# EDGAR Filing Document

**Accession Number:** 0000723620
**File Stem:** 0002071111-25-000023
**Filing Date:** 2025-6
**Character Count:** 1202741
**Document Hash:** 49bf54ca93271390e3aa0e0b2de9ab7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071111-25-000023.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0002071111-25-000023

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**EFFECTIVENESS DATE**: 20250626

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEUBERGER BERMAN INCOME FUNDS
- **CENTRAL INDEX KEY:** 0000723620

**ORGANIZATION NAME:**
- **EIN:** 133179654
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03802
- **FILM NUMBER:** 251081447

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** (212) 476-8800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LEHMAN BROTHERS INCOME FUNDS
- **DATE OF NAME CHANGE:** 20070601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEUBERGER BERMAN INCOME FUNDS
- **DATE OF NAME CHANGE:** 19981105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEUBERGER & BERMAN INCOME FUNDS
- **DATE OF NAME CHANGE:** 19930701

## Series and Classes Contracts Data

### Neuberger Berman High Income Bond Fund (Series ID: S000007832)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000021322 | Investor Class      | NHINX           |
| C000064460 | Institutional Class | NHILX           |
| C000077167 | Class A             | NHIAX           |
| C000077168 | Class C             | NHICX           |
| C000077170 | Class R3            | NHIRX           |
| C000125075 | Class R6            | NRHIX           |
| C000228875 | Class E Shares      | NHIEX           |

### Neuberger Berman Municipal Intermediate Bond Fund (Series ID: S000007833)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000021323 | Investor Class      | NMUIX           |
| C000089977 | Class A             | NMNAX           |
| C000089978 | Class C             | NMNCX           |
| C000089979 | Institutional Class | NMNLX           |

### Neuberger Berman Strategic Income Fund (Series ID: S000007834)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000021324 | Institutional Class | NSTLX           |
| C000044074 | Trust Class         | NSTTX           |
| C000057302 | Class A             | NSTAX           |
| C000057303 | Class C             | NSTCX           |
| C000125076 | Class R6            | NRSIX           |

### Neuberger Berman Core Bond Fund (Series ID: S000007835)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000021325 | Investor Class      | NCRIX           |
| C000021326 | Institutional Class | NCRLX           |
| C000057304 | Class A             | NCRAX           |
| C000057305 | Class C             | NCRCX           |
| C000153036 | Class R6            | NRCRX           |

### Neuberger Berman Floating Rate Income Fund (Series ID: S000027216)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000082158 | Class A             | NFIAX           |
| C000082159 | Class C             | NFICX           |
| C000082160 | Institutional Class | NFIIX           |

### Neuberger Berman Municipal Impact Fund (Series ID: S000039521)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000121799 | Institutional Class | NMIIX           |
| C000201844 | Class A             | NIMAX           |
| C000201845 | Class C             | NIMCX           |

### Neuberger Berman Emerging Markets Debt Fund (Series ID: S000041689)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000129447 | Class A             | NERAX           |
| C000129448 | Class C             | NERCX           |
| C000129449 | Institutional Class | NERIX           |

### Neuberger Berman Municipal High Income Fund (Series ID: S000049669)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000157071 | Class A             | NMHAX           |
| C000157072 | Class C             | NMHCX           |
| C000157073 | Institutional Class | NMHIX           |

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

As filed with the Securities and Exchange Commission on June 26, 2025

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF

REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-03802

#### NEUBERGER BERMAN INCOME FUNDS
(Exact Name of Registrant as specified in charter)

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, New York 10104-0002

(Address of Principal Executive Offices – Zip Code)

Joseph V. Amato

Chief Executive Officer and President

Neuberger Berman Income Funds

c/o Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, New York 10104-0002

Lori L. Schneider, Esq.

K&L Gates LLP

1601 K Street, N.W.

Washington, D.C. 20006-1600

(Names and Addresses of agents for service)

Registrant's telephone number, including area code: (212) 476-8800

Date of fiscal year end: October 31

Date of reporting period: April 30, 2025

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

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

------

#### Item 1. Reports to Shareholders.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Following are copies of the semi-annual reports transmitted to shareholders pursuant to Rule 30e-1 under the Act.

**# Neuberger Berman

# Core Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Investor Class: NCRIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/corebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Investor Class | $39 | 0.78% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $1035051431 |
| Number of Portfolio Holdings | 882 |
| Portfolio Turnover Rate | 72% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| U.S. Treasury | 15.0% |
| Federal National Mortgage Association | 13.4% |
| Federal Home Loan Mortgage Corp. | 11.1% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.7% |
| Government National Mortgage Association | 2.3% |
| Warnermedia Holdings, Inc. | 1.4% |
| JPMorgan Chase & Co. | 1.4% |
| Foundry JV Holdco LLC | 1.1% |
| Boeing Co. | 1.1% |
| Goldman Sachs Group, Inc. | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 37.1% |
| Corporate Bonds | 31.7% |
| U.S. Treasury Obligations | 15.3% |
| Asset-Backed Securities | 12.8% |
| Foreign Government Securities | 2.2% |
| U.S. Government Agency Securities | 0.3% |
| Short-Term Investments | 2.7% |
| Liabilities Less Other Assets | (2.1)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/corebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0232 06/25

# Neuberger Berman

# Core Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NCRLX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/corebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $19 | 0.38% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $1035051431 |
| Number of Portfolio Holdings | 882 |
| Portfolio Turnover Rate | 72% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| U.S. Treasury | 15.0% |
| Federal National Mortgage Association | 13.4% |
| Federal Home Loan Mortgage Corp. | 11.1% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.7% |
| Government National Mortgage Association | 2.3% |
| Warnermedia Holdings, Inc. | 1.4% |
| JPMorgan Chase & Co. | 1.4% |
| Foundry JV Holdco LLC | 1.1% |
| Boeing Co. | 1.1% |
| Goldman Sachs Group, Inc. | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 37.1% |
| Corporate Bonds | 31.7% |
| U.S. Treasury Obligations | 15.3% |
| Asset-Backed Securities | 12.8% |
| Foreign Government Securities | 2.2% |
| U.S. Government Agency Securities | 0.3% |
| Short-Term Investments | 2.7% |
| Liabilities Less Other Assets | (2.1)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/corebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0233 06/25

# Neuberger Berman

# Core Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NCRAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/corebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $39 | 0.78% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $1035051431 |
| Number of Portfolio Holdings | 882 |
| Portfolio Turnover Rate | 72% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| U.S. Treasury | 15.0% |
| Federal National Mortgage Association | 13.4% |
| Federal Home Loan Mortgage Corp. | 11.1% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.7% |
| Government National Mortgage Association | 2.3% |
| Warnermedia Holdings, Inc. | 1.4% |
| JPMorgan Chase & Co. | 1.4% |
| Foundry JV Holdco LLC | 1.1% |
| Boeing Co. | 1.1% |
| Goldman Sachs Group, Inc. | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 37.1% |
| Corporate Bonds | 31.7% |
| U.S. Treasury Obligations | 15.3% |
| Asset-Backed Securities | 12.8% |
| Foreign Government Securities | 2.2% |
| U.S. Government Agency Securities | 0.3% |
| Short-Term Investments | 2.7% |
| Liabilities Less Other Assets | (2.1)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/corebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0235 06/25

# Neuberger Berman

# Core Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NCRCX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/corebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $77 | 1.53% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $1035051431 |
| Number of Portfolio Holdings | 882 |
| Portfolio Turnover Rate | 72% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| U.S. Treasury | 15.0% |
| Federal National Mortgage Association | 13.4% |
| Federal Home Loan Mortgage Corp. | 11.1% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.7% |
| Government National Mortgage Association | 2.3% |
| Warnermedia Holdings, Inc. | 1.4% |
| JPMorgan Chase & Co. | 1.4% |
| Foundry JV Holdco LLC | 1.1% |
| Boeing Co. | 1.1% |
| Goldman Sachs Group, Inc. | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 37.1% |
| Corporate Bonds | 31.7% |
| U.S. Treasury Obligations | 15.3% |
| Asset-Backed Securities | 12.8% |
| Foreign Government Securities | 2.2% |
| U.S. Government Agency Securities | 0.3% |
| Short-Term Investments | 2.7% |
| Liabilities Less Other Assets | (2.1)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/corebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0236 06/25

# Neuberger Berman

# Core Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class R6: NRCRX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/corebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class R6 | $14 | 0.28% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $1035051431 |
| Number of Portfolio Holdings | 882 |
| Portfolio Turnover Rate | 72% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| U.S. Treasury | 15.0% |
| Federal National Mortgage Association | 13.4% |
| Federal Home Loan Mortgage Corp. | 11.1% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.7% |
| Government National Mortgage Association | 2.3% |
| Warnermedia Holdings, Inc. | 1.4% |
| JPMorgan Chase & Co. | 1.4% |
| Foundry JV Holdco LLC | 1.1% |
| Boeing Co. | 1.1% |
| Goldman Sachs Group, Inc. | 1.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 37.1% |
| Corporate Bonds | 31.7% |
| U.S. Treasury Obligations | 15.3% |
| Asset-Backed Securities | 12.8% |
| Foreign Government Securities | 2.2% |
| U.S. Government Agency Securities | 0.3% |
| Short-Term Investments | 2.7% |
| Liabilities Less Other Assets | (2.1)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/corebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0234 06/25

# Neuberger Berman

# Emerging Markets Debt Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NERIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/EMD. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $39 | 0.78% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $113278194 |
| Number of Portfolio Holdings | 742 |
| Portfolio Turnover Rate | 32% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Indonesia Treasury Bonds | 6.5% |
| India Government Bonds | 5.0% |
| Republic of South Africa Government Bonds | 4.2% |
| China Government Bonds | 4.0% |
| Republic of Poland Government Bonds | 3.8% |
| Thailand Government Bonds | 3.3% |
| Malaysia Government Bonds | 3.0% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.4% |
| Brazil Notas do Tesouro Nacional | 2.3% |
| Romania Government Bonds | 2.1% |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Foreign Government Securities | 64.0% |
| Corporate Bonds | 28.6% |
| Short-Term Investments | 2.2% |
| Other Assets Less Liabilities | 5.2%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

### Top Ten Countries

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Indonesia | 7.4% |
| India | 6.3% |
| South Africa | 5.6% |
| China | 5.1% |
| Brazil | 5.0% |
| Poland | 4.2% |
| Mexico | 3.6% |
| Thailand | 3.6% |
| Turkey | 3.6% |
| Colombia | 3.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/EMD.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0242 06/25

# Neuberger Berman

# Emerging Markets Debt Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NERAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/EMD. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $56 | 1.11% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $113278194 |
| Number of Portfolio Holdings | 742 |
| Portfolio Turnover Rate | 32% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Indonesia Treasury Bonds | 6.5% |
| India Government Bonds | 5.0% |
| Republic of South Africa Government Bonds | 4.2% |
| China Government Bonds | 4.0% |
| Republic of Poland Government Bonds | 3.8% |
| Thailand Government Bonds | 3.3% |
| Malaysia Government Bonds | 3.0% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.4% |
| Brazil Notas do Tesouro Nacional | 2.3% |
| Romania Government Bonds | 2.1% |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Foreign Government Securities | 64.0% |
| Corporate Bonds | 28.6% |
| Short-Term Investments | 2.2% |
| Other Assets Less Liabilities | 5.2%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

### Top Ten Countries

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Indonesia | 7.4% |
| India | 6.3% |
| South Africa | 5.6% |
| China | 5.1% |
| Brazil | 5.0% |
| Poland | 4.2% |
| Mexico | 3.6% |
| Thailand | 3.6% |
| Turkey | 3.6% |
| Colombia | 3.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/EMD.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0240 06/25

# Neuberger Berman

# Emerging Markets Debt Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NERCX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/EMD. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $89 | 1.76% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $113278194 |
| Number of Portfolio Holdings | 742 |
| Portfolio Turnover Rate | 32% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Indonesia Treasury Bonds | 6.5% |
| India Government Bonds | 5.0% |
| Republic of South Africa Government Bonds | 4.2% |
| China Government Bonds | 4.0% |
| Republic of Poland Government Bonds | 3.8% |
| Thailand Government Bonds | 3.3% |
| Malaysia Government Bonds | 3.0% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.4% |
| Brazil Notas do Tesouro Nacional | 2.3% |
| Romania Government Bonds | 2.1% |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Foreign Government Securities | 64.0% |
| Corporate Bonds | 28.6% |
| Short-Term Investments | 2.2% |
| Other Assets Less Liabilities | 5.2%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

### Top Ten Countries

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Indonesia | 7.4% |
| India | 6.3% |
| South Africa | 5.6% |
| China | 5.1% |
| Brazil | 5.0% |
| Poland | 4.2% |
| Mexico | 3.6% |
| Thailand | 3.6% |
| Turkey | 3.6% |
| Colombia | 3.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/EMD.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0241 06/25

# Neuberger Berman

# Floating Rate Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NFIIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/floatingrate. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $30 | 0.60% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $495698825 |
| Number of Portfolio Holdings | 378 |
| Portfolio Turnover Rate | 40% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 4.3% |
| Zayo Group Holdings, Inc. | 0.8% |
| Lumen Technologies, Inc. | 0.7% |
| CSC Holdings LLC | 0.6% |
| MH Sub I LLC | 0.6% |
| KKR Apple Bidco LLC | 0.6% |
| Peer Holding III BV | 0.5% |
| Quikrete Holdings, Inc. | 0.5% |
| Opal Bidco SAS | 0.5% |
| Kaseya, Inc. | 0.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Software | 11.1% |
| Oil, Gas & Consumable Fuels | 5.6% |
| Health Care Providers & Services | 5.2% |
| Diversified Telecommunication Services | 4.4% |
| Investment Companies | 4.3% |
| Commercial Services & Supplies | 4.3% |
| Capital Markets | 4.0% |
| Hotels, Restaurants & Leisure | 3.9% |
| Trading Companies & Distributors | 3.8% |
| Professional Services | 3.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/floatingrate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0248 06/25

# Neuberger Berman

# Floating Rate Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NFIAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/floatingrate. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $49 | 0.97% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $495698825 |
| Number of Portfolio Holdings | 378 |
| Portfolio Turnover Rate | 40% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 4.3% |
| Zayo Group Holdings, Inc. | 0.8% |
| Lumen Technologies, Inc. | 0.7% |
| CSC Holdings LLC | 0.6% |
| MH Sub I LLC | 0.6% |
| KKR Apple Bidco LLC | 0.6% |
| Peer Holding III BV | 0.5% |
| Quikrete Holdings, Inc. | 0.5% |
| Opal Bidco SAS | 0.5% |
| Kaseya, Inc. | 0.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Software | 11.1% |
| Oil, Gas & Consumable Fuels | 5.6% |
| Health Care Providers & Services | 5.2% |
| Diversified Telecommunication Services | 4.4% |
| Investment Companies | 4.3% |
| Commercial Services & Supplies | 4.3% |
| Capital Markets | 4.0% |
| Hotels, Restaurants & Leisure | 3.9% |
| Trading Companies & Distributors | 3.8% |
| Professional Services | 3.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/floatingrate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0246 06/25

# Neuberger Berman

# Floating Rate Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NFICX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/floatingrate. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $86 | 1.72% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $495698825 |
| Number of Portfolio Holdings | 378 |
| Portfolio Turnover Rate | 40% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 4.3% |
| Zayo Group Holdings, Inc. | 0.8% |
| Lumen Technologies, Inc. | 0.7% |
| CSC Holdings LLC | 0.6% |
| MH Sub I LLC | 0.6% |
| KKR Apple Bidco LLC | 0.6% |
| Peer Holding III BV | 0.5% |
| Quikrete Holdings, Inc. | 0.5% |
| Opal Bidco SAS | 0.5% |
| Kaseya, Inc. | 0.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Software | 11.1% |
| Oil, Gas & Consumable Fuels | 5.6% |
| Health Care Providers & Services | 5.2% |
| Diversified Telecommunication Services | 4.4% |
| Investment Companies | 4.3% |
| Commercial Services & Supplies | 4.3% |
| Capital Markets | 4.0% |
| Hotels, Restaurants & Leisure | 3.9% |
| Trading Companies & Distributors | 3.8% |
| Professional Services | 3.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/floatingrate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0247 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Investor Class: NHINX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Investor Class | $44 | 0.88% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0255 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NHILX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $36 | 0.72% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0260 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NHIAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $56 | 1.12% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0256 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NHICX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $93 | 1.87% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0259 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class R3: NHIRX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class R3 | $68 | 1.37% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0257 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class R6: NRHIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class R6 | $31 | 0.62% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0258 06/25

# Neuberger Berman

# High Income Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class E: NHIEX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/highincomebond. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class E | $5 | 0.09% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $605999493 |
| Number of Portfolio Holdings | 552 |
| Portfolio Turnover Rate | 35% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| State Street Institutional U.S. Government Money Market Fund Premier Class | 2.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 2.3% |
| TransDigm, Inc. | 1.3% |
| CSC Holdings LLC | 1.2% |
| Tenet Healthcare Corp. | 0.9% |
| Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | 0.9% |
| Venture Global LNG, Inc. | 0.8% |
| Carnival Corp. | 0.8% |
| Celanese U.S. Holdings LLC | 0.8% |
| Level 3 Financing, Inc. | 0.8% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Top Ten Industry Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Pipelines | 5.7% |
| Media | 5.7% |
| Telecommunications | 5.5% |
| Commercial Services | 4.9% |
| Diversified Financial Services | 4.9% |
| Chemicals | 3.9% |
| Retail | 3.8% |
| Oil & Gas | 3.8% |
| Insurance | 3.8% |
| Entertainment | 3.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/highincomebond.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0318 06/25

# Neuberger Berman

# Municipal High Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NMHIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/munihighincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $25 | 0.50% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $60518730 |
| Number of Portfolio Holdings | 138 |
| Portfolio Turnover Rate | 38% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| California | 11.1% |
| New York | 9.4% |
| Texas | 8.2% |
| Florida | 7.1% |
| Wisconsin | 5.1% |
| Colorado | 4.9% |
| Alabama | 4.7% |
| Ohio | 4.7% |
| West Virginia | 3.6% |
| Arizona | 3.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](ica4ad724320c89fbb8546d45.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 86.5% |
| General Obligations | 5.3% |
| Tax Allocation | 3.6% |
| Special Assessment | 2.8% |
| Tax-Exempt Preferreds | 1.7% |
| Special Tax | 0.1% |
| Loan Assignments | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/munihighincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0266 06/25

# Neuberger Berman

# Municipal High Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NMHAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/munihighincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $43 | 0.87% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $60518730 |
| Number of Portfolio Holdings | 138 |
| Portfolio Turnover Rate | 38% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| California | 11.1% |
| New York | 9.4% |
| Texas | 8.2% |
| Florida | 7.1% |
| Wisconsin | 5.1% |
| Colorado | 4.9% |
| Alabama | 4.7% |
| Ohio | 4.7% |
| West Virginia | 3.6% |
| Arizona | 3.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i4ab05091a898967839086093.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 86.5% |
| General Obligations | 5.3% |
| Tax Allocation | 3.6% |
| Special Assessment | 2.8% |
| Tax-Exempt Preferreds | 1.7% |
| Special Tax | 0.1% |
| Loan Assignments | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/munihighincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0264 06/25

# Neuberger Berman

# Municipal High Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NMHCX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/munihighincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $80 | 1.63% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $60518730 |
| Number of Portfolio Holdings | 138 |
| Portfolio Turnover Rate | 38% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| California | 11.1% |
| New York | 9.4% |
| Texas | 8.2% |
| Florida | 7.1% |
| Wisconsin | 5.1% |
| Colorado | 4.9% |
| Alabama | 4.7% |
| Ohio | 4.7% |
| West Virginia | 3.6% |
| Arizona | 3.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i1038eb42c17360b73e3e07ba.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 86.5% |
| General Obligations | 5.3% |
| Tax Allocation | 3.6% |
| Special Assessment | 2.8% |
| Tax-Exempt Preferreds | 1.7% |
| Special Tax | 0.1% |
| Loan Assignments | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/munihighincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0265 06/25

# Neuberger Berman

# Municipal Impact Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NMIIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniimpact. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $21 | 0.43% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $74450978 |
| Number of Portfolio Holdings | 113 |
| Portfolio Turnover Rate | 33% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Texas | 11.2% |
| Michigan | 9.9% |
| New York | 7.7% |
| Illinois | 6.9% |
| Kentucky | 6.7% |
| Georgia | 6.5% |
| Pennsylvania | 5.7% |
| South Carolina | 5.1% |
| West Virginia | 4.6% |
| Oklahoma | 4.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i7674cfb11062f3979307ae5e.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 72.1% |
| General Obligations | 24.3% |
| Certificates of Participation | 2.2% |
| Pre-Refunded | 1.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniimpact.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0280 06/25

# Neuberger Berman

# Municipal Impact Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NIMAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniimpact. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $40 | 0.80% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $74450978 |
| Number of Portfolio Holdings | 113 |
| Portfolio Turnover Rate | 33% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Texas | 11.2% |
| Michigan | 9.9% |
| New York | 7.7% |
| Illinois | 6.9% |
| Kentucky | 6.7% |
| Georgia | 6.5% |
| Pennsylvania | 5.7% |
| South Carolina | 5.1% |
| West Virginia | 4.6% |
| Oklahoma | 4.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i658e9e698749cdfbcc47914b.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 72.1% |
| General Obligations | 24.3% |
| Certificates of Participation | 2.2% |
| Pre-Refunded | 1.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniimpact.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0278 06/25

# Neuberger Berman

# Municipal Impact Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NIMCX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniimpact. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $77 | 1.55% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $74450978 |
| Number of Portfolio Holdings | 113 |
| Portfolio Turnover Rate | 33% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Texas | 11.2% |
| Michigan | 9.9% |
| New York | 7.7% |
| Illinois | 6.9% |
| Kentucky | 6.7% |
| Georgia | 6.5% |
| Pennsylvania | 5.7% |
| South Carolina | 5.1% |
| West Virginia | 4.6% |
| Oklahoma | 4.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i9ab99e49f13121ec6a90af0b.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 72.1% |
| General Obligations | 24.3% |
| Certificates of Participation | 2.2% |
| Pre-Refunded | 1.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniimpact.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0279 06/25

# Neuberger Berman

# Municipal Intermediate Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Investor Class: NMUIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniintermediate. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Investor Class | $23 | 0.46% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $186642352 |
| Number of Portfolio Holdings | 219 |
| Portfolio Turnover Rate | 43% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| New York | 16.0% |
| Illinois | 12.8% |
| Pennsylvania | 6.5% |
| Texas | 6.3% |
| Georgia | 4.4% |
| New Jersey | 4.2% |
| California | 3.3% |
| Alabama | 3.3% |
| Massachusetts | 3.3% |
| Florida | 3.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](ib480fdc5f1c81c9f1361261d.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 68.6% |
| General Obligations | 27.8% |
| Tax-Exempt Preferreds | 1.3% |
| Special Assessment | 0.9% |
| Tax Allocation | 0.9% |
| Certificates of Participation | 0.3% |
| Pre-Refunded | 0.2% |
| Special Tax | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniintermediate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0271 06/25

# Neuberger Berman

# Municipal Intermediate Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NMNLX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniintermediate. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $15 | 0.31% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $186642352 |
| Number of Portfolio Holdings | 219 |
| Portfolio Turnover Rate | 43% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| New York | 16.0% |
| Illinois | 12.8% |
| Pennsylvania | 6.5% |
| Texas | 6.3% |
| Georgia | 4.4% |
| New Jersey | 4.2% |
| California | 3.3% |
| Alabama | 3.3% |
| Massachusetts | 3.3% |
| Florida | 3.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i5b0d7dc460e1c2a84f38ae4f.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 68.6% |
| General Obligations | 27.8% |
| Tax-Exempt Preferreds | 1.3% |
| Special Assessment | 0.9% |
| Tax Allocation | 0.9% |
| Certificates of Participation | 0.3% |
| Pre-Refunded | 0.2% |
| Special Tax | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniintermediate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0274 06/25

# Neuberger Berman

# Municipal Intermediate Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NMNAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniintermediate. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $34 | 0.68% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $186642352 |
| Number of Portfolio Holdings | 219 |
| Portfolio Turnover Rate | 43% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| New York | 16.0% |
| Illinois | 12.8% |
| Pennsylvania | 6.5% |
| Texas | 6.3% |
| Georgia | 4.4% |
| New Jersey | 4.2% |
| California | 3.3% |
| Alabama | 3.3% |
| Massachusetts | 3.3% |
| Florida | 3.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i2008f9b9bc3494446fc84e9f.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 68.6% |
| General Obligations | 27.8% |
| Tax-Exempt Preferreds | 1.3% |
| Special Assessment | 0.9% |
| Tax Allocation | 0.9% |
| Certificates of Participation | 0.3% |
| Pre-Refunded | 0.2% |
| Special Tax | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniintermediate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0272 06/25

# Neuberger Berman

# Municipal Intermediate Bond Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NMNCX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/muniintermediate. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $71 | 1.43% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $186642352 |
| Number of Portfolio Holdings | 219 |
| Portfolio Turnover Rate | 43% |

---

## What did the Fund invest in?

### Top Ten States

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| New York | 16.0% |
| Illinois | 12.8% |
| Pennsylvania | 6.5% |
| Texas | 6.3% |
| Georgia | 4.4% |
| New Jersey | 4.2% |
| California | 3.3% |
| Alabama | 3.3% |
| Massachusetts | 3.3% |
| Florida | 3.1% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Asset Allocation

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)
![Group By Sector Chart](i014abd6c70b90823f9eb6cae.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Revenue Bonds | 68.6% |
| General Obligations | 27.8% |
| Tax-Exempt Preferreds | 1.3% |
| Special Assessment | 0.9% |
| Tax Allocation | 0.9% |
| Certificates of Participation | 0.3% |
| Pre-Refunded | 0.2% |
| Special Tax | 0.0%<sup>Footnote Reference\*\*</sup> |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents less than 0.05% of total investments of the Fund. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/muniintermediate.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0273 06/25

# Neuberger Berman

# Strategic Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Trust Class: NSTTX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/strategicincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Trust Class | $47 | 0.94% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6124226117 |
| Number of Portfolio Holdings | 2290 |
| Portfolio Turnover Rate | 70% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Uniform Mortgage-Backed Securities | 14.1% |
| Federal National Mortgage Association | 6.6% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 5.8% |
| U.S. Treasury | 5.4% |
| Federal Home Loan Mortgage Corp. | 4.9% |
| Government National Mortgage Association | 2.8% |
| Federal National Mortgage Association Connecticut Avenue Securities | 2.5% |
| Federal Home Loan Mortgage Corp. STACR REMIC Trust | 2.3% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.8% |
| BX Commercial Mortgage Trust | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 51.7% |
| Corporate Bonds | 34.4% |
| Asset-Backed Securities | 10.5% |
| U.S. Treasury Obligations | 6.4% |
| Foreign Government Securities | 3.6% |
| Exchange-Traded Funds | 3.4% |
| Municipal Notes | 0.5% |
| Loan Assignments | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Closed-End Funds | 0.0%<sup>Footnote Reference\*</sup> |
| Short-Term Investments | 6.8% |
| Liabilities Less Other Assets | (17.8)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Represents less than 0.05% of net assets of the Fund. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/strategicincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0296 06/25

# Neuberger Berman

# Strategic Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Institutional Class: NSTLX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/strategicincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Institutional Class | $30 | 0.59% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6124226117 |
| Number of Portfolio Holdings | 2290 |
| Portfolio Turnover Rate | 70% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Uniform Mortgage-Backed Securities | 14.1% |
| Federal National Mortgage Association | 6.6% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 5.8% |
| U.S. Treasury | 5.4% |
| Federal Home Loan Mortgage Corp. | 4.9% |
| Government National Mortgage Association | 2.8% |
| Federal National Mortgage Association Connecticut Avenue Securities | 2.5% |
| Federal Home Loan Mortgage Corp. STACR REMIC Trust | 2.3% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.8% |
| BX Commercial Mortgage Trust | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 51.7% |
| Corporate Bonds | 34.4% |
| Asset-Backed Securities | 10.5% |
| U.S. Treasury Obligations | 6.4% |
| Foreign Government Securities | 3.6% |
| Exchange-Traded Funds | 3.4% |
| Municipal Notes | 0.5% |
| Loan Assignments | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Closed-End Funds | 0.0%<sup>Footnote Reference\*</sup> |
| Short-Term Investments | 6.8% |
| Liabilities Less Other Assets | (17.8)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Represents less than 0.05% of net assets of the Fund. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/strategicincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0300 06/25

# Neuberger Berman

# Strategic Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class A: NSTAX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/strategicincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class A | $48 | 0.96% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6124226117 |
| Number of Portfolio Holdings | 2290 |
| Portfolio Turnover Rate | 70% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Uniform Mortgage-Backed Securities | 14.1% |
| Federal National Mortgage Association | 6.6% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 5.8% |
| U.S. Treasury | 5.4% |
| Federal Home Loan Mortgage Corp. | 4.9% |
| Government National Mortgage Association | 2.8% |
| Federal National Mortgage Association Connecticut Avenue Securities | 2.5% |
| Federal Home Loan Mortgage Corp. STACR REMIC Trust | 2.3% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.8% |
| BX Commercial Mortgage Trust | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 51.7% |
| Corporate Bonds | 34.4% |
| Asset-Backed Securities | 10.5% |
| U.S. Treasury Obligations | 6.4% |
| Foreign Government Securities | 3.6% |
| Exchange-Traded Funds | 3.4% |
| Municipal Notes | 0.5% |
| Loan Assignments | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Closed-End Funds | 0.0%<sup>Footnote Reference\*</sup> |
| Short-Term Investments | 6.8% |
| Liabilities Less Other Assets | (17.8)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Represents less than 0.05% of net assets of the Fund. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/strategicincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0298 06/25

# Neuberger Berman

# Strategic Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class C: NSTCX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/strategicincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.877.9700 or fundinfo@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class C | $85 | 1.69% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6124226117 |
| Number of Portfolio Holdings | 2290 |
| Portfolio Turnover Rate | 70% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Uniform Mortgage-Backed Securities | 14.1% |
| Federal National Mortgage Association | 6.6% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 5.8% |
| U.S. Treasury | 5.4% |
| Federal Home Loan Mortgage Corp. | 4.9% |
| Government National Mortgage Association | 2.8% |
| Federal National Mortgage Association Connecticut Avenue Securities | 2.5% |
| Federal Home Loan Mortgage Corp. STACR REMIC Trust | 2.3% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.8% |
| BX Commercial Mortgage Trust | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 51.7% |
| Corporate Bonds | 34.4% |
| Asset-Backed Securities | 10.5% |
| U.S. Treasury Obligations | 6.4% |
| Foreign Government Securities | 3.6% |
| Exchange-Traded Funds | 3.4% |
| Municipal Notes | 0.5% |
| Loan Assignments | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Closed-End Funds | 0.0%<sup>Footnote Reference\*</sup> |
| Short-Term Investments | 6.8% |
| Liabilities Less Other Assets | (17.8)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Represents less than 0.05% of net assets of the Fund. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/strategicincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.877.9700.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0299 06/25

# Neuberger Berman

# Strategic Income Fund
![Image](i77ed05c9683930a408c46c62.jpg)

Semi-Annual Shareholder Report

April 30, 2025

# Class R6: NRSIX
This semi-annual shareholder report contains important information about the Fund for the period of November 1, 2024 to April 30, 2025. You can find additional information about the Fund at nb.com/strategicincome. You can also request this information by contacting your financial intermediary or investment provider or at 800.366.6264 or issdl@nb.com.

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

---

| | | |
|:---|:---|:---|
| Class Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment<sup>Footnote Reference\*</sup> |
| Class R6 | $25 | 0.49% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Annualized. |

---

## Key Fund Statistics

---

| | |
|:---|:---|
| Net Assets | $6124226117 |
| Number of Portfolio Holdings | 2290 |
| Portfolio Turnover Rate | 70% |

---

## What did the Fund invest in?

### Top Ten Issuers

### (as a % of Total Investments<sup>Footnote Reference \*</sup>)

---

| | |
|:---|:---|
| Uniform Mortgage-Backed Securities | 14.1% |
| Federal National Mortgage Association | 6.6% |
| State Street Institutional U.S. Government Money Market Fund Premier Class | 5.8% |
| U.S. Treasury | 5.4% |
| Federal Home Loan Mortgage Corp. | 4.9% |
| Government National Mortgage Association | 2.8% |
| Federal National Mortgage Association Connecticut Avenue Securities | 2.5% |
| Federal Home Loan Mortgage Corp. STACR REMIC Trust | 2.3% |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.8% |
| BX Commercial Mortgage Trust | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Derivatives (other than options purchased), if any, are excluded from this calculation. |

---

### Portfolio by Investment Type

### (as a % of Total Net Assets)

---

| | |
|:---|:---|
| Mortgage-Backed Securities | 51.7% |
| Corporate Bonds | 34.4% |
| Asset-Backed Securities | 10.5% |
| U.S. Treasury Obligations | 6.4% |
| Foreign Government Securities | 3.6% |
| Exchange-Traded Funds | 3.4% |
| Municipal Notes | 0.5% |
| Loan Assignments | 0.4% |
| U.S. Government Agency Securities | 0.1% |
| Closed-End Funds | 0.0%<sup>Footnote Reference\*</sup> |
| Short-Term Investments | 6.8% |
| Liabilities Less Other Assets | (17.8)%<sup>Footnote Reference\*\*</sup> |
| Total | 100.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;Represents less than 0.05% of net assets of the Fund. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Includes the impact of the Fund's open positions in derivatives (other than options purchased), if any. |

---

#### Additional Information
If you wish to view additional information about the Fund, including but not limited to the Fund's prospectus, financial information, holdings, and proxy voting information, please visit nb.com/strategicincome.

## Householding
You may have consented to receive one shareholder report at your address if you and one or more individuals in your home have an account with the Fund (householding). If you wish to receive individual copies of your shareholder report, please contact your financial intermediary or investment provider (e.g. an insurance company, broker-dealer or bank) or if you are a direct investor with the Fund please contact 800.366.6264.

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund name in this piece is either a service mark or registered service mark of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA.<sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

## Z0297 06/25**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable to the Registrant.

#### Item 2. Code of Ethics.
The Board of Trustees ("Board") of Neuberger Berman Income Funds ("Registrant") has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions ("Code of Ethics"). During the period covered by this Form N-CSR, there were no substantive amendments to the Code of Ethics and there were no waivers from the Code of Ethics granted to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.

A copy of the [<u>Code of Ethics is incorporated by reference to Neuberger Berman Alternative Funds' Form N-CSR, Investment Company Act file number 811-21715 (filed January 6, 2025)</u>](https://www.sec.gov/Archives/edgar/data/1317474/000198115825000004/codeofethics.htm). The Code of Ethics is also available, without charge, by calling 1-800-877-9700 (toll-free).

#### Item 3. Audit Committee Financial Expert.
Not applicable to semi-annual reports on Form N-CSR.

#### Item 4. Principal Accountant Fees and Services.
Not applicable to semi-annual reports on Form N-CSR.

#### Item 5. Audit Committee of Listed Registrants.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Not applicable to the Registrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable to the Registrant.

#### Item 6. Investments.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The complete schedule of investments for each series is disclosed in the Registrant's financial statements, which is included in Item 7 of this Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable to the Registrant.

#### Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.
![](img451d30c81.jpg)

Neuberger Berman

Income Funds

---

| | |
|:---|:---|
| Investor Class Shares | Class C Shares |
| Trust Class Shares | Class R3 Shares |
| Institutional Class Shares | Class R6 Shares |
| Class A Shares | Class E Shares |

---

---

| |
|:---|
| Core Bond Fund  |
| Emerging Markets Debt Fund  |
| Floating Rate Income Fund  |
| High Income Bond Fund  |

---

---

| |
|:---|
| Municipal High Income Fund  |
| Municipal Impact Fund  |
| Municipal Intermediate Bond Fund  |
| Strategic Income Fund  |

---

![](img6c132d0d2.jpg)

Semi-Annual Financial Statements and Other Information

April 30, 2025

------

![](img117444ca3.gif)

Contents

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| [LEGEND (Form N-CSR Item 7)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_LEG-TOC-Legend-24_1) | 3 |
| [SCHEDULE OF INVESTMENTS (Form N-CSR Item 7)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_1) | 6 |
| [Core Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_1) | 6 |
| [Positions by Country](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_15) | 20 |
| [Emerging Markets Debt Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_18) | 23 |
| [Positions by Industry](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_33) | 38 |
| [Floating Rate Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_44) | 49 |
| [Positions by Country](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_59) | 64 |
| [High Income Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_62) | 67 |
| [Positions by Country](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_80) | 85 |
| [Municipal High Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_82) | 87 |
| [Municipal Impact Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_91) | 96 |
| [Municipal Intermediate Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_98) | 103 |
| [Strategic Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_108) | 113 |
| [Positions by Country](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOI-TOC-SOI-24_164) | 169 |
| [FINANCIAL STATEMENTS (Form N-CSR Item 7)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FS-StatementofAssetsandLiabilities-Intro-24_1) | 180 |
| [Remuneration paid to trustees, officers, and others (Form N-CSR](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_1)<br> [Item 10)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_1)<br>| 184 |
| [Core Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_1) | 184 |
| [Emerging Markets Debt Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_1) | 184 |
| [Floating Rate Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_1) | 184 |
| [High Income Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_1) | 184 |
| [Municipal High Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_2) | 185 |
| [Municipal Impact Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_2) | 185 |
| [Municipal Intermediate Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_2) | 185 |
| [Strategic Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_SOPI-StatementofOperations-Intro-24_2) | 185 |
| [NOTES TO FINANCIAL STATEMENTS (Form N-CSR](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_NTF-TOC-NTFS-29_1)<br> [Item 7)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_NTF-TOC-NTFS-29_1)<br>| 191 |
| [FINANCIAL HIGHLIGHTS (ALL CLASSES) (Form N-CSR](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_2)<br> [Item 7)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_2)<br>| 216 |
| [Core Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_2) | 216 |
| [Emerging Markets Debt Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_4) | 218 |
| [Floating Rate Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_4) | 218 |
| [High Income Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_6) | 220 |
| [Municipal High Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_8) | 222 |

---

------

![](img117444ca3.gif)

Contents

---

| | |
|:---|:---|
| [Municipal Impact Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_10) | 224 |
| [Municipal Intermediate Bond Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_12) | 226 |
| [Strategic Income Fund](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_FIHIPIV-TOC-PivotedFinancialHighlights-Name-24_12) | 226 |
| [Directory (Form N-CSR Item 7)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_DIRECT-Directory_1) | 232 |
| [Changes in and disagreements with accountants (Form N-CSR Item 8)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_DIRECT-Directory_1) | N/A |
| [Proxy Disclosures (Form N-CSR Item 9)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_DIRECT-Directory_1) | N/A |
| [Board Consideration of the Management Agreements (Form N-CSR](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_DIRECT-Directory_1)<br> [Item 11)](#xx_4301e1f6-ddf8-47fa-bfa0-dd5e6ea2807d_DIRECT-Directory_1)<br>| N/A |

---

The "Neuberger Berman" name and logo and "Neuberger Berman Investment Advisers LLC" name are registered service marks of Neuberger Berman Group LLC. The individual Fund names in this piece are either service marks or registered service marks of Neuberger Berman Investment Advisers LLC, an affiliate of Neuberger Berman BD LLC, distributor, member FINRA. <sup>©</sup>2025 Neuberger Berman BD LLC, distributor. All rights reserved.

------

Legend April 30, 2025 (Unaudited)

**Neuberger Berman Income Funds** 

---

| | |
|:---|:---|
| **Clearinghouses:** | **Clearinghouses:** |
| CME | = CME Group, Inc. |
| ICE CC | = ICE Clear Credit LLC |
| LCH | = LCH Clearnet Limited |
| **Counterparties:** | **Counterparties:** |
| BCB | = Barclays Bank PLC |
| BNP | = BNP Paribas SA |
| CITI | = Citibank, N.A. |
| DB | = Deutsche Bank AG |
| GSI | = Goldman Sachs International |
| HSBC | = HSBC Bank plc |
| JPM | = JPMorgan Chase Bank N.A. |
| MS | = Morgan Stanley Capital Services LLC |
| SCB | = Standard Chartered Bank |
| SSB | = State Street Bank and Trust Company |
| **Index Periods/Payment Frequencies:** | **Index Periods/Payment Frequencies:** |
| 1D | = 1 Day |
| 7D | = 7 Days |
| 28D | = 28 Days |
| 1M | = 1 Month |
| 3M | = 3 Months |
| 6M | = 6 Months |
| 1Y | = 1 Year |
| T | = Termination |
| **Non-Deliverable Forward Contracts:** | **Non-Deliverable Forward Contracts:** |
| ARS | = Argentine Peso |
| BRL | = Brazilian Real |
| CLP | = Chilean Peso |
| COP | = Colombian Peso |
| EGP | = Egyptian Pound |
| IDR | = Indonesian Rupiah |
| INR | = Indian Rupee |
| KRW | = South Korean Won |
| KZT | = Kazakhstani Tenge |
| MYR | = Malaysian Ringgit |
| NGN | = Nigerian Naira |
| PEN | = Peruvian Nuevo Sol |
| PHP | = Philippine Peso |
| TWD | = Taiwan Dollar |
| **Other Abbreviations:** | **Other Abbreviations:** |
| CJSC | = Closed Joint Stock Company |
| JSC | = Joint Stock Company |
| Management or NBIA | = Neuberger Berman Investment Advisers LLC |
| PJSC | = Public Joint Stock Company |
| **Reference Rate Benchmarks:** | **Reference Rate Benchmarks:** |
| €STR | = Euro Short Term Rate |

---

------

Legend April 30, 2025 (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Reference Rate Benchmarks (cont'd):** | **Reference Rate Benchmarks (cont'd):** |
| BUBOR | = Budapest Interbank Offered Rate |
| CETIP | = Overnight Brazil Interbank Deposit Rate |
| CLICP | = Sinacofi Chile Interbank Rate Average |
| CNRR007 | = China Fixing Rate Repo Rates 7 Day |
| CPTFEMU | = Eurostat Eurozone Harmonised Indices of Consumer Prices Ex Tobacco Unrevised <br> Series NSA<br>|
| CPURNSA | = US CPI Urban Consumers NSA |
| EURIBOR | = Euro Interbank Offered Rate |
| F-TIIE | = Mexican Overnight TIIE Funding Rate |
| IBRCOL | = Colombia Overnight Interbank Reference Rate |
| LIBOR | = London Interbank Offered Rate |
| PRIBOR | = Prague Interbank Offered Rate |
| SOFR | = Secured Overnight Financing Rate |
| THOR | = Thai Overnight Repurchase Rate |
| TIIE | = Mexican Interbank Equilibrium Interest Rate |
| WIBOR | = Poland Warsaw Interbank Offered Rate |
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| ARS | = Argentina Peso |
| AUD | = Australian Dollar |
| BRL | = Brazilian Real |
| CAD | = Canadian Dollar |
| CLP | = Chilean Peso |
| CNH<sup>(a)</sup> | = Chinese Yuan Renminbi |
| CNY<sup>(a)</sup> | = Chinese Yuan Renminbi |
| COP | = Colombian Peso |
| CRC | = Costa Rica Colon |
| CZK | = Czech Koruna |
| DKK | = Denmark Krone |
| DOP | = Dominican Peso |
| EGP | = Egyptian Pound |
| EUR | = Euro |
| GBP | = Pound Sterling |
| GHS | = Ghanaian Cedi |
| HUF | = Hungarian Forint |
| IDR | = Indonesian Rupiah |
| ILS | = Israeli New Shekel |
| INR | = Indian Rupee |
| JPY | = Japanese Yen |
| KRW | = South Korean Won |
| KZT | = Kazakhstani Tenge |
| MXN | = Mexican Peso |
| MYR | = Malaysia Ringgit |
| NGN | = Nigeria Naira |
| NOK | = Norway Krone |
| PEN | = Peruvian Nuevo Sol |
| PHP | = Philippine Peso |
| PLN | = Polish Zloty |
| RON | = Romanian New Leu |

---

------

Legend April 30, 2025 (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Currency Abbreviations (cont'd):** | **Currency Abbreviations (cont'd):** |
| SEK | = Sweden Krona |
| SGD | = Singapore Dollar |
| THB | = Thai Baht |
| TRY | = Turkish Lira |
| TWD | = Taiwan Dollar |
| UGX | = Ugandan Shilling |
| USD | = United States Dollar |
| UYU | = Uruguayan Peso |
| ZAR | = South African Rand |
| ZMW | = Zambian Kwacha |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(a) There is one official currency held in China, the Chinese Yuan Renminbi. CNY is traded onshore, in mainland China and CNH is traded offshore, mainly in the Hong Kong market, each at a different exchange rate.

------

Schedule of Investments Core Bond Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **U.S. Treasury Obligations 15.3%** | **U.S. Treasury Obligations 15.3%** | **U.S. Treasury Obligations 15.3%** |
|  | U.S. Treasury Bonds |  |
| $3255000 | 2.00%, due 11/15/2041 | &nbsp;&nbsp; $2258029 |
| 4360000 | 3.13%, due 2/15/2042 | &nbsp;&nbsp; 3589506 |
| 15920000 | 4.63%, due 5/15/2044 - 2/15/2055 | &nbsp;&nbsp; 15769387 |
| 2175000 | 2.50%, due 2/15/2045 | &nbsp;&nbsp; 1546204 |
| 11830000 | 2.25%, due 8/15/2046 - 8/15/2049 | &nbsp;&nbsp; 7595436 |
| 15505000 | 2.75%, due 11/15/2047 | &nbsp;&nbsp; 11139979 |
| 4315000 | 4.13%, due 8/15/2053 | &nbsp;&nbsp; 3910806 |
| 6245000 | 4.50%, due 11/15/2054 | &nbsp;&nbsp; 6044965 |
|  | U.S. Treasury Notes |  |
| 40125000 | 4.38%, due 12/15/2026 - 5/15/2034 | &nbsp;&nbsp; 40734008 |
| 21820000 | 4.00%, due 1/15/2027 - 4/30/2032 | &nbsp;&nbsp; 21933728 |
| 24735000 | 4.13%, due 10/31/2027 - 7/31/2028 | &nbsp;&nbsp; 25061501 |
| 2975000 | 4.88%, due 10/31/2028 | &nbsp;&nbsp; 3095278 |
| 8050000 | 1.38%, due 11/15/2031 | &nbsp;&nbsp; 6879291 |
| 2240000 | 3.50%, due 2/15/2033 | &nbsp;&nbsp; 2164138 |
| 650000 | 3.38%, due 5/15/2033 | &nbsp;&nbsp; 620699 |
| 3345000 | 3.88%, due 8/15/2034 | &nbsp;&nbsp; 3276532 |
| 2480000 | 4.63%, due 2/15/2035 | &nbsp;&nbsp; 2573000 |
| **Total U.S. Treasury Obligations (Cost $156,671,821)** | **Total U.S. Treasury Obligations (Cost $156,671,821)** | &nbsp;&nbsp; **158192487** |
| **U.S. Government Agency Securities 0.3%** | **U.S. Government Agency Securities 0.3%** | **U.S. Government Agency Securities 0.3%** |
| 1985000 | Federal National Mortgage Association Principal Strip, 0.00%, due 7/15/2037 | &nbsp;&nbsp; 1107120<br> <sup>(a)</sup><br>|
| 2160000 | Tennessee Valley Authority, 5.25%, due 2/1/2055 | &nbsp;&nbsp; 2106155 |
| **Total U.S. Government Agency Securities (Cost $3,514,693)** | **Total U.S. Government Agency Securities (Cost $3,514,693)** | &nbsp;&nbsp; **3213275** |
| **Mortgage-Backed Securities 37.1%** | **Mortgage-Backed Securities 37.1%** | **Mortgage-Backed Securities 37.1%** |
| **Collateralized Mortgage Obligations 4.7%** | **Collateralized Mortgage Obligations 4.7%** | **Collateralized Mortgage Obligations 4.7%** |
|  | Angel Oak Mortgage Trust |  |
| 62435 | Series 2019-6, Class A1, 2.62%, due 11/25/2059 | &nbsp;&nbsp; 61166<br> <sup>(b)(c)</sup><br>|
| 719604 | Series 2021-3, Class A1, 1.07%, due 5/25/2066 | &nbsp;&nbsp; 621146<br> <sup>(b)(c)</sup><br>|
| 104745 | Series 2022-5, Class A1, 4.50%, due 5/25/2067 | &nbsp;&nbsp; 103389<br> <sup>(b)</sup><br>|
|  | Chase Home Lending Mortgage Trust |  |
| 677246 | Series 2024-2, Class A6A, 6.00%, due 2/25/2055 | &nbsp;&nbsp; 680327<br> <sup>(b)(c)</sup><br>|
| 1360118 | Series 2024-4, Class A6, 6.00%, due 3/25/2055 | &nbsp;&nbsp; 1372342<br> <sup>(b)(c)</sup><br>|
| 2161026 | Series 2024-11, Class A4, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 2182073<br> <sup>(b)(c)</sup><br>|
| 2214649 | Series 2025-1, Class A4, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 2236814<br> <sup>(b)(c)</sup><br>|
| 1822000 | COOPR Residential Mortgage Trust, Series 2025-CES1, Class A1A, 5.65%, due 5/25/2060 | &nbsp;&nbsp; 1821995<br> <sup>(b)</sup><br>|
| 2070230 | EFMT, Series 2024-INV2, Class A1, 5.04%, due 10/25/2069 | &nbsp;&nbsp; 2054971<br> <sup>(b)</sup><br>|
| 317188 | Ellington Financial Mortgage Trust, Series 2022-1, Class A1, 2.21%, due 1/25/2067 | &nbsp;&nbsp; 276263<br> <sup>(b)(c)</sup><br>|
|  | Federal Home Loan Mortgage Corp. REMIC |  |
| 1165488 | Series 4018, Class HS, (6.34% - 30 day USD SOFR Average), 1.99%, due 3/15/2042 | &nbsp;&nbsp; 173551<br> <sup>(d)(e)</sup><br>|
| 738700 | Series 4159, Class KS, (6.04% - 30 day USD SOFR Average), 1.69%, due 1/15/2043 | &nbsp;&nbsp; 88633<br> <sup>(d)(e)</sup><br>|
| 3339911 | Series 5013, Class ID, 3.00%, due 9/25/2050 | &nbsp;&nbsp; 442717<br> <sup>(e)</sup><br>|
|  | Federal Home Loan Mortgage Corp. STACR REMIC Trust |  |
| 1100000 | Series 2021-DNA7, Class M2, (30 day USD SOFR Average + 1.80%), 6.15%, due 11/25/2041 | &nbsp;&nbsp; 1103271<br> <sup>(b)(d)</sup><br>|
| 550000 | Series 2022-DNA1, Class M2, (30 day USD SOFR Average + 2.50%), 6.85%, due 1/25/2042 | &nbsp;&nbsp; 557562<br> <sup>(b)(d)</sup><br>|
| 504000 | Series 2022-DNA2, Class M1B, (30 day USD SOFR Average + 2.40%), 6.75%, due 2/25/2042 | &nbsp;&nbsp; 514473<br> <sup>(b)(d)</sup><br>|
| 1325000 | Series 2022-DNA3, Class M1B, (30 day USD SOFR Average + 2.90%), 7.25%, due 4/25/2042 | &nbsp;&nbsp; 1359945<br> <sup>(b)(d)</sup><br>|
| 31000 | Series 2022-DNA4, Class M1B, (30 day USD SOFR Average + 3.35%), 7.70%, due 5/25/2042 | &nbsp;&nbsp; 32124<br> <sup>(b)(d)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
| $| 2645000 | Series 2024-DNA2, Class M2, (30 day USD SOFR Average + 1.70%), 6.05%, due 5/25/2044 | &nbsp;&nbsp; $2640054<br> <sup>(b)(d)</sup><br>|
|  |  | Federal National Mortgage Association Connecticut Avenue Securities Trust |  |
|  | 1575000 | Series 2022-R01, Class 1M2, (30 day USD SOFR Average + 1.90%), 6.25%, due 12/25/2041 | &nbsp;&nbsp; 1581871<br> <sup>(b)(d)</sup><br>|
|  | 2161000 | Series 2022-R04, Class 1M2, (30 day USD SOFR Average + 3.10%), 7.45%, due 3/25/2042 | &nbsp;&nbsp; 2218910<br> <sup>(b)(d)</sup><br>|
|  | 1540000 | Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.85%, due 3/25/2042 | &nbsp;&nbsp; 1591020<br> <sup>(b)(d)</sup><br>|
|  | 1312000 | Series 2022-R07, Class 1M2, (30 day USD SOFR Average + 4.65%), 9.00%, due 6/25/2042 | &nbsp;&nbsp; 1389907<br> <sup>(b)(d)</sup><br>|
|  | 475000 | Series 2022-R08, Class 1M2, (30 day USD SOFR Average + 3.60%), 7.95%, due 7/25/2042 | &nbsp;&nbsp; 493112<br> <sup>(b)(d)</sup><br>|
|  | 2118000 | Series 2024-R04, Class 1M2, (30 day USD SOFR Average + 1.65%), 6.00%, due 5/25/2044 | &nbsp;&nbsp; 2107410<br> <sup>(b)(d)</sup><br>|
|  | 1453048 | &nbsp;&nbsp; Federal National Mortgage Association Interest Strip, Series 418, Class C24, 4.00%, due <br> 8/25/2043<br>| &nbsp;&nbsp; 268408<br> <sup>(e)</sup><br>|
|  |  | Federal National Mortgage Association REMIC |  |
|  | 1250339 | Series 2013-6, Class SB, (5.99% - 30 day USD SOFR Average), 1.63%, due 2/25/2043 | &nbsp;&nbsp; 143364<br> <sup>(d)(e)</sup><br>|
|  | 724977 | Series 2016-32, Class LI, 3.50%, due 6/25/2046 | &nbsp;&nbsp; 121747<br> <sup>(e)</sup><br>|
|  |  | GCAT Trust |  |
|  | 310323 | Series 2019-NQM3, Class A1, 3.69%, due 11/25/2059 | &nbsp;&nbsp; 302062<br> <sup>(b)(c)</sup><br>|
|  | 1050743 | Series 2021-NQM5, Class A1, 1.26%, due 7/25/2066 | &nbsp;&nbsp; 877976<br> <sup>(b)(c)</sup><br>|
|  |  | Government National Mortgage Association REMIC |  |
|  | 1323899 | Series 2013-5, Class BI, 3.50%, due 1/20/2043 | &nbsp;&nbsp; 214367<br> <sup>(e)</sup><br>|
|  | 1791861 | Series 2013-23, Class IT, 3.50%, due 2/20/2043 | &nbsp;&nbsp; 289491<br> <sup>(e)</sup><br>|
|  | 610988 | Series 2016-77, Class TS, (6.04% - 1 mo. USD Term SOFR), 1.72%, due 12/20/2044 | &nbsp;&nbsp; 58962<br> <sup>(d)(e)</sup><br>|
|  | 799974 | Series 2020-107, Class AB, 1.00%, due 7/20/2050 | &nbsp;&nbsp; 607272 |
|  | 1464074 | Series 2020-112, Class KA, 1.00%, due 8/20/2050 | &nbsp;&nbsp; 1115109 |
|  | 3159829 | Series 2021-26, Class AI, 2.00%, due 2/20/2051 | &nbsp;&nbsp; 411942<br> <sup>(e)</sup><br>|
|  | 1234877 | Series 2021-103, Class HE, 2.00%, due 6/20/2051 | &nbsp;&nbsp; 1018064 |
|  | 338983 | &nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2024-3, Class A2, 6.00%, due <br> 7/25/2054<br>| &nbsp;&nbsp; 340480<br> <sup>(b)(c)</sup><br>|
|  | 115351 | New Residential Mortgage Loan Trust, Series 2019-NQM5, Class A1, 2.71%, due 11/25/2059 | &nbsp;&nbsp; 109422<br> <sup>(b)(c)</sup><br>|
|  |  | OBX Trust |  |
|  | 1169000 | Series 2025-NQM7, Class A1, 5.56%, due 5/25/2055 | &nbsp;&nbsp; 1171941<br> <sup>(b)</sup><br>|
|  | 961000 | Series 2025-NQM7, Class A2, 5.76%, due 5/25/2055 | &nbsp;&nbsp; 963405<br> <sup>(b)</sup><br>|
|  | 172993 | Series 2024-NQM4, Class A1, 6.07%, due 1/25/2064 | &nbsp;&nbsp; 174007<br> <sup>(b)</sup><br>|
|  | 1256421 | Series 2024-NQM6, Class A1, 6.45%, due 2/25/2064 | &nbsp;&nbsp; 1269629<br> <sup>(b)</sup><br>|
|  | 1536625 | Series 2024-NQM14, Class A1, 4.94%, due 9/25/2064 | &nbsp;&nbsp; 1526388<br> <sup>(b)</sup><br>|
|  |  | Starwood Mortgage Residential Trust |  |
|  | 654094 | Series 2021-3, Class A1, 1.13%, due 6/25/2056 | &nbsp;&nbsp; 552301<br> <sup>(b)(c)</sup><br>|
|  | 1108606 | Series 2021-6, Class A1, 1.92%, due 11/25/2066 | &nbsp;&nbsp; 979459<br> <sup>(b)(c)</sup><br>|
|  |  | Towd Point Mortgage Trust |  |
|  | 108356 | Series 2017-2, Class A2, 3.25%, due 4/25/2057 | &nbsp;&nbsp; 107600<br> <sup>(b)(c)</sup><br>|
|  | 2122797 | Series 2022-4, Class A1, 3.75%, due 9/25/2062 | &nbsp;&nbsp; 2016711<br> <sup>(b)</sup><br>|
|  |  | Verus Securitization Trust |  |
|  | 855950 | Series 2021-3, Class A1, 1.05%, due 6/25/2066 | &nbsp;&nbsp; 733032<br> <sup>(b)(c)</sup><br>|
|  | 1267205 | Series 2021-6, Class A1, 1.63%, due 10/25/2066 | &nbsp;&nbsp; 1090910<br> <sup>(b)(c)</sup><br>|
|  | 1561088 | Series 2024-4, Class A1, 6.22%, due 6/25/2069 | &nbsp;&nbsp; 1574402<br> <sup>(b)</sup><br>|
|  | 2430000 | Series 2025-3, Class A1, 5.62%, due 5/25/2070 | &nbsp;&nbsp; 2434851<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **48178348** |
| **Commercial Mortgage-Backed 6.7%** | **Commercial Mortgage-Backed 6.7%** | **Commercial Mortgage-Backed 6.7%** | **Commercial Mortgage-Backed 6.7%** |
|  |  | BANK |  |
|  | 1273000 | Series 2022-BNK39, Class A4, 2.93%, due 2/15/2055 | &nbsp;&nbsp; 1123433<br> <sup>(c)</sup><br>|
|  | 450000 | Series 2023-BNK45, Class A5, 5.20%, due 2/15/2056 | &nbsp;&nbsp; 454193 |
|  | 640000 | Series 2022-BNK41, Class A4, 3.92%, due 4/15/2065 | &nbsp;&nbsp; 597053<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  | BANK5 |  |
| $513000 | Series 2023-5YR2, Class C, 7.40%, due 7/15/2056 | &nbsp;&nbsp; $527711<br> <sup>(c)</sup><br>|
| 1533000 | Series 2024-5YR12, Class C, 6.50%, due 12/15/2057 | &nbsp;&nbsp; 1551290<br> <sup>(c)</sup><br>|
|  | BBCMS Mortgage Trust |  |
| 1062000 | Series 2022-C18, Class A5, 5.71%, due 12/15/2055 | &nbsp;&nbsp; 1114542<br> <sup>(c)</sup><br>|
| 1393000 | Series 2023-C19, Class A5, 5.45%, due 4/15/2056 | &nbsp;&nbsp; 1435611 |
| 547000 | Series 2023-C20, Class A5, 5.58%, due 7/15/2056 | &nbsp;&nbsp; 565029 |
| 180779 | Series 2023-C22, Class A5, 6.80%, due 11/15/2056 | &nbsp;&nbsp; 202600<br> <sup>(c)</sup><br>|
| 539000 | Series 2024-C26, Class A5, 5.83%, due 5/15/2057 | &nbsp;&nbsp; 569086 |
| 1501000 | Series 2024-5C27, Class A3, 6.01%, due 7/15/2057 | &nbsp;&nbsp; 1575299 |
| 235000 | Series 2024-5C31, Class AS, 5.85%, due 12/15/2057 | &nbsp;&nbsp; 240981<br> <sup>(c)</sup><br>|
| 321000 | Series 2025-5C34, Class C, 7.03%, due 5/15/2058 | &nbsp;&nbsp; 328756<br> <sup>(c)(f)</sup><br>|
|  | Benchmark Mortgage Trust |  |
| 11110186 | Series 2021-B26, Class XA, 0.99%, due 6/15/2054 | &nbsp;&nbsp; 400288<br> <sup>(c)(e)</sup><br>|
| 441234 | Series 2021-B31, Class A5, 2.67%, due 12/15/2054 | &nbsp;&nbsp; 384525 |
| 1079000 | Series 2023-V2, Class C, 6.99%, due 5/15/2055 | &nbsp;&nbsp; 1097850<br> <sup>(c)</sup><br>|
| 1114000 | Series 2023-B39, Class A4, 5.50%, due 7/15/2056 | &nbsp;&nbsp; 1153957 |
| 796000 | Series 2023-V3, Class C, 7.41%, due 7/15/2056 | &nbsp;&nbsp; 810616<br> <sup>(c)</sup><br>|
| 1533868 | Series 2023-B40, Class A5, 6.05%, due 12/15/2056 | &nbsp;&nbsp; 1638659 |
| 139000 | BMO Mortgage Trust, Series 2023-C7, Class A5, 6.16%, due 12/15/2056 | &nbsp;&nbsp; 148728 |
|  | BX Commercial Mortgage Trust |  |
| 1900000 | Series 2021-VOLT, Class D, (1 mo. USD Term SOFR + 1.76%), 6.09%, due 9/15/2036 | &nbsp;&nbsp; 1871500<br> <sup>(b)(d)</sup><br>|
| 811628 | Series 2024-XL4, Class B, (1 mo. USD Term SOFR + 1.79%), 6.11%, due 2/15/2039 | &nbsp;&nbsp; 810106<br> <sup>(b)(d)</sup><br>|
|  | BX Trust |  |
| 1918000 | Series 2024-VLT4, Class C, (1 mo. USD Term SOFR + 2.14%), 6.46%, due 7/15/2029 | &nbsp;&nbsp; 1894025<br> <sup>(b)(d)</sup><br>|
| 1855000 | Series 2025-ROIC, Class C, (1 mo. USD Term SOFR + 1.54%), 5.87%, due 3/15/2030 | &nbsp;&nbsp; 1794771<br> <sup>(b)(d)</sup><br>|
| 1730000 | Series 2019-OC11, Class C, 3.86%, due 12/9/2041 | &nbsp;&nbsp; 1617735<br> <sup>(b)</sup><br>|
| 1416000 | &nbsp;&nbsp; CAMB Commercial Mortgage Trust, Series 2019-LIFE, Class B, (1 mo. USD Term SOFR + 1.55%), <br> 5.87%, due 12/15/2037<br>| &nbsp;&nbsp; 1412131<br> <sup>(b)(d)</sup><br>|
| 1445049 | Citigroup Commercial Mortgage Trust, Series 2022-GC48, Class A5, 4.74%, due 5/15/2054 | &nbsp;&nbsp; 1425041<br> <sup>(c)</sup><br>|
|  | COMM Mortgage Trust |  |
| 1469000 | Series 2024-CBM, Class C, 7.15%, due 12/10/2041 | &nbsp;&nbsp; 1504380<br> <sup>(b)(c)</sup><br>|
| 137499 | Series 2014-UBS3, Class XA, 0.77%, due 6/10/2047 | &nbsp;&nbsp; 2<br> <sup>(c)(e)</sup><br>|
| 1106000 | &nbsp;&nbsp; CONE Trust, Series 2024-DFW1, Class A, (1 mo. USD Term SOFR + 1.64%), 5.96%, due <br> 8/15/2041<br>| &nbsp;&nbsp; 1100465<br> <sup>(b)(d)</sup><br>|
| 16792091 | CSAIL Commercial Mortgage Trust, Series 2016-C5, Class XA, 0.99%, due 11/15/2048 | &nbsp;&nbsp; 28160<br> <sup>(c)(e)</sup><br>|
| 2124000 | Fashion Show Mall LLC, Series 2024-SHOW, Class A, 5.27%, due 10/10/2041 | &nbsp;&nbsp; 2144218<br> <sup>(b)(c)</sup><br>|
|  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates |  |
| 19684598 | Series KW03, Class X1, 0.91%, due 6/25/2027 | &nbsp;&nbsp; 248851<br> <sup>(c)(e)</sup><br>|
| 2699329 | Series K512, Class A2, 5.00%, due 11/25/2028 | &nbsp;&nbsp; 2774227<br> <sup>(g)</sup><br>|
| 63186000 | Series K088, Class XAM, 0.57%, due 1/25/2029 | &nbsp;&nbsp; 993031<br> <sup>(c)(e)</sup><br>|
| 2947374 | Series K088, Class A2, 3.69%, due 1/25/2029 | &nbsp;&nbsp; 2908743<br> <sup>(g)</sup><br>|
| 22499646 | Series K090, Class X1, 0.85%, due 2/25/2029 | &nbsp;&nbsp; 549466<br> <sup>(c)(e)</sup><br>|
| 10000000 | Series K098, Class XAM, 1.52%, due 8/25/2029 | &nbsp;&nbsp; 534853<br> <sup>(c)(e)</sup><br>|
| 2983000 | Series K117, Class A2, 1.41%, due 8/25/2030 | &nbsp;&nbsp; 2593657<br> <sup>(g)</sup><br>|
| 1607526 | FIVE Mortgage Trust, Series 2023-V1, Class B, 6.51%, due 2/10/2056 | &nbsp;&nbsp; 1649041<br> <sup>(c)</sup><br>|
| 2055188 | FREMF Mortgage Trust, Series K760, Class A2, 4.55%, due 1/25/2032 | &nbsp;&nbsp; 2075090<br> <sup>(c)(g)</sup><br>|
|  | GS Mortgage Securities Trust |  |
| 950000 | Series 2019-GC42, Class A4, 3.00%, due 9/10/2052 | &nbsp;&nbsp; 880695 |
| 1200000 | Series 2019-GSA1, Class A4, 3.05%, due 11/10/2052 | &nbsp;&nbsp; 1119997 |
| 1274000 | Hudson Yards Mortgage Trust, Series 2025-SPRL, Class C, 6.15%, due 1/13/2040 | &nbsp;&nbsp; 1308752<br> <sup>(b)(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $| 2871000 | &nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR + 2.25%), 6.57%, <br> due 3/15/2042<br>| &nbsp;&nbsp; $2809991<br> <sup>(b)(d)</sup><br>|
|  | 1432000 | IRV Trust, Series 2025-200P, Class C, 5.92%, due 3/14/2047 | &nbsp;&nbsp; 1413385<br> <sup>(b)(c)</sup><br>|
|  | 736000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class B, 3.38%, due <br> 1/5/2039<br>| &nbsp;&nbsp; 651580<br> <sup>(b)</sup><br>|
|  | 765000 | &nbsp;&nbsp; JPMBB Commercial Mortgage Securities Trust, Series 2015-C33, Class AS, 4.02%, due <br> 12/15/2048<br>| &nbsp;&nbsp; 754994 |
|  | 1529000 | Manhattan West Mortgage Trust, Series 2020-1MW, Class C, 2.41%, due 9/10/2039 | &nbsp;&nbsp; 1421478<br> <sup>(b)(c)</sup><br>|
|  | 1096761 | MSWF Commercial Mortgage Trust, Series 2023-2, Class A5, 6.01%, due 12/15/2056 | &nbsp;&nbsp; 1170802<br> <sup>(c)</sup><br>|
|  | 555000 | NY Commercial Mortgage Trust, Series 2025-299P, Class C, 6.38%, due 2/10/2047 | &nbsp;&nbsp; 550583<br> <sup>(b)(c)</sup><br>|
|  | 958000 | &nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class C, (1 mo. USD Term SOFR + 1.89%), <br> 6.21%, due 2/15/2042<br>| &nbsp;&nbsp; 929260<br> <sup>(b)(d)</sup><br>|
|  | 1024000 | ORL Trust, Series 2024-GLKS, Class A, (1 mo. USD Term SOFR + 1.49%), 5.81%, due 12/15/2039 | &nbsp;&nbsp; 1017600<br> <sup>(b)(d)</sup><br>|
|  | 2330000 | RFR Trust, Series 2025-SGRM, Class A, 5.56%, due 3/11/2041 | &nbsp;&nbsp; 2372911<br> <sup>(b)(c)</sup><br>|
|  | 2416000 | ROCK Trust, Series 2024-CNTR, Class A, 5.39%, due 11/13/2041 | &nbsp;&nbsp; 2460877<br> <sup>(b)</sup><br>|
|  | 1476000 | &nbsp;&nbsp; TCO Commercial Mortgage Trust, Series 2024-DPM, Class A, (1 mo. USD Term SOFR + 1.24%), <br> 5.56%, due 12/15/2039<br>| &nbsp;&nbsp; 1464930<br> <sup>(b)(d)</sup><br>|
|  | 1197000 | &nbsp;&nbsp; TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class A, (1 mo. USD Term SOFR + 1.29%), <br> 5.61%, due 4/15/2042<br>| &nbsp;&nbsp; 1182300<br> <sup>(b)(d)</sup><br>|
|  | 1350000 | Wells Fargo Commercial Mortgage Trust, Series 2024-1CHI, Class A, 5.48%, due 7/15/2035 | &nbsp;&nbsp; 1356803<br> <sup>(b)(c)</sup><br>|
|  |  | WF-RBS Commercial Mortgage Trust |  |
|  | 1348688 | Series 2014-C22, Class XA, 0.39%, due 9/15/2057 | &nbsp;&nbsp; 266<br> <sup>(c)(e)</sup><br>|
|  | 421951 | Series 2014-C22, Class AS, 4.07%, due 9/15/2057 | &nbsp;&nbsp; 399756<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **69116660** |
| **Federal Home Loan Mortgage Corp. 10.2%** | **Federal Home Loan Mortgage Corp. 10.2%** | **Federal Home Loan Mortgage Corp. 10.2%** | **Federal Home Loan Mortgage Corp. 10.2%** |
|  |  | Pass-Through Certificates |  |
|  | 3784238 | 2.00%, due 2/1/2051 - 3/1/2052 | &nbsp;&nbsp; 3014085 |
|  | 26946642 | 2.50%, due 7/1/2050 - 10/1/2053 | &nbsp;&nbsp; 22509648 |
|  | 11630236 | 3.00%, due 8/1/2046 - 2/1/2053 | &nbsp;&nbsp; 10187227 |
|  | 4072976 | 3.50%, due 3/1/2046 - 6/1/2052 | &nbsp;&nbsp; 3703621 |
|  | 7089771 | 4.00%, due 11/1/2047 - 1/1/2054 | &nbsp;&nbsp; 6622398 |
|  | 5494577 | 4.50%, due 6/1/2039 - 1/1/2054 | &nbsp;&nbsp; 5275375 |
|  | 14813649 | 5.00%, due 3/1/2038 - 12/1/2054 | &nbsp;&nbsp; 14534766 |
|  | 22483175 | 5.50%, due 9/1/2052 - 11/1/2054 | &nbsp;&nbsp; 22494669 |
|  | 15823122 | 6.00%, due 12/1/2052 - 2/1/2055 | &nbsp;&nbsp; 16079351 |
|  | 1195466 | 6.50%, due 7/1/2053 - 2/1/2055 | &nbsp;&nbsp; 1234965 |
|  |  |  | &nbsp;&nbsp; **105656105** |
| **Federal National Mortgage Association 13.5%** | **Federal National Mortgage Association 13.5%** | **Federal National Mortgage Association 13.5%** | **Federal National Mortgage Association 13.5%** |
|  |  | Pass-Through Certificates |  |
|  | 12140928 | 2.00%, due 9/1/2050 - 4/1/2052 | &nbsp;&nbsp; 9699248 |
|  | 45348286 | 2.50%, due 8/1/2050 - 9/1/2052 | &nbsp;&nbsp; 37876680 |
|  | 24453533 | 3.00%, due 10/1/2041 - 9/1/2052 | &nbsp;&nbsp; 21378416 |
|  | 7990277 | 3.50%, due 8/1/2043 - 7/1/2052 | &nbsp;&nbsp; 7262311 |
|  | 6016131 | 4.00%, due 6/1/2046 - 9/1/2053 | &nbsp;&nbsp; 5633744 |
|  | 6983643 | 4.50%, due 4/1/2034 - 12/1/2053 | &nbsp;&nbsp; 6718535 |
|  | 22855157 | 5.00%, due 6/1/2033 - 11/1/2054 | &nbsp;&nbsp; 22441478 |
|  | 17763749 | 5.50%, due 11/1/2052 - 4/1/2055 | &nbsp;&nbsp; 17770083 |
|  | 10024396 | 6.00%, due 4/1/2053 - 10/1/2054 | &nbsp;&nbsp; 10188226 |
|  | 1154709 | 6.50%, due 12/1/2053 - 1/1/2054 | &nbsp;&nbsp; 1190157 |
|  |  |  | &nbsp;&nbsp; **140158878** |

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Government National Mortgage Association 2.0%** | **Government National Mortgage Association 2.0%** | **Government National Mortgage Association 2.0%** |
|  | Pass-Through Certificates |  |
| $2853847 | 2.50%, due 7/20/2050 - 6/20/2051 | &nbsp;&nbsp; $2433968 |
| 4290810 | 4.50%, due 3/20/2052 - 8/20/2054 | &nbsp;&nbsp; 4125955 |
| 6598683 | 5.00%, due 9/20/2052 - 2/20/2055 | &nbsp;&nbsp; 6490844 |
| 5613917 | 5.50%, due 11/20/2052 - 10/20/2054 | &nbsp;&nbsp; 5623465 |
| 2066693 | 6.00%, due 12/20/2052 - 10/20/2054 | &nbsp;&nbsp; 2091644 |
|  |  | &nbsp;&nbsp; **20765876** |
| **Total Mortgage-Backed Securities (Cost $400,420,325)** | **Total Mortgage-Backed Securities (Cost $400,420,325)** | &nbsp;&nbsp; **383875867** |
| **Asset-Backed Securities 12.8%** | **Asset-Backed Securities 12.8%** | **Asset-Backed Securities 12.8%** |
| **Automobiles 1.9%** | **Automobiles 1.9%** | **Automobiles 1.9%** |
| 959275 | Ally Bank Auto Credit-Linked Notes, Series 2024-B, Class C, 5.22%, due 9/15/2032 | &nbsp;&nbsp; 961740<br> <sup>(b)</sup><br>|
|  | Avis Budget Rental Car Funding AESOP LLC |  |
| 1186000 | Series 2021-2A, Class A, 1.66%, due 2/20/2028 | &nbsp;&nbsp; 1131707<br> <sup>(b)</sup><br>|
| 723000 | Series 2021-2A, Class B, 1.90%, due 2/20/2028 | &nbsp;&nbsp; 686603<br> <sup>(b)</sup><br>|
| 1979000 | BMW Vehicle Owner Trust, Series 2025-A, Class A3, 4.56%, due 9/25/2029 | &nbsp;&nbsp; 1995789 |
| 1137385 | BOF VII AL Funding Trust I, Series 2023-CAR3, Class A2, 6.29%, due 7/26/2032 | &nbsp;&nbsp; 1157174<br> <sup>(b)</sup><br>|
| 2041000 | Exeter Automobile Receivables Trust, Series 2025-1A, Class C, 5.09%, due 5/15/2031 | &nbsp;&nbsp; 2054744 |
| 1619000 | &nbsp;&nbsp; GM Financial Consumer Automobile Receivables Trust, Series 2025-1, Class A3, 4.62%, due <br> 12/17/2029<br>| &nbsp;&nbsp; 1635708 |
| 2351000 | Honda Auto Receivables Owner Trust, Series 2025-1, Class A3, 4.57%, due 9/21/2029 | &nbsp;&nbsp; 2374546 |
| 692796 | Huntington Bank Auto Credit-Linked Notes, Series 2024-2, Class B1, 5.44%, due 10/20/2032 | &nbsp;&nbsp; 696262<br> <sup>(b)</sup><br>|
| 5947 | JPMorgan Chase Bank NA, Series 2021-3, Class B, 0.76%, due 2/26/2029 | &nbsp;&nbsp; 5930<br> <sup>(b)</sup><br>|
| 836000 | M&T Bank Auto Receivables Trust, Series 2025-1A, Class A3, 4.73%, due 6/17/2030 | &nbsp;&nbsp; 843129<br> <sup>(b)</sup><br>|
| 2788000 | Santander Drive Auto Receivables Trust, Series 2025-1, Class B, 4.88%, due 3/17/2031 | &nbsp;&nbsp; 2803970 |
| 866975 | U.S. Bank NA, Series 2023-1, Class B, 6.79%, due 8/25/2032 | &nbsp;&nbsp; 878270<br> <sup>(b)</sup><br>|
| 2206000 | Westlake Automobile Receivables Trust, Series 2025-1A, Class C, 5.14%, due 10/15/2030 | &nbsp;&nbsp; 2210345<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **19435917** |
| **Home Equity 0.2%** | **Home Equity 0.2%** | **Home Equity 0.2%** |
| 7857 | &nbsp;&nbsp; Chase Funding Trust, Series 2004-1, Class 2A2, (1 mo. USD Term SOFR + 0.57%), 4.90%, due <br> 12/25/2033<br>| &nbsp;&nbsp; 7709<br> <sup>(d)</sup><br>|
|  | JP Morgan Mortgage Trust |  |
| 835946 | Series 2023-HE2, Class A1, (30 day USD SOFR Average + 1.70%), 6.05%, due 3/20/2054 | &nbsp;&nbsp; 841553<br> <sup>(b)(d)</sup><br>|
| 369545 | Series 2023-HE3, Class A1, (30 day USD SOFR Average + 1.60%), 5.95%, due 5/25/2054 | &nbsp;&nbsp; 369913<br> <sup>(b)(d)</sup><br>|
| 951518 | Series 2024-HE1, Class A1, (30 day USD SOFR Average + 1.50%), 5.85%, due 8/25/2054 | &nbsp;&nbsp; 954179<br> <sup>(b)(d)</sup><br>|
|  |  | &nbsp;&nbsp; **2173354** |
| **Other 10.1%** | **Other 10.1%** | **Other 10.1%** |
| 800000 | &nbsp;&nbsp; 522 Funding CLO Ltd., Series 2019-5A, Class AR, (3 mo. USD Term SOFR + 1.33%), 5.59%, due <br> 4/15/2035<br>| &nbsp;&nbsp; 798087<br> <sup>(b)(d)</sup><br>|
| 4550000 | &nbsp;&nbsp; AIMCO CLO, Series 2017-AA, Class AR2, (3 mo. USD Term SOFR + 1.14%), 5.41%, due <br> 1/20/2038<br>| &nbsp;&nbsp; 4522700<br> <sup>(b)(d)</sup><br>|
| 1199073 | Aqua Finance Trust, Series 2021-A, Class A, 1.54%, due 7/17/2046 | &nbsp;&nbsp; 1106962<br> <sup>(b)</sup><br>|
| 3000000 | &nbsp;&nbsp; Bain Capital Credit CLO Ltd., Series 2024-2A, Class A1, (3 mo. USD Term SOFR + 1.52%), <br> 5.78%, due 7/15/2037<br>| &nbsp;&nbsp; 3003068<br> <sup>(b)(d)</sup><br>|
| 2347000 | Barings Equipment Finance LLC, Series 2025-A, Class A3, 4.82%, due 8/13/2032 | &nbsp;&nbsp; 2378468<br> <sup>(b)</sup><br>|
| 934700 | Beacon Container Finance II LLC, Series 2021-1A, Class A, 2.25%, due 10/22/2046 | &nbsp;&nbsp; 854287<br> <sup>(b)</sup><br>|
| 1098000 | Blue Stream Issuer LLC, Series 2024-1A, Class A2, 5.41%, due 11/20/2054 | &nbsp;&nbsp; 1098881<br> <sup>(b)</sup><br>|
|  | Business Jet Securities LLC |  |
| 1574216 | Series 2024-1A, Class A, 6.20%, due 5/15/2039 | &nbsp;&nbsp; 1594489<br> <sup>(b)</sup><br>|
| 290979 | Series 2024-2A, Class A, 5.36%, due 9/15/2039 | &nbsp;&nbsp; 288956<br> <sup>(b)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount | Principal Amount |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
| $4250000 | &nbsp;&nbsp; Canyon Capital CLO Ltd., Series 2022-2A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 5.44%, <br> due 4/15/2038<br>&nbsp;&nbsp; $4213875<br> <sup>(b)(d)</sup><br>|
| 2304095 | Castlelake Aircraft Structured Trust, Series 2025-1A, Class A, 5.78%, due 2/15/2050<br> &nbsp;&nbsp; 2319976<br> <sup>(b)</sup><br>|
|  | Cloud Capital Holdco LP |
| 1249000 | Series 2024-1A, Class A2, 5.78%, due 11/22/2049<br> &nbsp;&nbsp; 1252060<br> <sup>(b)</sup><br>|
| 811000 | Series 2024-2A, Class A2, 5.92%, due 11/22/2049<br> &nbsp;&nbsp; 803095<br> <sup>(b)</sup><br>|
| 2500000 | &nbsp;&nbsp; Clover CLO LLC, Series 2021-2A, Class A, (3 mo. USD Term SOFR + 1.43%), 5.70%, due <br> 7/20/2034<br>&nbsp;&nbsp; 2494949<br> <sup>(b)(d)</sup><br>|
| 1054939 | Crockett Partners Equipment Co. IIA LLC, Series 2024-1C, Class A, 6.05%, due 1/20/2031<br> &nbsp;&nbsp; 1072446<br> <sup>(b)</sup><br>|
|  | CyrusOne Data Centers Issuer I LLC |
| 1094000 | Series 2023-2A, Class A2, 5.56%, due 11/20/2048<br> &nbsp;&nbsp; 1100919<br> <sup>(b)</sup><br>|
| 346000 | Series 2024-1A, Class A2, 4.65%, due 3/22/2049<br> &nbsp;&nbsp; 334965<br> <sup>(b)</sup><br>|
| 1000000 | &nbsp;&nbsp; Eaton Vance CLO Ltd., Series 2013-1A, Class A13R, (3 mo. USD Term SOFR + 1.51%), 5.77%, <br> due 1/15/2034<br>&nbsp;&nbsp; 998999<br> <sup>(b)(d)</sup><br>|
| 1900000 | &nbsp;&nbsp; Elmwood CLO III Ltd., Series 2019-3A, Class A1RR, (3 mo. USD Term SOFR + 1.38%), 5.65%, <br> due 7/18/2037<br>&nbsp;&nbsp; 1900000<br> <sup>(b)(d)</sup><br>|
| 1000000 | &nbsp;&nbsp; Empower CLO Ltd., Series 2022-1A, Class A1R, (3 mo. USD Term SOFR + 1.39%), 5.66%, due <br> 10/20/2037<br>&nbsp;&nbsp; 1000000<br> <sup>(b)(d)</sup><br>|
| 1400420 | Foundation Finance Trust, Series 2024-2A, Class A, 4.60%, due 3/15/2050<br> &nbsp;&nbsp; 1396208<br> <sup>(b)</sup><br>|
| 2275000 | Frontier Issuer LLC, Series 2023-1, Class A2, 6.60%, due 8/20/2053<br> &nbsp;&nbsp; 2310864<br> <sup>(b)</sup><br>|
| 1726000 | GreatAmerica Leasing Receivables Funding LLC, Series 2025-1, Class A3, 4.49%, due 4/16/2029<br> &nbsp;&nbsp; 1735095<br> <sup>(b)</sup><br>|
| 1000000 | &nbsp;&nbsp; HalseyPoint CLO 5 Ltd., Series 2021-5A, Class A1A, (3 mo. USD Term SOFR + 1.47%), 5.75%, <br> due 1/30/2035<br>&nbsp;&nbsp; 997470<br> <sup>(b)(d)</sup><br>|
|  | Hilton Grand Vacations Trust |
| 1146974 | Series 2022-2A, Class A, 4.30%, due 1/25/2037<br> &nbsp;&nbsp; 1140214<br> <sup>(b)</sup><br>|
| 417675 | Series 2024-1B, Class A, 5.75%, due 9/15/2039<br> &nbsp;&nbsp; 427625<br> <sup>(b)</sup><br>|
| 1431000 | Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035<br> &nbsp;&nbsp; 1453853<br> <sup>(b)</sup><br>|
| 1000000 | &nbsp;&nbsp; Katayma CLO II Ltd., Series 2024-2A, Class A1, (3 mo. USD Term SOFR + 1.65%), 5.92%, due <br> 4/20/2037<br>&nbsp;&nbsp; 1001559<br> <sup>(b)(d)</sup><br>|
| 1137000 | Kubota Credit Owner Trust, Series 2024-1A, Class A3, 5.19%, due 7/17/2028<br> &nbsp;&nbsp; 1152498<br> <sup>(b)</sup><br>|
| 1000000 | &nbsp;&nbsp; Magnetite XXIII Ltd., Series 2019-23A, Class AR, (3 mo. USD Term SOFR + 1.39%), 5.67%, due <br> 1/25/2035<br>&nbsp;&nbsp; 998212<br> <sup>(b)(d)</sup><br>|
| 900000 | &nbsp;&nbsp; Magnetite XXIV Ltd., Series 2019-24A, Class AR, (3 mo. USD Term SOFR + 1.31%), 5.57%, due <br> 4/15/2035<br>&nbsp;&nbsp; 897613<br> <sup>(b)(d)</sup><br>|
| 1084000 | MetroNet Infrastructure Issuer LLC, Series 2024-1A, Class A2, 6.23%, due 4/20/2054<br> &nbsp;&nbsp; 1113795<br> <sup>(b)</sup><br>|
| 2237000 | MMAF Equipment Finance LLC, Series 2023-A, Class A3, 5.54%, due 12/13/2029<br> &nbsp;&nbsp; 2278916<br> <sup>(b)</sup><br>|
| 3000000 | &nbsp;&nbsp; Morgan Stanley Eaton Vance CLO Ltd., Series 2025-21A, Class A1, (3 mo. USD Term SOFR + <br> 1.17%), 5.28%, due 4/15/2038<br>&nbsp;&nbsp; 2972469<br> <sup>(b)(d)</sup><br>|
|  | MVW LLC |
| 462680 | Series 2021-2A, Class A, 1.43%, due 5/20/2039<br> &nbsp;&nbsp; 435461<br> <sup>(b)</sup><br>|
| 470381 | Series 2021-2A, Class B, 1.83%, due 5/20/2039<br> &nbsp;&nbsp; 441564<br> <sup>(b)</sup><br>|
| 281820 | Series 2023-1A, Class A, 4.93%, due 10/20/2040<br> &nbsp;&nbsp; 283601<br> <sup>(b)</sup><br>|
| 1641876 | Series 2024-2A, Class A, 4.43%, due 3/20/2042<br> &nbsp;&nbsp; 1624258<br> <sup>(b)</sup><br>|
| 757000 | Series 2025-1A, Class B, 5.21%, due 9/22/2042<br> &nbsp;&nbsp; 760062<br> <sup>(b)(f)</sup><br>|
| 616000 | Series 2025-1A, Class C, 5.75%, due 9/22/2042<br> &nbsp;&nbsp; 620861<br> <sup>(b)(f)</sup><br>|
| 1178463 | Series 2024-1A, Class A, 5.32%, due 2/20/2043<br> &nbsp;&nbsp; 1200666<br> <sup>(b)</sup><br>|
| 2415000 | &nbsp;&nbsp; OHA Credit Partners XVII Ltd., Series 2024-17A, Class A, (3 mo. USD Term SOFR + 1.32%), <br> 5.72%, due 1/18/2038<br>&nbsp;&nbsp; 2415000<br> <sup>(b)(d)</sup><br>|
|  | OneMain Financial Issuance Trust |
| 2440000 | Series 2020-2A, Class A, 1.75%, due 9/14/2035<br> &nbsp;&nbsp; 2366577<br> <sup>(b)</sup><br>|
| 1616000 | Series 2023-2A, Class A1, 5.84%, due 9/15/2036<br> &nbsp;&nbsp; 1648867<br> <sup>(b)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
| $| 1796035 | OWN Equipment Fund I LLC, Series 2024-2M, Class A, 5.70%, due 12/20/2032 | &nbsp;&nbsp; $1816577<br> <sup>(b)</sup><br>|
|  |  | PFS Financing Corp. |  |
|  | 681000 | Series 2024-D, Class A, 5.34%, due 4/15/2029 | &nbsp;&nbsp; 693597<br> <sup>(b)</sup><br>|
|  | 2135000 | Series 2025-B, Class A, 4.85%, due 2/15/2030 | &nbsp;&nbsp; 2159776<br> <sup>(b)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; PPM CLO 3 Ltd., Series 2019-3A, Class AR, (3 mo. USD Term SOFR + 1.35%), 5.63%, due <br> 4/17/2034<br>| &nbsp;&nbsp; 997276<br> <sup>(b)(d)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; Rad CLO 6 Ltd., Series 2019-6A, Class A1R, (3 mo. USD Term SOFR + 1.39%), 5.66%, due <br> 10/20/2037<br>| &nbsp;&nbsp; 1000000<br> <sup>(b)(d)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1, (3 mo. USD Term SOFR + 1.55%), 5.83%, <br> due 4/25/2037<br>| &nbsp;&nbsp; 1001068<br> <sup>(b)(d)</sup><br>|
|  |  | SBA Tower Trust |  |
|  | 719000 | 1.88%, due 7/15/2050 | &nbsp;&nbsp; 703720<br> <sup>(b)</sup><br>|
|  | 201000 | 2.33%, due 7/15/2052 | &nbsp;&nbsp; 187937<br> <sup>(b)</sup><br>|
|  |  | Sierra Timeshare Receivables Funding LLC |  |
|  | 202481 | Series 2020-2A, Class A, 1.33%, due 7/20/2037 | &nbsp;&nbsp; 201411<br> <sup>(b)</sup><br>|
|  | 183786 | Series 2020-2A, Class C, 3.51%, due 7/20/2037 | &nbsp;&nbsp; 183160<br> <sup>(b)</sup><br>|
|  | 289241 | Series 2022-1A, Class A, 3.05%, due 10/20/2038 | &nbsp;&nbsp; 284092<br> <sup>(b)</sup><br>|
|  | 699193 | Series 2022-1A, Class B, 3.55%, due 10/20/2038 | &nbsp;&nbsp; 687957<br> <sup>(b)</sup><br>|
|  | 597414 | Series 2023-2A, Class A, 5.80%, due 4/20/2040 | &nbsp;&nbsp; 610733<br> <sup>(b)</sup><br>|
|  | 458743 | Series 2023-3A, Class A, 6.10%, due 9/20/2040 | &nbsp;&nbsp; 473089<br> <sup>(b)</sup><br>|
|  | 961143 | Series 2024-2A, Class B, 5.29%, due 6/20/2041 | &nbsp;&nbsp; 971170<br> <sup>(b)</sup><br>|
|  | 871103 | Series 2024-1A, Class A, 5.15%, due 1/20/2043 | &nbsp;&nbsp; 881719<br> <sup>(b)</sup><br>|
|  | 4500000 | &nbsp;&nbsp; Sixth Street CLO XVII Ltd., Series 2021-17A, Class A1R, (3 mo. USD Term SOFR + 1.15%), 5.43%, <br> due 4/17/2038<br>| &nbsp;&nbsp; 4477500<br> <sup>(b)(d)</sup><br>|
|  | 1435000 | Sotheby's Artfi Master Trust, Series 2024-1A, Class A1, 6.43%, due 12/22/2031 | &nbsp;&nbsp; 1448672<br> <sup>(b)</sup><br>|
|  | 2254000 | Stack Infrastructure Issuer LLC, Series 2023-3A, Class A2, 5.90%, due 10/25/2048 | &nbsp;&nbsp; 2279519<br> <sup>(b)</sup><br>|
|  | 1253700 | Subway Funding LLC, Series 2024-1A, Class A2I, 6.03%, due 7/30/2054 | &nbsp;&nbsp; 1267973<br> <sup>(b)</sup><br>|
|  |  | Taco Bell Funding LLC |  |
|  | 1116563 | Series 2016-1A, Class A23, 4.97%, due 5/25/2046 | &nbsp;&nbsp; 1116291<br> <sup>(b)</sup><br>|
|  | 643538 | Series 2021-1A, Class A2I, 1.95%, due 8/25/2051 | &nbsp;&nbsp; 610103<br> <sup>(b)</sup><br>|
|  | 599697 | &nbsp;&nbsp; TCI-Flatiron CLO Ltd., Series 2018-1A, Class ANR, (3 mo. USD Term SOFR + 1.32%), 5.60%, due <br> 1/29/2032<br>| &nbsp;&nbsp; 599601<br> <sup>(b)(d)</sup><br>|
|  | 500000 | &nbsp;&nbsp; Thayer Park CLO Ltd., Series 2017-1A, Class A1R, (3 mo. USD Term SOFR + 1.30%), 5.57%, due <br> 4/20/2034<br>| &nbsp;&nbsp; 499761<br> <sup>(b)(d)</sup><br>|
|  | 1653000 | Trafigura Securitisation Finance PLC, Series 2024-1A, Class A2, 5.98%, due 11/15/2027 | &nbsp;&nbsp; 1686928<br> <sup>(b)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; Trestles CLO V Ltd., Series 2021-5A, Class A1R, (3 mo. USD Term SOFR + 1.25%), 5.52%, due <br> 10/20/2034<br>| &nbsp;&nbsp; 992385<br> <sup>(b)(d)</sup><br>|
|  | 4100000 | &nbsp;&nbsp; Trestles CLO VI Ltd., Series 2023-6A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 5.45%, due <br> 4/25/2038<br>| &nbsp;&nbsp; 4064178<br> <sup>(b)(d)</sup><br>|
|  | 2000000 | &nbsp;&nbsp; Trestles CLO VII Ltd., Series 2024-7A, Class A1, (3 mo. USD Term SOFR + 1.38%), 5.66%, due <br> 10/25/2037<br>| &nbsp;&nbsp; 1999880<br> <sup>(b)(d)</sup><br>|
|  | 2427000 | Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class A2, 5.88%, due 4/20/2055 | &nbsp;&nbsp; 2477208<br> <sup>(b)</sup><br>|
|  | 1554390 | Volofin Finance DAC, Series 2024-1A, Class A, 5.94%, due 6/15/2037 | &nbsp;&nbsp; 1565708<br> <sup>(b)</sup><br>|
|  |  | Ziply Fiber Issuer LLC |  |
|  | 1068000 | Series 2024-1A, Class A2, 6.64%, due 4/20/2054 | &nbsp;&nbsp; 1094370<br> <sup>(b)</sup><br>|
|  | 496000 | Series 2024-1A, Class B, 7.81%, due 4/20/2054 | &nbsp;&nbsp; 515923<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **104359772** |
| **Student Loan 0.5%** | **Student Loan 0.5%** | **Student Loan 0.5%** | **Student Loan 0.5%** |
|  | 1413360 | ELFI Graduate Loan Program LLC, Series 2024-A, Class A, 5.56%, due 8/25/2049 | &nbsp;&nbsp; 1436487<br> <sup>(b)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Student Loan – cont'd** | **Student Loan – cont'd** | **Student Loan – cont'd** |
|  | Navient Private Education Refi Loan Trust |  |
| 335326 | Series 2021-BA, Class A, 0.94%, due 7/15/2069 | &nbsp;&nbsp; $306297<br> <sup>(b)</sup><br>|
| 420296 | Series 2021-CA, Class A, 1.06%, due 10/15/2069 | &nbsp;&nbsp; 377624<br> <sup>(b)</sup><br>|
| 1256359 | Series 2021-EA, Class A, 0.97%, due 12/16/2069 | &nbsp;&nbsp; 1106196<br> <sup>(b)</sup><br>|
| 764873 | Series 2021-GA, Class A, 1.58%, due 4/15/2070 | &nbsp;&nbsp; 687587<br> <sup>(b)</sup><br>|
| 1790725 | Series 2024-A, Class A, 5.66%, due 10/15/2072 | &nbsp;&nbsp; 1827369<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **5741560** |
| **Telecommunications 0.1%** | **Telecommunications 0.1%** | **Telecommunications 0.1%** |
| 634000 | Crown Castle Towers LLC, 4.24%, due 7/15/2048 | &nbsp;&nbsp; **622576**<br> <sup>(b)</sup><br>|
| **Total Asset-Backed Securities (Cost $131,963,102)** | **Total Asset-Backed Securities (Cost $131,963,102)** | &nbsp;&nbsp; **132333179** |
| **Corporate Bonds 31.7%** | **Corporate Bonds 31.7%** | **Corporate Bonds 31.7%** |
| **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** | **Aerospace & Defense 1.3%** |
|  | Boeing Co. |  |
| 4199000 | 5.04%, due 5/1/2027 | &nbsp;&nbsp; 4227200 |
| 7899000 | 5.81%, due 5/1/2050 | &nbsp;&nbsp; 7403835 |
| 1900000 | General Dynamics Corp., 4.95%, due 8/15/2035 | &nbsp;&nbsp; 1906288<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **13537323** |
| **Agriculture 0.3%** | **Agriculture 0.3%** | **Agriculture 0.3%** |
| 2440000 | Imperial Brands Finance PLC, 5.50%, due 2/1/2030 | &nbsp;&nbsp; 2507466<br> <sup>(b)</sup><br>|
| 840000 | JBS USA LUX SARL/JBS USA Food Co./JBS USA Foods Group, 5.95%, due 4/20/2035 | &nbsp;&nbsp; 864426<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **3371892** |
| **Airlines 0.2%** | **Airlines 0.2%** | **Airlines 0.2%** |
| 1784756 | United Airlines Pass-Through Trust, 5.88%, due 4/15/2029 | &nbsp;&nbsp; **1816819** |
| **Apparel 0.2%** | **Apparel 0.2%** | **Apparel 0.2%** |
| 1900000 | Tapestry, Inc., 5.50%, due 3/11/2035 | &nbsp;&nbsp; **1850434** |
| **Auto Manufacturers 1.1%** | **Auto Manufacturers 1.1%** | **Auto Manufacturers 1.1%** |
| 8135000 | Ford Motor Credit Co. LLC, 6.50%, due 2/7/2035 | &nbsp;&nbsp; 7873230 |
| 2905000 | General Motors Co., 6.80%, due 10/1/2027 | &nbsp;&nbsp; 3018559 |
|  |  | &nbsp;&nbsp; **10891789** |
| **Banks 7.4%** | **Banks 7.4%** | **Banks 7.4%** |
| 4000000 | Banco Santander SA, 6.92%, due 8/8/2033 | &nbsp;&nbsp; 4253278 |
| 8275000 | Bank of America Corp., 5.51%, due 1/24/2036 | &nbsp;&nbsp; 8387597<br> <sup>(h)</sup><br>|
| 2375000 | Barclays PLC, 7.12%, due 6/27/2034 | &nbsp;&nbsp; 2543682<br> <sup>(h)</sup><br>|
|  | BPCE SA |  |
| 6070000 | 5.94%, due 5/30/2035 | &nbsp;&nbsp; 6138551<br> <sup>(b)(h)</sup><br>|
| 1330000 | 6.92%, due 1/14/2046 | &nbsp;&nbsp; 1351947<br> <sup>(b)(h)</sup><br>|
|  | Citigroup, Inc. |  |
| 1760000 | 3.89%, due 1/10/2028 | &nbsp;&nbsp; 1741533<br> <sup>(h)</sup><br>|
| 3635000 | 6.02%, due 1/24/2036 | &nbsp;&nbsp; 3645009<br> <sup>(h)</sup><br>|
| 10940000 | Goldman Sachs Group, Inc., 5.54%, due 1/28/2036 | &nbsp;&nbsp; 11047942<br> <sup>(h)</sup><br>|
| 1345000 | HSBC Holdings PLC, 6.00%, due 5/22/2027 | &nbsp;&nbsp; 1327698<br> <sup>(h)(i)</sup><br>|
|  | JPMorgan Chase & Co. |  |
| 7995000 | 5.50%, due 1/24/2036 | &nbsp;&nbsp; 8134643<br> <sup>(h)</sup><br>|
| 6635000 | 5.57%, due 4/22/2036 | &nbsp;&nbsp; 6786454<br> <sup>(h)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** |
| $| 3005000 | Kreditanstalt fuer Wiederaufbau, 3.75%, due 7/15/2030 | &nbsp;&nbsp; $3000569<br> <sup>(f)</sup><br>|
|  | 3495000 | Lloyds Banking Group PLC, 5.59%, due 11/26/2035 | &nbsp;&nbsp; 3499333<br> <sup>(h)</sup><br>|
|  |  | Morgan Stanley |  |
|  | 2200000 | 3.63%, due 1/20/2027 | &nbsp;&nbsp; 2179625 |
|  | 1175000 | 5.42%, due 7/21/2034 | &nbsp;&nbsp; 1187360<br> <sup>(h)</sup><br>|
|  | 1560000 | 5.83%, due 4/19/2035 | &nbsp;&nbsp; 1610763<br> <sup>(h)</sup><br>|
|  | 1955000 | PNC Financial Services Group, Inc., 5.58%, due 1/29/2036 | &nbsp;&nbsp; 1978835<br> <sup>(h)</sup><br>|
|  | 665000 | Santander Holdings USA, Inc., 6.12%, due 5/31/2027 | &nbsp;&nbsp; 672230<br> <sup>(h)</sup><br>|
|  | 3745000 | Societe Generale SA, 1.49%, due 12/14/2026 | &nbsp;&nbsp; 3666106<br> <sup>(b)(h)</sup><br>|
|  | 1265000 | UBS AG, 5.65%, due 9/11/2028 | &nbsp;&nbsp; 1315016 |
|  | 2615000 | Wells Fargo & Co., 5.50%, due 1/23/2035 | &nbsp;&nbsp; 2635123<br> <sup>(h)</sup><br>|
|  |  |  | &nbsp;&nbsp; **77103294** |
| **Biotechnology 0.4%** | **Biotechnology 0.4%** | **Biotechnology 0.4%** | **Biotechnology 0.4%** |
|  |  | Gilead Sciences, Inc. |  |
|  | 2365000 | 4.75%, due 3/1/2046 | &nbsp;&nbsp; 2081392 |
|  | 2030000 | 5.50%, due 11/15/2054 | &nbsp;&nbsp; 1966132 |
|  |  |  | &nbsp;&nbsp; **4047524** |
| **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** |
|  |  | Holcim Finance U.S. LLC |  |
|  | 1080000 | 4.95%, due 4/7/2030 | &nbsp;&nbsp; 1091211<br> <sup>(b)</sup><br>|
|  | 1560000 | 5.40%, due 4/7/2035 | &nbsp;&nbsp; 1559218<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2650429** |
| **Commercial Services 0.1%** | **Commercial Services 0.1%** | **Commercial Services 0.1%** | **Commercial Services 0.1%** |
|  | 865000 | Rollins, Inc., 5.25%, due 2/24/2035 | &nbsp;&nbsp; **862954**<br> <sup>(b)</sup><br>|
| **Computers 0.8%** | **Computers 0.8%** | **Computers 0.8%** | **Computers 0.8%** |
|  | 1665000 | Booz Allen Hamilton, Inc., 5.95%, due 4/15/2035 | &nbsp;&nbsp; 1654433 |
|  | 3865000 | Dell International LLC/EMC Corp., 4.85%, due 2/1/2035 | &nbsp;&nbsp; 3644738 |
|  |  | Leidos, Inc. |  |
|  | 1440000 | 5.40%, due 3/15/2032 | &nbsp;&nbsp; 1450546 |
|  | 1840000 | 5.50%, due 3/15/2035 | &nbsp;&nbsp; 1831310 |
|  |  |  | &nbsp;&nbsp; **8581027** |
| **Cosmetics - Personal Care 0.1%** | **Cosmetics - Personal Care 0.1%** | **Cosmetics - Personal Care 0.1%** | **Cosmetics - Personal Care 0.1%** |
|  | 880000 | Haleon U.S. Capital LLC, 3.63%, due 3/24/2032 | &nbsp;&nbsp; **816671** |
| **Diversified Financial Services 0.7%** | **Diversified Financial Services 0.7%** | **Diversified Financial Services 0.7%** | **Diversified Financial Services 0.7%** |
|  |  | Capital One Financial Corp. |  |
|  | 2335000 | 5.88%, due 7/26/2035 | &nbsp;&nbsp; 2362860<br> <sup>(h)</sup><br>|
|  | 5210000 | 6.18%, due 1/30/2036 | &nbsp;&nbsp; 5145118<br> <sup>(h)</sup><br>|
|  |  |  | &nbsp;&nbsp; **7507978** |
| **Electric 2.5%** | **Electric 2.5%** | **Electric 2.5%** | **Electric 2.5%** |
|  | 2285000 | Ameren Corp., 5.38%, due 3/15/2035 | &nbsp;&nbsp; 2281597 |
|  | 1155000 | Ameren Illinois Co., 5.63%, due 3/1/2055 | &nbsp;&nbsp; 1134658 |
|  | 1255000 | Dominion Energy, Inc., 5.00%, due 6/15/2030 | &nbsp;&nbsp; 1268561 |
|  | 700000 | Jersey Central Power & Light Co., 5.10%, due 1/15/2035 | &nbsp;&nbsp; 689905<br> <sup>(b)</sup><br>|
|  | 1790000 | National Grid PLC, 5.42%, due 1/11/2034 | &nbsp;&nbsp; 1810650 |
|  |  | NextEra Energy Capital Holdings, Inc. |  |
|  | 1450000 | 4.90%, due 2/28/2028 | &nbsp;&nbsp; 1470004 |
|  | 2015000 | 5.45%, due 3/15/2035 | &nbsp;&nbsp; 2029466 |

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Electric – cont'd** | **Electric – cont'd** | **Electric – cont'd** | **Electric – cont'd** |
| $| 2371000 | NYSEG Storm Funding LLC, 4.71%, due 5/1/2029 | &nbsp;&nbsp; $2386452 |
|  |  | Pacific Gas & Electric Co. |  |
|  | 1325000 | 6.40%, due 6/15/2033 | &nbsp;&nbsp; 1370017 |
|  | 1740000 | 6.95%, due 3/15/2034 | &nbsp;&nbsp; 1865983 |
|  | 1125000 | 5.70%, due 3/1/2035 | &nbsp;&nbsp; 1109447 |
|  | 2700000 | 4.95%, due 7/1/2050 | &nbsp;&nbsp; 2174923 |
|  | 3068000 | Public Service Co. of Oklahoma, 5.20%, due 1/15/2035 | &nbsp;&nbsp; 3018017 |
|  | 795000 | Public Service Enterprise Group, Inc., 4.90%, due 3/15/2030 | &nbsp;&nbsp; 802561 |
|  | 2195000 | San Diego Gas & Electric Co., 5.40%, due 4/15/2035 | &nbsp;&nbsp; 2215308 |
|  | 695000 | Southern California Edison Co., 2.50%, due 6/1/2031 | &nbsp;&nbsp; 602063 |
|  |  |  | &nbsp;&nbsp; **26229612** |
| **Entertainment 1.4%** | **Entertainment 1.4%** | **Entertainment 1.4%** | **Entertainment 1.4%** |
|  |  | Warnermedia Holdings, Inc. |  |
|  | 18268000 | 5.05%, due 3/15/2042 | &nbsp;&nbsp; 13769750 |
|  | 1810000 | 5.14%, due 3/15/2052 | &nbsp;&nbsp; 1237429 |
|  |  |  | &nbsp;&nbsp; **15007179** |
| **Food 0.5%** | **Food 0.5%** | **Food 0.5%** | **Food 0.5%** |
|  | 1345000 | Campbell's Co., 4.75%, due 3/23/2035 | &nbsp;&nbsp; 1287798 |
|  | 3365000 | JBS USA LUX SARL/JBS USA Food Co./JBS USA Foods Group, 6.38%, due 2/25/2055 | &nbsp;&nbsp; 3418739<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4706537** |
| **Gas 0.2%** | **Gas 0.2%** | **Gas 0.2%** | **Gas 0.2%** |
|  | 1835000 | Southern Co. Gas Capital Corp., 1.75%, due 1/15/2031 | &nbsp;&nbsp; **1561071** |
| **Healthcare - Products 0.0%**<sup>‡</sup> | **Healthcare - Products 0.0%**<sup>‡</sup> | **Healthcare - Products 0.0%**<sup>‡</sup> | **Healthcare - Products 0.0%**<sup>‡</sup> |
|  | 475000 | GE HealthCare Technologies, Inc., 4.80%, due 8/14/2029 | &nbsp;&nbsp; **478422** |
| **Healthcare - Services 0.8%** | **Healthcare - Services 0.8%** | **Healthcare - Services 0.8%** | **Healthcare - Services 0.8%** |
|  |  | HCA, Inc. |  |
|  | 965000 | 5.45%, due 4/1/2031 | &nbsp;&nbsp; 983473 |
|  | 4300000 | 3.50%, due 7/15/2051 | &nbsp;&nbsp; 2779136 |
|  |  | UnitedHealth Group, Inc. |  |
|  | 2625000 | 4.50%, due 4/15/2033 | &nbsp;&nbsp; 2539685 |
|  | 2450000 | 5.63%, due 7/15/2054 | &nbsp;&nbsp; 2356066 |
|  |  |  | &nbsp;&nbsp; **8658360** |
| **Insurance 0.3%** | **Insurance 0.3%** | **Insurance 0.3%** | **Insurance 0.3%** |
|  |  | Arthur J Gallagher & Co. |  |
|  | 335000 | 4.85%, due 12/15/2029 | &nbsp;&nbsp; 339146 |
|  | 2255000 | 5.15%, due 2/15/2035 | &nbsp;&nbsp; 2237809 |
|  | 835000 | 5.55%, due 2/15/2055 | &nbsp;&nbsp; 786534 |
|  |  |  | &nbsp;&nbsp; **3363489** |
| **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** | **Internet 0.5%** |
|  |  | Alphabet, Inc. |  |
|  | 2510000 | 5.25%, due 5/15/2055 | &nbsp;&nbsp; 2477410<br> <sup>(f)</sup><br>|
|  | 725000 | 5.30%, due 5/15/2065 | &nbsp;&nbsp; 716282<br> <sup>(f)</sup><br>|
|  | 1205000 | Meta Platforms, Inc., 5.55%, due 8/15/2064 | &nbsp;&nbsp; 1159144 |
|  | 610000 | Uber Technologies, Inc., 5.35%, due 9/15/2054 | &nbsp;&nbsp; 558682 |
|  |  |  | &nbsp;&nbsp; **4911518** |
| **Investment Companies 0.1%** | **Investment Companies 0.1%** | **Investment Companies 0.1%** | **Investment Companies 0.1%** |
|  | 1510000 | Blackstone Private Credit Fund, 6.00%, due 1/29/2032 | &nbsp;&nbsp; **1497414** |

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Machinery - Diversified 0.1%** | **Machinery - Diversified 0.1%** | **Machinery - Diversified 0.1%** |
| $805000 | Otis Worldwide Corp., 5.13%, due 11/19/2031 | &nbsp;&nbsp; **$818947** |
| **Media 0.3%** | **Media 0.3%** | **Media 0.3%** |
|  | Charter Communications Operating LLC/Charter Communications Operating Capital |  |
| 2045000 | 4.80%, due 3/1/2050 | &nbsp;&nbsp; 1523268 |
| 2800000 | 3.90%, due 6/1/2052 | &nbsp;&nbsp; 1773446 |
|  |  | &nbsp;&nbsp; **3296714** |
| **Multi-National 2.5%** | **Multi-National 2.5%** | **Multi-National 2.5%** |
| 2120000 | Asian Development Bank, 4.38%, due 3/22/2035 | &nbsp;&nbsp; 2143506 |
| 2175000 | Corp. Andina de Fomento, 5.00%, due 1/22/2030 | &nbsp;&nbsp; 2248387 |
| 1375000 | European Investment Bank, 4.63%, due 2/12/2035 | &nbsp;&nbsp; 1420767 |
| 4580000 | Inter-American Development Bank, 3.75%, due 6/14/2030 | &nbsp;&nbsp; 4570836<br> <sup>(f)</sup><br>|
| 5290000 | Inter-American Investment Corp., 4.25%, due 4/1/2030 | &nbsp;&nbsp; 5370430 |
| 3385000 | International Bank for Reconstruction & Development, 4.00%, due 5/6/2032 | &nbsp;&nbsp; 3379370<br> <sup>(f)</sup><br>|
| 6555000 | Nordic Investment Bank, 3.75%, due 5/9/2030 | &nbsp;&nbsp; 6545925<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **25679221** |
| **Office - Business Equipment 0.1%** | **Office - Business Equipment 0.1%** | **Office - Business Equipment 0.1%** |
| 763000 | CDW LLC/CDW Finance Corp., 2.67%, due 12/1/2026 | &nbsp;&nbsp; **737713** |
| **Oil & Gas 1.7%** | **Oil & Gas 1.7%** | **Oil & Gas 1.7%** |
| 870000 | Chevron USA, Inc., 4.69%, due 4/15/2030 | &nbsp;&nbsp; 885555 |
| 2305000 | ConocoPhillips Co., 5.50%, due 1/15/2055 | &nbsp;&nbsp; 2136299 |
|  | Diamondback Energy, Inc. |  |
| 890000 | 5.20%, due 4/18/2027 | &nbsp;&nbsp; 902512 |
| 3705000 | 5.55%, due 4/1/2035 | &nbsp;&nbsp; 3641494 |
| 760000 | 5.75%, due 4/18/2054 | &nbsp;&nbsp; 679100 |
| 3305000 | EOG Resources, Inc., 5.65%, due 12/1/2054 | &nbsp;&nbsp; 3134074 |
| 2240000 | Marathon Petroleum Corp., 4.70%, due 5/1/2025 | &nbsp;&nbsp; 2240000 |
| 910000 | Occidental Petroleum Corp., 6.05%, due 10/1/2054 | &nbsp;&nbsp; 785052 |
| 3025000 | Phillips 66, 1.30%, due 2/15/2026 | &nbsp;&nbsp; 2946137 |
|  |  | &nbsp;&nbsp; **17350223** |
| **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** | **Pharmaceuticals 1.6%** |
|  | AbbVie, Inc. |  |
| 1570000 | 4.95%, due 3/15/2031 | &nbsp;&nbsp; 1606582 |
| 742000 | 4.05%, due 11/21/2039 | &nbsp;&nbsp; 642796 |
|  | CVS Health Corp. |  |
| 1980000 | 3.00%, due 8/15/2026 | &nbsp;&nbsp; 1942029 |
| 7970000 | 5.05%, due 3/25/2048 | &nbsp;&nbsp; 6773591 |
| 402000 | 5.63%, due 2/21/2053 | &nbsp;&nbsp; 364554 |
| 700000 | 7.00%, due 3/10/2055 | &nbsp;&nbsp; 708084<br> <sup>(h)</sup><br>|
|  | Eli Lilly & Co. |  |
| 2955000 | 4.90%, due 2/12/2032 | &nbsp;&nbsp; 3032590 |
| 1175000 | 5.50%, due 2/12/2055 | &nbsp;&nbsp; 1178065 |
|  |  | &nbsp;&nbsp; **16248291** |
| **Pipelines 0.8%** | **Pipelines 0.8%** | **Pipelines 0.8%** |
|  | Enbridge, Inc. |  |
| 255000 | 5.30%, due 4/5/2029 | &nbsp;&nbsp; 261114 |
| 1670000 | 5.63%, due 4/5/2034 | &nbsp;&nbsp; 1689438 |
|  | Energy Transfer LP |  |
| 750000 | 6.13%, due 12/15/2045 | &nbsp;&nbsp; 709195 |

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** |
| $| 545000 | 5.00%, due 5/15/2050 | &nbsp;&nbsp; $435370 |
|  | 3215000 | 5.95%, due 5/15/2054 | &nbsp;&nbsp; 2922782 |
|  | 1370000 | 6.20%, due 4/1/2055 | &nbsp;&nbsp; 1285400 |
|  |  | Kinder Morgan, Inc. |  |
|  | 490000 | 5.15%, due 6/1/2030 | &nbsp;&nbsp; 494681<br> <sup>(f)</sup><br>|
|  | 590000 | 5.85%, due 6/1/2035 | &nbsp;&nbsp; 597365<br> <sup>(f)</sup><br>|
|  |  |  | &nbsp;&nbsp; **8395345** |
| **Retail 0.4%** | **Retail 0.4%** | **Retail 0.4%** | **Retail 0.4%** |
|  | 4085000 | Walmart, Inc., 4.90%, due 4/28/2035 | &nbsp;&nbsp; **4137905** |
| **Semiconductors 2.5%** | **Semiconductors 2.5%** | **Semiconductors 2.5%** | **Semiconductors 2.5%** |
|  |  | Broadcom, Inc. |  |
|  | 1815000 | 5.05%, due 7/12/2029 | &nbsp;&nbsp; 1850534 |
|  | 2155000 | 5.15%, due 11/15/2031 | &nbsp;&nbsp; 2196755 |
|  |  | Foundry JV Holdco LLC |  |
|  | 3165000 | 5.50%, due 1/25/2031 | &nbsp;&nbsp; 3205083<br> <sup>(b)</sup><br>|
|  | 6140000 | 6.25%, due 1/25/2035 | &nbsp;&nbsp; 6348282<br> <sup>(b)</sup><br>|
|  | 2555000 | 6.10%, due 1/25/2036 | &nbsp;&nbsp; 2603167<br> <sup>(b)</sup><br>|
|  |  | Intel Corp. |  |
|  | 600000 | 3.25%, due 11/15/2049 | &nbsp;&nbsp; 366504 |
|  | 5060000 | 4.75%, due 3/25/2050 | &nbsp;&nbsp; 3969666 |
|  | 1003000 | 4.90%, due 8/5/2052 | &nbsp;&nbsp; 798303 |
|  | 520000 | 5.90%, due 2/10/2063 | &nbsp;&nbsp; 469402 |
|  |  | Micron Technology, Inc. |  |
|  | 690000 | 5.65%, due 11/1/2032 | &nbsp;&nbsp; 698911 |
|  | 2950000 | 6.05%, due 11/1/2035 | &nbsp;&nbsp; 2991041 |
|  |  |  | &nbsp;&nbsp; **25497648** |
| **Software 1.5%** | **Software 1.5%** | **Software 1.5%** | **Software 1.5%** |
|  |  | AppLovin Corp. |  |
|  | 5085000 | 5.13%, due 12/1/2029 | &nbsp;&nbsp; 5126758 |
|  | 1855000 | 5.38%, due 12/1/2031 | &nbsp;&nbsp; 1871972 |
|  | 3075000 | 5.50%, due 12/1/2034 | &nbsp;&nbsp; 3071938 |
|  | 890000 | 5.95%, due 12/1/2054 | &nbsp;&nbsp; 849893 |
|  |  | Oracle Corp. |  |
|  | 745000 | 5.50%, due 8/3/2035 | &nbsp;&nbsp; 748068 |
|  | 1775000 | 3.60%, due 4/1/2050 | &nbsp;&nbsp; 1207337 |
|  | 1200000 | 6.00%, due 8/3/2055 | &nbsp;&nbsp; 1167252 |
|  | 2015000 | Synopsys, Inc., 5.70%, due 4/1/2055 | &nbsp;&nbsp; 1947616 |
|  |  |  | &nbsp;&nbsp; **15990834** |
| **Telecommunications 1.0%** | **Telecommunications 1.0%** | **Telecommunications 1.0%** | **Telecommunications 1.0%** |
|  |  | AT&T, Inc. |  |
|  | 1505000 | 3.65%, due 6/1/2051 | &nbsp;&nbsp; 1052969 |
|  | 2895000 | 3.50%, due 9/15/2053 | &nbsp;&nbsp; 1937701 |
|  | 1310000 | 3.80%, due 12/1/2057 | &nbsp;&nbsp; 901752 |
|  | 910000 | 3.85%, due 6/1/2060 | &nbsp;&nbsp; 619568 |
|  | 2690000 | T-Mobile USA, Inc., 3.38%, due 4/15/2029 | &nbsp;&nbsp; 2561290 |
|  |  | Verizon Communications, Inc. |  |
|  | 1690000 | 5.05%, due 5/9/2033 | &nbsp;&nbsp; 1703988 |
|  | 1360000 | 4.86%, due 8/21/2046 | &nbsp;&nbsp; 1197519 |

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** |
| 620000 | 5.50%, due 2/23/2054 | &nbsp;&nbsp; $594736 |
|  |  | &nbsp;&nbsp; **10569523** |
| **Total Corporate Bonds (Cost $328,944,057)** | **Total Corporate Bonds (Cost $328,944,057)** | &nbsp;&nbsp; **328174100** |
| **Foreign Government Securities 2.2%** | **Foreign Government Securities 2.2%** | **Foreign Government Securities 2.2%** |
| 3565000 | Chile Government International Bonds, 5.65%, due 1/13/2037 | &nbsp;&nbsp; 3644896 |
|  | Mexico Government International Bonds |  |
| 830000 | 6.00%, due 5/13/2030 | &nbsp;&nbsp; 850816 |
| 2011000 | 6.00%, due 5/7/2036 | &nbsp;&nbsp; 1915413 |
| 620000 | 6.88%, due 5/13/2037 | &nbsp;&nbsp; 626002 |
| 790000 | 7.38%, due 5/13/2055 | &nbsp;&nbsp; 782005 |
| 1000000 | Province of Alberta, 4.50%, due 1/24/2034 | &nbsp;&nbsp; 996716 |
| 1320000 | Province of British Columbia, 4.75%, due 6/12/2034 | &nbsp;&nbsp; 1334829 |
| 1195000 | Province of Manitoba, 4.90%, due 5/31/2034 | &nbsp;&nbsp; 1222319 |
|  | Province of Ontario |  |
| 2120000 | 4.70%, due 1/15/2030 | &nbsp;&nbsp; 2184618 |
| 1815000 | 5.05%, due 4/24/2034 | &nbsp;&nbsp; 1877967 |
|  | Province of Quebec |  |
| 1610000 | 4.50%, due 4/3/2029 | &nbsp;&nbsp; 1646429 |
| 1740000 | 4.25%, due 9/5/2034 | &nbsp;&nbsp; 1696280 |
| 4145000 | Province of Saskatchewan, 4.65%, due 1/28/2030 | &nbsp;&nbsp; 4263209 |
| **Total Foreign Government Securities (Cost $22,759,137)** | **Total Foreign Government Securities (Cost $22,759,137)** | &nbsp;&nbsp; **23041499** |
| Number of Shares | Number of Shares |  |
| **Short-Term Investments 2.7%** | **Short-Term Investments 2.7%** | **Short-Term Investments 2.7%** |
| **Investment Companies 2.7%** | **Investment Companies 2.7%** | **Investment Companies 2.7%** |
| 28450813 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, <br> 4.29%<sup>(j)</sup> **(Cost $28,450,813)**<br>| &nbsp;&nbsp; **28450813** |
| **Total Investments 102.1% (Cost $1,072,723,948)** | **Total Investments 102.1% (Cost $1,072,723,948)** | &nbsp;&nbsp; **1057281220** |
| Liabilities Less Other Assets (2.1)% | Liabilities Less Other Assets (2.1)% | &nbsp;&nbsp; (22229789)<sup>(k)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$1035051431** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Principal only security. This security entitles the holder to receive principal payments
 from an underlying pool of assets or on the security itself.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $232,082,270, which represents 22.4% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security where the stated interest rate is not based on
 a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current
 interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current
 rate as of April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable or floating rate security. The interest rate shown was the current rate as
 of April 30, 2025 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Interest only security. These securities represent the right to receive the monthly
 interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of
 the "interest only" holding.

