# EDGAR Filing Document

**Accession Number:** 0001078195
**File Stem:** 0001398344-26-002149
**Filing Date:** 2026-2
**Character Count:** 308826
**Document Hash:** aa67e655dce962049c9e1ac1bdfe95b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-002149.hdr.sgml**: 20260204

**ACCESSION NUMBER**: 0001398344-26-002149

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260204

**DATE AS OF CHANGE**: 20260204

**EFFECTIVENESS DATE**: 20260204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Community Capital Trust
- **CENTRAL INDEX KEY:** 0001078195

**ORGANIZATION NAME:**
- **EIN:** 650876594
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09221
- **FILM NUMBER:** 26596631

**BUSINESS ADDRESS:**
- **STREET 1:** 261 N UNIVERSITY DR
- **STREET 2:** SUITE 520
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33324
- **BUSINESS PHONE:** 954-217-7999

**MAIL ADDRESS:**
- **STREET 1:** 261 N UNIVERSITY DR
- **STREET 2:** SUITE 520
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33324

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMMUNITY REINVESTMENT ACT QUALIFIED INVESTMENT FUND
- **DATE OF NAME CHANGE:** 19990202

## Series and Classes Contracts Data

### CCM Community Impact Bond Fund (Series ID: S000001913)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000005044 | CRA Shares           | CRAIX           |
| C000048038 | Institutional Shares | CRANX           |
| C000048039 | Retail Shares        | CRATX           |

?xml version='1.0' encoding='ASCII'? Consolidated ssr-output-EDGAR XBRL File

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSRS**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT**

**INVESTMENT COMPANIES**

**Investment Company Act file number 811-09221**

**Community Capital Trust**

(Exact name of Registrant as specified in charter)

261 North University Drive

Suite 520

Plantation, FL 33324

(Address of principal executive offices) (Zip code)

David L. Williams, Esquire

Faegre Drinker Biddle & Reath LLP

3200 South Canal Street, Suite 3300

Chicago, IL 60606

(Name and address of agent for service)

**Registrant's telephone number, including area code: 1-877-272-1977**

**Date of fiscal year end: May 31, 2026**

**Date of reporting period: November 30, 2025**

**Item 1. Report to Stockholders.**

(a) A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the "Act")
 (17 CFR § 270.30e-1), is attached hereto.

**# Community Capital Trust
![Image](i784cc4a460beeddcd227d2ec.jpg)

## CCM Community Impact Bond Fund

## CRA Shares - CRAIX

## Semi-Annual Shareholder Report: November 30, 2025
This semi-annual shareholder report contains important information about CRA Shares of the CCM Community Impact Bond Fund (the "Fund") for the period from June 1, 2025 to November 30, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/ccmcib/. You can also request this information by contacting us at 1-877-272-1977.

## What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| CCM Community Impact Bond Fund, CRA Shares | $45 | 0.87% |

---

## Key Fund Statistics as of November 30, 2025

---

| | | |
|:---|:---|:---|
| <u>Total Net Assets</u> | <u>Number of Holdings</u> | <u>Portfolio Turnover Rate</u> |
| $3845895481 | 2565 | 16% |

---

## What did the Fund invest in?

### Asset Weightings<sup>Footnote Reference \*</sup>
![Group By Sector Chart](i3fd1933ac05cb4b003cdc8f5.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Non-Agency CMBS | 0.4% |
| Short-Term Investments | 1.8% |
| Asset-Backed Securities | 3.0% |
| U.S. Treasury Obligations | 8.9% |
| Municipal Bonds | 12.9% |
| Corporate Bonds | 13.7% |
| U.S. Government & Agency Obligations | 59.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| <u>Holding Name</u> | <u>Coupon Rate</u> | <u>Maturity Date</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Comcast Corp. | 4.650% | 02/15/33 | 2.1% |
| Prologis | 4.625% | 01/15/33 | 2.1% |
| U.S. Treasury Notes | 3.875% | 04/30/30 | 2.1% |
| U.S. Treasury Notes | 4.125% | 11/15/27 | 1.4% |
| Toyota Motor Corp. | 4.450% | 06/30/30 | 1.4% |
| Bank of America Corp., SOFRRATE + 1.990% | 6.204% | 11/10/28 | 1.3% |
| Prologis | 1.250% | 10/15/30 | 1.2% |
| American Express | 4.050% | 05/03/29 | 1.2% |
| U.S. Treasury Notes | 4.250% | 08/15/35 | 1.0% |
| U.S. Treasury Notes | 3.625% | 08/15/28 | 0.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

## Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-877-272-1977 

* https://funddocs.filepoint.com/ccmcib/ 

## Householding
Rule 30e-1 of the Investment Company Act of 1940, as amended, permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-877-272-1977 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

![Image](i784cc4a460beeddcd227d2ec.jpg)

#### CRAIX-SAR-2025

# Community Capital Trust
![Image](i784cc4a460beeddcd227d2ec.jpg)

## CCM Community Impact Bond Fund

## Institutional Shares - CRANX

## Semi-Annual Shareholder Report: November 30, 2025
This semi-annual shareholder report contains important information about Institutional Shares of the CCM Community Impact Bond Fund (the "Fund") for the period from June 1, 2025 to November 30, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/ccmcib/. You can also request this information by contacting us at 1-877-272-1977.

## What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| CCM Community Impact Bond Fund, Institutional Shares | $22 | 0.42% |

---

## Key Fund Statistics as of November 30, 2025

---

| | | |
|:---|:---|:---|
| <u>Total Net Assets</u> | <u>Number of Holdings</u> | <u>Portfolio Turnover Rate</u> |
| $3845895481 | 2565 | 16% |

---

## What did the Fund invest in?

### Asset Weightings<sup>Footnote Reference \*</sup>
![Group By Sector Chart](i3fd1933ac05cb4b003cdc8f5.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Non-Agency CMBS | 0.4% |
| Short-Term Investments | 1.8% |
| Asset-Backed Securities | 3.0% |
| U.S. Treasury Obligations | 8.9% |
| Municipal Bonds | 12.9% |
| Corporate Bonds | 13.7% |
| U.S. Government & Agency Obligations | 59.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| <u>Holding Name</u> | <u>Coupon Rate</u> | <u>Maturity Date</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Comcast Corp. | 4.650% | 02/15/33 | 2.1% |
| Prologis | 4.625% | 01/15/33 | 2.1% |
| U.S. Treasury Notes | 3.875% | 04/30/30 | 2.1% |
| U.S. Treasury Notes | 4.125% | 11/15/27 | 1.4% |
| Toyota Motor Corp. | 4.450% | 06/30/30 | 1.4% |
| Bank of America Corp., SOFRRATE + 1.990% | 6.204% | 11/10/28 | 1.3% |
| Prologis | 1.250% | 10/15/30 | 1.2% |
| American Express | 4.050% | 05/03/29 | 1.2% |
| U.S. Treasury Notes | 4.250% | 08/15/35 | 1.0% |
| U.S. Treasury Notes | 3.625% | 08/15/28 | 0.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

## Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-877-272-1977 

* https://funddocs.filepoint.com/ccmcib/ 

## Householding
Rule 30e-1 of the Investment Company Act of 1940, as amended, permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-877-272-1977 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

![Image](i784cc4a460beeddcd227d2ec.jpg)

#### CRANX-SAR-2025

# Community Capital Trust
![Image](i784cc4a460beeddcd227d2ec.jpg)

## CCM Community Impact Bond Fund

## Retail Shares - CRATX

## Semi-Annual Shareholder Report: November 30, 2025
This semi-annual shareholder report contains important information about Retail Shares of the CCM Community Impact Bond Fund (the "Fund") for the period from June 1, 2025 to November 30, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/ccmcib/. You can also request this information by contacting us at 1-877-272-1977.

## What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| CCM Community Impact Bond Fund, Retail Shares | $39 | 0.77% |

---

## Key Fund Statistics as of November 30, 2025

---

| | | |
|:---|:---|:---|
| <u>Total Net Assets</u> | <u>Number of Holdings</u> | <u>Portfolio Turnover Rate</u> |
| $3845895481 | 2565 | 16% |

---

## What did the Fund invest in?

### Asset Weightings<sup>Footnote Reference \*</sup>
![Group By Sector Chart](i3fd1933ac05cb4b003cdc8f5.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Non-Agency CMBS | 0.4% |
| Short-Term Investments | 1.8% |
| Asset-Backed Securities | 3.0% |
| U.S. Treasury Obligations | 8.9% |
| Municipal Bonds | 12.9% |
| Corporate Bonds | 13.7% |
| U.S. Government & Agency Obligations | 59.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

### Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| <u>Holding Name</u> | <u>Coupon Rate</u> | <u>Maturity Date</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Comcast Corp. | 4.650% | 02/15/33 | 2.1% |
| Prologis | 4.625% | 01/15/33 | 2.1% |
| U.S. Treasury Notes | 3.875% | 04/30/30 | 2.1% |
| U.S. Treasury Notes | 4.125% | 11/15/27 | 1.4% |
| Toyota Motor Corp. | 4.450% | 06/30/30 | 1.4% |
| Bank of America Corp., SOFRRATE + 1.990% | 6.204% | 11/10/28 | 1.3% |
| Prologis | 1.250% | 10/15/30 | 1.2% |
| American Express | 4.050% | 05/03/29 | 1.2% |
| U.S. Treasury Notes | 4.250% | 08/15/35 | 1.0% |
| U.S. Treasury Notes | 3.625% | 08/15/28 | 0.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

## Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-877-272-1977 

* https://funddocs.filepoint.com/ccmcib/ 

## Householding
Rule 30e-1 of the Investment Company Act of 1940, as amended, permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-877-272-1977 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

![Image](i784cc4a460beeddcd227d2ec.jpg)

#### CRATX-SAR-2025**

(b) Not applicable.

 **Item 2. Code of Ethics.**

Not applicable for semi-annual report.

 **Item 3. Audit Committee Financial Expert.**

Not applicable for semi-annual report.

**Item 4. Principal Accountant Fees and Services.**

Not applicable for semi-annual report.

**Item 5. Audit Committee of Listed Registrants.**

Not applicable.

**Item 6. Investments.**

(a) The Schedule of Investments is included as part of the Financial Statements and Other Information filed under Item 7 of this form.

(b) Not applicable.

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

Financial Statements and Financial Highlights are filed herein.

![](fp0097298_01.jpg)

**1**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| Financial Statements (Form N-CSRS Item 7) |  |
| &nbsp;&nbsp;&nbsp;Schedule of Investments | 2 |
| &nbsp;&nbsp;&nbsp;Statement of Assets and Liabilities | 62 |
| &nbsp;&nbsp;&nbsp;Statement of Operations | 63 |
| &nbsp;&nbsp;&nbsp;Statements of Changes in Net Assets | 64 |
| &nbsp;&nbsp;&nbsp;Financial Highlights | 66 |
| &nbsp;&nbsp;&nbsp;Notes to Financial Statements | 69 |
| Other Information (Form N-CSRS Items 8-11) | 84 |

---

![](fp0097298_02.jpg)

---

| | |
|:---|:---|
| **2** | **The CCM Community Impact Bond Fund** |

---

*Schedule of Investments November 30, 2025*

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| **U.S. GOVERNMENT & AGENCY OBLIGATIONS - 59.14%** |  |  |
| &nbsp;&nbsp;&nbsp;**FGLMC Single Family - 1.02%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool Q16506, 3.00%, 02/01/2043 | $9643 | $8932 |
| &nbsp;&nbsp;&nbsp;Pool Q40627, 3.00%, 05/01/2046 | 1254745 | 1142715 |
| &nbsp;&nbsp;&nbsp;Pool Q41877, 3.00%, 07/01/2046 | 802459 | 730816 |
| &nbsp;&nbsp;&nbsp;Pool Q43158, 3.00%, 09/01/2046 | 479567 | 436749 |
| &nbsp;&nbsp;&nbsp;Pool Q44344, 3.00%, 11/01/2046 | 168107 | 153098 |
| &nbsp;&nbsp;&nbsp;Pool Q44395, 3.00%, 11/01/2046 | 1140818 | 1038966 |
| &nbsp;&nbsp;&nbsp;Pool Q45623, 3.00%, 01/01/2047 | 2145263 | 1967875 |
| &nbsp;&nbsp;&nbsp;Pool Q07398, 3.50%, 04/01/2042 | 34995 | 33677 |
| &nbsp;&nbsp;&nbsp;Pool Q37430, 3.50%, 11/01/2045 | 67194 | 64028 |
| &nbsp;&nbsp;&nbsp;Pool Q38376, 3.50%, 01/01/2046 | 497071 | 473283 |
| &nbsp;&nbsp;&nbsp;Pool Q39359, 3.50%, 03/01/2046 | 736607 | 695374 |
| &nbsp;&nbsp;&nbsp;Pool Q40641, 3.50%, 05/01/2046 | 256905 | 243647 |
| &nbsp;&nbsp;&nbsp;Pool Q45628, 3.50%, 01/01/2047 | 1835486 | 1732742 |
| &nbsp;&nbsp;&nbsp;Pool Q47221, 3.50%, 03/01/2047 | 318156 | 299494 |
| &nbsp;&nbsp;&nbsp;Pool Q48279, 3.50%, 05/01/2047 | 536528 | 507113 |
| &nbsp;&nbsp;&nbsp;Pool Q49035, 3.50%, 06/01/2047 | 251112 | 237260 |
| &nbsp;&nbsp;&nbsp;Pool Q49605, 3.50%, 07/01/2047 | 41313 | 39183 |
| &nbsp;&nbsp;&nbsp;Pool Q50514, 3.50%, 08/01/2047 | 27192 | 25747 |
| &nbsp;&nbsp;&nbsp;Pool Q50393, 3.50%, 09/01/2047 | 834018 | 786821 |
| &nbsp;&nbsp;&nbsp;Pool Q50943, 3.50%, 09/01/2047 | 105869 | 100176 |
| &nbsp;&nbsp;&nbsp;Pool Q51685, 3.50%, 10/01/2047 | 613627 | 580213 |
| &nbsp;&nbsp;&nbsp;Pool V83539, 3.50%, 10/01/2047 | 595430 | 563240 |
| &nbsp;&nbsp;&nbsp;Pool Q52610, 3.50%, 11/01/2047 | 924125 | 874464 |
| &nbsp;&nbsp;&nbsp;Pool V83815, 3.50%, 12/01/2047 | 576767 | 544325 |
| &nbsp;&nbsp;&nbsp;Pool Q53325, 3.50%, 01/01/2048 | 513055 | 485467 |
| &nbsp;&nbsp;&nbsp;Pool Q54012, 3.50%, 01/01/2048 | 494999 | 467689 |
| &nbsp;&nbsp;&nbsp;Pool Q54511, 3.50%, 02/01/2048 | 1083642 | 1021993 |
| &nbsp;&nbsp;&nbsp;Pool Q54585, 3.50%, 02/01/2048 | 460216 | 435736 |
| &nbsp;&nbsp;&nbsp;Pool Q54876, 3.50%, 03/01/2048 | 303795 | 286195 |
| &nbsp;&nbsp;&nbsp;Pool Q55002, 3.50%, 03/01/2048 | 976123 | 917870 |
| &nbsp;&nbsp;&nbsp;Pool Q62396, 3.50%, 04/01/2049 | 108405 | 102198 |
| &nbsp;&nbsp;&nbsp;Pool Q39374, 4.00%, 03/01/2046 | 45112 | 43880 |
| &nbsp;&nbsp;&nbsp;Pool Q47223, 4.00%, 03/01/2047 | 230756 | 225164 |
| &nbsp;&nbsp;&nbsp;Pool Q47775, 4.00%, 04/01/2047 | 550003 | 535991 |
| &nbsp;&nbsp;&nbsp;Pool Q48287, 4.00%, 05/01/2047 | 641046 | 623921 |
| &nbsp;&nbsp;&nbsp;Pool Q48819, 4.00%, 06/01/2047 | 919347 | 895923 |
| &nbsp;&nbsp;&nbsp;Pool Q49040, 4.00%, 06/01/2047 | 1294351 | 1262985 |
| &nbsp;&nbsp;&nbsp;Pool Q49606, 4.00%, 07/01/2047 | 788388 | 768303 |
| &nbsp;&nbsp;&nbsp;Pool Q49898, 4.00%, 08/01/2047 | 190004 | 185628 |
| &nbsp;&nbsp;&nbsp;Pool Q50396, 4.00%, 08/01/2047 | 35454 | 34638 |
| &nbsp;&nbsp;&nbsp;Pool Q50397, 4.00%, 08/01/2047 | 1038657 | 1012197 |
| &nbsp;&nbsp;&nbsp;Pool Q50951, 4.00%, 09/01/2047 | 426766 | 415894 |
| &nbsp;&nbsp;&nbsp;Pool Q51686, 4.00%, 10/01/2047 | 439214 | 428570 |
| &nbsp;&nbsp;&nbsp;Pool V83540, 4.00%, 10/01/2047 | 108850 | 106212 |
| &nbsp;&nbsp;&nbsp;Pool Q53883, 4.00%, 01/01/2048 | 418480 | 408337 |
| &nbsp;&nbsp;&nbsp;Pool Q54464, 4.00%, 02/01/2048 | 182113 | 178141 |
| &nbsp;&nbsp;&nbsp;Pool Q54586, 4.00%, 02/01/2048 | 1051494 | 1024072 |
| &nbsp;&nbsp;&nbsp;Pool Q54877, 4.00%, 02/01/2048 | 259865 | 254296 |
| &nbsp;&nbsp;&nbsp;Pool Q55004, 4.00%, 03/01/2048 | 332890 | 324210 |
| &nbsp;&nbsp;&nbsp;Pool Q55631, 4.00%, 04/01/2048 | 801667 | 780764 |
| &nbsp;&nbsp;&nbsp;Pool Q56253, 4.00%, 05/01/2048 | 484046 | 471425 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **3** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool Q56469, 4.00%, 06/01/2048 | $332588 | $323915 |
| &nbsp;&nbsp;&nbsp;Pool Q56900, 4.00%, 06/01/2048 | 457135 | 444647 |
| &nbsp;&nbsp;&nbsp;Pool Q57029, 4.00%, 07/01/2048 | 220836 | 215078 |
| &nbsp;&nbsp;&nbsp;Pool Q57388, 4.00%, 07/01/2048 | 433574 | 420679 |
| &nbsp;&nbsp;&nbsp;Pool Q57694, 4.00%, 08/01/2048 | 249719 | 242897 |
| &nbsp;&nbsp;&nbsp;Pool Q58271, 4.00%, 09/01/2048 | 264283 | 257392 |
| &nbsp;&nbsp;&nbsp;Pool Q58366, 4.00%, 09/01/2048 | 120215 | 117370 |
| &nbsp;&nbsp;&nbsp;Pool Q58774, 4.00%, 10/01/2048 | 513712 | 500932 |
| &nbsp;&nbsp;&nbsp;Pool Q59058, 4.00%, 10/01/2048 | 208638 | 203197 |
| &nbsp;&nbsp;&nbsp;Pool Q59686, 4.00%, 11/01/2048 | 184898 | 180297 |
| &nbsp;&nbsp;&nbsp;Pool Q60213, 4.00%, 12/01/2048 | 413487 | 402190 |
| &nbsp;&nbsp;&nbsp;Pool Q60598, 4.00%, 01/01/2049 | 291812 | 283839 |
| &nbsp;&nbsp;&nbsp;Pool Q61151, 4.00%, 01/01/2049 | 328669 | 318893 |
| &nbsp;&nbsp;&nbsp;Pool Q61387, 4.00%, 02/01/2049 | 151295 | 147162 |
| &nbsp;&nbsp;&nbsp;Pool Q61800, 4.00%, 03/01/2049 | 530506 | 515008 |
| &nbsp;&nbsp;&nbsp;Pool Q61986, 4.00%, 03/01/2049 | 789322 | 762420 |
| &nbsp;&nbsp;&nbsp;Pool Q62397, 4.00%, 04/01/2049 | 424403 | 409937 |
| &nbsp;&nbsp;&nbsp;Pool A91363, 4.50%, 03/01/2040 | 66683 | 67248 |
| &nbsp;&nbsp;&nbsp;Pool A91756, 4.50%, 03/01/2040 | 71717 | 72324 |
| &nbsp;&nbsp;&nbsp;Pool A93467, 4.50%, 08/01/2040 | 64764 | 65313 |
| &nbsp;&nbsp;&nbsp;Pool Q01597, 4.50%, 05/01/2041 | 112386 | 113304 |
| &nbsp;&nbsp;&nbsp;Pool Q02377, 4.50%, 07/01/2041 | 110839 | 111787 |
| &nbsp;&nbsp;&nbsp;Pool Q47624, 4.50%, 04/01/2047 | 233646 | 233798 |
| &nbsp;&nbsp;&nbsp;Pool Q48294, 4.50%, 05/01/2047 | 160042 | 160146 |
| &nbsp;&nbsp;&nbsp;Pool Q49044, 4.50%, 07/01/2047 | 503956 | 503994 |
| &nbsp;&nbsp;&nbsp;Pool Q49608, 4.50%, 07/01/2047 | 191830 | 191619 |
| &nbsp;&nbsp;&nbsp;Pool Q49902, 4.50%, 08/01/2047 | 50840 | 50784 |
| &nbsp;&nbsp;&nbsp;Pool Q55774, 4.50%, 04/01/2048 | 318609 | 317419 |
| &nbsp;&nbsp;&nbsp;Pool Q56476, 4.50%, 05/01/2048 | 295678 | 295151 |
| &nbsp;&nbsp;&nbsp;Pool Q56906, 4.50%, 06/01/2048 | 639903 | 637513 |
| &nbsp;&nbsp;&nbsp;Pool Q57389, 4.50%, 07/01/2048 | 403993 | 402878 |
| &nbsp;&nbsp;&nbsp;Pool Q57906, 4.50%, 08/01/2048 | 828934 | 826648 |
| &nbsp;&nbsp;&nbsp;Pool Q58775, 4.50%, 09/01/2048 | 693976 | 691243 |
| &nbsp;&nbsp;&nbsp;Pool Q59454, 4.50%, 11/01/2048 | 98958 | 98975 |
| &nbsp;&nbsp;&nbsp;Pool Q60215, 4.50%, 11/01/2048 | 402217 | 400634 |
| &nbsp;&nbsp;&nbsp;Pool A92906, 5.00%, 07/01/2040 | 221559 | 229266 |
| &nbsp;&nbsp;&nbsp;Pool A56707, 5.50%, 01/01/2037 | 49290 | 51500 |
| &nbsp;&nbsp;&nbsp;Pool A58653, 5.50%, 03/01/2037 | 43078 | 45016 |
| &nbsp;&nbsp;&nbsp;Pool A68746, 5.50%, 10/01/2037 | 107260 | 112109 |
| &nbsp;&nbsp;&nbsp;Pool A76192, 5.50%, 04/01/2038 | 117346 | 122749 |
| &nbsp;&nbsp;&nbsp;Pool A76444, 5.50%, 04/01/2038 | 85717 | 89691 |
| &nbsp;&nbsp;&nbsp;Pool A78742, 5.50%, 06/01/2038 | 157280 | 164572 |
| &nbsp;&nbsp;&nbsp;Pool G06072, 6.00%, 06/01/2038 | 107543 | 113752 |
| &nbsp;&nbsp;&nbsp;Pool G06073, 6.50%, 10/01/2037 | 290452 | 310341 |
|  |  | 39203264 |
| &nbsp;&nbsp;&nbsp;**FHA Project Loans - 0.13%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool St. Michael, 6.20%, 09/01/2050 (a) | 5088370 | 4833951 |
| &nbsp;&nbsp;&nbsp;**FHLMC Single Family - 7.25%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool QN8332, 2.00%, 11/01/2036 | 229083 | 212398 |
| &nbsp;&nbsp;&nbsp;Pool QB3154, 2.00%, 09/01/2050 | 2173598 | 1789771 |
| &nbsp;&nbsp;&nbsp;Pool QB3835, 2.00%, 09/01/2050 | 2551531 | 2100965 |
| &nbsp;&nbsp;&nbsp;Pool QB3978, 2.00%, 09/01/2050 | 2815621 | 2318421 |
| &nbsp;&nbsp;&nbsp;Pool RA3677, 2.00%, 09/01/2050 | 1634143 | 1345575 |
| &nbsp;&nbsp;&nbsp;Pool QB4065, 2.00%, 10/01/2050 | 1035188 | 852388 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **4** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool QB4506, 2.00%, 10/01/2050 | $2332418 | $1919731 |
| &nbsp;&nbsp;&nbsp;Pool QB5044, 2.00%, 11/01/2050 | 2278453 | 1875314 |
| &nbsp;&nbsp;&nbsp;Pool QB5903, 2.00%, 11/01/2050 | 1064605 | 884458 |
| &nbsp;&nbsp;&nbsp;Pool QB6583, 2.00%, 12/01/2050 | 1096929 | 902078 |
| &nbsp;&nbsp;&nbsp;Pool QB7302, 2.00%, 01/01/2051 | 1575259 | 1303836 |
| &nbsp;&nbsp;&nbsp;Pool QB8043, 2.00%, 01/01/2051 | 1625911 | 1349649 |
| &nbsp;&nbsp;&nbsp;Pool QB8769, 2.00%, 02/01/2051 | 2750131 | 2261125 |
| &nbsp;&nbsp;&nbsp;Pool QB9466, 2.00%, 03/01/2051 | 4194064 | 3454497 |
| &nbsp;&nbsp;&nbsp;Pool RA4768, 2.00%, 03/01/2051 | 2796206 | 2303132 |
| &nbsp;&nbsp;&nbsp;Pool RA4957, 2.00%, 03/01/2051 | 1857099 | 1528976 |
| &nbsp;&nbsp;&nbsp;Pool QC0480, 2.00%, 04/01/2051 | 2933564 | 2433049 |
| &nbsp;&nbsp;&nbsp;Pool QC1370, 2.00%, 04/01/2051 | 2525134 | 2093423 |
| &nbsp;&nbsp;&nbsp;Pool RA5067, 2.00%, 04/01/2051 | 1223493 | 1005088 |
| &nbsp;&nbsp;&nbsp;Pool QC3549, 2.00%, 06/01/2051 | 551691 | 456986 |
| &nbsp;&nbsp;&nbsp;Pool RA5570, 2.00%, 07/01/2051 | 1395319 | 1144780 |
| &nbsp;&nbsp;&nbsp;Pool RA5594, 2.00%, 07/01/2051 | 885731 | 726692 |
| &nbsp;&nbsp;&nbsp;Pool QC5139, 2.00%, 08/01/2051 | 3408660 | 2813444 |
| &nbsp;&nbsp;&nbsp;Pool QC6098, 2.00%, 08/01/2051 | 961989 | 790340 |
| &nbsp;&nbsp;&nbsp;Pool RA5698, 2.00%, 08/01/2051 | 1875134 | 1538441 |
| &nbsp;&nbsp;&nbsp;Pool QC6906, 2.00%, 09/01/2051 | 2178096 | 1785483 |
| &nbsp;&nbsp;&nbsp;Pool QC8223, 2.00%, 10/01/2051 | 2139636 | 1764523 |
| &nbsp;&nbsp;&nbsp;Pool QC9420, 2.00%, 10/01/2051 | 1338691 | 1107021 |
| &nbsp;&nbsp;&nbsp;Pool RA6095, 2.00%, 10/01/2051 | 1938901 | 1589405 |
| &nbsp;&nbsp;&nbsp;Pool QD1137, 2.00%, 11/01/2051 | 1068979 | 880824 |
| &nbsp;&nbsp;&nbsp;Pool QD2417, 2.00%, 12/01/2051 | 417347 | 345194 |
| &nbsp;&nbsp;&nbsp;Pool QD5482, 2.00%, 01/01/2052 | 866412 | 713307 |
| &nbsp;&nbsp;&nbsp;Pool QD6359, 2.00%, 02/01/2052 | 1180362 | 965948 |
| &nbsp;&nbsp;&nbsp;Pool QD7968, 2.00%, 02/01/2052 | 2187485 | 1790127 |
| &nbsp;&nbsp;&nbsp;Pool RA2477, 2.50%, 04/01/2050 | 819397 | 706545 |
| &nbsp;&nbsp;&nbsp;Pool RA2531, 2.50%, 05/01/2050 | 1461613 | 1272925 |
| &nbsp;&nbsp;&nbsp;Pool RA2532, 2.50%, 05/01/2050 | 548989 | 477411 |
| &nbsp;&nbsp;&nbsp;Pool RA2612, 2.50%, 05/01/2050 | 4328805 | 3729930 |
| &nbsp;&nbsp;&nbsp;Pool QB0264, 2.50%, 06/01/2050 | 768392 | 661849 |
| &nbsp;&nbsp;&nbsp;Pool QB0406, 2.50%, 06/01/2050 | 610659 | 530851 |
| &nbsp;&nbsp;&nbsp;Pool QB0768, 2.50%, 07/01/2050 | 81244 | 70834 |
| &nbsp;&nbsp;&nbsp;Pool QB0769, 2.50%, 07/01/2050 | 1149439 | 990062 |
| &nbsp;&nbsp;&nbsp;Pool QB0821, 2.50%, 07/01/2050 | 463047 | 402144 |
| &nbsp;&nbsp;&nbsp;Pool QB1534, 2.50%, 07/01/2050 | 779658 | 676407 |
| &nbsp;&nbsp;&nbsp;Pool QB1536, 2.50%, 07/01/2050 | 640815 | 551763 |
| &nbsp;&nbsp;&nbsp;Pool QB1680, 2.50%, 07/01/2050 | 795219 | 684711 |
| &nbsp;&nbsp;&nbsp;Pool RA3120, 2.50%, 07/01/2050 | 1372549 | 1181811 |
| &nbsp;&nbsp;&nbsp;Pool QB2045, 2.50%, 08/01/2050 | 1547283 | 1331783 |
| &nbsp;&nbsp;&nbsp;Pool QB2636, 2.50%, 08/01/2050 | 679468 | 590539 |
| &nbsp;&nbsp;&nbsp;Pool QB2675, 2.50%, 08/01/2050 | 946703 | 821903 |
| &nbsp;&nbsp;&nbsp;Pool QB2739, 2.50%, 08/01/2050 | 1187852 | 1022412 |
| &nbsp;&nbsp;&nbsp;Pool RA3298, 2.50%, 08/01/2050 | 2588988 | 2229205 |
| &nbsp;&nbsp;&nbsp;Pool RA3322, 2.50%, 08/01/2050 | 420039 | 361538 |
| &nbsp;&nbsp;&nbsp;Pool RA3381, 2.50%, 08/01/2050 | 1967024 | 1693064 |
| &nbsp;&nbsp;&nbsp;Pool QB3152, 2.50%, 09/01/2050 | 1485714 | 1278328 |
| &nbsp;&nbsp;&nbsp;Pool QB3834, 2.50%, 09/01/2050 | 1261488 | 1094812 |
| &nbsp;&nbsp;&nbsp;Pool QB3976, 2.50%, 09/01/2050 | 1443897 | 1253184 |
| &nbsp;&nbsp;&nbsp;Pool RA3545, 2.50%, 09/01/2050 | 681694 | 586750 |
| &nbsp;&nbsp;&nbsp;Pool QB4066, 2.50%, 10/01/2050 | 641900 | 558294 |
| &nbsp;&nbsp;&nbsp;Pool QB4507, 2.50%, 10/01/2050 | 1786767 | 1548533 |
| &nbsp;&nbsp;&nbsp;Pool QB5042, 2.50%, 11/01/2050 | 3131362 | 2693295 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **5** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool QB5904, 2.50%, 11/01/2050 | $1407067 | $1219094 |
| &nbsp;&nbsp;&nbsp;Pool QC1163, 2.50%, 04/01/2051 | 1208474 | 1045171 |
| &nbsp;&nbsp;&nbsp;Pool QC1953, 2.50%, 05/01/2051 | 1518343 | 1315224 |
| &nbsp;&nbsp;&nbsp;Pool QC3550, 2.50%, 07/01/2051 | 2157598 | 1866253 |
| &nbsp;&nbsp;&nbsp;Pool QC4341, 2.50%, 07/01/2051 | 897522 | 777879 |
| &nbsp;&nbsp;&nbsp;Pool QC5136, 2.50%, 08/01/2051 | 2381019 | 2057147 |
| &nbsp;&nbsp;&nbsp;Pool QC6096, 2.50%, 08/01/2051 | 1761655 | 1519376 |
| &nbsp;&nbsp;&nbsp;Pool QC6907, 2.50%, 09/01/2051 | 784778 | 672588 |
| &nbsp;&nbsp;&nbsp;Pool QC9422, 2.50%, 10/01/2051 | 1523989 | 1317851 |
| &nbsp;&nbsp;&nbsp;Pool QD1136, 2.50%, 11/01/2051 | 1369318 | 1181434 |
| &nbsp;&nbsp;&nbsp;Pool QD4139, 2.50%, 12/01/2051 | 664067 | 575916 |
| &nbsp;&nbsp;&nbsp;Pool QD4141, 2.50%, 12/01/2051 | 769115 | 665359 |
| &nbsp;&nbsp;&nbsp;Pool RA6478, 2.50%, 12/01/2051 | 8351 | 7150 |
| &nbsp;&nbsp;&nbsp;Pool QD4132, 2.50%, 01/01/2052 | 1464041 | 1263390 |
| &nbsp;&nbsp;&nbsp;Pool QD6358, 2.50%, 02/01/2052 | 705430 | 607364 |
| &nbsp;&nbsp;&nbsp;Pool QD7966, 2.50%, 02/01/2052 | 718588 | 614747 |
| &nbsp;&nbsp;&nbsp;Pool RA6794, 2.50%, 02/01/2052 | 873617 | 747374 |
| &nbsp;&nbsp;&nbsp;Pool QD8214, 2.50%, 03/01/2052 | 676991 | 585018 |
| &nbsp;&nbsp;&nbsp;Pool QA2069, 3.00%, 08/01/2049 | 452634 | 407862 |
| &nbsp;&nbsp;&nbsp;Pool QA2173, 3.00%, 08/01/2049 | 226704 | 205336 |
| &nbsp;&nbsp;&nbsp;Pool QA2405, 3.00%, 09/01/2049 | 313518 | 283508 |
| &nbsp;&nbsp;&nbsp;Pool QA3109, 3.00%, 09/01/2049 | 605245 | 547093 |
| &nbsp;&nbsp;&nbsp;Pool QA3562, 3.00%, 10/01/2049 | 518199 | 469884 |
| &nbsp;&nbsp;&nbsp;Pool QA4231, 3.00%, 11/01/2049 | 1300152 | 1171547 |
| &nbsp;&nbsp;&nbsp;Pool QA4780, 3.00%, 11/01/2049 | 398682 | 359246 |
| &nbsp;&nbsp;&nbsp;Pool RA1773, 3.00%, 11/01/2049 | 638782 | 575596 |
| &nbsp;&nbsp;&nbsp;Pool QA5579, 3.00%, 12/01/2049 | 949174 | 855285 |
| &nbsp;&nbsp;&nbsp;Pool QA5721, 3.00%, 01/01/2050 | 854649 | 772534 |
| &nbsp;&nbsp;&nbsp;Pool QA5900, 3.00%, 01/01/2050 | 207314 | 188289 |
| &nbsp;&nbsp;&nbsp;Pool QA6535, 3.00%, 01/01/2050 | 844541 | 763397 |
| &nbsp;&nbsp;&nbsp;Pool RA2089, 3.00%, 01/01/2050 | 473130 | 426330 |
| &nbsp;&nbsp;&nbsp;Pool QA6834, 3.00%, 02/01/2050 | 362721 | 329057 |
| &nbsp;&nbsp;&nbsp;Pool QA7417, 3.00%, 02/01/2050 | 827430 | 748401 |
| &nbsp;&nbsp;&nbsp;Pool QA7634, 3.00%, 03/01/2050 | 1187291 | 1068233 |
| &nbsp;&nbsp;&nbsp;Pool QA8482, 3.00%, 03/01/2050 | 1093626 | 989699 |
| &nbsp;&nbsp;&nbsp;Pool QB0265, 3.00%, 06/01/2050 | 232429 | 210362 |
| &nbsp;&nbsp;&nbsp;Pool QB0757, 3.00%, 07/01/2050 | 570454 | 516296 |
| &nbsp;&nbsp;&nbsp;Pool QB0816, 3.00%, 07/01/2050 | 391321 | 351717 |
| &nbsp;&nbsp;&nbsp;Pool QB1681, 3.00%, 07/01/2050 | 490639 | 445499 |
| &nbsp;&nbsp;&nbsp;Pool QB2046, 3.00%, 08/01/2050 | 930422 | 840549 |
| &nbsp;&nbsp;&nbsp;Pool QB2674, 3.00%, 08/01/2050 | 819341 | 735912 |
| &nbsp;&nbsp;&nbsp;Pool QB3153, 3.00%, 09/01/2050 | 1235993 | 1115698 |
| &nbsp;&nbsp;&nbsp;Pool QD8209, 3.00%, 03/01/2052 | 1226408 | 1094426 |
| &nbsp;&nbsp;&nbsp;Pool QE0361, 3.00%, 04/01/2052 | 298974 | 268177 |
| &nbsp;&nbsp;&nbsp;Pool QE0366, 3.00%, 04/01/2052 | 663535 | 596319 |
| &nbsp;&nbsp;&nbsp;Pool QE1667, 3.00%, 04/01/2052 | 846206 | 758443 |
| &nbsp;&nbsp;&nbsp;Pool QE2155, 3.00%, 04/01/2052 | 1065757 | 950377 |
| &nbsp;&nbsp;&nbsp;Pool QE1714, 3.00%, 05/01/2052 | 1368337 | 1220199 |
| &nbsp;&nbsp;&nbsp;Pool QE1717, 3.00%, 05/01/2052 | 1294158 | 1165855 |
| &nbsp;&nbsp;&nbsp;Pool QA2070, 3.50%, 08/01/2049 | 406218 | 381807 |
| &nbsp;&nbsp;&nbsp;Pool QA2301, 3.50%, 08/01/2049 | 276098 | 258943 |
| &nbsp;&nbsp;&nbsp;Pool QA3110, 3.50%, 09/01/2049 | 458953 | 429092 |
| &nbsp;&nbsp;&nbsp;Pool QA3982, 3.50%, 10/01/2049 | 231567 | 217550 |
| &nbsp;&nbsp;&nbsp;Pool QA4885, 3.50%, 11/01/2049 | 244105 | 229678 |
| &nbsp;&nbsp;&nbsp;Pool QA6536, 3.50%, 01/01/2050 | 463469 | 435132 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **6** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool QA7418, 3.50%, 02/01/2050 | $479949 | $450972 |
| &nbsp;&nbsp;&nbsp;Pool QE0367, 3.50%, 04/01/2052 | 373259 | 347264 |
| &nbsp;&nbsp;&nbsp;Pool QE0369, 3.50%, 04/01/2052 | 749516 | 701541 |
| &nbsp;&nbsp;&nbsp;Pool QE1713, 3.50%, 05/01/2052 | 1602876 | 1500447 |
| &nbsp;&nbsp;&nbsp;Pool QE1715, 3.50%, 05/01/2052 | 2409290 | 2234395 |
| &nbsp;&nbsp;&nbsp;Pool QE2624, 3.50%, 05/01/2052 | 933999 | 868880 |
| &nbsp;&nbsp;&nbsp;Pool QE7181, 3.50%, 06/01/2052 | 649581 | 602376 |
| &nbsp;&nbsp;&nbsp;Pool RA7611, 3.50%, 06/01/2052 | 1283363 | 1198059 |
| &nbsp;&nbsp;&nbsp;Pool QA2406, 4.00%, 09/01/2049 | 69215 | 67602 |
| &nbsp;&nbsp;&nbsp;Pool QA4064, 4.00%, 10/01/2049 | 276267 | 267694 |
| &nbsp;&nbsp;&nbsp;Pool QE1708, 4.00%, 05/01/2052 | 1535166 | 1482002 |
| &nbsp;&nbsp;&nbsp;Pool QE1709, 4.00%, 05/01/2052 | 611572 | 588704 |
| &nbsp;&nbsp;&nbsp;Pool QE2611, 4.00%, 05/01/2052 | 1116744 | 1069318 |
| &nbsp;&nbsp;&nbsp;Pool RA7612, 4.00%, 07/01/2052 | 1712701 | 1639700 |
| &nbsp;&nbsp;&nbsp;Pool QF0536, 4.00%, 09/01/2052 | 340748 | 327309 |
| &nbsp;&nbsp;&nbsp;Pool RA7570, 4.00%, 09/01/2052 | 592664 | 567219 |
| &nbsp;&nbsp;&nbsp;Pool QF3781, 4.00%, 11/01/2052 | 345485 | 331636 |
| &nbsp;&nbsp;&nbsp;Pool QF0540, 4.50%, 09/01/2052 | 829826 | 816189 |
| &nbsp;&nbsp;&nbsp;Pool RA8057, 4.50%, 09/01/2052 | 264963 | 261596 |
| &nbsp;&nbsp;&nbsp;Pool QF2487, 4.50%, 10/01/2052 | 871940 | 860726 |
| &nbsp;&nbsp;&nbsp;Pool QF3782, 4.50%, 11/01/2052 | 631696 | 620670 |
| &nbsp;&nbsp;&nbsp;Pool QF5327, 4.50%, 12/01/2052 | 736507 | 725859 |
| &nbsp;&nbsp;&nbsp;Pool QG0426, 4.50%, 04/01/2053 | 911531 | 894739 |
| &nbsp;&nbsp;&nbsp;Pool QG3359, 4.50%, 05/01/2053 | 570065 | 560734 |
| &nbsp;&nbsp;&nbsp;Pool QJ7060, 4.50%, 10/01/2054 | 150568 | 147774 |
| &nbsp;&nbsp;&nbsp;Pool QX0540, 4.50%, 11/01/2054 | 1697773 | 1665050 |
| &nbsp;&nbsp;&nbsp;Pool RQ0011, 4.50%, 06/01/2055 | 5570726 | 5453111 |
| &nbsp;&nbsp;&nbsp;Pool QZ9107, 4.50%, 11/01/2055 | 427000 | 418797 |
| &nbsp;&nbsp;&nbsp;Pool QF3779, 5.00%, 11/01/2052 | 2362485 | 2362483 |
| &nbsp;&nbsp;&nbsp;Pool QF5326, 5.00%, 01/01/2053 | 1074364 | 1076242 |
| &nbsp;&nbsp;&nbsp;Pool QF7077, 5.00%, 02/01/2053 | 309633 | 310238 |
| &nbsp;&nbsp;&nbsp;Pool QG0421, 5.00%, 04/01/2053 | 1727147 | 1733913 |
| &nbsp;&nbsp;&nbsp;Pool QG0424, 5.00%, 04/01/2053 | 2442793 | 2448865 |
| &nbsp;&nbsp;&nbsp;Pool QG3332, 5.00%, 05/01/2053 | 882941 | 882751 |
| &nbsp;&nbsp;&nbsp;Pool QG5425, 5.00%, 06/01/2053 | 2024200 | 2028346 |
| &nbsp;&nbsp;&nbsp;Pool QG8430, 5.00%, 07/01/2053 | 702156 | 701973 |
| &nbsp;&nbsp;&nbsp;Pool QH0480, 5.00%, 09/01/2053 | 143528 | 143810 |
| &nbsp;&nbsp;&nbsp;Pool QI4113, 5.00%, 04/01/2054 | 701590 | 701837 |
| &nbsp;&nbsp;&nbsp;Pool QJ3298, 5.00%, 09/01/2054 | 416734 | 417007 |
| &nbsp;&nbsp;&nbsp;Pool QJ7081, 5.00%, 10/01/2054 | 1555957 | 1556977 |
| &nbsp;&nbsp;&nbsp;Pool QX0527, 5.00%, 12/01/2054 | 2189489 | 2189104 |
| &nbsp;&nbsp;&nbsp;Pool QX2151, 5.00%, 12/01/2054 | 448161 | 447450 |
| &nbsp;&nbsp;&nbsp;Pool QX4012, 5.00%, 01/01/2055 | 675699 | 675848 |
| &nbsp;&nbsp;&nbsp;Pool QX9333, 5.00%, 02/01/2055 | 597473 | 600753 |
| &nbsp;&nbsp;&nbsp;Pool QX8827, 5.00%, 03/01/2055 | 143850 | 143596 |
| &nbsp;&nbsp;&nbsp;Pool QY3815, 5.00%, 05/01/2055 | 954982 | 958389 |
| &nbsp;&nbsp;&nbsp;Pool QY6271, 5.00%, 06/01/2055 | 894858 | 899828 |
| &nbsp;&nbsp;&nbsp;Pool QY9430, 5.00%, 07/01/2055 | 1276359 | 1274833 |
| &nbsp;&nbsp;&nbsp;Pool QZ3449, 5.00%, 09/01/2055 | 1098743 | 1097429 |
| &nbsp;&nbsp;&nbsp;Pool QZ9114, 5.00%, 11/01/2055 | 6924251 | 6915954 |
| &nbsp;&nbsp;&nbsp;Pool QF2486, 5.50%, 09/01/2052 | 1319779 | 1344943 |
| &nbsp;&nbsp;&nbsp;Pool QF3780, 5.50%, 11/01/2052 | 1510999 | 1542655 |
| &nbsp;&nbsp;&nbsp;Pool QF5328, 5.50%, 01/01/2053 | 758921 | 772153 |
| &nbsp;&nbsp;&nbsp;Pool QF7080, 5.50%, 02/01/2053 | 863362 | 878029 |
| &nbsp;&nbsp;&nbsp;Pool QG0437, 5.50%, 03/01/2053 | 732944 | 742528 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **7** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool QG3342, 5.50%, 05/01/2053 | $719668 | $729774 |
| &nbsp;&nbsp;&nbsp;Pool QG5427, 5.50%, 06/01/2053 | 479178 | 486397 |
| &nbsp;&nbsp;&nbsp;Pool QG8431, 5.50%, 07/01/2053 | 502494 | 509939 |
| &nbsp;&nbsp;&nbsp;Pool QH0481, 5.50%, 09/01/2053 | 584289 | 593760 |
| &nbsp;&nbsp;&nbsp;Pool QH5152, 5.50%, 11/01/2053 | 420693 | 426136 |
| &nbsp;&nbsp;&nbsp;Pool QI1387, 5.50%, 03/01/2054 | 105241 | 106947 |
| &nbsp;&nbsp;&nbsp;Pool QI4092, 5.50%, 04/01/2054 | 813636 | 824243 |
| &nbsp;&nbsp;&nbsp;Pool QI5646, 5.50%, 05/01/2054 | 287813 | 293132 |
| &nbsp;&nbsp;&nbsp;Pool QI8488, 5.50%, 06/01/2054 | 401054 | 406685 |
| &nbsp;&nbsp;&nbsp;Pool QJ0995, 5.50%, 07/01/2054 | 219146 | 223300 |
| &nbsp;&nbsp;&nbsp;Pool QX2154, 5.50%, 11/01/2054 | 670885 | 679525 |
| &nbsp;&nbsp;&nbsp;Pool QX0517, 5.50%, 12/01/2054 | 813230 | 823990 |
| &nbsp;&nbsp;&nbsp;Pool QX4040, 5.50%, 01/01/2055 | 2660690 | 2703451 |
| &nbsp;&nbsp;&nbsp;Pool QX4745, 5.50%, 01/01/2055 | 672774 | 684151 |
| &nbsp;&nbsp;&nbsp;Pool QX9332, 5.50%, 02/01/2055 | 264890 | 269616 |
| &nbsp;&nbsp;&nbsp;Pool QX8790, 5.50%, 03/01/2055 | 641645 | 650413 |
| &nbsp;&nbsp;&nbsp;Pool QX9120, 5.50%, 03/01/2055 | 383104 | 390573 |
| &nbsp;&nbsp;&nbsp;Pool QX9901, 5.50%, 04/01/2055 | 366800 | 373202 |
| &nbsp;&nbsp;&nbsp;Pool QY3788, 5.50%, 05/01/2055 | 2207690 | 2243792 |
| &nbsp;&nbsp;&nbsp;Pool QY6745, 5.50%, 05/01/2055 | 591123 | 602399 |
| &nbsp;&nbsp;&nbsp;Pool QY6274, 5.50%, 06/01/2055 | 2249790 | 2291731 |
| &nbsp;&nbsp;&nbsp;Pool QY9433, 5.50%, 07/01/2055 | 6119441 | 6204178 |
| &nbsp;&nbsp;&nbsp;Pool QZ3447, 5.50%, 09/01/2055 | 4406634 | 4467139 |
| &nbsp;&nbsp;&nbsp;Pool QZ9121, 5.50%, 11/01/2055 | 5299008 | 5371805 |
| &nbsp;&nbsp;&nbsp;Pool QF3783, 6.00%, 11/01/2052 | 612256 | 628996 |
| &nbsp;&nbsp;&nbsp;Pool QF5743, 6.00%, 01/01/2053 | 459772 | 473350 |
| &nbsp;&nbsp;&nbsp;Pool QF7079, 6.00%, 02/01/2053 | 416461 | 428861 |
| &nbsp;&nbsp;&nbsp;Pool QG0436, 6.00%, 04/01/2053 | 1166627 | 1193899 |
| &nbsp;&nbsp;&nbsp;Pool QG3340, 6.00%, 05/01/2053 | 1180803 | 1211508 |
| &nbsp;&nbsp;&nbsp;Pool QG5437, 6.00%, 06/01/2053 | 635954 | 652708 |
| &nbsp;&nbsp;&nbsp;Pool QG8432, 6.00%, 07/01/2053 | 202757 | 208071 |
| &nbsp;&nbsp;&nbsp;Pool QH0478, 6.00%, 09/01/2053 | 1759187 | 1804502 |
| &nbsp;&nbsp;&nbsp;Pool QH5153, 6.00%, 11/01/2053 | 867595 | 889943 |
| &nbsp;&nbsp;&nbsp;Pool QH7527, 6.00%, 12/01/2053 | 249280 | 255763 |
| &nbsp;&nbsp;&nbsp;Pool QI4106, 6.00%, 04/01/2054 | 671595 | 688890 |
| &nbsp;&nbsp;&nbsp;Pool QI5653, 6.00%, 05/01/2054 | 482222 | 497229 |
| &nbsp;&nbsp;&nbsp;Pool QI8485, 6.00%, 06/01/2054 | 513538 | 527318 |
| &nbsp;&nbsp;&nbsp;Pool QJ0983, 6.00%, 08/01/2054 | 1135943 | 1166941 |
| &nbsp;&nbsp;&nbsp;Pool SD8454, 6.00%, 08/01/2054 | 15935871 | 16299896 |
| &nbsp;&nbsp;&nbsp;Pool QJ3256, 6.00%, 09/01/2054 | 1033652 | 1060270 |
| &nbsp;&nbsp;&nbsp;Pool QX4010, 6.00%, 01/01/2055 | 679153 | 698435 |
| &nbsp;&nbsp;&nbsp;Pool QX8840, 6.00%, 03/01/2055 | 1063997 | 1090611 |
| &nbsp;&nbsp;&nbsp;Pool QX9121, 6.00%, 03/01/2055 | 758289 | 782910 |
| &nbsp;&nbsp;&nbsp;Pool QX9931, 6.00%, 04/01/2055 | 1890199 | 1937448 |
| &nbsp;&nbsp;&nbsp;Pool QY3776, 6.00%, 05/01/2055 | 2933409 | 3016812 |
| &nbsp;&nbsp;&nbsp;Pool QY6320, 6.00%, 06/01/2055 | 3082542 | 3169728 |
| &nbsp;&nbsp;&nbsp;Pool QY9427, 6.00%, 07/01/2055 | 5614107 | 5753792 |
| &nbsp;&nbsp;&nbsp;Pool QZ3446, 6.00%, 09/01/2055 | 4945209 | 5068252 |
| &nbsp;&nbsp;&nbsp;Pool QZ9126, 6.00%, 11/01/2055 | 3983887 | 4084349 |
| &nbsp;&nbsp;&nbsp;Pool QF5742, 6.50%, 01/01/2053 | 212936 | 222012 |
| &nbsp;&nbsp;&nbsp;Pool QH5154, 6.50%, 11/01/2053 | 569787 | 592603 |
| &nbsp;&nbsp;&nbsp;Pool QH7532, 6.50%, 12/01/2053 | 58850 | 61104 |
| &nbsp;&nbsp;&nbsp;Pool QI0785, 6.50%, 02/01/2054 | 340326 | 354623 |
| &nbsp;&nbsp;&nbsp;Pool QI4080, 6.50%, 04/01/2054 | 313381 | 325331 |
| &nbsp;&nbsp;&nbsp;Pool QI5648, 6.50%, 05/01/2054 | 584577 | 606833 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **8** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool QI8487, 6.50%, 06/01/2054 | $1498323 | $1556556 |
| &nbsp;&nbsp;&nbsp;Pool QJ0978, 6.50%, 07/01/2054 | 674417 | 703404 |
| &nbsp;&nbsp;&nbsp;Pool QX9895, 6.50%, 03/01/2055 | 466407 | 483537 |
| &nbsp;&nbsp;&nbsp;Pool QY6313, 6.50%, 06/01/2055 | 1680317 | 1743138 |
| &nbsp;&nbsp;&nbsp;Pool QY9432, 6.50%, 07/01/2055 | 1769340 | 1834326 |
| &nbsp;&nbsp;&nbsp;Pool QZ3451, 6.50%, 09/01/2055 | 1269271 | 1317437 |
| &nbsp;&nbsp;&nbsp;Pool QZ9124, 6.50%, 10/01/2055 | 500148 | 519234 |
| &nbsp;&nbsp;&nbsp;Pool QH5155, 7.00%, 11/01/2053 | 630553 | 660795 |
| &nbsp;&nbsp;&nbsp;Pool QH7533, 7.00%, 12/01/2053 | 506536 | 533203 |
| &nbsp;&nbsp;&nbsp;Pool QI8486, 7.00%, 06/01/2054 | 279687 | 293378 |
|  |  | 279041506 |
| &nbsp;&nbsp;&nbsp;**FHMS Multifamily - 4.03%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool KG03, 0.70%, 04/25/2029 (b) | 1092006 | 1034393 |
| &nbsp;&nbsp;&nbsp;Pool P003, 0.83%, 02/25/2031 | 3626340 | 3294634 |
| &nbsp;&nbsp;&nbsp;Pool KG04, 0.85%, 06/25/2030 | 7698749 | 7184305 |
| &nbsp;&nbsp;&nbsp;Pool K123, 0.93%, 06/25/2030 | 2450934 | 2290759 |
| &nbsp;&nbsp;&nbsp;Pool K124, 0.96%, 08/25/2030 | 2541324 | 2370157 |
| &nbsp;&nbsp;&nbsp;Pool Q012, 1.01%, 08/25/2030 | 3211445 | 3017312 |
| &nbsp;&nbsp;&nbsp;Pool P009, 1.13%, 01/25/2031 | 14557692 | 13683740 |
| &nbsp;&nbsp;&nbsp;Pool WA4405, 1.15%, 05/01/2027 | 967557 | 945703 |
| &nbsp;&nbsp;&nbsp;Pool K131, 1.16%, 01/25/2031 | 3513294 | 3260500 |
| &nbsp;&nbsp;&nbsp;Pool P011, 1.20%, 09/25/2031 | 381399 | 355434 |
| &nbsp;&nbsp;&nbsp;Pool KG03, 1.30%, 06/25/2030 (b) | 8000000 | 7136262 |
| &nbsp;&nbsp;&nbsp;Pool WN1096, 1.46%, 01/01/2028 | 6120000 | 5822020 |
| &nbsp;&nbsp;&nbsp;Pool KSG1, 1.50%, 09/25/2030 | 3850000 | 3451774 |
| &nbsp;&nbsp;&nbsp;Pool K109, 1.56%, 04/25/2030 | 1500000 | 1363101 |
| &nbsp;&nbsp;&nbsp;Pool Q014, 1.56%, 01/25/2036 | 2341004 | 1978891 |
| &nbsp;&nbsp;&nbsp;Pool K741, 1.60%, 12/25/2027 | 20000000 | 19169771 |
| &nbsp;&nbsp;&nbsp;Pool 2021-ML08, 1.88%, 07/25/2037 | 1308012 | 1087839 |
| &nbsp;&nbsp;&nbsp;Pool WN0034, 1.94%, 04/01/2037 | 816320 | 635861 |
| &nbsp;&nbsp;&nbsp;Pool K747, 2.05%, 11/25/2028 (b) | 9000000 | 8564693 |
| &nbsp;&nbsp;&nbsp;Pool K140, 2.29%, 07/25/2031 | 457799 | 432834 |
| &nbsp;&nbsp;&nbsp;Pool K137, 2.35%, 11/25/2031 (b) | 3500000 | 3186042 |
| &nbsp;&nbsp;&nbsp;Pool KSG3, 2.65%, 05/25/2032 (b) | 1350000 | 1236480 |
| &nbsp;&nbsp;&nbsp;Pool K094, 2.70%, 04/25/2029 | 2623554 | 2568364 |
| &nbsp;&nbsp;&nbsp;Pool P013, 2.85%, 02/25/2032 (b) | 450000 | 413695 |
| &nbsp;&nbsp;&nbsp;Pool WA4420, 3.10%, 02/01/2029 | 3241561 | 3169877 |
| &nbsp;&nbsp;&nbsp;Pool K147, 3.39%, 02/25/2032 (b) | 502326 | 493153 |
| &nbsp;&nbsp;&nbsp;Pool KSG4, 3.40%, 08/25/2032 (b) | 6850000 | 6543646 |
| &nbsp;&nbsp;&nbsp;Pool Q028, 4.36%, 07/25/2029 | 8273198 | 8383371 |
| &nbsp;&nbsp;&nbsp;Pool WN5174, 4.39%, 10/01/2029 | 4775000 | 4820584 |
| &nbsp;&nbsp;&nbsp;Pool F118, 4.40%, (SOFR30A+0.200%), 07/25/2028 (b) | 210632 | 209552 |
| &nbsp;&nbsp;&nbsp;Pool WN5212, 4.55%, 11/01/2029 | 17303000 | 17555433 |
| &nbsp;&nbsp;&nbsp;Pool Q027, 4.66%, 08/25/2031 | 2853000 | 2936986 |
| &nbsp;&nbsp;&nbsp;Pool 2024-P016, 4.77%, 03/25/2029 (b) | 13288202 | 13509642 |
| &nbsp;&nbsp;&nbsp;Pool K502, 4.80%, 09/25/2028 (b) | 1200000 | 1226832 |
| &nbsp;&nbsp;&nbsp;Pool WN2590, 5.08%, 04/01/2029 | 1805000 | 1844307 |
|  |  | 155177947 |
| &nbsp;&nbsp;&nbsp;**FNMA Multifamily - 10.74%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool BS1033, 1.02%, 02/01/2028 | 6719365 | 6309672 |
| &nbsp;&nbsp;&nbsp;Pool BS1139, 1.04%, 02/01/2028 | 2255889 | 2125494 |
| &nbsp;&nbsp;&nbsp;Pool BL8108, 1.19%, 09/01/2032 | 2639552 | 2225253 |
| &nbsp;&nbsp;&nbsp;Pool BL7910, 1.23%, 08/01/2027 | 4584674 | 4381051 |
| &nbsp;&nbsp;&nbsp;Pool BL7892, 1.24%, 08/01/2030 | 5737920 | 5112766 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **9** 

