# EDGAR Filing Document

**Accession Number:** 0001688680
**File Stem:** 0001752724-25-173894
**Filing Date:** 2025-7
**Character Count:** 1711173
**Document Hash:** 2718bcce16a2f188b526e9fa966b13ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-173894.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001752724-25-173894

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brinker Capital Destinations Trust
- **CENTRAL INDEX KEY:** 0001688680

**ORGANIZATION NAME:**
- **EIN:** 816867493
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23207
- **FILM NUMBER:** 251139907

**BUSINESS ADDRESS:**
- **STREET 1:** 1055 WESTLAKES DRIVE, SUITE 250
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312
- **BUSINESS PHONE:** (610) 407-8348

**MAIL ADDRESS:**
- **STREET 1:** 1055 WESTLAKES DRIVE, SUITE 250
- **CITY:** BERWYN
- **STATE:** PA
- **ZIP:** 19312

## Series and Classes Contracts Data

### Destinations Core Fixed Income Fund (Series ID: S000056106)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000176698 | Class I      | DCFFX           |
| C000202458 | Class Z      | DCFZX           |

## Nport-Ex

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Large Cap Equity Fund**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - 92.7%** | **COMMON STOCKS - 92.7%** |  |
| **BASIC MATERIALS - 1.6%** | **BASIC MATERIALS - 1.6%** |  |
| **Chemicals - 0.6%** |  |  |
| 3727 | Air Products & Chemicals Inc. | $1039497 |
| 101214 | Celanese Corp., Class A Shares | 5347136 |
| 4216 | Ecolab Inc. | 1119854 |
| 27014 | Linde PLC | 12631206 |
| 3928 | Sherwin-Williams Co. | 1409406 |
|  | Total Chemicals | 21547099 |
| **Forest Products & Paper - 0.4%** | **Forest Products & Paper - 0.4%** |  |
| 256709 | International Paper Co. | 12273257 |
| **Mining - 0.6%** |  |  |
| 245863 | Freeport-McMoRan Inc. | 9460808 |
| 228848 | Newmont Corp. | 12064867 |
| 1472 | Southern Copper Corp. | 133819 |
|  | Total Mining | 21659494 |
|  | **TOTAL BASIC MATERIALS** | **55479850** |
| **COMMUNICATIONS - 12.4%** | **COMMUNICATIONS - 12.4%** |  |
| **Internet - 10.2%** | **Internet - 10.2%** |  |
| 7200 | Airbnb Inc., Class A Shares<sup>\*</sup> | 928800 |
| 313593 | Alphabet Inc., Class A Shares | 53856462 |
| 81216 | Alphabet Inc., Class C Shares | 14038186 |
| 587769 | Amazon.com Inc.<sup>\*</sup> | 120498523 |
| 554 | Booking Holdings Inc. | 3057487 |
| 46042 | DoorDash Inc., Class A Shares<sup>\*</sup> | 9606663 |
| 36171 | eBay Inc. | 2646632 |
| 45185 | GoDaddy Inc., Class A Shares<sup>\*</sup> | 8230448 |
| 46207 | Maplebear Inc.<sup>\*</sup> | 2110274 |
| 133578 | Meta Platforms Inc., Class A Shares | 86490419 |
| 11606 | Netflix Inc.<sup>\*</sup> | 14011111 |
| 92659 | Palo Alto Networks Inc.<sup>\*</sup> | 17829445 |
| 18624 | Spotify Technology SA<sup>\*</sup> | 12387567 |
| 28869 | TripAdvisor Inc.<sup>\*</sup> | 411094 |
| 195731 | Uber Technologies Inc.<sup>\*</sup> | 16472721 |
|  | Total Internet | 362575832 |
| **Media - 0.6%** | **Media - 0.6%** |  |
| 62793 | Comcast Corp., Class A Shares | 2170754 |
| 154055 | Walt Disney Co. | 17414377 |
|  | Total Media | 19585131 |
| **Telecommunications - 1.6%** | **Telecommunications - 1.6%** |  |
| 77588 | Arista Networks Inc.<sup>\*</sup> | 6722225 |
| 658905 | AT&T Inc. | 18317559 |
| 429369 | Cisco Systems Inc. | 27067422 |
| 2732 | Motorola Solutions Inc. | 1134818 |
| 7926 | T-Mobile US Inc. | 1919677 |
| 70572 | Verizon Communications Inc. | 3102345 |
|  | Total Telecommunications | 58264046 |
|  | **TOTAL COMMUNICATIONS** | **440425009** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - 11.2%** | **CONSUMER CYCLICAL - 11.2%** |  |
| **Airlines - 0.2%** | **Airlines - 0.2%** |  |
| 131757 | Delta Air Lines Inc. | $6375721 |
| **Apparel - 0.7%** | **Apparel - 0.7%** |  |
| 52171 | Deckers Outdoor Corp.<sup>\*</sup> | 5505084 |
| 187100 | LVMH Moet Hennessy Louis Vuitton SE, ADR<sup>(a)</sup> | 20363964 |
| 19827 | NIKE Inc., Class B Shares | 1201318 |
|  | Total Apparel | 27070366 |
| **Auto Manufacturers - 0.8%** | **Auto Manufacturers - 0.8%** |  |
| 65687 | Ford Motor Co. | 681831 |
| 80885 | General Motors Co. | 4012705 |
| 8600 | PACCAR Inc. | 807110 |
| 66750 | Tesla Inc.<sup>\*</sup> | 23126205 |
|  | Total Auto Manufacturers | 28627851 |
| **Auto Parts & Equipment - 0.2%** | **Auto Parts & Equipment - 0.2%** |  |
| 56227 | Allison Transmission Holdings Inc. | 5820619 |
| **Distribution/Wholesale - 0.9%** | **Distribution/Wholesale - 0.9%** |  |
| 191756 | Copart Inc.<sup>\*</sup> | 9871599 |
| 515495 | LKQ Corp. | 20862082 |
|  | Total Distribution/Wholesale | 30733681 |
| **Entertainment - 0.3%** | **Entertainment - 0.3%** |  |
| 69567 | Live Nation Entertainment Inc.<sup>\*</sup> | 9543897 |
| **Home Builders - 0.4%** | **Home Builders - 0.4%** |  |
| 150460 | Lennar Corp., Class A Shares | 15960797 |
| **Home Furnishings - 0.4%** | **Home Furnishings - 0.4%** |  |
| 139624 | Dolby Laboratories Inc., Class A Shares | 10368478 |
| 38490 | SharkNinja Inc.<sup>\*</sup> | 3538386 |
|  | Total Home Furnishings | 13906864 |
| **Leisure Time - 0.5%** | **Leisure Time - 0.5%** |  |
| 70844 | Royal Caribbean Cruises Ltd. | 18204783 |
| **Lodging - 0.4%** | **Lodging - 0.4%** |  |
| 321324 | Las Vegas Sands Corp. | 13225696 |
| 3792 | Marriott International Inc., Class A Shares | 1000443 |
|  | Total Lodging | 14226139 |
| **Retail - 6.4%** | **Retail - 6.4%** |  |
| 603 | AutoZone Inc.<sup>\*</sup> | 2251023 |
| 189777 | BJ's Wholesale Club Holdings Inc.<sup>\*</sup> | 21484654 |
| 36270 | Casey's General Stores Inc. | 15877555 |
| 292637 | Chipotle Mexican Grill Inc., Class A Shares<sup>\*</sup> | 14655261 |
| 35890 | Costco Wholesale Corp. | 37332060 |
| 749 | Domino's Pizza Inc. | 354891 |
| 36937 | Ferguson Enterprises Inc. | 6735093 |
| 53720 | Five Below Inc.<sup>\*</sup> | 6262140 |
| 16571 | Home Depot Inc. | 6102934 |
| 9469 | Lowe's Cos., Inc. | 2137437 |
| 63753 | Lululemon Athletica Inc.<sup>\*</sup> | 20188663 |
| 13107 | McDonald's Corp. | 4113632 |
| 3081 | Murphy USA Inc. | 1314940 |
| 12148 | O'Reilly Automotive Inc.<sup>\*</sup> | 16612390 |
| 388963 | Restaurant Brands International Inc. | 27775848 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Retail - (continued)** | **Retail - (continued)** |  |
| 365376 | Starbucks Corp. | $30673315 |
| 7773 | Target Corp. | 730740 |
| 18966 | TJX Cos., Inc. | 2406785 |
| 4523 | Ulta Beauty Inc.<sup>\*</sup> | 2132414 |
| 72635 | Walmart Inc. | 7170527 |
|  | Total Retail | 226312302 |
|  | **TOTAL CONSUMER CYCLICAL** | **396783020** |
| **CONSUMER NON-CYCLICAL - 13.5%** | **CONSUMER NON-CYCLICAL - 13.5%** |  |
| **Agriculture - 0.5%** | **Agriculture - 0.5%** |  |
| 28400 | Altria Group Inc. | 1721324 |
| 87748 | Philip Morris International Inc. | 15846411 |
|  | Total Agriculture | 17567735 |
| **Beverages - 0.6%** | **Beverages - 0.6%** |  |
| 64987 | Coca-Cola Co. | 4685563 |
| 2590 | Constellation Brands Inc., Class A Shares | 461771 |
| 21200 | Keurig Dr Pepper Inc. | 713804 |
| 173377 | Monster Beverage Corp.<sup>\*</sup> | 11087459 |
| 22991 | PepsiCo Inc. | 3022167 |
|  | Total Beverages | 19970764 |
| **Biotechnology - 0.8%** | **Biotechnology - 0.8%** |  |
| 33482 | Amgen Inc. | 9648843 |
| 23309 | BioNTech SE, ADR<sup>\*</sup> | 2233235 |
| 63023 | Gilead Sciences Inc. | 6937572 |
| 19428 | Illumina Inc.<sup>\*</sup> | 1597759 |
| 34213 | Incyte Corp.<sup>\*</sup> | 2225898 |
| 5400 | Moderna Inc.<sup>\*</sup> | 143424 |
| 4850 | Regeneron Pharmaceuticals Inc. | 2377858 |
| 14327 | Sarepta Therapeutics Inc.<sup>\*</sup> | 538695 |
| 8832 | Vertex Pharmaceuticals Inc.<sup>\*</sup> | 3904185 |
|  | Total Biotechnology | 29607469 |
| **Commercial Services - 0.6%** | **Commercial Services - 0.6%** |  |
| 6836 | Automatic Data Processing Inc. | 2225323 |
| 8287 | Cintas Corp. | 1877005 |
| 2654 | Moody's Corp. | 1272115 |
| 16789 | PayPal Holdings Inc.<sup>\*</sup> | 1179931 |
| 5242 | S&P Global Inc. | 2688412 |
| 154301 | StoneCo Ltd., Class A Shares<sup>\*</sup> | 2106209 |
| 138122 | TransUnion | 11827387 |
|  | Total Commercial Services | 23176382 |
| **Cosmetics/Personal Care - 0.7%** | **Cosmetics/Personal Care - 0.7%** |  |
| 13620 | Colgate-Palmolive Co. | 1265843 |
| 102861 | Estee Lauder Cos., Inc., Class A Shares | 6885515 |
| 387181 | Kenvue Inc. | 9242010 |
| 39485 | Procter & Gamble Co. | 6708107 |
|  | Total Cosmetics/Personal Care | 24101475 |
| **Food - 0.1%** | **Food - 0.1%** |  |
| 20733 | Flowers Foods Inc. | 350388 |
| 14900 | Kraft Heinz Co. | 398277 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Food - (continued)** | **Food - (continued)** |  |
| 22369 | Mondelez International Inc., Class A Shares | $1509684 |
|  | Total Food | 2258349 |
| **Healthcare-Products - 4.3%** | **Healthcare-Products - 4.3%** |  |
| 28975 | Abbott Laboratories | 3870480 |
| 106771 | Agilent Technologies Inc. | 11949810 |
| 167440 | Alcon AG | 14389794 |
| 21588 | Align Technology Inc.<sup>\*</sup> | 3906133 |
| 257171 | Baxter International Inc. | 7843715 |
| 24620 | Boston Scientific Corp.<sup>\*</sup> | 2591501 |
| 111780 | Danaher Corp. | 21227022 |
| 104858 | Edwards Lifesciences Corp.<sup>\*</sup> | 8201993 |
| 459733 | GE HealthCare Technologies Inc. | 32429566 |
| 31367 | IDEXX Laboratories Inc.<sup>\*</sup> | 16102563 |
| 5913 | Intuitive Surgical Inc.<sup>\*</sup> | 3265986 |
| 245100 | Medtronic PLC | 20338398 |
| 6070 | Stryker Corp. | 2322625 |
| 6430 | Thermo Fisher Scientific Inc. | 2590133 |
| 16489 | West Pharmaceutical Services Inc. | 3476706 |
|  | Total Healthcare-Products | 154506425 |
| **Healthcare-Services - 2.6%** | **Healthcare-Services - 2.6%** |  |
| 4488 | Cigna Group | 1421080 |
| 46366 | Elevance Health Inc. | 17797126 |
| 3106 | HCA Healthcare Inc. | 1184597 |
| 163768 | Labcorp Holdings Inc. | 40773319 |
| 102493 | UnitedHealth Group Inc. | 30943662 |
|  | Total Healthcare-Services | 92119784 |
| **Household Products/Wares - 0.1%** | **Household Products/Wares - 0.1%** |  |
| 4654 | Clorox Co. | 613770 |
| 16212 | Kimberly-Clark Corp. | 2330637 |
|  | Total Household Products/Wares | 2944407 |
| **Pharmaceuticals - 3.2%** | **Pharmaceuticals - 3.2%** |  |
| 55796 | AbbVie Inc. | 10384193 |
| 169913 | Becton Dickinson & Co. | 29325284 |
| 117603 | Bristol-Myers Squibb Co. | 5677873 |
| 16470 | Cardinal Health Inc. | 2543627 |
| 16857 | Cencora Inc. | 4909433 |
| 21100 | CVS Health Corp. | 1351244 |
| 58359 | DexCom Inc.<sup>\*</sup> | 5007202 |
| 19360 | Eli Lilly & Co. | 14281291 |
| 197808 | Johnson & Johnson | 30701780 |
| 2123 | McKesson Corp. | 1527520 |
| 54139 | Merck & Co., Inc. | 4160041 |
| 94928 | Pfizer Inc. | 2229859 |
| 7515 | Zoetis Inc., Class A Shares | 1267254 |
|  | Total Pharmaceuticals | 113366601 |
|  | **TOTAL CONSUMER NON-CYCLICAL** | **479619391** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **ENERGY - 2.7%** | **ENERGY - 2.7%** |  |
| **Energy-Alternate Sources - 0.1%** | **Energy-Alternate Sources - 0.1%** |  |
| 25532 | Enphase Energy Inc.<sup>\*</sup> | $1056770 |
| **Oil & Gas - 2.6%** | **Oil & Gas - 2.6%** |  |
| 27358 | Chevron Corp. | 3739839 |
| 21626 | ConocoPhillips | 1845779 |
| 9404 | EOG Resources Inc. | 1020992 |
| 133649 | EQT Corp. | 7368069 |
| 243134 | Exxon Mobil Corp. | 24872608 |
| 109288 | Marathon Petroleum Corp. | 17566953 |
| 11362 | Occidental Petroleum Corp. | 463342 |
| 147358 | Phillips 66 | 16722186 |
| 504440 | Suncor Energy Inc.<sup>(b)</sup> | 17932842 |
| 5253 | Valero Energy Corp. | 677480 |
| 16178 | Weatherford International PLC | 705361 |
|  | Total Oil & Gas | 92915451 |
| **Oil & Gas Services - 0.0%** | **Oil & Gas Services - 0.0%** |  |
| 23600 | Schlumberger NV | 779980 |
|  | **TOTAL ENERGY** | **94752201** |
| **FINANCIAL - 16.0%** | **FINANCIAL - 16.0%** |  |
| **Banks - 3.5%** | **Banks - 3.5%** |  |
| 742138 | Bank of America Corp. | 32750550 |
| 31688 | Citigroup Inc. | 2386740 |
| 554958 | First Horizon Corp. | 11032565 |
| 36664 | Goldman Sachs Group Inc. | 22014899 |
| 172185 | JPMorgan Chase & Co. | 45456840 |
| 34580 | Morgan Stanley | 4427277 |
| 6638 | PNC Financial Services Group Inc. | 1153751 |
| 22373 | Truist Financial Corp. | 883734 |
| 26063 | US Bancorp | 1136086 |
| 55030 | Wells Fargo & Co. | 4115143 |
|  | Total Banks | 125357585 |
| **Diversified Financial Services - 4.7%** | **Diversified Financial Services - 4.7%** |  |
| 223631 | AerCap Holdings NV | 25880816 |
| 9262 | American Express Co. | 2723491 |
| 29073 | Ameriprise Financial Inc. | 14805134 |
| 53952 | Apollo Global Management Inc. | 7050987 |
| 2467 | Blackrock Inc. | 2417389 |
| 97552 | Capital One Financial Corp. | 18451961 |
| 147707 | Charles Schwab Corp. | 13048436 |
| 35050 | CME Group Inc., Class A Shares | 10129450 |
| 58314 | Intercontinental Exchange Inc. | 10484857 |
| 68682 | Mastercard Inc., Class A Shares | 40220179 |
| 37745 | Visa Inc., Class A Shares | 13784097 |
| 108370 | Voya Financial Inc. | 7208772 |
| 111129 | Western Union Co. | 1031277 |
|  | Total Diversified Financial Services | 167236846 |
| **Equity Real Estate Investment Trusts (REITs) - 1.2%** | **Equity Real Estate Investment Trusts (REITs) - 1.2%** |  |
| 7811 | American Tower Corp. | 1676631 |
| 1608 | Equinix Inc. | 1429223 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Equity Real Estate Investment Trusts (REITs) - (continued)** | **Equity Real Estate Investment Trusts (REITs) - (continued)** |  |
| 173853 | Mid-America Apartment Communities Inc. | $27234072 |
| 15463 | Prologis Inc. | 1679282 |
| 2658 | Public Storage | 819754 |
| 10300 | Welltower Inc. | 1589084 |
| 236919 | Weyerhaeuser Co. | 6138571 |
|  | Total Equity Real Estate Investment Trusts (REITs) | 40566617 |
| **Insurance - 5.3%** | **Insurance - 5.3%** |  |
| 171006 | American International Group Inc. | 14473948 |
| 53563 | Aon PLC, Class A Shares | 19929721 |
| 3570 | Arch Capital Group Ltd. | 339293 |
| 80057 | Assurant Inc. | 16249970 |
| 107858 | Berkshire Hathaway Inc., Class B Shares<sup>\*</sup> | 54356118 |
| 6741 | Chubb Ltd. | 2003425 |
| 11257 | Fairfax Financial Holdings Ltd.<sup>(a)</sup> | 19052626 |
| 26943 | Globe Life Inc. | 3283543 |
| 8227 | Marsh & McLennan Cos., Inc. | 1922321 |
| 105386 | MetLife Inc. | 8281232 |
| 26356 | Progressive Corp. | 7509615 |
| 24057 | RenaissanceRe Holdings Ltd. | 6000297 |
| 22225 | Ryan Specialty Holdings Inc., Class A Shares | 1590643 |
| 3793 | Travelers Cos., Inc. | 1045730 |
| 104800 | Willis Towers Watson PLC | 33174440 |
|  | Total Insurance | 189212922 |
| **Private Equity - 1.3%** | **Private Equity - 1.3%** |  |
| 12100 | Blackstone Inc. | 1678996 |
| 240169 | Carlyle Group Inc. | 10855639 |
| 261687 | KKR & Co., Inc. | 31784503 |
|  | Total Private Equity | 44319138 |
|  | **TOTAL FINANCIAL** | **566693108** |
| **INDUSTRIAL - 9.3%** | **INDUSTRIAL - 9.3%** |  |
| **Aerospace/Defense - 1.1%** | **Aerospace/Defense - 1.1%** |  |
| 12487 | Boeing Co.<sup>\*</sup> | 2588805 |
| 4588 | General Dynamics Corp. | 1277712 |
| 18053 | General Electric Co. | 4439413 |
| 42908 | Howmet Aerospace Inc. | 7289640 |
| 68155 | L3Harris Technologies Inc. | 16652993 |
| 4901 | Lockheed Martin Corp. | 2364144 |
| 2240 | Northrop Grumman Corp. | 1085885 |
| 22234 | RTX Corp. | 3034496 |
| 906 | TransDigm Group Inc. | 1330398 |
|  | Total Aerospace/Defense | 40063486 |
| **Building Materials - 2.3%** | **Building Materials - 2.3%** |  |
| 14000 | Carrier Global Corp. | 996800 |
| 668044 | CRH PLC | 60898891 |
| 82174 | Johnson Controls International PLC | 8329978 |
| 13418 | Martin Marietta Materials Inc. | 7347026 |
| 9487 | Trane Technologies PLC | 4081972 |
|  | Total Building Materials | 81654667 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Electrical Components & Equipment - 0.4%** | **Electrical Components & Equipment - 0.4%** |  |
| 5238 | Acuity Inc. | $1361304 |
| 60839 | AMETEK Inc. | 10874363 |
| 6600 | Eaton Corp. PLC | 2113320 |
| 9587 | Emerson Electric Co. | 1144496 |
|  | Total Electrical Components & Equipment | 15493483 |
| **Electronics - 1.1%** | **Electronics - 1.1%** |  |
| 19800 | Amphenol Corp., Class A Shares | 1780614 |
| 67990 | Honeywell International Inc. | 15411293 |
| 39742 | Hubbell Inc., Class B Shares | 15482688 |
| 45378 | TE Connectivity PLC | 7263657 |
|  | Total Electronics | 39938252 |
| **Environmental Control - 0.5%** | **Environmental Control - 0.5%** |  |
| 3400 | Republic Services Inc., Class A Shares | 874786 |
| 157048 | Veralto Corp. | 15866560 |
| 6721 | Waste Management Inc. | 1619559 |
|  | Total Environmental Control | 18360905 |
| **Machinery-Construction & Mining - 0.4%** | **Machinery-Construction & Mining - 0.4%** |  |
| 8113 | Caterpillar Inc. | 2823568 |
| 20531 | GE Vernova Inc. | 9710752 |
|  | Total Machinery-Construction & Mining | 12534320 |
| **Machinery-Diversified - 0.7%** | **Machinery-Diversified - 0.7%** |  |
| 47666 | Deere & Co. | 24131389 |
| **Miscellaneous Manufacturers - 1.1%** | **Miscellaneous Manufacturers - 1.1%** |  |
| 40654 | 3M Co. | 6031021 |
| 78469 | Carlisle Cos., Inc. | 29832344 |
| 4934 | Illinois Tool Works Inc. | 1209225 |
| 2140 | Parker-Hannifin Corp. | 1422458 |
|  | Total Miscellaneous Manufacturers | 38495048 |
| **Packaging & Containers - 0.2%** | **Packaging & Containers - 0.2%** |  |
| 60833 | Crown Holdings Inc. | 5992050 |
| **Transportation - 1.5%** | **Transportation - 1.5%** |  |
| 1316543 | CSX Corp. | 41589593 |
| 38599 | FedEx Corp. | 8418442 |
| 3769 | Norfolk Southern Corp. | 931395 |
| 10183 | Union Pacific Corp. | 2257164 |
| 12179 | United Parcel Service Inc., Class B Shares | 1187940 |
|  | Total Transportation | 54384534 |
|  | **TOTAL INDUSTRIAL** | **331048134** |
| **TECHNOLOGY - 25.1%** | **TECHNOLOGY - 25.1%** |  |
| **Computers - 6.0%** | **Computers - 6.0%** |  |
| 10514 | Accenture PLC, Class A Shares | 3331045 |
| 739150 | Apple Inc. | 148458277 |
| 39820 | CACI International Inc., Class A Shares<sup>\*</sup> | 17042960 |
| 27445 | Check Point Software Technologies Ltd.<sup>\*</sup> | 6281612 |
| 3900 | Crowdstrike Holdings Inc., Class A Shares<sup>\*</sup> | 1838343 |
| 25019 | Dell Technologies Inc., Class C Shares | 2783864 |
| 9034 | EPAM Systems Inc.<sup>\*</sup> | 1576343 |
| 139627 | Fortinet Inc.<sup>\*</sup> | 14211236 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Computers - (continued)** | **Computers - (continued)** |  |
| 42570 | International Business Machines Corp. | $11028184 |
| 16925 | NetApp Inc. | 1678283 |
| 36228 | Pure Storage Inc., Class A Shares<sup>\*</sup> | 1941459 |
| 15871 | Zscaler Inc.<sup>\*</sup> | 4375635 |
|  | Total Computers | 214547241 |
| **Semiconductors - 8.4%** | **Semiconductors - 8.4%** |  |
| 26914 | Advanced Micro Devices Inc.<sup>\*</sup> | 2980187 |
| 8314 | Analog Devices Inc. | 1779030 |
| 15647 | Applied Materials Inc. | 2452667 |
| 267326 | Broadcom Inc. | 64711605 |
| 3936 | Entegris Inc. | 270561 |
| 231348 | Intel Corp. | 4522853 |
| 3469 | KLA Corp. | 2625617 |
| 104028 | Lam Research Corp. | 8404422 |
| 92209 | Marvell Technology Inc. | 5550060 |
| 69595 | Micron Technology Inc. | 6573944 |
| 1276930 | NVIDIA Corp. | 172551551 |
| 3698 | Onto Innovation Inc.<sup>\*</sup> | 339994 |
| 96462 | QUALCOMM Inc. | 14006282 |
| 109082 | Teradyne Inc. | 8573845 |
| 15240 | Texas Instruments Inc. | 2786634 |
|  | Total Semiconductors | 298129252 |
| **Software - 10.7%** | **Software - 10.7%** |  |
| 26197 | Adobe Inc.<sup>\*</sup> | 10874113 |
| 49711 | Akamai Technologies Inc.<sup>\*</sup> | 3774556 |
| 7219 | AppLovin Corp., Class A Shares<sup>\*</sup> | 2837067 |
| 9371 | Atlassian Corp., Class A Shares<sup>\*</sup> | 1945701 |
| 6535 | Autodesk Inc.<sup>\*</sup> | 1935144 |
| 4017 | BILL Holdings Inc.<sup>\*</sup> | 175463 |
| 4610 | Cadence Design Systems Inc.<sup>\*</sup> | 1323393 |
| 101800 | Datadog Inc., Class A Shares<sup>\*</sup> | 12000184 |
| 376473 | Fidelity National Information Services Inc. | 29971015 |
| 9429 | Fiserv Inc.<sup>\*</sup> | 1534947 |
| 10575 | Gitlab Inc., Class A Shares<sup>\*</sup> | 481268 |
| 479 | HubSpot Inc.<sup>\*</sup> | 282562 |
| 31318 | Intuit Inc. | 23597173 |
| 835 | Magic Leap Inc., Series D, Private Placement<sup>\*@(a)(c)</sup> | 2948 |
| 433430 | Microsoft Corp. | 199533835 |
| 1714 | MSCI Inc., Class A Shares | 966730 |
| 142155 | Nutanix Inc., Class A Shares<sup>\*</sup> | 10901867 |
| 26760 | Oracle Corp. | 4429583 |
| 29592 | Palantir Technologies Inc., Class A Shares<sup>\*</sup> | 3899634 |
| 21207 | Paycom Software Inc. | 5494522 |
| 31945 | ROBLOX Corp., Class A Shares<sup>\*</sup> | 2778576 |
| 1787 | Roper Technologies Inc. | 1019072 |
| 67936 | Salesforce Inc. | 18028176 |
| 19370 | ServiceNow Inc.<sup>\*</sup> | 19584813 |
| 5200 | Snowflake Inc., Class A Shares<sup>\*</sup> | 1069484 |
| 20012 | Stripe Inc., Class B Shares, Private Placement<sup>\*@(a)(c)</sup> | 724835 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Software - (continued)** | **Software - (continued)** |  |
| 2577 | Synopsys Inc.<sup>\*</sup> | $1195676 |
| 16563 | Tyler Technologies Inc.<sup>\*</sup> | 9556685 |
| 30094 | Veeva Systems Inc., Class A Shares<sup>\*</sup> | 8417292 |
| 3500 | Workday Inc., Class A Shares<sup>\*</sup> | 866985 |
| 67314 | ZoomInfo Technologies Inc., Class A Shares<sup>\*</sup> | 642849 |
|  | Total Software | 379846148 |
|  | **TOTAL TECHNOLOGY** | **892522641** |
| **UTILITIES - 0.9%** | **UTILITIES - 0.9%** |  |
| **Electric - 0.9%** | **Electric - 0.9%** |  |
| 8865 | American Electric Power Co., Inc. | 917439 |
| 25100 | Constellation Energy Corp. | 7684365 |
| 14005 | Dominion Energy Inc. | 793663 |
| 12942 | Duke Energy Corp. | 1523532 |
| 34446 | NextEra Energy Inc. | 2433266 |
| 10606 | Sempra | 833526 |
| 18277 | Southern Co. | 1644930 |
| 59717 | Talen Energy Corp.<sup>\*</sup> | 14567962 |
|  | Total Electric | 30398683 |
|  | **TOTAL UTILITIES** | **30398683** |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $2,593,344,110) | **3287722037** |
| **EXCHANGE TRADED FUNDS (ETFs) - 5.9%** | **EXCHANGE TRADED FUNDS (ETFs) - 5.9%** |  |
| 15794 | SPDR Portfolio S&P 500 | 1094998 |
| 606600 | Vanguard Mega Capital Growth | 208961568 |
|  | **TOTAL EXCHANGE TRADED FUNDS (ETFs)**<br> (Cost - $189,183,494) | **210056566** |
| **PREFERRED STOCKS - 0.0%** | **PREFERRED STOCKS - 0.0%** |  |
| **CONSUMER CYCLICAL - 0.0%** | **CONSUMER CYCLICAL - 0.0%** |  |
| **Auto Manufacturers - 0.0%** | **Auto Manufacturers - 0.0%** |  |
| 9549 | Waymo LLC, Series A2, Private Placement<sup>\*@(a)(c)</sup> | 909065 |
| **INDUSTRIAL - 0.0%** | **INDUSTRIAL - 0.0%** |  |
| **Machinery - 0.0%** | **Machinery - 0.0%** |  |
| 108389 | Nuro Inc., Series C, Private Placement<sup>\*@(a)(c)</sup> | 598307 |
| 26242 | Nuro Inc., Series D<sup>\*@(a)(c)</sup> | 178708 |
|  | Total Machinery | 777015 |
|  | **TOTAL INDUSTRIAL** | **777015** |
|  | **TOTAL PREFERRED STOCKS**<br> (Cost - $2,781,954) | **1686080** |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $2,785,309,558) | **3499464683** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face Amount†** |  | **Security** | **Value** |
| **SHORT-TERM INVESTMENTS - 1.3%** | **SHORT-TERM INVESTMENTS - 1.3%** | **SHORT-TERM INVESTMENTS - 1.3%** |  |
| **TIME DEPOSITS - 1.3%** | **TIME DEPOSITS - 1.3%** | **TIME DEPOSITS - 1.3%** |  |
| 135631 |  | ANZ National Bank - London, 3.680% due 6/2/25 | $135631 |
|  |  | Citibank - London: |  |
| 94768 | <sup>EUR</sup> | &nbsp;&nbsp;1.080% due 6/2/25 | 107609 |
| 4 | <sup>GBP</sup> | &nbsp;&nbsp;3.170% due 6/2/25 | 6 |
| 26599823 |  | Citibank - New York, 3.680% due 6/2/25 | 26599823 |
| 4509848 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 4509848 |
| 5630716 |  | Royal Bank of Canada - Toronto, 3.680% due 6/2/25 | 5630716 |
|  |  | Skandinaviska Enskilda Banken AB - Stockholm: |  |
| 2426 | <sup>CHF</sup> | &nbsp;&nbsp;0.000% due 6/2/25 | 2948 |
| 1919070 |  | &nbsp;&nbsp;3.680% due 6/2/25 | 1919070 |
| 6656343 |  | Sumitomo Mitsui Banking Corp. - Tokyo, 3.680% due 6/2/25 | 6656343 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $45,561,994) | **45561994** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  | |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.1%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.1%** |  |
| **MONEY MARKET FUND - 0.1%** | **MONEY MARKET FUND - 0.1%** |  |
| 2044000 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(d)</sup><br> (Cost - $2,044,000) | 2044000 |
|  | **TOTAL INVESTMENTS - 100.0%**<br> (Cost - $2,832,915,552) | **3547070677** |
|  | Other Assets in Excess of Liabilities - 0.0% | 1081510 |
|  | **TOTAL NET ASSETS - 100.0%** | $**3548152187** |

---

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| \* | Non-income producing security. |
| (a) | Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $41,830,453 and represents 1.18% of net assets. |
| (b) | All or a portion of this security is on loan. |
| (c) | Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs. |
| (d) | Represents investment of collateral received from securities lending transactions. |
| @ | Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers. |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security** | **First <br> Acquisition <br> Date** | **First <br> Acquisition <br> Cost** | **Market<br> Value** | **Percent of<br> Net Assets** |  |
| Magic Leap Inc., Series D, Private Placement | 10/12/2017 | $406053 | $2948 | 0.00 | %\* |
| Nuro Inc., Series C, Private Placement | 10/30/2020 | 940662 | 598307 | 0.02 | % |
| Nuro Inc., Series D | 10/29/2021 | 547033 | 178708 | 0.01 | % |
| Stripe Inc., Class B Shares, Private Placement | 12/17/2019 | 156994 | 724835 | 0.02 | % |
| Waymo LLC, Series A2, Private Placement | 5/8/2020 | 819946 | 909065 | 0.03 | % |
|  |  |  | $**2413863** | **0.08** | **%** |

---

\* Position represents less than 0.005%.

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Large Cap Equity Fund (concluded)**

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| ADR | **—** | American Depositary Receipts |
| LLC | **—** | Limited Liability Company |
| PLC | **—** | Public Limited Company |
| SPDR | **—** | Standard & Poor's Depository Receipts |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Sector^** | |
| Technology | 25.1% |
| Financial | 16.0 |
| Consumer Non-cyclical | 13.5 |
| Communications | 12.4 |
| Consumer Cyclical | 11.2 |
| Industrial | 9.3 |
| Energy | 2.7 |
| Basic Materials | 1.6 |
| Utilities | 0.9 |
| Exchange Traded Funds (ETFs) | 5.9 |
| Short-Term Investments | 1.3 |
| Money Market Fund | 0.1 |
|  | 100.0% |

---

^ As a percentage of total investments.

At May 31, 2025, Destinations Large Cap Equity Fund had open exchange traded futures contracts as described below.

The unrealized appreciation on the open contracts was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br> Contracts** | **Expiration<br> Date (Month/Year)** | **Notional<br> Amounts** | **Market Value** | **Unrealized<br> Appreciation** |
| **Contracts to Buy:** |  |  |  |  |  |
| S&P 500 E-mini Index June Futures | 7 | 6/25 | $1980904 | $2070600 | $89696 |

---

At May 31, 2025, Destinations Large Cap Equity Fund had deposited cash of $76,839 with a broker or brokers as margin collateral on open exchange traded futures contracts.

---

| | | |
|:---|:---|:---|
| Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: |
| CHF | **—** | Swiss Franc |
| EUR | **—** | Euro |
| GBP | **—** | British Pound |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - 95.6%** | **COMMON STOCKS - 95.6%** |  |
| **BASIC MATERIALS - 4.4%** | **BASIC MATERIALS - 4.4%** |  |
| **Chemicals - 1.8%** | **Chemicals - 1.8%** |  |
| 641 | AdvanSix Inc. | $15070 |
| 711 | Albemarle Corp. | 39645 |
| 1025 | American Vanguard Corp. | 5043 |
| 292 | Ashland Inc. | 14457 |
| 2416 | Avient Corp. | 87290 |
| 23726 | Axalta Coating Systems Ltd.<sup>\*</sup> | 730761 |
| 849 | Balchem Corp. | 141528 |
| 25767 | Cabot Corp. | 1924537 |
| 664 | Celanese Corp., Class A Shares | 35079 |
| 977 | CF Industries Holdings Inc. | 88624 |
| 824 | Chemours Co. | 8347 |
| 1788 | Codexis Inc.<sup>\*</sup> | 4112 |
| 3981 | Dow Inc. | 110433 |
| 2372 | DuPont de Nemours Inc. | 158450 |
| 643 | Eastman Chemical Co. | 50392 |
| 2936 | Ecovyst Inc.<sup>\*</sup> | 21873 |
| 1332 | Element Solutions Inc. | 28478 |
| 748 | FMC Corp. | 30339 |
| 510 | Hawkins Inc. | 68080 |
| 1464 | HB Fuller Co. | 81721 |
| 946 | Huntsman Corp. | 10539 |
| 21920 | Ingevity Corp.<sup>\*</sup> | 906830 |
| 9507 | Innospec Inc. | 808856 |
| 1445 | International Flavors & Fragrances Inc. | 110629 |
| 233 | Intrepid Potash Inc.<sup>\*</sup> | 8798 |
| 477 | Koppers Holdings Inc. | 14654 |
| 907 | Kronos Worldwide Inc. | 5741 |
| 4352 | Lightwave Logic Inc.<sup>\*</sup> | 4265 |
| 1466 | LyondellBasell Industries NV, Class A Shares | 82814 |
| 1369 | Mativ Holdings Inc. | 7831 |
| 851 | Minerals Technologies Inc. | 48320 |
| 50778 | Mosaic Co. | 1835117 |
| 38 | NewMarket Corp. | 24474 |
| 391 | Northern Technologies International Corp. | 2827 |
| 225 | Oil-Dri Corp. of America | 11288 |
| 691 | Olin Corp. | 13412 |
| 1426 | Orion SA | 15529 |
| 3517 | Perimeter Solutions Inc.<sup>\*</sup> | 42450 |
| 23511 | PPG Industries Inc. | 2605019 |
| 369 | Quaker Chemical Corp. | 40014 |
| 1554 | Rayonier Advanced Materials Inc.<sup>\*</sup> | 5983 |
| 15294 | Rogers Corp.<sup>\*</sup> | 1018122 |
| 715 | RPM International Inc. | 81396 |
| 1102 | Sensient Technologies Corp. | 104172 |
| 559 | Stepan Co. | 30348 |
| 3099 | Tronox Holdings PLC | 17602 |
| 103 | Valhi Inc. | 1500 |
| 197 | Westlake Corp. | 13993 |
|  | Total Chemicals | 11516782 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **BASIC MATERIALS - (continued)** | **BASIC MATERIALS - (continued)** |  |
| **Forest Products & Paper - 0.4%** | **Forest Products & Paper - 0.4%** |  |
| 47967 | International Paper Co. | $2293302 |
| 936 | Sylvamo Corp. | 49580 |
|  | Total Forest Products & Paper | 2342882 |
| **Iron/Steel - 0.5%** | **Iron/Steel - 0.5%** |  |
| 736 | ATI Inc.<sup>\*</sup> | 58615 |
| 11816 | Carpenter Technology Corp. | 2776760 |
| 3099 | Cleveland-Cliffs Inc.<sup>\*</sup> | 18067 |
| 2991 | Commercial Metals Co. | 139351 |
| 1330 | Nucor Corp. | 145449 |
| 723 | Radius Recycling Inc. | 21408 |
| 303 | Reliance Inc. | 88724 |
| 809 | Steel Dynamics Inc. | 99564 |
| 1341 | United States Steel Corp. | 72172 |
|  | Total Iron/Steel | 3420110 |
| **Mining - 1.7%** | **Mining - 1.7%** |  |
| 38981 | Alamos Gold Inc., Class A Shares | 1009218 |
| 1514 | Alcoa Corp. | 40530 |
| 361 | Caledonia Mining Corp. PLC | 6173 |
| 27796 | Cameco Corp. | 1626900 |
| 8331 | Centrus Energy Corp., Class A Shares<sup>\*(a)</sup> | 1057371 |
| 1348 | Century Aluminum Co.<sup>\*</sup> | 20881 |
| 16978 | Coeur Mining Inc.<sup>\*</sup> | 137182 |
| 1024 | Compass Minerals International Inc.<sup>\*</sup> | 19671 |
| 3378 | Constellium SE, Class A Shares<sup>\*</sup> | 41009 |
| 353 | Contango ORE Inc.<sup>\*</sup> | 6855 |
| 438 | Critical Metals Corp.<sup>\*</sup> | 604 |
| 2447 | Dakota Gold Corp.<sup>\*</sup> | 7488 |
| 4551 | Encore Energy Corp.<sup>\*</sup> | 9148 |
| 4771 | Energy Fuels Inc.<sup>\*</sup> | 23330 |
| 64600 | Freeport-McMoRan Inc. | 2485808 |
| 15562 | Hecla Mining Co. | 79989 |
| 10882 | i-80 Gold Corp.<sup>\*</sup> | 5475 |
| 82318 | IAMGOLD Corp.<sup>\*</sup> | 564701 |
| 2123 | Ivanhoe Electric Inc.<sup>\*(b)</sup> | 15604 |
| 413 | Kaiser Aluminum Corp. | 29980 |
| 1514 | Lifezone Metals Ltd.<sup>\*</sup> | 6041 |
| 1339 | MAC Copper Ltd.<sup>\*</sup> | 16282 |
| 676 | MP Materials Corp.<sup>\*</sup> | 14730 |
| 221760 | NexGen Energy Ltd.<sup>\*</sup> | 1370477 |
| 6191 | Novagold Resources Inc.<sup>\*</sup> | 22164 |
| 27233 | Perpetua Resources Corp.<sup>\*(a)</sup> | 378811 |
| 782 | Piedmont Lithium Inc.<sup>\*</sup> | 4833 |
| 7985 | Royal Gold Inc. | 1422288 |
| 5568 | SSR Mining Inc.<sup>\*</sup> | 65869 |
| 272 | United States Lime & Minerals Inc. | 27956 |
| 119322 | Uranium Energy Corp.<sup>\*</sup> | 707579 |
| 10969 | Ur-Energy Inc.<sup>\*</sup> | 8959 |
|  | Total Mining | 11233906 |
|  | **TOTAL BASIC MATERIALS** | **28513680** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **COMMUNICATIONS - 3.3%** | **COMMUNICATIONS - 3.3%** |  |
| **Advertising - 0.1%** | **Advertising - 0.1%** |  |
| 3342 | Advantage Solutions Inc.<sup>\*</sup> | $3977 |
| 554 | Boston Omaha Corp., Class A Shares<sup>\*</sup> | 8144 |
| 8577 | Clear Channel Outdoor Holdings Inc., Class A Shares<sup>\*</sup> | 9177 |
| 2073 | Interpublic Group of Cos., Inc. | 49669 |
| 12272 | MNTN Inc., Class A Shares<sup>\*</sup> | 309623 |
| 1720 | National CineMedia Inc. | 9374 |
| 1090 | Omnicom Group Inc. | 80050 |
| 2762 | Stagwell Inc., Class A Shares<sup>\*</sup> | 12318 |
| 650 | TechTarget Inc.<sup>\*</sup> | 5258 |
| 2536 | Trade Desk Inc., Class A Shares<sup>\*</sup> | 190758 |
|  | Total Advertising | 678348 |
| **Internet - 1.3%** | **Internet - 1.3%** |  |
| 1097 | 1-800-Flowers.com Inc., Class A Shares<sup>\*</sup> | 5397 |
| 902 | 1stdibs.com Inc.<sup>\*</sup> | 2264 |
| 225 | Angi Inc., Class A Shares<sup>\*</sup> | 3521 |
| 346 | AudioEye Inc.<sup>\*</sup> | 4228 |
| 857 | Backblaze Inc., Class A Shares<sup>\*</sup> | 4885 |
| 2614 | BARK Inc.<sup>\*</sup> | 3372 |
| 1568 | Beyond Inc.<sup>\*</sup> | 10051 |
| 2399 | Bumble Inc., Class A Shares<sup>\*</sup> | 13482 |
| 1354 | Cardlytics Inc.<sup>\*</sup> | 2451 |
| 2346 | Cargurus Inc., Class A Shares<sup>\*</sup> | 73524 |
| 1694 | Cars.com Inc.<sup>\*</sup> | 17364 |
| 761 | CDW Corp. | 137254 |
| 29850 | Chewy Inc., Class A Shares<sup>\*</sup> | 1350713 |
| 1175 | Cogent Communications Holdings Inc. | 53709 |
| 1233 | Couchbase Inc.<sup>\*</sup> | 22280 |
| 6574 | Coupang Inc., Class A Shares<sup>\*</sup> | 184401 |
| 2719 | eBay Inc. | 198949 |
| 1100 | Entravision Communications Corp., Class A Shares | 2277 |
| 697 | ePlus Inc.<sup>\*</sup> | 49745 |
| 692 | Etsy Inc.<sup>\*</sup> | 38302 |
| 2928 | Eventbrite Inc., Class A Shares<sup>\*</sup> | 6910 |
| 14583 | EverQuote Inc., Class A Shares<sup>\*</sup> | 336138 |
| 692 | Expedia Group Inc. | 115391 |
| 326 | F5 Inc.<sup>\*</sup> | 93034 |
| 3290 | Figs Inc., Class A Shares<sup>\*</sup> | 14312 |
| 9630 | fuboTV Inc.<sup>\*</sup> | 35246 |
| 28072 | Gambling.com Group Ltd.<sup>\*</sup> | 330969 |
| 3062 | Gen Digital Inc. | 87206 |
| 2372 | Getty Images Holdings Inc.<sup>\*(a)</sup> | 4222 |
| 792 | GoDaddy Inc., Class A Shares<sup>\*</sup> | 144263 |
| 569 | Grindr Inc.<sup>\*</sup> | 13895 |
| 7145 | Groupon Inc., Class A Shares<sup>\*</sup> | 208134 |
| 611 | HealthStream Inc. | 17120 |
| 5101 | Hims & Hers Health Inc.<sup>\*</sup> | 288513 |
| 430 | IAC Inc.<sup>\*</sup> | 15463 |
| 362 | Lands' End Inc.<sup>\*</sup> | 3048 |
| 841 | LifeMD Inc.<sup>\*</sup> | 10269 |
| 515 | Liquidity Services Inc.<sup>\*</sup> | 12036 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **COMMUNICATIONS - (continued)** | **COMMUNICATIONS - (continued)** |  |
| **Internet - (continued)** | **Internet - (continued)** |  |
| 3615 | LiveOne Inc.<sup>\*</sup> | $2671 |
| 2123 | Lyft Inc., Class A Shares<sup>\*</sup> | 32355 |
| 29009 | Magnite Inc.<sup>\*</sup> | 474587 |
| 922 | Maplebear Inc.<sup>\*</sup> | 42108 |
| 1550 | Match Group Inc. | 46407 |
| 725 | MediaAlpha Inc., Class A Shares<sup>\*</sup> | 7395 |
| 1111 | Nerdy Inc.<sup>\*</sup> | 1900 |
| 5858 | Nextdoor Holdings Inc.<sup>\*</sup> | 8963 |
| 2424 | Open Lending Corp.<sup>\*</sup> | 4339 |
| 15963 | Opendoor Technologies Inc.<sup>\*</sup> | 10411 |
| 292 | OptimizeRx Corp.<sup>\*</sup> | 3545 |
| 3338 | Pinterest Inc., Class A Shares<sup>\*</sup> | 103845 |
| 1544 | Q2 Holdings Inc.<sup>\*</sup> | 135131 |
| 16015 | QuinStreet Inc.<sup>\*</sup> | 244549 |
| 83413 | RealReal Inc.<sup>\*</sup> | 471283 |
| 1036 | Revolve Group Inc., Class A Shares<sup>\*</sup> | 21342 |
| 36990 | Robinhood Markets Inc., Class A Shares<sup>\*</sup> | 2446889 |
| 759 | Roku Inc., Class A Shares<sup>\*</sup> | 54997 |
| 1061 | RumbleON Inc., Class B Shares<sup>\*</sup> | 1676 |
| 632 | Shutterstock Inc.<sup>(a)</sup> | 11660 |
| 3236 | Sprinklr Inc., Class A Shares<sup>\*</sup> | 27312 |
| 2392 | Stitch Fix Inc., Class A Shares<sup>\*</sup> | 10573 |
| 527 | TripAdvisor Inc.<sup>\*</sup> | 7504 |
| 3536 | TrueCar Inc.<sup>\*</sup> | 5127 |
| 513 | Trump Media & Technology Group Corp.<sup>\*(a)</sup> | 10942 |
| 182 | Tucows Inc., Class A Shares<sup>\*</sup> | 3531 |
| 3268 | Upwork Inc.<sup>\*</sup> | 50621 |
| 471 | VeriSign Inc. | 128333 |
| 2481 | Vivid Seats Inc., Class A Shares<sup>\*</sup> | 3870 |
| 547 | Wayfair Inc., Class A Shares<sup>\*</sup> | 22558 |
| 1734 | Yelp Inc., Class A Shares<sup>\*</sup> | 66187 |
| 1201 | Ziff Davis Inc.<sup>\*</sup> | 38960 |
| 288 | Zillow Group Inc., Class A Shares<sup>\*</sup> | 19057 |
| 867 | Zillow Group Inc., Class C Shares<sup>\*</sup> | 58184 |
|  | Total Internet | 8493150 |
| **Media - 0.2%** | **Media - 0.2%** |  |
| 1186 | AMC Networks Inc., Class A Shares<sup>\*</sup> | 7839 |
| 149 | Cable One Inc. | 21803 |
| 526 | Charter Communications Inc., Class A Shares<sup>\*</sup> | 208438 |
| 1114 | EW Scripps Co., Class A Shares<sup>\*</sup> | 2473 |
| 215 | FactSet Research Systems Inc. | 98526 |
| 1241 | Fox Corp., Class A Shares | 68181 |
| 781 | Fox Corp., Class B Shares | 39269 |
| 4539 | Gannett Co., Inc.<sup>\*</sup> | 16068 |
| 2846 | Gray Media Inc. | 11299 |
| 1923 | iHeartMedia Inc., Class A Shares<sup>\*</sup> | 2519 |
| 83 | Liberty Broadband Corp., Class A Shares<sup>\*</sup> | 7711 |
| 665 | Liberty Broadband Corp., Class C Shares<sup>\*</sup> | 62377 |
| 954 | Liberty Global Ltd., Class A Shares<sup>\*</sup> | 9187 |
| 921 | Liberty Global Ltd., Class C Shares<sup>\*</sup> | 9099 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **COMMUNICATIONS - (continued)** | **COMMUNICATIONS - (continued)** |  |
| **Media - (continued)** | **Media - (continued)** |  |
| 626 | Liberty Latin America Ltd., Class A Shares<sup>\*</sup> | $3074 |
| 3363 | Liberty Latin America Ltd., Class C Shares<sup>\*</sup> | 16815 |
| 126 | Liberty Media Corp.-Liberty Formula One, Class A Shares<sup>\*</sup> | 11103 |
| 1185 | Liberty Media Corp.-Liberty Formula One, Class C Shares<sup>\*</sup> | 114388 |
| 969 | New York Times Co., Class A Shares | 55349 |
| 2302 | News Corp., Class A Shares | 65008 |
| 654 | News Corp., Class B Shares | 21399 |
| 185 | Nexstar Media Group Inc., Class A Shares | 31528 |
| 3530 | Paramount Global, Class B Shares<sup>(a)</sup> | 42713 |
| 544 | Scholastic Corp. | 9395 |
| 784 | Sinclair Inc. | 11000 |
| 1170 | Sirius XM Holdings Inc. | 25366 |
| 685 | Sphere Entertainment Co.<sup>\*</sup> | 25824 |
| 4195 | TEGNA Inc. | 70140 |
| 1126 | Thryv Holdings Inc.<sup>\*</sup> | 14976 |
| 291 | Townsquare Media Inc., Class A Shares | 2008 |
| 13734 | Warner Bros Discovery Inc.<sup>\*</sup> | 136928 |
| 1024 | WideOpenWest Inc.<sup>\*</sup> | 4311 |
|  | Total Media | 1226114 |
| **Telecommunications - 1.7%** | **Telecommunications - 1.7%** |  |
| 1822 | A10 Networks Inc. | 31448 |
| 2127 | ADTRAN Holdings Inc.<sup>\*</sup> | 17080 |
| 233 | Anterix Inc.<sup>\*</sup> | 6195 |
| 29604 | Applied Digital Corp.<sup>\*(a)</sup> | 202195 |
| 3495 | AST SpaceMobile Inc., Class A Shares<sup>\*(a)</sup> | 80630 |
| 418 | ATN International Inc. | 5940 |
| 435 | Aviat Networks Inc.<sup>\*</sup> | 9331 |
| 805 | BlackSky Technology Inc., Class A Shares<sup>\*</sup> | 9008 |
| 4966 | Calix Inc.<sup>\*</sup> | 229628 |
| 792 | Ciena Corp.<sup>\*</sup> | 63407 |
| 287 | Clearfield Inc.<sup>\*</sup> | 10651 |
| 5504 | CommScope Holding Co., Inc.<sup>\*</sup> | 33244 |
| 45456 | Corning Inc. | 2254163 |
| 26328 | Credo Technology Group Holding Ltd.<sup>\*</sup> | 1604955 |
| 4214 | DigitalBridge Group Inc. | 46607 |
| 3240 | EchoStar Corp., Class A Shares<sup>\*</sup> | 57445 |
| 3334 | Extreme Networks Inc.<sup>\*</sup> | 52244 |
| 1479 | Frontier Communications Parent Inc.<sup>\*</sup> | 53584 |
| 1313 | Globalstar Inc.<sup>\*</sup> | 24238 |
| 1939 | Gogo Inc.<sup>\*</sup> | 20573 |
| 205713 | Harmonic Inc.<sup>\*</sup> | 1855531 |
| 387 | IDT Corp., Class B Shares | 23835 |
| 664 | InterDigital Inc. | 144261 |
| 674 | Iridium Communications Inc. | 17120 |
| 1825 | Juniper Networks Inc. | 65572 |
| 26485 | Lumen Technologies Inc.<sup>\*</sup> | 103821 |
| 4100 | Motorola Solutions Inc. | 1703058 |
| 700 | NETGEAR Inc.<sup>\*</sup> | 20531 |
| 563 | Ooma Inc.<sup>\*</sup> | 7685 |
| 26557 | Powerfleet Inc. NJ<sup>\*</sup> | 120834 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **COMMUNICATIONS - (continued)** | **COMMUNICATIONS - (continued)** |  |
| **Telecommunications - (continued)** | **Telecommunications - (continued)** |  |
| 54 | Preformed Line Products Co. | $7702 |
| 2118 | Ribbon Communications Inc.<sup>\*</sup> | 7159 |
| 1155 | Shenandoah Telecommunications Co. | 14530 |
| 397 | Spok Holdings Inc. | 6431 |
| 2706 | Telephone & Data Systems Inc. | 92978 |
| 24 | Ubiquiti Inc. | 9487 |
| 3201 | Viasat Inc.<sup>\*</sup> | 27945 |
| 181473 | Viavi Solutions Inc.<sup>\*</sup> | 1653219 |
|  | Total Telecommunications | 10694265 |
|  | **TOTAL COMMUNICATIONS** | **21091877** |
| **CONSUMER CYCLICAL - 10.3%** | **CONSUMER CYCLICAL - 10.3%** |  |
| **Airlines - 0.1%** | **Airlines - 0.1%** |  |
| 746 | Alaska Air Group Inc.<sup>\*</sup> | 37994 |
| 398 | Allegiant Travel Co.<sup>\*</sup> | 22121 |
| 3942 | American Airlines Group Inc.<sup>\*</sup> | 44978 |
| 3658 | Delta Air Lines Inc. | 177011 |
| 1497 | Frontier Group Holdings Inc.<sup>\*</sup> | 6018 |
| 8209 | JetBlue Airways Corp.<sup>\*</sup> | 41455 |
| 1037 | SkyWest Inc.<sup>\*</sup> | 105204 |
| 3375 | Southwest Airlines Co. | 112657 |
| 958 | Sun Country Airlines Holdings Inc.<sup>\*</sup> | 11094 |
| 1855 | United Airlines Holdings Inc.<sup>\*</sup> | 147370 |
| 4113 | Wheels Up Experience Inc.<sup>\*(a)</sup> | 5388 |
|  | Total Airlines | 711290 |
| **Apparel - 0.6%** | **Apparel - 0.6%** |  |
| 25685 | Birkenstock Holding PLC<sup>\*</sup> | 1381339 |
| 632 | Capri Holdings Ltd.<sup>\*</sup> | 11452 |
| 189 | Carter's Inc. | 5929 |
| 188 | Columbia Sportswear Co. | 11991 |
| 355 | Crocs Inc.<sup>\*</sup> | 36210 |
| 857 | Deckers Outdoor Corp.<sup>\*</sup> | 90431 |
| 9363 | Hanesbrands Inc.<sup>\*</sup> | 46347 |
| 1491 | Kontoor Brands Inc. | 102282 |
| 13182 | On Holding AG, Class A Shares<sup>\*</sup> | 782879 |
| 382 | Oxford Industries Inc. | 20506 |
| 329 | PVH Corp. | 27560 |
| 221 | Ralph Lauren Corp., Class A Shares | 61175 |
| 153 | Rocky Brands Inc. | 3481 |
| 792 | Skechers USA Inc., Class A Shares<sup>\*</sup> | 49136 |
| 34033 | Steven Madden Ltd. | 838913 |
| 552 | Superior Group of Cos., Inc. | 5443 |
| 1313 | Tapestry Inc. | 103136 |
| 683 | Torrid Holdings Inc.<sup>\*(a)</sup> | 3524 |
| 950 | Under Armour Inc., Class A Shares<sup>\*</sup> | 6374 |
| 948 | Under Armour Inc., Class C Shares<sup>\*</sup> | 5972 |
| 2095 | VF Corp. | 26104 |
| 202 | Weyco Group Inc. | 6335 |
| 18535 | Wolverine World Wide Inc. | 316207 |
|  | Total Apparel | 3942726 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Auto Manufacturers - 0.2%** | **Auto Manufacturers - 0.2%** |  |
| 5578 | Blue Bird Corp.<sup>\*</sup> | $215869 |
| 777 | Cummins Inc. | 249790 |
| 5001 | Hyliion Holdings Corp.<sup>\*</sup> | 7701 |
| 5564 | Lucid Group Inc., Class A Shares<sup>\*(a)</sup> | 12408 |
| 25142 | REV Group Inc. | 942574 |
| 4744 | Rivian Automotive Inc., Class A Shares<sup>\*</sup> | 68930 |
| 1100 | Wabash National Corp. | 9537 |
|  | Total Auto Manufacturers | 1506809 |
| **Auto Parts & Equipment - 0.6%** | **Auto Parts & Equipment - 0.6%** |  |
| 2351 | Adient PLC<sup>\*</sup> | 36652 |
| 527 | Aeva Technologies Inc.<sup>\*</sup> | 9628 |
| 527 | Allison Transmission Holdings Inc. | 54555 |
| 2783 | American Axle & Manufacturing Holdings Inc.<sup>\*</sup> | 12217 |
| 1322 | Aptiv PLC<sup>\*</sup> | 88323 |
| 25227 | Aurora Innovation Inc., Class A Shares<sup>\*</sup> | 152876 |
| 1205 | BorgWarner Inc. | 39873 |
| 584 | Commercial Vehicle Group Inc.<sup>\*</sup> | 759 |
| 350 | Cooper-Standard Holdings Inc.<sup>\*</sup> | 8064 |
| 3376 | Dana Inc. | 56143 |
| 15071 | Dorman Products Inc.<sup>\*</sup> | 1948831 |
| 544 | Douglas Dynamics Inc. | 14955 |
| 1105 | Fox Factory Holding Corp.<sup>\*</sup> | 28343 |
| 48870 | Gentex Corp. | 1054126 |
| 817 | Gentherm Inc.<sup>\*</sup> | 22357 |
| 7424 | Goodyear Tire & Rubber Co.<sup>\*</sup> | 84708 |
| 958 | Holley Inc.<sup>\*</sup> | 1859 |
| 5337 | indie Semiconductor Inc., Class A Shares<sup>\*(a)</sup> | 14143 |
| 334 | Lear Corp. | 30200 |
| 664 | Luminar Technologies Inc., Class A Shares<sup>\*</sup> | 2384 |
| 1230 | Methode Electronics Inc. | 9779 |
| 270 | Miller Industries Inc. | 12239 |
| 1145 | Phinia Inc. | 49693 |
| 2895 | QuantumScape Corp., Class A Shares<sup>\*</sup> | 11580 |
| 2261 | SES AI Corp.<sup>\*</sup> | 2055 |
| 765 | Shyft Group Inc. | 8025 |
| 6156 | Solid Power Inc.<sup>\*</sup> | 9603 |
| 522 | Standard Motor Products Inc. | 15817 |
| 1165 | Titan International Inc.<sup>\*</sup> | 8435 |
| 723 | Visteon Corp.<sup>\*</sup> | 61039 |
| 633 | XPEL Inc.<sup>\*</sup> | 22769 |
|  | Total Auto Parts & Equipment | 3872030 |
| **Distribution/Wholesale - 0.7%** | **Distribution/Wholesale - 0.7%** |  |
| 555 | A-Mark Precious Metals Inc. | 10950 |
| 34940 | Core & Main Inc., Class A Shares<sup>\*</sup> | 1915061 |
| 117 | EVI Industries Inc. | 2169 |
| 6516 | Fastenal Co. | 269372 |
| 1048 | G-III Apparel Group Ltd.<sup>\*</sup> | 30444 |
| 480 | Global Industrial Co. | 12504 |
| 899 | H&E Equipment Services Inc. | 85081 |
| 1597 | Hudson Technologies Inc.<sup>\*</sup> | 11419 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Distribution/Wholesale - (continued)** | **Distribution/Wholesale - (continued)** |  |
| 1451 | LKQ Corp. | $58722 |
| 2166 | MRC Global Inc.<sup>\*</sup> | 26880 |
| 2818 | OPENLANE Inc.<sup>\*</sup> | 64617 |
| 209 | Pool Corp. | 62823 |
| 3973 | Resideo Technologies Inc.<sup>\*</sup> | 82241 |
| 1622 | Rush Enterprises Inc., Class A Shares | 80532 |
| 207 | Rush Enterprises Inc., Class B Shares | 10809 |
| 631 | ScanSource Inc.<sup>\*</sup> | 25480 |
| 266 | SiteOne Landscape Supply Inc.<sup>\*</sup> | 31072 |
| 38135 | ThredUp Inc., Class A Shares<sup>\*</sup> | 274572 |
| 11139 | Titan Machinery Inc.<sup>\*</sup> | 208077 |
| 8070 | VSE Corp. | 1049826 |
| 195 | Watsco Inc. | 86496 |
| 233 | WESCO International Inc. | 39118 |
| 248 | WW Grainger Inc. | 269715 |
|  | Total Distribution/Wholesale | 4707980 |
| **Entertainment - 1.1%** | **Entertainment - 1.1%** |  |
| 1269 | Accel Entertainment Inc., Class A Shares<sup>\*</sup> | 14238 |
| 11090 | AMC Entertainment Holdings Inc., Class A Shares<sup>\*</sup> | 39480 |
| 238 | Atlanta Braves Holdings Inc., Class A Shares<sup>\*</sup> | 10341 |
| 1322 | Atlanta Braves Holdings Inc., Class C Shares<sup>\*</sup> | 53686 |
| 1295 | Caesars Entertainment Inc.<sup>\*</sup> | 34810 |
| 421 | Churchill Downs Inc. | 40193 |
| 2882 | Cinemark Holdings Inc. | 97325 |
| 2553 | DraftKings Inc., Class A Shares<sup>\*</sup> | 91602 |
| 2040 | Everi Holdings Inc.<sup>\*</sup> | 28784 |
| 105249 | Genius Sports Ltd.<sup>\*</sup> | 1009338 |
| 533 | Golden Entertainment Inc. | 15207 |
| 23280 | IMAX Corp.<sup>\*</sup> | 648348 |
| 3011 | International Game Technology PLC | 44292 |
| 107 | Liberty Media Corp.-Liberty Live, Class A Shares<sup>\*</sup> | 7689 |
| 263 | Liberty Media Corp.-Liberty Live, Class C Shares<sup>\*</sup> | 19186 |
| 543 | Light & Wonder Inc.<sup>\*</sup> | 48935 |
| 5478 | Lionsgate Studios Corp.<sup>\*</sup> | 39606 |
| 894 | Live Nation Entertainment Inc.<sup>\*</sup> | 122648 |
| 1025 | Madison Square Garden Entertainment Corp., Class A Shares<sup>\*</sup> | 38038 |
| 109 | Madison Square Garden Sports Corp.<sup>\*</sup> | 20698 |
| 197 | Marriott Vacations Worldwide Corp. | 12974 |
| 329 | Monarch Casino & Resort Inc. | 27551 |
| 859 | Penn Entertainment Inc.<sup>\*</sup> | 12739 |
| 515 | Pursuit Attractions & Hospitality Inc.<sup>\*</sup> | 14363 |
| 291 | RCI Hospitality Holdings Inc. | 11707 |
| 1304 | Red Rock Resorts Inc., Class A Shares | 62683 |
| 492 | Reservoir Media Inc.<sup>\*</sup> | 3838 |
| 83499 | Rush Street Interactive Inc.<sup>\*</sup> | 1059602 |
| 2423 | Six Flags Entertainment Corp. | 81316 |
| 59370 | Sportradar Group AG, Class A Shares<sup>\*</sup> | 1419537 |
| 317 | Starz Entertainment Corp.<sup>\*</sup> | 6644 |
| 4047 | Super Group SGHC Ltd. | 35371 |
| 10608 | TKO Group Holdings Inc., Class A Shares | 1674049 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Entertainment - (continued)** | **Entertainment - (continued)** |  |
| 795 | United Parks & Resorts Inc.<sup>\*</sup> | $35608 |
| 226 | Vail Resorts Inc. | 36198 |
| 705 | Webtoon Entertainment Inc.<sup>\*(a)</sup> | 6197 |
|  | Total Entertainment | 6924821 |
| **Food Service - 0.0%** | **Food Service - 0.0%** |  |
| 1582 | Aramark | 64071 |
| **Home Builders - 0.7%** | **Home Builders - 0.7%** |  |
| 756 | Beazer Homes USA Inc.<sup>\*</sup> | 15513 |
| 216 | Cavco Industries Inc.<sup>\*</sup> | 93657 |
| 741 | Century Communities Inc. | 38436 |
| 1407 | Champion Homes Inc.<sup>\*</sup> | 92018 |
| 1612 | DR Horton Inc. | 190313 |
| 683 | Dream Finders Homes Inc., Class A Shares<sup>\*</sup> | 14247 |
| 440 | Forestar Group Inc.<sup>\*</sup> | 8426 |
| 822 | Green Brick Partners Inc.<sup>\*</sup> | 48046 |
| 127 | Hovnanian Enterprises Inc., Class A Shares<sup>\*</sup> | 11466 |
| 11200 | Installed Building Products Inc. | 1786176 |
| 1755 | KB Home | 90523 |
| 808 | Landsea Homes Corp.<sup>\*</sup> | 9106 |
| 659 | LCI Industries | 57425 |
| 1303 | Lennar Corp., Class A Shares | 138222 |
| 91 | Lennar Corp., Class B Shares | 9218 |
| 551 | LGI Homes Inc.<sup>\*</sup> | 27605 |
| 712 | M/I Homes Inc.<sup>\*</sup> | 75906 |
| 1884 | Meritage Homes Corp. | 119841 |
| 16 | NVR Inc.<sup>\*</sup> | 113855 |
| 1153 | PulteGroup Inc. | 113029 |
| 2689 | Taylor Morrison Home Corp., Class A Shares<sup>\*</sup> | 151337 |
| 301 | Thor Industries Inc. | 24438 |
| 12756 | Toll Brothers Inc. | 1329813 |
| 2462 | Tri Pointe Homes Inc.<sup>\*</sup> | 72580 |
| 741 | Winnebago Industries Inc. | 25142 |
|  | Total Home Builders | 4656338 |
| **Home Furnishings - 0.5%** | **Home Furnishings - 0.5%** |  |
| 1228 | Arhaus Inc., Class A Shares<sup>\*</sup> | 11027 |
| 1220 | Daktronics Inc.<sup>\*</sup> | 18105 |
| 342 | Dolby Laboratories Inc., Class A Shares | 25397 |
| 554 | Ethan Allen Interiors Inc. | 14476 |
| 93 | Flexsteel Industries Inc. | 2824 |
| 224 | Hamilton Beach Brands Holding Co., Class A Shares | 4093 |
| 198 | Hooker Furnishings Corp. | 1944 |
| 1071 | iRobot Corp.<sup>\*</sup> | 3288 |
| 1105 | Leggett & Platt Inc. | 10011 |
| 309 | Lovesac Co.<sup>\*</sup> | 5914 |
| 1825 | MillerKnoll Inc. | 30788 |
| 1514 | Purple Innovation Inc., Class A Shares<sup>\*</sup> | 1206 |
| 9176 | SharkNinja Inc.<sup>\*</sup> | 843550 |
| 471 | Sleep Number Corp.<sup>\*</sup> | 5068 |
| 29127 | Somnigroup International Inc. | 1895003 |
| 3224 | Sonos Inc.<sup>\*</sup> | 33143 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Home Furnishings - (continued)** | **Home Furnishings - (continued)** |  |
| 2027 | Traeger Inc.<sup>\*</sup> | $2797 |
| 313 | Whirlpool Corp. | 24442 |
| 1443 | Xperi Inc.<sup>\*</sup> | 11241 |
|  | Total Home Furnishings | 2944317 |
| **Housewares - 0.0%** | **Housewares - 0.0%** |  |
| 441 | Lifetime Brands Inc. | 1469 |
| 2321 | Newell Brands Inc. | 12301 |
| 246 | Scotts Miracle-Gro Co. | 14652 |
|  | Total Housewares | 28422 |
| **Leisure Time - 1.1%** | **Leisure Time - 1.1%** |  |
| 762 | Acushnet Holdings Corp. | 51999 |
| 473 | Amer Sports Inc.<sup>\*</sup> | 17208 |
| 400 | Brunswick Corp. | 20248 |
| 5812 | Carnival Corp.<sup>\*</sup> | 134955 |
| 535 | Clarus Corp. | 1701 |
| 175 | Escalade Inc. | 2597 |
| 3211 | Global Business Travel Group I<sup>\*</sup> | 20069 |
| 704 | Harley-Davidson Inc. | 17044 |
| 98 | Johnson Outdoors Inc., Class A Shares | 2665 |
| 80736 | Life Time Group Holdings Inc.<sup>\*</sup> | 2309050 |
| 24100 | Lindblad Expeditions Holdings Inc.<sup>\*</sup> | 253050 |
| 281 | Livewire Group Inc.<sup>\*</sup> | 1264 |
| 517 | Malibu Boats Inc., Class A Shares<sup>\*</sup> | 15582 |
| 442 | Marine Products Corp. | 3673 |
| 354 | MasterCraft Boat Holdings Inc.<sup>\*</sup> | 6022 |
| 2437 | Norwegian Cruise Line Holdings Ltd.<sup>\*</sup> | 43013 |
| 33276 | OneSpaWorld Holdings Ltd. | 627585 |
| 9545 | Peloton Interactive Inc., Class A Shares<sup>\*</sup> | 67769 |
| 15428 | Planet Fitness Inc., Class A Shares<sup>\*</sup> | 1586461 |
| 298 | Polaris Inc. | 11688 |
| 1351 | Royal Caribbean Cruises Ltd. | 347166 |
| 9739 | Sabre Corp.<sup>\*</sup> | 24542 |
| 3694 | Topgolf Callaway Brands Corp.<sup>\*</sup> | 23420 |
| 18302 | Viking Holdings Ltd.<sup>\*</sup> | 817001 |
| 554 | Xponential Fitness Inc., Class A Shares<sup>\*</sup> | 4992 |
| 13288 | YETI Holdings Inc.<sup>\*</sup> | 406081 |
|  | Total Leisure Time | 6816845 |
| **Lodging - 0.5%** | **Lodging - 0.5%** |  |
| 404 | Boyd Gaming Corp. | 30288 |
| 157 | Choice Hotels International Inc. | 19889 |
| 578 | Full House Resorts Inc.<sup>\*</sup> | 1838 |
| 1806 | Hilton Grand Vacations Inc.<sup>\*</sup> | 68935 |
| 1365 | Hilton Worldwide Holdings Inc. | 339121 |
| 261 | Hyatt Hotels Corp., Class A Shares | 34460 |
| 54061 | Las Vegas Sands Corp. | 2225151 |
| 630 | Marcus Corp. | 11642 |
| 1407 | MGM Resorts International<sup>\*</sup> | 44531 |
| 385 | Travel + Leisure Co. | 18699 |
| 459 | Wyndham Hotels & Resorts Inc. | 37996 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Lodging - (continued)** | **Lodging - (continued)** |  |
| 559 | Wynn Resorts Ltd. | $50612 |
|  | Total Lodging | 2883162 |
| **Office Furnishings - 0.0%** | **Office Furnishings - 0.0%** |  |
| 1230 | HNI Corp. | 57232 |
| 1472 | Interface Inc., Class A Shares | 29573 |
| 2388 | Steelcase Inc., Class A Shares | 24620 |
| 491 | Virco Mfg. Corp. | 4129 |
|  | Total Office Furnishings | 115554 |
| **Retail - 4.2%** | **Retail - 4.2%** |  |
| 1297 | Abercrombie & Fitch Co., Class A Shares<sup>\*</sup> | 101802 |
| 1772 | Academy Sports & Outdoors Inc. | 72493 |
| 330 | Advance Auto Parts Inc. | 15817 |
| 4866 | American Eagle Outfitters Inc. | 53331 |
| 226 | America's Car-Mart Inc.<sup>\*</sup> | 11246 |
| 1938 | Arko Corp. | 8295 |
| 516 | Asbury Automotive Group Inc.<sup>\*</sup> | 117602 |
| 148 | AutoNation Inc.<sup>\*</sup> | 27210 |
| 1341 | Bath & Body Works Inc. | 37709 |
| 1199 | Best Buy Co., Inc. | 79470 |
| 18 | Biglari Holdings Inc., Class B Shares<sup>\*</sup> | 4449 |
| 474 | BJ's Restaurants Inc.<sup>\*</sup> | 21145 |
| 12844 | BJ's Wholesale Club Holdings Inc.<sup>\*</sup> | 1454069 |
| 4052 | Blink Charging Co.<sup>\*</sup> | 2849 |
| 2052 | Bloomin' Brands Inc. | 15657 |
| 212 | BlueLinx Holdings Inc.<sup>\*</sup> | 14187 |
| 6754 | Boot Barn Holdings Inc.<sup>\*</sup> | 1082734 |
| 1159 | Brinker International Inc.<sup>\*</sup> | 200078 |
| 803 | Buckle Inc. | 34216 |
| 337 | Build-A-Bear Workshop Inc. | 17200 |
| 358 | Burlington Stores Inc.<sup>\*</sup> | 81721 |
| 878 | Caleres Inc. | 11809 |
| 1520 | Camping World Holdings Inc., Class A Shares | 24715 |
| 865 | CarMax Inc.<sup>\*</sup> | 55758 |
| 12938 | Carvana Co., Class A Shares<sup>\*</sup> | 4232796 |
| 1750 | Casey's General Stores Inc. | 766080 |
| 11424 | Cava Group Inc.<sup>\*</sup> | 928428 |
| 26242 | Cheesecake Factory Inc. | 1447771 |
| 113 | Citi Trends Inc.<sup>\*</sup> | 2992 |
| 4002 | Clean Energy Fuels Corp.<sup>\*</sup> | 7164 |
| 569 | Cracker Barrel Old Country Store Inc. | 32683 |
| 664 | Darden Restaurants Inc. | 142235 |
| 837 | Dave & Buster's Entertainment Inc.<sup>\*</sup> | 18381 |
| 1927 | Denny's Corp.<sup>\*</sup> | 7361 |
| 1579 | Designer Brands Inc., Class A Shares | 5605 |
| 1057 | Destination XL Group Inc.<sup>\*</sup> | 1194 |
| 10139 | Dick's Sporting Goods Inc. | 1818328 |
| 16 | Dillard's Inc., Class A Shares | 6336 |
| 347 | Dine Brands Global Inc. | 8349 |
| 1243 | Dollar General Corp. | 120882 |
| 1141 | Dollar Tree Inc.<sup>\*</sup> | 102987 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Retail - (continued)** | **Retail - (continued)** |  |
| 1605 | Domino's Pizza Inc. | $760481 |
| 29537 | Dutch Bros Inc., Class A Shares<sup>\*</sup> | 2132571 |
| 562 | El Pollo Loco Holdings Inc.<sup>\*</sup> | 5901 |
| 3770 | EVgo Inc., Class A Shares<sup>\*</sup> | 14891 |
| 1137 | Ferguson Enterprises Inc. | 207321 |
| 1133 | First Watch Restaurant Group Inc.<sup>\*</sup> | 17494 |
| 1010 | FirstCash Holdings Inc. | 129189 |
| 321 | Five Below Inc.<sup>\*</sup> | 37419 |
| 636 | Floor & Decor Holdings Inc., Class A Shares<sup>\*</sup> | 45595 |
| 2198 | Foot Locker Inc.<sup>\*</sup> | 52224 |
| 277 | Freshpet Inc.<sup>\*</sup> | 22204 |
| 2196 | GameStop Corp., Class A Shares<sup>\*</sup> | 65441 |
| 1173 | Gap Inc. | 26170 |
| 285 | Genesco Inc.<sup>\*</sup> | 6193 |
| 785 | Genuine Parts Co. | 99318 |
| 1068 | GMS Inc.<sup>\*</sup> | 80880 |
| 2981 | Group 1 Automotive Inc. | 1263706 |
| 1089 | GrowGeneration Corp.<sup>\*</sup> | 1176 |
| 549 | Haverty Furniture Cos., Inc. | 11507 |
| 80 | J Jill Inc. | 1280 |
| 503 | Jack in the Box Inc. | 9539 |
| 916 | Kohl's Corp.<sup>(a)</sup> | 7447 |
| 4362 | Kura Sushi USA Inc., Class A Shares<sup>\*</sup> | 288154 |
| 1108 | La-Z-Boy Inc. | 46414 |
| 6213 | Leslie's Inc.<sup>\*</sup> | 4683 |
| 146 | Lithia Motors Inc., Class A Shares | 46269 |
| 1601 | Macy's Inc. | 19036 |
| 518 | MarineMax Inc.<sup>\*</sup> | 10982 |
| 583 | Movado Group Inc. | 9445 |
| 266 | MSC Industrial Direct Co., Inc., Class A Shares | 21599 |
| 4009 | Murphy USA Inc. | 1711001 |
| 30357 | National Vision Holdings Inc.<sup>\*</sup> | 601372 |
| 1123 | Nu Skin Enterprises Inc., Class A Shares | 9691 |
| 900 | ODP Corp.<sup>\*</sup> | 14805 |
| 11454 | Ollie's Bargain Outlet Holdings Inc.<sup>\*</sup> | 1276548 |
| 542 | ONE Group Hospitality Inc.<sup>\*</sup> | 1864 |
| 494 | OneWater Marine Inc., Class A Shares<sup>\*</sup> | 7296 |
| 873 | Papa John's International Inc. | 39503 |
| 861 | Patrick Industries Inc. | 73925 |
| 291 | PC Connection Inc. | 19031 |
| 105 | Penske Automotive Group Inc. | 17239 |
| 1883 | Petco Health & Wellness Co., Inc., Class A Shares<sup>\*</sup> | 6911 |
| 1650 | Portillo's Inc., Class A Shares<sup>\*</sup> | 19800 |
| 1026 | Potbelly Corp.<sup>\*</sup> | 10947 |
| 652 | PriceSmart Inc. | 70403 |
| 88 | RH<sup>\*</sup> | 15938 |
| 16053 | Ross Stores Inc. | 2248865 |
| 2681 | Sally Beauty Holdings Inc.<sup>\*</sup> | 23352 |
| 957 | Savers Value Village Inc.<sup>\*</sup> | 9589 |
| 996 | Shake Shack Inc., Class A Shares<sup>\*</sup> | 129271 |
| 442 | Shoe Carnival Inc. | 8495 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Retail - (continued)** | **Retail - (continued)** |  |
| 1141 | Signet Jewelers Ltd. | $75956 |
| 369 | Sonic Automotive Inc., Class A Shares | 25804 |
| 2845 | Sweetgreen Inc., Class A Shares<sup>\*</sup> | 38180 |
| 374 | Texas Roadhouse Inc., Class A Shares | 73009 |
| 505 | Tile Shop Holdings Inc.<sup>\*</sup> | 3217 |
| 412 | Tilly's Inc., Class A Shares<sup>\*</sup> | 589 |
| 3028 | Tractor Supply Co. | 146555 |
| 261 | Ulta Beauty Inc.<sup>\*</sup> | 123051 |
| 15253 | Urban Outfitters Inc.<sup>\*</sup> | 1066185 |
| 483 | Vera Bradley Inc.<sup>\*</sup> | 976 |
| 2078 | Victoria's Secret & Co.<sup>\*</sup> | 44074 |
| 4278 | Walgreens Boots Alliance Inc. | 48127 |
| 2464 | Warby Parker Inc., Class A Shares<sup>\*</sup> | 52163 |
| 992 | Wendy's Co. | 11309 |
| 689 | Williams-Sonoma Inc. | 111453 |
| 177 | Wingstop Inc. | 60481 |
| 75 | Winmark Corp. | 31861 |
| 1603 | Yum! Brands Inc. | 230736 |
| 637 | Zumiez Inc.<sup>\*</sup> | 7956 |
|  | Total Retail | 27107191 |
| **Textiles - 0.0%** | **Textiles - 0.0%** |  |
| 400 | UniFirst Corp. | 75424 |
| **Toys/Games/Hobbies - 0.0%** | **Toys/Games/Hobbies - 0.0%** |  |
| 720 | Funko Inc., Class A Shares<sup>\*</sup> | 3017 |
| 838 | Hasbro Inc. | 55903 |
| 154 | JAKKS Pacific Inc. | 3100 |
| 2023 | Mattel Inc.<sup>\*</sup> | 38315 |
|  | Total Toys/Games/Hobbies | 100335 |
|  | **TOTAL CONSUMER CYCLICAL** | **66457315** |
| **CONSUMER NON-CYCLICAL - 20.1%** | **CONSUMER NON-CYCLICAL - 20.1%** |  |
| **Agriculture - 0.1%** | **Agriculture - 0.1%** |  |
| 131 | Alico Inc. | 4225 |
| 853 | Andersons Inc. | 30290 |
| 2700 | Archer-Daniels-Midland Co. | 130329 |
| 743 | Bunge Global SA | 58065 |
| 944 | Darling Ingredients Inc.<sup>\*</sup> | 29415 |
| 1944 | Dole PLC | 27527 |
| 871 | Fresh Del Monte Produce Inc. | 30764 |
| 391 | Ispire Technology Inc.<sup>\*</sup> | 985 |
| 392 | Limoneira Co. | 6190 |
| 464 | Tejon Ranch Co.<sup>\*</sup> | 7744 |
| 432 | Turning Point Brands Inc. | 32106 |
| 623 | Universal Corp. | 40738 |
| 10822 | Vital Farms Inc.<sup>\*</sup> | 344573 |
|  | Total Agriculture | 742951 |
| **Beverages - 1.1%** | **Beverages - 1.1%** |  |
| 50 | Boston Beer Co., Inc., Class A Shares<sup>\*</sup> | 11493 |
| 2109 | BRC Inc., Class A Shares<sup>\*</sup> | 3775 |
| 240 | Brown-Forman Corp., Class A Shares | 7975 |
| 1033 | Brown-Forman Corp., Class B Shares | 34440 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Beverages - (continued)** | **Beverages - (continued)** |  |
| 23242 | Celsius Holdings Inc.<sup>\*</sup> | $880407 |
| 360 | Coca-Cola Consolidated Inc. | 41274 |
| 9700 | Constellation Brands Inc., Class A Shares | 1729413 |
| 9024 | MGP Ingredients Inc. | 265486 |
| 953 | Molson Coors Beverage Co., Class B Shares | 51071 |
| 605 | National Beverage Corp. | 27364 |
| 90491 | Primo Brands Corp., Class A Shares | 2992537 |
| 31476 | Vita Coco Co., Inc.<sup>\*</sup> | 1120231 |
| 1130 | Westrock Coffee Co.<sup>\*</sup> | 7775 |
|  | Total Beverages | 7173241 |
| **Biotechnology - 4.3%** | **Biotechnology - 4.3%** |  |
| 1848 | 4D Molecular Therapeutics Inc.<sup>\*</sup> | 6690 |
| 3071 | 89bio Inc.<sup>\*</sup> | 30219 |
| 1823 | Absci Corp.<sup>\*</sup> | 4831 |
| 3143 | ACADIA Pharmaceuticals Inc.<sup>\*</sup> | 67795 |
| 1584 | Achieve Life Sciences Inc.<sup>\*</sup> | 5671 |
| 576 | Acrivon Therapeutics Inc.<sup>\*</sup> | 605 |
| 1121 | Actinium Pharmaceuticals Inc.<sup>\*</sup> | 1726 |
| 2120 | Acumen Pharmaceuticals Inc.<sup>\*</sup> | 2162 |
| 3124 | ADC Therapeutics SA<sup>\*</sup> | 9653 |
| 28557 | ADMA Biologics Inc.<sup>\*</sup> | 566571 |
| 985 | Adverum Biotechnologies Inc.<sup>\*</sup> | 2187 |
| 841 | Agenus Inc.<sup>\*</sup> | 2885 |
| 2046 | Akero Therapeutics Inc.<sup>\*</sup> | 101584 |
| 1104 | Aldeyra Therapeutics Inc.<sup>\*</sup> | 2374 |
| 3487 | Allogene Therapeutics Inc.<sup>\*</sup> | 4080 |
| 5991 | Alnylam Pharmaceuticals Inc.<sup>\*</sup> | 1824619 |
| 1655 | Altimmune Inc.<sup>\*</sup> | 8987 |
| 460 | Alto Neuroscience Inc.<sup>\*</sup> | 1187 |
| 1811 | Alumis Inc.<sup>\*</sup> | 6339 |
| 907 | ALX Oncology Holdings Inc.<sup>\*</sup> | 440 |
| 7821 | Amicus Therapeutics Inc.<sup>\*</sup> | 47473 |
| 707 | AnaptysBio Inc.<sup>\*</sup> | 15717 |
| 2026 | Anavex Life Sciences Corp.<sup>\*(a)</sup> | 15256 |
| 476 | ANI Pharmaceuticals Inc.<sup>\*</sup> | 27951 |
| 3027 | Annexon Inc.<sup>\*</sup> | 6175 |
| 585 | Apellis Pharmaceuticals Inc.<sup>\*</sup> | 9904 |
| 44352 | Apogee Therapeutics Inc.<sup>\*</sup> | 1625057 |
| 3090 | Applied Therapeutics Inc.<sup>\*</sup> | 1092 |
| 3443 | Arbutus Biopharma Corp.<sup>\*</sup> | 11568 |
| 1202 | Arcellx Inc.<sup>\*</sup> | 74596 |
| 525 | Arcturus Therapeutics Holdings Inc.<sup>\*</sup> | 6578 |
| 1379 | Arcus Biosciences Inc.<sup>\*</sup> | 12314 |
| 42991 | Arcutis Biotherapeutics Inc.<sup>\*</sup> | 560603 |
| 6049 | Ardelyx Inc.<sup>\*</sup> | 22200 |
| 1904 | Argenx SE, ADR<sup>\*</sup> | 1091487 |
| 714 | ArriVent Biopharma Inc.<sup>\*</sup> | 15173 |
| 3159 | Arrowhead Pharmaceuticals Inc.<sup>\*</sup> | 50765 |
| 1210 | ARS Pharmaceuticals Inc.<sup>\*</sup> | 17460 |
| 500 | Artiva Biotherapeutics Inc.<sup>\*</sup> | 965 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Biotechnology - (continued)** | **Biotechnology - (continued)** |  |
| 53298 | Astria Therapeutics Inc.<sup>\*</sup> | $253698 |
| 3052 | Atea Pharmaceuticals Inc.<sup>\*</sup> | 9064 |
| 6130 | Atossa Therapeutics Inc.<sup>\*</sup> | 4764 |
| 1446 | Aura Biosciences Inc.<sup>\*</sup> | 8474 |
| 3437 | Aurinia Pharmaceuticals Inc.<sup>\*</sup> | 26946 |
| 3122 | Avidity Biosciences Inc.<sup>\*</sup> | 96720 |
| 963 | Axsome Therapeutics Inc.<sup>\*</sup> | 101269 |
| 2416 | Beam Therapeutics Inc.<sup>\*</sup> | 38245 |
| 521 | Bicara Therapeutics Inc.<sup>\*</sup> | 4819 |
| 33659 | BioCryst Pharmaceuticals Inc.<sup>\*</sup> | 361834 |
| 823 | Biogen Inc.<sup>\*</sup> | 106817 |
| 2320 | Biohaven Ltd.<sup>\*</sup> | 34359 |
| 1057 | BioMarin Pharmaceutical Inc.<sup>\*</sup> | 61380 |
| 768 | Biomea Fusion Inc.<sup>\*</sup> | 1106 |
| 115 | Bio-Rad Laboratories Inc., Class A Shares<sup>\*</sup> | 26097 |
| 1685 | Black Diamond Therapeutics Inc.<sup>\*</sup> | 3707 |
| 1672 | Blueprint Medicines Corp.<sup>\*</sup> | 169457 |
| 28084 | Bridgebio Pharma Inc.<sup>\*</sup> | 961877 |
| 2451 | C4 Therapeutics Inc.<sup>\*</sup> | 3064 |
| 1236 | Cabaletta Bio Inc.<sup>\*</sup> | 2311 |
| 450 | Candel Therapeutics Inc.<sup>\*</sup> | 2453 |
| 797 | Capricor Therapeutics Inc.<sup>\*</sup> | 7882 |
| 778 | Cardiff Oncology Inc.<sup>\*(a)</sup> | 2653 |
| 1223 | Cargo Therapeutics Inc.<sup>\*</sup> | 5198 |
| 2989 | Caribou Biosciences Inc.<sup>\*</sup> | 3168 |
| 326 | Cartesian Therapeutics Inc.<sup>\*(a)</sup> | 3117 |
| 1044 | Cassava Sciences Inc.<sup>\*</sup> | 2098 |
| 715 | Celcuity Inc.<sup>\*</sup> | 7600 |
| 1694 | Celldex Therapeutics Inc.<sup>\*</sup> | 33507 |
| 1384 | Century Therapeutics Inc.<sup>\*</sup> | 734 |
| 12396 | Certara Inc.<sup>\*</sup> | 140819 |
| 303 | CervoMed Inc.<sup>\*</sup> | 2188 |
| 1485 | CG oncology Inc.<sup>\*</sup> | 38046 |
| 721 | Cibus Inc., Class A Shares<sup>\*</sup> | 2329 |
| 1048 | Climb Bio Inc.<sup>\*</sup> | 1237 |
| 2360 | Cogent Biosciences Inc.<sup>\*</sup> | 12838 |
| 3209 | Compass Therapeutics Inc.<sup>\*</sup> | 6739 |
| 329 | Contineum Therapeutics Inc., Class A Shares<sup>\*</sup> | 1204 |
| 1073 | Contra Alimera Science<sup>\*(b)(c)</sup> | 43 |
| 3915 | Corteva Inc. | 277182 |
| 124440 | Crinetics Pharmaceuticals Inc.<sup>\*</sup> | 3796664 |
| 1309 | Cullinan Therapeutics Inc.<sup>\*</sup> | 11316 |
| 3278 | Cytek Biosciences Inc.<sup>\*</sup> | 9080 |
| 3067 | Cytokinetics Inc.<sup>\*</sup> | 95138 |
| 1308 | Day One Biopharmaceuticals Inc.<sup>\*</sup> | 8345 |
| 3311 | Denali Therapeutics Inc.<sup>\*</sup> | 43838 |
| 1536 | Design Therapeutics Inc.<sup>\*</sup> | 5729 |
| 596 | Dianthus Therapeutics Inc.<sup>\*</sup> | 10364 |
| 626 | Disc Medicine Inc., Class A Shares<sup>\*</sup> | 29222 |
| 3447 | Dynavax Technologies Corp.<sup>\*</sup> | 33746 |
| 2136 | Dyne Therapeutics Inc.<sup>\*</sup> | 25547 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Biotechnology - (continued)** | **Biotechnology - (continued)** |  |
| 21942 | Edgewise Therapeutics Inc.<sup>\*</sup> | $313332 |
| 2959 | Editas Medicine Inc.<sup>\*</sup> | 5089 |
| 2585 | Elevation Oncology Inc.<sup>\*</sup> | 776 |
| 543 | Entrada Therapeutics Inc.<sup>\*</sup> | 4127 |
| 4782 | Erasca Inc.<sup>\*</sup> | 6695 |
| 4211 | Esperion Therapeutics Inc.<sup>\*</sup> | 3579 |
| 1358 | Evolus Inc.<sup>\*</sup> | 12480 |
| 29566 | Exelixis Inc.<sup>\*</sup> | 1272521 |
| 1774 | EyePoint Pharmaceuticals Inc.<sup>\*</sup> | 12844 |
| 3093 | Fate Therapeutics Inc.<sup>\*</sup> | 3743 |
| 1287 | Fibrobiologics Inc.<sup>\*</sup> | 939 |
| 1029 | Generation Bio Co.<sup>\*</sup> | 389 |
| 15412 | Geron Corp.<sup>\*</sup> | 23426 |
| 205 | GRAIL Inc.<sup>\*</sup> | 7874 |
| 331 | Greenwich Lifesciences Inc.<sup>\*</sup> | 3260 |
| 43705 | Guardant Health Inc.<sup>\*</sup> | 1775297 |
| 3281 | Halozyme Therapeutics Inc.<sup>\*</sup> | 183966 |
| 739 | Harvard Bioscience Inc.<sup>\*</sup> | 345 |
| 974 | HilleVax Inc.<sup>\*</sup> | 1821 |
| 3124 | Humacyte Inc.<sup>\*</sup> | 8341 |
| 2375 | Ideaya Biosciences Inc.<sup>\*</sup> | 47239 |
| 542 | IGM Biosciences Inc.<sup>\*</sup> | 688 |
| 895 | Illumina Inc.<sup>\*</sup> | 73605 |
| 4803 | ImmunityBio Inc.<sup>\*</sup> | 12776 |
| 1945 | Immunome Inc.<sup>\*</sup> | 17038 |
| 1523 | Immunovant Inc.<sup>\*</sup> | 22617 |
| 965 | Incyte Corp.<sup>\*</sup> | 62783 |
| 489 | Inhibrx Biosciences Inc.<sup>\*</sup> | 6587 |
| 650 | Inmune Bio Inc.<sup>\*</sup> | 4797 |
| 1425 | Innoviva Inc.<sup>\*</sup> | 27887 |
| 1121 | Inovio Pharmaceuticals Inc.<sup>\*</sup> | 2242 |
| 1875 | Inozyme Pharma Inc.<sup>\*</sup> | 7444 |
| 11686 | Insmed Inc.<sup>\*</sup> | 814865 |
| 2508 | Intellia Therapeutics Inc.<sup>\*</sup> | 17230 |
| 1293 | Invivyd Inc.<sup>\*</sup> | 1209 |
| 931 | Ionis Pharmaceuticals Inc.<sup>\*</sup> | 31198 |
| 7637 | Iovance Biotherapeutics Inc.<sup>\*</sup> | 13365 |
| 1052 | iTeos Therapeutics Inc.<sup>\*</sup> | 10541 |
| 7 | Jade Biosciences Inc. | 51 |
| 917 | Janux Therapeutics Inc.<sup>\*</sup> | 21825 |
| 484 | Jasper Therapeutics Inc.<sup>\*</sup> | 2662 |
| 773 | Keros Therapeutics Inc.<sup>\*</sup> | 10938 |
| 24801 | Kiniksa Pharmaceuticals International PLC, Class A Shares<sup>\*</sup> | 678555 |
| 584 | Kodiak Sciences Inc.<sup>\*</sup> | 1986 |
| 3812 | Korro Bio Inc.<sup>\*</sup> | 43533 |
| 682 | Krystal Biotech Inc.<sup>\*</sup> | 85905 |
| 1878 | Kura Oncology Inc.<sup>\*</sup> | 10686 |
| 1272 | Kymera Therapeutics Inc.<sup>\*</sup> | 37702 |
| 835 | Kyverna Therapeutics Inc.<sup>\*</sup> | 2129 |
| 1737 | Larimar Therapeutics Inc.<sup>\*</sup> | 3908 |
| 446 | LENZ Therapeutics Inc.<sup>\*</sup> | 13023 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Biotechnology - (continued)** | **Biotechnology - (continued)** |  |
| 458 | Lexeo Therapeutics Inc.<sup>\*</sup> | $1246 |
| 2353 | Lexicon Pharmaceuticals Inc.<sup>\*</sup> | 1474 |
| 6433 | Ligand Pharmaceuticals Inc.<sup>\*</sup> | 657388 |
| 2263 | Lineage Cell Therapeutics Inc.<sup>\*</sup> | 1504 |
| 1820 | Liquidia Corp.<sup>\*</sup> | 27154 |
| 2129 | MacroGenics Inc.<sup>\*</sup> | 2895 |
| 2798 | Maravai LifeSciences Holdings Inc., Class A Shares<sup>\*</sup> | 6296 |
| 25434 | MBX Biosciences Inc.<sup>\*</sup> | 315890 |
| 1494 | MeiraGTx Holdings PLC<sup>\*</sup> | 7649 |
| 3732 | Mersana Therapeutics Inc.<sup>\*</sup> | 1283 |
| 423 | Metsera Inc.<sup>\*(a)</sup> | 11303 |
| 64343 | Mind Medicine MindMed Inc.<sup>\*(a)</sup> | 467130 |
| 606 | Mineralys Therapeutics Inc.<sup>\*</sup> | 9441 |
| 199 | Mirati Therapeutics Inc.<sup>\*(b)(c)</sup> | 139 |
| 950 | Monte Rosa Therapeutics Inc.<sup>\*</sup> | 3971 |
| 2357 | Myriad Genetics Inc.<sup>\*</sup> | 9876 |
| 7920 | Nektar Therapeutics, Class A Shares<sup>\*</sup> | 5738 |
| 3348 | NeoGenomics Inc.<sup>\*</sup> | 24373 |
| 2766 | Neumora Therapeutics Inc.<sup>\*</sup> | 1981 |
| 1498 | Niagen Bioscience Inc.<sup>\*</sup> | 16208 |
| 2164 | Nkarta Inc.<sup>\*</sup> | 3765 |
| 4327 | Novavax Inc.<sup>\*</sup> | 31760 |
| 1901 | Nurix Therapeutics Inc.<sup>\*</sup> | 20208 |
| 966 | Nuvalent Inc., Class A Shares<sup>\*</sup> | 72073 |
| 5681 | Nuvation Bio Inc.<sup>\*</sup> | 12044 |
| 1571 | Olema Pharmaceuticals Inc.<sup>\*</sup> | 8295 |
| 1323 | Omeros Corp.<sup>\*</sup> | 4088 |
| 2438 | Organogenesis Holdings Inc., Class A Shares<sup>\*</sup> | 6680 |
| 1088 | Ovid Therapeutics Inc.<sup>\*</sup> | 296 |
| 653 | PepGen Inc.<sup>\*</sup> | 953 |
| 1850 | Perspective Therapeutics Inc.<sup>\*</sup> | 4755 |
| 1253 | Phathom Pharmaceuticals Inc.<sup>\*</sup> | 5325 |
| 1441 | Pliant Therapeutics Inc.<sup>\*</sup> | 1945 |
| 10256 | Praxis Precision Medicines Inc.<sup>\*</sup> | 395369 |
| 2488 | Precigen Inc.<sup>\*</sup> | 3284 |
| 905 | Prelude Therapeutics Inc.<sup>\*</sup> | 802 |
| 2350 | Prime Medicine Inc.<sup>\*</sup> | 2773 |
| 4922 | ProKidney Corp., Class A Shares<sup>\*</sup> | 3558 |
| 1032 | Prothena Corp. PLC<sup>\*</sup> | 4737 |
| 17591 | PTC Therapeutics Inc.<sup>\*</sup> | 853515 |
| 2018 | Puma Biotechnology Inc.<sup>\*</sup> | 6619 |
| 2269 | Pyxis Oncology Inc.<sup>\*</sup> | 2746 |
| 215 | Q32 Bio Inc.<sup>\*</sup> | 372 |
| 331 | Rapport Therapeutics Inc.<sup>\*</sup> | 2737 |
| 540 | RAPT Therapeutics Inc.<sup>\*</sup> | 478 |
| 6759 | Recursion Pharmaceuticals Inc., Class A Shares<sup>\*(a)</sup> | 28253 |
| 1455 | REGENXBIO Inc.<sup>\*</sup> | 12877 |
| 3206 | Relay Therapeutics Inc.<sup>\*</sup> | 9618 |
| 3049 | Renovaro Inc.<sup>\*</sup> | 944 |
| 1856 | Replimune Group Inc.<sup>\*</sup> | 16667 |
| 4479 | REVOLUTION Medicines Inc.<sup>\*</sup> | 176473 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Biotechnology - (continued)** | **Biotechnology - (continued)** |  |
| 515 | Rigel Pharmaceuticals Inc.<sup>\*</sup> | $9888 |
| 1696 | Rocket Pharmaceuticals Inc.<sup>\*</sup> | 4257 |
| 2508 | Roivant Sciences Ltd.<sup>\*</sup> | 27563 |
| 2166 | Royalty Pharma PLC, Class A Shares | 71218 |
| 1861 | Sage Therapeutics Inc.<sup>\*</sup> | 12022 |
| 3020 | Sana Biotechnology Inc.<sup>\*(a)</sup> | 6553 |
| 549 | Sarepta Therapeutics Inc.<sup>\*</sup> | 20642 |
| 3419 | Savara Inc.<sup>\*</sup> | 7795 |
| 21001 | Scholar Rock Holding Corp.<sup>\*</sup> | 609239 |
| 33452 | Septerna Inc.<sup>\*(a)</sup> | 309431 |
| 1842 | Shattuck Labs Inc.<sup>\*</sup> | 1860 |
| 693 | Soleno Therapeutics Inc.<sup>\*</sup> | 50832 |
| 1101 | Solid Biosciences Inc.<sup>\*</sup> | 3534 |
| 1793 | SpringWorks Therapeutics Inc.<sup>\*</sup> | 83751 |
| 778 | Stoke Therapeutics Inc.<sup>\*</sup> | 7422 |
| 13815 | Structure Therapeutics Inc., ADR<sup>\*</sup> | 300614 |
| 2492 | Summit Therapeutics Inc.<sup>\*</sup> | 45392 |
| 3490 | Sutro Biopharma Inc.<sup>\*</sup> | 3133 |
| 2149 | Syndax Pharmaceuticals Inc.<sup>\*</sup> | 22650 |
| 1655 | Tango Therapeutics Inc.<sup>\*</sup> | 3674 |
| 16788 | Tarsus Pharmaceuticals Inc.<sup>\*</sup> | 721045 |
| 4163 | Taysha Gene Therapies Inc.<sup>\*</sup> | 11282 |
| 1104 | Tenaya Therapeutics Inc.<sup>\*</sup> | 508 |
| 2299 | Terns Pharmaceuticals Inc.<sup>\*</sup> | 7150 |
| 3661 | TG Therapeutics Inc.<sup>\*</sup> | 128538 |
| 1308 | Theravance Biopharma Inc.<sup>\*</sup> | 11981 |
| 840 | Third Harmonic Bio Inc.<sup>\*</sup> | 4376 |
| 719 | Tourmaline Bio Inc.<sup>\*</sup> | 11993 |
| 19833 | Travere Therapeutics Inc.<sup>\*</sup> | 297892 |
| 1644 | TScan Therapeutics Inc.<sup>\*</sup> | 2351 |
| 429 | Tyra Biosciences Inc.<sup>\*</sup> | 3904 |
| 529 | Ultragenyx Pharmaceutical Inc.<sup>\*</sup> | 18002 |
| 245 | United Therapeutics Corp.<sup>\*</sup> | 78118 |
| 470 | Upstream Bio Inc.<sup>\*</sup> | 4338 |
| 907 | UroGen Pharma Ltd.<sup>\*</sup> | 3846 |
| 1806 | Ventyx Biosciences Inc.<sup>\*</sup> | 3070 |
| 1198 | Vera Therapeutics Inc., Class A Shares<sup>\*</sup> | 22702 |
| 2137 | Veracyte Inc.<sup>\*</sup> | 56866 |
| 1463 | Verastem Inc.<sup>\*</sup> | 11002 |
| 1270 | Vericel Corp.<sup>\*</sup> | 52445 |
| 6739 | Veru Inc.<sup>\*</sup> | 3425 |
| 1681 | Verve Therapeutics Inc.<sup>\*</sup> | 7480 |
| 631 | Viking Therapeutics Inc.<sup>\*</sup> | 16911 |
| 2217 | Vir Biotechnology Inc.<sup>\*</sup> | 10952 |
| 2054 | Viridian Therapeutics Inc.<sup>\*</sup> | 28592 |
| 60362 | WaVe Life Sciences Ltd.<sup>\*</sup> | 362776 |
| 1749 | Werewolf Therapeutics Inc.<sup>\*</sup> | 2116 |
| 106 | X4 Pharmaceuticals Inc.<sup>\*</sup> | 360 |
| 952 | XBiotech Inc.<sup>\*</sup> | 2713 |
| 1886 | Xencor Inc.<sup>\*</sup> | 15088 |
| 59397 | Xenon Pharmaceuticals Inc.<sup>\*</sup> | 1713603 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Biotechnology - (continued)** | **Biotechnology - (continued)** |  |
| 186 | XOMA Royalty Corp.<sup>\*</sup> | $4605 |
| 422 | Zenas Biopharma Inc.<sup>\*</sup> | 4017 |
| 2079 | Zentalis Pharmaceuticals Inc.<sup>\*</sup> | 2516 |
| 1220 | Zevra Therapeutics Inc.<sup>\*</sup> | 10431 |
| 1239 | Zura Bio Ltd., Class A Shares<sup>\*</sup> | 1251 |
| 1409 | Zymeworks Inc.<sup>\*</sup> | 16105 |
|  | Total Biotechnology | 27409597 |
| **Commercial Services - 5.3%** | **Commercial Services - 5.3%** |  |
| 1685 | ABM Industries Inc. | 88715 |
| 668 | Acacia Research Corp.<sup>\*</sup> | 2492 |
| 1989 | ADT Inc. | 16548 |
| 984 | Adtalem Global Education Inc.<sup>\*</sup> | 129917 |
| 29028 | Affirm Holdings Inc., Class A Shares<sup>\*</sup> | 1506553 |
| 727 | AirSculpt Technologies Inc.<sup>\*</sup> | 3206 |
| 1280 | Alarm.com Holdings Inc.<sup>\*</sup> | 73472 |
| 11281 | Alight Inc., Class A Shares | 61594 |
| 1158 | Alta Equipment Group Inc. | 5500 |
| 348 | American Public Education Inc.<sup>\*</sup> | 10249 |
| 989 | AMN Healthcare Services Inc.<sup>\*</sup> | 20878 |
| 1365 | API Group Corp.<sup>\*</sup> | 63705 |
| 76336 | Arlo Technologies Inc.<sup>\*</sup> | 1093131 |
| 89 | Avis Budget Group Inc.<sup>\*</sup> | 10839 |
| 654 | Barrett Business Services Inc. | 27027 |
| 3154 | Block Inc., Class A Shares<sup>\*</sup> | 194759 |
| 711 | Booz Allen Hamilton Holding Corp., Class A Shares | 75544 |
| 346 | Bright Horizons Family Solutions Inc.<sup>\*</sup> | 44703 |
| 66106 | BrightView Holdings Inc.<sup>\*</sup> | 1029931 |
| 1203 | Brink's Co. | 98718 |
| 988 | Cadiz Inc.<sup>\*</sup> | 2910 |
| 326 | Carriage Services Inc., Class A Shares | 14181 |
| 325 | Cass Information Systems Inc. | 13747 |
| 1317 | CBIZ Inc.<sup>\*</sup> | 95140 |
| 4052 | Chegg Inc.<sup>\*</sup> | 4133 |
| 447 | Cimpress PLC<sup>\*</sup> | 19784 |
| 2196 | Clarivate PLC<sup>\*</sup> | 9267 |
| 828 | CompoSecure Inc., Class A Shares<sup>\*</sup> | 11352 |
| 2828 | CoreCivic Inc.<sup>\*</sup> | 62103 |
| 382 | Corpay Inc.<sup>\*</sup> | 124192 |
| 3716 | Coursera Inc.<sup>\*</sup> | 32887 |
| 237 | CPI Card Group Inc.<sup>\*</sup> | 5276 |
| 171 | CRA International Inc. | 32499 |
| 876 | Cross Country Healthcare Inc.<sup>\*</sup> | 11546 |
| 999 | Custom Truck One Source Inc.<sup>\*</sup> | 4296 |
| 1122 | Deluxe Corp. | 16011 |
| 390 | Distribution Solutions Group Inc.<sup>\*</sup> | 10627 |
| 465 | DLH Holdings Corp.<sup>\*</sup> | 2325 |
| 21314 | Driven Brands Holdings Inc.<sup>\*</sup> | 379815 |
| 1694 | Dun & Bradstreet Holdings Inc. | 15263 |
| 422 | Emerald Holding Inc. | 1933 |
| 603 | Ennis Inc. | 11258 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Commercial Services - (continued)** | **Commercial Services - (continued)** |  |
| 698 | Equifax Inc. | $184405 |
| 253 | Euronet Worldwide Inc.<sup>\*</sup> | 27395 |
| 1262 | European Wax Center Inc., Class A Shares<sup>\*</sup> | 6424 |
| 1703 | EVERTEC Inc. | 61700 |
| 1618 | First Advantage Corp.<sup>\*</sup> | 27700 |
| 3399 | FiscalNote Holdings Inc.<sup>\*</sup> | 2037 |
| 3188 | Flywire Corp.<sup>\*</sup> | 34271 |
| 219 | Forrester Research Inc.<sup>\*</sup> | 2328 |
| 253 | Franklin Covey Co.<sup>\*</sup> | 5915 |
| 210 | FTI Consulting Inc.<sup>\*</sup> | 34474 |
| 3446 | GEO Group Inc.<sup>\*</sup> | 93524 |
| 1439 | Global Payments Inc. | 108803 |
| 83 | Graham Holdings Co., Class B Shares | 79216 |
| 6938 | Grand Canyon Education Inc.<sup>\*</sup> | 1372649 |
| 1759 | Green Dot Corp., Class A Shares<sup>\*</sup> | 16253 |
| 702 | GXO Logistics Inc.<sup>\*</sup> | 28880 |
| 834 | H&R Block Inc. | 47496 |
| 683 | Hackett Group Inc. | 16747 |
| 1863 | Healthcare Services Group Inc.<sup>\*</sup> | 26268 |
| 509 | Heidrick & Struggles International Inc. | 22223 |
| 736 | Herc Holdings Inc. | 91264 |
| 3605 | Hertz Global Holdings Inc.<sup>\*</sup> | 23613 |
| 320 | HireQuest Inc. | 3203 |
| 26108 | Huron Consulting Group Inc.<sup>\*</sup> | 3729006 |
| 497 | ICF International Inc. | 42702 |
| 616 | Information Services Group Inc. | 2907 |
| 954 | Insperity Inc. | 61743 |
| 1116 | John Wiley & Sons Inc., Class A Shares | 43658 |
| 716 | Kelly Services Inc., Class A Shares | 8391 |
| 481 | Kforce Inc. | 19625 |
| 753 | KinderCare Learning Cos., Inc.<sup>\*</sup> | 9239 |
| 27034 | Korn Ferry | 1838582 |
| 3549 | Laureate Education Inc., Class A Shares<sup>\*</sup> | 79852 |
| 3533 | Legalzoom.com Inc.<sup>\*</sup> | 32256 |
| 756 | Lifecore Biomedical Inc.<sup>\*</sup> | 5118 |
| 601 | Lincoln Educational Services Corp.<sup>\*</sup> | 14304 |
| 269 | ManpowerGroup Inc. | 11285 |
| 224 | MarketAxess Holdings Inc. | 48476 |
| 12374 | Marqeta Inc., Class A Shares<sup>\*</sup> | 66572 |
| 743 | Matthews International Corp., Class A Shares | 15937 |
| 410 | Medifast Inc.<sup>\*</sup> | 5769 |
| 59894 | Mister Car Wash Inc.<sup>\*</sup> | 424050 |
| 757 | Monro Inc. | 11605 |
| 161 | Morningstar Inc. | 49656 |
| 528 | National Research Corp. | 7133 |
| 263 | Paylocity Holding Corp.<sup>\*</sup> | 50207 |
| 49587 | Paymentus Holdings Inc., Class A Shares<sup>\*</sup> | 1893728 |
| 39809 | Payoneer Global Inc.<sup>\*</sup> | 271099 |
| 805 | Paysafe Ltd.<sup>\*</sup> | 9942 |
| 1693 | Perdoceo Education Corp. | 57630 |
| 2510 | Performant Healthcare Inc.<sup>\*</sup> | 7706 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Commercial Services - (continued)** | **Commercial Services - (continued)** |  |
| 350 | Priority Technology Holdings Inc.<sup>\*</sup> | $2985 |
| 1093 | PROG Holdings Inc. | 31511 |
| 1920 | Progyny Inc.<sup>\*</sup> | 41280 |
| 1041 | Quad/Graphics Inc. | 6069 |
| 14664 | Quanta Services Inc. | 5023300 |
| 1035 | RB Global Inc. | 108985 |
| 3896 | Remitly Global Inc.<sup>\*</sup> | 83219 |
| 2093 | Repay Holdings Corp., Class A Shares<sup>\*</sup> | 10067 |
| 1227 | Resources Connection Inc. | 6399 |
| 605 | Robert Half Inc. | 27703 |
| 1575 | Rollins Inc. | 90169 |
| 787 | Service Corp. International | 61386 |
| 9934 | Sezzle Inc.<sup>\*</sup> | 1060057 |
| 363 | Shift4 Payments Inc., Class A Shares<sup>\*</sup> | 34409 |
| 176 | SoundThinking Inc.<sup>\*</sup> | 2730 |
| 459 | Spire Global Inc.<sup>\*</sup> | 4764 |
| 7486 | StoneCo Ltd., Class A Shares<sup>\*</sup> | 102184 |
| 585 | Strategic Education Inc. | 53370 |
| 9304 | Stride Inc.<sup>\*</sup> | 1408533 |
| 1220 | Target Hospitality Corp.<sup>\*</sup> | 8918 |
| 51088 | Toast Inc., Class A Shares<sup>\*</sup> | 2154892 |
| 221 | Transcat Inc.<sup>\*</sup> | 19311 |
| 1095 | TransUnion | 93765 |
| 849 | TriNet Group Inc. | 70645 |
| 1175 | TrueBlue Inc.<sup>\*</sup> | 7050 |
| 2259 | Udemy Inc.<sup>\*</sup> | 16536 |
| 47 | U-Haul Holding Co.<sup>\*</sup> | 3008 |
| 599 | U-Haul Holding Co. (Non-Voting) | 34167 |
| 20133 | UL Solutions Inc., Class A Shares | 1439509 |
| 3073 | United Rentals Inc. | 2176852 |
| 39662 | Universal Technical Institute Inc.<sup>\*</sup> | 1409191 |
| 1404 | Upbound Group Inc. | 32208 |
| 38014 | Valvoline Inc.<sup>\*</sup> | 1314904 |
| 802 | Verisk Analytics Inc., Class A Shares | 251940 |
| 4455 | Verra Mobility Corp., Class A Shares<sup>\*</sup> | 105361 |
| 911 | Vestis Corp. | 5612 |
| 245 | WEX Inc.<sup>\*</sup> | 32568 |
| 311 | Willdan Group Inc.<sup>\*</sup> | 16810 |
| 1099 | WillScot Holdings Corp. | 29618 |
| 1692 | ZipRecruiter Inc., Class A Shares<sup>\*</sup> | 10101 |
|  | Total Commercial Services | 33965078 |
| **Cosmetics/Personal Care - 0.7%** | **Cosmetics/Personal Care - 0.7%** |  |
| 3178 | Beauty Health Co.<sup>\*</sup> | 5180 |
| 2077 | Coty Inc., Class A Shares<sup>\*</sup> | 10240 |
| 1291 | Edgewell Personal Care Co. | 35657 |
| 4408 | elf Beauty Inc.<sup>\*</sup> | 495856 |
| 2231 | Honest Co., Inc.<sup>\*</sup> | 11222 |
| 482 | Interparfums Inc. | 65658 |
| 10897 | Kenvue Inc. | 260111 |
| 5994 | Olaplex Holdings Inc.<sup>\*</sup> | 7912 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Cosmetics/Personal Care - (continued)** | **Cosmetics/Personal Care - (continued)** |  |
| 782 | Perrigo Co. PLC | $20934 |
| 39792 | Prestige Consumer Healthcare Inc.<sup>\*</sup> | 3408981 |
| 671 | Waldencast PLC, Class A Shares<sup>\*</sup> | 1805 |
|  | Total Cosmetics/Personal Care | 4323556 |
| **Food - 1.7%** | **Food - 1.7%** |  |
| 2506 | Albertsons Cos., Inc., Class A Shares | 55708 |
| 2550 | B&G Foods Inc. | 10735 |
| 1969 | Beyond Meat Inc.<sup>\*(a)</sup> | 5769 |
| 392 | Calavo Growers Inc. | 10800 |
| 1152 | Cal-Maine Foods Inc. | 110511 |
| 1157 | Campbell's Co. | 39384 |
| 975 | Chefs' Warehouse Inc.<sup>\*</sup> | 62185 |
| 2667 | Conagra Brands Inc. | 61048 |
| 1095 | Flowers Foods Inc. | 18505 |
| 3130 | General Mills Inc. | 169834 |
| 447 | Grocery Outlet Holding Corp.<sup>\*</sup> | 6070 |
| 2265 | Hain Celestial Group Inc.<sup>\*</sup> | 4236 |
| 824 | Hershey Co. | 132409 |
| 745 | HF Foods Group Inc.<sup>\*</sup> | 2838 |
| 1747 | Hormel Foods Corp. | 53598 |
| 370 | Ingles Markets Inc., Class A Shares | 23051 |
| 11440 | Ingredion Inc. | 1591533 |
| 404 | J & J Snack Foods Corp. | 46529 |
| 578 | JM Smucker Co. | 65089 |
| 225 | John B Sanfilippo & Son Inc. | 13982 |
| 1483 | Kellanova | 122540 |
| 2191 | Krispy Kreme Inc. | 6332 |
| 3775 | Kroger Co. | 257568 |
| 872 | Lamb Weston Holdings Inc. | 48640 |
| 5858 | Lancaster Colony Corp. | 980629 |
| 233 | Lifeway Foods Inc.<sup>\*</sup> | 5265 |
| 678 | Mama's Creations Inc.<sup>\*</sup> | 5634 |
| 1423 | McCormick & Co., Inc. | 103495 |
| 1336 | Mission Produce Inc.<sup>\*</sup> | 14936 |
| 96 | Nathan's Famous Inc. | 10270 |
| 11551 | Natural Grocers by Vitamin Cottage Inc. | 564035 |
| 23184 | Performance Food Group Co.<sup>\*</sup> | 2076359 |
| 226 | Pilgrim's Pride Corp. | 11110 |
| 292 | Post Holdings Inc.<sup>\*</sup> | 32292 |
| 1 | Seaboard Corp. | 2677 |
| 106 | Seneca Foods Corp., Class A Shares<sup>\*</sup> | 9997 |
| 2531 | Simply Good Foods Co.<sup>\*</sup> | 87345 |
| 152 | Smithfield Foods Inc. | 3554 |
| 846 | SpartanNash Co. | 16463 |
| 14802 | Sprouts Farmers Market Inc.<sup>\*</sup> | 2558674 |
| 2265 | SunOpta Inc.<sup>\*</sup> | 14134 |
| 2793 | Sysco Corp. | 203889 |
| 41917 | TreeHouse Foods Inc.<sup>\*</sup> | 941456 |
| 1585 | Tyson Foods Inc., Class A Shares | 89014 |
| 1666 | United Natural Foods Inc.<sup>\*</sup> | 50930 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Food - (continued)** | **Food - (continued)** |  |
| 1288 | US Foods Holding Corp.<sup>\*</sup> | $101907 |
| 1678 | Utz Brands Inc. | 22200 |
| 309 | Village Super Market Inc., Class A Shares | 11921 |
| 423 | Weis Markets Inc. | 32063 |
| 1691 | WK Kellogg Co.<sup>(a)</sup> | 28612 |
|  | Total Food | 10897755 |
| **Healthcare-Products - 3.7%** | **Healthcare-Products - 3.7%** |  |
| 750 | 10X Genomics Inc., Class A Shares<sup>\*</sup> | 7148 |
| 1695 | Accuray Inc.<sup>\*</sup> | 2593 |
| 51114 | Adaptive Biotechnologies Corp.<sup>\*</sup> | 486605 |
| 1631 | Agilent Technologies Inc. | 182542 |
| 580 | Akoya Biosciences Inc.<sup>\*</sup> | 725 |
| 421 | Align Technology Inc.<sup>\*</sup> | 76176 |
| 56503 | Alphatec Holdings Inc.<sup>\*</sup> | 702332 |
| 1353 | AngioDynamics Inc.<sup>\*</sup> | 13801 |
| 1021 | Artivion Inc.<sup>\*</sup> | 30201 |
| 1239 | AtriCure Inc.<sup>\*</sup> | 42832 |
| 1153 | Avanos Medical Inc.<sup>\*</sup> | 14493 |
| 4132 | Avantor Inc.<sup>\*</sup> | 53344 |
| 954 | Avita Medical Inc.<sup>\*</sup> | 5361 |
| 27595 | Axogen Inc.<sup>\*</sup> | 300510 |
| 293 | Azenta Inc.<sup>\*</sup> | 7829 |
| 2869 | Baxter International Inc. | 87504 |
| 20770 | Beta Bionics Inc.<sup>\*</sup> | 358075 |
| 915 | BioLife Solutions Inc.<sup>\*</sup> | 20020 |
| 942 | Bio-Techne Corp. | 45593 |
| 1140 | Bioventus Inc., Class A Shares<sup>\*</sup> | 7387 |
| 650 | Bruker Corp. | 23855 |
| 1305 | CareDx Inc.<sup>\*</sup> | 22172 |
| 659 | Castle Biosciences Inc.<sup>\*</sup> | 10524 |
| 333 | Ceribell Inc.<sup>\*</sup> | 5598 |
| 6901 | Cerus Corp.<sup>\*</sup> | 8764 |
| 815 | CONMED Corp. | 46251 |
| 1100 | Cooper Cos., Inc.<sup>\*</sup> | 75108 |
| 460 | CVRx Inc.<sup>\*</sup> | 3052 |
| 1188 | DENTSPLY SIRONA Inc. | 18984 |
| 1468 | Embecta Corp. | 15458 |
| 304 | Enovis Corp.<sup>\*</sup> | 9515 |
| 38695 | Envista Holdings Corp.<sup>\*</sup> | 706958 |
| 1020 | Exact Sciences Corp.<sup>\*</sup> | 57406 |
| 1168 | Fractyl Health Inc.<sup>\*</sup> | 2219 |
| 2582 | GE HealthCare Technologies Inc. | 182134 |
| 8897 | Glaukos Corp.<sup>\*</sup> | 838898 |
| 19452 | Globus Medical Inc., Class A Shares<sup>\*</sup> | 1151169 |
| 1339 | Haemonetics Corp.<sup>\*</sup> | 90664 |
| 1247 | Hologic Inc.<sup>\*</sup> | 77526 |
| 572 | ICU Medical Inc.<sup>\*</sup> | 77140 |
| 462 | IDEXX Laboratories Inc.<sup>\*</sup> | 237172 |
| 334 | InfuSystem Holdings Inc.<sup>\*</sup> | 1931 |
| 1647 | Inmode Ltd.<sup>\*</sup> | 24145 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Healthcare-Products - (continued)** | **Healthcare-Products - (continued)** |  |
| 483 | Inogen Inc.<sup>\*</sup> | $3103 |
| 174 | Inspire Medical Systems Inc.<sup>\*</sup> | 24047 |
| 10639 | Insulet Corp.<sup>\*</sup> | 3457994 |
| 873 | Integer Holdings Corp.<sup>\*</sup> | 103677 |
| 46884 | Integra LifeSciences Holdings Corp.<sup>\*</sup> | 593551 |
| 187 | iRadimed Corp. | 10824 |
| 819 | iRhythm Technologies Inc.<sup>\*</sup> | 115070 |
| 1808 | Lantheus Holdings Inc.<sup>\*</sup> | 136612 |
| 533 | LeMaitre Vascular Inc. | 43813 |
| 1449 | LivaNova PLC<sup>\*</sup> | 62669 |
| 255 | Masimo Corp.<sup>\*</sup> | 41438 |
| 3354 | MaxCyte Inc.<sup>\*</sup> | 7983 |
| 1503 | Merit Medical Systems Inc.<sup>\*</sup> | 142830 |
| 3002 | MiMedx Group Inc.<sup>\*</sup> | 19303 |
| 24794 | Natera Inc.<sup>\*</sup> | 3910758 |
| 885 | Nautilus Biotechnology Inc., Class A Shares<sup>\*</sup> | 661 |
| 5809 | Neogen Corp.<sup>\*</sup> | 34041 |
| 21708 | NeuroPace Inc.<sup>\*</sup> | 286980 |
| 2790 | Novocure Ltd.<sup>\*</sup> | 53317 |
| 3430 | OmniAb Inc.<sup>\*</sup> | 4356 |
| 1206 | Omnicell Inc.<sup>\*</sup> | 36626 |
| 2423 | OraSure Technologies Inc.<sup>\*</sup> | 6978 |
| 375 | Orchestra BioMed Holdings Inc.<sup>\*</sup> | 1069 |
| 826 | Orthofix Medical Inc.<sup>\*</sup> | 9293 |
| 380 | OrthoPediatrics Corp.<sup>\*</sup> | 7585 |
| 8898 | Pacific Biosciences of California Inc.<sup>\*(a)</sup> | 8575 |
| 8043 | Penumbra Inc.<sup>\*</sup> | 2147240 |
| 1224 | PROCEPT BioRobotics Corp.<sup>\*</sup> | 70992 |
| 842 | Pulmonx Corp.<sup>\*</sup> | 2863 |
| 411 | Pulse Biosciences Inc.<sup>\*</sup> | 7112 |
| 1310 | QIAGEN NV<sup>\*</sup> | 59120 |
| 1247 | Quanterix Corp.<sup>\*</sup> | 6484 |
| 1784 | Quantum-Si Inc.<sup>\*</sup> | 2997 |
| 24113 | QuidelOrtho Corp.<sup>\*</sup> | 739546 |
| 334 | Repligen Corp.<sup>\*</sup> | 39435 |
| 826 | ResMed Inc. | 202197 |
| 17479 | Revvity Inc. | 1580451 |
| 944 | RxSight Inc.<sup>\*</sup> | 14434 |
| 91 | Sanara Medtech Inc.<sup>\*</sup> | 2639 |
| 10105 | Semler Scientific Inc.<sup>\*(a)</sup> | 404200 |
| 1277 | Sera Prognostics Inc., Class A Shares<sup>\*</sup> | 1992 |
| 1008 | SI-BONE Inc.<sup>\*</sup> | 19051 |
| 838 | Solventum Corp.<sup>\*</sup> | 61249 |
| 1291 | STAAR Surgical Co.<sup>\*</sup> | 22993 |
| 2874 | Stereotaxis Inc.<sup>\*</sup> | 6122 |
| 558 | STERIS PLC | 136827 |
| 323 | Surmodics Inc.<sup>\*</sup> | 9373 |
| 530 | Tactile Systems Technology Inc.<sup>\*</sup> | 5236 |
| 1708 | Tandem Diabetes Care Inc.<sup>\*</sup> | 33853 |
| 284 | Teleflex Inc. | 34725 |
| 20717 | TransMedics Group Inc.<sup>\*</sup> | 2633545 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Healthcare-Products - (continued)** | **Healthcare-Products - (continued)** |  |
| 1652 | Treace Medical Concepts Inc.<sup>\*</sup> | $9482 |
| 1660 | Twist Bioscience Corp.<sup>\*</sup> | 48638 |
| 191 | UFP Technologies Inc.<sup>\*</sup> | 44732 |
| 120 | Utah Medical Products Inc. | 6610 |
| 912 | Varex Imaging Corp.<sup>\*</sup> | 6995 |
| 333 | Waters Corp.<sup>\*</sup> | 116297 |
| 409 | West Pharmaceutical Services Inc. | 86238 |
| 1119 | Zimmer Biomet Holdings Inc. | 103138 |
| 978 | Zimvie Inc.<sup>\*</sup> | 8939 |
| 346 | Zynex Inc.<sup>\*</sup> | 810 |
|  | Total Healthcare-Products | 23931422 |
| **Healthcare-Services - 1.3%** | **Healthcare-Services - 1.3%** |  |
| 529 | Acadia Healthcare Co., Inc.<sup>\*</sup> | 11976 |
| 9979 | Addus HomeCare Corp.<sup>\*</sup> | 1106771 |
| 8464 | agilon health Inc.<sup>\*</sup> | 18790 |
| 183 | Amedisys Inc.<sup>\*</sup> | 17215 |
| 749 | Ardent Health Partners Inc.<sup>\*</sup> | 10845 |
| 1140 | Astrana Health Inc.<sup>\*</sup> | 28260 |
| 1149 | Aveanna Healthcare Holdings Inc.<sup>\*</sup> | 6124 |
| 1045 | Blade Air Mobility Inc.<sup>\*</sup> | 3647 |
| 1569 | BrightSpring Health Services Inc.<sup>\*</sup> | 37358 |
| 4955 | Brookdale Senior Living Inc.<sup>\*</sup> | 32257 |
| 2865 | Centene Corp.<sup>\*</sup> | 161701 |
| 308 | Charles River Laboratories International Inc.<sup>\*</sup> | 41774 |
| 89 | Chemed Corp. | 51161 |
| 3046 | Community Health Systems Inc.<sup>\*</sup> | 11818 |
| 2857 | Concentra Group Holdings Parent Inc. | 61797 |
| 731 | CorVel Corp.<sup>\*</sup> | 81338 |
| 260 | DaVita Inc.<sup>\*</sup> | 35428 |
| 3054 | DocGo Inc.<sup>\*</sup> | 4337 |
| 27467 | Encompass Health Corp. | 3320760 |
| 1193 | Enhabit Inc.<sup>\*</sup> | 12526 |
| 1462 | Ensign Group Inc. | 215294 |
| 730 | Fortrea Holdings Inc.<sup>\*</sup> | 3139 |
| 458 | Fulgent Genetics Inc.<sup>\*</sup> | 9490 |
| 5185 | GeneDx Holdings Corp., Class A Shares<sup>\*</sup> | 369276 |
| 2260 | HealthEquity Inc.<sup>\*</sup> | 227379 |
| 6184 | Humana Inc. | 1441676 |
| 485 | Innovage Holding Corp.<sup>\*</sup> | 1984 |
| 1021 | IQVIA Holdings Inc.<sup>\*</sup> | 143277 |
| 339 | Joint Corp.<sup>\*</sup> | 3627 |
| 475 | Labcorp Holdings Inc. | 118261 |
| 3564 | LifeStance Health Group Inc.<sup>\*</sup> | 21170 |
| 153 | Medpace Holdings Inc.<sup>\*</sup> | 45120 |
| 490 | ModivCare Inc.<sup>\*</sup> | 549 |
| 320 | Molina Healthcare Inc.<sup>\*</sup> | 97613 |
| 1585 | Nano-X Imaging Ltd.<sup>\*(a)</sup> | 8115 |
| 326 | National HealthCare Corp. | 33950 |
| 7757 | OPKO Health Inc.<sup>\*</sup> | 10549 |
| 5607 | Oscar Health Inc., Class A Shares<sup>\*</sup> | 77377 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Healthcare-Services - (continued)** | **Healthcare-Services - (continued)** |  |
| 1036 | PACS Group Inc.<sup>\*</sup> | $10277 |
| 2471 | Pediatrix Medical Group Inc.<sup>\*</sup> | 34965 |
| 884 | Pennant Group Inc.<sup>\*</sup> | 25380 |
| 627 | Quest Diagnostics Inc. | 108684 |
| 739 | Quipt Home Medical Corp.<sup>\*(b)</sup> | 1323 |
| 1798 | RadNet Inc.<sup>\*</sup> | 103367 |
| 2887 | Select Medical Holdings Corp. | 44142 |
| 180 | Sonida Senior Living Inc.<sup>\*</sup> | 4392 |
| 814 | Sotera Health Co.<sup>\*</sup> | 9963 |
| 2030 | Surgery Partners Inc.<sup>\*</sup> | 47928 |
| 4451 | Teladoc Health Inc.<sup>\*</sup> | 30801 |
| 536 | Tenet Healthcare Corp.<sup>\*</sup> | 90461 |
| 317 | Universal Health Services Inc., Class B Shares | 60341 |
| 387 | US Physical Therapy Inc. | 29021 |
| 1334 | Viemed Healthcare Inc.<sup>\*</sup> | 8871 |
|  | Total Healthcare-Services | 8493645 |
| **Household Products/Wares - 0.1%** | **Household Products/Wares - 0.1%** |  |
| 3111 | ACCO Brands Corp. | 11168 |
| 451 | Avery Dennison Corp. | 80156 |
| 216 | Central Garden & Pet Co.<sup>\*</sup> | 7789 |
| 1364 | Central Garden & Pet Co., Class A Shares<sup>\*</sup> | 43607 |
| 1381 | Church & Dwight Co., Inc. | 135766 |
| 700 | Clorox Co. | 92316 |
| 595 | Helen of Troy Ltd.<sup>\*</sup> | 16000 |
| 1150 | Quanex Building Products Corp. | 19240 |
| 274 | Reynolds Consumer Products Inc. | 6050 |
| 152 | Spectrum Brands Holdings Inc. | 8781 |
| 356 | WD-40 Co. | 86732 |
|  | Total Household Products/Wares | 507605 |
| **Pharmaceuticals - 1.8%** | **Pharmaceuticals - 1.8%** |  |
| 2618 | AdaptHealth Corp., Class A Shares<sup>\*</sup> | 23510 |
| 1498 | Agios Pharmaceuticals Inc.<sup>\*</sup> | 48071 |
| 6520 | Akebia Therapeutics Inc.<sup>\*</sup> | 19756 |
| 2403 | Alector Inc.<sup>\*</sup> | 3196 |
| 4225 | Alkermes PLC<sup>\*</sup> | 129327 |
| 4140 | Amneal Pharmaceuticals Inc.<sup>\*</sup> | 30305 |
| 1014 | Amphastar Pharmaceuticals Inc.<sup>\*</sup> | 26070 |
| 266 | Anika Therapeutics Inc.<sup>\*</sup> | 2966 |
| 2165 | Aquestive Therapeutics Inc.<sup>\*</sup> | 5867 |
| 1686 | Arvinas Inc.<sup>\*</sup> | 12139 |
| 10665 | Ascendis Pharma AS, ADR<sup>\*</sup> | 1736689 |
| 2410 | Avadel Pharmaceuticals PLC, ADR<sup>\*</sup> | 21955 |
| 24603 | BellRing Brands Inc.<sup>\*</sup> | 1548759 |
| 778 | Biote Corp., Class A Shares<sup>\*</sup> | 2692 |
| 1384 | Cardinal Health Inc. | 213745 |
| 3100 | Catalyst Pharmaceuticals Inc.<sup>\*</sup> | 77376 |
| 986 | Cencora Inc. | 287163 |
| 18795 | Centessa Pharmaceuticals PLC, ADR<sup>\*</sup> | 253920 |
| 1851 | Coherus Biosciences Inc.<sup>\*</sup> | 1442 |
| 840 | Collegium Pharmaceutical Inc.<sup>\*</sup> | 24478 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Pharmaceuticals - (continued)** | **Pharmaceuticals - (continued)** |  |
| 400 | Corbus Pharmaceuticals Holdings Inc.<sup>\*</sup> | $2968 |
| 10934 | Corcept Therapeutics Inc.<sup>\*</sup> | 848041 |
| 1791 | CorMedix Inc.<sup>\*</sup> | 21743 |
| 2216 | DexCom Inc.<sup>\*</sup> | 190133 |
| 2932 | Elanco Animal Health Inc.<sup>\*</sup> | 39406 |
| 796 | Enanta Pharmaceuticals Inc.<sup>\*</sup> | 4720 |
| 865 | Enliven Therapeutics Inc.<sup>\*</sup> | 15371 |
| 411 | Fennec Pharmaceuticals Inc.<sup>\*(b)</sup> | 3337 |
| 484 | Foghorn Therapeutics Inc.<sup>\*</sup> | 1975 |
| 1233 | Fulcrum Therapeutics Inc.<sup>\*</sup> | 8477 |
| 14964 | Guardian Pharmacy Services Inc., Class A Shares<sup>\*(a)</sup> | 316788 |
| 370 | Gyre Therapeutics Inc.<sup>\*</sup> | 3356 |
| 982 | Harmony Biosciences Holdings Inc.<sup>\*</sup> | 33879 |
| 795 | Harrow Inc.<sup>\*</sup> | 22347 |
| 687 | Henry Schein Inc.<sup>\*</sup> | 48083 |
| 2517 | Herbalife Ltd.<sup>\*</sup> | 19658 |
| 4679 | Heron Therapeutics Inc.<sup>\*</sup> | 8796 |
| 4866 | Ironwood Pharmaceuticals Inc., Class A Shares<sup>\*</sup> | 2915 |
| 368 | Jazz Pharmaceuticals PLC<sup>\*</sup> | 39770 |
| 1162 | KalVista Pharmaceuticals Inc.<sup>\*</sup> | 13712 |
| 333 | Lyell Immunopharma Inc.<sup>\*</sup> | 2908 |
| 472 | Madrigal Pharmaceuticals Inc.<sup>\*</sup> | 129923 |
| 6979 | MannKind Corp.<sup>\*</sup> | 28963 |
| 397 | MediWound Ltd.<sup>\*</sup> | 8718 |
| 10106 | Merus NV<sup>\*</sup> | 566643 |
| 1126 | Mirum Pharmaceuticals Inc.<sup>\*</sup> | 50062 |
| 241 | Nature's Sunshine Products Inc.<sup>\*</sup> | 3726 |
| 559 | Neurocrine Biosciences Inc.<sup>\*</sup> | 68768 |
| 316 | Neurogene Inc.<sup>\*</sup> | 5375 |
| 10417 | Ocugen Inc.<sup>\*</sup> | 8710 |
| 4078 | Ocular Therapeutix Inc.<sup>\*</sup> | 32665 |
| 49059 | Option Care Health Inc.<sup>\*</sup> | 1603248 |
| 1515 | Organon & Co. | 13968 |
| 1515 | ORIC Pharmaceuticals Inc.<sup>\*</sup> | 12378 |
| 461 | Outlook Therapeutics Inc.<sup>\*</sup> | 848 |
| 1930 | Owens & Minor Inc.<sup>\*</sup> | 12738 |
| 1155 | Pacira BioSciences Inc.<sup>\*</sup> | 29845 |
| 476 | Phibro Animal Health Corp., Class A Shares | 11624 |
| 488 | Premier Inc., Class A Shares | 11214 |
| 16122 | Protagonist Therapeutics Inc.<sup>\*</sup> | 765311 |
| 1503 | Regulus Therapeutics Inc.<sup>\*</sup> | 11919 |
| 18348 | Rhythm Pharmaceuticals Inc.<sup>\*</sup> | 1125283 |
| 530 | scPharmaceuticals Inc.<sup>\*</sup> | 1929 |
| 1793 | SIGA Technologies Inc. | 10722 |
| 836 | Skye Bioscience Inc.<sup>\*</sup> | 1655 |
| 14351 | Spyre Therapeutics Inc.<sup>\*</sup> | 219283 |
| 1318 | Supernus Pharmaceuticals Inc.<sup>\*</sup> | 41781 |
| 2045 | Trevi Therapeutics Inc.<sup>\*</sup> | 13313 |
| 256 | USANA Health Sciences Inc.<sup>\*</sup> | 7647 |
| 2309 | Vanda Pharmaceuticals Inc.<sup>\*</sup> | 10021 |
| 3249 | Vaxcyte Inc.<sup>\*</sup> | 105560 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Pharmaceuticals - (continued)** | **Pharmaceuticals - (continued)** |  |
| 536 | Verrica Pharmaceuticals Inc.<sup>\*</sup> | $265 |
| 6634 | Viatris Inc. | 58313 |
| 1516 | Voyager Therapeutics Inc.<sup>\*</sup> | 4154 |
| 60746 | Xeris Biopharma Holdings Inc.<sup>\*</sup> | 300085 |
| 1334 | Y-mAbs Therapeutics Inc.<sup>\*</sup> | 6136 |
|  | Total Pharmaceuticals | 11400602 |
|  | **TOTAL CONSUMER NON-CYCLICAL** | **128845452** |
| **ENERGY - 4.6%** | **ENERGY - 4.6%** |  |
| **Coal - 0.0%** | **Coal - 0.0%** |  |
| 291 | Alpha Metallurgical Resources Inc.<sup>\*</sup> | 32604 |
| 1375 | Core Natural Resources Inc. | 95287 |
| 539 | Hallador Energy Co.<sup>\*</sup> | 9298 |
| 74 | NACCO Industries Inc., Class A Shares | 2654 |
| 3372 | Peabody Energy Corp. | 44375 |
| 856 | Ramaco Resources Inc., Class A Shares | 7738 |
| 31 | Ramaco Resources Inc., Class B Shares | 231 |
| 2130 | SunCoke Energy Inc. | 17338 |
| 1382 | Warrior Met Coal Inc. | 62812 |
|  | Total Coal | 272337 |
| **Energy-Alternate Sources - 0.3%** | **Energy-Alternate Sources - 0.3%** |  |
| 1286 | Aemetis Inc.<sup>\*</sup> | 2199 |
| 3917 | Array Technologies Inc.<sup>\*</sup> | 25852 |
| 27513 | ASP Isotopes Inc.<sup>\*</sup> | 207998 |
| 1790 | Energy Vault Holdings Inc.<sup>\*</sup> | 1479 |
| 798 | Enphase Energy Inc.<sup>\*</sup> | 33029 |
| 259187 | Eos Energy Enterprises Inc.<sup>\*(a)</sup> | 1078218 |
| 602 | First Solar Inc.<sup>\*</sup> | 95164 |
| 1583 | Fluence Energy Inc., Class A Shares<sup>\*</sup> | 7440 |
| 557 | FuelCell Energy Inc.<sup>\*(a)</sup> | 2846 |
| 480 | FutureFuel Corp. | 1896 |
| 2042 | Green Plains Inc.<sup>\*</sup> | 8495 |
| 1406 | Montauk Renewables Inc.<sup>\*</sup> | 2587 |
| 22071 | Plug Power Inc.<sup>\*</sup> | 19482 |
| 385 | REX American Resources Corp.<sup>\*</sup> | 16224 |
| 4381 | Shoals Technologies Group Inc., Class A Shares<sup>\*</sup> | 20679 |
| 2589 | Stem Inc.<sup>\*</sup> | 1266 |
| 3854 | Sunnova Energy International Inc.<sup>\*</sup> | 838 |
| 5744 | Sunrun Inc.<sup>\*</sup> | 43023 |
| 4984 | T1 Energy Inc.<sup>\*</sup> | 5433 |
| 941 | TPI Composites Inc.<sup>\*</sup> | 1129 |
|  | Total Energy-Alternate Sources | 1575277 |
| **Oil & Gas - 2.6%** | **Oil & Gas - 2.6%** |  |
| 1649 | Amplify Energy Corp.<sup>\*</sup> | 4733 |
| 74000 | Antero Resources Corp.<sup>\*</sup> | 2771300 |
| 2178 | APA Corp. | 37048 |
| 2782 | Berry Corp. | 6649 |
| 12498 | BKV Corp.<sup>\*</sup> | 268707 |
| 6078 | Borr Drilling Ltd.<sup>\*</sup> | 10637 |
| 1823 | California Resources Corp. | 80522 |
| 371 | Chord Energy Corp. | 33390 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **ENERGY - (continued)** | **ENERGY - (continued)** |  |
| **Oil & Gas - (continued)** | **Oil & Gas - (continued)** |  |
| 39477 | Civitas Resources Inc. | $1080485 |
| 3826 | CNX Resources Corp.<sup>\*</sup> | 123503 |
| 2535 | Comstock Resources Inc.<sup>\*</sup> | 59065 |
| 4120 | Coterra Energy Inc. | 100157 |
| 4424 | Crescent Energy Co., Class A Shares | 37117 |
| 833 | CVR Energy Inc. | 19484 |
| 1626 | Delek US Holdings Inc. | 31300 |
| 3521 | Devon Energy Corp. | 106545 |
| 12769 | Diamondback Energy Inc. | 1718069 |
| 1153 | Diversified Energy Co. PLC | 16107 |
| 322 | Empire Petroleum Corp.<sup>\*</sup> | 1584 |
| 3346 | EQT Corp. | 184465 |
| 568 | Evolution Petroleum Corp. | 2550 |
| 16207 | Expand Energy Corp. | 1882119 |
| 1159 | Granite Ridge Resources Inc. | 6514 |
| 5450 | Gulfport Energy Corp.<sup>\*</sup> | 1043675 |
| 2575 | Helmerich & Payne Inc. | 39269 |
| 1588 | Hess Corp. | 209918 |
| 940 | HF Sinclair Corp. | 33962 |
| 638 | HighPeak Energy Inc. | 6310 |
| 349 | Infinity Natural Resources Inc., Class A Shares<sup>\*</sup> | 5821 |
| 12290 | Kosmos Energy Ltd.<sup>\*</sup> | 20401 |
| 8522 | Landbridge Co. LLC, Class A Shares | 608897 |
| 4529 | Magnolia Oil & Gas Corp., Class A Shares | 97374 |
| 700 | Matador Resources Co. | 30107 |
| 3612 | Murphy Oil Corp. | 75599 |
| 228 | Nabors Industries Ltd.<sup>\*</sup> | 5885 |
| 3467 | Noble Corp. PLC | 85878 |
| 2647 | Northern Oil & Gas Inc. | 70357 |
| 1448 | Ovintiv Inc. | 51867 |
| 1422 | Par Pacific Holdings Inc.<sup>\*</sup> | 30701 |
| 10353 | Patterson-UTI Energy Inc. | 57149 |
| 2763 | PBF Energy Inc., Class A Shares | 52635 |
| 164705 | Permian Resources Corp., Class A Shares | 2076930 |
| 11 | PrimeEnergy Resources Corp.<sup>\*</sup> | 2124 |
| 1419 | Range Resources Corp. | 53979 |
| 258 | Riley Exploration Permian Inc. | 6620 |
| 6332 | Ring Energy Inc.<sup>\*</sup> | 4670 |
| 19046 | Sable Offshore Corp.<sup>\*</sup> | 548144 |
| 733 | SandRidge Energy Inc. | 7191 |
| 1820 | Seadrill Ltd.<sup>\*</sup> | 42224 |
| 2123 | Sitio Royalties Corp., Class A Shares | 36240 |
| 3065 | SM Energy Co. | 71782 |
| 3868 | Talos Energy Inc.<sup>\*</sup> | 31099 |
| 106 | Texas Pacific Land Corp. | 118087 |
| 19423 | Transocean Ltd.<sup>\*</sup> | 48363 |
| 3503 | VAALCO Energy Inc. | 11105 |
| 1672 | Valaris Ltd.<sup>\*</sup> | 62901 |
| 17000 | Valero Energy Corp. | 2192490 |
| 797 | Viper Energy Inc., Class A Shares | 31633 |
| 722 | Vital Energy Inc.<sup>\*</sup> | 10743 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **ENERGY - (continued)** | **ENERGY - (continued)** |  |
| **Oil & Gas - (continued)** | **Oil & Gas - (continued)** |  |
| 620 | Vitesse Energy Inc. | $12977 |
| 4198 | W&T Offshore Inc. | 6213 |
| 428 | Weatherford International PLC | 18661 |
|  | Total Oil & Gas | 16502031 |
| **Oil & Gas Services - 1.1%** | **Oil & Gas Services - 1.1%** |  |
| 4539 | Archrock Inc. | 113021 |
| 16522 | Aris Water Solutions Inc., Class A Shares | 364145 |
| 2114 | Atlas Energy Solutions Inc., Class A Shares<sup>(a)</sup> | 25685 |
| 5673 | Baker Hughes Co., Class A Shares | 210185 |
| 622 | Bristow Group Inc.<sup>\*</sup> | 18200 |
| 37350 | ChampionX Corp. | 899014 |
| 1196 | Core Laboratories Inc. | 12857 |
| 756 | DMC Global Inc.<sup>\*</sup> | 4884 |
| 2735 | DNOW Inc.<sup>\*</sup> | 39439 |
| 419 | Drilling Tools International Corp.<sup>\*</sup> | 1098 |
| 103118 | Expro Group Holdings NV<sup>\*</sup> | 857942 |
| 539 | Flowco Holdings Inc., Class A Shares | 9276 |
| 416 | Forum Energy Technologies Inc.<sup>\*</sup> | 6132 |
| 636 | Geospace Technologies Corp.<sup>\*</sup> | 3702 |
| 4978 | Halliburton Co. | 97519 |
| 3748 | Helix Energy Solutions Group Inc.<sup>\*</sup> | 23200 |
| 818 | Innovex International Inc.<sup>\*</sup> | 11288 |
| 7770 | Kodiak Gas Services Inc. | 274359 |
| 4289 | Liberty Energy Inc., Class A Shares | 49710 |
| 1322 | Mammoth Energy Services Inc.<sup>\*</sup> | 3490 |
| 590 | Matrix Service Co.<sup>\*</sup> | 7210 |
| 230 | Natural Gas Services Group Inc.<sup>\*</sup> | 5513 |
| 2343 | NOV Inc. | 28116 |
| 2005 | NPK International Inc.<sup>\*</sup> | 16220 |
| 2679 | Oceaneering International Inc.<sup>\*</sup> | 51089 |
| 1294 | Oil States International Inc.<sup>\*</sup> | 5629 |
| 471 | ProFrac Holding Corp., Class A Shares<sup>\*</sup> | 3928 |
| 2138 | ProPetro Holding Corp.<sup>\*</sup> | 11545 |
| 530 | Ranger Energy Services Inc., Class A Shares | 5644 |
| 2004 | RPC Inc. | 8898 |
| 46200 | Schlumberger NV | 1526910 |
| 939 | SEACOR Marine Holdings Inc.<sup>\*</sup> | 5014 |
| 2336 | Select Water Solutions Inc., Class A Shares | 18781 |
| 30288 | Solaris Energy Infrastructure Inc., Class A Shares | 830800 |
| 47870 | TechnipFMC PLC | 1491150 |
| 2978 | TETRA Technologies Inc.<sup>\*</sup> | 7981 |
| 1297 | Tidewater Inc.<sup>\*</sup> | 51504 |
|  | Total Oil & Gas Services | 7101078 |
| **Pipelines - 0.6%** | **Pipelines - 0.6%** |  |
| 1997 | Antero Midstream Corp. | 37504 |
| 1272 | Cheniere Energy Inc. | 301451 |
| 585 | DT Midstream Inc. | 61273 |
| 404 | Excelerate Energy Inc., Class A Shares | 11364 |
| 2588 | Golar LNG Ltd. | 106522 |
| 11040 | Kinder Morgan Inc. | 309562 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **ENERGY - (continued)** | **ENERGY - (continued)** |  |
| **Pipelines - (continued)** | **Pipelines - (continued)** |  |
| 1007 | Kinetik Holdings Inc., Class A Shares | $44852 |
| 567 | New Fortress Energy Inc., Class A Shares | 1412 |
| 2886 | NextDecade Corp.<sup>\*</sup> | 23896 |
| 3531 | ONEOK Inc. | 285446 |
| 1229 | Targa Resources Corp. | 194096 |
| 39638 | Williams Cos., Inc. | 2398495 |
|  | Total Pipelines | 3775873 |
|  | **TOTAL ENERGY** | **29226596** |
| **FINANCIAL - 19.0%** | **FINANCIAL - 19.0%** |  |
| **Banks - 6.4%** | **Banks - 6.4%** |  |
| 473 | 1st Source Corp. | 28645 |
| 184 | ACNB Corp. | 7649 |
| 687 | Alerus Financial Corp. | 14434 |
| 442 | Amalgamated Financial Corp. | 13357 |
| 948 | Amerant Bancorp Inc., Class A Shares | 16618 |
| 1723 | Ameris Bancorp | 105913 |
| 151 | Ames National Corp. | 2627 |
| 385 | Arrow Financial Corp. | 9914 |
| 81489 | Associated Banc-Corp. | 1888100 |
| 3374 | Atlantic Union Bankshares Corp. | 101288 |
| 527 | BancFirst Corp. | 65193 |
| 1212 | Bancorp Inc.<sup>\*</sup> | 61933 |
| 250 | Bank First Corp. | 29075 |
| 1039 | Bank of Hawaii Corp. | 69104 |
| 360 | Bank of Marin Bancorp | 7672 |
| 4096 | Bank of New York Mellon Corp. | 362947 |
| 1221 | Bank of NT Butterfield & Son Ltd. | 51477 |
| 625 | Bank OZK | 27706 |
| 101 | Bank7 Corp. | 3901 |
| 1979 | BankUnited Inc. | 67246 |
| 135 | Bankwell Financial Group Inc. | 4686 |
| 907 | Banner Corp. | 55917 |
| 351 | Bar Harbor Bankshares | 10207 |
| 358 | BayCom Corp. | 9448 |
| 279 | BCB Bancorp Inc. | 2260 |
| 433 | Blue Foundry Bancorp<sup>\*</sup> | 3923 |
| 125 | BOK Financial Corp. | 11803 |
| 715 | Bridgewater Bancshares Inc.<sup>\*</sup> | 10468 |
| 344 | Burke & Herbert Financial Services Corp. | 19581 |
| 598 | Business First Bancshares Inc. | 14226 |
| 790 | Byline Bancorp Inc. | 20437 |
| 4785 | Cadence Bank | 144986 |
| 867 | California BanCorp<sup>\*</sup> | 12953 |
| 492 | Camden National Corp. | 19355 |
| 178 | Capital Bancorp Inc. | 5749 |
| 324 | Capital City Bank Group Inc. | 12228 |
| 540 | Carter Bankshares Inc.<sup>\*</sup> | 8883 |
| 1854 | Cathay General Bancorp | 79453 |
| 669 | Central Pacific Financial Corp. | 17862 |
| 62 | Chemung Financial Corp. | 2906 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Banks - (continued)** | **Banks - (continued)** |  |
| 298 | ChoiceOne Financial Services Inc. | $8815 |
| 325 | Citizens & Northern Corp. | 6029 |
| 2480 | Citizens Financial Group Inc. | 100068 |
| 160 | Citizens Financial Services Inc. | 9784 |
| 9514 | City Holding Co. | 1121605 |
| 544 | Civista Bancshares Inc. | 12267 |
| 488 | CNB Financial Corp. | 10575 |
| 8296 | Coastal Financial Corp.<sup>\*</sup> | 729135 |
| 353 | Colony Bankcorp Inc. | 5397 |
| 112736 | Columbia Banking System Inc. | 2635768 |
| 798 | Comerica Inc. | 45558 |
| 749 | Commerce Bancshares Inc. | 47195 |
| 1393 | Community Financial System Inc. | 78342 |
| 388 | Community Trust Bancorp Inc. | 19807 |
| 533 | Community West Bancshares | 9487 |
| 922 | ConnectOne Bancorp Inc. | 21178 |
| 353 | Cullen/Frost Bankers Inc. | 44824 |
| 771 | Customers Bancorp Inc.<sup>\*</sup> | 39290 |
| 3515 | CVB Financial Corp. | 65906 |
| 1137 | Dime Community Bancshares Inc. | 29175 |
| 745 | Eagle Bancorp Inc. | 13112 |
| 775 | East West Bancorp Inc. | 70680 |
| 5139 | Eastern Bankshares Inc. | 77085 |
| 228 | Enterprise Bancorp Inc. | 8789 |
| 976 | Enterprise Financial Services Corp. | 51669 |
| 481 | Equity Bancshares Inc., Class A Shares | 18730 |
| 169 | Esquire Financial Holdings Inc. | 15335 |
| 280 | Farmers & Merchants Bancorp Inc. | 6667 |
| 862 | Farmers National Banc Corp. | 11404 |
| 933 | FB Financial Corp. | 40725 |
| 205 | Fidelity D&D Bancorp Inc. | 8360 |
| 3830 | Fifth Third Bancorp | 146268 |
| 578 | Financial Institutions Inc. | 14924 |
| 4225 | First BanCorp (Puerto Rico) | 84416 |
| 1050 | First Bancorp (Southern Pines NC) | 43439 |
| 227 | First Bancorp Inc. | 5491 |
| 461 | First Bank | 6698 |
| 2293 | First Busey Corp. | 50721 |
| 181 | First Business Financial Services Inc. | 8827 |
| 1223 | First Citizens BancShares Inc., Class A Shares | 2261180 |
| 2652 | First Commonwealth Financial Corp. | 41424 |
| 424 | First Community Bankshares Inc. | 15942 |
| 2501 | First Financial Bancorp | 60424 |
| 3411 | First Financial Bankshares Inc. | 120272 |
| 274 | First Financial Corp. | 14204 |
| 1977 | First Foundation Inc.<sup>\*</sup> | 10201 |
| 730 | First Hawaiian Inc. | 17432 |
| 133517 | First Horizon Corp. | 2654318 |
| 168 | First Internet Bancorp | 4074 |
| 82073 | First Interstate BancSystem Inc., Class A Shares | 2228282 |
| 1541 | First Merchants Corp. | 58096 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Banks - (continued)** | **Banks - (continued)** |  |
| 582 | First Mid Bancshares Inc. | $20533 |
| 761 | First of Long Island Corp. | 9033 |
| 404 | Five Star Bancorp | 11296 |
| 2101 | FNB Corp. | 29141 |
| 4737 | Fulton Financial Corp. | 81713 |
| 295 | FVCBankcorp Inc.<sup>\*</sup> | 3440 |
| 736 | German American Bancorp Inc. | 28126 |
| 2988 | Glacier Bancorp Inc. | 123912 |
| 204 | Great Southern Bancorp Inc. | 11412 |
| 283 | Guaranty Bancshares Inc. | 11699 |
| 2276 | Hancock Whitney Corp. | 124429 |
| 752 | Hanmi Financial Corp. | 17236 |
| 917 | HarborOne Bancorp Inc. | 10435 |
| 282 | HBT Financial Inc. | 6599 |
| 1439 | Heritage Commerce Corp. | 13325 |
| 866 | Heritage Financial Corp. | 20247 |
| 1215 | Hilltop Holdings Inc. | 36231 |
| 4892 | Home BancShares Inc. | 138395 |
| 435 | HomeStreet Inc.<sup>\*</sup> | 5668 |
| 3342 | Hope Bancorp Inc. | 33554 |
| 1084 | Horizon Bancorp Inc. | 16087 |
| 8173 | Huntington Bancshares Inc. | 127744 |
| 34826 | Independent Bank Corp. (Massachusetts) | 2141799 |
| 496 | Independent Bank Corp. (Michingan) | 15639 |
| 1412 | International Bancshares Corp. | 88434 |
| 168 | Investar Holding Corp. | 3194 |
| 444 | John Marshall Bancorp Inc. | 7743 |
| 1238 | Kearny Financial Corp. | 7465 |
| 182211 | KeyCorp | 2889866 |
| 652 | Lakeland Financial Corp. | 39035 |
| 242 | LCNB Corp. | 3511 |
| 1071 | LINKBANCORP Inc. | 7336 |
| 903 | Live Oak Bancshares Inc. | 24787 |
| 943 | M&T Bank Corp. | 172230 |
| 394 | Mercantile Bank Corp. | 17399 |
| 443 | Merchants Bancorp | 14185 |
| 440 | Metrocity Bankshares Inc. | 12294 |
| 259 | Metropolitan Bank Holding Corp.<sup>\*</sup> | 16750 |
| 479 | Mid Penn Bancorp Inc. | 12765 |
| 144 | Middlefield Banc Corp. | 4226 |
| 691 | Midland States Bancorp Inc. | 11664 |
| 558 | MidWestOne Financial Group Inc. | 16043 |
| 408 | MVB Financial Corp. | 7980 |
| 45761 | National Bank Holdings Corp., Class A Shares | 1654260 |
| 102 | National Bankshares Inc. | 2613 |
| 979 | NB Bancorp Inc.<sup>\*</sup> | 16496 |
| 1400 | NBT Bancorp Inc. | 58590 |
| 376 | Nicolet Bankshares Inc. | 46113 |
| 161 | Northeast Bank | 13497 |
| 264 | Northeast Community Bancorp Inc. | 5972 |
| 1095 | Northern Trust Corp. | 116880 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Banks - (continued)** | **Banks - (continued)** |  |
| 123 | Northrim BanCorp Inc. | $11267 |
| 135 | Norwood Financial Corp. | 3510 |
| 18456 | NU Holdings Ltd., Class A Shares<sup>\*</sup> | 221657 |
| 124 | Oak Valley Bancorp | 3161 |
| 1210 | OFG Bancorp | 49779 |
| 122953 | Old National Bancorp | 2564800 |
| 1093 | Old Second Bancorp Inc. | 18078 |
| 214 | Orange County Bancorp Inc. | 5472 |
| 749 | Origin Bancorp Inc. | 25533 |
| 458 | Orrstown Financial Services Inc. | 13767 |
| 382 | Park National Corp. | 62098 |
| 193 | Parke Bancorp Inc. | 3742 |
| 9702 | Pathward Financial Inc. | 757241 |
| 202 | PCB Bancorp | 3907 |
| 408 | Peapack-Gladstone Financial Corp. | 11187 |
| 890 | Peoples Bancorp Inc. | 26095 |
| 221 | Peoples Bancorp of North Carolina Inc. | 6084 |
| 214 | Peoples Financial Services Corp. | 10285 |
| 25096 | Pinnacle Financial Partners Inc. | 2667203 |
| 309 | Pioneer Bancorp Inc.<sup>\*</sup> | 3523 |
| 188 | Plumas Bancorp | 8184 |
| 359 | Ponce Financial Group Inc.<sup>\*</sup> | 4807 |
| 425 | Popular Inc. | 44000 |
| 319 | Preferred Bank | 26672 |
| 719 | Primis Financial Corp. | 6809 |
| 116 | Princeton Bancorp Inc. | 3632 |
| 535 | Prosperity Bancshares Inc. | 37263 |
| 298 | Provident Bancorp Inc.<sup>\*</sup> | 3394 |
| 426 | QCR Holdings Inc. | 28670 |
| 348 | RBB Bancorp | 5909 |
| 168 | Red River Bancshares Inc. | 9423 |
| 5136 | Regions Financial Corp. | 110116 |
| 2548 | Renasant Corp. | 89307 |
| 203 | Republic Bancorp Inc., Class A Shares | 13914 |
| 994 | S&T Bancorp Inc. | 36440 |
| 2234 | Seacoast Banking Corp. of Florida | 57704 |
| 1327 | ServisFirst Bancshares Inc. | 98769 |
| 717 | Shore Bancshares Inc. | 10389 |
| 296 | Sierra Bancorp | 8102 |
| 3300 | Simmons First National Corp., Class A Shares | 61908 |
| 387 | SmartFinancial Inc. | 12299 |
| 269 | South Plains Financial Inc. | 9676 |
| 274 | Southern First Bancshares Inc.<sup>\*</sup> | 9883 |
| 175 | Southern States Bancshares Inc. | 6036 |
| 734 | Southside Bancshares Inc. | 20691 |
| 2577 | SouthState Corp. | 226261 |
| 1661 | State Street Corp. | 159921 |
| 1278 | Stellar Bancorp Inc. | 34404 |
| 671 | Stock Yards Bancorp Inc. | 49359 |
| 860 | Synovus Financial Corp. | 41134 |
| 1211 | Texas Capital Bancshares Inc.<sup>\*</sup> | 86817 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Banks - (continued)** | **Banks - (continued)** |  |
| 260 | Third Coast Bancshares Inc.<sup>\*</sup> | $7972 |
| 316 | Tompkins Financial Corp. | 19402 |
| 1860 | Towne Bank | 64282 |
| 833 | TriCo Bancshares | 33237 |
| 582 | Triumph Financial Inc.<sup>\*</sup> | 33622 |
| 459 | TrustCo Bank Corp. NY | 14247 |
| 1607 | Trustmark Corp. | 55377 |
| 1794 | UMB Financial Corp. | 184997 |
| 3468 | United Bankshares Inc. | 125334 |
| 3124 | United Community Banks Inc. | 89784 |
| 157 | Unity Bancorp Inc. | 6940 |
| 42362 | Univest Financial Corp. | 1250526 |
| 262 | USCB Financial Holdings Inc. | 4331 |
| 207346 | Valley National Bancorp | 1820498 |
| 1369 | Veritex Holdings Inc. | 33130 |
| 106 | Virginia National Bankshares Corp. | 3959 |
| 857 | Walker & Dunlop Inc. | 58696 |
| 575 | Washington Trust Bancorp Inc. | 15905 |
| 1028 | Webster Financial Corp. | 52921 |
| 2233 | WesBanco Inc. | 68732 |
| 363 | West BanCorp Inc. | 7035 |
| 18193 | Westamerica BanCorp | 874174 |
| 647 | Western Alliance Bancorp | 46849 |
| 28801 | Wintrust Financial Corp. | 3439127 |
| 867 | Zions Bancorp N.A. | 41061 |
|  | Total Banks | 41062965 |
| **Diversified Financial Services - 2.7%** | **Diversified Financial Services - 2.7%** |  |
| 694 | Acadian Asset Management Inc. | 20896 |
| 187 | Affiliated Managers Group Inc. | 32912 |
| 613 | Air Lease Corp., Class A Shares | 35315 |
| 1657 | Ally Financial Inc. | 57995 |
| 1542 | AlTi Global Inc.<sup>\*</sup> | 5119 |
| 548 | Ameriprise Financial Inc. | 279064 |
| 1050 | Ares Management Corp., Class A Shares | 173775 |
| 1674 | Artisan Partners Asset Management Inc., Class A Shares | 67462 |
| 189 | Atlanticus Holdings Corp.<sup>\*</sup> | 9270 |
| 761 | B Riley Financial Inc.<sup>\*</sup> | 2321 |
| 9714 | BGC Group Inc., Class A Shares | 90146 |
| 130228 | Blue Owl Capital Inc., Class A Shares | 2432659 |
| 1318 | Bread Financial Holdings Inc. | 67534 |
| 643 | Brookfield Business Corp., Class A Shares | 18345 |
| 5321 | Burford Capital Ltd. | 68428 |
| 597 | Cboe Global Markets Inc. | 136785 |
| 730 | Cohen & Steers Inc. | 56093 |
| 1154 | Coinbase Global Inc., Class A Shares<sup>\*</sup> | 284599 |
| 629 | Columbia Financial Inc.<sup>\*</sup> | 9001 |
| 487 | Consumer Portfolio Services Inc.<sup>\*</sup> | 4407 |
| 35 | Credit Acceptance Corp.<sup>\*</sup> | 16706 |
| 6394 | Dave Inc.<sup>\*</sup> | 1284043 |
| 60 | Diamond Hill Investment Group Inc. | 8476 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Diversified Financial Services - (continued)** | **Diversified Financial Services - (continued)** |  |
| 750 | Enact Holdings Inc. | $26550 |
| 603 | Encore Capital Group Inc.<sup>\*</sup> | 22854 |
| 674 | Enova International Inc.<sup>\*</sup> | 62460 |
| 216 | Evercore Inc., Class A Shares | 50002 |
| 240 | Federal Agricultural Mortgage Corp., Class C Shares | 44741 |
| 141 | First Western Financial Inc.<sup>\*</sup> | 2938 |
| 134 | Forge Global Holdings Inc.<sup>\*</sup> | 1863 |
| 1905 | Franklin Resources Inc. | 41224 |
| 1025 | GCM Grosvenor Inc., Class A Shares | 12925 |
| 1043 | Hamilton Lane Inc., Class A Shares | 155407 |
| 316 | Houlihan Lokey Inc., Class A Shares | 55199 |
| 597 | Interactive Brokers Group Inc., Class A Shares | 125179 |
| 856 | International Money Express Inc.<sup>\*</sup> | 9442 |
| 2178 | Invesco Ltd. | 31494 |
| 765 | Janus Henderson Group PLC | 27792 |
| 1057 | Jefferies Financial Group Inc. | 51370 |
| 650 | Lazard Inc., Class A Shares | 28210 |
| 63191 | LendingClub Corp.<sup>\*</sup> | 633806 |
| 311 | LendingTree Inc.<sup>\*</sup> | 10891 |
| 7149 | LPL Financial Holdings Inc. | 2767807 |
| 344 | Medallion Financial Corp. | 3154 |
| 1851 | Moelis & Co., Class A Shares | 105711 |
| 1662 | Mr Cooper Group Inc.<sup>\*</sup> | 215279 |
| 2339 | Nasdaq Inc. | 195400 |
| 2039 | Navient Corp. | 27404 |
| 372 | Nelnet Inc., Class A Shares | 43219 |
| 1244 | NerdWallet Inc., Class A Shares<sup>\*</sup> | 13112 |
| 669 | OneMain Holdings Inc., Class A Shares | 34681 |
| 113 | Onity Group Inc.<sup>\*</sup> | 4188 |
| 376 | OppFi Inc. | 4764 |
| 4929 | Pagseguro Digital Ltd., Class A Shares | 43917 |
| 888 | Paysign Inc.<sup>\*</sup> | 3952 |
| 710 | PennyMac Financial Services Inc. | 68160 |
| 1353 | Perella Weinberg Partners, Class A Shares | 23502 |
| 455 | Piper Sandler Cos | 114410 |
| 629 | PJT Partners Inc., Class A Shares | 94765 |
| 979 | PRA Group Inc.<sup>\*</sup> | 13892 |
| 3909 | Radian Group Inc. | 133492 |
| 1150 | Raymond James Financial Inc. | 169027 |
| 287 | Regional Management Corp. | 7591 |
| 69 | Resolute Holdings Management Inc.<sup>\*</sup> | 2373 |
| 688 | Rocket Cos., Inc., Class A Shares<sup>(a)</sup> | 8772 |
| 599 | SEI Investments Co. | 51071 |
| 167 | Silvercrest Asset Management Group Inc., Class A Shares | 2425 |
| 1271 | SLM Corp. | 41142 |
| 6011 | SoFi Technologies Inc.<sup>\*</sup> | 79946 |
| 1740 | StepStone Group Inc., Class A Shares | 100659 |
| 600 | Stifel Financial Corp. | 56532 |
| 9563 | StoneX Group Inc.<sup>\*</sup> | 809556 |
| 222 | SWK Holdings Corp. | 3110 |
| 2201 | Synchrony Financial | 126888 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Diversified Financial Services - (continued)** | **Diversified Financial Services - (continued)** |  |
| 1241 | T Rowe Price Group Inc. | $116145 |
| 607 | TPG Inc., Class A Shares | 29215 |
| 13888 | Tradeweb Markets Inc., Class A Shares | 2006122 |
| 17919 | Upstart Holdings Inc.<sup>\*</sup> | 845239 |
| 534 | UWM Holdings Corp. | 2296 |
| 211 | Velocity Financial Inc.<sup>\*</sup> | 3534 |
| 1090 | Victory Capital Holdings Inc., Class A Shares | 67591 |
| 426 | Virtu Financial Inc., Class A Shares | 17121 |
| 176 | Virtus Investment Partners Inc. | 30043 |
| 31121 | Voya Financial Inc. | 2070169 |
| 1928 | Western Union Co. | 17892 |
| 3641 | WisdomTree Inc. | 34371 |
| 102 | World Acceptance Corp.<sup>\*</sup> | 15757 |
| 2442 | XP Inc., Class A Shares | 47277 |
|  | Total Diversified Financial Services | 17228371 |
| **Equity Real Estate Investment Trusts (REITs) - 5.0%** | **Equity Real Estate Investment Trusts (REITs) - 5.0%** |  |
| 3165 | Acadia Realty Trust | 60958 |
| 301 | Advanced Flower Capital Inc. | 1493 |
| 569 | AG Mortgage Investment Trust Inc. | 3960 |
| 5247 | AGNC Investment Corp.<sup>(a)</sup> | 46908 |
| 32742 | Agree Realty Corp. | 2465473 |
| 1894 | Alexander & Baldwin Inc. | 33922 |
| 50 | Alexander's Inc. | 11259 |
| 962 | Alexandria Real Estate Equities Inc. | 67523 |
| 238 | Alpine Income Property Trust Inc. | 3646 |
| 1245 | American Assets Trust Inc. | 24825 |
| 3991 | American Healthcare REIT Inc. | 139446 |
| 44920 | American Homes 4 Rent, Class A Shares | 1700222 |
| 1702 | Americold Realty Trust Inc. | 28202 |
| 290 | Angel Oak Mortgage REIT Inc. | 2642 |
| 3137 | Annaly Capital Management Inc. | 59446 |
| 3683 | Apartment Investment & Management Co., Class A Shares | 29390 |
| 3700 | Apollo Commercial Real Estate Finance Inc. | 36371 |
| 6078 | Apple Hospitality REIT Inc. | 70444 |
| 4891 | Arbor Realty Trust Inc. | 46856 |
| 1981 | Ares Commercial Real Estate Corp. | 9132 |
| 2285 | Armada Hoffler Properties Inc. | 15904 |
| 1598 | ARMOUR Residential REIT Inc. | 25904 |
| 805 | AvalonBay Communities Inc. | 166450 |
| 4532 | Blackstone Mortgage Trust Inc., Class A Shares | 85609 |
| 1207 | Braemar Hotels & Resorts Inc. | 2752 |
| 4307 | Brandywine Realty Trust | 18219 |
| 3263 | BrightSpire Capital Inc., Class A Shares | 16511 |
| 1800 | Brixmor Property Group Inc. | 45738 |
| 5028 | Broadstone Net Lease Inc., Class A Shares | 79995 |
| 219 | BRT Apartments Corp. | 3451 |
| 878 | BXP Inc. | 59116 |
| 580 | Camden Property Trust | 68144 |
| 4939 | CareTrust REIT Inc. | 142046 |
| 590 | CBL & Associates Properties Inc. | 14874 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Equity Real Estate Investment Trusts (REITs) - (continued)** | **Equity Real Estate Investment Trusts (REITs) - (continued)** |  |
| 474 | Centerspace | $30217 |
| 1602 | Chatham Lodging Trust | 11422 |
| 62375 | Chimera Investment Corp. | 822102 |
| 884 | City Office REIT Inc. | 4314 |
| 3235 | Claros Mortgage Trust Inc. | 8314 |
| 642 | Community Healthcare Trust Inc. | 10490 |
| 62877 | COPT Defense Properties | 1725974 |
| 1001 | Cousins Properties Inc. | 28098 |
| 24273 | Crown Castle Inc. | 2435796 |
| 46066 | CTO Realty Growth Inc. | 848536 |
| 1354 | CubeSmart | 57897 |
| 2509 | Curbline Properties Corp. | 56929 |
| 5531 | DiamondRock Hospitality Co. | 42257 |
| 1887 | Digital Realty Trust Inc. | 323658 |
| 5365 | Diversified Healthcare Trust | 16792 |
| 4293 | Douglas Emmett Inc. | 61089 |
| 2309 | Dynex Capital Inc. | 27800 |
| 1009 | Easterly Government Properties Inc., Class A Shares | 21926 |
| 14291 | EastGroup Properties Inc. | 2423039 |
| 2514 | Ellington Financial Inc. | 31601 |
| 2299 | Elme Communities | 36922 |
| 3495 | Empire State Realty Trust Inc., Class A Shares | 26772 |
| 431 | EPR Properties | 24002 |
| 1059 | Equity LifeStyle Properties Inc. | 67321 |
| 2141 | Equity Residential | 150170 |
| 4608 | Essential Properties Realty Trust Inc. | 149760 |
| 360 | Essex Property Trust Inc. | 102204 |
| 10187 | Extra Space Storage Inc. | 1539765 |
| 1048 | Farmland Partners Inc. | 11863 |
| 469 | Federal Realty Investment Trust | 44780 |
| 790 | First Industrial Realty Trust Inc. | 39050 |
| 2668 | Four Corners Property Trust Inc. | 73663 |
| 2113 | Franklin BSP Realty Trust Inc. | 23306 |
| 1845 | Franklin Street Properties Corp. | 3358 |
| 475 | FrontView REIT Inc. | 5467 |
| 1461 | Gaming & Leisure Properties Inc. | 68229 |
| 1294 | Getty Realty Corp. | 37862 |
| 1339 | Gladstone Commercial Corp. | 19215 |
| 760 | Gladstone Land Corp. | 7513 |
| 1435 | Global Medical REIT Inc. | 9127 |
| 5254 | Global Net Lease Inc. | 40771 |
| 931 | Granite Point Mortgage Trust Inc. | 2411 |
| 1930 | Healthcare Realty Trust Inc., Class A Shares | 27985 |
| 3919 | Healthpeak Properties Inc. | 68230 |
| 602 | Highwoods Properties Inc. | 17879 |
| 3898 | Host Hotels & Resorts Inc. | 60380 |
| 3139 | Hudson Pacific Properties Inc. | 5839 |
| 5920 | Independence Realty Trust Inc. | 110053 |
| 1352 | Industrial Logistics Properties Trust | 4448 |
| 752 | Innovative Industrial Properties Inc., Class A Shares | 41525 |
| 2093 | InvenTrust Properties Corp. | 58792 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Equity Real Estate Investment Trusts (REITs) - (continued)** | **Equity Real Estate Investment Trusts (REITs) - (continued)** |  |
| 1624 | Invesco Mortgage Capital Inc. | $11985 |
| 3461 | Invitation Homes Inc. | 116636 |
| 1652 | Iron Mountain Inc. | 163069 |
| 2178 | JBG SMITH Properties | 37244 |
| 687 | Kilroy Realty Corp. | 22121 |
| 3705 | Kimco Realty Corp. | 78768 |
| 5696 | Kite Realty Group Trust | 125996 |
| 1468 | KKR Real Estate Finance Trust Inc. | 13109 |
| 2949 | Ladder Capital Corp., Class A Shares | 31023 |
| 487 | Lamar Advertising Co., Class A Shares | 58703 |
| 362 | Lineage Inc. | 15454 |
| 1227 | LTC Properties Inc. | 43424 |
| 7721 | LXP Industrial Trust | 66246 |
| 6529 | Macerich Co. | 105639 |
| 3362 | Medical Properties Trust Inc. | 15364 |
| 2656 | MFA Financial Inc. | 24701 |
| 14356 | Mid-America Apartment Communities Inc. | 2248867 |
| 784 | Millrose Properties Inc. | 21850 |
| 1201 | National Health Investors Inc. | 87085 |
| 50174 | National Storage Affiliates Trust | 1725986 |
| 354 | NET Lease Office Properties<sup>\*</sup> | 11048 |
| 2332 | NETSTREIT Corp. | 37545 |
| 2177 | New York Mortgage Trust Inc. | 14216 |
| 196 | Nexpoint Real Estate Finance Inc. | 2895 |
| 580 | NexPoint Residential Trust Inc. | 19720 |
| 1088 | NNN REIT Inc. | 45435 |
| 1506 | Omega Healthcare Investors Inc. | 55722 |
| 364 | One Liberty Properties Inc. | 8911 |
| 2365 | Orchid Island Capital Inc. | 16153 |
| 1037 | Orion Properties Inc. | 1981 |
| 3910 | Outfront Media Inc. | 64593 |
| 4701 | Paramount Group Inc. | 28441 |
| 1181 | Park Hotels & Resorts Inc. | 12235 |
| 828 | Peakstone Realty Trust | 10259 |
| 3115 | Pebblebrook Hotel Trust | 28596 |
| 2247 | PennyMac Mortgage Investment Trust | 27593 |
| 3217 | Phillips Edison & Co., Inc. | 114075 |
| 3200 | Piedmont Office Realty Trust Inc., Class A Shares | 22784 |
| 973 | Plymouth Industrial REIT Inc. | 15763 |
| 814 | Postal Realty Trust Inc., Class A Shares | 11266 |
| 2117 | PotlatchDeltic Corp. | 83283 |
| 912 | Rayonier Inc. | 21614 |
| 4168 | Ready Capital Corp. | 18631 |
| 4961 | Realty Income Corp. | 280892 |
| 3370 | Redwood Trust Inc. | 18367 |
| 1014 | Regency Centers Corp. | 73160 |
| 1301 | Rexford Industrial Realty Inc. | 45847 |
| 3036 | Rithm Capital Corp. | 33851 |
| 3966 | RLJ Lodging Trust | 28952 |
| 1541 | Ryman Hospitality Properties Inc. | 149647 |
| 6193 | Sabra Health Care REIT Inc. | 108254 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Equity Real Estate Investment Trusts (REITs) - (continued)** | **Equity Real Estate Investment Trusts (REITs) - (continued)** |  |
| 1335 | Safehold Inc. | $20118 |
| 315 | Saul Centers Inc. | 10609 |
| 608 | SBA Communications Corp., Class A Shares | 140989 |
| 3830 | Service Properties Trust | 8886 |
| 590 | Seven Hills Realty Trust | 6956 |
| 1842 | Simon Property Group Inc. | 300375 |
| 1157 | SITE Centers Corp. | 13791 |
| 1878 | SL Green Realty Corp. | 106614 |
| 56657 | STAG Industrial Inc. | 2015856 |
| 93376 | Starwood Property Trust Inc. | 1844176 |
| 354 | Strawberry Fields REIT Inc. | 3611 |
| 2608 | Summit Hotel Properties Inc. | 11423 |
| 710 | Sun Communities Inc. | 87642 |
| 100 | Sunrise Realty Trust Inc. | 1074 |
| 5367 | Sunstone Hotel Investors Inc. | 48088 |
| 2817 | Tanger Inc. | 83947 |
| 2593 | Terreno Realty Corp. | 146297 |
| 1453 | TPG RE Finance Trust Inc. | 11159 |
| 2688 | Two Harbors Investment Corp. | 28466 |
| 1845 | UDR Inc. | 76438 |
| 2039 | UMH Properties Inc. | 34235 |
| 6195 | Uniti Group Inc. | 26639 |
| 307 | Universal Health Realty Income Trust | 12191 |
| 3493 | Urban Edge Properties | 63433 |
| 36373 | Ventas Inc. | 2338056 |
| 2039 | Veris Residential Inc. | 30993 |
| 5984 | VICI Properties Inc., Class A Shares | 189753 |
| 1050 | Vornado Realty Trust | 39554 |
| 4118 | Weyerhaeuser Co. | 106697 |
| 1220 | Whitestone REIT, Class B Shares | 15030 |
| 1217 | WP Carey Inc. | 76379 |
| 2660 | Xenia Hotels & Resorts Inc. | 32532 |
|  | Total Equity Real Estate Investment Trusts (REITs) | 31810750 |
| **Insurance - 3.8%** | **Insurance - 3.8%** |  |
| 3146 | Aflac Inc. | 325737 |
| 10896 | Allstate Corp. | 2286743 |
| 1080 | Ambac Financial Group Inc.<sup>\*</sup> | 8456 |
| 525 | American Coastal Insurance Corp. | 5670 |
| 433 | American Financial Group Inc. | 53683 |
| 489 | AMERISAFE Inc. | 23213 |
| 2049 | Arch Capital Group Ltd. | 194737 |
| 1402 | Arthur J Gallagher & Co. | 487111 |
| 286 | Assurant Inc. | 58052 |
| 291 | Assured Guaranty Ltd. | 24604 |
| 462 | Axis Capital Holdings Ltd. | 47956 |
| 1754 | Baldwin Insurance Group Inc., Class A Shares<sup>\*</sup> | 67582 |
| 14509 | Bowhead Specialty Holdings Inc.<sup>\*</sup> | 541186 |
| 352 | Brighthouse Financial Inc.<sup>\*</sup> | 21053 |
| 1354 | Brown & Brown Inc. | 152867 |
| 867 | Cincinnati Financial Corp. | 130761 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Insurance - (continued)** | **Insurance - (continued)** |  |
| 113 | CNA Financial Corp. | $5414 |
| 2670 | CNO Financial Group Inc. | 101353 |
| 1583 | Corebridge Financial Inc. | 51622 |
| 327 | Crawford & Co., Class A Shares | 3397 |
| 317 | Donegal Group Inc., Class A Shares | 6403 |
| 640 | Employers Holdings Inc. | 31149 |
| 332 | Enstar Group Ltd.<sup>\*</sup> | 111223 |
| 1850 | Equitable Holdings Inc. | 97809 |
| 2743 | Essent Group Ltd. | 159094 |
| 239 | Everest Group Ltd. | 82978 |
| 468 | F&G Annuities & Life Inc. | 14957 |
| 1259 | Fidelis Insurance Holdings Ltd. | 22007 |
| 1461 | Fidelity National Financial Inc. | 80019 |
| 24388 | First American Financial Corp. | 1361094 |
| 11447 | Genworth Financial Inc., Class A Shares<sup>\*</sup> | 80701 |
| 462 | Globe Life Inc. | 56304 |
| 298 | GoHealth Inc., Class A Shares<sup>\*</sup> | 1642 |
| 596 | Goosehead Insurance Inc., Class A Shares | 64523 |
| 622 | Greenlight Capital Re Ltd., Class A Shares<sup>\*</sup> | 8982 |
| 1209 | Hamilton Insurance Group Ltd., Class B Shares<sup>\*</sup> | 26308 |
| 15991 | Hanover Insurance Group Inc. | 2814096 |
| 11645 | Hartford Insurance Group Inc. | 1511987 |
| 9050 | HCI Group Inc. | 1527368 |
| 553 | Heritage Insurance Holdings Inc.<sup>\*</sup> | 13532 |
| 470 | Hippo Holdings Inc.<sup>\*</sup> | 11073 |
| 1075 | Horace Mann Educators Corp. | 46687 |
| 31 | Investors Title Co. | 7255 |
| 1923 | Jackson Financial Inc., Class A Shares | 157513 |
| 1462 | James River Group Holdings Ltd. | 8509 |
| 15244 | Kemper Corp. | 971500 |
| 79 | Kestrel Group Ltd.<sup>\*</sup> | 2007 |
| 301 | Kingsway Financial Services Inc.<sup>\*</sup> | 3871 |
| 3833 | Kinsale Capital Group Inc. | 1809138 |
| 1402 | Lemonade Inc.<sup>\*</sup> | 46967 |
| 1011 | Lincoln National Corp. | 33504 |
| 1009 | Loews Corp. | 90094 |
| 72 | Markel Group Inc.<sup>\*</sup> | 139802 |
| 900 | MBIA Inc.<sup>\*</sup> | 3969 |
| 704 | Mercury General Corp. | 45394 |
| 73218 | MGIC Investment Corp. | 1936616 |
| 211 | NI Holdings Inc.<sup>\*</sup> | 2802 |
| 33603 | NMI Holdings Inc., Class A Shares<sup>\*</sup> | 1334711 |
| 1291 | Old Republic International Corp. | 48800 |
| 7283 | Palomar Holdings Inc.<sup>\*</sup> | 1248816 |
| 185 | Primerica Inc. | 50061 |
| 1281 | Principal Financial Group Inc. | 99777 |
| 1283 | ProAssurance Corp.<sup>\*</sup> | 29753 |
| 2043 | Prudential Financial Inc. | 212247 |
| 369 | Reinsurance Group of America Inc. | 75014 |
| 288 | RenaissanceRe Holdings Ltd. | 71833 |
| 494 | RLI Corp. | 37974 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Insurance - (continued)** | **Insurance - (continued)** |  |
| 6829 | Root Inc., Class A Shares<sup>\*</sup> | $894531 |
| 611 | Ryan Specialty Holdings Inc., Class A Shares | 43729 |
| 379 | Safety Insurance Group Inc. | 31131 |
| 1597 | Selective Insurance Group Inc. | 140568 |
| 3276 | Selectquote Inc.<sup>\*</sup> | 7109 |
| 2562 | SiriusPoint Ltd.<sup>\*</sup> | 50190 |
| 15366 | Skyward Specialty Insurance Group Inc.<sup>\*</sup> | 973436 |
| 712 | Stewart Information Services Corp. | 42962 |
| 592 | Tiptree Inc. | 13131 |
| 866 | Trupanion Inc.<sup>\*</sup> | 40867 |
| 13874 | TWFG Inc., Class A Shares<sup>\*</sup> | 485729 |
| 567 | United Fire Group Inc. | 16131 |
| 550 | Universal Insurance Holdings Inc. | 14927 |
| 1022 | Unum Group | 83508 |
| 15 | White Mountains Insurance Group Ltd. | 26772 |
| 572 | Willis Towers Watson PLC | 181067 |
| 1662 | WR Berkley Corp. | 124135 |
|  | Total Insurance | 24358983 |
| **Investment Companies - 0.3%** | **Investment Companies - 0.3%** |  |
| 2641 | Bit Digital Inc.<sup>\*</sup> | 6233 |
| 1453 | Cannae Holdings Inc. | 27099 |
| 5739 | Cipher Mining Inc.<sup>\*</sup> | 17906 |
| 7575 | Cleanspark Inc.<sup>\*</sup> | 65372 |
| 76495 | Core Scientific Inc.<sup>\*</sup> | 814672 |
| 2422 | FTAI Infrastructure Inc. | 14798 |
| 3225 | HA Sustainable Infrastructure Capital Inc., REIT | 80786 |
| 2263 | Hut 8 Corp.<sup>\*</sup> | 34556 |
| 8957 | MARA Holdings Inc.<sup>\*(a)</sup> | 126473 |
| 919 | NewtekOne Inc. | 9971 |
| 8534 | Riot Platforms Inc.<sup>\*</sup> | 68869 |
| 130759 | Terawulf Inc.<sup>\*</sup> | 461579 |
|  | Total Investment Companies | 1728314 |
| **Private Equity - 0.0%** | **Private Equity - 0.0%** |  |
| 1326 | Carlyle Group Inc. | 59935 |
| 367 | Chicago Atlantic Real Estate Finance Inc., REIT | 5344 |
| 20755 | P10 Inc., Class A Shares | 225399 |
| 1705 | Patria Investments Ltd., Class A Shares | 21722 |
|  | Total Private Equity | 312400 |
| **Real Estate - 0.7%** | **Real Estate - 0.7%** |  |
| 2212 | Anywhere Real Estate Inc.<sup>\*</sup> | 7720 |
| 1739 | CBRE Group Inc., Class A Shares<sup>\*</sup> | 217410 |
| 137117 | Compass Inc., Class A Shares<sup>\*</sup> | 810361 |
| 8700 | CoStar Group Inc.<sup>\*</sup> | 639972 |
| 6096 | Cushman & Wakefield PLC<sup>\*</sup> | 61143 |
| 2112 | eXp World Holdings Inc. | 17994 |
| 306 | FRP Holdings Inc.<sup>\*</sup> | 8299 |
| 173 | Howard Hughes Holdings Inc.<sup>\*</sup> | 11818 |
| 264 | Jones Lang LaSalle Inc.<sup>\*</sup> | 58793 |
| 2946 | Kennedy-Wilson Holdings Inc. | 18766 |
| 241 | Legacy Housing Corp.<sup>\*</sup> | 5372 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Real Estate - (continued)** | **Real Estate - (continued)** |  |
| 598 | Marcus & Millichap Inc. | $17228 |
| 190 | Maui Land & Pineapple Co., Inc.<sup>\*</sup> | 3017 |
| 648 | McGrath RentCorp | 72822 |
| 224787 | Newmark Group Inc., Class A Shares | 2474905 |
| 638 | RE/MAX Holdings Inc., Class A Shares<sup>\*</sup> | 4817 |
| 2345 | Real Brokerage Inc.<sup>\*</sup> | 9661 |
| 3495 | Redfin Corp.<sup>\*(a)</sup> | 34915 |
| 595 | RMR Group Inc., Class A Shares | 8984 |
| 70 | Seaport Entertainment Group Inc.<sup>\*</sup> | 1368 |
| 593 | Sky Harbour Group Corp., Class A Shares<sup>\*</sup> | 6108 |
| 949 | St Joe Co. | 42430 |
| 227 | Star Holdings<sup>\*</sup> | 1437 |
| 128 | Stratus Properties Inc.<sup>\*</sup> | 2323 |
|  | Total Real Estate | 4537663 |
| **Savings & Loans - 0.1%** | **Savings & Loans - 0.1%** |  |
| 1429 | Axos Financial Inc.<sup>\*</sup> | 99373 |
| 3671 | Banc of California Inc. | 50366 |
| 1110 | Berkshire Hills Bancorp Inc. | 27484 |
| 2262 | Brookline Bancorp Inc. | 23366 |
| 3137 | Capitol Federal Financial Inc. | 17912 |
| 153 | ESSA Bancorp Inc. | 2814 |
| 6613 | Flagstar Financial Inc. | 76182 |
| 987 | Flushing Financial Corp. | 11874 |
| 236 | FS Bancorp Inc. | 9065 |
| 248 | Greene County Bancorp Inc. | 5379 |
| 36 | Hingham Institution For Savings The | 8727 |
| 156 | Home Bancorp Inc. | 7862 |
| 350 | HomeTrust Bancshares Inc. | 12631 |
| 882 | Northfield Bancorp Inc. | 10302 |
| 3343 | Northwest Bancshares Inc. | 41052 |
| 1479 | OceanFirst Financial Corp. | 24862 |
| 2539 | Pacific Premier Bancorp Inc. | 53827 |
| 3333 | Provident Financial Services Inc. | 55661 |
| 233 | Southern Missouri Bancorp Inc. | 12270 |
| 210 | TFS Financial Corp. | 2774 |
| 153 | Timberland Bancorp Inc. | 4656 |
| 2218 | WaFd Inc. | 63035 |
| 338 | Waterstone Financial Inc. | 4367 |
| 1572 | WSFS Financial Corp. | 83143 |
|  | Total Savings & Loans | 708984 |
|  | **TOTAL FINANCIAL** | **121748430** |
| **GOVERNMENT - 0.0%** | **GOVERNMENT - 0.0%** |  |
| **Multi-National - 0.0%** | **Multi-National - 0.0%** |  |
| 696 | Banco Latinoamericano de Comercio Exterior SA, Class E Shares | 28550 |
| **INDUSTRIAL - 18.3%** | **INDUSTRIAL - 18.3%** |  |
| **Aerospace/Defense - 3.6%** | **Aerospace/Defense - 3.6%** |  |
| 904 | AAR Corp.<sup>\*</sup> | 55515 |
| 7148 | AeroVironment Inc.<sup>\*</sup> | 1272559 |
| 1374 | AerSale Corp.<sup>\*</sup> | 8093 |
| 77526 | Archer Aviation Inc., Class A Shares<sup>\*</sup> | 782237 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Aerospace/Defense - (continued)** | **Aerospace/Defense - (continued)** |  |
| 733 | Astronics Corp.<sup>\*</sup> | $22884 |
| 6792 | Curtiss-Wright Corp. | 2989227 |
| 343 | Ducommun Inc.<sup>\*</sup> | 24140 |
| 1635 | Eve Holding Inc.<sup>\*</sup> | 8829 |
| 22129 | FTAI Aviation Ltd. | 2592412 |
| 7400 | General Dynamics Corp. | 2060826 |
| 247 | HEICO Corp. | 74011 |
| 458 | HEICO Corp., Class A Shares | 108015 |
| 60758 | Hexcel Corp. | 3213491 |
| 11559 | Howmet Aerospace Inc. | 1963759 |
| 1147 | Intuitive Machines Inc., Class A Shares<sup>\*</sup> | 13087 |
| 11857 | Joby Aviation Inc.<sup>\*</sup> | 92722 |
| 23783 | Karman Holdings Inc.<sup>\*(a)</sup> | 1019339 |
| 31028 | Kratos Defense & Security Solutions Inc.<sup>\*</sup> | 1144623 |
| 1077 | L3Harris Technologies Inc. | 263154 |
| 49295 | Leonardo DRS Inc. | 2085179 |
| 17488 | Loar Holdings Inc.<sup>\*</sup> | 1522330 |
| 7004 | Mercury Systems Inc.<sup>\*</sup> | 344947 |
| 735 | Moog Inc., Class A Shares | 136203 |
| 122 | National Presto Industries Inc. | 10449 |
| 12827 | Redwire Corp.<sup>\*(a)</sup> | 183554 |
| 29901 | Rocket Lab Corp.<sup>\*</sup> | 801048 |
| 665 | Spirit AeroSystems Holdings Inc., Class A Shares<sup>\*</sup> | 24858 |
| 773 | Standard Aero Inc.<sup>\*</sup> | 22672 |
| 10243 | TAT Technologies Ltd.<sup>\*</sup> | 266625 |
| 2013 | Triumph Group Inc.<sup>\*</sup> | 51915 |
| 605 | Virgin Galactic Holdings Inc.<sup>\*(a)</sup> | 1942 |
| 590 | VirTra Inc.<sup>\*</sup> | 3446 |
|  | Total Aerospace/Defense | 23164091 |
| **Building Materials - 1.7%** | **Building Materials - 1.7%** |  |
| 410 | AAON Inc. | 39479 |
| 406 | American Woodmark Corp.<sup>\*</sup> | 22886 |
| 573 | Apogee Enterprises Inc. | 22146 |
| 258 | Armstrong World Industries Inc. | 40153 |
| 1498 | Aspen Aerogels Inc.<sup>\*</sup> | 8628 |
| 17325 | AZEK Co., Inc., Class A Shares<sup>\*</sup> | 857761 |
| 1004 | Boise Cascade Co. | 87228 |
| 636 | Builders FirstSource Inc.<sup>\*</sup> | 68484 |
| 1069 | Caesarstone Ltd.<sup>\*</sup> | 1817 |
| 201 | Eagle Materials Inc. | 40644 |
| 745 | Fortune Brands Innovations Inc. | 37548 |
| 9777 | Gauzy Ltd.<sup>\*(a)</sup> | 80269 |
| 807 | Gibraltar Industries Inc.<sup>\*</sup> | 47274 |
| 1081 | Griffon Corp. | 74319 |
| 770 | Hayward Holdings Inc.<sup>\*</sup> | 10742 |
| 2225 | JELD-WEN Holding Inc.<sup>\*</sup> | 8121 |
| 22886 | Knife River Corp.<sup>\*</sup> | 2153573 |
| 181 | Lennox International Inc. | 102165 |
| 384 | Louisiana-Pacific Corp. | 34587 |
| 683 | LSI Industries Inc. | 11112 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Building Materials - (continued)** | **Building Materials - (continued)** |  |
| 348 | Martin Marietta Materials Inc. | $190547 |
| 1213 | Masco Corp. | 75715 |
| 3352 | Masterbrand Inc.<sup>\*</sup> | 34190 |
| 12153 | Modine Manufacturing Co.<sup>\*</sup> | 1103492 |
| 314 | Mohawk Industries Inc.<sup>\*</sup> | 31592 |
| 226 | Northwest Pipe Co.<sup>\*</sup> | 8733 |
| 19579 | Owens Corning | 2622607 |
| 254 | Simpson Manufacturing Co., Inc. | 39548 |
| 6204 | SmartRent Inc., Class A Shares<sup>\*</sup> | 5238 |
| 219 | Smith-Midland Corp.<sup>\*</sup> | 6601 |
| 1184 | SPX Technologies Inc.<sup>\*</sup> | 180075 |
| 587 | Tecnoglass Inc. | 50265 |
| 650 | Trex Co., Inc.<sup>\*</sup> | 36316 |
| 1570 | UFP Industries Inc. | 153169 |
| 9252 | Vulcan Materials Co. | 2452428 |
|  | Total Building Materials | 10739452 |
| **Electrical Components & Equipment - 0.7%** | **Electrical Components & Equipment - 0.7%** |  |
| 186 | Acuity Inc. | 48340 |
| 31600 | American Superconductor Corp.<sup>\*</sup> | 893016 |
| 1313 | AMETEK Inc. | 234686 |
| 10186 | Belden Inc. | 1081753 |
| 14988 | ChargePoint Holdings Inc.<sup>\*(a)</sup> | 10426 |
| 16500 | Emerson Electric Co. | 1969770 |
| 1903 | Energizer Holdings Inc. | 44321 |
| 1069 | EnerSys | 89401 |
| 356 | Generac Holdings Inc.<sup>\*</sup> | 43478 |
| 277 | Graham Corp.<sup>\*</sup> | 10922 |
| 446 | Insteel Industries Inc. | 15619 |
| 145 | Littelfuse Inc. | 29734 |
| 1088 | nLight Inc.<sup>\*</sup> | 16461 |
| 940 | Novanta Inc.<sup>\*</sup> | 116391 |
| 248 | Powell Industries Inc. | 42058 |
| 517 | Ultralife Corp.<sup>\*</sup> | 3448 |
| 281 | Universal Display Corp. | 40281 |
|  | Total Electrical Components & Equipment | 4690105 |
| **Electronics - 2.0%** | **Electronics - 2.0%** |  |
| 980 | Advanced Energy Industries Inc. | 112484 |
| 491 | Allegion PLC | 70066 |
| 490 | Allient Inc. | 14896 |
| 20816 | Applied Optoelectronics Inc.<sup>\*</sup> | 320983 |
| 316 | Arrow Electronics Inc.<sup>\*</sup> | 37408 |
| 900 | Atkore Inc. | 58590 |
| 2185 | Atmus Filtration Technologies Inc. | 78704 |
| 529 | Avnet Inc. | 26455 |
| 773 | Badger Meter Inc. | 191874 |
| 84 | Bel Fuse Inc., Class A Shares | 5335 |
| 261 | Bel Fuse Inc., Class B Shares | 19262 |
| 934 | Benchmark Electronics Inc. | 34110 |
| 10468 | Celestica Inc.<sup>\*</sup> | 1207798 |
| 20871 | Coherent Corp.<sup>\*</sup> | 1578474 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Electronics - (continued)** | **Electronics - (continued)** |  |
| 786 | CTS Corp. | $31982 |
| 27975 | Enovix Corp.<sup>\*(a)</sup> | 213169 |
| 679 | ESCO Technologies Inc. | 123062 |
| 3272 | Evolv Technologies Holdings Inc.<sup>\*</sup> | 17865 |
| 461 | FARO Technologies Inc.<sup>\*</sup> | 19532 |
| 1965 | Fortive Corp. | 137923 |
| 879 | Garmin Ltd. | 178411 |
| 2389 | GoPro Inc., Class A Shares<sup>\*</sup> | 1584 |
| 5603 | Hubbell Inc., Class B Shares | 2182817 |
| 1185 | Itron Inc.<sup>\*</sup> | 136986 |
| 602 | Jabil Inc. | 101142 |
| 988 | Keysight Technologies Inc.<sup>\*</sup> | 155155 |
| 569 | Kimball Electronics Inc.<sup>\*</sup> | 10299 |
| 2273 | Knowles Corp.<sup>\*</sup> | 37300 |
| 126 | Mesa Laboratories Inc. | 12678 |
| 118 | Mettler-Toledo International Inc.<sup>\*</sup> | 136351 |
| 6353 | MicroVision Inc.<sup>\*</sup> | 6988 |
| 5397 | Mirion Technologies Inc., Class A Shares<sup>\*</sup> | 103083 |
| 916 | Napco Security Technologies Inc. | 25556 |
| 3799 | NEXTracker Inc., Class A Shares<sup>\*</sup> | 215365 |
| 107 | NVE Corp. | 7614 |
| 924 | nVent Electric PLC | 60799 |
| 428 | OSI Systems Inc.<sup>\*</sup> | 93779 |
| 727 | Plexus Corp.<sup>\*</sup> | 95426 |
| 1407 | Sanmina Corp.<sup>\*</sup> | 119159 |
| 883 | Sensata Technologies Holding PLC | 23011 |
| 7257 | Standard BioTools Inc.<sup>\*</sup> | 7330 |
| 997 | Stoneridge Inc.<sup>\*</sup> | 5005 |
| 454 | TD SYNNEX Corp. | 55088 |
| 15900 | TE Connectivity PLC | 2545113 |
| 1374 | Trimble Inc.<sup>\*</sup> | 97925 |
| 2630 | TTM Technologies Inc.<sup>\*</sup> | 78532 |
| 358 | Turtle Beach Corp.<sup>\*</sup> | 4110 |
| 586 | Vicor Corp.<sup>\*</sup> | 25573 |
| 3337 | Vishay Intertechnology Inc. | 46952 |
| 44417 | Vontier Corp. | 1587908 |
| 330 | Woodward Inc. | 71389 |
|  | Total Electronics | 12528400 |
| **Engineering & Construction - 1.2%** | **Engineering & Construction - 1.2%** |  |
| 502 | 908 Devices Inc.<sup>\*</sup> | 2851 |
| 744 | AECOM | 81728 |
| 1271 | Arcosa Inc. | 109649 |
| 408 | Bowman Consulting Group Ltd.<sup>\*</sup> | 10229 |
| 553 | Centuri Holdings Inc.<sup>\*</sup> | 11547 |
| 2910 | Comfort Systems USA Inc. | 1391649 |
| 473 | Concrete Pumping Holdings Inc. | 3325 |
| 13347 | Construction Partners Inc., Class A Shares<sup>\*</sup> | 1397297 |
| 746 | Dycom Industries Inc.<sup>\*</sup> | 171520 |
| 4757 | EMCOR Group Inc. | 2244638 |
| 277 | Everus Construction Group Inc.<sup>\*</sup> | 16041 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Engineering & Construction - (continued)** | **Engineering & Construction - (continued)** |  |
| 1323 | Exponent Inc. | $100998 |
| 4489 | Fluor Corp.<sup>\*</sup> | 186653 |
| 2097 | Frontdoor Inc.<sup>\*</sup> | 115356 |
| 1152 | Granite Construction Inc. | 103046 |
| 1661 | Great Lakes Dredge & Dock Corp.<sup>\*</sup> | 18570 |
| 216 | IES Holdings Inc.<sup>\*</sup> | 56087 |
| 695 | Jacobs Solutions Inc. | 87779 |
| 54537 | Latham Group Inc.<sup>\*</sup> | 308134 |
| 5927 | Limbach Holdings Inc.<sup>\*</sup> | 759960 |
| 376 | MasTec Inc.<sup>\*</sup> | 58630 |
| 904 | Mistras Group Inc.<sup>\*</sup> | 6825 |
| 433 | MYR Group Inc.<sup>\*</sup> | 67916 |
| 1484 | NV5 Global Inc.<sup>\*</sup> | 32796 |
| 1271 | Orion Group Holdings Inc.<sup>\*</sup> | 10473 |
| 1454 | Primoris Services Corp. | 104848 |
| 783 | Sterling Infrastructure Inc.<sup>\*</sup> | 147212 |
| 164 | TopBuild Corp.<sup>\*</sup> | 46394 |
| 1117 | Tutor Perini Corp.<sup>\*</sup> | 41195 |
|  | Total Engineering & Construction | 7693346 |
| **Environmental Control - 0.6%** | **Environmental Control - 0.6%** |  |
| 3476 | 374Water Inc.<sup>\*</sup> | 1510 |
| 1171 | Arq Inc.<sup>\*</sup> | 5785 |
| 1643 | Casella Waste Systems Inc., Class A Shares<sup>\*</sup> | 192576 |
| 16591 | CECO Environmental Corp.<sup>\*</sup> | 446132 |
| 9984 | Clean Harbors Inc.<sup>\*</sup> | 2264271 |
| 1458 | Energy Recovery Inc.<sup>\*</sup> | 18385 |
| 95403 | Enviri Corp.<sup>\*</sup> | 777534 |
| 5056 | LanzaTech Global Inc.<sup>\*</sup> | 1427 |
| 807 | Montrose Environmental Group Inc.<sup>\*</sup> | 15761 |
| 931 | Pentair PLC | 92336 |
| 624 | Perma-Fix Environmental Services Inc.<sup>\*</sup> | 6608 |
| 711 | Pure Cycle Corp.<sup>\*</sup> | 7551 |
| 3229 | PureCycle Technologies Inc.<sup>\*</sup> | 30708 |
| 818 | Quest Resource Holding Corp.<sup>\*</sup> | 1800 |
| 1619 | Tetra Tech Inc. | 56568 |
| 1399 | Veralto Corp. | 141341 |
|  | Total Environmental Control | 4060293 |
| **Hand/Machine Tools - 0.8%** | **Hand/Machine Tools - 0.8%** |  |
| 664 | Cadre Holdings Inc. | 21759 |
| 41200 | Enerpac Tool Group Corp., Class A Shares | 1766656 |
| 1185 | Franklin Electric Co., Inc. | 102372 |
| 2089 | Kennametal Inc. | 44976 |
| 309 | Lincoln Electric Holdings Inc. | 59819 |
| 606 | Luxfer Holdings PLC, ADR | 6927 |
| 220 | MSA Safety Inc. | 35854 |
| 23416 | Regal Rexnord Corp. | 3124631 |
| 292 | Snap-on Inc. | 93659 |
| 860 | Stanley Black & Decker Inc. | 56270 |
|  | Total Hand/Machine Tools | 5312923 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Machinery-Construction & Mining - 1.0%** | **Machinery-Construction & Mining - 1.0%** |  |
| 6666 | Argan Inc. | $1401860 |
| 572 | Astec Industries Inc. | 22474 |
| 5407 | Bloom Energy Corp., Class A Shares<sup>\*</sup> | 99867 |
| 11251 | BWX Technologies Inc. | 1413126 |
| 288 | Hyster-Yale Inc. | 11566 |
| 779 | Manitowoc Co., Inc.<sup>\*</sup> | 8187 |
| 673 | NANO Nuclear Energy Inc.<sup>\*(a)</sup> | 20277 |
| 920 | Net Power Inc.<sup>\*</sup> | 1960 |
| 19449 | NuScale Power Corp.<sup>\*</sup> | 622173 |
| 390 | Oshkosh Corp. | 38684 |
| 1777 | Terex Corp. | 79983 |
| 23135 | Vertiv Holdings Co., Class A Shares | 2496961 |
|  | Total Machinery-Construction & Mining | 6217118 |
| **Machinery-Diversified - 2.6%** | **Machinery-Diversified - 2.6%** |  |
| 371 | AGCO Corp. | 36351 |
| 269 | Alamo Group Inc. | 53273 |
| 824 | Albany International Corp., Class A Shares | 54442 |
| 1013 | Applied Industrial Technologies Inc. | 229465 |
| 36310 | Cactus Inc., Class A Shares | 1488710 |
| 7570 | Chart Industries Inc.<sup>\*</sup> | 1187430 |
| 4894 | CNH Industrial NV | 61224 |
| 1028 | Cognex Corp. | 30809 |
| 724 | Columbus McKinnon Corp. | 10541 |
| 10050 | Crane Co. | 1722570 |
| 440 | CSW Industrials Inc. | 134548 |
| 12677 | Dover Corp. | 2253337 |
| 309 | DXP Enterprises Inc.<sup>\*</sup> | 25548 |
| 1396 | Eastman Kodak Co.<sup>\*</sup> | 7929 |
| 338 | ESAB Corp. | 41571 |
| 42933 | Flowserve Corp. | 2142786 |
| 139114 | Gates Industrial Corp. PLC<sup>\*</sup> | 2942261 |
| 241 | Gencor Industries Inc.<sup>\*</sup> | 3323 |
| 517 | Gorman-Rupp Co. | 18870 |
| 941 | Graco Inc. | 79665 |
| 7588 | GrafTech International Ltd.<sup>\*</sup> | 7559 |
| 843 | Ichor Holdings Ltd.<sup>\*</sup> | 13303 |
| 426 | IDEX Corp. | 77068 |
| 2292 | Ingersoll Rand Inc. | 187119 |
| 319 | Kadant Inc. | 100137 |
| 1676 | Kornit Digital Ltd.<sup>\*</sup> | 36537 |
| 281 | Lindsay Corp. | 39171 |
| 318 | Middleby Corp.<sup>\*</sup> | 46469 |
| 23623 | Mueller Water Products Inc., Class A Shares | 579472 |
| 318 | Nordson Corp. | 67413 |
| 2269 | Otis Worldwide Corp. | 216349 |
| 6376 | Rockwell Automation Inc. | 2011947 |
| 122 | Taylor Devices Inc.<sup>\*</sup> | 4505 |
| 497 | Tennant Co. | 36987 |
| 849 | Thermon Group Holdings Inc.<sup>\*</sup> | 22023 |
| 561 | Toro Co. | 42513 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Machinery-Diversified - (continued)** | **Machinery-Diversified - (continued)** |  |
| 546 | Twin Disc Inc. | $3959 |
| 720 | Watts Water Technologies Inc., Class A Shares | 174326 |
| 968 | Westinghouse Air Brake Technologies Corp. | 195846 |
| 1372 | Xylem Inc. | 172927 |
| 3781 | Zurn Elkay Water Solutions Corp. | 136834 |
|  | Total Machinery-Diversified | 16697117 |
| **Metal Fabricate/Hardware - 1.1%** | **Metal Fabricate/Hardware - 1.1%** |  |
| 424 | Advanced Drainage Systems Inc. | 46623 |
| 5483 | AZZ Inc. | 497253 |
| 254 | Eastern Co. | 5682 |
| 869 | Helios Technologies Inc. | 26348 |
| 5188 | Hillman Solutions Corp.<sup>\*</sup> | 37561 |
| 3648 | Janus International Group Inc.<sup>\*</sup> | 29804 |
| 187 | L B Foster Co., Class A Shares<sup>\*</sup> | 3533 |
| 436 | Mayville Engineering Co., Inc.<sup>\*</sup> | 6871 |
| 1040 | Metallus Inc.<sup>\*</sup> | 13135 |
| 2944 | Mueller Industries Inc. | 229249 |
| 2201 | NN Inc.<sup>\*</sup> | 4512 |
| 224 | Olympic Steel Inc. | 6642 |
| 59 | Omega Flex Inc. | 1931 |
| 305 | Park-Ohio Holdings Corp. | 5582 |
| 642 | Proto Labs Inc.<sup>\*</sup> | 23741 |
| 2660 | RBC Bearings Inc.<sup>\*</sup> | 973214 |
| 653 | Ryerson Holding Corp. | 13556 |
| 13881 | Standex International Corp. | 2095198 |
| 382 | Timken Co. | 26163 |
| 890 | Tredegar Corp.<sup>\*</sup> | 7458 |
| 7382 | Valmont Industries Inc. | 2347771 |
| 891 | Worthington Enterprises Inc. | 52489 |
| 844 | Worthington Steel Inc. | 21016 |
| 24039 | Xometry Inc., Class A Shares<sup>\*</sup> | 796893 |
|  | Total Metal Fabricate/Hardware | 7272225 |
| **Miscellaneous Manufacturers - 2.0%** | **Miscellaneous Manufacturers - 2.0%** |  |
| 724 | AO Smith Corp. | 46560 |
| 6509 | Axon Enterprise Inc.<sup>\*</sup> | 4884093 |
| 22064 | Byrna Technologies Inc.<sup>\*</sup> | 588226 |
| 255 | Carlisle Cos., Inc. | 96946 |
| 141 | Core Molding Technologies Inc.<sup>\*</sup> | 2351 |
| 723 | Donaldson Co., Inc. | 50285 |
| 14237 | Enpro Inc. | 2635838 |
| 961 | Fabrinet<sup>\*</sup> | 223788 |
| 4856 | Federal Signal Corp. | 456804 |
| 1850 | Hillenbrand Inc. | 36149 |
| 13954 | ITT Inc. | 2100635 |
| 5328 | JBT Marel Corp. | 611708 |
| 1221 | LSB Industries Inc.<sup>\*</sup> | 9243 |
| 544 | Materion Corp. | 42122 |
| 844 | Myers Industries Inc. | 10710 |
| 501 | NL Industries Inc. | 3652 |
| 1659 | Outdoor Holding Co.<sup>\*</sup> | 2406 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Miscellaneous Manufacturers - (continued)** | **Miscellaneous Manufacturers - (continued)** |  |
| 381 | Park Aerospace Corp. | $5201 |
| 1044 | Sight Sciences Inc.<sup>\*</sup> | 3852 |
| 1056 | Smith & Wesson Brands Inc. | 10053 |
| 408 | Sturm Ruger & Co., Inc. | 14770 |
| 1842 | Teledyne Technologies Inc.<sup>\*</sup> | 918900 |
| 1051 | Textron Inc. | 77806 |
| 2172 | Trinity Industries Inc. | 55907 |
|  | Total Miscellaneous Manufacturers | 12888005 |
| **Packaging & Containers - 0.5%** | **Packaging & Containers - 0.5%** |  |
| 12830 | Amcor PLC | 116881 |
| 400 | AptarGroup Inc. | 63360 |
| 3524 | Ardagh Metal Packaging SA | 13744 |
| 1663 | Ball Corp. | 89104 |
| 377 | Clearwater Paper Corp.<sup>\*</sup> | 10854 |
| 655 | Crown Holdings Inc. | 64517 |
| 1787 | Graphic Packaging Holding Co. | 39707 |
| 652 | Greif Inc., Class A Shares | 36251 |
| 104 | Greif Inc., Class B Shares | 6266 |
| 140 | Karat Packaging Inc. | 4404 |
| 71557 | O-I Glass Inc.<sup>\*</sup> | 938112 |
| 500 | Packaging Corp. of America | 96585 |
| 933 | Ranpak Holdings Corp., Class A Shares<sup>\*</sup> | 3107 |
| 860 | Sealed Air Corp. | 27692 |
| 26439 | Silgan Holdings Inc. | 1455996 |
| 2927 | Smurfit WestRock PLC | 126827 |
| 579 | Sonoco Products Co. | 26368 |
| 1046 | TriMas Corp. | 27583 |
|  | Total Packaging & Containers | 3147358 |
| **Shipbuilding - 0.0%** | **Shipbuilding - 0.0%** |  |
| 237 | Huntington Ingalls Industries Inc. | 52865 |
| **Transportation - 0.5%** | **Transportation - 0.5%** |  |
| 624 | ArcBest Corp. | 39119 |
| 953 | Ardmore Shipping Corp. | 9158 |
| 651 | CH Robinson Worldwide Inc. | 62477 |
| 199 | Costamare Bulkers Holdings Ltd.<sup>\*</sup> | 1863 |
| 999 | Costamare Inc. | 8561 |
| 372 | Covenant Logistics Group Inc., Class A Shares | 8444 |
| 1557 | CryoPort Inc.<sup>\*</sup> | 9358 |
| 3517 | DHT Holdings Inc. | 40727 |
| 935 | Dorian LPG Ltd. | 20018 |
| 785 | Expeditors International of Washington Inc. | 88493 |
| 768 | FLEX LNG Ltd.<sup>(a)</sup> | 18355 |
| 638 | Forward Air Corp.<sup>\*</sup> | 10706 |
| 1014 | Genco Shipping & Trading Ltd. | 13425 |
| 3162 | Golden Ocean Group Ltd. | 24347 |
| 1098 | Heartland Express Inc. | 9827 |
| 643 | Himalaya Shipping Ltd.<sup>\*</sup> | 3845 |
| 1620 | Hub Group Inc., Class A Shares | 54610 |
| 1061 | International Seaways Inc. | 39310 |
| 454 | JB Hunt Transport Services Inc. | 63038 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Transportation - (continued)** | **Transportation - (continued)** |  |
| 346 | Kirby Corp.<sup>\*</sup> | $38281 |
| 33040 | Knight-Swift Transportation Holdings Inc., Class A Shares | 1464333 |
| 212 | Landstar System Inc. | 29091 |
| 1480 | Marten Transport Ltd. | 19299 |
| 857 | Matson Inc. | 96712 |
| 5082 | Nordic American Tankers Ltd. | 13467 |
| 1098 | Old Dominion Freight Line Inc. | 175867 |
| 309 | PAMT Corp.<sup>\*</sup> | 3881 |
| 665 | Pangaea Logistics Solutions Ltd. | 2993 |
| 539 | Proficient Auto Logistics Inc.<sup>\*</sup> | 4344 |
| 1217 | Radiant Logistics Inc.<sup>\*</sup> | 7229 |
| 4307 | RXO Inc.<sup>\*</sup> | 66888 |
| 253 | Ryder System Inc. | 37224 |
| 1214 | Safe Bulkers Inc. | 4613 |
| 161 | Saia Inc.<sup>\*</sup> | 42570 |
| 242 | Schneider National Inc., Class B Shares | 5607 |
| 1244 | Scorpio Tankers Inc. | 49437 |
| 3537 | SFL Corp., Ltd, Class B Shares | 30348 |
| 1378 | Teekay Corp., Ltd | 11644 |
| 620 | Teekay Tankers Ltd., Class A Shares | 27398 |
| 268 | Universal Logistics Holdings Inc. | 6448 |
| 1632 | Werner Enterprises Inc. | 42350 |
| 1518 | World Kinect Corp. | 41578 |
| 643 | XPO Inc.<sup>\*</sup> | 73193 |
|  | Total Transportation | 2820476 |
| **Trucking & Leasing - 0.0%** | **Trucking & Leasing - 0.0%** |  |
| 937 | GATX Corp. | 149208 |
| 807 | Greenbrier Cos., Inc. | 36372 |
| 69 | Willis Lease Finance Corp. | 9269 |
|  | Total Trucking & Leasing | 194849 |
|  | **TOTAL INDUSTRIAL** | **117478623** |
| **TECHNOLOGY - 12.5%** | **TECHNOLOGY - 12.5%** |  |
| **Computers - 3.7%** | **Computers - 3.7%** |  |
| 3019 | 3D Systems Corp.<sup>\*</sup> | 4679 |
| 619 | Amdocs Ltd. | 56799 |
| 949 | Amentum Holdings Inc.<sup>\*</sup> | 19606 |
| 1205 | ASGN Inc.<sup>\*</sup> | 63636 |
| 8458 | CACI International Inc., Class A Shares<sup>\*</sup> | 3620024 |
| 1577 | Cantaloupe Inc.<sup>\*</sup> | 13200 |
| 2830 | Cognizant Technology Solutions Corp., Class A Shares | 229202 |
| 4943 | Conduent Inc.<sup>\*</sup> | 11072 |
| 1390 | Corsair Gaming Inc.<sup>\*</sup> | 12218 |
| 274 | Crane NXT Co. | 14689 |
| 1004 | Cricut Inc., Class A Shares | 6084 |
| 10244 | CyberArk Software Ltd.<sup>\*</sup> | 3921198 |
| 21500 | Dell Technologies Inc., Class C Shares | 2392305 |
| 654 | Diebold Nixdorf Inc.<sup>\*</sup> | 31503 |
| 21985 | D-Wave Quantum Inc.<sup>\*</sup> | 359015 |
| 1034 | DXC Technology Co.<sup>\*</sup> | 15717 |
| 305 | EPAM Systems Inc.<sup>\*</sup> | 53219 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Computers - (continued)** | **Computers - (continued)** |  |
| 989 | Everspin Technologies Inc.<sup>\*</sup> | $5548 |
| 65651 | ExlService Holdings Inc.<sup>\*</sup> | 3019289 |
| 428 | Gartner Inc.<sup>\*</sup> | 186788 |
| 1049 | Genpact Ltd. | 45159 |
| 253 | Globant SA<sup>\*</sup> | 24817 |
| 24601 | Grid Dynamics Holdings Inc.<sup>\*</sup> | 308251 |
| 7431 | Hewlett Packard Enterprise Co. | 128408 |
| 5315 | HP Inc. | 132344 |
| 747 | Insight Enterprises Inc.<sup>\*</sup> | 97401 |
| 2240 | Integral Ad Science Holding Corp.<sup>\*</sup> | 18234 |
| 802 | KBR Inc. | 41856 |
| 1266 | Kyndryl Holdings Inc.<sup>\*</sup> | 49425 |
| 752 | Leidos Holdings Inc. | 111687 |
| 44209 | Lumentum Holdings Inc.<sup>\*</sup> | 3195427 |
| 1495 | MAXIMUS Inc. | 108402 |
| 1466 | Mitek Systems Inc.<sup>\*</sup> | 13766 |
| 1899 | NCR Atleos Corp.<sup>\*</sup> | 50342 |
| 3829 | NCR Voyix Corp.<sup>\*</sup> | 42464 |
| 1148 | NetApp Inc. | 113836 |
| 1806 | NetScout Systems Inc.<sup>\*</sup> | 41249 |
| 2195 | NextNav Inc.<sup>\*</sup> | 27547 |
| 7762 | Okta Inc., Class A Shares<sup>\*</sup> | 800806 |
| 1178 | OneSpan Inc. | 18766 |
| 923 | PAR Technology Corp.<sup>\*</sup> | 60512 |
| 270 | Parsons Corp.<sup>\*</sup> | 17507 |
| 921 | PlayAGS Inc.<sup>\*</sup> | 11255 |
| 1731 | Pure Storage Inc., Class A Shares<sup>\*</sup> | 92764 |
| 974 | Qualys Inc.<sup>\*</sup> | 134948 |
| 1641 | Rapid7 Inc.<sup>\*</sup> | 37661 |
| 2519 | Rekor Systems Inc.<sup>\*</sup> | 2922 |
| 5187 | Rigetti Computing Inc.<sup>\*</sup> | 62815 |
| 1184 | Rimini Street Inc.<sup>\*</sup> | 3611 |
| 8229 | Rubrik Inc., Class A Shares<sup>\*</sup> | 784635 |
| 718 | Sandisk Corp.<sup>\*</sup> | 27061 |
| 306 | Science Applications International Corp. | 35355 |
| 2804 | Super Micro Computer Inc.<sup>\*</sup> | 112216 |
| 1892 | System1 Inc.<sup>\*</sup> | 671 |
| 2476 | Telos Corp.<sup>\*</sup> | 6240 |
| 3120 | Tenable Holdings Inc.<sup>\*</sup> | 100526 |
| 354 | TTEC Holdings Inc.<sup>\*</sup> | 1738 |
| 1437 | Unisys Corp.<sup>\*</sup> | 6854 |
| 456 | V2X Inc.<sup>\*</sup> | 20648 |
| 2893 | Varonis Systems Inc., Class B Shares<sup>\*</sup> | 137938 |
| 41449 | Western Digital Corp.<sup>\*</sup> | 2136696 |
| 1196 | WNS Holdings Ltd.<sup>\*</sup> | 69356 |
| 527 | Zscaler Inc.<sup>\*</sup> | 145294 |
|  | Total Computers | 23415201 |
| **Office/Business Equipment - 0.0%** | **Office/Business Equipment - 0.0%** |  |
| 4506 | Pitney Bowes Inc. | 46412 |
| 2975 | Xerox Holdings Corp. | 14548 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Office/Business Equipment - (continued)** | **Office/Business Equipment - (continued)** |  |
| 288 | Zebra Technologies Corp., Class A Shares<sup>\*</sup> | $83454 |
|  | Total Office/Business Equipment | 144414 |
| **Semiconductors - 2.5%** | **Semiconductors - 2.5%** |  |
| 1477 | ACM Research Inc., Class A Shares<sup>\*</sup> | 33306 |
| 1033 | Aehr Test Systems<sup>\*</sup> | 9855 |
| 696 | Allegro MicroSystems Inc.<sup>\*</sup> | 17644 |
| 594 | Alpha & Omega Semiconductor Ltd.<sup>\*</sup> | 12605 |
| 1001 | Ambarella Inc.<sup>\*</sup> | 52693 |
| 641 | Amkor Technology Inc. | 11551 |
| 593 | Arteris Inc.<sup>\*</sup> | 4608 |
| 28128 | Astera Labs Inc.<sup>\*</sup> | 2551772 |
| 866 | Axcelis Technologies Inc.<sup>\*</sup> | 48790 |
| 630 | CEVA Inc.<sup>\*</sup> | 11819 |
| 320 | Cirrus Logic Inc.<sup>\*</sup> | 31475 |
| 55508 | Cohu Inc.<sup>\*</sup> | 947521 |
| 1211 | Diodes Inc.<sup>\*</sup> | 53768 |
| 843 | Entegris Inc. | 57948 |
| 2059 | FormFactor Inc.<sup>\*</sup> | 61461 |
| 566 | GLOBALFOUNDRIES Inc.<sup>\*</sup> | 20263 |
| 614 | Impinj Inc.<sup>\*</sup> | 70051 |
| 153 | IPG Photonics Corp.<sup>\*</sup> | 10138 |
| 1431 | Kulicke & Soffa Industries Inc. | 46007 |
| 30600 | Lam Research Corp. | 2472174 |
| 814 | Lattice Semiconductor Corp.<sup>\*</sup> | 36581 |
| 382 | MACOM Technology Solutions Holdings Inc.<sup>\*</sup> | 46455 |
| 2051 | MaxLinear Inc., Class A Shares<sup>\*</sup> | 23361 |
| 38811 | Microchip Technology Inc. | 2252590 |
| 24500 | Micron Technology Inc. | 2314270 |
| 399 | MKS Inc. | 32794 |
| 267 | Monolithic Power Systems Inc. | 176727 |
| 4006 | Navitas Semiconductor Corp., Class A Shares<sup>\*(a)</sup> | 20431 |
| 8500 | NXP Semiconductors NV | 1624605 |
| 2399 | ON Semiconductor Corp.<sup>\*</sup> | 100806 |
| 296 | Onto Innovation Inc.<sup>\*</sup> | 27214 |
| 1066 | Ouster Inc.<sup>\*</sup> | 13037 |
| 1309 | Penguin Solutions Inc.<sup>\*</sup> | 23248 |
| 1606 | Photronics Inc.<sup>\*</sup> | 26836 |
| 1509 | Power Integrations Inc. | 75043 |
| 565 | Qorvo Inc.<sup>\*</sup> | 42951 |
| 654 | QuickLogic Corp.<sup>\*</sup> | 3388 |
| 2808 | Rambus Inc.<sup>\*</sup> | 150144 |
| 211 | Richardson Electronics Ltd. | 1888 |
| 2013 | Semtech Corp.<sup>\*</sup> | 75145 |
| 14960 | Silicon Laboratories Inc.<sup>\*</sup> | 1803129 |
| 3498 | SiTime Corp.<sup>\*</sup> | 685853 |
| 573 | SkyWater Technology Inc.<sup>\*</sup> | 5180 |
| 900 | Skyworks Solutions Inc. | 62127 |
| 1028 | Synaptics Inc.<sup>\*</sup> | 60405 |
| 877 | Teradyne Inc. | 68932 |
| 1156 | Ultra Clean Holdings Inc.<sup>\*</sup> | 22392 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Semiconductors - (continued)** | **Semiconductors - (continued)** |  |
| 1456 | Veeco Instruments Inc.<sup>\*</sup> | $28115 |
| 260 | Vishay Precision Group Inc.<sup>\*</sup> | 6687 |
| 1019 | Wolfspeed Inc.<sup>\*(a)</sup> | 1213 |
|  | Total Semiconductors | 16336996 |
| **Software - 6.3%** | **Software - 6.3%** |  |
| 2844 | 8x8 Inc.<sup>\*</sup> | 4664 |
| 2768 | ACI Worldwide Inc.<sup>\*</sup> | 128048 |
| 33482 | ACV Auctions Inc., Class A Shares<sup>\*</sup> | 548435 |
| 2831 | Adeia Inc. | 36350 |
| 7659 | Agilysys Inc.<sup>\*</sup> | 811165 |
| 834 | Akamai Technologies Inc.<sup>\*</sup> | 63326 |
| 2751 | Alignment Healthcare Inc.<sup>\*</sup> | 42283 |
| 40315 | Alkami Technology Inc.<sup>\*</sup> | 1154622 |
| 1957 | Amplitude Inc., Class A Shares<sup>\*</sup> | 24247 |
| 495 | ANSYS Inc.<sup>\*</sup> | 163756 |
| 133 | Appfolio Inc., Class A Shares<sup>\*</sup> | 28086 |
| 1051 | Appian Corp., Class A Shares<sup>\*</sup> | 33106 |
| 1496 | AppLovin Corp., Class A Shares<sup>\*</sup> | 587928 |
| 2081 | Asana Inc., Class A Shares<sup>\*</sup> | 37271 |
| 516 | Asure Software Inc.<sup>\*</sup> | 5005 |
| 50680 | AvePoint Inc.<sup>\*</sup> | 945182 |
| 4533 | AvidXchange Holdings Inc.<sup>\*</sup> | 44378 |
| 577 | Bandwidth Inc., Class A Shares<sup>\*</sup> | 8090 |
| 837 | Bentley Systems Inc., Class B Shares | 39950 |
| 2830 | BigBear.ai Holdings Inc.<sup>\*</sup> | 11773 |
| 2263 | BigCommerce Holdings Inc.<sup>\*</sup> | 11405 |
| 653 | BILL Holdings Inc.<sup>\*</sup> | 28523 |
| 1099 | Blackbaud Inc.<sup>\*</sup> | 68391 |
| 1604 | BlackLine Inc.<sup>\*</sup> | 89712 |
| 5891 | Blend Labs Inc., Class A Shares<sup>\*</sup> | 21561 |
| 3690 | Box Inc., Class A Shares<sup>\*</sup> | 139556 |
| 1740 | Braze Inc., Class A Shares<sup>\*</sup> | 64032 |
| 664 | Broadridge Financial Solutions Inc. | 161239 |
| 2988 | C3.ai Inc., Class A Shares<sup>\*</sup> | 79451 |
| 2659 | CCC Intelligent Solutions Holdings Inc.<sup>\*</sup> | 23346 |
| 973 | Cerence Inc.<sup>\*</sup> | 8280 |
| 2339 | Clear Secure Inc., Class A Shares | 57890 |
| 51877 | Clearwater Analytics Holdings Inc., Class A Shares<sup>\*</sup> | 1198359 |
| 127 | Climb Global Solutions Inc. | 13992 |
| 1733 | Cloudflare Inc., Class A Shares<sup>\*</sup> | 287487 |
| 10853 | CommVault Systems Inc.<sup>\*</sup> | 1987727 |
| 241 | Concentrix Corp. | 13488 |
| 34803 | Confluent Inc., Class A Shares<sup>\*</sup> | 801513 |
| 421 | Consensus Cloud Solutions Inc.<sup>\*</sup> | 9249 |
| 1030 | CS Disco Inc.<sup>\*</sup> | 4058 |
| 771 | CSG Systems International Inc. | 50932 |
| 45 | Daily Journal Corp.<sup>\*</sup> | 18964 |
| 1726 | Datadog Inc., Class A Shares<sup>\*</sup> | 203461 |
| 912 | Dayforce Inc.<sup>\*</sup> | 53881 |
| 1830 | Definitive Healthcare Corp., Class A Shares<sup>\*</sup> | 6057 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Software - (continued)** | **Software - (continued)** |  |
| 918 | Digi International Inc.<sup>\*</sup> | $29752 |
| 349 | Digimarc Corp.<sup>\*</sup> | 4565 |
| 2199 | Digital Turbine Inc.<sup>\*</sup> | 10379 |
| 1741 | DigitalOcean Holdings Inc.<sup>\*</sup> | 49270 |
| 21673 | DocuSign Inc., Class A Shares<sup>\*</sup> | 1920445 |
| 1278 | Domo Inc., Class B Shares<sup>\*</sup> | 16231 |
| 800 | Donnelley Financial Solutions Inc.<sup>\*</sup> | 43584 |
| 818 | DoubleVerify Holdings Inc.<sup>\*</sup> | 11239 |
| 693 | Doximity Inc., Class A Shares<sup>\*</sup> | 36098 |
| 1225 | Dropbox Inc., Class A Shares<sup>\*</sup> | 35353 |
| 4374 | Duolingo Inc., Class A Shares<sup>\*</sup> | 2272774 |
| 1680 | Dynatrace Inc.<sup>\*</sup> | 90737 |
| 5052 | E2open Parent Holdings Inc.<sup>\*</sup> | 16217 |
| 483 | eGain Corp.<sup>\*</sup> | 2603 |
| 19444 | Elastic NV<sup>\*</sup> | 1572436 |
| 1503 | Electronic Arts Inc. | 216101 |
| 425 | EverCommerce Inc.<sup>\*</sup> | 4254 |
| 3065 | Evolent Health Inc., Class A Shares<sup>\*</sup> | 22834 |
| 560 | Fair Isaac Corp.<sup>\*</sup> | 966717 |
| 3530 | Fastly Inc., Class A Shares<sup>\*</sup> | 25698 |
| 3066 | Fidelity National Information Services Inc. | 244084 |
| 418 | Five9 Inc.<sup>\*</sup> | 11081 |
| 5389 | Freshworks Inc., Class A Shares<sup>\*</sup> | 82290 |
| 573 | GigaCloud Technology Inc., Class A Shares<sup>\*</sup> | 10062 |
| 764 | Gitlab Inc., Class A Shares<sup>\*</sup> | 34770 |
| 8955 | Guidewire Software Inc.<sup>\*</sup> | 1925504 |
| 2097 | Health Catalyst Inc.<sup>\*</sup> | 7969 |
| 281 | HubSpot Inc.<sup>\*</sup> | 165762 |
| 558 | I3 Verticals Inc., Class A Shares<sup>\*</sup> | 13788 |
| 202 | IBEX Holdings Ltd.<sup>\*</sup> | 5816 |
| 422 | Ibotta Inc., Class A Shares<sup>\*</sup> | 21096 |
| 644 | Immersion Corp. | 4843 |
| 520 | Informatica Inc., Class A Shares<sup>\*</sup> | 12485 |
| 15523 | Innodata Inc.<sup>\*</sup> | 612693 |
| 394 | Inspired Entertainment Inc.<sup>\*</sup> | 3081 |
| 1440 | Intapp Inc.<sup>\*</sup> | 79373 |
| 5347 | IonQ Inc.<sup>\*</sup> | 215698 |
| 407 | Jack Henry & Associates Inc. | 73736 |
| 2132 | Jamf Holding Corp.<sup>\*</sup> | 22386 |
| 1888 | Kaltura Inc.<sup>\*</sup> | 4003 |
| 314 | Life360 Inc.<sup>\*</sup> | 19955 |
| 1731 | LiveRamp Holdings Inc.<sup>\*</sup> | 56396 |
| 340 | Manhattan Associates Inc.<sup>\*</sup> | 64185 |
| 958 | MeridianLink Inc.<sup>\*</sup> | 15989 |
| 1318 | MicroStrategy Inc., Class A Shares<sup>\*</sup> | 486421 |
| 4386 | Monday.com Ltd.<sup>\*</sup> | 1304791 |
| 402 | MongoDB Inc., Class A Shares<sup>\*</sup> | 75910 |
| 3932 | MSCI Inc., Class A Shares | 2217727 |
| 1818 | N-able Inc.<sup>\*</sup> | 14162 |
| 472 | nCino Inc.<sup>\*</sup> | 12414 |
| 25866 | Nutanix Inc., Class A Shares<sup>\*</sup> | 1983664 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Software - (continued)** | **Software - (continued)** |  |
| 58079 | Olo Inc., Class A Shares<sup>\*</sup> | $505868 |
| 597 | ON24 Inc.<sup>\*</sup> | 3397 |
| 752 | Outbrain Inc.<sup>\*</sup> | 1940 |
| 853 | Pagaya Technologies Ltd., Class A Shares<sup>\*</sup> | 14023 |
| 2412 | PagerDuty Inc.<sup>\*</sup> | 34395 |
| 11768 | Palantir Technologies Inc., Class A Shares<sup>\*</sup> | 1550787 |
| 1831 | Paychex Inc. | 289133 |
| 286 | Paycom Software Inc. | 74100 |
| 792 | PDF Solutions Inc.<sup>\*</sup> | 14018 |
| 258 | Pegasystems Inc. | 25323 |
| 1600 | Phreesia Inc.<sup>\*</sup> | 39184 |
| 5414 | Planet Labs PBC<sup>\*</sup> | 20790 |
| 1550 | Playstudios Inc.<sup>\*</sup> | 2077 |
| 796 | Playtika Holding Corp. | 3773 |
| 119305 | Porch Group Inc.<sup>\*</sup> | 1088062 |
| 2831 | Privia Health Group Inc.<sup>\*</sup> | 64434 |
| 629 | Procore Technologies Inc.<sup>\*</sup> | 42250 |
| 1182 | Progress Software Corp. | 72764 |
| 1166 | PROS Holdings Inc.<sup>\*</sup> | 20510 |
| 669 | PTC Inc.<sup>\*</sup> | 112606 |
| 1007 | PubMatic Inc., Class A Shares<sup>\*</sup> | 11782 |
| 1609 | Rackspace Technology Inc.<sup>\*</sup> | 1834 |
| 255 | Red Violet Inc. | 12383 |
| 239 | ReposiTrak Inc. | 5215 |
| 468 | RingCentral Inc., Class A Shares<sup>\*</sup> | 12135 |
| 2987 | ROBLOX Corp., Class A Shares<sup>\*</sup> | 259809 |
| 3286 | Roper Technologies Inc. | 1873907 |
| 795 | Sapiens International Corp. NV | 22816 |
| 1424 | Schrodinger Inc.<sup>\*</sup> | 30787 |
| 884 | SEMrush Holdings Inc., Class A Shares<sup>\*</sup> | 8699 |
| 1645 | SentinelOne Inc., Class A Shares<sup>\*</sup> | 28968 |
| 375 | Simulations Plus Inc. | 11942 |
| 67168 | SoundHound AI Inc., Class A Shares<sup>\*(a)</sup> | 679068 |
| 1284 | Sprout Social Inc., Class A Shares<sup>\*</sup> | 28030 |
| 990 | SPS Commerce Inc.<sup>\*</sup> | 139352 |
| 1212 | SS&C Technologies Holdings Inc. | 97942 |
| 12258 | Take-Two Interactive Software Inc.<sup>\*</sup> | 2773740 |
| 2774 | Talkspace Inc.<sup>\*</sup> | 8849 |
| 556 | Teradata Corp.<sup>\*</sup> | 12210 |
| 15822 | Twilio Inc., Class A Shares<sup>\*</sup> | 1862249 |
| 240 | Tyler Technologies Inc.<sup>\*</sup> | 138478 |
| 2631 | UiPath Inc., Class A Shares<sup>\*</sup> | 35019 |
| 1769 | Unity Software Inc.<sup>\*</sup> | 46136 |
| 838 | Veeva Systems Inc., Class A Shares<sup>\*</sup> | 234389 |
| 1588 | Verint Systems Inc.<sup>\*</sup> | 27854 |
| 1514 | Vertex Inc., Class A Shares<sup>\*</sup> | 59909 |
| 516 | Viant Technology Inc., Class A Shares<sup>\*</sup> | 7116 |
| 3710 | Vimeo Inc., Class A, Private Placement<sup>\*</sup> | 16176 |
| 2389 | Waystar Holding Corp.<sup>\*</sup> | 95512 |
| 32110 | Weave Communications Inc.<sup>\*</sup> | 309861 |
| 4846 | WM Technology Inc.<sup>\*</sup> | 5040 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Software - (continued)** | **Software - (continued)** |  |
| 1335 | Workiva Inc., Class A Shares<sup>\*</sup> | $89832 |
| 2641 | Yext Inc.<sup>\*</sup> | 17721 |
| 4789 | Zeta Global Holdings Corp., Class A Shares<sup>\*</sup> | 62927 |
| 1492 | Zoom Communications Inc., Class A Shares<sup>\*</sup> | 121225 |
| 1693 | ZoomInfo Technologies Inc., Class A Shares<sup>\*</sup> | 16168 |
|  | Total Software | 40414154 |
|  | **TOTAL TECHNOLOGY** | **80310765** |
| **UTILITIES - 3.1%** | **UTILITIES - 3.1%** |  |
| **Electric - 2.7%** | **Electric - 2.7%** |  |
| 4300 | AES Corp. | 43387 |
| 1518 | ALLETE Inc. | 98731 |
| 1444 | Alliant Energy Corp. | 89860 |
| 24708 | Ameren Corp. | 2393711 |
| 826 | Ameresco Inc., Class A Shares<sup>\*</sup> | 11382 |
| 2067 | Avista Corp. | 79600 |
| 19354 | Black Hills Corp. | 1131628 |
| 789 | Brookfield Renewable Corp. | 23189 |
| 55555 | CenterPoint Energy Inc. | 2068868 |
| 190 | Clearway Energy Inc., Class A Shares | 5482 |
| 456 | Clearway Energy Inc., Class C Shares | 14031 |
| 1683 | CMS Energy Corp. | 118197 |
| 1968 | Consolidated Edison Inc. | 205636 |
| 1173 | DTE Energy Co. | 160291 |
| 2153 | Edison International | 119814 |
| 25422 | Entergy Corp. | 2117144 |
| 1253 | Evergy Inc. | 83212 |
| 2077 | Eversource Energy | 134610 |
| 5693 | Exelon Corp. | 249467 |
| 3261 | FirstEnergy Corp. | 136766 |
| 460 | Genie Energy Ltd., Class B Shares | 9724 |
| 4889 | Hawaiian Electric Industries Inc.<sup>\*</sup> | 52215 |
| 20904 | IDACORP Inc. | 2486531 |
| 952 | MGE Energy Inc. | 85985 |
| 1610 | Northwestern Energy Group Inc. | 89081 |
| 1145 | NRG Energy Inc. | 178506 |
| 1201 | OGE Energy Corp. | 53409 |
| 1559 | Ormat Technologies Inc. | 115881 |
| 1079 | Otter Tail Corp. | 83277 |
| 12413 | PG&E Corp. | 209531 |
| 686 | Pinnacle West Capital Corp. | 62584 |
| 32276 | Portland General Electric Co. | 1368502 |
| 59885 | PPL Corp. | 2081004 |
| 2835 | Public Service Enterprise Group Inc. | 229720 |
| 2362 | TXNM Energy Inc. | 133902 |
| 408 | Unitil Corp. | 22371 |
| 1932 | Vistra Corp. | 310221 |
| 1796 | WEC Energy Group Inc. | 192962 |
| 3269 | Xcel Energy Inc. | 229157 |
|  | Total Electric | 17279569 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **UTILITIES - (continued)** | **UTILITIES - (continued)** |  |
| **Gas - 0.3%** | **Gas - 0.3%** |  |
| 877 | Atmos Energy Corp. | $135654 |
| 3147 | Brookfield Infrastructure Corp., Class A Shares | 124527 |
| 589 | Chesapeake Utilities Corp. | 71970 |
| 1167 | MDU Resources Group Inc. | 20061 |
| 540 | National Fuel Gas Co. | 44572 |
| 2614 | New Jersey Resources Corp. | 119956 |
| 2637 | NiSource Inc. | 104267 |
| 1129 | Northwest Natural Holding Co. | 46255 |
| 1475 | ONE Gas Inc. | 110271 |
| 141 | RGC Resources Inc. | 2897 |
| 1595 | Southwest Gas Holdings Inc. | 114569 |
| 14192 | Spire Inc. | 1068374 |
| 1192 | UGI Corp. | 42983 |
|  | Total Gas | 2006356 |
| **Water - 0.1%** | **Water - 0.1%** |  |
| 986 | American States Water Co. | 77766 |
| 1106 | American Water Works Co., Inc. | 158125 |
| 1653 | California Water Service Group | 78104 |
| 345 | Consolidated Water Co., Ltd. | 9326 |
| 1521 | Essential Utilities Inc. | 58604 |
| 200 | Global Water Resources Inc. | 2030 |
| 919 | H2O America | 48229 |
| 455 | Middlesex Water Co. | 26367 |
| 335 | York Water Co. | 10941 |
|  | Total Water | 469492 |
|  | **TOTAL UTILITIES** | **19755417** |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $527,892,549) | **613456705** |
| **EXCHANGE TRADED FUNDS (ETFs) - 2.4%** | **EXCHANGE TRADED FUNDS (ETFs) - 2.4%** |  |
| 13618 | iShares Russell 2000 Value | 2054003 |
| 175250 | SPDR S&P 600 Small CapValue | 13480230 |
|  | **TOTAL EXCHANGE TRADED FUNDS (ETFs)**<br> (Cost - $15,183,778) | **15534233** |
| **LIMITED PARTNERSHIP - 0.0%** | **LIMITED PARTNERSHIP - 0.0%** |  |
| **FINANCIAL - 0.0%** | **FINANCIAL - 0.0%** |  |
| **Investment Companies - 0.0%** | **Investment Companies - 0.0%** |  |
| 1739 | Compass Diversified Holdings<br> (Cost - $35,398) | 11686 |
| **CLOSED-END FUND - 0.0%** | **CLOSED-END FUND - 0.0%** |  |
| 632 | NexPoint Diversified Real Estate Trust, Class Common Shares<br> (Cost - $4,824) | 2629 |
| **WARRANTS - 0.0%** | **WARRANTS - 0.0%** |  |
| **BASIC MATERIALS - 0.0%** | **BASIC MATERIALS - 0.0%** |  |
| **Chemicals - 0.0%** | **Chemicals - 0.0%** |  |
| 540 | Danimer Scientific Inc.<sup>\*</sup> | – |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Small-Mid Cap Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **WARRANTS - (continued)** | **WARRANTS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - 0.0%** | **CONSUMER NON-CYCLICAL - 0.0%** |  |
| **Healthcare-Products - 0.0%** | **Healthcare-Products - 0.0%** |  |
| 30 | Pulse Biosciences Inc.<sup>\*</sup> | $189 |
|  | **TOTAL WARRANTS**<br> (Cost - $902) | **189** |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $543,117,451) | **629005442** |