&nbsp;&nbsp;&nbsp;&nbsp;(f) When-issued security. Total value of all such securities at April 30, 2025 amounted
 to $25,398,405, which represents 2.5% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(g) All or a portion of this security was purchased on a delayed delivery basis.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Represents 7-day effective yield as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Includes the impact of the Fund's open positions in derivatives at April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| **Percentage of** <br>**Net Assets**<br>|
| United States | &nbsp;&nbsp; $898932824 | 86.8<br> %<br>|
| Cayman Islands | &nbsp;&nbsp; 33690448 | 3.3<br> %<br>|
| Supranational | &nbsp;&nbsp; 25679221 | 2.5<br> %<br>|
| Canada | &nbsp;&nbsp; 17172919 | 1.7<br> %<br>|
| United Kingdom | &nbsp;&nbsp; 11688829 | 1.1<br> %<br>|
| France | &nbsp;&nbsp; 11156604 | 1.1<br> %<br>|
| Jersey | &nbsp;&nbsp; 8218502 | 0.8<br> %<br>|
| Spain | &nbsp;&nbsp; 4253278 | 0.4<br> %<br>|
| Mexico | &nbsp;&nbsp; 4174236 | 0.4<br> %<br>|
| Switzerland | &nbsp;&nbsp; 3965445 | 0.4<br> %<br>|
| Chile | &nbsp;&nbsp; 3644896 | 0.3<br> %<br>|
| Ireland | &nbsp;&nbsp; 3252636 | 0.3<br> %<br>|
| Germany | &nbsp;&nbsp; 3000569 | 0.3<br> %<br>|
| Short-Term Investments and Other Liabilities—Net | &nbsp;&nbsp; 6221024 | 0.6<br> %<br>|
|  | &nbsp;&nbsp; **$1035051431** | **100.0%**<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At April 30, 2025, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Open Contracts** | **Notional** <br>**Amount**<br>| **Value and** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 6/2025 | &nbsp;&nbsp; 142 | U.S. Treasury Long Bond | &nbsp;&nbsp; $16560750 | &nbsp;&nbsp; $252817 |
| 6/2025 | &nbsp;&nbsp; 305 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp; 34226719 | &nbsp;&nbsp; 641266 |
| 6/2025 | &nbsp;&nbsp; 753 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp; 156735774 | &nbsp;&nbsp; 406128 |
| 6/2025 | &nbsp;&nbsp; 1236 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp; 134965407 | &nbsp;&nbsp; 2653230 |
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp; **$342488650** | &nbsp;&nbsp; **$3953441** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Open Contracts** | **Notional** <br>**Amount**<br>| **Value and** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 6/2025 | &nbsp;&nbsp; 647 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp; $(74233141) | &nbsp;&nbsp; $(514257) |
| 6/2025 | &nbsp;&nbsp; 171 | U.S. Treasury Ultra Bond | &nbsp;&nbsp; (20696344) | &nbsp;&nbsp; 418343 |
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp; **$(94929485)** | &nbsp;&nbsp; **$(95914)** |
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp; **$3857527** |

---

For the six months ended April 30, 2025, the average notional value for the months where the Fund had futures outstanding was $206,639,302 for long positions and $(85,084,433) for short positions.

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| U.S. Treasury Obligations | $— | $158192487 | $— | $158192487 |
| U.S. Government Agency Securities |  | 3213275 |  | 3213275 |
| Mortgage-Backed Securities<sup>#</sup> <br>|  | 383875867 |  | 383875867 |
| Asset-Backed Securities<sup>#</sup> <br>|  | 132333179 |  | 132333179 |
| Corporate Bonds<sup>#</sup> <br>|  | 328174100 |  | 328174100 |
| Foreign Government Securities |  | 23041499 |  | 23041499 |
| Short-Term Investments |  | 28450813 |  | 28450813 |
| **Total Investments** | **$—** | **$1057281220** | **$—** | **$1057281220** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

See Notes to Financial Statements

------

Schedule of Investments Core Bond Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| Assets | $4371784 | $— | $— | $4371784 |
| Liabilities | (514257)<br>|  |  | (514257)<br>|
| **Total** | **$3857527** | **$—** | **$—** | **$3857527** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Corporate Bonds 28.6%** | **Corporate Bonds 28.6%** | **Corporate Bonds 28.6%** |
| **Angola 0.2%** | **Angola 0.2%** | **Angola 0.2%** |
| $200000 | Azule Energy Finance PLC, 8.13%, due 1/23/2030 | &nbsp;&nbsp; **$192800**<br> <sup>(b)</sup><br>|
| **Argentina 0.5%** | **Argentina 0.5%** | **Argentina 0.5%** |
| 223000 | Telecom Argentina SA, 9.50%, due 7/18/2031 | &nbsp;&nbsp; 233481<br> <sup>(b)</sup><br>|
| 216000 | Vista Energy Argentina SAU, 7.63%, due 12/10/2035 | &nbsp;&nbsp; 206388<br> <sup>(b)</sup><br>|
| 160000 | YPF SA, 9.50%, due 1/17/2031 | &nbsp;&nbsp; 165060<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **604929** |
| **Azerbaijan 0.4%** | **Azerbaijan 0.4%** | **Azerbaijan 0.4%** |
|  | Southern Gas Corridor CJSC |  |
| 300000 | 6.88%, due 3/24/2026 | &nbsp;&nbsp; 303000<br> <sup>(c)</sup><br>|
| 200000 | 6.88%, due 3/24/2026 | &nbsp;&nbsp; 202000<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **505000** |
| **Bahrain 0.2%** | **Bahrain 0.2%** | **Bahrain 0.2%** |
| 200000 | Bapco Energies BSC Closed, 8.38%, due 11/7/2028 | &nbsp;&nbsp; **212009**<br> <sup>(c)</sup><br>|
| **Brazil 1.8%** | **Brazil 1.8%** | **Brazil 1.8%** |
| 225000 | CSN Inova Ventures, 6.75%, due 1/28/2028 | &nbsp;&nbsp; 209927<br> <sup>(c)</sup><br>|
| 200000 | Itau Unibanco Holding SA, 6.00%, due 2/27/2030 | &nbsp;&nbsp; 204710<br> <sup>(b)</sup><br>|
| 200000 | Klabin Austria GmbH, 3.20%, due 1/12/2031 | &nbsp;&nbsp; 174085<br> <sup>(c)</sup><br>|
| 230162 | MC Brazil Downstream Trading SARL, 7.25%, due 6/30/2031 | &nbsp;&nbsp; 177915<br> <sup>(c)</sup><br>|
| 200000 | NewCo Holding USD 20 SARL, 9.38%, due 11/7/2029 | &nbsp;&nbsp; 197500<br> <sup>(b)</sup><br>|
| 200000 | Raizen Fuels Finance SA, 6.95%, due 3/5/2054 | &nbsp;&nbsp; 189089<br> <sup>(b)</sup><br>|
| 164000 | Rede D'or Finance SARL, 4.50%, due 1/22/2030 | &nbsp;&nbsp; 152751<br> <sup>(c)</sup><br>|
|  | Samarco Mineracao SA |  |
| 45031 | 4.00% Cash/5.00% PIK, due 6/30/2031 | &nbsp;&nbsp; 42382<br> <sup>(c)(d)</sup><br>|
| 151980 | 4.00% Cash/5.00% PIK, due 6/30/2031 | &nbsp;&nbsp; 143039<br> <sup>(b)(d)</sup><br>|
| 200000 | Suzano Austria GmbH, 3.75%, due 1/15/2031 | &nbsp;&nbsp; 180783 |
| 200000 | Trident Energy Finance PLC, 12.50%, due 11/30/2029 | &nbsp;&nbsp; 188746<br> <sup>(b)</sup><br>|
| 198236 | Yinson Boronia Production BV, 8.95%, due 7/31/2042 | &nbsp;&nbsp; 203192<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **2064119** |
| **Chile 1.3%** | **Chile 1.3%** | **Chile 1.3%** |
| 217000 | &nbsp;&nbsp; ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C, 7.88%, <br> due 2/3/2030<br>| &nbsp;&nbsp; 216369<br> <sup>(b)</sup><br>|
| 200000 | Banco de Credito e Inversiones SA, 8.75%, due 5/8/2029 | &nbsp;&nbsp; 206892<br> <sup>(c)(e)(f)</sup><br>|
|  | Celulosa Arauco y Constitucion SA |  |
| 200000 | 6.18%, due 5/5/2032 | &nbsp;&nbsp; 200000<br> <sup>(b)(g)</sup><br>|
| 200000 | 5.15%, due 1/29/2050 | &nbsp;&nbsp; 165053<br> <sup>(c)</sup><br>|
|  | Corp. Nacional del Cobre de Chile |  |
| 200000 | 6.33%, due 1/13/2035 | &nbsp;&nbsp; 207020<br> <sup>(b)</sup><br>|
| 200000 | 3.70%, due 1/30/2050 | &nbsp;&nbsp; 135328<br> <sup>(b)</sup><br>|
| 155000 | Latam Airlines Group SA, 7.88%, due 4/15/2030 | &nbsp;&nbsp; 151706<br> <sup>(b)</sup><br>|
| 200000 | VTR Finance NV, 6.38%, due 7/15/2028 | &nbsp;&nbsp; 187973<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1470341** |
| **China 1.0%** | **China 1.0%** | **China 1.0%** |
|  | BOC Aviation Ltd. |  |
| 200000 | 4.50%, due 5/23/2028 | &nbsp;&nbsp; 200251<br> <sup>(c)</sup><br>|
| 200000 | 3.00%, due 9/11/2029 | &nbsp;&nbsp; 187993<br> <sup>(c)</sup><br>|
| 200000 | Fortune Star BVI Ltd., 5.05%, due 1/27/2027 | &nbsp;&nbsp; 188001<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **China – cont'd** | **China – cont'd** | **China – cont'd** |
| $200000 | Greentown China Holdings Ltd., 8.45%, due 2/24/2028 | &nbsp;&nbsp; $201734<br> <sup>(c)</sup><br>|
| 200000 | Longfor Group Holdings Ltd., 3.95%, due 9/16/2029 | &nbsp;&nbsp; 160119<br> <sup>(c)</sup><br>|
| 232000 | SF Holding Investment 2021 Ltd., 3.13%, due 11/17/2031 | &nbsp;&nbsp; 213363<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1151461** |
| **Colombia 1.1%** | **Colombia 1.1%** | **Colombia 1.1%** |
| 200000 | Banco Davivienda SA, 6.65%, due 4/22/2031 | &nbsp;&nbsp; 170749<br> <sup>(c)(e)(f)</sup><br>|
| 200000 | Colombia Telecomunicaciones SA ESP, 4.95%, due 7/17/2030 | &nbsp;&nbsp; 176348<br> <sup>(c)</sup><br>|
| 200000 | Ecopetrol SA, 8.88%, due 1/13/2033 | &nbsp;&nbsp; 200191 |
| 1261000000 | Empresas Publicas de Medellin ESP, 8.38%, due 11/8/2027 | &nbsp;&nbsp; 271670<br> <sup>(b)</sup><br>|
| $227000 | Geopark Ltd., 8.75%, due 1/31/2030 | &nbsp;&nbsp; 196237<br> <sup>(b)</sup><br>|
| 221000 | SierraCol Energy Andina LLC, 6.00%, due 6/15/2028 | &nbsp;&nbsp; 203280<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1218475** |
| **Ghana 0.1%** | **Ghana 0.1%** | **Ghana 0.1%** |
| 200000 | Kosmos Energy Ltd., 7.50%, due 3/1/2028 | &nbsp;&nbsp; **169963**<br> <sup>(c)</sup><br>|
| **Guatemala 0.5%** | **Guatemala 0.5%** | **Guatemala 0.5%** |
|  | Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL |  |
| 135000 | 5.25%, due 4/27/2029 | &nbsp;&nbsp; 129190<br> <sup>(b)</sup><br>|
| 60000 | 5.25%, due 4/27/2029 | &nbsp;&nbsp; 57418<br> <sup>(c)</sup><br>|
| 200000 | CT Trust, 5.13%, due 2/3/2032 | &nbsp;&nbsp; 182085<br> <sup>(c)</sup><br>|
| 200000 | Investment Energy Resources Ltd., 6.25%, due 4/26/2029 | &nbsp;&nbsp; 190771<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **559464** |
| **Hong Kong 1.4%** | **Hong Kong 1.4%** | **Hong Kong 1.4%** |
| 200000 | AIA Group Ltd., 3.20%, due 9/16/2040 | &nbsp;&nbsp; 150526<br> <sup>(c)</sup><br>|
| 200000 | CAS Capital No. 1 Ltd., 4.00%, due 7/12/2026 | &nbsp;&nbsp; 191290<br> <sup>(c)(e)(f)</sup><br>|
| 300000 | CK Hutchison International 24 Ltd., 5.50%, due 4/26/2034 | &nbsp;&nbsp; 305386<br> <sup>(b)</sup><br>|
| 200000 | FWD Group Holdings Ltd., 8.05%, due 6/15/2025 | &nbsp;&nbsp; 195704<br> <sup>(c)(e)(f)</sup><br>|
| 200000 | NWD Finance BVI Ltd., 5.25%, due 3/22/2026 | &nbsp;&nbsp; 100068<br> <sup>(c)(e)(f)</sup><br>|
| 200000 | Prudential Funding Asia PLC, 2.95%, due 11/3/2033 | &nbsp;&nbsp; 184506<br> <sup>(c)(e)</sup><br>|
| 235000 | Standard Chartered PLC, 7.63%, due 1/16/2032 | &nbsp;&nbsp; 231144<br> <sup>(b)(e)(f)</sup><br>|
| 200000 | Sun Hung Kai Properties Capital Market Ltd., 2.88%, due 1/21/2030 | &nbsp;&nbsp; 185329<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1543953** |
| **India 1.2%** | **India 1.2%** | **India 1.2%** |
| 200000 | Adani Ports & Special Economic Zone Ltd., 4.20%, due 8/4/2027 | &nbsp;&nbsp; 188398<br> <sup>(c)</sup><br>|
| 200000 | Axis Bank Ltd./Gandhinagar, 4.10%, due 9/8/2026 | &nbsp;&nbsp; 191524<br> <sup>(c)(e)(f)</sup><br>|
| 240000 | Greenko Wind Projects Mauritius Ltd., 7.25%, due 9/27/2028 | &nbsp;&nbsp; 232360<br> <sup>(b)</sup><br>|
| 278000 | HDFC Bank Ltd., 3.70%, due 8/25/2026 | &nbsp;&nbsp; 264638<br> <sup>(c)(e)(f)</sup><br>|
| 313000 | Reliance Industries Ltd., 2.88%, due 1/12/2032 | &nbsp;&nbsp; 272839<br> <sup>(b)</sup><br>|
| 200000 | Vedanta Resources Finance II PLC, 9.85%, due 4/24/2033 | &nbsp;&nbsp; 181435<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1331194** |
| **Indonesia 0.8%** | **Indonesia 0.8%** | **Indonesia 0.8%** |
| 400000 | Bank Negara Indonesia Persero Tbk. PT, 4.30%, due 3/24/2027 | &nbsp;&nbsp; 376022<br> <sup>(c)(e)(f)</sup><br>|
|  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara |  |
| 300000 | 1.88%, due 11/5/2031 | &nbsp;&nbsp; 295847<br> <sup>(c)</sup><br>|
| 100000 | 1.88%, due 11/5/2031 | &nbsp;&nbsp; 98616<br> <sup>(b)</sup><br>|
| $200000 | 6.15%, due 5/21/2048 | &nbsp;&nbsp; 192140<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **962625** |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Israel 0.6%** | **Israel 0.6%** | **Israel 0.6%** |
| $200000 | Altice Financing SA, 5.75%, due 8/15/2029 | &nbsp;&nbsp; $147505<br> <sup>(c)</sup><br>|
| 250000 | Bank Leumi Le-Israel BM, 3.28%, due 1/29/2031 | &nbsp;&nbsp; 243125<br> <sup>(c)(e)</sup><br>|
|  | Energean Israel Finance Ltd. |  |
| 100000 | 5.38%, due 3/30/2028 | &nbsp;&nbsp; 94140<br> <sup>(c)</sup><br>|
| 10000 | 8.50%, due 9/30/2033 | &nbsp;&nbsp; 10014<br> <sup>(c)</sup><br>|
| 200000 | Teva Pharmaceutical Finance Netherlands III BV, 4.10%, due 10/1/2046 | &nbsp;&nbsp; 141365 |
|  |  | &nbsp;&nbsp; **636149** |
| **Jamaica 0.1%** | **Jamaica 0.1%** | **Jamaica 0.1%** |
| 105000 | &nbsp;&nbsp; Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./Difl U.S., 9.00% <br> Cash/3.00% PIK, due 5/25/2027<br>| &nbsp;&nbsp; **105254**<br> <sup>(d)</sup><br>|
| **Kazakhstan 0.7%** | **Kazakhstan 0.7%** | **Kazakhstan 0.7%** |
| 214000 | Kaspi.KZ JSC, 6.25%, due 3/26/2030 | &nbsp;&nbsp; 209217<br> <sup>(b)</sup><br>|
|  | KazMunayGas National Co. JSC |  |
| 250000 | 5.38%, due 4/24/2030 | &nbsp;&nbsp; 244070<br> <sup>(c)</sup><br>|
| 360000 | 5.75%, due 4/19/2047 | &nbsp;&nbsp; 301441<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **754728** |
| **Korea 0.9%** | **Korea 0.9%** | **Korea 0.9%** |
| 200000 | Hanwha Life Insurance Co. Ltd., 3.38%, due 2/4/2032 | &nbsp;&nbsp; 193865<br> <sup>(c)(e)</sup><br>|
| 200000 | Kookmin Bank, 2.50%, due 11/4/2030 | &nbsp;&nbsp; 176997<br> <sup>(c)</sup><br>|
| 200000 | Shinhan Bank Co. Ltd., 4.38%, due 4/13/2032 | &nbsp;&nbsp; 189249<br> <sup>(b)</sup><br>|
| 200000 | SK Hynix, Inc., 6.50%, due 1/17/2033 | &nbsp;&nbsp; 212873<br> <sup>(b)</sup><br>|
| 200000 | Woori Bank, 6.38%, due 7/24/2029 | &nbsp;&nbsp; 199332<br> <sup>(b)(e)(f)</sup><br>|
|  |  | &nbsp;&nbsp; **972316** |
| **Kuwait 0.3%** | **Kuwait 0.3%** | **Kuwait 0.3%** |
| 200000 | MEGlobal BV, 2.63%, due 4/28/2028 | &nbsp;&nbsp; 187700<br> <sup>(c)</sup><br>|
| 200000 | NBK SPC Ltd., 5.50%, due 6/6/2030 | &nbsp;&nbsp; 205000<br> <sup>(b)(e)</sup><br>|
|  |  | &nbsp;&nbsp; **392700** |
| **Macau 0.8%** | **Macau 0.8%** | **Macau 0.8%** |
|  | Las Vegas Sands Corp. |  |
| 200000 | 3.90%, due 8/8/2029 | &nbsp;&nbsp; 185701 |
| 70000 | 6.00%, due 6/14/2030 | &nbsp;&nbsp; 70394<br> <sup>(g)</sup><br>|
| 200000 | Melco Resorts Finance Ltd., 5.75%, due 7/21/2028 | &nbsp;&nbsp; 188628<br> <sup>(c)</sup><br>|
| 250000 | Sands China Ltd., 5.40%, due 8/8/2028 | &nbsp;&nbsp; 245978 |
| 300000 | Wynn Macau Ltd., 5.13%, due 12/15/2029 | &nbsp;&nbsp; 276969<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **967670** |
| **Malaysia 0.3%** | **Malaysia 0.3%** | **Malaysia 0.3%** |
| 200000 | GENM Capital Labuan Ltd., 3.88%, due 4/19/2031 | &nbsp;&nbsp; 177083<br> <sup>(c)</sup><br>|
| 200000 | TNB Global Ventures Capital Bhd., 4.85%, due 11/1/2028 | &nbsp;&nbsp; 201778<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **378861** |
| **Mexico 2.6%** | **Mexico 2.6%** | **Mexico 2.6%** |
| 208000 | &nbsp;&nbsp; BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, 8.13%, <br> due 1/8/2039<br>| &nbsp;&nbsp; 211936<br> <sup>(b)(e)</sup><br>|
| 185366 | Borr IHC Ltd./Borr Finance LLC, 10.00%, due 11/15/2028 | &nbsp;&nbsp; 157654<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp; Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy, 7.88%, due <br> 2/15/2039<br>| &nbsp;&nbsp; 202726<br> <sup>(b)</sup><br>|
| 200000 | Cemex SAB de CV, 5.13%, due 6/8/2026 | &nbsp;&nbsp; 197002<br> <sup>(c)(e)(f)</sup><br>|
| 6480000 | Comision Federal de Electricidad, 7.35%, due 11/25/2025 | &nbsp;&nbsp; 325548 |
| $198850 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, due 1/31/2041 | &nbsp;&nbsp; 197259<br> <sup>(b)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Mexico – cont'd** | **Mexico – cont'd** | **Mexico – cont'd** |
| 200000 | Fresnillo PLC, 4.25%, due 10/2/2050 | &nbsp;&nbsp; $142664<br> <sup>(c)</sup><br>|
| 200000 | Grupo Aeromexico SAB de CV, 8.25%, due 11/15/2029 | &nbsp;&nbsp; 187000<br> <sup>(b)</sup><br>|
|  | Petroleos Mexicanos |  |
| 150000 | 6.75%, due 9/21/2047 | &nbsp;&nbsp; 100744 |
| 1014000 | 7.69%, due 1/23/2050 | &nbsp;&nbsp; 739813 |
| 69000 | 6.95%, due 1/28/2060 | &nbsp;&nbsp; 45967 |
| 200000 | Saavi Energia SARL, 8.88%, due 2/10/2035 | &nbsp;&nbsp; 201000<br> <sup>(b)</sup><br>|
| 200000 | Trust Fibra Uno, 7.38%, due 2/13/2034 | &nbsp;&nbsp; 197993<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **2907306** |
| **Moldova 0.2%** | **Moldova 0.2%** | **Moldova 0.2%** |
| 220000 | Aragvi Finance International DAC, 11.13%, due 11/20/2029 | &nbsp;&nbsp; **218470**<br> <sup>(b)</sup><br>|
| **Morocco 0.2%** | **Morocco 0.2%** | **Morocco 0.2%** |
| 200000 | OCP SA, 7.50%, due 5/2/2054 | &nbsp;&nbsp; **196500**<br> <sup>(c)</sup><br>|
| **Nigeria 0.4%** | **Nigeria 0.4%** | **Nigeria 0.4%** |
| 260000 | IHS Holding Ltd., 7.88%, due 5/29/2030 | &nbsp;&nbsp; 250644<br> <sup>(b)</sup><br>|
| 215000 | SEPLAT Energy PLC, 9.13%, due 3/21/2030 | &nbsp;&nbsp; 204949<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **455593** |
| **Oman 0.2%** | **Oman 0.2%** | **Oman 0.2%** |
| 242000 | Oztel Holdings SPC Ltd., 6.63%, due 4/24/2028 | &nbsp;&nbsp; **249490**<br> <sup>(b)</sup><br>|
| **Panama 0.5%** | **Panama 0.5%** | **Panama 0.5%** |
| 207000 | C&W Senior Finance Ltd., 9.00%, due 1/15/2033 | &nbsp;&nbsp; 207600<br> <sup>(b)</sup><br>|
| 200000 | Empresa de Transmision Electrica SA, 5.13%, due 5/2/2049 | &nbsp;&nbsp; 144000<br> <sup>(c)</sup><br>|
| 200000 | Sable International Finance Ltd., 7.13%, due 10/15/2032 | &nbsp;&nbsp; 196520<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **548120** |
| **Paraguay 0.2%** | **Paraguay 0.2%** | **Paraguay 0.2%** |
| 200000 | Telefonica Celular del Paraguay SA, 5.88%, due 4/15/2027 | &nbsp;&nbsp; **198402**<br> <sup>(b)</sup><br>|
| **Peru 1.1%** | **Peru 1.1%** | **Peru 1.1%** |
|  | Banco de Credito del Peru SA |  |
| 125000 | 3.13%, due 7/1/2030 | &nbsp;&nbsp; 124534<br> <sup>(c)(e)</sup><br>|
| 206000 | 6.45%, due 7/30/2035 | &nbsp;&nbsp; 205526<br> <sup>(b)(e)(h)</sup><br>|
| 200000 | Hunt Oil Co. of Peru LLC Sucursal Del Peru, 8.55%, due 9/18/2033 | &nbsp;&nbsp; 222938<br> <sup>(b)</sup><br>|
| 200000 | Minsur SA, 4.50%, due 10/28/2031 | &nbsp;&nbsp; 182860<br> <sup>(c)</sup><br>|
| 200000 | Niagara Energy SAC, 5.75%, due 10/3/2034 | &nbsp;&nbsp; 197675<br> <sup>(c)</sup><br>|
|  | Petroleos del Peru SA |  |
| 247000 | 5.63%, due 6/19/2047 | &nbsp;&nbsp; 151438<br> <sup>(b)</sup><br>|
| 200000 | 5.63%, due 6/19/2047 | &nbsp;&nbsp; 122622<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1207593** |
| **Philippines 0.2%** | **Philippines 0.2%** | **Philippines 0.2%** |
| 240000 | Globe Telecom, Inc., 4.20%, due 8/2/2026 | &nbsp;&nbsp; **234540**<br> <sup>(c)(e)(f)</sup><br>|
| **Qatar 0.6%** | **Qatar 0.6%** | **Qatar 0.6%** |
| 200000 | CBQ Finance Ltd., 2.00%, due 5/12/2026 | &nbsp;&nbsp; 194098<br> <sup>(c)</sup><br>|
| 200000 | Commercial Bank PSQC, 4.50%, due 3/3/2026 | &nbsp;&nbsp; 196250<br> <sup>(c)(e)(f)</sup><br>|
| 200000 | Ooredoo International Finance Ltd., 2.63%, due 4/8/2031 | &nbsp;&nbsp; 179780<br> <sup>(b)</sup><br>|
| 200000 | QatarEnergy, 3.13%, due 7/12/2041 | &nbsp;&nbsp; 146919<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **717047** |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Russia 0.0%**<sup>‡</sup> | **Russia 0.0%**<sup>‡</sup> | **Russia 0.0%**<sup>‡</sup> |
| $300000 | Vnesheconombank Via VEB Finance PLC, 6.80%, due 11/22/2025 | &nbsp;&nbsp; **$9576**<br> <sup>(c)(i)</sup><br>|
| **Saudi Arabia 0.6%** | **Saudi Arabia 0.6%** | **Saudi Arabia 0.6%** |
| 200000 | BSF Finance, 5.50%, due 11/23/2027 | &nbsp;&nbsp; 203493<br> <sup>(c)</sup><br>|
| 200000 | EIG Pearl Holdings SARL, 4.39%, due 11/30/2046 | &nbsp;&nbsp; 154561<br> <sup>(c)</sup><br>|
|  | Saudi Arabian Oil Co. |  |
| 200000 | 4.25%, due 4/16/2039 | &nbsp;&nbsp; 172002<br> <sup>(c)</sup><br>|
| 200000 | 4.38%, due 4/16/2049 | &nbsp;&nbsp; 157759<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **687815** |
| **Singapore 0.2%** | **Singapore 0.2%** | **Singapore 0.2%** |
| 240000 | United Overseas Bank Ltd., 2.00%, due 10/14/2031 | &nbsp;&nbsp; **230989**<br> <sup>(b)(e)</sup><br>|
| **South Africa 0.7%** | **South Africa 0.7%** | **South Africa 0.7%** |
| 200000 | Anglo American Capital PLC, 3.88%, due 3/16/2029 | &nbsp;&nbsp; 193431<br> <sup>(c)</sup><br>|
|  | Prosus NV |  |
| 200000 | 3.68%, due 1/21/2030 | &nbsp;&nbsp; 185628<br> <sup>(c)</sup><br>|
| 200000 | 3.83%, due 2/8/2051 | &nbsp;&nbsp; 125507<br> <sup>(c)</sup><br>|
| 260000 | Sasol Financing USA LLC, 8.75%, due 5/3/2029 | &nbsp;&nbsp; 246393<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **750959** |
| **Supranational 2.9%** | **Supranational 2.9%** | **Supranational 2.9%** |
| 240000 | Africa Finance Corp., 7.50%, due 1/21/2030 | &nbsp;&nbsp; 234317<br> <sup>(b)(e)(f)</sup><br>|
|  | Asian Development Bank |  |
| 1450000000 | 10.10%, due 1/23/2026 | &nbsp;&nbsp; 342397 |
| 4000000 | 0.00%, due 4/20/2043 | &nbsp;&nbsp; 39540 |
|  | Asian Infrastructure Investment Bank |  |
| 17900000 | 7.20%, due 7/2/2031 | &nbsp;&nbsp; 215818<br> <sup>(c)</sup><br>|
| 4800000 | 0.00%, due 2/8/2038 | &nbsp;&nbsp; 76752<br> <sup>(c)</sup><br>|
|  | Banque Ouest Africaine de Developpement |  |
| $205000 | 5.00%, due 7/27/2027 | &nbsp;&nbsp; 201023<br> <sup>(b)</sup><br>|
| 200000 | 4.70%, due 10/22/2031 | &nbsp;&nbsp; 180800<br> <sup>(b)</sup><br>|
| 200000 | 8.20%, due 2/13/2055 | &nbsp;&nbsp; 198612<br> <sup>(b)(e)</sup><br>|
|  | European Bank for Reconstruction & Development |  |
| 25000000 | 6.75%, due 3/14/2031 | &nbsp;&nbsp; 297471 |
| 23400000 | 6.88%, due 7/30/2031 | &nbsp;&nbsp; 280051 |
|  | International Bank for Reconstruction & Development |  |
| 41100000 | 6.75%, due 7/13/2029 | &nbsp;&nbsp; 488857 |
| 59100000 | 6.50%, due 4/17/2030 | &nbsp;&nbsp; 689347 |
|  |  | &nbsp;&nbsp; **3244985** |
| **Taiwan 0.2%** | **Taiwan 0.2%** | **Taiwan 0.2%** |
| 209000 | TSMC Arizona Corp., 4.25%, due 4/22/2032 | &nbsp;&nbsp; **204570** |
| **Thailand 0.3%** | **Thailand 0.3%** | **Thailand 0.3%** |
| 200000 | Bangkok Bank PCL, 3.73%, due 9/25/2034 | &nbsp;&nbsp; 184226<br> <sup>(c)(e)</sup><br>|
| 200000 | Kasikornbank PCL, 3.34%, due 10/2/2031 | &nbsp;&nbsp; 193651<br> <sup>(c)(e)</sup><br>|
|  |  | &nbsp;&nbsp; **377877** |
| **Trinidad And Tobago 0.2%** | **Trinidad And Tobago 0.2%** | **Trinidad And Tobago 0.2%** |
| 200000 | Consolidated Energy Finance SA, 12.00%, due 2/15/2031 | &nbsp;&nbsp; **180295**<br> <sup>(b)</sup><br>|
| **Turkey 1.0%** | **Turkey 1.0%** | **Turkey 1.0%** |
| 200000 | Limak Cimento Sanayi ve Ticaret AS, 9.75%, due 7/25/2029 | &nbsp;&nbsp; 196030<br> <sup>(b)</sup><br>|
| 240000 | Turkiye Is Bankasi AS, 7.75%, due 6/12/2029 | &nbsp;&nbsp; 242381<br> <sup>(b)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Turkey – cont'd** | **Turkey – cont'd** | **Turkey – cont'd** |
| $240000 | WE Soda Investments Holding PLC, 9.50%, due 10/6/2028 | &nbsp;&nbsp; $245460<br> <sup>(b)</sup><br>|
| 260000 | Yapi ve Kredi Bankasi AS, 9.74%, due 4/4/2029 | &nbsp;&nbsp; 262449<br> <sup>(b)(e)(f)</sup><br>|
| 200000 | Zorlu Enerji Elektrik Uretim AS, 11.00%, due 4/23/2030 | &nbsp;&nbsp; 183242<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1129562** |
| **Ukraine 0.1%** | **Ukraine 0.1%** | **Ukraine 0.1%** |
| 128508 | NAK Naftogaz Ukraine via Kondor Finance PLC, 7.13%, due 7/19/2026 | &nbsp;&nbsp; **126452**<br> <sup>(c)</sup><br>|
| **United Arab Emirates 1.0%** | **United Arab Emirates 1.0%** | **United Arab Emirates 1.0%** |
| $200000 | Abu Dhabi Crude Oil Pipeline LLC, 4.60%, due 11/2/2047 | &nbsp;&nbsp; 177077<br> <sup>(c)</sup><br>|
| 200000 | Abu Dhabi National Energy Co. PJSC, 2.00%, due 4/29/2028 | &nbsp;&nbsp; 185778<br> <sup>(b)</sup><br>|
| 400000 | DP World Ltd., 6.85%, due 7/2/2037 | &nbsp;&nbsp; 438000<br> <sup>(c)</sup><br>|
|  | Galaxy Pipeline Assets Bidco Ltd. |  |
| 200000 | 2.63%, due 3/31/2036 | &nbsp;&nbsp; 168500<br> <sup>(b)</sup><br>|
| 176648 | 2.94%, due 9/30/2040 | &nbsp;&nbsp; 143512<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1112867** |
| **United States 0.2%** | **United States 0.2%** | **United States 0.2%** |
| 254000 | Avianca Midco 2 PLC, 9.63%, due 2/14/2030 | &nbsp;&nbsp; **221795**<br> <sup>(b)</sup><br>|
| **Uzbekistan 0.2%** | **Uzbekistan 0.2%** | **Uzbekistan 0.2%** |
| 200000 | Navoi Mining & Metallurgical Combinat, 6.95%, due 10/17/2031 | &nbsp;&nbsp; **201468**<br> <sup>(b)</sup><br>|
| **Venezuela 0.4%** | **Venezuela 0.4%** | **Venezuela 0.4%** |
|  | Petroleos de Venezuela SA |  |
| 2782409 | 6.00%, due 5/16/2024 | &nbsp;&nbsp; 322760<br> <sup>(c)(i)</sup><br>|
| 1631452 | 6.00%, due 11/15/2026 | &nbsp;&nbsp; 189248<br> <sup>(c)(i)</sup><br>|
|  |  | &nbsp;&nbsp; **512008** |
| **Zambia 0.2%** | **Zambia 0.2%** | **Zambia 0.2%** |
| 250000 | First Quantum Minerals Ltd., 8.63%, due 6/1/2031 | &nbsp;&nbsp; **253389**<br> <sup>(c)</sup><br>|
| **Total Corporate Bonds (Cost $34,668,077)** | **Total Corporate Bonds (Cost $34,668,077)** | &nbsp;&nbsp; **32371679** |
| **Foreign Government Securities 64.0%** | **Foreign Government Securities 64.0%** | **Foreign Government Securities 64.0%** |
| **Angola 0.2%** | **Angola 0.2%** | **Angola 0.2%** |
| 258000 | Angolan Government International Bonds, 9.38%, due 5/8/2048 | &nbsp;&nbsp; **182064**<br> <sup>(c)</sup><br>|
| **Argentina 1.3%** | **Argentina 1.3%** | **Argentina 1.3%** |
|  | Argentine Republic Government International Bonds |  |
| 135000 | 1.00%, due 7/9/2029 | &nbsp;&nbsp; 108540 |
| 560560 | 0.75%, due 7/9/2030 | &nbsp;&nbsp; 428828<br> <sup>(j)</sup><br>|
| 93568 | 0.13%, due 7/9/2030 | &nbsp;&nbsp; 78617 |
| $581969 | 4.13%, due 7/9/2035 | &nbsp;&nbsp; 388106<br> <sup>(j)</sup><br>|
| 223000 | 3.50%, due 7/9/2041 | &nbsp;&nbsp; 134584<br> <sup>(j)</sup><br>|
| 390909 | 4.13%, due 7/9/2046 | &nbsp;&nbsp; 254247<br> <sup>(j)</sup><br>|
| 83740 | Provincia de Buenos Aires Government Bonds, 6.63%, due 9/1/2037 | &nbsp;&nbsp; 56106<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1449028** |
| **Azerbaijan 0.6%** | **Azerbaijan 0.6%** | **Azerbaijan 0.6%** |
|  | State Oil Co. of the Azerbaijan Republic |  |
| 510000 | 6.95%, due 3/18/2030 | &nbsp;&nbsp; 530400<br> <sup>(c)</sup><br>|
| 200000 | 6.95%, due 3/18/2030 | &nbsp;&nbsp; 208000<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **738400** |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Bahamas 0.2%** | **Bahamas 0.2%** | **Bahamas 0.2%** |
| $200000 | Bahamas Government International Bonds, 6.00%, due 11/21/2028 | &nbsp;&nbsp; **$189566**<br> <sup>(c)</sup><br>|
| **Benin 0.2%** | **Benin 0.2%** | **Benin 0.2%** |
| 200000 | Benin Government International Bonds, 4.95%, due 1/22/2035 | &nbsp;&nbsp; **182846**<br> <sup>(c)</sup><br>|
| **Bermuda 0.2%** | **Bermuda 0.2%** | **Bermuda 0.2%** |
| $200000 | Bermuda Government International Bonds, 3.72%, due 1/25/2027 | &nbsp;&nbsp; **195702**<br> <sup>(c)</sup><br>|
| **Brazil 2.9%** | **Brazil 2.9%** | **Brazil 2.9%** |
|  | Brazil Government International Bonds |  |
| 580000 | 6.63%, due 3/15/2035 | &nbsp;&nbsp; 578065 |
| 270000 | 5.00%, due 1/27/2045 | &nbsp;&nbsp; 205142 |
| 120000 | Brazil Minas SPE via State of Minas Gerais, 5.33%, due 2/15/2028 | &nbsp;&nbsp; 119249<br> <sup>(c)</sup><br>|
|  | Brazil Notas do Tesouro Nacional |  |
| 6000000 | 10.00%, due 1/1/2029 | &nbsp;&nbsp; 956182 |
| 8000000 | 10.00%, due 1/1/2031 | &nbsp;&nbsp; 1207345 |
| 1824000 | 10.00%, due 1/1/2033 | &nbsp;&nbsp; 266003 |
|  |  | &nbsp;&nbsp; **3331986** |
| **Cameroon, Republic of 0.2%** | **Cameroon, Republic of 0.2%** | **Cameroon, Republic of 0.2%** |
| 281000 | Republic of Cameroon International Bonds, 5.95%, due 7/7/2032 | &nbsp;&nbsp; **232389**<br> <sup>(c)</sup><br>|
| **Chile 1.7%** | **Chile 1.7%** | **Chile 1.7%** |
|  | Bonos de la Tesoreria de la Republica en pesos |  |
| 930000000 | 4.70%, due 9/1/2030 | &nbsp;&nbsp; 949014<br> <sup>(c)</sup><br>|
| 255000000 | 6.00%, due 4/1/2033 | &nbsp;&nbsp; 275157<br> <sup>(c)</sup><br>|
| 110000000 | 2.80%, due 10/1/2033 | &nbsp;&nbsp; 94624<br> <sup>(c)</sup><br>|
| 155000000 | 7.00%, due 5/1/2034 | &nbsp;&nbsp; 179084<br> <sup>(c)</sup><br>|
| 120000000 | 5.00%, due 3/1/2035 | &nbsp;&nbsp; 120793 |
| 30000000 | 5.10%, due 7/15/2050 | &nbsp;&nbsp; 29460 |
|  | Chile Government International Bonds |  |
| 100000 | 3.88%, due 7/9/2031 | &nbsp;&nbsp; 115943 |
| $200000 | 3.25%, due 9/21/2071 | &nbsp;&nbsp; 118830 |
|  |  | &nbsp;&nbsp; **1882905** |
| **China 3.8%** | **China 3.8%** | **China 3.8%** |
|  | China Government Bonds |  |
| 500000 | 3.01%, due 5/13/2028 | &nbsp;&nbsp; 72021 |
| 4940000 | 2.05%, due 4/15/2029 | &nbsp;&nbsp; 692912 |
| 1600000 | 1.43%, due 1/25/2030 | &nbsp;&nbsp; 219258 |
| 2150000 | 2.80%, due 3/25/2030 | &nbsp;&nbsp; 313234 |
| 2250000 | 2.60%, due 9/15/2030 | &nbsp;&nbsp; 325702 |
| 200000 | 3.02%, due 5/27/2031 | &nbsp;&nbsp; 29853 |
| 700000 | 2.12%, due 6/25/2031 | &nbsp;&nbsp; 99201 |
| 8830000 | 1.87%, due 9/15/2031 | &nbsp;&nbsp; 1233887 |
| 2500000 | 2.67%, due 5/25/2033 | &nbsp;&nbsp; 369291 |
| 1800000 | 2.04%, due 11/25/2034 | &nbsp;&nbsp; 255000 |
| 300000 | 2.25%, due 8/29/2039 | &nbsp;&nbsp; 42901 |
| 1500000 | 3.81%, due 9/14/2050 | &nbsp;&nbsp; 284069 |
| 270000 | 3.12%, due 10/25/2052 | &nbsp;&nbsp; 46422 |
| 500000 | 3.19%, due 4/15/2053 | &nbsp;&nbsp; 87470 |
| 1360000 | 3.00%, due 10/15/2053 | &nbsp;&nbsp; 232597 |
| 200000 | 2.47%, due 7/25/2054 | &nbsp;&nbsp; 30758 |
|  |  | &nbsp;&nbsp; **4334576** |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Colombia 2.3%** | **Colombia 2.3%** | **Colombia 2.3%** |
|  | Colombia Government International Bonds |  |
| $340000 | 8.50%, due 4/25/2035 | &nbsp;&nbsp; $345344 |
| 360000 | 7.75%, due 11/7/2036 | &nbsp;&nbsp; 342921 |
| 310000 | 5.63%, due 2/26/2044 | &nbsp;&nbsp; 220966 |
| 360000 | 8.38%, due 11/7/2054 | &nbsp;&nbsp; 329265 |
|  | Colombian TES |  |
| 1517500000 | 7.00%, due 6/30/2032 | &nbsp;&nbsp; 278816 |
| 1194900000 | 7.25%, due 10/18/2034 | &nbsp;&nbsp; 207038 |
| 1630700000 | 6.25%, due 7/9/2036 | &nbsp;&nbsp; 246641 |
| 2104900000 | 9.25%, due 5/28/2042 | &nbsp;&nbsp; 379330 |
| 1735500000 | 7.25%, due 10/26/2050 | &nbsp;&nbsp; 240968 |
|  |  | &nbsp;&nbsp; **2591289** |
| **Costa Rica 0.4%** | **Costa Rica 0.4%** | **Costa Rica 0.4%** |
|  | Costa Rica Government International Bonds |  |
| 40600000 | 10.58%, due 9/26/2029 | &nbsp;&nbsp; 93569<br> <sup>(b)</sup><br>|
| $200000 | 6.55%, due 4/3/2034 | &nbsp;&nbsp; 204400<br> <sup>(c)</sup><br>|
| 200000 | 7.30%, due 11/13/2054 | &nbsp;&nbsp; 203488<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **501457** |
| **Cote D'Ivoire 1.5%** | **Cote D'Ivoire 1.5%** | **Cote D'Ivoire 1.5%** |
|  | Ivory Coast Government International Bonds |  |
| 190000 | 5.25%, due 3/22/2030 | &nbsp;&nbsp; 201304<br> <sup>(c)</sup><br>|
| 200000 | 5.88%, due 10/17/2031 | &nbsp;&nbsp; 206544<br> <sup>(c)</sup><br>|
| 510000 | 4.88%, due 1/30/2032 | &nbsp;&nbsp; 499200<br> <sup>(c)</sup><br>|
| 407000 | 6.88%, due 10/17/2040 | &nbsp;&nbsp; 375043<br> <sup>(c)</sup><br>|
| 560000 | 6.63%, due 3/22/2048 | &nbsp;&nbsp; 476224<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1758315** |
| **Czech Republic 1.6%** | **Czech Republic 1.6%** | **Czech Republic 1.6%** |
|  | Czech Republic Government Bonds |  |
| 7460000 | 1.20%, due 3/13/2031 | &nbsp;&nbsp; 295273 |
| 5580000 | 6.20%, due 6/16/2031 | &nbsp;&nbsp; 287582 |
| 5010000 | 1.75%, due 6/23/2032 | &nbsp;&nbsp; 198469 |
| 13160000 | 2.00%, due 10/13/2033 | &nbsp;&nbsp; 515097 |
| 1060000 | 4.90%, due 4/14/2034 | &nbsp;&nbsp; 51485 |
| 7930000 | 3.60%, due 6/3/2036 | &nbsp;&nbsp; 343798 |
| 1980000 | 1.95%, due 7/30/2037 | &nbsp;&nbsp; 70180 |
| 2200000 | 1.50%, due 4/24/2040 | &nbsp;&nbsp; 68646 |
|  |  | &nbsp;&nbsp; **1830530** |
| **Dominican Republic 1.7%** | **Dominican Republic 1.7%** | **Dominican Republic 1.7%** |
|  | Dominican Republic International Bonds |  |
| $150000 | 5.95%, due 1/25/2027 | &nbsp;&nbsp; 150510<br> <sup>(c)</sup><br>|
| 270000 | 6.00%, due 7/19/2028 | &nbsp;&nbsp; 271539<br> <sup>(c)</sup><br>|
| 200000 | 7.05%, due 2/3/2031 | &nbsp;&nbsp; 205830<br> <sup>(c)</sup><br>|
| 27250000 | 11.25%, due 9/15/2035 | &nbsp;&nbsp; 480455<br> <sup>(b)</sup><br>|
| 19400000 | 10.75%, due 6/1/2036 | &nbsp;&nbsp; 331934<br> <sup>(b)</sup><br>|
| $240000 | 6.95%, due 3/15/2037 | &nbsp;&nbsp; 238272<br> <sup>(c)</sup><br>|
| 325000 | 5.88%, due 1/30/2060 | &nbsp;&nbsp; 267166<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1945706** |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Ecuador 0.7%** | **Ecuador 0.7%** | **Ecuador 0.7%** |
|  | Ecuador Government International Bonds |  |
| $284738 | 6.90%, due 7/31/2030 | &nbsp;&nbsp; $212799<br> <sup>(c)</sup><br>|
| 71437 | 0.00%, due 7/31/2030 | &nbsp;&nbsp; 43436<br> <sup>(b)</sup><br>|
| 110483 | 0.00%, due 7/31/2030 | &nbsp;&nbsp; 67178<br> <sup>(c)</sup><br>|
| 266606 | 5.50%, due 7/31/2035 | &nbsp;&nbsp; 159887<br> <sup>(b)(j)</sup><br>|
| 497880 | 5.50%, due 7/31/2035 | &nbsp;&nbsp; 298585<br> <sup>(c)(j)</sup><br>|
| 25160 | 5.00%, due 7/31/2040 | &nbsp;&nbsp; 13118<br> <sup>(c)(j)</sup><br>|
|  |  | &nbsp;&nbsp; **795003** |
| **Egypt 2.0%** | **Egypt 2.0%** | **Egypt 2.0%** |
| 54800000 | Egypt Government Bonds, 25.32%, due 8/13/2027 | &nbsp;&nbsp; 1112096 |
|  | Egypt Government International Bonds |  |
| 172000 | 6.38%, due 4/11/2031 | &nbsp;&nbsp; 168445<br> <sup>(c)</sup><br>|
| $200000 | 8.70%, due 3/1/2049 | &nbsp;&nbsp; 150000<br> <sup>(c)</sup><br>|
| 647000 | 8.70%, due 3/1/2049 | &nbsp;&nbsp; 485250<br> <sup>(c)</sup><br>|
| 400000 | 8.88%, due 5/29/2050 | &nbsp;&nbsp; 301758<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2217549** |
| **El Salvador 0.7%** | **El Salvador 0.7%** | **El Salvador 0.7%** |
|  | El Salvador Government International Bonds |  |
| 224000 | 7.65%, due 6/15/2035 | &nbsp;&nbsp; 210981<br> <sup>(c)</sup><br>|
| 596000 | 9.50%, due 7/15/2052 | &nbsp;&nbsp; 593741<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **804722** |
| **Ethiopia 0.3%** | **Ethiopia 0.3%** | **Ethiopia 0.3%** |
| 400000 | Ethiopia International Bonds, 6.63%, due 12/11/2024 | &nbsp;&nbsp; **336000**<br> <sup>(c)(i)</sup><br>|
| **Ghana 0.8%** | **Ghana 0.8%** | **Ghana 0.8%** |
|  | Ghana Government International Bonds |  |
| 38400 | 0.00%, due 7/3/2026 | &nbsp;&nbsp; 36250<br> <sup>(b)</sup><br>|
| 387200 | 5.00%, due 7/3/2029 | &nbsp;&nbsp; 330495<br> <sup>(b)(j)</sup><br>|
| 356800 | 5.00%, due 7/3/2035 | &nbsp;&nbsp; 242624<br> <sup>(b)(j)</sup><br>|
| 260000 | 5.00%, due 7/3/2035 | &nbsp;&nbsp; 176800<br> <sup>(c)(j)</sup><br>|
|  | Republic of Ghana Government Bonds |  |
| 328227 | 8.35%, due 2/16/2027 | &nbsp;&nbsp; 18983 |
| 329196 | 8.50%, due 2/15/2028 | &nbsp;&nbsp; 17303 |
| 308156 | 8.65%, due 2/13/2029 | &nbsp;&nbsp; 14807 |
| 309064 | 8.80%, due 2/12/2030 | &nbsp;&nbsp; 13858 |
| 309977 | 8.95%, due 2/11/2031 | &nbsp;&nbsp; 13074 |
| 310889 | 9.10%, due 2/10/2032 | &nbsp;&nbsp; 12524 |
| 311803 | 9.25%, due 2/8/2033 | &nbsp;&nbsp; 12093 |
|  |  | &nbsp;&nbsp; **888811** |
| **Guatemala 0.5%** | **Guatemala 0.5%** | **Guatemala 0.5%** |
|  | Guatemala Government Bonds |  |
| $320000 | 7.05%, due 10/4/2032 | &nbsp;&nbsp; 335517<br> <sup>(c)</sup><br>|
| 240000 | 6.60%, due 6/13/2036 | &nbsp;&nbsp; 239704<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **575221** |
| **Honduras 0.2%** | **Honduras 0.2%** | **Honduras 0.2%** |
| 240000 | Honduras Government International Bonds, 8.63%, due 11/27/2034 | &nbsp;&nbsp; **237960**<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Hungary 0.6%** | **Hungary 0.6%** | **Hungary 0.6%** |
|  | Hungary Government Bonds |  |
| 29510000 | 4.50%, due 3/23/2028 | &nbsp;&nbsp; $78944 |
| 195800000 | 4.75%, due 11/24/2032 | &nbsp;&nbsp; 487657 |
| 120000 | Magyar Export-Import Bank Zrt, 4.50%, due 11/27/2031 | &nbsp;&nbsp; 136357<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **702958** |
| **India 4.8%** | **India 4.8%** | **India 4.8%** |
|  | India Government Bonds |  |
| 90000000 | 7.02%, due 6/18/2031 | &nbsp;&nbsp; 1107836 |
| 30000000 | 6.54%, due 1/17/2032 | &nbsp;&nbsp; 360626 |
| 145160000 | 7.18%, due 8/14/2033 | &nbsp;&nbsp; 1802295 |
| 17100000 | 7.10%, due 4/8/2034 | &nbsp;&nbsp; 211582 |
| 57820000 | 7.18%, due 7/24/2037 | &nbsp;&nbsp; 726486 |
| 20000000 | 7.36%, due 9/12/2052 | &nbsp;&nbsp; 252333 |
| 76360000 | 7.30%, due 6/19/2053 | &nbsp;&nbsp; 961160 |
|  |  | &nbsp;&nbsp; **5422318** |
| **Indonesia 6.1%** | **Indonesia 6.1%** | **Indonesia 6.1%** |
|  | Indonesia Treasury Bonds |  |
| 3304000000 | 6.13%, due 5/15/2028 | &nbsp;&nbsp; 196986 |
| 14434000000 | 6.38%, due 8/15/2028 | &nbsp;&nbsp; 865551 |
| 4375000000 | 9.00%, due 3/15/2029 | &nbsp;&nbsp; 286351 |
| 15515000000 | 6.88%, due 4/15/2029 | &nbsp;&nbsp; 943515 |
| 7671000000 | 6.50%, due 7/15/2030 | &nbsp;&nbsp; 459854 |
| 1306000000 | 6.50%, due 2/15/2031 | &nbsp;&nbsp; 77812 |
| 3604000000 | 8.75%, due 5/15/2031 | &nbsp;&nbsp; 239740 |
| 1000000000 | 6.38%, due 4/15/2032 | &nbsp;&nbsp; 59119 |
| 1800000000 | 7.50%, due 8/15/2032 | &nbsp;&nbsp; 112454 |
| 3399000000 | 7.00%, due 2/15/2033 | &nbsp;&nbsp; 206374 |
| 344000000 | 8.38%, due 3/15/2034 | &nbsp;&nbsp; 22718 |
| 4200000000 | 7.50%, due 6/15/2035 | &nbsp;&nbsp; 262710 |
| 31926000000 | 6.75%, due 7/15/2035 | &nbsp;&nbsp; 1904650 |
| 1783000000 | 8.25%, due 5/15/2036 | &nbsp;&nbsp; 117459 |
| 400000000 | 6.38%, due 7/15/2037 | &nbsp;&nbsp; 22883 |
| 13466000000 | 7.13%, due 6/15/2038 | &nbsp;&nbsp; 816967 |
| 5652000000 | 7.13%, due 6/15/2043 | &nbsp;&nbsp; 341628 |
|  |  | &nbsp;&nbsp; **6936771** |
| **Lebanon 0.2%** | **Lebanon 0.2%** | **Lebanon 0.2%** |
|  | Lebanon Government International Bonds |  |
| $362000 | 6.38%, due 3/9/2020 | &nbsp;&nbsp; 61540<br> <sup>(c)(i)</sup><br>|
| 877000 | 8.25%, due 5/17/2034 | &nbsp;&nbsp; 150232<br> <sup>(c)(i)</sup><br>|
|  |  | &nbsp;&nbsp; **211772** |
| **Malaysia 2.9%** | **Malaysia 2.9%** | **Malaysia 2.9%** |
|  | Malaysia Government Bonds |  |
| 1700000 | 2.63%, due 4/15/2031 | &nbsp;&nbsp; 375534 |
| 135000 | 4.23%, due 6/30/2031 | &nbsp;&nbsp; 32491 |
| 1500000 | 3.58%, due 7/15/2032 | &nbsp;&nbsp; 348146 |
| 624000 | 4.64%, due 11/7/2033 | &nbsp;&nbsp; 154940 |
| 300000 | 4.25%, due 5/31/2035 | &nbsp;&nbsp; 72743 |
| 202000 | 4.76%, due 4/7/2037 | &nbsp;&nbsp; 51169 |
| 2600000 | 4.89%, due 6/8/2038 | &nbsp;&nbsp; 670364 |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Malaysia – cont'd** | **Malaysia – cont'd** | **Malaysia – cont'd** |
| 699000 | 4.05%, due 4/18/2039 | &nbsp;&nbsp; $166112 |
| 450000 | 3.76%, due 5/22/2040 | &nbsp;&nbsp; 103695 |
| 3055000 | 4.70%, due 10/15/2042 | &nbsp;&nbsp; 778716 |
| 350000 | 4.94%, due 9/30/2043 | &nbsp;&nbsp; 91651 |
| 450000 | 4.18%, due 5/16/2044 | &nbsp;&nbsp; 108015 |
| 1350000 | 4.07%, due 6/15/2050 | &nbsp;&nbsp; 313914 |
|  |  | &nbsp;&nbsp; **3267490** |
| **Mexico 0.9%** | **Mexico 0.9%** | **Mexico 0.9%** |
|  | Mexico Bonos |  |
| 2526100 | 7.75%, due 5/29/2031 | &nbsp;&nbsp; 121612 |
| 1510000 | 7.50%, due 5/26/2033 | &nbsp;&nbsp; 69574 |
| 15640000 | 7.75%, due 11/13/2042 | &nbsp;&nbsp; 654758 |
| $190000 | Mexico Government International Bonds, 5.75%, due 10/12/2110 | &nbsp;&nbsp; 143558 |
|  |  | &nbsp;&nbsp; **989502** |
| **Mongolia 0.2%** | **Mongolia 0.2%** | **Mongolia 0.2%** |
| 200000 | Mongolia Government International Bonds, 3.50%, due 7/7/2027 | &nbsp;&nbsp; **184319**<br> <sup>(c)</sup><br>|
| **Morocco 0.2%** | **Morocco 0.2%** | **Morocco 0.2%** |
| 160000 | Kingdom of Morocco, 4.75%, due 4/2/2035 | &nbsp;&nbsp; **179858**<br> <sup>(c)</sup><br>|
| **Nigeria 0.8%** | **Nigeria 0.8%** | **Nigeria 0.8%** |
|  | Nigeria Government International Bonds |  |
| $400000 | 8.75%, due 1/21/2031 | &nbsp;&nbsp; 369488<br> <sup>(c)</sup><br>|
| 200000 | 7.88%, due 2/16/2032 | &nbsp;&nbsp; 173260<br> <sup>(c)</sup><br>|
| 200000 | 10.38%, due 12/9/2034 | &nbsp;&nbsp; 188856<br> <sup>(c)</sup><br>|
| 220000 | 8.25%, due 9/28/2051 | &nbsp;&nbsp; 163900<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **895504** |
| **Oman 0.6%** | **Oman 0.6%** | **Oman 0.6%** |
|  | Oman Government International Bonds |  |
| 215000 | 6.75%, due 1/17/2048 | &nbsp;&nbsp; 217509<br> <sup>(c)</sup><br>|
| 400000 | 7.00%, due 1/25/2051 | &nbsp;&nbsp; 416033<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **633542** |
| **Panama 0.2%** | **Panama 0.2%** | **Panama 0.2%** |
|  | Panama Government International Bonds |  |
| 100000 | 6.70%, due 1/26/2036 | &nbsp;&nbsp; 96338 |
| 266000 | 3.87%, due 7/23/2060 | &nbsp;&nbsp; 143598 |
|  |  | &nbsp;&nbsp; **239936** |
| **Papua New Guinea 0.2%** | **Papua New Guinea 0.2%** | **Papua New Guinea 0.2%** |
| 200000 | Papua New Guinea Government International Bonds, 8.38%, due 10/4/2028 | &nbsp;&nbsp; **194236**<br> <sup>(c)</sup><br>|
| **Paraguay 0.3%** | **Paraguay 0.3%** | **Paraguay 0.3%** |
| 430000 | Paraguay Government International Bonds, 6.10%, due 8/11/2044 | &nbsp;&nbsp; **403662**<br> <sup>(c)</sup><br>|
| **Peru 1.1%** | **Peru 1.1%** | **Peru 1.1%** |
| 2194000 | Peru Government Bonds, 5.35%, due 8/12/2040 | &nbsp;&nbsp; 498845 |
|  | Peruvian Government International Bonds |  |
| 427000 | 5.40%, due 8/12/2034 | &nbsp;&nbsp; 107277<br> <sup>(c)</sup><br>|
| $130000 | 5.38%, due 2/8/2035 | &nbsp;&nbsp; 127993 |
| 100000 | 6.55%, due 3/14/2037 | &nbsp;&nbsp; 105875 |
| 819000 | 6.90%, due 8/12/2037 | &nbsp;&nbsp; 220673<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Peru – cont'd** | **Peru – cont'd** | **Peru – cont'd** |
| 500000 | 7.60%, due 8/12/2039 | &nbsp;&nbsp; $141693<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1202356** |
| **Philippines 0.9%** | **Philippines 0.9%** | **Philippines 0.9%** |
|  | Philippines Government Bonds |  |
| 18940000 | 6.50%, due 5/19/2029 | &nbsp;&nbsp; 346332 |
| 5900000 | 6.63%, due 8/17/2033 | &nbsp;&nbsp; 108367 |
| 7610000 | 6.25%, due 1/25/2034 | &nbsp;&nbsp; 136360 |
| 15050000 | 6.38%, due 4/28/2035 | &nbsp;&nbsp; 271523 |
| 8280000 | 6.88%, due 5/23/2044 | &nbsp;&nbsp; 154810 |
|  |  | &nbsp;&nbsp; **1017392** |
| **Poland 4.0%** | **Poland 4.0%** | **Poland 4.0%** |
|  | Bank Gospodarstwa Krajowego |  |
| $200000 | 5.38%, due 5/22/2033 | &nbsp;&nbsp; 201307<br> <sup>(c)</sup><br>|
| 250000 | 5.75%, due 7/9/2034 | &nbsp;&nbsp; 255469<br> <sup>(c)</sup><br>|
|  | Republic of Poland Government Bonds |  |
| 1541000 | 7.50%, due 7/25/2028 | &nbsp;&nbsp; 444894 |
| 3742000 | 4.75%, due 7/25/2029 | &nbsp;&nbsp; 995517 |
| 340000 | 5.00%, due 1/25/2030 | &nbsp;&nbsp; 91293 |
| 4608000 | 1.75%, due 4/25/2032 | &nbsp;&nbsp; 995304 |
| 2748000 | 6.00%, due 10/25/2033 | &nbsp;&nbsp; 770990 |
| 2964000 | 5.00%, due 10/25/2034 | &nbsp;&nbsp; 772625 |
|  |  | &nbsp;&nbsp; **4527399** |
| **Romania 3.0%** | **Romania 3.0%** | **Romania 3.0%** |
|  | Romania Government Bonds |  |
| 1910000 | 8.00%, due 4/29/2030 | &nbsp;&nbsp; 442997 |
| 2105000 | 7.35%, due 4/28/2031 | &nbsp;&nbsp; 474651 |
| 1055000 | 6.70%, due 2/25/2032 | &nbsp;&nbsp; 230383 |
| 2275000 | 8.25%, due 9/29/2032 | &nbsp;&nbsp; 536417 |
| 2100000 | 7.10%, due 7/31/2034 | &nbsp;&nbsp; 464766 |
| 385000 | 4.75%, due 10/11/2034 | &nbsp;&nbsp; 71293 |
|  | Romania Government International Bonds |  |
| 770000 | 2.00%, due 1/28/2032 | &nbsp;&nbsp; 687423<br> <sup>(c)</sup><br>|
| 102000 | 6.38%, due 9/18/2033 | &nbsp;&nbsp; 116205<br> <sup>(c)</sup><br>|
| $110000 | 5.75%, due 3/24/2035 | &nbsp;&nbsp; 97564<br> <sup>(c)</sup><br>|
| 248000 | 7.50%, due 2/10/2037 | &nbsp;&nbsp; 247105<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **3368804** |
| **Saudi Arabia 0.3%** | **Saudi Arabia 0.3%** | **Saudi Arabia 0.3%** |
| 360000 | Saudi Government International Bonds, 5.63%, due 1/13/2035 | &nbsp;&nbsp; **372330**<br> <sup>(c)</sup><br>|
| **Senegal 0.1%** | **Senegal 0.1%** | **Senegal 0.1%** |
| 100000 | Senegal Government International Bonds, 4.75%, due 3/13/2028 | &nbsp;&nbsp; **95447**<br> <sup>(c)</sup><br>|
| **South Africa 4.7%** | **South Africa 4.7%** | **South Africa 4.7%** |
|  | Republic of South Africa Government Bonds |  |
| 9753693 | 8.50%, due 1/31/2037 | &nbsp;&nbsp; 435291 |
| 6328568 | 10.88%, due 3/31/2038 | &nbsp;&nbsp; 331223 |
| 27795205 | 9.00%, due 1/31/2040 | &nbsp;&nbsp; 1225718 |
| 17803017 | 6.50%, due 2/28/2041 | &nbsp;&nbsp; 615438 |
| 42951873 | 8.75%, due 1/31/2044 | &nbsp;&nbsp; 1790128 |
| 2180248 | 8.75%, due 2/28/2048 | &nbsp;&nbsp; 89456 |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **South Africa – cont'd** | **South Africa – cont'd** | **South Africa – cont'd** |
|  | Republic of South Africa Government International Bonds |  |
| $285000 | 7.10%, due 11/19/2036 | &nbsp;&nbsp; $272023<br> <sup>(c)</sup><br>|
| 273000 | 5.65%, due 9/27/2047 | &nbsp;&nbsp; 196123 |
| 240000 | 5.75%, due 9/30/2049 | &nbsp;&nbsp; 171908 |
| 200000 | 7.30%, due 4/20/2052 | &nbsp;&nbsp; 171525 |
|  |  | &nbsp;&nbsp; **5298833** |
| **Sri Lanka 0.7%** | **Sri Lanka 0.7%** | **Sri Lanka 0.7%** |
|  | Sri Lanka Government International Bonds |  |
| 196746 | 4.00%, due 4/15/2028 | &nbsp;&nbsp; 180278<br> <sup>(b)</sup><br>|
| 156872 | 3.35%, due 3/15/2033 | &nbsp;&nbsp; 108634<br> <sup>(b)(j)</sup><br>|
| 261228 | 3.60%, due 6/15/2035 | &nbsp;&nbsp; 168336<br> <sup>(b)(j)</sup><br>|
| 181298 | 3.60%, due 5/15/2036 | &nbsp;&nbsp; 126002<br> <sup>(b)(j)</sup><br>|
| 362749 | 3.60%, due 2/15/2038 | &nbsp;&nbsp; 253924<br> <sup>(b)(j)</sup><br>|
|  |  | &nbsp;&nbsp; **837174** |
| **Thailand 3.1%** | **Thailand 3.1%** | **Thailand 3.1%** |
|  | Thailand Government Bonds |  |
| 3458000 | 2.80%, due 6/17/2034 | &nbsp;&nbsp; 111303 |
| 33226000 | 2.41%, due 3/17/2035 | &nbsp;&nbsp; 1040032 |
| 5000000 | 1.60%, due 6/17/2035 | &nbsp;&nbsp; 145344 |
| 11901000 | 3.39%, due 6/17/2037 | &nbsp;&nbsp; 406999 |
| 10116000 | 3.30%, due 6/17/2038 | &nbsp;&nbsp; 344354 |
| 20826000 | 3.45%, due 6/17/2043 | &nbsp;&nbsp; 712369 |
| 22026000 | 2.98%, due 6/17/2045 | &nbsp;&nbsp; 706765 |
| 1248000 | 2.88%, due 6/17/2046 | &nbsp;&nbsp; 39413 |
|  |  | &nbsp;&nbsp; **3506579** |
| **Turkey 2.4%** | **Turkey 2.4%** | **Turkey 2.4%** |
|  | Hazine Mustesarligi Varlik Kiralama AS |  |
| $300000 | 8.51%, due 1/14/2029 | &nbsp;&nbsp; 317618<br> <sup>(b)</sup><br>|
| 220000 | 6.50%, due 4/26/2030 | &nbsp;&nbsp; 218068<br> <sup>(b)</sup><br>|
|  | Turkiye Government Bonds |  |
| 27919929 | 31.08%, due 11/8/2028 | &nbsp;&nbsp; 639446 |
| 3817855 | 17.80%, due 7/13/2033 | &nbsp;&nbsp; 59443 |
| 58412576 | 26.20%, due 10/5/2033 | &nbsp;&nbsp; 1261668 |
| $251000 | Turkiye Government International Bonds, 7.63%, due 5/15/2034 | &nbsp;&nbsp; 249995 |
|  |  | &nbsp;&nbsp; **2746238** |
| **Uganda 0.3%** | **Uganda 0.3%** | **Uganda 0.3%** |
|  | Republic of Uganda Government Bonds |  |
| 363300000 | 14.38%, due 2/3/2033 | &nbsp;&nbsp; 86562 |
| 1158500000 | 14.25%, due 6/22/2034 | &nbsp;&nbsp; 270653 |
|  |  | &nbsp;&nbsp; **357215** |
| **Ukraine 0.3%** | **Ukraine 0.3%** | **Ukraine 0.3%** |
|  | Ukraine Government GDP-Linked Securities |  |
| $370000 | Expires 8/1/2041<sup>(k)</sup> <br>| &nbsp;&nbsp; 263435<br> <sup>(c)(l)</sup><br>|
| 49000 | Expires 8/1/2041<sup>(k)</sup> <br>| &nbsp;&nbsp; 34887<br> <sup>(b)(l)</sup><br>|
|  | Ukraine Government International Bonds |  |
| 12306 | 1.75%, due 2/1/2029 | &nbsp;&nbsp; 7681<br> <sup>(c)(j)</sup><br>|
| 15274 | 0.00%, due 2/1/2030 | &nbsp;&nbsp; 7622<br> <sup>(c)(j)</sup><br>|
| 48235 | 0.00%, due 2/1/2035 | &nbsp;&nbsp; 24267<br> <sup>(c)(j)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Ukraine – cont'd** | **Ukraine – cont'd** | **Ukraine – cont'd** |
| $40196 | 0.00%, due 2/1/2036 | &nbsp;&nbsp; $20665<br> <sup>(c)(j)</sup><br>|
|  |  | &nbsp;&nbsp; **358557** |
| **Uruguay 0.1%** | **Uruguay 0.1%** | **Uruguay 0.1%** |
| 6313157 | Uruguay Government International Bonds, 8.25%, due 5/21/2031 | &nbsp;&nbsp; **140418** |
| **Uzbekistan 0.2%** | **Uzbekistan 0.2%** | **Uzbekistan 0.2%** |
| $200000 | Uzbekneftegaz JSC, 4.75%, due 11/16/2028 | &nbsp;&nbsp; **180630**<br> <sup>(b)</sup><br>|
| **Venezuela 0.0%**<sup>‡</sup> | **Venezuela 0.0%**<sup>‡</sup> | **Venezuela 0.0%**<sup>‡</sup> |
| 436200 | Venezuela Government International Bonds, 8.25%, due 10/13/2024 | &nbsp;&nbsp; **62158**<br> <sup>(c)(i)</sup><br>|
| **Zambia 0.8%** | **Zambia 0.8%** | **Zambia 0.8%** |
|  | Zambia Government Bonds |  |
| 1499000 | 10.00%, due 11/27/2026 | &nbsp;&nbsp; 50208 |
| 685000 | 13.00%, due 12/5/2026 | &nbsp;&nbsp; 23913 |
| 1242000 | 14.00%, due 11/23/2027 | &nbsp;&nbsp; 42233 |
| 535000 | 19.90%, due 11/25/2027 | &nbsp;&nbsp; 20768 |
| 9863000 | 13.00%, due 1/25/2031 | &nbsp;&nbsp; 299601 |
|  | Zambia Government International Bonds |  |
| $294812 | 5.75%, due 6/30/2033 | &nbsp;&nbsp; 256103<br> <sup>(c)(j)</sup><br>|
| 451682 | 0.50%, due 12/31/2053 | &nbsp;&nbsp; 257323<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **950149** |
| **Total Foreign Government Securities (Cost $72,553,248)** | **Total Foreign Government Securities (Cost $72,553,248)** | &nbsp;&nbsp; **72485572** |
| Number of Shares | Number of Shares |  |
| **Short-Term Investments 2.2%** | **Short-Term Investments 2.2%** | **Short-Term Investments 2.2%** |
| **Investment Companies 2.2%** | **Investment Companies 2.2%** | **Investment Companies 2.2%** |
| 2562441 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, 4.29%<sup>(m)</sup> <br> **(Cost $2,562,441)**<br>| &nbsp;&nbsp; **2562441** |
| **Total Investments 94.8% (Cost $109,783,766)** | **Total Investments 94.8% (Cost $109,783,766)** | &nbsp;&nbsp; **107419692** |
| Other Assets Less Liabilities 5.2% | Other Assets Less Liabilities 5.2% | &nbsp;&nbsp; 5858502<br> <sup>(n)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$113278194** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(a) Principal amount is stated in the currency in which the security is denominated.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $17,165,740, which represents 15.2% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security exempt from registration pursuant to Regulation S under the Securities Act
 of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States
 and do not involve directed selling efforts in the United States and as such may have restrictions on
 resale. Total value of all such securities at April 30, 2025 amounted to $30,903,572, which represents 27.3%
 of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Payment-in-kind (PIK) security.

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(g) When-issued security. Total value of all such securities at April 30, 2025 amounted
 to $270,394, which represents 0.2% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(h) All or a portion of this security was purchased on a delayed delivery basis.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Security represented in Notional Amount.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Contingent annual payments linked to Ukraine's GDP growth.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Represents 7-day effective yield as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Includes the impact of the Fund's open positions in derivatives at April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY INDUSTRY** | **POSITIONS BY INDUSTRY** | **POSITIONS BY INDUSTRY** |
| **Industry** | **Investments at** <br>**Value**<br>| **Percentage of** <br>**Net Assets**<br>|
| Foreign Government\* | &nbsp;&nbsp; $71109766 | 62.8<br> %<br>|
| Oil & Gas | &nbsp;&nbsp; 7001977 | 6.2<br> %<br>|
| Banks | &nbsp;&nbsp; 5375267 | 4.7<br> %<br>|
| Multi-National | &nbsp;&nbsp; 3244985 | 2.9<br> %<br>|
| Electric | &nbsp;&nbsp; 2888050 | 2.6<br> %<br>|
| Telecommunications | &nbsp;&nbsp; 2302295 | 2.0<br> %<br>|
| Mining | &nbsp;&nbsp; 1743055 | 1.5<br> %<br>|
| Lodging | &nbsp;&nbsp; 1155671 | 1.0<br> %<br>|
| Pipelines | &nbsp;&nbsp; 1148650 | 1.0<br> %<br>|
| Commercial Services | &nbsp;&nbsp; 835615 | 0.7<br> %<br>|
| Chemicals | &nbsp;&nbsp; 810888 | 0.7<br> %<br>|
| Insurance | &nbsp;&nbsp; 724601 | 0.6<br> %<br>|
| Real Estate | &nbsp;&nbsp; 647250 | 0.6<br> %<br>|
| Airlines | &nbsp;&nbsp; 560501 | 0.5<br> %<br>|
| Forest Products & Paper | &nbsp;&nbsp; 545836 | 0.5<br> %<br>|
| Engineering & Construction | &nbsp;&nbsp; 467013 | 0.4<br> %<br>|
| Semiconductors | &nbsp;&nbsp; 417443 | 0.4<br> %<br>|
| Iron - Steel | &nbsp;&nbsp; 395348 | 0.3<br> %<br>|
| Building Materials | &nbsp;&nbsp; 393032 | 0.3<br> %<br>|
| Diversified Financial Services | &nbsp;&nbsp; 388244 | 0.3<br> %<br>|
| Internet | &nbsp;&nbsp; 311135 | 0.3<br> %<br>|
| Retail | &nbsp;&nbsp; 305386 | 0.3<br> %<br>|
| Energy - Alternate Sources | &nbsp;&nbsp; 232360 | 0.2<br> %<br>|
| Food | &nbsp;&nbsp; 218470 | 0.2<br> %<br>|
| Transportation | &nbsp;&nbsp; 213363 | 0.2<br> %<br>|
| Oil & Gas Services | &nbsp;&nbsp; 203192 | 0.2<br> %<br>|
| Real Estate Investment Trusts | &nbsp;&nbsp; 197993 | 0.2<br> %<br>|
| Media | &nbsp;&nbsp; 187973 | 0.2<br> %<br>|
| Beverages | &nbsp;&nbsp; 186608 | 0.2<br> %<br>|
| Entertainment | &nbsp;&nbsp; 177083 | 0.2<br> %<br>|
| Packaging & Containers | &nbsp;&nbsp; 174085 | 0.2<br> %<br>|
| Healthcare - Services | &nbsp;&nbsp; 152751 | 0.1<br> %<br>|
| Pharmaceuticals | &nbsp;&nbsp; 141365 | 0.1<br> %<br>|
| Short-Term Investments and Other Assets—Net | &nbsp;&nbsp; 8420943 | 7.4<br> %<br>|
|  | &nbsp;&nbsp; **$113278194** | **100.0%**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Does not constitute an industry.

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At April 30, 2025, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Open Contracts** | **Notional** <br>**Amount**<br>| **Value and** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 6/2025 | &nbsp;&nbsp; 2 | Euro-Schatz | &nbsp;&nbsp; $243721 | &nbsp;&nbsp; $1470 |
| 6/2025 | &nbsp;&nbsp; 72 | Korea Bond, 3 Year | &nbsp;&nbsp; 5463187 | &nbsp;&nbsp; 32701 |
| 6/2025 | &nbsp;&nbsp; 5 | U.S. Treasury Long Bond | &nbsp;&nbsp; 583125 | &nbsp;&nbsp; 3585 |
| 6/2025 | &nbsp;&nbsp; 13 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp; 1458844 | (649) |
| 6/2025 | &nbsp;&nbsp; 8 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp; 1665188 | &nbsp;&nbsp; 15863 |
| 6/2025 | &nbsp;&nbsp; 68 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp; 7425281 | &nbsp;&nbsp; 107553 |
| 6/2025 | &nbsp;&nbsp; 1 | U.S. Treasury Ultra Bond | &nbsp;&nbsp; 121031 | &nbsp;&nbsp; 2186 |
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp; **$16960377** | &nbsp;&nbsp; **$162709** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Open Contracts** | **Notional** <br>**Amount**<br>| **Value and** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 6/2025 | &nbsp;&nbsp; 5 | Euro-Bobl | &nbsp;&nbsp; $(677615) | &nbsp;&nbsp; $(6690) |
| 6/2025 | &nbsp;&nbsp; 13 | Euro-Bund | &nbsp;&nbsp; (1940732) | &nbsp;&nbsp; (19935) |
| 6/2025 | &nbsp;&nbsp; 4 | Euro-Buxl Bond, 30 Year | &nbsp;&nbsp; (562347) | &nbsp;&nbsp; 9963 |
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp; **$(3180694)** | &nbsp;&nbsp; **$(16662)** |
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp; **$146047** |

---

At April 30, 2025, the Fund had $386,974 deposited in a segregated account to cover margin requirements on open futures.

For the six months ended April 30, 2025, the average notional value for the months where the Fund had futures outstanding was $13,474,105 for long positions and $(6,521,412) for short positions.

**Forward foreign currency contracts ("forward FX contracts")**

At April 30, 2025, open forward FX contracts for the Fund were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| ARS | 212064910 | USD | 138605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6756 |
| ARS | 211953589 | USD | 138532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6752 |
| ARS | 139376030 | USD | 91695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/22/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3790 |
| BRL | 3365059 | USD | 578404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7306 |
| BRL | 14568246 | USD | 2512724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22970 |
| USD | 748676 | CLP | 690045616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20154 |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| USD | 141039 | CLP | 131612907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2087 |
| CNH | 440971 | USD | 60605 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 254 |
| CNH | 8800771 | USD | 1211241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5281 |
| USD | 1446641 | CNH | 10503508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1133 |
| USD | 64615 | CNH | 467006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163 |
| USD | 357150 | CNH | 2587304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73 |
| COP | 4410866948 | USD | 983982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53307 |
| COP | 1190506885 | USD | 267370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12598 |
| COP | 2595526417 | USD | 592390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17992 |
| COP | 2727751500 | USD | 622348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19129 |
| USD | 173869 | COP | 722310804 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4006 |
| USD | 82552 | COP | 346288766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1117 |
| USD | 661177 | COP | 2773400572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8966 |
| USD | 2129362 | COP | 8962465115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21688 |
| CZK | 24979717 | EUR | 994997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4985 |
| CZK | 24437641 | EUR | 974453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3687 |
| CZK | 5190676 | EUR | 207459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 238 |
| CZK | 1196546 | EUR | 47531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 386 |
| CZK | 3696290 | EUR | 147099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 888 |
| EGP | 8146504 | USD | 147117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4155 |
| USD | 152732 | EGP | 8178824 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 860 |
| EUR | 241710 | HUF | 97651037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1638 |
| EUR | 190475 | HUF | 77015478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1113 |
| EUR | 110436 | HUF | 44493060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1092 |
| EUR | 923659 | HUF | 370519386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13637 |
| EUR | 917122 | HUF | 369464364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9159 |
| EUR | 867643 | PLN | 3676705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14020 |
| EUR | 855151 | PLN | 3649454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7031 |
| EUR | 181272 | PLN | 764457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3906 |
| EUR | 916892 | PLN | 3860920 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21285 |
| EUR | 614779 | PLN | 2581525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16183 |
| EUR | 582608 | PLN | 2452600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13707 |
| EUR | 185115 | PLN | 779760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4228 |
| EUR | 157550 | PLN | 664142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3467 |
| EUR | 74049 | PLN | 317231 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286 |
| EUR | 582147 | USD | 643833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15653 |
| EUR | 165658 | USD | 183599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4066 |
| EUR | 569951 | USD | 631596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14073 |
| EUR | 1860076 | USD | 2009589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97599 |
| EUR | 582149 | USD | 643140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16348 |
| EUR | 377438 | USD | 414818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12763 |
| EUR | 417625 | USD | 452005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21102 |
| EUR | 569950 | USD | 631183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14485 |
| EUR | 359053 | USD | 397622 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9131 |
| EUR | 506464 | USD | 548494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25254 |
| EUR | 137874 | USD | 152287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3904 |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| EUR | 277450 | USD | 309082 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5227 |
| EUR | 131410 | USD | 145326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3542 |
| EUR | 2633766 | USD | 2870875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113150 |
| EUR | 285842 | USD | 315118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10007 |
| EUR | 281207 | USD | 312022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7871 |
| USD | 3226772 | EUR | 2845237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3543 |
| USD | 583538 | EUR | 513149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2217 |
| USD | 119830 | EUR | 105402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 425 |
| USD | 180222 | EUR | 158932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176 |
| USD | 1031670 | EUR | 905770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5568 |
| USD | 181004 | EUR | 158593 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/4/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1016 |
| IDR | 2023904000 | USD | 120591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1485 |
| USD | 139276 | IDR | 2281853944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1642 |
| USD | 614574 | IDR | 10148454841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2449 |
| USD | 614949 | IDR | 10148454841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2824 |
| ILS | 2370907 | USD | 642435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9094 |
| INR | 67307352 | USD | 785169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9416 |
| INR | 52453473 | USD | 615027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4152 |
| INR | 52137798 | USD | 611490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3962 |
| INR | 59182724 | USD | 681585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16033 |
| INR | 59182724 | USD | 681610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16008 |
| INR | 26592367 | USD | 306958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6320 |
| INR | 41298214 | USD | 480480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6044 |
| JPY | 217010859 | USD | 1442057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77417 |
| JPY | 253342006 | USD | 1720675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53583 |
| JPY | 171405529 | USD | 1195851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7550 |
| USD | 1776500 | JPY | 253342006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2242 |
| KRW | 777634420 | USD | 538651 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7755 |
| USD | 608248 | KRW | 861614084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2834 |
| KZT | 181195772 | USD | 346124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5043 |
| KZT | 86003132 | USD | 166592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86 |
| USD | 392681 | KZT | 201248923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2650 |
| MXN | 16579390 | USD | 821047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24268 |
| MXN | 40034822 | USD | 1981946 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59267 |
| MXN | 22175117 | USD | 1075026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55592 |
| MXN | 14327819 | USD | 694456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36061 |
| MXN | 13616609 | USD | 662443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31812 |
| MXN | 2016201 | USD | 96359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6439 |
| MXN | 3930565 | USD | 200094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309 |
| MXN | 86092056 | USD | 4144321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245162 |
| MXN | 12094983 | USD | 603968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12706 |
| MXN | 26545684 | USD | 1315096 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38360 |
| MXN | 5959092 | USD | 291531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12298 |
| MXN | 3037702 | USD | 146707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8173 |
| MXN | 2171199 | USD | 108240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2461 |
| MYR | 2988127 | USD | 671519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22187 |

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| MYR | 3214503 | USD | 728384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17877 |
| MYR | 3214503 | USD | 730220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16040 |
| MYR | 810696 | USD | 184404 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4035 |
| MYR | 3231006 | USD | 732156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18864 |
| NGN | 330684807 | USD | 199208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5744 |
| NGN | 139557708 | USD | 84709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1787 |
| NGN | 390793685 | USD | 199181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20135 |
| NGN | 362229012 | USD | 202024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1261 |
| USD | 369517 | NGN | 577924731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11331 |
| USD | 86732 | NGN | 146751244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4375 |
| PEN | 322153 | USD | 87570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177 |
| PHP | 8610406 | USD | 151736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2473 |
| PLN | 3700290 | EUR | 855531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5971 |
| RON | 2803991 | EUR | 561295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1518 |
| RON | 1380860 | EUR | 276430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 732 |
| USD | 111 | SGD | 145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| THB | 21669976 | USD | 635646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13447 |
| THB | 24564213 | USD | 726483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9302 |
| THB | 41737372 | USD | 1239380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14040 |
| THB | 35774890 | USD | 1064704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9656 |
| THB | 41737371 | USD | 1241334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12087 |
| THB | 3666605 | USD | 107433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2679 |
| TRY | 3716183 | USD | 94040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| TRY | 19411609 | USD | 425413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65842 |
| TRY | 18409631 | USD | 422821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43077 |
| TRY | 12641307 | USD | 318621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1296 |
| TRY | 3887421 | USD | 98359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| USD | 158274 | TRY | 6157373 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2447 |
| USD | 126262 | TRY | 4917360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1817 |
| USD | 109819 | ZAR | 2008782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1921 |
| USD | 171664 | ZAR | 3167076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1549 |
| USD | 778304 | ZAR | 14275544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11516 |
| USD | 143316 | ZAR | 2665048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167 |
| ZAR | 18126162 | USD | 926752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46866 |
| ZAR | 6070333 | USD | 320486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5573 |
| ZAR | 2428417 | USD | 130235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 203 |
| ZAR | 16906664 | USD | 887821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20294 |
| ZAR | 6070333 | USD | 321948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4110 |
| ZAR | 4291723 | USD | 229672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851 |
| **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$1903365** |
| BRL | 3723952 | USD | 652069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3892)<br>|
| BRL | 3440963 | USD | 602547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3625)<br>|
| USD | 265589 | BRL | 1583176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9973)<br>|
| USD | 605117 | BRL | 3607102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22722)<br>|
| USD | 169608 | BRL | 975985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (269)<br>|
| USD | 177284 | BRL | 1026721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1423)<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| CLP | 1314684765 | USD | 1400769 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(12778)<br>|
| USD | 344868 | CLP | 327229965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (608)<br>|
| USD | 991367 | CLP | 1000289175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (64698)<br>|
| CNH | 10503508 | USD | 1453260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7752)<br>|
| CNH | 149199 | USD | 20600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9)<br>|
| CNH | 1923826 | USD | 265589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (80)<br>|
| CNH | 10251276 | USD | 1416360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1570)<br>|
| USD | 50947 | CNH | 370755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (222)<br>|
| USD | 633530 | CNH | 4612781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4091)<br>|
| USD | 633889 | CNH | 4610838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3463)<br>|
| USD | 3719201 | CNH | 27077160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23649)<br>|
| COP | 2706917170 | USD | 646351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5835)<br>|
| USD | 607541 | COP | 2706917170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32975)<br>|
| USD | 96648 | COP | 411262208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67)<br>|
| USD | 575876 | COP | 2452078659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (772)<br>|
| USD | 294432 | COP | 1281110867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6843)<br>|
| CZK | 3110067 | EUR | 124477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (56)<br>|
| CZK | 4127693 | EUR | 165230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (101)<br>|
| EUR | 118697 | CZK | 2974191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (335)<br>|
| EUR | 873541 | CZK | 21906974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3307)<br>|
| EUR | 852646 | CZK | 21491916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8179)<br>|
| EUR | 124365 | CZK | 3112090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (162)<br>|
| EUR | 155032 | CZK | 3890549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (705)<br>|
| EUR | 856134 | CZK | 21627924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10398)<br>|
| EUR | 98914 | HUF | 40224289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65)<br>|
| EUR | 186137 | PLN | 802815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (703)<br>|
| EUR | 955958 | RON | 4784789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4684)<br>|
| EUR | 156650 | RON | 782668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (449)<br>|
| EUR | 135756 | RON | 679146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (587)<br>|
| EUR | 456038 | USD | 519072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2449)<br>|
| EUR | 428775 | USD | 489548 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3810)<br>|
| EUR | 2845237 | USD | 3232606 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/4/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3538)<br>|
| EUR | 152120 | USD | 173126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/4/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (485)<br>|
| USD | 313492 | EUR | 288318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13129)<br>|
| USD | 163057 | EUR | 150681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7642)<br>|
| USD | 606245 | EUR | 554856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22324)<br>|
| USD | 312708 | EUR | 288849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14515)<br>|
| USD | 1253520 | EUR | 1159127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59598)<br>|
| USD | 5178011 | EUR | 4775022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (231375)<br>|
| USD | 2841144 | EUR | 2633766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (142881)<br>|
| HUF | 100737752 | EUR | 249602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1975)<br>|
| HUF | 619439030 | EUR | 1526276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2454)<br>|
| HUF | 368746656 | EUR | 908807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1720)<br>|
| HUF | 356845230 | EUR | 882875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5527)<br>|
| HUF | 407870465 | EUR | 1009851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7151)<br>|
| USD | 130039 | IDR | 2188723791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1979)<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| USD | 157729 | IDR | 2623183085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(494)<br>|
| USD | 121910 | IDR | 2052104765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1867)<br>|
| USD | 74357 | IDR | 1237669877 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (295)<br>|
| USD | 131673 | IDR | 2209518438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1599)<br>|
| USD | 622588 | ILS | 2370907 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (28941)<br>|
| USD | 613337 | INR | 52320655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/22/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4325)<br>|
| USD | 1222258 | INR | 104652426 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13095)<br>|
| USD | 733943 | INR | 64192375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22726)<br>|
| USD | 731717 | INR | 64047450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23243)<br>|
| USD | 1397425 | INR | 123018753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (51828)<br>|
| USD | 431942 | INR | 38020424 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15967)<br>|
| USD | 73999 | INR | 6483642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2383)<br>|
| USD | 156701 | INR | 13497259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2307)<br>|
| USD | 280298 | INR | 24585644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9339)<br>|
| USD | 175293 | INR | 15103398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2636)<br>|
| USD | 188139 | INR | 16194464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2644)<br>|
| USD | 234477 | INR | 20521177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7278)<br>|
| JPY | 161940572 | USD | 1138798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1848)<br>|
| USD | 1465714 | JPY | 217010859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/12/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53760)<br>|
| KRW | 68113577 | USD | 48229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (286)<br>|
| USD | 143317 | KRW | 208025400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3106)<br>|
| KZT | 98728143 | USD | 192172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (831)<br>|
| KZT | 106793582 | USD | 208989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2018)<br>|
| KZT | 98509247 | USD | 191932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1016)<br>|
| KZT | 144401543 | USD | 272842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4495)<br>|
| KZT | 181845190 | USD | 340853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2923)<br>|
| USD | 306947 | KZT | 166297775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2090)<br>|
| USD | 399257 | KZT | 217176019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4329)<br>|
| USD | 626640 | MXN | 13077940 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (40151)<br>|
| USD | 746199 | MXN | 14685180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2538)<br>|
| USD | 711235 | MXN | 14363259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21089)<br>|
| USD | 833774 | MXN | 17413932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (54092)<br>|
| USD | 1151474 | MXN | 23762014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60055)<br>|
| USD | 668300 | MXN | 13459256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17933)<br>|
| USD | 1013666 | MXN | 20655136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39455)<br>|
| USD | 1987871 | MXN | 40034822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53341)<br>|
| USD | 130533 | MXN | 2611867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2636)<br>|
| USD | 182536 | MXN | 3731035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7694)<br>|
| USD | 252901 | MXN | 5238483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14188)<br>|
| USD | 214874 | MXN | 4396845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9304)<br>|
| USD | 122208 | MYR | 527024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (142)<br>|
| USD | 179235 | MYR | 794011 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5098)<br>|
| USD | 251450 | MYR | 1116439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7736)<br>|
| NGN | 107682216 | USD | 67092 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (353)<br>|
| NGN | 108668118 | USD | 64799 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3814)<br>|
| NGN | 577924731 | USD | 344618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (20283)<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| NGN | 534315008 | USD | 314303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(14442)<br>|
| USD | 136198 | NGN | 247743778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2838)<br>|
| USD | 244056 | NGN | 444181659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5222)<br>|
| USD | 265606 | PHP | 15050000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3933)<br>|
| USD | 863396 | PHP | 50003317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (32143)<br>|
| PLN | 937378 | EUR | 222336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4858)<br>|
| PLN | 2559780 | EUR | 608948 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15305)<br>|
| PLN | 11677847 | EUR | 2757483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (46460)<br>|
| PLN | 555455 | EUR | 131892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3042)<br>|
| USD | 673452 | SGD | 883300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3441)<br>|
| THB | 1768311 | USD | 53271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (166)<br>|
| THB | 20441622 | USD | 618207 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4052)<br>|
| USD | 362362 | THB | 12297991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6006)<br>|
| USD | 723246 | THB | 24597586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13539)<br>|
| USD | 725067 | THB | 24595728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11662)<br>|
| USD | 182222 | THB | 6233226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4485)<br>|
| USD | 402044 | THB | 13543675 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4688)<br>|
| USD | 112846 | THB | 3778507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (627)<br>|
| USD | 318933 | THB | 10859186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7180)<br>|
| USD | 93986 | THB | 3150964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (641)<br>|
| USD | 292760 | THB | 10014234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7979)<br>|
| USD | 7920 | THB | 265738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (60)<br>|
| USD | 314592 | THB | 10712998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7131)<br>|
| USD | 675604 | THB | 22613825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3813)<br>|
| USD | 105036 | THB | 3540159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/24/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1326)<br>|
| USD | 633236 | THB | 21650351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17904)<br>|
| USD | 1240731 | THB | 42441070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (35695)<br>|
| USD | 620703 | THB | 21389422 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/11/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22740)<br>|
| TRY | 4163594 | USD | 107151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1781)<br>|
| USD | 111980 | TRY | 4589780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4175)<br>|
| USD | 165216 | TRY | 6806572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7040)<br>|
| USD | 135709 | TRY | 5600168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6016)<br>|
| USD | 630860 | TWD | 20793146 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24921)<br>|
| USD | 427017 | ZAR | 8378018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22995)<br>|
| USD | 484305 | ZAR | 9025007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (459)<br>|
| USD | 949743 | ZAR | 18794449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59771)<br>|
| ZAR | 18002633 | USD | 983626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16643)<br>|
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(1812349)**<br>|
| **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$91016** |

---

For the six months ended April 30, 2025, the average notional value for the months where the Fund had forward FX contracts outstanding was $180,327,736.

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

**Credit default swap contracts ("credit default swaps")**

At April 30, 2025, the Fund had outstanding credit default swaps as follows:

**Centrally Cleared Credit Default Swaps — Buy Protection**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Clearinghouse | Reference <br>Entity<br>| Notional <br>Amount | Notional <br>Amount | Financing <br>Rate <br>Paid <br>by <br>the Fund<br>| Maturity <br>Date<br>| Upfront <br>Payments/ <br>(Receipts)<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| ICE CC | CDX Emerging <br>Markets Index, <br>Ser. 43 V.1<br>| USD | 1558000 | 1.00%<br> 3M | 6/20/2030 | $58575 | $10315 | $(1784)<br>| $67106 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

For the six months ended April 30, 2025, the average notional value for the months where the Fund had credit default swaps outstanding was $4,471,800 for buy protection.

**Interest rate swap contracts ("interest rate swaps")**

At April 30, 2025, the Fund had outstanding interest rate swaps as follows:

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Clearinghouse | Notional <br>Amount | Notional <br>Amount | Fund <br>Receives/ <br>Pays <br>Floating <br>Rate<br>| Floating <br>Rate Index<br>| Annual <br>Fixed- <br>Rate<br>| Effective <br>Date<sup>(a)</sup> <br>| Frequency <br>of Fund <br>Receipt/ <br>Payment<br>| Maturity <br>Date<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| CME | BRL | 947033 | Pay | 1D CETIP | 6.23% |  | T/T | 1/4/2027 | $(25407)<br>| $(34886)<br>| $(60293)<br>|
| LCH | BRL | 4796573 | Pay | 1D CETIP | 10.59% |  | T/T | 1/2/2026 | (24073)<br>| (11526)<br>| (35599)<br>|
| LCH | BRL | 2679778 | Pay | 1D CETIP | 10.17% |  | T/T | 1/4/2027 | (30506)<br>| (12258)<br>| (42764)<br>|
| LCH | BRL | 11210215 | Pay | 1D CETIP | 14.55% |  | T/T | 1/4/2027 | 20250 | 745 | 20995 |
| LCH | BRL | 7349181 | Pay | 1D CETIP | 14.24% |  | T/T | 1/3/2028 | 25985 | 262 | 26247 |
| LCH | BRL | 7497327 | Pay | 1D CETIP | 14.34% |  | T/T | 1/3/2028 | 29798 | 406 | 30204 |
| LCH | BRL | 2042008 | Pay | 1D CETIP | 14.45% |  | T/T | 1/2/2029 | 12560 | 605 | 13165 |
| CME | CLP | 179373543 | Receive | 1D CLICP | 2.33% |  | 6M/6M | 6/5/2030 | 19523 | 846 | 20369 |
| LCH | CLP | 95856111 | Pay | 1D CLICP | 5.36% |  | 6M/6M | 5/2/2027 | 1947 | 884 | 2831 |
| LCH | CLP | 281047765 | Receive | 1D CLICP | 5.12% |  | 6M/6M | 3/24/2030 | (7418)<br>| (31)<br>| (7449)<br>|
| LCH | CLP | 463419109 | Receive | 1D CLICP | 6.12% |  | 6M/6M | 10/24/2033 | (43202)<br>| 408 | (42794)<br>|
| LCH | CNY | 5400000 | Pay | 7D CNRR007 | 1.64% |  | 3M/3M | 3/3/2030 | 8196 | (673)<br>| 7523 |
| LCH | CNY | 5449863 | Pay | 7D CNRR007 | 1.66% |  | 3M/3M | 3/3/2030 | 8801 | (661)<br>| 8140 |
| LCH | COP | 7192068030 | Pay | 1D IBRCOL | 8.10% | 5/5/2025 | 3M/3M | 5/5/2027 | (944)<br>|  | (944)<br>|
| LCH | CZK | 37700000 | Pay | 6M PRIBOR | 3.23% |  | 1Y/6M | 4/23/2030 | (3261)<br>| (120)<br>| (3381)<br>|
| LCH | CZK | 8315680 | Pay | 6M PRIBOR | 3.25% | 5/2/2025 | 1Y/6M | 5/2/2030 | (218)<br>|  | (218)<br>|
| LCH | HUF | 116369043 | Pay | 6M BUBOR | 6.58% |  | 1Y/6M | 2/17/2030 | 9264 | (7)<br>| 9257 |
| LCH | HUF | 34378608 | Pay | 6M BUBOR | 6.48% |  | 1Y/6M | 12/10/2034 | 998 | (34)<br>| 964 |
| CME | MXN | 15558987 | Pay | 28D TIIE | 8.58% |  | 28D/28D | 12/11/2025 | 1101 | (458)<br>| 643 |
| LCH | MXN | 5238072 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/8/2025 | (13235)<br>| (207)<br>| (13442)<br>|
| LCH | MXN | 5238072 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/8/2025 | 13167 | 207 | 13374 |
| LCH | MXN | 8321392 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/11/2025 | (21290)<br>| (3076)<br>| (24366)<br>|
| LCH | MXN | 8321392 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/11/2025 | 21160 | 3060 | 24220 |
| LCH | MXN | 9462643 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/11/2025 | (24210)<br>| (3498)<br>| (27708)<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Clearinghouse | Notional<br> Amount | Notional<br> Amount | Fund<br> Receives/<br> Pays<br> Floating<br> Rate<br>| Floating<br> Rate Index<br>| Annual<br> Fixed-<br> Rate<br>| Effective<br> Date<sup>(a)</sup><br>| Frequency<br> of Fund<br> Receipt/<br> Payment<br>| Maturity<br> Date<br>| Unrealized<br> Appreciation/<br> (Depreciation)<br>| Accrued<br> Net<br> Interest<br> Receivable/<br> (Payable)<br>| Value |
| LCH | MXN | 9462643 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/11/2025 | $24062 | $3480 | $27542 |
| LCH | MXN | 7199364 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/15/2025 | (18715)<br>| (2266)<br>| (20981)<br>|
| LCH | MXN | 7199364 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/15/2025 | 18615 | 2269 | 20884 |
| LCH | MXN | 19274407 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/17/2025 | (50498)<br>| (5562)<br>| (56060)<br>|
| LCH | MXN | 19274407 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/17/2025 | 50233 | 5568 | 55801 |
| LCH | MXN | 17082356 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/19/2025 | (45105)<br>| (4481)<br>| (49586)<br>|
| LCH | MXN | 7986978 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/19/2025 | (21089)<br>| (2095)<br>| (23184)<br>|
| LCH | MXN | 8870529 | Receive | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/19/2025 | 23422 | 2327 | 25749 |
| LCH | MXN | 17082356 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/19/2025 | 44848 | 4485 | 49333 |
| LCH | MXN | 8870529 | Pay | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/19/2025 | (23288)<br>| (2330)<br>| (25618)<br>|
| LCH | MXN | 7986978 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/19/2025 | 20969 | 2098 | 23067 |
| LCH | MXN | 12389989 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/22/2025 | (33097)<br>| (2766)<br>| (35863)<br>|
| LCH | MXN | 12389989 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/22/2025 | 32927 | 2765 | 35692 |
| LCH | MXN | 18284249 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/22/2025 | (48842)<br>| (4082)<br>| (52924)<br>|
| LCH | MXN | 18284249 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/22/2025 | 48591 | 4081 | 52672 |
| LCH | MXN | 4500000 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/24/2025 | (12113)<br>| (886)<br>| (12999)<br>|
| LCH | MXN | 4500000 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/24/2025 | 12050 | 886 | 12936 |
| LCH | MXN | 13245849 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/25/2025 | (35929)<br>| (1739)<br>| (37668)<br>|
| LCH | MXN | 13245849 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/25/2025 | 35727 | 1739 | 37466 |
| LCH | MXN | 25805274 | Pay | 28D TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/29/2025 | (70781)<br>| (3389)<br>| (74170)<br>|
| LCH | MXN | 25805274 | Receive | 1D F-TIIE | 0.00% <br><sup>(b)</sup><br>|  | 28D/28D | 12/29/2025 | 70426 | 3388 | 73814 |
| LCH | MXN | 95360076 | Pay | 1D F-TIIE | 8.23% | 2/26/2027 | 28D/28D | 2/25/2028 | 30026 |  | 30026 |
| LCH | MXN | 21587983 | Pay | 1D F-TIIE | 8.68% |  | 28D/28D | 2/9/2029 | 39268 | (218)<br>| 39050 |
| LCH | MXN | 22715472 | Pay | 1D F-TIIE | 8.36% |  | 28D/28D | 2/21/2029 | 29377 | (173)<br>| 29204 |
| LCH | MXN | 17082356 | Pay | 1D F-TIIE | 8.77% |  | 28D/28D | 3/9/2029 | 27398 | (242)<br>| 27156 |
| LCH | MXN | 18284249 | Pay | 1D F-TIIE | 9.02% |  | 28D/28D | 7/30/2029 | 39105 | (110)<br>| 38995 |
| LCH | MXN | 25805274 | Pay | 1D F-TIIE | 8.80% |  | 28D/28D | 9/3/2029 | 45062 | (172)<br>| 44890 |
| LCH | PLN | 8478164 | Receive | 6M WIBOR | 4.81% |  | 6M/1Y | 4/3/2027 | (25394)<br>| 1611 | (23783)<br>|
| LCH | PLN | 5184383 | Receive | 6M WIBOR | 4.84% |  | 6M/1Y | 4/4/2027 | (16153)<br>| 914 | (15239)<br>|
| LCH | PLN | 12749353 | Receive | 6M WIBOR | 4.00% |  | 6M/1Y | 4/15/2027 | 4585 | 1878 | 6463 |
| LCH | PLN | 3238870 | Receive | 6M WIBOR | 4.20% |  | 6M/1Y | 4/10/2030 | (9611)<br>| 561 | (9050)<br>|
| LCH | PLN | 1379847 | Pay | 6M WIBOR | 5.06% |  | 1Y/6M | 2/17/2035 | 22053 | (560)<br>| 21493 |
| LCH | THB | 103379634 | Receive | 1D THOR | 1.20% | 5/4/2026 | 3M/3M | 5/4/2027 | 304 |  | 304 |
| Total |  |  |  |  |  |  |  |  | $187419 | $(53033)<br>| $134386 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Forward swap. Effective date, if any, reflects the date interest accruals will commence.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Zero coupon swap.