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BL7247, 1.25%, 06/01/2030 | $2758966 | $2473107 |
| &nbsp;&nbsp;&nbsp;Pool BL7686, 1.28%, 08/01/2030 | 2636237 | 2353931 |
| &nbsp;&nbsp;&nbsp;Pool BL7010, 1.30%, 06/01/2030 | 9489394 | 8503556 |
| &nbsp;&nbsp;&nbsp;Pool BL7898, 1.31%, 08/01/2032 | 3800000 | 3192232 |
| &nbsp;&nbsp;&nbsp;Pool BL8103, 1.32%, 12/01/2030 | 6413144 | 5686397 |
| &nbsp;&nbsp;&nbsp;Pool BL8000, 1.34%, 09/01/2030 | 4820586 | 4269161 |
| &nbsp;&nbsp;&nbsp;Pool BL8013, 1.36%, 08/01/2035 | 3954289 | 3122436 |
| &nbsp;&nbsp;&nbsp;Pool BL8014, 1.36%, 08/01/2035 | 3651503 | 2883347 |
| &nbsp;&nbsp;&nbsp;Pool BS0025, 1.38%, 12/01/2030 | 7117570 | 6328094 |
| &nbsp;&nbsp;&nbsp;Pool BS0596, 1.38%, 01/01/2031 | 200000 | 175960 |
| &nbsp;&nbsp;&nbsp;Pool BL7636, 1.41%, 07/01/2032 | 1092697 | 932541 |
| &nbsp;&nbsp;&nbsp;Pool 2021-M1S, 1.43%, 12/25/2030 (b) | 13550000 | 12006489 |
| &nbsp;&nbsp;&nbsp;Pool BL7257, 1.44%, 06/01/2032 | 369780 | 318045 |
| &nbsp;&nbsp;&nbsp;Pool BL9838, 1.48%, 12/01/2030 | 2290572 | 2042638 |
| &nbsp;&nbsp;&nbsp;Pool BL6827, 1.50%, 06/01/2032 | 5378587 | 4680976 |
| &nbsp;&nbsp;&nbsp;Pool BL7673, 1.57%, 08/01/2037 | 7232136 | 5482736 |
| &nbsp;&nbsp;&nbsp;Pool BS1482, 1.61%, 03/01/2031 | 1348562 | 1204550 |
| &nbsp;&nbsp;&nbsp;Pool BS0391, 1.63%, 01/01/2033 | 4542893 | 3888535 |
| &nbsp;&nbsp;&nbsp;Pool BS0179, 1.67%, 01/01/2033 | 745200 | 640205 |
| &nbsp;&nbsp;&nbsp;Pool BS4667, 1.71%, 03/01/2029 | 3360690 | 3132762 |
| &nbsp;&nbsp;&nbsp;Pool BL7338, 1.81%, 07/01/2032 | 1606694 | 1409116 |
| &nbsp;&nbsp;&nbsp;Pool BS1977, 1.85%, 05/01/2031 | 3605960 | 3240569 |
| &nbsp;&nbsp;&nbsp;Pool BS2625, 1.89%, 07/01/2031 | 4645000 | 4085162 |
| &nbsp;&nbsp;&nbsp;Pool BL6240, 1.94%, 03/01/2030 | 725778 | 666071 |
| &nbsp;&nbsp;&nbsp;Pool BS1922, 2.03%, 05/01/2031 | 2000000 | 1798479 |
| &nbsp;&nbsp;&nbsp;Pool BL6159, 2.06%, 03/01/2030 | 1683696 | 1565557 |
| &nbsp;&nbsp;&nbsp;Pool 2022-M1S, 2.15%, 04/25/2032 (b) | 2500000 | 2219245 |
| &nbsp;&nbsp;&nbsp;Pool BL5261, 2.18%, 03/01/2030 | 1754299 | 1641661 |
| &nbsp;&nbsp;&nbsp;Pool BL6486, 2.31%, 04/01/2030 | 1470000 | 1362097 |
| &nbsp;&nbsp;&nbsp;Pool BL5452, 2.41%, 01/01/2030 | 3116012 | 2923796 |
| &nbsp;&nbsp;&nbsp;Pool BS5203, 2.41%, 04/01/2032 | 1088025 | 990888 |
| &nbsp;&nbsp;&nbsp;Pool BL4589, 2.45%, 10/01/2029 | 1001431 | 952392 |
| &nbsp;&nbsp;&nbsp;Pool BL5265, 2.47%, 01/01/2030 | 720511 | 683628 |
| &nbsp;&nbsp;&nbsp;Pool BS5218, 2.49%, 04/01/2032 | 5777000 | 5257115 |
| &nbsp;&nbsp;&nbsp;Pool BL4134, 2.52%, 02/01/2034 | 610860 | 546144 |
| &nbsp;&nbsp;&nbsp;Pool AN1428, 2.69%, 04/01/2026 | 503174 | 499709 |
| &nbsp;&nbsp;&nbsp;Pool AN0876, 2.85%, 02/01/2026 | 1202441 | 1197170 |
| &nbsp;&nbsp;&nbsp;Pool AM0414, 2.87%, 09/01/2027 | 5648570 | 5551177 |
| &nbsp;&nbsp;&nbsp;Pool AN6823, 2.95%, 09/01/2029 | 2329859 | 2255893 |
| &nbsp;&nbsp;&nbsp;Pool AN5536, 2.97%, 05/01/2027 | 2889837 | 2851547 |
| &nbsp;&nbsp;&nbsp;Pool BL2741, 2.97%, 06/01/2029 | 3073594 | 2985678 |
| &nbsp;&nbsp;&nbsp;Pool AN6926, 3.00%, 11/01/2032 | 885361 | 830834 |
| &nbsp;&nbsp;&nbsp;Pool BL4558, 3.00%, 11/01/2035 | 780909 | 700993 |
| &nbsp;&nbsp;&nbsp;Pool AN7354, 3.03%, 11/01/2027 | 2369916 | 2333106 |
| &nbsp;&nbsp;&nbsp;Pool AN5273, 3.06%, 05/01/2027 | 358104 | 353794 |
| &nbsp;&nbsp;&nbsp;Pool AN5758, 3.09%, 06/01/2027 | 1325182 | 1307229 |
| &nbsp;&nbsp;&nbsp;Pool BL2603, 3.10%, 05/01/2029 | 5062624 | 4912080 |
| &nbsp;&nbsp;&nbsp;Pool AN8521, 3.19%, 03/01/2028 | 2252523 | 2201556 |
| &nbsp;&nbsp;&nbsp;Pool AN6262, 3.20%, 08/01/2027 | 459397 | 454209 |
| &nbsp;&nbsp;&nbsp;Pool BL2561, 3.20%, 05/01/2029 | 4618660 | 4521030 |
| &nbsp;&nbsp;&nbsp;Pool AN6232, 3.20%, 08/01/2029 | 4557159 | 4453994 |
| &nbsp;&nbsp;&nbsp;Pool AN4133, 3.21%, 01/01/2033 | 206012 | 195550 |
| &nbsp;&nbsp;&nbsp;Pool AM8227, 3.21%, 03/01/2033 | 79298 | 74590 |
| &nbsp;&nbsp;&nbsp;Pool AN5792, 3.30%, 04/01/2034 | 855769 | 797692 |
| &nbsp;&nbsp;&nbsp;Pool BL2117, 3.31%, 04/01/2029 | 5925000 | 5819556 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **10** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool AM9780, 3.31%, 03/01/2031 | $345450 | $334279 |
| &nbsp;&nbsp;&nbsp;Pool BL2377, 3.34%, 05/01/2031 | 2643898 | 2558924 |
| &nbsp;&nbsp;&nbsp;Pool AN8814, 3.36%, 04/01/2028 | 865175 | 855519 |
| &nbsp;&nbsp;&nbsp;Pool AN4505, 3.36%, 02/01/2032 | 899637 | 865802 |
| &nbsp;&nbsp;&nbsp;Pool AN5418, 3.40%, 05/01/2033 | 750000 | 712758 |
| &nbsp;&nbsp;&nbsp;Pool AN8736, 3.48%, 05/01/2028 | 3839121 | 3805209 |
| &nbsp;&nbsp;&nbsp;Pool BS5750, 3.49%, 06/01/2032 | 5000000 | 4810662 |
| &nbsp;&nbsp;&nbsp;Pool BS5876, 3.59%, 06/01/2032 | 6000000 | 5805898 |
| &nbsp;&nbsp;&nbsp;Pool BS5528, 3.60%, 06/01/2032 | 2434331 | 2366174 |
| &nbsp;&nbsp;&nbsp;Pool BS5960, 3.64%, 06/01/2032 | 1200000 | 1135429 |
| &nbsp;&nbsp;&nbsp;Pool BS5916, 3.72%, 06/01/2032 | 9626781 | 9326734 |
| &nbsp;&nbsp;&nbsp;Pool BS6007, 3.77%, 07/01/2032 | 5288976 | 5174675 |
| &nbsp;&nbsp;&nbsp;Pool AN4171, 3.79%, 01/01/2035 | 719103 | 688702 |
| &nbsp;&nbsp;&nbsp;Pool AN9844, 3.80%, 07/01/2030 | 720956 | 716224 |
| &nbsp;&nbsp;&nbsp;Pool AM9376, 3.83%, 07/01/2045 | 408129 | 374257 |
| &nbsp;&nbsp;&nbsp;Pool AN0360, 3.95%, 12/01/2045 | 100000 | 85935 |
| &nbsp;&nbsp;&nbsp;Pool AN4676, 4.10%, 03/01/2047 | 1140556 | 1058358 |
| &nbsp;&nbsp;&nbsp;Pool BS6657, 4.14%, 09/01/2029 | 5569384 | 5544080 |
| &nbsp;&nbsp;&nbsp;Pool BS7738, 4.20%, 03/01/2033 | 2147000 | 2139983 |
| &nbsp;&nbsp;&nbsp;Pool BZ4015, 4.25%, 06/01/2032 | 5013000 | 5026717 |
| &nbsp;&nbsp;&nbsp;Pool BZ0520, 4.29%, 03/01/2034 | 3975000 | 3965208 |
| &nbsp;&nbsp;&nbsp;Pool BZ5158, 4.32%, 10/01/2030 | 1370817 | 1387554 |
| &nbsp;&nbsp;&nbsp;Pool BZ1957, 4.35%, 10/01/2034 | 14100000 | 14072581 |
| &nbsp;&nbsp;&nbsp;Pool AD8500, 4.41%, 12/01/2030 | 10000000 | 10077344 |
| &nbsp;&nbsp;&nbsp;Pool BZ3372, 4.43%, 03/01/2030 | 2500000 | 2541172 |
| &nbsp;&nbsp;&nbsp;Pool BZ3454, 4.45%, 05/01/2035 | 3914000 | 3926794 |
| &nbsp;&nbsp;&nbsp;Pool BZ3803, 4.46%, 05/01/2030 | 4055136 | 4125512 |
| &nbsp;&nbsp;&nbsp;Pool BS8569, 4.48%, 05/01/2030 | 1222997 | 1246287 |
| &nbsp;&nbsp;&nbsp;Pool BS8239, 4.48%, 04/01/2033 | 8388000 | 8499126 |
| &nbsp;&nbsp;&nbsp;Pool BZ0525, 4.50%, 02/01/2029 | 2806556 | 2856888 |
| &nbsp;&nbsp;&nbsp;Pool BZ1911, 4.55%, 09/01/2034 | 3427649 | 3475034 |
| &nbsp;&nbsp;&nbsp;Pool BS6963, 4.56%, 10/01/2029 | 4629507 | 4722363 |
| &nbsp;&nbsp;&nbsp;Pool BS7085, 4.57%, 11/01/2029 | 11219000 | 11389059 |
| &nbsp;&nbsp;&nbsp;Pool BS7448, 4.57%, 12/01/2032 | 5200000 | 5306288 |
| &nbsp;&nbsp;&nbsp;Pool BZ0408, 4.62%, 01/01/2034 | 3848756 | 3916149 |
| &nbsp;&nbsp;&nbsp;Pool BZ0204, 4.64%, 01/01/2034 | 2500000 | 2544418 |
| &nbsp;&nbsp;&nbsp;Pool 2023-M1S, 4.65%, 04/25/2033 (b) | 3810000 | 3871012 |
| &nbsp;&nbsp;&nbsp;Pool BS7955, 4.74%, 04/01/2033 | 1463971 | 1501395 |
| &nbsp;&nbsp;&nbsp;Pool BZ3013, 4.74%, 01/01/2035 | 8964000 | 9154441 |
| &nbsp;&nbsp;&nbsp;Pool 468251, 4.76%, 06/01/2026 | 507363 | 506971 |
| &nbsp;&nbsp;&nbsp;Pool BZ1929, 4.81%, 08/01/2034 | 1979710 | 2032833 |
| &nbsp;&nbsp;&nbsp;Pool BZ4657, 4.84%, 08/01/2035 | 9800000 | 10037295 |
| &nbsp;&nbsp;&nbsp;Pool 2024-M5, 4.85%, 08/25/2034 (b) | 4721000 | 4876553 |
| &nbsp;&nbsp;&nbsp;Pool BZ3541, 4.86%, 04/01/2035 | 2985179 | 3069567 |
| &nbsp;&nbsp;&nbsp;Pool BZ0312, 4.87%, 01/01/2029 | 2932606 | 3009465 |
| &nbsp;&nbsp;&nbsp;Pool BS9779, 4.87%, 11/01/2030 | 3593000 | 3713215 |
| &nbsp;&nbsp;&nbsp;Pool BS7278, 4.90%, 11/01/2027 | 7585000 | 7585000 |
| &nbsp;&nbsp;&nbsp;Pool BS8361, 4.91%, 05/01/2030 | 3035037 | 3100547 |
| &nbsp;&nbsp;&nbsp;Pool BZ1270, 4.91%, 12/01/2034 | 1712838 | 1768234 |
| &nbsp;&nbsp;&nbsp;Pool BZ0133, 4.92%, 12/01/2028 | 1400000 | 1439430 |
| &nbsp;&nbsp;&nbsp;Pool BS9538, 4.97%, 09/01/2033 | 4089622 | 4238977 |
| &nbsp;&nbsp;&nbsp;Pool BZ2963, 5.00%, 01/01/2032 | 4940000 | 5144515 |
| &nbsp;&nbsp;&nbsp;Pool BZ3345, 5.04%, 04/01/2035 | 17401237 | 18071282 |
| &nbsp;&nbsp;&nbsp;Pool BS9607, 5.06%, 09/01/2030 | 1000000 | 1039142 |
| &nbsp;&nbsp;&nbsp;Pool 466907, 5.13%, 03/01/2026 | 304978 | 304414 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **11** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BZ3874, 5.13%, 05/01/2035 | $2000000 | $2091021 |
| &nbsp;&nbsp;&nbsp;Pool BZ0707, 5.14%, 04/01/2031 | 2110000 | 2180865 |
| &nbsp;&nbsp;&nbsp;Pool BS7201, 5.17%, 11/01/2032 | 4508673 | 4729264 |
| &nbsp;&nbsp;&nbsp;Pool 465394, 5.20%, 03/01/2026 | 410425 | 409690 |
| &nbsp;&nbsp;&nbsp;Pool BZ0167, 5.20%, 12/01/2028 | 2566000 | 2594430 |
| &nbsp;&nbsp;&nbsp;Pool BS7954, 5.55%, 04/01/2033 | 854442 | 884385 |
| &nbsp;&nbsp;&nbsp;Pool 467914, 6.10%, 04/01/2041 | 423066 | 423131 |
| &nbsp;&nbsp;&nbsp;Pool 463997, 6.12%, 12/01/2027 | 814285 | 814285 |
| &nbsp;&nbsp;&nbsp;Pool 464836, 6.23%, 03/01/2028 | 1329245 | 1329245 |
| &nbsp;&nbsp;&nbsp;Pool 465260, 6.33%, 06/01/2028 | 1211720 | 1211720 |
| &nbsp;&nbsp;&nbsp;Pool 464254, 6.34%, 11/01/2027 | 2210736 | 2210736 |
| &nbsp;&nbsp;&nbsp;Pool 464969, 6.34%, 04/01/2028 | 2265541 | 2265541 |
| &nbsp;&nbsp;&nbsp;Pool 464632, 6.50%, 02/01/2028 | 379795 | 379795 |
| &nbsp;&nbsp;&nbsp;Pool 465588, 6.55%, 07/01/2028 | 466544 | 466544 |
| &nbsp;&nbsp;&nbsp;Pool 464573, 6.72%, 02/01/2040 | 1987159 | 1987159 |
|  |  | 412991436 |
| &nbsp;&nbsp;&nbsp;**FNMA Single Family - 22.30%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool BU1090, 1.50%, 10/01/2036 | 212341 | 191825 |
| &nbsp;&nbsp;&nbsp;Pool BQ1545, 2.00%, 09/01/2050 | 2513510 | 2070536 |
| &nbsp;&nbsp;&nbsp;Pool BQ1571, 2.00%, 09/01/2050 | 3425359 | 2820487 |
| &nbsp;&nbsp;&nbsp;Pool BQ1603, 2.00%, 09/01/2050 | 1149054 | 955418 |
| &nbsp;&nbsp;&nbsp;Pool BQ2362, 2.00%, 09/01/2050 | 2635262 | 2169911 |
| &nbsp;&nbsp;&nbsp;Pool BQ3064, 2.00%, 09/01/2050 | 2144918 | 1766154 |
| &nbsp;&nbsp;&nbsp;Pool CA7182, 2.00%, 09/01/2050 | 1593510 | 1312118 |
| &nbsp;&nbsp;&nbsp;Pool BP7434, 2.00%, 10/01/2050 | 792380 | 652456 |
| &nbsp;&nbsp;&nbsp;Pool BQ3112, 2.00%, 10/01/2050 | 1767780 | 1454997 |
| &nbsp;&nbsp;&nbsp;Pool BQ4812, 2.00%, 10/01/2050 | 2809369 | 2312293 |
| &nbsp;&nbsp;&nbsp;Pool BQ4876, 2.00%, 10/01/2050 | 1732062 | 1425599 |
| &nbsp;&nbsp;&nbsp;Pool CA7287, 2.00%, 10/01/2050 | 1855176 | 1527577 |
| &nbsp;&nbsp;&nbsp;Pool BQ5814, 2.00%, 11/01/2050 | 1818504 | 1496746 |
| &nbsp;&nbsp;&nbsp;Pool BQ7638, 2.00%, 11/01/2050 | 1122449 | 933058 |
| &nbsp;&nbsp;&nbsp;Pool CA7661, 2.00%, 11/01/2050 | 2052184 | 1689080 |
| &nbsp;&nbsp;&nbsp;Pool CA8322, 2.00%, 12/01/2050 | 1966622 | 1617284 |
| &nbsp;&nbsp;&nbsp;Pool BR0679, 2.00%, 01/01/2051 | 2680428 | 2204295 |
| &nbsp;&nbsp;&nbsp;Pool BR1282, 2.00%, 01/01/2051 | 1373190 | 1128787 |
| &nbsp;&nbsp;&nbsp;Pool BQ4492, 2.00%, 02/01/2051 | 820337 | 678704 |
| &nbsp;&nbsp;&nbsp;Pool BR3230, 2.00%, 02/01/2051 | 3437379 | 2843141 |
| &nbsp;&nbsp;&nbsp;Pool CA9082, 2.00%, 02/01/2051 | 2779906 | 2285132 |
| &nbsp;&nbsp;&nbsp;Pool BR4749, 2.00%, 03/01/2051 | 1213558 | 1003340 |
| &nbsp;&nbsp;&nbsp;Pool CB0668, 2.00%, 05/01/2051 | 1730164 | 1420709 |
| &nbsp;&nbsp;&nbsp;Pool MA4355, 2.00%, 06/01/2051 | 15777157 | 12955272 |
| &nbsp;&nbsp;&nbsp;Pool BT1268, 2.00%, 07/01/2051 | 2442159 | 2008107 |
| &nbsp;&nbsp;&nbsp;Pool BT1347, 2.00%, 07/01/2051 | 3053863 | 2520601 |
| &nbsp;&nbsp;&nbsp;Pool BR2232, 2.00%, 08/01/2051 | 726043 | 595677 |
| &nbsp;&nbsp;&nbsp;Pool BT2780, 2.00%, 08/01/2051 | 4869887 | 4002648 |
| &nbsp;&nbsp;&nbsp;Pool BT7189, 2.00%, 08/01/2051 | 2988193 | 2450600 |
| &nbsp;&nbsp;&nbsp;Pool BT9013, 2.00%, 08/01/2051 | 1261427 | 1034929 |
| &nbsp;&nbsp;&nbsp;Pool BT7259, 2.00%, 09/01/2051 | 4080553 | 3345013 |
| &nbsp;&nbsp;&nbsp;Pool BT7351, 2.00%, 10/01/2051 | 4481510 | 3673695 |
| &nbsp;&nbsp;&nbsp;Pool BU1092, 2.00%, 10/01/2051 | 2937192 | 2411056 |
| &nbsp;&nbsp;&nbsp;Pool BU2995, 2.00%, 10/01/2051 | 1097033 | 907184 |
| &nbsp;&nbsp;&nbsp;Pool BU3147, 2.00%, 10/01/2051 | 440230 | 361372 |
| &nbsp;&nbsp;&nbsp;Pool CB1941, 2.00%, 10/01/2051 | 7936908 | 6503471 |
| &nbsp;&nbsp;&nbsp;Pool BU1004, 2.00%, 11/01/2051 | 2315974 | 1915179 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **12** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BU7796, 2.00%, 11/01/2051 | $1269611 | $1042187 |
| &nbsp;&nbsp;&nbsp;Pool BU9860, 2.00%, 01/01/2052 | 885917 | 733059 |
| &nbsp;&nbsp;&nbsp;Pool BU9861, 2.00%, 01/01/2052 | 1683979 | 1380567 |
| &nbsp;&nbsp;&nbsp;Pool BT2173, 2.00%, 02/01/2052 | 1793621 | 1470454 |
| &nbsp;&nbsp;&nbsp;Pool BV3015, 2.00%, 02/01/2052 | 1641407 | 1343595 |
| &nbsp;&nbsp;&nbsp;Pool BV3016, 2.00%, 02/01/2052 | 1116089 | 923517 |
| &nbsp;&nbsp;&nbsp;Pool BV3213, 2.00%, 02/01/2052 | 1442874 | 1180774 |
| &nbsp;&nbsp;&nbsp;Pool BV4124, 2.00%, 02/01/2052 | 1136592 | 930372 |
| &nbsp;&nbsp;&nbsp;Pool BV4125, 2.00%, 02/01/2052 | 444672 | 366937 |
| &nbsp;&nbsp;&nbsp;Pool BV5522, 2.00%, 02/01/2052 | 277523 | 227170 |
| &nbsp;&nbsp;&nbsp;Pool CB2791, 2.00%, 02/01/2052 | 7372845 | 6033560 |
| &nbsp;&nbsp;&nbsp;Pool BP5424, 2.50%, 05/01/2050 | 637315 | 554476 |
| &nbsp;&nbsp;&nbsp;Pool CA5693, 2.50%, 05/01/2050 | 899097 | 780682 |
| &nbsp;&nbsp;&nbsp;Pool BP5447, 2.50%, 06/01/2050 | 364985 | 317434 |
| &nbsp;&nbsp;&nbsp;Pool BP5470, 2.50%, 06/01/2050 | 355624 | 309147 |
| &nbsp;&nbsp;&nbsp;Pool BP5498, 2.50%, 06/01/2050 | 710758 | 612207 |
| &nbsp;&nbsp;&nbsp;Pool BP8732, 2.50%, 06/01/2050 | 1195608 | 1029829 |
| &nbsp;&nbsp;&nbsp;Pool CA6159, 2.50%, 06/01/2050 | 1082052 | 932354 |
| &nbsp;&nbsp;&nbsp;Pool BP8742, 2.50%, 07/01/2050 | 488424 | 420701 |
| &nbsp;&nbsp;&nbsp;Pool BP8759, 2.50%, 07/01/2050 | 936350 | 806519 |
| &nbsp;&nbsp;&nbsp;Pool BP8789, 2.50%, 07/01/2050 | 680400 | 591267 |
| &nbsp;&nbsp;&nbsp;Pool BP8814, 2.50%, 07/01/2050 | 479012 | 416909 |
| &nbsp;&nbsp;&nbsp;Pool BP9533, 2.50%, 07/01/2050 | 1423664 | 1225822 |
| &nbsp;&nbsp;&nbsp;Pool BP9534, 2.50%, 07/01/2050 | 1013435 | 881100 |
| &nbsp;&nbsp;&nbsp;Pool BP9566, 2.50%, 07/01/2050 | 268347 | 232945 |
| &nbsp;&nbsp;&nbsp;Pool BP9596, 2.50%, 08/01/2050 | 386909 | 336701 |
| &nbsp;&nbsp;&nbsp;Pool BP9598, 2.50%, 08/01/2050 | 231141 | 201105 |
| &nbsp;&nbsp;&nbsp;Pool BQ0192, 2.50%, 08/01/2050 | 1171353 | 1016938 |
| &nbsp;&nbsp;&nbsp;Pool BQ0210, 2.50%, 08/01/2050 | 1532405 | 1331842 |
| &nbsp;&nbsp;&nbsp;Pool BQ0228, 2.50%, 08/01/2050 | 1283322 | 1112985 |
| &nbsp;&nbsp;&nbsp;Pool BQ0248, 2.50%, 08/01/2050 | 741062 | 643065 |
| &nbsp;&nbsp;&nbsp;Pool CA6683, 2.50%, 08/01/2050 | 2594564 | 2233202 |
| &nbsp;&nbsp;&nbsp;Pool BQ1546, 2.50%, 09/01/2050 | 2104646 | 1811518 |
| &nbsp;&nbsp;&nbsp;Pool BQ1572, 2.50%, 09/01/2050 | 2622455 | 2256396 |
| &nbsp;&nbsp;&nbsp;Pool BQ1604, 2.50%, 09/01/2050 | 1757661 | 1525506 |
| &nbsp;&nbsp;&nbsp;Pool BQ2363, 2.50%, 09/01/2050 | 1313161 | 1129862 |
| &nbsp;&nbsp;&nbsp;Pool BQ3065, 2.50%, 09/01/2050 | 2341053 | 2031843 |
| &nbsp;&nbsp;&nbsp;Pool BQ3113, 2.50%, 10/01/2050 | 1248901 | 1074184 |
| &nbsp;&nbsp;&nbsp;Pool BQ4813, 2.50%, 10/01/2050 | 2166856 | 1863721 |
| &nbsp;&nbsp;&nbsp;Pool BQ4877, 2.50%, 10/01/2050 | 641581 | 557564 |
| &nbsp;&nbsp;&nbsp;Pool CA7296, 2.50%, 10/01/2050 | 594047 | 511126 |
| &nbsp;&nbsp;&nbsp;Pool BQ7638, 2.50%, 11/01/2050 | 2092186 | 1812601 |
| &nbsp;&nbsp;&nbsp;Pool CA7663, 2.50%, 11/01/2050 | 1254400 | 1078914 |
| &nbsp;&nbsp;&nbsp;Pool BR2612, 2.50%, 02/01/2051 | 360818 | 313052 |
| &nbsp;&nbsp;&nbsp;Pool BR5455, 2.50%, 03/01/2051 | 813436 | 705874 |
| &nbsp;&nbsp;&nbsp;Pool BR7692, 2.50%, 04/01/2051 | 1057186 | 915374 |
| &nbsp;&nbsp;&nbsp;Pool BR9147, 2.50%, 05/01/2051 | 1846800 | 1600289 |
| &nbsp;&nbsp;&nbsp;Pool BT1269, 2.50%, 07/01/2051 | 3662687 | 3165567 |
| &nbsp;&nbsp;&nbsp;Pool BT2707, 2.50%, 07/01/2051 | 4209849 | 3632297 |
| &nbsp;&nbsp;&nbsp;Pool BT2781, 2.50%, 08/01/2051 | 2618227 | 2263127 |
| &nbsp;&nbsp;&nbsp;Pool BT7190, 2.50%, 08/01/2051 | 2264649 | 1953193 |
| &nbsp;&nbsp;&nbsp;Pool BT9012, 2.50%, 08/01/2051 | 469768 | 405377 |
| &nbsp;&nbsp;&nbsp;Pool BT7260, 2.50%, 09/01/2051 | 1594103 | 1377428 |
| &nbsp;&nbsp;&nbsp;Pool BU1093, 2.50%, 10/01/2051 | 2691816 | 2305333 |
| &nbsp;&nbsp;&nbsp;Pool CB2073, 2.50%, 11/01/2051 | 7279735 | 6234533 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **13** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BU7797, 2.50%, 12/01/2051 | $835422 | $720133 |
| &nbsp;&nbsp;&nbsp;Pool BU7877, 2.50%, 12/01/2051 | 1193052 | 1032104 |
| &nbsp;&nbsp;&nbsp;Pool BU7879, 2.50%, 12/01/2051 | 724743 | 628536 |
| &nbsp;&nbsp;&nbsp;Pool BU7880, 2.50%, 12/01/2051 | 810014 | 703774 |
| &nbsp;&nbsp;&nbsp;Pool BU7876, 2.50%, 01/01/2052 | 1772621 | 1517014 |
| &nbsp;&nbsp;&nbsp;Pool BU7878, 2.50%, 01/01/2052 | 1309019 | 1132579 |
| &nbsp;&nbsp;&nbsp;Pool BU9862, 2.50%, 01/01/2052 | 641554 | 554205 |
| &nbsp;&nbsp;&nbsp;Pool BU9863, 2.50%, 01/01/2052 | 1113050 | 962694 |
| &nbsp;&nbsp;&nbsp;Pool CB2518, 2.50%, 01/01/2052 | 3601335 | 3082034 |
| &nbsp;&nbsp;&nbsp;Pool BT2174, 2.50%, 02/01/2052 | 943726 | 814526 |
| &nbsp;&nbsp;&nbsp;Pool BV3017, 2.50%, 02/01/2052 | 962389 | 829806 |
| &nbsp;&nbsp;&nbsp;Pool BV3214, 2.50%, 02/01/2052 | 589865 | 504626 |
| &nbsp;&nbsp;&nbsp;Pool BV4126, 2.50%, 02/01/2052 | 348826 | 300225 |
| &nbsp;&nbsp;&nbsp;Pool BV4855, 2.50%, 02/01/2052 | 500304 | 428196 |
| &nbsp;&nbsp;&nbsp;Pool CB2792, 2.50%, 02/01/2052 | 3124374 | 2672881 |
| &nbsp;&nbsp;&nbsp;Pool BT8101, 2.50%, 03/01/2052 | 683769 | 590876 |
| &nbsp;&nbsp;&nbsp;Pool BV5521, 2.50%, 03/01/2052 | 520254 | 445271 |
| &nbsp;&nbsp;&nbsp;Pool BV5364, 2.50%, 04/01/2052 | 261206 | 225434 |
| &nbsp;&nbsp;&nbsp;Pool BW1785, 2.50%, 04/01/2052 | 848968 | 726542 |
| &nbsp;&nbsp;&nbsp;Pool CB3337, 2.50%, 04/01/2052 | 1024912 | 877114 |
| &nbsp;&nbsp;&nbsp;Pool AB6333, 3.00%, 09/01/2042 | 303392 | 282061 |
| &nbsp;&nbsp;&nbsp;Pool AP7482, 3.00%, 09/01/2042 | 26427 | 24569 |
| &nbsp;&nbsp;&nbsp;Pool AP9712, 3.00%, 09/01/2042 | 64752 | 60199 |
| &nbsp;&nbsp;&nbsp;Pool AB7486, 3.00%, 12/01/2042 | 545269 | 506932 |
| &nbsp;&nbsp;&nbsp;Pool AR5591, 3.00%, 01/01/2043 | 20381 | 18948 |
| &nbsp;&nbsp;&nbsp;Pool AT1983, 3.00%, 04/01/2043 | 332597 | 307414 |
| &nbsp;&nbsp;&nbsp;Pool AB9496, 3.00%, 05/01/2043 | 19331 | 17876 |
| &nbsp;&nbsp;&nbsp;Pool AR6415, 3.00%, 05/01/2043 | 188899 | 174596 |
| &nbsp;&nbsp;&nbsp;Pool AT0343, 3.00%, 05/01/2043 | 18871 | 17450 |
| &nbsp;&nbsp;&nbsp;Pool AS7134, 3.00%, 05/01/2046 | 506003 | 463952 |
| &nbsp;&nbsp;&nbsp;Pool AS7340, 3.00%, 06/01/2046 | 1023449 | 930955 |
| &nbsp;&nbsp;&nbsp;Pool BC1141, 3.00%, 06/01/2046 | 260945 | 237362 |
| &nbsp;&nbsp;&nbsp;Pool AS7521, 3.00%, 07/01/2046 | 784928 | 713990 |
| &nbsp;&nbsp;&nbsp;Pool BD0472, 3.00%, 07/01/2046 | 199224 | 181219 |
| &nbsp;&nbsp;&nbsp;Pool AS7816, 3.00%, 08/01/2046 | 1443553 | 1313091 |
| &nbsp;&nbsp;&nbsp;Pool BC2796, 3.00%, 08/01/2046 | 673606 | 612729 |
| &nbsp;&nbsp;&nbsp;Pool AS7899, 3.00%, 09/01/2046 | 616659 | 560928 |
| &nbsp;&nbsp;&nbsp;Pool BD6343, 3.00%, 09/01/2046 | 178743 | 163889 |
| &nbsp;&nbsp;&nbsp;Pool AS8079, 3.00%, 10/01/2046 | 1235922 | 1124225 |
| &nbsp;&nbsp;&nbsp;Pool BC4722, 3.00%, 10/01/2046 | 281354 | 255926 |
| &nbsp;&nbsp;&nbsp;Pool AS8290, 3.00%, 11/01/2046 | 1058899 | 963200 |
| &nbsp;&nbsp;&nbsp;Pool AS8463, 3.00%, 12/01/2046 | 1307138 | 1189005 |
| &nbsp;&nbsp;&nbsp;Pool BC9073, 3.00%, 12/01/2046 | 1346163 | 1224503 |
| &nbsp;&nbsp;&nbsp;Pool BD7042, 3.00%, 03/01/2047 | 331849 | 302021 |
| &nbsp;&nbsp;&nbsp;Pool BN6614, 3.00%, 05/01/2049 | 203228 | 183126 |
| &nbsp;&nbsp;&nbsp;Pool BN8885, 3.00%, 05/01/2049 | 153796 | 138583 |
| &nbsp;&nbsp;&nbsp;Pool BN6722, 3.00%, 06/01/2049 | 409587 | 369072 |
| &nbsp;&nbsp;&nbsp;Pool BN8907, 3.00%, 06/01/2049 | 84407 | 76451 |
| &nbsp;&nbsp;&nbsp;Pool BN8921, 3.00%, 06/01/2049 | 33127 | 30125 |
| &nbsp;&nbsp;&nbsp;Pool BO1800, 3.00%, 06/01/2049 | 1126329 | 1014917 |
| &nbsp;&nbsp;&nbsp;Pool BO1272, 3.00%, 07/01/2049 | 424201 | 382241 |
| &nbsp;&nbsp;&nbsp;Pool BO1283, 3.00%, 07/01/2049 | 168342 | 152971 |
| &nbsp;&nbsp;&nbsp;Pool CA3873, 3.00%, 07/01/2049 | 551502 | 496925 |
| &nbsp;&nbsp;&nbsp;Pool BN7692, 3.00%, 08/01/2049 | 175573 | 159025 |
| &nbsp;&nbsp;&nbsp;Pool BO1314, 3.00%, 08/01/2049 | 962436 | 867236 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **14** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BO1318, 3.00%, 08/01/2049 | $837125 | $754320 |
| &nbsp;&nbsp;&nbsp;Pool BO1324, 3.00%, 08/01/2049 | 1571575 | 1416122 |
| &nbsp;&nbsp;&nbsp;Pool CA3957, 3.00%, 08/01/2049 | 1128793 | 1020745 |
| &nbsp;&nbsp;&nbsp;Pool BO2209, 3.00%, 09/01/2049 | 718701 | 647610 |
| &nbsp;&nbsp;&nbsp;Pool BO2957, 3.00%, 09/01/2049 | 765116 | 689434 |
| &nbsp;&nbsp;&nbsp;Pool BO2962, 3.00%, 09/01/2049 | 1125476 | 1014149 |
| &nbsp;&nbsp;&nbsp;Pool BO3017, 3.00%, 09/01/2049 | 1224927 | 1103763 |
| &nbsp;&nbsp;&nbsp;Pool BO3200, 3.00%, 09/01/2049 | 459282 | 413852 |
| &nbsp;&nbsp;&nbsp;Pool CA4244, 3.00%, 09/01/2049 | 257197 | 231756 |
| &nbsp;&nbsp;&nbsp;Pool BO5402, 3.00%, 10/01/2049 | 1204626 | 1089319 |
| &nbsp;&nbsp;&nbsp;Pool BO5431, 3.00%, 10/01/2049 | 777190 | 700314 |
| &nbsp;&nbsp;&nbsp;Pool BO5441, 3.00%, 10/01/2049 | 392649 | 355641 |
| &nbsp;&nbsp;&nbsp;Pool CA4331, 3.00%, 10/01/2049 | 2289544 | 2063072 |
| &nbsp;&nbsp;&nbsp;Pool BO4660, 3.00%, 11/01/2049 | 474150 | 427249 |
| &nbsp;&nbsp;&nbsp;Pool BO5348, 3.00%, 11/01/2049 | 1384246 | 1247322 |
| &nbsp;&nbsp;&nbsp;Pool BO5477, 3.00%, 11/01/2049 | 699824 | 632585 |
| &nbsp;&nbsp;&nbsp;Pool BO5487, 3.00%, 11/01/2049 | 898748 | 812719 |
| &nbsp;&nbsp;&nbsp;Pool CA4531, 3.00%, 11/01/2049 | 2877780 | 2593122 |
| &nbsp;&nbsp;&nbsp;Pool BO5371, 3.00%, 12/01/2049 | 496717 | 449900 |
| &nbsp;&nbsp;&nbsp;Pool BO6215, 3.00%, 12/01/2049 | 200937 | 181061 |
| &nbsp;&nbsp;&nbsp;Pool BO8900, 3.00%, 12/01/2049 | 581476 | 525608 |
| &nbsp;&nbsp;&nbsp;Pool BO8936, 3.00%, 01/01/2050 | 1117447 | 1006914 |
| &nbsp;&nbsp;&nbsp;Pool BO8980, 3.00%, 01/01/2050 | 507858 | 459991 |
| &nbsp;&nbsp;&nbsp;Pool CA5097, 3.00%, 01/01/2050 | 327264 | 294893 |
| &nbsp;&nbsp;&nbsp;Pool BO9005, 3.00%, 02/01/2050 | 572319 | 515707 |
| &nbsp;&nbsp;&nbsp;Pool BP1309, 3.00%, 02/01/2050 | 366302 | 332341 |
| &nbsp;&nbsp;&nbsp;Pool CA5237, 3.00%, 02/01/2050 | 934805 | 842338 |
| &nbsp;&nbsp;&nbsp;Pool BP1374, 3.00%, 03/01/2050 | 1043803 | 939457 |
| &nbsp;&nbsp;&nbsp;Pool BP1467, 3.00%, 03/01/2050 | 903228 | 817395 |
| &nbsp;&nbsp;&nbsp;Pool BP5412, 3.00%, 05/01/2050 | 354208 | 321068 |
| &nbsp;&nbsp;&nbsp;Pool BP5425, 3.00%, 05/01/2050 | 155362 | 140720 |
| &nbsp;&nbsp;&nbsp;Pool CA5694, 3.00%, 05/01/2050 | 1334343 | 1200126 |
| &nbsp;&nbsp;&nbsp;Pool BP5448, 3.00%, 06/01/2050 | 113391 | 102547 |
| &nbsp;&nbsp;&nbsp;Pool BP5471, 3.00%, 06/01/2050 | 163397 | 147721 |
| &nbsp;&nbsp;&nbsp;Pool BP5499, 3.00%, 06/01/2050 | 161223 | 144906 |
| &nbsp;&nbsp;&nbsp;Pool BP8733, 3.00%, 06/01/2050 | 396382 | 356266 |
| &nbsp;&nbsp;&nbsp;Pool CA6160, 3.00%, 06/01/2050 | 315559 | 283821 |
| &nbsp;&nbsp;&nbsp;Pool BP8743, 3.00%, 07/01/2050 | 250760 | 227311 |
| &nbsp;&nbsp;&nbsp;Pool BP8760, 3.00%, 07/01/2050 | 156587 | 141733 |
| &nbsp;&nbsp;&nbsp;Pool BP8790, 3.00%, 07/01/2050 | 466561 | 422125 |
| &nbsp;&nbsp;&nbsp;Pool BP8815, 3.00%, 07/01/2050 | 413410 | 374036 |
| &nbsp;&nbsp;&nbsp;Pool BP9535, 3.00%, 07/01/2050 | 368015 | 332965 |
| &nbsp;&nbsp;&nbsp;Pool BP9536, 3.00%, 07/01/2050 | 822559 | 745055 |
| &nbsp;&nbsp;&nbsp;Pool BP9567, 3.00%, 07/01/2050 | 397629 | 361184 |
| &nbsp;&nbsp;&nbsp;Pool BP9597, 3.00%, 08/01/2050 | 440387 | 397981 |
| &nbsp;&nbsp;&nbsp;Pool BQ0193, 3.00%, 08/01/2050 | 360566 | 325737 |
| &nbsp;&nbsp;&nbsp;Pool BQ0211, 3.00%, 08/01/2050 | 97611 | 88601 |
| &nbsp;&nbsp;&nbsp;Pool BQ0229, 3.00%, 08/01/2050 | 440202 | 398592 |
| &nbsp;&nbsp;&nbsp;Pool BQ0249, 3.00%, 08/01/2050 | 260395 | 236432 |
| &nbsp;&nbsp;&nbsp;Pool BQ1573, 3.00%, 09/01/2050 | 1343952 | 1215138 |
| &nbsp;&nbsp;&nbsp;Pool BV4127, 3.00%, 03/01/2052 | 750587 | 674056 |
| &nbsp;&nbsp;&nbsp;Pool BV5365, 3.00%, 04/01/2052 | 985667 | 879072 |
| &nbsp;&nbsp;&nbsp;Pool BV5366, 3.00%, 04/01/2052 | 898364 | 807360 |
| &nbsp;&nbsp;&nbsp;Pool CB3338, 3.00%, 04/01/2052 | 3406271 | 3037900 |
| &nbsp;&nbsp;&nbsp;Pool BT8102, 3.00%, 05/01/2052 | 732471 | 653474 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **15** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BV8519, 3.00%, 05/01/2052 | $1194138 | $1070992 |
| &nbsp;&nbsp;&nbsp;Pool BV8520, 3.00%, 05/01/2052 | 537288 | 483992 |
| &nbsp;&nbsp;&nbsp;Pool BW1786, 3.00%, 05/01/2052 | 940584 | 838755 |
| &nbsp;&nbsp;&nbsp;Pool AS0092, 3.50%, 07/01/2043 | 90116 | 86194 |
| &nbsp;&nbsp;&nbsp;Pool AU1769, 3.50%, 08/01/2043 | 96285 | 92289 |
| &nbsp;&nbsp;&nbsp;Pool AX4858, 3.50%, 12/01/2044 | 100879 | 95629 |
| &nbsp;&nbsp;&nbsp;Pool AX7551, 3.50%, 01/01/2045 | 76424 | 73067 |
| &nbsp;&nbsp;&nbsp;Pool AY4388, 3.50%, 02/01/2045 | 64934 | 61893 |
| &nbsp;&nbsp;&nbsp;Pool AS4536, 3.50%, 03/01/2045 | 52929 | 50336 |
| &nbsp;&nbsp;&nbsp;Pool AX9585, 3.50%, 03/01/2045 | 552296 | 521176 |
| &nbsp;&nbsp;&nbsp;Pool AY5019, 3.50%, 03/01/2045 | 69113 | 65219 |
| &nbsp;&nbsp;&nbsp;Pool AS4738, 3.50%, 04/01/2045 | 247334 | 233398 |
| &nbsp;&nbsp;&nbsp;Pool AY1387, 3.50%, 04/01/2045 | 35304 | 33650 |
| &nbsp;&nbsp;&nbsp;Pool AS4913, 3.50%, 05/01/2045 | 362496 | 342070 |
| &nbsp;&nbsp;&nbsp;Pool AY3458, 3.50%, 05/01/2045 | 123548 | 117668 |
| &nbsp;&nbsp;&nbsp;Pool AY8271, 3.50%, 05/01/2045 | 69946 | 66005 |
| &nbsp;&nbsp;&nbsp;Pool AS5117, 3.50%, 06/01/2045 | 316442 | 300939 |
| &nbsp;&nbsp;&nbsp;Pool AZ2274, 3.50%, 06/01/2045 | 101854 | 97007 |
| &nbsp;&nbsp;&nbsp;Pool AZ2316, 3.50%, 06/01/2045 | 44257 | 42089 |
| &nbsp;&nbsp;&nbsp;Pool AS5351, 3.50%, 07/01/2045 | 67054 | 63276 |
| &nbsp;&nbsp;&nbsp;Pool AZ0805, 3.50%, 07/01/2045 | 286221 | 270093 |
| &nbsp;&nbsp;&nbsp;Pool AZ5686, 3.50%, 07/01/2045 | 33373 | 31785 |
| &nbsp;&nbsp;&nbsp;Pool AS5579, 3.50%, 08/01/2045 | 77643 | 73948 |
| &nbsp;&nbsp;&nbsp;Pool AZ5696, 3.50%, 08/01/2045 | 19923 | 19033 |
| &nbsp;&nbsp;&nbsp;Pool AS5767, 3.50%, 09/01/2045 | 123579 | 116616 |
| &nbsp;&nbsp;&nbsp;Pool AZ2904, 3.50%, 09/01/2045 | 71269 | 67254 |
| &nbsp;&nbsp;&nbsp;Pool AZ9193, 3.50%, 09/01/2045 | 99083 | 94368 |
| &nbsp;&nbsp;&nbsp;Pool AS5917, 3.50%, 10/01/2045 | 198630 | 187438 |
| &nbsp;&nbsp;&nbsp;Pool AZ4755, 3.50%, 10/01/2045 | 92311 | 87918 |
| &nbsp;&nbsp;&nbsp;Pool AS6127, 3.50%, 11/01/2045 | 273840 | 260424 |
| &nbsp;&nbsp;&nbsp;Pool AS6309, 3.50%, 12/01/2045 | 176239 | 166309 |
| &nbsp;&nbsp;&nbsp;Pool BC0066, 3.50%, 12/01/2045 | 128046 | 121773 |
| &nbsp;&nbsp;&nbsp;Pool AS6467, 3.50%, 01/01/2046 | 583019 | 550168 |
| &nbsp;&nbsp;&nbsp;Pool AS6616, 3.50%, 02/01/2046 | 399647 | 377129 |
| &nbsp;&nbsp;&nbsp;Pool BC0223, 3.50%, 02/01/2046 | 562675 | 530970 |
| &nbsp;&nbsp;&nbsp;Pool BC0226, 3.50%, 02/01/2046 | 94954 | 90370 |
| &nbsp;&nbsp;&nbsp;Pool AS6785, 3.50%, 03/01/2046 | 635528 | 599254 |
| &nbsp;&nbsp;&nbsp;Pool AS6956, 3.50%, 04/01/2046 | 958150 | 903461 |
| &nbsp;&nbsp;&nbsp;Pool BC0801, 3.50%, 04/01/2046 | 314430 | 296483 |
| &nbsp;&nbsp;&nbsp;Pool AS7135, 3.50%, 05/01/2046 | 94772 | 89600 |
| &nbsp;&nbsp;&nbsp;Pool BC6041, 3.50%, 05/01/2046 | 280946 | 264910 |
| &nbsp;&nbsp;&nbsp;Pool BD0456, 3.50%, 06/01/2046 | 15802 | 15040 |
| &nbsp;&nbsp;&nbsp;Pool BC9068, 3.50%, 12/01/2046 | 289498 | 273701 |
| &nbsp;&nbsp;&nbsp;Pool AS8635, 3.50%, 01/01/2047 | 1499161 | 1413592 |
| &nbsp;&nbsp;&nbsp;Pool AS8808, 3.50%, 02/01/2047 | 851980 | 803351 |
| &nbsp;&nbsp;&nbsp;Pool AS8918, 3.50%, 03/01/2047 | 2497272 | 2347997 |
| &nbsp;&nbsp;&nbsp;Pool BD7046, 3.50%, 03/01/2047 | 1957940 | 1840904 |
| &nbsp;&nbsp;&nbsp;Pool BE7198, 3.50%, 03/01/2047 | 294997 | 278598 |
| &nbsp;&nbsp;&nbsp;Pool AS9380, 3.50%, 04/01/2047 | 702127 | 660157 |
| &nbsp;&nbsp;&nbsp;Pool BH1139, 3.50%, 04/01/2047 | 22750 | 21526 |
| &nbsp;&nbsp;&nbsp;Pool BH1158, 3.50%, 04/01/2047 | 262145 | 246475 |
| &nbsp;&nbsp;&nbsp;Pool AS9548, 3.50%, 05/01/2047 | 1030941 | 969316 |
| &nbsp;&nbsp;&nbsp;Pool BD2416, 3.50%, 05/01/2047 | 725586 | 682214 |
| &nbsp;&nbsp;&nbsp;Pool AS9814, 3.50%, 06/01/2047 | 776708 | 730280 |
| &nbsp;&nbsp;&nbsp;Pool BE3687, 3.50%, 06/01/2047 | 463856 | 437910 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **16** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BH5307, 3.50%, 06/01/2047 | $188885 | $178589 |
| &nbsp;&nbsp;&nbsp;Pool AS9943, 3.50%, 07/01/2047 | 1266717 | 1190999 |
| &nbsp;&nbsp;&nbsp;Pool BH5329, 3.50%, 07/01/2047 | 155227 | 146257 |
| &nbsp;&nbsp;&nbsp;Pool BH2607, 3.50%, 08/01/2047 | 149230 | 140883 |
| &nbsp;&nbsp;&nbsp;Pool CA0116, 3.50%, 08/01/2047 | 558533 | 527291 |
| &nbsp;&nbsp;&nbsp;Pool BH2671, 3.50%, 09/01/2047 | 771779 | 725646 |
| &nbsp;&nbsp;&nbsp;Pool BH5391, 3.50%, 09/01/2047 | 202743 | 191326 |
| &nbsp;&nbsp;&nbsp;Pool CA0408, 3.50%, 09/01/2047 | 122192 | 115357 |
| &nbsp;&nbsp;&nbsp;Pool BH4063, 3.50%, 10/01/2047 | 374329 | 353391 |
| &nbsp;&nbsp;&nbsp;Pool BH9370, 3.50%, 10/01/2047 | 68678 | 65065 |
| &nbsp;&nbsp;&nbsp;Pool CA0566, 3.50%, 10/01/2047 | 542830 | 510382 |
| &nbsp;&nbsp;&nbsp;Pool BH5746, 3.50%, 11/01/2047 | 851569 | 800666 |
| &nbsp;&nbsp;&nbsp;Pool CA0744, 3.50%, 11/01/2047 | 215873 | 204106 |
| &nbsp;&nbsp;&nbsp;Pool BH7046, 3.50%, 12/01/2047 | 1980498 | 1862113 |
| &nbsp;&nbsp;&nbsp;Pool BJ1663, 3.50%, 12/01/2047 | 637987 | 602521 |
| &nbsp;&nbsp;&nbsp;Pool CA0918, 3.50%, 12/01/2047 | 623457 | 586876 |
| &nbsp;&nbsp;&nbsp;Pool BH7097, 3.50%, 01/01/2048 | 1451013 | 1364278 |
| &nbsp;&nbsp;&nbsp;Pool BJ4551, 3.50%, 01/01/2048 | 651687 | 612732 |
| &nbsp;&nbsp;&nbsp;Pool BJ4562, 3.50%, 01/01/2048 | 336542 | 317211 |
| &nbsp;&nbsp;&nbsp;Pool CA1074, 3.50%, 01/01/2048 | 1346667 | 1269317 |
| &nbsp;&nbsp;&nbsp;Pool BH9270, 3.50%, 02/01/2048 | 1063354 | 999791 |
| &nbsp;&nbsp;&nbsp;Pool BJ4611, 3.50%, 02/01/2048 | 831898 | 781563 |
| &nbsp;&nbsp;&nbsp;Pool BJ4612, 3.50%, 02/01/2048 | 276418 | 260852 |
| &nbsp;&nbsp;&nbsp;Pool CA1243, 3.50%, 02/01/2048 | 2164697 | 2035302 |
| &nbsp;&nbsp;&nbsp;Pool BJ0616, 3.50%, 03/01/2048 | 1333999 | 1253283 |
| &nbsp;&nbsp;&nbsp;Pool BJ0652, 3.50%, 03/01/2048 | 652427 | 612951 |
| &nbsp;&nbsp;&nbsp;Pool BK1959, 3.50%, 03/01/2048 | 590598 | 554863 |
| &nbsp;&nbsp;&nbsp;Pool BK1960, 3.50%, 03/01/2048 | 264896 | 249945 |
| &nbsp;&nbsp;&nbsp;Pool CA1415, 3.50%, 03/01/2048 | 1359850 | 1277570 |
| &nbsp;&nbsp;&nbsp;Pool BN5245, 3.50%, 02/01/2049 | 262954 | 247152 |
| &nbsp;&nbsp;&nbsp;Pool BN5344, 3.50%, 03/01/2049 | 301025 | 282935 |
| &nbsp;&nbsp;&nbsp;Pool BN6235, 3.50%, 04/01/2049 | 53918 | 50654 |
| &nbsp;&nbsp;&nbsp;Pool BN6245, 3.50%, 04/01/2049 | 23571 | 22144 |
| &nbsp;&nbsp;&nbsp;Pool BN6283, 3.50%, 04/01/2049 | 327039 | 305771 |
| &nbsp;&nbsp;&nbsp;Pool BN6567, 3.50%, 04/01/2049 | 562457 | 525881 |
| &nbsp;&nbsp;&nbsp;Pool CA3399, 3.50%, 04/01/2049 | 819379 | 768788 |
| &nbsp;&nbsp;&nbsp;Pool BN6299, 3.50%, 05/01/2049 | 608357 | 568795 |
| &nbsp;&nbsp;&nbsp;Pool BN6619, 3.50%, 05/01/2049 | 553932 | 517910 |
| &nbsp;&nbsp;&nbsp;Pool BN8886, 3.50%, 05/01/2049 | 1019745 | 953430 |
| &nbsp;&nbsp;&nbsp;Pool CA3556, 3.50%, 05/01/2049 | 566554 | 532151 |
| &nbsp;&nbsp;&nbsp;Pool BN6735, 3.50%, 06/01/2049 | 678738 | 634599 |
| &nbsp;&nbsp;&nbsp;Pool BN8911, 3.50%, 06/01/2049 | 379184 | 356159 |
| &nbsp;&nbsp;&nbsp;Pool BN8922, 3.50%, 06/01/2049 | 447577 | 419943 |
| &nbsp;&nbsp;&nbsp;Pool BN8930, 3.50%, 06/01/2049 | 708816 | 664776 |
| &nbsp;&nbsp;&nbsp;Pool CA3738, 3.50%, 06/01/2049 | 623602 | 583049 |
| &nbsp;&nbsp;&nbsp;Pool BO1273, 3.50%, 07/01/2049 | 609673 | 571793 |
| &nbsp;&nbsp;&nbsp;Pool BO1284, 3.50%, 07/01/2049 | 723927 | 680131 |
| &nbsp;&nbsp;&nbsp;Pool BO1315, 3.50%, 07/01/2049 | 190800 | 179767 |
| &nbsp;&nbsp;&nbsp;Pool BO1795, 3.50%, 07/01/2049 | 378946 | 355432 |
| &nbsp;&nbsp;&nbsp;Pool CA3874, 3.50%, 07/01/2049 | 186372 | 174865 |
| &nbsp;&nbsp;&nbsp;Pool BO1319, 3.50%, 08/01/2049 | 1126569 | 1053307 |
| &nbsp;&nbsp;&nbsp;Pool BO1358, 3.50%, 08/01/2049 | 857060 | 801325 |
| &nbsp;&nbsp;&nbsp;Pool BO2963, 3.50%, 09/01/2049 | 599540 | 562883 |
| &nbsp;&nbsp;&nbsp;Pool BO5478, 3.50%, 11/01/2049 | 830062 | 779310 |
| &nbsp;&nbsp;&nbsp;Pool BO5488, 3.50%, 11/01/2049 | 553856 | 517839 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **17** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BO5372, 3.50%, 12/01/2049 | $264866 | $247642 |
| &nbsp;&nbsp;&nbsp;Pool BO8937, 3.50%, 01/01/2050 | 75951 | 71462 |
| &nbsp;&nbsp;&nbsp;Pool BO9006, 3.50%, 02/01/2050 | 113271 | 106871 |
| &nbsp;&nbsp;&nbsp;Pool BP1310, 3.50%, 02/01/2050 | 290093 | 274128 |
| &nbsp;&nbsp;&nbsp;Pool BP1468, 3.50%, 03/01/2050 | 267365 | 252882 |
| &nbsp;&nbsp;&nbsp;Pool BV5367, 3.50%, 04/01/2052 | 564089 | 525961 |