---

---

| | | |
|:---|:---|:---|
| **Face Amount** |  |  |
| **SHORT-TERM INVESTMENTS - 1.9%** | **SHORT-TERM INVESTMENTS - 1.9%** |  |
| **TIME DEPOSITS - 1.9%** | **TIME DEPOSITS - 1.9%** |  |
| $3321365 | ANZ National Bank - London, 3.680% due 6/2/25 | 3321365 |
| 4938494 | Citibank - New York, 3.680% due 6/2/25 | 4938494 |
| 3118251 | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 3118251 |
| 754648 | Skandinaviska Enskilda Banken AB - Stockholm, 3.680% due 6/2/25 | 754648 |
|  | **TOTAL TIME DEPOSITS**<br> (Cost - $12,132,758) | **12132758** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  |  |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.9%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.9%** |  |
| **MONEY MARKET FUND - 0.9%** | **MONEY MARKET FUND - 0.9%** |  |
| 5839727 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(d)</sup><br> (Cost - $5,839,727) | 5839727 |
|  | **TOTAL INVESTMENTS - 100.8%**<br> (Cost - $561,089,936) | **646977927** |
|  | Liabilities in Excess of Other Assets - (0.8)% | (4908346) |
|  | **TOTAL NET ASSETS - 100.0%** | $**642069581** |

---

\* Non-income producing security.

(a) All or a portion of this security is on loan.

(b) Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $20,446 and represents 0.00% of net assets.

(c) Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.

(d) Represents investment of collateral received from securities lending transactions.

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| ADR | **—** | American Depositary Receipts |
| AMBAC | **—** | American Bond Assurance Corporation |
| LLC | **—** | Limited Liability Company |
| MFA | **—** | Mortgage Finance Authority |
| PLC | **—** | Public Limited Company |
| REIT | **—** | Real Estate Investment Trust |
| SPDR | **—** | Standard & Poor's Depository Receipts |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Small-Mid Cap Equity Fund (concluded)**

---

| | |
|:---|:---|
| **Summary of Investments by Security Sector^** | |
| Consumer Non-cyclical | 19.9% |
| Financial | 18.8 |
| Industrial | 18.2 |
| Technology | 12.4 |
| Consumer Cyclical | 10.3 |
| Energy | 4.5 |
| Basic Materials | 4.4 |
| Communications | 3.3 |
| Utilities | 3.0 |
| Government | 0.0 \* |
| Exchange Traded Funds (ETFs) | 2.4 |
| Closed-End Fund | 0.0 \* |
| Short-Term Investments | 1.9 |
| Money Market Fund | 0.9 |
|  | 100.0% |

---

^ As a percentage of total investments.

\* Position represents less than 0.05%.

At May 31, 2025, Destinations Small-Mid Cap Equity Fund had open exchange traded futures contracts as described below.

The unrealized appreciation on the open contracts was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br> Contracts** | **Expiration<br> Date (Month/Year)** | **Notional<br> Amounts** | **Market Value** | **Unrealized<br> Appreciation** |
| **Contracts to Buy:** |  |  |  |  |  |
| E-mini Russell 2000 Index June Futures | 8 | 6/25 | $802060 | $827320 | $25260 |
| S&P MidCap 400 Index June Futures | 2 | 6/25 | 590200 | 600820 | 10620 |
|  |  |  |  |  | $35880 |

---

At May 31, 2025, Destinations Small-Mid Cap Equity Fund had deposited cash of $83,979 with a broker or brokers as margin collateral on open exchange traded futures contracts.

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Equity Income Fund**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - 85.8%** | **COMMON STOCKS - 85.8%** |  |
| **BASIC MATERIALS - 2.4%** | **BASIC MATERIALS - 2.4%** |  |
| **Chemicals - 1.2%** | **Chemicals - 1.2%** |  |
| 20304 | DSM-Firmenich AG | $2271043 |
| 26225 | LyondellBasell Industries NV, Class A Shares | 1481450 |
| 31491 | Nutrien Ltd. | 1860524 |
|  | Total Chemicals | 5613017 |
| **Mining - 1.2%** |  |  |
| 25659 | Agnico Eagle Mines Ltd. | 3027505 |
| 93840 | BHP Group Ltd. | 2301147 |
| 1645 | Southern Copper Corp. | 149547 |
|  | Total Mining | 5478199 |
|  | **TOTAL BASIC MATERIALS** | **11091216** |
| **COMMUNICATIONS - 5.5%** | **COMMUNICATIONS - 5.5%** |  |
| **Advertising - 0.5%** | **Advertising - 0.5%** |  |
| 20905 | Publicis Groupe SA | 2285600 |
| **Internet - 0.7%** | **Internet - 0.7%** |  |
| 12442 | Alibaba Group Holding Ltd., ADR | 1416397 |
| 12444 | Alphabet Inc., Class A Shares | 2137133 |
|  | Total Internet | 3553530 |
| **Media - 0.5%** | **Media - 0.5%** |  |
| 19538 | Walt Disney Co. | 2208575 |
| **Telecommunications - 3.8%** | **Telecommunications - 3.8%** |  |
| 206872 | AT&T Inc. | 5751042 |
| 39417 | Cisco Systems Inc. | 2484848 |
| 728000 | Singapore Telecommunications Ltd. | 2156222 |
| 179580 | Telenor ASA | 2762290 |
| 103300 | Verizon Communications Inc. | 4541068 |
|  | Total Telecommunications | 17695470 |
|  | **TOTAL COMMUNICATIONS** | **25743175** |
| **CONSUMER CYCLICAL - 6.5%** | **CONSUMER CYCLICAL - 6.5%** |  |
| **Airlines - 0.3%** |  |  |
| 29500 | Delta Air Lines Inc. | 1427505 |
| **Apparel - 0.4%** | **Apparel - 0.4%** |  |
| 3391 | LVMH Moet Hennessy Louis Vuitton SE | 1842531 |
| **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** |  |
| 46094 | General Motors Co. | 2286723 |
| **Distribution/Wholesale - 0.9%** | **Distribution/Wholesale - 0.9%** |  |
| 118100 | Mitsui & Co., Ltd. | 2464872 |
| 3235 | Watsco Inc. | 1434949 |
|  | Total Distribution/Wholesale | 3899821 |
| **Entertainment - 0.4%** | **Entertainment - 0.4%** |  |
| 73246 | Warner Music Group Corp., Class A Shares | 1927835 |
| **Retail - 4.0%** |  |  |
| 23825 | Best Buy Co., Inc. | 1579121 |
| 12287 | Darden Restaurants Inc. | 2631998 |
| 14850 | Genuine Parts Co. | 1878822 |
| 13016 | Home Depot Inc. | 4793663 |
| 24127 | Industria de Diseno Textil SA | 1307790 |
| 4895 | McDonald's Corp.<sup>(a)</sup> | 1536296 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Equity Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |
| **Retail - (continued)** | **Retail - (continued)** |  |
| 11500 | Target Corp. | $1081115 |
| 40591 | Walmart Inc. | 4007144 |
|  | Total Retail | 18815949 |
|  | **TOTAL CONSUMER CYCLICAL** | **30200364** |
| **CONSUMER NON-CYCLICAL - 18.3%** | **CONSUMER NON-CYCLICAL - 18.3%** |  |
| **Agriculture - 1.9%** | **Agriculture - 1.9%** |  |
| 89150 | British American Tobacco PLC | 4010856 |
| 27179 | Philip Morris International Inc. | 4908256 |
|  | Total Agriculture | 8919112 |
| **Beverages - 2.9%** | **Beverages - 2.9%** |  |
| 63618 | Coca-Cola Co. | 4586858 |
| 108975 | Diageo PLC | 2967277 |
| 24365 | Heineken NV | 2174407 |
| 24255 | Molson Coors Beverage Co., Class B Shares | 1299825 |
| 20650 | PepsiCo Inc. | 2714443 |
|  | Total Beverages | 13742810 |
| **Biotechnology - 1.7%** | **Biotechnology - 1.7%** |  |
| 14474 | Amgen Inc. | 4171117 |
| 34311 | Gilead Sciences Inc. | 3776955 |
|  | Total Biotechnology | 7948072 |
| **Cosmetics/Personal Care - 1.9%** | **Cosmetics/Personal Care - 1.9%** |  |
| 452005 | Haleon PLC | 2521561 |
| 42210 | Kao Corp. | 1924244 |
| 85750 | Kenvue Inc. | 2046852 |
| 13377 | Procter & Gamble Co. | 2272619 |
|  | Total Cosmetics/Personal Care | 8765276 |
| **Food - 0.4%** | **Food - 0.4%** |  |
| 7167 | Hershey Co. | 1151665 |
| 72620 | Tate & Lyle PLC | 542618 |
|  | Total Food | 1694283 |
| **Healthcare-Products - 0.6%** | **Healthcare-Products - 0.6%** |  |
| 22375 | Abbott Laboratories | 2988852 |
| **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** |  |
| 5157 | Elevance Health Inc. | 1979463 |
| 3077 | UnitedHealth Group Inc. | 928977 |
|  | Total Healthcare-Services | 2908440 |
| **Household Products/Wares - 0.3%** | **Household Products/Wares - 0.3%** |  |
| 9575 | Kimberly-Clark Corp. | 1376502 |
| **Pharmaceuticals - 8.0%** | **Pharmaceuticals - 8.0%** |  |
| 18870 | AbbVie Inc. | 3511896 |
| 14003 | AstraZeneca PLC | 2035753 |
| 40610 | AstraZeneca PLC, ADR | 2957626 |
| 173275 | GSK PLC | 3529558 |
| 30100 | Johnson & Johnson | 4671821 |
| 14441 | Merck & Co., Inc. | 1109646 |
| 189575 | Pfizer Inc. | 4453117 |
| 6817 | Roche Holding AG | 2211168 |
| 41531 | Roche Holding AG, ADR | 1673699 |
| 91904 | Sanofi SA | 9080953 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Equity Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Pharmaceuticals - (continued)** | **Pharmaceuticals - (continued)** |  |
| 11959 | UCB SA | $2182564 |
|  | Total Pharmaceuticals | 37417801 |
|  | **TOTAL CONSUMER NON-CYCLICAL** | **85761148** |
| **ENERGY - 9.0%** | **ENERGY - 9.0%** |  |
| **Oil & Gas - 6.1%** | **Oil & Gas - 6.1%** |  |
| 44432 | Chevron Corp. | 6073855 |
| 24085 | ConocoPhillips<sup>(a)</sup> | 2055655 |
| 16855 | Expand Energy Corp. | 1957371 |
| 69961 | Exxon Mobil Corp. | 7157010 |
| 59290 | Noble Corp. PLC | 1468613 |
| 129177 | Shell PLC | 4255061 |
| 91105 | TotalEnergies SE | 5354763 |
|  | Total Oil & Gas | 28322328 |
| **Pipelines - 2.9%** | **Pipelines - 2.9%** |  |
| 115950 | Enbridge Inc. | 5396383 |
| 88129 | Enterprise Products Partners LP | 2716136 |
| 74426 | TC Energy Corp. | 3771329 |
| 28286 | Williams Cos., Inc. | 1711586 |
|  | Total Pipelines | 13595434 |
|  | **TOTAL ENERGY** | **41917762** |
| **FINANCIAL - 20.6%** | **FINANCIAL - 20.6%** |  |
| **Banks - 11.8%** | **Banks - 11.8%** |  |
| 13190 | Bank of America Corp. | 582075 |
| 27450 | Bank of Montreal | 2947722 |
| 26650 | Canadian Imperial Bank of Commerce | 1814340 |
| 53501 | Fifth Third Bancorp | 2043203 |
| 2101 | Goldman Sachs Group Inc. | 1261545 |
| 206915 | Huntington Bancshares Inc. | 3234081 |
| 112403 | ING Groep NV | 2385488 |
| 24647 | JPMorgan Chase & Co.<sup>(a)</sup> | 6506808 |
| 25337 | Morgan Stanley | 3243896 |
| 167085 | Nordea Bank Abp | 2426001 |
| 187056 | Oversea-Chinese Banking Corp., Ltd. | 2354601 |
| 27975 | PNC Financial Services Group Inc. | 4862335 |
| 177480 | Sumitomo Mitsui Trust Group Inc. | 4784689 |
| 111200 | Truist Financial Corp. | 4392400 |
| 110298 | US Bancorp | 4807890 |
| 100291 | Wells Fargo & Co. | 7499761 |
|  | Total Banks | 55146835 |
| **Diversified Financial Services - 0.9%** | **Diversified Financial Services - 0.9%** |  |
| 5450 | CME Group Inc., Class A Shares<sup>(a)</sup> | 1575050 |
| 8624 | Deutsche Boerse AG | 2777474 |
|  | Total Diversified Financial Services | 4352524 |
| **Equity Real Estate Investment Trusts (REITs) - 3.8%** | **Equity Real Estate Investment Trusts (REITs) - 3.8%** |  |
| 123310 | Brixmor Property Group Inc. | 3133307 |
| 19764 | Equity LifeStyle Properties Inc. | 1256397 |
| 143075 | Kimco Realty Corp. | 3041775 |
| 10365 | Lamar Advertising Co., Class A Shares | 1249397 |
| 40137 | NNN REIT Inc. | 1676121 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Equity Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Equity Real Estate Investment Trusts (REITs) - (continued)** | **Equity Real Estate Investment Trusts (REITs) - (continued)** |  |
| 37050 | Prologis Inc. | $4023630 |
| 9800 | Terreno Realty Corp. | 552916 |
| 15985 | Ventas Inc. | 1027516 |
| 52509 | VICI Properties Inc., Class A Shares | 1665060 |
|  | Total Equity Real Estate Investment Trusts (REITs) | 17626119 |
| **Insurance - 3.9%** | **Insurance - 3.9%** |  |
| 11516 | Allianz SE, Class Registered Shares | 4563194 |
| 31690 | American International Group Inc. | 2682242 |
| 37154 | NN Group NV | 2338825 |
| 5329 | Progressive Corp. | 1518392 |
| 430036 | Prudential PLC | 4898084 |
| 3416 | Zurich Insurance Group AG | 2406765 |
|  | Total Insurance | 18407502 |
| **Real Estate - 0.2%** | **Real Estate - 0.2%** |  |
| 1112000 | Hang Lung Properties Ltd. | 879344 |
|  | **TOTAL FINANCIAL** | **96412324** |
| **INDUSTRIAL - 8.5%** | **INDUSTRIAL - 8.5%** |  |
| **Aerospace/Defense - 2.0%** | **Aerospace/Defense - 2.0%** |  |
| 10730 | Airbus SE | 1976290 |
| 93315 | BAE Systems PLC | 2386130 |
| 6878 | General Dynamics Corp. | 1915454 |
| 2690 | Lockheed Martin Corp. | 1297602 |
| 4165 | RTX Corp. | 568439 |
| 221000 | Singapore Technologies Engineering Ltd. | 1340286 |
|  | Total Aerospace/Defense | 9484201 |
| **Building Materials - 0.9%** | **Building Materials - 0.9%** |  |
| 19117 | CRH PLC | 1742706 |
| 12994 | Heidelberg Materials AG | 2546489 |
|  | Total Building Materials | 4289195 |
| **Electrical Components & Equipment - 1.4%** | **Electrical Components & Equipment - 1.4%** |  |
| 10529 | Eaton Corp. PLC<sup>(a)</sup> | 3371386 |
| 25612 | Emerson Electric Co. | 3057560 |
|  | Total Electrical Components & Equipment | 6428946 |
| **Engineering & Construction - 1.1%** | **Engineering & Construction - 1.1%** |  |
| 3460 | Aena SME SA | 932379 |
| 82145 | Ferrovial SE | 4190703 |
|  | Total Engineering & Construction | 5123082 |
| **Machinery-Construction & Mining - 0.5%** | **Machinery-Construction & Mining - 0.5%** |  |
| 126500 | Mitsubishi Electric Corp. | 2554620 |
| **Miscellaneous Manufacturers - 0.5%** | **Miscellaneous Manufacturers - 0.5%** |  |
| 10521 | Siemens AG, Class Registered Shares | 2532242 |
| **Packaging & Containers - 0.8%** | **Packaging & Containers - 0.8%** |  |
| 178600 | Amcor PLC | 1627046 |
| 45555 | Smurfit WestRock PLC | 1973898 |
|  | Total Packaging & Containers | 3600944 |
| **Transportation - 1.3%** | **Transportation - 1.3%** |  |
| 70538 | Deutsche Post AG | 3154545 |
| 6145 | Union Pacific Corp. | 1362101 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Equity Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Transportation - (continued)** | **Transportation - (continued)** |  |
| 13800 | United Parcel Service Inc., Class B Shares | $1346052 |
|  | Total Transportation | 5862698 |
|  | **TOTAL INDUSTRIAL** | **39875928** |
| **TECHNOLOGY - 4.3%** | **TECHNOLOGY - 4.3%** |  |
| **Computers - 0.9%** | **Computers - 0.9%** |  |
| 9408 | Capgemini SE | 1563391 |
| 9496 | International Business Machines Corp. | 2460034 |
|  | Total Computers | 4023425 |
| **Semiconductors - 2.0%** | **Semiconductors - 2.0%** |  |
| 6688 | Analog Devices Inc. | 1431098 |
| 21327 | Broadcom Inc. | 5162627 |
| 43291 | Samsung Electronics Co., Ltd. | 1444955 |
| 8190 | Texas Instruments Inc. | 1497541 |
|  | Total Semiconductors | 9536221 |
| **Software - 1.4%** |  |  |
| 3420 | Microsoft Corp. | 1574431 |
| 16876 | Oracle Corp. | 2793485 |
| 15134 | Paychex Inc. | 2389810 |
|  | Total Software | 6757726 |
|  | **TOTAL TECHNOLOGY** | **20317372** |
| **UTILITIES - 10.7%** | **UTILITIES - 10.7%** |  |
| **Electric - 9.8%** | **Electric - 9.8%** |  |
| 62353 | Alliant Energy Corp. | 3880227 |
| 41220 | American Electric Power Co., Inc. | 4265858 |
| 59635 | CenterPoint Energy Inc. | 2220807 |
| 26090 | Duke Energy Corp. | 3071315 |
| 277911 | Enel SpA | 2552987 |
| 62400 | Evergy Inc. | 4143984 |
| 34773 | Eversource Energy | 2253638 |
| 71850 | FirstEnergy Corp. | 3013389 |
| 587134 | National Grid PLC<sup>(b)</sup> | 8309177 |
| 15945 | NextEra Energy Inc. | 1126355 |
| 66577 | PPL Corp. | 2313551 |
| 31475 | Public Service Enterprise Group Inc. | 2550419 |
| 21395 | Sempra | 1681433 |
| 22593 | Southern Co. | 2033370 |
| 21425 | WEC Energy Group Inc. | 2301902 |
|  | Total Electric | 45718412 |
| **Gas - 0.9%** | **Gas - 0.9%** |  |
| 64680 | MDU Resources Group Inc. | 1111849 |
| 20250 | Southwest Gas Holdings Inc. | 1454557 |
| 54275 | UGI Corp. | 1957157 |
|  | Total Gas | 4523563 |
|  | **TOTAL UTILITIES** | **50241975** |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $319,095,232)  | **401561264** |
| **EXCHANGE TRADED FUNDS (ETFs) - 11.2%** | **EXCHANGE TRADED FUNDS (ETFs) - 11.2%** |  |
| 672849 | iShares Core Dividend Growth | 41790651 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Equity Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **EXCHANGE TRADED FUNDS (ETFs) - (continued)** | **EXCHANGE TRADED FUNDS (ETFs) - (continued)** |  |
| 92095 | iShares Core High Dividend | $10709728 |
|  | **TOTAL EXCHANGE TRADED FUNDS (ETFs)**<br> (Cost - $47,707,263) | **52500379** |
| **CONVERTIBLE PREFERRED STOCK - 0.6%** | **CONVERTIBLE PREFERRED STOCK - 0.6%** |  |
| **INDUSTRIAL - 0.6%** | **INDUSTRIAL - 0.6%** |  |
| **Aerospace/Defense - 0.6%** | **Aerospace/Defense - 0.6%** |  |
| 39700 | Boeing Co., 6.000%<br> (Cost - $2,196,887) | 2672604 |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $368,999,382) | **456734247** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Face Amount†** |  |  | |
| **SHORT-TERM INVESTMENTS - 1.9%** | **SHORT-TERM INVESTMENTS - 1.9%** | **SHORT-TERM INVESTMENTS - 1.9%** | **SHORT-TERM INVESTMENTS - 1.9%** |
| **CORPORATE NOTE - 0.3%** | **CORPORATE NOTE - 0.3%** | **CORPORATE NOTE - 0.3%** |  |
| 9460 | | JPMorgan Chase Bank N.A., zero coupon, due 12/23/25<sup>(c)</sup><br> (Cost - $1,577,343) | 1582420 |
| **TIME DEPOSITS - 1.6%** | **TIME DEPOSITS - 1.6%** | **TIME DEPOSITS - 1.6%** |  |
| 57 | <sup>AUD</sup> | ANZ National Bank - Hong Kong, 2.570% due 6/2/25 | 37 |
| 497 | <sup>NOK</sup> | Brown Brothers Harriman - Grand Cayman, 3.230% due 6/2/25 | 49 |
|  | | Citibank - London: |  |
| 97483 | <sup>EUR</sup> | &nbsp;&nbsp;1.080% due 6/2/25 | 110692 |
| 225 | <sup>GBP</sup> | &nbsp;&nbsp;3.170% due 6/2/25 | 304 |
| 4523108 | | Citibank - New York, 3.680% due 6/2/25 | 4523108 |
| 301 | <sup>HKD</sup> | Hong Kong & Shanghai Bank - Hong Kong, 0.000% due 6/2/25 | 38 |
| 146 | <sup>SGD</sup> | Hong Kong & Shanghai Bank - Singapore, 0.640% due 6/2/25 | 113 |
| 2293091 | | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 2293091 |
|  | | Skandinaviska Enskilda Banken AB - Stockholm: |  |
| 3 | <sup>CHF</sup> | &nbsp;&nbsp;0.000% due 6/2/25 | 4 |
| 8902 | | &nbsp;&nbsp;3.680% due 6/2/25 | 8902 |
| 448192 | | Sumitomo Mitsui Banking Corp. - Tokyo, 3.680% due 6/2/25 | 448192 |
|  | | **TOTAL TIME DEPOSITS**<br> (Cost - $7,384,530)** | **7384530** |
|  | | **TOTAL SHORT-TERM INVESTMENTS<br> (Cost - $8,961,873)** | **8966950** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  | |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.8%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.8%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.8%** |
| **MONEY MARKET FUND - 1.8%** | **MONEY MARKET FUND - 1.8%** | **MONEY MARKET FUND - 1.8%** |
| 8322000 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(d)</sup> |  |
|  | (Cost - $8,322,000) | 8322000 |
|  | **TOTAL INVESTMENTS - 101.3%** |  |
|  | (Cost - $386,283,255) | **474023197** |
|  | Liabilities in Excess of Other Assets - (1.3)% | (5939490) |
|  | **TOTAL NET ASSETS - 100.0%** | $**468083707** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Equity Income Fund (continued)**

† Face amount denominated in U.S. dollars, unless otherwise noted.

(a) All or a portion of this security is pledged by the Fund as
collateral for short sales or derivative transactions.

(b) All or a portion of this security is on loan.

(c) Illiquid security. The aggregate value of illiquid holdings
at May 31, 2025, amounts to $1,582,420 and represents 0.34% of net assets.

(d) Represents investment of collateral received from securities
lending transactions.

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| ADR | **—** | American Depositary Receipts |
| PLC | **—** | Public Limited Company |
| REIT | **—** | Real Estate Investment Trust |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Sector^** | |
| Financial | 20.3% |
| Consumer Non-cyclical | 18.1 |
| Utilities | 10.6 |
| Industrial | 9.0 |
| Energy | 8.8 |
| Consumer Cyclical | 6.4 |
| Communications | 5.4 |
| Technology | 4.3 |
| Basic Materials | 2.3 |
| Exchange Traded Funds (ETFs) | 11.1 |
| Short-Term Investments | 1.9 |
| Money Market Fund | 1.8 |
|  | 100.0% |

---

^ As a percentage of total investments.

**Schedule of Options Contracts Written**

**Equity Options**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of<br> Contracts** | **Notional<br> Amount** | **Security Name** | **Counterparty** | **Expiration<br> Date** | **Exercise<br> Rate** | **Value** |
| 20 | 355460 | Avery Dennison Corp., Put | CITI | 6/20/25 | $155.00 | $(500) |
| 20 | 355460 | Avery Dennison Corp., Put | BOA | 6/20/25 | 160.00 | (800) |
| 20 | 355460 | Avery Dennison Corp., Put | CITI | 7/18/25 | 155.00 | (1600) |
| 25 | 346900 | Blackstone Inc., Put | MLP | 6/20/25 | 95.00 | (3850) |
| 25 | 346900 | Blackstone Inc., Put | MLP | 6/20/25 | 100.00 | (300) |
| 15 | 321315 | Darden Restaurants Inc., Call | MLP | 6/20/25 | 240.00 | (750) |
| 295 | 1427505 | Delta Air Lines Inc., Call | MSC | 9/19/25 | 55.00 | (69620) |
| 20 | 321380 | Hershey Co., Put | CITI | 6/20/25 | 140.00 | (400) |
| 20 | 321380 | Hershey Co., Put | CITI | 6/20/25 | 145.00 | (840) |
| 7 | 181342 | International Business Machines Corp., Call | CITI | 6/20/25 | 270.00 | (1120) |
| 7 | 181342 | International Business Machines Corp., Call | CITI | 6/20/25 | 280.00 | (357) |
| 75 | 401925 | Molson Coors Beverage Co., Put | CITI | 6/20/25 | 45.00 | (1875) |
| 50 | 321400 | Ventas Inc., Put | CITI | 6/20/25 | 55.00 | (2500) |
| 150 | 394800 | Warner Music Group Corp., Put | CITI | 6/20/25 | 23.00 | (7500) |
|  |  | **TOTAL OPTIONS CONTRACTS WRITTEN** |  |  |  |  |
|  |  | **(Premiums received — $99,039)** |  |  |  | $**(92012)** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Equity Income Fund (concluded)**

---

| | | |
|:---|:---|:---|
| Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: |
| AUD | **—** | Australian Dollar |
| CHF | **—** | Swiss Franc |
| EUR | **—** | Euro |
| GBP | **—** | British Pound |
| HKD | **—** | Hong Kong Dollar |
| NOK | **—** | Norwegian Krone |
| SGD | **—** | Singapore Dollar |

---

---

| | | |
|:---|:---|:---|
| Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: |
| BOA | **—** | Bank of America |
| CITI | **—** | Citigroup Global Markets Inc. |
| MLP | **—** | Merrill Lynch, Pierce, Fenner & Smith Inc. |
| MSC | **—** | Morgan Stanley |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** |
| **Australia - 1.9%** | **Australia - 1.9%** | **Australia - 1.9%** |
| 148779 | AGL Energy Ltd. | $978049 |
| 8566 | ALS Ltd. | 88715 |
| 56378 | AMP Ltd. | 45149 |
| 4019 | Ampol Ltd. | 66127 |
| 2898 | Ansell Ltd. | 58925 |
| 51450 | ANZ Group Holdings Ltd. | 962933 |
| 22640 | APA Group | 121471 |
| 10616 | Aristocrat Leisure Ltd. | 426903 |
| 3351 | ASX Ltd. | 153999 |
| 17818 | Atlas Arteria Ltd. | 60983 |
| 31108 | Aurizon Holdings Ltd. | 59151 |
| 13052 | Bank of Queensland Ltd. | 65701 |
| 38683 | Beach Energy Ltd. | 33449 |
| 9063 | Bendigo & Adelaide Bank Ltd. | 69978 |
| 86961 | BHP Group Ltd. | 2132459 |
| 8590 | BlueScope Steel Ltd. | 126693 |
| 24645 | Brambles Ltd. | 368363 |
| 6293 | CAR Group Ltd. | 144211 |
| 11146 | Challenger Ltd. | 54689 |
| 8219 | Charter Hall Group | 96243 |
| 36394 | Cleanaway Waste Management Ltd. | 65946 |
| 1011 | Cochlear Ltd. | 176914 |
| 22544 | Coles Group Ltd. | 313998 |
| 28732 | Commonwealth Bank of Australia | 3258178 |
| 9237 | Computershare Ltd. | 239424 |
| 8257 | CSL Ltd. | 1314452 |
| 6567 | Deterra Royalties Ltd. | 16108 |
| 19148 | Dexus | 86387 |
| 1578 | Domino's Pizza Enterprises Ltd. | 23840 |
| 14246 | Downer EDI Ltd. | 55823 |
| 33245 | Dyno Nobel Ltd. | 57513 |
| 2578 | EBOS Group Ltd. | 57084 |
| 22901 | Endeavour Group Ltd. | 60077 |
| 30097 | Evolution Mining Ltd. | 171706 |
| 3188 | Flight Centre Travel Group Ltd. | 27305 |
| 26676 | Fortescue Ltd. | 266221 |
| 33374 | Goodman Group | 707896 |
| 35666 | GPT Group | 110342 |
| 159647 | GrainCorp Ltd., Class A Shares | 790292 |
| 9902 | Harvey Norman Holdings Ltd. | 33442 |
| 254130 | Helia Group Ltd. | 851750 |
| 5914 | IDP Education Ltd. | 29729 |
| 12879 | IGO Ltd. | 32273 |
| 10739 | Iluka Resources Ltd. | 25453 |
| 12440 | Insignia Financial Ltd.\* | 26939 |
| 42225 | Insurance Australia Group Ltd. | 235129 |
| 45163 | JB Hi-Fi Ltd. | 3138012 |
| 14290 | Lendlease Corp., Ltd. | 53871 |
| 40012 | Lottery Corp., Ltd | 131532 |
| 16571 | Lynas Rare Earths Ltd.\* | 84273 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Australia - (continued)** | **Australia - (continued)** |  |
| 5995 | Macquarie Group Ltd. | $827495 |
| 3449 | Magellan Financial Group Ltd. | 18603 |
| 50624 | Medibank Pvt Ltd. | 155775 |
| 198614 | Metcash Ltd. | 432711 |
| 2507 | Mineral Resources Ltd.\* | 35843 |
| 71491 | Mirvac Group | 106606 |
| 39200 | MMG Ltd.\* | 14553 |
| 52847 | National Australia Bank Ltd. | 1294238 |
| 999 | Netwealth Group Ltd. | 20626 |
| 13135 | New Hope Corp., Ltd | 31545 |
| 8863 | NEXTDC Ltd.\* | 74870 |
| 71466 | Northern Star Resources Ltd. | 965854 |
| 8723 | Orica Ltd. | 106197 |
| 30402 | Origin Energy Ltd. | 211998 |
| 20515 | Orora Ltd. | 24725 |
| 609239 | Perenti Ltd. | 620951 |
| 1441 | Perpetual Ltd. | 16438 |
| 256999 | Perseus Mining Ltd. | 643155 |
| 44102 | Pilbara Minerals Ltd.\* | 35236 |
| 869 | Pro Medicus Ltd. | 157900 |
| 14325 | Qantas Airways Ltd. | 97943 |
| 25859 | QBE Insurance Group Ltd. | 385932 |
| 25075 | Qube Holdings Ltd. | 68520 |
| 2908 | Ramsay Health Care Ltd. | 71786 |
| 783 | REA Group Ltd. | 120960 |
| 4543 | Reece Ltd. | 45846 |
| 18711 | Region RE Ltd. | 28635 |
| 6613 | Rio Tinto Ltd. | 482846 |
| 52629 | Santos Ltd. | 222574 |
| 91076 | Scentre Group | 215432 |
| 6293 | SEEK Ltd. | 98587 |
| 3581 | SGH Ltd. | 117112 |
| 2325 | Sims Ltd. | 22684 |
| 8274 | Sonic Healthcare Ltd. | 142231 |
| 68973 | South32 Ltd. | 135847 |
| 18062 | Steadfast Group Ltd. | 67054 |
| 40890 | Stockland | 143898 |
| 17801 | Suncorp Group Ltd. | 236689 |
| 5243 | Technology One Ltd. | 138729 |
| 5343 | Telix Pharmaceuticals Ltd.\* | 90824 |
| 73666 | Telstra Group Ltd. | 226983 |
| 5739 | TPG Telecom Ltd. | 19051 |
| 51864 | Transurban Group | 474449 |
| 14908 | Treasury Wine Estates Ltd. | 81184 |
| 67749 | Vicinity Ltd. | 107740 |
| 4069 | Washington H Soul Pattinson & Co., Ltd. | 96596 |
| 19172 | Wesfarmers Ltd. | 1025857 |
| 58575 | Westpac Banking Corp. | 1229159 |
| 14521 | Whitehaven Coal Ltd. | 52029 |
| 3331 | WiseTech Global Ltd. | 229981 |
| 210859 | Woodside Energy Group Ltd. | 3017664 |
| 20573 | Woolworths Group Ltd. | 422479 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Australia - (continued)** | **Australia - (continued)** |  |
| 78787 | Worley Ltd. | $661034 |
| 123502 | Yancoal Australia Ltd. | 416422 |
|  | Total Australia | 35346176 |
| **Austria - 0.1%** | **Austria - 0.1%** |  |
| 1236 | ANDRITZ AG | 85436 |
| 5193 | Erste Group Bank AG | 418136 |
| 2604 | OMV AG | 139312 |
| 63796 | Raiffeisen Bank International AG | 1949000 |
| 783 | Telekom Austria AG, Class A Shares | 8679 |
| 1154 | Verbund AG | 90105 |
|  | Total Austria | 2690668 |
| **Belgium - 0.2%** | **Belgium - 0.2%** |  |
| 392 | Ackermans & van Haaren NV | 99750 |
| 2834 | Ageas SA | 184947 |
| 16977 | Anheuser-Busch InBev SA | 1197972 |
| 363 | D'ieteren Group | 74605 |
| 798 | Elia Group SA, Class B Shares | 84562 |
| 1170 | Groupe Bruxelles Lambert NV | 95627 |
| 3903 | KBC Group NV | 386871 |
| 7 | Lotus Bakeries NV | 72431 |
| 95238 | Proximus SADP | 830181 |
| 303 | Sofina SA | 87948 |
| 1276 | Syensqo SA | 97878 |
| 2096 | UCB SA | 382528 |
| 3154 | Warehouses De Pauw CVA | 76991 |
|  | Total Belgium | 3672291 |
| **Bermuda - 0.2%** | **Bermuda - 0.2%** |  |
| 192363 | Hiscox Ltd. | 3281910 |
| **Brazil - 1.7%** | **Brazil - 1.7%** |  |
| 44765 | Afya Ltd., Class A Shares | 816066 |
| 545556 | B3 SA - Brasil Bolsa Balcao | 1324202 |
| 157320 | Banco BTG Pactual SA | 1088068 |
| 180700 | Compania de Saneamento de Minas Gerais Copasa MG | 754602 |
| 423335 | GPS Participacoes e Empreendimentos SA | 1110455 |
| 1105824 | Inter & Co., Inc. | 7880234 |
| 53600 | IRB-Brasil Resseguros SA\* | 460789 |
| 471330 | Localiza Rent a Car SA | 3540909 |
| 1094207 | Lojas Renner SA | 3474888 |
| 443208 | Metalurgica Gerdau SA | 647947 |
| 104283 | Petroleo Brasileiro SA - Petrobras, ADR | 1128342 |
| 32478 | Sigma Lithium Corp.\*<sup>(a)</sup> | 152326 |
| 97956 | Suzano SA | 850503 |
| 537600 | TOTVS SA | 3968260 |
| 145998 | WEG SA | 1081249 |
| 177792 | XP Inc., Class A Shares | 3442053 |
|  | Total Brazil | 31720893 |
| **Cambodia - 0.0%** | **Cambodia - 0.0%** |  |
| 42000 | NagaCorp Ltd.\* | 19931 |
| **Canada - 6.0%** | **Canada - 6.0%** |  |
| 255408 | AGF Management Ltd., Class B Shares | 2177487 |
| 42432 | Agnico Eagle Mines Ltd. | 5001803 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Canada - (continued)** | **Canada - (continued)** |  |
| 13073 | Alimentation Couche-Tard Inc. | $677775 |
| 11500 | Atco Ltd., Class I Shares | 431391 |
| 12512 | Bank of Montreal | 1343603 |
| 178415 | Bank of Nova Scotia | 9546408 |
| 29410 | Barrick Mining Corp. | 564048 |
| 4485 | BCE Inc. | 97717 |
| 23400 | Bird Construction Inc. | 461060 |
| 25201 | Brookfield Corp. | 1455299 |
| 7567 | Cameco Corp. | 442987 |
| 11100 | Canadian Apartment Properties REIT | 362033 |
| 16005 | Canadian Imperial Bank of Commerce | 1089625 |
| 55823 | Canadian National Railway Co. | 5859784 |
| 34894 | Canadian Natural Resources Ltd. | 1059521 |
| 15732 | Canadian Pacific Kansas City Ltd. | 1284949 |
| 24479 | Celestica Inc.\* | 2834702 |
| 22662 | Cenovus Energy Inc. | 298560 |
| 84400 | Centerra Gold Inc. | 602088 |
| 3533 | CGI Inc. | 379804 |
| 1691 | Constellation Software Inc.<sup>(b)</sup> | 6131096 |
| 35069 | Definity Financial Corp. | 1904282 |
| 29662 | Descartes Systems Group Inc.\* | 3439012 |
| 4609 | Dollarama Inc. | 592770 |
| 25900 | Dundee Precious Metals Inc. | 399158 |
| 201107 | Element Fleet Management Corp. | 4791925 |
| 135020 | Enbridge Inc. | 6283913 |
| 363 | Fairfax Financial Holdings Ltd.<sup>(b)</sup> | 617652 |
| 48249 | Finning International Inc. | 1781101 |
| 8196 | Fortis Inc. | 400439 |
| 64045 | Franco-Nevada Corp. | 10788270 |
| 967 | George Weston Ltd. | 194690 |
| 4815 | Great-West Lifeco Inc.<sup>(a)</sup> | 182762 |
| 5102 | Hydro One Ltd.<sup>(c)</sup> | 187856 |
| 2800 | Imperial Oil Ltd. | 199908 |
| 3084 | Intact Financial Corp. | 699678 |
| 2376 | Loblaw Cos., Ltd. | 400856 |
| 4625 | Magna International Inc. | 167900 |
| 29324 | Manulife Financial Corp. | 933770 |
| 3465 | Metro Inc. | 270262 |
| 6506 | National Bank of Canada | 640336 |
| 8358 | Nutrien Ltd. | 493800 |
| 9627 | Pembina Pipeline Corp. | 360780 |
| 9287 | Power Corp. of Canada | 359407 |
| 5521 | Restaurant Brands International Inc. | 394176 |
| 34400 | RioCan Real Estate Investment Trust<sup>(a)</sup> | 434653 |
| 24258 | Royal Bank of Canada | 3074607 |
| 50668 | Russel Metals Inc. | 1516330 |
| 49134 | Shopify Inc., Class A Shares\* | 5260583 |
| 3726 | South Bow Corp. | 96574 |
| 9776 | Sun Life Financial Inc. | 629722 |
| 252751 | Suncor Energy Inc. | 8985689 |
| 66200 | Superior Plus Corp. | 375777 |
| 164100 | Tamarack Valley Energy Ltd.<sup>(a)</sup> | 522547 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Canada - (continued)** | **Canada - (continued)** |  |
| 17557 | TC Energy Corp. | $889652 |
| 8716 | Teck Resources Ltd., Class B Shares | 323019 |
| 9241 | TELUS Corp. | 151374 |
| 2354 | Thomson Reuters Corp. | 467695 |
| 33738 | TMX Group Ltd. | 1363680 |
| 30280 | Toronto-Dominion Bank | 2091038 |
| 5839 | Tourmaline Oil Corp. | 263284 |
| 12125 | Waste Connections Inc. | 2389013 |
| 60830 | Wheaton Precious Metals Corp. | 5270737 |
|  | Total Canada | 112692417 |
| **Chile - 0.0%** | **Chile - 0.0%** |  |
| 5858 | Antofagasta PLC | 140362 |
| **China - 3.3%** | **China - 3.3%** |  |
| 246500 | 3SBio Inc.\* | 588538 |
| 13500 | AAC Technologies Holdings Inc. | 62782 |
| 41642 | Alibaba Group Holding Ltd., ADR | 4740525 |
| 48241 | BYD Co., Ltd., Class H Shares<sup>(d)</sup> | 2393669 |
| 859477 | China Mengniu Dairy Co., Ltd. | 1928341 |
| 76681 | Contemporary Amperex Technology Co., Ltd., Class A Shares | 2662281 |
| 276002 | FinVolution Group, ADR | 2307377 |
| 269248 | Full Truck Alliance Co., Ltd., ADR | 3131354 |
| 90294 | Fuyao Glass Industry Group Co., Ltd., Class A Shares | 726797 |
| 141544 | Hello Group Inc., ADR | 859172 |
| 193700 | Hongfa Technology Co., Ltd., Class A Shares | 878602 |
| 106033 | Jiangsu Hengli Hydraulic Co., Ltd., Class A Shares | 1003319 |
| 187330 | KE Holdings Inc., ADR | 3458112 |
| 1416233 | Kingdee International Software Group Co., Ltd.\* | 2203519 |
| 23565 | Kweichow Moutai Co., Ltd., Class A Shares | 4978750 |
| 122000 | Lenovo Group Ltd. | 139303 |
| 12966 | Li Auto Inc., ADR\* | 367456 |
| 81794 | Meituan, Class B Shares\*<sup>(c)</sup> | 1414584 |
| 69353 | Midea Group Co., Ltd., Class A Shares\* | 759321 |
| 963407 | NARI Technology Co., Ltd., Class A Shares | 2967709 |
| 299583 | SF Holding Co., Ltd., Class H Shares\*<sup>(d)</sup> | 1553778 |
| 203900 | Shenzhen Inovance Technology Co., Ltd., Class A Shares\* | 1854128 |
| 374061 | Shenzhou International Group Holdings Ltd. | 2727254 |
| 136738 | Tencent Holdings Ltd. | 8619074 |
| 17576 | Tencent Holdings Ltd., ADR | 1103421 |
| 73658 | Tencent Music Entertainment Group, ADR | 1240401 |
| 434800 | Tongcheng Travel Holdings Ltd.<sup>@</sup> | 1228388 |
| 92165 | Weibo Corp., ADR | 834093 |
| 172199 | Wuxi Biologics Cayman Inc.\*<sup>(c)</sup> | 543545 |
| 23413 | XPeng Inc., ADR\*<sup>(a)</sup> | 452105 |
| 44844 | XPeng Inc., Class A Shares\* | 432846 |
| 911000 | Yangzijiang Shipbuilding Holdings Ltd. | 1497931 |
| 48952 | Zai Lab Ltd., ADR\* | 1475413 |
| 309349 | Zhejiang Shuanghuan Driveline Co., Ltd., Class A Shares | 1361702 |
|  | Total China | 62495590 |
| **Denmark - 1.3%** | **Denmark - 1.3%** |  |
| 47 | AP Moller - Maersk AS, Class A Shares | 84345 |
| 78 | AP Moller - Maersk AS, Class B Shares | 141737 |
| 48793 | Carlsberg AS, Class B Shares | 6981306 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Denmark - (continued)** | **Denmark - (continued)** |  |
| 2049 | Coloplast AS, Class B Shares | $199131 |
| 14271 | D/S Norden AS | 435084 |
| 10672 | Danske Bank AS | 409451 |
| 1470 | Demant AS\* | 57656 |
| 3257 | DSV AS | 771284 |
| 1101 | Genmab AS\* | 231023 |
| 4982 | H Lundbeck AS | 27631 |
| 29565 | ISS AS | 795862 |
| 54503 | Novo Nordisk AS, ADR | 3896964 |
| 54276 | Novo Nordisk AS, Class B Shares | 3793904 |
| 14932 | Novonesis Novozymes B | 1051657 |
| 3078 | Orsted AS\*<sup>(c)</sup> | 126081 |
| 1369 | Pandora AS | 250242 |
| 1670 | ROCKWOOL AS, Class B Shares | 79485 |
| 5768 | Tryg AS | 148176 |
| 272887 | Vestas Wind Systems AS | 4319731 |
| 1292 | Zealand Pharma AS\* | 89531 |
|  | Total Denmark | 23890281 |
| **Finland - 1.4%** | **Finland - 1.4%** |  |
| 2609 | Elisa OYJ | 137768 |
| 490750 | Fortum OYJ | 8473342 |
| 4770 | Kesko OYJ, Class B Shares | 115392 |
| 5709 | Kone OYJ, Class B Shares | 355622 |
| 11788 | Metso OYJ | 142625 |
| 7223 | Neste OYJ | 77473 |
| 85673 | Nokia OYJ | 446541 |
| 693542 | Nordea Bank Abp | 10069924 |
| 1927 | Orion OYJ, Class B Shares | 130908 |
| 40543 | Sampo OYJ, Class A Shares | 433002 |
| 483733 | Stora Enso OYJ, Class R Shares | 4901137 |
| 9001 | UPM-Kymmene OYJ | 249600 |
| 2946 | Valmet OYJ | 96279 |
| 8480 | Wartsila OYJ Abp | 170092 |
|  | Total Finland | 25799705 |
| **France - 7.7%** | **France - 7.7%** |  |
| 3603 | Accor SA | 191395 |
| 491 | Aeroports de Paris SA | 65869 |
| 9647 | Air Liquide SA | 1998933 |
| 10042 | Airbus SE | 1849571 |
| 6056 | Alstom SA\* | 136997 |
| 948 | Amundi SA<sup>(c)</sup> | 77392 |
| 72294 | Arkema SA | 5167499 |
| 29030 | AXA SA | 1368855 |
| 3273 | Ayvens SA<sup>(c)</sup> | 33317 |
| 737 | BioMerieux | 98858 |
| 158475 | BNP Paribas SA | 13890947 |
| 9638 | Bollore SE | 61305 |
| 3330 | Bouygues SA | 145203 |
| 5255 | Bureau Veritas SA | 179910 |
| 13460 | Canal+ SA\* | 37900 |
| 48584 | Capgemini SE | 8073534 |
| 8991 | Carrefour SA<sup>(a)</sup> | 134391 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **France - (continued)** | **France - (continued)** |  |
| 52011 | Compania de Saint-Gobain SA | $5842507 |
| 12019 | Compania Generale des Etablissements Michelin SCA | 459860 |
| 939 | Covivio SA | 56320 |
| 17579 | Credit Agricole SA | 321599 |
| 10727 | Danone SA | 916464 |
| 9836 | Dassault Aviation SA | 3562725 |
| 107863 | Dassault Systemes SE | 4043825 |
| 4083 | Edenred SE | 127698 |
| 1345 | Eiffage SA | 185034 |
| 29881 | Engie SA | 646372 |
| 20843 | EssilorLuxottica SA | 5794405 |
| 786 | Eurazeo SE | 54973 |
| 1690 | FDJ UNITED<sup>(c)</sup> | 62071 |
| 926 | Gecina SA | 101916 |
| 6254 | Getlink SE | 119691 |
| 13460 | Havas NV\* | 23573 |
| 1355 | Hermes International SCA | 3737419 |
| 610 | Ipsen SA\* | 71848 |
| 1197 | Kering SA | 235778 |
| 3722 | Klepierre SA | 145810 |
| 69778 | Legrand SA | 8509348 |
| 3961 | L'Oreal SA | 1675075 |
| 5737 | LVMH Moet Hennessy Louis Vuitton SE | 3117251 |
| 32215 | Orange SA | 481238 |
| 31969 | Pernod Ricard SA | 3309551 |
| 3806 | Publicis Groupe SA | 416120 |
| 3367 | Renault SA | 173578 |
| 3700 | Rexel SA | 103988 |
| 20985 | Safran SA | 6233514 |
| 100504 | Sanofi SA | 9930712 |
| 14215 | Sartorius Stedim Biotech | 3133302 |
| 50895 | Schneider Electric SE | 12755129 |
| 311006 | SCOR SE | 10234428 |
| 507 | SEB SA | 50346 |
| 12271 | Societe Generale SA | 667235 |
| 1445 | Sodexo SA | 99871 |
| 1058 | Teleperformance SE | 107034 |
| 40487 | Thales SA | 12407196 |
| 160995 | TotalEnergies SE | 9462598 |
| 1798 | Unibail-Rodamco-Westfield | 170474 |
| 10645 | Veolia Environnement SA | 366165 |
| 8407 | Vinci SA | 1204384 |
| 13460 | Vivendi SE | 45395 |
| 558 | Wendel SE | 54296 |
|  | Total France | 144729992 |
| **Germany - 6.7%** | **Germany - 6.7%** |  |
| 2903 | adidas AG | 723712 |
| 6598 | Allianz SE, Class Registered Shares | 2614445 |
| 182558 | BASF SE | 8796710 |
| 16444 | Bayer AG, Class Registered Shares | 462079 |
| 5855 | Bayerische Motoren Werke AG | 514009 |
| 1239 | Bechtle AG | 54045 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Germany - (continued)** | **Germany - (continued)** |  |
| 17071 | Beiersdorf AG | $2339405 |
| 1943 | Brenntag SE | 131666 |
| 527 | Carl Zeiss Meditec AG | 34056 |
| 15123 | Commerzbank AG | 460216 |
| 99081 | Continental AG | 8696437 |
| 3064 | Covestro AG\* | 210498 |
| 1062 | CTS Eventim AG & Co. KGaA | 128841 |
| 8773 | Daimler Truck Holding AG | 380851 |
| 3870 | Delivery Hero SE, Class A Shares\*<sup>(c)</sup> | 107211 |
| 31960 | Deutsche Bank AG, Class Registered Shares | 885003 |
| 27568 | Deutsche Boerse AG | 8878641 |
| 10030 | Deutsche Lufthansa AG, Class Registered Shares | 80265 |
| 150457 | Deutsche Post AG | 6728621 |
| 126008 | Deutsche Telekom AG, Class Registered Shares | 4769424 |
| 1070 | Deutsche Wohnen SE | 27820 |
| 556 | DWS Group GmbH & Co. KGaA<sup>(c)</sup> | 31221 |
| 37487 | E.ON SE | 657092 |
| 4519 | Evonik Industries AG | 97870 |
| 460 | Fielmann Group AG | 29249 |
| 89147 | Fraport AG Frankfurt Airport Services Worldwide\* | 6184817 |
| 3441 | Fresenius Medical Care AG | 195549 |
| 6976 | Fresenius SE & Co. KGaA | 342122 |
| 1739 | FUCHS SE | 79904 |
| 22657 | GEA Group AG | 1514788 |
| 1048 | Hannover Rueck SE | 331196 |
| 2156 | Heidelberg Materials AG | 422520 |
| 1871 | Henkel AG & Co. KGaA | 137347 |
| 2577 | Henkel AG & Co. KGaA | 206314 |
| 4529 | HOCHTIEF AG | 832621 |
| 217512 | Infineon Technologies AG | 8468623 |
| 1385 | KION Group AG | 64355 |
| 23179 | Knorr-Bremse AG | 2342542 |
| 1314 | LEG Immobilien SE | 111469 |
| 13176 | Mercedes-Benz Group AG | 787047 |
| 2258 | Merck KGaA | 296177 |
| 943 | MTU Aero Engines AG | 375662 |
| 2270 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class Registered Shares | 1472645 |
| 994 | Nemetschek SE | 138116 |
| 2113 | Puma SE | 54697 |
| 86 | Rational AG | 70648 |
| 7772 | Rheinmetall AG | 16556124 |
| 12437 | RWE AG | 468741 |
| 61858 | SAP SE | 18687566 |
| 496 | Sartorius AG | 118897 |
| 42418 | Schott Pharma AG & Co. KGaA<sup>(a)</sup> | 1372688 |
| 1262 | Scout24 SE<sup>(c)</sup> | 171850 |
| 25729 | Siemens AG, Class Registered Shares | 6192573 |
| 11360 | Siemens Energy AG\* | 1104048 |
| 74933 | Siemens Healthineers AG<sup>(c)</sup> | 3967594 |
| 21200 | Symrise AG, Class A Shares | 2529097 |
| 1067 | Talanx AG | 138535 |
| 959 | Traton SE | 33887 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Germany - (continued)** | **Germany - (continued)** |  |
| 188381 | TUI AG\* | $1574243 |
| 3599 | Volkswagen AG | 390702 |
| 12105 | Vonovia SE | 396348 |
| 398 | Wacker Chemie AG | 28290 |
| 3666 | Zalando SE\*<sup>(c)</sup> | 130920 |
|  | Total Germany | 126130649 |
| **Greece - 0.2%** | **Greece - 0.2%** |  |
| 166185 | National Bank of Greece SA | 1983687 |
| 167195 | Piraeus Financial Holdings SA | 1116417 |
|  | Total Greece | 3100104 |
| **Hong Kong - 1.5%** | **Hong Kong - 1.5%** |  |
| 1052785 | AIA Group Ltd. | 8741531 |
| 27255 | Bank of East Asia Ltd. | 38190 |
| 63000 | BOC Hong Kong Holdings Ltd. | 264830 |
| 37100 | Budweiser Brewing Co. APAC Ltd.<sup>(c)</sup> | 38488 |
| 24000 | Cathay Pacific Airways Ltd. | 32209 |
| 38600 | Chow Tai Fook Jewellery Group Ltd. | 54540 |
| 28500 | CK Asset Holdings Ltd. | 117616 |
| 44120 | CK Hutchison Holdings Ltd. | 247470 |
| 10500 | CK Infrastructure Holdings Ltd. | 67854 |
| 26658 | CLP Holdings Ltd. | 226017 |
| 18000 | CTF Services Ltd. | 16677 |
| 7500 | DFI Retail Group Holdings Ltd., Class Registered Shares | 20662 |
| 47800 | ESR Group Ltd.<sup>(c)</sup> | 78091 |
| 50000 | First Pacific Co., Ltd. | 34374 |
| 37000 | Galaxy Entertainment Group Ltd. | 156507 |
| 15000 | Hang Lung Group Ltd. | 21437 |
| 18957 | Hang Lung Properties Ltd. | 14991 |
| 11100 | Hang Seng Bank Ltd. | 154743 |
| 24000 | Henderson Land Development Co., Ltd. | 75133 |
| 188000 | Hong Kong & China Gas Co., Ltd. | 165006 |
| 20200 | Hong Kong Exchanges & Clearing Ltd. | 1010554 |
| 19300 | Hongkong Land Holdings Ltd. | 99799 |
| 133300 | Hutchison Port Holdings Trust, Class U Shares | 21165 |
| 8000 | HUTCHMED China Ltd.\* | 22797 |
| 10000 | Hysan Development Co., Ltd. | 16388 |
| 148237 | Jardine Matheson Holdings Ltd. | 6580906 |
| 7500 | Johnson Electric Holdings Ltd. | 20087 |
| 417500 | Kerry Properties Ltd. | 998761 |
| 45310 | Link REIT | 239531 |
| 28400 | Man Wah Holdings Ltd. | 14952 |
| 26500 | MTR Corp., Ltd | 92343 |
| 24000 | New World Development Co., Ltd.\* | 14551 |
| 1500 | Orient Overseas International Ltd. | 25682 |
| 63000 | PCCW Ltd. | 41837 |
| 21000 | Power Assets Holdings Ltd. | 132994 |
| 323740 | Prudential PLC | 3687379 |
| 34000 | Shangri-La Asia Ltd. | 19034 |
| 48000 | Sino Land Co., Ltd. | 48505 |
| 21000 | SITC International Holdings Co., Ltd. | 66734 |
| 73000 | SJM Holdings Ltd.\* | 21602 |
| 23000 | Sun Hung Kai Properties Ltd. | 247333 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Hong Kong - (continued)** | **Hong Kong - (continued)** |  |
| 6500 | Swire Pacific Ltd., Class A Shares | $55225 |
| 12500 | Swire Pacific Ltd., Class B Shares | 16753 |
| 22400 | Swire Properties Ltd. | 48950 |
| 1243000 | TCL Electronics Holdings Ltd.\* | 1620691 |
| 54516 | Techtronic Industries Co., Ltd. | 606918 |
| 136000 | United Energy Group Ltd. | 8097 |
| 2326000 | VSTECS Holdings Ltd. | 1838212 |
| 3600 | VTech Holdings Ltd. | 23970 |
| 119000 | WH Group Ltd.<sup>(c)</sup> | 109440 |
| 13000 | Wharf Holdings Ltd. | 34570 |
| 28000 | Wharf Real Estate Investment Co., Ltd. | 70226 |
| 27287 | Xinyi Glass Holdings Ltd. | 25967 |
| 17500 | Yue Yuen Industrial Holdings Ltd. | 26388 |
|  | Total Hong Kong | 28474707 |
| **India - 5.9%** | **India - 5.9%** |  |
| 408416 | Afcons Infrastructure Ltd.\* | 2018415 |
| 116372 | Ajax Engineering Ltd.\* | 888817 |
| 107461 | Akums Drugs & Pharmaceuticals Ltd.\* | 715080 |
| 572784 | ASK Automotive Ltd. | 3011737 |
| 231940 | Axis Bank Ltd. | 3228447 |
| 32817 | Bajaj Finance Ltd. | 3508873 |
| 415474 | Bharat Wire Ropes Ltd.\* | 884882 |
| 190370 | Bharti Airtel Ltd. | 3925634 |
| 237590 | Cello World Ltd. | 1719625 |
| 405543 | Cholamandalam Investment & Finance Co., Ltd. | 7586856 |
| 28840 | Cummins India Ltd. | 1102393 |
| 264826 | DCW Ltd.\* | 238281 |
| 7295 | Dixon Technologies India Ltd. | 1253561 |
| 941734 | Eternal Ltd.\* | 2622106 |
| 104308 | Godrej Consumer Products Ltd. | 1501212 |
| 35112 | Godrej Properties Ltd.\* | 921545 |
| 47199 | HDFC Bank Ltd.\* | 1071545 |
| 18891 | HDFC Bank Ltd., ADR | 1424192 |
| 41320 | Hindustan Unilever Ltd. | 1134376 |
| 617320 | Honasa Consumer Ltd.\* | 2283039 |
| 72954 | Hyundai Motor India Ltd.\* | 1575134 |
| 133498 | ICICI Bank Ltd. | 2266341 |
| 67063 | ICICI Bank Ltd., ADR | 2296237 |
| 457135 | Indus Towers Ltd.\* | 2053976 |
| 176810 | Info Edge India Ltd. | 2952533 |
| 47815 | InterGlobe Aviation Ltd.\*<sup>(c)</sup> | 2980854 |
| 140503 | Inventurus Knowledge Solutions Ltd.\* | 2483842 |
| 286305 | Jio Financial Services Ltd.\* | 960003 |
| 1015985 | JM Financial Ltd. | 1518782 |
| 26422 | Kaynes Technology India Ltd.\* | 1845073 |
| 141205 | Kotak Mahindra Bank Ltd. | 3430599 |
| 134221 | KPIT Technologies Ltd. | 2096057 |
| 56239 | Larsen & Toubro Ltd. | 2417343 |
| 102996 | LIC Housing Finance Ltd. | 718558 |
| 23767 | Mahindra & Mahindra Ltd. | 825878 |
| 46854 | Maruti Suzuki India Ltd. | 6758684 |
| 104639 | Max Healthcare Institute Ltd. | 1382212 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **India - (continued)** | **India - (continued)** |  |
| 689036 | National Aluminium Co., Ltd. | $1455334 |
| 174941 | Nippon Life India Asset Management Ltd.<sup>(c)</sup> | 1514643 |
| 228472 | NTPC Green Energy Ltd.\* | 297361 |
| 818450 | NTPC Ltd. | 3196545 |
| 10928 | Nuvama Wealth Management Ltd. | 916463 |
| 462535 | Power Finance Corp., Ltd. | 2200241 |
| 455694 | Power Grid Corp. of India Ltd. | 1544163 |
| 202689 | Redington Ltd. | 613757 |
| 217325 | Reliance Industries Ltd. | 3611645 |
| 84982 | SBI Life Insurance Co., Ltd.<sup>(c)</sup> | 1801286 |
| 20860 | SRF Ltd. | 697488 |
| 96870 | Suyog Telematics Ltd. | 914783 |
| 506844 | Swiggy Ltd.\* | 1959996 |
| 53782 | Tata Communications Ltd. | 1054439 |
| 61634 | Tata Consumer Products Ltd. | 798969 |
| 183886 | Titan Co., Ltd. | 7634571 |
| 29544 | Trent Ltd.\* | 1941965 |
| 124846 | Varun Beverages Ltd. | 694432 |
|  | Total India | 112450803 |
| **Indonesia - 0.6%** | **Indonesia - 0.6%** |  |
| 2046700 | Aneka Tambang Tbk\* | 389659 |
| 15930500 | Bank Central Asia Tbk PT | 9168892 |
| 502400 | Indo Tambangraya Megah Tbk PT | 695988 |
| 10742700 | Telkom Indonesia Persero Tbk PT\* | 1856036 |
|  | Total Indonesia | 12110575 |
| **Ireland - 1.4%** | **Ireland - 1.4%** |  |
| 1041524 | AIB Group PLC | 8183180 |
| 369865 | Bank of Ireland Group PLC | 5076479 |
| 1840 | DCC PLC | 115312 |
| 137185 | Experian PLC | 6854667 |
| 3789 | Glanbia PLC | 54763 |
| 6832 | James Hardie Industries PLC\* | 157095 |
| 2732 | Kerry Group PLC, Class A Shares | 297860 |
| 16239 | Kingspan Group PLC | 1392062 |
| 11813 | PDD Holdings Inc., ADR\* | 1140073 |
| 49451 | Ryanair Holdings PLC, ADR | 2749475 |
| 3089 | Smurfit WestRock PLC | 133288 |
| 5403 | Smurfit WestRock PLC | 234112 |
|  | Total Ireland | 26388366 |
| **Israel - 0.3%** | **Israel - 0.3%** |  |
| 1281 | Airport City Ltd.\* | 20069 |
| 4825 | Amot Investments Ltd. | 26878 |
| 725 | Azrieli Group Ltd. | 55423 |
| 22397 | Bank Hapoalim BM | 375204 |
| 24713 | Bank Leumi Le-Israel BM | 399073 |
| 252249 | Bezeq The Israeli Telecommunication Corp., Ltd. | 393872 |
| 242 | Big Shopping Centers Ltd.\* | 39032 |
| 601 | Camtek Ltd.\* | 40624 |
| 133 | Delek Group Ltd. | 23439 |
| 439 | Elbit Systems Ltd. | 176179 |
| 6484 | Energix-Renewable Energies Ltd. | 20623 |
| 2487 | Enlight Renewable Energy Ltd.\* | 48605 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Israel - (continued)** | **Israel - (continued)** |  |
| 57 | Fattal Holdings 1998 Ltd.\* | $8636 |
| 1031 | First International Bank Of Israel Ltd. | 64918 |
| 2529 | Harel Insurance Investments & Financial Services Ltd. | 51361 |
| 12202 | ICL Group Ltd. | 80509 |
| 77 | Israel Corp., Ltd. | 24054 |
| 21650 | Israel Discount Bank Ltd., Class A Shares | 184514 |
| 451 | Melisron Ltd. | 42138 |
| 10478 | Mivne Real Estate KD Ltd. | 32014 |
| 2591 | Mizrahi Tefahot Bank Ltd. | 148314 |
| 1104 | Nice Ltd.\* | 184023 |
| 8317 | Nice Ltd., ADR\* | 1380040 |
| 545 | Nova Ltd.\* | 114189 |
| 4083 | Phoenix Financial Ltd. | 98497 |
| 3042 | Shapir Engineering & Industry Ltd. | 23507 |
| 2749 | Shufersal Ltd. | 27558 |
| 160 | Strauss Group Ltd. | 3907 |
| 18894 | Teva Pharmaceutical Industries Ltd.\* | 319972 |
| 2008 | Tower Semiconductor Ltd.\* | 82602 |
| 122359 | ZIM Integrated Shipping Services Ltd.<sup>(a)</sup> | 2135165 |
|  | Total Israel | 6624939 |
| **Italy - 3.1%** | **Italy - 3.1%** |  |
| 27166 | A2A SpA | 70509 |
| 2745 | Amplifon SpA | 63147 |
| 318395 | Azimut Holding SpA | 9307059 |
| 100420 | Banca Mediolanum SpA | 1670868 |
| 281245 | Banca Monte dei Paschi di Siena SpA | 2325982 |
| 25433 | Banco BPM SpA | 292425 |
| 19272 | BPER Banca SpA | 171229 |
| 605 | Brunello Cucinelli SpA | 74506 |
| 1488 | Buzzi SpA | 76535 |
| 8315 | Davide Campari-Milano NV | 54282 |
| 20601 | DiaSorin SpA | 2138958 |
| 912424 | Enel SpA | 8381843 |
| 34933 | Eni SpA | 516227 |
| 6265 | Ferrari NV | 3001368 |
| 9870 | FinecoBank Banca Fineco SpA | 213501 |
| 20881 | Generali | 760668 |
| 145336 | Hera SpA | 721959 |
| 6069 | Infrastrutture Wireless Italiane SpA<sup>(c)</sup> | 71202 |
| 1183 | Interpump Group SpA | 46198 |
| 270123 | Intesa Sanpaolo SpA | 1508306 |
| 9749 | Italgas SpA | 80277 |
| 133009 | Iveco Group NV | 2654752 |
| 7037 | Leonardo SpA | 437957 |
| 8669 | Mediobanca Banca di Credito Finanziario SpA | 206259 |
| 4039 | Moncler SpA | 252999 |
| 13778 | Nexi SpA<sup>(c)</sup> | 82979 |
| 6281 | Pirelli & C SpA<sup>(c)</sup> | 44975 |
| 8148 | Poste Italiane SpA<sup>(c)</sup> | 176950 |
| 9000 | PRADA SpA | 58643 |
| 4785 | Prysmian SpA | 308089 |
| 1570 | Recordati Industria Chimica e Farmaceutica SpA | 94207 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Italy - (continued)** | **Italy - (continued)** |  |
| 408 | Reply SpA | $68872 |
| 2193699 | Saipem SpA<sup>(a)</sup> | 5445580 |
| 1711859 | Snam SpA | 10248479 |
| 241806 | Telecom Italia SpA\* | 106589 |
| 25060 | Terna - Rete Elettrica Nazionale | 255816 |
| 56115 | UniCredit SpA | 3610316 |
| 145492 | Unipol Assicurazioni SpA | 2850783 |
|  | Total Italy | 58451294 |
| **Japan - 13.8%** | **Japan - 13.8%** |  |
| 1200 | ABC-Mart Inc. | 23422 |
| 8500 | Acom Co., Ltd. | 24289 |
| 48 | Activia Properties Inc. | 38362 |
| 18200 | Adastria Co., Ltd. | 354005 |
| 56 | Advance Residence Investment Corp. | 57638 |
| 12500 | Advantest Corp. | 640605 |
| 13200 | Aeon Co., Ltd. | 406226 |
| 2300 | AEON Financial Service Co., Ltd. | 20996 |
| 1600 | Aeon Mall Co., Ltd. | 31900 |
| 22 | AEON REIT Investment Corp. | 19106 |
| 3200 | AGC Inc. | 94627 |
| 800 | Aica Kogyo Co., Ltd. | 20195 |
| 3700 | Air Water Inc. | 51625 |
| 8000 | Aisin Corp. | 101383 |
| 96100 | Ajinomoto Co., Inc. | 2399644 |
| 59900 | Alfresa Holdings Corp. | 804652 |
| 79400 | Alps Alpine Co., Ltd. | 758191 |
| 5500 | Amada Co., Ltd. | 56175 |
| 1100 | Amano Corp. | 32393 |
| 2400 | ANA Holdings Inc. | 47665 |
| 2100 | Aozora Bank Ltd. | 30404 |
| 1000 | As One Corp. | 15543 |
| 23746 | Asahi Group Holdings Ltd. | 314605 |
| 25500 | Asahi Intecc Co., Ltd. | 395277 |
| 18600 | Asahi Kasei Corp. | 130249 |
| 10800 | Asics Corp. | 261628 |
| 31300 | Astellas Pharma Inc. | 308957 |
| 8000 | Azbil Corp. | 70261 |
| 10800 | Bandai Namco Holdings Inc. | 342849 |
| 2100 | BayCurrent Inc. | 112169 |
| 2700 | Bic Camera Inc. | 28201 |
| 14300 | BIPROGY Inc. | 580175 |
| 9400 | Bridgestone Corp. | 403381 |
| 48700 | Brother Industries Ltd. | 836811 |
| 85000 | Calbee Inc. | 1677756 |
| 15200 | Canon Inc. | 464230 |
| 800 | Canon Marketing Japan Inc. | 29674 |
| 6200 | Capcom Co., Ltd. | 184009 |
| 3300 | Casio Computer Co., Ltd. | 23918 |
| 15800 | Central Japan Railway Co. | 345715 |
| 280400 | Chiba Bank Ltd. | 2531783 |
| 11800 | Chubu Electric Power Co., Inc. | 145022 |
| 71100 | Chugai Pharmaceutical Co., Ltd. | 3742035 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 2900 | Chugin Financial Group Inc. | $34914 |
| 124400 | Chugoku Electric Power Co., Inc. | 609707 |
| 2000 | Coca-Cola Bottlers Japan Holdings Inc. | 33104 |
| 22600 | COMSYS Holdings Corp. | 519122 |
| 19300 | Concordia Financial Group Ltd. | 122771 |
| 900 | Cosmo Energy Holdings Co., Ltd. | 37824 |
| 600 | Cosmos Pharmaceutical Corp. | 36826 |
| 98700 | Credit Saison Co., Ltd. | 2680167 |
| 7900 | CyberAgent Inc. | 80468 |
| 7600 | Dai Nippon Printing Co., Ltd. | 111842 |
| 4800 | Daicel Corp. | 40814 |
| 1900 | Daido Steel Co., Ltd. | 12777 |
| 6000 | Daifuku Co., Ltd. | 161017 |
| 58700 | Dai-ichi Life Holdings Inc. | 454206 |
| 31400 | Daiichi Sankyo Co., Ltd. | 838752 |
| 13900 | Daikin Industries Ltd. | 1594696 |
| 1000 | Daito Trust Construction Co., Ltd. | 112545 |
| 9600 | Daiwa House Industry Co., Ltd. | 324501 |
| 35 | Daiwa House REIT Investment Corp., Class A Shares | 58280 |
| 10 | Daiwa Office Investment Corp., Class A Shares | 20947 |
| 23500 | Daiwa Securities Group Inc. | 160007 |
| 38 | Daiwa Securities Living Investments Corp., Class A Shares | 24814 |
| 1500 | Denka Co., Ltd. | 21274 |
| 30600 | Denso Corp. | 413578 |
| 3600 | Dentsu Group Inc. | 78142 |
| 500 | Dentsu Soken Inc. | 23549 |
| 2100 | Dexerials Corp. | 30392 |
| 1200 | DIC Corp. | 24643 |
| 10000 | Disco Corp. | 2286507 |
| 2200 | DMG Mori Co., Ltd. | 46613 |
| 800 | Dowa Holdings Co., Ltd. | 25310 |
| 17800 | East Japan Railway Co. | 374866 |
| 6900 | Ebara Corp. | 110194 |
| 4700 | Eisai Co., Ltd. | 134528 |
| 32300 | Electric Power Development Co., Ltd. | 543943 |
| 47300 | ENEOS Holdings Inc. | 222555 |
| 3300 | EXEO Group Inc. | 42205 |
| 34700 | Ezaki Glico Co., Ltd. | 1118621 |
| 15700 | FANUC Corp. | 419137 |
| 3100 | Fast Retailing Co., Ltd. | 1034375 |
| 1900 | Food & Life Cos., Ltd. | 81705 |
| 1200 | FP Corp. | 24505 |
| 40 | Frontier Real Estate Investment Corp. | 22896 |
| 2100 | Fuji Electric Co., Ltd. | 92608 |
| 900 | Fuji Media Holdings Inc. | 17963 |
| 400 | Fuji Oil Co., Ltd. | 8233 |
| 19600 | FUJIFILM Holdings Corp. | 444411 |
| 4600 | Fujikura Ltd. | 215011 |
| 1200 | Fujitec Co., Ltd. | 47796 |
| 1100 | Fujitsu General Ltd. | 21405 |
| 29600 | Fujitsu Ltd. | 676149 |
| 2700 | Fukuoka Financial Group Inc. | 73439 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 800 | Furukawa Electric Co., Ltd. | $37673 |
| 1200 | Fuyo General Lease Co., Ltd. | 33126 |
| 802 | GLP J-Reit | 709140 |
| 1200 | GMO internet group Inc. | 29274 |
| 900 | GMO Payment Gateway Inc. | 55050 |
| 500 | Goldwin Inc. | 28622 |
| 1400 | GS Yuasa Corp. | 25444 |
| 3900 | Gunma Bank Ltd. | 32028 |
| 33200 | H.U. Group Holdings Inc. | 720049 |
| 6600 | Hachijuni Bank Ltd. | 53327 |
| 5100 | Hakuhodo DY Holdings Inc. | 40187 |
| 5400 | Hamamatsu Photonics KK | 57645 |
| 4000 | Hankyu Hanshin Holdings Inc. | 107690 |
| 19400 | Hanwa Co., Ltd. | 703887 |
| 900 | Harmonic Drive Systems Inc. | 20259 |
| 4500 | Haseko Corp. | 65396 |
| 1400 | Heiwa Corp. | 20380 |
| 4400 | Hikari Tsushin Inc. | 1196813 |
| 5700 | Hino Motors Ltd.\* | 18397 |
| 4100 | Hirogin Holdings Inc. | 35259 |
| 15610 | Hirose Electric Co., Ltd. | 1829378 |
| 900 | Hisamitsu Pharmaceutical Co., Inc. | 25606 |
| 2000 | Hitachi Construction Machinery Co., Ltd. | 60587 |
| 75100 | Hitachi Ltd. | 2076862 |
| 78628 | Honda Motor Co., Ltd. | 801667 |
| 800 | Horiba Ltd. | 56929 |
| 1900 | Hoshizaki Corp. | 71051 |
| 1700 | House Foods Group Inc. | 32332 |
| 5900 | Hoya Corp. | 696857 |
| 10000 | Hulic Co., Ltd. | 101683 |
| 1600 | Ibiden Co., Ltd. | 64737 |
| 21700 | Idemitsu Kosan Co., Ltd. | 131858 |
| 2300 | IHI Corp. | 221149 |
| 2600 | Iida Group Holdings Co., Ltd. | 36444 |
| 48 | Industrial & Infrastructure Fund Investment Corp., Class A Shares | 39413 |
| 4400 | INFRONEER Holdings Inc. | 35898 |
| 13000 | Inpex Corp. | 174837 |
| 1400 | Internet Initiative Japan Inc. | 26985 |
| 139 | Invincible Investment Corp. | 59232 |
| 6500 | Isetan Mitsukoshi Holdings Ltd. | 99441 |
| 10300 | Isuzu Motors Ltd. | 139151 |
| 600 | Ito En Ltd. | 13200 |
| 22700 | ITOCHU Corp. | 1201903 |
| 200 | Itoham Yonekyu Holdings Inc. | 6979 |
| 3200 | Iwatani Corp. | 32880 |
| 3000 | Iyogin Holdings Inc. | 32462 |
| 900 | Izumi Co., Ltd. | 20531 |
| 3600 | J Front Retailing Co., Ltd. | 50570 |
| 2900 | Japan Airlines Co., Ltd. | 58602 |
| 1100 | Japan Airport Terminal Co., Ltd. | 33992 |
| 18500 | Japan Exchange Group Inc. | 205674 |
| 100 | Japan Hotel REIT Investment Corp., Class A Shares | 51750 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 36 | Japan Logistics Fund Inc. | $22882 |
| 125 | Japan Metropolitan Fund Invest | 85657 |
| 62500 | Japan Petroleum Exploration Co., Ltd. | 431673 |
| 32400 | Japan Post Bank Co., Ltd. | 350473 |
| 30700 | Japan Post Holdings Co., Ltd. | 299193 |
| 3000 | Japan Post Insurance Co., Ltd. | 65686 |
| 13 | Japan Prime Realty Investment Corp. | 32469 |
| 116 | Japan Real Estate Investment Corp. | 94331 |
| 1100 | Japan Steel Works Ltd. | 51761 |
| 19000 | Japan Tobacco Inc. | 583792 |
| 600 | Jeol Ltd. | 16702 |
| 10100 | JFE Holdings Inc. | 119396 |
| 1500 | JGC Holdings Corp. | 12688 |
| 500 | JMDC Inc. | 11315 |
| 68900 | JTEKT Corp. | 538712 |
| 200 | Justsystems Corp. | 4790 |
| 1500 | Kadokawa Corp. | 37264 |
| 1500 | Kagome Co., Ltd. | 31041 |
| 7100 | Kajima Corp. | 174835 |
| 1800 | Kakaku.com Inc. | 30883 |
| 2000 | Kamigumi Co., Ltd. | 55484 |
| 2100 | Kandenko Co., Ltd. | 43511 |
| 700 | Kaneka Corp. | 18963 |
| 16300 | Kansai Electric Power Co., Inc. | 186976 |
| 2500 | Kansai Paint Co., Ltd. | 35723 |
| 7500 | Kao Corp. | 341905 |
| 2700 | Kawasaki Heavy Industries Ltd. | 190713 |
| 7300 | Kawasaki Kisen Kaisha Ltd. | 109319 |
| 50500 | KDDI Corp. | 872943 |
| 68 | KDX Realty Investment Corp., Class A Shares | 71594 |
| 2000 | Keihan Holdings Co., Ltd. | 43696 |
| 4500 | Keikyu Corp. | 46354 |
| 2000 | Keio Corp. | 48726 |
| 6900 | Keisei Electric Railway Co., Ltd. | 66435 |
| 1600 | Kewpie Corp. | 37779 |
| 11700 | Keyence Corp. | 4941922 |
| 14200 | Kikkoman Corp. | 129848 |
| 1900 | Kinden Corp. | 51551 |
| 3200 | Kintetsu Group Holdings Co., Ltd. | 63106 |
| 12500 | Kirin Holdings Co., Ltd. | 179498 |
| 800 | Kobayashi Pharmaceutical Co., Ltd. | 29189 |
| 2200 | Kobe Bussan Co., Ltd. | 69567 |
| 119100 | Kobe Steel Ltd. | 1367331 |
| 2200 | Koei Tecmo Holdings Co., Ltd. | 36585 |
| 3800 | Koito Manufacturing Co., Ltd. | 47870 |
| 2000 | Kokusai Electric Corp. | 41763 |
| 1800 | Kokuyo Co., Ltd. | 38191 |
| 212529 | Komatsu Ltd. | 6465111 |
| 1700 | Konami Group Corp. | 230675 |
| 156000 | Konica Minolta Inc.\* | 477433 |
| 6800 | Kose Corp. | 273533 |
| 1300 | Kotobuki Spirits Co., Ltd. | 20954 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 2200 | K's Holdings Corp. | $21163 |
| 15900 | Kubota Corp. | 182123 |
| 3700 | Kuraray Co., Ltd. | 46768 |
| 1900 | Kurita Water Industries Ltd. | 70767 |
| 1200 | Kusuri no Aoki Holdings Co., Ltd. | 29350 |
| 21900 | Kyocera Corp. | 268991 |
| 5000 | Kyoto Financial Group Inc. | 83932 |
| 4300 | Kyowa Kirin Co., Ltd. | 70759 |
| 600 | Kyudenko Corp. | 22166 |
| 96900 | Kyushu Electric Power Co., Inc. | 835694 |
| 7600 | Kyushu Financial Group Inc. | 38343 |
| 78400 | Kyushu Railway Co. | 2109462 |
| 23 | LaSalle Logiport REIT | 21465 |
| 1500 | Lasertec Corp. | 152366 |
| 28100 | Lion Corp. | 305289 |
| 3900 | Lixil Corp. | 44055 |
| 43500 | LY Corp. | 157877 |
| 161100 | M3 Inc. | 2263141 |
| 1200 | Mabuchi Motor Co., Ltd. | 18002 |
| 57400 | Macnica Holdings Inc. | 759956 |
| 230879 | Makita Corp. | 7053545 |
| 26900 | Marubeni Corp. | 545004 |
| 3100 | Marui Group Co., Ltd. | 63641 |
| 1600 | Maruichi Steel Tube Ltd. | 38479 |
| 100 | Maruwa Co., Ltd. | 24440 |
| 3800 | Matsui Securities Co., Ltd. | 18518 |
| 6200 | MatsukiyoCocokara & Co. | 125635 |
| 10100 | Mazda Motor Corp. | 63440 |
| 1500 | McDonald's Holdings Co. Japan Ltd. | 63699 |
| 170600 | Mebuki Financial Group Inc. | 832915 |
| 40900 | Medipal Holdings Corp. | 638729 |
| 4700 | MEIJI Holdings Co., Ltd. | 105334 |
| 2200 | Mercari Inc.\* | 36600 |
| 321004 | MINEBEA MITSUMI Inc. | 4489772 |
| 306330 | MISUMI Group Inc. | 4034145 |
| 19200 | Mitsubishi Chemical Group Corp. | 102010 |
| 63300 | Mitsubishi Corp. | 1280693 |
| 308668 | Mitsubishi Electric Corp. | 6233433 |
| 19400 | Mitsubishi Estate Co., Ltd. | 353757 |
| 2800 | Mitsubishi Gas Chemical Co., Inc. | 42955 |
| 14500 | Mitsubishi HC Capital Inc. | 106628 |
| 54300 | Mitsubishi Heavy Industries Ltd. | 1248902 |
| 5100 | Mitsubishi Logistics Corp. | 41401 |
| 2500 | Mitsubishi Materials Corp. | 38843 |
| 13200 | Mitsubishi Motors Corp. | 39608 |
| 191400 | Mitsubishi UFJ Financial Group Inc. | 2663763 |
| 48600 | Mitsui & Co., Ltd. | 1014334 |
| 3000 | Mitsui Chemicals Inc. | 67848 |
| 46600 | Mitsui Fudosan Co., Ltd. | 447684 |
| 44 | Mitsui Fudosan Logistics Park Inc. | 31070 |
| 23700 | Mitsui Mining & Smelting Co., Ltd. | 806689 |
| 5000 | Mitsui OSK Lines Ltd. | 176758 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 800 | Miura Co., Ltd. | $16786 |
| 41100 | MIXI Inc. | 952898 |
| 43200 | Mizuho Financial Group Inc. | 1184291 |
| 1100 | Money Forward Inc.\* | 35093 |
| 4000 | MonotaRO Co., Ltd. | 82883 |
| 28 | Mori Hills REIT Investment Corp., Class A Shares | 25408 |
| 1400 | Morinaga & Co., Ltd. | 23232 |
| 1100 | Morinaga Milk Industry Co., Ltd. | 25324 |
| 21800 | MS&AD Insurance Group Holdings Inc. | 517918 |
| 420950 | Murata Manufacturing Co., Ltd. | 6057098 |
| 326353 | Nabtesco Corp. | 5419937 |
| 1600 | Nagase & Co., Ltd. | 30321 |
| 3500 | Nagoya Railroad Co., Ltd. | 39510 |
| 1800 | Nankai Electric Railway Co., Ltd. | 27189 |
| 20400 | NEC Corp. | 536978 |
| 7400 | Nexon Co., Ltd. | 137434 |
| 83300 | Nextage Co., Ltd. | 961544 |
| 41700 | NGK Insulators Ltd. | 518366 |
| 1400 | NH Foods Ltd. | 49466 |
| 49900 | NHK Spring Co., Ltd. | 551783 |
| 700 | Nichias Corp. | 24212 |
| 4200 | Nichirei Corp. | 54312 |
| 17500 | NIDEC Corp. | 337449 |
| 1800 | Nifco Inc. | 43037 |
| 2800 | Nihon Kohden Corp. | 33456 |
| 4300 | Nihon M&A Center Holdings Inc. | 21118 |
| 4400 | Nikon Corp. | 44285 |
| 17700 | Nintendo Co., Ltd. | 1443422 |
| 50 | Nippon Accommodations Fund Inc., Class A Shares | 39933 |
| 141 | Nippon Building Fund Inc. | 128945 |
| 19000 | Nippon Electric Glass Co., Ltd. | 454290 |
| 289470 | NIPPON EXPRESS HOLDINGS Inc. | 5357837 |
| 2400 | Nippon Kayaku Co., Ltd. | 21801 |
| 16800 | Nippon Paint Holdings Co., Ltd. | 126435 |
| 123 | Nippon Prologis REIT Inc. | 65880 |
| 61900 | Nippon Sanso Holdings Corp. | 2212234 |
| 20900 | Nippon Shinyaku Co., Ltd. | 515095 |
| 2400 | Nippon Shokubai Co., Ltd. | 27542 |
| 16200 | Nippon Steel Corp. | 326847 |
| 480700 | Nippon Telegraph & Telephone Corp. | 534416 |
| 300 | Nippon Television Holdings Inc. | 6809 |
| 6700 | Nippon Yusen KK | 243750 |
| 2600 | Nipro Corp. | 22849 |
| 2200 | Nissan Chemical Corp. | 66065 |
| 38600 | Nissan Motor Co., Ltd.\* | 97615 |
| 4300 | Nisshin Seifun Group Inc. | 51905 |
| 4200 | Nissin Foods Holdings Co., Ltd. | 89367 |
| 2500 | Niterra Co., Ltd. | 80906 |
| 1400 | Nitori Holdings Co., Ltd. | 139961 |
| 106800 | Nitto Denko Corp. | 1943379 |
| 3200 | NOF Corp. | 56531 |
| 1500 | NOK Corp. | 22115 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 52200 | Nomura Holdings Inc. | $317959 |
| 84600 | Nomura Real Estate Holdings Inc. | 496252 |
| 76 | Nomura Real Estate Master Fund Inc. | 76436 |
| 56000 | Nomura Research Institute Ltd. | 2188182 |
| 1200 | NS Solutions Corp. | 32059 |
| 23600 | NS United Kaiun Kaisha Ltd. | 623431 |
| 8720 | NSK Ltd. | 39113 |
| 10100 | NTT Data Group Corp. | 277203 |
| 10500 | Obayashi Corp. | 158191 |
| 300 | OBIC Business Consultants Co., Ltd. | 17102 |
| 5300 | Obic Co., Ltd. | 193561 |
| 4800 | Odakyu Electric Railway Co., Ltd. | 53550 |
| 15500 | Oji Holdings Corp. | 73487 |
| 1000 | OKUMA Corp. | 25197 |
| 696185 | Olympus Corp. | 8909353 |
| 215045 | Omron Corp. | 5600489 |
| 7600 | Ono Pharmaceutical Co., Ltd. | 83120 |
| 1300 | Open House Group Co., Ltd. | 56435 |
| 500 | Oracle Corp. Japan | 58721 |
| 600 | Organo Corp. | 31938 |
| 18000 | Oriental Land Co., Ltd. | 400818 |
| 18100 | ORIX Corp. | 382565 |
| 55 | Orix JREIT Inc. | 68424 |
| 6400 | Osaka Gas Co., Ltd. | 162716 |
| 4400 | Otsuka Corp. | 90409 |
| 7500 | Otsuka Holdings Co., Ltd. | 380956 |
| 700 | PALTAC Corp. | 20380 |
| 6800 | Pan Pacific International Holdings Corp. | 223061 |
| 36600 | Panasonic Holdings Corp. | 419608 |
| 1700 | Park24 Co., Ltd. | 23748 |
| 2000 | PeptiDream Inc.\* | 24394 |
| 3556809 | Persol Holdings Co., Ltd. | 6673686 |
| 1700 | Pola Orbis Holdings Inc. | 16141 |
| 1600 | Rakus Co., Ltd. | 24667 |
| 19100 | Rakuten Bank Ltd.\* | 989557 |
| 24100 | Rakuten Group Inc.\* | 132464 |
| 61900 | Recruit Holdings Co., Ltd. | 3741123 |
| 1700 | Relo Group Inc. | 20346 |
| 355800 | Renesas Electronics Corp. | 4380490 |
| 4100 | Rengo Co., Ltd. | 21102 |
| 814500 | Resona Holdings Inc. | 7132056 |
| 3200 | Resonac Holdings Corp. | 69986 |
| 2400 | Resorttrust Inc. | 27269 |
| 9000 | Ricoh Co., Ltd. | 83773 |
| 1600 | Rinnai Corp. | 40098 |
| 4900 | Rohm Co., Ltd. | 52811 |
| 139200 | Rohto Pharmaceutical Co., Ltd. | 1970406 |
| 2200 | Rorze Corp. | 24890 |
| 4300 | Ryohin Keikaku Co., Ltd. | 164663 |
| 145200 | Sankyo Co., Ltd. | 2536561 |
| 1000 | Sankyu Inc. | 47988 |
| 3300 | Sanrio Co., Ltd. | 143848 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 72600 | Santen Pharmaceutical Co., Ltd. | $807552 |
| 3500 | Sanwa Holdings Corp. | 120509 |
| 1100 | Sapporo Holdings Ltd. | 56075 |
| 39100 | Sawai Group Holdings Co., Ltd. | 486367 |
| 4700 | SBI Holdings Inc. | 143459 |
| 1100 | SBI Sumishin Net Bank Ltd. | 35848 |
| 1500 | SCREEN Holdings Co., Ltd. | 106673 |
| 2800 | SCSK Corp. | 85020 |
| 6600 | Secom Co., Ltd. | 240899 |
| 2500 | Sega Sammy Holdings Inc. | 47458 |
| 3100 | Seibu Holdings Inc. | 81840 |
| 4500 | Seiko Epson Corp. | 59352 |
| 2300 | Seino Holdings Co., Ltd. | 34564 |
| 7300 | Sekisui Chemical Co., Ltd. | 126484 |
| 8800 | Sekisui House Ltd. | 199854 |
| 87 | Sekisui House REIT Inc. | 46613 |
| 238100 | Seven & i Holdings Co., Ltd. | 3602104 |
| 9900 | Seven Bank Ltd. | 18919 |
| 7400 | SG Holdings Co., Ltd. | 72294 |
| 3200 | Sharp Corp.\* | 16464 |
| 3000 | SHIFT Inc.\* | 34901 |
| 3200 | Shikoku Electric Power Co., Inc. | 25910 |
| 132500 | Shimadzu Corp. | 3217506 |
| 800 | Shimamura Co., Ltd. | 55630 |
| 1400 | Shimano Inc. | 200138 |
| 9400 | Shimizu Corp. | 103174 |
| 168200 | Shin-Etsu Chemical Co., Ltd. | 5365222 |
| 12500 | Shionogi & Co., Ltd. | 210716 |
| 1300 | Ship Healthcare Holdings Inc. | 16838 |
| 7300 | Shiseido Co., Ltd. | 118263 |
| 8200 | Shizuoka Financial Group Inc. | 95368 |
| 1000 | SHO-BOND Holdings Co., Ltd. | 33928 |
| 3800 | Skylark Holdings Co., Ltd. | 84051 |
| 900 | SMC Corp. | 337110 |
| 2400 | Socionext Inc. | 35228 |
| 473400 | SoftBank Corp. | 725384 |
| 17300 | SoftBank Group Corp. | 896740 |
| 7200 | Sohgo Security Services Co., Ltd. | 50197 |
| 3700 | Sojitz Corp. | 91031 |
| 16100 | Sompo Holdings Inc. | 491155 |
| 268300 | Sony Group Corp. | 7136899 |
| 1100 | Sotetsu Holdings Inc. | 16418 |
| 1200 | Square Enix Holdings Co., Ltd. | 75699 |
| 1900 | Stanley Electric Co., Ltd. | 36502 |
| 9200 | Subaru Corp. | 169459 |
| 25700 | Sugi Holdings Co., Ltd. | 565781 |
| 7000 | SUMCO Corp. | 47207 |
| 1200 | Sumitomo Bakelite Co., Ltd. | 32635 |
| 26600 | Sumitomo Chemical Co., Ltd. | 63531 |
| 20000 | Sumitomo Corp. | 509770 |
| 13100 | Sumitomo Electric Industries Ltd. | 271877 |
| 2500 | Sumitomo Forestry Co., Ltd. | 72615 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 1100 | Sumitomo Heavy Industries Ltd. | $23032 |
| 4500 | Sumitomo Metal Mining Co., Ltd. | 102509 |
| 62600 | Sumitomo Mitsui Financial Group Inc. | 1588653 |
| 12200 | Sumitomo Mitsui Trust Group Inc. | 328900 |
| 6900 | Sumitomo Realty & Development Co., Ltd. | 264967 |
| 36300 | Sumitomo Rubber Industries Ltd. | 449409 |
| 1400 | Sundrug Co., Ltd. | 43692 |
| 2300 | Suntory Beverage & Food Ltd. | 74686 |
| 31200 | Suzuken Co., Ltd. | 1152410 |
| 31000 | Suzuki Motor Corp. | 395366 |
| 10100 | Sysmex Corp. | 170812 |
| 9000 | T&D Holdings Inc. | 204668 |
| 25000 | Taiheiyo Cement Corp. | 639229 |
| 47300 | Taisei Corp. | 2635001 |
| 2000 | Taiyo Yuden Co., Ltd. | 33291 |
| 2900 | Takara Holdings Inc. | 25751 |
| 1000 | Takasago Thermal Engineering Co., Ltd. | 46003 |
| 5600 | Takashimaya Co., Ltd. | 44666 |
| 26600 | Takeda Pharmaceutical Co., Ltd. | 799102 |
| 800 | TBS Holdings Inc. | 25628 |
| 31000 | TDK Corp. | 340202 |
| 2100 | TechnoPro Holdings Inc. | 57278 |
| 2500 | Teijin Ltd. | 19991 |
| 24100 | Terumo Corp. | 443410 |
| 2200 | THK Co., Ltd. | 59825 |
| 4100 | TIS Inc. | 134804 |
| 3400 | Tobu Railway Co., Ltd. | 60129 |
| 4100 | Toda Corp. | 25358 |
| 1000 | Toei Animation Co., Ltd. | 21723 |
| 2000 | Toho Co., Ltd. | 105867 |
| 1600 | Toho Gas Co., Ltd. | 44693 |
| 113800 | Tohoku Electric Power Co., Inc. | 793499 |
| 3700 | Tokai Carbon Co., Ltd. | 26464 |
| 32000 | Tokio Marine Holdings Inc. | 1343452 |
| 3700 | Tokyo Century Corp. | 39192 |
| 20500 | Tokyo Electric Power Co. Holdings Inc.\* | 56266 |
| 7500 | Tokyo Electron Ltd. | 1182510 |
| 6400 | Tokyo Gas Co., Ltd. | 215472 |
| 1600 | Tokyo Ohka Kogyo Co., Ltd. | 41191 |
| 800 | Tokyo Seimitsu Co., Ltd. | 44113 |
| 85800 | Tokyo Steel Manufacturing Co., Ltd. | 915794 |
| 53800 | Tokyo Tatemono Co., Ltd. | 955125 |
| 8300 | Tokyu Corp. | 100754 |
| 142000 | Tokyu Fudosan Holdings Corp. | 1045290 |
| 1300 | Tomy Co., Ltd. | 27706 |
| 3900 | TOPPAN Holdings Inc. | 104406 |
| 23600 | Toray Industries Inc. | 162269 |
| 900 | Toridoll Holdings Corp. | 25929 |
| 359477 | Tosoh Corp. | 5306029 |
| 292252 | TOTO Ltd. | 7475196 |
| 2700 | Toyo Seikan Group Holdings Ltd. | 53202 |
| 61200 | Toyo Suisan Kaisha Ltd. | 4058355 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Japan - (continued)** | **Japan - (continued)** |  |
| 1500 | Toyo Tire Corp. | $30967 |
| 700 | Toyoda Gosei Co., Ltd. | 13541 |
| 1100 | Toyota Boshoku Corp. | 15636 |
| 2600 | Toyota Industries Corp. | 324180 |
| 198400 | Toyota Motor Corp. | 3765011 |
| 11800 | Toyota Tsusho Corp. | 249297 |
| 21800 | Transcosmos Inc. | 509161 |
| 2200 | Trend Micro Inc. | 164543 |
| 1800 | TS Tech Co., Ltd. | 20053 |
| 1100 | Tsumura & Co. | 26096 |
| 600 | Tsuruha Holdings Inc. | 47142 |
| 1700 | UBE Corp. | 26528 |
| 1000 | Ulvac Inc. | 34616 |
| 19800 | Unicharm Corp. | 157632 |
| 43 | United Urban Investment Corp. | 45189 |
| 1500 | Ushio Inc. | 18484 |
| 6900 | USS Co., Ltd. | 75062 |
| 42300 | Valor Holdings Co., Ltd. | 715641 |
| 2011 | Welcia Holdings Co., Ltd. | 35733 |
| 7800 | West Japan Railway Co. | 169107 |
| 700 | Workman Co., Ltd. | 26760 |
| 5300 | Yakult Honsha Co., Ltd. | 107249 |
| 229800 | Yamada Holdings Co., Ltd. | 690424 |
| 3200 | Yamaguchi Financial Group Inc. | 33751 |
| 7200 | Yamaha Corp. | 50105 |
| 15500 | Yamaha Motor Co., Ltd. | 118368 |
| 4600 | Yamato Holdings Co., Ltd. | 63751 |
| 500 | Yamato Kogyo Co., Ltd. | 29531 |
| 2200 | Yamazaki Baking Co., Ltd. | 49764 |
| 400 | Yaoko Co., Ltd. | 26045 |
| 4400 | Yaskawa Electric Corp. | 102826 |
| 18700 | Yokogawa Electric Corp. | 456970 |
| 2100 | Yokohama Rubber Co., Ltd. | 52603 |
| 2000 | Zenkoku Hosho Co., Ltd. | 44189 |
| 1600 | Zensho Holdings Co., Ltd. | 88002 |
| 48000 | Zeon Corp. | 482045 |
| 7500 | ZOZO Inc. | 81333 |
|  | Total Japan | 260632298 |
| **Luxembourg - 0.3%** | **Luxembourg - 0.3%** |  |
| 8021 | ArcelorMittal SA | 245577 |
| 118866 | CVC Capital Partners PLC<sup>(c)</sup> | 2210902 |
| 2006 | Eurofins Scientific SE | 133849 |
| 11352 | Globant SA\* | 1113518 |
| 434 | RTL Group SA | 16637 |
| 94387 | Tenaris SA | 1581883 |
|  | Total Luxembourg | 5302366 |
| **Macau - 0.0%** | **Macau - 0.0%** |  |
| 15600 | MGM China Holdings Ltd. | 22032 |
| 42000 | Sands China Ltd.\* | 81989 |
| 20800 | Wynn Macau Ltd. | 13919 |
|  | Total Macau | 117940 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Mexico - 0.4%** | **Mexico - 0.4%** |  |
| 3190 | Fresnillo PLC | $50120 |
| 525000 | Grupo Financiero Banorte SAB de CV, Class O Shares | 4656176 |
| 594823 | Grupo Mexico SAB de CV, Class B Shares | 3286947 |
|  | Total Mexico | 7993243 |
| **Netherlands - 3.7%** | **Netherlands - 3.7%** |  |
| 1518 | Aalberts NV | 53019 |
| 358444 | ABN AMRO Bank NV<sup>(c)</sup> | 9271879 |
| 1585 | Adyen NV\*<sup>(c)</sup> | 3042918 |
| 23326 | Aegon Ltd. | 167122 |
| 133652 | Akzo Nobel NV | 9104263 |
| 1014 | Argenx SE\* | 581262 |
| 4403 | Argenx SE, ADR\* | 2524064 |
| 3933 | ASM International NV | 2143591 |
| 16869 | ASML Holding NV | 12535624 |
| 2712 | ASR Nederland NV | 173982 |
| 1433 | BE Semiconductor Industries NV | 173508 |
| 2573 | CTP NV<sup>(c)</sup> | 48986 |
| 30330 | Euronext NV<sup>(c)</sup> | 4940137 |
| 1629 | EXOR NV | 156924 |
| 7939 | Ferrovial SE | 405015 |
| 2030 | Heineken Holding NV | 158163 |
| 4623 | Heineken NV | 412571 |
| 1042 | IMCD NV | 141449 |
| 49882 | ING Groep NV | 1058628 |
| 2461 | JDE Peet's NV | 67697 |
| 15160 | Koninklijke Ahold Delhaize NV | 639886 |
| 62859 | Koninklijke KPN NV | 295640 |
| 13776 | Koninklijke Philips NV | 318787 |
| 1018 | Koninklijke Vopak NV | 46666 |
| 4722 | NN Group NV | 297247 |
| 133629 | Prosus NV\* | 6871143 |
| 53096 | QIAGEN NV\* | 2395783 |
| 135681 | Randstad NV | 5698553 |
| 30758 | Signify NV | 752647 |
| 34105 | Stellantis NV | 347779 |
| 13530 | Universal Music Group NV | 432255 |
| 24183 | Wolters Kluwer NV | 4292855 |
|  | Total Netherlands | 69550043 |
| **New Zealand - 0.1%** | **New Zealand - 0.1%** |  |
| 11489 | a2 Milk Co., Ltd. | 60973 |
| 39575 | Air New Zealand Ltd. | 14235 |
| 29106 | Auckland International Airport Ltd. | 131319 |
| 13445 | Contact Energy Ltd. | 73528 |
| 9229 | Fisher & Paykel Healthcare Corp., Ltd | 202018 |
| 18829 | Fletcher Building Ltd.\* | 35269 |
| 14563 | Infratil Ltd. | 92132 |
| 1194 | Mainfreight Ltd. | 50290 |
| 15102 | Mercury NZ Ltd. | 53337 |
| 23488 | Meridian Energy Ltd. | 77062 |
| 12378 | Ryman Healthcare Ltd.\* | 15498 |
| 30230 | Spark New Zealand Ltd. | 40289 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **New Zealand - (continued)** | **New Zealand - (continued)** |  |
| 2518 | Xero Ltd.\* | $299036 |
|  | Total New Zealand | 1144986 |
| **Norway - 0.9%** | **Norway - 0.9%** |  |
| 343 | Aker ASA, Class A Shares | 20196 |
| 421397 | Aker BP ASA | 9687003 |
| 161772 | Aker Solutions ASA | 528360 |
| 17225 | DNB Bank ASA | 461191 |
| 239662 | Equinor ASA | 5615988 |
| 2802 | Gjensidige Forsikring ASA | 70936 |
| 1291 | Kongsberg Gruppen ASA | 227073 |
| 6943 | Mowi ASA | 129649 |
| 436494 | MPC Container Ships ASA | 686724 |
| 23431 | Norsk Hydro ASA | 128309 |
| 12471 | Orkla ASA | 141146 |
| 984 | Salmar ASA | 43816 |
| 9907 | Telenor ASA | 152389 |
| 14878 | Var Energi ASA | 43109 |
| 973 | Vend Marketplaces ASA | 32526 |
| 1739 | Vend Marketplaces ASA, Class B Shares | 55202 |
| 2828 | Yara International ASA | 101403 |
|  | Total Norway | 18125020 |
| **Peru - 0.1%** | **Peru - 0.1%** |  |
| 11976 | Credicorp Ltd. | 2536637 |
| **Philippines - 0.2%** | **Philippines - 0.2%** |  |
| 609743 | BDO Unibank Inc. | 1742873 |
| 140470 | SM Investments Corp. | 2102851 |
|  | Total Philippines | 3845724 |
| **Poland - 0.3%** | **Poland - 0.3%** |  |
| 10677 | Allegro.eu SA\*<sup>(c)</sup> | 98320 |
| 3093 | Bank Polska Kasa Opieki SA | 152484 |
| 9977 | Dino Polska SA\*<sup>(c)</sup> | 1465507 |
| 141308 | InPost SA\* | 2324565 |
| 2435 | KGHM Polska Miedz SA | 80044 |
| 23 | LPP SA | 88678 |
| 198 | mBank SA\* | 43419 |
| 10038 | ORLEN SA | 197313 |
| 13918 | Powszechna Kasa Oszczednosci Bank Polski SA | 280185 |
| 10188 | Powszechny Zaklad Ubezpieczen SA | 166643 |
| 564 | Santander Bank Polska SA | 75505 |
|  | Total Poland | 4972663 |
| **Portugal - 0.4%** | **Portugal - 0.4%** |  |
| 143297 | Banco Comercial Portugues SA, Class R Shares | 111862 |
| 51953 | EDP SA | 208122 |
| 240952 | Galp Energia SGPS SA | 3849247 |
| 85782 | Jeronimo Martins SGPS SA | 2150158 |
| 137405 | NOS SGPS SA | 601145 |
|  | Total Portugal | 6920534 |
| **Russia - 0.0%** | **Russia - 0.0%** |  |
| 4413 | Novatek PJSC, Class Registered Shares, GDR\*<sup><sup>@</sup>(b)<sup>(e)</sup></sup> | 88 |
| 1187 | Novatek PJSC, GDR\*<sup><sup>@</sup>(b)<sup>(e)</sup></sup> | 24 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Russia - (continued)** | **Russia - (continued)** |  |
| 978392 | Sberbank of Russia PJSC<sup>@(b)(e)</sup> | $731 |
|  | Total Russia | 843 |
| **Saudi Arabia - 0.1%** | **Saudi Arabia - 0.1%** |  |
| 251380 | Saudi National Bank | 2331176 |
| 15335 | United Electronics Co. | 354423 |
|  | Total Saudi Arabia | 2685599 |
| **Singapore - 0.8%** | **Singapore - 0.8%** |  |
| 564043 | ASMPT Ltd. | 3806263 |
| 4100 | BOC Aviation Ltd.<sup>(c)</sup> | 33051 |
| 54000 | CapitaLand Ascendas REIT | 110979 |
| 32300 | CapitaLand Ascott Trust | 21417 |
| 86789 | CapitaLand Integrated Commercial Trust | 140666 |
| 43300 | CapitaLand Investment Ltd. | 84629 |
| 9100 | City Developments Ltd. | 34158 |
| 40900 | ComfortDelGro Corp., Ltd | 45071 |
| 34810 | DBS Group Holdings Ltd. | 1207409 |
| 41400 | Frasers Logistics & Commercial Trust | 25525 |
| 93700 | Genting Singapore Ltd. | 50140 |
| 1100 | Jardine Cycle & Carriage Ltd. | 20832 |
| 64157 | JOYY Inc., ADR | 3071837 |
| 33231 | Keppel DC REIT | 56440 |
| 21100 | Keppel Ltd. | 111121 |
| 48400 | Keppel REIT | 31904 |
| 23500 | Mapletree Industrial Trust | 35173 |
| 51500 | Mapletree Logistics Trust | 44337 |
| 806800 | Mapletree Pan Asia Commercial Trust | 738313 |
| 48500 | NETLINK NBN TRUST | 32531 |
| 28100 | Olam Group Ltd. | 19614 |
| 60200 | Oversea-Chinese Banking Corp., Ltd | 757778 |
| 14400 | SATS Ltd. | 34512 |
| 18521 | Sea Ltd., ADR\* | 2970213 |
| 35865 | Seatrium Ltd. | 57027 |
| 16100 | Sembcorp Industries Ltd. | 82662 |
| 23000 | Singapore Airlines Ltd. | 127180 |
| 14700 | Singapore Exchange Ltd. | 159368 |
| 27700 | Singapore Technologies Engineering Ltd. | 167991 |
| 132000 | Singapore Telecommunications Ltd. | 390963 |
| 37700 | Suntec Real Estate Investment Trust | 33036 |
| 20667 | United Overseas Bank Ltd. | 567685 |
| 8900 | UOL Group Ltd. | 39409 |
| 4500 | Venture Corp., Ltd | 38633 |
| 35700 | Wilmar International Ltd. | 84440 |
|  | Total Singapore | 15232307 |
| **South Africa - 0.1%** | **South Africa - 0.1%** |  |
| 9988 | Gold Fields Ltd. | 226083 |
| 23287 | Gold Fields Ltd., ADR | 535601 |
| 941927 | Growthpoint Properties Ltd. | 708071 |
| 57773 | Investec PLC | 413958 |
| 3151 | Naspers Ltd., Class N Shares | 908652 |
|  | Total South Africa | 2792365 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **South Korea - 3.6%** | **South Korea - 3.6%** |  |
| 669 | Alteogen Inc.\* | $159005 |
| 653 | Amorepacific Corp. | 63209 |
| 217 | BGF retail Co., Ltd. | 16099 |
| 6404 | Binggrae Co., Ltd. | 419548 |
| 2556 | BNK Financial Group Inc. | 20487 |
| 2639 | Celltrion Inc. | 307599 |
| 464 | Celltrion Pharm Inc.\* | 16477 |
| 1556 | Cheil Worldwide Inc. | 20668 |
| 192 | CJ CheilJedang Corp. | 32177 |
| 340 | CJ Corp. | 33550 |
| 199 | CJ Logistics Corp. | 11559 |
| 462 | CosmoAM&T Co., Ltd.\* | 10878 |
| 951 | Coway Co., Ltd. | 61107 |
| 510 | DB Insurance Co., Ltd. | 37106 |
| 118 | Dongsuh Cos., Inc. | 2212 |
| 928 | Doosan Bobcat Inc. | 31484 |
| 40902 | Doosan Enerbility Co., Ltd.\* | 1195151 |
| 853 | Ecopro BM Co., Ltd.\* | 55010 |
| 1815 | Ecopro Co., Ltd. | 55877 |
| 751 | Ecopro Materials Co., Ltd.\* | 24335 |
| 380 | E-MART Inc. | 25064 |
| 246 | F&F Co., Ltd. | 13445 |
| 1811 | GS Engineering & Construction Corp. | 29695 |
| 804 | GS Holdings Corp. | 25347 |
| 247 | GS P&L Co., Ltd.\* | 5417 |
| 1045 | GS Retail Co., Ltd. | 11591 |
| 3999 | Hana Financial Group Inc. | 210479 |
| 678 | Hanjin Kal Corp. | 69378 |
| 1570 | Hankook Tire & Technology Co., Ltd. | 43646 |
| 132 | Hanmi Pharm Co., Ltd. | 29767 |
| 715 | Hanmi Science Co., Ltd. | 18329 |
| 921 | Hanmi Semiconductor Co., Ltd. | 53631 |
| 2894 | Hanon Systems\* | 6328 |
| 567 | Hanwha Aerospace Co., Ltd. | 333470 |
| 65946 | Hanwha Corp. | 3583286 |
| 9302 | Hanwha Life Insurance Co., Ltd.\* | 19887 |
| 1525 | Hanwha Ocean Co., Ltd.\* | 86124 |
| 2349 | Hanwha Solutions Corp. | 50940 |
| 36446 | Hanwha Systems Co., Ltd. | 1197993 |
| 774 | Hanwha Vision Co., Ltd.\* | 29206 |
| 701 | HD Hyundai Co., Ltd. | 56685 |
| 404 | HD Hyundai Electric Co., Ltd. | 110891 |
| 9800 | HD Hyundai Heavy Industries Co., Ltd. | 2877062 |
| 213 | HD Hyundai Marine Solution Co., Ltd. | 27727 |
| 375 | HD HYUNDAI MIPO | 52531 |
| 22301 | HD Korea Shipbuilding & Offshore Engineering Co., Ltd. | 5119393 |
| 661 | HL Mando Co., Ltd. | 16041 |
| 2264 | HLB Inc.\* | 89122 |
| 4819 | HMM Co., Ltd. | 74314 |
| 520 | Hotel Shilla Co., Ltd.\* | 18635 |
| 19567 | HPSP Co., Ltd. | 315270 |
| 325 | HYBE Co., Ltd.\* | 62585 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **South Korea - (continued)** | **South Korea - (continued)** |  |
| 192 | Hyundai Autoever Corp. | $19841 |
| 9115 | Hyundai Department Store Co., Ltd. | 475499 |
| 26764 | Hyundai Engineering & Construction Co., Ltd. | 1232741 |
| 10880 | Hyundai Glovis Co., Ltd. | 893251 |
| 966 | Hyundai Marine & Fire Insurance Co., Ltd.\* | 17029 |
| 1039 | Hyundai Mobis Co., Ltd. | 190313 |
| 3293 | Hyundai Motor Co. | 412098 |
| 1743 | Hyundai Steel Co. | 35487 |
| 385 | iM Financial Group Co., Ltd. | 3113 |
| 3442 | Industrial Bank of Korea | 39217 |
| 20872 | ISC Co., Ltd. | 767856 |
| 6077 | Kakao Corp. | 187864 |
| 1210 | Kakao Games Corp.\* | 14182 |
| 3172 | KakaoBank Corp. | 54064 |
| 554 | Kakaopay Corp.\* | 15182 |
| 1709 | Kangwon Land Inc. | 21080 |
| 5644 | KB Financial Group Inc. | 424197 |
| 112 | KCC Corp. | 24934 |
| 190 | KEPCO Plant Service & Engineering Co., Ltd. | 5921 |
| 4131 | Kia Corp. | 265815 |
| 28880 | Korea Aerospace Industries Ltd. | 1748014 |
| 3960 | Korea Electric Power Corp. | 87066 |
| 280 | Korea Gas Corp. | 8398 |
| 411 | Korea Investment Holdings Co., Ltd. | 32135 |
| 132 | Korea Zinc Co., Ltd. | 69856 |
| 2382 | Korean Air Lines Co., Ltd. | 38640 |
| 553 | Krafton Inc.\* | 147519 |
| 1607 | KT&G Corp. | 139387 |
| 176 | Kumho Petrochemical Co., Ltd. | 14722 |
| 539 | L&F Co., Ltd.\* | 22229 |
| 831 | LG Chem Ltd. | 111759 |
| 1418 | LG Corp. | 72884 |
| 5562 | LG Display Co., Ltd.\* | 34673 |
| 2009 | LG Electronics Inc. | 102741 |
| 682 | LG Energy Solution Ltd.\* | 140434 |
| 212 | LG H&H Co., Ltd. | 49995 |
| 180 | LG Innotek Co., Ltd. | 18811 |
| 3143 | LG Uplus Corp. | 29085 |
| 460 | Lotte Chemical Corp. | 19883 |
| 368 | Lotte Shopping Co., Ltd. | 21442 |
| 4930 | LS Corp. | 564562 |
| 344 | LS Electric Co., Ltd. | 62392 |
| 52477 | LX INTERNATIONAL Corp. | 1075085 |
| 1502 | Meritz Financial Group Inc. | 121462 |
| 4977 | Mirae Asset Securities Co., Ltd. | 56030 |
| 968 | Misto Holdings Corp. | 25261 |
| 2360 | NAVER Corp. | 319948 |
| 276 | NCSoft Corp. | 30470 |
| 451 | Netmarble Corp.<sup>(c)</sup> | 16619 |
| 2677 | NH Investment & Securities Co., Ltd. | 33409 |
| 66 | NongShim Co., Ltd. | 20258 |
| 276 | Orion Corp. | 22059 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **South Korea - (continued)** | **South Korea - (continued)** |  |
| 5618 | Pan Ocean Co., Ltd. | $15069 |
| 4941 | Park Systems Corp. | 872850 |
| 607 | Pearl Abyss Corp.\* | 16868 |
| 1105 | Posco DX Co., Ltd. | 17681 |
| 615 | POSCO Future M Co., Ltd.\* | 51584 |
| 1226 | POSCO Holdings Inc. | 222870 |
| 744 | Posco International Corp. | 26462 |
| 478 | S-1 Corp. | 22892 |
| 1731 | Samsung Biologics Co., Ltd.\*<sup>(c)</sup> | 1292693 |
| 1505 | Samsung C&T Corp. | 162652 |
| 188 | Samsung Card Co., Ltd. | 5883 |
| 131267 | Samsung E&A Co., Ltd. | 2066982 |
| 953 | Samsung Electro-Mechanics Co., Ltd. | 84321 |
| 13756 | Samsung Electronics Co., Ltd. | 459144 |
| 386244 | Samsung Electronics Co., Ltd. | 15717099 |
| 6561 | Samsung Fire & Marine Insurance Co., Ltd. | 1917194 |
| 11989 | Samsung Heavy Industries Co., Ltd.\* | 146087 |
| 1212 | Samsung Life Insurance Co., Ltd. | 86630 |
| 1017 | Samsung SDI Co., Ltd. | 123862 |
| 781 | Samsung SDS Co., Ltd. | 73515 |
| 12405 | Samsung Securities Co., Ltd. | 541379 |
| 8287 | Shinhan Financial Group Co., Ltd. | 346290 |
| 481 | SK Biopharmaceuticals Co., Ltd.\* | 32223 |
| 416 | SK Bioscience Co., Ltd.\* | 13538 |
| 43140 | SK Hynix Inc. | 6389626 |
| 390 | SK IE Technology Co., Ltd.\*<sup>(c)</sup> | 6043 |
| 481 | SK Inc. | 57005 |
| 1065 | SK Innovation Co., Ltd. | 69014 |
| 1723 | SK Square Co., Ltd.\* | 143255 |
| 389 | SKC Co., Ltd.\* | 24904 |
| 5935 | SM Entertainment Co., Ltd. | 551198 |
| 841 | S-Oil Corp. | 33005 |
| 11903 | Woori Financial Group Inc. | 166042 |
| 15928 | Youngone Corp. | 699928 |
| 99121 | Yuhan Corp. | 7449030 |
|  | Total South Korea | 67498547 |
| **Spain - 1.6%** | **Spain - 1.6%** |  |
| 396 | Acciona SA | 64009 |
| 3402 | ACS Actividades de Construccion y Servicios SA | 223982 |
| 1189 | Aena SME SA | 320404 |
| 86287 | Amadeus IT Group SA | 7180510 |
| 98857 | Banco Bilbao Vizcaya Argentaria SA | 1487648 |
| 859863 | Banco de Sabadell SA | 2747612 |
| 256502 | Banco Santander SA | 2055076 |
| 11722 | Bankinter SA | 151356 |
| 993304 | CaixaBank SA | 8471829 |
| 9816 | Cellnex Telecom SA<sup>(c)</sup> | 376666 |
| 796 | Corp. ACCIONA Energias Renovables SA | 17445 |
| 3430 | EDP Renovaveis SA | 34476 |
| 5882 | Endesa SA | 179757 |
| 4553 | Grifols SA\* | 49062 |
| 4065 | Grifols SA, Class B Shares\* | 33769 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Spain - (continued)** | **Spain - (continued)** |  |
| 103807 | Iberdrola SA | $1898987 |
| 26589 | Indra Sistemas SA<sup>(a)</sup> | 1095001 |
| 17741 | Industria de Diseno Textil SA | 961641 |
| 15945 | Logista Integral SA | 515534 |
| 13582 | Mapfre SA | 51562 |
| 6070 | Merlin Properties Socimi SA | 75159 |
| 2108 | Naturgy Energy Group SA | 62344 |
| 7552 | Redeia Corp. SA | 156331 |
| 19715 | Repsol SA | 265850 |
| 74591 | Telefonica SA<sup>(a)</sup> | 400365 |
| 282543 | Unicaja Banco SA | 623155 |
|  | Total Spain | 29499530 |
| **Sweden - 2.0%** | **Sweden - 2.0%** |  |
| 3110 | AAK AB | 86840 |
| 3335 | AddTech AB, Class B Shares | 115315 |
| 4709 | Alfa Laval AB | 200359 |
| 205263 | Assa Abloy AB, Class B Shares | 6510559 |
| 43230 | Atlas Copco AB, Class A Shares | 694488 |
| 25192 | Atlas Copco AB, Class B Shares | 359074 |
| 1634 | Axfood AB | 47699 |
| 6978 | Beijer Ref AB, Class B Shares | 103653 |
| 197364 | Boliden AB\* | 6178881 |
| 7642 | Castellum AB | 95000 |
| 896160 | Elekta AB, Class B Shares | 4751082 |
| 74098 | Epiroc AB, Class A Shares | 1658966 |
| 7392 | Epiroc AB, Class B Shares | 144660 |
| 12926 | EQT AB | 378669 |
| 196822 | Essity AB, Class B Shares | 5738465 |
| 2474 | Evolution AB<sup>(c)</sup> | 169857 |
| 9511 | Fastighets AB Balder, Class B Shares\* | 66736 |
| 3982 | Getinge AB, Class B Shares | 76884 |
| 9673 | H & M Hennes & Mauritz AB, Class B Shares | 138595 |
| 36483 | Hexagon AB, Class B Shares | 367857 |
| 1350 | Holmen AB, Class B Shares | 55941 |
| 2066 | Industrivarden AB, Class A Shares | 75290 |
| 2830 | Industrivarden AB, Class C Shares | 102813 |
| 4024 | Indutrade AB | 109716 |
| 2486 | Investment AB Latour, Class B Shares | 65960 |
| 8466 | Investor AB, Class A Shares | 250384 |
| 29611 | Investor AB, Class B Shares | 877059 |
| 1374 | L E Lundbergforetagen AB, Class B Shares | 70203 |
| 3524 | Lifco AB, Class B Shares | 144312 |
| 30876 | Nibe Industrier AB, Class B Shares | 126576 |
| 5390 | Saab AB, Class B Shares | 273023 |
| 3642 | Sagax AB, Class B Shares | 79832 |
| 963 | Sagax AB, Class D Shares | 3366 |
| 16966 | Sandvik AB | 373280 |
| 9126 | Securitas AB, Class B Shares | 135457 |
| 26250 | Skandinaviska Enskilda Banken AB, Class A Shares | 440503 |
| 134 | Skandinaviska Enskilda Banken AB, Class C Shares | 2304 |
| 5786 | Skanska AB, Class B Shares | 138318 |
| 5859 | SKF AB, Class B Shares | 129766 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Sweden - (continued)** | **Sweden - (continued)** |  |
| 2955 | Spotify Technology SA\* | $1965489 |
| 3358 | SSAB AB, Class A Shares | 20375 |
| 146733 | SSAB AB, Class B Shares<sup>(a)</sup> | 876823 |
| 109762 | Svenska Cellulosa AB SCA, Class B Shares | 1484989 |
| 24886 | Svenska Handelsbanken AB, Class A Shares | 333820 |
| 61 | Svenska Handelsbanken AB, Class B Shares | 1283 |
| 3604 | Sweco AB, Class B Shares | 62903 |
| 15172 | Swedbank AB, Class A Shares | 412689 |
| 3076 | Swedish Orphan Biovitrum AB\* | 94119 |
| 9594 | Tele2 AB, Class B Shares | 143850 |
| 47966 | Telefonaktiebolaget LM Ericsson, Class B Shares | 407865 |
| 43583 | Telia Co. AB | 168889 |
| 3639 | Trelleborg AB, Class B Shares | 133412 |
| 3348 | Volvo AB, Class A Shares | 93640 |
| 26477 | Volvo AB, Class B Shares | 739084 |
| 13221 | Volvo Car AB, Class B Shares\* | 23999 |
|  | Total Sweden | 38300971 |
| **Switzerland - 4.3%** | **Switzerland - 4.3%** |  |
| 27180 | ABB Ltd., Class Registered Shares | 1538443 |
| 2750 | Adecco Group AG, Class Registered Shares | 76937 |
| 39815 | Alcon AG | 3423101 |
| 1453 | Avolta AG | 78221 |
| 651 | Bachem Holding AG, Class B Shares | 41082 |
| 774 | Baloise Holding AG, Class Registered Shares | 184379 |
| 450 | Banque Cantonale Vaudoise, Class Registered Shares | 52212 |
| 64 | Barry Callebaut AG, Class Registered Shares | 65602 |
| 175 | Belimo Holding AG, Class Registered Shares | 169730 |
| 381 | BKW AG | 80294 |
| 88 | Chocoladefabriken Lindt & Spruengli AG | 1412043 |
| 2 | Chocoladefabriken Lindt & Spruengli AG, Class Registered Shares | 313363 |
| 3758 | Clariant AG, Class Registered Shares\* | 42402 |
| 3745 | Coca-Cola HBC AG\* | 195463 |
| 35816 | Compania Financiere Richemont SA, Class Registered Shares | 6776241 |
| 755 | DKSH Holding AG | 59196 |
| 3087 | DSM-Firmenich AG | 345287 |
| 30 | Emmi AG, Class Registered Shares | 30554 |
| 131 | EMS-Chemie Holding AG, Class Registered Shares | 99549 |
| 347 | Flughafen Zurich AG, Class Registered Shares | 96198 |
| 1789 | Galderma Group AG | 235751 |
| 4919 | Galenica AG | 509509 |
| 571 | Geberit AG, Class Registered Shares | 426761 |
| 1503 | Georg Fischer AG, Class Registered Shares | 120629 |
| 135 | Givaudan SA, Class Registered Shares | 679194 |
| 950570 | Glencore PLC\* | 3652941 |
| 631 | Helvetia Holding AG, Class Registered Shares | 149980 |
| 9380 | Holcim AG\* | 1043144 |
| 241710 | Julius Baer Group Ltd. | 15955298 |
| 876 | Kuehne + Nagel International AG, Class Registered Shares | 198019 |
| 2579 | Logitech International SA, Class Registered Shares | 214727 |
| 1188 | Lonza Group AG, Class Registered Shares | 825303 |
| 61352 | Nestle SA, Class Registered Shares | 6536974 |
| 23200 | Novartis AG, ADR | 2685632 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Switzerland - (continued)** | **Switzerland - (continued)** |  |
| 10551 | Novartis AG, Class Registered Shares | $1224496 |
| 2351 | Partners Group Holding AG | 3169702 |
| 673 | PSP Swiss Property AG, Class Registered Shares | 118421 |
| 520 | Roche Holding AG | 177887 |
| 27733 | Roche Holding AG | 8995498 |
| 74230 | Sandoz Group AG | 3785343 |
| 6335 | Schindler Holding AG | 2257087 |
| 357 | Schindler Holding AG, Class Registered Shares | 122669 |
| 2564 | SGS SA, Class Registered Shares | 268205 |
| 4817 | SIG Group AG\* | 98652 |
| 8232 | Sika AG, Class Registered Shares | 2201811 |
| 4809 | Sonova Holding AG, Class Registered Shares | 1514089 |
| 10816 | STMicroelectronics NV | 270904 |
| 1750 | Straumann Holding AG, Class Registered Shares | 225558 |
| 547 | Swatch Group AG | 92169 |
| 546 | Swatch Group AG, Class Registered Shares | 18907 |
| 475 | Swiss Life Holding AG, Class Registered Shares | 476258 |
| 1308 | Swiss Prime Site AG, Class Registered Shares | 185961 |
| 4927 | Swiss Re AG | 874335 |
| 428 | Swisscom AG, Class Registered Shares | 294375 |
| 1087 | Temenos AG, Class Registered Shares | 80689 |
| 171410 | UBS Group AG, Class Registered Shares | 5485942 |
| 431 | VAT Group AG<sup>(c)</sup> | 163962 |
| 2488 | Zurich Insurance Group AG | 1752937 |
|  | Total Switzerland | 82170016 |
| **Taiwan - 3.7%** | **Taiwan - 3.7%** |  |
| 36000 | Accton Technology Corp. | 882560 |
| 125000 | Arcadyan Technology Corp. | 886137 |
| 5668 | ASPEED Technology Inc. | 735548 |
| 109000 | Chicony Electronics Co., Ltd. | 609866 |
| 58286 | Chroma ATE Inc. | 645879 |
| 162349 | Delta Electronics Inc. | 2002633 |
| 152157 | E Ink Holdings Inc. | 1065501 |
| 10681 | eMemory Technology Inc. | 847391 |
| 60000 | International Games System Co., Ltd. | 1669318 |
| 55000 | L&K Engineering Co., Ltd. | 456297 |
| 113000 | Powertech Technology Inc. | 437422 |
| 163000 | Primax Electronics Ltd. | 422356 |
| 128000 | Sercomm Corp. | 412610 |
| 210000 | Simplo Technology Co., Ltd. | 2612778 |
| 188000 | T3EX Global Holdings Corp. | 498253 |
| 1359551 | Taiwan Semiconductor Manufacturing Co., Ltd. | 43294986 |
| 44784 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 8657643 |
| 162000 | Tripod Technology Corp. | 1147063 |
| 51000 | United Integrated Services Co., Ltd. | 940099 |
| 134000 | WNC Corp. | 545014 |
| 133000 | WT Microelectronics Co., Ltd. | 546231 |
|  | Total Taiwan | 69315585 |
| **Thailand - 0.1%** | **Thailand - 0.1%** |  |
| 1425300 | Regional Container Lines PCL<sup>(b)</sup> | 1139112 |
| 14753900 | Sansiri PCL<sup>(b)</sup> | 601925 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Thailand - (continued)** | **Thailand - (continued)** |  |
| 142400 | Thai Beverage PCL | $51902 |
|  | Total Thailand | 1792939 |
| **Turkey - 0.1%** |  |  |
| 114662 | Dogus Otomotiv Servis ve Ticaret AS | 508972 |
| 479313 | Mavi Giyim Sanayi Ve Ticaret AS, Class B Shares | 374733 |
| 261427 | Torunlar Gayrimenkul Yatirim Ortakligi AS | 412783 |
|  | Total Turkey | 1296488 |
| **United Arab Emirates - 0.0%** | **United Arab Emirates - 0.0%** |  |
| 2030605 | Talabat Holding PLC | 796010 |
| **United Kingdom - 10.6%** | **United Kingdom - 10.6%** |  |
| 15843 | 3i Group PLC | 872123 |
| 5046 | Admiral Group PLC | 228088 |
| 15546 | Airtel Africa PLC<sup>(c)</sup> | 37000 |
| 21060 | Anglo American PLC | 628500 |
| 7270 | Ashtead Group PLC | 426072 |
| 5342 | Associated British Foods PLC | 150230 |
| 25693 | AstraZeneca PLC | 3735242 |
| 69046 | AstraZeneca PLC, ADR | 5028620 |
| 15789 | Auto Trader Group PLC<sup>(c)</sup> | 169356 |
| 47474 | Aviva PLC | 392064 |
| 17600 | B&M European Value Retail SA | 81102 |
| 51377 | BAE Systems PLC | 1313746 |
| 99037 | Balfour Beatty PLC | 667175 |
| 246248 | Barclays PLC | 1092600 |
| 26193 | Barratt Redrow PLC | 163085 |
| 9913 | Beazley PLC | 126491 |
| 1771 | Berkeley Group Holdings PLC | 100721 |
| 272772 | BP PLC | 1325170 |
| 311873 | Bridgepoint Group PLC | 1225343 |
| 34024 | British American Tobacco PLC | 1530739 |
| 14378 | British Land Co. PLC | 75891 |
| 104269 | BT Group PLC | 252636 |
| 5679 | Bunzl PLC | 181951 |
| 6390 | Burberry Group PLC | 89180 |
| 4534225 | Centrica PLC | 9696587 |
| 3623 | Coca-Cola Europacific Partners PLC | 333026 |
| 28995 | Compass Group PLC | 1020531 |
| 14226 | Computacenter PLC | 501009 |
| 29757 | ConvaTec Group PLC<sup>(c)</sup> | 116520 |
| 19477 | Croda International PLC | 807358 |
| 560313 | Currys PLC\* | 920469 |
| 171870 | Diageo PLC | 4679843 |
| 2036 | Diploma PLC | 128975 |
| 123661 | Drax Group PLC | 1103591 |
| 264169 | easyJet PLC | 2057093 |
| 3801 | Endeavour Mining PLC | 115604 |
| 11438 | Entain PLC | 115751 |
| 68721 | GSK PLC | 1399825 |
| 1314719 | Haleon PLC | 7334308 |
| 6693 | Halma PLC | 262176 |
| 2836 | Hikma Pharmaceuticals PLC | 81997 |
| 9170 | Howden Joinery Group PLC | 106356 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **United Kingdom - (continued)** | **United Kingdom - (continued)** |  |
| 306731 | HSBC Holdings PLC | $3622611 |
| 172304 | IMI PLC | 4633611 |
| 14259 | Imperial Brands PLC | 539543 |
| 57717 | Inchcape PLC | 530408 |
| 23888 | Informa PLC | 253822 |
| 2763 | InterContinental Hotels Group PLC | 316852 |
| 4512 | Intermediate Capital Group PLC | 122586 |
| 39283 | International Consolidated Airlines Group SA | 173405 |
| 20730 | Intertek Group PLC | 1341982 |
| 33584 | J Sainsbury PLC | 129145 |
| 53879 | JD Sports Fashion PLC | 61047 |
| 92060 | JET2 PLC | 2314602 |
| 51550 | Keller Group PLC | 1071311 |
| 29774 | Kingfisher PLC | 111401 |
| 13397 | Land Securities Group PLC | 114614 |
| 2118654 | Legal & General Group PLC | 7102947 |
| 4109767 | Lloyds Banking Group PLC | 4290913 |
| 50944 | London Stock Exchange Group PLC | 7741532 |
| 2251335 | LondonMetric Property PLC | 6119585 |
| 2592704 | M&G PLC | 8302772 |
| 32689 | Marks & Spencer Group PLC | 164613 |
| 23451 | Melrose Industries PLC | 148709 |
| 448870 | Mondi PLC | 7294272 |
| 82852 | National Grid PLC | 1172529 |
| 1485103 | NatWest Group PLC | 10537169 |
| 1979 | Next PLC | 343274 |
| 309651 | Patisserie Holdings PLC\*<sup>(b)</sup><sup>(e)</sup> | 4172 |
| 10518 | Pearson PLC | 165247 |
| 446900 | Persimmon PLC | 8029149 |
| 13431 | Phoenix Group Holdings PLC | 115093 |
| 38376 | Reckitt Benckiser Group PLC | 2608513 |
| 88836 | RELX PLC | 4790467 |
| 40528 | Rentokil Initial PLC | 192413 |
| 11905 | Rightmove PLC | 119570 |
| 18312 | Rio Tinto PLC | 1090511 |
| 146059 | Rolls-Royce Holdings PLC | 1713126 |
| 7646 | RS GROUP PLC | 58697 |
| 17348 | Sage Group PLC | 285040 |
| 14955 | Schroders PLC | 71866 |
| 251000 | Segro PLC | 2365126 |
| 4646 | Severn Trent PLC | 169621 |
| 104218 | Shell PLC | 3432917 |
| 797535 | Smith & Nephew PLC | 11579091 |
| 5369 | Smiths Group PLC | 156397 |
| 185663 | Spectris PLC | 5015700 |
| 14541 | Spirax Group PLC | 1123632 |
| 18283 | SSE PLC | 434691 |
| 604285 | St James's Place PLC | 9121355 |
| 843240 | Standard Chartered PLC | 13211232 |
| 66866 | Taylor Wimpey PLC | 107743 |
| 114490 | Tesco PLC | 598908 |
| 36786 | Unilever PLC | 2332215 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **United Kingdom - (continued)** | **United Kingdom - (continued)** |  |
| 41806 | Unilever PLC | $2662800 |
| 5655 | UNITE Group PLC | 65651 |
| 12079 | United Utilities Group PLC | 191040 |
| 338762 | Vodafone Group PLC | 351977 |
| 4713 | Weir Group PLC | 154660 |
| 3238 | Whitbread PLC | 126470 |
| 9962 | Willis Towers Watson PLC | 3153471 |
| 13400 | Wise PLC, Class A Shares\* | 199119 |
| 643421 | WPP PLC | 5196077 |
| 12330 | YuLife Holdings Ltd., Private Placement, Class C Shares<sup>\*@(b)(e)</sup> | 151520 |
| 187209 | Zigup PLC | 877792 |
|  | Total United Kingdom | 201252468 |
| **United States - 1.7%** | **United States - 1.7%** |  |
| 29291 | Agilent Technologies Inc. | 3278249 |
| 8117 | BeOne Medicines Ltd., ADR\* | 1993373 |
| 6857 | Brookfield Asset Management Ltd., Class A Shares | 385783 |
| 8736 | Bruker Corp. | 320611 |
| 4984 | Cadence Design Systems Inc.\* | 1430757 |
| 572 | Canva Inc., Private Placement<sup>\*@(b)(e)</sup> | 822387 |
| 122760 | Codere Online Luxembourg SA Private Shares\*<sup>(b)</sup> | 888782 |
| 132783 | Coupang Inc., Class A Shares\* | 3724563 |
| 35226 | CRH PLC | 3211202 |
| 5678 | Estee Lauder Cos., Inc., Class A Shares | 380085 |
| 13870 | GQG Partners Inc. | 18771 |
| 152719 | Kenvue Inc. | 3645403 |
| 2347 | Mastercard Inc., Class A Shares | 1374403 |
| 2122 | MSCI Inc., Class A Shares | 1196851 |
| 3320 | S&P Global Inc. | 1702695 |
| 20700 | Samsonite Group SA<sup>(c)</sup> | 38709 |
| 161012 | Sensata Technologies Holding PLC | 4195973 |
| 183134 | Silvaco Group Inc.\*<sup>(a)</sup> | 847910 |
| 5582 | Waters Corp.\* | 1949458 |
|  | Total United States | 31405965 |
| **Uruguay - 0.5%** | **Uruguay - 0.5%** |  |
| 3870 | MercadoLibre Inc.\* | 9919932 |
| **Vietnam - 0.1%** | **Vietnam - 0.1%** |  |
| 961860 | Asia Commercial Bank JSC | 780210 |
| 170900 | FPT Corp. | 765495 |
|  | Total Vietnam | 1545705 |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $1,334,550,987) | **1756858377** |
| **EXCHANGE TRADED FUNDS (ETFs) - 3.6%** | **EXCHANGE TRADED FUNDS (ETFs) - 3.6%** |  |
| **United States - 3.6%** | **United States - 3.6%** |  |
| 499217 | iShares Core MSCI Emerging Markets | 28300612 |
| 449684 | iShares MSCI EAFE Value | 28617890 |
| 26389 | Vanguard FTSE All World ex-US Small-Capital | 3369611 |
| 137162 | Vanguard FTSE Developed Markets | 7623464 |
|  | Total United States | 67911577 |
|  | **TOTAL EXCHANGE TRADED FUNDS (ETFs)<br> (Cost - $59,291,104)** | **67911577** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **PREFERRED STOCKS - 0.4%** | **PREFERRED STOCKS - 0.4%** | **PREFERRED STOCKS - 0.4%** |
| **Germany - 0.4%** | **Germany - 0.4%** | **Germany - 0.4%** |
| 149408 | Dr Ing hc F Porsche AG<sup>(c)</sup> | $7205524 |
| **United States - 0.0%** | **United States - 0.0%** |  |
| 31 | Canva Inc., Series A, Private Placement<sup>\*@(b)(e)</sup> | 44570 |
| 1 | Canva Inc., Series A-3, Private Placement<sup>\*@(b)(e)</sup> | 1438 |
|  | Total United States | 46008 |
|  | **TOTAL PREFERRED STOCKS**<br> (Cost - $9,697,929) | **7251532** |
| **RIGHT - 0.0%** | **RIGHT - 0.0%** |  |
| **South Korea - 0.0%** | **South Korea - 0.0%** |  |
| 37 | Hanwha Aerospace Co., Ltd.\*<sup>(b)</sup><br> (Cost - $0) | 3401 |
| **WARRANTS - 0.0%** | **WARRANTS - 0.0%** |  |
| **Canada - 0.0%** | **Canada - 0.0%** |  |
| 2323 | Constellation Software Inc.\*<sup>(e)</sup> | – |
| **United States - 0.0%** | **United States - 0.0%** |  |
| 915 | Codere Online Luxembourg SA\* | 531 |
|  | **TOTAL WARRANTS**<br> (Cost - $0) | **531** |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $1,403,540,020) | **1832025418** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Face Amount†** | **** |  |  |
| **SHORT-TERM INVESTMENTS - 2.5%** | **SHORT-TERM INVESTMENTS - 2.5%** | **SHORT-TERM INVESTMENTS - 2.5%** |  |
| **TIME DEPOSITS - 2.3%** | **TIME DEPOSITS - 2.3%** | **TIME DEPOSITS - 2.3%** |  |
| 216457 | <sup>AUD</sup> | ANZ National Bank - Hong Kong, 2.570% due 6/2/25 | 139539 |
| 199 | | ANZ National Bank - London, 3.680% due 6/2/25 | 199 |
|  | | Brown Brothers Harriman - Grand Cayman: |  |
| 543624 | <sup>DKK</sup> | &nbsp;&nbsp;0.730% due 6/2/25 | 82750 |
| 2460264 | <sup>SEK</sup> | &nbsp;&nbsp;1.070% due 6/2/25 | 256637 |
| 1479244 | <sup>NOK</sup> | &nbsp;&nbsp;3.230% due 6/2/25 | 144941 |
| 28463 | <sup>ZAR</sup> | &nbsp;&nbsp;5.450% due 6/2/25 | 1583 |
| 14507 | <sup>NZD</sup> | &nbsp;&nbsp;2.000% due 6/3/25 | 8669 |
|  | | Citibank - London: |  |
| 3651031 | <sup>EUR</sup> | &nbsp;&nbsp;1.080% due 6/2/25 | 4145746 |
| 724908 | <sup>GBP</sup> | &nbsp;&nbsp;3.170% due 6/2/25 | 976778 |
| 534 | | Citibank - New York, 3.680% due 6/2/25 | 534 |
| 2217424 | <sup>HKD</sup> | Hong Kong & Shanghai Bank - Hong Kong, 0.000% due 6/2/25 | 282797 |
| 152362 | <sup>SGD</sup> | Hong Kong & Shanghai Bank - Singapore, 0.640% due 6/2/25 | 118142 |
| 1101388 | | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 1101388 |
|  | | Royal Bank of Canada - Toronto: |  |
| 650675 | <sup>CAD</sup> | &nbsp;&nbsp;1.570% due 6/2/25 | 474132 |
| 14680414 | | &nbsp;&nbsp;3.680% due 6/2/25 | 14680414 |
|  | | Skandinaviska Enskilda Banken AB - Stockholm: |  |
| 523707 | <sup>CHF</sup> | &nbsp;&nbsp;0.000% due 6/2/25 | 636493 |
| 19264988 | | &nbsp;&nbsp;3.680% due 6/2/25 | 19264988 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face Amount†** | | **Security** | **Value** |
| **SHORT-TERM INVESTMENTS - (continued)** | **SHORT-TERM INVESTMENTS - (continued)** | **SHORT-TERM INVESTMENTS - (continued)** | **SHORT-TERM INVESTMENTS - (continued)** |
| **TIME DEPOSITS - (continued)** | **TIME DEPOSITS - (continued)** | **TIME DEPOSITS - (continued)** |  |
|  |  | Sumitomo Mitsui Banking Corp. - Tokyo: |  |
| 91070654 | <sup>JPY</sup> | &nbsp;&nbsp;0.120% due 6/2/25 | $632897 |
| 201777 |  | &nbsp;&nbsp;3.680% due 6/2/25 | 201777 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $43,150,404) | **43150404** |
| **U.S. GOVERNMENT AGENCY - 0.2%** | **U.S. GOVERNMENT AGENCY - 0.2%** | **U.S. GOVERNMENT AGENCY - 0.2%** |  |
| 3840000 |  | Federal Home Loan Bank Discount Notes, 4.121% due 6/2/25<sup>(f)</sup> |  |
|  |  | (Cost - $3,840,000) | 3840000 |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $46,990,404) | **46990404** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  |  |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.6%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.6%** |  |
| **MONEY MARKET FUND - 0.6%** | **MONEY MARKET FUND - 0.6%** |  |
| 11358627 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(g)</sup><br> (Cost - $11,358,627) | 11358627 |
|  | **TOTAL INVESTMENTS - 100.1%**<br> (Cost - $1,461,889,051) | **1890374449** |
|  | Liabilities in Excess of Other Assets - (0.1)% | (995352) |
|  | **TOTAL NET ASSETS - 100.0%** | $**1889379097** |

---

† Face
 amount denominated in U.S. dollars, unless otherwise noted. \* Non-income producing security.