At April 30, 2025, the Fund had $470,262 deposited in a segregated account to cover margin requirements for centrally cleared swaps.

For the six months ended April 30, 2025, the average notional value for the months where the Fund had interest rate swaps outstanding was $10,981,841 when the Fund paid the fixed rate and $25,531,797 when the Fund received the fixed rate.

**Over-the-counter purchased option contracts ("options purchased")**

At April 30, 2025, the Fund did not have any outstanding options purchased.

See Notes to Financial Statements

------

Schedule of Investments Emerging Markets Debt Fund^ (Unaudited) (cont'd)

For the six months ended April 30, 2025, the average market value for the months where the Fund had options purchased outstanding was $7,880.

At April 30, 2025, the Fund had cash collateral of $50,000 and $20,000 deposited in segregated accounts for Citibank, N.A. and Morgan Stanley Capital Services LLC respectively, and cash collateral of $120,000 received from Goldman Sachs International to cover collateral requirements on over-the-counter derivatives.

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Corporate Bonds<sup>#</sup> <br>| $— | $32371679 | $— | $32371679 |
| Foreign Government Securities<sup>#</sup> <br>|  | 72485572 |  | 72485572 |
| Short-Term Investments |  | 2562441 |  | 2562441 |
| **Total Investments** | **$—** | **$107419692** | **$—** | **$107419692** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides a geographic categorization as well as a Positions by Industry summary.

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| Assets | $173321 | $— | $— | $173321 |
| Liabilities | (27274)<br>|  |  | (27274)<br>|
| Forward FX Contracts<sup>@</sup> |  |  |  |  |
| Assets |  | 1903365 |  | 1903365 |
| Liabilities |  | (1812349)<br>|  | (1812349)<br>|
| Swaps |  |  |  |  |
| Assets |  | 897575 |  | 897575 |
| Liabilities |  | (696083)<br>|  | (696083)<br>|
| **Total** | **$146047** | **$292508** | **$—** | **$438555** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures and forward FX contracts are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Asset-Backed Securities 1.2%** | **Asset-Backed Securities 1.2%** | **Asset-Backed Securities 1.2%** |
| **Other 1.2%** | **Other 1.2%** |  |
| $1000000 | &nbsp;&nbsp; 37 Capital CLO 1 Ltd., Series 2021-1A, Class E, (3 mo. USD Term SOFR + 7.46%), 11.72%, due <br> 10/15/2034<br>| &nbsp;&nbsp; $973428<br> <sup>(a)(b)</sup><br>|
| 1000000 | &nbsp;&nbsp; Ballyrock CLO 28 Ltd., Series 2024-28A, Class D, (3 mo. USD Term SOFR + 5.00%), 9.33%, due <br> 1/20/2038<br>| &nbsp;&nbsp; 965064<br> <sup>(a)(b)</sup><br>|
| 500000 | &nbsp;&nbsp; Galaxy XV CLO Ltd., Series 2013-15A, Class ER, (3 mo. USD Term SOFR + 6.91%), 11.16%, due <br> 10/15/2030<br>| &nbsp;&nbsp; 495877<br> <sup>(a)(b)</sup><br>|
| 1275000 | &nbsp;&nbsp; Palmer Square CLO Ltd., Series 2024-4A, Class E, (3 mo. USD Term SOFR + 5.00%), 9.33%, due <br> 1/15/2038<br>| &nbsp;&nbsp; 1239385<br> <sup>(a)(b)</sup><br>|
| 1250000 | Voya CLO Ltd., Series 2024-2A, Class E, (3 mo. USD Term SOFR + 6.05%), 10.32%, due 7/20/2037 | &nbsp;&nbsp; 1250000<br> <sup>(a)(b)</sup><br>|
| 1300000 | &nbsp;&nbsp; Wellington Management CLO 4 Ltd., Series 2025-4A, Class D1, (3 mo. USD Term SOFR + 2.55%), <br> 6.83%, due 4/18/2038<br>| &nbsp;&nbsp; 1275625<br> <sup>(a)(b)</sup><br>|
| **Total Asset-Backed Securities (Cost $6,276,940)** | **Total Asset-Backed Securities (Cost $6,276,940)** | &nbsp;&nbsp; **6199379** |
| **Corporate Bonds 2.0%** | **Corporate Bonds 2.0%** | **Corporate Bonds 2.0%** |
| **Chemicals 0.5%** | **Chemicals 0.5%** | **Chemicals 0.5%** |
| 400000 | SCIH Salt Holdings, Inc., 4.88%, due 5/1/2028 | &nbsp;&nbsp; 383200<br> <sup>(a)</sup><br>|
| 1305000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, due 11/1/2026 | &nbsp;&nbsp; 1287753<br> <sup>(a)</sup><br>|
| 690000 | WR Grace Holdings LLC, 4.88%, due 6/15/2027 | &nbsp;&nbsp; 667986<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2338939** |
| **Commercial Services 0.5%** | **Commercial Services 0.5%** | **Commercial Services 0.5%** |
| 700000 | Garda World Security Corp., 4.63%, due 2/15/2027 | &nbsp;&nbsp; 688026<br> <sup>(a)</sup><br>|
|  | Prime Security Services Borrower LLC/Prime Finance, Inc. |  |
| 1170000 | 3.38%, due 8/31/2027 | &nbsp;&nbsp; 1115928<br> <sup>(a)</sup><br>|
| 510000 | 3.38%, due 8/31/2027 | &nbsp;&nbsp; 486430<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2290384** |
| **Environmental Control 0.1%** | **Environmental Control 0.1%** | **Environmental Control 0.1%** |
| 720000 | Madison IAQ LLC, 4.13%, due 6/30/2028 | &nbsp;&nbsp; **687427**<br> <sup>(a)</sup><br>|
| **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** |
| 545000 | Ahlstrom Holding 3 OYJ, 4.88%, due 2/4/2028 | &nbsp;&nbsp; **508227**<br> <sup>(a)</sup><br>|
| **Internet 0.1%** | **Internet 0.1%** | **Internet 0.1%** |
| 525000 | Cablevision Lightpath LLC, 3.88%, due 9/15/2027 | &nbsp;&nbsp; **495456**<br> <sup>(c)</sup><br>|
| **Machinery - Diversified 0.2%** | **Machinery - Diversified 0.2%** | **Machinery - Diversified 0.2%** |
| 870000 | TK Elevator U.S. Newco, Inc., 5.25%, due 7/15/2027 | &nbsp;&nbsp; **856687**<br> <sup>(a)</sup><br>|
| **Media 0.0%**<sup>‡</sup> | **Media 0.0%**<sup>‡</sup> | **Media 0.0%**<sup>‡</sup> |
| 274000 | Cumulus Media New Holdings, Inc., 8.00%, due 7/1/2029 | &nbsp;&nbsp; **73980**<br> <sup>(a)</sup><br>|
| **Software 0.0%**<sup>‡</sup> | **Software 0.0%**<sup>‡</sup> | **Software 0.0%**<sup>‡</sup> |
| 505175 | Rackspace Finance LLC, 3.50%, due 5/15/2028 | &nbsp;&nbsp; **179829**<br> <sup>(a)</sup><br>|
| **Telecommunications 0.5%** | **Telecommunications 0.5%** | **Telecommunications 0.5%** |
| 325000 | Altice Financing SA, 5.00%, due 1/15/2028 | &nbsp;&nbsp; 249593<br> <sup>(a)</sup><br>|
| 1310000 | Altice France SA, 5.50%, due 1/15/2028 | &nbsp;&nbsp; 1084542<br> <sup>(a)</sup><br>|
| 580000 | Consolidated Communications, Inc., 5.00%, due 10/1/2028 | &nbsp;&nbsp; 550728<br> <sup>(a)</sup><br>|
| 525000 | Zayo Group Holdings, Inc., 4.00%, due 3/1/2027 | &nbsp;&nbsp; 483520<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2368383** |
| **Total Corporate Bonds (Cost $10,592,120)** | **Total Corporate Bonds (Cost $10,592,120)** | &nbsp;&nbsp; **9799312** |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Loan Assignments**<sup>(b)</sup> **92.3%** | **Loan Assignments**<sup>(b)</sup> **92.3%** | **Loan Assignments**<sup>(b)</sup> **92.3%** |
| **Aerospace & Defense 2.9%** | **Aerospace & Defense 2.9%** | **Aerospace & Defense 2.9%** |
| $1744615 | Air Comm Corp. LLC, Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 11/21/2031 | &nbsp;&nbsp; $1720627 |
| 892763 | &nbsp;&nbsp; Amentum Government Services Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), <br> 6.57%, due 9/29/2031<br>| &nbsp;&nbsp; 880210 |
| 1348225 | &nbsp;&nbsp; Azorra Soar TLB Finance Ltd., Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.80%, due <br> 10/18/2029<br>| &nbsp;&nbsp; 1340365 |
| 1238605 | Cobham Ultra SeniorCo SARL, Term Loan B, (6 mo. USD Term SOFR + 3.50%), 8.18%, due 8/3/2029 | &nbsp;&nbsp; 1215381 |
|  | Dynasty Acquisition Co., Inc. |  |
| 1293514 | First Lien Term Loan B1, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 10/31/2031 | &nbsp;&nbsp; 1285507 |
| 492011 | First Lien Term Loan B2, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 10/31/2031 | &nbsp;&nbsp; 488966 |
| 2307328 | &nbsp;&nbsp; Kaman Corporation, Term Loan B, (3 mo. USD Term SOFR + 2.75%, 6 mo. USD Term SOFR + 2.75%), <br> 7.03% – 7.07%, due 4/21/2031<br>| &nbsp;&nbsp; 2270664<br> <sup>(d)</sup><br>|
|  | Peraton Corp. |  |
| 1195932 | Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.17%, due 2/1/2028 | &nbsp;&nbsp; 1076554 |
| 234174 | Second Lien Term Loan B1, (3 mo. USD Term SOFR + 7.75%), 12.18%, due 2/1/2029 | &nbsp;&nbsp; 176099 |
| 1583692 | Propulsion (BC) Finco SARL, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 9/14/2029 | &nbsp;&nbsp; 1582947 |
|  | TransDigm, Inc. |  |
| 1504829 | Term Loan J, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 2/28/2031 | &nbsp;&nbsp; 1488712 |
| 890525 | Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 1/19/2032 | &nbsp;&nbsp; 880595 |
|  |  | &nbsp;&nbsp; **14406627** |
| **Air Freight & Logistics 0.3%** | **Air Freight & Logistics 0.3%** | **Air Freight & Logistics 0.3%** |
| 1379165 | &nbsp;&nbsp; Worldwide Express Operations LLC, Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.30%, due <br> 7/26/2028<br>| &nbsp;&nbsp; **1333762** |
| **Automobile Components 0.6%** | **Automobile Components 0.6%** | **Automobile Components 0.6%** |
| 1710000 | Clarios Global LP, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 1/28/2032 | &nbsp;&nbsp; 1672243 |
| 1361885 | &nbsp;&nbsp; Dealer Tire Financial LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due <br> 7/2/2031<br>| &nbsp;&nbsp; 1355076<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **3027319** |
| **Biotechnology 0.2%** | **Biotechnology 0.2%** | **Biotechnology 0.2%** |
| 1045000 | &nbsp;&nbsp; Grifols Worldwide Operations USA, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.00%), 6.46%, due <br> 11/15/2027<br>| &nbsp;&nbsp; **1029179** |
| **Broadline Retail 0.5%** | **Broadline Retail 0.5%** | **Broadline Retail 0.5%** |
|  | Peer Holding III BV |  |
| 2467120 | Term Loan B4B, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 10/28/2030 | &nbsp;&nbsp; 2452736 |
| 269325 | Term Loan B5B, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 7/1/2031 | &nbsp;&nbsp; 267895 |
|  |  | &nbsp;&nbsp; **2720631** |
| **Building Products 0.6%** | **Building Products 0.6%** | **Building Products 0.6%** |
| 1537019 | &nbsp;&nbsp; Cornerstone Building Brands, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.67%, due <br> 4/12/2028<br>| &nbsp;&nbsp; 1340188 |
| 1221838 | MI Windows & Doors LLC, Term Loan B2, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 3/28/2031 | &nbsp;&nbsp; 1200040 |
| 677549 | Oscar AcquisitionCo LLC, Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.55%, due 4/29/2029 | &nbsp;&nbsp; 646470 |
|  |  | &nbsp;&nbsp; **3186698** |
| **Capital Markets 4.0%** | **Capital Markets 4.0%** | **Capital Markets 4.0%** |
| 2095000 | Apex Group Treasury LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.82%, due 2/27/2032 | &nbsp;&nbsp; 2085405 |
| 1557102 | AqGen Island Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 8/2/2028 | &nbsp;&nbsp; 1546981 |
| 1585000 | BCPE Pequod Buyer, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 11/25/2031 | &nbsp;&nbsp; 1579389 |
| 1547516 | Citco Funding LLC, Term Loan B, (6 mo. USD Term SOFR + 2.75%), 6.93%, due 4/27/2028 | &nbsp;&nbsp; 1548676 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Capital Markets – cont'd** | **Capital Markets – cont'd** | **Capital Markets – cont'd** |
| $1562150 | CPI Holdco B LLC, Term Loan, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 5/19/2031 | &nbsp;&nbsp; $1549731 |
|  | Edelman Financial Center LLC |  |
| 1385836 | Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 4/7/2028 | &nbsp;&nbsp; 1379530 |
| 450000 | Second Lien Term Loan, (1 mo. USD Term SOFR + 5.25%), 9.57%, due 10/6/2028 | &nbsp;&nbsp; 437062 |
| 970256 | FinCo I LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 6/27/2029 | &nbsp;&nbsp; 966860 |
| 1758405 | Galaxy U.S. Opco, Inc., Term Loan, (3 mo. USD Term SOFR + 5.00%), 9.28%, due 7/31/2030 | &nbsp;&nbsp; 1459476 |
| 1645875 | Guggenheim Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 11/26/2031 | &nbsp;&nbsp; 1643818 |
| 1488408 | &nbsp;&nbsp; Harbourvest Partners LLC, First Lien Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.55%, due <br> 4/18/2030<br>| &nbsp;&nbsp; 1473524<br> <sup>(e)</sup><br>|
| 2377584 | Jane Street Group LLC, Term Loan B1, (3 mo. USD Term SOFR + 2.00%), 6.31%, due 12/15/2031 | &nbsp;&nbsp; 2343062 |
| 1925175 | NEXUS Buyer LLC, Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 7/31/2031 | &nbsp;&nbsp; 1918495 |
|  |  | &nbsp;&nbsp; **19932009** |
| **Chemicals 2.4%** | **Chemicals 2.4%** | **Chemicals 2.4%** |
| 997500 | AAP Buyer, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 9/9/2031 | &nbsp;&nbsp; 993759 |
| 1334912 | &nbsp;&nbsp; ECO Services Operations Corp., Term Loan B, (3 mo. USD Term SOFR + 2.00%), 6.28%, due <br> 6/12/2031<br>| &nbsp;&nbsp; 1310924 |
| 1338032 | &nbsp;&nbsp; Groupe Solmax, Inc., Term Loan, (1 mo. USD Term SOFR + 4.75%, 3 mo. USD Term SOFR + 4.75%), <br> 9.19% – 9.31%, due 5/29/2028<br>| &nbsp;&nbsp; 1097561<br> <sup>(d)</sup><br>|
|  | Ineos U.S. Finance LLC |  |
| 1119201 | Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 2/18/2030 | &nbsp;&nbsp; 1044774 |
| 1406466 | First Lien Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 2/7/2031 | &nbsp;&nbsp; 1297465 |
| 1411463 | Minerals Technologies, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 11/26/2031 | &nbsp;&nbsp; 1390291<br> <sup>(e)</sup><br>|
| 1308775 | Nouryon Finance BV, Term Loan B1, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 4/3/2028 | &nbsp;&nbsp; 1298410 |
| 1723764 | &nbsp;&nbsp; Olympus Water U.S. Holding Corp., Term Loan, (3 mo. USD Term SOFR + 3.00%), 7.30%, due <br> 6/20/2031<br>| &nbsp;&nbsp; 1700252 |
| 712827 | &nbsp;&nbsp; SCUR-Alpha 1503 GmbH, Term Loan B1, (3 mo. USD Term SOFR + 5.50%), 9.78% – 9.82%, due <br> 3/29/2030<br>| &nbsp;&nbsp; 635528<br> <sup>(d)</sup><br>|
| 1341138 | Sparta U.S. HoldCo LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 8/2/2030 | &nbsp;&nbsp; 1313645 |
|  |  | &nbsp;&nbsp; **12082609** |
| **Commercial Services & Supplies 4.3%** | **Commercial Services & Supplies 4.3%** | **Commercial Services & Supplies 4.3%** |
| 1632683 | Albion Financing 3 SARL, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.29%, due 8/16/2029 | &nbsp;&nbsp; 1628601 |
| 2181813 | Allied Universal Holdco LLC, Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.17%, due 5/12/2028 | &nbsp;&nbsp; 2178496 |
|  | Anticimex International AB |  |
| 923963 | Term Loan B1, (3 mo. USD Term SOFR + 3.15%), 7.49%, due 11/16/2028 | &nbsp;&nbsp; 915416 |
| 997500 | Term Loan B6, (3 mo. USD Term SOFR + 3.40%), 7.74%, due 11/16/2028 | &nbsp;&nbsp; 992822 |
| 980125 | Aramark Services, Inc., Term Loan B8, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 6/22/2030 | &nbsp;&nbsp; 978488 |
| 873000 | &nbsp;&nbsp; ASP Dream Acquisition Co. LLC, Term Loan B, (1 mo. USD Term SOFR + 4.25%), 8.67%, due <br> 12/15/2028<br>| &nbsp;&nbsp; 833715<br> <sup>(e)</sup><br>|
| 911528 | Belfor Holdings, Inc., Term Loan B3, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 11/1/2030 | &nbsp;&nbsp; 906971<br> <sup>(e)</sup><br>|
| 1444725 | BrightView Landscapes LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 6.28%, due 4/20/2029 | &nbsp;&nbsp; 1415830 |
| 1354762 | Crash Champions LLC, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 9.07%, due 2/23/2029 | &nbsp;&nbsp; 1211388 |
| 1258471 | EnergySolutions LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 9/20/2030 | &nbsp;&nbsp; 1250605 |
| 1271641 | ERM Emerald U.S., Inc., Term Loan B1, (3 mo. USD Term SOFR + 3.00%), 7.30%, due 7/12/2028 | &nbsp;&nbsp; 1267407 |
| 1404846 | Garda World Security Corp., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.29%, due 2/1/2029 | &nbsp;&nbsp; 1389041 |
| 1352875 | Iron Mountain, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 1/31/2031 | &nbsp;&nbsp; 1342390 |
| 1853521 | Legence Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 12/18/2028 | &nbsp;&nbsp; 1823402 |
| 2006060 | PG Investment Co. 59 SARL, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.30%, due 3/26/2031 | &nbsp;&nbsp; 1997033 |
| 997500 | &nbsp;&nbsp; Service Logic Acquisition, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%, 3 mo. USD Term SOFR <br> + 3.00%), 7.28% – 7.32%, due 10/29/2027<br>| &nbsp;&nbsp; 993141<br> <sup>(d)</sup><br>|
|  |  | &nbsp;&nbsp; **21124746** |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Communications Equipment 0.3%** | **Communications Equipment 0.3%** | **Communications Equipment 0.3%** |
| $1272375 | WatchGuard Technologies, Inc., Term Loan, (1 mo. USD Term SOFR + 5.25%), 9.57%, due 7/2/2029 | &nbsp;&nbsp; **$1236596** |
| **Conglomerate 0.0%**<sup>‡</sup> | **Conglomerate 0.0%**<sup>‡</sup> | **Conglomerate 0.0%**<sup>‡</sup> |
| 97835 | Bright Bidco BV, Term Loan, (3 mo. USD Term SOFR + 8.00%), 12.28%, due 10/31/2027 | &nbsp;&nbsp; **37300** |
| **Construction & Engineering 0.8%** | **Construction & Engineering 0.8%** | **Construction & Engineering 0.8%** |
| 1196897 | Archkey Solutions LLC, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 9.03%, due 11/1/2031 | &nbsp;&nbsp; 1190912 |
| 1164775 | Artera Services LLC, Term Loan, (3 mo. USD Term SOFR + 4.50%), 8.80%, due 2/15/2031 | &nbsp;&nbsp; 1106723 |
| 1815000 | Tecta America Corp., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 2/18/2032 | &nbsp;&nbsp; 1794200 |
|  |  | &nbsp;&nbsp; **4091835** |
| **Construction Materials 0.9%** | **Construction Materials 0.9%** | **Construction Materials 0.9%** |
| 997500 | Potters Industries LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.32%, due 12/14/2027 | &nbsp;&nbsp; 992203 |
| 2770000 | Quikrete Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 2/10/2032 | &nbsp;&nbsp; 2712080 |
| 807845 | Star Holding LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 4.50%), 8.82%, due 7/31/2031 | &nbsp;&nbsp; 760586 |
|  |  | &nbsp;&nbsp; **4464869** |
| **Consumer Staples Distribution & Retail 0.4%** | **Consumer Staples Distribution & Retail 0.4%** | **Consumer Staples Distribution & Retail 0.4%** |
| 1418182 | Cardenas Markets, Inc., Term Loan, (3 mo. USD Term SOFR + 6.75%), 11.15%, due 8/1/2029 | &nbsp;&nbsp; 1267897 |
| 647500 | Northeast Grocery, Inc., Term Loan B, (3 mo. USD Term SOFR + 7.50%), 11.82%, due 12/13/2028 | &nbsp;&nbsp; 644800 |
|  |  | &nbsp;&nbsp; **1912697** |
| **Containers & Packaging 3.4%** | **Containers & Packaging 3.4%** | **Containers & Packaging 3.4%** |
| 1558225 | Altium Packaging LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 6/11/2031 | &nbsp;&nbsp; 1517976 |
| 1334913 | &nbsp;&nbsp; Anchor Packaging, Inc., First Lien Term Loan, (1 mo. USD Term SOFR + 3.25%), 7.58%, due <br> 7/18/2029<br>| &nbsp;&nbsp; 1330908 |
| 1781061 | &nbsp;&nbsp; Berlin Packaging LLC, Term Loan B7, (1 mo. USD Term SOFR + 3.50%, 3 mo. USD Term SOFR + <br> 3.50%), 7.80% – 7.82%, due 6/7/2031<br>| &nbsp;&nbsp; 1767204<br> <sup>(d)</sup><br>|
|  | Clydesdale Acquisition Holdings, Inc. |  |
| 1263 | Term Loan, (3 mo. USD Term SOFR + 3.25%), 7.48%, due 4/1/2032 | &nbsp;&nbsp; 1252 |
| 2407904 | Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 4/1/2032 | &nbsp;&nbsp; 2386546 |
| 1331663 | Glatfelter Corp., Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.56%, due 11/4/2031 | &nbsp;&nbsp; 1272989 |
| 741199 | IRIS Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 4.75%), 9.13%, due 6/28/2028 | &nbsp;&nbsp; 694941 |
| 1411325 | &nbsp;&nbsp; Klockner-Pentaplast of America, Inc., Term Loan B, (6 mo. USD Term SOFR + 4.73%), 9.23%, due <br> 2/12/2026<br>| &nbsp;&nbsp; 1261018 |
| 1276970 | &nbsp;&nbsp; Mauser Packaging Solutions Holding Co., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, <br> due 4/15/2027<br>| &nbsp;&nbsp; 1256219 |
| 123086 | Mold-Rite Plastics LLC, Term Loan, (1 mo. USD Term SOFR + 1.50%), 5.91%, due 10/4/2028 | &nbsp;&nbsp; 103084 |
| 953172 | &nbsp;&nbsp; Ring Container Technologies Group LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due <br> 8/12/2028<br>| &nbsp;&nbsp; 949007 |
| 1316700 | SupplyOne, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.07%, due 4/21/2031 | &nbsp;&nbsp; 1307101 |
| 1059675 | Technimark Holdings LLC, Term Loan, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 4/14/2031 | &nbsp;&nbsp; 1040474 |
| 2030664 | Trident TPI Holdings, Inc., Term Loan B7, (3 mo. USD Term SOFR + 3.75%), 8.05%, due 9/15/2028 | &nbsp;&nbsp; 1960972 |
|  |  | &nbsp;&nbsp; **16849691** |
| **Distributors 0.2%** | **Distributors 0.2%** | **Distributors 0.2%** |
|  | S&S Holdings LLC |  |
| 1047527 | Term Loan, (1 mo. USD Term SOFR + 5.00%), 9.42%, due 3/11/2028 | &nbsp;&nbsp; 1019286 |
| 225000 | Second Lien Term Loan, (1 mo. USD Term SOFR + 8.75%), 13.17%, due 3/9/2029 | &nbsp;&nbsp; 207000 |
|  |  | &nbsp;&nbsp; **1226286** |
| **Diversified Consumer Services 1.5%** | **Diversified Consumer Services 1.5%** | **Diversified Consumer Services 1.5%** |
|  | Ascend Learning LLC |  |
| 1740637 | Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 12/11/2028 | &nbsp;&nbsp; 1718253 |
| 449040 | Second Lien Term Loan, (1 mo. USD Term SOFR + 5.75%), 10.17%, due 12/10/2029 | &nbsp;&nbsp; 439920 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Diversified Consumer Services – cont'd** | **Diversified Consumer Services – cont'd** | **Diversified Consumer Services – cont'd** |
| $1771100 | Belron Finance 2019 LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 7.05%, due 10/16/2031 | &nbsp;&nbsp; $1763962 |
| 1595000 | Fugue Finance BV, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.50%, due 1/9/2032 | &nbsp;&nbsp; 1591012 |
| 1756258 | Wand NewCo 3, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 1/30/2031 | &nbsp;&nbsp; 1730108 |
|  |  | &nbsp;&nbsp; **7243255** |
| **Diversified Telecommunication Services 4.4%** | **Diversified Telecommunication Services 4.4%** | **Diversified Telecommunication Services 4.4%** |
| 1620457 | Altice Financing SA, First Lien Term Loan, (3 mo. USD LIBOR + 1.75%), 9.25%, due 1/31/2026 | &nbsp;&nbsp; 1498923<br> <sup>(e)</sup><br>|
| 936158 | Altice France SA, Term Loan B14, (3 mo. USD Term SOFR), due 8/15/2028 | &nbsp;&nbsp; 840670<br> <sup>(f)(g)</sup><br>|
| 484976 | Cablevision Lightpath LLC, Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 11/30/2027 | &nbsp;&nbsp; 483158 |
| 1488373 | CommScope, Inc., Term Loan, (1 mo. USD Term SOFR + 5.25%), 9.57%, due 12/17/2029 | &nbsp;&nbsp; 1459067 |
| 1461292 | &nbsp;&nbsp; Consolidated Communications, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.94%, due <br> 10/2/2027<br>| &nbsp;&nbsp; 1444648 |
|  | CSC Holdings LLC |  |
| 1541991 | Term Loan B5, (3 mo. USD LIBOR + 1.50%), 9.00%, due 4/15/2027 | &nbsp;&nbsp; 1483103 |
| 1678571 | Term Loan B6, (1 mo. USD Term SOFR + 4.50%), 8.82%, due 1/18/2028 | &nbsp;&nbsp; 1631470 |
| 2180000 | Level 3 Financing, Inc., Term Loan B, (1 mo. USD Term SOFR), due 3/27/2032 | &nbsp;&nbsp; 2172370<br> <sup>(f)(g)</sup><br>|
|  | Lumen Technologies, Inc. |  |
| 533565 | Term Loan A, (1 mo. USD Term SOFR + 6.00%), 10.32%, due 6/1/2028 | &nbsp;&nbsp; 530897 |
| 1281188 | Term Loan B1, (1 mo. USD Term SOFR + 2.35%), 6.79%, due 4/15/2029 | &nbsp;&nbsp; 1222740 |
| 1853591 | Term Loan B2, (1 mo. USD Term SOFR + 2.35%), 6.79%, due 4/15/2030 | &nbsp;&nbsp; 1763229<br> <sup>(f)(g)</sup><br>|
| 937602 | Numericable Group SA, Term Loan B11, (6 mo. USD Term SOFR), due 7/31/2025 | &nbsp;&nbsp; 814373<br> <sup>(f)(g)</sup><br>|
| 513564 | Radiate Holdco LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.69%, due 9/25/2026 | &nbsp;&nbsp; 449369 |
| 1520000 | &nbsp;&nbsp; Sunrise Financing Partnership, Term Loan AAA, (3 mo. USD Term SOFR + 2.50%), 6.79%, due <br> 2/15/2032<br>| &nbsp;&nbsp; 1509679 |
| 330000 | Telesat Canada, Term Loan B5, (3 mo. USD Term SOFR + 2.75%), 7.32%, due 12/7/2026 | &nbsp;&nbsp; 180263 |
| 1120000 | Windstream Services LLC, Term Loan B, (1 mo. USD Term SOFR + 4.75%), 9.17%, due 10/1/2031 | &nbsp;&nbsp; 1111600<br> <sup>(e)</sup><br>|
|  | Zayo Group Holdings, Inc. |  |
| 1607253 | Term Loan B, (1 mo. USD Term SOFR + 4.25%), 8.57%, due 3/9/2027 | &nbsp;&nbsp; 1497959<br> <sup>(f)(g)</sup><br>|
| 2025875 | Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.44%, due 3/9/2027 | &nbsp;&nbsp; 1879728 |
|  |  | &nbsp;&nbsp; **21973246** |
| **Electric Utilities 1.3%** | **Electric Utilities 1.3%** | **Electric Utilities 1.3%** |
| 1577075 | Alpha Generation LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 9/30/2031 | &nbsp;&nbsp; 1575955 |
| 1560000 | &nbsp;&nbsp; Cogentrix Finance Holdco I LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due <br> 2/26/2032<br>| &nbsp;&nbsp; 1557660 |
| 1565000 | Cornerstone Generation LLC, Term Loan B, (1 mo. USD Term SOFR), due 10/28/2031 | &nbsp;&nbsp; 1564671<br> <sup>(f)(g)</sup><br>|
| 1558225 | EFS Cogen Holdings I LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.80%, due 10/3/2031 | &nbsp;&nbsp; 1556932 |
|  |  | &nbsp;&nbsp; **6255218** |
| **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** | **Electrical Equipment 0.7%** |
| 1920000 | Arcline FM Holdings LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 6/24/2030 | &nbsp;&nbsp; 1912800 |
| 1806350 | WEC U.S. Holdings Ltd., Term Loan, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 1/27/2031 | &nbsp;&nbsp; 1787835 |
|  |  | &nbsp;&nbsp; **3700635** |
| **Electronic Equipment, Instruments & Components 0.7%** | **Electronic Equipment, Instruments & Components 0.7%** | **Electronic Equipment, Instruments & Components 0.7%** |
| 2109481 | Chamberlain Group, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.67%, due 11/3/2028 | &nbsp;&nbsp; 2080750 |
| 1221034 | Ingram Micro, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 7.05%, due 9/22/2031 | &nbsp;&nbsp; 1219508 |
|  |  | &nbsp;&nbsp; **3300258** |
| **Energy Equipment & Services 0.2%** | **Energy Equipment & Services 0.2%** | **Energy Equipment & Services 0.2%** |
| 995000 | Brock Holdings III, Inc., Term Loan B, (3 mo. USD Term SOFR + 6.00%), 10.30%, due 5/2/2030 | &nbsp;&nbsp; **977587** |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Entertainment 1.4%** | **Entertainment 1.4%** | **Entertainment 1.4%** |
| $1800488 | &nbsp;&nbsp; Creative Artists Agency LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due <br> 10/1/2031<br>| &nbsp;&nbsp; $1789559 |
|  | Delta 2 (LUX) SARL |  |
| 750000 | Term Loan B2, (3 mo. USD Term SOFR), due 9/30/2031 | &nbsp;&nbsp; 745785<br> <sup>(f)(g)</sup><br>|
| 1500000 | Term Loan B1, (3 mo. USD Term SOFR + 2.00%), 6.30%, due 9/30/2031 | &nbsp;&nbsp; 1491570 |
| 1227264 | EP Purchaser LLC, Term Loan B, (3 mo. USD Term SOFR + 4.50%), 9.06%, due 11/6/2028 | &nbsp;&nbsp; 1230332 |
| 1535000 | International Entertainment JJCo 3 Ltd., Term Loan B, (1 mo. USD Term SOFR), due 4/2/2032 | &nbsp;&nbsp; 1531162<br> <sup>(e)(f)(g)</sup><br>|
|  |  | &nbsp;&nbsp; **6788408** |
| **Financial Services 1.0%** | **Financial Services 1.0%** | **Financial Services 1.0%** |
| 1436400 | FrontDoor, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 12/19/2031 | &nbsp;&nbsp; 1425627<br> <sup>(e)</sup><br>|
| 1805000 | GEN II Fund Services LLC, Term Loan B, (6 mo. USD Term SOFR + 2.75%), 6.97%, due 11/26/2031 | &nbsp;&nbsp; 1795975 |
| 1513391 | &nbsp;&nbsp; Superannuation & Investments U.S. LLC, Term Loan, (1 mo. USD Term SOFR + 3.75%), 8.19%, due <br> 12/1/2028<br>| &nbsp;&nbsp; 1505189 |
|  |  | &nbsp;&nbsp; **4726791** |
| **Food Products 1.5%** | **Food Products 1.5%** | **Food Products 1.5%** |
| 2205000 | Newly Weds Foods, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.58%, due 3/15/2032 | &nbsp;&nbsp; 2191219<br> <sup>(e)</sup><br>|
| 1561032 | Nomad Foods U.S. LLC, Term Loan B5, (6 mo. USD Term SOFR + 2.50%), 6.54%, due 11/12/2029 | &nbsp;&nbsp; 1557129<br> <sup>(e)</sup><br>|
| 1398103 | Sauer Brands, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 2/4/2032 | &nbsp;&nbsp; 1391546 |
| 1000000 | Solina Bidco, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 3/12/2029 | &nbsp;&nbsp; 992500 |
| 1530000 | UTZ Quality Foods LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 1/29/2032 | &nbsp;&nbsp; 1519290 |
|  |  | &nbsp;&nbsp; **7651684** |
| **Gas Utilities 0.7%** | **Gas Utilities 0.7%** | **Gas Utilities 0.7%** |
| 2019661 | CQP Holdco LP, First Lien Term Loan B, (3 mo. USD Term SOFR + 2.00%), 6.30%, due 12/31/2030 | &nbsp;&nbsp; 2007725 |
| 1545000 | Natgasoline LLC, Term Loan B, (3 mo. USD Term SOFR + 5.50%), 9.80%, due 3/29/2030 | &nbsp;&nbsp; 1504444 |
|  |  | &nbsp;&nbsp; **3512169** |
| **Ground Transportation 0.4%** | **Ground Transportation 0.4%** | **Ground Transportation 0.4%** |
| 1801834 | &nbsp;&nbsp; Kenan Advantage Group, Inc., Term Loan B4, (1 mo. USD Term SOFR + 3.25%), 7.57%, due <br> 1/25/2029<br>| &nbsp;&nbsp; **1764302** |
| **Health Care Equipment & Supplies 1.8%** | **Health Care Equipment & Supplies 1.8%** | **Health Care Equipment & Supplies 1.8%** |
| 1523507 | &nbsp;&nbsp; Auris Luxembourg III SARL, Term Loan B4, (3 mo. USD Term SOFR + 3.75%, 6 mo. USD Term SOFR + <br> 3.75%), 7.88% – 8.05%, due 2/28/2029<br>| &nbsp;&nbsp; 1503198<br> <sup>(d)</sup><br>|
|  | Bausch & Lomb Corp. |  |
| 1161046 | Term Loan, (1 mo. USD Term SOFR + 3.25%), 7.67%, due 5/10/2027 | &nbsp;&nbsp; 1146069 |
| 788965 | Term Loan, (1 mo. USD Term SOFR + 4.00%), 8.32%, due 9/29/2028 | &nbsp;&nbsp; 780421 |
| 761567 | &nbsp;&nbsp; CHG Healthcare Services Inc., Term Loan B1, (3 mo. USD Term SOFR + 3.00%), 7.30% – 7.31%, due <br> 9/29/2028<br>| &nbsp;&nbsp; 758712<br> <sup>(d)</sup><br>|
| 2390720 | Medline Borrower LP, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 10/23/2028 | &nbsp;&nbsp; 2373029 |
| 990025 | Sharp Services LLC, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 12/31/2028 | &nbsp;&nbsp; 983837 |
| 1356600 | Viant Medical Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 4.00%), 8.32%, due 10/29/2031 | &nbsp;&nbsp; 1353778 |
|  |  | &nbsp;&nbsp; **8899044** |
| **Health Care Providers & Services 5.2%** | **Health Care Providers & Services 5.2%** | **Health Care Providers & Services 5.2%** |
| 802302 | ADMI Corp., Term Loan B2, (1 mo. USD Term SOFR + 3.38%), 7.81%, due 12/23/2027 | &nbsp;&nbsp; 764193 |
| 1544322 | &nbsp;&nbsp; Agiliti Health, Inc., Term Loan, (3 mo. USD Term SOFR + 3.00%, 6 mo. USD Term SOFR + 3.00%), <br> 7.22% – 7.30%, due 5/1/2030<br>| &nbsp;&nbsp; 1486410<br> <sup>(d)</sup><br>|
|  | Aveanna Healthcare LLC |  |
| 995888 | Term Loan B, (3 mo. USD Term SOFR + 3.75%), 8.16%, due 7/17/2028 | &nbsp;&nbsp; 974606 |
| 694547 | Second Lien Term Loan, (3 mo. USD Term SOFR + 7.00%), 11.46%, due 12/10/2029 | &nbsp;&nbsp; 653451 |
| 1775000 | CNT Holdings I Corp., Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.78%, due 11/8/2032 | &nbsp;&nbsp; 1764403 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Health Care Providers & Services – cont'd** | **Health Care Providers & Services – cont'd** | **Health Care Providers & Services – cont'd** |
| $1391513 | &nbsp;&nbsp; Concentra Health Services, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due <br> 7/26/2031<br>| &nbsp;&nbsp; $1377597<br> <sup>(e)</sup><br>|
|  | Hanger, Inc. |  |
| 1408631 | Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 10/23/2031 | &nbsp;&nbsp; 1404109 |
| 27205 | Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 10/23/2031 | &nbsp;&nbsp; 27118 |
| 1205000 | Heartland Dental LLC, Term Loan, (1 mo. USD Term SOFR), due 4/28/2028 | &nbsp;&nbsp; 1190239<br> <sup>(f)(g)</sup><br>|
| 894295 | &nbsp;&nbsp; Medical Solutions Holdings, Inc., First Lien Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.88%, due <br> 11/1/2028<br>| &nbsp;&nbsp; 534341 |
|  | National Mentor Holdings, Inc. |  |
| 902962 | &nbsp;&nbsp; Term Loan, (1 mo. USD Term SOFR + 3.75%, 3 mo. USD Term SOFR + 3.75%), 8.15% – 8.17%, <br> due 3/2/2028<br>| &nbsp;&nbsp; 859132<br> <sup>(d)</sup><br>|
| 28758 | Term Loan C, (3 mo. USD Term SOFR + 3.75%), 8.15%, due 3/2/2028 | &nbsp;&nbsp; 27362 |
| 410000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 7.25%), 11.65%, due 3/2/2029 | &nbsp;&nbsp; 387450 |
| 1575004 | &nbsp;&nbsp; Outcomes Group Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due <br> 5/6/2031<br>| &nbsp;&nbsp; 1564830 |
| 1915537 | Phoenix Guarantor, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 2/21/2031 | &nbsp;&nbsp; 1900366 |
| 2086000 | &nbsp;&nbsp; Raven Acquisition Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due <br> 11/19/2031<br>| &nbsp;&nbsp; 2062157 |
| 701488 | Select Medical Corp., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 12/3/2031 | &nbsp;&nbsp; 699299 |
| 118613 | Sound Inpatient Physicians, Term Loan, (3 mo. USD Term SOFR + 6.75%), 11.31%, due 6/28/2029 | &nbsp;&nbsp; 83326 |
| 2025000 | &nbsp;&nbsp; Southern Veterinary Partners LLC, First Lien Term Loan, (3 mo. USD Term SOFR + 3.25%), 7.53%, due <br> 12/4/2031<br>| &nbsp;&nbsp; 2017163 |
| 957656 | Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.30%, due 9/27/2030 | &nbsp;&nbsp; 924741 |
| 1615762 | &nbsp;&nbsp; Summit Behavioral Healthcare LLC, Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.55%, due <br> 11/24/2028<br>| &nbsp;&nbsp; 1260294 |
| 774168 | Team Health Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.25%), 9.53%, due 3/2/2027 | &nbsp;&nbsp; 751624 |
|  | Team Services Group |  |
| 1266825 | Term Loan B, (3 mo. USD Term SOFR + 5.25%), 9.53%, due 12/20/2027 | &nbsp;&nbsp; 1224868 |
| 465690 | Term Loan, (3 mo. USD Term SOFR + 5.00%), 9.54%, due 12/20/2027 | &nbsp;&nbsp; 447761 |
| 75000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 9.00%), 13.54%, due 12/18/2028 | &nbsp;&nbsp; 73875<br> <sup>(e)</sup><br>|
| 1576050 | TTF Holdings LLC, Term Loan, (6 mo. USD Term SOFR + 3.75%), 8.00%, due 7/18/2031 | &nbsp;&nbsp; 1532709 |
|  |  | &nbsp;&nbsp; **25993424** |
| **Health Care Technology 2.3%** | **Health Care Technology 2.3%** | **Health Care Technology 2.3%** |
| 2412145 | Athenahealth Group, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 2/15/2029 | &nbsp;&nbsp; 2388410 |
|  | Cotiviti Corp. |  |
| 2282169 | Term Loan, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 5/1/2031 | &nbsp;&nbsp; 2230820 |
| 365000 | Term Loan, (1 mo. USD Term SOFR + 2.75%), 7.08%, due 3/26/2032 | &nbsp;&nbsp; 356331 |
| 1811725 | Ensemble RCM LLC, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.28%, due 8/1/2029 | &nbsp;&nbsp; 1808898 |
| 1532095 | Imprivata, Inc., Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.78%, due 12/1/2027 | &nbsp;&nbsp; 1533244 |
| 712204 | &nbsp;&nbsp; Waystar Technologies, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due <br> 10/22/2029<br>| &nbsp;&nbsp; 708643<br> <sup>(e)</sup><br>|
| 2229413 | Zelis Payments Buyer, Inc., Term Loan, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 11/26/2031 | &nbsp;&nbsp; 2180299 |
|  |  | &nbsp;&nbsp; **11206645** |
| **Hotels, Restaurants & Leisure 3.9%** | **Hotels, Restaurants & Leisure 3.9%** | **Hotels, Restaurants & Leisure 3.9%** |
| 1879671 | &nbsp;&nbsp; Allwyn Entertainment Financing U.S. LLC, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 6.23%, <br> due 6/2/2031<br>| &nbsp;&nbsp; 1848337<br> <sup>(f)(g)</sup><br>|
|  | Alterra Mountain Co. |  |
| 1101099 | Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 8/17/2028 | &nbsp;&nbsp; 1099723<br> <sup>(e)</sup><br>|
| 656717 | Term Loan B7, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 5/31/2030 | &nbsp;&nbsp; 656717<br> <sup>(e)</sup><br>|
| 1504800 | Caesars Entertainment, Inc., Term Loan B1, (3 mo. USD Term SOFR + 2.25%), 6.56%, due 2/6/2031 | &nbsp;&nbsp; 1478782 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Hotels, Restaurants & Leisure – cont'd** | **Hotels, Restaurants & Leisure – cont'd** | **Hotels, Restaurants & Leisure – cont'd** |
| $1515000 | &nbsp;&nbsp; Catawba Nation Gaming Authority, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 9.05%, due <br> 3/29/2032<br>| &nbsp;&nbsp; $1502380 |
| 1680788 | GBT US III LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.78%, due 7/28/2031 | &nbsp;&nbsp; 1662820 |
| 1296900 | Golden Entertainment, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 5/28/2030 | &nbsp;&nbsp; 1277447<br> <sup>(e)</sup><br>|
| 1425943 | &nbsp;&nbsp; GVC Holdings (Gibraltar) Ltd., Term Loan B3, (3 mo. USD Term SOFR + 2.75%), 7.05%, due <br> 10/31/2029<br>| &nbsp;&nbsp; 1423561 |
| 1260000 | Jack Ohio Finance LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 8.32%, due 1/28/2032 | &nbsp;&nbsp; 1248975 |
| 1561078 | LC AHAB U.S. Bidco LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 5/1/2031 | &nbsp;&nbsp; 1514245 |
| 1336650 | Life Time Fitness, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.78%, due 11/5/2031 | &nbsp;&nbsp; 1326959 |
| 1039775 | OEG Borrower LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.80%, due 6/30/2031 | &nbsp;&nbsp; 1033276 |
| 826522 | &nbsp;&nbsp; RHP Hotel Properties LP, First Lien Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due <br> 5/18/2030<br>| &nbsp;&nbsp; 818778 |
| 1626925 | Scientific Games Holdings LP, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.28%, due 4/4/2029 | &nbsp;&nbsp; 1610883 |
| 816800 | &nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc., Term Loan B3, (1 mo. USD Term SOFR + 2.00%), 6.32%, due <br> 12/4/2031<br>| &nbsp;&nbsp; 804548<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **19307431** |
| **Household Durables 0.8%** | **Household Durables 0.8%** | **Household Durables 0.8%** |
| 2458838 | Hunter Douglas, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 1/20/2032 | &nbsp;&nbsp; 2389695 |
| 1633336 | &nbsp;&nbsp; Weber-Stephen Products LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.69%, due <br> 10/30/2027<br>| &nbsp;&nbsp; 1529211 |
|  |  | &nbsp;&nbsp; **3918906** |
| **Independent Power & Renewable Electricity Producers 1.5%** | **Independent Power & Renewable Electricity Producers 1.5%** | **Independent Power & Renewable Electricity Producers 1.5%** |
| 882386 | Carroll County Energy LLC, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 6/30/2031 | &nbsp;&nbsp; 883268 |
| 871629 | &nbsp;&nbsp; Compass Power Generation LLC, Term Loan B3, (1 mo. USD Term SOFR + 3.75%), 8.07%, due <br> 4/14/2029<br>| &nbsp;&nbsp; 872989 |
| 1093401 | Eastern Power LLC, Term Loan B, (1 mo. USD Term SOFR + 5.25%), 9.57%, due 4/3/2028 | &nbsp;&nbsp; 1076093 |
| 1410098 | Edgewater Generation LLC, Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 8/1/2030 | &nbsp;&nbsp; 1405980 |
| 1298700 | &nbsp;&nbsp; Hamilton Projects Acquiror LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due <br> 5/22/2031<br>| &nbsp;&nbsp; 1301025 |
| 905413 | &nbsp;&nbsp; Oregon Clean Energy LLC, First Lien Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.80%, due <br> 7/12/2030<br>| &nbsp;&nbsp; 904471 |
| 879197 | Talen Energy Supply LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.82%, due 5/17/2030 | &nbsp;&nbsp; 875047 |
|  |  | &nbsp;&nbsp; **7318873** |
| **Insurance 3.3%** | **Insurance 3.3%** | **Insurance 3.3%** |
| 2598488 | Acrisure LLC, First Lien Term Loan B6, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 11/6/2030 | &nbsp;&nbsp; 2564395 |
| 2024825 | &nbsp;&nbsp; Alliant Holdings Intermediate LLC, Term Loan B6, (1 mo. USD Term SOFR + 2.75%), 7.07%, due <br> 9/19/2031<br>| &nbsp;&nbsp; 2009214 |
| 2012350 | AmWINS Group, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 1/30/2032 | &nbsp;&nbsp; 2000719 |
| 1963857 | Bella Holding Co. LLC, Term Loan, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 5/10/2028 | &nbsp;&nbsp; 1954588 |
| 1708238 | Broadstreet Partners, Inc., Term Loan B4, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 6/13/2031 | &nbsp;&nbsp; 1698774 |
| 2053778 | Gainwell Acquisition Corp., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.40%, due 10/1/2027 | &nbsp;&nbsp; 1905844 |
| 1957824 | HUB International Ltd., Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.77%, due 6/20/2030 | &nbsp;&nbsp; 1943924 |
| 1057298 | Truist Insurance Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.75%), 7.05%, due 5/6/2031 | &nbsp;&nbsp; 1044526 |
| 1122985 | USI, Inc., Term Loan C, (3 mo. USD Term SOFR + 2.25%), 6.55%, due 9/29/2030 | &nbsp;&nbsp; 1114562 |
|  |  | &nbsp;&nbsp; **16236546** |
| **IT Services 1.7%** | **IT Services 1.7%** | **IT Services 1.7%** |
| 1689704 | Ahead DB Holdings LLC, Term Loan B3, (3 mo. USD Term SOFR + 3.00%), 7.30%, due 2/3/2031 | &nbsp;&nbsp; 1675713 |
| 841409 | Endure Digital, Inc., Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.94%, due 2/10/2028 | &nbsp;&nbsp; 462775 |
| 1159175 | Fortress Intermediate 3, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.07%, due 6/27/2031 | &nbsp;&nbsp; 1133094<br> <sup>(e)</sup><br>|
| 215043 | GTT Communications, Inc., Term Loan, (6 mo. USD Term SOFR + 14.00%), 14.00%, due 7/15/2031 | &nbsp;&nbsp; 167733 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **IT Services – cont'd** | **IT Services – cont'd** | **IT Services – cont'd** |
|  | Rackspace Finance LLC |  |
| $492028 | First Lien Term Loan, (1 mo. USD Term SOFR + 2.75%), 7.19%, due 5/15/2028 | &nbsp;&nbsp; $197426 |
| 329992 | First Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 10.69%, due 5/15/2028 | &nbsp;&nbsp; 326349 |
| 388490 | Redstone Holdco 2 LP, Term Loan, (3 mo. USD Term SOFR + 4.75%), 9.29%, due 4/27/2028 | &nbsp;&nbsp; 206288 |
| 2363325 | &nbsp;&nbsp; Sedgwick Claims Management Services, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.31%, <br> due 7/31/2031<br>| &nbsp;&nbsp; 2350043 |
| 1809215 | &nbsp;&nbsp; World Wide Technology Holding Co. LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.58%, <br> due 3/1/2030<br>| &nbsp;&nbsp; 1800169<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **8319590** |
| **Life Sciences Tools & Services 0.3%** | **Life Sciences Tools & Services 0.3%** | **Life Sciences Tools & Services 0.3%** |
| 1684703 | Parexel International Corp., Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 11/15/2028 | &nbsp;&nbsp; **1673550** |
| **Machinery 3.2%** | **Machinery 3.2%** | **Machinery 3.2%** |
| 250000 | American Trailer World Corp., Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.17%, due 3/3/2028 | &nbsp;&nbsp; 195000 |
| 1675000 | Barnes Group, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 1/27/2032 | &nbsp;&nbsp; 1646391 |
| 1669372 | Chart Industries, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.79%, due 3/15/2030 | &nbsp;&nbsp; 1657904 |
| 1620000 | Crown Equipment Corp., Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.54%, due 10/10/2031 | &nbsp;&nbsp; 1609195 |
|  | EMRLD Borrower LP |  |
| 666100 | Term Loan B, (6 mo. USD Term SOFR + 2.50%), 6.93%, due 5/31/2030 | &nbsp;&nbsp; 657527 |
| 1124350 | Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 8/4/2031 | &nbsp;&nbsp; 1109599 |
|  | Engineered Machinery Holdings, Inc. |  |
| 1229185 | Term Loan, (3 mo. USD Term SOFR + 3.75%), 8.31%, due 5/19/2028 | &nbsp;&nbsp; 1224576 |
| 560792 | Second Lien Term Loan, (3 mo. USD Term SOFR + 6.00%), 10.56%, due 5/21/2029 | &nbsp;&nbsp; 549576 |
| 1794184 | &nbsp;&nbsp; Illuminate Buyer LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due <br> 12/31/2029<br>| &nbsp;&nbsp; 1789142 |
| 1568336 | &nbsp;&nbsp; LSF11 Trinity Bidco, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due <br> 6/14/2030<br>| &nbsp;&nbsp; 1550692 |
| 1525000 | Madison IAQ LLC, Term Loan, (6 mo. USD Term SOFR + 2.50%), 6.76%, due 6/21/2028 | &nbsp;&nbsp; 1509186 |
| 1306265 | TK Elevator Midco GmbH, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.24%, due 4/30/2030 | &nbsp;&nbsp; 1299734 |
| 846563 | Vector WP Holdco, Inc., Term Loan B, (1 mo. USD Term SOFR + 5.00%), 9.44%, due 10/12/2028 | &nbsp;&nbsp; 834922 |
|  |  | &nbsp;&nbsp; **15633444** |
| **Media 2.1%** | **Media 2.1%** | **Media 2.1%** |
| 2055000 | &nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, Term Loan, (1 mo. USD Term SOFR + 2.25%), 6.57%, due <br> 2/13/2032<br>| &nbsp;&nbsp; 2006194 |
| 2093500 | &nbsp;&nbsp; Charter Communications Operating LLC, Term Loan B5, (3 mo. USD Term SOFR + 2.25%), 6.55%, <br> due 12/15/2031<br>| &nbsp;&nbsp; 2085126 |
| 1132853 | CMG Media Corp., Term Loan, (3 mo. USD Term SOFR + 3.50%), 7.90%, due 6/18/2029 | &nbsp;&nbsp; 1068427<br> <sup>(f)(g)</sup><br>|
| 1096562 | &nbsp;&nbsp; Eagle Broadband Investments LLC, Term Loan, (3 mo. USD Term SOFR + 3.00%), 7.56%, due <br> 11/12/2027<br>| &nbsp;&nbsp; 1091770 |
| 692511 | &nbsp;&nbsp; McGraw-Hill Global Education Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, <br> due 8/6/2031<br>| &nbsp;&nbsp; 690164 |
| 1460837 | Neptune Bidco U.S., Inc., Term Loan B, (3 mo. USD Term SOFR + 5.00%), 9.33%, due 4/11/2029 | &nbsp;&nbsp; 1285638 |
| 2094750 | UFC Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.58%, due 11/21/2031 | &nbsp;&nbsp; 2091692 |
|  |  | &nbsp;&nbsp; **10319011** |
| **Metals & Mining 1.4%** | **Metals & Mining 1.4%** | **Metals & Mining 1.4%** |
| 1280605 | Arsenal AIC Parent LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 8/19/2030 | &nbsp;&nbsp; 1260436 |
| 1560000 | Covia Holdings Corp., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.57%, due 2/14/2032 | &nbsp;&nbsp; 1555616 |
| 1527551 | PMHC II, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.64%, due 4/23/2029 | &nbsp;&nbsp; 1363217 |
| 1685210 | SCIH Salt Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.28%, due 1/31/2029 | &nbsp;&nbsp; 1667970 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Metals & Mining – cont'd** | **Metals & Mining – cont'd** | **Metals & Mining – cont'd** |
| $1101750 | Trulite Holding Corp., Term Loan, (3 mo. USD Term SOFR + 6.00%), 10.29%, due 3/1/2030 | &nbsp;&nbsp; $1085224<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **6932463** |
| **Mortgage Real Estate Investment Trusts 0.6%** | **Mortgage Real Estate Investment Trusts 0.6%** | **Mortgage Real Estate Investment Trusts 0.6%** |
|  | Blackstone Mortgage Trust, Inc. |  |
| 718200 | Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.07%, due 12/11/2028 | &nbsp;&nbsp; 716405<br> <sup>(e)</sup><br>|
| 491212 | Term Loan B4, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 5/9/2029 | &nbsp;&nbsp; 487528 |
| 1596529 | &nbsp;&nbsp; Starwood Property Trust, Inc., First Lien Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, due <br> 11/18/2027<br>| &nbsp;&nbsp; 1592537<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **2796470** |
| **Oil, Gas & Consumable Fuels 5.6%** | **Oil, Gas & Consumable Fuels 5.6%** | **Oil, Gas & Consumable Fuels 5.6%** |
| 1280000 | &nbsp;&nbsp; AL GCX Fund VIII Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due <br> 1/30/2032<br>| &nbsp;&nbsp; 1263462 |
| 1263673 | AL GCX Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 5/17/2029 | &nbsp;&nbsp; 1252616 |
| 1769106 | AL NGPL Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.78%, due 4/13/2028 | &nbsp;&nbsp; 1763586 |
| 1514316 | &nbsp;&nbsp; BCP Renaissance Parent LLC, Term Loan B3, (3 mo. USD Term SOFR + 3.00%), 7.30%, due <br> 10/31/2028<br>| &nbsp;&nbsp; 1509394 |
| 1077385 | Brazos Delaware II LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 2/11/2030 | &nbsp;&nbsp; 1074153 |
| 1496242 | CPPIB Capital, Inc., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 7.05%, due 8/20/2031 | &nbsp;&nbsp; 1484392 |
| 1340000 | EMG Utica LLC, Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.30%, due 4/1/2030 | &nbsp;&nbsp; 1329950<br> <sup>(e)</sup><br>|
| 1169001 | &nbsp;&nbsp; Freeport LNG Investments LLLP, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.52%, due <br> 12/21/2028<br>| &nbsp;&nbsp; 1149128 |
| 1788710 | &nbsp;&nbsp; GIP Pilot Acquisition Partners LP, Term Loan B, (3 mo. USD Term SOFR + 2.00%), 6.28%, due <br> 10/4/2030<br>| &nbsp;&nbsp; 1773059 |
| 1379070 | ITT Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 10/11/2030 | &nbsp;&nbsp; 1367003 |
| 1600000 | M6 ETX Holdings II Midco LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 4/1/2032 | &nbsp;&nbsp; 1588496 |
| 1491129 | New Fortress Energy, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.50%), 9.79%, due 10/30/2028 | &nbsp;&nbsp; 1064994 |
| 1346400 | NGL Energy Partners LP, Term Loan B, (1 mo. USD Term SOFR + 3.75%), 8.07%, due 2/3/2031 | &nbsp;&nbsp; 1271513 |
| 1201988 | &nbsp;&nbsp; NGP XI Midstream Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 7.80%, due <br> 7/25/2031<br>| &nbsp;&nbsp; 1183958 |
| 2317773 | &nbsp;&nbsp; Oryx Midstream Services Permian Basin LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 6.57%, <br> due 10/5/2028<br>| &nbsp;&nbsp; 2292069 |
| 1188941 | Prairie ECI Acquiror LP, Term Loan B, (1 mo. USD Term SOFR + 4.25%), 8.57%, due 8/1/2029 | &nbsp;&nbsp; 1169026 |
| 2119688 | &nbsp;&nbsp; Rockpoint Gas Storage Partners LP, Term Loan B, (3 mo. USD Term SOFR + 3.00%), 7.30%, due <br> 9/18/2031<br>| &nbsp;&nbsp; 2091199 |
| 1907402 | &nbsp;&nbsp; Traverse Midstream Partners LLC, Term Loan, (3 mo. USD Term SOFR + 3.00%), 7.28%, due <br> 2/16/2028<br>| &nbsp;&nbsp; 1897865<br> <sup>(e)</sup><br>|
| 1338275 | &nbsp;&nbsp; Waterbridge Midstream Operating LLC, Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.31%, due <br> 5/10/2029<br>| &nbsp;&nbsp; 1306772 |
|  |  | &nbsp;&nbsp; **27832635** |
| **Paper & Forest Products 0.1%** | **Paper & Forest Products 0.1%** | **Paper & Forest Products 0.1%** |
| 648500 | Spa Holdings 3 Oy, Term Loan B, (3 mo. USD Term SOFR + 3.75%), 8.31%, due 2/4/2028 | &nbsp;&nbsp; **641205** |
| **Passenger Airlines 0.6%** | **Passenger Airlines 0.6%** | **Passenger Airlines 0.6%** |
| 1203147 | American Airlines, Inc., Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.52%, due 4/20/2028 | &nbsp;&nbsp; 1176076 |
| 1600000 | &nbsp;&nbsp; Vista Management Holding, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.75%), 8.05%, due <br> 4/1/2031<br>| &nbsp;&nbsp; 1591328 |
|  |  | &nbsp;&nbsp; **2767404** |
| **Personal Care Products 0.5%** | **Personal Care Products 0.5%** | **Personal Care Products 0.5%** |
| 2720000 | Opal Bidco SAS, Term Loan B, (1 mo. USD Term SOFR), due 3/31/2032 | &nbsp;&nbsp; **2694514**<br> <sup>(f)(g)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Pharmaceuticals 0.5%** | **Pharmaceuticals 0.5%** | **Pharmaceuticals 0.5%** |
| $2450000 | Bausch Health Cos, Inc., Term Loan B, (1 mo. USD Term SOFR + 6.25%), 10.57%, due 10/8/2030 | &nbsp;&nbsp; **$2307091** |
| **Professional Services 3.4%** | **Professional Services 3.4%** | **Professional Services 3.4%** |
| 1208933 | AAL Delaware Holdco, Inc., Term Loan, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 7/30/2031 | &nbsp;&nbsp; 1205161 |
| 1243667 | Amspec Parent LLC, Term Loan, (3 mo. USD Term SOFR + 4.25%), 8.55%, due 12/22/2031 | &nbsp;&nbsp; 1240558<br> <sup>(e)</sup><br>|
| 1345000 | Berkeley Research Group LLC, Term Loan B, (1 mo. USD Term SOFR), due 3/17/2032 | &nbsp;&nbsp; 1326089<br> <sup>(f)(g)</sup><br>|
| 1299248 | CohnReznick LLP, Term Loan, (3 mo. USD Term SOFR + 4.00%), 8.30%, due 3/31/2032 | &nbsp;&nbsp; 1296000<br> <sup>(e)</sup><br>|
| 988764 | Corporation Service Co., Term Loan B, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 11/2/2029 | &nbsp;&nbsp; 978056 |
| 1142553 | Deerfield Dakota Holding LLC, Term Loan B, (3 mo. USD Term SOFR + 3.75%), 8.05%, due 4/9/2027 | &nbsp;&nbsp; 1079838 |
| 1555372 | Eisner Advisory Group LLC, Term Loan B, (1 mo. USD Term SOFR + 4.00%), 8.32%, due 2/28/2031 | &nbsp;&nbsp; 1549212 |
| 1358725 | &nbsp;&nbsp; Element Materials Technology Group U.S. Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + <br> 3.75%), 8.05%, due 7/6/2029<br>| &nbsp;&nbsp; 1350655 |
| 2570000 | EOC Borrower LLC, Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 3/24/2032 | &nbsp;&nbsp; 2533583 |
| 1581038 | &nbsp;&nbsp; First Advantage Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due <br> 10/31/2031<br>| &nbsp;&nbsp; 1567694 |
| 1383969 | &nbsp;&nbsp; Genuine Financial Holdings LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due <br> 9/27/2030<br>| &nbsp;&nbsp; 1348221 |
| 1594663 | Ryan LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.82%, due 11/14/2030 | &nbsp;&nbsp; 1589081 |
|  |  | &nbsp;&nbsp; **17064148** |
| **Real Estate Management & Development 0.7%** | **Real Estate Management & Development 0.7%** | **Real Estate Management & Development 0.7%** |
| 1701875 | &nbsp;&nbsp; Cushman & Wakefield U.S. Borrower LLC, Term Loan, (1 mo. USD Term SOFR + 3.25%), 7.57%, due <br> 1/31/2030<br>| &nbsp;&nbsp; 1700462 |
| 1704169 | &nbsp;&nbsp; Greystar Real Estate Partners LLC, First Lien Term Loan B, (3 mo. USD Term SOFR + 2.75%), 7.03%, <br> due 8/21/2030<br>| &nbsp;&nbsp; 1691388<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **3391850** |
| **Software 11.1%** | **Software 11.1%** | **Software 11.1%** |
|  | Applied Systems, Inc. |  |
| 848598 | First Lien Term Loan, (3 mo. USD Term SOFR + 2.75%), 7.05%, due 2/24/2031 | &nbsp;&nbsp; 846239 |
| 500000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 4.50%), 8.80%, due 2/23/2032 | &nbsp;&nbsp; 510470 |
| 1780000 | Avalara, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 3/26/2032 | &nbsp;&nbsp; 1768323 |
| 1565000 | Bending Spoons U.S., Inc., Term Loan B, (3 mo. USD Term SOFR + 5.25%), 9.54%, due 3/7/2031 | &nbsp;&nbsp; 1559131 |
| 478245 | Cast & Crew Payroll LLC, Term Loan, (1 mo. USD Term SOFR + 3.75%), 8.07%, due 12/29/2028 | &nbsp;&nbsp; 456939 |
| 1745625 | CCC Intelligent Solutions, Inc., Term Loan, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 1/23/2032 | &nbsp;&nbsp; 1741261 |
| 1307098 | Central Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 7/6/2029 | &nbsp;&nbsp; 1086173 |
| 1540000 | Clearwater Analytics LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.52%, due 4/21/2032 | &nbsp;&nbsp; 1532300<br> <sup>(e)</sup><br>|
|  | Cloudera, Inc. |  |
| 883491 | Term Loan, (1 mo. USD Term SOFR + 3.75%), 8.17%, due 10/8/2028 | &nbsp;&nbsp; 867482 |
| 995000 | Second Lien Term Loan, (1 mo. USD Term SOFR + 6.00%), 10.42%, due 10/8/2029 | &nbsp;&nbsp; 931987 |
| 1840483 | ConnectWise LLC, Term Loan B, (3 mo. USD Term SOFR + 3.50%), 8.06%, due 9/29/2028 | &nbsp;&nbsp; 1834354 |
| 1393009 | Constant Contact, Inc., Term Loan, (3 mo. USD Term SOFR + 4.00%), 8.52%, due 2/10/2028 | &nbsp;&nbsp; 1267986 |
|  | Darktrace PLC |  |
| 1410000 | First Lien Term Loan, (3 mo. USD Term SOFR + 3.25%), 7.46%, due 10/9/2031 | &nbsp;&nbsp; 1399820 |
| 470000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 5.25%), 9.46%, due 10/9/2032 | &nbsp;&nbsp; 446500 |
|  | Ellucian Holdings, Inc. |  |
| 1267615 | First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 10/9/2029 | &nbsp;&nbsp; 1261048 |
| 470000 | Second Lien Term Loan, (1 mo. USD Term SOFR + 4.75%), 9.07%, due 11/22/2032 | &nbsp;&nbsp; 469412 |
| 1557175 | Epicor Software Corp., Term Loan E, (1 mo. USD Term SOFR + 2.75%), 7.07%, due 5/30/2031 | &nbsp;&nbsp; 1548330 |
| 1574779 | Flexera Software LLC, First Lien Term Loan, (3 mo. USD Term SOFR + 3.00%), 7.30%, due 3/3/2028 | &nbsp;&nbsp; 1564653 |
| 769778 | &nbsp;&nbsp; Foundational Education Group, Inc., First Lien Term Loan, (3 mo. USD Term SOFR + 3.75%), 8.29%, <br> due 8/31/2028<br>| &nbsp;&nbsp; 691515 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Software – cont'd** | **Software – cont'd** | **Software – cont'd** |
| $2548613 | &nbsp;&nbsp; Genesys Cloud Services Holdings II LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due <br> 1/30/2032<br>| &nbsp;&nbsp; $2510919 |
| 1610000 | IGT Holding IV AB, Term Loan B5, (3 mo. USD Term SOFR + 3.50%), 7.78%, due 9/1/2031 | &nbsp;&nbsp; 1610000<br> <sup>(e)</sup><br>|
|  | Instructure Holdings, Inc. |  |
| 1580000 | Term Loan, (3 mo. USD Term SOFR + 3.00%), 7.32%, due 11/13/2031 | &nbsp;&nbsp; 1569635 |
| 450000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 5.00%), 9.32%, due 11/12/2032 | &nbsp;&nbsp; 442548 |
| 691283 | Ivanti Software, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.79%, due 12/1/2027 | &nbsp;&nbsp; 514515 |
|  | Javelin Buyer, Inc. |  |
| 1115000 | First Lien Term Loan, (3 mo. USD Term SOFR + 3.25%), 7.56%, due 12/5/2031 | &nbsp;&nbsp; 1110473 |
| 225000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 5.25%), 9.56%, due 12/6/2032 | &nbsp;&nbsp; 219938<br> <sup>(e)</sup><br>|
|  | Kaseya, Inc. |  |
| 2165000 | First Lien Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 3/20/2032 | &nbsp;&nbsp; 2147983 |
| 540000 | Second Lien Term Loan B, (1 mo. USD Term SOFR + 5.00%), 9.32%, due 3/18/2033 | &nbsp;&nbsp; 526727 |
|  | Maverick Bidco, Inc. |  |
| 1573380 | Term Loan, (3 mo. USD Term SOFR + 3.75%), 8.18%, due 5/18/2028 | &nbsp;&nbsp; 1552738 |
| 245000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 6.75%), 11.18%, due 5/18/2029 | &nbsp;&nbsp; 240100 |
| 1813940 | McAfee LLC, First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 3/1/2029 | &nbsp;&nbsp; 1698301 |
|  | MH Sub I LLC |  |
| 1484270 | Term Loan, (1 mo. USD Term SOFR + 4.25%), 8.57%, due 5/3/2028 | &nbsp;&nbsp; 1402635 |
| 465000 | Second Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 10.57%, due 2/23/2029 | &nbsp;&nbsp; 411525 |
| 1429134 | Term Loan B4, (1 mo. USD Term SOFR + 4.25%), 8.57%, due 12/31/2031 | &nbsp;&nbsp; 1249220 |
| 1429987 | OceanKey (U.S.) II Corp., Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.92%, due 12/15/2028 | &nbsp;&nbsp; 1416045 |
| 470000 | &nbsp;&nbsp; Project Alpha Intermediate Holding, Inc., Second Lien Term Loan, (1 mo. USD Term SOFR), due <br> 11/22/2032<br>| &nbsp;&nbsp; 449437<br> <sup>(f)(g)</sup><br>|
| 1090938 | &nbsp;&nbsp; Project Leopard Holdings, Inc., Term Loan B, (3 mo. USD Term SOFR + 5.25%), 9.63%, due <br> 7/20/2029<br>| &nbsp;&nbsp; 938752 |
| 2473753 | Proofpoint, Inc., Term Loan, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 8/31/2028 | &nbsp;&nbsp; 2457674 |
| 2135000 | RealPage, Inc., Term Loan, (3 mo. USD Term SOFR + 3.75%), 8.05%, due 4/24/2028 | &nbsp;&nbsp; 2128766 |
| 195461 | Riverbed Technology, Inc., Term Loan, (3 mo. USD Term SOFR + 2.50%), 6.80%, due 7/1/2028 | &nbsp;&nbsp; 104376 |
| 934409 | SS&C Technologies, Inc., Term Loan B8, (1 mo. USD Term SOFR + 2.00%), 6.32%, due 5/9/2031 | &nbsp;&nbsp; 932755 |
| 1880069 | Surf Holdings LLC, Term Loan, (1 mo. USD Term SOFR + 3.50%), 7.93%, due 3/5/2027 | &nbsp;&nbsp; 1877136 |
| 2173575 | UKG, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.00%), 7.32%, due 2/10/2031 | &nbsp;&nbsp; 2164989 |
|  | Vision Solutions, Inc. |  |
| 1438861 | Term Loan, (3 mo. USD Term SOFR + 4.00%), 8.54%, due 4/24/2028 | &nbsp;&nbsp; 1334544<br> <sup>(f)(g)</sup><br>|
| 835000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 7.25%), 11.79%, due 4/23/2029 | &nbsp;&nbsp; 764810 |
| 1542260 | VS Buyer LLC, First Lien Term Loan B, (3 mo. USD Term SOFR + 2.75%), 7.02%, due 4/12/2031 | &nbsp;&nbsp; 1533592 |
|  |  | &nbsp;&nbsp; **55094056** |
| **Specialty Retail 1.0%** | **Specialty Retail 1.0%** | **Specialty Retail 1.0%** |
| 2732500 | Great Outdoors Group LLC, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.57%, due 1/23/2032 | &nbsp;&nbsp; 2666237 |
| 211788 | LIDS Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 5.50%), 9.95%, due 12/14/2026 | &nbsp;&nbsp; 209670<br> <sup>(e)</sup><br>|
| 1459993 | &nbsp;&nbsp; Petco Health & Wellness Co., Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.81%, due <br> 3/3/2028<br>| &nbsp;&nbsp; 1269917<br> <sup>(f)(g)</sup><br>|
| 724496 | Tailored Brands, Inc., Term Loan, (3 mo. USD Term SOFR + 6.50%), 10.79%, due 2/26/2029 | &nbsp;&nbsp; 712419 |
|  |  | &nbsp;&nbsp; **4858243** |
| **Trading Companies & Distributors 3.8%** | **Trading Companies & Distributors 3.8%** | **Trading Companies & Distributors 3.8%** |
| 1848300 | Barentz International BV, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.65%, due 3/3/2031 | &nbsp;&nbsp; 1822886 |
| 1918250 | BCPE Empire Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 12/11/2030 | &nbsp;&nbsp; 1895480 |
| 1727550 | CD&R Hydra Buyer, Inc., Term Loan B, (1 mo. USD Term SOFR + 4.00%), 8.42%, due 3/25/2031 | &nbsp;&nbsp; 1659536 |
|  | Fluid-Flow Products, Inc. |  |
| 1093871 | Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.55%, due 3/31/2028 | &nbsp;&nbsp; 1086488 |

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Trading Companies & Distributors – cont'd** | **Trading Companies & Distributors – cont'd** | **Trading Companies & Distributors – cont'd** |
| $550000 | Second Lien Term Loan, (3 mo. USD Term SOFR + 6.75%), 11.31%, due 3/30/2029 | &nbsp;&nbsp; $528000 |
| 1791900 | &nbsp;&nbsp; Foundation Building Materials Holding Co. LLC, Term Loan B2, (1 mo. USD Term SOFR + 4.00%, 3 <br> mo. USD Term SOFR + 4.00%), 8.28% – 8.32%, due 1/29/2031<br>| &nbsp;&nbsp; 1646631<br> <sup>(d)</sup><br>|
| 1521873 | GYP Holdings III Corp., Term Loan, (1 mo. USD Term SOFR + 2.25%), 6.57%, due 5/12/2030 | &nbsp;&nbsp; 1506655<br> <sup>(e)</sup><br>|
| 1338275 | Johnstone Supply LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 6/9/2031 | &nbsp;&nbsp; 1325307 |
| 1615622 | &nbsp;&nbsp; PEARLS (Netherlands) Bidco BV, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.53%, due <br> 2/26/2029<br>| &nbsp;&nbsp; 1591889 |
| 2015000 | QXO, Inc., Term Loan B, (1 mo. USD Term SOFR), due 4/23/2032 | &nbsp;&nbsp; 2012481<br> <sup>(f)(g)</sup><br>|
| 1866822 | Veritiv Corp., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.30%, due 11/30/2030 | &nbsp;&nbsp; 1848452 |
| 2019938 | White Cap Buyer LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 7.57%, due 10/19/2029 | &nbsp;&nbsp; 1965298 |
|  |  | &nbsp;&nbsp; **18889103** |
| **Transportation Infrastructure 1.1%** | **Transportation Infrastructure 1.1%** | **Transportation Infrastructure 1.1%** |
|  | Brown Group Holding LLC |  |
| 781867 | &nbsp;&nbsp; Term Loan B2, (1 mo. USD Term SOFR + 2.50%, 3 mo. USD Term SOFR + 2.50%), 6.78% – <br> 6.82%, due 7/1/2031<br>| &nbsp;&nbsp; 773156<br> <sup>(d)</sup><br>|
| 1003160 | Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 7/1/2031 | &nbsp;&nbsp; 992005 |
| 2847863 | KKR Apple Bidco LLC, Term Loan, (1 mo. USD Term SOFR + 2.50%), 6.82%, due 9/23/2031 | &nbsp;&nbsp; 2809730 |
| 1106913 | Radar Bidco SARL, Term Loan, (3 mo. USD Term SOFR + 3.75%), 8.03%, due 4/4/2031 | &nbsp;&nbsp; 1084775 |
|  |  | &nbsp;&nbsp; **5659666** |
| **Water Utilities 0.2%** | **Water Utilities 0.2%** | **Water Utilities 0.2%** |
| 1043428 | &nbsp;&nbsp; Waterbridge Midstream Operating LLC, First Lien Term Loan B, (3 mo. USD Term SOFR + 4.75%), <br> 9.05%, due 6/27/2029<br>| &nbsp;&nbsp; **991977** |
| **Total Loan Assignments (Cost $464,857,055)** | **Total Loan Assignments (Cost $464,857,055)** | &nbsp;&nbsp; **457303696** |
| Number of Shares | Number of Shares |  |
| **Common Stocks 0.2%** | **Common Stocks 0.2%** | **Common Stocks 0.2%** |
| **Commercial Services 0.1%** | **Commercial Services 0.1%** | **Commercial Services 0.1%** |
| 45996 | Envision Healthcare Corp. | &nbsp;&nbsp; 545053<br> <sup>\*</sup><br>|
| 170703 | Sound Physicians Holdings LLC Class A<sup>(h)</sup> | &nbsp;&nbsp; 0<br> <sup>\*#(e)(i)</sup><br>|
| 7642 | Sound Physicians Holdings LLC Class A2<sup>(h)</sup> | &nbsp;&nbsp; 0<br> <sup>\*#(e)(i)</sup><br>|
|  |  | &nbsp;&nbsp; **545053** |
| **Energy Equipment & Services 0.1%** | **Energy Equipment & Services 0.1%** | **Energy Equipment & Services 0.1%** |
| 44476 | Brock Holdings III, Inc. | &nbsp;&nbsp; **536380**<br> <sup>\*#(e)(i)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Number of Shares | Number of Shares | Value |
| **IT Services 0.0%**<sup>‡</sup> | **IT Services 0.0%**<sup>‡</sup> | **IT Services 0.0%**<sup>‡</sup> |
| $4020 | Riverbed Technology, Inc. | &nbsp;&nbsp; **$40**<br> <sup>\*(e)</sup><br>|
| **Total Common Stocks (Cost $1,029,077)** | **Total Common Stocks (Cost $1,029,077)** | &nbsp;&nbsp; **1081473** |
| **Short-Term Investments 4.3%** | **Short-Term Investments 4.3%** | **Short-Term Investments 4.3%** |
| **Investment Companies 4.3%** | **Investment Companies 4.3%** | **Investment Companies 4.3%** |
| 21536659 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, 4.29%<sup>(j)</sup> <br> **(Cost $21,536,659)**<br>| &nbsp;&nbsp; **21536659** |
| **Total Investments 100.0% (Cost $504,291,851)** | **Total Investments 100.0% (Cost $504,291,851)** | &nbsp;&nbsp; **495920519** |
| Liabilities Less Other Assets (0.0)%<sup>‡</sup>  | Liabilities Less Other Assets (0.0)%<sup>‡</sup>  | &nbsp;&nbsp; (221694)<sup>(k)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$495698825** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended, or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from registration, may only be sold to qualified institutional investors or may have other restrictions on resale. At April 30, 2025, these securities amounted to $15,016,805, which represents 3.0% of net assets of the Fund. 

(b) Variable or floating rate security. The interest rate shown was the current rate as of April 30, 2025 and changes periodically. 

(c) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve directed selling efforts in the United States and as such may have restrictions on resale. Total value of all such securities at April 30, 2025 amounted to $981,886, which represents 0.2% of net assets of the Fund. 

(d) The stated interest rates represent the range of rates at April 30, 2025 of the underlying contracts within the Loan Assignment. 

(e) Value determined using significant unobservable inputs.

(f) All or a portion of this security was purchased on a delayed delivery basis.

(g) All or a portion of this security had not settled as of April 30, 2025 and thus may not have an interest rate in effect. Interest rates do not take effect until settlement. 

(h) Security represented in Units.

(i) Security fair valued as of April 30, 2025 in accordance with procedures approved by the valuation designee. Total value of all such securities at April 30, 2025 amounted to $536,380, which represents 0.1% of net assets of the Fund. 

(j) Represents 7-day effective yield as of April 30, 2025.

(k) As of April 30, 2025, the value of unfunded loan commitments was $1,458,582 for the Fund (see Note A of the Notes to Financial Statements). 

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

#

This security is subject to restrictions on resale. Total value of all such securities at April 30, 2025 amounted to $536,380, which represents 0.1% of net assets of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| &nbsp;&nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| &nbsp;&nbsp;&nbsp; **Value as of** <br>**4/30/2025**<br>| &nbsp;&nbsp;&nbsp; **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**as of** <br>**4/30/2025**<br>|
| Brock Holdings III, Inc. | 1/22/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $536582 | &nbsp;&nbsp;&nbsp;&nbsp; $536380 | &nbsp;&nbsp;&nbsp;&nbsp; 0.1<br> %<br>|
| Sound Physicians Holdings LLC Class A | 5/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|
| Sound Physicians Holdings LLC Class A2 | 5/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|
| **Total** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$536582** | &nbsp;&nbsp;&nbsp;&nbsp; **$536380** | &nbsp;&nbsp;&nbsp;&nbsp; **0.1%**<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| **Percentage of** <br>**Net Assets**<br>|
| United States | &nbsp;&nbsp; $422137388 | 85.2<br> %<br>|
| Luxembourg | &nbsp;&nbsp; 10801542 | 2.2<br> %<br>|
| United Kingdom | &nbsp;&nbsp; 8331672 | 1.7<br> %<br>|
| Netherlands | &nbsp;&nbsp; 6446036 | 1.3<br> %<br>|
| Cayman Islands | &nbsp;&nbsp; 6264119 | 1.3<br> %<br>|
| Canada | &nbsp;&nbsp; 5446090 | 1.1<br> %<br>|
| Sweden | &nbsp;&nbsp; 3518238 | 0.7<br> %<br>|
| Germany | &nbsp;&nbsp; 2791949 | 0.6<br> %<br>|
| France | &nbsp;&nbsp; 2739585 | 0.5<br> %<br>|
| Hong Kong | &nbsp;&nbsp; 1591012 | 0.3<br> %<br>|
| Denmark | &nbsp;&nbsp; 1503198 | 0.3<br> %<br>|
| Jersey | &nbsp;&nbsp; 1275625 | 0.2<br> %<br>|
| Spain | &nbsp;&nbsp; 1029179 | 0.2<br> %<br>|
| Finland | &nbsp;&nbsp; 508227 | 0.1<br> %<br>|
| Short-Term Investments and Other Liabilities—Net | &nbsp;&nbsp; 21314965 | 4.3<br> %<br>|
|  | &nbsp;&nbsp; **$495698825** | **100.0%**<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Asset-Backed Securities<sup>#</sup> <br>| $— | $6199379 | $— | $6199379 |
| Corporate Bonds<sup>#</sup> <br>|  | 9799312 |  | 9799312 |
| Loan Assignments |  |  |  |  |
| Automobile Components |  | 1672243 | 1355076 | 3027319 |
| Capital Markets |  | 18458485 | 1473524 | 19932009 |
| Chemicals |  | 10692318 | 1390291 | 12082609 |
| Commercial Services & Supplies |  | 19384060 | 1740686 | 21124746 |
| Diversified Telecommunication Services |  | 19362723 | 2610523 | 21973246 |
| Entertainment |  | 5257246 | 1531162 | 6788408 |
| Financial Services |  | 3301164 | 1425627 | 4726791 |
| Food Products |  | 3903336 | 3748348 | 7651684 |
| Health Care Providers & Services |  | 24541952 | 1451472 | 25993424 |
| Health Care Technology |  | 10498002 | 708643 | 11206645 |
| Hotels, Restaurants & Leisure |  | 15468996 | 3838435 | 19307431 |
| IT Services |  | 5386327 | 2933263 | 8319590 |
| Metals & Mining |  | 5847239 | 1085224 | 6932463 |
| Mortgage Real Estate Investment Trusts |  | 487528 | 2308942 | 2796470 |
| Oil, Gas & Consumable Fuels |  | 24604820 | 3227815 | 27832635 |
| Professional Services |  | 14527590 | 2536558 | 17064148 |
| Real Estate Management & Development |  | 1700462 | 1691388 | 3391850 |
| Software |  | 51731818 | 3362238 | 55094056 |
| Specialty Retail |  | 4648573 | 209670 | 4858243 |
| Trading Companies & Distributors |  | 17382448 | 1506655 | 18889103 |
| Other Loan Assignments<sup>#</sup> <br>|  | 158310826 |  | 158310826 |
| Total Loan Assignments |  | 417168156 | 40135540 | 457303696 |
| Common Stocks |  |  |  |  |
| Commercial Services |  | 545053 |  | 545053 |
| Energy Equipment & Services |  |  | 536380 | 536380 |
| IT Services |  |  | 40 | 40 |
| Total Common Stocks |  | 545053 | 536420 | 1081473 |
| Short-Term Investments |  | 21536659 |  | 21536659 |
| **Total Investments** | **$—** | **$455248559** | **$40671960** | **$495920519** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

See Notes to Financial Statements

------

Schedule of Investments Floating Rate Income Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following is a reconciliation between the beginning and ending balances of investments
 in which significant unobservable inputs (Level 3) were used in determining value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| (000's <br>omitted)<br>| Beginning <br>balance as <br>of 11/1/2024<br>| Accrued <br>discounts/ <br>(premiums)<br>| Realized <br>gain/(loss)<br>| Change <br>in unrealized <br>appreciation/ <br>(depreciation)<br>| Purchases | Sales/ <br>Other <br>Reductions<br>| Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance <br>as of <br>4/30/2025<br>| Net change in <br>unrealized <br>appreciation/ <br>(depreciation) <br>from <br>investments <br>still held as of <br>4/30/2025<br>|
| Investments in <br>Securities: <br>|  |  |  |  |  |  |  |  |  |  |
| Loan <br> Assignments<sup>(1)(2)</sup><br>| $15572 | $30 | $(30)<br>| $(240)<br>| $25427 | $(6178)<br>| $12519 | $(6965)<br>| $40135 | $(243)<br>|
| Common <br> Stocks<sup>(1)(3)</sup><br>| 537 |  |  |  |  |  |  |  | 537 |  |
| Total | $16109 | $30 | $(30)<br>| $(240)<br>| $25427 | $(6178)<br>| $12519 | $(6965)<br>| $40672 | $(243)<br>|
| (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. | (1) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a <br> dealer. |
| (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | (2) Transfers out of Level 3 were attributable to observable market data becoming available for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. |
| (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: | (3) Quantitative Information about Level 3 Fair Value Measurements: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Investment type | Fair value <br>at <br>4/30/2025<br>| Valuation <br>approach<br>| Significant unobservable <br>input(s)<br>| Input value/ <br>range<br>| Weighted <br>average<sup>(a)</sup><br>| Impact to <br>valuation <br>from <br>increase <br>in input<sup>(b)</sup><br>|
| Common Stocks | $536380 | Market Approach | Transaction Price | $12.06 | $12.06 | Increase |
| (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |

---

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Asset-Backed Securities 0.9%** | **Asset-Backed Securities 0.9%** | **Asset-Backed Securities 0.9%** |
| **Other 0.9%** | **Other 0.9%** | **Other 0.9%** |
| $1000000 | &nbsp;&nbsp; Ballyrock CLO 28 Ltd., Series 2024-28A, Class D, (3 mo. USD Term SOFR + 5.00%), 9.33%, due <br> 1/20/2038<br>| &nbsp;&nbsp; $965064<br> <sup>(a)(b)</sup><br>|
| 1500000 | &nbsp;&nbsp; Ballyrock CLO Ltd., Series 2020-2A, Class CR, (3 mo. USD Term SOFR + 3.21%), 7.48%, due <br> 10/20/2031<br>| &nbsp;&nbsp; 1502070<br> <sup>(a)(b)</sup><br>|
| 500000 | &nbsp;&nbsp; Oaktree CLO Ltd., Series 2024-25A, Class E, (3 mo. USD Term SOFR + 6.59%), 10.86%, due <br> 4/20/2037<br>| &nbsp;&nbsp; 497500<br> <sup>(a)(b)</sup><br>|
| 1400000 | &nbsp;&nbsp; Symphony CLO 42 Ltd., Series 2024-42A, Class E, (3 mo. USD Term SOFR + 6.75%), 11.03%, due <br> 4/17/2037<br>| &nbsp;&nbsp; 1359966<br> <sup>(a)(b)</sup><br>|
| 1000000 | &nbsp;&nbsp; Symphony CLO 44 Ltd., Series 2024-44A, Class D, (3 mo. USD Term SOFR + 3.20%), 7.44%, due <br> 7/14/2037<br>| &nbsp;&nbsp; 965677<br> <sup>(a)(b)</sup><br>|
| **Total Asset-Backed Securities (Cost $5,401,450)** | **Total Asset-Backed Securities (Cost $5,401,450)** | &nbsp;&nbsp; **5290277** |
| **Corporate Bonds 93.3%** | **Corporate Bonds 93.3%** | **Corporate Bonds 93.3%** |
| **Advertising 0.6%** | **Advertising 0.6%** | **Advertising 0.6%** |
|  | Clear Channel Outdoor Holdings, Inc. |  |
| 630000 | 5.13%, due 8/15/2027 | &nbsp;&nbsp; 612541<br> <sup>(a)</sup><br>|
| 665000 | 9.00%, due 9/15/2028 | &nbsp;&nbsp; 688311<br> <sup>(a)</sup><br>|
| 885000 | 7.88%, due 4/1/2030 | &nbsp;&nbsp; 885396<br> <sup>(a)</sup><br>|
| 725000 | CMG Media Corp., 8.88%, due 6/18/2029 | &nbsp;&nbsp; 634375<br> <sup>(a)</sup><br>|
| 830000 | Neptune Bidco U.S., Inc., 9.29%, due 4/15/2029 | &nbsp;&nbsp; 738700<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **3559323** |
| **Aerospace & Defense 2.2%** | **Aerospace & Defense 2.2%** | **Aerospace & Defense 2.2%** |
| 865000 | AAR Escrow Issuer LLC, 6.75%, due 3/15/2029 | &nbsp;&nbsp; 885487<br> <sup>(a)</sup><br>|
|  | Bombardier, Inc. |  |
| 740000 | 6.00%, due 2/15/2028 | &nbsp;&nbsp; 731790<br> <sup>(a)</sup><br>|
| 650000 | 8.75%, due 11/15/2030 | &nbsp;&nbsp; 696482<br> <sup>(a)</sup><br>|
| 1100000 | 7.25%, due 7/1/2031 | &nbsp;&nbsp; 1126240<br> <sup>(a)</sup><br>|
| 275000 | 7.00%, due 6/1/2032 | &nbsp;&nbsp; 278226<br> <sup>(a)</sup><br>|
| 2095000 | Goat Holdco LLC, 6.75%, due 2/1/2032 | &nbsp;&nbsp; 2047862<br> <sup>(a)</sup><br>|
|  | TransDigm, Inc. |  |
| 535000 | 5.50%, due 11/15/2027 | &nbsp;&nbsp; 532453 |
| 2825000 | 6.75%, due 8/15/2028 | &nbsp;&nbsp; 2881766<br> <sup>(a)</sup><br>|
| 1115000 | 6.38%, due 3/1/2029 | &nbsp;&nbsp; 1135864<br> <sup>(a)</sup><br>|
| 1775000 | 6.88%, due 12/15/2030 | &nbsp;&nbsp; 1828877<br> <sup>(a)</sup><br>|
| 1380000 | 6.63%, due 3/1/2032 | &nbsp;&nbsp; 1413609<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **13558656** |
| **Airlines 1.0%** | **Airlines 1.0%** | **Airlines 1.0%** |
| 4440000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, due 4/20/2029 | &nbsp;&nbsp; 4306370<br> <sup>(a)</sup><br>|
| 950000 | United Airlines, Inc., 4.63%, due 4/15/2029 | &nbsp;&nbsp; 892343<br> <sup>(a)</sup><br>|
| 1090000 | VistaJet Malta Finance PLC/Vista Management Holding, Inc., 6.38%, due 2/1/2030 | &nbsp;&nbsp; 941069<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **6139782** |
| **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** | **Auto Manufacturers 0.2%** |
| 290000 | Nissan Motor Acceptance Co. LLC, 7.05%, due 9/15/2028 | &nbsp;&nbsp; 296487<br> <sup>(a)</sup><br>|
| 965000 | Nissan Motor Co. Ltd., 4.81%, due 9/17/2030 | &nbsp;&nbsp; 891733<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1188220** |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** |
|  | Adient Global Holdings Ltd. |  |
| $205000 | 8.25%, due 4/15/2031 | &nbsp;&nbsp; $202939<br> <sup>(a)</sup><br>|
| 255000 | 7.50%, due 2/15/2033 | &nbsp;&nbsp; 241633<br> <sup>(a)</sup><br>|
| 600000 | Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 2/15/2030 | &nbsp;&nbsp; 610380<br> <sup>(a)</sup><br>|
| 1050000 | Dornoch Debt Merger Sub, Inc., 6.63%, due 10/15/2029 | &nbsp;&nbsp; 725631<br> <sup>(a)</sup><br>|
|  | Goodyear Tire & Rubber Co. |  |
| 1140000 | 5.00%, due 7/15/2029 | &nbsp;&nbsp; 1084319 |
| 1605000 | 5.25%, due 7/15/2031 | &nbsp;&nbsp; 1495175 |
| 350000 | 5.63%, due 4/30/2033 | &nbsp;&nbsp; 323322 |
|  | IHO Verwaltungs GmbH |  |
| 755000 | 6.38% Cash/7.13% PIK, due 5/15/2029 | &nbsp;&nbsp; 731174<br> <sup>(a)(c)</sup><br>|
| 1300000 | 7.75%, due 11/15/2030 | &nbsp;&nbsp; 1269150<br> <sup>(a)</sup><br>|
| 115000 | 8.00% Cash/8.75% PIK, due 11/15/2032 | &nbsp;&nbsp; 110126<br> <sup>(a)(c)</sup><br>|
|  | ZF North America Capital, Inc. |  |
| 580000 | 6.88%, due 4/14/2028 | &nbsp;&nbsp; 553800<br> <sup>(a)</sup><br>|
| 715000 | 6.75%, due 4/23/2030 | &nbsp;&nbsp; 652486<br> <sup>(a)</sup><br>|
| 1585000 | 6.88%, due 4/23/2032 | &nbsp;&nbsp; 1391124<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **9391259** |
| **Banks 0.4%** | **Banks 0.4%** | **Banks 0.4%** |
| 495000 | Freedom Mortgage Corp., 6.63%, due 1/15/2027 | &nbsp;&nbsp; 491283<br> <sup>(a)</sup><br>|
| 1755000 | Walker & Dunlop, Inc., 6.63%, due 4/1/2033 | &nbsp;&nbsp; 1785116<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2276399** |
| **Building Materials 3.0%** | **Building Materials 3.0%** | **Building Materials 3.0%** |
|  | Builders FirstSource, Inc. |  |
| 395000 | 5.00%, due 3/1/2030 | &nbsp;&nbsp; 378985<br> <sup>(a)</sup><br>|
| 1110000 | 6.38%, due 3/1/2034 | &nbsp;&nbsp; 1101713<br> <sup>(a)</sup><br>|
| 445000 | Camelot Return Merger Sub, Inc., 8.75%, due 8/1/2028 | &nbsp;&nbsp; 385909<br> <sup>(a)</sup><br>|
|  | Cornerstone Building Brands, Inc. |  |
| 505000 | 6.13%, due 1/15/2029 | &nbsp;&nbsp; 338738<br> <sup>(a)</sup><br>|
| 720000 | 9.50%, due 8/15/2029 | &nbsp;&nbsp; 626411<br> <sup>(a)</sup><br>|
|  | EMRLD Borrower LP/Emerald Co-Issuer, Inc. |  |
| 1335000 | 6.63%, due 12/15/2030 | &nbsp;&nbsp; 1353835<br> <sup>(a)</sup><br>|
| 775000 | 6.75%, due 7/15/2031 | &nbsp;&nbsp; 790311<br> <sup>(a)</sup><br>|
|  | Jeld-Wen, Inc. |  |
| 1555000 | 4.88%, due 12/15/2027 | &nbsp;&nbsp; 1436272<br> <sup>(a)</sup><br>|
| 1050000 | 7.00%, due 9/1/2032 | &nbsp;&nbsp; 922152<br> <sup>(a)</sup><br>|
| 1465000 | Knife River Corp., 7.75%, due 5/1/2031 | &nbsp;&nbsp; 1532415<br> <sup>(a)</sup><br>|
| 1025000 | Masterbrand, Inc., 7.00%, due 7/15/2032 | &nbsp;&nbsp; 1027486<br> <sup>(a)</sup><br>|
| 370000 | Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, 6.75%, due 4/1/2032 | &nbsp;&nbsp; 370266<br> <sup>(a)</sup><br>|
| 935000 | MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030 | &nbsp;&nbsp; 842595<br> <sup>(a)</sup><br>|
| 955000 | Oscar AcquisitionCo LLC/Oscar Finance, Inc., 9.50%, due 4/15/2030 | &nbsp;&nbsp; 869054<br> <sup>(a)</sup><br>|
|  | Quikrete Holdings, Inc. |  |
| 3245000 | 6.38%, due 3/1/2032 | &nbsp;&nbsp; 3263288<br> <sup>(a)</sup><br>|
| 1285000 | 6.75%, due 3/1/2033 | &nbsp;&nbsp; 1289807<br> <sup>(a)</sup><br>|
| 1080000 | Standard Building Solutions, Inc., 6.50%, due 8/15/2032 | &nbsp;&nbsp; 1093450<br> <sup>(a)</sup><br>|
| 870000 | Standard Industries, Inc., 4.38%, due 7/15/2030 | &nbsp;&nbsp; 811374<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **18434061** |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Chemicals 3.8%** | **Chemicals 3.8%** | **Chemicals 3.8%** |
|  | Ashland, Inc. |  |
| $717000 | 3.38%, due 9/1/2031 | &nbsp;&nbsp; $622112<br> <sup>(a)</sup><br>|
| 595000 | 6.88%, due 5/15/2043 | &nbsp;&nbsp; 616796 |
|  | Avient Corp. |  |
| 1700000 | 7.13%, due 8/1/2030 | &nbsp;&nbsp; 1733317<br> <sup>(a)</sup><br>|
| 515000 | 6.25%, due 11/1/2031 | &nbsp;&nbsp; 509495<br> <sup>(a)</sup><br>|
| 1165000 | Axalta Coating Systems Dutch Holding B BV, 7.25%, due 2/15/2031 | &nbsp;&nbsp; 1206322<br> <sup>(a)</sup><br>|
|  | Celanese U.S. Holdings LLC |  |
| 635000 | 6.60%, due 11/15/2028 | &nbsp;&nbsp; 641949<br> <sup>(d)</sup><br>|
| 1060000 | 6.50%, due 4/15/2030 | &nbsp;&nbsp; 1035754 |
| 650000 | 6.80%, due 11/15/2030 | &nbsp;&nbsp; 649773<br> <sup>(d)</sup><br>|
| 300000 | 6.63%, due 7/15/2032 | &nbsp;&nbsp; 294943<br> <sup>(d)</sup><br>|
| 2015000 | 6.75%, due 4/15/2033 | &nbsp;&nbsp; 1891449 |
| 290000 | 6.95%, due 11/15/2033 | &nbsp;&nbsp; 290563<br> <sup>(d)</sup><br>|
| 805000 | Consolidated Energy Finance SA, 12.00%, due 2/15/2031 | &nbsp;&nbsp; 725689<br> <sup>(a)</sup><br>|
| 1300000 | INEOS Finance PLC, 6.75%, due 5/15/2028 | &nbsp;&nbsp; 1269223<br> <sup>(a)</sup><br>|
|  | NOVA Chemicals Corp. |  |
| 920000 | 5.25%, due 6/1/2027 | &nbsp;&nbsp; 909450<br> <sup>(a)</sup><br>|
| 830000 | 8.50%, due 11/15/2028 | &nbsp;&nbsp; 874757<br> <sup>(a)</sup><br>|
|  | Olympus Water U.S. Holding Corp. |  |
| 740000 | 7.13%, due 10/1/2027 | &nbsp;&nbsp; 741908<br> <sup>(a)</sup><br>|
| 1025000 | 9.75%, due 11/15/2028 | &nbsp;&nbsp; 1068007<br> <sup>(a)</sup><br>|
| 1250000 | 6.25%, due 10/1/2029 | &nbsp;&nbsp; 1148139<br> <sup>(a)</sup><br>|
| 365000 | 7.25%, due 6/15/2031 | &nbsp;&nbsp; 365000<br> <sup>(a)</sup><br>|
| 640000 | SCIH Salt Holdings, Inc., 6.63%, due 5/1/2029 | &nbsp;&nbsp; 621618<br> <sup>(a)</sup><br>|
| 1455000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.38%, due 11/1/2026 | &nbsp;&nbsp; 1435771<br> <sup>(a)</sup><br>|
| 1250000 | Tronox, Inc., 4.63%, due 3/15/2029 | &nbsp;&nbsp; 1011843<br> <sup>(a)</sup><br>|
| 1120000 | Vibrantz Technologies, Inc., 9.00%, due 2/15/2030 | &nbsp;&nbsp; 848361<br> <sup>(a)</sup><br>|
|  | WR Grace Holdings LLC |  |
| 635000 | 4.88%, due 6/15/2027 | &nbsp;&nbsp; 614740<br> <sup>(a)</sup><br>|
| 1005000 | 5.63%, due 8/15/2029 | &nbsp;&nbsp; 890377<br> <sup>(a)</sup><br>|
| 1225000 | 7.38%, due 3/1/2031 | &nbsp;&nbsp; 1231539<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **23248895** |
| **Commercial Services 4.9%** | **Commercial Services 4.9%** | **Commercial Services 4.9%** |
| 1800000 | Allied Universal Holdco LLC, 7.88%, due 2/15/2031 | &nbsp;&nbsp; 1838449<br> <sup>(a)</sup><br>|
| 2170000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, due 6/1/2029 | &nbsp;&nbsp; 2034972<br> <sup>(a)</sup><br>|
| 2595000 | Block, Inc., 6.50%, due 5/15/2032 | &nbsp;&nbsp; 2647627<br> <sup>(a)</sup><br>|
| 2470000 | Boost Newco Borrower LLC, 7.50%, due 1/15/2031 | &nbsp;&nbsp; 2606482<br> <sup>(a)</sup><br>|
| 915000 | Champions Financing, Inc., 8.75%, due 2/15/2029 | &nbsp;&nbsp; 805580<br> <sup>(a)</sup><br>|
|  | Garda World Security Corp. |  |
| 210000 | 7.75%, due 2/15/2028 | &nbsp;&nbsp; 216774<br> <sup>(a)</sup><br>|
| 1100000 | 6.00%, due 6/1/2029 | &nbsp;&nbsp; 1028899<br> <sup>(a)</sup><br>|
| 1150000 | 8.25%, due 8/1/2032 | &nbsp;&nbsp; 1129751<br> <sup>(a)</sup><br>|
| 785000 | 8.38%, due 11/15/2032 | &nbsp;&nbsp; 774343<br> <sup>(a)</sup><br>|
|  | Herc Holdings, Inc. |  |
| 560000 | 5.50%, due 7/15/2027 | &nbsp;&nbsp; 553721<br> <sup>(a)</sup><br>|
| 260000 | 6.63%, due 6/15/2029 | &nbsp;&nbsp; 256858<br> <sup>(a)</sup><br>|
| 2880000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, due 1/15/2028 | &nbsp;&nbsp; 2877627<br> <sup>(a)</sup><br>|
| 610000 | Raven Acquisition Holdings LLC, 6.88%, due 11/15/2031 | &nbsp;&nbsp; 594961<br> <sup>(a)</sup><br>|
| 1970000 | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, due 8/15/2032 | &nbsp;&nbsp; 1998067<br> <sup>(a)</sup><br>|
| 2385000 | Veritiv Operating Co., 10.50%, due 11/30/2030 | &nbsp;&nbsp; 2491249<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Commercial Services – cont'd** | **Commercial Services – cont'd** | **Commercial Services – cont'd** | **Commercial Services – cont'd** |
| $| 2553000 | VM Consolidated, Inc., 5.50%, due 4/15/2029 | &nbsp;&nbsp; $2461619<br> <sup>(a)</sup><br>|
|  | 2475000 | Wand NewCo 3, Inc., 7.63%, due 1/30/2032 | &nbsp;&nbsp; 2549705<br> <sup>(a)</sup><br>|
|  |  | Williams Scotsman, Inc. |  |
|  | 75000 | 4.63%, due 8/15/2028 | &nbsp;&nbsp; 72123<br> <sup>(a)</sup><br>|
|  | 775000 | 6.63%, due 6/15/2029 | &nbsp;&nbsp; 785370<br> <sup>(a)</sup><br>|
|  | 295000 | 6.63%, due 4/15/2030 | &nbsp;&nbsp; 300343<br> <sup>(a)</sup><br>|
|  | 1430000 | 7.38%, due 10/1/2031 | &nbsp;&nbsp; 1483241<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **29507761** |
| **Computers 1.0%** | **Computers 1.0%** | **Computers 1.0%** | **Computers 1.0%** |
|  | 2050000 | Ahead DB Holdings LLC, 6.63%, due 5/1/2028 | &nbsp;&nbsp; 1982211<br> <sup>(a)</sup><br>|
|  | 600000 | Amentum Holdings, Inc., 7.25%, due 8/1/2032 | &nbsp;&nbsp; 610343<br> <sup>(a)</sup><br>|
|  | 1814000 | ASGN, Inc., 4.63%, due 5/15/2028 | &nbsp;&nbsp; 1726280<br> <sup>(a)</sup><br>|
|  | 1800000 | Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031 | &nbsp;&nbsp; 1840009<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **6158843** |
| **Cosmetics - Personal Care 0.6%** | **Cosmetics - Personal Care 0.6%** | **Cosmetics - Personal Care 0.6%** | **Cosmetics - Personal Care 0.6%** |
|  | 1625000 | Opal Bidco SAS, 6.50%, due 3/31/2032 | &nbsp;&nbsp; 1625410<br> <sup>(a)</sup><br>|
|  | 1885000 | Perrigo Finance Unlimited Co., 6.13%, due 9/30/2032 | &nbsp;&nbsp; 1871134 |
|  |  |  | &nbsp;&nbsp; **3496544** |
| **Distribution - Wholesale 1.7%** | **Distribution - Wholesale 1.7%** | **Distribution - Wholesale 1.7%** | **Distribution - Wholesale 1.7%** |
|  | 1450000 | BCPE Empire Holdings, Inc., 7.63%, due 5/1/2027 | &nbsp;&nbsp; 1450000<br> <sup>(a)</sup><br>|
|  | 1335000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028 | &nbsp;&nbsp; 1295058<br> <sup>(a)</sup><br>|
|  | 755000 | Gates Corp., 6.88%, due 7/1/2029 | &nbsp;&nbsp; 766045<br> <sup>(a)</sup><br>|
|  |  | RB Global Holdings, Inc. |  |
|  | 560000 | 6.75%, due 3/15/2028 | &nbsp;&nbsp; 570980<br> <sup>(a)</sup><br>|
|  | 1480000 | 7.75%, due 3/15/2031 | &nbsp;&nbsp; 1551757<br> <sup>(a)</sup><br>|
|  |  | Resideo Funding, Inc. |  |
|  | 990000 | 4.00%, due 9/1/2029 | &nbsp;&nbsp; 911265<br> <sup>(a)</sup><br>|
|  | 1535000 | 6.50%, due 7/15/2032 | &nbsp;&nbsp; 1522701<br> <sup>(a)</sup><br>|
|  | 1960000 | Windsor Holdings III LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 2062988<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **10130794** |
| **Diversified Financial Services 4.8%** | **Diversified Financial Services 4.8%** | **Diversified Financial Services 4.8%** | **Diversified Financial Services 4.8%** |
|  | 495000 | Ally Financial, Inc., 6.70%, due 2/14/2033 | &nbsp;&nbsp; 491546 |
|  | 1490000 | Azorra Finance Ltd., 7.75%, due 4/15/2030 | &nbsp;&nbsp; 1478497<br> <sup>(a)</sup><br>|
|  | 1320000 | Focus Financial Partners LLC, 6.75%, due 9/15/2031 | &nbsp;&nbsp; 1327898<br> <sup>(a)</sup><br>|
|  |  | Freedom Mortgage Holdings LLC |  |
|  | 475000 | 9.25%, due 2/1/2029 | &nbsp;&nbsp; 483878<br> <sup>(a)</sup><br>|
|  | 470000 | 9.13%, due 5/15/2031 | &nbsp;&nbsp; 475206<br> <sup>(a)</sup><br>|
|  | 815000 | GGAM Finance Ltd., 6.88%, due 4/15/2029 | &nbsp;&nbsp; 832284<br> <sup>(a)</sup><br>|
|  |  | Jane Street Group/JSG Finance, Inc. |  |
|  | 1420000 | 7.13%, due 4/30/2031 | &nbsp;&nbsp; 1464477<br> <sup>(a)</sup><br>|
|  | 2190000 | 6.13%, due 11/1/2032 | &nbsp;&nbsp; 2152506<br> <sup>(a)</sup><br>|
|  | 445000 | 6.75%, due 5/1/2033 | &nbsp;&nbsp; 447096<br> <sup>(a)</sup><br>|
|  |  | Nationstar Mortgage Holdings, Inc. |  |
|  | 310000 | 6.00%, due 1/15/2027 | &nbsp;&nbsp; 310136<br> <sup>(a)</sup><br>|
|  | 880000 | 5.50%, due 8/15/2028 | &nbsp;&nbsp; 874673<br> <sup>(a)</sup><br>|
|  | 485000 | 6.50%, due 8/1/2029 | &nbsp;&nbsp; 492951<br> <sup>(a)</sup><br>|
|  | 145000 | 7.13%, due 2/1/2032 | &nbsp;&nbsp; 150423<br> <sup>(a)</sup><br>|
|  |  | Navient Corp. |  |
|  | 1075000 | 5.00%, due 3/15/2027 | &nbsp;&nbsp; 1064248 |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Diversified Financial Services – cont'd** | **Diversified Financial Services – cont'd** | **Diversified Financial Services – cont'd** | **Diversified Financial Services – cont'd** |
| $| 1565000 | 5.50%, due 3/15/2029 | &nbsp;&nbsp; $1481633 |
|  |  | OneMain Finance Corp. |  |
|  | 1725000 | 6.63%, due 1/15/2028 | &nbsp;&nbsp; 1737079 |
|  | 505000 | 3.88%, due 9/15/2028 | &nbsp;&nbsp; 467322 |
|  | 680000 | 6.63%, due 5/15/2029 | &nbsp;&nbsp; 681982 |
|  | 645000 | 7.13%, due 11/15/2031 | &nbsp;&nbsp; 647664 |
|  | 725000 | 6.75%, due 3/15/2032 | &nbsp;&nbsp; 711102 |
|  |  | PennyMac Financial Services, Inc. |  |
|  | 830000 | 7.13%, due 11/15/2030 | &nbsp;&nbsp; 844049<br> <sup>(a)</sup><br>|
|  | 1110000 | 5.75%, due 9/15/2031 | &nbsp;&nbsp; 1057294<br> <sup>(a)</sup><br>|
|  | 1365000 | 6.88%, due 2/15/2033 | &nbsp;&nbsp; 1363096<br> <sup>(a)</sup><br>|
|  | 1600000 | Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029 | &nbsp;&nbsp; 1642944<br> <sup>(a)</sup><br>|
|  |  | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc. |  |
|  | 230000 | 3.88%, due 3/1/2031 | &nbsp;&nbsp; 207900<br> <sup>(a)</sup><br>|
|  | 3285000 | 4.00%, due 10/15/2033 | &nbsp;&nbsp; 2841585<br> <sup>(a)</sup><br>|
|  | 1895000 | SLM Corp., 6.50%, due 1/31/2030 | &nbsp;&nbsp; 1956180 |
|  | 1505000 | UWM Holdings LLC, 6.63%, due 2/1/2030 | &nbsp;&nbsp; 1488245<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **29173894** |
| **Electric 2.9%** | **Electric 2.9%** | **Electric 2.9%** | **Electric 2.9%** |
|  | 2360000 | Alpha Generation LLC, 6.75%, due 10/15/2032 | &nbsp;&nbsp; 2405104<br> <sup>(a)</sup><br>|
|  | 1320000 | Electricite de France SA, 9.13%, due 3/15/2033 | &nbsp;&nbsp; 1476387<br> <sup>(a)(e)(f)</sup><br>|
|  | 420000 | Leeward Renewable Energy Operations LLC, 4.25%, due 7/1/2029 | &nbsp;&nbsp; 367883<br> <sup>(a)</sup><br>|
|  | 2484000 | Lightning Power LLC, 7.25%, due 8/15/2032 | &nbsp;&nbsp; 2573502<br> <sup>(a)</sup><br>|
|  |  | NRG Energy, Inc. |  |
|  | 1505000 | 10.25%, due 3/15/2028 | &nbsp;&nbsp; 1648798<br> <sup>(a)(e)(f)</sup><br>|
|  | 645000 | 5.25%, due 6/15/2029 | &nbsp;&nbsp; 637319<br> <sup>(a)</sup><br>|
|  | 1205000 | 5.75%, due 7/15/2029 | &nbsp;&nbsp; 1199331<br> <sup>(a)</sup><br>|
|  | 925000 | 6.00%, due 2/1/2033 | &nbsp;&nbsp; 915293<br> <sup>(a)</sup><br>|
|  | 1420000 | Vistra Corp., 7.00%, due 12/15/2026 | &nbsp;&nbsp; 1434051<br> <sup>(a)(e)(f)</sup><br>|
|  |  | Vistra Operations Co. LLC |  |
|  | 525000 | 4.38%, due 5/1/2029 | &nbsp;&nbsp; 504838<br> <sup>(a)</sup><br>|
|  | 1305000 | 7.75%, due 10/15/2031 | &nbsp;&nbsp; 1379883<br> <sup>(a)</sup><br>|
|  | 1690000 | 6.88%, due 4/15/2032 | &nbsp;&nbsp; 1750467<br> <sup>(a)</sup><br>|
|  |  | XPLR Infrastructure Operating Partners LP |  |
|  | 680000 | 8.38%, due 1/15/2031 | &nbsp;&nbsp; 682496<br> <sup>(a)</sup><br>|
|  | 655000 | 8.63%, due 3/15/2033 | &nbsp;&nbsp; 653621<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **17628973** |
| **Electrical Components & Equipment 0.8%** | **Electrical Components & Equipment 0.8%** | **Electrical Components & Equipment 0.8%** | **Electrical Components & Equipment 0.8%** |
|  | 1295000 | EnerSys, 6.63%, due 1/15/2032 | &nbsp;&nbsp; 1322164<br> <sup>(a)</sup><br>|
|  |  | WESCO Distribution, Inc. |  |
|  | 1085000 | 6.38%, due 3/15/2029 | &nbsp;&nbsp; 1099335<br> <sup>(a)</sup><br>|
|  | 1145000 | 6.63%, due 3/15/2032 | &nbsp;&nbsp; 1164718<br> <sup>(a)</sup><br>|
|  | 1295000 | 6.38%, due 3/15/2033 | &nbsp;&nbsp; 1310036<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4896253** |
| **Electronics 0.8%** | **Electronics 0.8%** | **Electronics 0.8%** | **Electronics 0.8%** |
|  | 1895000 | Imola Merger Corp., 4.75%, due 5/15/2029 | &nbsp;&nbsp; 1809487<br> <sup>(a)</sup><br>|
|  | 665000 | Sensata Technologies BV, 4.00%, due 4/15/2029 | &nbsp;&nbsp; 611743<br> <sup>(a)</sup><br>|
|  | 2245000 | Sensata Technologies, Inc., 6.63%, due 7/15/2032 | &nbsp;&nbsp; 2224168<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4645398** |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Engineering & Construction 0.2%** | **Engineering & Construction 0.2%** | **Engineering & Construction 0.2%** |
| $1360000 | Artera Services LLC, 8.50%, due 2/15/2031 | &nbsp;&nbsp; **$1290334**<br> <sup>(a)</sup><br>|
| **Entertainment 3.7%** | **Entertainment 3.7%** | **Entertainment 3.7%** |
| 1255000 | Allwyn Entertainment Financing U.K. PLC, 7.88%, due 4/30/2029 | &nbsp;&nbsp; 1298925<br> <sup>(a)</sup><br>|
| 600000 | Caesars Entertainment, Inc., 6.50%, due 2/15/2032 | &nbsp;&nbsp; 603143<br> <sup>(a)</sup><br>|
|  | Churchill Downs, Inc. |  |
| 555000 | 5.50%, due 4/1/2027 | &nbsp;&nbsp; 549628<br> <sup>(a)</sup><br>|
| 665000 | 4.75%, due 1/15/2028 | &nbsp;&nbsp; 644416<br> <sup>(a)</sup><br>|
| 125000 | 5.75%, due 4/1/2030 | &nbsp;&nbsp; 122247<br> <sup>(a)</sup><br>|
| 1780000 | 6.75%, due 5/1/2031 | &nbsp;&nbsp; 1797759<br> <sup>(a)</sup><br>|
| 1170000 | Light & Wonder International, Inc., 7.25%, due 11/15/2029 | &nbsp;&nbsp; 1192817<br> <sup>(a)</sup><br>|
| 840000 | Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, due 2/15/2031 | &nbsp;&nbsp; 782351<br> <sup>(a)</sup><br>|
| 2425000 | Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029 | &nbsp;&nbsp; 2289341<br> <sup>(a)</sup><br>|
| 1625000 | Motion Finco SARL, 8.38%, due 2/15/2032 | &nbsp;&nbsp; 1538210<br> <sup>(a)</sup><br>|
|  | Penn Entertainment, Inc. |  |
| 185000 | 5.63%, due 1/15/2027 | &nbsp;&nbsp; 182060<br> <sup>(a)</sup><br>|
| 2340000 | 4.13%, due 7/1/2029 | &nbsp;&nbsp; 2052454<br> <sup>(a)</sup><br>|
| 2300000 | Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, due 3/1/2030 | &nbsp;&nbsp; 2189119<br> <sup>(a)</sup><br>|
| 1805000 | SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029 | &nbsp;&nbsp; 1715604<br> <sup>(a)</sup><br>|
| 1965000 | Six Flags Entertainment Corp., 7.25%, due 5/15/2031 | &nbsp;&nbsp; 1991984<br> <sup>(a)</sup><br>|
|  | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp. |  |
| 1890000 | 6.50%, due 10/1/2028 | &nbsp;&nbsp; 1900015 |
| 790000 | 5.25%, due 7/15/2029 | &nbsp;&nbsp; 751061 |
| 710000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co., 6.63%, due <br> 5/1/2032<br>| &nbsp;&nbsp; 716369<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **22317503** |
| **Environmental Control 0.4%** | **Environmental Control 0.4%** | **Environmental Control 0.4%** |
| 2510000 | Madison IAQ LLC, 5.88%, due 6/30/2029 | &nbsp;&nbsp; **2373552**<br> <sup>(a)</sup><br>|
| **Food 1.6%** | **Food 1.6%** | **Food 1.6%** |
|  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC |  |
| 605000 | 4.88%, due 2/15/2030 | &nbsp;&nbsp; 584459<br> <sup>(a)</sup><br>|
| 1175000 | 6.25%, due 3/15/2033 | &nbsp;&nbsp; 1192093<br> <sup>(a)</sup><br>|
| 670000 | Lamb Weston Holdings, Inc., 4.13%, due 1/31/2030 | &nbsp;&nbsp; 628537<br> <sup>(a)</sup><br>|
|  | Performance Food Group, Inc. |  |
| 1645000 | 5.50%, due 10/15/2027 | &nbsp;&nbsp; 1631516<br> <sup>(a)</sup><br>|
| 445000 | 4.25%, due 8/1/2029 | &nbsp;&nbsp; 421172<br> <sup>(a)</sup><br>|
| 600000 | 6.13%, due 9/15/2032 | &nbsp;&nbsp; 600178<br> <sup>(a)</sup><br>|
|  | Post Holdings, Inc. |  |
| 1440000 | 6.38%, due 3/1/2033 | &nbsp;&nbsp; 1423812<br> <sup>(a)</sup><br>|
| 870000 | 6.25%, due 10/15/2034 | &nbsp;&nbsp; 862778<br> <sup>(a)</sup><br>|
|  | U.S. Foods, Inc. |  |
| 585000 | 6.88%, due 9/15/2028 | &nbsp;&nbsp; 599635<br> <sup>(a)</sup><br>|
| 105000 | 4.75%, due 2/15/2029 | &nbsp;&nbsp; 101980<br> <sup>(a)</sup><br>|
| 580000 | 7.25%, due 1/15/2032 | &nbsp;&nbsp; 606744<br> <sup>(a)</sup><br>|
| 775000 | 5.75%, due 4/15/2033 | &nbsp;&nbsp; 759119<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **9412023** |
| **Food Service 0.2%** | **Food Service 0.2%** | **Food Service 0.2%** |
|  | TKC Holdings, Inc. |  |
| 695000 | 6.88%, due 5/15/2028 | &nbsp;&nbsp; 695046<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Food Service – cont'd** | **Food Service – cont'd** | **Food Service – cont'd** | **Food Service – cont'd** |
| $| 615000 | 10.50%, due 5/15/2029 | &nbsp;&nbsp; $615299<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1310345** |
| **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** | **Forest Products & Paper 0.3%** |
|  | 1435000 | Ahlstrom Holding 3 OYJ, 4.88%, due 2/4/2028 | &nbsp;&nbsp; 1338177<br> <sup>(a)</sup><br>|
|  | 440000 | Magnera Corp., 7.25%, due 11/15/2031 | &nbsp;&nbsp; 416077<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1754254** |
| **Gas 0.3%** | **Gas 0.3%** | **Gas 0.3%** | **Gas 0.3%** |
|  |  | Venture Global Plaquemines LNG LLC |  |
|  | 872000 | 7.50%, due 5/1/2033 | &nbsp;&nbsp; 894592<br> <sup>(a)</sup><br>|
|  | 873000 | 7.75%, due 5/1/2035 | &nbsp;&nbsp; 896482<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1791074** |
| **Healthcare - Products 1.2%** | **Healthcare - Products 1.2%** | **Healthcare - Products 1.2%** | **Healthcare - Products 1.2%** |
|  | 2535000 | Bausch & Lomb Corp., 8.38%, due 10/1/2028 | &nbsp;&nbsp; 2633358<br> <sup>(a)</sup><br>|
|  | 4640000 | Medline Borrower LP, 5.25%, due 10/1/2029 | &nbsp;&nbsp; 4406319<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **7039677** |
| **Healthcare - Services 3.3%** | **Healthcare - Services 3.3%** | **Healthcare - Services 3.3%** | **Healthcare - Services 3.3%** |
|  |  | Acadia Healthcare Co., Inc. |  |
|  | 965000 | 5.50%, due 7/1/2028 | &nbsp;&nbsp; 944736<br> <sup>(a)</sup><br>|
|  | 70000 | 5.00%, due 4/15/2029 | &nbsp;&nbsp; 66175<br> <sup>(a)</sup><br>|
|  | 460000 | 7.38%, due 3/15/2033 | &nbsp;&nbsp; 459600<br> <sup>(a)</sup><br>|
|  |  | CHS/Community Health Systems, Inc. |  |
|  | 465000 | 5.63%, due 3/15/2027 | &nbsp;&nbsp; 453475<br> <sup>(a)</sup><br>|
|  | 345000 | 6.00%, due 1/15/2029 | &nbsp;&nbsp; 321391<br> <sup>(a)</sup><br>|
|  | 80000 | 6.88%, due 4/15/2029 | &nbsp;&nbsp; 58281<br> <sup>(a)</sup><br>|
|  | 80000 | 6.13%, due 4/1/2030 | &nbsp;&nbsp; 54552<br> <sup>(a)</sup><br>|
|  | 205000 | 5.25%, due 5/15/2030 | &nbsp;&nbsp; 174896<br> <sup>(a)</sup><br>|
|  | 1125000 | 4.75%, due 2/15/2031 | &nbsp;&nbsp; 928750<br> <sup>(a)</sup><br>|
|  | 245000 | HAH Group Holding Co. LLC, 9.75%, due 10/1/2031 | &nbsp;&nbsp; 235076<br> <sup>(a)</sup><br>|
|  | 985000 | Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, due 4/30/2028 | &nbsp;&nbsp; 1037887<br> <sup>(a)</sup><br>|
|  |  | LifePoint Health, Inc. |  |
|  | 1570000 | 9.88%, due 8/15/2030 | &nbsp;&nbsp; 1670045<br> <sup>(a)</sup><br>|
|  | 1200000 | 10.00%, due 6/1/2032 | &nbsp;&nbsp; 1164000<br> <sup>(a)</sup><br>|
|  | 1990000 | Molina Healthcare, Inc., 6.25%, due 1/15/2033 | &nbsp;&nbsp; 1975028<br> <sup>(a)</sup><br>|
|  | 1740000 | Select Medical Corp., 6.25%, due 12/1/2032 | &nbsp;&nbsp; 1727739<br> <sup>(a)</sup><br>|
|  | 1850000 | Surgery Center Holdings, Inc., 7.25%, due 4/15/2032 | &nbsp;&nbsp; 1845802<br> <sup>(a)</sup><br>|
|  | 550573 | Team Health Holdings, Inc., 9.00% Cash/4.50% PIK, due 6/30/2028 | &nbsp;&nbsp; 590489<br> <sup>(a)(c)</sup><br>|
|  |  | Tenet Healthcare Corp. |  |
|  | 1850000 | 6.13%, due 10/1/2028 | &nbsp;&nbsp; 1845575 |
|  | 1235000 | 6.13%, due 6/15/2030 | &nbsp;&nbsp; 1239235 |
|  | 2380000 | 6.75%, due 5/15/2031 | &nbsp;&nbsp; 2439712 |
|  | 870000 | U.S. Acute Care Solutions LLC, 9.75%, due 5/15/2029 | &nbsp;&nbsp; 883207<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **20115651** |
| **Home Builders 1.5%** | **Home Builders 1.5%** | **Home Builders 1.5%** | **Home Builders 1.5%** |
|  |  | Beazer Homes USA, Inc. |  |
|  | 855000 | 5.88%, due 10/15/2027 | &nbsp;&nbsp; 835215 |
|  | 1660000 | 7.50%, due 3/15/2031 | &nbsp;&nbsp; 1603855<br> <sup>(a)</sup><br>|
|  | 1835000 | KB Home, 7.25%, due 7/15/2030 | &nbsp;&nbsp; 1878336 |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Home Builders – cont'd** | **Home Builders – cont'd** | **Home Builders – cont'd** | **Home Builders – cont'd** |
|  |  | LGI Homes, Inc. |  |
| $| 210000 | 4.00%, due 7/15/2029 | &nbsp;&nbsp; $182742<br> <sup>(a)</sup><br>|
|  | 2080000 | 7.00%, due 11/15/2032 | &nbsp;&nbsp; 1918800<br> <sup>(a)</sup><br>|
|  | 808000 | Mattamy Group Corp., 5.25%, due 12/15/2027 | &nbsp;&nbsp; 784871<br> <sup>(a)</sup><br>|
|  |  | Shea Homes LP/Shea Homes Funding Corp. |  |
|  | 785000 | 4.75%, due 2/15/2028 | &nbsp;&nbsp; 762015 |
|  | 480000 | 4.75%, due 4/1/2029 | &nbsp;&nbsp; 453899 |
|  | 960000 | Taylor Morrison Communities, Inc., 5.13%, due 8/1/2030 | &nbsp;&nbsp; 930133<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **9349866** |
| **Housewares 0.2%** | **Housewares 0.2%** | **Housewares 0.2%** | **Housewares 0.2%** |
|  |  | Newell Brands, Inc. |  |
|  | 140000 | 6.63%, due 9/15/2029 | &nbsp;&nbsp; 131330 |
|  | 470000 | 6.38%, due 5/15/2030 | &nbsp;&nbsp; 427838 |
|  | 35000 | 6.63%, due 5/15/2032 | &nbsp;&nbsp; 31377 |
|  | 695000 | 6.88%, due 4/1/2036 | &nbsp;&nbsp; 605383<br> <sup>(d)</sup><br>|
|  | 190000 | 7.00%, due 4/1/2046 | &nbsp;&nbsp; 146806<br> <sup>(d)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1342734** |
| **Insurance 3.7%** | **Insurance 3.7%** | **Insurance 3.7%** | **Insurance 3.7%** |
|  |  | Acrisure LLC/Acrisure Finance, Inc. |  |
|  | 1295000 | 8.25%, due 2/1/2029 | &nbsp;&nbsp; 1325013<br> <sup>(a)</sup><br>|
|  | 380000 | 8.50%, due 6/15/2029 | &nbsp;&nbsp; 392512<br> <sup>(a)</sup><br>|
|  | 1595000 | 7.50%, due 11/6/2030 | &nbsp;&nbsp; 1624844<br> <sup>(a)</sup><br>|
|  |  | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |
|  | 2598000 | 6.75%, due 10/15/2027 | &nbsp;&nbsp; 2579322<br> <sup>(a)</sup><br>|
|  | 970000 | 6.75%, due 4/15/2028 | &nbsp;&nbsp; 976984<br> <sup>(a)</sup><br>|
|  | 830000 | 7.00%, due 1/15/2031 | &nbsp;&nbsp; 842365<br> <sup>(a)</sup><br>|
|  | 480000 | 6.50%, due 10/1/2031 | &nbsp;&nbsp; 479016<br> <sup>(a)</sup><br>|
|  | 235000 | 7.38%, due 10/1/2032 | &nbsp;&nbsp; 237482<br> <sup>(a)</sup><br>|
|  | 1170000 | Ardonagh Finco Ltd., 7.75%, due 2/15/2031 | &nbsp;&nbsp; 1190831<br> <sup>(a)(g)</sup><br>|
|  | 900000 | Ardonagh Group Finance Ltd., 8.88%, due 2/15/2032 | &nbsp;&nbsp; 918016<br> <sup>(a)</sup><br>|
|  | 1760000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, due <br> 5/15/2031<br>| &nbsp;&nbsp; 1790788<br> <sup>(a)</sup><br>|
|  | 1305000 | BroadStreet Partners, Inc., 5.88%, due 4/15/2029 | &nbsp;&nbsp; 1260012<br> <sup>(a)</sup><br>|
|  |  | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC |  |
|  | 765000 | 7.25%, due 2/15/2031 | &nbsp;&nbsp; 785669<br> <sup>(a)</sup><br>|
|  | 785000 | 8.13%, due 2/15/2032 | &nbsp;&nbsp; 796306<br> <sup>(a)</sup><br>|
|  |  | HUB International Ltd. |  |
|  | 740000 | 5.63%, due 12/1/2029 | &nbsp;&nbsp; 722889<br> <sup>(a)</sup><br>|
|  | 2115000 | 7.25%, due 6/15/2030 | &nbsp;&nbsp; 2193769<br> <sup>(a)</sup><br>|
|  | 1060000 | 7.38%, due 1/31/2032 | &nbsp;&nbsp; 1092056<br> <sup>(a)</sup><br>|
|  |  | Jones Deslauriers Insurance Management, Inc. |  |
|  | 545000 | 8.50%, due 3/15/2030 | &nbsp;&nbsp; 574857<br> <sup>(a)</sup><br>|
|  | 840000 | 10.50%, due 12/15/2030 | &nbsp;&nbsp; 903616<br> <sup>(a)</sup><br>|
|  | 1035000 | Panther Escrow Issuer LLC, 7.13%, due 6/1/2031 | &nbsp;&nbsp; 1060352<br> <sup>(a)</sup><br>|
|  | 895000 | USI, Inc., 7.50%, due 1/15/2032 | &nbsp;&nbsp; 924346<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **22671045** |
| **Internet 0.8%** | **Internet 0.8%** | **Internet 0.8%** | **Internet 0.8%** |
|  | 760000 | Cablevision Lightpath LLC, 5.63%, due 9/15/2028 | &nbsp;&nbsp; 703643<br> <sup>(a)</sup><br>|
|  |  | Gen Digital, Inc. |  |
|  | 585000 | 6.75%, due 9/30/2027 | &nbsp;&nbsp; 594590<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Internet – cont'd** | **Internet – cont'd** | **Internet – cont'd** | **Internet – cont'd** |
| $| 980000 | 7.13%, due 9/30/2030 | &nbsp;&nbsp; $1009030<br> <sup>(a)</sup><br>|
|  | 1070000 | 6.25%, due 4/1/2033 | &nbsp;&nbsp; 1067113<br> <sup>(a)</sup><br>|
|  |  | Rakuten Group, Inc. |  |
|  | 865000 | 11.25%, due 2/15/2027 | &nbsp;&nbsp; 924440<br> <sup>(a)</sup><br>|
|  | 590000 | 9.75%, due 4/15/2029 | &nbsp;&nbsp; 622338<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4921154** |
| **Iron - Steel 1.2%** | **Iron - Steel 1.2%** | **Iron - Steel 1.2%** | **Iron - Steel 1.2%** |
|  |  | ATI, Inc. |  |
|  | 645000 | 5.88%, due 12/1/2027 | &nbsp;&nbsp; 643460 |
|  | 720000 | 4.88%, due 10/1/2029 | &nbsp;&nbsp; 687853 |
|  | 235000 | 7.25%, due 8/15/2030 | &nbsp;&nbsp; 244407 |
|  | 1525000 | Carpenter Technology Corp., 7.63%, due 3/15/2030 | &nbsp;&nbsp; 1569399 |
|  |  | Cleveland-Cliffs, Inc. |  |
|  | 975000 | 6.88%, due 11/1/2029 | &nbsp;&nbsp; 944315<br> <sup>(a)</sup><br>|
|  | 550000 | 7.50%, due 9/15/2031 | &nbsp;&nbsp; 532250<br> <sup>(a)</sup><br>|
|  | 1575000 | 7.00%, due 3/15/2032 | &nbsp;&nbsp; 1479690<br> <sup>(a)</sup><br>|
|  | 960000 | 7.38%, due 5/1/2033 | &nbsp;&nbsp; 902462<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **7003836** |
| **Leisure Time 2.6%** | **Leisure Time 2.6%** | **Leisure Time 2.6%** | **Leisure Time 2.6%** |
|  |  | Carnival Corp. |  |
|  | 975000 | 6.00%, due 5/1/2029 | &nbsp;&nbsp; 969255<br> <sup>(a)</sup><br>|
|  | 3940000 | 6.13%, due 2/15/2033 | &nbsp;&nbsp; 3906684<br> <sup>(a)</sup><br>|
|  | 1190000 | Lindblad Expeditions Holdings, Inc., 9.00%, due 5/15/2028 | &nbsp;&nbsp; 1222977<br> <sup>(a)</sup><br>|
|  | 130000 | Lindblad Expeditions LLC, 6.75%, due 2/15/2027 | &nbsp;&nbsp; 129585<br> <sup>(a)</sup><br>|
|  |  | NCL Corp. Ltd. |  |
|  | 1350000 | 5.88%, due 2/15/2027 | &nbsp;&nbsp; 1343703<br> <sup>(a)</sup><br>|
|  | 1705000 | 6.75%, due 2/1/2032 | &nbsp;&nbsp; 1664829<br> <sup>(a)</sup><br>|
|  |  | Royal Caribbean Cruises Ltd. |  |
|  | 1330000 | 5.63%, due 9/30/2031 | &nbsp;&nbsp; 1319778<br> <sup>(a)</sup><br>|
|  | 1395000 | 6.00%, due 2/1/2033 | &nbsp;&nbsp; 1398840<br> <sup>(a)</sup><br>|
|  |  | Viking Cruises Ltd. |  |
|  | 1120000 | 5.88%, due 9/15/2027 | &nbsp;&nbsp; 1117727<br> <sup>(a)</sup><br>|
|  | 840000 | 7.00%, due 2/15/2029 | &nbsp;&nbsp; 843018<br> <sup>(a)</sup><br>|
|  | 900000 | 9.13%, due 7/15/2031 | &nbsp;&nbsp; 962276<br> <sup>(a)</sup><br>|
|  | 730000 | Viking Ocean Cruises Ship VII Ltd., 5.63%, due 2/15/2029 | &nbsp;&nbsp; 722679<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **15601351** |
| **Lodging 0.6%** | **Lodging 0.6%** | **Lodging 0.6%** | **Lodging 0.6%** |
|  |  | MGM Resorts International |  |
|  | 1325000 | 6.13%, due 9/15/2029 | &nbsp;&nbsp; 1319005 |
|  | 1230000 | 6.50%, due 4/15/2032 | &nbsp;&nbsp; 1212053 |
|  | 1290000 | Station Casinos LLC, 4.63%, due 12/1/2031 | &nbsp;&nbsp; 1166124<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **3697182** |
| **Machinery - Construction & Mining 0.8%** | **Machinery - Construction & Mining 0.8%** | **Machinery - Construction & Mining 0.8%** | **Machinery - Construction & Mining 0.8%** |
|  | 1745000 | Manitowoc Co., Inc., 9.25%, due 10/1/2031 | &nbsp;&nbsp; 1768994<br> <sup>(a)</sup><br>|
|  |  | Terex Corp. |  |
|  | 1300000 | 5.00%, due 5/15/2029 | &nbsp;&nbsp; 1243420<br> <sup>(a)</sup><br>|
|  | 1615000 | 6.25%, due 10/15/2032 | &nbsp;&nbsp; 1545625<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4558039** |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Machinery - Diversified 0.6%** | **Machinery - Diversified 0.6%** | **Machinery - Diversified 0.6%** |
| $1755000 | Chart Industries, Inc., 7.50%, due 1/1/2030 | &nbsp;&nbsp; $1820792<br> <sup>(a)</sup><br>|
| 1670000 | SPX FLOW, Inc., 8.75%, due 4/1/2030 | &nbsp;&nbsp; 1683883<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **3504675** |
| **Media 5.5%** | **Media 5.5%** | **Media 5.5%** |
| 695000 | Cable One, Inc., 4.00%, due 11/15/2030 | &nbsp;&nbsp; 565306<br> <sup>(a)</sup><br>|
|  | CCO Holdings LLC/CCO Holdings Capital Corp. |  |
| 2010000 | 5.13%, due 5/1/2027 | &nbsp;&nbsp; 1982505<br> <sup>(a)</sup><br>|
| 1945000 | 5.00%, due 2/1/2028 | &nbsp;&nbsp; 1897648<br> <sup>(a)</sup><br>|
| 1470000 | 6.38%, due 9/1/2029 | &nbsp;&nbsp; 1483170<br> <sup>(a)</sup><br>|
| 1480000 | 4.75%, due 3/1/2030 | &nbsp;&nbsp; 1397172<br> <sup>(a)</sup><br>|
| 2485000 | 4.25%, due 2/1/2031 | &nbsp;&nbsp; 2245255<br> <sup>(a)</sup><br>|
| 875000 | 7.38%, due 3/1/2031 | &nbsp;&nbsp; 901206<br> <sup>(a)</sup><br>|
| 475000 | 4.75%, due 2/1/2032 | &nbsp;&nbsp; 429856<br> <sup>(a)</sup><br>|
| 1885000 | 4.50%, due 5/1/2032 | &nbsp;&nbsp; 1674782 |
| 785000 | 4.50%, due 6/1/2033 | &nbsp;&nbsp; 683003<br> <sup>(a)</sup><br>|
| 895000 | 4.25%, due 1/15/2034 | &nbsp;&nbsp; 753937<br> <sup>(a)</sup><br>|
|  | CSC Holdings LLC |  |
| 960000 | 5.50%, due 4/15/2027 | &nbsp;&nbsp; 892013<br> <sup>(a)</sup><br>|
| 865000 | 5.38%, due 2/1/2028 | &nbsp;&nbsp; 755912<br> <sup>(a)</sup><br>|
| 750000 | 7.50%, due 4/1/2028 | &nbsp;&nbsp; 549300<br> <sup>(a)</sup><br>|
| 675000 | 11.25%, due 5/15/2028 | &nbsp;&nbsp; 659823<br> <sup>(a)</sup><br>|
| 1775000 | 11.75%, due 1/31/2029 | &nbsp;&nbsp; 1678117<br> <sup>(a)</sup><br>|
| 785000 | 6.50%, due 2/1/2029 | &nbsp;&nbsp; 642004<br> <sup>(a)</sup><br>|
| 1455000 | 5.75%, due 1/15/2030 | &nbsp;&nbsp; 729740<br> <sup>(a)</sup><br>|
| 725000 | 4.13%, due 12/1/2030 | &nbsp;&nbsp; 496892<br> <sup>(a)</sup><br>|
| 1285000 | 4.63%, due 12/1/2030 | &nbsp;&nbsp; 594349<br> <sup>(a)</sup><br>|
| 415000 | 4.50%, due 11/15/2031 | &nbsp;&nbsp; 282206<br> <sup>(a)</sup><br>|
|  | DISH DBS Corp. |  |
| 605000 | 7.75%, due 7/1/2026 | &nbsp;&nbsp; 525867 |
| 1325000 | 5.25%, due 12/1/2026 | &nbsp;&nbsp; 1205739<br> <sup>(a)</sup><br>|
| 1255000 | 5.75%, due 12/1/2028 | &nbsp;&nbsp; 1054005<br> <sup>(a)</sup><br>|
| 765000 | 5.13%, due 6/1/2029 | &nbsp;&nbsp; 478977 |
| 2005000 | DISH Network Corp., 11.75%, due 11/15/2027 | &nbsp;&nbsp; 2107152<br> <sup>(a)</sup><br>|
|  | McGraw-Hill Education, Inc. |  |
| 730000 | 5.75%, due 8/1/2028 | &nbsp;&nbsp; 715114<br> <sup>(a)</sup><br>|
| 615000 | 8.00%, due 8/1/2029 | &nbsp;&nbsp; 609087<br> <sup>(a)</sup><br>|
| 990000 | 7.38%, due 9/1/2031 | &nbsp;&nbsp; 1011542<br> <sup>(a)</sup><br>|
| 1790000 | Midcontinent Communications, 8.00%, due 8/15/2032 | &nbsp;&nbsp; 1824901<br> <sup>(a)</sup><br>|
|  | Sirius XM Radio LLC |  |
| 430000 | 4.00%, due 7/15/2028 | &nbsp;&nbsp; 404513<br> <sup>(a)</sup><br>|
| 770000 | 5.50%, due 7/1/2029 | &nbsp;&nbsp; 749696<br> <sup>(a)</sup><br>|
| 602000 | 4.13%, due 7/1/2030 | &nbsp;&nbsp; 538641<br> <sup>(a)</sup><br>|
| 1230000 | 3.88%, due 9/1/2031 | &nbsp;&nbsp; 1055450<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **33574880** |
| **Metal Fabricate - Hardware 0.1%** | **Metal Fabricate - Hardware 0.1%** | **Metal Fabricate - Hardware 0.1%** |
| 790000 | Advanced Drainage Systems, Inc., 6.38%, due 6/15/2030 | &nbsp;&nbsp; **802186**<br> <sup>(a)</sup><br>|
| **Mining 2.1%** | **Mining 2.1%** | **Mining 2.1%** |
| 300000 | Arsenal AIC Parent LLC, 8.00%, due 10/1/2030 | &nbsp;&nbsp; 310610<br> <sup>(a)</sup><br>|
| 2100000 | Capstone Copper Corp., 6.75%, due 3/31/2033 | &nbsp;&nbsp; 2063373<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Mining – cont'd** | **Mining – cont'd** | **Mining – cont'd** | **Mining – cont'd** |
| $| 1880000 | Constellium SE, 5.63%, due 6/15/2028 | &nbsp;&nbsp; $1849927<br> <sup>(a)</sup><br>|
|  |  | FMG Resources August 2006 Pty. Ltd. |  |
|  | 875000 | 4.38%, due 4/1/2031 | &nbsp;&nbsp; 791903<br> <sup>(a)</sup><br>|
|  | 1125000 | 6.13%, due 4/15/2032 | &nbsp;&nbsp; 1108680<br> <sup>(a)</sup><br>|
|  | 625000 | Hudbay Minerals, Inc., 6.13%, due 4/1/2029 | &nbsp;&nbsp; 622214<br> <sup>(a)</sup><br>|
|  |  | Kaiser Aluminum Corp. |  |
|  | 1685000 | 4.63%, due 3/1/2028 | &nbsp;&nbsp; 1621222<br> <sup>(a)</sup><br>|
|  | 920000 | 4.50%, due 6/1/2031 | &nbsp;&nbsp; 826734<br> <sup>(a)</sup><br>|
|  |  | Novelis Corp. |  |
|  | 1415000 | 4.75%, due 1/30/2030 | &nbsp;&nbsp; 1315789<br> <sup>(a)</sup><br>|
|  | 1915000 | 6.88%, due 1/30/2030 | &nbsp;&nbsp; 1942591<br> <sup>(a)</sup><br>|
|  | 185000 | 3.88%, due 8/15/2031 | &nbsp;&nbsp; 159670<br> <sup>(a)</sup><br>|
|  | 310000 | Taseko Mines Ltd., 8.25%, due 5/1/2030 | &nbsp;&nbsp; 313009<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **12925722** |
| **Miscellaneous Manufacturer 1.5%** | **Miscellaneous Manufacturer 1.5%** | **Miscellaneous Manufacturer 1.5%** | **Miscellaneous Manufacturer 1.5%** |
|  | 2610000 | Amsted Industries, Inc., 6.38%, due 3/15/2033 | &nbsp;&nbsp; 2621753<br> <sup>(a)</sup><br>|
|  |  | Axon Enterprise, Inc. |  |
|  | 1110000 | 6.13%, due 3/15/2030 | &nbsp;&nbsp; 1129318<br> <sup>(a)</sup><br>|
|  | 1190000 | 6.25%, due 3/15/2033 | &nbsp;&nbsp; 1212880<br> <sup>(a)</sup><br>|
|  | 1085000 | Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028 | &nbsp;&nbsp; 1065438<br> <sup>(a)(c)</sup><br>|
|  | 1110000 | Calderys Financing LLC, 11.25%, due 6/1/2028 | &nbsp;&nbsp; 1172764<br> <sup>(a)</sup><br>|
|  |  | Hillenbrand, Inc. |  |
|  | 1475000 | 6.25%, due 2/15/2029 | &nbsp;&nbsp; 1466382 |
|  | 795000 | 3.75%, due 3/1/2031 | &nbsp;&nbsp; 690228 |
|  |  |  | &nbsp;&nbsp; **9358763** |
| **Oil & Gas 3.8%** | **Oil & Gas 3.8%** | **Oil & Gas 3.8%** | **Oil & Gas 3.8%** |
|  |  | Ascent Resources Utica Holdings LLC/ARU Finance Corp. |  |
|  | 1455000 | 5.88%, due 6/30/2029 | &nbsp;&nbsp; 1411839<br> <sup>(a)</sup><br>|
|  | 985000 | 6.63%, due 10/15/2032 | &nbsp;&nbsp; 974668<br> <sup>(a)</sup><br>|
|  |  | Civitas Resources, Inc. |  |
|  | 990000 | 8.38%, due 7/1/2028 | &nbsp;&nbsp; 972617<br> <sup>(a)</sup><br>|
|  | 1195000 | 8.63%, due 11/1/2030 | &nbsp;&nbsp; 1151738<br> <sup>(a)</sup><br>|
|  | 340000 | 8.75%, due 7/1/2031 | &nbsp;&nbsp; 323180<br> <sup>(a)</sup><br>|
|  |  | Comstock Resources, Inc. |  |
|  | 880000 | 6.75%, due 3/1/2029 | &nbsp;&nbsp; 838807<br> <sup>(a)</sup><br>|
|  | 2100000 | 5.88%, due 1/15/2030 | &nbsp;&nbsp; 1901028<br> <sup>(a)</sup><br>|
|  |  | Crescent Energy Finance LLC |  |
|  | 525000 | 7.63%, due 4/1/2032 | &nbsp;&nbsp; 477019<br> <sup>(a)</sup><br>|
|  | 770000 | 7.38%, due 1/15/2033 | &nbsp;&nbsp; 681463<br> <sup>(a)</sup><br>|
|  |  | Hilcorp Energy I LP/Hilcorp Finance Co. |  |
|  | 705000 | 6.25%, due 11/1/2028 | &nbsp;&nbsp; 682201<br> <sup>(a)</sup><br>|
|  | 492000 | 5.75%, due 2/1/2029 | &nbsp;&nbsp; 460660<br> <sup>(a)</sup><br>|
|  | 1210000 | 6.00%, due 4/15/2030 | &nbsp;&nbsp; 1104925<br> <sup>(a)</sup><br>|
|  | 478000 | 6.00%, due 2/1/2031 | &nbsp;&nbsp; 429041<br> <sup>(a)</sup><br>|
|  | 330000 | 8.38%, due 11/1/2033 | &nbsp;&nbsp; 313817<br> <sup>(a)</sup><br>|
|  | 520000 | 6.88%, due 5/15/2034 | &nbsp;&nbsp; 441899<br> <sup>(a)</sup><br>|
|  | 785000 | 7.25%, due 2/15/2035 | &nbsp;&nbsp; 683910<br> <sup>(a)</sup><br>|
|  | 1230000 | Kimmeridge Texas Gas LLC, 8.50%, due 2/15/2030 | &nbsp;&nbsp; 1180977<br> <sup>(a)</sup><br>|
|  |  | Matador Resources Co. |  |
|  | 430000 | 6.50%, due 4/15/2032 | &nbsp;&nbsp; 414184<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Oil & Gas – cont'd** | **Oil & Gas – cont'd** | **Oil & Gas – cont'd** | **Oil & Gas – cont'd** |
| $| 370000 | 6.25%, due 4/15/2033 | &nbsp;&nbsp; $349242<br> <sup>(a)</sup><br>|
|  | 1245000 | Noble Finance II LLC, 8.00%, due 4/15/2030 | &nbsp;&nbsp; 1186195<br> <sup>(a)</sup><br>|
|  |  | Northern Oil & Gas, Inc. |  |
|  | 615000 | 8.13%, due 3/1/2028 | &nbsp;&nbsp; 607158<br> <sup>(a)</sup><br>|
|  | 530000 | 8.75%, due 6/15/2031 | &nbsp;&nbsp; 509187<br> <sup>(a)</sup><br>|
|  |  | Permian Resources Operating LLC |  |
|  | 1295000 | 7.00%, due 1/15/2032 | &nbsp;&nbsp; 1303663<br> <sup>(a)</sup><br>|
|  | 480000 | 6.25%, due 2/1/2033 | &nbsp;&nbsp; 469391<br> <sup>(a)</sup><br>|
|  | 900000 | SM Energy Co., 7.00%, due 8/1/2032 | &nbsp;&nbsp; 829686<br> <sup>(a)</sup><br>|
|  | 2210000 | TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029 | &nbsp;&nbsp; 2030873<br> <sup>(a)</sup><br>|
|  |  | Transocean, Inc. |  |
|  | 845000 | 8.25%, due 5/15/2029 | &nbsp;&nbsp; 681282<br> <sup>(a)</sup><br>|
|  | 620000 | 8.50%, due 5/15/2031 | &nbsp;&nbsp; 479284<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **22889934** |
| **Oil & Gas Services 1.6%** | **Oil & Gas Services 1.6%** | **Oil & Gas Services 1.6%** | **Oil & Gas Services 1.6%** |
|  |  | Archrock Partners LP/Archrock Partners Finance Corp. |  |
|  | 730000 | 6.88%, due 4/1/2027 | &nbsp;&nbsp; 728973<br> <sup>(a)</sup><br>|
|  | 1000000 | 6.25%, due 4/1/2028 | &nbsp;&nbsp; 998298<br> <sup>(a)</sup><br>|
|  | 1260000 | 6.63%, due 9/1/2032 | &nbsp;&nbsp; 1252911<br> <sup>(a)</sup><br>|
|  | 2345000 | Aris Water Holdings LLC, 7.25%, due 4/1/2030 | &nbsp;&nbsp; 2327004<br> <sup>(a)</sup><br>|
|  | 2395000 | Star Holding LLC, 8.75%, due 8/1/2031 | &nbsp;&nbsp; 2194419<br> <sup>(a)</sup><br>|
|  |  | USA Compression Partners LP/USA Compression Finance Corp. |  |
|  | 1105000 | 6.88%, due 9/1/2027 | &nbsp;&nbsp; 1095624 |
|  | 1380000 | 7.13%, due 3/15/2029 | &nbsp;&nbsp; 1393374<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **9990603** |
| **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** | **Packaging & Containers 2.1%** |
|  |  | Clydesdale Acquisition Holdings, Inc. |  |
|  | 865000 | 6.88%, due 1/15/2030 | &nbsp;&nbsp; 878879<br> <sup>(a)</sup><br>|
|  | 610000 | 8.75%, due 4/15/2030 | &nbsp;&nbsp; 628497<br> <sup>(a)</sup><br>|
|  | 1385000 | 6.75%, due 4/15/2032 | &nbsp;&nbsp; 1416166<br> <sup>(a)</sup><br>|
|  | 410000 | Graham Packaging Co., Inc., 7.13%, due 8/15/2028 | &nbsp;&nbsp; 400935<br> <sup>(a)</sup><br>|
|  | 1915000 | &nbsp;&nbsp; Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, due <br> 9/15/2028<br>| &nbsp;&nbsp; 1898885<br> <sup>(a)</sup><br>|
|  |  | Mauser Packaging Solutions Holding Co. |  |
|  | 1105000 | 7.88%, due 4/15/2027 | &nbsp;&nbsp; 1107917<br> <sup>(a)</sup><br>|
|  | 2420000 | 9.25%, due 4/15/2027 | &nbsp;&nbsp; 2220388<br> <sup>(a)</sup><br>|
|  |  | Sealed Air Corp. |  |
|  | 1275000 | 6.50%, due 7/15/2032 | &nbsp;&nbsp; 1296842<br> <sup>(a)</sup><br>|
|  | 380000 | 6.88%, due 7/15/2033 | &nbsp;&nbsp; 394478<br> <sup>(a)</sup><br>|
|  | 1080000 | Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, due 2/15/2031 | &nbsp;&nbsp; 1124658<br> <sup>(a)</sup><br>|
|  | 1420000 | Trident TPI Holdings, Inc., 12.75%, due 12/31/2028 | &nbsp;&nbsp; 1489640<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **12857285** |
| **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** | **Pharmaceuticals 1.4%** |
|  | 2890000 | 1261229 BC Ltd., 10.00%, due 4/15/2032 | &nbsp;&nbsp; 2829813<br> <sup>(a)</sup><br>|
|  |  | AdaptHealth LLC |  |
|  | 1075000 | 6.13%, due 8/1/2028 | &nbsp;&nbsp; 1042571<br> <sup>(a)</sup><br>|
|  | 205000 | 4.63%, due 8/1/2029 | &nbsp;&nbsp; 183289<br> <sup>(a)</sup><br>|
|  |  | Bausch Health Americas, Inc. |  |
|  | 185000 | 9.25%, due 4/1/2026 | &nbsp;&nbsp; 180415<br> <sup>(a)</sup><br>|
|  | 140000 | 8.50%, due 1/31/2027 | &nbsp;&nbsp; 133000<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Pharmaceuticals – cont'd** | **Pharmaceuticals – cont'd** | **Pharmaceuticals – cont'd** | **Pharmaceuticals – cont'd** |
|  |  | Bausch Health Cos., Inc. |  |
| $| 1045000 | 5.00%, due 1/30/2028 | &nbsp;&nbsp; $800031<br> <sup>(a)</sup><br>|
|  | 1960000 | 4.88%, due 6/1/2028 | &nbsp;&nbsp; 1591814<br> <sup>(a)</sup><br>|
|  | 395000 | 5.25%, due 2/15/2031 | &nbsp;&nbsp; 213300<br> <sup>(a)</sup><br>|
|  | 1585000 | Grifols SA, 4.75%, due 10/15/2028 | &nbsp;&nbsp; 1475438<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **8449671** |
| **Pipelines 5.6%** | **Pipelines 5.6%** | **Pipelines 5.6%** | **Pipelines 5.6%** |
|  |  | Antero Midstream Partners LP/Antero Midstream Finance Corp. |  |
|  | 645000 | 5.38%, due 6/15/2029 | &nbsp;&nbsp; 629459<br> <sup>(a)</sup><br>|
|  | 1370000 | 6.63%, due 2/1/2032 | &nbsp;&nbsp; 1384162<br> <sup>(a)</sup><br>|
|  | 2110000 | Buckeye Partners LP, 6.75%, due 2/1/2030 | &nbsp;&nbsp; 2146938<br> <sup>(a)</sup><br>|
|  | 765000 | CQP Holdco LP/BIP-V Chinook Holdco LLC, 7.50%, due 12/15/2033 | &nbsp;&nbsp; 804921<br> <sup>(a)</sup><br>|
|  | 2195000 | Excelerate Energy LP, 8.00%, due 5/15/2030 | &nbsp;&nbsp; 2229741<br> <sup>(a)(h)</sup><br>|
|  |  | Genesis Energy LP/Genesis Energy Finance Corp. |  |
|  | 410000 | 7.75%, due 2/1/2028 | &nbsp;&nbsp; 408436 |
|  | 1545000 | 8.25%, due 1/15/2029 | &nbsp;&nbsp; 1570198 |
|  | 822000 | 7.88%, due 5/15/2032 | &nbsp;&nbsp; 799819 |
|  | 825000 | 8.00%, due 5/15/2033 | &nbsp;&nbsp; 800178 |
|  | 2435000 | Harvest Midstream I LP, 7.50%, due 9/1/2028 | &nbsp;&nbsp; 2464690<br> <sup>(a)</sup><br>|
|  | 1215000 | Hess Midstream Operations LP, 5.88%, due 3/1/2028 | &nbsp;&nbsp; 1217554<br> <sup>(a)</sup><br>|
|  | 2285000 | Howard Midstream Energy Partners LLC, 7.38%, due 7/15/2032 | &nbsp;&nbsp; 2338900<br> <sup>(a)</sup><br>|
|  | 1300000 | ITT Holdings LLC, 6.50%, due 8/1/2029 | &nbsp;&nbsp; 1186977<br> <sup>(a)</sup><br>|
|  |  | Kinetik Holdings LP |  |
|  | 360000 | 6.63%, due 12/15/2028 | &nbsp;&nbsp; 362631<br> <sup>(a)</sup><br>|
|  | 470000 | 5.88%, due 6/15/2030 | &nbsp;&nbsp; 459213<br> <sup>(a)</sup><br>|
|  | 2240000 | NGL Energy Operating LLC/NGL Energy Finance Corp., 8.13%, due 2/15/2029 | &nbsp;&nbsp; 2105177<br> <sup>(a)</sup><br>|
|  | 605000 | Northriver Midstream Finance LP, 6.75%, due 7/15/2032 | &nbsp;&nbsp; 601197<br> <sup>(a)</sup><br>|
|  |  | Rockies Express Pipeline LLC |  |
|  | 1350000 | 6.75%, due 3/15/2033 | &nbsp;&nbsp; 1371646<br> <sup>(a)</sup><br>|
|  | 570000 | 7.50%, due 7/15/2038 | &nbsp;&nbsp; 559297<br> <sup>(a)</sup><br>|
|  | 980000 | 6.88%, due 4/15/2040 | &nbsp;&nbsp; 925135<br> <sup>(a)</sup><br>|
|  |  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. |  |
|  | 385000 | 5.50%, due 1/15/2028 | &nbsp;&nbsp; 374310<br> <sup>(a)</sup><br>|
|  | 775000 | 7.38%, due 2/15/2029 | &nbsp;&nbsp; 772178<br> <sup>(a)</sup><br>|
|  | 460000 | 6.00%, due 12/31/2030 | &nbsp;&nbsp; 428325<br> <sup>(a)</sup><br>|
|  | 165000 | 6.00%, due 9/1/2031 | &nbsp;&nbsp; 152108<br> <sup>(a)</sup><br>|
|  | 1340000 | TransMontaigne Partners LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 1348690<br> <sup>(a)</sup><br>|
|  |  | Venture Global Calcasieu Pass LLC |  |
|  | 1160000 | 3.88%, due 8/15/2029 | &nbsp;&nbsp; 1062357<br> <sup>(a)</sup><br>|
|  | 625000 | 4.13%, due 8/15/2031 | &nbsp;&nbsp; 561471<br> <sup>(a)</sup><br>|
|  |  | Venture Global LNG, Inc. |  |
|  | 1335000 | 8.13%, due 6/1/2028 | &nbsp;&nbsp; 1325753<br> <sup>(a)</sup><br>|
|  | 1305000 | 9.50%, due 2/1/2029 | &nbsp;&nbsp; 1352284<br> <sup>(a)</sup><br>|
|  | 880000 | 7.00%, due 1/15/2030 | &nbsp;&nbsp; 828960<br> <sup>(a)</sup><br>|
|  | 270000 | 8.38%, due 6/1/2031 | &nbsp;&nbsp; 260365<br> <sup>(a)</sup><br>|
|  | 1175000 | 9.88%, due 2/1/2032 | &nbsp;&nbsp; 1193053<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **34026123** |
| **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** |
|  | 620000 | Cushman & Wakefield U.S. Borrower LLC, 6.75%, due 5/15/2028 | &nbsp;&nbsp; 622892<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Real Estate – cont'd** | **Real Estate – cont'd** | **Real Estate – cont'd** | **Real Estate – cont'd** |
| $| 845000 | Greystar Real Estate Partners LLC, 7.75%, due 9/1/2030 | &nbsp;&nbsp; $887359<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1510251** |
| **Real Estate Investment Trusts 3.6%** | **Real Estate Investment Trusts 3.6%** | **Real Estate Investment Trusts 3.6%** | **Real Estate Investment Trusts 3.6%** |
|  |  | Blackstone Mortgage Trust, Inc. |  |
|  | 555000 | 3.75%, due 1/15/2027 | &nbsp;&nbsp; 527499<br> <sup>(a)</sup><br>|
|  | 1835000 | 7.75%, due 12/1/2029 | &nbsp;&nbsp; 1905866<br> <sup>(a)</sup><br>|
|  |  | Iron Mountain, Inc. |  |
|  | 609000 | 5.25%, due 3/15/2028 | &nbsp;&nbsp; 599616<br> <sup>(a)</sup><br>|
|  | 615000 | 4.88%, due 9/15/2029 | &nbsp;&nbsp; 592293<br> <sup>(a)</sup><br>|
|  | 400000 | 5.25%, due 7/15/2030 | &nbsp;&nbsp; 387626<br> <sup>(a)</sup><br>|
|  |  | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. |  |
|  | 1120000 | 4.75%, due 6/15/2029 | &nbsp;&nbsp; 1072081<br> <sup>(a)</sup><br>|
|  | 85000 | 7.00%, due 7/15/2031 | &nbsp;&nbsp; 87337<br> <sup>(a)</sup><br>|
|  | 1810000 | Necessity Retail REIT, Inc./American Finance Operating Partner LP, 4.50%, due 9/30/2028 | &nbsp;&nbsp; 1706744<br> <sup>(a)</sup><br>|
|  |  | Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer |  |
|  | 1240000 | 5.88%, due 10/1/2028 | &nbsp;&nbsp; 1210066<br> <sup>(a)</sup><br>|
|  | 700000 | 4.88%, due 5/15/2029 | &nbsp;&nbsp; 655318<br> <sup>(a)</sup><br>|
|  | 1140000 | 7.00%, due 2/1/2030 | &nbsp;&nbsp; 1141009<br> <sup>(a)</sup><br>|
|  | 1275000 | Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029 | &nbsp;&nbsp; 1252074<br> <sup>(a)</sup><br>|
|  | 1020000 | RHP Hotel Properties LP/RHP Finance Corp., 7.25%, due 7/15/2028 | &nbsp;&nbsp; 1048252<br> <sup>(a)</sup><br>|
|  | 1960000 | RLJ Lodging Trust LP, 4.00%, due 9/15/2029 | &nbsp;&nbsp; 1771416<br> <sup>(a)</sup><br>|
|  |  | Service Properties Trust |  |
|  | 960000 | 5.25%, due 2/15/2026 | &nbsp;&nbsp; 948050 |
|  | 1100000 | 8.63%, due 11/15/2031 | &nbsp;&nbsp; 1167181<br> <sup>(a)</sup><br>|
|  |  | Starwood Property Trust, Inc. |  |
|  | 300000 | 7.25%, due 4/1/2029 | &nbsp;&nbsp; 311107<br> <sup>(a)</sup><br>|
|  | 1905000 | 6.50%, due 7/1/2030 | &nbsp;&nbsp; 1916055<br> <sup>(a)</sup><br>|
|  | 915000 | 6.50%, due 10/15/2030 | &nbsp;&nbsp; 923217<br> <sup>(a)</sup><br>|
|  |  | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC |  |
|  | 1760000 | 10.50%, due 2/15/2028 | &nbsp;&nbsp; 1868742<br> <sup>(a)</sup><br>|
|  | 1070000 | 6.50%, due 2/15/2029 | &nbsp;&nbsp; 978868<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **22070417** |
| **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** | **Retail 3.8%** |
|  |  | Asbury Automotive Group, Inc. |  |
|  | 900000 | 4.63%, due 11/15/2029 | &nbsp;&nbsp; 846333<br> <sup>(a)</sup><br>|
|  | 290000 | 4.75%, due 3/1/2030 | &nbsp;&nbsp; 271207 |
|  | 1430000 | 5.00%, due 2/15/2032 | &nbsp;&nbsp; 1303203<br> <sup>(a)</sup><br>|
|  |  | Bath & Body Works, Inc. |  |
|  | 1180000 | 6.63%, due 10/1/2030 | &nbsp;&nbsp; 1200775<br> <sup>(a)</sup><br>|
|  | 420000 | 6.95%, due 3/1/2033 | &nbsp;&nbsp; 415889 |
|  | 725000 | 6.88%, due 11/1/2035 | &nbsp;&nbsp; 725151 |
|  | 2825000 | Beacon Roofing Supply, Inc., 6.75%, due 4/30/2032 | &nbsp;&nbsp; 2832307<br> <sup>(a)</sup><br>|
|  | 825000 | Carvana Co., 11.00% Cash/13.00% PIK, due 6/1/2030 | &nbsp;&nbsp; 873547<br> <sup>(a)(c)</sup><br>|
|  | 2110000 | Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032 | &nbsp;&nbsp; 2187937<br> <sup>(a)</sup><br>|
|  | 1185000 | Foundation Building Materials, Inc., 6.00%, due 3/1/2029 | &nbsp;&nbsp; 998822<br> <sup>(a)</sup><br>|
|  | 1250000 | Group 1 Automotive, Inc., 6.38%, due 1/15/2030 | &nbsp;&nbsp; 1262771<br> <sup>(a)</sup><br>|
|  | 1930000 | GYP Holdings III Corp., 4.63%, due 5/1/2029 | &nbsp;&nbsp; 1814949<br> <sup>(a)</sup><br>|
|  |  | LCM Investments Holdings II LLC |  |
|  | 1155000 | 4.88%, due 5/1/2029 | &nbsp;&nbsp; 1091906<br> <sup>(a)</sup><br>|
|  | 1175000 | 8.25%, due 8/1/2031 | &nbsp;&nbsp; 1228920<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Retail – cont'd** | **Retail – cont'd** | **Retail – cont'd** | **Retail – cont'd** |
|  |  | Nordstrom, Inc. |  |
| $| 340000 | 4.38%, due 4/1/2030 | &nbsp;&nbsp; $301145 |
|  | 705000 | 4.25%, due 8/1/2031 | &nbsp;&nbsp; 599817 |
|  | 1870000 | Patrick Industries, Inc., 6.38%, due 11/1/2032 | &nbsp;&nbsp; 1815449<br> <sup>(a)</sup><br>|
|  |  | Walgreens Boots Alliance, Inc. |  |
|  | 550000 | 3.45%, due 6/1/2026 | &nbsp;&nbsp; 537507 |
|  | 355000 | 8.13%, due 8/15/2029 | &nbsp;&nbsp; 369359 |
|  | 215000 | 4.50%, due 11/18/2034 | &nbsp;&nbsp; 202388 |
|  | 425000 | 4.80%, due 11/18/2044 | &nbsp;&nbsp; 392496 |
|  | 1745000 | White Cap Buyer LLC, 6.88%, due 10/15/2028 | &nbsp;&nbsp; 1700240<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **22972118** |
| **Software 2.1%** | **Software 2.1%** | **Software 2.1%** | **Software 2.1%** |
|  | 2285000 | AthenaHealth Group, Inc., 6.50%, due 2/15/2030 | &nbsp;&nbsp; 2184120<br> <sup>(a)</sup><br>|
|  |  | Cloud Software Group, Inc. |  |
|  | 2770000 | 6.50%, due 3/31/2029 | &nbsp;&nbsp; 2770994<br> <sup>(a)</sup><br>|
|  | 1040000 | 9.00%, due 9/30/2029 | &nbsp;&nbsp; 1047727<br> <sup>(a)</sup><br>|
|  | 540000 | 8.25%, due 6/30/2032 | &nbsp;&nbsp; 563284<br> <sup>(a)</sup><br>|
|  |  | Open Text Holdings, Inc. |  |
|  | 710000 | 4.13%, due 2/15/2030 | &nbsp;&nbsp; 656093<br> <sup>(a)</sup><br>|
|  | 2100000 | 4.13%, due 12/1/2031 | &nbsp;&nbsp; 1878046<br> <sup>(a)</sup><br>|
|  | 1429825 | Rackspace Finance LLC, 3.50%, due 5/15/2028 | &nbsp;&nbsp; 508979<br> <sup>(a)</sup><br>|
|  | 2895000 | UKG, Inc., 6.88%, due 2/1/2031 | &nbsp;&nbsp; 2978358<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **12587601** |
| **Telecommunications 5.4%** | **Telecommunications 5.4%** | **Telecommunications 5.4%** | **Telecommunications 5.4%** |
|  |  | Altice Financing SA |  |
|  | 400000 | 5.00%, due 1/15/2028 | &nbsp;&nbsp; 307191<br> <sup>(a)</sup><br>|
|  | 685000 | 5.75%, due 8/15/2029 | &nbsp;&nbsp; 505202<br> <sup>(a)</sup><br>|
|  |  | Altice France SA |  |
|  | 680000 | 8.13%, due 2/1/2027 | &nbsp;&nbsp; 622409<br> <sup>(a)</sup><br>|
|  | 1650000 | 5.50%, due 1/15/2028 | &nbsp;&nbsp; 1366026<br> <sup>(a)</sup><br>|
|  | 1320000 | 5.50%, due 10/15/2029 | &nbsp;&nbsp; 1080565<br> <sup>(a)</sup><br>|
|  |  | Bell Telephone Co. of Canada or Bell Canada |  |
|  | 410000 | 6.88%, due 9/15/2055 | &nbsp;&nbsp; 409520<br> <sup>(e)</sup><br>|
|  | 570000 | 7.00%, due 9/15/2055 | &nbsp;&nbsp; 565635<br> <sup>(e)</sup><br>|
|  |  | CommScope LLC |  |
|  | 345000 | 8.25%, due 3/1/2027 | &nbsp;&nbsp; 314253<br> <sup>(a)</sup><br>|
|  | 2135000 | 9.50%, due 12/15/2031 | &nbsp;&nbsp; 2184045<br> <sup>(a)</sup><br>|
|  | 360000 | CommScope Technologies LLC, 5.00%, due 3/15/2027 | &nbsp;&nbsp; 313279<br> <sup>(a)</sup><br>|
|  |  | Consolidated Communications, Inc. |  |
|  | 470000 | 5.00%, due 10/1/2028 | &nbsp;&nbsp; 446279<br> <sup>(a)</sup><br>|
|  | 1720000 | 6.50%, due 10/1/2028 | &nbsp;&nbsp; 1688507<br> <sup>(a)</sup><br>|
|  |  | EchoStar Corp. |  |
|  | 2400000 | 10.75%, due 11/30/2029 | &nbsp;&nbsp; 2538079 |
|  | 1079199 | 6.75%, due 11/30/2030 | &nbsp;&nbsp; 1005892 |
|  |  | Fibercop SpA |  |
|  | 734000 | 6.38%, due 11/15/2033 | &nbsp;&nbsp; 700420<br> <sup>(a)</sup><br>|
|  | 430000 | 6.00%, due 9/30/2034 | &nbsp;&nbsp; 397093<br> <sup>(a)</sup><br>|
|  | 424000 | 7.20%, due 7/18/2036 | &nbsp;&nbsp; 407196<br> <sup>(a)</sup><br>|
|  | 239000 | 7.72%, due 6/4/2038 | &nbsp;&nbsp; 236902<br> <sup>(a)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** |
|  |  | Frontier Communications Holdings LLC |  |
| $| 1190000 | 5.88%, due 10/15/2027 | &nbsp;&nbsp; $1188654<br> <sup>(a)</sup><br>|
|  | 2340000 | 5.88%, due 11/1/2029 | &nbsp;&nbsp; 2341172 |
|  |  | Iliad Holding SASU |  |
|  | 1140000 | 7.00%, due 10/15/2028 | &nbsp;&nbsp; 1153899<br> <sup>(a)</sup><br>|
|  | 480000 | 7.00%, due 4/15/2032 | &nbsp;&nbsp; 486543<br> <sup>(a)</sup><br>|
|  |  | Level 3 Financing, Inc. |  |
|  | 1005000 | 4.88%, due 6/15/2029 | &nbsp;&nbsp; 876863<br> <sup>(a)</sup><br>|
|  | 455000 | 3.75%, due 7/15/2029 | &nbsp;&nbsp; 342060<br> <sup>(a)</sup><br>|
|  | 794893 | 11.00%, due 11/15/2029 | &nbsp;&nbsp; 888293<br> <sup>(a)</sup><br>|
|  | 640000 | 4.50%, due 4/1/2030 | &nbsp;&nbsp; 532947<br> <sup>(a)</sup><br>|
|  | 998000 | 10.50%, due 5/15/2030 | &nbsp;&nbsp; 1078907<br> <sup>(a)</sup><br>|
|  | 875000 | 10.75%, due 12/15/2030 | &nbsp;&nbsp; 968716<br> <sup>(a)</sup><br>|
|  |  | Lumen Technologies, Inc. |  |
|  | 450000 | 4.50%, due 1/15/2029 | &nbsp;&nbsp; 359326<br> <sup>(a)</sup><br>|
|  | 1075235 | 4.13%, due 4/15/2029 | &nbsp;&nbsp; 1010721<br> <sup>(a)</sup><br>|
|  | 300000 | 10.00%, due 10/15/2032 | &nbsp;&nbsp; 299250<br> <sup>(a)</sup><br>|
|  |  | Rogers Communications, Inc. |  |
|  | 470000 | 7.00%, due 4/15/2055 | &nbsp;&nbsp; 473509<br> <sup>(e)</sup><br>|
|  | 500000 | 7.13%, due 4/15/2055 | &nbsp;&nbsp; 498187<br> <sup>(e)</sup><br>|
|  | 1250000 | Vmed O2 U.K. Financing I PLC, 4.75%, due 7/15/2031 | &nbsp;&nbsp; 1098597<br> <sup>(a)</sup><br>|
|  | 1290000 | Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031 | &nbsp;&nbsp; 1320598<br> <sup>(a)</sup><br>|
|  | 3155000 | Zayo Group Holdings, Inc., 4.00%, due 3/1/2027 | &nbsp;&nbsp; 2905727<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **32912462** |
| **Transportation 0.5%** | **Transportation 0.5%** | **Transportation 0.5%** | **Transportation 0.5%** |
|  | 2975000 | XPO, Inc., 7.13%, due 2/1/2032 | &nbsp;&nbsp; **3047497**<br> <sup>(a)</sup><br>|
| **Trucking & Leasing 0.4%** | **Trucking & Leasing 0.4%** | **Trucking & Leasing 0.4%** | **Trucking & Leasing 0.4%** |
|  |  | Fortress Transportation & Infrastructure Investors LLC |  |
|  | 405000 | 7.88%, due 12/1/2030 | &nbsp;&nbsp; 423408<br> <sup>(a)</sup><br>|
|  | 1645000 | 7.00%, due 5/1/2031 | &nbsp;&nbsp; 1672606<br> <sup>(a)</sup><br>|
|  | 55000 | 7.00%, due 6/15/2032 | &nbsp;&nbsp; 55732<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2151746** |
| **Total Corporate Bonds (Cost $564,335,027)** | **Total Corporate Bonds (Cost $564,335,027)** | **Total Corporate Bonds (Cost $564,335,027)** | &nbsp;&nbsp; **565616609** |
| **Loan Assignments**<sup>(b)</sup> **1.9%** | **Loan Assignments**<sup>(b)</sup> **1.9%** | **Loan Assignments**<sup>(b)</sup> **1.9%** | **Loan Assignments**<sup>(b)</sup> **1.9%** |
| **Capital Markets 0.1%** | **Capital Markets 0.1%** | **Capital Markets 0.1%** | **Capital Markets 0.1%** |
|  | 742705 | Galaxy U.S. Opco, Inc., Term Loan, (3 mo. USD Term SOFR + 5.00%), 9.28%, due 7/31/2030 | &nbsp;&nbsp; **616445** |
| **Commercial Services & Supplies 0.1%** | **Commercial Services & Supplies 0.1%** | **Commercial Services & Supplies 0.1%** | **Commercial Services & Supplies 0.1%** |
|  | 960163 | Crash Champions LLC, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 9.07%, due 2/23/2029 | &nbsp;&nbsp; **858549** |
| **Containers & Packaging 0.1%** | **Containers & Packaging 0.1%** | **Containers & Packaging 0.1%** | **Containers & Packaging 0.1%** |
|  | 661607 | IRIS Holdings, Inc., Term Loan, (3 mo. USD Term SOFR + 4.75%), 9.13%, due 6/28/2028 | &nbsp;&nbsp; **620316** |
| **Electric Utilities 0.3%** | **Electric Utilities 0.3%** | **Electric Utilities 0.3%** | **Electric Utilities 0.3%** |
|  | 800000 | Cornerstone Generation LLC, Term Loan B, (1 mo. USD Term SOFR), due 10/28/2031 | &nbsp;&nbsp; 799832<br> <sup>(g)(i)</sup><br>|
|  |  | Lightstone Holdco LLC |  |
|  | 946908 | Term Loan B, (3 mo. USD Term SOFR + 5.75%), 10.03%, due 1/29/2027 | &nbsp;&nbsp; 942883 |
|  | 53544 | Term Loan C, (3 mo. USD Term SOFR + 5.75%), 10.03%, due 1/29/2027 | &nbsp;&nbsp; 53317 |
|  |  |  | &nbsp;&nbsp; **1796032** |

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Health Care Providers & Services 0.6%** | **Health Care Providers & Services 0.6%** | **Health Care Providers & Services 0.6%** |
| $1115557 | Aveanna Healthcare LLC, Term Loan B, (3 mo. USD Term SOFR + 3.75%), 8.16%, due 7/17/2028 | &nbsp;&nbsp; $1091718 |
|  | National Mentor Holdings, Inc. |  |
| 937016 | &nbsp;&nbsp; Term Loan, (1 mo. USD Term SOFR + 3.75%, 3 mo. USD Term SOFR + 3.75%), 8.15% – 8.17%, <br> due 3/2/2028<br>| &nbsp;&nbsp; 891533<br> <sup>(j)</sup><br>|
| 27219 | Term Loan C, (3 mo. USD Term SOFR + 3.75%), 8.15%, due 3/2/2028 | &nbsp;&nbsp; 25897 |
| 1881191 | Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 8.30%, due 9/27/2030 | &nbsp;&nbsp; 1816535 |
|  |  | &nbsp;&nbsp; **3825683** |
| **Hotels, Restaurants & Leisure 0.2%** | **Hotels, Restaurants & Leisure 0.2%** | **Hotels, Restaurants & Leisure 0.2%** |
| 1245000 | &nbsp;&nbsp; Catawba Nation Gaming Authority, Term Loan B, (3 mo. USD Term SOFR + 4.75%), 9.05%, due <br> 3/29/2032<br>| &nbsp;&nbsp; **1234629** |
| **IT Services 0.1%** | **IT Services 0.1%** | **IT Services 0.1%** |
| 776026 | &nbsp;&nbsp; Rackspace Finance LLC, First Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 10.69%, due <br> 5/15/2028<br>| &nbsp;&nbsp; **767458** |
| **Machinery 0.1%** | **Machinery 0.1%** | **Machinery 0.1%** |
| 628762 | &nbsp;&nbsp; Engineered Machinery Holdings, Inc., Second Lien Term Loan, (3 mo. USD Term SOFR + 6.00%), <br> 10.56%, due 5/21/2029<br>| &nbsp;&nbsp; **616187** |
| **Media 0.1%** | **Media 0.1%** | **Media 0.1%** |
| 370277 | Neptune Bidco U.S., Inc., Term Loan B, (3 mo. USD Term SOFR + 5.00%), 9.33%, due 4/11/2029 | &nbsp;&nbsp; **325870** |
| **Software 0.2%** | **Software 0.2%** | **Software 0.2%** |
|  | MH Sub I LLC |  |
| 310000 | Second Lien Term Loan, (1 mo. USD Term SOFR + 6.25%), 10.57%, due 2/23/2029 | &nbsp;&nbsp; 274350 |
| 383113 | Term Loan, (1 mo. USD Term SOFR + 4.25%), 8.57%, due 5/3/2028 | &nbsp;&nbsp; 362042<br> <sup>(g)(i)</sup><br>|
| 259287 | Term Loan B4, (1 mo. USD Term SOFR + 4.25%), 8.57%, due 12/31/2031 | &nbsp;&nbsp; 226646<br> <sup>(g)(i)</sup><br>|
|  |  | &nbsp;&nbsp; **863038** |
| **Trading Companies & Distributors 0.0%**<sup>‡</sup> | **Trading Companies & Distributors 0.0%**<sup>‡</sup> | **Trading Companies & Distributors 0.0%**<sup>‡</sup> |
| 154610 | &nbsp;&nbsp; Foundation Building Materials Holding Co. LLC, Term Loan B2, (1 mo. USD Term SOFR + 4.00%, 3 <br> mo. USD Term SOFR + 4.00%), 8.28% – 8.32%, due 1/29/2031<br>| &nbsp;&nbsp; **142075**<br> <sup>(j)</sup><br>|
| **Total Loan Assignments (Cost $11,868,624)** | **Total Loan Assignments (Cost $11,868,624)** | &nbsp;&nbsp; **11666282** |
| Number of Shares | Number of Shares |  |
| **Short-Term Investments 2.5%** | **Short-Term Investments 2.5%** | **Short-Term Investments 2.5%** |
| **Investment Companies 2.5%** | **Investment Companies 2.5%** | **Investment Companies 2.5%** |
| 14788587 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, <br> 4.29%<sup>(k)</sup> **(Cost $14,788,587)**<br>| &nbsp;&nbsp; **14788587** |
| **Total Investments 98.6% (Cost $596,393,688)** | **Total Investments 98.6% (Cost $596,393,688)** | &nbsp;&nbsp; **597361755** |
| Other Assets Less Liabilities 1.4% | Other Assets Less Liabilities 1.4% | &nbsp;&nbsp; 8637738 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$605999493** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $509,711,032, which represents 84.1% of net assets of the Fund.

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable or floating rate security. The interest rate shown was the current rate as
 of April 30, 2025 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Payment-in-kind (PIK) security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(g) All or a portion of this security was purchased on a delayed delivery basis.

&nbsp;&nbsp;&nbsp;&nbsp;(h) When-issued security. Total value of all such securities at April 30, 2025 amounted
 to $2,229,741, which represents 0.4% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(i) All or a portion of this security had not settled as of April 30, 2025 and thus may
 not have an interest rate in effect. Interest rates do not take effect until settlement.

&nbsp;&nbsp;&nbsp;&nbsp;(j) The stated interest rates represent the range of rates at April 30, 2025 of the underlying
 contracts within the Loan Assignment.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Represents 7-day effective yield as of April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| **Percentage of** <br>**Net Assets**<br>|
| United States | &nbsp;&nbsp; $519574684 | 85.7<br> %<br>|
| Canada | &nbsp;&nbsp; 22132461 | 3.7<br> %<br>|
| France | &nbsp;&nbsp; 8984003 | 1.5<br> %<br>|
| United Kingdom | &nbsp;&nbsp; 7109980 | 1.2<br> %<br>|
| Germany | &nbsp;&nbsp; 4707860 | 0.8<br> %<br>|
| Cayman Islands | &nbsp;&nbsp; 3930311 | 0.7<br> %<br>|
| Japan | &nbsp;&nbsp; 2438511 | 0.4<br> %<br>|
| Luxembourg | &nbsp;&nbsp; 2081616 | 0.3<br> %<br>|
| Australia | &nbsp;&nbsp; 1900583 | 0.3<br> %<br>|
| Italy | &nbsp;&nbsp; 1741611 | 0.3<br> %<br>|
| Switzerland | &nbsp;&nbsp; 1666758 | 0.3<br> %<br>|
| Spain | &nbsp;&nbsp; 1475438 | 0.2<br> %<br>|
| Bermuda | &nbsp;&nbsp; 1359966 | 0.2<br> %<br>|
| Finland | &nbsp;&nbsp; 1338177 | 0.2<br> %<br>|
| Czech Republic | &nbsp;&nbsp; 1298925 | 0.2<br> %<br>|
| Ireland | &nbsp;&nbsp; 832284 | 0.1<br> %<br>|
| Short-Term Investments and Other Assets—Net | &nbsp;&nbsp; 23426325 | 3.9<br> %<br>|
|  | &nbsp;&nbsp; **$605999493** | **100.0%**<br>|

---

See Notes to Financial Statements

------

Schedule of Investments High Income Bond Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Asset-Backed Securities<sup>#</sup> <br>| $— | $5290277 | $— | $5290277 |
| Corporate Bonds<sup>#</sup> <br>|  | 565616609 |  | 565616609 |
| Loan Assignments<sup>#</sup> <br>|  | 11666282 |  | 11666282 |
| Short-Term Investments |  | 14788587 |  | 14788587 |
| **Total Investments** | **$—** | **$597361755** | **$—** | **$597361755** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Loan Assignments**<sup>(a)</sup> **0.0%**<sup>‡</sup>  | **Loan Assignments**<sup>(a)</sup> **0.0%**<sup>‡</sup>  | **Loan Assignments**<sup>(a)</sup> **0.0%**<sup>‡</sup>  |
| **Oil, Gas & Consumable Fuels 0.0%**<sup>‡</sup> | **Oil, Gas & Consumable Fuels 0.0%**<sup>‡</sup> | **Oil, Gas & Consumable Fuels 0.0%**<sup>‡</sup> |
|  | Rialto Bioenergy Facility LLC |  |
| $58315 | Term Loan, (1 mo. USD Term SOFR + 10.00%), 15.33%, due 6/6/2025 | &nbsp;&nbsp; $0<br> <sup>#(b)(c)(d)</sup><br>|
| 6804 | Term Loan DIP, (1 mo. USD Term SOFR + 10.00%), 15.33%, due 6/6/2025 | &nbsp;&nbsp; 135<br> <sup>#(b)(c)(d)</sup><br>|
| **Total Loan Assignments (Cost $65,119)** | **Total Loan Assignments (Cost $65,119)** | &nbsp;&nbsp; **135** |
| **Municipal Notes 98.8%** | **Municipal Notes 98.8%** | **Municipal Notes 98.8%** |
| **Alabama 4.7%** | **Alabama 4.7%** | **Alabama 4.7%** |
| 200000 | &nbsp;&nbsp; Black Belt Energy Gas District (Alabama Gas Prepay Gas Supply Revenue Project No. 7), <br> Series 2021-C-1, 4.00%, due 12/1/2026<br>| &nbsp;&nbsp; 200401 |
| 1000000 | &nbsp;&nbsp; Energy Southeast A Cooperative District Revenue, Series 2024-B, 5.25%, due 7/1/2054 Putable <br> 6/1/2032<br>| &nbsp;&nbsp; 1060924 |
|  | Southeast Energy Authority A Cooperative District Revenue |  |
| 500000 | Series 2025-A, 5.00%, due 1/1/2056 Putable 6/1/2035 | &nbsp;&nbsp; 512434 |
| 1000000 | Series 2025-B, 5.25%, due 3/1/2055 Putable 1/1/2033 | &nbsp;&nbsp; 1054932 |
|  |  | &nbsp;&nbsp; **2828691** |
| **American Samoa 1.2%** | **American Samoa 1.2%** | **American Samoa 1.2%** |
| 750000 | &nbsp;&nbsp; American Samoa Economic Development Authority General Revenue, Series 2021-A, 5.00%, due <br> 9/1/2038<br>| &nbsp;&nbsp; **737670**<br> <sup>(e)</sup><br>|
| **Arizona 3.4%** | **Arizona 3.4%** | **Arizona 3.4%** |
| 500000 | &nbsp;&nbsp; Maricopa County Industrial Development Authority Education Revenue Refunding (Paradise School <br> Project Paragon Management, Inc.), Series 2016, 5.00%, due 7/1/2036<br>| &nbsp;&nbsp; 500782<br> <sup>(e)</sup><br>|
| 100000 | Navajo Nation Revenue Refunding, Series 2015-A, 5.00%, due 12/1/2025 | &nbsp;&nbsp; 100281<br> <sup>(e)</sup><br>|
| 500000 | &nbsp;&nbsp; Phoenix Industrial Development Authority Education Revenue Refunding (Great Hearts Academies), <br> Series 2016-A, 5.00%, due 7/1/2046<br>| &nbsp;&nbsp; 481927 |
| 500000 | &nbsp;&nbsp; Pima County Industrial Development Authority Education Revenue Refunding (American Leadership <br> Academy Project), Series 2015, 5.38%, due 6/15/2035<br>| &nbsp;&nbsp; 500281<br> <sup>(e)</sup><br>|
| 500000 | &nbsp;&nbsp; Sierra Vista Industrial Development Authority Revenue (American Leadership Academy Project), <br> Series 2024, 5.00%, due 6/15/2059<br>| &nbsp;&nbsp; 458271<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **2041542** |
| **California 10.9%** | **California 10.9%** | **California 10.9%** |
| 675000 | &nbsp;&nbsp; California Community Choice Financing Authority Revenue (Clean Energy), Series 2024-B, 5.00%, <br> due 1/1/2055 Putable 12/1/2032<br>| &nbsp;&nbsp; 696141 |
| 160000 | &nbsp;&nbsp; California County Tobacco Securitization Agency Revenue Refunding, Series 2020-B-1, 5.00%, due <br> 6/1/2049<br>| &nbsp;&nbsp; 157335 |
| 910228 | California Housing Finance Agency Municipal Certificate, Series 2019-A, 4.25%, due 1/15/2035 | &nbsp;&nbsp; 908609 |
| 500000 | &nbsp;&nbsp; California Infrastructure & Economic Development Bank Revenue Refunding (Brightline West <br> Passenger Rail Project), Series 2020-A, 9.50%, due 1/1/2065 Putable 1/1/2035<br>| &nbsp;&nbsp; 482600<br> <sup>(e)</sup><br>|
| 250000 | &nbsp;&nbsp; California Municipal Finance Authority Charter School Lease Revenue (Santa Rosa Academy Project), <br> Series 2015, 5.13%, due 7/1/2035<br>| &nbsp;&nbsp; 249970<br> <sup>(e)</sup><br>|
|  | California Municipal Finance Authority Charter School Revenue (John Adams Academics Project) |  |
| 110000 | Series 2015-A, 4.50%, due 10/1/2025 | &nbsp;&nbsp; 109778 |
| 400000 | Series 2019-A, 5.00%, due 10/1/2049 | &nbsp;&nbsp; 362988<br> <sup>(e)</sup><br>|
| 500000 | &nbsp;&nbsp; California Municipal Finance Authority Charter School Revenue (Palmdale Aerospace Academy <br> Project), Series 2016, 5.00%, due 7/1/2031<br>| &nbsp;&nbsp; 502075<br> <sup>(e)</sup><br>|
| 400000 | &nbsp;&nbsp; California Municipal Finance Authority Revenue (Baptist University), Series 2015-A, 5.00%, due <br> 11/1/2030<br>| &nbsp;&nbsp; 400914<br> <sup>(e)</sup><br>|
| 245111 | &nbsp;&nbsp; California State Pollution Control Financing Authority Solid Waste Disposal Revenue (Calplant I Green <br> Bond Project), Series 2019, 7.50%, due 12/1/2039<br>| &nbsp;&nbsp; 2<br> <sup>(b)(e)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **California – cont'd** | **California – cont'd** | **California – cont'd** | **California – cont'd** |
| $| 500000 | &nbsp;&nbsp; California State School Finance Authority Charter School Revenue (Downtown College <br> Prep-Obligation Group), Series 2016, 4.75%, due 6/1/2036<br>| &nbsp;&nbsp; $300000<br> <sup>(e)</sup><br>|
|  | 600000 | &nbsp;&nbsp; California State School Finance Authority Charter School Revenue (Rocketship Education), <br> Series 2016-A, 5.00%, due 6/1/2031<br>| &nbsp;&nbsp; 600152<br> <sup>(e)</sup><br>|
|  | 400000 | &nbsp;&nbsp; California Statewide Communities Development Authority Revenue Refunding (Lancer Education <br> Student Housing Project), Series 2016-A, 5.00%, due 6/1/2036<br>| &nbsp;&nbsp; 400462<br> <sup>(e)</sup><br>|
|  | 55000 | &nbsp;&nbsp; California Statewide Communities Development Authority Special Tax Revenue Refunding <br> (Community Facility District No. 2007-01 Orinda Wilder Project), Series 2015, 4.50%, due 9/1/2025<br>| &nbsp;&nbsp; 55076 |
|  | 500000 | Chino Valley Unified School District General Obligation, Series 2020-B, (AGM), 3.38%, due 8/1/2050 | &nbsp;&nbsp; 402267 |
|  | 1000000 | &nbsp;&nbsp; Nuveen California AMT-Free Quality Municipal Income Fund Revenue, Series 2017-A, 4.07%, due <br> 10/1/2047<br>| &nbsp;&nbsp; 1000000<br> <sup>(e)(f)</sup><br>|
|  |  |  | &nbsp;&nbsp; **6628369** |
| **Colorado 4.8%** | **Colorado 4.8%** | **Colorado 4.8%** | **Colorado 4.8%** |
|  | 415000 | &nbsp;&nbsp; Colorado Health Facilities Authority Revenue Refunding (Children's Hospital), (LOC: TD Bank N.A.), <br> Series 2020-A, 2.45%, due 12/1/2052<br>| &nbsp;&nbsp; 415000<br> <sup>(f)</sup><br>|
|  | 212000 | &nbsp;&nbsp; Crystal Crossing Metropolitan District Refunding General Obligation, Series 2016, 4.50%, due <br> 12/1/2026<br>| &nbsp;&nbsp; 212091 |
|  |  | &nbsp;&nbsp; Park Creek Metropolitan District Refunding Tax Allocation Revenue (Senior Ltd. Property Tax <br> Supported)<br>|  |
|  | 250000 | Series 2015-A, 5.00%, due 12/1/2034 | &nbsp;&nbsp; 251515 |
|  | 175000 | Series 2015-A, 5.00%, due 12/1/2035 | &nbsp;&nbsp; 175960 |
|  | 500000 | Series 2015-A, 5.00%, due 12/1/2045 | &nbsp;&nbsp; 500795 |
|  | 241000 | Platte River Metropolitan District General Obligation Refunding, Series 2023-A, 6.50%, due 8/1/2053 | &nbsp;&nbsp; 239523<br> <sup>(e)</sup><br>|
|  | 1300000 | &nbsp;&nbsp; Pueblo Urban Renewal Authority Tax Increment Revenue (Evraz Project), Series 2021-A, 4.75%, due <br> 12/1/2045<br>| &nbsp;&nbsp; 1130304<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2925188** |
| **Connecticut 0.8%** | **Connecticut 0.8%** | **Connecticut 0.8%** | **Connecticut 0.8%** |
|  | 500000 | Stamford Housing Authority Revenue Refunding, Series 2025-D, 6.25%, due 10/1/2060 | &nbsp;&nbsp; **487104** |
| **Florida 7.0%** | **Florida 7.0%** | **Florida 7.0%** | **Florida 7.0%** |
|  | 200000 | &nbsp;&nbsp; Capital Trust Agency Senior Living Revenue (H-Bay Ministries, Inc. Superior Residences-Third Tier), <br> Series 2018-C, 7.50%, due 7/1/2053<br>| &nbsp;&nbsp; 3500<br> <sup>(b)(e)</sup><br>|
|  | 500000 | &nbsp;&nbsp; Capital Trust Agency Senior Living Revenue (Wonderful Foundations School Project), Series 2020-A-1, <br> 5.00%, due 1/1/2055<br>| &nbsp;&nbsp; 441476<br> <sup>(e)</sup><br>|
|  | 650000 | &nbsp;&nbsp; Florida Development Finance Corp. Education Facilities Revenue Refunding (Pepin Academies, Inc.), <br> Series 2016-A, 5.00%, due 7/1/2036<br>| &nbsp;&nbsp; 626006 |
|  | 1000000 | &nbsp;&nbsp; Florida Development Finance Corp. Revenue Refunding (Brightline Florida Passenger Rail Expansion <br> Project), Series 2024, 5.50%, due 7/1/2053<br>| &nbsp;&nbsp; 1000064 |
|  | 450000 | &nbsp;&nbsp; Florida State Development Finance Corp. Education Facilities Revenue (Renaissance Charter School, <br> Inc. Project), Series 2015-A, 6.00%, due 6/15/2035<br>| &nbsp;&nbsp; 450275<br> <sup>(e)</sup><br>|
|  | 500000 | Lee County Airport Revenue, Series 2024, 5.25%, due 10/1/2054 | &nbsp;&nbsp; 504127 |
|  | 945000 | &nbsp;&nbsp; Village Community Development District No. 13 Special Assessment Revenue, Series 2019, 3.70%, <br> due 5/1/2050<br>| &nbsp;&nbsp; 744585 |
|  | 500000 | &nbsp;&nbsp; Village Community Development District No. 15 Special Assessment Revenue, Series 2024, 4.80%, <br> due 5/1/2055<br>| &nbsp;&nbsp; 472887<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4242920** |
| **Georgia 3.4%** | **Georgia 3.4%** | **Georgia 3.4%** | **Georgia 3.4%** |
|  | 300000 | &nbsp;&nbsp; Atlanta Development Authority Revenue (Westside Gulch Area Project), Series 2024-A, 5.50%, due <br> 4/1/2039<br>| &nbsp;&nbsp; 300847<br> <sup>(e)</sup><br>|
|  | 965000 | &nbsp;&nbsp; Main Street Natural Gas, Inc. Gas Supply Revenue, Series 2025-A, 5.00%, due 6/1/2055 Putable <br> 6/1/2032<br>| &nbsp;&nbsp; 1018669 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Georgia – cont'd** | **Georgia – cont'd** | **Georgia – cont'd** | **Georgia – cont'd** |
| $| 700000 | &nbsp;&nbsp; Municipal Electric Authority of Georgia Revenue (Plant Vogtle Units 3 & 4 Project M Bonds), <br> Series 2023-A, 5.50%, due 7/1/2064<br>| &nbsp;&nbsp; $721239 |
|  |  |  | &nbsp;&nbsp; **2040755** |
| **Hawaii 0.4%** | **Hawaii 0.4%** | **Hawaii 0.4%** | **Hawaii 0.4%** |
|  | 250000 | &nbsp;&nbsp; Hawaii State Department of Budget & Finance Special Purpose Revenue Refunding, Series 2015-A, <br> 5.00%, due 1/1/2035<br>| &nbsp;&nbsp; **231144**<br> <sup>(e)</sup><br>|
| **Illinois 1.7%** | **Illinois 1.7%** | **Illinois 1.7%** | **Illinois 1.7%** |
|  | 200000 | &nbsp;&nbsp; Chicago O'Hare International Airport Special Facility Revenue (Trips Obligated Group), Series 2018, <br> 5.00%, due 7/1/2048<br>| &nbsp;&nbsp; 197417 |
|  | 400000 | &nbsp;&nbsp; Illinois Finance Authority Charter School Revenue (Intrinsic School-Belmont School Project), <br> Series 2015-A, 5.75%, due 12/1/2035<br>| &nbsp;&nbsp; 401219<br> <sup>(e)</sup><br>|
|  | 425000 | &nbsp;&nbsp; Illinois Finance Authority Revenue Refunding (Rosalind Franklin University of Medicine & Science), <br> Series 2017-A, 5.00%, due 8/1/2047<br>| &nbsp;&nbsp; 412236 |
|  |  |  | &nbsp;&nbsp; **1010872** |
| **Indiana 2.2%** | **Indiana 2.2%** | **Indiana 2.2%** | **Indiana 2.2%** |
|  | 650000 | &nbsp;&nbsp; Indiana State Finance Authority Revenue Refunding (Greencroft Obligation Group), Series 2021-A, <br> 4.00%, due 11/15/2043<br>| &nbsp;&nbsp; 546477 |
|  | 750000 | &nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Revenue (Convention Center Hotel), Series 2023-E, <br> 6.00%, due 3/1/2053<br>| &nbsp;&nbsp; 783391 |
|  |  |  | &nbsp;&nbsp; **1329868** |
| **Kentucky 2.8%** | **Kentucky 2.8%** | **Kentucky 2.8%** | **Kentucky 2.8%** |
|  | 405000 | &nbsp;&nbsp; Kentucky Economic Development Finance Authority (Senior Next Generation Information Highway <br> Project), Series 2015-A, 4.00%, due 7/1/2029<br>| &nbsp;&nbsp; 405036 |
|  | 500000 | &nbsp;&nbsp; Kentucky Economic Development Finance Authority Revenue Refunding (Owensboro Health), <br> Series 2017-A, 5.00%, due 6/1/2041<br>| &nbsp;&nbsp; 495308 |
|  | 900000 | &nbsp;&nbsp; Kentucky Municipal Power Agency Power System Revenue Refunding (Prairie Saint Project), <br> Series 2019-A, 4.00%, due 9/1/2045<br>| &nbsp;&nbsp; 773380 |
|  |  |  | &nbsp;&nbsp; **1673724** |
| **Louisiana 1.0%** | **Louisiana 1.0%** | **Louisiana 1.0%** | **Louisiana 1.0%** |
|  | 248821 | &nbsp;&nbsp; Louisiana Local Government Environmental Facilities & Community Development Authority Revenue <br> (Lafourche Parish Gomesa Project), Series 2019, 3.95%, due 11/1/2043<br>| &nbsp;&nbsp; 217246<br> <sup>(e)</sup><br>|
|  | 400000 | &nbsp;&nbsp; Louisiana Local Government Environmental Facilities & Community Development Authority Revenue <br> Refunding (Westside Habilitation Center Project), Series 2017-A, 5.75%, due 2/1/2032<br>| &nbsp;&nbsp; 384929<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **602175** |
| **Maine 0.5%** | **Maine 0.5%** | **Maine 0.5%** | **Maine 0.5%** |
|  | 1000000 | &nbsp;&nbsp; Maine State Finance Authority (Green Bond-Go Lab Madison LLC Project), Series 2021, 8.00%, due <br> 12/1/2051<br>| &nbsp;&nbsp; 100000<br> <sup>(b)(e)</sup><br>|
|  | 200000 | &nbsp;&nbsp; Maine State Finance Authority Solid Waste Disposal Revenue (Casella Waste System Project), <br> Series 2015, 5.13%, due 8/1/2035 Putable 8/1/2025<br>| &nbsp;&nbsp; 199236<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **299236** |
| **Maryland 0.6%** | **Maryland 0.6%** | **Maryland 0.6%** | **Maryland 0.6%** |
|  |  | Baltimore Special Obligation Revenue Refunding Senior Lien (Harbor Point Project) |  |
|  | 250000 | Series 2019-A, 3.63%, due 6/1/2046 | &nbsp;&nbsp; 201081<br> <sup>(e)</sup><br>|
|  | 200000 | Series 2022, 5.00%, due 6/1/2051 | &nbsp;&nbsp; 187957 |
|  |  |  | &nbsp;&nbsp; **389038** |
| **Massachusetts 1.0%** | **Massachusetts 1.0%** | **Massachusetts 1.0%** | **Massachusetts 1.0%** |
|  |  | Massachusetts State Education Financing Authority Revenue |  |
|  | 250000 | Series 2023-B, 4.25%, due 7/1/2044 | &nbsp;&nbsp; 242035 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Massachusetts – cont'd** | **Massachusetts – cont'd** | **Massachusetts – cont'd** | **Massachusetts – cont'd** |
| $| 350000 | Series 2023-C, 5.00%, due 7/1/2053 | &nbsp;&nbsp; $339287 |
|  |  |  | &nbsp;&nbsp; **581322** |
| **Minnesota 1.2%** | **Minnesota 1.2%** | **Minnesota 1.2%** | **Minnesota 1.2%** |
|  | 500000 | &nbsp;&nbsp; Saint Paul Housing & Redevelopment Authority Charter School Lease Revenue (Academia Cesar <br> Chavez School Project), Series 2015-A, 5.25%, due 7/1/2050<br>| &nbsp;&nbsp; 425970 |
|  | 300000 | &nbsp;&nbsp; Saint Paul Housing & Redevelopment Authority Charter School Lease Revenue (Twin Cities Academy <br> Project), Series 2015-A, 5.00%, due 7/1/2035<br>| &nbsp;&nbsp; 295294 |
|  |  |  | &nbsp;&nbsp; **721264** |
| **Mississippi 0.7%** | **Mississippi 0.7%** | **Mississippi 0.7%** | **Mississippi 0.7%** |
|  | 200000 | &nbsp;&nbsp; Mississippi Business Finance Corp. Revenue (Chevron USA, Inc. Project), Series 2010-G, 2.55%, due <br> 11/1/2035<br>| &nbsp;&nbsp; 200000<br> <sup>(f)</sup><br>|
|  | 255000 | &nbsp;&nbsp; Mississippi Development Bank Special Obligation (Jackson Co. Gomesa Project), Series 2021, 3.63%, <br> due 11/1/2036<br>| &nbsp;&nbsp; 230976<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **430976** |
| **Montana 1.0%** | **Montana 1.0%** | **Montana 1.0%** | **Montana 1.0%** |
|  | 1000000 | &nbsp;&nbsp; Gallatin County Industrial Development Revenue (Bozeman Fiber Project), Series 2021-A, 4.00%, due <br> 10/15/2051<br>| &nbsp;&nbsp; **632939**<br> <sup>(e)</sup><br>|
| **Nevada 0.8%** | **Nevada 0.8%** | **Nevada 0.8%** | **Nevada 0.8%** |
|  | 500000 | &nbsp;&nbsp; Director of the State of Nevada Department of Business & Industrial Revenue (Somerset Academy), <br> Series 2015-A, 5.13%, due 12/15/2045<br>| &nbsp;&nbsp; **480675**<br> <sup>(e)</sup><br>|
| **New Hampshire 1.0%** | **New Hampshire 1.0%** | **New Hampshire 1.0%** | **New Hampshire 1.0%** |
|  | 750000 | &nbsp;&nbsp; New Hampshire Business Finance Authority Revenue Refunding (Green Bond), Series 2020-B, 3.75%, <br> due 7/1/2045 Putable 7/2/2040<br>| &nbsp;&nbsp; **615603**<br> <sup>(e)</sup><br>|
| **New Jersey 1.8%** | **New Jersey 1.8%** | **New Jersey 1.8%** | **New Jersey 1.8%** |
|  | 1000000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Transportation Program Revenue Refunding, <br> Series 2024-AA, 5.25%, due 6/15/2041<br>| &nbsp;&nbsp; **1071696** |
| **New York 9.3%** | **New York 9.3%** | **New York 9.3%** | **New York 9.3%** |
|  | 300000 | &nbsp;&nbsp; Nassau County Industrial Development Agency Revenue Refunding (Cold Spring), (LOC: TD Bank <br> N.A.), Series 1999, 2.45%, due 1/1/2034<br>| &nbsp;&nbsp; 300000<br> <sup>(f)</sup><br>|
|  | 100000 | &nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer System Revenue Refunding (Second <br> General Resolution Revenue Bonds), (LOC: TD Bank N.A.), Series 2013-AA-3, 2.50%, due 6/15/2049<br>| &nbsp;&nbsp; 100000<br> <sup>(f)</sup><br>|
|  | 625000 | &nbsp;&nbsp; New York City Transitional Finance Authority Revenue Refunding (Future Tax Secured), <br> Series 2025-F-1, 5.00%, due 11/1/2036<br>| &nbsp;&nbsp; 694408 |
|  | 325000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue (Delta Airlines, <br> Inc.-LaGuardia Airport Terminal C & D Redevelopment), Series 2018, 5.00%, due 1/1/2028<br>| &nbsp;&nbsp; 331215 |
|  | 200000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue Refunding (American <br> Airlines, Inc., John F. Kennedy International Airport Project), Series 2021, 3.00%, due 8/1/2031<br>| &nbsp;&nbsp; 185046 |
|  | 200000 | Oneida Indian Nation of New York Revenue, Series 2024-B, 6.00%, due 9/1/2043 | &nbsp;&nbsp; 211877<br> <sup>(e)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; Onondaga Civic Development Corp. Revenue Refunding (Crouse Health Hospital, Inc.), Series 2024-A, <br> 5.38%, due 8/1/2054<br>| &nbsp;&nbsp; 875639 |
|  |  | Triborough Bridge & Tunnel Authority Revenue |  |
|  | 1500000 | Series 2025-A, 5.25%, due 12/1/2054 | &nbsp;&nbsp; 1574457 |
|  | 500000 | Series 2025-A, 5.50%, due 12/1/2059 | &nbsp;&nbsp; 530242 |
|  | 420000 | &nbsp;&nbsp; Westchester County Local Development Corp. Revenue Refunding (Kendal on Hudson Project), <br> Series 2022-B, 5.00%, due 1/1/2051<br>| &nbsp;&nbsp; 413863 |
|  | 420000 | &nbsp;&nbsp; Yonkers Economic Development Corp. Education Revenue (Charter School of Education Excellence <br> Project), Series 2019-A, 5.00%, due 10/15/2039<br>| &nbsp;&nbsp; 417019 |
|  |  |  | &nbsp;&nbsp; **5633766** |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **North Carolina 0.5%** | **North Carolina 0.5%** | **North Carolina 0.5%** |
| $200000 | &nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Revenue (Atrium Health), (LOC: JP Morgan Chase Bank <br> N.A.), Series 2018-G, 2.35%, due 1/15/2048<br>| &nbsp;&nbsp; $200000<br> <sup>(f)</sup><br>|
| 100000 | &nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Revenue Refunding (Atrium Health), (LOC: Royal Bank of <br> Canada), Series 2021-E, 2.40%, due 1/15/2042<br>| &nbsp;&nbsp; 100000<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **300000** |
| **Ohio 4.6%** | **Ohio 4.6%** | **Ohio 4.6%** |
| 450000 | &nbsp;&nbsp; Akron Bath Copley Joint Township Hospital District Revenue Refunding (Summa Health Systems <br> Obligation), Series 2020, 4.00%, due 11/15/2035<br>| &nbsp;&nbsp; 432693 |
| 750000 | &nbsp;&nbsp; Buckeye Tobacco Settlement Finance Authority Asset-Backed Senior Revenue Refunding, <br> Series 2020-B-2, 5.00%, due 6/1/2055<br>| &nbsp;&nbsp; 654428 |
| 710000 | &nbsp;&nbsp; Cleveland-Cuyahoga County Port Authority Tax Increment Finance Revenue Refunding (Senior-Flats <br> East Bank Project), Series 2021-A, 4.00%, due 12/1/2055<br>| &nbsp;&nbsp; 533351<br> <sup>(e)</sup><br>|
| 500000 | &nbsp;&nbsp; Ohio State Air Quality Development Authority Exempt Facilities Revenue (AMG Vanadium LLC), <br> Series 2019, 5.00%, due 7/1/2049<br>| &nbsp;&nbsp; 450497<br> <sup>(e)</sup><br>|
| 750000 | &nbsp;&nbsp; Ohio State Air Quality Development Authority Revenue Refunding (Ohio Valley Electric Corp. Project), <br> Series 2019-A, 3.25%, due 9/1/2029<br>| &nbsp;&nbsp; 722688 |
|  |  | &nbsp;&nbsp; **2793657** |
| **Oregon 0.6%** | **Oregon 0.6%** | **Oregon 0.6%** |
| 500000 | Portland General Obligation (Transportation Project), Series 2022-A, 2.25%, due 10/1/2041 | &nbsp;&nbsp; **339940** |
| **Pennsylvania 2.3%** | **Pennsylvania 2.3%** | **Pennsylvania 2.3%** |
| 750000 | &nbsp;&nbsp; Pennsylvania Economic Development Financing Authority Revenue (Bridges Finco LP), Series 2016, <br> 5.00%, due 12/31/2038<br>| &nbsp;&nbsp; 752192 |
| 500000 | &nbsp;&nbsp; Pennsylvania Economic Development Financing Authority Revenue Refunding (Energy Supply LLC), <br> Series 2009-C, 5.25%, due 12/1/2037 Putable 6/1/2027<br>| &nbsp;&nbsp; 500799 |
| 400000 | &nbsp;&nbsp; Pennsylvania Economic Development Financing Authority Revenue Refunding (Tapestry Moon Senior <br> Housing Project), Series 2018-A, 6.75%, due 12/1/2053<br>| &nbsp;&nbsp; 120000<br> <sup>(b)(e)</sup><br>|
|  |  | &nbsp;&nbsp; **1372991** |
| **Puerto Rico 3.1%** | **Puerto Rico 3.1%** | **Puerto Rico 3.1%** |
|  | Puerto Rico Commonwealth General Obligation (Restructured) |  |
| 74376 | Series 2021-A, 0.00%, due 7/1/2033 | &nbsp;&nbsp; 49840 |
| 32139 | Series 2021-A1, 5.38%, due 7/1/2025 | &nbsp;&nbsp; 32192 |
| 63784 | Series 2021-A1, 5.63%, due 7/1/2027 | &nbsp;&nbsp; 65034 |
| 62750 | Series 2021-A1, 5.63%, due 7/1/2029 | &nbsp;&nbsp; 65224 |
| 60948 | Series 2021-A1, 5.75%, due 7/1/2031 | &nbsp;&nbsp; 64616 |
| 57794 | Series 2021-A1, 4.00%, due 7/1/2033 | &nbsp;&nbsp; 55180 |
| 51950 | Series 2021-A1, 4.00%, due 7/1/2035 | &nbsp;&nbsp; 48352 |
| 44586 | Series 2021-A1, 4.00%, due 7/1/2037 | &nbsp;&nbsp; 40872 |
| 60620 | Series 2021-A1, 4.00%, due 7/1/2041 | &nbsp;&nbsp; 51606 |
| 813045 | Series 2021-A1, 4.00%, due 7/1/2046 | &nbsp;&nbsp; 664674 |
| 1500000 | Puerto Rico Electric Power Authority Revenue, Series 2012-A, 5.00%, due 7/1/2042 | &nbsp;&nbsp; 727500<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1865090** |
| **Rhode Island 2.2%** | **Rhode Island 2.2%** | **Rhode Island 2.2%** |
| 1300000 | &nbsp;&nbsp; Rhode Island Health and Educational Building Corp. Revenue (Lifespan Obligation Group), <br> Series 2024, 5.25%, due 5/15/2054<br>| &nbsp;&nbsp; **1313390** |
| **South Carolina 1.3%** | **South Carolina 1.3%** | **South Carolina 1.3%** |
| 500000 | &nbsp;&nbsp; Lancaster County Assessment Revenue Refunding (Walnut Creek Improvement District), <br> Series 2016-A-1, 5.00%, due 12/1/2031<br>| &nbsp;&nbsp; 499990 |
| 150000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Economic Development Revenue (River Park <br> Senior Living Project), Series 2017-A, 7.75%, due 10/1/2057<br>| &nbsp;&nbsp; 155911 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **South Carolina – cont'd** | **South Carolina – cont'd** | **South Carolina – cont'd** | **South Carolina – cont'd** |
| $| 300000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (AMT-Green <br> Bond-Last Step Recycling LLC Project), Series 2021-A, 6.50%, due 6/1/2051<br>| &nbsp;&nbsp; $45000<br> <sup>(b)(e)</sup><br>|
|  | 500000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (Green <br> Bond-Jasper Pellets LLC Project), Series 2018-A, 7.00%, due 11/1/2038<br>| &nbsp;&nbsp; 41150<br> <sup>#(b)(c)(d)</sup><br>|
|  | 500000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (RePower South <br> Berkeley LLC Project), Series 2017, 6.25%, due 2/1/2045<br>| &nbsp;&nbsp; 45000<br> <sup>(b)(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **787051** |
| **Tennessee 2.2%** | **Tennessee 2.2%** | **Tennessee 2.2%** | **Tennessee 2.2%** |
|  | 500000 | &nbsp;&nbsp; Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Revenue <br> (Blakeford At Green Hills), Series 2020-A, 4.00%, due 11/1/2045<br>| &nbsp;&nbsp; 403709 |
|  | 1000000 | &nbsp;&nbsp; Shelby County Health & Educational Facilities Board Revenue (Madrone Memphis Student Housing I <br> LLC), Series 2024-A1, 5.25%, due 6/1/2056<br>| &nbsp;&nbsp; 959297<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1363006** |
| **Texas 8.1%** | **Texas 8.1%** | **Texas 8.1%** | **Texas 8.1%** |
|  | 750000 | &nbsp;&nbsp; Anson Educational Facilities Corp. Educational Revenue (Arlington Classics Academy), Series 2016-A, <br> 5.00%, due 8/15/2045<br>| &nbsp;&nbsp; 714670 |
|  | 500000 | Dallas Independent School District General Obligation, Series 2022, (PSF-GTD), 2.75%, due 2/15/2052 | &nbsp;&nbsp; 325777 |
|  | 95000 | &nbsp;&nbsp; Fort Bend County Industrial Development Corp. Revenue (NRG Energy, Inc.), Series 2012-A, 4.75%, <br> due 5/1/2038<br>| &nbsp;&nbsp; 93587 |
|  | 495000 | &nbsp;&nbsp; Harris County Municipal Utility District No. 489 General Obligation, Series 2023, (AGM), 4.00%, due <br> 9/1/2036<br>| &nbsp;&nbsp; 492468 |
|  |  | Hidalgo County Regional Mobility Authority Toll & Vehicle Registration Junior Lien Refunding |  |
|  | 755000 | Series 2022-B, 4.00%, due 12/1/2039 | &nbsp;&nbsp; 675119 |
|  | 1000000 | Series 2022-B, 4.00%, due 12/1/2040 | &nbsp;&nbsp; 876658 |
|  | 250000 | New Hope Cultural Education Facilities Finance Corp. Revenue, Series 2025-A, 6.50%, due 10/1/2060 | &nbsp;&nbsp; 243071 |
|  | 500000 | &nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Revenue (Beta Academy), Series 2019-A, <br> 5.00%, due 8/15/2049<br>| &nbsp;&nbsp; 453398<br> <sup>(e)</sup><br>|
|  | 500000 | &nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Senior Living Revenue (Cardinal Bay, Inc. Village <br> On The Park Carriage), Series 2016-C, 5.50%, due 7/1/2046<br>| &nbsp;&nbsp; 250000<br> <sup>(b)</sup><br>|
|  | 500000 | &nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Student Housing Revenue (NCCD-College <br> Station Properties LLC), Series 2015-A, 5.00%, due 7/1/2047<br>| &nbsp;&nbsp; 481544<br> <sup>(b)</sup><br>|
|  | 300000 | &nbsp;&nbsp; Port of Beaumont Navigation District Revenue (Jefferson Gulf Coast Energy Project), Series 2024-A, <br> 5.25%, due 1/1/2054<br>| &nbsp;&nbsp; 284773<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4891065** |
| **Utah 2.1%** | **Utah 2.1%** | **Utah 2.1%** | **Utah 2.1%** |
|  |  | Utah Infrastructure Agency Telecommunication Revenue |  |
|  | 600000 | Series 2019-A, 4.00%, due 10/15/2036 | &nbsp;&nbsp; 570530 |
|  | 1000000 | Series 2021-A, 3.00%, due 10/15/2045 | &nbsp;&nbsp; 701964 |
|  |  |  | &nbsp;&nbsp; **1272494** |
| **Vermont 1.1%** | **Vermont 1.1%** | **Vermont 1.1%** | **Vermont 1.1%** |
|  | 500000 | &nbsp;&nbsp; Vermont Economic Development Authority Solid Waste Disposal Revenue (Casella Waste System, Inc.), <br> Series 2013, 4.63%, due 4/1/2036 Putable 4/3/2028<br>| &nbsp;&nbsp; 503386<br> <sup>(e)</sup><br>|
|  | 165000 | Vermont Student Assistant Corp. Education Loan Revenue, Series 2015-A, 4.13%, due 6/15/2028 | &nbsp;&nbsp; 165056 |
|  |  |  | &nbsp;&nbsp; **668442** |
| **West Virginia 3.5%** | **West Virginia 3.5%** | **West Virginia 3.5%** | **West Virginia 3.5%** |
|  |  | West Virginia Hospital Finance Authority Revenue (Vandalia Health Group) |  |
|  | 1500000 | Series 2023-B, 6.00%, due 9/1/2053 | &nbsp;&nbsp; 1608826 |
|  | 500000 | Series 2023-B, (AGM), 5.38%, due 9/1/2053 | &nbsp;&nbsp; 522078 |
|  |  |  | &nbsp;&nbsp; **2130904** |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Wisconsin 5.0%** | **Wisconsin 5.0%** | **Wisconsin 5.0%** |
| $300000 | &nbsp;&nbsp; Public Finance Authority Education Revenue (Resh Triangle High School Project), Series 2015-A, <br> 5.38%, due 7/1/2035<br>| &nbsp;&nbsp; $300066<br> <sup>(e)</sup><br>|
| 500000 | &nbsp;&nbsp; Public Finance Authority Hospital Revenue (Carson Valley Medical Center), Series 2021-A, 4.00%, due <br> 12/1/2051<br>| &nbsp;&nbsp; 409060<br> <sup>(e)</sup><br>|
| 385456 | &nbsp;&nbsp; Public Finance Authority Revenue (Goodwill Industries of Southern Nevada Project), Series 2015-A, <br> 5.50%, due 12/1/2038<br>| &nbsp;&nbsp; 342393 |
| 481000 | Public Finance Authority Revenue (Signorelli Project), Series 2024, 5.38%, due 12/15/2032 | &nbsp;&nbsp; 478544<br> <sup>(e)</sup><br>|
|  | Public Finance Authority Special Facility Revenue (Sky Harbour Capital LLC Aviation Facility Project) |  |
| 500000 | Series 2021, 4.00%, due 7/1/2041 | &nbsp;&nbsp; 435380 |
| 500000 | Series 2021, 4.25%, due 7/1/2054 | &nbsp;&nbsp; 402474 |
| 200000 | Saint Croix Chippewa Indians of Wisconsin Refunding, Series 2021, 5.00%, due 9/30/2041 | &nbsp;&nbsp; 173743<br> <sup>(e)</sup><br>|
| 500000 | &nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority Revenue (Chiara Housing & Services, Inc. Project), <br> Series 2024, 6.00%, due 7/1/2060<br>| &nbsp;&nbsp; 488838 |
|  |  | &nbsp;&nbsp; **3030498** |
| **Total Municipal Notes (Cost $66,477,926)** | **Total Municipal Notes (Cost $66,477,926)** | &nbsp;&nbsp; **59765065** |
| **Total Investments 98.8% (Cost $66,543,045)** | **Total Investments 98.8% (Cost $66,543,045)** | &nbsp;&nbsp; **59765200** |
| Other Assets Less Liabilities 1.2% | Other Assets Less Liabilities 1.2% | &nbsp;&nbsp; 753530 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$60518730** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Variable or floating rate security. The interest rate shown was the current rate as
 of April 30, 2025 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Value determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Security fair valued as of April 30, 2025 in accordance with procedures approved by
 the valuation designee. Total value of all such securities at April 30, 2025 amounted to $41,285, which represents
 0.1% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $18,298,300, which represents 30.2% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Variable rate demand obligation where the stated interest rate is not based on a published
 reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined
 by the remarketing agent. The rate shown represents the rate in effect at April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

#

This security is subject to restrictions on resale. Total value of all such securities at April 30, 2025 amounted to $41,285, which represents 0.1% of net assets of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| &nbsp;&nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| &nbsp;&nbsp;&nbsp; **Value as of** <br>**4/30/2025**<br>| &nbsp;&nbsp;&nbsp; **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**as of** <br>**4/30/2025**<br>|
| Rialto Bioenergy Facility LLC | 11/21/2023-1/31/2024 | &nbsp;&nbsp;&nbsp;&nbsp; $6804 | &nbsp;&nbsp;&nbsp;&nbsp; $135 | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|
| Rialto Bioenergy Facility LLC | 11/30/2023-5/29/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 58315 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|
| South Carolina Jobs Economic Development <br> Authority Solid Waste Disposal Revenue (Green <br> Bond-Jasper Pellets LLC Project)<br>| 12/4/2018-6/25/2020 | &nbsp;&nbsp;&nbsp;&nbsp; 482888 | &nbsp;&nbsp;&nbsp;&nbsp; 41150 | &nbsp;&nbsp;&nbsp;&nbsp; 0.1<br> %<br>|
| **Total** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$548007** | &nbsp;&nbsp;&nbsp;&nbsp; **$41285** | &nbsp;&nbsp;&nbsp;&nbsp; **0.1%**<br>|

---

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Loan Assignments<sup>#</sup> <br>| $— | $— | $135 | $135 |
| Municipal Notes |  |  |  |  |
| South Carolina |  | 745901 | 41150 | 787051 |
| Other Municipal Notes<sup>#</sup> <br>|  | 58978014 |  | 58978014 |
| Total Municipal Notes |  | 59723915 | 41150 | 59765065 |
| **Total Investments** | **$—** | **$59723915** | **$41285** | **$59765200** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry, state/territory or sector categorization.