| &nbsp;&nbsp;&nbsp;Pool BV5368, 3.50%, 04/01/2052 | 897203 | 839774 |
| &nbsp;&nbsp;&nbsp;Pool BV8521, 3.50%, 05/01/2052 | 2050349 | 1901510 |
| &nbsp;&nbsp;&nbsp;Pool BV8522, 3.50%, 05/01/2052 | 1648421 | 1543082 |
| &nbsp;&nbsp;&nbsp;Pool BV9871, 3.50%, 05/01/2052 | 547903 | 511301 |
| &nbsp;&nbsp;&nbsp;Pool CB3688, 3.50%, 05/01/2052 | 3534394 | 3277552 |
| &nbsp;&nbsp;&nbsp;Pool BT8242, 3.50%, 06/01/2052 | 351138 | 325621 |
| &nbsp;&nbsp;&nbsp;Pool BW1784, 3.50%, 06/01/2052 | 1216783 | 1134442 |
| &nbsp;&nbsp;&nbsp;Pool BW6010, 3.50%, 06/01/2052 | 1626606 | 1508402 |
| &nbsp;&nbsp;&nbsp;Pool CB3798, 3.50%, 06/01/2052 | 1168013 | 1083135 |
| &nbsp;&nbsp;&nbsp;Pool CB3986, 3.50%, 06/01/2052 | 2131122 | 1976255 |
| &nbsp;&nbsp;&nbsp;Pool AH0540, 4.00%, 12/01/2040 | 21807 | 21470 |
| &nbsp;&nbsp;&nbsp;Pool AH2979, 4.00%, 01/01/2041 | 20796 | 20475 |
| &nbsp;&nbsp;&nbsp;Pool AH5643, 4.00%, 01/01/2041 | 37014 | 36443 |
| &nbsp;&nbsp;&nbsp;Pool AH5671, 4.00%, 02/01/2041 | 38068 | 37494 |
| &nbsp;&nbsp;&nbsp;Pool AH8877, 4.00%, 04/01/2041 | 51095 | 50329 |
| &nbsp;&nbsp;&nbsp;Pool AI9871, 4.00%, 09/01/2041 | 22712 | 22369 |
| &nbsp;&nbsp;&nbsp;Pool AJ4024, 4.00%, 10/01/2041 | 56960 | 56102 |
| &nbsp;&nbsp;&nbsp;Pool AU9998, 4.00%, 09/01/2043 | 44815 | 44015 |
| &nbsp;&nbsp;&nbsp;Pool AS0716, 4.00%, 10/01/2043 | 154183 | 151544 |
| &nbsp;&nbsp;&nbsp;Pool AU6721, 4.00%, 10/01/2043 | 55320 | 54312 |
| &nbsp;&nbsp;&nbsp;Pool AV0191, 4.00%, 10/01/2043 | 33179 | 32586 |
| &nbsp;&nbsp;&nbsp;Pool AV0214, 4.00%, 10/01/2043 | 30405 | 29908 |
| &nbsp;&nbsp;&nbsp;Pool AS0929, 4.00%, 11/01/2043 | 133042 | 130618 |
| &nbsp;&nbsp;&nbsp;Pool AU6999, 4.00%, 11/01/2043 | 322613 | 316505 |
| &nbsp;&nbsp;&nbsp;Pool AU7007, 4.00%, 11/01/2043 | 62703 | 61560 |
| &nbsp;&nbsp;&nbsp;Pool AS1368, 4.00%, 12/01/2043 | 33611 | 33023 |
| &nbsp;&nbsp;&nbsp;Pool AV0670, 4.00%, 12/01/2043 | 74052 | 72702 |
| &nbsp;&nbsp;&nbsp;Pool AS1427, 4.00%, 01/01/2044 | 87072 | 85550 |
| &nbsp;&nbsp;&nbsp;Pool AV6342, 4.00%, 01/01/2044 | 64240 | 63140 |
| &nbsp;&nbsp;&nbsp;Pool AS1671, 4.00%, 02/01/2044 | 30242 | 29643 |
| &nbsp;&nbsp;&nbsp;Pool AV5020, 4.00%, 02/01/2044 | 119126 | 116955 |
| &nbsp;&nbsp;&nbsp;Pool AS1877, 4.00%, 03/01/2044 | 15098 | 14807 |
| &nbsp;&nbsp;&nbsp;Pool AV7087, 4.00%, 03/01/2044 | 112286 | 109448 |
| &nbsp;&nbsp;&nbsp;Pool AW0985, 4.00%, 05/01/2044 | 43523 | 42640 |
| &nbsp;&nbsp;&nbsp;Pool AW3597, 4.00%, 06/01/2044 | 82832 | 81150 |
| &nbsp;&nbsp;&nbsp;Pool AW5358, 4.00%, 06/01/2044 | 45640 | 44759 |
| &nbsp;&nbsp;&nbsp;Pool AS2826, 4.00%, 07/01/2044 | 62406 | 60828 |
| &nbsp;&nbsp;&nbsp;Pool AW8968, 4.00%, 07/01/2044 | 14897 | 14618 |
| &nbsp;&nbsp;&nbsp;Pool AS3009, 4.00%, 08/01/2044 | 92434 | 90098 |
| &nbsp;&nbsp;&nbsp;Pool AS3493, 4.00%, 10/01/2044 | 179931 | 176191 |
| &nbsp;&nbsp;&nbsp;Pool AX0902, 4.00%, 10/01/2044 | 23187 | 22716 |
| &nbsp;&nbsp;&nbsp;Pool AX3165, 4.00%, 10/01/2044 | 9711 | 9519 |
| &nbsp;&nbsp;&nbsp;Pool AX4856, 4.00%, 12/01/2044 | 44460 | 43602 |
| &nbsp;&nbsp;&nbsp;Pool AX7550, 4.00%, 12/01/2044 | 43620 | 42801 |
| &nbsp;&nbsp;&nbsp;Pool AY5025, 4.00%, 03/01/2045 | 133390 | 130274 |
| &nbsp;&nbsp;&nbsp;Pool AY8277, 4.00%, 05/01/2045 | 36932 | 35986 |
| &nbsp;&nbsp;&nbsp;Pool AZ5697, 4.00%, 08/01/2045 | 22035 | 21575 |
| &nbsp;&nbsp;&nbsp;Pool AZ9195, 4.00%, 09/01/2045 | 25801 | 25168 |
| &nbsp;&nbsp;&nbsp;Pool BE7194, 4.00%, 03/01/2047 | 484835 | 469370 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **18** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BE7216, 4.00%, 04/01/2047 | $422706 | $411955 |
| &nbsp;&nbsp;&nbsp;Pool BH1143, 4.00%, 04/01/2047 | 170511 | 165552 |
| &nbsp;&nbsp;&nbsp;Pool BD2419, 4.00%, 05/01/2047 | 969494 | 938571 |
| &nbsp;&nbsp;&nbsp;Pool BH1167, 4.00%, 05/01/2047 | 94148 | 91870 |
| &nbsp;&nbsp;&nbsp;Pool BE3689, 4.00%, 06/01/2047 | 1823157 | 1765005 |
| &nbsp;&nbsp;&nbsp;Pool BH5309, 4.00%, 06/01/2047 | 861500 | 837469 |
| &nbsp;&nbsp;&nbsp;Pool BE3762, 4.00%, 07/01/2047 | 612261 | 594456 |
| &nbsp;&nbsp;&nbsp;Pool BH5334, 4.00%, 07/01/2047 | 5261 | 5140 |
| &nbsp;&nbsp;&nbsp;Pool BH5335, 4.00%, 07/01/2047 | 137000 | 133686 |
| &nbsp;&nbsp;&nbsp;Pool BH5361, 4.00%, 08/01/2047 | 396108 | 385059 |
| &nbsp;&nbsp;&nbsp;Pool BH5395, 4.00%, 09/01/2047 | 414053 | 403521 |
| &nbsp;&nbsp;&nbsp;Pool BH4060, 4.00%, 10/01/2047 | 658181 | 637187 |
| &nbsp;&nbsp;&nbsp;Pool BH9379, 4.00%, 10/01/2047 | 108205 | 105720 |
| &nbsp;&nbsp;&nbsp;Pool BH5748, 4.00%, 11/01/2047 | 764914 | 740516 |
| &nbsp;&nbsp;&nbsp;Pool BJ4571, 4.00%, 01/01/2048 | 116418 | 113457 |
| &nbsp;&nbsp;&nbsp;Pool BK1957, 4.00%, 03/01/2048 | 104163 | 101578 |
| &nbsp;&nbsp;&nbsp;Pool BK1968, 4.00%, 03/01/2048 | 252230 | 243722 |
| &nbsp;&nbsp;&nbsp;Pool BK1969, 4.00%, 03/01/2048 | 416432 | 403557 |
| &nbsp;&nbsp;&nbsp;Pool BK2557, 4.00%, 03/01/2048 | 668352 | 647689 |
| &nbsp;&nbsp;&nbsp;Pool BJ2676, 4.00%, 04/01/2048 | 158307 | 153798 |
| &nbsp;&nbsp;&nbsp;Pool BK2008, 4.00%, 04/01/2048 | 437957 | 426021 |
| &nbsp;&nbsp;&nbsp;Pool BJ2752, 4.00%, 05/01/2048 | 824838 | 799336 |
| &nbsp;&nbsp;&nbsp;Pool BJ9235, 4.00%, 06/01/2048 | 1171140 | 1134931 |
| &nbsp;&nbsp;&nbsp;Pool BK5289, 4.00%, 06/01/2048 | 459876 | 447343 |
| &nbsp;&nbsp;&nbsp;Pool CA1934, 4.00%, 06/01/2048 | 1200093 | 1159610 |
| &nbsp;&nbsp;&nbsp;Pool BK0898, 4.00%, 07/01/2048 | 175375 | 169953 |
| &nbsp;&nbsp;&nbsp;Pool BK8813, 4.00%, 07/01/2048 | 592801 | 575917 |
| &nbsp;&nbsp;&nbsp;Pool CA2094, 4.00%, 07/01/2048 | 1242814 | 1200889 |
| &nbsp;&nbsp;&nbsp;Pool BK4747, 4.00%, 08/01/2048 | 325702 | 316425 |
| &nbsp;&nbsp;&nbsp;Pool BK8829, 4.00%, 08/01/2048 | 232378 | 226045 |
| &nbsp;&nbsp;&nbsp;Pool BH0713, 4.00%, 09/01/2048 | 52872 | 51495 |
| &nbsp;&nbsp;&nbsp;Pool BK4815, 4.00%, 09/01/2048 | 593342 | 573326 |
| &nbsp;&nbsp;&nbsp;Pool BK8895, 4.00%, 09/01/2048 | 428730 | 418090 |
| &nbsp;&nbsp;&nbsp;Pool CA2315, 4.00%, 09/01/2048 | 328938 | 318768 |
| &nbsp;&nbsp;&nbsp;Pool BK7669, 4.00%, 10/01/2048 | 659118 | 640344 |
| &nbsp;&nbsp;&nbsp;Pool CA2532, 4.00%, 10/01/2048 | 984397 | 951190 |
| &nbsp;&nbsp;&nbsp;Pool BK7934, 4.00%, 11/01/2048 | 903949 | 873456 |
| &nbsp;&nbsp;&nbsp;Pool BH0723, 4.00%, 12/01/2048 | 147718 | 143692 |
| &nbsp;&nbsp;&nbsp;Pool BN0321, 4.00%, 12/01/2048 | 503973 | 486972 |
| &nbsp;&nbsp;&nbsp;Pool BN3958, 4.00%, 12/01/2048 | 277058 | 269166 |
| &nbsp;&nbsp;&nbsp;Pool CA2994, 4.00%, 01/01/2049 | 111195 | 108028 |
| &nbsp;&nbsp;&nbsp;Pool BN4338, 4.00%, 02/01/2049 | 144454 | 140693 |
| &nbsp;&nbsp;&nbsp;Pool BN4347, 4.00%, 02/01/2049 | 201650 | 196155 |
| &nbsp;&nbsp;&nbsp;Pool BN5288, 4.00%, 02/01/2049 | 908014 | 877384 |
| &nbsp;&nbsp;&nbsp;Pool CA3143, 4.00%, 02/01/2049 | 298815 | 288971 |
| &nbsp;&nbsp;&nbsp;Pool BN4373, 4.00%, 03/01/2049 | 623795 | 601755 |
| &nbsp;&nbsp;&nbsp;Pool BN4386, 4.00%, 03/01/2049 | 204396 | 197174 |
| &nbsp;&nbsp;&nbsp;Pool BN5350, 4.00%, 03/01/2049 | 277917 | 268761 |
| &nbsp;&nbsp;&nbsp;Pool BN6227, 4.00%, 03/01/2049 | 149954 | 146262 |
| &nbsp;&nbsp;&nbsp;Pool CA3270, 4.00%, 03/01/2049 | 196044 | 189585 |
| &nbsp;&nbsp;&nbsp;Pool BN6236, 4.00%, 04/01/2049 | 15694 | 15321 |
| &nbsp;&nbsp;&nbsp;Pool BN6247, 4.00%, 04/01/2049 | 59457 | 57737 |
| &nbsp;&nbsp;&nbsp;Pool BN6285, 4.00%, 04/01/2049 | 284633 | 274577 |
| &nbsp;&nbsp;&nbsp;Pool BN6563, 4.00%, 04/01/2049 | 84693 | 81701 |
| &nbsp;&nbsp;&nbsp;Pool BN6301, 4.00%, 05/01/2049 | 605913 | 587110 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **19** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BN8894, 4.00%, 05/01/2049 | $495749 | $479417 |
| &nbsp;&nbsp;&nbsp;Pool BN8913, 4.00%, 06/01/2049 | 229087 | 223117 |
| &nbsp;&nbsp;&nbsp;Pool BN8923, 4.00%, 06/01/2049 | 337927 | 327441 |
| &nbsp;&nbsp;&nbsp;Pool BN8931, 4.00%, 06/01/2049 | 403628 | 391960 |
| &nbsp;&nbsp;&nbsp;Pool BO1274, 4.00%, 07/01/2049 | 169212 | 164802 |
| &nbsp;&nbsp;&nbsp;Pool BO1285, 4.00%, 07/01/2049 | 320307 | 310667 |
| &nbsp;&nbsp;&nbsp;Pool BO1316, 4.00%, 07/01/2049 | 37529 | 36673 |
| &nbsp;&nbsp;&nbsp;Pool BO1326, 4.00%, 08/01/2049 | 585120 | 565844 |
| &nbsp;&nbsp;&nbsp;Pool BO2971, 4.00%, 09/01/2049 | 141339 | 137860 |
| &nbsp;&nbsp;&nbsp;Pool BO5432, 4.00%, 10/01/2049 | 364988 | 353661 |
| &nbsp;&nbsp;&nbsp;Pool BO5373, 4.00%, 12/01/2049 | 108165 | 105503 |
| &nbsp;&nbsp;&nbsp;Pool BO8938, 4.00%, 01/01/2050 | 385315 | 374302 |
| &nbsp;&nbsp;&nbsp;Pool BO9007, 4.00%, 02/01/2050 | 199549 | 193845 |
| &nbsp;&nbsp;&nbsp;Pool BV8523, 4.00%, 05/01/2052 | 1444553 | 1387990 |
| &nbsp;&nbsp;&nbsp;Pool BV8524, 4.00%, 05/01/2052 | 1309353 | 1263806 |
| &nbsp;&nbsp;&nbsp;Pool BV9872, 4.00%, 05/01/2052 | 1029711 | 985981 |
| &nbsp;&nbsp;&nbsp;Pool BV9873, 4.00%, 05/01/2052 | 1528014 | 1474862 |
| &nbsp;&nbsp;&nbsp;Pool BW1787, 4.00%, 05/01/2052 | 94818 | 91090 |
| &nbsp;&nbsp;&nbsp;Pool BT8307, 4.00%, 06/01/2052 | 1030859 | 986920 |
| &nbsp;&nbsp;&nbsp;Pool CB3987, 4.00%, 06/01/2052 | 7455793 | 7138001 |
| &nbsp;&nbsp;&nbsp;Pool BW6011, 4.00%, 07/01/2052 | 751987 | 722357 |
| &nbsp;&nbsp;&nbsp;Pool CB4207, 4.00%, 07/01/2052 | 3995992 | 3825669 |
| &nbsp;&nbsp;&nbsp;Pool BX0008, 4.00%, 09/01/2052 | 195752 | 187348 |
| &nbsp;&nbsp;&nbsp;Pool CB6590, 4.00%, 06/01/2053 | 7318272 | 6982314 |
| &nbsp;&nbsp;&nbsp;Pool CB6626, 4.00%, 07/01/2053 | 6889219 | 6572957 |
| &nbsp;&nbsp;&nbsp;Pool CB6958, 4.00%, 08/01/2053 | 6792355 | 6480540 |
| &nbsp;&nbsp;&nbsp;Pool CB7018, 4.00%, 09/01/2053 | 7129556 | 6802261 |
| &nbsp;&nbsp;&nbsp;Pool MA5583, 4.00%, 01/01/2055 | 11472153 | 10928724 |
| &nbsp;&nbsp;&nbsp;Pool AC4095, 4.50%, 09/01/2039 | 3991 | 4026 |
| &nbsp;&nbsp;&nbsp;Pool AH6769, 4.50%, 03/01/2041 | 58066 | 58472 |
| &nbsp;&nbsp;&nbsp;Pool AI3491, 4.50%, 06/01/2041 | 90893 | 91492 |
| &nbsp;&nbsp;&nbsp;Pool AI5362, 4.50%, 06/01/2041 | 78216 | 78762 |
| &nbsp;&nbsp;&nbsp;Pool AI6155, 4.50%, 07/01/2041 | 97845 | 98546 |
| &nbsp;&nbsp;&nbsp;Pool AI8167, 4.50%, 08/01/2041 | 38224 | 38491 |
| &nbsp;&nbsp;&nbsp;Pool BH1145, 4.50%, 04/01/2047 | 96074 | 96024 |
| &nbsp;&nbsp;&nbsp;Pool BK2031, 4.50%, 04/01/2048 | 203514 | 202512 |
| &nbsp;&nbsp;&nbsp;Pool BK5278, 4.50%, 05/01/2048 | 565470 | 562687 |
| &nbsp;&nbsp;&nbsp;Pool BK5299, 4.50%, 06/01/2048 | 118466 | 118345 |
| &nbsp;&nbsp;&nbsp;Pool BK8815, 4.50%, 07/01/2048 | 75297 | 75147 |
| &nbsp;&nbsp;&nbsp;Pool BK8869, 4.50%, 09/01/2048 | 685238 | 682535 |
| &nbsp;&nbsp;&nbsp;Pool BK8905, 4.50%, 09/01/2048 | 311136 | 309908 |
| &nbsp;&nbsp;&nbsp;Pool BN0889, 4.50%, 11/01/2048 | 344183 | 342489 |
| &nbsp;&nbsp;&nbsp;Pool BN0323, 4.50%, 12/01/2048 | 252198 | 250905 |
| &nbsp;&nbsp;&nbsp;Pool BN4308, 4.50%, 12/01/2048 | 172539 | 172195 |
| &nbsp;&nbsp;&nbsp;Pool CA2842, 4.50%, 12/01/2048 | 373062 | 371151 |
| &nbsp;&nbsp;&nbsp;Pool BN5289, 4.50%, 01/01/2049 | 112825 | 112247 |
| &nbsp;&nbsp;&nbsp;Pool BN4339, 4.50%, 02/01/2049 | 184966 | 184597 |
| &nbsp;&nbsp;&nbsp;Pool BN4384, 4.50%, 03/01/2049 | 48852 | 48802 |
| &nbsp;&nbsp;&nbsp;Pool BN6238, 4.50%, 04/01/2049 | 97165 | 96782 |
| &nbsp;&nbsp;&nbsp;Pool BN6277, 4.50%, 04/01/2049 | 27755 | 27727 |
| &nbsp;&nbsp;&nbsp;Pool BN6302, 4.50%, 05/01/2049 | 7123 | 7116 |
| &nbsp;&nbsp;&nbsp;Pool BN8924, 4.50%, 06/01/2049 | 216272 | 214997 |
| &nbsp;&nbsp;&nbsp;Pool BN8932, 4.50%, 06/01/2049 | 103774 | 103263 |
| &nbsp;&nbsp;&nbsp;Pool BO1320, 4.50%, 08/01/2049 | 170904 | 170563 |
| &nbsp;&nbsp;&nbsp;Pool BW6012, 4.50%, 07/01/2052 | 463816 | 458137 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **20** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool BW5904, 4.50%, 08/01/2052 | $329556 | $323982 |
| &nbsp;&nbsp;&nbsp;Pool CB4293, 4.50%, 08/01/2052 | 5662418 | 5570237 |
| &nbsp;&nbsp;&nbsp;Pool BX0009, 4.50%, 09/01/2052 | 472561 | 464795 |
| &nbsp;&nbsp;&nbsp;Pool CB4717, 4.50%, 09/01/2052 | 7190784 | 7071496 |
| &nbsp;&nbsp;&nbsp;Pool CB4824, 4.50%, 10/01/2052 | 6667954 | 6557340 |
| &nbsp;&nbsp;&nbsp;Pool BX0443, 4.50%, 11/01/2052 | 1543018 | 1516300 |
| &nbsp;&nbsp;&nbsp;Pool BX4663, 4.50%, 11/01/2052 | 728755 | 716553 |
| &nbsp;&nbsp;&nbsp;Pool BX4161, 4.50%, 12/01/2052 | 533827 | 524441 |
| &nbsp;&nbsp;&nbsp;Pool CB5950, 4.50%, 03/01/2053 | 4238082 | 4164074 |
| &nbsp;&nbsp;&nbsp;Pool BX9384, 4.50%, 04/01/2053 | 260212 | 256152 |
| &nbsp;&nbsp;&nbsp;Pool CB6135, 4.50%, 04/01/2053 | 14619096 | 14363806 |
| &nbsp;&nbsp;&nbsp;Pool BY0168, 4.50%, 05/01/2053 | 627218 | 615475 |
| &nbsp;&nbsp;&nbsp;Pool CB6364, 4.50%, 05/01/2053 | 7781503 | 7645215 |
| &nbsp;&nbsp;&nbsp;Pool BY1804, 4.50%, 06/01/2053 | 564006 | 554894 |
| &nbsp;&nbsp;&nbsp;Pool CB6591, 4.50%, 06/01/2053 | 9178493 | 9016789 |
| &nbsp;&nbsp;&nbsp;Pool CB6627, 4.50%, 07/01/2053 | 8299280 | 8153066 |
| &nbsp;&nbsp;&nbsp;Pool CB7019, 4.50%, 09/01/2053 | 2643158 | 2596319 |
| &nbsp;&nbsp;&nbsp;Pool DC3503, 4.50%, 10/01/2054 | 306254 | 300439 |
| &nbsp;&nbsp;&nbsp;Pool CB9710, 4.50%, 12/01/2054 | 2794795 | 2742391 |
| &nbsp;&nbsp;&nbsp;Pool DC6985, 4.50%, 12/01/2054 | 1032050 | 1012516 |
| &nbsp;&nbsp;&nbsp;Pool CC1377, 4.50%, 11/01/2055 | 5206909 | 5148656 |
| &nbsp;&nbsp;&nbsp;Pool DF3673, 4.50%, 11/01/2055 | 192899 | 189177 |
| &nbsp;&nbsp;&nbsp;Pool 890230, 5.00%, 07/01/2040 | 1993614 | 2047773 |
| &nbsp;&nbsp;&nbsp;Pool AD8500, 5.00%, 08/01/2040 | 71266 | 73654 |
| &nbsp;&nbsp;&nbsp;Pool AH6772, 5.00%, 03/01/2041 | 44785 | 46288 |
| &nbsp;&nbsp;&nbsp;Pool AH8879, 5.00%, 04/01/2041 | 83330 | 85990 |
| &nbsp;&nbsp;&nbsp;Pool AI6154, 5.00%, 07/01/2041 | 96595 | 99497 |
| &nbsp;&nbsp;&nbsp;Pool BK5300, 5.00%, 05/01/2048 | 353984 | 360326 |
| &nbsp;&nbsp;&nbsp;Pool BK8817, 5.00%, 07/01/2048 | 83968 | 85942 |
| &nbsp;&nbsp;&nbsp;Pool BK8870, 5.00%, 09/01/2048 | 277408 | 281077 |
| &nbsp;&nbsp;&nbsp;Pool BN6239, 5.00%, 04/01/2049 | 33153 | 33500 |
| &nbsp;&nbsp;&nbsp;Pool BX0444, 5.00%, 11/01/2052 | 2477924 | 2477923 |
| &nbsp;&nbsp;&nbsp;Pool CB5052, 5.00%, 11/01/2052 | 21374352 | 21462635 |
| &nbsp;&nbsp;&nbsp;Pool BX4162, 5.00%, 12/01/2052 | 474613 | 475426 |
| &nbsp;&nbsp;&nbsp;Pool BX4662, 5.00%, 12/01/2052 | 678950 | 686683 |
| &nbsp;&nbsp;&nbsp;Pool BX4182, 5.00%, 01/01/2053 | 553899 | 554301 |
| &nbsp;&nbsp;&nbsp;Pool BX6155, 5.00%, 02/01/2053 | 130119 | 130089 |
| &nbsp;&nbsp;&nbsp;Pool BX9388, 5.00%, 03/01/2053 | 3195943 | 3195505 |
| &nbsp;&nbsp;&nbsp;Pool CB5794, 5.00%, 03/01/2053 | 13224067 | 13265564 |
| &nbsp;&nbsp;&nbsp;Pool CB5951, 5.00%, 03/01/2053 | 6217492 | 6235561 |
| &nbsp;&nbsp;&nbsp;Pool BX9387, 5.00%, 04/01/2053 | 1131103 | 1129754 |
| &nbsp;&nbsp;&nbsp;Pool BY0169, 5.00%, 05/01/2053 | 613681 | 613460 |
| &nbsp;&nbsp;&nbsp;Pool BY1805, 5.00%, 06/01/2053 | 2503950 | 2502991 |
| &nbsp;&nbsp;&nbsp;Pool BY8468, 5.00%, 08/01/2053 | 826534 | 826133 |
| &nbsp;&nbsp;&nbsp;Pool BY9981, 5.00%, 09/01/2053 | 250838 | 251578 |
| &nbsp;&nbsp;&nbsp;Pool CB7230, 5.00%, 10/01/2053 | 9625404 | 9639995 |
| &nbsp;&nbsp;&nbsp;Pool CB7459, 5.00%, 11/01/2053 | 6648989 | 6657528 |
| &nbsp;&nbsp;&nbsp;Pool CB7613, 5.00%, 12/01/2053 | 2148087 | 2150348 |
| &nbsp;&nbsp;&nbsp;Pool DB0787, 5.00%, 04/01/2054 | 137936 | 137943 |
| &nbsp;&nbsp;&nbsp;Pool DB2784, 5.00%, 05/01/2054 | 283045 | 283061 |
| &nbsp;&nbsp;&nbsp;Pool DC1301, 5.00%, 09/01/2054 | 229488 | 229339 |
| &nbsp;&nbsp;&nbsp;Pool DC3520, 5.00%, 10/01/2054 | 1904640 | 1906377 |
| &nbsp;&nbsp;&nbsp;Pool DC7885, 5.00%, 10/01/2054 | 674896 | 673825 |
| &nbsp;&nbsp;&nbsp;Pool DC9457, 5.00%, 11/01/2054 | 473787 | 474635 |
| &nbsp;&nbsp;&nbsp;Pool DC7000, 5.00%, 12/01/2054 | 1251223 | 1252043 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **21** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool DD1887, 5.00%, 12/01/2054 | $482086 | $482764 |
| &nbsp;&nbsp;&nbsp;Pool MA5552, 5.00%, 12/01/2054 | 1440864 | 1438577 |
| &nbsp;&nbsp;&nbsp;Pool DC9745, 5.00%, 01/01/2055 | 776627 | 777511 |
| &nbsp;&nbsp;&nbsp;Pool CB9911, 5.00%, 02/01/2055 | 4432554 | 4444940 |
| &nbsp;&nbsp;&nbsp;Pool DD4264, 5.00%, 02/01/2055 | 155882 | 156128 |
| &nbsp;&nbsp;&nbsp;Pool BV1707, 5.00%, 05/01/2055 | 228661 | 228765 |
| &nbsp;&nbsp;&nbsp;Pool DD8474, 5.00%, 05/01/2055 | 479890 | 481243 |
| &nbsp;&nbsp;&nbsp;Pool CC0638, 5.00%, 07/01/2055 | 4999892 | 5014035 |
| &nbsp;&nbsp;&nbsp;Pool DE5982, 5.00%, 07/01/2055 | 832153 | 831318 |
| &nbsp;&nbsp;&nbsp;Pool CC0950, 5.00%, 09/01/2055 | 3211171 | 3220254 |
| &nbsp;&nbsp;&nbsp;Pool DE9416, 5.00%, 09/01/2055 | 549655 | 549187 |
| &nbsp;&nbsp;&nbsp;Pool CC1152, 5.00%, 10/01/2055 | 2513946 | 2515095 |
| &nbsp;&nbsp;&nbsp;Pool CC1379, 5.00%, 11/01/2055 | 5747973 | 5794908 |
| &nbsp;&nbsp;&nbsp;Pool DF3692, 5.00%, 11/01/2055 | 4216788 | 4210438 |
| &nbsp;&nbsp;&nbsp;Pool BZ0017, 5.50%, 12/01/2033 | 5235000 | 5575980 |
| &nbsp;&nbsp;&nbsp;Pool 890246, 5.50%, 11/01/2038 | 872631 | 911266 |
| &nbsp;&nbsp;&nbsp;Pool BX0445, 5.50%, 11/01/2052 | 2456488 | 2494547 |
| &nbsp;&nbsp;&nbsp;Pool BX4163, 5.50%, 12/01/2052 | 842373 | 860436 |
| &nbsp;&nbsp;&nbsp;Pool CB5228, 5.50%, 12/01/2052 | 14431950 | 14690062 |
| &nbsp;&nbsp;&nbsp;Pool CB5391, 5.50%, 12/01/2052 | 5632884 | 5732280 |
| &nbsp;&nbsp;&nbsp;Pool BX4176, 5.50%, 01/01/2053 | 537641 | 546819 |
| &nbsp;&nbsp;&nbsp;Pool BX6156, 5.50%, 02/01/2053 | 410146 | 418844 |
| &nbsp;&nbsp;&nbsp;Pool CB5607, 5.50%, 02/01/2053 | 2333737 | 2375726 |
| &nbsp;&nbsp;&nbsp;Pool CB5762, 5.50%, 02/01/2053 | 2453311 | 2497452 |
| &nbsp;&nbsp;&nbsp;Pool BX9385, 5.50%, 04/01/2053 | 598038 | 608774 |
| &nbsp;&nbsp;&nbsp;Pool BY0170, 5.50%, 05/01/2053 | 806657 | 818892 |
| &nbsp;&nbsp;&nbsp;Pool BY1806, 5.50%, 06/01/2053 | 441652 | 448044 |
| &nbsp;&nbsp;&nbsp;Pool BY8469, 5.50%, 08/01/2053 | 1590873 | 1612522 |
| &nbsp;&nbsp;&nbsp;Pool BY9982, 5.50%, 09/01/2053 | 1312751 | 1338205 |
| &nbsp;&nbsp;&nbsp;Pool CB7233, 5.50%, 10/01/2053 | 11825924 | 12004629 |
| &nbsp;&nbsp;&nbsp;Pool DA1488, 5.50%, 10/01/2053 | 673084 | 682468 |
| &nbsp;&nbsp;&nbsp;Pool CB7456, 5.50%, 11/01/2053 | 7732145 | 7847805 |
| &nbsp;&nbsp;&nbsp;Pool DA4978, 5.50%, 11/01/2053 | 211548 | 214285 |
| &nbsp;&nbsp;&nbsp;Pool CB7592, 5.50%, 12/01/2053 | 10968635 | 11131029 |
| &nbsp;&nbsp;&nbsp;Pool DA8573, 5.50%, 02/01/2054 | 552702 | 560395 |
| &nbsp;&nbsp;&nbsp;Pool CB8233, 5.50%, 03/01/2054 | 12385114 | 12621396 |
| &nbsp;&nbsp;&nbsp;Pool DB0789, 5.50%, 04/01/2054 | 1294520 | 1314201 |
| &nbsp;&nbsp;&nbsp;Pool DB2785, 5.50%, 05/01/2054 | 1804739 | 1834312 |
| &nbsp;&nbsp;&nbsp;Pool DB5325, 5.50%, 05/01/2054 | 772456 | 789192 |
| &nbsp;&nbsp;&nbsp;Pool DB6583, 5.50%, 06/01/2054 | 1311984 | 1335284 |
| &nbsp;&nbsp;&nbsp;Pool DB7487, 5.50%, 06/01/2054 | 465356 | 473833 |
| &nbsp;&nbsp;&nbsp;Pool DB8695, 5.50%, 08/01/2054 | 1527705 | 1550769 |
| &nbsp;&nbsp;&nbsp;Pool DC2233, 5.50%, 08/01/2054 | 731131 | 744438 |
| &nbsp;&nbsp;&nbsp;Pool CB9119, 5.50%, 09/01/2054 | 12544897 | 12792559 |
| &nbsp;&nbsp;&nbsp;Pool DC4910, 5.50%, 10/01/2054 | 755576 | 767592 |
| &nbsp;&nbsp;&nbsp;Pool DC7884, 5.50%, 10/01/2054 | 988822 | 1001707 |
| &nbsp;&nbsp;&nbsp;Pool CB9581, 5.50%, 11/01/2054 | 973039 | 988194 |
| &nbsp;&nbsp;&nbsp;Pool DC7017, 5.50%, 12/01/2054 | 1353729 | 1375593 |
| &nbsp;&nbsp;&nbsp;Pool DC9764, 5.50%, 01/01/2055 | 1911030 | 1944433 |
| &nbsp;&nbsp;&nbsp;Pool DD1888, 5.50%, 01/01/2055 | 572047 | 582746 |
| &nbsp;&nbsp;&nbsp;Pool CB9912, 5.50%, 02/01/2055 | 13291870 | 13549220 |
| &nbsp;&nbsp;&nbsp;Pool CC0071, 5.50%, 02/01/2055 | 1474098 | 1500093 |
| &nbsp;&nbsp;&nbsp;Pool DD3897, 5.50%, 02/01/2055 | 1518467 | 1544264 |
| &nbsp;&nbsp;&nbsp;Pool DD4282, 5.50%, 03/01/2055 | 1399519 | 1421275 |
| &nbsp;&nbsp;&nbsp;Pool DD5892, 5.50%, 03/01/2055 | 826549 | 838871 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **22** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool CC0361, 5.50%, 04/01/2055 | $2433495 | $2464483 |
| &nbsp;&nbsp;&nbsp;Pool DD6375, 5.50%, 04/01/2055 | 548921 | 558188 |
| &nbsp;&nbsp;&nbsp;Pool BV1706, 5.50%, 05/01/2055 | 267721 | 272498 |
| &nbsp;&nbsp;&nbsp;Pool DD8492, 5.50%, 05/01/2055 | 1393966 | 1419953 |
| &nbsp;&nbsp;&nbsp;Pool CC0639, 5.50%, 06/01/2055 | 3914761 | 3991221 |
| &nbsp;&nbsp;&nbsp;Pool DE1131, 5.50%, 06/01/2055 | 1046408 | 1064476 |
| &nbsp;&nbsp;&nbsp;Pool DE5983, 5.50%, 07/01/2055 | 1104341 | 1119633 |
| &nbsp;&nbsp;&nbsp;Pool CC0951, 5.50%, 09/01/2055 | 9422356 | 9606384 |
| &nbsp;&nbsp;&nbsp;Pool DE9430, 5.50%, 09/01/2055 | 3400174 | 3446611 |
| &nbsp;&nbsp;&nbsp;Pool CC1157, 5.50%, 10/01/2055 | 6661803 | 6812073 |
| &nbsp;&nbsp;&nbsp;Pool DF3715, 5.50%, 11/01/2055 | 1479940 | 1500433 |
| &nbsp;&nbsp;&nbsp;Pool 890247, 6.00%, 09/01/2038 | 836562 | 886791 |
| &nbsp;&nbsp;&nbsp;Pool BX0446, 6.00%, 11/01/2052 | 738760 | 757714 |
| &nbsp;&nbsp;&nbsp;Pool BX4164, 6.00%, 12/01/2052 | 1508887 | 1546556 |
| &nbsp;&nbsp;&nbsp;Pool BX4177, 6.00%, 01/01/2053 | 1236741 | 1274490 |
| &nbsp;&nbsp;&nbsp;Pool BX6157, 6.00%, 02/01/2053 | 315028 | 323285 |
| &nbsp;&nbsp;&nbsp;Pool BX9386, 6.00%, 04/01/2053 | 1364283 | 1399017 |
| &nbsp;&nbsp;&nbsp;Pool BY0171, 6.00%, 05/01/2053 | 1221073 | 1255750 |
| &nbsp;&nbsp;&nbsp;Pool BY1807, 6.00%, 06/01/2053 | 622370 | 637129 |
| &nbsp;&nbsp;&nbsp;Pool BY8470, 6.00%, 08/01/2053 | 672714 | 691818 |
| &nbsp;&nbsp;&nbsp;Pool BY9983, 6.00%, 09/01/2053 | 377836 | 387739 |
| &nbsp;&nbsp;&nbsp;Pool DA1489, 6.00%, 10/01/2053 | 606036 | 620589 |
| &nbsp;&nbsp;&nbsp;Pool DA4979, 6.00%, 11/01/2053 | 683116 | 699494 |
| &nbsp;&nbsp;&nbsp;Pool CB7612, 6.00%, 12/01/2053 | 12345323 | 12652142 |
| &nbsp;&nbsp;&nbsp;Pool CB7745, 6.00%, 12/01/2053 | 8478294 | 8688372 |
| &nbsp;&nbsp;&nbsp;Pool DA5136, 6.00%, 01/01/2054 | 654095 | 669752 |
| &nbsp;&nbsp;&nbsp;Pool DA8574, 6.00%, 03/01/2054 | 1377860 | 1410227 |
| &nbsp;&nbsp;&nbsp;Pool DB0792, 6.00%, 04/01/2054 | 887825 | 910470 |
| &nbsp;&nbsp;&nbsp;Pool CB8426, 6.00%, 05/01/2054 | 5959683 | 6140385 |
| &nbsp;&nbsp;&nbsp;Pool DB2786, 6.00%, 05/01/2054 | 2996623 | 3068417 |
| &nbsp;&nbsp;&nbsp;Pool DB6590, 6.00%, 06/01/2054 | 1262685 | 1293094 |
| &nbsp;&nbsp;&nbsp;Pool CB8947, 6.00%, 07/01/2054 | 4893200 | 5041566 |
| &nbsp;&nbsp;&nbsp;Pool DB3721, 6.00%, 07/01/2054 | 284464 | 294165 |
| &nbsp;&nbsp;&nbsp;Pool DB8901, 6.00%, 07/01/2054 | 851662 | 876813 |
| &nbsp;&nbsp;&nbsp;Pool DB9723, 6.00%, 07/01/2054 | 1963051 | 2013508 |
| &nbsp;&nbsp;&nbsp;Pool DB8714, 6.00%, 08/01/2054 | 1252647 | 1287607 |
| &nbsp;&nbsp;&nbsp;Pool DC1339, 6.00%, 09/01/2054 | 1653372 | 1695453 |
| &nbsp;&nbsp;&nbsp;Pool DC4922, 6.00%, 10/01/2054 | 422630 | 434163 |
| &nbsp;&nbsp;&nbsp;Pool DC7028, 6.00%, 11/01/2054 | 433741 | 444592 |
| &nbsp;&nbsp;&nbsp;Pool DD0841, 6.00%, 01/01/2055 | 1046146 | 1074669 |
| &nbsp;&nbsp;&nbsp;Pool DD5559, 6.00%, 03/01/2055 | 669257 | 687433 |
| &nbsp;&nbsp;&nbsp;Pool DD5893, 6.00%, 03/01/2055 | 461705 | 475678 |
| &nbsp;&nbsp;&nbsp;Pool DD6403, 6.00%, 04/01/2055 | 128766 | 132166 |
| &nbsp;&nbsp;&nbsp;Pool DD8509, 6.00%, 05/01/2055 | 1341724 | 1381186 |
| &nbsp;&nbsp;&nbsp;Pool DE1158, 6.00%, 06/01/2055 | 1448685 | 1495903 |
| &nbsp;&nbsp;&nbsp;Pool DE5987, 6.00%, 07/01/2055 | 1565372 | 1604320 |
| &nbsp;&nbsp;&nbsp;Pool CC0952, 6.00%, 08/01/2055 | 2138243 | 2188893 |
| &nbsp;&nbsp;&nbsp;Pool DE9440, 6.00%, 09/01/2055 | 3997398 | 4096858 |
| &nbsp;&nbsp;&nbsp;Pool DF5624, 6.00%, 11/01/2055 | 1197931 | 1229070 |
| &nbsp;&nbsp;&nbsp;Pool 886136, 6.50%, 07/01/2036 | 128414 | 137396 |
| &nbsp;&nbsp;&nbsp;Pool 900106, 6.50%, 08/01/2036 | 42476 | 45436 |
| &nbsp;&nbsp;&nbsp;Pool 947771, 6.50%, 09/01/2037 | 24928 | 26765 |
| &nbsp;&nbsp;&nbsp;Pool BY9984, 6.50%, 09/01/2053 | 560544 | 581526 |
| &nbsp;&nbsp;&nbsp;Pool DA1490, 6.50%, 10/01/2053 | 213478 | 221469 |
| &nbsp;&nbsp;&nbsp;Pool DA4980, 6.50%, 11/01/2053 | 463563 | 479308 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **23** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool CB7746, 6.50%, 12/01/2053 | $10790509 | $11156994 |
| &nbsp;&nbsp;&nbsp;Pool DA5137, 6.50%, 12/01/2053 | 1320987 | 1365445 |
| &nbsp;&nbsp;&nbsp;Pool DA8575, 6.50%, 02/01/2054 | 1041924 | 1079509 |
| &nbsp;&nbsp;&nbsp;Pool CB8427, 6.50%, 04/01/2054 | 6125902 | 6369641 |
| &nbsp;&nbsp;&nbsp;Pool DB0794, 6.50%, 04/01/2054 | 793146 | 823016 |
| &nbsp;&nbsp;&nbsp;Pool CB8456, 6.50%, 05/01/2054 | 3606251 | 3753197 |
| &nbsp;&nbsp;&nbsp;Pool DB2791, 6.50%, 05/01/2054 | 2241528 | 2324402 |
| &nbsp;&nbsp;&nbsp;Pool DB6592, 6.50%, 06/01/2054 | 3493310 | 3617079 |
| &nbsp;&nbsp;&nbsp;Pool CB8816, 6.50%, 07/01/2054 | 5398347 | 5613138 |
| &nbsp;&nbsp;&nbsp;Pool DC0192, 6.50%, 08/01/2054 | 1715036 | 1778030 |
| &nbsp;&nbsp;&nbsp;Pool DC1357, 6.50%, 09/01/2054 | 1664080 | 1728754 |
| &nbsp;&nbsp;&nbsp;Pool DD6426, 6.50%, 04/01/2055 | 937322 | 973092 |
| &nbsp;&nbsp;&nbsp;Pool DF0270, 6.50%, 09/01/2055 | 430977 | 447424 |
| &nbsp;&nbsp;&nbsp;Pool DA4981, 7.00%, 11/01/2053 | 759984 | 798458 |
| &nbsp;&nbsp;&nbsp;Pool DA5138, 7.00%, 01/01/2054 | 334918 | 353715 |
| &nbsp;&nbsp;&nbsp;Pool DA8576, 7.00%, 02/01/2054 | 549736 | 576150 |
| &nbsp;&nbsp;&nbsp;Pool DB2792, 7.00%, 05/01/2054 | 294033 | 309503 |
| &nbsp;&nbsp;&nbsp;Pool DB6593, 7.00%, 06/01/2054 | 117833 | 123601 |
| &nbsp;&nbsp;&nbsp;Pool DC0200, 7.00%, 07/01/2054 | 796910 | 835918 |
| &nbsp;&nbsp;&nbsp;Pool DA5139, 7.50%, 12/01/2053 | 360490 | 391858 |
|  |  | 857507721 |
| &nbsp;&nbsp;&nbsp;**FRESB Multifamily Mortgage Pass-Through Certificates - 0.54%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool 2021-SB83, 0.63%, 01/25/2026 (b) | 1462372 | 1453673 |
| &nbsp;&nbsp;&nbsp;Pool 2021-SB87, 0.78%, 04/25/2041 (b) | 2268317 | 2240056 |
| &nbsp;&nbsp;&nbsp;Pool 2021-SB82, 0.86%, 12/25/2027 (b) | 1967934 | 1861858 |
| &nbsp;&nbsp;&nbsp;Pool 2021-SB87, 1.07%, 04/25/2028 (b) | 935145 | 880180 |
| &nbsp;&nbsp;&nbsp;Pool 2022-SB104, 2.66%, 08/25/2032 (b) | 1940871 | 1773675 |
| &nbsp;&nbsp;&nbsp;Pool 2022-SB104, 2.79%, 09/25/2042 (b) | 1898526 | 1835431 |
| &nbsp;&nbsp;&nbsp;Pool 2017-SB43, 3.00%, 10/25/2027 (b) | 324611 | 318799 |
| &nbsp;&nbsp;&nbsp;Pool 2025-SB121 A7F, 4.44%, 04/25/2032 (b) | 1499425 | 1513528 |
| &nbsp;&nbsp;&nbsp;Pool 2025-SB121 A10F, 4.60%, 02/25/2035 (b) | 954368 | 961503 |
| &nbsp;&nbsp;&nbsp;Pool 2025-SB118, 4.64%, 11/25/2031 (b) | 1423434 | 1450133 |
| &nbsp;&nbsp;&nbsp;Pool 2025-SB122, 4.68%, 05/25/2030 (b) | 4606682 | 4701310 |
| &nbsp;&nbsp;&nbsp;Pool 2025-SB122, 4.88%, 05/25/2035 (b) | 1499861 | 1534351 |
| &nbsp;&nbsp;&nbsp;Pool 2017-SB43, 5.02%, (SOFR30A+0.814%), 10/25/2037 (b) | 112335 | 112626 |
|  |  | 20637123 |
| &nbsp;&nbsp;&nbsp;**GNMA Multifamily - 11.56%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool 2021-36, 1.15%, 03/16/2057 | 602667 | 452194 |
| &nbsp;&nbsp;&nbsp;Pool 2021-47, 1.15%, 03/16/2061 | 4532070 | 3317313 |
| &nbsp;&nbsp;&nbsp;Pool 2021-28, 1.20%, 01/16/2062 | 2506960 | 1856718 |
| &nbsp;&nbsp;&nbsp;Pool 2021-186, 1.25%, 05/16/2052 | 4450854 | 3619737 |
| &nbsp;&nbsp;&nbsp;Pool 2021-51, 1.25%, 10/16/2062 | 865185 | 640775 |
| &nbsp;&nbsp;&nbsp;Pool 2020-135, 1.30%, 01/16/2063 | 1111419 | 818973 |
| &nbsp;&nbsp;&nbsp;Pool 2021-134 KQ, 1.40%, 03/16/2060 | 325392 | 244590 |
| &nbsp;&nbsp;&nbsp;Pool 2021-43, 1.40%, 03/16/2062 | 1272465 | 961977 |
| &nbsp;&nbsp;&nbsp;Pool 2022-3 AN, 1.50%, 09/16/2051 | 4684408 | 3892008 |
| &nbsp;&nbsp;&nbsp;Pool 2021-79, 1.50%, 10/16/2057 | 920534 | 740406 |
| &nbsp;&nbsp;&nbsp;Pool 2021-219 AJ, 1.50%, 11/16/2059 | 1096810 | 871961 |
| &nbsp;&nbsp;&nbsp;Pool 2021-217 AB, 1.50%, 12/16/2061 | 1298811 | 1095511 |
| &nbsp;&nbsp;&nbsp;Pool 2021-68, 1.50%, 12/16/2061 | 1195180 | 951444 |
| &nbsp;&nbsp;&nbsp;Pool 2022-2 AC, 1.50%, 01/16/2062 | 528144 | 417680 |
| &nbsp;&nbsp;&nbsp;Pool 2020-89 AB, 1.50%, 02/16/2062 | 388688 | 294676 |
| &nbsp;&nbsp;&nbsp;Pool 2020-69, 1.50%, 03/16/2062 | 931382 | 705084 |
| &nbsp;&nbsp;&nbsp;Pool 2021-164, 1.50%, 03/16/2062 | 2533664 | 2012871 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **24** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 2020-139, 1.50%, 04/16/2062 | $709445 | $540598 |
| &nbsp;&nbsp;&nbsp;Pool 2021-210, 1.50%, 05/16/2062 | 469073 | 356333 |
| &nbsp;&nbsp;&nbsp;Pool 2020-158, 1.50%, 09/16/2062 | 2381146 | 1813908 |
| &nbsp;&nbsp;&nbsp;Pool 2020-170, 1.50%, 11/16/2062 | 376041 | 283760 |
| &nbsp;&nbsp;&nbsp;Pool 2021-183, 1.50%, 01/16/2063 | 1375330 | 1049444 |
| &nbsp;&nbsp;&nbsp;Pool 2021-40, 1.50%, 02/16/2063 | 683768 | 519952 |
| &nbsp;&nbsp;&nbsp;Pool 2021-21, 1.50%, 06/16/2063 | 4492319 | 3416666 |
| &nbsp;&nbsp;&nbsp;Pool 2022-7 AC, 1.50%, 01/16/2064 | 1769820 | 1354912 |
| &nbsp;&nbsp;&nbsp;Pool 2013-85 A, 1.55%, 09/16/2046 | 94198 | 89277 |
| &nbsp;&nbsp;&nbsp;Pool 2013-7 AC, 1.60%, 03/16/2047 | 361550 | 332598 |
| &nbsp;&nbsp;&nbsp;Pool 2021-75, 1.60%, 04/16/2062 | 2016551 | 1550989 |
| &nbsp;&nbsp;&nbsp;Pool 2020-197, 1.60%, 10/16/2062 | 3049866 | 2341798 |
| &nbsp;&nbsp;&nbsp;Pool 2022-21 AB, 1.60%, 12/16/2062 | 1313705 | 1027943 |
| &nbsp;&nbsp;&nbsp;Pool 2020-100, 1.65%, 04/16/2062 | 730596 | 576640 |
| &nbsp;&nbsp;&nbsp;Pool 2021-65, 1.65%, 12/16/2062 | 367314 | 283101 |
| &nbsp;&nbsp;&nbsp;Pool 2021-220 AC, 1.65%, 11/16/2063 | 4518718 | 3488937 |
| &nbsp;&nbsp;&nbsp;Pool 2012-139 AB, 1.67%, 02/16/2053 | 29034 | 23358 |
| &nbsp;&nbsp;&nbsp;Pool 2021-90, 1.70%, 05/16/2061 | 1853168 | 1430864 |
| &nbsp;&nbsp;&nbsp;Pool 2013-50 AB, 1.73%, 05/16/2045 | 133738 | 127289 |
| &nbsp;&nbsp;&nbsp;Pool 2022-15 AP, 1.75%, 12/16/2055 | 1215078 | 976002 |
| &nbsp;&nbsp;&nbsp;Pool 2021-222 AP, 1.75%, 02/16/2056 | 5144939 | 4131430 |
| &nbsp;&nbsp;&nbsp;Pool 2022-14 AG, 1.75%, 01/01/2058 | 2073981 | 1629117 |
| &nbsp;&nbsp;&nbsp;Pool 2022-41 AD, 1.75%, 01/16/2062 | 1657425 | 1368973 |
| &nbsp;&nbsp;&nbsp;Pool 2021-80, 1.75%, 06/16/2062 | 1812301 | 1435631 |
| &nbsp;&nbsp;&nbsp;Pool 2022-8 AB, 1.75%, 07/16/2062 | 1403603 | 1131074 |
| &nbsp;&nbsp;&nbsp;Pool 2020-128, 1.75%, 10/16/2062 | 1864499 | 1437893 |
| &nbsp;&nbsp;&nbsp;Pool 2021-110 AC, 1.75%, 10/16/2062 | 132484 | 103217 |
| &nbsp;&nbsp;&nbsp;Pool 2021-33, 1.75%, 10/16/2062 | 1050180 | 813006 |
| &nbsp;&nbsp;&nbsp;Pool 2022-042, 1.75%, 03/16/2063 | 920795 | 728296 |
| &nbsp;&nbsp;&nbsp;Pool 2022-038, 1.75%, 04/16/2064 | 7186483 | 5554880 |
| &nbsp;&nbsp;&nbsp;Pool 2012-144 AD, 1.77%, 01/16/2053 | 89182 | 80496 |
| &nbsp;&nbsp;&nbsp;Pool 2012-99 AE, 1.80%, 02/16/2048 | 295514 | 253839 |
| &nbsp;&nbsp;&nbsp;Pool 2013-12 AB, 1.83%, 11/16/2052 | 70061 | 66658 |
| &nbsp;&nbsp;&nbsp;Pool 2013-72 AC, 1.88%, 05/16/2046 | 233045 | 215944 |
| &nbsp;&nbsp;&nbsp;Pool 2012-135 AC, 1.89%, 01/16/2053 (b) | 520402 | 430408 |
| &nbsp;&nbsp;&nbsp;Pool 2012-150 AB, 1.90%, 08/16/2044 | 6782 | 6665 |
| &nbsp;&nbsp;&nbsp;Pool 2012-120 A, 1.90%, 02/16/2053 | 582960 | 505767 |
| &nbsp;&nbsp;&nbsp;Pool 2020-71, 1.90%, 01/16/2062 | 681367 | 534020 |
| &nbsp;&nbsp;&nbsp;Pool 2022-115, 2.00%, 09/16/2048 | 9059919 | 8134944 |
| &nbsp;&nbsp;&nbsp;Pool 2013-128 AB, 2.00%, 10/16/2051 | 741993 | 657409 |
| &nbsp;&nbsp;&nbsp;Pool 2011-143, 2.00%, 10/16/2057 | 1260202 | 1001034 |
| &nbsp;&nbsp;&nbsp;Pool 2017-7, 2.00%, 11/16/2058 | 59504 | 47971 |
| &nbsp;&nbsp;&nbsp;Pool 2020-118 AC, 2.00%, 04/16/2062 | 562414 | 446155 |
| &nbsp;&nbsp;&nbsp;Pool 2020-91 AQ, 2.00%, 05/16/2062 | 1079977 | 844797 |
| &nbsp;&nbsp;&nbsp;Pool 2020-106 AG, 2.00%, 06/16/2062 | 706269 | 558304 |
| &nbsp;&nbsp;&nbsp;Pool 2020-111 AD, 2.00%, 09/15/2062 | 1432526 | 1139796 |
| &nbsp;&nbsp;&nbsp;Pool 2020-159, 2.00%, 10/16/2062 | 1382130 | 1097237 |
| &nbsp;&nbsp;&nbsp;Pool 2022-042, 2.00%, 10/16/2062 | 921093 | 755340 |
| &nbsp;&nbsp;&nbsp;Pool 2022-71 AH, 2.00%, 05/16/2063 | 1480264 | 1207585 |
| &nbsp;&nbsp;&nbsp;Pool 2022-035, 2.00%, 10/16/2063 (b) | 332337 | 269511 |
| &nbsp;&nbsp;&nbsp;Pool 2022-73 AK, 2.00%, 03/16/2064 | 1021200 | 815595 |
| &nbsp;&nbsp;&nbsp;Pool 2012-112 AD, 2.09%, 02/16/2053 | 59145 | 50963 |
| &nbsp;&nbsp;&nbsp;Pool 2012-114 A, 2.10%, 01/16/2053 (b) | 120219 | 105509 |
| &nbsp;&nbsp;&nbsp;Pool 2022-74 DA, 2.10%, 12/16/2058 (b) | 3231423 | 2599433 |
| &nbsp;&nbsp;&nbsp;Pool 2012-125 AB, 2.11%, 02/16/2053 (b) | 106579 | 88601 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **25** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool AA8478, 2.15%, 05/15/2035 | $206310 | $206310 |
| &nbsp;&nbsp;&nbsp;Pool AA8479, 2.15%, 11/15/2035 | 439118 | 439118 |
| &nbsp;&nbsp;&nbsp;Pool 2022-082, 2.15%, 12/16/2050 | 1328434 | 1159514 |
| &nbsp;&nbsp;&nbsp;Pool 2022-96 DA, 2.15%, 02/16/2057 | 732963 | 592688 |
| &nbsp;&nbsp;&nbsp;Pool 2022-72 AD, 2.15%, 04/16/2063 | 451868 | 367444 |
| &nbsp;&nbsp;&nbsp;Pool 2013-94 AB, 2.20%, 03/16/2054 | 107455 | 97862 |
| &nbsp;&nbsp;&nbsp;Pool 2016-152, 2.20%, 08/15/2058 | 1012329 | 823943 |
| &nbsp;&nbsp;&nbsp;Pool 2020-2020, 2.20%, 04/16/2061 | 470987 | 400712 |
| &nbsp;&nbsp;&nbsp;Pool 2020-70, 2.20%, 04/16/2062 | 504135 | 403095 |