<sup>(a)</sup> All or a portion of this security is on loan.

<sup>(b)</sup> Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $10,406,898 and represents 0.55% of net assets.

<sup>(c)</sup> Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025, amounts to $44,457,199 and represents 2.35% of net assets.

<sup>(d)</sup> Security trades on the Hong Kong exchange.

<sup>(e)</sup> Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.

<sup>(f)</sup> Rate shown represents yield-to-maturity.

<sup>(g)</sup> Represents investment of collateral received from securities lending transactions.

<sup>@</sup> Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security** | **First <br> Acquisition <br> Date** | **First <br> Acquisition <br> Cost** | **Market<br> Value** | **Percent of<br> Net Assets** |  |
| Canva Inc., Private Placement | 8/16/2021 | $397070 | $822387 | 0.04 | % |
| Canva Inc., Series A, Private Placement | 11/4/2021 | 52848 | 44570 | 0.00 | %\* |
| Canva Inc., Series A-3, Private Placement | 11/4/2021 | 1705 | 1438 | 0.00 | %\* |
| Novatek PJSC, Class Registered Shares, GDR | 3/19/2020 | 251081 | 88 | 0.00 | %\* |
| Novatek PJSC, GDR | 4/25/2022 | 52881 | 24 | 0.00 | %\* |
| Sberbank of Russia PJSC | 4/6/2017 | 557253 | 731 | 0.00 | %\* |
| Tongcheng Travel Holdings Ltd. | 3/28/2025 | 118294 | 1228388 | 0.07 | % |
| YuLife Holdings Ltd., Private Placement, Class C Shares | 10/11/2022 | 243652 | 151520 | 0.01 | % |
|  |  |  | $**2249146** | **0.12** | **%** |

---

\* Position represents less than 0.005%

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (continued)**

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| ADR | **—** | American Depositary Receipts |
| GDR | **—** | Global Depositary Receipts |
| PCL | **—** | Public Company Limited |
| PLC | **—** | Public Limited Company |
| REIT | **—** | Real Estate Investment Trust |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Sector^** | |
| Financial | 22.5% |
| Industrial | 17.1 |
| Consumer Non-cyclical | 15.7 |
| Technology | 9.9 |
| Consumer Cyclical | 8.9 |
| Basic Materials | 6.0 |
| Communications | 5.8 |
| Energy | 4.0 |
| Utilities | 3.1 |
| Diversified | 0.3 |
| Exchange Traded Funds (ETFs) | 3.6 |
| Short-Term Investments | 2.5 |
| Money Market Fund | 0.6 |
|  | 100.0% |

---

^ As a percentage of total investments.

---

| |
|:---|
| At May 31, 2025, Destinations International Equity Fund had open exchange traded futures contracts as described below. |
| The unrealized appreciation on the open contracts was as follows: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br> Contracts** | **Expiration<br> Date (Month/Year)** | **Notional<br> Amounts** | **Market Value** | **Unrealized<br> Appreciation** |
| **Contracts to Buy:** |  |  |  |  |  |
| MSCI EAFE Index June Futures | 39 | 6/25 | $4755565 | $5078775 | $323210 |

---

At May 31, 2025, Destinations International Equity Fund had deposited cash of $9,292 with a broker or brokers as margin collateral on open exchange traded futures contracts.

**Schedule of Options Contracts Written**

**Equity Options**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of<br> Contracts** | **Notional<br> Amount** | **Security Name** | **Counterparty** | **Expiration<br> Date** | **Exercise<br> Rate** | **Value** |
| 67 | $123682 | KE Holdings Inc., Call | MSC | 6/20/25 | $27.00 | $(2010) |
| 67 | 123682 | KE Holdings Inc., Call | MSC | 6/20/25 | 28.00 | (335) |
| 14 | 433510 | Thales SA, Call | GSC | 8/15/25 | 290.00 | (13242) |
|  |  | **TOTAL OPTIONS CONTRACTS WRITTEN<br> (Premiums received — $40,579)** |  |  |  | $**(15587)** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations International Equity Fund (concluded)**

**OTC Total Return Swaps**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Currency** | **Notional <br> Amount** | **Maturity<br> Date** | **Counterparty** | **Payment<br> Frequency** | **Pay** | **Receive** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| USD | 3295847 | 3/20/2026 | MSCS | 3 Months | 1-Month FED + 0.75% | Samsung Electronics Co., Ltd. | $(996776) |
| USD | 4719504 | 4/1/2026 | MSCS | 3 Months | 1-Month FED + 0.75% | Samsung Electronics Co., Ltd. | (1668775) |
| USD | 5389627 | 11/10/2025 | MSCS | 3 Months | 1-Month FED + 0.40% | Investcorp Capital PLC | (1465463) |
| USD | 351289 | 6/8/2026 | MSCS | 3 Months | 1-Month FED + 0.40% | Alef Education Holding PLC | (94990) |
|  |  |  |  |  |  |  | $**(4226004)** |

---

---

| | | |
|:---|:---|:---|
| Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: |
| AUD | **—** | Australian Dollar |
| CAD | **—** | Canadian Dollar |
| CHF | **—** | Swiss Franc |
| DKK | **—** | Danish Krone |
| EUR | **—** | Euro |
| GBP | **—** | British Pound |
| HKD | **—** | Hong Kong Dollar |
| JPY | **—** | Japanese Yen |
| NOK | **—** | Norwegian Krone |
| NZD | **—** | New Zealand Dollar |
| SEK | **—** | Swedish Krona |
| SGD | **—** | Singapore Dollar |
| ZAR | **—** | South African Rand |

---

---

| | | |
|:---|:---|:---|
| Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: |
| GSC | **—** | Goldman Sachs & Co. |
| MSC | **—** | Morgan Stanley |
| MSCS | **—** | Morgan Stanley Capital Services LLC |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - 26.8%** | **MORTGAGE-BACKED SECURITIES - 26.8%** |  |
| **FHLMC - 6.5%** | **FHLMC - 6.5%** |  |
|  | Federal Home Loan Mortgage Corp. (FHLMC)., Gold: |  |
| $151924 | &nbsp;&nbsp;&nbsp;2.000% due 6/1/36 | $138146 |
| 79216 | &nbsp;&nbsp;&nbsp;2.000% due 12/1/40 | 67150 |
| 509631 | &nbsp;&nbsp;&nbsp;2.000% due 5/1/41 | 430556 |
| 601118 | &nbsp;&nbsp;&nbsp;2.000% due 12/1/41 | 505406 |
| 255807 | &nbsp;&nbsp;&nbsp;2.000% due 9/1/50 | 201602 |
| 453419 | &nbsp;&nbsp;&nbsp;2.000% due 10/1/50 | 355739 |
| 6750096 | &nbsp;&nbsp;&nbsp;2.000% due 3/1/51 | 5281794 |
| 1118658 | &nbsp;&nbsp;&nbsp;2.000% due 4/1/51 | 874759 |
| 436182 | &nbsp;&nbsp;&nbsp;2.000% due 5/1/51 | 344896 |
| 171763 | &nbsp;&nbsp;&nbsp;2.000% due 8/1/51 | 134718 |
| 172760 | &nbsp;&nbsp;&nbsp;2.000% due 11/1/51 | 135992 |
| 682750 | &nbsp;&nbsp;&nbsp;2.000% due 4/1/52 | 538725 |
| 259493 | &nbsp;&nbsp;&nbsp;2.500% due 5/1/50 | 214932 |
| 298209 | &nbsp;&nbsp;&nbsp;2.500% due 6/1/50 | 247061 |
| 1690488 | &nbsp;&nbsp;&nbsp;2.500% due 7/1/50 | 1398705 |
| 453606 | &nbsp;&nbsp;&nbsp;2.500% due 9/1/50 | 376037 |
| 65058 | &nbsp;&nbsp;&nbsp;2.500% due 10/1/50 | 54203 |
| 520004 | &nbsp;&nbsp;&nbsp;2.500% due 11/1/50 | 428527 |
| 158571 | &nbsp;&nbsp;&nbsp;2.500% due 2/1/51 | 131885 |
| 402474 | &nbsp;&nbsp;&nbsp;2.500% due 3/1/51 | 329885 |
| 188758 | &nbsp;&nbsp;&nbsp;2.500% due 5/1/51 | 155587 |
| 258551 | &nbsp;&nbsp;&nbsp;2.500% due 7/1/51 | 213024 |
| 287712 | &nbsp;&nbsp;&nbsp;2.500% due 10/1/51 | 236838 |
| 5411485 | &nbsp;&nbsp;&nbsp;2.500% due 12/1/51 | 4427163 |
| 6973403 | &nbsp;&nbsp;&nbsp;2.500% due 1/1/52 | 5759531 |
| 812489 | &nbsp;&nbsp;&nbsp;2.500% due 4/1/52 | 666444 |
| 520156 | &nbsp;&nbsp;&nbsp;3.000% due 2/1/33 | 500208 |
| 280166 | &nbsp;&nbsp;&nbsp;3.000% due 5/1/33 | 270616 |
| 226655 | &nbsp;&nbsp;&nbsp;3.000% due 3/1/35 | 215010 |
| 398913 | &nbsp;&nbsp;&nbsp;3.000% due 5/1/35 | 377922 |
| 3578597 | &nbsp;&nbsp;&nbsp;3.000% due 3/1/42 | 3202950 |
| 104313 | &nbsp;&nbsp;&nbsp;3.000% due 1/1/47 | 91072 |
| 209805 | &nbsp;&nbsp;&nbsp;3.000% due 2/1/47 | 183174 |
| 4871669 | &nbsp;&nbsp;&nbsp;3.000% due 4/1/50 | 4038699 |
| 181087 | &nbsp;&nbsp;&nbsp;3.000% due 7/1/50 | 155701 |
| 692744 | &nbsp;&nbsp;&nbsp;3.000% due 8/1/51 | 595330 |
| 446637 | &nbsp;&nbsp;&nbsp;3.000% due 9/1/51 | 384498 |
| 539088 | &nbsp;&nbsp;&nbsp;3.000% due 10/1/51 | 465058 |
| 6726043 | &nbsp;&nbsp;&nbsp;3.000% due 1/1/52 | 5806548 |
| 7197865 | &nbsp;&nbsp;&nbsp;3.000% due 5/1/52 | 6209211 |
| 6188869 | &nbsp;&nbsp;&nbsp;3.000% due 6/1/52 | 5279737 |
| 3607223 | &nbsp;&nbsp;&nbsp;3.030% due 1/1/50 | 2844646 |
| 701768 | &nbsp;&nbsp;&nbsp;3.500% due 8/1/43 | 646857 |
| 305391 | &nbsp;&nbsp;&nbsp;3.500% due 1/1/48 | 276982 |
| 324648 | &nbsp;&nbsp;&nbsp;3.500% due 4/1/50 | 292961 |
| 2745260 | &nbsp;&nbsp;&nbsp;3.500% due 8/1/52 | 2462314 |
| 564877 | &nbsp;&nbsp;&nbsp;4.000% due 10/1/44 | 529497 |
| 36900 | &nbsp;&nbsp;&nbsp;4.000% due 4/1/47 | 34878 |
| 716695 | &nbsp;&nbsp;&nbsp;4.000% due 12/1/47 | 668769 |
| 5164372 | &nbsp;&nbsp;&nbsp;4.000% due 3/1/49 | 4817627 |
| 627542 | &nbsp;&nbsp;&nbsp;4.000% due 4/1/49 | 583647 |
| 136206 | &nbsp;&nbsp;&nbsp;4.000% due 5/1/49 | 127509 |
| 454379 | &nbsp;&nbsp;&nbsp;4.000% due 7/1/49 | 426604 |
| 6492113 | &nbsp;&nbsp;&nbsp;4.000% due 2/1/51 | 6056972 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** |  |
| **FHLMC - (continued)** | **FHLMC - (continued)** | **FHLMC - (continued)** |  |
| $| 1296521 | &nbsp;&nbsp;&nbsp;4.000% due 8/1/51 | $1208339 |
|  | 259753 | &nbsp;&nbsp;&nbsp;4.500% due 5/1/48 | 248207 |
|  | 157925 | &nbsp;&nbsp;&nbsp;5.000% due 8/1/52 | 153467 |
|  | 746172 | &nbsp;&nbsp;&nbsp;5.000% due 10/1/52 | 723962 |
|  | 758652 | &nbsp;&nbsp;&nbsp;5.000% due 1/1/53 | 736429 |
|  | 278111 | &nbsp;&nbsp;&nbsp;5.000% due 4/1/53 | 271115 |
|  | 3197790 | &nbsp;&nbsp;&nbsp;5.000% due 6/1/53 | 3135662 |
|  | 3860700 | &nbsp;&nbsp;&nbsp;5.000% due 3/1/54 | 3771741 |
|  | 839142 | &nbsp;&nbsp;&nbsp;5.500% due 12/1/37 | 851914 |
|  | 574733 | &nbsp;&nbsp;&nbsp;5.500% due 2/1/53 | 571652 |
|  | 6245354 | &nbsp;&nbsp;&nbsp;5.500% due 5/1/53 | 6192713 |
|  | 3233864 | &nbsp;&nbsp;&nbsp;5.500% due 9/1/53 | 3236209 |
|  | 325917 | &nbsp;&nbsp;&nbsp;6.000% due 11/1/52 | 330044 |
|  | 378533 | &nbsp;&nbsp;&nbsp;6.000% due 12/1/52 | 383915 |
|  | 156547 | &nbsp;&nbsp;&nbsp;6.000% due 3/1/53 | 159518 |
|  | 3352098 | &nbsp;&nbsp;&nbsp;6.000% due 8/1/53 | 3405537 |
|  | 3002407 | &nbsp;&nbsp;&nbsp;6.000% due 4/1/54 | 3066287 |
|  | 1297729 | &nbsp;&nbsp;&nbsp;6.000% due 6/1/54 | 1314801 |
|  | 1237847 | &nbsp;&nbsp;&nbsp;6.000% due 8/1/54 | 1252711 |
|  |  | **TOTAL FHLMC** | **102208525** |
| **FNMA - 17.8%** | **FNMA - 17.8%** | **FNMA - 17.8%** |  |
|  |  | Federal National Mortgage Association (FNMA): |  |
|  | 982666 | &nbsp;&nbsp;&nbsp;1.500% due 9/1/51 | 725787 |
|  | 231220 | &nbsp;&nbsp;&nbsp;1.500% due 10/1/51 | 170489 |
|  | 141242 | &nbsp;&nbsp;&nbsp;1.500% due 11/1/51 | 104142 |
|  | 797740 | &nbsp;&nbsp;&nbsp;1.500% due 4/1/52 | 588210 |
|  | 209134 | &nbsp;&nbsp;&nbsp;2.000% due 5/1/36 | 189016 |
|  | 436826 | &nbsp;&nbsp;&nbsp;2.000% due 8/1/36 | 395258 |
|  | 281142 | &nbsp;&nbsp;&nbsp;2.000% due 9/1/36 | 256498 |
|  | 304709 | &nbsp;&nbsp;&nbsp;2.000% due 9/1/40 | 268081 |
|  | 752316 | &nbsp;&nbsp;&nbsp;2.000% due 12/1/40 | 640985 |
|  | 346017 | &nbsp;&nbsp;&nbsp;2.000% due 4/1/41 | 292474 |
|  | 104414 | &nbsp;&nbsp;&nbsp;2.000% due 5/1/41 | 88258 |
|  | 435956 | &nbsp;&nbsp;&nbsp;2.000% due 10/1/41 | 367222 |
|  | 13402067 | &nbsp;&nbsp;&nbsp;2.000% due 6/1/50 | 10527001 |
|  | 10104008 | &nbsp;&nbsp;&nbsp;2.000% due 8/1/50 | 7916792 |
|  | 1139708 | &nbsp;&nbsp;&nbsp;2.000% due 9/1/50 | 898206 |
|  | 753338 | &nbsp;&nbsp;&nbsp;2.000% due 12/1/50 | 592306 |
|  | 3475710 | &nbsp;&nbsp;&nbsp;2.000% due 2/1/51 | 2734343 |
|  | 5358579 | &nbsp;&nbsp;&nbsp;2.000% due 3/1/51 | 4188553 |
|  | 2720085 | &nbsp;&nbsp;&nbsp;2.000% due 4/1/51 | 2125924 |
|  | 12602336 | &nbsp;&nbsp;&nbsp;2.000% due 5/1/51 | 9888821 |
|  | 131385 | &nbsp;&nbsp;&nbsp;2.000% due 7/1/51 | 102881 |
|  | 225065 | &nbsp;&nbsp;&nbsp;2.250% due 4/1/33 | 192052 |
|  | 57340 | &nbsp;&nbsp;&nbsp;2.500% due 6/1/30 | 55393 |
|  | 5404234 | &nbsp;&nbsp;&nbsp;2.500% due 2/1/47 | 4539762 |
|  | 281598 | &nbsp;&nbsp;&nbsp;2.500% due 4/1/50 | 232512 |
|  | 275112 | &nbsp;&nbsp;&nbsp;2.500% due 6/1/50 | 227130 |
|  | 280162 | &nbsp;&nbsp;&nbsp;2.500% due 7/1/50 | 231639 |
|  | 471498 | &nbsp;&nbsp;&nbsp;2.500% due 9/1/50 | 388292 |
|  | 4628598 | &nbsp;&nbsp;&nbsp;2.500% due 10/1/50 | 3838692 |
|  | 8973428 | &nbsp;&nbsp;&nbsp;2.500% due 11/1/50 | 7360779 |
|  | 272045 | &nbsp;&nbsp;&nbsp;2.500% due 1/1/51 | 224856 |
|  | 976424 | &nbsp;&nbsp;&nbsp;2.500% due 2/1/51 | 802172 |
|  | 4635211 | &nbsp;&nbsp;&nbsp;2.500% due 5/1/51 | 3827878 |
|  | 387524 | &nbsp;&nbsp;&nbsp;2.500% due 7/1/51 | 319426 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** |  |
| **FNMA - (continued)** | **FNMA - (continued)** |  |
| $9705698 | &nbsp;&nbsp;&nbsp;2.500% due 8/1/51 | $7946460 |
| 240545 | &nbsp;&nbsp;&nbsp;2.500% due 9/1/51 | 197808 |
| 7360274 | &nbsp;&nbsp;&nbsp;2.500% due 10/1/51 | 6026281 |
| 7209129 | &nbsp;&nbsp;&nbsp;2.500% due 11/1/51 | 5911841 |
| 5960218 | &nbsp;&nbsp;&nbsp;2.500% due 12/1/51 | 4875381 |
| 437780 | &nbsp;&nbsp;&nbsp;2.500% due 1/1/52 | 360986 |
| 298228 | &nbsp;&nbsp;&nbsp;2.500% due 3/1/52 | 245243 |
| 19000 | &nbsp;&nbsp;&nbsp;2.500% due 6/1/55<sup>(a)</sup> | 15472 |
| 599082 | &nbsp;&nbsp;&nbsp;2.500% due 1/1/57 | 488313 |
| 220023 | &nbsp;&nbsp;&nbsp;3.000% due 2/1/30 | 214618 |
| 137871 | &nbsp;&nbsp;&nbsp;3.000% due 10/1/30 | 134096 |
| 322400 | &nbsp;&nbsp;&nbsp;3.000% due 1/1/31 | 313532 |
| 820421 | &nbsp;&nbsp;&nbsp;3.000% due 11/1/36 | 770071 |
| 3069059 | &nbsp;&nbsp;&nbsp;3.000% due 3/1/43 | 2730552 |
| 5542940 | &nbsp;&nbsp;&nbsp;3.000% due 6/1/43 | 4928117 |
| 102034 | &nbsp;&nbsp;&nbsp;3.000% due 11/1/48 | 88500 |
| 3597560 | &nbsp;&nbsp;&nbsp;3.000% due 11/1/49 | 3095513 |
| 47677 | &nbsp;&nbsp;&nbsp;3.000% due 12/1/49 | 41024 |
| 192792 | &nbsp;&nbsp;&nbsp;3.000% due 2/1/50 | 167582 |
| 778239 | &nbsp;&nbsp;&nbsp;3.000% due 8/1/50 | 667593 |
| 330940 | &nbsp;&nbsp;&nbsp;3.000% due 10/1/50 | 282660 |
| 2138672 | &nbsp;&nbsp;&nbsp;3.000% due 11/1/50 | 1866517 |
| 457841 | &nbsp;&nbsp;&nbsp;3.000% due 12/1/50 | 391120 |
| 366954 | &nbsp;&nbsp;&nbsp;3.000% due 5/1/51 | 320610 |
| 83873 | &nbsp;&nbsp;&nbsp;3.000% due 6/1/51 | 72079 |
| 688553 | &nbsp;&nbsp;&nbsp;3.000% due 7/1/51 | 590667 |
| 905491 | &nbsp;&nbsp;&nbsp;3.000% due 8/1/51 | 777439 |
| 707602 | &nbsp;&nbsp;&nbsp;3.000% due 9/1/51 | 610062 |
| 1115257 | &nbsp;&nbsp;&nbsp;3.000% due 10/1/51 | 957439 |
| 1069527 | &nbsp;&nbsp;&nbsp;3.000% due 11/1/51 | 915765 |
| 550165 | &nbsp;&nbsp;&nbsp;3.000% due 12/1/51 | 472387 |
| 267521 | &nbsp;&nbsp;&nbsp;3.000% due 1/1/52 | 229224 |
| 5948126 | &nbsp;&nbsp;&nbsp;3.000% due 2/1/52 | 5070273 |
| 293351 | &nbsp;&nbsp;&nbsp;3.000% due 4/1/52 | 251995 |
| 407433 | &nbsp;&nbsp;&nbsp;3.000% due 5/1/52 | 349974 |
| 3579402 | &nbsp;&nbsp;&nbsp;3.000% due 4/1/53 | 3077109 |
| 157266 | &nbsp;&nbsp;&nbsp;3.500% due 7/1/32 | 154313 |
| 490956 | &nbsp;&nbsp;&nbsp;3.500% due 3/1/33 | 480887 |
| 332882 | &nbsp;&nbsp;&nbsp;3.500% due 7/1/37 | 319492 |
| 574466 | &nbsp;&nbsp;&nbsp;3.500% due 8/1/43 | 525279 |
| 560914 | &nbsp;&nbsp;&nbsp;3.500% due 3/1/46 | 509816 |
| 573903 | &nbsp;&nbsp;&nbsp;3.500% due 5/1/47 | 524745 |
| 708280 | &nbsp;&nbsp;&nbsp;3.500% due 11/1/47 | 640863 |
| 719480 | &nbsp;&nbsp;&nbsp;3.500% due 2/1/48 | 654391 |
| 359351 | &nbsp;&nbsp;&nbsp;3.500% due 7/1/50 | 322087 |
| 147956 | &nbsp;&nbsp;&nbsp;3.500% due 9/1/50 | 133652 |
| 553200 | &nbsp;&nbsp;&nbsp;3.500% due 1/1/51 | 496164 |
| 1216532 | &nbsp;&nbsp;&nbsp;3.500% due 2/1/51 | 1091105 |
| 6280511 | &nbsp;&nbsp;&nbsp;3.500% due 7/1/51 | 5615472 |
| 606609 | &nbsp;&nbsp;&nbsp;3.500% due 4/1/52 | 543946 |
| 886741 | &nbsp;&nbsp;&nbsp;3.500% due 10/1/56 | 784291 |
| 175342 | &nbsp;&nbsp;&nbsp;3.500% due 2/1/57 | 155083 |
| 225404 | &nbsp;&nbsp;&nbsp;4.000% due 8/1/38 | 222594 |
| 381285 | &nbsp;&nbsp;&nbsp;4.000% due 11/1/38 | 374079 |
| 78585 | &nbsp;&nbsp;&nbsp;4.000% due 3/1/46 | 73988 |
| 498174 | &nbsp;&nbsp;&nbsp;4.000% due 3/1/47 | 465138 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** |  |
| **FNMA - (continued)** | **FNMA - (continued)** | **FNMA - (continued)** |  |
| $| 48338 | &nbsp;&nbsp;&nbsp;4.000% due 12/1/47 | $45219 |
|  | 68737 | &nbsp;&nbsp;&nbsp;4.000% due 2/1/48 | 64129 |
|  | 732352 | &nbsp;&nbsp;&nbsp;4.000% due 6/1/48 | 681870 |
|  | 971972 | &nbsp;&nbsp;&nbsp;4.000% due 10/1/48 | 907146 |
|  | 100751 | &nbsp;&nbsp;&nbsp;4.000% due 1/1/49 | 95045 |
|  | 2008042 | &nbsp;&nbsp;&nbsp;4.000% due 3/1/49 | 1872330 |
|  | 805462 | &nbsp;&nbsp;&nbsp;4.000% due 4/1/49 | 744124 |
|  | 131412 | &nbsp;&nbsp;&nbsp;4.000% due 5/1/49 | 122726 |
|  | 33933 | &nbsp;&nbsp;&nbsp;4.000% due 8/1/49 | 31948 |
|  | 1626070 | &nbsp;&nbsp;&nbsp;4.000% due 11/1/49 | 1516806 |
|  | 550940 | &nbsp;&nbsp;&nbsp;4.000% due 4/1/50 | 514597 |
|  | 8246179 | &nbsp;&nbsp;&nbsp;4.000% due 5/1/51 | 7692354 |
|  | 350198 | &nbsp;&nbsp;&nbsp;4.000% due 8/1/51 | 327853 |
|  | 409571 | &nbsp;&nbsp;&nbsp;4.000% due 6/1/52 | 377726 |
|  | 793797 | &nbsp;&nbsp;&nbsp;4.390% due 4/1/29 | 796386 |
|  | 293334 | &nbsp;&nbsp;&nbsp;4.500% due 12/1/37 | 290229 |
|  | 186956 | &nbsp;&nbsp;&nbsp;4.500% due 5/1/48 | 179302 |
|  | 192072 | &nbsp;&nbsp;&nbsp;4.500% due 6/1/48 | 183828 |
|  | 3168540 | &nbsp;&nbsp;&nbsp;4.500% due 10/1/50 | 3037190 |
|  | 1082037 | &nbsp;&nbsp;&nbsp;4.500% due 6/1/52 | 1022652 |
|  | 3496667 | &nbsp;&nbsp;&nbsp;4.500% due 7/1/52 | 3304758 |
|  | 748210 | &nbsp;&nbsp;&nbsp;4.500% due 3/1/53 | 706357 |
|  | 2545000 | &nbsp;&nbsp;&nbsp;4.500% due 6/1/55<sup>(a)</sup> | 2400068 |
|  | 120000 | &nbsp;&nbsp;&nbsp;4.750% due 4/1/28 | 121388 |
|  | 545680 | &nbsp;&nbsp;&nbsp;5.000% due 7/1/52 | 530278 |
|  | 15891524 | &nbsp;&nbsp;&nbsp;5.000% due 9/1/52 | 15422250 |
|  | 820159 | &nbsp;&nbsp;&nbsp;5.000% due 10/1/52 | 795617 |
|  | 126350 | &nbsp;&nbsp;&nbsp;5.000% due 11/1/52 | 122698 |
|  | 1618250 | &nbsp;&nbsp;&nbsp;5.000% due 12/1/52 | 1573113 |
|  | 75780 | &nbsp;&nbsp;&nbsp;5.000% due 3/1/53 | 73467 |
|  | 7933155 | &nbsp;&nbsp;&nbsp;5.000% due 4/1/53 | 7698558 |
|  | 8725000 | &nbsp;&nbsp;&nbsp;5.000% due 6/1/55<sup>(a)</sup> | 8444545 |
|  | 585000 | &nbsp;&nbsp;&nbsp;5.065% due 12/1/28 | 598823 |
|  | 270789 | &nbsp;&nbsp;&nbsp;5.500% due 4/1/38 | 274902 |
|  | 373550 | &nbsp;&nbsp;&nbsp;5.500% due 10/1/52 | 371988 |
|  | 1103262 | &nbsp;&nbsp;&nbsp;5.500% due 11/1/52 | 1097816 |
|  | 1261874 | &nbsp;&nbsp;&nbsp;5.500% due 12/1/52 | 1253497 |
|  | 5440502 | &nbsp;&nbsp;&nbsp;5.500% due 1/1/53 | 5402296 |
|  | 5204688 | &nbsp;&nbsp;&nbsp;5.500% due 2/1/53 | 5166147 |
|  | 676205 | &nbsp;&nbsp;&nbsp;5.500% due 6/1/53 | 671194 |
|  | 6799892 | &nbsp;&nbsp;&nbsp;5.500% due 7/1/53 | 6817693 |
|  | 6169295 | &nbsp;&nbsp;&nbsp;5.500% due 11/1/54 | 6175718 |
|  | 3526000 | &nbsp;&nbsp;&nbsp;5.500% due 6/1/55<sup>(a)</sup> | 3490428 |
|  | 397640 | &nbsp;&nbsp;&nbsp;6.000% due 5/1/53 | 405432 |
|  | 9526476 | &nbsp;&nbsp;&nbsp;6.000% due 6/1/54 | 9696210 |
|  | 422889 | &nbsp;&nbsp;&nbsp;6.000% due 9/1/54 | 428258 |
|  | 39070000 | &nbsp;&nbsp;&nbsp;6.000% due 6/1/55<sup>(a)</sup> | 39451380 |
|  | 1025000 | &nbsp;&nbsp;&nbsp;7.000% due 6/1/55<sup>(a)</sup> | 1069785 |
|  |  | **TOTAL FNMA** | **278911642** |
| **GNMA - 2.5%** | **GNMA - 2.5%** |  |  |
|  |  | Government National Mortgage Association (GNMA): |  |
|  | 2980000 | &nbsp;&nbsp;&nbsp;2.000% due 6/1/55<sup>(a)</sup> | 2393153 |
|  | 3170000 | &nbsp;&nbsp;&nbsp;2.500% due 6/1/55<sup>(a)</sup> | 2655206 |
|  | 2820000 | &nbsp;&nbsp;&nbsp;3.000% due 6/1/55<sup>(a)</sup> | 2456371 |
|  | 3670000 | &nbsp;&nbsp;&nbsp;4.500% due 6/1/55<sup>(a)</sup> | 3461909 |
|  | 1705000 | &nbsp;&nbsp;&nbsp;5.000% due 6/1/55<sup>(a)</sup> | 1653842 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** | **MORTGAGE-BACKED SECURITIES - (continued)** |  |
| **GNMA - (continued)** | **GNMA - (continued)** | **GNMA - (continued)** |  |
| $| 3635000 | &nbsp;&nbsp;&nbsp;5.500% due 6/1/55<sup>(a)</sup> | $3608731 |
|  | 525000 | &nbsp;&nbsp;&nbsp;6.000% due 6/1/55<sup>(a)</sup> | 530005 |
|  |  | Government National Mortgage Association (GNMA) II: |  |
|  | 585236 | &nbsp;&nbsp;&nbsp;2.000% due 10/20/50 | 470253 |
|  | 1303802 | &nbsp;&nbsp;&nbsp;2.000% due 12/20/50 | 1047639 |
|  | 558488 | &nbsp;&nbsp;&nbsp;2.500% due 11/20/49 | 470790 |
|  | 437501 | &nbsp;&nbsp;&nbsp;2.500% due 3/20/51 | 366699 |
|  | 3524598 | &nbsp;&nbsp;&nbsp;2.500% due 10/20/51 | 2934976 |
|  | 165430 | &nbsp;&nbsp;&nbsp;3.000% due 4/20/31 | 160905 |
|  | 431949 | &nbsp;&nbsp;&nbsp;3.000% due 6/20/50 | 375847 |
|  | 80423 | &nbsp;&nbsp;&nbsp;3.000% due 12/20/50 | 70215 |
|  | 728464 | &nbsp;&nbsp;&nbsp;3.000% due 9/20/51 | 635041 |
|  | 419646 | &nbsp;&nbsp;&nbsp;3.000% due 12/20/52 | 365902 |
|  | 98987 | &nbsp;&nbsp;&nbsp;3.500% due 8/20/42 | 90715 |
|  | 371789 | &nbsp;&nbsp;&nbsp;3.500% due 10/20/43 | 340217 |
|  | 66423 | &nbsp;&nbsp;&nbsp;3.500% due 12/20/43 | 60577 |
|  | 297529 | &nbsp;&nbsp;&nbsp;3.500% due 3/20/44 | 271928 |
|  | 13311 | &nbsp;&nbsp;&nbsp;3.500% due 7/20/44 | 12146 |
|  | 329306 | &nbsp;&nbsp;&nbsp;3.500% due 6/20/46 | 297601 |
|  | 277497 | &nbsp;&nbsp;&nbsp;3.500% due 2/20/49 | 250151 |
|  | 201667 | &nbsp;&nbsp;&nbsp;3.500% due 6/20/49 | 180115 |
|  | 492152 | &nbsp;&nbsp;&nbsp;3.500% due 11/20/49 | 438962 |
|  | 430505 | &nbsp;&nbsp;&nbsp;3.500% due 6/20/50 | 385248 |
|  | 554200 | &nbsp;&nbsp;&nbsp;3.500% due 9/20/50 | 494726 |
|  | 461958 | &nbsp;&nbsp;&nbsp;3.500% due 2/20/51 | 412350 |
|  | 2612305 | &nbsp;&nbsp;&nbsp;3.500% due 10/20/51 | 2334638 |
|  | 3897534 | &nbsp;&nbsp;&nbsp;3.500% due 2/20/52 | 3481106 |
|  | 749426 | &nbsp;&nbsp;&nbsp;3.500% due 1/20/53 | 668473 |
|  | 414572 | &nbsp;&nbsp;&nbsp;4.000% due 10/20/44 | 388069 |
|  | 274302 | &nbsp;&nbsp;&nbsp;4.000% due 2/20/45 | 256771 |
|  | 188864 | &nbsp;&nbsp;&nbsp;4.000% due 10/20/45 | 177723 |
|  | 235406 | &nbsp;&nbsp;&nbsp;4.000% due 2/20/47 | 218529 |
|  | 490849 | &nbsp;&nbsp;&nbsp;4.000% due 10/20/48 | 454252 |
|  | 402304 | &nbsp;&nbsp;&nbsp;4.000% due 3/20/49 | 372153 |
|  | 1117945 | &nbsp;&nbsp;&nbsp;4.000% due 2/20/52 | 1029718 |
|  | 532895 | &nbsp;&nbsp;&nbsp;4.500% due 2/20/40 | 521479 |
|  | 180346 | &nbsp;&nbsp;&nbsp;4.500% due 7/20/49 | 172234 |
|  | 184957 | &nbsp;&nbsp;&nbsp;4.500% due 8/20/49 | 175963 |
|  | 262631 | &nbsp;&nbsp;&nbsp;4.500% due 8/20/52 | 249369 |
|  | 244720 | &nbsp;&nbsp;&nbsp;4.500% due 9/20/52 | 232363 |
|  | 1097515 | &nbsp;&nbsp;&nbsp;4.500% due 10/20/52 | 1042096 |
|  | 238969 | &nbsp;&nbsp;&nbsp;5.000% due 5/20/40 | 238889 |
|  | 189612 | &nbsp;&nbsp;&nbsp;5.000% due 6/20/40 | 190127 |
|  | 74308 | &nbsp;&nbsp;&nbsp;5.000% due 7/20/40 | 74327 |
|  |  | **TOTAL GNMA** | **39170499** |
|  |  | **TOTAL MORTGAGE-BACKED SECURITIES** |  |
|  |  | (Cost - $452,891,646) | **420290666** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 25.5%** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 25.5%** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 25.5%** |  |
| **U.S. GOVERNMENT OBLIGATIONS - 25.5%** | **U.S. GOVERNMENT OBLIGATIONS - 25.5%** | **U.S. GOVERNMENT OBLIGATIONS - 25.5%** |  |
|  |  | U.S. Treasury Bonds: |  |
|  | 3565000 | &nbsp;&nbsp;&nbsp;2.000% due 11/15/41 | 2402615 |
|  | 1555000 | &nbsp;&nbsp;&nbsp;3.250% due 5/15/42 | 1261372 |
|  | 5735000 | &nbsp;&nbsp;&nbsp;3.375% due 8/15/42 | 4720846 |
|  | 33950000 | &nbsp;&nbsp;&nbsp;3.875% due 2/15/43 | 29820301 |
|  | 6715000 | &nbsp;&nbsp;&nbsp;3.625% due 2/15/44 | 5634567 |
|  | 12905000 | &nbsp;&nbsp;&nbsp;3.375% due 5/15/44 | 10396087 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - (continued)** |  |
| **U.S. GOVERNMENT OBLIGATIONS - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - (continued)** |  |
| $| 980000 | &nbsp;&nbsp;&nbsp;4.625% due 5/15/44 | $943480 |
|  | 6380000 | &nbsp;&nbsp;&nbsp;4.125% due 8/15/44 | 5733277 |
|  | 3155000 | &nbsp;&nbsp;&nbsp;4.625% due 11/15/44 | 3030279 |
|  | 2470000 | &nbsp;&nbsp;&nbsp;2.500% due 2/15/45 | 1699476 |
|  | 4065000 | &nbsp;&nbsp;&nbsp;2.250% due 8/15/46 | 2601124 |
|  | 8500000 | &nbsp;&nbsp;&nbsp;3.000% due 2/15/48 | 6173457 |
|  | 9545000 | &nbsp;&nbsp;&nbsp;3.125% due 5/15/48 | 7079705 |
|  | 5110000 | &nbsp;&nbsp;&nbsp;3.375% due 11/15/48 | 3951667 |
|  | 47114000 | &nbsp;&nbsp;&nbsp;1.250% due 5/15/50 | 22009232 |
|  | 38550000 | &nbsp;&nbsp;&nbsp;1.375% due 8/15/50 | 18491953 |
|  | 8000000 | &nbsp;&nbsp;&nbsp;1.625% due 11/15/50 | 4107500 |
|  | 29315000 | &nbsp;&nbsp;&nbsp;2.375% due 5/15/51 | 18137511 |
|  | 12330000 | &nbsp;&nbsp;&nbsp;1.875% due 11/15/51 | 6680355 |
|  | 7170000 | &nbsp;&nbsp;&nbsp;3.000% due 8/15/52 | 5055690 |
|  | 2801600 | &nbsp;&nbsp;&nbsp;4.000% due 11/15/52 | 2397666 |
|  | 5797000 | &nbsp;&nbsp;&nbsp;3.625% due 5/15/53 | 4624693 |
|  | 9490000 | &nbsp;&nbsp;&nbsp;4.125% due 8/15/53 | 8297448 |
|  | 10480000 | &nbsp;&nbsp;&nbsp;4.250% due 8/15/54 | 9371412 |
|  | 1565000 | &nbsp;&nbsp;&nbsp;4.500% due 11/15/54 | 1460830 |
|  | 6190000 | &nbsp;&nbsp;&nbsp;4.625% due 2/15/55 | 5903712 |
|  |  | U.S. Treasury Inflation Indexed Bonds: |  |
|  | 4847848 | &nbsp;&nbsp;&nbsp;0.750% due 2/15/42 | 3714665 |
|  | 2112017 | &nbsp;&nbsp;&nbsp;0.750% due 2/15/45 | 1525316 |
|  | 2127274 | &nbsp;&nbsp;&nbsp;0.250% due 2/15/50 | 1211905 |
|  | 3365920 | U.S. Treasury Inflation Indexed Notes, 1.750% due 1/15/34 | 3307589 |
|  |  | U.S. Treasury Notes: |  |
|  | 28800000 | &nbsp;&nbsp;&nbsp;0.750% due 3/31/26 | 28000800 |
|  | 4650000 | &nbsp;&nbsp;&nbsp;0.750% due 5/31/26 | 4496368 |
|  | 6800000 | &nbsp;&nbsp;&nbsp;0.875% due 9/30/26 | 6523484 |
|  | 18255000 | &nbsp;&nbsp;&nbsp;4.250% due 12/31/26 | 18324169 |
|  | 615000 | &nbsp;&nbsp;&nbsp;3.750% due 4/30/27 | 613102 |
|  | 6123000 | &nbsp;&nbsp;&nbsp;0.625% due 11/30/27 | 5653969 |
|  | 12000000 | &nbsp;&nbsp;&nbsp;0.750% due 1/31/28 | 11058750 |
|  | 2355000 | &nbsp;&nbsp;&nbsp;3.750% due 4/15/28 | 2347457 |
|  | 27090000 | &nbsp;&nbsp;&nbsp;2.375% due 3/31/29 | 25616981 |
|  | 13840000 | &nbsp;&nbsp;&nbsp;4.250% due 6/30/29 | 14007053 |
|  | 6015000 | &nbsp;&nbsp;&nbsp;4.125% due 11/30/29 | 6060347 |
|  | 8890000 | &nbsp;&nbsp;&nbsp;4.375% due 12/31/29 | 9045575 |
|  | 4465000 | &nbsp;&nbsp;&nbsp;3.875% due 4/30/30 | 4447210 |
|  | 18000000 | &nbsp;&nbsp;&nbsp;0.875% due 11/15/30 | 15247266 |
|  | 18915000 | &nbsp;&nbsp;&nbsp;4.500% due 12/31/31 | 19301428 |
|  | 27135000 | &nbsp;&nbsp;&nbsp;4.250% due 11/15/34 | 26867890 |
|  |  | **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **399357579** |
|  |  | **TOTAL U.S. GOVERNMENT AGENCIES & OBLIGATIONS** |  |
|  |  | (Cost - $440,837,329) | **399357579** |
| **CORPORATE BONDS & NOTES - 18.1%** | **CORPORATE BONDS & NOTES - 18.1%** | **CORPORATE BONDS & NOTES - 18.1%** |  |
| **Basic Materials - 0.3%** | **Basic Materials - 0.3%** | **Basic Materials - 0.3%** |  |
|  | 200000 | AngloGold Ashanti Holdings PLC, Company Guaranteed Notes, 3.375% due 11/1/28 | 189121 |
|  | 86000 | ArcelorMittal SA, Senior Unsecured Notes, 6.000% due 6/17/34 | 88740 |
|  | 200000 | Aris Mining Corp., Company Guaranteed Notes, 8.000% due 10/31/29<sup>(b)</sup> | 203052 |
|  | 40000 | Arsenal AIC Parent LLC, Senior Secured Notes, 8.000% due 10/1/30<sup>(b)</sup> | 42005 |
|  | 100000 | Avient Corp., Senior Unsecured Notes, 6.250% due 11/1/31<sup>(b)</sup> | 100140 |
|  |  | BHP Billiton Finance USA Ltd., Company Guaranteed Notes: |  |
|  | 110000 | &nbsp;&nbsp;&nbsp;5.125% due 2/21/32 | 111226 |
|  | 245000 | &nbsp;&nbsp;&nbsp;4.900% due 2/28/33 | 242937 |
|  | 25000 | &nbsp;&nbsp;&nbsp;5.250% due 9/8/33 | 25209 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Basic Materials - (continued)** | **Basic Materials - (continued)** | **Basic Materials - (continued)** |  |
| $| 400000 | CAP SA, Senior Unsecured Notes, 3.900% due 4/27/31 | $320826 |
|  |  | Celanese US Holdings LLC, Company Guaranteed Notes: |  |
|  | 45000 | &nbsp;&nbsp;&nbsp;6.500% due 4/15/30 | 45356 |
|  | 45000 | &nbsp;&nbsp;&nbsp;6.750% due 4/15/33 | 43796 |
|  | 65000 | Cleveland-Cliffs Inc., Company Guaranteed Notes, 6.875% due 11/1/29<sup>(b)</sup> | 60435 |
|  | 200000 | Corp. Nacional del Cobre de Chile, Senior Unsecured Notes, 5.125% due 2/2/33 | 191383 |
|  | 200000 | CSN Resources SA, Company Guaranteed Notes, 5.875% due 4/8/32 | 164381 |
|  | 214000 | EIDP Inc., Senior Unsecured Notes, 5.125% due 5/15/32 | 215989 |
|  |  | Glencore Funding LLC, Company Guaranteed Notes: |  |
|  | 840000 | &nbsp;&nbsp;&nbsp;5.371% due 4/4/29<sup>(b)</sup> | 855452 |
|  | 50000 | &nbsp;&nbsp;&nbsp;6.375% due 10/6/30<sup>(b)</sup> | 53032 |
|  | 145000 | &nbsp;&nbsp;&nbsp;2.850% due 4/27/31<sup>(b)</sup> | 128519 |
|  | 80000 | &nbsp;&nbsp;&nbsp;6.500% due 10/6/33<sup>(b)</sup> | 85556 |
|  | 360000 | &nbsp;&nbsp;&nbsp;5.634% due 4/4/34<sup>(b)</sup> | 362077 |
|  | 150000 | &nbsp;&nbsp;&nbsp;5.673% due 4/1/35<sup>(b)</sup> | 150404 |
|  | 200000 | Gold Fields Orogen Holdings BVI Ltd., Company Guaranteed Notes, 6.125% due 5/15/29 | 205380 |
|  | 105000 | Illuminate Buyer LLC/Illuminate Holdings IV Inc., Senior Unsecured Notes, 9.000% due 7/1/28<sup>(b)</sup> | 105346 |
|  | 25000 | Mativ Holdings Inc., Company Guaranteed Notes, 8.000% due 10/1/29<sup>(b)</sup> | 21328 |
|  | 156000 | Newmont Corp./Newcrest Finance Pty Ltd., Company Guaranteed Notes, 5.350% due 3/15/34 | 157535 |
|  | 35000 | Novelis Corp., Company Guaranteed Notes, 6.875% due 1/30/30<sup>(b)</sup> | 36093 |
|  | 200000 | OCP SA, Senior Unsecured Notes, 6.750% due 5/2/34 | 201778 |
|  | 35000 | Olin Corp., Senior Unsecured Notes, 6.625% due 4/1/33<sup>(b)</sup> | 33501 |
|  | 300000 | Rio Tinto Alcan Inc., Senior Unsecured Notes, 6.125% due 12/15/33 | 320956 |
|  |  | Rio Tinto Finance USA PLC, Company Guaranteed Notes: |  |
|  | 95000 | &nbsp;&nbsp;&nbsp;5.000% due 3/14/32 | 95378 |
|  | 91000 | &nbsp;&nbsp;&nbsp;5.750% due 3/14/55 | 88473 |
|  | 265000 | &nbsp;&nbsp;&nbsp;5.875% due 3/14/65 | 258015 |
|  | 345000 | Sherwin-Williams Co., Senior Unsecured Notes, 2.300% due 5/15/30 | 308015 |
|  | 90000 | Vale Overseas Ltd., Company Guaranteed Notes, 6.400% due 6/28/54 | 86038 |
|  | 50000 | WR Grace Holdings LLC, Senior Unsecured Notes, 5.625% due 8/15/29<sup>(b)</sup> | 44056 |
|  |  | Total Basic Materials | 5641528 |
| **Communications - 1.6%** | **Communications - 1.6%** | **Communications - 1.6%** |  |
|  | 200000 | Acuris Finance U.S. Inc./Acuris Finance SARL, Senior Secured Notes, 5.000% due 5/1/28<sup>(b)</sup> | 190327 |
|  |  | Alphabet Inc., Senior Unsecured Notes: |  |
|  | 230000 | &nbsp;&nbsp;&nbsp;4.000% due 5/15/30 | 227649 |
|  | 495000 | &nbsp;&nbsp;&nbsp;5.300% due 5/15/65 | 473961 |
|  |  | AT&T Inc., Senior Unsecured Notes: |  |
|  | 970000 | &nbsp;&nbsp;&nbsp;1.650% due 2/1/28 | 902737 |
|  | 2308000 | &nbsp;&nbsp;&nbsp;2.250% due 2/1/32 | 1958177 |
|  | 3495000 | &nbsp;&nbsp;&nbsp;2.550% due 12/1/33 | 2874469 |
|  | 320000 | &nbsp;&nbsp;&nbsp;6.050% due 8/15/56 | 320653 |
|  | 92000 | Bell Telephone Co. of Canada or Bell Canada, Company Guaranteed Notes, 6.875% (5-Year CMT Index + 2.390%) due 9/15/55<sup>(c)</sup> | 92595 |
|  |  | CCO Holdings LLC/CCO Holdings Capital Corp., Senior Unsecured Notes: |  |
|  | 115000 | &nbsp;&nbsp;&nbsp;5.125% due 5/1/27<sup>(b)</sup> | 113814 |
|  | 210000 | &nbsp;&nbsp;&nbsp;4.750% due 3/1/30<sup>(b)</sup> | 200464 |
|  | 95000 | &nbsp;&nbsp;&nbsp;4.750% due 2/1/32<sup>(b)</sup> | 87944 |
|  |  | Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Notes: |  |
|  | 320000 | &nbsp;&nbsp;&nbsp;4.200% due 3/15/28 | 315967 |
|  | 180000 | &nbsp;&nbsp;&nbsp;2.800% due 4/1/31 | 158049 |
|  | 260000 | &nbsp;&nbsp;&nbsp;6.550% due 6/1/34 | 272004 |
|  | 3965000 | &nbsp;&nbsp;&nbsp;6.384% due 10/23/35 | 4070583 |
|  | 126000 | &nbsp;&nbsp;&nbsp;3.500% due 3/1/42 | 87141 |
|  | 310000 | &nbsp;&nbsp;&nbsp;4.800% due 3/1/50 | 239711 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Communications - (continued)** | **Communications - (continued)** |  |
| $80000 | &nbsp;&nbsp;&nbsp;4.400% due 12/1/61 | $53892 |
|  | Cisco Systems Inc., Senior Unsecured Notes: |  |
| 205000 | &nbsp;&nbsp;&nbsp;4.950% due 2/26/31 | 209110 |
| 60000 | &nbsp;&nbsp;&nbsp;5.350% due 2/26/64 | 56200 |
| 25000 | Clear Channel Outdoor Holdings Inc., Company Guaranteed Notes, 7.500% due 6/1/29<sup>(b)</sup> | 22101 |
| 40000 | Clear Channel Outdoor Holdings Inc., Senior Secured Notes, 7.875% due 4/1/30<sup>(b)</sup> | 40526 |
|  | Comcast Corp., Company Guaranteed Notes: |  |
| 735000 | &nbsp;&nbsp;&nbsp;3.750% due 4/1/40 | 595117 |
| 375000 | &nbsp;&nbsp;&nbsp;2.887% due 11/1/51 | 222527 |
|  | CommScope LLC, Senior Secured Notes: |  |
| 27000 | &nbsp;&nbsp;&nbsp;4.750% due 9/1/29<sup>(b)</sup> | 25853 |
| 40000 | &nbsp;&nbsp;&nbsp;9.500% due 12/15/31<sup>(b)</sup> | 41577 |
| 45000 | CommScope Technologies LLC, Company Guaranteed Notes, 5.000% due 3/15/27<sup>(b)</sup> | 43487 |
| 90000 | Consolidated Communications Inc., Senior Secured Notes, 5.000% due 10/1/28<sup>(b)</sup> | 90906 |
|  | Cox Communications Inc., Company Guaranteed Notes: |  |
| 80000 | &nbsp;&nbsp;&nbsp;5.450% due 9/1/34<sup>(b)</sup> | 77841 |
| 205000 | &nbsp;&nbsp;&nbsp;5.950% due 9/1/54<sup>(b)</sup> | 185665 |
| 335000 | Cox Communications Inc., Senior Unsecured Notes, 2.600% due 6/15/31<sup>(b)</sup> | 289317 |
| 200000 | CSC Holdings LLC, Company Guaranteed Notes, 6.500% due 2/1/29<sup>(b)</sup> | 159570 |
|  | Digicel Group Holdings Ltd., Senior Secured Notes: |  |
| 28105 | &nbsp;&nbsp;&nbsp;zero coupon, due 12/31/30<sup>(b)</sup> | 1214 |
| 81344 | &nbsp;&nbsp;&nbsp;zero coupon, due 12/31/30<sup>(b)(d)</sup> | 501 |
| 95000 | Directv Financing LLC/Directv Financing Co.-Obligor Inc., Senior Secured Notes, 5.875% due 8/15/27<sup>(b)</sup> | 93509 |
| 435000 | Discovery Communications LLC, Company Guaranteed Notes, 3.625% due 5/15/30 | 384694 |
| 75000 | DISH DBS Corp., Company Guaranteed Notes, 5.125% due 6/1/29 | 49308 |
| 110000 | DISH DBS Corp., Senior Secured Notes, 5.750% due 12/1/28<sup>(b)</sup> | 93090 |
| 85000 | EchoStar Corp., Senior Secured Notes, 10.750% due 11/30/29 | 85417 |
| 60000 | Embarq LLC, Senior Unsecured Notes, 7.995% due 6/1/36 | 28200 |
| 343000 | Expedia Group Inc., Company Guaranteed Notes, 3.800% due 2/15/28 | 335926 |
| 135000 | GCI LLC, Company Guaranteed Notes, 4.750% due 10/15/28<sup>(b)</sup> | 126969 |
| 50000 | Gray Media Inc., Senior Secured Notes, 10.500% due 7/15/29<sup>(b)</sup> | 53176 |
| 50000 | Intelsat Jackson Holdings SA, Senior Secured Notes, 6.500% due 3/15/30<sup>(b)</sup> | 49169 |
| 40000 | Level 3 Financing Inc., Company Guaranteed Notes, 3.750% due 7/15/29<sup>(b)</sup> | 32827 |
| 65000 | Level 3 Financing Inc., Secured Notes, 4.500% due 4/1/30<sup>(b)</sup> | 57166 |
| 100000 | Level 3 Financing Inc., Senior Secured Notes, 10.500% due 4/15/29<sup>(b)</sup> | 112500 |
| 150000 | Match Group Holdings II LLC, Senior Unsecured Notes, 5.000% due 12/15/27<sup>(b)</sup> | 148609 |
|  | McGraw-Hill Education Inc., Senior Secured Notes: |  |
| 60000 | &nbsp;&nbsp;&nbsp;5.750% due 8/1/28<sup>(b)</sup> | 59267 |
| 20000 | &nbsp;&nbsp;&nbsp;7.375% due 9/1/31<sup>(b)</sup> | 20578 |
| 265000 | Meta Platforms Inc., Senior Unsecured Notes, 5.600% due 5/15/53 | 259201 |
| 180000 | Millicom International Cellular SA, Senior Unsecured Notes, 6.250% due 3/25/29 | 179507 |
|  | Netflix Inc., Senior Unsecured Notes: |  |
| 119000 | &nbsp;&nbsp;&nbsp;5.375% due 11/15/29<sup>(b)</sup> | 123315 |
| 100000 | &nbsp;&nbsp;&nbsp;5.400% due 8/15/54 | 96235 |
| 55000 | Outfront Media Capital LLC/Outfront Media Capital Corp., Senior Secured Notes, 7.375% due 2/15/31<sup>(b)</sup> | 58083 |
| 18000 | Paramount Global, Senior Unsecured Notes: 4.950% due 1/15/31 | 17428 |
| 160000 | &nbsp;&nbsp;&nbsp;6.875% due 4/30/36 | 162641 |
| 220000 | &nbsp;&nbsp;&nbsp;4.375% due 3/15/43 | 160412 |
| 230000 | &nbsp;&nbsp;&nbsp;5.850% due 9/1/43 | 197048 |
| 20000 | Radiate Holdco LLC/Radiate Finance Inc., Senior Secured Notes, 4.500% due 9/15/26<sup>(b)</sup> | 17152 |
| 125000 | Sirius XM Radio LLC, Company Guaranteed Notes, 5.500% due 7/1/29<sup>(b)</sup> | 122956 |
|  | T-Mobile USA Inc., Company Guaranteed Notes: |  |
| 295000 | &nbsp;&nbsp;&nbsp;3.875% due 4/15/30 | 284459 |
| 2001000 | &nbsp;&nbsp;&nbsp;2.875% due 2/15/31 | 1800764 |
| 135000 | &nbsp;&nbsp;&nbsp;5.125% due 5/15/32 | 136173 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Communications - (continued)** | **Communications - (continued)** | **Communications - (continued)** |  |
| $| 90000 | &nbsp;&nbsp;&nbsp;5.050% due 7/15/33 | $89233 |
|  | 20000 | &nbsp;&nbsp;&nbsp;5.750% due 1/15/34 | 20739 |
|  | 235000 | &nbsp;&nbsp;&nbsp;4.700% due 1/15/35 | 224581 |
|  | 394000 | &nbsp;&nbsp;&nbsp;5.500% due 1/15/55 | 364211 |
|  | 305000 | Uber Technologies Inc., Senior Unsecured Notes, 4.800% due 9/15/34 | 294317 |
|  |  | Univision Communications Inc., Senior Secured Notes: |  |
|  | 75000 | &nbsp;&nbsp;&nbsp;4.500% due 5/1/29<sup>(b)</sup> | 66575 |
|  | 25000 | &nbsp;&nbsp;&nbsp;8.500% due 7/31/31<sup>(b)</sup> | 24004 |
|  | 194000 | VeriSign Inc., Senior Unsecured Notes, 5.250% due 6/1/32 | 195532 |
|  | 3376000 | Verizon Communications Inc., Senior Unsecured Notes, 1.750% due 1/20/31 | 2878139 |
|  | 155000 | Videotron Ltd., Company Guaranteed Notes, 5.700% due 1/15/35<sup>(b)</sup> | 152867 |
|  | 50000 | Wayfair LLC, Senior Secured Notes, 7.250% due 10/31/29<sup>(b)</sup> | 48697 |
|  | 65000 | Windstream Services LLC/Windstream Escrow Finance Corp., Senior Secured Notes, 8.250% due 10/1/31<sup>(b)</sup> | 67648 |
|  |  | Total Communications | 24473971 |
| **Consumer Cyclical - 0.7%** | **Consumer Cyclical - 0.7%** | **Consumer Cyclical - 0.7%** |  |
|  | 90000 | Academy Ltd., Senior Secured Notes, 6.000% due 11/15/27<sup>(b)</sup> | 90211 |
|  | 65000 | Acushnet Co., Company Guaranteed Notes, 7.375% due 10/15/28<sup>(b)</sup> | 67353 |
|  | 30000 | AMC Entertainment Holdings Inc., Senior Secured Notes, 7.500% due 2/15/29<sup>(b)</sup> | 23445 |
|  | 60000 | American Airlines Inc., Senior Secured Notes, 8.500% due 5/15/29<sup>(b)</sup> | 62167 |
|  | 60000 | American Axle & Manufacturing Inc., Company Guaranteed Notes, 5.000% due 10/1/29 | 54545 |
|  | 60000 | Ashton Woods USA LLC/Ashton Woods Finance Co., Senior Unsecured Notes, 4.625% due 4/1/30<sup>(b)</sup> | 56254 |
|  | 131000 | AutoNation Inc., Senior Unsecured Notes, 5.890% due 3/15/35 | 130276 |
|  |  | AutoZone Inc., Senior Unsecured Notes: |  |
|  | 156000 | &nbsp;&nbsp;&nbsp;5.125% due 6/15/30 | 158465 |
|  | 150000 | &nbsp;&nbsp;&nbsp;6.550% due 11/1/33 | 163029 |
|  | 40000 | &nbsp;&nbsp;&nbsp;5.400% due 7/15/34 | 40307 |
|  | 155000 | Caesars Entertainment Inc., Company Guaranteed Notes, 6.000% due 10/15/32<sup>(b)</sup> | 148690 |
|  | 54000 | Carnival Corp., Company Guaranteed Notes, 6.125% due 2/15/33<sup>(b)</sup> | 54133 |
|  |  | Carvana Co., Senior Secured Notes: |  |
|  | 38411 | &nbsp;&nbsp;&nbsp;9.000% due 12/1/28<sup>(b)(e)</sup> | 39467 |
|  | 55000 | &nbsp;&nbsp;&nbsp;9.000% due 6/1/30<sup>(b)(e)</sup> | 57999 |
|  | 140000 | Clarios Global LP/Clarios US Finance Co., Senior Secured Notes, 6.750% due 5/15/28<sup>(b)</sup> | 142641 |
|  | 50000 | Cougar JV Subsidiary LLC, Senior Unsecured Notes, 8.000% due 5/15/32<sup>(b)</sup> | 52519 |
|  | 45000 | Dana Inc., Senior Unsecured Notes, 5.375% due 11/15/27 | 44850 |
|  | 55000 | Dealer Tire LLC/DT Issuer LLC, Senior Unsecured Notes, 8.000% due 2/1/28<sup>(b)</sup> | 53749 |
|  | 45000 | Dornoch Debt Merger Sub Inc., Senior Unsecured Notes, 6.625% due 10/15/29<sup>(b)</sup> | 34586 |
|  | 25000 | Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc., Company Guaranteed Notes, 6.750% due 1/15/30<sup>(b)</sup> | 22704 |
|  | 40000 | Full House Resorts Inc., Senior Secured Notes, 8.250% due 2/15/28<sup>(b)</sup> | 38267 |
|  | 70000 | Gates Corp., Company Guaranteed Notes, 6.875% due 7/1/29<sup>(b)</sup> | 71733 |
|  | 145000 | Genuine Parts Co., Senior Unsecured Notes, 4.950% due 8/15/29 | 146296 |
|  | 55000 | Goodyear Tire & Rubber Co., Company Guaranteed Notes, 5.250% due 7/15/31 | 51320 |
|  | 70000 | Group 1 Automotive Inc., Company Guaranteed Notes, 6.375% due 1/15/30<sup>(b)</sup> | 71287 |
|  | 259000 | Hyundai Capital America, Senior Unsecured Notes, 5.300% due 1/8/29<sup>(b)</sup> | 261068 |
|  | 80000 | Installed Building Products Inc., Company Guaranteed Notes, 5.750% due 2/1/28<sup>(b)</sup> | 79473 |
|  | 40000 | JetBlue Airways Corp./JetBlue Loyalty LP, Senior Secured Notes, 9.875% due 9/20/31<sup>(b)</sup> | 39567 |
|  | 90000 | Las Vegas Sands Corp., Senior Unsecured Notes, 6.000% due 6/14/30 | 90975 |
|  | 105000 | Life Time Inc., Senior Secured Notes, 6.000% due 11/15/31<sup>(b)</sup> | 105235 |
|  | 65000 | Light & Wonder International Inc., Company Guaranteed Notes, 7.250% due 11/15/29<sup>(b)</sup> | 66875 |
|  | 80000 | Lowe's Cos., Inc., Senior Unsecured Notes, 5.625% due 4/15/53 | 75018 |
|  | 290000 | Marriott International Inc., Senior Unsecured Notes, 5.350% due 3/15/35 | 286076 |
|  | 80000 | Mattamy Group Corp., Senior Unsecured Notes, 4.625% due 3/1/30<sup>(b)</sup> | 75310 |
|  | 154000 | McDonald's Corp., Senior Unsecured Notes, 5.450% due 8/14/53 | 145491 |
|  | 92000 | Meritage Homes Corp., Company Guaranteed Notes, 5.650% due 3/15/35 | 89833 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Consumer Cyclical - (continued)** | **Consumer Cyclical - (continued)** |  |
| $200000 | Merlin Entertainments Group US Holdings Inc., Senior Secured Notes, 7.375% due 2/15/31<sup>(b)</sup> | $182482 |
| 45000 | Michaels Cos., Inc., Senior Secured Notes, 5.250% due 5/1/28<sup>(b)</sup> | 30676 |
| 100000 | Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., Senior Secured Notes, 4.875% due 5/1/29<sup>(b)</sup> | 95820 |
| 13000 | NCL Corp., Ltd., Company Guaranteed Notes, 5.875% due 3/15/26<sup>(b)</sup> | 13008 |
|  | NCL Corp., Ltd., Senior Unsecured Notes: |  |
| 15000 | &nbsp;&nbsp;&nbsp;6.250% due 3/1/30<sup>(b)</sup> | 14839 |
| 35000 | &nbsp;&nbsp;&nbsp;6.750% due 2/1/32<sup>(b)</sup> | 35007 |
| 130000 | Ontario Gaming GTA LP/OTG Co.-Issuer Inc., Senior Secured Notes, 8.000% due 8/1/30<sup>(b)</sup> | 128504 |
|  | O'Reilly Automotive Inc., Senior Unsecured Notes: |  |
| 70000 | &nbsp;&nbsp;&nbsp;5.750% due 11/20/26 | 71186 |
| 139000 | &nbsp;&nbsp;&nbsp;4.700% due 6/15/32 | 136001 |
| 204000 | &nbsp;&nbsp;&nbsp;5.000% due 8/19/34 | 199115 |
| 55000 | Penn Entertainment Inc., Senior Unsecured Notes, 4.125% due 7/1/29<sup>(b)</sup> | 49126 |
| 250000 | PetSmart Inc./PetSmart Finance Corp., Company Guaranteed Notes, 7.750% due 2/15/29<sup>(b)</sup> | 243369 |
| 30000 | Premier Entertainment Sub LLC/Premier Entertainment Finance Corp., Company Guaranteed Notes, 5.625% due 9/1/29<sup>(b)</sup> | 19875 |
| 35000 | QXO Building Products Inc., Senior Secured Notes, 6.750% due 4/30/32<sup>(b)</sup> | 35887 |
| 145000 | Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp., Senior Secured Notes, 6.625% due 2/1/33<sup>(b)</sup> | 143046 |
| 184000 | Royal Caribbean Cruises Ltd., Senior Unsecured Notes, 5.375% due 7/15/27<sup>(b)</sup> | 184167 |
|  | Sabre GLBL Inc., Senior Secured Notes: |  |
| 28000 | &nbsp;&nbsp;&nbsp;8.625% due 6/1/27<sup>(b)</sup> | 28792 |
| 37000 | &nbsp;&nbsp;&nbsp;10.750% due 11/15/29<sup>(b)</sup> | 37740 |
| 45000 | Scientific Games Holdings LP/Scientific Games US FinCo Inc., Senior Unsecured Notes, 6.625% due 3/1/30<sup>(b)</sup> | 42659 |
| 140000 | Six Flags Entertainment Corp., Company Guaranteed Notes, 7.250% due 5/15/31<sup>(b)</sup> | 143054 |
| 60000 | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp., Company Guaranteed Notes, 5.250% due 7/15/29 | 58253 |
| 60000 | Sonic Automotive Inc., Company Guaranteed Notes, 4.625% due 11/15/29<sup>(b)</sup> | 57314 |
| 60000 | Staples Inc., Senior Secured Notes, 10.750% due 9/1/29<sup>(b)</sup> | 54317 |
| 160000 | Starbucks Corp., Senior Unsecured Notes, 4.800% due 5/15/30 | 160521 |
| 20000 | Starz Capital Holdings LLC, Company Guaranteed Notes, 5.500% due 4/15/29<sup>(b)</sup> | 16160 |
| 55000 | Station Casinos LLC, Company Guaranteed Notes, 6.625% due 3/15/32<sup>(b)</sup> | 55075 |
| 65000 | Suburban Propane Partners LP/Suburban Energy Finance Corp., Senior Unsecured Notes, 5.000% due 6/1/31<sup>(b)</sup> | 60546 |
| 20000 | SWF Holdings I Corp., Senior Unsecured Notes, 6.500% due 10/1/29<sup>(b)</sup> | 7803 |
|  | Tapestry Inc., Senior Unsecured Notes: |  |
| 200000 | &nbsp;&nbsp;&nbsp;5.100% due 3/11/30 | 199951 |
| 280000 | &nbsp;&nbsp;&nbsp;5.500% due 3/11/35 | 274645 |
| 1072917 | United Airlines 2016-2 Class B Pass-Through Trust, Pass Thru Certificates, 3.650% due 10/7/25 | 1062536 |
| 45000 | Vail Resorts Inc., Company Guaranteed Notes, 6.500% due 5/15/32<sup>(b)</sup> | 46098 |
| 85000 | Victra Holdings LLC/Victra Finance Corp., Senior Secured Notes, 8.750% due 9/15/29<sup>(b)</sup> | 86792 |
| 145000 | Viking Cruises Ltd., Company Guaranteed Notes, 5.875% due 9/15/27<sup>(b)</sup> | 144928 |
| 60000 | Voyager Parent LLC, Senior Secured Notes, 9.250% due 7/1/32<sup>(b)</sup> | 61987 |
| 15000 | Walgreens Boots Alliance Inc., Senior Unsecured Notes, 4.800% due 11/18/44 | 13852 |
|  | Warnermedia Holdings Inc., Company Guaranteed Notes: |  |
| 1845000 | &nbsp;&nbsp;&nbsp;4.279% due 3/15/32 | 1565610 |
| 450000 | &nbsp;&nbsp;&nbsp;5.050% due 3/15/42 | 323697 |
| 745000 | &nbsp;&nbsp;&nbsp;5.141% due 3/15/52 | 482952 |
| 770000 | &nbsp;&nbsp;&nbsp;5.391% due 3/15/62 | 495674 |
| 155000 | Wyndham Hotels & Resorts Inc., Company Guaranteed Notes, 4.375% due 8/15/28<sup>(b)</sup> | 149984 |
|  | Total Consumer Cyclical. | 10404262 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Consumer Non-cyclical - 1.7%** | **Consumer Non-cyclical - 1.7%** |  |
|  | AbbVie Inc., Senior Unsecured Notes: |  |
| $205000 | &nbsp;&nbsp;&nbsp;4.950% due 3/15/31 | $208327 |
| 50000 | &nbsp;&nbsp;&nbsp;5.200% due 3/15/35 | 50222 |
| 160000 | &nbsp;&nbsp;&nbsp;5.500% due 3/15/64 | 151763 |
| 240000 | Adani International Container Terminal Pvt Ltd., Senior Secured Notes, 3.000% due 2/16/31<sup>(b)</sup> | 210087 |
| 200000 | Adani Ports & Special Economic Zone Ltd., Senior Unsecured Notes, 3.100% due 2/2/31 | 168288 |
| 35000 | AdaptHealth LLC, Company Guaranteed Notes, 5.125% due 3/1/30<sup>(b)</sup> | 32344 |
| 165000 | Agilent Technologies Inc., Senior Unsecured Notes, 4.750% due 9/9/34 | 159209 |
| 490000 | Alcon Finance Corp., Company Guaranteed Notes, 2.750% due 9/23/26<sup>(b)</sup> | 477006 |
| 140000 | Allied Universal Holdco LLC, Senior Secured Notes, 7.875% due 2/15/31<sup>(b)</sup> | 145092 |
| 230000 | Amgen Inc., Senior Unsecured Notes, 5.750% due 3/2/63 | 217443 |
| 76000 | Avery Dennison Corp., Senior Unsecured Notes, 5.750% due 3/15/33 | 77830 |
| 179000 | Bacardi Ltd./Bacardi-Martini BV, Senior Unsecured Notes, 5.400% due 6/15/33<sup>(b)</sup> | 174440 |
| 385000 | Bacardi-Martini BV, Senior Unsecured Notes, 6.000% due 2/1/35<sup>(b)</sup> | 385579 |
|  | BAT Capital Corp., Company Guaranteed Notes: |  |
| 160000 | &nbsp;&nbsp;&nbsp;5.834% due 2/20/31 | 166703 |
| 499000 | &nbsp;&nbsp;&nbsp;5.625% due 8/15/35 | 499971 |
| 187000 | &nbsp;&nbsp;&nbsp;4.540% due 8/15/47 | 147619 |
| 170000 | Bausch + Lomb Corp., Senior Secured Notes, 8.375% due 10/1/28<sup>(b)</sup> | 175756 |
| 20000 | Bausch Health Americas Inc., Company Guaranteed Notes, 8.500% due 1/31/27<sup>(b)</sup> | 18850 |
| 35000 | Bausch Health Cos., Inc., Company Guaranteed Notes, 5.250% due 1/30/30<sup>(b)</sup> | 19866 |
| 60000 | Bausch Health Cos., Inc., Senior Secured Notes, 4.875% due 6/1/28<sup>(b)</sup> | 48975 |
|  | Biogen Inc., Senior Unsecured Notes: |  |
| 315000 | &nbsp;&nbsp;&nbsp;5.050% due 1/15/31 | 316582 |
| 265000 | &nbsp;&nbsp;&nbsp;5.750% due 5/15/35 | 266784 |
| 182000 | Bunge Ltd. Finance Corp., Company Guaranteed Notes, 4.650% due 9/17/34 | 175026 |
| 72000 | Campbell's Co., Senior Unsecured Notes, 5.400% due 3/21/34 | 71811 |
|  | Cardinal Health Inc., Senior Unsecured Notes: |  |
| 520000 | &nbsp;&nbsp;&nbsp;5.000% due 11/15/29 | 525891 |
| 340000 | &nbsp;&nbsp;&nbsp;4.900% due 9/15/45 | 290534 |
| 470000 | Cencora Inc., Senior Unsecured Notes, 4.850% due 12/15/29 | 473616 |
| 300000 | Cencosud SA, Company Guaranteed Notes, 4.375% due 7/17/27 | 295539 |
|  | Centene Corp., Senior Unsecured Notes: |  |
| 340000 | &nbsp;&nbsp;&nbsp;3.000% due 10/15/30 | 299090 |
| 105000 | &nbsp;&nbsp;&nbsp;2.500% due 3/1/31 | 89153 |
| 850000 | &nbsp;&nbsp;&nbsp;2.625% due 8/1/31 | 719964 |
| 35000 | CHS/Community Health Systems Inc., Secured Notes, 6.875% due 4/15/29<sup>(b)</sup> | 29253 |
|  | CHS/Community Health Systems Inc., Senior Secured Notes: |  |
| 70000 | &nbsp;&nbsp;&nbsp;6.000% due 1/15/29<sup>(b)</sup> | 67255 |
| 70000 | &nbsp;&nbsp;&nbsp;4.750% due 2/15/31<sup>(b)</sup> | 59917 |
| 55000 | Clarivate Science Holdings Corp., Company Guaranteed Notes, 4.875% due 7/1/29<sup>(b)</sup> | 50871 |
|  | Conagra Brands Inc., Senior Unsecured Notes: |  |
| 460000 | &nbsp;&nbsp;&nbsp;5.300% due 10/1/26 | 463435 |
| 370000 | &nbsp;&nbsp;&nbsp;4.850% due 11/1/28 | 371591 |
| 320000 | Constellation Brands Inc., Senior Unsecured Notes, 4.800% due 5/1/30 | 319702 |
| 185000 | CSL Finance PLC, Company Guaranteed Notes, 4.250% due 4/27/32<sup>(b)</sup> | 177918 |
|  | CVS Health Corp., Senior Unsecured Notes: |  |
| 135000 | &nbsp;&nbsp;&nbsp;3.250% due 8/15/29 | 126825 |
| 50000 | &nbsp;&nbsp;&nbsp;3.750% due 4/1/30 | 47315 |
| 265000 | &nbsp;&nbsp;&nbsp;1.875% due 2/28/31 | 222647 |
| 220000 | &nbsp;&nbsp;&nbsp;2.125% due 9/15/31 | 184193 |
| 55000 | Dcli Bidco LLC, 2nd Mortgage Notes, 7.750% due 11/15/29<sup>(b)</sup> | 55422 |
| 160000 | Element Fleet Management Corp., Senior Unsecured Notes, 5.037% due 3/25/30<sup>(b)</sup> | 159261 |
| 298000 | Elevance Health Inc., Senior Unsecured Notes, 5.125% due 2/15/53 | 259009 |
| 195000 | Eli Lilly & Co., Senior Unsecured Notes, 5.500% due 2/12/55 | 190749 |
| 160900 | Fideicomiso PA Pacifico Tres, Senior Secured Notes, 8.250% due 1/15/35 | 161302 |
| 154000 | Flowers Foods Inc., Senior Unsecured Notes, 5.750% due 3/15/35 | 155276 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Consumer Non-cyclical - (continued)** | **Consumer Non-cyclical - (continued)** |  |
| $115000 | Garda World Security Corp., Senior Secured Notes, 4.625% due 2/15/27<sup>(b)</sup> | $113518 |
| 85000 | Garda World Security Corp., Senior Unsecured Notes, 6.000% due 6/1/29<sup>(b)</sup> | 80843 |
| 225000 | GE HealthCare Technologies Inc., Senior Unsecured Notes, 5.905% due 11/22/32 | 236217 |
|  | Gilead Sciences Inc., Senior Unsecured Notes: |  |
| 395000 | &nbsp;&nbsp;&nbsp;4.800% due 11/15/29 | 400495 |
| 115000 | &nbsp;&nbsp;&nbsp;5.250% due 10/15/33 | 117098 |
| 305000 | Haleon US Capital LLC, Company Guaranteed Notes, 3.375% due 3/24/27 | 299905 |
| 50000 | Herc Holdings Escrow Inc., Senior Unsecured Notes, 7.000% due 6/15/30<sup>(b)</sup> | 51511 |
|  | Humana Inc., Senior Unsecured Notes: |  |
| 30000 | &nbsp;&nbsp;&nbsp;5.375% due 4/15/31 | 30192 |
| 345000 | &nbsp;&nbsp;&nbsp;5.550% due 5/1/35 | 338848 |
| 200000 | Icon Investments Six DAC, Senior Secured Notes, 5.809% due 5/8/27 | 203290 |
| 97000 | IQVIA Inc., Senior Secured Notes, 6.250% due 2/1/29 | 100500 |
|  | JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL, Company Guaranteed Notes: |  |
| 242000 | &nbsp;&nbsp;&nbsp;3.750% due 12/1/31 | 222033 |
| 115000 | &nbsp;&nbsp;&nbsp;3.625% due 1/15/32 | 103382 |
| 210000 | JBS USA LUX SARL/JBS USA Food Co./JBS USA Foods Group, Company Guaranteed Notes, 5.950% due 4/20/35<sup>(b)</sup> | 213783 |
|  | Kaiser Foundation Hospitals, Unsecured Notes: |  |
| 90000 | &nbsp;&nbsp;&nbsp;2.810% due 6/1/41 | 62429 |
| 90000 | &nbsp;&nbsp;&nbsp;3.002% due 6/1/51 | 56567 |
| 225000 | Kenvue Inc., Senior Unsecured Notes, 4.850% due 5/22/32 | 226012 |
|  | Keurig Dr Pepper Inc., Company Guaranteed Notes: |  |
| 295000 | &nbsp;&nbsp;&nbsp;4.600% due 5/15/30 | 293636 |
| 130000 | &nbsp;&nbsp;&nbsp;5.200% due 3/15/31 | 132533 |
| 285000 | Kraft Heinz Foods Co., Company Guaranteed Notes, 5.200% due 3/15/32 | 285866 |
| 160000 | Kroger Co., Senior Unsecured Notes, 5.650% due 9/15/64 | 147727 |
| 45000 | Kronos Acquisition Holdings Inc., Senior Secured Notes, 8.250% due 6/30/31<sup>(b)</sup> | 39360 |
|  | Laboratory Corp. of America Holdings, Company Guaranteed Notes: |  |
| 305000 | &nbsp;&nbsp;&nbsp;4.550% due 4/1/32 | 297781 |
| 356000 | &nbsp;&nbsp;&nbsp;4.800% due 10/1/34 | 341820 |
| 65000 | LifePoint Health Inc., Senior Unsecured Notes, 10.000% due 6/1/32<sup>(b)</sup> | 67995 |
|  | Mars Inc., Senior Unsecured Notes: |  |
| 260000 | &nbsp;&nbsp;&nbsp;4.600% due 3/1/28<sup>(b)</sup> | 261210 |
| 755000 | &nbsp;&nbsp;&nbsp;5.000% due 3/1/32<sup>(b)</sup> | 757539 |
| 2550000 | &nbsp;&nbsp;&nbsp;5.200% due 3/1/35<sup>(b)</sup> | 2540435 |
| 290000 | &nbsp;&nbsp;&nbsp;5.650% due 5/1/45<sup>(b)</sup> | 284499 |
| 305000 | &nbsp;&nbsp;&nbsp;5.700% due 5/1/55<sup>(b)</sup> | 295881 |
| 140000 | &nbsp;&nbsp;&nbsp;5.800% due 5/1/65<sup>(b)</sup> | 135828 |
| 35000 | Mavis Tire Express Services Topco Corp., Senior Unsecured Notes, 6.500% due 5/15/29<sup>(b)</sup> | 33270 |
| 105000 | Medline Borrower LP, Senior Unsecured Notes, 5.250% due 10/1/29<sup>(b)</sup> | 102612 |
| 200000 | Movida Europe SA, Company Guaranteed Notes, 7.850% due 4/11/29<sup>(b)</sup> | 178197 |
| 130000 | Pfizer Inc., Senior Unsecured Notes, 3.900% due 3/15/39 | 110361 |
|  | Philip Morris International Inc., Senior Unsecured Notes: |  |
| 480000 | &nbsp;&nbsp;&nbsp;4.375% due 11/1/27 | 480131 |
| 370000 | &nbsp;&nbsp;&nbsp;5.125% due 2/15/30 | 377958 |
| 200000 | &nbsp;&nbsp;&nbsp;5.125% due 2/13/31 | 203422 |
| 180000 | &nbsp;&nbsp;&nbsp;4.750% due 11/1/31 | 179550 |
| 530000 | &nbsp;&nbsp;&nbsp;5.375% due 2/15/33 | 540433 |
| 144000 | &nbsp;&nbsp;&nbsp;5.250% due 2/13/34 | 144903 |
| 85000 | Post Holdings Inc., Company Guaranteed Notes, 6.375% due 3/1/33<sup>(b)</sup> | 84379 |
| 60000 | Prime Security Services Borrower LLC/Prime Finance Inc., Secured Notes, 6.250% due 1/15/28<sup>(b)</sup> | 59939 |
| 85000 | Primo Water Holdings Inc./Triton Water Holdings Inc., Company Guaranteed Notes, 6.250% due 4/1/29<sup>(b)</sup> | 85115 |
| 215916 | Prumo Participacoes e Investimentos S/A, Senior Secured Notes, 7.500% due 12/31/31 | 218737 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Consumer Non-cyclical - (continued)** | **Consumer Non-cyclical - (continued)** | **Consumer Non-cyclical - (continued)** |  |
| $| 310000 | Quanta Services Inc., Senior Unsecured Notes, 5.250% due 8/9/34 | $307177 |
|  | 148000 | Quest Diagnostics Inc., Senior Unsecured Notes, 5.000% due 12/15/34 | 145268 |
|  | 28781 | Radiology Partners Inc., Secured Notes, 9.781% due 2/15/30<sup>(b)(e)</sup> | 27787 |
|  | 87758 | Radiology Partners Inc., Senior Secured Notes, 7.775% due 1/31/29<sup>(b)(e)</sup> | 88197 |
|  | 340000 | RELX Capital Inc., Company Guaranteed Notes, 4.750% due 3/27/30 | 342780 |
|  | 66000 | Rollins Inc., Company Guaranteed Notes, 5.250% due 2/24/35<sup>(b)</sup> | 65487 |
|  | 164000 | Royalty Pharma PLC, Company Guaranteed Notes, 5.400% due 9/2/34 | 163318 |
|  | 306667 | Rutas 2 & 7 Finance Ltd., Senior Secured Notes, zero coupon, due 9/30/36 | 215433 |
|  | 100000 | Select Medical Corp., Company Guaranteed Notes, 6.250% due 12/1/32<sup>(b)</sup> | 99105 |
|  | 275000 | Smith & Nephew PLC, Senior Unsecured Notes, 2.032% due 10/14/30 | 238607 |
|  | 648000 | Solventum Corp., Company Guaranteed Notes, 5.400% due 3/1/29 | 661291 |
|  | 60000 | Sotera Health Holdings LLC, Senior Secured Notes, 7.375% due 6/1/31<sup>(b)</sup> | 62323 |
|  | 90000 | Tenet Healthcare Corp., Company Guaranteed Notes, 6.125% due 10/1/28 | 90131 |
|  | 100000 | Tenet Healthcare Corp., Secured Notes, 6.250% due 2/1/27 | 100071 |
|  | 120000 | Tenet Healthcare Corp., Senior Secured Notes, 6.125% due 6/15/30 | 121176 |
|  | 325000 | Triton Container International Ltd./TAL International Container Corp., Company Guaranteed Notes, 3.250% due 3/15/32 | 274844 |
|  | 295000 | United Natural Foods Inc., Company Guaranteed Notes, 6.750% due 10/15/28<sup>(b)</sup> | 293044 |
|  |  | UnitedHealth Group Inc., Senior Unsecured Notes: |  |
|  | 35000 | &nbsp;&nbsp;&nbsp;5.300% due 2/15/30 | 35840 |
|  | 260000 | &nbsp;&nbsp;&nbsp;3.500% due 8/15/39 | 204047 |
|  | 130000 | &nbsp;&nbsp;&nbsp;2.750% due 5/15/40 | 90921 |
|  | 385000 | &nbsp;&nbsp;&nbsp;5.375% due 4/15/54 | 346533 |
|  | 85000 | &nbsp;&nbsp;&nbsp;4.950% due 5/15/62 | 69883 |
|  | 100000 | &nbsp;&nbsp;&nbsp;6.050% due 2/15/63 | 97445 |
|  | 145000 | &nbsp;&nbsp;&nbsp;5.750% due 7/15/64 | 135334 |
|  | 45000 | Upbound Group Inc., Company Guaranteed Notes, 6.375% due 2/15/29<sup>(b)</sup> | 43057 |
|  | 145000 | US Foods Inc., Company Guaranteed Notes, 5.750% due 4/15/33<sup>(b)</sup> | 142448 |
|  | 154000 | Verisk Analytics Inc., Senior Unsecured Notes, 5.250% due 6/5/34 | 154603 |
|  | 40000 | Veritiv Operating Co., Senior Secured Notes, 10.500% due 11/30/30<sup>(b)</sup> | 42544 |
|  | 2880 | Vortex Opco LLC, Senior Secured Notes, 10.538% (3-Month TSFR + 6.250%) due 4/30/30<sup>(b)(c)(d)</sup> | 2794 |
|  | 90000 | VT Topco Inc., Senior Secured Notes, 8.500% due 8/15/30<sup>(b)</sup> | 95423 |
|  | 80000 | Wand NewCo 3 Inc., Senior Secured Notes, 7.625% due 1/30/32<sup>(b)</sup> | 83224 |
|  | 145000 | Zimmer Biomet Holdings Inc., Senior Unsecured Notes, 5.200% due 9/15/34 | 143065 |
|  |  | Total Consumer Non-cyclical. | 26682241 |
| **Energy - 2.4%** | **Energy - 2.4%** | **Energy - 2.4%** |  |
|  | 230661 | Acu Petroleo Luxembourg SARL, Senior Secured Notes, 7.500% due 1/13/32 | 231958 |
|  | 167000 | Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash, Senior Secured Notes, 4.625% due 10/15/39 | 133205 |
|  | 105000 | Aethon United BR LP/Aethon United Finance Corp., Senior Unsecured Notes, 7.500% due 10/1/29<sup>(b)</sup> | 107601 |
|  |  | Aker BP ASA, Senior Unsecured Notes: |  |
|  | 150000 | &nbsp;&nbsp;&nbsp;6.000% due 6/13/33<sup>(b)</sup> | 150770 |
|  | 300000 | &nbsp;&nbsp;&nbsp;5.125% due 10/1/34<sup>(b)</sup> | 281369 |
|  | 370000 | &nbsp;&nbsp;&nbsp;5.800% due 10/1/54<sup>(b)</sup> | 323828 |
|  |  | AL Candelaria - spain- SA, Senior Secured Notes: |  |
|  | 177083 | &nbsp;&nbsp;&nbsp;7.500% due 12/15/28 | 174869 |
|  | 250000 | &nbsp;&nbsp;&nbsp;5.750% due 6/15/33<sup>(b)</sup> | 209548 |
|  | 117000 | APA Corp., Company Guaranteed Notes, 6.100% due 2/15/35<sup>(b)</sup> | 110274 |
|  | 105000 | Archrock Partners LP/Archrock Partners Finance Corp., Company Guaranteed Notes, 6.625% due 9/1/32<sup>(b)</sup> | 105552 |
|  | 50000 | Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Unsecured Notes, 7.250% due 7/15/32<sup>(b)</sup> | 51839 |
|  |  | BP Capital Markets America Inc., Company Guaranteed Notes: |  |
|  | 2920000 | &nbsp;&nbsp;&nbsp;4.812% due 2/13/33 | 2866028 |
|  | 2830000 | &nbsp;&nbsp;&nbsp;4.893% due 9/11/33 | 2782106 |
|  | 45000 | &nbsp;&nbsp;&nbsp;3.379% due 2/8/61 | 28035 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Energy - (continued)** | **Energy - (continued)** |  |
| $200000 | BPRL International Singapore Pte Ltd., Company Guaranteed Notes, 4.375% due 1/18/27 | $198277 |
| 145000 | Buckeye Partners LP, Senior Unsecured Notes, 6.875% due 7/1/29<sup>(b)</sup> | 149087 |
| 200000 | Canacol Energy Ltd., Company Guaranteed Notes, 5.750% due 11/24/28 | 88000 |
| 269000 | Cheniere Energy Inc., Senior Unsecured Notes, 4.625% due 10/15/28 | 266257 |
| 157000 | Cheniere Energy Partners LP, Company Guaranteed Notes, 4.000% due 3/1/31 | 147108 |
| 145000 | Chord Energy Corp., Company Guaranteed Notes, 6.750% due 3/15/33<sup>(b)</sup> | 143997 |
| 40000 | Civitas Resources Inc., Company Guaranteed Notes, 8.375% due 7/1/28<sup>(b)</sup> | 40300 |
| 125000 | CNX Midstream Partners LP, Company Guaranteed Notes, 4.750% due 4/15/30<sup>(b)</sup> | 115876 |
| 70000 | CNX Resources Corp., Company Guaranteed Notes, 6.000% due 1/15/29<sup>(b)</sup> | 69491 |
|  | Columbia Pipelines Holding Co. LLC, Senior Unsecured Notes: |  |
| 270000 | &nbsp;&nbsp;&nbsp;6.042% due 8/15/28<sup>(b)</sup> | 278262 |
| 120000 | &nbsp;&nbsp;&nbsp;5.097% due 10/1/31<sup>(b)</sup> | 117679 |
| 130000 | &nbsp;&nbsp;&nbsp;5.681% due 1/15/34<sup>(b)</sup> | 128552 |
|  | Columbia Pipelines Operating Co. LLC, Senior Unsecured Notes: |  |
| 270000 | &nbsp;&nbsp;&nbsp;5.927% due 8/15/30<sup>(b)</sup> | 280529 |
| 85000 | &nbsp;&nbsp;&nbsp;6.036% due 11/15/33<sup>(b)</sup> | 87491 |
|  | ConocoPhillips Co., Company Guaranteed Notes: |  |
| 115000 | &nbsp;&nbsp;&nbsp;4.700% due 1/15/30 | 115526 |
| 261000 | &nbsp;&nbsp;&nbsp;3.800% due 3/15/52 | 182688 |
| 85000 | &nbsp;&nbsp;&nbsp;5.300% due 5/15/53 | 75847 |
| 50000 | &nbsp;&nbsp;&nbsp;5.550% due 3/15/54 | 46418 |
| 245000 | &nbsp;&nbsp;&nbsp;4.025% due 3/15/62 | 169998 |
| 150000 | &nbsp;&nbsp;&nbsp;5.700% due 9/15/63 | 138125 |
| 135000 | &nbsp;&nbsp;&nbsp;5.650% due 1/15/65 | 124342 |
| 300000 | Cosan Overseas Ltd., Company Guaranteed Notes, 8.250%<sup>(f)</sup> | 299250 |
|  | Coterra Energy Inc., Senior Unsecured Notes: |  |
| 69000 | &nbsp;&nbsp;&nbsp;5.600% due 3/15/34 | 68421 |
| 491000 | &nbsp;&nbsp;&nbsp;5.400% due 2/15/35 | 476121 |
| 76000 | Devon Energy Corp., Senior Unsecured Notes, 5.750% due 9/15/54 | 66065 |
|  | Diamondback Energy Inc., Company Guaranteed Notes: |  |
| 160000 | &nbsp;&nbsp;&nbsp;5.550% due 4/1/35 | 157826 |
| 100000 | &nbsp;&nbsp;&nbsp;6.250% due 3/15/53 | 95462 |
| 120000 | &nbsp;&nbsp;&nbsp;5.750% due 4/18/54 | 107553 |
| 75000 | &nbsp;&nbsp;&nbsp;5.900% due 4/18/64 | 67113 |
| 80000 | DT Midstream Inc., Company Guaranteed Notes, 4.125% due 6/15/29<sup>(b)</sup> | 76198 |
| 163000 | Eastern Energy Gas Holdings LLC, Senior Unsecured Notes, 5.650% due 10/15/54 | 150257 |
| 550000 | Ecopetrol SA, Senior Unsecured Notes, 5.875% due 11/2/51 | 355610 |
|  | Enbridge Inc., Company Guaranteed Notes: |  |
| 35000 | &nbsp;&nbsp;&nbsp;6.000% due 11/15/28 | 36570 |
| 220000 | &nbsp;&nbsp;&nbsp;3.125% due 11/15/29 | 205372 |
| 85000 | &nbsp;&nbsp;&nbsp;5.625% due 4/5/34 | 85818 |
|  | Energy Transfer LP, Senior Unsecured Notes: |  |
| 201000 | &nbsp;&nbsp;&nbsp;3.750% due 5/15/30 | 190176 |
| 390000 | &nbsp;&nbsp;&nbsp;6.400% due 12/1/30 | 414620 |
| 3354000 | &nbsp;&nbsp;&nbsp;4.900% due 3/15/35 | 3138788 |
| 315000 | &nbsp;&nbsp;&nbsp;5.700% due 4/1/35 | 314153 |
| 1683000 | &nbsp;&nbsp;&nbsp;5.950% due 10/1/43 | 1570011 |
|  | ENI SpA, Senior Unsecured Notes: |  |
| 365000 | &nbsp;&nbsp;&nbsp;5.500% due 5/15/34<sup>(b)</sup> | 361974 |
| 200000 | &nbsp;&nbsp;&nbsp;5.750% due 5/19/35<sup>(b)</sup> | 200278 |
|  | Enterprise Products Operating LLC, Company Guaranteed Notes: |  |
| 95000 | &nbsp;&nbsp;&nbsp;3.300% due 2/15/53 | 60666 |
| 154000 | &nbsp;&nbsp;&nbsp;5.550% due 2/16/55 | 143693 |
| 180000 | EOG Resources Inc., Senior Unsecured Notes, 5.650% due 12/1/54 | 170367 |
| 210000 | Equinor ASA, Company Guaranteed Notes, 3.700% due 4/6/50 | 153017 |
|  | Expand Energy Corp., Company Guaranteed Notes: |  |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Energy - (continued)** | **Energy - (continued)** |  |
| $64000 | &nbsp;&nbsp;&nbsp;6.750% due 4/15/29<sup>(b)</sup> | $64751 |
| 82000 | &nbsp;&nbsp;&nbsp;4.750% due 2/1/32 | 77303 |
| 69000 | Florida Gas Transmission Co. LLC, Senior Unsecured Notes, 5.750% due 7/15/35<sup>(b)</sup> | 69431 |
| 105000 | Gulfport Energy Operating Corp., Company Guaranteed Notes, 6.750% due 9/1/29<sup>(b)</sup> | 106518 |
| 100000 | Harvest Midstream I LP, Senior Unsecured Notes, 7.500% due 5/15/32<sup>(b)</sup> | 102743 |
|  | Hess Corp., Senior Unsecured Notes: |  |
| 165000 | &nbsp;&nbsp;&nbsp;7.300% due 8/15/31 | 184537 |
| 323000 | &nbsp;&nbsp;&nbsp;7.125% due 3/15/33 | 359983 |
|  | Hess Midstream Operations LP, Company Guaranteed Notes: |  |
| 81000 | &nbsp;&nbsp;&nbsp;5.875% due 3/1/28<sup>(b)</sup> | 81797 |
| 95000 | &nbsp;&nbsp;&nbsp;5.500% due 10/15/30<sup>(b)</sup> | 93927 |
| 60000 | Hilcorp Energy I LP/Hilcorp Finance Co., Senior Unsecured Notes, 7.250% due 2/15/35<sup>(b)</sup> | 55587 |
| 221000 | Kinder Morgan Energy Partners LP, Company Guaranteed Notes, 6.950% due 1/15/38 | 238872 |
| 78000 | Kinetik Holdings LP, Company Guaranteed Notes, 5.875% due 6/15/30<sup>(b)</sup> | 77537 |
| 125000 | Kodiak Gas Services LLC, Company Guaranteed Notes, 7.250% due 2/15/29<sup>(b)</sup> | 128102 |
| 90000 | Matador Resources Co., Company Guaranteed Notes, 6.500% due 4/15/32<sup>(b)</sup> | 88122 |
| 55000 | MPLX LP, Senior Unsecured Notes, 2.650% due 8/15/30 | 49215 |
|  | Nabors Industries Inc., Company Guaranteed Notes: |  |
| 85000 | &nbsp;&nbsp;&nbsp;9.125% due 1/31/30<sup>(b)</sup> | 77450 |
| 25000 | &nbsp;&nbsp;&nbsp;8.875% due 8/15/31<sup>(b)</sup> | 17109 |
| 45000 | NGL Energy Operating LLC/NGL Energy Finance Corp., Senior Secured Notes, 8.125% due 2/15/29<sup>(b)</sup> | 43987 |
| 167000 | NGPL PipeCo LLC, Senior Unsecured Notes, 3.250% due 7/15/31<sup>(b)</sup> | 146015 |
| 135000 | NuStar Logistics LP, Company Guaranteed Notes, 6.000% due 6/1/26 | 135670 |
| 4720000 | Occidental Petroleum Corp., Senior Unsecured Notes, 7.150% due 5/15/28 | 4899218 |
|  | ONEOK Inc., Company Guaranteed Notes: |  |
| 79000 | &nbsp;&nbsp;&nbsp;5.375% due 6/1/29 | 80173 |
| 190000 | &nbsp;&nbsp;&nbsp;4.400% due 10/15/29 | 186961 |
| 80000 | &nbsp;&nbsp;&nbsp;4.750% due 10/15/31 | 78090 |
| 130000 | &nbsp;&nbsp;&nbsp;6.050% due 9/1/33 | 133383 |
| 350000 | &nbsp;&nbsp;&nbsp;5.050% due 11/1/34 | 333480 |
| 40000 | &nbsp;&nbsp;&nbsp;6.625% due 9/1/53 | 40345 |
| 265000 | &nbsp;&nbsp;&nbsp;5.850% due 11/1/64 | 237237 |
| 60000 | Parkland Corp., Company Guaranteed Notes, 4.625% due 5/1/30<sup>(b)</sup> | 56375 |
| 265000 | Patterson-UTI Energy Inc., Senior Unsecured Notes, 7.150% due 10/1/33 | 264682 |
| 25000 | PBF Holding Co. LLC/PBF Finance Corp., Company Guaranteed Notes, 6.000% due 2/15/28 | 23212 |
|  | Permian Resources Operating LLC, Company Guaranteed Notes: |  |
| 140000 | &nbsp;&nbsp;&nbsp;7.000% due 1/15/32<sup>(b)</sup> | 143611 |
| 142000 | &nbsp;&nbsp;&nbsp;6.250% due 2/1/33<sup>(b)</sup> | 140104 |
| 150000 | Petroleos Mexicanos, Company Guaranteed Notes, 6.750% due 9/21/47 | 101407 |
| 315000 | Shell Finance US Inc., Company Guaranteed Notes, 3.250% due 4/6/50 | 208596 |
| 20000 | Shell International Finance BV, Company Guaranteed Notes, 3.000% due 11/26/51 | 12486 |
| 65000 | Sitio Royalties Operating Partnership LP/Sitio Finance Corp., Senior Unsecured Notes, 7.875% due 11/1/28<sup>(b)</sup> | 67037 |
| 65000 | SM Energy Co., Senior Unsecured Notes, 7.000% due 8/1/32<sup>(b)</sup> | 62401 |
| 100000 | SunCoke Energy Inc., Senior Secured Notes, 4.875% due 6/30/29<sup>(b)</sup> | 91903 |
| 55000 | Sunoco LP/Sunoco Finance Corp., Company Guaranteed Notes, 6.000% due 4/15/27 | 54971 |
| 65000 | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Senior Unsecured Notes, 7.375% due 2/15/29<sup>(b)</sup> | 66112 |
|  | Targa Resources Corp., Company Guaranteed Notes: |  |
| 130000 | &nbsp;&nbsp;&nbsp;6.500% due 3/30/34 | 136694 |
| 61000 | &nbsp;&nbsp;&nbsp;5.500% due 2/15/35 | 59678 |
| 340000 | &nbsp;&nbsp;&nbsp;5.550% due 8/15/35 | 333387 |
| 455000 | Targa Resources Partners LP/Targa Resources Partners Finance Corp., Company Guaranteed Notes, 4.000% due 1/15/32 | 416060 |
| 6275000 | Tennessee Gas Pipeline Co. LLC, Company Guaranteed Notes, 2.900% due 3/1/30<sup>(b)</sup> | 5726466 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Energy - (continued)** | **Energy - (continued)** | **Energy - (continued)** |  |
|  |  | TotalEnergies Capital SA, Company Guaranteed Notes: |  |
| $| 440000 | &nbsp;&nbsp;&nbsp;5.638% due 4/5/64 | $411179 |
|  | 290000 | &nbsp;&nbsp;&nbsp;5.425% due 9/10/64 | 263069 |
|  | 155000 | Transcontinental Gas Pipe Line Co. LLC, Senior Unsecured Notes, 3.250% due 5/15/30 | 144426 |
|  | 30000 | Transocean Inc., Company Guaranteed Notes, 8.000% due 2/1/27<sup>(b)</sup> | 29329 |
|  | 60375 | Transocean Poseidon Ltd., Senior Secured Notes, 6.875% due 2/1/27<sup>(b)</sup> | 60445 |
|  | 200000 | Var Energi ASA, Senior Unsecured Notes, 5.875% due 5/22/30<sup>(b)</sup> | 202256 |
|  |  | Venture Global LNG Inc., Senior Secured Notes: |  |
|  | 95000 | &nbsp;&nbsp;&nbsp;8.125% due 6/1/28<sup>(b)</sup> | 97223 |
|  | 50000 | &nbsp;&nbsp;&nbsp;8.375% due 6/1/31<sup>(b)</sup> | 50757 |
|  | 30000 | &nbsp;&nbsp;&nbsp;9.875% due 2/1/32<sup>(b)</sup> | 31915 |
|  | 70000 | Vital Energy Inc., Company Guaranteed Notes, 7.875% due 4/15/32<sup>(b)</sup> | 56779 |
|  | 50000 | Weatherford International Ltd., Company Guaranteed Notes, 8.625% due 4/30/30<sup>(b)</sup> | 50788 |
|  |  | Whistler Pipeline LLC, Senior Unsecured Notes: |  |
|  | 10000 | &nbsp;&nbsp;&nbsp;5.400% due 9/30/29<sup>(b)</sup> | 10037 |
|  | 186000 | &nbsp;&nbsp;&nbsp;5.700% due 9/30/31<sup>(b)</sup> | 186864 |
|  | 115000 | &nbsp;&nbsp;&nbsp;5.950% due 9/30/34<sup>(b)</sup> | 114440 |
|  | 65000 | Williams Cos., Inc., Senior Unsecured Notes, 5.650% due 3/15/33 | 66556 |
|  |  | Total Energy | 37414999 |
| **Financial - 6.9%** | **Financial - 6.9%** | **Financial - 6.9%** |  |
|  | 35000 | Acrisure LLC/Acrisure Finance Inc., Senior Unsecured Notes, 6.000% due 8/1/29<sup>(b)</sup> | 33881 |
|  | 110000 | Agree LP, Company Guaranteed Notes, 5.625% due 6/15/34 | 110926 |
|  | 65000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, Senior Secured Notes, 6.500% due 10/1/31<sup>(b)</sup> | 65520 |
|  | 100000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, Senior Unsecured Notes, 6.750% due 10/15/27<sup>(b)</sup> | 99964 |
|  | 78000 | Ally Financial Inc., Senior Unsecured Notes, 5.543% (SOFRRATE + 1.730%) due 1/17/31<sup>(c)</sup> | 77851 |
|  |  | American Express Co., Senior Unsecured Notes: |  |
|  | 440000 | &nbsp;&nbsp;&nbsp;5.085% (SOFRRATE + 1.020%) due 1/30/31<sup>(c)</sup> | 446678 |
|  | 930000 | &nbsp;&nbsp;&nbsp;5.016% (SOFRRATE + 1.440%) due 4/25/31<sup>(c)</sup> | 940552 |
|  | 210000 | American Homes 4 Rent LP, Senior Unsecured Notes, 5.500% due 2/1/34 | 209572 |
|  | 67000 | American International Group Inc., Senior Unsecured Notes, 5.450% due 5/7/35 | 67368 |
|  | 75000 | American National Group Inc., Senior Unsecured Notes, 5.750% due 10/1/29 | 76277 |
|  |  | American Tower Corp., Senior Unsecured Notes: |  |
|  | 1680000 | &nbsp;&nbsp;&nbsp;3.950% due 3/15/29 | 1635028 |
|  | 90000 | &nbsp;&nbsp;&nbsp;3.800% due 8/15/29 | 86861 |
|  | 2618000 | &nbsp;&nbsp;&nbsp;2.100% due 6/15/30 | 2300894 |
|  | 39000 | &nbsp;&nbsp;&nbsp;3.700% due 10/15/49 | 27504 |
|  | 66000 | Americold Realty Operating Partnership LP, Company Guaranteed Notes, 5.600% due 5/15/32 | 65494 |
|  | 575000 | Ameriprise Financial Inc., Senior Unsecured Notes, 5.200% due 4/15/35 | 569934 |
|  | 100000 | AmWINS Group Inc., Senior Unsecured Notes, 4.875% due 6/30/29<sup>(b)</sup> | 95804 |
|  | 50000 | Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp., Secured Notes, 7.000% due 4/15/30<sup>(b)</sup> | 45676 |
|  | 20000 | Anywhere Real Estate Group LLC/Realogy Co.-Issuer Corp., Company Guaranteed Notes, 5.250% due 4/15/30<sup>(b)</sup> | 15533 |
|  | 35000 | APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Inves, Senior Unsecured Notes, 7.875% due 11/1/29<sup>(b)</sup> | 34629 |
|  |  | Arthur J Gallagher & Co., Senior Unsecured Notes: |  |
|  | 90000 | &nbsp;&nbsp;&nbsp;4.850% due 12/15/29 | 90702 |
|  | 193000 | &nbsp;&nbsp;&nbsp;5.150% due 2/15/35 | 189948 |
|  |  | Athene Global Funding, Secured Notes: |  |
|  | 698000 | &nbsp;&nbsp;&nbsp;4.721% due 10/8/29<sup>(b)</sup> | 688832 |
|  | 455000 | &nbsp;&nbsp;&nbsp;2.646% due 10/4/31<sup>(b)</sup> | 389894 |
|  | 115000 | Athene Holding Ltd., Junior Subordinated Notes, 6.625% (5-Year CMT Index + 2.607%) due 10/15/54<sup>(c)</sup> | 113084 |
|  | 101000 | Aviation Capital Group LLC, Senior Unsecured Notes, 5.375% due 7/15/29<sup>(b)</sup> | 102073 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Financial - (continued)** | **Financial - (continued)** |  |
| $262000 | Avolon Holdings Funding Ltd., Company Guaranteed Notes, 5.750% due 3/1/29<sup>(b)</sup> | $266759 |
| 55000 | Azorra Finance Ltd., Company Guaranteed Notes, 7.750% due 4/15/30<sup>(b)</sup> | 55158 |
| 200000 | Banco de Bogota SA, Subordinated Notes, 6.250% due 5/12/26 | 200357 |
| 450000 | Banco de Credito del Peru SA, Subordinated Notes, 3.250% (5-Year CMT Index + 2.450%) due 9/30/31<sup>(c)</sup> | 436379 |
| 400000 | Banco do Brasil SA, Junior Subordinated Notes, 8.748% (5-Year CMT Index + 4.398%)<sup>(c)(f)</sup> | 401988 |
| 300000 | Banco Industrial SA, Subordinated Notes, 4.875% (5-Year CMT Index + 4.442%) due 1/29/31<sup>(c)</sup> | 294000 |
|  | Banco Internacional del Peru SAA Interbank, Subordinated Notes: |  |
| 300000 | &nbsp;&nbsp;&nbsp;4.000% (5-Year CMT Index + 3.711%) due 7/8/30<sup>(c)</sup> | 299289 |
| 150000 | &nbsp;&nbsp;&nbsp;6.397% (5-Year CMT Index + 2.067%) due 4/30/35<sup>(b)(c)</sup> | 151965 |
| 84000 | Bank of America Corp., Junior Subordinated Notes, 6.625% (5-Year CMT Index + 2.684%)<sup>(c)(f)</sup> | 85331 |
|  | Bank of America Corp., Senior Unsecured Notes: |  |
| 245000 | &nbsp;&nbsp;&nbsp;3.974% (3-Month TSFR + 1.472%) due 2/7/30<sup>(c)</sup> | 238940 |
| 155000 | &nbsp;&nbsp;&nbsp;5.162% (SOFRRATE + 1.000%) due 1/24/31<sup>(c)</sup> | 157297 |
| 685000 | &nbsp;&nbsp;&nbsp;2.592% (SOFRRATE + 2.150%) due 4/29/31<sup>(c)</sup> | 618037 |
| 200000 | &nbsp;&nbsp;&nbsp;1.898% (SOFRRATE + 1.530%) due 7/23/31<sup>(c)</sup> | 173135 |
| 5175000 | &nbsp;&nbsp;&nbsp;1.922% (SOFRRATE + 1.370%) due 10/24/31<sup>(c)</sup> | 4454558 |
| 2615000 | &nbsp;&nbsp;&nbsp;2.687% (SOFRRATE + 1.320%) due 4/22/32<sup>(c)</sup> | 2309508 |
| 335000 | &nbsp;&nbsp;&nbsp;2.972% (SOFRRATE + 1.330%) due 2/4/33<sup>(c)</sup> | 295268 |
| 114000 | &nbsp;&nbsp;&nbsp;5.468% (SOFRRATE + 1.650%) due 1/23/35<sup>(c)</sup> | 115192 |
|  | Bank of America Corp., Subordinated Notes: |  |
| 390000 | &nbsp;&nbsp;&nbsp;5.518% (SOFRRATE + 1.738%) due 10/25/35<sup>(c)</sup> | 382815 |
| 132000 | &nbsp;&nbsp;&nbsp;5.744% (SOFRRATE + 1.697%) due 2/12/36<sup>(c)</sup> | 131248 |
| 335000 | &nbsp;&nbsp;&nbsp;2.482% (5-Year CMT Index + 1.200%) due 9/21/36<sup>(c)</sup> | 280036 |
| 133000 | Bank of New York Mellon Corp., Junior Subordinated Notes, 6.300% (5-Year CMT Index + 2.297%)<sup>(c)(f)</sup> | 135691 |
|  | Bank of New York Mellon Corp., Senior Unsecured Notes: |  |
| 360000 | &nbsp;&nbsp;&nbsp;5.060% (SOFRRATE + 1.230%) due 7/22/32<sup>(c)</sup> | 363902 |
| 150000 | &nbsp;&nbsp;&nbsp;5.188% (SOFRRATE + 1.418%) due 3/14/35<sup>(c)</sup> | 149904 |
|  | Barclays PLC, Senior Unsecured Notes: |  |
| 5000000 | &nbsp;&nbsp;&nbsp;4.972% (3-Month USD-SOFR + 1.902%) due 5/16/29<sup>(c)</sup> | 5022508 |
| 205000 | &nbsp;&nbsp;&nbsp;4.942% (SOFRRATE + 1.560%) due 9/10/30<sup>(c)</sup> | 204643 |
| 396000 | Blackstone Holdings Finance Co. LLC, Company Guaranteed Notes, 2.000% due 1/30/32<sup>(b)</sup> | 326977 |
| 280000 | BNP Paribas SA, Senior Non-Preferred Notes, 5.283% (SOFRRATE + 1.280%) due 11/19/30<sup>(b)(c)</sup> | 282700 |
| 375000 | BNP Paribas SA, Subordinated Notes, 5.906% (SOFRRATE + 1.920%) due 11/19/35<sup>(b)(c)</sup> | 372844 |
|  | BPCE SA, Senior Non-Preferred Notes: |  |
| 250000 | &nbsp;&nbsp;&nbsp;4.625% due 9/12/28<sup>(b)</sup> | 247979 |
| 550000 | &nbsp;&nbsp;&nbsp;5.876% (SOFRRATE + 1.680%) due 1/14/31<sup>(b)(c)</sup> | 565401 |
| 385000 | &nbsp;&nbsp;&nbsp;5.389% (SOFRRATE + 1.581%) due 5/28/31<sup>(b)(c)</sup> | 388261 |
| 470000 | BPCE SA, Subordinated Notes, 6.508% (SOFRRATE + 2.791%) due 1/18/35<sup>(b)(c)</sup> | 481427 |
| 160000 | Brookfield Finance Inc., Company Guaranteed Notes, 5.813% due 3/3/55 | 151654 |
| 156000 | Canadian Imperial Bank of Commerce, Senior Unsecured Notes, 5.245% (SOFRRATE + 1.105%) due 1/13/31<sup>(c)</sup> | 158506 |
|  | Capital One Financial Corp., Senior Unsecured Notes: |  |
| 800000 | &nbsp;&nbsp;&nbsp;7.624% (SOFRRATE + 3.070%) due 10/30/31<sup>(c)</sup> | 892194 |
| 125000 | &nbsp;&nbsp;&nbsp;6.051% (SOFRRATE + 2.260%) due 2/1/35<sup>(c)</sup> | 128279 |
| 110000 | Capital One Financial Corp., Subordinated Notes, 6.183% (SOFRRATE + 2.036%) due 1/30/36<sup>(c)</sup> | 109181 |
| 530000 | Citibank NA, Senior Unsecured Notes, 4.914% due 5/29/30 | 534511 |
|  | Citigroup Inc., Senior Unsecured Notes: |  |
| 135000 | &nbsp;&nbsp;&nbsp;5.174% (SOFRRATE + 1.364%) due 2/13/30<sup>(c)</sup> | 136735 |
| 565000 | &nbsp;&nbsp;&nbsp;4.952% (SOFRRATE + 1.463%) due 5/7/31<sup>(c)</sup> | 564614 |
| 6930000 | &nbsp;&nbsp;&nbsp;2.520% (SOFRRATE + 1.177%) due 11/3/32<sup>(c)</sup> | 5963313 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Financial - (continued)** | **Financial - (continued)** |  |
| $76000 | Citigroup Inc., Subordinated Notes, 6.174% (SOFRRATE + 2.661%) due 5/25/34<sup>(c)</sup> | $77878 |
|  | Citizens Financial Group Inc., Senior Unsecured Notes: |  |
| 265000 | &nbsp;&nbsp;&nbsp;5.253% (SOFRRATE + 1.259%) due 3/5/31<sup>(c)</sup> | 265276 |
| 100000 | &nbsp;&nbsp;&nbsp;5.718% (SOFRRATE + 1.910%) due 7/23/32<sup>(c)</sup> | 102086 |
| 370000 | CNO Global Funding, Secured Notes, 4.875% due 12/10/27<sup>(b)</sup> | 371004 |
| 77000 | Comerica Inc., Senior Unsecured Notes, 5.982% (SOFRRATE + 2.155%) due 1/30/30<sup>(c)</sup> | 78260 |
| 665000 | Credit Agricole SA, Senior Non-Preferred Notes, 5.222% (SOFRRATE + 1.460%) due 5/27/31<sup>(b)(c)</sup> | 670838 |
|  | Crown Castle Inc., Senior Unsecured Notes: |  |
| 45000 | &nbsp;&nbsp;&nbsp;3.800% due 2/15/28 | 43962 |
| 110000 | &nbsp;&nbsp;&nbsp;4.800% due 9/1/28 | 109976 |
| 185000 | &nbsp;&nbsp;&nbsp;3.100% due 11/15/29 | 172185 |
| 115000 | &nbsp;&nbsp;&nbsp;2.100% due 4/1/31 | 97149 |
| 200000 | DBS Group Holdings Ltd., Subordinated Notes, 1.822% (5-Year CMT Index + 1.100%) due 3/10/31<sup>(c)</sup> | 195637 |
| 755000 | Deutsche Bank AG, Senior Non-Preferred Notes, 5.297% (SOFRRATE + 1.720%) due 5/9/31<sup>(c)</sup> | 756044 |
|  | Equinix Inc., Senior Unsecured Notes: |  |
| 157000 | &nbsp;&nbsp;&nbsp;3.900% due 4/15/32 | 147458 |
| 275000 | &nbsp;&nbsp;&nbsp;2.950% due 9/15/51 | 164584 |
| 250000 | Equitable Financial Life Global Funding, Secured Notes, 5.000% due 3/27/30<sup>(b)</sup> | 251529 |
| 80000 | Equitable Holdings Inc., Senior Unsecured Notes, 4.350% due 4/20/28 | 79459 |
| 144000 | Extra Space Storage LP, Company Guaranteed Notes, 5.400% due 2/1/34 | 143161 |
| 207000 | First Industrial LP, Company Guaranteed Notes, 5.250% due 1/15/31 | 207225 |
| 60000 | Freedom Mortgage Holdings LLC, Senior Unsecured Notes, 8.375% due 4/1/32<sup>(b)</sup> | 59260 |
| 105000 | GGAM Finance Ltd., Company Guaranteed Notes, 6.875% due 4/15/29<sup>(b)</sup> | 106962 |
| 285000 | Global Aircraft Leasing Co., Ltd., Senior Secured Notes, 8.750% due 9/1/27<sup>(b)</sup> | 288202 |
| 190000 | GLP Capital LP/GLP Financing II Inc., Company Guaranteed Notes, 5.300% due 1/15/29 | 190313 |
|  | Goldman Sachs Group Inc., Senior Unsecured Notes: |  |
| 510000 | &nbsp;&nbsp;&nbsp;5.049% (SOFRRATE + 1.210%) due 7/23/30<sup>(c)</sup> | 514357 |
| 535000 | &nbsp;&nbsp;&nbsp;4.692% (SOFRRATE + 1.135%) due 10/23/30<sup>(c)</sup> | 533083 |
| 245000 | &nbsp;&nbsp;&nbsp;5.207% (SOFRRATE + 1.078%) due 1/28/31<sup>(c)</sup> | 248436 |
| 360000 | &nbsp;&nbsp;&nbsp;5.218% (SOFRRATE + 1.580%) due 4/23/31<sup>(c)</sup> | 365247 |
| 55000 | &nbsp;&nbsp;&nbsp;2.615% (SOFRRATE + 1.281%) due 4/22/32<sup>(c)</sup> | 48232 |
| 155000 | &nbsp;&nbsp;&nbsp;5.330% (SOFRRATE + 1.550%) due 7/23/35<sup>(c)</sup> | 153686 |
| 45000 | &nbsp;&nbsp;&nbsp;5.016% (SOFRRATE + 1.420%) due 10/23/35<sup>(c)</sup> | 43549 |
| 141000 | Guardian Life Global Funding, Secured Notes, 4.798% due 4/28/30<sup>(b)</sup> | 142087 |
| 65000 | Hightower Holding LLC, Company Guaranteed Notes, 6.750% due 4/15/29<sup>(b)</sup> | 64098 |
|  | HSBC Holdings PLC, Senior Unsecured Notes: |  |
| 360000 | &nbsp;&nbsp;&nbsp;5.286% (SOFRRATE + 1.290%) due 11/19/30<sup>(c)</sup> | 363576 |
| 430000 | &nbsp;&nbsp;&nbsp;5.130% (SOFRRATE + 1.290%) due 3/3/31<sup>(c)</sup> | 431093 |
| 600000 | &nbsp;&nbsp;&nbsp;5.240% (SOFRRATE + 1.570%) due 5/13/31<sup>(c)</sup> | 602706 |
| 200000 | &nbsp;&nbsp;&nbsp;2.848% (SOFRRATE + 2.387%) due 6/4/31<sup>(c)</sup> | 180311 |
| 65000 | HUB International Ltd., Senior Secured Notes, 7.250% due 6/15/30<sup>(b)</sup> | 67692 |
|  | Huntington Bancshares Inc., Senior Unsecured Notes: |  |
| 88000 | &nbsp;&nbsp;&nbsp;5.272% (SOFRRATE + 1.276%) due 1/15/31<sup>(c)</sup> | 88953 |
| 76000 | &nbsp;&nbsp;&nbsp;5.709% (SOFRRATE + 1.870%) due 2/2/35<sup>(c)</sup> | 76463 |
| 200000 | InRetail Shopping Malls, Company Guaranteed Notes, 5.750% due 4/3/28 | 199099 |
|  | Iron Mountain Inc., Company Guaranteed Notes: |  |
| 80000 | &nbsp;&nbsp;&nbsp;7.000% due 2/15/29<sup>(b)</sup> | 82653 |
| 20000 | &nbsp;&nbsp;&nbsp;6.250% due 1/15/33<sup>(b)</sup> | 20188 |
|  | JPMorgan Chase & Co., Senior Unsecured Notes: |  |
| 555000 | &nbsp;&nbsp;&nbsp;4.505% (SOFRRATE + 0.860%) due 10/22/28<sup>(c)</sup> | 553860 |
| 340000 | &nbsp;&nbsp;&nbsp;5.299% (SOFRRATE + 1.450%) due 7/24/29<sup>(c)</sup> | 346893 |
| 485000 | &nbsp;&nbsp;&nbsp;5.581% (SOFRRATE + 1.160%) due 4/22/30<sup>(c)</sup> | 500643 |
| 565000 | &nbsp;&nbsp;&nbsp;4.995% (SOFRRATE + 1.125%) due 7/22/30<sup>(c)</sup> | 570275 |
| 318000 | &nbsp;&nbsp;&nbsp;5.140% (SOFRRATE + 1.010%) due 1/24/31<sup>(c)</sup> | 322936 |
| 531000 | &nbsp;&nbsp;&nbsp;5.103% (SOFRRATE + 1.435%) due 4/22/31<sup>(c)</sup> | 538704 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Financial - (continued)** | **Financial - (continued)** |  |
| $5350000 | &nbsp;&nbsp;&nbsp;2.545% (SOFRRATE + 1.180%) due 11/8/32<sup>(c)</sup> | $4636174 |
| 2025000 | &nbsp;&nbsp;&nbsp;5.336% (SOFRRATE + 1.620%) due 1/23/35<sup>(c)</sup> | 2037514 |
| 1821000 | &nbsp;&nbsp;&nbsp;5.294% (SOFRRATE + 1.460%) due 7/22/35<sup>(c)</sup> | 1817519 |
| 95000 | &nbsp;&nbsp;&nbsp;4.946% (SOFRRATE + 1.340%) due 10/22/35<sup>(c)</sup> | 92184 |
| 90000 | LFS Topco LLC, Company Guaranteed Notes, 5.875% due 10/15/26<sup>(b)</sup> | 89176 |
| 180000 | Lincoln Financial Global Funding, Secured Notes, 4.625% due 5/28/28<sup>(b)</sup> | 180364 |
|  | Macquarie Airfinance Holdings Ltd., Senior Unsecured Notes: |  |
| 80000 | &nbsp;&nbsp;&nbsp;5.200% due 3/27/28<sup>(b)</sup> | 80235 |
| 71000 | &nbsp;&nbsp;&nbsp;6.400% due 3/26/29<sup>(b)</sup> | 73411 |
| 18000 | &nbsp;&nbsp;&nbsp;5.150% due 3/17/30<sup>(b)</sup> | 17730 |
| 35000 | &nbsp;&nbsp;&nbsp;6.500% due 3/26/31<sup>(b)</sup> | 36376 |
| 105000 | Marsh & McLennan Cos., Inc., Senior Unsecured Notes, 4.750% due 3/15/39 | 97737 |
| 324000 | Massachusetts Mutual Life Insurance Co., Subordinated Notes, 3.375% due 4/15/50<sup>(b)</sup> | 215540 |
| 132000 | MetLife Inc., Subordinated Notes, 6.350% (5-Year CMT Index + 2.078%) due 3/15/55<sup>(c)</sup> | 132782 |
|  | Morgan Stanley, Senior Unsecured Notes: |  |
| 35000 | &nbsp;&nbsp;&nbsp;5.449% (SOFRRATE + 1.630%) due 7/20/29<sup>(c)</sup> | 35800 |
| 330000 | &nbsp;&nbsp;&nbsp;4.654% (SOFRRATE + 1.100%) due 10/18/30<sup>(c)</sup> | 327799 |
| 15000 | &nbsp;&nbsp;&nbsp;5.230% (SOFRRATE + 1.108%) due 1/15/31<sup>(c)</sup> | 15222 |
| 1515000 | &nbsp;&nbsp;&nbsp;2.699% (SOFRRATE + 1.143%) due 1/22/31<sup>(c)</sup> | 1382058 |
| 65000 | &nbsp;&nbsp;&nbsp;2.511% (SOFRRATE + 1.200%) due 10/20/32<sup>(c)</sup> | 55968 |
| 3485000 | &nbsp;&nbsp;&nbsp;5.831% (SOFRRATE + 1.580%) due 4/19/35<sup>(c)</sup> | 3593318 |
| 3055000 | &nbsp;&nbsp;&nbsp;5.320% (SOFRRATE + 1.555%) due 7/19/35<sup>(c)</sup> | 3035083 |
|  | Morgan Stanley, Subordinated Notes: |  |
| 77000 | &nbsp;&nbsp;&nbsp;5.948% (5-Year CMT Index + 2.430%) due 1/19/38<sup>(c)</sup> | 77681 |
| 151000 | &nbsp;&nbsp;&nbsp;5.942% (5-Year CMT Index + 1.800%) due 2/7/39<sup>(c)</sup> | 152404 |
| 145000 | Nationstar Mortgage Holdings Inc., Company Guaranteed Notes, 5.750% due 11/15/31<sup>(b)</sup> | 145228 |
|  | Navient Corp., Senior Unsecured Notes: |  |
| 30000 | &nbsp;&nbsp;&nbsp;5.000% due 3/15/27 | 29695 |
| 30000 | &nbsp;&nbsp;&nbsp;7.875% due 6/15/32 | 30256 |
|  | Omega Healthcare Investors Inc., Company Guaranteed Notes: |  |
| 76000 | &nbsp;&nbsp;&nbsp;4.750% due 1/15/28 | 76051 |
| 92000 | &nbsp;&nbsp;&nbsp;3.250% due 4/15/33 | 77777 |
|  | OneMain Finance Corp., Company Guaranteed Notes: |  |
| 115000 | &nbsp;&nbsp;&nbsp;7.125% due 3/15/26 | 116557 |
| 125000 | &nbsp;&nbsp;&nbsp;7.500% due 5/15/31 | 128481 |
| 35000 | &nbsp;&nbsp;&nbsp;7.125% due 9/15/32 | 35218 |
| 2420000 | Ontario Teachers' Cadillac Fairview Properties Trust, Senior Unsecured Notes, 2.500% due 10/15/31<sup>(b)</sup> | 2094664 |
| 200000 | Oversea-Chinese Banking Corp., Ltd, Subordinated Notes, 4.602% (5-Year CMT Index + 1.575%) due 6/15/32<sup>(c)</sup> | 199082 |
| 90000 | Panther Escrow Issuer LLC, Senior Secured Notes, 7.125% due 6/1/31<sup>(b)</sup> | 93105 |
| 155000 | Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer, Company Guaranteed Notes, 7.000% due 2/1/30<sup>(b)</sup> | 156138 |
|  | PennyMac Financial Services Inc., Company Guaranteed Notes: |  |
| 45000 | &nbsp;&nbsp;&nbsp;4.250% due 2/15/29<sup>(b)</sup> | 42719 |
| 80000 | &nbsp;&nbsp;&nbsp;7.875% due 12/15/29<sup>(b)</sup> | 84262 |
| 35000 | &nbsp;&nbsp;&nbsp;6.875% due 5/15/32<sup>(b)</sup> | 35165 |
| 159000 | Phillips Edison Grocery Center Operating Partnership I LP, Company Guaranteed Notes, 5.750% due 7/15/34 | 160197 |
| 3610000 | PNC Financial Services Group Inc., Senior Unsecured Notes, 5.068% (SOFRRATE + 1.933%) due 1/24/34<sup>(c)</sup> | 3566993 |
| 150000 | Pricoa Global Funding I, Secured Notes, 4.700% due 5/28/30<sup>(b)</sup> | 150570 |
| 215000 | Protective Life Global Funding, Secured Notes, 4.803% due 6/5/30<sup>(b)</sup> | 215275 |
| 99000 | Prudential Financial Inc., Senior Unsecured Notes, 5.200% due 3/14/35 | 98486 |
| 363000 | Realty Income Corp., Senior Unsecured Notes, 5.125% due 4/15/35 | 358845 |
| 80000 | RHP Hotel Properties LP/RHP Finance Corp., Company Guaranteed Notes, 6.500% due 6/15/33<sup>(b)</sup> | 81361 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Financial - (continued)** | **Financial - (continued)** | **Financial - (continued)** |  |
|  |  | Royal Bank of Canada, Senior Unsecured Notes: |  |
| $| 475000 | &nbsp;&nbsp;&nbsp;5.153% (SOFRRATE + 1.030%) due 2/4/31<sup>(c)</sup> | $481764 |
|  | 72000 | &nbsp;&nbsp;&nbsp;5.150% due 2/1/34 | 72683 |
|  | 101000 | Santander Holdings USA Inc., Senior Unsecured Notes, 5.473% (SOFRRATE + 1.610%) due 3/20/29<sup>(c)</sup> | 101814 |
|  | 3415000 | SBA Tower Trust, Asset Backed, 1.631% due 11/15/26<sup>(b)</sup> | 3245948 |
|  |  | Service Properties Trust, Company Guaranteed Notes: |  |
|  | 25000 | &nbsp;&nbsp;&nbsp;5.500% due 12/15/27 | 24125 |
|  | 40000 | &nbsp;&nbsp;&nbsp;8.875% due 6/15/32 | 39992 |
|  | 1255000 | Simon Property Group LP, Senior Unsecured Notes, 2.200% due 2/1/31 | 1098338 |
|  | 360000 | Societe Generale SA, Senior Non-Preferred Notes, 5.249% (SOFRRATE + 1.420%) due 5/22/29<sup>(b)(c)</sup> | 361627 |
|  |  | Starwood Property Trust Inc., Senior Unsecured Notes: |  |
|  | 70000 | &nbsp;&nbsp;&nbsp;7.250% due 4/1/29<sup>(b)</sup> | 72770 |
|  | 35000 | &nbsp;&nbsp;&nbsp;6.000% due 4/15/30<sup>(b)</sup> | 34899 |
|  | 142000 | State Street Corp., Senior Unsecured Notes, 4.543% (SOFRRATE + 0.950%) due 4/24/28<sup>(c)</sup> | 142317 |
|  | 170000 | Sun Communities Operating LP, Company Guaranteed Notes, 2.700% due 7/15/31 | 148091 |
|  |  | Truist Financial Corp., Senior Unsecured Notes: |  |
|  | 66000 | &nbsp;&nbsp;&nbsp;7.161% (SOFRRATE + 2.446%) due 10/30/29<sup>(c)</sup> | 71052 |
|  | 145000 | &nbsp;&nbsp;&nbsp;5.153% (SOFRRATE + 1.571%) due 8/5/32<sup>(c)</sup> | 145800 |
|  | 3295000 | &nbsp;&nbsp;&nbsp;5.122% (SOFRRATE + 1.852%) due 1/26/34<sup>(c)</sup> | 3230392 |
|  |  | UBS Group AG, Senior Unsecured Notes: |  |
|  | 3400000 | &nbsp;&nbsp;&nbsp;3.091% (SOFRRATE + 1.730%) due 5/14/32<sup>(b)(c)</sup> | 3043657 |
|  | 3600000 | &nbsp;&nbsp;&nbsp;2.746% (1-Year CMT Index + 1.100%) due 2/11/33<sup>(b)(c)</sup> | 3089437 |
|  | 5160000 | UDR Inc., Company Guaranteed Notes, 3.200% due 1/15/30 | 4858393 |
|  | 63000 | Uniti Group LP/Uniti Group Finance 2019 Inc./CSL Capital LLC, Senior Secured Notes, 10.500% due 2/15/28<sup>(b)</sup> | 66835 |
|  | 1145000 | US Bancorp, Senior Unsecured Notes, 4.839% (SOFRRATE + 1.600%) due 2/1/34<sup>(c)</sup> | 1110488 |
|  | 3254000 | US Bancorp, Subordinated Notes, 2.491% (5-Year CMT Index + 0.950%) due 11/3/36<sup>(c)</sup> | 2708765 |
|  | 316000 | VICI Properties LP/VICI Note Co., Inc., Company Guaranteed Notes, 4.625% due 12/1/29<sup>(b)</sup> | 306484 |
|  | 60000 | Walker & Dunlop Inc., Company Guaranteed Notes, 6.625% due 4/1/33<sup>(b)</sup> | 60755 |
|  |  | Wells Fargo & Co., Senior Unsecured Notes: |  |
|  | 270000 | &nbsp;&nbsp;&nbsp;3.000% due 4/22/26 | 266329 |
|  | 225000 | &nbsp;&nbsp;&nbsp;5.244% (SOFRRATE + 1.110%) due 1/24/31<sup>(c)</sup> | 228351 |
|  | 130000 | &nbsp;&nbsp;&nbsp;2.572% (3-Month TSFR + 1.262%) due 2/11/31<sup>(c)</sup> | 117446 |
|  | 592000 | &nbsp;&nbsp;&nbsp;5.150% (SOFRRATE + 1.500%) due 4/23/31<sup>(c)</sup> | 599087 |
|  | 900000 | &nbsp;&nbsp;&nbsp;3.350% (SOFRRATE + 1.500%) due 3/2/33<sup>(c)</sup> | 807231 |
|  | 5870000 | &nbsp;&nbsp;&nbsp;5.389% (SOFRRATE + 2.020%) due 4/24/34<sup>(c)</sup> | 5895092 |
|  | 205000 | &nbsp;&nbsp;&nbsp;6.491% (SOFRRATE + 2.060%) due 10/23/34<sup>(c)</sup> | 219871 |
|  | 195000 | &nbsp;&nbsp;&nbsp;5.013% (3-Month TSFR + 4.502%) due 4/4/51<sup>(c)</sup> | 171100 |
|  | 255000 | XHR LP, Company Guaranteed Notes, 6.625% due 5/15/30<sup>(b)</sup> | 255543 |
|  |  | Total Financial | 107980907 |
| **Industrial - 1.2%** | **Industrial - 1.2%** | **Industrial - 1.2%** |  |
|  | 70000 | AAR Escrow Issuer LLC, Company Guaranteed Notes, 6.750% due 3/15/29<sup>(b)</sup> | 71726 |
|  | 110000 | Advanced Drainage Systems Inc., Company Guaranteed Notes, 6.375% due 6/15/30<sup>(b)</sup> | 111349 |
|  | 72000 | Amphenol Corp., Senior Unsecured Notes, 5.375% due 11/15/54 | 68678 |
|  | 40000 | Arcosa Inc., Company Guaranteed Notes, 6.875% due 8/15/32<sup>(b)</sup> | 41020 |
|  | 170000 | Arrow Electronics Inc., Senior Unsecured Notes, 5.150% due 8/21/29 | 171765 |
|  | 15000 | Artera Services LLC, Senior Secured Notes, 8.500% due 2/15/31<sup>(b)</sup> | 12747 |
|  | 297000 | Avnet Inc., Senior Unsecured Notes, 6.250% due 3/15/28 | 306710 |
|  | 385000 | BAE Systems PLC, Senior Unsecured Notes, 5.125% due 3/26/29<sup>(b)</sup> | 392203 |
|  | 141000 | Berry Global Inc., Senior Secured Notes, 5.800% due 6/15/31 | 146363 |
|  | 356304 | Bioceanico Sovereign Certificate Ltd., Senior Secured Notes, zero coupon, due 6/5/34 | 280447 |
|  |  | Boeing Co., Senior Unsecured Notes: |  |
|  | 125000 | &nbsp;&nbsp;&nbsp;3.200% due 3/1/29 | 118262 |
|  | 126000 | &nbsp;&nbsp;&nbsp;2.950% due 2/1/30 | 115586 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Industrial - (continued)** | **Industrial - (continued)** |  |
| $150000 | &nbsp;&nbsp;&nbsp;5.150% due 5/1/30 | $151315 |
| 110000 | &nbsp;&nbsp;&nbsp;6.388% due 5/1/31 | 117367 |
| 55000 | &nbsp;&nbsp;&nbsp;6.528% due 5/1/34 | 58705 |
| 20000 | Brand Industrial Services Inc., Senior Secured Notes, 10.375% due 8/1/30<sup>(b)</sup> | 17939 |
|  | Builders FirstSource Inc., Company Guaranteed Notes: |  |
| 65000 | &nbsp;&nbsp;&nbsp;6.375% due 3/1/34<sup>(b)</sup> | 64762 |
| 50000 | &nbsp;&nbsp;&nbsp;6.750% due 5/15/35<sup>(b)</sup> | 50285 |
| 142000 | Burlington Northern Santa Fe LLC, Senior Unsecured Notes, 5.500% due 3/15/55 | 137415 |
| 470000 | Caterpillar Financial Services Corp., Senior Unsecured Notes, 4.700% due 11/15/29 | 476281 |
| 171000 | CCL Industries Inc., Senior Unsecured Notes, 3.050% due 6/1/30<sup>(b)</sup> | 155897 |
| 200000 | Cemex SAB de CV, Subordinated Notes, 5.125% (5-Year CMT Index + 4.534%)<sup>(c)(f)</sup> | 197849 |
| 95000 | Clydesdale Acquisition Holdings Inc., Senior Secured Notes, 6.750% due 4/15/32<sup>(b)</sup> | 96005 |
| 15000 | Cornerstone Building Brands Inc., Company Guaranteed Notes, 6.125% due 1/15/29<sup>(b)</sup> | 10888 |
| 55000 | Cornerstone Building Brands Inc., Senior Secured Notes, 9.500% due 8/15/29<sup>(b)</sup> | 48869 |
|  | CSX Corp., Senior Unsecured Notes: |  |
| 47000 | &nbsp;&nbsp;&nbsp;5.050% due 6/15/35 | 46406 |
| 362000 | &nbsp;&nbsp;&nbsp;3.350% due 9/15/49 | 245769 |
| 115000 | EMRLD Borrower LP/Emerald Co.-Issuer Inc., Senior Secured Notes, 6.625% due 12/15/30<sup>(b)</sup> | 116163 |
| 50000 | Fortress Transportation & Infrastructure Investors LLC, Company Guaranteed Notes, 5.875% due 4/15/33<sup>(b)</sup> | 48269 |
| 90000 | GATX Corp., Senior Unsecured Notes, 5.500% due 6/15/35 | 89282 |
| 200000 | GCC SAB de CV, Company Guaranteed Notes, 3.614% due 4/20/32 | 174514 |
| 210000 | Genesee & Wyoming Inc., Senior Secured Notes, 6.250% due 4/15/32<sup>(b)</sup> | 213276 |
| 55000 | Goat Holdco LLC, Senior Secured Notes, 6.750% due 2/1/32<sup>(b)</sup> | 54788 |
| 30000 | GrafTech Finance Inc., Secured Notes, 4.625% due 12/23/29<sup>(b)</sup> | 18720 |
| 115000 | Griffon Corp., Company Guaranteed Notes, 5.750% due 3/1/28 | 114307 |
| 90000 | Hexcel Corp., Senior Unsecured Notes, 5.875% due 2/26/35 | 89844 |
| 68000 | Holcim Finance US LLC, Company Guaranteed Notes, 4.950% due 4/7/30<sup>(b)</sup> | 68437 |
| 155000 | Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC, Senior Secured Notes, 9.000% due 2/15/29<sup>(b)</sup> | 158411 |
| 271000 | Jacobs Engineering Group Inc., Company Guaranteed Notes, 5.900% due 3/1/33 | 278052 |
|  | L3Harris Technologies Inc., Senior Unsecured Notes: |  |
| 140000 | &nbsp;&nbsp;&nbsp;5.050% due 6/1/29 | 142149 |
| 156000 | &nbsp;&nbsp;&nbsp;5.500% due 8/15/54 | 146671 |
|  | Lima Metro Line 2 Finance Ltd., Senior Secured Notes: |  |
| 238596 | &nbsp;&nbsp;&nbsp;5.875% due 7/5/34 | 239786 |
| 158638 | &nbsp;&nbsp;&nbsp;4.350% due 4/5/36 | 147255 |
| 145000 | Madison IAQ LLC, Senior Unsecured Notes, 5.875% due 6/30/29<sup>(b)</sup> | 140260 |
| 153000 | MasTec Inc., Senior Unsecured Notes, 5.900% due 6/15/29 | 156991 |
| 105000 | Miter Brands Acquisition Holdco Inc./MIWD Borrower LLC, Senior Secured Notes, 6.750% due 4/1/32<sup>(b)</sup> | 105790 |
| 158000 | Molex Electronic Technologies LLC, Senior Unsecured Notes, 5.250% due 4/30/32<sup>(b)</sup> | 157907 |
| 300840 | MV24 Capital BV, Senior Secured Notes, 6.748% due 6/1/34 | 288602 |
| 90000 | Norfolk Southern Corp., Senior Unsecured Notes, 5.100% due 5/1/35 | 88899 |
|  | Northrop Grumman Corp., Senior Unsecured Notes: |  |
| 150000 | &nbsp;&nbsp;&nbsp;4.650% due 7/15/30 | 150450 |
| 335000 | &nbsp;&nbsp;&nbsp;5.150% due 5/1/40 | 320539 |
| 265000 | &nbsp;&nbsp;&nbsp;5.200% due 6/1/54 | 241066 |
|  | Otis Worldwide Corp., Senior Unsecured Notes: |  |
| 665000 | &nbsp;&nbsp;&nbsp;2.565% due 2/15/30 | 606468 |
| 70000 | &nbsp;&nbsp;&nbsp;5.125% due 11/19/31 | 70971 |
| 143000 | Owens Corning, Senior Unsecured Notes, 5.700% due 6/15/34 | 145969 |
|  | Penske Truck Leasing Co. LP/PTL Finance Corp., Senior Unsecured Notes: |  |
| 35000 | &nbsp;&nbsp;&nbsp;5.750% due 5/24/26<sup>(b)</sup> | 35296 |
| 170000 | &nbsp;&nbsp;&nbsp;6.050% due 8/1/28<sup>(b)</sup> | 176269 |
| 311000 | &nbsp;&nbsp;&nbsp;5.250% due 2/1/30<sup>(b)</sup> | 315918 |
| 85000 | Quikrete Holdings Inc., Senior Unsecured Notes, 6.750% due 3/1/33<sup>(b)</sup> | 86253 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Industrial - (continued)** | **Industrial - (continued)** | **Industrial - (continued)** |  |
| $| 161000 | Regal Rexnord Corp., Company Guaranteed Notes, 6.050% due 4/15/28 | $165295 |
|  |  | Republic Services Inc., Senior Unsecured Notes: |  |
|  | 190000 | &nbsp;&nbsp;&nbsp;4.875% due 4/1/29 | 193082 |
|  | 80000 | &nbsp;&nbsp;&nbsp;1.450% due 2/15/31 | 67358 |
|  | 385000 | &nbsp;&nbsp;&nbsp;5.200% due 11/15/34 | 387961 |
|  | 315000 | &nbsp;&nbsp;&nbsp;5.150% due 3/15/35 | 316437 |
|  |  | RTX Corp., Senior Unsecured Notes: |  |
|  | 155000 | &nbsp;&nbsp;&nbsp;5.750% due 11/8/26 | 157662 |
|  | 403000 | &nbsp;&nbsp;&nbsp;4.125% due 11/16/28 | 398843 |
|  | 105000 | Sealed Air Corp./Sealed Air Corp. US, Company Guaranteed Notes, 7.250% due 2/15/31<sup>(b)</sup> | 109718 |
|  | 70000 | Seaspan Corp., Senior Unsecured Notes, 5.500% due 8/1/29<sup>(b)</sup> | 64550 |
|  | 300000 | Siemens Funding BV, Company Guaranteed Notes, 4.600% due 5/28/30<sup>(b)</sup> | 300479 |
|  | 305000 | Simpar Europe SA, Company Guaranteed Notes, 5.200% due 1/26/31 | 239446 |
|  | 75000 | Sonoco Products Co., Senior Unsecured Notes, 4.600% due 9/1/29 | 74070 |
|  | 50000 | Standard Building Solutions Inc., Senior Unsecured Notes, 6.500% due 8/15/32<sup>(b)</sup> | 50779 |
|  | 55000 | Star Leasing Co. LLC, Secured Notes, 7.625% due 2/15/30<sup>(b)</sup> | 51736 |
|  | 115000 | Trane Technologies Financing Ltd., Company Guaranteed Notes, 3.800% due 3/21/29 | 112990 |
|  | 90000 | TransDigm Inc., Company Guaranteed Notes, 6.375% due 5/31/33<sup>(b)</sup> | 88920 |
|  | 135000 | TransDigm Inc., Senior Secured Notes, 6.875% due 12/15/30<sup>(b)</sup> | 139228 |
|  | 90000 | Trident TPI Holdings Inc., Company Guaranteed Notes, 12.750% due 12/31/28<sup>(b)</sup> | 94109 |
|  |  | Veralto Corp., Company Guaranteed Notes: |  |
|  | 130000 | &nbsp;&nbsp;&nbsp;5.500% due 9/18/26 | 131438 |
|  | 143000 | &nbsp;&nbsp;&nbsp;5.350% due 9/18/28 | 146783 |
|  | 132000 | Waste Connections Inc., Senior Unsecured Notes, 5.250% due 9/1/35 | 133111 |
|  | 85000 | Waste Management Inc., Company Guaranteed Notes, 4.950% due 3/15/35 | 83883 |
|  | 110000 | Watco Cos LLC/Watco Finance Corp., Senior Unsecured Notes, 7.125% due 8/1/32<sup>(b)</sup> | 113213 |
|  | 35000 | WESCO Distribution Inc., Company Guaranteed Notes, 6.375% due 3/15/33<sup>(b)</sup> | 35650 |
|  | 365000 | Westinghouse Air Brake Technologies Corp., Company Guaranteed Notes, 4.900% due 5/29/30 | 367000 |
|  | 5245000 | WRKCo Inc., Company Guaranteed Notes, 3.900% due 6/1/28 | 5136918 |
|  | 170000 | XPO Inc., Company Guaranteed Notes, 7.125% due 6/1/31<sup>(b)</sup> | 176013 |
|  |  | Total Industrial | 18236852 |
| **Technology - 0.5%** | **Technology - 0.5%** |  |  |
|  | 525000 | Accenture Capital Inc., Company Guaranteed Notes, 4.250% due 10/4/31 | 515496 |
|  | 40000 | Amentum Holdings Inc., Company Guaranteed Notes, 7.250% due 8/1/32<sup>(b)</sup> | 40803 |
|  | 75000 | AppLovin Corp., Senior Unsecured Notes, 5.375% due 12/1/31 | 75695 |
|  | 110000 | AthenaHealth Group Inc., Senior Unsecured Notes, 6.500% due 2/15/30<sup>(b)</sup> | 105988 |
|  | 99000 | Atlassian Corp., Senior Unsecured Notes, 5.250% due 5/15/29 | 100993 |
|  | 406000 | Broadcom Inc., Company Guaranteed Notes, 3.500% due 2/15/41<sup>(b)</sup> | 314701 |
|  |  | Broadcom Inc., Senior Unsecured Notes: |  |
|  | 310000 | &nbsp;&nbsp;&nbsp;4.150% due 2/15/28 | 308481 |
|  | 95000 | &nbsp;&nbsp;&nbsp;5.050% due 7/12/29 | 96701 |
|  | 35000 | CACI International Inc., Senior Unsecured Notes, 6.375% due 6/15/33<sup>(b)</sup> | 35680 |
|  | 90000 | Cadence Design Systems Inc., Senior Unsecured Notes, 4.700% due 9/10/34 | 87511 |
|  | 18000 | Castle US Holding Corp., Secured Notes, 10.000% due 6/30/31<sup>(b)</sup> | 8100 |
|  | 145000 | CDW LLC/CDW Finance Corp., Company Guaranteed Notes, 2.670% due 12/1/26 | 140415 |
|  | 25000 | Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc., Senior Secured Notes, 8.000% due 6/15/29<sup>(b)</sup> | 22394 |
|  | 40000 | Cloud Software Group Inc., Secured Notes, 9.000% due 9/30/29<sup>(b)</sup> | 40943 |
|  | 65000 | Cloud Software Group Inc., Senior Secured Notes, 6.500% due 3/31/29<sup>(b)</sup> | 64927 |
|  | 40000 | CoreWeave Inc., Company Guaranteed Notes, 9.250% due 6/1/30<sup>(b)</sup> | 39955 |
|  | 74000 | Dell Inc., Senior Unsecured Notes, 6.500% due 4/15/38 | 76238 |
|  | 345000 | Dell International LLC/EMC Corp., Company Guaranteed Notes, 5.300% due 4/1/32 | 346550 |
|  | 30000 | Diebold Nixdorf Inc., Senior Secured Notes, 7.750% due 3/31/30<sup>(b)</sup> | 31533 |
|  | 95000 | Ellucian Holdings Inc., Senior Secured Notes, 6.500% due 12/1/29<sup>(b)</sup> | 95944 |
|  | 129000 | Fiserv Inc., Senior Unsecured Notes, 5.450% due 3/15/34 | 129317 |
|  | 360000 | Foundry JV Holdco LLC, Senior Secured Notes, 5.500% due 1/25/31 | 364653 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Technology - (continued)** | **Technology - (continued)** | **Technology - (continued)** |  |
| $| 356000 | Hewlett Packard Enterprise Co., Senior Unsecured Notes, 5.000% due 10/15/34 | $346635 |
|  |  | Intel Corp., Senior Unsecured Notes: |  |
|  | 405000 | &nbsp;&nbsp;&nbsp;3.734% due 12/8/47 | 275238 |
|  | 235000 | &nbsp;&nbsp;&nbsp;3.250% due 11/15/49 | 143284 |
|  | 240000 | &nbsp;&nbsp;&nbsp;4.750% due 3/25/50 | 189354 |
|  | 125000 | &nbsp;&nbsp;&nbsp;5.050% due 8/5/62 | 97754 |
|  | 445000 | International Business Machines Corp., Senior Unsecured Notes, 4.800% due 2/10/30 | 448989 |
|  | 296000 | Kyndryl Holdings Inc., Senior Unsecured Notes, 4.100% due 10/15/41 | 227927 |
|  | 289000 | Marvell Technology Inc., Senior Unsecured Notes, 5.950% due 9/15/33 | 298463 |
|  | 25000 | McAfee Corp., Senior Unsecured Notes, 7.375% due 2/15/30<sup>(b)</sup> | 23117 |
|  | 515000 | Micron Technology Inc., Senior Unsecured Notes, 5.650% due 11/1/32 | 523332 |
|  | 201000 | NetApp Inc., Senior Unsecured Notes, 1.875% due 6/22/25 | 200657 |
|  |  | NVIDIA Corp., Senior Unsecured Notes: |  |
|  | 100000 | &nbsp;&nbsp;&nbsp;2.850% due 4/1/30 | 94072 |
|  | 410000 | &nbsp;&nbsp;&nbsp;3.500% due 4/1/40 | 337876 |
|  |  | Oracle Corp., Senior Unsecured Notes: |  |
|  | 165000 | &nbsp;&nbsp;&nbsp;2.950% due 4/1/30 | 152799 |
|  | 55000 | &nbsp;&nbsp;&nbsp;5.250% due 2/3/32 | 55834 |
|  | 345000 | &nbsp;&nbsp;&nbsp;3.800% due 11/15/37 | 287752 |
|  | 549000 | &nbsp;&nbsp;&nbsp;3.600% due 4/1/50 | 373030 |
|  | 165000 | &nbsp;&nbsp;&nbsp;5.375% due 9/27/54 | 146340 |
|  | 110000 | &nbsp;&nbsp;&nbsp;5.500% due 9/27/64 | 96891 |
|  | 313000 | Paychex Inc., Senior Unsecured Notes, 5.350% due 4/15/32 | 317647 |
|  | 109000 | Qorvo Inc., Company Guaranteed Notes, 3.375% due 4/1/31<sup>(b)</sup> | 95911 |
|  |  | QUALCOMM Inc., Senior Unsecured Notes: |  |
|  | 400000 | &nbsp;&nbsp;&nbsp;4.750% due 5/20/32 | 399688 |
|  | 120000 | &nbsp;&nbsp;&nbsp;4.800% due 5/20/45 | 106896 |
|  | 129000 | Synopsys Inc., Senior Unsecured Notes, 5.150% due 4/1/35 | 127503 |
|  | 105000 | UKG Inc., Senior Secured Notes, 6.875% due 2/1/31<sup>(b)</sup> | 108191 |
|  | 79000 | Workday Inc., Senior Unsecured Notes, 3.800% due 4/1/32 | 73283 |
|  |  | Total Technology | 8591481 |
| **Utilities - 2.8%** | **Utilities - 2.8%** |  |  |
|  | 200000 | Adani Electricity Mumbai Ltd., Senior Secured Notes, 3.949% due 2/12/30 | 176164 |
|  | 278000 | Adani Transmission Step-One Ltd., Senior Secured Notes, 4.250% due 5/21/36 | 234360 |
|  |  | AEP Texas Inc., Senior Unsecured Notes: |  |
|  | 84000 | &nbsp;&nbsp;&nbsp;5.450% due 5/15/29 | 86007 |
|  | 301000 | &nbsp;&nbsp;&nbsp;3.450% due 1/15/50 | 198517 |
|  |  | Alabama Power Co., Senior Unsecured Notes: |  |
|  | 30000 | &nbsp;&nbsp;&nbsp;5.100% due 4/2/35 | 29786 |
|  | 355000 | &nbsp;&nbsp;&nbsp;3.450% due 10/1/49 | 244610 |
|  | 141000 | Arizona Public Service Co., Senior Unsecured Notes, 5.700% due 8/15/34 | 142893 |
|  | 140000 | Atmos Energy Corp., Senior Unsecured Notes, 5.900% due 11/15/33 | 147882 |
|  |  | Baltimore Gas & Electric Co., Senior Unsecured Notes: |  |
|  | 185000 | &nbsp;&nbsp;&nbsp;5.450% due 6/1/35 | 186240 |
|  | 200000 | &nbsp;&nbsp;&nbsp;5.650% due 6/1/54 | 192596 |
|  | 1100000 | Berkshire Hathaway Energy Co., Senior Unsecured Notes, 5.950% due 5/15/37 | 1148458 |
|  | 149000 | Black Hills Corp., Senior Unsecured Notes, 6.000% due 1/15/35 | 151961 |
|  | 75000 | Boston Gas Co., Senior Unsecured Notes, 3.757% due 3/16/32<sup>(b)</sup> | 67870 |
|  | 345000 | Brooklyn Union Gas Co., Senior Unsecured Notes, 4.866% due 8/5/32<sup>(b)</sup> | 330288 |
|  | 200000 | Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy, Senior Secured Notes, 7.875% due 2/15/39<sup>(b)</sup> | 200987 |
|  | 367000 | CenterPoint Energy Inc., Senior Unsecured Notes, 5.400% due 6/1/29 | 377262 |
|  | 200000 | Chile Electricity Lux Mpc II SARL, Government Guaranteed Notes, 5.672% due 10/20/35<sup>(b)</sup> | 199330 |
|  | 186000 | Chile Electricity Lux MPC SARL, Government Guaranteed Notes, 6.010% due 1/20/33 | 190882 |
|  | 194834 | Chile Electricity PEC SpA, Senior Secured Notes, zero coupon, due 1/25/28<sup>(b)</sup> | 169895 |
|  | 100000 | Cleco Corporate Holdings LLC, Senior Unsecured Notes, 3.375% due 9/15/29 | 92352 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Utilities - (continued)** | **Utilities - (continued)** |  |
| $200000 | Comision Federal de Electricidad, Company Guaranteed Notes, 6.450% due 1/24/35<sup>(b)</sup> | $192426 |
| 322000 | Commonwealth Edison Co., 1st Mortgage Notes, 5.950% due 6/1/55 | 322476 |
|  | Consolidated Edison Co. of New York Inc., Senior Unsecured Notes: |  |
| 400000 | &nbsp;&nbsp;&nbsp;3.200% due 12/1/51 | 256566 |
| 110000 | &nbsp;&nbsp;&nbsp;5.700% due 5/15/54 | 106625 |
| 285000 | &nbsp;&nbsp;&nbsp;5.500% due 3/15/55 | 268008 |
| 934152 | Consumers 2023 Securitization Funding LLC, Senior Secured Notes, 5.550% due 3/1/28 | 940000 |
|  | Consumers Energy Co., 1st Mortgage Notes: |  |
| 96000 | &nbsp;&nbsp;&nbsp;4.500% due 1/15/31 | 95345 |
| 100000 | &nbsp;&nbsp;&nbsp;5.050% due 5/15/35 | 99404 |
|  | Dominion Energy Inc., Senior Unsecured Notes: |  |
| 160000 | &nbsp;&nbsp;&nbsp;4.600% due 5/15/28 | 160402 |
| 3100000 | &nbsp;&nbsp;&nbsp;3.375% due 4/1/30 | 2909057 |
| 435000 | &nbsp;&nbsp;&nbsp;5.000% due 6/15/30 | 439175 |
| 209000 | DTE Energy Co., Senior Unsecured Notes, 5.850% due 6/1/34 | 215412 |
| 655000 | Duke Energy Carolinas LLC, 1st Mortgage Notes, 5.300% due 2/15/40 | 641841 |
|  | Duke Energy Corp., Senior Unsecured Notes: |  |
| 705000 | &nbsp;&nbsp;&nbsp;2.550% due 6/15/31 | 618628 |
| 85000 | &nbsp;&nbsp;&nbsp;5.450% due 6/15/34 | 85780 |
| 52000 | &nbsp;&nbsp;&nbsp;5.000% due 8/15/52 | 43912 |
| 328000 | &nbsp;&nbsp;&nbsp;5.800% due 6/15/54 | 310442 |
| 255000 | Duke Energy Ohio Inc., 1st Mortgage Notes, 5.550% due 3/15/54 | 238945 |
|  | Duke Energy Progress LLC, 1st Mortgage Notes: |  |
| 270000 | &nbsp;&nbsp;&nbsp;5.050% due 3/15/35 | 266442 |
| 215000 | &nbsp;&nbsp;&nbsp;5.550% due 3/15/55 | 204826 |
| 94000 | Edison International, Senior Unsecured Notes, 5.250% due 11/15/28 | 92606 |
| 62060 | Empresa Electrica Cochrane SpA, Senior Secured Notes, 5.500% due 5/14/27 | 61084 |
| 200000 | Energuate Trust, Company Guaranteed Notes, 5.875% due 5/3/27 | 197750 |
| 84000 | Entergy Arkansas LLC, 1st Mortgage Notes, 5.750% due 6/1/54 | 81010 |
| 94000 | Entergy Corp., Junior Subordinated Notes, 7.125% (5-Year CMT Index + 2.670%) due 12/1/54<sup>(c)</sup> | 96104 |
| 115000 | Entergy Louisiana LLC, 1st Mortgage Notes, 4.750% due 9/15/52 | 96397 |
| 235000 | Evergy Inc., Senior Unsecured Notes, 2.900% due 9/15/29 | 218911 |
| 164000 | Evergy Kansas Central Inc., 1st Mortgage Notes, 5.700% due 3/15/53 | 156427 |
|  | Eversource Energy, Senior Unsecured Notes: |  |
| 370000 | &nbsp;&nbsp;&nbsp;5.125% due 5/15/33 | 363371 |
| 467000 | &nbsp;&nbsp;&nbsp;5.500% due 1/1/34 | 465812 |
| 198850 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, Senior Secured Notes, 7.250% due 1/31/41<sup>(b)</sup> | 196215 |
| 85000 | FirstEnergy Corp., Senior Unsecured Notes, 3.900% due 7/15/27 | 83783 |
| 1945000 | Florida Power & Light Co., 1st Mortgage Notes, 5.300% due 6/15/34 | 1975878 |
|  | Georgia Power Co., Senior Unsecured Notes: |  |
| 365000 | &nbsp;&nbsp;&nbsp;4.550% due 3/15/30 | 365664 |
| 225000 | &nbsp;&nbsp;&nbsp;5.200% due 3/15/35 | 223913 |
| 315000 | Interstate Power & Light Co., Senior Unsecured Notes, 5.600% due 6/29/35 | 316855 |
| 220000 | ITC Holdings Corp., Senior Unsecured Notes, 2.950% due 5/14/30<sup>(b)</sup> | 202186 |
| 105000 | Jersey Central Power & Light Co., Senior Unsecured Notes, 5.100% due 1/15/35 | 102755 |
| 284000 | JSW Hydro Energy Ltd., Senior Secured Notes, 4.125% due 5/18/31 | 255599 |
| 65000 | Lightning Power LLC, Senior Secured Notes, 7.250% due 8/15/32<sup>(b)</sup> | 68150 |
| 247074 | Mexico Generadora de Energia S de rl, Senior Secured Notes, 5.500% due 12/6/32 | 241379 |
| 169400 | Mong Duong Finance Holdings BV, Senior Secured Notes, 5.125% due 5/7/29 | 165106 |
| 30000 | Monongahela Power Co., 1st Mortgage Notes, 5.850% due 2/15/34<sup>(b)</sup> | 30710 |
| 65000 | National Fuel Gas Co., Senior Unsecured Notes, 5.950% due 3/15/35 | 65150 |
| 5910000 | National Rural Utilities Cooperative Finance Corp., Collateral Trust, 5.000% due 8/15/34 | 5822739 |
|  | NextEra Energy Capital Holdings Inc., Company Guaranteed Notes: |  |
| 860000 | &nbsp;&nbsp;&nbsp;2.250% due 6/1/30 | 764804 |
| 154000 | &nbsp;&nbsp;&nbsp;5.300% due 3/15/32 | 156600 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Utilities - (continued)** | **Utilities - (continued)** |  |
| $88000 | &nbsp;&nbsp;&nbsp;6.750% (5-Year CMT Index + 2.457%) due 6/15/54<sup>(c)</sup> | $89976 |
| 76000 | NiSource Inc., Junior Subordinated Notes, 6.950% (5-Year CMT Index + 2.451%) due 11/30/54<sup>(c)</sup> | 77766 |
|  | NiSource Inc., Senior Unsecured Notes: |  |
| 259000 | &nbsp;&nbsp;&nbsp;3.600% due 5/1/30 | 246456 |
| 225000 | &nbsp;&nbsp;&nbsp;5.350% due 4/1/34 | 225734 |
| 132000 | &nbsp;&nbsp;&nbsp;5.850% due 4/1/55 | 127508 |
| 205000 | Northern States Power Co./MN, 1st Mortgage Notes, 5.650% due 5/15/55 | 198765 |
| 60000 | NRG Energy Inc., Company Guaranteed Notes, 6.000% due 2/1/33<sup>(b)</sup> | 59457 |
|  | NSTAR Electric Co., Senior Unsecured Notes: |  |
| 95000 | &nbsp;&nbsp;&nbsp;5.400% due 6/1/34 | 95779 |
| 270000 | &nbsp;&nbsp;&nbsp;5.200% due 3/1/35 | 267252 |
| 110000 | Oglethorpe Power Corp., 1st Mortgage Notes, 5.050% due 10/1/48 | 94860 |
|  | Ohio Edison Co., Senior Unsecured Notes: |  |
| 125000 | &nbsp;&nbsp;&nbsp;4.950% due 12/15/29<sup>(b)</sup> | 126000 |
| 70000 | &nbsp;&nbsp;&nbsp;5.500% due 1/15/33<sup>(b)</sup> | 70540 |
| 455000 | Ohio Power Co., Senior Unsecured Notes, 5.000% due 6/1/33 | 445381 |
| 295000 | Oncor Electric Delivery Co. LLC, Senior Secured Notes, 5.350% due 4/1/35<sup>(b)</sup> | 295512 |
| 200000 | Orazul Energy Peru SA, Company Guaranteed Notes, 5.625% due 4/28/27 | 196300 |
|  | Pacific Gas & Electric Co., 1st Mortgage Notes: |  |
| 312000 | &nbsp;&nbsp;&nbsp;5.450% due 6/15/27 | 315093 |
| 885000 | &nbsp;&nbsp;&nbsp;2.500% due 2/1/31 | 760842 |
| 231000 | &nbsp;&nbsp;&nbsp;6.150% due 1/15/33 | 234905 |
| 280000 | Pacific Gas & Electric Co., Senior Secured Notes, 3.250% due 6/1/31 | 248357 |
| 200000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Unsecured Notes, 4.125% due 5/15/27 | 197392 |
| 65000 | Pike Corp., Senior Unsecured Notes, 8.625% due 1/31/31<sup>(b)</sup> | 70010 |
|  | Pinnacle West Capital Corp., Senior Unsecured Notes: |  |
| 182000 | &nbsp;&nbsp;&nbsp;4.900% due 5/15/28 | 183395 |
| 261000 | &nbsp;&nbsp;&nbsp;5.150% due 5/15/30 | 263981 |
| 113000 | PSEG Power LLC, Senior Unsecured Notes, 5.200% due 5/15/30<sup>(b)</sup> | 114084 |
| 315000 | Public Service Co. of Oklahoma, Senior Unsecured Notes, 5.200% due 1/15/35 | 307846 |
|  | Public Service Enterprise Group Inc., Senior Unsecured Notes: |  |
| 435000 | &nbsp;&nbsp;&nbsp;4.900% due 3/15/30 | 437964 |
| 40000 | &nbsp;&nbsp;&nbsp;6.125% due 10/15/33 | 41931 |
| 620000 | &nbsp;&nbsp;&nbsp;5.400% due 3/15/35 | 617344 |
|  | Puget Energy Inc., Senior Secured Notes: |  |
| 75000 | &nbsp;&nbsp;&nbsp;4.100% due 6/15/30 | 71421 |
| 760000 | &nbsp;&nbsp;&nbsp;5.725% due 3/15/35<sup>(b)</sup> | 752486 |
| 200000 | Saavi Energia SARL, Senior Unsecured Notes, 8.875% due 2/10/35<sup>(b)</sup> | 204600 |
| 295000 | San Diego Gas & Electric Co., 1st Mortgage Notes, 5.400% due 4/15/35 | 295873 |
|  | Southern California Edison Co., 1st Mortgage Notes: |  |
| 255000 | &nbsp;&nbsp;&nbsp;5.200% due 6/1/34 | 244213 |
| 130000 | &nbsp;&nbsp;&nbsp;4.650% due 10/1/43 | 103118 |
| 465000 | &nbsp;&nbsp;&nbsp;4.125% due 3/1/48 | 328780 |
|  | Southern California Gas Co., 1st Mortgage Notes: |  |
| 5855000 | &nbsp;&nbsp;&nbsp;5.750% due 6/1/53 | 5570200 |
| 105000 | &nbsp;&nbsp;&nbsp;5.600% due 4/1/54 | 98363 |
| 480000 | &nbsp;&nbsp;&nbsp;6.000% due 6/15/55 | 474830 |
| 54000 | Southern Co., Junior Subordinated Notes, 6.375% (5-Year CMT Index + 2.069%) due 3/15/55<sup>(c)</sup> | 54881 |
|  | Southern Co., Senior Unsecured Notes: |  |
| 65000 | &nbsp;&nbsp;&nbsp;4.850% due 6/15/28 | 65816 |
| 95000 | &nbsp;&nbsp;&nbsp;5.700% due 3/15/34 | 97784 |
| 130000 | &nbsp;&nbsp;&nbsp;4.850% due 3/15/35 | 125109 |
| 193000 | Southwest Gas Corp., Senior Unsecured Notes, 2.200% due 6/15/30 | 170794 |
| 140000 | Southwestern Electric Power Co., Senior Unsecured Notes, 5.300% due 4/1/33 | 138438 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Utilities - (continued)** | **Utilities - (continued)** | **Utilities - (continued)** |  |
| $| 173454 | Tierra Mojada Luxembourg II SARL, Senior Secured Notes, 5.750% due 12/1/40 | $160879 |
|  | 407000 | Trans-Allegheny Interstate Line Co., Senior Unsecured Notes, 5.000% due 1/15/31<sup>(b)</sup> | 410138 |
|  | 15000 | Venture Global Plaquemines LNG LLC, Senior Secured Notes, 7.500% due 5/1/33<sup>(b)</sup> | 15667 |
|  |  | Virginia Electric & Power Co., Senior Unsecured Notes: |  |
|  | 130000 | &nbsp;&nbsp;&nbsp;5.000% due 4/1/33 | 129227 |
|  | 510000 | &nbsp;&nbsp;&nbsp;5.000% due 1/15/34 | 499839 |
|  | 145000 | &nbsp;&nbsp;&nbsp;5.050% due 8/15/34 | 142480 |
|  | 205000 | &nbsp;&nbsp;&nbsp;5.150% due 3/15/35 | 201609 |
|  | 105000 | &nbsp;&nbsp;&nbsp;5.350% due 1/15/54 | 95285 |
|  | 73000 | &nbsp;&nbsp;&nbsp;5.550% due 8/15/54 | 68222 |
|  | 200000 | &nbsp;&nbsp;&nbsp;5.650% due 3/15/55 | 190413 |
|  |  | Vistra Operations Co. LLC, Company Guaranteed Notes: |  |
|  | 70000 | &nbsp;&nbsp;&nbsp;7.750% due 10/15/31<sup>(b)</sup> | 74224 |
|  | 65000 | &nbsp;&nbsp;&nbsp;6.875% due 4/15/32<sup>(b)</sup> | 67622 |
|  | 165000 | Wisconsin Power & Light Co., Senior Unsecured Notes, 5.375% due 3/30/34 | 165274 |
|  |  | Xcel Energy Inc., Senior Unsecured Notes: |  |
|  | 180000 | &nbsp;&nbsp;&nbsp;4.600% due 6/1/32 | 172742 |
|  | 440000 | &nbsp;&nbsp;&nbsp;5.600% due 4/15/35 | 439954 |
|  |  | &nbsp;&nbsp;&nbsp;Total Utilities | 43891721 |
|  |  | **TOTAL CORPORATE BONDS & NOTES** |  |
|  |  | &nbsp;&nbsp;&nbsp;(Cost - $291,576,196) | **283317962** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 17.8%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 17.8%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 17.8%** |  |
| **Asset Backed Securities - 0.5%** | **Asset Backed Securities - 0.5%** | **Asset Backed Securities - 0.5%** |  |
|  | 201548 | Cascade MH Asset Trust, Series 2021-MH1, Class A1, 1.753% due 2/25/46<sup>(b)</sup> | 183069 |
|  |  | FMC GMSR Issuer Trust: |  |
|  | 4000000 | &nbsp;&nbsp;&nbsp;Series 2021-GT1, Class A, 3.620% due 7/25/26<sup>(b)(c)</sup> | 3746782 |
|  | 3420000 | &nbsp;&nbsp;&nbsp;Series 2021-GT2, Class A, 3.850% due 10/25/26<sup>(b)(c)</sup> | 3215531 |
|  |  | Total Asset Backed Securities | 7145382 |
| **Mortgage Securities - 17.3%** | **Mortgage Securities - 17.3%** | **Mortgage Securities - 17.3%** |  |
|  | 130000 | 1345T, Series 2025-AOA, Class A, 5.900% (1-Month TSFR + 1.600%) due 6/15/30<sup>(b)(c)</sup> | 130228 |
|  | 220000 | 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, 5.518% (1-Month TSFR + 1.180%) due 9/15/34<sup>(b)(c)</sup> | 217388 |
|  | 181837 | Ajax Mortgage Loan Trust, Series 2021-C, Class A, step bond to yield, 5.115% due 1/25/61<sup>(b)</sup> | 181760 |
|  |  | Alternative Loan Trust: |  |
|  | 478745 | &nbsp;&nbsp;&nbsp;Series 2005-28CB, Class 1A7, 5.500% due 8/25/35 | 407608 |
|  | 4152585 | &nbsp;&nbsp;&nbsp;Series 2005-7CB, Class 2A2, 0.611% (1-Month TSFR + 4.936%) due 3/1/38<sup>(c)(g)</sup> | 206994 |
|  | 4152585 | &nbsp;&nbsp;&nbsp;Series 2005-7CB, Class 2A5, 4.889% (1-Month TSFR + 0.564%) due 3/1/38<sup>(c)</sup> | 3076952 |
|  | 3499114 | &nbsp;&nbsp;&nbsp;Series 2006-OA2, Class A1, 4.859% (1-Month TSFR + 0.534%) due 5/20/46<sup>(c)</sup> | 3076860 |
|  | 1866180 | &nbsp;&nbsp;&nbsp;Series 2007-4CB, Class 1A1, 5.039% (1-Month TSFR + 0.714%) due 4/25/37<sup>(c)</sup> | 1429451 |
|  | 6452768 | &nbsp;&nbsp;&nbsp;Series 2007-9T1, Class 2A2, 6.000% due 5/25/37 | 2746001 |
|  | 177830 | Angel Oak Mortgage Trust: Series 2020-R1, Class A1, 0.990% due 4/25/53<sup>(b)(c)</sup> | 168634 |
|  | 288925 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class A1, 0.909% due 1/25/66<sup>(b)(c)</sup> | 245313 |
|  | 267473 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A1, 0.985% due 4/25/66<sup>(b)(c)</sup> | 227113 |
|  | 523098 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class A1, 1.068% due 5/25/66<sup>(b)(c)</sup> | 449426 |
|  | 430774 | &nbsp;&nbsp;&nbsp;Series 2021-4, Class A1, 1.035% due 1/20/65<sup>(b)(c)</sup> | 360438 |
|  | 628095 | &nbsp;&nbsp;&nbsp;Series 2021-5, Class A1, 0.951% due 7/25/66<sup>(b)(c)</sup> | 536558 |
|  | 1020632 | &nbsp;&nbsp;&nbsp;Series 2021-6, Class A1, 1.458% due 9/25/66<sup>(b)(c)</sup> | 855318 |
|  | 1165747 | &nbsp;&nbsp;&nbsp;Series 2022-1, Class A1, step bond to yield, 2.881% due 12/25/66<sup>(b)</sup> | 1068548 |
|  |  | AREIT Ltd.: |  |
|  | 120000 | &nbsp;&nbsp;&nbsp;Series 2024-CRE9, Class A, 6.015% (1-Month TSFR + 1.686%) due 5/17/41<sup>(b)(c)</sup> | 120173 |
|  | 320000 | &nbsp;&nbsp;&nbsp;Series 2025-CRE10, Class A, 5.715% (1-Month TSFR + 1.388%) due 12/17/29<sup>(b)(c)</sup> | 318101 |
|  |  | BANK: |  |
|  | 9736698 | &nbsp;&nbsp;&nbsp;Series 2017-BNK4, Class XA, 1.328% due 5/15/50<sup>(c)(g)</sup> | 192882 |
|  | 15024021 | &nbsp;&nbsp;&nbsp;Series 2018-BN10, Class XA, 0.685% due 2/15/61<sup>(c)(g)</sup> | 230870 |
|  | 6410431 | &nbsp;&nbsp;&nbsp;Series 2022-BNK39, Class XA, 0.417% due 2/15/55<sup>(c)(g)</sup> | 150274 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $1033182 | &nbsp;&nbsp;&nbsp;Series 2023-5YR4, Class XA, 1.005% due 12/15/56<sup>(c)(g)</sup> | $30946 |
| 1677444 | &nbsp;&nbsp;&nbsp;Series 2023-BNK45, Class XA, 0.996% due 2/15/56<sup>(c)(g)</sup> | 93263 |
| 3455755 | &nbsp;&nbsp;&nbsp;Series 2024-BNK47, Class XA, 0.822% due 6/15/57<sup>(c)(g)</sup> | 199542 |
| 3880085 | &nbsp;&nbsp;&nbsp;Series 2024-BNK48, Class XA, 1.147% due 10/15/57<sup>(c)(g)</sup> | 322517 |
|  | BANK5: |  |
| 12269219 | &nbsp;&nbsp;&nbsp;Series 2024-5YR8, Class XA, 0.900% due 8/15/57<sup>(c)(g)</sup> | 400855 |
| 360000 | &nbsp;&nbsp;&nbsp;Series 2024-5YR9, Class A3, 5.614% due 8/15/57 | 369924 |
| 270000 | BANK5 Trust, Series 2024-5YR6, Class A3, 6.225% due 5/15/57 | 282835 |
|  | BBCMS Mortgage Trust: |  |
| 1423199 | &nbsp;&nbsp;&nbsp;Series 2020-C7, Class XA, 1.593% due 4/15/53<sup>(c)(g)</sup> | 69987 |
| 305000 | &nbsp;&nbsp;&nbsp;Series 2022-C15, Class A5, 3.662% due 4/15/55<sup>(c)</sup> | 276521 |
| 362000 | &nbsp;&nbsp;&nbsp;Series 2024-5C29, Class A3, 5.208% due 9/15/57 | 366515 |
| 2494532 | &nbsp;&nbsp;&nbsp;Series 2024-C24, Class XA, 1.624% due 2/15/57<sup>(c)(g)</sup> | 246439 |
| 3678779 | &nbsp;&nbsp;&nbsp;Series 2024-C26, Class XA, 1.013% due 5/15/57<sup>(c)(g)</sup> | 270275 |
| 2425158 | &nbsp;&nbsp;&nbsp;Series 2024-C28, Class XA, 1.110% due 9/15/57<sup>(c)(g)</sup> | 188881 |
| 1959099 | &nbsp;&nbsp;&nbsp;Series 2025-C32, Class XA, 1.129% due 2/15/62<sup>(c)(g)</sup> | 167202 |
| 360000 | BDS LLC, Series 2024-FL13, Class A, 5.903% (1-Month TSFR + 1.576%) due 9/19/39<sup>(b)(c)</sup> | 360253 |
| 1760028 | Bear Stearns ALT-A Trust, Series 2006-1, Class 21A2, 4.572% due 2/25/36<sup>(c)</sup> | 1255780 |
|  | Benchmark Mortgage Trust: |  |
| 2346475 | &nbsp;&nbsp;&nbsp;Series 2020-B22, Class XA, 1.502% due 1/15/54<sup>(c)(g)</sup> | 155923 |
| 4415000 | &nbsp;&nbsp;&nbsp;Series 2022-B35, Class A5, 4.443% due 5/15/55<sup>(c)</sup> | 4201054 |
| 6203447 | &nbsp;&nbsp;&nbsp;Series 2023-B39, Class XA, 0.573% due 7/15/56<sup>(c)(g)</sup> | 229998 |
| 1698073 | &nbsp;&nbsp;&nbsp;Series 2023-B40, Class XA, 1.173% due 12/15/56<sup>(c)(g)</sup> | 99859 |
| 358000 | &nbsp;&nbsp;&nbsp;Series 2024-V9, Class A3, 5.602% due 8/15/57 | 367920 |
| 301004 | BINOM Securitization Trust, Series 2021-INV1, Class A1, 2.034% due 6/25/56<sup>(b)(c)</sup> | 270070 |
|  | BMO Mortgage Trust: |  |
| 7278323 | &nbsp;&nbsp;&nbsp;Series 2024-5C5, Class XA, 1.160% due 2/15/57<sup>(c)(g)</sup> | 300215 |
| 361000 | &nbsp;&nbsp;&nbsp;Series 2024-5C6, Class A3, 5.316% due 9/15/57 | 366942 |
| 232000 | &nbsp;&nbsp;&nbsp;Series 2024-5C7, Class AS, 5.888% due 11/15/57<sup>(c)</sup> | 238703 |
| 3407352 | &nbsp;&nbsp;&nbsp;Series 2024-C9, Class XA, 0.861% due 7/15/57<sup>(c)(g)</sup> | 221352 |
| 1920000 | &nbsp;&nbsp;&nbsp;Series 2025-5C9, Class A3, 5.779% due 4/15/58<sup>(c)</sup> | 1991692 |
| 2910000 | BMP, Series 2024-MF23, Class B, 5.970% (1-Month TSFR + 1.642%) due 6/15/41<sup>(b)(c)</sup> | 2911819 |
| 1410000 | BOCA Commercial Mortgage Trust, Series 2024-BOCA, Class A, 6.249% (1-Month TSFR + 1.921%) due 8/15/41<sup>(b)(c)</sup> | 1412203 |
| 620000 | BPR Trust, Series 2024-PMDW, Class A, 5.358% due 11/5/41<sup>(b)(c)</sup> | 625392 |
|  | BRAVO Residential Funding Trust: |  |
| 143096 | &nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1, 0.941% due 2/25/49<sup>(b)(c)</sup> | 133127 |
| 102834 | &nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1, 0.970% due 3/25/60<sup>(b)(c)</sup> | 99221 |
| 357000 | BRSP Ltd., Series 2024-FL2, Class A, 6.272% (1-Month TSFR + 1.945%) due 8/19/37<sup>(b)(c)</sup> | 356321 |
| 695000 | BWAY Trust, Series 2025-1535, Class A, 6.309% due 5/5/42<sup>(b)(c)</sup> | 710475 |
| 3375000 | BX, Series 2024-PALM, Class B, 6.120% (1-Month TSFR + 1.791%) due 6/15/37<sup>(b)(c)</sup> | 3375000 |
|  | BX Commercial Mortgage Trust: |  |
| 118422 | &nbsp;&nbsp;&nbsp;Series 2021-21M, Class A, 5.173% (1-Month TSFR + 0.844%) due 10/15/36<sup>(b)(c)</sup> | 117978 |
| 1380000 | &nbsp;&nbsp;&nbsp;Series 2021-VOLT, Class C, 5.543% (1-Month TSFR + 1.214%) due 9/15/36<sup>(b)(c)</sup> | 1371390 |
| 100000 | &nbsp;&nbsp;&nbsp;Series 2021-VOLT, Class E, 6.443% (1-Month TSFR + 2.114%) due 9/15/36<sup>(b)(c)</sup> | 99250 |
| 174958 | &nbsp;&nbsp;&nbsp;Series 2021-XL2, Class A, 5.132% (1-Month TSFR + 0.803%) due 10/15/38<sup>(b)(c)</sup> | 174849 |
| 211890 | &nbsp;&nbsp;&nbsp;Series 2022-LP2, Class A, 5.342% (1-Month TSFR + 1.013%) due 2/15/39<sup>(b)(c)</sup> | 211493 |
| 232973 | &nbsp;&nbsp;&nbsp;Series 2024-AIRC, Class A, 6.020% (1-Month TSFR + 1.691%) due 8/15/39<sup>(b)(c)</sup> | 233701 |
| 206297 | &nbsp;&nbsp;&nbsp;Series 2024-GPA3, Class C, 6.221% (1-Month TSFR + 1.892%) due 12/15/39<sup>(b)(c)</sup> | 206297 |
| 2397947 | &nbsp;&nbsp;&nbsp;Series 2024-MDHS, Class B, 6.170% (1-Month TSFR + 1.841%) due 5/15/41<sup>(b)(c)</sup> | 2397947 |
|  | BX Trust: |  |
| 290000 | &nbsp;&nbsp;&nbsp;Series 2019-OC11, Class E, 3.944% due 12/9/41<sup>(b)(c)</sup> | 263045 |
| 85990 | &nbsp;&nbsp;&nbsp;Series 2022-PSB, Class A, 6.780% (1-Month TSFR + 2.451%) due 8/15/39<sup>(b)(c)</sup> | 85937 |
| 280000 | &nbsp;&nbsp;&nbsp;Series 2024-PAT, Class A, 6.419% (1-Month TSFR + 2.090%) due 3/15/41<sup>(b)(c)</sup> | 280000 |
| 182000 | BXP Trust, Series 2017-GM, Class B, 3.425% due 6/13/39<sup>(b)(c)</sup> | 174126 |
| 15318343 | CD Mortgage Trust, Series 2017-CD4, Class XA, 1.216% due 5/10/50<sup>(c)(g)</sup> | 256780 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $240000 | CEDR Commercial Mortgage Trust, Series 2022-SNAI, Class A, 5.317% (1-Month TSFR + 0.988%) due 2/15/39<sup>(b)(c)</sup> | $233401 |
| 787797 | CIM Trust, Series 2021-R6, Class A1, 1.425% due 7/25/61<sup>(b)(c)</sup> | 697437 |
|  | Citigroup Commercial Mortgage Trust: |  |
| 1045025 | &nbsp;&nbsp;&nbsp;Series 2015-GC31, Class A4, 3.762% due 6/10/48 | 1026358 |
| 29334393 | &nbsp;&nbsp;&nbsp;Series 2015-GC35, Class XA, 0.704% due 11/10/48<sup>(c)(g)</sup> | 84113 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2016-P4, Class B, 3.377% due 7/10/49 | 370541 |
| 3470000 | &nbsp;&nbsp;&nbsp;Series 2019-GC43, Class A4, 3.038% due 11/10/52 | 3184328 |
| 170000 | &nbsp;&nbsp;&nbsp;Series 2020-555, Class A, 2.647% due 12/10/41<sup>(b)</sup> | 150802 |
| 2195000 | &nbsp;&nbsp;&nbsp;Series 2023-SMRT, Class B, 5.852% due 10/12/40<sup>(b)(c)</sup> | 2229114 |
|  | COLT Mortgage Loan Trust: |  |
| 420753 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class A1, 0.910% due 6/25/66<sup>(b)(c)</sup> | 359779 |
| 438273 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A1, 0.924% due 8/25/66<sup>(b)(c)</sup> | 365487 |
| 126780 | &nbsp;&nbsp;&nbsp;Series 2021-2R, Class A1, 0.798% due 7/27/54<sup>(b)</sup> | 115219 |
| 782254 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class A1, 0.956% due 9/27/66<sup>(b)(c)</sup> | 647008 |
| 1114316 | &nbsp;&nbsp;&nbsp;Series 2021-HX1, Class A1, 1.110% due 10/25/66<sup>(b)(c)</sup> | 950208 |
| 1101948 | &nbsp;&nbsp;&nbsp;Series 2022-1, Class A1, 2.284% due 12/27/66<sup>(b)(c)</sup> | 985742 |
|  | Commercial Mortgage Trust: |  |
| 203000 | &nbsp;&nbsp;&nbsp;Series 2022-HC, Class A, 2.819% due 1/10/39<sup>(b)</sup> | 191207 |
| 300000 | &nbsp;&nbsp;&nbsp;Series 2022-HC, Class C, 3.376% due 1/10/39<sup>(b)</sup> | 275403 |
| 370000 | &nbsp;&nbsp;&nbsp;Series 2024-277P, Class A, 6.338% due 8/10/44<sup>(b)</sup> | 385115 |
| 255000 | &nbsp;&nbsp;&nbsp;Series 2024-CBM, Class A2, 5.867% due 12/10/41<sup>(b)(c)</sup> | 257671 |
| 230000 | Connecticut Avenue Securities Trust, Series 2024-R02, Class 1M2, 6.122% (SOFR30A + 1.800%) due 2/25/44<sup>(b)(c)</sup> | 232108 |
|  | Credit Suisse Commercial Mortgage Capital Trust: |  |
| 1003212 | &nbsp;&nbsp;&nbsp;Series 2018-RPL9, Class A, 3.850% due 9/25/57<sup>(b)(c)</sup> | 966509 |
| 336818 | &nbsp;&nbsp;&nbsp;Series 2021-AFC1, Class A1, 0.830% due 3/25/56<sup>(b)(c)</sup> | 270314 |
| 411820 | &nbsp;&nbsp;&nbsp;Series 2021-NQM5, Class A1, 0.938% due 5/25/66<sup>(b)(c)</sup> | 346115 |
| 2525502 | &nbsp;&nbsp;&nbsp;Series 2021-RPL3, Class A1, 2.000% due 1/25/60<sup>(b)(c)</sup> | 2209329 |
| 296090 | &nbsp;&nbsp;&nbsp;Series 2021-RPL4, Class A1, 4.119% due 12/27/60<sup>(b)(c)</sup> | 294733 |
| 1305479 | CSFB Mortgage-Backed Pass-Through Certificates, Series 2005-9, Class 5A6, 5.500% due 10/25/35 | 651585 |
|  | CSMC: |  |
| 917549 | &nbsp;&nbsp;&nbsp;Series 2010-8R, Class 5A11, 5.760% due 2/26/37<sup>(b)(c)</sup> | 899301 |
| 209577 | &nbsp;&nbsp;&nbsp;Series 2020-NET, Class A, 2.257% due 8/15/37<sup>(b)</sup> | 207187 |
| 169380 | &nbsp;&nbsp;&nbsp;Series 2021-B33, Class A1, 3.053% due 10/10/43<sup>(b)</sup> | 159997 |
| 119972 | &nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1, 0.809% due 5/25/65<sup>(b)(c)</sup> | 108670 |
| 554981 | &nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1, 1.179% due 2/25/66<sup>(b)(c)</sup> | 495984 |
| 659084 | &nbsp;&nbsp;&nbsp;Series 2021-NQM4, Class A1, 1.101% due 5/25/66<sup>(b)(c)</sup> | 568121 |
| 511889 | &nbsp;&nbsp;&nbsp;Series 2021-NQM8, Class A1, 1.841% due 10/25/66<sup>(b)(c)</sup> | 455231 |
|  | Csmc Trust: |  |
| 1081346 | &nbsp;&nbsp;&nbsp;Series 2021-NQM6, Class A1, 1.174% due 7/25/66<sup>(b)(c)</sup> | 898272 |
| 1289101 | &nbsp;&nbsp;&nbsp;Series 2022-NQM1, Class A1, 2.265% due 11/25/66<sup>(b)(c)</sup> | 1157511 |
|  | DBJPM Mortgage Trust: |  |
| 21195000 | &nbsp;&nbsp;&nbsp;Series 2017-C6, Class XB, 0.241% due 6/10/50<sup>(c)(g)</sup> | 128406 |
| 2034789 | &nbsp;&nbsp;&nbsp;Series 2020-C9, Class XA, 1.705% due 9/15/53<sup>(c)(g)</sup> | 88326 |
| 300000 | DC Trust, Series 2024-HLTN, Class A, 5.727% due 4/13/40<sup>(b)(c)</sup> | 301956 |
|  | Deephaven Residential Mortgage Trust: |  |
| 69573 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class A1, 0.715% due 5/25/65<sup>(b)(c)</sup> | 66011 |
| 171477 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A1, 0.899% due 4/25/66<sup>(b)(c)</sup> | 150718 |
| 180000 | Del Amo Fashion Center Trust, Series 2017-AMO, Class A, 3.636% due 6/5/35<sup>(b)(c)</sup> | 172162 |
| 3617297 | DSLA Mortgage Loan Trust, Series 2005-AR4, Class 1A, 4.961% (1-Month TSFR + 0.634%) due 8/19/45<sup>(c)</sup> | 2783764 |
|  | Ellington Financial Mortgage Trust: |  |
| 71201 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class A1, 0.797% due 2/25/66<sup>(b)(c)</sup> | 60243 |
| 191980 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A1, 0.931% due 6/25/66<sup>(b)(c)</sup> | 158475 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $731544 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class A1, 1.241% due 9/25/66<sup>(b)(c)</sup> | $603646 |
| 584605 | &nbsp;&nbsp;&nbsp;Series 2022-1, Class A1, 2.206% due 1/25/67<sup>(b)(c)</sup> | 505361 |
| 308782 | Extended Stay America Trust, Series 2021-ESH, Class A, 5.523% (1-Month TSFR + 1.194%) due 7/15/38<sup>(b)(c)</sup> | 308782 |
|  | Federal Home Loan Mortgage Corp. (FHLMC), REMICS: |  |
| 7052639 | &nbsp;&nbsp;&nbsp;Series 5524, Class FB, 5.522% (SOFR30A + 1.200%) due 4/25/55<sup>(c)</sup> | 6986354 |
| 1325000 | &nbsp;&nbsp;&nbsp;Series 5537, Class CS, 1.428% (SOFR30A + 5.750%) due 5/25/55<sup>(c)(g)</sup> | 90640 |
| 4612497 | &nbsp;&nbsp;&nbsp;Series 5539, Class FC, 5.822% (SOFR30A + 1.500%) due 5/25/55<sup>(c)</sup> | 4619656 |
|  | Federal Home Loan Mortgage Corp. (FHLMC). REMICS: |  |
| 529173 | &nbsp;&nbsp;&nbsp;Series 3835, Class FO, 0.000% due 4/15/41<sup>(h)</sup> | 408926 |
| 3952231 | &nbsp;&nbsp;&nbsp;Series 4223, Class SB, 0.043% (SOFR30A + 5.293%) due 7/15/43<sup>(c)</sup> | 2579207 |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 4265, Class GL, 3.000% due 4/15/42 | 909194 |
| 559574 | &nbsp;&nbsp;&nbsp;Series 4447, Class IO, 5.000% due 3/15/45<sup>(g)</sup> | 116197 |
| 648512 | &nbsp;&nbsp;&nbsp;Series 4504, Class DZ, 3.500% due 8/15/45 | 608721 |
| 139784 | &nbsp;&nbsp;&nbsp;Series 4518, Class CZ, 3.500% due 10/15/45 | 128316 |
| 161375 | &nbsp;&nbsp;&nbsp;Series 4751, Class PL, 3.000% due 12/15/47 | 124130 |
| 3557931 | &nbsp;&nbsp;&nbsp;Series 4892, Class ES, 1.714% (SOFR30A + 6.036%) due 7/25/45<sup>(c)(g)</sup> | 385961 |
| 7447024 | &nbsp;&nbsp;&nbsp;Series 4957, Class PB, 2.500% due 3/25/50 | 6199456 |
| 307985 | &nbsp;&nbsp;&nbsp;Series 5018, Class LW, 1.000% due 10/25/40 | 247564 |
| 9963906 | &nbsp;&nbsp;&nbsp;Series 5068, Class UZ, 2.500% due 1/25/51 | 6064795 |
| 644860 | &nbsp;&nbsp;&nbsp;Series 5083, Class AI, 2.500% due 3/25/51<sup>(g)</sup> | 89907 |
| 1307126 | &nbsp;&nbsp;&nbsp;Series 5092, Class WI, 2.500% due 4/25/36<sup>(g)</sup> | 118158 |
| 5701801 | &nbsp;&nbsp;&nbsp;Series 5131, Class IG, 3.500% due 8/25/51<sup>(g)</sup> | 1052405 |
| 745335 | &nbsp;&nbsp;&nbsp;Series 5169, Class IO, 3.000% due 9/25/51<sup>(g)</sup> | 120374 |
| 621477 | &nbsp;&nbsp;&nbsp;Series 5178, Class IO, 4.000% due 3/25/45<sup>(g)</sup> | 112640 |
| 480967 | &nbsp;&nbsp;&nbsp;Series 5201, Class PA, 2.500% due 3/25/52 | 425745 |
| 159000 | &nbsp;&nbsp;&nbsp;Series 5228, Class JL, 2.500% due 10/25/41 | 128536 |
|  | Federal National Mortgage Association (FNMA), Aces: |  |
| 32293351 | &nbsp;&nbsp;&nbsp;Series 2020-M12, Class IO, 1.286% due 7/25/29<sup>(c)(g)</sup> | 1138641 |
| 9108012 | &nbsp;&nbsp;&nbsp;Series 2020-M15, Class X1, 1.453% due 9/25/31<sup>(c)(g)</sup> | 580526 |
| 20603982 | &nbsp;&nbsp;&nbsp;Series 2020-M7, Class X2, 1.238% due 3/25/31<sup>(c)(g)</sup> | 924080 |
| 4303435 | &nbsp;&nbsp;&nbsp;Series 2022-M4, Class A1X, 2.458% due 5/25/30<sup>(c)</sup> | 4023596 |
| 6678399 | &nbsp;&nbsp;&nbsp;Series 2022-M5, Class A1, 2.346% due 1/1/34<sup>(c)</sup> | 6216780 |
|  | Federal National Mortgage Association (FNMA), Interest Strip: |  |
| 1093377 | &nbsp;&nbsp;&nbsp;Series 426, Class C38, 2.000% due 3/25/52<sup>(g)</sup> | 140019 |
| 890490 | &nbsp;&nbsp;&nbsp;Series 429, Class C3, 2.500% due 9/25/52<sup>(g)</sup> | 140255 |
| 910597 | &nbsp;&nbsp;&nbsp;Series 437, Class C8, 2.500% due 6/25/52<sup>(g)</sup> | 143988 |
|  | Federal National Mortgage Association (FNMA), REMICS: |  |
| 471000 | &nbsp;&nbsp;&nbsp;Series 2011-142, Class PE, 3.500% due 1/25/42 | 438439 |
| 99295 | &nbsp;&nbsp;&nbsp;Series 2011-51, Class TO, 0.000% due 6/25/41<sup>(h)</sup> | 74663 |
| 110796 | &nbsp;&nbsp;&nbsp;Series 2013-2, Class MA, 3.500% due 2/25/43 | 104486 |
| 1072000 | &nbsp;&nbsp;&nbsp;Series 2013-62, Class PY, 2.500% due 6/25/43 | 914202 |
| 866482 | &nbsp;&nbsp;&nbsp;Series 2013-72, Class IW, 3.500% due 7/25/33<sup>(g)</sup> | 62397 |
| 563601 | &nbsp;&nbsp;&nbsp;Series 2014-95, Class ZC, 3.000% due 1/25/45 | 505145 |
| 359375 | &nbsp;&nbsp;&nbsp;Series 2015-55, Class PD, 2.500% due 3/25/43 | 351435 |
| 472447 | &nbsp;&nbsp;&nbsp;Series 2016-3, Class MI, 5.500% due 2/25/46<sup>(g)</sup> | 65748 |
| 538669 | &nbsp;&nbsp;&nbsp;Series 2016-43, Class GZ, 3.000% due 7/25/46 | 469385 |
| 828826 | &nbsp;&nbsp;&nbsp;Series 2017-105, Class ZE, 3.000% due 1/25/48 | 639293 |
| 736644 | &nbsp;&nbsp;&nbsp;Series 2017-22, Class BZ, 3.500% due 4/25/47 | 673470 |
| 499255 | &nbsp;&nbsp;&nbsp;Series 2018-91, Class BE, 3.500% due 12/25/58 | 446022 |
| 332085 | &nbsp;&nbsp;&nbsp;Series 2020-35, Class AI, 3.000% due 6/25/50<sup>(g)</sup> | 53605 |
| 602263 | &nbsp;&nbsp;&nbsp;Series 2020-37, Class IM, 4.000% due 6/25/50<sup>(g)</sup> | 120826 |
| 515290 | &nbsp;&nbsp;&nbsp;Series 2020-74, Class HI, 5.500% due 10/25/50<sup>(g)</sup> | 91693 |
| 645027 | &nbsp;&nbsp;&nbsp;Series 2020-77, Class HI, 4.000% due 11/25/50<sup>(g)</sup> | 136738 |
| 1523343 | &nbsp;&nbsp;&nbsp;Series 2020-99, Class KI, 1.500% due 11/25/35<sup>(g)</sup> | 73866 |
| 861582 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class NI, 2.500% due 2/25/51<sup>(g)</sup> | 127089 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $850559 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class TI, 2.500% due 2/25/51<sup>(g)</sup> | $142583 |
| 841878 | &nbsp;&nbsp;&nbsp;Series 2021-95, Class GI, 3.000% due 1/25/52<sup>(g)</sup> | 122540 |
| 10261255 | &nbsp;&nbsp;&nbsp;Series 2021-95, Class ZV, 2.500% due 1/25/52 | 5912656 |
| 734083 | &nbsp;&nbsp;&nbsp;Series 2022-3, Class PI, 3.000% due 1/25/52<sup>(g)</sup> | 105936 |
| 8203944 | &nbsp;&nbsp;&nbsp;Series 2023-36, Class IO, 2.500% due 10/25/52<sup>(g)</sup> | 1290462 |
| 470213 | &nbsp;&nbsp;&nbsp;Series 2025-3, Class BA, 5.500% due 3/25/52 | 470972 |
| 431554 | &nbsp;&nbsp;&nbsp;Series 2025-3, Class DA, 5.500% due 4/25/52 | 432577 |
|  | Freddie Mac Multifamily Structured Pass-Through Certificates: |  |
| 101691334 | &nbsp;&nbsp;&nbsp;Series K064, Class X1, 0.589% due 3/25/27<sup>(c)(g)</sup> | 891569 |
| 26501777 | &nbsp;&nbsp;&nbsp;Series K066, Class X1, 0.730% due 6/25/27<sup>(c)(g)</sup> | 311955 |
| 2052144 | &nbsp;&nbsp;&nbsp;Series K118, Class X1, 0.952% due 9/25/30<sup>(c)(g)</sup> | 83737 |
| 5039336 | &nbsp;&nbsp;&nbsp;Series K124, Class X1, 0.716% due 12/25/30<sup>(c)(g)</sup> | 164965 |
| 53427127 | &nbsp;&nbsp;&nbsp;Series K125, Class X1, 0.577% due 1/25/31<sup>(c)(g)</sup> | 1398605 |
| 30468993 | &nbsp;&nbsp;&nbsp;Series K129, Class X1, 1.029% due 5/25/31<sup>(c)(g)</sup> | 1401111 |
| 27663964 | &nbsp;&nbsp;&nbsp;Series K130, Class X1, 1.035% due 6/25/31<sup>(c)(g)</sup> | 1390399 |
| 31279444 | &nbsp;&nbsp;&nbsp;Series K132, Class X1, 0.507% due 8/25/31<sup>(c)(g)</sup> | 814786 |
| 5565000 | &nbsp;&nbsp;&nbsp;Series K-158, Class A2, 4.050% due 7/25/33 | 5346964 |
| 1770767 | &nbsp;&nbsp;&nbsp;Series K-162, Class X1, 0.370% due 12/25/33<sup>(c)(g)</sup> | 52344 |
| 2994523 | &nbsp;&nbsp;&nbsp;Series K-164, Class X1, 0.282% due 5/25/34<sup>(c)(g)</sup> | 73534 |
| 46097488 | &nbsp;&nbsp;&nbsp;Series K-165, Class X1, 0.599% due 9/25/34<sup>(c)(g)</sup> | 2161557 |
| 1573090 | &nbsp;&nbsp;&nbsp;Series K-170, Class X1, 0.399% due 2/25/35<sup>(c)(g)</sup> | 31985 |
| 2349340 | &nbsp;&nbsp;&nbsp;Series K753, Class X1, 0.229% due 10/25/30<sup>(c)(g)</sup> | 31707 |
| 1500000 | &nbsp;&nbsp;&nbsp;Series Q001, Class A3, 3.815% due 2/25/32 | 1443107 |
|  | Freddie Mac Seasoned Credit Risk Transfer Trust: |  |
| 258192 | &nbsp;&nbsp;&nbsp;Series 2019-1, Class MA, 3.500% due 7/25/58 | 247084 |
| 453925 | &nbsp;&nbsp;&nbsp;Series 2019-1, Class MT, 3.500% due 7/25/58 | 401763 |
| 557678 | &nbsp;&nbsp;&nbsp;Series 2020-1, Class MT, 2.500% due 8/25/59 | 449974 |
| 5423837 | &nbsp;&nbsp;&nbsp;Series 2020-2, Class MT, 2.000% due 11/25/59 | 4304073 |
| 5057318 | &nbsp;&nbsp;&nbsp;Series 2020-3, Class M5TW, 3.000% due 5/25/60 | 4495428 |
|  | Freddie Mac STACR REMIC Trust: |  |
| 550000 | &nbsp;&nbsp;&nbsp;Series 2022-DNA4, Class M1B, 7.672% (SOFR30A + 3.350%) due 5/25/42<sup>(b)(c)</sup> | 571629 |
| 245000 | &nbsp;&nbsp;&nbsp;Series 2022-DNA7, Class M1B, 9.322% (SOFR30A + 5.000%) due 3/25/52<sup>(b)(c)</sup> | 264955 |
| 570000 | &nbsp;&nbsp;&nbsp;Series 2022-HQA3, Class M1B, 7.872% (SOFR30A + 3.550%) due 8/25/42<sup>(b)(c)</sup> | 597579 |
|  | Freddie Mac Strips: |  |
| 596661 | &nbsp;&nbsp;&nbsp;Series 303, Class C10, 3.500% due 1/15/33<sup>(g)</sup> | 50085 |
| 833698 | &nbsp;&nbsp;&nbsp;Series 375, Class C1, 2.500% due 1/25/51<sup>(g)</sup> | 129258 |
| 749795 | &nbsp;&nbsp;&nbsp;Series 386, Class C14, 2.500% due 3/15/52<sup>(g)</sup> | 119804 |
| 2343384 | &nbsp;&nbsp;&nbsp;Series 389, Class C1, 1.500% due 5/15/37<sup>(g)</sup> | 127358 |
| 1153654 | &nbsp;&nbsp;&nbsp;Series 389, Class C35, 2.000% due 6/15/52<sup>(g)</sup> | 151200 |
| 928203 | &nbsp;&nbsp;&nbsp;Series 405, Class C17, 2.500% due 8/25/52<sup>(g)</sup> | 148288 |
|  | GCAT Trust: |  |
| 337406 | &nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1, 0.874% due 1/25/66<sup>(b)(c)</sup> | 292094 |
| 378867 | &nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1, 1.036% due 5/25/66<sup>(b)(c)</sup> | 321858 |
| 482930 | &nbsp;&nbsp;&nbsp;Series 2021-NQM3, Class A1, 1.091% due 5/25/66<sup>(b)(c)</sup> | 414424 |
| 705873 | &nbsp;&nbsp;&nbsp;Series 2021-NQM4, Class A1, 1.093% due 8/25/66<sup>(b)(c)</sup> | 586164 |
| 1034544 | &nbsp;&nbsp;&nbsp;Series 2021-NQM5, Class A1, 1.262% due 7/25/66<sup>(b)(c)</sup> | 863859 |
| 326066 | &nbsp;&nbsp;&nbsp;Series 2021-NQM7, Class A1, 1.915% due 8/25/66<sup>(b)(c)</sup> | 300751 |
|  | Government National Mortgage Association (GNMA): |  |
| 604720 | &nbsp;&nbsp;&nbsp;Series 2012-116, Class IB, 4.000% due 9/16/42<sup>(g)</sup> | 143411 |
| 1108635 | &nbsp;&nbsp;&nbsp;Series 2012-32, Class Z, 3.500% due 3/20/42 | 1018223 |
| 662283 | &nbsp;&nbsp;&nbsp;Series 2014-12, Class ZB, 3.000% due 1/16/44 | 602555 |
| 519026 | &nbsp;&nbsp;&nbsp;Series 2014-46, Class IO, 5.000% due 3/16/44<sup>(g)</sup> | 73154 |
| 1818128 | &nbsp;&nbsp;&nbsp;Series 2016-37, Class QF, 4.839% (1-Month TSFR + 0.514%) due 3/20/46<sup>(c)</sup> | 1779622 |
| 393996 | &nbsp;&nbsp;&nbsp;Series 2019-5, Class JI, 5.000% due 7/16/44<sup>(g)</sup> | 55965 |
| 7232732 | &nbsp;&nbsp;&nbsp;Series 2020-151, Class MI, 2.500% due 10/20/50<sup>(g)</sup> | 1056560 |
| 21498173 | &nbsp;&nbsp;&nbsp;Series 2020-173, Class JI, 2.000% due 11/20/50<sup>(g)</sup> | 2485290 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $14619090 | &nbsp;&nbsp;&nbsp;Series 2021-129, Class IO, 0.983% due 6/16/63<sup>(c)(g)</sup> | $1028554 |
| 9451413 | &nbsp;&nbsp;&nbsp;Series 2021-137, Class IQ, 3.000% due 8/20/51<sup>(g)</sup> | 1530964 |
| 20838519 | &nbsp;&nbsp;&nbsp;Series 2021-184, Class IO, 0.885% due 12/16/61<sup>(c)(g)</sup> | 1404906 |
| 741385 | &nbsp;&nbsp;&nbsp;Series 2021-215, Class KA, 2.500% due 10/20/49 | 653559 |
| 12216963 | &nbsp;&nbsp;&nbsp;Series 2021-30, Class IB, 2.500% due 2/20/51<sup>(g)</sup> | 1809530 |
| 16555212 | &nbsp;&nbsp;&nbsp;Series 2021-35, Class IO, 1.033% due 12/16/62<sup>(c)(g)</sup> | 1250147 |
| 18493241 | &nbsp;&nbsp;&nbsp;Series 2021-52, Class IO, 0.721% due 4/16/63<sup>(c)(g)</sup> | 955705 |
| 14025867 | &nbsp;&nbsp;&nbsp;Series 2021-58, Class SL, 0.000% (1-Month TSFR + 3.636%) due 4/20/51<sup>(c)(g)</sup> | 460729 |
| 3904298 | &nbsp;&nbsp;&nbsp;Series 2021-77, Class EA, 1.000% due 7/20/50 | 2954940 |
| 13245859 | &nbsp;&nbsp;&nbsp;Series 2021-77, Class IT, 2.500% due 5/20/51<sup>(g)</sup> | 1754974 |
| 18999034 | &nbsp;&nbsp;&nbsp;Series 2021-79, Class IO, 0.884% due 8/16/63<sup>(c)(g)</sup> | 1236799 |
| 6531703 | &nbsp;&nbsp;&nbsp;Series 2022-213, Class DO, 0.000% due 1/20/52<sup>(h)</sup> | 2391568 |
| 390885 | &nbsp;&nbsp;&nbsp;Series 2022-24, Class GA, 3.000% due 2/20/52 | 358049 |
| 27107165 | &nbsp;&nbsp;&nbsp;Series 2022-49, Class IO, 0.762% due 3/16/64<sup>(c)(g)</sup> | 1418195 |
| 14009480 | &nbsp;&nbsp;&nbsp;Series 2022-61, Class EI, 3.000% due 7/20/51<sup>(g)</sup> | 2073159 |
| 7415376 | &nbsp;&nbsp;&nbsp;Series 2022-64, Class IO, 2.500% due 2/20/50<sup>(g)</sup> | 793588 |
| 30378719 | &nbsp;&nbsp;&nbsp;Series 2022-80, Class IO, 0.594% due 6/16/64<sup>(c)(g)</sup> | 1338183 |
| 27831234 | &nbsp;&nbsp;&nbsp;Series 2022-82, Class IO, 0.539% due 2/16/64<sup>(c)(g)</sup> | 1184024 |
| 23874479 | &nbsp;&nbsp;&nbsp;Series 2024-29, Class AI, 0.725% due 10/16/65<sup>(c)(g)</sup> | 1433634 |
| 1405000 | GS Mortgage Securities Corp. II, Series 2024-70P, Class A, 5.310% due 3/10/41<sup>(b)(c)</sup> | 1405479 |
|  | GS Mortgage Securities Corp. Trust: |  |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR, Class D, 6.226% (1-Month TSFR + 1.897%) due 7/15/31<sup>(b)(c)</sup> | 53920 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR, Class E, 6.726% (1-Month TSFR + 2.397%) due 7/15/31<sup>(b)(c)</sup> | 39960 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR, Class F, 7.426% (1-Month TSFR + 3.097%) due 7/15/31<sup>(b)(c)</sup> | 36000 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2018-TWR, Class G, 8.551% (1-Month TSFR + 4.222%) due 7/15/31<sup>(b)(c)</sup> | 32040 |
| 200000 | &nbsp;&nbsp;&nbsp;Series 2021-IP, Class C, 5.993% (1-Month TSFR + 1.664%) due 10/15/36<sup>(b)(c)</sup> | 198500 |
|  | GS Mortgage Securities Trust: |  |
| 9817377 | &nbsp;&nbsp;&nbsp;Series 2017-GS7, Class XA, 1.073% due 8/10/50<sup>(c)(g)</sup> | 165329 |
| 1400000 | &nbsp;&nbsp;&nbsp;Series 2018-GS9, Class A4, 3.992% due 3/10/51<sup>(c)</sup> | 1370346 |
| 350000 | &nbsp;&nbsp;&nbsp;Series 2018-GS9, Class C, 4.345% due 3/10/51<sup>(c)</sup> | 300261 |
| 4127736 | HarborView Mortgage Loan Trust, Series 2006-14, Class 2A1A, 4.741% (1-Month TSFR + 0.414%) due 1/25/47<sup>(c)</sup> | 3908732 |
| 344839 | HIH Trust, Series 2024-61P, Class A, 6.171% (1-Month TSFR + 1.842%) due 10/15/41<sup>(b)(c)</sup> | 344839 |
| 1473212 | Homes Trust, Series 2023-NQM2, Class A1, step bond to yield, 6.456% due 2/25/68<sup>(b)</sup> | 1476927 |
| 320000 | HTL Commercial Mortgage Trust, Series 2024-T53, Class A, 5.876% due 5/10/39<sup>(b)(c)</sup> | 322340 |
|  | Imperial Fund Mortgage Trust: |  |
| 376063 | &nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1, 1.073% due 9/25/56<sup>(b)(c)</sup> | 316614 |
| 739983 | &nbsp;&nbsp;&nbsp;Series 2021-NQM3, Class A1, 1.595% due 11/25/56<sup>(b)(c)</sup> | 639814 |
| 1200715 | &nbsp;&nbsp;&nbsp;Series 2022-NQM2, Class A1, step bond to yield, 3.638% due 3/25/67<sup>(b)</sup> | 1139017 |
| 1150000 | IRV Trust, Series 2025-200P, Class A, 5.295% due 3/14/47<sup>(b)(c)</sup> | 1141436 |
|  | JP Morgan Chase Commercial Mortgage Securities Trust: |  |
| 1950000 | &nbsp;&nbsp;&nbsp;Series 2019-OSB, Class A, 3.397% due 6/5/39<sup>(b)</sup> | 1812168 |
| 805000 | &nbsp;&nbsp;&nbsp;Series 2020-LOOP, Class E, 3.861% due 12/5/38<sup>(b)(c)</sup> | 123158 |
| 292884 | &nbsp;&nbsp;&nbsp;Series 2022-NLP, Class A, 5.175% (1-Month TSFR + 0.847%) due 4/15/37<sup>(b)(c)</sup> | 287758 |
|  | JP Morgan Mortgage Trust: |  |
| 6350248 | &nbsp;&nbsp;&nbsp;Series 2006-S4, Class A7, 6.000% due 1/25/37 | 2269393 |
| 1458109 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class B1, 2.935% due 7/25/51<sup>(b)(c)</sup> | 1203084 |
| 529000 | JPMBB Commercial Mortgage Securities Trust, Series 2016-C1, Class A5, 3.576% due 3/17/49 | 523778 |
| 1100000 | JPMCC Commercial Mortgage Securities Trust, Series 2017-JP6, Class A5, 3.490% due 7/15/50 | 1062888 |
|  | Legacy Mortgage Asset Trust: |  |
| 277276 | &nbsp;&nbsp;&nbsp;Series 2021-GS2, Class A1, step bond to yield, 5.750% due 4/25/61<sup>(b)</sup> | 277198 |
| 383517 | &nbsp;&nbsp;&nbsp;Series 2021-GS3, Class A1, step bond to yield, 5.750% due 7/25/61<sup>(b)</sup> | 381975 |
| 188610 | &nbsp;&nbsp;&nbsp;Series 2021-GS4, Class A1, step bond to yield, 4.650% due 11/25/60<sup>(b)</sup> | 188409 |
| 2351730 | Lehman XS Trust, Series 2007-4N, Class 1A3, 4.919% (1-Month TSFR + 0.594%) due 3/25/47<sup>(c)</sup> | 2002878 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $295000 | LEX Mortgage Trust, Series 2024-BBG, Class A, 4.874% due 10/13/33<sup>(b)(c)</sup> | $294268 |
|  | Life Mortgage Trust: |  |
| 756000 | &nbsp;&nbsp;&nbsp;Series 2021-BMR, Class D, 5.843% (1-Month TSFR + 1.514%) due 3/15/38<sup>(b)(c)</sup> | 749385 |
| 2400000 | &nbsp;&nbsp;&nbsp;Series 2022-BMR2, Class D, 6.871% (1-Month TSFR + 2.542%) due 5/15/39<sup>(b)(c)</sup> | 2147808 |
| 320000 | LoanCore 2025 Issuer LLC, Series 2025-CRE8, Class A, 5.712% (1-Month TSFR + 1.385%) due 8/17/42<sup>(b)(c)</sup> | 318814 |
| 5994881 | Merrill Lynch Mortgage Investors Trust, Series 2006-AF1, Class AF1, 5.750% due 8/25/36 | 2578597 |
| 360000 | MF1, Series 2024-FL15, Class A, 6.015% (1-Month TSFR + 1.688%) due 8/18/41<sup>(b)(c)</sup> | 361112 |
| 320000 | MF1 LLC, Series 2025-FL17, Class A, 5.647% (1-Month TSFR + 1.320%) due 2/18/40<sup>(b)(c)</sup> | 318600 |
|  | MFA Trust: |  |
| 171834 | &nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1, 1.153% due 4/25/65<sup>(b)(c)</sup> | 162128 |
| 267280 | &nbsp;&nbsp;&nbsp;Series 2021-NQM2, Class A1, 1.029% due 11/25/64<sup>(b)(c)</sup> | 233434 |
| 12339 | MHC Commercial Mortgage Trust, Series 2021-MHC, Class A, 5.244% (1-Month TSFR + 0.915%) due 4/15/38<sup>(b)(c)</sup> | 12332 |
| 112000 | MHC Trust, Series 2021-MHC2, Class D, 5.943% (1-Month TSFR + 1.614%) due 5/15/38<sup>(b)(c)</sup> | 111790 |
| 1405000 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C26, Class A5, 3.531% due 10/15/48 | 1396913 |
|  | Morgan Stanley Capital I Trust: |  |
| 13142407 | &nbsp;&nbsp;&nbsp;Series 2016-UB11, Class XA, 1.429% due 8/15/49<sup>(c)(g)</sup> | 145970 |
| 11149530 | &nbsp;&nbsp;&nbsp;Series 2016-UB12, Class XA, 0.630% due 12/15/49<sup>(c)(g)</sup> | 70398 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2019-H7, Class AS, 3.524% due 7/15/52 | 372011 |
| 20541000 | &nbsp;&nbsp;&nbsp;Series 2019-L3, Class XA, 0.605% due 11/15/52<sup>(c)(g)</sup> | 472392 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2020-L4, Class B, 3.082% due 2/15/53 | 356762 |
| 355766 | &nbsp;&nbsp;&nbsp;Series 2024-NSTB, Class A, 3.900% due 9/24/57<sup>(b)(c)</sup> | 342880 |
| 798167 | MSWF Commercial Mortgage Trust, Series 2023-2, Class XA, 0.907% due 12/15/56<sup>(c)(g)</sup> | 47176 |
|  | New Residential Mortgage Loan Trust: |  |
| 241174 | &nbsp;&nbsp;&nbsp;Series 2021-NQ1R, Class A1, 0.943% due 7/25/55<sup>(b)(c)</sup> | 218414 |
| 120182 | &nbsp;&nbsp;&nbsp;Series 2021-NQ2R, Class A1, 0.941% due 10/25/58<sup>(b)(c)</sup> | 114151 |
| 815305 | &nbsp;&nbsp;&nbsp;Series 2021-NQM3, Class A1, 1.156% due 11/27/56<sup>(b)(c)</sup> | 704564 |
| 1132000 | NJ, Series 2025-WBRK, Class A, 5.867% due 3/5/35<sup>(b)(c)</sup> | 1161732 |
| 790837 | NMLT Trust, Series 2021-INV1, Class A1, 1.185% due 5/25/56<sup>(b)(c)</sup> | 683414 |
| 2650000 | NXPT Commercial Mortgage Trust, Series 2024-STOR, Class A, 4.312% due 11/5/41<sup>(b)(c)</sup> | 2585627 |
| 195000 | NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.664% due 2/10/47<sup>(b)(c)</sup> | 199006 |
| 590000 | NYC Commercial Mortgage Trust, Series 2025-3BP, Class A, 5.542% (1-Month TSFR + 1.213%) due 2/15/42<sup>(b)(c)</sup> | 588265 |
|  | OBX Trust: |  |
| 545490 | &nbsp;&nbsp;&nbsp;Series 2021-NQM1, Class A1, 1.072% due 2/25/66<sup>(b)(c)</sup> | 463333 |
| 490777 | &nbsp;&nbsp;&nbsp;Series 2021-NQM3, Class A1, 1.054% due 7/25/61<sup>(b)(c)</sup> | 396867 |
| 1010597 | &nbsp;&nbsp;&nbsp;Series 2022-NQM1, Class A1, 2.305% due 11/25/61<sup>(b)(c)</sup> | 896245 |
| 981746 | PRET LLC, Series 2021-RN3, Class A1, step bond to yield, 4.843% due 9/25/51<sup>(b)</sup> | 977230 |
|  | Rali Trust: |  |
| 842775 | &nbsp;&nbsp;&nbsp;Series 2005-QS13, Class 1A3, 5.500% due 9/25/35 | 666991 |
| 2564567 | &nbsp;&nbsp;&nbsp;Series 2006-QS17, Class A8, 6.000% due 12/25/36 | 2121349 |
| 100000 | RCO VIII Mortgage LLC, Series 2025-3, Class A1, step bond to yield, 6.435% due 5/25/30<sup>(b)</sup> | 99877 |
| 3273095 | Residential Asset Securitization Trust, Series 2005-A8CB, Class A6, 5.000% due 7/25/35 | 1698600 |
|  | Residential Mortgage Loan Trust: |  |
| 3100000 | &nbsp;&nbsp;&nbsp;Series 2020-1, Class M1, 3.242% due 1/26/60<sup>(b)(c)</sup> | 3000614 |
| 102504 | &nbsp;&nbsp;&nbsp;Series 2021-1R, Class A1, 0.859% due 1/25/65<sup>(b)(c)</sup> | 98043 |
| 174000 | ROCK Trust, Series 2024-CNTR, Class A, 5.388% due 11/13/41<sup>(b)</sup> | 176196 |
|  | SG Residential Mortgage Trust: |  |
| 753406 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class A1, 1.160% due 7/25/61<sup>(b)(c)</sup> | 618072 |
| 5238000 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class B1, 4.038% due 12/25/61<sup>(b)(c)</sup> | 3906418 |
| 1455000 | SHR Trust, Series 2024-LXRY, Class A, 6.279% (1-Month TSFR + 1.950%) due 10/15/41<sup>(b)(c)</sup> | 1456820 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| $| 1760000 | SMRT, Series 2022-MINI, Class D, 6.279% (1-Month TSFR + 1.950%) due 1/15/39<sup>(b)(c)</sup> | $1729200 |
|  | 109049 | SREIT Trust, Series 2021-MFP, Class C, 5.772% (1-Month TSFR + 1.443%) due 11/15/38<sup>(b)(c)</sup> | 108640 |
|  | 326856 | STAR Trust, Series 2021-1, Class A1, 1.219% due 5/25/65<sup>(b)(c)</sup> | 304550 |
|  |  | Starwood Mortgage Residential Trust: |  |
|  | 109203 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A1, 0.943% due 5/25/65<sup>(b)(c)</sup> | 101864 |
|  | 559321 | &nbsp;&nbsp;&nbsp;Series 2021-3, Class A1, 1.127% due 6/25/56<sup>(b)(c)</sup> | 471136 |
|  | 757363 | &nbsp;&nbsp;&nbsp;Series 2021-4, Class A1, 1.162% due 8/25/56<sup>(b)(c)</sup> | 658930 |
|  | 763106 | &nbsp;&nbsp;&nbsp;Series 2021-6, Class A1, 1.920% due 11/25/66<sup>(b)(c)</sup> | 670430 |
|  | 220000 | TCO Commercial Mortgage Trust, Series 2024-DPM, Class C, 6.321% (1-Month TSFR + 1.992%) due 12/15/39<sup>(b)(c)</sup> | 215998 |
|  | 985000 | TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class A, 5.622% (1-Month TSFR + 1.293%) due 4/15/42<sup>(b)(c)</sup> | 980536 |
|  |  | Towd Point Mortgage Trust: |  |
|  | 1402036 | &nbsp;&nbsp;&nbsp;Series 2021-R1, Class A1, 2.918% due 11/30/60<sup>(b)(c)</sup> | 1204018 |
|  | 2394713 | &nbsp;&nbsp;&nbsp;Series 2022-4, Class A1, 3.750% due 9/25/62<sup>(b)</sup> | 2275392 |
|  | 266650 | TRK Trust, Series 2021-INV1, Class A1, 1.153% due 7/25/56<sup>(b)(c)</sup> | 235765 |
|  | 319389 | TRTX Issuer Ltd., Series 2022-FL5, Class A, 5.979% (1-Month TSFR + 1.650%) due 2/15/39<sup>(b)(c)</sup> | 319171 |
|  | 3683807 | UBS Commercial Mortgage Trust, Series 2017-C1, Class XA, 1.469% due 6/15/50<sup>(c)(g)</sup> | 75625 |
|  | 173000 | VEGAS Trust, Series 2024-TI, Class A, 5.518% due 11/10/39<sup>(b)</sup> | 174562 |
|  |  | Verus Securitization Trust: |  |
|  | 3814000 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class B1, 2.977% due 1/25/66<sup>(b)(c)</sup> | 2870919 |
|  | 197011 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A1, 1.031% due 2/25/66<sup>(b)(c)</sup> | 173679 |
|  | 352072 | &nbsp;&nbsp;&nbsp;Series 2021-4, Class A1, 0.938% due 7/25/66<sup>(b)(c)</sup> | 289924 |
|  | 864381 | &nbsp;&nbsp;&nbsp;Series 2021-5, Class A1, 1.013% due 9/25/66<sup>(b)(c)</sup> | 737665 |
|  | 895217 | &nbsp;&nbsp;&nbsp;Series 2021-6, Class A1, 1.630% due 10/25/66<sup>(b)(c)</sup> | 775824 |
|  | 1099938 | &nbsp;&nbsp;&nbsp;Series 2021-7, Class A1, step bond to yield, 1.829% due 10/25/66<sup>(b)</sup> | 982865 |
|  | 109682 | &nbsp;&nbsp;&nbsp;Series 2021-R1, Class A1, 0.820% due 10/25/63<sup>(b)(c)</sup> | 105437 |
|  | 232249 | &nbsp;&nbsp;&nbsp;Series 2021-R2, Class A1, 0.918% due 2/25/64<sup>(b)(c)</sup> | 214044 |
|  | 782360 | &nbsp;&nbsp;&nbsp;Series 2022-1, Class A1, step bond to yield, 2.724% due 1/25/67<sup>(b)</sup> | 720790 |
|  | 139123 | VOLT C LLC, Series 2021-NPL9, Class A1, step bond to yield, 5.992% due 5/25/51<sup>(b)</sup> | 138823 |
|  | 45405 | VOLT XCIII LLC, Series 2021-NPL2, Class A1, step bond to yield, 5.893% due 2/27/51<sup>(b)</sup> | 45354 |
|  | 346695 | VOLT XCVII LLC, Series 2021-NPL6, Class A1, step bond to yield, 6.240% due 4/25/51<sup>(b)</sup> | 346154 |
|  |  | Wells Fargo Commercial Mortgage Trust: |  |
|  | 1400000 | &nbsp;&nbsp;&nbsp;Series 2016-BNK1, Class A3, 2.652% due 8/15/49 | 1358863 |
|  | 8600169 | &nbsp;&nbsp;&nbsp;Series 2017-C38, Class XA, 0.909% due 7/15/50<sup>(c)(g)</sup> | 116379 |
|  | 484787 | &nbsp;&nbsp;&nbsp;Series 2018-C45, Class ASB, 4.147% due 6/15/51 | 482080 |
|  | 361000 | &nbsp;&nbsp;&nbsp;Series 2019-JWDR, Class C, 3.038% due 9/15/31<sup>(b)(c)</sup> | 353487 |
|  | 4339304 | &nbsp;&nbsp;&nbsp;Series 2024-C63, Class XA, 1.004% due 8/15/57<sup>(c)(g)</sup> | 319202 |
|  |  | Total Mortgage Securities | 271235534 |
|  |  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |  |
|  |  | (Cost - $325,782,985) | **278380916** |
| **ASSET-BACKED SECURITIES - 11.5%** | **ASSET-BACKED SECURITIES - 11.5%** | **ASSET-BACKED SECURITIES - 11.5%** |  |
| **Automobile ABS - 2.9%** | **Automobile ABS - 2.9%** | **Automobile ABS - 2.9%** |  |
|  | 1470000 | AmeriCredit Automobile Receivables Trust, Series 2022-2, Class B, 4.810% due 4/18/28 | 1468380 |
|  | 2960000 | Avis Budget Rental Car Funding AESOP LLC, Series 2020-1A, Class A, 2.330% due 8/20/26<sup>(b)</sup> | 2950280 |
|  | 1000000 | Chase Auto Owner Trust, Series 2024-5A, Class A4, 4.150% due 3/25/30<sup>(b)</sup> | 990672 |
|  | 31559 | CPS Auto Receivables Trust, Series 2023-B, Class A, 5.910% due 8/16/27<sup>(b)</sup> | 31575 |
|  | 47271 | DT Auto Owner Trust, Series 2023-1A, Class B, 5.190% due 10/16/28<sup>(b)</sup> | 47279 |
|  | 2974472 | Enterprise Fleet Financing LLC, Series 2024-3, Class A2, 5.310% due 4/20/27<sup>(b)</sup> | 2984004 |
|  |  | Exeter Automobile Receivables Trust: |  |
|  | 38918 | &nbsp;&nbsp;&nbsp;Series 2021-1A, Class D, 1.080% due 11/16/26 | 38823 |
|  | 900000 | &nbsp;&nbsp;&nbsp;Series 2021-1A, Class E, 2.210% due 2/15/28<sup>(b)</sup> | 889705 |
|  | 49404 | &nbsp;&nbsp;&nbsp;Series 2023-3A, Class B, 6.110% due 9/15/27 | 49468 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** |  |
| **Automobile ABS - (continued)** | **Automobile ABS - (continued)** | **Automobile ABS - (continued)** |  |
|  |  | Ford Credit Auto Lease Trust: |  |
| $| 5640000 | &nbsp;&nbsp;&nbsp;Series 2023-B, Class B, 6.200% due 2/15/27 | $5690544 |
|  | 5800000 | &nbsp;&nbsp;&nbsp;Series 2024-B, Class A3, 4.990% due 12/15/27 | 5833643 |
|  |  | Ford Credit Auto Owner Trust: |  |
|  | 3650000 | &nbsp;&nbsp;&nbsp;Series 2020-2, Class C, 1.740% due 4/15/33<sup>(b)</sup> | 3603580 |
|  | 3350000 | &nbsp;&nbsp;&nbsp;Series 2023-B, Class B, 5.560% due 3/15/29 | 3398553 |
|  | 2405000 | &nbsp;&nbsp;&nbsp;Series 2023-B, Class C, 5.710% due 12/15/30 | 2440847 |
|  |  | GM Financial Consumer Automobile Receivables Trust: |  |
|  | 2455000 | &nbsp;&nbsp;&nbsp;Series 2023-2, Class B, 4.820% due 10/16/28 | 2465363 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;Series 2023-2, Class C, 5.210% due 12/18/28 | 1512840 |
|  | 1555000 | &nbsp;&nbsp;&nbsp;Series 2023-3, Class B, 5.720% due 1/16/29 | 1584590 |
|  | 2290000 | &nbsp;&nbsp;&nbsp;Series 2023-3, Class C, 5.920% due 2/16/29 | 2337370 |
|  | 152088 | Santander Drive Auto Receivables Trust, Series 2023-1, Class B, 4.980% due 2/15/28 | 152118 |
|  | 154910 | Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038% due 7/25/31<sup>(b)</sup> | 155601 |
|  | 5950000 | Wheels Fleet Lease Funding 1 LLC, Series 2024-2A, Class A1, 4.870% due 6/21/39<sup>(b)</sup> | 5966928 |
|  |  | Total Automobile ABS | 44592163 |
| **Commercial MBS - 0.2%** | **Commercial MBS - 0.2%** | **Commercial MBS - 0.2%** |  |
|  |  | BSPRT Issuer Ltd.: |  |
|  | 18200 | &nbsp;&nbsp;&nbsp;Series 2021-FL6, Class A, 5.543% (1-Month TSFR + 1.214%) due 3/15/36<sup>(b)(c)</sup> | 18196 |
|  | 370000 | &nbsp;&nbsp;&nbsp;Series 2021-FL7, Class B, 6.493% (1-Month TSFR + 2.164%) due 12/15/38<sup>(b)(c)</sup> | 369780 |
|  | 264972 | FS RIALTO, Series 2021-FL2, Class A, 5.663% (1-Month TSFR + 1.334%) due 5/16/38<sup>(b)(c)</sup> | 264135 |
|  | 242965 | Greystone CRE Notes Ltd., Series 2021-FL3, Class A, 5.463% (1-Month TSFR + 1.134%) due 7/15/39<sup>(b)(c)</sup> | 242825 |
|  | 175888 | KREF Ltd., Series 2021-FL2, Class A, 5.513% (1-Month TSFR + 1.184%) due 2/15/39<sup>(b)(c)</sup> | 175346 |
|  | 334251 | MF1 LLC, Series 2022-FL9, Class A, 6.474% (1-Month TSFR + 2.150%) due 6/19/37<sup>(b)(c)</sup> | 334886 |
|  |  | MF1 Ltd.: |  |
|  | 199229 | &nbsp;&nbsp;&nbsp;Series 2021-FL7, Class A, 5.521% (1-Month TSFR + 1.194%) due 10/16/36<sup>(b)(c)</sup> | 198991 |
|  | 102006 | &nbsp;&nbsp;&nbsp;Series 2022-FL8, Class A, 5.674% (1-Month TSFR + 1.350%) due 2/19/37<sup>(b)(c)</sup> | 101931 |
|  | 845000 | &nbsp;&nbsp;&nbsp;Series 2022-FL8, Class AS, 6.074% (1-Month TSFR + 1.750%) due 2/19/37<sup>(b)(c)</sup> | 843079 |
|  | 243744 | STWD Ltd., Series 2021-FL2, Class A, 5.643% (1-Month TSFR + 1.314%) due 4/18/38<sup>(b)(c)</sup> | 241570 |
|  | 243947 | TRTX Issuer Ltd., Series 2021-FL4, Class A, 5.643% (1-Month TSFR + 1.314%) due 3/15/38<sup>(b)(c)</sup> | 243014 |
|  |  | Total Commercial MBS | 3033753 |
| **Credit Card ABS - 0.1%** | **Credit Card ABS - 0.1%** | **Credit Card ABS - 0.1%** |  |
|  | 1430000 | Synchrony Card Funding LLC, Series 2023-A2, Class A, 5.740% due 10/15/29 | 1454681 |
| **Home Equity ABS - 1.0%** | **Home Equity ABS - 1.0%** | **Home Equity ABS - 1.0%** |  |
|  | 1276075 | Asset Backed Securities Corp. Home Equity Loan Trust, Series 2007-HE2, Class A4, 4.669% (1-Month TSFR + 0.344%) due 5/25/37<sup>(c)</sup> | 899134 |
|  | 4123043 | C-BASS Trust, Series 2006-CB9, Class A4, 4.899% (1-Month TSFR + 0.574%) due 11/25/36<sup>(c)</sup> | 1852663 |
|  | 3809760 | Credit-Based Asset Servicing & Securitization LLC, Series 2006-CB4, Class AV4, 2.804% (1-Month TSFR + 0.594%) due 5/25/36<sup>(c)</sup> | 2548792 |
|  | 7212249 | Merrill Lynch Mortgage Investors Trust, Series 2006-HE6, Class A1, 3.846% (1-Month TSFR + 0.394%) due 11/25/37<sup>(c)</sup> | 3465095 |
|  | 4000000 | New Century Home Equity Loan Trust, Series 2005-B, Class M2, 5.174% (1-Month TSFR + 0.849%) due 10/25/35<sup>(c)</sup> | 3446444 |
|  | 8700000 | Structured Asset Investment Loan Trust, Series 2006-4, Class A5, 5.059% (1-Month TSFR + 0.734%) due 7/25/36<sup>(c)</sup> | 3087847 |
|  |  | Total Home Equity ABS | 15299975 |
| **Other ABS - 7.0%** | **Other ABS - 7.0%** | **Other ABS - 7.0%** |  |
|  | 405000 | Affirm Asset Securitization Trust, Series 2024-A, Class A, 5.610% due 2/15/29<sup>(b)</sup> | 406351 |
|  | 690000 | Aligned Data Centers Issuer LLC, Series 2023-1A, Class A2, 6.000% due 8/17/48<sup>(b)</sup> | 695698 |
|  |  | AMSR Trust: |  |
|  | 2392000 | &nbsp;&nbsp;&nbsp;Series 2024-SFR1, Class B, step bond to yield, 4.290% due 7/17/41<sup>(b)</sup> | 2310393 |
|  | 415000 | &nbsp;&nbsp;&nbsp;Series 2024-SFR2, Class A, 4.150% due 11/17/41<sup>(b)</sup> | 402427 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** |  |
| **Other ABS - (continued)** | **Other ABS - (continued)** |  |
| $500000 | APIDOS CLO XLI Ltd., Series 2022-41A, Class D1R, 7.269% (3-Month TSFR + 3.000%) due 10/20/37<sup>(b)(c)</sup> | $502195 |
| 440000 | Auxilior Term Funding LLC, Series 2024-1A, Class A3, 5.490% due 7/15/31<sup>(b)</sup> | 447539 |
| 750000 | Avant Loans Funding Trust, Series 2024-REV1, Class A, 5.920% due 10/15/33<sup>(b)</sup> | 755169 |
| 1045000 | Bain Capital Credit CLO Ltd., Series 2023-4A, Class B, 6.769% (3-Month TSFR + 2.500%) due 10/21/36<sup>(b)(c)</sup> | 1050141 |
| 835000 | Barings CLO Ltd., Series 2024-1A, Class B, 6.369% (3-Month TSFR + 2.100%) due 1/20/37<sup>(b)(c)</sup> | 838093 |
| 1000000 | Battalion CLO XI Ltd., Series 2017-11A, Class AR, 5.687% (3-Month TSFR + 1.412%) due 4/24/34<sup>(b)(c)</sup> | 1000764 |
| 500000 | Battalion CLO XXI Ltd., Series 2021-21A, Class B, 6.268% (3-Month TSFR + 2.012%) due 7/15/34<sup>(b)(c)</sup> | 501015 |
| 303286 | Blue Owl Asset Leasing Trust LLC, Series 2024-1A, Class A2, 5.050% due 3/15/29<sup>(b)</sup> | 303526 |
| 500000 | Brant Point CLO Ltd., Series 2024-5A, Class D1, 7.369% (3-Month TSFR + 3.100%) due 10/20/37<sup>(b)(c)</sup> | 498330 |
| 500000 | Carlyle US CLO, Series 2024-4A, Class D, 7.469% (3-Month TSFR + 3.200%) due 7/20/37<sup>(b)(c)</sup> | 498377 |
| 500000 | CARLYLE US CLO Ltd., Series 2018-4A, Class D1R, 7.380% (3-Month TSFR + 3.100%) due 10/17/37<sup>(b)(c)</sup> | 502694 |
|  | CBAM Ltd.: |  |
| 1495000 | &nbsp;&nbsp;&nbsp;Series 2017-2A, Class BR, 6.391% (3-Month TSFR + 2.112%) due 7/17/34<sup>(b)(c)</sup> | 1495489 |
| 750000 | &nbsp;&nbsp;&nbsp;Series 2019-10A, Class DR, 8.031% (3-Month TSFR + 3.762%) due 4/20/32<sup>(b)(c)</sup> | 745541 |
| 1000000 | Cedar Funding XIX CLO Ltd., Series 2024-19A, Class D1, 7.241% (3-Month TSFR + 3.000%) due 1/23/38<sup>(b)(c)</sup> | 999672 |
|  | CF Hippolyta Issuer LLC: |  |
| 285227 | &nbsp;&nbsp;&nbsp;Series 2020-1, Class A1, 1.690% due 7/15/60<sup>(b)</sup> | 283111 |
| 122518 | &nbsp;&nbsp;&nbsp;Series 2021-1A, Class A1, 1.530% due 3/15/61<sup>(b)</sup> | 117964 |
| 108381 | &nbsp;&nbsp;&nbsp;Series 2021-1A, Class B1, 1.980% due 3/15/61<sup>(b)</sup> | 103873 |
| 183701 | &nbsp;&nbsp;&nbsp;Series 2022-1A, Class A1, 5.970% due 8/15/62<sup>(b)</sup> | 183760 |
| 500000 | CIFC Funding Ltd., Series 2018-2A, Class D1R, 7.319% (3-Month TSFR + 3.050%) due 10/20/37<sup>(b)(c)</sup> | 498747 |
|  | Clover CLO LLC: |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2018-1A, Class A1RR, 5.799% (3-Month TSFR + 1.530%) due 4/20/37<sup>(b)(c)</sup> | 501649 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2021-3A, Class DR, 6.832% (3-Month TSFR + 2.550%) due 1/25/35<sup>(b)(c)</sup> | 488833 |
|  | CNH Equipment Trust: |  |
| 2675836 | &nbsp;&nbsp;&nbsp;Series 2024-C, Class A2A, 4.300% due 2/18/28 | 2671340 |
| 2670000 | &nbsp;&nbsp;&nbsp;Series 2024-C, Class A3, 4.030% due 1/15/30 | 2656684 |
| 1000000 | Cologix Data Centers US Issuer LLC, Series 2021-1A, Class A2, 3.300% due 12/26/51<sup>(b)</sup> | 961208 |
| 341431 | Commercial Equipment Finance LLC, Series 2024-1A, Class A, 5.970% due 7/16/29<sup>(b)</sup> | 344297 |
| 1000000 | CyrusOne Data Centers Issuer I LLC, Series 2024-2A, Class A2, 4.500% due 5/20/49<sup>(b)</sup> | 963643 |
|  | DB Master Finance LLC: |  |
| 1569263 | &nbsp;&nbsp;&nbsp;Series 2019-1A, Class A23, 4.352% due 5/20/49<sup>(b)</sup> | 1528565 |
| 322310 | &nbsp;&nbsp;&nbsp;Series 2021-1A, Class A23, 2.791% due 11/20/51<sup>(b)</sup> | 278170 |
|  | Domino's Pizza Master Issuer LLC: |  |
| 848663 | &nbsp;&nbsp;&nbsp;Series 2015-1A, Class A2II, 4.474% due 10/25/45<sup>(b)</sup> | 845964 |
| 974400 | &nbsp;&nbsp;&nbsp;Series 2019-1A, Class A2, 3.668% due 10/25/49<sup>(b)</sup> | 920544 |
| 1248690 | &nbsp;&nbsp;&nbsp;Series 2021-1A, Class A2I, 2.662% due 4/25/51<sup>(b)</sup> | 1158540 |
| 655000 | Elmwood CLO 23 Ltd., Series 2023-2A, Class BR, 6.079% (3-Month TSFR + 1.750%) due 4/16/36<sup>(b)(c)</sup> | 654959 |
| 500000 | Elmwood CLO XII Ltd., Series 2021-5A, Class D1R, 7.356% (3-Month TSFR + 3.100%) due 10/15/37<sup>(b)(c)</sup> | 491306 |
| 500000 | ExteNet Issuer LLC, Series 2024-1A, Class B, 6.150% due 7/25/54<sup>(b)</sup> | 503352 |
| 800000 | Fillmore Park CLO Ltd., Series 2018-1A, Class D, 7.418% (3-Month TSFR + 3.162%) due 7/15/30<sup>(b)(c)</sup> | 801180 |
| 1339706 | FirstKey Homes Trust, Series 2022-SFR2, Class A, 4.250% due 7/17/39<sup>(b)</sup> | 1323806 |
| 500000 | Goldentree Loan Management US CLO 12 Ltd., Series 2022-12A, Class DR, 7.272% (3-Month TSFR + 3.000%) due 7/20/37<sup>(b)(c)</sup> | 501632 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** |  |
| **Other ABS - (continued)** | **Other ABS - (continued)** |  |
| $1357279 | GoodLeap Sustainable Home Solutions Trust, Series 2021-5CS, Class C, 3.500% due 10/20/48<sup>(b)</sup> | $752103 |
|  | Home Partners of America Trust: |  |
| 1620198 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class D, 2.477% due 9/17/41<sup>(b)</sup> | 1406474 |
| 740090 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class E, 2.577% due 9/17/41<sup>(b)</sup> | 630573 |
| 852605 | &nbsp;&nbsp;&nbsp;Series 2021-1, Class F, 3.325% due 9/17/41<sup>(b)</sup> | 716586 |
| 2936978 | Horizon Aircraft Finance III Ltd., Series 2019-2, Class A, 3.425% due 11/15/39<sup>(b)</sup> | 2788350 |
| 483350 | Horizon Aircraft Finance IV Ltd., Series 2024-1, Class A, 5.375% due 9/15/49<sup>(b)</sup> | 472096 |
|  | HPEFS Equipment Trust: |  |
| 3105000 | &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A3, 5.180% due 5/20/31<sup>(b)</sup> | 3111342 |
| 1725000 | &nbsp;&nbsp;&nbsp;Series 2024-2A, Class B, 5.350% due 10/20/31<sup>(b)</sup> | 1740033 |
|  | John Deere Owner Trust: |  |
| 1950000 | &nbsp;&nbsp;&nbsp;Series 2023-B, Class A4, 5.110% due 5/15/30 | 1969790 |
| 2400000 | &nbsp;&nbsp;&nbsp;Series 2023-C, Class A4, 5.390% due 8/15/30 | 2440499 |
| 6900000 | &nbsp;&nbsp;&nbsp;Series 2024-A, Class A4, 4.910% due 2/18/31 | 6973087 |
| 1000000 | Katayma CLO I Ltd., Series 2023-1A, Class D, 9.519% (3-Month TSFR + 5.250%) due 10/20/36<sup>(b)(c)</sup> | 1011626 |
| 3350000 | Kubota Credit Owner Trust, Series 2024-1A, Class A3, 5.190% due 7/17/28<sup>(b)</sup> | 3390359 |
| 1000000 | LCM XV LP, Series 15A, Class DR, 8.231% (3-Month TSFR + 3.962%) due 7/20/30<sup>(b)(c)</sup> | 1002476 |
| 1000000 | Marble Point CLO XXI Ltd., Series 2021-3A, Class A1, 5.781% (3-Month TSFR + 1.502%) due 10/17/34<sup>(b)(c)</sup> | 1000957 |
| 550000 | New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class A1, 1.910% due 10/20/61<sup>(b)</sup> | 516158 |
| 600000 | Octagon Investment Partners 44 Ltd., Series 2019-1A, Class DR, 7.768% (3-Month TSFR + 3.512%) due 10/15/34<sup>(b)(c)</sup> | 594089 |
| 1000000 | OHA Credit Funding 2 Ltd., Series 2019-2A, Class D1R2, 6.969% (3-Month TSFR + 2.700%) due 1/21/38<sup>(b)(c)</sup> | 993261 |
| 6029 | Pagaya AI Debt Trust, Series 2023-3, Class A, 7.600% due 12/16/30<sup>(b)</sup> | 6035 |
| 2915000 | PFS Financing Corp., Series 2023-C, Class A, 5.520% due 10/15/28<sup>(b)</sup> | 2954901 |
| 1800000 | PMT Issuer Trust - FMSR, Series 2021-FT1, Class A, 7.440% (1-Month TSFR + 3.115%) due 3/25/26<sup>(b)(c)</sup> | 1804990 |
|  | Progress Residential Trust: |  |
| 2065000 | &nbsp;&nbsp;&nbsp;Series 2021-SFR11, Class B, 2.732% due 1/17/39<sup>(b)</sup> | 1901139 |
| 321295 | &nbsp;&nbsp;&nbsp;Series 2022-SFR3, Class A, 3.200% due 4/17/39<sup>(b)</sup> | 312041 |
| 237732 | &nbsp;&nbsp;&nbsp;Series 2022-SFR5, Class A, 4.451% due 6/17/39<sup>(b)</sup> | 236438 |
| 1058950 | &nbsp;&nbsp;&nbsp;Series 2022-SFR6, Class A, 4.451% due 7/20/39<sup>(b)</sup> | 1052159 |
| 548783 | &nbsp;&nbsp;&nbsp;Series 2023-SFR1, Class A, 4.300% due 3/17/40<sup>(b)</sup> | 541034 |
| 466692 | &nbsp;&nbsp;&nbsp;Series 2024-SFR2, Class A, 3.300% due 4/17/41<sup>(b)</sup> | 440757 |
| 730000 | &nbsp;&nbsp;&nbsp;Series 2025-SFR1, Class A, step bond to yield, 3.400% due 2/17/42<sup>(b)</sup> | 683705 |
|  | Retained Vantage Data Centers Issuer LLC: |  |
| 1040000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class A2A, 5.000% due 9/15/48<sup>(b)</sup> | 1028079 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2023-1A, Class B, 5.750% due 9/15/48<sup>(b)</sup> | 484576 |
| 560000 | &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 4.992% due 9/15/49<sup>(b)</sup> | 550080 |
| 1420000 | RR 23 Ltd., Series 2022-23A, Class A2R, 6.906% (3-Month TSFR + 2.650%) due 10/15/35<sup>(b)(c)</sup> | 1423819 |
| 165000 | Sabey Data Center Issuer LLC, Series 2024-1, Class A2, 6.000% due 4/20/49<sup>(b)</sup> | 166750 |
| 285000 | SCF Equipment Leasing LLC, Series 2024-1A, Class A3, 5.520% due 1/20/32<sup>(b)</sup> | 291893 |
| 500000 | Shackleton CLO Ltd., Series 2013-3A, Class DR, 7.538% (3-Month TSFR + 3.282%) due 7/15/30<sup>(b)(c)</sup> | 500115 |
| 500000 | Sound Point CLO VI-R Ltd., Series 2014-2RA, Class B, 6.331% (3-Month TSFR + 2.062%) due 10/20/31<sup>(b)(c)</sup> | 500288 |
|  | Stack Infrastructure Issuer LLC: |  |
| 590000 | &nbsp;&nbsp;&nbsp;Series 2023-2A, Class A2, 5.900% due 7/25/48<sup>(b)</sup> | 593515 |
| 320000 | &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2, 5.900% due 3/25/49<sup>(b)</sup> | 323632 |
| 3500000 | STAR Trust, Series 2021-SFR1, Class G, 7.643% (1-Month TSFR + 3.314%) due 4/17/38<sup>(b)(c)</sup> | 3486838 |
| 497500 | Subway Funding LLC, Series 2024-1A, Class A23, 6.505% due 7/30/54<sup>(b)</sup> | 505841 |
| 361908 | Sunnova Helios V Issuer LLC, Series 2021-A, Class A, 1.800% due 2/20/48<sup>(b)</sup> | 275292 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** |  |
| **Other ABS - (continued)** | **Other ABS - (continued)** | **Other ABS - (continued)** |  |
| $| 1635060 | Sunrun Demeter Issuer LLC, Series 2021-2A, Class A, 2.270% due 1/30/57<sup>(b)</sup> | $1420619 |
|  | 1000000 | Switch ABS Issuer LLC, Series 2024-2A, Class B, 6.200% due 6/25/54<sup>(b)</sup> | 1004049 |
|  | 1473750 | Taco Bell Funding LLC, Series 2021-1A, Class A23, 2.542% due 8/25/51<sup>(b)</sup> | 1258526 |
|  |  | T-Mobile US Trust: |  |
|  | 2300000 | &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A, 5.050% due 9/20/29<sup>(b)</sup> | 2315085 |
|  | 6000000 | &nbsp;&nbsp;&nbsp;Series 2024-2A, Class A, 4.250% due 5/21/29<sup>(b)</sup> | 5988376 |
|  |  | Tricon Residential Trust: |  |
|  | 379330 | &nbsp;&nbsp;&nbsp;Series 2023-SFR1, Class A, 5.100% due 7/17/40<sup>(b)</sup> | 379449 |
|  | 260000 | &nbsp;&nbsp;&nbsp;Series 2024-SFR1, Class A, 4.650% due 4/17/41<sup>(b)</sup> | 257972 |
|  | 618331 | &nbsp;&nbsp;&nbsp;Series 2024-SFR4, Class A, 4.300% due 11/17/41<sup>(b)</sup> | 603271 |
|  |  | Upstart Pass-Through Trust: |  |
|  | 36558 | &nbsp;&nbsp;&nbsp;Series 2021-ST3, Class A, 2.000% due 5/20/27<sup>(b)</sup> | 36344 |
|  | 68513 | &nbsp;&nbsp;&nbsp;Series 2021-ST4, Class A, 2.000% due 7/20/27<sup>(b)</sup> | 67869 |
|  | 670000 | VB-S1 Issuer LLC - VBTEL, Series 2024-1A, Class C2, 5.590% due 5/15/54<sup>(b)</sup> | 674753 |
|  | 1710000 | Venture 42 CLO Ltd., Series 2021-42A, Class A1A, 5.648% (3-Month TSFR + 1.392%) due 4/15/34<sup>(b)(c)</sup> | 1715355 |
|  |  | Verizon Master Trust: |  |
|  | 3355000 | &nbsp;&nbsp;&nbsp;Series 2024-1, Class C, 5.490% due 12/20/28 | 3365466 |
|  | 2695000 | &nbsp;&nbsp;&nbsp;Series 2024-8, Class B, 4.820% due 11/20/30 | 2695742 |
|  | 1055000 | &nbsp;&nbsp;&nbsp;Series 2024-8, Class C, 4.990% due 11/20/30 | 1055854 |
|  | 500000 | Wellfleet CLO Ltd., Series 2019-1A, Class CR, 8.081% (3-Month TSFR + 3.812%) due 7/20/32<sup>(b)(c)</sup> | 496703 |
|  | 943325 | Wendy's Funding LLC, Series 2022-1A, Class A2I, 4.236% due 3/15/52<sup>(b)</sup> | 917146 |
|  | 985000 | Wingstop Funding LLC, Series 2020-1A, Class A2, 2.841% due 12/5/50<sup>(b)</sup> | 929530 |
|  | 685000 | Zayo Issuer LLC, Series 2025-1A, Class A2, 5.648% due 3/20/55<sup>(b)</sup> | 688272 |
|  |  | Total Other ABS | 110180698 |
| **Student Loan ABS - 0.1%** | **Student Loan ABS - 0.1%** | **Student Loan ABS - 0.1%** |  |
|  |  | Navient Private Education Refi Loan Trust: |  |
|  | 298579 | &nbsp;&nbsp;&nbsp;Series 2021-EA, Class A, 0.970% due 12/16/69<sup>(b)</sup> | 265610 |
|  | 467821 | &nbsp;&nbsp;&nbsp;Series 2021-FA, Class A, 1.110% due 2/18/70<sup>(b)</sup> | 411682 |
|  | 588317 | &nbsp;&nbsp;&nbsp;Series 2023-A, Class A, 5.510% due 10/15/71<sup>(b)</sup> | 592678 |
|  | 1000000 | Sofi Professional Loan Program Trust, Series 2018-B, Class BFX, 3.830% due 8/25/47<sup>(b)</sup> | 955326 |
|  |  | Total Student Loan ABS | 2225296 |
| **WL Collateral CMO - 0.2%** | **WL Collateral CMO - 0.2%** | **WL Collateral CMO - 0.2%** |  |
|  | 4855917 | First Franklin Mortgage Loan Trust, Series 2007-FF2, Class A1, 4.719% (1-Month |  |
|  | 388184 | TSFR + 0.394%) due 3/25/37<sup>(c)</sup> VOLT CII LLC, Series 2021-NP11, Class A1, step bond to yield, 4.868% due 8/25/51<sup>(b)</sup> | 2495878 387058 |
|  | 379162 | VOLT CIII LLC, Series 2021-CF1, Class A1, step bond to yield, 4.992% due 8/25/51<sup>(b)</sup> | 378962 |
|  | 107215 | VOLT XCIX LLC, Series 2021-NPL8, Class A1, step bond to yield, 6.116% due 4/25/51<sup>(b)</sup> | 107151 |
|  | 114006 | VOLT XCV LLC, Series 2021-NPL4, Class A1, step bond to yield, 6.240% due 3/27/51<sup>(b)</sup> | 113864 |
|  |  | Total WL Collateral CMO | 3482913 |
|  |  | **TOTAL ASSET-BACKED SECURITIES** |  |
|  |  | (Cost - $189,333,417) | **180269479** |
| **SOVEREIGN BONDS - 0.5%** | **SOVEREIGN BONDS - 0.5%** | **SOVEREIGN BONDS - 0.5%** |  |
| **Bermuda - 0.1%** | **Bermuda - 0.1%** |  |  |
|  |  | Bermuda Government International Bond: |  |
|  | 890000 | &nbsp;&nbsp;&nbsp;2.375% due 8/20/30 | 774745 |
|  | 800000 | &nbsp;&nbsp;&nbsp;5.000% due 7/15/32 | 774464 |
|  |  | Total Bermuda | 1549209 |
| **Colombia - 0.0%** | **Colombia - 0.0%** |  |  |
|  | 200000 | Colombia Government International Bond, 4.125% due 5/15/51 | 111480 |
| **Guatemala - 0.0%** | **Guatemala - 0.0%** |  |  |
|  |  | Guatemala Government Bond: |  |
|  | 200000 | &nbsp;&nbsp;&nbsp;4.500% due 5/3/26 | 197770 |
|  | 200000 | &nbsp;&nbsp;&nbsp;4.375% due 6/5/27 | 196066 |
|  |  | Total Guatemala | 393836 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **SOVEREIGN BONDS - (continued)** | **SOVEREIGN BONDS - (continued)** |  |
| **Hungary - 0.0%** | **Hungary - 0.0%** |  |
| $635000 | Hungary Government International Bond, 5.500% due 3/26/36<sup>(b)</sup> | $601027 |
| **Israel - 0.1%** |  |  |
|  | Israel Government International Bond: |  |
| 515000 | &nbsp;&nbsp;&nbsp;5.375% due 2/19/30 | 518862 |
| 200000 | &nbsp;&nbsp;&nbsp;2.750% due 7/3/30 | 177980 |
|  | Total Israel | 696842 |
| **Mexico - 0.2%** |  |  |
|  | Mexico Government International Bond: |  |
| 210000 | &nbsp;&nbsp;&nbsp;3.500% due 2/12/34 | 172116 |
| 1575000 | &nbsp;&nbsp;&nbsp;6.000% due 5/7/36 | 1507039 |
| 420000 | &nbsp;&nbsp;&nbsp;6.875% due 5/13/37 | 424011 |
| 500000 | &nbsp;&nbsp;&nbsp;6.338% due 5/4/53 | 437925 |
| 200000 | &nbsp;&nbsp;&nbsp;6.400% due 5/7/54 | 176044 |
|  | Total Mexico | 2717135 |
| **Panama - 0.0%** |  |  |
| 250000 | Panama Government International Bond, 2.252% due 9/29/32 | 183750 |
| **Peru - 0.0%** |  |  |
| 325000 | Peruvian Government International Bond, 5.375% due 2/8/35 | 319475 |
| **Romania - 0.1%** |  |  |
|  | Romanian Government International Bond: |  |
| 300000 | &nbsp;&nbsp;&nbsp;5.875% due 1/30/29<sup>(b)</sup> | 298420 |
| 1130000 | &nbsp;&nbsp;&nbsp;3.625% due 3/27/32 | 944530 |
| 60000 | &nbsp;&nbsp;&nbsp;5.750% due 3/24/35<sup>(b)</sup> | 53832 |
| 166000 | &nbsp;&nbsp;&nbsp;7.500% due 2/10/37<sup>(b)</sup> | 166520 |
|  | Total Romania | 1463302 |
| **Uruguay - 0.0%** |  |  |
| 315000 | Uruguay Government International Bond, 4.375% due 1/23/31 | 310810 |
|  | **TOTAL SOVEREIGN BONDS** |  |
|  | (Cost - $8,639,210) | **8346866** |
| **SENIOR LOANS<sup>(c)</sup> - 0.3%** |  |  |
| **Canada - 0.0%** |  |  |
| 10000 | 1261229 BC Ltd., 10.587% (1-Month USD-SOFR + 0.625)% due 10/8/30 | 9476 |
| 38095 | Garda World Security Corp, 7.333% (1-Month USD-SOFR + 0.300)% due 2/1/29 | 37937 |
| 79184 | Husky Injection Molding Systems Ltd., 8.785% (6-Month USD-SOFR + 0.450)% due 2/15/29 | 78850 |
| 21544 | Ontario Gaming GTA LP, 8.549% (3-Month USD-SOFR + 0.425)% due 8/1/30 | 21178 |
| 38539 | WestJet Loyalty LP, 7.549% (3-Month USD-SOFR + 0.325)% due 2/14/31 | 38174 |
|  | Total Canada | 185615 |
| **Cayman Islands - 0.0%** |  |  |
| 35000 | AAdvantage Loyality IP Ltd., due 5/7/32<sup>(i)</sup> | 35124 |
| **France - 0.0%** |  |  |
| 49074 | Altice France SA, 9.756% (3-Month USD-SOFR + 0.550)% due 8/15/28 | 45079 |
| **Germany - 0.0%** |  |  |
| 25000 | MV Holding GmbH, 6.577% (1-Month USD-SOFR + 0.225)% due 3/17/32 | 25000 |
| **Ireland - 0.0%** |  |  |
| 15000 | Flutter Entertainment PLC, due 5/22/32<sup>(i)</sup> | 14944 |
| **Netherlands - 0.0%** |  |  |
| 49875 | GBT Group Services BV, 6.783% (3-Month USD-SOFR + 0.250)% due 7/28/31 | 49813 |
| 34801 | Hunter Douglas Holding BV, 7.549% (3-Month USD-SOFR + 0.325)% due 1/17/32 | 34235 |
|  | Total Netherlands | 84048 |
| **United Kingdom - 0.0%** |  |  |
| 55000 | CFC Bidco 2022 Ltd.,due 5/30/32<sup>(i)</sup> | 54587 |
| 56479 | EG Group Ltd., 8.583% (3-Month USD-SOFR + 0.425)% due 2/7/28 | 56603 |
|  | Ineos Quattro Holdings UK Ltd.: |  |
| 4090 | &nbsp;&nbsp;&nbsp;8.677% (1-Month USD-SOFR + 0.425)% due 4/2/29 | 3732 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | **Security** | **Value** |
| **SENIOR LOANS<sup>(c)</sup> - (continued)** | **SENIOR LOANS<sup>(c)</sup> - (continued)** | **SENIOR LOANS<sup>(c)</sup> - (continued)** |  |
| **United Kingdom - (continued)** | **United Kingdom - (continued)** | **United Kingdom - (continued)** |  |
| $| 60000 | &nbsp;&nbsp;&nbsp;8.577% (1-Month USD-SOFR + 0.425)% due 10/7/31 | $53400 |
|  |  | Total United Kingdom | 168322 |
| **United States - 0.3%** | **United States - 0.3%** |  |  |
|  | 77616 | Acuris Finance US Inc., 8.049% (3-Month USD-SOFR + 0.375)% due 2/16/28 | 77486 |
|  | 93346 | ADMI Corp., 8.191% (1-Month USD-SOFR + 0.375)% due 12/23/27 | 89285 |
|  | 35000 | Alera Group Inc., due 5/21/32<sup>(i)</sup> | 35020 |
|  | 58899 | Allied Universal Holdco LLC, 8.177% (1-Month USD-SOFR + 0.375)% due 5/12/28 | 58955 |
|  | 20000 | Applied Systems Inc., 8.799% (3-Month USD-SOFR + 0.450)% due 2/23/32 | 20445 |
|  | 89550 | Apro LLC, 8.049% (3-Month USD-SOFR + 0.375)% due 7/9/31 | 89028 |
|  | 74921 | Ascend Learning LLC, 7.327% (1-Month USD-SOFR + 0.300)% due 12/11/28 | 74530 |
|  | 69648 | Aspire Bakeries Holdings LLC, 8.577% (1-Month USD-SOFR + 0.425)% due 12/23/30 | 69706 |
|  |  | Asurion LLC: |  |
|  | 20000 | &nbsp;&nbsp;&nbsp;9.691% (1-Month USD-SOFR + 0.525)% due 1/31/28 | 19275 |
|  | 83929 | &nbsp;&nbsp;&nbsp;8.677% (1-Month USD-SOFR + 0.425)% due 8/19/28 | 83615 |
|  | 134039 | BCPE Empire Holdings Inc., 7.577% (1-Month USD-SOFR + 0.325)% due 12/11/30 | 132716 |
|  | 15060 | Boxer Parent Co., Inc., 10.083% (3-Month USD-SOFR + 0.575)% due 7/30/32 | 14401 |
|  | 26371 | Brand Industrial Services Inc., 8.776% (3-Month USD-SOFR + 0.450)% due 8/1/30 | 21921 |
|  | 64513 | Broadstreet Partners Inc., 7.327% (1-Month USD-SOFR + 0.300)% due 6/13/31 | 64559 |
|  | 35000 | Camelot US Acquisition LLC,due 1/31/31<sup>(i)</sup> | 34912 |
|  | 44663 | Cengage Learning Inc., 7.828% (1-Month USD-SOFR + 0.350)% due 3/24/31 | 44683 |
|  | 19950 | Central Parent LLC, 7.549% (3-Month USD-SOFR + 0.325)% due 7/6/29 | 17723 |
|  | 15000 | Clearwater Analytics LLC, 6.519% (3-Month USD-SOFR + 0.225)% due 4/21/32 | 15000 |
|  | 34825 | Cloud Software Group Inc., 8.049% (3-Month USD-SOFR + 0.375)% due 3/21/31 | 34722 |
|  | 52741 | ClubCorp Holdings Inc., 9.561% (3-Month USD-SOFR + 0.500)% due 9/18/26 | 52730 |
|  |  | Clydesdale Acquisition Holdings Inc.: |  |
|  | 344 | &nbsp;&nbsp;&nbsp;0.224% (3-Month USD-SOFR + 0.325)% due 4/1/32 | 341 |
|  | 19656 | &nbsp;&nbsp;&nbsp;7.548% (3-Month USD-SOFR + 0.325)% due 4/1/32 | 19494 |
|  | 55401 | Commscope LLC, 9.577% (1-Month USD-SOFR + 0.525)% due 12/17/29 | 55878 |
|  | 19950 | Corpay Technologies Operating Co. LLC, 6.077% (1-Month USD-SOFR + 0.175)% due 4/28/28 | 19938 |
|  | 80000 | Cotiviti Inc., 7.074% (1-Month USD-SOFR + 0.275)% due 3/26/32 | 79366 |
|  | 9975 | Creative Artists Agency LLC, 7.077% (1-Month USD-SOFR + 0.275)% due 10/1/31 | 9969 |
|  | 34913 | Crown Finance US Inc., 9.579% (1-Month USD-SOFR + 0.525)% due 12/2/31 | 34925 |
|  |  | CSC Holdings LLC: |  |
|  | 18329 | &nbsp;&nbsp;&nbsp;9.000% (3-Month USD-SOFR + 0.150)% due 4/15/27 | 17962 |
|  | 10000 | &nbsp;&nbsp;&nbsp;8.829% (1-Month USD-SOFR + 0.450)% due 1/18/28 | 9862 |
|  | 28638 | Cyxtera DC Holdings, Inc, 0.000% (3-Month USD-SOFR + 3.000)% due 5/1/24<sup>(d)</sup> | 157 |
|  | 26143 | DexKo Global Inc., 8.191% (1-Month USD-SOFR + 0.375)% due 10/4/28 | 24925 |
|  | 10633 | DIRECTV Financing LLC, 9.541% (3-Month USD-SOFR + 0.500)% due 8/2/27 | 10663 |
|  | 59400 | EAB Global Inc., 7.327% (1-Month USD-SOFR + 0.300)% due 8/16/30 | 58093 |
|  | 64109 | Eagle Parent Corp., 8.549% (3-Month USD-SOFR + 0.425)% due 4/2/29 | 62266 |
|  | 50000 | Edelman Financial Engines Center LLC, 9.577% (1-Month USD-SOFR + 0.525)% due 10/6/28 | 49781 |
|  | 24875 | EMRLD Borrower LP, 6.799% (3-Month USD-SOFR + 0.250)% due 8/4/31 | 24735 |
|  | 56328 | Fertitta Entertainment LLC, 7.827% (1-Month USD-SOFR + 0.350)% due 1/27/29 | 55964 |
|  | 15000 | Focus Financial Partners LLC, due 9/15/31<sup>(i)</sup> | 14909 |
|  | 43070 | Freeport LNG investments LLLP, 7.522% (3-Month USD-SOFR + 0.325)% due 12/21/28 | 43024 |
|  | 53015 | Gainwell Acquisition Corp., 8.399% (3-Month USD-SOFR + 0.400)% due 10/1/27 | 50682 |
|  | 5000 | Golden State Foods LLC, 8.592% (1-Month USD-SOFR + 0.425)% due 12/4/31 | 5023 |
|  | 35000 | Grant Thornton Advisors LLC, due 6/2/31<sup>(i)</sup> | 34971 |
|  | 13661 | Gray Television Inc., 7.439% (1-Month USD-SOFR + 0.300)% due 12/1/28 | 13147 |
|  | 15000 | Herc Holdings Inc., due 5/20/32<sup>(i)</sup> | 15050 |
|  | 10000 | Herschend Entertainment Co. LLC, 7.575% (1-Month USD-SOFR + 0.325)% due 5/14/32 | 10023 |
|  | 49709 | Hexion Inc., 8.325% (1-Month USD-SOFR + 0.400)% due 3/15/29 | 49345 |
|  | 102471 | Ineos US Finance LLC, 7.327% (1-Month USD-SOFR + 0.300)% due 2/7/31 | 98731 |
|  |  | Kaman Corp.: |  |
|  | 11638 | &nbsp;&nbsp;&nbsp;1.000% (3-Month USD-SOFR + 0.100)% due 2/26/32 | 11552 |
|  | 123362 | &nbsp;&nbsp;&nbsp;7.054% (3-Month USD-SOFR + 0.275)% due 2/26/32 | 122457 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **SENIOR LOANS<sup>(c)</sup> - (continued)** | **SENIOR LOANS<sup>(c)</sup> - (continued)** |  |
| **United States - (continued)** |  |  |
| $15000 | Kaseya Inc., 7.577% (1-Month USD-SOFR + 0.325)% due 3/20/32 | $14989 |
| 28090 | Kronos Acquisition Holdings Inc., 8.299% (3-Month USD-SOFR + 0.400)% due 7/8/31 | 23897 |
| 136269 | LBM Acquisition LLC, 8.175% (1-Month USD-SOFR + 0.375)% due 6/6/31 | 122010 |
| 64837 | LC Ahab US Bidco LLC, 7.327% (1-Month USD-SOFR + 0.300)% due 5/1/31 | 63865 |
| 61045 | LifePoint Health Inc., 8.006% (3-Month USD-SOFR + 0.375)% due 5/17/31 | 60187 |
| 10489 | Lumen Technologies Inc., 6.791% (1-Month USD-SOFR + 0.235)% due 4/16/29 | 10377 |
| 50000 | Madison IAQ LLC, 7.510% (3-Month USD-SOFR + 0.325)% due 5/6/32 | 49993 |
| 44775 | Madison Safety & Flow LLC, 7.077% (1-Month USD-SOFR + 0.275)% due 9/26/31 | 44803 |
| 87432 | McAfee Corp., 7.329% (1-Month USD-SOFR + 0.300)% due 3/1/29 | 83979 |
| 17998 | MH SUB I LLC, 8.577% (1-Month USD-SOFR + 0.425)% due 12/31/31 | 16365 |
| 45000 | MI Windows & Doors LLC, 7.327% (1-Month USD-SOFR + 0.300)% due 3/28/31 | 44866 |
|  | Mitchell International Inc.: |  |
| 49766 | &nbsp;&nbsp;&nbsp;7.577% (1-Month USD-SOFR + 0.325)% due 6/17/31 | 49569 |
| 55000 | &nbsp;&nbsp;&nbsp;9.577% (1-Month USD-SOFR + 0.525)% due 6/17/32 | 53419 |
| 120671 | NEP Group Inc., 9.344% (3-Month USD-SOFR + 0.475)% due 8/19/26 | 109140 |
| 21807 | Peraton Corp., 8.177% (1-Month USD-SOFR + 0.375)% due 2/1/28 | 18855 |
| 49602 | PetSmart LLC, 8.177% (1-Month USD-SOFR + 0.375)% due 2/11/28 | 49365 |
| 82776 | Polaris Newco LLC, 8.291% (3-Month USD-SOFR + 0.375)% due 6/2/28 | 80105 |
| 73764 | Pregis TopCo LLC, 8.327% (1-Month USD-SOFR + 0.400)% due 2/1/29 | 73787 |
| 49741 | Pretium PKG Holdings Inc., 8.010% (3-Month USD-SOFR + 0.375)% due 10/2/28 | 49431 |
| 80000 | Quikrete Holdings Inc., 6.577% (1-Month USD-SOFR + 0.225)% due 2/10/32 | 79600 |
| 9444 | QXO Building Products Inc., 7.280% (3-Month USD-SOFR + 0.300)% due 4/30/32 | 9470 |
| 60611 | Radiology Partners Inc., 8.091% (3-Month USD-SOFR + 0.350)% due 1/31/29 | 60038 |
| 35000 | RealPage Inc., 8.049% (3-Month USD-SOFR + 0.375)% due 4/24/28 | 34967 |
|  | Sabre GLBL Inc.: |  |
| 16533 | &nbsp;&nbsp;&nbsp;7.941% (1-Month USD-SOFR + 0.700)% due 12/17/27 | 16058 |
| 48278 | &nbsp;&nbsp;&nbsp;10.427% (1-Month USD-SOFR + 1.200)% due 11/15/29 | 47043 |
|  | Savor Acquisition Inc.: |  |
| 6034 | &nbsp;&nbsp;&nbsp;0.000% (3-Month USD-SOFR + 0.000)% due 2/19/32 | 6040 |
| 63966 | &nbsp;&nbsp;&nbsp;7.577% (1-Month USD-SOFR + 0.325)% due 2/19/32 | 64026 |
| 73327 | Stubhub Holdco Sub LLC, 9.077% (1-Month USD-SOFR + 0.475)% due 3/15/30 | 71402 |
| 8631 | SWF Holdings I Corp., 8.441% (1-Month USD-SOFR + 0.400)% due 10/6/28 | 6867 |
| 26145 | Team Health Holdings Inc., 9.530% (3-Month USD-SOFR + 0.525)% due 3/2/27 | 25988 |
| 80000 | Tecta America Corp., 7.327% (1-Month USD-SOFR + 0.300)% due 2/18/32 | 80013 |
| 54512 | Trident TPI Holdings Inc., 8.049% (3-Month USD-SOFR + 0.375)% due 9/15/28 | 52666 |
| 36495 | Upbound Group Inc., 7.030% (3-Month USD-SOFR + 0.275)% due 2/17/28 | 36541 |
| 50349 | Vantage Specialty Chemicals Inc., 9.025% (3-Month USD-SOFR + 0.475)% due 10/26/26 | 47831 |
| 29925 | Verde Purchaser LLC, 8.299% (3-Month USD-SOFR + 0.400)% due 11/30/30 | 29921 |
| 58188 | Vestis Corp., 6.580% (3-Month USD-SOFR + 0.225)% due 2/22/31 | 54793 |
| 49375 | Victra Holdings LLC, 8.549% (3-Month USD-SOFR + 0.425)% due 3/31/29 | 49252 |
| 105000 | Voyager Parent LLC, due 5/9/32<sup>(i)</sup> | 102982 |
| 25000 | W. R. Grace Holdings LLC, 7.549% (3-Month USD-SOFR + 0.325)% due 9/22/28 | 24900 |
| 29850 | WaterBridge Midstream Operating LLC, 9.053% (3-Month USD-SOFR + 0.475)% due 6/27/29 | 28656 |
| 74625 | White Cap Supply Holdings LLC, 7.577% (1-Month USD-SOFR + 0.325)% due 10/19/29 | 73791 |
| 10000 | WhiteWater Matterhorn Holdings LLC, due 5/12/32<sup>(i)</sup> | 9981 |
|  | Zayo Group Holdings Inc.: |  |
| 19949 | &nbsp;&nbsp;&nbsp;due 3/9/27<sup>(i)</sup> | 19062 |
| 5000 | &nbsp;&nbsp;&nbsp;7.441% (1-Month USD-SOFR + 0.300)% due 3/9/27 | 4765 |
| 84788 | Zelis Cost Management Buyer Inc., 7.577% (1-Month USD-SOFR + 0.325)% due 11/26/31 | 84536 |
| 10000 | Ziggo Financing Partnership, 6.943% (1-Month USD-SOFR + 0.250)% due 4/30/28 | 9717 |
|  | Total United States | 4203853 |
|  | **TOTAL SENIOR LOANS** |  |
|  | (Cost - $4,842,049) | **4761985** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS – 0.1%** | **MUNICIPAL BONDS – 0.1%** | **MUNICIPAL BONDS – 0.1%** | **MUNICIPAL BONDS – 0.1%** |
| **California - 0.0%** | **California - 0.0%** | **California - 0.0%** | **California - 0.0%** |
| $20000 | AA- | Regents of the University of California Medical Center Pooled Revenue, Revenue Bonds, 6.548% due 5/15/48 | $21035 |
| 245000 | AA- | State of California, GO, 7.300% due 10/1/39 | 278796 |
|  |  | Total California | 299831 |
| **District of Columbia - 0.0%** | **District of Columbia - 0.0%** |  |  |
| 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | District of Columbia, Revenue Bonds, 5.751% due 4/1/35 | 81673 |
| **Massachusetts - 0.0%** | **Massachusetts - 0.0%** |  |  |
| 239638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(j)</sup> | Commonwealth of Massachusetts, Revenue Bonds, 4.110% due 7/15/31 | 236735 |
| **New York - 0.1%** | **New York - 0.1%** |  |  |
| 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | Metropolitan Transportation Authority, Revenue Bonds, 6.814% due 11/15/40 | 467284 |
| 695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | New York Transportation Development Corp., Revenue Bonds, 4.248% due 9/1/35 | 675709 |
|  |  | Total New York | 1142993 |
|  |  | **TOTAL MUNICIPAL BONDS** |  |
|  |  | (Cost - $2,037,391) | **1761232** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  | |
| **OPEN-END FUND - 0.8%** | **OPEN-END FUND - 0.8%** |  |
| 145349 | iShares 20+ Year Treasury Bond |  |
|  | (Cost - $12,643,936) | 12540712 |
| **EXCHANGE TRADED FUND (ETF) - 0.5%** | **EXCHANGE TRADED FUND (ETF) - 0.5%** |  |
| 79819 | iShares Core U.S. Aggregate Bond |  |
|  | (Cost - $7,804,027) | 7830244 |
| **COMMON STOCK - 0.0%** |  |  |
| **INDUSTRIAL - 0.0%** |  |  |
| **Metals & Mining - 0.0%** |  |  |
| 1907 | Flame Aggregator LLC\*<sup>(d)</sup> | 38140 |
|  | **TOTAL COMMON STOCK** |  |
|  | (Cost - $3,913) | **38140** |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS** |  |
|  | (Cost - $1,736,392,099) | **1596895781** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount†** |  |  |  |
| **SHORT-TERM INVESTMENTS - 2.7%** | **SHORT-TERM INVESTMENTS - 2.7%** | **SHORT-TERM INVESTMENTS - 2.7%** |  |
| **TIME DEPOSITS - 2.7%** | **TIME DEPOSITS - 2.7%** |  |  |
| 32 | <sup>EUR</sup> | Citibank - London, 1.080% due 6/2/25 | 36 |
| 25946977 |  | Citibank - New York, 3.680% due 6/2/25 | 25946977 |
| 16657567 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 16657567 |
|  |  | **TOTAL TIME DEPOSITS** |  |
|  |  | (Cost - $42,604,580) | **42604580** |
|  |  | **TOTAL INVESTMENTS - 104.6%** |  |
|  |  | (Cost - $1,778,996,679) | **1639500361** |
|  |  | Liabilities in Excess of Other Assets - (4.6)% | (72503877) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**1566996484** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| †† | All ratings are by Standard & Poor's Rating Service, unless otherwise noted. |
| \* | Non-income producing security. |
| (a) | This security is traded on a TBA basis. |
| (b) | Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025, amounts to $274,786,081 and represents 17.54% of net assets. |
| (c) | Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2025. |
| (d) | Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $41,592 and represents 0.00% of net assets. |
| (e) | Payment in-kind security for which part of the income earned may be paid as additional principal. At the option of the issuer. |
| (f) | Security is perpetual in nature and has no stated maturity date. |
| (g) | Interest only security. |
| (h) | Principal only security. |
| (i) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. |
| (j) | Rating by Moody's Investors Service. All ratings are unaudited. |