See Notes to Financial Statements

------

Schedule of Investments Municipal High Income Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following is a reconciliation between the beginning and ending balances of investments
 in which significant unobservable inputs (Level 3) were used in determining value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| (000's <br>omitted)<br>| Beginning <br>balance as <br>of 11/1/2024<br>| Accrued <br>discounts/ <br>(premiums)<br>| Realized <br>gain/(loss)<br>| Change <br>in unrealized <br>appreciation/ <br>(depreciation)<br>| Purchases | Sales/ <br>Other <br>Reductions<br>| Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance <br>as of <br>4/30/2025<br>| Net change in <br>unrealized <br>appreciation/ <br>(depreciation) <br>from <br>investments <br>still held as of <br>4/30/2025<br>|
| Investments in <br>Securities: <br>|  |  |  |  |  |  |  |  |  |  |
| Loan <br> Assignments<sup>(1)</sup><br>| $7 | $— | $— | $(1)<br>| $— | $(6)<br>| $— | $— | $— | $(1)<br>|
| Municipal <br> Notes<sup>(1)</sup><br>| 65 |  | (165)<br>| 163 |  | (22)<br>|  |  | 41 |  |
| Total | $72 | $— | $(165)<br>| $162 | $— | $(28)<br>| $— | $— | $41 | $(1)<br>|
| (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Investment type | Fair value <br>at <br>4/30/2025<br>| Valuation <br>approach<br>| Significant unobservable <br>input(s)<br>| Input value/ <br>range<br>| Weighted <br>average<sup>(a)</sup><br>| Impact to <br>valuation <br>from <br>increase <br>in input<sup>(b)</sup><br>|
| Loan Assignments | $135 | Market Approach | Recovery Value (of Par Value) | 0.0% - 2.0% | 2.0% | Increase |
| Municipal Notes | 41150 | Market Approach | Recovery Value (of Par Value) | 8.2% | 8.2% | Increase |
| (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |

---

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Municipal Notes 99.1%** | **Municipal Notes 99.1%** | **Municipal Notes 99.1%** |
| **Alabama 2.2%** | **Alabama 2.2%** | **Alabama 2.2%** |
| $1000000 | &nbsp;&nbsp; Energy Southeast A Cooperative District Revenue, Series 2024-B, 5.25%, due 7/1/2054 Putable <br> 6/1/2032<br>| &nbsp;&nbsp; $1060924 |
| 565000 | Fort Payne City General Obligation (School Warrants), Series 2018-B, (AGM), 5.00%, due 5/1/2027 | &nbsp;&nbsp; 585583 |
|  |  | &nbsp;&nbsp; **1646507** |
| **Arizona 0.6%** | **Arizona 0.6%** | **Arizona 0.6%** |
| 500000 | &nbsp;&nbsp; Sierra Vista Industrial Development Authority Revenue (American Leadership Academy Project), <br> Series 2024, 5.00%, due 6/15/2059<br>| &nbsp;&nbsp; **458271**<br> <sup>(a)</sup><br>|
| **Arkansas 1.2%** | **Arkansas 1.2%** | **Arkansas 1.2%** |
| 550000 | &nbsp;&nbsp; Benton Washington Regional Public Water Authority Revenue Green Bond, Series 2022, (BAM), <br> 4.00%, due 10/1/2033<br>| &nbsp;&nbsp; 555934 |
| 315000 | Russellville Water & Sewer Revenue, Series 2018, (AGM), 4.00%, due 7/1/2028 | &nbsp;&nbsp; 315351 |
|  |  | &nbsp;&nbsp; **871285** |
| **California 0.3%** | **California 0.3%** | **California 0.3%** |
| 250000 | &nbsp;&nbsp; California Infrastructure & Economic Development Bank Revenue Refunding (Brightline West <br> Passenger Rail Project), Series 2020-A, 9.50%, due 1/1/2065 Putable 1/1/2035<br>| &nbsp;&nbsp; **241300**<br> <sup>(a)</sup><br>|
| **District of Columbia 1.1%** | **District of Columbia 1.1%** | **District of Columbia 1.1%** |
| 775000 | District of Columbia Revenue Refunding (Gallaudet University), Series 2021-A, 5.00%, due 4/1/2051 | &nbsp;&nbsp; **779930** |
| **Florida 2.5%** | **Florida 2.5%** | **Florida 2.5%** |
| 750000 | &nbsp;&nbsp; Florida Development Finance Corp. Revenue Refunding (Brightline Florida Passenger Rail Expansion <br> Project), Series 2024, 5.50%, due 7/1/2053<br>| &nbsp;&nbsp; 750048 |
| 1000000 | &nbsp;&nbsp; Wildwood Utility Dependent District Revenue (Senior-South Sumter Utilities Project), Series 2021, <br> (BAM), 5.00%, due 10/1/2034<br>| &nbsp;&nbsp; 1071480 |
|  |  | &nbsp;&nbsp; **1821528** |
| **Georgia 6.4%** | **Georgia 6.4%** | **Georgia 6.4%** |
| 520000 | &nbsp;&nbsp; Gainesville & Hall County Hospital Authority Revenue (Northeast Georgia Health System, Inc.), <br> Series 2024, 5.00%, due 10/15/2030<br>| &nbsp;&nbsp; 560828 |
|  | Main Street Natural Gas, Inc. Gas Supply Revenue |  |
| 1000000 | Series 2023-A, 5.00%, due 6/1/2053 Putable 6/1/2030 | &nbsp;&nbsp; 1034507 |
| 625000 | Series 2024-B, 5.00%, due 12/1/2054 Putable 3/1/2032 | &nbsp;&nbsp; 656031 |
| 1420000 | Series 2025-A, 5.00%, due 6/1/2055 Putable 6/1/2032 | &nbsp;&nbsp; 1498974 |
| 1000000 | &nbsp;&nbsp; Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Refunding, Series 2016-B, 5.00%, due <br> 7/1/2035 Pre-Refunded 7/1/2026<br>| &nbsp;&nbsp; 1022885 |
|  |  | &nbsp;&nbsp; **4773225** |
| **Illinois 6.9%** | **Illinois 6.9%** | **Illinois 6.9%** |
|  | &nbsp;&nbsp; Cook County Community Consolidated School District No. 21 General Obligation (Wheeling School <br> Building)<br>|  |
| 1000000 | Series 2019-A, (AGM), 4.00%, due 12/1/2035 | &nbsp;&nbsp; 986782 |
| 880000 | Series 2020-A, (BAM), 5.00%, due 12/1/2030 | &nbsp;&nbsp; 930660 |
|  | Illinois State General Obligation |  |
| 670000 | Series 2016, 4.00%, due 1/1/2031 | &nbsp;&nbsp; 662379 |
| 600000 | Series 2023-B, 5.00%, due 5/1/2028 | &nbsp;&nbsp; 623689 |
|  | Sales Tax Securitization Corp. Senior Lien Revenue Refunding (Social Bonds) |  |
| 650000 | Series 2023-A, 5.00%, due 1/1/2033 | &nbsp;&nbsp; 691226 |
| 1275000 | Series 2023-A, 4.00%, due 1/1/2042 | &nbsp;&nbsp; 1222135 |
|  |  | &nbsp;&nbsp; **5116871** |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Indiana 3.2%** | **Indiana 3.2%** | **Indiana 3.2%** |
| $895000 | &nbsp;&nbsp; Anderson School Building Corp. (First Mortgage), Series 2018, (ST INTERCEPT), 5.00%, due <br> 1/15/2026<br>| &nbsp;&nbsp; $904521 |
| 400000 | IPS Multi-School Building Corp. Revenue, Series 2024, (ST INTERCEPT), 5.00%, due 7/15/2039 | &nbsp;&nbsp; 422909 |
| 1000000 | Northern Indiana Commuter Transportation District Revenue, Series 2024, 5.00%, due 1/1/2054 | &nbsp;&nbsp; 1020001 |
|  |  | &nbsp;&nbsp; **2347431** |
| **Iowa 1.4%** | **Iowa 1.4%** | **Iowa 1.4%** |
| 1000000 | &nbsp;&nbsp; Des Moines Metropolitan Wastewater Reclamation Authority Revenue, Series 2024-B, 5.00%, due <br> 6/1/2037<br>| &nbsp;&nbsp; **1072709** |
| **Kentucky 6.7%** | **Kentucky 6.7%** | **Kentucky 6.7%** |
|  | Breathitt County School District Finance Corp. Revenue |  |
| 210000 | Series 2021, (ST INTERCEPT), 2.00%, due 4/1/2027 | &nbsp;&nbsp; 201841 |
| 835000 | Series 2021, (ST INTERCEPT), 2.00%, due 4/1/2029 | &nbsp;&nbsp; 763785 |
| 900000 | &nbsp;&nbsp; Daviess County School District Finance Corp. Revenue, Series 2021-A, (ST INTERCEPT), 2.00%, due <br> 12/1/2031<br>| &nbsp;&nbsp; 768461 |
| 650000 | Green County School District Finance Corp., Series 2021, (ST INTERCEPT), 2.00%, due 10/1/2026 | &nbsp;&nbsp; 630820 |
| 500000 | &nbsp;&nbsp; Kentucky Economic Development Finance Authority Revenue Refunding (Owensboro Health), <br> Series 2017-A, 5.00%, due 6/1/2041<br>| &nbsp;&nbsp; 495308 |
| 1000000 | &nbsp;&nbsp; Logan-Todd Regional Water Commission Revenue Refunding, Series 2016-A, (AGM), 5.00%, due <br> 7/1/2028<br>| &nbsp;&nbsp; 1021322 |
| 1000000 | &nbsp;&nbsp; Warren County School District General Obligation, Series 2024, (ST INTERCEPT), 5.00%, due <br> 12/1/2029<br>| &nbsp;&nbsp; 1074307 |
|  |  | &nbsp;&nbsp; **4955844** |
| **Louisiana 3.2%** | **Louisiana 3.2%** | **Louisiana 3.2%** |
|  | Natchitoches Parish School District No. 9 General Obligation |  |
| 505000 | Series 2018, (AGM), 5.00%, due 3/1/2027 | &nbsp;&nbsp; 520351 |
| 755000 | Series 2018, (AGM), 5.00%, due 3/1/2028 | &nbsp;&nbsp; 788758 |
| 1000000 | &nbsp;&nbsp; Rapides Parish Consolidated School District No. 62 General Obligation, Series 2024, (BAM), 5.00%, <br> due 3/1/2043<br>| &nbsp;&nbsp; 1033595 |
|  |  | &nbsp;&nbsp; **2342704** |
| **Maine 0.1%** | **Maine 0.1%** | **Maine 0.1%** |
| 400000 | &nbsp;&nbsp; Maine State Finance Authority (Green Bond-Go Lab Madison LLC Project), Series 2021, 8.00%, due <br> 12/1/2051<br>| &nbsp;&nbsp; **40000**<br> <sup>(a)(b)</sup><br>|
| **Michigan 9.8%** | **Michigan 9.8%** | **Michigan 9.8%** |
| 1000000 | Dearborn General Obligation (Sewer), Series 2018, 4.00%, due 4/1/2033 | &nbsp;&nbsp; 1010107 |
|  | Detroit General Obligation |  |
| 500000 | Series 2021-A, 4.00%, due 4/1/2040 | &nbsp;&nbsp; 457562 |
| 250000 | Series 2023-C, 6.00%, due 5/1/2043 | &nbsp;&nbsp; 272000 |
| 70000 | &nbsp;&nbsp; Fowlerville Community School District Refunding General Obligation, Series 2022, (Q-SBLF), 4.00%, <br> due 5/1/2033<br>| &nbsp;&nbsp; 71593 |
|  | Kent Hospital Finance Authority Revenue (Mary Free Bed Rehabilitation Hospital) |  |
| 105000 | Series 2021-A, 5.00%, due 4/1/2028 | &nbsp;&nbsp; 108993 |
| 1015000 | Series 2021-A, 4.00%, due 4/1/2033 | &nbsp;&nbsp; 1020882 |
| 500000 | Livonia Public School District General Obligation, Series 2016, (AGM), 5.00%, due 5/1/2028 | &nbsp;&nbsp; 509416 |
| 750000 | &nbsp;&nbsp; Michigan State Housing Development Authority Revenue (Non Ace), Series 2016-B, 2.50%, due <br> 12/1/2026<br>| &nbsp;&nbsp; 727281 |
| 290000 | &nbsp;&nbsp; Michigan State Housing Development Authority Revenue Refunding, Series 2018-B, 3.15%, due <br> 4/1/2028<br>| &nbsp;&nbsp; 285336 |
| 1000000 | &nbsp;&nbsp; Michigan State Strategic Fund Ltd. Obligation Revenue (Green Bond-Recycled Board Machine Project), <br> Series 2021, 4.00%, due 10/1/2061 Putable 10/1/2026<br>| &nbsp;&nbsp; 994388 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Michigan – cont'd** | **Michigan – cont'd** | **Michigan – cont'd** | **Michigan – cont'd** |
|  |  | Trenton Public School District General Obligation (School Building & Site) |  |
| $| 785000 | Series 2018-B, (Q-SBLF), 5.00%, due 5/1/2036 | &nbsp;&nbsp; $813290 |
|  | 1025000 | Series 2018-B, (Q-SBLF), 5.00%, due 5/1/2039 | &nbsp;&nbsp; 1054604 |
|  |  |  | &nbsp;&nbsp; **7325452** |
| **Minnesota 2.5%** | **Minnesota 2.5%** | **Minnesota 2.5%** | **Minnesota 2.5%** |
|  |  | Duluth Economic Development Authority Revenue Refunding (Saint Luke's Hospital of Duluth) |  |
|  | 310000 | Series 2022-A, 5.00%, due 6/15/2027 | &nbsp;&nbsp; 320403 |
|  | 410000 | Series 2022-A, 5.00%, due 6/15/2028 | &nbsp;&nbsp; 429612 |
|  |  | Minnesota Agricultural & Economic Development Board Revenue (HealthPartners Obligated Group) |  |
|  | 250000 | Series 2024, 5.00%, due 1/1/2036 | &nbsp;&nbsp; 270560 |
|  | 600000 | Series 2024, 5.25%, due 1/1/2054 | &nbsp;&nbsp; 615585 |
|  | 210000 | &nbsp;&nbsp; Saint Paul Housing & Redevelopment Authority Charter School Lease Revenue (Metro Deaf School <br> Project), Series 2018-A, 5.00%, due 6/15/2038<br>| &nbsp;&nbsp; 197171<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1833331** |
| **Mississippi 1.0%** | **Mississippi 1.0%** | **Mississippi 1.0%** | **Mississippi 1.0%** |
|  | 730000 | Gulfport Revenue (Memorial Hospital At Gulfport), Series 2025, 5.00%, due 7/1/2032 | &nbsp;&nbsp; **778747** |
| **Missouri 3.5%** | **Missouri 3.5%** | **Missouri 3.5%** | **Missouri 3.5%** |
|  | 1000000 | &nbsp;&nbsp; Bi-State Development Agency of the Missouri-Illinois Metropolitan District Revenue Refunding <br> (Combined Lien Mass Transit Sales Tax Appropriation), Series 2019, 4.00%, due 10/1/2036<br>| &nbsp;&nbsp; 985718 |
|  |  | Saint Louis School District General Obligation |  |
|  | 510000 | Series 2023, (AGM), 5.00%, due 4/1/2035 | &nbsp;&nbsp; 551114 |
|  | 1000000 | Series 2023, (AGM), 5.00%, due 4/1/2039 | &nbsp;&nbsp; 1055849 |
|  |  |  | &nbsp;&nbsp; **2592681** |
| **New Hampshire 1.7%** | **New Hampshire 1.7%** | **New Hampshire 1.7%** | **New Hampshire 1.7%** |
|  |  | New Hampshire Business Finance Authority Revenue (Pennichuck Water Works, Inc.) |  |
|  | 250000 | Series 2024-A, 5.50%, due 4/1/2043 | &nbsp;&nbsp; 250456 |
|  | 300000 | Series 2024-A, 5.38%, due 4/1/2049 | &nbsp;&nbsp; 290504 |
|  | 325000 | Series 2024-A, 5.50%, due 4/1/2054 | &nbsp;&nbsp; 317275 |
|  | 400000 | Series 2024-A, 5.63%, due 4/1/2059 | &nbsp;&nbsp; 396804 |
|  |  |  | &nbsp;&nbsp; **1255039** |
| **New Jersey 1.1%** | **New Jersey 1.1%** | **New Jersey 1.1%** | **New Jersey 1.1%** |
|  | 185000 | &nbsp;&nbsp; New Jersey State Economic Development Authority Revenue (Social Bonds), Series 2021-QQQ, <br> 5.00%, due 6/15/2025<br>| &nbsp;&nbsp; 185266 |
|  | 100000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Revenue Refunding, Series 2021-A, 5.00%, due <br> 6/15/2031<br>| &nbsp;&nbsp; 108291 |
|  | 500000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Transportation System Revenue Refunding, <br> Series 2019-A, 5.00%, due 12/15/2031<br>| &nbsp;&nbsp; 529177 |
|  |  |  | &nbsp;&nbsp; **822734** |
| **New Mexico 1.4%** | **New Mexico 1.4%** | **New Mexico 1.4%** | **New Mexico 1.4%** |
|  | 1000000 | &nbsp;&nbsp; New Mexico Municipal Energy Acquisition Authority Revenue Refunding, Series 2025, 5.00%, due <br> 6/1/2054 Putable 11/1/2030<br>| &nbsp;&nbsp; **1047581** |
| **New York 7.6%** | **New York 7.6%** | **New York 7.6%** | **New York 7.6%** |
|  | 250000 | &nbsp;&nbsp; Buffalo Sewer Authority Environmental Impact Revenue (Green Bond), Series 2021, 1.75%, due <br> 6/15/2049<br>| &nbsp;&nbsp; 182049<br> <sup>(c)</sup><br>|
|  | 200000 | &nbsp;&nbsp; Build NYC Resource Corp. Revenue (New Dawn Charter School Project), Series 2019, 5.75%, due <br> 2/1/2049<br>| &nbsp;&nbsp; 188832<br> <sup>(a)</sup><br>|
|  | 555000 | &nbsp;&nbsp; Metropolitan Transportation Authority Revenue, (LOC: Barclays Bank PLC), Series 2015-E1, 2.55%, <br> due 11/15/2050<br>| &nbsp;&nbsp; 555000<br> <sup>(d)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **New York – cont'd** | **New York – cont'd** | **New York – cont'd** | **New York – cont'd** |
| $| 975000 | &nbsp;&nbsp; Nassau County Industrial Development Agency Revenue Refunding (Cold Spring), (LOC: TD Bank <br> N.A.), Series 1999, 2.45%, due 1/1/2034<br>| &nbsp;&nbsp; $975000<br> <sup>(d)</sup><br>|
|  | 150000 | &nbsp;&nbsp; Nassau County Local Economic Assistance Corp. Revenue (Catholic Health Services of Long Island <br> Obligated Group Project), Series 2014, 5.00%, due 7/1/2027<br>| &nbsp;&nbsp; 150096 |
|  | 1090000 | &nbsp;&nbsp; New York City Housing Development Corp. Multi-Family Housing Revenue (Sustainable Development <br> Bonds), Series 2021-F-1, (FHA), 1.25%, due 5/1/2029<br>| &nbsp;&nbsp; 957087 |
|  | 600000 | &nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer System Revenue Refunding (Second <br> General Resolution Revenue Bonds), (LOC: State Street B&T Co.), Series 2010-DD3B, 2.60%, due <br> 6/15/2043<br>| &nbsp;&nbsp; 600000<br> <sup>(d)</sup><br>|
|  |  | New York General Obligation |  |
|  | 270000 | (LOC: U.S. Bank N.A.), Series 2008-L4, 2.60%, due 4/1/2038 | &nbsp;&nbsp; 270000<br> <sup>(d)</sup><br>|
|  | 300000 | Series 2012-2, 2.55%, due 4/1/2042 | &nbsp;&nbsp; 300000<br> <sup>(d)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; New York State Dormitory Authority Revenue (Financing Program), Series 2023-A, (AGM), (ST AID <br> WITHHLDG), 5.00%, due 10/1/2036<br>| &nbsp;&nbsp; 1072329 |
|  | 500000 | &nbsp;&nbsp; Onondaga Civic Development Corp. Revenue Refunding (Crouse Health Hospital, Inc.), Series 2024-A, <br> 5.13%, due 8/1/2044<br>| &nbsp;&nbsp; 436234 |
|  |  |  | &nbsp;&nbsp; **5686627** |
| **North Carolina 0.2%** | **North Carolina 0.2%** | **North Carolina 0.2%** | **North Carolina 0.2%** |
|  | 175000 | Scotland County Revenue, Series 2018, 5.00%, due 12/1/2026 | &nbsp;&nbsp; **179433** |
| **Ohio 1.4%** | **Ohio 1.4%** | **Ohio 1.4%** | **Ohio 1.4%** |
|  | 520000 | &nbsp;&nbsp; Akron Bath Copley Joint Township Hospital District (Summa Health Systems Obligation), Series 2020, <br> 4.00%, due 11/15/2036<br>| &nbsp;&nbsp; 493444 |
|  | 400000 | &nbsp;&nbsp; Cuyahoga Metropolitan Housing Authority Revenue, Series 2021, (2045 Initiative Project), (HUD), <br> 2.00%, due 12/1/2031<br>| &nbsp;&nbsp; 341571 |
|  | 250000 | &nbsp;&nbsp; Ohio State Air Quality Development Authority Exempt Facilities Revenue (AMG Vanadium LLC), <br> Series 2019, 5.00%, due 7/1/2049<br>| &nbsp;&nbsp; 225248<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1060263** |
| **Oklahoma 3.9%** | **Oklahoma 3.9%** | **Oklahoma 3.9%** | **Oklahoma 3.9%** |
|  | 770000 | &nbsp;&nbsp; Johnston County Educational Facility Authority Lease Revenue (Tishomingo Public School Project), <br> Series 2022, 4.00%, due 9/1/2030<br>| &nbsp;&nbsp; 778931 |
|  | 650000 | &nbsp;&nbsp; Lincoln County Education Facility Authority Education Facilities Lease Revenue (Stroud Public School <br> Project), Series 2016, 5.00%, due 9/1/2027<br>| &nbsp;&nbsp; 662215 |
|  | 395000 | &nbsp;&nbsp; Oklahoma County Finance Authority Revenue (Choctaw-Nicoma Park Public Schools Project), <br> Series 2023, 5.00%, due 9/1/2032<br>| &nbsp;&nbsp; 428567 |
|  | 1000000 | &nbsp;&nbsp; Oklahoma County Finance Authority Revenue (Midwest City-Del Public Schools Project), Series 2004, <br> (BAM), 5.00%, due 10/1/2044<br>| &nbsp;&nbsp; 1045763 |
|  |  |  | &nbsp;&nbsp; **2915476** |
| **Pennsylvania 5.7%** | **Pennsylvania 5.7%** | **Pennsylvania 5.7%** | **Pennsylvania 5.7%** |
|  | 200000 | &nbsp;&nbsp; General Authority of Southcentral Pennsylvania Revenue Refunding (Wellspan Health Obligated <br> Group), (LOC: U.S. Bank N.A.), Series 2019-E, 2.70%, due 6/1/2035<br>| &nbsp;&nbsp; 200000<br> <sup>(d)</sup><br>|
|  |  | Pennsylvania Housing Finance Agency Revenue |  |
|  | 395000 | Series 2025-148A, 3.30%, due 10/1/2030 | &nbsp;&nbsp; 384287 |
|  | 1065000 | Series 2025-148A, 3.45%, due 10/1/2031 | &nbsp;&nbsp; 1038735 |
|  | 1000000 | &nbsp;&nbsp; Pennsylvania State Housing Finance Agency Single Family Mortgage Revenue, Series 2018-127B, <br> 2.85%, due 4/1/2026<br>| &nbsp;&nbsp; 993793 |
|  | 1500000 | &nbsp;&nbsp; Redevelopment Authority of the City of Philadelphia Revenue Refunding, Series 2025-A, 5.00%, due <br> 4/15/2030<br>| &nbsp;&nbsp; 1614318 |
|  |  |  | &nbsp;&nbsp; **4231133** |
| **South Carolina 5.0%** | **South Carolina 5.0%** | **South Carolina 5.0%** | **South Carolina 5.0%** |
|  |  | Dillon County School Facility Corp. Certificate of Participation Refunding |  |
|  | 1175000 | Series 2020, 5.00%, due 12/1/2026 | &nbsp;&nbsp; 1204767 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **South Carolina – cont'd** | **South Carolina – cont'd** | **South Carolina – cont'd** | **South Carolina – cont'd** |
| $| 445000 | Series 2020, 5.00%, due 12/1/2027 | &nbsp;&nbsp; $462952 |
|  | 1000000 | Newberry Investing in Children's Education Revenue Refunding, Series 2025, 5.00%, due 12/1/2029 | &nbsp;&nbsp; 1064220 |
|  | 150000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (AMT-Green <br> Bond-Last Step Recycling LLC Project), Series 2021-A, 6.50%, due 6/1/2051<br>| &nbsp;&nbsp; 22500<br> <sup>(a)(b)</sup><br>|
|  | 175000 | &nbsp;&nbsp; South Carolina Jobs Economic Development Authority Solid Waste Disposal Revenue (Green <br> Bond-Jasper Pellets LLC Project), Series 2018-A, 7.00%, due 11/1/2038<br>| &nbsp;&nbsp; 14403<br> <sup>#(b)(e)(f)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; South Carolina State Housing Finance & Development Authority Revenue (573 Meeting Street <br> Project), Series 2024, (HUD), 3.00%, due 4/1/2043 Putable 4/1/2027<br>| &nbsp;&nbsp; 986702 |
|  |  |  | &nbsp;&nbsp; **3755544** |
| **Tennessee 0.3%** | **Tennessee 0.3%** | **Tennessee 0.3%** | **Tennessee 0.3%** |
|  | 235000 | &nbsp;&nbsp; Tennessee Housing Development Agency Residential Finance Program Revenue, Series 2019, 3.25%, <br> due 7/1/2032<br>| &nbsp;&nbsp; **223526** |
| **Texas 11.1%** | **Texas 11.1%** | **Texas 11.1%** | **Texas 11.1%** |
|  | 780000 | Anna Independent School District General Obligation, Series 2023, (PSF-GTD), 4.13%, due 2/15/2053 | &nbsp;&nbsp; 709737 |
|  | 1000000 | &nbsp;&nbsp; Dallas Independent School District General Obligation, Series 2025-C, (PSF-GTD), 5.00%, due <br> 2/15/2034<br>| &nbsp;&nbsp; 1121840 |
|  | 500000 | El Paso TX Water & Sewer Revenue Refunding, Series 2025, 5.00%, due 3/1/2032 | &nbsp;&nbsp; 549250 |
|  | 1000000 | &nbsp;&nbsp; EP Tuscany Zaragosa PFC Revenue (Home Essential Function Housing Program), Series 2023, 4.00%, <br> due 12/1/2033<br>| &nbsp;&nbsp; 977056 |
|  | 625000 | &nbsp;&nbsp; Hidalgo County Regional Mobility Authority Revenue Toll & Vehicle Registration Junior Lien Refunding, <br> Series 2022-B, 4.00%, due 12/1/2038<br>| &nbsp;&nbsp; 565772 |
|  | 450000 | &nbsp;&nbsp; Klein Independent School District Refunding General Obligation (School House), Series 2015-A, <br> (PSF-GTD), 4.00%, due 8/1/2029<br>| &nbsp;&nbsp; 450410 |
|  |  | Texas Water Development Board Revenue (Master Trust) |  |
|  | 795000 | Series 2020, 4.00%, due 10/15/2031 | &nbsp;&nbsp; 817183 |
|  | 1000000 | Series 2022, 5.00%, due 10/15/2047 | &nbsp;&nbsp; 1036204 |
|  | 1015000 | Weslaco General Obligation Refunding, Series 2017, (AGM), 5.00%, due 8/15/2027 | &nbsp;&nbsp; 1052446 |
|  | 1000000 | &nbsp;&nbsp; Ysleta Independent School District General Obligation (School Building), Series 2017-B, (PSF-GTD), <br> 5.00%, due 8/15/2041<br>| &nbsp;&nbsp; 1012885 |
|  |  |  | &nbsp;&nbsp; **8292783** |
| **Utah 0.6%** | **Utah 0.6%** | **Utah 0.6%** | **Utah 0.6%** |
|  | 410000 | Utah Infrastructure Agency Telecommunication Revenue, Series 2024, 5.25%, due 10/15/2039 | &nbsp;&nbsp; **429899** |
| **Washington 2.0%** | **Washington 2.0%** | **Washington 2.0%** | **Washington 2.0%** |
|  | 1000000 | Discovery Clean Water Alliance Sewer Revenue, Series 2022, 5.00%, due 12/1/2037 | &nbsp;&nbsp; 1070687 |
|  | 470251 | Washington State Housing Finance Commission, Series 2021-A-1, 3.50%, due 12/20/2035 | &nbsp;&nbsp; 432872 |
|  |  |  | &nbsp;&nbsp; **1503559** |
| **West Virginia 4.5%** | **West Virginia 4.5%** | **West Virginia 4.5%** | **West Virginia 4.5%** |
|  | 500000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue (Improvement West Virginia University Health <br> System Obligated Group), Series 2018-A, 5.00%, due 6/1/2052<br>| &nbsp;&nbsp; 493531 |
|  | 500000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue (Vandalia Health Group), Series 2023-B, 6.00%, <br> due 9/1/2053<br>| &nbsp;&nbsp; 536275 |
|  | 700000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue (West Virginia University Health Systems), <br> Series 2017-A, 5.00%, due 6/1/2035<br>| &nbsp;&nbsp; 711142 |
|  | 600000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue Refunding (Cabell Huntington Hospital Obligated <br> Group), Series 2018-A, 5.00%, due 1/1/2035<br>| &nbsp;&nbsp; 612786 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **West Virginia – cont'd** | **West Virginia – cont'd** | **West Virginia – cont'd** | **West Virginia – cont'd** |
| $| 990000 | &nbsp;&nbsp; West Virginia Water Development Authority Revenue Refunding (Loan Program), Series 2018-A-IV, <br> 5.00%, due 11/1/2036<br>| &nbsp;&nbsp; $1013551 |
|  |  |  | &nbsp;&nbsp; **3367285** |
| **Total Investments 99.1% (Cost $76,744,201)** | **Total Investments 99.1% (Cost $76,744,201)** | **Total Investments 99.1% (Cost $76,744,201)** | &nbsp;&nbsp; **73768698** |
| Other Assets Less Liabilities 0.9% | Other Assets Less Liabilities 0.9% | Other Assets Less Liabilities 0.9% | &nbsp;&nbsp; 682280 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$74450978** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $1,373,322, which represents 1.8% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable rate demand obligation where the stated interest rate is not based on a published
 reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined
 by the remarketing agent. The rate shown represents the rate in effect at April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Value determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Security fair valued as of April 30, 2025 in accordance with procedures approved by
 the valuation designee. Total value of all such securities at April 30, 2025 amounted to $14,403, which represents
 0.0% of net assets of the Fund.

# This security is subject to restrictions on resale. Total value of all such securities at April 30, 2025 amounted to $14,403, which represents 0.0% of net assets of the Fund. Acquisition dates shown with a range, if any, represent securities that were acquired over the period shown in the table.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Restricted Security** | **Acquisition** <br>**Date(s)**<br>| &nbsp;&nbsp;&nbsp; **Acquisition** <br>**Cost**<br>| &nbsp;&nbsp;&nbsp; **Value as of** <br>**4/30/2025**<br>| &nbsp;&nbsp;&nbsp; **Fair Value** <br>**Percentage** <br>**of Net Assets** <br>**as of** <br>**4/30/2025**<br>|
| South Carolina Jobs Economic Development Authority Solid <br> Waste Disposal Revenue (Green Bond-Jasper Pellets LLC <br> Project)<br>| 12/4/2018 | &nbsp;&nbsp;&nbsp;&nbsp; $171258 | &nbsp;&nbsp;&nbsp;&nbsp; $14403 | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|

---

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Municipal Notes |  |  |  |  |
| South Carolina | $— | $3741141 | $14403 | $3755544 |
| Other Municipal Notes<sup>#</sup> <br>|  | 70013154 |  | 70013154 |
| Total Municipal Notes |  | 73754295 | 14403 | 73768698 |
| **Total Investments** | **$—** | **$73754295** | **$14403** | **$73768698** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the state/territory categorization.

See Notes to Financial Statements

------

Schedule of Investments Municipal Impact Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following is a reconciliation between the beginning and ending balances of investments
 in which significant unobservable inputs (Level 3) were used in determining value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| (000's <br>omitted)<br>| Beginning <br>balance as <br>of 11/1/2024<br>| Accrued <br>discounts/ <br>(premiums)<br>| Realized <br>gain/(loss)<br>| Change <br>in unrealized <br>appreciation/ <br>(depreciation)<br>| Purchases | Sales/ <br>Other <br>Reductions<br>| Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance <br>as of <br>4/30/2025<br>| Net change in <br>unrealized <br>appreciation/ <br>(depreciation) <br>from <br>investments <br>still held as of <br>4/30/2025<br>|
| Investments in <br>Securities: <br>|  |  |  |  |  |  |  |  |  |  |
| Municipal <br> Notes<sup>(1)</sup><br>| $14 | $— | $— | $— | $— | $— | $— | $— | $14 | $— |
| Total | $14 | $— | $— | $— | $— | $— | $— | $— | $14 | $— |
| (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: | (1) Quantitative Information about Level 3 Fair Value Measurements: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Investment type | Fair value <br>at <br>4/30/2025<br>| Valuation <br>approach<br>| Significant unobservable <br>input(s)<br>| Input value/ <br>range<br>| Weighted <br>average<sup>(a)</sup><br>| Impact to <br>valuation <br>from <br>increase <br>in input<sup>(b)</sup><br>|
| Municipal Notes | $14403 | Market Approach | Recovery Value (of Par Value) | 8.2% | 8.2% | Increase |
| (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. | (a) The weighted averages disclosed in the table above were weighted by relative fair value. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Represents the expected directional change in the fair value of the Level 3 investments that <br> would result from an increase or decrease in the corresponding input. Significant changes in <br> these inputs could result in significantly higher or lower fair value measurements. |

---

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Municipal Notes 98.6%** | **Municipal Notes 98.6%** | **Municipal Notes 98.6%** |
| **Alabama 3.3%** | **Alabama 3.3%** | **Alabama 3.3%** |
| $330000 | &nbsp;&nbsp; Black Belt Energy Gas District (Alabama Gas Prepay Gas Supply Revenue Project No. 7), <br> Series 2021-C-1, 4.00%, due 10/1/2052 Putable 12/1/2026<br>| &nbsp;&nbsp; $329402 |
|  | Black Belt Energy Gas District Revenue |  |
| 1135000 | Series 2024-B, 5.00%, due 10/1/2055 Putable 9/1/2032 | &nbsp;&nbsp; 1180312 |
| 2000000 | Series 2024-D, 5.00%, due 3/1/2055 Putable 11/1/2034 | &nbsp;&nbsp; 2107100 |
| 1380000 | &nbsp;&nbsp; Energy Southeast A Cooperative District Revenue, Series 2024-B, 5.25%, due 7/1/2054 Putable <br> 6/1/2032<br>| &nbsp;&nbsp; 1464075 |
| 1000000 | &nbsp;&nbsp; Southeast Alabama Gas Supply District Revenue Refunding, Series 2024, 5.00%, due 6/1/2049 <br> Putable 5/1/2032<br>| &nbsp;&nbsp; 1045574 |
|  |  | &nbsp;&nbsp; **6126463** |
| **Arizona 0.3%** | **Arizona 0.3%** | **Arizona 0.3%** |
| 15000 | &nbsp;&nbsp; Maricopa County Industrial Development Authority Revenue Refunding (Banner Health Obligated <br> Group), Series 2016-A, 5.00%, due 1/1/2029<br>| &nbsp;&nbsp; 15933 |
| 500000 | &nbsp;&nbsp; Sierra Vista Industrial Development Authority Revenue (American Leadership Academy Project), <br> Series 2024, 5.00%, due 6/15/2059<br>| &nbsp;&nbsp; 458271<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **474204** |
| **Arkansas 0.7%** | **Arkansas 0.7%** | **Arkansas 0.7%** |
| 755000 | Mountain Home Arkansas Sales & Use Tax Revenue, Series 2021-B, 2.00%, due 9/1/2038 | &nbsp;&nbsp; 531745 |
| 800000 | Searcy City Sales & Use Tax Revenue, Series 2024, 5.00%, due 11/1/2029 | &nbsp;&nbsp; 850239 |
|  |  | &nbsp;&nbsp; **1381984** |
| **California 3.3%** | **California 3.3%** | **California 3.3%** |
| 1000000 | &nbsp;&nbsp; California Community Choice Financing Authority Revenue (Clean Energy), Series 2024-B, 5.00%, <br> due 1/1/2055 Putable 12/1/2032<br>| &nbsp;&nbsp; 1031320 |
| 1386534 | California Housing Finance Agency Municipal Certificate, Series 2019-2, 4.00%, due 3/20/2033 | &nbsp;&nbsp; 1368220 |
| 300000 | &nbsp;&nbsp; California Municipal Finance Authority Revenue (Northbay Healthcare Group), Series 2017-A, <br> 5.25%, due 11/1/2036<br>| &nbsp;&nbsp; 300843 |
| 25000 | &nbsp;&nbsp; California Statewide Communities Development Authority Revenue (Kaiser Permanente), <br> Series 2004-MR, 5.00%, due 4/1/2038 Putable 11/1/2029<br>| &nbsp;&nbsp; 26777 |
| 525000 | &nbsp;&nbsp; Contra Costa County Redevelopment Agency Successor Agency Tax Allocation Refunding, <br> Series 2017-A, (BAM), 5.00%, due 8/1/2032<br>| &nbsp;&nbsp; 543206 |
|  | Fresno Joint Power Financing Authority Lease Revenue Refunding (Master Lease Project) |  |
| 115000 | Series 2017-A, (AGM), 5.00%, due 4/1/2027 | &nbsp;&nbsp; 119495 |
| 280000 | Series 2017-A, (AGM), 5.00%, due 4/1/2032 | &nbsp;&nbsp; 287713 |
| 2400000 | &nbsp;&nbsp; Nuveen California AMT-Free Quality Municipal Income Fund Revenue, Series 2017-A, 4.07%, due <br> 10/1/2047<br>| &nbsp;&nbsp; 2400000<br> <sup>(a)(b)</sup><br>|
| 50000 | &nbsp;&nbsp; San Francisco City & County Redevelopment Agency Successor Agency Refunding (Community <br> Facilities District No. 6), Series 2023, (AGM), 5.25%, due 8/1/2042<br>| &nbsp;&nbsp; 53444 |
|  |  | &nbsp;&nbsp; **6131018** |
| **Colorado 2.0%** | **Colorado 2.0%** | **Colorado 2.0%** |
| 900000 | &nbsp;&nbsp; Colorado Health Facilities Authority Revenue Refunding (Children's Hospital), (LOC: TD Bank N.A.), <br> Series 2020-A, 2.45%, due 12/1/2052<br>| &nbsp;&nbsp; 900000<br> <sup>(b)</sup><br>|
| 130000 | &nbsp;&nbsp; Colorado State Certificate of Participation (Health Sciences Facilities), Series 2024-A, 5.00%, due <br> 11/1/2053<br>| &nbsp;&nbsp; 134294 |
| 945000 | &nbsp;&nbsp; Colorado State Educational & Cultural Facility Authority Revenue Refunding (Alexander Dawson <br> School Project), Series 2016, 5.00%, due 5/15/2025<br>| &nbsp;&nbsp; 945317 |
| 810000 | &nbsp;&nbsp; Denver City & County School District No. 1 General Obligation, Series 2025-A, (ST AID WITHHLDG), <br> 5.25%, due 12/1/2041<br>| &nbsp;&nbsp; 893183 |
| 340000 | &nbsp;&nbsp; Denver Health & Hospital Authority Healthcare Revenue Refunding, Series 2019-A, 4.00%, due <br> 12/1/2037<br>| &nbsp;&nbsp; 316891 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Colorado – cont'd** | **Colorado – cont'd** | **Colorado – cont'd** | **Colorado – cont'd** |
| $| 450000 | Westminster Public Schools Certificate of Participation, Series 2019, (AGM), 5.00%, due 12/1/2030 | &nbsp;&nbsp; $470161 |
|  |  |  | &nbsp;&nbsp; **3659846** |
| **Connecticut 1.6%** | **Connecticut 1.6%** | **Connecticut 1.6%** | **Connecticut 1.6%** |
|  | 705000 | Bridgeport Refunding General Obligation, Series 2024-A, (BAM), 5.00%, due 7/1/2031 | &nbsp;&nbsp; 769054 |
|  | 1395000 | Connecticut State Special Tax Revenue, Series 2024-A-2, 5.00%, due 7/1/2038 | &nbsp;&nbsp; 1529289 |
|  | 600000 | Connecticut State Special Tax Revenue Refunding, Series 2024-B, 5.00%, due 7/1/2029 | &nbsp;&nbsp; 644055 |
|  | 30000 | Meriden City General Obligation, Series 2020-B, 3.00%, due 7/1/2031 | &nbsp;&nbsp; 28811 |
|  |  |  | &nbsp;&nbsp; **2971209** |
| **Delaware 1.7%** | **Delaware 1.7%** | **Delaware 1.7%** | **Delaware 1.7%** |
|  | 3000000 | Delaware State General Obligation, Series 2023-A, 5.00%, due 5/1/2028 | &nbsp;&nbsp; **3180966** |
| **District of Columbia 1.5%** | **District of Columbia 1.5%** | **District of Columbia 1.5%** | **District of Columbia 1.5%** |
|  | 1850000 | District of Columbia General Obligation, Series 2019-A, 5.00%, due 10/15/2036 | &nbsp;&nbsp; 1926970 |
|  | 785000 | Washington Convention & Sports Authority Revenue, Series 2021-A, 5.00%, due 10/1/2027 | &nbsp;&nbsp; 824055 |
|  |  |  | &nbsp;&nbsp; **2751025** |
| **Florida 3.0%** | **Florida 3.0%** | **Florida 3.0%** | **Florida 3.0%** |
|  | 700000 | Cape Coral Special Obligation Revenue Refunding, Series 2015, 4.00%, due 10/1/2030 | &nbsp;&nbsp; 702008 |
|  | 175000 | &nbsp;&nbsp; City Of South Miami Health Facilities Authority, Inc. Revenue Refunding (Baptist Health South Florida <br> Obligated Group), Series 2017, 5.00%, due 8/15/2029<br>| &nbsp;&nbsp; 180490 |
|  | 270000 | &nbsp;&nbsp; Cityplace Community Development District Special Assessment Revenue Refunding, Series 2012, <br> 5.00%, due 5/1/2026<br>| &nbsp;&nbsp; 271635 |
|  |  | Florida Development Finance Corp. Revenue (Tampa General Hospital Project) |  |
|  | 75000 | Series 2024-A, 5.00%, due 8/1/2028 | &nbsp;&nbsp; 78603 |
|  | 10000 | Series 2024-A, 5.00%, due 8/1/2029 | &nbsp;&nbsp; 10584 |
|  | 200000 | &nbsp;&nbsp; JEA Water & Sewer System Revenue Refunding, (LOC: U.S. Bank N.A.), Series 2008-A-1, 2.70%, due <br> 10/1/2038<br>| &nbsp;&nbsp; 200000<br> <sup>(b)</sup><br>|
|  | 2000000 | Miami-Dade County General Obligation Refunding, Series 2015-B, 4.00%, due 7/1/2032 | &nbsp;&nbsp; 1998606 |
|  |  | &nbsp;&nbsp; Palm Beach County Health Facilities Authority Revenue (Baptist Health South Florida Obligated <br> Group)<br>|  |
|  | 40000 | Series 2019, 5.00%, due 8/15/2031 | &nbsp;&nbsp; 42014 |
|  | 50000 | Series 2019, 5.00%, due 8/15/2034 | &nbsp;&nbsp; 52024 |
|  | 10000 | Series 2019, 5.00%, due 8/15/2036 | &nbsp;&nbsp; 10347 |
|  | 390000 | &nbsp;&nbsp; Village Community Development District No. 13 Special Assessment Revenue, Series 2019, 3.00%, <br> due 5/1/2029<br>| &nbsp;&nbsp; 372671 |
|  | 500000 | &nbsp;&nbsp; Village Community Development District No. 15 Special Assessment Revenue, Series 2024, 4.80%, <br> due 5/1/2055<br>| &nbsp;&nbsp; 472887<br> <sup>(a)</sup><br>|
|  |  | Wildwood Utility Dependent District Revenue (Senior-South Sumter Utilities Project) |  |
|  | 350000 | Series 2021, (BAM), 5.00%, due 10/1/2034 | &nbsp;&nbsp; 375018 |
|  | 300000 | Series 2021, (BAM), 5.00%, due 10/1/2035 | &nbsp;&nbsp; 320332 |
|  | 250000 | Series 2021, (BAM), 5.00%, due 10/1/2036 | &nbsp;&nbsp; 265866 |
|  | 300000 | Series 2021, (BAM), 5.00%, due 10/1/2037 | &nbsp;&nbsp; 317756 |
|  |  |  | &nbsp;&nbsp; **5670841** |
| **Georgia 4.3%** | **Georgia 4.3%** | **Georgia 4.3%** | **Georgia 4.3%** |
|  | 5000000 | &nbsp;&nbsp; Main Street Natural Gas, Inc. Gas Supply Revenue, Series 2024-B, 5.00%, due 12/1/2054 Putable <br> 3/1/2032<br>| &nbsp;&nbsp; 5248249 |
|  | 2500000 | &nbsp;&nbsp; Monroe County Development Authority PCR Revenue (Georgia Power Co. Plant-Scherer Project), <br> Series 2009, 1.00%, due 7/1/2049 Putable 8/21/2026<br>| &nbsp;&nbsp; 2376482 |
|  |  | Municipal Electric Authority of Georgia (Plant Vogtle Units 3 & 4 Project M Bonds) |  |
|  | 345000 | Series 2019-A, 5.00%, due 1/1/2032 | &nbsp;&nbsp; 360876 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Georgia – cont'd** | **Georgia – cont'd** | **Georgia – cont'd** | **Georgia – cont'd** |
| $| 100000 | Series 2019-A, 5.00%, due 1/1/2033 | &nbsp;&nbsp; $104389 |
|  |  |  | &nbsp;&nbsp; **8089996** |
| **Idaho 0.3%** | **Idaho 0.3%** | **Idaho 0.3%** | **Idaho 0.3%** |
|  | 500000 | &nbsp;&nbsp; Idaho Health Facilities Authority Revenue Refunding (St. Lukes Health System), (LOC: U.S. Bank <br> N.A.), Series 2018-C, 2.70%, due 3/1/2048<br>| &nbsp;&nbsp; **500000**<br> <sup>(b)</sup><br>|
| **Illinois 12.6%** | **Illinois 12.6%** | **Illinois 12.6%** | **Illinois 12.6%** |
|  | 170000 | &nbsp;&nbsp; Bureau County Township High School District No. 502 General Obligation, Series 2017-A, (BAM), <br> 5.00%, due 12/1/2033 Pre-Refunded 12/1/2027<br>| &nbsp;&nbsp; 178138 |
|  | 200000 | Chicago Refunding General Obligation, Series 2020-A, 5.00%, due 1/1/2026 | &nbsp;&nbsp; 201333 |
|  |  | Cook County Sales Tax Revenue Refunding |  |
|  | 4340000 | Series 2021-A, 5.00%, due 11/15/2031 | &nbsp;&nbsp; 4670491 |
|  | 1415000 | Series 2021-A, 5.00%, due 11/15/2032 | &nbsp;&nbsp; 1517373 |
|  | 735000 | &nbsp;&nbsp; Illinois Finance Authority Revenue (Government Program-Brookfield Lagrange Park School District <br> No. 95 Project), Series 2018, 4.00%, due 12/1/2038<br>| &nbsp;&nbsp; 729846 |
|  |  | Illinois Finance Authority Revenue (Government Program-E Prairie School District No. 73 Project) |  |
|  | 965000 | Series 2018, (BAM), 5.00%, due 12/1/2029 | &nbsp;&nbsp; 1007221 |
|  | 20000 | Series 2018, (BAM), 4.00%, due 12/1/2042 | &nbsp;&nbsp; 19021 |
|  | 35000 | &nbsp;&nbsp; Illinois Finance Authority Revenue Refunding (Carle Foundation), Series 2021-A, 5.00%, due <br> 8/15/2033<br>| &nbsp;&nbsp; 37315 |
|  |  | &nbsp;&nbsp; Illinois State Finance Authority Revenue (Downers Grove Community High School District No. 99 <br> Project)<br>|  |
|  | 1000000 | Series 2019, 4.00%, due 12/15/2030 | &nbsp;&nbsp; 1008417 |
|  | 900000 | Series 2019, 4.00%, due 12/15/2031 | &nbsp;&nbsp; 901174 |
|  |  | Illinois State General Obligation |  |
|  | 3580000 | Series 2017-D, 5.00%, due 11/1/2027 | &nbsp;&nbsp; 3703218 |
|  | 2185000 | Series 2017-D, 5.00%, due 11/1/2028 | &nbsp;&nbsp; 2255303 |
|  | 1800000 | Series 2020, 5.75%, due 5/1/2045 | &nbsp;&nbsp; 1878321 |
|  |  | Peoria School District No. 150 General Obligation Refunding |  |
|  | 395000 | Series 2020-A, (AGM), 4.00%, due 12/1/2026 | &nbsp;&nbsp; 400118 |
|  | 1785000 | Series 2020-A, (AGM), 4.00%, due 12/1/2027 | &nbsp;&nbsp; 1804983 |
|  | 975000 | Series 2020-A, (AGM), 4.00%, due 12/1/2028 | &nbsp;&nbsp; 983971 |
|  | 585000 | Sales Tax Securitization Corp. Revenue Refunding, Series 2017-A, 5.00%, due 1/1/2028 | &nbsp;&nbsp; 607761 |
|  | 530000 | Sales Tax Securitization Corp. Revenue Refunding Second Lien, Series 2020-A, 5.00%, due 1/1/2026 | &nbsp;&nbsp; 535685 |
|  | 1060000 | &nbsp;&nbsp; Sales Tax Securitization Corp. Senior Lien Revenue Refunding (Social Bonds), Series 2023-A, 4.00%, <br> due 1/1/2042<br>| &nbsp;&nbsp; 1016050 |
|  |  |  | &nbsp;&nbsp; **23455739** |
| **Indiana 1.7%** | **Indiana 1.7%** | **Indiana 1.7%** | **Indiana 1.7%** |
|  | 890000 | Fairfield School Building Corp. Revenue, Series 2021, (ST INTERCEPT), 3.00%, due 7/15/2028 | &nbsp;&nbsp; 865957 |
|  | 500000 | &nbsp;&nbsp; Indiana State Finance Authority Revenue Refunding (Greencroft Obligation Group), Series 2021-A, <br> 4.00%, due 11/15/2043<br>| &nbsp;&nbsp; 420367 |
|  | 295000 | &nbsp;&nbsp; Indiana State Housing & Community Development Authority Single Family Mortgage Revenue, <br> Series 2020-B-1, (GNMA), 1.60%, due 1/1/2031<br>| &nbsp;&nbsp; 252006 |
|  | 515000 | Indiana State Municipal Power Agency Revenue Refunding , Series 2016-C, 5.00%, due 1/1/2027 | &nbsp;&nbsp; 525559 |
|  | 1000000 | &nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank Revenue (Convention Center Hotel), <br> Series 2023-E, 6.00%, due 3/1/2053<br>| &nbsp;&nbsp; 1044521 |
|  |  |  | &nbsp;&nbsp; **3108410** |
| **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** | **Iowa 0.9%** |
|  | 1050000 | &nbsp;&nbsp; Iowa Higher Education Loan Authority Revenue (Private College Des Moines University Project), <br> Series 2020, 5.00%, due 10/1/2027<br>| &nbsp;&nbsp; 1085196 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Iowa – cont'd** | **Iowa – cont'd** | **Iowa – cont'd** |
| 640000 | &nbsp;&nbsp; Iowa State Finance Authority Single Family Mortgage Revenue (Non Ace-Mortgage-Backed Security <br> Program), Series 2017-C, (FHLMC), (FNMA), (GNMA), 2.30%, due 1/1/2026<br>| &nbsp;&nbsp; $630512 |
|  |  | &nbsp;&nbsp; **1715708** |
| **Kansas 0.8%** | **Kansas 0.8%** | **Kansas 0.8%** |
|  | Wichita Sales Tax Special Obligation Revenue (River District Stadium Star Bond Project) |  |
| 305000 | Series 2018, 5.00%, due 9/1/2025 | &nbsp;&nbsp; 306490 |
| 1085000 | Series 2018, 5.00%, due 9/1/2027 | &nbsp;&nbsp; 1130526 |
|  |  | &nbsp;&nbsp; **1437016** |
| **Kentucky 1.2%** | **Kentucky 1.2%** | **Kentucky 1.2%** |
| 1250000 | Kentucky Public Energy Authority Revenue, Series 2024-A, 5.00%, due 5/1/2055 Putable 7/1/2030 | &nbsp;&nbsp; 1298146 |
|  | Kentucky State Property & Building Commission Revenue (Project No.128) |  |
| 785000 | Series 2023-A, 5.00%, due 11/1/2035 | &nbsp;&nbsp; 866951 |
| 120000 | Series 2023-A, 5.50%, due 11/1/2043 | &nbsp;&nbsp; 129301 |
|  |  | &nbsp;&nbsp; **2294398** |
| **Louisiana 0.4%** | **Louisiana 0.4%** | **Louisiana 0.4%** |
| 50000 | Louisiana Stadium & Exposition District Revenue Refunding, Series 2023-A, 5.00%, due 7/1/2037 | &nbsp;&nbsp; 53547 |
| 750000 | &nbsp;&nbsp; Saint John the Baptist Parish LA Revenue Refunding (Marathon Oil Corp. Project), Subseries <br> 2017-B-2, 2.38%, due 6/1/2037 Putable 7/1/2026<br>| &nbsp;&nbsp; 737365 |
|  |  | &nbsp;&nbsp; **790912** |
| **Maryland 1.8%** | **Maryland 1.8%** | **Maryland 1.8%** |
| 1825000 | &nbsp;&nbsp; Maryland State Housing & Community Development Administration Department Revenue <br> Refunding, Series 2020-D, 1.95%, due 9/1/2035<br>| &nbsp;&nbsp; 1411931 |
| 1840000 | Montgomery County General Obligation, Series 2019-A, 5.00%, due 11/1/2029 | &nbsp;&nbsp; 1996486 |
|  |  | &nbsp;&nbsp; **3408417** |
| **Massachusetts 3.2%** | **Massachusetts 3.2%** | **Massachusetts 3.2%** |
| 2180000 | Commonwealth of Massachusetts General Obligation, Series 2024-A, 5.00%, due 1/1/2035 | &nbsp;&nbsp; 2452962 |
| 1450000 | &nbsp;&nbsp; Commonwealth of Massachusetts Transportation Fund Revenue (Rail Enhancement Program), <br> Series 2022-B, 5.00%, due 6/1/2052<br>| &nbsp;&nbsp; 1482105 |
| 1970000 | &nbsp;&nbsp; Massachusetts Bay Transportation Authority Sales Tax Revenue, Series 2023-A-1, 5.00%, due <br> 7/1/2040<br>| &nbsp;&nbsp; 2119735 |
|  |  | &nbsp;&nbsp; **6054802** |
| **Michigan 1.2%** | **Michigan 1.2%** | **Michigan 1.2%** |
| 730000 | Michigan State Housing Development Authority Revenue, Series 2016-B, 2.30%, due 6/1/2025 | &nbsp;&nbsp; 728513 |
|  | Walled Lake Consolidated School District |  |
| 690000 | Series 2020, (Q-SBLF), 5.00%, due 5/1/2032 | &nbsp;&nbsp; 743237 |
| 675000 | Series 2020, (Q-SBLF), 5.00%, due 5/1/2033 | &nbsp;&nbsp; 723998 |
|  |  | &nbsp;&nbsp; **2195748** |
| **Minnesota 1.1%** | **Minnesota 1.1%** | **Minnesota 1.1%** |
| 1500000 | Minnesota State General Obligation Refunding, Series 2023-D, 5.00%, due 8/1/2031 | &nbsp;&nbsp; 1667169 |
| 400000 | &nbsp;&nbsp; Saint Paul Housing & Redevelopment Authority Health Care Revenue Refunding (Fairview Health <br> Services Obligated Group), Series 2017-A, 4.00%, due 11/15/2043<br>| &nbsp;&nbsp; 340886 |
|  |  | &nbsp;&nbsp; **2008055** |
| **Mississippi 0.2%** | **Mississippi 0.2%** | **Mississippi 0.2%** |
| 325000 | Mississippi State General Obligation Refunding, Series 2015-C, 5.00%, due 10/1/2026 | &nbsp;&nbsp; **327605** |
| **Missouri 0.6%** | **Missouri 0.6%** | **Missouri 0.6%** |
| 900000 | &nbsp;&nbsp; Missouri State Health & Educational Facilities Authority Revenue (Mercy Health), Series 2023, 5.50%, <br> due 12/1/2040<br>| &nbsp;&nbsp; 982130 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Missouri – cont'd** | **Missouri – cont'd** | **Missouri – cont'd** | **Missouri – cont'd** |
|  |  | &nbsp;&nbsp; Missouri State Housing Development Commission Single Family Mortgage Revenue (Non-AMT <br> Special Homeownership Loan Program)<br>|  |
| $| 140000 | Series 2014-A, (FHLMC), (FNMA), (GNMA), 3.80%, due 11/1/2034 | &nbsp;&nbsp; $135713 |
|  | 85000 | Series 2014-A, (FHLMC), (FNMA), (GNMA), 4.00%, due 11/1/2039 | &nbsp;&nbsp; 81624 |
|  |  |  | &nbsp;&nbsp; **1199467** |
| **Nebraska 1.4%** | **Nebraska 1.4%** | **Nebraska 1.4%** | **Nebraska 1.4%** |
|  | 2520000 | &nbsp;&nbsp; Central Plains Energy Project Revenue Refunding, Series 2023-A, 5.00%, due 5/1/2054 Putable <br> 11/1/2029<br>| &nbsp;&nbsp; **2611477** |
| **New Jersey 4.2%** | **New Jersey 4.2%** | **New Jersey 4.2%** | **New Jersey 4.2%** |
|  | 1500000 | &nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority Contract Revenue Refunding (Hospital Asset <br> Transportation Program), Series 2017, 5.00%, due 10/1/2028<br>| &nbsp;&nbsp; 1564792 |
|  | 1130000 | &nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority Revenue (Inspira Health Obligated Group), <br> Series 2017-A, 5.00%, due 7/1/2029<br>| &nbsp;&nbsp; 1162161 |
|  | 600000 | New Jersey State Transportation Trust Fund Authority, Series 2019-BB, 5.00%, due 6/15/2029 | &nbsp;&nbsp; 630573 |
|  | 1270000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Transportation Program Revenue, <br> Series 2024-CC, 5.00%, due 6/15/2031<br>| &nbsp;&nbsp; 1375549 |
|  | 1850000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Transportation Program Revenue Refunding, <br> Series 2024-AA, 5.25%, due 6/15/2041<br>| &nbsp;&nbsp; 1982638 |
|  | 290000 | &nbsp;&nbsp; New Jersey State Transportation Trust Fund Authority Transportation System Revenue Refunding, <br> Series 2019-A, 5.00%, due 12/15/2028<br>| &nbsp;&nbsp; 306130 |
|  | 750000 | Newark General Obligation, Series 2020-A, (AGM), (ST AID WITHHLDG), 5.00%, due 10/1/2027 | &nbsp;&nbsp; 781266 |
|  |  |  | &nbsp;&nbsp; **7803109** |
| **New York 15.7%** | **New York 15.7%** | **New York 15.7%** | **New York 15.7%** |
|  | 140000 | &nbsp;&nbsp; Albany Capital Resource Corp. Revenue Refunding (Albany College of Pharmacy & Health Sciences), <br> Series 2014-A, 5.00%, due 12/1/2026<br>| &nbsp;&nbsp; 140087 |
|  | 410000 | &nbsp;&nbsp; Broome County Local Development Corp. Revenue (Good Shepherd Village at Endwell, Inc. Project), <br> Series 2021, 4.00%, due 7/1/2047<br>| &nbsp;&nbsp; 331111 |
|  | 200000 | &nbsp;&nbsp; Deutsche Bank Spears/Lifers Trust Revenue, (LOC: Deutsche Bank A.G.), Series 2023-DB-8201, <br> 2.65%, due 11/15/2046<br>| &nbsp;&nbsp; 200000<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp; Dutchess County Local Development Corp. Revenue Refunding (Culinary Institute of America <br> Project), Series 2021, 4.00%, due 7/1/2036<br>| &nbsp;&nbsp; 96749 |
|  | 635000 | Empire State Development Corp. Revenue, Series 2024-A, 5.00%, due 3/15/2038 | &nbsp;&nbsp; 698590 |
|  | 115000 | &nbsp;&nbsp; Metropolitan Transportation Authority Dedicated Tax Fund Revenue Refunding, (LOC: TD Bank N.A.), <br> Series 2008-A-2A, 2.50%, due 11/1/2026<br>| &nbsp;&nbsp; 115000<br> <sup>(b)</sup><br>|
|  | 825000 | &nbsp;&nbsp; Monroe County General Obligation (Public Improvement), Series 2019-A, (BAM), 4.00%, due <br> 6/1/2028<br>| &nbsp;&nbsp; 830497 |
|  | 850000 | &nbsp;&nbsp; Nassau County Industrial Development Agency Revenue Refunding (Cold Spring), (LOC: TD Bank <br> N.A.), Series 1999, 2.45%, due 1/1/2034<br>| &nbsp;&nbsp; 850000<br> <sup>(b)</sup><br>|
|  | 500000 | &nbsp;&nbsp; New Paltz Central School District General Obligation, Series 2019, (ST AID WITHHLDG), 4.00%, due <br> 2/15/2029<br>| &nbsp;&nbsp; 505762 |
|  | 2475000 | &nbsp;&nbsp; New York City Housing Development Corp. Revenue, Series 2020-C, (FNMA), (HUD), 2.15%, due <br> 8/1/2035<br>| &nbsp;&nbsp; 1975580 |
|  | 1000000 | &nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer System Revenue Refunding <br> (Second General Resolution Revenue Bonds), Series 2023-DD, 5.25%, due 6/15/2047<br>| &nbsp;&nbsp; 1054961 |
|  |  | New York City Transitional Finance Authority Revenue (Future Tax Secured) |  |
|  | 100000 | Series 2015-C, 5.00%, due 11/1/2027 Pre-Refunded 5/1/2025 | &nbsp;&nbsp; 100000 |
|  | 3730000 | Series 2016-A-1, 5.00%, due 5/1/2040 | &nbsp;&nbsp; 3752674 |
|  | 800000 | Series 2024-C, 5.00%, due 5/1/2041 | &nbsp;&nbsp; 858017 |
|  | 1525000 | Series 2024-C, 5.00%, due 5/1/2045 | &nbsp;&nbsp; 1595768 |
|  | 500000 | Series 2025-E, 5.00%, due 11/1/2036 | &nbsp;&nbsp; 553203 |
|  | 1830000 | Subseries 2016-A-1, 4.00%, due 5/1/2031 | &nbsp;&nbsp; 1835444 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **New York – cont'd** | **New York – cont'd** | **New York – cont'd** | **New York – cont'd** |
| $| 345000 | &nbsp;&nbsp; New York City Transitional Finance Authority Revenue Refunding (Future Tax Secured), <br> Series 2025-F-1, 5.00%, due 11/1/2038<br>| &nbsp;&nbsp; $378210 |
|  |  | New York City Trust for Cultural Resource Revenue Refunding (Carnegie Hall) |  |
|  | 160000 | Series 2019, 5.00%, due 12/1/2037 | &nbsp;&nbsp; 167033 |
|  | 765000 | Series 2019, 5.00%, due 12/1/2038 | &nbsp;&nbsp; 795617 |
|  | 370000 | Series 2019, 5.00%, due 12/1/2039 | &nbsp;&nbsp; 383316 |
|  |  | New York General Obligation |  |
|  | 1100000 | (LOC: Barclays Bank PLC), Series 2017-B-5, 2.55%, due 10/1/2046 | &nbsp;&nbsp; 1100000<br> <sup>(b)</sup><br>|
|  | 90000 | Series 2018 E-1, 5.00%, due 3/1/2031 | &nbsp;&nbsp; 93902 |
|  | 1300000 | Series 2019-B3, 2.50%, due 10/1/2046 | &nbsp;&nbsp; 1300000<br> <sup>(b)</sup><br>|
|  | 1900000 | Series 2024-C1, 5.00%, due 9/1/2047 | &nbsp;&nbsp; 1969588 |
|  | 250000 | Subseries 2018-F-1, 5.00%, due 4/1/2034 | &nbsp;&nbsp; 259505 |
|  |  | &nbsp;&nbsp; New York Liberty Development Corp. Revenue Refunding Green Bonds (4 World Trade Center <br> Project)<br>|  |
|  | 150000 | Series 2021-A, 2.50%, due 11/15/2036 | &nbsp;&nbsp; 120105 |
|  | 1600000 | Series 2021-A, 2.75%, due 11/15/2041 | &nbsp;&nbsp; 1187296 |
|  | 1275000 | New York State Dormitory Authority Revenue Refunding, Series 2024-A, 5.00%, due 3/15/2035 | &nbsp;&nbsp; 1415423 |
|  | 1000000 | &nbsp;&nbsp; New York State Transportation Development Corp. Special Facility Revenue Refunding (JFK <br> International Airport Terminal 4 Project), Series 2020-C, 5.00%, due 12/1/2038<br>| &nbsp;&nbsp; 1033068 |
|  | 300000 | Oneida Indian Nation of New York Revenue, Series 2024-B, 6.00%, due 9/1/2043 | &nbsp;&nbsp; 317815<br> <sup>(a)</sup><br>|
|  | 320000 | Onondaga Civic Development Corp. (Le Moyne Collage Project), Series 2021, 5.00%, due 7/1/2034 | &nbsp;&nbsp; 328864 |
|  |  | Onondaga Civic Development Corp. Refunding (Le Moyne Collage Project) |  |
|  | 300000 | Series 2022, 4.00%, due 7/1/2034 | &nbsp;&nbsp; 289262 |
|  | 150000 | Series 2022, 4.00%, due 7/1/2036 | &nbsp;&nbsp; 140944 |
|  | 350000 | Series 2022, 4.00%, due 7/1/2039 | &nbsp;&nbsp; 316374 |
|  | 350000 | Series 2022, 4.00%, due 7/1/2042 | &nbsp;&nbsp; 302599 |
|  | 250000 | Triborough Bridge & Tunnel Authority Revenue, Series 2025-A, 5.50%, due 12/1/2059 | &nbsp;&nbsp; 265121 |
|  | 800000 | &nbsp;&nbsp; Triborough Bridge & Tunnel Authority Revenue Refunding, (LOC: U.S. Bank N.A.), Series 2005-B-4C, <br> 2.60%, due 1/1/2031<br>| &nbsp;&nbsp; 800000<br> <sup>(b)</sup><br>|
|  | 500000 | &nbsp;&nbsp; Westchester County Local Development Corp. Revenue Refunding (Kendal on Hudson Project), <br> Series 2022-B, 5.00%, due 1/1/2041<br>| &nbsp;&nbsp; 507634 |
|  | 450000 | &nbsp;&nbsp; Yonkers Economic Development Corp. Education Revenue (Charter School of Education Excellence <br> Project), Series 2019-A, 5.00%, due 10/15/2049<br>| &nbsp;&nbsp; 421795 |
|  |  |  | &nbsp;&nbsp; **29386914** |
| **North Carolina 1.1%** | **North Carolina 1.1%** | **North Carolina 1.1%** | **North Carolina 1.1%** |
|  | 400000 | &nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Revenue (Atrium Health), (LOC: JP Morgan Chase Bank <br> N.A.), Series 2018-G, 2.35%, due 1/15/2048<br>| &nbsp;&nbsp; 400000<br> <sup>(b)</sup><br>|
|  | 500000 | &nbsp;&nbsp; Charlotte-Mecklenburg Hospital Authority Revenue Refunding (Atrium Health), (LOC: Royal Bank of <br> Canada), Series 2021-E, 2.40%, due 1/15/2042<br>| &nbsp;&nbsp; 500000<br> <sup>(b)</sup><br>|
|  | 1000000 | Mecklenburg County Obligation Refunding, Series 2025-A, 5.00%, due 2/1/2037 | &nbsp;&nbsp; 1125743 |
|  |  |  | &nbsp;&nbsp; **2025743** |
| **Ohio 1.0%** | **Ohio 1.0%** | **Ohio 1.0%** | **Ohio 1.0%** |
|  |  | Allen County Hospital Facilities Revenue Refunding (Bon Secours Mercy Health) |  |
|  | 5000 | Series 2017-A, 5.00%, due 8/1/2027 | &nbsp;&nbsp; 5197 |
|  | 10000 | Series 2017-A, 5.00%, due 8/1/2029 | &nbsp;&nbsp; 10376 |
|  | 10000 | Series 2020-A, 5.00%, due 12/1/2027 | &nbsp;&nbsp; 10449 |
|  | 1000000 | &nbsp;&nbsp; Buckeye Tobacco Settlement Finance Authority Asset-Backed Senior Revenue Refunding, <br> Series 2020-B-2, 5.00%, due 6/1/2055<br>| &nbsp;&nbsp; 872571 |
|  | 1000000 | &nbsp;&nbsp; Ohio State Air Quality Development Authority Revenue (American Electric Power Co. Project), <br> Series 2014-A, 2.40%, due 12/1/2038 Putable 10/1/2029<br>| &nbsp;&nbsp; 924607 |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount | Principal Amount | Principal Amount | Value |
| **Ohio – cont'd** | **Ohio – cont'd** | **Ohio – cont'd** | **Ohio – cont'd** |
|  |  | Ohio State Revenue Refunding (Cleveland Clinic Health System Obligated Group) |  |
| $| 10000 | Series 2017-A, 5.00%, due 1/1/2027 | &nbsp;&nbsp; $10325 |
|  | 20000 | Series 2017-A, 5.00%, due 1/1/2032 | &nbsp;&nbsp; 20732 |
|  | 20000 | Series 2021-B, 5.00%, due 1/1/2034 | &nbsp;&nbsp; 21769 |
|  |  |  | &nbsp;&nbsp; **1876026** |
| **Oklahoma 1.9%** | **Oklahoma 1.9%** | **Oklahoma 1.9%** | **Oklahoma 1.9%** |
|  | 1835000 | &nbsp;&nbsp; Canadian County Educational Facilities Authority Revenue (Piedmont Public Schools Project), <br> Series 2024, 4.00%, due 8/15/2032<br>| &nbsp;&nbsp; 1866775 |
|  | 1565000 | &nbsp;&nbsp; Weatherford Industrial Trust Education Facility Lease Revenue (Weatherford Public School Project), <br> Series 2019, 5.00%, due 3/1/2033<br>| &nbsp;&nbsp; 1626039 |
|  |  |  | &nbsp;&nbsp; **3492814** |
| **Pennsylvania 6.4%** | **Pennsylvania 6.4%** | **Pennsylvania 6.4%** | **Pennsylvania 6.4%** |
|  | 85000 | &nbsp;&nbsp; Bethlehem Area School District Refunding General Obligation, Series 2020-A, (AGC), (ST AID <br> WITHHLDG), 5.00%, due 1/15/2030<br>| &nbsp;&nbsp; 90678 |
|  |  | Lackawanna County Industrial Development Authority Revenue Refunding (University of Scranton) |  |
|  | 940000 | Series 2017, 5.00%, due 11/1/2028 | &nbsp;&nbsp; 971024 |
|  | 565000 | Series 2017, 5.00%, due 11/1/2029 | &nbsp;&nbsp; 582668 |
|  | 500000 | Series 2017, 5.00%, due 11/1/2030 | &nbsp;&nbsp; 514333 |
|  |  | Luzerne County General Obligation Refunding |  |
|  | 150000 | Series 2017-A, (AGM), 5.00%, due 12/15/2027 | &nbsp;&nbsp; 156201 |
|  | 70000 | Series 2017-B, (AGM), 5.00%, due 12/15/2026 | &nbsp;&nbsp; 72094 |
|  |  | Luzerne County Industrial Development Authority Lease Revenue Refunding Guaranteed |  |
|  | 350000 | Series 2017, (AGM), 5.00%, due 12/15/2025 | &nbsp;&nbsp; 353136 |
|  | 525000 | Series 2017, (AGM), 5.00%, due 12/15/2026 | &nbsp;&nbsp; 529971 |
|  | 250000 | Series 2017, (AGM), 5.00%, due 12/15/2027 | &nbsp;&nbsp; 252212 |
|  | 1025000 | Pennsylvania State Commonwealth General Obligation, Series 2015, 5.00%, due 3/15/2029 | &nbsp;&nbsp; 1026230 |
|  | 3420000 | &nbsp;&nbsp; Pennsylvania State Turnpike Commission Oil Franchise Tax Revenue Refunding, Series 2021-B, <br> 5.00%, due 12/1/2046<br>| &nbsp;&nbsp; 3493916 |
|  | 2090000 | Pennsylvania State Turnpike Commission Revenue Refunding, Series 2016, 5.00%, due 6/1/2027 | &nbsp;&nbsp; 2110563 |
|  | 550000 | &nbsp;&nbsp; Pennsylvania State Turnpike Commission Turnpike Revenue, Subseries 2019-A, 5.00%, due <br> 12/1/2033<br>| &nbsp;&nbsp; 586244 |
|  |  | Philadelphia Energy Authority Revenue (Philadelphia Street Lighting Project) |  |
|  | 500000 | Series 2023-A, 5.00%, due 11/1/2034 | &nbsp;&nbsp; 545790 |
|  | 35000 | Series 2023-A, 5.00%, due 11/1/2035 | &nbsp;&nbsp; 37980 |
|  | 645000 | &nbsp;&nbsp; Philadelphia School District General Obligation, Series 2018-A, (ST AID WITHHLDG), 5.00%, due <br> 9/1/2028<br>| &nbsp;&nbsp; 677057 |
|  |  |  | &nbsp;&nbsp; **12000097** |
| **Rhode Island 1.2%** | **Rhode Island 1.2%** | **Rhode Island 1.2%** | **Rhode Island 1.2%** |
|  | 1000000 | Pawtucket General Obligation, Series 2024-2, 4.50%, due 10/24/2025 | &nbsp;&nbsp; 1001015 |
|  | 1250000 | &nbsp;&nbsp; Rhode Island Health and Educational Building Corp. Revenue (Lifespan Obligation Group), <br> Series 2024, 5.25%, due 5/15/2049<br>| &nbsp;&nbsp; 1272834 |
|  |  |  | &nbsp;&nbsp; **2273849** |
| **South Carolina 0.7%** | **South Carolina 0.7%** | **South Carolina 0.7%** | **South Carolina 0.7%** |
|  | 5000 | &nbsp;&nbsp; Lexington County Health Services District, Inc. Revenue Refunding (Lexmed Obligated Group), <br> Series 2017, 5.00%, due 11/1/2029<br>| &nbsp;&nbsp; 5186 |
|  | 1860000 | &nbsp;&nbsp; South Carolina State Housing Finance & Development Authority Mortgage Revenue, Series 2021-A, <br> 1.85%, due 7/1/2036<br>| &nbsp;&nbsp; 1381279 |
|  |  |  | &nbsp;&nbsp; **1386465** |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Tennessee 0.7%** | **Tennessee 0.7%** | **Tennessee 0.7%** |
| $1230000 | &nbsp;&nbsp; Tennessee Housing Development Agency Residential Finance Program Revenue, Series 2019-2, <br> 3.00%, due 7/1/2039<br>| &nbsp;&nbsp; $1027236 |
| 265000 | Williamson County General Obligation, Series 2024, 5.00%, due 4/1/2033 | &nbsp;&nbsp; 298249 |
|  |  | &nbsp;&nbsp; **1325485** |
| **Texas 6.2%** | **Texas 6.2%** | **Texas 6.2%** |
| 115000 | Board of Regents of the University of Texas System Revenue, Series 2019-B, 5.00%, due 8/15/2049 | &nbsp;&nbsp; 123488 |
| 590000 | &nbsp;&nbsp; Central Texas Regional Mobility Authority Senior Lien Revenue Refunding, Series 2020-A, 5.00%, <br> due 1/1/2027<br>| &nbsp;&nbsp; 606651 |
| 450000 | &nbsp;&nbsp; East Montgomery County Improvement District Sales Tax Revenue, Series 2024, (AGC), 5.00%, due <br> 8/15/2031<br>| &nbsp;&nbsp; 489323 |
| 650000 | &nbsp;&nbsp; EP Essential Housing WF PFC Revenue (Home Essential Function Housing Program), Series 2024, <br> 4.25%, due 12/1/2034<br>| &nbsp;&nbsp; 637721 |
| 975000 | &nbsp;&nbsp; Harris County Improvement District No. 18 General Obligation, Series 2024-A, (BAM), 4.00%, due <br> 9/1/2035<br>| &nbsp;&nbsp; 975000 |
|  | Harris County Municipal Utility District No. 489 General Obligation |  |
| 900000 | Series 2023, (AGM), 4.00%, due 9/1/2036 | &nbsp;&nbsp; 895397 |
| 195000 | Series 2023, (AGM), 4.00%, due 9/1/2037 | &nbsp;&nbsp; 191842 |
| 450000 | Hidalgo County Regional Mobility Authority Revenue, Series 2022-B, 4.00%, due 12/1/2041 | &nbsp;&nbsp; 386841 |
| 655000 | &nbsp;&nbsp; Irving Independent School District General Obligation, Series 2023, (PSF-GTD), 5.00%, due <br> 2/15/2043<br>| &nbsp;&nbsp; 683033 |
| 2500000 | &nbsp;&nbsp; Killeen Independent School District General Obligation, Series 2018, (PSF-GTD), 5.00%, due <br> 2/15/2037<br>| &nbsp;&nbsp; 2561136 |
| 250000 | &nbsp;&nbsp; La Joya Independent School District Refunding General Obligation, Series 2013, (PSF-GTD), 5.00%, <br> due 2/15/2033<br>| &nbsp;&nbsp; 260579 |
| 835000 | &nbsp;&nbsp; McGregor Independent School District General Obligation, Series 2024, (PSF-GTD), 5.00%, due <br> 2/15/2040<br>| &nbsp;&nbsp; 896695 |
| 500000 | &nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp. Revenue, Series 2025-A, 6.50%, due <br> 10/1/2060<br>| &nbsp;&nbsp; 486143 |
| 245000 | &nbsp;&nbsp; Northlake Municipal Management District No. 1 General Obligation, Series 2024, (AGC), 4.00%, <br> due 3/1/2031<br>| &nbsp;&nbsp; 249619 |
| 290000 | &nbsp;&nbsp; Pampa Independent School District General Obligation Refunding, Series 2016, (PSF-GTD), 5.00%, <br> due 8/15/2032 Pre-Refunded 8/15/2025<br>| &nbsp;&nbsp; 291272 |
| 1730000 | Texas Water Development Board Revenue (Master Trust), Series 2022, 5.00%, due 10/15/2047 | &nbsp;&nbsp; 1792632 |
|  |  | &nbsp;&nbsp; **11527372** |
| **Utah 2.2%** | **Utah 2.2%** | **Utah 2.2%** |
|  | Midvale Redevelopment Agency Tax Increment & Sales Tax Revenue |  |
| 660000 | Series 2018, 5.00%, due 5/1/2032 | &nbsp;&nbsp; 684466 |
| 380000 | Series 2018, 5.00%, due 5/1/2034 | &nbsp;&nbsp; 392587 |
| 200000 | Utah Infrastructure Agency Telecommunication Revenue, Series 2019-A, 4.00%, due 10/15/2036 | &nbsp;&nbsp; 190177 |
| 1995000 | &nbsp;&nbsp; Utah State Transit Authority Sales Tax Revenue Refunding, Series 2007-A, (NPFG), 5.00%, due <br> 6/15/2031<br>| &nbsp;&nbsp; 2167176 |
| 575000 | &nbsp;&nbsp; Weber County Special Assessment (Summit Mountain Assessment Area), Series 2013, 5.50%, due <br> 1/15/2028<br>| &nbsp;&nbsp; 576009 |
|  |  | &nbsp;&nbsp; **4010415** |
| **Virginia 1.8%** | **Virginia 1.8%** | **Virginia 1.8%** |
| 2820000 | Virginia Public School Authority Revenue, Series 2024, 5.00%, due 10/1/2035 | &nbsp;&nbsp; 3138059 |
| 265000 | &nbsp;&nbsp; Virginia Small Business Financing Authority Revenue (Bon Secours Mercy Health, Inc.), Series 2022-A, <br> 5.00%, due 10/1/2041<br>| &nbsp;&nbsp; 276989 |
|  |  | &nbsp;&nbsp; **3415048** |

---

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount | Principal Amount | Value |
| **Washington 2.5%** | **Washington 2.5%** | **Washington 2.5%** |
| $85000 | &nbsp;&nbsp; North Thurston Public Schools General Obligation, Series 2016, (SCH BD GTY), 4.00%, due <br> 12/1/2028<br>| &nbsp;&nbsp; $85724 |
|  | Washington State General Obligation |  |
| 1050000 | Series 2022-C, 5.00%, due 2/1/2037 | &nbsp;&nbsp; 1134314 |
| 2500000 | Series 2024-C, 5.00%, due 2/1/2046 | &nbsp;&nbsp; 2604856 |
| 800000 | &nbsp;&nbsp; Whitman County School District No. 267 Pullman General Obligation, Series 2016, (SCH BD GTY), <br> 4.00%, due 12/1/2029<br>| &nbsp;&nbsp; 806126 |
|  |  | &nbsp;&nbsp; **4631020** |
| **West Virginia 1.8%** | **West Virginia 1.8%** | **West Virginia 1.8%** |
| 1200000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue (University Health System Obligated Group), <br> Series 2023-A, 5.00%, due 6/1/2043<br>| &nbsp;&nbsp; 1231306 |
| 1500000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue (Vandalia Health Group), Series 2023-B, (AGM), <br> 5.38%, due 9/1/2053<br>| &nbsp;&nbsp; 1566235 |
| 500000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue Refunding (Cabell Huntington Hospital Obligated <br> Group), Series 2018-A, 5.00%, due 1/1/2029<br>| &nbsp;&nbsp; 516100 |
| 30000 | &nbsp;&nbsp; West Virginia Hospital Finance Authority Revenue Refunding (West Virgina United Health System <br> Obligated Group), Series 2016-A, 4.00%, due 6/1/2029<br>| &nbsp;&nbsp; 30117 |
|  |  | &nbsp;&nbsp; **3343758** |
| **Wisconsin 2.1%** | **Wisconsin 2.1%** | **Wisconsin 2.1%** |
| 1500000 | &nbsp;&nbsp; Deutsche Bank Spears/Lifers Trust Revenue, (LOC: Deutsche Bank A.G.), Series 2023-DBE-8109, <br> 2.75%, due 4/1/2055<br>| &nbsp;&nbsp; 1500000<br> <sup>(a)(b)</sup><br>|
| 290000 | Oshkosh General Obligation, Series 2024-A, 5.00%, due 6/1/2031 | &nbsp;&nbsp; 316463 |
| 500000 | &nbsp;&nbsp; Public Finance Authority Hospital Revenue (Carson Valley Medical Center), Series 2021-A, 4.00%, <br> due 12/1/2051<br>| &nbsp;&nbsp; 409061<br> <sup>(a)</sup><br>|
| 481000 | Public Finance Authority Revenue (Signorelli Project), Series 2024, 5.38%, due 12/15/2032 | &nbsp;&nbsp; 478544<br> <sup>(a)</sup><br>|
| 500000 | &nbsp;&nbsp; Public Finance Authority Senior Revenue (Wonderful Foundations Charter School Portfolio Project), <br> Series 2020-A-1, 5.00%, due 1/1/2055<br>| &nbsp;&nbsp; 441476<br> <sup>(a)</sup><br>|
| 750000 | &nbsp;&nbsp; University of Wisconsin Hospitals & Clinics Revenue Refunding, (LOC: JP Morgan Chase Bank N.A.), <br> Series 2018-B, 2.35%, due 4/1/2048<br>| &nbsp;&nbsp; 750000<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **3895544** |
| **Total Investments 98.6% (Cost $190,462,098)** | **Total Investments 98.6% (Cost $190,462,098)** | &nbsp;&nbsp; **183938965** |
| Other Assets Less Liabilities 1.4% | Other Assets Less Liabilities 1.4% | &nbsp;&nbsp; 2703387 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$186642352** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $6,678,054, which represents 3.6% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable rate demand obligation where the stated interest rate is not based on a published
 reference rate and spread. Rather, the interest rate generally resets daily or weekly and is determined
 by the remarketing agent. The rate shown represents the rate in effect at April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments Municipal Intermediate Bond Fund^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Municipal Notes<sup>#</sup> <br>| $— | $183938965 | $— | $183938965 |
| **Total Investments** | **$—** | **$183938965** | **$—** | **$183938965** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the state/territory categorization.

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited)