| &nbsp;&nbsp;&nbsp;Pool AC5324, 2.23%, 09/15/2032 | 436431 | 436431 |
| &nbsp;&nbsp;&nbsp;Pool 2016-40, 2.25%, 03/16/2050 | 1943189 | 1732137 |
| &nbsp;&nbsp;&nbsp;Pool 2019-127, 2.25%, 08/16/2053 | 306135 | 253955 |
| &nbsp;&nbsp;&nbsp;Pool 2016-175, 2.25%, 09/16/2058 | 1571196 | 1277172 |
| &nbsp;&nbsp;&nbsp;Pool 2020-10, 2.25%, 05/16/2060 | 2093309 | 1811900 |
| &nbsp;&nbsp;&nbsp;Pool 2020-48, 2.25%, 11/16/2061 | 1531199 | 1230367 |
| &nbsp;&nbsp;&nbsp;Pool 2022-149, 2.25%, 03/16/2062 | 4423763 | 4129747 |
| &nbsp;&nbsp;&nbsp;Pool 2021-112 AC, 2.25%, 10/16/2063 | 1289942 | 1035350 |
| &nbsp;&nbsp;&nbsp;Pool 2022-167, 2.30%, 10/16/2050 | 1343698 | 1241603 |
| &nbsp;&nbsp;&nbsp;Pool 2017-20, 2.30%, 09/16/2057 | 628696 | 524057 |
| &nbsp;&nbsp;&nbsp;Pool 2016-125, 2.30%, 12/16/2057 | 311733 | 253049 |
| &nbsp;&nbsp;&nbsp;Pool 2017-003, 2.30%, 09/16/2058 | 967910 | 789817 |
| &nbsp;&nbsp;&nbsp;Pool 2012-100 B, 2.31%, 11/16/2051 (b) | 302569 | 280513 |
| &nbsp;&nbsp;&nbsp;Pool 2015-125 AB, 2.35%, 04/16/2047 | 1034287 | 956713 |
| &nbsp;&nbsp;&nbsp;Pool 2016-87, 2.35%, 03/16/2058 | 261233 | 216880 |
| &nbsp;&nbsp;&nbsp;Pool 2020-26 AD, 2.35%, 04/15/2061 | 805241 | 670597 |
| &nbsp;&nbsp;&nbsp;Pool 2016-40, 2.40%, 06/16/2049 | 661171 | 588712 |
| &nbsp;&nbsp;&nbsp;Pool 2018-16, 2.40%, 03/16/2050 | 2952602 | 2695933 |
| &nbsp;&nbsp;&nbsp;Pool 2017-30, 2.40%, 03/16/2051 | 1030493 | 916536 |
| &nbsp;&nbsp;&nbsp;Pool 2018-26, 2.40%, 03/16/2052 | 1029902 | 971764 |
| &nbsp;&nbsp;&nbsp;Pool 2017-50, 2.40%, 01/16/2057 | 1910628 | 1563881 |
| &nbsp;&nbsp;&nbsp;Pool 2017-16, 2.40%, 01/16/2058 | 549677 | 460885 |
| &nbsp;&nbsp;&nbsp;Pool 2017-29, 2.40%, 01/16/2058 | 1134770 | 980309 |
| &nbsp;&nbsp;&nbsp;Pool 2016-113, 2.40%, 02/16/2058 | 452700 | 370060 |
| &nbsp;&nbsp;&nbsp;Pool 2017-49, 2.40%, 05/16/2058 | 1248513 | 1064667 |
| &nbsp;&nbsp;&nbsp;Pool 2017-41, 2.40%, 07/16/2058 | 277675 | 255062 |
| &nbsp;&nbsp;&nbsp;Pool 2020-24 AB, 2.40%, 08/16/2061 | 824187 | 689139 |
| &nbsp;&nbsp;&nbsp;Pool 2017-169, 2.45%, 03/16/2050 | 1020150 | 944798 |
| &nbsp;&nbsp;&nbsp;Pool 2020-23 AC, 2.45%, 02/16/2062 | 587276 | 488416 |
| &nbsp;&nbsp;&nbsp;Pool 2023-174 AE, 2.50%, 09/16/2046 (b) | 7494844 | 6979833 |
| &nbsp;&nbsp;&nbsp;Pool 2022-165, 2.50%, 05/16/2049 (b) | 8161691 | 7577350 |
| &nbsp;&nbsp;&nbsp;Pool 2017-111, 2.50%, 06/16/2051 | 59211 | 55798 |
| &nbsp;&nbsp;&nbsp;Pool 2015-114 AD, 2.50%, 11/15/2051 | 243746 | 235578 |
| &nbsp;&nbsp;&nbsp;Pool 2022-162, 2.50%, 04/16/2054 | 2088788 | 1843446 |
| &nbsp;&nbsp;&nbsp;Pool 2022-150, 2.50%, 07/16/2055 | 1199723 | 1093980 |
| &nbsp;&nbsp;&nbsp;Pool 2017-9, 2.50%, 09/16/2056 | 402110 | 333287 |
| &nbsp;&nbsp;&nbsp;Pool 2017-157, 2.50%, 10/16/2056 | 349462 | 313748 |
| &nbsp;&nbsp;&nbsp;Pool 2017-28, 2.50%, 02/16/2057 | 1575735 | 1300247 |
| &nbsp;&nbsp;&nbsp;Pool 2016-36 A, 2.50%, 03/16/2057 | 117261 | 101599 |
| &nbsp;&nbsp;&nbsp;Pool 2017-72, 2.50%, 04/16/2057 | 378494 | 312956 |
| &nbsp;&nbsp;&nbsp;Pool 2016-71, 2.50%, 10/16/2057 | 1001860 | 832231 |
| &nbsp;&nbsp;&nbsp;Pool 2017-46, 2.50%, 11/16/2057 | 1334889 | 1102268 |
| &nbsp;&nbsp;&nbsp;Pool 2017-64, 2.50%, 11/16/2057 | 334187 | 275137 |
| &nbsp;&nbsp;&nbsp;Pool 2017-22, 2.50%, 12/16/2057 | 2206567 | 1841036 |
| &nbsp;&nbsp;&nbsp;Pool 2017-47, 2.50%, 08/16/2058 | 242427 | 213028 |
| &nbsp;&nbsp;&nbsp;Pool 2017-81, 2.50%, 09/16/2058 | 220759 | 186580 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **26** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 2017-97, 2.50%, 09/16/2058 | $218628 | $183991 |
| &nbsp;&nbsp;&nbsp;Pool 2018-3, 2.50%, 10/16/2058 | 2486576 | 2129892 |
| &nbsp;&nbsp;&nbsp;Pool 2017-154, 2.50%, 12/16/2058 | 1692657 | 1406363 |
| &nbsp;&nbsp;&nbsp;Pool 2017-127, 2.50%, 02/16/2059 | 464640 | 385321 |
| &nbsp;&nbsp;&nbsp;Pool 2017-143, 2.50%, 02/16/2059 | 796611 | 657881 |
| &nbsp;&nbsp;&nbsp;Pool 2018-75, 2.50%, 04/16/2059 | 641034 | 570930 |
| &nbsp;&nbsp;&nbsp;Pool 2017-191, 2.50%, 07/16/2059 (b) | 2125377 | 1745210 |
| &nbsp;&nbsp;&nbsp;Pool 2018-2, 2.50%, 07/16/2059 | 394226 | 327858 |
| &nbsp;&nbsp;&nbsp;Pool 2017-169, 2.50%, 09/16/2059 | 71918 | 59730 |
| &nbsp;&nbsp;&nbsp;Pool 2019-141, 2.50%, 08/16/2060 | 804299 | 667389 |
| &nbsp;&nbsp;&nbsp;Pool 2020-8 AL, 2.50%, 01/16/2061 | 271146 | 232921 |
| &nbsp;&nbsp;&nbsp;Pool 2019-107, 2.50%, 02/16/2061 | 499854 | 411109 |
| &nbsp;&nbsp;&nbsp;Pool 2020-2 AH, 2.50%, 02/16/2061 | 2196303 | 1865613 |
| &nbsp;&nbsp;&nbsp;Pool 2019-147 AE, 2.50%, 06/16/2061 | 581039 | 477516 |
| &nbsp;&nbsp;&nbsp;Pool 2020-72, 2.50%, 02/16/2062 | 1536642 | 1279999 |
| &nbsp;&nbsp;&nbsp;Pool 2020-10 AC, 2.50%, 04/16/2062 | 1250318 | 1036794 |
| &nbsp;&nbsp;&nbsp;Pool 2016-64, 2.55%, 12/16/2057 | 719162 | 599572 |
| &nbsp;&nbsp;&nbsp;Pool 2019-124, 2.55%, 09/16/2060 | 188972 | 170279 |
| &nbsp;&nbsp;&nbsp;Pool 2018-74 AG, 2.60%, 12/16/2050 | 63832 | 63304 |
| &nbsp;&nbsp;&nbsp;Pool 2017-106, 2.60%, 04/16/2051 | 60478 | 56399 |
| &nbsp;&nbsp;&nbsp;Pool 2015-101 AE, 2.60%, 03/16/2052 | 229314 | 207806 |
| &nbsp;&nbsp;&nbsp;Pool 2015-128 AJ, 2.60%, 11/16/2055 | 1388504 | 1239227 |
| &nbsp;&nbsp;&nbsp;Pool 2015-160 AC, 2.60%, 01/16/2056 (b) | 1720823 | 1491000 |
| &nbsp;&nbsp;&nbsp;Pool 2018-69, 2.60%, 03/16/2056 | 464600 | 450022 |
| &nbsp;&nbsp;&nbsp;Pool 2015-67 AE, 2.60%, 10/16/2056 (b) | 402544 | 343911 |
| &nbsp;&nbsp;&nbsp;Pool 2016-24, 2.60%, 12/16/2056 | 102918 | 93210 |
| &nbsp;&nbsp;&nbsp;Pool 2016-41, 2.60%, 06/16/2057 | 68508 | 57233 |
| &nbsp;&nbsp;&nbsp;Pool 2017-90, 2.60%, 07/16/2057 | 1506794 | 1345135 |
| &nbsp;&nbsp;&nbsp;Pool 2017-62, 2.60%, 11/16/2057 | 712035 | 627320 |
| &nbsp;&nbsp;&nbsp;Pool 2017-92, 2.60%, 06/16/2058 | 915653 | 819957 |
| &nbsp;&nbsp;&nbsp;Pool 2018-16, 2.60%, 06/16/2058 | 2116687 | 1840724 |
| &nbsp;&nbsp;&nbsp;Pool 2017-74, 2.60%, 09/16/2058 | 2382571 | 2015845 |
| &nbsp;&nbsp;&nbsp;Pool 2018-28, 2.60%, 09/16/2058 | 3446287 | 2979459 |
| &nbsp;&nbsp;&nbsp;Pool 2017-108, 2.60%, 10/16/2058 | 372274 | 318605 |
| &nbsp;&nbsp;&nbsp;Pool 2017-135, 2.60%, 10/16/2058 | 1834596 | 1539787 |
| &nbsp;&nbsp;&nbsp;Pool 2017-70, 2.60%, 10/16/2058 | 143877 | 122556 |
| &nbsp;&nbsp;&nbsp;Pool 2017-102, 2.60%, 12/16/2058 (b) | 928616 | 765032 |
| &nbsp;&nbsp;&nbsp;Pool 2017-124, 2.60%, 12/16/2058 | 270587 | 229470 |
| &nbsp;&nbsp;&nbsp;Pool 2017-131, 2.60%, 12/16/2058 (b) | 924296 | 765062 |
| &nbsp;&nbsp;&nbsp;Pool 2018-9, 2.60%, 12/16/2058 | 964085 | 814447 |
| &nbsp;&nbsp;&nbsp;Pool 2017-105, 2.60%, 01/16/2059 | 251810 | 216042 |
| &nbsp;&nbsp;&nbsp;Pool 2017-143, 2.60%, 01/16/2059 | 1114001 | 930179 |
| &nbsp;&nbsp;&nbsp;Pool 2017-94, 2.60%, 02/16/2059 | 148752 | 126904 |
| &nbsp;&nbsp;&nbsp;Pool 2017-169, 2.60%, 04/16/2059 (b) | 2946834 | 2462746 |
| &nbsp;&nbsp;&nbsp;Pool 2017-185, 2.60%, 04/16/2059 (b) | 101235 | 84756 |
| &nbsp;&nbsp;&nbsp;Pool 2017-126, 2.60%, 05/16/2059 | 57606 | 49614 |
| &nbsp;&nbsp;&nbsp;Pool 2017-152, 2.60%, 05/16/2059 | 150206 | 131324 |
| &nbsp;&nbsp;&nbsp;Pool 2017-61, 2.60%, 05/16/2059 | 368608 | 319514 |
| &nbsp;&nbsp;&nbsp;Pool 2018-41 AD, 2.60%, 06/16/2059 | 463431 | 433241 |
| &nbsp;&nbsp;&nbsp;Pool 2018-35, 2.60%, 09/16/2059 | 2097919 | 1824196 |
| &nbsp;&nbsp;&nbsp;Pool 2019-88, 2.60%, 12/16/2059 | 491157 | 433095 |
| &nbsp;&nbsp;&nbsp;Pool 2017-190, 2.60%, 03/16/2060 | 570830 | 479969 |
| &nbsp;&nbsp;&nbsp;Pool 2019-147, 2.60%, 09/16/2060 | 133705 | 114329 |
| &nbsp;&nbsp;&nbsp;Pool 2019-130, 2.60%, 11/16/2061 | 285831 | 248825 |
| &nbsp;&nbsp;&nbsp;Pool 2017-7, 2.61%, 12/16/2058 (b) | 2522930 | 1821125 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **27** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 591746, 2.63%, 06/15/2048 | $659169 | $659169 |
| &nbsp;&nbsp;&nbsp;Pool 2014-88 AH, 2.64%, 06/16/2054 (b) | 48968 | 46056 |
| &nbsp;&nbsp;&nbsp;Pool 2015-86 AC, 2.65%, 03/16/2050 | 239246 | 229523 |
| &nbsp;&nbsp;&nbsp;Pool 2015-171 EA, 2.65%, 12/16/2052 | 33292 | 28801 |
| &nbsp;&nbsp;&nbsp;Pool 2016-178, 2.65%, 08/16/2058 | 2223764 | 1900285 |
| &nbsp;&nbsp;&nbsp;Pool 2012-53 AE, 2.69%, 03/16/2047 (b) | 162923 | 147398 |
| &nbsp;&nbsp;&nbsp;Pool 2018-60, 2.70%, 12/16/2058 | 619933 | 563452 |
| &nbsp;&nbsp;&nbsp;Pool 2017-159, 2.70%, 01/16/2059 | 428920 | 361635 |
| &nbsp;&nbsp;&nbsp;Pool 2018-25, 2.70%, 04/16/2059 | 4316796 | 3787144 |
| &nbsp;&nbsp;&nbsp;Pool 2018-43, 2.70%, 10/16/2059 | 605079 | 519306 |
| &nbsp;&nbsp;&nbsp;Pool 2022-102, 2.70%, 06/16/2064 (b) | 2938520 | 2472708 |
| &nbsp;&nbsp;&nbsp;Pool AC3668, 2.73%, 04/15/2043 | 1542731 | 1542731 |
| &nbsp;&nbsp;&nbsp;Pool 2018-62, 2.75%, 05/16/2051 | 486941 | 456171 |
| &nbsp;&nbsp;&nbsp;Pool 2016-39, 2.75%, 01/16/2056 | 1149109 | 972481 |
| &nbsp;&nbsp;&nbsp;Pool 2015-81 AE, 2.75%, 10/16/2056 (b) | 163960 | 154468 |
| &nbsp;&nbsp;&nbsp;Pool 2017-54, 2.75%, 09/16/2057 | 134126 | 118614 |
| &nbsp;&nbsp;&nbsp;Pool 2019-81 AC, 2.75%, 08/16/2060 | 45270 | 39282 |
| &nbsp;&nbsp;&nbsp;Pool 2019-146, 2.75%, 07/16/2061 (b) | 782054 | 682151 |
| &nbsp;&nbsp;&nbsp;Pool 2022-163, 2.75%, 07/16/2062 | 514876 | 472964 |
| &nbsp;&nbsp;&nbsp;Pool 2015-6 AH, 2.80%, 02/16/2051 (b) | 403379 | 371058 |
| &nbsp;&nbsp;&nbsp;Pool 2014-186 AH, 2.80%, 08/16/2054 | 81949 | 75782 |
| &nbsp;&nbsp;&nbsp;Pool 2015-140 AC, 2.80%, 11/16/2056 | 420075 | 382235 |
| &nbsp;&nbsp;&nbsp;Pool 2018-56, 2.80%, 04/16/2058 | 1766214 | 1616113 |
| &nbsp;&nbsp;&nbsp;Pool BX1556, 2.80%, 06/15/2062 | 8959513 | 7442969 |
| &nbsp;&nbsp;&nbsp;Pool 2014-124 AH, 2.81%, 09/16/2049 (b) | 28588 | 26216 |
| &nbsp;&nbsp;&nbsp;Pool 2018-82, 2.85%, 12/16/2051 | 831365 | 754046 |
| &nbsp;&nbsp;&nbsp;Pool 2014-157 AB, 2.85%, 08/16/2054 (b) | 4586 | 4553 |
| &nbsp;&nbsp;&nbsp;Pool 2014-187 AF, 2.85%, 12/16/2055 (b) | 483181 | 444635 |
| &nbsp;&nbsp;&nbsp;Pool 2015-48 AE, 2.90%, 02/16/2050 (b) | 35455 | 34162 |
| &nbsp;&nbsp;&nbsp;Pool AV9479, 2.90%, 10/15/2051 | 7258554 | 7258554 |
| &nbsp;&nbsp;&nbsp;Pool 2013-154, 2.90%, 09/16/2053 (b) | 529116 | 488894 |
| &nbsp;&nbsp;&nbsp;Pool 2015-73 AG, 2.90%, 11/16/2055 (b) | 253768 | 237957 |
| &nbsp;&nbsp;&nbsp;Pool 2015-7 AD, 2.90%, 01/16/2056 (b) | 81750 | 78698 |
| &nbsp;&nbsp;&nbsp;Pool 2018-110, 2.90%, 09/16/2059 | 130557 | 118265 |
| &nbsp;&nbsp;&nbsp;Pool 2019-94 AG, 2.95%, 07/16/2060 | 292360 | 278815 |
| &nbsp;&nbsp;&nbsp;Pool 2016-40, 2.96%, 05/16/2050 (b) | 727515 | 633040 |
| &nbsp;&nbsp;&nbsp;Pool 2015-22 B, 3.00%, 01/16/2049 (b) | 1975000 | 1729057 |
| &nbsp;&nbsp;&nbsp;Pool 2018-73, 3.00%, 04/16/2049 | 108369 | 104561 |
| &nbsp;&nbsp;&nbsp;Pool 2018-96, 3.00%, 09/16/2049 | 451846 | 431626 |
| &nbsp;&nbsp;&nbsp;Pool 2018-62, 3.00%, 05/16/2050 | 73684 | 70965 |
| &nbsp;&nbsp;&nbsp;Pool 2018-98, 3.00%, 10/16/2050 | 65567 | 63938 |
| &nbsp;&nbsp;&nbsp;Pool 2019-53, 3.00%, 06/16/2051 | 14169 | 14078 |
| &nbsp;&nbsp;&nbsp;Pool 2015-101 MB, 3.00%, 03/16/2052 (b) | 2500000 | 2162847 |
| &nbsp;&nbsp;&nbsp;Pool 2022-187, 3.00%, 03/16/2054 | 423683 | 399795 |
| &nbsp;&nbsp;&nbsp;Pool 2015-47 B, 3.00%, 10/16/2055 (b) | 400000 | 372298 |
| &nbsp;&nbsp;&nbsp;Pool 2022-158, 3.00%, 06/16/2056 (b) | 1416919 | 1315549 |
| &nbsp;&nbsp;&nbsp;Pool 2015-19 B, 3.00%, 07/16/2056 (b) | 499406 | 457172 |
| &nbsp;&nbsp;&nbsp;Pool 2018-88, 3.00%, 02/16/2058 | 826428 | 739243 |
| &nbsp;&nbsp;&nbsp;Pool 2018-43, 3.00%, 12/16/2058 | 101630 | 97357 |
| &nbsp;&nbsp;&nbsp;Pool 2019-63, 3.00%, 02/16/2060 | 163045 | 156139 |
| &nbsp;&nbsp;&nbsp;Pool 2019-47, 3.00%, 05/16/2060 | 119781 | 107661 |
| &nbsp;&nbsp;&nbsp;Pool 2019-66, 3.00%, 05/16/2060 | 1321 | 1306 |
| &nbsp;&nbsp;&nbsp;Pool 2019-75 AC, 3.00%, 05/16/2060 | 359627 | 345946 |
| &nbsp;&nbsp;&nbsp;Pool 2023-26, 3.00%, 05/16/2064 (b) | 2178813 | 1954646 |
| &nbsp;&nbsp;&nbsp;Pool 2022-144, 3.00%, 10/16/2064 (b) | 700431 | 604204 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **28** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 2014-164 BA, 3.05%, 09/16/2052 | $37338 | $37032 |
| &nbsp;&nbsp;&nbsp;Pool AS2544, 3.10%, 04/15/2042 | 637179 | 622919 |
| &nbsp;&nbsp;&nbsp;Pool 2018-85, 3.10%, 07/16/2057 (b) | 658917 | 616964 |
| &nbsp;&nbsp;&nbsp;Pool 2019-64, 3.10%, 01/16/2060 | 368139 | 348249 |
| &nbsp;&nbsp;&nbsp;Pool 2019-105 A, 3.10%, 05/16/2061 | 9394 | 8788 |
| &nbsp;&nbsp;&nbsp;Pool 2014-164 AN, 3.11%, 03/16/2055 (b) | 473133 | 424594 |
| &nbsp;&nbsp;&nbsp;Pool 2022-220, 3.15%, 04/16/2053 | 1407821 | 1331966 |
| &nbsp;&nbsp;&nbsp;Pool 2022-184, 3.15%, 01/16/2054 | 3458176 | 3281660 |
| &nbsp;&nbsp;&nbsp;Pool 2023-30, 3.15%, 07/16/2057 | 1541749 | 1467768 |
| &nbsp;&nbsp;&nbsp;Pool 2018-136 AE, 3.15%, 09/16/2058 | 806432 | 771406 |
| &nbsp;&nbsp;&nbsp;Pool 2019-32, 3.15%, 12/16/2059 | 371953 | 365390 |
| &nbsp;&nbsp;&nbsp;Pool 2019-80 AB, 3.15%, 11/16/2060 | 32233 | 28668 |
| &nbsp;&nbsp;&nbsp;Pool 2015-128 MG, 3.20%, 11/16/2055 (b) | 1000000 | 827891 |
| &nbsp;&nbsp;&nbsp;Pool AK7840, 3.25%, 03/15/2050 | 815326 | 815326 |
| &nbsp;&nbsp;&nbsp;Pool 2022-202 AB, 3.25%, 07/16/2053 (b) | 4719050 | 4391688 |
| &nbsp;&nbsp;&nbsp;Pool 2022-199, 3.25%, 02/16/2054 | 609940 | 581812 |
| &nbsp;&nbsp;&nbsp;Pool 2023-73, 3.25%, 09/16/2055 (b) | 6795114 | 6468873 |
| &nbsp;&nbsp;&nbsp;Pool 2023-33, 3.25%, 06/16/2056 (b) | 2842844 | 2547933 |
| &nbsp;&nbsp;&nbsp;Pool 2023-2, 3.25%, 07/16/2056 (b) | 2762699 | 2605673 |
| &nbsp;&nbsp;&nbsp;Pool 2019-26, 3.25%, 01/16/2060 | 48416 | 47989 |
| &nbsp;&nbsp;&nbsp;Pool 2019-37, 3.25%, 02/16/2060 | 860266 | 829655 |
| &nbsp;&nbsp;&nbsp;Pool 2018-165 AB, 3.25%, 09/16/2060 | 1360910 | 1219961 |
| &nbsp;&nbsp;&nbsp;Pool 2023-50, 3.25%, 09/16/2063 (b) | 1905297 | 1718480 |
| &nbsp;&nbsp;&nbsp;Pool 2023-34, 3.25%, 01/16/2064 (b) | 2881612 | 2606555 |
| &nbsp;&nbsp;&nbsp;Pool 2023-95 AD, 3.25%, 04/16/2064 (b) | 2251169 | 2048673 |
| &nbsp;&nbsp;&nbsp;Pool 2023-78, 3.25%, 06/16/2064 (b) | 2920458 | 2652893 |
| &nbsp;&nbsp;&nbsp;Pool 2014-155 DC, 3.34%, 06/16/2047 (b) | 335230 | 328652 |
| &nbsp;&nbsp;&nbsp;Pool 2014-61 A, 3.35%, 02/16/2054 (b) | 505095 | 484328 |
| &nbsp;&nbsp;&nbsp;Pool 2023-31, 3.35%, 01/16/2056 | 1680778 | 1544860 |
| &nbsp;&nbsp;&nbsp;Pool AT8470, 3.40%, 10/15/2051 | 1639772 | 1599818 |
| &nbsp;&nbsp;&nbsp;Pool AN9543, 3.45%, 11/15/2050 | 1467314 | 1460051 |
| &nbsp;&nbsp;&nbsp;Pool 2014-75 BC, 3.50%, 08/16/2054 (b) | 399793 | 374724 |
| &nbsp;&nbsp;&nbsp;Pool 2023-124 GK, 3.50%, 03/16/2055 (b) | 5619556 | 5379728 |
| &nbsp;&nbsp;&nbsp;Pool 2023-92 AC, 3.50%, 10/16/2062 (b) | 3674748 | 3469467 |
| &nbsp;&nbsp;&nbsp;Pool 2023-36, 3.50%, 03/16/2063 (b) | 1286007 | 1199874 |
| &nbsp;&nbsp;&nbsp;Pool 2023-139 AG, 3.50%, 06/16/2064 (b) | 4886700 | 4484220 |
| &nbsp;&nbsp;&nbsp;Pool AD8950, 3.51%, 09/15/2048 | 1788405 | 1788405 |
| &nbsp;&nbsp;&nbsp;Pool AM0526, 3.51%, 05/15/2050 | 951742 | 951742 |
| &nbsp;&nbsp;&nbsp;Pool AH5339, 3.55%, 12/15/2050 | 1125149 | 1117194 |
| &nbsp;&nbsp;&nbsp;Pool AC6851, 3.62%, 08/15/2048 | 791297 | 791298 |
| &nbsp;&nbsp;&nbsp;Pool AC6853, 3.62%, 08/15/2048 | 791298 | 791298 |
| &nbsp;&nbsp;&nbsp;Pool 661707, 3.75%, 12/15/2054 | 783656 | 783656 |
| &nbsp;&nbsp;&nbsp;Pool 2023-159 AE, 3.75%, 08/16/2055 (b) | 297125 | 292554 |
| &nbsp;&nbsp;&nbsp;Pool 2023-8, 3.75%, 10/16/2063 | 2676094 | 2575710 |
| &nbsp;&nbsp;&nbsp;Pool 2023-119 AE, 3.75%, 03/16/2064 (b) | 6583050 | 6146577 |
| &nbsp;&nbsp;&nbsp;Pool AG7484, 3.83%, 03/15/2049 | 403754 | 403754 |
| &nbsp;&nbsp;&nbsp;Pool AO6152, 3.94%, 01/15/2045 | 1647522 | 1640798 |
| &nbsp;&nbsp;&nbsp;Pool 2023-126 A, 4.00%, 06/16/2050 | 1954746 | 1931976 |
| &nbsp;&nbsp;&nbsp;Pool 2023-125, 4.00%, 05/16/2053 | 462099 | 451684 |
| &nbsp;&nbsp;&nbsp;Pool AH7386, 4.00%, 11/15/2053 | 1727756 | 1727756 |
| &nbsp;&nbsp;&nbsp;Pool 2023-126 AB, 4.00%, 06/16/2054 | 3029006 | 2965374 |
| &nbsp;&nbsp;&nbsp;Pool 2023-91 AC, 4.00%, 02/16/2055 | 5605676 | 5492194 |
| &nbsp;&nbsp;&nbsp;Pool 2023-44, 4.00%, 08/16/2056 | 5146502 | 4881503 |
| &nbsp;&nbsp;&nbsp;Pool 2023-142 A, 4.00%, 08/16/2063 (b) | 1078553 | 1059830 |
| &nbsp;&nbsp;&nbsp;Pool 2023-197, 4.00%, 01/16/2064 (b) | 2548192 | 2458499 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **29** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 2024-2, 4.00%, 07/16/2064 (b) | $4723895 | $4527924 |
| &nbsp;&nbsp;&nbsp;Pool 2025-181, 4.00%, 07/16/2065 (b) | 809285 | 768417 |
| &nbsp;&nbsp;&nbsp;Pool 768250, 4.01%, 08/15/2052 | 2155892 | 2155892 |
| &nbsp;&nbsp;&nbsp;Pool 2024-135, 4.25%, 01/16/2050 | 690297 | 686455 |
| &nbsp;&nbsp;&nbsp;Pool 2024-50 AB, 4.25%, 10/16/2055 | 3907433 | 3849573 |
| &nbsp;&nbsp;&nbsp;Pool 2023-144 AB, 4.25%, 12/16/2057 | 2322677 | 2282653 |
| &nbsp;&nbsp;&nbsp;Pool 2023-104 AC, 4.25%, 10/16/2062 | 9414447 | 9263863 |
| &nbsp;&nbsp;&nbsp;Pool 2025-3, 4.50%, 11/16/2044 | 1463138 | 1461923 |
| &nbsp;&nbsp;&nbsp;Pool 2025-54 A, 4.50%, 02/16/2045 | 1471405 | 1470862 |
| &nbsp;&nbsp;&nbsp;Pool 2025-3, 4.50%, 12/16/2049 | 3000000 | 2980825 |
| &nbsp;&nbsp;&nbsp;Pool 2025-18, 4.50%, 10/16/2052 | 1478281 | 1471385 |
| &nbsp;&nbsp;&nbsp;Pool 2025-176, 4.50%, 12/16/2052 | 1310286 | 1303544 |
| &nbsp;&nbsp;&nbsp;Pool 2024-119, 4.50%, 12/16/2053 | 1817240 | 1804538 |
| &nbsp;&nbsp;&nbsp;Pool 2024-93 A, 4.50%, 04/16/2054 (b) | 3420406 | 3401627 |
| &nbsp;&nbsp;&nbsp;Pool 2024-36, 4.50%, 07/01/2054 (b) | 1043761 | 1036117 |
| &nbsp;&nbsp;&nbsp;Pool 2025-49, 4.50%, 09/16/2054 | 939256 | 932083 |
| &nbsp;&nbsp;&nbsp;Pool 2025-165, 4.50%, 11/16/2054 | 638552 | 633946 |
| &nbsp;&nbsp;&nbsp;Pool 2024-18, 4.50%, 05/16/2055 | 5353106 | 5314571 |
| &nbsp;&nbsp;&nbsp;Pool 2025-76 AC, 4.50%, 10/16/2055 | 3160508 | 3136580 |
| &nbsp;&nbsp;&nbsp;Pool 2024-52 A, 4.50%, 03/16/2056 (b) | 2132529 | 2122378 |
| &nbsp;&nbsp;&nbsp;Pool 2024-86 AE, 4.50%, 03/16/2056 | 1964691 | 1942360 |
| &nbsp;&nbsp;&nbsp;Pool 2024-193, 4.50%, 04/16/2056 | 1487770 | 1470791 |
| &nbsp;&nbsp;&nbsp;Pool 2025-201, 4.50%, 01/16/2057 (b) | 305000 | 302503 |
| &nbsp;&nbsp;&nbsp;Pool 2025-58 A, 4.50%, 05/16/2057 | 991816 | 979837 |
| &nbsp;&nbsp;&nbsp;Pool 2024-98 JA, 4.50%, 08/16/2057 (b) | 1957485 | 1927413 |
| &nbsp;&nbsp;&nbsp;Pool 2024-158, 4.50%, 09/16/2057 | 1930456 | 1892640 |
| &nbsp;&nbsp;&nbsp;Pool 2024-102 AB, 4.50%, 11/16/2063 | 869569 | 864567 |
| &nbsp;&nbsp;&nbsp;Pool 2024-88 AB, 4.50%, 02/16/2064 (b) | 1868651 | 1860837 |
| &nbsp;&nbsp;&nbsp;Pool 2024-17, 4.50%, 05/16/2064 | 527807 | 522933 |
| &nbsp;&nbsp;&nbsp;Pool 2024-12, 4.50%, 08/16/2064 | 4383886 | 4345570 |
| &nbsp;&nbsp;&nbsp;Pool 2024-153, 4.50%, 03/16/2065 | 9075075 | 9035513 |
| &nbsp;&nbsp;&nbsp;Pool 2024-156, 4.50%, 09/16/2065 | 1477476 | 1439595 |
| &nbsp;&nbsp;&nbsp;Pool AH1338, 4.61%, 06/15/2055 | 444846 | 444846 |
| &nbsp;&nbsp;&nbsp;Pool 2025-143, 4.75%, 11/16/2050 | 497769 | 498375 |
| &nbsp;&nbsp;&nbsp;Pool 2024-70 BA, 4.75%, 07/16/2054 | 2869033 | 2861081 |
| &nbsp;&nbsp;&nbsp;Pool 2025-130, 4.75%, 08/16/2056 | 1095535 | 1094429 |
| &nbsp;&nbsp;&nbsp;Pool 2025-94 AL, 4.75%, 03/16/2057 | 3977532 | 3973613 |
| &nbsp;&nbsp;&nbsp;Pool 2025-17, 4.75%, 05/16/2058 (b) | 1981823 | 1977225 |
| &nbsp;&nbsp;&nbsp;Pool 2024-87 AB, 4.75%, 03/01/2065 | 3150911 | 3148006 |
| &nbsp;&nbsp;&nbsp;Pool 2025-11, 4.75%, 03/16/2065 (b) | 715359 | 715437 |
| &nbsp;&nbsp;&nbsp;Pool 2025-145, 4.75%, 02/16/2066 | 4281981 | 4272041 |
| &nbsp;&nbsp;&nbsp;Pool 2023-177 V, 5.00%, 08/16/2040 | 1374776 | 1379385 |
| &nbsp;&nbsp;&nbsp;Pool 2023-177 A, 5.00%, 09/16/2051 | 1741058 | 1751247 |
| &nbsp;&nbsp;&nbsp;Pool 2025-129, 5.00%, 09/16/2054 | 995646 | 1001598 |
| &nbsp;&nbsp;&nbsp;Pool 2025-49 AD, 5.00%, 09/16/2054 | 1784586 | 1795128 |
| &nbsp;&nbsp;&nbsp;Pool 2024-123 A, 5.00%, 03/16/2055 | 2351448 | 2365173 |
| &nbsp;&nbsp;&nbsp;Pool 2025-75 AC, 5.00%, 07/16/2056 (b) | 1475585 | 1484620 |
| &nbsp;&nbsp;&nbsp;Pool 2025-128, 5.00%, 10/16/2056 | 2908756 | 2926031 |
| &nbsp;&nbsp;&nbsp;Pool 2025-144, 5.00%, 01/16/2059 | 2743459 | 2760486 |
| &nbsp;&nbsp;&nbsp;Pool 2025-123, 5.00%, 03/01/2064 | 996983 | 1003187 |
| &nbsp;&nbsp;&nbsp;Pool 2025-16, 5.00%, 06/01/2065 | 548641 | 552003 |
| &nbsp;&nbsp;&nbsp;Pool 2025-15, 5.00%, 08/16/2065 | 1153870 | 1158297 |
| &nbsp;&nbsp;&nbsp;Pool 2025-31, 5.00%, 04/16/2066 | 737735 | 742280 |
| &nbsp;&nbsp;&nbsp;Pool 699710, 5.43%, 07/15/2044 | 304336 | 304336 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **30** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 637911, 6.00%, 07/15/2035 | $247311 | $247311 |
| &nbsp;&nbsp;&nbsp;Pool 636413, 6.25%, 04/15/2036 | 448593 | 448593 |
|  |  | 444584253 |
| &nbsp;&nbsp;&nbsp;**GNMA Single Family - 0.32%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool G2 BV1487, 2.50%, 08/20/2050 | 143047 | 124129 |
| &nbsp;&nbsp;&nbsp;Pool G2 CE6248, 2.50%, 08/20/2051 | 174744 | 150697 |
| &nbsp;&nbsp;&nbsp;Pool AD1699, 3.00%, 02/15/2043 | 42792 | 39705 |
| &nbsp;&nbsp;&nbsp;Pool G2 AV5053, 3.00%, 10/20/2046 | 269886 | 246793 |
| &nbsp;&nbsp;&nbsp;Pool G2 AX5461, 3.00%, 12/20/2046 | 523013 | 478229 |
| &nbsp;&nbsp;&nbsp;Pool G2 AX5544, 3.00%, 01/20/2047 | 103723 | 94375 |
| &nbsp;&nbsp;&nbsp;Pool G2 BV1491, 3.00%, 08/20/2050 | 364539 | 328333 |
| &nbsp;&nbsp;&nbsp;Pool 779354, 3.50%, 06/15/2042 | 2152 | 2038 |
| &nbsp;&nbsp;&nbsp;Pool G2 AX5545, 3.50%, 01/20/2047 | 262106 | 246052 |
| &nbsp;&nbsp;&nbsp;Pool G2 BC5351, 3.50%, 09/20/2047 | 229833 | 215775 |
| &nbsp;&nbsp;&nbsp;Pool G2 BD9036, 3.50%, 11/20/2047 | 436989 | 410248 |
| &nbsp;&nbsp;&nbsp;Pool 737576, 4.00%, 11/15/2040 | 10068 | 9853 |
| &nbsp;&nbsp;&nbsp;Pool 737712, 4.00%, 12/15/2040 | 82213 | 80460 |
| &nbsp;&nbsp;&nbsp;Pool G2 757173, 4.00%, 12/20/2040 | 65927 | 64542 |
| &nbsp;&nbsp;&nbsp;Pool 737837, 4.00%, 01/15/2041 | 167303 | 163730 |
| &nbsp;&nbsp;&nbsp;Pool 759104, 4.00%, 01/15/2041 | 69263 | 67792 |
| &nbsp;&nbsp;&nbsp;Pool G2 759436, 4.00%, 01/20/2041 | 32839 | 32149 |
| &nbsp;&nbsp;&nbsp;Pool G2 759466, 4.00%, 01/20/2041 | 128708 | 126005 |
| &nbsp;&nbsp;&nbsp;Pool 759191, 4.00%, 02/15/2041 | 207220 | 202801 |
| &nbsp;&nbsp;&nbsp;Pool G2 759301, 4.00%, 02/20/2041 | 126183 | 123522 |
| &nbsp;&nbsp;&nbsp;Pool G2 763042, 4.00%, 04/20/2041 | 45012 | 44069 |
| &nbsp;&nbsp;&nbsp;Pool 738629, 4.00%, 08/15/2041 | 223060 | 218280 |
| &nbsp;&nbsp;&nbsp;Pool 738630, 4.00%, 08/15/2041 | 216541 | 211907 |
| &nbsp;&nbsp;&nbsp;Pool 770515, 4.00%, 08/15/2041 | 334040 | 326893 |
| &nbsp;&nbsp;&nbsp;Pool 738735, 4.00%, 09/15/2041 | 59459 | 58187 |
| &nbsp;&nbsp;&nbsp;Pool 738954, 4.00%, 11/15/2041 | 42547 | 41635 |
| &nbsp;&nbsp;&nbsp;Pool 778766, 4.00%, 01/15/2042 | 184788 | 180850 |
| &nbsp;&nbsp;&nbsp;Pool 778847, 4.00%, 02/15/2042 | 35130 | 34381 |
| &nbsp;&nbsp;&nbsp;Pool AF3781, 4.00%, 09/15/2043 | 261164 | 254292 |
| &nbsp;&nbsp;&nbsp;Pool AG8734, 4.00%, 12/15/2043 | 82099 | 79950 |
| &nbsp;&nbsp;&nbsp;Pool G2 BH0074, 4.00%, 06/20/2048 | 673128 | 649877 |
| &nbsp;&nbsp;&nbsp;Pool G2 BI3170, 4.00%, 07/20/2048 | 84758 | 81905 |
| &nbsp;&nbsp;&nbsp;Pool 717198, 4.50%, 06/15/2039 | 131857 | 132705 |
| &nbsp;&nbsp;&nbsp;Pool 714594, 4.50%, 07/15/2039 | 25736 | 25883 |
| &nbsp;&nbsp;&nbsp;Pool 720208, 4.50%, 07/15/2039 | 93335 | 93900 |
| &nbsp;&nbsp;&nbsp;Pool 726402, 4.50%, 10/15/2039 | 11632 | 11683 |
| &nbsp;&nbsp;&nbsp;Pool 728954, 4.50%, 12/15/2039 | 94353 | 94778 |
| &nbsp;&nbsp;&nbsp;Pool 729017, 4.50%, 01/15/2040 | 171237 | 172504 |
| &nbsp;&nbsp;&nbsp;Pool 737051, 4.50%, 03/15/2040 | 54535 | 54906 |
| &nbsp;&nbsp;&nbsp;Pool 737222, 4.50%, 05/15/2040 | 98737 | 99419 |
| &nbsp;&nbsp;&nbsp;Pool 698160, 4.50%, 07/15/2040 | 50821 | 51166 |
| &nbsp;&nbsp;&nbsp;Pool 748456, 4.50%, 08/15/2040 | 98604 | 99285 |
| &nbsp;&nbsp;&nbsp;Pool 738152, 4.50%, 04/15/2041 | 269784 | 271609 |
| &nbsp;&nbsp;&nbsp;Pool 738267, 4.50%, 05/15/2041 | 103231 | 103933 |
| &nbsp;&nbsp;&nbsp;Pool 763543, 4.50%, 05/15/2041 | 68305 | 68772 |
| &nbsp;&nbsp;&nbsp;Pool 738397, 4.50%, 06/15/2041 | 213004 | 214452 |
| &nbsp;&nbsp;&nbsp;Pool 770396, 4.50%, 06/15/2041 | 45188 | 45497 |
| &nbsp;&nbsp;&nbsp;Pool G2 783417, 4.50%, 08/20/2041 | 1393225 | 1402661 |
| &nbsp;&nbsp;&nbsp;Pool G2 BH0075, 4.50%, 06/20/2048 | 170886 | 169951 |
| &nbsp;&nbsp;&nbsp;Pool 411105, 5.00%, 01/15/2039 | 21460 | 21829 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **31** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 439079, 5.00%, 02/15/2039 | $62671 | $64093 |
| &nbsp;&nbsp;&nbsp;Pool 646728, 5.00%, 03/15/2039 | 63777 | 64791 |
| &nbsp;&nbsp;&nbsp;Pool 646750, 5.00%, 04/15/2039 | 47047 | 47806 |
| &nbsp;&nbsp;&nbsp;Pool 646777, 5.00%, 05/15/2039 | 30235 | 30560 |
| &nbsp;&nbsp;&nbsp;Pool 720288, 5.00%, 08/15/2039 | 76595 | 77857 |
| &nbsp;&nbsp;&nbsp;Pool 722944, 5.00%, 08/15/2039 | 47795 | 48501 |
| &nbsp;&nbsp;&nbsp;Pool 723006, 5.00%, 10/15/2039 | 112440 | 114744 |
| &nbsp;&nbsp;&nbsp;Pool 726403, 5.00%, 10/15/2039 | 20652 | 20988 |
| &nbsp;&nbsp;&nbsp;Pool 658393, 5.00%, 06/15/2040 | 157079 | 161214 |
| &nbsp;&nbsp;&nbsp;Pool G2 783418, 5.00%, 06/20/2040 | 909669 | 933604 |
| &nbsp;&nbsp;&nbsp;Pool 684677, 5.50%, 03/15/2038 | 63684 | 65495 |
| &nbsp;&nbsp;&nbsp;Pool G2 688636, 5.50%, 05/20/2038 | 55584 | 58166 |
| &nbsp;&nbsp;&nbsp;Pool 690974, 5.50%, 06/15/2038 | 33724 | 34426 |
| &nbsp;&nbsp;&nbsp;Pool G2 409120, 5.50%, 07/20/2038 | 44275 | 46332 |
| &nbsp;&nbsp;&nbsp;Pool G2 700671, 5.50%, 10/20/2038 | 57915 | 60605 |
| &nbsp;&nbsp;&nbsp;Pool 411116, 5.50%, 01/15/2039 | 114676 | 118830 |
| &nbsp;&nbsp;&nbsp;Pool G2 684988, 6.00%, 03/20/2038 | 65904 | 69714 |
| &nbsp;&nbsp;&nbsp;Pool 688626, 6.00%, 05/15/2038 | 88234 | 91878 |
| &nbsp;&nbsp;&nbsp;Pool G2 693900, 6.00%, 07/20/2038 | 107713 | 113940 |
| &nbsp;&nbsp;&nbsp;Pool 696513, 6.00%, 08/15/2038 | 28540 | 29452 |
| &nbsp;&nbsp;&nbsp;Pool G2 696843, 6.00%, 08/20/2038 | 46617 | 49313 |
| &nbsp;&nbsp;&nbsp;Pool 699255, 6.00%, 09/15/2038 | 111792 | 116821 |
| &nbsp;&nbsp;&nbsp;Pool 705999, 6.00%, 01/15/2039 | 74567 | 77743 |
| &nbsp;&nbsp;&nbsp;Pool G2 DD4719, 6.00%, 08/20/2054 | 912710 | 931132 |
| &nbsp;&nbsp;&nbsp;Pool G2 DD4718, 6.50%, 08/20/2054 | 504160 | 520153 |
| &nbsp;&nbsp;&nbsp;Pool G2 530199, 7.00%, 03/20/2031 | 26393 | 27879 |
|  |  | 12500424 |
| &nbsp;&nbsp;&nbsp;**HUD - 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool 0620, 5.77%, 08/01/2026 | 297000 | 297746 |
| &nbsp;&nbsp;&nbsp;**Small Business Administration - 0.29%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool American, 1.25%, 04/11/2038 (b) | 495332 | 499134 |
| &nbsp;&nbsp;&nbsp;Pool Cleburne, 1.25%, 07/15/2038 (b) | 377560 | 381370 |
| &nbsp;&nbsp;&nbsp;Pool Chicago Taxi Parts, 1.48%, 04/29/2034 (b) | 180237 | 185667 |
| &nbsp;&nbsp;&nbsp;Pool Premie, 2.96%, 08/29/2038 (b) | 539555 | 575983 |
| &nbsp;&nbsp;&nbsp;Pool 507253, 4.50%, (PRIME-2.750%), 05/25/2030 (b) | 8342 | 8281 |
| &nbsp;&nbsp;&nbsp;Pool 508206, 4.60%, (PRIME-2.650%), 09/25/2032 (b) | 9550 | 9494 |
| &nbsp;&nbsp;&nbsp;Pool 508506, 4.63%, (PRIME-2.625%), 06/25/2033 (b) | 16984 | 16894 |
| &nbsp;&nbsp;&nbsp;Pool 530311, 4.70%, (PRIME-2.550%), 04/25/2033 (b) | 1471364 | 1468347 |
| &nbsp;&nbsp;&nbsp;Pool 509348, 5.00%, (PRIME-2.000%), 02/25/2038 (b) | 241512 | 242676 |
| &nbsp;&nbsp;&nbsp;Pool 509573, 5.00%, (PRIME-2.000%), 09/25/2039 (b) | 735691 | 739817 |
| &nbsp;&nbsp;&nbsp;Pool 509391, 5.25%, (PRIME-2.000%), 06/25/2038 (b) | 187292 | 188221 |
| &nbsp;&nbsp;&nbsp;Pool 509417, 5.25%, (PRIME-2.000%), 10/25/2038 (b) | 247112 | 248345 |
| &nbsp;&nbsp;&nbsp;Pool 509460, 5.25%, (PRIME-2.000%), 01/25/2039 (b) | 237042 | 238260 |
| &nbsp;&nbsp;&nbsp;Pool 509541, 5.25%, (PRIME-2.000%), 08/25/2039 (b) | 52304 | 52601 |
| &nbsp;&nbsp;&nbsp;Pool 509575, 5.25%, (PRIME-2.000%), 10/25/2039 (b) | 795223 | 799866 |
| &nbsp;&nbsp;&nbsp;Pool 509661, 5.25%, (PRIME-2.000%), 03/25/2040 (b) | 257070 | 258605 |
| &nbsp;&nbsp;&nbsp;Pool 509688, 5.25%, (PRIME-2.000%), 08/25/2040 (b) | 259311 | 260882 |
| &nbsp;&nbsp;&nbsp;Pool 509735, 5.25%, (PRIME-2.000%), 09/25/2040 (b) | 524348 | 527483 |
| &nbsp;&nbsp;&nbsp;Pool 509760, 5.25%, (PRIME-2.000%), 11/25/2040 (b) | 816525 | 821392 |
| &nbsp;&nbsp;&nbsp;Pool 509977, 5.65%, (PRIME-1.600%), 03/25/2042 (b) | 46836 | 47555 |
| &nbsp;&nbsp;&nbsp;Pool 510004, 6.00%, (PRIME-1.250%), 05/25/2042 (b) | 83282 | 85119 |
| &nbsp;&nbsp;&nbsp;Pool 509793, 6.11%, (PRIME-1.144%), 01/25/2041 (b) | 605815 | 624844 |
| &nbsp;&nbsp;&nbsp;Pool 510051, 6.50%, (PRIME-0.750%), 07/25/2042 (b) | 93321 | 96693 |
| &nbsp;&nbsp;&nbsp;Pool 509010, 6.58%, (PRIME-0.675%), 01/25/2036 (b) | 20576 | 21078 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **32** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 522124, 6.97%, (PRIME-0.180%), 02/25/2040 (b) | $140988 | $145872 |
| &nbsp;&nbsp;&nbsp;Pool 510047, 7.08%, (PRIME-0.171%), 09/25/2042 (b) | 300406 | 317042 |
| &nbsp;&nbsp;&nbsp;Pool 509900, 7.15%, (PRIME-0.098%), 03/25/2042 (b) | 792423 | 824505 |
| &nbsp;&nbsp;&nbsp;Pool 522305, 7.37%, (PRIME+0.182%), 11/25/2028 (b) | 51950 | 52462 |
| &nbsp;&nbsp;&nbsp;Pool 509967, 7.65%, (PRIME+0.402%), 03/25/2032 (b) | 73040 | 75500 |
| &nbsp;&nbsp;&nbsp;Pool 522194, 7.69%, (PRIME+0.624%), 09/25/2040 (b) | 35393 | 37027 |
| &nbsp;&nbsp;&nbsp;Pool 521967, 7.77%, (PRIME+0.515%), 06/25/2038 (b) | 308419 | 323658 |
| &nbsp;&nbsp;&nbsp;Pool 521884, 7.85%, (PRIME+0.772%), 08/25/2037 (b) | 72734 | 76690 |
| &nbsp;&nbsp;&nbsp;Pool 522053, 7.86%, (PRIME+0.577%), 05/25/2026 (b) | 199 | 199 |
| &nbsp;&nbsp;&nbsp;Pool 522317, 7.88%, (PRIME+0.963%), 03/25/2029 (b) | 39337 | 39947 |
| &nbsp;&nbsp;&nbsp;Pool 521970, 7.89%, (PRIME+0.913%), 07/25/2038 (b) | 41446 | 43803 |
| &nbsp;&nbsp;&nbsp;Pool 522440, 7.98%, (PRIME+0.575%), 07/25/2029 (b) | 65548 | 66724 |
| &nbsp;&nbsp;&nbsp;Pool 521919, 7.98%, (PRIME+0.807%), 12/25/2037 (b) | 17215 | 18228 |
| &nbsp;&nbsp;&nbsp;Pool 521984, 8.01%, (PRIME+0.578%), 10/25/2038 (b) | 54625 | 57492 |
| &nbsp;&nbsp;&nbsp;Pool 522328, 8.04%, (PRIME+0.917%), 05/25/2029 (b) | 3904 | 3978 |
| &nbsp;&nbsp;&nbsp;Pool 521860, 8.06%, (PRIME+0.913%), 03/25/2037 (b) | 96270 | 101288 |
| &nbsp;&nbsp;&nbsp;Pool 510056, 8.08%, (PRIME+0.829%), 08/25/2042 (b) | 62000 | 66210 |
| &nbsp;&nbsp;&nbsp;Pool 522423, 8.11%, (PRIME+0.785%), 12/25/2028 (b) | 73547 | 74921 |
| &nbsp;&nbsp;&nbsp;Pool 522029, 8.13%, (PRIME+0.947%), 02/25/2039 (b) | 10836 | 11527 |
| &nbsp;&nbsp;&nbsp;Pool 522371, 8.15%, (PRIME+0.789%), 10/25/2029 (b) | 18592 | 19064 |
| &nbsp;&nbsp;&nbsp;Pool 522268, 8.17%, (PRIME+0.916%), 01/25/2029 (b) | 105016 | 106992 |
| &nbsp;&nbsp;&nbsp;Pool 522156, 8.23%, (PRIME+0.983%), 05/25/2040 (b) | 95162 | 100811 |
| &nbsp;&nbsp;&nbsp;Pool 522387, 8.29%, (PRIME+0.967%), 01/25/2030 (b) | 44300 | 45635 |
| &nbsp;&nbsp;&nbsp;Pool 522150, 8.33%, (PRIME+1.205%), 02/25/2026 (b) | 31 | 31 |
| &nbsp;&nbsp;&nbsp;Pool 522158, 8.36%, (PRIME+0.879%), 01/25/2027 (b) | 1928 | 1931 |
| &nbsp;&nbsp;&nbsp;Pool 522282, 8.39%, (PRIME+1.136%), 09/25/2028 (b) | 16125 | 16282 |
| &nbsp;&nbsp;&nbsp;Pool 522327, 8.50%, (PRIME+1.192%), 05/25/2029 (b) | 91070 | 93099 |
|  |  | 11119525 |
| &nbsp;&nbsp;&nbsp;**Small Business Administration Participation Certificates - 0.67%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool 2020-10D, 0.81%, 07/01/2030 | 1150448 | 1076836 |
| &nbsp;&nbsp;&nbsp;Pool 2022-20B, 2.22%, 02/01/2042 | 8117659 | 7202070 |
| &nbsp;&nbsp;&nbsp;Pool 2015-20C, 2.72%, 03/01/2035 | 20488 | 19509 |
| &nbsp;&nbsp;&nbsp;Pool 2012-20A, 2.76%, 01/01/2032 | 6916 | 6704 |
| &nbsp;&nbsp;&nbsp;Pool 2016-20L, 2.81%, 12/01/2036 | 168926 | 160324 |
| &nbsp;&nbsp;&nbsp;Pool 2017-20F, 2.81%, 06/01/2037 | 3757146 | 3541489 |
| &nbsp;&nbsp;&nbsp;Pool 2017-20C, 3.04%, 03/01/2037 | 2488754 | 2372641 |
| &nbsp;&nbsp;&nbsp;Pool 2014-20D, 3.11%, 04/01/2034 | 821588 | 793834 |
| &nbsp;&nbsp;&nbsp;Pool 2010-20K, 3.25%, 11/01/2030 | 3061 | 3006 |
| &nbsp;&nbsp;&nbsp;Pool 2018-20E, 3.50%, 05/01/2038 | 6446677 | 6163594 |
| &nbsp;&nbsp;&nbsp;Pool 2013-20I, 3.62%, 09/01/2033 | 161680 | 158669 |
| &nbsp;&nbsp;&nbsp;Pool 2009-20J, 3.92%, 10/01/2029 | 830673 | 828909 |
| &nbsp;&nbsp;&nbsp;Pool 2010-20E, 4.11%, 05/01/2030 | 30153 | 30180 |
| &nbsp;&nbsp;&nbsp;Pool 2011-20B, 4.22%, 02/01/2031 | 152095 | 152519 |
| &nbsp;&nbsp;&nbsp;Pool 2009-20D, 4.31%, 04/01/2029 | 134492 | 134958 |
| &nbsp;&nbsp;&nbsp;Pool 2023-10F, 5.47%, 11/01/2033 | 2852864 | 2959560 |
| &nbsp;&nbsp;&nbsp;Pool 2008-20C, 5.49%, 03/01/2028 | 1125 | 1142 |
| &nbsp;&nbsp;&nbsp;Pool 2008-20E, 5.49%, 05/01/2028 | 3083 | 3133 |
|  |  | 25609077 |
| &nbsp;&nbsp;&nbsp;**Small Business Investment Company Certificates - 0.28%** |  |  |
| &nbsp;&nbsp;&nbsp;Pool 2016-10B, 2.05%, 09/10/2026 | 1084489 | 1068478 |
| &nbsp;&nbsp;&nbsp;Pool 2022-10A, 2.94%, 03/10/2032 | 3444628 | 3282619 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **33** 