---

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| CBT | **—** | Chicago Board of Trade |
| CLO | **—** | Collateralized Loan Obligation |
| CMT | **—** | Constant Maturity Treasury Index |
| GO | **—** | General Obligation |
| LLC | **—** | Limited Liability Company |
| LP | **—** | Limited Partnership |
| MFA |  | Mortgage Finance Authority |
| PLC | **—** | Public Limited Company |
| REMICS | **—** | Real Estate Mortgage Investment Conduit |
| SARL | **—** | Société à Responsabilité Limitée |
| SOFR | **—** | Secured Overnight Financing Rate |
| STRIPS | **—** | Separate Trading of Registered Interest and Principals |
| TSFR | **—** | CME Term SOFR Reference Rate |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
| Mortgage-Backed Securities | 25.6% |
| U.S. Government Agencies & Obligations | 24.4 |
| Corporate Bonds & Notes | 17.3 |
| Collateralized Mortgage Obligations | 17.0 |
| Asset-Backed Securities | 11.0 |
| Open-End Fund | 0.7 |
| Sovereign Bonds | 0.5 |
| Exchange Traded Fund (ETF) | 0.5 |
| Senior Loans | 0.3 |
| Municipal Bonds | 0.1 |
| Common Stock | 0.0 \* |
| Short-Term Investments | 2.6 |
|  | 100.0% |

---

---

| | |
|:---|:---|
| ^ | As a percentage of total investments. |

---

\* Position represents less than 0.05%.

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (continued)**

At May 31, 2025, Destinations Core Fixed Income Fund had open exchange traded futures contracts as described below.

The unrealized appreciation/(depreciation) on the open contracts were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br> Contracts** | **Expiration<br> Date<br> (Month/Year)** | **Notional<br> Amounts** | **Market Value** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Contracts to Buy:** |  |  |  |  |  |
| U.S. 2 Year Note (CBT) | 119 | 9/25 | $24674570 | $24685062 | $10492 |
| U.S. 5 Year Note (CBT) | 143 | 9/25 | 15393985 | 15470813 | 76828 |
|  |  |  |  |  | $87320 |
| **Contracts to Sell:** |  |  |  |  |  |
| U.S. 10 Year Note (CBT) | 37 | 9/25 | $(4080984) | $4097750 | $(16766) |
| U.S. 10 Year Ultra | 59 | 9/25 | (6620656) | 6640265 | (19609) |
| U.S. Long Bond (CBT) | 59 | 9/25 | (6569742) | 6654093 | (84351) |
| U.S. Long Bond (CBT) | 26 | 9/25 | (2954047) | 3017625 | (63578) |
|  |  |  |  |  | $(184304) |
| Net Unrealized Depreciation on Open Exchange Traded Futures Contracts |  |  |  |  | $(96984) |

---

At May 31, 2025, Destinations Core Fixed Income Fund had deposited cash of $118,463 with a broker or brokers as margin collateral on open exchange traded futures contracts.

At May 31, 2025, Destinations Core Fixed Income Fund held the following Centrally Cleared Interest Rate Swap Contracts:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive Floating Rate** | **Floating<br> Rate <br> Index** | **Fixed <br> Rate** | **Maturity<br> Date** | **Notional<br> Amounts** | **Notional<br> Amounts** | **Market <br> Value** | **Upfront<br> Premiums<br> Paid/<br> (Received)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| Receive | 1D SOFTR | 4.160% | 3/19/45 | USD | 7445000 | $(49172) | $(14325) | $(34847) |
| Receive | 1D SOFTR | 3.590% | 9/20/53 | USD | 1175000 | 101291 | 5065 | 96226 |
| Receive | 1D SOFTR | 3.250% | 6/21/53 | USD | 960000 | 145202 | (10562) | 155764 |
| Receive | 1D SOFTR | 2.970% | 3/15/53 | USD | 3065000 | 569184 | 9928 | 559256 |
|  |  |  |  |  |  | $**766505** | $**(9894)** | $**776399** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Core Fixed Income Fund (concluded)**

**Schedule of Forward Sale Commitments**

---

| | | |
|:---|:---|:---|
| **Face<br> Amounts** | **Security** | **Value** |
|  | Federal National Mortgage Association: |  |
| $300000 | &nbsp;&nbsp;&nbsp;2.000% due 6/1/40<sup>(a)</sup> (Proceeds — $269,602) | $(270853) |
| 1550000 | &nbsp;&nbsp;&nbsp;3.000% due 6/1/40<sup>(a)</sup> (Proceeds — $1,455,305) | (1460617) |
| 675000 | &nbsp;&nbsp;&nbsp;3.500% due 6/1/40<sup>(a)</sup> (Proceeds — $642,278) | (644513) |
| 600000 | &nbsp;&nbsp;&nbsp;4.500% due 6/1/40<sup>(a)</sup> (Proceeds — $589,734) | (590958) |
| 1795000 | &nbsp;&nbsp;&nbsp;2.500% due 6/1/55<sup>(a)</sup> (Proceeds — $1,453,653) | (1461710) |
| 4040000 | &nbsp;&nbsp;&nbsp;3.000% due 6/1/55<sup>(a)</sup> (Proceeds — $3,471,394) | (3436994) |
| 3111000 | &nbsp;&nbsp;&nbsp;3.500% due 6/1/55<sup>(a)</sup> (Proceeds — $2,776,287) | (2757193) |
| 10070000 | &nbsp;&nbsp;&nbsp;4.000% due 6/1/55<sup>(a)</sup> (Proceeds — $9,304,375) | (9224814) |
| 1000 | &nbsp;&nbsp;&nbsp;4.500% due 6/1/55<sup>(a)</sup> (Proceeds — $954) | (943) |
| 1520000 | &nbsp;&nbsp;&nbsp;5.000% due 6/1/55<sup>(a)</sup> (Proceeds — $1,481,083) | (1471141) |
| 450000 | &nbsp;&nbsp;&nbsp;6.500% due 6/1/55<sup>(a)</sup> (Proceeds — $462,242) | (462045) |
| 1420000 | &nbsp;&nbsp;&nbsp;2.000% due 7/1/55<sup>(a)</sup> (Proceeds — $1,101,880) | (1103697) |
|  | Government National Mortgage Association: |  |
| 40000 | &nbsp;&nbsp;&nbsp;4.000% due 6/1/42<sup>(a)</sup> (Proceeds — $36,555) | (36624) |
| 1313000 | &nbsp;&nbsp;&nbsp;3.500% due 6/1/55<sup>(a)</sup> (Proceeds — $1,164,527) | (1167984) |
|  | **TOTAL OPEN FORWARD SALE COMMITMENTS** |  |
|  | (Proceeds — $24,209,869) | $**(24090086)** |

---

(a) This security is traded on a TBA basis.

<u>Currency Abbreviations used in this schedule:</u>

EUR **—** Euro

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Security** | **Value** |
| **CORPORATE BONDS & NOTES - 37.8%** | **CORPORATE BONDS & NOTES - 37.8%** | **CORPORATE BONDS & NOTES - 37.8%** | |
| **Basic Materials - 0.5%** | **Basic Materials - 0.5%** | **Basic Materials - 0.5%** |  |
| 200000 |  | Corp. Nacional del Cobre de Chile, Senior Unsecured Notes, 3.150% due 1/14/30 | $183265 |
| 200000 |  | Freeport Indonesia PT, Senior Unsecured Notes, 4.763% due 4/14/27<sup>(a)</sup> | 198475 |
| 200000 |  | Freeport-McMoRan Inc., Company Guaranteed Notes, 4.125% due 3/1/28 | 196692 |
|  |  | Glencore Funding LLC, Company Guaranteed Notes: |  |
| 169000 |  | &nbsp;&nbsp;&nbsp;5.408% (SOFRRATE + 1.060%) due 4/4/27<sup>(a)(b)</sup> | 169539 |
| 33000 |  | &nbsp;&nbsp;&nbsp;4.907% due 4/1/28<sup>(a)</sup> | 33157 |
| 200000 |  | Gold Fields Orogen Holdings BVI Ltd., Company Guaranteed Notes, 6.125% due 5/15/29 | 205380 |
| 113000 |  | Rio Tinto Finance USA PLC, Company Guaranteed Notes, 4.875% due 3/14/30 | 114231 |
| 35000 |  | Sherwin-Williams Co., Senior Unsecured Notes, 4.550% due 3/1/28 | 35168 |
| 200000 |  | Suzano Austria GmbH, Company Guaranteed Notes, 5.000% due 1/15/30 | 194430 |
|  |  | Total Basic Materials | 1330337 |
| **Communications - 5.9%** | **Communications - 5.9%** | **Communications - 5.9%** |  |
| 1250000 |  | BuzzFeed Inc., Company Guaranteed Notes, 8.500% due 12/3/26<sup>(a)</sup> | 1162500 |
| 2045000 |  | Consolidated Communications Inc., Senior Secured Notes, 6.500% due 10/1/28<sup>(a)</sup> | 2086546 |
| 1940000 |  | Discovery Communications LLC, Company Guaranteed Notes, 3.950% due 6/15/25 | 1938953 |
| 1351000 |  | Gen Digital Inc., Company Guaranteed Notes, 6.750% due 9/30/27<sup>(a)</sup> | 1374334 |
| 2126000 |  | Getty Images Inc., Company Guaranteed Notes, 9.750% due 3/1/27<sup>(a)</sup> | 2085908 |
| 2169000 |  | Getty Images Inc., Senior Secured Notes, 11.250% due 2/21/30<sup>(a)</sup> | 2152733 |
| 120352 |  | Go North Group AB, zero coupon, due 12/31/49<sup>(c)(d)</sup> |  |
| 2374465 |  | Go North Group AB, Senior Secured Notes, 10.106% (SOFRRATE + 5.762%) due 2/9/26<sup>(b)</sup> | 1258466 |
| 1835971 | <sup>SEK</sup> | Go North Group AB, Senior Unsecured Notes, 15.000% due 2/2/28<sup>(d)</sup> |  |
| 1966000 |  | GrubHub Holdings Inc., Company Guaranteed Notes, 5.500% due 7/1/27<sup>(a)</sup> | 1813634 |
| 180000 |  | Millicom International Cellular SA, Senior Unsecured Notes, 5.125% due 1/15/28 | 176818 |
| 200000 |  | Telefonica Celular del Paraguay SA, Senior Unsecured Notes, 5.875% due 4/15/27 | 198700 |
|  |  | Uber Technologies Inc., Company Guaranteed Notes: |  |
| 1207000 |  | &nbsp;&nbsp;&nbsp;7.500% due 9/15/27<sup>(a)</sup> | 1218652 |
| 1655000 |  | &nbsp;&nbsp;&nbsp;6.250% due 1/15/28<sup>(a)</sup> | 1663292 |
| 217000 |  | Videotron Ltd., Company Guaranteed Notes, 5.125% due 4/15/27<sup>(a)</sup> | 216810 |
|  |  | Total Communications | 17347346 |
| **Consumer Cyclical - 2.5%** | **Consumer Cyclical - 2.5%** | **Consumer Cyclical - 2.5%** |  |
| 400000 |  | CCM Merger Inc., Senior Unsecured Notes, 6.375% due 5/1/26<sup>(a)</sup> | 400149 |
| 263000 |  | CEC Entertainment LLC, Senior Secured Notes, 6.750% due 5/1/26<sup>(a)</sup> | 258725 |
| 48000 |  | Darden Restaurants Inc., Senior Unsecured Notes, 4.350% due 10/15/27 | 47847 |
| 333000 |  | Ford Motor Credit Co. LLC, Senior Unsecured Notes, 4.687% due 6/9/25 | 332965 |
| 194000 |  | Genuine Parts Co., Senior Unsecured Notes, 4.950% due 8/15/29 | 195734 |
| 114000 |  | Hyundai Capital America, Senior Unsecured Notes, 4.550% due 9/26/29<sup>(a)</sup> | 111762 |
| 111000 |  | Marriott International Inc., Senior Unsecured Notes, 4.800% due 3/15/30 | 111208 |
|  |  | Meritage Homes Corp., Company Guaranteed Notes: |  |
| 82000 |  | &nbsp;&nbsp;&nbsp;5.125% due 6/6/27 | 82754 |
| 10000 |  | &nbsp;&nbsp;&nbsp;3.875% due 4/15/29<sup>(a)</sup> | 9553 |
| 310500 |  | Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Senior Secured Notes, 6.500% due 6/20/27<sup>(a)</sup> | 311213 |
| 791000 |  | Papa John's International Inc., Company Guaranteed Notes, 3.875% due 9/15/29<sup>(a)</sup> | 734582 |
| 659000 | <sup>EUR</sup> | Secop Group Holding GmbH, Senior Secured Notes, 10.755% (3-Month EURIBOR + 8.400%) due 12/29/26<sup>(b)</sup> | 761395 |
| 4150000 |  | Sizzling Platter LLC/Sizzling Platter Finance Corp., Senior Secured Notes, 8.500% due 11/28/25<sup>(a)</sup> | 4153735 |
|  |  | Total Consumer Cyclical | 7511622 |
| **Consumer Non-cyclical - 9.8%** | **Consumer Non-cyclical - 9.8%** | **Consumer Non-cyclical - 9.8%** |  |
|  |  | AbbVie Inc., Senior Unsecured Notes: |  |
| 890000 |  | &nbsp;&nbsp;&nbsp;2.950% due 11/21/26 | 872485 |
| 64000 |  | &nbsp;&nbsp;&nbsp;4.875% due 3/15/30 | 65033 |
| 200000 |  | Adani Ports & Special Economic Zone Ltd., Senior Unsecured Notes, 4.000% due 7/30/27 | 191674 |
| 9000 |  | Agilent Technologies Inc., Senior Unsecured Notes, 4.200% due 9/9/27 | 8950 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Consumer Non-cyclical - (continued)** | **Consumer Non-cyclical - (continued)** | **Consumer Non-cyclical - (continued)** |  |
| 28000 |  | Altria Group Inc., Company Guaranteed Notes, 6.200% due 11/1/28 | $29427 |
| 17000 |  | Avery Dennison Corp., Senior Unsecured Notes, 4.875% due 12/6/28 | 17157 |
| 7000 |  | BAT Capital Corp., Company Guaranteed Notes, 4.906% due 4/2/30 | 7038 |
| 80000 |  | BAT International Finance PLC, Company Guaranteed Notes, 5.931% due 2/2/29 | 83556 |
| 161000 |  | Biogen Inc., Senior Unsecured Notes, 5.050% due 1/15/31 | 161809 |
| 200000 |  | BRF GmbH, Company Guaranteed Notes, 4.350% due 9/29/26 | 197370 |
| 85000 |  | Bunge Ltd. Finance Corp., Company Guaranteed Notes, 4.200% due 9/17/29 | 83880 |
| 13681000 |  | Cannabist Co. Holdings Inc., Senior Secured Notes, 9.500% due 2/3/26 | 9099486 |
| 78000 |  | Cardinal Health Inc., Senior Unsecured Notes, 5.125% due 2/15/29 | 79466 |
| 91000 |  | Edwards Lifesciences Corp., Senior Unsecured Notes, 4.300% due 6/15/28 | 90696 |
| 245000 |  | Element Fleet Management Corp., Senior Unsecured Notes, 5.037% due 3/25/30<sup>(a)</sup> | 243868 |
| 113000 |  | Elevance Health Inc., Senior Unsecured Notes, 5.150% due 6/15/29 | 115164 |
| 112000 |  | Equifax Inc., Senior Unsecured Notes, 4.800% due 9/15/29 | 111779 |
| 219000 |  | GE HealthCare Technologies Inc., Senior Unsecured Notes, 4.800% due 8/14/29 | 220179 |
| 40000 |  | Global Payments Inc., Senior Unsecured Notes, 5.300% due 8/15/29 | 40347 |
| 70000 |  | Illumina Inc., Senior Unsecured Notes, 4.650% due 9/9/26 | 69914 |
| 200000 |  | JSW Infrastructure Ltd., Senior Secured Notes, 4.950% due 1/21/29 | 192950 |
| 114000 |  | Laboratory Corp. of America Holdings, Company Guaranteed Notes, 4.350% due 4/1/30 | 111958 |
| 7436000 |  | Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25<sup>@(c)(d)</sup> | 6320600 |
| 189000 |  | Mars Inc., Senior Unsecured Notes, 4.800% due 3/1/30<sup>(a)</sup> | 190166 |
| 103000 |  | Merck Sharp & Dohme Corp., Company Guaranteed Notes, 5.950% due 12/1/28 | 108660 |
| 200000 |  | NBM US Holdings Inc., Company Guaranteed Notes, 7.000% due 5/14/26 | 200210 |
| 2300000 | <sup>EUR</sup> | OP Holdco GmbH, Senior Secured Notes, 8.964% (3-Month EURIBOR + 6.500%) due 6/5/29<sup>(a)(b)</sup> | 2517142 |
| 55000 |  | PayPal Holdings Inc., Senior Unsecured Notes, 4.450% due 3/6/28 | 55244 |
| 2354000 |  | Performance Food Group Inc., Company Guaranteed Notes, 5.500% due 10/15/27<sup>(a)</sup> | 2344236 |
| 818000 |  | Prime Security Services Borrower LLC/Prime Finance Inc., Senior Secured Notes, 5.750% due 4/15/26<sup>(a)</sup> | 820038 |
| 143944 |  | Prumo Participacoes e Investimentos S/A, Senior Secured Notes, 7.500% due 12/31/31 | 145825 |
| 105000 |  | Quanta Services Inc., Senior Unsecured Notes, 4.750% due 8/9/27 | 105431 |
| 93000 |  | Quest Diagnostics Inc., Senior Unsecured Notes, 4.200% due 6/30/29 | 91878 |
| 81000 |  | Sysco Corp., Company Guaranteed Notes, 5.100% due 9/23/30 | 82146 |
| 2284000 |  | WASH Multifamily Acquisition Inc., Senior Secured Notes, 5.750% due 4/15/26<sup>(a)</sup> | 2278567 |
| 1370000 |  | Williams Scotsman Inc., Senior Secured Notes, 4.625% due 8/15/28<sup>(a)</sup> | 1336474 |
|  |  | Zimmer Biomet Holdings Inc., Senior Unsecured Notes: |  |
| 31000 |  | &nbsp;&nbsp;&nbsp;4.700% due 2/19/27 | 31056 |
| 95000 |  | &nbsp;&nbsp;&nbsp;5.050% due 2/19/30 | 96405 |
|  |  | Total Consumer Non-cyclical | 28818264 |
| **Energy - 3.7%** | **Energy - 3.7%** | **Energy - 3.7%** |  |
| 177083 |  | AI Candelaria - spain- SA, Senior Secured Notes, 7.500% due 12/15/28 | 174869 |
| 92000 |  | APA Corp., Senior Unsecured Notes, 4.250% due 1/15/30<sup>(a)</sup> | 86121 |
| 55000 |  | Boardwalk Pipelines LP, Company Guaranteed Notes, 4.450% due 7/15/27 | 54851 |
| 128000 |  | Cheniere Energy Partners LP, Company Guaranteed Notes, 4.500% due 10/1/29 | 125314 |
|  |  | Coterra Energy Inc., Senior Unsecured Notes: |  |
| 10000 |  | &nbsp;&nbsp;&nbsp;3.900% due 5/15/27 | 9849 |
| 7000 |  | &nbsp;&nbsp;&nbsp;4.375% due 3/15/29 | 6891 |
| 24000 |  | DCP Midstream Operating LP, Company Guaranteed Notes, 5.125% due 5/15/29 | 24212 |
| 27000 |  | Devon Energy Corp., Senior Unsecured Notes, 5.250% due 10/15/27 | 27011 |
| 44000 |  | Enbridge Inc., Company Guaranteed Notes, 6.000% due 11/15/28 | 45974 |
| 193000 |  | Energy Transfer LP, Senior Unsecured Notes, 6.050% due 12/1/26 | 196698 |
|  |  | EQT Corp., Senior Unsecured Notes: |  |
| 11000 |  | &nbsp;&nbsp;&nbsp;3.900% due 10/1/27 | 10818 |
| 17000 |  | &nbsp;&nbsp;&nbsp;7.000% due 2/1/30 | 18198 |
| 2400000 |  | Forum Energy Technologies Inc., Senior Secured Notes, 10.500% due 11/7/29 | 2424000 |
| 105920 |  | GNL Quintero SA, Senior Unsecured Notes, 4.634% due 7/31/29 | 104929 |
| 1013000 |  | Golar LNG Ltd., Senior Unsecured Notes, 7.000% due 10/20/25<sup>(a)</sup> | 1014271 |
| 2800000 |  | HMH Holding BV, Senior Secured Notes, 9.875% due 11/16/26 | 2877000 |
| 81000 |  | Kinder Morgan Inc., Company Guaranteed Notes, 5.000% due 2/1/29 | 81904 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Energy - (continued)** | **Energy - (continued)** |  |
| 200000 | Medco Oak Tree Pte Ltd., Senior Secured Notes, 7.375% due 5/14/26 | $203227 |
| 162000 | MPLX LP, Senior Unsecured Notes, 4.800% due 2/15/29 | 162538 |
| 123000 | NGPL PipeCo LLC, Senior Unsecured Notes, 4.875% due 8/15/27<sup>(a)</sup> | 121763 |
|  | ONEOK Inc., Company Guaranteed Notes: |  |
| 160000 | &nbsp;&nbsp;&nbsp;5.375% due 6/1/29 | 162375 |
| 84000 | &nbsp;&nbsp;&nbsp;4.400% due 10/15/29 | 82656 |
|  | Petrobras Global Finance BV, Company Guaranteed Notes: |  |
| 100000 | &nbsp;&nbsp;&nbsp;7.375% due 1/17/27 | 103358 |
| 50000 | &nbsp;&nbsp;&nbsp;5.999% due 1/27/28 | 50809 |
|  | Targa Resources Partners LP/Targa Resources Partners Finance Corp., Company Guaranteed Notes: |  |
| 51000 | &nbsp;&nbsp;&nbsp;6.500% due 7/15/27 | 51096 |
| 123000 | &nbsp;&nbsp;&nbsp;6.875% due 1/15/29 | 125361 |
| 119000 | &nbsp;&nbsp;&nbsp;5.500% due 3/1/30 | 119924 |
| 2197000 | Welltec International ApS, Senior Secured Notes, 8.250% due 10/15/26<sup>(a)</sup> | 2199860 |
|  | Western Midstream Operating LP, Senior Unsecured Notes: |  |
| 16000 | &nbsp;&nbsp;&nbsp;6.350% due 1/15/29 | 16612 |
| 100000 | &nbsp;&nbsp;&nbsp;4.050% due 2/1/30 | 95063 |
| 117000 | Williams Cos., Inc., Senior Unsecured Notes, 4.800% due 11/15/29 | 117652 |
|  | Total Energy | 10895204 |
| **Financial - 6.1%** | **Financial - 6.1%** |  |
| 258000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Company Guaranteed Notes, 5.750% due 6/6/28 | 265120 |
|  | Ally Financial Inc., Senior Unsecured Notes: |  |
| 16000 | 6.992% (SOFRRATE + 3.260%) due 6/13/29<sup>(b)</sup> | 16716 |
| 12000 | 6.848% (SOFRRATE + 2.820%) due 1/3/30<sup>(b)</sup> | 12528 |
| 263000 | American Express Co., Senior Unsecured Notes, 4.731% (SOFRRATE + 1.260%) due 4/25/29<sup>(b)</sup> | 264467 |
| 57000 | American Homes 4 Rent LP, Senior Unsecured Notes, 4.250% due 2/15/28 | 56301 |
| 88000 | American International Group Inc., Senior Unsecured Notes, 4.850% due 5/7/30 | 88338 |
| 50000 | American National Group Inc., Senior Unsecured Notes, 5.750% due 10/1/29 | 50851 |
| 283000 | American Tower Corp., Senior Unsecured Notes, 4.900% due 3/15/30 | 284639 |
| 255000 | Athene Global Funding, Secured Notes, 4.721% due 10/8/29<sup>(a)</sup> | 251651 |
| 14000 | Aviation Capital Group LLC, Senior Unsecured Notes, 6.250% due 4/15/28<sup>(a)</sup> | 14469 |
|  | Avolon Holdings Funding Ltd., Company Guaranteed Notes: |  |
| 75000 | &nbsp;&nbsp;&nbsp;6.375% due 5/4/28<sup>(a)</sup> | 77639 |
| 174000 | &nbsp;&nbsp;&nbsp;5.375% due 5/30/30<sup>(a)</sup> | 174579 |
|  | Banco Continental SAECA, Senior Unsecured Notes: |  |
| 150000 | &nbsp;&nbsp;&nbsp;2.750% due 12/10/25 | 148507 |
| 150000 | &nbsp;&nbsp;&nbsp;2.750% due 12/10/25<sup>(a)</sup> | 148507 |
| 200000 | Banco de Bogota SA, Subordinated Notes, 6.250% due 5/12/26 | 200357 |
| 100000 | Banco de Credito del Peru SA, Subordinated Notes, 3.250% (5-Year CMT Index + 2.450%) due 9/30/31<sup>(b)</sup> | 96973 |
| 300000 | Banco Industrial SA, Subordinated Notes, 4.875% (5-Year CMT Index + 4.442%) due 1/29/31<sup>(b)</sup> | 294000 |
| 300000 | Banco Internacional del Peru SAA Interbank, Subordinated Notes, 4.000% (5-Year CMT Index + 3.711%) due 7/8/30<sup>(b)</sup> | 299289 |
| 200000 | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, Subordinated Notes, 7.525% (5-Year CMT Index + 2.995%) due 10/1/28<sup>(b)</sup> | 209930 |
| 200000 | Bank Negara Indonesia Persero Tbk PT, Subordinated Notes, 3.750% due 3/30/26 | 196276 |
|  | Bank of America Corp., Senior Unsecured Notes: |  |
| 15000 | &nbsp;&nbsp;&nbsp;4.827% (SOFRRATE + 1.750%) due 7/22/26<sup>(b)</sup> | 14998 |
| 58000 | &nbsp;&nbsp;&nbsp;3.559% (3-Month TSFR + 1.322%) due 4/23/27<sup>(b)</sup> | 57406 |
| 161000 | &nbsp;&nbsp;&nbsp;4.979% (SOFRRATE + 0.830%) due 1/24/29<sup>(b)</sup> | 162577 |
| 2104000 | BGC Group Inc., Senior Unsecured Notes, 4.375% due 12/15/25 | 2096016 |
| 26000 | Brown & Brown Inc., Senior Unsecured Notes, 4.500% due 3/15/29 | 25788 |
| 78000 | Canadian Imperial Bank of Commerce, Senior Unsecured Notes, 5.245% (SOFRRATE + 1.105%) due 1/13/31<sup>(b)</sup> | 79253 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Financial - (continued)** | **Financial - (continued)** | **Financial - (continued)** |  |
| 227000 |  | Capital One Financial Corp., Senior Unsecured Notes, 4.985% (SOFRRATE + 2.160%) due 7/24/26<sup>(b)</sup> | $226998 |
| 1613000 |  | Charles Schwab Corp., Junior Subordinated Notes, 5.375% (5-Year CMT Index + 4.971%)<sup>(b)(e)</sup> | 1613000 |
|  |  | Citigroup Inc., Senior Unsecured Notes: |  |
| 95000 |  | &nbsp;&nbsp;&nbsp;4.786% (SOFRRATE + 0.870%) due 3/4/29<sup>(b)</sup> | 95129 |
| 206000 |  | &nbsp;&nbsp;&nbsp;4.542% (SOFRRATE + 1.338%) due 9/19/30<sup>(b)</sup> | 203464 |
| 28000 |  | CNA Financial Corp., Senior Unsecured Notes, 3.900% due 5/1/29 | 27206 |
| 106000 |  | Corebridge Global Funding, Senior Secured Notes, 5.750% due 7/2/26<sup>(a)</sup> | 107340 |
| 55000 |  | CubeSmart LP, Company Guaranteed Notes, 4.375% due 2/15/29 | 54170 |
| 200000 |  | DBS Group Holdings Ltd., Subordinated Notes, 1.822% (5-Year CMT Index + 1.100%) due 3/10/31<sup>(b)</sup> | 195637 |
| 14000 |  | DOC DR LLC, Company Guaranteed Notes, 4.300% due 3/15/27 | 13921 |
| 323000 |  | Extra Space Storage LP, Company Guaranteed Notes, 5.500% due 7/1/30 | 330984 |
| 1470955 |  | Five Point Operating Co. LP/Five Point Capital Corp., Company Guaranteed Notes, step bond to yield, 10.500% due 1/15/28<sup>(a)</sup> | 1498138 |
| 135000 |  | Goldman Sachs Bank USA, Senior Unsecured Notes, 5.118% (SOFRRATE + 0.770%) due 3/18/27<sup>(b)</sup> | 135085 |
| 33000 |  | Huntington Bancshares Inc., Senior Unsecured Notes, 5.272% (SOFRRATE + 1.276%) due 1/15/31<sup>(b)</sup> | 33357 |
| 2734000 |  | Icahn Enterprises LP/Icahn Enterprises Finance Corp., Senior Secured Notes, 5.250% due 5/15/27 | 2601628 |
| 50000 |  | InRetail Shopping Malls, Company Guaranteed Notes, 5.750% due 4/3/28 | 49775 |
| 260000 |  | Intercorp Financial Services Inc., Senior Unsecured Notes, 4.125% due 10/19/27 | 252026 |
| 1902 |  | Interoceanica IV Finance Ltd., Senior Secured Notes, zero coupon, due 11/30/25 | 1843 |
|  |  | JPMorgan Chase & Co., Senior Unsecured Notes: |  |
| 182000 |  | &nbsp;&nbsp;&nbsp;5.264% (SOFRRATE + 0.920%) due 4/22/28<sup>(b)</sup> | 182666 |
| 127000 |  | &nbsp;&nbsp;&nbsp;4.915% (SOFRRATE + 0.800%) due 1/24/29<sup>(b)</sup> | 128110 |
| 114000 |  | LPL Holdings Inc., Company Guaranteed Notes, 4.625% due 11/15/27<sup>(a)</sup> | 113097 |
| 53000 |  | M&T Bank Corp., Senior Unsecured Notes, 4.833% (SOFRRATE + 0.930%) due 1/16/29<sup>(b)</sup> | 53105 |
|  |  | New York Life Global Funding, Secured Notes: |  |
| 10000 |  | &nbsp;&nbsp;&nbsp;4.827% (SOFRRATE + 0.480%) due 6/9/26<sup>(a)(b)</sup> | 10017 |
| 13000 |  | &nbsp;&nbsp;&nbsp;4.700% due 1/29/29<sup>(a)</sup> | 13100 |
| 2500000 | <sup>SEK</sup> | Novedo Holding AB, Senior Secured Notes, 9.361% (3-Month SEK-STIBOR + 7.000%) due 9/23/27<sup>(b)</sup> | 258174 |
| 75000 |  | Omega Healthcare Investors Inc., Company Guaranteed Notes, 4.750% due 1/15/28 | 75050 |
| 9000 |  | Pacific Life Global Funding II, Senior Secured Notes, 4.970% (SOFRRATE + 0.620%) due 6/4/26<sup>(a)(b)</sup> | 9017 |
| 119000 |  | PNC Financial Services Group Inc., Senior Unsecured Notes, 5.812% (SOFRRATE + 1.322%) due 6/12/26<sup>(b)</sup> | 119024 |
| 160000 |  | Royal Bank of Canada, Senior Unsecured Notes, 5.203% (SOFRRATE + 0.860%) due 10/18/28<sup>(b)</sup> | 159777 |
| 101000 |  | Santander Holdings USA Inc., Senior Unsecured Notes, 5.473% (SOFRRATE + 1.610%) due 3/20/29<sup>(b)</sup> | 101814 |
| 59000 |  | State Street Corp., Senior Unsecured Notes, 4.543% (SOFRRATE + 0.950%) due 4/24/28<sup>(b)</sup> | 59132 |
| 25000000 | <sup>SEK</sup> | Stockwik Forvaltning AB, Senior Secured Notes, 10.317% (3-Month SEK-STIBOR + 8.000%) due 3/20/26<sup>(b)</sup> | 2627379 |
|  |  | Truist Financial Corp., Senior Unsecured Notes: |  |
| 204000 |  | &nbsp;&nbsp;&nbsp;4.260% (SOFRRATE + 1.456%) due 7/28/26<sup>(b)</sup> | 203767 |
| 275000 |  | &nbsp;&nbsp;&nbsp;7.161% (SOFRRATE + 2.446%) due 10/30/29<sup>(b)</sup> | 296048 |
| 234000 |  | VICI Properties LP/VICI Note Co., Inc., Company Guaranteed Notes, 4.250% due 12/1/26<sup>(a)</sup> | 231405 |
|  |  | Wells Fargo & Co., Senior Unsecured Notes: |  |
| 164000 |  | &nbsp;&nbsp;&nbsp;5.414% (SOFRRATE + 1.070%) due 4/22/28<sup>(b)</sup> | 164570 |
| 76000 |  | &nbsp;&nbsp;&nbsp;6.303% (SOFRRATE + 1.790%) due 10/23/29<sup>(b)</sup> | 79754 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | |
| **Financial - (continued)** | **Financial - (continued)** | **Financial - (continued)** | |
| 199000 |  | Welltower OP LLC, Company Guaranteed Notes, 4.000% due 6/1/25 | $199000 |
|  |  | Total Financial | 18110882 |
| **Healthcare - 1.5%** | **Healthcare - 1.5%** | **Healthcare - 1.5%** |  |
| 5949970 |  | ProSomnus Inc., Senior Secured Notes, 8.000% due 12/31/26<sup>@(c)(d)</sup> | 4477353 |
| **Industrial - 3.2%** | **Industrial - 3.2%** | **Industrial - 3.2%** |  |
| 128000 |  | Arrow Electronics Inc., Senior Unsecured Notes, 5.150% due 8/21/29 | 129329 |
| 237536 |  | Bioceanico Sovereign Certificate Ltd., Senior Secured Notes, zero coupon, due 6/5/34 | 186965 |
| 189000 |  | Canadian Pacific Railway Co., Company Guaranteed Notes, 4.800% due 3/30/30 | 190336 |
| 200000 |  | Cemex SAB de CV, Subordinated Notes, 5.125% (5-Year CMT Index + 4.534%)<sup>(b)(e)</sup> | 197849 |
|  |  | GATX Corp., Senior Unsecured Notes: |  |
| 81000 |  | &nbsp;&nbsp;&nbsp;4.700% due 4/1/29 | 80944 |
| 5000 |  | &nbsp;&nbsp;&nbsp;4.000% due 6/30/30 | 4789 |
| 90000 |  | Holcim Finance US LLC, Company Guaranteed Notes, 4.700% due 4/7/28<sup>(a)</sup> | 90460 |
| 252000 |  | Jacobs Engineering Group Inc., Company Guaranteed Notes, 6.350% due 8/18/28 | 263258 |
| 119298 |  | Lima Metro Line 2 Finance Ltd., Senior Secured Notes, 5.875% due 7/5/34 | 119893 |
| 167000 |  | MasTec Inc., Company Guaranteed Notes, 4.500% due 8/15/28<sup>(a)</sup> | 163956 |
| 80000 |  | Molex Electronic Technologies LLC, Senior Unsecured Notes, 4.750% due 4/30/28<sup>(a)</sup> | 80099 |
| 150420 |  | MV24 Capital BV, Senior Secured Notes, 6.748% due 6/1/34 | 144301 |
| 175000 |  | Northrop Grumman Corp., Senior Unsecured Notes, 4.650% due 7/15/30 | 175525 |
| 164000 |  | Penske Truck Leasing Co. LP/PTL Finance Corp., Senior Unsecured Notes, 5.250% due 2/1/30<sup>(a)</sup> | 166593 |
| 162000 |  | Republic Services Inc., Senior Unsecured Notes, 4.750% due 7/15/30 | 163617 |
|  |  | Ryder System Inc., Senior Unsecured Notes: |  |
| 6000 |  | &nbsp;&nbsp;&nbsp;5.250% due 6/1/28 | 6115 |
| 25000 |  | &nbsp;&nbsp;&nbsp;4.950% due 9/1/29 | 25056 |
| 67000 |  | Sonoco Products Co., Senior Unsecured Notes, 4.450% due 9/1/26 | 66663 |
| 283000 |  | TK Elevator Holdco GmbH, Company Guaranteed Notes, 7.625% due 7/15/28<sup>(a)</sup> | 283394 |
| 4136000 |  | TransDigm Inc., Company Guaranteed Notes, 5.500% due 11/15/27 | 4132765 |
| 446000 |  | Triumph Group Inc., Senior Secured Notes, 9.000% due 3/15/28<sup>(a)</sup> | 467051 |
| 170000 |  | Veralto Corp., Company Guaranteed Notes, 5.500% due 9/18/26 | 171881 |
| 2077000 |  | XPO Inc., Senior Secured Notes, 6.250% due 6/1/28<sup>(a)</sup> | 2097751 |
|  |  | Total Industrial | 9408590 |
| **Technology - 3.5%** | **Technology - 3.5%** | **Technology - 3.5%** |  |
| 105000 |  | AppLovin Corp., Senior Unsecured Notes, 5.125% due 12/1/29 | 105697 |
| 81000 |  | Atlassian Corp., Senior Unsecured Notes, 5.250% due 5/15/29 | 82630 |
| 2846000 | <sup>EUR</sup> | Azerion Group NV, Senior Secured Notes, 9.086% (3-Month EURIBOR + 6.750%) due 10/2/26<sup>(b)</sup> | 3215438 |
| 95000 |  | Broadcom Inc., Company Guaranteed Notes, 3.150% due 11/15/25 | 94381 |
| 74000 |  | Broadcom Inc., Senior Unsecured Notes, 4.350% due 2/15/30 | 73147 |
| 15590000 | <sup>SEK</sup> | Cabonline Group Holding AB, Senior Secured Notes, 10.000% due 3/19/28 | 1544925 |
| 167000 |  | Dell International LLC/EMC Corp., Company Guaranteed Notes, 4.350% due 2/1/30 | 164102 |
| 990000 |  | Fair Isaac Corp., Senior Unsecured Notes, 5.250% due 5/15/26 | 988364 |
| 253000 |  | Fiserv Inc., Senior Unsecured Notes, 4.750% due 3/15/30 | 252290 |
| 221000 |  | Hewlett Packard Enterprise Co., Senior Unsecured Notes, 4.550% due 10/15/29 | 219141 |
| 16489481 | <sup>SEK</sup> | Impala BondCo PLC, Senior Secured Notes, 12.000% due 10/30/27<sup>(c)(f)</sup> | 1032039 |
| 74000 |  | Kyndryl Holdings Inc., Senior Unsecured Notes, 2.050% due 10/15/26 | 71365 |
| 69000 |  | Marvell Technology Inc., Senior Unsecured Notes, 5.750% due 2/15/29 | 71362 |
| 79000 |  | Microchip Technology Inc., Company Guaranteed Notes, 4.250% due 9/1/25 | 78880 |
| 95000 |  | Oracle Corp., Senior Unsecured Notes, 5.800% due 11/10/25 | 95499 |
| 46000 |  | Paychex Inc., Senior Unsecured Notes, 5.100% due 4/15/30 | 46596 |
| 1512000 |  | SS&C Technologies Inc., Company Guaranteed Notes, 5.500% due 9/30/27<sup>(a)</sup> | 1510314 |
| 612000 |  | Western Digital Corp., Company Guaranteed Notes, 4.750% due 2/15/26 | 609971 |
|  |  | Total Technology | 10256141 |
| **Utilities - 1.1%** | **Utilities - 1.1%** | **Utilities - 1.1%** |  |
| 212000 |  | American Electric Power Co., Inc., Senior Unsecured Notes, 5.200% due 1/15/29 | 216058 |
| 57000 |  | CenterPoint Energy Inc., Senior Unsecured Notes, 5.400% due 6/1/29 | 58594 |
| 186000 |  | Chile Electricity Lux MPC SARL, Government Guaranteed Notes, 6.010% due 1/20/33 | 190882 |
| 292250 |  | Chile Electricity PEC SpA, Senior Secured Notes, zero coupon, due 1/25/28 | 254842 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |  |
| **Utilities - (continued)** | **Utilities - (continued)** |  |
| 151600 | Cometa Energia SA de CV, Senior Secured Notes, 6.375% due 4/24/35 | $153014 |
| 200000 | Comision Federal de Electricidad, Senior Unsecured Notes, 4.750% due 2/23/27 | 199238 |
| 92000 | Dominion Energy Inc., Senior Unsecured Notes, 5.000% due 6/15/30 | 92883 |
| 95000 | DTE Energy Co., Senior Unsecured Notes, 5.200% due 4/1/30 | 96629 |
| 200000 | Energuate Trust, Company Guaranteed Notes, 5.875% due 5/3/27 | 197750 |
|  | Essential Utilities Inc., Senior Unsecured Notes: |  |
| 63000 | &nbsp;&nbsp;&nbsp;4.800% due 8/15/27 | 63356 |
| 4000 | &nbsp;&nbsp;&nbsp;3.566% due 5/1/29 | 3835 |
| 162000 | Evergy Kansas Central Inc., Senior Unsecured Notes, 4.700% due 3/13/28 | 162969 |
| 107000 | Exelon Corp., Senior Unsecured Notes, 5.150% due 3/15/29 | 109000 |
| 4000 | FirstEnergy Transmission LLC, Senior Unsecured Notes, 4.550% due 1/15/30 | 3963 |
| 335000 | Interstate Power & Light Co., Senior Unsecured Notes, 3.600% due 4/1/29 | 322822 |
| 142000 | JSW Hydro Energy Ltd., Senior Secured Notes, 4.125% due 5/18/31 | 127800 |
| 231024 | Mexico Generadora de Energia S de rl, Senior Secured Notes, 5.500% due 12/6/32 | 225699 |
| 78000 | National Fuel Gas Co., Senior Unsecured Notes, 5.500% due 3/15/30 | 79518 |
| 124000 | National Rural Utilities Cooperative Finance Corp., Senior Unsecured Notes, 4.750% due 2/7/28 | 125245 |
| 240000 | NextEra Energy Capital Holdings Inc., Company Guaranteed Notes, 5.050% due 3/15/30 | 243206 |
| 174000 | NiSource Inc., Senior Unsecured Notes, 5.200% due 7/1/29 | 177278 |
| 44000 | Pinnacle West Capital Corp., Senior Unsecured Notes, 4.900% due 5/15/28 | 44337 |
| 154000 | Public Service Enterprise Group Inc., Senior Unsecured Notes, 5.875% due 10/15/28 | 160178 |
| 23000 | Xcel Energy Inc., Senior Unsecured Notes, 4.000% due 6/15/28 | 22651 |
|  | Total Utilities | 3331747 |
|  | **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $119,388,593) | **111487486** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.4%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.4%** |  |
| **Mortgage Securities - 13.4%** | **Mortgage Securities - 13.4%** |  |
| 200000 | 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, 5.518% (1-Month TSFR + 1.180%) due 9/15/34<sup>(a)(b)</sup> | 197625 |
| 152059 | Angel Oak Mortgage Trust, Series 2020-6, Class A1, 1.261% due 5/25/65<sup>(a)(b)</sup> | 136785 |
| 183000 | Arbor Multifamily Mortgage Securities Trust, Series 2021-MF2, Class A2, 2.023% due 6/15/54<sup>(a)</sup> | 176948 |
| 213098 | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A, 5.793% (1-Month TSFR + 1.464%) due 11/15/36<sup>(a)(b)</sup> | 213022 |
|  | BANK: |  |
| 1220553 | &nbsp;&nbsp;&nbsp;Series 2017-BNK4, Class XA, 1.328% due 5/15/50<sup>(b)(g)</sup> | 24179 |
| 1423155 | &nbsp;&nbsp;&nbsp;Series 2017-BNK6, Class XA, 0.780% due 7/15/60<sup>(b)(g)</sup> | 18304 |
| 279126 | BANK5, Series 2024-5YR8, Class A1, 5.188% due 8/15/57 | 281890 |
|  | BBCMS Mortgage Trust: |  |
| 231600 | &nbsp;&nbsp;&nbsp;Series 2024-C24, Class A1, 5.229% due 2/15/57 | 233089 |
| 273550 | &nbsp;&nbsp;&nbsp;Series 2025-5C33, Class A1, 4.971% due 3/15/58 | 272809 |
|  | Benchmark Mortgage Trust: |  |
| 9348973 | &nbsp;&nbsp;&nbsp;Series 2018-B4, Class XA, 0.468% due 7/15/51<sup>(b)(g)</sup> | 102888 |
| 3547292 | &nbsp;&nbsp;&nbsp;Series 2020-B16, Class XA, 1.030% due 2/15/53<sup>(b)(g)</sup> | 115244 |
| 276200 | &nbsp;&nbsp;&nbsp;Series 2024-V8, Class A1, 5.514% due 7/15/57 | 280116 |
| 150000 | BFLD Mortgage Trust, Series 2024-VICT, Class A, 6.219% (1-Month TSFR + 1.890%) due 7/15/41<sup>(a)(b)</sup> | 150469 |
| 303625 | BLP Commercial Mortgage Trust, Series 2024-IND2, Class A, 5.671% (1-Month TSFR + 1.342%) due 3/15/41<sup>(a)(b)</sup> | 303815 |
|  | BMO Mortgage Trust: |  |
| 155647 | &nbsp;&nbsp;&nbsp;Series 2023-C5, Class A1, 5.740% due 6/15/56 | 157062 |
| 270079 | &nbsp;&nbsp;&nbsp;Series 2024-5C4, Class A1, 6.017% due 5/15/57 | 275990 |
| 282897 | &nbsp;&nbsp;&nbsp;Series 2024-C9, Class A1, 5.478% due 7/15/57 | 286179 |
| 208000 | BPR Trust, Series 2021-TY, Class A, 5.493% (1-Month TSFR + 1.164%) due 9/15/38<sup>(a)(b)</sup> | 207545 |
|  | BRAVO Residential Funding Trust: |  |
| 731664 | &nbsp;&nbsp;&nbsp;Series 2022-RPL1, Class A1, 2.750% due 9/25/61<sup>(a)(b)</sup> | 666954 |
| 397014 | &nbsp;&nbsp;&nbsp;Series 2023-NQM5, Class A1, step bond to yield, 6.505% due 6/25/63<sup>(a)</sup> | 399211 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| 277000 | BRSP Ltd., Series 2024-FL2, Class A, 6.272% (1-Month TSFR + 1.945%) due 8/19/37<sup>(a)(b)</sup> | $276473 |
| 329832 | BSPRT Issuer Ltd., Series 2023-FL10, Class A, 6.588% (1-Month TSFR + 2.259%) due 9/15/35<sup>(a)(b)</sup> | 330271 |
|  | BX Commercial Mortgage Trust: |  |
| 91668 | &nbsp;&nbsp;&nbsp;Series 2021-21M, Class A, 5.173% (1-Month TSFR + 0.844%) due 10/15/36<sup>(a)(b)</sup> | 91324 |
| 74799 | &nbsp;&nbsp;&nbsp;Series 2021-VINO, Class A, 5.096% (1-Month TSFR + 0.767%) due 5/15/38<sup>(a)(b)</sup> | 74752 |
| 143466 | &nbsp;&nbsp;&nbsp;Series 2021-XL2, Class A, 5.132% (1-Month TSFR + 0.803%) due 10/15/38<sup>(a)(b)</sup> | 143376 |
| 105945 | &nbsp;&nbsp;&nbsp;Series 2022-LP2, Class A, 5.342% (1-Month TSFR + 1.013%) due 2/15/39<sup>(a)(b)</sup> | 105746 |
| 222130 | BX Mortgage Trust, Series 2022-MVRK, Class A, 5.796% (1-Month TSFR + 1.467%) due 3/15/39<sup>(a)(b)</sup> | 221734 |
|  | BX Trust: |  |
| 182000 | &nbsp;&nbsp;&nbsp;Series 2022-PSB, Class B, 7.278% (1-Month TSFR + 2.949%) due 8/15/39<sup>(a)(b)</sup> | 181886 |
| 2200000 | &nbsp;&nbsp;&nbsp;Series 2025-LUNR, Class A, 5.812% (1-Month TSFR + 1.500%) due 6/15/40<sup>(b)</sup> | 2200000 |
| 156585 | Cantor Commercial Real Estate Lending, Series 2019-CF1, Class A2, 3.623% due 5/15/52 | 149012 |
| 1281282 | CD Mortgage Trust, Series 2017-CD4, Class XA, 1.216% due 5/10/50<sup>(b)(g)</sup> | 21478 |
| 287000 | CFCRE Commercial Mortgage Trust, Series 2017-C8, Class XB, 0.890% due 6/15/50<sup>(b)(g)</sup> | 4481 |
|  | Citigroup Commercial Mortgage Trust: |  |
| 144084 | &nbsp;&nbsp;&nbsp;Series 2015-P1, Class A5, 3.717% due 9/15/48 | 143611 |
| 199452 | &nbsp;&nbsp;&nbsp;Series 2016-P3, Class A3, 3.063% due 4/15/49 | 196964 |
| 400000 | &nbsp;&nbsp;&nbsp;Series 2016-P3, Class A4, 3.329% due 4/15/49 | 392938 |
| 200000 | &nbsp;&nbsp;&nbsp;Series 2016-P4, Class A4, 2.902% due 7/10/49 | 195004 |
| 250513 | &nbsp;&nbsp;&nbsp;Series 2017-P7, Class A3, 3.442% due 4/14/50 | 245803 |
| 92849 | COLT Mortgage Pass-Through Certificates, Series 2021-1R, Class A1, 0.857% due 5/25/65<sup>(a)(b)</sup> | 83261 |
| 567969 | COLT Trust, Series 2021-RPL1, Class A1, 1.665% due 9/25/61<sup>(a)(b)</sup> | 516225 |
| 227000 | Commercial Mortgage Trust, Series 2018-HCLV, Class A, 5.625% (1-Month TSFR + 1.296%) due 9/15/33<sup>(a)(b)</sup> | 206484 |
| 616306 | Connecticut Avenue Securities Trust, Series 2024-R01, Class 1M1, 5.372% (SOFR30A + 1.050%) due 1/25/44<sup>(a)(b)</sup> | 616497 |
|  | Cross Mortgage Trust: |  |
| 637487 | &nbsp;&nbsp;&nbsp;Series 2024-H1, Class A1, step bond to yield, 6.085% due 12/25/68<sup>(a)</sup> | 640309 |
| 692907 | &nbsp;&nbsp;&nbsp;Series 2024-H5, Class A1, step bond to yield, 5.854% due 8/26/69<sup>(a)</sup> | 695261 |
|  | CSAIL Commercial Mortgage Trust: |  |
| 555349 | &nbsp;&nbsp;&nbsp;Series 2017-C8, Class XA, 1.057% due 6/15/50<sup>(b)(g)</sup> | 8642 |
| 3460123 | &nbsp;&nbsp;&nbsp;Series 2017-CX10, Class XA, 0.840% due 11/15/50<sup>(b)(g)</sup> | 48599 |
| 2953128 | &nbsp;&nbsp;&nbsp;Series 2018-CX12, Class XA, 0.542% due 8/15/51<sup>(b)(g)</sup> | 42251 |
|  | DBJPM Mortgage Trust: |  |
| 200000 | &nbsp;&nbsp;&nbsp;Series 2016-C3, Class A5, 2.890% due 8/10/49 | 195437 |
| 189082 | &nbsp;&nbsp;&nbsp;Series 2020-C9, Class A2, 1.900% due 8/15/53 | 185819 |
| 170000 | Del Amo Fashion Center Trust, Series 2017-AMO, Class A, 3.636% due 6/5/35<sup>(a)(b)</sup> | 162597 |
| 1001924 | Ellington Financial Mortgage Trust, Series 2022-3, Class A1, step bond to yield, 5.000% due 8/25/67<sup>(a)</sup> | 997502 |
| 149826 | ELP Commercial Mortgage Trust, Series 2021-ELP, Class A, 5.144% (1-Month TSFR + 0.815%) due 11/15/38<sup>(a)(b)</sup> | 149451 |
| 208988 | EQUS Mortgage Trust, Series 2021-EQAZ, Class A, 5.348% (1-Month TSFR + 1.019%) due 10/15/38<sup>(a)(b)</sup> | 208727 |
|  | Federal Home Loan Mortgage Corp. (FHLMC), REMICS: |  |
| 322546 | &nbsp;&nbsp;&nbsp;Series 4631, Class FA, 4.947% (SOFR30A + 0.614%) due 11/15/46<sup>(b)</sup> | 316024 |
| 1104900 | &nbsp;&nbsp;&nbsp;Series 4987, Class BF, 4.836% (SOFR30A + 0.514%) due 6/25/50<sup>(b)</sup> | 1079837 |
| 621216 | &nbsp;&nbsp;&nbsp;Series 4990, Class FN, 4.786% (SOFR30A + 0.464%) due 5/25/50<sup>(b)</sup> | 593987 |
| 460445 | &nbsp;&nbsp;&nbsp;Series 5475, Class FG, 5.472% (SOFR30A + 1.150%) due 11/25/54<sup>(b)</sup> | 455423 |
| 521764 | &nbsp;&nbsp;&nbsp;Series 5480, Class FD, 5.672% (SOFR30A + 1.350%) due 3/25/54<sup>(b)</sup> | 520480 |
| 251287 | &nbsp;&nbsp;&nbsp;Series 5524, Class AF, 5.522% (SOFR30A + 1.200%) due 4/25/55<sup>(b)</sup> | 249760 |
|  | Federal National Mortgage Association (FNMA), Aces: |  |
| 974548 | &nbsp;&nbsp;&nbsp;Series 2020-M49, Class 1A1, 1.255% due 11/25/30<sup>(b)</sup> | 900418 |
| 160262 | &nbsp;&nbsp;&nbsp;Series 2021-M7, Class A1, 1.725% due 3/25/31<sup>(b)</sup> | 151352 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
|  | Federal National Mortgage Association (FNMA), REMICS: |  |
| 392012 | &nbsp;&nbsp;&nbsp;Series 2024-82, Class FH, 5.472% (SOFR30A + 1.150%) due 11/25/54<sup>(b)</sup> | $388457 |
| 590612 | &nbsp;&nbsp;&nbsp;Series 2024-89, Class FD, 5.722% (SOFR30A + 1.400%) due 9/25/53<sup>(b)</sup> | 590907 |
| 412824 | &nbsp;&nbsp;&nbsp;Series 2024-93, Class FL, 5.772% (SOFR30A + 1.450%) due 12/25/54<sup>(b)</sup> | 413080 |
| 413588 | &nbsp;&nbsp;&nbsp;Series 2025-28, Class FM, 5.572% (SOFR30A + 1.250%) due 4/25/55<sup>(b)</sup> | 410139 |
| 765922 | GCAT Trust, Series 2022-NQM4, Class A1, step bond to yield, 5.269% due 8/25/67<sup>(a)</sup> | 762017 |
| 117015 | GPMT Ltd., Series 2021-FL3, Class A, 5.941% (1-Month TSFR + 1.614%) due 7/16/35<sup>(a)(b)</sup> | 114700 |
| 320000 | Great Wolf Trust, Series 2024-WOLF, Class A, 5.871% (1-Month TSFR + 1.542%) due 3/15/39<sup>(a)(b)</sup> | 319800 |
|  | GS Mortgage Securities Corp. Trust: |  |
| 208000 | &nbsp;&nbsp;&nbsp;Series 2021-IP, Class A, 5.393% (1-Month TSFR + 1.064%) due 10/15/36<sup>(a)(b)</sup> | 206700 |
| 250000 | &nbsp;&nbsp;&nbsp;Series 2023-SHIP, Class A, 4.322% due 9/10/38<sup>(a)(b)</sup> | 247996 |
|  | GS Mortgage Securities Trust: |  |
| 237000 | &nbsp;&nbsp;&nbsp;Series 2015-GC34, Class A4, 3.506% due 10/10/48 | 235201 |
| 3527081 | &nbsp;&nbsp;&nbsp;Series 2016-GS4, Class XA, 0.556% due 11/10/49<sup>(b)(g)</sup> | 18404 |
| 1645745 | &nbsp;&nbsp;&nbsp;Series 2017-GS6, Class XA, 0.996% due 5/10/50<sup>(b)(g)</sup> | 23228 |
| 3122529 | &nbsp;&nbsp;&nbsp;Series 2017-GS8, Class XA, 0.928% due 11/10/50<sup>(b)(g)</sup> | 52670 |
| 250000 | INCREF LLC, Series 2025-FL1, Class A, 6.055% (1-Month TSFR + 1.728%) due 10/19/42<sup>(a)(b)</sup> | 250349 |
| 285000 | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2016-JP2, Class A4, 2.822% due 8/15/49 | 278829 |
|  | JPMBB Commercial Mortgage Securities Trust: |  |
| 111244 | &nbsp;&nbsp;&nbsp;Series 2015-C31, Class A3, 3.801% due 8/15/48 | 110737 |
| 717399 | &nbsp;&nbsp;&nbsp;Series 2015-C32, Class XA, 1.084% due 11/15/48<sup>(b)(g)</sup> | 23 |
| 200000 | &nbsp;&nbsp;&nbsp;Series 2016-C1, Class A5, 3.576% due 3/17/49 | 198026 |
| 220000 | KREF Ltd., Series 2021-FL2, Class B, 6.093% (1-Month TSFR + 1.764%) due 2/15/39<sup>(a)(b)</sup> | 214494 |
| 299381 | Legacy Mortgage Asset Trust, Series 2021-GS4, Class A1, step bond to yield, 4.650% due 11/25/60<sup>(a)</sup> | 299062 |
| 91388 | LFT CRE Ltd., Series 2021-FL1, Class A, 5.613% (1-Month TSFR + 1.284%) due 6/15/39<sup>(a)(b)</sup> | 91073 |
| 250000 | MF1, Series 2024-FL15, Class A, 6.015% (1-Month TSFR + 1.688%) due 8/18/41<sup>(a)(b)</sup> | 250772 |
| 330000 | MF1 Ltd., Series 2021-FL7, Class AS, 5.891% (1-Month TSFR + 1.564%) due 10/16/36<sup>(a)(b)</sup> | 326537 |
| 463283 | MFA Trust, Series 2023-NQM3, Class A1, step bond to yield, 6.617% due 7/25/68<sup>(a)</sup> | 466386 |
| 41954 | MHC Commercial Mortgage Trust, Series 2021-MHC, Class A, 5.244% (1-Month TSFR + 0.915%) due 4/15/38<sup>(a)(b)</sup> | 41927 |
| 106041 | MHP, Series 2022-MHIL, Class A, 5.143% (1-Month TSFR + 0.815%) due 1/15/39<sup>(a)(b)</sup> | 105644 |
| 253000 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C23, Class AS, 4.004% due 7/15/50<sup>(b)</sup> | 252425 |
|  | Morgan Stanley Capital I Trust: |  |
| 1099973 | &nbsp;&nbsp;&nbsp;Series 2016-UB11, Class XA, 1.429% due 8/15/49<sup>(b)(g)</sup> | 12217 |
| 3222386 | &nbsp;&nbsp;&nbsp;Series 2016-UB12, Class XA, 0.630% due 12/15/49<sup>(b)(g)</sup> | 20346 |
| 237000 | &nbsp;&nbsp;&nbsp;Series 2016-UBS9, Class A4, 3.594% due 3/15/49 | 233910 |
| 776008 | &nbsp;&nbsp;&nbsp;Series 2017-H1, Class XA, 1.293% due 6/15/50<sup>(b)(g)</sup> | 12961 |
| 174132 | &nbsp;&nbsp;&nbsp;Series 2021-L6, Class A2, 2.126% due 6/15/54<sup>(b)</sup> | 163705 |
| 158335 | &nbsp;&nbsp;&nbsp;Series 2024-NSTB, Class A, 3.900% due 9/24/57<sup>(a)(b)</sup> | 152601 |
| 209308 | MSC Trust, Series 2021-ILP, Class A, 5.221% (1-Month TSFR + 0.892%) due 11/15/36<sup>(a)(b)</sup> | 208654 |
|  | New Residential Mortgage Loan Trust: |  |
| 792326 | &nbsp;&nbsp;&nbsp;Series 2019-RPL3, Class A1, 2.750% due 7/25/59<sup>(a)(b)</sup> | 757325 |
| 116529 | &nbsp;&nbsp;&nbsp;Series 2020-NQM1, Class A2, 2.718% due 1/26/60<sup>(a)(b)</sup> | 109643 |
| 1304266 | &nbsp;&nbsp;&nbsp;Series 2024-NQM1, Class A1, step bond to yield, 6.129% due 3/25/64<sup>(a)</sup> | 1307949 |
|  | OBX Trust: |  |
| 535771 | &nbsp;&nbsp;&nbsp;Series 2022-NQM1, Class A1, 2.305% due 11/25/61<sup>(a)(b)</sup> | 475147 |
| 679562 | &nbsp;&nbsp;&nbsp;Series 2023-NQM1, Class A1, 6.120% due 11/25/62<sup>(a)(b)</sup> | 678629 |
| 695002 | &nbsp;&nbsp;&nbsp;Series 2024-NQM5, Class A1, step bond to yield, 5.988% due 1/25/64<sup>(a)</sup> | 697886 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - (continued)** |  |
| **Mortgage Securities - (continued)** | **Mortgage Securities - (continued)** |  |
| 733662 | &nbsp;&nbsp;&nbsp;Series 2024-NQM7, Class A1, step bond to yield, 6.243% due 3/25/64<sup>(a)</sup> | $739276 |
| 985644 | &nbsp;&nbsp;&nbsp;Series 2025-NQM7, Class A1, step bond to yield, 5.560% due 5/25/55<sup>(a)</sup> | 988930 |
| 355163 | PRPM LLC, Series 2021-4, Class A1, step bond to yield, 5.867% due 4/25/26<sup>(a)</sup> | 355272 |
| 840000 | PRPM Trust, Series 2025-NQM2, Class A1, step bond to yield, 5.688% due 4/25/70<sup>(a)</sup> | 840440 |
| 330000 | SDR Commercial Mortgage Trust, Series 2024-DSNY, Class A, 5.720% (1-Month TSFR + 1.392%) due 5/15/39<sup>(a)(b)</sup> | 327628 |
|  | SREIT Trust: |  |
| 200000 | &nbsp;&nbsp;&nbsp;Series 2021-IND, Class B, 5.540% (1-Month TSFR + 1.211%) due 10/15/38<sup>(a)(b)</sup> | 199125 |
| 176157 | &nbsp;&nbsp;&nbsp;Series 2021-MFP, Class A, 5.174% (1-Month TSFR + 0.845%) due 11/15/38<sup>(a)(b)</sup> | 175937 |
| 160000 | STWD Trust, Series 2021-FLWR, Class B, 5.369% (1-Month TSFR + 1.040%) due 7/15/36<sup>(a)(b)</sup> | 159400 |
| 283901 | TRTX Issuer Ltd., Series 2022-FL5, Class A, 5.979% (1-Month TSFR + 1.650%) due 2/15/39<sup>(a)(b)</sup> | 283707 |
| 713757 | UBS Commercial Mortgage Trust, Series 2017-C1, Class XA, 1.469% due 6/15/50<sup>(b)(g)</sup> | 14653 |
| 159000 | VEGAS Trust, Series 2024-TI, Class A, 5.518% due 11/10/39<sup>(a)</sup> | 160436 |
|  | Velocity Commercial Capital Loan Trust: |  |
| 759329 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class A, 1.520% due 8/25/51<sup>(a)(b)</sup> | 639391 |
| 297146 | &nbsp;&nbsp;&nbsp;Series 2021-2, Class M1, 1.820% due 8/25/51<sup>(a)(b)</sup> | 236881 |
| 897187 | &nbsp;&nbsp;&nbsp;Series 2024-5, Class A, 5.490% due 10/25/54<sup>(a)(b)</sup> | 889248 |
|  | Verus Securitization Trust: |  |
| 450267 | &nbsp;&nbsp;&nbsp;Series 2021-7, Class A1, step bond to yield, 1.829% due 10/25/66<sup>(a)</sup> | 402342 |
| 100328 | &nbsp;&nbsp;&nbsp;Series 2021-R1, Class A2, 1.057% due 10/25/63<sup>(a)(b)</sup> | 96558 |
| 401148 | &nbsp;&nbsp;&nbsp;Series 2023-1, Class A1, step bond to yield, 5.850% due 12/25/67<sup>(a)</sup> | 400507 |
| 475986 | &nbsp;&nbsp;&nbsp;Series 2023-INV2, Class A1, step bond to yield, 6.443% due 8/25/68<sup>(a)</sup> | 478753 |
| 467328 | &nbsp;&nbsp;&nbsp;Series 2024-1, Class A1, step bond to yield, 5.712% due 1/25/69<sup>(a)</sup> | 467825 |
| 1040082 | &nbsp;&nbsp;&nbsp;Series 2024-2, Class A1, step bond to yield, 6.095% due 2/25/69<sup>(a)</sup> | 1045019 |
| 56164 | Vista Point Securitization Trust, Series 2020-2, Class A1, 1.475% due 4/25/65<sup>(a)(b)</sup> | 53798 |
|  | Wells Fargo Commercial Mortgage Trust: |  |
| 129519 | &nbsp;&nbsp;&nbsp;Series 2015-C30, Class A4, 3.664% due 9/15/58 | 129098 |
| 1316100 | &nbsp;&nbsp;&nbsp;Series 2015-LC22, Class XA, 0.638% due 9/15/58<sup>(b)(g)</sup> | 25 |
| 1105397 | &nbsp;&nbsp;&nbsp;Series 2015-NXS2, Class XA, 0.315% due 7/15/58<sup>(b)(g)</sup> | 636 |
| 325000 | &nbsp;&nbsp;&nbsp;Series 2016-C33, Class A4, 3.426% due 3/15/59 | 320664 |
| 177149 | &nbsp;&nbsp;&nbsp;Series 2021-C60, Class A2, 2.042% due 8/15/54 | 170676 |
| 26171 | &nbsp;&nbsp;&nbsp;Series 2021-SAVE, Class A, 5.693% (1-Month TSFR + 1.364%) due 2/15/40<sup>(a)(b)</sup> | 26155 |
|  | Total Mortgage Securities | 39602256 |
|  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $42,231,337) | **39602256** |
| **ASSET-BACKED SECURITIES - 10.4%** | **ASSET-BACKED SECURITIES - 10.4%** |  |
| **Automobile ABS - 1.0%** | **Automobile ABS - 1.0%** |  |
|  | American Credit Acceptance Receivables Trust: |  |
| 84090 | &nbsp;&nbsp;&nbsp;Series 2024-2, Class A, 5.900% due 2/12/27<sup>(a)</sup> | 84163 |
| 85220 | &nbsp;&nbsp;&nbsp;Series 2024-3, Class A, 5.760% due 11/12/27<sup>(a)</sup> | 85404 |
| 74051 | Bridgecrest Lending Auto Securitization Trust, Series 2024-3, Class A2, 5.540% due 2/16/27 | 74110 |
|  | Carvana Auto Receivables Trust: |  |
| 39333 | &nbsp;&nbsp;&nbsp;Series 2023-P5, Class A2, 5.770% due 4/12/27<sup>(a)</sup> | 39360 |
| 89272 | &nbsp;&nbsp;&nbsp;Series 2024-N1, Class A2, 5.760% due 4/12/27<sup>(a)</sup> | 89351 |
| 300000 | &nbsp;&nbsp;&nbsp;Series 2024-P3, Class A4, 4.310% due 9/10/30 | 297920 |
| 4956 | Citizens Auto Receivables Trust, Series 2023-2, Class A2A, 6.090% due 10/15/26<sup>(a)</sup> | 4959 |
| 36239 | CPS Auto Receivables Trust, Series 2024-A, Class A, 5.710% due 9/15/27<sup>(a)</sup> | 36288 |
| 405697 | DT Auto Owner Trust, Series 2021-3A, Class D, 1.310% due 5/17/27<sup>(a)</sup> | 398646 |
| 399652 | GLS Auto Select Receivables Trust, Series 2024-3A, Class A2, 5.590% due 10/15/29<sup>(a)</sup> | 403742 |
|  | Lendbuzz Securitization Trust: |  |
| 216570 | &nbsp;&nbsp;&nbsp;Series 2023-2A, Class A2, 7.090% due 10/16/28<sup>(a)</sup> | 220021 |
| 356307 | &nbsp;&nbsp;&nbsp;Series 2024-2A, Class A2, 5.990% due 5/15/29<sup>(a)</sup> | 358885 |
| 445038 | Research-Driven Pagaya Motor Asset Trust, Series 2025-1A, Class A, 5.044% due 6/27/33<sup>(a)</sup> | 445112 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** |  |
| **Automobile ABS - (continued)** | **Automobile ABS - (continued)** |  |
| 250000 | Santander Drive Auto Receivables Trust, Series 2024-5, Class C, 4.780% due 1/15/31 | $249315 |
|  | Westlake Automobile Receivables Trust: |  |
| 60719 | &nbsp;&nbsp;&nbsp;Series 2023-4A, Class A2, 6.230% due 1/15/27<sup>(a)</sup> | 60838 |
| 157070 | &nbsp;&nbsp;&nbsp;Series 2024-1A, Class A2A, 5.620% due 3/15/27<sup>(a)</sup> | 157201 |
|  | Total Automobile ABS | 3005315 |
| **Commercial MBS - 0.9%** |  |  |
|  | ACREC Ltd.: |  |
| 86370 | &nbsp;&nbsp;&nbsp;Series 2021-FL1, Class A, 5.593% (1-Month TSFR + 1.264%) due 10/16/36<sup>(a)(b)</sup> | 86125 |
| 350000 | &nbsp;&nbsp;&nbsp;Series 2021-FL1, Class AS, 5.943% (1-Month TSFR + 1.614%) due 10/16/36<sup>(a)(b)</sup> | 348822 |
| 128638 | BDS Ltd., Series 2021-FL10, Class A, 5.791% (1-Month TSFR + 1.464%) due 12/16/36<sup>(a)(b)</sup> | 128651 |
| 153418 | BRSP Ltd., Series 2021-FL1, Class A, 5.591% (1-Month TSFR + 1.264%) due 8/19/38<sup>(a)(b)</sup> | 152734 |
| 4532 | BSPRT Issuer Ltd.: Series 2021-FL6, Class A, 5.543% (1-Month TSFR + 1.214%) due 3/15/36<sup>(a)(b)</sup> | 4531 |
| 131902 | &nbsp;&nbsp;&nbsp;Series 2021-FL7, Class A, 5.763% (1-Month TSFR + 1.434%) due 12/15/38<sup>(a)(b)</sup> | 131903 |
| 118973 | FS Rialto, Series 2021-FL3, Class A, 5.693% (1-Month TSFR + 1.364%) due 11/16/36<sup>(a)(b)</sup> | 118751 |
| 208192 | FS RIALTO, Series 2021-FL2, Class A, 5.663% (1-Month TSFR + 1.334%) due 5/16/38<sup>(a)(b)</sup> | 207535 |
| 200600 | GPMT Ltd., Series 2021-FL4, Class A, 5.792% (1-Month TSFR + 1.464%) due 12/15/36<sup>(a)(b)</sup> | 195662 |
| 306136 | Greystone CRE Notes Ltd., Series 2021-FL3, Class A, 5.463% (1-Month TSFR + 1.134%) due 7/15/39<sup>(a)(b)</sup> | 305960 |
| 28146 | HGI CRE CLO Ltd., Series 2021-FL1, Class A, 5.493% (1-Month TSFR + 1.164%) due 6/16/36<sup>(a)(b)</sup> | 28050 |
| 161231 | KREF Ltd., Series 2021-FL2, Class A, 5.513% (1-Month TSFR + 1.184%) due 2/15/39<sup>(a)(b)</sup> | 160734 |
| 23085 | LCCM Trust, Series 2021-FL3, Class A, 5.893% (1-Month TSFR + 1.564%) due 11/15/38<sup>(a)(b)</sup> | 22963 |
|  | LoanCore Issuer Ltd.: |  |
| 181554 | &nbsp;&nbsp;&nbsp;Series 2021-CRE5, Class A, 5.743% (1-Month TSFR + 1.414%) due 7/15/36<sup>(a)(b)</sup> | 181494 |
| 222813 | &nbsp;&nbsp;&nbsp;Series 2021-CRE6, Class A, 5.743% (1-Month TSFR + 1.414%) due 11/15/38<sup>(a)(b)</sup> | 222471 |
|  | MF1 Ltd.: |  |
| 40004 | &nbsp;&nbsp;&nbsp;Series 2021-FL6, Class A, 5.543% (1-Month TSFR + 1.214%) due 7/16/36<sup>(a)(b)</sup> | 39932 |
| 72862 | &nbsp;&nbsp;&nbsp;Series 2022-FL8, Class A, 5.674% (1-Month TSFR + 1.350%) due 2/19/37<sup>(a)(b)</sup> | 72808 |
| 110793 | STWD Ltd., Series 2021-FL2, Class A, 5.643% (1-Month TSFR + 1.314%) due 4/18/38<sup>(a)(b)</sup> | 109805 |
| 88708 | TRTX Issuer Ltd., Series 2021-FL4, Class A, 5.643% (1-Month TSFR + 1.314%) due 3/15/38<sup>(a)(b)</sup> | 88369 |
|  | Total Commercial MBS | 2607300 |
| **Other ABS - 8.1%** |  |  |
|  | ACHV ABS Trust: |  |
| 62557 | &nbsp;&nbsp;&nbsp;Series 2023-3PL, Class C, 7.350% due 8/19/30<sup>(a)</sup> | 62676 |
| 167794 | &nbsp;&nbsp;&nbsp;Series 2023-4CP, Class C, 7.710% due 11/25/30<sup>(a)</sup> | 168036 |
| 275000 | Affirm Asset Securitization Trust: Series 2024-A, Class A, 5.610% due 2/15/29<sup>(a)</sup> | 275917 |
| 300000 | &nbsp;&nbsp;&nbsp;Series 2025-X1, Class A, 5.080% due 4/15/30<sup>(a)</sup> | 299942 |
| 86417 | APL Finance DAC, Series 2023-1A, Class A, 7.000% due 7/21/31<sup>(a)</sup> | 87206 |
| 13652 | Aqua Finance Trust, Series 2020-AA, Class A, 1.900% due 7/17/46<sup>(a)</sup> | 12719 |
| 500000 | Avant Loans Funding Trust, Series 2024-REV1, Class A, 5.920% due 10/15/33<sup>(a)</sup> | 503446 |
| 500000 | Bain Capital Credit CLO Ltd., Series 2022-6A, Class A1R, 5.642% (3-Month TSFR + 1.370%) due 1/22/38<sup>(a)(b)</sup> | 501067 |
| 300833 | CAL Funding IV Ltd., Series 2020-1A, Class A, 2.220% due 9/25/45<sup>(a)</sup> | 281674 |
| 1000000 | Carlyle US CLO Ltd., Series 2019-4A, Class A11R, 5.576% (3-Month TSFR + 1.320%) due 4/15/35<sup>(a)(b)</sup> | 999339 |
| 500000 | CarVal CLO IX-C Ltd., Series 2024-1A, Class A, 5.949% (3-Month TSFR + 1.680%) due 4/20/37<sup>(a)(b)</sup> | 502532 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** | |
| **Other ABS - (continued)** | **Other ABS - (continued)** | |
|  | DataBank Issuer: |  |
| 500000 | Series 2021-1A, Class A2, 2.060% due 2/27/51<sup>(a)</sup> | $487330 |
| 500000 | Series 2023-1A, Class A2, 5.116% due 2/25/53<sup>(a)</sup> | 493891 |
| 470000 | Domino's Pizza Master Issuer LLC, Series 2017-1A, Class A23, 4.118% due 7/25/47<sup>(a)</sup> | 461567 |
| 500000 | Franklin Park Place CLO I LLC, Series 2022-1A, Class AR, 5.492% (3-Month TSFR + 1.250%) due 4/14/38<sup>(a)(b)(c)</sup> | 499976 |
| 66060 | Galaxy XXVII CLO Ltd., Series 2018-27A, Class A, 5.607% (3-Month TSFR + 1.282%) due 5/16/31<sup>(a)(b)</sup> | 66147 |
| 354378 | Greywolf CLO VII Ltd., Series 2018-2A, Class A1, 5.709% (3-Month TSFR + 1.440%) due 10/20/31<sup>(a)(b)</sup> | 354686 |
| 500000 | Halseypoint CLO 5 Ltd., Series 2021-5A, Class A1A, 5.751% (3-Month TSFR + 1.472%) due 1/30/35<sup>(a)(b)</sup> | 500314 |
| 97183 | Hilton Grand Vacations Trust, Series 2020-AA, Class A, 2.740% due 2/25/39<sup>(a)</sup> | 94404 |
| 1939100 | HTS Fund I LLC, Series 2021-1, Class A, 1.411% due 8/25/36<sup>(a)</sup> | 1732387 |
| 1000000 | Katayma CLO I Ltd., Series 2023-1A, Class A1, 6.269% (3-Month TSFR + 2.000%) due 10/20/36<sup>(a)(b)</sup> | 1001856 |
| 1000000 | Katayma CLO II Ltd., Series 2024-2A, Class A1, 5.919% (3-Month TSFR + 1.650%) due 4/20/37<sup>(a)(b)</sup> | 1003292 |
| 1000000 | Madison Park Funding LXIII Ltd., Series 2023-63A, Class A1R, 0.000% (3-Month TSFR + 1.400%) due 7/21/38<sup>(a)(b)(c)</sup> | 1000549 |
| 1000000 | Marble Point CLO XXI Ltd., Series 2021-3A, Class A1, 5.781% (3-Month TSFR + 1.502%) due 10/17/34<sup>(a)(b)</sup> | 1000957 |
| 250000 | Mariner Finance Issuance Trust, Series 2025-AA, Class A, 4.980% due 5/20/38<sup>(a)</sup> | 251094 |
| 124966 | Marlette Funding Trust, Series 2024-1A, Class A, 5.950% due 7/17/34<sup>(a)</sup> | 125164 |
| 355865 | Ocean Trails CLO V, Series 2014-5A, Class ARR, 5.783% (3-Month TSFR + 1.542%) due 10/13/31<sup>(a)(b)</sup> | 356325 |
| 23941 | OCP CLO Ltd., Series 2014-5A, Class A1R, 5.624% (3-Month TSFR + 1.342%) due 4/26/31<sup>(a)(b)</sup> | 23957 |
|  | Pagaya AI Debt Grantor Trust: |  |
| 250000 | &nbsp;&nbsp;&nbsp;Series 2025-2, Class B, 5.329% due 10/15/32<sup>(a)</sup> | 247923 |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2025-3, Class A2, 5.365% due 12/15/32<sup>(a)</sup> | 499718 |
| 2010 | Pagaya AI Debt Trust, Series 2023-3, Class A, 7.600% due 12/16/30<sup>(a)</sup> | 2012 |
| 124842 | Prosper Marketplace Issuance Trust, Series 2024-1A, Class A, 6.120% due 8/15/29<sup>(a)</sup> | 125024 |
| 1000000 | Rockford Tower CLO Ltd., Series 2024-1A, Class A1, 5.879% (3-Month TSFR + 1.610%) due 4/20/37<sup>(a)(b)</sup> | 1003293 |
| 335187 | Slam Ltd., Series 2024-1A, Class A, 5.335% due 9/15/49<sup>(a)</sup> | 328493 |
| 425152 | SoFi Consumer Loan Program Trust, Series 2025-1, Class A, 4.800% due 2/27/34<sup>(a)</sup> | 425083 |
| 2000000 | Sound Point CLO Ltd., Series 2024-3A, Class A1, 5.922% (3-Month TSFR + 1.600%) due 2/20/37<sup>(a)(b)</sup> | 2003558 |
| 531100 | Sound Point CLO VI-R Ltd., Series 2014-2RA, Class A, 5.781% (3-Month TSFR + 1.512%) due 10/20/31<sup>(a)(b)</sup> | 531316 |
| 90924 | Sound Point CLO XVIII Ltd., Series 2017-4A, Class A1, 5.651% (3-Month TSFR + 1.382%) due 1/21/31<sup>(a)(b)</sup> | 90974 |
| 245759 | Steele Creek CLO Ltd., Series 2018-2A, Class A, 5.786% (3-Month TSFR + 1.462%) due 8/18/31<sup>(a)(b)</sup> | 245889 |
| 571204 | Tesla Sustainable Energy Trust, Series 2024-1A, Class A2, 5.080% due 6/21/50<sup>(a)</sup> | 571389 |
| 45936 | Theorem Funding Trust, Series 2023-1A, Class A, 7.580% due 4/15/29<sup>(a)</sup> | 46116 |
| 2000000 | THL Credit Wind River CLO Ltd., Series 2017-1A, Class ARR, 5.591% (3-Month TSFR + 1.322%) due 4/18/36<sup>(a)(b)</sup> | 2002849 |
| 195371 | Upstart Securitization Trust, Series 2024-1, Class A, 5.330% due 11/20/34<sup>(a)</sup> | 195532 |
| 205000 | Vantage Data Centers Issuer LLC, Series 2021-1A, Class A2, 2.165% due 10/15/46<sup>(a)</sup> | 196619 |
| 51302 | Vibrant CLO VIII Ltd., Series 2018-8A, Class A1A, 5.671% (3-Month TSFR + 1.402%) due 1/20/31<sup>(a)(b)</sup> | 51320 |
| 1000000 | Warwick Capital CLO 4 Ltd., Series 2024-4A, Class A1, 5.669% (3-Month TSFR + 1.400%) due 7/20/37<sup>(a)(b)</sup> | 1003288 |
| 1000000 | Wellfleet CLO Ltd., Series 2020-2A, Class AR, 5.738% (3-Month TSFR + 1.482%) due 7/15/34<sup>(a)(b)</sup> | 1000868 |
|  | Total Other ABS | 23719714 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** | |
| **Student Loan ABS - 0.1%** | **Student Loan ABS - 0.1%** | |
| 112069 | Commonbond Student Loan Trust, Series 2020-AGS, Class A, 1.980% due 8/25/50<sup>(a)</sup> | $99062 |
| 1889 | Laurel Road Prime Student Loan Trust, Series 2019-A, Class A1FX, 2.340% due 10/25/48<sup>(a)</sup> | 1879 |
|  | Navient Private Education Refi Loan Trust: |  |
| 43481 | &nbsp;&nbsp;&nbsp;Series 2020-GA, Class A, 1.170% due 9/16/69<sup>(a)</sup> | 40119 |
| 248744 | &nbsp;&nbsp;&nbsp;Series 2022-A, Class A, 2.230% due 7/15/70<sup>(a)</sup> | 222523 |
|  | Total Student Loan ABS | 363583 |
| **WL Collateral CMO - 0.3%** | **WL Collateral CMO - 0.3%** |  |
| 719193 | First Franklin Mortgage Loan Trust, Series 2003-FF2, Class M1, 6.239% (1-Month TSFR + 1.914%) due 7/25/33<sup>(b)</sup> | 710443 |
| 36505 | VOLT XCIV LLC, Series 2021-NPL3, Class A1, step bond to yield, 6.240% due 2/27/51<sup>(a)</sup> | 36472 |
| 89831 | VOLT XCIX LLC, Series 2021-NPL8, Class A1, step bond to yield, 6.116% due 4/25/51<sup>(a)</sup> | 89777 |
|  | Total WL Collateral CMO | 836692 |
|  | **TOTAL ASSET-BACKED SECURITIES**<br> (Cost - $30,410,512) | **30532604** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 9.4%** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 9.4%** |  |
| **U.S. GOVERNMENT OBLIGATIONS - 9.4%** | **U.S. GOVERNMENT OBLIGATIONS - 9.4%** |  |
|  | U.S. Treasury Notes: |  |
| 8500000 | &nbsp;&nbsp;&nbsp;0.375% due 1/31/26 | 8284263 |
| 1550000 | &nbsp;&nbsp;&nbsp;0.750% due 5/31/26 | 1498789 |
| 2450000 | &nbsp;&nbsp;&nbsp;0.625% due 7/31/26 | 2353914 |
| 5500000 | &nbsp;&nbsp;&nbsp;0.500% due 6/30/27 | 5130254 |
| 11300000 | &nbsp;&nbsp;&nbsp;0.750% due 1/31/28 | 10413656 |
|  | **TOTAL U.S. GOVERNMENT OBLIGATIONS** | **27680876** |
|  | **TOTAL U.S. GOVERNMENT AGENCIES & OBLIGATIONS**<br> (Cost - $27,762,707) | **27680876** |
| **SENIOR LOANS<sup>(b)</sup> - 3.7%** | **SENIOR LOANS<sup>(b)</sup> - 3.7%** |  |
| **United States - 3.7%** | **United States - 3.7%** |  |
| 1240000 | Bally's Corp., 0.000% due 10/2/28<sup>(h)</sup> | 1089824 |
| 1432196 | Cengage Learning Inc., 7.828% (1-Month USD-SOFR + 3.500)% due 3/24/31 | 1432840 |
| 1453330 | Dun & Bradstreet Corp., 6.575% (1-Month USD-SOFR + 2.250)% due 1/18/29 | 1452109 |
|  | K&N Parent Inc.: |  |
| 2873228 | &nbsp;&nbsp;&nbsp;12.441% (1-Month USD-SOFR + 8.000)% due 2/3/27<sup>(c)(d)</sup> | 2858862 |
| 3456363 | &nbsp;&nbsp;&nbsp;7.691% (1-Month USD-SOFR + 3.250)% due 8/16/27<sup>(d)</sup> | 2177509 |
| 1927170 | Magnite Inc., 7.327% (1-Month USD-SOFR + 3.000)% due 2/6/31 | 1917534 |
|  | Total United States | 10928678 |
|  | **TOTAL SENIOR LOANS**<br> (Cost - $13,934,749) | **10928678** |
| **MORTGAGE-BACKED SECURITIES - 0.8%** | **MORTGAGE-BACKED SECURITIES - 0.8%** |  |
| **FHLMC - 0.3%** | **FHLMC - 0.3%** |  |
|  | Freddie Mac Pool: |  |
| 422301 | &nbsp;&nbsp;&nbsp;5.500% due 2/1/55 | 420486 |
| 470227 | &nbsp;&nbsp;&nbsp;6.000% due 4/1/54 | 478324 |
|  | **TOTAL FHLMC** | **898810** |
| **FNMA - 0.5%** |  |  |
|  | Federal National Mortgage Association (FNMA) Pool: |  |
| 412112 | &nbsp;&nbsp;&nbsp;5.000% due 8/1/43 | 408099 |
| 422158 | &nbsp;&nbsp;&nbsp;5.500% due 2/1/55 | 420896 |
| 342284 | &nbsp;&nbsp;&nbsp;5.500% due 4/1/55 | 339288 |
| 313941 | &nbsp;&nbsp;&nbsp;6.000% due 10/1/53 | 319348 |
|  | **TOTAL FNMA** | **1487631** |
|  | **TOTAL MORTGAGE-BACKED SECURITIES**<br> (Cost - $2,384,321) | **2386441** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** | **Value** |
| **SOVEREIGN BOND - 0.1%** | **SOVEREIGN BOND - 0.1%** | | |
| **Guatemala - 0.1%** |  | | |
| 200000 | Guatemala Government Bond, 4.500% due 5/3/26 |  |  |
|  | (Cost - $197,336) | $| 197770 |
| **Shares/Units** |  |  |  |
| **EXCHANGE TRADED FUND (ETF) - 12.6%** | **EXCHANGE TRADED FUND (ETF) - 12.6%** |  |  |
| 765515 | iShares Core 1-5 Year USD Bond |  |  |
|  | (Cost - $35,184,527) |  | 37050926 |
| **COMMON STOCKS - 1.6% CONSUMER NON-CYCLICAL - 0.4%** | **COMMON STOCKS - 1.6% CONSUMER NON-CYCLICAL - 0.4%** |  |  |
| **Healthcare-Products - 0.4%** | **Healthcare-Products - 0.4%** |  |  |
| 833981 | Prosomnus Sleep Technologies Inc.<sup>\*@(c)(d)</sup> |  | 1004614 |
| **Healthcare-Services - 0.0%** | **Healthcare-Services - 0.0%** | **Healthcare-Services - 0.0%** |  |
| 161689 | UpHealth Inc.<sup>\*@(c)(d)</sup> |  | – |
| **Household Products/Wares - 0.0%** | **Household Products/Wares - 0.0%** |  |  |
| 157761 | Verano Holdings Corp.<sup>\*(c)</sup> |  | 73237 |
|  | **TOTAL CONSUMER NON-CYCLICAL** |  | **1077851** |
| **DIVERSIFIED - 1.1%** | **DIVERSIFIED - 1.1%** | **DIVERSIFIED - 1.1%** | **DIVERSIFIED - 1.1%** |
| **Holding Companies-Diversified - 1.1%** | **Holding Companies-Diversified - 1.1%** | **Holding Companies-Diversified - 1.1%** | **Holding Companies-Diversified - 1.1%** |
| 80000 | CO2 Energy Transition Corp.<sup>\*</sup> |  | 799200 |
| 9000 | Copley Acquisition Corp.<sup>\*</sup> |  | 90270 |
| 72169 | Dynamix Corp.<sup>\*(c)</sup> |  | 725298 |
| 82800 | Mercer Park Opportunities Corp.<sup>\*</sup> |  | 828000 |
| 39300 | Range Capital Acquisition Corp.<sup>\*</sup> |  | 399681 |
| 51284 | Translational Development Acquisition Corp.<sup>\*</sup> |  | 524123 |
|  | Total Holding Companies-Diversified |  | 3366572 |
|  | **TOTAL DIVERSIFIED** |  | **3366572** |
| **FINANCIAL - 0.1%** |  |  |  |
| **Financial Services - 0.1%** |  |  |  |
| 16305 | Alpha Partners Technology<sup>\*(c)(d)</sup> |  | 579 |
| 273338 | K&N Holdco LLC<sup>\*(c)(d)</sup> |  | 341672 |
|  | Total Financial Services |  | 342251 |
|  | **TOTAL FINANCIAL** |  | **342251** |
|  | **TOTAL COMMON STOCKS** |  |  |
|  | (Cost - $4,408,481) |  | **4786674** |
| **PREFERRED STOCKS - 0.9% FINANCIAL - 0.9%** | **PREFERRED STOCKS - 0.9% FINANCIAL - 0.9%** |  |  |
| **Diversified Financial Services - 0.5%** | **Diversified Financial Services - 0.5%** |  |  |
| 56213 | SWK Holdings Corp., 9.000% |  | 1437928 |
| **Equity Real Estate Investment Trusts (REITs) - 0.4%** | **Equity Real Estate Investment Trusts (REITs) - 0.4%** |  |  |
| 45017 | Gladstone Land Corp., 5.000% |  | 1113721 |
|  | **TOTAL FINANCIAL** |  | **2551649** |
|  | **TOTAL PREFERRED STOCKS** |  |  |
|  | (Cost - $2,469,592) |  | **2551649** |
| **RIGHT - 0.0%** |  |  |  |
| 80000 | CO2 Energy Transition Corp.<sup>\*(c)</sup> |  |  |
|  | (Cost - $12,636) |  | 12400 |
| **WARRANT - 0.0%** |  |  |  |
| **DIVERSIFIED - 0.0%** |  |  |  |
| **Holding Companies-Diversified - 0.0%** | **Holding Companies-Diversified - 0.0%** | **Holding Companies-Diversified - 0.0%** |  |
| 43327 | Leafly Holdings Inc.<sup>\*@</sup> <br> (Cost - $0) |  | 264 |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $278,384,791) |  | **267218024** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face Amount** | **Security** | **Value** |
| **SHORT-TERM INVESTMENTS - 10.9%** | **SHORT-TERM INVESTMENTS - 10.9%** | **SHORT-TERM INVESTMENTS - 10.9%** |
| **COMMERCIAL PAPERS - 5.6%** | **COMMERCIAL PAPERS - 5.6%** | **COMMERCIAL PAPERS - 5.6%** |
| $2432000 | Arrow Electronics Inc., 4.814% due 6/4/25<sup>(i)</sup> | $2430386 |
| 1843000 | Bacardi-Martini BV, 4.978% due 6/18/25<sup>(i)</sup> | 1838296 |
| 2660000 | Crown Castle Inc., 5.043% due 6/10/25<sup>(i)</sup> | 2655988 |
| 1532000 | FMC Corp., 5.273% due 6/20/25<sup>(i)</sup> | 1527315 |
| 2304000 | Genuine Parts Co., 4.717% due 6/3/25<sup>(i)</sup> | 2302824 |
| 2959000 | TELUS Corp., 5.074% due 8/11/25<sup>(i)</sup> | 2931433 |
|  | Whirlpool Corp.: |  |
| 1957000 | 5.577% due 6/2/25<sup>(i)</sup> | 1956177 |
| 997000 | 5.627% due 6/6/25<sup>(i)</sup> | 996019 |
|  | **TOTAL COMMERCIAL PAPERS** |  |
|  | (Cost - $16,642,560) | **16638438** |
| **CORPORATE NOTE - 0.1%** | **CORPORATE NOTE - 0.1%** |  |
| 1468461 | Tacora Resources Inc., 13.000% due 11/3/23<sup>(a)(c)(d)</sup> |  |
|  | (Cost - $1,468,631) | 293692 |
| **TIME DEPOSITS - 4.9%** | **TIME DEPOSITS - 4.9%** |  |
| 3136965 | Citibank - New York, 3.680% due 6/2/25 | 3136965 |
| 11172254 | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 11172254 |
|  | **TOTAL TIME DEPOSITS** |  |
|  | (Cost - $14,309,219) | **14309219** |
| **U.S. GOVERNMENT OBLIGATION - 0.3%** | **U.S. GOVERNMENT OBLIGATION - 0.3%** | **U.S. GOVERNMENT OBLIGATION - 0.3%** |
| 1000000 | U.S. Treasury Bill, 4.225% due 7/31/25<sup>(i)</sup> |  |
|  | (Cost - $993,172) | 993072 |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost - $33,413,582) | **32234421** |
|  | **TOTAL INVESTMENTS - 101.6%** |  |
|  | (Cost - $311,798,373) | **299452445** |
|  | Liabilities in Excess of Other Assets - (1.6)% | (4677533) |
|  | **TOTAL NET ASSETS - 100.0%** | $**294774912** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (continued)**

---

| | |
|:---|:---|
| † | Face amount denominated in U.S. dollars, unless otherwise noted. |
| \* | Non-income producing security. |
| (a) | Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025, amounts to $95,517,059 and represents 32.40% of net assets. |
| (b) | Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2025. |
| (c) | Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $18,640,871 and represents 6.32% of net assets. |
| (d) | Security is valued in good faith at fair value by or under the direction of the Board of Trustees using significant unobservable inputs. |
| (e) | Security is perpetual in nature and has no stated maturity date. |
| (f) | Security is currently in default. |
| (g) | Interest only security. |
| (h) | This position represents an unsettled loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate. |
| (i) | Rate shown represents yield-to-maturity. |
| @ | Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers. |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security** | **First<br> Acquisition <br> Date** | **First<br> Acquisition <br> Cost** | **Market<br> Value** | **Percent of <br> Net Assets** |  |
| Leafly Holdings Inc. | 2/7/2022 | $- | $264 | 0.00 | %\* |
| Leafly Holdings Inc., Senior Unsecured Notes, |  |  |  |  |  |
| 8.000% due 7/1/25 | 2/4/2022 | 849700 | 6320600 | 2.14 | % |
| ProSomnus Inc., Senior Secured Notes, 8.000% |  |  |  |  |  |
| due 12/31/26 | 8/6/2024 | 4810432 | 4477353 | 1.52 | % |
| Prosomnus Sleep Technologies Inc. | 8/6/2024 | 728853 | 1004614 | 0.34 | % |
| UpHealth Inc. | 11/22/2023 | 85141 | - | 0.00 | % |
|  |  |  | $**11802831** | **4.00** | **%** |

---

Abbreviations used in this schedule:

---

| | | |
|:---|:---|:---|
| CLO | **—** | **Collateralized Loan Obligation** |
| CMT | **—** | **Constant Maturity Treasury Index** |
| **EURIBOR** | **—** | Euro Interbank Offered Rate |
| LLC | **—** | **Limited Liability Company** |
| LP | **—** | **Limited Partnership** |
| MFA | **—** | **Mortgage Finance Authority** |
| PLC | **—** | Public Limited Company |
| **REMICS** |  | Real Estate Mortgage Investment Conduit |
| SARL | **—** | Société à Responsabilité Limitée |
| SOFR | **—** | Secured Overnight Financing Rate |
| STIBOR | **—** | **Stockholm Interbank Offered Rate** |
| TSFR | **—** | CME Term SOFR Reference Rate |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Low Duration Fixed Income Fund (concluded)**

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
| Corporate Bonds & Notes | 37.2% |
| Collateralized Mortgage Obligations | 13.2 |
| Exchange Traded Fund (ETF) | 12.4 |
| Asset-Backed Securities | 10.2 |
| U.S. Government Agencies & Obligations | 9.2 |
| Senior Loans | 3.6 |
| Common Stocks | 1.6 |
| Preferred Stocks | 0.9 |
| Mortgage-Backed Securities | 0.8 |
| Sovereign Bonds | 0.1 |
| Right | 0.0 \* |
| Warrant | 0.0 \* |
| Short-Term Investments | 10.8 |
|  | 100.0% |

---

^ As a percentage of total investments.