April 30, 2025

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **U.S. Treasury Obligations 6.4%** | **U.S. Treasury Obligations 6.4%** | **U.S. Treasury Obligations 6.4%** |
|  | U.S. Treasury Bonds |  |
| $4120000 | 3.88%, due 8/15/2040 - 2/15/2043 | &nbsp;&nbsp; $3793781 |
| 1525000 | 2.00%, due 11/15/2041 | &nbsp;&nbsp; 1057909 |
| 1200000 | 3.38%, due 8/15/2042 | &nbsp;&nbsp; 1016953 |
| 1170000 | 3.63%, due 8/15/2043 | &nbsp;&nbsp; 1016255 |
| 1135000 | 4.38%, due 8/15/2043 | &nbsp;&nbsp; 1094388 |
| 1120000 | 4.50%, due 2/15/2044 | &nbsp;&nbsp; 1094406 |
| 2685000 | 4.63%, due 5/15/2044 - 11/15/2044 | &nbsp;&nbsp; 2659751 |
| 2315000 | 4.13%, due 8/15/2044 - 8/15/2053 | &nbsp;&nbsp; 2121778 |
| 890000 | 2.25%, due 8/15/2046 | &nbsp;&nbsp; 588686 |
| 1155000 | 1.38%, due 8/15/2050 | &nbsp;&nbsp; 576011 |
| 390000 | 1.88%, due 2/15/2051 | &nbsp;&nbsp; 221538 |
| 945000 | 2.38%, due 5/15/2051 | &nbsp;&nbsp; 605834 |
| 2580000 | 2.88%, due 5/15/2052 | &nbsp;&nbsp; 1838048 |
| 1230000 | 3.00%, due 8/15/2052 | &nbsp;&nbsp; 899245 |
| 1280000 | 4.25%, due 2/15/2054 | &nbsp;&nbsp; 1185250 |
|  | U.S. Treasury Inflation-Indexed Bonds |  |
| 3668887 | 3.63%, due 4/15/2028 | &nbsp;&nbsp; 3939110<br> <sup>(b)</sup><br>|
| 6709109 | 2.50%, due 1/15/2029 | &nbsp;&nbsp; 7024096<br> <sup>(b)</sup><br>|
| 2008604 | 3.88%, due 4/15/2029 | &nbsp;&nbsp; 2211147<br> <sup>(b)</sup><br>|
| 4421555 | 3.38%, due 4/15/2032 | &nbsp;&nbsp; 4925579<br> <sup>(b)</sup><br>|
| 520182 | 1.38%, due 2/15/2044 | &nbsp;&nbsp; 439746<br> <sup>(b)</sup><br>|
| 3820592 | 0.75%, due 2/15/2045 | &nbsp;&nbsp; 2807176<br> <sup>(b)</sup><br>|
| 3157174 | 1.00%, due 2/15/2046 - 2/15/2049 | &nbsp;&nbsp; 2349094<br> <sup>(b)</sup><br>|
| 2431818 | 0.88%, due 2/15/2047 | &nbsp;&nbsp; 1774142<br> <sup>(b)</sup><br>|
| 3542827 | 0.25%, due 2/15/2050 | &nbsp;&nbsp; 2068702<br> <sup>(b)</sup><br>|
| 2702316 | 0.13%, due 2/15/2051 - 2/15/2052 | &nbsp;&nbsp; 1481593<br> <sup>(b)</sup><br>|
| 21138053 | 1.50%, due 2/15/2053 | &nbsp;&nbsp; 16893496<br> <sup>(b)</sup><br>|
| 1694434 | 2.13%, due 2/15/2054 | &nbsp;&nbsp; 1561715<br> <sup>(b)</sup><br>|
| 23350200 | 2.38%, due 2/15/2055 | &nbsp;&nbsp; 22729554<br> <sup>(b)</sup><br>|
|  | U.S. Treasury Inflation-Indexed Notes |  |
| 32583645 | 0.13%, due 10/15/2026 - 1/15/2032 | &nbsp;&nbsp; 30879455<br> <sup>(b)</sup><br>|
| 7445410 | 1.25%, due 4/15/2028 | &nbsp;&nbsp; 7479792<br> <sup>(b)</sup><br>|
| 1406160 | 2.38%, due 10/15/2028 | &nbsp;&nbsp; 1469285<br> <sup>(b)</sup><br>|
| 5041325 | 0.88%, due 1/15/2029 | &nbsp;&nbsp; 4981551<br> <sup>(b)</sup><br>|
| 161697396 | 2.13%, due 4/15/2029 - 1/15/2035 | &nbsp;&nbsp; 164692129<br> <sup>(b)</sup><br>|
| 5108813 | 1.13%, due 1/15/2033 | &nbsp;&nbsp; 4868103<br> <sup>(b)</sup><br>|
| 1334097 | 1.38%, due 7/15/2033 | &nbsp;&nbsp; 1292696<br> <sup>(b)</sup><br>|
| 4255308 | 1.75%, due 1/15/2034 | &nbsp;&nbsp; 4213810<br> <sup>(b)</sup><br>|
| 1499691 | 1.88%, due 7/15/2034 | &nbsp;&nbsp; 1501285<br> <sup>(b)</sup><br>|
|  | U.S. Treasury Notes |  |
| 7210000 | 4.50%, due 3/31/2026 - 11/15/2033 | &nbsp;&nbsp; 7357253 |
| 2335000 | 4.88%, due 5/31/2026 | &nbsp;&nbsp; 2359080 |
| 8455000 | 4.63%, due 10/15/2026 - 5/31/2031 | &nbsp;&nbsp; 8680085 |
| 5755000 | 0.50%, due 5/31/2027 | &nbsp;&nbsp; 5398909 |
| 7670000 | 2.75%, due 7/31/2027 - 5/31/2029 | &nbsp;&nbsp; 7479936 |
| 4755000 | 0.38%, due 7/31/2027 | &nbsp;&nbsp; 4426236 |
| 5280000 | 3.50%, due 1/31/2028 - 9/30/2029 | &nbsp;&nbsp; 5260008 |
| 6585000 | 1.25%, due 5/31/2028 - 8/15/2031 | &nbsp;&nbsp; 5924872 |
| 13655000 | 4.25%, due 2/28/2029 - 11/15/2034 | &nbsp;&nbsp; 13893419 |
| 6775000 | 4.00%, due 7/31/2029 - 1/31/2031 | &nbsp;&nbsp; 6851732 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **U.S. Treasury Obligations – cont'd** | **U.S. Treasury Obligations – cont'd** | **U.S. Treasury Obligations – cont'd** | **U.S. Treasury Obligations – cont'd** |
| $| 1305000 | 3.63%, due 8/31/2029 | &nbsp;&nbsp; $1302145 |
|  | 1460000 | 3.88%, due 4/30/2030 - 8/15/2033 | &nbsp;&nbsp; 1457730 |
|  | 2000000 | 4.13%, due 7/31/2031 | &nbsp;&nbsp; 2027188 |
|  | 2450000 | 3.75%, due 8/31/2031 | &nbsp;&nbsp; 2430859 |
|  | 2670000 | 4.38%, due 5/15/2034 | &nbsp;&nbsp; 2721105 |
| **Total U.S. Treasury Obligations (Cost $386,728,015)** | **Total U.S. Treasury Obligations (Cost $386,728,015)** | **Total U.S. Treasury Obligations (Cost $386,728,015)** | &nbsp;&nbsp; **388923646** |
| **U.S. Government Agency Securities 0.1%** | **U.S. Government Agency Securities 0.1%** | **U.S. Government Agency Securities 0.1%** | **U.S. Government Agency Securities 0.1%** |
|  | 2030000 | Federal National Mortgage Association, 5.63%, due 7/15/2037 | &nbsp;&nbsp; 2236897 |
|  | 1040000 | Tennessee Valley Authority, 5.25%, due 2/1/2055 | &nbsp;&nbsp; 1014074 |
| **Total U.S. Government Agency Securities (Cost $3,607,861)** | **Total U.S. Government Agency Securities (Cost $3,607,861)** | **Total U.S. Government Agency Securities (Cost $3,607,861)** | &nbsp;&nbsp; **3250971** |
| **Mortgage-Backed Securities 51.7%** | **Mortgage-Backed Securities 51.7%** | **Mortgage-Backed Securities 51.7%** | **Mortgage-Backed Securities 51.7%** |
| **Collateralized Mortgage Obligations 13.9%** | **Collateralized Mortgage Obligations 13.9%** | **Collateralized Mortgage Obligations 13.9%** | **Collateralized Mortgage Obligations 13.9%** |
|  | 1050000 | A&D Mortgage Trust, Series 2024-NQM6, Class M1, 6.57%, due 1/25/2070 | &nbsp;&nbsp; 1057981<br> <sup>(c)(d)</sup><br>|
|  |  | Chase Home Lending Mortgage Trust |  |
|  | 4335975 | Series 2024-2, Class A6A, 6.00%, due 2/25/2055 | &nbsp;&nbsp; 4355702<br> <sup>(c)(d)</sup><br>|
|  | 7030486 | Series 2024-3, Class A6, 6.00%, due 2/25/2055 | &nbsp;&nbsp; 7065926<br> <sup>(c)(d)</sup><br>|
|  | 7757880 | Series 2024-4, Class A6, 6.00%, due 3/25/2055 | &nbsp;&nbsp; 7827603<br> <sup>(c)(d)</sup><br>|
|  | 5399546 | Series 2024-5, Class A6, 6.00%, due 4/25/2055 | &nbsp;&nbsp; 5435215<br> <sup>(c)(d)</sup><br>|
|  | 6585667 | Series 2024-10, Class A4A, 5.50%, due 10/25/2055 | &nbsp;&nbsp; 6584959<br> <sup>(c)(d)</sup><br>|
|  | 9125596 | Series 2024-11, Class A4, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 9214473<br> <sup>(c)(d)</sup><br>|
|  | 3146829 | Series 2024-11, Class A9A, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 3149999<br> <sup>(c)(d)</sup><br>|
|  | 1354818 | Series 2024-11, Class A9, 6.30%, due 11/25/2055 | &nbsp;&nbsp; 1383223<br> <sup>(c)(d)</sup><br>|
|  | 5544169 | COLT Mortgage Loan Trust, Series 2024-2, Class A1, 6.13%, due 4/25/2069 | &nbsp;&nbsp; 5578639<br> <sup>(c)</sup><br>|
|  |  | Cross Mortgage Trust |  |
|  | 2948724 | Series 2024-H8, Class A1, 5.55%, due 12/25/2069 | &nbsp;&nbsp; 2956257<br> <sup>(c)(d)</sup><br>|
|  | 2430428 | Series 2024-H8, Class A3, 5.96%, due 12/25/2069 | &nbsp;&nbsp; 2440043<br> <sup>(c)</sup><br>|
|  | 1250000 | Series 2024-H8, Class M1, 6.32%, due 12/25/2069 | &nbsp;&nbsp; 1249516<br> <sup>(c)(d)</sup><br>|
|  |  | EFMT |  |
|  | 3218530 | Series 2024-INV2, Class A3, 5.44%, due 10/25/2069 | &nbsp;&nbsp; 3199908<br> <sup>(c)</sup><br>|
|  | 3500000 | Series 2024-INV2, Class M1, 5.73%, due 10/25/2069 | &nbsp;&nbsp; 3462684<br> <sup>(c)(d)</sup><br>|
|  |  | Federal Home Loan Mortgage Corp. REMIC |  |
|  | 3507830 | Series 4117, Class IO, 4.00%, due 10/15/2042 | &nbsp;&nbsp; 642160<br> <sup>(e)</sup><br>|
|  | 2352033 | Series 4627, Class SA, (5.89% - 30 day USD SOFR Average), 1.54%, due 10/15/2046 | &nbsp;&nbsp; 346631<br> <sup>(e)(f)</sup><br>|
|  | 12582860 | Series 5149, Class DI, 4.00%, due 10/25/2048 | &nbsp;&nbsp; 2439493<br> <sup>(e)</sup><br>|
|  | 4112406 | Series 4994, Class LI, 4.00%, due 12/25/2048 | &nbsp;&nbsp; 803270<br> <sup>(e)</sup><br>|
|  | 3084267 | Series 5146, Class EC, 1.50%, due 2/25/2049 | &nbsp;&nbsp; 2466777 |
|  | 3252149 | Series 4953, Class BI, 4.50%, due 2/25/2050 | &nbsp;&nbsp; 688110<br> <sup>(e)</sup><br>|
|  | 9612849 | Series 4977, Class IO, 4.50%, due 5/25/2050 | &nbsp;&nbsp; 1884060<br> <sup>(e)</sup><br>|
|  | 9219344 | Series 4975, Class EI, 4.50%, due 5/25/2050 | &nbsp;&nbsp; 1855448<br> <sup>(e)</sup><br>|
|  | 11736653 | Series 5392, Class HI, 3.50%, due 7/25/2051 | &nbsp;&nbsp; 2223031<br> <sup>(e)</sup><br>|
|  | 13952140 | Series 5471, Class FK, (30 day USD SOFR Average + 1.15%), 5.50%, due 8/25/2054 | &nbsp;&nbsp; 13832252<br> <sup>(f)</sup><br>|
|  | 15520936 | Series 5474, Class FB, (30 day USD SOFR Average + 1.15%), 5.50%, due 11/25/2054 | &nbsp;&nbsp; 15390561<br> <sup>(f)</sup><br>|
|  | 15764627 | Series 5473, Class FH, (30 day USD SOFR Average + 1.15%), 5.50%, due 11/25/2054 | &nbsp;&nbsp; 15634801<br> <sup>(f)</sup><br>|
|  | 16613680 | Series 5513, Class FJ, (30 day USD SOFR Average + 1.80%), 6.00%, due 11/25/2054 | &nbsp;&nbsp; 16644755<br> <sup>(f)</sup><br>|
|  | 7750984 | Series 5505, Class FB, (30 day USD SOFR Average + 1.50%), 5.85%, due 2/25/2055 | &nbsp;&nbsp; 7762708<br> <sup>(f)</sup><br>|
|  | 16831710 | Series 5518, Class FD, (30 day USD SOFR Average + 1.70%), 6.00%, due 3/25/2055 | &nbsp;&nbsp; 16861795<br> <sup>(f)</sup><br>|
|  | 16588845 | Series 5521, Class FB, (30 day USD SOFR Average + 1.70%), 6.00%, due 3/25/2055 | &nbsp;&nbsp; 16612357<br> <sup>(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
|  | Federal Home Loan Mortgage Corp. STACR REMIC Trust |
| $3000000 | &nbsp;&nbsp; Series 2021-HQA3, Class B1, (30 day USD SOFR Average + 3.35%), 7.70%, due <br> 9/25/2041<br>&nbsp;&nbsp; $3051570<br> <sup>(c)(f)</sup><br>|
| 7644000 | &nbsp;&nbsp; Series 2021-DNA6, Class B1, (30 day USD SOFR Average + 3.40%), 7.75%, due <br> 10/25/2041<br>&nbsp;&nbsp; 7832978<br> <sup>(c)(f)</sup><br>|
| 3380200 | &nbsp;&nbsp; Series 2021-DNA7, Class M2, (30 day USD SOFR Average + 1.80%), 6.15%, due <br> 11/25/2041<br>&nbsp;&nbsp; 3390252<br> <sup>(c)(f)</sup><br>|
| 11002000 | &nbsp;&nbsp; Series 2021-DNA7, Class B1, (30 day USD SOFR Average + 3.65%), 8.00%, due <br> 11/25/2041<br>&nbsp;&nbsp; 11304555<br> <sup>(c)(f)</sup><br>|
| 2450000 | &nbsp;&nbsp; Series 2021-HQA4, Class B1, (30 day USD SOFR Average + 3.75%), 8.10%, due <br> 12/25/2041<br>&nbsp;&nbsp; 2503606<br> <sup>(c)(f)</sup><br>|
| 18564000 | &nbsp;&nbsp; Series 2022-DNA1, Class M2, (30 day USD SOFR Average + 2.50%), 6.85%, due <br> 1/25/2042<br>&nbsp;&nbsp; 18819255<br> <sup>(c)(f)</sup><br>|
| 4200000 | &nbsp;&nbsp; Series 2022-DNA2, Class M1B, (30 day USD SOFR Average + 2.40%), 6.75%, due <br> 2/25/2042<br>&nbsp;&nbsp; 4287276<br> <sup>(c)(f)</sup><br>|
| 13314000 | &nbsp;&nbsp; Series 2022-DNA2, Class M2, (30 day USD SOFR Average + 3.75%), 8.10%, due <br> 2/25/2042<br>&nbsp;&nbsp; 13807598<br> <sup>(c)(f)</sup><br>|
| 2775000 | &nbsp;&nbsp; Series 2022-DNA2, Class B1, (30 day USD SOFR Average + 4.75%), 9.10%, due <br> 2/25/2042<br>&nbsp;&nbsp; 2897091<br> <sup>(c)(f)</sup><br>|
| 14125000 | &nbsp;&nbsp; Series 2022-HQA1, Class M2, (30 day USD SOFR Average + 5.25%), 9.60%, due <br> 3/25/2042<br>&nbsp;&nbsp; 14966967<br> <sup>(c)(f)</sup><br>|
| 7520000 | &nbsp;&nbsp; Series 2022-HQA1, Class B1, (30 day USD SOFR Average + 7.00%), 11.35%, due <br> 3/25/2042<br>&nbsp;&nbsp; 8140400<br> <sup>(c)(f)</sup><br>|
| 617660 | &nbsp;&nbsp; Series 2022-DNA3, Class M1A, (30 day USD SOFR Average + 2.00%), 6.35%, due <br> 4/25/2042<br>&nbsp;&nbsp; 625091<br> <sup>(c)(f)</sup><br>|
| 500000 | &nbsp;&nbsp; Series 2022-DNA3, Class M1B, (30 day USD SOFR Average + 2.90%), 7.25%, due <br> 4/25/2042<br>&nbsp;&nbsp; 513187<br> <sup>(c)(f)</sup><br>|
| 12919000 | &nbsp;&nbsp; Series 2022-DNA3, Class M2, (30 day USD SOFR Average + 4.35%), 8.70%, due <br> 4/25/2042<br>&nbsp;&nbsp; 13576748<br> <sup>(c)(f)</sup><br>|
| 8780000 | &nbsp;&nbsp; Series 2022-DNA3, Class B1, (30 day USD SOFR Average + 5.65%), 10.00%, due <br> 4/25/2042<br>&nbsp;&nbsp; 9327170<br> <sup>(c)(f)</sup><br>|
| 5761000 | &nbsp;&nbsp; Series 2022-DNA4, Class B1, (30 day USD SOFR Average + 6.25%), 10.60%, due <br> 5/25/2042<br>&nbsp;&nbsp; 6187660<br> <sup>(c)(f)</sup><br>|
| 5000000 | &nbsp;&nbsp; Series 2022-DNA5, Class M1B, (30 day USD SOFR Average + 4.50%), 8.85%, due <br> 6/25/2042<br>&nbsp;&nbsp; 5288690<br> <sup>(c)(f)</sup><br>|
| 10972000 | &nbsp;&nbsp; Series 2022-DNA6, Class M1B, (30 day USD SOFR Average + 3.70%), 8.05%, due <br> 9/25/2042<br>&nbsp;&nbsp; 11485707<br> <sup>(c)(f)</sup><br>|
| 5000000 | &nbsp;&nbsp; Series 2022-DNA6, Class M2, (30 day USD SOFR Average + 5.75%), 10.10%, due <br> 9/25/2042<br>&nbsp;&nbsp; 5448800<br> <sup>(c)(f)</sup><br>|
| 8395000 | &nbsp;&nbsp; Series 2024-DNA1, Class M2, (30 day USD SOFR Average + 1.95%), 6.30%, due <br> 2/25/2044<br>&nbsp;&nbsp; 8431599<br> <sup>(c)(f)</sup><br>|
| 9839000 | &nbsp;&nbsp; Series 2024-HQA1, Class M2, (30 day USD SOFR Average + 2.00%), 6.35%, due <br> 3/25/2044<br>&nbsp;&nbsp; 9851282<br> <sup>(c)(f)</sup><br>|
| 5474000 | &nbsp;&nbsp; Series 2024-DNA3, Class M2, (30 day USD SOFR Average + 1.45%), 5.80%, due <br> 10/25/2044<br>&nbsp;&nbsp; 5451286<br> <sup>(c)(f)</sup><br>|
| 979695 | &nbsp;&nbsp; Series 2025-DNA1, Class M1, (30 day USD SOFR Average + 1.05%), 5.40%, due <br> 1/25/2045<br>&nbsp;&nbsp; 975723<br> <sup>(c)(f)</sup><br>|
| 917526 | &nbsp;&nbsp; Series 2025-HQA1, Class M1, (30 day USD SOFR Average + 1.15%), 5.50%, due <br> 2/25/2045<br>&nbsp;&nbsp; 914954<br> <sup>(c)(f)</sup><br>|
|  | Federal National Mortgage Association Connecticut Avenue Securities Trust |
| 268876 | &nbsp;&nbsp; Series 2018-C04, Class 2M2, (30 day USD SOFR Average + 2.66%), 7.02%, due <br> 12/25/2030<br>&nbsp;&nbsp; 272778<br> <sup>(f)</sup><br>|
| 1525579 | &nbsp;&nbsp; Series 2018-C05, Class 1M2, (30 day USD SOFR Average + 2.46%), 6.82%, due <br> 1/25/2031<br>&nbsp;&nbsp; 1536562<br> <sup>(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
| $2225000 | &nbsp;&nbsp; Series 2020-R02, Class 2B1, (30 day USD SOFR Average + 3.11%), 7.47%, due <br> 1/25/2040<br>&nbsp;&nbsp; $2250031<br> <sup>(c)(f)</sup><br>|
| 11349000 | &nbsp;&nbsp; Series 2020-R01, Class 1B1, (30 day USD SOFR Average + 3.36%), 7.72%, due <br> 1/25/2040<br>&nbsp;&nbsp; 11559735<br> <sup>(c)(f)</sup><br>|
| 8605000 | &nbsp;&nbsp; Series 2021-R01, Class 1B1, (30 day USD SOFR Average + 3.10%), 7.45%, due <br> 10/25/2041<br>&nbsp;&nbsp; 8742164<br> <sup>(c)(f)</sup><br>|
| 6710000 | &nbsp;&nbsp; Series 2021-R03, Class 1M2, (30 day USD SOFR Average + 1.65%), 6.00%, due <br> 12/25/2041<br>&nbsp;&nbsp; 6722588<br> <sup>(c)(f)</sup><br>|
| 9504000 | &nbsp;&nbsp; Series 2022-R01, Class 1M2, (30 day USD SOFR Average + 1.90%), 6.25%, due <br> 12/25/2041<br>&nbsp;&nbsp; 9545460<br> <sup>(c)(f)</sup><br>|
| 5176000 | &nbsp;&nbsp; Series 2021-R03, Class 1B1, (30 day USD SOFR Average + 2.75%), 7.10%, due <br> 12/25/2041<br>&nbsp;&nbsp; 5239095<br> <sup>(c)(f)</sup><br>|
| 17453000 | &nbsp;&nbsp; Series 2022-R02, Class 2B1, (30 day USD SOFR Average + 4.50%), 8.85%, due <br> 1/25/2042<br>&nbsp;&nbsp; 18129304<br> <sup>(c)(f)</sup><br>|
| 13257000 | &nbsp;&nbsp; Series 2022-R04, Class 1M2, (30 day USD SOFR Average + 3.10%), 7.45%, due <br> 3/25/2042<br>&nbsp;&nbsp; 13612257<br> <sup>(c)(f)</sup><br>|
| 8509962 | &nbsp;&nbsp; Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.85%, due <br> 3/25/2042<br>&nbsp;&nbsp; 8791897<br> <sup>(c)(f)</sup><br>|
| 5000000 | &nbsp;&nbsp; Series 2022-R03, Class 1B1, (30 day USD SOFR Average + 6.25%), 10.60%, due <br> 3/25/2042<br>&nbsp;&nbsp; 5387500<br> <sup>(c)(f)</sup><br>|
| 10945000 | &nbsp;&nbsp; Series 2022-R06, Class 1B1, (30 day USD SOFR Average + 6.35%), 10.70%, due <br> 5/25/2042<br>&nbsp;&nbsp; 11871932<br> <sup>(c)(f)</sup><br>|
| 4006624 | &nbsp;&nbsp; Series 2022-R08, Class 1M2, (30 day USD SOFR Average + 3.60%), 7.95%, due <br> 7/25/2042<br>&nbsp;&nbsp; 4159397<br> <sup>(c)(f)</sup><br>|
| 8407200 | &nbsp;&nbsp; Series 2022-R08, Class 1B1, (30 day USD SOFR Average + 5.60%), 9.95%, due <br> 7/25/2042<br>&nbsp;&nbsp; 9016722<br> <sup>(c)(f)</sup><br>|
| 6543000 | &nbsp;&nbsp; Series 2023-R01, Class 1M2, (30 day USD SOFR Average + 3.75%), 8.10%, due <br> 12/25/2042<br>&nbsp;&nbsp; 6855821<br> <sup>(c)(f)</sup><br>|
| 6443000 | &nbsp;&nbsp; Series 2023-R02, Class 1M2, (30 day USD SOFR Average + 3.35%), 7.70%, due <br> 1/25/2043<br>&nbsp;&nbsp; 6692666<br> <sup>(c)(f)</sup><br>|
| 1725000 | &nbsp;&nbsp; Series 2023-R02, Class 1B1, (30 day USD SOFR Average + 5.55%), 9.90%, due <br> 1/25/2043<br>&nbsp;&nbsp; 1869146<br> <sup>(c)(f)</sup><br>|
| 5975000 | &nbsp;&nbsp; Series 2023-R04, Class 1B1, (30 day USD SOFR Average + 5.35%), 9.70%, due <br> 5/25/2043<br>&nbsp;&nbsp; 6463835<br> <sup>(c)(f)</sup><br>|
| 12168000 | &nbsp;&nbsp; Series 2023-R05, Class 1B1, (30 day USD SOFR Average + 4.75%), 9.10%, due <br> 6/25/2043<br>&nbsp;&nbsp; 13003371<br> <sup>(c)(f)</sup><br>|
| 4500000 | &nbsp;&nbsp; Series 2023-R06, Class 1M2, (30 day USD SOFR Average + 2.70%), 7.05%, due <br> 7/25/2043<br>&nbsp;&nbsp; 4636268<br> <sup>(c)(f)</sup><br>|
| 772624 | &nbsp;&nbsp; Series 2024-R01, Class 1M1, (30 day USD SOFR Average + 1.05%), 5.40%, due <br> 1/25/2044<br>&nbsp;&nbsp; 769972<br> <sup>(c)(f)</sup><br>|
| 1975000 | &nbsp;&nbsp; Series 2024-R01, Class 1B1, (30 day USD SOFR Average + 2.70%), 7.05%, due <br> 1/25/2044<br>&nbsp;&nbsp; 1999687<br> <sup>(c)(f)</sup><br>|
| 6091000 | &nbsp;&nbsp; Series 2025-R01, Class 1B1, (30 day USD SOFR Average + 1.70%), 6.05%, due <br> 1/25/2045<br>&nbsp;&nbsp; 5946567<br> <sup>(c)(f)</sup><br>|
| 1113280 | &nbsp;&nbsp; Series 2025-R02, Class 1M1, (30 day USD SOFR Average + 1.15%), 5.50%, due <br> 2/25/2045<br>&nbsp;&nbsp; 1113992<br> <sup>(c)(f)</sup><br>|
| 7532000 | &nbsp;&nbsp; Series 2025-R02, Class 1M2, (30 day USD SOFR Average + 1.60%), 5.95%, due <br> 2/25/2045<br>&nbsp;&nbsp; 7494340<br> <sup>(c)(f)</sup><br>|
| 5230000 | &nbsp;&nbsp; Series 2025-R02, Class 1B1, (30 day USD SOFR Average + 1.95%), 6.30%, due <br> 2/25/2045<br>&nbsp;&nbsp; 5137875<br> <sup>(c)(f)</sup><br>|
|  | Federal National Mortgage Association Interest Strip |
| 6666037 | Series 418, Class C24, 4.00%, due 8/25/2043<br> &nbsp;&nbsp; 1231357<br> <sup>(e)</sup><br>|
| 18132801 | Series 437, Class C29, 3.37%, due 5/25/2053<br> &nbsp;&nbsp; 2924861<br> <sup>(d)(e)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
|  | Federal National Mortgage Association REMIC |  |
| $5969353 | &nbsp;&nbsp; Series 2018-18, Class ST, (5.99% - 30 day USD SOFR Average), 1.63%, due <br> 12/25/2044<br>| &nbsp;&nbsp; $780591<br> <sup>(e)(f)</sup><br>|
| 6104007 | &nbsp;&nbsp; Series 2019-33, Class SN, (5.99% - 30 day USD SOFR Average), 1.63%, due <br> 7/25/2049<br>| &nbsp;&nbsp; 678268<br> <sup>(e)(f)</sup><br>|
| 11819080 | Series 2021-76, Class AI, 3.50%, due 11/25/2051 | &nbsp;&nbsp; 2085327<br> <sup>(e)</sup><br>|
| 8610774 | &nbsp;&nbsp; Series 2024-61, Class FD, (30 day USD SOFR Average + 1.00%), 5.35%, due <br> 3/25/2053<br>| &nbsp;&nbsp; 8517569<br> <sup>(f)</sup><br>|
| 11283208 | &nbsp;&nbsp; Series 2024-40, Class FA, (30 day USD SOFR Average + 1.15%), 5.50%, due <br> 3/25/2054<br>| &nbsp;&nbsp; 11198199<br> <sup>(f)</sup><br>|
| 14501304 | &nbsp;&nbsp; Series 2024-67, Class FA, (30 day USD SOFR Average + 1.17%), 5.52%, due <br> 9/25/2054<br>| &nbsp;&nbsp; 14426954<br> <sup>(f)</sup><br>|
| 19247098 | &nbsp;&nbsp; Series 2024-70, Class DF, (30 day USD SOFR Average + 1.00%), 5.35%, due <br> 10/25/2054<br>| &nbsp;&nbsp; 18977656<br> <sup>(f)</sup><br>|
| 13937870 | &nbsp;&nbsp; Series 2024-76, Class JF, (30 day USD SOFR Average + 1.25%), 5.60%, due <br> 11/25/2054<br>| &nbsp;&nbsp; 13906228<br> <sup>(f)</sup><br>|
| 16187490 | Series 2025-6, Class LF, (30 day USD SOFR Average + 1.80%), 6.00%, due 2/25/2055 | &nbsp;&nbsp; 16223552<br> <sup>(f)</sup><br>|
| 2751188 | Series 2025-1, Class AF, (30 day USD SOFR Average + 1.85%), 6.00%, due 2/25/2055 | &nbsp;&nbsp; 2755873<br> <sup>(f)</sup><br>|
|  | Government National Mortgage Association REMIC |  |
| 4030889 | Series 2015-187, Class AI, 4.50%, due 12/20/2045 | &nbsp;&nbsp; 843414<br> <sup>(e)</sup><br>|
| 6918539 | Series 2020-86, Class WK, 1.00%, due 6/20/2050 | &nbsp;&nbsp; 5294603 |
| 8235030 | Series 2020-107, Class AB, 1.00%, due 7/20/2050 | &nbsp;&nbsp; 6251326 |
| 6957974 | Series 2020-112, Class KA, 1.00%, due 8/20/2050 | &nbsp;&nbsp; 5299530 |
| 7693212 | Series 2020-151, Class MI, 2.50%, due 10/20/2050 | &nbsp;&nbsp; 1164828<br> <sup>(e)</sup><br>|
| 6132141 | Series 2021-103, Class HE, 2.00%, due 6/20/2051 | &nbsp;&nbsp; 5055490 |
| 6369409 | Series 2021-119, Class NC, 1.50%, due 7/20/2051 | &nbsp;&nbsp; 5256441 |
| 17985459 | Series 2021-139, Class IE, 3.50%, due 8/20/2051 | &nbsp;&nbsp; 3446642<br> <sup>(e)</sup><br>|
| 13340777 | Series 2021-177, Class IG, 3.50%, due 10/20/2051 | &nbsp;&nbsp; 2052118<br> <sup>(e)</sup><br>|
| 9740736 | Series 2022-29, Class PI, 3.50%, due 2/20/2052 | &nbsp;&nbsp; 1249077<br> <sup>(e)</sup><br>|
| 4536723 | &nbsp;&nbsp; Series 2024-61, Class FA, (30 day USD SOFR Average + 1.15%), 5.50%, due <br> 4/20/2054<br>| &nbsp;&nbsp; 4529751<br> <sup>(f)</sup><br>|
| 11545165 | Series 2025-4, Class FY, (30 day USD SOFR Average + 1.60%), 5.95%, due 1/20/2055 | &nbsp;&nbsp; 11548431<br> <sup>(f)</sup><br>|
|  | JP Morgan Mortgage Trust |  |
| 2681368 | Series 2024-2, Class A6A, 6.00%, due 8/25/2054 | &nbsp;&nbsp; 2679792<br> <sup>(c)(d)</sup><br>|
| 5055046 | Series 2024-4, Class A6A, 6.00%, due 10/25/2054 | &nbsp;&nbsp; 5077605<br> <sup>(c)(d)</sup><br>|
| 969983 | Series 2025-2, Class A4, 6.00%, due 7/25/2055 | &nbsp;&nbsp; 979383<br> <sup>(c)(d)</sup><br>|
| 5491442 | Series 2025-2, Class A9A, 6.00%, due 7/25/2055 | &nbsp;&nbsp; 5487364<br> <sup>(c)(d)</sup><br>|
| 14219000 | LHOME Mortgage Trust, Series 2024-RTL4, Class A1, 5.92%, due 7/25/2039 | &nbsp;&nbsp; 14277978<br> <sup>(c)</sup><br>|
|  | Morgan Stanley Residential Mortgage Loan Trust |  |
| 1179833 | Series 2024-2, Class A5, 6.00%, due 3/25/2054 | &nbsp;&nbsp; 1182258<br> <sup>(c)(d)</sup><br>|
| 2113625 | Series 2024-3, Class A2, 6.00%, due 7/25/2054 | &nbsp;&nbsp; 2122961<br> <sup>(c)(d)</sup><br>|
| 3411839 | Series 2024-NQM3, Class A3, 5.40%, due 7/25/2069 | &nbsp;&nbsp; 3392954<br> <sup>(c)</sup><br>|
| 2195000 | Series 2024-NQM3, Class M1, 5.61%, due 7/25/2069 | &nbsp;&nbsp; 2159763<br> <sup>(c)(d)</sup><br>|
| 6946504 | Series 2024-NQM5, Class A1, 5.65%, due 10/25/2069 | &nbsp;&nbsp; 6975094<br> <sup>(c)(d)</sup><br>|
| 2339129 | Series 2024-NQM5, Class A3, 6.00%, due 10/25/2069 | &nbsp;&nbsp; 2349737<br> <sup>(c)</sup><br>|
| 1384000 | Series 2024-NQM5, Class M1, 6.52%, due 10/25/2069 | &nbsp;&nbsp; 1390038<br> <sup>(c)(d)</sup><br>|
| 7627000 | &nbsp;&nbsp; New Residential Mortgage Loan Trust, Series 2024-RTL2, Class A1, 5.44%, due <br> 9/25/2039<br>| &nbsp;&nbsp; 7598943<br> <sup>(c)</sup><br>|
| 8741941 | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A, 6.55%, due 3/25/2032 | &nbsp;&nbsp; 8684748<br> <sup>(c)</sup><br>|
|  | NYMT Loan Trust |  |
| 2762914 | Series 2024-INV1, Class A1, 5.38%, due 6/25/2069 | &nbsp;&nbsp; 2771897<br> <sup>(c)(d)</sup><br>|
| 5516217 | Series 2024-INV1, Class A3, 5.83%, due 6/25/2069 | &nbsp;&nbsp; 5534435<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
|  |  | OBX Trust |  |
| $| 6350000 | Series 2025-NQM7, Class A3, 5.86%, due 5/25/2055 | &nbsp;&nbsp; $6365797<br> <sup>(c)</sup><br>|
|  | 6921501 | Series 2021-NQM4, Class A1, 1.96%, due 10/25/2061 | &nbsp;&nbsp; 5831286<br> <sup>(c)(d)</sup><br>|
|  | 5090000 | Series 2024-NQM14, Class M1, 5.58%, due 9/25/2064 | &nbsp;&nbsp; 5005537<br> <sup>(c)(d)</sup><br>|
|  |  | Sequoia Mortgage Trust |  |
|  | 6448391 | Series 2024-4, Class A10, 6.00%, due 5/25/2054 | &nbsp;&nbsp; 6467647<br> <sup>(c)(d)</sup><br>|
|  | 2345159 | Series 2024-7, Class A12, 5.50%, due 8/25/2054 | &nbsp;&nbsp; 2341281<br> <sup>(c)(d)</sup><br>|
|  | 9952356 | SG Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, due 12/25/2061 | &nbsp;&nbsp; 8518167<br> <sup>(c)(d)</sup><br>|
|  | 19131833 | Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, due 9/25/2066 | &nbsp;&nbsp; 16402725<br> <sup>(c)(d)</sup><br>|
|  | 4969102 | Towd Point Mortgage Trust, Series 2022-4, Class A1, 3.75%, due 9/25/2062 | &nbsp;&nbsp; 4720773<br> <sup>(c)</sup><br>|
|  |  | Verus Securitization Trust |  |
|  | 17976075 | Series 2021-6, Class A1, 1.63%, due 10/25/2066 | &nbsp;&nbsp; 15475216<br> <sup>(c)(d)</sup><br>|
|  | 4623109 | Series 2021-6, Class A3, 1.89%, due 10/25/2066 | &nbsp;&nbsp; 3981897<br> <sup>(c)(d)</sup><br>|
|  | 2578168 | Series 2022-4, Class A3, 4.74%, due 4/25/2067 | &nbsp;&nbsp; 2508060<br> <sup>(c)(d)</sup><br>|
|  | 3049948 | Series 2024-5, Class A1, 6.19%, due 6/25/2069 | &nbsp;&nbsp; 3076841<br> <sup>(c)</sup><br>|
|  | 3561625 | Series 2024-5, Class A2, 6.45%, due 6/25/2069 | &nbsp;&nbsp; 3595281<br> <sup>(c)</sup><br>|
|  | 6377236 | Series 2024-7, Class A1, 5.10%, due 9/25/2069 | &nbsp;&nbsp; 6342533<br> <sup>(c)(d)</sup><br>|
|  | 4415865 | Series 2024-7, Class A3, 5.40%, due 9/25/2069 | &nbsp;&nbsp; 4390436<br> <sup>(c)</sup><br>|
|  | 1016278 | Series 2024-8, Class A2, 5.62%, due 10/25/2069 | &nbsp;&nbsp; 1015639<br> <sup>(c)</sup><br>|
|  | 5255000 | Series 2024-8, Class M1, 5.99%, due 10/25/2069 | &nbsp;&nbsp; 5213163<br> <sup>(c)(d)</sup><br>|
|  | 3111000 | Series 2025-3, Class M1, 6.65%, due 5/25/2070 | &nbsp;&nbsp; 3121722<br> <sup>(c)(d)</sup><br>|
|  |  |  | &nbsp;&nbsp; **851687781** |
| **Commercial Mortgage-Backed 8.6%** | **Commercial Mortgage-Backed 8.6%** | **Commercial Mortgage-Backed 8.6%** | **Commercial Mortgage-Backed 8.6%** |
|  | 6290000 | 1211 Avenue of the Americas Trust, Series 2015-1211, Class B, 4.23%, due 8/10/2035 | &nbsp;&nbsp; 5991854<br> <sup>(c)(d)</sup><br>|
|  | 6800000 | &nbsp;&nbsp; BAMLL Trust, Series 2024-BHP, Class B, (1 mo. USD Term SOFR + 2.90%), 7.22%, due <br> 8/15/2039<br>| &nbsp;&nbsp; 6798645<br> <sup>(c)(f)</sup><br>|
|  |  | BANK |  |
|  | 5302000 | Series 2019-BN17, Class C, 4.66%, due 4/15/2052 | &nbsp;&nbsp; 4921498<br> <sup>(d)</sup><br>|
|  | 1376000 | Series 2021-BN38, Class C, 3.33%, due 12/15/2064 | &nbsp;&nbsp; 1108483<br> <sup>(d)</sup><br>|
|  |  | BANK5 |  |
|  | 2647000 | Series 2024-5YR5, Class B, 6.54%, due 2/15/2029 | &nbsp;&nbsp; 2711480<br> <sup>(d)</sup><br>|
|  | 2138000 | Series 2023-5YR3, Class C, 7.56%, due 9/15/2056 | &nbsp;&nbsp; 2203175<br> <sup>(d)</sup><br>|
|  | 1700000 | Series 2024-5YR7, Class D, 4.00%, due 6/15/2057 | &nbsp;&nbsp; 1495467<br> <sup>(c)</sup><br>|
|  | 3843000 | Series 2024-5YR7, Class B, 6.94%, due 6/15/2057 | &nbsp;&nbsp; 4018717 |
|  | 3039000 | Series 2024-5YR12, Class C, 6.50%, due 12/15/2057 | &nbsp;&nbsp; 3075258<br> <sup>(d)</sup><br>|
|  | 3236000 | Barclays Commercial Mortgage Trust, Series 2019-C5, Class C, 3.71%, due 11/15/2052 | &nbsp;&nbsp; 2820931 |
|  |  | BBCMS Mortgage Trust |  |
|  | 2570000 | Series 2018-TALL, Class A, (1 mo. USD Term SOFR + 0.92%), 5.24%, due 3/15/2037 | &nbsp;&nbsp; 2419021<br> <sup>(c)(f)</sup><br>|
|  | 3623000 | Series 2018-TALL, Class B, (1 mo. USD Term SOFR + 1.17%), 5.49%, due 3/15/2037 | &nbsp;&nbsp; 3284968<br> <sup>(c)(f)</sup><br>|
|  | 92194438 | Series 2021-C11, Class XA, 1.47%, due 9/15/2054 | &nbsp;&nbsp; 5398584<br> <sup>(d)(e)</sup><br>|
|  | 32879097 | Series 2022-C17, Class XA, 1.32%, due 9/15/2055 | &nbsp;&nbsp; 2282421<br> <sup>(d)(e)</sup><br>|
|  | 2167000 | Series 2024-5C31, Class C, 5.76%, due 12/15/2057 | &nbsp;&nbsp; 2110001<br> <sup>(d)</sup><br>|
|  |  | Benchmark Mortgage Trust |  |
|  | 1600000 | Series 2020-B16, Class C, 3.52%, due 2/15/2053 | &nbsp;&nbsp; 1279790<br> <sup>(d)</sup><br>|
|  | 257000 | Series 2020-B17, Class B, 2.92%, due 3/15/2053 | &nbsp;&nbsp; 217164 |
|  | 2709000 | Series 2020-B17, Class C, 3.37%, due 3/15/2053 | &nbsp;&nbsp; 2058739<br> <sup>(d)</sup><br>|
|  | 46971963 | Series 2021-B30, Class XA, 0.91%, due 11/15/2054 | &nbsp;&nbsp; 1927419<br> <sup>(d)(e)</sup><br>|
|  | 6658000 | Series 2024-V7, Class B, 7.08%, due 5/15/2056 | &nbsp;&nbsp; 7065936<br> <sup>(d)</sup><br>|
|  | 2077000 | Series 2023-B40, Class C, 7.66%, due 12/15/2056 | &nbsp;&nbsp; 2166716<br> <sup>(d)</sup><br>|
|  | 1509000 | Series 2024-V5, Class C, 7.20%, due 1/10/2057 | &nbsp;&nbsp; 1535290<br> <sup>(d)</sup><br>|
|  | 1759000 | Series 2024-V6, Class D, 4.00%, due 3/15/2057 | &nbsp;&nbsp; 1501329 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $2222000 | Series 2024-V6, Class C, 6.67%, due 3/15/2057 | &nbsp;&nbsp; $2239934 |
| 7358000 | Series 2024-V8, Class B, 7.18%, due 7/15/2057 | &nbsp;&nbsp; 7735274<br> <sup>(d)</sup><br>|
|  | BLP Commercial Mortgage Trust |  |
| 15312000 | Series 2025-IND, Class A, (1 mo. USD Term SOFR + 1.20%), 5.52%, due 3/15/2042 | &nbsp;&nbsp; 15032003<br> <sup>(c)(f)</sup><br>|
| 1832000 | Series 2025-IND, Class C, (1 mo. USD Term SOFR + 1.80%), 6.12%, due 3/15/2042 | &nbsp;&nbsp; 1767453<br> <sup>(c)(f)</sup><br>|
|  | BMO Mortgage Trust |  |
| 1346000 | Series 2024-5C3, Class B, 6.56%, due 2/15/2057 | &nbsp;&nbsp; 1390068<br> <sup>(d)</sup><br>|
| 2250000 | Series 2024-5C3, Class C, 7.09%, due 2/15/2057 | &nbsp;&nbsp; 2250068<br> <sup>(d)</sup><br>|
| 1305000 | Series 2024-5C8, Class C, 5.74%, due 12/15/2057 | &nbsp;&nbsp; 1293876<br> <sup>(d)</sup><br>|
| 1875000 | Series 2025-5C10, Class D, 4.50%, due 5/15/2058 | &nbsp;&nbsp; 1566181<br> <sup>(c)(g)</sup><br>|
|  | BPR Trust |  |
| 1390000 | Series 2022-OANA, Class C, (1 mo. USD Term SOFR + 2.70%), 7.02%, due 4/15/2037 | &nbsp;&nbsp; 1384772<br> <sup>(c)(f)</sup><br>|
| 8314452 | Series 2022-OANA, Class D, (1 mo. USD Term SOFR + 3.70%), 8.02%, due 4/15/2037 | &nbsp;&nbsp; 8231235<br> <sup>(c)(f)</sup><br>|
| 1928113 | BWAY Mortgage Trust, Series 2013-1515, Class A2, 3.45%, due 3/10/2033 | &nbsp;&nbsp; 1836554<br> <sup>(c)</sup><br>|
|  | BX Commercial Mortgage Trust |  |
| 4984382 | Series 2024-KING, Class C, (1 mo. USD Term SOFR + 1.94%), 6.26%, due 5/15/2034 | &nbsp;&nbsp; 4897155<br> <sup>(c)(f)</sup><br>|
| 5704896 | Series 2024-KING, Class D, (1 mo. USD Term SOFR + 2.49%), 6.81%, due 5/15/2034 | &nbsp;&nbsp; 5587233<br> <sup>(c)(f)</sup><br>|
| 1000000 | Series 2021-VOLT, Class A, (1 mo. USD Term SOFR + 0.81%), 5.14%, due 9/15/2036 | &nbsp;&nbsp; 990625<br> <sup>(c)(f)</sup><br>|
| 2106637 | Series 2021-VOLT, Class D, (1 mo. USD Term SOFR + 1.76%), 6.09%, due 9/15/2036 | &nbsp;&nbsp; 2075037<br> <sup>(c)(f)</sup><br>|
| 3571000 | Series 2021-VOLT, Class E, (1 mo. USD Term SOFR + 2.11%), 6.44%, due 9/15/2036 | &nbsp;&nbsp; 3512971<br> <sup>(c)(f)</sup><br>|
| 9788000 | Series 2021-VOLT, Class F, (1 mo. USD Term SOFR + 2.51%), 6.84%, due 9/15/2036 | &nbsp;&nbsp; 9584589<br> <sup>(c)(f)</sup><br>|
| 425904 | Series 2024-MF, Class C, (1 mo. USD Term SOFR + 1.94%), 6.26%, due 2/15/2039 | &nbsp;&nbsp; 424573<br> <sup>(c)(f)</sup><br>|
| 2470848 | Series 2024-XL4, Class C, (1 mo. USD Term SOFR + 2.19%), 6.51%, due 2/15/2039 | &nbsp;&nbsp; 2463127<br> <sup>(c)(f)</sup><br>|
| 7161556 | Series 2024-MF, Class D, (1 mo. USD Term SOFR + 2.69%), 7.01%, due 2/15/2039 | &nbsp;&nbsp; 7130225<br> <sup>(c)(f)</sup><br>|
| 2040625 | Series 2023-XL3, Class D, (1 mo. USD Term SOFR + 3.59%), 7.91%, due 12/9/2040 | &nbsp;&nbsp; 2041263<br> <sup>(c)(f)</sup><br>|
| 6822509 | Series 2024-XL5, Class D, (1 mo. USD Term SOFR + 2.69%), 7.01%, due 3/15/2041 | &nbsp;&nbsp; 6732963<br> <sup>(c)(f)</sup><br>|
| 1000000 | Series 2024-GPA2, Class A, (1 mo. USD Term SOFR + 1.54%), 5.86%, due 11/15/2041 | &nbsp;&nbsp; 999688<br> <sup>(c)(f)</sup><br>|
| 7230000 | Series 2024-GPA2, Class C, (1 mo. USD Term SOFR + 2.19%), 6.51%, due 11/15/2041 | &nbsp;&nbsp; 7211925<br> <sup>(c)(f)</sup><br>|
|  | BX Trust |  |
| 9937000 | Series 2024-VLT4, Class E, (1 mo. USD Term SOFR + 2.89%), 7.21%, due 7/15/2029 | &nbsp;&nbsp; 9539122<br> <sup>(c)(f)</sup><br>|
| 1000000 | Series 2025-ROIC, Class A, (1 mo. USD Term SOFR + 1.14%), 5.47%, due 3/15/2030 | &nbsp;&nbsp; 980484<br> <sup>(c)(f)</sup><br>|
| 13514000 | Series 2025-ROIC, Class D, (1 mo. USD Term SOFR + 1.99%), 6.31%, due 3/15/2030 | &nbsp;&nbsp; 13024590<br> <sup>(c)(f)</sup><br>|
| 793182 | Series 2021-LBA, Class AV, (1 mo. USD Term SOFR + 0.91%), 5.24%, due 2/15/2036 | &nbsp;&nbsp; 786242<br> <sup>(c)(f)</sup><br>|
| 9726000 | Series 2024-BIO, Class C, (1 mo. USD Term SOFR + 2.64%), 6.96%, due 2/15/2041 | &nbsp;&nbsp; 9555795<br> <sup>(c)(f)</sup><br>|
| 1320000 | Series 2019-OC11, Class C, 3.86%, due 12/9/2041 | &nbsp;&nbsp; 1234342<br> <sup>(c)</sup><br>|
| 5000000 | Series 2019-OC11, Class E, 4.08%, due 12/9/2041 | &nbsp;&nbsp; 4508281<br> <sup>(c)(d)</sup><br>|
| 7600000 | BXP Trust, Series 2017-GM, Class C, 3.54%, due 6/13/2039 | &nbsp;&nbsp; 7207370<br> <sup>(c)(d)</sup><br>|
|  | CAMB Commercial Mortgage Trust |  |
| 2374000 | Series 2019-LIFE, Class D, (1 mo. USD Term SOFR + 2.05%), 6.37%, due 12/15/2037 | &nbsp;&nbsp; 2360646<br> <sup>(c)(f)</sup><br>|
| 4530000 | Series 2019-LIFE, Class F, (1 mo. USD Term SOFR + 2.85%), 7.17%, due 12/15/2037 | &nbsp;&nbsp; 4481983<br> <sup>(c)(f)</sup><br>|
|  | CHI Commercial Mortgage Trust |  |
| 4092000 | Series 2025-SFT, Class B, 6.07%, due 4/15/2042 | &nbsp;&nbsp; 4094040<br> <sup>(c)(d)</sup><br>|
| 1835000 | Series 2025-SFT, Class C, 6.82%, due 4/15/2042 | &nbsp;&nbsp; 1843462<br> <sup>(c)(d)</sup><br>|
|  | Citigroup Commercial Mortgage Trust |  |
| 2425000 | Series 2023-PRM3, Class C, 6.57%, due 7/10/2028 | &nbsp;&nbsp; 2479398<br> <sup>(c)(d)</sup><br>|
| 2776000 | Series 2023-SMRT, Class C, 6.05%, due 10/12/2040 | &nbsp;&nbsp; 2800818<br> <sup>(c)(d)</sup><br>|
| 1843000 | Series 2017-P8, Class C, 4.40%, due 9/15/2050 | &nbsp;&nbsp; 1612949<br> <sup>(d)</sup><br>|
|  | COMM Mortgage Trust |  |
| 3733000 | Series 2024-CBM, Class D, 8.19%, due 12/10/2041 | &nbsp;&nbsp; 3752036<br> <sup>(c)(d)</sup><br>|
| 5507000 | Series 2024-277P, Class B, 7.23%, due 8/10/2044 | &nbsp;&nbsp; 5842609<br> <sup>(c)(d)</sup><br>|
| 1795405 | Series 2014-UBS3, Class XA, 0.77%, due 6/10/2047 | &nbsp;&nbsp; 29<br> <sup>(d)(e)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  | CONE Trust |  |
| $3816000 | Series 2024-DFW1, Class A, (1 mo. USD Term SOFR + 1.64%), 5.96%, due 8/15/2041 | &nbsp;&nbsp; $3796903<br> <sup>(c)(f)</sup><br>|
| 2900000 | Series 2024-DFW1, Class D, (1 mo. USD Term SOFR + 3.04%), 7.36%, due 8/15/2041 | &nbsp;&nbsp; 2871171<br> <sup>(c)(f)</sup><br>|
| 8610663 | CSAIL Commercial Mortgage Trust, Series 2015-C2, Class XA, 0.70%, due 6/15/2057 | &nbsp;&nbsp; 91<br> <sup>(d)(e)</sup><br>|
|  | Eleven Madison Trust Mortgage Trust |  |
| 5646000 | Series 2015-11MD, Class A, 3.67%, due 9/10/2035 | &nbsp;&nbsp; 5583473<br> <sup>(c)(d)</sup><br>|
| 2433000 | Series 2015-11MD, Class D, 3.67%, due 9/10/2035 | &nbsp;&nbsp; 2370126<br> <sup>(c)(d)</sup><br>|
|  | ELM Trust |  |
| 6141000 | Series 2024-ELM, Class D10, 6.85%, due 6/10/2039 | &nbsp;&nbsp; 6178754<br> <sup>(c)(d)</sup><br>|
| 3950000 | Series 2024-ELM, Class D15, 6.90%, due 6/10/2039 | &nbsp;&nbsp; 3974255<br> <sup>(c)(d)</sup><br>|
|  | Fashion Show Mall LLC |  |
| 3641000 | Series 2024-SHOW, Class B, 5.83%, due 10/10/2041 | &nbsp;&nbsp; 3685103<br> <sup>(c)(d)</sup><br>|
| 2403000 | Series 2024-SHOW, Class C, 6.28%, due 10/10/2041 | &nbsp;&nbsp; 2409758<br> <sup>(c)(d)</sup><br>|
|  | Federal Home Loan Mortgage Corp. Multiclass Certificates |  |
| 61820000 | Series 2020-RR03, Class X1, 1.71%, due 7/27/2028 | &nbsp;&nbsp; 2799853<br> <sup>(e)</sup><br>|
| 27400000 | Series 2020-RR02, Class DX, 1.82%, due 9/27/2028 | &nbsp;&nbsp; 1397926<br> <sup>(d)(e)</sup><br>|
| 65436000 | Series 2020-RR04, Class X, 2.13%, due 2/27/2029 | &nbsp;&nbsp; 4017803<br> <sup>(d)(e)</sup><br>|
| 18835000 | Series 2020-RR02, Class CX, 1.27%, due 3/27/2029 | &nbsp;&nbsp; 772007<br> <sup>(d)(e)</sup><br>|
| 2930743 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk, <br> Series 2024-MN8, Class M1, (30 day USD SOFR Average + 2.85%), 7.20%, due <br> 5/25/2044<br>| &nbsp;&nbsp; 2961783<br> <sup>(c)(f)</sup><br>|
|  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates |  |
| 70984000 | Series K083, Class XAM, 0.19%, due 10/25/2028 | &nbsp;&nbsp; 243511<br> <sup>(d)(e)</sup><br>|
| 77922000 | Series K085, Class XAM, 0.20%, due 10/25/2028 | &nbsp;&nbsp; 264810<br> <sup>(d)(e)</sup><br>|
| 4982000 | &nbsp;&nbsp; Great Wolf Trust, Series 2024-WOLF, Class D, (1 mo. USD Term SOFR + 2.89%), 7.21%, <br> due 3/15/2039<br>| &nbsp;&nbsp; 4958647<br> <sup>(c)(f)</sup><br>|
|  | GS Mortgage Securities Trust |  |
| 24318 | Series 2011-GC5, Class XA, 0.09%, due 8/10/2044 | &nbsp;&nbsp; 16<br> <sup>(c)(d)(e)</sup><br>|
| 2028000 | Series 2015-GS1, Class AS, 4.04%, due 11/10/2048 | &nbsp;&nbsp; 1964734<br> <sup>(d)</sup><br>|
| 3237000 | Series 2016-GS2, Class C, 4.85%, due 5/10/2049 | &nbsp;&nbsp; 3111388<br> <sup>(d)</sup><br>|
| 12261841 | Series 2015-GC30, Class XA, 0.66%, due 5/10/2050 | &nbsp;&nbsp; 135<br> <sup>(d)(e)</sup><br>|
| 2360000 | Series 2019-GC42, Class B, 3.36%, due 9/10/2052 | &nbsp;&nbsp; 2110635 |
| 3284000 | Series 2019-GC42, Class C, 3.82%, due 9/10/2052 | &nbsp;&nbsp; 2795264<br> <sup>(d)</sup><br>|
| 1222000 | &nbsp;&nbsp; GWT Trust, Series 2024-WLF2, Class A, (1 mo. USD Term SOFR + 1.69%), 6.01%, due <br> 5/15/2041<br>| &nbsp;&nbsp; 1221618<br> <sup>(c)(f)</sup><br>|
|  | Hilton USA Trust |  |
| 1534500 | Series 2016-HHV, Class C, 4.33%, due 11/5/2038 | &nbsp;&nbsp; 1503876<br> <sup>(c)(d)</sup><br>|
| 3000000 | Series 2016-HHV, Class E, 4.33%, due 11/5/2038 | &nbsp;&nbsp; 2876002<br> <sup>(c)(d)</sup><br>|
| 1000000 | Series 2016-HHV, Class B, 4.33%, due 11/5/2038 | &nbsp;&nbsp; 983833<br> <sup>(c)(d)</sup><br>|
|  | Hudson Yards Mortgage Trust |  |
| 1035000 | Series 2016-10HY, Class A, 2.84%, due 8/10/2038 | &nbsp;&nbsp; 1006039<br> <sup>(c)</sup><br>|
| 2691058 | Series 2016-10HY, Class C, 3.08%, due 8/10/2038 | &nbsp;&nbsp; 2601603<br> <sup>(c)(d)</sup><br>|
| 2846000 | Series 2025-SPRL, Class C, 6.15%, due 1/13/2040 | &nbsp;&nbsp; 2923633<br> <sup>(c)(d)</sup><br>|
| 2357000 | Series 2025-SPRL, Class D, 6.55%, due 1/13/2040 | &nbsp;&nbsp; 2425441<br> <sup>(c)(d)</sup><br>|
| 1366000 | Series 2025-SPRL, Class E, 6.90%, due 1/13/2040 | &nbsp;&nbsp; 1394281<br> <sup>(c)(d)</sup><br>|
| 18120000 | &nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR + 2.25%), <br> 6.57%, due 3/15/2042<br>| &nbsp;&nbsp; 17734950<br> <sup>(c)(f)</sup><br>|
| 8722000 | IRV Trust, Series 2025-200P, Class C, 5.92%, due 3/14/2047 | &nbsp;&nbsp; 8608618<br> <sup>(c)(d)</sup><br>|
|  | JP Morgan Chase Commercial Mortgage Securities Trust |  |
| 800000 | Series 2016-NINE, Class A, 2.95%, due 9/6/2038 | &nbsp;&nbsp; 777653<br> <sup>(c)(d)</sup><br>|
| 6038000 | Series 2022-OPO, Class D, 3.56%, due 1/5/2039 | &nbsp;&nbsp; 4948633<br> <sup>(c)(d)</sup><br>|
| 346000 | Series 2022-OPO, Class C, 3.56%, due 1/5/2039 | &nbsp;&nbsp; 292467<br> <sup>(c)(d)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  | Manhattan West Mortgage Trust |  |
| $7703000 | Series 2020-1MW, Class D, 2.41%, due 9/10/2039 | &nbsp;&nbsp; $7081849<br> <sup>(c)(d)</sup><br>|
| 6402000 | Series 2020-1MW, Class C, 2.41%, due 9/10/2039 | &nbsp;&nbsp; 5951801<br> <sup>(c)(d)</sup><br>|
| 4677000 | &nbsp;&nbsp; MED Commercial Mortgage Trust, Series 2024-MOB, Class C, (1 mo. USD Term SOFR + <br> 2.29%), 6.61%, due 5/15/2041<br>| &nbsp;&nbsp; 4594165<br> <sup>(c)(f)</sup><br>|
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |
| 2614000 | Series 2017-C33, Class C, 4.56%, due 5/15/2050 | &nbsp;&nbsp; 2493266<br> <sup>(d)</sup><br>|
| 5156000 | Series 2025-5C1, Class C, 6.86%, due 3/15/2058 | &nbsp;&nbsp; 5218257<br> <sup>(d)</sup><br>|
|  | Morgan Stanley Capital I Trust |  |
| 3130000 | Series 2021-230P, Class B, (1 mo. USD Term SOFR + 1.56%), 5.89%, due 12/15/2038 | &nbsp;&nbsp; 2917399<br> <sup>(c)(f)</sup><br>|
| 1291000 | Series 2017-H1, Class B, 4.08%, due 6/15/2050 | &nbsp;&nbsp; 1231058 |
| 2504550 | Series 2017-H1, Class C, 4.28%, due 6/15/2050 | &nbsp;&nbsp; 2328893<br> <sup>(d)</sup><br>|
| 4767000 | Series 2018-L1, Class AS, 4.64%, due 10/15/2051 | &nbsp;&nbsp; 4668821<br> <sup>(d)</sup><br>|
| 2136000 | Series 2018-H4, Class C, 5.22%, due 12/15/2051 | &nbsp;&nbsp; 1947495<br> <sup>(d)</sup><br>|
|  | MSWF Commercial Mortgage Trust |  |
| 2302000 | Series 2023-1, Class C, 6.91%, due 5/15/2056 | &nbsp;&nbsp; 2323276<br> <sup>(d)</sup><br>|
| 1812000 | Series 2023-2, Class C, 7.25%, due 12/15/2056 | &nbsp;&nbsp; 1853731<br> <sup>(d)</sup><br>|
| 2420000 | NXPT Commercial Mortgage Trust, Series 2024-STOR, Class C, 5.15%, due 11/5/2041 | &nbsp;&nbsp; 2374161<br> <sup>(c)(d)</sup><br>|
| 1330000 | NY Commercial Mortgage Trust, Series 2025-299P, Class C, 6.38%, due 2/10/2047 | &nbsp;&nbsp; 1319414<br> <sup>(c)(d)</sup><br>|
|  | NYC Commercial Mortgage Trust |  |
| 1002000 | Series 2025-3BP, Class A, (1 mo. USD Term SOFR + 1.21%), 5.53%, due 2/15/2042 | &nbsp;&nbsp; 991463<br> <sup>(c)(f)</sup><br>|
| 4651000 | Series 2025-3BP, Class C, (1 mo. USD Term SOFR + 1.89%), 6.21%, due 2/15/2042 | &nbsp;&nbsp; 4511470<br> <sup>(c)(f)</sup><br>|
| 5166000 | Series 2025-3BP, Class D, (1 mo. USD Term SOFR + 2.44%), 6.76%, due 2/15/2042 | &nbsp;&nbsp; 4997801<br> <sup>(c)(f)</sup><br>|
|  | One Market Plaza Trust |  |
| 1296545 | Series 2017-1MKT, Class A, 3.61%, due 2/10/2032 | &nbsp;&nbsp; 1222676<br> <sup>(c)</sup><br>|
| 2585000 | Series 2017-1MKT, Class B, 3.85%, due 2/10/2032 | &nbsp;&nbsp; 2373668<br> <sup>(c)</sup><br>|
| 2807000 | Series 2017-1MKT, Class C, 4.02%, due 2/10/2032 | &nbsp;&nbsp; 2513904<br> <sup>(c)</sup><br>|
|  | ONE Mortgage Trust |  |
| 1537000 | Series 2021-PARK, Class D, (1 mo. USD Term SOFR + 1.61%), 5.94%, due 3/15/2036 | &nbsp;&nbsp; 1421994<br> <sup>(c)(f)</sup><br>|
| 4391000 | Series 2021-PARK, Class E, (1 mo. USD Term SOFR + 1.86%), 6.19%, due 3/15/2036 | &nbsp;&nbsp; 4019687<br> <sup>(c)(f)</sup><br>|
| 6725000 | ONNI Commercial Mortgage Trust, Series 2024-APT, Class C, 6.64%, due 7/15/2039 | &nbsp;&nbsp; 6940917<br> <sup>(c)(d)</sup><br>|
| 1732952 | &nbsp;&nbsp; OPEN Trust, Series 2023-AIR, Class A, (1 mo. USD Term SOFR + 3.09%), 7.41%, due <br> 11/15/2040<br>| &nbsp;&nbsp; 1731869<br> <sup>(c)(f)</sup><br>|
|  | ORL Trust |  |
| 1000000 | Series 2024-GLKS, Class A, (1 mo. USD Term SOFR + 1.49%), 5.81%, due 12/15/2039 | &nbsp;&nbsp; 993750<br> <sup>(c)(f)</sup><br>|
| 5189000 | Series 2024-GLKS, Class D, (1 mo. USD Term SOFR + 2.79%), 7.11%, due 12/15/2039 | &nbsp;&nbsp; 5130624<br> <sup>(c)(f)</sup><br>|
| 14793000 | ROCK Trust, Series 2024-CNTR, Class D, 7.11%, due 11/13/2041 | &nbsp;&nbsp; 15430800<br> <sup>(c)</sup><br>|
| 9192000 | &nbsp;&nbsp; SDAL Trust, Series 2025-DAL, Class C, (1 mo. USD Term SOFR + 3.94%), 8.24%, due <br> 4/15/2042<br>| &nbsp;&nbsp; 9177574<br> <sup>(c)(f)</sup><br>|
|  | SFO Commercial Mortgage Trust |  |
| 6834000 | Series 2021-555, Class A, (1 mo. USD Term SOFR + 1.26%), 5.59%, due 5/15/2038 | &nbsp;&nbsp; 6735761<br> <sup>(c)(f)</sup><br>|
| 4440000 | Series 2021-555, Class B, (1 mo. USD Term SOFR + 1.61%), 5.94%, due 5/15/2038 | &nbsp;&nbsp; 4273500<br> <sup>(c)(f)</sup><br>|
| 1651000 | Series 2021-555, Class C, (1 mo. USD Term SOFR + 1.91%), 6.24%, due 5/15/2038 | &nbsp;&nbsp; 1580833<br> <sup>(c)(f)</sup><br>|
| 2473000 | Series 2021-555, Class D, (1 mo. USD Term SOFR + 2.51%), 6.84%, due 5/15/2038 | &nbsp;&nbsp; 2361771<br> <sup>(c)(f)</sup><br>|
|  | TCO Commercial Mortgage Trust |  |
| 8640000 | Series 2024-DPM, Class B, (1 mo. USD Term SOFR + 1.59%), 5.91%, due 12/15/2039 | &nbsp;&nbsp; 8553600<br> <sup>(c)(f)</sup><br>|
| 3121000 | Series 2024-DPM, Class C, (1 mo. USD Term SOFR + 1.99%), 6.31%, due 12/15/2039 | &nbsp;&nbsp; 3034308<br> <sup>(c)(f)</sup><br>|
| 3369000 | &nbsp;&nbsp; TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class A, (1 mo. USD Term SOFR + <br> 1.29%), 5.61%, due 4/15/2042<br>| &nbsp;&nbsp; 3327625<br> <sup>(c)(f)</sup><br>|
| 9331000 | &nbsp;&nbsp; TRTX Issuer Ltd., Series 2025-FL6, Class A, (1 mo. USD Term SOFR + 1.54%), 5.87%, <br> due 9/18/2042<br>| &nbsp;&nbsp; 9237597<br> <sup>(c)(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  |  | U.S. Bank NA |  |
| $| 5893231 | &nbsp;&nbsp; Series 2025-SUP1, Class C, (30 day USD SOFR Average + 1.90%), 6.25%, due <br> 2/25/2032<br>| &nbsp;&nbsp; $5905144<br> <sup>(c)(f)</sup><br>|
|  | 4418753 | &nbsp;&nbsp; Series 2025-SUP1, Class D, (30 day USD SOFR Average + 2.70%), 7.05%, due <br> 2/25/2032<br>| &nbsp;&nbsp; 4430330<br> <sup>(c)(f)</sup><br>|
|  |  | Wells Fargo Commercial Mortgage Trust |  |
|  | 3709000 | Series 2024-1CHI, Class C, 6.43%, due 7/15/2035 | &nbsp;&nbsp; 3711748<br> <sup>(c)(d)</sup><br>|
|  | 2914000 | Series 2024-1CHI, Class D, 6.93%, due 7/15/2035 | &nbsp;&nbsp; 2891797<br> <sup>(c)(d)</sup><br>|
|  | 1730000 | Series 2016-NXS6, Class C, 4.54%, due 11/15/2049 | &nbsp;&nbsp; 1648115<br> <sup>(d)</sup><br>|
|  | 5525000 | Series 2017-C39, Class C, 4.12%, due 9/15/2050 | &nbsp;&nbsp; 5084599 |
|  | 5086000 | Series 2025-5C3, Class C, 6.23%, due 1/15/2058 | &nbsp;&nbsp; 5054579<br> <sup>(d)</sup><br>|
|  |  | WF-RBS Commercial Mortgage Trust |  |
|  | 102868000 | Series 2013-C14, Class XB, 0.10%, due 6/15/2046 | &nbsp;&nbsp; 1029<br> <sup>(d)(e)</sup><br>|
|  | 1659872 | Series 2014-C22, Class XA, 0.39%, due 9/15/2057 | &nbsp;&nbsp; 327<br> <sup>(d)(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **526037113** |
| **Federal Home Loan Mortgage Corp. 3.8%** | **Federal Home Loan Mortgage Corp. 3.8%** | **Federal Home Loan Mortgage Corp. 3.8%** | **Federal Home Loan Mortgage Corp. 3.8%** |
|  |  | Pass-Through Certificates |  |
|  | 12874206 | 2.50%, due 9/1/2051 - 4/1/2052 | &nbsp;&nbsp; 10756010 |
|  | 23533790 | 3.00%, due 11/1/2050 - 8/1/2052 | &nbsp;&nbsp; 20494266 |
|  | 16030808 | 3.50%, due 6/1/2052 - 7/1/2052 | &nbsp;&nbsp; 14508409 |
|  | 13128265 | 4.00%, due 9/1/2052 | &nbsp;&nbsp; 12280186 |
|  | 10228973 | 4.50%, due 8/1/2052 - 1/1/2054 | &nbsp;&nbsp; 9795717 |
|  | 36307018 | 5.00%, due 10/1/2052 - 5/1/2053 | &nbsp;&nbsp; 35642162 |
|  | 54972045 | 5.50%, due 11/1/2052 - 10/1/2054 | &nbsp;&nbsp; 55081675 |
|  | 75037978 | 6.00%, due 12/1/2052 - 5/1/2054 | &nbsp;&nbsp; 76410680 |
|  |  |  | &nbsp;&nbsp; **234969105** |
| **Federal National Mortgage Association 6.2%** | **Federal National Mortgage Association 6.2%** | **Federal National Mortgage Association 6.2%** | **Federal National Mortgage Association 6.2%** |
|  |  | Pass-Through Certificates |  |
|  | 25142310 | 2.50%, due 1/1/2052 - 4/1/2052 | &nbsp;&nbsp; 21028186 |
|  | 62330711 | 3.00%, due 6/1/2050 - 7/1/2052 | &nbsp;&nbsp; 54273330 |
|  | 46061221 | 3.50%, due 8/1/2051 - 7/1/2052 | &nbsp;&nbsp; 41787292 |
|  | 13938400 | 4.00%, due 2/1/2052 - 6/1/2052 | &nbsp;&nbsp; 13028864 |
|  | 39124298 | 4.50%, due 7/1/2052 - 8/1/2053 | &nbsp;&nbsp; 37483914 |
|  | 41103505 | 5.00%, due 8/1/2052 - 4/1/2053 | &nbsp;&nbsp; 40404160 |
|  | 67577066 | 5.50%, due 12/1/2052 - 1/1/2055 | &nbsp;&nbsp; 67744048 |
|  | 103992650 | 6.00%, due 1/1/2053 - 8/1/2054 | &nbsp;&nbsp; 105918942 |
|  |  |  | &nbsp;&nbsp; **381668736** |
| **Government National Mortgage Association 2.5%** | **Government National Mortgage Association 2.5%** | **Government National Mortgage Association 2.5%** | **Government National Mortgage Association 2.5%** |
|  |  | Pass-Through Certificates |  |
|  | 220 | 7.00%, due 8/15/2032 | &nbsp;&nbsp; 232 |
|  | 67375000 | 5.00%, TBA, 30 Year Maturity | &nbsp;&nbsp; 66084647<br> <sup>(h)</sup><br>|
|  | 71175000 | 5.50%, TBA, 30 Year Maturity | &nbsp;&nbsp; 71136908<br> <sup>(h)</sup><br>|
|  | 15665000 | 6.00%, TBA, 30 Year Maturity | &nbsp;&nbsp; 15843067<br> <sup>(h)</sup><br>|
|  |  |  | &nbsp;&nbsp; **153064854** |
| **Uniform Mortgage-Backed Securities 16.7%** | **Uniform Mortgage-Backed Securities 16.7%** | **Uniform Mortgage-Backed Securities 16.7%** | **Uniform Mortgage-Backed Securities 16.7%** |
|  |  | Pass-Through Certificates |  |
|  | 145485000 | 2.50%, TBA, 30 Year Maturity | &nbsp;&nbsp; 120922880<br> <sup>(h)</sup><br>|
|  | 68085000 | 3.50%, TBA, 30 Year Maturity | &nbsp;&nbsp; 61439065<br> <sup>(h)</sup><br>|
|  | 191690000 | 4.00%, TBA, 30 Year Maturity | &nbsp;&nbsp; 178625167<br> <sup>(h)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Uniform Mortgage-Backed Securities – cont'd** | **Uniform Mortgage-Backed Securities – cont'd** | **Uniform Mortgage-Backed Securities – cont'd** | **Uniform Mortgage-Backed Securities – cont'd** |
| $| 120095000 | 4.50%, TBA, 30 Year Maturity | &nbsp;&nbsp; $114840881<br> <sup>(h)</sup><br>|
|  | 113635000 | 5.00%, TBA, 30 Year Maturity | &nbsp;&nbsp; 111227781<br> <sup>(h)</sup><br>|
|  | 206170000 | 5.50%, TBA, 30 Year Maturity | &nbsp;&nbsp; 205724924<br> <sup>(h)</sup><br>|
|  | 224725000 | 6.00%, TBA, 30 Year Maturity | &nbsp;&nbsp; 227963552<br> <sup>(h)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1020744250** |
| **Total Mortgage-Backed Securities (Cost $3,200,770,800)** | **Total Mortgage-Backed Securities (Cost $3,200,770,800)** | **Total Mortgage-Backed Securities (Cost $3,200,770,800)** | &nbsp;&nbsp; **3168171839** |
| **Asset-Backed Securities 10.5%** | **Asset-Backed Securities 10.5%** | **Asset-Backed Securities 10.5%** | **Asset-Backed Securities 10.5%** |
| **Automobiles 1.7%** | **Automobiles 1.7%** | **Automobiles 1.7%** | **Automobiles 1.7%** |
|  |  | Ally Bank Auto Credit-Linked Notes |  |
|  | 1214933 | Series 2024-A, Class C, 6.02%, due 5/17/2032 | &nbsp;&nbsp; 1230440<br> <sup>(c)</sup><br>|
|  | 595752 | Series 2024-A, Class D, 6.32%, due 5/17/2032 | &nbsp;&nbsp; 601816<br> <sup>(c)</sup><br>|
|  | 1807338 | Series 2024-A, Class E, 7.92%, due 5/17/2032 | &nbsp;&nbsp; 1828737<br> <sup>(c)</sup><br>|
|  | 628241 | Series 2024-B, Class C, 5.22%, due 9/15/2032 | &nbsp;&nbsp; 629855<br> <sup>(c)</sup><br>|
|  | 2649888 | Series 2024-B, Class E, 6.68%, due 9/15/2032 | &nbsp;&nbsp; 2650850<br> <sup>(c)</sup><br>|
|  |  | Avis Budget Rental Car Funding AESOP LLC |  |
|  | 2220000 | Series 2022-5A, Class C, 6.24%, due 4/20/2027 | &nbsp;&nbsp; 2223129<br> <sup>(c)</sup><br>|
|  | 3423000 | Series 2023-1A, Class C, 6.23%, due 4/20/2029 | &nbsp;&nbsp; 3463409<br> <sup>(c)</sup><br>|
|  | 3130000 | Series 2023-8A, Class B, 6.66%, due 2/20/2030 | &nbsp;&nbsp; 3254112<br> <sup>(c)</sup><br>|
|  | 3636000 | Series 2024-1A, Class C, 6.48%, due 6/20/2030 | &nbsp;&nbsp; 3694205<br> <sup>(c)</sup><br>|
|  | 1878036 | &nbsp;&nbsp; Bayview Opportunity Master Fund VII LLC, Series 2024-CAR1, Class C, (30 day USD SOFR <br> Average + 1.50%), 5.85%, due 12/26/2031<br>| &nbsp;&nbsp; 1879996<br> <sup>(c)(f)</sup><br>|
|  | 524189 | &nbsp;&nbsp; BMW Vehicle Lease Trust, Series 2024-2, Class A2B, (30 day USD SOFR Average + <br> 0.42%), 4.77%, due 1/25/2027<br>| &nbsp;&nbsp; 523932<br> <sup>(f)</sup><br>|
|  | 221154 | BofA Auto Trust, Series 2024-1A, Class A2, 5.57%, due 12/15/2026 | &nbsp;&nbsp; 221604<br> <sup>(c)</sup><br>|
|  | 274261 | &nbsp;&nbsp; Capital One Prime Auto Receivables Trust, Series 2024-1, Class A2B, (30 day USD SOFR <br> Average + 0.32%), 4.66%, due 10/15/2027<br>| &nbsp;&nbsp; 274139<br> <sup>(f)</sup><br>|
|  | 12844 | Carmax Auto Owner Trust, Series 2023-3, Class A2A, 5.72%, due 11/16/2026 | &nbsp;&nbsp; 12855 |
|  | 265666 | &nbsp;&nbsp; CarMax Auto Owner Trust, Series 2024-4, Class A2B, (30 day USD SOFR Average + <br> 0.45%), 4.79%, due 12/15/2027<br>| &nbsp;&nbsp; 265543<br> <sup>(f)</sup><br>|
|  | 269908 | Citizens Auto Receivables Trust, Series 2024-2, Class A2A, 5.54%, due 11/16/2026 | &nbsp;&nbsp; 270373<br> <sup>(c)</sup><br>|
|  | 14233000 | Exeter Automobile Receivables Trust, Series 2025-1A, Class D, 5.49%, due 5/15/2031 | &nbsp;&nbsp; 14254704 |
|  | 19757 | Fifth Third Auto Trust, Series 2023-1, Class A2A, 5.80%, due 11/16/2026 | &nbsp;&nbsp; 19766 |
|  | 2477000 | Flagship Credit Auto Trust, Series 2021-2, Class D, 1.59%, due 6/15/2027 | &nbsp;&nbsp; 2405371<br> <sup>(c)</sup><br>|
|  | 361186 | &nbsp;&nbsp; Ford Credit Auto Lease Trust, Series 2024-B, Class A2B, (30 day USD SOFR Average + <br> 0.40%), 4.74%, due 2/15/2027<br>| &nbsp;&nbsp; 361078<br> <sup>(f)</sup><br>|
|  |  | Ford Credit Auto Owner Trust |  |
|  | 575000 | &nbsp;&nbsp; Series 2024-C, Class A2B, (30 day USD SOFR Average + 0.40%), 4.74%, due <br> 8/15/2027<br>| &nbsp;&nbsp; 574724<br> <sup>(f)</sup><br>|
|  | 290000 | &nbsp;&nbsp; Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.41%), 4.75%, due <br> 12/15/2027<br>| &nbsp;&nbsp; 289703<br> <sup>(f)</sup><br>|
|  | 20460 | GECU Auto Receivables Trust, Series 2023-1A, Class A2, 5.95%, due 3/15/2027 | &nbsp;&nbsp; 20487<br> <sup>(c)</sup><br>|
|  | 2746000 | GLS Auto Receivables Issuer Trust, Series 2024-1A, Class D, 5.95%, due 12/17/2029 | &nbsp;&nbsp; 2793618<br> <sup>(c)</sup><br>|
|  |  | GLS Auto Select Receivables Trust |  |
|  | 500000 | Series 2023-1A, Class A3, 5.96%, due 10/16/2028 | &nbsp;&nbsp; 506377<br> <sup>(c)</sup><br>|
|  | 1900000 | Series 2024-4A, Class C, 4.75%, due 11/15/2030 | &nbsp;&nbsp; 1893400<br> <sup>(c)</sup><br>|
|  | 2771000 | Series 2024-4A, Class D, 5.28%, due 10/15/2031 | &nbsp;&nbsp; 2738055<br> <sup>(c)</sup><br>|
|  | 544366 | &nbsp;&nbsp; GM Financial Automobile Leasing Trust, Series 2024-3, Class A2B, (30 day USD SOFR <br> Average + 0.47%), 4.82%, due 1/20/2027<br>| &nbsp;&nbsp; 543750<br> <sup>(f)</sup><br>|
|  | 539534 | &nbsp;&nbsp; GM Financial Consumer Automobile Receivables Trust, Series 2024-4, Class A2B, (30 day <br> USD SOFR Average + 0.40%), 4.75%, due 10/18/2027<br>| &nbsp;&nbsp; 539334<br> <sup>(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** |
| $69406 | Harley-Davidson Motorcycle Trust, Series 2024-A, Class A2, 5.65%, due 2/16/2027 | &nbsp;&nbsp; $69561 |
| 10716 | Honda Auto Receivables Owner Trust, Series 2023-2, Class A2, 5.41%, due 4/15/2026 | &nbsp;&nbsp; 10720 |
|  | Huntington Bank Auto Credit-Linked Notes |  |
| 5972961 | Series 2024-1, Class B1, 6.15%, due 5/20/2032 | &nbsp;&nbsp; 6047546<br> <sup>(c)</sup><br>|
| 700442 | &nbsp;&nbsp; Series 2024-2, Class B2, (30 day USD SOFR Average + 1.35%), 5.70%, due <br> 10/20/2032<br>| &nbsp;&nbsp; 699399<br> <sup>(c)(f)</sup><br>|
| 1864934 | Series 2024-2, Class C, (30 day USD SOFR Average + 2.60%), 6.95%, due 10/20/2032 | &nbsp;&nbsp; 1858900<br> <sup>(c)(f)</sup><br>|
|  | Hyundai Auto Receivables Trust |  |
| 139643 | Series 2023-C, Class A2A, 5.80%, due 1/15/2027 | &nbsp;&nbsp; 139907 |
| 575000 | &nbsp;&nbsp; Series 2024-C, Class A2B, (30 day USD SOFR Average + 0.40%), 4.74%, due <br> 9/15/2027<br>| &nbsp;&nbsp; 574807<br> <sup>(f)</sup><br>|
| 292000 | &nbsp;&nbsp; Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.34%), 4.68%, due <br> 12/15/2027<br>| &nbsp;&nbsp; 291587<br> <sup>(f)</sup><br>|
|  | Mercedes-Benz Auto Lease Trust |  |
| 439143 | &nbsp;&nbsp; Series 2024-B, Class A2B, (30 day USD SOFR Average + 0.44%), 4.78%, due <br> 12/15/2026<br>| &nbsp;&nbsp; 438920<br> <sup>(f)</sup><br>|
| 282331 | &nbsp;&nbsp; Series 2024-A, Class A2B, (30 day USD SOFR Average + 0.42%), 4.76%, due <br> 2/16/2027<br>| &nbsp;&nbsp; 282172<br> <sup>(f)</sup><br>|
| 72153 | Mercedes-Benz Auto Receivables Trust, Series 2023-2, Class A2, 5.92%, due 11/16/2026 | &nbsp;&nbsp; 72249 |
| 575000 | &nbsp;&nbsp; Nissan Auto Receivables Owner Trust, Series 2024-B, Class A2B, (30 day USD SOFR <br> Average + 0.38%), 4.72%, due 6/15/2027<br>| &nbsp;&nbsp; 574739<br> <sup>(f)</sup><br>|
| 475022 | &nbsp;&nbsp; Porsche Financial Auto Securitization Trust, Series 2024-1A, Class A2B, (30 day USD <br> SOFR Average + 0.28%), 4.63%, due 1/24/2028<br>| &nbsp;&nbsp; 474362<br> <sup>(c)(f)</sup><br>|
| 498220 | &nbsp;&nbsp; Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A2B, (30 day USD SOFR <br> Average + 0.44%), 4.79%, due 12/21/2026<br>| &nbsp;&nbsp; 498027<br> <sup>(c)(f)</sup><br>|
| 7355000 | Prestige Auto Receivables Trust, Series 2021-1A, Class D, 2.08%, due 2/15/2028 | &nbsp;&nbsp; 7175652<br> <sup>(c)</sup><br>|
|  | Santander Drive Auto Receivables Trust |  |
| 2132000 | Series 2024-1, Class C, 5.45%, due 3/15/2030 | &nbsp;&nbsp; 2154643 |
| 15813000 | Series 2025-1, Class D, 5.43%, due 3/17/2031 | &nbsp;&nbsp; 15870011 |
|  | SBNA Auto Lease Trust |  |
| 6366 | Series 2024-A, Class A2, 5.45%, due 1/20/2026 | &nbsp;&nbsp; 6369<br> <sup>(c)</sup><br>|
| 2274 | Series 2023-A, Class A2, 6.27%, due 4/20/2026 | &nbsp;&nbsp; 2276<br> <sup>(c)</sup><br>|
| 84921 | SCCU Auto Receivables Trust, Series 2024-1A, Class A2, 5.45%, due 12/15/2027 | &nbsp;&nbsp; 85137<br> <sup>(c)</sup><br>|
|  | SFS Auto Receivables Securitization Trust |  |
| 377424 | Series 2024-2A, Class A2, 5.71%, due 10/20/2027 | &nbsp;&nbsp; 378291<br> <sup>(c)</sup><br>|
| 4009000 | Series 2024-1A, Class C, 5.51%, due 1/20/2032 | &nbsp;&nbsp; 4079266<br> <sup>(c)</sup><br>|
| 226630 | &nbsp;&nbsp; Tesla Auto Lease Trust, Series 2024-B, Class A2B, (30 day USD SOFR Average + 0.59%), <br> 4.94%, due 1/20/2027<br>| &nbsp;&nbsp; 226663<br> <sup>(c)(f)</sup><br>|
|  | Toyota Auto Receivables Owner Trust |  |
| 143097 | Series 2023-D, Class A2A, 5.80%, due 11/16/2026 | &nbsp;&nbsp; 143378 |
| 524622 | &nbsp;&nbsp; Series 2024-D, Class A2B, (30 day USD SOFR Average + 0.39%), 4.73%, due <br> 8/16/2027<br>| &nbsp;&nbsp; 524541<br> <sup>(f)</sup><br>|
| 565000 | &nbsp;&nbsp; Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.33%), 4.67%, due <br> 11/15/2027<br>| &nbsp;&nbsp; 564596<br> <sup>(f)</sup><br>|
| 2995192 | U.S. Bank NA, Series 2023-1, Class B, 6.79%, due 8/25/2032 | &nbsp;&nbsp; 3034213<br> <sup>(c)</sup><br>|
| 371411 | &nbsp;&nbsp; Volkswagen Auto Lease Trust, Series 2024-A, Class A2B, (30 day USD SOFR Average + <br> 0.47%), 4.82%, due 12/21/2026<br>| &nbsp;&nbsp; 370880<br> <sup>(f)</sup><br>|
|  | Volkswagen Auto Loan Enhanced Trust |  |
| 280000 | &nbsp;&nbsp; Series 2024-1, Class A2B, (30 day USD SOFR Average + 0.36%), 4.71%, due <br> 11/22/2027<br>| &nbsp;&nbsp; 279742<br> <sup>(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** |
| $| 290000 | &nbsp;&nbsp; Series 2025-1, Class A2B, (30 day USD SOFR Average + 0.44%), 4.79%, due <br> 1/20/2028<br>| &nbsp;&nbsp; $289946<br> <sup>(f)</sup><br>|
|  | 7858000 | &nbsp;&nbsp; Westlake Automobile Receivables Trust, Series 2025-1A, Class D, 5.54%, due <br> 11/15/2030<br>| &nbsp;&nbsp; 7903156<br> <sup>(c)</sup><br>|
|  |  | World Omni Auto Receivables Trust |  |
|  | 505796 | Series 2024-C, Class A2A, 4.78%, due 1/18/2028 | &nbsp;&nbsp; 505933 |
|  | 565000 | &nbsp;&nbsp; Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.33%), 4.67%, due <br> 4/17/2028<br>| &nbsp;&nbsp; 564447<br> <sup>(f)</sup><br>|
|  | 292000 | &nbsp;&nbsp; World Omni Automobile Lease Securitization Trust, Series 2025-A, Class A2B, (30 day <br> USD SOFR Average + 0.39%), 4.73%, due 12/15/2027<br>| &nbsp;&nbsp; 291573<br> <sup>(f)</sup><br>|
|  |  |  | &nbsp;&nbsp; **106448971** |
| **Credit Card 0.0%**<sup>‡</sup> | **Credit Card 0.0%**<sup>‡</sup> | **Credit Card 0.0%**<sup>‡</sup> | **Credit Card 0.0%**<sup>‡</sup> |
|  | 2170000 | BA Credit Card Trust, Series 2023-A1, Class A1, 4.79%, due 5/15/2028 | &nbsp;&nbsp; 2182238 |
|  | 275000 | &nbsp;&nbsp; Citibank Credit Card Issuance Trust, Series 2017-A6, Class A6, (1 mo. USD Term SOFR + <br> 0.88%), 5.21%, due 5/14/2029<br>| &nbsp;&nbsp; 276485<br> <sup>(f)</sup><br>|
|  | 560000 | &nbsp;&nbsp; Evergreen Credit Card Trust, Series 2024-1A, Class A, (Secured Overnight Financing Rate <br> + 0.68%), 5.03%, due 7/17/2028<br>| &nbsp;&nbsp; 560525<br> <sup>(c)(f)</sup><br>|
|  | 275000 | &nbsp;&nbsp; Trillium Credit Card Trust II, Series 2024-1A, Class A, (Secured Overnight Financing Rate <br> + 0.75%), 5.11%, due 12/26/2028<br>| &nbsp;&nbsp; 275383<br> <sup>(c)(f)</sup><br>|
|  |  |  | &nbsp;&nbsp; **3294631** |
| **Home Equity 0.7%** | **Home Equity 0.7%** | **Home Equity 0.7%** | **Home Equity 0.7%** |
|  |  | JP Morgan Mortgage Trust |  |
|  | 1790000 | &nbsp;&nbsp; Series 2023-HE2, Class M1, (30 day USD SOFR Average + 2.25%), 6.60%, due <br> 3/20/2054<br>| &nbsp;&nbsp; 1804109<br> <sup>(c)(f)</sup><br>|
|  | 2600000 | &nbsp;&nbsp; Series 2023-HE3, Class M1, (30 day USD SOFR Average + 2.10%), 6.45%, due <br> 5/25/2054<br>| &nbsp;&nbsp; 2611778<br> <sup>(c)(f)</sup><br>|
|  | 644000 | &nbsp;&nbsp; Series 2023-HE3, Class M2, (30 day USD SOFR Average + 2.50%), 6.85%, due <br> 5/25/2054<br>| &nbsp;&nbsp; 648355<br> <sup>(c)(f)</sup><br>|
|  | 2156000 | &nbsp;&nbsp; Series 2024-HE1, Class M1, (30 day USD SOFR Average + 2.00%), 6.35%, due <br> 8/25/2054<br>| &nbsp;&nbsp; 2166035<br> <sup>(c)(f)</sup><br>|
|  | 1606000 | &nbsp;&nbsp; Series 2024-HE1, Class M2, (30 day USD SOFR Average + 2.40%), 6.75%, due <br> 8/25/2054<br>| &nbsp;&nbsp; 1617160<br> <sup>(c)(f)</sup><br>|
|  | 805935 | &nbsp;&nbsp; Series 2024-HE2, Class A1, (30 day USD SOFR Average + 1.20%), 5.55%, due <br> 10/20/2054<br>| &nbsp;&nbsp; 805164<br> <sup>(c)(f)</sup><br>|
|  | 927412 | &nbsp;&nbsp; Series 2025-HE1, Class A1, (30 day USD SOFR Average + 1.15%), 5.50%, due <br> 7/20/2055<br>| &nbsp;&nbsp; 926685<br> <sup>(c)(f)</sup><br>|
|  |  | OBX Trust |  |
|  | 11062357 | &nbsp;&nbsp; Series 2025-HE1, Class A1, (30 day USD SOFR Average + 1.60%), 5.95%, due <br> 2/25/2055<br>| &nbsp;&nbsp; 11022891<br> <sup>(c)(f)</sup><br>|
|  | 1874000 | &nbsp;&nbsp; Series 2025-HE1, Class M1, (30 day USD SOFR Average + 1.90%), 6.25%, due <br> 2/25/2055<br>| &nbsp;&nbsp; 1863750<br> <sup>(c)(f)</sup><br>|
|  |  | Towd Point Mortgage Trust |  |
|  | 7698171 | Series 2024-CES1, Class A1A, 5.85%, due 1/25/2064 | &nbsp;&nbsp; 7728136<br> <sup>(c)</sup><br>|
|  | 889325 | Series 2024-CES1, Class A1B, 6.05%, due 1/25/2064 | &nbsp;&nbsp; 893533<br> <sup>(c)</sup><br>|
|  | 7894681 | Series 2024-CES2, Class A1A, 6.13%, due 2/25/2064 | &nbsp;&nbsp; 7958203<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **40045799** |
| **Other 7.9%** | **Other 7.9%** | **Other 7.9%** | **Other 7.9%** |
|  | 3000000 | &nbsp;&nbsp; 1988 CLO 1 Ltd., Series 2022-1A, Class ER, (3 mo. USD Term SOFR + 6.10%), 10.36%, <br> due 10/15/2039<br>| &nbsp;&nbsp; 2928365<br> <sup>(c)(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
| $1500000 | &nbsp;&nbsp; 1988 CLO 2 Ltd., Series 2023-2A, Class ER, (3 mo. USD Term SOFR + 5.25%), 9.54%, <br> due 4/15/2038<br>&nbsp;&nbsp; $1393153<br> <sup>(c)(f)</sup><br>|
| 3150000 | &nbsp;&nbsp; 37 Capital CLO 1 Ltd., Series 2021-1A, Class E, (3 mo. USD Term SOFR + 7.46%), <br> 11.72%, due 10/15/2034<br>&nbsp;&nbsp; 3066298<br> <sup>(c)(f)</sup><br>|
|  | AASET Trust |
| 421131 | Series 2020-1A, Class A, 3.35%, due 1/16/2040<br> &nbsp;&nbsp; 404348<br> <sup>(c)</sup><br>|
| 6381120 | Series 2025-1A, Class A, 5.94%, due 2/16/2050<br> &nbsp;&nbsp; 6396641<br> <sup>(c)</sup><br>|
| 1000000 | &nbsp;&nbsp; AB BSL CLO 5 Ltd., Series 2024-5A, Class E, (3 mo. USD Term SOFR + 6.10%), 10.41%, <br> due 1/20/2038<br>&nbsp;&nbsp; 986904<br> <sup>(c)(f)</sup><br>|
| 1570000 | &nbsp;&nbsp; AGL CLO 33 Ltd., Series 2024-33A, Class A1, (3 mo. USD Term SOFR + 1.35%), 5.62%, <br> due 7/21/2037<br>&nbsp;&nbsp; 1570000<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; AIMCO CLO, Series 2018-AA, Class ER, (3 mo. USD Term SOFR + 5.25%), 9.53%, due <br> 10/17/2037<br>&nbsp;&nbsp; 935012<br> <sup>(c)(f)</sup><br>|
| 2000000 | &nbsp;&nbsp; Apidos CLO LII Ltd., Series 2025-52A, Class D1, (3 mo. USD Term SOFR + 2.40%), <br> 6.66%, due 4/20/2038<br>&nbsp;&nbsp; 1964073<br> <sup>(c)(f)</sup><br>|
|  | Apidos CLO XXVIII Ltd. |
| 500000 | Series 2017-28A, Class C, (3 mo. USD Term SOFR + 2.76%), 7.03%, due 1/20/2031<br> &nbsp;&nbsp; 496968<br> <sup>(c)(f)</sup><br>|
| 500000 | Series 2017-28A, Class D, (3 mo. USD Term SOFR + 5.76%), 10.03%, due 1/20/2031<br> &nbsp;&nbsp; 494998<br> <sup>(c)(f)</sup><br>|
|  | ARES LIII CLO Ltd. |
| 3250000 | &nbsp;&nbsp; Series 2019-53A, Class D1R, (3 mo. USD Term SOFR + 3.10%), 7.38%, due <br> 10/24/2036<br>&nbsp;&nbsp; 3136118<br> <sup>(c)(f)</sup><br>|
| 1700000 | &nbsp;&nbsp; Series 2019-53A, Class ER, (3 mo. USD Term SOFR + 7.00%), 11.28%, due <br> 10/24/2036<br>&nbsp;&nbsp; 1710962<br> <sup>(c)(f)</sup><br>|
| 2650000 | &nbsp;&nbsp; ARES LVI CLO Ltd., Series 2020-56A, Class D1R2, (3 mo. USD Term SOFR + 2.85%), <br> 7.13%, due 1/25/2038<br>&nbsp;&nbsp; 2606517<br> <sup>(c)(f)</sup><br>|
|  | Assurant CLO II Ltd. |
| 250000 | Series 2018-2A, Class D, (3 mo. USD Term SOFR + 3.11%), 7.38%, due 4/20/2031<br> &nbsp;&nbsp; 249094<br> <sup>(c)(f)</sup><br>|
| 1500000 | Series 2018-2A, Class E, (3 mo. USD Term SOFR + 5.86%), 10.13%, due 4/20/2031<br> &nbsp;&nbsp; 1432500<br> <sup>(c)(f)</sup><br>|
| 74702 | Auxilior Term Funding LLC, Series 2024-1A, Class A2, 5.84%, due 3/15/2027<br> &nbsp;&nbsp; 75170<br> <sup>(c)</sup><br>|
| 2000000 | &nbsp;&nbsp; Bain Capital Credit CLO Ltd., Series 2024-4A, Class D1, (3 mo. USD Term SOFR + <br> 3.10%), 7.75%, due 10/23/2037<br>&nbsp;&nbsp; 1937562<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; Ballyrock CLO 14 Ltd., Series 2020-14A, Class C1R, (3 mo. USD Term SOFR + 3.00%), <br> 7.27%, due 7/20/2037<br>&nbsp;&nbsp; 964760<br> <sup>(c)(f)</sup><br>|
| 1300000 | &nbsp;&nbsp; Ballyrock CLO 19 Ltd., Series 2022-19A, Class C, (3 mo. USD Term SOFR + 3.50%), <br> 7.77%, due 4/20/2035<br>&nbsp;&nbsp; 1280424<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; Ballyrock CLO 26 Ltd., Series 2024-26A, Class D, (3 mo. USD Term SOFR + 6.10%), <br> 10.38%, due 7/25/2037<br>&nbsp;&nbsp; 1000056<br> <sup>(c)(f)</sup><br>|
| 4250000 | &nbsp;&nbsp; Ballyrock CLO 27 Ltd., Series 2024-27A, Class C1, (3 mo. USD Term SOFR + 2.90%), <br> 7.18%, due 10/25/2037<br>&nbsp;&nbsp; 4231300<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; Battalion CLO XXI Ltd., Series 2021-21A, Class D, (3 mo. USD Term SOFR + 3.56%), <br> 7.82%, due 7/15/2034<br>&nbsp;&nbsp; 956421<br> <sup>(c)(f)</sup><br>|
| 2500000 | &nbsp;&nbsp; Benefit Street Partners CLO XVII Ltd., Series 2019-17A, Class D1R2, (3 mo. USD Term <br> SOFR + 3.15%), 7.41%, due 10/15/2037<br>&nbsp;&nbsp; 2489000<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; Benefit Street Partners CLO XXII Ltd., Series 2020-22A, Class DR, (3 mo. USD Term SOFR <br> + 3.35%), 7.62%, due 4/20/2035<br>&nbsp;&nbsp; 999900<br> <sup>(c)(f)</sup><br>|
| 6350000 | Blue Stream Issuer LLC, Series 2024-1A, Class A2, 5.41%, due 11/20/2054<br> &nbsp;&nbsp; 6355096<br> <sup>(c)</sup><br>|
| 2000000 | &nbsp;&nbsp; BlueMountain CLO XXXIII Ltd., Series 2021-33A, Class E, (3 mo. USD Term SOFR + <br> 7.09%), 11.41%, due 11/20/2034<br>&nbsp;&nbsp; 1918561<br> <sup>(c)(f)</sup><br>|
|  | Business Jet Securities LLC |
| 4811145 | Series 2024-1A, Class A, 6.20%, due 5/15/2039<br> &nbsp;&nbsp; 4873103<br> <sup>(c)</sup><br>|
| 2174638 | Series 2024-1A, Class C, 9.13%, due 5/15/2039<br> &nbsp;&nbsp; 2207636<br> <sup>(c)</sup><br>|
| 4219190 | Series 2024-2A, Class B, 5.75%, due 9/15/2039<br> &nbsp;&nbsp; 4140128<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
| $1000000 | &nbsp;&nbsp; Canyon Capital CLO Ltd., Series 2021-1A, Class E, (3 mo. USD Term SOFR + 6.67%), <br> 10.93%, due 4/15/2034<br>| &nbsp;&nbsp; $952374<br> <sup>(c)(f)</sup><br>|
|  | Canyon CLO Ltd. |  |
| 500000 | Series 2025-1A, Class D1, (3 mo. USD Term SOFR + 2.75%), 7.04%, due 4/15/2038 | &nbsp;&nbsp; 492759<br> <sup>(c)(f)</sup><br>|
| 1125000 | Series 2025-1A, Class E, (3 mo. USD Term SOFR + 4.75%), 9.04%, due 4/15/2038 | &nbsp;&nbsp; 1037774<br> <sup>(c)(f)</sup><br>|
|  | Carbone CLO Ltd. |  |
| 1000000 | Series 2017-1A, Class C, (3 mo. USD Term SOFR + 2.86%), 7.13%, due 1/20/2031 | &nbsp;&nbsp; 991816<br> <sup>(c)(f)</sup><br>|
| 1000000 | Series 2017-1A, Class D, (3 mo. USD Term SOFR + 6.16%), 10.43%, due 1/20/2031 | &nbsp;&nbsp; 961246<br> <sup>(c)(f)</sup><br>|
| 5014239 | Castlelake Aircraft Structured Trust, Series 2025-1A, Class C, 7.75%, due 2/15/2050 | &nbsp;&nbsp; 4913653<br> <sup>(c)</sup><br>|
|  | CCG Receivables Trust |  |
| 139683 | Series 2023-1, Class A2, 5.82%, due 9/16/2030 | &nbsp;&nbsp; 140541<br> <sup>(c)</sup><br>|
| 2495000 | Series 2024-1, Class C, 5.22%, due 3/15/2032 | &nbsp;&nbsp; 2522759<br> <sup>(c)</sup><br>|
| 3788000 | Series 2024-1, Class D, 5.80%, due 3/15/2032 | &nbsp;&nbsp; 3809779<br> <sup>(c)</sup><br>|
| 3472000 | Series 2023-2, Class B, 6.21%, due 4/14/2032 | &nbsp;&nbsp; 3591660<br> <sup>(c)</sup><br>|
| 1147000 | Series 2025-1, Class A2, 4.48%, due 10/14/2032 | &nbsp;&nbsp; 1147600<br> <sup>(c)</sup><br>|
| 1113000 | Series 2025-1, Class B, 4.69%, due 10/14/2032 | &nbsp;&nbsp; 1114014<br> <sup>(c)</sup><br>|
| 2291000 | Series 2025-1, Class C, 4.89%, due 10/14/2032 | &nbsp;&nbsp; 2292690<br> <sup>(c)</sup><br>|
| 1575000 | Series 2025-1, Class D, 5.28%, due 10/14/2032 | &nbsp;&nbsp; 1573642<br> <sup>(c)</sup><br>|
|  | CIFC Funding Ltd. |  |
| 2000000 | Series 2021-3A, Class D, (3 mo. USD Term SOFR + 3.26%), 7.52%, due 7/15/2036 | &nbsp;&nbsp; 1995260<br> <sup>(c)(f)</sup><br>|
| 2000000 | Series 2024-4A, Class D1, (3 mo. USD Term SOFR + 2.95%), 7.21%, due 10/16/2037 | &nbsp;&nbsp; 1991201<br> <sup>(c)(f)</sup><br>|
|  | Cloud Capital Holdco LP |  |
| 8621000 | Series 2024-1A, Class A2, 5.78%, due 11/22/2049 | &nbsp;&nbsp; 8642124<br> <sup>(c)</sup><br>|
| 4959000 | Series 2024-2A, Class A2, 5.92%, due 11/22/2049 | &nbsp;&nbsp; 4910662<br> <sup>(c)</sup><br>|
| 1500000 | &nbsp;&nbsp; Clover CLO LLC, Series 2020-1A, Class DRR, (3 mo. USD Term SOFR + 3.10%), 7.36%, <br> due 7/15/2037<br>| &nbsp;&nbsp; 1450953<br> <sup>(c)(f)</sup><br>|
|  | CNH Equipment Trust |  |
| 107956 | &nbsp;&nbsp; Series 2024-B, Class A2B, (30 day USD SOFR Average + 0.40%), 4.74%, due <br> 10/15/2027<br>| &nbsp;&nbsp; 107955<br> <sup>(f)</sup><br>|
| 575000 | &nbsp;&nbsp; Series 2024-C, Class A2B, (30 day USD SOFR Average + 0.42%), 4.76%, due <br> 2/18/2028<br>| &nbsp;&nbsp; 574735<br> <sup>(f)</sup><br>|
| 290000 | &nbsp;&nbsp; Series 2025-A, Class A2B, (30 day USD SOFR Average + 0.33%), 4.67%, due <br> 8/15/2028<br>| &nbsp;&nbsp; 289726<br> <sup>(f)</sup><br>|
|  | Compass Datacenters Issuer II LLC |  |
| 2362000 | Series 2024-1A, Class A2, 5.75%, due 2/25/2049 | &nbsp;&nbsp; 2387464<br> <sup>(c)</sup><br>|
| 2760000 | Series 2024-1A, Class B, 7.00%, due 2/25/2049 | &nbsp;&nbsp; 2814803<br> <sup>(c)</sup><br>|
|  | Crockett Partners Equipment Co. IIA LLC |  |
| 4112372 | Series 2024-1C, Class A, 6.05%, due 1/20/2031 | &nbsp;&nbsp; 4180618<br> <sup>(c)</sup><br>|
| 2061770 | Series 2024-1C, Class C, 10.16%, due 1/20/2031 | &nbsp;&nbsp; 2134935<br> <sup>(c)</sup><br>|
|  | Crown City CLO III |  |
| 3000000 | Series 2021-1A, Class C, (3 mo. USD Term SOFR + 3.56%), 7.83%, due 7/20/2034 | &nbsp;&nbsp; 2948694<br> <sup>(c)(f)</sup><br>|
| 3000000 | Series 2021-1A, Class D, (3 mo. USD Term SOFR + 7.01%), 11.28%, due 7/20/2034 | &nbsp;&nbsp; 2784905<br> <sup>(c)(f)</sup><br>|
| 1500000 | &nbsp;&nbsp; Crown City CLO VI, Series 2024-6A, Class D1, (3 mo. USD Term SOFR + 3.50%), 7.76%, <br> due 7/15/2037<br>| &nbsp;&nbsp; 1473761<br> <sup>(c)(f)</sup><br>|
|  | CyrusOne Data Centers Issuer I LLC |  |
| 2650000 | Series 2023-1A, Class A2, 4.30%, due 4/20/2048 | &nbsp;&nbsp; 2577777<br> <sup>(c)</sup><br>|
| 2072000 | Series 2023-2A, Class A2, 5.56%, due 11/20/2048 | &nbsp;&nbsp; 2085104<br> <sup>(c)</sup><br>|
| 130000 | Series 2024-1A, Class A2, 4.65%, due 3/22/2049 | &nbsp;&nbsp; 125854<br> <sup>(c)</sup><br>|
| 93047 | Daimler Trucks Retail Trust, Series 2024-1, Class A2, 5.60%, due 4/15/2026 | &nbsp;&nbsp; 93167 |
|  | Dell Equipment Finance Trust |  |
| 123000 | Series 2025-1, Class A2, 4.68%, due 7/22/2027 | &nbsp;&nbsp; 123071<br> <sup>(c)(g)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
| $24525 | Series 2023-3, Class A2, 6.10%, due 4/23/2029<br> &nbsp;&nbsp; $24552<br> <sup>(c)</sup><br>|
| 113609 | Series 2024-1, Class A2, 5.58%, due 3/22/2030<br> &nbsp;&nbsp; 113880<br> <sup>(c)</sup><br>|
| 2330000 | Series 2024-1, Class D, 6.12%, due 9/23/2030<br> &nbsp;&nbsp; 2371426<br> <sup>(c)</sup><br>|
| 74445 | DLLAA LLC, Series 2023-1A, Class A2, 5.93%, due 7/20/2026<br> &nbsp;&nbsp; 74578<br> <sup>(c)</sup><br>|
| 300000 | &nbsp;&nbsp; Dryden 53 CLO Ltd., Series 2017-53A, Class D, (3 mo. USD Term SOFR + 2.66%), <br> 6.92%, due 1/15/2031<br>&nbsp;&nbsp; 283605<br> <sup>(c)(f)</sup><br>|
|  | Eaton Vance CLO Ltd. |
| 850000 | Series 2015-1A, Class DR, (3 mo. USD Term SOFR + 2.76%), 7.03%, due 1/20/2030<br> &nbsp;&nbsp; 845233<br> <sup>(c)(f)</sup><br>|
| 900000 | Series 2015-1A, Class ER, (3 mo. USD Term SOFR + 5.86%), 10.13%, due 1/20/2030<br> &nbsp;&nbsp; 850537<br> <sup>(c)(f)</sup><br>|
| 2000000 | &nbsp;&nbsp; Series 2020-2A, Class D1R2, (3 mo. USD Term SOFR + 3.20%), 7.46%, due <br> 10/15/2037<br>&nbsp;&nbsp; 1936852<br> <sup>(c)(f)</sup><br>|
| 5500000 | &nbsp;&nbsp; Elmwood CLO 30 Ltd., Series 2024-6A, Class A, (3 mo. USD Term SOFR + 1.43%), <br> 5.71%, due 7/17/2037<br>&nbsp;&nbsp; 5500000<br> <sup>(c)(f)</sup><br>|
| 1500000 | &nbsp;&nbsp; Empower CLO Ltd., Series 2024-2A, Class D, (3 mo. USD Term SOFR + 3.20%), 7.46%, <br> due 7/15/2037<br>&nbsp;&nbsp; 1450434<br> <sup>(c)(f)</sup><br>|
| 3000000 | &nbsp;&nbsp; Flatiron CLO 20 Ltd., Series 2020-1X, Class DR, (3 mo. USD Term SOFR + 3.45%), <br> 7.77%, due 5/20/2036<br>&nbsp;&nbsp; 2999700<br> <sup>(f)(i)</sup><br>|
| 1000000 | &nbsp;&nbsp; Flatiron RR CLO 27 Ltd., Series 2024-3A, Class D1, (3 mo. USD Term SOFR + 2.90%), <br> 7.17%, due 10/18/2037<br>&nbsp;&nbsp; 995600<br> <sup>(c)(f)</sup><br>|
|  | Foundation Finance Trust |
| 4831000 | Series 2024-2A, Class B, 4.93%, due 3/15/2050<br> &nbsp;&nbsp; 4801492<br> <sup>(c)</sup><br>|
| 1600000 | Series 2024-2A, Class C, 5.32%, due 3/15/2050<br> &nbsp;&nbsp; 1596126<br> <sup>(c)</sup><br>|
| 5655000 | Series 2024-2A, Class D, 6.59%, due 3/15/2050<br> &nbsp;&nbsp; 5738733<br> <sup>(c)</sup><br>|
| 971182 | Series 2025-1A, Class A, 4.95%, due 4/15/2050<br> &nbsp;&nbsp; 973889<br> <sup>(c)</sup><br>|
|  | Frontier Issuer LLC |
| 9566748 | Series 2023-1, Class A2, 6.60%, due 8/20/2053<br> &nbsp;&nbsp; 9717560<br> <sup>(c)</sup><br>|
| 8855000 | Series 2024-1, Class B, 7.02%, due 6/20/2054<br> &nbsp;&nbsp; 9176635<br> <sup>(c)</sup><br>|
| 2225000 | &nbsp;&nbsp; Galaxy XV CLO Ltd., Series 2013-15A, Class ER, (3 mo. USD Term SOFR + 6.91%), <br> 11.16%, due 10/15/2030<br>&nbsp;&nbsp; 2206652<br> <sup>(c)(f)</sup><br>|
| 250000 | &nbsp;&nbsp; Galaxy XXVII CLO Ltd., Series 2018-27A, Class E, (3 mo. USD Term SOFR + 6.04%), <br> 10.36%, due 5/16/2031<br>&nbsp;&nbsp; 248965<br> <sup>(c)(f)</sup><br>|
| 1600000 | &nbsp;&nbsp; Galaxy XXVIII CLO Ltd., Series 2018-28A, Class E, (3 mo. USD Term SOFR + 6.26%), <br> 10.52%, due 7/15/2031<br>&nbsp;&nbsp; 1589638<br> <sup>(c)(f)</sup><br>|
| 8604000 | &nbsp;&nbsp; Gracie Point International Funding LLC, Series 2024-1A, Class A, (90 day USD SOFR <br> Average + 1.70%), 6.12%, due 3/1/2028<br>&nbsp;&nbsp; 8564667<br> <sup>(c)(f)</sup><br>|
| 1041000 | &nbsp;&nbsp; GreatAmerica Leasing Receivables Funding LLC, Series 2025-1, Class A2, 4.52%, due <br> 10/15/2027<br>&nbsp;&nbsp; 1041997<br> <sup>(c)</sup><br>|
|  | GreenSky Home Improvement Issuer Trust |
| 1000000 | Series 2025-1A, Class A2, 5.12%, due 3/25/2060<br> &nbsp;&nbsp; 1001013<br> <sup>(c)</sup><br>|
| 4217000 | Series 2025-1A, Class B, 5.39%, due 3/25/2060<br> &nbsp;&nbsp; 4227735<br> <sup>(c)</sup><br>|
| 3292000 | Series 2025-1A, Class C, 5.69%, due 3/25/2060<br> &nbsp;&nbsp; 3300976<br> <sup>(c)</sup><br>|
|  | GreenSky Home Improvement Trust |
| 8479000 | Series 2024-1, Class B, 5.87%, due 6/25/2059<br> &nbsp;&nbsp; 8619597<br> <sup>(c)</sup><br>|
| 2805000 | Series 2024-1, Class C, 6.36%, due 6/25/2059<br> &nbsp;&nbsp; 2865373<br> <sup>(c)</sup><br>|
| 1900000 | Series 2024-1, Class D, 7.33%, due 6/25/2059<br> &nbsp;&nbsp; 1961613<br> <sup>(c)</sup><br>|
| 1000000 | &nbsp;&nbsp; HalseyPoint CLO 4 Ltd., Series 2021-4A, Class E, (3 mo. USD Term SOFR + 6.97%), <br> 11.24%, due 4/20/2034<br>&nbsp;&nbsp; 967648<br> <sup>(c)(f)</sup><br>|
|  | Hilton Grand Vacations Trust |
| 940221 | Series 2022-1D, Class D, 6.79%, due 6/20/2034<br> &nbsp;&nbsp; 926743<br> <sup>(c)</sup><br>|
| 1403332 | Series 2022-2A, Class B, 4.74%, due 1/25/2037<br> &nbsp;&nbsp; 1396233<br> <sup>(c)</sup><br>|
| 1891345 | Series 2024-2A, Class B, 5.65%, due 3/25/2038<br> &nbsp;&nbsp; 1925060<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
| $3794066 | Series 2024-2A, Class C, 5.99%, due 3/25/2038 | &nbsp;&nbsp; $3848577<br> <sup>(c)</sup><br>|
| 2291656 | Series 2024-2A, Class D, 6.91%, due 3/25/2038 | &nbsp;&nbsp; 2351997<br> <sup>(c)</sup><br>|
| 1293062 | Series 2024-1B, Class B, 5.99%, due 9/15/2039 | &nbsp;&nbsp; 1318015<br> <sup>(c)</sup><br>|
| 1131202 | Series 2024-1B, Class D, 8.85%, due 9/15/2039 | &nbsp;&nbsp; 1152986<br> <sup>(c)</sup><br>|
|  | HPEFS Equipment Trust |  |
| 201756 | Series 2024-2A, Class A2, 5.50%, due 10/20/2031 | &nbsp;&nbsp; 202263<br> <sup>(c)</sup><br>|
| 5731000 | Series 2024-2A, Class D, 5.82%, due 4/20/2032 | &nbsp;&nbsp; 5828825<br> <sup>(c)</sup><br>|
| 4795000 | Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035 | &nbsp;&nbsp; 4871577<br> <sup>(c)</sup><br>|
| 496000 | John Deere Owner Trust, Series 2023-C, Class A3, 5.48%, due 5/15/2028 | &nbsp;&nbsp; 501153 |
|  | Kubota Credit Owner Trust |  |
| 22539 | Series 2023-2A, Class A2, 5.61%, due 7/15/2026 | &nbsp;&nbsp; 22571<br> <sup>(c)</sup><br>|
| 93279 | Series 2024-2A, Class A2, 5.45%, due 4/15/2027 | &nbsp;&nbsp; 93750<br> <sup>(c)</sup><br>|
| 1000000 | Series 2023-2A, Class A3, 5.28%, due 1/18/2028 | &nbsp;&nbsp; 1009402<br> <sup>(c)</sup><br>|
|  | Magnetite XX Ltd. |  |
| 250000 | Series 2018-20A, Class D, (3 mo. USD Term SOFR + 2.76%), 7.03%, due 4/20/2031 | &nbsp;&nbsp; 248676<br> <sup>(c)(f)</sup><br>|
| 250000 | Series 2018-20A, Class E, (3 mo. USD Term SOFR + 5.61%), 9.88%, due 4/20/2031 | &nbsp;&nbsp; 247424<br> <sup>(c)(f)</sup><br>|
| 4500000 | &nbsp;&nbsp; Magnetite XXVIII Ltd., Series 2020-28A, Class ERR, (3 mo. USD Term SOFR + 4.70%), <br> 8.96%, due 1/15/2038<br>| &nbsp;&nbsp; 4192631<br> <sup>(c)(f)</sup><br>|
|  | MetroNet Infrastructure Issuer LLC |  |
| 8848657 | Series 2022-1A, Class A2, 6.35%, due 10/20/2052 | &nbsp;&nbsp; 9020586<br> <sup>(c)</sup><br>|
| 1000000 | Series 2024-1A, Class A2, 6.23%, due 4/20/2054 | &nbsp;&nbsp; 1027486<br> <sup>(c)</sup><br>|
| 615000 | MMAF Equipment Finance LLC, Series 2023-A, Class A3, 5.54%, due 12/13/2029 | &nbsp;&nbsp; 626524<br> <sup>(c)</sup><br>|
| 1000000 | &nbsp;&nbsp; Morgan Stanley Eaton Vance CLO LLC, Series 2022-16A, Class D1, (3 mo. USD Term <br> SOFR + 3.25%), 7.51%, due 4/15/2035<br>| &nbsp;&nbsp; 997580<br> <sup>(c)(f)</sup><br>|
| 2000000 | &nbsp;&nbsp; Morgan Stanley Eaton Vance CLO Ltd., Series 2021-1A, Class E, (3 mo. USD Term SOFR + <br> 7.01%), 11.29%, due 10/20/2034<br>| &nbsp;&nbsp; 1909176<br> <sup>(c)(f)</sup><br>|
|  | MVW LLC |  |
| 826541 | Series 2020-1A, Class B, 2.73%, due 10/20/2037 | &nbsp;&nbsp; 805643<br> <sup>(c)</sup><br>|
| 805878 | Series 2020-1A, Class C, 4.21%, due 10/20/2037 | &nbsp;&nbsp; 794623<br> <sup>(c)</sup><br>|
| 1274887 | Series 2021-2A, Class B, 1.83%, due 5/20/2039 | &nbsp;&nbsp; 1196784<br> <sup>(c)</sup><br>|
| 1882744 | Series 2022-1A, Class B, 4.40%, due 11/21/2039 | &nbsp;&nbsp; 1863315<br> <sup>(c)</sup><br>|
| 2474937 | Series 2023-2A, Class C, 7.06%, due 11/20/2040 | &nbsp;&nbsp; 2556342<br> <sup>(c)</sup><br>|
| 837385 | Series 2023-2A, Class D, 9.33%, due 11/20/2040 | &nbsp;&nbsp; 859110<br> <sup>(c)</sup><br>|
| 6605871 | Series 2024-2A, Class B, 4.58%, due 3/20/2042 | &nbsp;&nbsp; 6494875<br> <sup>(c)</sup><br>|
| 4303931 | Series 2024-2A, Class C, 4.92%, due 3/20/2042 | &nbsp;&nbsp; 4201933<br> <sup>(c)</sup><br>|
| 4380000 | Series 2025-1A, Class B, 5.21%, due 9/22/2042 | &nbsp;&nbsp; 4397720<br> <sup>(c)(g)</sup><br>|
| 4374000 | Series 2025-1A, Class C, 5.75%, due 9/22/2042 | &nbsp;&nbsp; 4408513<br> <sup>(c)(g)</sup><br>|
| 3600133 | Series 2024-1A, Class B, 5.51%, due 2/20/2043 | &nbsp;&nbsp; 3638146<br> <sup>(c)</sup><br>|
| 2275453 | Series 2024-1A, Class C, 6.20%, due 2/20/2043 | &nbsp;&nbsp; 2292894<br> <sup>(c)</sup><br>|
| 7256324 | NRM FNT1 Excess LLC, Series 2024-FNT1, Class A, 7.40%, due 11/25/2031 | &nbsp;&nbsp; 7313074<br> <sup>(c)</sup><br>|
| 1000000 | &nbsp;&nbsp; Oaktree CLO Ltd., Series 2024-26A, Class E, (3 mo. USD Term SOFR + 6.50%), 10.77%, <br> due 4/20/2037<br>| &nbsp;&nbsp; 987058<br> <sup>(c)(f)</sup><br>|
|  | OCP CLO Ltd. |  |
| 3000000 | Series 2024-35A, Class D1, (3 mo. USD Term SOFR + 3.10%), 7.38%, due 10/25/2037 | &nbsp;&nbsp; 2906360<br> <sup>(c)(f)</sup><br>|
| 2000000 | &nbsp;&nbsp; Series 2017-13A, Class ER2, (3 mo. USD Term SOFR + 5.90%), 10.17%, due <br> 11/26/2037<br>| &nbsp;&nbsp; 1902279<br> <sup>(c)(f)</sup><br>|
| 2000000 | Series 2021-21A, Class D1R, (3 mo. USD Term SOFR + 2.65%), 6.92%, due 1/20/2038 | &nbsp;&nbsp; 1995759<br> <sup>(c)(f)</sup><br>|
| 3500000 | Series 2018-15A, Class ER, (3 mo. USD Term SOFR + 5.10%), 9.39%, due 1/20/2038 | &nbsp;&nbsp; 3208093<br> <sup>(c)(f)</sup><br>|
| 4000000 | &nbsp;&nbsp; OHA Credit Funding 17 Ltd., Series 2024-17A, Class A, (3 mo. USD Term SOFR + <br> 1.48%), 5.75%, due 4/20/2037<br>| &nbsp;&nbsp; 3996000<br> <sup>(c)(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
| $2500000 | &nbsp;&nbsp; OHA Credit Funding 6 Ltd., Series 2020-6A, Class D1R2, (3 mo. USD Term SOFR + <br> 2.85%), 7.12%, due 10/20/2037<br>&nbsp;&nbsp; $2457733<br> <sup>(c)(f)</sup><br>|
| 1000000 | OneMain Financial Issuance Trust, Series 2023-2A, Class A1, 5.84%, due 9/15/2036<br> &nbsp;&nbsp; 1020338<br> <sup>(c)</sup><br>|
|  | OWN Equipment Fund I LLC |
| 7014029 | Series 2024-2M, Class A, 5.70%, due 12/20/2032<br> &nbsp;&nbsp; 7094250<br> <sup>(c)</sup><br>|
| 2879671 | Series 2024-2M, Class B, 6.43%, due 12/20/2032<br> &nbsp;&nbsp; 2908688<br> <sup>(c)</sup><br>|
|  | Palmer Square CLO Ltd. |
| 3500000 | Series 2015-1A, Class DR4, (3 mo. USD Term SOFR + 6.76%), 11.09%, due 5/21/2034<br> &nbsp;&nbsp; 3372756<br> <sup>(c)(f)</sup><br>|
| 1225000 | Series 2024-4A, Class E, (3 mo. USD Term SOFR + 5.00%), 9.33%, due 1/15/2038<br> &nbsp;&nbsp; 1190782<br> <sup>(c)(f)</sup><br>|
| 2000000 | &nbsp;&nbsp; Parallel Ltd., Series 2020-1A, Class DR, (3 mo. USD Term SOFR + 6.76%), 11.03%, due <br> 7/20/2034<br>&nbsp;&nbsp; 1909328<br> <sup>(c)(f)</sup><br>|
|  | PFS Financing Corp. |
| 280000 | Series 2023-D, Class A, (30 day USD SOFR Average + 1.15%), 5.49%, due 8/15/2027<br> &nbsp;&nbsp; 280492<br> <sup>(c)(f)</sup><br>|
| 280000 | Series 2024-E, Class A, (30 day USD SOFR Average + 0.85%), 5.19%, due 7/15/2028<br> &nbsp;&nbsp; 280497<br> <sup>(c)(f)</sup><br>|
| 1000000 | Series 2024-D, Class A, 5.34%, due 4/15/2029<br> &nbsp;&nbsp; 1018498<br> <sup>(c)</sup><br>|
| 300000 | &nbsp;&nbsp; PPM CLO 3 Ltd., Series 2019-3A, Class DR, (3 mo. USD Term SOFR + 3.36%), 7.64%, <br> due 4/17/2034<br>&nbsp;&nbsp; 286786<br> <sup>(c)(f)</sup><br>|
| 3000000 | &nbsp;&nbsp; RAD CLO 28 Ltd., Series 2024-28A, Class E, (3 mo. USD Term SOFR + 5.25%), 9.51%, <br> due 4/20/2038<br>&nbsp;&nbsp; 2737735<br> <sup>(c)(f)</sup><br>|
| 3000000 | &nbsp;&nbsp; Regatta 30 Funding Ltd., Series 2024-4A, Class A1, (3 mo. USD Term SOFR + 1.32%), <br> 5.63%, due 1/25/2038<br>&nbsp;&nbsp; 2990121<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; Riserva CLO Ltd., Series 2016-3A, Class ERR, (3 mo. USD Term SOFR + 6.76%), 11.03%, <br> due 1/18/2034<br>&nbsp;&nbsp; 963515<br> <sup>(c)(f)</sup><br>|
| 2500000 | &nbsp;&nbsp; RR 34 Ltd., Series 2024-34RA, Class DR, (3 mo. USD Term SOFR + 5.50%), 9.76%, due <br> 10/15/2039<br>&nbsp;&nbsp; 2422126<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; RR 36 Ltd., Series 2024-36RA, Class DR, (3 mo. USD Term SOFR + 5.25%), 9.51%, due <br> 1/15/2040<br>&nbsp;&nbsp; 947278<br> <sup>(c)(f)</sup><br>|
| 1000000 | &nbsp;&nbsp; Sandstone Peak Ltd., Series 2021-1A, Class E, (3 mo. USD Term SOFR + 7.06%), <br> 11.32%, due 10/15/2034<br>&nbsp;&nbsp; 969901<br> <sup>(c)(f)</sup><br>|
|  | Sierra Timeshare Receivables Funding LLC |
| 385211 | Series 2020-2A, Class C, 3.51%, due 7/20/2037<br> &nbsp;&nbsp; 383900<br> <sup>(c)</sup><br>|
| 194567 | Series 2021-2A, Class C, 1.95%, due 9/20/2038<br> &nbsp;&nbsp; 188940<br> <sup>(c)</sup><br>|
| 952594 | Series 2021-2A, Class D, 3.23%, due 9/20/2038<br> &nbsp;&nbsp; 923591<br> <sup>(c)</sup><br>|
| 1096803 | Series 2022-1A, Class D, 6.00%, due 10/20/2038<br> &nbsp;&nbsp; 1084418<br> <sup>(c)</sup><br>|
| 663141 | Series 2023-1A, Class C, 7.00%, due 1/20/2040<br> &nbsp;&nbsp; 679248<br> <sup>(c)</sup><br>|
| 660909 | Series 2023-2A, Class C, 7.30%, due 4/20/2040<br> &nbsp;&nbsp; 683361<br> <sup>(c)</sup><br>|
| 1110567 | Series 2023-2A, Class D, 9.72%, due 4/20/2040<br> &nbsp;&nbsp; 1154687<br> <sup>(c)</sup><br>|
| 314567 | Series 2023-3A, Class C, 7.12%, due 9/20/2040<br> &nbsp;&nbsp; 324631<br> <sup>(c)</sup><br>|
| 3732752 | Series 2024-2A, Class C, 5.83%, due 6/20/2041<br> &nbsp;&nbsp; 3766448<br> <sup>(c)</sup><br>|
| 6653925 | Series 2024-3A, Class C, 5.32%, due 8/20/2041<br> &nbsp;&nbsp; 6642164<br> <sup>(c)</sup><br>|
| 2208405 | Series 2024-3A, Class D, 6.93%, due 8/20/2041<br> &nbsp;&nbsp; 2170854<br> <sup>(c)</sup><br>|
| 937629 | Series 2025-1A, Class A, 4.81%, due 1/21/2042<br> &nbsp;&nbsp; 944484<br> <sup>(c)</sup><br>|
| 7706370 | Series 2025-1A, Class D, 6.86%, due 1/21/2042<br> &nbsp;&nbsp; 7531827<br> <sup>(c)</sup><br>|
| 2479982 | Series 2024-1A, Class C, 5.94%, due 1/20/2043<br> &nbsp;&nbsp; 2512778<br> <sup>(c)</sup><br>|
| 720913 | Series 2024-1A, Class D, 8.02%, due 1/20/2043<br> &nbsp;&nbsp; 736718<br> <sup>(c)</sup><br>|
|  | Signal Peak CLO 11 Ltd. |
| 2000000 | Series 2024-11A, Class D1, (3 mo. USD Term SOFR + 3.10%), 7.37%, due 7/18/2037<br> &nbsp;&nbsp; 1941083<br> <sup>(c)(f)</sup><br>|
| 1000000 | Series 2024-11A, Class E, (3 mo. USD Term SOFR + 6.00%), 10.27%, due 7/18/2037<br> &nbsp;&nbsp; 988466<br> <sup>(c)(f)</sup><br>|
|  | Sotheby's Artfi Master Trust |
| 14254000 | Series 2024-1A, Class A1, 6.43%, due 12/22/2031<br> &nbsp;&nbsp; 14389804<br> <sup>(c)</sup><br>|
| 2068000 | Series 2024-1A, Class D, 7.91%, due 12/22/2031<br> &nbsp;&nbsp; 2082276<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
|  |  | Stack Infrastructure Issuer LLC |  |
| $| 1250000 | Series 2023-2A, Class A2, 5.90%, due 7/25/2048 | &nbsp;&nbsp; $1262079<br> <sup>(c)</sup><br>|
|  | 7090000 | Series 2023-3A, Class A2, 5.90%, due 10/25/2048 | &nbsp;&nbsp; 7170270<br> <sup>(c)</sup><br>|
|  | 7197830 | Subway Funding LLC, Series 2024-1A, Class A2I, 6.03%, due 7/30/2054 | &nbsp;&nbsp; 7279774<br> <sup>(c)</sup><br>|
|  | 1100000 | &nbsp;&nbsp; Symphony CLO 44 Ltd., Series 2024-44A, Class E, (3 mo. USD Term SOFR + 6.15%), <br> 10.39%, due 7/14/2037<br>| &nbsp;&nbsp; 1099886<br> <sup>(c)(f)</sup><br>|
|  | 11287943 | Taco Bell Funding LLC, Series 2021-1A, Class A2I, 1.95%, due 8/25/2051 | &nbsp;&nbsp; 10701481<br> <sup>(c)</sup><br>|
|  | 400000 | Tesla Sustainable Energy Trust, Series 2024-1A, Class A2, 5.08%, due 6/21/2050 | &nbsp;&nbsp; 402431<br> <sup>(c)</sup><br>|
|  |  | Trafigura Securitisation Finance PLC |  |
|  | 3114000 | Series 2024-1A, Class A2, 5.98%, due 11/15/2027 | &nbsp;&nbsp; 3177915<br> <sup>(c)</sup><br>|
|  | 6208000 | Series 2024-1A, Class B, 7.29%, due 11/15/2027 | &nbsp;&nbsp; 6235067<br> <sup>(c)</sup><br>|
|  | 1300000 | &nbsp;&nbsp; Trestles CLO II Ltd., Series 2018-2A, Class ER, (3 mo. USD Term SOFR + 6.60%), 10.88%, <br> due 7/25/2037<br>| &nbsp;&nbsp; 1252839<br> <sup>(c)(f)</sup><br>|
|  | 1750000 | &nbsp;&nbsp; Trestles CLO III Ltd., Series 2020-3A, Class ER, (3 mo. USD Term SOFR + 6.10%), <br> 10.37%, due 10/20/2037<br>| &nbsp;&nbsp; 1741967<br> <sup>(c)(f)</sup><br>|
|  | 1200000 | &nbsp;&nbsp; TRESTLES CLO Ltd., Series 2017-1A, Class ERR, (3 mo. USD Term SOFR + 5.95%), <br> 10.23%, due 7/25/2037<br>| &nbsp;&nbsp; 1161838<br> <sup>(c)(f)</sup><br>|
|  | 1500000 | &nbsp;&nbsp; Trestles CLO VI Ltd., Series 2023-6A, Class ER, (3 mo. USD Term SOFR + 4.75%), 9.02%, <br> due 4/25/2038<br>| &nbsp;&nbsp; 1392361<br> <sup>(c)(f)</sup><br>|
|  | 2000000 | &nbsp;&nbsp; Trestles CLO VII Ltd., Series 2024-7A, Class D1, (3 mo. USD Term SOFR + 3.10%), <br> 7.38%, due 10/25/2037<br>| &nbsp;&nbsp; 1934012<br> <sup>(c)(f)</sup><br>|
|  | 1500000 | &nbsp;&nbsp; Trinitas CLO XVI Ltd., Series 2021-16A, Class D, (3 mo. USD Term SOFR + 3.56%), <br> 7.83%, due 7/20/2034<br>| &nbsp;&nbsp; 1501816<br> <sup>(c)(f)</sup><br>|
|  | 1000000 | &nbsp;&nbsp; Trinitas CLO XXXI Ltd., Series 2024-31A, Class A1, (3 mo. USD Term SOFR + 1.35%), <br> 5.62%, due 1/22/2038<br>| &nbsp;&nbsp; 995428<br> <sup>(c)(f)</sup><br>|
|  | 6000000 | Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class C, 9.12%, due 4/20/2055 | &nbsp;&nbsp; 6069126<br> <sup>(c)</sup><br>|
|  |  | Verizon Master Trust |  |
|  | 274000 | &nbsp;&nbsp; Series 2024-3, Class A1B, (30 day USD SOFR Average + 0.58%), 4.92%, due <br> 4/22/2030<br>| &nbsp;&nbsp; 273462<br> <sup>(f)</sup><br>|
|  | 289000 | &nbsp;&nbsp; Series 2024-6, Class A1B, (30 day USD SOFR Average + 0.67%), 5.02%, due <br> 8/20/2030<br>| &nbsp;&nbsp; 288798<br> <sup>(f)</sup><br>|
|  |  | Volofin Finance DAC |  |
|  | 6157540 | Series 2024-1A, Class A, 5.94%, due 6/15/2037 | &nbsp;&nbsp; 6202377<br> <sup>(c)</sup><br>|
|  | 2761716 | Series 2024-1A, Class B, 6.21%, due 6/15/2037 | &nbsp;&nbsp; 2781960<br> <sup>(c)</sup><br>|
|  | 1400000 | &nbsp;&nbsp; Voya CLO Ltd., Series 2024-2A, Class E, (3 mo. USD Term SOFR + 6.05%), 10.32%, due <br> 7/20/2037<br>| &nbsp;&nbsp; 1400000<br> <sup>(c)(f)</sup><br>|
|  | 1750000 | &nbsp;&nbsp; Wellington Management CLO 3 Ltd., Series 2024-3A, Class D1, (3 mo. USD Term SOFR + <br> 3.00%), 7.27%, due 7/18/2037<br>| &nbsp;&nbsp; 1742300<br> <sup>(c)(f)</sup><br>|
|  | 2600000 | &nbsp;&nbsp; Whitebox CLO II Ltd., Series 2020-2A, Class E1R2, (3 mo. USD Term SOFR + 5.75%), <br> 10.03%, due 10/24/2037<br>| &nbsp;&nbsp; 2507350<br> <sup>(c)(f)</sup><br>|
|  |  | Ziply Fiber Issuer LLC |  |
|  | 5347000 | Series 2024-1A, Class A2, 6.64%, due 4/20/2054 | &nbsp;&nbsp; 5479023<br> <sup>(c)</sup><br>|
|  | 8500000 | Series 2024-1A, Class C, 11.17%, due 4/20/2054 | &nbsp;&nbsp; 9099392<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **483154060** |
| **Student Loan 0.1%** | **Student Loan 0.1%** | **Student Loan 0.1%** | **Student Loan 0.1%** |
|  |  | Bayview Opportunity Master Fund VII LLC |  |
|  | 1720110 | &nbsp;&nbsp; Series 2024-EDU1, Class C, (30 day USD SOFR Average + 1.80%), 6.15%, due <br> 6/25/2047<br>| &nbsp;&nbsp; 1709775<br> <sup>(c)(f)</sup><br>|
|  | 730733 | &nbsp;&nbsp; Series 2024-EDU1, Class D, (30 day USD SOFR Average + 2.75%), 7.10%, due <br> 6/25/2047<br>| &nbsp;&nbsp; 744770<br> <sup>(c)(f)</sup><br>|
|  | 905656 | ELFI Graduate Loan Program LLC, Series 2024-A, Class A, 5.56%, due 8/25/2049 | &nbsp;&nbsp; 920476<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Student Loan – cont'd** | **Student Loan – cont'd** | **Student Loan – cont'd** |
| $1597000 | SoFi Professional Loan Program LLC, Series 2020-A, Class BFX, 3.12%, due 5/15/2046 | &nbsp;&nbsp; $1362890<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **4737911** |
| **Telecommunications 0.1%** | **Telecommunications 0.1%** | **Telecommunications 0.1%** |
| 3510000 | Crown Castle Towers LLC, 4.24%, due 7/15/2048 | &nbsp;&nbsp; **3446753**<br> <sup>(c)</sup><br>|
| **Total Asset-Backed Securities (Cost $640,739,257)** | **Total Asset-Backed Securities (Cost $640,739,257)** | &nbsp;&nbsp; **641128125** |
| **Corporate Bonds 34.4%** | **Corporate Bonds 34.4%** | **Corporate Bonds 34.4%** |
| **Advertising 0.1%** | **Advertising 0.1%** | **Advertising 0.1%** |
|  | Clear Channel Outdoor Holdings, Inc. |  |
| 1405000 | 5.13%, due 8/15/2027 | &nbsp;&nbsp; 1366064<br> <sup>(c)</sup><br>|
| 1120000 | 9.00%, due 9/15/2028 | &nbsp;&nbsp; 1159260<br> <sup>(c)</sup><br>|
| 610000 | Neptune Bidco U.S., Inc., 9.29%, due 4/15/2029 | &nbsp;&nbsp; 542900<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **3068224** |
| **Aerospace & Defense 0.6%** | **Aerospace & Defense 0.6%** | **Aerospace & Defense 0.6%** |
| 1985000 | AAR Escrow Issuer LLC, 6.75%, due 3/15/2029 | &nbsp;&nbsp; 2032014<br> <sup>(c)</sup><br>|
| 19240000 | Boeing Co., 5.81%, due 5/1/2050 | &nbsp;&nbsp; 18033900 |
|  | Bombardier, Inc. |  |
| 2465000 | 7.25%, due 7/1/2031 | &nbsp;&nbsp; 2523803<br> <sup>(c)</sup><br>|
| 535000 | 7.00%, due 6/1/2032 | &nbsp;&nbsp; 541276<br> <sup>(c)</sup><br>|
| 440000 | GE Capital Funding LLC, 3.45%, due 5/15/2025 | &nbsp;&nbsp; 439708 |
| 780000 | General Electric Co., (3 mo. USD Term SOFR + 0.64%), 4.94%, due 5/5/2026 | &nbsp;&nbsp; 778643<br> <sup>(f)</sup><br>|
| 1780000 | Goat Holdco LLC, 6.75%, due 2/1/2032 | &nbsp;&nbsp; 1739950<br> <sup>(c)</sup><br>|
| 3810000 | L3Harris Technologies, Inc., 5.40%, due 7/31/2033 | &nbsp;&nbsp; 3870156 |
|  | TransDigm, Inc. |  |
| 380000 | 5.50%, due 11/15/2027 | &nbsp;&nbsp; 378191 |
| 1370000 | 4.63%, due 1/15/2029 | &nbsp;&nbsp; 1317710 |
| 1515000 | 6.38%, due 3/1/2029 | &nbsp;&nbsp; 1543349<br> <sup>(c)</sup><br>|
| 1295000 | 7.13%, due 12/1/2031 | &nbsp;&nbsp; 1346006<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **34544706** |
| **Agriculture 0.2%** | **Agriculture 0.2%** | **Agriculture 0.2%** |
| 9375000 | Imperial Brands Finance PLC, 5.88%, due 7/1/2034 | &nbsp;&nbsp; 9511621<br> <sup>(c)</sup><br>|
| 1510000 | JBS USA LUX SARL/JBS USA Food Co./JBS USA Foods Group, 5.95%, due 4/20/2035 | &nbsp;&nbsp; 1553909<br> <sup>(c)</sup><br>|
| 1300000 | Roquette Freres SA, 5.49%, due 11/25/2029 | &nbsp;&nbsp; 1471378<br> <sup>(i)(j)(k)</sup><br>|
| 790000 | Tereos Finance Groupe I SA, 5.75%, due 4/30/2031 | &nbsp;&nbsp; 896739<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **13433647** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
| 1000000 | Air France-KLM, 4.63%, due 5/23/2029 | &nbsp;&nbsp; 1171179<br> <sup>(i)</sup><br>|
| $3860000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, due 4/20/2029 | &nbsp;&nbsp; 3743826<br> <sup>(c)</sup><br>|
| 254000 | Avianca Midco 2 PLC, 9.63%, due 2/14/2030 | &nbsp;&nbsp; 221795<br> <sup>(c)</sup><br>|
| 900000 | Deutsche Lufthansa AG, 5.25%, due 1/15/2055 | &nbsp;&nbsp; 1000092<br> <sup>(i)(j)</sup><br>|
| 1000000 | Transportes Aereos Portugueses SA, 5.13%, due 11/15/2029 | &nbsp;&nbsp; 1142847<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **7279739** |
| **Apparel 0.2%** | **Apparel 0.2%** | **Apparel 0.2%** |
| 3183000 | Birkenstock Financing SARL, 5.25%, due 4/30/2029 | &nbsp;&nbsp; 3636487<br> <sup>(i)</sup><br>|
| 1200000 | CT Investment GmbH, 6.38%, due 4/15/2030 | &nbsp;&nbsp; 1398893<br> <sup>(i)</sup><br>|
| $7101000 | Tapestry, Inc., 5.50%, due 3/11/2035 | &nbsp;&nbsp; 6915753 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Apparel – cont'd** | **Apparel – cont'd** | **Apparel – cont'd** |
| 1523000 | VF Corp., 4.25%, due 3/7/2029 | &nbsp;&nbsp; $1640878 |
|  |  | &nbsp;&nbsp; **13592011** |
| **Auto Manufacturers 0.5%** | **Auto Manufacturers 0.5%** | **Auto Manufacturers 0.5%** |
| $12010000 | Ford Motor Credit Co. LLC, 6.50%, due 2/7/2035 | &nbsp;&nbsp; 11623538 |
| 10025000 | General Motors Financial Co., Inc., 5.63%, due 4/4/2032 | &nbsp;&nbsp; 9947980 |
| 200000 | Hyundai Capital America, 5.50%, due 3/30/2026 | &nbsp;&nbsp; 201146<br> <sup>(c)</sup><br>|
| 300000 | Stellantis NV, 4.00%, due 3/19/2034 | &nbsp;&nbsp; 325971<br> <sup>(i)</sup><br>|
| $770000 | &nbsp;&nbsp; Toyota Motor Credit Corp., (Secured Overnight Financing Rate + 0.77%), 5.13%, due <br> 8/7/2026<br>| &nbsp;&nbsp; 771391<br> <sup>(f)</sup><br>|
| 475000 | &nbsp;&nbsp; Volkswagen Group of America Finance LLC, (Secured Overnight Financing Rate + <br> 0.93%), 5.30%, due 9/12/2025<br>| &nbsp;&nbsp; 475557<br> <sup>(c)(f)</sup><br>|
| 4500000 | Volkswagen International Finance NV, 3.75%, due 12/28/2027 | &nbsp;&nbsp; 4989626<br> <sup>(i)(j)(k)</sup><br>|
|  |  | &nbsp;&nbsp; **28335209** |
| **Auto Parts & Equipment 0.4%** | **Auto Parts & Equipment 0.4%** | **Auto Parts & Equipment 0.4%** |
| $310000 | Adient Global Holdings Ltd., 7.50%, due 2/15/2033 | &nbsp;&nbsp; 293749<br> <sup>(c)</sup><br>|
| 880000 | Clarios Global LP/Clarios U.S. Finance Co., 4.38%, due 5/15/2026 | &nbsp;&nbsp; 994749<br> <sup>(i)</sup><br>|
| 1146000 | Dana Financing Luxembourg SARL, 8.50%, due 7/15/2031 | &nbsp;&nbsp; 1402067<br> <sup>(i)</sup><br>|
|  | Forvia SE |  |
| 380000 | 2.38%, due 6/15/2027 | &nbsp;&nbsp; 410571<br> <sup>(i)</sup><br>|
| 1050000 | 5.50%, due 6/15/2031 | &nbsp;&nbsp; 1124217<br> <sup>(i)</sup><br>|
|  | Goodyear Tire & Rubber Co. |  |
| $2420000 | 5.00%, due 7/15/2029 | &nbsp;&nbsp; 2301800 |
| 435000 | 5.25%, due 4/30/2031 | &nbsp;&nbsp; 405249 |
|  | Grupo Antolin-Irausa SA |  |
| 200000 | 3.50%, due 4/30/2028 | &nbsp;&nbsp; 139374<br> <sup>(i)</sup><br>|
| 855000 | 10.38%, due 1/30/2030 | &nbsp;&nbsp; 646635<br> <sup>(i)</sup><br>|
|  | IHO Verwaltungs GmbH |  |
| 1620000 | 8.75% Cash/ 9.50% PIK, due 5/15/2028 | &nbsp;&nbsp; 1909208<br> <sup>(i)(l)</sup><br>|
| $1600000 | 7.75%, due 11/15/2030 | &nbsp;&nbsp; 1562030<br> <sup>(c)</sup><br>|
|  | Schaeffler AG |  |
| 700000 | 4.75%, due 8/14/2029 | &nbsp;&nbsp; 793280<br> <sup>(i)</sup><br>|
| 2500000 | 4.50%, due 3/28/2030 | &nbsp;&nbsp; 2785356<br> <sup>(i)</sup><br>|
|  | Valeo SE |  |
| 1300000 | 5.88%, due 4/12/2029 | &nbsp;&nbsp; 1532127<br> <sup>(i)</sup><br>|
| 400000 | 4.50%, due 4/11/2030 | &nbsp;&nbsp; 442958<br> <sup>(i)</sup><br>|
|  | ZF Europe Finance BV |  |
| 1000000 | 6.13%, due 3/13/2029 | &nbsp;&nbsp; 1095137<br> <sup>(i)</sup><br>|
| 2200000 | 3.00%, due 10/23/2029 | &nbsp;&nbsp; 2137272<br> <sup>(i)</sup><br>|
| 900000 | ZF Finance GmbH, 3.75%, due 9/21/2028 | &nbsp;&nbsp; 939417<br> <sup>(i)</sup><br>|
|  | ZF North America Capital, Inc. |  |
| $585000 | 6.88%, due 4/14/2028 | &nbsp;&nbsp; 558574<br> <sup>(c)</sup><br>|
| 790000 | 6.75%, due 4/23/2030 | &nbsp;&nbsp; 720929<br> <sup>(c)</sup><br>|
| 510000 | 6.88%, due 4/23/2032 | &nbsp;&nbsp; 447617<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **22642316** |
| **Banks 6.8%** | **Banks 6.8%** | **Banks 6.8%** |
| 5200000 | ABN AMRO Bank NV, 5.52%, due 12/3/2035 | &nbsp;&nbsp; 5233315<br> <sup>(c)(j)</sup><br>|
| 300000 | AMCO - Asset Management Co. SpA, 0.75%, due 4/20/2028 | &nbsp;&nbsp; 322710<br> <sup>(i)</sup><br>|
| $7755000 | Banco Bilbao Vizcaya Argentaria SA, 7.75%, due 1/14/2032 | &nbsp;&nbsp; 7589365<br> <sup>(j)(k)</sup><br>|
| 270000 | Banco BPM SpA, 3.38%, due 1/24/2030 | &nbsp;&nbsp; 315883<br> <sup>(i)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** |
|  | Banco Bradesco SA |  |
| $256000 | 4.38%, due 3/18/2027 | &nbsp;&nbsp; $253361<br> <sup>(c)</sup><br>|
| 200000 | 6.50%, due 1/22/2030 | &nbsp;&nbsp; 207464<br> <sup>(c)</sup><br>|
| 206000 | Banco de Credito del Peru SA, 6.45%, due 7/30/2035 | &nbsp;&nbsp; 205526<br> <sup>(c)(g)(j)</sup><br>|
| 1900000 | Banco do Brasil SA, 8.75%, due 10/15/2025 | &nbsp;&nbsp; 1921369<br> <sup>(i)(j)(k)</sup><br>|
|  | Banco Mercantil del Norte SA |  |
| 1500000 | 6.63%, due 1/24/2032 | &nbsp;&nbsp; 1335069<br> <sup>(c)(j)(k)</sup><br>|
| 760000 | 8.75%, due 5/20/2035 | &nbsp;&nbsp; 757828<br> <sup>(c)(j)(k)</sup><br>|
| 570000 | &nbsp;&nbsp; Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, <br> 5.62%, due 12/10/2029<br>| &nbsp;&nbsp; 577125<br> <sup>(c)</sup><br>|
|  | Banco Santander SA |  |
| 4400000 | 4.75%, due 11/12/2026 | &nbsp;&nbsp; 4150821<br> <sup>(j)(k)</sup><br>|
| 6400000 | 6.03%, due 1/17/2035 | &nbsp;&nbsp; 6646247 |
| 273000 | Banco Votorantim SA, 5.88%, due 4/8/2028 | &nbsp;&nbsp; 275184<br> <sup>(c)</sup><br>|
|  | Bangkok Bank PCL |  |
| 200000 | 4.30%, due 6/15/2027 | &nbsp;&nbsp; 198910<br> <sup>(c)</sup><br>|
| 1270000 | 5.65%, due 7/5/2034 | &nbsp;&nbsp; 1298320<br> <sup>(c)</sup><br>|
| 200000 | Bank Negara Indonesia Persero Tbk. PT, 3.75%, due 3/30/2026 | &nbsp;&nbsp; 194494<br> <sup>(i)</sup><br>|
|  | Bank of America Corp. |  |
| 3330000 | 4.38%, due 1/27/2027 | &nbsp;&nbsp; 3190728<br> <sup>(j)(k)</sup><br>|
| 1525000 | (Secured Overnight Financing Rate + 1.35%), 5.72%, due 9/15/2027 | &nbsp;&nbsp; 1532721<br> <sup>(f)</sup><br>|
| 6735000 | 4.95%, due 7/22/2028 | &nbsp;&nbsp; 6807221<br> <sup>(j)</sup><br>|
| 5705000 | 6.63%, due 5/1/2030 | &nbsp;&nbsp; 5707627<br> <sup>(j)(k)</sup><br>|
| 11675000 | 5.16%, due 1/24/2031 | &nbsp;&nbsp; 11892568<br> <sup>(j)</sup><br>|
| 5835000 | 5.51%, due 1/24/2036 | &nbsp;&nbsp; 5914396<br> <sup>(j)</sup><br>|
| 465000 | &nbsp;&nbsp; Bank of New York Mellon, (Secured Overnight Financing Rate Index + 0.71%), 5.09%, <br> due 4/20/2027<br>| &nbsp;&nbsp; 465937<br> <sup>(f)</sup><br>|
| 11125000 | Bank of New York Mellon Corp., 3.75%, due 12/20/2026 | &nbsp;&nbsp; 10515528<br> <sup>(j)(k)</sup><br>|
| 100000 | Bank of New Zealand, 2.55%, due 6/29/2027 | &nbsp;&nbsp; 114037<br> <sup>(i)</sup><br>|
|  | Banque Federative du Credit Mutuel SA |  |
| $2555000 | 5.90%, due 7/13/2026 | &nbsp;&nbsp; 2596482<br> <sup>(c)</sup><br>|
| 1745000 | 5.09%, due 1/23/2027 | &nbsp;&nbsp; 1762544<br> <sup>(c)</sup><br>|
| 4825000 | 4.75%, due 7/13/2027 | &nbsp;&nbsp; 4844246<br> <sup>(c)</sup><br>|
|  | Barclays PLC |  |
| 3550000 | 4.38%, due 3/15/2028 | &nbsp;&nbsp; 3181804<br> <sup>(j)(k)</sup><br>|
| 2065000 | 8.00%, due 3/15/2029 | &nbsp;&nbsp; 2109643<br> <sup>(j)(k)</sup><br>|
| 3090000 | 9.63%, due 12/15/2029 | &nbsp;&nbsp; 3373229<br> <sup>(j)(k)</sup><br>|
| 4170000 | 7.63%, due 3/15/2035 | &nbsp;&nbsp; 3989221<br> <sup>(j)(k)</sup><br>|
|  | BNP Paribas SA |  |
| 4840000 | 4.63%, due 1/12/2027 | &nbsp;&nbsp; 4573628<br> <sup>(c)(j)(k)</sup><br>|
| 690000 | 9.25%, due 11/17/2027 | &nbsp;&nbsp; 725977<br> <sup>(c)(j)(k)</sup><br>|
| 655000 | 4.50%, due 2/25/2030 | &nbsp;&nbsp; 560039<br> <sup>(c)(j)(k)</sup><br>|
| 1965000 | 4.63%, due 2/25/2031 | &nbsp;&nbsp; 1657785<br> <sup>(c)(j)(k)</sup><br>|
|  | BPCE SA |  |
| 200000 | 4.13%, due 3/8/2033 | &nbsp;&nbsp; 231943<br> <sup>(i)(j)</sup><br>|
| $3515000 | 5.94%, due 5/30/2035 | &nbsp;&nbsp; 3554696<br> <sup>(c)(j)</sup><br>|
| 10930000 | 6.92%, due 1/14/2046 | &nbsp;&nbsp; 11110360<br> <sup>(c)(j)</sup><br>|
|  | CBQ Finance Ltd. |  |
| 200000 | 2.00%, due 5/12/2026 | &nbsp;&nbsp; 194098<br> <sup>(i)</sup><br>|
| 200000 | 5.38%, due 3/28/2029 | &nbsp;&nbsp; 204223<br> <sup>(i)</sup><br>|
| 995000 | Citibank NA, (Secured Overnight Financing Rate + 0.71%), 5.08%, due 11/19/2027 | &nbsp;&nbsp; 995617<br> <sup>(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Banks – cont'd** | **Banks – cont'd** |
|  | Citigroup, Inc. |
| $245000 | 4.00%, due 12/10/2025<br> &nbsp;&nbsp; $239586<br> <sup>(j)(k)</sup><br>|
| 6330000 | 3.88%, due 2/18/2026<br> &nbsp;&nbsp; 6156289<br> <sup>(j)(k)</sup><br>|
| 3140000 | 4.15%, due 11/15/2026<br> &nbsp;&nbsp; 2990023<br> <sup>(j)(k)</sup><br>|
| 3670000 | 7.13%, due 8/15/2029<br> &nbsp;&nbsp; 3619558<br> <sup>(j)(k)</sup><br>|
| 4340000 | 7.00%, due 8/15/2034<br> &nbsp;&nbsp; 4305903<br> <sup>(j)(k)</sup><br>|
| 14035000 | 6.02%, due 1/24/2036<br> &nbsp;&nbsp; 14073647<br> <sup>(j)</sup><br>|
|  | Citizens Financial Group, Inc. |
| 2400000 | (3 mo. USD Term SOFR + 3.26%), 7.55%, due 7/6/2025<br> &nbsp;&nbsp; 2342190<br> <sup>(f)(k)</sup><br>|
| 1203000 | (3 mo. USD Term SOFR + 3.42%), 7.70%, due 7/6/2025<br> &nbsp;&nbsp; 1183221<br> <sup>(f)(k)</sup><br>|
| 200000 | Commonwealth Bank of Australia, 0.75%, due 2/28/2028<br> &nbsp;&nbsp; 217199<br> <sup>(i)</sup><br>|
| 100000 | Crelan SA, 6.00%, due 2/28/2030<br> &nbsp;&nbsp; 123815<br> <sup>(i)(j)</sup><br>|
| $200000 | DBS Group Holdings Ltd., 5.48%, due 9/12/2025<br> &nbsp;&nbsp; 200539<br> <sup>(c)</sup><br>|
| 2200000 | Deutsche Bank AG, 6.00%, due 10/30/2025<br> &nbsp;&nbsp; 2154542<br> <sup>(j)(k)</sup><br>|
| 200000 | Development Bank of Kazakhstan JSC, 5.50%, due 4/15/2027<br> &nbsp;&nbsp; 200938<br> <sup>(c)</sup><br>|
|  | Fifth Third Bancorp |
| 1793000 | (3 mo. USD Term SOFR + 3.29%), 7.59%, due 5/31/2025<br> &nbsp;&nbsp; 1755507<br> <sup>(f)(k)</sup><br>|
| 1661000 | 1.71%, due 11/1/2027<br> &nbsp;&nbsp; 1589065<br> <sup>(j)</sup><br>|
| 4070000 | 4.34%, due 4/25/2033<br> &nbsp;&nbsp; 3814650<br> <sup>(j)</sup><br>|
| 660000 | &nbsp;&nbsp; Fifth Third Bank NA, (Secured Overnight Financing Rate + 0.81%), 5.19%, due <br> 1/28/2028<br>&nbsp;&nbsp; 654666<br> <sup>(f)</sup><br>|
| 245000 | Freedom Mortgage Corp., 6.63%, due 1/15/2027<br> &nbsp;&nbsp; 243160<br> <sup>(c)</sup><br>|
| 1270000 | &nbsp;&nbsp; Goldman Sachs Bank USA, (Secured Overnight Financing Rate + 0.75%), 5.11%, due <br> 5/21/2027<br>&nbsp;&nbsp; 1267250<br> <sup>(f)</sup><br>|
|  | Goldman Sachs Group, Inc. |
| 685000 | 3.80%, due 5/10/2026<br> &nbsp;&nbsp; 661128<br> <sup>(j)(k)</sup><br>|
| 1060000 | 3.65%, due 8/10/2026<br> &nbsp;&nbsp; 1013163<br> <sup>(j)(k)</sup><br>|
| 1345000 | 4.13%, due 11/10/2026<br> &nbsp;&nbsp; 1284645<br> <sup>(j)(k)</sup><br>|
| 305000 | (Secured Overnight Financing Rate + 1.85%), 6.22%, due 3/15/2028<br> &nbsp;&nbsp; 309103<br> <sup>(f)</sup><br>|
| 4430000 | 7.50%, due 5/10/2029<br> &nbsp;&nbsp; 4517550<br> <sup>(j)(k)</sup><br>|
| 15930000 | 5.22%, due 4/23/2031<br> &nbsp;&nbsp; 16223895<br> <sup>(j)</sup><br>|
| 4000000 | 6.13%, due 11/10/2034<br> &nbsp;&nbsp; 3771329<br> <sup>(j)(k)</sup><br>|
|  | Grupo Aval Ltd. |
| 1235000 | 4.38%, due 2/4/2030<br> &nbsp;&nbsp; 1086809<br> <sup>(c)</sup><br>|
| 200000 | 4.38%, due 2/4/2030<br> &nbsp;&nbsp; 176001<br> <sup>(i)</sup><br>|
| 200000 | Gulf International Bank BSC, 5.75%, due 6/5/2029<br> &nbsp;&nbsp; 206061<br> <sup>(i)</sup><br>|
|  | HSBC Holdings PLC |
| 1510000 | 4.00%, due 3/9/2026<br> &nbsp;&nbsp; 1480637<br> <sup>(j)(k)</sup><br>|
| 1555000 | 8.00%, due 3/7/2028<br> &nbsp;&nbsp; 1615032<br> <sup>(j)(k)</sup><br>|
| 1170000 | 4.70%, due 3/9/2031<br> &nbsp;&nbsp; 1028709<br> <sup>(j)(k)</sup><br>|
|  | Huntington Bancshares, Inc. |
| 2256000 | 4.45%, due 10/15/2027<br> &nbsp;&nbsp; 2147959<br> <sup>(j)(k)</sup><br>|
| 523000 | 5.63%, due 7/15/2030<br> &nbsp;&nbsp; 514460<br> <sup>(j)(k)</sup><br>|
| 3690000 | 5.71%, due 2/2/2035<br> &nbsp;&nbsp; 3696682<br> <sup>(j)</sup><br>|
|  | ING Groep NV |
| 2895000 | 5.75%, due 11/16/2026<br> &nbsp;&nbsp; 2847679<br> <sup>(j)(k)</sup><br>|
| 4892000 | 3.88%, due 5/16/2027<br> &nbsp;&nbsp; 4408076<br> <sup>(j)(k)</sup><br>|
| 7160000 | 4.25%, due 5/16/2031<br> &nbsp;&nbsp; 5780093<br> <sup>(j)(k)</sup><br>|
| 200000 | Itau Unibanco Holding SA, 6.00%, due 2/27/2030<br> &nbsp;&nbsp; 204710<br> <sup>(c)</sup><br>|
|  | JPMorgan Chase & Co. |
| 441000 | (3 mo. USD Term SOFR + 2.84%), 7.13%, due 8/1/2025<br> &nbsp;&nbsp; 440280<br> <sup>(f)(k)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> |
| **Banks – cont'd** | **Banks – cont'd** |
| $710000 | 3.65%, due 6/1/2026<br> &nbsp;&nbsp; $687873<br> <sup>(j)(k)</sup><br>|
| 347000 | (Secured Overnight Financing Rate + 0.89%), 5.26%, due 4/22/2027<br> &nbsp;&nbsp; 347631<br> <sup>(f)</sup><br>|
| 730000 | (Secured Overnight Financing Rate + 0.77%), 5.14%, due 9/22/2027<br> &nbsp;&nbsp; 728540<br> <sup>(f)</sup><br>|
| 535000 | (Secured Overnight Financing Rate + 1.20%), 5.58%, due 1/23/2028<br> &nbsp;&nbsp; 537682<br> <sup>(f)</sup><br>|
| 7500000 | 2.18%, due 6/1/2028<br> &nbsp;&nbsp; 7176769<br> <sup>(j)</sup><br>|
| 9020000 | 5.10%, due 4/22/2031<br> &nbsp;&nbsp; 9183389<br> <sup>(j)</sup><br>|
| 11425000 | 5.50%, due 1/24/2036<br> &nbsp;&nbsp; 11624552<br> <sup>(j)</sup><br>|
| 200000 | KEB Hana Bank, 3.25%, due 3/30/2027<br> &nbsp;&nbsp; 196457<br> <sup>(c)</sup><br>|
|  | Kreditanstalt fuer Wiederaufbau |
| 224000 | 0.00%, due 6/15/2026<br> &nbsp;&nbsp; 248641<br> <sup>(i)</sup><br>|
| 82000 | 1.25%, due 6/30/2027<br> &nbsp;&nbsp; 91654<br> <sup>(i)</sup><br>|
| 138000 | 2.75%, due 3/15/2028<br> &nbsp;&nbsp; 159671<br> <sup>(i)</sup><br>|
| 39000 | 0.75%, due 1/15/2029<br> &nbsp;&nbsp; 42051<br> <sup>(i)</sup><br>|
| 72000 | 2.88%, due 12/28/2029<br> &nbsp;&nbsp; 83738<br> <sup>(i)</sup><br>|
| 124000 | 0.00%, due 9/15/2031<br> &nbsp;&nbsp; 120444<br> <sup>(i)</sup><br>|
| 171000 | 2.50%, due 10/15/2031<br> &nbsp;&nbsp; 194230<br> <sup>(i)</sup><br>|
|  | Lloyds Banking Group PLC |
| $1055000 | 7.50%, due 9/27/2025<br> &nbsp;&nbsp; 1051755<br> <sup>(j)(k)</sup><br>|
| 2185000 | 8.00%, due 9/27/2029<br> &nbsp;&nbsp; 2239975<br> <sup>(j)(k)</sup><br>|
| 7590000 | 5.59%, due 11/26/2035<br> &nbsp;&nbsp; 7599409<br> <sup>(j)</sup><br>|
|  | M&T Bank Corp. |
| 665000 | 7.30%, due 8/1/2025<br> &nbsp;&nbsp; 656148<br> <sup>(j)(k)</sup><br>|
| 3685000 | 3.50%, due 9/1/2026<br> &nbsp;&nbsp; 3371912<br> <sup>(j)(k)</sup><br>|
|  | Morgan Stanley |
| 9045000 | 5.19%, due 4/17/2031<br> &nbsp;&nbsp; 9208980<br> <sup>(j)</sup><br>|
| 100000 | 3.52%, due 5/22/2031<br> &nbsp;&nbsp; 114255<br> <sup>(j)</sup><br>|
| $6270000 | 5.25%, due 4/21/2034<br> &nbsp;&nbsp; 6269986<br> <sup>(j)</sup><br>|
| 300000 | 3.96%, due 3/21/2035<br> &nbsp;&nbsp; 341704<br> <sup>(j)</sup><br>|
| $12380000 | 5.32%, due 7/19/2035<br> &nbsp;&nbsp; 12324087<br> <sup>(j)</sup><br>|
| 1445000 | &nbsp;&nbsp; Morgan Stanley Bank NA, (Secured Overnight Financing Rate + 0.69%), 5.06%, due <br> 10/15/2027<br>&nbsp;&nbsp; 1439514<br> <sup>(f)</sup><br>|
| 200000 | National Australia Bank Ltd., 2.35%, due 8/30/2029<br> &nbsp;&nbsp; 225013<br> <sup>(i)</sup><br>|
| 200000 | Nationale-Nederlanden Bank NV, 1.00%, due 9/25/2028<br> &nbsp;&nbsp; 216473<br> <sup>(i)</sup><br>|
|  | NatWest Group PLC |
| $1020000 | 6.00%, due 12/29/2025<br> &nbsp;&nbsp; 1013717<br> <sup>(j)(k)</sup><br>|
| 12380000 | 4.60%, due 6/28/2031<br> &nbsp;&nbsp; 10259873<br> <sup>(j)(k)</sup><br>|
| 4195000 | 8.13%, due 11/10/2033<br> &nbsp;&nbsp; 4332340<br> <sup>(j)(k)</sup><br>|
|  | Nordea Bank Abp |
| 475000 | (Secured Overnight Financing Rate + 0.74%), 5.11%, due 3/19/2027<br> &nbsp;&nbsp; 475778<br> <sup>(c)(f)</sup><br>|
| 3400000 | 3.75%, due 3/1/2029<br> &nbsp;&nbsp; 2987047<br> <sup>(c)(j)(k)</sup><br>|
| 200000 | Permanent TSB Group Holdings PLC, 3.00%, due 8/19/2031<br> &nbsp;&nbsp; 223465<br> <sup>(i)(j)</sup><br>|
| $815000 | PNC Bank NA, (Secured Overnight Financing Rate + 0.50%), 4.88%, due 1/15/2027<br> &nbsp;&nbsp; 814117<br> <sup>(f)</sup><br>|
|  | PNC Financial Services Group, Inc. |
| 7168000 | 3.40%, due 9/15/2026<br> &nbsp;&nbsp; 6741441<br> <sup>(j)(k)</sup><br>|
| 1625000 | 6.25%, due 3/15/2030<br> &nbsp;&nbsp; 1598748<br> <sup>(j)(k)</sup><br>|
| 3330000 | 6.88%, due 10/20/2034<br> &nbsp;&nbsp; 3660620<br> <sup>(j)</sup><br>|
| 5345000 | Santander U.K. Group Holdings PLC, 6.83%, due 11/21/2026<br> &nbsp;&nbsp; 5398907<br> <sup>(j)</sup><br>|
| 3400000 | Skandinaviska Enskilda Banken AB, 5.13%, due 5/13/2025<br> &nbsp;&nbsp; 3400000<br> <sup>(i)(j)(k)</sup><br>|
| 200000 | Standard Chartered PLC, 6.19%, due 7/6/2027<br> &nbsp;&nbsp; 203179<br> <sup>(c)(j)</sup><br>|
|  | State Street Corp. |
| 200000 | (Secured Overnight Financing Rate + 0.85%), 5.21%, due 8/3/2026<br> &nbsp;&nbsp; 199989<br> <sup>(f)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** |
| $925000 | (Secured Overnight Financing Rate + 0.64%), 5.02%, due 10/22/2027 | &nbsp;&nbsp; $921577<br> <sup>(f)</sup><br>|
| 1945000 | Sumitomo Mitsui Financial Group, Inc., 3.01%, due 10/19/2026 | &nbsp;&nbsp; 1909075 |
| 3500000 | Toronto-Dominion Bank, 5.53%, due 7/17/2026 | &nbsp;&nbsp; 3547332 |
|  | Truist Financial Corp. |  |
| 435000 | 3.70%, due 6/5/2025 | &nbsp;&nbsp; 434524 |
| 5125000 | 6.67%, due 9/1/2025 | &nbsp;&nbsp; 5033838<br> <sup>(j)(k)</sup><br>|
| 355000 | 5.10%, due 3/1/2030 | &nbsp;&nbsp; 339895<br> <sup>(j)(k)</sup><br>|
|  | Turkiye Vakiflar Bankasi TAO |  |
| 280000 | 9.00%, due 10/12/2028 | &nbsp;&nbsp; 293731<br> <sup>(c)</sup><br>|
| 1750000 | 8.99%, due 10/5/2034 | &nbsp;&nbsp; 1770086<br> <sup>(c)(j)</sup><br>|
| 19000000 | U.S. Bancorp, 3.70%, due 1/15/2027 | &nbsp;&nbsp; 17749692<br> <sup>(j)(k)</sup><br>|
| 1155000 | U.S. Bank NA, (Secured Overnight Financing Rate + 0.69%), 5.07%, due 10/22/2027 | &nbsp;&nbsp; 1150859<br> <sup>(f)</sup><br>|
|  | UBS Group AG |  |
| 3551000 | 6.88%, due 8/7/2025 | &nbsp;&nbsp; 3551000<br> <sup>(i)(j)(k)</sup><br>|
| 1250000 | 2.19%, due 6/5/2026 | &nbsp;&nbsp; 1246810<br> <sup>(c)(j)</sup><br>|
| 795000 | 4.88%, due 2/12/2027 | &nbsp;&nbsp; 760089<br> <sup>(c)(j)(k)</sup><br>|
| 5115000 | 7.00%, due 2/10/2030 | &nbsp;&nbsp; 4942620<br> <sup>(c)(j)(k)</sup><br>|
| 420000 | 4.38%, due 2/10/2031 | &nbsp;&nbsp; 359663<br> <sup>(c)(j)(k)</sup><br>|
| 9160000 | 9.25%, due 11/13/2033 | &nbsp;&nbsp; 10238956<br> <sup>(c)(j)(k)</sup><br>|
| 250000 | UniCredit SpA, 3.88%, due 6/3/2027 | &nbsp;&nbsp; 273337<br> <sup>(i)(j)(k)</sup><br>|
| 100000 | Virgin Money U.K. PLC, 4.00%, due 3/18/2028 | &nbsp;&nbsp; 116040<br> <sup>(i)(j)</sup><br>|
| $1155000 | Walker & Dunlop, Inc., 6.63%, due 4/1/2033 | &nbsp;&nbsp; 1174820<br> <sup>(c)</sup><br>|
|  | Wells Fargo & Co. |  |
| 3855000 | 3.90%, due 3/15/2026 | &nbsp;&nbsp; 3786243<br> <sup>(j)(k)</sup><br>|
| 630000 | (Secured Overnight Financing Rate + 0.78%), 5.16%, due 1/24/2028 | &nbsp;&nbsp; 626846<br> <sup>(f)</sup><br>|
| 10875000 | 6.49%, due 10/23/2034 | &nbsp;&nbsp; 11695420<br> <sup>(j)</sup><br>|
| 885000 | &nbsp;&nbsp; Wells Fargo Bank NA, (Secured Overnight Financing Rate + 1.07%), 5.44%, due <br> 12/11/2026<br>| &nbsp;&nbsp; 890045<br> <sup>(f)</sup><br>|
|  | Yapi ve Kredi Bankasi AS |  |
| 200000 | 9.25%, due 10/16/2028 | &nbsp;&nbsp; 211000<br> <sup>(c)</sup><br>|
| 600000 | 9.74%, due 4/4/2029 | &nbsp;&nbsp; 605652<br> <sup>(c)(j)(k)</sup><br>|
|  |  | &nbsp;&nbsp; **415255942** |
| **Beverages 0.1%** | **Beverages 0.1%** | **Beverages 0.1%** |
| 720000 | &nbsp;&nbsp; Keurig Dr. Pepper, Inc., (Secured Overnight Financing Rate + 0.58%), 4.97%, due <br> 11/15/2026<br>| &nbsp;&nbsp; 720487<br> <sup>(f)(g)</sup><br>|
| 600000 | &nbsp;&nbsp; Pepsico Singapore Financing I Pte. Ltd., (Secured Overnight Financing Rate Index + <br> 0.56%), 4.92%, due 2/16/2027<br>| &nbsp;&nbsp; 599968<br> <sup>(f)</sup><br>|
| 1600000 | Primo Water Holdings, Inc./Triton Water Holdings, Inc., 3.88%, due 10/31/2028 | &nbsp;&nbsp; 1784020<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **3104475** |
| **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** |
|  | Amgen, Inc. |  |
| $865000 | 5.51%, due 3/2/2026 | &nbsp;&nbsp; 865191 |
| 6420000 | 5.75%, due 3/2/2063 | &nbsp;&nbsp; 6105361 |
|  |  | &nbsp;&nbsp; **6970552** |
| **Building Materials 0.4%** | **Building Materials 0.4%** | **Building Materials 0.4%** |
| 1010000 | Builders FirstSource, Inc., 6.38%, due 3/1/2034 | &nbsp;&nbsp; 1002460<br> <sup>(c)</sup><br>|
|  | Cornerstone Building Brands, Inc. |  |
| 540000 | 6.13%, due 1/15/2029 | &nbsp;&nbsp; 362215<br> <sup>(c)</sup><br>|
| 1215000 | 9.50%, due 8/15/2029 | &nbsp;&nbsp; 1057068<br> <sup>(c)</sup><br>|
| 787000 | EMRLD Borrower LP/Emerald Co-Issuer, Inc., 6.38%, due 12/15/2030 | &nbsp;&nbsp; 923258<br> <sup>(i)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Building Materials – cont'd** | **Building Materials – cont'd** | **Building Materials – cont'd** |
| 515000 | HT Troplast GmbH, 9.38%, due 7/15/2028 | &nbsp;&nbsp; $589435<br> <sup>(i)</sup><br>|
|  | Jeld-Wen, Inc. |  |
| $1390000 | 4.88%, due 12/15/2027 | &nbsp;&nbsp; 1283870<br> <sup>(c)</sup><br>|
| 2365000 | 7.00%, due 9/1/2032 | &nbsp;&nbsp; 2077038<br> <sup>(c)</sup><br>|
| 1125000 | Masterbrand, Inc., 7.00%, due 7/15/2032 | &nbsp;&nbsp; 1127728<br> <sup>(c)</sup><br>|
| 2045000 | MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030 | &nbsp;&nbsp; 1842894<br> <sup>(c)</sup><br>|
| 1154727 | PCF GmbH, 4.75%, due 4/15/2029 | &nbsp;&nbsp; 1009172<br> <sup>(i)</sup><br>|
|  | Quikrete Holdings, Inc. |  |
| $1870000 | 6.38%, due 3/1/2032 | &nbsp;&nbsp; 1880539<br> <sup>(c)</sup><br>|
| 4590000 | 6.75%, due 3/1/2033 | &nbsp;&nbsp; 4607170<br> <sup>(c)</sup><br>|
|  | Standard Industries, Inc. |  |
| 4690000 | 4.38%, due 7/15/2030 | &nbsp;&nbsp; 4373960<br> <sup>(c)</sup><br>|
| 1065000 | 3.38%, due 1/15/2031 | &nbsp;&nbsp; 940350<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **23077157** |
| **Chemicals 0.4%** | **Chemicals 0.4%** | **Chemicals 0.4%** |
|  | Avient Corp. |  |
| 1315000 | 7.13%, due 8/1/2030 | &nbsp;&nbsp; 1340771<br> <sup>(c)</sup><br>|
| 1115000 | 6.25%, due 11/1/2031 | &nbsp;&nbsp; 1103081<br> <sup>(c)</sup><br>|