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;Pool 2022-10B, 4.26%, 09/10/2032 | $2084902 | $2095369 |
| &nbsp;&nbsp;&nbsp;Pool 2023-10A, 5.17%, 03/10/2033 | 4274692 | 4383755 |
|  |  | 10830221 |
| &nbsp;&nbsp;&nbsp;**TOTAL U.S. GOVERNMENT & AGENCY OBLIGATIONS (Cost $2,404,421,777)** |  | 2274334194 |
| **CORPORATE BONDS - 13.70%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services - 2.21%** |  |  |
| &nbsp;&nbsp;&nbsp;**Comcast Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;4.65%, 02/15/2033 | 82237000 | 82633879 |
| &nbsp;&nbsp;&nbsp;**Verizon Communications** |  |  |
| &nbsp;&nbsp;&nbsp;5.05%, 05/09/2033 | 2274000 | 2345288 |
|  |  | 84979167 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary - 2.66%** |  |  |
| &nbsp;&nbsp;&nbsp;**Bridge Housing Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;3.25%, 07/15/2030 | 5000000 | 4705736 |
| &nbsp;&nbsp;&nbsp;5.32%, 07/15/2035 | 3985000 | 4032733 |
| &nbsp;&nbsp;&nbsp;**J Paul Getty Trust** |  |  |
| &nbsp;&nbsp;&nbsp;4.91%, 04/01/2035 | 1410000 | 1453693 |
| &nbsp;&nbsp;&nbsp;**National Community Renaissance of California** |  |  |
| &nbsp;&nbsp;&nbsp;3.27%, 12/01/2032 | 7840000 | 6944516 |
| &nbsp;&nbsp;&nbsp;**Preservation of Affordable Housing** |  |  |
| &nbsp;&nbsp;&nbsp;4.48%, 12/01/2032 | 5100000 | 4886002 |
| &nbsp;&nbsp;&nbsp;**Toyota Motor Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;4.45%, 06/30/2030 | 51255000 | 52020000 |
| &nbsp;&nbsp;&nbsp;5.05%, 06/30/2035 | 21959000 | 22708892 |
| &nbsp;&nbsp;&nbsp;5.12%, 07/13/2028 | 5690000 | 5866881 |
|  |  | 102618453 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples - 0.36%** |  |  |
| &nbsp;&nbsp;&nbsp;**Walmart** |  |  |
| &nbsp;&nbsp;&nbsp;1.80%, 09/22/2031 | 15336000 | 13709471 |
| &nbsp;&nbsp;&nbsp;**Financials - 4.54%** |  |  |
| &nbsp;&nbsp;&nbsp;**American Express** |  |  |
| &nbsp;&nbsp;&nbsp;4.05%, 05/03/2029 | 44114000 | 44391758 |
| &nbsp;&nbsp;&nbsp;**Andrew W Mellon Foundation** |  |  |
| &nbsp;&nbsp;&nbsp;0.95%, 08/01/2027 | 20238000 | 19356427 |
| &nbsp;&nbsp;&nbsp;**Bank of America Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;6.20%, SOFRRATE + 1.990%, 11/10/2028 (b) | 48046000 | 49953192 |
| &nbsp;&nbsp;&nbsp;**Capital Impact Partners** |  |  |
| &nbsp;&nbsp;&nbsp;5.70%, 07/15/2026 | 1000000 | 1001045 |
| &nbsp;&nbsp;&nbsp;**Century Housing Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;5.05%, 06/15/2028 | 3929000 | 3955810 |
| &nbsp;&nbsp;&nbsp;**M&T Bank Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;4.83%, SOFRRATE + 0.930%, 01/16/2029 (b) | 17798000 | 18044309 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Higher Education Assistance Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;2.67%, 07/01/2031 | 6000000 | 5288693 |
| &nbsp;&nbsp;&nbsp;**Metropolitan Life Global Funding I** |  |  |
| &nbsp;&nbsp;&nbsp;4.40%, 06/30/2027 (c) | 14695000 | 14787800 |
| &nbsp;&nbsp;&nbsp;**Toronto-Dominion Bank** |  |  |
| &nbsp;&nbsp;&nbsp;5.26%, 12/11/2026 | 4539000 | 4598288 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **34** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;**USAA Capital Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;2.13%, 05/01/2030 (c) | $14399000 | $13326547 |
|  |  | 174703869 |
| &nbsp;&nbsp;&nbsp;**Information Technology - 0.57%** |  |  |
| &nbsp;&nbsp;&nbsp;**salesforce.com** |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 07/15/2028 | 23297000 | 22022626 |
| &nbsp;&nbsp;&nbsp;**Real Estate - 3.36%** |  |  |
| &nbsp;&nbsp;&nbsp;**ERP Operating** |  |  |
| &nbsp;&nbsp;&nbsp;4.15%, 12/01/2028 | 1000000 | 1004989 |
| &nbsp;&nbsp;&nbsp;**Prologis** |  |  |
| &nbsp;&nbsp;&nbsp;1.25%, 10/15/2030 | 53216000 | 46648225 |
| &nbsp;&nbsp;&nbsp;4.63%, 01/15/2033 | 80259000 | 81304126 |
|  |  | 128957340 |
| &nbsp;&nbsp;&nbsp;**TOTAL CORPORATE BONDS (Cost $526,127,536)** |  | 526990926 |
| **MUNICIPAL BONDS - 12.92%** |  |  |
| &nbsp;&nbsp;&nbsp;**California - 0.72%** |  |  |
| &nbsp;&nbsp;&nbsp;**Alameda County, Ser A, GO** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 02/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.753%, 08/01/2032 | 1425000 | 1400069 |
| &nbsp;&nbsp;&nbsp;**Alameda County, Ser B, GO** |  |  |
| &nbsp;&nbsp;&nbsp;3.649%, 08/01/2030 | 325000 | 321406 |
| &nbsp;&nbsp;&nbsp;3.460%, 08/01/2027 | 685000 | 681478 |
| &nbsp;&nbsp;&nbsp;3.410%, 08/01/2026 | 1250000 | 1246177 |
| &nbsp;&nbsp;&nbsp;**California State Health Facilities Financing Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.478%, 06/01/2029 | 2500000 | 2470047 |
| &nbsp;&nbsp;&nbsp;3.378%, 06/01/2028 | 1915000 | 1900197 |
| &nbsp;&nbsp;&nbsp;2.534%, 06/01/2028 | 1050000 | 1020909 |
| &nbsp;&nbsp;&nbsp;1.829%, 06/01/2029 | 5975000 | 5595313 |
| &nbsp;&nbsp;&nbsp;1.168%, 06/01/2026 | 1660000 | 1638613 |
| &nbsp;&nbsp;&nbsp;**California State Health Facilities Financing Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 06/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.704%, 06/01/2030 | 2460000 | 2340601 |
| &nbsp;&nbsp;&nbsp;**Emeryville California, Ser 2018, GO** |  |  |
| &nbsp;&nbsp;&nbsp;6.000%, 08/01/2028 | 310000 | 328249 |
| &nbsp;&nbsp;&nbsp;**Los Angeles City, Ser A, GO** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 09/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.690%, 09/01/2029 | 555000 | 551971 |
| &nbsp;&nbsp;&nbsp;**Los Angeles County Redevelopment Refunding Authority, Ser B, TA** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 09/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.750%, 09/01/2031 | 605000 | 598479 |
| &nbsp;&nbsp;&nbsp;3.500%, 09/01/2027 | 250000 | 248025 |
| &nbsp;&nbsp;&nbsp;**San Diego Unified School District, Ser ZR-1, GO** |  |  |
| &nbsp;&nbsp;&nbsp;1.599%, 07/01/2028 | 1250000 | 1187445 |
| &nbsp;&nbsp;&nbsp;**San Francisco City & County Redevelopment Agency Successor Agency, Ser A, TA** |  |  |
| &nbsp;&nbsp;&nbsp;3.633%, 08/01/2026 | 575000 | 573693 |
| &nbsp;&nbsp;&nbsp;2.071%, 08/01/2027 | 4125000 | 4004514 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **35** 