\* Position represents less than 0.05%.

At May 31, 2025, Destinations Low Duration Fixed Income Fund had open forward foreign currency contracts as described below.

The unrealized (depreciation) on the open contracts was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local<br> Currency** | **Market<br> Value** | **Settlement**<br> **Date** | **Unrealized<br> Appreciation** | **Unrealized<br> (Depreciation)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Contracts to Sell:** |  |  |  |  |  |  |
| Euro | 5500000 BBH | $6262646 | 7/15/25 | $– | $(117331) | $(117331) |
| Swedish Krona | 51050000 BBH | 5339165 | 7/15/25 | – | (96229) | (96229) |
| Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $(213560) | $(213560) |

---

---

| | | |
|:---|:---|:---|
| <u>Counterparty Abbreviations used in this schedule:</u> | <u>Counterparty Abbreviations used in this schedule:</u> | <u>Counterparty Abbreviations used in this schedule:</u> |
| BBH | **—** | Brown Brothers Harriman & Co. |

---

---

| | | |
|:---|:---|:---|
| Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: |
| EUR | **—** | **Euro** |
| SEK | **—** | **Swedish Krona** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** | **Value** |
| **CORPORATE BONDS & NOTES - 75.0%** | **CORPORATE BONDS & NOTES - 75.0%** | **CORPORATE BONDS & NOTES - 75.0%** |  |  |
| **Austria - 0.5%** | **Austria - 0.5%** | **Austria - 0.5%** |  |  |
| 3000000 | <sup>EUR</sup> | Lenzing AG, Junior Subordinated Notes, 5.750% (5-Year EUR Swap Rate + 11.208%)<sup>(a)(b)</sup> | $| 3382498 |
| **Bermuda - 0.4%** | **Bermuda - 0.4%** | **Bermuda - 0.4%** | **Bermuda - 0.4%** | **Bermuda - 0.4%** |
| 125000 | <sup>EUR</sup> | Aegon Ltd., Subordinated Notes, 0.496% (10-Year Netherlands Government Bond Yield + 0.850%)<sup>(a)(b)(c)</sup> |  | 106166 |
|  |  | Digicel Group Holdings Ltd., Senior Secured Notes: |  |  |
| 61871 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;zero coupon, due 12/31/30<sup>(c)(d)</sup> |  | 381 |
| 193149 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;zero coupon, due 12/31/30<sup>(d)</sup> |  | 8346 |
| 200000 |  | Geopark Ltd., Company Guaranteed Notes, 8.750% due 1/31/30<sup>(d)</sup> |  | 158720 |
| 584000 |  | Lancashire Holdings Ltd., Junior Subordinated Notes, 5.625% (5-Year CMT Index + 5.080%) due 9/18/41<sup>(a)</sup> |  | 547218 |
| 875000 |  | SP Cruises Intermediate Ltd., Senior Secured Notes, 11.500% due 3/14/30<sup>(d)</sup> |  | 818655 |
| 1150000 |  | Viking Cruises Ltd., Company Guaranteed Notes, 9.125% due 7/15/31<sup>(d)</sup> |  | 1234725 |
|  |  | Total Bermuda |  | 2874211 |
| **Brazil - 1.1%** | **Brazil - 1.1%** | **Brazil - 1.1%** | **Brazil - 1.1%** | **Brazil - 1.1%** |
| 4000000 |  | Banco do Brasil SA, Junior Subordinated Notes, 8.748% (5-Year CMT Index + 4.398%)<sup>(a)(b)</sup> |  | 4019884 |
| 400000 |  | Itau Unibanco Holding SA, Subordinated Notes, 3.875% (5-Year CMT Index + 3.446%) due 4/15/31<sup>(a)</sup> |  | 395648 |
| 3238734 |  | Prumo Participacoes e Investimentos S/A, Senior Secured Notes, 7.500% due 12/31/31 |  | 3281054 |
|  |  | Total Brazil |  | 7696586 |
| **British Virgin Islands - 0.2%** | **British Virgin Islands - 0.2%** | **British Virgin Islands - 0.2%** | **British Virgin Islands - 0.2%** | **British Virgin Islands - 0.2%** |
| 1400000 |  | Gold Fields Orogen Holdings BVI Ltd., Company Guaranteed Notes, 6.125% due 5/15/29 |  | 1437657 |
| **Canada - 3.1%** | **Canada - 3.1%** | **Canada - 3.1%** | **Canada - 3.1%** | **Canada - 3.1%** |
| 350000 |  | AltaGas Ltd., Junior Subordinated Notes, 7.200% (5-Year CMT Index + 3.573%) due 10/15/54<sup>(a)(d)</sup> |  | 342313 |
| 2100000 |  | Aris Mining Corp., Company Guaranteed Notes, 8.000% due 10/31/29<sup>(d)</sup> |  | 2132050 |
| 1693000 |  | Brookfield Residential Properties Inc./Brookfield Residential US LLC, Company Guaranteed Notes, 4.875% due 2/15/30<sup>(d)</sup> |  | 1472910 |
| 3800000 |  | Canacol Energy Ltd., Company Guaranteed Notes, 5.750% due 11/24/28 |  | 1672000 |
| 10024000 |  | Cannabist Co. Holdings Inc., Senior Secured Notes, 9.500% due 2/3/26 |  | 6667147 |
| 764000 |  | Enerflex Ltd., Senior Secured Notes, 9.000% due 10/15/27<sup>(d)</sup> |  | 784960 |
| 50000 |  | Methanex Corp., Senior Unsecured Notes, 5.125% due 10/15/27<sup>(d)</sup> |  | 49575 |
| 2500000 |  | Polaris Renewable Energy Inc., Senior Secured Notes, 9.500% due 12/3/29 |  | 2561250 |
| 858000 |  | Superior Plus LP/Superior General Partner Inc., Company Guaranteed Notes, 4.500% due 3/15/29<sup>(d)</sup> |  | 815674 |
| 629000 |  | Taseko Mines Ltd., Senior Secured Notes, 8.250% due 5/1/30<sup>(d)</sup> |  | 646253 |
| 3595000 |  | Trulieve Cannabis Corp., Senior Secured Notes, 8.000% due 10/6/26 |  | 3523100 |
|  |  | Total Canada |  | 20667232 |
| **Cayman Islands - 2.2%** | **Cayman Islands - 2.2%** | **Cayman Islands - 2.2%** | **Cayman Islands - 2.2%** | **Cayman Islands - 2.2%** |
| 5265388 |  | Bioceanico Sovereign Certificate Ltd., Senior Secured Notes, zero coupon, due 6/5/34 |  | 4144387 |
| 848000 |  | C&W Senior Finance Ltd., Company Guaranteed Notes, 9.000% due 1/15/33<sup>(d)</sup> |  | 841365 |
| 1900000 |  | Cosan Overseas Ltd., Company Guaranteed Notes, 8.250%<sup>(b)</sup> |  | 1895250 |
| 200000 |  | Energuate Trust, Company Guaranteed Notes, 5.875% due 5/3/27 |  | 197750 |
| 19023 |  | Interoceanica IV Finance Ltd., Senior Secured Notes, zero coupon, due 11/30/25 |  | 18428 |
| 3181276 |  | Lima Metro Line 2 Finance Ltd., Senior Secured Notes, 5.875% due 7/5/34 |  | 3197151 |
| 2014800 |  | Rutas 2& 7 Finance Ltd., Senior Secured Notes, zero coupon, due 9/30/36 |  | 1415397 |
| 2507000 |  | Sable International Finance Ltd., Senior Secured Notes, 7.125% due 10/15/32<sup>(d)</sup> |  | 2460263 |
| 400000 |  | Seagate HDD Cayman, Company Guaranteed Notes, 9.625% due 12/1/32<sup>(d)</sup> |  | 454010 |
|  |  | Total Cayman Islands |  | 14624001 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **Chile - 1.8%** | **Chile - 1.8%** | **Chile - 1.8%** | **Chile - 1.8%** |
| 5000000 |  | CAP SA, Senior Unsecured Notes, 3.900% due 4/27/31 | $4010327 |
| 400000 |  | Cencosud SA, Company Guaranteed Notes, 4.375% due 7/17/27 | 394052 |
| 3312172 |  | Chile Electricity PEC SpA, Senior Secured Notes, zero coupon, due 1/25/28<sup>(d)</sup> | 2888214 |
| 1300000 |  | Corp. Nacional del Cobre de Chile, Senior Unsecured Notes, 5.125% due 2/2/33 | 1243991 |
| 243250 |  | Empresa Electrica Angamos SA, Senior Secured Notes, 4.875% due 5/25/29 | 218320 |
| 1055020 |  | Empresa Electrica Cochrane SpA, Senior Secured Notes, 5.500% due 5/14/27 | 1038433 |
| 1959520 |  | GNL Quintero SA, Senior Unsecured Notes, 4.634% due 7/31/29 | 1941184 |
| 300000 |  | Sociedad de Transmision Austral SA, Senior Unsecured Notes, 4.000% due 1/27/32 | 274327 |
|  |  | Total Chile | 12008848 |
| **Colombia - 0.5%** | **Colombia - 0.5%** | **Colombia - 0.5%** | **Colombia - 0.5%** |
| 600000 |  | Bancolombia SA, Subordinated Notes, 8.625% (5-Year CMT Index + 4.320%) due 12/24/34<sup>(a)</sup> | 629080 |
| 643600 |  | Fideicomiso PA Pacifico Tres, Senior Secured Notes, 8.250% due 1/15/35 | 645209 |
| 2090000 |  | Grupo Nutresa SA, Company Guaranteed Notes, 8.000% due 5/12/30<sup>(d)</sup> | 2150466 |
|  |  | Total Colombia | 3424755 |
| **Czech Republic - 0.3%** | **Czech Republic - 0.3%** | **Czech Republic - 0.3%** | **Czech Republic - 0.3%** |
|  |  | Energo-Pro AS, Company Guaranteed Notes: |  |
| 800000 |  | &nbsp;&nbsp;&nbsp;11.000% due 11/2/28 | 847761 |
| 1039000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;8.000% due 5/27/30<sup>(d)</sup> | 1199591 |
|  |  | Total Czech Republic | 2047352 |
| **France - 0.4%** | **France - 0.4%** | **France - 0.4%** | **France - 0.4%** |
| 500000 | <sup>EUR</sup> | Altice France SA, Senior Secured Notes, 4.000% due 7/15/29 | 482587 |
| 201000 | <sup>EUR</sup> | Emeria SASU, Senior Secured Notes, 7.750% due 3/31/28 | 212875 |
| 200000 |  | Iliad Holding SASU, Senior Secured Notes, 8.500% due 4/15/31<sup>(d)</sup> | 211070 |
|  |  | Viridien, Senior Secured Notes: |  |
| 1491000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;8.500% due 10/15/30<sup>(d)</sup> | 1617297 |
| 426000 |  | &nbsp;&nbsp;&nbsp;10.000% due 10/15/30<sup>(d)</sup> | 402004 |
|  |  | Total France | 2925833 |
| **Germany - 2.7%** | **Germany - 2.7%** | **Germany - 2.7%** | **Germany - 2.7%** |
| 1600000 |  | Aareal Bank AG, Junior Subordinated Notes, 9.875% (5-Year CMT Index + 5.068%)<sup>(a)(b)</sup> | 1618000 |
| 1600000 |  | Cerdia Finanz GmbH, Senior Secured Notes, 9.375% due 10/3/31<sup>(d)</sup> | 1644038 |
| 3315000 | <sup>EUR</sup> | Cheplapharm Arzneimittel GmbH, Senior Secured Notes, 7.500% due 5/15/30 | 3801824 |
| 200000 |  | IHO Verwaltungs GmbH, Senior Secured Notes, 8.000% due 11/15/32<sup>(d)(e)</sup> | 200265 |
| 1000000 | <sup>EUR</sup> | Kolibri Beteiligungsgesellschaft mbH & Co. KGaA, Senior Secured Notes, 9.124% (3-Month EURIBOR + 7.000%) due 2/13/29<sup>(a)(d)</sup> | 1152532 |
| 1305000 | <sup>EUR</sup> | LifeFit Group MidCo GmbH, Senior Secured Notes, 9.021% (3-Month EURIBOR + 7.000%) due 8/29/29<sup>(a)</sup> | 1519583 |
| 4914000 | <sup>EUR</sup> | Platform Group AG, Company Guaranteed Notes, 8.875% due 7/11/28 | 5791420 |
| 1487000 | <sup>EUR</sup> | Secop Group Holding GmbH, Senior Secured Notes, 10.755% (3-Month EURIBOR + 8.400%) due 12/29/26<sup>(a)</sup> | 1718049 |
| 443000 | <sup>EUR</sup> | smava GmbH, Senior Secured Notes, 9.060% (3-Month EURIBOR + 7.000%) due 5/22/29<sup>(a)</sup> | 508057 |
|  |  | Total Germany | 17953768 |
| **Gibraltar - 0.4%** | **Gibraltar - 0.4%** | **Gibraltar - 0.4%** | **Gibraltar - 0.4%** |
|  |  | 888 Acquisitions Ltd., Senior Secured Notes: |  |
| 300000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;7.779% (3-Month EURIBOR + 5.500%) due 7/15/28<sup>(a)</sup> | 337669 |
| 1600000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;10.750% due 5/15/30 | 2177479 |
|  |  | Total Gibraltar | 2515148 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **Guatemala - 0.3%** | **Guatemala - 0.3%** | **Guatemala - 0.3%** | **Guatemala - 0.3%** |
| 2267000 |  | Banco Industrial SA, Subordinated Notes, 4.875% (5-Year CMT Index + 4.442%) due 1/29/31<sup>(a)</sup> | $2221660 |
| **India - 2.1%** | **India - 2.1%** | **India - 2.1%** | **India - 2.1%** |
|  |  | Adani Electricity Mumbai Ltd., Senior Secured Notes: |  |
| 2703000 |  | &nbsp;&nbsp;&nbsp;3.949% due 2/12/30 | 2380853 |
| 600000 |  | &nbsp;&nbsp;&nbsp;3.867% due 7/22/31 | 506790 |
| 1880000 |  | Adani International Container Terminal Pvt Ltd., Senior Secured Notes, 3.000% due 2/16/31 | 1645683 |
|  |  | Adani Ports & Special Economic Zone Ltd., Senior Unsecured Notes: |  |
| 2100000 |  | &nbsp;&nbsp;&nbsp;4.000% due 7/30/27 | 2012576 |
| 400000 |  | &nbsp;&nbsp;&nbsp;4.375% due 7/3/29 | 372051 |
| 200000 |  | &nbsp;&nbsp;&nbsp;3.100% due 2/2/31 | 168288 |
| 751500 |  | Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd./Wardha Solar Maharash, Senior Secured Notes, 4.625% due 10/15/39 | 599424 |
|  |  | Adani Transmission Step-One Ltd., Senior Secured Notes: |  |
| 1000000 |  | &nbsp;&nbsp;&nbsp;4.000% due 8/3/26 | 978966 |
| 1807000 |  | &nbsp;&nbsp;&nbsp;4.250% due 5/21/36 | 1523338 |
| 2769000 |  | JSW Hydro Energy Ltd., Senior Secured Notes, 4.125% due 5/18/31 | 2492091 |
| 900000 |  | JSW Infrastructure Ltd., Senior Secured Notes, 4.950% due 1/21/29 | 868277 |
| 750000 |  | Reliance Industries Ltd., Senior Unsecured Notes, 3.667% due 11/30/27 | 732784 |
|  |  | Total India | 14281121 |
| **Indonesia - 0.2%** | **Indonesia - 0.2%** | **Indonesia - 0.2%** | **Indonesia - 0.2%** |
| 500000 |  | Pertamina Persero PT, Senior Unsecured Notes, 1.400% due 2/9/26 | 487643 |
| 700000 |  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, Senior Unsecured Notes, 4.125% due 5/15/27 | 690871 |
|  |  | Total Indonesia | 1178514 |
| **Ireland - 0.7%** | **Ireland - 0.7%** | **Ireland - 0.7%** | **Ireland - 0.7%** |
|  |  | Flutter Treasury DAC, Senior Secured Notes: |  |
| 1528000 |  | &nbsp;&nbsp;&nbsp;5.875% due 6/4/31<sup>(d)</sup> | 1535640 |
| 1020000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;6.125% due 6/4/31 | 1382422 |
| 2125000 |  | Priority 1 Issuer Logistics DAC, Senior Secured Notes, 12.625% due 11/19/27 | 2050695 |
|  |  | Total Ireland | 4968757 |
| **Isle of Man - 0.4%** | **Isle of Man - 0.4%** | **Isle of Man - 0.4%** | **Isle of Man - 0.4%** |
| 2500000 |  | AngloGold Ashanti Holdings PLC, Company Guaranteed Notes, 3.375% due 11/1/28 | 2364007 |
| **Italy - 0.7%** | **Italy - 0.7%** | **Italy - 0.7%** | **Italy - 0.7%** |
| 1590000 | <sup>EUR</sup> | Almaviva-The Italian Innovation Co. SpA, Senior Secured Notes, 5.000% due 10/30/30 | 1852973 |
| 1600000 | <sup>EUR</sup> | EVOCA SpA, Senior Secured Notes, 7.612% (3-Month EURIBOR + 5.250%) due 4/9/29<sup>(a)</sup> | 1784552 |
| 900000 | <sup>EUR</sup> | Fiber Midco SpA, Senior Unsecured Notes, 10.750% due 6/15/29<sup>(e)</sup> | 968382 |
| 400000 |  | Intesa Sanpaolo SpA, Subordinated Notes, 4.198% (1-Year CMT Index + 2.600%) due 6/1/32<sup>(a)(d)</sup> | 360389 |
|  |  | Total Italy | 4966296 |
| **Japan - 0.4%** | **Japan - 0.4%** | **Japan - 0.4%** | **Japan - 0.4%** |
| 702000 |  | Nippon Life Insurance Co., Subordinated Notes, 6.500% (5-Year CMT Index + 3.189%) due 4/30/55<sup>(a)(d)</sup> | 712449 |
|  |  | Rakuten Group Inc., Senior Unsecured Notes: |  |
| 1150000 |  | &nbsp;&nbsp;&nbsp;11.250% due 2/15/27<sup>(d)</sup> | 1239992 |
| 650000 |  | &nbsp;&nbsp;&nbsp;9.750% due 4/15/29<sup>(d)</sup> | 695929 |
|  |  | Total Japan | 2648370 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **Jersey, Channel Islands - 0.4%** | **Jersey, Channel Islands - 0.4%** | **Jersey, Channel Islands - 0.4%** | **Jersey, Channel Islands - 0.4%** |
| 700000 |  | Aptiv Swiss Holdings Ltd., Company Guaranteed Notes, 6.875% (5-Year CMT Index + 3.385%) due 12/15/54<sup>(a)(d)</sup> | $685595 |
| 1059888 |  | Galaxy Pipeline Assets Bidco Ltd., Senior Secured Notes, 2.940% due 9/30/40 | 851158 |
| 1108000 | <sup>GBP</sup> | Wheel Bidco Ltd., Senior Secured Notes, 9.875% due 9/15/29 | 1379508 |
|  |  | Total Jersey, Channel Islands | 2916261 |
| **Liberia - 0.0%** | **Liberia - 0.0%** | **Liberia - 0.0%** | **Liberia - 0.0%** |
| 50000 |  | Royal Caribbean Cruises Ltd., Senior Unsecured Notes, 5.500% due 8/31/26<sup>(d)</sup> | 50007 |
| **Luxembourg - 5.8%** | **Luxembourg - 5.8%** | **Luxembourg - 5.8%** | **Luxembourg - 5.8%** |
| 1430097 |  | Acu Petroleo Luxembourg SARL, Senior Secured Notes, 7.500% due 1/13/32 | 1438141 |
| 950000 | <sup>EUR</sup> | Advanzia Bank SA, Subordinated Notes, 8.789% (3-Month EURIBOR + 6.750%) due 2/28/34<sup>(a)</sup> | 1143451 |
| 3151000 |  | Auna SA, Senior Secured Notes, 10.000% due 12/18/29 | 3362779 |
| 1000000 |  | Chile Electricity Lux Mpc II SARL, Government Guaranteed Notes, 5.672% due 10/20/35<sup>(d)</sup> | 996650 |
| 297600 |  | Chile Electricity Lux MPC SARL, Government Guaranteed Notes, 6.010% due 1/20/33 | 305412 |
| 711000 | <sup>EUR</sup> | ContourGlobal Power Holdings SA, Senior Secured Notes, 5.000% due 2/28/30<sup>(d)</sup> | 813178 |
| 3000000 |  | CSN Resources SA, Company Guaranteed Notes, 5.875% due 4/8/32 | 2465714 |
| 1230000 | <sup>EUR</sup> | Cullinan Holdco Scsp, Senior Secured Notes, 4.625% due 10/15/26 | 1191076 |
| 1637000 | <sup>EUR</sup> | Flamingo Lux II SCA, Senior Unsecured Notes, 5.000% due 3/31/29 | 1131085 |
| 2359000 | <sup>EUR</sup> | GTC Aurora Luxembourg SA, Company Guaranteed Notes, 2.250% due 6/23/26 | 2468371 |
| 1597300 |  | Guara Norte SARL, Senior Secured Notes, 5.198% due 6/15/34 | 1494779 |
| 114000 | <sup>EUR</sup> | Herens Midco SARL, Company Guaranteed Notes, 5.250% due 5/15/29 | 97797 |
| 2000000 |  | Intelsat Jackson Holdings SA, Senior Secured Notes, 6.500% due 3/15/30<sup>(d)</sup> | 1966777 |
|  |  | Mangrove Luxco III SARL, Senior Secured Notes: |  |
| 5237000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;7.279% (3-Month EURIBOR + 5.000%) due 7/15/29<sup>(a)(d)</sup> | 6009613 |
| 1998000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;7.279% (3-Month EURIBOR + 5.000%) due 7/15/29<sup>(a)</sup> | 2292764 |
|  |  | Millicom International Cellular SA, Senior Unsecured Notes: |  |
| 1350000 |  | &nbsp;&nbsp;&nbsp;5.125% due 1/15/28 | 1326137 |
| 270000 |  | &nbsp;&nbsp;&nbsp;6.250% due 3/25/29 | 269260 |
|  |  | Movida Europe SA, Company Guaranteed Notes: |  |
| 1400000 |  | &nbsp;&nbsp;&nbsp;7.850% due 4/11/29 | 1247380 |
| 200000 |  | &nbsp;&nbsp;&nbsp;7.850% due 4/11/29<sup>(d)</sup> | 178197 |
| 1500000 | <sup>EUR</sup> | Odyssey Europe Holdco SARL, Senior Secured Notes, 10.000% due 12/31/25<sup>(e)</sup> | 1656411 |
| 1438000 |  | OHI Group SA, Senior Secured Notes, 13.000% due 7/22/29 | 1453530 |
| 500000 |  | Raizen Fuels Finance SA, Company Guaranteed Notes, 5.700% due 1/17/35 | 463037 |
| 600000 |  | Saavi Energia SARL, Senior Unsecured Notes, 8.875% due 2/10/35<sup>(d)</sup> | 613800 |
| 200000 |  | Simpar Europe SA, Company Guaranteed Notes, 5.200% due 1/26/31 | 157014 |
|  |  | Telecom Italia Capital SA, Company Guaranteed Notes: |  |
| 50000 |  | &nbsp;&nbsp;&nbsp;6.375% due 11/15/33<sup>(d)</sup> | 50403 |
| 150000 |  | &nbsp;&nbsp;&nbsp;6.000% due 9/30/34<sup>(d)</sup> | 146895 |
| 1700000 |  | &nbsp;&nbsp;&nbsp;7.200% due 7/18/36<sup>(d)</sup> | 1767458 |
| 1040724 |  | Tierra Mojada Luxembourg II SARL, Senior Secured Notes, 5.750% due 12/1/40 | 965272 |
| 1229000 |  | Tyco Electronics Group SA, Company Guaranteed Notes, 4.500% due 2/9/31 | 1212209 |
|  |  | Total Luxembourg | 38684590 |
| **Mexico - 4.2%** | **Mexico - 4.2%** | **Mexico - 4.2%** | **Mexico - 4.2%** |
| 900000 |  | Banco Mercantil del Norte SA, Junior Subordinated Notes, 8.375% (5-Year CMT Index + 4.072%)<sup>(a)(b)(d)</sup> | 893043 |
|  |  | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico, Subordinated Notes: |  |
| 1300000 |  | &nbsp;&nbsp;&nbsp;5.875% (5-Year CMT Index + 4.308%) due 9/13/34<sup>(a)</sup> | 1249433 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **Mexico - (continued)** | **Mexico - (continued)** | **Mexico - (continued)** | **Mexico - (continued)** |
| 1742000 |  | &nbsp;&nbsp;&nbsp;7.625% (5-Year CMT Index + 3.375%) due 2/11/35<sup>(a)(d)</sup> | 1763600 |
| 306000 |  | &nbsp;&nbsp;&nbsp;7.625% (5-Year CMT Index + 3.375%) due 2/11/35<sup>(a)</sup> | 309794 |
| 900000 |  | Braskem Idesa SAPI, Senior Secured Notes, 6.990% due 2/20/32 | 661744 |
| 2300000 |  | Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy, Senior Secured Notes, 7.875% due 2/15/39<sup>(d)</sup> | 2311346 |
| 1100000 |  | Cemex SAB de CV, Subordinated Notes, 5.125% (5-Year CMT Index + 4.534%)<sup>(a)(b)</sup> | 1088168 |
| 2122400 |  | Cometa Energia SA de CV, Senior Secured Notes, 6.375% due 4/24/35 | 2142202 |
|  |  | Comision Federal de Electricidad, Company Guaranteed Notes: |  |
| 600000 |  | &nbsp;&nbsp;&nbsp;3.348% due 2/9/31 | 517702 |
| 1200000 |  | &nbsp;&nbsp;&nbsp;6.450% due 1/24/35<sup>(d)</sup> | 1154559 |
| 1743368 |  | Fermaca Enterprises S de RL de CV, Senior Secured Notes, 6.375% due 3/30/38 | 1663348 |
|  |  | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, Senior Secured Notes: |  |
| 2684476 |  | &nbsp;&nbsp;&nbsp;7.250% due 1/31/41<sup>(d)</sup> | 2648907 |
| 695975 |  | &nbsp;&nbsp;&nbsp;7.250% due 1/31/41 | 686754 |
|  |  | Grupo Aeromexico SAB de CV, Senior Secured Notes: |  |
| 1820000 |  | &nbsp;&nbsp;&nbsp;8.250% due 11/15/29 | 1717170 |
| 1717000 |  | &nbsp;&nbsp;&nbsp;8.625% due 11/15/31 | 1569032 |
| 3407604 |  | Mexico Generadora de Energia S de rl, Senior Secured Notes, 5.500% due 12/6/32 | 3329059 |
| 2000000 |  | Petroleos Mexicanos, Company Guaranteed Notes, 6.750% due 9/21/47 | 1352092 |
|  |  | Total Play Telecomunicaciones SA de CV, Senior Secured Notes: |  |
| 1800000 |  | &nbsp;&nbsp;&nbsp;10.500% due 12/31/28 | 1691416 |
| 1300000 |  | &nbsp;&nbsp;&nbsp;11.125% due 12/31/32<sup>(d)</sup> | 1220050 |
|  |  | Total Mexico | 27969419 |
| **Morocco - 0.3%** | **Morocco - 0.3%** | **Morocco - 0.3%** | **Morocco - 0.3%** |
| 1900000 |  | OCP SA, Senior Unsecured Notes, 6.750% due 5/2/34 | 1916891 |
| **Multinational - 0.8%** | **Multinational - 0.8%** | **Multinational - 0.8%** | **Multinational - 0.8%** |
| 4637000 | <sup>EUR</sup> | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Senior Unsecured Notes, 3.000% due 9/1/29 | 4582297 |
| 500000 |  | Cascades Inc./Cascades USA Inc., Company Guaranteed Notes, 5.375% due 1/15/28<sup>(d)</sup> | 492533 |
| 200000 |  | Connect Finco SARL/Connect US Finco LLC, Senior Secured Notes, 9.000% due 9/15/29<sup>(d)</sup> | 190622 |
|  |  | Total Multinational | 5265452 |
| **Netherlands - 2.6%** | **Netherlands - 2.6%** | **Netherlands - 2.6%** | **Netherlands - 2.6%** |
| 5259000 | <sup>EUR</sup> | Azerion Group NV, Senior Secured Notes, 9.086% (3-Month EURIBOR + 6.750%) due 10/2/26<sup>(a)</sup> | 5941669 |
| 800000 |  | Braskem Netherlands Finance BV, Company Guaranteed Notes, 4.500% due 1/31/30 | 656015 |
|  |  | Centrient Holding BV, Senior Secured Notes: |  |
| 765000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;6.627% (3-Month EURIBOR + 4.500%) due 5/30/30<sup>(a)(d)</sup> | 871863 |
| 608000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;6.750% due 5/30/30<sup>(d)</sup> | 699186 |
| 993000 | <sup>EUR</sup> | Eastern European Electric Co. BV, Senior Secured Notes, 6.500% due 5/15/30<sup>(d)</sup> | 1147611 |
| 1863402 |  | Mong Duong Finance Holdings BV, Senior Secured Notes, 5.125% due 5/7/29 | 1816165 |
| 3760500 |  | MV24 Capital BV, Senior Secured Notes, 6.748% due 6/1/34 | 3607523 |
| 200000 |  | Sunrise FinCo I BV, Senior Secured Notes, 4.875% due 7/15/31<sup>(d)</sup> | 185740 |
| 385000 |  | Trivium Packaging Finance BV, Secured Notes, 12.250% due 1/15/31<sup>(d)</sup> | 404861 |
| 296000 |  | Trivium Packaging Finance BV, Senior Secured Notes, 8.250% due 7/15/30<sup>(d)</sup> | 307113 |
| 200000 |  | VZ Secured Financing BV, Senior Secured Notes, 5.000% due 1/15/32<sup>(d)</sup> | 172888 |
| 1850000 |  | Ziggo Bond Co. BV, Company Guaranteed Notes, 5.125% due 2/28/30<sup>(d)</sup> | 1568106 |
|  |  | Total Netherlands | 17378740 |
| **Norway - 1.3%** | **Norway - 1.3%** | **Norway - 1.3%** | **Norway - 1.3%** |
| 1000000 |  | Archer Norge AS, Senior Secured Notes, 9.500% due 2/25/30 | 1001875 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **Norway - (continued)** | **Norway - (continued)** | **Norway - (continued)** | **Norway - (continued)** |
| 1100000 |  | BLUENORD ASA, Senior Unsecured Notes, 9.500% due 7/2/29<sup>(d)</sup> | 1135904 |
| 17500000 | <sup>NOK</sup> | Bonheur ASA, Senior Unsecured Notes, 6.920% (3-Month NIBOR + 2.350%) due 10/9/29<sup>(a)(d)</sup> | 1706138 |
| 1254000 |  | DNO ASA, Senior Unsecured Notes, 8.500% due 3/27/30<sup>(d)</sup> | 1248859 |
| 2100000 | <sup>NOK</sup> | Hawk Infinity Software AS, Senior Secured Notes, 11.070% (3-Month NIBOR + 6.500%) due 10/3/28<sup>(a)</sup> | 207823 |
| 2125000 |  | NES Fircroft Bondco AS, Senior Secured Notes, 8.000% due 9/30/29<sup>(d)</sup> | 2115866 |
| 11700000 | <sup>NOK</sup> | Norske Skog ASA, Senior Unsecured Notes, 9.030% (3-Month NIBOR + 4.500%) due 6/25/29<sup>(a)</sup> | 1106282 |
|  |  | Total Norway | 8522747 |
| **Paraguay - 0.2%** | **Paraguay - 0.2%** | **Paraguay - 0.2%** | **Paraguay - 0.2%** |
| 400000 |  | Banco Continental SAECA, Senior Unsecured Notes, 2.750% due 12/10/25 | 396020 |
| 800000 |  | Frigorifico Concepcion SA, Senior Secured Notes, 7.700% due 7/21/28 | 559447 |
| 200000 |  | Telefonica Celular del Paraguay SA, Senior Unsecured Notes, 5.875% due 4/15/27 | 198700 |
|  |  | Total Paraguay | 1154167 |
| **Peru - 2.5%** | **Peru - 2.5%** | **Peru - 2.5%** | **Peru - 2.5%** |
|  |  | Banco de Credito del Peru SA, Subordinated Notes: |  |
| 1900000 |  | &nbsp;&nbsp;&nbsp;3.125% (5-Year CMT Index + 3.000%) due 7/1/30<sup>(a)</sup> | 1890341 |
| 3200000 |  | &nbsp;&nbsp;&nbsp;3.250% (5-Year CMT Index + 2.450%) due 9/30/31<sup>(a)</sup> | 3103139 |
|  |  | Banco Internacional del Peru SAA Interbank, Subordinated Notes: |  |
| 4000000 |  | &nbsp;&nbsp;&nbsp;4.000% (5-Year CMT Index + 3.711%) due 7/8/30<sup>(a)</sup> | 3990514 |
| 900000 |  | &nbsp;&nbsp;&nbsp;6.397% (5-Year CMT Index + 2.067%) due 4/30/35<sup>(a)(d)</sup> | 911790 |
| 800000 |  | Compania de Minas Buenaventura SAA, Company Guaranteed Notes, 5.500% due 7/23/26 | 793856 |
| 1500000 |  | InRetail Consumer, Senior Secured Notes, 3.250% due 3/22/28 | 1409782 |
| 3500000 |  | InRetail Shopping Malls, Company Guaranteed Notes, 5.750% due 4/3/28 | 3484235 |
| 1300000 |  | Minsur SA, Senior Unsecured Notes, 4.500% due 10/28/31 | 1195377 |
|  |  | Total Peru | 16779034 |
| **Portugal - 0.0%** | **Portugal - 0.0%** | **Portugal - 0.0%** | **Portugal - 0.0%** |
| 70068 |  | Invepar, zero coupon, due 12/30/28<sup>(c)</sup> | – |
| **Romania - 0.3%** | **Romania - 0.3%** | **Romania - 0.3%** | **Romania - 0.3%** |
|  |  | Banca Transilvania SA, Senior Non-Preferred Notes: |  |
| 158000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;8.875% (1-Year EURIBOR ICE Swap Rate + 5.580%) due 4/27/27<sup>(a)</sup> | 186488 |
| 1571000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;5.125% (1-Year EURIBOR ICE Swap Rate + 2.950%) due 9/30/30<sup>(a)</sup> | 1788671 |
|  |  | Total Romania | 1975159 |
| **Serbia - 0.2%** | **Serbia - 0.2%** | **Serbia - 0.2%** | **Serbia - 0.2%** |
| 1600000 |  | Telecommunications co Telekom Srbija AD Belgrade, Senior Unsecured Notes, 7.000% due 10/28/29 | 1585464 |
| **Singapore - 1.9%** | **Singapore - 1.9%** | **Singapore - 1.9%** | **Singapore - 1.9%** |
| 1800000 |  | BPRL International Singapore Pte Ltd., Company Guaranteed Notes, 4.375% due 1/18/27 | 1784491 |
| 2400000 |  | DBS Group Holdings Ltd., Subordinated Notes, 1.822% (5-Year CMT Index + 1.100%) due 3/10/31<sup>(a)</sup> | 2347645 |
| 800000 |  | Medco Laurel Tree Pte Ltd., Company Guaranteed Notes, 6.950% due 11/12/28 | 788097 |
| 1400000 |  | Oversea-Chinese Banking Corp., Ltd, Subordinated Notes, 4.602% (5-Year CMT Index + 1.575%) due 6/15/32<sup>(a)</sup> | 1393577 |
|  |  | Oversea-Chinese Banking Corp.,Ltd., Subordinated Notes: |  |
| 1700000 |  | &nbsp;&nbsp;&nbsp;1.832% (5-Year CMT Index + 1.580%) due 9/10/30<sup>(a)</sup> | 1685304 |
| 300000 |  | &nbsp;&nbsp;&nbsp;1.832% (5-Year CMT Index + 1.580%) due 9/10/30<sup>(a)(d)</sup> | 297407 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **Singapore - (continued)** | **Singapore - (continued)** | **Singapore - (continued)** | **Singapore - (continued)** |
|  |  | United Overseas Bank Ltd., Subordinated Notes: |  |
| 800000 |  | &nbsp;&nbsp;&nbsp;1.750% (5-Year CMT Index + 1.520%) due 3/16/31<sup>(a)</sup> | 780729 |
| 1400000 |  | &nbsp;&nbsp;&nbsp;2.000% (5-Year CMT Index + 1.230%) due 10/14/31<sup>(a)</sup> | 1347180 |
| 2000000 |  | Yinson Production Financial Services Pte Ltd., Senior Secured Notes, 9.625% due 5/3/29<sup>(d)</sup> | 2075746 |
|  |  | Total Singapore | 12500176 |
| **Spain - 0.6%** | **Spain - 0.6%** | **Spain - 0.6%** | **Spain - 0.6%** |
|  |  | AI Candelaria - spain- SA, Senior Secured Notes: |  |
| 1629163 |  | &nbsp;&nbsp;&nbsp;7.500% due 12/15/28 | 1608798 |
| 3050000 |  | &nbsp;&nbsp;&nbsp;5.750% due 6/15/33 | 2556480 |
| 200000 |  | Termocandelaria Power SA, Company Guaranteed Notes, 7.750% due 9/17/31<sup>(d)</sup> | 199396 |
|  |  | Total Spain | 4364674 |
| **Sweden - 1.4%** | **Sweden - 1.4%** | **Sweden - 1.4%** | **Sweden - 1.4%** |
| 522000 | <sup>EUR</sup> | Geveko AB, Senior Secured Notes, 6.867% (3-Month EURIBOR + 4.500%) due 12/26/28<sup>(a)</sup> | 598658 |
| 206358 |  | Go North Group AB, zero coupon, due 12/31/49<sup>(c)(f)</sup> |  |
| 4071308 |  | Go North Group AB, Senior Secured Notes, 10.106% (SOFRRATE + 5.762%) due 2/9/26<sup>(a)</sup> | 2157793 |
| 3147394 | <sup>SEK</sup> | Go North Group AB, Senior Unsecured Notes, 15.000% due 2/2/28<sup>(f)</sup> |  |
| 7500000 | <sup>SEK</sup> | Goldcup 100865 AB, Senior Secured Notes, 7.828% (3-Month SEK-STIBOR + 5.500%) due 7/11/28<sup>(a)</sup> | 782346 |
| 1200000 | <sup>EUR</sup> | Inteno Group AB, Senior Secured Notes, 9.991% (3-Month EURIBOR + 7.500%) due 9/6/26<sup>(a)</sup> | 967444 |
| 7500000 | <sup>SEK</sup> | Novedo Holding AB, Senior Secured Notes, 12.000% due 9/18/28 | 782346 |
| 37500000 | <sup>SEK</sup> | Stockwik Forvaltning AB, Senior Secured Notes, 10.317% (3-Month SEK-STIBOR + 8.000%) due 3/20/26<sup>(a)</sup> | 3941069 |
| 3750000 | <sup>SEK</sup> | Storskogen Group AB, Senior Unsecured Notes, 6.073% (3-Month SEK-STIBOR + 3.750%) due 12/7/27<sup>(a)</sup> | 401449 |
|  |  | Total Sweden | 9631105 |
| **United Kingdom - 5.7%** | **United Kingdom - 5.7%** | **United Kingdom - 5.7%** | **United Kingdom - 5.7%** |
| 1500000 |  | 3t Global Bidco PLC, Senior Secured Notes, 11.250% due 5/22/28 | 1509175 |
| 2029000 |  | Azule Energy Finance PLC, Company Guaranteed Notes, 8.125% due 1/23/30<sup>(d)</sup> | 1975921 |
| 3986000 | <sup>GBP</sup> | Bellis Acquisition Co. PLC, Senior Secured Notes, 8.125% due 5/14/30 | 5008397 |
| 1500000 | <sup>GBP</sup> | Bellis Finco PLC, Company Guaranteed Notes, 4.000% due 2/16/27 | 1965593 |
| 1750000 | <sup>GBP</sup> | Bracken MidCo1 PLC, Senior Unsecured Notes, 6.750% due 11/1/27<sup>(e)</sup> | 2320652 |
| 1200000 | <sup>GBP</sup> | Close Brothers Group PLC, Junior Subordinated Notes, 11.125% (5-Year UK Government Note Generic Bid Yield + 7.039%)<sup>(a)(b)</sup> | 1615050 |
| 411000 |  | Endeavour Mining PLC, Company Guaranteed Notes, 7.000% due 5/28/30<sup>(d)</sup> | 408698 |
| 1360000 |  | EnQuest PLC, Company Guaranteed Notes, 11.625% due 11/1/27 | 1348229 |
| 1900000 |  | Global Auto Holdings Ltd./AAG FH UK Ltd., Senior Unsecured Notes, 11.500% due 8/15/29<sup>(d)</sup> | 1762250 |
| 14990437 | <sup>SEK</sup> | Impala BondCo PLC, Senior Secured Notes, 12.000% due 10/30/27<sup>(c)(g)</sup> | 938217 |
| 800000 |  | Ithaca Energy North Sea PLC, Senior Unsecured Notes, 8.125% due 10/15/29<sup>(d)</sup> | 802120 |
|  |  | Jerrold Finco PLC, Senior Secured Notes: |  |
| 2600000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;7.875% due 4/15/30 | 3573756 |
| 1095000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;7.500% due 6/15/31<sup>(d)</sup> | 1480120 |
| 187000 | <sup>GBP</sup> | Liverpool Victoria Friendly Society Ltd., Subordinated Notes, 9.440% (5-Year UK Government Note Generic Bid Yield + 5.630%) due 5/22/43<sup>(a)</sup> | 259276 |
| 590000 |  | Marex Group PLC, Senior Unsecured Notes, 6.404% due 11/4/29 | 601248 |
| 850000 |  | Marks & Spencer PLC, Senior Unsecured Notes, 7.125% due 12/1/37<sup>(d)</sup> | 889244 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **United Kingdom - (continued)** | **United Kingdom - (continued)** | **United Kingdom - (continued)** | **United Kingdom - (continued)** |
| 800000 | <sup>GBP</sup> | Oaknorth Bank PLC, Subordinated Notes, 10.000% (5-Year UK Government Note Generic Bid Yield + 6.199%) due 1/9/35<sup>(a)</sup> | 1110129 |
| 2272000 | <sup>EUR</sup> | OEG Finance PLC, Senior Secured Notes, 7.250% due 9/27/29 | 2642027 |
| 1011000 | <sup>EUR</sup> | Project Grand UK PLC, Senior Secured Notes, 9.000% due 6/1/29 | 1215816 |
| 1515000 | <sup>GBP</sup> | Punch Finance PLC, Senior Secured Notes, 7.875% due 12/30/30<sup>(d)</sup> | 2061502 |
| 2700000 | <sup>GBP</sup> | RAC Bond Co. PLC, Senior Secured Notes, 5.250% due 11/4/27 | 3553454 |
| 1000000 |  | Trident Energy Finance PLC, Company Guaranteed Notes, 12.500% due 11/30/29 | 970059 |
| 350000 |  | Virgin Media Finance PLC, Company Guaranteed Notes, 5.000% due 7/15/30<sup>(d)</sup> | 317295 |
|  |  | Total United Kingdom | 38328228 |
| **United States - 28.4%** | **United States - 28.4%** | **United States - 28.4%** | **United States - 28.4%** |
| 1150000 |  | Adtalem Global Education Inc., Senior Secured Notes, 5.500% due 3/1/28<sup>(d)</sup> | 1140926 |
| 1050000 |  | AECOM, Company Guaranteed Notes, 5.125% due 3/15/27<sup>(d)</sup> | 1049079 |
|  |  | Albertsons Cos.,Inc./Safeway Inc./New Albertsons LP/Albertsons LLC, Company Guaranteed Notes: |  |
| 100000 |  | &nbsp;&nbsp;&nbsp;4.625% due 1/15/27<sup>(d)</sup> | 99016 |
| 200000 |  | &nbsp;&nbsp;&nbsp;3.500% due 3/15/29<sup>(d)</sup> | 187906 |
| 1450000 |  | Alliance Resource Operating Partners LP/Alliance Resource Finance Corp., Company Guaranteed Notes, 8.625% due 6/15/29<sup>(d)</sup> | 1515598 |
|  |  | AmeriGas Partners LP/AmeriGas Finance Corp., Senior Unsecured Notes: |  |
| 750000 |  | &nbsp;&nbsp;&nbsp;5.750% due 5/20/27<sup>(d)</sup> | 733966 |
| 1250000 |  | &nbsp;&nbsp;&nbsp;9.375% due 6/1/28<sup>(d)</sup> | 1262352 |
| 215000 |  | ANGI Group LLC, Company Guaranteed Notes, 3.875% due 8/15/28<sup>(d)</sup> | 199181 |
|  |  | Avis Budget Car Rental LLC/Avis Budget Finance Inc., Company Guaranteed Notes: |  |
| 150000 |  | &nbsp;&nbsp;&nbsp;8.250% due 1/15/30<sup>(d)</sup> | 152566 |
| 150000 |  | &nbsp;&nbsp;&nbsp;8.000% due 2/15/31<sup>(d)</sup> | 151806 |
| 229000 |  | BGC Group Inc., Senior Unsecured Notes, 6.150% due 4/2/30<sup>(d)</sup> | 229297 |
|  |  | Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Unsecured Notes: |  |
| 650000 |  | &nbsp;&nbsp;&nbsp;7.000% due 7/15/29<sup>(d)</sup> | 671565 |
| 350000 |  | &nbsp;&nbsp;&nbsp;7.250% due 7/15/32<sup>(d)</sup> | 362876 |
| 1650000 |  | Brand Industrial Services Inc., Senior Secured Notes, 10.375% due 8/1/30<sup>(d)</sup> | 1479929 |
| 750000 |  | Brandywine Operating Partnership LP, Company Guaranteed Notes, 8.875% due 4/12/29<sup>(d)</sup> | 798658 |
| 1800000 |  | Bread Financial Holdings Inc., Company Guaranteed Notes, 9.750% due 3/15/29<sup>(d)</sup> | 1919135 |
| 50000 |  | Brinker International Inc., Company Guaranteed Notes, 8.250% due 7/15/30<sup>(d)</sup> | 52910 |
| 400000 |  | Brink's Co., Company Guaranteed Notes, 6.500% due 6/15/29<sup>(d)</sup> | 408134 |
| 495000 |  | Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, Senior Secured Notes, 4.500% due 4/1/27<sup>(d)</sup> | 480749 |
| 596000 |  | Brundage-Bone Concrete Pumping Holdings Inc., Senior Secured Notes, 7.500% due 2/1/32<sup>(d)</sup> | 594957 |
| 1423000 |  | BuzzFeed Inc., Company Guaranteed Notes, 8.500% due 12/3/26<sup>(d)</sup> | 1323390 |
| 200000 |  | BWX Technologies Inc., Company Guaranteed Notes, 4.125% due 4/15/29<sup>(d)</sup> | 191603 |
| 1081000 |  | C&S Group Enterprises LLC, Company Guaranteed Notes, 5.000% due 12/15/28<sup>(d)</sup> | 919919 |
| 150000 |  | Carpenter Technology Corp., Senior Unsecured Notes, 7.625% due 3/15/30<sup>(d)</sup> | 154701 |
| 450000 |  | Carriage Services Inc., Company Guaranteed Notes, 4.250% due 5/15/29<sup>(d)</sup> | 421091 |
| 850000 |  | Cars.com Inc., Company Guaranteed Notes, 6.375% due 11/1/28<sup>(d)</sup> | 849208 |
| 1500000 |  | Carvana Co., Senior Secured Notes, 9.000% due 6/1/31<sup>(d)(e)</sup> | 1739874 |
|  |  | CCO Holdings LLC/CCO Holdings Capital Corp., Senior Unsecured Notes: |  |
| 50000 |  | &nbsp;&nbsp;&nbsp;5.125% due 5/1/27<sup>(d)</sup> | 49484 |
| 350000 |  | &nbsp;&nbsp;&nbsp;5.000% due 2/1/28<sup>(d)</sup> | 343289 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **United States - (continued)** | **United States - (continued)** | **United States - (continued)** |
| 2889000 | Charles River Laboratories International Inc., Company Guaranteed Notes, 4.000% due 3/15/31<sup>(d)</sup> | $2590693 |
| 191000 | CHS/Community Health Systems Inc., Secured Notes, 6.125% due 4/1/30<sup>(d)</sup> | 147549 |
| 500000 | Ciena Corp., Company Guaranteed Notes, 4.000% due 1/31/30<sup>(d)</sup> | 465363 |
| 300000 | Civitas Resources Inc., Company Guaranteed Notes, 8.750% due 7/1/31<sup>(d)</sup> | 293312 |
| 250000 | Clearway Energy Operating LLC, Company Guaranteed Notes, 4.750% due 3/15/28<sup>(d)</sup> | 244285 |
| 50000 | CNX Midstream Partners LP, Company Guaranteed Notes, 4.750% due 4/15/30<sup>(d)</sup> | 46350 |
| 500000 | CommScope LLC, Senior Secured Notes, 9.500% due 12/15/31<sup>(d)</sup> | 519709 |
| 1519000 | Compass Group Diversified Holdings LLC, Company Guaranteed Notes, 5.250% due 4/15/29<sup>(d)</sup> | 1314329 |
| 861000 | Compass Group Diversified Holdings LLC, Senior Unsecured Notes, 5.000% due 1/15/32<sup>(d)</sup> | 703882 |
| 250000 | Comstock Resources Inc., Company Guaranteed Notes, 5.875% due 1/15/30<sup>(d)</sup> | 236396 |
| 350000 | Consolidated Communications Inc., Senior Secured Notes, 6.500% due 10/1/28<sup>(d)</sup> | 357111 |
| 1300000 | CoreCivic Inc., Company Guaranteed Notes, 8.250% due 4/15/29<sup>(d)</sup> | 1374014 |
| 200000 | CPI CG Inc., Senior Secured Notes, 10.000% due 7/15/29<sup>(d)</sup> | 211000 |
| 6101000 | Crocs Inc., Company Guaranteed Notes, 4.125% due 8/15/31<sup>(d)</sup> | 5415307 |
| 50000 | Crown Americas LLC/Crown Americas Capital Corp. V, Company Guaranteed Notes, 4.250% due 9/30/26<sup>(d)</sup> | 49460 |
|  | DaVita Inc., Company Guaranteed Notes: |  |
| 1100000 | &nbsp;&nbsp;&nbsp;4.625% due 6/1/30<sup>(d)</sup> | 1027885 |
| 150000 | &nbsp;&nbsp;&nbsp;6.875% due 9/1/32<sup>(d)</sup> | 152376 |
| 800000 | Deluxe Corp., Senior Secured Notes, 8.125% due 9/15/29<sup>(d)</sup> | 808755 |
| 450000 | Directv Financing LLC, Senior Secured Notes, 8.875% due 2/1/30<sup>(d)</sup> | 443279 |
|  | Directv Financing LLC/Directv Financing Co.-Obligor Inc., Senior Secured Notes: |  |
| 1900000 | &nbsp;&nbsp;&nbsp;5.875% due 8/15/27<sup>(d)</sup> | 1870186 |
| 100000 | &nbsp;&nbsp;&nbsp;10.000% due 2/15/31<sup>(d)</sup> | 97335 |
| 1125000 | Diversified Gas & Oil Corp., Senior Secured Notes, 9.750% due 4/9/29 | 1082334 |
| 300000 | DT Midstream Inc., Company Guaranteed Notes, 4.375% due 6/15/31<sup>(d)</sup> | 280165 |
| 100000 | Dycom Industries Inc., Company Guaranteed Notes, 4.500% due 4/15/29<sup>(d)</sup> | 96213 |
|  | Enova International Inc., Company Guaranteed Notes: |  |
| 1500000 | &nbsp;&nbsp;&nbsp;11.250% due 12/15/28<sup>(d)</sup> | 1609137 |
| 300000 | &nbsp;&nbsp;&nbsp;9.125% due 8/1/29<sup>(d)</sup> | 308194 |
| 200000 | Esab Corp., Company Guaranteed Notes, 6.250% due 4/15/29<sup>(d)</sup> | 203370 |
| 618000 | EZCORP Inc., Company Guaranteed Notes, 7.375% due 4/1/32<sup>(d)</sup> | 641330 |
| 2382746 | Five Point Operating Co. LP/Five Point Capital Corp., Company Guaranteed Notes, step bond to yield, 10.500% due 1/15/28<sup>(d)</sup> | 2426779 |
| 10650000 | Forum Energy Technologies Inc., Senior Secured Notes, 10.500% due 11/7/29 | 10756500 |
| 1400000 | Garrett Motion Holdings Inc./Garrett LX I SARL, Company Guaranteed Notes, 7.750% due 5/31/32<sup>(d)</sup> | 1428615 |
| 1117000 | GE HealthCare Technologies Inc., Senior Unsecured Notes, 4.800% due 8/14/29 | 1123014 |
|  | Genesis Energy LP/Genesis Energy Finance Corp., Company Guaranteed Notes: |  |
| 50000 | &nbsp;&nbsp;&nbsp;7.750% due 2/1/28<sup>(d)</sup> | 50435 |
| 1000000 | &nbsp;&nbsp;&nbsp;8.000% due 5/15/33<sup>(d)</sup> | 1014656 |
| 1080000 | Genworth Holdings Inc., Company Guaranteed Notes, 6.590% (3-Month TSFR + 2.264%) due 11/15/36<sup>(a)</sup> | 893343 |
| 1600000 | GEO Group Inc., Company Guaranteed Notes, 10.250% due 4/15/31<sup>(d)</sup> | 1753835 |
| 150000 | GEO Group Inc., Senior Secured Notes, 8.625% due 4/15/29<sup>(d)</sup> | 158336 |
| 3753000 | Getty Images Inc., Company Guaranteed Notes, 9.750% due 3/1/27<sup>(d)</sup> | 3682225 |
| 4148000 | Getty Images Inc., Senior Secured Notes, 11.250% due 2/21/30<sup>(d)</sup> | 4116890 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **United States - (continued)** | **United States - (continued)** | **United States - (continued)** | **United States - (continued)** |
| 350000 |  | Global Atlantic Finance Co., Company Guaranteed Notes, 7.950% (5-Year CMT Index + 3.608%) due 10/15/54<sup>(a)(d)</sup> | $359058 |
| 400000 |  | Gran Tierra Energy Inc., Senior Secured Notes, 9.500% due 10/15/29<sup>(d)</sup> | 280051 |
| 5214000 |  | GrubHub Holdings Inc., Company Guaranteed Notes, 5.500% due 7/1/27<sup>(d)</sup> | 4809912 |
| 2055000 |  | Hawaii Electric Light Co.,Inc., 3.280% due 12/30/40(c)(f) | 1156965 |
| 100000 |  | HealthEquity Inc., Company Guaranteed Notes, 4.500% due 10/1/29<sup>(d)</sup> | 95506 |
| 250000 |  | Hecla Mining Co., Company Guaranteed Notes, 7.250% due 2/15/28<sup>(d)</sup> | 251747 |
| 150000 |  | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower Inc., Company Guaranteed Notes, 4.875% due 7/1/31<sup>(d)</sup> | 134502 |
|  |  | Howard Hughes Corp., Company Guaranteed Notes: |  |
| 600000 |  | &nbsp;&nbsp;&nbsp;4.125% due 2/1/29<sup>(d)</sup> | 564054 |
| 1250000 |  | &nbsp;&nbsp;&nbsp;4.375% due 2/1/31<sup>(d)</sup> | 1135120 |
| 2569000 |  | Icahn Enterprises LP/Icahn Enterprises Finance Corp., Senior Secured Notes, 6.250% due 5/15/26 | 2544930 |
| 950000 |  | Iron Mountain Inc., Company Guaranteed Notes, 4.500% due 2/15/31<sup>(d)</sup> | 890150 |
|  |  | Jane Street Group/JSG Finance Inc., Senior Secured Notes: |  |
| 3297000 |  | &nbsp;&nbsp;&nbsp;6.125% due 11/1/32<sup>(d)</sup> | 3302457 |
| 354000 |  | &nbsp;&nbsp;&nbsp;6.750% due 5/1/33<sup>(d)</sup> | 363038 |
| 1900000 |  | Jefferies Finance LLC/JFIN Co.-Issuer Corp., Senior Unsecured Notes, 5.000% due 8/15/28<sup>(d)</sup> | 1799981 |
|  |  | Jefferson Capital Holdings LLC, Senior Unsecured Notes: |  |
| 23000 |  | &nbsp;&nbsp;&nbsp;9.500% due 2/15/29<sup>(d)</sup> | 24396 |
| 403000 |  | &nbsp;&nbsp;&nbsp;8.250% due 5/15/30<sup>(d)</sup> | 412499 |
| 150000 |  | K Hovnanian Enterprises Inc., Senior Secured Notes, 11.750% due 9/30/29<sup>(d)</sup> | 161558 |
| 900000 |  | Karoon USA Finance Inc., Senior Secured Notes, 10.500% due 5/14/29<sup>(d)</sup> | 899409 |
| 1750000 |  | Kinetik Holdings LP, Senior Unsecured Notes, 6.625% due 12/15/28<sup>(d)</sup> | 1784742 |
| 150000 |  | Knife River Corp., Senior Unsecured Notes, 7.750% due 5/1/31<sup>(d)</sup> | 157007 |
| 1350000 |  | Kodiak Gas Services LLC, Company Guaranteed Notes, 7.250% due 2/15/29<sup>(d)</sup> | 1383498 |
| 100000 |  | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Company Guaranteed Notes, 4.250% due 2/1/27<sup>(d)</sup> | 97834 |
| 6220000 |  | Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25<sup>@(c)(f)</sup> | 5287000 |
|  |  | Light & Wonder International Inc., Company Guaranteed Notes: |  |
| 50000 |  | &nbsp;&nbsp;&nbsp;7.250% due 11/15/29<sup>(d)</sup> | 51442 |
| 300000 |  | &nbsp;&nbsp;&nbsp;7.500% due 9/1/31<sup>(d)</sup> | 310016 |
| 800000 |  | Lumen Technologies Inc., Senior Secured Notes, 10.000% due 10/15/32<sup>(d)</sup> | 820480 |
| 350000 |  | M/I Homes Inc., Company Guaranteed Notes, 4.950% due 2/1/28<sup>(d)</sup> | 345288 |
| 150000 |  | Manitowoc Co.,Inc., Secured Notes, 9.250% due 10/1/31<sup>(d)</sup> | 156297 |
| 3572000 |  | Match Group Financeco 2 Inc., Company Guaranteed Notes, 0.875% due 6/15/26<sup>(d)</sup> | 3415904 |
| 400000 |  | Match Group Holdings II LLC, Senior Unsecured Notes, 5.625% due 2/15/29<sup>(d)</sup> | 396645 |
| 50000 |  | Mauser Packaging Solutions Holding Co., Senior Secured Notes, 7.875% due 4/15/27<sup>(d)</sup> | 50474 |
| 1750000 |  | Merlin Entertainments Group US Holdings Inc., Senior Secured Notes, 7.375% due 2/15/31<sup>(d)</sup> | 1596721 |
| 400000 |  | Midcap Financial Issuer Trust, Senior Unsecured Notes, 6.500% due 5/1/28<sup>(d)</sup> | 388894 |
| 50000 |  | Molina Healthcare Inc., Senior Unsecured Notes, 6.250% due 1/15/33<sup>(d)</sup> | 49919 |
| 850000 |  | Moog Inc., Company Guaranteed Notes, 4.250% due 12/15/27<sup>(d)</sup> | 823334 |
| 1300000 |  | Moss Creek Resources Holdings Inc., Senior Unsecured Notes, 8.250% due 9/1/31<sup>(d)</sup> | 1253467 |
| 3623000 | <sup>GBP</sup> | MPT Operating Partnership LP/MPT Finance Corp., Company Guaranteed Notes, 3.692% due 6/5/28 | 3783404 |
| 1622000 | <sup>EUR</sup> | MPT Operating Partnership LP/MPT Finance Corp., Senior Secured Notes, 7.000% due 2/15/32<sup>(d)</sup> | 1869408 |
| 1500000 |  | NCR Atleos Corp., Senior Secured Notes, 9.500% due 4/1/29<sup>(d)</sup> | 1638480 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **United States - (continued)** | **United States - (continued)** | **United States - (continued)** |
| 616000 | New Flyer Holdings Inc., Secured Notes, 9.250% due 7/1/30<sup>(d)</sup> | $632170 |
| 550000 | Nexstar Media Inc., Company Guaranteed Notes, 4.750% due 11/1/28<sup>(d)</sup> | 529149 |
|  | Nordstrom Inc., Senior Unsecured Notes: |  |
| 152000 | &nbsp;&nbsp;&nbsp;4.375% due 4/1/30<sup>(d)</sup> | 137140 |
| 2100000 | &nbsp;&nbsp;&nbsp;5.000% due 1/15/44<sup>(d)</sup> | 1468783 |
| 500000 | Novelis Corp., Company Guaranteed Notes, 4.750% due 1/30/30<sup>(d)</sup> | 475317 |
| 100000 | NuStar Logistics LP, Company Guaranteed Notes, 5.625% due 4/28/27<sup>(d)</sup> | 100249 |
| 300000 | Oceaneering International Inc., Senior Unsecured Notes, 6.000% due 2/1/28<sup>(d)</sup> | 295958 |
|  | OneMain Finance Corp., Company Guaranteed Notes: |  |
| 100000 | &nbsp;&nbsp;&nbsp;5.375% due 11/15/29<sup>(d)</sup> | 96888 |
| 50000 | &nbsp;&nbsp;&nbsp;7.875% due 3/15/30<sup>(d)</sup> | 52250 |
| 50000 | &nbsp;&nbsp;&nbsp;6.750% due 3/15/32<sup>(d)</sup> | 49698 |
| 350000 | Option Care Health Inc., Company Guaranteed Notes, 4.375% due 10/31/29<sup>(d)</sup> | 333666 |
| 600000 | Organon & Co./Organon Foreign Debt Co.-Issuer BV, Company Guaranteed Notes, 7.875% due 5/15/34<sup>(d)</sup> | 517471 |
| 200000 | Organon & Co./Organon Foreign Debt Co.-Issuer BV, Senior Secured Notes, 4.125% due 4/30/28<sup>(d)</sup> | 187865 |
| 1200000 | Organon & Co./Organon Foreign Debt Co.-Issuer BV, Senior Unsecured Notes, 5.125% due 4/30/31<sup>(d)</sup> | 1008337 |
| 50000 | Outfront Media Capital LLC/Outfront Media Capital Corp., Senior Unsecured Notes, 4.250% due 1/15/29<sup>(d)</sup> | 47288 |
| 50000 | Patrick Industries Inc., Company Guaranteed Notes, 6.375% due 11/1/32<sup>(d)</sup> | 49283 |
| 200000 | PennyMac Financial Services Inc., Company Guaranteed Notes, 7.125% due 11/15/30<sup>(d)</sup> | 204417 |
| 1950000 | PetSmart Inc./PetSmart Finance Corp., Senior Secured Notes, 4.750% due 2/15/28<sup>(d)</sup> | 1881889 |
| 200000 | Phinia Inc., Senior Secured Notes, 6.750% due 4/15/29<sup>(d)</sup> | 204422 |
| 1650000 | Pitney Bowes Inc., Company Guaranteed Notes, 7.250% due 3/15/29<sup>(d)</sup> | 1649286 |
| 847000 | Porch Group Inc., Senior Secured Notes, 6.750% due 10/1/28<sup>(d)</sup> | 806633 |
| 1536000 | PRA Group Inc., Company Guaranteed Notes, 8.875% due 1/31/30<sup>(d)</sup> | 1574456 |
| 4534000 | Prime Healthcare Services Inc., Senior Secured Notes, 9.375% due 9/1/29<sup>(d)</sup> | 4606494 |
| 250000 | Prime Security Services Borrower LLC/Prime Finance Inc., Secured Notes, 6.250% due 1/15/28<sup>(d)</sup> | 249744 |
| 450000 | PROG Holdings Inc., Company Guaranteed Notes, 6.000% due 11/15/29<sup>(d)</sup> | 427472 |
|  | Prospect Capital Corp., Senior Unsecured Notes: |  |
| 100000 | &nbsp;&nbsp;&nbsp;3.364% due 11/15/26<sup>(d)</sup> | 94292 |
| 1850000 | &nbsp;&nbsp;&nbsp;3.437% due 10/15/28<sup>(d)</sup> | 1630027 |
| 1300000 | Rain Carbon Inc., Senior Secured Notes, 12.250% due 9/1/29<sup>(d)</sup> | 1354467 |
| 650000 | Rand Parent LLC, Senior Secured Notes, 8.500% due 2/15/30<sup>(d)</sup> | 640500 |
|  | Resorts World Las Vegas LLC/RWLV Capital Inc., Company Guaranteed Notes: |  |
| 400000 | &nbsp;&nbsp;&nbsp;4.625% due 4/16/29<sup>(d)</sup> | 350679 |
| 1200000 | &nbsp;&nbsp;&nbsp;8.450% due 7/27/30<sup>(d)</sup> | 1180959 |
| 50000 | RingCentral Inc., Senior Unsecured Notes, 8.500% due 8/15/30<sup>(d)</sup> | 52811 |
| 1400000 | Rithm Capital Corp., Senior Unsecured Notes, 8.000% due 4/1/29<sup>(d)</sup> | 1403728 |
| 800000 | Rocket Software Inc., Senior Secured Notes, 9.000% due 11/28/28<sup>(d)</sup> | 825398 |
| 1750000 | Rockies Express Pipeline LLC, Senior Unsecured Notes, 6.875% due 4/15/40<sup>(d)</sup> | 1675724 |
| 637000 | RR Donnelley & Sons Co., Secured Notes, 10.875% due 8/1/29<sup>(d)</sup> | 619120 |
| 974000 | RR Donnelley & Sons Co., Senior Secured Notes, 9.500% due 8/1/29<sup>(d)</sup> | 976447 |
| 1694000 | Sabre GLBL Inc., Senior Secured Notes, 11.125% due 7/15/30<sup>(d)</sup> | 1738044 |
| 200000 | Science Applications International Corp., Company Guaranteed Notes, 4.875% due 4/1/28<sup>(d)</sup> | 194950 |
| 100000 | Sealed Air Corp./Sealed Air Corp. US, Company Guaranteed Notes, 6.125% due 2/1/28<sup>(d)</sup> | 101119 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units†** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** | **CORPORATE BONDS & NOTES - (continued)** |
| **United States - (continued)** | **United States - (continued)** | **United States - (continued)** |
| 50000 | Spirit AeroSystems Inc., Senior Secured Notes, 9.375% due 11/30/29<sup>(d)</sup> | $53240 |
| 4747000 | Sprint LLC, Company Guaranteed Notes, 7.625% due 3/1/26 | 4799183 |
| 208000 | Star Leasing Co. LLC, Secured Notes, 7.625% due 2/15/30<sup>(d)</sup> | 195658 |
| 300000 | Starz Capital Holdings LLC, Company Guaranteed Notes, 5.500% due 4/15/29<sup>(d)</sup> | 242406 |
| 500000 | Steelcase Inc., Senior Unsecured Notes, 5.125% due 1/18/29<sup>(d)</sup> | 485285 |
| 279000 | Stonepeak Nile Parent LLC, Senior Secured Notes, 7.250% due 3/15/32<sup>(d)</sup> | 288960 |
| 3940000 | StoneX Group Inc., Senior Secured Notes, 7.875% due 3/1/31<sup>(d)</sup> | 4150136 |
| 4130000 | Summit Midstream Holdings LLC, Senior Secured Notes, 8.625% due 10/31/29<sup>(d)</sup> | 4139268 |
| 1050000 | SunCoke Energy Inc., Senior Secured Notes, 4.875% due 6/30/29<sup>(d)</sup> | 964979 |
| 600000 | Synchrony Financial, Subordinated Notes, 7.250% due 2/2/33<sup>(d)</sup> | 613211 |
| 350000 | Taylor Morrison Communities Inc., Company Guaranteed Notes, 5.750% due 1/15/28<sup>(d)</sup> | 352070 |
|  | TEGNA Inc., Company Guaranteed Notes: |  |
| 550000 | &nbsp;&nbsp;&nbsp;4.625% due 3/15/28<sup>(d)</sup> | 533194 |
| 350000 | &nbsp;&nbsp;&nbsp;5.000% due 9/15/29<sup>(d)</sup> | 333381 |
| 100000 | TransDigm Inc., Company Guaranteed Notes, 5.500% due 11/15/27<sup>(d)</sup> | 99922 |
| 50000 | TransDigm Inc., Senior Secured Notes, 6.375% due 3/1/29<sup>(d)</sup> | 50815 |
| 500000 | Travel + Leisure Co., Senior Secured Notes, 6.000% due 4/1/27<sup>(d)</sup> | 503596 |
| 1700000 | Turning Point Brands Inc., Senior Secured Notes, 7.625% due 3/15/32<sup>(d)</sup> | 1787577 |
| 50000 | United Rentals North America Inc., Company Guaranteed Notes, 4.875% due 1/15/28<sup>(d)</sup> | 49469 |
| 250000 | Uniti Group LP/Uniti Group Finance 2019 Inc./CSL Capital LLC, Senior Secured Notes, 10.500% due 2/15/28<sup>(d)</sup> | 265220 |
| 300000 | Univision Communications Inc., Senior Secured Notes, 8.500% due 7/31/31<sup>(d)</sup> | 288049 |
| 950000 | Upbound Group Inc., Company Guaranteed Notes, 6.375% due 2/15/29<sup>(d)</sup> | 908983 |
|  | VF Corp., Senior Unsecured Notes: |  |
| 150000 | &nbsp;&nbsp;&nbsp;2.800% due 4/23/27<sup>(d)</sup> | 141013 |
| 500000 | &nbsp;&nbsp;&nbsp;2.950% due 4/23/30<sup>(d)</sup> | 417222 |
| 100000 | VFH Parent LLC/Valor Co.-Issuer Inc., Senior Secured Notes, 7.500% due 6/15/31<sup>(d)</sup> | 104259 |
| 50000 | Viavi Solutions Inc., Company Guaranteed Notes, 3.750% due 10/1/29<sup>(d)</sup> | 46001 |
| 3576000 | Viking Baked Goods Acquisition Corp., Senior Secured Notes, 8.625% due 11/1/31<sup>(d)</sup> | 3371453 |
| 1500000 | Vornado Realty LP, Senior Unsecured Notes, 3.400% due 6/1/31<sup>(d)</sup> | 1289218 |
| 1737000 | Voyager Parent LLC, Senior Secured Notes, 9.250% due 7/1/32<sup>(d)</sup> | 1794519 |
| 150000 | Wayfair LLC, Senior Secured Notes, 7.750% due 9/15/30<sup>(d)</sup> | 146963 |
| 2133000 | Western Digital Corp., Senior Secured Notes, 3.100% due 2/1/32 | 1841356 |
| 1019000 | Windstream Services LLC/Windstream Escrow Finance Corp., Senior Secured Notes, 8.250% due 10/1/31<sup>(d)</sup> | 1060520 |
| 1000000 | Wipro IT Services LLC, Company Guaranteed Notes, 1.500% due 6/23/26 | 966360 |
| 700000 | Wyndham Hotels & Resorts Inc., Company Guaranteed Notes, 4.375% due 8/15/28<sup>(d)</sup> | 677349 |
|  | XPLR Infrastructure Operating Partners LP, Company Guaranteed Notes: |  |
| 1100000 | &nbsp;&nbsp;&nbsp;4.500% due 9/15/27<sup>(d)</sup> | 1064087 |
| 50000 | &nbsp;&nbsp;&nbsp;8.375% due 1/15/31<sup>(d)</sup> | 52215 |
| 100000 | &nbsp;&nbsp;&nbsp;8.625% due 3/15/33<sup>(d)</sup> | 104900 |
| 850000 | XPLR Infrastructure Operating Partners LP, Senior Unsecured Notes, 7.250% due 1/15/29<sup>(d)</sup> | 854171 |
| 5394000 | XPO Inc., Senior Secured Notes, 6.250% due 6/1/28<sup>(d)</sup> | 5447891 |
| 500000 | ZF North America Capital Inc., Company Guaranteed Notes, 6.875% due 4/14/28<sup>(d)</sup> | 495535 |
| 5959000 | Ziff Davis Inc., Company Guaranteed Notes, 4.625% due 10/15/30<sup>(d)</sup> | 5401163 |
|  | Total United States | 191128086 |
|  | **TOTAL CORPORATE BONDS& NOTES** |  |
|  | (Cost - $505,346,950) | **504336814** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **SENIOR LOANS<sup>(a)</sup> - 8.7%** | **SENIOR LOANS<sup>(a)</sup> - 8.7%** | **SENIOR LOANS<sup>(a)</sup> - 8.7%** | **SENIOR LOANS<sup>(a)</sup> - 8.7%** |
| **United States - 8.7%** | **United States - 8.7%** | **United States - 8.7%** | **United States - 8.7%** |
| 4572051 |  | Audacy Capital LLC, 10.441% (1-Month USD-SOFR + 0.600)% due 10/1/29 | $3721649 |
| 2289000 |  | Bally's Corp., due 10/2/28<sup>(h)</sup> | 2011779 |
| 3280778 |  | Charter Communications Operating LLC, 6.548% (3-Month USD-SOFR + 0.225)% due 12/15/31 | 3277923 |
| 6388774 |  | CMG Media Corp., 7.899% (3-Month USD-SOFR + 0.350)% due 6/18/29 | 6053363 |
| 1641133 |  | Container Store Inc., 5.259% (6-Month USD-SOFR + 0.100)% due 7/30/29<sup>(f)</sup> | 1148793 |
| 331625 |  | Elevate Textiles Inc., 12.948% (3-Month USD-SOFR + 0.850)% due 9/30/27 | 331625 |
| 5734842 |  | Fiserv Investment Solutions Inc., 8.322% (3-Month USD-SOFR + 0.400)% due 2/18/27 | 5624905 |
| 994453 |  | GemmaCert Ltd., 0.000% (6-Month USD-SOFR + 0.000)% due 5/19/24<sup>(c)(f)</sup> |  |
| 8109696 |  | Inotiv Inc., 10.943% (1-Month USD-SOFR + 0.650)% due 11/5/26<sup>@</sup> | 6487757 |
| 6049613 |  | Magnite Inc., 7.327% (1-Month USD-SOFR + 0.300)% due 2/6/31 | 6019365 |
| 4538670 |  | Mountaineer Merger Corp., 11.549% (3-Month USD-SOFR + 0.700)% due 10/26/28 | 2830996 |
| 6198491 |  | Outerstuff LLC, 11.061% (3-Month USD-SOFR + 0.650)% due 12/31/27 | 6074522 |
| 3224000 |  | Solaris Energy Infrastructure LLC, 10.299% (3-Month USD-SOFR + 0.600)% due 9/11/29<sup>(c)</sup> | 3280420 |
| 6569000 |  | TPC Group Inc., 9.952% (6-Month USD-SOFR + 0.575)% due 12/16/31 | 6295270 |
| 1990000 |  | TripAdvisor Inc., 7.049% (3-Month USD-SOFR + 0.275)% due 7/8/31 | 1965125 |
| 1677466 |  | Trulite Holding Corp., 10.288% (3-Month USD-SOFR + 0.600)% due 3/1/30 | 1601980 |
| 1601600 |  | United Natural Foods Inc., 9.077% (1-Month USD-SOFR + 0.475)% due 5/1/31 | 1606277 |
|  |  | Total United States | 58331749 |
|  |  | **TOTAL SENIOR LOANS** |  |
|  |  | (Cost - $62,568,319) | **58331749** |
| **SOVEREIGN BONDS - 1.3%** | **SOVEREIGN BONDS - 1.3%** | **SOVEREIGN BONDS - 1.3%** | **SOVEREIGN BONDS - 1.3%** |
| **Dominican Republic - 0.2%** | **Dominican Republic - 0.2%** | **Dominican Republic - 0.2%** | **Dominican Republic - 0.2%** |
| 1200000 |  | Dominican Republic International Bond, 5.500% due 2/22/29 | 1184040 |
| **Guatemala - 0.3%** | **Guatemala - 0.3%** | **Guatemala - 0.3%** | **Guatemala - 0.3%** |
|  |  | Guatemala Government Bond: |  |
| 300000 |  | &nbsp;&nbsp;&nbsp;4.500% due 5/3/26 | 296655 |
| 200000 |  | &nbsp;&nbsp;&nbsp;4.375% due 6/5/27 | 196066 |
| 1800000 |  | &nbsp;&nbsp;&nbsp;5.250% due 8/10/29 | 1777500 |
|  |  | Total Guatemala | 2270221 |
| **Morocco - 0.2%** | **Morocco - 0.2%** | **Morocco - 0.2%** | **Morocco - 0.2%** |
|  |  | Morocco Government International Bond: |  |
| 800000 |  | &nbsp;&nbsp;&nbsp;2.375% due 12/15/27 | 747923 |
| 500000 |  | &nbsp;&nbsp;&nbsp;3.000% due 12/15/32 | 413176 |
|  |  | Total Morocco | 1161099 |
| **Paraguay - 0.2%** | **Paraguay - 0.2%** | **Paraguay - 0.2%** | **Paraguay - 0.2%** |
| 1400000 |  | Paraguay Government International Bond, 4.700% due 3/27/27 | 1388212 |
| **Romania - 0.4%** | **Romania - 0.4%** | **Romania - 0.4%** | **Romania - 0.4%** |
| 2513000 | <sup>EUR</sup> | Romanian Government International Bond, 6.250% due 9/10/34<sup>(d)</sup> | 2840980 |
|  |  | **TOTAL SOVEREIGN BONDS** |  |
|  |  | (Cost - $8,543,308) | **8844552** |
| **U.S. GOVERNMENT AGENCY & OBLIGATION - 1.2%** | **U.S. GOVERNMENT AGENCY & OBLIGATION - 1.2%** | **U.S. GOVERNMENT AGENCY & OBLIGATION - 1.2%** | **U.S. GOVERNMENT AGENCY & OBLIGATION - 1.2%** |
| **U.S. GOVERNMENT OBLIGATION - 1.2%** | **U.S. GOVERNMENT OBLIGATION - 1.2%** | **U.S. GOVERNMENT OBLIGATION - 1.2%** | **U.S. GOVERNMENT OBLIGATION - 1.2%** |
| 8191000 |  | U.S. Treasury Note, 4.375% due 7/31/26 |  |
|  |  | (Cost - $8,226,081) | 8214037 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units†** | | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - 0.9%** | **ASSET-BACKED SECURITIES - 0.9%** | **ASSET-BACKED SECURITIES - 0.9%** | **ASSET-BACKED SECURITIES - 0.9%** |
| **Real Estate - 0.9%** | **Real Estate - 0.9%** | **Real Estate - 0.9%** | **Real Estate - 0.9%** |
|  |  | Vivion Investments SARL: |  |
| 4965980 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;6.500% due 8/31/28<sup>(e)</sup> | $5526093 |
| 483600 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;6.500% due 2/28/29<sup>(e)</sup> | 531281 |
|  |  | Total Real Estate | 6057374 |
|  |  | **TOTAL ASSET-BACKED SECURITIES** |  |
|  |  | (Cost - $5,650,270) | **6057374** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 0.5%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 0.5%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 0.5%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 0.5%** |
| **Mortgage Securities - 0.5%** | **Mortgage Securities - 0.5%** | **Mortgage Securities - 0.5%** | **Mortgage Securities - 0.5%** |
|  |  | CAMB Commercial Mortgage Trust: |  |
| 1350000 |  | &nbsp;&nbsp;&nbsp;Series 2019-LIFE, Class A, 5.696% (1-Month TSFR + 1.367%) due 12/15/37<sup>(a)(d)</sup> | 1349156 |
| 2410564 |  | &nbsp;&nbsp;&nbsp;Series 2019-LIFE, Class B, 5.876% (1-Month TSFR + 1.547%) due 12/15/37<sup>(a)(d)</sup> | 2409058 |
|  |  | Total Mortgage Securities | 3758214 |
|  |  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |  |
|  |  | (Cost - $3,760,564) | **3758214** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  |  |
| **COMMON STOCKS - 2.0%** | **COMMON STOCKS - 2.0%** | **COMMON STOCKS - 2.0%** |
| **United Kingdom - 0.5%** | **United Kingdom - 0.5%** | **United Kingdom - 0.5%** |
| 349999 | Tavia Acquisition Corp.<sup>\*(c)</sup> | 3545490 |
| **United States - 1.5%** | **United States - 1.5%** | **United States - 1.5%** |
| 15560 | Alpha Partners Technology<sup>\*(c)(f)</sup> | 552 |
| 26518 | Forum Energy Technologies Inc.<sup>\*</sup> | 390875 |
| 224700 | K&F Growth Acquisition Corp. II, Class A Shares\* | 2258235 |
| 2835078 | Prosomnus Sleep Technologies Inc.<sup>\*@(c)(f)</sup> | 3415135 |
| 57 | Real Alloy Holding Inc.<sup>\*(c)(f)</sup> | 3707600 |
| 238311 | UpHealth Inc.<sup>\*@(c)(f)</sup> |  |
| 115591 | Verano Holdings Corp.<sup>\*(c)</sup> | 53661 |
| 26200 | Warner Bros Discovery Inc.<sup>\*</sup> | 261214 |
|  | Total United States | 10087272 |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost - $13,619,633) | **13632762** |
| **EXCHANGE TRADED FUND (ETF) - 1.3%** | **EXCHANGE TRADED FUND (ETF) - 1.3%** | **EXCHANGE TRADED FUND (ETF) - 1.3%** |
| **United States - 1.3%** | **United States - 1.3%** | **United States - 1.3%** |
| 235384 | Xtrackers USD High Yield Corporate Bond |  |
|  | (Cost - $8,341,668) | 8582101 |
| **PREFERRED STOCKS - 1.1%** | **PREFERRED STOCKS - 1.1%** | **PREFERRED STOCKS - 1.1%** |
| **United States - 1.1%** | **United States - 1.1%** | **United States - 1.1%** |
| 71733 | CTO Realty Growth Inc., 6.375%<sup>(b)</sup> | 1559475 |
| 196289 | NGL Energy Partners LP, 11.804% (3-Month TSFR + 7.475%)<sup>(a)(b)</sup> | 4475389 |
| 43599 | Saratoga Investment Corp., 6.000% | 1065124 |
|  | Total United States | 7099988 |
|  | **TOTAL PREFERRED STOCKS** |  |
|  | (Cost - $7,548,843) | **7099988** |
| **WARRANTS - 0.0%** | **WARRANTS - 0.0%** | **WARRANTS - 0.0%** |
| **Bermuda - 0.0%** | **Bermuda - 0.0%** | **Bermuda - 0.0%** |
| 558670 | McDermott International Ltd.<sup>\*(c)(f)</sup> |  |
| 502803 | WT PUR COM<sup>\*(c)(f)</sup> | – |
|  | Total Bermuda | – |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **WARRANTS - (continued)** | **WARRANTS - (continued)** | **WARRANTS - (continued)** |
| **Israel - 0.0%** | **Israel - 0.0%** | **Israel - 0.0%** |
| 41956 | GemmaCert Ltd.<sup>\*(c)(f)</sup> | $– |
| **United States - 0.0%** | **United States - 0.0%** | **United States - 0.0%** |
| 14538 | Audacy Capital Corp.<sup>\*(c)(f)</sup> | 145380 |
| 36249 | Leafly Holdings Inc.<sup>\*@</sup> | 221 |
|  | Total United States | 145601 |
|  | **TOTAL WARRANTS** |  |
|  | (Cost - $868,011) | **145601** |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS** |  |
|  | (Cost - $624,473,647) | **619003192** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Face Amount†** |  |  |  |
| **SHORT-TERM INVESTMENTS - 7.5%** | **SHORT-TERM INVESTMENTS - 7.5%** | **SHORT-TERM INVESTMENTS - 7.5%** | **SHORT-TERM INVESTMENTS - 7.5%** |
| **COMMERCIAL PAPERS - 2.2%** | **COMMERCIAL PAPERS - 2.2%** | **COMMERCIAL PAPERS - 2.2%** | **COMMERCIAL PAPERS - 2.2%** |
| 4408000 |  | Arrow Electronics Inc., 4.814% due 6/4/25<sup>(i)</sup> | 4405075 |
| 5216000 |  | Crown Castle Inc., 5.045% due 6/3/25<sup>(i)</sup> | 5213183 |
|  |  | Whirlpool Corp.: |  |
| 3547000 |  | &nbsp;&nbsp;&nbsp;5.577% due 6/2/25<sup>(i)</sup> | 3545508 |
| 1808000 |  | &nbsp;&nbsp;&nbsp;5.627% due 6/6/25<sup>(i)</sup> | 1806221 |
|  |  | **TOTAL COMMERCIAL PAPERS** |  |
|  |  | (Cost - $14,975,970) | **14969987** |
| **CORPORATE NOTE - 0.1%** | **CORPORATE NOTE - 0.1%** | **CORPORATE NOTE - 0.1%** | **CORPORATE NOTE - 0.1%** |
| 2165123 |  | Tacora Resources Inc., 13.000% due 11/3/23<sup>(c)(d)(f)</sup> |  |
|  |  | (Cost - $2,165,713) | 433025 |
| **TIME DEPOSITS - 5.2%** | **TIME DEPOSITS - 5.2%** | **TIME DEPOSITS - 5.2%** | **TIME DEPOSITS - 5.2%** |
| 1805997 |  | ANZ National Bank - London, 3.680% due 6/2/25 | 1805997 |
|  |  | Brown Brothers Harriman - Grand Cayman: |  |
| 204738 | <sup>SEK</sup> | &nbsp;&nbsp;&nbsp;1.070% due 6/2/25 | 21357 |
| 60831 | <sup>NOK</sup> | &nbsp;&nbsp;&nbsp;3.230% due 6/2/25 | 5960 |
|  |  | Citibank - London: |  |
| 3135049 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;1.080% due 6/2/25 | 3559849 |
| 3287750 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;3.170% due 6/2/25 | 4430078 |
| 13618870 |  | Citibank - New York, 3.680% due 6/2/25 | 13618870 |
| 901734 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 901734 |
| 7252086 |  | Royal Bank of Canada - Toronto, 3.680% due 6/2/25 | 7252086 |
| 3271250 |  | Skandinaviska Enskilda Banken AB - Stockholm, 3.680% due 6/2/25 | 3271250 |
|  |  | **TOTAL TIME DEPOSITS** |  |
|  |  | (Cost - $34,867,181) | **34867181** |
|  |  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  |  | (Cost - $52,008,864) | **50270193** |
|  |  | **TOTAL INVESTMENTS - 99.5%** |  |
|  |  | (Cost - $676,482,511) | **669273385** |
|  |  | Other Assets in Excess of Liabilities - 0.5% | 3497165 |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**672770550** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

† Face amount denominated in U.S.
dollars, unless otherwise noted.

\* Non-income producing security.

(a) Variable rate security. Interest
rate disclosed is that which was in effect at May 31, 2025.

(b) Security is perpetual in nature
and has no stated maturity date.

(c) Illiquid security. The aggregate
value of illiquid holdings at May 31, 2025, amounts to $22,069,992 and represents 3.28% of net assets.

(d) Restricted security that may be
sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A under the Securities Act of 1933, as
amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate
value of restricted 144A holdings at May 31, 2025, amounts to $240,854,849 and represents 35.80% of net assets.

(e) Payment in-kind security for which
part of the income earned may be paid as additional principal. At the option of the issuer.

(f) Security is valued in good faith
at fair value by or under the direction of the Board of Trustees using significant unobservable inputs.

(g) Security is currently in default.

(h) This position represents an unsettled
loan commitment at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon
rate.

(i) Rate shown represents yield-to-maturity.

@ Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Security** | **First <br> Acquisition <br> Date** | **First <br> Acquisition <br> Cost** | **Market<br> Value** | **Percent of<br> Net Assets** |  |
| Inotiv Inc., 10.943% (1-Month USD-SOFR + 0.650)% due 11/5/26 | 9/21/2021 | $4204200 | $6487757 | 0.96 | % |
| Leafly Holdings Inc. | 2/7/2022 |  | 221 | 0.00 | %\* |
| Leafly Holdings Inc., Senior Unsecured Notes, 8.000% due 7/1/25 | 2/4/2022 | 7109000 | 5287000 | 0.79 | % |
| Prosomnus Sleep Technologies Inc. | 8/6/2024 | 4003437 | 3415135 | 0.51 | % |
| UpHealth Inc. | 11/22/2023 | 125488 | - | 0.00 | % |
|  |  |  | $**15190113** | **2.26** | **%** |

---

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| CMT | **—** | Constant Maturity Treasury Index |
| EURIBOR | **—** | Euro Interbank Offered Rate |
| GO | **—** | General Obligation |
| ICE | **—** | Intercontinental Exchange |
| LLC | **—** | Limited Liability Company |
| LP | **—** | Limited Partnership |
| NIBOR | **—** | Norwegian Interbank Offered Rate |
| PLC | **—** | Public Limited Company |
| REIT | **—** | Real Estate Investment Trust |
| SARL | **—** | Société à Responsabilité Limitée |
| SOFR | **—** | Secured Overnight Financing Rate |
| STIBOR | **—** | Stockholm Interbank Offered Rate |
| TSFR | **—** | CME Term SOFR Reference Rate |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Global Fixed Income Opportunities Fund (continued)**

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
| Corporate Bonds & Notes | 75.4% |
| Senior Loans | 8.7 |
| Common Stocks | 2.0 |
| Sovereign Bonds | 1.3 |
| Exchange Traded Fund (ETF) | 1.3 |
| U.S. Government Agency & Obligation | 1.2 |
| Preferred Stocks | 1.1 |
| Asset-Backed Securities | 0.9 |
| Collateralized Mortgage Obligations | 0.6 |
| Warrants | 0.0 \* |
| Short-Term Investments | 7.5 |
|  | 100.0% |

---

^ As a percentage of total investments.

\* Position represents less than 0.05%.

**Schedule of Options Contracts Written**

**Equity Options**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of<br> Contracts** | **Notional <br> Amount** | **Security Name** | **Counterparty** | **Expiration<br> Date** | **Exercise<br> Rate** | **Value** |
| 155 | $1233335 | iShares iBoxx HighYield, Put | RJA | 7/18/25 | $77.00 | $(4030) |
| 455 | 3620435 | iShares iBoxx HighYield, Call | RJA | 7/18/25 | 79.00 | (36400) |
| 460 | 3660220 | iShares iBoxx HighYield, Put | RJA | 7/18/25 | 105.00 | (32200) |
| 200 | 199400 | Warner Bros. Discovery Inc., Call | RJA | 7/18/25 | 10.00 | (13800) |
|  |  | **TOTAL OPTIONS CONTRACTS WRITTEN** |  |  |  |  |
|  |  | **(Premiums received — $100,934)** |  |  |  | $**(86430)** |

---

At May 31, 2025, Destinations Global Fixed Income Opportunities Fund had open forward foreign currency contracts as described below.

The unrealized appreciation/(depreciation) on the open contracts were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local**<br> **Currency** | **Market**<br> **Value** | **Settlement<br> Date** | **Unrealized<br> Appreciation** | **Unrealized<br> (Depreciation)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Contracts to Buy:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;British Pound | 1293576 BBH | $1743101 | 6/12/25 | $33513 | $&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;– | $33513 |
| &nbsp;&nbsp;&nbsp;Euro | 3949929 BBH | 4487576 | 6/12/25 | 92092 |  | 92092 |
| &nbsp;&nbsp;&nbsp;Euro | 1191978 BBH | 1354224 | 6/12/25 | 27791 |  | 27791 |
| &nbsp;&nbsp;&nbsp;Norwegian Krone | 10400000 BBH | 1018977 | 7/15/25 | 8759 | – | 8759 |
|  |  |  |  | $162155 | $– | $162155 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Global Fixed Income Opportunities Fund (concluded)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local**<br> **Currency** | **Market**<br> **Value** | **Settlement<br> Date** | **Unrealized<br> Appreciation** | **Unrealized<br> (Depreciation)** | <br>**Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Contracts to Sell:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;British Pound | 22607944 BBH | $30464329 | 6/12/25 | $– | $(594329) | $(594329) |
| &nbsp;&nbsp;&nbsp;British Pound | 1190885 BBH | 1604723 | 6/12/25 |  | (27427) | (27427) |
| &nbsp;&nbsp;&nbsp;British Pound | 928000 BBH | 1250485 | 6/12/25 |  | (2636) | (2636) |
| &nbsp;&nbsp;&nbsp;Euro | 52451792 BBH | 59591308 | 6/12/25 |  | (1195573) | (1195573) |
| &nbsp;&nbsp;&nbsp;Euro | 2697558 BBH | 3064738 | 6/12/25 |  | (56664) | (56664) |
| &nbsp;&nbsp;&nbsp;Euro | 276742 BBH | 314411 | 6/12/25 |  | (4115) | (4115) |
| &nbsp;&nbsp;&nbsp;Euro | 1204000 BBH | 1367883 | 6/12/25 |  | (12174) | (12174) |
| &nbsp;&nbsp;&nbsp;Euro | 19000000 BBH | 21634596 | 7/15/25 |  | (405326) | (405326) |
| &nbsp;&nbsp;&nbsp;Norwegian Krone | 37000000 BBH | 3625207 | 7/15/25 |  | (73740) | (73740) |
| &nbsp;&nbsp;&nbsp;Swedish Krona | 11642000 BBH | 1215056 | 6/12/25 | 14029 |  | 14029 |
| &nbsp;&nbsp;&nbsp;Swedish Krona | 52630000 BBH | 5504413 | 7/15/25 | – | (99207) | (99207) |
|  |  |  |  | $14029 | $(2471191) | $(2457162) |
| Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts |  |  | $176184 | $(2471191) | $(2295007) |

---

---

| | | |
|:---|:---|:---|
| Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: |
| EUR | **—** | Euro |
| GBP | **—** | British Pound |
| NOK | **—** | Norwegian Krone |
| SEK | **—** | Swedish Krona |

---

---

| | | |
|:---|:---|:---|
| Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: |
| BBH | **—** | Brown Brothers Harriman & Co. |
| RJA | **—** | Raymond James &Associates |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Multi Strategy Alternatives Fund**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 24.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 24.2%** |  |
| **Mortgage Securities - 24.2%** | **Mortgage Securities - 24.2%** |  |
| $1188795 | Adjustable Rate Mortgage Trust, Series 2005-2, Class 6M2, 5.419% (1-Month TSFR + 1.094%) due 6/25/35<sup>(a)</sup> | $1183399 |
| 5400000 | BBCMS Mortgage Trust, Series 2023-C19, Class A2A, 5.756% due 4/15/56 | 5485538 |
| 365540 | Bear Stearns ALT-A Trust, Series 2006-8, Class 3A1, 4.759% (1-Month TSFR + 0.434%) due 2/25/34<sup>(a)</sup> | 343275 |
| 2000000 | Benchmark Mortgage Trust, Series 2023-B38, Class A2, 5.626% due 4/15/56 | 2038693 |
| 5890000 | Citigroup Commercial Mortgage Trust, Series 2015-GC35, Class AS, 4.072% due 11/10/48<sup>(a)</sup> | 5617412 |
| 976000 | Commercial Mortgage Trust, Series 2015-LC23, Class A4, 3.774% due 10/10/48 | 970449 |
| 8200000 | Connecticut Avenue Securities Trust, Series 2019-HRP1, Class B1, 13.686% (SOFR30A + 9.364%) due 11/25/39<sup>(a)(b)</sup> | 8889722 |
| 3092993 | Deutsche Alternative-A Securities Mortgage Loan Trust, Series 2007-OA5, Class A1A, 4.839% (1-Month TSFR + 0.514%) due 8/25/47<sup>(a)</sup> | 2891818 |
|  | Federal National Mortgage Association (FNMA), Connecticut Avenue Securities: |  |
| 3379105 | &nbsp;&nbsp;Series 2016-C02, Class 1B, 16.686% (SOFR30A + 12.364%) due 9/25/28<sup>@(a)</sup> | 3642669 |
| 1329657 | &nbsp;&nbsp;Series 2016-C03, Class 2M2, 10.336% (SOFR30A + 6.014%) due 10/25/28<sup>@(a)</sup> | 1367291 |
| 1254974 | &nbsp;&nbsp;Series 2016-C04, Class 1B, 14.686% (SOFR30A + 10.364%) due 1/25/29<sup>@(a)</sup> | 1362960 |
| 4622082 | &nbsp;&nbsp;Series 2016-C06, Class 1B, 13.686% (SOFR30A + 9.364%) due 4/25/29<sup>@(a)</sup> | 5030419 |
| 2091443 | FNBA Mortgage Loan Trust, Series 2004-AR1, Class M2, 6.091% (1-Month TSFR + 1.764%) due 8/19/34<sup>(a)</sup> | 2254611 |
|  | Freddie Mac STACR REMIC Trust: |  |
| 5438000 | &nbsp;&nbsp;Series 2020-DNA1, Class B2, 9.686% (SOFR30A + 5.364%) due 1/25/50<sup>(a)(b)</sup> | 5964004 |
| 3780000 | &nbsp;&nbsp;Series 2020-DNA5, Class B2, 15.822% (SOFR30A + 11.500%) due 10/25/50<sup>(a)(b)</sup> | 5269205 |
| 1500000 | &nbsp;&nbsp;Series 2020-DNA6, Class B2, 9.972% (SOFR30A + 5.650%) due 12/25/50<sup>(a)(b)</sup> | 1698746 |
| 1280000 | &nbsp;&nbsp;Series 2020-HQA3, Class B2, 14.436% (SOFR30A + 10.114%) due 7/25/50<sup>(a)(b)</sup> | 1681846 |
| 1260000 | &nbsp;&nbsp;Series 2020-HQA4, Class B2, 13.836% (SOFR30A + 9.514%) due 9/25/50<sup>(a)(b)</sup> | 1625514 |
|  | Freddie Mac STACR Trust: |  |
| 5000000 | &nbsp;&nbsp;Series 2019-DNA2, Class B2, 14.936% (SOFR30A + 10.614%) due 3/25/49<sup>(a)(b)</sup> | 5932794 |
| 4870000 | &nbsp;&nbsp;Series 2019-DNA3, Class B2, 12.586% (SOFR30A + 8.264%) due 7/25/49<sup>(a)(b)</sup> | 5554445 |
| 4130753 | &nbsp;&nbsp;Series 2019-DNA4, Class B2, 10.686% (SOFR30A + 6.364%) due 10/25/49<sup>(a)(b)</sup> | 4601996 |
| 5800000 | &nbsp;&nbsp;Series 2019-FTR1, Class B2, 12.786% (SOFR30A + 8.464%) due 1/25/48<sup>(a)(b)</sup> | 6917377 |
| 4030000 | &nbsp;&nbsp;Series 2019-HQA1, Class B2, 16.686% (SOFR30A + 12.364%) due 2/25/49<sup>(a)(b)</sup> | 4992337 |
| 3100000 | &nbsp;&nbsp;Series 2019-HRP1, Class B1, 8.486% (SOFR30A + 4.164%) due 2/25/49<sup>(a)(b)</sup> | 3375750 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes: |  |
| 4422485 | &nbsp;&nbsp;Series 2015-DNA2, Class B, 11.986% (SOFR30A + 7.664%) due 12/25/27<sup>(a)</sup> | 4437184 |
| 1905208 | &nbsp;&nbsp;Series 2016-DNA1, Class B, 14.436% (SOFR30A + 10.114%) due 7/25/28<sup>(a)</sup> | 2003691 |
| 4290000 | &nbsp;&nbsp;Series 2017-HQA3, Class B1, 8.886% (SOFR30A + 4.564%) due 4/25/30<sup>@(a)</sup> | 4633844 |
| 2839593 | IndyMac INDX Mortgage Loan Trust, Series 2006-FLX1, Class A1, 4.859% (1-Month TSFR + 0.534%) due 11/25/36<sup>(a)</sup> | 2678439 |
| 7000000 | JPMBB Commercial Mortgage Securities Trust, Series 2015-C32, Class AS, 3.984% due 11/15/48 | 6849715 |
|  | STACR Trust: |  |
| 3459233 | &nbsp;&nbsp;Series 2018-HRP1, Class B1, 8.186% (SOFR30A + 3.864%) due 4/25/43<sup>(a)(b)</sup> | 3566964 |
| 4690416 | &nbsp;&nbsp;Series 2018-HRP1, Class B2, 16.186% (SOFR30A + 11.864%) due 5/25/43<sup>(a)(b)</sup> | 5687249 |
| 7249580 | Wells Fargo Commercial Mortgage Trust, Series 2015-SG1, Class A4, 3.789% due 9/15/48 | 7223555 |
| 2456415 | WFRBS Commercial Mortgage Trust, Series 2014-C22, Class AS, 4.069% due 9/15/57<sup>(a)</sup> | 2327183 |
|  | Total Mortgage Securities | 128100094 |
|  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** |  |
|  | (Cost - $121,544,901) | **128100094** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - 17.9%** | **ASSET-BACKED SECURITIES - 17.9%** |  |
| **Automobile ABS - 6.7%** | **Automobile ABS - 6.7%** |  |
| $5000000 | BMW Vehicle Owner Trust, Series 2025-A, Class A2A, 4.430% due 10/25/27 | $4994871 |
| 3320000 | Carmax Auto Owner Trust, Series 2025-1, Class A2A, 4.630% due 3/15/28 | 3319037 |
| 1728609 | CarMax Auto Owner Trust, Series 2024-1, Class A2A, 5.300% due 3/15/27 | 1730747 |
| 2378484 | Exeter Automobile Receivables Trust, Series 2023-5A, Class B, 6.580% due 4/17/28 | 2392846 |
| 2483896 | Ford Credit Auto Owner Trust, Series 2023-B, Class A3, 5.230% due 5/15/28 | 2496051 |
|  | GM Financial Consumer Automobile Receivables Trust: |  |
| 3488079 | &nbsp;&nbsp;Series 2023-1, Class A3, 4.660% due 2/16/28 | 3488528 |
| 2890000 | &nbsp;&nbsp;Series 2025-1, Class A2A, 4.440% due 1/18/28 | 2887223 |
| 4224590 | Hyundai Auto Receivables Trust, Series 2023-B, Class A3, 5.480% due 4/17/28 | 4250974 |
|  | Santander Drive Auto Receivables Trust: |  |
| 1331466 | &nbsp;&nbsp;Series 2022-2, Class B, 3.440% due 9/15/27 | 1329655 |
| 662396 | &nbsp;&nbsp;Series 2024-2, Class A2, 5.800% due 9/15/27 | 663052 |
| 5410000 | Toyota Auto Receivables Owner Trust, Series 2022-A, Class A4, 1.540% due 5/17/27 | 5335889 |
| 2380000 | World Omni Auto Receivables Trust, Series 2025-A, Class A2A, 4.490% due 4/17/28 | 2379494 |
|  | Total Automobile ABS | 35268367 |
| **Home Equity ABS - 6.0%** | **Home Equity ABS - 6.0%** |  |
| 857005 | Aames Mortgage Investment Trust, Series 2005-4, Class M3, 5.219% (1-Month TSFR + 0.894%) due 10/25/35<sup>(a)</sup> | 849019 |
| 3370213 | ABFC Trust, Series 2003-OPT1, Class A3, 5.119% (1-Month TSFR + 0.794%) due 4/25/33<sup>(a)</sup> | 3264105 |
| 2430000 | Accredited Mortgage Loan Trust, Series 2006-2, Class M1, 4.709% (1-Month TSFR + 0.384%) due 9/25/36<sup>(a)</sup> | 2306515 |
| 700612 | Asset Backed Securities Corp. Home Equity Loan Trust, Series 2007-HE1, Class A4, 3.562% (1-Month TSFR + 0.394%) due 12/25/36<sup>(a)</sup> | 688168 |
| 1534855 | Carrington Mortgage Loan Trust, Series 2006-NC3, Class A3, 4.739% (1-Month TSFR + 0.414%) due 8/25/36<sup>(a)</sup> | 1476224 |
| 1580959 | CHEC Loan Trust, Series 2004-1, Class A3, 5.439% (1-Month TSFR + 1.114%) due 7/25/34<sup>(a)(b)</sup> | 1549296 |
| 1209796 | Ellington Loan Acquisition Trust, Series 2007-1, Class A1, 5.539% (1-Month TSFR + 1.214%) due 5/25/37<sup>(a)(b)</sup> | 1180468 |
| 2239720 | EquiFirst Mortgage Loan Trust, Series 2003-2, Class 1A1, 5.568% (1-Month TSFR + 1.239%) due 9/25/33<sup>(a)</sup> | 2226477 |
| 3546311 | Fremont Home Loan Trust, Series 2003-A, Class M1, 5.414% (1-Month TSFR + 1.089%) due 8/25/33<sup>(a)</sup> | 3788443 |
| 1330432 | Mastr Asset Backed Securities Trust, Series 2004-WMC1, Class M1, 5.219% (1-Month TSFR + 0.894%) due 2/25/34<sup>(a)</sup> | 1453710 |
|  | Merrill Lynch Mortgage Investors Trust: |  |
| 91535 | &nbsp;&nbsp;Series 2005-FM1, Class M1, 5.159% (1-Month TSFR + 0.834%) due 5/25/36<sup>(a)</sup> | 91144 |
| 1151202 | &nbsp;&nbsp;Series 2006-OPT1, Class A2C, 4.739% (1-Month TSFR + 0.414%) due 8/25/37<sup>(a)</sup> | 1093045 |
| 152240 | NovaStar Mortgage Funding Trust, Series 2006-1, Class A2C, 4.759% (1-Month TSFR + 0.434%) due 5/25/36<sup>(a)</sup> | 151656 |
|  | Park Place Securities Inc. Asset-Backed Pass-Through Certificates: |  |
| 3600000 | &nbsp;&nbsp;Series 2005-WCH1, Class M5, 5.759% (1-Month TSFR + 1.434%) due 1/25/36<sup>(a)</sup> | 3436911 |
| 57400 | &nbsp;&nbsp;Series 2005-WCW2, Class M2, 5.234% (1-Month TSFR + 0.909%) due 7/25/35<sup>(a)</sup> | 57332 |
| 2430493 | Structured Asset Investment Loan Trust, Series 2004-2, Class A4, 5.144% (1-Month TSFR + 0.819%) due 3/25/34<sup>(a)</sup> | 2506654 |
|  | Structured Asset Securities Corp. Mortgage Loan Trust: |  |
| 2600000 | &nbsp;&nbsp;Series 2005-WF4, Class M8, 7.064% (1-Month TSFR + 2.739%) due 11/25/35<sup>(a)</sup> | 2546483 |
| 79829 | &nbsp;&nbsp;Series 2006-BC6, Class A4, 4.609% (1-Month TSFR + 0.284%) due 1/25/37<sup>(a)</sup> | 79616 |
| 134045 | &nbsp;&nbsp;Series 2006-GEL1, Class M2, 5.639% (1-Month TSFR + 1.314%) due 11/25/35<sup>(a)(b)</sup> | 133710 |
| 490095 | &nbsp;&nbsp;Series 2007-BC3, Class 2A3, 4.619% (1-Month TSFR + 0.294%) due 5/25/47<sup>(a)</sup> | 478255 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - (continued)** | **ASSET-BACKED SECURITIES - (continued)** |  |
| **Home Equity ABS - (continued)** | **Home Equity ABS - (continued)** |  |
| 2465000 | Terwin Mortgage Trust, Series 2006-7, Class 1A2C, 4.979% (1-Month TSFR + 0.654%) due 7/25/37<sup>(a)(b)</sup> | $2183954 |
|  | Total Home Equity ABS | 31541185 |
| **Other ABS - 4.4%** | **Other ABS - 4.4%** |  |
| 5000000 | Anchorage Capital CLO 18 Ltd., Series 2021-18A, Class A1, 5.668% (3-Month TSFR + 1.412%) due 4/15/34<sup>(a)(b)</sup> | 5010215 |
| 13505000 | Barings CLO Ltd., Series 2021-1A, Class B, 5.943% (3-Month TSFR + 1.662%) due 4/25/34<sup>(a)(b)</sup> | 13457781 |
| 380000 | Steele Creek CLO Ltd., Series 2016-1A, Class ER, 10.311% (3-Month TSFR + 6.012%) due 6/15/31<sup>(a)(b)</sup> | 324328 |
| 1032682 | Venture XVIII CLO Ltd., Series 2014-18A, Class ER, 11.108% (3-Month TSFR + 6.852%) due 10/15/29<sup>(a)(b)</sup> | 593878 |
| 1291000 | Vibrant CLO VIII Ltd., Series 2018-8A, Class A1B, 5.781% (3-Month TSFR + 1.512%) due 1/20/31<sup>(a)(b)</sup> | 1291062 |
| 2850000 | Wellfleet CLO Ltd., Series 2019-1A, Class A2R, 6.331% (3-Month TSFR + 2.062%) due 7/20/32<sup>(a)(b)</sup> | 2851787 |
|  | Total Other ABS | 23529051 |
| **WL Collateral CMO - 0.8%** | **WL Collateral CMO - 0.8%** |  |
| 1933289 | Ramp Trust, Series 2004-RS8, Class MII2, 5.242% (1-Month TSFR + 1.264%) due 8/25/34<sup>(a)</sup> | 1940078 |
| 2071722 | Specialty Underwriting & Residential Finance Trust, Series 2004-BC1, Class M1, 5.204% (1-Month TSFR + 0.879%) due 2/25/35<sup>(a)</sup> | 2132484 |
|  | Total WL Collateral CMO | 4072562 |
|  | **TOTAL ASSET-BACKED SECURITIES** |  |
|  | (Cost - $93,974,974) | **94411165** |
| **CORPORATE BONDS & NOTES - 9.4%** | **CORPORATE BONDS & NOTES - 9.4%** |  |
| **Consumer Cyclical - 0.4%** | **Consumer Cyclical - 0.4%** |  |
| 2388000 | Six Flags Entertainment Corp., Senior Secured Notes, 7.000% due 7/1/25<sup>(b)</sup> | 2390331 |
| **Financial - 2.6%** | **Financial - 2.6%** |  |
| 8018000 | Genworth Holdings Inc., Company Guaranteed Notes, 6.590% (3-Month TSFR + 2.264%) due 11/15/36<sup>(a)</sup> | 6632244 |
| 1310000 | Huntington Capital Trust II, Limited Guaranteed Notes, 5.186% (3-Month TSFR + 0.887%) due 6/15/28<sup>(a)</sup> | 1243112 |
| 5710000 | Service Properties Trust, Senior Secured Notes, 8.625% due 11/15/31<sup>(b)</sup> | 6081384 |
|  | Total Financial | 13956740 |
| **Industrial - 1.7%** | **Industrial - 1.7%** |  |
| 8665000 | Danaos Corp., Senior Unsecured Notes, 8.500% due 3/1/28<sup>(b)(c)</sup> | 8874858 |
| **Technology - 1.1%** | **Technology - 1.1%** |  |
| 4818000 | Hewlett Packard Enterprise Co., Senior Unsecured Notes, 5.600% due 10/15/54 | 4496635 |
| 1153000 | NCR Atleos Corp., Senior Secured Notes, 9.500% due 4/1/29<sup>(b)</sup> | 1259445 |
|  | Total Technology | 5756080 |
| **Utilities - 3.6%** | **Utilities - 3.6%** |  |
| 6965420 | NRG Energy Inc., Junior Subordinated Notes, 10.250% (5-Year CMT Index + 5.920%)<sup>(a)(b)(d)</sup> | 7669373 |
| 11154000 | Vistra Corp., Junior Subordinated Notes, 7.000% (5-Year CMT Index + 5.740%)<sup>(a)(b)(c)(d)</sup> | 11314339 |
|  | Total Utilities | 18983712 |
|  | **TOTAL CORPORATE BONDS & NOTES** |  |
|  | (Cost - $47,872,573) | **49961721** |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Face<br> Amount/Units** | **Security** | **Value** |
| **SENIOR LOANS<sup>(a)</sup> - 2.2%** | **SENIOR LOANS<sup>(a)</sup> - 2.2%** |  |
| **United States - 2.2%** | **United States - 2.2%** |  |
| $3546600 | Crown Finance US Inc., 9.579% (1-Month USD-SOFR + 0.525)% due 12/2/31 | $3547877 |
| 3987865 | Crown Subsea Communications Holding Inc., 8.324% (1-Month USD-SOFR + 0.400)% due 1/30/31 | 4001583 |
| 3975915 | Recess Holdings Inc., 8.025% (3-Month USD-SOFR + 0.375)% due 2/20/30 | 3972933 |
|  | Total United States | 11522393 |
|  | **TOTAL SENIOR LOANS** |  |
|  | (Cost - $11,521,863) | **11522393** |
| **Shares/Units** |  |  |
| **COMMON STOCKS - 18.6%** | **COMMON STOCKS - 18.6%** |  |
| **COMMUNICATIONS - 0.2%** | **COMMUNICATIONS - 0.2%** |  |
| **Telecommunications - 0.2%** | **Telecommunications - 0.2%** |  |
| 24083 | Juniper Networks Inc. | 865302 |
| **CONSUMER CYCLICAL - 2.4%** | **CONSUMER CYCLICAL - 2.4%** |  |
| **Entertainment - 1.3%** | **Entertainment - 1.3%** |  |
| 144905 | Golden Entertainment Inc. | 4134139 |
| 161554 | Penn Entertainment Inc.<sup>\*</sup> | 2395846 |
|  | Total Entertainment | 6529985 |
| **Leisure Time - 0.5%** | **Leisure Time - 0.5%** |  |
| 320268 | Lucky Strike Entertainment Corp.<sup>(e)</sup> | 2763913 |
| **Retail - 0.6%** | **Retail - 0.6%** |  |
| 185162 | QXO Inc.<sup>@</sup> | 3147754 |
|  | **TOTAL CONSUMER CYCLICAL** | **12441652** |
| **CONSUMER NON-CYCLICAL - 5.6%** | **CONSUMER NON-CYCLICAL - 5.6%** |  |
| **Biotechnology - 3.8%** | **Biotechnology - 3.8%** |  |
| 37200 | Apogee Therapeutics Inc.<sup>\*</sup> | 1363008 |
| 207221 | Crinetics Pharmaceuticals Inc.<sup>\*</sup> | 6322313 |
| 204085 | Septerna Inc.<sup>\*(e)</sup> | 1887786 |
| 228407 | Viridian Therapeutics Inc.<sup>\*</sup> | 3179425 |
| 249562 | Xenon Pharmaceuticals Inc.<sup>\*</sup> | 7199864 |
|  | Total Biotechnology | 19952396 |
| **Commercial Services - 1.7%** | **Commercial Services - 1.7%** |  |
| 72946 | GXO Logistics Inc.<sup>\*</sup> | 3000999 |
| 227395 | WillScot Holdings Corp. | 6128295 |
|  | Total Commercial Services | 9129294 |
| **Healthcare-Products - 0.1%** | **Healthcare-Products - 0.1%** |  |
| 17331 | Beta Bionics Inc.<sup>\*</sup> | 298786 |
|  | **TOTAL CONSUMER NON-CYCLICAL** | **29380476** |
| **DIVERSIFIED - 6.8%** | **DIVERSIFIED - 6.8%** |  |
| **SPACs - 6.8%** | **SPACs - 6.8%** |  |
| 406488 | Archimedes Tech SPAC Partners II Co.<sup>\*</sup> | 4109594 |
| 91525 | Armada Acquisition Corp. II<sup>\*</sup> | 917538 |
| 267238 | Berto Acquisition Corp.<sup>\*</sup> | 2739189 |
| 584753 | Bold Eagle Acquisition Corp., Class A Shares<sup>\*</sup> | 6063888 |
| 59292 | Churchill Capital Corp. X<sup>\*</sup> | 612783 |
| 118609 | Columbus Circle Capital Corp. I<sup>\*</sup> | 1197951 |
| 482000 | Dynamix Corp.<sup>\*(f)</sup> | 4844100 |
| 213051 | Gesher Acquisition Corp. II, Class A Shares<sup>\*</sup> | 2134771 |
| 558402 | K&F Growth Acquisition Corp. II, Class A Shares<sup>\*</sup> | 5611940 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **DIVERSIFIED - (continued)** | **DIVERSIFIED - (continued)** |  |
| **SPACs - (continued)** | **SPACs - (continued)** |  |
| 265063 | NewHold Investment Corp. III, Class A Shares<sup>\*</sup> | $2658582 |
| 479838 | Oaktree Acquisition Corp. III Life Sciences, Class A Shares<sup>\*</sup> | 5009509 |
|  | Total SPACs | 35899845 |
|  | **TOTAL DIVERSIFIED** | **35899845** |
| **FINANCIAL - 2.7%** | **FINANCIAL - 2.7%** |  |
| **Banks - 1.4%** | **Banks - 1.4%** |  |
| 801954 | Blue Foundry Bancorp<sup>\*</sup> | 7265703 |
| **Investment Companies - 1.3%** | **Investment Companies - 1.3%** |  |
| 384038 | Cannae Holdings Inc. | 7162309 |
|  | **TOTAL FINANCIAL** | **14428012** |
| **INDUSTRIAL - 0.9%** | **INDUSTRIAL - 0.9%** |  |
| **Metal Fabricate/Hardware - 0.9%** | **Metal Fabricate/Hardware - 0.9%** |  |
| 658377 | Hillman Solutions Corp.<sup>\*</sup> | 4766650 |
| **TECHNOLOGY - 0.0%** | **TECHNOLOGY - 0.0%** |  |
| **Software - 0.0%** | **Software - 0.0%** |  |
| 15831 | QXO Inc.<sup>\*(f)</sup> | 269127 |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost - $102,073,192) | **98051064** |
| **OPEN-END FUND - 9.9%** | **OPEN-END FUND - 9.9%** |  |
| 4563494 | JPMorgan Strategic Income Opportunities Fund, Class R6 Shares |  |
|  | (Cost - $51,926,187) | 52297636 |
| **PREFERRED STOCK - 1.4%** | **PREFERRED STOCK - 1.4%** |  |
| **CONSUMER CYCLICAL - 1.4%** | **CONSUMER CYCLICAL - 1.4%** |  |
| **Distribution/Wholesale - 1.4%** | **Distribution/Wholesale - 1.4%** |  |
| 292290 | WESCO International Inc., 10.625% (5-Year CMT Index + 10.325%)<sup>(a)(d)</sup> |  |
|  | (Cost - $7,856,063) | 7459241 |
| **CONVERTIBLE PREFERRED STOCK - 0.3%** | **CONVERTIBLE PREFERRED STOCK - 0.3%** |  |
| **CONSUMER CYCLICAL - 0.3%** | **CONSUMER CYCLICAL - 0.3%** |  |
| **Retail - 0.3%** | **Retail - 0.3%** |  |
| 30565 | QXO Inc., 5.500%<sup>\*</sup> |  |
|  | (Cost - $1,528,250) | 1575626 |
| **WARRANTS - 0.1%** | **WARRANTS - 0.1%** |  |
| **DIVERSIFIED - 0.1%** | **DIVERSIFIED - 0.1%** |  |
| **SPACs - 0.1%** | **SPACs - 0.1%** |  |
| 203244 | Archimedes Tech SPAC Partners II Co.<sup>\*(f)</sup> | 52843 |
| 468723 | Bridger Aerospace Group Holdings Inc.<sup>\*(f)</sup> | 30420 |
| 556875 | Calidi Biotherapeutics Inc.<sup>\*(f)</sup> | 3063 |
| 6864 | Churchill Capital Corp. IX<sup>\*(f)</sup> | 6933 |
| 241000 | Dynamix Corp.<sup>\*(f)</sup> | 83868 |
| 106525 | Gesher Acquisition Corp. II<sup>\*(f)</sup> | 24511 |
| 146171 | Haymaker Acquisition Corp. 4<sup>\*(f)</sup> | 38005 |
| 131807 | Inspirato Inc.<sup>\*(f)</sup> | 1331 |
| 132531 | NewHold Investment Corp. III<sup>\*(f)</sup> | 31808 |
| 100093 | Oaktree Acquisition Corp. III Life Sciences<sup>\*(f)</sup> | 90965 |
| 358816 | Pagaya Technologies Ltd.<sup>\*(f)</sup> | 58092 |
| 88320 | Revolution Medicines Inc.<sup>\*(f)</sup> | 9335 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **WARRANTS - (continued)** | **WARRANTS - (continued)** | **WARRANTS - (continued)** |
| **DIVERSIFIED - (continued)** | **DIVERSIFIED - (continued)** | **DIVERSIFIED - (continued)** |
| **SPACs - (continued)** | **SPACs - (continued)** |  |
| 77310 | SomaLogic Inc.<sup>\*(f)</sup> | $7808 |
|  | Total SPACs | 438982 |
|  | **TOTAL DIVERSIFIED** | **438982** |
|  | **TOTAL WARRANTS** |  |
|  | (Cost - $1,603,438) | **438982** |
| **RIGHTS - 0.0%** | **RIGHTS - 0.0%** |  |
| 667287 | Bold Eagle Acquisition Corp.<sup>\*(f)</sup> | 189509 |
| 611174 | K&F Growth Acquisition Corp. II<sup>\*(f)</sup> | 77436 |
|  | **TOTAL RIGHTS** |  |
|  | (Cost - $232,028) | **266945** |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS** |  |
|  | (Cost - $440,133,469) | **444084867** |

---

---

| | | |
|:---|:---|:---|
| **Face Amount** |  |  |
| **SHORT-TERM INVESTMENTS - 12.9%** | **SHORT-TERM INVESTMENTS - 12.9%** |  |
| **TIME DEPOSITS - 12.9%** | **TIME DEPOSITS - 12.9%** |  |
| $30956320 | Citibank - New York, 3.680% due 6/2/25 | 30956320 |
| 37163607 | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 37163607 |
| 2 | Skandinaviska Enskilda Banken AB - Stockholm, 3.680% due 6/2/25 | 2 |
|  | **TOTAL TIME DEPOSITS** |  |
|  | (Cost - $68,119,929) | **68119929** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  |  |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.9%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.9%** |  |
| **MONEY MARKET FUND - 0.9%** | **MONEY MARKET FUND - 0.9%** |  |
| 4805861 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(g)</sup> |  |
|  | (Cost - $4,805,861) | 4805861 |
|  | **TOTAL INVESTMENTS - 97.8%** |  |
|  | (Cost - $513,059,259) | **517010657** |
|  | Other Assets in Excess of Liabilities - 2.2% | 11534816 |
|  | **TOTAL NET ASSETS - 100.0%** | $**528545473** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| (a) | Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2025. |
| (b) | Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025, amounts to $131,924,158 and represents 24.96% of net assets. |
| (c) | All or a portion of this security is pledged by the Fund as collateral for short sales or derivative transactions. |
| (d) | Security is perpetual in nature and has no stated maturity date. |
| (e) | All or a portion of this security is on loan. |
| (f) | Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $5,819,154 and represents 1.10% of net assets. |
| (g) | Represents investment of collateral received from securities lending transactions. |
| @ | Restricted security – Investment in security not registered under the Securities Act of 1933. The investment is deemed to not be liquid and may be sold only to qualified buyers.<br>|

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **First <br> Acquisition <br> Date** | **First <br> Acquisition <br> Cost** | **Market<br> Value** | **Percent of<br> Net Assets** |
| Federal National Mortgage Association (FNMA), Connecticut Avenue Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Series 2016-C02, Class 1B, 16.686% (SOFR30A + 12.364%) due 9/25/28 | 8/10/2021 | $537977 | $3642669 | 0.69% |
| &nbsp;&nbsp;&nbsp;Series 2016-C03, Class 2M2, 10.336% (SOFR30A + 6.014%) due 10/25/28 | 3/17/2020 | 2941204 | 1367291 | 0.26% |
| &nbsp;&nbsp;&nbsp;Series 2016-C04, Class 1B, 14.686% (SOFR30A + 10.364%) due 1/25/29 | 4/13/2022 | 1355446 | 1362960 | 0.26% |
| &nbsp;&nbsp;&nbsp;Series 2016-C06, Class 1B, 13.686% (SOFR30A + 9.364%) due 4/25/29 | 3/11/2022 | 2850909 | 5030419 | 0.95% |
| Freddie Mac Structured Agency Credit Risk Debt Notes, Series 2017-HQA3, Class B1, 8.886% (SOFR30A + 4.564%) due 4/25/30 | 4/29/2021 | 4504500 | 4633844 | 0.88% |
| QXO Inc. | 5/22/2025 | 3055173 | 3147754 | 0.60% |
|  |  |  | $**19184937** | **3.64%** |

---

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| CLO | **—** | Collateralized Loan Obligation |
| CMT | **—** | Constant Maturity Treasury Index |
| REMIC | **—** | Real Estate Mortgage Investment Conduit |
| SOFR | **—** | Secured Overnight Financing Rate |
| SPACs | **—** | Special Purpose Acquisition Companies |
| TSFR | **—** | CME Term SOFR Reference Rate |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)** 

**Destinations Multi Strategy Alternatives Fund (concluded)**

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
| Collateralized Mortgage Obligations | 24.8% |
| Common Stocks | 19.0 |
| Asset-Backed Securities | 18.2 |
| Open-End Fund | 10.1 |
| Corporate Bonds & Notes | 9.7 |
| Senior Loans | 2.2 |
| Preferred Stock | 1.4 |
| Convertible Preferred Stock | 0.3 |
| Warrants | 0.1 |
| Rights | 0.1 |
| Short-Term Investments | 13.2 |
| Money Market Fund | 0.9 |
|  | 100.0% |

---

^ As a percentage of total investments.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **OTC Total Return Swaps** | **OTC Total Return Swaps** | **OTC Total Return Swaps** | **OTC Total Return Swaps** | **OTC Total Return Swaps** | **OTC Total Return Swaps** | **OTC Total Return Swaps** | **OTC Total Return Swaps** |
| **Currency** | **Notional<br> Amount** | **Maturity**<br> **Date** | **Counterparty** | **Payment<br> Frequency** | **Pay** | **Receive** | **Unrealized<br> Appreciation/**<br> **(Depreciation)** |
| USD | 13686938 | 8/5/2025 | GSC | 3-month | USD-Federal Funds-H.15 | GSUCDHY1 Basket\* | $(119232) |
| USD | 2018964 | 5/14/2025 | MSCS | 1-Month | USD-Federal Funds-H.15 | KRE U.S. Equity | 87604 |
| USD | 2334900 | 2/11/2026 | GSC | 1-Month | USD-Federal Funds-H.15 | GSCBDNYB Basket\*\* | 107692 |
|  |  |  |  |  |  |  | $**76064** |

---

\* GSUCDHY1 Basket consists of a portfolio of:

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Shares** | **Value as of**<br> **May 31,**<br> **2025** | **% of the Basket** |
| Absury Automotive Group Inc. | 463218 | $3975 | 4% |
| Ardagh Metal Packaging Finance USA LLC | 463218 | 3975 | 4% |
| Aramark Services Inc. | 463218 | 3975 | 4% |
| Ball Corporation | 463218 | 3975 | 4% |
| Bath & BodyWorks Inc. | 463218 | 3975 | 4% |
| 1011778 B.C. Unlimited Liability Company | 463218 | 3975 | 4% |
| Builders FirstSource Inc. | 463218 | 3975 | 4% |
| Standard Building Solutions Inc. | 463218 | 3975 | 4% |
| Mauser Packaging Solutions Holding Company | 463218 | 3975 | 4% |
| Carnival Corp. | 463218 | 3975 | 4% |
| Emerald Debt Merger Sub LLC | 463218 | 3975 | 3% |
| Fertitta Entertainment LLC | 463218 | 3975 | 3% |
| GFL Environment Inc. | 463218 | 3974 | 3% |
| Chart Industries Inc. | 463218 | 3974 | 3% |
| Hilton Domestic Operating Company Inc. | 463218 | 3974 | 3% |
| Imola Merger Corp. | 463218 | 3974 | 3% |
| Las Vegas Sands Corp. | 463218 | 3974 | 3% |
| MGM Resorts International | 463218 | 3974 | 3% |
| NCL Corporation Ltd. | 463218 | 3974 | 3% |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Multi Strategy Alternatives Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Security** | **Shares** | <br>**Value as of**<br> **May 31,**<br> **2025** | **% of the Basket** |
| PetSmart LLC | 463218 | $3974 | 3% |
| Transocean Inc. | 463218 | 3974 | 3% |
| Rolls-Royce PLC | 463218 | 3974 | 3% |
| Spirit Aerosystems, Inc. | 463218 | 3974 | 3% |
| Sensata Technologies BV | 463218 | 3974 | 3% |
| Transdigm Inc. | 463218 | 3974 | 3% |
| Viking Cruises Ltd. | 463218 | 3974 | 3% |
| Wesco Distribution Inc. | 463218 | 3974 | 3% |
| Weatherford International Ltd. | 463218 | 3974 | 3% |
| Wynn LasVegas, LLC | 463218 | 3974 | 3% |
| Yum! Brands, Inc. | 463218 | 3974 | 3% |
|  |  |  | 100% |

---

\*\* GSCBDNYB Basket consists of a portfolio of:

---

| | |
|:---|:---|
| Valley National Bancorp | 45% |
| Metropolitan Bank Holding Corp. | 15% |
| Dime Community Bancshares Inc. | 14% |
| Amalgamated Financial Corp. | 8% |
| Northfield Bancorp Inc. | 5% |
| First of Long Island Corp. | 4% |
| Flushing Financial Corp. | 4% |
| Peapack-Gladstone Financial Corp. | 4% |
| Bankwell Financial Group Inc. | 1% |
|  | 100% |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Multi Strategy Alternatives Fund (continued)**

At May 31, 2025, Destinations Multi Strategy Alternatives Fund held the following OTC and Centrally Cleared Credit Default Swap Contracts:

**OTC Credit Default Swaps on Corporate and Sovereign Issues - Sell Protection<sup>(1)</sup>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference**<br> **Obligation** | **Fixed Deal<br> Receive**<br> **Rate**  | **Maturity**<br> **Date**  | **Payment<br> Frequency<sup>(2)</sup>** | **Counter**<br> **party** | **Implied Credit**<br> **Spread at**<br> **5/31/25<sup>(3)</sup>**  | **Notional**<br> **Amounts** | **Notional**<br> **Amounts** | **Market Value** | **Upfront**<br> **Premiums<br> Paid/**<br> **(Received)** | **Unrealized<br> Appreciation/ <br> (Depreciation)** |
| CDX.NA.HY.35 | 5.000% | 12/20/25 | 3-month | MSCS | 0.210% | USD | 10000000 | $366309 | $405000 | $(38691) |
| CDX.NA.HY.35 | 5.000% | 12/20/25 | 3-month | MSCS | 0.210% | USD | 10000000 | 369087 | 246500 | 122587 |
| CDX.NA.HY.37 | 5.000% | 12/20/26 | 3-month | GSC | 0.630% | USD | 15000000 | 1150740 | 1228500 | (77760) |
| CDX.NA.HY.39 | 5.000% | 12/20/27 | 3-month | GSC | 1.907% | USD | 20000000 | 1707718 | 1725000 | (17282) |
| CDX.NA.HY.41 | 5.000% | 12/20/28 | 3-month | GSC | 1.106% | USD | 15000000 | 2101483 | 1945500 | 155983 |
| CDX.NA.HY.41 | 5.000% | 12/20/28 | 3-month | MSCS | 1.106% | USD | 30000000 | 4202966 | 1366800 | 2836166 |
| CDX.NA.IG.43 | 1.000% | 12/20/29 | 3-month | GSC | 2.020% | USD | 60000000 | (2398842) | (3560000) | 1161158 |
| CDX.NA.IG.43 | 1.000% | 12/20/29 | 3-month | MSCS | 2.020% | USD | 20000000 | (799614) | (1176000) | 376386 |
|  |  |  |  |  |  |  |  | $**6699847** | $**2181300** | $**4518547** |

---

(1) If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either: (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(2) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or sovereign issues of on emerging country as of period end serve as 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. A credit spread identified as "Defaulted" indicates a credit event has occurred for the referenced entity or obligation.

(3) The maximum potential amount the Fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

---

| | | |
|:---|:---|:---|
| Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: |
| GSC | **—** | Goldman Sachs & Co. |
| MSCS | **—** | Morgan Stanley Capital Services LLC |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Multi Strategy Alternatives Fund (concluded)**