|  | Celanese U.S. Holdings LLC |  |
| 435000 | 6.60%, due 11/15/2028 | &nbsp;&nbsp; 439760<br> <sup>(m)</sup><br>|
| 715000 | 6.50%, due 4/15/2030 | &nbsp;&nbsp; 698645 |
| 430000 | 6.80%, due 11/15/2030 | &nbsp;&nbsp; 429850<br> <sup>(m)</sup><br>|
| 200000 | 6.63%, due 7/15/2032 | &nbsp;&nbsp; 196629<br> <sup>(m)</sup><br>|
| 1420000 | 6.75%, due 4/15/2033 | &nbsp;&nbsp; 1332932 |
| 195000 | 6.95%, due 11/15/2033 | &nbsp;&nbsp; 195378<br> <sup>(m)</sup><br>|
| 200000 | Consolidated Energy Finance SA, 12.00%, due 2/15/2031 | &nbsp;&nbsp; 180295<br> <sup>(c)</sup><br>|
| 1220000 | INEOS Finance PLC, 6.75%, due 5/15/2028 | &nbsp;&nbsp; 1191117<br> <sup>(c)</sup><br>|
|  | INEOS Quattro Finance 2 PLC |  |
| 470000 | 8.50%, due 3/15/2029 | &nbsp;&nbsp; 510322<br> <sup>(i)</sup><br>|
| 630000 | 6.75%, due 4/15/2030 | &nbsp;&nbsp; 640704<br> <sup>(i)</sup><br>|
|  | Kronos International, Inc. |  |
| 215000 | 3.75%, due 9/15/2025 | &nbsp;&nbsp; 241261<br> <sup>(i)</sup><br>|
| 766000 | 9.50%, due 3/15/2029 | &nbsp;&nbsp; 916281<br> <sup>(i)</sup><br>|
| 790000 | Lune Holdings SARL, 5.63%, due 11/15/2028 | &nbsp;&nbsp; 617598<br> <sup>(i)</sup><br>|
| $200000 | MEGlobal Canada ULC, 5.00%, due 5/18/2025 | &nbsp;&nbsp; 199990<br> <sup>(c)</sup><br>|
| 1294000 | Monitchem HoldCo 3 SA, 8.75%, due 5/1/2028 | &nbsp;&nbsp; 1440434<br> <sup>(i)</sup><br>|
|  | Olympus Water U.S. Holding Corp. |  |
| 1781000 | 3.88%, due 10/1/2028 | &nbsp;&nbsp; 1908818<br> <sup>(i)</sup><br>|
| $860000 | 4.25%, due 10/1/2028 | &nbsp;&nbsp; 794496<br> <sup>(c)</sup><br>|
| 1647000 | 9.63%, due 11/15/2028 | &nbsp;&nbsp; 1945102<br> <sup>(i)</sup><br>|
| $1590000 | 9.75%, due 11/15/2028 | &nbsp;&nbsp; 1656713<br> <sup>(c)</sup><br>|
| 2245000 | 7.25%, due 6/15/2031 | &nbsp;&nbsp; 2245000<br> <sup>(c)</sup><br>|
| 200000 | Orbia Advance Corp. SAB de CV, 1.88%, due 5/11/2026 | &nbsp;&nbsp; 198001<br> <sup>(i)</sup><br>|
| 300000 | Sasol Financing USA LLC, 6.50%, due 9/27/2028 | &nbsp;&nbsp; 278128 |
|  | Sociedad Quimica y Minera de Chile SA |  |
| 1145000 | 6.50%, due 11/7/2033 | &nbsp;&nbsp; 1193663<br> <sup>(c)</sup><br>|
| 1140000 | 5.50%, due 9/10/2034 | &nbsp;&nbsp; 1102380<br> <sup>(c)</sup><br>|
| 975000 | Synthomer PLC, 7.38%, due 5/2/2029 | &nbsp;&nbsp; 1043992<br> <sup>(i)</sup><br>|
| $825000 | Tronox, Inc., 4.63%, due 3/15/2029 | &nbsp;&nbsp; 667817<br> <sup>(c)</sup><br>|
| 730000 | Vibrantz Technologies, Inc., 9.00%, due 2/15/2030 | &nbsp;&nbsp; 552949<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Chemicals – cont'd** | **Chemicals – cont'd** | **Chemicals – cont'd** |
|  | WR Grace Holdings LLC |  |
| $685000 | 5.63%, due 8/15/2029 | &nbsp;&nbsp; $606874<br> <sup>(c)</sup><br>|
| 1055000 | 7.38%, due 3/1/2031 | &nbsp;&nbsp; 1060632<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **26929613** |
| **Commercial Services 1.0%** | **Commercial Services 1.0%** | **Commercial Services 1.0%** |
|  | AA Bond Co. Ltd. |  |
| 131966 | 6.50%, due 1/31/2026 | &nbsp;&nbsp; 175432<br> <sup>(c)</sup><br>|
| 254084 | 6.50%, due 1/31/2026 | &nbsp;&nbsp; 337771<br> <sup>(i)</sup><br>|
| 1268000 | 8.45%, due 7/31/2050 | &nbsp;&nbsp; 1796853<br> <sup>(i)</sup><br>|
| $2040000 | Allied Universal Holdco LLC, 7.88%, due 2/15/2031 | &nbsp;&nbsp; 2083576<br> <sup>(c)</sup><br>|
| 1225000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, due 6/1/2029 | &nbsp;&nbsp; 1148775<br> <sup>(c)</sup><br>|
| 1300000 | &nbsp;&nbsp; Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.88%, <br> due 6/1/2028<br>| &nbsp;&nbsp; 1647552<br> <sup>(i)</sup><br>|
| 1305000 | Amber Finco PLC, 6.63%, due 7/15/2029 | &nbsp;&nbsp; 1539567<br> <sup>(i)</sup><br>|
|  | BCP V Modular Services Finance II PLC |  |
| 380000 | 4.75%, due 11/30/2028 | &nbsp;&nbsp; 415117<br> <sup>(i)</sup><br>|
| 866000 | 6.13%, due 11/30/2028 | &nbsp;&nbsp; 1093528<br> <sup>(i)</sup><br>|
| 495000 | BCP V Modular Services Finance PLC, 6.75%, due 11/30/2029 | &nbsp;&nbsp; 503045<br> <sup>(i)</sup><br>|
| $1980000 | Block, Inc., 6.50%, due 5/15/2032 | &nbsp;&nbsp; 2020154<br> <sup>(c)</sup><br>|
| 1254000 | Boels Topholding BV, 5.75%, due 5/15/2030 | &nbsp;&nbsp; 1466083<br> <sup>(i)</sup><br>|
| $2085000 | Boost Newco Borrower LLC, 7.50%, due 1/15/2031 | &nbsp;&nbsp; 2200209<br> <sup>(c)</sup><br>|
| 1513000 | Boost Newco Borrower LLC/GTCR W Dutch Finance Sub BV, 8.50%, due 1/15/2031 | &nbsp;&nbsp; 2166372<br> <sup>(i)</sup><br>|
| $2625000 | Champions Financing, Inc., 8.75%, due 2/15/2029 | &nbsp;&nbsp; 2311090<br> <sup>(c)</sup><br>|
| 247000 | CMHI Finance BVI Co. Ltd., 4.00%, due 6/1/2027 | &nbsp;&nbsp; 246126<br> <sup>(i)</sup><br>|
| 2365000 | Garda World Security Corp., 8.25%, due 8/1/2032 | &nbsp;&nbsp; 2323358<br> <sup>(c)</sup><br>|
| 2055000 | Georgetown University, 2.94%, due 4/1/2050 | &nbsp;&nbsp; 1316177 |
| 500000 | Kapla Holding SAS, (3 mo. EUR EURIBOR + 3.50%), 6.00%, due 7/31/2030 | &nbsp;&nbsp; 566356<br> <sup>(f)(i)</sup><br>|
| 155000 | Loxam SAS, 6.38%, due 5/31/2029 | &nbsp;&nbsp; 183931<br> <sup>(i)</sup><br>|
| $1163000 | Movida Europe SA, 7.85%, due 4/11/2029 | &nbsp;&nbsp; 1024069<br> <sup>(c)</sup><br>|
| 796000 | Multiversity SpA, (3 mo. EUR EURIBOR + 4.25%), 6.44%, due 10/30/2028 | &nbsp;&nbsp; 899495<br> <sup>(f)(i)</sup><br>|
| 1630000 | Pachelbel Bidco SpA, 7.13%, due 5/17/2031 | &nbsp;&nbsp; 1948323<br> <sup>(i)</sup><br>|
| $525000 | &nbsp;&nbsp; PayPal Holdings, Inc., (Secured Overnight Financing Rate + 0.67%), 5.04%, due <br> 3/6/2028<br>| &nbsp;&nbsp; 525071<br> <sup>(f)</sup><br>|
| 6060000 | Prime Security Services Borrower LLC/Prime Finance, Inc., 6.25%, due 1/15/2028 | &nbsp;&nbsp; 6055006<br> <sup>(c)</sup><br>|
| 815000 | Q-Park Holding I BV, 5.13%, due 3/1/2029 | &nbsp;&nbsp; 946555<br> <sup>(i)</sup><br>|
| 745000 | RAC Bond Co. PLC, 5.25%, due 11/4/2046 | &nbsp;&nbsp; 953147<br> <sup>(i)</sup><br>|
| $1730000 | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, due 8/15/2032 | &nbsp;&nbsp; 1754648<br> <sup>(c)</sup><br>|
| 1422542 | Techem Verwaltungsgesellschaft 674 GmbH, 6.00%, due 7/30/2026 | &nbsp;&nbsp; 1607499<br> <sup>(i)</sup><br>|
|  | Techem Verwaltungsgesellschaft 675 GmbH |  |
| 2177000 | 5.38%, due 7/15/2029 | &nbsp;&nbsp; 2531671<br> <sup>(i)</sup><br>|
| 1398000 | 5.38%, due 7/15/2029 | &nbsp;&nbsp; 1625758<br> <sup>(i)</sup><br>|
| $3920000 | United Rentals North America, Inc., 6.13%, due 3/15/2034 | &nbsp;&nbsp; 3962281<br> <sup>(c)</sup><br>|
| 3902000 | Verisure Midholding AB, 5.25%, due 2/15/2029 | &nbsp;&nbsp; 4436142<br> <sup>(i)</sup><br>|
| $2105000 | Veritiv Operating Co., 10.50%, due 11/30/2030 | &nbsp;&nbsp; 2198776<br> <sup>(c)</sup><br>|
| 3355000 | VM Consolidated, Inc., 5.50%, due 4/15/2029 | &nbsp;&nbsp; 3234912<br> <sup>(c)</sup><br>|
| 2220000 | Wand NewCo 3, Inc., 7.63%, due 1/30/2032 | &nbsp;&nbsp; 2287008<br> <sup>(c)</sup><br>|
|  | Williams Scotsman, Inc. |  |
| 1055000 | 6.63%, due 4/15/2030 | &nbsp;&nbsp; 1074106<br> <sup>(c)</sup><br>|
| 1580000 | 7.38%, due 10/1/2031 | &nbsp;&nbsp; 1638825<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **64244364** |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Computers 0.4%** | **Computers 0.4%** | **Computers 0.4%** |
| $1790000 | Ahead DB Holdings LLC, 6.63%, due 5/1/2028 | &nbsp;&nbsp; $1730809<br> <sup>(c)</sup><br>|
| 820000 | Amentum Holdings, Inc., 7.25%, due 8/1/2032 | &nbsp;&nbsp; 834135<br> <sup>(c)</sup><br>|
| 1015000 | ASGN, Inc., 4.63%, due 5/15/2028 | &nbsp;&nbsp; 965918<br> <sup>(c)</sup><br>|
| 15200000 | Dell International LLC/EMC Corp., 5.50%, due 4/1/2035 | &nbsp;&nbsp; 14925612 |
| 3345000 | Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031 | &nbsp;&nbsp; 3419349<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **21875823** |
| **Cosmetics - Personal Care 0.0%**<sup>‡</sup> | **Cosmetics - Personal Care 0.0%**<sup>‡</sup> | **Cosmetics - Personal Care 0.0%**<sup>‡</sup> |
| 1075000 | Opal Bidco SAS, 6.50%, due 3/31/2032 | &nbsp;&nbsp; 1075271<br> <sup>(c)</sup><br>|
| 1110000 | Perrigo Finance Unlimited Co., 6.13%, due 9/30/2032 | &nbsp;&nbsp; 1101835 |
|  |  | &nbsp;&nbsp; **2177106** |
| **Distribution - Wholesale 0.2%** | **Distribution - Wholesale 0.2%** | **Distribution - Wholesale 0.2%** |
| 2260000 | BCPE Empire Holdings, Inc., 7.63%, due 5/1/2027 | &nbsp;&nbsp; 2260000<br> <sup>(c)</sup><br>|
| 920000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028 | &nbsp;&nbsp; 892475<br> <sup>(c)</sup><br>|
| 935000 | Gates Corp., 6.88%, due 7/1/2029 | &nbsp;&nbsp; 948678<br> <sup>(c)</sup><br>|
| 100000 | Manuchar Group SARL, 7.25%, due 6/30/2027 | &nbsp;&nbsp; 112432<br> <sup>(i)</sup><br>|
| $1125000 | RB Global Holdings, Inc., 7.75%, due 3/15/2031 | &nbsp;&nbsp; 1179544<br> <sup>(c)</sup><br>|
|  | Resideo Funding, Inc. |  |
| 1250000 | 4.00%, due 9/1/2029 | &nbsp;&nbsp; 1150587<br> <sup>(c)</sup><br>|
| 2715000 | 6.50%, due 7/15/2032 | &nbsp;&nbsp; 2693247<br> <sup>(c)</sup><br>|
| 2855000 | Windsor Holdings III LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 3005016<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **12241979** |
| **Diversified Financial Services 1.4%** | **Diversified Financial Services 1.4%** | **Diversified Financial Services 1.4%** |
|  | AerCap Ireland Capital DAC/AerCap Global Aviation Trust |  |
| 1409000 | 4.63%, due 9/10/2029 | &nbsp;&nbsp; 1398402 |
| 6445000 | 6.15%, due 9/30/2030 | &nbsp;&nbsp; 6798794 |
|  | Ally Financial, Inc. |  |
| 2408000 | 4.70%, due 5/15/2028 | &nbsp;&nbsp; 2037506<br> <sup>(j)(k)</sup><br>|
| 2620000 | 5.54%, due 1/17/2031 | &nbsp;&nbsp; 2595542<br> <sup>(j)</sup><br>|
|  | American Express Co. |  |
| 1700000 | 3.55%, due 9/15/2026 | &nbsp;&nbsp; 1626616<br> <sup>(j)(k)</sup><br>|
| 1415000 | (Secured Overnight Financing Rate Index + 1.00%), 5.36%, due 2/16/2028 | &nbsp;&nbsp; 1418410<br> <sup>(f)</sup><br>|
| 1740000 | Azorra Finance Ltd., 7.75%, due 4/15/2030 | &nbsp;&nbsp; 1726567<br> <sup>(c)</sup><br>|
|  | Banco BTG Pactual SA |  |
| 256000 | 2.75%, due 1/11/2026 | &nbsp;&nbsp; 251321<br> <sup>(c)</sup><br>|
| 200000 | 6.25%, due 4/8/2029 | &nbsp;&nbsp; 205366<br> <sup>(c)</sup><br>|
| 100000 | BPCE SFH SA, 3.13%, due 1/24/2028 | &nbsp;&nbsp; 115953<br> <sup>(i)</sup><br>|
| 200000 | Caisse de Refinancement de l'Habitat SA, 3.00%, due 1/11/2030 | &nbsp;&nbsp; 231319<br> <sup>(i)</sup><br>|
|  | Capital One Financial Corp. |  |
| $1120000 | 4.99%, due 7/24/2026 | &nbsp;&nbsp; 1119998<br> <sup>(j)</sup><br>|
| 175000 | 3.75%, due 3/9/2027 | &nbsp;&nbsp; 172719 |
| 7515000 | 5.88%, due 7/26/2035 | &nbsp;&nbsp; 7604665<br> <sup>(j)</sup><br>|
| 20560000 | 6.18%, due 1/30/2036 | &nbsp;&nbsp; 20303957<br> <sup>(j)</sup><br>|
|  | Charles Schwab Corp. |  |
| 5763000 | 4.00%, due 6/1/2026 | &nbsp;&nbsp; 5580823<br> <sup>(j)(k)</sup><br>|
| 2510000 | 5.00%, due 6/1/2027 | &nbsp;&nbsp; 2448225<br> <sup>(j)(k)</sup><br>|
| 5557000 | 4.00%, due 12/1/2030 | &nbsp;&nbsp; 4848986<br> <sup>(j)(k)</sup><br>|
| 100000 | Credit Mutuel Home Loan SFH SA, 2.75%, due 12/8/2027 | &nbsp;&nbsp; 114680<br> <sup>(i)</sup><br>|
| $1055000 | Focus Financial Partners LLC, 6.75%, due 9/15/2031 | &nbsp;&nbsp; 1061312<br> <sup>(c)</sup><br>|
| 150000 | Fondo MIVIVIENDA SA, 4.63%, due 4/12/2027 | &nbsp;&nbsp; 149189<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Diversified Financial Services – cont'd** | **Diversified Financial Services – cont'd** | **Diversified Financial Services – cont'd** |
|  | Freedom Mortgage Holdings LLC |  |
| $235000 | 9.25%, due 2/1/2029 | &nbsp;&nbsp; $239392<br> <sup>(c)</sup><br>|
| 235000 | 9.13%, due 5/15/2031 | &nbsp;&nbsp; 237603<br> <sup>(c)</sup><br>|
|  | Jane Street Group/JSG Finance, Inc. |  |
| 2135000 | 7.13%, due 4/30/2031 | &nbsp;&nbsp; 2201873<br> <sup>(c)</sup><br>|
| 2115000 | 6.13%, due 11/1/2032 | &nbsp;&nbsp; 2078791<br> <sup>(c)</sup><br>|
| 265000 | &nbsp;&nbsp; Mastercard, Inc., (Secured Overnight Financing Rate Index + 0.44%), 4.81%, due <br> 3/15/2028<br>| &nbsp;&nbsp; 264391<br> <sup>(f)</sup><br>|
| 200000 | Muthoot Finance Ltd., 7.13%, due 2/14/2028 | &nbsp;&nbsp; 198738<br> <sup>(c)</sup><br>|
| 3760000 | Nationstar Mortgage Holdings, Inc., 6.50%, due 8/1/2029 | &nbsp;&nbsp; 3821640<br> <sup>(c)</sup><br>|
|  | OneMain Finance Corp. |  |
| 1510000 | 6.63%, due 1/15/2028 | &nbsp;&nbsp; 1520573 |
| 2060000 | 7.13%, due 11/15/2031 | &nbsp;&nbsp; 2068508 |
|  | PennyMac Financial Services, Inc. |  |
| 1275000 | 7.88%, due 12/15/2029 | &nbsp;&nbsp; 1329318<br> <sup>(c)</sup><br>|
| 1440000 | 5.75%, due 9/15/2031 | &nbsp;&nbsp; 1371625<br> <sup>(c)</sup><br>|
| 490000 | 6.88%, due 2/15/2033 | &nbsp;&nbsp; 489316<br> <sup>(c)</sup><br>|
| 925000 | Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029 | &nbsp;&nbsp; 949827<br> <sup>(c)</sup><br>|
| 2460000 | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc., 4.00%, due 10/15/2033 | &nbsp;&nbsp; 2127945<br> <sup>(c)</sup><br>|
| 200000 | Shriram Finance Ltd., 6.63%, due 4/22/2027 | &nbsp;&nbsp; 198959<br> <sup>(c)</sup><br>|
| 1285000 | SLM Corp., 6.50%, due 1/31/2030 | &nbsp;&nbsp; 1326486 |
| 1720000 | UWM Holdings LLC, 6.63%, due 2/1/2030 | &nbsp;&nbsp; 1700852<br> <sup>(c)</sup><br>|
| 2158000 | XP, Inc., 6.75%, due 7/2/2029 | &nbsp;&nbsp; 2192731<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **86128918** |
| **Electric 3.3%** | **Electric 3.3%** | **Electric 3.3%** |
| 1641000 | A2A SpA, 5.00%, due 6/11/2029 | &nbsp;&nbsp; 1891540<br> <sup>(i)(j)(k)</sup><br>|
| 200000 | Acquirente Unico SpA, 2.80%, due 2/20/2026 | &nbsp;&nbsp; 226698<br> <sup>(i)</sup><br>|
| $6700000 | Alpha Generation LLC, 6.75%, due 10/15/2032 | &nbsp;&nbsp; 6828050<br> <sup>(c)</sup><br>|
| 6735000 | American Electric Power Co., Inc., 7.05%, due 12/15/2054 | &nbsp;&nbsp; 6796012<br> <sup>(j)</sup><br>|
| 3992000 | AusNet Services Holdings Pty. Ltd., 1.63%, due 3/11/2081 | &nbsp;&nbsp; 4381785<br> <sup>(i)(j)</sup><br>|
| $1560000 | Calpine Corp., 5.00%, due 2/1/2031 | &nbsp;&nbsp; 1500549<br> <sup>(c)</sup><br>|
| 10620000 | CenterPoint Energy, Inc., 6.70%, due 5/15/2055 | &nbsp;&nbsp; 10480136<br> <sup>(j)</sup><br>|
| 234000 | China Huadian Overseas Development 2018 Ltd., 3.38%, due 6/23/2025 | &nbsp;&nbsp; 232465<br> <sup>(i)(j)(k)</sup><br>|
|  | CMS Energy Corp. |  |
| 8225000 | 3.75%, due 12/1/2050 | &nbsp;&nbsp; 7113209<br> <sup>(j)</sup><br>|
| 12585000 | 6.50%, due 6/1/2055 | &nbsp;&nbsp; 12269632<br> <sup>(j)</sup><br>|
|  | Comision Federal de Electricidad |  |
| 500000 | 4.69%, due 5/15/2029 | &nbsp;&nbsp; 482327<br> <sup>(i)</sup><br>|
| 1710000 | 5.70%, due 1/24/2030 | &nbsp;&nbsp; 1682640<br> <sup>(c)</sup><br>|
| 1510000 | 6.45%, due 1/24/2035 | &nbsp;&nbsp; 1447812<br> <sup>(c)</sup><br>|
| 560000 | &nbsp;&nbsp; Consolidated Edison Co. of New York, Inc., (Secured Overnight Financing Rate Index + <br> 0.52%), 4.88%, due 11/18/2027<br>| &nbsp;&nbsp; 558376<br> <sup>(f)</sup><br>|
| 1930000 | Constellation Energy Generation LLC, 6.50%, due 10/1/2053 | &nbsp;&nbsp; 1996970 |
|  | Dominion Energy, Inc. |  |
| 1350000 | 4.35%, due 1/15/2027 | &nbsp;&nbsp; 1309030<br> <sup>(j)(k)</sup><br>|
| 13895000 | 6.63%, due 5/15/2055 | &nbsp;&nbsp; 13661411<br> <sup>(j)</sup><br>|
| 3725000 | Duke Energy Corp., 6.45%, due 9/1/2054 | &nbsp;&nbsp; 3732830<br> <sup>(j)</sup><br>|
| 4239000 | Edison International, 5.00%, due 12/15/2026 | &nbsp;&nbsp; 3750012<br> <sup>(j)(k)</sup><br>|
|  | EDP SA |  |
| 400000 | 4.63%, due 9/16/2054 | &nbsp;&nbsp; 456339<br> <sup>(i)(j)</sup><br>|
| 800000 | 1.88%, due 3/14/2082 | &nbsp;&nbsp; 821946<br> <sup>(i)(j)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Electric – cont'd** | **Electric – cont'd** | **Electric – cont'd** |
| 1000000 | 5.94%, due 4/23/2083 | &nbsp;&nbsp; $1203779<br> <sup>(i)(j)</sup><br>|
|  | Electricite de France SA |  |
| 4400000 | 2.63%, due 12/1/2027 | &nbsp;&nbsp; 4835006<br> <sup>(i)(j)(k)</sup><br>|
| 6400000 | 7.50%, due 9/6/2028 | &nbsp;&nbsp; 7986658<br> <sup>(i)(j)(k)</sup><br>|
| $2460000 | 9.13%, due 3/15/2033 | &nbsp;&nbsp; 2751449<br> <sup>(c)(j)(k)</sup><br>|
| 3500000 | Elia Group SA, 5.85%, due 3/15/2028 | &nbsp;&nbsp; 4124686<br> <sup>(i)(j)(k)</sup><br>|
| 3900000 | Enel SpA, 6.38%, due 4/16/2028 | &nbsp;&nbsp; 4728644<br> <sup>(i)(j)(k)</sup><br>|
| 600000 | Energia Group Roi Financeco DAC, 6.88%, due 7/31/2028 | &nbsp;&nbsp; 699850<br> <sup>(i)</sup><br>|
| $4155000 | Entergy Mississippi LLC, 5.80%, due 4/15/2055 | &nbsp;&nbsp; 4064532 |
| 4870000 | Evergy, Inc., 6.65%, due 6/1/2055 | &nbsp;&nbsp; 4734359<br> <sup>(j)</sup><br>|
| 8340000 | Exelon Corp., 6.50%, due 3/15/2055 | &nbsp;&nbsp; 8291694<br> <sup>(j)</sup><br>|
| 566723 | &nbsp;&nbsp; FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, due <br> 1/31/2041<br>| &nbsp;&nbsp; 562189<br> <sup>(c)</sup><br>|
|  | Georgia Power Co. |  |
| 269000 | (Secured Overnight Financing Rate Index + 0.75%), 5.11%, due 5/8/2025 | &nbsp;&nbsp; 269015<br> <sup>(f)</sup><br>|
| 565000 | (Secured Overnight Financing Rate Index + 0.28%), 4.65%, due 9/15/2026 | &nbsp;&nbsp; 562581<br> <sup>(f)</sup><br>|
| 3202000 | Lightning Power LLC, 7.25%, due 8/15/2032 | &nbsp;&nbsp; 3317372<br> <sup>(c)</sup><br>|
| 1400000 | Naturgy Finance Iberia SA, 2.37%, due 11/23/2026 | &nbsp;&nbsp; 1548447<br> <sup>(i)(j)(k)</sup><br>|
|  | NextEra Energy Capital Holdings, Inc. |  |
| $820000 | (Secured Overnight Financing Rate Index + 0.76%), 5.14%, due 1/29/2026 | &nbsp;&nbsp; 820406<br> <sup>(f)</sup><br>|
| 250000 | (Secured Overnight Financing Rate Index + 0.80%), 5.16%, due 2/4/2028 | &nbsp;&nbsp; 250174<br> <sup>(f)</sup><br>|
| 3315000 | 6.38%, due 8/15/2055 | &nbsp;&nbsp; 3321988<br> <sup>(j)</sup><br>|
| 965000 | NGG Finance PLC, 5.63%, due 6/18/2073 | &nbsp;&nbsp; 1286272<br> <sup>(i)(j)</sup><br>|
|  | NRG Energy, Inc. |  |
| $1855000 | 10.25%, due 3/15/2028 | &nbsp;&nbsp; 2032239<br> <sup>(c)(j)(k)</sup><br>|
| 6010000 | 5.75%, due 7/15/2029 | &nbsp;&nbsp; 5981728<br> <sup>(c)</sup><br>|
| 775000 | 6.00%, due 2/1/2033 | &nbsp;&nbsp; 766867<br> <sup>(c)</sup><br>|
|  | Orsted AS |  |
| 2342000 | 5.13%, due 12/31/2099 | &nbsp;&nbsp; 2653136<br> <sup>(i)(j)</sup><br>|
| 100000 | 5.25%, due 12/31/2099 | &nbsp;&nbsp; 113848<br> <sup>(i)(j)</sup><br>|
|  | Pacific Gas & Electric Co. |  |
| $190000 | 3.50%, due 6/15/2025 | &nbsp;&nbsp; 189583 |
| 290000 | 3.45%, due 7/1/2025 | &nbsp;&nbsp; 289165 |
| 3030000 | 5.70%, due 3/1/2035 | &nbsp;&nbsp; 2988112 |
| 2646794 | 4.95%, due 7/1/2050 | &nbsp;&nbsp; 2132064 |
| 3997000 | 6.15%, due 3/1/2055 | &nbsp;&nbsp; 3745918 |
| 1000000 | PPL Capital Funding, Inc., (3 mo. USD Term SOFR + 2.93%), 7.23%, due 3/30/2067 | &nbsp;&nbsp; 977497<br> <sup>(f)</sup><br>|
| 200000 | &nbsp;&nbsp; ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, due <br> 7/14/2028<br>| &nbsp;&nbsp; 185364<br> <sup>(i)</sup><br>|
| 1900000 | Saavi Energia SARL, 8.88%, due 2/10/2035 | &nbsp;&nbsp; 1909500<br> <sup>(c)</sup><br>|
| 11294000 | Sempra, 6.40%, due 10/1/2054 | &nbsp;&nbsp; 10301165<br> <sup>(j)</sup><br>|
|  | Southern Co. |  |
| 9180000 | 4.00%, due 1/15/2051 | &nbsp;&nbsp; 9045309<br> <sup>(j)</sup><br>|
| 1733000 | 6.38%, due 3/15/2055 | &nbsp;&nbsp; 1765423<br> <sup>(j)</sup><br>|
| 3088000 | 1.88%, due 9/15/2081 | &nbsp;&nbsp; 3326460<br> <sup>(j)</sup><br>|
| 3400000 | SSE PLC, 4.00%, due 1/21/2028 | &nbsp;&nbsp; 3858472<br> <sup>(i)(j)(k)</sup><br>|
| 1716000 | Stedin Holding NV, 1.50%, due 12/31/2026 | &nbsp;&nbsp; 1871187<br> <sup>(i)(j)(k)</sup><br>|
| 100000 | TenneT Holding BV, 1.50%, due 6/3/2039 | &nbsp;&nbsp; 92597<br> <sup>(i)</sup><br>|
| 3800000 | Vattenfall AB, 6.88%, due 8/17/2083 | &nbsp;&nbsp; 5154187<br> <sup>(i)(j)</sup><br>|
| $3065000 | Vistra Corp., 7.00%, due 12/15/2026 | &nbsp;&nbsp; 3095329<br> <sup>(c)(j)(k)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Electric – cont'd** | **Electric – cont'd** | **Electric – cont'd** |
|  | Vistra Operations Co. LLC |  |
| $860000 | 7.75%, due 10/15/2031 | &nbsp;&nbsp; $909349<br> <sup>(c)</sup><br>|
| 870000 | 6.88%, due 4/15/2032 | &nbsp;&nbsp; 901128<br> <sup>(c)</sup><br>|
|  | XPLR Infrastructure Operating Partners LP |  |
| 445000 | 8.38%, due 1/15/2031 | &nbsp;&nbsp; 446633<br> <sup>(c)</sup><br>|
| 425000 | 8.63%, due 3/15/2033 | &nbsp;&nbsp; 424105<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **202135235** |
| **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** | **Electrical Components & Equipment 0.2%** |
|  | Belden, Inc. |  |
| 665000 | 3.88%, due 3/15/2028 | &nbsp;&nbsp; 748342<br> <sup>(i)</sup><br>|
| 130000 | 3.38%, due 7/15/2031 | &nbsp;&nbsp; 140227<br> <sup>(i)</sup><br>|
| 1874000 | Energizer Gamma Acquisition BV, 3.50%, due 6/30/2029 | &nbsp;&nbsp; 1982949<br> <sup>(i)</sup><br>|
| 1100000 | Nexans SA, 4.25%, due 3/11/2030 | &nbsp;&nbsp; 1276644<br> <sup>(i)</sup><br>|
|  | WESCO Distribution, Inc. |  |
| $3920000 | 6.63%, due 3/15/2032 | &nbsp;&nbsp; 3987506<br> <sup>(c)</sup><br>|
| 2180000 | 6.38%, due 3/15/2033 | &nbsp;&nbsp; 2205312<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **10340980** |
| **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** |
| 1000000 | Imola Merger Corp., 4.75%, due 5/15/2029 | &nbsp;&nbsp; 954875<br> <sup>(c)</sup><br>|
| 585000 | Sensata Technologies BV, 5.88%, due 9/1/2030 | &nbsp;&nbsp; 569337<br> <sup>(c)</sup><br>|
| 1780000 | Sensata Technologies, Inc., 6.63%, due 7/15/2032 | &nbsp;&nbsp; 1763483<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **3287695** |
| **Energy - Alternate Sources 0.0%**<sup>‡</sup> | **Energy - Alternate Sources 0.0%**<sup>‡</sup> | **Energy - Alternate Sources 0.0%**<sup>‡</sup> |
| 1140000 | Cullinan Holdco SCSp, 4.63%, due 10/15/2026 | &nbsp;&nbsp; 1107160<br> <sup>(i)</sup><br>|
| $233000 | FS Luxembourg SARL, 8.88%, due 2/12/2031 | &nbsp;&nbsp; 234232<br> <sup>(c)</sup><br>|
| 176000 | Greenko Dutch BV, 3.85%, due 3/29/2026 | &nbsp;&nbsp; 170368<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **1511760** |
| **Engineering & Construction 0.1%** | **Engineering & Construction 0.1%** | **Engineering & Construction 0.1%** |
| 900000 | Abertis Infraestructuras Finance BV, 3.25%, due 11/24/2025 | &nbsp;&nbsp; 1014784<br> <sup>(i)(j)(k)</sup><br>|
| $1325000 | Arcosa, Inc., 6.88%, due 8/15/2032 | &nbsp;&nbsp; 1350163<br> <sup>(c)</sup><br>|
|  | Assemblin Caverion Group AB |  |
| 444000 | 6.25%, due 7/1/2030 | &nbsp;&nbsp; 518756<br> <sup>(i)</sup><br>|
| 355000 | (3 mo. EUR EURIBOR + 3.50%), 5.85%, due 7/1/2031 | &nbsp;&nbsp; 398180<br> <sup>(f)(i)</sup><br>|
| $217000 | &nbsp;&nbsp; ATP Tower Holdings/Andean Telecom Partners Chile SpA/Andean Tower Partners C, <br> 7.88%, due 2/3/2030<br>| &nbsp;&nbsp; 216369<br> <sup>(c)</sup><br>|
| 260000 | IHS Holding Ltd., 7.88%, due 5/29/2030 | &nbsp;&nbsp; 250644<br> <sup>(c)</sup><br>|
| 879000 | Kier Group PLC, 9.00%, due 2/15/2029 | &nbsp;&nbsp; 1217641<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **4966537** |
| **Entertainment 1.2%** | **Entertainment 1.2%** | **Entertainment 1.2%** |
|  | 888 Acquisitions Ltd. |  |
| 100000 | 7.56%, due 7/15/2027 | &nbsp;&nbsp; 113152<br> <sup>(i)</sup><br>|
| 345000 | 10.75%, due 5/15/2030 | &nbsp;&nbsp; 460012<br> <sup>(i)</sup><br>|
| $1655000 | Allwyn Entertainment Financing U.K. PLC, 7.88%, due 4/30/2029 | &nbsp;&nbsp; 1712925<br> <sup>(c)</sup><br>|
| 1045000 | Allwyn International AS, 3.88%, due 2/15/2027 | &nbsp;&nbsp; 1177910<br> <sup>(i)</sup><br>|
| $1485000 | Caesars Entertainment, Inc., 4.63%, due 10/15/2029 | &nbsp;&nbsp; 1370883<br> <sup>(c)</sup><br>|
|  | Churchill Downs, Inc. |  |
| 3255000 | 5.75%, due 4/1/2030 | &nbsp;&nbsp; 3183326<br> <sup>(c)</sup><br>|
| 2920000 | 6.75%, due 5/1/2031 | &nbsp;&nbsp; 2949133<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Entertainment – cont'd** | **Entertainment – cont'd** | **Entertainment – cont'd** |
|  | Cirsa Finance International SARL |  |
| 2246000 | 7.88%, due 7/31/2028 | &nbsp;&nbsp; $2666156<br> <sup>(i)</sup><br>|
| 625000 | 6.50%, due 3/15/2029 | &nbsp;&nbsp; 737225<br> <sup>(i)</sup><br>|
| 2230000 | CPUK Finance Ltd., 6.50%, due 8/28/2026 | &nbsp;&nbsp; 2956765<br> <sup>(i)</sup><br>|
| 985000 | Flutter Treasury DAC, 5.00%, due 4/29/2029 | &nbsp;&nbsp; 1154310<br> <sup>(i)</sup><br>|
| 433067 | LHMC Finco 2 SARL, 7.25% Cash/8.00% PIK, due 10/2/2025 | &nbsp;&nbsp; 490579<br> <sup>(i)(l)</sup><br>|
| $1430000 | Light & Wonder International, Inc., 7.25%, due 11/15/2029 | &nbsp;&nbsp; 1457888<br> <sup>(c)</sup><br>|
| 3920000 | Live Nation Entertainment, Inc., 4.75%, due 10/15/2027 | &nbsp;&nbsp; 3836919<br> <sup>(c)</sup><br>|
| 795000 | Lottomatica Group SpA, 5.38%, due 6/1/2030 | &nbsp;&nbsp; 930217<br> <sup>(i)</sup><br>|
| $1260000 | Merlin Entertainments Group U.S. Holdings, Inc., 7.38%, due 2/15/2031 | &nbsp;&nbsp; 1173526<br> <sup>(c)</sup><br>|
| 2900000 | Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029 | &nbsp;&nbsp; 2737769<br> <sup>(c)</sup><br>|
|  | Motion Finco SARL |  |
| 1060000 | 7.38%, due 6/15/2030 | &nbsp;&nbsp; 1167799<br> <sup>(i)</sup><br>|
| $195000 | 8.38%, due 2/15/2032 | &nbsp;&nbsp; 184585<br> <sup>(c)</sup><br>|
| 3130000 | Penn Entertainment, Inc., 4.13%, due 7/1/2029 | &nbsp;&nbsp; 2745376<br> <sup>(c)</sup><br>|
| 1800000 | Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc., 6.63%, due 3/1/2030 | &nbsp;&nbsp; 1713223<br> <sup>(c)</sup><br>|
| 1630000 | SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029 | &nbsp;&nbsp; 1549271<br> <sup>(c)</sup><br>|
| 2230000 | Six Flags Entertainment Corp., 7.25%, due 5/15/2031 | &nbsp;&nbsp; 2260623<br> <sup>(c)</sup><br>|
| 2580000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp., <br> 5.25%, due 7/15/2029<br>| &nbsp;&nbsp; 2452833 |
| 4455000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Six Flags Theme Parks, Inc./Canada's Wonderland Co., <br> 6.63%, due 5/1/2032<br>| &nbsp;&nbsp; 4494961<br> <sup>(c)</sup><br>|
|  | Warnermedia Holdings, Inc. |  |
| 200000 | 4.69%, due 5/17/2033 | &nbsp;&nbsp; 217810 |
| $40130000 | 5.05%, due 3/15/2042 | &nbsp;&nbsp; 30248526 |
|  |  | &nbsp;&nbsp; **76143702** |
| **Environmental Control 0.1%** | **Environmental Control 0.1%** | **Environmental Control 0.1%** |
| 2402000 | Ambipar Lux SARL, 9.88%, due 2/6/2031 | &nbsp;&nbsp; 2305409<br> <sup>(c)</sup><br>|
| 1610000 | Madison IAQ LLC, 5.88%, due 6/30/2029 | &nbsp;&nbsp; 1522478<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **3827887** |
| **Food 0.9%** | **Food 0.9%** | **Food 0.9%** |
|  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC |  |
| 1010000 | 5.88%, due 2/15/2028 | &nbsp;&nbsp; 1009236<br> <sup>(c)</sup><br>|
| 705000 | 6.25%, due 3/15/2033 | &nbsp;&nbsp; 715256<br> <sup>(c)</sup><br>|
| 840000 | Bellis Acquisition Co. PLC, 8.13%, due 5/14/2030 | &nbsp;&nbsp; 1043904<br> <sup>(i)</sup><br>|
| $5725000 | Campbell's Co., 5.40%, due 3/21/2034 | &nbsp;&nbsp; 5770869 |
| 200000 | Cencosud SA, 4.38%, due 7/17/2027 | &nbsp;&nbsp; 197706<br> <sup>(i)</sup><br>|
| 600000 | Co-Operative Bank Holdings Ltd., 7.50%, due 7/8/2026 | &nbsp;&nbsp; 808719<br> <sup>(i)</sup><br>|
| 2600000 | Flora Food Management BV, 6.88%, due 7/2/2029 | &nbsp;&nbsp; 3037096<br> <sup>(i)</sup><br>|
| 250000 | Iceland Bondco PLC, (3 mo. EUR EURIBOR + 5.50%), 8.06%, due 12/15/2027 | &nbsp;&nbsp; 284855<br> <sup>(f)(i)</sup><br>|
| $1885000 | JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL, 6.50%, due 12/1/2052 | &nbsp;&nbsp; 1940638 |
| 22085000 | JBS USA LUX SARL/JBS USA Food Co./JBS USA Foods Group, 6.38%, due 2/25/2055 | &nbsp;&nbsp; 22437697<br> <sup>(c)</sup><br>|
|  | Market Bidco Finco PLC |  |
| 100000 | 4.75%, due 11/4/2027 | &nbsp;&nbsp; 109050<br> <sup>(i)</sup><br>|
| 2145000 | 5.50%, due 11/4/2027 | &nbsp;&nbsp; 2722858<br> <sup>(i)</sup><br>|
| $2635000 | Minerva Luxembourg SA, 8.88%, due 9/13/2033 | &nbsp;&nbsp; 2810696<br> <sup>(c)</sup><br>|
| 825000 | Ocado Group PLC, 10.50%, due 8/8/2029 | &nbsp;&nbsp; 1099151<br> <sup>(i)</sup><br>|
| $545000 | Performance Food Group, Inc., 6.13%, due 9/15/2032 | &nbsp;&nbsp; 545162<br> <sup>(c)</sup><br>|
|  | Post Holdings, Inc. |  |
| 2380000 | 6.38%, due 3/1/2033 | &nbsp;&nbsp; 2353244<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Food – cont'd** | **Food – cont'd** | **Food – cont'd** |
| $430000 | 6.25%, due 10/15/2034 | &nbsp;&nbsp; $426431<br> <sup>(c)</sup><br>|
|  | U.S. Foods, Inc. |  |
| 270000 | 6.88%, due 9/15/2028 | &nbsp;&nbsp; 276755<br> <sup>(c)</sup><br>|
| 880000 | 7.25%, due 1/15/2032 | &nbsp;&nbsp; 920577<br> <sup>(c)</sup><br>|
| 4555000 | 5.75%, due 4/15/2033 | &nbsp;&nbsp; 4461658<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **52971558** |
| **Food Service 0.0%**<sup>‡</sup> | **Food Service 0.0%**<sup>‡</sup> | **Food Service 0.0%**<sup>‡</sup> |
| 955000 | TKC Holdings, Inc., 6.88%, due 5/15/2028 | &nbsp;&nbsp; **955064**<br> <sup>(c)</sup><br>|
| **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** | **Forest Products & Paper 0.1%** |
| 2615000 | Ahlstrom Holding 3 OY, 3.63%, due 2/4/2028 | &nbsp;&nbsp; 2853467<br> <sup>(i)</sup><br>|
| $2470000 | Celulosa Arauco y Constitucion SA, 4.20%, due 1/29/2030 | &nbsp;&nbsp; 2323171<br> <sup>(c)</sup><br>|
| 2135000 | Fedrigoni SpA, 6.13%, due 6/15/2031 | &nbsp;&nbsp; 2338632<br> <sup>(i)</sup><br>|
| $365000 | Magnera Corp., 7.25%, due 11/15/2031 | &nbsp;&nbsp; 345155<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **7860425** |
| **Gas 0.1%** | **Gas 0.1%** | **Gas 0.1%** |
| 3000000 | APA Infrastructure Ltd., 7.13%, due 11/9/2083 | &nbsp;&nbsp; 3719444<br> <sup>(i)(j)</sup><br>|
| 200000 | Southern Gas Networks PLC, 3.50%, due 10/16/2030 | &nbsp;&nbsp; 227900<br> <sup>(i)</sup><br>|
| 922000 | UGI International LLC, 2.50%, due 12/1/2029 | &nbsp;&nbsp; 967414<br> <sup>(i)</sup><br>|
|  | Venture Global Plaquemines LNG LLC |  |
| $720000 | 7.50%, due 5/1/2033 | &nbsp;&nbsp; 738653<br> <sup>(c)</sup><br>|
| 720000 | 7.75%, due 5/1/2035 | &nbsp;&nbsp; 739367<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **6392778** |
| **Healthcare - Products 0.2%** | **Healthcare - Products 0.2%** | **Healthcare - Products 0.2%** |
| 605000 | Avantor Funding, Inc., 3.88%, due 7/15/2028 | &nbsp;&nbsp; 675160<br> <sup>(i)</sup><br>|
| $3495000 | Bausch & Lomb Corp., 8.38%, due 10/1/2028 | &nbsp;&nbsp; 3630606<br> <sup>(c)</sup><br>|
|  | Medline Borrower LP |  |
| 635000 | 3.88%, due 4/1/2029 | &nbsp;&nbsp; 592340<br> <sup>(c)</sup><br>|
| 2820000 | 5.25%, due 10/1/2029 | &nbsp;&nbsp; 2677978<br> <sup>(c)</sup><br>|
| 100000 | Medtronic, Inc., 4.15%, due 10/15/2053 | &nbsp;&nbsp; 111316 |
|  | RAY Financing LLC |  |
| 465000 | (3 mo. EUR EURIBOR + 3.75%), 6.03%, due 7/15/2031 | &nbsp;&nbsp; 525556<br> <sup>(f)(i)</sup><br>|
| 1232000 | 6.50%, due 7/15/2031 | &nbsp;&nbsp; 1441095<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **9654051** |
| **Healthcare - Services 0.5%** | **Healthcare - Services 0.5%** | **Healthcare - Services 0.5%** |
|  | Acadia Healthcare Co., Inc. |  |
| $270000 | 5.50%, due 7/1/2028 | &nbsp;&nbsp; 264330<br> <sup>(c)</sup><br>|
| 230000 | 5.00%, due 4/15/2029 | &nbsp;&nbsp; 217433<br> <sup>(c)</sup><br>|
| 1070000 | 7.38%, due 3/15/2033 | &nbsp;&nbsp; 1069070<br> <sup>(c)</sup><br>|
| 2125000 | Ascension Health, 3.11%, due 11/15/2039 | &nbsp;&nbsp; 1667911 |
|  | CHS/Community Health Systems, Inc. |  |
| 495000 | 5.63%, due 3/15/2027 | &nbsp;&nbsp; 482732<br> <sup>(c)</sup><br>|
| 455000 | 5.25%, due 5/15/2030 | &nbsp;&nbsp; 388184<br> <sup>(c)</sup><br>|
| 2055000 | CommonSpirit Health, 4.19%, due 10/1/2049 | &nbsp;&nbsp; 1540684 |
| 1605000 | Ephios Subco 3 SARL, 7.88%, due 1/31/2031 | &nbsp;&nbsp; 1915567<br> <sup>(i)</sup><br>|
| 1589000 | Eurofins Scientific SE, 6.75%, due 4/24/2028 | &nbsp;&nbsp; 1892354<br> <sup>(i)(j)(k)</sup><br>|
|  | HCA, Inc. |  |
| $3200000 | 5.45%, due 4/1/2031 | &nbsp;&nbsp; 3261257 |
| 3100000 | 5.50%, due 6/1/2033 | &nbsp;&nbsp; 3119821 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Healthcare - Services – cont'd** | **Healthcare - Services – cont'd** | **Healthcare - Services – cont'd** |
| $545000 | Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, due 4/30/2028 | &nbsp;&nbsp; $574262<br> <sup>(c)</sup><br>|
| 800000 | IQVIA, Inc., 2.88%, due 6/15/2028 | &nbsp;&nbsp; 880753<br> <sup>(i)(n)</sup><br>|
|  | LifePoint Health, Inc. |  |
| $795000 | 9.88%, due 8/15/2030 | &nbsp;&nbsp; 845660<br> <sup>(c)</sup><br>|
| 650000 | 10.00%, due 6/1/2032 | &nbsp;&nbsp; 630500<br> <sup>(c)</sup><br>|
|  | Molina Healthcare, Inc. |  |
| 895000 | 3.88%, due 11/15/2030 | &nbsp;&nbsp; 806806<br> <sup>(c)</sup><br>|
| 830000 | 6.25%, due 1/15/2033 | &nbsp;&nbsp; 823755<br> <sup>(c)</sup><br>|
| 1190000 | Select Medical Corp., 6.25%, due 12/1/2032 | &nbsp;&nbsp; 1181615<br> <sup>(c)</sup><br>|
| 915000 | Star Parent, Inc., 9.00%, due 10/1/2030 | &nbsp;&nbsp; 925816<br> <sup>(c)</sup><br>|
| 2870000 | Surgery Center Holdings, Inc., 7.25%, due 4/15/2032 | &nbsp;&nbsp; 2863487<br> <sup>(c)</sup><br>|
| 730781 | Team Health Holdings, Inc., 9.00% Cash/4.50% PIK, due 6/30/2028 | &nbsp;&nbsp; 783763<br> <sup>(c)(l)</sup><br>|
|  | Tenet Healthcare Corp. |  |
| 1390000 | 6.13%, due 10/1/2028 | &nbsp;&nbsp; 1386676 |
| 985000 | 6.13%, due 6/15/2030 | &nbsp;&nbsp; 988378 |
| 1055000 | 6.75%, due 5/15/2031 | &nbsp;&nbsp; 1081469 |
| 565000 | &nbsp;&nbsp; UnitedHealth Group, Inc., (Secured Overnight Financing Rate + 0.50%), 4.88%, due <br> 7/15/2026<br>| &nbsp;&nbsp; 564379<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **30156662** |
| **Holding Companies - Diversified 0.1%** | **Holding Companies - Diversified 0.1%** | **Holding Companies - Diversified 0.1%** |
|  | Benteler International AG |  |
| 1658000 | 9.38%, due 5/15/2028 | &nbsp;&nbsp; 1955972<br> <sup>(i)</sup><br>|
| $2350000 | 10.50%, due 5/15/2028 | &nbsp;&nbsp; 2399031<br> <sup>(c)</sup><br>|
| 2110000 | ProGroup AG, 5.38%, due 4/15/2031 | &nbsp;&nbsp; 2310637<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **6665640** |
| **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** |
|  | Beazer Homes USA, Inc. |  |
| $810000 | 5.88%, due 10/15/2027 | &nbsp;&nbsp; 791256 |
| 650000 | 7.50%, due 3/15/2031 | &nbsp;&nbsp; 628015<br> <sup>(c)</sup><br>|
|  | KB Home |  |
| 565000 | 7.25%, due 7/15/2030 | &nbsp;&nbsp; 578343 |
| 490000 | 4.00%, due 6/15/2031 | &nbsp;&nbsp; 441601 |
| 967000 | Maison Finco PLC, 6.00%, due 10/31/2027 | &nbsp;&nbsp; 1247354<br> <sup>(i)</sup><br>|
| $365000 | Mattamy Group Corp., 5.25%, due 12/15/2027 | &nbsp;&nbsp; 354552<br> <sup>(c)</sup><br>|
| 3695000 | Miller Homes Group Finco PLC, 7.00%, due 5/15/2029 | &nbsp;&nbsp; 4806357<br> <sup>(i)</sup><br>|
| $1025000 | Shea Homes LP/Shea Homes Funding Corp., 4.75%, due 2/15/2028 | &nbsp;&nbsp; 994988 |
| 1475000 | Taylor Morrison Communities, Inc., 5.75%, due 1/15/2028 | &nbsp;&nbsp; 1475666<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **11318132** |
| **Insurance 1.4%** | **Insurance 1.4%** | **Insurance 1.4%** |
| 3775000 | 200 Park Funding Trust, 5.74%, due 2/15/2055 | &nbsp;&nbsp; 3683506<br> <sup>(c)</sup><br>|
|  | Acrisure LLC/Acrisure Finance, Inc. |  |
| 1260000 | 8.25%, due 2/1/2029 | &nbsp;&nbsp; 1289202<br> <sup>(c)</sup><br>|
| 1990000 | 7.50%, due 11/6/2030 | &nbsp;&nbsp; 2027235<br> <sup>(c)</sup><br>|
| 200000 | AIA Group Ltd., 5.63%, due 10/25/2027 | &nbsp;&nbsp; 206874<br> <sup>(c)</sup><br>|
|  | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |
| 810000 | 6.75%, due 10/15/2027 | &nbsp;&nbsp; 804177<br> <sup>(c)</sup><br>|
| 2610000 | 6.75%, due 4/15/2028 | &nbsp;&nbsp; 2628792<br> <sup>(c)</sup><br>|
| 4435000 | 7.00%, due 1/15/2031 | &nbsp;&nbsp; 4501070<br> <sup>(c)</sup><br>|
| 345000 | 6.50%, due 10/1/2031 | &nbsp;&nbsp; 344293<br> <sup>(c)</sup><br>|
| 80000 | 7.38%, due 10/1/2032 | &nbsp;&nbsp; 80845<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Insurance – cont'd** | **Insurance – cont'd** | **Insurance – cont'd** |
| $785000 | AmWINS Group, Inc., 4.88%, due 6/30/2029 | &nbsp;&nbsp; $749461<br> <sup>(c)</sup><br>|
| 7740000 | Aon North America, Inc., 5.75%, due 3/1/2054 | &nbsp;&nbsp; 7484426 |
| 1335000 | Ardonagh Finco Ltd., 7.75%, due 2/15/2031 | &nbsp;&nbsp; 1358768<br> <sup>(c)(n)</sup><br>|
| 510000 | Ardonagh Group Finance Ltd., 8.88%, due 2/15/2032 | &nbsp;&nbsp; 520209<br> <sup>(c)</sup><br>|
| 2840000 | Arthur J Gallagher & Co., 5.55%, due 2/15/2055 | &nbsp;&nbsp; 2675159 |
|  | Athene Global Funding |  |
| 565000 | (Secured Overnight Financing Rate Index + 0.83%), 5.21%, due 1/7/2027 | &nbsp;&nbsp; 563737<br> <sup>(c)(f)</sup><br>|
| 210000 | 0.83%, due 1/8/2027 | &nbsp;&nbsp; 230253<br> <sup>(i)</sup><br>|
| $1195000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, <br> 7.13%, due 5/15/2031<br>| &nbsp;&nbsp; 1215904<br> <sup>(c)</sup><br>|
| 1555000 | BroadStreet Partners, Inc., 5.88%, due 4/15/2029 | &nbsp;&nbsp; 1501393<br> <sup>(c)</sup><br>|
| 671000 | &nbsp;&nbsp; Corebridge Global Funding, (Secured Overnight Financing Rate + 1.30%), 5.68%, due <br> 9/25/2026<br>| &nbsp;&nbsp; 675848<br> <sup>(c)(f)</sup><br>|
| 7550000 | Equitable Holdings, Inc., 6.70%, due 3/28/2055 | &nbsp;&nbsp; 7453735<br> <sup>(j)</sup><br>|
| 12270000 | GA Global Funding Trust, 5.20%, due 12/9/2031 | &nbsp;&nbsp; 12229335<br> <sup>(c)</sup><br>|
|  | Global Atlantic Fin Co. |  |
| 5360000 | 4.70%, due 10/15/2051 | &nbsp;&nbsp; 5093921<br> <sup>(c)(j)</sup><br>|
| 4185000 | 7.95%, due 10/15/2054 | &nbsp;&nbsp; 4249947<br> <sup>(c)(j)</sup><br>|
|  | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC |  |
| 435000 | 7.25%, due 2/15/2031 | &nbsp;&nbsp; 446753<br> <sup>(c)</sup><br>|
| 460000 | 8.13%, due 2/15/2032 | &nbsp;&nbsp; 466625<br> <sup>(c)</sup><br>|
|  | HUB International Ltd. |  |
| 4110000 | 7.25%, due 6/15/2030 | &nbsp;&nbsp; 4263069<br> <sup>(c)</sup><br>|
| 540000 | 7.38%, due 1/31/2032 | &nbsp;&nbsp; 556331<br> <sup>(c)</sup><br>|
|  | Jones Deslauriers Insurance Management, Inc. |  |
| 605000 | 8.50%, due 3/15/2030 | &nbsp;&nbsp; 638144<br> <sup>(c)</sup><br>|
| 195000 | 10.50%, due 12/15/2030 | &nbsp;&nbsp; 209768<br> <sup>(c)</sup><br>|
| 2305000 | Liberty Mutual Group, Inc., 4.13%, due 12/15/2051 | &nbsp;&nbsp; 2176795<br> <sup>(c)(j)</sup><br>|
| 565000 | &nbsp;&nbsp; Marsh & McLennan Cos., Inc., (Secured Overnight Financing Rate Index + 0.70%), <br> 5.06%, due 11/8/2027<br>| &nbsp;&nbsp; 564193<br> <sup>(f)</sup><br>|
| 3740000 | MetLife, Inc., 6.35%, due 3/15/2055 | &nbsp;&nbsp; 3715297<br> <sup>(j)</sup><br>|
| 710000 | &nbsp;&nbsp; New York Life Global Funding, (Secured Overnight Financing Rate + 0.58%), 4.94%, due <br> 8/28/2026<br>| &nbsp;&nbsp; 710922<br> <sup>(c)(f)</sup><br>|
| 1150000 | Panther Escrow Issuer LLC, 7.13%, due 6/1/2031 | &nbsp;&nbsp; 1178169<br> <sup>(c)</sup><br>|
|  | Prudential Financial, Inc. |  |
| 1550000 | 5.13%, due 3/1/2052 | &nbsp;&nbsp; 1456741<br> <sup>(j)</sup><br>|
| 2340000 | 6.50%, due 3/15/2054 | &nbsp;&nbsp; 2347346<br> <sup>(j)</sup><br>|
| 2075000 | Reinsurance Group of America, Inc., 6.65%, due 9/15/2055 | &nbsp;&nbsp; 2010616<br> <sup>(j)</sup><br>|
| 495000 | USI, Inc., 7.50%, due 1/15/2032 | &nbsp;&nbsp; 511231<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **82820090** |
| **Internet 0.4%** | **Internet 0.4%** | **Internet 0.4%** |
| 100000 | Alphabet, Inc., 3.38%, due 5/6/2037 | &nbsp;&nbsp; 111971<br> <sup>(g)</sup><br>|
| 100000 | Booking Holdings, Inc., 3.88%, due 3/21/2045 | &nbsp;&nbsp; 106869 |
| 1257000 | Engineering - Ingegneria Informatica - SpA, 11.13%, due 5/15/2028 | &nbsp;&nbsp; 1501316<br> <sup>(i)</sup><br>|
|  | Gen Digital, Inc. |  |
| $455000 | 7.13%, due 9/30/2030 | &nbsp;&nbsp; 468478<br> <sup>(c)</sup><br>|
| 3180000 | 6.25%, due 4/1/2033 | &nbsp;&nbsp; 3171421<br> <sup>(c)</sup><br>|
|  | Rakuten Group, Inc. |  |
| 1210000 | 4.25%, due 4/22/2027 | &nbsp;&nbsp; 1257766<br> <sup>(i)(j)(k)</sup><br>|
| $945000 | 9.75%, due 4/15/2029 | &nbsp;&nbsp; 996795<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Internet – cont'd** | **Internet – cont'd** | **Internet – cont'd** |
|  | Uber Technologies, Inc. |  |
| $6205000 | 4.80%, due 9/15/2034 | &nbsp;&nbsp; $6011415 |
| 10265000 | 5.35%, due 9/15/2054 | &nbsp;&nbsp; 9401428 |
|  | United Group BV |  |
| 665000 | 4.63%, due 8/15/2028 | &nbsp;&nbsp; 749649<br> <sup>(i)</sup><br>|
| 1820000 | 5.25%, due 2/1/2030 | &nbsp;&nbsp; 2038234<br> <sup>(i)</sup><br>|
| 1483000 | 6.75%, due 2/15/2031 | &nbsp;&nbsp; 1720949<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **27536291** |
| **Investment Companies 0.1%** | **Investment Companies 0.1%** | **Investment Companies 0.1%** |
| $218000 | Abu Dhabi Developmental Holding Co. PJSC, 4.50%, due 5/6/2030 | &nbsp;&nbsp; 216899<br> <sup>(c)(g)</sup><br>|
| 3365000 | Blackstone Private Credit Fund, 6.00%, due 1/29/2032 | &nbsp;&nbsp; 3336952 |
|  |  | &nbsp;&nbsp; **3553851** |
| **Iron - Steel 0.2%** | **Iron - Steel 0.2%** | **Iron - Steel 0.2%** |
|  | Cleveland-Cliffs, Inc. |  |
| 1950000 | 6.88%, due 11/1/2029 | &nbsp;&nbsp; 1888630<br> <sup>(c)</sup><br>|
| 705000 | 7.00%, due 3/15/2032 | &nbsp;&nbsp; 662338<br> <sup>(c)</sup><br>|
| 200000 | CSN Inova Ventures, 6.75%, due 1/28/2028 | &nbsp;&nbsp; 186602<br> <sup>(i)</sup><br>|
|  | Metinvest BV |  |
| 240000 | 7.65%, due 10/1/2027 | &nbsp;&nbsp; 202325<br> <sup>(c)</sup><br>|
| 1990000 | 7.75%, due 10/17/2029 | &nbsp;&nbsp; 1584296<br> <sup>(c)</sup><br>|
| 1070000 | Periama Holdings LLC, 5.95%, due 4/19/2026 | &nbsp;&nbsp; 1065051<br> <sup>(i)</sup><br>|
| 200000 | POSCO, 4.38%, due 8/4/2025 | &nbsp;&nbsp; 199742<br> <sup>(c)</sup><br>|
| 4250000 | Vale Overseas Ltd., 6.40%, due 6/28/2054 | &nbsp;&nbsp; 4104808 |
|  |  | &nbsp;&nbsp; **9893792** |
| **Leisure Time 0.3%** | **Leisure Time 0.3%** | **Leisure Time 0.3%** |
|  | Carnival Corp. |  |
| 4290000 | 6.00%, due 5/1/2029 | &nbsp;&nbsp; 4264722<br> <sup>(c)</sup><br>|
| 2370000 | 6.13%, due 2/15/2033 | &nbsp;&nbsp; 2349960<br> <sup>(c)</sup><br>|
| 1208000 | Deuce Finco PLC, 5.50%, due 6/15/2027 | &nbsp;&nbsp; 1589857<br> <sup>(i)</sup><br>|
| $1105000 | Lindblad Expeditions Holdings, Inc., 9.00%, due 5/15/2028 | &nbsp;&nbsp; 1135622<br> <sup>(c)</sup><br>|
|  | NCL Corp. Ltd. |  |
| 84000 | 5.88%, due 3/15/2026 | &nbsp;&nbsp; 83571<br> <sup>(c)</sup><br>|
| 720000 | 7.75%, due 2/15/2029 | &nbsp;&nbsp; 743071<br> <sup>(c)</sup><br>|
| 725000 | 6.75%, due 2/1/2032 | &nbsp;&nbsp; 707919<br> <sup>(c)</sup><br>|
| 1190000 | Pinnacle Bidco PLC, 10.00%, due 10/11/2028 | &nbsp;&nbsp; 1681465<br> <sup>(i)</sup><br>|
| $1045000 | Royal Caribbean Cruises Ltd., 5.63%, due 9/30/2031 | &nbsp;&nbsp; 1036968<br> <sup>(c)</sup><br>|
|  | Viking Cruises Ltd. |  |
| 3920000 | 7.00%, due 2/15/2029 | &nbsp;&nbsp; 3934086<br> <sup>(c)</sup><br>|
| 885000 | 9.13%, due 7/15/2031 | &nbsp;&nbsp; 946237<br> <sup>(c)</sup><br>|
| 1860000 | Viking Ocean Cruises Ship VII Ltd., 5.63%, due 2/15/2029 | &nbsp;&nbsp; 1841346<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **20314824** |
| **Lodging 0.2%** | **Lodging 0.2%** | **Lodging 0.2%** |
| 900000 | Accor SA, 4.88%, due 6/6/2030 | &nbsp;&nbsp; 1025510<br> <sup>(i)(j)(k)</sup><br>|
| $200000 | Fortune Star BVI Ltd., 8.50%, due 5/19/2028 | &nbsp;&nbsp; 198210<br> <sup>(i)</sup><br>|
| 52000 | Las Vegas Sands Corp., 5.63%, due 6/15/2028 | &nbsp;&nbsp; 52119<br> <sup>(g)</sup><br>|
| 1975000 | Melco Resorts Finance Ltd., 5.63%, due 7/17/2027 | &nbsp;&nbsp; 1906079<br> <sup>(c)</sup><br>|
|  | MGM Resorts International |  |
| 825000 | 6.13%, due 9/15/2029 | &nbsp;&nbsp; 821267 |
| 990000 | 6.50%, due 4/15/2032 | &nbsp;&nbsp; 975555 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Lodging – cont'd** | **Lodging – cont'd** | **Lodging – cont'd** |
| 935000 | Motel One GmbH, 7.75%, due 4/2/2031 | &nbsp;&nbsp; $1118308<br> <sup>(i)</sup><br>|
| 1438000 | TVL Finance PLC, 10.25%, due 4/28/2028 | &nbsp;&nbsp; 1935684<br> <sup>(i)</sup><br>|
|  | Wynn Macau Ltd. |  |
| $1205000 | 5.50%, due 1/15/2026 | &nbsp;&nbsp; 1198321<br> <sup>(c)</sup><br>|
| 200000 | 5.50%, due 1/15/2026 | &nbsp;&nbsp; 198892<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **9429945** |
| **Machinery - Construction & Mining 0.1%** | **Machinery - Construction & Mining 0.1%** | **Machinery - Construction & Mining 0.1%** |
| 1500000 | &nbsp;&nbsp; Caterpillar Financial Services Corp., (Secured Overnight Financing Rate + 0.52%), 4.88%, <br> due 5/14/2027<br>| &nbsp;&nbsp; 1497660<br> <sup>(f)</sup><br>|
| 680000 | Manitowoc Co., Inc., 9.25%, due 10/1/2031 | &nbsp;&nbsp; 689350<br> <sup>(c)</sup><br>|
| 3920000 | Terex Corp., 6.25%, due 10/15/2032 | &nbsp;&nbsp; 3751609<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **5938619** |
| **Machinery - Diversified 0.1%** | **Machinery - Diversified 0.1%** | **Machinery - Diversified 0.1%** |
|  | Chart Industries, Inc. |  |
| 1005000 | 7.50%, due 1/1/2030 | &nbsp;&nbsp; 1042676<br> <sup>(c)</sup><br>|
| 820000 | 9.50%, due 1/1/2031 | &nbsp;&nbsp; 873836<br> <sup>(c)</sup><br>|
|  | John Deere Capital Corp. |  |
| 850000 | (Secured Overnight Financing Rate + 0.44%), 4.81%, due 3/6/2026 | &nbsp;&nbsp; 849933<br> <sup>(f)</sup><br>|
| 150000 | (Secured Overnight Financing Rate + 0.60%), 4.97%, due 6/11/2027 | &nbsp;&nbsp; 150091<br> <sup>(f)</sup><br>|
| 1775000 | SPX FLOW, Inc., 8.75%, due 4/1/2030 | &nbsp;&nbsp; 1789755<br> <sup>(c)</sup><br>|
| 2561000 | TK Elevator Midco GmbH, 4.38%, due 7/15/2027 | &nbsp;&nbsp; 2890356<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **7596647** |
| **Media 0.7%** | **Media 0.7%** | **Media 0.7%** |
|  | CCO Holdings LLC/CCO Holdings Capital Corp. |  |
| $2335000 | 5.38%, due 6/1/2029 | &nbsp;&nbsp; 2284070<br> <sup>(c)</sup><br>|
| 1110000 | 6.38%, due 9/1/2029 | &nbsp;&nbsp; 1119945<br> <sup>(c)</sup><br>|
| 2135000 | 4.75%, due 3/1/2030 | &nbsp;&nbsp; 2015515<br> <sup>(c)</sup><br>|
| 1280000 | 4.50%, due 8/15/2030 | &nbsp;&nbsp; 1188588<br> <sup>(c)</sup><br>|
| 835000 | 4.25%, due 2/1/2031 | &nbsp;&nbsp; 754442<br> <sup>(c)</sup><br>|
| 2275000 | 4.50%, due 5/1/2032 | &nbsp;&nbsp; 2021289 |
| 335000 | 4.50%, due 6/1/2033 | &nbsp;&nbsp; 291473<br> <sup>(c)</sup><br>|
| 830000 | 4.25%, due 1/15/2034 | &nbsp;&nbsp; 699182<br> <sup>(c)</sup><br>|
|  | Charter Communications Operating LLC/Charter Communications Operating Capital |  |
| 2975000 | 6.10%, due 6/1/2029 | &nbsp;&nbsp; 3080855 |
| 3825000 | 5.75%, due 4/1/2048 | &nbsp;&nbsp; 3265429 |
| 14868000 | 3.90%, due 6/1/2052 | &nbsp;&nbsp; 9416998 |
|  | CSC Holdings LLC |  |
| 350000 | 5.50%, due 4/15/2027 | &nbsp;&nbsp; 325213<br> <sup>(c)</sup><br>|
| 275000 | 5.38%, due 2/1/2028 | &nbsp;&nbsp; 240319<br> <sup>(c)</sup><br>|
| 205000 | 7.50%, due 4/1/2028 | &nbsp;&nbsp; 150142<br> <sup>(c)</sup><br>|
| 310000 | 11.25%, due 5/15/2028 | &nbsp;&nbsp; 303030<br> <sup>(c)</sup><br>|
| 900000 | 11.75%, due 1/31/2029 | &nbsp;&nbsp; 850876<br> <sup>(c)</sup><br>|
| 240000 | 6.50%, due 2/1/2029 | &nbsp;&nbsp; 196281<br> <sup>(c)</sup><br>|
| 295000 | 5.75%, due 1/15/2030 | &nbsp;&nbsp; 147954<br> <sup>(c)</sup><br>|
| 620000 | 4.13%, due 12/1/2030 | &nbsp;&nbsp; 424929<br> <sup>(c)</sup><br>|
| 455000 | 4.63%, due 12/1/2030 | &nbsp;&nbsp; 210450<br> <sup>(c)</sup><br>|
| 235000 | 4.50%, due 11/15/2031 | &nbsp;&nbsp; 159803<br> <sup>(c)</sup><br>|
| 745000 | DISH DBS Corp., 5.13%, due 6/1/2029 | &nbsp;&nbsp; 466455 |
| 3420000 | Fox Corp., 6.50%, due 10/13/2033 | &nbsp;&nbsp; 3638019 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Media – cont'd** | **Media – cont'd** | **Media – cont'd** |
|  | McGraw-Hill Education, Inc. |  |
| $770000 | 5.75%, due 8/1/2028 | &nbsp;&nbsp; $754298<br> <sup>(c)</sup><br>|
| 405000 | 8.00%, due 8/1/2029 | &nbsp;&nbsp; 401106<br> <sup>(c)</sup><br>|
| 275000 | 7.38%, due 9/1/2031 | &nbsp;&nbsp; 280984<br> <sup>(c)</sup><br>|
| 1565000 | Midcontinent Communications, 8.00%, due 8/15/2032 | &nbsp;&nbsp; 1595514<br> <sup>(c)</sup><br>|
| 1835000 | Sirius XM Radio LLC, 3.88%, due 9/1/2031 | &nbsp;&nbsp; 1574594<br> <sup>(c)</sup><br>|
| 1410000 | Virgin Media Secured Finance PLC, 5.50%, due 5/15/2029 | &nbsp;&nbsp; 1357567<br> <sup>(c)</sup><br>|
| 2009000 | Virgin Media Vendor Financing Notes III DAC, 4.88%, due 7/15/2028 | &nbsp;&nbsp; 2513901<br> <sup>(i)</sup><br>|
|  | Ziggo Bond Co. BV |  |
| 1951000 | 3.38%, due 2/28/2030 | &nbsp;&nbsp; 1956295<br> <sup>(i)</sup><br>|
| 1665000 | 6.13%, due 11/15/2032 | &nbsp;&nbsp; 1783519<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **45469035** |
| **Metal Fabricate - Hardware 0.0%**<sup>‡</sup> | **Metal Fabricate - Hardware 0.0%**<sup>‡</sup> | **Metal Fabricate - Hardware 0.0%**<sup>‡</sup> |
| 246000 | Timken Co., 4.13%, due 5/23/2034 | &nbsp;&nbsp; **271974** |
| **Mining 0.5%** | **Mining 0.5%** | **Mining 0.5%** |
| $1390000 | Capstone Copper Corp., 6.75%, due 3/31/2033 | &nbsp;&nbsp; 1365757<br> <sup>(c)</sup><br>|
| 200000 | Chinalco Capital Holdings Ltd., 2.13%, due 6/3/2026 | &nbsp;&nbsp; 195047<br> <sup>(i)</sup><br>|
| 200000 | Cia de Minas Buenaventura SAA, 6.80%, due 2/4/2032 | &nbsp;&nbsp; 198502<br> <sup>(c)</sup><br>|
|  | Constellium SE |  |
| 1360000 | 5.63%, due 6/15/2028 | &nbsp;&nbsp; 1338245<br> <sup>(c)</sup><br>|
| 1980000 | 5.38%, due 8/15/2032 | &nbsp;&nbsp; 2211277<br> <sup>(i)</sup><br>|
| $5000 | 6.38%, due 8/15/2032 | &nbsp;&nbsp; 4922<br> <sup>(c)</sup><br>|
|  | Corp. Nacional del Cobre de Chile |  |
| 2890000 | 3.15%, due 1/14/2030 | &nbsp;&nbsp; 2657219<br> <sup>(c)</sup><br>|
| 350000 | 6.44%, due 1/26/2036 | &nbsp;&nbsp; 362648<br> <sup>(c)</sup><br>|
| 200000 | Endeavour Mining PLC, 5.00%, due 10/14/2026 | &nbsp;&nbsp; 195930<br> <sup>(c)</sup><br>|
| 840000 | FMG Resources August 2006 Pty. Ltd., 4.50%, due 9/15/2027 | &nbsp;&nbsp; 819398<br> <sup>(c)</sup><br>|
| 785000 | Hudbay Minerals, Inc., 6.13%, due 4/1/2029 | &nbsp;&nbsp; 781501<br> <sup>(c)</sup><br>|
| 380000 | Ivanhoe Mines Ltd., 7.88%, due 1/23/2030 | &nbsp;&nbsp; 370664<br> <sup>(c)</sup><br>|
|  | Kaiser Aluminum Corp. |  |
| 3290000 | 4.63%, due 3/1/2028 | &nbsp;&nbsp; 3165472<br> <sup>(c)</sup><br>|
| 3920000 | 4.50%, due 6/1/2031 | &nbsp;&nbsp; 3522605<br> <sup>(c)</sup><br>|
| 1900000 | Minera Mexico SA de CV, 5.63%, due 2/12/2032 | &nbsp;&nbsp; 1901900<br> <sup>(c)</sup><br>|
|  | Novelis Corp. |  |
| 1425000 | 4.75%, due 1/30/2030 | &nbsp;&nbsp; 1325088<br> <sup>(c)</sup><br>|
| 2255000 | 6.88%, due 1/30/2030 | &nbsp;&nbsp; 2287490<br> <sup>(c)</sup><br>|
|  | Rio Tinto Finance USA PLC |  |
| 6040000 | 4.88%, due 3/14/2030 | &nbsp;&nbsp; 6131593 |
| 1515000 | 5.88%, due 3/14/2065 | &nbsp;&nbsp; 1496276 |
| 214000 | Stillwater Mining Co., 4.00%, due 11/16/2026 | &nbsp;&nbsp; 204811<br> <sup>(c)</sup><br>|
| 340000 | Taseko Mines Ltd., 8.25%, due 5/1/2030 | &nbsp;&nbsp; 343300<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **30879645** |
| **Miscellaneous Manufacturer 0.2%** | **Miscellaneous Manufacturer 0.2%** | **Miscellaneous Manufacturer 0.2%** |
| 5605000 | Amsted Industries, Inc., 6.38%, due 3/15/2033 | &nbsp;&nbsp; 5630239<br> <sup>(c)</sup><br>|
|  | Axon Enterprise, Inc. |  |
| 740000 | 6.13%, due 3/15/2030 | &nbsp;&nbsp; 752879<br> <sup>(c)</sup><br>|
| 4660000 | 6.25%, due 3/15/2033 | &nbsp;&nbsp; 4749598<br> <sup>(c)</sup><br>|
| 760000 | Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028 | &nbsp;&nbsp; 746298<br> <sup>(c)(l)</sup><br>|
| 930000 | Calderys Financing LLC, 11.25%, due 6/1/2028 | &nbsp;&nbsp; 982586<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Miscellaneous Manufacturer – cont'd** | **Miscellaneous Manufacturer – cont'd** | **Miscellaneous Manufacturer – cont'd** |
| 985000 | Ctec II GmbH, 5.25%, due 2/15/2030 | &nbsp;&nbsp; $974146<br> <sup>(i)</sup><br>|
| $335000 | Hillenbrand, Inc., 3.75%, due 3/1/2031 | &nbsp;&nbsp; 290851 |
|  |  | &nbsp;&nbsp; **14126597** |
| **Multi-National 0.0%**<sup>‡</sup> | **Multi-National 0.0%**<sup>‡</sup> | **Multi-National 0.0%**<sup>‡</sup> |
| 200000 | African Export-Import Bank, 2.63%, due 5/17/2026 | &nbsp;&nbsp; 193731<br> <sup>(i)</sup><br>|
| 200000 | Banque Ouest Africaine de Developpement, 5.00%, due 7/27/2027 | &nbsp;&nbsp; 196120<br> <sup>(i)</sup><br>|
| 200000 | Central American Bank for Economic Integration, 5.00%, due 2/9/2026 | &nbsp;&nbsp; 201015<br> <sup>(c)</sup><br>|
|  | Corp. Andina de Fomento |  |
| 287000 | 2.25%, due 2/8/2027 | &nbsp;&nbsp; 278535 |
| 94000 | 6.00%, due 4/26/2027 | &nbsp;&nbsp; 97496 |
| 26000 | 5.00%, due 1/24/2029 | &nbsp;&nbsp; 26709 |
| 200000 | Dexia SA, 0.63%, due 1/17/2026 | &nbsp;&nbsp; 224150<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **1217756** |
| **Office - Business Equipment 0.1%** | **Office - Business Equipment 0.1%** | **Office - Business Equipment 0.1%** |
| $6040000 | CDW LLC/CDW Finance Corp., 5.10%, due 3/1/2030 | &nbsp;&nbsp; **6028524** |
| **Oil & Gas 1.9%** | **Oil & Gas 1.9%** | **Oil & Gas 1.9%** |
| 2555000 | 3R Lux SARL, 9.75%, due 2/5/2031 | &nbsp;&nbsp; 2507324<br> <sup>(c)</sup><br>|
|  | Ascent Resources Utica Holdings LLC/ARU Finance Corp. |  |
| 770000 | 8.25%, due 12/31/2028 | &nbsp;&nbsp; 777912<br> <sup>(c)</sup><br>|
| 3880000 | 5.88%, due 6/30/2029 | &nbsp;&nbsp; 3764903<br> <sup>(c)</sup><br>|
| 2710000 | 6.63%, due 10/15/2032 | &nbsp;&nbsp; 2681573<br> <sup>(c)</sup><br>|
| 200000 | Azule Energy Finance PLC, 8.13%, due 1/23/2030 | &nbsp;&nbsp; 192800<br> <sup>(c)</sup><br>|
| 185366 | Borr IHC Ltd./Borr Finance LLC, 10.00%, due 11/15/2028 | &nbsp;&nbsp; 157654<br> <sup>(i)</sup><br>|
|  | BP Capital Markets PLC |  |
| 4000000 | 3.25%, due 3/22/2026 | &nbsp;&nbsp; 4514409<br> <sup>(i)(j)(k)</sup><br>|
| 1000000 | 4.38%, due 8/19/2031 | &nbsp;&nbsp; 1109027<br> <sup>(i)(j)(k)(n)</sup><br>|
| $805000 | &nbsp;&nbsp; Chevron USA, Inc., (Secured Overnight Financing Rate Index + 0.36%), 4.72%, due <br> 2/26/2027<br>| &nbsp;&nbsp; 803272<br> <sup>(f)</sup><br>|
|  | Civitas Resources, Inc. |  |
| 270000 | 8.38%, due 7/1/2028 | &nbsp;&nbsp; 265259<br> <sup>(c)</sup><br>|
| 1000000 | 8.63%, due 11/1/2030 | &nbsp;&nbsp; 963798<br> <sup>(c)</sup><br>|
| 2542000 | Comstock Resources, Inc., 6.75%, due 3/1/2029 | &nbsp;&nbsp; 2423007<br> <sup>(c)</sup><br>|
| 5460000 | ConocoPhillips Co., 5.50%, due 1/15/2055 | &nbsp;&nbsp; 5060388 |
| 595000 | Crescent Energy Finance LLC, 7.38%, due 1/15/2033 | &nbsp;&nbsp; 526585<br> <sup>(c)</sup><br>|
|  | Devon Energy Corp. |  |
| 6294000 | 5.20%, due 9/15/2034 | &nbsp;&nbsp; 5901340 |
| 5690000 | 5.75%, due 9/15/2054 | &nbsp;&nbsp; 4848943 |
|  | Diamondback Energy, Inc. |  |
| 6100000 | 5.55%, due 4/1/2035 | &nbsp;&nbsp; 5995442 |
| 3820000 | 6.25%, due 3/15/2053 | &nbsp;&nbsp; 3612281 |
| 3015000 | 5.75%, due 4/18/2054 | &nbsp;&nbsp; 2694060 |
|  | Ecopetrol SA |  |
| 200000 | 8.63%, due 1/19/2029 | &nbsp;&nbsp; 209102 |
| 2655000 | 4.63%, due 11/2/2031 | &nbsp;&nbsp; 2168463 |
| 1300000 | 8.88%, due 1/13/2033 | &nbsp;&nbsp; 1301239 |
| 1140000 | 8.38%, due 1/19/2036 | &nbsp;&nbsp; 1067140 |
| 1215000 | 5.88%, due 5/28/2045 | &nbsp;&nbsp; 814208 |
| 3725000 | EOG Resources, Inc., 5.65%, due 12/1/2054 | &nbsp;&nbsp; 3532353 |
| 227000 | Geopark Ltd., 8.75%, due 1/31/2030 | &nbsp;&nbsp; 196237<br> <sup>(c)</sup><br>|
| 2270000 | Gran Tierra Energy, Inc., 9.50%, due 10/15/2029 | &nbsp;&nbsp; 1765080<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Oil & Gas – cont'd** | **Oil & Gas – cont'd** | **Oil & Gas – cont'd** | **Oil & Gas – cont'd** |
|  |  | Hilcorp Energy I LP/Hilcorp Finance Co. |  |
| $| 1375000 | 5.75%, due 2/1/2029 | &nbsp;&nbsp; $1287415<br> <sup>(c)</sup><br>|
|  | 740000 | 8.38%, due 11/1/2033 | &nbsp;&nbsp; 703711<br> <sup>(c)</sup><br>|
|  | 2060000 | 6.88%, due 5/15/2034 | &nbsp;&nbsp; 1750600<br> <sup>(c)</sup><br>|
|  |  | KazMunayGas National Co. JSC |  |
|  | 2680000 | 5.75%, due 4/19/2047 | &nbsp;&nbsp; 2244060<br> <sup>(c)</sup><br>|
|  | 1000000 | 6.38%, due 10/24/2048 | &nbsp;&nbsp; 887960<br> <sup>(i)</sup><br>|
|  | 580000 | 6.38%, due 10/24/2048 | &nbsp;&nbsp; 515017<br> <sup>(c)</sup><br>|
|  | 695000 | Kimmeridge Texas Gas LLC, 8.50%, due 2/15/2030 | &nbsp;&nbsp; 667300<br> <sup>(c)</sup><br>|
|  | 106000 | Leviathan Bond Ltd., 6.13%, due 6/30/2025 | &nbsp;&nbsp; 105820<br> <sup>(i)</sup><br>|
|  |  | Matador Resources Co. |  |
|  | 245000 | 6.50%, due 4/15/2032 | &nbsp;&nbsp; 235988<br> <sup>(c)</sup><br>|
|  | 210000 | 6.25%, due 4/15/2033 | &nbsp;&nbsp; 198219<br> <sup>(c)</sup><br>|
|  | 817000 | Medco Bell Pte. Ltd., 6.38%, due 1/30/2027 | &nbsp;&nbsp; 808242<br> <sup>(c)</sup><br>|
|  | 200000 | NewCo Holding USD 20 SARL, 9.38%, due 11/7/2029 | &nbsp;&nbsp; 197500<br> <sup>(c)</sup><br>|
|  | 1100000 | Noble Finance II LLC, 8.00%, due 4/15/2030 | &nbsp;&nbsp; 1048044<br> <sup>(c)</sup><br>|
|  | 300000 | Northern Oil & Gas, Inc., 8.75%, due 6/15/2031 | &nbsp;&nbsp; 288219<br> <sup>(c)</sup><br>|
|  | 12955000 | Occidental Petroleum Corp., 6.05%, due 10/1/2054 | &nbsp;&nbsp; 11176210 |
|  | 995000 | Permian Resources Operating LLC, 7.00%, due 1/15/2032 | &nbsp;&nbsp; 1001657<br> <sup>(c)</sup><br>|
|  | 775000 | Pertamina Persero PT, 6.45%, due 5/30/2044 | &nbsp;&nbsp; 782746<br> <sup>(c)</sup><br>|
|  | 200000 | Petrobras Global Finance BV, 6.00%, due 1/27/2028 | &nbsp;&nbsp; 203248 |
|  |  | Petroleos Mexicanos |  |
|  | 14000 | 6.49%, due 1/23/2027 | &nbsp;&nbsp; 13679 |
|  | 287000 | 6.50%, due 3/13/2027 | &nbsp;&nbsp; 280417 |
| EUR | 1450000 | 4.75%, due 2/26/2029 | &nbsp;&nbsp; 1480184<br> <sup>(i)</sup><br>|
| $| 1990000 | 6.70%, due 2/16/2032 | &nbsp;&nbsp; 1705750 |
|  | 2515000 | 6.75%, due 9/21/2047 | &nbsp;&nbsp; 1689137 |
|  | 1875000 | 6.35%, due 2/12/2048 | &nbsp;&nbsp; 1210595 |
|  | 11075000 | 7.69%, due 1/23/2050 | &nbsp;&nbsp; 8080309 |
|  | 600000 | QatarEnergy, 1.38%, due 9/12/2026 | &nbsp;&nbsp; 575412<br> <sup>(i)</sup><br>|
|  | 1515000 | Raizen Fuels Finance SA, 6.95%, due 3/5/2054 | &nbsp;&nbsp; 1432347<br> <sup>(c)</sup><br>|
|  | 227000 | SA Global Sukuk Ltd., 4.25%, due 10/2/2029 | &nbsp;&nbsp; 222966<br> <sup>(c)</sup><br>|
|  | 1625000 | Saudi Arabian Oil Co., 5.75%, due 7/17/2054 | &nbsp;&nbsp; 1509625<br> <sup>(c)</sup><br>|
|  | 215000 | SEPLAT Energy PLC, 9.13%, due 3/21/2030 | &nbsp;&nbsp; 204949<br> <sup>(c)</sup><br>|
|  |  | SierraCol Energy Andina LLC |  |
|  | 1426000 | 6.00%, due 6/15/2028 | &nbsp;&nbsp; 1311665<br> <sup>(c)</sup><br>|
|  | 200000 | 6.00%, due 6/15/2028 | &nbsp;&nbsp; 183901<br> <sup>(i)</sup><br>|
|  | 200000 | Sinopec Group Overseas Development 2018 Ltd., 2.15%, due 5/13/2025 | &nbsp;&nbsp; 199847<br> <sup>(c)</sup><br>|
|  | 510000 | SM Energy Co., 7.00%, due 8/1/2032 | &nbsp;&nbsp; 470155<br> <sup>(c)</sup><br>|
|  | 1490000 | TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029 | &nbsp;&nbsp; 1369231<br> <sup>(c)</sup><br>|
| EUR | 4800000 | TotalEnergies SE, 4.50%, due 8/19/2034 | &nbsp;&nbsp; 5348885<br> <sup>(i)(j)(k)(n)</sup><br>|
| $| 830000 | Transocean, Inc., 8.25%, due 5/15/2029 | &nbsp;&nbsp; 669188<br> <sup>(c)</sup><br>|
|  | 200000 | Trident Energy Finance PLC, 12.50%, due 11/30/2029 | &nbsp;&nbsp; 188746<br> <sup>(c)</sup><br>|
| EUR | 1600000 | Wintershall Dea Finance 2 BV, 3.00%, due 7/20/2028 | &nbsp;&nbsp; 1661167<br> <sup>(i)(j)(k)(n)</sup><br>|
| $| 392000 | YPF SA, 9.50%, due 1/17/2031 | &nbsp;&nbsp; 404397<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **114168307** |
| **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** |
|  |  | Archrock Partners LP/Archrock Partners Finance Corp. |  |
|  | 515000 | 6.88%, due 4/1/2027 | &nbsp;&nbsp; 514275<br> <sup>(c)</sup><br>|
|  | 730000 | 6.25%, due 4/1/2028 | &nbsp;&nbsp; 728757<br> <sup>(c)</sup><br>|
|  | 1680000 | 6.63%, due 9/1/2032 | &nbsp;&nbsp; 1670548<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Oil & Gas Services – cont'd** | **Oil & Gas Services – cont'd** | **Oil & Gas Services – cont'd** |
| $1800000 | Aris Water Holdings LLC, 7.25%, due 4/1/2030 | &nbsp;&nbsp; $1786187<br> <sup>(c)</sup><br>|
| 1460000 | Star Holding LLC, 8.75%, due 8/1/2031 | &nbsp;&nbsp; 1337725<br> <sup>(c)</sup><br>|
| 2470000 | USA Compression Partners LP/USA Compression Finance Corp., 7.13%, due 3/15/2029 | &nbsp;&nbsp; 2493937<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **8531429** |
| **Packaging & Containers 0.2%** | **Packaging & Containers 0.2%** | **Packaging & Containers 0.2%** |
|  | Clydesdale Acquisition Holdings, Inc. |  |
| 225000 | 8.75%, due 4/15/2030 | &nbsp;&nbsp; 231823<br> <sup>(c)</sup><br>|
| 1945000 | 6.75%, due 4/15/2032 | &nbsp;&nbsp; 1988767<br> <sup>(c)</sup><br>|
| 600000 | &nbsp;&nbsp; Fiber Midco SpA, 10.00% cash, .75% deferred interest payable if called /mat 0.00% PIK, <br> due 6/15/2029<br>| &nbsp;&nbsp; 624144<br> <sup>(i)(l)</sup><br>|
| 2820000 | Guala Closures SpA, 3.25%, due 6/15/2028 | &nbsp;&nbsp; 3038996<br> <sup>(i)</sup><br>|
|  | Mauser Packaging Solutions Holding Co. |  |
| $1310000 | 7.88%, due 4/15/2027 | &nbsp;&nbsp; 1313458<br> <sup>(c)</sup><br>|
| 1875000 | 9.25%, due 4/15/2027 | &nbsp;&nbsp; 1720342<br> <sup>(c)</sup><br>|
|  | Sealed Air Corp. |  |
| 2635000 | 6.50%, due 7/15/2032 | &nbsp;&nbsp; 2680141<br> <sup>(c)</sup><br>|
| 330000 | 6.88%, due 7/15/2033 | &nbsp;&nbsp; 342573<br> <sup>(c)</sup><br>|
| 185000 | Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, due 2/15/2031 | &nbsp;&nbsp; 192650<br> <sup>(c)</sup><br>|
|  | Trivium Packaging Finance BV |  |
| 1475000 | 5.50%, due 8/15/2026 | &nbsp;&nbsp; 1460510<br> <sup>(c)</sup><br>|
| 1440000 | 8.50%, due 8/15/2027 | &nbsp;&nbsp; 1423270<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **15016674** |
| **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** | **Pharmaceuticals 0.8%** |
| 3040000 | 1261229 BC Ltd., 10.00%, due 4/15/2032 | &nbsp;&nbsp; 2976689<br> <sup>(c)</sup><br>|
| 840000 | AdaptHealth LLC, 6.13%, due 8/1/2028 | &nbsp;&nbsp; 814660<br> <sup>(c)</sup><br>|
| 1500000 | Bayer AG, 5.38%, due 3/25/2082 | &nbsp;&nbsp; 1669534<br> <sup>(i)(j)</sup><br>|
| 2411000 | Cheplapharm Arzneimittel GmbH, 4.38%, due 1/15/2028 | &nbsp;&nbsp; 2533698<br> <sup>(i)</sup><br>|
|  | CVS Health Corp. |  |
| $1000000 | 3.88%, due 7/20/2025 | &nbsp;&nbsp; 997377 |
| 6365000 | 5.05%, due 3/25/2048 | &nbsp;&nbsp; 5409524 |
| 1885000 | 5.63%, due 2/21/2053 | &nbsp;&nbsp; 1709413 |
| 9110000 | 5.88%, due 6/1/2053 | &nbsp;&nbsp; 8539274 |
| 7565000 | 7.00%, due 3/10/2055 | &nbsp;&nbsp; 7652364<br> <sup>(j)</sup><br>|
| 260000 | &nbsp;&nbsp; GlaxoSmithKline Capital PLC, (Secured Overnight Financing Rate + 0.50%), 4.87%, due <br> 3/12/2027<br>| &nbsp;&nbsp; 259675<br> <sup>(f)</sup><br>|
|  | Grifols SA |  |
| 805000 | 2.25%, due 11/15/2027 | &nbsp;&nbsp; 876452<br> <sup>(i)</sup><br>|
| 1325000 | 3.88%, due 10/15/2028 | &nbsp;&nbsp; 1407605<br> <sup>(i)</sup><br>|
| 1320000 | 7.50%, due 5/1/2030 | &nbsp;&nbsp; 1572551<br> <sup>(i)</sup><br>|
|  | Gruenenthal GmbH |  |
| 125000 | 4.13%, due 5/15/2028 | &nbsp;&nbsp; 140728<br> <sup>(i)</sup><br>|
| 1931000 | 4.63%, due 11/15/2031 | &nbsp;&nbsp; 2143636<br> <sup>(i)</sup><br>|
| 100000 | MSD Netherlands Capital BV, 3.75%, due 5/30/2054 | &nbsp;&nbsp; 104781 |
| 1025000 | Neopharmed Gentili SpA, 7.13%, due 4/8/2030 | &nbsp;&nbsp; 1195982<br> <sup>(i)(n)</sup><br>|
|  | Nidda Healthcare Holding GmbH |  |
| 628887 | 7.50%, due 8/21/2026 | &nbsp;&nbsp; 725830<br> <sup>(i)</sup><br>|
| 1290000 | 5.63%, due 2/21/2030 | &nbsp;&nbsp; 1476526<br> <sup>(i)</sup><br>|
|  | Rossini SARL |  |
| 750954 | (3 mo. EUR EURIBOR + 3.88%), 6.23%, due 12/31/2029 | &nbsp;&nbsp; 851783<br> <sup>(f)(i)</sup><br>|
| 865000 | 6.75%, due 12/31/2029 | &nbsp;&nbsp; 1019380<br> <sup>(i)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Pharmaceuticals – cont'd** | **Pharmaceuticals – cont'd** | **Pharmaceuticals – cont'd** |
|  | Teva Pharmaceutical Finance Netherlands II BV |  |
| 973000 | 1.63%, due 10/15/2028 | &nbsp;&nbsp; $1031233<br> <sup>(i)</sup><br>|
| 4993000 | 4.38%, due 5/9/2030 | &nbsp;&nbsp; 5712550 |
|  |  | &nbsp;&nbsp; **50821245** |
| **Pipelines 1.3%** | **Pipelines 1.3%** | **Pipelines 1.3%** |
|  | Antero Midstream Partners LP/Antero Midstream Finance Corp. |  |
| $3255000 | 5.38%, due 6/15/2029 | &nbsp;&nbsp; 3176571<br> <sup>(c)</sup><br>|
| 3025000 | 6.63%, due 2/1/2032 | &nbsp;&nbsp; 3056269<br> <sup>(c)</sup><br>|
| 2345000 | Buckeye Partners LP, 6.75%, due 2/1/2030 | &nbsp;&nbsp; 2386052<br> <sup>(c)</sup><br>|
|  | CQP Holdco LP/BIP-V Chinook Holdco LLC |  |
| 455000 | 5.50%, due 6/15/2031 | &nbsp;&nbsp; 436633<br> <sup>(c)</sup><br>|
| 155000 | 7.50%, due 12/15/2033 | &nbsp;&nbsp; 163089<br> <sup>(c)</sup><br>|
| 3200000 | Enbridge, Inc., 8.25%, due 1/15/2084 | &nbsp;&nbsp; 3319926<br> <sup>(j)</sup><br>|
|  | Energy Transfer LP |  |
| 6915000 | 5.95%, due 5/15/2054 | &nbsp;&nbsp; 6286481 |
| 15434000 | 6.20%, due 4/1/2055 | &nbsp;&nbsp; 14480923 |
| 1925000 | Excelerate Energy LP, 8.00%, due 5/15/2030 | &nbsp;&nbsp; 1955467<br> <sup>(c)(g)</sup><br>|
|  | Genesis Energy LP/Genesis Energy Finance Corp. |  |
| 1825000 | 7.75%, due 2/1/2028 | &nbsp;&nbsp; 1818040 |
| 1000 | 7.88%, due 5/15/2032 | &nbsp;&nbsp; 973 |
| 230000 | 8.00%, due 5/15/2033 | &nbsp;&nbsp; 223080 |
|  | Harvest Midstream I LP |  |
| 1290000 | 7.50%, due 9/1/2028 | &nbsp;&nbsp; 1305729<br> <sup>(c)</sup><br>|
| 1120000 | 7.50%, due 5/15/2032 | &nbsp;&nbsp; 1139848<br> <sup>(c)</sup><br>|
| 690000 | Hess Midstream Operations LP, 5.88%, due 3/1/2028 | &nbsp;&nbsp; 691450<br> <sup>(c)</sup><br>|
| 5800000 | Howard Midstream Energy Partners LLC, 7.38%, due 7/15/2032 | &nbsp;&nbsp; 5936813<br> <sup>(c)</sup><br>|
| 865000 | ITT Holdings LLC, 6.50%, due 8/1/2029 | &nbsp;&nbsp; 789796<br> <sup>(c)</sup><br>|
|  | Kinder Morgan, Inc. |  |
| 1335000 | 5.15%, due 6/1/2030 | &nbsp;&nbsp; 1347754<br> <sup>(g)</sup><br>|
| 3740000 | 5.55%, due 6/1/2045 | &nbsp;&nbsp; 3424010 |
|  | Kinetik Holdings LP |  |
| 205000 | 6.63%, due 12/15/2028 | &nbsp;&nbsp; 206498<br> <sup>(c)</sup><br>|
| 1750000 | 5.88%, due 6/15/2030 | &nbsp;&nbsp; 1709837<br> <sup>(c)</sup><br>|
| 12197000 | MPLX LP, 5.95%, due 4/1/2055 | &nbsp;&nbsp; 11224160 |
| 405000 | Northriver Midstream Finance LP, 6.75%, due 7/15/2032 | &nbsp;&nbsp; 402454<br> <sup>(c)</sup><br>|
| 4325000 | Rockies Express Pipeline LLC, 6.75%, due 3/15/2033 | &nbsp;&nbsp; 4394347<br> <sup>(c)</sup><br>|
| 600000 | Southern Gas Corridor CJSC, 6.88%, due 3/24/2026 | &nbsp;&nbsp; 606000<br> <sup>(i)</sup><br>|
|  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. |  |
| 1355000 | 5.50%, due 1/15/2028 | &nbsp;&nbsp; 1317378<br> <sup>(c)</sup><br>|
| 1470000 | 6.00%, due 12/31/2030 | &nbsp;&nbsp; 1368778<br> <sup>(c)</sup><br>|
| 170000 | 6.00%, due 9/1/2031 | &nbsp;&nbsp; 156718<br> <sup>(c)</sup><br>|
| 760000 | TransMontaigne Partners LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 764929<br> <sup>(c)</sup><br>|
|  | Venture Global LNG, Inc. |  |
| 610000 | 7.00%, due 1/15/2030 | &nbsp;&nbsp; 574620<br> <sup>(c)</sup><br>|
| 1830000 | 8.38%, due 6/1/2031 | &nbsp;&nbsp; 1764698<br> <sup>(c)</sup><br>|
| 580000 | 9.88%, due 2/1/2032 | &nbsp;&nbsp; 588911<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **77018232** |
| **Real Estate 0.3%** | **Real Estate 0.3%** | **Real Estate 0.3%** |
| 1394400 | Adler Financing SARL, 8.25%, due 12/31/2028 | &nbsp;&nbsp; 1618743<br> <sup>(l)</sup><br>|
| 100000 | Aroundtown SA, 1.63%, due 4/15/2026 | &nbsp;&nbsp; 101714<br> <sup>(i)(j)(k)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Real Estate – cont'd** | **Real Estate – cont'd** | **Real Estate – cont'd** |
|  | Balder Finland OYJ |  |
| 615000 | 1.38%, due 5/24/2030 | &nbsp;&nbsp; $618875<br> <sup>(i)</sup><br>|
| 100000 | 2.00%, due 1/18/2031 | &nbsp;&nbsp; 102523<br> <sup>(i)</sup><br>|
| 1600000 | Castellum AB, 3.13%, due 12/2/2026 | &nbsp;&nbsp; 1751251<br> <sup>(i)(j)(k)</sup><br>|
| $1305000 | Country Garden Holdings Co. Ltd., 4.80%, due 8/6/2030 | &nbsp;&nbsp; 110990<br> <sup>(i)(o)</sup><br>|
|  | CPI Property Group SA |  |
| 1110000 | 4.88%, due 7/16/2025 | &nbsp;&nbsp; 1210309<br> <sup>(i)(j)(k)</sup><br>|
| 200000 | 4.88%, due 8/18/2026 | &nbsp;&nbsp; 214214<br> <sup>(i)(j)(k)</sup><br>|
| 320000 | 4.00%, due 1/22/2028 | &nbsp;&nbsp; 394479<br> <sup>(i)</sup><br>|
| 1700000 | 7.00%, due 5/7/2029 | &nbsp;&nbsp; 2006905<br> <sup>(i)</sup><br>|
| 1285000 | 1.75%, due 1/14/2030 | &nbsp;&nbsp; 1202996<br> <sup>(i)</sup><br>|
| 1171000 | 1.50%, due 1/27/2031 | &nbsp;&nbsp; 1037196<br> <sup>(i)</sup><br>|
| $755000 | Cushman & Wakefield U.S. Borrower LLC, 6.75%, due 5/15/2028 | &nbsp;&nbsp; 758522<br> <sup>(c)</sup><br>|
| 1446000 | Fastighets AB Balder, 2.87%, due 6/2/2081 | &nbsp;&nbsp; 1594078<br> <sup>(i)(j)</sup><br>|
| 100000 | Grand City Properties SA, 1.50%, due 3/9/2026 | &nbsp;&nbsp; 106581<br> <sup>(i)(j)(k)</sup><br>|
| 1899000 | Heimstaden AB, 8.38%, due 1/29/2030 | &nbsp;&nbsp; 2130743<br> <sup>(i)</sup><br>|
|  | Heimstaden Bostad AB |  |
| 200000 | 3.38%, due 1/15/2026 | &nbsp;&nbsp; 218640<br> <sup>(i)(j)(k)</sup><br>|
| 1213000 | 2.63%, due 2/1/2027 | &nbsp;&nbsp; 1262581<br> <sup>(i)(j)(k)</sup><br>|
| 1200000 | 3.00%, due 10/29/2027 | &nbsp;&nbsp; 1223275<br> <sup>(i)(j)(k)</sup><br>|
| 1600000 | Heimstaden Bostad Treasury BV, 1.63%, due 10/13/2031 | &nbsp;&nbsp; 1536798<br> <sup>(i)</sup><br>|
| $200000 | Longfor Group Holdings Ltd., 4.50%, due 1/16/2028 | &nbsp;&nbsp; 176512<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **19377925** |
| **Real Estate Investment Trusts 0.4%** | **Real Estate Investment Trusts 0.4%** | **Real Estate Investment Trusts 0.4%** |
| 930000 | Alexandrite Monnet U.K. Holdco PLC, 10.50%, due 5/15/2029 | &nbsp;&nbsp; 1155849<br> <sup>(i)</sup><br>|
|  | Blackstone Mortgage Trust, Inc. |  |
| $385000 | 3.75%, due 1/15/2027 | &nbsp;&nbsp; 365923<br> <sup>(c)</sup><br>|
| 2085000 | 7.75%, due 12/1/2029 | &nbsp;&nbsp; 2165521<br> <sup>(c)</sup><br>|
| 1465412 | Globalworth Real Estate Investments Ltd., 6.25%, due 3/31/2029 | &nbsp;&nbsp; 1681562<br> <sup>(i)</sup><br>|
| $565000 | Iron Mountain Information Management Services, Inc., 5.00%, due 7/15/2032 | &nbsp;&nbsp; 527865<br> <sup>(c)</sup><br>|
| 315000 | Iron Mountain, Inc., 5.63%, due 7/15/2032 | &nbsp;&nbsp; 305494<br> <sup>(c)</sup><br>|
| 380000 | &nbsp;&nbsp; Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, due <br> 7/15/2031<br>| &nbsp;&nbsp; 390450<br> <sup>(c)</sup><br>|
| 1235000 | Necessity Retail REIT, Inc./American Finance Operating Partner LP, 4.50%, due 9/30/2028 | &nbsp;&nbsp; 1164546<br> <sup>(c)</sup><br>|
| 3065000 | &nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 5.88%, <br> due 10/1/2028<br>| &nbsp;&nbsp; 2991011<br> <sup>(c)</sup><br>|
| 2075000 | Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029 | &nbsp;&nbsp; 2037690<br> <sup>(c)</sup><br>|
|  | RHP Hotel Properties LP/RHP Finance Corp. |  |
| 455000 | 4.50%, due 2/15/2029 | &nbsp;&nbsp; 435390<br> <sup>(c)</sup><br>|
| 395000 | 6.50%, due 4/1/2032 | &nbsp;&nbsp; 393682<br> <sup>(c)</sup><br>|
| 1260000 | RLJ Lodging Trust LP, 4.00%, due 9/15/2029 | &nbsp;&nbsp; 1138768<br> <sup>(c)</sup><br>|
|  | Service Properties Trust |  |
| 320000 | 5.25%, due 2/15/2026 | &nbsp;&nbsp; 316016 |
| 490000 | 4.75%, due 10/1/2026 | &nbsp;&nbsp; 474403 |
| 425000 | 8.63%, due 11/15/2031 | &nbsp;&nbsp; 450956<br> <sup>(c)</sup><br>|
| 1250000 | Simon Property Group LP, 3.50%, due 9/1/2025 | &nbsp;&nbsp; 1245007 |
|  | Starwood Property Trust, Inc. |  |
| 605000 | 7.25%, due 4/1/2029 | &nbsp;&nbsp; 627400<br> <sup>(c)</sup><br>|
| 4430000 | 6.50%, due 7/1/2030 | &nbsp;&nbsp; 4455707<br> <sup>(c)</sup><br>|
|  | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC |  |
| 799000 | 10.50%, due 2/15/2028 | &nbsp;&nbsp; 848366<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Real Estate Investment Trusts – cont'd** | **Real Estate Investment Trusts – cont'd** | **Real Estate Investment Trusts – cont'd** |
| $1205000 | 4.75%, due 4/15/2028 | &nbsp;&nbsp; $1153265<br> <sup>(c)</sup><br>|
| 370000 | 6.50%, due 2/15/2029 | &nbsp;&nbsp; 338487<br> <sup>(c)</sup><br>|
| 1895000 | XHR LP, 4.88%, due 6/1/2029 | &nbsp;&nbsp; 1781225<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **26444583** |
| **Retail 0.6%** | **Retail 0.6%** | **Retail 0.6%** |
| 215000 | Alsea SAB de CV, 7.75%, due 12/14/2026 | &nbsp;&nbsp; 216286<br> <sup>(c)</sup><br>|
|  | Asbury Automotive Group, Inc. |  |
| 420000 | 4.75%, due 3/1/2030 | &nbsp;&nbsp; 392782 |
| 1360000 | 5.00%, due 2/15/2032 | &nbsp;&nbsp; 1239410<br> <sup>(c)</sup><br>|
|  | B&M European Value Retail SA |  |
| 1035000 | 8.13%, due 11/15/2030 | &nbsp;&nbsp; 1442933<br> <sup>(i)</sup><br>|
| 670000 | 6.50%, due 11/27/2031 | &nbsp;&nbsp; 871849<br> <sup>(i)</sup><br>|
| $1860000 | Bath & Body Works, Inc., 6.63%, due 10/1/2030 | &nbsp;&nbsp; 1892747<br> <sup>(c)</sup><br>|
| 2475000 | Beacon Roofing Supply, Inc., 6.75%, due 4/30/2032 | &nbsp;&nbsp; 2481402<br> <sup>(c)</sup><br>|
|  | Bertrand Franchise Finance SAS |  |
| 535000 | (3 mo. EUR EURIBOR + 3.75%), 5.99%, due 7/18/2030 | &nbsp;&nbsp; 603727<br> <sup>(f)(i)</sup><br>|
| 250000 | 6.50%, due 7/18/2030 | &nbsp;&nbsp; 293467<br> <sup>(i)</sup><br>|
| 2226000 | Bubbles Bidco SPA, 6.50%, due 9/30/2031 | &nbsp;&nbsp; 2518775<br> <sup>(i)</sup><br>|
|  | Carvana Co. |  |
| $349439 | 9.00% Cash/12.00% PIK, due 12/1/2028 | &nbsp;&nbsp; 359239<br> <sup>(c)(l)</sup><br>|
| 235000 | 11.00% Cash/13.00% PIK, due 6/1/2030 | &nbsp;&nbsp; 248828<br> <sup>(c)(l)</sup><br>|
| 2410000 | CD&R Firefly Bidco PLC, 8.63%, due 4/30/2029 | &nbsp;&nbsp; 3276446<br> <sup>(i)</sup><br>|
| 1823000 | Ceconomy AG, 6.25%, due 7/15/2029 | &nbsp;&nbsp; 2148058<br> <sup>(i)</sup><br>|
| $200000 | CK Hutchison International 23 Ltd., 4.75%, due 4/21/2028 | &nbsp;&nbsp; 201116<br> <sup>(c)</sup><br>|
| 203000 | CK Hutchison International 24 Ltd., 5.38%, due 4/26/2029 | &nbsp;&nbsp; 208014<br> <sup>(c)</sup><br>|
| 2040000 | Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032 | &nbsp;&nbsp; 2115352<br> <sup>(c)</sup><br>|
| 1470000 | Eroski S Coop, 10.63%, due 4/30/2029 | &nbsp;&nbsp; 1794343<br> <sup>(i)</sup><br>|
| 1065000 | Fnac Darty SA, 6.00%, due 4/1/2029 | &nbsp;&nbsp; 1266483<br> <sup>(i)</sup><br>|
| 420000 | Food Service Project SA, 5.50%, due 1/21/2027 | &nbsp;&nbsp; 475797<br> <sup>(i)</sup><br>|
| 920000 | Goldstory SAS, 6.75%, due 2/1/2030 | &nbsp;&nbsp; 1066975<br> <sup>(i)</sup><br>|
| $830000 | Group 1 Automotive, Inc., 6.38%, due 1/15/2030 | &nbsp;&nbsp; 838480<br> <sup>(c)</sup><br>|
| 1005000 | GYP Holdings III Corp., 4.63%, due 5/1/2029 | &nbsp;&nbsp; 945090<br> <sup>(c)</sup><br>|
| 1515000 | LCM Investments Holdings II LLC, 8.25%, due 8/1/2031 | &nbsp;&nbsp; 1584522<br> <sup>(c)</sup><br>|
| 100000 | Maxeda DIY Holding BV, 5.88%, due 10/1/2026 | &nbsp;&nbsp; 92895<br> <sup>(i)</sup><br>|
| $195000 | Nordstrom, Inc., 4.38%, due 4/1/2030 | &nbsp;&nbsp; 172716 |
| 1270000 | Patrick Industries, Inc., 6.38%, due 11/1/2032 | &nbsp;&nbsp; 1232952<br> <sup>(c)</sup><br>|
| 1586000 | PEU Fin PLC, 7.25%, due 7/1/2028 | &nbsp;&nbsp; 1859115<br> <sup>(i)</sup><br>|
| 761000 | Waga Bondco Ltd., 8.50%, due 6/15/2030 | &nbsp;&nbsp; 990605<br> <sup>(i)</sup><br>|
|  | Walgreens Boots Alliance, Inc. |  |
| 2185000 | 2.13%, due 11/20/2026 | &nbsp;&nbsp; 2394616 |
| $200000 | 8.13%, due 8/15/2029 | &nbsp;&nbsp; 208090 |
| 125000 | 4.80%, due 11/18/2044 | &nbsp;&nbsp; 115440 |
| 615000 | &nbsp;&nbsp; Walmart, Inc., (Secured Overnight Financing Rate Index + 0.43%), 4.81%, due <br> 4/28/2027<br>| &nbsp;&nbsp; 615916<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **36164466** |
| **Savings & Loans 0.1%** | **Savings & Loans 0.1%** | **Savings & Loans 0.1%** |
| 5455000 | Nationwide Building Society, 4.13%, due 10/18/2032 | &nbsp;&nbsp; **5304025**<br> <sup>(c)(j)</sup><br>|
| **Semiconductors 1.0%** | **Semiconductors 1.0%** | **Semiconductors 1.0%** |
|  | Foundry JV Holdco LLC |  |
| 7720000 | 6.25%, due 1/25/2035 | &nbsp;&nbsp; 7981879<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Semiconductors – cont'd** | **Semiconductors – cont'd** | **Semiconductors – cont'd** |
| $3875000 | 6.10%, due 1/25/2036 | &nbsp;&nbsp; $3948051<br> <sup>(c)</sup><br>|
| 10159000 | 6.30%, due 1/25/2039 | &nbsp;&nbsp; 10543392<br> <sup>(c)</sup><br>|
|  | Intel Corp. |  |
| 11803000 | 3.25%, due 11/15/2049 | &nbsp;&nbsp; 7209746 |
| 7265000 | 4.90%, due 8/5/2052 | &nbsp;&nbsp; 5782324 |
| 10635000 | 5.60%, due 2/21/2054 | &nbsp;&nbsp; 9384728 |
| 7731000 | Marvell Technology, Inc., 5.95%, due 9/15/2033 | &nbsp;&nbsp; 8000255 |
| 4477000 | Microchip Technology, Inc., 5.05%, due 2/15/2030 | &nbsp;&nbsp; 4456585 |
|  | Micron Technology, Inc. |  |
| 2020000 | 5.65%, due 11/1/2032 | &nbsp;&nbsp; 2046087 |
| 4210000 | 6.05%, due 11/1/2035 | &nbsp;&nbsp; 4268570 |
|  | SK Hynix, Inc. |  |
| 200000 | 6.25%, due 1/17/2026 | &nbsp;&nbsp; 201930<br> <sup>(c)</sup><br>|
| 200000 | 6.38%, due 1/17/2028 | &nbsp;&nbsp; 208386<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **64031933** |
| **Software 1.1%** | **Software 1.1%** | **Software 1.1%** |
|  | AppLovin Corp. |  |
| 13030000 | 5.50%, due 12/1/2034 | &nbsp;&nbsp; 13017023 |
| 8268000 | 5.95%, due 12/1/2054 | &nbsp;&nbsp; 7895408 |
| 1560000 | AthenaHealth Group, Inc., 6.50%, due 2/15/2030 | &nbsp;&nbsp; 1491128<br> <sup>(c)</sup><br>|
|  | Cloud Software Group, Inc. |  |
| 1370000 | 6.50%, due 3/31/2029 | &nbsp;&nbsp; 1370492<br> <sup>(c)</sup><br>|
| 395000 | 9.00%, due 9/30/2029 | &nbsp;&nbsp; 397935<br> <sup>(c)</sup><br>|
| 685000 | 8.25%, due 6/30/2032 | &nbsp;&nbsp; 714536<br> <sup>(c)</sup><br>|
| 100000 | Fiserv Funding ULC, 2.88%, due 6/15/2028 | &nbsp;&nbsp; 113452<br> <sup>(g)</sup><br>|
| $1250000 | Open Text Holdings, Inc., 4.13%, due 2/15/2030 | &nbsp;&nbsp; 1155093<br> <sup>(c)</sup><br>|
|  | Oracle Corp. |  |
| 405000 | 2.95%, due 5/15/2025 | &nbsp;&nbsp; 404712 |
| 950000 | 1.65%, due 3/25/2026 | &nbsp;&nbsp; 925812 |
| 3000000 | 3.95%, due 3/25/2051 | &nbsp;&nbsp; 2166187 |
| 19113000 | 6.00%, due 8/3/2055 | &nbsp;&nbsp; 18591403 |
| 3820000 | Paychex, Inc., 5.60%, due 4/15/2035 | &nbsp;&nbsp; 3890585 |
| 7640000 | Synopsys, Inc., 5.70%, due 4/1/2055 | &nbsp;&nbsp; 7384508 |
| 7045000 | UKG, Inc., 6.88%, due 2/1/2031 | &nbsp;&nbsp; 7247854<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **66766128** |
| **Telecommunications 2.1%** | **Telecommunications 2.1%** | **Telecommunications 2.1%** |
|  | Altice France SA |  |
| 1015000 | 3.38%, due 1/15/2028 | &nbsp;&nbsp; 924121<br> <sup>(i)</sup><br>|
| $1395000 | 5.50%, due 1/15/2028 | &nbsp;&nbsp; 1154913<br> <sup>(c)</sup><br>|
| 910000 | 4.13%, due 1/15/2029 | &nbsp;&nbsp; 831239<br> <sup>(i)</sup><br>|
|  | AT&T, Inc. |  |
| $1470000 | 1.70%, due 3/25/2026 | &nbsp;&nbsp; 1433724 |
| 20925000 | 3.50%, due 9/15/2053 | &nbsp;&nbsp; 14005664 |
|  | Bell Telephone Co. of Canada or Bell Canada |  |
| 5315000 | 6.88%, due 9/15/2055 | &nbsp;&nbsp; 5308783<br> <sup>(j)</sup><br>|
| 375000 | 7.00%, due 9/15/2055 | &nbsp;&nbsp; 372128<br> <sup>(j)</sup><br>|
|  | British Telecommunications PLC |  |
| 679000 | 5.13%, due 10/3/2054 | &nbsp;&nbsp; 785782<br> <sup>(i)(j)</sup><br>|
| 5198000 | 8.38%, due 12/20/2083 | &nbsp;&nbsp; 7386317<br> <sup>(i)(j)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** |
|  | CommScope LLC |  |
| $435000 | 8.25%, due 3/1/2027 | &nbsp;&nbsp; $396232<br> <sup>(c)</sup><br>|
| 1280000 | 9.50%, due 12/15/2031 | &nbsp;&nbsp; 1309404<br> <sup>(c)</sup><br>|
| 1140000 | Consolidated Communications, Inc., 6.50%, due 10/1/2028 | &nbsp;&nbsp; 1119127<br> <sup>(c)</sup><br>|
|  | EchoStar Corp. |  |
| 2395000 | 10.75%, due 11/30/2029 | &nbsp;&nbsp; 2532791 |
| 167724 | 6.75%, due 11/30/2030 | &nbsp;&nbsp; 156331 |
| 900000 | Eutelsat SA, 2.25%, due 7/13/2027 | &nbsp;&nbsp; 948378<br> <sup>(i)</sup><br>|
|  | Fibercop SpA |  |
| 897000 | 6.88%, due 2/15/2028 | &nbsp;&nbsp; 1086389<br> <sup>(i)</sup><br>|
| 3206000 | 7.88%, due 7/31/2028 | &nbsp;&nbsp; 4027953<br> <sup>(i)</sup><br>|
| $250000 | 6.38%, due 11/15/2033 | &nbsp;&nbsp; 238563<br> <sup>(c)</sup><br>|
| 830000 | 6.00%, due 9/30/2034 | &nbsp;&nbsp; 766482<br> <sup>(c)</sup><br>|
|  | Iliad Holding SASU |  |
| 3210000 | 5.63%, due 10/15/2028 | &nbsp;&nbsp; 3700215<br> <sup>(i)</sup><br>|
| $720000 | 7.00%, due 10/15/2028 | &nbsp;&nbsp; 728778<br> <sup>(c)</sup><br>|
| 2010000 | 6.88%, due 4/15/2031 | &nbsp;&nbsp; 2428084<br> <sup>(i)</sup><br>|
| $655000 | 8.50%, due 4/15/2031 | &nbsp;&nbsp; 690915<br> <sup>(c)</sup><br>|
| 235000 | 7.00%, due 4/15/2032 | &nbsp;&nbsp; 238203<br> <sup>(c)</sup><br>|
| 1016000 | Koninklijke KPN NV, 6.00%, due 9/21/2027 | &nbsp;&nbsp; 1218423<br> <sup>(i)(j)(k)</sup><br>|
|  | Level 3 Financing, Inc. |  |
| $1255000 | 10.50%, due 4/15/2029 | &nbsp;&nbsp; 1389579<br> <sup>(c)</sup><br>|
| 620000 | 4.88%, due 6/15/2029 | &nbsp;&nbsp; 540950<br> <sup>(c)</sup><br>|
| 225000 | 3.75%, due 7/15/2029 | &nbsp;&nbsp; 169151<br> <sup>(c)</sup><br>|
| 420189 | 11.00%, due 11/15/2029 | &nbsp;&nbsp; 469561<br> <sup>(c)</sup><br>|
| 355000 | 4.50%, due 4/1/2030 | &nbsp;&nbsp; 295619<br> <sup>(c)</sup><br>|
| 565000 | 10.50%, due 5/15/2030 | &nbsp;&nbsp; 610804<br> <sup>(c)</sup><br>|
| 460000 | 10.75%, due 12/15/2030 | &nbsp;&nbsp; 509268<br> <sup>(c)</sup><br>|
| 3710000 | Lorca Telecom Bondco SA, 4.00%, due 9/18/2027 | &nbsp;&nbsp; 4202875<br> <sup>(i)</sup><br>|
|  | Lumen Technologies, Inc. |  |
| $370000 | 4.13%, due 4/15/2029 | &nbsp;&nbsp; 347800<br> <sup>(c)</sup><br>|
| 170000 | 10.00%, due 10/15/2032 | &nbsp;&nbsp; 169575<br> <sup>(c)</sup><br>|
| 800000 | Odido Group Holding BV, 5.50%, due 1/15/2030 | &nbsp;&nbsp; 898502<br> <sup>(i)</sup><br>|
| 2720000 | Odido Holding BV, 3.75%, due 1/15/2029 | &nbsp;&nbsp; 3019527<br> <sup>(i)</sup><br>|
| $2105000 | Oztel Holdings SPC Ltd., 6.63%, due 4/24/2028 | &nbsp;&nbsp; 2170150<br> <sup>(c)</sup><br>|
| 1240000 | PLT VII Finance SARL, 6.00%, due 6/15/2031 | &nbsp;&nbsp; 1440284<br> <sup>(i)</sup><br>|
| 2200000 | Proximus SADP, 4.75%, due 7/2/2031 | &nbsp;&nbsp; 2441621<br> <sup>(i)(j)(k)</sup><br>|
|  | Rogers Communications, Inc. |  |
| $6395000 | 7.00%, due 4/15/2055 | &nbsp;&nbsp; 6442744<br> <sup>(j)</sup><br>|
| 330000 | 7.13%, due 4/15/2055 | &nbsp;&nbsp; 328804<br> <sup>(j)</sup><br>|
| 2725000 | Sunrise HoldCo IV BV, 3.63%, due 6/15/2029 | &nbsp;&nbsp; 3010173<br> <sup>(i)</sup><br>|
|  | Telecom Italia SpA |  |
| 348000 | 6.88%, due 2/15/2028 | &nbsp;&nbsp; 429808<br> <sup>(i)</sup><br>|
| 813000 | 7.88%, due 7/31/2028 | &nbsp;&nbsp; 1038571<br> <sup>(i)</sup><br>|
|  | Telefonica Europe BV |  |
| 1500000 | 7.13%, due 8/23/2028 | &nbsp;&nbsp; 1877549<br> <sup>(i)(j)(k)</sup><br>|
| 800000 | 6.14%, due 2/3/2030 | &nbsp;&nbsp; 960580<br> <sup>(i)(j)(k)</sup><br>|
| 1500000 | 6.75%, due 6/7/2031 | &nbsp;&nbsp; 1856981<br> <sup>(i)(j)(k)</sup><br>|
| 500000 | 2.88%, due 6/24/2027 | &nbsp;&nbsp; 554710<br> <sup>(i)(j)(k)</sup><br>|
|  | T-Mobile USA, Inc. |  |
| $885000 | 2.63%, due 4/15/2026 | &nbsp;&nbsp; 868588 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** |
| $4505000 | 4.50%, due 4/15/2050 | &nbsp;&nbsp; $3654708 |
| 8955000 | 3.40%, due 10/15/2052 | &nbsp;&nbsp; 5940919 |
|  | Verizon Communications, Inc. |  |
| 180000 | 1.45%, due 3/20/2026 | &nbsp;&nbsp; 175755 |
| 100000 | 3.75%, due 2/28/2036 | &nbsp;&nbsp; 112163 |
| $2785000 | 5.50%, due 2/23/2054 | &nbsp;&nbsp; 2671513 |
| 187556 | VF Ukraine PAT via VFU Funding PLC, 9.63%, due 2/11/2027 | &nbsp;&nbsp; 181028<br> <sup>(i)</sup><br>|
| 1940000 | Vmed O2 U.K. Financing I PLC, 5.63%, due 4/15/2032 | &nbsp;&nbsp; 2213538<br> <sup>(i)</sup><br>|
|  | Vodafone Group PLC |  |
| $9495000 | 4.88%, due 6/19/2049 | &nbsp;&nbsp; 7984761 |
| 3715000 | 5.75%, due 6/28/2054 | &nbsp;&nbsp; 3511563 |
| 767000 | 4.88%, due 10/3/2078 | &nbsp;&nbsp; 1018144<br> <sup>(i)(j)</sup><br>|
| 4300000 | 6.50%, due 8/30/2084 | &nbsp;&nbsp; 5263554<br> <sup>(i)(j)</sup><br>|
| $2170000 | Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031 | &nbsp;&nbsp; 2221470<br> <sup>(c)</sup><br>|
| 1370000 | Zayo Group Holdings, Inc., 4.00%, due 3/1/2027 | &nbsp;&nbsp; 1261758<br> <sup>(c)</sup><br>|
| 1309000 | Zegona Finance PLC, 6.75%, due 7/15/2029 | &nbsp;&nbsp; 1562764<br> <sup>(i)</sup><br>|
|  |  | &nbsp;&nbsp; **127606351** |
| **Transportation 0.1%** | **Transportation 0.1%** | **Transportation 0.1%** |
| 1263000 | Edge Finco PLC, 8.13%, due 8/15/2031 | &nbsp;&nbsp; 1705503<br> <sup>(i)</sup><br>|
| $462542 | MV24 Capital BV, 6.75%, due 6/1/2034 | &nbsp;&nbsp; 440863<br> <sup>(c)</sup><br>|
| 6220000 | XPO, Inc., 7.13%, due 2/1/2032 | &nbsp;&nbsp; 6371573<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **8517939** |
| **Trucking & Leasing 0.0%**<sup>‡</sup> | **Trucking & Leasing 0.0%**<sup>‡</sup> | **Trucking & Leasing 0.0%**<sup>‡</sup> |
| 1235000 | Fortress Transportation & Infrastructure Investors LLC, 7.00%, due 6/15/2032 | &nbsp;&nbsp; **1251429**<br> <sup>(c)</sup><br>|
| **Water 0.1%** | **Water 0.1%** | **Water 0.1%** |
| 1395000 | Holding d'Infrastructures des Metiers de l'Environnement, 4.88%, due 10/24/2029 | &nbsp;&nbsp; 1610612<br> <sup>(i)</sup><br>|
|  | Veolia Environnement SA |  |
| 1300000 | 2.25%, due 1/20/2026 | &nbsp;&nbsp; 1455033<br> <sup>(i)(j)(k)</sup><br>|
| 3000000 | 5.99%, due 11/22/2028 | &nbsp;&nbsp; 3601606<br> <sup>(i)(j)(k)</sup><br>|
|  |  | &nbsp;&nbsp; **6667251** |
| **Total Corporate Bonds (Cost $2,114,686,211)** | **Total Corporate Bonds (Cost $2,114,686,211)** | &nbsp;&nbsp; **2105855394** |
| **Loan Assignments**<sup>(f)</sup> **0.4%** | **Loan Assignments**<sup>(f)</sup> **0.4%** | **Loan Assignments**<sup>(f)</sup> **0.4%** |
| **Capital Markets 0.1%** | **Capital Markets 0.1%** | **Capital Markets 0.1%** |
| $3990000 | &nbsp;&nbsp; Guggenheim Partners LLC, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.80%, due <br> 11/26/2031<br>| &nbsp;&nbsp; **3985012** |
| **Diversified Telecommunication Services 0.1%** | **Diversified Telecommunication Services 0.1%** | **Diversified Telecommunication Services 0.1%** |
| 5994916 | &nbsp;&nbsp; CommScope, Inc., Term Loan, (1 mo. USD Term SOFR + 5.25%), 9.57%, due <br> 12/17/2029<br>| &nbsp;&nbsp; **5876876** |
| **Machinery 0.1%** | **Machinery 0.1%** | **Machinery 0.1%** |
| 6473734 | &nbsp;&nbsp; EMRLD Borrower LP, Term Loan B, (3 mo. USD Term SOFR + 2.50%), 6.80%, due <br> 8/4/2031<br>| &nbsp;&nbsp; **6388799** |
| **Media 0.1%** | **Media 0.1%** | **Media 0.1%** |
| 4788000 | &nbsp;&nbsp; Charter Communications Operating LLC, Term Loan B5, (3 mo. USD Term SOFR + <br> 2.25%), 6.55%, due 12/15/2031<br>| &nbsp;&nbsp; 4768848 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Media – cont'd** | **Media – cont'd** | **Media – cont'd** |
| $3990000 | &nbsp;&nbsp; UFC Holdings LLC, Term Loan B, (3 mo. USD Term SOFR + 2.25%), 6.58%, due <br> 11/21/2031<br>| &nbsp;&nbsp; $3984175 |
|  |  | &nbsp;&nbsp; **8753023** |
| **Total Loan Assignments (Cost $25,257,502)** | **Total Loan Assignments (Cost $25,257,502)** | &nbsp;&nbsp; **25003710** |
| **Foreign Government Securities 3.6%** | **Foreign Government Securities 3.6%** | **Foreign Government Securities 3.6%** |
| 224000 | Abu Dhabi Government International Bonds, 4.88%, due 4/30/2029 | &nbsp;&nbsp; 230104<br> <sup>(i)</sup><br>|
|  | Angolan Government International Bonds |  |
| 200000 | 9.50%, due 11/12/2025 | &nbsp;&nbsp; 195506<br> <sup>(i)</sup><br>|
| 2105000 | 8.00%, due 11/26/2029 | &nbsp;&nbsp; 1677601<br> <sup>(c)</sup><br>|
| 760000 | 8.75%, due 4/14/2032 | &nbsp;&nbsp; 596144<br> <sup>(c)</sup><br>|
| 4560000 | 9.38%, due 5/8/2048 | &nbsp;&nbsp; 3195830<br> <sup>(c)</sup><br>|
| 3795000 | 9.13%, due 11/26/2049 | &nbsp;&nbsp; 2587355<br> <sup>(c)</sup><br>|
|  | Argentine Republic Government International Bonds |  |
| 428384 | 1.00%, due 7/9/2029 | &nbsp;&nbsp; 344421 |
| 3226027 | 0.75%, due 7/9/2030 | &nbsp;&nbsp; 2467911<br> <sup>(m)</sup><br>|
| 2400000 | 4.13%, due 7/9/2035 | &nbsp;&nbsp; 1600521<br> <sup>(m)</sup><br>|
|  | Autonomous Community of Catalonia |  |
| 4000000 | 5.48%, due 5/11/2029 | &nbsp;&nbsp; 4963879 |
| 8000000 | 6.16%, due 2/15/2033 | &nbsp;&nbsp; 10196561<br> <sup>(i)</sup><br>|
|  | Autonomous Community of Madrid |  |
| 4000000 | 3.60%, due 4/30/2033 | &nbsp;&nbsp; 4728600<br> <sup>(i)</sup><br>|
| 90000 | 3.46%, due 4/30/2034 | &nbsp;&nbsp; 104852<br> <sup>(i)</sup><br>|
| $200000 | Bahamas Government International Bonds, 6.00%, due 11/21/2028 | &nbsp;&nbsp; 189566<br> <sup>(i)</sup><br>|
| 200000 | Baiterek National Managing Holding JSC, 5.45%, due 5/8/2028 | &nbsp;&nbsp; 199127<br> <sup>(c)(g)</sup><br>|
|  | Bank Gospodarstwa Krajowego |  |
| 150000 | 5.13%, due 2/22/2033 | &nbsp;&nbsp; 186470<br> <sup>(i)</sup><br>|
| 200000 | 4.25%, due 3/18/2037 | &nbsp;&nbsp; 227887<br> <sup>(i)</sup><br>|
| 123000 | 4.38%, due 3/13/2039 | &nbsp;&nbsp; 140237<br> <sup>(i)</sup><br>|
| $500000 | Bermuda Government International Bonds, 3.72%, due 1/25/2027 | &nbsp;&nbsp; 489255<br> <sup>(i)</sup><br>|
|  | Brazil Government International Bonds |  |
| 2000000 | 6.13%, due 1/22/2032 | &nbsp;&nbsp; 2031560 |
| 1250000 | 6.00%, due 10/20/2033 | &nbsp;&nbsp; 1231181 |
| 800000 | 7.13%, due 5/13/2054 | &nbsp;&nbsp; 757816 |
|  | Brazil Notas do Tesouro Nacional |  |
| 9105000 | 10.00%, due 1/1/2029 | &nbsp;&nbsp; 1450519 |
| 6760000 | 10.00%, due 1/1/2031 | &nbsp;&nbsp; 1020207 |
| 2000000 | 10.00%, due 1/1/2033 | &nbsp;&nbsp; 291670 |
| 59020000 | 10.00%, due 1/1/2035 | &nbsp;&nbsp; 8323995 |
|  | Bulgaria Government International Bonds |  |
| 60000 | 3.63%, due 9/5/2032 | &nbsp;&nbsp; 69605<br> <sup>(i)</sup><br>|
| 90000 | 3.50%, due 5/7/2034 | &nbsp;&nbsp; 101322<br> <sup>(g)(i)</sup><br>|
| 113000 | 4.88%, due 5/13/2036 | &nbsp;&nbsp; 139104<br> <sup>(i)</sup><br>|
|  | Bundesrepublik Deutschland Bundesanleihe |  |
| 761218 | 0.00%, due 8/15/2031 | &nbsp;&nbsp; 757489<br> <sup>(i)</sup><br>|
| 295000 | 0.00%, due 2/15/2032 | &nbsp;&nbsp; 289090<br> <sup>(i)</sup><br>|
| 85000 | 4.75%, due 7/4/2034 | &nbsp;&nbsp; 115070<br> <sup>(i)</sup><br>|
| 136900 | 2.50%, due 8/15/2046 | &nbsp;&nbsp; 146949<br> <sup>(i)</sup><br>|
| 300000 | Cassa Depositi e Prestiti SpA, 2.00%, due 4/20/2027 | &nbsp;&nbsp; 338905<br> <sup>(i)</sup><br>|
| $4870000 | Chile Government International Bonds, 5.65%, due 1/13/2037 | &nbsp;&nbsp; 4979143 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** |
|  | Colombia Government International Bonds |  |
| 100000 | 3.88%, due 3/22/2026 | &nbsp;&nbsp; $113605 |
| $440000 | 4.50%, due 3/15/2029 | &nbsp;&nbsp; 412980 |
| 930000 | 3.00%, due 1/30/2030 | &nbsp;&nbsp; 785065 |
| 290000 | 7.38%, due 4/25/2030 | &nbsp;&nbsp; 294104 |
| 1500000 | 3.25%, due 4/22/2032 | &nbsp;&nbsp; 1155680 |
| 400000 | 7.50%, due 2/2/2034 | &nbsp;&nbsp; 389385 |
| 1510000 | 8.00%, due 11/14/2035 | &nbsp;&nbsp; 1480647 |
| 760000 | 8.38%, due 11/7/2054 | &nbsp;&nbsp; 695115 |
|  | Colombian TES |  |
| 10451500000 | 7.00%, due 6/30/2032 | &nbsp;&nbsp; 1920296 |
| 1270000000 | 13.25%, due 2/9/2033 | &nbsp;&nbsp; 320625 |
| 12964500000 | 7.25%, due 10/18/2034 | &nbsp;&nbsp; 2246330 |
| $1625000 | Costa Rica Government International Bonds, 7.16%, due 3/12/2045 | &nbsp;&nbsp; 1655122<br> <sup>(i)</sup><br>|
| 100000 | Croatia Government International Bonds, 3.25%, due 2/11/2037 | &nbsp;&nbsp; 111306<br> <sup>(i)</sup><br>|
| 120000 | Denmark Government International Bonds, 2.25%, due 10/2/2026 | &nbsp;&nbsp; 136631<br> <sup>(i)</sup><br>|
|  | Dominican Republic International Bonds |  |
| $233333 | 8.63%, due 4/20/2027 | &nbsp;&nbsp; 241243<br> <sup>(i)</sup><br>|
| 1395000 | 7.05%, due 2/3/2031 | &nbsp;&nbsp; 1435664<br> <sup>(c)</sup><br>|
| 3190000 | 6.95%, due 3/15/2037 | &nbsp;&nbsp; 3167032<br> <sup>(c)</sup><br>|
| 2420000 | 6.85%, due 1/27/2045 | &nbsp;&nbsp; 2322474<br> <sup>(c)</sup><br>|
| 2155000 | 7.15%, due 2/24/2055 | &nbsp;&nbsp; 2107805<br> <sup>(c)</sup><br>|
|  | Ecuador Government International Bonds |  |
| 753147 | 6.90%, due 7/31/2030 | &nbsp;&nbsp; 562864<br> <sup>(c)</sup><br>|
| 1090328 | 5.50%, due 7/31/2035 | &nbsp;&nbsp; 653884<br> <sup>(c)(m)</sup><br>|
|  | Egypt Government International Bonds |  |
| 100000 | 4.75%, due 4/16/2026 | &nbsp;&nbsp; 112587<br> <sup>(i)</sup><br>|
| $300000 | 7.60%, due 3/1/2029 | &nbsp;&nbsp; 282000<br> <sup>(i)</sup><br>|
| 320000 | 8.63%, due 2/4/2030 | &nbsp;&nbsp; 305642<br> <sup>(i)</sup><br>|
| 3765000 | 8.50%, due 1/31/2047 | &nbsp;&nbsp; 2731583<br> <sup>(c)</sup><br>|
| 1255000 | 8.88%, due 5/29/2050 | &nbsp;&nbsp; 937485<br> <sup>(c)</sup><br>|
|  | El Salvador Government International Bonds |  |
| 251000 | 8.63%, due 2/28/2029 | &nbsp;&nbsp; 254700<br> <sup>(i)</sup><br>|
| 160000 | 0.25%, due 4/17/2030 | &nbsp;&nbsp; 3257<br> <sup>(c)</sup><br>|
| 160000 | 9.25%, due 4/17/2030 | &nbsp;&nbsp; 164642<br> <sup>(c)</sup><br>|
| 345000 | 9.50%, due 7/15/2052 | &nbsp;&nbsp; 343692<br> <sup>(c)</sup><br>|
| 200000 | European Financial Stability Facility, 3.00%, due 7/10/2030 | &nbsp;&nbsp; 233234<br> <sup>(i)</sup><br>|
|  | European Union |  |
| 230000 | 2.00%, due 10/4/2027 | &nbsp;&nbsp; 260813<br> <sup>(i)</sup><br>|
| 350000 | 2.63%, due 7/4/2028 | &nbsp;&nbsp; 402895<br> <sup>(i)</sup><br>|
| 180000 | 2.50%, due 12/4/2031 | &nbsp;&nbsp; 202792<br> <sup>(i)</sup><br>|
| 60000 | 3.38%, due 10/4/2039 | &nbsp;&nbsp; 67651<br> <sup>(i)</sup><br>|
|  | French Republic Government Bonds OAT |  |
| 240000 | 2.70%, due 2/25/2031 | &nbsp;&nbsp; 273630<br> <sup>(i)</sup><br>|
| 447142 | 1.25%, due 5/25/2038 | &nbsp;&nbsp; 391683<br> <sup>(i)</sup><br>|
| 1724000 | 1.50%, due 5/25/2050 | &nbsp;&nbsp; 1239047<br> <sup>(i)</sup><br>|
| 66000 | 3.75%, due 5/25/2056 | &nbsp;&nbsp; 72546<br> <sup>(i)</sup><br>|
| 47300 | 1.75%, due 5/25/2066 | &nbsp;&nbsp; 30644<br> <sup>(i)</sup><br>|
| 164424 | French Republic Government Bonds OAT, Inflation-Linked, 0.60%, due 7/25/2034 | &nbsp;&nbsp; 177988<br> <sup>(b)(i)</sup><br>|
|  | Ghana Government International Bonds |  |
| $4800 | 0.00%, due 7/3/2026 | &nbsp;&nbsp; 4531<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** |
| $48400 | 5.00%, due 7/3/2029 | &nbsp;&nbsp; $41312<br> <sup>(c)(m)</sup><br>|
| 9297 | 0.00%, due 1/3/2030 | &nbsp;&nbsp; 7067<br> <sup>(c)</sup><br>|
| 69600 | 5.00%, due 7/3/2035 | &nbsp;&nbsp; 47328<br> <sup>(c)(m)</sup><br>|
| 200000 | Guatemala Government Bonds, 5.25%, due 8/10/2029 | &nbsp;&nbsp; 196747<br> <sup>(i)</sup><br>|
|  | Hellenic Republic Government Bonds |  |
| 150000 | 3.38%, due 6/15/2034 | &nbsp;&nbsp; 172541<br> <sup>(i)</sup><br>|
| 346000 | 4.38%, due 7/18/2038 | &nbsp;&nbsp; 421548<br> <sup>(i)</sup><br>|
|  | Hungary Government Bonds |  |
| 1740320000 | 3.25%, due 10/22/2031 | &nbsp;&nbsp; 4054459 |
| 905720000 | 2.25%, due 6/22/2034 | &nbsp;&nbsp; 1772188 |
|  | Hungary Government International Bonds |  |
| 75000 | 5.38%, due 9/12/2033 | &nbsp;&nbsp; 88634<br> <sup>(i)</sup><br>|
| $1910000 | 5.50%, due 3/26/2036 | &nbsp;&nbsp; 1804549<br> <sup>(c)</sup><br>|
| 85000 | 4.88%, due 3/22/2040 | &nbsp;&nbsp; 91311<br> <sup>(i)</sup><br>|
| $4000000 | Indonesia Government International Bonds, 4.63%, due 4/15/2043 | &nbsp;&nbsp; 3527436<br> <sup>(c)</sup><br>|
|  | Indonesia Treasury Bonds |  |
| 26460000000 | 7.00%, due 9/15/2030 | &nbsp;&nbsp; 1621259 |
| 23174000000 | 7.00%, due 2/15/2033 | &nbsp;&nbsp; 1407033 |
| 72989000000 | 6.63%, due 2/15/2034 | &nbsp;&nbsp; 4335984 |
| 7638000000 | 6.75%, due 7/15/2035 | &nbsp;&nbsp; 455670 |
|  | Italy Buoni Poliennali Del Tesoro |  |
| 224000 | 1.85%, due 7/1/2025 | &nbsp;&nbsp; 253651<br> <sup>(i)</sup><br>|
| 337000 | 3.45%, due 7/15/2027 | &nbsp;&nbsp; 393736<br> <sup>(i)</sup><br>|
| 90000 | 0.95%, due 9/15/2027 | &nbsp;&nbsp; 99645<br> <sup>(i)</sup><br>|
| 130000 | 2.70%, due 10/15/2027 | &nbsp;&nbsp; 149592<br> <sup>(i)</sup><br>|
| 211000 | 3.85%, due 2/1/2035 | &nbsp;&nbsp; 246652<br> <sup>(i)</sup><br>|
| 91000 | 3.65%, due 8/1/2035 | &nbsp;&nbsp; 104136<br> <sup>(i)</sup><br>|
| 209000 | 1.45%, due 3/1/2036 | &nbsp;&nbsp; 191933<br> <sup>(i)</sup><br>|
| 109000 | 4.05%, due 10/30/2037 | &nbsp;&nbsp; 127607<br> <sup>(i)</sup><br>|
| 340000 | 4.15%, due 10/1/2039 | &nbsp;&nbsp; 395372<br> <sup>(i)</sup><br>|
| 681000 | 3.85%, due 10/1/2040 | &nbsp;&nbsp; 758382<br> <sup>(i)</sup><br>|
|  | Italy Buoni Poliennali Del Tesoro, Inflation-Linked |  |
| 76379 | 2.00%, due 3/14/2028 | &nbsp;&nbsp; 88069<br> <sup>(b)(i)</sup><br>|
| 90797 | 1.60%, due 11/22/2028 | &nbsp;&nbsp; 103582<br> <sup>(b)(i)</sup><br>|
| 115333 | 1.50%, due 5/15/2029 | &nbsp;&nbsp; 134040<br> <sup>(b)(i)</sup><br>|
| 62252 | 2.55%, due 5/15/2056 | &nbsp;&nbsp; 71105<br> <sup>(b)(i)</sup><br>|
|  | Ivory Coast Government International Bonds |  |
| 800000 | 5.25%, due 3/22/2030 | &nbsp;&nbsp; 847595<br> <sup>(i)</sup><br>|
| 100000 | 5.88%, due 10/17/2031 | &nbsp;&nbsp; 103272<br> <sup>(i)</sup><br>|
| $85850 | 5.75%, due 12/31/2032 | &nbsp;&nbsp; 78879<br> <sup>(i)</sup><br>|
| 3715000 | 6.13%, due 6/15/2033 | &nbsp;&nbsp; 3202850<br> <sup>(c)</sup><br>|
| 1335000 | 8.08%, due 4/1/2036 | &nbsp;&nbsp; 1234002<br> <sup>(c)</sup><br>|
| 1325000 | 8.25%, due 1/30/2037 | &nbsp;&nbsp; 1216639<br> <sup>(c)</sup><br>|
|  | Kingdom of Belgium Government Bonds |  |
| 58200 | 3.10%, due 6/22/2035 | &nbsp;&nbsp; 66340<br> <sup>(i)</sup><br>|
| 172097 | 1.45%, due 6/22/2037 | &nbsp;&nbsp; 160554<br> <sup>(i)</sup><br>|
| 50000 | 3.45%, due 6/22/2042 | &nbsp;&nbsp; 56031<br> <sup>(i)</sup><br>|
| 66300 | 1.70%, due 6/22/2050 | &nbsp;&nbsp; 50517<br> <sup>(i)</sup><br>|
| 300000 | Kingdom of Morocco, 3.88%, due 4/2/2029 | &nbsp;&nbsp; 340133<br> <sup>(i)</sup><br>|
| 112000 | Kommunekredit, 0.88%, due 11/3/2036 | &nbsp;&nbsp; 101031<br> <sup>(i)</sup><br>|
| $200000 | Korea Electric Power Corp., 5.38%, due 7/31/2026 | &nbsp;&nbsp; 202555<br> <sup>(c)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** |
| $400000 | Korea Housing Finance Corp., 4.63%, due 2/24/2028 | &nbsp;&nbsp; $403961<br> <sup>(c)</sup><br>|
| 200000 | Korea Hydro & Nuclear Power Co. Ltd., 5.00%, due 7/18/2028 | &nbsp;&nbsp; 203363<br> <sup>(c)</sup><br>|
| 137000 | Lithuania Government International Bonds, 3.50%, due 2/13/2034 | &nbsp;&nbsp; 156811<br> <sup>(i)</sup><br>|
|  | Mexico Bonos |  |
| 56380000 | 7.75%, due 5/29/2031 | &nbsp;&nbsp; 2714250 |
| 54600000 | 7.75%, due 11/23/2034 | &nbsp;&nbsp; 2510534 |
|  | Mexico Government International Bonds |  |
| $1750000 | 6.00%, due 5/7/2036 | &nbsp;&nbsp; 1666819 |
| 4390000 | 6.88%, due 5/13/2037 | &nbsp;&nbsp; 4432500 |
| 4130000 | 4.40%, due 2/12/2052 | &nbsp;&nbsp; 2774815 |
| 2270000 | 6.34%, due 5/4/2053 | &nbsp;&nbsp; 1991535 |
| 1160000 | 6.40%, due 5/7/2054 | &nbsp;&nbsp; 1025983 |
| 8000000 | 7.38%, due 5/13/2055 | &nbsp;&nbsp; 7919040 |
| 200000 | MFB Magyar Fejlesztesi Bank Zrt, 6.50%, due 6/29/2028 | &nbsp;&nbsp; 205839<br> <sup>(i)</sup><br>|
| 200000 | Mongolia Government International Bonds, 8.65%, due 1/19/2028 | &nbsp;&nbsp; 206679<br> <sup>(i)</sup><br>|
|  | Netherlands Government Bonds |  |
| 263397 | 0.00%, due 7/15/2030 | &nbsp;&nbsp; 267005<br> <sup>(i)</sup><br>|
| 255658 | 0.00%, due 7/15/2031 | &nbsp;&nbsp; 251651<br> <sup>(i)</sup><br>|
| 350633 | 4.00%, due 1/15/2037 | &nbsp;&nbsp; 444870<br> <sup>(i)</sup><br>|
| $200000 | Nigeria Government International Bonds, 8.38%, due 3/24/2029 | &nbsp;&nbsp; 189428<br> <sup>(i)</sup><br>|
|  | Oman Government International Bonds |  |
| 935000 | 6.50%, due 3/8/2047 | &nbsp;&nbsp; 927666<br> <sup>(c)</sup><br>|
| 1745000 | 7.00%, due 1/25/2051 | &nbsp;&nbsp; 1815261<br> <sup>(c)</sup><br>|
|  | Panama Government International Bonds |  |
| 100000 | 8.88%, due 9/30/2027 | &nbsp;&nbsp; 108008 |
| 160000 | 9.38%, due 4/1/2029 | &nbsp;&nbsp; 178013 |
| 780000 | 7.50%, due 3/1/2031 | &nbsp;&nbsp; 809312 |
| 1675000 | 2.25%, due 9/29/2032 | &nbsp;&nbsp; 1222669 |
| 3030000 | 6.40%, due 2/14/2035 | &nbsp;&nbsp; 2857229 |
| 2270000 | 4.30%, due 4/29/2053 | &nbsp;&nbsp; 1381602 |
| 1655000 | Paraguay Government International Bonds, 5.40%, due 3/30/2050 | &nbsp;&nbsp; 1404681<br> <sup>(c)</sup><br>|
|  | Peru Government Bonds |  |
| 21364000 | 6.15%, due 8/12/2032 | &nbsp;&nbsp; 5940294 |
| 717000 | 5.40%, due 8/12/2034 | &nbsp;&nbsp; 180135 |
| 7986000 | Peruvian Government International Bonds, 6.90%, due 8/12/2037 | &nbsp;&nbsp; 2151767<br> <sup>(i)</sup><br>|
|  | Portugal Obrigacoes do Tesouro OT |  |
| 82000 | 1.95%, due 6/15/2029 | &nbsp;&nbsp; 92567<br> <sup>(i)</sup><br>|
| 143000 | 1.65%, due 7/16/2032 | &nbsp;&nbsp; 152354<br> <sup>(i)</sup><br>|
| $67861 | Provincia de Cordoba, 6.88%, due 12/10/2025 | &nbsp;&nbsp; 66503<br> <sup>(i)</sup><br>|
| 1270000 | Qatar Government International Bonds, 4.40%, due 4/16/2050 | &nbsp;&nbsp; 1076401<br> <sup>(c)</sup><br>|
| 353000 | Republic of Austria Government Bonds, 0.90%, due 2/20/2032 | &nbsp;&nbsp; 358852<br> <sup>(i)</sup><br>|
|  | Republic of Poland Government Bonds |  |
| 1541000 | 7.50%, due 7/25/2028 | &nbsp;&nbsp; 444894 |
| 4548000 | 4.75%, due 7/25/2029 | &nbsp;&nbsp; 1209944 |
| 14657000 | 6.00%, due 10/25/2033 | &nbsp;&nbsp; 4112226 |
| 3140000 | 5.00%, due 10/25/2034 | &nbsp;&nbsp; 818503 |
|  | Republic of Poland Government International Bonds |  |
| $95000 | 4.63%, due 3/18/2029 | &nbsp;&nbsp; 96041 |
| 159000 | 3.00%, due 1/16/2030 | &nbsp;&nbsp; 182632<br> <sup>(i)</sup><br>|
| 55000 | 3.63%, due 1/16/2035 | &nbsp;&nbsp; 63214<br> <sup>(i)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** |
|  | Republic of South Africa Government Bonds |  |
| 24241794 | 8.00%, due 1/31/2030 | &nbsp;&nbsp; $1264060 |
| 33980035 | 8.25%, due 3/31/2032 | &nbsp;&nbsp; 1697263 |
| 22971347 | 8.88%, due 2/28/2035 | &nbsp;&nbsp; 1109361 |
| 9479631 | 8.50%, due 1/31/2037 | &nbsp;&nbsp; 423060 |
|  | Republic of South Africa Government International Bonds |  |
| $1140000 | 7.10%, due 11/19/2036 | &nbsp;&nbsp; 1086607<br> <sup>(c)</sup><br>|
| 1680000 | 5.65%, due 9/27/2047 | &nbsp;&nbsp; 1206912 |
| 880000 | 5.75%, due 9/30/2049 | &nbsp;&nbsp; 630331 |
| 4170000 | 7.95%, due 11/19/2054 | &nbsp;&nbsp; 3809833<br> <sup>(c)</sup><br>|
|  | Romania Government Bonds |  |
| 13250000 | 4.85%, due 7/25/2029 | &nbsp;&nbsp; 2730255 |
| 18715000 | 8.25%, due 9/29/2032 | &nbsp;&nbsp; 4412763 |
| 3480000 | 7.10%, due 7/31/2034 | &nbsp;&nbsp; 770185 |
| 395000 | 4.75%, due 10/11/2034 | &nbsp;&nbsp; 73145 |
|  | Romania Government International Bonds |  |
| $234000 | 3.00%, due 2/27/2027 | &nbsp;&nbsp; 223796<br> <sup>(i)</sup><br>|
| 166000 | 2.88%, due 5/26/2028 | &nbsp;&nbsp; 182260<br> <sup>(i)</sup><br>|
| $390000 | 5.88%, due 1/30/2029 | &nbsp;&nbsp; 386169<br> <sup>(i)</sup><br>|
| 117000 | 6.63%, due 9/27/2029 | &nbsp;&nbsp; 141334<br> <sup>(i)</sup><br>|
| 84000 | 5.25%, due 3/10/2030 | &nbsp;&nbsp; 95637<br> <sup>(i)</sup><br>|
| $3210000 | 3.00%, due 2/14/2031 | &nbsp;&nbsp; 2668718<br> <sup>(i)</sup><br>|
| 1280000 | 3.63%, due 3/27/2032 | &nbsp;&nbsp; 1062051<br> <sup>(c)</sup><br>|
| 88000 | 6.38%, due 9/18/2033 | &nbsp;&nbsp; 100255<br> <sup>(i)</sup><br>|
| 164000 | 6.75%, due 7/11/2039 | &nbsp;&nbsp; 181623<br> <sup>(i)</sup><br>|
|  | Saudi Government International Bonds |  |
| $2285000 | 5.63%, due 1/13/2035 | &nbsp;&nbsp; 2364509<br> <sup>(c)</sup><br>|
| 3995000 | 3.25%, due 11/17/2051 | &nbsp;&nbsp; 2497990<br> <sup>(c)</sup><br>|
| 1095000 | 3.75%, due 1/21/2055 | &nbsp;&nbsp; 738915<br> <sup>(c)</sup><br>|
| 140000 | Senegal Government International Bonds, 4.75%, due 3/13/2028 | &nbsp;&nbsp; 133626<br> <sup>(i)</sup><br>|
|  | Serbia International Bonds |  |
| $220000 | 2.13%, due 12/1/2030 | &nbsp;&nbsp; 183501<br> <sup>(i)</sup><br>|
| 1150000 | 6.00%, due 6/12/2034 | &nbsp;&nbsp; 1135555<br> <sup>(c)</sup><br>|
| 180000 | Slovenia Government Bonds, 3.00%, due 3/10/2034 | &nbsp;&nbsp; 204173<br> <sup>(i)</sup><br>|
|  | Spain Government Bonds |  |
| 910000 | 1.45%, due 10/31/2027 | &nbsp;&nbsp; 1018983<br> <sup>(i)</sup><br>|
| 130000 | 3.15%, due 4/30/2033 | &nbsp;&nbsp; 150404<br> <sup>(i)</sup><br>|
| 157000 | 3.55%, due 10/31/2033 | &nbsp;&nbsp; 186097<br> <sup>(i)</sup><br>|
| 270000 | 3.25%, due 4/30/2034 | &nbsp;&nbsp; 311817<br> <sup>(i)</sup><br>|
| 66000 | 0.85%, due 7/30/2037 | &nbsp;&nbsp; 56046<br> <sup>(i)</sup><br>|
| 213000 | 0.85%, due 7/30/2037 | &nbsp;&nbsp; 180875<br> <sup>(i)</sup><br>|
| 86000 | 3.50%, due 1/31/2041 | &nbsp;&nbsp; 95983<br> <sup>(i)</sup><br>|
| 29000 | 1.00%, due 7/30/2042 | &nbsp;&nbsp; 21858<br> <sup>(i)</sup><br>|
| 211000 | 4.00%, due 10/31/2054 | &nbsp;&nbsp; 241294<br> <sup>(i)</sup><br>|
|  | Sri Lanka Government International Bonds |  |
| $45760 | 4.00%, due 4/15/2028 | &nbsp;&nbsp; 41930<br> <sup>(c)</sup><br>|
| 52002 | 3.10%, due 1/15/2030 | &nbsp;&nbsp; 42368<br> <sup>(c)(m)</sup><br>|
| 102001 | 3.35%, due 3/15/2033 | &nbsp;&nbsp; 70636<br> <sup>(c)(m)</sup><br>|
| 68874 | 3.60%, due 6/15/2035 | &nbsp;&nbsp; 44382<br> <sup>(c)(m)</sup><br>|
| 47800 | 3.60%, due 5/15/2036 | &nbsp;&nbsp; 33221<br> <sup>(c)(m)</sup><br>|
| 95641 | 3.60%, due 2/15/2038 | &nbsp;&nbsp; 66949<br> <sup>(c)(m)</sup><br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** |
| EUR | 224000 | State of North Rhine-Westphalia, 0.13%, due 6/4/2031 | &nbsp;&nbsp; $219943<br> <sup>(i)</sup><br>|
|  |  | Turkiye Government International Bonds |  |
| $| 200000 | 9.38%, due 3/14/2029 | &nbsp;&nbsp; 215610 |
|  | 1540000 | 7.13%, due 2/12/2032 | &nbsp;&nbsp; 1501611 |
|  | 2860000 | 5.75%, due 5/11/2047 | &nbsp;&nbsp; 2066424 |
|  | 200000 | Turkiye Ihracat Kredi Bankasi AS, 9.00%, due 1/28/2027 | &nbsp;&nbsp; 207500<br> <sup>(c)</sup><br>|
|  |  | Ukraine Government International Bonds |  |
|  | 39872 | 1.75%, due 2/1/2029 | &nbsp;&nbsp; 24888<br> <sup>(i)(m)</sup><br>|
|  | 104581 | 0.00%, due 2/1/2030 | &nbsp;&nbsp; 51188<br> <sup>(c)(m)</sup><br>|
|  | 5445 | 0.00%, due 2/1/2030 | &nbsp;&nbsp; 2717<br> <sup>(i)(m)</sup><br>|
|  | 390805 | 0.00%, due 2/1/2034 | &nbsp;&nbsp; 150362<br> <sup>(c)(m)</sup><br>|
|  | 20347 | 0.00%, due 2/1/2034 | &nbsp;&nbsp; 7848<br> <sup>(i)(m)</sup><br>|
|  | 287180 | 1.75%, due 2/1/2034 | &nbsp;&nbsp; 143145<br> <sup>(c)(m)</sup><br>|
|  | 34888 | 1.75%, due 2/1/2034 | &nbsp;&nbsp; 17601<br> <sup>(i)(m)</sup><br>|
|  | 330258 | 0.00%, due 2/1/2035 | &nbsp;&nbsp; 166149<br> <sup>(c)(m)</sup><br>|
|  | 17194 | 0.00%, due 2/1/2035 | &nbsp;&nbsp; 8650<br> <sup>(i)(m)</sup><br>|
|  | 670088 | 1.75%, due 2/1/2035 | &nbsp;&nbsp; 329576<br> <sup>(c)(m)</sup><br>|
|  | 24920 | 1.75%, due 2/1/2035 | &nbsp;&nbsp; 12428<br> <sup>(i)(m)</sup><br>|
|  | 275215 | 0.00%, due 2/1/2036 | &nbsp;&nbsp; 137726<br> <sup>(c)(m)</sup><br>|
|  | 14329 | 0.00%, due 2/1/2036 | &nbsp;&nbsp; 7367<br> <sup>(i)(m)</sup><br>|
|  | 957269 | 1.75%, due 2/1/2036 | &nbsp;&nbsp; 461580<br> <sup>(c)(m)</sup><br>|
| GBP | 137657 | United Kingdom Gilt, 4.00%, due 10/22/2063 | &nbsp;&nbsp; 148856<br> <sup>(i)</sup><br>|
| $| 3500000 | Uruguay Government International Bonds, 5.10%, due 6/18/2050 | &nbsp;&nbsp; 3206875 |
|  | 1295300 | Venezuela Government International Bonds, 8.25%, due 10/13/2024 | &nbsp;&nbsp; 184580<br> <sup>(i)(o)</sup><br>|
| EUR | 6000000 | Xunta de Galicia, 3.30%, due 4/30/2031 | &nbsp;&nbsp; 7004193<br> <sup>(i)</sup><br>|
| $| 79941 | Zambia Government International Bonds, 5.75%, due 6/30/2033 | &nbsp;&nbsp; 69445<br> <sup>(i)(m)</sup><br>|
| **Total Foreign Government Securities (Cost $237,169,276)** | **Total Foreign Government Securities (Cost $237,169,276)** | **Total Foreign Government Securities (Cost $237,169,276)** | &nbsp;&nbsp; **223328160** |
| **Municipal Notes 0.5%** | **Municipal Notes 0.5%** | **Municipal Notes 0.5%** | **Municipal Notes 0.5%** |
| **California 0.2%** | **California 0.2%** | **California 0.2%** | **California 0.2%** |
|  | 1370000 | &nbsp;&nbsp; Bay Area Toll Authority Toll Bridge Revenue (Build America Bonds), Series 2010-S1, <br> 7.04%, due 4/1/2050<br>| &nbsp;&nbsp; 1585340 |
|  | 1370000 | &nbsp;&nbsp; California State General Obligation (Build America Bonds), Series 2010, 7.63%, due <br> 3/1/2040<br>| &nbsp;&nbsp; 1643436 |
|  | 2055000 | California State University Revenue Refunding, Series 2020-B, 2.98%, due 11/1/2051 | &nbsp;&nbsp; 1335985 |
|  | 2120000 | &nbsp;&nbsp; Foothill-Eastern Transportation Corridor Agency Toll Road Revenue Refunding, <br> Series 2019-A, (AGM), 3.92%, due 1/15/2053<br>| &nbsp;&nbsp; 1657115 |
|  | 1105000 | &nbsp;&nbsp; Los Angeles Community College District General Obligation (Build America Bonds), <br> Series 2010, 6.75%, due 8/1/2049<br>| &nbsp;&nbsp; 1229814 |
|  | 1710000 | &nbsp;&nbsp; University of California Regents Medical Center Pooled Revenue, Series 2020-N, 3.01%, <br> due 5/15/2050<br>| &nbsp;&nbsp; 1100628 |
|  |  |  | &nbsp;&nbsp; **8552318** |
| **Massachusetts 0.0%**<sup>‡</sup> | **Massachusetts 0.0%**<sup>‡</sup> | **Massachusetts 0.0%**<sup>‡</sup> | **Massachusetts 0.0%**<sup>‡</sup> |
|  | 1060000 | &nbsp;&nbsp; Massachusetts State Education Financing Authority Revenue Refunding, Series 2018-A, <br> 4.08%, due 7/1/2027<br>| &nbsp;&nbsp; **1054678** |
| **Michigan 0.0%**<sup>‡</sup> | **Michigan 0.0%**<sup>‡</sup> | **Michigan 0.0%**<sup>‡</sup> | **Michigan 0.0%**<sup>‡</sup> |
|  | 1770000 | &nbsp;&nbsp; Michigan Finance Authority Hospital Revenue Refunding (Trinity Health Credit Group), <br> Series 2019-T, 3.38%, due 12/1/2040<br>| &nbsp;&nbsp; **1452999** |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Principal Amount<sup>(a)</sup> | Principal Amount<sup>(a)</sup> | Value |
| **Nevada 0.0%**<sup>‡</sup> | **Nevada 0.0%**<sup>‡</sup> | **Nevada 0.0%**<sup>‡</sup> |
| $2055000 | &nbsp;&nbsp; Clark County Nevada General Obligation (Las Vegas Convention & Visitors Authority), <br> Series 2019-D, 3.23%, due 7/1/2044<br>| &nbsp;&nbsp; **$1539372** |
| **New Jersey 0.0%**<sup>‡</sup> | **New Jersey 0.0%**<sup>‡</sup> | **New Jersey 0.0%**<sup>‡</sup> |
| 695000 | &nbsp;&nbsp; Atlantic City General Obligation Refunding, Series 2018-A, (ST AID WITHHLDG), 4.29%, <br> due 9/1/2026<br>| &nbsp;&nbsp; 696483 |
| 545000 | &nbsp;&nbsp; New Jersey State Housing & Mortgage Finance Agency Revenue Refunding (Single Family <br> Housing), Series 2018-BB, 3.80%, due 10/1/2032<br>| &nbsp;&nbsp; 520006 |
| 700000 | &nbsp;&nbsp; New Jersey Turnpike Authority Revenue (Build America Bonds), Series 2010-A, 7.10%, <br> due 1/1/2041<br>| &nbsp;&nbsp; 800268 |
|  |  | &nbsp;&nbsp; **2016757** |
| **New York 0.0%**<sup>‡</sup> | **New York 0.0%**<sup>‡</sup> | **New York 0.0%**<sup>‡</sup> |
| 2740000 | &nbsp;&nbsp; New York State Dormitory Authority Revenue Non State Supported Debt Refunding <br> (New York University), Series 2020-B, 2.69%, due 7/1/2040<br>| &nbsp;&nbsp; **2050112** |
| **Ohio 0.1%** | **Ohio 0.1%** | **Ohio 0.1%** |
| 2055000 | &nbsp;&nbsp; Highland Local School District General Obligation Refunding, Series 2020, 3.19%, due <br> 12/1/2049<br>| &nbsp;&nbsp; 1478730 |
| 2055000 | &nbsp;&nbsp; JobsOhio Beverage Systems Statewide Liquor Profits Revenue Refunding, Series 2020-A, <br> 2.83%, due 1/1/2038<br>| &nbsp;&nbsp; 1690305 |
| 2230000 | &nbsp;&nbsp; Ohio State Turnpike Commission Junior Lien Revenue Refunding (Infrastructure Project), <br> Series 2020-A, 3.22%, due 2/15/2048<br>| &nbsp;&nbsp; 1616923 |
| 2055000 | &nbsp;&nbsp; Ohio University General Receipt Athens Revenue Refunding, Series 2020, 2.91%, due <br> 12/1/2043<br>| &nbsp;&nbsp; 1482553 |
|  |  | &nbsp;&nbsp; **6268511** |
| **Pennsylvania 0.1%** | **Pennsylvania 0.1%** | **Pennsylvania 0.1%** |
| 2055000 | &nbsp;&nbsp; Commonwealth Financing Authority Revenue Refunding, Series 2020-C, 3.53%, due <br> 6/1/2042<br>| &nbsp;&nbsp; 1661514 |
| 750000 | &nbsp;&nbsp; Pennsylvania Turnpike Commission Revenue Refunding (Motor License Fund), <br> Series 2020, 3.25%, due 12/1/2043<br>| &nbsp;&nbsp; 574954 |
|  |  | &nbsp;&nbsp; **2236468** |
| **Texas 0.1%** | **Texas 0.1%** | **Texas 0.1%** |
| 2125000 | &nbsp;&nbsp; Central Texas Turnpike System First Tier Revenue Refunding, Series 2020-C, 3.03%, due <br> 8/15/2041<br>| &nbsp;&nbsp; 1588493 |
| 1710000 | &nbsp;&nbsp; Dallas Area Rapid Transit Sales Tax Revenue Refunding, Series 2020-C, 2.82%, due <br> 12/1/2042<br>| &nbsp;&nbsp; 1260645 |
| 2055000 | &nbsp;&nbsp; Grand Parkway Transportation Corp. System Subordinated Tier Toll Revenue Refunding, <br> Series 2020-B, 3.24%, due 10/1/2052<br>| &nbsp;&nbsp; 1406025 |
| 1410000 | &nbsp;&nbsp; Texas State Private Activity Bond Surface Transportation Corp. Senior Lien Revenue <br> Refunding (North Tarrant Express Managed Lanes Project), Series 2019-B, 3.92%, due <br> 12/31/2049<br>| &nbsp;&nbsp; 1105101 |
|  |  | &nbsp;&nbsp; **5360264** |
| **Utah 0.0%**<sup>‡</sup> | **Utah 0.0%**<sup>‡</sup> | **Utah 0.0%**<sup>‡</sup> |
| 2055000 | &nbsp;&nbsp; Utah State Transit Authority Sales Tax Revenue Refunding, Series 2020, 2.77%, due <br> 12/15/2038<br>| &nbsp;&nbsp; **1595953** |
| **Total Municipal Notes (Cost $42,505,908)** | **Total Municipal Notes (Cost $42,505,908)** | &nbsp;&nbsp; **32127432** |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| Number of Shares | Number of Shares | Value |
| **Closed-End Funds 0.0%**<sup>‡</sup> | **Closed-End Funds 0.0%**<sup>‡</sup> | **Closed-End Funds 0.0%**<sup>‡</sup> |
| **Investment Companies 0.0%**<sup>‡</sup> | **Investment Companies 0.0%**<sup>‡</sup> | **Investment Companies 0.0%**<sup>‡</sup> |
| 48204 | Neuberger Berman Global Monthly Income Fund Ltd. **(Cost $173,875)** | &nbsp;&nbsp; **$36939**<br> <sup>(p)(q)(r)</sup><br>|
| **Exchange-Traded Funds 3.4%** | **Exchange-Traded Funds 3.4%** | **Exchange-Traded Funds 3.4%** |
| 315229 | iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp; 11537381 |
| 554700 | iShares iBoxx $ Investment Grade Corporate Bond ETF | &nbsp;&nbsp; 59896506 |
| 207996 | iShares JP Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp; 18711320 |
| 631165 | Neuberger Berman Short Duration Income ETF | &nbsp;&nbsp; 32132610<br> <sup>(r)</sup><br>|
| 594088 | SPDR Blackstone Senior Loan ETF | &nbsp;&nbsp; 24226909 |
| 1408040 | SPDR Bloomberg Short Term High Yield Bond ETF | &nbsp;&nbsp; 35186920 |
| 1167725 | SPDR Portfolio High Yield Bond ETF | &nbsp;&nbsp; 27149606 |
| **Total Exchange-Traded Funds (Cost $211,779,159)** | **Total Exchange-Traded Funds (Cost $211,779,159)** | &nbsp;&nbsp; **208841252** |
| **Short-Term Investments 6.8%** | **Short-Term Investments 6.8%** | **Short-Term Investments 6.8%** |
| **Investment Companies 6.8%** | **Investment Companies 6.8%** | **Investment Companies 6.8%** |
| 418001281 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, <br> 4.29%<sup>(s)</sup> **(Cost $418,001,281)**<br>| &nbsp;&nbsp; **418001281** |
| **Total Investments 117.8% (Cost $7,281,419,145)** | **Total Investments 117.8% (Cost $7,281,419,145)** | &nbsp;&nbsp; **7214668749** |
| Liabilities Less Other Assets (17.8)% | Liabilities Less Other Assets (17.8)% | &nbsp;&nbsp; (1090442632)<sup>(t)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$6124226117** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Principal amount is stated in the currency in which the security is denominated.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Index-linked bond whose principal amount adjusts according to a government retail
 price index.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At April 30, 2025, these securities amounted to $2,340,857,212, which represents 38.2% of net assets of the
 Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable or floating rate security where the stated interest rate is not based on
 a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current
 interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current
 rate as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Interest only security. These securities represent the right to receive the monthly
 interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of
 the "interest only" holding.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Variable or floating rate security. The interest rate shown was the current rate as
 of April 30, 2025 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(g) When-issued security. Total value of all such securities at April 30, 2025 amounted
 to $15,519,609, which represents 0.3% of net assets of the Fund.