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;**San Francisco City & County, Ser C, GO** |  |  |
| &nbsp;&nbsp;&nbsp;1.805%, 06/15/2030 | $400000 | $366112 |
| &nbsp;&nbsp;&nbsp;1.705%, 06/15/2029 | 410000 | 382233 |
| &nbsp;&nbsp;&nbsp;1.555%, 06/15/2028 | 250000 | 237024 |
| &nbsp;&nbsp;&nbsp;1.324%, 06/15/2027 | 450000 | 433723 |
| &nbsp;&nbsp;&nbsp;1.104%, 06/15/2026 | 245000 | 241338 |
|  |  | 27767616 |
| &nbsp;&nbsp;&nbsp;**Colorado - 0.44%** |  |  |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 11/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.000%, 08/01/2047 | 81301 | 65425 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser A-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.984%, 11/01/2029 | 215000 | 224072 |
| &nbsp;&nbsp;&nbsp;4.934%, 05/01/2029 | 390000 | 404604 |
| &nbsp;&nbsp;&nbsp;4.816%, 11/01/2027 | 245000 | 250177 |
| &nbsp;&nbsp;&nbsp;4.804%, 05/01/2028 | 200000 | 205164 |
| &nbsp;&nbsp;&nbsp;4.766%, 05/01/2027 | 15000 | 15215 |
| &nbsp;&nbsp;&nbsp;4.554%, 11/01/2028 | 705000 | 721435 |
| &nbsp;&nbsp;&nbsp;4.504%, 05/01/2028 | 650000 | 662312 |
| &nbsp;&nbsp;&nbsp;4.464%, 11/01/2027 | 285000 | 289183 |
| &nbsp;&nbsp;&nbsp;4.434%, 05/01/2027 | 1000000 | 1009782 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser B-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.065%, 11/01/2030 | 445000 | 452529 |
| &nbsp;&nbsp;&nbsp;5.025%, 05/01/2030 | 85000 | 86310 |
| &nbsp;&nbsp;&nbsp;4.923%, 11/01/2029 | 60000 | 60754 |
| &nbsp;&nbsp;&nbsp;4.883%, 05/01/2029 | 255000 | 257850 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser F1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.715%, 11/01/2029 | 630000 | 635371 |
| &nbsp;&nbsp;&nbsp;4.665%, 05/01/2029 | 750000 | 771671 |
| &nbsp;&nbsp;&nbsp;4.645%, 11/01/2028 | 745000 | 764225 |
| &nbsp;&nbsp;&nbsp;4.585%, 05/01/2028 | 700000 | 714722 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser H-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.117%, 11/01/2027 | 1105000 | 1119716 |
| &nbsp;&nbsp;&nbsp;5.017%, 05/01/2027 | 2190000 | 2208967 |
| &nbsp;&nbsp;&nbsp;4.967%, 11/01/2026 | 1135000 | 1140900 |
| &nbsp;&nbsp;&nbsp;4.917%, 05/01/2026 | 815000 | 816652 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 06/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.850%, 07/01/2057 | 2042970 | 1755237 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser K-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.254%, 11/01/2029 | 255000 | 261236 |
| &nbsp;&nbsp;&nbsp;5.214%, 05/01/2029 | 435000 | 444548 |
| &nbsp;&nbsp;&nbsp;5.191%, 11/01/2028 | 265000 | 270213 |
| &nbsp;&nbsp;&nbsp;5.131%, 05/01/2028 | 30000 | 30489 |
| &nbsp;&nbsp;&nbsp;5.101%, 11/01/2027 | 985000 | 997767 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser N-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.272%, 05/01/2026 | 330000 | 331147 |
| &nbsp;&nbsp;&nbsp;**Colorado State Housing & Finance Authority, Ser V, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.400%, 11/01/2045 | 134609 | 122379 |
|  |  | 17090052 |
| &nbsp;&nbsp;&nbsp;**Connecticut - 0.16%** |  |  |
| &nbsp;&nbsp;&nbsp;**Connecticut State Housing Finance Authority, Ser A-2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.860%, 11/15/2030 | 115000 | 119733 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **36** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;**Connecticut State Housing Finance Authority, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.188%, 11/15/2030 | $1410000 | $1488560 |
| &nbsp;&nbsp;&nbsp;5.138%, 05/15/2030 | 1430000 | 1503644 |
| &nbsp;&nbsp;&nbsp;5.064%, 11/15/2029 | 385000 | 402717 |
| &nbsp;&nbsp;&nbsp;5.044%, 05/15/2029 | 1365000 | 1421751 |
| &nbsp;&nbsp;&nbsp;**Connecticut State Housing Finance Authority, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.309%, 05/15/2031 | 1000000 | 1013650 |
| &nbsp;&nbsp;&nbsp;**Connecticut State Housing Finance Authority, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.695%, 05/15/2030 | 200000 | 206699 |
|  |  | 6156754 |
| &nbsp;&nbsp;&nbsp;**Delaware - 0.07%** |  |  |
| &nbsp;&nbsp;&nbsp;**Delaware State Housing Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.480%, 07/01/2048 | 2799069 | 2727191 |
| &nbsp;&nbsp;&nbsp;**District of Columbia - 0.06%** |  |  |
| &nbsp;&nbsp;&nbsp;**District of Columbia Housing Finance Agency, Ser 2014-A, Cl A** |  |  |
| &nbsp;&nbsp;&nbsp;3.875%, 06/15/2045 | 175219 | 171388 |
| &nbsp;&nbsp;&nbsp;**District of Columbia Housing Finance Agency, Ser 2017-A, Cl A** |  |  |
| &nbsp;&nbsp;&nbsp;3.236%, 03/01/2049 | 2078490 | 1953003 |
|  |  | 2124391 |
| &nbsp;&nbsp;&nbsp;**Florida - 0.30%** |  |  |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser 1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/19/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.125%, 07/01/2037 | 1522224 | 1446412 |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser 2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.159%, 07/01/2033 | 70000 | 73079 |
| &nbsp;&nbsp;&nbsp;5.129%, 01/01/2033 | 205000 | 214146 |
| &nbsp;&nbsp;&nbsp;5.128%, 07/01/2032 | 95000 | 97127 |
| &nbsp;&nbsp;&nbsp;5.078%, 01/01/2032 | 75000 | 76530 |
| &nbsp;&nbsp;&nbsp;5.053%, 07/01/2031 | 140000 | 142703 |
| &nbsp;&nbsp;&nbsp;5.013%, 01/01/2031 | 140000 | 142492 |
| &nbsp;&nbsp;&nbsp;4.969%, 01/01/2032 | 390000 | 405993 |
| &nbsp;&nbsp;&nbsp;4.963%, 07/01/2030 | 60000 | 60952 |
| &nbsp;&nbsp;&nbsp;4.913%, 01/01/2030 | 80000 | 81131 |
| &nbsp;&nbsp;&nbsp;4.840%, 01/01/2029 | 505000 | 510828 |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser 2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.279%, 07/01/2034 | 245000 | 255329 |
| &nbsp;&nbsp;&nbsp;5.229%, 01/01/2034 | 270000 | 281804 |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser 4, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.941%, 01/01/2031 | 900000 | 913981 |
| &nbsp;&nbsp;&nbsp;4.891%, 07/01/2030 | 765000 | 775567 |
| &nbsp;&nbsp;&nbsp;4.866%, 07/01/2029 | 565000 | 572033 |
| &nbsp;&nbsp;&nbsp;4.841%, 01/01/2030 | 845000 | 855311 |
| &nbsp;&nbsp;&nbsp;4.816%, 01/01/2029 | 715000 | 722646 |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser 6, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.763%, 07/01/2028 | 5000 | 5151 |
| &nbsp;&nbsp;&nbsp;5.613%, 01/01/2027 | 355000 | 359393 |
| &nbsp;&nbsp;&nbsp;4.759%, 07/01/2033 | 245000 | 249468 |
| &nbsp;&nbsp;&nbsp;4.709%, 01/01/2033 | 370000 | 377094 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **37** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;4.659%, 07/01/2032 | $150000 | $153074 |
| &nbsp;&nbsp;&nbsp;4.609%, 01/01/2032 | 340000 | 347323 |
| &nbsp;&nbsp;&nbsp;4.448%, 01/01/2031 | 320000 | 326290 |
| &nbsp;&nbsp;&nbsp;4.298%, 01/01/2030 | 200000 | 203258 |
| &nbsp;&nbsp;&nbsp;4.298%, 07/01/2030 | 130000 | 131957 |
| &nbsp;&nbsp;&nbsp;4.154%, 07/01/2029 | 160000 | 161870 |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.450%, 01/01/2043 | 13357 | 12595 |
| &nbsp;&nbsp;&nbsp;**Florida State Housing Finance Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.550%, 01/01/2043 | 760598 | 679833 |
| &nbsp;&nbsp;&nbsp;**Miami Beach Florida, Ser B, GO** |  |  |
| &nbsp;&nbsp;&nbsp;4.674%, 05/01/2029 | 510000 | 524768 |
| &nbsp;&nbsp;&nbsp;**Miami-Dade County Housing Finance Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.875%, 11/01/2038 | 333431 | 286885 |
|  |  | 11447023 |
| &nbsp;&nbsp;&nbsp;**Georgia - 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;**Georgia Housing & Finance Authority, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.401%, 06/01/2031 | 290000 | 292562 |
| &nbsp;&nbsp;&nbsp;4.146%, 12/01/2030 | 280000 | 281151 |
|  |  | 573713 |
| &nbsp;&nbsp;&nbsp;**Illinois - 1.08%** |  |  |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser 2017-B, Cl 1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.210%, 12/01/2043 | 867903 | 708659 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.328%, 10/01/2030 | 60000 | 61540 |
| &nbsp;&nbsp;&nbsp;5.294%, 10/01/2031 | 725000 | 765564 |
| &nbsp;&nbsp;&nbsp;5.258%, 10/01/2029 | 280000 | 293827 |
| &nbsp;&nbsp;&nbsp;5.244%, 04/01/2031 | 500000 | 527027 |
| &nbsp;&nbsp;&nbsp;5.208%, 04/01/2029 | 190000 | 198313 |
| &nbsp;&nbsp;&nbsp;5.194%, 10/01/2030 | 555000 | 583509 |
| &nbsp;&nbsp;&nbsp;5.020%, 04/01/2026 | 500000 | 501844 |
| &nbsp;&nbsp;&nbsp;4.970%, 10/01/2026 | 50000 | 50471 |
| &nbsp;&nbsp;&nbsp;4.452%, 04/01/2029 | 1000000 | 1020272 |
| &nbsp;&nbsp;&nbsp;4.452%, 10/01/2029 | 1000000 | 1021125 |
| &nbsp;&nbsp;&nbsp;4.364%, 04/01/2028 | 2720000 | 2758983 |
| &nbsp;&nbsp;&nbsp;4.364%, 10/01/2028 | 2595000 | 2638039 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 04/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.129%, 10/01/2033 | 900000 | 932739 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;1.601%, 10/01/2027 | 400000 | 385189 |
| &nbsp;&nbsp;&nbsp;1.451%, 04/01/2027 | 540000 | 523971 |
| &nbsp;&nbsp;&nbsp;1.118%, 10/01/2026 | 215000 | 210302 |
| &nbsp;&nbsp;&nbsp;1.068%, 04/01/2026 | 470000 | 465660 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.186%, 10/01/2030 | 2100000 | 2207145 |
| &nbsp;&nbsp;&nbsp;5.136%, 04/01/2030 | 2035000 | 2131612 |
| &nbsp;&nbsp;&nbsp;5.094%, 10/01/2029 | 1955000 | 2040230 |
| &nbsp;&nbsp;&nbsp;5.044%, 04/01/2029 | 700000 | 727068 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **38** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.897%, 10/01/2029 | $1350000 | $1399460 |
| &nbsp;&nbsp;&nbsp;4.873%, 10/01/2032 | 750000 | 772538 |
| &nbsp;&nbsp;&nbsp;4.847%, 04/01/2029 | 1310000 | 1352641 |
| &nbsp;&nbsp;&nbsp;4.823%, 04/01/2032 | 665000 | 684773 |
| &nbsp;&nbsp;&nbsp;4.753%, 10/01/2031 | 500000 | 514200 |
| &nbsp;&nbsp;&nbsp;4.726%, 10/01/2028 | 720000 | 738788 |
| &nbsp;&nbsp;&nbsp;4.703%, 04/01/2031 | 500000 | 513790 |
| &nbsp;&nbsp;&nbsp;4.464%, 10/01/2030 | 675000 | 689068 |
| &nbsp;&nbsp;&nbsp;4.404%, 04/01/2030 | 525000 | 535139 |
| &nbsp;&nbsp;&nbsp;4.354%, 10/01/2029 | 540000 | 549507 |
| &nbsp;&nbsp;&nbsp;4.344%, 04/01/2029 | 300000 | 304988 |
| &nbsp;&nbsp;&nbsp;4.284%, 10/01/2027 | 1410000 | 1423335 |
| &nbsp;&nbsp;&nbsp;4.234%, 04/01/2027 | 365000 | 367164 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser H, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 10/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.937%, 04/01/2035 | 1920000 | 1933650 |
| &nbsp;&nbsp;&nbsp;4.817%, 10/01/2034 | 1700000 | 1712029 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.439%, 10/01/2029 | 80000 | 84462 |
| &nbsp;&nbsp;&nbsp;5.419%, 04/01/2029 | 370000 | 388610 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser J, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.927%, 10/01/2031 | 600000 | 622327 |
| &nbsp;&nbsp;&nbsp;4.877%, 04/01/2031 | 2595000 | 2690112 |
| &nbsp;&nbsp;&nbsp;4.817%, 10/01/2030 | 1250000 | 1293717 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser L, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.552%, 04/01/2026 | 575000 | 578121 |
| &nbsp;&nbsp;&nbsp;**Illinois State Housing Development Authority, Ser O, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.590%, 04/01/2028 | 550000 | 572824 |
| &nbsp;&nbsp;&nbsp;**Sales Tax Securitization Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.431%, 01/01/2027 | 1000000 | 1003992 |
| &nbsp;&nbsp;&nbsp;4.408%, 01/01/2026 | 158000 | 158028 |
|  |  | 41636352 |
| &nbsp;&nbsp;&nbsp;**Indiana - 0.60%** |  |  |
| &nbsp;&nbsp;&nbsp;**Indiana State Housing & Community Development Authority, Ser A-2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.789%, 07/01/2026 | 125000 | 125583 |
| &nbsp;&nbsp;&nbsp;4.785%, 07/01/2030 | 245000 | 252559 |
| &nbsp;&nbsp;&nbsp;4.779%, 01/01/2026 | 20000 | 20012 |
| &nbsp;&nbsp;&nbsp;4.775%, 07/01/2028 | 120000 | 122783 |
| &nbsp;&nbsp;&nbsp;4.735%, 01/01/2030 | 235000 | 241746 |
| &nbsp;&nbsp;&nbsp;4.685%, 01/01/2029 | 325000 | 332793 |
| &nbsp;&nbsp;&nbsp;4.685%, 07/01/2029 | 195000 | 200025 |
| &nbsp;&nbsp;&nbsp;4.652%, 01/01/2028 | 300000 | 305067 |
| &nbsp;&nbsp;&nbsp;4.652%, 07/01/2028 | 325000 | 331562 |
| &nbsp;&nbsp;&nbsp;4.593%, 07/01/2027 | 305000 | 308479 |
| &nbsp;&nbsp;&nbsp;4.532%, 07/01/2027 | 120000 | 121257 |
| &nbsp;&nbsp;&nbsp;4.523%, 01/01/2027 | 140000 | 140916 |
| &nbsp;&nbsp;&nbsp;4.493%, 01/01/2026 | 135000 | 135046 |
| &nbsp;&nbsp;&nbsp;4.493%, 07/01/2026 | 135000 | 135402 |
| &nbsp;&nbsp;&nbsp;4.482%, 01/01/2027 | 125000 | 125764 |
| &nbsp;&nbsp;&nbsp;**Indiana State Housing & Community Development Authority, Ser B-3, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.337%, 07/01/2031 | 140000 | 147764 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **39** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;5.287%, 01/01/2031 | $200000 | $210609 |
| &nbsp;&nbsp;&nbsp;5.237%, 07/01/2030 | 200000 | 209918 |
| &nbsp;&nbsp;&nbsp;5.139%, 07/01/2029 | 250000 | 260203 |
| &nbsp;&nbsp;&nbsp;5.089%, 01/01/2029 | 200000 | 207123 |
| &nbsp;&nbsp;&nbsp;5.039%, 07/01/2028 | 200000 | 205925 |
| &nbsp;&nbsp;&nbsp;5.032%, 07/01/2032 | 745000 | 771649 |
| &nbsp;&nbsp;&nbsp;4.990%, 07/01/2030 | 300000 | 311806 |
| &nbsp;&nbsp;&nbsp;4.982%, 01/01/2032 | 880000 | 911537 |
| &nbsp;&nbsp;&nbsp;4.940%, 01/01/2030 | 300000 | 310909 |
| &nbsp;&nbsp;&nbsp;4.890%, 07/01/2029 | 440000 | 454328 |
| &nbsp;&nbsp;&nbsp;4.840%, 01/01/2029 | 430000 | 442230 |
| &nbsp;&nbsp;&nbsp;4.832%, 01/01/2031 | 265000 | 273578 |
| &nbsp;&nbsp;&nbsp;4.819%, 07/01/2028 | 200000 | 204852 |
| &nbsp;&nbsp;&nbsp;4.769%, 01/01/2028 | 45000 | 45864 |
| &nbsp;&nbsp;&nbsp;4.658%, 07/01/2030 | 420000 | 430748 |
| &nbsp;&nbsp;&nbsp;4.588%, 01/01/2030 | 105000 | 107438 |
| &nbsp;&nbsp;&nbsp;**Indiana State Housing & Community Development Authority, Ser C-2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.336%, 07/01/2030 | 5000 | 5268 |
| &nbsp;&nbsp;&nbsp;5.322%, 07/01/2031 | 40000 | 42189 |
| &nbsp;&nbsp;&nbsp;5.286%, 01/01/2030 | 200000 | 209858 |
| &nbsp;&nbsp;&nbsp;5.206%, 01/01/2029 | 65000 | 67534 |
| &nbsp;&nbsp;&nbsp;4.859%, 07/01/2031 | 680000 | 701688 |
| &nbsp;&nbsp;&nbsp;4.819%, 01/01/2031 | 1330000 | 1372265 |
| &nbsp;&nbsp;&nbsp;4.779%, 07/01/2030 | 1280000 | 1319176 |
| &nbsp;&nbsp;&nbsp;4.729%, 01/01/2030 | 1235000 | 1270177 |
| &nbsp;&nbsp;&nbsp;4.694%, 07/01/2029 | 595000 | 610511 |
| &nbsp;&nbsp;&nbsp;4.604%, 01/01/2029 | 1150000 | 1174890 |
| &nbsp;&nbsp;&nbsp;**Indiana State Housing & Community Development Authority, Ser C-2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.827%, 07/01/2034 | 260000 | 262266 |
| &nbsp;&nbsp;&nbsp;4.777%, 01/01/2034 | 250000 | 252298 |
| &nbsp;&nbsp;&nbsp;**Indiana State Housing & Community Development Authority, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.370%, 07/01/2028 | 1135000 | 1150117 |
| &nbsp;&nbsp;&nbsp;4.300%, 01/01/2028 | 565000 | 570596 |
| &nbsp;&nbsp;&nbsp;**Indiana State Housing & Community Development Authority, Ser D-3, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.769%, 01/01/2029 | 725000 | 765022 |
| &nbsp;&nbsp;&nbsp;5.646%, 07/01/2028 | 50000 | 52221 |
| &nbsp;&nbsp;&nbsp;5.606%, 01/01/2028 | 335000 | 346999 |
| &nbsp;&nbsp;&nbsp;5.546%, 07/01/2027 | 10000 | 10259 |
| &nbsp;&nbsp;&nbsp;5.068%, 07/01/2032 | 600000 | 622685 |
| &nbsp;&nbsp;&nbsp;5.028%, 01/01/2032 | 890000 | 924066 |
| &nbsp;&nbsp;&nbsp;4.892%, 07/01/2031 | 855000 | 883660 |
| &nbsp;&nbsp;&nbsp;4.842%, 01/01/2031 | 855000 | 883064 |
| &nbsp;&nbsp;&nbsp;4.742%, 07/01/2030 | 745000 | 766659 |
| &nbsp;&nbsp;&nbsp;4.732%, 01/01/2030 | 475000 | 488583 |
|  |  | 23157526 |
| &nbsp;&nbsp;&nbsp;**Kentucky - 0.15%** |  |  |
| &nbsp;&nbsp;&nbsp;**Kentucky State Housing Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.500%, 01/01/2040 | 190000 | 189812 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **40** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;3.499%, 07/01/2031 | $595000 | $567163 |
| &nbsp;&nbsp;&nbsp;**Kentucky State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, 07/01/2037 | 420000 | 419744 |
| &nbsp;&nbsp;&nbsp;**Kentucky State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.162%, 07/01/2031 | 100000 | 105224 |
| &nbsp;&nbsp;&nbsp;5.132%, 01/01/2031 | 200000 | 210178 |
| &nbsp;&nbsp;&nbsp;5.082%, 07/01/2030 | 80000 | 83807 |
| &nbsp;&nbsp;&nbsp;4.920%, 01/01/2030 | 225000 | 233957 |
| &nbsp;&nbsp;&nbsp;4.900%, 07/01/2029 | 130000 | 134745 |
| &nbsp;&nbsp;&nbsp;**Kentucky State Housing Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.266%, 07/01/2033 | 230000 | 241530 |
| &nbsp;&nbsp;&nbsp;5.246%, 01/01/2033 | 390000 | 409715 |
| &nbsp;&nbsp;&nbsp;4.997%, 07/01/2032 | 160000 | 166462 |
| &nbsp;&nbsp;&nbsp;4.947%, 01/01/2032 | 200000 | 207967 |
| &nbsp;&nbsp;&nbsp;4.887%, 07/01/2031 | 250000 | 259618 |
| &nbsp;&nbsp;&nbsp;4.817%, 01/01/2031 | 245000 | 253914 |
| &nbsp;&nbsp;&nbsp;**Kentucky State Housing Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.436%, 07/01/2035 | 625000 | 652151 |
| &nbsp;&nbsp;&nbsp;5.416%, 01/01/2035 | 105000 | 109836 |
| &nbsp;&nbsp;&nbsp;5.386%, 07/01/2034 | 420000 | 440373 |
| &nbsp;&nbsp;&nbsp;5.336%, 01/01/2034 | 70000 | 73493 |
| &nbsp;&nbsp;&nbsp;**Kentucky State Housing Corp., Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.945%, 01/01/2030 | 215000 | 215667 |
| &nbsp;&nbsp;&nbsp;3.925%, 07/01/2029 | 180000 | 180730 |
| &nbsp;&nbsp;&nbsp;3.895%, 01/01/2029 | 200000 | 200847 |
| &nbsp;&nbsp;&nbsp;3.825%, 07/01/2028 | 150000 | 150387 |
| &nbsp;&nbsp;&nbsp;3.765%, 01/01/2028 | 185000 | 185252 |
|  |  | 5692572 |
| &nbsp;&nbsp;&nbsp;**Louisiana - 0.08%** |  |  |
| &nbsp;&nbsp;&nbsp;**Louisiana State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.058%, 12/01/2029 | 90000 | 91761 |
| &nbsp;&nbsp;&nbsp;5.008%, 06/01/2029 | 65000 | 67566 |
| &nbsp;&nbsp;&nbsp;4.953%, 12/01/2028 | 240000 | 248203 |
| &nbsp;&nbsp;&nbsp;4.803%, 12/01/2027 | 115000 | 117443 |
| &nbsp;&nbsp;&nbsp;4.753%, 06/01/2027 | 120000 | 121746 |
| &nbsp;&nbsp;&nbsp;**Louisiana State Housing Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.300%, 06/01/2033 | 335000 | 350420 |
| &nbsp;&nbsp;&nbsp;5.100%, 12/01/2032 | 785000 | 814974 |
| &nbsp;&nbsp;&nbsp;5.050%, 06/01/2032 | 760000 | 788546 |
| &nbsp;&nbsp;&nbsp;5.000%, 12/01/2031 | 530000 | 549358 |
|  |  | 3150017 |
| &nbsp;&nbsp;&nbsp;**Maine - 0.12%** |  |  |
| &nbsp;&nbsp;&nbsp;**Maine State Housing Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;1.943%, 11/15/2027 | 3600000 | 3472045 |
| &nbsp;&nbsp;&nbsp;1.763%, 11/15/2026 | 1000000 | 980228 |
|  |  | 4452273 |
| &nbsp;&nbsp;&nbsp;**Maryland - 0.45%** |  |  |
| &nbsp;&nbsp;&nbsp;**Maryland Department of Housing & Community Development, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.110%, 09/01/2029 | 1655000 | 1727880 |
| &nbsp;&nbsp;&nbsp;5.060%, 03/01/2029 | 1630000 | 1693840 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **41** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;5.010%, 09/01/2028 | $875000 | $904450 |
| &nbsp;&nbsp;&nbsp;4.773%, 03/01/2030 | 2715000 | 2805888 |
| &nbsp;&nbsp;&nbsp;4.693%, 03/01/2029 | 1275000 | 1310721 |
| &nbsp;&nbsp;&nbsp;**Maryland Department of Housing & Community Development, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.764%, 03/01/2032 | 980000 | 1005206 |
| &nbsp;&nbsp;&nbsp;4.764%, 09/01/2032 | 505000 | 515980 |
| &nbsp;&nbsp;&nbsp;**Maryland Department of Housing & Community Development, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.659%, 03/01/2031 | 95000 | 97492 |
| &nbsp;&nbsp;&nbsp;**Maryland State Community Development Administration, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/19/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.500%, 09/01/2047 | 190000 | 189915 |
| &nbsp;&nbsp;&nbsp;**Maryland State Community Development Administration, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 10/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.950%, 11/01/2058 | 1165181 | 1022787 |
| &nbsp;&nbsp;&nbsp;**Maryland State Community Development Administration, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.950%, 09/01/2028 | 580000 | 581466 |
| &nbsp;&nbsp;&nbsp;**Maryland State Community Development Administration, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.171%, 09/01/2029 | 140000 | 145765 |
| &nbsp;&nbsp;&nbsp;5.132%, 09/01/2028 | 1250000 | 1291349 |
| &nbsp;&nbsp;&nbsp;5.121%, 03/01/2029 | 515000 | 533877 |
| &nbsp;&nbsp;&nbsp;5.082%, 03/01/2028 | 200000 | 205445 |
| &nbsp;&nbsp;&nbsp;**Maryland State Community Development Administration, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.730%, 09/01/2029 | 1090000 | 1155914 |
| &nbsp;&nbsp;&nbsp;5.700%, 03/01/2029 | 525000 | 553433 |
| &nbsp;&nbsp;&nbsp;5.592%, 09/01/2028 | 750000 | 783726 |
| &nbsp;&nbsp;&nbsp;5.542%, 03/01/2028 | 925000 | 959268 |
|  |  | 17484402 |
| &nbsp;&nbsp;&nbsp;**Massachusetts - 1.07%** |  |  |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 205, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.800%, 06/01/2035 | 155000 | 149023 |
| &nbsp;&nbsp;&nbsp;3.530%, 12/01/2029 | 660000 | 650789 |
| &nbsp;&nbsp;&nbsp;3.450%, 06/01/2029 | 300000 | 296220 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 226, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.222%, 12/01/2029 | 1580000 | 1655906 |
| &nbsp;&nbsp;&nbsp;5.172%, 06/01/2029 | 755000 | 787620 |
| &nbsp;&nbsp;&nbsp;5.122%, 12/01/2028 | 1020000 | 1058778 |
| &nbsp;&nbsp;&nbsp;5.072%, 06/01/2028 | 1330000 | 1372313 |
| &nbsp;&nbsp;&nbsp;5.012%, 12/01/2027 | 570000 | 584449 |
| &nbsp;&nbsp;&nbsp;4.962%, 06/01/2027 | 650000 | 661729 |
| &nbsp;&nbsp;&nbsp;4.912%, 12/01/2026 | 550000 | 556160 |
| &nbsp;&nbsp;&nbsp;4.862%, 06/01/2026 | 630000 | 633366 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 228, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.204%, 12/01/2029 | 750000 | 785536 |
| &nbsp;&nbsp;&nbsp;5.154%, 06/01/2029 | 1000000 | 1042621 |
| &nbsp;&nbsp;&nbsp;5.137%, 12/01/2028 | 750000 | 778830 |
| &nbsp;&nbsp;&nbsp;5.087%, 06/01/2028 | 750000 | 774127 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **42** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;5.057%, 12/01/2027 | $1055000 | $1082651 |
| &nbsp;&nbsp;&nbsp;5.007%, 06/01/2027 | 500000 | 509348 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 232, RB** |  |  |
| &nbsp;&nbsp;&nbsp;6.174%, 12/01/2029 | 1780000 | 1919314 |
| &nbsp;&nbsp;&nbsp;5.950%, 12/01/2027 | 1750000 | 1816447 |
| &nbsp;&nbsp;&nbsp;5.802%, 12/01/2026 | 1920000 | 1950634 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 235, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.395%, 06/01/2032 | 750000 | 791739 |
| &nbsp;&nbsp;&nbsp;5.395%, 12/01/2032 | 345000 | 363374 |
| &nbsp;&nbsp;&nbsp;5.307%, 12/01/2031 | 860000 | 905294 |
| &nbsp;&nbsp;&nbsp;5.257%, 06/01/2031 | 980000 | 1030531 |
| &nbsp;&nbsp;&nbsp;5.107%, 06/01/2030 | 275000 | 287250 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 238, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.336%, 06/01/2031 | 320000 | 322154 |
| &nbsp;&nbsp;&nbsp;4.336%, 12/01/2031 | 405000 | 405753 |
| &nbsp;&nbsp;&nbsp;4.186%, 12/01/2030 | 460000 | 461937 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 240, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.992%, 12/01/2031 | 110000 | 113990 |
| &nbsp;&nbsp;&nbsp;4.942%, 06/01/2031 | 175000 | 181351 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 243, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.974%, 06/01/2033 | 1810000 | 1854990 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 243, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 06/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.024%, 12/01/2033 | 1535000 | 1570774 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 247, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.951%, 06/01/2033 | 710000 | 725521 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser 247, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 06/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.111%, 12/01/2034 | 1700000 | 1735197 |
| &nbsp;&nbsp;&nbsp;5.061%, 06/01/2034 | 885000 | 903081 |
| &nbsp;&nbsp;&nbsp;5.031%, 12/01/2033 | 430000 | 439491 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.610%, 12/01/2025 | 1375000 | 1375056 |
| &nbsp;&nbsp;&nbsp;4.500%, 04/15/2054 | 3059562 | 2826683 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 06/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.850%, 12/01/2028 | 60000 | 59842 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, 12/01/2055 | 2535000 | 2292523 |
| &nbsp;&nbsp;&nbsp;4.750%, 12/01/2045 | 2800000 | 2549630 |
| &nbsp;&nbsp;&nbsp;4.550%, 12/01/2035 | 400000 | 393924 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.000%, 12/01/2025 | 250000 | 249979 |
| &nbsp;&nbsp;&nbsp;**Massachusetts State Housing Finance Agency, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.150%, 06/01/2027 | 250000 | 247372 |
|  |  | 41153297 |
| &nbsp;&nbsp;&nbsp;**Michigan - 0.25%** |  |  |
| &nbsp;&nbsp;&nbsp;**Michigan State Housing Development Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.247%, 12/01/2030 | 280000 | 295524 |
| &nbsp;&nbsp;&nbsp;5.128%, 12/01/2029 | 350000 | 366636 |
| &nbsp;&nbsp;&nbsp;4.877%, 12/01/2033 | 700000 | 713130 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **43** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;4.827%, 06/01/2033 | $430000 | $438876 |
| &nbsp;&nbsp;&nbsp;1.672%, 12/01/2028 | 1080000 | 1018494 |
| &nbsp;&nbsp;&nbsp;1.622%, 06/01/2028 | 1055000 | 1004263 |
| &nbsp;&nbsp;&nbsp;1.599%, 04/01/2027 | 250000 | 242852 |
| &nbsp;&nbsp;&nbsp;1.512%, 12/01/2027 | 1085000 | 1041449 |
| &nbsp;&nbsp;&nbsp;1.412%, 06/01/2027 | 605000 | 585405 |
| &nbsp;&nbsp;&nbsp;1.241%, 10/01/2026 | 485000 | 474733 |
| &nbsp;&nbsp;&nbsp;1.198%, 12/01/2026 | 490000 | 478192 |
| &nbsp;&nbsp;&nbsp;1.191%, 04/01/2026 | 300000 | 297328 |
| &nbsp;&nbsp;&nbsp;1.118%, 06/01/2026 | 585000 | 577529 |
| &nbsp;&nbsp;&nbsp;1.038%, 12/01/2025 | 95000 | 94978 |
| &nbsp;&nbsp;&nbsp;**Michigan State Housing Development Authority, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.432%, 12/01/2027 | 50000 | 51742 |
| &nbsp;&nbsp;&nbsp;5.393%, 06/01/2026 | 210000 | 211725 |
| &nbsp;&nbsp;&nbsp;**Michigan State Housing Development Authority, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.438%, 06/01/2031 | 755000 | 766848 |
| &nbsp;&nbsp;&nbsp;4.438%, 12/01/2031 | 20000 | 20222 |
| &nbsp;&nbsp;&nbsp;4.338%, 12/01/2030 | 725000 | 735608 |
|  |  | 9415534 |
| &nbsp;&nbsp;&nbsp;**Minnesota - 0.60%** |  |  |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.684%, 01/01/2030 | 425000 | 437448 |
| &nbsp;&nbsp;&nbsp;4.624%, 07/01/2029 | 150000 | 153967 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.769%, 07/01/2028 | 25000 | 25428 |
| &nbsp;&nbsp;&nbsp;4.748%, 07/01/2027 | 15000 | 15168 |
| &nbsp;&nbsp;&nbsp;4.718%, 01/01/2027 | 185000 | 186386 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.897%, 07/01/2029 | 315000 | 322154 |
| &nbsp;&nbsp;&nbsp;4.694%, 07/01/2027 | 165000 | 167530 |
| &nbsp;&nbsp;&nbsp;4.627%, 07/01/2026 | 160000 | 160788 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.800%, 07/01/2031 | 10000 | 10000 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.730%, 08/01/2046 | 127460 | 110445 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.004%, 07/01/2029 | 200000 | 204966 |
| &nbsp;&nbsp;&nbsp;4.954%, 01/01/2029 | 295000 | 301431 |
| &nbsp;&nbsp;&nbsp;4.911%, 07/01/2028 | 90000 | 91710 |
| &nbsp;&nbsp;&nbsp;4.861%, 01/01/2028 | 180000 | 182718 |
| &nbsp;&nbsp;&nbsp;4.811%, 07/01/2027 | 150000 | 152567 |
| &nbsp;&nbsp;&nbsp;4.771%, 01/01/2027 | 275000 | 278045 |
| &nbsp;&nbsp;&nbsp;3.744%, 01/01/2029 | 2110000 | 2096958 |
| &nbsp;&nbsp;&nbsp;3.644%, 01/01/2028 | 2000000 | 1989756 |
| &nbsp;&nbsp;&nbsp;3.520%, 07/01/2027 | 55000 | 54673 |
| &nbsp;&nbsp;&nbsp;3.470%, 01/01/2027 | 1015000 | 1010133 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser G, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.155%, 07/01/2029 | 380000 | 390717 |
| &nbsp;&nbsp;&nbsp;5.125%, 01/01/2029 | 815000 | 835513 |
| &nbsp;&nbsp;&nbsp;5.090%, 07/01/2028 | 300000 | 306619 |
| &nbsp;&nbsp;&nbsp;5.000%, 07/01/2027 | 145000 | 146964 |
| &nbsp;&nbsp;&nbsp;4.088%, 01/01/2029 | 60000 | 60119 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **44** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;4.018%, 07/01/2028 | $660000 | $660720 |
| &nbsp;&nbsp;&nbsp;3.918%, 01/01/2028 | 415000 | 414925 |
| &nbsp;&nbsp;&nbsp;3.827%, 07/01/2027 | 400000 | 399317 |
| &nbsp;&nbsp;&nbsp;3.777%, 01/01/2027 | 270000 | 269489 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser H, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.283%, 07/01/2029 | 210000 | 215408 |
| &nbsp;&nbsp;&nbsp;5.245%, 07/01/2028 | 130000 | 132747 |
| &nbsp;&nbsp;&nbsp;5.233%, 01/01/2029 | 330000 | 337610 |
| &nbsp;&nbsp;&nbsp;5.185%, 01/01/2028 | 155000 | 157772 |
| &nbsp;&nbsp;&nbsp;5.163%, 07/01/2026 | 370000 | 372133 |
| &nbsp;&nbsp;&nbsp;5.135%, 07/01/2027 | 90000 | 91236 |
| &nbsp;&nbsp;&nbsp;5.113%, 01/01/2026 | 135000 | 135112 |
| &nbsp;&nbsp;&nbsp;5.045%, 07/01/2026 | 175000 | 176279 |
| &nbsp;&nbsp;&nbsp;5.025%, 01/01/2026 | 15000 | 15014 |
| &nbsp;&nbsp;&nbsp;4.887%, 07/01/2028 | 120000 | 123437 |
| &nbsp;&nbsp;&nbsp;4.857%, 01/01/2027 | 150000 | 151797 |
| &nbsp;&nbsp;&nbsp;4.827%, 01/01/2028 | 150000 | 153447 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.967%, 07/01/2031 | 760000 | 788979 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.525%, 01/01/2035 | 940000 | 982436 |
| &nbsp;&nbsp;&nbsp;5.435%, 01/01/2034 | 1005000 | 1053642 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser J, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.241%, 01/01/2026 | 380000 | 380354 |
| &nbsp;&nbsp;&nbsp;5.241%, 07/01/2026 | 135000 | 135876 |
| &nbsp;&nbsp;&nbsp;4.875%, 07/01/2030 | 655000 | 670844 |
| &nbsp;&nbsp;&nbsp;4.825%, 01/01/2030 | 775000 | 791958 |
| &nbsp;&nbsp;&nbsp;4.791%, 07/01/2029 | 750000 | 764898 |
| &nbsp;&nbsp;&nbsp;4.741%, 01/01/2029 | 505000 | 513767 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser L, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.264%, 01/01/2027 | 20000 | 20248 |
| &nbsp;&nbsp;&nbsp;5.217%, 07/01/2026 | 505000 | 508311 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser M, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.054%, 07/01/2031 | 1175000 | 1213963 |
| &nbsp;&nbsp;&nbsp;5.004%, 01/01/2031 | 835000 | 860616 |
| &nbsp;&nbsp;&nbsp;**Minnesota State Housing Finance Agency, Ser P, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.380%, 01/01/2026 | 210000 | 210220 |
| &nbsp;&nbsp;&nbsp;4.739%, 07/01/2031 | 300000 | 308190 |
| &nbsp;&nbsp;&nbsp;4.689%, 01/01/2031 | 390000 | 400767 |
|  |  | 23103715 |
| &nbsp;&nbsp;&nbsp;**Mississippi - 0.02%** |  |  |
| &nbsp;&nbsp;&nbsp;**Mississippi State Home Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.001%, 06/01/2029 | 150000 | 155430 |
| &nbsp;&nbsp;&nbsp;4.905%, 06/01/2028 | 300000 | 307974 |
| &nbsp;&nbsp;&nbsp;4.805%, 06/01/2027 | 300000 | 304494 |
|  |  | 767898 |
| &nbsp;&nbsp;&nbsp;**Missouri - 0.00%** |  |  |
| &nbsp;&nbsp;&nbsp;**Missouri State Housing Development Commission, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.470%, 11/01/2027 | 50000 | 51328 |
| &nbsp;&nbsp;&nbsp;5.420%, 05/01/2027 | 45000 | 45869 |
| &nbsp;&nbsp;&nbsp;5.390%, 11/01/2026 | 15000 | 15187 |
|  |  | 112384 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **45** 