---

| | | |
|:---|:---|:---|
| **Face Amount** | **Security** | **Value** |
| **SECURITIES SOLD SHORT - 0.9%** | **SECURITIES SOLD SHORT - 0.9%** | |
| **CORPORATE BOND & NOTE - 0.2%** | **CORPORATE BOND & NOTE - 0.2%** |  |
| **Financial - 0.2%** |  |  |
| $1086000 | Service Properties Trust, Senior Unsecured Notes, 4.750% due 10/1/26 |  |
|  | (Proceeds - $1,008,368) | $1068861 |
| **U.S. GOVERNMENT AGENCY & OBLIGATION - 0.7%** | **U.S. GOVERNMENT AGENCY & OBLIGATION - 0.7%** |  |
| **U.S. GOVERNMENT OBLIGATION - 0.7%** | **U.S. GOVERNMENT OBLIGATION - 0.7%** |  |
|  | U.S. Treasury Bonds: |  |
| 3980000 | &nbsp;&nbsp;4.500% due 11/15/54 | 3715081 |
|  | **TOTAL U.S. GOVERNMENT OBLIGATION** | **3715081** |
|  | **TOTAL U.S. GOVERNMENT AGENCY & OBLIGATION** |  |
|  | (Proceeds - $3,799,345) | **3715081** |
|  | **TOTAL SECURITIES SOLD SHORT - 0.9%** |  |
|  | (Proceeds - $4,807,713) | $**4783942** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - 94.1%** | **MUNICIPAL BONDS - 94.1%** | **MUNICIPAL BONDS - 94.1%** |  |
| **Alabama - 1.5%** | **Alabama - 1.5%** | **Alabama - 1.5%** |  |
| $1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | County of Jefferson AL, Revenue Bonds, 5.000% due 9/15/35 | $1513629 |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB- | Hoover Industrial Development Board, Revenue Bonds, 5.750% due 10/1/49<sup>(a)</sup> | 1504444 |
| 2540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A2<sup>(b)</sup> | Lower Alabama Gas District, Revenue Bonds, 4.000% due 12/1/50<sup>(c)</sup> | 2534302 |
|  |  | Mobile County Board of School Commissioners, Special Tax: |  |
| 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 3/1/28 | 263548 |
| 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 3/1/29 | 177192 |
| 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 3/1/30 | 181970 |
| 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 3/1/31 | 186885 |
| 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 3/1/32 | 146402 |
| 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 3/1/33 | 216935 |
|  |  | Mobile County Industrial Development Authority, Revenue Bonds: |  |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/1/54<sup>(a)</sup> | 1407214 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;Series B, 4.750% due 12/1/54<sup>(a)</sup> | 901718 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Tuscaloosa County Industrial Development Authority, Revenue Bonds, Series A, 5.250% due 5/1/44<sup>(d)</sup> | 983261 |
|  |  | Total Alabama | 10017500 |
| **Alaska - 0.2%** | **Alaska - 0.2%** | **Alaska - 0.2%** |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Alaska Housing Finance Corp., Revenue Bonds, Series A, 5.000% due 6/1/30 | 1033793 |
| **Arizona - 2.4%** | **Arizona - 2.4%** | **Arizona - 2.4%** |  |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Arizona Department of Transportation State Highway Fund Revenue, Revenue Bonds, 5.000% due 7/1/27 | 2549703 |
| 1695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB- | Arizona Industrial Development Authority, Revenue Bonds, 5.000% due 7/1/49<sup>(d)</sup> | 1496590 |
| 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | City of Glendale AZ Transportation Excise Tax Revenue, Revenue Bonds, AGM-Insured, |  |
|  |  | &nbsp;&nbsp;&nbsp;Series Prerefunded 7/1/25 @ 100, 5.000% due 7/1/26<sup>(e)</sup> | 105150 |
|  |  | City of Glendale AZ, Revenue Bonds: |  |
| 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/29 | 235287 |
| 230000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, Prerefunded 7/1/25 @ 100, 5.000% due 7/1/27<sup>(e)</sup> | 230339 |
| 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, Prerefunded 7/1/25 @ 100, 5.000% due 7/1/28<sup>(e)</sup> | 215317 |
| 6365000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | City of Phoenix Civic Improvement Corp., Revenue Bonds, Series B, 4.000% due 7/1/29 | 6344032 |
|  |  | Maricopa County Industrial Development Authority, Revenue Bonds: |  |
| 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB+ | &nbsp;&nbsp;&nbsp;4.000% due 10/15/47<sup>(a)(d)</sup> | 206789 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A, 6.250% due 7/1/44<sup>(d)</sup> | 1011204 |
| 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 1/1/46<sup>(c)</sup> | 811335 |
| 1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | Maricopa County Special Health Care District, GO, Series D, 4.000% due 7/1/35 | 1357204 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Sierra Vista Industrial Development Authority, Revenue Bonds, 5.750% due 6/15/58<sup>(d)</sup> | 997944 |
|  |  | Total Arizona | 15560894 |
| **Arkansas - 0.6%** | **Arkansas - 0.6%** | **Arkansas - 0.6%** |  |
|  |  | Arkansas Development Finance Authority, Revenue Bonds: |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB- | &nbsp;&nbsp;&nbsp;4.500% due 9/1/49<sup>(a)(d)</sup> | 980048 |
| 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB- | &nbsp;&nbsp;&nbsp;5.700% due 5/1/53<sup>(a)</sup> | 1162257 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | City of Osceola AR, Revenue Bonds, 5.500% due 4/1/36<sup>(a)(c)</sup> | 999858 |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Clarksville Public Educational Facilities Board, Revenue Bonds, Series B, 6.250% due 8/1/49 | 510078 |
|  |  | Total Arkansas | 3652241 |
| **California - 3.3%** | **California - 3.3%** | **California - 3.3%** |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | California Community Housing Agency, Revenue Bonds, Series A2, 4.000% due 2/1/50<sup>(d)</sup> | 741705 |
| 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | California Infrastructure & Economic Development Bank, Revenue Bonds, Series A, 9.500% due 1/1/65<sup>(a)(d)</sup> | 1259280 |
| 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | California Municipal Finance Authority, Revenue Bonds, 6.375% due 6/15/64<sup>(d)</sup> | 312945 |
| 990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | California Public Finance Authority, Revenue Bonds, Series A1, 6.750% due 7/1/65<sup>(d)</sup> | 1027861 |
|  |  | California Statewide Communities Development Authority, Revenue Bonds: |  |
| 2525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;5.500% due 12/1/54 | 2458010 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 12/1/46<sup>(d)</sup> | 946521 |
| 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | City of Los Angeles Department of Airports, Revenue Bonds, 4.000% due 5/15/38<sup>(a)</sup> | 621505 |
| 1105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | CMFA Special Finance Agency VII, Revenue Bonds, Series A1, 3.000% due 8/1/56<sup>(d)</sup> | 718694 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** |  |
| **California - (continued)** | **California - (continued)** | **California - (continued)** | **California - (continued)** |  |
| $| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | CMFA Special Finance Agency, Revenue Bonds, Series A, 4.000% due 12/1/45<sup>(d)</sup> | $759621 |
|  |  |  | CSCDA Community Improvement Authority, Revenue Bonds: |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;3.000% due 6/1/47<sup>(d)</sup> | 1004663 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;3.000% due 12/1/56<sup>(d)</sup> | 648974 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;4.000% due 8/1/56<sup>(d)</sup> | 840730 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Fairfield Community Facilities District, Special Tax, Series A, 5.000% due 9/1/54 | 978363 |
|  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Golden State Tobacco Securitization Corp., Revenue Bonds, Series A1, 5.000% due 6/1/25 | 115000 |
|  | 1260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | Los Angeles Department of Water& Power, Revenue Bonds, Series B, 5.000% due 7/1/34 | 1298670 |
|  | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Peralta Community College District, GO, 5.000% due 8/1/34 | 1432678 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WD<sup>(f)</sup> | Silicon Valley Tobacco Securitization Authority, Revenue Bonds, Series A, zero coupon, due 6/1/41 | 712178 |
|  |  |  | State of California, GO: |  |
|  | 760000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;4.000% due 3/1/26 | 766998 |
|  | 2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 9/1/26 | 2312374 |
|  | 435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/26 | 446234 |
|  | 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series C, 5.000% due 8/1/29 | 209501 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | University of California, Revenue Bonds, Series CA, 5.000% due 5/15/39 | 2187208 |
|  |  |  | Total California | 21799713 |
| **Colorado - 3.1%** | **Colorado - 3.1%** | **Colorado - 3.1%** | **Colorado - 3.1%** |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Board of Governors of Colorado State University System, Revenue Bonds, Series A, 5.000% due 3/1/43 | 1051358 |
|  |  |  | Boulder Larimer& Weld Counties St Vrain Valley School District Re1J, GO: |  |
|  | 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;5.000% due 12/15/29 | 706806 |
|  | 650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;5.000% due 12/15/38 | 712940 |
|  |  |  | City& County of Denver CO Airport System Revenue, Revenue Bonds: |  |
|  | 315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 12/1/26<sup>(a)</sup> | 321587 |
|  | 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/15/28<sup>(a)</sup> | 201110 |
|  | 455000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/15/29<sup>(a)</sup> | 468587 |
|  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/15/30<sup>(a)</sup> | 118280 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 12/1/37<sup>(a)</sup> | 1008636 |
|  | 3400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series D, 5.500% due 11/15/30<sup>(a)</sup> | 3729410 |
|  | 2660000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | City& County of Denver CO, GO, Series A, 5.000% due 8/1/38 | 2923564 |
|  |  |  | Colorado Bridge& Tunnel Enterprise, Revenue Bonds: |  |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, AGM-Insured, 5.000% due 12/1/41 | 524511 |
|  | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, AGM-Insured 5.250% due 12/1/54 | 1222963 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, AGM-Insured, 5.500% due 12/1/54 | 1045604 |
|  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | Colorado Educational& Cultural Facilities Authority, Revenue Bonds, 5.800% due 4/1/54(d) | 598226 |
|  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Colorado Health Facilities Authority, Revenue Bonds, Series Prerefunded 11/19/26 @ 100, 5.000% due 11/15/49<sup>(c)(e)</sup> | 61693 |
|  | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Colorado Housing& Finance Authority, Revenue Bonds, Series H, 4.250% due 11/1/49 | 40301 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Independence Metropolitan District No 3, GO, Series A, 5.375% due 12/1/54 | 479827 |
|  | 1330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Regional Transportation District Sales Tax Revenue, Revenue Bonds, Series A, 4.250% due 11/1/36 | 1386594 |
|  | 1325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | State of Colorado, COP, 6.000% due 12/15/39 | 1503971 |
|  |  |  | Vauxmont Metropolitan District, GO, AGM-Insured: |  |
|  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 12/15/27 | 128838 |
|  | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 12/15/29 | 123682 |
|  | 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 12/15/31 | 139139 |
|  | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Village Metropolitan District, GO, 5.000% due 12/1/49 | 1656049 |
|  |  |  | Total Colorado | 20153676 |
| **Connecticut - 1.2%** | **Connecticut - 1.2%** | **Connecticut - 1.2%** | **Connecticut - 1.2%** |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Connecticut State Health& Educational Facilities Authority, Revenue Bonds, Series B2, 5.000% due 7/1/64<sup>(c)</sup> | 1651897 |
|  |  |  | State of Connecticut, GO: |  |
|  | 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 4/15/26 | 381433 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** |  | |
| **Connecticut - (continued)** | **Connecticut - (continued)** | **Connecticut - (continued)** |  |  |
| $| 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 4/15/30 | $160934 |
|  | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 4/15/34 | 179389 |
|  | 175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/15/26 | 177083 |
|  | 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 7/15/25 | 2104771 |
|  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 10/15/26 | 102755 |
|  | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 10/15/29 | 153686 |
|  | 1260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 11/15/35 | 1380944 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series H, 5.000% due 11/15/27 | 1051682 |
|  | 330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | University of Connecticut, Revenue Bonds, Series A, 5.000% due 11/1/27 | 346649 |
|  |  |  | Total Connecticut | 7691223 |
| **District of Columbia - 0.6%** | **District of Columbia - 0.6%** | **District of Columbia - 0.6%** | **District of Columbia - 0.6%** |  |
|  | 1820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Metropolitan Washington Airports Authority Aviation Revenue, Revenue Bonds, 5.000% due 10/1/36<sup>(a)</sup> | 1837187 |
|  |  |  | Washington Metropolitan Area Transit Authority Dedicated Revenue, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 7/15/37 | 1083573 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 7/15/38 | 1073040 |
|  |  |  | Total District of Columbia | 3993800 |
| **Florida - 7.4%** | **Florida - 7.4%** | **Florida - 7.4%** | **Florida - 7.4%** |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Cabot Citrus Farms Community Development District, Special Assessment, 5.250% due 3/1/29 | 1005945 |
|  |  |  | Capital Trust Agency Inc., Revenue Bonds: |  |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;6.375% due 5/1/53<sup>(d)</sup> | 503392 |
|  | 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A1, 4.000% due 6/15/29<sup>(d)</sup> | 337569 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A1, 5.000% due 7/1/56<sup>(d)</sup> | 1726200 |
|  | 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | Capital Trust Authority, Revenue Bonds, Series A, 5.250% due 7/1/55<sup>(d)</sup> | 1122281 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Central Florida Expressway Authority, Revenue Bonds, Series B, 4.000% due 7/1/36 | 1000821 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | City Of South Miami Health Facilities Authority Inc., Revenue Bonds, 5.000% due 8/15/42 | 2509590 |
|  |  |  | County of Broward FL Airport System Revenue, Revenue Bonds: |  |
|  | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/29<sup>(a)</sup> | 120352 |
|  | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/31<sup>(a)</sup> | 85203 |
|  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/32<sup>(a)</sup> | 115242 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 10/1/29<sup>(a)</sup> | 1056603 |
|  |  |  | County of Miami-Dade FL Water & Sewer System Revenue, Revenue Bonds: |  |
|  | 4335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 10/1/38 | 4188080 |
|  | 10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 10/1/44 | 10104568 |
|  |  |  | Duval County Public Schools, COP: |  |
|  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 7/1/27 | 125179 |
|  | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 7/1/28 | 30043 |
|  | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 7/1/30 | 190272 |
|  |  |  | Florida Development Finance Corp., Revenue Bonds: |  |
|  | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;6.125% due 7/1/32<sup>(a)(c)(d)</sup> | 1139492 |
|  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A, 6.750% due 6/15/53<sup>(d)</sup> | 626350 |
|  | 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Florida Higher Educational Facilities Financial Authority, Revenue Bonds, 5.000% due 6/1/48<sup>(d)</sup> | 1353308 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | Florida Insurance Assistance Interlocal Agency Inc., Revenue Bonds, Series A1, 5.000% due 9/1/25 | 2007546 |
|  | 45000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A2<sup>(b)</sup> | Florida Municipal Power Agency, Revenue Bonds, 5.000% due 10/1/27 | 45218 |
|  |  |  | Greater Orlando Aviation Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;5.000% due 11/15/36<sup>(a)</sup> | 1000084 |
|  | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, Prerefunded 10/1/27 @ 100, 5.000% due 10/1/28<sup>(a)(e)</sup> | 103948 |
|  |  |  | Hillsborough County Port District, Revenue Bonds: |  |
|  | 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 6/1/33<sup>(a)</sup> | 877628 |
|  | 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 6/1/38<sup>(a)</sup> | 187736 |
|  | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Hobe-St Lucie Conservancy District, Special Assessment, 5.875% due 5/1/55 | 741755 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Lakewood Ranch Stewardship District, Special Assessment, 6.300% due 5/1/54 | 514302 |
|  |  |  | Lee County Industrial Development Authority, Revenue Bonds: |  |
|  | 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series 2019A1, 5.000% due 4/1/33 | 603681 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** |  | |
| **Florida - (continued)** | **Florida - (continued)** | **Florida - (continued)** | **Florida - (continued)** | **Florida - (continued)** |
| $| 515000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series 2019A1, 5.000% due 4/1/35 | $531128 |
|  | 2130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series 2019A1, 5.000% due 4/1/44 | 2097322 |
|  | 755000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series 2019A2, 5.000% due 4/1/33<sup>(c)</sup> | 758544 |
|  |  |  | Marion County School Board, COP, AGM-Insured: |  |
|  | 1950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 6/1/31 | 2126892 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 6/1/37 | 2158508 |
|  |  |  | Miami-Dade County Expressway Authority, Revenue Bonds: |  |
|  | 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/40 | 234987 |
|  | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/44 | 83245 |
|  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | Orange County Health Facilities Authority, Revenue Bonds, Series A, 5.000% due 10/1/39 | 198990 |
|  | 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa2<sup>(b)</sup> | Orange County School Board, COP, Series C, Prerefunded 8/1/25 @ 100, 5.000% due 8/1/29<sup>(e)</sup> | 200626 |
|  |  |  | School Board of Miami-Dade County, COP: |  |
|  | 570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 5/1/31 | 577159 |
|  | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/27 | 224140 |
|  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 2/1/29 | 116157 |
|  | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 2/1/30 | 191836 |
|  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | South Florida Water Management District, COP, 5.000% due 10/1/30 | 116331 |
|  | 4080000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Tampa Bay Water, Revenue Bonds, Series A, 5.000% due 10/1/49 | 4193748 |
|  | 990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Village Community Development District No 12, Special Assessment, 4.250% due 5/1/43 | 894180 |
|  |  |  | Total Florida | 48126181 |
| **Georgia - 2.2%** | **Georgia - 2.2%** | **Georgia - 2.2%** | **Georgia - 2.2%** |  |
|  | 2240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | Atlanta Urban Redevelopment Agency, Revenue Bonds, Series B, 5.000% due 7/1/28. | 2385114 |
|  |  |  | City of Atlanta GA Water & Wastewater Revenue, Revenue Bonds: |  |
|  | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 11/1/27 | 30095 |
|  | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 11/1/29 | 70221 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 11/1/40 | 2006089 |
|  | 335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB<sup>(f)</sup> | Fayette County Development Authority, Revenue Bonds, 5.000% due 10/1/30 | 356621 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | Main Street Natural Gas Inc., Revenue Bonds, Series C, 5.000% due 9/1/53<sup>(c)</sup> | 1567074 |
|  | 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Metropolitan Atlanta Rapid Transit Authority, Revenue Bonds, Series B, 5.000% due 7/1/33 | 4518655 |
|  | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | Upper Oconee Basin Water Authority, Revenue Bonds, 5.000% due 7/1/49 | 3102345 |
|  |  |  | Total Georgia | 14036214 |
| **Hawaii - 0.9%** | **Hawaii - 0.9%** | **Hawaii - 0.9%** | **Hawaii - 0.9%** |  |
|  | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa2<sup>(b)</sup> | City & County of Honolulu HI, GO, Series C, 4.000% due 10/1/32 | 5031241 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | State of Hawaii Department of Budget & Finance, Revenue Bonds, Series A, 5.000% due 7/1/36<sup>(g)</sup> | 1090968 |
|  |  |  | Total Hawaii | 6122209 |
| **Idaho - 0.6%** | **Idaho - 0.6%** | **Idaho - 0.6%** | **Idaho - 0.6%** |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Idaho Falls Auditorium District, COP, 5.250% due 5/15/51<sup>(d)</sup> | 1390201 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Idaho Health Facilities Authority, Revenue Bonds, 7.125% due 11/1/57 | 1049000 |
|  |  |  | Idaho Housing & Finance Association, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | 5.000% due 8/15/41 | 1052510 |
|  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 1/1/50 | 25049 |
|  | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/15/30 | 271538 |
|  | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/15/31 | 274590 |
|  |  |  | Total Idaho | 4062888 |
| **Illinois - 4.6%** | **Illinois - 4.6%** | **Illinois - 4.6%** | **Illinois - 4.6%** |  |
|  | 1040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB+ | Chicago Board of Education, GO, Series A, 5.000% due 12/1/47 | 961506 |
|  |  |  | Chicago O'Hare International Airport, Revenue Bonds: |  |
|  | 1635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/1/41 | 1637035 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series D, 5.250% due 1/1/42 | 1007730 |
|  |  |  | County of Cook IL Sales Tax Revenue, Revenue Bonds: |  |
|  | 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 11/15/41 | 1009024 |
|  | 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 11/15/42 | 1003883 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **Illinois - (continued)** | **Illinois - (continued)** | **Illinois - (continued)** | **Illinois - (continued)** |  |
| $| 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Grundy & Will Counties Community Unit School District No 1 Coal City, GO, Series Prerefunded 2/1/27 @ 100, 5.000% due 2/1/29<sup>(e)</sup> | $5166 |
|  |  |  | Illinois Finance Authority, Revenue Bonds: |  |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/15/38 | 1977709 |
|  | 255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, Prerefunded 7/1/26 @ 100, 5.000% due 7/1/36<sup>(e)</sup> | 260402 |
|  | 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WD<sup>(f)</sup> | &nbsp;&nbsp;&nbsp;Series A, Prerefunded 8/15/26 @ 100, 5.000% due 8/15/33<sup>(e)</sup> | 97129 |
|  | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series Prerefunded 1/1/27 @ 100, 5.000% due 1/1/36<sup>(e)</sup> | 175602 |
|  | 870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series Prerefunded 1/1/28 @ 100, 5.000% due 1/1/38<sup>(e)</sup> | 919062 |
|  | 1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series Prerefunded 1/1/28 @ 100, 5.000% due 1/1/44<sup>(e)</sup> | 1373310 |
|  | 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series Prerefunded 2/15/27 @ 100, 4.000% due 2/15/41<sup>(e)</sup> | 20347 |
|  |  |  | Illinois Municipal Electric Agency, Revenue Bonds: |  |
|  | 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 2/1/28 | 290542 |
|  | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 2/1/31 | 105146 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 2/1/32 | 1000478 |
|  |  |  | Illinois State Toll Highway Authority, Revenue Bonds: |  |
|  | 1535000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 1/1/42 | 1542798 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 1/1/45 | 1514615 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/1/40 | 2004115 |
|  | 1045000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | Maine Township High School District No 207, GO, Series 2022, 4.000% due 12/1/25 | 1048999 |
|  | 2880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | State of Illinois Sales Tax Revenue, Revenue Bonds, Series A, 5.000% due 6/15/28 | 3023200 |
|  |  |  | State of Illinois, GO: |  |
|  | 225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;5.000% due 6/1/25 | 225000 |
|  | 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;5.000% due 2/1/27 | 200314 |
|  | 180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;5.000% due 2/1/28 | 184403 |
|  | 2980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 5/1/32 | 3207994 |
|  | 405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 11/1/25 | 407994 |
|  | 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 11/1/26 | 399470 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 7/1/32 | 1615851 |
|  |  |  | Will County Community Unit School District No 365-U Valley View, GO: |  |
|  | 2420000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/1/25 | 2435681 |
|  | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, AGM-Insured, zero coupon, due 11/1/26 | 157597 |
|  |  |  | Total Illinois | 29812102 |
| **Indiana - 1.5%** | **Indiana - 1.5%** | **Indiana - 1.5%** | **Indiana - 1.5%** |  |
|  | 3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Carmel Redevelopment Authority, Revenue Bonds, Series B, 5.000% due 7/15/35 | 4057220 |
|  | 120000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | Indiana Housing & Community Development Authority, Revenue Bonds, Series B, 3.500% due 1/1/49 | 119461 |
|  |  |  | Indianapolis Local Public Improvement Bond Bank, Revenue Bonds: |  |
|  | 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 1/1/35<sup>(a)</sup> | 571729 |
|  | 550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.250% due 1/1/36<sup>(a)</sup> | 581555 |
|  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.250% due 1/1/37<sup>(a)</sup> | 630438 |
|  | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.250% due 1/1/38<sup>(a)</sup> | 1303429 |
|  | 1895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series 202, 6.000% due 1/15/41 | 2109733 |
|  | 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Warrick County Industrial Building Corp., Revenue Bonds, 5.000% due 8/1/32 | 630045 |
|  |  |  | Total Indiana | 10003610 |
| **Iowa - 1.9%** | **Iowa - 1.9%** | **Iowa - 1.9%** | **Iowa - 1.9%** |  |
|  | 1155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | City of Cedar Rapids IA, GO, Series A, 5.000% due 6/1/25 | 1155000 |
|  | 1785000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | City of West Des Moines IA, GO, Series A, 5.000% due 6/1/32 | 1988736 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | County of Polk IA, GO, Series A, 5.000% due 6/1/38<sup>(a)(g)</sup> | 1038116 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB | Iowa Finance Authority, Revenue Bonds, 4.750% due 8/1/42 | 1908717 |
|  | 6440000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A3<sup>(b)</sup> | PEFA Inc., Revenue Bonds, 5.000% due 9/1/49<sup>(c)</sup> | 6510463 |
|  |  |  | Total Iowa | 12601032 |
| **Kansas - 0.2%** | **Kansas - 0.2%** | **Kansas - 0.2%** | **Kansas - 0.2%** |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | City of Colby KS, Revenue Bonds, 5.500% due 7/1/26 | 1001605 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **Kansas - (continued)** | **Kansas - (continued)** | **Kansas - (continued)** | **Kansas - (continued)** | |
| $| 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SP-1+ | City of Maize KS, GO, Series B, 4.000% due 10/1/26 | $25000 |
|  |  |  | Total Kansas | 1026605 |
| **Kentucky - 1.0%** | **Kentucky - 1.0%** | **Kentucky - 1.0%** | **Kentucky - 1.0%** |  |
|  | 2200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Fayette County School District Finance Corp., Revenue Bonds, 5.000% due 6/1/43 | 2243297 |
|  |  |  | Kentucky State Property & Building Commission, Revenue Bonds: |  |
|  | 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 4/1/27 | 165438 |
|  | 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 5/1/28 | 153263 |
|  | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 2/1/29 | 166845 |
|  | 170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 2/1/30 | 171845 |
|  | 1795000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 11/1/26 | 1841608 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Louisville & Jefferson County Metropolitan Sewer District, Revenue Bonds, Series A, 3.000% due 5/15/44 | 1461061 |
|  |  |  | Total Kentucky | 6203357 |
| **Louisiana - 2.8%** | **Louisiana - 2.8%** | **Louisiana - 2.8%** | **Louisiana - 2.8%** |  |
|  | 2505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | City of Lafayette LA Utilities Revenue, Revenue Bonds, 5.000% due 11/1/42 | 2601348 |
|  | 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Lafayette Parish School Board Sale Tax Revenue, Revenue Bonds, 5.000% due 4/1/37 | 286659 |
|  |  |  | Louisiana Local Government Environmental Facilities & Community Development Authority, Revenue Bonds: |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 10/1/26 | 1538456 |
|  | 2800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>A1</sub><sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 8/15/37 | 2835510 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB+ | Parish of St James LA, Revenue Bonds, Series 2, 6.350% due 10/1/40<sup>(d)</sup> | 1071565 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>A2</sub><sup>(b)</sup> | St John the Baptist Parish School District No 1, GO, 5.250% due 3/1/37 | 1047776 |
|  |  |  | State of Louisiana, GO: |  |
|  | 3350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 9/1/31 | 3703463 |
|  | 4835000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 9/1/33 | 5452740 |
|  |  |  | Total Louisiana | 18537517 |
| **Maine - 0.3%** | **Maine - 0.3%** | **Maine - 0.3%** | **Maine - 0.3%** |  |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Maine State Housing Authority, Revenue Bonds, Series B, 3.150% due 11/15/39 | 2075247 |
| **Maryland - 2.0%** | **Maryland - 2.0%** | **Maryland - 2.0%** | **Maryland - 2.0%** |  |
|  | 5805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | County of Prince George's MD, GO, Series A, 5.000% due 7/15/29 | 6179648 |
|  |  |  | Maryland Community Development Administration, Revenue Bonds: |  |
|  | 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>Aa1</sub><sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 9/1/49 | 145211 |
|  | 130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series C, 3.500% due 3/1/50 | 129401 |
|  | 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series C, 5.000% due 9/1/28 | 337628 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Maryland Economic Development Corp., Special Tax, 4.000% due 9/1/50 | 1604902 |
|  | 1405000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa3<sup>(b)</sup> | Maryland Health & Higher Educational Facilities Authority, Revenue Bonds, Series A, 5.500% due 1/1/46 | 1407006 |
|  | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | State of Maryland Department of Transportation, Revenue Bonds, 3.500% due 10/1/33 | 2946535 |
|  |  |  | Total Maryland | 12750331 |
| **Massachusetts - 1.1%** | **Massachusetts - 1.1%** | **Massachusetts - 1.1%** | **Massachusetts - 1.1%** |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Commonwealth of Massachusetts, GO, Series E, 5.000% due 11/1/45 | 1544428 |
|  |  |  | Massachusetts Development Finance Agency, Revenue Bonds: |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;4.000% due 4/1/41 | 1396817 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 7/1/35 | 1011939 |
|  | 1290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 7/15/36 | 1253626 |
|  | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/44<sup>(d)</sup> | 761787 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/1/55<sup>(c)</sup> | 563142 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Massachusetts Port Authority, Revenue Bonds, Series E, 5.000% due 7/1/31<sup>(a)</sup> | 538934 |
|  |  |  | Total Massachusetts | 7070673 |
| **Michigan - 1.0%** | **Michigan - 1.0%** | **Michigan - 1.0%** | **Michigan - 1.0%** |  |
|  | 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | City of Detroit MI Sewage Disposal System Revenue, Revenue Bonds, AGM-Insured, Series D, 3.655% due 7/1/32<sup>(c)</sup> | 157935 |
|  | 495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Michigan State Building Authority, Revenue Bonds, Series I, 5.000% due 10/15/34 | 503663 |
|  | 4870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Michigan State Housing Development Authority, Revenue Bonds, Series A, 3.700% due 4/1/30 | 4834310 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **Michigan - (continued)** | **Michigan - (continued)** | **Michigan - (continued)** | |
| 1295000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1(b) | Thornapple Kellogg School District, GO, 5.000% due 5/1/43 | $1311746 |
|  |  | Total Michigan | 6807654 |
| **Minnesota - 2.0%** | **Minnesota - 2.0%** | **Minnesota - 2.0%** |  |
|  |  | Metropolitan Council, GO: |  |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series C, 5.000% due 12/1/27 | 2105651 |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series I, 3.000% due 3/1/27 | 2479280 |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | State of Minnesota, GO, Series A, 5.000% due 8/1/37 | 5199161 |
| 2850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | Willmar Independent School District No 347, GO, Series A, 5.000% due 2/1/28 | 3003856 |
|  |  | Total Minnesota | 12787948 |
| **Mississippi - 0.7%** | **Mississippi - 0.7%** | **Mississippi - 0.7%** |  |
|  |  | State of Mississippi, GO: |  |
| 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/30 | 166624 |
| 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series C, 5.000% due 10/1/35 | 4179005 |
|  |  | Total Mississippi | 4345629 |
| **Missouri - 1.2%** | **Missouri - 1.2%** | **Missouri - 1.2%** |  |
| 2550000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Grain Valley No R-V School District, GO, Series A, 5.000% due 3/1/35 | 2649626 |
| 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Kansas City Industrial Development Authority, Revenue Bonds, Series A1, 5.000% due 6/1/54<sup>(d)</sup> | 312620 |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Metropolitan St Louis Sewer District, Revenue Bonds, Series A, 5.000% due 5/1/37 | 2547174 |
| 2100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Missouri Development Finance Board, Revenue Bonds, 5.500% due 5/1/41 | 2206019 |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Missouri Housing Development Commission, Revenue Bonds, Series B, 4.000% due 5/1/50 | 40095 |
|  |  | Total Missouri | 7755534 |
| **Montana - 0.2%** | **Montana - 0.2%** | **Montana - 0.2%** |  |
|  |  | Montana Board of Housing, Revenue Bonds: |  |
| 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A1, 4.000% due 12/1/47<sup>(a)</sup> | 5000 |
| 20000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 6/1/50 | 20062 |
| 1390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Yellowstone& Carbon Counties School District No 7-70 Laurel, GO, 5.000% due 7/1/42 | 1446056 |
|  |  | Total Montana | 1471118 |
| **Nebraska - 0.8%** | **Nebraska - 0.8%** | **Nebraska - 0.8%** |  |
|  |  | Nebraska Investment Finance Authority, Revenue Bonds: |  |
| 75000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 9/1/49<sup>(a)</sup> | 74832 |
| 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series E, 3.750% due 9/1/49<sup>(a)</sup> | 59737 |
|  |  | Nebraska Public Power District, Revenue Bonds: |  |
| 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/1/31 | 116055 |
| 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/1/34 | 125988 |
| 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/1/36 | 155968 |
|  |  | Public Power Generation Agency, Revenue Bonds: |  |
| 1815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A2<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 1/1/41 | 1829367 |
| 1885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A2<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 1/1/27 | 1945802 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | Ralston Public Schools, GO, 5.000% due 12/15/43 | 1032321 |
|  |  | Total Nebraska | 5340070 |
| **Nevada - 1.2%** | **Nevada - 1.2%** | **Nevada - 1.2%** |  |
| 1520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Clark County Water Reclamation District, GO, 4.000% due 7/1/35 | 1513923 |
|  |  | County of Clark NV, GO: |  |
| 1340000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/1/34 | 1393229 |
| 2750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 11/1/34 | 2754178 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 12/1/39 | 1902769 |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Nevada Housing Division, Revenue Bonds, Series B, 4.000% due 10/1/49 | 40088 |
|  |  | Total Nevada | 7604187 |
| **New Hampshire - 0.1%** | **New Hampshire - 0.1%** | **New Hampshire - 0.1%** |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B+ | New Hampshire Business Finance Authority, Revenue Bonds, 2.950% due 4/1/29<sup>(a)(d)</sup> | 953371 |
| **New Jersey - 2.7%** | **New Jersey - 2.7%** | **New Jersey - 2.7%** |  |
|  |  | New Jersey Economic Development Authority, Revenue Bonds: |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series EEE, 5.000% due 6/15/30 | 1053198 |
| 580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series XX, Prerefunded 6/15/25 @ 100, 5.000% due 6/15/26<sup>(e)</sup> | 580406 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **New Jersey - (continued)** | **New Jersey - (continued)** | **New Jersey - (continued)** | **New Jersey - (continued)** | **New Jersey - (continued)** |
|  |  |  | New Jersey Educational Facilities Authority, Revenue Bonds: |  |
| $| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/64<sup>(c)</sup> | $1089534 |
|  | 1315000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series C, 5.000% due 3/1/28 | 1389537 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, 5.000% due 9/15/32 | 1093198 |
|  |  |  | New Jersey Transportation Trust Fund Authority, Revenue Bonds: |  |
|  | 1320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;5.000% due 12/15/28 | 1403027 |
|  | 870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series A, zero coupon, due 12/15/27 | 799289 |
|  | 195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series A, zero coupon, due 12/15/28 | 172640 |
|  | 895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 6/15/39 | 840088 |
|  | 220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 12/15/33 | 228363 |
|  | 5580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/15/36 | 6018483 |
|  | 1050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series AA, 5.000% due 6/15/40 | 1074551 |
|  | 1770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series BB, 5.000% due 6/15/44 | 1763558 |
|  |  |  | Total New Jersey | 17505872 |
| **New Mexico - 0.0%** | **New Mexico - 0.0%** | **New Mexico - 0.0%** | **New Mexico - 0.0%** |  |
|  | 95000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | New Mexico Mortgage Finance Authority, Revenue Bonds, Series D, 3.750% due 1/1/50 | 94789 |
| **New York - 10.0%** | **New York - 10.0%** | **New York - 10.0%** | **New York - 10.0%** |  |
|  | 1430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ba1<sup>(b)</sup> | Brooklyn Arena Local Development Corp., Revenue Bonds, zero coupon, due 7/15/46 | 460813 |
|  | 1650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(P)BBB+ | Build NYC Resource Corp., Revenue Bonds, 5.500% due 7/1/55<sup>(a)(g)</sup> | 1666011 |
|  |  |  | City of New York NY, GO: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 8/1/40 | 1055588 |
|  | 2035000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B1, 5.000% due 12/1/38 | 2061132 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B1, 5.000% due 12/1/41 | 2521257 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B1, 5.250% due 10/1/41 | 530436 |
|  | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series C1, 5.000% due 8/1/31 | 3259452 |
|  | 3425000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series D1, 5.000% due 12/1/34 | 3565829 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series F1, 5.000% due 4/1/43 | 1010045 |
|  |  |  | Empire State Development Corp., Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 3.000% due 3/15/50 | 699022 |
|  | 3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 3/15/38 | 3543910 |
|  | 1780000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Metropolitan Transportation Authority Dedicated Tax Fund, Revenue Bonds, Series A, 5.250% due 11/15/27 | 1831057 |
|  |  |  | Metropolitan Transportation Authority, Revenue Bonds: |  |
|  | 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series A2, 5.000% due 11/15/29 | 252042 |
|  | 270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 11/15/30 | 275989 |
|  | 290000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series C1, 5.000% due 11/15/27 | 297422 |
|  | 685000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series C1, 5.000% due 11/15/28 | 688348 |
|  | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series C1, 5.000% due 11/15/31 | 310274 |
|  | 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A3<sup>(b)</sup> | MTA Hudson Rail Yards Trust Obligations, Revenue Bonds, Series A, 5.000% due 11/15/51 | 363745 |
|  | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCC+ | Nassau County Tobacco Settlement Corp., Revenue Bonds, Series A3, 5.000% due 6/1/35 | 224681 |
|  |  |  | New York City Municipal Water Finance Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;5.000% due 6/15/41 | 1036556 |
|  | 2430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series DD, 5.000% due 6/15/28 | 2590818 |
|  | 1945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series EE, 5.000% due 6/15/45 | 1959313 |
|  |  |  | New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds: |  |
|  | 3200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A1, 5.000% due 8/1/41 | 3326923 |
|  | 2185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A1, 5.000% due 8/1/43 | 2245099 |
|  | 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series C2, 5.000% due 5/1/32 | 287444 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series C3, 5.000% due 5/1/41 | 1016370 |
|  | 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series F1, 5.000% due 2/1/41 | 1670595 |
|  |  |  | New York Liberty Development Corp., Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;5.000% due 11/15/44<sup>(d)</sup> | 970843 |
|  | 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series 1WTC, 2.750% due 2/15/44 | 1217314 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **New York - (continued)** | **New York - (continued)** | **New York - (continued)** | **New York - (continued)** | **New York - (continued)** |
|  |  |  | New York State Dormitory Authority, Revenue Bonds: |  |
| $| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B- | &nbsp;&nbsp;&nbsp;4.000% due 7/1/45 | $812353 |
|  | 605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/34 | 620263 |
|  | 3725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 3/15/41 | 3916219 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/15/42 | 994195 |
|  | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 5.250% due 3/15/38 | 3105126 |
|  |  |  | New York Transportation Development Corp., Revenue Bonds: |  |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 12/1/36<sup>(a)</sup> | 2057499 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 12/1/37<sup>(a)</sup> | 2550504 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;5.625% due 4/1/40<sup>(a)</sup> | 1537651 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;6.000% due 4/1/35<sup>(a)</sup> | 1628553 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B | Niagara Area Development Corp., Revenue Bonds, Series A, 4.750% due 11/1/42<sup>(a)(d)</sup> | 1359127 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Port Authority of New York & New Jersey, Revenue Bonds, Series 205, 5.000% due 11/15/33 | 2595157 |
|  | 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | State of New York Mortgage Agency Homeowner Mortgage Revenue, Revenue Bonds, Series 221, 3.500% due 10/1/32<sup>(a)</sup> | 39685 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Triborough Bridge& Tunnel Authority, Revenue Bonds, 5.000% due 11/15/25 | 2017304 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | TSASC Inc., Revenue Bonds, 5.000% due 6/1/48 | 1308996 |
|  |  |  | Total New York | 65480960 |
| **North Carolina - 0.6%** | **North Carolina - 0.6%** | **North Carolina - 0.6%** | **North Carolina - 0.6%** |  |
|  | 615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | City of Charlotte NC Airport Revenue, Revenue Bonds, Series B, 5.000% due 7/1/34<sup>(a)(g)</sup> | 660297 |
|  | 1210000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | County of Wake NC, Revenue Bonds, Series A, 5.000% due 5/1/28 | 1284559 |
|  | 1725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | North Carolina Turnpike Authority, Revenue Bonds, 5.000% due 1/1/34 | 1948803 |
|  | 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | Raleigh Durham Airport Authority, Revenue Bonds, Series A, 5.000% due 5/1/29<sup>(a)</sup> | 110514 |
|  |  |  | Total North Carolina | 4004173 |
| **Ohio - 1.3%** | **Ohio - 1.3%** | **Ohio - 1.3%** | **Ohio - 1.3%** |  |
|  | 2945000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Series B2, 5.000% due 6/1/55 | 2548144 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB+ | Cleveland-Cuyahoga County Port Authority, Revenue Bonds, 5.500% due 12/1/43 | 2005027 |
|  | 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Columbus City School District, GO, Series Prerefunded 6/1/26 @ 100, 5.000% due 12/1/32<sup>(e)</sup> | 5095 |
|  | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB+ | County of Muskingum OH, Revenue Bonds, 5.000% due 2/15/44 | 131945 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | County of Washington OH, Revenue Bonds, 6.625% due 12/1/42 | 1061305 |
|  |  |  | Jefferson County Port Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ba1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;3.500% due 12/1/51<sup>(a)(d)</sup> | 718506 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ba1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 12/1/53<sup>(a)(c)(d)</sup> | 1000746 |
|  | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCC+ | Ohio Air Quality Development Authority, Revenue Bonds, 5.000% due 7/1/49<sup>(a)(d)</sup> | 1094175 |
|  | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | Ohio Housing Finance Agency, Revenue Bonds, Series B, 4.500% due 3/1/50 | 30284 |
|  |  |  | Total Ohio | 8595227 |
| **Oklahoma - 2.1%** | **Oklahoma - 2.1%** | **Oklahoma - 2.1%** | **Oklahoma - 2.1%** |  |
|  |  |  | Creek County Educational Facilities Authority, Revenue Bonds: |  |
|  | 850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 9/1/38 | 907519 |
|  | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 9/1/39 | 846527 |
|  | 1150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;5.000% due 9/1/40 | 1205426 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | Oklahoma County Independent School District No 52 Midwest City-Del City, GO, 4.000% due 7/1/28<sup>(g)</sup> | 1016660 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Oklahoma County Independent School District No 89 Oklahoma City, GO, Series A, 1.250% due 7/1/26 | 2458109 |
|  |  |  | Oklahoma Development Finance Authority, Revenue Bonds: |  |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;Series B, 5.500% due 8/15/52 | 1968465 |
|  | 825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;Series B, 5.500% due 8/15/57 | 804536 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Oklahoma Industries Authority, Revenue Bonds, 5.000% due 4/1/31 | 2172151 |
|  | 60000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | Oklahoma Municipal Power Authority, Revenue Bonds, Series B, 5.000% due 1/1/27 | 60066 |
|  | 1850000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Oklahoma Water Resources Board, Revenue Bonds, 5.000% due 4/1/41 | 1968699 |
|  |  |  | Total Oklahoma | 13408158 |
| **Oregon - 0.1%** | **Oregon - 0.1%** | **Oregon - 0.1%** | **Oregon - 0.1%** |  |
|  |  |  | Port of Portland OR Airport Revenue, Revenue Bonds: |  |
|  | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 7/1/28<sup>(a)</sup> | 313035 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **Oregon - (continued)** | **Oregon - (continued)** | **Oregon - (continued)** | **Oregon - (continued)** | **Oregon - (continued)** |
| $| 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;5.000% due 7/1/29 | $172436 |
|  | 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series 24B, 5.000% due 7/1/32<sup>(a)</sup> | 207811 |
|  |  |  | Total Oregon | 693282 |
| **Pennsylvania - 2.7%** | **Pennsylvania - 2.7%** | **Pennsylvania - 2.7%** | **Pennsylvania - 2.7%** |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B+ | Bucks County Industrial Development Authority, Revenue Bonds, 4.000% due 7/1/51 | 773928 |
|  |  |  | City of Philadelphia PA, GO: |  |
|  | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/27 | 85204 |
|  | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/29 | 300656 |
|  | 320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/30 | 320784 |
|  | 335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/31 | 335804 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | City of Pittsburgh PA, GO, 5.000% due 9/1/40 | 529324 |
|  |  |  | Commonwealth Financing Authority, Revenue Bonds: |  |
|  | 1010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/1/28 | 1066424 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 6/1/25 | 500000 |
|  |  |  | Commonwealth of Pennsylvania, GO: |  |
|  | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;4.000% due 3/15/34 | 3000078 |
|  | 2950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;4.000% due 9/15/34 | 2956064 |
|  | 810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;5.000% due 9/15/29 | 828589 |
|  |  |  | Pennsylvania Economic Development Financing Authority, Revenue Bonds: |  |
|  | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B3<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.450% due 1/1/51<sup>(a)(c)(d)</sup> | 620872 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa2<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.500% due 6/30/37<sup>(a)</sup> | 1060696 |
|  | 1185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa2<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.500% due 6/30/38<sup>(a)</sup> | 1244701 |
|  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B | &nbsp;&nbsp;&nbsp;Series B, 5.250% due 12/1/38<sup>(c)</sup> | 600310 |
|  |  |  | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds: |  |
|  | 775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 8/15/38 | 748176 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series C, 4.000% due 8/15/41 | 940103 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa2<sup>(b)</sup> | West Shore School District, GO, 5.000% due 11/15/43 | 1506945 |
|  |  |  | Total Pennsylvania | 17418658 |
| **Puerto Rico - 0.7%** | **Puerto Rico - 0.7%** | **Puerto Rico - 0.7%** | **Puerto Rico - 0.7%** |  |
|  |  |  | Commonwealth of Puerto Rico, GO: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A1, 4.000% due 7/1/41 | 856445 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A1, 4.000% due 7/1/46 | 821393 |
|  |  |  | Puerto Rico Commonwealth Aqueduct& Sewer Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/47<sup>(d)</sup> | 947546 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 7/1/47<sup>(d)</sup> | 810695 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Revenue Bonds, Series A1, 5.000% due 7/1/58 | 937947 |
|  |  |  | Total Puerto Rico | 4374026 |
| **Rhode Island - 0.5%** | **Rhode Island - 0.5%** | **Rhode Island - 0.5%** | **Rhode Island - 0.5%** |  |
|  |  |  | Providence Public Building Authority, Revenue Bonds: |  |
|  | 400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 5.250% due 9/15/41 | 424485 |
|  | 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 5.250% due 9/15/43 | 429407 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Rhode Island Health& Educational Building Corp., Revenue Bonds, Series A, 5.000% due 5/15/42 | 1027153 |
|  | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Rhode Island Housing& Mortgage Finance Corp., Revenue Bonds, Series 70, 4.000% due 10/1/49 | 55083 |
|  |  |  | Rhode Island Student Loan Authority, Revenue Bonds: |  |
|  | 55000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 3.500% due 12/1/34<sup>(a)</sup> | 51685 |
|  | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 12/1/26<sup>(a)</sup> | 1147736 |
|  |  |  | Total Rhode Island | 3135549 |
| **South Carolina - 0.9%** | **South Carolina - 0.9%** | **South Carolina - 0.9%** | **South Carolina - 0.9%** |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | Patriots Energy Group Financing Agency, Revenue Bonds, Series A1, 5.250% due 10/1/54<sup>(c)</sup> | 1052671 |
|  |  |  | South Carolina Jobs-Economic Development Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | 7.500% due 11/15/53 | 1036290 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **South Carolina - (continued)** | **South Carolina - (continued)** | **South Carolina - (continued)** | **South Carolina - (continued)** |  |
| $| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;7.750% due 11/15/58 | $1048983 |
|  | 1600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.250% due 11/1/41 | 1679309 |
|  | 140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | South Carolina Ports Authority, Revenue Bonds, 5.000% due 7/1/30<sup>(a)</sup> | 144859 |
|  |  |  | South Carolina Public Service Authority, Revenue Bonds: |  |
|  | 185000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 12/1/35 | 185442 |
|  | 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A- | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 12/1/36 | 275528 |
|  |  |  | South Carolina State Housing Finance & Development Authority, Revenue Bonds: |  |
|  | 85000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 1/1/50 | 85248 |
|  | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 7/1/50 | 80244 |
|  |  |  | Total South Carolina | 5588574 |
| **Tennessee - 0.7%** | **Tennessee - 0.7%** | **Tennessee - 0.7%** | **Tennessee - 0.7%** |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | Chattanooga Health Educational & Housing Facility Board, Revenue Bonds, 5.000% due 12/1/34 | 1077975 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | County of Shelby TN, GO, Series A, 4.000% due 4/1/37 | 991167 |
|  | 25000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Revenue Bonds, 5.000% due 7/1/31 | 26957 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Metropolitan Government Nashville & Davidson County Sports Authority, Revenue Bonds, AGM-Insured, Series B, 5.250% due 7/1/48 | 1026089 |
|  | 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>A1</sub>(b) | Metropolitan Nashville Airport Authority, Revenue Bonds, Series B, 5.250% due 7/1/33<sup>(a)</sup> | 1222696 |
|  |  |  | Total Tennessee | 4344884 |
| **Texas - 15.0%** | **Texas - 15.0%** | **Texas - 15.0%** | **Texas - 15.0%** |  |
|  | 1765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Academy Independent School District, GO, PSF-GTD-Insured, 5.000% due 8/15/43 | 1831874 |
|  | 1895000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Alamo Community College District, GO, 5.000% due 8/15/34 | 1947389 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Aldine Independent School District, GO, PSF-GTD-Insured, Series B, 5.000% due 2/15/33 | 2800726 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Arlington Higher Education Finance Corp., Revenue Bonds, PSF-GTD-Insured, 5.000% due 8/15/48 | 1020301 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | Brazosport Independent School District, GO, PSF-GTD-Insured, 4.000% due 2/15/33 | 1508164 |
|  |  |  | Central Texas Regional Mobility Authority, Revenue Bonds: |  |
|  | 160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, Prerefunded 7/1/25 @ 100, 5.000% due 1/1/40<sup>(e)</sup> | 160249 |
|  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 1/1/41 | 556989 |
|  | 375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 1/1/29 | 398071 |
|  | 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 1/1/38 | 1869261 |
|  |  |  | City of Austin TX Airport System Revenue, Revenue Bonds: |  |
|  | 80000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;5.000% due 11/15/29<sup>(a)</sup> | 80021 |
|  | 1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 11/15/32<sup>(a)</sup> | 1766679 |
|  | 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | City of Corpus Christi TX Utility System Revenue, Revenue Bonds, 5.000% due 7/15/40 | 1037306 |
|  | 1830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa3<sup>(b)</sup> | City of Fort Worth TX, Revenue Bonds, Series A, 3.500% due 3/1/35 | 1734295 |
|  |  |  | City of Houston TX Airport System Revenue, Revenue Bonds: |  |
|  | 360000 | &nbsp;&nbsp;&nbsp;&nbsp;<sub>A1</sub>(b) | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 7/1/29 | 377234 |
|  | 800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ba3<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series B, 5.500% due 7/15/37<sup>(a)</sup> | 822996 |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>A1</sub>(b) | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 7/1/25 | 1501847 |
|  | 2330000 | &nbsp;&nbsp;&nbsp;&nbsp;<sub>A1</sub>(b) | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 7/1/26 | 2374481 |
|  |  |  | City of Houston TX Combined Utility System Revenue, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;<sub>Aa2</sub>(b) | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 11/15/41 | 1054209 |
|  | 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>Aa2</sub>(b) | &nbsp;&nbsp;&nbsp;Series B, 4.000% due 11/15/31 | 3027463 |
|  |  |  | City of San Antonio TX Airport System, Revenue Bonds: |  |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/27<sup>(a)</sup> | 514259 |
|  | 480000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/28<sup>(a)</sup> | 500856 |
|  |  |  | City of San Antonio TX Electric & Gas Systems Revenue, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;1.750% due 2/1/49<sup>(c)</sup> | 989496 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;4.000% due 2/1/43 | 452782 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa3<sup>(b)</sup> | Clifton Higher Education Finance Corp., Revenue Bonds, Series D, 6.125% due 8/15/48 | 2002072 |
|  | 2345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Community Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/41 | 2465049 |
|  | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | County of Denton TX, Special Assessment, 6.125% due 12/31/55<sup>(d)</sup> | 677591 |
|  | 1795000 | &nbsp;&nbsp;&nbsp;&nbsp;<sub>Aaa</sub>(b) | County of Harris TX, GO, Series A, 5.000% due 9/15/32 | 2003927 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **Texas - (continued)** | **Texas - (continued)** | **Texas - (continued)** | **Texas - (continued)** |
| $1490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | County of Travis TX, GO, Series A, 5.000% due 3/1/38 | $1544680 |
|  |  | Cypress-Fairbanks Independent School District, GO, PSF-GTD-Insured: |  |
| 1975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;4.000% due 2/15/32 | 1978820 |
| 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;5.000% due 2/15/27 | 106495 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 3.400% due 2/15/31 | 997407 |
| 1925000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 2/15/26 | 1954079 |
| 1415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Dallas Fort Worth International Airport, Revenue Bonds, 5.000% due 11/1/40 | 1503558 |
|  |  | Eagle Mountain & Saginaw Independent School District, GO, PSF-GTD-Insured: |  |
| 1270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 8/15/29 | 1374794 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 8/15/30 | 1097180 |
|  |  | Georgetown Independent School District, GO, PSF-GTD-Insured: |  |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;3.750% due 8/15/41 | 910413 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;3.875% due 8/15/44 | 890616 |
|  |  | Grand Parkway Transportation Corp., Revenue Bonds: |  |
| 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/31 | 156836 |
| 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/32 | 130238 |
| 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/33 | 197317 |
| 145000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 10/1/34 | 149911 |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | Harris County Cultural Education Facilities Finance Corp., Revenue Bonds, 5.000% due 7/1/39 | 1507518 |
|  |  | Lamar Consolidated Independent School District, GO, PSF-GTD-Insured: |  |
| 7280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;5.000% due 2/15/31 | 7493943 |
| 5050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;5.000% due 2/15/34 | 5171315 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Leander Independent School District, GO, PSF-GTD-Insured, Series A, 5.000% due 8/15/27 | 2007138 |
|  |  | Love Field Airport Modernization Corp., Revenue Bonds: |  |
| 40000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 11/1/30<sup>(a)</sup> | 40067 |
| 90000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;5.000% due 11/1/31<sup>(a)</sup> | 90139 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB- | Mission Economic Development Corp., Revenue Bonds, 4.625% due 10/1/31<sup>(a)(d)</sup> | 1995804 |
| 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | New Hope Cultural Education Facilities Finance Corp., Revenue Bonds, Series A, 6.500% due 7/1/56<sup>(d)</sup> | 1075531 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | North East Independent School District, GO, PSF-GTD-Insured, Series A, 4.000% due 8/1/41 | 956334 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | North Parkway Municipal Management District No 1, Special Assessment, 5.000% due 9/15/51<sup>(d)</sup> | 914066 |
|  |  | North Texas Tollway Authority, Revenue Bonds: |  |
| 1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 1/1/28 | 1768754 |
| 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 1/1/39 | 200741 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aaa<sup>(b)</sup> | Northside Independent School District, GO, PSF-GTD-Insured, Series B, 3.450% due 8/1/54<sup>(c)</sup> | 999577 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Pecos Barstow Toyah Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/38 | 1006280 |
|  |  | Permanent University Fund - University of Texas System, Revenue Bonds: |  |
| 5335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/39 | 5957939 |
| 3025000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 7/1/36 | 3412928 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Port of Beaumont Navigation District, Revenue Bonds, Series A, 5.250% due 1/1/54<sup>(a)(d)</sup> | 929978 |
|  |  | State of Texas, GO: |  |
| 150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;5.000% due 8/1/26<sup>(a)</sup> | 150225 |
| 200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;5.500% due 8/1/26<sup>(a)</sup> | 205260 |
| 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 8/1/25<sup>(a)</sup> | 350478 |
| 2750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds, Series A, 5.000% due 7/1/32 | 2957885 |
|  |  | Texas Department of Housing & Community Affairs, Revenue Bonds: |  |
| 384743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa1<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;2.950% due 7/1/36 | 328935 |
| 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 3/1/50 | 215661 |
| 2640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A1<sup>(b)</sup> | Texas Municipal Gas Acquisition & Supply Corp. V, Revenue Bonds, 5.000% due 1/1/33 | 2821734 |
| 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Texas Public Finance Authority, Revenue Bonds, 5.000% due 2/1/28 | 632075 |
| 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa2<sup>(b)</sup> | Texas State University System, Revenue Bonds, Series A, 5.000% due 3/15/29 | 139462 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br> Amount/Units** | **Face<br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | |
| **Texas - (continued)** | **Texas - (continued)** | **Texas - (continued)** | **Texas - (continued)** | **Texas - (continued)** |
|  |  |  | Texas Water Development Board, Revenue Bonds: |  |
| $| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;4.650% due 10/15/40 | $2037880 |
|  | 125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 4/15/26 | 127328 |
|  | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 4/15/29 | 198635 |
|  | 505000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 4/15/30 | 526518 |
|  |  |  | Tomball Independent School District, GO, PSF-GTD-Insured: |  |
|  | 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;4.000% due 2/15/50 | 1329936 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | &nbsp;&nbsp;&nbsp;5.000% due 2/15/26 | 2028530 |
|  |  |  | Total Texas | 98046525 |
| **Utah - 1.3%** | **Utah - 1.3%** | **Utah - 1.3%** | **Utah - 1.3%** |  |
|  | 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Black Desert Public Infrastructure District, Special Assessment, 5.625% due 12/1/53<sup>(d)</sup> | 588207 |
|  |  |  | City of Salt Lake City UT Airport Revenue, Revenue Bonds: |  |
|  | 115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/28<sup>(a)</sup> | 117874 |
|  | 155000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/30<sup>(a)</sup> | 159843 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 7/1/32<sup>(a)</sup> | 1056613 |
|  | 625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A+ | &nbsp;&nbsp;&nbsp;Series A, 5.250% due 7/1/36<sup>(a)</sup> | 671932 |
|  | 1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | City of Vineyard UT Water & Sewer Revenue, Revenue Bonds, 5.000% due 5/1/43 | 1289649 |
|  | 1400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A2<sup>(b)</sup> | Duchesne County School District, Revenue Bonds, 5.000% due 6/1/37 | 1441871 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Grapevine Wash Local District, Special Assessment, Series A2, 5.250% due 12/1/44<sup>(d)</sup> | 924459 |
|  | 1270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Mida Mountain Village Public Infrastructure District, Special Assessment, 4.000% due 8/1/50<sup>(d)</sup> | 1037802 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Mida Mountain Village Public Infrastructure District, Special Tax, Series 2, 6.000% due 6/15/54<sup>(d)</sup> | 502014 |
|  | 700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Wolf Creek Infrastructure Financing District No 1, Special Assessment, 5.750% due 12/1/44 | 687327 |
|  |  |  | Total Utah | 8477591 |
| **Vermont - 0.2%** | **Vermont - 0.2%** | **Vermont - 0.2%** | **Vermont - 0.2%** |  |
|  |  |  | Vermont Student Assistance Corp., Revenue Bonds: |  |
|  | 750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/15/29<sup>(a)</sup> | 768196 |
|  | 675000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/15/30<sup>(a)</sup> | 691879 |
|  |  |  | Total Vermont | 1460075 |
| **Virginia - 1.2%** | **Virginia - 1.2%** | **Virginia - 1.2%** | **Virginia - 1.2%** |  |
|  | 3180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | Hampton Roads Transportation Accountability Commission, Revenue Bonds, Series A, Prerefunded 1/1/28 @ 100, 5.000% due 7/1/35<sup>(e)</sup> | 3350383 |
|  | 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Peninsula Town Center Community Development Authority, Special Assessment, 4.500% due 9/1/45<sup>(d)</sup> | 1560155 |
|  | 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B- | Tobacco Settlement Financing Corp., Revenue Bonds, Series B1, 5.000% due 6/1/47 | 1726666 |
|  |  |  | Virginia College Building Authority, Revenue Bonds: |  |
|  | 165000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series D, 5.000% due 2/1/26 | 167295 |
|  | 265000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 2/1/30 | 278659 |
|  | 305000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series E, 5.000% due 2/1/31 | 320295 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | Virginia Resources Authority, Revenue Bonds, Series C, 5.000% due 11/1/29 | 543984 |
|  |  |  | Total Virginia | 7947437 |
| **Washington - 5.7%** | **Washington - 5.7%** | **Washington - 5.7%** | **Washington - 5.7%** |  |
|  | 1435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | County of King WA, GO, 5.000% due 12/1/40 | 1545089 |
|  | 1690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa2<sup>(b)</sup> | Grant County Public Hospital District No 1, GO, 5.500% due 12/1/43 | 1727631 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB+ | Grays Harbor County Public Hospital District No 1, Revenue Bonds, 6.875% due 12/1/53 | 1083898 |
|  |  |  | Port of Seattle WA, Revenue Bonds: |  |
|  | 1245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA- | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 5/1/36<sup>(a)</sup> | 1255936 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 10/1/26<sup>(a)</sup> | 1012938 |
|  | 980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 10/1/27<sup>(a)</sup> | 991745 |
|  | 135000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 10/1/29<sup>(a)</sup> | 136408 |
|  | 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baa3<sup>(b)</sup> | Skagit County Public Hospital District No 1, Revenue Bonds, 5.500% due 12/1/54 State of Washington, GO: | 583909 |
|  | 430000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 8/1/32 | 444345 |
|  | 7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series A3, 5.000% due 8/1/45 | 7723630 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series B, 5.000% due 6/1/44 | 2587648 |
|  | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series C, 5.000% due 2/1/33 | 5285370 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face <br> Amount/Units** | **Face <br> Amount/Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Rating††** | &nbsp;&nbsp;&nbsp;**Security** | **Value** |
| **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** | **MUNICIPAL BONDS - (continued)** |  | |
| **Washington - (continued)** | **Washington - (continued)** | **Washington - (continued)** | **Washington - (continued)** |  |
| $| 355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series R2018C, 5.000% due 8/1/30 | $367820 |
|  | 640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series R2018D, 5.000% due 8/1/33 | 660134 |
|  | 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series R2018D, 5.000% due 8/1/35 | 5138359 |
|  | 1375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series R2024C, 5.000% due 8/1/37 | 1506031 |
|  | 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | &nbsp;&nbsp;&nbsp;Series R2025B, 5.000% due 7/1/29 | 1950254 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | Washington State Convention Center Public Facilities District, Revenue Bonds, Series B, 3.000% due 7/1/48 | 684930 |
|  |  |  | Washington State Housing Finance Commission, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;5.500% due 7/1/59 | 1011819 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB | &nbsp;&nbsp;&nbsp;6.250% due 7/1/59<sup>(d)</sup> | 531187 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;Series A, 5.250% due 7/1/55<sup>(d)</sup> | 986051 |
|  |  |  | Total Washington | 37215132 |
| **Wisconsin - 1.8%** | **Wisconsin - 1.8%** | **Wisconsin - 1.8%** | **Wisconsin - 1.8%** |  |
|  | 3385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAA | County of Dane WI, GO, Series A, 3.000% due 6/1/25 | 3385000 |
|  |  |  | Public Finance Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;4.250% due 7/1/54<sup>(a)</sup> | 789010 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;5.750% due 12/1/54<sup>(d)</sup> | 976855 |
|  | 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aa2<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;Series A, 4.000% due 8/1/59 | 2495989 |
|  | 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 6/1/36<sup>(d)</sup> | 500161 |
|  | 190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BB | &nbsp;&nbsp;&nbsp;Series A, 5.000% due 12/15/44<sup>(d)</sup> | 178689 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BBB- | &nbsp;&nbsp;&nbsp;Series A, 5.750% due 7/1/53<sup>(d)</sup> | 980781 |
|  | 250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | &nbsp;&nbsp;&nbsp;Series A, 6.250% due 9/1/46<sup>(a)(d)</sup> | 253019 |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NR | Public Finance Authority, Special Tax, Series A, 5.000% due 6/1/41<sup>(d)</sup> | 983149 |
|  |  |  | Wisconsin Health & Educational Facilities Authority, Revenue Bonds: |  |
|  | 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA | &nbsp;&nbsp;&nbsp;4.000% due 4/1/39 | 926401 |
|  | 30000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>A2</sub><sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 6/1/32 | 30054 |
|  | 70000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sub>A2</sub><sup>(b)</sup> | &nbsp;&nbsp;&nbsp;5.000% due 6/1/39 | 70054 |
|  | 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AA+ | Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Revenue Bonds, Series A, 3.500% due 9/1/50 | 258350 |
|  |  |  | Total Wisconsin | 11827512 |
|  |  |  | **TOTAL MUNICIPAL BONDS** |  |
|  |  |  | (Cost - $625,245,505) | **613014741** |

---

---

| | | |
|:---|:---|:---|
| **Shares/Units** |  |  |
| **EXCHANGE TRADED FUND (ETF) - 0.8%** | **EXCHANGE TRADED FUND (ETF) - 0.8%** |  |
| 106806 | Vanguard Tax-Exempt Bond Index<sup>(h)</sup><br> (Cost - $5,224,062) | 5212132 |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $630,469,567) | **618226873** |

---

---

| | | |
|:---|:---|:---|
| **Face Amount** |  |  |
| **SHORT-TERM INVESTMENTS - 4.4%** | **SHORT-TERM INVESTMENTS - 4.4%** |  |
| **MUNICIPAL BOND - 0.8%** | **MUNICIPAL BOND - 0.8%** |  |
| $5300000 | City of Los Angeles CA, Revenue Notes, 5.000% due 6/26/25 |  |
|  | (Cost - $5,305,327) | 5305327 |
| **TIME DEPOSITS - 3.6%** | **TIME DEPOSITS - 3.6%** |  |
| 7458579 | Citibank - New York, 3.680% due 6/2/25 | 7458579 |
| 9120901 | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 9120901 |
| 6984786 | Royal Bank of Canada - Toronto, 3.680% due 6/2/25 | 6984786 |
|  | **TOTAL TIME DEPOSITS** |  |
|  | (Cost - $23,564,266) | **23564266** |
|  | **TOTAL SHORT-TERM INVESTMENTS** |  |
|  | (Cost - $28,869,593) | **28869593** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.2%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 0.2%** |  |
| **MONEY MARKET FUND - 0.2%** | **MONEY MARKET FUND - 0.2%** |  |
| 1367260 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(i)</sup> |  |
|  | (Cost - $1,367,260) | $1367260 |
|  | **TOTAL INVESTMENTS - 99.5%** |  |
|  | (Cost - $660,706,420) | **648463726** |
|  | Other Assets in Excess of Liabilities - 0.5% | 3015720 |
|  | **TOTAL NET ASSETS - 100.0%** | $**651479446** |

---

†† All ratings are by Standard & Poor's Rating Service, unless otherwise noted.

(a) Income from this issue is considered a preference item for purposes of calculating the alternative minimum
tax (AMT).

(b) Rating by Moody's Investors Service. All ratings are unaudited.

(c) Variable rate security. Interest rate disclosed is that which was in effect at May 31, 2025.

(d) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A
under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees,
unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025, amounts to $48,951,201 and represents 7.51%
of net assets.

(e) Pre-refunded bonds are escrowed with government obligations and/or government agency securities and are
considered by the Manager to be triple-A rated even if the issuer has not applied for new ratings.

(f) Rating by Fitch Ratings Service. All ratings are unaudited.

(g) When-Issued or delayed delivery security.

(h) All or a portion of this security is on loan.

(i) Represents investment of collateral received from securities lending transactions.

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| AGM | **—** | Assured Guaranty Municipal Corporation |
| COP | **—** | Certificate of Participation |
| ETF | **—** | Exchange Traded Fund |
| GO | **—** | General Obligation |
| MTA | **—** | Metropolitan Transportation Authority |
| PSF-GTD | **—** | Permanent School Fund Guaranteed |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Municipal Fixed Income Fund (concluded)**

---

| | |
|:---|:---|
| **Summary of Investments by Security Industry^** | |
| General Obligation | 39.1% |
| Education | 15.5 |
| Water and Sewer | 8.2 |
| Development | 6.6 |
| Health Care Providers & Services | 6.2 |
| Airport | 5.9 |
| Transportation | 4.8 |
| Multifamily Housing | 1.5 |
| Power | 1.2 |
| Tobacco Settlement | 1 |
| Bond Bank | 0.8 |
| Utilities | 0.8 |
| Single Family Housing | 0.8 |
| Housing | 0.7 |
| Nursing Homes | 0.6 |
| Student Loan | 0.4 |
| Mello-Roos | 0.2 |
| Pollution | 0.1 |
| Facilities | 0.1 |
| Exchange Traded Funds (ETF) | 0.8 |
| Short-Term Investments | 4.5 |
| Money Market Fund. | 0.2 |
|  | 100.0% |

---

^ As a percentage of total investments.

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - 99.3%** | **COMMON STOCKS - 99.3%** |  |
| **BASIC MATERIALS - 1.3%** | **BASIC MATERIALS - 1.3%** |  |
| **Chemicals - 1.0%** | **Chemicals - 1.0%** |  |
| 1139 | Linde PLC | $532574 |
| 1433 | LyondellBasell Industries NV, Class A Shares | 80950 |
| 2160 | Nutrien Ltd. | 127505 |
| 1472 | RPM International Inc. | 167572 |
|  | Total Chemicals | 908601 |
| **Iron/Steel - 0.0%** | **Iron/Steel - 0.0%** |  |
| 3511 | Vale SA, Class B Shares, ADR | 32055 |
| **Mining - 0.3%** | **Mining - 0.3%** |  |
| 1743 | Barrick Mining Corp. | 33396 |
| 4479 | Freeport-McMoRan Inc. | 172352 |
| 376 | Rio Tinto PLC, ADR | 22346 |
| 410 | Southern Copper Corp. | 37273 |
|  | Total Mining | 265367 |
|  | **TOTAL BASIC MATERIALS** | **1206023** |
| **COMMUNICATIONS - 16.1%** | **COMMUNICATIONS - 16.1%** |  |
| **Internet - 13.8%** | **Internet - 13.8%** |  |
| 801 | Alphabet Inc., Class A Shares<sup>(a)</sup> | 137564 |
| 23660 | Alphabet Inc., Class C Shares<sup>(a)</sup> | 4089631 |
| 18181 | Amazon.com Inc.<sup>\*(a)</sup> | 3727287 |
| 104 | Booking Holdings Inc. | 573969 |
| 22 | MercadoLibre Inc.<sup>\*</sup> | 56392 |
| 4097 | Meta Platforms Inc., Class A Shares<sup>(a)</sup> | 2652767 |
| 967 | Netflix Inc.<sup>\*(a)</sup> | 1167391 |
| 1111 | Roku Inc., Class A Shares<sup>\*</sup> | 80503 |
| 779 | Shopify Inc., Class A Shares<sup>\*</sup> | 83524 |
| 4832 | Uber Technologies Inc.<sup>\*</sup> | 406661 |
|  | Total Internet | 12975689 |
| **Media - 1.0%** |  |  |
| 11134 | Comcast Corp., Class A Shares | 384903 |
| 273 | FactSet Research Systems Inc. | 125105 |
| 253 | New York Times Co., Class A Shares | 14451 |
| 3548 | Walt Disney Co.<sup>(a)</sup> | 401066 |
|  | Total Media | 925525 |
| **Telecommunications - 1.3%** | **Telecommunications - 1.3%** |  |
| 505 | Ciena Corp.<sup>\*</sup> | 40430 |
| 9325 | Cisco Systems Inc.<sup>(a)</sup> | 587848 |
| 13618 | Telefonaktiebolaget LM Ericsson, ADR | 115208 |
| 10541 | Verizon Communications Inc.<sup>(a)</sup> | 463383 |
|  | Total Telecommunications | 1206869 |
|  | **TOTAL COMMUNICATIONS** | **15108083** |
| **CONSUMER CYCLICAL - 8.5%** | **CONSUMER CYCLICAL - 8.5%** |  |
| **Airlines - 0.3%** | **Airlines - 0.3%** |  |
| 4966 | Delta Air Lines Inc. | 240305 |
| **Apparel - 0.2%** | **Apparel - 0.2%** |  |
| 2474 | Skechers USA Inc., Class A Shares<sup>\*</sup> | 153487 |
| **Auto Manufacturers - 2.0%** | **Auto Manufacturers - 2.0%** |  |
| 5459 | Tesla Inc.<sup>\*(a)</sup> | 1891325 |
| **Auto Parts & Equipment - 0.2%** | **Auto Parts & Equipment - 0.2%** |  |
| 630 | Autoliv Inc. | 64776 |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |

---

**Destinations Shelter Fund (continued)**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER CYCLICAL - (continued)** | **CONSUMER CYCLICAL - (continued)** |  |
| **Auto Parts & Equipment - (continued)** | **Auto Parts & Equipment - (continued)** |  |
| 2785 | Goodyear Tire & Rubber Co.<sup>\*</sup> | $31777 |
| 1368 | Magna International Inc. | 49631 |
|  | Total Auto Parts & Equipment | 146184 |
| **Distribution/Wholesale - 0.3%** | **Distribution/Wholesale - 0.3%** |  |
| 307 | WW Grainger Inc. | 333881 |
| **Entertainment - 0.0%** | **Entertainment - 0.0%** |  |
| 318 | DraftKings Inc., Class A Shares<sup>\*</sup> | 11410 |
| 198 | Light & Wonder Inc.<sup>\*</sup> | 17844 |
|  | Total Entertainment | 29254 |
| **Food Service - 0.0%** | **Food Service - 0.0%** |  |
| 1163 | Aramark | 47102 |
| **Home Builders - 0.3%** | **Home Builders - 0.3%** |  |
| 2377 | Toll Brothers Inc. | 247802 |
| **Leisure Time - 0.1%** | **Leisure Time - 0.1%** |  |
| 1057 | Brunswick Corp. | 53505 |
| 1589 | Harley-Davidson Inc. | 38470 |
| 223 | Planet Fitness Inc., Class A Shares<sup>\*</sup> | 22931 |
|  | Total Leisure Time | 114906 |
| **Lodging - 0.1%** | **Lodging - 0.1%** |  |
| 1943 | Las Vegas Sands Corp. | 79974 |
| **Retail - 5.0%** | **Retail - 5.0%** |  |
| 211 | Burlington Stores Inc.<sup>\*</sup> | 48165 |
| 1119 | Costco Wholesale Corp. | 1163961 |
| 248 | Dick's Sporting Goods Inc. | 44476 |
| 1712 | Home Depot Inc.<sup>(a)</sup> | 630513 |
| 1802 | Lowe's Cos., Inc. | 406765 |
| 1807 | McDonald's Corp. | 567127 |
| 831 | Restaurant Brands International Inc. | 59342 |
| 4005 | TJX Cos., Inc. | 508235 |
| 11892 | Walmart Inc.<sup>(a)</sup> | 1173978 |
| 482 | Williams-Sonoma Inc. | 77968 |
|  | Total Retail | 4680530 |
|  | **TOTAL CONSUMER CYCLICAL** | **7964750** |
| **CONSUMER NON-CYCLICAL - 13.7%** | **CONSUMER NON-CYCLICAL - 13.7%** |  |
| **Agriculture - 1.2%** | **Agriculture - 1.2%** |  |
| 2467 | British American Tobacco PLC, ADR | 111508 |
| 5541 | Philip Morris International Inc. | 1000649 |
|  | Total Agriculture | 1112157 |
| **Beverages - 1.4%** | **Beverages - 1.4%** |  |
| 7937 | Coca-Cola Co. | 572258 |
| 1074 | Constellation Brands Inc., Class A Shares | 191484 |
| 4184 | Keurig Dr Pepper Inc. | 140875 |
| 2726 | Molson Coors Beverage Co., Class B Shares | 146086 |
| 3491 | Monster Beverage Corp.<sup>\*</sup> | 223249 |
|  | Total Beverages | 1273952 |
| **Biotechnology - 0.8%** | **Biotechnology - 0.8%** |  |
| 185 | Alnylam Pharmaceuticals Inc.<sup>\*</sup> | 56344 |
| 1564 | Amgen Inc. | 450714 |
| 261 | Biogen Inc.<sup>\*</sup> | 33875 |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund (continued)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Biotechnology - (continued)** | **Biotechnology - (continued)** |  |
| 193 | BioMarin Pharmaceutical Inc.<sup>\*</sup> | $11207 |
| 326 | Regeneron Pharmaceuticals Inc. | 159831 |
| 182 | United Therapeutics Corp.<sup>\*</sup> | 58031 |
|  | Total Biotechnology | 770002 |
| **Commercial Services - 1.3%** | **Commercial Services - 1.3%** |  |
| 1769 | Automatic Data Processing Inc. | 575863 |
| 1470 | Block Inc., Class A Shares<sup>\*</sup> | 90773 |
| 509 | Booz Allen Hamilton Holding Corp., Class A Shares | 54081 |
| 99 | Herc Holdings Inc. | 12276 |
| 913 | S&P Global Inc. | 468241 |
| 394 | TransUnion | 33738 |
|  | Total Commercial Services | 1234972 |
| **Cosmetics/Personal Care - 0.1%** | **Cosmetics/Personal Care - 0.1%** |  |
| 2012 | Estee Lauder Cos., Inc., Class A Shares | 134683 |
| 232 | Perrigo Co. PLC | 6211 |
|  | Total Cosmetics/Personal Care | 140894 |
| **Food - 0.6%** | **Food - 0.6%** |  |
| 3024 | Campbell's Co. | 102937 |
| 713 | JM Smucker Co. | 80291 |
| 2996 | Kellanova | 247559 |
| 1696 | US Foods Holding Corp.<sup>\*</sup> | 134188 |
|  | Total Food | 564975 |
| **Healthcare-Products - 2.1%** | **Healthcare-Products - 2.1%** |  |
| 3801 | Abbott Laboratories | 507738 |
| 1138 | Alcon AG | 97800 |
| 1346 | Danaher Corp. | 255605 |
| 1670 | Enovis Corp.<sup>\*</sup> | 52271 |
| 546 | Exact Sciences Corp.<sup>\*</sup> | 30729 |
| 1694 | GE HealthCare Technologies Inc. | 119495 |
| 948 | Intuitive Surgical Inc.<sup>\*</sup> | 523618 |
| 542 | Solventum Corp.<sup>\*</sup> | 39615 |
| 538 | Waters Corp.<sup>\*</sup> | 187891 |
| 1278 | Zimmer Biomet Holdings Inc. | 117793 |
|  | Total Healthcare-Products | 1932555 |
| **Healthcare-Services - 1.5%** | **Healthcare-Services - 1.5%** |  |
| 1135 | Cigna Group | 359386 |
| 827 | Elevance Health Inc. | 317436 |
| 230 | ICON PLC, ADR<sup>\*</sup> | 29964 |
| 374 | Molina Healthcare Inc.<sup>\*</sup> | 114085 |
| 2070 | UnitedHealth Group Inc.<sup>(a)</sup> | 624954 |
|  | Total Healthcare-Services | 1445825 |
| **Household Products/Wares - 0.7%** | **Household Products/Wares - 0.7%** |  |
| 1006 | Clorox Co. | 132671 |
| 3421 | Kimberly-Clark Corp. | 491803 |
| 388 | Spectrum Brands Holdings Inc. | 22415 |
|  | Total Household Products/Wares | 646889 |
| **Pharmaceuticals - 4.0%** | **Pharmaceuticals - 4.0%** |  |
| 3952 | AbbVie Inc. | 735507 |
| 1291 | AstraZeneca PLC, ADR | 94023 |
| 1333 | DexCom Inc.<sup>\*</sup> | 114371 |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund (continued)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **CONSUMER NON-CYCLICAL - (continued)** | **CONSUMER NON-CYCLICAL - (continued)** |  |
| **Pharmaceuticals - (continued)** | **Pharmaceuticals - (continued)** |  |
| 1719 | Eli Lilly & Co. | $1268055 |
| 238 | Jazz Pharmaceuticals PLC<sup>\*</sup> | 25721 |
| 3985 | Johnson & Johnson<sup>(a)</sup> | 618512 |
| 6076 | Merck & Co., Inc. | 466880 |
| 183 | Novartis AG, ADR | 21184 |
| 16231 | Pfizer Inc. | 381266 |
| 2538 | Teva Pharmaceutical Industries Ltd., ADR<sup>\*</sup> | 42588 |
|  | Total Pharmaceuticals | 3768107 |
|  | **TOTAL CONSUMER NON-CYCLICAL** | **12890328** |
| **ENERGY - 3.0%** | **ENERGY - 3.0%** |  |
| **Oil & Gas - 2.5%** | **Oil & Gas - 2.5%** |  |
| 3338 | Canadian Natural Resources Ltd. | 101375 |
| 1579 | Cenovus Energy Inc. | 20811 |
| 4381 | Chevron Corp. | 598883 |
| 10298 | Exxon Mobil Corp.<sup>(a)</sup> | 1053485 |
| 982 | HF Sinclair Corp. | 35480 |
| 3501 | Occidental Petroleum Corp. | 142771 |
| 1205 | Ovintiv Inc. | 43163 |
| 1598 | Phillips 66 | 181341 |
| 629 | Range Resources Corp. | 23927 |
| 2703 | Suncor Energy Inc. | 96092 |
|  | Total Oil & Gas | 2297328 |
| **Oil & Gas Services - 0.2%** | **Oil & Gas Services - 0.2%** |  |
| 1770 | NOV Inc. | 21240 |
| 5640 | Schlumberger NV | 186402 |
|  | Total Oil & Gas Services | 207642 |
| **Pipelines - 0.3%** | **Pipelines - 0.3%** |  |
| 451 | Enbridge Inc. | 20962 |
| 51 | South Bow Corp. | 1326 |
| 1562 | Targa Resources Corp. | 246687 |
| 257 | TC Energy Corp. | 13014 |
|  | Total Pipelines | 281989 |
|  | **TOTAL ENERGY** | **2786959** |
| **FINANCIAL - 16.7%** | **FINANCIAL - 16.7%** |  |
| **Banks - 4.7%** | **Banks - 4.7%** |  |
| 2682 | Banco Bradesco SA, ADR | 7724 |
| 7616 | Bank of America Corp.<sup>(a)</sup> | 336094 |
| 60 | Bank of Montreal | 6441 |
| 255 | Cullen/Frost Bankers Inc. | 32380 |
| 1227 | East West Bancorp Inc. | 111902 |
| 2100 | First Horizon Corp. | 41748 |
| 1246 | Goldman Sachs Group Inc. | 748161 |
| 554 | ICICI Bank Ltd., ADR | 18969 |
| 4796 | Itau Unibanco Holding SA, ADR | 31606 |
| 6735 | JPMorgan Chase & Co.<sup>(a)</sup> | 1778040 |
| 872 | M&T Bank Corp. | 159262 |
| 3567 | Morgan Stanley | 456683 |
| 9852 | Wells Fargo & Co. | 736732 |
|  | Total Banks | 4465742 |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund (continued)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **FINANCIAL - (continued)** | **FINANCIAL - (continued)** |  |
| **Diversified Financial Services - 4.8%** | **Diversified Financial Services - 4.8%** |  |
| 2097 | American Express Co. | $616623 |
| 940 | Ameriprise Financial Inc. | 478686 |
| 470 | Brookfield Asset Management Ltd., Class A Shares | 26367 |
| 28 | Credit Acceptance Corp.<sup>\*</sup> | 13364 |
| 684 | Evercore Inc., Class A Shares | 158339 |
| 1682 | Jefferies Financial Group Inc. | 81745 |
| 2305 | Mastercard Inc., Class A Shares<sup>(a)</sup> | 1349808 |
| 2501 | Nasdaq Inc. | 208934 |
| 4380 | Visa Inc., Class A Shares<sup>(a)</sup> | 1599532 |
| 249 | Voya Financial Inc. | 16563 |
|  | Total Diversified Financial Services | 4549961 |
| **Equity Real Estate Investment Trusts (REITs) - 2.2%** | **Equity Real Estate Investment Trusts (REITs) - 2.2%** |  |
| 2139 | American Homes 4 Rent, Class A Shares | 80961 |
| 5707 | CubeSmart | 244031 |
| 4397 | Equity Residential | 308406 |
| 9042 | Realty Income Corp. | 511958 |
| 1269 | SBA Communications Corp., Class A Shares | 294269 |
| 15232 | VICI Properties Inc., Class A Shares | 483007 |
| 2986 | WP Carey Inc. | 187401 |
|  | Total Equity Real Estate Investment Trusts (REITs) | 2110033 |
| **Insurance - 4.5%** | **Insurance - 4.5%** |  |
| 3161 | Aflac Inc. | 327290 |
| 756 | Aon PLC, Class A Shares | 281292 |
| 1800 | Arthur J Gallagher & Co. | 625392 |
| 3624 | Berkshire Hathaway Inc., Class B Shares<sup>\*</sup> | 1826351 |
| 2817 | Brown & Brown Inc. | 318039 |
| 2124 | Fidelity National Financial Inc. | 116331 |
| 5545 | Manulife Financial Corp. | 176553 |
| 104 | Markel Group Inc.<sup>\*</sup> | 201937 |
| 187 | RenaissanceRe Holdings Ltd. | 46642 |
| 1618 | Unum Group | 132207 |
| 2545 | WR Berkley Corp. | 190086 |
|  | Total Insurance | 4242120 |
| **Private Equity - 0.3%** | **Private Equity - 0.3%** |  |
| 4187 | Brookfield Corp. | 241674 |
| **Real Estate - 0.2%** | **Real Estate - 0.2%** |  |
| 665 | Jones Lang LaSalle Inc.<sup>\*</sup> | 148096 |
|  | **TOTAL FINANCIAL** | **15757626** |
| **INDUSTRIAL - 8.2%** | **INDUSTRIAL - 8.2%** |  |
| **Aerospace/Defense - 1.9%** | **Aerospace/Defense - 1.9%** |  |
| 1578 | Boeing Co.<sup>\*</sup> | 327151 |
| 1276 | General Dynamics Corp. | 355353 |
| 3238 | General Electric Co. | 796257 |
| 893 | HEICO Corp. | 267578 |
|  | Total Aerospace/Defense | 1746339 |
| **Building Materials - 0.3%** | **Building Materials - 0.3%** |  |
| 315 | Lennox International Inc. | 177802 |
| 1075 | Louisiana-Pacific Corp. | 96825 |
|  | Total Building Materials | 274627 |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund (continued)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **INDUSTRIAL - (continued)** | **INDUSTRIAL - (continued)** |  |
| **Electrical Components & Equipment - 0.4%** | **Electrical Components & Equipment - 0.4%** |  |
| 359 | Acuity Inc. | 93300 |
| 1651 | AMETEK Inc. | 295100 |
|  | Total Electrical Components & Equipment | 388400 |
| **Electronics - 0.7%** | **Electronics - 0.7%** |  |
| 7600 | Amphenol Corp., Class A Shares | 683468 |
| **Engineering & Construction - 0.1%** | **Engineering & Construction - 0.1%** |  |
| 694 | AECOM | 76236 |
| **Environmental Control - 0.6%** | **Environmental Control - 0.6%** |  |
| 1466 | Republic Services Inc., Class A Shares | 377187 |
| 806 | Waste Connections Inc. | 158855 |
|  | Total Environmental Control | 536042 |
| **Hand/Machine Tools - 0.2%** | **Hand/Machine Tools - 0.2%** |  |
| 1037 | Lincoln Electric Holdings Inc. | 200753 |
| **Machinery-Construction & Mining - 1.2%** | **Machinery-Construction & Mining - 1.2%** |  |
| 1347 | BWX Technologies Inc. | 169183 |
| 1605 | Caterpillar Inc. | 558588 |
| 777 | GE Vernova Inc. | 367506 |
|  | Total Machinery-Construction & Mining | 1095277 |
| **Machinery-Diversified - 1.2%** | **Machinery-Diversified - 1.2%** |  |
| 216 | Cognex Corp. | 6474 |
| 911 | Deere & Co. | 461203 |
| 1956 | Graco Inc. | 165595 |
| 710 | IDEX Corp. | 128446 |
| 564 | Rockwell Automation Inc. | 177970 |
| 1686 | Xylem Inc. | 212503 |
|  | Total Machinery-Diversified | 1152191 |
| **Miscellaneous Manufacturers - 0.6%** | **Miscellaneous Manufacturers - 0.6%** | **Miscellaneous Manufacturers - 0.6%** |
| 2170 | 3M Co. | 321920 |
| 330 | Carlisle Cos., Inc. | 125459 |
| 1974 | Textron Inc. | 146135 |
|  | Total Miscellaneous Manufacturers | 593514 |
| **Packaging & Containers - 0.3%** | **Packaging & Containers - 0.3%** | **Packaging & Containers - 0.3%** |
| 617 | Crown Holdings Inc. | 60775 |
| 906 | Packaging Corp. of America | 175012 |
| 1417 | Sonoco Products Co. | 64530 |
|  | Total Packaging & Containers | 300317 |
| **Transportation - 0.7%** | **Transportation - 0.7%** | **Transportation - 0.7%** |
| 937 | Canadian National Railway Co. | 98329 |
| 1121 | Canadian Pacific Kansas City Ltd. | 91529 |
| 4579 | United Parcel Service Inc., Class B Shares | 446636 |
| 441 | XPO Inc.<sup>\*</sup> | 50199 |
|  | Total Transportation | 686693 |
|  | **TOTAL INDUSTRIAL** | **7733857** |
| **TECHNOLOGY - 29.4%** | **TECHNOLOGY - 29.4%** | **TECHNOLOGY - 29.4%** |
| **Computers - 7.2%** | **Computers - 7.2%** | **Computers - 7.2%** |
| 928 | Accenture PLC, Class A Shares | 294009 |
| 28555 | Apple Inc.<sup>(a)</sup> | 5735272 |
| 484 | Check Point Software Technologies Ltd.<sup>\*</sup> | 110778 |
| 1294 | Dell Technologies Inc., Class C Shares | 143983 |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund (continued)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **TECHNOLOGY - (continued)** | **TECHNOLOGY - (continued)** |  |
| **Computers - (continued)** | **Computers - (continued)** |  |
| 1944 | International Business Machines Corp. | $503612 |
| 1289 | Super Micro Computer Inc.<sup>\*</sup> | 51586 |
|  | Total Computers | 6839240 |
| **Semiconductors - 11.7%** | **Semiconductors - 11.7%** |  |
| 3089 | Advanced Micro Devices Inc.<sup>\*</sup> | 342045 |
| 2132 | Applied Materials Inc. | 334191 |
| 85 | ASML Holding NV, Class NY Registered Shares, ADR | 62625 |
| 9604 | Broadcom Inc.<sup>(a)</sup> | 2324840 |
| 285 | Cirrus Logic Inc.<sup>\*</sup> | 28033 |
| 682 | Entegris Inc. | 46881 |
| 7879 | Intel Corp. | 154034 |
| 4910 | Lam Research Corp. | 396679 |
| 1117 | Marvell Technology Inc. | 67232 |
| 2601 | Micron Technology Inc. | 245691 |
| 47808 | NVIDIA Corp.<sup>(a)</sup> | 6460295 |
| 852 | NXP Semiconductors NV | 162843 |
| 781 | ON Semiconductor Corp.<sup>\*</sup> | 32818 |
| 1674 | QUALCOMM Inc. | 243065 |
| 544 | Silicon Laboratories Inc.<sup>\*</sup> | 65568 |
| 176 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 34024 |
|  | Total Semiconductors | 11000864 |
| **Software - 10.5%** | **Software - 10.5%** |  |
| 786 | Adobe Inc.<sup>\*(a)</sup> | 326261 |
| 631 | Intuit Inc. | 475440 |
| 14080 | Microsoft Corp.<sup>(a)</sup> | 6481869 |
| 4076 | Oracle Corp. | 674700 |
| 3993 | Palantir Technologies Inc., Class A Shares<sup>\*</sup> | 526198 |
| 2247 | Salesforce Inc.<sup>(a)</sup> | 596286 |
| 470 | SAP SE, ADR | 142344 |
| 551 | ServiceNow Inc.<sup>\*</sup> | 557111 |
| 107 | Veeva Systems Inc., Class A Shares<sup>\*</sup> | 29928 |
| 546 | Zoom Communications Inc., Class A Shares<sup>\*</sup> | 44362 |
|  | Total Software | 9854499 |
|  | **TOTAL TECHNOLOGY** | **27694603** |
| **UTILITIES - 2.4%** | **UTILITIES - 2.4%** |  |
| **Electric - 2.1%** | **Electric - 2.1%** |  |
| 4555 | Ameren Corp. | 441288 |
| 3696 | American Electric Power Co., Inc. | 382499 |
| 3809 | Consolidated Edison Inc. | 398002 |
| 11604 | PPL Corp. | 403239 |
| 5435 | Xcel Energy Inc. | 380994 |
|  | Total Electric | 2006022 |
| **Water - 0.3%** | **Water - 0.3%** |  |
| 5724 | Essential Utilities Inc. | 220546 |
|  | **TOTAL UTILITIES** | **2226568** |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost - $61,970,246) | **93368797** |

---

---

| |
|:---|
| **Schedules of Investments** |
| **May 31, 2025 (unaudited)** |
| **Destinations Shelter Fund (continued)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Number of<br> Contracts** | **Notional<br> Amounts** | **Security** | **Value** |
| **PURCHASED OPTIONS - 0.8%** | **PURCHASED OPTIONS - 0.8%** | **PURCHASED OPTIONS - 0.8%** | **PURCHASED OPTIONS - 0.8%** |
| **Index Option - 0.8%** | **Index Option - 0.8%** | **Index Option - 0.8%** | **Index Option - 0.8%** |
| 52 | $30740788 | S&P 500 Index Options, Put, @ $5,330.00, expires 06/30/2025, Counterparty: MSC | $68380 |
| 52 | 30740788 | S&P 500 Index Options, Put, @ $5,275.00, expires 07/31/2025, Counterparty: MSC | 174460 |
| 52 | 30740788 | S&P 500 Index Options, Put, @ $5,625.00, expires 08/29/2025, Counterparty: MSC | 544440 |
|  |  | **TOTAL PURCHASED OPTIONS** <br> (Cost - $1,734,749) | **787280** |
|  |  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS** <br> (Cost - $63,704,995) | **94156077** |

---

---

| | | |
|:---|:---|:---|
| **Face Amount** | |  |
| **SHORT-TERM INVESTMENT - 1.7%** | **SHORT-TERM INVESTMENT - 1.7%** |  |
| **TIME DEPOSIT - 1.7%** | **TIME DEPOSIT - 1.7%** |  |
| $1588735 | Citibank - New York, 3.680% due 6/2/25 |  |
|  | (Cost - $1,588,735) | 1588735 |
|  | **TOTAL INVESTMENTS - 101.8%** |  |
|  | (Cost - $65,293,730) | **95744812** |
|  | Liabilities in Excess of Other Assets - (1.8)% | (1675484) |
|  | **TOTAL NET ASSETS - 100.0%** | $**94069328** |

---

\* Non-income producing security.

(a) All or a portion of this security is pledged by the Fund as collateral for short sales or derivative transactions.

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| ADR | **—** | American Depositary Receipts |
| PLC | **—** | Public Limited Company |
| REIT | **—** | Real Estate Investment Trust |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Sector^** | |
| Technology | 28.9% |
| Financial | 16.4 |
| Communications | 15.8 |
| Consumer Non-cyclical | 13.5 |
| Consumer Cyclical | 8.3 |
| Industrial | 8.1 |
| Energy | 2.9 |
| Utilities | 2.3 |
| Basic Materials | 1.3 |
| Purchased Options | 0.8 |
| Short-Term Investments | 1.7 |
|  | 100.0% |

---

^ As a percentage of total investments.

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Shelter Fund (concluded)**

**Schedule of Options Contracts Written**

**Equity Options**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of <br> Contracts** | **Notional <br> Amount** | **Security Name** | **Counterparty** | **Expiration <br> Date** | **Exercise <br> Rate** | **Value** |
| 52 | $30740788 | S&P 500 Index Options, Put | MSC | 6/30/25 | $4500.00 | $(10790) |
| 26 | 15370394 | S&P 500 Index Options, Call | MSC | 6/30/25 | 5890.00 | (328640) |
| 52 | 30740788 | S&P 500 Index Options, Put | MSC | 7/31/25 | 4450.00 | (39260) |
| 27 | 15961563 | S&P 500 Index Options, Call | MSC | 7/31/25 | 5875.00 | (542295) |
| 52 | 30740788 | S&P 500 Index Options, Put | MSC | 8/29/25 | 4750.00 | (116480) |
| 26 | 15370394 | S&P 500 Index Options, Call | MSC | 8/29/25 | 6200.00 | (196040) |
|  |  | **TOTAL OPTIONS CONTRACTS WRITTEN** |  |  |  |  |
|  |  | **(Premiums received — $1,061,858)** |  |  |  | $**(1233505)** |

---

---

| | | |
|:---|:---|:---|
| Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: |
| MSC | **—** | Morgan Stanley |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)** 

**Destinations Real Assets Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** |  |
| **Australia - 3.9%** | **Australia - 3.9%** |  |
| 379238 | Atlas Arteria Ltd. | $1297957 |
| 29093 | Charter Hall Group | 340672 |
| 18795 | Charter Hall Long Wale REIT | 50031 |
| 15652 | Charter Hall Retail REIT | 39788 |
| 133208 | Cleanaway Waste Management Ltd. | 241372 |
| 14704 | Dexus | 66338 |
| 131620 | Goodman Group | 2791793 |
| 64498 | HMC Capital Ltd., REIT | 210879 |
| 72815 | Ingenia Communities Group | 268738 |
| 10222 | Lifestyle Communities Ltd. | 45187 |
| 138608 | NEXTDC Ltd.<sup>\*</sup> | 1170882 |
| 146900 | Qube Holdings Ltd. | 401420 |
| 252520 | Scentre Group | 597312 |
| 245067 | Stockland | 862429 |
| 318224 | Transurban Group | 2911093 |
| 181435 | Vicinity Ltd. | 288532 |
|  | Total Australia | 11584423 |
| **Belgium - 0.6%** |  |  |
| 2969 | Aedifica SA | 224245 |
| 4601 | Montea NV | 340565 |
| 35278 | Titan America SA<sup>\*</sup> | 504475 |
| 8673 | Titan SA | 394260 |
| 1492 | VGP NV | 142882 |
| 10328 | Warehouses De Pauw CVA | 252112 |
|  | Total Belgium | 1858539 |
| **Bermuda - 0.1%** |  |  |
| 37485 | DHT Holdings Inc. | 434076 |
| **Canada - 10.0%** |  |  |
| 16424 | AltaGas Ltd. | 458845 |
| 47570 | ARC Resources Ltd. | 994140 |
| 2826 | Boardwalk Real Estate Investment Trust | 144291 |
| 8703 | Cameco Corp. | 509387 |
| 5027 | Canadian National Railway Co. | 528433 |
| 50730 | Canadian Natural Resources Ltd. | 1540364 |
| 2389 | Canadian Pacific Kansas City Ltd. | 195062 |
| 32992 | Canfor Corp.<sup>\*</sup> | 312527 |
| 256012 | Capstone Copper Corp.<sup>\*</sup> | 1387933 |
| 5256 | Chartwell Retirement Residences | 71275 |
| 11743 | CT Real Estate Investment Trust | 136139 |
| 39387 | Dream Industrial Real Estate Investment Trust<sup>(a)</sup> | 320870 |
| 33177 | Enbridge Inc. | 1542067 |
| 76621 | Enbridge Inc. | 3565988 |
| 70692 | ERO Copper Corp.<sup>\*</sup> | 998296 |
| 8336 | GFL Environmental Inc. | 420384 |
| 61830 | Gibson Energy Inc. | 1020926 |
| 151332 | Hudbay Minerals Inc. | 1349881 |
| 28104 | InterRent Real Estate Investment Trust<sup>(a)</sup> | 279535 |
| 18736 | Ivanhoe Mines Ltd., Class A Shares<sup>\*</sup> | 145126 |
| 21327 | Killam Apartment Real Estate Investment Trust | 302418 |
| 50742 | Methanex Corp. | 1656219 |
| 11625 | Nexus Industrial REIT<sup>(a)</sup> | 62261 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Canada - (continued)** | **Canada - (continued)** |  |
| 29189 | Nutrien Ltd. | $1723027 |
| 16745 | Pan American Silver Corp. | 408410 |
| 39038 | Parex Resources Inc. | 386013 |
| 23235 | Pembina Pipeline Corp. | 870752 |
| 28449 | Primaris Real Estate Investment Trust | 318000 |
| 13363 | RioCan Real Estate Investment Trust<sup>(a)</sup> | 168845 |
| 25126 | Sienna Senior Living Inc.<sup>(a)</sup> | 340909 |
| 41052 | Suncor Energy Inc. | 1459399 |
| 7724 | TC Energy Corp. | 391392 |
| 23886 | Teck Resources Ltd., Class B Shares | 884976 |
| 17128 | Tourmaline Oil Corp. | 772311 |
| 7089 | Waste Connections Inc. | 1397171 |
| 10846 | West Fraser Timber Co., Ltd. | 799017 |
| 15910 | Wheaton Precious Metals Corp. | 1380192 |
|  | Total Canada | 29242781 |
| **China - 0.2%** |  |  |
| 404500 | China Tower Corp., Ltd, Class H Shares<sup>(b)</sup> | 598645 |
| **France - 1.7%** |  |  |
| 19313 | Aeroports de Paris SA | 2590881 |
| 14171 | Engie SA | 306541 |
| 3562 | Gecina SA | 392036 |
| 34657 | Getlink SE | 663275 |
| 5855 | Unibail-Rodamco-Westfield | 555130 |
| 14169 | Veolia Environnement SA | 487383 |
|  | Total France | 4995246 |
| **Germany - 1.5%** |  |  |
| 42315 | E.ON SE | 741720 |
| 24808 | Fraport AG Frankfurt Airport Services Worldwide<sup>\*</sup> | 1721123 |
| 7661 | LEG Immobilien SE | 649899 |
| 6799 | RWE AG | 256249 |
| 317094 | Sirius Real Estate Ltd., REIT | 408692 |
| 27350 | TAG Immobilien AG | 462219 |
| 7280 | Vonovia SE | 238365 |
|  | Total Germany | 4478267 |
| **Greece - 0.2%** |  |  |
| 53223 | Athens International Airport SA | 604625 |
| **Hong Kong - 1.5%** |  |  |
| 662400 | China Gas Holdings Ltd. | 602791 |
| 131500 | CLP Holdings Ltd. | 1114908 |
| 482500 | HK Electric Investments & HK Electric Investments Ltd. | 348490 |
| 121728 | Hongkong Land Holdings Ltd. | 629449 |
| 123642 | Link REIT | 653634 |
| 204000 | Sino Land Co., Ltd. | 206145 |
| 64697 | Sun Hung Kai Properties Ltd. | 695725 |
| 72810 | Swire Properties Ltd. | 159110 |
|  | Total Hong Kong | 4410252 |
| **Ireland - 0.3%** |  |  |
| 21506 | Smurfit WestRock PLC | 931855 |
| **Italy - 2.5%** |  |  |
| 439088 | Enav SpA<sup>\*</sup> | 2104914 |
| 224328 | Enel SpA | 2060755 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **Italy - (continued)** | **Italy - (continued)** |  |
| 44385 | ERG SpA | $938089 |
| 35064 | Infrastrutture Wireless Italiane SpA<sup>(c)</sup> | 411372 |
| 44315 | Snam SpA | 265303 |
| 162529 | Terna - Rete Elettrica Nazionale | 1659119 |
|  | Total Italy | 7439552 |
| **Japan - 3.5%** |  |  |
| 228 | Advance Residence Investment Corp. | 234670 |
| 62 | Daiwa Office Investment Corp., Class A Shares | 129871 |
| 42 | Hulic Reit Inc. | 44090 |
| 1676 | Invincible Investment Corp. | 714194 |
| 400 | KDX Realty Investment Corp., Class A Shares | 421143 |
| 145 | LaSalle Logiport REIT | 135322 |
| 42700 | Mitsubishi Estate Co., Ltd. | 778629 |
| 222300 | Mitsui Fudosan Co., Ltd. | 2135624 |
| 544 | Nippon Accommodations Fund Inc., Class A Shares | 434467 |
| 874 | Nippon Building Fund Inc. | 799276 |
| 1920 | Nippon Prologis REIT Inc. | 1028366 |
| 156 | Nomura Real Estate Master Fund Inc. | 156895 |
| 456 | Orix JREIT Inc. | 567296 |
| 531 | Star Asia Investment Corp. | 207753 |
| 30145 | Sumitomo Realty & Development Co., Ltd. | 1157600 |
| 34900 | Tokyo Metro Co., Ltd. | 441155 |
| 47500 | Tokyu Fudosan Holdings Corp. | 349657 |
| 386 | United Urban Investment Corp. | 405651 |
|  | Total Japan | 10141659 |
| **Luxembourg - 0.5%** | **Luxembourg - 0.5%** |  |
| 47225 | ArcelorMittal SA | 1444140 |
| **Mexico - 1.5%** | **Mexico - 1.5%** |  |
| 18512 | Corp. Inmobiliaria Vesta SAB de CV, ADR | 533886 |
| 4343 | Grupo Aeroportuario del Centro Norte SAB de CV, ADR | 431087 |
| 3907 | Grupo Aeroportuario del Pacifico SAB de CV, ADR | 897555 |
| 7957 | Grupo Aeroportuario del Sureste SAB de CV, ADR | 2562313 |
|  | Total Mexico | 4424841 |
| **Netherlands - 0.7%** | **Netherlands - 0.7%** |  |
| 19852 | CTP NV<sup>(c)</sup> | 377954 |
| 7032 | Ferrovial SE | 358744 |
| 23773 | Koninklijke Vopak NV | 1089764 |
| 9407 | Wereldhave NV | 185680 |
|  | Total Netherlands | 2012142 |
| **New Zealand - 0.9%** | **New Zealand - 0.9%** |  |
| 572388 | Auckland International Airport Ltd. | 2582469 |
| 30461 | Infratil Ltd. | 192711 |
|  | Total New Zealand | 2775180 |
| **Norway - 0.1%** |  |  |
| 11884 | Frontline PLC | 217240 |
| **Philippines - 0.1%** | **Philippines - 0.1%** |  |
| 37850 | International Container Terminal Services Inc. | 279188 |
| **Singapore - 1.1%** | **Singapore - 1.1%** |  |
| 302700 | CapitaLand Ascendas REIT | 622101 |
| 139608 | Capitaland India Trust, REIT | 106650 |
| 139200 | CapitaLand Integrated Commercial Trust | 225612 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)** 

**Destinations Real Assets Fund (continued)**

---

| | | | |
|:---|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |  |
| **Singapore - (continued)** |  |  |  |
| 383932 | Frasers Centrepoint Trust | $| 654991 |
| 509463 | Keppel DC REIT |  | 865282 |
| 66932 | Mapletree Industrial Trust |  | 100180 |
| 20900 | Mapletree Logistics Trust |  | 17993 |
| 101836 | Parkway Life Real Estate Investment Trust |  | 321573 |
| 72200 | Sembcorp Industries Ltd. |  | 370697 |
|  | Total Singapore |  | 3285079 |
| **South Africa - 0.2%** |  |  |  |
| 64377 | Impala Platinum Holdings Ltd., ADR<sup>\*(a)(d)</sup> |  | 469952 |
| **Spain - 4.2%** | **Spain - 4.2%** | **Spain - 4.2%** | **Spain - 4.2%** |
| 13172 | Aena SME SA |  | 3549510 |
| 84473 | Cellnex Telecom SA<sup>(c)</sup> |  | 3241449 |
| 127708 | EDP Renovaveis SA |  | 1283638 |
| 56575 | Iberdrola SA |  | 1034951 |
| 46384 | Inmobiliaria Colonial Socimi SA |  | 323326 |
| 38983 | Merlin Properties Socimi SA |  | 482688 |
| 42258 | Redeia Corp. SA |  | 874767 |
| 365680 | Sacyr SA |  | 1483177 |
|  | Total Spain |  | 12273506 |
| **Sweden - 0.5%** |  |  |  |
| 4897 | Catena AB |  | 240964 |
| 4928 | Cibus Nordic Real Estate AB publ |  | 92577 |
| 35841 | Dios Fastigheter AB |  | 249334 |
| 111606 | Fastighets AB Balder, Class B Shares<sup>\*</sup> |  | 783105 |
| 6090 | Sagax AB, Class B Shares |  | 133492 |
| 10903 | Wihlborgs Fastigheter AB |  | 109710 |
|  | Total Sweden |  | 1609182 |
| **Switzerland - 0.4%** |  |  |  |
| 57955 | Amcor PLC |  | 527970 |
| 1880 | Flughafen Zurich AG, Class Registered Shares |  | 521187 |
|  | Total Switzerland |  | 1049157 |
| **United Kingdom - 6.5%** |  |  |  |
| 86821 | Anglo American PLC |  | 2591026 |
| 15640 | Big Yellow Group PLC |  | 210556 |
| 100518 | British Land Co. PLC |  | 530565 |
| 14433 | Derwent London PLC |  | 384868 |
| 23998 | Endeavour Mining PLC |  | 729876 |
| 102234 | Hammerson PLC |  | 391378 |
| 98012 | Helios Towers PLC<sup>\*</sup> |  | 158770 |
| 30094 | Land Securities Group PLC |  | 257460 |
| 88819 | LondonMetric Property PLC |  | 241428 |
| 261865 | National Grid PLC<sup>(a)</sup> |  | 3705939 |
| 2742 | National Grid PLC, ADR<sup>(a)</sup> |  | 195751 |
| 148257 | Pennon Group PLC |  | 1019886 |
| 19566 | Rio Tinto PLC |  | 1165189 |
| 11289 | Safestore Holdings PLC |  | 100306 |
| 11981 | Segro PLC |  | 112895 |
| 21823 | Severn Trent PLC |  | 796739 |
| 199040 | Shaftesbury Capital PLC |  | 395862 |
| 66319 | Shell PLC |  | 2184533 |
| 44916 | SSE PLC |  | 1067908 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **United Kingdom - (continued)** | **United Kingdom - (continued)** |  |
| 312968 | Tritax Big Box REIT PLC | $621409 |
| 14590 | UNITE Group PLC | 169381 |
| 133329 | United Utilities Group PLC | 2108715 |
| 8112 | Urban Logistics REIT PLC | 17532 |
|  | Total United Kingdom | 19157972 |
| **United States - 50.3%** |  |  |
| 20309 | Acadia Realty Trust | 391151 |
| 5134 | AGCO Corp. | 503029 |
| 28831 | Agree Realty Corp. | 2170974 |
| 26246 | Alcoa Corp. | 702605 |
| 344 | Alexandria Real Estate Equities Inc. | 24145 |
| 7369 | Alliant Energy Corp. | 458573 |
| 12403 | Ameren Corp. | 1201603 |
| 15368 | American Electric Power Co., Inc. | 1590434 |
| 23345 | American Healthcare REIT Inc. | 815674 |
| 9815 | American Homes 4 Rent, Class A Shares | 371498 |
| 9767 | American Tower Corp. | 2096487 |
| 8104 | Antero Resources Corp.<sup>\*</sup> | 303495 |
| 8265 | Arcosa Inc. | 713022 |
| 8965 | AvalonBay Communities Inc. | 1853693 |
| 9635 | Brixmor Property Group Inc. | 244825 |
| 150 | Broadstone Net Lease Inc., Class A Shares | 2387 |
| 9159 | Bunge Global SA | 715776 |
| 4629 | Camden Property Trust | 543861 |
| 24516 | CareTrust REIT Inc. | 705080 |
| 2714 | Casella Waste Systems Inc., Class A Shares<sup>\*</sup> | 318108 |
| 2054 | CBRE Group Inc., Class A Shares<sup>\*</sup> | 256791 |
| 27090 | CenterPoint Energy Inc. | 1008832 |
| 172 | Centerspace | 10965 |
| 23786 | CF Industries Holdings Inc. | 2157628 |
| 11549 | Cheniere Energy Inc. | 2736998 |
| 3649 | Chord Energy Corp. | 328410 |
| 23835 | CMS Energy Corp. | 1673932 |
| 59875 | Coeur Mining Inc.<sup>\*</sup> | 483790 |
| 11829 | ConocoPhillips | 1009605 |
| 1210 | Consolidated Edison Inc. | 126433 |
| 1220 | Constellation Energy Corp. | 373503 |
| 15116 | COPT Defense Properties | 414934 |
| 29324 | Corteva Inc. | 2076139 |
| 2977 | Cousins Properties Inc. | 83564 |
| 112670 | Crescent Energy Co., Class A Shares | 945301 |
| 13521 | CRH PLC | 1220540 |
| 15514 | Crown Castle Inc. | 1556830 |
| 7458 | Crown Holdings Inc. | 734613 |
| 4772 | CSX Corp. | 150747 |
| 5583 | CubeSmart | 238729 |
| 14027 | Curbline Properties Corp. | 318273 |
| 55827 | Darling Ingredients Inc.<sup>\*</sup> | 1739569 |
| 727 | Deere & Co. | 368051 |
| 13629 | Diamondback Energy Inc. | 1833782 |
| 30896 | DiamondRock Hospitality Co. | 236045 |
| 15070 | Digital Realty Trust Inc. | 2584806 |

---

**Schedules of Investments** 

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **United States - (continued)** |  |  |
| 38975 | DigitalBridge Group Inc. | $431063 |
| 19094 | Dominion Energy Inc. | 1082057 |
| 2823 | DT Midstream Inc. | 295681 |
| 1934 | DTE Energy Co. | 264281 |
| 4646 | EastGroup Properties Inc. | 787729 |
| 34233 | Empire State Realty Trust Inc., Class A Shares | 262225 |
| 23481 | Entergy Corp. | 1955498 |
| 12075 | EQT Corp. | 665695 |
| 7846 | Equinix Inc. | 6973682 |
| 2842 | Equity LifeStyle Properties Inc. | 180666 |
| 25462 | Equity Residential | 1785905 |
| 12002 | Essential Properties Realty Trust Inc. | 390065 |
| 45213 | Essential Utilities Inc. | 1742057 |
| 3475 | Essex Property Trust Inc. | 986552 |
| 9959 | Evergy Inc. | 661377 |
| 15888 | Eversource Energy | 1029701 |
| 50527 | Exelon Corp. | 2214093 |
| 22920 | Expand Energy Corp. | 2661700 |
| 8999 | Extra Space Storage Inc. | 1360199 |
| 14186 | Exxon Mobil Corp. | 1451228 |
| 3335 | Federal Realty Investment Trust | 318426 |
| 19235 | First Industrial Realty Trust Inc. | 950786 |
| 3822 | First Solar Inc.<sup>\*</sup> | 604182 |
| 734 | Four Corners Property Trust Inc. | 20266 |
| 46043 | Freeport-McMoRan Inc. | 1771735 |
| 17729 | Gaming & Leisure Properties Inc. | 827944 |
| 1521 | GE Vernova Inc. | 719403 |
| 43898 | Healthpeak Properties Inc. | 764264 |
| 16699 | Helmerich & Payne Inc. | 254660 |
| 16712 | HF Sinclair Corp. | 603805 |
| 655 | Highwoods Properties Inc. | 19453 |
| 9435 | Host Hotels & Resorts Inc. | 146148 |
| 3052 | Hyatt Hotels Corp., Class A Shares | 402956 |
| 491 | IDACORP Inc. | 58404 |
| 59885 | International Paper Co. | 2863102 |
| 2861 | InvenTrust Properties Corp. | 80365 |
| 61351 | Invitation Homes Inc. | 2067529 |
| 7672 | Iron Mountain Inc. | 757303 |
| 1768 | Jones Lang LaSalle Inc.<sup>\*</sup> | 393734 |
| 9976 | Kilroy Realty Corp. | 321227 |
| 69253 | Kimbell Royalty Partners LP | 907214 |
| 39158 | Kimco Realty Corp. | 832499 |
| 67188 | Kinder Morgan Inc. | 1883952 |
| 16810 | Kite Realty Group Trust | 371837 |
| 1498 | Lamar Advertising Co., Class A Shares | 180569 |
| 13200 | Lineage Inc. | 563508 |
| 4818 | Louisiana-Pacific Corp. | 433957 |
| 5327 | Macerich Co. | 86191 |
| 8015 | Marathon Petroleum Corp. | 1288331 |
| 738 | Marriott International Inc., Class A Shares | 194707 |
| 37682 | Metallus Inc.<sup>\*</sup> | 475924 |
| 20554 | Mosaic Co. | 742822 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **United States - (continued)** | **United States - (continued)** |  |
| 19972 | MP Materials Corp.<sup>\*</sup> | $435190 |
| 24515 | NETSTREIT Corp.<sup>(a)</sup> | 394691 |
| 24898 | Newmont Corp. | 1312623 |
| 65316 | NextEra Energy Inc. | 4613922 |
| 30387 | NiSource Inc. | 1201502 |
| 4139 | NNN REIT Inc. | 172845 |
| 1082 | Norfolk Southern Corp. | 267384 |
| 2409 | NRG Energy Inc. | 375563 |
| 4284 | Nucor Corp. | 468498 |
| 5703 | Omega Healthcare Investors Inc. | 211011 |
| 18313 | ONEOK Inc. | 1480423 |
| 2502 | Packaging Corp. of America | 483311 |
| 120538 | Permian Resources Corp., Class A Shares | 1519984 |
| 129290 | PG&E Corp. | 2182415 |
| 14981 | Phillips 66 | 1700044 |
| 3586 | Pinnacle West Capital Corp. | 327151 |
| 10428 | PPL Corp. | 362373 |
| 38904 | Prologis Inc. | 4224974 |
| 7801 | Public Storage | 2405906 |
| 11461 | Rayonier Inc. | 271626 |
| 9111 | Realty Income Corp. | 515865 |
| 7713 | Regency Centers Corp. | 556493 |
| 4173 | Republic Services Inc., Class A Shares | 1073671 |
| 2548 | Rexford Industrial Realty Inc. | 89792 |
| 5733 | Ryman Hospitality Properties Inc. | 556732 |
| 40202 | Sempra | 3159475 |
| 13922 | Simon Property Group Inc. | 2270261 |
| 7295 | SITE Centers Corp. | 86956 |
| 4181 | SL Green Realty Corp. | 237355 |
| 2392 | Smartstop Self Storage REIT Inc. | 87404 |
| 11398 | Southern Co. | 1025820 |
| 47209 | SSR Mining Inc.<sup>\*</sup> | 559002 |
| 304 | STAG Industrial Inc. | 10816 |
| 10140 | Steel Dynamics Inc. | 1247930 |
| 7617 | Sun Communities Inc. | 940242 |
| 7056 | Sunstone Hotel Investors Inc. | 63222 |
| 13672 | Tanger Inc. | 407426 |
| 2809 | Targa Resources Corp. | 443625 |
| 2636 | Terreno Realty Corp. | 148723 |
| 15001 | UDR Inc. | 621491 |
| 1488 | Union Pacific Corp. | 329830 |
| 20468 | Unit Corp.<sup>(d)</sup> | 526028 |
| 12586 | Urban Edge Properties | 228562 |
| 11922 | Valero Energy Corp. | 1537580 |
| 40550 | Ventas Inc. | 2606554 |
| 20745 | Venture Global Inc., Class A Shares<sup>(a)</sup> | 240020 |
| 13737 | Veris Residential Inc. | 208802 |
| 67740 | VICI Properties Inc., Class A Shares | 2148035 |
| 4598 | Vistra Corp. | 738301 |
| 663 | Waste Management Inc. | 159763 |
| 2699 | WEC Energy Group Inc. | 289981 |
| 38392 | Welltower Inc. | 5923118 |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **COMMON STOCKS - (continued)** | **COMMON STOCKS - (continued)** |  |
| **United States - (continued)** |  |  |
| 22667 | Williams Cos., Inc. | $1371580 |
| 48443 | Xcel Energy Inc. | 3395854 |
|  | Total United States | 147701632 |
|  | **TOTAL COMMON STOCKS** |  |
|  | (Cost - $268,051,810) | **273419131** |
| **EXCHANGE TRADED FUNDS (ETFs) - 4.7%** | **EXCHANGE TRADED FUNDS (ETFs) - 4.7%** |  |
| **United States - 4.7%** | **United States - 4.7%** |  |
| 307850 | Pimco Commodity Strategy Active Exchange-Traded Fund | 7800919 |
| 91946 | SPDR Gold MiniShares Trust<sup>\*</sup> | 5998557 |
|  | Total United States | 13799476 |
|  | **TOTAL EXCHANGE TRADED FUNDS (ETFs)** |  |
|  | (Cost - $12,633,491) | **13799476** |
| **LIMITED PARTNERSHIPS - 0.3%** | **LIMITED PARTNERSHIPS - 0.3%** |  |
| **United States - 0.3%** | **United States - 0.3%** |  |
| 39031 | Energy Transfer LP | 682262 |
| 4380 | Plains All American Pipeline LP | 72445 |
|  | Total United States | 754707 |
|  | **TOTAL LIMITED PARTNERSHIPS** |  |
|  | (Cost - $782,155) | **754707** |
| **CLOSED-END FUND - 0.1%** |  |  |
| **Jersey, Channel Islands - 0.1%** | **Jersey, Channel Islands - 0.1%** |  |
| 35284 | 3i Infrastructure PLC |  |
|  | (Cost - $147,410) | 159260 |
|  | **TOTAL INVESTMENTS BEFORE SHORT-TERM INVESTMENTS** |  |
|  | (Cost - $281,614,866) | **288132574** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Face Amount†** |  |  | |
| **SHORT-TERM INVESTMENTS - 1.5%** | **SHORT-TERM INVESTMENTS - 1.5%** | **SHORT-TERM INVESTMENTS - 1.5%** |  |
| **TIME DEPOSITS - 1.5%** | **TIME DEPOSITS - 1.5%** | **TIME DEPOSITS - 1.5%** |  |
| 387 | <sup>AUD</sup> | ANZ National Bank - Hong Kong, 2.570% due 6/2/25 | 250 |
| 417727 | | ANZ National Bank - London, 3.680% due 6/2/25 | 417727 |
|  | | Brown Brothers Harriman - Grand Cayman: |  |
| 52 | <sup>SEK</sup> | &nbsp;&nbsp;&nbsp;1.070% due 6/2/25 | 5 |
| 8 | <sup>NZD</sup> | &nbsp;&nbsp;&nbsp;2.000% due 6/3/25 | 5 |
|  | | Citibank - London: |  |
| 40 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;1.080% due 6/2/25 | 46 |
| 21036 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;3.170% due 6/2/25 | 28345 |
| 2036849 | | Citibank - New York, 3.680% due 6/2/25 | 2036849 |
| 123 | <sup>HKD</sup> | Hong Kong & Shanghai Bank - Hong Kong, 0.000% due 6/2/25 | 16 |
| 16246 | <sup>SGD</sup> | Hong Kong & Shanghai Bank - Singapore, 0.640% due 6/2/25 | 12597 |
| 1362354 | | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 1362354 |
|  | | Royal Bank of Canada - Toronto: |  |
| 101120 | <sup>CAD</sup> | &nbsp;&nbsp;&nbsp;1.570% due 6/2/25 | 73684 |
| 586095 | | &nbsp;&nbsp;&nbsp;3.680% due 6/2/25 | 586095 |
|  | **** | **TOTAL TIME DEPOSITS** |  |
|  | | (Cost - $4,517,973) | **4517973** |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (continued)**

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.6%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.6%** | **INVESTMENTS PURCHASED WITH CASH PROCEEDS FROM SECURITIES LENDING - 1.6%** |
| **MONEY MARKET FUND - 1.6%** | **MONEY MARKET FUND - 1.6%** | **MONEY MARKET FUND - 1.6%** |
| 4676209 | Federated Government Obligations Fund, Premier Class, 4.183%<sup>(e)</sup> |  |
|  | (Cost - $4,676,209) | $4676209 |
|  | **TOTAL INVESTMENTS - 101.2%** |  |
|  | (Cost - $290,809,048) | **297326756** |
|  | Liabilities in Excess of Other Assets - (1.2)% | (3426143) |
|  | **TOTAL NET ASSETS - 100.0%** | $**293900613** |

---

---

| | |
|:---|:---|
| <sup>†</sup> | Face amount denominated in U.S. dollars, unless otherwise noted. |
| <sup>\*</sup> | Non-income producing security. |
| <sup>(a)</sup> | All or a portion of this security is on loan. |
| <sup>(b)</sup> | Security trades on the Hong Kong exchange. |
| <sup>(c)</sup> | Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025, amounts to $4,030,775 and represents 1.37% of net assets. |
| <sup>(d)</sup> | Illiquid security. The aggregate value of illiquid holdings at May 31, 2025, amounts to $995,980 and represents 0.34% of net assets. |
| <sup>(e)</sup> | Represents investment of collateral received from securities lending transactions. |

---

---

| | | |
|:---|:---|:---|
| Abbreviations used in this schedule: | Abbreviations used in this schedule: | Abbreviations used in this schedule: |
| ADR | **—** | American Depositary Receipts |
| LP | **—** | Limited Partnership |
| PLC | **—** | Public Limited Company |
| REIT | **—** | Real Estate Investment Trust |
| SPDR | **—** | Standard & Poor's Depository Receipts |

---

**Schedules of Investments**

**May 31, 2025 (unaudited)**

**Destinations Real Assets Fund (concluded)**

---

| | |
|:---|:---|
| **Summary of Investments by Security Sector^** | **Summary of Investments by Security Sector^** |
| Financial | 31.9% |
| Utilities | 18.1 |
| Energy | 14.8 |
| Industrial | 13.4 |
| Basic Materials | 10.1 |
| Consumer Non-cyclical | 3.2 |
| Communications | 0.5 |
| Consumer Cyclical | 0.2 |
| Exchange Traded Funds (ETFs) | 4.6 |
| Closed-End Fund | 0.1 |
| Short-Term Investments | 1.5 |
| Money Market Fund | 1.6 |
|  | 100.0% |

---

^ As a percentage of total investments.

At May 31, 2025, Destinations Real Assets Fund had open forward foreign currency contracts as described below.

The unrealized (depreciation) on the open contracts was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local<br> Currency** | **Market<br> Value** | **Settlement<br> Date** | **Unrealized<br> Appreciation** | **Unrealized<br> (Depreciation)** | **Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Contracts to Buy:** |  |  |  |  |  |  |
| &nbsp;&nbsp;Singapore Dollar | 450974 BBH | $349751 | 6/6/25 | $– | $(144) | $(144) |
| Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $(144) | $(144) |

---

---

| | | |
|:---|:---|:---|
| Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: | Counterparty Abbreviations used in this schedule: |
| BBH | **—** | Brown Brothers Harriman & Co. |

---

---

| | | |
|:---|:---|:---|
| Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: | Currency Abbreviations used in this schedule: |
| AUD | **—** | Australian Dollar |
| CAD | **—** | Canadian Dollar |
| EUR | **—** | Euro |
| GBP | **—** | British Pound |
| HKD | **—** | Hong Kong Dollar |
| NZD | **—** | New Zealand Dollar |
| SEK | **—** | Swedish Krona |
| SGD | **—** | Singapore Dollar |

---

**Ratings (unaudited)**

The definitions of the applicable rating symbols are set forth below:

*Standard & Poor's Ratings Service ("Standard & Poor's")* — Ratings from "AA" to "CCC" may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories.

AAA — Bonds rated "AAA" have the highest rating assigned by Standard & Poor's. Capacity to pay interest and repay principal is extremely strong.

AA — Bonds rated "AA" have a very strong capacity to pay interest and repay principal and differ from the highest rated issues only in a small degree.

A — Bonds rated "A" have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.

BBB — Bonds rated "BBB" are regarded as having an adequate capacity to pay interest and repay principal. Whereas they normally exhibit adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for bonds in this category than in higher rated categories.

BB, B, CCC, CC and C — Bonds rated "BB", "B", "CCC", "CC" and "C" are regarded, on balance, as predominantly speculative with respect to capacity to pay interest and repay principal in accordance with the terms of the obligation. "BB" represents the lowest degree of speculation and "C" the highest degree of speculation. While such bonds will likely have some quality and protective characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions.

D — Bonds rated "D" are in default and payment of interest and/or repayment of principal is in arrears.

P — Preliminary rating.

u — The upgrade state defines bonds that have recently been upgraded into higher rating categories.

*Moody's Investors Service ("Moody's")* — Numerical modifiers 1, 2 and 3 may be applied to each generic rating from "Aa" to "Caa", where 1 is the highest and 3 the lowest ranking within its generic category.

Aaa — Bonds rated "Aaa" are judged to be of the best quality. They carry the smallest degree of investment risk and are generally referred to as "gilt edge". Interest payments are protected by a large or by an exceptionally stable margin and principal is secure. While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues.

Aa — Bonds rated "Aa" are judged to be of high quality by all standards. Together with the "Aaa" group they comprise what are generally known as high grade bonds. They are rated lower than the best bonds because margins of protection may not be as large as in "Aaa" securities or fluctuation of protective elements may be of greater amplitude or there may be other elements present which make the long-term risks appear somewhat larger than in "Aaa" securities.

A — Bonds rated "A" possess many favorable investment attributes and are to be considered as upper medium grade obligations. Factors giving security to principal and interest are considered adequate but elements may be present which suggest a susceptibility to impairment some time in the future.

Baa — Bonds rated "Baa" are considered as medium grade obligations, i.e., they are neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over any great length of time. Such bonds lack outstanding investment characteristics and in fact have speculative characteristics as well.

**Ratings (unaudited) (continued)**

Ba — Bonds rated "Ba" are judged to have speculative elements; their future cannot be considered as well assured. Often the protection of interest and principal payments may be very moderate and therefore not well safeguarded during both good and bad times over the future. Uncertainty of position characterizes bonds in this class.

B — Bonds rated "B" generally lack characteristics of desirable investments. Assurance of interest and principal payments or of maintenance of other terms of the contract over any long period of time may be small.

Caa — Bonds rated "Caa" are of poor standing. These may be in default, or present elements of danger may exist with respect to principal or interest.

Ca — Bonds rated "Ca" represent obligations which are speculative in a high degree. Such issues are often in default or have other marked short-comings.

C — Bonds rated "C" are the lowest class of bonds and issues so rated can be regarded as having extremely poor prospects of ever attaining any real investment standing.

e — Expected.

u — Upgraded.

*Fitch Ratings Service ("Fitch")* — Ratings from "AA" to "CCC" may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories.

AAA — Bonds rated "AAA" have the highest rating assigned by Fitch. Capacity to pay interest and repay principal is extremely strong.

AAApre — Stable Outlook rating is based on the pledge of securities in the escrow deposit fund securing the bonds and reflects the lien of the refunded bondholders on the escrow trust funds and that all amounts have been invested in direct non-callable obligations of the United States.

AA — Bonds rated "AA" have a very strong capacity to pay interest and repay principal and differ from the highest rated issues only in a small degree.

A — Bonds rated "A" have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.

BBB — Bonds rated "BBB" are regarded as having an adequate capacity to pay interest and repay principal. Whereas they normally exhibit adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for bonds in this category than in higher rated categories.

BB, B, CCC, CC and C — Bonds rated "BB", "B", "CCC", "CC" and "C" are regarded, on balance, as predominantly speculative with respect to capacity to pay interest and repay principal in accordance with the terms of the obligation. "BB" represents a lower degree of speculation than "B", and "CC" the highest degree of speculation. While such bonds will likely have some quality and protective characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions.

D — Bonds rated "D" are in default and payment of interest and/or repayment of principal is in arrears.

NR — Indicates that the bond is not rated by Standard & Poor's, Moody's, or Fitch.

WD, WR — Indicates that the bonds rating has been withdrawn and the issuer is no longer rated by Standard & Poor's, Moody's or Fitch.

**Ratings (unaudited) (concluded)**

**Short-Term Security Ratings**

SP-1 — Standard & Poor's highest rating indicating very strong or strong capacity to pay principal and interest; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.

A-1 — Standard & Poor's highest commercial paper and variable-rate demand obligation (VRDO) rating indicating that the degree of safety regarding timely payment is either overwhelming or very strong; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.

VMIG 1 — Moody's highest rating for issues having a demand feature — VRDO.

MIG1 — Moody's highest rating for short-term municipal obligations.

P-1 — Moody's highest rating for commercial paper and for VRDO prior to the advent of the VMIG 1 rating.

F-1 — Fitch's highest rating indicating the strongest capacity for timely payment of financial commitments; those issues determined to possess overwhelming strong credit feature are denoted with a plus (+) sign.

F-2 — Fitch's rating indicating a good capacity for timely payment of financial commitments.

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)**

**1. Organization**

Brinker Capital Destinations Trust ("Trust") is organized as a Delaware statutory trust and registered under the Investment Company Act of 1940, as amended ("1940 Act"), as an open-end management investment company. The Trust currently consists of Destinations Large Cap Equity Fund, Destinations Small-Mid Cap Equity Fund, Destinations International Equity Fund, Destinations Equity Income Fund, Destinations Core Fixed Income Fund, Destinations Low Duration Fixed Income Fund, Destinations Global Fixed Income Opportunities Fund, Destinations Municipal Fixed Income Fund, Destinations Multi Strategy Alternatives Fund, Destinations Shelter Fund and Destinations Real Assets Fund (individually, a "Fund" and collectively, the "Funds"). Each Fund currently offers two classes of shares designated as Class I and Class Z shares.

Orion Portfolio Solutions LLC serves as the investment adviser to the Funds and conducts business as Brinker Capital Investments ("Brinker Capital" or the "Adviser"). The Funds employ a multimanager strategy. The Adviser selects and oversees professional money managers (each a "Sub-adviser") who are responsible for investing the assets of the Funds allocated to them.

**2. Investment valuation**

Equity securities for each Fund for which market quotations are readily available and are traded on an exchange are valued at the closing sale price or official closing price on the exchange on which such security is principally traded. In the event there are no sales that day, such securities are valued at the bid price. For equity securities that are primarily traded on foreign exchanges, these values are converted to U.S. dollars using the current exchange rates as of the close of the New York Stock Exchange ("NYSE").

Futures contracts are valued at the last posted settlement price in the market where such contracts are principally traded. Foreign currency forward contracts are valued at the current Business Day's interpolated foreign exchange rate, as calculated using the current day's spot rate, and the thirty, sixty, ninety and one-hundred eighty day forward rates provided by an independent source.

Portfolio securities traded in the over-the-counter market for which market quotations are readily available are valued at the last sales price that day. In the event there are no sales that day, such securities are valued at the bid price. Investments in registered open-end management investment companies are valued at the last reported net asset value per share.

Securities pledged by the Funds as collateral, if any, are identified as such in the Schedules of Investments.

Debt obligations that will mature in 60 days or less are valued at amortized cost, which approximates market value. Debt obligations that will mature in more than 60 days are valued using valuations furnished by an approved third-party pricing service; such valuations are determined by the third-party pricing service based upon its analysis of a variety of factors, including transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and its analysis of various relationships between securities, prices or yields of securities with similar characteristics, benchmark curves or information pertaining to the issuer, as well as industry and economic events.

The Board of Trustees (the "Board") has ultimate responsibility for ensuring the Funds' investments are valued appropriately. Pursuant to the requirements of the 1940 Act and Rule 2a-5, the Board designated a committee of persons at the investment adviser as the "Valuation Designee" to perform fair value determinations and approved revised policies and procedures for the Trust. The Valuation Designee is subject to the Board's oversight and certain reporting and other requirements intended to ensure that the Board receives the information it needs to oversee the Valuation Designee's fair value determinations. When market quotations are not readily available or are determined to be unreliable, investments are valued at fair value as determined in good faith by the valuation committee established by the Adviser in accordance with such procedures under the oversight of the Board. Circumstances that may indicate that market quotations are not readily available or are unreliable include, but are not limited to, such instances when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, and before the applicable Fund calculates its Net Asset Value ("NAV").

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

Each business day, the Funds use a Board-approved third-party pricing service to assist with the valuation of foreign equity securities. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that have a strong correlation to the fair-valued securities to more accurately reflect their fair value as of the close of regular trading on the NYSE.

The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, separately for each major category of assets and liabilities that segregates fair value measurements into levels (Level 1, 2, and 3). The three levels of the fair value hierarchy are as follows:

Level 1 — unadjusted quoted prices in active markets for identical securities.

Level 2 — significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs (including assumptions made by the Board or persons acting at their direction that are used in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following are certain inputs and techniques that the Funds generally use to evaluate how to classify each major category of assets and liabilities in accordance with GAAP.

Fixed income securities including corporate, convertible and municipal bonds and notes, U.S. government agencies, U.S. treasury obligations, sovereign bonds, bank loans, convertible preferred securities and non-U.S. bonds are normally valued by third-party pricing service providers that use broker quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. To the extent that these inputs are significant and unobservable, the values are categorized as Level 3 of the fair value hierarchy.

Mortgage-related and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also normally valued by third-party pricing service providers that use broker-dealer quotations or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche, and incorporate deal collateral performance, as available. Mortgage-related and asset-backed securities and the related forward sales commitments that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. To the extent that these inputs are significant and unobservable, the values are categorized as Level 3 of the fair value hierarchy.

Common stocks, preferred stocks, rights, warrants, exchange-traded funds and financial derivative instruments, such as futures contracts or options contracts that are traded on a national securities exchange, are categorized as Level 1 of the fair value hierarchy, to the extent these securities are actively traded and valuation adjustments are not applied.

Valuation adjustments may be applied to certain securities that are solely traded on a foreign exchange to account for the market movement between the close of the foreign market and the NYSE close. Securities using these valuation adjustments are categorized as Level 2 of the fair value hierarchy. Preferred securities and other equities traded on inactive markets or valued by reference to similar instruments are also categorized as Level 2 of the fair value hierarchy.

Investments in registered open-end investment management companies are valued based upon the NAVs of such investments on the valuation date and are categorized as Level 1 of the fair value hierarchy.

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy.

Over-the-counter financial derivative instruments, such as forward foreign currency contracts, derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or by third-party pricing service providers. Depending on the product and the terms of the transaction, the value of financial derivatives can be estimated by a third-party pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. To the extent that these inputs are significant and unobservable, the values are categorized as Level 3 of the fair value hierarchy.

Centrally cleared swaps listed or traded on the multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange. For centrally cleared credit default swaps, the clearing facility requires its members to provide actionable levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates including the overnight index swap rate and London Interbank Offered Rate ("LIBOR") forward rate to produce the daily settlement price. These securities are categorized as Level 2 of the fair value hierarchy.

The Funds' policy is to recognize transfers between levels at the end of the reporting period. In some instances, the inputs used to measure fair value might fall in different levels of the fair value hierarchy. The level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

The following table summarizes the valuation of each Fund's assets and liabilities using the fair value hierarchy:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Large Cap Equity Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic Materials | $55479850 | $55479850 | $– | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Communications | 440425009 | 440425009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Cyclical | 396783020 | 396783020 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Non-cyclical | 479619391 | 479619391 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | 94752201 | 94752201 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial | 566693108 | 566693108 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial | 331048134 | 331048134 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology | 892522641 | 891794858 |  | 727783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities | 30398683 | 30398683 |  |  |
| &nbsp;&nbsp;Exchange Traded Funds (ETFs) | 210056566 | 210056566 |  |  |
| &nbsp;&nbsp;Preferred Stocks | 1686080 |  |  | 1686080 |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 45561994 |  | 45561994 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 2044000 | 2044000 | – | – |
| **Total Investments, at value** | $**3547070677** | $**3499094820** | $**45561994** | $**2413863** |
| **Other Financial Instruments - Assets** |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | $89696 | $89696 | $– | $– |
| **Total Other Financial Instruments - Assets** | $**89696** | $**89696** | $**–** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025 (unaudited)(continued)**

**2. Investment valuation (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Small-Mid Cap Equity Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic Materials | $28513680 | $28513680 | $– | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Communications | 21091877 | 21091877 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Cyclical | 66457315 | 66457315 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Non-cyclical | 128845452 | 128845270 |  | 182 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | 29226596 | 29226596 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial | 121748430 | 121748430 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Government | 28550 | 28550 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial | 117478623 | 117478623 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology | 80310765 | 80310765 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities | 19755417 | 19755417 |  |  |
| &nbsp;&nbsp;Exchange Traded Funds (ETFs) | 15534233 | 15534233 |  |  |
| &nbsp;&nbsp;Limited Partnership | 11686 | 11686 |  |  |
| &nbsp;&nbsp;Closed-End Fund | 2629 | 2629 |  |  |
| &nbsp;&nbsp;Warrants | 189 | 189 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 12132758 |  | 12132758 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 5839727 | 5839727 | – | – |
| **Total Investments, at value** | $**646977927** | $**634844987** | $**12132758** | $**182** |
| **Other Financial Instruments - Assets** |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | $35880 | $35880 | $– | $– |
| **Total Other Financial Instruments - Assets** | $**35880** | $**35880** | $**–** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations International Equity Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Australia | $35346176 | $– | $35346176 | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Austria | 2690668 |  | 2690668 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Belgium | 3672291 |  | 3672291 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bermuda | 3281910 |  | 3281910 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | 31720893 | 5538787 | 26182106 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cambodia | 19931 |  | 19931 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | 112692417 | 25934081 | 86758336 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chile | 140362 |  | 140362 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;China | 62495590 | 19969429 | 42526161 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Denmark | 23890281 | 3896964 | 19993317 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Finland | 25799705 |  | 25799705 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;France | 144729992 |  | 144729992 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Germany | 126130649 |  | 126130649 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Greece | 3100104 |  | 3100104 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | 28474707 | 20087 | 28454620 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;India | 112450803 | 3720429 | 108730374 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Indonesia | 12110575 |  | 12110575 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ireland | 26388366 | 4123660 | 22264706 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Israel | 6624939 | 3515205 | 3109734 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Italy | 58451294 |  | 58451294 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Japan | 260632298 | 17963 | 260614335 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | 5302366 | 1113518 | 4188848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Macau | 117940 |  | 117940 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 7993243 |  | 7993243 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 69550043 | 2524064 | 67025979 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New Zealand | 1144986 |  | 1144986 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Norway | 18125020 |  | 18125020 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Peru | 2536637 | 2536637 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Philippines | 3845724 |  | 3845724 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Poland | 4972663 |  | 4972663 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Portugal | 6920534 |  | 6920534 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Russia | 843 |  |  | 843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Saudi Arabia | 2685599 |  | 2685599 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore | 15232307 | 6042050 | 9190257 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;South Africa | 2792365 | 535601 | 2256764 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;South Korea | 67498547 | 5500480 | 61998067 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spain | 29499530 |  | 29499530 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sweden | 38300971 | 1965489 | 36335482 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Switzerland | 82170016 | 2685632 | 79484384 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Taiwan | 69315585 | 8657643 | 60657942 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Thailand | 1792939 |  | 1792939 |  |

---

**Notes to Financial Statements**

**May 31, 2025 (unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations International Equity Fund (continued)** |  |  |  |  |
| Investments, at value (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks: (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Turkey | $1296488 | $– | $1296488 | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;United Arab Emirates | 796010 |  | 796010 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 201252468 | 8182091 | 192914685 | 155692 |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 31405965 | 30140315 | 443263 | 822387 |
| &nbsp;&nbsp;&nbsp;&nbsp;Uruguay | 9919932 | 9919932 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Vietnam | 1545705 |  | 1545705 |  |
| &nbsp;&nbsp;Exchange Traded Funds (ETFs) | 67911577 | 67911577 |  |  |
| &nbsp;&nbsp;Preferred Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Germany | 7205524 |  | 7205524 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 46008 |  |  | 46008 |
| &nbsp;&nbsp;Right | 3401 |  | 3401 |  |
| &nbsp;&nbsp;Warrants: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | – \* |  |  | – \* |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 531 | 531 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 43150404 |  | 43150404 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency | 3840000 |  | 3840000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 11358627 | 11358627 | – | – |
| **Total Investments, at value** | $**1890374449** | $**225810792** | $**1663538727** | $**1024930** |
| **Other Financial Instruments - Assets** |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | $323210 | $323210 | $– | $– |
| **Total Other Financial Instruments - Assets** | $**323210** | $**323210** | $**–** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Options Contracts Written | $(15587) | $(13242) | $(2345) | $– |
| &nbsp;&nbsp;OTC Total Return Swaps | (4226004) | – | (4226004) | – |
| **Total Other Financial Instruments - Liabilities** | $**(4241591)** | $**(13242)** | $**(4228349)** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Equity Income Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic Materials | $11091216 | $4658502 | $6432714 | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Communications | 25743175 | 18539063 | 7204112 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Cyclical | 30200364 | 24585171 | 5615193 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Non-cyclical | 85761148 | 52580189 | 33180959 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | 41917762 | 23140226 | 18777536 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial | 96412324 | 61835797 | 34576527 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial | 39875928 | 18262244 | 21613684 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology | 20317372 | 17309026 | 3008346 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities | 50241975 | 39379811 | 10862164 |  |
| &nbsp;&nbsp;Exchange Traded Funds (ETFs) | 52500379 | 52500379 |  |  |
| &nbsp;&nbsp;Convertible Preferred Stock | 2672604 | 2672604 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Note | 1582420 |  | 1582420 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 7384530 |  | 7384530 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 8322000 | 8322000 | – | – |
| **Total Investments, at value** | $**474023197** | $**323785012** | $**150238185** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Options Contracts Written | $(92012) | $(92012) | $– | $– |
| **Total Other Financial Instruments - Liabilities** | $**(92012)** | $**(92012)** | $**–** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Core Fixed Income Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Mortgage-Backed Securities | $420290666 | $– | $420290666 | $– |
| &nbsp;&nbsp;U.S. Government Agencies & Obligations | 399357579 |  | 399357579 |  |
| &nbsp;&nbsp;Corporate Bonds & Notes | 283317962 |  | 283317962 |  |
| &nbsp;&nbsp;Collateralized Mortgage Obligations | 278380916 |  | 278380916 |  |
| &nbsp;&nbsp;Asset-Backed Securities | 180269479 |  | 180269479 |  |
| &nbsp;&nbsp;Sovereign Bonds | 8346866 |  | 8346866 |  |
| &nbsp;&nbsp;Senior Loans | 4761985 |  | 4761985 |  |
| &nbsp;&nbsp;Municipal Bonds | 1761232 |  | 1761232 |  |
| &nbsp;&nbsp;Open-End Fund | 12540712 | 12540712 |  |  |
| &nbsp;&nbsp;Exchange Traded Fund (ETF) | 7830244 | 7830244 |  |  |
| &nbsp;&nbsp;Common Stock | 38140 | 38140 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 42604580 | – | 42604580 | – |
| **Total Investments, at value** | $**1639500361** | $**20409096** | $**1619091265** | $**–** |
| **Other Financial Instruments - Assets** |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | $87320 | $87320 | $– | $– |
| &nbsp;&nbsp;Centrally Cleared Interest Rate Swaps | 811246 | – | 811246 | – |
| **Total Other Financial Instruments - Assets** | $**898566** | $**87320** | $**811246** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Futures Contracts | $(184304) | $(184304) | $– | $– |
| &nbsp;&nbsp;Centrally Cleared Interest Rate Swap | (34847) |  | (34847) |  |
| &nbsp;&nbsp;Forward Sale Commitments | (24090086) | – | (24090086) | – |
| **Total Other Financial Instruments - Liabilities** | $**(24309237)** | $**(184304)** | $**(24124933)** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Low Duration Fixed Income Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Corporate Bonds & Notes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic Materials | $1330337 | $– | $1330337 | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Communications | 17347346 |  | 17347346 | – \* |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Cyclical | 7511622 |  | 7511622 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Non-cyclical | 28818264 |  | 22497664 | 6320600 |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | 10895204 |  | 10895204 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial | 18110882 |  | 18110882 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Healthcare | 4477353 |  |  | 4477353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial | 9408590 |  | 9408590 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Technology | 10256141 |  | 10256141 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities | 3331747 |  | 3331747 |  |
| &nbsp;&nbsp;Collateralized Mortgage Obligations | 39602256 |  | 39602256 |  |
| &nbsp;&nbsp;Asset-Backed Securities | 30532604 |  | 30532604 |  |
| &nbsp;&nbsp;U.S. Government Agencies & Obligations | 27680876 |  | 27680876 |  |
| &nbsp;&nbsp;Senior Loans: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 10928678 |  | 5892307 | 5036371 |
| &nbsp;&nbsp;Mortgage-Backed Securities | 2386441 |  | 2386441 |  |
| &nbsp;&nbsp;Sovereign Bond | 197770 |  | 197770 |  |
| &nbsp;&nbsp;Exchange Traded Fund (ETF) | 37050926 | 37050926 |  |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Non-cyclical | 1077851 | 73237 |  | 1004614 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diversified | 3366572 | 3366572 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial | 342251 |  |  | 342251 |
| &nbsp;&nbsp;Preferred Stocks | 2551649 | 2551649 |  |  |
| &nbsp;&nbsp;Right | 12400 | 12400 |  |  |
| &nbsp;&nbsp;Warrant | 264 | 264 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Papers | 16638438 |  | 16638438 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Note | 293692 |  |  | 293692 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 14309219 |  | 14309219 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Obligation | 993072 | – | 993072 | – |
| **Total Investments, at value** | $**299452445** | $**43055048** | $**238922516** | $**17474881** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Forward Foreign Currency Contracts | $(213560) | $– | $(213560) | $– |
| **Total Other Financial Instruments - Liabilities** | $**(213560)** | $**–** | $**(213560)** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Global Fixed Income Opportunities Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Corporate Bonds & Notes: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Austria | $3382498 | $– | $3382498 | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Bermuda | 2874211 |  | 2874211 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brazil | 7696586 |  | 7696586 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;British Virgin Islands | 1437657 |  | 1437657 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | 20667232 |  | 20667232 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cayman Islands | 14624001 |  | 14624001 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chile | 12008848 |  | 12008848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Colombia | 3424755 |  | 3424755 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Czech Republic | 2047352 |  | 2047352 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;France | 2925833 |  | 2925833 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Germany | 17953768 |  | 17953768 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Gibraltar | 2515148 |  | 2515148 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guatemala | 2221660 |  | 2221660 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;India | 14281121 |  | 14281121 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Indonesia | 1178514 |  | 1178514 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ireland | 4968757 |  | 4968757 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Isle of Man | 2364007 |  | 2364007 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Italy | 4966296 |  | 4966296 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Japan | 2648370 |  | 2648370 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Jersey, Channel Islands | 2916261 |  | 2916261 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Liberia | 50007 |  | 50007 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | 38684590 |  | 38684590 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 27969419 |  | 27969419 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Morocco | 1916891 |  | 1916891 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Multinational | 5265452 |  | 5265452 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 17378740 |  | 17378740 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Norway | 8522747 |  | 8522747 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Paraguay | 1154167 |  | 1154167 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Peru | 16779034 |  | 16779034 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Portugal | – \* |  | – \* |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Romania | 1975159 |  | 1975159 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Serbia | 1585464 |  | 1585464 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore | 12500176 |  | 12500176 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spain | 4364674 |  | 4364674 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sweden | 9631105 |  | 9631105 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 38328228 |  | 38328228 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 191128086 |  | 184684121 | 6443965 |
| &nbsp;&nbsp;Senior Loans: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 58331749 |  | 57182956 | 1148793 |
| &nbsp;&nbsp;Sovereign Bonds | 8844552 |  | 8844552 |  |
| &nbsp;&nbsp;U.S. Government Agency & Obligation | 8214037 |  | 8214037 |  |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at <br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Global Fixed Income Opportunities Fund (continued)** | **Destinations Global Fixed Income Opportunities Fund (continued)** |  |  |  |
| Investments, at value (continued) |  |  |  |  |
| &nbsp;&nbsp;Asset-Backed Securities | $6057374 | $– | $6057374 | $– |
| &nbsp;&nbsp;Collateralized Mortgage Obligations | 3758214 |  | 3758214 |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 3545490 | 3545490 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 10087272 | 2963985 |  | 7123287 |
| &nbsp;&nbsp;Exchange Traded Fund (ETF) | 8582101 | 8582101 |  |  |
| &nbsp;&nbsp;Preferred Stocks | 7099988 | 7099988 |  |  |
| &nbsp;&nbsp;Warrants: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bermuda | – \* |  |  | – \* |
| &nbsp;&nbsp;&nbsp;&nbsp;Israel | – \* |  |  | – \* |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 145601 | 221 |  | 145380 |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Papers | 14969987 |  | 14969987 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Note | 433025 |  |  | 433025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 34867181 | – | 34867181 | – |
| **Total Investments, at value** | $**669273385** | $**22191785** | $**631787150** | $**15294450** |
| **Other Financial Instruments - Assets** |  |  |  |  |
| &nbsp;&nbsp;Forward Foreign Currency Contracts | $176184 | $– | $176184 | $– |
| **Total Other Financial Instruments - Assets** | $**176184** | $**–** | $**176184** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Options Contracts Written | $(86430) | $(86430) | $– | $– |
| &nbsp;&nbsp;Forward Foreign Currency Contracts | (2471191) | – | (2471191) | – |
| **Total Other Financial Instruments - Liabilities** | $**(2557621)** | $**(86430)** | $**(2471191)** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices <br> in Active Markets<br> for Identical<br> Investments <br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Municipal Fixed Income Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Municipal Bonds | $613014741 | $– | $613014741 | $– |
| &nbsp;&nbsp;Exchange Traded Fund (ETF) | 5212132 | 5212132 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bond | 5305327 |  | 5305327 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 23564266 |  | 23564266 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 1367260 | 1367260 | – | – |
| **Total Investments, at value** | $**648463726** | $**6579392** | $**641884334** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Multi Strategy Alternatives Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Collateralized Mortgage Obligations | $128100094 | $– | $128100094 | $– |
| &nbsp;&nbsp;Asset-Backed Securities | 94411165 |  | 94411165 |  |
| &nbsp;&nbsp;Corporate Bonds & Notes | 49961721 |  | 49961721 |  |
| &nbsp;&nbsp;Senior Loans | 11522393 |  | 11522393 |  |
| &nbsp;&nbsp;Common Stocks | 98051064 | 98051064 |  |  |
| &nbsp;&nbsp;Open-End Fund | 52297636 | 52297636 |  |  |
| &nbsp;&nbsp;Preferred Stock | 7459241 | 7459241 |  |  |
| &nbsp;&nbsp;Convertible Preferred Stock | 1575626 | 1575626 |  |  |
| &nbsp;&nbsp;Warrants | 438982 | 438982 |  |  |
| &nbsp;&nbsp;Rights | 266945 | 266945 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 68119929 |  | 68119929 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 4805861 | 4805861 | – | – |
| **Total Investments, at value** | $**517010657** | $**164895355** | $**352115302** | $**–** |
| **Other Financial Instruments - Assets** |  |  |  |  |
| &nbsp;&nbsp;OTC Total Return Swaps | $195296 | $– | $195296 | $– |
| &nbsp;&nbsp;OTC Credit Default Swaps | 4652280 | – | 4652280 | – |
| **Total Other Financial Instruments - Assets** | $**4847576** | $**–** | $**4847576** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;OTC Total Return Swaps | $(119232) | $– | $(119232) | $– |
| &nbsp;&nbsp;OTC Credit Default Swaps | (133733) |  | (133733) |  |
| &nbsp;&nbsp;Securities Sold Short | (4783942) | – | (4783942) | – |
| **Total Other Financial Instruments - Liabilities** | $**(5036907)** | $**–** | $**(5036907)** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Shelter Fund** | **Destinations Shelter Fund** | **Destinations Shelter Fund** | **Destinations Shelter Fund** | **Destinations Shelter Fund** |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Common Stocks | $93368797 | $93368797 | $– | $– |
| &nbsp;&nbsp;Purchased Options | 787280 | 787280 |  |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposit | 1588735 | – | 1588735 | – |
| **Total Investments, at value** | $**95744812** | $**94156077** | $**1588735** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Options Contracts Written | $(1233505) | $(1233505) | $– | $– |
| **Total Other Financial Instruments - Liabilities** | $**(1233505)** | $**(1233505)** | $**–** | $**–** |

---

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total Fair Value at<br> May 31, 2025 | Unadjusted Quoted<br> Prices<br> in Active Markets<br> for Identical<br> Investments<br> (Level 1) | Significant <br> Observable<br> Inputs<br> (Level 2) | Significant<br> Unobservable<br> Inputs<br> (Level 3) |
| **Destinations Real Assets Fund** |  |  |  |  |
| Investments, at value |  |  |  |  |
| &nbsp;&nbsp;Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Australia | $11584423 | $– | $11584423 | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Belgium | 1858539 | 504475 | 1354064 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Bermuda | 434076 | 434076 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | 29242781 | 12926175 | 16316606 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;China | 598645 |  | 598645 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;France | 4995246 |  | 4995246 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Germany | 4478267 |  | 4478267 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Greece | 604625 |  | 604625 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | 4410252 |  | 4410252 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Ireland | 931855 | 931855 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Italy | 7439552 |  | 7439552 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Japan | 10141659 |  | 10141659 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Luxembourg | 1444140 | 1444140 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 4424841 | 4424841 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 2012142 |  | 2012142 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New Zealand | 2775180 |  | 2775180 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Norway | 217240 | 217240 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Philippines | 279188 |  | 279188 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Singapore | 3285079 |  | 3285079 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;South Africa | 469952 | 469952 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Spain | 12273506 |  | 12273506 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Sweden | 1609182 |  | 1609182 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Switzerland | 1049157 | 527970 | 521187 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | 19157972 | 195751 | 18962221 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | 147701632 | 145922090 | 1779542 |  |
| &nbsp;&nbsp;Exchange Traded Funds (ETFs) | 13799476 | 13799476 |  |  |
| &nbsp;&nbsp;Limited Partnerships | 754707 | 754707 |  |  |
| &nbsp;&nbsp;Closed-End Fund | 159260 |  | 159260 |  |
| &nbsp;&nbsp;Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits | 4517973 |  | 4517973 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 4676209 | 4676209 | – | – |
| **Total Investments, at value** | $**297326756** | $**187228957** | $**110097799** | $**–** |
| **Other Financial Instruments - Liabilities** |  |  |  |  |
| &nbsp;&nbsp;Forward Foreign Currency Contract | $(144) | $– | $(144) | $– |
| **Total Other Financial Instruments - Liabilities** | $**(144)** | $**–** | $**(144)** | $**–** |

---

\* Includes securities that are fair valued at $0.

\*\* The following table summarizes the valuation technique used and unobservable input approved by the Valuation Committee to determine the fair value of certain, material Level 3 investments.

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(continued)**

**2. Investment valuation (continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fair Value at<br> May 31, 2025** | **Valuation Technique** | **Unobservable Input** | **Range** | **Weighted <br> Average** |
| **Destinations Low Duration Fixed Income Fund** |  |  |  |  |  |
| Senior Loans | $5036371 | Prior Transaction Analysis | Transaction Price | 63 – 99.50 | 83.72 |
| Common Stock | $342251 | Prior Transaction Analysis | Transaction Price | 0.04 – 1.25 | 1.25 |
| Common Stock | $1004614 | Next Round Financing | Discounted Price Share 15% Enterprise Value $60M | 1.20 | 1.20 |
| Corporate Bond | $6614292 | Prior Transaction Analysis | Transaction Price | 0.20 – 85 | 81.24 |
| Corporate Bond | $4477353 | Next Round Financing | Discounted Price Share 15% Enterprise Value $60M | 75.25 | 75.25 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $**17474881** |  |  |  |  |
| **Destinations Global Fixed Income Opportunities Fund** |  |  |  |  |  |
| Senior Loans | $1148793 | Prior Transaction Analysis | Transaction Price | 70.00 | 70.00 |
| Common Stock | $145932 | Prior Transaction Analysis | Transaction Price | 0.04 – 10 | 9.96 |
| Common Stock | $3415135 | Next Round Financing | Discounted Price Share 15% <br>Enterprise Value $60M | 1.20 | 1.20 |
| Common Stock | $3707600 | Market Comparables | Enterprise Value/EBITDA multiple | 4.24X | 4.24X |
| Corporate Bond | $5720025 | Prior Transaction Analysis | Transaction Price | 0.20 – 85 | 78.58 |
| Corporate Bond | $1156965 | Spread-Based Valuation | Spread to Worst | +342 | +342 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $**15294450** |  |  |  |  |

---

The level classification by major category of investments is the same as the category presentation in the Schedules of Investments.

The following is a reconciliation of assets for which significant unobservable inputs (Level 3) were used in determining fair value during the period February 28, 2025 through May 31, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Total** | **Corporate <br> Bonds & Notes** | **Senior <br> Loans** | **Common <br> Stocks** | **Warrants** | **Short<br> Terms** |
| **Destinations Low Duration Fixed Income Fund** | **Destinations Low Duration Fixed Income Fund** | **Destinations Low Duration Fixed Income Fund** |  |  |  |  |
| Balance as of February 28, 2025 | $17914916 | $10711118 | $5562972 | $1347134 | $- | $293692 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases | 394067 | 351396 | 42671 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sales/Paydowns) | (7330) |  | (7330) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total realized gain (loss) | (118) |  | (118) |  |  |  |
| Change in unrealized appreciation (depreciation) | (826654) | (264561) | (561824) | (269) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers In |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers Out | - | - | - | - | - | - |
| Balance as of May 31, 2025. | $17474881 | $10797953 | $5036371 | $1346865 | $- | $293692 |
| Change in unrealized appreciation (depreciation) from Investments held as of May 31, 2025 | $(1162147) | $(801893) | $(359985) | $(269) | $- | $- |
| **Destinations Global Fixed Income Opportunities Fund** | **Destinations Global Fixed Income Opportunities Fund** | **Destinations Global Fixed Income Opportunities Fund** |  |  |  |  |
| Balance as of February 28, 2025 | $15634693 | $6537468 | $1280084 | $7180584 | $203532 \* | $433025 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases | 206358 | 206358 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sales/Paydowns) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total realized gain (loss) | (5608126) | (5608126) |  |  |  |  |
| Change in unrealized appreciation (depreciation) | 5061525 | 5308265 | (131291) | (57297) | (58152) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers In |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers Out | - | - | - | - | - | - |
| Balance as of May 31, 2025 | $15294450 | $6443965 | $1148793 | $7123287 | $145380 \* | $433025 |
| Change in unrealized appreciation (depreciation) from Investments held as of May 31, 2025 | $(434837) | $(155320) | $(164068) | $(57297) | $(58152) | $- |

---

\* Includes securities that are fair valued at $0.

**Notes to Financial Statements**

**May 31, 2025** **(unaudited)(concluded)**

**2. Investment valuation (continued)**

Level 3 investments held during and at the end of the period ended May 31, 2025 in relation to net assets of the Destinations Large Cap Equity Fund, Destinations Small-Mid Cap Equity Fund and Destinations International Equity Fund were not significant (0.07%, 0.00%, and 0.05% of total net assets, respectively) and accordingly, a reconciliation of Level 3 assets for the period ended May 31, 2025 is not presented.

**3. Investments**

At May 31, 2025, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Fund** | **Aggregate Cost**<br>**For Federal Income**<br>**Tax Purposes** | **Gross**<br>**Unrealized**<br>**Appreciation** | **Gross**<br>**Unrealized**<br>**(Depreciation)** | **Net Unrealized**<br>**Appreciation**<br>**(Depreciation)** |
| Destinations Large Cap Equity Fund | $2832915552 | $785723000 | $(71478179) | $714244821 |
| Destinations Small-Mid Cap Equity Fund | 561089936 | 116457531 | (30533660) | 85923871 |
| Destinations International Equity Fund | 1461848473 | 513843025 | (89235430) | 424607595 |
| Destinations Equity Income Fund | 386184217 | 97956578 | (10209610) | 87746968 |
| Destinations Core Fixed Income Fund | 1754870624 | 12334835 | (151115769) | (138780934) |
| Destinations Low Duration Fixed Income Fund | 311940345 | 4339470 | (17040930) | (12701460) |
| Destinations Global Fixed Income Opportunities Fund | 676614532 | 15525972 | (25248556) | (9722584) |
| Destinations Municipal Fixed Income Fund | 667971779 | 2244282 | (21752335) | (19508053) |
| Destinations Multi Strategy Alternatives Fund | 508257946 | 22671353 | (14107973) | 8563380 |
| Destinations Shelter Fund | 64231871 | 32862751 | (2583315) | 30279436 |
| Destinations Real Assets Fund | 290809048 | 20057086 | (13539522) | 6517564 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Brinker Capital Destinations Trust

- **b. Investment Company Act file number:** 811-23207

- **c. CIK number of Registrant:** 0001688680

- **d. LEI of Registrant:** 549300X40Y9W6WTS8B82

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1055 Westlakes Drive, Suite 250

  - **City:** Berwyn

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19312

  - **Telephone number:** 800-333-4573

**Item A.2. Information about the Series.**

- **a. Name of Series:** Destinations Core Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000056106

- **c. LEI of Series:** 549300ZPIHFNJ7U75683

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1701460470.73

**Total Liabilities:** $132714128.21

**Net Assets:** $1568746342.52

**Cash Not Reported:** $24590287.98

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -2324.77322335 | **1-Year:** -47373.20005874 | **5-Year:** -150353.92769366 | **10-Year:** -202212.51722381 | **30-Year:** -59096.57822565

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -218.79740933 | **1-Year:** -5186.10129043 | **5-Year:** -12356.82005453 | **10-Year:** -13012.83454662 | **30-Year:** -1271.68789433

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176698 | -0.15%               | 0.13%                | -0.63%               |
| Class ID C000202458 | -0.13%               | 0.14%                | -0.60%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-324643.70              | $-7420249.61                               |
| Month 2  | $-2218198.87             | $-2355839.41                               |
| Month 3  | $-4194336.38             | $-12982508.48                              |

**Designated Index Information**

- **Index Name:** ICE BofAML US Broad Market Index

- **Index Identifier:** MERRILL.MC.US00

### Schedule of Portfolio Investments

| Name                            | Title                                                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BBCMS 2024-5C 5.208% 09/15/29   | BBCMS MORTGAGE TRUST 2024-5C29 SER 2024-5C29 CL A3 REGD 5.20800000                                | CUSIP: 05555PAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    362000 | PA      | $366514.57    | 0.02%             | 2057-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LT V/R 10/15/54  | ATHENE HOLDING LTD REGD V/R 6.62500000                                                            | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113084.18    | 0.01%             | 2054-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH I 5.05% 06/01/29  | L3HARRIS TECH INC REGD 5.05000000                                                                 | CUSIP: 502431AS8<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    140000 | PA      | $142148.81    | 0.01%             | 2029-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UMBS P#BQ0194 2% 08/01/50       | FANNIE MAE POOL UMBS P#BQ0194 2.00000000                                                          | CUSIP: 3140KKGC2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3933820 | PA      | $3115668.81   | 0.20%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CO 5.625% 08/15/35  | BAT CAPITAL CORP REGD 5.62500000                                                                  | CUSIP: 05526DCC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    499000 | PA      | $499970.63    | 0.03%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & E 6.15% 01/15/33  | PACIFIC GAS & ELECTRIC REGD 6.15000000                                                            | CUSIP: 694308KJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231000 | PA      | $234905.17    | 0.01%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER C 2.1% 06/15/30  | AMERICAN TOWER CORP REGD 2.10000000                                                               | CUSIP: 03027XBC3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   2618000 | PA      | $2300893.99   | 0.15%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN 6.875% 05/13/37  | UNITED MEXICAN STATES REGD 6.87500000                                                             | CUSIP: 91087BBC3<br>LEI: N/A                  | Long             | DBT              | USGA              | MX        |    420000 | PA      | $424011.00    | 0.03%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDI 5.625% 08/15/29  | WR GRACE HOLDING LLC REGD 144A P/P 5.62500000                                                     | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44055.77     | 0.00%             | 2029-08-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| VZMT 2024-1 C 5.49% 12/20/28    | VERIZON MASTER TRUST SER 2024-1 CL C REGD 5.49000000                                              | CUSIP: 92348KCP6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-CBDO         | CORP              | US        |   3355000 | PA      | $3365465.92   | 0.21%             | 2028-12-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 07/20/29     | MORGAN STANLEY REGD V/R 5.44900000                                                                | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35799.79     | 0.00%             | 2029-07-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL 2.75% 07/03/30  | STATE OF ISRAEL REGD SER 10Y 2.75000000                                                           | CUSIP: 46513JB34<br>LEI: N/A                  | Long             | DBT              | USGA              | IL        |    200000 | PA      | $177979.60    | 0.01%             | 2030-07-03      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| T/L KASEYA INC 0.00% 03/06/32/  | T/L KASEYA INC 0.00000000                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     15000 | PA      | $14989.35     | 0.00%             | 2032-03-06      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| CASTLE US HOLDING 10% 06/30/31  | CASTLE US HOLDING CORP REGD P/P 10.00000000                                                       | CUSIP: 14852LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $8100.00      | 0.00%             | 2031-06-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS  5.65% 01/15/65  | CONOCOPHILLIPS COMPANY REGD 5.65000000                                                            | CUSIP: 20826FBN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $124341.91    | 0.01%             | 2065-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SORT 2021-1A A 1.53% 03/15/26   | CF HIPPOLYTA ISSUER LLC SER 2021-1A CL A1 REGD 144A P/P 1.53000000                                | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    122518 | PA      | $117964.03    | 0.01%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| ARROW ELECTRONI 5.15% 08/21/29  | ARROW ELECTRONICS INC REGD 5.15000000                                                             | CUSIP: 04273WAF8<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171764.70    | 0.01%             | 2029-08-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PL 5.125% 03/26/29  | BAE SYSTEMS PLC REGD 144A P/P 5.12500000                                                          | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    385000 | PA      | $392202.88    | 0.03%             | 2029-03-26      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| GNR 2021-137 IQ 3% 08/20/51     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-137 CL IQ 3.00000000                            | CUSIP: 38382WXF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9451413 | PA      | $1530964.39   | 0.10%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC 2.1% 04/01/31  | CROWN CASTLE INC REGD 2.10000000                                                                  | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    115000 | PA      | $97148.72     | 0.01%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| F/C US ULTRA BOND CBT SEP25     | FUTURE CONTRACT ON           US ULTRA BOND CBT SEP25 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -26 | NC      | $-3017625.00  | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| TCN 2024-SFR1  4.65% 04/17/29   | TRICON RESIDENTIAL 2024-SFR1 TRUST SER 2024-SFR1 CL A REGD 144A P/P 4.65000000                    | CUSIP: 89616UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    260000 | PA      | $257972.13    | 0.02%             | 2041-04-17      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP 3.8% 11/15/37       | ORACLE CORP REGD 3.80000000                                                                       | CUSIP: 68389XBP9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    345000 | PA      | $287751.59    | 0.02%             | 2037-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FO 3.75% 12/01/31  | JBS USA HOLD/FOOD/LUX CO REGD 3.75000000                                                          | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    242000 | PA      | $222033.21    | 0.01%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS  6.375% 03/01/33  | POST HOLDINGS INC REGD 144A P/P 6.37500000                                                        | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84378.76     | 0.01%             | 2033-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA7605 3% 11/01/50       | FANNIE MAE POOL UMBS P#CA7605 3.00000000                                                          | CUSIP: 3140QFNX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2138672 | PA      | $1866517.12   | 0.12%             | 2050-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINAN 5.2% 03/14/35  | PRUDENTIAL FINANCIAL INC REGD MTN 5.20000000                                                      | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     99000 | PA      | $98486.16     | 0.01%             | 2035-03-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP 4.8% 05/15/30    | STARBUCKS CORP REGD 4.80000000                                                                    | CUSIP: 855244BL2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160520.91    | 0.01%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH  4.875% 06/01/28  | BAUSCH HEALTH COS INC REGD 144A P/P 4.87500000                                                    | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $48975.00     | 0.00%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CONSUMERS 23 SE 5.55% 03/01/28  | CONSUMERS 23 SECURE FUND REGD SER A1 5.55000000                                                   | CUSIP: 21071BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    934152 | PA      | $939999.63    | 0.06%             | 2028-03-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER  7.25% 11/15/29  | LIGHT & WONDER INTL INC REGD 144A P/P 7.25000000                                                  | CUSIP: 80874YBE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66874.60     | 0.00%             | 2029-11-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TIERRA MOJADA L 5.75% 12/01/40  | TIERRA MOJADA LUX II SRL REGD REG S 5.75000000                                                    | CUSIP: L3500LAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    173454 | PA      | $160878.65    | 0.01%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSA 5.75% 06/01/54  | ENTERGY ARKANSAS LLC REGD 5.75000000                                                              | CUSIP: 29366MAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $81010.25     | 0.01%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / E 5.3% 04/01/32  | DELL INT LLC / EMC CORP REGD 5.30000000                                                           | CUSIP: 24703TAN6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $346549.49    | 0.02%             | 2032-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VORTEX OPCO LLC V/R 04/30/30    | VORTEX OPCO LLC REGD V/R P/P 10.53788000                                                          | CUSIP: 92905YAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      2880 | PA      | $2793.60      | 0.00%             | 2030-04-30      | Variable      | 10.54%                | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GR 5.75% 07/15/64  | UNITEDHEALTH GROUP INC REGD 5.75000000                                                            | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    145000 | PA      | $135333.57    | 0.01%             | 2064-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 10/25/35  | BANK OF AMERICA CORP REGD V/R 5.51800000                                                          | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    390000 | PA      | $382815.30    | 0.02%             | 2035-10-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS4114 4.5% 03/01/53     | FANNIE MAE POOL UMBS P#FS4114 4.50000000                                                          | CUSIP: 3140XKSC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    748210 | PA      | $706356.77    | 0.05%             | 2053-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HPEFS 2024-1A  5.18% 05/20/31   | HPEFS EQUIPMENT TRUST 2024-1 SER 2024-1A CL A3 REGD 144A P/P 5.18000000                           | CUSIP: 403963AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3105000 | PA      | $3111342.27   | 0.20%             | 2031-05-20      | Fixed         | 5.18%                 | Yes           |                  2 | On Loan: No      |
| PNMSR 2021-FT1 A V/R 03/25/26   | PMT ISSUER TRUST - FMSR SER 2021-FT1 CL A V/R REGD 144A P/P 7.43952000                            | CUSIP: 69346MAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1800000 | PA      | $1804989.60   | 0.12%             | 2026-03-25      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA9381 2% 03/01/51       | FANNIE MAE POOL UMBS P#CA9381 2.00000000                                                          | CUSIP: 3140QHM77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2268196 | PA      | $1770647.28   | 0.11%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNR 2016-3 MI 5.5% 02/25/46     | FANNIE MAE REMICS SER 2016-3 CL MI 5.50000000                                                     | CUSIP: 3136ARGB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    472447 | PA      | $65747.67     | 0.00%             | 2046-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFSFC 2023-C A 5.52% 10/15/26   | PFS FINANCING CORP SER 2023-C CL A REGD 144A P/P 5.52000000                                       | CUSIP: 69335PEY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2915000 | PA      | $2954901.39   | 0.19%             | 2028-10-15      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| T/L VOYAGER PARENT 0% 05/09/32  | T/L VOYAGER PARENT LLC         REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    105000 | PA      | $102981.90    | 0.01%             | 2032-05-09      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS5497 4% 01/01/49       | FANNIE MAE POOL UMBS P#FS5497 4.00000000                                                          | CUSIP: 3140XMDB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    100751 | PA      | $95045.43     | 0.01%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG  7.375% 02/15/29  | TALLGRASS NRG PRTNR/FIN REGD 144A P/P 7.37500000                                                  | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $66111.70     | 0.00%             | 2029-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN IMPERIAL V/R 01/13/31  | CANADIAN IMPERIAL BANK REGD V/R 5.24500000                                                        | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    156000 | PA      | $158506.13    | 0.01%             | 2031-01-13      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| LIFE 2021-BMR D V/R 03/15/23    | LIFE 2021-BMR MORTGAGE TRUST SER 2021-BMR CL D V/R REGD 144A P/P 5.84348000                       | CUSIP: 53218CAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    756000 | PA      | $749385.00    | 0.05%             | 2038-03-15      | Variable      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| ADANI TRANS STE 4.25% 05/21/36  | ADANI TRANS STEP-ONE LTD REGD REG S 4.25000000                                                    | CUSIP: Y0R15UGV6<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    278000 | PA      | $234359.75    | 0.01%             | 2036-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEAL 7.25% 02/15/31  | SEALED AIR/SEALED AIR US REGD 144A P/P 7.25000000                                                 | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $109717.97    | 0.01%             | 2031-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP 3.75% 04/01/40     | COMCAST CORP REGD 3.75000000                                                                      | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    735000 | PA      | $595116.79    | 0.04%             | 2040-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T/L MADISON SAF 0.00% 09/26/31  | T/L MADISON SAFETY & FLOW LLC  0% 0.00000000                                                      | CUSIP: 55822DAM3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     44775 | PA      | $44803.21     | 0.00%             | 2031-09-26      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DE V/R 04/30/35  | BANCO INTERNAC DEL PERU REGD V/R 144A P/P 6.39700000                                              | CUSIP: 05968DAG5<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    150000 | PA      | $151965.00    | 0.01%             | 2035-04-30      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| COMMSCOPE TECH LLC 5% 03/15/27  | COMMSCOPE TECH LLC REGD 144A P/P 5.00000000                                                       | CUSIP: 20338HAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43487.21     | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM O 6.384% 10/23/35  | CHARTER COMM OPT LLC/CAP REGD SER WI 6.38400000                                                   | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3965000 | PA      | $4070583.07   | 0.26%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS U 4.625% 04/01/30  | ASHTON WOODS USA/FINANCE REGD 144A P/P 4.62500000                                                 | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $56254.28     | 0.00%             | 2030-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY C 4.75% 02/01/32  | EXPAND ENERGY CORP REGD 4.75000000                                                                | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     82000 | PA      | $77303.34     | 0.00%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCRT 2020-2 MT 2% 11/25/59      | FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-2 SER 2020-2 CL MT 2.00000000         | CUSIP: 35563PQN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5423837 | PA      | $4304073.02   | 0.27%             | 2059-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC 3.9% 04/15/32       | EQUINIX INC REGD 3.90000000                                                                       | CUSIP: 29444UBU9<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    157000 | PA      | $147457.48    | 0.01%             | 2032-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO 5% 10/15/34    | HP ENTERPRISE CO REGD 5.00000000                                                                  | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    356000 | PA      | $346635.02    | 0.02%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| G2SF 30 YR TBA 3.5 JUN 25       | G2SF 30 YR TBA 3.5 JUN 25     TO BE ANNOUNCED 3.50000000                                          | CUSIP: 21H032662<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |  -1313000 | PA      | $-1167983.73  | -0.07%            | 2055-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA 4.375% 07/17/27     | CENCOSUD SA REGD REG S 4.37500000                                                                 | CUSIP: P2205JAQ3<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |    300000 | PA      | $295539.30    | 0.02%             | 2027-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ONEOK INC 4.4% 10/15/29         | ONEOK INC REGD 4.40000000                                                                         | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    190000 | PA      | $186960.94    | 0.01%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRIC 5.672% 10/20/35  | CHILE ELECTRICITY LUX REGD 144A P/P 5.67200000                                                    | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $199330.00    | 0.01%             | 2035-10-20      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| T/L CROWN FINANC 0% 12/02/31    | T/L CROWN FINANCE US  INC      REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     34912 | PA      | $34925.07     | 0.00%             | 2031-12-02      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP 5.4% 03/01/29    | SOLVENTUM CORP REGD 5.40000000                                                                    | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    648000 | PA      | $661290.78    | 0.04%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| G2SF  30 YR TBA 5.5% JUN 25     | G2SF  30 YR TBA 5.5% JUN 25    TO BE ANNOUNCED 5.50000000                                         | CUSIP: 21H052660<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3635000 | PA      | $3608731.42   | 0.23%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATION 7.25% 06/15/30  | HUB INTERNATIONAL LTD REGD 144A P/P 7.25000000                                                    | CUSIP: 44332PAH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67692.43     | 0.00%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CARVANA CO 9% 06/01/30          | CARVANA CO REGD 144A P/P 9.00000000                                                               | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57999.33     | 0.00%             | 2030-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM8535 4% 06/01/48       | FANNIE MAE POOL UMBS P#FM8535 4.00000000                                                          | CUSIP: 3140XCPV4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    732352 | PA      | $681870.43    | 0.04%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#WA0506 3.03% 01/01/50    | FREDDIE MAC POOL UMBS P#WA0506 3.03000000                                                         | CUSIP: 3132WRRR6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3607223 | PA      | $2844646.40   | 0.18%             | 2050-01-01      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY IN 5% 01/15/31  | TRANS-ALLEGHENY INTERSTA REGD 144A P/P 5.00000000                                                 | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    407000 | PA      | $410137.67    | 0.03%             | 2031-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| T/L BRAND INDUSTRI 0% 08/01/30  | T/L BRAND INDUSTRIAL SERVICES  INC REGD 0.00000000                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     26371 | PA      | $21920.64     | 0.00%             | 2030-08-01      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA2304 4% 10/20/44    | GINNIE MAE II POOL P#MA2304 4.00000000                                                            | CUSIP: 36179QRZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    414572 | PA      | $388068.61    | 0.02%             | 2044-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MF 5% 10/01/29  | AMERICAN AXLE & MFG INC REGD 5.00000000                                                           | CUSIP: 02406PBB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $54544.61     | 0.00%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QORVO INC 3.375% 04/01/31       | QORVO INC REGD 144A P/P 3.37500000                                                                | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    109000 | PA      | $95910.78     | 0.01%             | 2031-04-01      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| LIFE 2022-BMR2 D V/R 05/15/24   | LIFE 2022-BMR MORTGAGE TRUST SER 2022-BMR2 CL D V/R REGD 144A P/P 6.87062000                      | CUSIP: 53218DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2147807.76   | 0.14%             | 2039-05-15      | Variable      | 6.87%                 | Yes           |                  2 | On Loan: No      |
| T/L ONTARIO GAMIN 0%  08/01/30  | T/L ONTARIO GAMING GTA LIMITED PARTNERSHIP REGD TERM LOAN 0.00000000                              | CUSIP: C6907UAB7<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     21544 | PA      | $21177.81     | 0.00%             | 2030-08-01      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| F/C US LONG BOND(CBT) SEP25     | FUTURE CONTRACT ON           US LONG BOND(CBT) SEP25 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -59 | NC      | $-6654093.75  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| UMBS P#SD1218 4% 07/01/49       | FREDDIE MAC POOL UMBS P#SD1218 4.00000000                                                         | CUSIP: 3132DNK77<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    293039 | PA      | $273486.61    | 0.02%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA7590 3% 09/20/51    | GINNIE MAE II POOL P#MA7590 3.00000000                                                            | CUSIP: 36179WNF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    728464 | PA      | $635041.47    | 0.04%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T/L LBM ACQUISI 0% 06/06/31     | T/L LBM ACQUISITION  LLC       REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    136269 | PA      | $122009.68    | 0.01%             | 2031-06-06      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| CMHAT 2021-MH 1.753% 02/25/46   | CASCADE MH ASSET TRUST 2021-MH1 SER 2021-MH1 CL A1 REGD 144A P/P 1.75300000                       | CUSIP: 14731QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    201548 | PA      | $183069.41    | 0.01%             | 2046-02-25      | Variable      | 1.75%                 | Yes           |                  2 | On Loan: No      |
| STATION CASINO 6.625% 03/15/32  | STATION CASINOS LLC REGD 144A P/P 6.62500000                                                      | CUSIP: 857691AJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55075.41     | 0.00%             | 2032-03-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| T/L CLUBCORP HOLD 0% 09/18/26   | T/L CLUBCORP  HOLDINGS INC     REGD 0.00000000                                                    | CUSIP: 18948TAF0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     52741 | PA      | $52729.69     | 0.00%             | 2026-09-18      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA  8.875% 02/10/35  | SAAVI ENERGIA SARL REGD 144A P/P 8.87500000                                                       | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $204600.00    | 0.01%             | 2035-02-10      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS8968 6% 09/01/54       | FANNIE MAE POOL UMBS P#FS8968 6.00000000                                                          | CUSIP: 3140XQ6E2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    422889 | PA      | $428258.23    | 0.03%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T/L GRANT THORN 0.00% 06/02/31  | T/L GRANT THORNTON ADVISORS    LLC 0.00000000                                                     | CUSIP: 38821UAF7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     35000 | PA      | $34970.95     | 0.00%             | 2031-06-02      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AESOP 2020-1A  2.33% 08/20/25   | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2020-1A CL A REGD 144A P/P 2.33000000                | CUSIP: 05377RDU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2960000 | PA      | $2950280.54   | 0.19%             | 2026-08-20      | Fixed         | 2.33%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM8911 3.5% 02/01/51     | FANNIE MAE POOL UMBS P#FM8911 3.50000000                                                          | CUSIP: 3140XC3V8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1216532 | PA      | $1091104.73   | 0.07%             | 2051-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LMAT 2021-GS4 A1 V/R 11/25/60   | LEGACY MORTGAGE ASSET TRUST 2021-GS4 SER 2021-GS4 CL A1 V/R REGD 144A P/P 4.65000000              | CUSIP: 52475WAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    188610 | PA      | $188409.09    | 0.01%             | 2060-11-25      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS MEXIC 6.75% 09/21/47  | PETROLEOS MEXICANOS REGD MTN 6.75000000                                                           | CUSIP: 71654QCC4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    150000 | PA      | $101406.92    | 0.01%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 07/22/30  | JPMORGAN CHASE & CO REGD V/R 4.99500000                                                           | CUSIP: 46647PEJ1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    565000 | PA      | $570275.29    | 0.04%             | 2030-07-22      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| AOMT 2021-6 A1 V/R 09/25/66     | ANGEL OAK MORTGAGE TRUST 2021-6 SER 2021-6 CL A1 V/R REGD 144A P/P 1.45800000                     | CUSIP: 03465JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1020632 | PA      | $855318.21    | 0.05%             | 2066-09-25      | Variable      | 1.46%                 | Yes           |                  2 | On Loan: No      |
| AVIATION CAPIT 5.375% 07/15/29  | AVIATION CAPITAL GROUP REGD 144A P/P 5.37500000                                                   | CUSIP: 05369AAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $102072.85    | 0.01%             | 2029-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| MF1 2022-FL8 A V/R 02/19/37     | MF1 2022-FL8 LTD SER 2022-FL8 CL A V/R REGD 144A P/P 5.67438000                                   | CUSIP: 55284JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    102006 | PA      | $101930.95    | 0.01%             | 2037-02-19      | Variable      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO/THE 6.528% 05/01/34   | BOEING CO/THE REGD SER WI 6.52800000                                                              | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58705.45     | 0.00%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER &  5.3% 06/15/34  | FLORIDA POWER & LIGHT CO REGD 5.30000000                                                          | CUSIP: 341081GU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1975878.29   | 0.13%             | 2034-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UMBS P#BU0986 2.5% 11/01/51     | FANNIE MAE POOL UMBS P#BU0986 2.50000000                                                          | CUSIP: 3140M2CY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    277609 | PA      | $228965.08    | 0.01%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 0.625% 11/30/27    | UNITED STATES TREASURY NOTE 0.62500000                                                            | CUSIP: 91282CAY7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6123000 | PA      | $5653968.65   | 0.36%             | 2027-11-30      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| UMBS P#BR0948 2% 04/01/51       | FANNIE MAE POOL UMBS P#BR0948 2.00000000                                                          | CUSIP: 3140KYBS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    785663 | PA      | $612373.88    | 0.04%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP 3.25% 08/15/29  | CVS HEALTH CORP REGD 3.25000000                                                                   | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    135000 | PA      | $126824.71    | 0.01%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETR 7.15% 05/15/28  | OCCIDENTAL PETROLEUM COR REGD 7.15000000                                                          | CUSIP: 674599DR3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4720000 | PA      | $4899218.40   | 0.31%             | 2028-05-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| FNR 2021-3 NI 2.5% 02/25/51     | FANNIE MAE REMICS SER 2021-3 CL NI 2.50000000                                                     | CUSIP: 3136BDQ84<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    861582 | PA      | $127089.41    | 0.01%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK 2024-BNK48  V/R 09/15/34   | BANK 2024-BNK48 SER 2024-BNK48 CL XA V/R REGD 1.14702900                                          | CUSIP: 06541GAN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3880085 | PA      | $322516.91    | 0.02%             | 2057-10-15      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| AREIT 2024-CRE9  V/R 01/17/29   | AREIT 2024-CRE9 LTD SER 2024-CRE9 CL A V/R REGD 144A P/P 6.01516000                               | CUSIP: 00193AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    120000 | PA      | $120173.11    | 0.01%             | 2041-05-17      | Variable      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| JDOT 2023-C A4 5.39% 08/15/30   | JOHN DEERE OWNER TRUST 2023-C SER 2023-C CL A4 REGD 5.39000000                                    | CUSIP: 47787CAD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2440498.56   | 0.16%             | 2030-08-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURI 6% 06/01/29  | GARDA WORLD SECURITY REGD 144A P/P 6.00000000                                                     | CUSIP: 36485MAL3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     85000 | PA      | $80842.62     | 0.01%             | 2029-06-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 04/22/30  | JPMORGAN CHASE & CO REGD V/R 5.58100000                                                           | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    485000 | PA      | $500643.44    | 0.03%             | 2030-04-22      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| PROG 2025-SFR1  S/UP 02/17/30   | PROGRESS RESIDENTIAL 2025-SFR1 TRUST SER 2025-SFR1 CL A S/UP REGD 144A P/P 3.40000000             | CUSIP: 74334NAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    730000 | PA      | $683705.08    | 0.04%             | 2042-02-17      | Variable      | 3.40%                 | Yes           |                  2 | On Loan: No      |
| T/L LIFEPOINT HEA ZCP 05/17/31  | T/L LIFEPOINT HEALTH INC REGD ZCP TERM LOAN 0.00000000                                            | CUSIP: 75915TAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     61045 | PA      | $60186.56     | 0.00%             | 2031-05-17      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC 5.125% 06/15/30    | AUTOZONE INC REGD 5.12500000                                                                      | CUSIP: 053332BM3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    156000 | PA      | $158464.66    | 0.01%             | 2030-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-AFC1 A V/R 02/25/25   | CSMC 2021-AFC1 TRUST SER 2021-AFC1 CL A1 V/R REGD 144A P/P 0.83000000                             | CUSIP: 12657LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    336818 | PA      | $270314.45    | 0.02%             | 2056-03-25      | Variable      | 0.83%                 | Yes           |                  2 | On Loan: No      |
| KINETIK HOLDIN 5.875% 06/15/30  | KINETIK HOLDINGS LP REGD 144A P/P 5.87500000                                                      | CUSIP: 49461MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     78000 | PA      | $77536.49     | 0.00%             | 2030-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MARS INC 5% 03/01/32            | MARS INC REGD 144A P/P 5.00000000                                                                 | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    755000 | PA      | $757538.94    | 0.05%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT 4.8% 03/01/50  | CHARTER COMM OPT LLC/CAP REGD 4.80000000                                                          | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $239710.78    | 0.02%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T/L NEP GROUP INC 0% 08/19/26   | T/L NEP GROUP INC REGD 0.00000000                                                                 | CUSIP: 62908HAM7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    120671 | PA      | $109139.54    | 0.01%             | 2026-08-19      | Variable      | 9.34%                 | No            |                  2 | On Loan: No      |
| CSMC 2010-8R 5A1 V/R 02/26/37   | CSMC SERIES 2010-8R SER 2010-8R CL 5A11 V/R REGD 144A P/P 5.75952000                              | CUSIP: 12644KJE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    921370 | PA      | $903045.30    | 0.06%             | 2037-02-26      | Variable      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| AKER BP ASA 6% 06/13/33         | AKER BP ASA REGD 144A P/P 6.00000000                                                              | CUSIP: 00973RAM5<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    150000 | PA      | $150770.26    | 0.01%             | 2033-06-13      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN HOMES 4 5.5% 02/01/34  | AMERICAN HOMES 4 RENT REGD 5.50000000                                                             | CUSIP: 02666TAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $209572.41    | 0.01%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TIPS 0.25% 02/15/50          | UNITED STATES TREASURY INFLATION INDEXED BONDS 0.25000000                                         | CUSIP: 912810SM1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2127274 | PA      | $1211904.71   | 0.08%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| COLT 2021-2 A1 V/R 08/25/66     | COLT 2021-2 MORTGAGE LOAN TRUST SER 2021-2 CL A1 V/R REGD 144A P/P 0.92400000                     | CUSIP: 19685WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    438273 | PA      | $365487.33    | 0.02%             | 2066-08-25      | Variable      | 0.92%                 | Yes           |                  2 | On Loan: No      |
| OMEGA HLTHCARE  4.75% 01/15/28  | OMEGA HLTHCARE INVESTORS REGD 4.75000000                                                          | CUSIP: 681936BK5<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76050.83     | 0.00%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SSTRT 2025-A  5.038% 04/25/28   | SECURITIZED TERM AUTO RECEIVABLES TRUST SER 2025-A CL B REGD 144A P/P 5.03800000                  | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-CBDO         | CORP              | CA        |    154910 | PA      | $155600.84    | 0.01%             | 2031-07-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER C 3.8% 08/15/29  | AMERICAN TOWER CORP REGD 3.80000000                                                               | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86861.14     | 0.01%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8089 2.5% 07/01/50     | FREDDIE MAC POOL UMBS P#SD8089 2.50000000                                                         | CUSIP: 3132DV7A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    288074 | PA      | $237710.98    | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDI 6.75% 04/15/29  | HIGHTOWER HOLDING LLC REGD 144A P/P 6.75000000                                                    | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64098.02     | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FGLMC P#C91815 3% 03/01/35      | FREDDIE MAC GOLD POOL P#C91815 3.00000000                                                         | CUSIP: 3128P8AQ4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    226655 | PA      | $215009.55    | 0.01%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDAT 3.002% 06/01/51  | KAISER FOUNDATION HOSPIT REGD SER 2021 3.00200000                                                 | CUSIP: 48305QAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $56566.96     | 0.00%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO 4.95% 12/15/29   | OHIO EDISON CO REGD 144A P/P 4.95000000                                                           | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $126000.01    | 0.01%             | 2029-12-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| CSN RESOURCES  5.875% 04/08/32  | CSN RESOURCES SA REGD REG S 5.87500000                                                            | CUSIP: L21779AK6<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    200000 | PA      | $164380.94    | 0.01%             | 2032-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL E 4.125% 03/01/48  | SOUTHERN CAL EDISON REGD SER C 4.12500000                                                         | CUSIP: 842400GK3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $328780.21    | 0.02%             | 2048-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FNR 2025-3 DA 5.5% 04/25/52     | FANNIE MAE REMICS SER 2025-3 CL DA 5.50000000                                                     | CUSIP: 3136BURE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    431554 | PA      | $432577.25    | 0.03%             | 2052-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP 4.15% 07/15/27 | FIRSTENERGY CORP REGD SER B 3.90000000                                                            | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83783.26     | 0.01%             | 2027-07-15      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIF 4.803% 06/05/30  | PROTECTIVE LIFE GLOBAL REGD 144A P/P 4.80300000                                                   | CUSIP: 74368CCC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $215274.52    | 0.01%             | 2030-06-05      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB4573 5% 09/01/52       | FANNIE MAE POOL UMBS P#CB4573 5.00000000                                                          | CUSIP: 3140QQCK9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5003722 | PA      | $4854500.45   | 0.31%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION 4.866% 08/05/32  | BROOKLYN UNION GAS CO REGD 144A P/P 4.86600000                                                    | CUSIP: 114259AW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $330288.37    | 0.02%             | 2032-08-05      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| CONSOLIDATED COMMU 5% 10/01/28  | CONSOLIDATED COMMUNICATI REGD 144A P/P 5.00000000                                                 | CUSIP: 20903XAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90906.36     | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MASS MUTUAL LI 3.375% 04/15/50  | MASS MUTUAL LIFE INS CO REGD 144A P/P 3.37500000                                                  | CUSIP: 575767AQ1<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    324000 | PA      | $215539.54    | 0.01%             | 2050-04-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.875% 12/15/30   | TRANSDIGM INC REGD 144A P/P 6.87500000                                                            | CUSIP: 893647BS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $139227.93    | 0.01%             | 2030-12-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| BLACKSTONE HOLDING 2% 01/30/32  | BLACKSTONE HOLDINGS FINA REGD 144A P/P 2.00000000                                                 | CUSIP: 09261BAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    396000 | PA      | $326976.53    | 0.02%             | 2032-01-30      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| CONAGRA BRANDS  4.85% 11/01/28  | CONAGRA BRANDS INC REGD 4.85000000                                                                | CUSIP: 205887CC4<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    370000 | PA      | $371590.69    | 0.02%             | 2028-11-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MLMI 2006-AF1  5.75% 08/25/36   | MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 20 SER 2006-AF1 CL AF1 REGD 5.75000000              | CUSIP: 59023RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5994881 | PA      | $2578596.57   | 0.16%             | 2036-08-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP 5.375% 12/01/31   | APPLOVIN CORP REGD 5.37500000                                                                     | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75694.63     | 0.00%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZK9295 3% 02/01/33       | FREDDIE MAC POOL UMBS P#ZK9295 3.00000000                                                         | CUSIP: 3131XDKG9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    520156 | PA      | $500207.74    | 0.03%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLVR 2018-1A A1R V/R 04/20/37   | CLOVER CLO 2018-1 LLC SER 2018-1A CL A1RR V/R REGD 144A P/P 5.79947000                            | CUSIP: 18914GAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501648.80    | 0.03%             | 2037-04-20      | Variable      | 5.80%                 | Yes           |                  2 | On Loan: No      |
| INTELSAT JACKSON 6.5% 03/15/30  | INTELSAT JACKSON HLDG REGD 144A P/P 6.50000000                                                    | CUSIP: 45824TBC8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     50000 | PA      | $49169.43     | 0.00%             | 2030-03-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| OMEGA HLTHCARE  3.25% 04/15/33  | OMEGA HLTHCARE INVESTORS REGD 3.25000000                                                          | CUSIP: 681936BN9<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |     92000 | PA      | $77776.75     | 0.00%             | 2033-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COMM 2024-277 6.338% 08/10/29   | COMM 2024-277P MORTGAGE TRUST SER 2024-277P CL A REGD 144A P/P 6.33800000                         | CUSIP: 12654FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    370000 | PA      | $385115.06    | 0.02%             | 2044-08-10      | Fixed         | 6.34%                 | Yes           |                  2 | On Loan: No      |
| GMCAR 2023-2 B 4.82% 10/16/28   | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-2 SER 2023-2 CL B REGD 4.82000000         | CUSIP: 362583AF3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2455000 | PA      | $2465363.05   | 0.16%             | 2028-10-16      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 2.5% JUNE 25      | FNMA 30YR TBA 2.5% JUNE 25 TO BE ANNOUNCED 2.50000000                                             | CUSIP: 01F022667<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |  -2070000 | PA      | $-1685649.17  | -0.11%            | 2055-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA4263 4% 02/20/47    | GINNIE MAE II POOL P#MA4263 4.00000000                                                            | CUSIP: 36179SWY9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    235406 | PA      | $218529.17    | 0.01%             | 2047-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC 5.25% 06/01/32     | VERISIGN INC REGD 5.25000000                                                                      | CUSIP: 92343EAQ5<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |    194000 | PA      | $195532.41    | 0.01%             | 2032-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VALE OVERSEAS LI 6.4% 06/28/54  | VALE OVERSEAS LIMITED REGD 6.40000000                                                             | CUSIP: 91911TAS2<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |     90000 | PA      | $86038.27     | 0.01%             | 2054-06-28      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PROG 2022-SFR3  3.2% 04/17/27   | PROGRESS RESIDENTIAL 2022-SFR3 TRUST SER 2022-SFR3 CL A REGD 144A P/P 3.20000000                  | CUSIP: 74331UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    321295 | PA      | $312040.89    | 0.02%             | 2039-04-17      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CO 4.85% 06/15/28      | SOUTHERN CO REGD 4.85000000                                                                       | CUSIP: 842587DQ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65816.42     | 0.00%             | 2028-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ARIS MINING CORP 8% 10/31/29    | ARIS MINING CORP REGD 144A P/P 8.00000000                                                         | CUSIP: 04040YAB5<br>LEI: 5493001GJ5TILX6L1F82 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $203052.35    | 0.01%             | 2029-10-31      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE WEST C 5.15% 05/15/30  | PINNACLE WEST CAPITAL REGD 5.15000000                                                             | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    261000 | PA      | $263981.34    | 0.02%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CA V/R 06/15/54  | NEXTERA ENERGY CAPITAL REGD V/R 6.75000000                                                        | CUSIP: 65339KDB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     88000 | PA      | $89976.22     | 0.01%             | 2054-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| EFF 2024-3 A2 5.31% 04/20/27    | ENTERPRISE FLEET FINANCING 2024-3 LLC SER 2024-3 CL A2 REGD 144A P/P 5.31000000                   | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2974472 | PA      | $2984004.56   | 0.19%             | 2027-04-20      | Fixed         | 5.31%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM5109 3.5% 05/01/47     | FANNIE MAE POOL UMBS P#FM5109 3.50000000                                                          | CUSIP: 3140X8VB0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    573903 | PA      | $524745.24    | 0.03%             | 2047-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICE 5.2% 11/15/34  | REPUBLIC SERVICES INC REGD 5.20000000                                                             | CUSIP: 760759BK5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    385000 | PA      | $387960.87    | 0.02%             | 2034-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| T/L KRONOS ACQ 0% 07/08/31      | T/L KRONOS ACQUISITION         HOLDINGS INC REGD 0.00000000                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |     28090 | PA      | $23896.82     | 0.00%             | 2031-07-08      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| G2SF 30YR TBA 4% JUN 12         | G2SF 30YR TBA 4% JUN 12        TO BE ANNOUNCED 4.00000000                                         | CUSIP: 21H040665<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |    -40000 | PA      | $-36623.62    | -0.00%            | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STAR 2021-1 A1 V/R 05/25/65     | STAR 2021-1 TRUST SER 2021-1 CL A1 V/R REGD 144A P/P 1.21900000                                   | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    326856 | PA      | $304550.13    | 0.02%             | 2065-05-25      | Variable      | 1.22%                 | Yes           |                  2 | On Loan: No      |
| LXS 2007-4N 1A3 V/R 03/25/47    | LEHMAN XS TRUST SERIES 2007-4N SER 2007-4N CL 1A3 V/R REGD 4.91920000                             | CUSIP: 52524HAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2351730 | PA      | $2002878.20   | 0.13%             | 2047-03-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS 4.1% 10/15/41  | KYNDRYL HOLDINGS INC REGD SER WI 4.10000000                                                       | CUSIP: 50155QAM2<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    296000 | PA      | $227926.89    | 0.01%             | 2041-10-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-NQM1 A V/R 01/25/26   | CSMC 2022-NQM1 TRUST SER 2022-NQM1 CL A1 V/R REGD 144A P/P 2.26500000                             | CUSIP: 126416AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1289101 | PA      | $1157510.78   | 0.07%             | 2066-11-25      | Variable      | 2.27%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 04/19/35     | MORGAN STANLEY REGD V/R MTN 5.83100000                                                            | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3485000 | PA      | $3593317.56   | 0.23%             | 2035-04-19      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| CWALT 2007-4CB 1 V/R 04/25/37   | ALTERNATIVE LOAN TRUST 2007-4CB SER 2007-4CB CL 1A1 V/R REGD 5.03920000                           | CUSIP: 02148FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1866180 | PA      | $1429450.63   | 0.09%             | 2037-04-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZT0371 4.5% 05/01/48     | FREDDIE MAC POOL UMBS P#ZT0371 4.50000000                                                         | CUSIP: 3132ACMU1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    259753 | PA      | $248207.37    | 0.02%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WSTOP 2020-1A 2.841% 12/05/27   | WINGSTOP FUNDING LLC SER 2020-1A CL A2 REGD 144A P/P 2.84100000                                   | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    985000 | PA      | $929530.41    | 0.06%             | 2050-12-05      | Fixed         | 2.84%                 | Yes           |                  2 | On Loan: No      |
| ANYWHERE RE GRP 5.25% 04/15/30  | ANYWHERE RE GRP/REALOGY REGD 144A P/P 5.25000000                                                  | CUSIP: 75606DAQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $15533.31     | 0.00%             | 2030-04-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GNR 2022-64 IO 2.5% 02/20/50    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-64 CL IO 2.50000000                             | CUSIP: 38383PU41<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7415376 | PA      | $793588.36    | 0.05%             | 2050-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#BF0168 3.5% 02/01/57     | FANNIE MAE POOL UMBS P#BF0168 3.50000000                                                          | CUSIP: 3140FXFJ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    175342 | PA      | $155083.01    | 0.01%             | 2057-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA5985 3.5% 06/20/49  | GINNIE MAE II POOL P#MA5985 3.50000000                                                            | CUSIP: 36179UUJ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    201667 | PA      | $180114.52    | 0.01%             | 2049-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTR 8.875% 08/15/31  | NABORS INDUSTRIES INC REGD 144A P/P 8.87500000                                                    | CUSIP: 62957HAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $17108.65     | 0.00%             | 2031-08-15      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MSC 2019-L3 XA V/R 11/15/29     | MORGAN STANLEY CAPITAL I TRUST 2019-L3 SER 2019-L3 CL XA V/R REGD 0.60479300                      | CUSIP: 61691UBF5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20541000 | PA      | $472391.64    | 0.03%             | 2052-11-15      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| T/L CLEARWATER ANA 0% 02/07/32  | T/L CLEARWATER ANALYTICS LLC   REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     15000 | PA      | $15000.00     | 0.00%             | 2032-02-07      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTIC 5.25% 06/05/34  | VERISK ANALYTICS INC REGD 5.25000000                                                              | CUSIP: 92345YAJ5<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    154000 | PA      | $154602.69    | 0.01%             | 2034-06-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FIRST INDUSTRIA 5.25% 01/15/31  | FIRST INDUSTRIAL LP REGD 5.25000000                                                               | CUSIP: 32055RAS6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    207000 | PA      | $207225.44    | 0.01%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS0043 3% 05/01/51       | FANNIE MAE POOL UMBS P#FS0043 3.00000000                                                          | CUSIP: 3140XFBM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    366954 | PA      | $320610.48    | 0.02%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE V/R 05/22/29   | SOCIETE GENERALE REGD V/R 144A P/P MTN 5.24900000                                                 | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    360000 | PA      | $361627.20    | 0.02%             | 2029-05-22      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| EXPEDIA GROUP IN 3.8% 02/15/28  | EXPEDIA GROUP INC REGD SER WI 3.80000000                                                          | CUSIP: 30212PAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    343000 | PA      | $335925.81    | 0.02%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC 5.2% 05/15/30    | PSEG POWER LLC REGD 144A P/P 5.20000000                                                           | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113000 | PA      | $114083.84    | 0.01%             | 2030-05-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA3988 2.5% 11/01/50     | FREDDIE MAC POOL UMBS P#RA3988 2.50000000                                                         | CUSIP: 3133KKND7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    520004 | PA      | $428526.97    | 0.03%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB0414 2.5% 05/01/51     | FANNIE MAE POOL UMBS P#CB0414 2.50000000                                                          | CUSIP: 3140QKN87<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    426733 | PA      | $351364.53    | 0.02%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L HUSKY INJECT 0% 02/15/29    | T/L HUSKY INJECTION MOLDING    SYSTEMS LTDREGD 0.00000000                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     79184 | PA      | $78849.70     | 0.01%             | 2029-02-15      | Variable      | 8.78%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUN 8.5% 07/31/31  | UNIVISION COMMUNICATIONS REGD 144A P/P 8.50000000                                                 | CUSIP: 914906AZ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24004.05     | 0.00%             | 2031-07-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| EXTNT 2024-1A  6.15% 07/25/29   | EXTENET ISSUER LLC SER 2024-1A CL B REGD 144A P/P 6.15000000                                      | CUSIP: 30227XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $503351.65    | 0.03%             | 2054-07-25      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD7525 2.5% 10/01/50     | FREDDIE MAC POOL UMBS P#SD7525 2.50000000                                                         | CUSIP: 3132DVLE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     65058 | PA      | $54203.42     | 0.00%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV V/R /PERP/      | CEMEX SAB DE CV REGD V/R /PERP/ REG S 5.12500000                                                  | CUSIP: P2253TJS9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $197848.82    | 0.01%             | 2173-09-08      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BUFFALO ENERGY 7.875% 02/15/39  | BUFFALO ENERGY MX HLDGS REGD 144A P/P 7.87500000                                                  | CUSIP: 11952AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $200986.60    | 0.01%             | 2039-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| AGILENT TECHNOL 4.75% 09/09/34  | AGILENT TECHNOLOGIES INC REGD 4.75000000                                                          | CUSIP: 00846UAR2<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    165000 | PA      | $159208.52    | 0.01%             | 2034-09-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4256 2.5% 02/01/51     | FANNIE MAE POOL UMBS P#MA4256 2.50000000                                                          | CUSIP: 31418DWS7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    457346 | PA      | $375727.99    | 0.02%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OBX 2021-NQM3 A1 V/R 07/25/61   | OBX 2021-NQM3 TRUST SER 2021-NQM3 CL A1 V/R REGD 144A P/P 1.05400000                              | CUSIP: 67114JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    490777 | PA      | $396866.67    | 0.03%             | 2061-07-25      | Variable      | 1.05%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA3211 4% 12/01/47       | FANNIE MAE POOL UMBS P#MA3211 4.00000000                                                          | CUSIP: 31418CR97<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     48338 | PA      | $45219.38     | 0.00%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTI 5.5% 12/15/27  | SERVICE PROPERTIES TRUST REGD 5.50000000                                                          | CUSIP: 81761LAB8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24125.00     | 0.00%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STAR 2021-3 A1 V/R 06/25/56     | STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-3 SER 2021-3 CL A1 V/R REGD 144A P/P 1.12700000          | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    559321 | PA      | $471135.52    | 0.03%             | 2056-06-25      | Variable      | 1.13%                 | Yes           |                  2 | On Loan: No      |
| MARS INC 5.2% 03/01/35          | MARS INC REGD 144A P/P 5.20000000                                                                 | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2540434.84   | 0.16%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| SNVA 2021-A A 1.8% 02/21/28     | SUNNOVA HELIOS V ISSUER LLC SER 2021-A CL A REGD 144A P/P 1.80000000                              | CUSIP: 86746EAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    361908 | PA      | $275291.78    | 0.02%             | 2048-02-20      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| PUGET ENERGY INC 4.1% 06/15/30  | PUGET ENERGY INC REGD 4.10000000                                                                  | CUSIP: 745310AK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $71420.75     | 0.00%             | 2030-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ADANIREN KODSO 4.625% 10/15/39  | ADANIREN KODSOPAR WARSOM REGD REG S EMTN 4.62500000                                               | CUSIP: Y0R1LYAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    167000 | PA      | $133205.30    | 0.01%             | 2039-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & 5.05% 08/15/34  | VIRGINIA ELEC & POWER CO REGD 5.05000000                                                          | CUSIP: 927804GR9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $142479.82    | 0.01%             | 2034-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC 5.35% 04/15/32      | PAYCHEX INC REGD 5.35000000                                                                       | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    313000 | PA      | $317646.86    | 0.02%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-B33 3.052% 10/10/31   | CSMC 2021-B33 SER 2021-B33 CL A1 REGD 144A P/P 3.05250000                                         | CUSIP: 12658WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    169380 | PA      | $159996.65    | 0.01%             | 2043-10-10      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| LIONS GATE CAPIT 5.5% 04/15/29  | LIONS GATE CAPITAL HOLD REGD 144A P/P 5.50000000                                                  | CUSIP: 53627NAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $16160.40     | 0.00%             | 2029-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FORDL 2023-B B 6.2% 03/15/26    | FORD CREDIT AUTO LEASE TRUST 2023-B SER 2023-B CL B REGD 6.20000000                               | CUSIP: 34529NAF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5640000 | PA      | $5690544.55   | 0.36%             | 2027-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| INTEL CORP 3.734% 12/08/47      | INTEL CORP REGD SER WI 3.73400000                                                                 | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    405000 | PA      | $275238.36    | 0.02%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP 7.875% 06/15/32    | NAVIENT CORP REGD 7.87500000                                                                      | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30255.82     | 0.00%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLD 3.375% 11/01/28  | ANGLOGOLD HOLDINGS PLC REGD 3.37500000                                                            | CUSIP: 03512TAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    200000 | PA      | $189120.54    | 0.01%             | 2028-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY I 5.6% 03/15/34  | COTERRA ENERGY INC REGD 5.60000000                                                                | CUSIP: 127097AL7<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |     69000 | PA      | $68420.91     | 0.00%             | 2034-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BMO 2024-5C7 AS V/R 11/15/29    | BMO 2024-5C7 MORTGAGE TRUST SER 2024-5C7 CL AS V/R REGD 5.88760000                                | CUSIP: 09660WAX9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    232000 | PA      | $238702.57    | 0.02%             | 2057-11-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC 6.875% 08/15/32      | ARCOSA INC REGD 144A P/P 6.87500000                                                               | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41019.56     | 0.00%             | 2032-08-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FHR 5201 PA 2.5% 03/25/52       | FREDDIE MAC REMICS SER 5201 CL PA 2.50000000                                                      | CUSIP: 3137H6KN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    480967 | PA      | $425745.28    | 0.03%             | 2052-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE 2.565% 02/15/30  | OTIS WORLDWIDE CORP REGD SER WI 2.56500000                                                        | CUSIP: 68902VAK3<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |    665000 | PA      | $606468.08    | 0.04%             | 2030-02-15      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| T/L GRAY TELEVISI 0% 12/01/28   | T/L GRAY TELEVISION INC. REGD 0.00000000                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     13661 | PA      | $13147.10     | 0.00%             | 2028-12-01      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| ACURIS FIN US/ACUR 5% 05/01/28  | ACURIS FIN US/ACURIS FIN REGD 144A P/P 5.00000000                                                 | CUSIP: 00511BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $190327.32    | 0.01%             | 2028-05-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BXP 2017-GM B V/R 06/13/27      | BXP TRUST 2017-GM SER 2017-GM CL B V/R REGD 144A P/P 3.42480000                                   | CUSIP: 056083AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    182000 | PA      | $174126.41    | 0.01%             | 2039-06-13      | Variable      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| TRANSCONT GAS P 3.25% 05/15/30  | TRANSCONT GAS PIPE LINE REGD SER WI 3.25000000                                                    | CUSIP: 893574AP8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $144426.16    | 0.01%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PRK 2017-280P A V/R 09/15/19    | 280 PARK AVENUE 2017-280P MORTGAGE TRUST SER 2017-280P CL A V/R REGD 144A P/P 5.51800000          | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    220000 | PA      | $217387.50    | 0.01%             | 2034-09-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| SUNRN 2021-2A  2.27% 01/30/29   | SUNRUN DEMETER ISSUER 2021-2 LLC SER 2021-2A CL A REGD 144A P/P 2.27000000                        | CUSIP: 86772HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1635060 | PA      | $1420619.15   | 0.09%             | 2057-01-30      | Fixed         | 2.27%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA6092 4.5% 08/20/49  | GINNIE MAE II POOL P#MA6092 4.50000000                                                            | CUSIP: 36179UXV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    184957 | PA      | $175963.36    | 0.01%             | 2049-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPEL 5.681% 01/15/34  | COLUMBIA PIPELINE HOLDCO REGD 144A P/P 5.68100000                                                 | CUSIP: 19828AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $118663.08    | 0.01%             | 2034-01-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC 6.25% 02/01/29        | IQVIA INC REGD SER WI 6.25000000                                                                  | CUSIP: 46266TAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     97000 | PA      | $100500.34    | 0.01%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA7051 2% 12/20/50    | GINNIE MAE II POOL P#MA7051 2.00000000                                                            | CUSIP: 36179VZQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1303802 | PA      | $1047639.36   | 0.07%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL ED 4.65% 10/01/43  | SOUTHERN CAL EDISON REGD 4.65000000                                                               | CUSIP: 842400FZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $103118.09    | 0.01%             | 2043-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERV 8.25% 10/01/31  | WINDSTREAM SERVICES/ESCR REGD 144A P/P 8.25000000                                                 | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67648.49     | 0.00%             | 2031-10-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GRO 5.3% 02/15/30  | UNITEDHEALTH GROUP INC REGD 5.30000000                                                            | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35839.80     | 0.00%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NAVSL 2021-EA  0.97% 12/15/28   | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-E SER 2021-EA CL A REGD 144A P/P 0.97000000        | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    298579 | PA      | $265609.92    | 0.02%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FIN SV 4.25% 02/15/29  | PENNYMAC FIN SVCS INC REGD 144A P/P 4.25000000                                                    | CUSIP: 70932MAB3<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42718.82     | 0.00%             | 2029-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SWF HOLDINGS I C 6.5% 10/01/29  | SWF HOLDINGS I CORP REGD 144A P/P 6.50000000                                                      | CUSIP: 78500AAA6<br>LEI: 5493000CMZKPQ7BKPB20 | Long             | DBT              | CORP              | US        |     20000 | PA      | $7802.55      | 0.00%             | 2029-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| WEN 2022-1A A 4.236% 03/15/29   | WENDY'S FUNDING LLC SER 2022-1A CL A2I REGD 144A P/P 4.23600000                                   | CUSIP: 95058XAM0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    943325 | PA      | $917145.66    | 0.06%             | 2052-03-15      | Fixed         | 4.24%                 | Yes           |                  2 | On Loan: No      |
| GOVT OF BERMUD 2.375% 08/20/30  | GOVT OF BERMUDA REGD REG S 2.37500000                                                             | CUSIP: G10367AE3<br>LEI: N/A                  | Long             | DBT              | USGA              | BM        |    890000 | PA      | $774745.00    | 0.05%             | 2030-08-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA0318 3.5% 08/20/42  | GINNIE MAE II POOL P#MA0318 3.50000000                                                            | CUSIP: 36179MK74<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     98987 | PA      | $90714.74     | 0.01%             | 2042-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS I 5.75% 03/15/35  | FLOWERS FOODS INC REGD 5.75000000                                                                 | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    154000 | PA      | $155275.71    | 0.01%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD1090 2% 04/01/52       | FREDDIE MAC POOL UMBS P#SD1090 2.00000000                                                         | CUSIP: 3132DNF73<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    682750 | PA      | $538725.02    | 0.03%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INC 3.9% 03/15/39        | PFIZER INC REGD 3.90000000                                                                        | CUSIP: 717081EU3<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    130000 | PA      | $110361.47    | 0.01%             | 2039-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS V/R 11/19/35        | BNP PARIBAS REGD V/R 144A P/P 5.90600000                                                          | CUSIP: 09659T2D2<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    375000 | PA      | $372844.16    | 0.02%             | 2035-11-19      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| MCGRAW-HILL ED 7.375% 09/01/31  | MCGRAW-HILL EDUCATION REGD 144A P/P 7.37500000                                                    | CUSIP: 58064LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20578.32     | 0.00%             | 2031-09-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC V/R 11/03/32      | CITIGROUP INC REGD V/R 2.52000000                                                                 | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6930000 | PA      | $5963312.96   | 0.38%             | 2032-11-03      | Variable      | 2.52%                 | No            |                  2 | On Loan: No      |
| T/L PERATON CORP 0% 02/01/2028  | T/L PERATON CORP REGD 0.00000000                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     21807 | PA      | $18855.49     | 0.00%             | 2028-02-01      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLD 6.5% 04/15/30  | CELANESE US HOLDINGS LLC REGD 6.50000000                                                          | CUSIP: 15089QAZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45355.64     | 0.00%             | 2030-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMA 4.65% 07/15/30  | NORTHROP GRUMMAN CORP REGD 4.65000000                                                             | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150449.68    | 0.01%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPEL 6.042% 08/15/28  | COLUMBIA PIPELINE HOLDCO REGD 144A P/P 6.04200000                                                 | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $278261.51    | 0.02%             | 2028-08-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| FNR 2023-36 IO 2.5% 10/25/52    | FANNIE MAE REMICS SER 2023-36 CL IO 2.50000000                                                    | CUSIP: 3136BQDR7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8203944 | PA      | $1290462.41   | 0.08%             | 2052-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHS 389 C35 2% 06/15/52         | FREDDIE MAC STRIPS SER 389 CL C35 2.00000000                                                      | CUSIP: 31325YRN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1153654 | PA      | $151200.09    | 0.01%             | 2052-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATI 5.45% 09/01/34  | COX COMMUNICATIONS INC REGD 144A P/P 5.45000000                                                   | CUSIP: 224044CU9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $77840.79     | 0.00%             | 2034-09-01      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF CO 4.125% 05/15/51  | REPUBLIC OF COLOMBIA REGD 4.12500000                                                              | CUSIP: 195325DT9<br>LEI: N/A                  | Long             | DBT              | USGA              | CO        |    200000 | PA      | $111480.00    | 0.01%             | 2051-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 4.625% 02/15/55    | UNITED STATES TREASURY BOND 4.62500000                                                            | CUSIP: 912810UG1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6190000 | PA      | $5903712.50   | 0.38%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BABSN 2024-1A B V/R 01/20/37    | BARINGS CLO LTD 2024-I SER 2024-1A CL B V/R REGD 144A P/P 6.36947000                              | CUSIP: 06763VAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    835000 | PA      | $838093.17    | 0.05%             | 2037-01-20      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| VOLT 2021-NP11 A V/R 07/25/24   | VOLT CII LLC SER 2021-NP11 CL A1 V/R REGD 144A P/P 4.86780000                                     | CUSIP: 92873HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    388184 | PA      | $387058.13    | 0.02%             | 2051-08-25      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| WFCM 2024-C63 XA V/R 08/15/57   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2024-C63 SER 2024-C63 CL XA V/R REGD 1.00372600             | CUSIP: 94990FAF8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4339304 | PA      | $319202.23    | 0.02%             | 2057-08-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| FGLMC P#G08793 4% 12/01/47      | FREDDIE MAC GOLD POOL P#G08793 4.00000000                                                         | CUSIP: 3128MJ3B4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     40876 | PA      | $38190.80     | 0.00%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENER 5.9% 04/18/64  | DIAMONDBACK ENERGY INC REGD 5.90000000                                                            | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     75000 | PA      | $67113.27     | 0.00%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA2898 2.5% 06/01/50     | FREDDIE MAC POOL UMBS P#RA2898 2.50000000                                                         | CUSIP: 3133KJGF3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    298209 | PA      | $247061.19    | 0.02%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELE 5.3% 04/01/33  | SOUTHWESTERN ELEC POWER REGD 5.30000000                                                           | CUSIP: 845437BU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $138438.09    | 0.01%             | 2033-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC V/R 11/30/54       | NISOURCE INC REGD V/R 6.95000000                                                                  | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77765.56     | 0.00%             | 2054-11-30      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| T/L QUIKRETE HOL 0% 02/10/32    | T/L QUIKRETE HOLDINGS INC      REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     80000 | PA      | $79600.00     | 0.01%             | 2032-02-10      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| T/L WATERBRIDGE MI 0% 12/31/49  | T/L WATERBRIDGE MIDSTREAM      OPERATING LLC REGD TERM LOAN 0.00000000                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     29850 | PA      | $28656.00     | 0.00%             | 2049-12-31      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER  5.7% 04/01/35  | ENERGY TRANSFER LP REGD 5.70000000                                                                | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    315000 | PA      | $314153.24    | 0.02%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP 3% 10/15/30        | CENTENE CORP REGD 3.00000000                                                                      | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    340000 | PA      | $299089.87    | 0.02%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SCRT 2019-1 MA 3.5% 07/25/58    | FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-1 SER 2019-1 CL MA 3.50000000         | CUSIP: 35563PJF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    258192 | PA      | $247083.63    | 0.02%             | 2058-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA2073 3.5% 07/20/44  | GINNIE MAE II POOL P#MA2073 3.50000000                                                            | CUSIP: 36179QJS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     13311 | PA      | $12146.06     | 0.00%             | 2044-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T/L ZELIS PAYMENTS 0% 11/26/31  | T/L ZELIS PAYMENTS BUYER INC   REGD 0.00000000                                                    | CUSIP: 98932TAH6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     84788 | PA      | $84535.68     | 0.01%             | 2031-11-26      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC 5.15% 04/01/35     | SYNOPSYS INC REGD 5.15000000                                                                      | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127502.88    | 0.01%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD 4.875% 07/01/29  | CLARIV SCI HLD CORP REGD 144A P/P 4.87500000                                                      | CUSIP: 18064PAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $50871.00     | 0.00%             | 2029-07-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| T/L FLUTTER ENT 0.00% 05/22/32  | T/L FLUTTER ENTERTAINMENT      PUBLIC LIMITED COMPANY 0.00000000                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | IE        |     15000 | PA      | $14943.75     | 0.00%             | 2032-05-22      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UPSPT 2021-ST4 A 2% 07/20/27    | UPSTART PASS-THROUGH TRUST SERIES 2021-ST4 SER 2021-ST4 CL A REGD 144A P/P 2.00000000             | CUSIP: 91534HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     68513 | PA      | $67869.32     | 0.00%             | 2027-07-20      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| DC 2024-HLTN A V/R 04/13/28     | DC TRUST 2024-HLTN SER 2024-HLTN CL A V/R REGD 144A P/P 5.93346800                                | CUSIP: 24022FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $301956.21    | 0.02%             | 2040-04-13      | Variable      | 5.93%                 | Yes           |                  2 | On Loan: No      |
| SMITH & NEPHEW 2.032% 10/14/30  | SMITH & NEPHEW PLC REGD 2.03200000                                                                | CUSIP: 83192PAA6<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $238606.66    | 0.02%             | 2030-10-14      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| WELF 2019-1A CR V/R 07/20/32    | WELLFLEET CLO 2019-1 LTD SER 2019-1A CL CR V/R REGD 144A P/P 8.08108000                           | CUSIP: 94950NAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $496702.80    | 0.03%             | 2032-07-20      | Variable      | 8.08%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM4969 2% 12/01/50       | FANNIE MAE POOL UMBS P#FM4969 2.00000000                                                          | CUSIP: 3140X8QX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    279166 | PA      | $220371.22    | 0.01%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK39  V/R 09/15/31   | BANK 2022-BNK39 SER 2022-BNK39 CL XA V/R REGD 0.41658700                                          | CUSIP: 06539VAP3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6410431 | PA      | $150273.95    | 0.01%             | 2055-02-15      | Variable      | 0.42%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON V/R 03/14/35  | BANK OF NY MELLON CORP REGD V/R MTN 5.18800000                                                    | CUSIP: 06406RBW6<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149904.19    | 0.01%             | 2035-03-14      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAIN 4.125% 07/01/29  | PENN ENTERTAINMENT INC REGD 144A P/P 4.12500000                                                   | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $49125.59     | 0.00%             | 2029-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| GEORGIA POWER C 4.55% 03/15/30  | GEORGIA POWER CO REGD 4.55000000                                                                  | CUSIP: 373334KY6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    365000 | PA      | $365663.99    | 0.02%             | 2030-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FGLMC P#G08747 3% 02/01/47      | FREDDIE MAC GOLD POOL P#G08747 3.00000000                                                         | CUSIP: 3128MJZM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    209805 | PA      | $183173.98    | 0.01%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-RPL3 A V/R 01/25/60   | CSMC 2021-RPL3 TRUST SER 2021-RPL3 CL A1 V/R REGD 144A P/P 2.00000000                             | CUSIP: 12661GAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2525502 | PA      | $2209329.33   | 0.14%             | 2060-01-25      | Variable      | 2.00%                 | Yes           |                  2 | On Loan: No      |
| COMM 2024-CBM A2 V/R 12/10/29   | COMM 2024-CBM MORTGAGE TRUST SER 2024-CBM CL A2 V/R REGD 144A P/P 5.86700000                      | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    255000 | PA      | $257671.00    | 0.02%             | 2041-12-10      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BM3415 2.5% 02/01/47     | FANNIE MAE POOL UMBS P#BM3415 2.50000000                                                          | CUSIP: 3140J7YM1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5404234 | PA      | $4539761.86   | 0.29%             | 2047-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA8201 4.5% 08/20/52  | GINNIE MAE II POOL P#MA8201 4.50000000                                                            | CUSIP: 36179XDE3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    262631 | PA      | $249369.10    | 0.02%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8098 2% 10/01/50       | FREDDIE MAC POOL UMBS P#SD8098 2.00000000                                                         | CUSIP: 3132DV7K5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    453419 | PA      | $355738.87    | 0.02%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC 5.05% 01/15/31       | BIOGEN INC REGD 5.05000000                                                                        | CUSIP: 09062XAN3<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    315000 | PA      | $316582.43    | 0.02%             | 2031-01-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| T/L EG FINCO 0% 02/07/2028/     | T/L EG FINCO LIMITED REGD 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     56479 | PA      | $56602.80     | 0.00%             | 2028-02-07      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| ONEOK INC 6.05% 09/01/33        | ONEOK INC REGD 6.05000000                                                                         | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133382.85    | 0.01%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC  5.35% 04/01/35  | ONCOR ELECTRIC DELIVERY REGD 144A P/P 5.35000000                                                  | CUSIP: 68233JCZ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $295512.01    | 0.02%             | 2035-04-01      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| MONONGAHELA POW 5.85% 02/15/34  | MONONGAHELA POWER CO REGD 144A P/P 5.85000000                                                     | CUSIP: 609935AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30710.19     | 0.00%             | 2034-02-15      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| VDCR 2024-1A  4.992% 09/17/29   | RETAINED VANTAGE DATA CENTERS ISSUER LLC SER 2024-1A CL A2 REGD 144A P/P 4.99200000               | CUSIP: 76134KAH7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    560000 | PA      | $550079.71    | 0.04%             | 2049-09-15      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| ENERGUATE TRUS 5.875% 05/03/27  | ENERGUATE TRUST REGD REG S 5.87500000                                                             | CUSIP: G3040LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | GT        |    200000 | PA      | $197750.00    | 0.01%             | 2027-05-03      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UBSCM 2017-C1 XA V/R 06/15/50   | UBS COMMERCIAL MORTGAGE TRUST 2017-C1 SER 2017-C1 CL XA V/R REGD 1.46930500                       | CUSIP: 90276EAF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3683807 | PA      | $75625.25     | 0.00%             | 2050-06-15      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / 4.5% 09/15/26  | RADIATE HOLDCO / FINANCE REGD 144A P/P 4.50000000                                                 | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $17151.80     | 0.00%             | 2026-09-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL IN V/R 01/17/31  | ALLY FINANCIAL INC REGD V/R 5.54300000                                                            | CUSIP: 02005NBW9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     78000 | PA      | $77851.11     | 0.00%             | 2031-01-17      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM4865 2.5% 11/01/50     | FANNIE MAE POOL UMBS P#FM4865 2.50000000                                                          | CUSIP: 3140X8MP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8973428 | PA      | $7360779.29   | 0.47%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHR 5068 UZ 2.5% 01/25/51       | FREDDIE MAC REMICS SER 5068 CL UZ 2.50000000                                                      | CUSIP: 3137F8QK2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9963906 | PA      | $6064795.31   | 0.39%             | 2051-01-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB4135 5% 07/01/52       | FANNIE MAE POOL UMBS P#CB4135 5.00000000                                                          | CUSIP: 3140QPSZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    545680 | PA      | $530277.87    | 0.03%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CNH 2024-C A2A 4.3% 07/15/26    | CNH EQUIPMENT TRUST 2024-C SER 2024-C CL A2A REGD 4.30000000                                      | CUSIP: 18978GAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2675836 | PA      | $2671340.33   | 0.17%             | 2028-02-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ACU PETROLEO LUX 7.5% 01/13/32  | ACU PETROLEO LUXEMBOURG REGD REG S 7.50000000                                                     | CUSIP: L0R80QAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    230661 | PA      | $231958.20    | 0.01%             | 2032-01-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC 6% 11/15/31       | LIFE TIME INC REGD 144A P/P 6.00000000                                                            | CUSIP: 53190FAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105234.57    | 0.01%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| GNR 2021-215 KA 2.5% 10/20/49   | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-215 CL KA 2.50000000                            | CUSIP: 38383DY69<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    741385 | PA      | $653559.41    | 0.04%             | 2049-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#BF0352 3% 04/01/53       | FANNIE MAE POOL UMBS P#BF0352 3.00000000                                                          | CUSIP: 3140FXMA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3579402 | PA      | $3077108.74   | 0.20%             | 2053-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUNGARY 5.5% 03/26/36           | HUNGARY REGD 144A P/P 5.50000000                                                                  | CUSIP: 445545AU0<br>LEI: N/A                  | Long             | DBT              | USGA              | HU        |    635000 | PA      | $601027.50    | 0.04%             | 2036-03-26      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA6930 2% 10/20/50    | GINNIE MAE II POOL P#MA6930 2.00000000                                                            | CUSIP: 36179VVX5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    585236 | PA      | $470252.74    | 0.03%             | 2050-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFIN 6.4% 03/26/29  | MACQUARIE AIRFINANCE HLD REGD 144A P/P 6.40000000                                                 | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     71000 | PA      | $73411.30     | 0.00%             | 2029-03-26      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| JPMCC 2020-LOOP  V/R 12/05/26   | JP MORGAN CHASE COMMERCIAL MORTGAGE SE SER 2020-LOOP CL E V/R REGD 144A P/P 3.86147000            | CUSIP: 46651WAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    805000 | PA      | $123158.16    | 0.01%             | 2038-12-05      | Variable      | 3.86%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2021-NQM2 A V/R 02/25/66   | CSMC 2021-NQM2 SER 2021-NQM2 CL A1 V/R REGD 144A P/P 1.17900000                                   | CUSIP: 12662EAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    554981 | PA      | $495983.68    | 0.03%             | 2066-02-25      | Variable      | 1.18%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 07/23/30  | GOLDMAN SACHS GROUP INC REGD V/R 5.04900000                                                       | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    770000 | PA      | $776577.81    | 0.05%             | 2030-07-23      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF  5.75% 06/01/53  | SOUTHERN CALIF GAS CO REGD 5.75000000                                                             | CUSIP: 842434CY6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5855000 | PA      | $5570200.09   | 0.36%             | 2053-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                             | IRS RSOFRP03.59 09/20/53 CHASUS33 FLOAT                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $101290.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FHMS K-164 X1 V/R 05/25/34      | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K-164 CL X1 V/R 0.46990900            | CUSIP: 3137HDUX6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2994523 | PA      | $73534.09     | 0.00%             | 2034-05-25      | Variable      | 0.47%                 | No            |                  2 | On Loan: No      |
| SGR 2021-2 B1 V/R 12/25/61      | SG RESIDENTIAL MORTGAGE TRUST 2021-2 SER 2021-2 CL B1 V/R REGD 144A P/P 4.03800000                | CUSIP: 78432YAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5238000 | PA      | $3906417.64   | 0.25%             | 2061-12-25      | Variable      | 4.04%                 | Yes           |                  2 | On Loan: No      |
| PUGET ENERGY I 5.725% 03/15/35  | PUGET ENERGY INC REGD 144A P/P 5.72500000                                                         | CUSIP: 745310AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    745000 | PA      | $737634.46    | 0.05%             | 2035-03-15      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BR4393 2% 03/01/51       | FANNIE MAE POOL UMBS P#BR4393 2.00000000                                                          | CUSIP: 3140L23B7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    875404 | PA      | $682375.78    | 0.04%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BPR 2024-PMDW A V/R 11/05/29    | BPR TRUST 2024-PMDW SER 2024-PMDW CL A V/R REGD 144A P/P 5.35800000                               | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    620000 | PA      | $625391.52    | 0.04%             | 2041-11-05      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| MSC 2016-UB11 XA V/R 08/15/26   | MORGAN STANLEY CAPITAL I TRUST 2016-UBS11 SER 2016-UB11 CL XA V/R REGD 1.42942100                 | CUSIP: 61767FBB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13142407 | PA      | $145970.08    | 0.01%             | 2049-08-15      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELIN 5.7% 09/30/31  | WHISTLER PIPELINE LLC REGD 144A P/P 5.70000000                                                    | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    186000 | PA      | $186864.20    | 0.01%             | 2031-09-30      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FP0036 2.5% 02/01/51     | FANNIE MAE POOL UMBS P#FP0036 2.50000000                                                          | CUSIP: 3140XTBE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    519079 | PA      | $426443.64    | 0.03%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAE 5.375% 02/19/30  | STATE OF ISRAEL REGD SER 5Y 5.37500000                                                            | CUSIP: 46514Y8A8<br>LEI: N/A                  | Long             | DBT              | USGA              | IL        |    515000 | PA      | $518862.50    | 0.03%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS S 4.11% 07/15/31  | MASSACHUSETTS ST SPL OBLG REVE REGD N/C B/E 4.11000000                                            | CUSIP: 576004HG3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    239638 | PA      | $236735.21    | 0.02%             | 2031-07-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM5 A V/R 06/25/25   | CSMC 2021-NQM5 TRUST SER 2021-NQM5 CL A1 V/R REGD 144A P/P 0.93800000                             | CUSIP: 22946DAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    411820 | PA      | $346115.48    | 0.02%             | 2066-05-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| WORKDAY INC 3.8% 04/01/32       | WORKDAY INC REGD 3.80000000                                                                       | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |     79000 | PA      | $73282.64     | 0.00%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES  5.638% 04/05/64  | TOTALENERGIES CAPITAL SA REGD 5.63800000                                                          | CUSIP: 89157XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    440000 | PA      | $411179.32    | 0.03%             | 2064-04-05      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| T/L SAVOR ACQUI 0.00% 02/04/32  | T/L SAVOR ACQUISITION INC      FIRST LIEN TERM LOAN B 0% 0.00000000                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     63966 | PA      | $64025.65     | 0.00%             | 2032-02-04      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| ACADEMY LTD 6% 11/15/27         | ACADEMY LTD REGD 144A P/P 6.00000000                                                              | CUSIP: 00401YAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $90210.78     | 0.01%             | 2027-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| WALKER & DUNLO 6.625% 04/01/33  | WALKER & DUNLOP INC REGD 144A P/P 6.62500000                                                      | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60755.29     | 0.00%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 04/23/31  | GOLDMAN SACHS GROUP INC REGD V/R 5.21800000                                                       | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    360000 | PA      | $365247.00    | 0.02%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC 5.8% 06/15/31  | BERRY GLOBAL INC REGD 5.80000000                                                                  | CUSIP: 08576BAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141000 | PA      | $146362.95    | 0.01%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELI 5.95% 09/30/34  | WHISTLER PIPELINE LLC REGD 144A P/P 5.95000000                                                    | CUSIP: 96337RAC6<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114439.98    | 0.01%             | 2034-09-30      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| DBJPM 2017-C6 XB V/R 06/10/27   | DBJPM 2017-C6 MORTGAGE TRUST SER 2017-C6 CL XB V/R REGD 0.24089800                                | CUSIP: 23312JAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21195000 | PA      | $128405.67    | 0.01%             | 2050-06-10      | Variable      | 0.24%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH IN 5% 11/15/29  | CARDINAL HEALTH INC REGD 5.00000000                                                               | CUSIP: 14149YBR8<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    520000 | PA      | $525890.86    | 0.03%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL 4.7% 11/15/29  | CATERPILLAR FINL SERVICE REGD 4.70000000                                                          | CUSIP: 14913UAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $476280.65    | 0.03%             | 2029-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LL 5.875% 08/15/27  | DIRECTV FIN LLC/COINC REGD 144A P/P 5.87500000                                                    | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $93509.32     | 0.01%             | 2027-08-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| T/L EMRLD BORROWER 0% 08/04/31  | T/L EMRLD BORROWER LP REGD 0.00000000                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     24875 | PA      | $24735.20     | 0.00%             | 2031-08-04      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| FHMS K118 X1 V/R 09/25/30       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K118 CL X1 V/R 1.04491600             | CUSIP: 3137F62P1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2052144 | PA      | $83736.52     | 0.01%             | 2030-09-25      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER 5.95% 10/01/43  | ENERGY TRANSFER LP REGD 5.95000000                                                                | CUSIP: 29273RAZ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1683000 | PA      | $1570010.65   | 0.10%             | 2043-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 04/24/34  | WELLS FARGO & COMPANY REGD V/R 5.38900000                                                         | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5870000 | PA      | $5895092.08   | 0.38%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIA 5% 03/27/30  | EQUITABLE FINANCIAL LIFE REGD 144A P/P 5.00000000                                                 | CUSIP: 29449WAT4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251529.04    | 0.02%             | 2030-03-27      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| USRE 2021-1 A1 1.91% 10/20/26   | NEW ECONOMY ASSETS - PHASE 1 SPONSOR LLC SER 2021-1 CL A1 REGD 144A P/P 1.91000000                | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    550000 | PA      | $516157.62    | 0.03%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON F 5.125% 02/21/32  | BHP BILLITON FIN USA LTD REGD 5.12500000                                                          | CUSIP: 055451BK3<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    110000 | PA      | $111225.81    | 0.01%             | 2032-02-21      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UMBS P#BX2554 5% 11/01/52       | FANNIE MAE POOL UMBS P#BX2554 5.00000000                                                          | CUSIP: 3140N6ZU9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     21173 | PA      | $20575.22     | 0.00%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC 6% 02/15/28  | PBF HOLDING CO LLC REGD SER WI 6.00000000                                                         | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $23212.27     | 0.00%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CGCMT 2016-P4 B V/R 06/10/26    | CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P4 SER 2016-P4 CL B V/R REGD 3.37700000                  | CUSIP: 29429EAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $370540.68    | 0.02%             | 2049-07-10      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4656 4.5% 07/01/52     | FANNIE MAE POOL UMBS P#MA4656 4.50000000                                                          | CUSIP: 31418EE63<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3496667 | PA      | $3304757.89   | 0.21%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAY 9.875% 09/20/31  | JETBLUE AIRWAYS/LOYALTY REGD 144A P/P 9.87500000                                                  | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39566.63     | 0.00%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| AOMT 2022-1 A1 V/R 01/25/26     | ANGEL OAK MORTGAGE TRUST 2022-1 SER 2022-1 CL A1 V/R REGD 144A P/P 2.88100000                     | CUSIP: 03464BAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1165747 | PA      | $1068548.27   | 0.07%             | 2066-12-25      | Variable      | 2.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BV4196 3% 04/01/52       | FANNIE MAE POOL UMBS P#BV4196 3.00000000                                                          | CUSIP: 3140MHUW7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    293351 | PA      | $251995.25    | 0.02%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNS 429 C3 2.5% 09/25/52        | FANNIE MAE INTEREST STRIP SER 429 CL C3 2.50000000                                                | CUSIP: 31423YVK2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    890490 | PA      | $140255.13    | 0.01%             | 2052-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH  4.9% 09/15/45  | CARDINAL HEALTH INC REGD 4.90000000                                                               | CUSIP: 14149YBD9<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    340000 | PA      | $290534.36    | 0.02%             | 2045-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERI 5.9% 03/01/33  | JACOBS ENGINEERING GROUP REGD 5.90000000                                                          | CUSIP: 469814AA5<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |    271000 | PA      | $278052.04    | 0.02%             | 2033-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS1108 2.5% 09/01/51     | FANNIE MAE POOL UMBS P#FS1108 2.50000000                                                          | CUSIP: 3140XGGS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    240545 | PA      | $197807.71    | 0.01%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST 7.3% 10/01/39     | CALIFORNIA ST REGD N/C B/E 7.30000000                                                             | CUSIP: 13063A7D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $278795.67    | 0.02%             | 2039-10-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 4.5% JUN 25       | FNMA 30YR TBA 4.5% JUN 25      TO BE ANNOUNCED 4.50000000                                         | CUSIP: 01F042665<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2545000 | PA      | $2400068.23   | 0.15%             | 2055-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX 2021-XL2 A V/R 10/15/23      | BX COMMERCIAL MORTGAGE TRUST 2021-XL2 SER 2021-XL2 CL A V/R REGD 144A P/P 5.13198000              | CUSIP: 05609KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    174958 | PA      | $174848.63    | 0.01%             | 2038-10-15      | Variable      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA3834 3% 11/01/49       | FANNIE MAE POOL UMBS P#MA3834 3.00000000                                                          | CUSIP: 31418DHL9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3597560 | PA      | $3095512.54   | 0.20%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHMS K-162 X1 V/R 12/25/33      | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K-162 CL X1 V/R 0.56961200            | CUSIP: 3137HBP99<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1770767 | PA      | $52343.68     | 0.00%             | 2033-12-25      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 4.125% 08/15/44    | UNITED STATES TREASURY BOND 4.12500000                                                            | CUSIP: 912810UD8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6380000 | PA      | $5733277.33   | 0.37%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CARO 5.3% 02/15/40  | DUKE ENERGY CAROLINAS REGD 5.30000000                                                             | CUSIP: 26442CAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    655000 | PA      | $641840.62    | 0.04%             | 2040-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-RPL4 A V/R 12/27/60   | CSMC 2021-RPL4 TRUST SER 2021-RPL4 CL A1 V/R REGD 144A P/P 4.11518000                             | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    296090 | PA      | $294732.73    | 0.02%             | 2060-12-27      | Variable      | 4.12%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNI 1.75% 01/20/31  | VERIZON COMMUNICATIONS REGD 1.75000000                                                            | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3376000 | PA      | $2878138.58   | 0.18%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HVMLT 2006-14 2A V/R 01/25/47   | HARBORVIEW MORTGAGE LOAN TRUST 2006-14 SER 2006-14 CL 2A1A V/R REGD 4.74118000                    | CUSIP: 41162NAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4127736 | PA      | $3908731.67   | 0.25%             | 2047-01-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| FNR 2017-105 ZE 3% 01/25/48     | FANNIE MAE REMICS SER 2017-105 CL ZE 3.00000000                                                   | CUSIP: 3136B0MR4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    828826 | PA      | $639293.31    | 0.04%             | 2048-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMMT 2021-3 B1 V/R 07/25/51    | JP MORGAN MORTGAGE TRUST 2021-3 SER 2021-3 CL B1 V/R REGD 144A P/P 2.93680900                     | CUSIP: 46592KBT8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1458109 | PA      | $1203084.35   | 0.08%             | 2051-07-25      | Variable      | 2.94%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2021-NQM1 A V/R 03/25/25   | MFA 2021-NQM1 TRUST SER 2021-NQM1 CL A1 V/R REGD 144A P/P 1.15300000                              | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    171834 | PA      | $162127.80    | 0.01%             | 2065-04-25      | Variable      | 1.15%                 | Yes           |                  2 | On Loan: No      |
| GNR 2022-24 GA 3% 02/20/52      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-24 CL GA 3.00000000                             | CUSIP: 38383F2D4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    390885 | PA      | $358049.03    | 0.02%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY G 2.2% 02/01/31  | SIMON PROPERTY GROUP LP REGD 2.20000000                                                           | CUSIP: 828807DM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1098338.44   | 0.07%             | 2031-02-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BOCA 2024-BOCA A V/R 08/15/26   | BOCA COMMERCIAL MORTGAGE TRUST 2024-BOCA SER 2024-BOCA CL A V/R REGD 144A P/P 6.24939000          | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1410000 | PA      | $1412203.13   | 0.09%             | 2041-08-15      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CWALT 2005-28CB 5.5% 08/25/35   | ALTERNATIVE LOAN TRUST 2005-28CB SER 2005-28CB CL 1A7 REGD 5.50000000                             | CUSIP: 12667GWW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    478745 | PA      | $407608.17    | 0.03%             | 2035-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID  7.25% 07/15/32  | BLUE RACER MID LLC/FINAN REGD 144A P/P 7.25000000                                                 | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51839.45     | 0.00%             | 2032-07-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA4869 5.5% 01/01/53     | FANNIE MAE POOL UMBS P#MA4869 5.50000000                                                          | CUSIP: 31418EMT4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5440502 | PA      | $5402295.75   | 0.34%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 10/23/30  | GOLDMAN SACHS GROUP INC REGD V/R 4.69200000                                                       | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    535000 | PA      | $533082.69    | 0.03%             | 2030-10-23      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB5113 5.5% 11/01/52     | FANNIE MAE POOL UMBS P#CB5113 5.50000000                                                          | CUSIP: 3140QQVF9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    482488 | PA      | $479840.58    | 0.03%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOT 4.7% 06/15/32  | O'REILLY AUTOMOTIVE INC REGD 4.70000000                                                           | CUSIP: 67103HAL1<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    139000 | PA      | $136001.48    | 0.01%             | 2032-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 01/23/35  | JPMORGAN CHASE & CO REGD V/R 5.33600000                                                           | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2037514.48   | 0.13%             | 2035-01-23      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVIC 1.45% 02/15/31  | REPUBLIC SERVICES INC REGD 1.45000000                                                             | CUSIP: 760759AX8<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67358.04     | 0.00%             | 2031-02-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| NCHET 2005-B M2 V/R 10/25/35    | NEW CENTURY HOME EQUITY LOAN TRUST SERIES 2005-B SER 2005-B CL M2 V/R REGD 5.17420000             | CUSIP: 64352VNL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3446444.00   | 0.22%             | 2035-10-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| SUBWAY 2024-1 6.505% 07/30/34   | SUBWAY FUNDING LLC SER 2024-1A CL A23 REGD 144A P/P 6.50500000                                    | CUSIP: 864300AE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    497500 | PA      | $505840.89    | 0.03%             | 2054-07-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| EVERGY KANSAS CE 5.7% 03/15/53  | EVERGY KANSAS CENTRAL REGD 5.70000000                                                             | CUSIP: 30036FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    164000 | PA      | $156426.97    | 0.01%             | 2053-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.25% 11/15/34     | UNITED STATES TREASURY NOTE 4.25000000                                                            | CUSIP: 91282CLW9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  23090000 | PA      | $22862707.82  | 1.46%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FKH 2022-SFR2  4.25% 07/17/27   | FIRSTKEY HOMES 2022-SFR2 TRUST SER 2022-SFR2 CL A REGD 144A P/P 4.25000000                        | CUSIP: 33767PAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1339706 | PA      | $1323806.16   | 0.08%             | 2039-07-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ESA 2021-ESH A V/R 07/15/26     | EXTENDED STAY AMERICA TRUST 2021-ESH SER 2021-ESH CL A V/R REGD 144A P/P 5.52348000               | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    308782 | PA      | $308781.99    | 0.02%             | 2038-07-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| VERITIV OPERATI 10.5% 11/30/30  | VERITIV OPERATING CO REGD 144A P/P 10.50000000                                                    | CUSIP: 92339LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $42544.20     | 0.00%             | 2030-11-30      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| NETFLIX INC 5.4% 08/15/54       | NETFLIX INC REGD 5.40000000                                                                       | CUSIP: 64110LBA3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96235.03     | 0.01%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / 5.3% 01/15/29  | GLP CAPITAL LP / FIN II REGD 5.30000000                                                           | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $190312.55    | 0.01%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GNR 2022-61 EI 3% 07/20/51      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-61 CL EI 3.00000000                             | CUSIP: 38383PQQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14009480 | PA      | $2073159.31   | 0.13%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CA V/R /PERP/  | BANCO DO BRASIL (CAYMAN) REGD V/R /PERP/ 8.74800000                                               | CUSIP: G07402DP5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    400000 | PA      | $401988.40    | 0.03%             | 2173-10-15      | Variable      | 8.75%                 | No            |                  2 | On Loan: No      |
| FNS 426 C38 2% 03/25/52         | FANNIE MAE INTEREST STRIP SER 426 CL C38 2.00000000                                               | CUSIP: 31422M2A3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1093377 | PA      | $140018.82    | 0.01%             | 2052-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T/L MADISON IAQ LL 0% 03/26/32  | T/L MADISON IAQ LLC REGD 0.00000000                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     50000 | PA      | $49993.00     | 0.00%             | 2032-03-26      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| SHR 2024-LXRY A V/R 10/15/26    | SHR TRUST 2024-LXRY SER 2024-LXRY CL A V/R REGD 144A P/P 6.27871000                               | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1455000 | PA      | $1456819.91   | 0.09%             | 2041-10-15      | Variable      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM8981 3% 10/01/51       | FANNIE MAE POOL UMBS P#FM8981 3.00000000                                                          | CUSIP: 3140XC6T0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    104309 | PA      | $89640.74     | 0.01%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNS 437 C8 2.5% 06/25/52        | FANNIE MAE INTEREST STRIP SER 437 CL C8 2.50000000                                                | CUSIP: 31424UPE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    910597 | PA      | $143988.15    | 0.01%             | 2052-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTR 10.375% 08/01/30  | BRAND INDUSTRIAL SERVICE REGD 144A P/P 10.37500000                                                | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17938.53     | 0.00%             | 2030-08-01      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| DPABS 2015-1A 4.474% 10/25/25   | DOMINO'S PIZZA MASTER ISSUER LLC SER 2015-1A CL A2II REGD 144A P/P 4.47400000                     | CUSIP: 25755TAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    848662 | PA      | $845963.58    | 0.05%             | 2045-10-25      | Fixed         | 4.47%                 | Yes           |                  2 | On Loan: No      |
| FNR 2014-95 ZC 3% 01/25/45      | FANNIE MAE REMICS SER 2014-95 CL ZC 3.00000000                                                    | CUSIP: 3136AL3J8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    563601 | PA      | $505145.38    | 0.03%             | 2045-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUS 1.631% 11/15/26  | SBA TOWER TRUST REGD 144A P/P 1.63100000                                                          | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3245947.94   | 0.21%             | 2026-11-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS1107 2.5% 12/01/51     | FANNIE MAE POOL UMBS P#FS1107 2.50000000                                                          | CUSIP: 3140XGGR4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    354315 | PA      | $293050.35    | 0.02%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPI 3.375% 03/24/27  | HALEON US CAPITAL LLC REGD SER WI 3.37500000                                                      | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    305000 | PA      | $299904.67    | 0.02%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DE V/R 07/08/30  | BANCO INTERNAC DEL PERU REGD V/R REG S 4.00000000                                                 | CUSIP: P13435AD7<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    300000 | PA      | $299288.55    | 0.02%             | 2030-07-08      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| WBRK 2025-WBRK A V/R 03/05/30   | NJ 2025-WBRK SER 2025-WBRK CL A V/R REGD 144A P/P 5.86700000                                      | CUSIP: 65486BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1132000 | PA      | $1161732.21   | 0.07%             | 2035-03-05      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BW9008 5% 10/01/52       | FANNIE MAE POOL UMBS P#BW9008 5.00000000                                                          | CUSIP: 3140N2AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    820159 | PA      | $795617.17    | 0.05%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP 4.625% 05/01/30   | PARKLAND CORP REGD 144A P/P 4.62500000                                                            | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $56375.01     | 0.00%             | 2030-05-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 2.5% 02/15/45      | UNITED STATES TREASURY BOND 2.50000000                                                            | CUSIP: 912810RK6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2470000 | PA      | $1699475.79   | 0.11%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF C 5.15% 02/01/34  | ROYAL BANK OF CANADA REGD MTN SER GMTN 5.15000000                                                 | CUSIP: 78016HZW3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     72000 | PA      | $72682.93     | 0.00%             | 2034-02-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES I 5.65% 12/01/54  | EOG RESOURCES INC REGD 5.65000000                                                                 | CUSIP: 26875PAW1<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    180000 | PA      | $170366.81    | 0.01%             | 2054-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.5% 12/31/31      | UNITED STATES TREASURY NOTE 4.50000000                                                            | CUSIP: 91282CMC2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  18915000 | PA      | $19301427.59  | 1.23%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM4733 4% 10/01/48       | FANNIE MAE POOL UMBS P#FM4733 4.00000000                                                          | CUSIP: 3140X8HK6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    971972 | PA      | $907146.16    | 0.06%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC B 6.25% 01/15/28  | PRIME SECSRVC BRW/FINANC REGD 144A P/P 6.25000000                                                 | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59938.60     | 0.00%             | 2028-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CALIF G 5.6% 04/01/54  | SOUTHERN CALIF GAS CO REGD 5.60000000                                                             | CUSIP: 842434DA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $98363.13     | 0.01%             | 2054-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UMBS P#BR1035 2% 05/01/51       | FANNIE MAE POOL UMBS P#BR1035 2.00000000                                                          | CUSIP: 3140KYEH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    416933 | PA      | $325114.99    | 0.02%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC V/R 09/10/30       | BARCLAYS PLC REGD V/R 4.94200000                                                                  | CUSIP: 06738ECU7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $204643.19    | 0.01%             | 2030-09-10      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| T/L HEXION HOLDING 0% 03/15/29  | T/L HEXION HOLDINGS            CORPORATION 0.00000000                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     49709 | PA      | $49344.79     | 0.00%             | 2029-03-15      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTN 6.625% 09/01/32  | ARCHROCK PARTNERS LP/FIN REGD 144A P/P 6.62500000                                                 | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105552.30    | 0.01%             | 2032-09-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| CIFC 2018-2A D1R V/R 10/20/37   | CIFC FUNDING 2018-II LTD SER 2018-2A CL D1R V/R REGD 144A P/P 7.31947000                          | CUSIP: 17180WAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498747.35    | 0.03%             | 2037-10-20      | Variable      | 7.32%                 | Yes           |                  2 | On Loan: No      |
| UPBOUND GROUP  6.375% 02/15/29  | UPBOUND GROUP INC REGD 144A P/P 6.37500000                                                        | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43057.08     | 0.00%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| HPEFS 2024-2A  5.35% 10/20/31   | HPEFS EQUIPMENT TRUST 2024-2 SER 2024-2A CL B REGD 144A P/P 5.35000000                            | CUSIP: 40444MAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1725000 | PA      | $1740033.20   | 0.11%             | 2031-10-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SM ENERGY CO 7% 08/01/32        | SM ENERGY CO REGD 144A P/P 7.00000000                                                             | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62400.54     | 0.00%             | 2032-08-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM8373 2% 08/01/36       | FANNIE MAE POOL UMBS P#FM8373 2.00000000                                                          | CUSIP: 3140XCJT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    383791 | PA      | $346871.05    | 0.02%             | 2036-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T/L CREATIVE ARTIS 0% 10/01/31  | T/L CREATIVE ARTISTS AGENCY    LLC 0% 0.00000000                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      9975 | PA      | $9968.82      | 0.00%             | 2031-10-01      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINAN 4.65% 09/17/34  | BUNGE LTD FINANCE CORP REGD 4.65000000                                                            | CUSIP: 120568BF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $175026.24    | 0.01%             | 2034-09-17      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| MARS INC 5.7% 05/01/55          | MARS INC REGD 144A P/P 5.70000000                                                                 | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    305000 | PA      | $295880.48    | 0.02%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| BX 2019-OC11 E V/R 12/09/41     | BX TRUST 2019-OC11 SER 2019-OC11 CL E V/R REGD 144A P/P 3.94399000                                | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    290000 | PA      | $263044.65    | 0.02%             | 2041-12-09      | Variable      | 3.94%                 | Yes           |                  2 | On Loan: No      |
| GNR 2012-116 IB 4% 09/16/42     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2012-116 CL IB 4.00000000                            | CUSIP: 38375C5T3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    604720 | PA      | $143411.26    | 0.01%             | 2042-09-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC 5.6% 04/15/35   | XCEL ENERGY INC REGD 5.60000000                                                                   | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    440000 | PA      | $439953.59    | 0.03%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE 5.125% 11/19/31  | OTIS WORLDWIDE CORP REGD 5.12500000                                                               | CUSIP: 68902VAR8<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70971.13     | 0.00%             | 2031-11-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GNR 2020-173 JI 2% 11/20/50     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-173 CL JI 2.00000000                            | CUSIP: 38382LPQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  21498173 | PA      | $2485289.78   | 0.16%             | 2050-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIO 5.25% 09/01/35  | WASTE CONNECTIONS INC REGD 5.25000000                                                             | CUSIP: 94106BAJ0<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    132000 | PA      | $133110.82    | 0.01%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4047 2% 06/01/50       | FANNIE MAE POOL UMBS P#MA4047 2.00000000                                                          | CUSIP: 31418DP97<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  13402067 | PA      | $10527000.89  | 0.67%             | 2050-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP 2.65% 08/15/30          | MPLX LP REGD 2.65000000                                                                           | CUSIP: 55336VBQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $49215.24     | 0.00%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HPA 2021-1 F 3.325% 09/17/29    | HOME PARTNERS OF AMERICA 2021-1 TRUST SER 2021-1 CL F REGD 144A P/P 3.32500000                    | CUSIP: 437300AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    852605 | PA      | $716585.71    | 0.05%             | 2041-09-17      | Fixed         | 3.33%                 | Yes           |                  2 | On Loan: No      |
| GNMA TBA 30 YR TBA 25           | GNMA TBA 30 YR TBA 25 3.00000000                                                                  | CUSIP: 21H030666<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2820000 | PA      | $2456371.21   | 0.16%             | 2055-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 10/22/27  | JPMORGAN CHASE & CO REGD V/R 6.07000000                                                           | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331747.77    | 0.02%             | 2027-10-22      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4439 3% 10/01/51       | FANNIE MAE POOL UMBS P#MA4439 3.00000000                                                          | CUSIP: 31418D4Z2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    341513 | PA      | $291721.00    | 0.02%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#BT5572 3% 08/01/51       | FANNIE MAE POOL UMBS P#BT5572 3.00000000                                                          | CUSIP: 3140LUFN6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    436568 | PA      | $374848.14    | 0.02%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM7203 2% 05/01/51       | FANNIE MAE POOL UMBS P#FM7203 2.00000000                                                          | CUSIP: 3140XBAD2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5221674 | PA      | $4121186.16   | 0.26%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD3029 4% 04/01/47       | FREDDIE MAC POOL UMBS P#SD3029 4.00000000                                                         | CUSIP: 3132DQLJ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     36900 | PA      | $34878.43     | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNR 2014-46 IO 5% 03/16/44      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2014-46 CL IO 5.00000000                             | CUSIP: 38379AYP9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    519026 | PA      | $73154.25     | 0.00%             | 2044-03-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENE 6.25% 03/15/53  | DIAMONDBACK ENERGY INC REGD 6.25000000                                                            | CUSIP: 25278XAW9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95461.66     | 0.01%             | 2053-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COLT 2021-1 A1 V/R 06/25/66     | COLT 2021-1 MORTGAGE LOAN TRUST SER 2021-1 CL A1 V/R REGD 144A P/P 0.91000000                     | CUSIP: 19688EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    420752 | PA      | $359778.90    | 0.02%             | 2066-06-25      | Variable      | 0.91%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA4305 2% 04/01/51       | FANNIE MAE POOL UMBS P#MA4305 2.00000000                                                          | CUSIP: 31418DYB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1934422 | PA      | $1513549.81   | 0.10%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS 4.375% 08/15/28  | WYNDHAM HOTELS & RESORTS REGD 144A P/P 4.37500000                                                 | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    155000 | PA      | $149984.46    | 0.01%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2024-5YR8  V/R 07/15/29   | BANK5 2024-5YR8 SER 2024-5YR8 CL XA V/R REGD 0.90033000                                           | CUSIP: 065923BD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12269219 | PA      | $400855.03    | 0.03%             | 2057-08-15      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDING 7.25% 08/01/32  | AMENTUM HOLDINGS INC REGD 144A P/P 7.25000000                                                     | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40803.36     | 0.00%             | 2032-08-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| DCLI BIDCO LLC 7.75% 11/15/29   | DCLI BIDCO LLC REGD 144A P/P 7.75000000                                                           | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55422.07     | 0.00%             | 2029-11-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS6067 4% 08/01/51       | FANNIE MAE POOL UMBS P#FS6067 4.00000000                                                          | CUSIP: 3140XMW51<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     99384 | PA      | $94308.63     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD3698 6% 08/01/53       | FREDDIE MAC POOL UMBS P#SD3698 6.00000000                                                         | CUSIP: 3132E0DB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3352098 | PA      | $3405537.46   | 0.22%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATIO 5.875% 03/15/26  | NCL CORPORATION LTD REGD 144A P/P 5.87500000                                                      | CUSIP: 62886HBA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $13008.22     | 0.00%             | 2026-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| WALGREENS BOOTS  4.8% 11/18/44  | WALGREENS BOOTS ALLIANCE REGD 4.80000000                                                          | CUSIP: 931427AC2<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13852.46     | 0.00%             | 2044-11-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES  5.65% 03/15/35  | MERITAGE HOMES CORP REGD 5.65000000                                                               | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |     92000 | PA      | $89833.20     | 0.01%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN POS 6.875% 02/01/27  | TRANSOCEAN POSEIDON LTD REGD 144A P/P 6.87500000                                                  | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     60375 | PA      | $60445.46     | 0.00%             | 2027-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| FHMS K125 X1 V/R 01/25/31       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K125 CL X1 V/R 0.66938900             | CUSIP: 3137F9ZA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  53427127 | PA      | $1398604.64   | 0.09%             | 2031-01-25      | Variable      | 0.67%                 | No            |                  2 | On Loan: No      |
| AOMT 2021-5 A1 V/R 07/25/66     | ANGEL OAK MORTGAGE TRUST 2021-5 SER 2021-5 CL A1 V/R REGD 144A P/P 0.95100000                     | CUSIP: 03465HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    628095 | PA      | $536558.19    | 0.03%             | 2066-07-25      | Variable      | 0.95%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BQ7737 2% 03/01/51       | FANNIE MAE POOL UMBS P#BQ7737 2.00000000                                                          | CUSIP: 3140KTS30<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    705082 | PA      | $555212.03    | 0.04%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T/L CLYDESDALE 0% 03/27/32      | T/L CLYDESDALE ACQUISITION     HOLDINGS  INC REGD 0.00000000                                      | CUSIP: 18972FAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       344 | PA      | $340.79       | 0.00%             | 2032-03-27      | Variable      | 0.22%                 | No            |                  2 | On Loan: No      |
| FORDO 2023-B C 5.71% 02/15/27   | FORD CREDIT AUTO OWNER TRUST 2023-B SER 2023-B CL C REGD 5.71000000                               | CUSIP: 344930AG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2405000 | PA      | $2440847.01   | 0.16%             | 2030-12-15      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5Y 5.613% 08/15/29   | BANK5 2024-5YR9 SER 2024-5YR9 CL A3 REGD 5.61360000                                               | CUSIP: 06644VBG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $369923.87    | 0.02%             | 2057-08-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| T/L WHITE CAP 0% 10/19/29       | T/L WHITE CAP SUPPLY HOLDINGS  LLC REGD 0.00000000                                                | CUSIP: 96350TAH3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74625 | PA      | $73791.44     | 0.00%             | 2029-10-19      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4991 5.5% 04/01/38     | FANNIE MAE POOL UMBS P#MA4991 5.50000000                                                          | CUSIP: 31418ERM4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    270789 | PA      | $274902.26    | 0.02%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZS4586 4% 10/01/44       | FREDDIE MAC POOL UMBS P#ZS4586 4.00000000                                                         | CUSIP: 3132A5CX1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    564877 | PA      | $529496.86    | 0.03%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HORZN 2024-1  5.375% 09/15/31   | HORIZON AIRCRAFT FINANCE IV LTD SER 2024-1 CL A REGD 144A P/P 5.37500000                          | CUSIP: 43990EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    483350 | PA      | $472095.73    | 0.03%             | 2049-09-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS2380 4% 08/01/51       | FANNIE MAE POOL UMBS P#FS2380 4.00000000                                                          | CUSIP: 3140XHUE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    250814 | PA      | $233544.47    | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRE 6.5% 05/15/29  | MAVIS TIRE EXPRESS SERVI REGD 144A P/P 6.50000000                                                 | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33270.20     | 0.00%             | 2029-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AOMT 2021-1 A1 V/R 02/25/25     | ANGEL OAK MORTGAGE TRUST 2021-1 SER 2021-1 CL A1 V/R REGD 144A P/P 0.90900000                     | CUSIP: 03465CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    288925 | PA      | $245312.85    | 0.02%             | 2066-01-25      | Variable      | 0.91%                 | Yes           |                  2 | On Loan: No      |
| NORTHROP GRUMMA 5.15% 05/01/40  | NORTHROP GRUMMAN CORP REGD 5.15000000                                                             | CUSIP: 666807BT8<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    335000 | PA      | $320539.23    | 0.02%             | 2040-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BANCO DE BOGOTA 6.25% 05/12/26  | BANCO DE BOGOTA SA REGD REG S 6.25000000                                                          | CUSIP: P09252AK6<br>LEI: N/A                  | Long             | DBT              | CORP              | CO        |    200000 | PA      | $200357.20    | 0.01%             | 2026-05-12      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 01/23/35  | BANK OF AMERICA CORP REGD V/R 5.46800000                                                          | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    114000 | PA      | $115192.30    | 0.01%             | 2035-01-23      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8134 2% 03/01/51       | FREDDIE MAC POOL UMBS P#SD8134 2.00000000                                                         | CUSIP: 3132DWBB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6164387 | PA      | $4823520.66   | 0.31%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP 6% 01/15/35    | BLACK HILLS CORP REGD 6.00000000                                                                  | CUSIP: 092113AX7<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    149000 | PA      | $151960.86    | 0.01%             | 2035-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/F 8.125% 02/15/29  | NGL ENRGY OP/FIN CORP REGD 144A P/P 8.12500000                                                    | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43986.67     | 0.00%             | 2029-02-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| T/L RADIOLOGY PA 0% 01/31/2029  | T/L RADIOLOGY PARTNERS INC.    REGD 0.00000000                                                    | CUSIP: 75041EAJ1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     60611 | PA      | $60038.39     | 0.00%             | 2029-01-31      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIA 4.75% 09/15/52  | ENTERGY LOUISIANA LLC REGD 4.75000000                                                             | CUSIP: 29364WBL1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $96396.81     | 0.01%             | 2052-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JBS USA SARL/FO 5.95% 04/20/35  | JBS USA SARL/FOOD/GRP REGD 144A P/P 5.95000000                                                    | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $213783.42    | 0.01%             | 2035-04-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| AFFRM 2024-A A 5.61% 09/15/26   | AFFIRM ASSET SECURITIZATION TRUST 2024-A SER 2024-A CL A REGD 144A P/P 5.61000000                 | CUSIP: 00834BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    405000 | PA      | $406350.68    | 0.03%             | 2029-02-15      | Fixed         | 5.61%                 | Yes           |                  2 | On Loan: No      |
| MV24 CAPITAL B 6.748% 06/01/34  | MV24 CAPITAL BV REGD REG S 6.74800000                                                             | CUSIP: N53766AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    300840 | PA      | $288601.86    | 0.02%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UMBS P#AZ4794 3% 10/01/30       | FANNIE MAE POOL UMBS P#AZ4794 3.00000000                                                          | CUSIP: 3138YWKG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    137871 | PA      | $134095.65    | 0.01%             | 2030-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T/L I-LOGIC TE 00.00% 02/16/28  | T/L I-LOGIC TECHNOLOGIES BIDCO LIMITED 0.00000000                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     77616 | PA      | $77486.24     | 0.00%             | 2028-02-16      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP V/R 02/01/34         | US BANCORP REGD V/R 4.83900000                                                                    | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1110488.14   | 0.07%             | 2034-02-01      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| AMC ENTERTAINMEN 7.5% 02/15/29  | AMC ENTERTAINMENT HLDGS REGD 144A P/P 7.50000000                                                  | CUSIP: 00165CBA1<br>LEI: 549300ZO77UNR6NRBR11 | Long             | DBT              | CORP              | US        |     30000 | PA      | $23445.00     | 0.00%             | 2029-02-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| AKER BP ASA 5.8% 10/01/54       | AKER BP ASA REGD 144A P/P 5.80000000                                                              | CUSIP: 00973RAP8<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    370000 | PA      | $323828.20    | 0.02%             | 2054-10-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BT2752 2% 08/01/36       | FANNIE MAE POOL UMBS P#BT2752 2.00000000                                                          | CUSIP: 3140LRBW7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     53036 | PA      | $48387.37     | 0.00%             | 2036-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP 6.875% 01/30/30    | NOVELIS CORP REGD 144A P/P 6.87500000                                                             | CUSIP: 670001AL0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $36093.19     | 0.00%             | 2030-01-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SORT 2020-1 A1 1.69% 07/15/25   | CF HIPPOLYTA ISSUER LLC SER 2020-1 CL A1 REGD 144A P/P 1.69000000                                 | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    285227 | PA      | $283110.92    | 0.02%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| PROG 2023-SFR1  4.3% 03/09/28   | PROGRESS RESIDENTIAL 2023-SFR1 TRUST SER 2023-SFR1 CL A REGD 144A P/P 4.30000000                  | CUSIP: 74334FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    548783 | PA      | $541033.67    | 0.03%             | 2040-03-17      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 01/19/38     | MORGAN STANLEY REGD V/R 5.94800000                                                                | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77680.73     | 0.00%             | 2038-01-19      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| T/L HERSCHEND  00.00% 05/14/32  | T/L HERSCHEND ENTERTAINMENT    COMPANY LLC 0.00000000                                             | CUSIP: 42778EAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10000 | PA      | $10022.90     | 0.00%             | 2032-05-14      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERG 3.375% 04/01/30  | DOMINION ENERGY INC REGD SER C 3.37500000                                                         | CUSIP: 25746UDG1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $2909057.05   | 0.19%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMM 3.625% 05/15/30  | DISCOVERY COMMUNICATIONS REGD 3.62500000                                                          | CUSIP: 25470DBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $384694.31    | 0.02%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY H 4.75% 02/15/31  | CHS/COMMUNITY HEALTH SYS REGD 144A P/P 4.75000000                                                 | CUSIP: 12543DBK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $59916.85     | 0.00%             | 2031-02-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TENET HEALTHCA 6.125% 10/01/28  | TENET HEALTHCARE CORP REGD 6.12500000                                                             | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90130.77     | 0.01%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UMBS P#RJ2244 6% 08/01/54       | FREDDIE MAC POOL UMBS P#RJ2244 6.00000000                                                         | CUSIP: 3142GSP69<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1237847 | PA      | $1252711.08   | 0.08%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4120 2.5% 09/01/50     | FANNIE MAE POOL UMBS P#MA4120 2.50000000                                                          | CUSIP: 31418DSJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    471498 | PA      | $388291.73    | 0.02%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF 5.7% 05/15/54  | CON EDISON CO OF NY INC REGD 5.70000000                                                           | CUSIP: 209111GK3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $106625.00    | 0.01%             | 2054-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CSMC 2018-RPL9 A V/R 01/25/46   | CSMC 2018-RPL9 TRUST SER 2018-RPL9 CL A V/R REGD 144A P/P 3.85000000                              | CUSIP: 12654PAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1003212 | PA      | $966508.94    | 0.06%             | 2057-09-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| HIH 2024-61P A V/R 10/15/26     | HIH TRUST 2024-61P SER 2024-61P CL A V/R REGD 144A P/P 6.17071000                                 | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    344839 | PA      | $344838.82    | 0.02%             | 2041-10-15      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| T/L QXO INC ZCP 04/23/32        | T/L QXO INC REGD ZCP TERM LOAN 0.00000000                                                         | CUSIP: 07368RAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     25000 | PA      | $25067.75     | 0.00%             | 2032-04-23      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| US FOODS INC 5.75% 04/15/33     | US FOODS INC REGD 144A P/P 5.75000000                                                             | CUSIP: 90290MAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $142448.16    | 0.01%             | 2033-04-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#310229 3.5% 08/01/43     | FANNIE MAE POOL UMBS P#310229 3.50000000                                                          | CUSIP: 31374CSS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    574466 | PA      | $525278.94    | 0.03%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMO 6.375% 01/15/30  | GROUP 1 AUTOMOTIVE INC REGD 144A P/P 6.37500000                                                   | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71287.37     | 0.00%             | 2030-01-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| COSAN OVERSEAS 8.25% /PERP/     | COSAN OVERSEAS LTD REGD /PERP/ 8.25000000                                                         | CUSIP: G2541SAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    300000 | PA      | $299250.00    | 0.02%             | 2174-02-05      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FHR 5228 JL 2.5% 10/25/41       | FREDDIE MAC REMICS SER 5228 CL JL 2.50000000                                                      | CUSIP: 3137H7UV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    159000 | PA      | $128536.00    | 0.01%             | 2041-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR TBA 4.5% JUN 25       | FNMA 15YR TBA 4.5% JUN 25      TO BE ANNOUNCED 4.50000000                                         | CUSIP: 01F042467<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |   -600000 | PA      | $-590958.04   | -0.04%            | 2040-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 04/23/31  | WELLS FARGO & COMPANY REGD V/R 5.15000000                                                         | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    592000 | PA      | $599086.90    | 0.04%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 4% JUN 25         | FNMA 30YR TBA 4% JUN 25        TO BE ANNOUNCED 4.00000000                                         | CUSIP: 01F040669<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        | -10070000 | PA      | $-9224814.33  | -0.59%            | 2055-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BRAVO 2021-NQM1  V/R 02/25/49   | BRAVO RESIDENTIAL FUNDING TRUST 2021-NQM1 SER 2021-NQM1 CL A1 V/R REGD 144A P/P 0.94100000        | CUSIP: 10569TAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    143096 | PA      | $133127.17    | 0.01%             | 2049-02-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| FHR 4223 SB V/R 07/15/43        | FREDDIE MAC REMICS SER 4223 CL SB V/R 0.04285700                                                  | CUSIP: 3137B3MV7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3952231 | PA      | $2579206.78   | 0.16%             | 2043-07-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PROG 2022-SFR 4.451% 07/20/27   | PROGRESS RESIDENTIAL 2022-SFR6 TRUST SER 2022-SFR6 CL A REGD 144A P/P 4.45100000                  | CUSIP: 74334DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1058950 | PA      | $1052158.60   | 0.07%             | 2039-07-20      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| JSW HYDRO ENER 4.125% 05/18/31  | JSW HYDRO ENERGY LT REGD REG S 4.12500000                                                         | CUSIP: Y4S71YAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    284000 | PA      | $255599.09    | 0.02%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT M 6.625% 10/15/29  | DORNOCH DEBT MERGER SUB REGD 144A P/P 6.62500000                                                  | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $34585.92     | 0.00%             | 2029-10-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| AVOLON HOLDINGS 5.75% 03/01/29  | AVOLON HOLDINGS FNDG LTD REGD 144A P/P 5.75000000                                                 | CUSIP: 05401AAU5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    262000 | PA      | $266759.30    | 0.02%             | 2029-03-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GNR 2021-35 IO V/R 12/16/62     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-35 CL IO V/R 1.03251000                         | CUSIP: 38380RWA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  16555212 | PA      | $1250146.93   | 0.08%             | 2062-12-16      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| INTEL CORP 3.25% 11/15/49       | INTEL CORP REGD 3.25000000                                                                        | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    235000 | PA      | $143284.45    | 0.01%             | 2049-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHS 389 C1 1.5% 05/15/37        | FREDDIE MAC STRIPS SER 389 CL C1 1.50000000                                                       | CUSIP: 31325YQS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2343384 | PA      | $127358.23    | 0.01%             | 2037-05-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC C 5.4% 06/01/34  | NSTAR ELECTRIC CO REGD 5.40000000                                                                 | CUSIP: 67021CAV9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95779.29     | 0.01%             | 2034-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| EIDP INC 5.125% 05/15/32        | EIDP INC REGD 5.12500000                                                                          | CUSIP: 263534CS6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    214000 | PA      | $215988.65    | 0.01%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| T/L MH SUB I 0% 12/31/31        | T/L MH SUB I LLC   REGD 0.00000000                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     17998 | PA      | $16365.05     | 0.00%             | 2031-12-31      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| IMPRL 2022-NQM2  V/R 03/25/67   | IMPERIAL FUND MORTGAGE TRUST 2022-NQM2 SER 2022-NQM2 CL A1 V/R REGD 144A P/P 3.63800000           | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1200715 | PA      | $1139017.01   | 0.07%             | 2067-03-25      | Variable      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| LIFEPOINT HEALTH  10% 06/01/32  | LIFEPOINT HEALTH INC REGD 144A P/P 10.00000000                                                    | CUSIP: 53219LAX7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67995.14     | 0.00%             | 2032-06-01      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD /  6.75% 10/15/27  | ALLIANT HOLD / CO-ISSUER REGD 144A P/P 6.75000000                                                 | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99964.07     | 0.01%             | 2027-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS9671 5.5% 11/01/54     | FANNIE MAE POOL UMBS P#FS9671 5.50000000                                                          | CUSIP: 3140XRW92<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6169295 | PA      | $6175718.11   | 0.39%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HO 4.279% 03/15/32  | WARNERMEDIA HOLDINGS INC REGD SER WI 4.27900000                                                   | CUSIP: 55903VBC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1565610.32   | 0.10%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WFCM 2016-BNK 2.652% 07/15/26   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 SER 2016-BNK1 CL A3 REGD 2.65200000               | CUSIP: 95000GAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1358863.24   | 0.09%             | 2049-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BRSP 2024-FL2 A V/R 08/19/27    | BRSP 2024-FL2 LTD SER 2024-FL2 CL A V/R REGD 144A P/P 6.27217000                                  | CUSIP: 05613BAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    357000 | PA      | $356320.81    | 0.02%             | 2037-08-19      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| MARVELL TECHNOL 5.95% 09/15/33  | MARVELL TECHNOLOGY INC REGD 5.95000000                                                            | CUSIP: 573874AQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    289000 | PA      | $298462.57    | 0.02%             | 2033-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC 5.3% 05/15/65      | ALPHABET INC REGD 5.30000000                                                                      | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    495000 | PA      | $473960.77    | 0.03%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4919 5.5% 02/01/53     | FANNIE MAE POOL UMBS P#MA4919 5.50000000                                                          | CUSIP: 31418EPD6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5204688 | PA      | $5166146.91   | 0.33%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNR 2021-95 GI 3% 01/25/52      | FANNIE MAE REMICS SER 2021-95 CL GI 3.00000000                                                    | CUSIP: 3136BKWG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    841878 | PA      | $122540.42    | 0.01%             | 2052-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T/L DEXKO GLOBAL 0% 10/04/28    | T/L DEXKO GLOBAL INC REGD 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     26143 | PA      | $24925.17     | 0.00%             | 2028-10-04      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| BANK 2018-BN10 X V/R 02/15/61   | BANK 2018-BNK10 SER 2018-BN10 CL XA V/R REGD 0.68458900                                           | CUSIP: 065404BF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15024021 | PA      | $230869.62    | 0.01%             | 2061-02-15      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET  5.037% 03/25/30  | ELEMENT FLEET MANAGEMENT REGD 144A P/P 5.03700000                                                 | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $159260.53    | 0.01%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#785713 2.5% 10/20/51  | GINNIE MAE II POOL P#785713 2.50000000                                                            | CUSIP: 3622ABGW6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3524598 | PA      | $2934975.72   | 0.19%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CGCMT 2023-SMRT  V/R 10/12/40   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2023-SMRT SER 2023-SMRT CL B V/R REGD 144A P/P 5.85242200     | CUSIP: 17291NAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2195000 | PA      | $2229114.47   | 0.14%             | 2040-10-12      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| SCRT 2020-3 M5TW 3% 05/25/60    | FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-3 SER 2020-3 CL M5TW 3.00000000       | CUSIP: 35563PTN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5057318 | PA      | $4495427.86   | 0.29%             | 2060-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EASTERN ENERGY  5.65% 10/15/54  | EASTERN ENERGY GAS REGD 5.65000000                                                                | CUSIP: 27636AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    163000 | PA      | $150257.21    | 0.01%             | 2054-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-7 A1 V/R 10/25/66    | VERUS SECURITIZATION TRUST 2021-7 SER 2021-7 CL A1 V/R REGD 144A P/P 1.82900000                   | CUSIP: 92538QAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1099938 | PA      | $982864.65    | 0.06%             | 2066-10-25      | Variable      | 1.83%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LE 6.05% 08/01/28  | PENSKE TRUCK LEASING/PTL REGD 144A P/P 6.05000000                                                 | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $176268.58    | 0.01%             | 2028-08-01      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM5166 3% 12/01/50       | FANNIE MAE POOL UMBS P#FM5166 3.00000000                                                          | CUSIP: 3140X8W45<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    457841 | PA      | $391119.78    | 0.02%             | 2050-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WHISTLER PIPELIN 5.4% 09/30/29  | WHISTLER PIPELINE LLC REGD 144A P/P 5.40000000                                                    | CUSIP: 96337RAA0<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10037.40     | 0.00%             | 2029-09-30      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| SHACK 2013-3A DR V/R 07/15/30   | SHACKLETON 2013-III CLO LTD SER 2013-3A CL DR V/R REGD 144A P/P 7.53771000                        | CUSIP: 81881QAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500115.25    | 0.03%             | 2030-07-15      | Variable      | 7.54%                 | Yes           |                  2 | On Loan: No      |
| CLEAR CHANNEL OU 7.5% 06/01/29  | CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.50000000                                                 | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22101.25     | 0.00%             | 2029-06-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| F/C US 5YR NOTE (CBT) SEP25     | FUTURE CONTRACT ON           US 5YR NOTE (CBT) SEP25 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       143 | NC      | $15470812.50  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA C V/R 02/07/30  | BANK OF AMERICA CORP REGD V/R MTN 3.97400000                                                      | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    245000 | PA      | $238940.07    | 0.02%             | 2030-02-07      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| UMBS P#BQ4491 2% 02/01/51       | FANNIE MAE POOL UMBS P#BQ4491 2.00000000                                                          | CUSIP: 3140KP7D9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1551279 | PA      | $1214053.02   | 0.08%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAG 5.15% 02/15/35  | ARTHUR J GALLAGHER & CO REGD 5.15000000                                                           | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    193000 | PA      | $189948.34    | 0.01%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUIL 9.5% 08/15/29  | CORNERSTONE BUILDING REGD 144A P/P 9.50000000                                                     | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48869.35     | 0.00%             | 2029-08-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| T/L CAMELOT U.S. 0.0% 01/31/31  | T/L CAMELOT U.S. ACQUISITION   LLC 0.00000000                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     35000 | PA      | $34912.50     | 0.00%             | 2031-01-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA1521 3.5% 12/20/43  | GINNIE MAE II POOL P#MA1521 3.50000000                                                            | CUSIP: 36179NVN5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     66423 | PA      | $60577.14     | 0.00%             | 2043-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA 6% 06/17/34    | ARCELORMITTAL SA REGD 6.00000000                                                                  | CUSIP: 03938LBG8<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |     86000 | PA      | $88739.52     | 0.01%             | 2034-06-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & 5.65% 06/01/54  | BALTIMORE GAS & ELECTRIC REGD SER . 5.65000000                                                    | CUSIP: 059165ES5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $192596.21    | 0.01%             | 2054-06-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SAIL 2006-4 A5 V/R 07/25/36     | STRUCTURED ASSET INVESTMENT LOAN TRUST 2006-4 SER 2006-4 CL A5 V/R REGD 5.05920000                | CUSIP: 86360WAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8700000 | PA      | $3087846.63   | 0.20%             | 2036-07-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| FNCI 15YR TBA 3.5% JUN 25       | FNCI 15YR TBA 3.5% JUN 25      TO BE ANNOUNCED 3.50000000                                         | CUSIP: 01F032468<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |   -675000 | PA      | $-644512.73   | -0.04%            | 2040-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS TBA 30YR 2% JUL 25         | UMBS TBA 30YR 2% JUL 25        TO BE ANNOUNCED 2.00000000                                         | CUSIP: 01F020679<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |  -1420000 | PA      | $-1103696.73  | -0.07%            | 2055-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS 6% 06/15/55  | SOUTHERN CALIF GAS CO REGD 6.00000000                                                             | CUSIP: 842434DD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $474829.75    | 0.03%             | 2055-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES 5.65% 05/15/55  | NORTHERN STATES PWR-MINN REGD 5.65000000                                                          | CUSIP: 665772DA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $198765.12    | 0.01%             | 2055-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UPSPT 2021-ST3 A 2% 05/20/27    | UPSTART PASS-THROUGH TRUST SERIES 2021-ST3 SER 2021-ST3 CL A REGD 144A P/P 2.00000000             | CUSIP: 91681PAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     36558 | PA      | $36344.23     | 0.00%             | 2027-05-20      | Fixed         | 2.00%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2021-R1 A1 V/R 04/27/29    | TOWD POINT MORTGAGE TRUST 2021-R1 SER 2021-R1 CL A1 V/R REGD 144A P/P 2.91808000                  | CUSIP: 89179TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1402036 | PA      | $1204017.88   | 0.08%             | 2060-11-30      | Variable      | 2.92%                 | Yes           |                  2 | On Loan: No      |
| MADISON IAQ LL 5.875% 06/30/29  | MADISON IAQ LLC REGD 144A P/P 5.87500000                                                          | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $140260.02    | 0.01%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FORDO 2023-B B 5.56% 02/15/27   | FORD CREDIT AUTO OWNER TRUST 2023-B SER 2023-B CL B REGD 5.56000000                               | CUSIP: 344930AF9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3350000 | PA      | $3398552.89   | 0.22%             | 2029-03-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 4.25% 08/15/54     | UNITED STATES TREASURY BOND 4.25000000                                                            | CUSIP: 912810UC0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  10480000 | PA      | $9371412.50   | 0.60%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MF1 2022-FL9 A V/R 04/19/27     | MF1 2022-FL9 LLC SER 2022-FL9 CL A V/R REGD 144A P/P 6.47438000                                   | CUSIP: 55285AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    334251 | PA      | $334886.34    | 0.02%             | 2037-06-19      | Variable      | 6.47%                 | Yes           |                  2 | On Loan: No      |
| MERLIN ENTERTA 7.375% 02/15/31  | MERLIN ENTERTAINMENTS GR REGD 144A P/P 7.37500000                                                 | CUSIP: 59010UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $182482.36    | 0.01%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM8609 3% 09/01/51       | FANNIE MAE POOL UMBS P#FM8609 3.00000000                                                          | CUSIP: 3140XCR75<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    616914 | PA      | $532505.58    | 0.03%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES 5.25% 08/09/34  | QUANTA SERVICES INC REGD 5.25000000                                                               | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    310000 | PA      | $307176.66    | 0.02%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & EL 2.5% 02/01/31  | PACIFIC GAS & ELECTRIC REGD 2.50000000                                                            | CUSIP: 694308JG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    885000 | PA      | $760841.88    | 0.05%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 01/24/31  | JPMORGAN CHASE & CO REGD V/R 5.14000000                                                           | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    318000 | PA      | $322935.50    | 0.02%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| EFMT 2021-3 A1 V/R 09/25/66     | ELLINGTON FINANCIAL MORTGAGE TRUST 2021-3 SER 2021-3 CL A1 V/R REGD 144A P/P 1.24100000           | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    731544 | PA      | $603646.44    | 0.04%             | 2066-09-25      | Variable      | 1.24%                 | Yes           |                  2 | On Loan: No      |
| RIO TINTO ALCA 6.125% 12/15/33  | RIO TINTO ALCAN INC REGD 6.12500000                                                               | CUSIP: 013716AU9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    300000 | PA      | $320956.19    | 0.02%             | 2033-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS1386 3% 10/01/51       | FANNIE MAE POOL UMBS P#FS1386 3.00000000                                                          | CUSIP: 3140XGRG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    552445 | PA      | $475582.43    | 0.03%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4400 3% 08/01/51       | FANNIE MAE POOL UMBS P#MA4400 3.00000000                                                          | CUSIP: 31418D3J9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    291024 | PA      | $248953.51    | 0.02%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLD FIELDS OR 6.125% 05/15/29  | GOLD FIELDS OROGEN HOLD REGD REG S 6.12500000                                                     | CUSIP: G40365AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | IM        |    200000 | PA      | $205379.63    | 0.01%             | 2029-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DAFC 2017-AMO A V/R 06/05/27    | DEL AMO FASHION CENTER TRUST 2017-AMO SER 2017-AMO CL A V/R REGD 144A P/P 3.63618000              | CUSIP: 24500EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    180000 | PA      | $172161.63    | 0.01%             | 2035-06-05      | Variable      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| GENESEE & WYOMI 6.25% 04/15/32  | GENESEE & WYOMING INC REGD 144A P/P 6.25000000                                                    | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213276.21    | 0.01%             | 2032-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HO 5.391% 03/15/62  | WARNERMEDIA HOLDINGS INC REGD SER WI 5.39100000                                                   | CUSIP: 55903VBF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    770000 | PA      | $495673.81    | 0.03%             | 2062-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| FHMS K-158 A2 4.05% 07/25/33    | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES SER K-158 CL A2 4.05000000           | CUSIP: 3137HAGS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5565000 | PA      | $5346963.86   | 0.34%             | 2033-07-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| FNA 2022-M4 A1X V/R 05/25/30    | FANNIE MAE-ACES SER 2022-M4 CL A1X V/R 2.45800000                                                 | CUSIP: 3136BLQ78<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4303435 | PA      | $4023595.51   | 0.26%             | 2030-05-25      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| T/L EAB GLOBAL 0% 08/16/28      | T/L EAB GLOBAL INC. REGD 0.00000000                                                               | CUSIP: 26835CAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     59400 | PA      | $58093.20     | 0.00%             | 2028-08-16      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRIC 3.949% 02/12/30  | ADANI ELECTRICITY MUMBAI REGD 3.94900000                                                          | CUSIP: Y0R1SDAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    200000 | PA      | $176163.72    | 0.01%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2185 4% 06/01/52       | FANNIE MAE POOL UMBS P#FS2185 4.00000000                                                          | CUSIP: 3140XHNB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    409571 | PA      | $377725.69    | 0.02%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#BJ2763 4.5% 05/01/48     | FANNIE MAE POOL UMBS P#BJ2763 4.50000000                                                          | CUSIP: 3140H4B94<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    186956 | PA      | $179302.30    | 0.01%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PROD 5.55% 02/16/55  | ENTERPRISE PRODUCTS OPER REGD 5.55000000                                                          | CUSIP: 29379VCH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $143693.07    | 0.01%             | 2055-02-16      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BX 2024-AIRC A V/R 08/15/26     | BX COMMERCIAL MORTGAGE TRUST 2024-AIRC SER 2024-AIRC CL A V/R REGD 144A P/P 6.01995000            | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    232973 | PA      | $233700.73    | 0.01%             | 2039-08-15      | Variable      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| AKER BP ASA 5.125% 10/01/34     | AKER BP ASA REGD 144A P/P 5.12500000                                                              | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    300000 | PA      | $281369.44    | 0.02%             | 2034-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ADANI INTERNATIONA 3% 02/16/31  | ADANI INTERNATIONAL CONT REGD 144A P/P 3.00000000                                                 | CUSIP: 00654UAA0<br>LEI: 335800J4SLERP6S94P28 | Long             | DBT              | CORP              | IN        |    240000 | PA      | $210087.22    | 0.01%             | 2031-02-16      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP 5.05% 08/05/62       | INTEL CORP REGD 5.05000000                                                                        | CUSIP: 458140CC2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    125000 | PA      | $97754.47     | 0.01%             | 2062-08-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.25% 05/15/42     | UNITED STATES TREASURY BOND 3.25000000                                                            | CUSIP: 912810TH1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   1555000 | PA      | $1261372.27   | 0.08%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHMS K066 X1 V/R 06/25/27       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K066 CL X1 V/R 0.86813400             | CUSIP: 3137F2LL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  26501777 | PA      | $311955.07    | 0.02%             | 2027-06-25      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CO 6% 06/14/30  | LAS VEGAS SANDS CORP REGD 6.00000000                                                              | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90975.22     | 0.01%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS I 5.6% 05/15/53  | META PLATFORMS INC REGD 5.60000000                                                                | CUSIP: 30303M8Q8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    265000 | PA      | $259201.24    | 0.02%             | 2053-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| T/L STUBHUB HOLDC ZCP 03/15/30  | T/L STUBHUB HOLDCO SUB LLC REGD ZCP TERM LOAN 0.00000000                                          | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |     73327 | PA      | $71402.36     | 0.00%             | 2030-03-15      | Variable      | 9.08%                 | No            |                  2 | On Loan: No      |
| CHILE ELEC PEC SP ZCP 01/25/28  | CHILE ELEC PEC SPA REGD ZCP 144A P/P 0.00000000                                                   | CUSIP: 168831AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    194834 | PA      | $169894.92    | 0.01%             | 2028-01-25      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| INTERSTATE POWER 5.6% 06/29/35  | INTERSTATE POWER & LIGHT REGD 5.60000000                                                          | CUSIP: 461070AX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $316855.16    | 0.02%             | 2035-06-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WFCM 2018-C45 4.147% 12/15/27   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-C45 SER 2018-C45 CL ASB REGD 4.14700000                | CUSIP: 95001NAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    484787 | PA      | $482079.54    | 0.03%             | 2051-06-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER 7.25% 08/15/32  | LIGHTNING POWER LLC REGD 144A P/P 7.25000000                                                      | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     65000 | PA      | $68149.62     | 0.00%             | 2032-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| IMPRL 2021-NQM3  V/R 11/25/56   | IMPERIAL FUND MORTGAGE TRUST 2021-NQM3 SER 2021-NQM3 CL A1 V/R REGD 144A P/P 1.59500000           | CUSIP: 452762AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    739983 | PA      | $639813.76    | 0.04%             | 2056-11-25      | Variable      | 1.59%                 | Yes           |                  2 | On Loan: No      |
| DIGICEL GROUP HOL ZCP 12/31/30  | DIGICEL GROUP HOLDINGS REGD ZCP 144A P/P SER 2B14 0.00000000                                      | CUSIP: 25381HAH1<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |     28105 | PA      | $1214.37      | 0.00%             | 2030-12-31      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| STAR LEASING C 7.625% 02/15/30  | STAR LEASING CO LLC REGD 144A P/P 7.62500000                                                      | CUSIP: 854938AA5<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51736.44     | 0.00%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| T/L MILANO ACQUIS 0% 10/01/27   | T/L MILANO ACQUISITION CORP    REGD 0.00000000                                                    | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     53015 | PA      | $50682.39     | 0.00%             | 2027-10-01      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 2% 11/15/41        | UNITED STATES TREASURY BOND 2.00000000                                                            | CUSIP: 912810TC2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   3565000 | PA      | $2402615.03   | 0.15%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FGLMC P#Q53571 3.5% 01/01/48    | FREDDIE MAC GOLD POOL P#Q53571 3.50000000                                                         | CUSIP: 3132XV6H1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    305391 | PA      | $276982.27    | 0.02%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T/L RESTAURANT TEC 0% 04/02/29  | T/L RESTAURANT TECHNOLOGIES   INC REGD 0.00000000                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     64109 | PA      | $62266.13     | 0.00%             | 2029-04-02      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM1 A V/R 01/25/66   | GCAT 2021-NQM1 TRUST SER 2021-NQM1 CL A1 V/R REGD 144A P/P 0.87400000                             | CUSIP: 36167TAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    337406 | PA      | $292093.97    | 0.02%             | 2066-01-25      | Variable      | 0.87%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY & CO 5.5% 02/12/55    | ELI LILLY & CO REGD 5.50000000                                                                    | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    195000 | PA      | $190749.29    | 0.01%             | 2055-02-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| T/L HUNTER DOUG 0% 01/17/2032   | T/L HUNTER DOUGLAS INC REGD 0.00000000                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     34801 | PA      | $34235.14     | 0.00%             | 2032-01-17      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCAR 6.25% 02/01/27  | TENET HEALTHCARE CORP REGD 6.25000000                                                             | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100071.10    | 0.01%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANC 7.125% 09/15/32  | ONEMAIN FINANCE CORP REGD 7.12500000                                                              | CUSIP: 682691AK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35217.75     | 0.00%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA3454 2% 09/01/50       | FREDDIE MAC POOL UMBS P#RA3454 2.00000000                                                         | CUSIP: 3133KJZT2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    255807 | PA      | $201602.18    | 0.01%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MSBAM 2015-C2 3.531% 09/15/25   | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 20 SER 2015-C26 CL A5 REGD 3.53100000          | CUSIP: 61690VAZ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1405000 | PA      | $1396912.82   | 0.09%             | 2048-10-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| FGLMC P#G08741 3% 01/01/47      | FREDDIE MAC GOLD POOL P#G08741 3.00000000                                                         | CUSIP: 3128MJZF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    104313 | PA      | $91071.94     | 0.01%             | 2047-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS  5.125% 02/13/31  | PHILIP MORRIS INTL INC REGD 5.12500000                                                            | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203422.42    | 0.01%             | 2031-02-13      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH COR 2.125% 09/15/31  | CVS HEALTH CORP REGD 2.12500000                                                                   | CUSIP: 126650DR8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $184193.20    | 0.01%             | 2031-09-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CAN V/R 02/04/31  | ROYAL BANK OF CANADA REGD V/R MTN SER GMTN 5.15300000                                             | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    475000 | PA      | $481763.66    | 0.03%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA8220 6% 11/01/52       | FREDDIE MAC POOL UMBS P#RA8220 6.00000000                                                         | CUSIP: 3133KQDZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    325917 | PA      | $330044.28    | 0.02%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC 8% 02/01/27      | TRANSOCEAN INC REGD 144A P/P 8.00000000                                                           | CUSIP: 893830BL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29328.70     | 0.00%             | 2027-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| DRMT 2021-1 A1 V/R 02/25/25     | DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2 SER 2021-1 CL A1 V/R REGD 144A P/P 0.71500000              | CUSIP: 24380VAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     69573 | PA      | $66011.27     | 0.00%             | 2065-05-25      | Variable      | 0.71%                 | Yes           |                  2 | On Loan: No      |
| VERALTO CORP 5.5% 09/18/26      | VERALTO CORP REGD SER WI 5.50000000                                                               | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131438.45    | 0.01%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD C 6.05% 04/15/28  | REGAL REXNORD CORP REGD 6.05000000                                                                | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    161000 | PA      | $165294.91    | 0.01%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8288 5% 01/01/53       | FREDDIE MAC POOL UMBS P#SD8288 5.00000000                                                         | CUSIP: 3132DWF57<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    758652 | PA      | $736428.91    | 0.05%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| T/L SAVOR ACQUI 0.00% 02/04/32  | T/L SAVOR ACQUISITION INC 0% 0.00000000                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6034 | PA      | $6040.15      | 0.00%             | 2032-02-04      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM7861 4% 08/01/38       | FANNIE MAE POOL UMBS P#FM7861 4.00000000                                                          | CUSIP: 3140XBWX4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    225404 | PA      | $222594.07    | 0.01%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VDCR 2023-1A A2A 5% 09/15/28    | RETAINED VANTAGE DATA CENTERS ISSUER LLC SER 2023-1A CL A2A REGD 144A P/P 5.00000000              | CUSIP: 76134KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1040000 | PA      | $1028078.79   | 0.07%             | 2048-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| T/L FLEETCOR TECH 0% 04/28/28   | T/L FLEETCOR TECHNOLOGIES      OPERATING COMPANY LLC REGD 0.00000000                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     19950 | PA      | $19937.63     | 0.00%             | 2028-04-28      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| T/L ZAYO GROUP HOL 0% 03/09/27  | T/L ZAYO GROUP HOLDINGS INC    REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     19949 | PA      | $19062.27     | 0.00%             | 2027-03-09      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GNMA II P#4697 5% 05/20/40      | GINNIE MAE II POOL P#4697 5.00000000                                                              | CUSIP: 36202FGE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    238969 | PA      | $238888.89    | 0.02%             | 2040-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA7255 2.5% 03/20/51  | GINNIE MAE II POOL P#MA7255 2.50000000                                                            | CUSIP: 36179WBY3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    437501 | PA      | $366698.88    | 0.02%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC V/R 05/16/29       | BARCLAYS PLC REGD V/R MTN 4.97200000                                                              | CUSIP: 06738EBD6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5022508.40   | 0.32%             | 2029-05-16      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC 6.25% 02/01/33  | PERMIAN RESOURC OPTG LLC REGD 144A P/P 6.25000000                                                 | CUSIP: 71424VAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    142000 | PA      | $140103.90    | 0.01%             | 2033-02-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIE 4.625% 12/01/29  | VICI PROPERTIES / NOTE REGD 144A P/P 4.62500000                                                   | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    316000 | PA      | $306484.10    | 0.02%             | 2029-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NRZT 2021-NQM3 A V/R 11/27/56   | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQM3 SER 2021-NQM3 CL A1 V/R REGD 144A P/P 1.15612000    | CUSIP: 64831TAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    815305 | PA      | $704563.59    | 0.04%             | 2056-11-27      | Variable      | 1.16%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC V/R 05/25/34      | CITIGROUP INC REGD V/R 6.17400000                                                                 | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77878.12     | 0.00%             | 2034-05-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| AMSR 2024-SFR2 4.15% 11/17/29   | AMSR 2024-SFR2 TRUST SER 2024-SFR2 CL A REGD 144A P/P 4.15000000                                  | CUSIP: 00179UAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    415000 | PA      | $402426.66    | 0.03%             | 2041-11-17      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| 1345T 2025-AOA A V/R 06/15/30   | 1345T 2025-AOA SER 2025-AOA CL A V/R REGD 144A P/P 0.00000000                                     | CUSIP: 68271CAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    130000 | PA      | $130227.99    | 0.01%             | 2030-06-15      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| SABRE GLBL INC 8.625% 06/01/27  | SABRE GLBL INC REGD 144A P/P 8.62500000                                                           | CUSIP: 78573NAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $28791.70     | 0.00%             | 2027-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| RIVERS ENTERPR 6.625% 02/01/33  | RIVERS ENTERPRISE REGD 144A P/P 6.62500000                                                        | CUSIP: 76883NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $143045.95    | 0.01%             | 2033-02-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL  5.3% 01/08/29  | HYUNDAI CAPITAL AMERICA REGD 144A P/P 5.30000000                                                  | CUSIP: 44891ACU9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    259000 | PA      | $261068.28    | 0.02%             | 2029-01-08      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN AIRLINE 8.5% 05/15/29  | AMERICAN AIRLINES INC REGD 144A P/P 8.50000000                                                    | CUSIP: 023771T40<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62166.90     | 0.00%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| NABORS INDUSTR 9.125% 01/31/30  | NABORS INDUSTRIES INC REGD 144A P/P 9.12500000                                                    | CUSIP: 62957HAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $77450.10     | 0.00%             | 2030-01-31      | Fixed         | 9.12%                 | Yes           |                  2 | On Loan: No      |
| US TREAS NTS 0.875% 09/30/26    | UNITED STATES TREASURY NOTE 0.87500000                                                            | CUSIP: 91282CCZ2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6800000 | PA      | $6523484.39   | 0.42%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD1461 3% 05/01/52       | FREDDIE MAC POOL UMBS P#SD1461 3.00000000                                                         | CUSIP: 3132DNTS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    256008 | PA      | $220309.05    | 0.01%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RELX CAPITAL IN 4.75% 03/27/30  | RELX CAPITAL INC REGD 4.75000000                                                                  | CUSIP: 74949LAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $342779.58    | 0.02%             | 2030-03-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDING V/R 03/20/29  | SANTANDER HOLDINGS USA REGD V/R 5.47300000                                                        | CUSIP: 80282KBN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $101813.53    | 0.01%             | 2029-03-20      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO 5.85% 06/01/34    | DTE ENERGY CO REGD 5.85000000                                                                     | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    209000 | PA      | $215411.75    | 0.01%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UMBS P#RJ1858 6% 06/01/54       | FREDDIE MAC POOL UMBS P#RJ1858 6.00000000                                                         | CUSIP: 3142GSB49<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1297729 | PA      | $1314801.10   | 0.08%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROMANIA 5.75% 03/24/35          | ROMANIA REGD 144A P/P 5.75000000                                                                  | CUSIP: 77586RAV2<br>LEI: N/A                  | Long             | DBT              | USGA              | RO        |     60000 | PA      | $53832.00     | 0.00%             | 2035-03-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| T/L ZIGGO FINANCE 0% 04/30/28   | T/L ZIGGO FINANCE PARTNERSHIP  BV REGD 0.00000000                                                 | CUSIP: N9833RAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10000 | PA      | $9716.70      | 0.00%             | 2028-04-30      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| COUGAR JV SUBSIDIA 8% 05/15/32  | COUGAR JV SUBSIDIARY LLC REGD 144A P/P 8.00000000                                                 | CUSIP: 22208WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52518.85     | 0.00%             | 2032-05-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| ILLUMINATE BUYER/H 9% 07/01/28  | ILLUMINATE BUYER/HLDG REGD 144A P/P 9.00000000                                                    | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105345.87    | 0.01%             | 2028-07-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA 5.875% 01/30/29         | ROMANIA REGD 144A P/P 5.87500000                                                                  | CUSIP: 77586RAT7<br>LEI: N/A                  | Long             | DBT              | USGA              | RO        |    442000 | PA      | $439671.70    | 0.03%             | 2029-01-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS1892 4% 08/01/49       | FANNIE MAE POOL UMBS P#FS1892 4.00000000                                                          | CUSIP: 3140XHC62<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     33933 | PA      | $31948.23     | 0.00%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SNDPT 2014-2RA B V/R 10/20/31   | SOUND POINT CLO VI-R LTD SER 2014-2RA CL B V/R REGD 144A P/P 6.33108000                           | CUSIP: 83613WAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500288.45    | 0.03%             | 2031-10-20      | Variable      | 6.33%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD7564 5% 06/01/53       | FREDDIE MAC POOL UMBS P#SD7564 5.00000000                                                         | CUSIP: 3132DVMM4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3197790 | PA      | $3135661.60   | 0.20%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA 4.625% 09/12/28         | BPCE SA REGD 144A P/P 4.62500000                                                                  | CUSIP: 05583JAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    250000 | PA      | $247978.82    | 0.02%             | 2028-09-12      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC 4.7% 01/15/35  | T-MOBILE USA INC REGD 4.70000000                                                                  | CUSIP: 87264ADM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $224580.89    | 0.01%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3% 08/15/52        | UNITED STATES TREASURY BOND 3.00000000                                                            | CUSIP: 912810TJ7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   7170000 | PA      | $5055690.25   | 0.32%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BRAVO 2021-NQM2  V/R 03/25/60   | BRAVO RESIDENTIAL FUNDING TRUST 2021-NQM2 SER 2021-NQM2 CL A1 V/R REGD 144A P/P 0.97000000        | CUSIP: 10569EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    102834 | PA      | $99221.17     | 0.01%             | 2060-03-25      | Variable      | 0.97%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB5108 5.5% 11/01/52     | FANNIE MAE POOL UMBS P#CB5108 5.50000000                                                          | CUSIP: 3140QQVA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    391780 | PA      | $390502.76    | 0.02%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIMPAR EUROPE SA 5.2% 01/26/31  | SIMPAR EUROPE SA REGD REG S 5.20000000                                                            | CUSIP: L8449RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    305000 | PA      | $239446.35    | 0.02%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS  4.375% 11/01/27  | PHILIP MORRIS INTL INC REGD 4.37500000                                                            | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    480000 | PA      | $480131.05    | 0.03%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FIEMEX ENERGIA  7.25% 01/31/41  | FIEMEX ENERGIA - BANC AC REGD 144A P/P 7.25000000                                                 | CUSIP: 05974EAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    198850 | PA      | $196215.31    | 0.01%             | 2041-01-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2024-C24 X V/R 12/15/33   | BBCMS MORTGAGE TRUST 2024-C24 SER 2024-C24 CL XA V/R REGD 1.62422200                              | CUSIP: 07336VAZ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2494532 | PA      | $246438.56    | 0.02%             | 2057-02-15      | Variable      | 1.62%                 | No            |                  2 | On Loan: No      |
| FNR 2013-62 PY 2.5% 06/25/43    | FANNIE MAE REMICS SER 2013-62 CL PY 2.50000000                                                    | CUSIP: 3136AELQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1072000 | PA      | $914202.24    | 0.06%             | 2043-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L TECTA AMERICA  0% 02/12/32  | T/L TECTA AMERICA CORP 0.00000000                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     80000 | PA      | $80012.80     | 0.01%             | 2032-02-12      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GRO 6.5% 02/15/30  | ATHENAHEALTH GROUP INC REGD 144A P/P 6.50000000                                                   | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |    110000 | PA      | $105987.48    | 0.01%             | 2030-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FNR 2022-3 PI 3% 01/25/52       | FANNIE MAE REMICS SER 2022-3 CL PI 3.00000000                                                     | CUSIP: 3136BLBF6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    734083 | PA      | $105935.77    | 0.01%             | 2052-01-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LL 5.125% 03/01/30  | ADAPTHEALTH LLC REGD 144A P/P 5.12500000                                                          | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $32344.41     | 0.00%             | 2030-03-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| NETFLIX INC 5.375% 11/15/29     | NETFLIX INC REGD 144A P/P 5.37500000                                                              | CUSIP: 64110LAU0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    119000 | PA      | $123315.28    | 0.01%             | 2029-11-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GOAT HOLDCO LLC 6.75% 02/01/32  | GOAT HOLDCO LLC REGD 144A P/P 6.75000000                                                          | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54787.98     | 0.00%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| PANTHER ESCROW 7.125% 06/01/31  | PANTHER ESCROW ISSUER REGD 144A P/P 7.12500000                                                    | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $93105.35     | 0.01%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BA4018 3.5% 03/01/46     | FANNIE MAE POOL UMBS P#BA4018 3.50000000                                                          | CUSIP: 3140E8PC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    560914 | PA      | $509816.18    | 0.03%             | 2046-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA3174 4% 10/20/45    | GINNIE MAE II POOL P#MA3174 4.00000000                                                            | CUSIP: 36179RQ36<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    188864 | PA      | $177722.71    | 0.01%             | 2045-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES 5.25% 10/15/33  | GILEAD SCIENCES INC REGD 5.25000000                                                               | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    115000 | PA      | $117098.41    | 0.01%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOB 6.875% 04/30/36  | PARAMOUNT GLOBAL REGD 6.87500000                                                                  | CUSIP: 925524AX8<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162640.64    | 0.01%             | 2036-04-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN S 4.7% 09/10/34  | CADENCE DESIGN SYS INC REGD 4.70000000                                                            | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87511.25     | 0.01%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BBCMS 2022-C15 A V/R 03/15/32   | BBCMS MORTGAGE TRUST 2022-C15 SER 2022-C15 CL A5 V/R REGD 3.66200000                              | CUSIP: 05552FBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    305000 | PA      | $276521.14    | 0.02%             | 2055-04-15      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 2.95% 04/01/30      | ORACLE CORP REGD 2.95000000                                                                       | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    165000 | PA      | $152799.36    | 0.01%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UMBS P#AS4501 3% 02/01/30       | FANNIE MAE POOL UMBS P#AS4501 3.00000000                                                          | CUSIP: 3138WEAB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    220023 | PA      | $214617.66    | 0.01%             | 2030-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OP 7% 01/15/32  | PERMIAN RESOURC OPTG LLC REGD 144A P/P 7.00000000                                                 | CUSIP: 71424VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $143611.30    | 0.01%             | 2032-01-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER 5.2% 03/15/31  | KEURIG DR PEPPER INC REGD SER 10 5.20000000                                                       | CUSIP: 49271VAU4<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132533.11    | 0.01%             | 2031-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SITIO ROYAL OP 7.875% 11/01/28  | SITIO ROYAL OP / SIT FIN REGD 144A P/P 7.87500000                                                 | CUSIP: 82983MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67036.71     | 0.00%             | 2028-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 07/19/35     | MORGAN STANLEY REGD V/R 5.32000000                                                                | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3055000 | PA      | $3035082.81   | 0.19%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA3513 2.5% 09/01/50     | FREDDIE MAC POOL UMBS P#RA3513 2.50000000                                                         | CUSIP: 3133KJ3W0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    453606 | PA      | $376037.04    | 0.02%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS3293 5.5% 11/01/52     | FANNIE MAE POOL UMBS P#FS3293 5.50000000                                                          | CUSIP: 3140XJUT8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    228995 | PA      | $227472.32    | 0.01%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD4182 3.5% 08/01/52     | FREDDIE MAC POOL UMBS P#SD4182 3.50000000                                                         | CUSIP: 3132E0UF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2745260 | PA      | $2462313.84   | 0.16%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ABSHE 2007-HE2 A V/R 05/25/37   | ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST SERIES SER 2007-HE2 CL A4 V/R REGD 4.66920000 | CUSIP: 04544TAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1276075 | PA      | $899133.78    | 0.06%             | 2037-05-25      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEA 5.375% 07/15/27  | ROYAL CARIBBEAN CRUISES REGD 144A P/P 5.37500000                                                  | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    184000 | PA      | $184166.86    | 0.01%             | 2027-07-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| STACR 2022-HQA3  V/R 08/25/42   | FREDDIE MAC STACR REMIC TRUST 2022-HQA3 SER 2022-HQA3 CL M1B V/R REGD 144A P/P 7.87197000         | CUSIP: 35564KE47<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    570000 | PA      | $597578.71    | 0.04%             | 2042-08-25      | Variable      | 7.87%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA4204 2% 12/01/40       | FANNIE MAE POOL UMBS P#MA4204 2.00000000                                                          | CUSIP: 31418DU67<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    654464 | PA      | $554784.75    | 0.04%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN S 3.5% 02/12/34  | UNITED MEXICAN STATES REGD 3.50000000                                                             | CUSIP: 91087BAR1<br>LEI: N/A                  | Long             | DBT              | USGA              | MX        |    210000 | PA      | $172116.00    | 0.01%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T/L CSC HOLDINGS 0% 04/15/27    | T/L CSC HOLDINGS LLC REGD 0.00000000                                                              | CUSIP: 64072UAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     18329 | PA      | $17962.35     | 0.00%             | 2027-04-15      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| GNR 2016-37 QF V/R 03/20/46     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2016-37 CL QF V/R 4.83886000                         | CUSIP: 38379VZX5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1818128 | PA      | $1779622.12   | 0.11%             | 2046-03-20      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| CBASS 2006-CB4 A V/R 05/25/36   | CREDIT-BASED ASSET SERVICING AND SECURITIZATION LLC SER 2006-CB4 CL AV4 V/R REGD 4.91920000       | CUSIP: 12498QAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3809760 | PA      | $2548791.99   | 0.16%             | 2036-05-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN 6% 08/01/29  | ACRISURE LLC / FIN INC REGD 144A P/P 6.00000000                                                   | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $33880.88     | 0.00%             | 2029-08-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NYC 2025-3BP A V/R 02/15/27     | NYC COMMERCIAL MORTGAGE TRUST 2025-3BP SER 2025-3BP CL A V/R REGD 144A P/P 5.54168000             | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    590000 | PA      | $588264.93    | 0.04%             | 2042-02-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA5917 3% 09/01/51       | FREDDIE MAC POOL UMBS P#RA5917 3.00000000                                                         | CUSIP: 3133KMSE6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    446637 | PA      | $384498.08    | 0.02%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM2 A V/R 05/25/66   | GCAT 2021-NQM2 TRUST SER 2021-NQM2 CL A1 V/R REGD 144A P/P 1.03600000                             | CUSIP: 36166XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    378867 | PA      | $321858.15    | 0.02%             | 2066-05-25      | Variable      | 1.04%                 | Yes           |                  2 | On Loan: No      |
| BANK5 2023-5YR4  V/R 12/15/56   | BANK5 2023-5YR4 SER 2023-5YR4 CL XA V/R REGD 1.00456300                                           | CUSIP: 06211FBR8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1033182 | PA      | $30945.56     | 0.00%             | 2056-12-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY COR 5.9% 11/15/33  | ATMOS ENERGY CORP REGD 5.90000000                                                                 | CUSIP: 049560AZ8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147882.11    | 0.01%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| MSWF 2023-2 XA V/R 12/15/56     | MSWF COMMERCIAL MORTGAGE TRUST 2023-2 SER 2023-2 CL XA V/R REGD 0.90692700                        | CUSIP: 55361AAV6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    798167 | PA      | $47176.07     | 0.00%             | 2056-12-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| DIGICEL GROUP HOL ZCP 12/31/30  | DIGICEL GROUP HOLDINGS REGD ZCP 144A P/P SER 4B14 0.00000000                                      | CUSIP: 25381HAR9<br>LEI: N/A                  | Long             | DBT              | CORP              | JM        |     81344 | PA      | $500.82       | 0.00%             | 2030-12-31      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA7651 3.5% 10/20/51  | GINNIE MAE II POOL P#MA7651 3.50000000                                                            | CUSIP: 36179WQC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2612305 | PA      | $2334638.49   | 0.15%             | 2051-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#BW1201 5% 09/01/52       | FANNIE MAE POOL UMBS P#BW1201 5.00000000                                                          | CUSIP: 3140MSKP9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    910814 | PA      | $884368.99    | 0.06%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFIN 5.2% 03/27/28  | MACQUARIE AIRFINANCE HLD REGD 144A P/P 5.20000000                                                 | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     80000 | PA      | $80234.64     | 0.01%             | 2028-03-27      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| GNR 2022-49 IO V/R 03/16/64     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-49 CL IO V/R 0.76193000                         | CUSIP: 38381EQ92<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27107165 | PA      | $1418195.39   | 0.09%             | 2064-03-16      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO 4.85% 03/15/35      | SOUTHERN CO REGD 4.85000000                                                                       | CUSIP: 842587EA1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    130000 | PA      | $125108.91    | 0.01%             | 2035-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PRO 5.05% 03/15/35  | DUKE ENERGY PROGRESS LLC REGD 5.05000000                                                          | CUSIP: 26442UAU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $266441.73    | 0.02%             | 2035-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 3.875% 04/30/30    | UNITED STATES TREASURY NOTE 3.87500000                                                            | CUSIP: 91282CMZ1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4465000 | PA      | $4447209.74   | 0.28%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 07/23/31  | BANK OF AMERICA CORP REGD V/R MTN 1.89800000                                                      | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $173134.90    | 0.01%             | 2031-07-23      | Variable      | 1.90%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.375% 11/15/48    | UNITED STATES TREASURY BOND 3.37500000                                                            | CUSIP: 912810SE9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   5110000 | PA      | $3951666.78   | 0.25%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINE 3.25% 03/15/32  | TRITON CONTAINER/TAL INT REGD 3.25000000                                                          | CUSIP: 89681LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    325000 | PA      | $274843.89    | 0.02%             | 2032-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRTX 2021-FL4 A V/R 03/15/38    | TRTX 2021-FL4 ISSUER LTD SER 2021-FL4 CL A V/R REGD 144A P/P 5.64315000                           | CUSIP: 87276WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    243947 | PA      | $243014.46    | 0.02%             | 2038-03-15      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| PENNYMAC FIN S 7.875% 12/15/29  | PENNYMAC FIN SVCS INC REGD 144A P/P 7.87500000                                                    | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     80000 | PA      | $84262.48     | 0.01%             | 2029-12-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| HOMES 2023-NQM2  V/R 05/25/27   | HOMES 2023-NQM2 TRUST SER 2023-NQM2 CL A1 V/R REGD 144A P/P 6.45600000                            | CUSIP: 43761KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1473212 | PA      | $1476927.42   | 0.09%             | 2068-02-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| ENTERGY CORP V/R 12/01/54       | ENTERGY CORP REGD V/R 7.12500000                                                                  | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |     94000 | PA      | $96103.91     | 0.01%             | 2054-12-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC 7% 02/15/29   | IRON MOUNTAIN INC REGD 144A P/P 7.00000000                                                        | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82653.44     | 0.01%             | 2029-02-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| XHR LP 6.625% 05/15/30          | XHR LP REGD 144A P/P 6.62500000                                                                   | CUSIP: 98372MAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $255543.41    | 0.02%             | 2030-05-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| HESS CORP 7.3% 08/15/31         | HESS CORP REGD 7.30000000                                                                         | CUSIP: 023551AJ3<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    165000 | PA      | $184536.52    | 0.01%             | 2031-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILD 5.75% 02/01/28  | INSTALLED BUILDING PRODU REGD 144A P/P 5.75000000                                                 | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79473.24     | 0.01%             | 2028-02-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 07/22/35  | JPMORGAN CHASE & CO REGD V/R 5.29400000                                                           | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1821000 | PA      | $1817519.05   | 0.12%             | 2035-07-22      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM9330 3% 07/01/51       | FANNIE MAE POOL UMBS P#FM9330 3.00000000                                                          | CUSIP: 3140XDLL8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    101113 | PA      | $86975.04     | 0.01%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNR 2021-79 IO V/R 08/16/63     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-79 CL IO V/R 0.88380000                         | CUSIP: 38381DBP4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18999034 | PA      | $1236799.10   | 0.08%             | 2063-08-16      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| T/L PRETIUM PKG H ZCP 10/02/28  | T/L PRETIUM PKG HOLDINGS INC REGD ZCP TERM LOAN 0.00000000                                        | CUSIP: 74142KAJ8<br>LEI: 254900S6SXME9YWLU075 | Long             | LON              | CORP              | US        |     49741 | PA      | $49430.57     | 0.00%             | 2028-10-02      | Variable      | 8.01%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO I 8% 06/15/29  | CNT PRNT/CDK GLO II/FIN REGD 144A P/P 8.00000000                                                  | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $22393.82     | 0.00%             | 2029-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| PHILLIPS 66 CO 4.95% 03/15/35   | PHILLIPS 66 CO REGD 4.95000000                                                                    | CUSIP: 718547AY8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $81015.86     | 0.01%             | 2035-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GNR 2014-12 ZB 3% 01/16/44      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2014-12 CL ZB 3.00000000                             | CUSIP: 38378PE79<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    662283 | PA      | $602555.29    | 0.04%             | 2044-01-16      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 6% 02/01/33      | NRG ENERGY INC REGD 144A P/P 6.00000000                                                           | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59456.81     | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| AEP TEXAS INC 5.45% 05/15/29    | AEP TEXAS INC REGD 5.45000000                                                                     | CUSIP: 00108WAS9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $86007.35     | 0.01%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 07/24/29  | JPMORGAN CHASE & CO REGD V/R 5.29900000                                                           | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    340000 | PA      | $346893.15    | 0.02%             | 2029-07-24      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC 4.15% 02/15/28     | BROADCOM INC REGD 4.15000000                                                                      | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    310000 | PA      | $308481.00    | 0.02%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA8486 3% 12/20/52    | GINNIE MAE II POOL P#MA8486 3.00000000                                                            | CUSIP: 36179XNB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    419646 | PA      | $365901.78    | 0.02%             | 2052-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA GAS TRA 5.75% 07/15/35  | FLORIDA GAS TRANSMISSION REGD 144A P/P 5.75000000                                                 | CUSIP: 340711BC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69000 | PA      | $69431.06     | 0.00%             | 2035-07-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WRKCO INC 3.9% 06/01/28         | WRKCO INC REGD 3.90000000                                                                         | CUSIP: 92940PAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5245000 | PA      | $5136918.33   | 0.33%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II 5% 12/15/27  | MATCH GROUP HLD II LLC REGD 144A P/P 5.00000000                                                   | CUSIP: 57665RAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $148609.17    | 0.01%             | 2027-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BMO 2025-5C9 A3 V/R 03/15/30    | BMO 2025-5C9 MORTGAGE TRUST SER 2025-5C9 CL A3 V/R REGD 5.77850000                                | CUSIP: 096933AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1920000 | PA      | $1991692.22   | 0.13%             | 2058-04-15      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| UMBS P#BX1766 5% 11/01/52       | FANNIE MAE POOL UMBS P#BX1766 5.00000000                                                          | CUSIP: 3140N56C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    105177 | PA      | $102123.22    | 0.01%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBA 5.85% 09/01/43  | PARAMOUNT GLOBAL REGD 5.85000000                                                                  | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    230000 | PA      | $197047.76    | 0.01%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER C 3.7% 10/15/49  | AMERICAN TOWER CORP REGD 3.70000000                                                               | CUSIP: 03027XAY6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     39000 | PA      | $27504.30     | 0.00%             | 2049-10-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES  5.425% 09/10/64  | TOTALENERGIES CAPITAL SA REGD 5.42500000                                                          | CUSIP: 89157XAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    290000 | PA      | $263069.10    | 0.02%             | 2064-09-10      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP  4.8% 10/01/34  | LABORATORY CORP OF AMER REGD 4.80000000                                                           | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    356000 | PA      | $341819.52    | 0.02%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-4 A1 V/R 07/25/66    | VERUS SECURITIZATION TRUST 2021-4 SER 2021-4 CL A1 V/R REGD 144A P/P 0.93800000                   | CUSIP: 92538HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    352072 | PA      | $289923.82    | 0.02%             | 2066-07-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| OCT44 2019-1A DR V/R 10/15/34   | OCTAGON INVESTMENT PARTNERS 44 LTD SER 2019-1A CL DR V/R REGD 144A P/P 7.76771000                 | CUSIP: 67577LAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $594089.22    | 0.04%             | 2034-10-15      | Variable      | 7.77%                 | Yes           |                  2 | On Loan: No      |
| SOTERA HEALTH  7.375% 06/01/31  | SOTERA HEALTH HLDGS LLC REGD 144A P/P 7.37500000                                                  | CUSIP: 83600WAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62323.32     | 0.00%             | 2031-06-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA 30YR TBA 5% JUN 25         | GNMA 30YR TBA 5% JUN 25        TO BE ANNOUNCED 5.00000000                                         | CUSIP: 21H050664<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1705000 | PA      | $1653841.59   | 0.11%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HO 5.2% 09/15/34  | ZIMMER BIOMET HOLDINGS REGD 5.20000000                                                            | CUSIP: 98956PAZ5<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143065.10    | 0.01%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM8 A V/R 10/25/66   | CSMC 2021-NQM8 SER 2021-NQM8 CL A1 V/R REGD 144A P/P 1.84100000                                   | CUSIP: 12659FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    511889 | PA      | $455231.16    | 0.03%             | 2066-10-25      | Variable      | 1.84%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BU8959 1.5% 11/01/51     | FANNIE MAE POOL UMBS P#BU8959 1.50000000                                                          | CUSIP: 3140MA5V2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    141242 | PA      | $104141.83    | 0.01%             | 2051-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM4 A V/R 06/25/25   | CSMC 2021-NQM4 SER 2021-NQM4 CL A1 V/R REGD 144A P/P 1.10100000                                   | CUSIP: 12659PAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    659084 | PA      | $568120.96    | 0.04%             | 2066-05-25      | Variable      | 1.10%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP 3.6% 04/01/50       | ORACLE CORP REGD 3.60000000                                                                       | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    549000 | PA      | $373029.67    | 0.02%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA7884 4% 02/20/52    | GINNIE MAE II POOL P#MA7884 4.00000000                                                            | CUSIP: 36179WXM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1117945 | PA      | $1029717.53   | 0.07%             | 2052-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND  3.1% 02/02/31  | ADANI PORTS AND SPECIAL REGD REG S 3.10000000                                                     | CUSIP: Y00130XS1<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $168288.48    | 0.01%             | 2031-02-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENE 5.55% 04/01/35  | DIAMONDBACK ENERGY INC REGD 5.55000000                                                            | CUSIP: 25278XBC2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    160000 | PA      | $157825.55    | 0.01%             | 2035-04-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS INC 6.5% 05/15/32  | VAIL RESORTS INC REGD 144A P/P 6.50000000                                                         | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46097.96     | 0.00%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| US TREAS NTS 0.875% 11/15/30    | UNITED STATES TREASURY NOTE 0.87500000                                                            | CUSIP: 91282CAV3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  18000000 | PA      | $15247265.58  | 0.97%             | 2030-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| CSMC 2021-NQM1 A V/R 05/25/65   | CSMC 2021-NQM1 SER 2021-NQM1 CL A1 V/R REGD 144A P/P 0.80900000                                   | CUSIP: 126407AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    119972 | PA      | $108670.10    | 0.01%             | 2065-05-25      | Variable      | 0.81%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & E 5.45% 06/15/27  | PACIFIC GAS & ELECTRIC REGD 5.45000000                                                            | CUSIP: 694308KF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    312000 | PA      | $315093.48    | 0.02%             | 2027-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 01/28/31  | GOLDMAN SACHS GROUP INC REGD V/R SER - 5.20700000                                                 | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    245000 | PA      | $248436.20    | 0.02%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| TRANE TECH FIN L 3.8% 03/21/29  | TRANE TECH FIN LTD REGD 3.80000000                                                                | CUSIP: 456873AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    115000 | PA      | $112989.65    | 0.01%             | 2029-03-21      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GATX CORP 5.5% 06/15/35         | GATX CORP REGD 5.50000000                                                                         | CUSIP: 361448BS1<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89282.34     | 0.01%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 2.5% JUNE 25      | FNMA 30YR TBA 2.5% JUNE 25 TO BE ANNOUNCED 2.50000000                                             | CUSIP: 01F022667<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    294000 | PA      | $239411.04    | 0.02%             | 2055-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY 4.5% 01/15/31  | CONSUMERS ENERGY CO REGD 4.50000000                                                               | CUSIP: 210518DY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $95345.38     | 0.01%             | 2031-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| T/L ASCEND LEARN 0% 12/11/28/   | T/L ASCEND LEARNING LLC REGD 0.00000000                                                           | CUSIP: 04349HAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     74921 | PA      | $74530.45     | 0.00%             | 2028-12-11      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM 5.875% 03/01/28  | HESS MIDSTREAM OPERATION REGD 144A P/P 5.87500000                                                 | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     81000 | PA      | $81797.36     | 0.01%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| QXO BUILDING PR 6.75% 04/30/32  | QXO BUILDING PRODUCTS REGD 144A P/P 6.75000000                                                    | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35887.25     | 0.00%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC V/R 02/13/30      | CITIGROUP INC REGD V/R 5.17400000                                                                 | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    135000 | PA      | $136734.72    | 0.01%             | 2030-02-13      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE P 5% 06/01/31  | SUBURBAN PROPANE PARTNRS REGD 144A P/P 5.00000000                                                 | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $60545.93     | 0.00%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| OBX 2022-NQM1 A1 V/R 01/25/26   | OBX 2022-NQM1 TRUST SER 2022-NQM1 CL A1 V/R REGD 144A P/P 2.30500000                              | CUSIP: 67114VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1010597 | PA      | $896245.34    | 0.06%             | 2061-11-25      | Variable      | 2.31%                 | Yes           |                  2 | On Loan: No      |
| OHIO EDISON CO 5.5% 01/15/33    | OHIO EDISON CO REGD 144A P/P 5.50000000                                                           | CUSIP: 677347CH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70539.54     | 0.00%             | 2033-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NY MELLON C V/R /PERP/  | BANK OF NY MELLON CORP REGD V/R /PERP/ 6.30000000                                                 | CUSIP: 064058AN0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    133000 | PA      | $135691.12    | 0.01%             | 2173-09-20      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| UMBS P#CA7228 2.5% 10/01/50     | FANNIE MAE POOL UMBS P#CA7228 2.50000000                                                          | CUSIP: 3140QFA66<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4544712 | PA      | $3769356.63   | 0.24%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON 5.75% 07/15/34  | PHILLIPS EDISON GROCERY REGD 5.75000000                                                           | CUSIP: 71845JAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    159000 | PA      | $160196.71    | 0.01%             | 2034-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC 3.6% 05/01/30      | NISOURCE INC REGD 3.60000000                                                                      | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    259000 | PA      | $246456.31    | 0.02%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL  6.75% 10/15/28  | UNITED NATURAL FOODS INC REGD 144A P/P 6.75000000                                                 | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    295000 | PA      | $293044.47    | 0.02%             | 2028-10-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENE 5.125% 05/15/33  | EVERSOURCE ENERGY REGD 5.12500000                                                                 | CUSIP: 30040WAU2<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    370000 | PA      | $363370.96    | 0.02%             | 2033-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BX 2024-PALM B V/R 06/15/26     | BX 2024-PALM SER 2024-PALM CL B V/R REGD 144A P/P 6.11971000                                      | CUSIP: 05612UAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3375000 | PA      | $3375000.00   | 0.22%             | 2037-06-15      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDI 6.375% 10/06/30  | GLENCORE FUNDING LLC REGD 144A P/P 6.37500000                                                     | CUSIP: 378272BP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $53031.82     | 0.00%             | 2030-10-06      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA5731 2% 08/01/51       | FREDDIE MAC POOL UMBS P#RA5731 2.00000000                                                         | CUSIP: 3133KMLL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    171763 | PA      | $134718.35    | 0.01%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 6% JUN 25         | FNMA 30YR TBA 6% JUN 25        TO BE ANNOUNCED 6.00000000                                         | CUSIP: 01F060667<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |  39070000 | PA      | $39451380.24  | 2.51%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BALTA 2006-1 21A V/R 02/25/36   | BEAR STEARNS ALT-A TRUST 2006-1 SER 2006-1 CL 21A2 V/R REGD 4.58730600                            | CUSIP: 07386HB83<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1760028 | PA      | $1255780.11   | 0.08%             | 2036-02-25      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 04/22/32  | GOLDMAN SACHS GROUP INC REGD V/R 2.61500000                                                       | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48231.55     | 0.00%             | 2032-04-22      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4466 2.5% 11/01/51     | FANNIE MAE POOL UMBS P#MA4466 2.50000000                                                          | CUSIP: 31418D6C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5240718 | PA      | $4280519.42   | 0.27%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHMS K129 X1 V/R 05/25/31       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K129 CL X1 V/R 1.13777000             | CUSIP: 3137H13R5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  30468993 | PA      | $1401110.54   | 0.09%             | 2031-05-25      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| LMAT 2021-GS2 A1 V/R 04/25/61   | LEGACY MORTGAGE ASSET TRUST 2021-GS2 SER 2021-GS2 CL A1 V/R REGD 144A P/P 5.75000000              | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    277276 | PA      | $277197.89    | 0.02%             | 2061-04-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| DNKN 2019-1A  4.352% 05/20/29   | DB MASTER FINANCE LLC SER 2019-1A CL A23 REGD 144A P/P 4.35200000                                 | CUSIP: 233046AL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1569262 | PA      | $1528564.78   | 0.10%             | 2049-05-20      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| NAVSL 2021-FA  1.11% 05/15/29   | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-F SER 2021-FA CL A REGD 144A P/P 1.11000000        | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    467821 | PA      | $411682.43    | 0.03%             | 2070-02-18      | Fixed         | 1.11%                 | Yes           |                  2 | On Loan: No      |
| CYRUS 2024-2A A 4.5% 05/20/29   | CYRUSONE DATA CENTERS ISSUER I LLC SER 2024-2A CL A2 REGD 144A P/P 4.50000000                     | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $963642.80    | 0.06%             | 2049-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TPMT 2022-4 A1 V/R 06/25/62     | TOWD POINT MORTGAGE TRUST 2022-4 SER 2022-4 CL A1 V/R REGD 144A P/P 3.75000000                    | CUSIP: 89180YAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2394713 | PA      | $2275391.51   | 0.15%             | 2062-09-25      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FHMS K753 X1 V/R 10/25/30       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K753 CL X1 V/R 0.22903600             | CUSIP: 3137HB2N3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2349340 | PA      | $31706.69     | 0.00%             | 2030-10-25      | Variable      | 0.23%                 | No            |                  2 | On Loan: No      |
| GNMA II P#4636 4.5% 02/20/40    | GINNIE MAE II POOL P#4636 4.50000000                                                              | CUSIP: 36202FEH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    532895 | PA      | $521478.57    | 0.03%             | 2040-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS L 6% 06/01/26  | NUSTAR LOGISTICS LP REGD 6.00000000                                                               | CUSIP: 67059TAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $135670.41    | 0.01%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB6484 5.5% 06/01/53     | FANNIE MAE POOL UMBS P#CB6484 5.50000000                                                          | CUSIP: 3140QSF22<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    676205 | PA      | $671193.87    | 0.04%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FMMSR 2021-GT2 A V/R 10/25/26   | FMC GMSR ISSUER TRUST SER 2021-GT2 CL A V/R REGD 144A P/P 3.85000000                              | CUSIP: 30259RAK1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3420000 | PA      | $3215530.85   | 0.20%             | 2026-10-25      | Variable      | 3.85%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM5063 3.5% 07/01/50     | FANNIE MAE POOL UMBS P#FM5063 3.50000000                                                          | CUSIP: 3140X8TV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    359351 | PA      | $322087.05    | 0.02%             | 2050-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & 5.35% 01/15/54  | VIRGINIA ELEC & POWER CO REGD 5.35000000                                                          | CUSIP: 927804GQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $95285.01     | 0.01%             | 2054-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OAKC 2019-2A D1R V/R 01/21/38   | OHA CREDIT FUNDING 2 LTD SER 2019-2A CL D1R2 V/R REGD 144A P/P 6.96947000                         | CUSIP: 67707ECA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993261.50    | 0.06%             | 2038-01-21      | Variable      | 6.97%                 | Yes           |                  2 | On Loan: No      |
| ANHEUSER-BUSCH  4.75% 01/23/29  | ANHEUSER-BUSCH INBEV WOR REGD 4.75000000                                                          | CUSIP: 035240AQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $294075.44    | 0.02%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T/L 1261229 B.C. 0% 09/25/30    | T/L 1261229 B.C. LTD 0.00000000                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10000 | PA      | $9476.40      | 0.00%             | 2030-09-25      | Variable      | 10.59%                | No            |                  2 | On Loan: No      |
| OLIN CORP 6.625% 04/01/33       | OLIN CORP REGD 144A P/P 6.62500000                                                                | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33500.82     | 0.00%             | 2033-04-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| FNR 2017-22 BZ 3.5% 04/25/47    | FANNIE MAE REMICS SER 2017-22 CL BZ 3.50000000                                                    | CUSIP: 3136AVW62<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    736644 | PA      | $673470.26    | 0.04%             | 2047-04-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZA3968 3% 05/01/33       | FREDDIE MAC POOL UMBS P#ZA3968 3.00000000                                                         | CUSIP: 31329MMR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    280166 | PA      | $270615.78    | 0.02%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNR 2021-52 IO V/R 04/16/63     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-52 CL IO V/R 0.72138000                         | CUSIP: 38380RJ84<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  18493241 | PA      | $955704.83    | 0.06%             | 2063-04-16      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| TRTX 2022-FL5 A V/R 02/15/39    | TRTX 2022-FL5 ISSUER LTD SER 2022-FL5 CL A V/R REGD 144A P/P 5.97867000                           | CUSIP: 87277JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    319389 | PA      | $319170.83    | 0.02%             | 2039-02-15      | Variable      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| XCEL ENERGY INC 4.6% 06/01/32   | XCEL ENERGY INC REGD 4.60000000                                                                   | CUSIP: 98388MAD9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    180000 | PA      | $172741.65    | 0.01%             | 2032-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| T/L CLOUD SOFTWAR ZCP 03/21/31  | T/L CLOUD SOFTWARE GRP INC REGD ZCP TERM LOAN 0.00000000                                          | CUSIP: 88632NBE9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     34912 | PA      | $34808.81     | 0.00%             | 2031-03-21      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| CEDF 2024-19A D1 V/R 01/23/38   | CEDAR FUNDING XIX CLO LTD SER 2024-19A CL D1 V/R REGD 144A P/P 7.24134000                         | CUSIP: 15033CAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999671.70    | 0.06%             | 2038-01-23      | Variable      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| MICHAELS COS IN 5.25% 05/01/28  | MICHAELS COS INC/THE REGD 144A P/P 5.25000000                                                     | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     45000 | PA      | $30676.18     | 0.00%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| METLIFE INC V/R 03/15/55        | METLIFE INC REGD V/R SER G 6.35000000                                                             | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    132000 | PA      | $132782.10    | 0.01%             | 2055-03-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & 5.15% 03/15/35  | VIRGINIA ELEC & POWER CO REGD 5.15000000                                                          | CUSIP: 927804GT5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $201609.47    | 0.01%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PRO 5.55% 03/15/55  | DUKE ENERGY PROGRESS LLC REGD 5.55000000                                                          | CUSIP: 26442UAV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $204825.89    | 0.01%             | 2055-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UMBS P#CA8304 2% 12/01/40       | FANNIE MAE POOL UMBS P#CA8304 2.00000000                                                          | CUSIP: 3140QGGN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     97852 | PA      | $86200.03     | 0.01%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS4619 4.5% 10/01/50     | FANNIE MAE POOL UMBS P#FS4619 4.50000000                                                          | CUSIP: 3140XLDZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3168540 | PA      | $3037189.71   | 0.19%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DIEBOLD NIXDORF 7.75% 03/31/30  | DIEBOLD NIXDORF INC REGD 144A P/P 7.75000000                                                      | CUSIP: 253651AK9<br>LEI: 549300XZK6EWDBAZSY16 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31533.21     | 0.00%             | 2030-03-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB1908 2.5% 10/01/51     | FANNIE MAE POOL UMBS P#CB1908 2.50000000                                                          | CUSIP: 3140QMDN1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1661435 | PA      | $1366498.14   | 0.09%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEAL 6% 01/15/29  | CHS/COMMUNITY HEALTH SYS REGD 144A P/P 6.00000000                                                 | CUSIP: 12543DBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $67254.76     | 0.00%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                             | IRS RSOFRP04.16 03/19/45 CHASUS33XXX FLOAT                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $-49172.40    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLICA ORIE 4.375% 01/23/31  | REPUBLICA ORIENT URUGUAY REGD 4.37500000                                                          | CUSIP: 917288BK7<br>LEI: N/A                  | Long             | DBT              | USGA              | UY        |    315000 | PA      | $310810.50    | 0.02%             | 2031-01-23      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BR 4.8% 05/01/30  | CONSTELLATION BRANDS INC REGD 4.80000000                                                          | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    320000 | PA      | $319701.66    | 0.02%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS  5.55% 03/15/54  | CONOCOPHILLIPS COMPANY REGD 5.55000000                                                            | CUSIP: 20826FBG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $46418.26     | 0.00%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI D V/R 01/15/24   | SMRT 2022-MINI SER 2022-MINI CL D V/R REGD 144A P/P 6.27900000                                    | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1760000 | PA      | $1729200.00   | 0.11%             | 2039-01-15      | Variable      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| CGMS 2024-4A D V/R 07/20/37     | CARLYLE US CLO 2024-4 SER 2024-4A CL D V/R REGD 144A P/P 7.46947000                               | CUSIP: 142914AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498376.60    | 0.03%             | 2037-07-20      | Variable      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA4325 2% 05/01/51       | FANNIE MAE POOL UMBS P#MA4325 2.00000000                                                          | CUSIP: 31418DYX4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6963729 | PA      | $5442519.95   | 0.35%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INRETAIL SHOPPI 5.75% 04/03/28  | INRETAIL SHOPPIN REGD REG S 5.75000000                                                            | CUSIP: P56243AD3<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    200000 | PA      | $199099.14    | 0.01%             | 2028-04-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STACR 2022-DNA7  V/R 09/25/42   | FREDDIE MAC STACR REMIC TRUST 2022-DNA7 SER 2022-DNA7 CL M1B V/R REGD 144A P/P 9.32197000         | CUSIP: 35564KL49<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    245000 | PA      | $264955.08    | 0.02%             | 2052-03-25      | Variable      | 9.32%                 | Yes           |                  2 | On Loan: No      |
| JPMCC 2017-JP 3.489% 04/15/27   | JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2017-JP6 SER 2017-JP6 CL A5 REGD 3.48980000            | CUSIP: 48128KAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1062887.98   | 0.07%             | 2050-07-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| IBM CORP 4.8% 02/10/30          | IBM CORP REGD SER .. 4.80000000                                                                   | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    445000 | PA      | $448989.35    | 0.03%             | 2030-02-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FORDR 2020-2 C 1.74% 10/15/25   | FORD CREDIT AUTO OWNER TRUST 2020-REV2 SER 2020-2 CL C REGD 144A P/P 1.74000000                   | CUSIP: 34532JAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3650000 | PA      | $3603579.67   | 0.23%             | 2033-04-15      | Fixed         | 1.74%                 | Yes           |                  2 | On Loan: No      |
| GEORGIA POWER CO 5.2% 03/15/35  | GEORGIA POWER CO REGD 5.20000000                                                                  | CUSIP: 373334LB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $223912.70    | 0.01%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| VENTR 2021-42A A V/R 04/15/34   | VENTURE 42 CLO LTD SER 2021-42A CL A1A V/R REGD 144A P/P 5.64771000                               | CUSIP: 923260AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1710000 | PA      | $1715355.21   | 0.11%             | 2034-04-15      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN TOWER  3.95% 03/15/29  | AMERICAN TOWER CORP REGD 3.95000000                                                               | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1635027.63   | 0.10%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FHS 375 C1 2.5% 01/25/51        | FREDDIE MAC STRIPS SER 375 CL C1 2.50000000                                                       | CUSIP: 3133Q5AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    833698 | PA      | $129257.55    | 0.01%             | 2051-01-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DELL INC 6.5% 04/15/38          | DELL INC REGD 6.50000000                                                                          | CUSIP: 24702RAF8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $76238.35     | 0.00%             | 2038-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.375% 12/31/29    | UNITED STATES TREASURY NOTE 4.37500000                                                            | CUSIP: 91282CMD0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   8890000 | PA      | $9045575.00   | 0.58%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENE 5.75% 04/18/54  | DIAMONDBACK ENERGY INC REGD 5.75000000                                                            | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    120000 | PA      | $107553.09    | 0.01%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVNT 2024-REV1 5.92% 04/15/27   | AVANT LOANS FUNDING TRUST 2024-REV1 SER 2024-REV1 CL A REGD 144A P/P 5.92000000                   | CUSIP: 05352UAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    750000 | PA      | $755169.30    | 0.05%             | 2033-10-15      | Fixed         | 5.92%                 | Yes           |                  2 | On Loan: No      |
| KENVUE INC 4.85% 05/22/32       | KENVUE INC REGD 4.85000000                                                                        | CUSIP: 49177JAS1<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226012.36    | 0.01%             | 2032-05-22      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FHR 4265 GL 3% 04/15/42         | FREDDIE MAC REMICS SER 4265 CL GL 3.00000000                                                      | CUSIP: 3137B5R96<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $909193.50    | 0.06%             | 2042-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREA 7.5% 05/15/32  | HARVEST MIDSTREAM I LP REGD 144A P/P 7.50000000                                                   | CUSIP: 417558AB9<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102742.60    | 0.01%             | 2032-05-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| T/L PREGIS TOPCO 0% 02/28/29    | T/L PREGIS TOPCO LLC 0% 0.00000000                                                                | CUSIP: 74045BAG2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     73764 | PA      | $73787.21     | 0.00%             | 2029-02-28      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN 5.1% 05/01/35  | NORFOLK SOUTHERN CORP REGD 5.10000000                                                             | CUSIP: 655844CV8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88898.48     | 0.01%             | 2035-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLD 7% 02/01/30  | PARK INTERMED HOLDINGS REGD 144A P/P 7.00000000                                                   | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $156138.48    | 0.01%             | 2030-02-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA I 5.125% 05/15/32  | T-MOBILE USA INC REGD 5.12500000                                                                  | CUSIP: 87264ADS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $136172.91    | 0.01%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER 5.4% 06/01/29  | CENTERPOINT ENERGY INC REGD 5.40000000                                                            | CUSIP: 15189TBG1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    367000 | PA      | $377261.92    | 0.02%             | 2029-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ELM12 2021-5A D1 V/R 10/15/37   | ELMWOOD CLO XII LTD SER 2021-5A CL D1R V/R REGD 144A P/P 7.35610000                               | CUSIP: 29002YAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $491306.35    | 0.03%             | 2037-10-15      | Variable      | 7.36%                 | Yes           |                  2 | On Loan: No      |
| F/C US 10YR ULTRA FUT SEP25     | FUTURE CONTRACT ON           US 10YR ULTRA FUT SEP25 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -59 | NC      | $-6640265.63  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| BP CAP MARKETS 4.893% 09/11/33  | BP CAP MARKETS AMERICA REGD 4.89300000                                                            | CUSIP: 10373QBV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2782106.15   | 0.18%             | 2033-09-11      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4446 2% 10/01/41       | FANNIE MAE POOL UMBS P#MA4446 2.00000000                                                          | CUSIP: 31418D5G3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    289231 | PA      | $243629.55    | 0.02%             | 2041-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4415 3% 09/01/51       | FANNIE MAE POOL UMBS P#MA4415 3.00000000                                                          | CUSIP: 31418D3Z3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     90689 | PA      | $77555.73     | 0.00%             | 2051-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS 5.875% 04/15/33  | FORTRESS TRANS & INFRAST REGD 144A P/P 5.87500000                                                 | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48269.44     | 0.00%             | 2033-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| T/L TEAM HEALTH 0.00% 03/02/27  | T/L TEAM HEALTH HOLDINGS INC   REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     26145 | PA      | $25987.78     | 0.00%             | 2027-03-02      | Variable      | 9.53%                 | No            |                  2 | On Loan: No      |
| FNA 2020-M7 X2 V/R 03/25/31     | FANNIE MAE-ACES SER 2020-M7 CL X2 V/R 1.23800000                                                  | CUSIP: 3136B9DK0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20603982 | PA      | $924080.33    | 0.06%             | 2031-03-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & 5.25% 07/15/31  | GOODYEAR TIRE & RUBBER REGD 5.25000000                                                            | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51319.92     | 0.00%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS I 5.25% 02/13/34  | PHILIP MORRIS INTL INC REGD 5.25000000                                                            | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    144000 | PA      | $144903.23    | 0.01%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNR 2021-3 TI 2.5% 02/25/51     | FANNIE MAE REMICS SER 2021-3 CL TI 2.50000000                                                     | CUSIP: 3136BDR42<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    850559 | PA      | $142582.51    | 0.01%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO 5.7% 03/15/34       | SOUTHERN CO REGD 5.70000000                                                                       | CUSIP: 842587DT1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97783.61     | 0.01%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER  4.9% 03/15/35  | ENERGY TRANSFER LP REGD 4.90000000                                                                | CUSIP: 29273RBE8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3354000 | PA      | $3138787.91   | 0.20%             | 2035-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP V/R 04/24/28  | STATE STREET CORP REGD V/R 4.54300000                                                             | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    142000 | PA      | $142317.00    | 0.01%             | 2028-04-24      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| FNR 2011-142 PE 3.5% 01/25/42   | FANNIE MAE REMICS SER 2011-142 CL PE 3.50000000                                                   | CUSIP: 3136A3NU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    471000 | PA      | $438438.69    | 0.03%             | 2042-01-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COLT 2021-HX1 A1 V/R 10/25/66   | COLT 2021-HX1 MORTGAGE LOAN TRUST SER 2021-HX1 CL A1 V/R REGD 144A P/P 1.11000000                 | CUSIP: 19688KAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1114316 | PA      | $950208.36    | 0.06%             | 2066-10-25      | Variable      | 1.11%                 | Yes           |                  2 | On Loan: No      |
| T/L VERITIV CORP 0% 11/30/30    | T/L VERITIV CORPORATION REGD 0.00000000                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     29925 | PA      | $29920.62     | 0.00%             | 2030-11-30      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| DTAOT 2023-1A  5.19% 04/15/25   | DT AUTO OWNER TRUST 2023-1 SER 2023-1A CL B REGD 144A P/P 5.19000000                              | CUSIP: 23346KAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     47271 | PA      | $47278.67     | 0.00%             | 2028-10-16      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| STAR 2021-SFR1 G V/R 04/17/26   | STAR 2021-SFR1 TRUST SER 2021-SFR1 CL G V/R REGD 144A P/P 7.64348000                              | CUSIP: 85521DAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3486838.25   | 0.22%             | 2038-04-17      | Variable      | 7.64%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE WEST CA 4.9% 05/15/28  | PINNACLE WEST CAPITAL REGD 4.90000000                                                             | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    182000 | PA      | $183394.81    | 0.01%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FHR 4957 PB 2.5% 03/25/50       | FREDDIE MAC REMICS SER 4957 CL PB 2.50000000                                                      | CUSIP: 3137FRRL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7447024 | PA      | $6199456.30   | 0.40%             | 2050-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPER 7.25% 04/01/29  | STARWOOD PROPERTY TRUST REGD 144A P/P 7.25000000                                                  | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72770.25     | 0.00%             | 2029-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ECHOSTAR CORP 10.75% 11/30/29   | ECHOSTAR CORP REGD SER . 10.75000000                                                              | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85416.50     | 0.01%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| GNR 2012-32 Z 3.5% 03/20/42     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2012-32 CL Z 3.50000000                              | CUSIP: 38378DY25<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1108635 | PA      | $1018223.16   | 0.06%             | 2042-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MARS INC 5.8% 05/01/65          | MARS INC REGD 144A P/P 5.80000000                                                                 | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135828.22    | 0.01%             | 2065-05-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| RTX CORP 4.125% 11/16/28        | RTX CORP REGD 4.12500000                                                                          | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    403000 | PA      | $398842.54    | 0.03%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK 2023-BNK45  V/R 01/15/33   | BANK 2023-BNK45 SER 2023-BNK45 CL XA V/R REGD 0.99580400                                          | CUSIP: 06541BBQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1677444 | PA      | $93263.21     | 0.01%             | 2056-02-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| PAID 2023-3 A 7.6% 12/16/30     | PAGAYA AI DEBT TRUST 2023-3 SER 2023-3 CL A REGD 144A P/P 7.60000000                              | CUSIP: 69548BAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      6029 | PA      | $6034.95      | 0.00%             | 2030-12-16      | Fixed         | 7.60%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA5224 3% 02/01/50       | FANNIE MAE POOL UMBS P#CA5224 3.00000000                                                          | CUSIP: 3140QCYW0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    192792 | PA      | $167581.68    | 0.01%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELM23 2023-2A BR V/R 04/16/36   | ELMWOOD CLO 23 LTD SER 2023-2A CL BR V/R REGD 144A P/P 6.07889000                                 | CUSIP: 29003YAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    655000 | PA      | $654959.39    | 0.04%             | 2036-04-16      | Variable      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| T/L INEOS US PETR ZCP 04/02/29  | T/L INEOS US PETROCHEM LLC REGD ZCP TERM LOAN 0.00000000                                          | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      4090 | PA      | $3731.82      | 0.00%             | 2029-04-02      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA6711 3.5% 06/20/50  | GINNIE MAE II POOL P#MA6711 3.50000000                                                            | CUSIP: 36179VN48<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    430505 | PA      | $385247.56    | 0.02%             | 2050-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC 5.625% 04/05/34    | ENBRIDGE INC REGD 5.62500000                                                                      | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     85000 | PA      | $85818.28     | 0.01%             | 2034-04-05      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CWALT 2005-7CB 2 V/R 03/01/38   | ALTERNATIVE LOAN TRUST 2005-7CB SER 2005-7CB CL 2A5 V/R REGD 4.88920000                           | CUSIP: 12667F4Q5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4152585 | PA      | $3076952.33   | 0.20%             | 2038-03-01      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPER 8.875% 06/15/32  | SERVICE PROPERTIES TRUST REGD 8.87500000                                                          | CUSIP: 81761LAE2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39992.48     | 0.00%             | 2032-06-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUN 4.875% 12/10/27  | CNO GLOBAL FUNDING REGD 144A P/P MTN 4.87500000                                                   | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    370000 | PA      | $371003.61    | 0.02%             | 2027-12-10      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| OWLEF 2024-1A  5.05% 01/15/27   | BLUE OWL ASSET LEASING TRUST 2024-1 LLC SER 2024-1A CL A2 REGD 144A P/P 5.05000000                | CUSIP: 095921AB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    303286 | PA      | $303525.93    | 0.02%             | 2029-03-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC SERVIC 5.15% 03/15/35  | REPUBLIC SERVICES INC REGD 5.15000000                                                             | CUSIP: 760759BM1<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    315000 | PA      | $316436.57    | 0.02%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SCRT 2020-1 MT 2.5% 08/25/59    | FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SERIES 2020-1 SER 2020-1 CL MT 2.50000000         | CUSIP: 35563PNN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    557678 | PA      | $449973.50    | 0.03%             | 2059-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY  6.875% 04/15/29  | CHS/COMMUNITY HEALTH SYS REGD 144A P/P 6.87500000                                                 | CUSIP: 12543DBJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $29253.35     | 0.00%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| T/L COTIVITI 0% 02/13/32/       | T/L COTIVITI INC REGD 0.00000000                                                                  | CUSIP: 22164MAF4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     80000 | PA      | $79366.40     | 0.01%             | 2032-02-13      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| CLGIX 2021-1A A 3.3% 12/28/26   | COLOGIX DATA CENTERS US ISSUER LLC SER 2021-1A CL A2 REGD 144A P/P 3.30000000                     | CUSIP: 19521UAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $961208.30    | 0.06%             | 2051-12-26      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| FNR 2013-2 MA 3.5% 02/25/43     | FANNIE MAE REMICS SER 2013-2 CL MA 3.50000000                                                     | CUSIP: 3136AB3Q4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    110796 | PA      | $104485.84    | 0.01%             | 2043-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISIT 8.25% 06/30/31  | KRONOS ACQUISITION HOLDI REGD 144A P/P 8.25000000                                                 | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     45000 | PA      | $39360.13     | 0.00%             | 2031-06-30      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| OHIO POWER COMPANY 5% 06/01/33  | OHIO POWER COMPANY REGD 5.00000000                                                                | CUSIP: 677415CV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $445381.47    | 0.03%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX 2024-MDHS B V/R 05/15/29     | BX COMMERCIAL MORTGAGE TRUST 2024-MDHS SER 2024-MDHS CL B V/R REGD 144A P/P 6.16971000            | CUSIP: 12433BAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2397947 | PA      | $2397947.40   | 0.15%             | 2041-05-15      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| FNR 2020-37 IM 4% 06/25/50      | FANNIE MAE REMICS SER 2020-37 CL IM 4.00000000                                                    | CUSIP: 3136B9W45<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    602263 | PA      | $120825.86    | 0.01%             | 2050-06-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS C 4.7% 01/15/30  | CONOCOPHILLIPS COMPANY REGD 4.70000000                                                            | CUSIP: 20826FBJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $115525.67    | 0.01%             | 2030-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 I 7.625% 01/30/32  | WAND NEWCO 3 INC REGD 144A P/P 7.62500000                                                         | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83224.16     | 0.01%             | 2032-01-30      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| HPA 2021-1 D 2.477% 09/17/29    | HOME PARTNERS OF AMERICA 2021-1 TRUST SER 2021-1 CL D REGD 144A P/P 2.47700000                    | CUSIP: 437300AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1620198 | PA      | $1406473.70   | 0.09%             | 2041-09-17      | Fixed         | 2.48%                 | Yes           |                  2 | On Loan: No      |
| ABBVIE INC 5.2% 03/15/35        | ABBVIE INC REGD 5.20000000                                                                        | CUSIP: 00287YEA3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50221.93     | 0.00%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NEWMONT / NEWCR 5.35% 03/15/34  | NEWMONT / NEWCREST FIN REGD SER WI 5.35000000                                                     | CUSIP: 65163LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    156000 | PA      | $157535.26    | 0.01%             | 2034-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 3.75% 04/15/28     | UNITED STATES TREASURY NOTE 3.75000000                                                            | CUSIP: 91282CMW8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2355000 | PA      | $2347456.65   | 0.15%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T/L LSF9 ATLAN 00.00% 03/31/29  | T/L LSF9 ATLANTIS HOLDINGS LLC 0.00000000                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     49375 | PA      | $49251.56     | 0.00%             | 2029-03-31      | Variable      | 8.55%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 0.75% 03/31/26     | UNITED STATES TREASURY NOTE 0.75000000                                                            | CUSIP: 91282CBT7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  28800000 | PA      | $28000800.00  | 1.78%             | 2026-03-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA1760 3.5% 03/20/44  | GINNIE MAE II POOL P#MA1760 3.50000000                                                            | CUSIP: 36179N5V6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    297529 | PA      | $271928.29    | 0.02%             | 2044-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTI 5% 08/15/34  | NATIONAL RURAL UTIL COOP REGD 5.00000000                                                          | CUSIP: 637432PC3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   5910000 | PA      | $5822738.85   | 0.37%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD 5.7% 01/15/35     | VIDEOTRON LTD REGD 144A P/P 5.70000000                                                            | CUSIP: 92660FAT1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    155000 | PA      | $152867.48    | 0.01%             | 2035-01-15      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| AMSR 2024-SFR1  S/UP 07/17/29   | AMSR 2024-SFR1 TRUST SER 2024-SFR1 CL B S/UP REGD 144A P/P 4.29000000                             | CUSIP: 00179CAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2392000 | PA      | $2310393.09   | 0.15%             | 2041-07-17      | Variable      | 4.29%                 | Yes           |                  2 | On Loan: No      |
| T/L PETSMART INC 0% 02/11/28    | T/L PETSMART INC REGD 0.00000000                                                                  | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49602 | PA      | $49364.73     | 0.00%             | 2028-02-11      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM4 A V/R 08/25/25   | GCAT 2021-NQM4 TRUST SER 2021-NQM4 CL A1 V/R REGD 144A P/P 1.09300000                             | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    705873 | PA      | $586164.23    | 0.04%             | 2066-08-25      | Variable      | 1.09%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 3.125% 05/15/48    | UNITED STATES TREASURY BOND 3.12500000                                                            | CUSIP: 912810SC3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   9545000 | PA      | $7079705.47   | 0.45%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LIS 4.125% 05/15/27  | PERUSAHAAN LISTRIK NEGAR REGD REG S EMTN 4.12500000                                               | CUSIP: 71568QAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | ID        |    200000 | PA      | $197391.80    | 0.01%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA5762 3.5% 02/20/49  | GINNIE MAE II POOL P#MA5762 3.50000000                                                            | CUSIP: 36179UMK5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    277497 | PA      | $250151.43    | 0.02%             | 2049-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FIN 5.813% 03/03/55  | BROOKFIELD FINANCE INC REGD 5.81300000                                                            | CUSIP: 11271LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    160000 | PA      | $151653.92    | 0.01%             | 2055-03-03      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| JPMCC 2019-OS 3.397% 06/05/29   | J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES SER 2019-OSB CL A REGD 144A P/P 3.39730000       | CUSIP: 46651EAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1950000 | PA      | $1812167.96   | 0.12%             | 2039-06-05      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD7535 2.5% 02/01/51     | FREDDIE MAC POOL UMBS P#SD7535 2.50000000                                                         | CUSIP: 3132DVLQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    158571 | PA      | $131885.12    | 0.01%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| XPO INC 7.125% 06/01/31         | XPO INC REGD 144A P/P 7.12500000                                                                  | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176012.56    | 0.01%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2022-B35 A V/R 05/15/32   | BENCHMARK 2022-B35 MORTGAGE TRUST SER 2022-B35 CL A5 V/R REGD 4.44311700                          | CUSIP: 08163RBQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4415000 | PA      | $4201054.40   | 0.27%             | 2055-05-15      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC 4.8% 05/20/45      | QUALCOMM INC REGD 4.80000000                                                                      | CUSIP: 747525AK9<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    120000 | PA      | $106895.72    | 0.01%             | 2045-05-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| UMBS P#AL7968 3% 01/01/31       | FANNIE MAE POOL UMBS P#AL7968 3.00000000                                                          | CUSIP: 3138EQ2A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    322400 | PA      | $313531.84    | 0.02%             | 2031-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FMMSR 2021-GT1 A V/R 07/25/26   | FMC GMSR ISSUER TRUST SER 2021-GT1 CL A V/R REGD 144A P/P 3.62000000                              | CUSIP: 30259RAH8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $3746782.00   | 0.24%             | 2026-07-25      | Variable      | 3.62%                 | Yes           |                  2 | On Loan: No      |
| UNITEDHEALTH GR 6.05% 02/15/63  | UNITEDHEALTH GROUP INC REGD 6.05000000                                                            | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97445.36     | 0.01%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCI 10.5% 04/15/29  | LEVEL 3 FINANCING INC REGD 144A P/P 10.50000000                                                   | CUSIP: 527298BX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $112500.00    | 0.01%             | 2029-04-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| LCM 15A DR V/R 07/20/30         | LCM XV LP SER 15A CL DR V/R REGD 144A P/P 8.23108000                                              | CUSIP: 50184NAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002476.40   | 0.06%             | 2030-07-20      | Variable      | 8.23%                 | Yes           |                  2 | On Loan: No      |
| EDISON INTERNAT 5.25% 11/15/28  | EDISON INTERNATIONAL REGD 5.25000000                                                              | CUSIP: 281020AY3<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    149000 | PA      | $146789.84    | 0.01%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENI SPA 5.75% 05/19/35          | ENI SPA REGD 144A P/P 5.75000000                                                                  | CUSIP: 26874RAQ1<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $200277.64    | 0.01%             | 2035-05-19      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS0434 2.5% 11/01/51     | FANNIE MAE POOL UMBS P#FS0434 2.50000000                                                          | CUSIP: 3140XFPU9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1019542 | PA      | $848917.30    | 0.05%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BPRL INTERNATI 4.375% 01/18/27  | BPRL INTERNATIONAL SINGA REGD EMTN 4.37500000                                                     | CUSIP: Y0963BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |    200000 | PA      | $198276.80    | 0.01%             | 2027-01-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA7053 3% 12/20/50    | GINNIE MAE II POOL P#MA7053 3.00000000                                                            | CUSIP: 36179VZS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     80423 | PA      | $70215.34     | 0.00%             | 2050-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB1805 2.5% 10/01/51     | FANNIE MAE POOL UMBS P#CB1805 2.50000000                                                          | CUSIP: 3140QMAF1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    165325 | PA      | $136768.14    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L AADVANTAGE LO ZCP 05/28/32  | T/L AADVANTAGE LOYALTY IP REGD ZCP TERM LOAN 0.00000000                                           | CUSIP: 02376CBT1<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |     35000 | PA      | $35123.90     | 0.00%             | 2032-05-07      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#BZ0044 5.065% 12/01/28   | FANNIE MAE POOL UMBS P#BZ0044 5.06500000                                                          | CUSIP: 3140NUBN8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    585000 | PA      | $598822.64    | 0.04%             | 2028-12-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| UMBS P#CA5504 2.5% 04/01/50     | FANNIE MAE POOL UMBS P#CA5504 2.50000000                                                          | CUSIP: 3140QDDJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    281598 | PA      | $232512.13    | 0.01%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNR 2024-29 AI V/R 10/16/65     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2024-29 CL AI V/R 0.72485000                         | CUSIP: 38381KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  23874479 | PA      | $1433633.83   | 0.09%             | 2065-10-16      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT 4.4% 12/01/61  | CHARTER COMM OPT LLC/CAP REGD 4.40000000                                                          | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $53892.49     | 0.00%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FHMS K132 X1 V/R 08/25/31       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K132 CL X1 V/R 0.60640400             | CUSIP: 3137H3EX6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  31279444 | PA      | $814785.72    | 0.05%             | 2031-08-25      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| HORZN 2019-2  3.425% 11/15/26   | HORIZON AIRCRAFT FINANCE III LTD SER 2019-2 CL A REGD 144A P/P 3.42500000                         | CUSIP: 44040JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2936978 | PA      | $2788349.59   | 0.18%             | 2039-11-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| GNR 2021-129 IO V/R 06/16/63    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-129 CL IO V/R 0.98278000                        | CUSIP: 38381DUB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14619090 | PA      | $1028553.88   | 0.07%             | 2063-06-16      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| VOLT 2021-NPL2 A V/R 01/25/24   | VOLT XCIII LLC SER 2021-NPL2 CL A1 V/R REGD 144A P/P 5.89250000                                   | CUSIP: 92873CAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     45405 | PA      | $45353.93     | 0.00%             | 2051-02-27      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| EART 2023-3A B 6.11% 07/15/25   | EXETER AUTOMOBILE RECEIVABLES TRUST 2023-3 SER 2023-3A CL B REGD 6.11000000                       | CUSIP: 301989AD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     49404 | PA      | $49467.88     | 0.00%             | 2027-09-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP 9% 09/30/29  | CLOUD SOFTWARE GRP INC REGD 144A P/P 9.00000000                                                   | CUSIP: 18912UAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40943.16     | 0.00%             | 2029-09-30      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| RALI 2006-QS17 A8 6% 12/25/36   | RALI SERIES 2006-QS17 TRUST SER 2006-QS17 CL A8 REGD 6.00000000                                   | CUSIP: 74922SAH1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2564567 | PA      | $2121349.32   | 0.14%             | 2036-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T/L APPLIED SYST 0% 02/23/32    | T/L APPLIED SYSTEMS INC        REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     20000 | PA      | $20445.00     | 0.00%             | 2032-02-23      | Variable      | 8.80%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDI 5.673% 04/01/35  | GLENCORE FUNDING LLC REGD 144A P/P 5.67300000                                                     | CUSIP: 378272CA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $150404.39    | 0.01%             | 2035-04-01      | Fixed         | 5.67%                 | Yes           |                  2 | On Loan: No      |
| BX 2022-PSB A V/R 08/15/27      | BX TRUST 2022-PSB SER 2022-PSB CL A V/R REGD 144A P/P 6.77971000                                  | CUSIP: 05606DAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     85990 | PA      | $85936.61     | 0.01%             | 2039-08-15      | Variable      | 6.78%                 | Yes           |                  2 | On Loan: No      |
| T/L CLYDESDALE  0% 03/27/32     | T/L CLYDESDALE ACQUISITION     HOLDINGS  INC  REGD 0.00000000                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     19656 | PA      | $19493.61     | 0.00%             | 2032-03-27      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING 6.5% 10/06/33  | GLENCORE FUNDING LLC REGD 144A P/P 6.50000000                                                     | CUSIP: 378272BQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $85556.32     | 0.01%             | 2033-10-06      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA V/R 05/28/31            | BPCE SA REGD V/R 144A P/P 5.38900000                                                              | CUSIP: 056121AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    385000 | PA      | $388261.39    | 0.02%             | 2031-05-28      | Variable      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| T/L HERC HOLDIN 0% 05/14/2032   | T/L HERC HOLDING INC REGD 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     15000 | PA      | $15049.95     | 0.00%             | 2032-05-14      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC 5.45% 03/15/34       | FISERV INC REGD 5.45000000                                                                        | CUSIP: 337738BL1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    129000 | PA      | $129316.77    | 0.01%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PRUMO PARTICIPAC 7.5% 12/31/31  | PRUMO PARTICIPACOES E IN REGD REG S 7.50000000                                                    | CUSIP: P7922DAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    215916 | PA      | $218736.95    | 0.01%             | 2031-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CNH 2024-C A3 4.03% 09/15/28    | CNH EQUIPMENT TRUST 2024-C SER 2024-C CL A3 REGD 4.03000000                                       | CUSIP: 18978GAD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2670000 | PA      | $2656683.91   | 0.17%             | 2030-01-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| FNR 2020-77 HI 4% 11/25/50      | FANNIE MAE REMICS SER 2020-77 CL HI 4.00000000                                                    | CUSIP: 3136BCVU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    645027 | PA      | $136737.83    | 0.01%             | 2050-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T/L LC AHAB US 0% 05/01/31      | T/L LC AHAB US BIDCO LLC REGD 0.00000000                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     64837 | PA      | $63864.53     | 0.00%             | 2031-05-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| PROG 2022-SFR 4.451% 06/17/27   | PROGRESS RESIDENTIAL 2022-SFR5 TRUST SER 2022-SFR5 CL A REGD 144A P/P 4.45100000                  | CUSIP: 74332YAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    237732 | PA      | $236437.83    | 0.02%             | 2039-06-17      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD8135 2.5% 03/01/51     | FREDDIE MAC POOL UMBS P#SD8135 2.50000000                                                         | CUSIP: 3132DWBC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    402474 | PA      | $329884.60    | 0.02%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA COR V/R /PERP/  | BANK OF AMERICA CORP REGD V/R /PERP/ 6.62500000                                                   | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     84000 | PA      | $85331.23     | 0.01%             | 2173-08-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA5663 3% 08/01/51       | FREDDIE MAC POOL UMBS P#RA5663 3.00000000                                                         | CUSIP: 3133KMJG1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    612243 | PA      | $526148.98    | 0.03%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T/L VANTAGE SPECI 0% 10/26/26   | T/L VANTAGE SPECIALTY          CHEMICALS INC REGD 0.00000000                                      | CUSIP: 92210XAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50349 | PA      | $47831.48     | 0.00%             | 2026-10-26      | Variable      | 9.03%                 | No            |                  2 | On Loan: No      |