---

| | | |
|:---|:---|:---|
|  | **Principal** <br> **Amount**  | **Value** |
| &nbsp;&nbsp;&nbsp;**New Hampshire - 0.01%** |  |  |
| &nbsp;&nbsp;&nbsp;**New Hampshire State Housing Finance Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.057%, 01/01/2030 | $45000 | $46835 |
| &nbsp;&nbsp;&nbsp;4.858%, 01/01/2027 | 50000 | 50571 |
| &nbsp;&nbsp;&nbsp;**New Hampshire State Housing Finance Authority, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2027 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.209%, 07/01/2039 | 85000 | 84619 |
|  |  | 182025 |
| &nbsp;&nbsp;&nbsp;**New Jersey - 0.35%** |  |  |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.875%, 11/01/2029 | 2050000 | 2051715 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.709%, 11/01/2033 | 120000 | 121013 |
| &nbsp;&nbsp;&nbsp;4.659%, 05/01/2033 | 115000 | 115934 |
| &nbsp;&nbsp;&nbsp;4.453%, 11/01/2032 | 230000 | 231276 |
| &nbsp;&nbsp;&nbsp;4.403%, 05/01/2032 | 225000 | 226263 |
| &nbsp;&nbsp;&nbsp;4.303%, 11/01/2031 | 220000 | 221079 |
| &nbsp;&nbsp;&nbsp;4.059%, 11/01/2030 | 210000 | 210667 |
| &nbsp;&nbsp;&nbsp;4.009%, 05/01/2030 | 205000 | 205616 |
| &nbsp;&nbsp;&nbsp;3.959%, 11/01/2029 | 200000 | 200552 |
| &nbsp;&nbsp;&nbsp;3.909%, 05/01/2029 | 200000 | 200494 |
| &nbsp;&nbsp;&nbsp;3.814%, 05/01/2028 | 185000 | 185315 |
| &nbsp;&nbsp;&nbsp;3.814%, 11/01/2028 | 195000 | 195354 |
| &nbsp;&nbsp;&nbsp;3.752%, 11/01/2027 | 170000 | 170179 |
| &nbsp;&nbsp;&nbsp;2.050%, 05/01/2028 | 15000 | 14461 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, 11/01/2046 | 425000 | 387909 |
| &nbsp;&nbsp;&nbsp;4.625%, 11/01/2036 | 335000 | 335277 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 05/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.968%, 11/01/2051 | 345000 | 302421 |
| &nbsp;&nbsp;&nbsp;4.868%, 11/01/2047 | 1300000 | 1209200 |
| &nbsp;&nbsp;&nbsp;4.698%, 11/01/2037 | 500000 | 500051 |
| &nbsp;&nbsp;&nbsp;4.218%, 11/01/2032 | 1355000 | 1344945 |
| &nbsp;&nbsp;&nbsp;3.718%, 11/01/2028 | 285000 | 285038 |
| &nbsp;&nbsp;&nbsp;3.618%, 11/01/2027 | 695000 | 695075 |
| &nbsp;&nbsp;&nbsp;3.568%, 11/01/2026 | 435000 | 434786 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 11/01/2027 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.250%, 11/01/2033 | 250000 | 246081 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 11/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.959%, 05/01/2035 | 130000 | 131232 |
| &nbsp;&nbsp;&nbsp;4.859%, 11/01/2034 | 125000 | 126106 |
| &nbsp;&nbsp;&nbsp;4.809%, 05/01/2034 | 120000 | 121083 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **46** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.156%, 11/01/2029 | $425000 | $445681 |
| &nbsp;&nbsp;&nbsp;5.106%, 05/01/2029 | 180000 | 187840 |
| &nbsp;&nbsp;&nbsp;4.871%, 05/01/2027 | 355000 | 361199 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser N, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.228%, 04/01/2033 | 125000 | 130394 |
| &nbsp;&nbsp;&nbsp;4.939%, 10/01/2032 | 80000 | 82542 |
| &nbsp;&nbsp;&nbsp;4.889%, 04/01/2032 | 120000 | 123800 |
| &nbsp;&nbsp;&nbsp;4.839%, 10/01/2031 | 125000 | 128910 |
| &nbsp;&nbsp;&nbsp;4.789%, 04/01/2031 | 100000 | 103069 |
| &nbsp;&nbsp;&nbsp;4.511%, 04/01/2030 | 100000 | 102257 |
| &nbsp;&nbsp;&nbsp;4.265%, 10/01/2027 | 195000 | 197008 |
| &nbsp;&nbsp;&nbsp;4.257%, 04/01/2028 | 100000 | 101249 |
| &nbsp;&nbsp;&nbsp;4.215%, 04/01/2027 | 155000 | 156040 |
| &nbsp;&nbsp;&nbsp;**New Jersey State Housing & Mortgage Finance Agency, Ser N, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 04/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.448%, 04/01/2035 | 285000 | 296628 |
| &nbsp;&nbsp;&nbsp;5.398%, 10/01/2034 | 280000 | 291598 |
| &nbsp;&nbsp;&nbsp;5.348%, 04/01/2034 | 270000 | 281408 |
| &nbsp;&nbsp;&nbsp;5.278%, 10/01/2033 | 150000 | 156354 |
|  |  | 13615099 |
| &nbsp;&nbsp;&nbsp;**New Mexico - 0.04%** |  |  |
| &nbsp;&nbsp;&nbsp;**New Mexico State Mortgage Finance Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.600%, 09/01/2040 | 1405000 | 1253444 |
| &nbsp;&nbsp;&nbsp;**New Mexico State Mortgage Finance Authority, Ser B-2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.230%, 10/01/2034 | 210235 | 183567 |
|  |  | 1437011 |
| &nbsp;&nbsp;&nbsp;**New York - 2.48%** |  |  |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser 2017-A, Cl A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.098%, 10/01/2046 | 7239111 | 6414109 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.618%, 05/01/2026 | 500000 | 496906 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.368%, 08/01/2030 | 705000 | 735561 |
| &nbsp;&nbsp;&nbsp;5.343%, 08/01/2031 | 780000 | 814065 |
| &nbsp;&nbsp;&nbsp;5.330%, 08/01/2033 | 250000 | 258385 |
| &nbsp;&nbsp;&nbsp;5.318%, 02/01/2030 | 190000 | 197515 |
| &nbsp;&nbsp;&nbsp;5.310%, 02/01/2033 | 295000 | 304472 |
| &nbsp;&nbsp;&nbsp;5.044%, 08/01/2032 | 85000 | 86920 |
| &nbsp;&nbsp;&nbsp;5.037%, 08/01/2032 | 720000 | 741834 |
| &nbsp;&nbsp;&nbsp;4.994%, 02/01/2032 | 280000 | 285909 |
| &nbsp;&nbsp;&nbsp;4.954%, 08/01/2031 | 265000 | 270325 |
| &nbsp;&nbsp;&nbsp;4.933%, 08/01/2031 | 935000 | 960824 |
| &nbsp;&nbsp;&nbsp;4.884%, 02/01/2031 | 110000 | 112008 |
| &nbsp;&nbsp;&nbsp;4.833%, 08/01/2030 | 875000 | 896501 |
| &nbsp;&nbsp;&nbsp;2.361%, 02/01/2028 | 750000 | 724135 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **47** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;2.183%, 02/01/2027 | $1590000 | $1556375 |
| &nbsp;&nbsp;&nbsp;2.083%, 02/01/2026 | 660000 | 657732 |
| &nbsp;&nbsp;&nbsp;1.860%, 05/01/2028 | 2110000 | 2004163 |
| &nbsp;&nbsp;&nbsp;1.710%, 11/01/2027 | 795000 | 761359 |
| &nbsp;&nbsp;&nbsp;1.677%, 11/01/2028 | 800000 | 747144 |
| &nbsp;&nbsp;&nbsp;1.577%, 05/01/2028 | 500000 | 471695 |
| &nbsp;&nbsp;&nbsp;1.477%, 11/01/2027 | 300000 | 286029 |
| &nbsp;&nbsp;&nbsp;1.377%, 05/01/2027 | 200000 | 192721 |
| &nbsp;&nbsp;&nbsp;1.123%, 11/01/2026 | 250000 | 243437 |
| &nbsp;&nbsp;&nbsp;1.023%, 05/01/2026 | 245000 | 241895 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 09/01/2027 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.743%, 11/01/2027 | 365000 | 356442 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 02/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.053%, 11/01/2030 | 2965000 | 2666422 |
| &nbsp;&nbsp;&nbsp;2.003%, 05/01/2030 | 3175000 | 2886348 |
| &nbsp;&nbsp;&nbsp;1.953%, 11/01/2029 | 1800000 | 1654093 |
| &nbsp;&nbsp;&nbsp;1.903%, 05/01/2029 | 1225000 | 1137415 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 08/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.510%, 02/01/2035 | 670000 | 694255 |
| &nbsp;&nbsp;&nbsp;5.490%, 08/01/2034 | 715000 | 741314 |
| &nbsp;&nbsp;&nbsp;5.440%, 02/01/2034 | 445000 | 461116 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 02/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.661%, 02/01/2031 | 640000 | 589394 |
| &nbsp;&nbsp;&nbsp;2.561%, 02/01/2030 | 1000000 | 935895 |
| &nbsp;&nbsp;&nbsp;2.511%, 08/01/2029 | 1240000 | 1169887 |
| &nbsp;&nbsp;&nbsp;2.461%, 02/01/2029 | 2195000 | 2087177 |
| &nbsp;&nbsp;&nbsp;2.411%, 08/01/2028 | 1000000 | 958196 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser B-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 02/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.814%, 11/01/2029 | 700000 | 689420 |
| &nbsp;&nbsp;&nbsp;3.714%, 11/01/2028 | 395000 | 390685 |
| &nbsp;&nbsp;&nbsp;3.614%, 11/01/2027 | 1110000 | 1101446 |
| &nbsp;&nbsp;&nbsp;3.564%, 11/01/2026 | 505000 | 502689 |
| &nbsp;&nbsp;&nbsp;3.514%, 05/01/2026 | 1025000 | 1022410 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.130%, 11/01/2031 | 880000 | 908881 |
| &nbsp;&nbsp;&nbsp;5.080%, 05/01/2031 | 1045000 | 1077812 |
| &nbsp;&nbsp;&nbsp;5.030%, 11/01/2030 | 1030000 | 1060555 |
| &nbsp;&nbsp;&nbsp;4.980%, 05/01/2030 | 1010000 | 1037865 |
| &nbsp;&nbsp;&nbsp;4.939%, 11/01/2029 | 990000 | 1015315 |
| &nbsp;&nbsp;&nbsp;4.889%, 05/01/2029 | 190000 | 194355 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.682%, 02/01/2033 | 460000 | 459142 |
| &nbsp;&nbsp;&nbsp;4.627%, 08/01/2033 | 490000 | 487822 |
| &nbsp;&nbsp;&nbsp;4.577%, 02/01/2033 | 350000 | 348510 |
| &nbsp;&nbsp;&nbsp;4.527%, 08/01/2032 | 500000 | 498247 |
| &nbsp;&nbsp;&nbsp;4.477%, 02/01/2032 | 350000 | 349098 |
| &nbsp;&nbsp;&nbsp;4.357%, 08/01/2032 | 5000 | 4961 |
| &nbsp;&nbsp;&nbsp;4.319%, 02/01/2031 | 345000 | 343909 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **48** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;4.319%, 08/01/2031 | $90000 | $89383 |
| &nbsp;&nbsp;&nbsp;4.307%, 02/01/2032 | 125000 | 124017 |
| &nbsp;&nbsp;&nbsp;4.169%, 02/01/2030 | 20000 | 19934 |
| &nbsp;&nbsp;&nbsp;2.233%, 08/01/2027 | 2050000 | 1990964 |
| &nbsp;&nbsp;&nbsp;2.150%, 02/01/2029 | 550000 | 517947 |
| &nbsp;&nbsp;&nbsp;2.100%, 08/01/2028 | 540000 | 513212 |
| &nbsp;&nbsp;&nbsp;2.000%, 02/01/2028 | 450000 | 431145 |
| &nbsp;&nbsp;&nbsp;1.750%, 08/01/2027 | 775000 | 746710 |
| &nbsp;&nbsp;&nbsp;1.700%, 02/01/2027 | 760000 | 739790 |
| &nbsp;&nbsp;&nbsp;1.600%, 08/01/2026 | 500000 | 491883 |
| &nbsp;&nbsp;&nbsp;1.550%, 02/01/2026 | 480000 | 477933 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 02/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.912%, 02/01/2035 | 280000 | 280367 |
| &nbsp;&nbsp;&nbsp;4.862%, 08/01/2034 | 270000 | 270222 |
| &nbsp;&nbsp;&nbsp;4.832%, 02/01/2034 | 400000 | 400277 |
| &nbsp;&nbsp;&nbsp;4.732%, 08/01/2033 | 430000 | 429581 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 08/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.727%, 08/01/2034 | 400000 | 398428 |
| &nbsp;&nbsp;&nbsp;4.677%, 02/01/2034 | 665000 | 662343 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 02/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.300%, 08/01/2030 | 885000 | 810237 |
| &nbsp;&nbsp;&nbsp;2.250%, 02/01/2030 | 865000 | 799477 |
| &nbsp;&nbsp;&nbsp;2.200%, 08/01/2029 | 850000 | 793062 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.642%, 05/01/2026 | 2120000 | 2107143 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser F1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.048%, 05/01/2028 | 640000 | 610640 |
| &nbsp;&nbsp;&nbsp;1.874%, 11/01/2027 | 945000 | 907842 |
| &nbsp;&nbsp;&nbsp;1.844%, 05/01/2027 | 1450000 | 1406458 |
| &nbsp;&nbsp;&nbsp;1.744%, 11/01/2026 | 280000 | 274198 |
| &nbsp;&nbsp;&nbsp;1.694%, 05/01/2026 | 380000 | 376225 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser F1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 05/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.298%, 11/01/2030 | 770000 | 700627 |
| &nbsp;&nbsp;&nbsp;2.238%, 05/01/2030 | 770000 | 707241 |
| &nbsp;&nbsp;&nbsp;2.188%, 11/01/2029 | 455000 | 421897 |
| &nbsp;&nbsp;&nbsp;2.138%, 05/01/2029 | 1220000 | 1142148 |
| &nbsp;&nbsp;&nbsp;2.098%, 11/01/2028 | 1225000 | 1158142 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser G, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.818%, 05/01/2027 | 1000000 | 983124 |
| &nbsp;&nbsp;&nbsp;2.768%, 11/01/2026 | 1000000 | 988328 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser H-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.890%, 11/01/2029 | 815000 | 804846 |
| &nbsp;&nbsp;&nbsp;**New York City Housing Development Corp., Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.899%, 11/01/2026 | 2315000 | 2311441 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **49** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**New York State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.250%, 05/01/2027 | $1770000 | $1749788 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 229, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.180%, 10/01/2029 | 540000 | 505853 |
| &nbsp;&nbsp;&nbsp;2.080%, 10/01/2028 | 760000 | 724939 |
| &nbsp;&nbsp;&nbsp;1.816%, 10/01/2027 | 725000 | 701847 |
| &nbsp;&nbsp;&nbsp;1.666%, 10/01/2026 | 920000 | 907835 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 229, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 10/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.280%, 10/01/2030 | 130000 | 118968 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 230, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.180%, 10/01/2029 | 485000 | 454353 |
| &nbsp;&nbsp;&nbsp;2.080%, 10/01/2028 | 960000 | 915757 |
| &nbsp;&nbsp;&nbsp;1.816%, 10/01/2027 | 565000 | 546957 |
| &nbsp;&nbsp;&nbsp;1.666%, 10/01/2026 | 420000 | 414446 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 230, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 10/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.280%, 10/01/2030 | 500000 | 457570 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 237, RB** |  |  |
| &nbsp;&nbsp;&nbsp;1.945%, 04/01/2029 | 615000 | 575849 |
| &nbsp;&nbsp;&nbsp;1.516%, 04/01/2027 | 1235000 | 1196996 |
| &nbsp;&nbsp;&nbsp;1.271%, 10/01/2026 | 4155000 | 4065485 |
| &nbsp;&nbsp;&nbsp;1.221%, 04/01/2026 | 1215000 | 1203940 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 245, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.625%, 10/01/2027 | 2125000 | 2076899 |
| &nbsp;&nbsp;&nbsp;2.575%, 04/01/2027 | 2500000 | 2455878 |
| &nbsp;&nbsp;&nbsp;2.525%, 10/01/2026 | 970000 | 958519 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 254, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.198%, 10/01/2029 | 250000 | 259691 |
| &nbsp;&nbsp;&nbsp;5.148%, 04/01/2029 | 80000 | 82759 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 256, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.251%, 10/01/2027 | 100000 | 102336 |
| &nbsp;&nbsp;&nbsp;5.215%, 10/01/2026 | 100000 | 100997 |
| &nbsp;&nbsp;&nbsp;5.201%, 04/01/2027 | 100000 | 101611 |
| &nbsp;&nbsp;&nbsp;5.165%, 04/01/2026 | 30000 | 30109 |
| &nbsp;&nbsp;&nbsp;**New York State Mortgage Agency, Ser 265, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.779%, 04/01/2031 | 520000 | 531007 |
| &nbsp;&nbsp;&nbsp;4.729%, 10/01/2030 | 70000 | 71468 |
|  |  | 95492164 |
| &nbsp;&nbsp;&nbsp;**North Carolina - 0.03%** |  |  |
| &nbsp;&nbsp;&nbsp;**North Carolina State Agricultural & Technical State University, Ser 2020, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.092%, 10/01/2030 | 510000 | 468120 |
| &nbsp;&nbsp;&nbsp;**North Carolina State Housing Finance Agency, Ser 52-B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.379%, 01/01/2026 | 15000 | 15015 |
| &nbsp;&nbsp;&nbsp;**North Carolina State Housing Finance Agency, Ser 53-B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.023%, 07/01/2029 | 135000 | 137888 |
| &nbsp;&nbsp;&nbsp;4.918%, 01/01/2026 | 115000 | 115073 |
| &nbsp;&nbsp;&nbsp;4.873%, 07/01/2028 | 95000 | 96581 |
| &nbsp;&nbsp;&nbsp;4.835%, 01/01/2027 | 155000 | 156257 |
| &nbsp;&nbsp;&nbsp;4.823%, 01/01/2028 | 100000 | 101395 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **50** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**North Carolina State Housing Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.594%, 07/01/2029 | $90000 | $91129 |
|  |  | 1181458 |
| &nbsp;&nbsp;&nbsp;**Ohio - 0.11%** |  |  |
| &nbsp;&nbsp;&nbsp;**Ohio State Housing Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.250%, 03/01/2046 | 166626 | 156516 |
| &nbsp;&nbsp;&nbsp;**Ohio State Housing Finance Agency, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 09/01/2027 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.700%, 04/01/2040 | 2200608 | 2149169 |
| &nbsp;&nbsp;&nbsp;**Ohio State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;6.000%, 09/01/2033 | 50000 | 54839 |
| &nbsp;&nbsp;&nbsp;5.197%, 09/01/2028 | 110000 | 114294 |
| &nbsp;&nbsp;&nbsp;5.157%, 03/01/2028 | 25000 | 25584 |
| &nbsp;&nbsp;&nbsp;**Ohio State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/03/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.900%, 09/01/2037 | 1499145 | 1254610 |
| &nbsp;&nbsp;&nbsp;**Ohio State Housing Finance Agency, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 09/01/2034 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.515%, 03/01/2035 | 80000 | 84476 |
| &nbsp;&nbsp;&nbsp;**Ohio State Housing Finance Agency, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;6.250%, 09/01/2033 | 220000 | 245492 |
|  |  | 4084980 |
| &nbsp;&nbsp;&nbsp;**Oregon - 0.54%** |  |  |
| &nbsp;&nbsp;&nbsp;**Oregon State Housing & Community Services Department, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.495%, 07/01/2028 | 250000 | 260456 |
| &nbsp;&nbsp;&nbsp;5.445%, 01/01/2028 | 290000 | 299853 |
| &nbsp;&nbsp;&nbsp;5.357%, 01/01/2026 | 120000 | 120142 |
| &nbsp;&nbsp;&nbsp;5.357%, 07/01/2026 | 115000 | 116010 |
| &nbsp;&nbsp;&nbsp;5.295%, 01/01/2027 | 140000 | 142238 |
| &nbsp;&nbsp;&nbsp;**Oregon State, Metropolitan, Ser B, GO** |  |  |
| &nbsp;&nbsp;&nbsp;1.760%, 06/01/2028 | 570000 | 544767 |
| &nbsp;&nbsp;&nbsp;**Oregon State, Ser B, GO** |  |  |
| &nbsp;&nbsp;&nbsp;4.963%, 05/01/2030 | 3000000 | 3143196 |
| &nbsp;&nbsp;&nbsp;4.295%, 05/01/2027 | 430000 | 433121 |
| &nbsp;&nbsp;&nbsp;4.142%, 05/01/2028 | 2655000 | 2682944 |
| &nbsp;&nbsp;&nbsp;4.112%, 05/01/2027 | 2500000 | 2511894 |
| &nbsp;&nbsp;&nbsp;4.037%, 05/01/2032 | 1770000 | 1773400 |
| &nbsp;&nbsp;&nbsp;3.887%, 05/01/2030 | 700000 | 703032 |
| &nbsp;&nbsp;&nbsp;3.492%, 05/01/2028 | 1930000 | 1921147 |
| &nbsp;&nbsp;&nbsp;3.315%, 05/01/2027 | 1000000 | 993867 |
| &nbsp;&nbsp;&nbsp;**Oregon State, Ser B, GO** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 05/01/2027 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.886%, 05/01/2037 | 205000 | 197940 |
| &nbsp;&nbsp;&nbsp;**Oregon State, Ser L, GO** |  |  |
| &nbsp;&nbsp;&nbsp;1.305%, 11/01/2026 | 500000 | 488684 |
| &nbsp;&nbsp;&nbsp;**Tri-County Metropolitan Transportation District of Oregon, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;1.586%, 09/01/2028 | 800000 | 755292 |
| &nbsp;&nbsp;&nbsp;1.386%, 09/01/2027 | 2990000 | 2871685 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **51** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;1.200%, 09/01/2026 | $1000000 | $980708 |
|  |  | 20940376 |
| &nbsp;&nbsp;&nbsp;**Pennsylvania - 0.31%** |  |  |
| &nbsp;&nbsp;&nbsp;**Commonwealth Financing Authority, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.758%, 06/01/2030 | 1915000 | 1813595 |
| &nbsp;&nbsp;&nbsp;**Pennsylvania State Economic Development Financing Authority, Ser 2025, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.723%, 06/01/2029 | 365000 | 375329 |
| &nbsp;&nbsp;&nbsp;**Pennsylvania State Housing Finance Agency, Ser 130B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.375%, 04/01/2027 | 2715000 | 2664419 |
| &nbsp;&nbsp;&nbsp;**Pennsylvania State Housing Finance Agency, Ser 144B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.997%, 10/01/2028 | 270000 | 278264 |
| &nbsp;&nbsp;&nbsp;**Pennsylvania State Housing Finance Agency, Ser 145B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.884%, 10/01/2029 | 3385000 | 3495388 |
| &nbsp;&nbsp;&nbsp;4.784%, 10/01/2028 | 2510000 | 2572620 |
| &nbsp;&nbsp;&nbsp;**Redevelopment Authority of the Philadelphia, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.503%, 09/01/2026 | 560000 | 562093 |
|  |  | 11761708 |
| &nbsp;&nbsp;&nbsp;**Rhode Island - 0.23%** |  |  |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 2-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.700%, 10/01/2028 | 145000 | 139797 |
| &nbsp;&nbsp;&nbsp;2.600%, 10/01/2027 | 145000 | 141478 |
| &nbsp;&nbsp;&nbsp;2.500%, 10/01/2026 | 70000 | 69128 |
| &nbsp;&nbsp;&nbsp;1.696%, 10/01/2027 | 100000 | 95989 |
| &nbsp;&nbsp;&nbsp;1.646%, 04/01/2027 | 175000 | 169688 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 2-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 04/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.800%, 10/01/2029 | 95000 | 90490 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 7, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.163%, 10/01/2028 | 375000 | 389000 |
| &nbsp;&nbsp;&nbsp;5.113%, 04/01/2028 | 360000 | 371130 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 77-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.900%, 10/01/2028 | 800000 | 802961 |
| &nbsp;&nbsp;&nbsp;3.850%, 04/01/2028 | 665000 | 666961 |
| &nbsp;&nbsp;&nbsp;3.800%, 10/01/2027 | 1530000 | 1532862 |
| &nbsp;&nbsp;&nbsp;3.750%, 04/01/2027 | 360000 | 360163 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 78-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.210%, 10/01/2026 | 970000 | 981541 |
| &nbsp;&nbsp;&nbsp;5.160%, 04/01/2026 | 940000 | 944151 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 80-T-1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.150%, 10/01/2028 | 60000 | 62219 |
| &nbsp;&nbsp;&nbsp;5.060%, 10/01/2027 | 700000 | 716798 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 81-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.686%, 10/01/2026 | 195000 | 198074 |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 83-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.031%, 10/01/2030 | 275000 | 286752 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **52** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**Rhode Island State Housing and Mortgage Finance Corp., Ser 84-T, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.355%, 04/01/2031 | $110000 | $111102 |
| &nbsp;&nbsp;&nbsp;4.355%, 10/01/2031 | 750000 | 754359 |
|  |  | 8884643 |
| &nbsp;&nbsp;&nbsp;**South Dakota - 0.14%** |  |  |
| &nbsp;&nbsp;&nbsp;**South Dakota State Housing Development Authority, Ser 1, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.500%, 11/01/2041 | 30000 | 29982 |
| &nbsp;&nbsp;&nbsp;**South Dakota State Housing Development Authority, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.798%, 05/01/2029 | 280000 | 287979 |
| &nbsp;&nbsp;&nbsp;**South Dakota State Housing Development Authority, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.482%, 11/01/2031 | 2590000 | 2635528 |
| &nbsp;&nbsp;&nbsp;**South Dakota State Housing Development Authority, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.709%, 11/01/2033 | 520000 | 526379 |
| &nbsp;&nbsp;&nbsp;4.619%, 05/01/2033 | 450000 | 455221 |
| &nbsp;&nbsp;&nbsp;**South Dakota State Housing Development Authority, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 11/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.869%, 11/01/2034 | 1080000 | 1093680 |
| &nbsp;&nbsp;&nbsp;4.809%, 05/01/2034 | 450000 | 456210 |
|  |  | 5484979 |
| &nbsp;&nbsp;&nbsp;**Tennessee - 0.39%** |  |  |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 1B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.236%, 07/01/2030 | 170000 | 176740 |
| &nbsp;&nbsp;&nbsp;5.186%, 01/01/2030 | 195000 | 202016 |
| &nbsp;&nbsp;&nbsp;5.166%, 07/01/2029 | 30000 | 30990 |
| &nbsp;&nbsp;&nbsp;5.116%, 01/01/2029 | 115000 | 118333 |
| &nbsp;&nbsp;&nbsp;5.101%, 07/01/2026 | 100000 | 100633 |
| &nbsp;&nbsp;&nbsp;5.066%, 07/01/2028 | 245000 | 251054 |
| &nbsp;&nbsp;&nbsp;5.016%, 01/01/2028 | 200000 | 203998 |
| &nbsp;&nbsp;&nbsp;4.960%, 01/01/2027 | 185000 | 186919 |
| &nbsp;&nbsp;&nbsp;2.240%, 07/01/2029 | 310000 | 289807 |
| &nbsp;&nbsp;&nbsp;2.190%, 01/01/2029 | 1200000 | 1130253 |
| &nbsp;&nbsp;&nbsp;2.120%, 07/01/2028 | 270000 | 258438 |
| &nbsp;&nbsp;&nbsp;1.961%, 07/01/2027 | 720000 | 699356 |
| &nbsp;&nbsp;&nbsp;1.911%, 01/01/2027 | 285000 | 279154 |
| &nbsp;&nbsp;&nbsp;1.861%, 07/01/2026 | 505000 | 499094 |
| &nbsp;&nbsp;&nbsp;1.811%, 01/01/2026 | 60000 | 59892 |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 1B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.750%, 07/01/2050 | 1210000 | 1195115 |
| &nbsp;&nbsp;&nbsp;2.290%, 01/01/2030 | 1230000 | 1148792 |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 1-B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.896%, 07/01/2028 | 270000 | 277106 |
| &nbsp;&nbsp;&nbsp;4.846%, 01/01/2028 | 425000 | 434110 |
| &nbsp;&nbsp;&nbsp;4.746%, 07/01/2027 | 250000 | 253694 |
| &nbsp;&nbsp;&nbsp;4.696%, 01/01/2027 | 405000 | 408821 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **53** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.358%, 07/01/2029 | $1260000 | $1192268 |
| &nbsp;&nbsp;&nbsp;2.308%, 01/01/2029 | 615000 | 586365 |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 2, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2029 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.458%, 07/01/2030 | 815000 | 759087 |
| &nbsp;&nbsp;&nbsp;2.408%, 01/01/2030 | 790000 | 741317 |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 2B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.211%, 07/01/2029 | 40000 | 41357 |
| &nbsp;&nbsp;&nbsp;5.164%, 07/01/2028 | 65000 | 66729 |
| &nbsp;&nbsp;&nbsp;5.134%, 01/01/2028 | 95000 | 97079 |
| &nbsp;&nbsp;&nbsp;5.084%, 07/01/2027 | 180000 | 182952 |
| &nbsp;&nbsp;&nbsp;5.081%, 07/01/2026 | 135000 | 135836 |
| &nbsp;&nbsp;&nbsp;5.011%, 07/01/2031 | 330000 | 341574 |
| &nbsp;&nbsp;&nbsp;4.981%, 01/01/2031 | 50000 | 51772 |
| &nbsp;&nbsp;&nbsp;4.951%, 07/01/2030 | 670000 | 693350 |
| &nbsp;&nbsp;&nbsp;4.840%, 07/01/2029 | 385000 | 396411 |
| &nbsp;&nbsp;&nbsp;4.810%, 01/01/2029 | 655000 | 672705 |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 3A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.120%, 01/01/2032 | 110000 | 114208 |
| &nbsp;&nbsp;&nbsp;5.120%, 07/01/2032 | 175000 | 181228 |
| &nbsp;&nbsp;&nbsp;5.010%, 07/01/2031 | 115000 | 119028 |
| &nbsp;&nbsp;&nbsp;4.910%, 01/01/2030 | 100000 | 103313 |
| &nbsp;&nbsp;&nbsp;4.910%, 07/01/2030 | 115000 | 118813 |
| &nbsp;&nbsp;&nbsp;**Tennessee State Housing Development Agency, Ser 3A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.320%, 07/01/2034 | 65000 | 67112 |
| &nbsp;&nbsp;&nbsp;5.220%, 07/01/2033 | 110000 | 113795 |
|  |  | 14980614 |
| &nbsp;&nbsp;&nbsp;**Texas - 0.40%** |  |  |
| &nbsp;&nbsp;&nbsp;**Austin Electric Utility System Revenue Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.937%, 11/15/2028 | 860000 | 841363 |
| &nbsp;&nbsp;&nbsp;**Colony Local Development Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.866%, 10/01/2028 | 490000 | 492478 |
| &nbsp;&nbsp;&nbsp;**State of Texas, Ser 2023 D, GO** |  |  |
| &nbsp;&nbsp;&nbsp;5.000%, 08/01/2028 | 140000 | 144579 |
| &nbsp;&nbsp;&nbsp;5.000%, 08/01/2029 | 885000 | 922531 |
| &nbsp;&nbsp;&nbsp;**Texas State Affordable Housing Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.700%, 09/01/2041 | 940000 | 759415 |
| &nbsp;&nbsp;&nbsp;**Texas State Affordable Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.080%, 03/01/2030 | 45000 | 46904 |
| &nbsp;&nbsp;&nbsp;4.950%, 03/01/2026 | 125000 | 125319 |
| &nbsp;&nbsp;&nbsp;4.940%, 03/01/2029 | 75000 | 77464 |
| &nbsp;&nbsp;&nbsp;4.870%, 03/01/2027 | 50000 | 50654 |
| &nbsp;&nbsp;&nbsp;**Texas State Department of Housing & Community Affairs, Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.106%, 09/01/2029 | 120000 | 125334 |
| &nbsp;&nbsp;&nbsp;5.019%, 07/01/2031 | 200000 | 207984 |
| &nbsp;&nbsp;&nbsp;4.989%, 01/01/2031 | 200000 | 207906 |
| &nbsp;&nbsp;&nbsp;4.909%, 09/01/2027 | 75000 | 76495 |
| &nbsp;&nbsp;&nbsp;4.890%, 07/01/2026 | 200000 | 201197 |
| &nbsp;&nbsp;&nbsp;4.869%, 03/01/2027 | 345000 | 349547 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **54** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;4.836%, 07/01/2029 | $215000 | $221697 |
| &nbsp;&nbsp;&nbsp;4.776%, 01/01/2029 | 175000 | 179753 |
| &nbsp;&nbsp;&nbsp;4.757%, 07/01/2027 | 200000 | 203020 |
| &nbsp;&nbsp;&nbsp;4.746%, 07/01/2028 | 165000 | 168853 |
| &nbsp;&nbsp;&nbsp;4.727%, 01/01/2027 | 230000 | 232252 |
| &nbsp;&nbsp;&nbsp;**Texas State Department of Housing & Community Affairs, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.380%, 07/01/2026 | 200000 | 201756 |
| &nbsp;&nbsp;&nbsp;4.931%, 07/01/2032 | 275000 | 283441 |
| &nbsp;&nbsp;&nbsp;4.881%, 01/01/2032 | 250000 | 257697 |
| &nbsp;&nbsp;&nbsp;4.851%, 07/01/2031 | 515000 | 531294 |
| &nbsp;&nbsp;&nbsp;4.781%, 01/01/2031 | 455000 | 468686 |
| &nbsp;&nbsp;&nbsp;4.649%, 07/01/2030 | 365000 | 374235 |
| &nbsp;&nbsp;&nbsp;4.579%, 01/01/2030 | 135000 | 138110 |
| &nbsp;&nbsp;&nbsp;4.519%, 07/01/2029 | 250000 | 255161 |
| &nbsp;&nbsp;&nbsp;4.499%, 01/01/2029 | 115000 | 117205 |
| &nbsp;&nbsp;&nbsp;4.392%, 07/01/2028 | 320000 | 324710 |
| &nbsp;&nbsp;&nbsp;4.299%, 01/01/2027 | 120000 | 120635 |
| &nbsp;&nbsp;&nbsp;**Texas State Department of Housing & Community Affairs, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 09/01/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.100%, 09/01/2047 | 223528 | 205500 |
| &nbsp;&nbsp;&nbsp;**Texas State Department of Housing & Community Affairs, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.077%, 09/01/2026 | 300000 | 302704 |
| &nbsp;&nbsp;&nbsp;4.998%, 07/01/2032 | 1055000 | 1091388 |
| &nbsp;&nbsp;&nbsp;4.948%, 01/01/2032 | 1040000 | 1075714 |
| &nbsp;&nbsp;&nbsp;4.901%, 07/01/2031 | 1010000 | 1044445 |
| &nbsp;&nbsp;&nbsp;4.851%, 07/01/2030 | 970000 | 1002664 |
| &nbsp;&nbsp;&nbsp;4.851%, 01/01/2031 | 995000 | 1028093 |
| &nbsp;&nbsp;&nbsp;4.751%, 01/01/2030 | 750000 | 772097 |
|  |  | 15230280 |
| &nbsp;&nbsp;&nbsp;**Utah - 1.28%** |  |  |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;2.900%, 07/01/2029 | 285000 | 273444 |
| &nbsp;&nbsp;&nbsp;2.850%, 01/01/2029 | 335000 | 323226 |
| &nbsp;&nbsp;&nbsp;2.800%, 07/01/2028 | 305000 | 295889 |
| &nbsp;&nbsp;&nbsp;2.750%, 01/01/2028 | 340000 | 331684 |
| &nbsp;&nbsp;&nbsp;2.700%, 07/01/2027 | 600000 | 588176 |
| &nbsp;&nbsp;&nbsp;2.650%, 01/01/2027 | 460000 | 453409 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2029 @ 101** |  |  |
| &nbsp;&nbsp;&nbsp;3.875%, 01/01/2050 | 525000 | 518276 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/01/2028 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.690%, 01/01/2048 | 433000 | 364685 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.847%, 07/01/2032 | 270000 | 288068 |
| &nbsp;&nbsp;&nbsp;5.817%, 01/01/2032 | 410000 | 436107 |
| &nbsp;&nbsp;&nbsp;5.787%, 07/01/2031 | 380000 | 402858 |
| &nbsp;&nbsp;&nbsp;5.737%, 01/01/2031 | 200000 | 211154 |
| &nbsp;&nbsp;&nbsp;5.700%, 07/01/2030 | 365000 | 383860 |
| &nbsp;&nbsp;&nbsp;5.650%, 01/01/2030 | 355000 | 371680 |
| &nbsp;&nbsp;&nbsp;5.600%, 07/01/2029 | 225000 | 234472 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **55** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;5.550%, 01/01/2029 | $205000 | $212574 |
| &nbsp;&nbsp;&nbsp;5.302%, 01/01/2028 | 20000 | 20462 |
| &nbsp;&nbsp;&nbsp;5.289%, 01/01/2033 | 720000 | 755131 |
| &nbsp;&nbsp;&nbsp;5.260%, 07/01/2026 | 100000 | 100647 |
| &nbsp;&nbsp;&nbsp;5.239%, 07/01/2032 | 585000 | 613351 |
| &nbsp;&nbsp;&nbsp;5.232%, 01/01/2027 | 20000 | 20236 |
| &nbsp;&nbsp;&nbsp;5.076%, 01/01/2032 | 525000 | 547158 |
| &nbsp;&nbsp;&nbsp;5.056%, 07/01/2031 | 300000 | 312920 |
| &nbsp;&nbsp;&nbsp;5.026%, 01/01/2031 | 300000 | 312805 |
| &nbsp;&nbsp;&nbsp;4.976%, 07/01/2030 | 150000 | 156084 |
| &nbsp;&nbsp;&nbsp;4.828%, 01/01/2030 | 155000 | 160327 |
| &nbsp;&nbsp;&nbsp;4.818%, 07/01/2029 | 250000 | 258136 |
| &nbsp;&nbsp;&nbsp;4.788%, 07/01/2028 | 125000 | 128259 |
| &nbsp;&nbsp;&nbsp;4.661%, 01/01/2028 | 100000 | 101973 |
| &nbsp;&nbsp;&nbsp;4.631%, 07/01/2027 | 275000 | 278978 |
| &nbsp;&nbsp;&nbsp;4.549%, 01/01/2027 | 5000 | 5044 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2032 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.887%, 07/01/2033 | 255000 | 273318 |
| &nbsp;&nbsp;&nbsp;5.867%, 01/01/2033 | 270000 | 288812 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser B, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.489%, 07/01/2034 | 500000 | 523725 |
| &nbsp;&nbsp;&nbsp;5.419%, 01/01/2034 | 1480000 | 1550346 |
| &nbsp;&nbsp;&nbsp;5.339%, 07/01/2033 | 390000 | 408525 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.194%, 07/01/2030 | 135000 | 139398 |
| &nbsp;&nbsp;&nbsp;4.976%, 07/01/2033 | 330000 | 338760 |
| &nbsp;&nbsp;&nbsp;4.756%, 07/01/2032 | 200000 | 204297 |
| &nbsp;&nbsp;&nbsp;4.656%, 07/01/2031 | 295000 | 301814 |
| &nbsp;&nbsp;&nbsp;4.479%, 07/01/2030 | 755000 | 770082 |
| &nbsp;&nbsp;&nbsp;4.389%, 07/01/2029 | 270000 | 274902 |
| &nbsp;&nbsp;&nbsp;4.259%, 07/01/2028 | 410000 | 415415 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.176%, 01/01/2035 | 885000 | 907557 |
| &nbsp;&nbsp;&nbsp;5.126%, 07/01/2034 | 1280000 | 1314319 |
| &nbsp;&nbsp;&nbsp;5.076%, 01/01/2034 | 1000000 | 1028071 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;2.200%, 07/01/2041 | 55000 | 54409 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.009%, 07/01/2030 | 565000 | 580558 |
| &nbsp;&nbsp;&nbsp;4.959%, 01/01/2030 | 625000 | 640517 |
| &nbsp;&nbsp;&nbsp;4.941%, 01/01/2031 | 600000 | 622994 |
| &nbsp;&nbsp;&nbsp;4.919%, 07/01/2029 | 605000 | 618484 |
| &nbsp;&nbsp;&nbsp;4.869%, 01/01/2029 | 585000 | 596399 |
| &nbsp;&nbsp;&nbsp;4.819%, 07/01/2028 | 560000 | 569232 |
| &nbsp;&nbsp;&nbsp;4.789%, 01/01/2028 | 185000 | 187481 |
| &nbsp;&nbsp;&nbsp;4.737%, 07/01/2030 | 825000 | 849786 |
| &nbsp;&nbsp;&nbsp;4.687%, 01/01/2030 | 1000000 | 1029038 |
| &nbsp;&nbsp;&nbsp;4.627%, 07/01/2029 | 350000 | 359100 |
| &nbsp;&nbsp;&nbsp;4.567%, 01/01/2029 | 325000 | 332398 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **56** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;4.474%, 07/01/2028 | $350000 | $356412 |
| &nbsp;&nbsp;&nbsp;4.414%, 01/01/2028 | 300000 | 304396 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser H, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.154%, 01/01/2033 | 1325000 | 1374650 |
| &nbsp;&nbsp;&nbsp;5.104%, 07/01/2032 | 65000 | 67266 |
| &nbsp;&nbsp;&nbsp;5.024%, 01/01/2032 | 630000 | 649640 |
| &nbsp;&nbsp;&nbsp;4.912%, 07/01/2031 | 620000 | 636308 |
| &nbsp;&nbsp;&nbsp;4.872%, 01/01/2031 | 600000 | 614658 |
| &nbsp;&nbsp;&nbsp;4.822%, 07/01/2030 | 1175000 | 1201008 |
| &nbsp;&nbsp;&nbsp;4.802%, 01/01/2030 | 575000 | 586940 |
| &nbsp;&nbsp;&nbsp;4.745%, 07/01/2029 | 420000 | 427647 |
| &nbsp;&nbsp;&nbsp;4.645%, 01/01/2029 | 550000 | 557980 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser H, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/01/2033 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.204%, 07/01/2033 | 1345000 | 1399036 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.028%, 01/01/2034 | 1300000 | 1331849 |
| &nbsp;&nbsp;&nbsp;4.888%, 07/01/2033 | 465000 | 474288 |
| &nbsp;&nbsp;&nbsp;4.858%, 01/01/2033 | 465000 | 474712 |
| &nbsp;&nbsp;&nbsp;4.538%, 07/01/2032 | 250000 | 253117 |
| &nbsp;&nbsp;&nbsp;4.528%, 01/01/2032 | 350000 | 354841 |
| &nbsp;&nbsp;&nbsp;4.488%, 07/01/2031 | 350000 | 355012 |
| &nbsp;&nbsp;&nbsp;4.398%, 01/01/2031 | 300000 | 303907 |
| &nbsp;&nbsp;&nbsp;4.160%, 07/01/2030 | 250000 | 252029 |
| &nbsp;&nbsp;&nbsp;4.070%, 01/01/2030 | 420000 | 422907 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser I, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/01/2034 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.108%, 01/01/2035 | 500000 | 511511 |
| &nbsp;&nbsp;&nbsp;5.078%, 07/01/2034 | 870000 | 891177 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser J, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.858%, 07/01/2032 | 500000 | 513440 |
| &nbsp;&nbsp;&nbsp;4.798%, 01/01/2032 | 320000 | 328683 |
| &nbsp;&nbsp;&nbsp;4.663%, 07/01/2031 | 450000 | 460575 |
| &nbsp;&nbsp;&nbsp;4.603%, 01/01/2031 | 290000 | 296793 |
| &nbsp;&nbsp;&nbsp;4.513%, 01/01/2030 | 515000 | 526537 |
| &nbsp;&nbsp;&nbsp;4.513%, 07/01/2030 | 460000 | 469813 |
| &nbsp;&nbsp;&nbsp;4.356%, 07/01/2029 | 215000 | 218684 |
| &nbsp;&nbsp;&nbsp;4.306%, 07/01/2028 | 165000 | 167373 |
| &nbsp;&nbsp;&nbsp;4.306%, 01/01/2029 | 340000 | 345266 |
| &nbsp;&nbsp;&nbsp;4.292%, 07/01/2026 | 200000 | 200622 |
| &nbsp;&nbsp;&nbsp;4.250%, 01/01/2027 | 300000 | 301718 |
| &nbsp;&nbsp;&nbsp;4.250%, 07/01/2027 | 250000 | 252168 |
| &nbsp;&nbsp;&nbsp;4.246%, 01/01/2028 | 200000 | 202290 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser J, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 07/01/2032 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.058%, 07/01/2034 | 150000 | 152959 |
| &nbsp;&nbsp;&nbsp;5.008%, 01/01/2034 | 600000 | 612690 |
| &nbsp;&nbsp;&nbsp;4.968%, 07/01/2033 | 1205000 | 1233343 |
| &nbsp;&nbsp;&nbsp;4.908%, 01/01/2033 | 500000 | 512360 |
| &nbsp;&nbsp;&nbsp;**Utah State Housing Corp., Ser K, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/03/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.000%, 07/01/2055 (b) | 4000000 | 4000000 |
|  |  | 49237415 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **57** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**Virginia - 0.25%** |  |  |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.737%, 04/01/2029 | $380000 | $392840 |
| &nbsp;&nbsp;&nbsp;3.250%, 08/25/2042 | 56893 | 52494 |
| &nbsp;&nbsp;&nbsp;3.125%, 11/25/2039 | 373660 | 341980 |
| &nbsp;&nbsp;&nbsp;3.100%, 06/25/2041 | 2108612 | 1917706 |
| &nbsp;&nbsp;&nbsp;2.950%, 10/25/2049 | 862875 | 723960 |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser C, RB** |  |  |
| &nbsp;&nbsp;&nbsp;4.250%, 10/25/2043 | 110978 | 109677 |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.568%, 10/01/2026 | 2000000 | 1994834 |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser E, RB** |  |  |
| &nbsp;&nbsp;&nbsp;1.519%, 06/01/2028 | 450000 | 424918 |
| &nbsp;&nbsp;&nbsp;1.319%, 06/01/2027 | 500000 | 481683 |
| &nbsp;&nbsp;&nbsp;0.985%, 06/01/2026 | 1230000 | 1212302 |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 12/24/2025 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;3.400%, 12/01/2026 | 500000 | 497649 |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser F, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/01/2034 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;4.612%, 07/01/2034 | 400000 | 401903 |
| &nbsp;&nbsp;&nbsp;**Virginia State Housing Development Authority, Ser J, RB** |  |  |
| &nbsp;&nbsp;&nbsp;1.690%, 11/01/2027 | 725000 | 696459 |
| &nbsp;&nbsp;&nbsp;1.437%, 11/01/2026 | 400000 | 391270 |
|  |  | 9639675 |
| &nbsp;&nbsp;&nbsp;**Washington - 0.10%** |  |  |
| &nbsp;&nbsp;&nbsp;**King County Housing Authority, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 01/18/2026 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;6.375%, 12/31/2046 | 3390000 | 3398005 |
| &nbsp;&nbsp;&nbsp;**King County Housing Authority, Ser C, GO** |  |  |
| &nbsp;&nbsp;&nbsp;1.690%, 12/01/2028 | 265000 | 249098 |
| &nbsp;&nbsp;&nbsp;1.400%, 12/01/2026 | 310000 | 302573 |
|  |  | 3949676 |
| &nbsp;&nbsp;&nbsp;**West Virginia - 0.07%** |  |  |
| &nbsp;&nbsp;&nbsp;**West Virginia State Housing Development Fund, Ser A, RB** |  |  |
| &nbsp;&nbsp;&nbsp;3.200%, 11/01/2028 | 380000 | 376029 |
| &nbsp;&nbsp;&nbsp;**West Virginia State Housing Development Fund, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;5.350%, 11/01/2033 | 460000 | 489183 |
| &nbsp;&nbsp;&nbsp;5.050%, 11/01/2032 | 575000 | 603145 |
| &nbsp;&nbsp;&nbsp;4.910%, 11/01/2031 | 200000 | 209105 |
| &nbsp;&nbsp;&nbsp;4.460%, 11/01/2029 | 175000 | 179764 |
| &nbsp;&nbsp;&nbsp;**West Virginia State Housing Development Fund, Ser D, RB** |  |  |
| &nbsp;&nbsp;&nbsp;**Callable 05/01/2034 @ 100** |  |  |
| &nbsp;&nbsp;&nbsp;5.500%, 05/01/2035 | 545000 | 578361 |
| &nbsp;&nbsp;&nbsp;5.450%, 11/01/2034 | 400000 | 425241 |
|  |  | 2860828 |
| &nbsp;&nbsp;&nbsp;**TOTAL MUNICIPAL BONDS (Cost $497,915,484)** |  | 496975641 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **58** | **The CCM Community Impact Bond Fund** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| **U.S. TREASURY OBLIGATIONS - 8.93%** |  |  |
| &nbsp;&nbsp;&nbsp;**U.S. Treasury Notes** |  |  |
| &nbsp;&nbsp;&nbsp;4.88%, 10/31/2030 | $4793000 | $5064479 |
| &nbsp;&nbsp;&nbsp;4.38%, 11/30/2030 | 5000000 | 5172266 |
| &nbsp;&nbsp;&nbsp;4.25%, 01/31/2030 | 6381000 | 6548501 |
| &nbsp;&nbsp;&nbsp;4.25%, 08/15/2035 | 38336000 | 39102720 |
| &nbsp;&nbsp;&nbsp;4.13%, 11/15/2027 | 52000000 | 52599219 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/15/2027 | 9400000 | 9492531 |
| &nbsp;&nbsp;&nbsp;4.00%, 01/31/2031 | 7935000 | 8072623 |
| &nbsp;&nbsp;&nbsp;4.00%, 07/31/2032 | 500000 | 506953 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/15/2035 | 23430000 | 23400712 |
| &nbsp;&nbsp;&nbsp;3.88%, 06/15/2028 | 23350000 | 23572555 |
| &nbsp;&nbsp;&nbsp;3.88%, 04/30/2030 | 78316000 | 79276595 |
| &nbsp;&nbsp;&nbsp;3.88%, 07/31/2030 | 6000000 | 6073125 |
| &nbsp;&nbsp;&nbsp;3.88%, 08/15/2033 | 3674000 | 3682037 |
| &nbsp;&nbsp;&nbsp;3.63%, 08/15/2028 | 35000000 | 35125781 |
| &nbsp;&nbsp;&nbsp;3.63%, 08/31/2030 | 8000000 | 8010000 |
| &nbsp;&nbsp;&nbsp;3.63%, 10/31/2030 | 6965000 | 6972618 |
| &nbsp;&nbsp;&nbsp;3.50%, 10/15/2028 | 9000000 | 9002109 |
| &nbsp;&nbsp;&nbsp;3.50%, 01/31/2030 | 3750000 | 3740625 |
| &nbsp;&nbsp;&nbsp;3.38%, 09/15/2028 | 18000000 | 17946562 |
| &nbsp;&nbsp;&nbsp;**TOTAL U.S. TREASURY OBLIGATIONS (Cost $339,635,091)** |  | 343362011 |
| **ASSET-BACKED SECURITIES - 2.94%** |  |  |
| &nbsp;&nbsp;&nbsp;**Other Asset-Backed Securities - 2.94%** |  |  |
| &nbsp;&nbsp;&nbsp;**Dividend Solar Loans** |  |  |
| &nbsp;&nbsp;&nbsp;3.67%, 08/22/2039 (c) | 2465853 | 2283486 |
| &nbsp;&nbsp;&nbsp;**GoodLeap Sustainable Home Solutions Trust** |  |  |
| &nbsp;&nbsp;&nbsp;6.50%, 07/20/2055 (c) | 2166268 | 2170009 |
| &nbsp;&nbsp;&nbsp;2.70%, 01/20/2049 (c) | 1600437 | 1426871 |
| &nbsp;&nbsp;&nbsp;2.10%, 05/20/2048 (c) | 5849733 | 4573851 |
| &nbsp;&nbsp;&nbsp;1.93%, 07/20/2048 (c) | 4598914 | 3794469 |
| &nbsp;&nbsp;&nbsp;**Loanpal Solar Loan** |  |  |
| &nbsp;&nbsp;&nbsp;2.47%, 12/20/2047 (c) | 1687847 | 1440328 |
| &nbsp;&nbsp;&nbsp;2.29%, 01/20/2048 (c) | 5788836 | 4802794 |
| &nbsp;&nbsp;&nbsp;2.22%, 03/20/2048 (c) | 2724682 | 2189836 |
| &nbsp;&nbsp;&nbsp;**Mill City Solar Loan** |  |  |
| &nbsp;&nbsp;&nbsp;4.34%, 03/20/2043 (c) | 4430021 | 4180997 |
| &nbsp;&nbsp;&nbsp;3.69%, 07/20/2043 (c) | 1339904 | 1172597 |
| &nbsp;&nbsp;&nbsp;**Mosaic Solar Loan Trust** |  |  |
| &nbsp;&nbsp;&nbsp;6.10%, 06/20/2053 (c) | 2488076 | 2449701 |
| &nbsp;&nbsp;&nbsp;5.50%, 09/20/2049 (c) | 1131705 | 1091901 |
| &nbsp;&nbsp;&nbsp;4.45%, 06/20/2042 (c) | 627868 | 604182 |
| &nbsp;&nbsp;&nbsp;4.38%, 01/21/2053 (c) | 1191669 | 1082022 |
| &nbsp;&nbsp;&nbsp;4.20%, 02/22/2044 (c) | 5874490 | 5524688 |
| &nbsp;&nbsp;&nbsp;4.01%, 06/22/2043 (c) | 1509800 | 1440715 |
| &nbsp;&nbsp;&nbsp;3.82%, 06/22/2043 (c) | 2193211 | 2081924 |
| &nbsp;&nbsp;&nbsp;2.64%, 01/20/2053 (c) | 3347503 | 2778544 |
| &nbsp;&nbsp;&nbsp;2.10%, 04/20/2046 (c) | 1688249 | 1484278 |
| &nbsp;&nbsp;&nbsp;1.64%, 04/22/2047 (c) | 6518666 | 5444166 |
| &nbsp;&nbsp;&nbsp;1.51%, 12/20/2046 (c) | 3583631 | 3013086 |
| &nbsp;&nbsp;&nbsp;1.44%, 08/20/2046 (c) | 2520109 | 2149339 |
| &nbsp;&nbsp;&nbsp;1.44%, 06/20/2052 (c) | 4806144 | 3966382 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **59** 

---

| | | |
|:---|:---|:---|
|  | **Principal <br> Amount** | **Value** |
| &nbsp;&nbsp;&nbsp;**Oportun Issuance Trust** |  |  |
| &nbsp;&nbsp;&nbsp;5.86%, 02/09/2032 (c) | $194871 | $194924 |
| &nbsp;&nbsp;&nbsp;2.18%, 10/08/2031 (c) | 3741424 | 3673524 |
| &nbsp;&nbsp;&nbsp;1.47%, 05/08/2031 (c) | 4842120 | 4744308 |
| &nbsp;&nbsp;&nbsp;**Sunnova Helios II** |  |  |
| &nbsp;&nbsp;&nbsp;1.62%, 07/20/2048 (c) | 10186176 | 8982523 |
| &nbsp;&nbsp;&nbsp;**Sunnova Helios IV** |  |  |
| &nbsp;&nbsp;&nbsp;2.98%, 06/20/2047 (c) | 2118278 | 1901939 |
| &nbsp;&nbsp;&nbsp;**Sunnova Helios V** |  |  |
| &nbsp;&nbsp;&nbsp;1.80%, 02/20/2048 (c) | 1958252 | 1518584 |
| &nbsp;&nbsp;&nbsp;**Sunnova Helios XI Issuer** |  |  |
| &nbsp;&nbsp;&nbsp;5.30%, 05/20/2050 (c) | 6563015 | 5745902 |
| &nbsp;&nbsp;&nbsp;**Sunnova Helios XII Issuer** |  |  |
| &nbsp;&nbsp;&nbsp;5.30%, 08/22/2050 (c) | 7911748 | 7785279 |
| &nbsp;&nbsp;&nbsp;**Sunnova Hestia I Issuer** |  |  |
| &nbsp;&nbsp;&nbsp;5.75%, 12/20/2050 (c) | 11615591 | 11819909 |
| &nbsp;&nbsp;&nbsp;**Sunnova Sol IV** |  |  |
| &nbsp;&nbsp;&nbsp;2.79%, 02/22/2049 (c) | 6370691 | 5582284 |
| &nbsp;&nbsp;&nbsp;**TOTAL ASSET-BACKED SECURITIES (Cost $124,929,953)** |  | 113095342 |
| **NON-AGENCY CMBS - 0.38%** |  |  |
| &nbsp;&nbsp;&nbsp;**BX Commercial Mortgage Trust** |  |  |
| &nbsp;&nbsp;&nbsp;4.95%, TSFR1M + 0.990%, 01/17/2039 (b) (c) | 14550000 | 14505886 |
| &nbsp;&nbsp;&nbsp;**TOTAL NON-AGENCY CMBS (Cost $14,516,504)** |  | 14505886 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | |
| **SHORT-TERM INVESTMENTS - 1.82%** | |  |
| &nbsp;&nbsp;&nbsp;**Money Market Fund - 1.20%** |  |  |
| &nbsp;&nbsp;&nbsp;First American Government Obligations Fund, Cl X, 3.92% (d) | 46349722 | 46349722 |
| &nbsp;&nbsp;&nbsp;**Bank Deposit - 0.62%** |  |  |
| &nbsp;&nbsp;&nbsp;TriState Capital, 4.17%, 11/01/2026 (d) | 23796179 | 23796179 |
| &nbsp;&nbsp;&nbsp;**TOTAL SHORT-TERM INVESTMENTS (Cost $70,145,901)** |  | 70145901 |
| &nbsp;&nbsp;&nbsp;**Total Investments (Cost $3,977,692,246) - 99.83%** |  | $3839409901 |
| &nbsp;&nbsp;&nbsp;**Other Assets Exceeding Liabilities, Net - 0.17%** |  | 6485580 |
| &nbsp;&nbsp;&nbsp;**NET ASSETS - 100.00%** |  | $3845895481 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **60** | **The CCM Community Impact Bond Fund** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Security is valued using significant unobservable inputs and is classified as Level
 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable or floating rate security. The rate shown is the effective interest rate as
 of November 30, 2025. The rates on certain securities are not based on published reference rates and spreads and are either determined
 by the issuer or agent based on current market conditions, by using a formula based on the rates of underlying loans, or by adjusting
 periodically based on prevailing interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Securities exempt from registration pursuant to Rule 144A under the Securities Act of
 1933, as amended. These securities may only be resold to qualified institutional buyers in transactions exempt from registration. At November
 30, 2025, these securities amounted to $155,715,575, which represents 4.05% of total net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The rate shown is the 7-day effective yield as of November 30, 2025.

Cl — Class

CMBS— Commercial Mortgage-Backed Securities

FGLMC— Federal Housing Loan Mortgage Corporation Gold 30-Year Fixed

FHA— Federal Housing Administration

FHLMC — Federal Home Loan Mortgage Corporation

FHMS —Federal Housing Offered Guaranteed Certificates Series

FNMA — Federal National Mortgage Association

FRESB — Freddie Mac Small Balance Mortgage Trust

GNMA — Government National Mortgage Association

GO — General Obligation

HUD — Housing and Urban Development

PRIME — Prime Rate

RB — Revenue Bond

Ser — Series

SOFR30A — 30-Day Average Secured Overnight Finance Rate (SOFR)

SOFRRATE — U.S. Secured Overnight Finance Rate

TA — Tax Allocation

TSFR1M —Term Secured Overnight Finance Rate 1-Month

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **61** 

The following table sets forth information about the level within the fair value hierarchy at which the Fund's investments are measured at November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Assets | Level 1 | Level 2 | Level 3<sup>(1)</sup> | Total |
| &nbsp;&nbsp;&nbsp;U.S. Government & Agency Obligations | $— | $2269500243 | $4833951 | $2274334194 |
| &nbsp;&nbsp;&nbsp;Corporate Bonds |  | 526990926 |  | 526990926 |
| &nbsp;&nbsp;&nbsp;Municipal Bonds |  | 496975641 |  | 496975641 |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Obligations |  | 343362011 |  | 343362011 |
| &nbsp;&nbsp;&nbsp;Asset-Backed Securities |  | 113095342 |  | 113095342 |
| &nbsp;&nbsp;&nbsp;Non-Agency CMBS |  | 14505886 |  | 14505886 |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | 70145901 |  |  | 70145901 |
| Total Investments in Securities | $70145901 | $3764430049 | $4833951 \* | $3839409901 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) A reconciliation of Level 3 investments is presented when the Fund has a significant
 amount of Level 3 investments at the end of the period in relation to net assets. Management has concluded that Level 3 investments are
 not material in relation to net assets.

\* Represents securities valued at fair value as determined by the Advisor in accordance with procedures adopted by the Board of Trustees. Refer to the Schedule of Investments for details.