| BINOM 2021-INV1  V/R 06/25/56   | BINOM SECURITIZATION TRUST 2021-INV1 SER 2021-INV1 CL A1 V/R REGD 144A P/P 2.03400000             | CUSIP: 05552UAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    301004 | PA      | $270069.86    | 0.02%             | 2056-06-25      | Variable      | 2.03%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SB8207 5.5% 12/01/37     | FREDDIE MAC POOL UMBS P#SB8207 5.50000000                                                         | CUSIP: 3132D6DL1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    839142 | PA      | $851913.58    | 0.05%             | 2037-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHR 5524 FB V/R 04/25/55        | FREDDIE MAC REMICS SER 5524 CL FB V/R 5.52197000                                                  | CUSIP: 3137HKVS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7052639 | PA      | $6986354.39   | 0.45%             | 2055-04-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| RCO 2025-3 A1 V/R 05/25/28      | RCO VIII MORTGAGE LLC 2025-3 SER 2025-3 CL A1 V/R REGD 144A P/P 6.43450000                        | CUSIP: 74939GAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99876.58     | 0.01%             | 2030-05-25      | Variable      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS  5% 12/15/34  | QUEST DIAGNOSTICS INC REGD 5.00000000                                                             | CUSIP: 74834LBG4<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    148000 | PA      | $145268.20    | 0.01%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP 3.5% 04/01/40       | NVIDIA CORP REGD 3.50000000                                                                       | CUSIP: 67066GAG9<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    410000 | PA      | $337875.68    | 0.02%             | 2040-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLAME AGGREGATOR                | FLAME AGGREGATOR 0.00000000                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       171 | NS      | $3420.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIED UNIVERS 7.875% 02/15/31  | ALLIED UNIVERSAL HOLDCO REGD 144A P/P 7.87500000                                                  | CUSIP: 019576AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $145091.66    | 0.01%             | 2031-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS0973 3% 08/01/50       | FANNIE MAE POOL UMBS P#FS0973 3.00000000                                                          | CUSIP: 3140XGCK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    167019 | PA      | $145323.41    | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TIPS 0.75% 02/15/42          | UNITED STATES TREASURY INFLATION INDEXED BONDS 0.75000000                                         | CUSIP: 912810QV3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4847848 | PA      | $3714664.74   | 0.24%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CHAOT 2024-5A  4.15% 11/25/28   | CHASE AUTO OWNER TRUST 2024-5 SER 2024-5A CL A4 REGD 144A P/P 4.15000000                          | CUSIP: 16144QAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $990671.90    | 0.06%             | 2030-03-25      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD5677 5% 03/01/54       | FREDDIE MAC POOL UMBS P#SD5677 5.00000000                                                         | CUSIP: 3132DTJW1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3860700 | PA      | $3771741.20   | 0.24%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4255 2% 02/01/51       | FANNIE MAE POOL UMBS P#MA4255 2.00000000                                                          | CUSIP: 31418DWR9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    212760 | PA      | $166624.71    | 0.01%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OBX 2021-NQM1 A1 V/R 03/25/25   | OBX 2021-NQM1 TRUST SER 2021-NQM1 CL A1 V/R REGD 144A P/P 1.07200000                              | CUSIP: 67114BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    545490 | PA      | $463332.92    | 0.03%             | 2066-02-25      | Variable      | 1.07%                 | Yes           |                  2 | On Loan: No      |
| FNR 2015-55 PD 2.5% 03/25/43    | FANNIE MAE REMICS SER 2015-55 CL PD 2.50000000                                                    | CUSIP: 3136APF72<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    359375 | PA      | $351434.93    | 0.02%             | 2043-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA V/R 01/18/35            | BPCE SA REGD V/R 144A P/P 6.50800000                                                              | CUSIP: 05571AAU9<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    470000 | PA      | $481427.43    | 0.03%             | 2035-01-18      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD7541 2% 05/01/51       | FREDDIE MAC POOL UMBS P#SD7541 2.00000000                                                         | CUSIP: 3132DVLW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    436182 | PA      | $344896.08    | 0.02%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4684 4.5% 06/01/52     | FANNIE MAE POOL UMBS P#MA4684 4.50000000                                                          | CUSIP: 31418EF21<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1082037 | PA      | $1022651.96   | 0.07%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| T/L ALERA GRO 0% 05/21/32       | T/L ALERA GROUP INC REGD 0.00000000                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     35000 | PA      | $35019.60     | 0.00%             | 2032-05-21      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC 6.625% 09/01/53       | ONEOK INC REGD 6.62500000                                                                         | CUSIP: 682680BN2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40344.59     | 0.00%             | 2053-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 04/22/32  | BANK OF AMERICA CORP REGD V/R 2.68700000                                                          | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2309508.09   | 0.15%             | 2032-04-22      | Variable      | 2.69%                 | No            |                  2 | On Loan: No      |
| CCL INDUSTRIES  3.05% 06/01/30  | CCL INDUSTRIES INC REGD 144A P/P 3.05000000                                                       | CUSIP: 124900AD3<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |    171000 | PA      | $155897.30    | 0.01%             | 2030-06-01      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#ZA6679 4% 04/01/49       | FREDDIE MAC POOL UMBS P#ZA6679 4.00000000                                                         | CUSIP: 31329QM40<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    247831 | PA      | $230776.48    | 0.01%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNR 2022-82 IO V/R 02/16/64     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-82 CL IO V/R 0.53949000                         | CUSIP: 38381HCP4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27831234 | PA      | $1184024.17   | 0.08%             | 2064-02-16      | Variable      | 0.54%                 | No            |                  2 | On Loan: No      |
| T/L SWF HOLDINGS   0% 10/06/28  | T/L SWF HOLDINGS I CORP        SPRINGS WINDOW FASHIONS/SWF    TLA2 0.00000000                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      8631 | PA      | $6867.00      | 0.00%             | 2028-10-06      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR TBA 3.0% JUN 25       | FNMA 15YR                      TO BE ANNOUNCED 3.00000000                                         | CUSIP: 01F030462<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |  -1550000 | PA      | $-1460617.55  | -0.09%            | 2040-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA6041 4.5% 07/20/49  | GINNIE MAE II POOL P#MA6041 4.50000000                                                            | CUSIP: 36179UWA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    180346 | PA      | $172233.80    | 0.01%             | 2049-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS I 5.35% 02/26/64  | CISCO SYSTEMS INC REGD 5.35000000                                                                 | CUSIP: 17275RBV3<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56200.43     | 0.00%             | 2064-02-26      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GR 4.95% 05/15/62  | UNITEDHEALTH GROUP INC REGD 4.95000000                                                            | CUSIP: 91324PEL2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     85000 | PA      | $69883.11     | 0.00%             | 2062-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA2804 3% 11/01/36       | FANNIE MAE POOL UMBS P#MA2804 3.00000000                                                          | CUSIP: 31418CDJ0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    820421 | PA      | $770071.35    | 0.05%             | 2036-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SORT 2021-1A B 1.98% 03/15/26   | CF HIPPOLYTA ISSUER LLC SER 2021-1A CL B1 REGD 144A P/P 1.98000000                                | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    108381 | PA      | $103873.45    | 0.01%             | 2061-03-15      | Fixed         | 1.98%                 | Yes           |                  2 | On Loan: No      |
| COMM 2022-HC  2.819% 01/10/27   | COMM 2022-HC MORTGAGE TRUST SER 2022-HC CL A REGD 144A P/P 2.81900000                             | CUSIP: 12659DAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    203000 | PA      | $191206.94    | 0.01%             | 2039-01-10      | Fixed         | 2.82%                 | Yes           |                  2 | On Loan: No      |
| DNKN 2021-1A  2.791% 11/20/31   | DB MASTER FINANCE LLC SER 2021-1A CL A23 REGD 144A P/P 2.79100000                                 | CUSIP: 233046AS0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    322310 | PA      | $278170.23    | 0.02%             | 2051-11-20      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| VENTURE GLOBAL 8.125% 06/01/28  | VENTURE GLOBAL LNG INC REGD 144A P/P 8.12500000                                                   | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97223.00     | 0.01%             | 2028-06-01      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| FHR 5083 AI 2.5% 03/25/51       | FREDDIE MAC REMICS SER 5083 CL AI 2.50000000                                                      | CUSIP: 3137FFMX2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    644860 | PA      | $89907.06     | 0.01%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L INEOS QUAT 00.00% 10/07/31  | T/L INEOS QUATTRO HOLDINGS UK  LIMITED 0.00000000                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     60000 | PA      | $53400.00     | 0.00%             | 2031-10-07      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC 3.5% 02/15/41      | BROADCOM INC REGD 144A P/P 3.50000000                                                             | CUSIP: 11135FBJ9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    406000 | PA      | $314700.93    | 0.02%             | 2041-02-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDIN 2.85% 04/27/31  | GLENCORE FUNDING LLC REGD 144A P/P 2.85000000                                                     | CUSIP: 378272BE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $128519.07    | 0.01%             | 2031-04-27      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB1131 2.5% 07/01/51     | FANNIE MAE POOL UMBS P#CB1131 2.50000000                                                          | CUSIP: 3140QLHH2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    387524 | PA      | $319425.66    | 0.02%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN 5.125% 05/07/29  | MONG DUONG FIN HLDGS BV REGD 5.12500000                                                           | CUSIP: N6000DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | VN        |    169400 | PA      | $165105.92    | 0.01%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ATLASSIAN CORPO 5.25% 05/15/29  | ATLASSIAN CORPORATION REGD 5.25000000                                                             | CUSIP: 049468AA9<br>LEI: 549300V7ZY5P02D2MY38 | Long             | DBT              | CORP              | AU        |     99000 | PA      | $100992.65    | 0.01%             | 2029-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO 5.15% 05/01/30        | BOEING CO REGD 5.15000000                                                                         | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151315.07    | 0.01%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GNR 2020-151 MI 2.5% 10/20/50   | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-151 CL MI 2.50000000                            | CUSIP: 38382J3Q7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7232732 | PA      | $1056560.35   | 0.07%             | 2050-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RUTAS 2 & 7 FINAN ZCP 09/30/36  | RUTAS 2 & 7 FINANCE LTD REGD ZCP REG S 0.00000000                                                 | CUSIP: G77265AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    306667 | PA      | $215433.30    | 0.01%             | 2036-09-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SE 4.625% 02/15/27  | GARDA WORLD SECURITY REGD 144A P/P 4.62500000                                                     | CUSIP: 36485MAK5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    115000 | PA      | $113518.44    | 0.01%             | 2027-02-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| ECOPETROL SA 5.875% 11/02/51    | ECOPETROL SA REGD 5.87500000                                                                      | CUSIP: 279158AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | CO        |    550000 | PA      | $355610.37    | 0.02%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FNR 2016-43 GZ 3% 07/25/46      | FANNIE MAE REMICS SER 2016-43 CL GZ 3.00000000                                                    | CUSIP: 3136ASXH4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    538669 | PA      | $469384.90    | 0.03%             | 2046-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MEXICO GENERADOR 5.5% 12/06/32  | MEXICO GENERADORA DE ENE REGD 5.50000000                                                          | CUSIP: P66208AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    247074 | PA      | $241378.94    | 0.02%             | 2032-12-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERT 6.75% 01/15/30  | FERTITTA ENTERTAINMENT REGD 144A P/P 6.75000000                                                   | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $22704.49     | 0.00%             | 2030-01-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA V/R 01/14/31            | BPCE SA REGD V/R 144A P/P 5.87600000                                                              | CUSIP: 05571AAZ8<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    550000 | PA      | $565401.21    | 0.04%             | 2031-01-14      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BACARDI-MARTINI BV 6% 02/01/35  | BACARDI-MARTINI BV REGD 144A P/P 6.00000000                                                       | CUSIP: 05634WAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |    385000 | PA      | $385578.48    | 0.02%             | 2035-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CITIBANK NA 4.914% 05/29/30     | CITIBANK NA REGD SER . 4.91400000                                                                 | CUSIP: 17325FBP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $534510.58    | 0.03%             | 2030-05-29      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| WFCM 2017-C38 XA V/R 07/15/50   | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2017-C38 SER 2017-C38 CL XA V/R REGD 0.90891600             | CUSIP: 95001MAH3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8600169 | PA      | $116379.21    | 0.01%             | 2050-07-15      | Variable      | 0.91%                 | No            |                  2 | On Loan: No      |
| T/L ASPIRE BAKERIE 0% 12/23/30  | T/L ASPIRE BAKERIES HOLDINGS   LLC REGD 0.00000000                                                | CUSIP: 02106XAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     69648 | PA      | $69706.05     | 0.00%             | 2030-12-23      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LE 5.25% 02/01/30  | PENSKE TRUCK LEASING/PTL REGD 144A P/P 5.25000000                                                 | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    311000 | PA      | $315917.91    | 0.02%             | 2030-02-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD1529 4% 03/01/49       | FREDDIE MAC POOL UMBS P#SD1529 4.00000000                                                         | CUSIP: 3132DNVW0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   5164372 | PA      | $4817626.60   | 0.31%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HTL 2024-T53 A V/R 05/10/27     | HTL COMMERCIAL MORTGAGE TRUST 2024-T53 SER 2024-T53 CL A V/R REGD 144A P/P 6.07149500             | CUSIP: 404300AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $322339.55    | 0.02%             | 2039-05-10      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| BP CAP MARKETS 3.379% 02/08/61  | BP CAP MARKETS AMERICA REGD 3.37900000                                                            | CUSIP: 10373QBQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $28035.29     | 0.00%             | 2061-02-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERIPRISE FINAN 5.2% 04/15/35  | AMERIPRISE FINANCIAL INC REGD 5.20000000                                                          | CUSIP: 03076CAP1<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |    575000 | PA      | $569933.68    | 0.04%             | 2035-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA 3.7% 04/06/50       | EQUINOR ASA REGD 3.70000000                                                                       | CUSIP: 29446MAH5<br>LEI: N/A                  | Long             | DBT              | CORP              | NO        |    210000 | PA      | $153017.04    | 0.01%             | 2050-04-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MASTEC INC 5.9% 06/15/29        | MASTEC INC REGD 5.90000000                                                                        | CUSIP: 576323AT6<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    153000 | PA      | $156991.01    | 0.01%             | 2029-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| FHMS Q001 A3 3.815% 02/25/32    | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFICATES SER Q001 CL A3 3.81500000            | CUSIP: 3137BEWR1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1443107.40   | 0.09%             | 2032-02-25      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| FHR 4892 ES V/R 07/25/45        | FREDDIE MAC REMICS SER 4892 CL ES V/R 1.71355000                                                  | CUSIP: 3137FMSN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3557931 | PA      | $385960.78    | 0.02%             | 2045-07-25      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC 8.5% 08/15/30      | VT TOPCO INC REGD 144A P/P 8.50000000                                                             | CUSIP: 91838PAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $95423.13     | 0.01%             | 2030-08-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CSMC 2021-NQM6 A V/R 07/25/66   | CSMC 2021-NQM6 TRUST SER 2021-NQM6 CL A1 V/R REGD 144A P/P 1.17400000                             | CUSIP: 12662KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1081346 | PA      | $898272.38    | 0.06%             | 2066-07-25      | Variable      | 1.17%                 | Yes           |                  2 | On Loan: No      |
| FNR 2013-72 IW 3.5% 07/25/33    | FANNIE MAE REMICS SER 2013-72 CL IW 3.50000000                                                    | CUSIP: 3136AFDM3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    866482 | PA      | $62397.13     | 0.00%             | 2033-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMP 2024-MF23 B V/R 06/15/26    | BMP 2024-MF23 SER 2024-MF23 CL B V/R REGD 144A 5.97027000                                         | CUSIP: 05593JAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2910000 | PA      | $2911818.75   | 0.19%             | 2041-06-15      | Variable      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| T/L CSC HOLDINGS 0% 01/18/2028  | T/L CSC HOLDINGS LLC REGD 0.00000000                                                              | CUSIP: 64072UAM4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10000 | PA      | $9862.50      | 0.00%             | 2028-01-18      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CO 6.75% 03/15/33  | CHORD ENERGY CORP REGD 144A P/P 6.75000000                                                        | CUSIP: 674215AN8<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    145000 | PA      | $143996.66    | 0.01%             | 2033-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 01/30/31  | AMERICAN EXPRESS CO REGD V/R 5.08500000                                                           | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    440000 | PA      | $446677.97    | 0.03%             | 2031-01-30      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| BX 2024-PAT A V/R 03/15/26      | BX TRUST 2024-PAT SER 2024-PAT CL A V/R REGD 144A P/P 6.41871000                                  | CUSIP: 05612FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    280000 | PA      | $280000.00    | 0.02%             | 2041-03-15      | Variable      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 10/23/35  | GOLDMAN SACHS GROUP INC REGD V/R 5.01600000                                                       | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43549.30     | 0.00%             | 2035-10-23      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRST 6.375% 03/01/34  | BUILDERS FIRSTSOURCE INC REGD 144A P/P 6.37500000                                                 | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64761.53     | 0.00%             | 2034-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| DBJPM 2020-C9 XA V/R 08/15/30   | DBJPM 20-C9 MORTGAGE TRUST SER 2020-C9 CL XA V/R REGD 1.70498100                                  | CUSIP: 233063AW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2034789 | PA      | $88325.73     | 0.01%             | 2053-09-15      | Variable      | 1.70%                 | No            |                  2 | On Loan: No      |
| BWAY 2025-1535 A V/R 05/05/30   | BWAY TRUST 2025-1535 SER 2025-1535 CL A V/R REGD 144A P/P 6.30901000                              | CUSIP: 12430BAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    695000 | PA      | $710474.59    | 0.05%             | 2042-05-05      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| CGMS 2018-4A D1R V/R 10/17/37   | CARLYLE US CLO 2018-4 LTD SER 2018-4A CL D1R V/R REGD 144A P/P 7.37979000                         | CUSIP: 14315RAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $502694.45    | 0.03%             | 2037-10-17      | Variable      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG 8% 08/01/30  | ONT GAMING GTA/OTG CO-IS REGD 144A P/P 8.00000000                                                 | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    130000 | PA      | $128504.21    | 0.01%             | 2030-08-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| FHR 5537 CS V/R 05/25/55        | FREDDIE MAC REMICS SER 5537 CL CS V/R 1.42803000                                                  | CUSIP: 3137HLB68<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1325000 | PA      | $90639.67     | 0.01%             | 2055-05-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP 6.25% 11/01/31      | AVIENT CORP REGD 144A P/P 6.25000000                                                              | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100140.10    | 0.01%             | 2031-11-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| T/L NUMERICABLE U ZCP 08/15/28  | T/L NUMERICABLE U S  LLC 0.00000000                                                               | CUSIP: F6628DAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49074 | PA      | $45078.93     | 0.00%             | 2028-08-15      | Variable      | 9.76%                 | No            |                  2 | On Loan: No      |
| UMBS P#BM4919 4% 11/01/38       | FANNIE MAE POOL UMBS P#BM4919 4.00000000                                                          | CUSIP: 3140J9PD7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    381285 | PA      | $374078.82    | 0.02%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BU 6.125% 01/15/29  | CORNERSTONE BUILDING REGD 144A P/P 6.12500000                                                     | CUSIP: 21925DAA7<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     15000 | PA      | $10888.45     | 0.00%             | 2029-01-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA8307 6% 12/01/52       | FREDDIE MAC POOL UMBS P#RA8307 6.00000000                                                         | CUSIP: 3133KQGQ3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    378533 | PA      | $383914.94    | 0.02%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA II P#4747 5% 07/20/40      | GINNIE MAE II POOL P#4747 5.00000000                                                              | CUSIP: 36202FHY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     74308 | PA      | $74327.46     | 0.00%             | 2040-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP 5% 03/15/27        | NAVIENT CORP REGD 5.00000000                                                                      | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29694.99     | 0.00%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCI 3.75% 07/15/29  | LEVEL 3 FINANCING INC REGD 144A P/P 3.75000000                                                    | CUSIP: 527298BT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $32826.80     | 0.00%             | 2029-07-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VITAL ENERGY I 7.875% 04/15/32  | VITAL ENERGY INC REGD 144A P/P 7.87500000                                                         | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56778.91     | 0.00%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| T/L  RENT-A-CE 0% 02/17/28      | T/L  RENT-A-CENTER INC.        REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     36495 | PA      | $36540.60     | 0.00%             | 2028-02-17      | Variable      | 7.03%                 | No            |                  2 | On Loan: No      |
| FULL HOUSE RESO 8.25% 02/15/28  | FULL HOUSE RESORTS INC REGD 144A P/P 8.25000000                                                   | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38266.61     | 0.00%             | 2028-02-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA6115 2.5% 10/01/51     | FREDDIE MAC POOL UMBS P#RA6115 2.50000000                                                         | CUSIP: 3133KMYL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    287712 | PA      | $236837.92    | 0.02%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC 6.05% 08/15/56         | AT&T INC REGD 6.05000000                                                                          | CUSIP: 00206RMZ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    320000 | PA      | $320652.76    | 0.02%             | 2056-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| JDOT 2023-B A4 5.11% 05/15/30   | JOHN DEERE OWNER TRUST 2023-B SER 2023-B CL A4 REGD 5.11000000                                    | CUSIP: 477920AD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1950000 | PA      | $1969790.36   | 0.13%             | 2030-05-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| T/L SABRE INC 0% 11/15/2029/    | T/L SABRE INC REGD 0.00000000                                                                     | CUSIP: 78571YBK5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     33630 | PA      | $33237.69     | 0.00%             | 2029-11-15      | Variable      | 10.43%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF PE 5.375% 02/08/35  | REPUBLIC OF PERU REGD 5.37500000                                                                  | CUSIP: 715638EB4<br>LEI: N/A                  | Long             | DBT              | USGA              | PE        |    325000 | PA      | $319475.00    | 0.02%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MARS INC 4.6% 03/01/28          | MARS INC REGD 144A P/P 4.60000000                                                                 | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    260000 | PA      | $261210.19    | 0.02%             | 2028-03-01      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| UNITED MEXICAN STA 6% 05/07/36  | UNITED MEXICAN STATES REGD 6.00000000                                                             | CUSIP: 91087BAZ3<br>LEI: N/A                  | Long             | DBT              | USGA              | MX        |   1575000 | PA      | $1507038.75   | 0.10%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| T/L BOXER PAREN 0% 07/30/32     | T/L BOXER PARENT COMPANY INC   REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     15060 | PA      | $14401.45     | 0.00%             | 2032-07-30      | Variable      | 10.08%                | No            |                  2 | On Loan: No      |
| SUN COMMUNITIES  2.7% 07/15/31  | SUN COMMUNITIES OPER LP REGD 2.70000000                                                           | CUSIP: 866677AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $148090.85    | 0.01%             | 2031-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE G 6.5% 03/31/29  | CLOUD SOFTWARE GRP INC REGD 144A P/P 6.50000000                                                   | CUSIP: 88632QAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $64926.87     | 0.00%             | 2029-03-31      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GSMS 2018-TWR E V/R 07/15/21    | GS MORTGAGE SECURITIES CORP TRUST 2018-TWR SER 2018-TWR CL E V/R REGD 144A P/P 6.72600000         | CUSIP: 36251SAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $39960.00     | 0.00%             | 2031-07-15      | Variable      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| KRAFT HEINZ FOOD 5.2% 03/15/32  | KRAFT HEINZ FOODS CO REGD 5.20000000                                                              | CUSIP: 50077LBM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $285866.42    | 0.02%             | 2032-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GMCAR 2023-2 C 5.21% 12/18/28   | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-2 SER 2023-2 CL C REGD 5.21000000         | CUSIP: 362583AG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1512840.15   | 0.10%             | 2028-12-18      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG V/R 05/14/32       | UBS GROUP AG REGD V/R 144A P/P 3.09100000                                                         | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3400000 | PA      | $3043657.25   | 0.19%             | 2032-05-14      | Variable      | 3.09%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL  2.646% 10/04/31  | ATHENE GLOBAL FUNDING REGD 144A P/P MTN 2.64600000                                                | CUSIP: 04685A3E9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    455000 | PA      | $389893.56    | 0.02%             | 2031-10-04      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| T/L GARDA WORLD 0% 02/01/2029/  | T/L GARDA WORLD SECURITY CORP  REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     38095 | PA      | $37936.51     | 0.00%             | 2029-02-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -S 7.5% 12/15/28  | AI CANDELARIA -SPAIN- SA REGD REG S 7.50000000                                                    | CUSIP: E0R75QAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |    177083 | PA      | $174869.35    | 0.01%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GNR 2021-184 IO V/R 12/16/61    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-184 CL IO V/R 0.88476000                        | CUSIP: 38381D5J5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  20838519 | PA      | $1404905.89   | 0.09%             | 2061-12-16      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| TAPESTRY INC 5.1% 03/11/30      | TAPESTRY INC REGD 5.10000000                                                                      | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199951.17    | 0.01%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD1098 2.5% 01/01/52     | FREDDIE MAC POOL UMBS P#SD1098 2.50000000                                                         | CUSIP: 3132DNGF4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   5975518 | PA      | $4934478.74   | 0.31%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4978 5% 04/01/53       | FANNIE MAE POOL UMBS P#MA4978 5.00000000                                                          | CUSIP: 31418EQ86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7933155 | PA      | $7698558.15   | 0.49%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 11/08/32  | JPMORGAN CHASE & CO REGD V/R 2.54500000                                                           | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $4636173.79   | 0.30%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERG 4.625% 10/15/28  | CHENIERE ENERGY INC REGD SER WI 4.62500000                                                        | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    269000 | PA      | $266257.48    | 0.02%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TMUST 2024-2A  4.25% 08/20/27   | T-MOBILE US TRUST 2024-2 SER 2024-2A CL A REGD 144A P/P 4.25000000                                | CUSIP: 87268CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6000000 | PA      | $5988376.20   | 0.38%             | 2029-05-21      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE  7.5% 05/15/31  | ONEMAIN FINANCE CORP REGD 7.50000000                                                              | CUSIP: 682691AF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $128481.06    | 0.01%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC 5.05% 07/12/29     | BROADCOM INC REGD 5.05000000                                                                      | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96701.25     | 0.01%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE B V/R 06/15/32  | OVERSEA-CHINESE BANKING REGD V/R REG S 4.60200000                                                 | CUSIP: Y65738T58<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $199082.46    | 0.01%             | 2032-06-15      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 2.25% 08/15/46     | UNITED STATES TREASURY BOND 2.25000000                                                            | CUSIP: 912810RT7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4065000 | PA      | $2601123.62   | 0.17%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CSFB 2005-9 5A6 5.5% 10/25/35   | CSFB MORTGAGE-BACKED PASS-THROUGH CERTIFICATES SER SER 2005-9 CL 5A6 REGD 5.50000000              | CUSIP: 2254586D5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1305479 | PA      | $651584.71    | 0.04%             | 2035-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#BK3050 2% 09/01/40       | FANNIE MAE POOL UMBS P#BK3050 2.00000000                                                          | CUSIP: 3140HGL88<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    304709 | PA      | $268080.82    | 0.02%             | 2040-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC 5.75% 03/02/63        | AMGEN INC REGD 5.75000000                                                                         | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    230000 | PA      | $217443.26    | 0.01%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FGLMC P#G60910 3% 03/01/42      | FREDDIE MAC GOLD POOL P#G60910 3.00000000                                                         | CUSIP: 31335BAK2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3429965 | PA      | $3070088.22   | 0.20%             | 2042-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHR 5169 IO 3% 09/25/51         | FREDDIE MAC REMICS SER 5169 CL IO 3.00000000                                                      | CUSIP: 3137H4GG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    745335 | PA      | $120374.23    | 0.01%             | 2051-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.375% 05/15/44    | UNITED STATES TREASURY BOND 3.37500000                                                            | CUSIP: 912810RG5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  12905000 | PA      | $10396086.56  | 0.66%             | 2044-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EM 6.625% 12/15/30  | EMRLD BOR / EMRLD CO-ISS REGD 144A P/P 6.62500000                                                 | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $116163.06    | 0.01%             | 2030-12-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| GSMS 2018-TWR D V/R 07/15/21    | GS MORTGAGE SECURITIES CORP TRUST 2018-TWR SER 2018-TWR CL D V/R REGD 144A P/P 6.22600000         | CUSIP: 36251SAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $53920.00     | 0.00%             | 2031-07-15      | Variable      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| VERUS 2021-R2 A1 V/R 02/25/64   | VERUS SECURITIZATION TRUST 2021-R2 SER 2021-R2 CL A1 V/R REGD 144A P/P 0.91800000                 | CUSIP: 92538DAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    232249 | PA      | $214044.47    | 0.01%             | 2064-02-25      | Variable      | 0.92%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA6867 3.5% 09/20/50  | GINNIE MAE II POOL P#MA6867 3.50000000                                                            | CUSIP: 36179VTY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    554200 | PA      | $494725.65    | 0.03%             | 2050-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHS 405 C17 2.5% 08/25/52       | FREDDIE MAC STRIPS SER 405 CL C17 2.50000000                                                      | CUSIP: 3142G5QB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    928203 | PA      | $148287.52    | 0.01%             | 2052-08-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNA 2020-M12 IO V/R 07/25/29    | FANNIE MAE-ACES SER 2020-M12 CL IO V/R 1.28600000                                                 | CUSIP: 3136B87D5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  32293351 | PA      | $1138640.95   | 0.07%             | 2029-07-25      | Variable      | 1.29%                 | No            |                  2 | On Loan: No      |
| CIM 2021-R6 A1 V/R 07/25/61     | CIM TRUST 2021-R6 SER 2021-R6 CL A1 V/R REGD 144A P/P 1.42500000                                  | CUSIP: 12567RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    787797 | PA      | $697437.46    | 0.04%             | 2061-07-25      | Variable      | 1.43%                 | Yes           |                  2 | On Loan: No      |
| FREEDOM MORTGA 8.375% 04/01/32  | FREEDOM MORTGAGE HOLD REGD 144A P/P 8.37500000                                                    | CUSIP: 35641AAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59260.34     | 0.00%             | 2032-04-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT 3.5% 03/01/42  | CHARTER COMM OPT LLC/CAP REGD 3.50000000                                                          | CUSIP: 161175CE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    126000 | PA      | $87141.37     | 0.01%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T/L CENGAGE LE 00.00% 03/24/31  | T/L CENGAGE LEARNING INC. 0.00000000                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     44663 | PA      | $44683.16     | 0.00%             | 2031-03-24      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| VEGAS 2024-TI 5.518% 11/10/27   | VEGAS TRUST 2024-TI SER 2024-TI CL A REGD 144A P/P 5.51830000                                     | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    173000 | PA      | $174562.26    | 0.01%             | 2039-11-10      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| T/L MITCHELL INTER 0% 06/17/31  | T/L MITCHELL INTERNATIONAL INC ZCP REGD TERM LOAN 0.00000000                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     49766 | PA      | $49569.33     | 0.00%             | 2031-06-17      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| WFCM 2019-JWDR C V/R 09/15/26   | WELLS FARGO COMMERCIAL MORTGAGE TRUST SER 2019-JWDR CL C V/R REGD 144A P/P 3.03760000             | CUSIP: 95002NAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    361000 | PA      | $353486.65    | 0.02%             | 2031-09-15      | Variable      | 3.04%                 | Yes           |                  2 | On Loan: No      |
| GOOD 2021-5CS C 3.5% 10/20/48   | GOODLEAP SUSTAINABLE HOME SOLUTIONS TRUST 2021-5 SER 2021-5CS CL C REGD 144A P/P 3.50000000       | CUSIP: 38237HAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1357279 | PA      | $752102.71    | 0.05%             | 2048-10-20      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| PROG 2021-SFR 2.732% 01/17/29   | PROGRESS RESIDENTIAL 2021-SFR11 TRUST SER 2021-SFR11 CL B REGD 144A P/P 2.73200000                | CUSIP: 74333XAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2065000 | PA      | $1901138.53   | 0.12%             | 2039-01-17      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| CAESARS ENTERTAIN  6% 10/15/32  | CAESARS ENTERTAIN INC REGD 144A P/P 6.00000000                                                    | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    155000 | PA      | $148689.66    | 0.01%             | 2032-10-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CHARTER COMM OPT 4.2% 03/15/28  | CHARTER COMM OPT LLC/CAP REGD SER WI 4.20000000                                                   | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $315967.22    | 0.02%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 2.375% 05/15/51    | UNITED STATES TREASURY BOND 2.37500000                                                            | CUSIP: 912810SX7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  29315000 | PA      | $18137511.21  | 1.16%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UMBS P#QU7398 3% 04/01/50       | FREDDIE MAC POOL UMBS P#QU7398 3.00000000                                                         | CUSIP: 3133JLGF0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   4871669 | PA      | $4038699.01   | 0.26%             | 2050-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE S V/R 05/27/31  | CREDIT AGRICOLE SA REGD V/R 144A P/P MTN 5.22200000                                               | CUSIP: 22535WAR8<br>LEI: N/A                  | Long             | DBT              | CORP              | FR        |    665000 | PA      | $670837.48    | 0.04%             | 2031-05-27      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| BUCKEYE PARTNE 6.875% 07/01/29  | BUCKEYE PARTNERS LP REGD 144A P/P 6.87500000                                                      | CUSIP: 118230AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $149086.83    | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| L3HARRIS TECH IN 5.5% 08/15/54  | L3HARRIS TECH INC REGD 5.50000000                                                                 | CUSIP: 502431AV1<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    156000 | PA      | $146671.14    | 0.01%             | 2054-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.25% 12/31/26     | UNITED STATES TREASURY NOTE 4.25000000                                                            | CUSIP: 91282CME8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  18255000 | PA      | $18324169.29  | 1.17%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDING V/R 03/10/31  | DBS GROUP HOLDINGS LTD REGD V/R EMTN SER GMTN 1.82200000                                          | CUSIP: Y20246J57<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $195637.08    | 0.01%             | 2031-03-10      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL 9.875% 02/01/32  | VENTURE GLOBAL LNG INC REGD 144A P/P 9.87500000                                                   | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31915.38     | 0.00%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#ZL6785 3.5% 08/01/43     | FREDDIE MAC POOL UMBS P#ZL6785 3.50000000                                                         | CUSIP: 3131XNRE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    701768 | PA      | $646857.10    | 0.04%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN  6.814% 11/15/40  | MET TRANSPRTN AUTH NY REVENUE REGD N/C B/E 6.81400000                                             | CUSIP: 59259YGF0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    435000 | PA      | $467283.92    | 0.03%             | 2040-11-15      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFI 5.15% 03/17/30  | MACQUARIE AIRFINANCE HLD REGD 144A P/P 5.15000000                                                 | CUSIP: 55609NAE8<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     18000 | PA      | $17729.99     | 0.00%             | 2030-03-17      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2021-NQM5 A V/R 07/25/66   | GCAT 2021-NQM5 TRUST SER 2021-NQM5 CL A1 V/R REGD 144A P/P 1.26200000                             | CUSIP: 36168KAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1034544 | PA      | $863859.25    | 0.06%             | 2066-07-25      | Variable      | 1.26%                 | Yes           |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT 8% 02/01/28  | DEALER TIRE LLC/DT ISSR REGD 144A P/P 8.00000000                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $53749.38     | 0.00%             | 2028-02-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPEL 6.036% 11/15/33  | COLUMBIA PIPELINES OPCO REGD 144A P/P 6.03600000                                                  | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $87491.11     | 0.01%             | 2033-11-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| VDCR 2023-1A B 5.75% 09/15/28   | RETAINED VANTAGE DATA CENTERS ISSUER LLC SER 2023-1A CL B REGD 144A P/P 5.75000000                | CUSIP: 76134KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $484576.45    | 0.03%             | 2048-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WARNERMEDIA HO 5.141% 03/15/52  | WARNERMEDIA HOLDINGS INC REGD SER WI 5.14100000                                                   | CUSIP: 55903VBE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    745000 | PA      | $482952.30    | 0.03%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| FNR 2011-51 TO ZCP 06/25/41     | FANNIE MAE REMICS SER 2011-51 CL TO ZCP 0.00000000                                                | CUSIP: 31397UKE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     99295 | PA      | $74663.33     | 0.00%             | 2041-06-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSH V/R 02/02/35  | HUNTINGTON BANCSHARES REGD V/R 5.70900000                                                         | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76462.56     | 0.00%             | 2035-02-02      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM3 A V/R 05/25/66   | GCAT 2021-NQM3 TRUST SER 2021-NQM3 CL A1 V/R REGD 144A P/P 1.09100000                             | CUSIP: 36167HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    482930 | PA      | $414423.93    | 0.03%             | 2066-05-25      | Variable      | 1.09%                 | Yes           |                  2 | On Loan: No      |
| HEXCEL CORP 5.875% 02/26/35     | HEXCEL CORP REGD 5.87500000                                                                       | CUSIP: 428291AP3<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89844.08     | 0.01%             | 2035-02-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VZMT 2024-8 B 4.82% 11/22/27    | VERIZON MASTER TRUST SER 2024-8 CL B REGD 4.82000000                                              | CUSIP: 92348KDP5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-CBDO         | CORP              | US        |   2695000 | PA      | $2695741.66   | 0.17%             | 2030-11-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| GSMS 2018-GS9 A4 V/R 02/10/28   | GS MORTGAGE SECURITIES TRUST 2018-GS9 SER 2018-GS9 CL A4 V/R REGD 3.99200000                      | CUSIP: 36255NAT2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1370345.90   | 0.09%             | 2051-03-10      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC C 5.2% 03/01/35  | NSTAR ELECTRIC CO REGD 5.20000000                                                                 | CUSIP: 67021CAW7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $267252.01    | 0.02%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP 6.125% 02/15/33   | CARNIVAL CORP REGD 144A P/P 6.12500000                                                            | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54133.35     | 0.00%             | 2033-02-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BM5010 3.5% 02/01/48     | FANNIE MAE POOL UMBS P#BM5010 3.50000000                                                          | CUSIP: 3140J9R86<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    719480 | PA      | $654391.17    | 0.04%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR 4.9% 05/29/30  | WESTINGHOUSE AIR BRAKE REGD 4.90000000                                                            | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    365000 | PA      | $366999.60    | 0.02%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER 3.75% 05/15/30  | ENERGY TRANSFER LP REGD 3.75000000                                                                | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    181000 | PA      | $171252.83    | 0.01%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| T/L KAMAN CORPO 0% 01/30/32     | T/L KAMAN CORPORATION REGD 0.00000000                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    123362 | PA      | $122456.59    | 0.01%             | 2032-01-30      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC 8% 10/01/29  | MATIV HOLDINGS INC REGD 144A P/P 8.00000000                                                       | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21328.23     | 0.00%             | 2029-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM3664 4% 03/01/49       | FANNIE MAE POOL UMBS P#FM3664 4.00000000                                                          | CUSIP: 3140X7CA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2008042 | PA      | $1872329.77   | 0.12%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNR 2022-80 IO V/R 06/16/64     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-80 CL IO V/R 0.59371000                         | CUSIP: 38381E5K0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  30378719 | PA      | $1338182.58   | 0.09%             | 2064-06-16      | Variable      | 0.59%                 | No            |                  2 | On Loan: No      |
| MP21 2021-3A A1 V/R 10/17/34    | MARBLE POINT CLO XXI LTD SER 2021-3A CL A1 V/R REGD 144A P/P 5.78140000                           | CUSIP: 56606KAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000957.40   | 0.06%             | 2034-10-17      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| MILLICOM INTL C 6.25% 03/25/29  | MILLICOM INTL CELLULAR REGD REG S 6.25000000                                                      | CUSIP: L6388GHV5<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    180000 | PA      | $179506.55    | 0.01%             | 2029-03-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFO 6.548% 05/15/48  | UNIV OF CALIFORNIA CA RGTS MED REGD N/C B/E 6.54800000                                            | CUSIP: 913366EP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21035.49     | 0.00%             | 2048-05-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| MF1 2022-FL8 AS V/R 02/19/37    | MF1 2022-FL8 LTD SER 2022-FL8 CL AS V/R REGD 144A P/P 6.07438000                                  | CUSIP: 55284JAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    845000 | PA      | $843078.47    | 0.05%             | 2037-02-19      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| BATLN 2021-21A B V/R 07/15/34   | BATTALION CLO XXI LTD SER 2021-21A CL B V/R REGD 144A P/P 6.26771000                              | CUSIP: 07134WAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501015.00    | 0.03%             | 2034-07-15      | Variable      | 6.27%                 | Yes           |                  2 | On Loan: No      |
| LMAT 2021-GS3 A1 V/R 07/25/61   | LEGACY MORTGAGE ASSET TRUST 2021-GS3 SER 2021-GS3 CL A1 V/R REGD 144A P/P 5.75000000              | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    383517 | PA      | $381974.79    | 0.02%             | 2061-07-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD1460 3% 05/01/52       | FREDDIE MAC POOL UMBS P#SD1460 3.00000000                                                         | CUSIP: 3132DNTR4<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6941857 | PA      | $5988901.75   | 0.38%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD1181 3% 06/01/52       | FREDDIE MAC POOL UMBS P#SD1181 3.00000000                                                         | CUSIP: 3132DNJ20<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6188869 | PA      | $5279736.63   | 0.34%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANCO INDUSTRIAL  V/R 01/29/31  | BANCO INDUSTRIAL SA REGD V/R REG S 4.87500000                                                     | CUSIP: P13458AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | GT        |    300000 | PA      | $294000.01    | 0.02%             | 2031-01-29      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| FHMS K064 X1 V/R 03/25/27       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K064 CL X1 V/R 0.58858800             | CUSIP: 3137BXR20<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        | 101691334 | PA      | $891568.60    | 0.06%             | 2027-03-25      | Variable      | 0.59%                 | No            |                  2 | On Loan: No      |
| GNR 2021-30 IB 2.5% 02/20/51    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-30 CL IB 2.50000000                             | CUSIP: 38382NXY8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  12216963 | PA      | $1809530.15   | 0.12%             | 2051-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UKG INC 6.875% 02/01/31         | UKG INC REGD 144A P/P 6.87500000                                                                  | CUSIP: 90279XAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $108191.48    | 0.01%             | 2031-02-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB4917 5.5% 10/01/52     | FANNIE MAE POOL UMBS P#CB4917 5.50000000                                                          | CUSIP: 3140QQPB5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    373550 | PA      | $371987.70    | 0.02%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 3.0% JUNE 25      | FNMA 30YR TBA 3.0% JUNE 25     TO BE ANNOUNCED 3.00000000                                         | CUSIP: 01F030660<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |  -4040000 | PA      | $-3436994.12  | -0.22%            | 2055-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 2.375% 03/31/29    | UNITED STATES TREASURY NOTE 2.37500000                                                            | CUSIP: 91282CEE7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  27090000 | PA      | $25616981.25  | 1.63%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDI 5.2% 06/01/34  | SOUTHERN CAL EDISON REGD 5.20000000                                                               | CUSIP: 842400HZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $244213.41    | 0.02%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME  5.125% 04/15/35  | REALTY INCOME CORP REGD 5.12500000                                                                | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    363000 | PA      | $358844.62    | 0.02%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-5 A1 V/R 09/25/66    | VERUS SECURITIZATION TRUST 2021-5 SER 2021-5 CL A1 V/R REGD 144A P/P 1.01300000                   | CUSIP: 92538KAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    864381 | PA      | $737664.63    | 0.05%             | 2066-09-25      | Variable      | 1.01%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB1146 3% 07/01/51       | FANNIE MAE POOL UMBS P#CB1146 3.00000000                                                          | CUSIP: 3140QLHY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    587440 | PA      | $503691.71    | 0.03%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CWALT 2007-9T1 2A 6% 05/25/37   | ALTERNATIVE LOAN TRUST 2007-9T1 SER 2007-9T1 CL 2A2 REGD 6.00000000                               | CUSIP: 02150JAU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6452768 | PA      | $2746001.06   | 0.18%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GL 4.625% 05/28/28  | LINCOLN FIN GLBL FUNDING REGD 144A P/P 4.62500000                                                 | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180364.29    | 0.01%             | 2028-05-28      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| SCFET 2024-1A  5.52% 10/20/28   | SCF EQUIPMENT LEASING 2024-1 LLC SER 2024-1A CL A3 REGD 144A P/P 5.52000000                       | CUSIP: 783896AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    285000 | PA      | $291892.90    | 0.02%             | 2032-01-20      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| VICTRA HLDG/VIC 8.75% 09/15/29  | VICTRA HLDG/VICTRA FIN REGD 144A P/P 8.75000000                                                   | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $86791.72     | 0.01%             | 2029-09-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| KAISER FOUNDATI 2.81% 06/01/41  | KAISER FOUNDATION HOSPIT REGD SER 2021 2.81000000                                                 | CUSIP: 48305QAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $62428.64     | 0.00%             | 2041-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM9210 3% 10/01/51       | FANNIE MAE POOL UMBS P#FM9210 3.00000000                                                          | CUSIP: 3140XDGU4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    116990 | PA      | $100495.24    | 0.01%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T/L MIWD HOLDCO 0% 03/28/31     | T/L MIWD HOLDCO II LLC REGD    ZCP TERM LOAN 0.00000000                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     45000 | PA      | $44866.35     | 0.00%             | 2031-03-28      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2135 4% 11/01/49       | FANNIE MAE POOL UMBS P#FS2135 4.00000000                                                          | CUSIP: 3140XHLR6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1626070 | PA      | $1516806.39   | 0.10%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 5% JUN 25         | FNMA 30YR TBA 5% JUN 25        TO BE ANNOUNCED 5.00000000                                         | CUSIP: 01F050668<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |   -295000 | PA      | $-285517.57   | -0.02%            | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LNCR 2025-CRE8 A V/R 11/01/29   | LOANCORE 2025 2025-CRE8 ISSUER LLC SER 2025-CRE8 CL A V/R REGD 144A P/P 5.71174000                | CUSIP: 53947FAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $318814.24    | 0.02%             | 2042-08-17      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| HUSKY INJECTION /  9% 02/15/29  | HUSKY INJECTION / TITAN REGD 144A P/P 9.00000000                                                  | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    155000 | PA      | $158411.40    | 0.01%             | 2029-02-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| KODIAK GAS SERV 7.25% 02/15/29  | KODIAK GAS SERVICES LLC REGD 144A P/P 7.25000000                                                  | CUSIP: 50012LAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $128101.63    | 0.01%             | 2029-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#AR9215 3% 03/01/43       | FANNIE MAE POOL UMBS P#AR9215 3.00000000                                                          | CUSIP: 3138W7GZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3069059 | PA      | $2730552.50   | 0.17%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM9115 2% 10/01/41       | FANNIE MAE POOL UMBS P#FM9115 2.00000000                                                          | CUSIP: 3140XDDV5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    146725 | PA      | $123591.56    | 0.01%             | 2041-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MARS INC 5.65% 05/01/45         | MARS INC REGD 144A P/P 5.65000000                                                                 | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    290000 | PA      | $284499.37    | 0.02%             | 2045-05-01      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| BX 2021-21M A V/R 10/15/26      | BX COMMERCIAL MORTGAGE TRUST 2021-21M SER 2021-21M CL A V/R REGD 144A P/P 5.17348000              | CUSIP: 05609CAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    118422 | PA      | $117978.34    | 0.01%             | 2036-10-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD3118 4% 08/01/51       | FREDDIE MAC POOL UMBS P#SD3118 4.00000000                                                         | CUSIP: 3132DQPB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1296521 | PA      | $1208338.65   | 0.08%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP 5.375% 11/15/54   | AMPHENOL CORP REGD 5.37500000                                                                     | CUSIP: 032095AS0<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |     72000 | PA      | $68677.67     | 0.00%             | 2054-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BMO 2024-C9 XA V/R 07/15/34     | BMO 2024-C9 MORTGAGE TRUST SER 2024-C9 CL XA V/R REGD 0.86087300                                  | CUSIP: 05593MAF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3407352 | PA      | $221352.17    | 0.01%             | 2057-07-15      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| CARVANA CO 9% 12/01/28          | CARVANA CO REGD 144A P/P 9.00000000                                                               | CUSIP: 146869AL6<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     38411 | PA      | $39466.57     | 0.00%             | 2028-12-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FHR 4751 PL 3% 12/15/47         | FREDDIE MAC REMICS SER 4751 CL PL 3.00000000                                                      | CUSIP: 3137FDB35<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    161375 | PA      | $124130.33    | 0.01%             | 2047-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 4.625% 05/15/44    | UNITED STATES TREASURY BOND 4.62500000                                                            | CUSIP: 912810UB2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    980000 | PA      | $943479.69    | 0.06%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS8558 4% 05/01/51       | FANNIE MAE POOL UMBS P#FS8558 4.00000000                                                          | CUSIP: 3140XQQL4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4148591 | PA      | $3871808.23   | 0.25%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNR 2019-5 JI 5% 07/16/44       | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2019-5 CL JI 5.00000000                              | CUSIP: 38381BD76<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    393996 | PA      | $55964.74     | 0.00%             | 2044-07-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#BT7341 2% 09/01/36       | FANNIE MAE POOL UMBS P#BT7341 2.00000000                                                          | CUSIP: 3140LWEP8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    281142 | PA      | $256498.17    | 0.02%             | 2036-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BELL 2021-1A  2.542% 08/25/31   | TACO BELL FUNDING LLC SER 2021-1A CL A23 REGD 144A P/P 2.54200000                                 | CUSIP: 87342RAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1473750 | PA      | $1258526.35   | 0.08%             | 2051-08-25      | Fixed         | 2.54%                 | Yes           |                  2 | On Loan: No      |
| ARTHUR J GALLAG 4.85% 12/15/29  | ARTHUR J GALLAGHER & CO REGD 4.85000000                                                           | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90702.27     | 0.01%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO  V/R 09/30/31  | BANCO DE CREDITO DEL PER REGD V/R EMTN 3.25000000                                                 | CUSIP: 05971V2D6<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    450000 | PA      | $436379.00    | 0.03%             | 2031-09-30      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CGCMT 2015-GC35  V/R 11/10/48   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC35 SER 2015-GC35 CL XA V/R REGD 0.70398700             | CUSIP: 17324KAV0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  29334393 | PA      | $84113.44     | 0.01%             | 2048-11-10      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-2 A1 V/R 02/25/66    | VERUS SECURITIZATION TRUST 2021-2 SER 2021-2 CL A1 V/R REGD 144A P/P 1.03100000                   | CUSIP: 92538FAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    197011 | PA      | $173678.60    | 0.01%             | 2066-02-25      | Variable      | 1.03%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA7057 3.5% 09/01/50     | FANNIE MAE POOL UMBS P#CA7057 3.50000000                                                          | CUSIP: 3140QEZX3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    147956 | PA      | $133651.70    | 0.01%             | 2050-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BCC 2023-4A B V/R 10/21/36      | BAIN CAPITAL CREDIT CLO 2023-4 LTD SER 2023-4A CL B V/R REGD 144A P/P 6.76947000                  | CUSIP: 05685EAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1045000 | PA      | $1050141.30   | 0.07%             | 2036-10-21      | Variable      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| T/L THE EDELMAN FI 0% 10/06/28  | T/L THE EDELMAN FINANCIAL      ENGINES CENTER LLC REGD 0.00000000                                 | CUSIP: 27943TAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     50000 | PA      | $49781.50     | 0.00%             | 2028-10-06      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC 5.5% 01/15/55  | T-MOBILE USA INC REGD 5.50000000                                                                  | CUSIP: 87264ADG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    394000 | PA      | $364210.53    | 0.02%             | 2055-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EFMT 2021-2 A1 V/R 06/25/66     | ELLINGTON FINANCIAL MORTGAGE TRUST 2021-2 SER 2021-2 CL A1 V/R REGD 144A P/P 0.93100000           | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    191980 | PA      | $158475.11    | 0.01%             | 2066-06-25      | Variable      | 0.93%                 | Yes           |                  2 | On Loan: No      |
| LEX 2024-BBG A V/R 10/13/28     | LEX 2024-BBG MORTGAGE TRUST SER 2024-BBG CL A V/R REGD 144A P/P 4.87362000                        | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    295000 | PA      | $294267.57    | 0.02%             | 2033-10-13      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| DISH DBS CORP 5.75% 12/01/28    | DISH DBS CORP REGD 144A P/P 5.75000000                                                            | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $93090.47     | 0.01%             | 2028-12-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| THE CAMPBELLS CO 5.4% 03/21/34  | THE CAMPBELLS COMPANY REGD 5.40000000                                                             | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     72000 | PA      | $71810.79     | 0.00%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF 3.2% 12/01/51  | CON EDISON CO OF NY INC REGD 3.20000000                                                           | CUSIP: 209111GC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $256566.32    | 0.02%             | 2051-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| VERUS 2022-1 A1 V/R 01/25/67    | VERUS SECURITIZATION TRUST 2022-1 SER 2022-1 CL A1 V/R REGD 144A P/P 2.72400000                   | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    782360 | PA      | $720790.41    | 0.05%             | 2067-01-25      | Variable      | 2.72%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD8183 2.5% 12/01/51     | FREDDIE MAC POOL UMBS P#SD8183 2.50000000                                                         | CUSIP: 3132DWCU5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   5411485 | PA      | $4427162.70   | 0.28%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 4% 11/15/52        | UNITED STATES TREASURY BOND 4.00000000                                                            | CUSIP: 912810TL2<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2801600 | PA      | $2397666.18   | 0.15%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOFI 2018-B BF 3.83% 01/25/27   | SOFI PROFESSIONAL LOAN PROGRAM 2018-B TRUST SER 2018-B CL BFX REGD 144A P/P 3.83000000            | CUSIP: 83404RAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $955326.40    | 0.06%             | 2047-08-25      | Fixed         | 3.83%                 | Yes           |                  2 | On Loan: No      |
| EART 2021-1A D 1.08% 01/15/25   | EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2 SER 2021-1A CL D REGD 1.08000000                       | CUSIP: 30166RAF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     38918 | PA      | $38822.66     | 0.00%             | 2026-11-16      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| FHR 3835 FO ZCP 04/15/41        | FREDDIE MAC REMICS SER 3835 CL FO ZCP 0.00000000                                                  | CUSIP: 3137A9WQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    529173 | PA      | $408926.11    | 0.03%             | 2041-04-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| T/L SABRE INC 0% 11/15/29       | T/L SABRE INC REGD 0.00000000                                                                     | CUSIP: 78571YBL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     14648 | PA      | $13805.47     | 0.00%             | 2029-11-15      | Variable      | 10.43%                | No            |                  2 | On Loan: No      |
| SIDC 2023-2A A2 5.9% 07/25/28   | STACK INFRASTRUCTURE ISSUER LLC SER 2023-2A CL A2 REGD 144A P/P 5.90000000                        | CUSIP: 85236KAH5<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-CBDO         | CORP              | US        |    590000 | PA      | $593515.28    | 0.04%             | 2048-07-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| HESS CORP 7.125% 03/15/33       | HESS CORP REGD 7.12500000                                                                         | CUSIP: 023551AM6<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    323000 | PA      | $359982.89    | 0.02%             | 2033-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CANACOL ENERGY  5.75% 11/24/28  | CANACOL ENERGY LTD REGD REG S 5.75000000                                                          | CUSIP: U13518AC6<br>LEI: 549300X5MNRWPMSM9N14 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $88000.00     | 0.01%             | 2028-11-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AOMT 2021-2 A1 V/R 04/25/25     | ANGEL OAK MORTGAGE TRUST 2021-2 SER 2021-2 CL A1 V/R REGD 144A P/P 0.98500000                     | CUSIP: 03465DAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    267473 | PA      | $227113.42    | 0.01%             | 2066-04-25      | Variable      | 0.98%                 | Yes           |                  2 | On Loan: No      |
| ONEOK INC 5.05% 11/01/34        | ONEOK INC REGD 5.05000000                                                                         | CUSIP: 682680CE1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    350000 | PA      | $333479.58    | 0.02%             | 2034-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS 2.3% 05/15/30  | SHERWIN-WILLIAMS CO REGD 2.30000000                                                               | CUSIP: 824348BL9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    345000 | PA      | $308014.74    | 0.02%             | 2030-05-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALT 5.125% 02/15/53  | ELEVANCE HEALTH INC REGD 5.12500000                                                               | CUSIP: 28622HAC5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    298000 | PA      | $259009.32    | 0.02%             | 2053-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA7195 3.5% 02/20/51  | GINNIE MAE II POOL P#MA7195 3.50000000                                                            | CUSIP: 36179V7G9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    461958 | PA      | $412350.26    | 0.03%             | 2051-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZA6520 4% 04/01/49       | FREDDIE MAC POOL UMBS P#ZA6520 4.00000000                                                         | CUSIP: 31329QG54<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    379710 | PA      | $352870.71    | 0.02%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T/L GBT GROUP 0% 07/28/2031/    | T/L GBT GROUP SERVICES B V     REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     49875 | PA      | $49812.66     | 0.00%             | 2031-07-28      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC 9.5% 12/15/31     | COMMSCOPE LLC REGD 144A P/P 9.50000000                                                            | CUSIP: 20338MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $41576.72     | 0.00%             | 2031-12-15      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA6902 2% 09/01/50       | FANNIE MAE POOL UMBS P#CA6902 2.00000000                                                          | CUSIP: 3140QEU42<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1139708 | PA      | $898205.58    | 0.06%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY  2.25% 06/01/30  | NEXTERA ENERGY CAPITAL REGD 2.25000000                                                            | CUSIP: 65339KBR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    860000 | PA      | $764804.03    | 0.05%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA I 3.875% 04/15/30  | T-MOBILE USA INC REGD SER WI 3.87500000                                                           | CUSIP: 87264ABF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $284458.83    | 0.02%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UMBS P#CA6740 3% 08/01/50       | FANNIE MAE POOL UMBS P#CA6740 3.00000000                                                          | CUSIP: 3140QEP22<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    423632 | PA      | $361961.13    | 0.02%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN I 6.25% 01/15/33  | IRON MOUNTAIN INC REGD 144A P/P 6.25000000                                                        | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20187.84     | 0.00%             | 2033-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| BOSTON GAS COM 3.757% 03/16/32  | BOSTON GAS COMPANY REGD 144A P/P 3.75700000                                                       | CUSIP: 100743AM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $67869.62     | 0.00%             | 2032-03-16      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| KEURIG DR PEPPER 4.6% 05/15/30  | KEURIG DR PEPPER INC REGD 4.60000000                                                              | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    295000 | PA      | $293636.21    | 0.02%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GNR 2022-213 DO ZCP 01/20/52    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2022-213 CL DO ZCP 0.00000000                        | CUSIP: 38383LR69<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6531703 | PA      | $2391568.03   | 0.15%             | 2052-01-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS3771 4.5% 12/01/37     | FANNIE MAE POOL UMBS P#FS3771 4.50000000                                                          | CUSIP: 3140XKFM7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    293334 | PA      | $290228.98    | 0.02%             | 2037-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TMUST 2024-1A  5.05% 02/22/27   | T-MOBILE US TRUST 2024-1 SER 2024-1A CL A REGD 144A P/P 5.05000000                                | CUSIP: 87267RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2300000 | PA      | $2315085.24   | 0.15%             | 2029-09-20      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| ORAZUL ENERGY  5.625% 04/28/27  | ORAZUL ENERGY PERU SA REGD REG S 5.62500000                                                       | CUSIP: P7372BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |    200000 | PA      | $196300.00    | 0.01%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SGR 2021-1 A1 V/R 07/25/61      | SG RESIDENTIAL MORTGAGE TRUST 2021-1 SER 2021-1 CL A1 V/R REGD 144A P/P 1.16000000                | CUSIP: 784212AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    753406 | PA      | $618071.68    | 0.04%             | 2061-07-25      | Variable      | 1.16%                 | Yes           |                  2 | On Loan: No      |
| BANK 2017-BNK4 X V/R 05/15/50   | BANK 2017-BNK4 SER 2017-BNK4 CL XA V/R REGD 1.32775400                                            | CUSIP: 06541FBB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9736698 | PA      | $192882.03    | 0.01%             | 2050-05-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/R 6.5% 06/15/33  | RHP HOTEL PPTY/RHP FINAN REGD 144A P/P 6.50000000                                                 | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $81361.14     | 0.01%             | 2033-06-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GMCAR 2023-3 C 5.92% 03/16/27   | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-3 SER 2023-3 CL C REGD 5.92000000         | CUSIP: 36267KAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2290000 | PA      | $2337369.57   | 0.15%             | 2029-02-16      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOL 5.05% 03/15/42  | WARNERMEDIA HOLDINGS INC REGD SER WI 5.05000000                                                   | CUSIP: 55903VBD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $323697.38    | 0.02%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMO 5.75% 11/20/26  | O'REILLY AUTOMOTIVE INC REGD 5.75000000                                                           | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |     70000 | PA      | $71185.82     | 0.00%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS C 3.8% 03/15/52  | CONOCOPHILLIPS COMPANY REGD 3.80000000                                                            | CUSIP: 20826FAV8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    261000 | PA      | $182687.61    | 0.01%             | 2052-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS I 4.75% 11/01/31  | PHILIP MORRIS INTL INC REGD 4.75000000                                                            | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179550.15    | 0.01%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUMANA INC 5.55% 05/01/35       | HUMANA INC REGD 5.55000000                                                                        | CUSIP: 444859CD2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    345000 | PA      | $338847.64    | 0.02%             | 2035-05-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GCC SAB DE CV 3.614% 04/20/32   | GCC SAB DE CV REGD REG S 3.61400000                                                               | CUSIP: P47465AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $174514.14    | 0.01%             | 2032-04-20      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| T/L CENTRAL PAREN ZCP 07/06/29  | T/L CENTRAL PARENT LLC REGD    ZCP TERM LOAN 0.00000000                                           | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     19950 | PA      | $17723.27     | 0.00%             | 2029-07-06      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3% 02/15/48        | UNITED STATES TREASURY BOND 3.00000000                                                            | CUSIP: 912810SA7<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   8500000 | PA      | $6173457.01   | 0.39%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY COR 5.45% 06/15/34  | DUKE ENERGY CORP REGD 5.45000000                                                                  | CUSIP: 26441CCE3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85779.57     | 0.01%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & PO 5% 01/15/34  | VIRGINIA ELEC & POWER CO REGD 5.00000000                                                          | CUSIP: 927804GP3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $499839.21    | 0.03%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CEDR 2022-SNAI A V/R 02/15/27   | CEDR COMMERCIAL MORTGAGE TRUST 2022-SNAI SER 2022-SNAI CL A V/R REGD 144A P/P 5.31711000          | CUSIP: 12524AAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    240000 | PA      | $233401.15    | 0.01%             | 2039-02-15      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| MF1 2024-FL15 A V/R 08/18/41    | MF1 2024-FL15 SER 2024-FL15 CL A V/R REGD 144A P/P 6.01470000                                     | CUSIP: 58003MAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $361111.64    | 0.02%             | 2041-08-18      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 3.625% 05/15/53    | UNITED STATES TREASURY BOND 3.62500000                                                            | CUSIP: 912810TR9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   5797000 | PA      | $4624692.63   | 0.29%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZS9972 3% 03/01/42       | FREDDIE MAC POOL UMBS P#ZS9972 3.00000000                                                         | CUSIP: 3132ABCH3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    148632 | PA      | $132861.52    | 0.01%             | 2042-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION 6.25% 03/01/30  | NCL CORPORATION LTD REGD 144A P/P 6.25000000                                                      | CUSIP: 62886HBP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $14839.31     | 0.00%             | 2030-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| JPMCC 2022-NLP A V/R 04/15/27   | J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURI SER 2022-NLP CL A V/R REGD 144A P/P 5.17521000       | CUSIP: 466317AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    292884 | PA      | $287758.40    | 0.02%             | 2037-04-15      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD3209 2.5% 04/01/52     | FREDDIE MAC POOL UMBS P#SD3209 2.50000000                                                         | CUSIP: 3132DQR65<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    812489 | PA      | $666443.69    | 0.04%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 03/02/33  | WELLS FARGO & COMPANY REGD V/R MTN 3.35000000                                                     | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    900000 | PA      | $807231.32    | 0.05%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| BBCMS 2020-C7 XA V/R 02/15/30   | BBCMS MORTGAGE TRUST 2020-C7 SER 2020-C7 CL XA V/R REGD 1.59289400                                | CUSIP: 05492VAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1423199 | PA      | $69987.23     | 0.00%             | 2053-04-15      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 01/24/31  | BANK OF AMERICA CORP REGD V/R 5.16200000                                                          | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157296.54    | 0.01%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| ROMANIA 7.5% 02/10/37           | ROMANIA REGD 144A P/P 7.50000000                                                                  | CUSIP: 77586RAW0<br>LEI: N/A                  | Long             | DBT              | USGA              | RO        |    166000 | PA      | $166520.36    | 0.01%             | 2037-02-10      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VAR ENERGI ASA 5.875% 05/22/30  | VAR ENERGI ASA REGD 144A P/P 5.87500000                                                           | CUSIP: 92212WAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | NO        |    200000 | PA      | $202255.57    | 0.01%             | 2030-05-22      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| STWD 2021-FL2 A V/R 03/18/25    | STWD 2021-FL2 LTD SER 2021-FL2 CL A V/R REGD 144A P/P 5.64315000                                  | CUSIP: 78486BAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    243744 | PA      | $241570.19    | 0.02%             | 2038-04-18      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA6284 3.5% 11/20/49  | GINNIE MAE II POOL P#MA6284 3.50000000                                                            | CUSIP: 36179U6V9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    492152 | PA      | $438962.22    | 0.03%             | 2049-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMARK 2023-B39 X V/R 01/15/33   | BENCHMARK 2023-B39 MORTGAGE TRUST SER 2023-B39 CL XA V/R REGD 0.57323400                          | CUSIP: 081925AF6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6203447 | PA      | $229998.38    | 0.01%             | 2056-07-15      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| NY 2025-299P A V/R 02/10/35     | NY COMMERCIAL MORTGAGE TRUST 2025-299P SER 2025-299P CL A V/R REGD 144A P/P 5.66371000            | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    195000 | PA      | $199006.22    | 0.01%             | 2047-02-10      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FM6887 2.5% 05/01/51     | FANNIE MAE POOL UMBS P#FM6887 2.50000000                                                          | CUSIP: 3140XAUM2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    405530 | PA      | $336633.00    | 0.02%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNR 2020-35 AI 3% 06/25/50      | FANNIE MAE REMICS SER 2020-35 CL AI 3.00000000                                                    | CUSIP: 3136BALN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    332085 | PA      | $53604.64     | 0.00%             | 2050-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDU 5.75% 08/01/28  | MCGRAW-HILL EDUCATION REGD 144A P/P 5.75000000                                                    | CUSIP: 57767XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $59266.69     | 0.00%             | 2028-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| PREMIER ENTERT 5.625% 09/01/29  | PREMIER ENTERTAINMENT SU REGD 144A P/P 5.62500000                                                 | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $19875.00     | 0.00%             | 2029-09-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE  6% 04/15/27  | SUNOCO LP/FINANCE CORP REGD SER WI 6.00000000                                                     | CUSIP: 86765LAQ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54970.63     | 0.00%             | 2027-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AM 8.5% 01/31/27  | BAUSCH HEALTH AMERICAS REGD P/P 8.50000000                                                        | CUSIP: 91911XAW4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $18850.00     | 0.00%             | 2027-01-31      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| CCO HLDGS LLC/ 5.125% 05/01/27  | CCO HLDGS LLC/CAP CORP REGD 144A P/P 5.12500000                                                   | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $113813.60    | 0.01%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BBCMS 2025-C32 X V/R 02/15/62   | BBCMS MORTGAGE TRUST 2025-C32 SER 2025-C32 CL XA V/R REGD 1.12927600                              | CUSIP: 07337AAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1959099 | PA      | $167201.87    | 0.01%             | 2062-02-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| RTX CORP 5.75% 11/08/26         | RTX CORP REGD 5.75000000                                                                          | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157661.99    | 0.01%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERG 5.05% 05/15/35  | CONSUMERS ENERGY CO REGD 5.05000000                                                               | CUSIP: 210518DZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99404.28     | 0.01%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS4605 2.5% 07/01/50     | FANNIE MAE POOL UMBS P#FS4605 2.50000000                                                          | CUSIP: 3140XLDK1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    230249 | PA      | $190549.55    | 0.01%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL  6.75% 05/15/28  | CLARIOS GLOBAL LP/US FIN REGD 144A P/P 6.75000000                                                 | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $142640.68    | 0.01%             | 2028-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| NXPT 2024-STOR A V/R 11/05/29   | NXPT COMMERCIAL MORTGAGE TRUST 2024-STOR SER 2024-STOR CL A V/R REGD 144A P/P 4.45530000          | CUSIP: 67119YAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2650000 | PA      | $2585627.26   | 0.16%             | 2041-11-05      | Variable      | 4.46%                 | Yes           |                  2 | On Loan: No      |
| F/C US 2YR NOTE (CBT) SEP25     | FUTURE CONTRACT ON           US 2YR NOTE (CBT) SEP25 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       119 | NC      | $24685062.50  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| T/L BROADSTREET  0% 06/13/2031  | T/L BROADSTREET PARTNERS INS   REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     64512 | PA      | $64558.95     | 0.00%             | 2031-06-13      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| GNR 2021-58 SL V/R 04/20/51     | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-58 CL SL V/R 0.00000000                         | CUSIP: 38382RCV8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  14025867 | PA      | $460728.70    | 0.03%             | 2051-04-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC 10.5% 07/15/29   | GRAY MEDIA INC REGD 144A P/P 10.50000000                                                          | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53176.05     | 0.00%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| UMBS P#SD8324 5.5% 05/01/53     | FREDDIE MAC POOL UMBS P#SD8324 5.50000000                                                         | CUSIP: 3132DWG98<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6245354 | PA      | $6192713.39   | 0.39%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SDART 2023-1 B 4.98% 11/17/25   | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2023-1 SER 2023-1 CL B REGD 4.98000000                     | CUSIP: 80287GAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    152088 | PA      | $152117.80    | 0.01%             | 2028-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS1862 2.5% 03/01/52     | FANNIE MAE POOL UMBS P#FS1862 2.50000000                                                          | CUSIP: 3140XHB89<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    298228 | PA      | $245242.74    | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PROG 2024-SFR2  3.3% 04/17/29   | PROGRESS RESIDENTIAL 2024-SFR2 TRUST SER 2024-SFR2 CL A REGD 144A P/P 3.30000000                  | CUSIP: 74290XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    466692 | PA      | $440757.25    | 0.03%             | 2041-04-17      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| BANK 2024-BNK47  V/R 06/15/57   | BANK 2024-BNK47 SER 2024-BNK47 CL XA V/R REGD 0.82182200                                          | CUSIP: 06540GAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3455755 | PA      | $199541.84    | 0.01%             | 2057-06-15      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| GSMS 2018-TWR F V/R 07/15/21    | GS MORTGAGE SECURITIES CORP TRUST 2018-TWR SER 2018-TWR CL F V/R REGD 144A P/P 7.42600000         | CUSIP: 36251SAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $36000.00     | 0.00%             | 2031-07-15      | Variable      | 7.43%                 | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERG 5.5% 01/01/34  | EVERSOURCE ENERGY REGD 5.50000000                                                                 | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    467000 | PA      | $465811.99    | 0.03%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 01/22/31     | MORGAN STANLEY REGD V/R MTN SER GMTN 2.69900000                                                   | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1382058.02   | 0.09%             | 2031-01-22      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| RALI 2005-QS13  5.5% 09/25/35   | RALI SERIES 2005-QS13 TRUST SER 2005-QS13 CL 1A3 REGD 5.50000000                                  | CUSIP: 761118GU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    842775 | PA      | $666991.14    | 0.04%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEAS 8.75% 09/01/27  | GLOBAL AIR LEASE CO LTD REGD 144A P/P 8.75000000                                                  | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    285000 | PA      | $288202.03    | 0.02%             | 2027-09-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| GNR 2021-77 EA 1% 07/20/50      | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-77 CL EA 1.00000000                             | CUSIP: 38382QZ86<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3904298 | PA      | $2954939.65   | 0.19%             | 2050-07-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FFML 2007-FF2 A1 V/R 03/25/37   | FIRST FRANKLIN MORTGAGE LOAN TRUST SERIES 2007-FF2 SER 2007-FF2 CL A1 V/R REGD 4.71920000         | CUSIP: 32029GAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4855917 | PA      | $2495878.52   | 0.16%             | 2037-03-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V9 5.601% 08/15/29   | BENCHMARK 2024-V9 MORTGAGE TRUST SER 2024-V9 CL A3 REGD 5.60190000                                | CUSIP: 081919AN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    358000 | PA      | $367919.79    | 0.02%             | 2057-08-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4208 2% 12/01/50       | FANNIE MAE POOL UMBS P#MA4208 2.00000000                                                          | CUSIP: 31418DVA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    474173 | PA      | $371934.79    | 0.02%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 05/13/31  | HSBC HOLDINGS PLC REGD V/R 5.24000000                                                             | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $602706.41    | 0.04%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP 3.75% 04/01/30  | CVS HEALTH CORP REGD 3.75000000                                                                   | CUSIP: 126650DJ6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47314.85     | 0.00%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB5300 5.5% 12/01/52     | FANNIE MAE POOL UMBS P#CB5300 5.50000000                                                          | CUSIP: 3140QQ3J2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1261874 | PA      | $1253496.88   | 0.08%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX 2022-LP2 A V/R 02/15/24      | BX COMMERCIAL MORTGAGE TRUST 2022-LP2 SER 2022-LP2 CL A V/R REGD 144A P/P 5.34161000              | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    211890 | PA      | $211492.57    | 0.01%             | 2039-02-15      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| EART 2021-1A E 2.21% 02/18/25   | EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2 SER 2021-1A CL E REGD 144A P/P 2.21000000              | CUSIP: 30166RAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $889704.63    | 0.06%             | 2028-02-15      | Fixed         | 2.21%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB0440 2.5% 05/01/51     | FANNIE MAE POOL UMBS P#CB0440 2.50000000                                                          | CUSIP: 3140QKP28<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1775745 | PA      | $1472416.87   | 0.09%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC 3.45% 01/15/50    | AEP TEXAS INC REGD SER H 3.45000000                                                               | CUSIP: 00108WAK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    301000 | PA      | $198516.77    | 0.01%             | 2050-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTER 7.25% 05/15/31  | SIX FLAGS ENTERTAINME REGD 144A P/P 7.25000000                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143053.96    | 0.01%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SAN DIEGO G & E 5.4% 04/15/35   | SAN DIEGO G & E REGD 5.40000000                                                                   | CUSIP: 797440CG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $295873.30    | 0.02%             | 2035-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONI 5.25% 04/30/32  | MOLEX ELECTRONICS TECH REGD 144A P/P 5.25000000                                                   | CUSIP: 60856BAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    158000 | PA      | $157907.45    | 0.01%             | 2032-04-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PETSMART INC/PE 7.75% 02/15/29  | PETSMART INC/PETSMART FI REGD 144A P/P 7.75000000                                                 | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $243369.20    | 0.02%             | 2029-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BIOCEANICO SOVERE ZCP 06/05/34  | BIOCEANICO SOVEREIGN REGD ZCP REG S 0.00000000                                                    | CUSIP: G11176AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    356304 | PA      | $280447.23    | 0.02%             | 2034-06-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 1.875% 11/15/51    | UNITED STATES TREASURY BOND 1.87500000                                                            | CUSIP: 912810TB4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  12330000 | PA      | $6680355.53   | 0.43%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM7599 3.5% 01/01/51     | FANNIE MAE POOL UMBS P#FM7599 3.50000000                                                          | CUSIP: 3140XBNR7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    553200 | PA      | $496163.68    | 0.03%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE 7.75% 04/15/30   | AZORRA FINANCE REGD 144A P/P 7.75000000                                                           | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     55000 | PA      | $55157.63     | 0.00%             | 2030-04-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA5285 2.5% 05/01/51     | FREDDIE MAC POOL UMBS P#RA5285 2.50000000                                                         | CUSIP: 3133KL2S5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    188758 | PA      | $155586.81    | 0.01%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4438 2.5% 10/01/51     | FANNIE MAE POOL UMBS P#MA4438 2.50000000                                                          | CUSIP: 31418D4Y5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5533514 | PA      | $4523015.23   | 0.29%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/C 4.75% 03/01/30  | CCO HLDGS LLC/CAP CORP REGD 144A P/P 4.75000000                                                   | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $200463.71    | 0.01%             | 2030-03-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| F/C US 10YR NOTE (CBT)SEP25     | FUTURE CONTRACT ON           US 10YR NOTE (CBT)SEP25 0.00000000                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | CORP              | US        |       -42 | NC      | $-4651500.00  | -0.30%            |  |  |  | No            |                  1 | On Loan: No      |
| T/L POLARIS NEW 0% 06/02/2028   | T/L POLARIS NEWCO LLC REGD 0.00000000                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     82776 | PA      | $80104.93     | 0.01%             | 2028-06-02      | Variable      | 8.29%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY 6.75% 09/01/29  | GULFPORT ENERGY OP CORP REGD 144A P/P 6.75000000                                                  | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106517.83    | 0.01%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CAPITAL ONE FINAN V/R 02/01/35  | CAPITAL ONE FINANCIAL CO REGD V/R 6.05100000                                                      | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128279.21    | 0.01%             | 2035-02-01      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC 5.875% 10/15/26   | LFS TOPCO LLC REGD 144A P/P 5.87500000                                                            | CUSIP: 50203TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89175.50     | 0.01%             | 2026-10-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS0701 3% 12/01/51       | FANNIE MAE POOL UMBS P#FS0701 3.00000000                                                          | CUSIP: 3140XFX71<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    368334 | PA      | $316261.21    | 0.02%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHMS K-165 X1 V/R 09/25/34      | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K-165 CL X1 V/R 0.59898900            | CUSIP: 3137HHJ28<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  46097488 | PA      | $2161557.29   | 0.14%             | 2034-09-25      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS5180 5% 09/01/52       | FANNIE MAE POOL UMBS P#FS5180 5.00000000                                                          | CUSIP: 3140XLXJ2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3967282 | PA      | $3845080.37   | 0.25%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLT 2021-NPL9 A V/R 05/25/51   | VOLT C LLC SER 2021-NPL9 CL A1 V/R REGD 144A P/P 5.99180000                                       | CUSIP: 91835DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    139123 | PA      | $138822.79    | 0.01%             | 2051-05-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| CGCMT 2019-GC 3.038% 10/10/29   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 SER 2019-GC43 CL A4 REGD 3.03800000                 | CUSIP: 17328HBD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3470000 | PA      | $3184328.43   | 0.20%             | 2052-11-10      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| UMBS P#BF0175 2.5% 01/01/57     | FANNIE MAE POOL UMBS P#BF0175 2.50000000                                                          | CUSIP: 3140FXFR8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    599082 | PA      | $488312.67    | 0.03%             | 2057-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIA V/R 07/23/32  | CITIZENS FINANCIAL GROUP REGD V/R 5.71800000                                                      | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270528.10    | 0.02%             | 2032-07-23      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STOR 5.4% 02/01/34  | EXTRA SPACE STORAGE LP REGD 5.40000000                                                            | CUSIP: 30225VAS6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    144000 | PA      | $143160.70    | 0.01%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC 4.8% 09/01/28  | CROWN CASTLE INC REGD 4.80000000                                                                  | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109975.74    | 0.01%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T/L GOLDEN STATE 0% 12/04/2031  | T/L GOLDEN STATE FOODS LLC     REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      5000 | PA      | $5023.44      | 0.00%             | 2031-12-04      | Variable      | 8.59%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT C V/R 09/15/23     | BX COMMERCIAL MORTGAGE TRUST 2021-VOLT SER 2021-VOLT CL C V/R REGD 144A P/P 5.54320000            | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1380000 | PA      | $1371389.77   | 0.09%             | 2036-09-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| RADIOLOGY PART 9.781% 02/15/30  | RADIOLOGY PARTNERS INC REGD 144A P/P 9.78100000                                                   | CUSIP: 75041VAC8<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     28781 | PA      | $27787.05     | 0.00%             | 2030-02-15      | Fixed         | 9.78%                 | Yes           |                  2 | On Loan: No      |
| ZAYO 2025-1A  5.648% 03/20/30   | ZAYO ISSUER LLC SER 2025-1A CL A2 REGD 144A P/P 5.64800000                                        | CUSIP: 98919WAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    685000 | PA      | $688272.31    | 0.04%             | 2055-03-20      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| HERC HOLDINGS ESCR 7% 06/15/30  | HERC HOLDINGS ESCROW INC REGD 144A P/P 7.00000000                                                 | CUSIP: 42703NAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51511.28     | 0.00%             | 2030-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| ACCENTURE CAPIT 4.25% 10/04/31  | ACCENTURE CAPITAL INC REGD 4.25000000                                                             | CUSIP: 00440KAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $515495.93    | 0.03%             | 2031-10-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS I 4.95% 02/26/31  | CISCO SYSTEMS INC REGD 4.95000000                                                                 | CUSIP: 17275RBS0<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209110.41    | 0.01%             | 2031-02-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US TIPS 0.75% 02/15/45          | UNITED STATES TREASURY INFLATION INDEXED BONDS 0.75000000                                         | CUSIP: 912810RL4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   2112017 | PA      | $1525316.37   | 0.10%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CENCORA INC 4.85% 12/15/29      | CENCORA INC REGD 4.85000000                                                                       | CUSIP: 03073EAW5<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    470000 | PA      | $473616.38    | 0.03%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FHS 386 C14 2.5% 03/15/52       | FREDDIE MAC STRIPS SER 386 CL C14 2.50000000                                                      | CUSIP: 31325YB31<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    749795 | PA      | $119803.58    | 0.01%             | 2052-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L MITCHELL INTER 0% 06/17/32  | T/L MITCHELL INTERNATIONAL     INC. REGD 0.00000000                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     55000 | PA      | $53418.75     | 0.00%             | 2032-06-17      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL  7.875% 04/01/30  | CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.87500000                                                 | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40525.64     | 0.00%             | 2030-04-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA CORP 2.85% 04/01/30      | NVIDIA CORP REGD 2.85000000                                                                       | CUSIP: 67066GAF1<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94072.32     | 0.01%             | 2030-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODU 3.3% 02/15/53  | ENTERPRISE PRODUCTS OPER REGD 3.30000000                                                          | CUSIP: 29379VCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $60666.46     | 0.00%             | 2053-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE U 3.25% 04/06/50  | SHELL FINANCE US IN REGD SER * 3.25000000                                                         | CUSIP: 822905AG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $208595.69    | 0.01%             | 2050-04-06      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LE 5.75% 05/24/26  | PENSKE TRUCK LEASING/PTL REGD 144A P/P 5.75000000                                                 | CUSIP: 709599BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35296.37     | 0.00%             | 2026-05-24      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GE HEALTHCARE  5.905% 11/22/32  | GE HEALTHCARE TECH INC REGD 5.90500000                                                            | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    225000 | PA      | $236217.07    | 0.02%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SONIC AUTOMOTI 4.625% 11/15/29  | SONIC AUTOMOTIVE INC REGD 144A P/P 4.62500000                                                     | CUSIP: 83545GBD3<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57314.09     | 0.00%             | 2029-11-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#QB9896 2% 03/01/51       | FREDDIE MAC POOL UMBS P#QB9896 2.00000000                                                         | CUSIP: 3133AG7H6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    585709 | PA      | $458272.88    | 0.03%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHA 5.95% 05/15/37  | BERKSHIRE HATHAWAY ENERG REGD 5.95000000                                                          | CUSIP: 59562VAP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1148457.68   | 0.07%             | 2037-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE S 7.85% 04/11/29  | MOVIDA EUROPE SA REGD 144A P/P 7.85000000                                                         | CUSIP: 62459LAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $178197.11    | 0.01%             | 2029-04-11      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 4.625% 11/15/44    | UNITED STATES TREASURY BOND 4.62500000                                                            | CUSIP: 912810UF3<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   3155000 | PA      | $3030278.91   | 0.19%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC 5.35% 04/01/34     | NISOURCE INC REGD 5.35000000                                                                      | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225733.78    | 0.01%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SELECT MEDICAL  6.25% 12/01/32  | SELECT MEDICAL CORP REGD 144A P/P 6.25000000                                                      | CUSIP: 816196AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $99105.05     | 0.01%             | 2032-12-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| AI CANDELARIA - 5.75% 06/15/33  | AI CANDELARIA -SPAIN- SA REGD 144A P/P 5.75000000                                                 | CUSIP: 00870WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | ES        |    250000 | PA      | $209547.50    | 0.01%             | 2033-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 04/04/51  | WELLS FARGO & COMPANY REGD V/R MTN 5.01300000                                                     | CUSIP: 95000U2M4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    195000 | PA      | $171100.17    | 0.01%             | 2051-04-04      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA1375 3.5% 10/20/43  | GINNIE MAE II POOL P#MA1375 3.50000000                                                            | CUSIP: 36179NQ43<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    371789 | PA      | $340216.61    | 0.02%             | 2043-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPAN 5.65% 03/15/33  | WILLIAMS COMPANIES INC REGD 5.65000000                                                            | CUSIP: 969457CJ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66555.64     | 0.00%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI E 7.15% 10/01/33  | PATTERSON-UTI ENERGY INC REGD 7.15000000                                                          | CUSIP: 703481AD3<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264682.03    | 0.02%             | 2033-10-01      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| T/L COMMSCOPE INC  0% 12/17/29  | T/L COMMSCOPE INC 0.00000000                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     55401 | PA      | $55877.78     | 0.00%             | 2029-12-17      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS1463 4% 05/01/51       | FANNIE MAE POOL UMBS P#FS1463 4.00000000                                                          | CUSIP: 3140XGTV1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4097588 | PA      | $3820545.93   | 0.24%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BSPRT 2021-FL6 A V/R 03/15/36   | BSPRT 2021-FL6 ISSUER LTD SER 2021-FL6 CL A V/R REGD 144A P/P 5.54319000                          | CUSIP: 05601HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     18200 | PA      | $18195.54     | 0.00%             | 2036-03-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH COR 1.875% 02/28/31  | CVS HEALTH CORP REGD 1.87500000                                                                   | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    265000 | PA      | $222646.65    | 0.01%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.875% 02/15/43    | UNITED STATES TREASURY BOND 3.87500000                                                            | CUSIP: 912810TQ1<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  33950000 | PA      | $29820300.95  | 1.90%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSH V/R 01/15/31  | HUNTINGTON BANCSHARES REGD V/R 5.27200000                                                         | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     88000 | PA      | $88953.05     | 0.01%             | 2031-01-15      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| US TIPS 1.75% 01/15/34          | UNITED STATES TREASURY INFLATION INDEXED BONDS 1.75000000                                         | CUSIP: 91282CJY8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   3365920 | PA      | $3307588.61   | 0.21%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROCC 2024-CNT 5.388% 11/13/29   | ROCK TRUST 2024-CNTR SER 2024-CNTR CL A REGD 144A P/P 5.38834000                                  | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    174000 | PA      | $176195.81    | 0.01%             | 2041-11-13      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| KCOT 2024-1A A 5.19% 11/15/27   | KUBOTA CREDIT OWNER TRUST 2024-1 SER 2024-1A CL A3 REGD 144A P/P 5.19000000                       | CUSIP: 50117BAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3350000 | PA      | $3390359.46   | 0.22%             | 2028-07-17      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 3.625% 02/15/44    | UNITED STATES TREASURY BOND 3.62500000                                                            | CUSIP: 912810RE0<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6715000 | PA      | $5634566.98   | 0.36%             | 2044-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA 7.375% 02/15/31  | OUTFRONT MEDIA CAP LLC/C REGD 144A P/P 7.37500000                                                 | CUSIP: 69007TAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $58082.92     | 0.00%             | 2031-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BALTIMORE GAS & 5.45% 06/01/35  | BALTIMORE GAS & ELECTRIC REGD 5.45000000                                                          | CUSIP: 059165ET3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $186239.88    | 0.01%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 01/15/31     | MORGAN STANLEY REGD V/R 5.23000000                                                                | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15221.60     | 0.00%             | 2031-01-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP 2.5% 03/01/31      | CENTENE CORP REGD 2.50000000                                                                      | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    105000 | PA      | $89153.17     | 0.01%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STAR 2021-6 A1 V/R 11/25/66     | STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-6 SER 2021-6 CL A1 V/R REGD 144A P/P 1.92000000          | CUSIP: 85573RAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    763106 | PA      | $670429.77    | 0.04%             | 2066-11-25      | Variable      | 1.92%                 | Yes           |                  2 | On Loan: No      |
| BP CAP MARKETS 4.812% 02/13/33  | BP CAP MARKETS AMERICA REGD 4.81200000                                                            | CUSIP: 10373QBU3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2920000 | PA      | $2866027.75   | 0.18%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| HUMANA INC 5.375% 04/15/31      | HUMANA INC REGD 5.37500000                                                                        | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30192.47     | 0.00%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATI 5.95% 09/01/54  | COX COMMUNICATIONS INC REGD 144A P/P 5.95000000                                                   | CUSIP: 224044CV7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $185665.16    | 0.01%             | 2054-09-01      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BU7899 2.5% 01/01/52     | FANNIE MAE POOL UMBS P#BU7899 2.50000000                                                          | CUSIP: 3140M9X51<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    437780 | PA      | $360986.47    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#BS1636 2.25% 04/01/33    | FANNIE MAE POOL UMBS P#BS1636 2.25000000                                                          | CUSIP: 3140LBZA4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    225065 | PA      | $192052.43    | 0.01%             | 2033-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERA 6.45% 01/24/35  | COMISION FEDERAL DE ELEC REGD 144A P/P 6.45000000                                                 | CUSIP: 200447AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $192426.48    | 0.01%             | 2035-01-24      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| T/L SABRE GLBL  0% 12/17/27     | T/L SABRE GLBL INCREGD 0.00000000                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10527 | PA      | $10224.79     | 0.00%             | 2027-12-17      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE  4.798% 04/28/30  | GUARDIAN LIFE GLOB FUND REGD 144A P/P 4.79800000                                                  | CUSIP: 40139LBK8<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    141000 | PA      | $142086.49    | 0.01%             | 2030-04-28      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA5528 4% 10/20/48    | GINNIE MAE II POOL P#MA5528 4.00000000                                                            | CUSIP: 36179UD90<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    490849 | PA      | $454252.32    | 0.03%             | 2048-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD IN 8.625% 04/30/30  | WEATHERFORD INTERNATIONA REGD 144A P/P 8.62500000                                                 | CUSIP: 947075AU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50788.20     | 0.00%             | 2030-04-30      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF GUAT 4.5% 05/03/26  | REPUBLIC OF GUATEMALA REGD REG S 4.50000000                                                       | CUSIP: P5015VAF3<br>LEI: N/A                  | Long             | DBT              | USGA              | GT        |    200000 | PA      | $197770.00    | 0.01%             | 2026-05-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HPA 2021-1 E 2.577% 09/17/29    | HOME PARTNERS OF AMERICA 2021-1 TRUST SER 2021-1 CL E REGD 144A P/P 2.57700000                    | CUSIP: 437300AJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    740090 | PA      | $630573.44    | 0.04%             | 2041-09-17      | Fixed         | 2.58%                 | Yes           |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIV 5% 08/19/34  | O'REILLY AUTOMOTIVE INC REGD 5.00000000                                                           | CUSIP: 67103HAN7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    204000 | PA      | $199115.00    | 0.01%             | 2034-08-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 09/21/36  | BANK OF AMERICA CORP REGD V/R 2.48200000                                                          | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    335000 | PA      | $280035.97    | 0.02%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATION 5.75% 10/01/29  | AMERICAN NATIONAL GROUP REGD 5.75000000                                                           | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76276.59     | 0.00%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BX 2021-VOLT E V/R 09/15/23     | BX COMMERCIAL MORTGAGE TRUST 2021-VOLT SER 2021-VOLT CL E V/R REGD 144A P/P 6.44320000            | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $99250.00     | 0.01%             | 2036-09-15      | Variable      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS3621 2.5% 11/01/51     | FANNIE MAE POOL UMBS P#FS3621 2.50000000                                                          | CUSIP: 3140XKAX8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    571104 | PA      | $470679.65    | 0.03%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 01/24/31  | WELLS FARGO & COMPANY REGD V/R 5.24400000                                                         | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $228350.53    | 0.01%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 10/20/32     | MORGAN STANLEY REGD V/R MTN 2.51100000                                                            | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     65000 | PA      | $55967.69     | 0.00%             | 2032-10-20      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL P 7.5% 05/01/33  | VENTURE GLOBAL PLAQUE REGD 144A P/P 7.50000000                                                    | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15666.72     | 0.00%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA8933 2% 02/01/51       | FANNIE MAE POOL UMBS P#CA8933 2.00000000                                                          | CUSIP: 3140QG4T1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    399358 | PA      | $315195.09    | 0.02%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA6332 2% 11/01/51       | FREDDIE MAC POOL UMBS P#RA6332 2.00000000                                                         | CUSIP: 3133KNA94<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    172760 | PA      | $135992.18    | 0.01%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINAN V/R 01/30/36  | CAPITAL ONE FINANCIAL CO REGD V/R 6.18300000                                                      | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109180.84    | 0.01%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| HOLCIM FINANCE  4.95% 04/07/30  | HOLCIM FINANCE US LLC REGD 144A P/P 4.95000000                                                    | CUSIP: 43475RAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68000 | PA      | $68436.54     | 0.00%             | 2030-04-07      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| NATIONSTAR MTG  5.75% 11/15/31  | NATIONSTAR MTG HLD INC REGD 144A P/P 5.75000000                                                   | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $145227.51    | 0.01%             | 2031-11-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BR1339 2% 02/01/51       | FANNIE MAE POOL UMBS P#BR1339 2.00000000                                                          | CUSIP: 3140KYPZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1312313 | PA      | $1038470.15   | 0.07%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RMLT 2020-1 M1 V/R 01/26/60     | RESIDENTIAL MORTGAGE LOAN TRUST 2020-1 SER 2020-1 CL M1 V/R REGD 144A P/P 3.24200000              | CUSIP: 76119CAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3100000 | PA      | $3000614.00   | 0.19%             | 2060-01-26      | Variable      | 3.24%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP 2.625% 08/01/31    | CENTENE CORP REGD 2.62500000                                                                      | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    850000 | PA      | $719963.86    | 0.05%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| AETHON UN/AETHIN 7.5% 10/01/29  | AETHON UN/AETHIN UN FIN REGD 144A P/P 7.50000000                                                  | CUSIP: 00810GAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $107600.75    | 0.01%             | 2029-10-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA6614 3% 08/01/50       | FANNIE MAE POOL UMBS P#CA6614 3.00000000                                                          | CUSIP: 3140QEK43<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    187589 | PA      | $160309.50    | 0.01%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS5947 5.5% 07/01/53     | FANNIE MAE POOL UMBS P#FS5947 5.50000000                                                          | CUSIP: 3140XMTD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6799892 | PA      | $6817692.71   | 0.43%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| G2SF 30YR TBA 2.5% JUN 25       | G2SF 30YR TBA 25 2.50000000                                                                       | CUSIP: 21H022663<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3170000 | PA      | $2655206.33   | 0.17%             | 2055-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RAST 2005-A8CB A6 5% 07/25/35   | RESIDENTIAL ASSET SECURITIZATION TRUST 200 SER 2005-A8CB CL A6 REGD 5.00000000                    | CUSIP: 45660LSU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3273095 | PA      | $1698600.03   | 0.11%             | 2035-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SB8046 3% 05/01/35       | FREDDIE MAC POOL UMBS P#SB8046 3.00000000                                                         | CUSIP: 3132D55F5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    398913 | PA      | $377922.12    | 0.02%             | 2035-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY C 5.3% 03/15/32  | NEXTERA ENERGY CAPITAL REGD 5.30000000                                                            | CUSIP: 65339KDK3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154000 | PA      | $156599.67    | 0.01%             | 2032-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FHS 303 C10 3.5% 01/15/33       | FREDDIE MAC STRIPS SER 303 CL C10 3.50000000                                                      | CUSIP: 31325UD86<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    596661 | PA      | $50085.27     | 0.00%             | 2033-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMBB 2016-C1 3.576% 01/15/26   | JPMBB COMMERCIAL MORTGAGE SECURITIES TRUST 2016-C1 SER 2016-C1 CL A5 REGD 3.57610000              | CUSIP: 46645LAY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    529000 | PA      | $523778.14    | 0.03%             | 2049-03-17      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BMARK 2020-B22 X V/R 09/15/30   | BENCHMARK 2020-B22 MORTGAGE TRUST SER 2020-B22 CL XA V/R REGD 1.50187700                          | CUSIP: 08163BBF7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2346475 | PA      | $155923.24    | 0.01%             | 2054-01-15      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBA 4.95% 01/15/31  | PARAMOUNT GLOBAL REGD 4.95000000                                                                  | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     18000 | PA      | $17427.53     | 0.00%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GCI LLC 4.75% 10/15/28          | GCI LLC REGD 144A P/P 4.75000000                                                                  | CUSIP: 36166TAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $126969.15    | 0.01%             | 2028-10-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ROMANIA 3.625% 03/27/32         | ROMANIA REGD REG S 3.62500000                                                                     | CUSIP: X7360WCA8<br>LEI: N/A                  | Long             | DBT              | USGA              | RO        |   1130000 | PA      | $944529.45    | 0.06%             | 2032-03-27      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINAN V/R 10/30/31  | CAPITAL ONE FINANCIAL CO REGD V/R SER . 7.62400000                                                | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    800000 | PA      | $892193.93    | 0.06%             | 2031-10-30      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| FSRIA 2021-FL2 A V/R 05/16/38   | FS RIALTO SER 2021-FL2 CL A V/R REGD 144A P/P 5.66315000                                          | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    264972 | PA      | $264135.08    | 0.02%             | 2038-05-16      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA2977 2.5% 07/01/50     | FREDDIE MAC POOL UMBS P#RA2977 2.50000000                                                         | CUSIP: 3133KJJW3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    925398 | PA      | $765908.73    | 0.05%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KTAMA 2023-1A D V/R 10/20/36    | KATAYMA CLO I LTD SER 2023-1A CL D V/R REGD 144A P/P 9.51947000                                   | CUSIP: 48585JAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1011626.10   | 0.06%             | 2036-10-20      | Variable      | 9.52%                 | Yes           |                  2 | On Loan: No      |
| BIOGEN INC 5.75% 05/15/35       | BIOGEN INC REGD 5.75000000                                                                        | CUSIP: 09062XAL7<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266784.20    | 0.02%             | 2035-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAS 2024-R02 1M2 V/R 02/25/44   | CONNECTICUT AVENUE SECURITIES TRUST 2024-R02 SER 2024-R02 CL 1M2 V/R REGD 144A P/P 6.12197000     | CUSIP: 20754GAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    230000 | PA      | $232108.36    | 0.01%             | 2044-02-25      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC 3.8% 02/15/28  | CROWN CASTLE INC REGD 3.80000000                                                                  | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43961.83     | 0.00%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM7 A V/R 12/25/25   | GCAT 2021-NQM7 TRUST SER 2021-NQM7 CL A1 V/R REGD 144A P/P 1.91500000                             | CUSIP: 36167YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    326066 | PA      | $300751.11    | 0.02%             | 2066-08-25      | Variable      | 1.92%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC 2.25% 02/01/32         | AT&T INC REGD 2.25000000                                                                          | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2308000 | PA      | $1958176.81   | 0.12%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP 2.887% 11/01/51    | COMCAST CORP REGD SER WI 2.88700000                                                               | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    375000 | PA      | $222527.36    | 0.01%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| FORDL 2024-B A 4.99% 12/15/26   | FORD CREDIT AUTO LEASE TRUST 2024-B SER 2024-B CL A3 REGD 4.99000000                              | CUSIP: 345279AD5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5800000 | PA      | $5833643.48   | 0.37%             | 2027-12-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| GSMS 2018-TWR G V/R 07/15/21    | GS MORTGAGE SECURITIES CORP TRUST 2018-TWR SER 2018-TWR CL G V/R REGD 144A P/P 8.55066000         | CUSIP: 36251SAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $32040.00     | 0.00%             | 2031-07-15      | Variable      | 8.55%                 | Yes           |                  2 | On Loan: No      |
| EMBARQ CORP 7.995% 06/01/36     | EMBARQ CORP REGD 7.99500000                                                                       | CUSIP: 29078EAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $28200.00     | 0.00%             | 2036-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH G 5.375% 04/15/54  | UNITEDHEALTH GROUP INC REGD 5.37500000                                                            | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    385000 | PA      | $346532.59    | 0.02%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCE 6.5% 04/15/32  | MATADOR RESOURCES CO REGD 144A P/P 6.50000000                                                     | CUSIP: 576485AG1<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88122.28     | 0.01%             | 2032-04-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| NLT 2021-INV1 A1 V/R 05/25/56   | NMLT 2021-INV1 TRUST SER 2021-INV1 CL A1 V/R REGD 144A P/P 1.18500000                             | CUSIP: 62923JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    790837 | PA      | $683414.28    | 0.04%             | 2056-05-25      | Variable      | 1.19%                 | Yes           |                  2 | On Loan: No      |
| SCRT 2019-1 MT 3.5% 07/25/58    | FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SERIES 2019-1 SER 2019-1 CL MT 3.50000000         | CUSIP: 35563PJE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    453925 | PA      | $401763.36    | 0.03%             | 2058-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL COR 4.54% 08/15/47  | BAT CAPITAL CORP REGD SER WI 4.54000000                                                           | CUSIP: 05526DBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187000 | PA      | $147618.70    | 0.01%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 03/03/31  | HSBC HOLDINGS PLC REGD V/R 5.13000000                                                             | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    430000 | PA      | $431093.00    | 0.03%             | 2031-03-03      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & 5.55% 08/15/54  | VIRGINIA ELEC & POWER CO REGD 5.55000000                                                          | CUSIP: 927804GS7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $68222.19     | 0.00%             | 2054-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDI 4.35% 04/20/28  | EQUITABLE HOLDINGS INC REGD 4.35000000                                                            | CUSIP: 054561AJ4<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79458.96     | 0.01%             | 2028-04-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VOLT 2021-NPL6 A V/R 03/25/24   | VOLT XCVII LLC SER 2021-NPL6 CL A1 V/R REGD 144A P/P 6.23950000                                   | CUSIP: 91835EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    346695 | PA      | $346154.34    | 0.02%             | 2051-04-25      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| DOMINION ENERGY  4.6% 05/15/28  | DOMINION ENERGY INC REGD 4.60000000                                                               | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160402.45    | 0.01%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GSTNE 2021-FL3 A V/R 07/15/39   | GREYSTONE CRE NOTES 2021-FL3 LTD SER 2021-FL3 CL A V/R REGD 144A P/P 5.46319000                   | CUSIP: 39809PAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    242965 | PA      | $242825.09    | 0.02%             | 2039-07-15      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| APH/APH2/APH3/ 7.875% 11/01/29  | APH/APH2/APH3/AQUARIAN REGD 144A P/P 7.87500000                                                   | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34629.36     | 0.00%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2021-1 A1 V/R 02/25/66     | ELLINGTON FINANCIAL MORTGAGE TRUST 2017-1 SER 2021-1 CL A1 V/R REGD 144A P/P 0.79700000           | CUSIP: 31574XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     71201 | PA      | $60243.16     | 0.00%             | 2066-02-25      | Variable      | 0.80%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA7883 3.5% 02/20/52  | GINNIE MAE II POOL P#MA7883 3.50000000                                                            | CUSIP: 36179WXL7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3897534 | PA      | $3481105.91   | 0.22%             | 2052-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN S 6.875% 05/15/32  | PENNYMAC FIN SVCS INC REGD 144A P/P 6.87500000                                                    | CUSIP: 70932MAG2<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35164.50     | 0.00%             | 2032-05-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| SREIT 2021-MFP C V/R 11/15/26   | SREIT TRUST 2021-MFP SER 2021-MFP CL C V/R REGD 144A P/P 5.77219000                               | CUSIP: 78472UAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    109049 | PA      | $108640.46    | 0.01%             | 2038-11-15      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| SEASPAN CORP 5.5% 08/01/29      | SEASPAN CORP REGD 144A P/P 5.50000000                                                             | CUSIP: 81254UAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | HK        |     70000 | PA      | $64550.42     | 0.00%             | 2029-08-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#AL6942 2.5% 06/01/30     | FANNIE MAE POOL UMBS P#AL6942 2.50000000                                                          | CUSIP: 3138EPWC4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     57340 | PA      | $55392.55     | 0.00%             | 2030-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AGREE LP 5.625% 06/15/34        | AGREE LP REGD 5.62500000                                                                          | CUSIP: 008513AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110925.75    | 0.01%             | 2034-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANAD 5.25% 07/15/29  | SIX FLAGS/CANADA WON REGD 5.25000000                                                              | CUSIP: 150190AE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $58252.60     | 0.00%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2598 3% 05/01/52       | FANNIE MAE POOL UMBS P#FS2598 3.00000000                                                          | CUSIP: 3140XH3G0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    407433 | PA      | $349973.62    | 0.02%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCA 6.125% 06/15/30  | TENET HEALTHCARE CORP REGD 6.12500000                                                             | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121175.80    | 0.01%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UMBS P#BQ1150 2.5% 10/01/50     | FANNIE MAE POOL UMBS P#BQ1150 2.50000000                                                          | CUSIP: 3140KLH47<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     83886 | PA      | $69334.72     | 0.00%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE L 6.875% 04/15/29  | GGAM FINANCE LTD REGD 144A P/P 6.87500000                                                         | CUSIP: 36170JAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    105000 | PA      | $106962.45    | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB2436 3% 12/01/51       | FANNIE MAE POOL UMBS P#CB2436 3.00000000                                                          | CUSIP: 3140QMV68<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    181831 | PA      | $156125.64    | 0.01%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BATLN 2017-11A A V/R 04/24/34   | BATTALION CLO XI LTD SER 2017-11A CL AR V/R REGD 144A P/P 5.68679000                              | CUSIP: 07132LAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000764.10   | 0.06%             | 2034-04-24      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RB5111 2% 05/01/41       | FREDDIE MAC POOL UMBS P#RB5111 2.00000000                                                         | CUSIP: 3133KYVC0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    509631 | PA      | $430555.96    | 0.03%             | 2041-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC V/R 05/07/31      | CITIGROUP INC REGD V/R 4.95200000                                                                 | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    565000 | PA      | $564614.34    | 0.04%             | 2031-05-07      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB0609 2.5% 05/01/51     | FANNIE MAE POOL UMBS P#CB0609 2.50000000                                                          | CUSIP: 3140QKVB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    815765 | PA      | $674602.94    | 0.04%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING  4.6% 05/28/30  | SIEMENS FUNDING BV REGD 144A P/P 4.60000000                                                       | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |    300000 | PA      | $300478.76    | 0.02%             | 2030-05-28      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#QN6604 2% 06/01/36       | FREDDIE MAC POOL UMBS P#QN6604 2.00000000                                                         | CUSIP: 3133GDKR0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    151924 | PA      | $138145.62    | 0.01%             | 2036-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHR 5131 IG 3.5% 08/25/51       | FREDDIE MAC REMICS SER 5131 CL IG 3.50000000                                                      | CUSIP: 3137H1TT3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5701801 | PA      | $1052404.79   | 0.07%             | 2051-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| APID 2022-41A D1 V/R 10/20/37   | APIDOS CLO XLI LTD SER 2022-41A CL D1R V/R REGD 144A P/P 7.26947000                               | CUSIP: 03770CAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $502194.65    | 0.03%             | 2037-10-20      | Variable      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS1621 2% 07/01/51       | FANNIE MAE POOL UMBS P#FS1621 2.00000000                                                          | CUSIP: 3140XGYT0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    131385 | PA      | $102880.83    | 0.01%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CD 2017-CD4 XA V/R 04/10/27     | CD 2017-CD4 MORTGAGE TRUST SER 2017-CD4 CL XA V/R REGD 1.21621700                                 | CUSIP: 12515DAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  15318343 | PA      | $256779.84    | 0.02%             | 2050-05-10      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| SWTCH 2024-2A B 6.2% 06/25/29   | SWITCH ABS ISSUER LLC SER 2024-2A CL B REGD 144A P/P 6.20000000                                   | CUSIP: 871044AG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004049.50   | 0.06%             | 2054-06-25      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| GSMS 2021-IP C V/R 10/15/23     | GS MORTGAGE SECURITIES CORPORTATION TRU SER 2021-IP CL C V/R REGD 144A P/P 5.99348000             | CUSIP: 36262MAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $198500.00    | 0.01%             | 2036-10-15      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| FIDEICOMISO PA  8.25% 01/15/35  | FIDEICOMISO PA PACIFICO REGD REG S 8.25000000                                                     | CUSIP: P40689AA2<br>LEI: 549300HPHEJ3B6YD5H05 | Long             | DBT              | CORP              | CO        |    160900 | PA      | $161302.25    | 0.01%             | 2035-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS8152 6% 06/01/54       | FANNIE MAE POOL UMBS P#FS8152 6.00000000                                                          | CUSIP: 3140XQBW6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3025212 | PA      | $3077295.14   | 0.20%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 3.75% 04/30/27     | UNITED STATES TREASURY NOTE 3.75000000                                                            | CUSIP: 91282CMY4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |    615000 | PA      | $613102.15    | 0.04%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UMBS P#AT7623 3% 06/01/43       | FANNIE MAE POOL UMBS P#AT7623 3.00000000                                                          | CUSIP: 3138WVPH8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5542940 | PA      | $4928116.57   | 0.31%             | 2043-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 4.5% JUN 25       | FNMA 30YR TBA 4.5% JUN 25      TO BE ANNOUNCED 4.50000000                                         | CUSIP: 01F042665<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |     -1000 | PA      | $-943.05      | -0.00%            | 2055-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM5423 2.5% 01/01/51     | FANNIE MAE POOL UMBS P#FM5423 2.50000000                                                          | CUSIP: 3140X9AZ8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    272045 | PA      | $224856.09    | 0.01%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L ALLIED UNIVER ZCP 05/12/28  | T/L ALLIED UNIVERSAL HOLDCO REGD ZCP TERM LOAN 0.00000000                                         | CUSIP: 01957TAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     58899 | PA      | $58954.70     | 0.00%             | 2028-05-12      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| MHC 2021-MHC A V/R 04/15/26     | MHC COMMERCIAL MORTGAGE TRUST 2021-MHC SER 2021-MHC CL A V/R REGD 144A P/P 5.24444200             | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     12339 | PA      | $12331.59     | 0.00%             | 2038-04-15      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| FNMA 30YR TBA 7.0% JUN 25       | FNMA 30YR TBA 7.0% JUN 25      TO BE ANNOUNCED 7.00000000                                         | CUSIP: 01F070666<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1025000 | PA      | $1069785.21   | 0.07%             | 2055-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CO 2.95% 05/14/30  | ITC HOLDINGS CORP REGD 144A P/P 2.95000000                                                        | CUSIP: 465685AQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $202186.42    | 0.01%             | 2030-05-14      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| T/L REALPAGE INC 0% 04/24/28    | T/L REALPAGE INC  REGD 0.00000000                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     35000 | PA      | $34967.10     | 0.00%             | 2028-04-24      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| SDCP 2024-1 A2 6% 04/20/29      | SABEY DATA CENTER ISSUER LLC SER 2024-1 CL A2 REGD 144A P/P 6.00000000                            | CUSIP: 78520EAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    165000 | PA      | $166749.81    | 0.01%             | 2049-04-20      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| ALCON FINANCE C 2.75% 09/23/26  | ALCON FINANCE CORP REGD 144A P/P 2.75000000                                                       | CUSIP: 01400EAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $477005.77    | 0.03%             | 2026-09-23      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| TCN 2023-SFR1 A 5.1% 07/17/28   | TRICON RESIDENTIAL 2023-SFR1 TRUST SER 2023-SFR1 CL A REGD 144A P/P 5.10000000                    | CUSIP: 89616WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    379330 | PA      | $379448.54    | 0.02%             | 2040-07-17      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| BUILDERS FIRSTS 6.75% 05/15/35  | BUILDERS FIRSTSOURCE INC REGD 144A P/P 6.75000000                                                 | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50284.50     | 0.00%             | 2035-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FHR 5018 LW 1% 10/25/40         | FREDDIE MAC REMICS SER 5018 CL LW 1.00000000                                                      | CUSIP: 3137FXBZ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    307985 | PA      | $247564.10    | 0.02%             | 2040-10-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| GNMA II 30 YR TBA 2% OCT 25     | GNMA II 30 YR TBA 2% OCT 25    TO BE ANNOUNCED 2.00000000                                         | CUSIP: 21H020667<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2980000 | PA      | $2393153.16   | 0.15%             | 2055-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS C 4.95% 08/15/29  | GENUINE PARTS CO REGD 4.95000000                                                                  | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    145000 | PA      | $146296.21    | 0.01%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2451 4% 05/01/49       | FANNIE MAE POOL UMBS P#FS2451 4.00000000                                                          | CUSIP: 3140XHWM5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    131412 | PA      | $122726.21    | 0.01%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PA 4% 03/01/31  | CHENIERE ENERGY PARTNERS REGD 4.00000000                                                          | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    157000 | PA      | $147108.03    | 0.01%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AOMT 2020-R1 A1 V/R 12/25/24    | ANGEL OAK MORTGAGE TRUST 2020-R1 SER 2020-R1 CL A1 V/R REGD 144A P/P 0.99000000                   | CUSIP: 034651AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    177830 | PA      | $168633.49    | 0.01%             | 2053-04-25      | Variable      | 0.99%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES  5.5% 02/15/35  | TARGA RESOURCES CORP REGD 5.50000000                                                              | CUSIP: 87612GAK7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     61000 | PA      | $59678.17     | 0.00%             | 2035-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES  8.5% 02/15/31  | ARTERA SERVICES LLC REGD 144A P/P 8.50000000                                                      | CUSIP: 04302XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $12747.04     | 0.00%             | 2031-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BELL CANADA V/R 09/15/55        | BELL CANADA REGD V/R 6.87500000                                                                   | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |     92000 | PA      | $92594.67     | 0.01%             | 2055-09-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| IRV 2025-200P A V/R 02/14/35    | IRV TRUST 2025-200P SER 2025-200P CL A V/R REGD 144A P/P 5.29459000                               | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1150000 | PA      | $1141436.18   | 0.07%             | 2047-03-14      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| DANA INC 5.375% 11/15/27        | DANA INC REGD 5.37500000                                                                          | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44849.96     | 0.00%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP 6% 01/15/29  | CNX RESOURCES CORP REGD 144A P/P 6.00000000                                                       | CUSIP: 12653CAJ7<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69491.11     | 0.00%             | 2029-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| T/L MINIMAX VIK 0% 02/20/32     | T/L MINIMAX VIKING GMBH REGD 0.00000000                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |     25000 | PA      | $25000.00     | 0.00%             | 2032-02-20      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA8268 4.5% 09/20/52  | GINNIE MAE II POOL P#MA8268 4.50000000                                                            | CUSIP: 36179XFH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    244720 | PA      | $232362.77    | 0.01%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA3 C V/R 12/15/26     | BX COMMERCIAL MORTGAGE TRUST 2024-GPA3 SER 2024-GPA3 CL C V/R REGD 144A P/P 6.22069000            | CUSIP: 123910AE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    206297 | PA      | $206297.08    | 0.01%             | 2039-12-15      | Variable      | 6.22%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 02/04/33  | BANK OF AMERICA CORP REGD V/R MTN 2.97200000                                                      | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    335000 | PA      | $295268.05    | 0.02%             | 2033-02-04      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| UMBS P#BH5752 3.5% 11/01/47     | FANNIE MAE POOL UMBS P#BH5752 3.50000000                                                          | CUSIP: 3140GUMA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    708280 | PA      | $640862.80    | 0.04%             | 2047-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT 2.8% 04/01/31  | CHARTER COMM OPT LLC/CAP REGD 2.80000000                                                          | CUSIP: 161175BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $52683.11     | 0.00%             | 2031-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD7569 6% 04/01/54       | FREDDIE MAC POOL UMBS P#SD7569 6.00000000                                                         | CUSIP: 3132DVMS1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3002407 | PA      | $3066286.92   | 0.20%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KROGER CO 5.65% 09/15/64        | KROGER CO REGD 5.65000000                                                                         | CUSIP: 501044DX6<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    160000 | PA      | $147727.11    | 0.01%             | 2064-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UMBS P#RB0369 2% 12/01/40       | FREDDIE MAC POOL UMBS P#RB0369 2.00000000                                                         | CUSIP: 3133KTMS6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     79216 | PA      | $67150.47     | 0.00%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM P 4.75% 04/15/30  | CNX MIDSTREAM PART LP REGD 144A P/P 4.75000000                                                    | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $115876.00    | 0.01%             | 2030-04-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CBAM 2019-10A DR V/R 04/20/32   | CBAM 2019-10 LTD SER 2019-10A CL DR V/R REGD 144A P/P 8.03108000                                  | CUSIP: 12482NAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $745540.88    | 0.05%             | 2032-04-20      | Variable      | 8.03%                 | Yes           |                  2 | On Loan: No      |
| COMM 2022-HC  3.376% 01/10/27   | COMM 2022-HC MORTGAGE TRUST SER 2022-HC CL C REGD 144A P/P 3.37600000                             | CUSIP: 12659DAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    300000 | PA      | $275403.30    | 0.02%             | 2039-01-10      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOL 6.75% 04/15/33  | CELANESE US HOLDINGS LLC REGD 6.75000000                                                          | CUSIP: 15089QBA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43796.20     | 0.00%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES  6.5% 03/30/34  | TARGA RESOURCES CORP REGD 6.50000000                                                              | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136694.23    | 0.01%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APA CORP 6.1% 02/15/35          | APA CORP REGD 144A P/P 6.10000000                                                                 | CUSIP: 03743QAQ1<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    117000 | PA      | $110273.84    | 0.01%             | 2035-02-15      | Fixed         | 6.10%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 11/19/30  | HSBC HOLDINGS PLC REGD V/R 5.28600000                                                             | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    360000 | PA      | $363575.94    | 0.02%             | 2030-11-19      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE E 4.9% 03/15/30  | PUBLIC SERVICE ENTERPRIS REGD 4.90000000                                                          | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    435000 | PA      | $437963.99    | 0.03%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| US BANCORP V/R 11/03/36         | US BANCORP REGD V/R 2.49100000                                                                    | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3254000 | PA      | $2708764.87   | 0.17%             | 2036-11-03      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONA 3% 11/26/51  | SHELL INTERNATIONAL FIN REGD 3.00000000                                                           | CUSIP: 822582CL4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     20000 | PA      | $12485.57     | 0.00%             | 2051-11-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 A V/R 02/15/39    | KREF 2021-FL2 LTD SER 2021-FL2 CL A V/R REGD 144A P/P 5.51315000                                  | CUSIP: 48275RAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    175888 | PA      | $175345.73    | 0.01%             | 2039-02-15      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| OWENS CORNING 5.7% 06/15/34     | OWENS CORNING REGD 5.70000000                                                                     | CUSIP: 690742AP6<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    143000 | PA      | $145969.05    | 0.01%             | 2034-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 4.125% 11/30/29    | UNITED STATES TREASURY NOTE 4.12500000                                                            | CUSIP: 91282CMA6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   6015000 | PA      | $6060347.45   | 0.39%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ONEOK INC 5.85% 11/01/64        | ONEOK INC REGD 5.85000000                                                                         | CUSIP: 682680CG6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    265000 | PA      | $237237.00    | 0.02%             | 2064-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4326 2.5% 05/01/51     | FANNIE MAE POOL UMBS P#MA4326 2.50000000                                                          | CUSIP: 31418DYY2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1211439 | PA      | $992860.32    | 0.06%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS  V/R 04/25/31  | AMERICAN EXPRESS CO REGD V/R 5.01600000                                                           | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    930000 | PA      | $940551.88    | 0.06%             | 2031-04-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL 8.375% 06/01/31  | VENTURE GLOBAL LNG INC REGD 144A P/P 8.37500000                                                   | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50757.10     | 0.00%             | 2031-06-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| EXPAND ENERGY C 6.75% 04/15/29  | EXPAND ENERGY CORP REGD 144A P/P 6.75000000                                                       | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     64000 | PA      | $64751.49     | 0.00%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 10/22/28  | JPMORGAN CHASE & CO REGD V/R 4.50500000                                                           | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    555000 | PA      | $553860.11    | 0.04%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FNA 2020-M15 X1 V/R 09/25/31    | FANNIE MAE-ACES SER 2020-M15 CL X1 V/R 1.45300000                                                 | CUSIP: 3136B9MX2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9108012 | PA      | $580526.47    | 0.04%             | 2031-09-25      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| UMBS P#CB0737 3% 06/01/51       | FANNIE MAE POOL UMBS P#CB0737 3.00000000                                                          | CUSIP: 3140QKZB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     83873 | PA      | $72078.75     | 0.00%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DPABS 2019-1A 3.668% 10/25/29   | DOMINO'S PIZZA MASTER ISSUER LLC SER 2019-1A CL A2 REGD 144A P/P 3.66800000                       | CUSIP: 25755TAL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    974400 | PA      | $920543.55    | 0.06%             | 2049-10-25      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC 6.375% 05/31/33   | TRANSDIGM INC REGD 144A P/P 6.37500000                                                            | CUSIP: 893647BY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $88920.07     | 0.01%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ACUSHNET CO 7.375% 10/15/28     | ACUSHNET CO REGD 144A P/P 7.37500000                                                              | CUSIP: 005095AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67353.46     | 0.00%             | 2028-10-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BMARK 2023-B40 X V/R 06/15/33   | BENCHMARK 2023-B40 MORTGAGE TRUST SER 2023-B40 CL XA V/R REGD 1.17258700                          | CUSIP: 08163WAH8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1698073 | PA      | $99859.07     | 0.01%             | 2056-12-15      | Variable      | 1.17%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 10/23/34  | WELLS FARGO & COMPANY REGD V/R 6.49100000                                                         | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    205000 | PA      | $219870.89    | 0.01%             | 2034-10-23      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAIN 6.375% 06/15/30  | ADVANCED DRAINAGE SYSTEM REGD 144A P/P 6.37500000                                                 | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111349.37    | 0.01%             | 2030-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA8347 4.5% 10/20/52  | GINNIE MAE II POOL P#MA8347 4.50000000                                                            | CUSIP: 36179XHY5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1097514 | PA      | $1042095.55   | 0.07%             | 2052-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PART 7.775% 01/31/29  | RADIOLOGY PARTNERS INC REGD 144A P/P 7.77500000                                                   | CUSIP: 75041VAB0<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     87758 | PA      | $88196.79     | 0.01%             | 2029-01-31      | Fixed         | 7.78%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BK1983 3.5% 03/01/33     | FANNIE MAE POOL UMBS P#BK1983 3.50000000                                                          | CUSIP: 3140HFFZ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    490956 | PA      | $480887.32    | 0.03%             | 2033-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON V/R 07/22/32  | BANK OF NY MELLON CORP REGD V/R MTN 5.06000000                                                    | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    360000 | PA      | $363902.15    | 0.02%             | 2032-07-22      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| FNR 2018-91 BE 3.5% 12/25/58    | FANNIE MAE REMICS SER 2018-91 CL BE 3.50000000                                                    | CUSIP: 3136B3SL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    499255 | PA      | $446022.33    | 0.03%             | 2058-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BSPRT 2021-FL7 B V/R 12/15/38   | BSPRT 2021-FL7 ISSUER LTD SER 2021-FL7 CL B V/R REGD 144A P/P 6.49319000                          | CUSIP: 05602CAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    370000 | PA      | $369780.22    | 0.02%             | 2038-12-15      | Variable      | 6.49%                 | Yes           |                  2 | On Loan: No      |
| VISTRA OPERATIO 7.75% 10/15/31  | VISTRA OPERATIONS CO LLC REGD 144A P/P 7.75000000                                                 | CUSIP: 92840VAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $74223.66     | 0.00%             | 2031-10-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNA 4.75% 03/15/39  | MARSH & MCLENNAN COS INC REGD 4.75000000                                                          | CUSIP: 571748BH4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    105000 | PA      | $97736.94     | 0.01%             | 2039-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & 5.65% 03/15/55  | VIRGINIA ELEC & POWER CO REGD 5.65000000                                                          | CUSIP: 927804GU2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $190412.81    | 0.01%             | 2055-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMEN 4.95% 03/15/35  | WASTE MANAGEMENT INC REGD 4.95000000                                                              | CUSIP: 94106LCE7<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83883.04     | 0.01%             | 2035-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCIN 4.5% 04/01/30  | LEVEL 3 FINANCING INC REGD 144A P/P 4.50000000                                                    | CUSIP: 527298CD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $57165.55     | 0.00%             | 2030-04-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA IN 5.05% 07/15/33  | T-MOBILE USA INC REGD 5.05000000                                                                  | CUSIP: 87264ACY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $89232.84     | 0.01%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FU 4.7% 05/28/30  | PRICOA GLOBAL FUNDING 1 REGD 144A P/P 4.70000000                                                  | CUSIP: 74153WCW7<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150569.51    | 0.01%             | 2030-05-28      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| T/L DIRECTV FIN 0% 08/02/27     | T/L DIRECTV FINANCING LLC      REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10633 | PA      | $10662.52     | 0.00%             | 2027-08-02      | Variable      | 9.54%                 | No            |                  2 | On Loan: No      |
| SORT 2022-1A A 5.97% 02/15/27   | CF HIPPOLYTA ISSUER LLC SER 2022-1A CL A1 REGD 144A P/P 5.97000000                                | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    183701 | PA      | $183759.55    | 0.01%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BM3075 3.5% 07/01/32     | FANNIE MAE POOL UMBS P#BM3075 3.50000000                                                          | CUSIP: 3140J7MZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    157266 | PA      | $154313.00    | 0.01%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM3505 2.5% 06/01/50     | FANNIE MAE POOL UMBS P#FM3505 2.50000000                                                          | CUSIP: 3140X63P4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    275112 | PA      | $227130.45    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L INEOS US FIN 0% 02/07/31    | T/L INEOS US FINANCE LLC       REGD 0.00000000                                                    | CUSIP: G4768PAS0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    102471 | PA      | $98730.96     | 0.01%             | 2031-02-07      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC V/R 06/04/31  | HSBC HOLDINGS PLC REGD V/R 2.84800000                                                             | CUSIP: 404280CH0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $180311.10    | 0.01%             | 2031-06-04      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT 8% 10/01/30  | ARSENAL AIC PARENT LLC REGD 144A P/P 8.00000000                                                   | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $42005.16     | 0.00%             | 2030-10-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CB0463 2% 05/01/41       | FANNIE MAE POOL UMBS P#CB0463 2.00000000                                                          | CUSIP: 3140QKQR2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    104414 | PA      | $88257.55     | 0.01%             | 2041-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN U 5.75% 03/14/55  | RIO TINTO FIN USA PLC REGD 5.75000000                                                             | CUSIP: 76720AAV8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     91000 | PA      | $88472.76     | 0.01%             | 2055-03-14      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANC 7.125% 03/15/26  | ONEMAIN FINANCE CORP REGD 7.12500000                                                              | CUSIP: 85172FAN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $116556.99    | 0.01%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PA 2.252% 09/29/32  | REPUBLIC OF PANAMA REGD 2.25200000                                                                | CUSIP: 698299BN3<br>LEI: N/A                  | Long             | DBT              | USGA              | PA        |    250000 | PA      | $183750.00    | 0.01%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GNMA 30YR TBA 6% JUN 25         | GNMA 30YR TBA 6% JUN 25        TO BE ANNOUNCED 6.00000000                                         | CUSIP: 21H060663<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    525000 | PA      | $530004.98    | 0.03%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2020 4% 04/01/49       | FANNIE MAE POOL UMBS P#FS2020 4.00000000                                                          | CUSIP: 3140XHG68<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    805462 | PA      | $744124.31    | 0.05%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-C26 X V/R 05/15/34   | BBCMS MORTGAGE TRUST 2024-C26 SER 2024-C26 CL XA V/R REGD 1.01347000                              | CUSIP: 05555AAF2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3678779 | PA      | $270275.12    | 0.02%             | 2057-05-15      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 4.5% 11/15/54      | UNITED STATES TREASURY BOND 4.50000000                                                            | CUSIP: 912810UE6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   1565000 | PA      | $1460829.69   | 0.09%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-NET 2.256% 08/15/25   | CSMC 2020-NET SER 2020-NET CL A REGD 144A P/P 2.25690000                                          | CUSIP: 126438AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    209577 | PA      | $207187.12    | 0.01%             | 2037-08-15      | Fixed         | 2.26%                 | Yes           |                  2 | On Loan: No      |
| STAPLES INC 10.75% 09/01/29     | STAPLES INC REGD 144A P/P 10.75000000                                                             | CUSIP: 855030AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $54316.89     | 0.00%             | 2029-09-01      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| VIKING CRUISES 5.875% 09/15/27  | VIKING CRUISES LTD REGD 144A P/P 5.87500000                                                       | CUSIP: 92676XAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $144927.67    | 0.01%             | 2027-09-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| NAVSL 2023-A A 5.51% 10/15/32   | NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-A SER 2023-A CL A REGD 144A P/P 5.51000000         | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    588317 | PA      | $592677.62    | 0.04%             | 2071-10-15      | Fixed         | 5.51%                 | Yes           |                  2 | On Loan: No      |
| FNMA 30YR TBA 5.5% JUN 25       | FNMA 30YR TBA 5.5% JUN 25      TO BE ANNOUNCED 5.50000000                                         | CUSIP: 01F052664<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3526000 | PA      | $3490427.91   | 0.22%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ISHARES CORE TOTAL US BOND M    | ISHARES CORE TOTAL US BOND M 0.00000000                                                           | CUSIP: 464287226<br>LEI: N/A                  | Long             | EC               | PF                | US        |    130897 | NS      | $12840995.70  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC HOLDINGS LLC 6.5% 02/01/29  | CSC HOLDINGS LLC REGD 144A P/P 6.50000000                                                         | CUSIP: 126307AZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $159569.94    | 0.01%             | 2029-02-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| AJAXM 2021-C A V/R 01/25/61     | AJAX MORTGAGE LOAN TRUST 2021-C SER 2021-C CL A V/R REGD 144A P/P 5.11500000                      | CUSIP: 009733AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    181837 | PA      | $181760.13    | 0.01%             | 2061-01-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SUNCOKE ENERGY 4.875% 06/30/29  | SUNCOKE ENERGY INC REGD 144A P/P 4.87500000                                                       | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91902.75     | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| WESCO DISTRIBU 6.375% 03/15/33  | WESCO DISTRIBUTION INC REGD 144A P/P 6.37500000                                                   | CUSIP: 95081QAS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35649.71     | 0.00%             | 2033-03-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PIKE CORP 8.625% 01/31/31       | PIKE CORP REGD 144A P/P 8.62500000                                                                | CUSIP: 721283AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $70010.20     | 0.00%             | 2031-01-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| ATHENE GLOBAL  4.721% 10/08/29  | ATHENE GLOBAL FUNDING REGD 144A P/P 4.72100000                                                    | CUSIP: 04685A4C2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    698000 | PA      | $688832.16    | 0.04%             | 2029-10-08      | Fixed         | 4.72%                 | Yes           |                  2 | On Loan: No      |
| ALLIANT HOLD / C 6.5% 10/01/31  | ALLIANT HOLD / CO-ISSUER REGD 144A P/P 6.50000000                                                 | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $65520.33     | 0.00%             | 2031-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDI 5.371% 04/04/29  | GLENCORE FUNDING LLC REGD 144A P/P 5.37100000                                                     | CUSIP: 378272BS6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    840000 | PA      | $855451.88    | 0.05%             | 2029-04-04      | Fixed         | 5.37%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 1.375% 08/15/50    | UNITED STATES TREASURY BOND 1.37500000                                                            | CUSIP: 912810SP4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  38550000 | PA      | $18491953.13  | 1.18%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BDS 2024-FL13 A V/R 06/19/29    | BDS 2024-FL13 LLC SER 2024-FL13 CL A V/R REGD 144A P/P 5.90285000                                 | CUSIP: 05555MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    360000 | PA      | $360253.33    | 0.02%             | 2039-09-19      | Variable      | 5.90%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER  6.4% 12/01/30  | ENERGY TRANSFER LP REGD 6.40000000                                                                | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    390000 | PA      | $414620.07    | 0.03%             | 2030-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| COLT 2022-1 A1 V/R 12/27/66     | COLT 2022-1 MORTGAGE LOAN TRUST SER 2022-1 CL A1 V/R REGD 144A P/P 2.28400000                     | CUSIP: 19688HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1101948 | PA      | $985742.21    | 0.06%             | 2066-12-27      | Variable      | 2.28%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS1911 3% 08/01/51       | FANNIE MAE POOL UMBS P#FS1911 3.00000000                                                          | CUSIP: 3140XHDR5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    177899 | PA      | $153636.55    | 0.01%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FIN 2.67% 12/01/26  | CDW LLC/CDW FINANCE REGD 2.67000000                                                               | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $140415.13    | 0.01%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5Y 6.225% 04/15/29   | BANK5 TRUST 2024-5YR6 SER 2024-5YR6 CL A3 REGD 6.22500000                                         | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    270000 | PA      | $282834.88    | 0.02%             | 2057-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| CADILLAC FAIRVIE 2.5% 10/15/31  | CADILLAC FAIRVIEW PRP TR REGD 144A P/P 2.50000000                                                 | CUSIP: 68327LAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2420000 | PA      | $2094663.94   | 0.13%             | 2031-10-15      | Fixed         | 2.50%                 | Yes           |                  2 | On Loan: No      |
| JDOT 2024-A A4 4.91% 10/15/27   | JOHN DEERE OWNER TRUST 2024 SER 2024-A CL A4 REGD 4.91000000                                      | CUSIP: 47800RAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6900000 | PA      | $6973086.87   | 0.44%             | 2031-02-18      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC 3.125% 11/15/29    | ENBRIDGE INC REGD 3.12500000                                                                      | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $205372.26    | 0.01%             | 2029-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TCN 2024-SFR4 A 4.3% 11/17/29   | TRICON RESIDENTIAL 2024-SFR4 TRUST SER 2024-SFR4 CL A REGD 144A P/P 4.30000000                    | CUSIP: 895975AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    618331 | PA      | $603271.40    | 0.04%             | 2041-11-17      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS3026 2.5% 11/01/51     | FANNIE MAE POOL UMBS P#FS3026 2.50000000                                                          | CUSIP: 3140XJLG6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    100156 | PA      | $82759.96     | 0.01%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB  8.375% 10/01/28  | BAUSCH + LOMB CORP REGD 144A P/P 8.37500000                                                       | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $175756.20    | 0.01%             | 2028-10-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| FLAME AGGREGATOR /REST/         | FLAME AGGREGATOR /RESTRICTED/ 0.00000000                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1736 | NS      | $34720.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS P#MA4100 2% 08/01/50       | FANNIE MAE POOL UMBS P#MA4100 2.00000000                                                          | CUSIP: 31418DRW4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6170188 | PA      | $4801123.08   | 0.31%             | 2050-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TAPESTRY INC 5.5% 03/11/35      | TAPESTRY INC REGD 5.50000000                                                                      | CUSIP: 876030AL1<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    355000 | PA      | $348210.03    | 0.02%             | 2035-03-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4841 5% 12/01/52       | FANNIE MAE POOL UMBS P#MA4841 5.00000000                                                          | CUSIP: 31418ELX6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1618250 | PA      | $1573112.88   | 0.10%             | 2052-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDIN 6.5% 08/15/32  | STANDARD BUILDING SOLUTI REGD 144A P/P 6.50000000                                                 | CUSIP: 853191AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50778.85     | 0.00%             | 2032-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| EQUINIX INC 2.95% 09/15/51      | EQUINIX INC REGD 2.95000000                                                                       | CUSIP: 29444UBM7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    275000 | PA      | $164584.22    | 0.01%             | 2051-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CSX CORP 5.05% 06/15/35         | CSX CORP REGD 5.05000000                                                                          | CUSIP: 126408HZ9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46405.83     | 0.00%             | 2035-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HO 12.75% 12/31/28  | TRIDENT TPI HOLDINGS INC REGD 144A P/P 12.75000000                                                | CUSIP: 89616RAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $94109.22     | 0.01%             | 2028-12-31      | Fixed         | 12.75%                | Yes           |                  2 | On Loan: No      |
| UMBS P#SD2305 5.5% 02/01/53     | FREDDIE MAC POOL UMBS P#SD2305 5.50000000                                                         | CUSIP: 3132DPR26<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    574733 | PA      | $571652.30    | 0.04%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IMPRL 2021-NQM2  V/R 09/25/56   | IMPERIAL FUND MORTGAGE TRUST 2021-NQM2 SER 2021-NQM2 CL A1 V/R REGD 144A P/P 1.07300000           | CUSIP: 452761AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    376063 | PA      | $316614.17    | 0.02%             | 2056-09-25      | Variable      | 1.07%                 | Yes           |                  2 | On Loan: No      |
| NETAPP INC 1.875% 06/22/25      | NETAPP INC REGD 1.87500000                                                                        | CUSIP: 64110DAL8<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    201000 | PA      | $200656.78    | 0.01%             | 2025-06-22      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP 5% 08/15/52    | DUKE ENERGY CORP REGD 5.00000000                                                                  | CUSIP: 26441CBU8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     52000 | PA      | $43911.75     | 0.00%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 02/07/39     | MORGAN STANLEY REGD V/R MTN 5.94200000                                                            | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    151000 | PA      | $152404.03    | 0.01%             | 2039-02-07      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| UMBS P#BU7573 3% 01/01/52       | FANNIE MAE POOL UMBS P#BU7573 3.00000000                                                          | CUSIP: 3140M9MX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    267521 | PA      | $229223.91    | 0.01%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GRO V/R 07/23/35  | GOLDMAN SACHS GROUP INC REGD V/R 5.33000000                                                       | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153686.38    | 0.01%             | 2035-07-23      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY COR 2.55% 06/15/31  | DUKE ENERGY CORP REGD 2.55000000                                                                  | CUSIP: 26441CBL8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    705000 | PA      | $618627.54    | 0.04%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ROLLINS INC 5.25% 02/24/35      | ROLLINS INC REGD 144A P/P 5.25000000                                                              | CUSIP: 775711AA2<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65487.37     | 0.00%             | 2035-02-24      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| JBS USA HOLD/F 3.625% 01/15/32  | JBS USA HOLD/FOOD/LUX CO REGD 3.62500000                                                          | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    115000 | PA      | $103382.24    | 0.01%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM7815 2% 05/01/36       | FANNIE MAE POOL UMBS P#FM7815 2.00000000                                                          | CUSIP: 3140XBVH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    209134 | PA      | $189016.26    | 0.01%             | 2036-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COLT 2021-2R A1 V/R 07/27/54    | COLT 2021-2R MORTGAGE LOAN TRUST SER 2021-2R CL A1 V/R REGD 144A P/P 0.79800000                   | CUSIP: 12656YAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    126780 | PA      | $115219.16    | 0.01%             | 2054-07-27      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| NGPL PIPECO LLC 3.25% 07/15/31  | NGPL PIPECO LLC REGD 144A P/P 3.25000000                                                          | CUSIP: 62928CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    167000 | PA      | $146014.80    | 0.01%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA5817 4% 03/20/49    | GINNIE MAE II POOL P#MA5817 4.00000000                                                            | CUSIP: 36179UPA4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    402304 | PA      | $372153.48    | 0.02%             | 2049-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNR 2020-74 HI 5.5% 10/25/50    | FANNIE MAE REMICS SER 2020-74 CL HI 5.50000000                                                    | CUSIP: 3136BB6V9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    515290 | PA      | $91692.90     | 0.01%             | 2050-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORA 5.75% 03/01/28  | GRIFFON CORPORATION REGD 5.75000000                                                               | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114306.46    | 0.01%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UMBS P#ZS4748 4% 12/01/47       | FREDDIE MAC UMBS POOL P#ZS4748 4.00000000                                                         | CUSIP: 3132A5HZ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    675819 | PA      | $630577.59    | 0.04%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF 5.5% 03/15/55  | CON EDISON CO OF NY INC REGD 5.50000000                                                           | CUSIP: 209111GN7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $268008.47    | 0.02%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS  5.375% 02/15/33  | PHILIP MORRIS INTL INC REGD 5.37500000                                                            | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    530000 | PA      | $540433.01    | 0.03%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA3059 3.5% 07/01/37     | FANNIE MAE POOL UMBS P#MA3059 3.50000000                                                          | CUSIP: 31418CMH4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    332882 | PA      | $319491.77    | 0.02%             | 2037-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 6.5% JUN 25       | FNMA 30YR TBA 6.5% JUN 25      TO BE ANNOUNCED 6.50000000                                         | CUSIP: 01F062663<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |   -450000 | PA      | $-462044.63   | -0.03%            | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFIN 6.5% 03/26/31  | MACQUARIE AIRFINANCE HLD REGD 144A P/P 6.50000000                                                 | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     35000 | PA      | $36376.10     | 0.00%             | 2031-03-26      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| PRET 2021-RN3 A1 V/R 09/25/51   | PRET 2021-RN3 LLC SER 2021-RN3 CL A1 V/R REGD 144A P/P 4.84290000                                 | CUSIP: 74143JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    981746 | PA      | $977229.58    | 0.06%             | 2051-09-25      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP 5.8% 06/15/54  | DUKE ENERGY CORP REGD 5.80000000                                                                  | CUSIP: 26441CCF0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    328000 | PA      | $310441.87    | 0.02%             | 2054-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVI 4.875% 04/01/29  | REPUBLIC SERVICES INC REGD 4.87500000                                                             | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    190000 | PA      | $193082.28    | 0.01%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| T/L ZAYO GROUP 0% 03/09/2027    | T/L ZAYO GROUP HOLDINGS INC    REGD 0.00000000                                                    | CUSIP: 98919XAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      5000 | PA      | $4764.90      | 0.00%             | 2027-03-09      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 02/12/36  | BANK OF AMERICA CORP REGD V/R 5.74400000                                                          | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    132000 | PA      | $131248.27    | 0.01%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| ANYWHERE REAL EST/ 7% 04/15/30  | ANYWHERE REAL EST/CO-ISS REGD 144A P/P 7.00000000                                                 | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $45675.89     | 0.00%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| MF1 2025-FL17 A V/R 02/18/40    | MF1 2025-FL17 LLC SER 2025-FL17 CL A V/R REGD 144A P/P 5.64670000                                 | CUSIP: 55287HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $318599.78    | 0.02%             | 2040-02-18      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA3277 4% 02/01/48       | FANNIE MAE POOL UMBS P#MA3277 4.00000000                                                          | CUSIP: 31418CUB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     68737 | PA      | $64128.54     | 0.00%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREAS NTS 0.75% 01/31/28     | UNITED STATES TREASURY NOTE 0.75000000                                                            | CUSIP: 91282CBJ9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  12000000 | PA      | $11058750.00  | 0.70%             | 2028-01-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES 5.55% 08/15/35  | TARGA RESOURCES CORP REGD 5.55000000                                                              | CUSIP: 87612GAM3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    340000 | PA      | $333387.16    | 0.02%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM9993 3.5% 07/01/51     | FANNIE MAE POOL UMBS P#FM9993 3.50000000                                                          | CUSIP: 3140XEC77<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6280511 | PA      | $5615471.57   | 0.36%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICOLD REALTY 5.6% 05/15/32  | AMERICOLD REALTY OPER PA REGD 5.60000000                                                          | CUSIP: 03063UAB7<br>LEI: 549300FKD9KVWNHSUU79 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65494.31     | 0.00%             | 2032-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UMBS P#CA4794 3% 12/01/49       | FANNIE MAE POOL UMBS P#CA4794 3.00000000                                                          | CUSIP: 3140QCKG0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     47677 | PA      | $41023.97     | 0.00%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP 4.55% 04/01/32  | LABORATORY CORP OF AMER REGD 4.55000000                                                           | CUSIP: 50540RBA9<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    305000 | PA      | $297780.97    | 0.02%             | 2032-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC 7.25% 10/31/29      | WAYFAIR LLC REGD 144A P/P 7.25000000                                                              | CUSIP: 94419NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $48696.61     | 0.00%             | 2029-10-31      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| MIDWEST GMNG B 4.875% 05/01/29  | MIDWEST GMNG BOR/MWG FIN REGD 144A P/P 4.87500000                                                 | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95819.62     | 0.01%             | 2029-05-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| PRIMO / TRITON  6.25% 04/01/29  | PRIMO / TRITON WATER HLD REGD 144A P/P 6.25000000                                                 | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $85115.26     | 0.01%             | 2029-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FHMS K124 X1 V/R 12/25/30       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K124 CL X1 V/R 0.80670900             | CUSIP: 3137F9YZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5039336 | PA      | $164965.20    | 0.01%             | 2030-12-25      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| UMBS P#SI2047 2.5% 07/01/50     | FREDDIE MAC POOL UMBS P#SI2047 2.50000000                                                         | CUSIP: 3133USHY0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    477016 | PA      | $395084.88    | 0.03%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FILPK 2018-1A D V/R 07/15/30    | FILLMORE PARK CLO LTD 2018-1A SER 2018-1A CL D V/R REGD 144A P/P 7.41771000                       | CUSIP: 31722PAW6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $801180.16    | 0.05%             | 2030-07-15      | Variable      | 7.42%                 | Yes           |                  2 | On Loan: No      |
| AMCAR 2022-2 B 4.81% 07/18/25   | AMERICREDIT AUTOMOBILE RECEIVABLES TRUST 2022-2 SER 2022-2 CL B REGD 4.81000000                   | CUSIP: 03065WAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1470000 | PA      | $1468379.62   | 0.09%             | 2028-04-18      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| BOEING CO 3.2% 03/01/29         | BOEING CO REGD 3.20000000                                                                         | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118261.68    | 0.01%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4549 3% 02/01/52       | FANNIE MAE POOL UMBS P#MA4549 3.00000000                                                          | CUSIP: 31418EBT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5948126 | PA      | $5070273.29   | 0.32%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#BD7043 4% 03/01/47       | FANNIE MAE POOL UMBS P#BD7043 4.00000000                                                          | CUSIP: 3140FEZH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    498174 | PA      | $465138.32    | 0.03%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SYNIT 2023-A2  5.74% 10/15/26   | SYNCHRONY CARD FUNDING LLC SER 2023-A2 CL A REGD 5.74000000                                       | CUSIP: 87166PAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1430000 | PA      | $1454680.66   | 0.09%             | 2029-10-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE O 5.2% 01/15/35  | PUBLIC SERVICE OKLAHOMA REGD 5.20000000                                                           | CUSIP: 744533BR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    315000 | PA      | $307845.95    | 0.02%             | 2035-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| T/L ASURION LLC 0% 01/31/2028   | T/L ASURION LLC REGD 0.00000000                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     20000 | PA      | $19275.00     | 0.00%             | 2028-01-31      | Variable      | 9.69%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOUR 8.375% 07/01/28  | CIVITAS RESOURCES INC REGD 144A P/P 8.37500000                                                    | CUSIP: 17888HAA1<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40300.20     | 0.00%             | 2028-07-01      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| DIST OF COLUMB 5.751% 04/01/35  | DIST OF COLUMBIA UNIV REVENUE REGD B/E 5.75100000                                                 | CUSIP: 25484JDK3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |     80000 | PA      | $81672.82     | 0.01%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH  5.5% 03/15/55  | BURLINGTN NORTH SANTA FE REGD 5.50000000                                                          | CUSIP: 12189LBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    142000 | PA      | $137415.20    | 0.01%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NRZT 2021-NQ1R A V/R 07/25/55   | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021- SER 2021-NQ1R CL A1 V/R REGD 144A P/P 0.94260000        | CUSIP: 64828BAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    241174 | PA      | $218413.60    | 0.01%             | 2055-07-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| T/L COLORADO BUYE 0% 05/01/24   | T/L COLORADO BUYER INC REGD 0.00000000                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     28638 | PA      | $157.51       | 0.00%             | 2026-05-24      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPEL 5.097% 10/01/31  | COLUMBIA PIPELINE HOLDCO REGD 144A P/P 5.09700000                                                 | CUSIP: 19828AAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $117678.94    | 0.01%             | 2031-10-01      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| AREIT 2025-CRE10 V/R 12/17/29   | AREIT 2025-CRE10 LTD SER 2025-CRE10 CL A V/R REGD 144A P/P 5.71464000                             | CUSIP: 00193DAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    320000 | PA      | $318100.51    | 0.02%             | 2029-12-17      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| US TREAS BDS 4.125% 08/15/53    | UNITED STATES TREASURY BOND 4.12500000                                                            | CUSIP: 912810TT5<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   9490000 | PA      | $8297448.07   | 0.53%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA2602 4% 02/20/45    | GINNIE MAE II POOL P#MA2602 4.00000000                                                            | CUSIP: 36179Q3K5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    274302 | PA      | $256771.30    | 0.02%             | 2045-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VZMT 2024-8 C 4.99% 11/22/27    | VERIZON MASTER TRUST SER 2024-8 CL C REGD 4.99000000                                              | CUSIP: 92348KDQ3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-CBDO         | CORP              | US        |   1055000 | PA      | $1055853.50   | 0.07%             | 2030-11-20      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATI 6.875% 04/15/32  | VISTRA OPERATIONS CO LLC REGD 144A P/P 6.87500000                                                 | CUSIP: 92840VAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67622.23     | 0.00%             | 2032-04-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| AVNET INC 6.25% 03/15/28        | AVNET INC REGD 6.25000000                                                                         | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |    297000 | PA      | $306709.73    | 0.02%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG V/R 02/11/33       | UBS GROUP AG REGD V/R 144A P/P 2.74600000                                                         | CUSIP: 902613AK4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3600000 | PA      | $3089436.62   | 0.20%             | 2033-02-11      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| CLECO CORPORAT 3.375% 09/15/29  | CLECO CORPORATE HOLDINGS REGD 3.37500000                                                          | CUSIP: 18551PAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $92351.96     | 0.01%             | 2029-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AOMT 2021-3 A1 V/R 06/25/25     | ANGEL OAK MORTGAGE TRUST 2021-3 SER 2021-3 CL A1 V/R REGD 144A P/P 1.06800000                     | CUSIP: 03465EAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    523098 | PA      | $449426.35    | 0.03%             | 2066-05-25      | Variable      | 1.07%                 | Yes           |                  2 | On Loan: No      |
| STACR 2022-DNA4  V/R 05/25/42   | FREDDIE MAC STACR REMIC TRUST 2022-DNA4 SER 2022-DNA4 CL M1B V/R REGD 144A P/P 7.67197000         | CUSIP: 35564KWT2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    550000 | PA      | $571629.47    | 0.04%             | 2042-05-25      | Variable      | 7.67%                 | Yes           |                  2 | On Loan: No      |
| MICRON TECHNOLO 5.65% 11/01/32  | MICRON TECHNOLOGY INC REGD 5.65000000                                                             | CUSIP: 595112CG6<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    515000 | PA      | $523332.29    | 0.03%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| T/L BCPE EMPIRE    0% 12/11/30  | T/L BCPE EMPIRE HOLDINGS INC   FACILITY TERM LOAN B 0.00000000                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    134039 | PA      | $132716.09    | 0.01%             | 2030-12-11      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| STAR 2021-2 A1 V/R 05/25/65     | STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-2 SER 2021-2 CL A1 V/R REGD 144A P/P 0.94300000          | CUSIP: 85573HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    109203 | PA      | $101863.96    | 0.01%             | 2065-05-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA6347 2.5% 07/01/50     | FANNIE MAE POOL UMBS P#CA6347 2.50000000                                                          | CUSIP: 3140QEBR2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     49913 | PA      | $41088.99     | 0.00%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA5560 2.5% 07/01/51     | FREDDIE MAC POOL UMBS P#RA5560 2.50000000                                                         | CUSIP: 3133KME92<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    142342 | PA      | $117218.72    | 0.01%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA IN 5.75% 01/15/34  | T-MOBILE USA INC REGD 5.75000000                                                                  | CUSIP: 87264ADC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20739.00     | 0.00%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MSC 2016-UB12 XA V/R 11/15/26   | MORGAN STANLEY CAPITAL I TRUST 2016-UBS12 SER 2016-UB12 CL XA V/R REGD 0.62965600                 | CUSIP: 61691EBB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  11149530 | PA      | $70398.13     | 0.00%             | 2049-12-15      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 3.5% JUN 25       | FNMA 30YR TBA 3.5% JUN 25      TO BE ANNOUNCED 3.50000000                                         | CUSIP: 01F032666<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |  -3111000 | PA      | $-2757192.94  | -0.18%            | 2055-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COM V/R 02/11/31  | WELLS FARGO & COMPANY REGD V/R MTN 2.57200000                                                     | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117445.61    | 0.01%             | 2031-02-11      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016 3.65% 10/07/25  | UNITED AIR 2016-2 B PTT REGD SER 16-2 3.65000000                                                  | CUSIP: 90933JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1072917 | PA      | $1062536.20   | 0.07%             | 2025-10-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OP 6.55% 06/01/34  | CHARTER COMM OPT LLC/CAP REGD 6.55000000                                                          | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $272004.01    | 0.02%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 04/29/31  | BANK OF AMERICA CORP REGD V/R 2.59200000                                                          | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    685000 | PA      | $618037.35    | 0.04%             | 2031-04-29      | Variable      | 2.59%                 | No            |                  2 | On Loan: No      |
| ONEOK INC 4.75% 10/15/31        | ONEOK INC REGD 4.75000000                                                                         | CUSIP: 682680CD3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78090.48     | 0.00%             | 2031-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CBAM 2017-2A BR V/R 07/17/34    | CBAM 2017-2 LTD SER 2017-2A CL BR V/R REGD 144A P/P 6.39140000                                    | CUSIP: 12481KAU2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1495000 | PA      | $1495489.16   | 0.10%             | 2034-07-17      | Variable      | 6.39%                 | Yes           |                  2 | On Loan: No      |
| CWALT 2006-OA2 A V/R 05/20/46   | ALTERNATIVE LOAN TRUST 2006-OA2 SER 2006-OA2 CL A1 V/R REGD 4.85886000                            | CUSIP: 126694R75<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3499114 | PA      | $3076860.31   | 0.20%             | 2046-05-20      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4761 5% 09/01/52       | FANNIE MAE POOL UMBS P#MA4761 5.00000000                                                          | CUSIP: 31418EJF8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6009705 | PA      | $5838301.43   | 0.37%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| T/L FERTITTA 0% 01/27/29        | T/L FERTITTA ENTERTAINMENTLLC  REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     56328 | PA      | $55964.00     | 0.00%             | 2029-01-27      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS V/R 11/19/30        | BNP PARIBAS REGD V/R 144A P/P 5.28300000                                                          | CUSIP: 09659W2Z6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    280000 | PA      | $282700.36    | 0.02%             | 2030-11-19      | Variable      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| ROYALTY PHARMA P 5.4% 09/02/34  | ROYALTY PHARMA PLC REGD 5.40000000                                                                | CUSIP: 78081BAR4<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | US        |    164000 | PA      | $163318.12    | 0.01%             | 2034-09-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COMERICA INC V/R 01/30/30       | COMERICA INC REGD V/R 5.98200000                                                                  | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |     77000 | PA      | $78259.98     | 0.00%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWE 5.375% 03/30/34  | WISCONSIN POWER & LIGHT REGD 5.37500000                                                           | CUSIP: 976826BS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $165274.51    | 0.01%             | 2034-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES  4.8% 11/15/29  | GILEAD SCIENCES INC REGD 4.80000000                                                               | CUSIP: 375558CB7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    395000 | PA      | $400495.10    | 0.03%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SER V/R 01/24/34  | PNC FINANCIAL SERVICES REGD V/R 5.06800000                                                        | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3566993.31   | 0.23%             | 2034-01-24      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| FNR 2021-95 ZV 2.5% 01/25/52    | FANNIE MAE REMICS SER 2021-95 CL ZV 2.50000000                                                    | CUSIP: 3136BKWN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  10261255 | PA      | $5912656.46   | 0.38%             | 2052-01-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AVERY DENNISON  5.75% 03/15/33  | AVERY DENNISON CORP REGD 5.75000000                                                               | CUSIP: 053611AN9<br>LEI: 549300PW7VPFCYKLIV37 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77829.59     | 0.00%             | 2033-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GSMS 2018-GS9 C V/R 03/10/28    | GS MORTGAGE SECURITIES TRUST 2018-GS9 SER 2018-GS9 CL C V/R REGD 4.34506500                       | CUSIP: 36255NAZ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    350000 | PA      | $300261.12    | 0.02%             | 2051-03-10      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| MSC 2024-NSTB A V/R 07/24/32    | MORGAN STANLEY CAPITAL I TRUST 2024-NSTB SER 2024-NSTB CL A V/R REGD 144A P/P 3.90000000          | CUSIP: 61690BAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    355766 | PA      | $342880.37    | 0.02%             | 2057-09-24      | Variable      | 3.90%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDI 5.634% 04/04/34  | GLENCORE FUNDING LLC REGD 144A P/P 5.63400000                                                     | CUSIP: 378272BU1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $362076.99    | 0.02%             | 2034-04-04      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| INTEL CORP 4.75% 03/25/50       | INTEL CORP REGD 4.75000000                                                                        | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    240000 | PA      | $189353.52    | 0.01%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY IN 5% 06/15/30  | DOMINION ENERGY INC REGD 5.00000000                                                               | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    435000 | PA      | $439175.06    | 0.03%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#BS8266 4.75% 04/01/28    | FANNIE MAE POOL UMBS P#BS8266 4.75000000                                                          | CUSIP: 3140LKFG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    120000 | PA      | $121387.96    | 0.01%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| STAR 2021-4 A1 V/R 08/25/56     | STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-4 SER 2021-4 CL A1 V/R REGD 144A P/P 1.16200000          | CUSIP: 85573PAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    757363 | PA      | $658929.78    | 0.04%             | 2056-08-25      | Variable      | 1.16%                 | Yes           |                  2 | On Loan: No      |
| ONEOK INC 5.375% 06/01/29       | ONEOK INC REGD 5.37500000                                                                         | CUSIP: 29336TAA8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     79000 | PA      | $80172.52     | 0.01%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MSC 2020-L4 B 3.082% 02/15/30   | MORGAN STANLEY CAPITAL I TRUST 2020-L4 SER 2020-L4 CL B REGD 3.08200000                           | CUSIP: 61770KBB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $356762.08    | 0.02%             | 2053-02-15      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIE 6.75% 05/02/34  | OFFICE CHERIFIEN DES PHO REGD 6.75000000                                                          | CUSIP: V6560ABE1<br>LEI: N/A                  | Long             | DBT              | CORP              | MA        |    200000 | PA      | $201778.00    | 0.01%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY  7.25% 02/15/35  | HILCORP ENERGY I/HILCORP REGD 144A P/P 7.25000000                                                 | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $55587.31     | 0.00%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| GLM 2022-12A DR V/R 07/20/37    | GOLDENTREE LOAN MANAGEMENT US CLO 12 LTD SER 2022-12A CL DR V/R REGD 144A P/P 7.27238000          | CUSIP: 38138FBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501632.25    | 0.03%             | 2037-07-20      | Variable      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| US TREAS NTS 0.75% 05/31/26     | UNITED STATES TREASURY NOTE 0.75000000                                                            | CUSIP: 91282CCF6<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   4650000 | PA      | $4496368.37   | 0.29%             | 2026-05-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANS 4.248% 09/01/35  | NEW YORK TRANSPRTN DEV CORP LE REGD N/C B/E 4.24800000                                            | CUSIP: 650117AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $675708.54    | 0.04%             | 2035-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL G 5.95% 03/15/35  | NATIONAL FUEL GAS CO REGD 5.95000000                                                              | CUSIP: 636180BU4<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65150.16     | 0.00%             | 2035-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EFMT 2022-1 A1 V/R 01/25/67     | ELLINGTON FINANCIAL MORTGAGE TRUST 2022-1 SER 2022-1 CL A1 V/R REGD 144A P/P 2.20600000           | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    584605 | PA      | $505360.71    | 0.03%             | 2067-01-25      | Variable      | 2.21%                 | Yes           |                  2 | On Loan: No      |
| QUIKRETE HOLDIN 6.75% 03/01/33  | QUIKRETE HOLDINGS INC REGD 144A P/P 6.75000000                                                    | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86253.41     | 0.01%             | 2033-03-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C5 XA V/R 08/15/29    | BMO 2024-5C5 MORTGAGE TRUST SER 2024-5C5 CL XA V/R REGD 1.15967800                                | CUSIP: 05593RAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7278323 | PA      | $300214.81    | 0.02%             | 2057-02-15      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS1369 4% 04/01/50       | FANNIE MAE POOL UMBS P#FS1369 4.00000000                                                          | CUSIP: 3140XGQX0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    550940 | PA      | $514596.63    | 0.03%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T/L KAMAN CORP 00.00% 01/30/32  | T/L KAMAN CORPORATION 0.00000000                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     11638 | PA      | $11552.51     | 0.00%             | 2032-01-30      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL  V/R 01/26/34  | TRUIST FINANCIAL CORP REGD V/R MTN 5.12200000                                                     | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   3295000 | PA      | $3230391.87   | 0.21%             | 2034-01-26      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| FHR 5092 WI 2.5% 04/25/36       | FREDDIE MAC REMICS SER 5092 CL WI 2.50000000                                                      | CUSIP: 3137FYEV4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1307126 | PA      | $118158.40    | 0.01%             | 2036-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO V/R 03/15/55        | SOUTHERN CO REGD V/R SER 2025 6.37500000                                                          | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54881.06     | 0.00%             | 2055-03-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATI 6.375% 06/15/33  | CACI INTERNATIONAL INC REGD 144A P/P 6.37500000                                                   | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35680.40     | 0.00%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE E 5.4% 03/15/35  | PUBLIC SERVICE ENTERPRIS REGD 5.40000000                                                          | CUSIP: 744573BB1<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    620000 | PA      | $617344.53    | 0.04%             | 2035-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD7551 3% 01/01/52       | FREDDIE MAC POOL UMBS P#SD7551 3.00000000                                                         | CUSIP: 3132DVL86<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6726043 | PA      | $5806548.41   | 0.37%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/C 4.75% 02/01/32  | CCO HLDGS LLC/CAP CORP REGD 144A P/P 4.75000000                                                   | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $87943.52     | 0.01%             | 2032-02-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FNCI TBA 15YR 2% JUNE25         | FNCI TBA 15YR 2% JUNE25        TO BE ANNOUNCED 2.00000000                                         | CUSIP: 01F020463<br>LEI: N/A                  | Short            | ABS-MBS          | USGA              | US        |   -300000 | PA      | $-270852.70   | -0.02%            | 2040-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD7552 2.5% 01/01/52     | FREDDIE MAC POOL UMBS P#SD7552 2.50000000                                                         | CUSIP: 3132DVL94<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    997885 | PA      | $825052.43    | 0.05%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHMS K-170 X1 V/R 02/25/35      | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K-170 CL X1 V/R 0.39886000            | CUSIP: 3137HLJ78<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1573090 | PA      | $31985.48     | 0.00%             | 2035-02-25      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM O 5.5% 10/15/30  | HESS MIDSTREAM OPERATION REGD 144A P/P 5.50000000                                                 | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $93927.45     | 0.01%             | 2030-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ISHARES 20+ YEAR TREASURY BD    | ISHARES 20+ YEAR TREASURY BOND ETF 0.00000000                                                     | CUSIP: 464287432<br>LEI: N/A                  | Long             | EC               | RF                | US        |    145349 | NS      | $12540711.72  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS P#RA5052 2% 04/01/51       | FREDDIE MAC POOL UMBS P#RA5052 2.00000000                                                         | CUSIP: 3133KLTH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    752000 | PA      | $588202.74    | 0.04%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#QC9119 3% 10/01/51       | FREDDIE MAC POOL UMBS P#QC9119 3.00000000                                                         | CUSIP: 3133AUDY1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    539088 | PA      | $465057.79    | 0.03%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CEFI 2024-1A A 5.97% 06/15/27   | COMMERCIAL EQUIPMENT FINANCE 2024-1 LLC SER 2024-1A CL A REGD 144A P/P 5.97000000                 | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    341431 | PA      | $344296.68    | 0.02%             | 2029-07-16      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS 4.025% 03/15/62  | CONOCOPHILLIPS COMPANY REGD 4.02500000                                                            | CUSIP: 20826FBD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $169998.22    | 0.01%             | 2062-03-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST GAS CO 2.2% 06/15/30  | SOUTHWEST GAS CORP REGD 2.20000000                                                                | CUSIP: 845011AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    193000 | PA      | $170794.00    | 0.01%             | 2030-06-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BRTPT 2024-5A D1 V/R 10/20/37   | BRANT POINT CLO 2024-5 LTD SER 2024-5A CL D1 V/R REGD 144A P/P 7.36947000                         | CUSIP: 83617CAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $498329.55    | 0.03%             | 2037-10-20      | Variable      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| AUTONATION INC 5.89% 03/15/35   | AUTONATION INC REGD 5.89000000                                                                    | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $130275.55    | 0.01%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| BBCMS 2024-C28 X V/R 08/15/34   | BBCMS MORTGAGE TRUST 2024-C28 SER 2024-C28 CL XA V/R REGD 1.10997800                              | CUSIP: 07336WBC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2425158 | PA      | $188881.24    | 0.01%             | 2057-09-15      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA8751 6% 03/01/53       | FREDDIE MAC POOL UMBS P#RA8751 6.00000000                                                         | CUSIP: 3133KQWL6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    156547 | PA      | $159518.48    | 0.01%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SIDC 2024-1A A2 5.9% 03/26/29   | STACK INFRASTRUCTURE ISSUER LLC SER 2024-1A CL A2 REGD 144A P/P 5.90000000                        | CUSIP: 85236KAM4<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-CBDO         | CORP              | US        |    320000 | PA      | $323631.87    | 0.02%             | 2049-03-25      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| MARRIOTT INTERN 5.35% 03/15/35  | MARRIOTT INTERNATIONAL REGD 5.35000000                                                            | CUSIP: 571903BS1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    290000 | PA      | $286076.26    | 0.02%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CBASS 2006-CB9 A V/R 11/25/36   | C-BASS 2006-CB9 TRUST SER 2006-CB9 CL A4 V/R REGD 4.89920000                                      | CUSIP: 12465MAD6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4123043 | PA      | $1852663.40   | 0.12%             | 2036-11-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| GNR 2021-77 IT 2.5% 05/20/51    | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-77 CL IT 2.50000000                             | CUSIP: 38382QW30<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13245859 | PA      | $1754974.32   | 0.11%             | 2051-05-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GU 4.375% 06/05/27  | REPUBLIC OF GUATEMALA REGD REG S 4.37500000                                                       | CUSIP: P5015VAG1<br>LEI: N/A                  | Long             | DBT              | USGA              | GT        |    200000 | PA      | $196066.00    | 0.01%             | 2027-06-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 1.25% 05/15/50     | UNITED STATES TREASURY BOND 1.25000000                                                            | CUSIP: 912810SN9<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  47114000 | PA      | $22009231.60  | 1.40%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA 5% 07/15/32     | GOVT OF BERMUDA REGD REG S 5.00000000                                                             | CUSIP: G10367AH6<br>LEI: N/A                  | Long             | DBT              | USGA              | BM        |    800000 | PA      | $774464.00    | 0.05%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD7513 3.5% 04/01/50     | FREDDIE MAC POOL UMBS P#SD7513 3.50000000                                                         | CUSIP: 3132DVK20<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    324648 | PA      | $292961.10    | 0.02%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 1.625% 11/15/50    | UNITED STATES TREASURY BOND 1.62500000                                                            | CUSIP: 912810SS8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   8000000 | PA      | $4107500.00   | 0.26%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPEL 5.927% 08/15/30  | COLUMBIA PIPELINES OPCO REGD 144A P/P 5.92700000                                                  | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $280528.60    | 0.02%             | 2030-08-15      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| BOEING CO 2.95% 02/01/30        | BOEING CO REGD 2.95000000                                                                         | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    126000 | PA      | $115585.79    | 0.01%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MITER BRAND / M 6.75% 04/01/32  | MITER BRAND / MIWD BORR REGD 144A P/P 6.75000000                                                  | CUSIP: 60672JAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $105790.34    | 0.01%             | 2032-04-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RB0715 2% 12/01/41       | FREDDIE MAC POOL UMBS P#RB0715 2.00000000                                                         | CUSIP: 3133KTYL8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    601118 | PA      | $505405.95    | 0.03%             | 2041-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TEXAS 2025-TWR A V/R 03/15/27   | TEXAS COMMERCIAL MORTGAGE TRUST 2025-TWR SER 2025-TWR CL A V/R REGD 144A P/P 5.62184000           | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    985000 | PA      | $980536.37    | 0.06%             | 2042-04-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| ELLUCIAN HOLDING 6.5% 12/01/29  | ELLUCIAN HOLDINGS INC REGD 144A P/P 6.50000000                                                    | CUSIP: 289178AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95944.02     | 0.01%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA4493 2.5% 12/01/51     | FANNIE MAE POOL UMBS P#MA4493 2.50000000                                                          | CUSIP: 31418D7F3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5605903 | PA      | $4582330.91   | 0.29%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA  5% 03/14/32  | RIO TINTO FIN USA PLC REGD 5.00000000                                                             | CUSIP: 76720AAT3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     95000 | PA      | $95377.82     | 0.01%             | 2032-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS  4.6% 09/01/29  | SONOCO PRODUCTS CO REGD 4.60000000                                                                | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74070.25     | 0.00%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| AOMT 2021-4 A1 V/R 01/20/65     | ANGEL OAK MORTGAGE TRUST 2021-4 SER 2021-4 CL A1 V/R REGD 144A P/P 1.03500000                     | CUSIP: 03464EAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    430774 | PA      | $360437.82    | 0.02%             | 2065-01-20      | Variable      | 1.03%                 | Yes           |                  2 | On Loan: No      |
| T/L LUMEN TECHNOL ZCP 04/15/29  | T/L LUMEN TECHNOLOGIES INC REGD ZCP TERM LOAN 0.00000000                                          | CUSIP: 55024EAF2<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | LON              | CORP              | US        |     10489 | PA      | $10377.10     | 0.00%             | 2029-04-15      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSU 6.75% 03/15/29  | AAR ESCROW ISSUER LLC REGD 144A P/P 6.75000000                                                    | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71726.20     | 0.00%             | 2029-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL  V/R 10/30/29  | TRUIST FINANCIAL CORP REGD V/R MTN 7.16100000                                                     | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     66000 | PA      | $71051.61     | 0.00%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| FHR 5539 FC V/R 05/25/55        | FREDDIE MAC REMICS SER 5539 CL FC V/R 5.82197000                                                  | CUSIP: 3137HL3Y6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4612497 | PA      | $4619656.34   | 0.29%             | 2055-05-25      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| GNMA II P#785305 3% 06/20/50    | GINNIE MAE II POOL P#785305 3.00000000                                                            | CUSIP: 3622AAYA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    431949 | PA      | $375847.06    | 0.02%             | 2050-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS I 5.3% 10/01/26  | CONAGRA BRANDS INC REGD 5.30000000                                                                | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    460000 | PA      | $463434.76    | 0.03%             | 2026-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICI 6.01% 01/20/33  | CHILE ELECTRICITY LUX REGD REG S 6.01000000                                                       | CUSIP: L15669AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    186000 | PA      | $190882.50    | 0.01%             | 2033-01-20      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| UDR INC 3.2% 01/15/30           | UDR INC REGD MTN 3.20000000                                                                       | CUSIP: 90265EAQ3<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   5160000 | PA      | $4858392.58   | 0.31%             | 2030-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE 6.125% 10/15/33  | PUBLIC SERVICE ENTERPRIS REGD 6.12500000                                                          | CUSIP: 744573AX4<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41930.86     | 0.00%             | 2033-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VOLT 2021-NPL4 A V/R 03/27/51   | VOLT XCV LLC SER 2021-NPL4 CL A1 V/R REGD 144A P/P 6.23960000                                     | CUSIP: 92873BAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    114006 | PA      | $113864.41    | 0.01%             | 2051-03-27      | Variable      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#RA7790 5% 08/01/52       | FREDDIE MAC POOL UMBS P#RA7790 5.00000000                                                         | CUSIP: 3133KPUP1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    157925 | PA      | $153467.51    | 0.01%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHR 4447 IO 5% 03/15/45         | FREDDIE MAC REMICS SER 4447 CL IO 5.00000000                                                      | CUSIP: 3137BGWY1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    559574 | PA      | $116197.43    | 0.01%             | 2045-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREAS BDS 3.375% 08/15/42    | UNITED STATES TREASURY BOND 3.37500000                                                            | CUSIP: 912810TK4<br>LEI: N/A                  | Long             | DBT              | UST               | US        |   5735000 | PA      | $4720845.88   | 0.30%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VBTEL 2024-1A  5.59% 05/15/29   | VB-S1 ISSUER LLC - VBTEL SER 2024-1A CL C2 REGD 144A P/P 5.59000000                               | CUSIP: 91823ABC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    670000 | PA      | $674752.85    | 0.04%             | 2054-05-15      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS C 5.3% 05/15/53  | CONOCOPHILLIPS COMPANY REGD 5.30000000                                                            | CUSIP: 20826FBE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $75846.93     | 0.00%             | 2053-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT  9.25% 07/01/32  | VOYAGER PARENT LLC REGD 144A P/P 9.25000000                                                       | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61986.84     | 0.00%             | 2032-07-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| CONOCOPHILLIPS C 5.7% 09/15/63  | CONOCOPHILLIPS COMPANY REGD 5.70000000                                                            | CUSIP: 20826FBH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $138125.09    | 0.01%             | 2063-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| G2SF 30 YR TBA 4.5% JUN 25      | G2SF 30 YR TBA 4.5% JUN 25     TO BE ANNOUNCED 4.50000000                                         | CUSIP: 21H042661<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3670000 | PA      | $3461908.87   | 0.22%             | 2055-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| COLT 2021-3 A1 V/R 09/27/66     | COLT 2021-3 MORTGAGE LOAN TRUST SER 2021-3 CL A1 V/R REGD 144A P/P 0.95600000                     | CUSIP: 19688FAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    782254 | PA      | $647008.04    | 0.04%             | 2066-09-27      | Variable      | 0.96%                 | Yes           |                  2 | On Loan: No      |
| MFRA 2021-NQM2 A V/R 11/25/64   | MFA 2021-NQM2 TRUST SER 2021-NQM2 CL A1 V/R REGD 144A P/P 1.02900000                              | CUSIP: 55283WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    267280 | PA      | $233434.14    | 0.01%             | 2064-11-25      | Variable      | 1.03%                 | Yes           |                  2 | On Loan: No      |
| MSC 2019-H7 A 3.524% 07/15/29   | MORGAN STANLEY CAPITAL I TRUST 2019-H7 SER 2019-H7 CL AS REGD 3.52400000                          | CUSIP: 61771MAZ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $372011.28    | 0.02%             | 2052-07-15      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| GSMS 2017-GS7 XA V/R 07/10/27   | GS MORTGAGE SECURITIES TRUST 2017-GS7 SER 2017-GS7 CL XA V/R REGD 1.07277300                      | CUSIP: 36254CAX8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   9817377 | PA      | $165328.56    | 0.01%             | 2050-08-10      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-1 B1 V/R 01/25/66    | VERUS SECURITIZATION TRUST 2021-1 SER 2021-1 CL B1 V/R REGD 144A P/P 2.97700000                   | CUSIP: 92537QAH4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3814000 | PA      | $2870918.70   | 0.18%             | 2066-01-25      | Variable      | 2.98%                 | Yes           |                  2 | On Loan: No      |
| BHP BILLITON FIN 4.9% 02/28/33  | BHP BILLITON FIN USA LTD REGD 4.90000000                                                          | CUSIP: 055451BA5<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    245000 | PA      | $242937.45    | 0.02%             | 2033-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MF1 2021-FL7 A V/R 10/16/36     | MF1 2021-FL7 LTD SER 2021-FL7 CL A V/R REGD 144A P/P 5.52118000                                   | CUSIP: 55284AAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    199229 | PA      | $198990.82    | 0.01%             | 2036-10-16      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| DEVON ENERGY CO 5.75% 09/15/54  | DEVON ENERGY CORPORATION REGD 5.75000000                                                          | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     76000 | PA      | $66065.44     | 0.00%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| T/L VESTIS CORP 0.00% 02/22/31  | T/L VESTIS CORPORATION 0.00000000                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     58188 | PA      | $54793.42     | 0.00%             | 2031-02-22      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| T/L WHITEWATER MAT 0% 05/12/32  | T/L WHITEWATER MATTERHORN      HOLDINGS LLC REGD 0.00000000                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10000 | PA      | $9981.30      | 0.00%             | 2032-05-12      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FM8350 1.5% 09/01/51     | FANNIE MAE POOL UMBS P#FM8350 1.50000000                                                          | CUSIP: 3140XCH43<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    982666 | PA      | $725787.41    | 0.05%             | 2051-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS8642 6% 06/01/54       | FANNIE MAE POOL UMBS P#FS8642 6.00000000                                                          | CUSIP: 3140XQS81<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6501264 | PA      | $6618915.44   | 0.42%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                             | IRS RSOFRP02.97 03/15/53 CHASUS33 FLOAT                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $569184.90    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AUTOZONE INC 5.4% 07/15/34      | AUTOZONE INC REGD 5.40000000                                                                      | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40306.68     | 0.00%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC 4.75% 09/01/29    | COMMSCOPE LLC REGD 144A P/P 4.75000000                                                            | CUSIP: 203372AX5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $25853.34     | 0.00%             | 2029-09-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| TCO 2024-DPM C V/R 12/15/26     | TCO COMMERCIAL MORTGAGE TRUST 2024-DPM SER 2024-DPM CL C V/R REGD 144A P/P 6.32057000             | CUSIP: 87231EAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    220000 | PA      | $215997.50    | 0.01%             | 2039-12-15      | Variable      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#QF2008 5% 10/01/52       | FREDDIE MAC POOL UMBS P#QF2008 5.00000000                                                         | CUSIP: 3133BPGR3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    746172 | PA      | $723961.87    | 0.05%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC 5.5% 03/15/64        | ABBVIE INC REGD 5.50000000                                                                        | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    160000 | PA      | $151762.84    | 0.01%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIE 4.8% 09/15/34  | UBER TECHNOLOGIES INC REGD 4.80000000                                                             | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    305000 | PA      | $294317.44    | 0.02%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIA V/R 03/05/31  | CITIZENS FINANCIAL GROUP REGD V/R 5.25300000                                                      | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    265000 | PA      | $265276.16    | 0.02%             | 2031-03-05      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MHC 2021-MHC2 D V/R 05/15/38    | MHC TRUST 2021-MHC2 SER 2021-MHC2 CL D V/R REGD 144A P/P 5.94348000                               | CUSIP: 55293AAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    112000 | PA      | $111790.00    | 0.01%             | 2038-05-15      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BF0144 3.5% 10/01/56     | FANNIE MAE POOL UMBS P#BF0144 3.50000000                                                          | CUSIP: 3140FXES7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    886741 | PA      | $784290.69    | 0.05%             | 2056-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL  V/R 08/05/32  | TRUIST FINANCIAL CORP REGD V/R MTN 5.15300000                                                     | CUSIP: 89788MAT9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145800.37    | 0.01%             | 2032-08-05      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUN 4.5% 05/01/29  | UNIVISION COMMUNICATIONS REGD 144A P/P 4.50000000                                                 | CUSIP: 914906AV4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $66574.80     | 0.00%             | 2029-05-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                             | IRS RSOFRP03.25 06/21/53 CHASUS33 FLOAT                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $145201.78    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA C V/R 10/24/31  | BANK OF AMERICA CORP REGD V/R MTN 1.92200000                                                      | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5175000 | PA      | $4454557.97   | 0.28%             | 2031-10-24      | Variable      | 1.92%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP I 4.875% 06/30/29  | AMWINS GROUP INC REGD 144A P/P 4.87500000                                                         | CUSIP: 031921AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $95804.07     | 0.01%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS1172 3% 11/01/51       | FANNIE MAE POOL UMBS P#FS1172 3.00000000                                                          | CUSIP: 3140XGJS9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    871197 | PA      | $745468.26    | 0.05%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2831 4% 03/01/46       | FANNIE MAE POOL UMBS P#FS2831 4.00000000                                                          | CUSIP: 3140XJED1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     78585 | PA      | $73988.09     | 0.00%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VOLT 2021-NPL8 A V/R 04/25/51   | VOLT XCIX LLC SER 2021-NPL8 CL A1 V/R REGD 144A P/P 6.11570000                                    | CUSIP: 92872VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    107215 | PA      | $107150.80    | 0.01%             | 2051-04-25      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP 5% 05/15/44  | ENERGY TRANSFER LP REGD 5.00000000                                                                | CUSIP: 292480AJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     89000 | PA      | $74483.74     | 0.00%             | 2044-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO  5.5% 07/01/29  | SIRIUS XM RADIO LLC REGD 144A P/P 5.50000000                                                      | CUSIP: 82967NBC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122955.64    | 0.01%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA I 2.875% 02/15/31  | T-MOBILE USA INC REGD 2.87500000                                                                  | CUSIP: 87264ABT1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2001000 | PA      | $1800763.53   | 0.11%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| T/L APRO LLC 0% 07/09/31        | T/L APRO LLC REGD 0.00000000                                                                      | CUSIP: 03834XAP8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     89550 | PA      | $89027.92     | 0.01%             | 2031-07-09      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC 6% 11/15/28        | ENBRIDGE INC REGD 6.00000000                                                                      | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $36570.15     | 0.00%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PA 4% 01/15/32  | TARGA RESOURCES PARTNERS REGD 144A 4.00000000                                                     | CUSIP: 87612BBU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    455000 | PA      | $416059.95    | 0.03%             | 2032-01-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| UNITI GROUP/CSL 10.5% 02/15/28  | UNITI GROUP/CSL CAPITAL REGD 144A P/P 10.50000000                                                 | CUSIP: 91327TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     63000 | PA      | $66835.38     | 0.00%             | 2028-02-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| GNMA II P#MA6282 2.5% 11/20/49  | GINNIE MAE II POOL P#MA6282 2.50000000                                                            | CUSIP: 36179U6T4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    558488 | PA      | $470789.92    | 0.03%             | 2049-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RMLT 2021-1R A1 V/R 01/25/65    | RESIDENTIAL MORTGAGE LOAN TRUST 2021-1R SER 2021-1R CL A1 V/R REGD 144A P/P 0.85900000            | CUSIP: 76090NAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    102504 | PA      | $98042.97     | 0.01%             | 2065-01-25      | Variable      | 0.86%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#FS4639 6% 05/01/53       | FANNIE MAE POOL UMBS P#FS4639 6.00000000                                                          | CUSIP: 3140XLEM6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    397640 | PA      | $405432.49    | 0.03%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHR 4518 CZ 3.5% 10/15/45       | FREDDIE MAC REMICS SER 4518 CL CZ 3.50000000                                                      | CUSIP: 3137BLP93<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    139784 | PA      | $128316.26    | 0.01%             | 2045-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA2618 2.5% 05/01/50     | FREDDIE MAC POOL UMBS P#RA2618 2.50000000                                                         | CUSIP: 3133KH4B9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    259493 | PA      | $214932.15    | 0.01%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC 9.25% 06/01/30    | COREWEAVE INC REGD 144A P/P 9.25000000                                                            | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39955.12     | 0.00%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| GATES CORPORAT 6.875% 07/01/29  | GATES CORPORATION/DE REGD 144A P/P 6.87500000                                                     | CUSIP: 367398AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $71733.14     | 0.00%             | 2029-07-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| CODELCO INC 5.125% 02/02/33     | CODELCO INC REGD REG S 5.12500000                                                                 | CUSIP: P3143NBP8<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |    200000 | PA      | $191383.20    | 0.01%             | 2033-02-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRK 2021-INV1 A1 V/R 07/25/56   | TRK 2021-INV1 TRUST SER 2021-INV1 CL A1 V/R REGD 144A P/P 1.15300000                              | CUSIP: 89688WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    266650 | PA      | $235764.81    | 0.02%             | 2056-07-25      | Variable      | 1.15%                 | Yes           |                  2 | On Loan: No      |
| DRMT 2021-2 A1 V/R 04/25/66     | DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2 SER 2021-2 CL A1 V/R REGD 144A P/P 0.89900000              | CUSIP: 24381WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    171477 | PA      | $150718.31    | 0.01%             | 2066-04-25      | Variable      | 0.90%                 | Yes           |                  2 | On Loan: No      |
| GMCAR 2023-3 B 5.72% 03/16/27   | GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-3 SER 2023-3 CL B REGD 5.72000000         | CUSIP: 36267KAF4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1555000 | PA      | $1584590.41   | 0.10%             | 2029-01-16      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 04/22/31  | JPMORGAN CHASE & CO REGD V/R 5.10300000                                                           | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    531000 | PA      | $538703.90    | 0.03%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| BACARDI LTD / MA 5.4% 06/15/33  | BACARDI LTD / MARTINI BV REGD 144A P/P 5.40000000                                                 | CUSIP: 05635JAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    179000 | PA      | $174439.88    | 0.01%             | 2033-06-15      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| NCL CORPORATION 6.75% 02/01/32  | NCL CORPORATION LTD REGD 144A P/P 6.75000000                                                      | CUSIP: 62886HBR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35006.51     | 0.00%             | 2032-02-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| MLMI 2006-HE6 A1 V/R 11/25/37   | MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIE SER 2006-HE6 CL A1 V/R REGD 4.71920000               | CUSIP: 59023XAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   7212249 | PA      | $3465094.87   | 0.22%             | 2037-11-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD8140 2% 04/01/51       | FREDDIE MAC POOL UMBS P#SD8140 2.00000000                                                         | CUSIP: 3132DWBH5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    366659 | PA      | $286556.20    | 0.02%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| VOLT 2021-CF1 A1 V/R 08/25/24   | VOLT CIII LLC SER 2021-CF1 CL A1 V/R REGD 144A P/P 4.99180000                                     | CUSIP: 92873JAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    379162 | PA      | $378961.76    | 0.02%             | 2051-08-25      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD2102 2.5% 07/01/51     | FREDDIE MAC POOL UMBS P#SD2102 2.50000000                                                         | CUSIP: 3132DPKP2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    116210 | PA      | $95804.73     | 0.01%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GRAFTECH FINAN 4.625% 12/23/29  | GRAFTECH FINANCE INC REGD 144A P/P 4.62500000                                                     | CUSIP: 384311AC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $18719.70     | 0.00%             | 2029-12-23      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FNA 2022-M5 A1 V/R 01/01/34     | FANNIE MAE-ACES SER 2022-M5 CL A1 V/R 2.34600000                                                  | CUSIP: 3136BLN63<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6678399 | PA      | $6216779.76   | 0.40%             | 2034-01-01      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY OHI 5.55% 03/15/54  | DUKE ENERGY OHIO INC REGD 5.55000000                                                              | CUSIP: 26442EAL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $238944.55    | 0.02%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD0665 3% 08/01/51       | FREDDIE MAC POOL UMBS P#SD0665 3.00000000                                                         | CUSIP: 3132DMW27<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |     80501 | PA      | $69181.21     | 0.00%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CWALT 2005-7CB 2 V/R 03/01/38   | ALTERNATIVE LOAN TRUST 2005-7CB SER 2005-7CB CL 2A2 V/R REGD 0.61080000                           | CUSIP: 12667F4M4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4152585 | PA      | $206993.89    | 0.01%             | 2038-03-01      | Variable      | 0.61%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC 3.1% 11/15/29  | CROWN CASTLE INC REGD 3.10000000                                                                  | CUSIP: 22822VAN1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    185000 | PA      | $172185.09    | 0.01%             | 2029-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD2413 4% 02/01/51       | FREDDIE MAC POOL UMBS P#SD2413 4.00000000                                                         | CUSIP: 3132DPVE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   6492113 | PA      | $6056972.26   | 0.39%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GSMS 2024-70P A V/R 03/10/29    | GS MORTGAGE SECURITIES CORP II SER 2024-70P CL A V/R REGD 144A P/P 5.31021000                     | CUSIP: 36269JAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1405000 | PA      | $1405479.25   | 0.09%             | 2041-03-10      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#CA7381 3% 10/01/50       | FANNIE MAE POOL UMBS P#CA7381 3.00000000                                                          | CUSIP: 3140QFFX2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    330940 | PA      | $282660.11    | 0.02%             | 2050-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| T/L  W R GRAC 0% 09/22/28       | T/L  W R GRACE HOLDINGS LLC    REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     25000 | PA      | $24900.00     | 0.00%             | 2028-09-22      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| FNMA 30YR TBA 5% JUN 25         | FNMA 30YR TBA 5% JUN 25        TO BE ANNOUNCED 5.00000000                                         | CUSIP: 01F050668<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   7500000 | PA      | $7258921.28   | 0.46%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC 6.55% 11/01/33     | AUTOZONE INC REGD 6.55000000                                                                      | CUSIP: 053332BH4<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    150000 | PA      | $163028.64    | 0.01%             | 2033-11-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP 5.45% 08/14/53  | MCDONALD'S CORP REGD 5.45000000                                                                   | CUSIP: 58013MFW9<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    154000 | PA      | $145490.75    | 0.01%             | 2053-08-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2099 1.5% 04/01/52     | FANNIE MAE POOL UMBS P#FS2099 1.50000000                                                          | CUSIP: 3140XHKM8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    797740 | PA      | $588210.34    | 0.04%             | 2052-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERN 5.45% 05/07/35  | AMERICAN INTERNATIONAL REGD 5.45000000                                                            | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67367.84     | 0.00%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH C 5.25% 01/30/30  | BAUSCH HEALTH COS INC REGD 144A P/P 5.25000000                                                    | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $19866.03     | 0.00%             | 2030-01-30      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CSX CORP 3.35% 09/15/49         | CSX CORP REGD 3.35000000                                                                          | CUSIP: 126408HR7<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    362000 | PA      | $245769.23    | 0.02%             | 2049-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FI 5.25% 09/08/33  | BHP BILLITON FIN USA LTD REGD 5.25000000                                                          | CUSIP: 055451BE7<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |     25000 | PA      | $25208.99     | 0.00%             | 2033-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY I 5.4% 02/15/35  | COTERRA ENERGY INC REGD 5.40000000                                                                | CUSIP: 127097AM5<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    491000 | PA      | $476121.41    | 0.03%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC 4.75% 05/20/32     | QUALCOMM INC REGD 4.75000000                                                                      | CUSIP: 747525BV4<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |    400000 | PA      | $399687.78    | 0.03%             | 2032-05-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC 10.75% 11/15/29  | SABRE GLBL INC REGD 144A P/P 10.75000000                                                          | CUSIP: 78573NAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $37740.00     | 0.00%             | 2029-11-15      | Fixed         | 10.75%                | Yes           |                  2 | On Loan: No      |
| COMMONWEALTH ED 5.95% 06/01/55  | COMMONWEALTH EDISON CO REGD 5.95000000                                                            | CUSIP: 202795KB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    322000 | PA      | $322476.29    | 0.02%             | 2055-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| OGLETHORPE POWE 5.05% 10/01/48  | OGLETHORPE POWER CORP REGD SER WI 5.05000000                                                      | CUSIP: 677050AN6<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |    110000 | PA      | $94859.93     | 0.01%             | 2048-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD7565 5.5% 09/01/53     | FREDDIE MAC POOL UMBS P#SD7565 5.50000000                                                         | CUSIP: 3132DVMN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3233864 | PA      | $3236209.15   | 0.21%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE 6.388% 05/01/31   | BOEING CO/THE REGD SER WI 6.38800000                                                              | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    110000 | PA      | $117367.20    | 0.01%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| T/L TRIDENT TP 0% 09/15/28      | T/L TRIDENT TPI HOLDINGS  INC  REGD 0.00000000                                                    | CUSIP: 00216EAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     54512 | PA      | $52666.00     | 0.00%             | 2028-09-15      | Variable      | 8.05%                 | No            |                  2 | On Loan: No      |
| FHR 4504 DZ 3.5% 08/15/45       | FREDDIE MAC REMICS SER 4504 CL DZ 3.50000000                                                      | CUSIP: 3137BL7E2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    648512 | PA      | $608721.06    | 0.04%             | 2045-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMMT 2006-S4 A7 6% 01/25/37    | JP MORGAN MORTGAGE TRUST 2006-S4 SER 2006-S4 CL A7 REGD 6.00000000                                | CUSIP: 46629SAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   6350248 | PA      | $2269392.64   | 0.14%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RRAM 2022-23A A2 V/R 10/15/35   | RR 23 LTD SER 2022-23A CL A2R V/R REGD 144A P/P 6.90610000                                        | CUSIP: 75000GAV8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1420000 | PA      | $1423818.66   | 0.09%             | 2035-10-15      | Variable      | 6.91%                 | Yes           |                  2 | On Loan: No      |
| LIMA METRO LIN 5.875% 07/05/34  | LIMA METRO LINE 2 FIN LT REGD 5.87500000                                                          | CUSIP: G54897AA4<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |    238596 | PA      | $239786.29    | 0.02%             | 2034-07-05      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWE 5.25% 10/01/29  | MEDLINE BORROWER LP REGD 144A P/P 5.25000000                                                      | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102611.71    | 0.01%             | 2029-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| US TREAS NTS 4.25% 06/30/29     | UNITED STATES TREASURY NOTE 4.25000000                                                            | CUSIP: 91282CKX8<br>LEI: N/A                  | Long             | DBT              | UST               | US        |  13840000 | PA      | $14007053.09  | 0.89%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| EVERGY INC 2.9% 09/15/29        | EVERGY INC REGD 2.90000000                                                                        | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    235000 | PA      | $218911.53    | 0.01%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CGCMT 2020-55 2.647% 12/10/29   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-555 SER 2020-555 CL A REGD 144A P/P 2.64700000           | CUSIP: 17328EAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    170000 | PA      | $150801.78    | 0.01%             | 2041-12-10      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| ADC 2023-1A A2 6% 08/15/28      | ALIGNED DATA CENTERS ISSUER LLC SER 2023-1A CL A2 REGD 144A P/P 6.00000000                        | CUSIP: 01627AAD0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    690000 | PA      | $695698.02    | 0.04%             | 2048-08-17      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| FHR 5178 IO 4% 03/25/45         | FREDDIE MAC REMICS SER 5178 CL IO 4.00000000                                                      | CUSIP: 3137H54D6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    621477 | PA      | $112640.00    | 0.01%             | 2045-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T/L ADMI CORP 0% 12/23/2027     | T/L ADMI CORP. (AKA ASPEN      DENTAL) REGD 0.00000000                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     93346 | PA      | $89285.12     | 0.01%             | 2027-12-23      | Variable      | 8.19%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN S 6.4% 05/07/54  | UNITED MEXICAN STATES REGD 6.40000000                                                             | CUSIP: 91087BBA7<br>LEI: N/A                  | Long             | DBT              | USGA              | MX        |    200000 | PA      | $176044.00    | 0.01%             | 2054-05-07      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA3572 3% 04/20/31    | GINNIE MAE II POOL P#MA3572 3.00000000                                                            | CUSIP: 36179R6H7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    165430 | PA      | $160905.40    | 0.01%             | 2031-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD2960 5% 04/01/53       | FREDDIE MAC POOL UMBS P#SD2960 5.00000000                                                         | CUSIP: 3132DQJD9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    278111 | PA      | $271115.02    | 0.02%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO 5.1% 04/02/35  | ALABAMA POWER CO REGD 5.10000000                                                                  | CUSIP: 010392GC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29785.65     | 0.00%             | 2035-04-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CLVR 2021-3A DR V/R 01/25/35    | CLOVER CLO 2021-3 LLC SER 2021-3A CL DR V/R REGD 144A P/P 6.83177000                              | CUSIP: 18915FAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $488832.60    | 0.03%             | 2035-01-25      | Variable      | 6.83%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC GAS & E 3.25% 06/01/31  | PACIFIC GAS & ELECTRIC REGD 3.25000000                                                            | CUSIP: 694308JT5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $248357.09    | 0.02%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC 4.95% 03/15/31       | ABBVIE INC REGD 4.95000000                                                                        | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208326.76    | 0.01%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN 6.338% 05/04/53  | UNITED MEXICAN STATES REGD 6.33800000                                                             | CUSIP: 91087BAX8<br>LEI: N/A                  | Long             | DBT              | USGA              | MX        |    500000 | PA      | $437925.00    | 0.03%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS1886 3% 11/01/51       | FANNIE MAE POOL UMBS P#FS1886 3.00000000                                                          | CUSIP: 3140XHCY1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    198330 | PA      | $170296.76    | 0.01%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CO 5.834% 02/20/31  | BAT CAPITAL CORP REGD 5.83400000                                                                  | CUSIP: 05526DBY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $166702.63    | 0.01%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & PO 5% 04/01/33  | VIRGINIA ELEC & POWER CO REGD 5.00000000                                                          | CUSIP: 927804GK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $129226.91    | 0.01%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| T/L FREEPORT LNG 0% 12/21/28/   | T/L FREEPORT LNG INVESTMENTS   LLLP REGD 0.00000000                                               | CUSIP: 35670CAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     43070 | PA      | $43024.03     | 0.00%             | 2028-12-21      | Variable      | 7.52%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4436 1.5% 10/01/51     | FANNIE MAE POOL UMBS P#MA4436 1.50000000                                                          | CUSIP: 31418D4W9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    231220 | PA      | $170489.08    | 0.01%             | 2051-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#CA1909 4.5% 06/01/48     | FANNIE MAE POOL UMBS P#CA1909 4.50000000                                                          | CUSIP: 3140Q9DP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    192072 | PA      | $183828.05    | 0.01%             | 2048-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMEN 5.809% 05/08/27  | ICON INVESTMENTS SIX DAC REGD 5.80900000                                                          | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $203290.20    | 0.01%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| UMBS P#RA2971 3% 07/01/50       | FREDDIE MAC POOL UMBS P#RA2971 3.00000000                                                         | CUSIP: 3133KJJQ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    181087 | PA      | $155700.73    | 0.01%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WFLF 2024-2A A 4.87% 06/21/39   | WHEELS FLEET LEASE FUNDING 1 LLC SER 2024-2A CL A1 REGD 144A P/P 4.87000000                       | CUSIP: 96328GBT3<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |   5950000 | PA      | $5966928.35   | 0.38%             | 2039-06-21      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| NORTHROP GRUMMAN 5.2% 06/01/54  | NORTHROP GRUMMAN CORP REGD 5.20000000                                                             | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    265000 | PA      | $241066.02    | 0.02%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA3736 3.5% 06/20/46  | GINNIE MAE II POOL P#MA3736 3.50000000                                                            | CUSIP: 36179SEH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    329306 | PA      | $297601.07    | 0.02%             | 2046-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS P#BM5024 3% 11/01/48       | FANNIE MAE POOL UMBS P#BM5024 3.00000000                                                          | CUSIP: 3140J9SN2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    102034 | PA      | $88499.65     | 0.01%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIF 6.875% 11/01/29  | CLEVELAND-CLIFFS INC REGD 144A P/P 6.87500000                                                     | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     65000 | PA      | $60435.00     | 0.00%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NISOURCE INC 5.85% 04/01/55     | NISOURCE INC REGD 5.85000000                                                                      | CUSIP: 65473PAU9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    132000 | PA      | $127508.05    | 0.01%             | 2055-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP  4.625% 03/01/30  | MATTAMY GROUP CORP REGD 144A P/P 4.62500000                                                       | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $75310.42     | 0.00%             | 2030-03-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| JERSEY CENTRAL P 5.1% 01/15/35  | JERSEY CENTRAL PWR & LT REGD 5.10000000                                                           | CUSIP: 476556DF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $102755.03    | 0.01%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FNR 2020-99 KI 1.5% 11/25/35    | FANNIE MAE REMICS SER 2020-99 CL KI 1.50000000                                                    | CUSIP: 3136BDFB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1523343 | PA      | $73866.32     | 0.00%             | 2035-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CGCMT 2015-GC 3.762% 06/10/25   | CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-GC31 SER 2015-GC31 CL A4 REGD 3.76200000                 | CUSIP: 17323YAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1045025 | PA      | $1026357.72   | 0.07%             | 2048-06-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| T/L WESTJET AIRL 0% 02/28/32    | T/L WESTJET AIRLINES LTD REGD 0.00000000                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |     38539 | PA      | $38174.34     | 0.00%             | 2032-02-28      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 5.5% 09/27/64       | ORACLE CORP REGD 5.50000000                                                                       | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    110000 | PA      | $96890.99     | 0.01%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM I 4.125% 06/15/29  | DT MIDSTREAM INC REGD 144A P/P 4.12500000                                                         | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $76197.64     | 0.00%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| ENI SPA 5.5% 05/15/34           | ENI SPA REGD 144A P/P 5.50000000                                                                  | CUSIP: 26874RAN8<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    365000 | PA      | $361973.72    | 0.02%             | 2034-05-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| LIMA METRO LINE 4.35% 04/05/36  | LIMA METRO LINE 2 FIN LT REGD REG S 4.35000000                                                    | CUSIP: G54897AB2<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |    158638 | PA      | $147254.59    | 0.01%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIO 2.6% 06/15/31  | COX COMMUNICATIONS INC REGD 144A P/P 2.60000000                                                   | CUSIP: 224044CN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    335000 | PA      | $289316.65    | 0.02%             | 2031-06-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| CLYDESDALE ACQU 6.75% 04/15/32  | CLYDESDALE ACQUISITION REGD 144A P/P 6.75000000                                                   | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |     95000 | PA      | $96004.93     | 0.01%             | 2032-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BZ0611 4.39% 04/01/29    | FANNIE MAE POOL UMBS P#BZ0611 4.39000000                                                          | CUSIP: 3140NUVD8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    793797 | PA      | $796385.79    | 0.05%             | 2029-04-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| EMPRESA ELECTRIC 5.5% 05/14/27  | EMPRESA ELECTRICA COCHRA REGD REG S 5.50000000                                                    | CUSIP: P3713CAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | CL        |     62060 | PA      | $61084.28     | 0.00%             | 2027-05-14      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GR 2.75% 05/15/40  | UNITEDHEALTH GROUP INC REGD 2.75000000                                                            | CUSIP: 91324PDY5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $90920.69     | 0.01%             | 2040-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FNR 2025-3 BA 5.5% 03/25/52     | FANNIE MAE REMICS SER 2025-3 CL BA 5.50000000                                                     | CUSIP: 3136BUSZ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    470213 | PA      | $470971.83    | 0.03%             | 2052-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DSLA 2005-AR4 1A V/R 08/19/45   | DSLA MORTGAGE LOAN TRUST 2005-AR4 SER 2005-AR4 CL 1A V/R REGD 4.96118000                          | CUSIP: 23332UEL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3617297 | PA      | $2783764.33   | 0.18%             | 2045-08-19      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GRO 3.5% 08/15/39  | UNITEDHEALTH GROUP INC REGD 3.50000000                                                            | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    260000 | PA      | $204046.69    | 0.01%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER C 3.45% 10/01/49  | ALABAMA POWER CO REGD 3.45000000                                                                  | CUSIP: 010392FT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $244609.80    | 0.02%             | 2049-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN E 6.95% 01/15/38  | KINDER MORGAN ENER PART REGD MTN 6.95000000                                                       | CUSIP: 494550AW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    221000 | PA      | $238871.51    | 0.02%             | 2038-01-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PI 2.9% 03/01/30  | TENNESSEE GAS PIPELINE REGD 144A P/P 2.90000000                                                   | CUSIP: 880451AZ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6275000 | PA      | $5726465.86   | 0.37%             | 2030-03-01      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#MA4311 2% 04/01/41       | FANNIE MAE POOL UMBS P#MA4311 2.00000000                                                          | CUSIP: 31418DYH9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    346017 | PA      | $292474.44    | 0.02%             | 2041-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOB 4.375% 03/15/43  | PARAMOUNT GLOBAL REGD SER WI 4.37500000                                                           | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    220000 | PA      | $160412.10    | 0.01%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UMBS P#FS2715 3.5% 04/01/52     | FANNIE MAE POOL UMBS P#FS2715 3.50000000                                                          | CUSIP: 3140XJAR4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    606609 | PA      | $543945.94    | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA II P#MA8566 3.5% 01/20/53  | GINNIE MAE II POOL P#MA8566 3.50000000                                                            | CUSIP: 36179XQT6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    749426 | PA      | $668473.06    | 0.04%             | 2053-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC 5.625% 04/15/53  | LOWE'S COS INC REGD 5.62500000                                                                    | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     80000 | PA      | $75018.32     | 0.00%             | 2053-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NRZT 2021-NQ2R A V/R 10/25/58   | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021- SER 2021-NQ2R CL A1 V/R REGD 144A P/P 0.94054000        | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    120182 | PA      | $114150.56    | 0.01%             | 2058-10-25      | Variable      | 0.94%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO & COMP 3% 04/22/26  | WELLS FARGO & COMPANY REGD 3.00000000                                                             | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    270000 | PA      | $266328.90    | 0.02%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN  5.875% 03/14/65  | RIO TINTO FIN USA PLC REGD 5.87500000                                                             | CUSIP: 76720AAW6<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    265000 | PA      | $258014.85    | 0.02%             | 2065-03-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GNMA II P#4715 5% 06/20/40      | GINNIE MAE II POOL P#4715 5.00000000                                                              | CUSIP: 36202FGY6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    189612 | PA      | $190126.50    | 0.01%             | 2040-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC S 5.7% 08/15/34  | ARIZONA PUBLIC SERVICE REGD 5.70000000                                                            | CUSIP: 040555DH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    141000 | PA      | $142892.92    | 0.01%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4281 2% 03/01/51       | FANNIE MAE POOL UMBS P#MA4281 2.00000000                                                          | CUSIP: 31418DXK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    789590 | PA      | $617598.50    | 0.04%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR COR 5.75% 01/15/31  | HF SINCLAIR CORP REGD 5.75000000                                                                  | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    101000 | PA      | $101551.72    | 0.01%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC 2.55% 12/01/33         | AT&T INC REGD 2.55000000                                                                          | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   3495000 | PA      | $2874468.94   | 0.18%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| XCAP 2024-1A A 5.49% 07/15/31   | AUXILIOR TERM FUNDING 2024-1 LLC SER 2024-1A CL A3 REGD 144A P/P 5.49000000                       | CUSIP: 05335FAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    440000 | PA      | $447539.18    | 0.03%             | 2031-07-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#SD2553 4% 05/01/49       | FREDDIE MAC POOL UMBS P#SD2553 4.00000000                                                         | CUSIP: 3132DPZS0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    136206 | PA      | $127509.21    | 0.01%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-R1 A1 V/R 10/25/63   | VERUS SECURITIZATION TRUST 2021-R1 SER 2021-R1 CL A1 V/R REGD 144A P/P 0.82000000                 | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    109682 | PA      | $105436.75    | 0.01%             | 2063-10-25      | Variable      | 0.82%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS  5.125% 02/15/30  | PHILIP MORRIS INTL INC REGD 5.12500000                                                            | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    370000 | PA      | $377957.82    | 0.02%             | 2030-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY V/R 05/09/31   | DEUTSCHE BANK NY REGD V/R 5.29700000                                                              | CUSIP: 251526DA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $756043.80    | 0.05%             | 2031-05-09      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 5.375% 09/27/54     | ORACLE CORP REGD 5.37500000                                                                       | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    165000 | PA      | $146340.24    | 0.01%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAP SA 3.9% 04/27/31            | CAP SA REGD REG S 3.90000000                                                                      | CUSIP: P2316YAA1<br>LEI: 54930079GPG23NTBB003 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $320826.16    | 0.02%             | 2031-04-27      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| UMBS P#BX8385 5% 03/01/53       | FANNIE MAE POOL UMBS P#BX8385 5.00000000                                                          | CUSIP: 3140NDJ73<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     75780 | PA      | $73466.96     | 0.00%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS P#MA4399 2.5% 08/01/51     | FANNIE MAE POOL UMBS P#MA4399 2.50000000                                                          | CUSIP: 31418D3H3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   9705698 | PA      | $7946460.05   | 0.51%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| T/L SABRE GLBL 0% 12/17/27      | T/L SABRE GLBL INC.            REGD 0.00000000                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6006 | PA      | $5833.26      | 0.00%             | 2027-12-17      | Variable      | 7.94%                 | No            |                  2 | On Loan: No      |
| UMBS P#SD4010 4% 07/01/49       | FREDDIE MAC POOL UMBS P#SD4010 4.00000000                                                         | CUSIP: 3132E0N32<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    161340 | PA      | $153117.29    | 0.01%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY V/R 10/18/30     | MORGAN STANLEY REGD V/R 4.65400000                                                                | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    330000 | PA      | $327799.19    | 0.02%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP 5.125% 06/01/29   | DISH DBS CORP REGD 5.12500000                                                                     | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $49308.41     | 0.00%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| T/L ASURION LLC 0% 08/19/28     | T/L ASURION LLC REGD 0.00000000                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     83929 | PA      | $83614.71     | 0.01%             | 2028-08-19      | Variable      | 8.68%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-6 A1 V/R 10/25/66    | VERUS SECURITIZATION TRUST 2021-6 SER 2021-6 CL A1 V/R REGD 144A P/P 1.63000000                   | CUSIP: 92538MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    895217 | PA      | $775823.99    | 0.05%             | 2066-10-25      | Variable      | 1.63%                 | Yes           |                  2 | On Loan: No      |
| BMO 2024-5C6  5.316% 09/15/29   | BMO 2024-5C6 MORTGAGE TRUST SER 2024-5C6 CL A3 REGD 5.31610000                                    | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    361000 | PA      | $366941.59    | 0.02%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE &  V/R 10/22/35  | JPMORGAN CHASE & CO REGD V/R 4.94600000                                                           | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     95000 | PA      | $92184.21     | 0.01%             | 2035-10-22      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| WATCO COS LLC/ 7.125% 08/01/32  | WATCO COS LLC/FINANCE CO REGD 144A P/P 7.12500000                                                 | CUSIP: 941130AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113213.43    | 0.01%             | 2032-08-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CPS 2023-B A 5.91% 03/17/25     | CPS AUTO RECEIVABLES TRUST 2023-B SER 2023-B CL A REGD 144A P/P 5.91000000                        | CUSIP: 12664WAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     31559 | PA      | $31574.68     | 0.00%             | 2027-08-16      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| T/L MCAFEE CORP 0% 03/01/29     | T/L MCAFEE CORP  REGD 0.00000000                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     87432 | PA      | $83978.53     | 0.01%             | 2029-03-01      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP 7.375% 02/15/30     | MCAFEE CORP REGD 144A P/P 7.37500000                                                              | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23117.17     | 0.00%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| VERALTO CORP 5.35% 09/18/28     | VERALTO CORP REGD SER WI 5.35000000                                                               | CUSIP: 92338CAD5<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    143000 | PA      | $146783.05    | 0.01%             | 2028-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDI 6.625% 03/01/30  | SC GAMES HOLDIN/US FINCO REGD 144A P/P 6.62500000                                                 | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $42658.74     | 0.00%             | 2030-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| DPABS 2021-1A 2.662% 10/25/28   | DOMINO'S PIZZA MASTER ISSUER LLC SER 2021-1A CL A2I REGD 144A P/P 2.66200000                      | CUSIP: 25755TAN0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1248690 | PA      | $1158539.70   | 0.07%             | 2051-04-25      | Fixed         | 2.66%                 | Yes           |                  2 | On Loan: No      |
| FHMS K130 X1 V/R 06/25/31       | FREDDIE MAC MULTIFAMILY STRUCTURED PASS THROUGH CERTIFI SER K130 CL X1 V/R 1.14182500             | CUSIP: 3137H1YX8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  27663964 | PA      | $1390399.12   | 0.09%             | 2031-06-25      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP 5.25% 02/03/32      | ORACLE CORP REGD 5.25000000                                                                       | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55833.93     | 0.00%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY  6% 04/15/30  | STARWOOD PROPERTY TRUST REGD 144A P/P 6.00000000                                                  | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34898.77     | 0.00%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| UMBS P#BR4390 2% 03/01/51       | FANNIE MAE POOL UMBS P#BR4390 2.00000000                                                          | CUSIP: 3140L22Y8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    720307 | PA      | $562720.33    | 0.04%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC 4.25% 04/27/32  | CSL FINANCE PLC REGD 144A P/P 4.25000000                                                          | CUSIP: 12661PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |    185000 | PA      | $177918.05    | 0.01%             | 2032-04-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Brinker Capital Destinations Trust

**Signature:** Brian Ferko

**Name of Signer:** Brian Ferko

**Title:** Chief Operating Officer and Chief Compliance Officer