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **62** | **The CCM Community Impact Bond Fund** |

---

*Statement of Assets and Liabilities as of November 30, 2025*

---

| | |
|:---|:---|
| **Assets:** | |
| &nbsp;&nbsp;&nbsp;Investments, at fair value (identified cost — $3,977,692,246) | $3839409901 |
| &nbsp;&nbsp;&nbsp;Receivables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest | 22037124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital shares sold | 2270831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment securities sold | 428688 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 253940 |
| &nbsp;&nbsp;&nbsp;Total Assets | $3864400484 |
| **Liabilities:** |  |
| &nbsp;&nbsp;&nbsp;Payables: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment securities purchased | $10301636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributions to Shareholders | 3578270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital shares redeemed | 2612410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment advisory fees | 918367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to Custodian | 335104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distribution fees - CRA Shares | 242133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Special administrative service fees - CRA Shares | 193708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administration fees | 131859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trustees' fees | 25295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Compliance Officer fees | 6772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distribution fees - Retail Shares | 4194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholder servicing fees - Retail Shares | 2557 |
| &nbsp;&nbsp;&nbsp;Other accrued expenses | 152698 |
| &nbsp;&nbsp;&nbsp;Total Liabilities | $18505003 |
| **Net Assets:** | $**3845895481** |
| &nbsp;&nbsp;&nbsp;Net Assets consist of: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in capital | $4185898476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Accumulated Losses | (340002995) |
| &nbsp;&nbsp;&nbsp;Net Assets | $3845895481 |
| &nbsp;&nbsp;&nbsp;Net Assets — CRA Shares (Unlimited shares of beneficial interest with no par value authorized; 126,148,052 shares outstanding) | $1221225160 |
| &nbsp;&nbsp;&nbsp;Net Assets — Institutional Shares (Unlimited shares of beneficial interest with no par value authorized; 268,206,466 shares outstanding) | $2592808790 |
| &nbsp;&nbsp;&nbsp;Net Assets — Retail Shares (Unlimited shares of beneficial interest with no par value authorized; 3,296,723 shares outstanding) | $31861531 |
| &nbsp;&nbsp;&nbsp;Net Asset Value, offering and redemption price per share — CRA Shares | $9.68 |
| &nbsp;&nbsp;&nbsp;Net Asset Value, offering and redemption price per share — Institutional Shares | $9.67 |
| &nbsp;&nbsp;&nbsp;Net Asset Value, offering and redemption price per share — Retail Shares | $9.66 |

---

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **63** 

*Statement of Operations for the six-month period ended November 30, 2025*

---

| | |
|:---|:---|
| **Investment Income:** | |
| &nbsp;&nbsp;&nbsp;Interest | $73563973 |
| &nbsp;&nbsp;&nbsp;Dividends | 843407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment income | 74407380 |
| **Expenses:** |  |
| &nbsp;&nbsp;&nbsp;Investment advisory fees | 5685069 |
| &nbsp;&nbsp;&nbsp;Distribution fees — CRA Shares | 1570302 |
| &nbsp;&nbsp;&nbsp;Distribution fees — Retail Shares | 41959 |
| &nbsp;&nbsp;&nbsp;Special administrative services fees — CRA Shares | 1256255 |
| &nbsp;&nbsp;&nbsp;Accounting and administration fees | 824727 |
| &nbsp;&nbsp;&nbsp;Trustees' fees | 289477 |
| &nbsp;&nbsp;&nbsp;Chief Compliance Officer fees | 139623 |
| &nbsp;&nbsp;&nbsp;Shareholder servicing fees — Retail Shares | 16784 |
| &nbsp;&nbsp;&nbsp;Professional fees | 251943 |
| &nbsp;&nbsp;&nbsp;Custodian fees | 185850 |
| &nbsp;&nbsp;&nbsp;Transfer agent fees | 129195 |
| &nbsp;&nbsp;&nbsp;Insurance expense | 125431 |
| &nbsp;&nbsp;&nbsp;Registration and filing expenses | 54908 |
| &nbsp;&nbsp;&nbsp;Printing fees | 45662 |
| &nbsp;&nbsp;&nbsp;Other | 252111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total expenses | 10869296 |
| &nbsp;&nbsp;&nbsp;Net investment income | 63538084 |
| **Realized (loss) on:** |  |
| &nbsp;&nbsp;&nbsp;Investments | (3078579) |
| &nbsp;&nbsp;&nbsp;**Net realized loss** | (3078579) |
| **Unrealized appreciation (depreciation):** |  |
| &nbsp;&nbsp;&nbsp;Investments | 96872113 |
| &nbsp;&nbsp;&nbsp;**Net change in unrealized appreciation (depreciation)** | 96872113 |
| &nbsp;&nbsp;&nbsp;**Net realized and unrealized gain on investments** | 93793534 |
| **Net increase in net assets resulting from operations:** | $**157331618** |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **64** | **The CCM Community Impact Bond Fund** |

---

*Statements of Changes in Net Assets* 

---

| | | |
|:---|:---|:---|
|  | **For the**<br> **Six-Month Period**<br> **Ended**<br> **November 30, 2025**<br> **(Unaudited)** | **For the**<br> **Fiscal Year**<br> **Ended**<br> **May 31, 2025** |
| Operations: |  |  |
| Net investment income | $63538084 | $117696816 |
| Net realized loss | (3078579) | (13058263) |
| Net change in unrealized appreciation (depreciation) | 96872113 | 85469966 |
| Net increase in net assets resulting from operations | 157331618 | 190108519 |
| Distributions to Shareholders |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CRA Shares | (19113839) | (35720409) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Institutional Shares | (43908404) | (81316946) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retail Shares | (521296) | (1123392) |
| &nbsp;&nbsp;&nbsp;Total distributions | (63543539) | (118160747) |
| Capital share transactions: |  |  |
| &nbsp;&nbsp;&nbsp;CRA Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 3652692 | 148337433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares reinvested | 4660581 | 9068277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (121520140) | (22647966) |
| &nbsp;&nbsp;&nbsp;Net increase (decrease) | (113206867) | 134757744 |
| &nbsp;&nbsp;&nbsp;Institutional Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 366778940 | 587092082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares reinvested | 36325900 | 67464205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (225098835) | (585116491) |
| &nbsp;&nbsp;&nbsp;Net increase | 178006005 | 69439796 |
| &nbsp;&nbsp;&nbsp;Retail Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 4689813 | 10631604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares reinvested | 481923 | 1040604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (9057805) | (15585003) |
| &nbsp;&nbsp;&nbsp;Net decrease | (3886069) | (3912795) |
| Increase in net assets from capital share transactions | 60913069 | 200284745 |
| Increase in net assets | 154701148 | 272232517 |
| **Net Assets:** |  |  |
| Beginning of period/year | 3691194333 | 3418961816 |
| End of period/year | $3845895481 | $3691194333 |

---

The accompanying notes are an integral part of the financial statements.

**65**

---

| | | |
|:---|:---|:---|
| **Share Transactions:** | **For the Six-Month Period Ended November 30, 2025 (Unaudited)** | **For the Fiscal Year Ended May 31, 2025** |
| &nbsp;&nbsp;&nbsp;CRA Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 376816 | 15734740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares reinvested | 486008 | 957941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (12706953) | (2406188) |
| &nbsp;&nbsp;&nbsp;Increase (decrease) in shares | (11844129) | 14286493 |
| &nbsp;&nbsp;&nbsp;CRA Shares outstanding at beginning of period/year | 137992181 | 123705688 |
| &nbsp;&nbsp;&nbsp;CRA Shares at end of period/year | 126148052 | 137992181 |
| &nbsp;&nbsp;&nbsp;Institutional Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 38328147 | 62207285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares reinvested | 3791898 | 7136417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (23485247) | (61813901) |
| &nbsp;&nbsp;&nbsp;Increase in shares | 18634798 | 7529801 |
| &nbsp;&nbsp;&nbsp;Institutional Shares outstanding at beginning of period/ year | 249571668 | 242041867 |
| &nbsp;&nbsp;&nbsp;Institutional Shares at end of period/year | 268206466 | 249571668 |
| &nbsp;&nbsp;&nbsp;Retail Shares |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued | 489706 | 1124430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares reinvested | 50348 | 110083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares redeemed | (946591) | (1648068) |
| &nbsp;&nbsp;&nbsp;Decrease in shares | (406537) | (413555) |
| &nbsp;&nbsp;&nbsp;Retail Shares outstanding at beginning of period/year | 3703260 | 4116815 |
| &nbsp;&nbsp;&nbsp;Retail Shares at end of period/year | 3296723 | 3703260 |

---

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **66** | **The CCM Community Impact Bond Fund** |

---

*Financial Highlights - Per share data (for a share outstanding throughout each period/year)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| CRA Shares |  |  |  |  |  |  |
|  | For the Six-Month Period Ended November 30, 2025 (Unaudited) | For the Fiscal Year Ended May 31, 2025 | For the Fiscal Year Ended May 31, 2024 | For the Fiscal Year Ended May 31, 2023 | For the Fiscal Year Ended May 31, 2022 | For the Fiscal Year Ended May 31, 2021 |
| Net Asset Value, Beginning of Period/Year | $9.44 | $9.25 | $9.40 | $9.83 | $10.70 | $10.86 |
| &nbsp;&nbsp;&nbsp;Investment Operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(a)</sup> | 0.15 | 0.28 | 0.25 | 0.19 | 0.09 | 0.13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 0.24 | 0.19 | (0.15) | (0.43) | (0.84) | (0.12) |
| Total from investment operations | 0.39 | 0.47 | 0.10 | (0.24) | (0.75) | 0.01 |
| Distributions from: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income | (0.15) | (0.28) | (0.25) | (0.19) | (0.12) | (0.17) |
| Total distributions | (0.15) | (0.28) | (0.25) | (0.19) | (0.12) | (0.17) |
| Net Asset Value, End of Period/Year | $9.68 | $9.44 | $9.25 | $9.40 | $9.83 | $10.70 |
| Total return<sup>(b)</sup> | 4.12% | 5.13% | 1.15% | (2.41)% | (7.10)% | (0.01)% |
| Ratios/Supplemental Data |  |  |  |  |  |  |
| Net assets, end of period/year (in 000s) | $1221225 | $1303002 | $1144589 | $1201110 | $1315646 | $1444440 |
| Ratio of expenses to average net assets | 0.87 %<sup>(c)</sup> | 0.87% | 0.87% | 0.89% | 0.88% | 0.90% |
| Ratio of net investment income to average net assets | 3.05 %<sup>(c)</sup> | 2.96% | 2.72% | 1.95% | 0.85% | 1.17% |
| Portfolio turnover rate | 16 %<sup>(d)</sup> | 28% | 32% | 42% | 55% | 49% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based on the average daily number of shares outstanding during the period/year.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Returns are for the period indicated and have not been annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Not Annualized.

The accompanying notes are an integral part of the financial statements.

**67**

*Financial Highlights - Per share data (for a share outstanding throughout each period/year)* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Institutional Shares |  |  |  |  |  |  |
|  | For the Six-Month Period Ended November 30, 2025 (Unaudited) | For the Fiscal Year Ended May 31, 2025 | For the Fiscal Year Ended May 31, 2024 | For the Fiscal Year Ended May 31, 2023 | For the Fiscal Year Ended May 31, 2022 | For the Fiscal Year Ended May 31, 2021 |
| Net Asset Value, Beginning of Period/Year | $9.43 | $9.24 | $9.39 | $9.82 | $10.69 | $10.85 |
| &nbsp;&nbsp;&nbsp;Investment Operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(a)</sup> | 0.17 | 0.32 | 0.29 | 0.23 | 0.14 | 0.17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 0.24 | 0.19 | (0.14) | (0.42) | (0.85) | (0.11) |
| Total from investment operations | 0.41 | 0.51 | 0.15 | (0.19) | (0.71) | 0.06 |
| Distributions from: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income | (0.17) | (0.32) | (0.30) | (0.24) | (0.16) | (0.22) |
| Total distributions | (0.17) | (0.32) | (0.30) | (0.24) | (0.16) | (0.22) |
| Net Asset Value, End of Period/Year | $9.67 | $9.43 | $9.24 | $9.39 | $9.82 | $10.69 |
| Total return<sup>(b)</sup> | 4.36% | 5.61% | 1.61% | (1.97)% | (6.69)% | 0.45% |
| Ratios/Supplemental Data |  |  |  |  |  |  |
| Net assets, end of period/year (in 000s) | $2592809 | $2353283 | $2236344 | $2016310 | $1892894 | $1528900 |
| Ratio of expenses to average net assets | 0.42 %<sup>(c)</sup> | 0.42% | 0.42% | 0.44% | 0.43% | 0.45% |
| Ratio of net investment income to average net assets | 3.51 %<sup>(c)</sup> | 3.41% | 3.17% | 2.41% | 1.31% | 1.60% |
| Portfolio turnover rate | 16 %<sup>(d)</sup> | 28% | 32% | 42% | 55% | 49% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based on the average daily number of shares outstanding during the period/year.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Returns are for the period indicated and have not been annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Not Annualized.

The accompanying notes are an integral part of the financial statements.

---

| | |
|:---|:---|
| **68** | **The CCM Community Impact Bond Fund** |

---

*Financial Highlights - Per share data (for a share outstanding throughout each period/year)* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Retail Shares |  |  |  |  |  |  |
|  | For the Six-Month Period Ended November 30, 2025 (Unaudited) | For the Fiscal Year Ended May 31, 2025 | For the Fiscal Year Ended May 31, 2024 | For the Fiscal Year Ended May 31, 2023 | For the Fiscal Year Ended May 31, 2022 | For the Fiscal Year Ended May 31, 2021 |
| Net Asset Value, Beginning of Period/Year | $9.43 | $9.24 | $9.38 | $9.82 | $10.68 | $10.85 |
| &nbsp;&nbsp;&nbsp;Investment Operations: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income<sup>(a)</sup> | 0.15 | 0.29 | 0.26 | 0.19 | 0.10 | 0.14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net realized and unrealized gain (loss) on investments | 0.23 | 0.19 | (0.14) | (0.43) | (0.83) | (0.13) |
| Total from investment operations | 0.38 | 0.48 | 0.12 | (0.24) | (0.73) | 0.01 |
| Distributions from: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Net investment income | (0.15) | (0.29) | (0.26) | (0.20) | (0.13) | (0.18) |
| Total distributions | (0.15) | (0.29) | (0.26) | (0.20) | (0.13) | (0.18) |
| Net Asset Value, End of Period/Year | $9.66 | $9.43 | $9.24 | $9.38 | $9.82 | $10.68 |
| Total return<sup>(b)</sup> | 4.07% | 5.24% | 1.36% | (2.42)% | (6.93)% | 0.00% |
| Ratios/Supplemental Data |  |  |  |  |  |  |
| Net assets, end of period/year (in 000s) | $31862 | $34909 | $38028 | $42657 | $49919 | $61200 |
| Ratio of expenses to average net assets | 0.77 %<sup>(c)</sup> | 0.77% | 0.77% | 0.79% | 0.78% | 0.80% |
| Ratio of net investment income to average net assets | 3.15 %<sup>(c)</sup> | 3.06% | 2.81% | 2.04% | 0.95% | 1.27% |
| Portfolio turnover rate | 16 %<sup>(d)</sup> | 28% | 32% | 42% | 55% | 49% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) Based on the average daily number of shares outstanding during the period/year.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Returns are for the period indicated and have not been annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Not Annualized.

The accompanying notes are an integral part of the financial statements.

*(Unaudited)* **69** 

*Notes to Financial Statements November 30, 2025*

Note 1 – ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES

Community Capital Trust (the "Trust") was organized as a Delaware business trust on January 15, 1999. The Trust is registered under the Investment Company Act of 1940, as amended (the "Act"), as an open-end management investment company. The CCM Community Impact Bond Fund (the "Fund") is currently the only series of the Trust. The financial statements herein are those of the Fund. The Fund is a diversified fund. The Fund offers three classes of shares of beneficial interest—CRA Shares, Institutional Shares and Retail Shares, (collectively, the "Shares"), which are substantially the same except that each class of shares has different expenses. The Fund commenced investment operations on August 30, 1999. Institutional Shares and Retail Shares commenced operations on March 2, 2007. Community Capital Management, LLC (the "Advisor") is the Fund's investment advisor. The assets of each series within the Trust, if any, are segregated, and a shareholder's interest is limited to the series in which shares are held.

The Fund is an investment company in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Therefore, the Fund follows the accounting and reporting guidance in the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946, Financial Services – Investment Companies. The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of its financial statements. The policies are in conformity with U.S. GAAP for investment companies.

***Security Valuation.*** The Fund's portfolio securities are priced based on the market value of those securities when market quotations for those securities are readily available. Securities for which quotations are not available and any other assets are valued at fair value as determined in good faith by the Advisor, as the Trust's valuation designee, subject to the oversight of the Trust's Board of Trustees. The Advisor, as the Fund's valuation designee, must use its business judgment in determining when a price for a particular security is not "readily available." In making this determination, the Advisor may consider all relevant factors, which may include, among other things: (i) a pricing service or quoting dealer no longer provides prices, or data is otherwise missing with respect to a particular security priced by that service or dealer; (ii) a price obtained from a pricing service is plainly in error; (iii) there is no market quotation available because the security is restricted or not actively traded; (iv) the security is "when-issued" or to be announced and the price is not available until the security has been "issued"; (v) the security's price includes a component for dividends or interest income accrued; (vi) prices obtained from a service regularly display unacceptable deviations from actual transactions in similar securities; (vii) the Advisor determines that matrix pricing provides a more accurate valuation; (viii) spreads between bids and asked prices are so large as to render them questionable; or (ix) a significant event occurs after the close of trading on a market in which a portfolio security trades and before the Fund's valuation time.

---

| | |
|:---|:---|
| **70** | **The CCM Community Impact Bond Fund** |

---

The use of fair valuation involves the risk that the values used by the Advisor to price the Fund's investments may be higher or lower than the values used by other unaffiliated investment companies and investors to price the same instruments.

Debt securities are valued by market bid quotation or independent pricing services which use bid prices provided by market makers or estimates of market values obtained from yield data relating to instruments or securities with similar characteristics. Discounts or premiums on debt securities are amortized to income over their prospective lives, using the effective interest method.

Fixed income debt instruments, such as commercial paper, bankers' acceptances and U.S. Treasury Bills, having a maturity of sixty (60) days or less at the time of acquisition, are valued at the evaluated price supplied by an independent pricing service.

Independent pricing services may use various valuation methodologies, including matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. In the absence of prices from an independent pricing service, the securities will be priced by the Advisor, as valuation designee, using the fair valuation procedures described below.

Debt securities with a remaining maturity of more than sixty (60) days shall be valued at representative quoted prices as provided by an independent pricing service. If the validity of pricing information on high yield bonds provided by pricing services appears to be unreliable, then dealer supplied quotes may be used to value those securities. If the validity of quotations appears to be unreliable or if the number of quotations indicates a thin market, then further consideration should be given to whether market quotations are readily available.

The value of agency commercial mortgage-backed securities and single family mortgage-backed securities may be determined by quotations from market makers, quotations with respect to similar securities, and matrix pricing. The value of asset-backed securities, municipal bonds, and corporate bonds may be determined by quotations from market makers, quotations with respect to similar securities and matrix pricing.

At November 30, 2025, the Fund held securities that were fair valued by the Advisor in accordance with procedures approved by the Board of Trustees in the amount of $4,833,951.

In accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP, the Fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to evaluation techniques used to measure the fair value. The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

*(Unaudited)* **71** 

● Level 1 — Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;

● Level 2 — Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

● Level 3 — Prices, inputs or proprietary modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3 whose fair value measurement considers several inputs may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

The unobservable inputs used to determine fair value of recurring Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement.

***Securities Purchased on a Delayed Delivery Basis.*** The Fund may purchase securities on a delayed delivery basis, with payment and delivery scheduled for a future date. These transactions are subject to market fluctuations and are subject to the risk that the value at delivery may be more or less than the trade date purchase price. Although the Fund will generally purchase these securities with the intention of holding the securities, it may sell the securities before the settlement date. The Fund will set aside liquid assets, or engage in other appropriate measures, to cover its obligations with respect to these securities.

***Mortgage-Backed To-Be-Announced Securities.*** The Fund may enter into mortgage-backed to-be-announced securities ("TBAs"). These financial instruments are subject to varying degrees of market and credit risk. TBAs provide for the delayed delivery of the underlying instrument. The contractual or notional amounts related to these financial instruments adjusted for unrealized market valuation gains or losses are recorded on a trade date basis. The credit risk related to settlements is limited to the unrealized market valuation gains or losses recorded in the Statement of Operations. Market risk is substantially dependent upon the value of the underlying financial instruments and is affected by market forces such as volatility and changes in interest rates.

---

| | |
|:---|:---|
| **72** | **The CCM Community Impact Bond Fund** |

---

***Investment Income and Securities Transactions.*** Security transactions are accounted for on the date the securities are purchased or sold. Realized gains and losses on sales of investments are determined on the basis of the identified cost for both financial statement and federal income tax purposes. Dividend income is recognized on the ex-dividend date or as soon as information is available to the Fund. Interest income is recognized on an accrual basis.

Amortization and accretion are calculated using the effective interest method. Amortization of premiums and accretion of discounts are included in interest income.

***Determination of Net Asset Value and Calculation of Expenses.*** In calculating the net asset value ("NAV") per share of each class, investment income, realized and unrealized gains and losses, and expenses other than class specific expenses are allocated daily to each class of shares based upon the proportion of net assets of each class. Class specific expenses are borne solely by the class incurring the expense.

***Federal Income Taxes.*** It is the policy of the Fund to comply with all requirements of the Internal Revenue Code of 1986, as amended (the "IRC") applicable to regulated investment companies and to distribute substantially all of its taxable income to its shareholders. Therefore, no Federal income tax provision is required.

The Fund evaluates tax positions taken or expected to be taken in the course of preparing the Fund's tax returns to determine whether it is "more-likely-than-not" (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions deemed to meet the more-likely-than-not threshold are recorded as a tax benefit in the current year. The Fund did not record any tax provision in the current period. However, management's conclusions regarding tax positions taken may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities (i.e., all open tax year ends, as applicable), on-going analysis of and changes to tax laws, regulations and interpretations thereof.

The Fund's U.S. federal income tax returns are generally subject to examination by the Internal Revenue Service for a period of three years after they are filed.

***Distributions to Shareholders.*** Dividends from net investment income are determined separately for each class of shares of the Fund and are declared and paid monthly and distributable net realized capital gains, if any, are declared and distributed at least annually. Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. GAAP.

***Use of Estimates.*** In preparing financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, as well as the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

*(Unaudited)* **7 3** 

***Indemnifications.*** Under the Fund's organizational documents, its officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Fund. In the normal course of business, the Fund enters into contracts that contain a variety of representations that provide general indemnifications. The Fund's maximum liability exposure under these arrangements is unknown, as future claims that have not yet occurred may be made against the Fund. However, based on experience, the Fund expects the risk of loss to be remote.

***Segment Reporting.*** In this reporting period, the Fund adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. Adoption of the new standard impacted financial statement disclosures only and did not affect the Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The management of the Fund's Advisor acts as the Fund's CODM. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is pre-determined in accordance with the Fund's single investment objective strategy which is executed by the Fund's portfolio managers as a team. The financial information in the form of the Fund's schedule of investments, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment's performance versus the Fund's comparative benchmarks and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the accompanying Statement of Assets and Liabilities as "Total Assets" and significant segment expenses are listed on the accompanying Statement of Operations.

---

| | |
|:---|:---|
| **74** | **The CCM Community Impact Bond Fund** |

---

Note 2 – CAPITAL SHARE TRANSACTIONS

Transactions in shares of the Fund for the six-months ended November 30, 2025 were as follows:

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Amount** |
| CRA Shares |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued | 376816 | $3652692 |
| &nbsp;&nbsp;&nbsp;Shares reinvested | 486008 | 4660581 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (12706953) | (121520140) |
| Net Decrease | (11844129) | $(113206867) |
| Institutional Shares |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued | 38328147 | $366778940 |
| &nbsp;&nbsp;&nbsp;Shares reinvested | 3791898 | 36325900 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (23485247) | (225098835) |
| Net Increase | 18634798 | $178006005 |
| Retail Shares |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued | 489706 | $4689813 |
| &nbsp;&nbsp;&nbsp;Shares reinvested | 50348 | 481923 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (946591) | (9057805) |
| Net Decrease | (406537) | $(3886069) |

---

*(Unaudited)* **75** 

Transactions in shares of the Fund for the fiscal year ended May 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Amount** |
| CRA Shares |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued | 15734740 | $148337433 |
| &nbsp;&nbsp;&nbsp;Shares reinvested | 957941 | 9068277 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (2406188) | (22647966) |
| Net Increase | 14286493 | $134757744 |
| Institutional Shares |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued | 62207285 | $587092082 |
| &nbsp;&nbsp;&nbsp;Shares reinvested | 7136417 | 67464205 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (61813901) | (585116491) |
| Net Increase | 7529801 | $69439796 |
| Retail Shares |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued | 1124430 | $10631604 |
| &nbsp;&nbsp;&nbsp;Shares reinvested | 110083 | 1040604 |
| &nbsp;&nbsp;&nbsp;Shares redeemed | (1648068) | (15585003) |
| Net Decrease | (413555) | $(3912795) |

---

Note 3 – INVESTMENT TRANSACTIONS

The aggregate purchases and sales and maturities of investments, excluding short-term investments, by the Fund for the six-months ended November 30, 2025, were as follows:

---

| | |
|:---|:---|
| **Purchases:** | |
| &nbsp;&nbsp;&nbsp;U.S. Government | $460198605 |
| &nbsp;&nbsp;&nbsp;Other | 183898081 |
| **Sales and Maturities:** |  |
| &nbsp;&nbsp;&nbsp;U.S. Government | $484017319 |
| &nbsp;&nbsp;&nbsp;Other | 126498043 |

---

Note 4 – ADVISORY, SPECIAL ADMINISTRATIVE SERVICES, DISTRIBUTION AND SERVICE FEES

The Trust has entered into an Advisory Agreement with the Advisor to provide the Fund with investment management services. Pursuant to the Advisory Agreement, the Advisor is entitled to receive a fee, calculated daily, and paid monthly at the annual rate of 0.30% of the Fund's average daily net assets. For the six-months ended November 30, 2025, the Fund paid $5,685,069 to the Advisor.

---

| | |
|:---|:---|
| **76** | **The CCM Community Impact Bond Fund** |

---

The Advisor also provides certain Community Reinvestment Act-related administrative services to financial institution holders of CRA Shares of the Fund pursuant to a Special Administrative Services Agreement with the Trust. Pursuant to such Agreement, the Advisor is entitled to receive a fee of 0.20% of the average daily NAV of the CRA Shares held by such financial institutions. For the six-months ended November 30, 2025, the Advisor was entitled to receive fees of $1,256,255 pursuant to the Special Administrative Services Agreement.

The Trust has adopted separate Distribution Plans pursuant to Rule 12b-1 under the Act with respect to the CRA Shares and Retail Shares, which permit the Fund to pay certain expenses associated with the distribution of its CRA Shares and Retail Shares. The Distribution Plan for CRA Shares provides that the Fund will pay the Fund's distributor annual fees of up to 0.25% of the Fund's average daily net assets attributable to CRA Shares for distribution and other services and the assumption of related expenses. The Distribution Plan for Retail Shares provides that the Fund will pay the Fund's distributor annual fees of up to 0.25% of the Fund's average daily net assets attributable to Retail Shares for distribution services and the assumption of related expenses. For the six-months ended November 30, 2025, the Fund incurred distribution expenses of $1,570,302 and $41,959 with respect to CRA Shares and Retail Shares, respectively.

The Trust has adopted a Services Plan with respect to the Fund's Retail Shares. Pursuant to the Services Plan, the Trust enters into servicing agreements with financial institutions that agree to provide certain personal liaison and administrative support services to their customers who are the beneficial owners of Retail Shares of the Fund in consideration for payment of up to a maximum of 0.50% (comprised of up to 0.25% for personal liaison services and up to 0.25% for administrative support services) per year of the average daily NAV of the Retail Shares beneficially owned by such customers. The Trust will limit fees to an aggregate fee of not more than 0.10% under the Services Plan for personal liaison and administrative support services through May 31, 2026. For the six-months ended November 30, 2025, the Fund incurred expenses under the Services Plan of $16,784.

The Advisor has contractually agreed to waive fees and reimburse expenses until September 30, 2026 to the extent total annualized expenses (excluding acquired Fund fees and expenses) exceed 1.00%, 0.55%, and 0.90%, of the average daily net assets of each of CRA Shares, Institutional Shares and Retail Shares, respectively. If at any time the Fund's total annualized expenses (excluding acquired Fund fees and expenses) exceed the respective limitation noted above, the Advisor may recoup any waived or reimbursed amounts from the Fund within three years from the date on which such waiver or reimbursement was made by the Advisor, provided such reimbursement does not cause the Fund to exceed the expense limitations that were in effect at the time of the waiver or reimbursement. There were no fees waived by the Advisor during the six-months ended November 30, 2025. As of November 30, 2025, there were no previously waived fees subject to recoupment by the Advisor.

The President, Treasurer, Chief Compliance Officer and certain other officers of the Fund are affiliated with the Advisor.

*(Unaudited)* **77** 

Note 5 – DISTRIBUTIONS TO SHAREHOLDERS

The Fund has qualified and intends to continue to qualify as a regulated investment company under Subchapter M of the IRC for federal income tax purposes and to distribute all of its taxable income and net capital gains. Accordingly, no provision has been made for federal income taxes.

Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. federal income tax regulations, which may differ from those amounts determined under U.S. GAAP. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, they are charged or credited to paid-in capital, and undistributed earnings (accumulated losses), in the period that the differences arise. Permanent differences are primarily attributable to paydowns. None of these permanent differences necessitate a charge to the paid in capital account.

The tax character of dividends declared for each fiscal year indicated was as follows:

---

| | | |
|:---|:---|:---|
|  | **Fiscal Year<br> Ended<br> May 31, 2025** | **Fiscal Year<br> Ended<br> May 31, 2024** |
| Distributions declared from: |  |  |
| &nbsp;&nbsp;&nbsp;Ordinary income | $118160747 | $99962661 |
| Total Distributions | $118160747 | $99962661 |

---

The Fund's tax-basis capital gains and losses are determined only at the end of each fiscal year.

As of May 31, 2025, the components of accumulated losses on a tax basis were as follows:

---

| | |
|:---|:---|
| Undistributed ordinary income | $4856777 |
| Capital loss carryforwards | (197844527) |
| Other temporary differences | (4877162) |
| Unrealized depreciation, net | (235926162) |
| &nbsp;&nbsp;&nbsp;Accumulated losses, net | $(433791074) |

---

---

| | |
|:---|:---|
| **78** | **The CCM Community Impact Bond Fund** |

---

As of May 31, 2025, the Fund had post-enactment capital loss carryforwards outstanding as follows:

---

| | | |
|:---|:---|:---|
| **Short-Term** | **Long-Term** | **Total Capital**<br> **Loss Carryforwards** |
| $59590954 | $138253573 | $197844527 |

---

For Federal income tax purposes, the difference between Federal tax cost and book cost is due to wash sales, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years.

At November 30, 2025, the cost of securities for income tax purposes and the gross unrealized appreciation (depreciation) of investments for tax purposes was as follows:

---

| | |
|:---|:---|
| Cost of investments | $3977692246 |
| Gross unrealized appreciation | 36063224 |
| Gross unrealized depreciation | (174345570) |
| Net depreciation on investments | $(138282346) |

---

Note 6 – CONCENTRATION/RISK

The Fund had significant holdings in Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities, FHA Project Loans, certain state municipal bonds and U.S. government mortgage-backed obligations. Investments in these issues could represent a concentration of credit risk.

**Asset-Back Securities Risk:** Asset-backed securities represent interests in pools of assets such as mortgages, commercial or consumer loans, or receivables and other financial assets. Asset-backed securities are subject to credit, interest rate, prepayment, extension, valuation and liquidity risk. These securities, in most cases, are not backed by the full faith and credit of the U.S. Government and are subject to the risk of default on the underlying asset or loan, particularly during periods of economic downturn. Those asset-backed securities that are guaranteed as to the timely payment of interest and principal by a government entity are not guaranteed as to market price, which will fluctuate. Small movements in interest rates (both increases and decreases) may quickly and significantly reduce the value of certain asset-backed securities.

**Corporate Debt Securities Risk:** Corporate debt securities are subject to the risk of the issuer's inability to meet principal and interest payments on the obligations and may also be subject to price volatility due to factors such as market interest rates, market perception of the creditworthiness of the issuer and general market liquidity. As with all debt securities, the market value of a corporate debt security generally reacts inversely to interest rate changes. When prevailing interest rates decline, the price of the debt obligation usually rises, and when prevailing interest rates rise, the price usually declines.

*(Unaudited)* **79** 

**Counterparty Risk:** Counterparty risk is the risk that an issuer, guarantor or counterparty of a security in the Fund is unable or unwilling to meet its obligation on the security.

**CRA-Qualifying Investments Strategy Risk:** The Advisor believes that at least 51% of the Fund's investments will be deemed qualified investments under the Community Reinvestment Act of 1977, as amended (the "CRA"), and will cause financial institutions to receive CRA consideration with respect to shares of the Fund owned by them. However, there is no guarantee that an investor will receive CRA credit for an investment in the Fund. The Advisor will consider the Fund's goal of qualifying for CRA consideration when determining which debt securities or other debt instruments the Fund will purchase and sell. Accordingly, portfolio decisions will not be exclusively based on the investment characteristics of the securities or instruments, which may or may not have an adverse effect on the Fund's investment performance. For example, the Fund may hold short-term investments that produce relatively low yields pending the selection of long-term investments believed to be CRA-qualified. In addition, the Fund may sell investments for CRA purposes at times when such sales may not be desirable for investment purposes. Such sales could occur, for example, if a financial institution redeems its Shares of the Fund, or if investments that have been explicitly earmarked for CRA-qualifying purposes to specific financial institution shareholders are ultimately determined not to be, or to have ceased to be, CRA-qualifying.

**Credit Risk:** The value of debt securities also depends on the ability of issuers to make principal and interest payments. If an issuer cannot meet its payment obligations or if its credit rating is lowered, the value of its debt securities will fall. The ability of a state or local government issuer to make payments can be affected by many factors, including economic conditions, the flow of tax revenues and changes in the level of federal, state or local aid. Some municipal obligations are payable only from limited revenue sources or private entities.

**Extension Risk:** Extension risk is the risk that an issuer will exercise its right to pay principal on an obligation held by the Fund later than expected. This may happen during a period of rising interest rates. Under these circumstances, the value of the obligation will decrease, and the Fund will suffer from the inability to invest in higher yielding securities.

**Fixed Income Risk:** The market value of the Fund's fixed-income securities responds to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments. Generally, the Fund's fixed-income securities will decrease in value if interest rates rise and increase in value if interest rates fall. Normally, the longer the maturity or duration of the fixed-income securities the Fund owns, the more sensitive the value of the Fund's Shares will be to changes in interest rates.

---

| | |
|:---|:---|
| **80** | **The CCM Community Impact Bond Fund** |

---

**Interest Rate Risk:** Interest rate risk is the risk that prices of fixed income securities generally increase when interest rates decline and decrease when interest rates increase. A low or negative interest rate environment could cause the Fund's earnings to fall below the Fund's expense ratio, resulting in a decline in the Fund's Share price. A general rise in interest rates may cause investors to move out of fixed-income securities on a large scale, which could adversely affect the price and liquidity of fixed income securities and the Fund's Share price. The Fund may lose money if short term or long term interest rates rise sharply or otherwise change in a manner not anticipated by the Advisor. Interest rates in the United States and many other countries have risen in recent periods and may continue to rise in the future. Additionally, as a result of increasing interest rates, reserves held by banks and other financial institutions in bonds and other debt securities could face a significant decline in value relative to deposits and liabilities, which coupled with general economic headwinds resulting from a changing interest rate environment, creates liquidity pressures at such institutions. As a result, certain sectors of the credit markets could experience significant declines in liquidity, and it is possible that the Fund will not be able to manage this risk effectively.

**Investment Company Risk:** Investment company risk includes the risks of investing indirectly in affiliated and unaffiliated investment companies, including closed-end funds and exchange-traded funds, through your investment in the Fund. Investors will incur a proportionate share of the expenses of the investment company in which the Fund invests (including operating expenses and management fees) in addition to the fees and expenses regularly borne by the Fund. In addition, the Fund will be affected by the investment policies, practices and performance of such investments in direct proportion to the amount of assets the Fund invests in such investment company.

**Impact Investing Risk:** The Fund intends to invest in bonds in which the Advisor has a high degree of confidence that the use of, or intent of, proceeds will generate positive societal outcomes aligned with one or more Impact Themes or that the issuing entity supports one or more of our Impact Themes. There is a risk that information used by the Advisor to evaluate environmental and/or social factors may not be readily available, complete, or accurate, which could negatively impact the Advisor's ability to evaluate such factors. The Advisor relies on various sources of information to evaluate an opportunity, including information that may be based on assumptions and estimates. To the extent that the Advisor references information from third-party data providers in conducting its proprietary analysis, such information may be incomplete, inaccurate or unavailable. Neither the Fund nor the Advisor can offer assurances that the Advisor's investment process or sources of information will provide an accurate assessment of the Fund's investments. The Advisor may select or exclude bonds of issuers in certain industries, sectors or regions for reasons other than the issuer's investment performance. Therefore, the Fund's impact investment strategy could cause it to perform differently compared to funds that do not have such a strategy. Investors may differ in their views of what constitutes an impactful investment. As a result, the Fund may invest in bonds that do not reflect the beliefs and values of any particular investor.

*(Unaudited)* **81** 

**Investment-Grade Debt Securities Risk:** Investment-grade debt securities may be downgraded by a nationally recognized statistical ratings organization ("NRSRO") to below-investment-grade status, which would increase the risk of holding these securities. Investment-grade debt securities rated in the lowest rating category by a NRSRO involve a higher degree of risk than fixed-income securities with higher credit ratings. While such securities are considered investment-grade quality and are deemed to have adequate capacity for payment of principal and interest, such securities lack outstanding investment characteristics and may share certain speculative characteristics with non-investment-grade securities.

**Large Shareholder Transaction Risk:** The Fund may experience adverse effects when certain large shareholders purchase or redeem large amounts of Shares of the Fund. Such large shareholder redemptions, which may occur rapidly and unexpectedly, may cause the Fund to sell its securities at times when it would not otherwise do so, which may negatively impact the Fund's NAV and liquidity. Such sales may also accelerate the realization of taxable income to shareholders if these sales result in gains, and may also increase transaction costs. Similarly, large purchases of the Fund's Shares may also adversely affect the Fund's performance to the extent that the Fund is delayed in investing new cash and is required to maintain a larger cash position than it ordinarily would. In addition, a large redemption could result in the Fund's current expenses being allocated over a smaller asset base, leading to an increase in the Fund's expense ratio.

**Municipal Securities Risk:** Municipal securities risk is the risk that municipal securities may be subject to credit/default risk, interest rate risk, liquidity risk and certain additional risks. The Fund may be more sensitive to adverse economic, business, political or public health developments if it invests its assets in the debt securities of similar projects (such as those relating to education, health care, housing, transportation, and utilities), industrial development bonds, or in particular types of municipal securities (such as general obligation bonds, private activity bonds and moral obligation bonds). While interest earned on municipal securities is generally not subject to federal tax, interest earned on taxable municipal securities is fully taxable at the federal level and may be subject to tax at the state level. The secondary market for municipal obligations also tends to be less well-developed and less liquid than many other securities markets, which may limit the Fund's ability to sell its municipal obligations at attractive prices.

---

| | |
|:---|:---|
| **82** | **The CCM Community Impact Bond Fund** |

---

**Prepayment Risk:** Prepayments of principal on mortgage-backed securities may tend to increase due to refinancing of mortgages as interest rates decline. When this occurs, the Fund may lose a portion of its principal investment to the extent the Fund paid any premium for a security. In addition, the Fund's yield may be affected by reinvestment of prepayments at lower rates than the original investment.

**Regulatory Risk:** Changes in laws, regulations or the interpretation of laws and regulations could pose risks to the successful realization of the Fund's investment objective. On February 1, 2024, the federal bank supervisory agencies published a final rule in the Federal Register which substantially revised the CRA regulations (the "Proposed Rule"). The Proposed Rule was challenged by banking associations and others on February 5, 2024 in the U.S. District Court for the Northern District of Texas, and the District Court granted an injunction on March 29, 2024 to stay implementation of the Proposed Rule. Due to the regulatory uncertainty, on July 16, 2025, the Federal Reserve Board (the "FRB"), the Federal Deposit Insurance Company (the "FDIC") and the Office of the Comptroller of Currency (the "OCC" and collectively, with the FRB and the FDIC, the "Examiners") issued a joint-notice of proposed rulemaking to rescind the Proposed Rule and reinstate the CRA regulations effective as of March 24, 2024 (the "Current Rule"). The comment period closed on August 18, 2025 to respond to the notice. As of the date of this report, the Examiners have not issued a response to the comment period and the injunction remains in effect. The timeline for the Examiners' response and codification of the 1995 Rule remains uncertain. It is not known what other changes, if any, will be made to the CRA regulations or how any possible changes may impact the Fund.

CRA regulations play an important part in influencing the readiness and capacities of financial institutions to originate CRA-qualifying securities. Changes in CRA regulation might impact Fund operations and might pose a risk to the successful realization of the Fund's investment objective. In addition, any premiums paid for securities receiving CRA consideration may result in reduced yields or returns to the Fund.

**U.S. Government Securities Risk:** Obligations of U.S. Government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. Government. No assurance can be given that the U.S. Government will provide financial support to its agencies and authorities if it is not obligated by law to do so. Certain of the government agency securities the Fund may purchase are backed only by the credit of the government agency and not by full faith and credit of the United States. The maximum potential liability of the issuers of some U.S. Government securities may greatly exceed their current resources, including any legal right to support from the U.S. Treasury. In addition, uncertainty regarding the status of the statutory debt ceiling could increase the risk that the U.S. Government may default on payments of certain U.S. Government securities, cause the credit rating of the U.S. Government to be downgraded, increase volatility in the stock and bond markets, result in higher interest rates, reduce prices of U.S. Treasury securities, and/or increase the costs of various types of debt instruments, which may adversely affect the Fund.

*(Unaudited)* **83** 

Note 7 – RECENT ACCOUNTING PRONOUNCEMENT

In December 2023, FASB issued Accounting Standards Update ASU 2023-09, Income Taxes (Topic 740) ("ASU 2023-09") *Improvements to Income Tax Disclosures*, which enhances income tax disclosures, including providing specific categories in the rate reconciliation and income taxes paid. ASU 2023-09 became effective for fiscal years beginning after December 15, 2024; early adoption is permitted.

Note 8 – SUBSEQUENT EVENTS

The Fund has evaluated the need for additional disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no additional disclosures or adjustments were required to the financial statements.

---

| | |
|:---|:---|
| **84** | **The CCM Community Impact Bond Fund** |

---

*Other Information (Form N-CSRS Items 8-11)*

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

Not applicable.

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

There were no matters submitted to a vote of shareholders during the period covered by this report.

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

The remuneration paid by the company during the period covered by the report to the Trustees on the company's Board of Trustees is disclosed as part of the financial statements included above in Item 7.

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

Not applicable.

**Administrator:**

SEI Investments Global Funds Services

One Freedom Valley Drive

Oaks, PA 19456

**Transfer Agent:**

Apex Fund Services

Three Canal Plaza, Group Floor

Portland, ME 04101

**Legal Counsel:**

Faegre Drinker Biddle & Reath LLP

320 South Canal Street

Suite 3300

Chicago, IL 60606

**Independent Registered Public Accounting Firm:**

Deloitte & Touche LLP

1700 Market Street

Philadelphia, PA 19103

**Custodian:**

U.S. Bank, National Association

50 South 16th Street

Suite 2000

20th Floor

EX-PA-WBSP

Philadelphia, PA 19102

**Board of Trustees:**

John E. Taylor, *Chairman of the Board of Trustees*

Heinz Riehl, *Trustee*

Irvin M. Henderson, *Trustee*

Robert O. Lehrman, *Trustee*

Mirian Saez, *Trustee*

Robert Dickerson, *Trustee*

Stephen Cross, *Trustee*

This report is intended for the Fund's shareholders. It may not be distributed to prospective investors unless it is preceded by or accompanied by the Fund's prospectus. An investor should read the prospectus carefully before investing or sending money. A prospectus may be obtained by calling the Fund at 1-877-272-1977.

![](fp0097298_03.jpg)

261 North University Drive ■ Suite 520 ■ Fort Lauderdale, FL 33324

954-217-7999 ■ Fax: 954-385-9299 ■ Toll Free: 877-272-1977 ■ www.ccminvests.com

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

Included under Item 7.

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

Included under Item 7.

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

Included under Item 7.

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

Included under Item 7.

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

Not Applicable.

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

Not Applicable.

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

Not Applicable.

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

There have been no changes to the procedures by which shareholders may recommend nominees to the Registrant's Board of Trustees during the period covered by this report.

 **Item 16. Controls and Procedures.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the
 Registrant's disclosure controls and procedures, as defined in Rule 30a-3(c) under the Act (17 CFR § 270.30a-3(c)), as of a date
 within 90 days of the filing date of the report, are effective based on the evaluation of these controls and procedures required by Rule
 30a-3(b) under the Act (17 CFR § 270.30a-3(b)) and Rule 13a-15(b) or Rule 15d-15(b) under the Securities Exchange Act of 1934 (17
 CFR § 240.13a-15(b) or § 240.15d-15(b)).

&nbsp;&nbsp;&nbsp;&nbsp;(b) There has been no change in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d)
 under the Act (17 CFR § 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is
 reasonably likely to materially affect, the Registrant's internal control over financial reporting.

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

Not applicable.

**Items 18. Recovery of Erroneously Awarded Compensation.**

(a) Not applicable.

(b) Not applicable.

**Items 19. Exhibits.**

(a)(1) Not applicable for semi-annual report.

(a)(2) Not applicable.

[(a)(3) A separate certification for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Act (17 CFR & 270.30a-2(a)), are filed herewith.](fp0097298-1_ex99cert.htm)

(a)(4) Not applicable.

(a)(5) Not applicable.

[(b) Officer certifications as required by Rule 30a-2(b) under the Act (17 CFR & 270.30a-2(b)) also accompany this filing as an Exhibit.](fp0097298-1_ex99906cert.htm)

**SIGNATURES**

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

---

| | |
|:---|:---|
| (Registrant) | Community Capital Trust |
| By (Signature and Title)\* | /s/ Alyssa D. Greenspan |
|  | Alyssa D. Greenspan, |
| Date: February 4, 2026 | Principal Executive Officer |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Alyssa D. Greenspan |
|  | Alyssa D. Greenspan, |
| Date: February 4, 2026 | Principal Executive Officer |

---

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ James H. Malone |
|  | James H. Malone, |
| Date: February 4, 2026 | Principal Financial Officer |

---

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

## Ex-99.Cert

**CERTIFICATION**

**Pursuant to Rule 30a-2(a) under the Investment Company Act of 1940**

**and Section 302 of the Sarbanes-Oxley Act of 2002**

I, Alyssa D. Greenspan, certify that:

1. I have reviewed this report on Form N-CSRS of the Community Capital Trust (the "Registrant");

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

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

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

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

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

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

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

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

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

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

Date: February 4, 2026

---

| |
|:---|
| /s/ Alyssa D. Greenspan |
| Alyssa D. Greenspan |
| Principal Executive Officer |

---

**CERTIFICATION**

**Pursuant to Rule 30a-2(a) under the Investment Company Act of 1940**

**and Section 302 of the Sarbanes-Oxley Act of 2002**

I, James H. Malone, certify that:

1. I have reviewed this report on Form N-CSRS of the Community Capital Trust (the "Registrant");

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

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

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

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

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

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

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

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

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

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

Date: February 4, 2026

---

| |
|:---|
| /s/ James H. Malone |
| James H. Malone |
| Principal Financial Officer |

---

## Exhibit 99.906

**CERTIFICATION**

**Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906**

**of the Sarbanes-Oxley Act of 2002**

The undersigned, Alyssa D. Greenspan, the Principal Executive Officer of the Community Capital Trust (the "Fund"), with respect to the Fund's Form N-CSRS for the period ended November 30, 2025, as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. such Form N-CSRS fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in such Form N-CSRS fairly presents, in all material respects, the financial
condition and results of operations of the Fund.

Dated: February 4, 2026

---

| |
|:---|
| /s/ Alyssa D. Greenspan |
| Alyssa D. Greenspan |
| Principal Executive Officer |

---

**CERTIFICATION**

**Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906**

**of the Sarbanes-Oxley Act of 2002**

The undersigned, James H. Malone, the Principal Financial Officer of the Community Capital Trust (the "Fund"), with respect to the Fund's Form N-CSRS for the period ended November 30, 2025, as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. such Form N-CSRS fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in such Form N-CSRS fairly presents, in all material respects, the financial
condition and results of operations of the Fund.

Dated: February 4, 2026

---

| |
|:---|
| /s/ James H. Malone |
| James H. Malone |
| Principal Financial Officer |

---