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(h) TBA (To Be Announced) Securities are purchased/sold on a forward commitment basis
 with an approximate principal amount and no defined maturity date. The actual principal amount and maturity
 date will be determined upon settlement when the specific mortgage pools are assigned. Total value
 of all such securities (excluding forward sales contracts, if any) at April 30, 2025 amounted to $1,173,808,872,
 which represents 19.2% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Security exempt from registration pursuant to Regulation S under the Securities Act
 of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States
 and do not involve directed selling efforts in the United States and as such may have restrictions on
 resale. Total value of all such securities at April 30, 2025 amounted to $415,180,639, which represents 6.8%
 of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(l) Payment-in-kind (PIK) security.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(n) All or a portion of this security was purchased on a delayed delivery basis.

&nbsp;&nbsp;&nbsp;&nbsp;(o) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Value determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(q) Security fair valued as of April 30, 2025 in accordance with procedures approved by
 the valuation designee. Total value of all such securities at April 30, 2025 amounted to $36,939, which represents
 0.0% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(r) Affiliated company as defined under the Investment Company Act of 1940, as amended
 (see Note F of Notes to Financial Statements).

&nbsp;&nbsp;&nbsp;&nbsp;(s) Represents 7-day effective yield as of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(t) Includes the impact of the Fund's open positions in derivatives at April 30, 2025.

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| **Percentage of** <br>**Net Assets**<br>|
| United States | &nbsp;&nbsp; $5741356153 | 93.8<br> %<br>|
| United Kingdom | &nbsp;&nbsp; 152280225 | 2.5<br> %<br>|
| Cayman Islands | &nbsp;&nbsp; 131781310 | 2.2<br> %<br>|
| France | &nbsp;&nbsp; 89507002 | 1.5<br> %<br>|
| Spain | &nbsp;&nbsp; 69504142 | 1.1<br> %<br>|
| Germany | &nbsp;&nbsp; 56437441 | 0.9<br> %<br>|
| Mexico | &nbsp;&nbsp; 51199675 | 0.8<br> %<br>|
| Netherlands | &nbsp;&nbsp; 43892166 | 0.7<br> %<br>|
| Brazil | &nbsp;&nbsp; 36254298 | 0.6<br> %<br>|
| Italy | &nbsp;&nbsp; 35670028 | 0.6<br> %<br>|
| Canada | &nbsp;&nbsp; 31974175 | 0.5<br> %<br>|
| Ireland | &nbsp;&nbsp; 28672140 | 0.5<br> %<br>|
| Sweden | &nbsp;&nbsp; 24346029 | 0.4<br> %<br>|
| Switzerland | &nbsp;&nbsp; 21279433 | 0.4<br> %<br>|
| Colombia | &nbsp;&nbsp; 20093677 | 0.3<br> %<br>|
| Australia | &nbsp;&nbsp; 16990708 | 0.3<br> %<br>|
| Indonesia | &nbsp;&nbsp; 13132864 | 0.2<br> %<br>|
| Chile | &nbsp;&nbsp; 13032299 | 0.2<br> %<br>|
| Romania | &nbsp;&nbsp; 13028191 | 0.2<br> %<br>|
| South Africa | &nbsp;&nbsp; 11710366 | 0.2<br> %<br>|
| Luxembourg | &nbsp;&nbsp; 11096238 | 0.2<br> %<br>|
| Dominican Republic | &nbsp;&nbsp; 9274218 | 0.2<br> %<br>|
| Poland | &nbsp;&nbsp; 9163610 | 0.2<br> %<br>|
| Czech Republic | &nbsp;&nbsp; 8956934 | 0.2<br> %<br>|
| Peru | &nbsp;&nbsp; 8825413 | 0.1<br> %<br>|
| Angola | &nbsp;&nbsp; 8445236 | 0.1<br> %<br>|
| Hungary | &nbsp;&nbsp; 8016980 | 0.1<br> %<br>|
| Belgium | &nbsp;&nbsp; 7360146 | 0.1<br> %<br>|
| Saudi Arabia | &nbsp;&nbsp; 7334005 | 0.1<br> %<br>|
| Cote D'Ivoire | &nbsp;&nbsp; 6879167 | 0.1<br> %<br>|
| Turkey | &nbsp;&nbsp; 6871614 | 0.1<br> %<br>|
| Israel | &nbsp;&nbsp; 6849603 | 0.1<br> %<br>|
| Jersey | &nbsp;&nbsp; 6626169 | 0.1<br> %<br>|
| Panama | &nbsp;&nbsp; 6556833 | 0.1<br> %<br>|
| Finland | &nbsp;&nbsp; 6316292 | 0.1<br> %<br>|
| Oman | &nbsp;&nbsp; 4913077 | 0.1<br> %<br>|
| Argentina | &nbsp;&nbsp; 4883753 | 0.1<br> %<br>|
| Austria | &nbsp;&nbsp; 4713855 | 0.1<br> %<br>|
| Slovenia | &nbsp;&nbsp; 4713005 | 0.1<br> %<br>|
| Bermuda | &nbsp;&nbsp; 4485255 | 0.1<br> %<br>|
| Egypt | &nbsp;&nbsp; 4369297 | 0.1<br> %<br>|
| Japan | &nbsp;&nbsp; 4163636 | 0.1<br> %<br>|
| Kazakhstan | &nbsp;&nbsp; 4047102 | 0.1<br> %<br>|
| Portugal | &nbsp;&nbsp; 3869832 | 0.1<br> %<br>|
| Ukraine | &nbsp;&nbsp; 3488874 | 0.1<br> %<br>|
| Uruguay | &nbsp;&nbsp; 3206875 | 0.1<br> %<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY (cont'd)** | **POSITIONS BY COUNTRY (cont'd)** | **POSITIONS BY COUNTRY (cont'd)** |
| **Country** | **Investments at**<br> **Value**<br>| **Percentage of**<br> **Net Assets**<br>|
| Denmark | &nbsp;&nbsp; $3004646 | 0.1<br> %<br>|
| Other countries, each representing less than 0.05% of net assets of the Fund | &nbsp;&nbsp; 26093481 | 0.0<br> %<br>|
| Short-Term Investments and Other Liabilities—Net | &nbsp;&nbsp; (672441351)<br>| &nbsp;&nbsp; (11.0)%<br>|
|  | &nbsp;&nbsp; **$6124226117** | **100.0%**<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At April 30, 2025, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Open Contracts** | **Notional** <br>**Amount**<br>| **Value and** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 6/2025 | &nbsp;&nbsp; 18 | Euro-Bobl | &nbsp;&nbsp; $2439412 | &nbsp;&nbsp; $22480 |
| 6/2025 | &nbsp;&nbsp; 24 | Euro-BTP | &nbsp;&nbsp; 3270494 | &nbsp;&nbsp; 21697 |
| 6/2025 | &nbsp;&nbsp; 66 | Euro-Bund | &nbsp;&nbsp; 9852945 | &nbsp;&nbsp; 282293 |
| 6/2025 | &nbsp;&nbsp; 7 | Euro-Buxl | &nbsp;&nbsp; 984107 | &nbsp;&nbsp; 34067 |
| 6/2025 | &nbsp;&nbsp; 3 | Euro-Oat | &nbsp;&nbsp; 426994 | &nbsp;&nbsp; 7481 |
| 6/2025 | &nbsp;&nbsp; 567 | Euro-Schatz | &nbsp;&nbsp; 69095034 | &nbsp;&nbsp; 499670 |
| 6/2025 | &nbsp;&nbsp; 4 | Japanese Bond, 10 Year | &nbsp;&nbsp; 3934816 | &nbsp;&nbsp; 71530 |
| 6/2025 | &nbsp;&nbsp; 104 | Long Gilt | &nbsp;&nbsp; 12961954 | &nbsp;&nbsp; 104186 |
| 6/2025 | &nbsp;&nbsp; 93 | U.S. Treasury Long Bond | &nbsp;&nbsp; 10846125 | &nbsp;&nbsp; (30690) |
| 6/2025 | &nbsp;&nbsp; 280 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp; 31421250 | &nbsp;&nbsp; 254771 |
| 6/2025 | &nbsp;&nbsp; 373 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp; 77639367 | &nbsp;&nbsp; 133246 |
| 6/2025 | &nbsp;&nbsp; 1418 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp; 154838954 | &nbsp;&nbsp; 1155188 |
| 6/2025 | &nbsp;&nbsp; 379 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp; 43484328 | &nbsp;&nbsp; 260153 |
| 6/2025 | &nbsp;&nbsp; 38 | U.S. Treasury Ultra Bond | &nbsp;&nbsp; 4599188 | &nbsp;&nbsp; (72269) |
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp; **$425794968** | &nbsp;&nbsp; **$2743803** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| **Number of** <br>**Contracts**<br>| **Open Contracts** | **Notional** <br>**Amount**<br>| **Value and** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| 6/2025 | &nbsp;&nbsp; 183 | Euro-Bobl | &nbsp;&nbsp; $(24800692) | &nbsp;&nbsp; $(245036) |
| 6/2025 | &nbsp;&nbsp; 4 | Euro-BTP | &nbsp;&nbsp; (545082) | &nbsp;&nbsp; (12119) |
| 6/2025 | &nbsp;&nbsp; 71 | Euro-Bund | &nbsp;&nbsp; (10599380) | &nbsp;&nbsp; (93165) |
| 6/2025 | &nbsp;&nbsp; 6 | Euro-Oat | &nbsp;&nbsp; (853988) | &nbsp;&nbsp; (3888) |
| 6/2025 | &nbsp;&nbsp; 31 | Euro-Schatz | &nbsp;&nbsp; (3777683) | &nbsp;&nbsp; (29706) |
| 6/2025 | &nbsp;&nbsp; 10 | Japanese Bond, 10 Year | &nbsp;&nbsp; (9837040) | &nbsp;&nbsp; (130109) |
| 6/2025 | &nbsp;&nbsp; 113 | Long Gilt | &nbsp;&nbsp; (14083662) | &nbsp;&nbsp; (187087) |
| 6/2025 | &nbsp;&nbsp; 1455 | U.S. Treasury Long Bond | &nbsp;&nbsp; (169689375) | &nbsp;&nbsp; (1177409) |
| 6/2025 | &nbsp;&nbsp; 952 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp; (106832250) | &nbsp;&nbsp; 208773 |
| 6/2025 | &nbsp;&nbsp; 454 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp; (94499391) | &nbsp;&nbsp; 56558 |
| 6/2025 | &nbsp;&nbsp; 37 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp; (4040226) | &nbsp;&nbsp; (51541) |
| 6/2025 | &nbsp;&nbsp; 154 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp; (17669094) | &nbsp;&nbsp; (114969) |
| 6/2025 | &nbsp;&nbsp; 1749 | U.S. Treasury Ultra Bond | &nbsp;&nbsp; (211683656) | &nbsp;&nbsp; (886195) |
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp; **$(668911519)** | &nbsp;&nbsp; **$(2665893)** |
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp; **$77910** |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

**Options on exchange-traded futures contracts**

At April 30, 2025, the Fund did not have any outstanding option contracts purchased or written on exchange-traded futures contracts.

At April 30, 2025, the Fund had $20,323,491 deposited in a segregated account to cover margin requirements on open futures.

For the six months ended April 30, 2025, the average notional value for the months where the Fund had futures outstanding was $897,640,054 for long positions and $(512,399,547) for short positions.

**Forward foreign currency contracts ("forward FX contracts")**

At April 30, 2025, open forward FX contracts for the Fund were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| AUD | 96 | USD | 60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2 |
| BRL | 9168274 | USD | 1580781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15015 |
| BRL | 9274445 | USD | 1594363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19912 |
| CAD | 1553127 | USD | 1098334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32568 |
| USD | 873183 | CLP | 804252642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24085 |
| COP | 3619176606 | USD | 825450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25660 |
| COP | 2977196328 | USD | 679582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20555 |
| USD | 627202 | COP | 2630885923 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8505 |
| USD | 1974654 | COP | 8311296911 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20113 |
| CZK | 33352675 | EUR | 1328510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6657 |
| CZK | 32993259 | EUR | 1315609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4978 |
| DKK | 6278370 | USD | 937056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20836 |
| EUR | 1325678 | HUF | 531786263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19572 |
| EUR | 1320137 | HUF | 531819800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13184 |
| EUR | 169339 | HUF | 68394689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1199 |
| EUR | 801841 | PLN | 3376455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18614 |
| EUR | 317649 | PLN | 1333844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8362 |
| EUR | 1299275 | PLN | 5522306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16628 |
| EUR | 787006 | PLN | 3315805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17789 |
| EUR | 1300114 | PLN | 5547838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10834 |
| EUR | 531702 | USD | 587392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14947 |
| EUR | 526722 | USD | 583427 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13270 |
| EUR | 230953 | USD | 255115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6520 |
| EUR | 420290 | USD | 454889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21237 |
| EUR | 636397 | USD | 704759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16184 |
| EUR | 526721 | USD | 583309 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13387 |
| EUR | 623259 | USD | 683646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22413 |
| EUR | 531700 | USD | 587531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14806 |
| EUR | 204630 | USD | 226021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5794 |
| EUR | 7403437 | USD | 8245208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179396 |
| EUR | 1212535 | USD | 1350401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29381 |
| EUR | 16608000 | USD | 18427157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 471608 |
| EUR | 13840000 | USD | 15407726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 341245 |
| EUR | 2645517 | USD | 2956714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53703 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| EUR | 7983000 | USD | 9079465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4642 |
| USD | 1588101 | EUR | 1400323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1744 |
| USD | 987566 | EUR | 866941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5452 |
| GBP | 2065395 | USD | 2669523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83816 |
| GBP | 611151 | USD | 788972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25742 |
| GBP | 720245 | USD | 928954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31191 |
| IDR | 7608077776 | USD | 457601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1295 |
| INR | 195828040 | USD | 2252336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54666 |
| INR | 78619599 | USD | 920318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5880 |
| INR | 118980231 | USD | 1388033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13644 |
| JPY | 4531563807 | USD | 31031777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 928198 |
| KRW | 1965920495 | USD | 1365972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17785 |
| USD | 1390711 | KRW | 1963697408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8519 |
| KZT | 283088569 | USD | 540761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7879 |
| KZT | 187476179 | USD | 363150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188 |
| USD | 489117 | KZT | 250672626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3301 |
| MXN | 17049042 | USD | 844071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25190 |
| MXN | 28825319 | USD | 1398984 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70701 |
| MXN | 26029559 | USD | 1265816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61325 |
| MXN | 6 | USD |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| NOK | 40 | USD | 4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| PLN | 5598297 | EUR | 1295423 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7828 |
| RON | 747536 | EUR | 149351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 732 |
| USD |  | SEK | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| THB | 44786584 | USD | 1287189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54329 |
| THB | 28394482 | USD | 843114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7401 |
| TRY | 9314333 | USD | 234485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1235 |
| TRY | 69897368 | USD | 1706868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62045 |
| TRY | 10717523 | USD | 234879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36353 |
| ZAR | 26839528 | USD | 1411466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30177 |
| ZAR | 30473870 | USD | 1557336 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 79519 |
| ZAR | 7492158 | USD | 397209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5220 |
| ZAR | 7492159 | USD | 395397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7032 |
| **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** | **Total unrealized appreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$3151988** |
| USD | 577137 | AUD | 958912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37622)<br>|
| BRL | 3095487 | USD | 541827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3039)<br>|
| USD | 126983 | CAD | 177547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2297)<br>|
| CLP | 2128760319 | USD | 2260863 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13403)<br>|
| USD | 1321049 | CLP | 1331102472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (84275)<br>|
| USD | 826056 | CLP | 782842629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (438)<br>|
| COP | 402800513 | USD | 96190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1465)<br>|
| USD | 879776 | COP | 3743934396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (673)<br>|
| USD | 309129 | COP | 1344046018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6946)<br>|
| EUR | 518530 | CZK | 13068659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4907)<br>|
| EUR | 788067 | CZK | 19861901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7458)<br>|
| EUR | 788047 | CZK | 19905925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HSBC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9482)<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| EUR | 1312209 | CZK | 32908054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4967)<br>|
| EUR | 1295083 | CZK | 32602115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10517)<br>|
| EUR | 130033 | RON | 649991 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (443)<br>|
| EUR | 100554 | USD | 114318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (405)<br>|
| EUR | 250465 | USD | 285895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2155)<br>|
| EUR | 1400323 | USD | 1590972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/4/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1741)<br>|
| EUR | 157030 | USD | 178728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/4/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (515)<br>|
| USD | 104466 | EUR | 96465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4814)<br>|
| USD | 358624 | EUR | 331942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17417)<br>|
| USD | 1253653 | EUR | 1159250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (59604)<br>|
| USD | 901527 | EUR | 824937 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (33004)<br>|
| USD | 1725526 | EUR | 1591219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (77087)<br>|
| USD | 159844 | EUR | 142973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2850)<br>|
| USD | 1833250 | EUR | 1670583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67759)<br>|
| USD | 122134121 | EUR | 111287770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4503733)<br>|
| USD | 207553392 | EUR | 185755836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3824017)<br>|
| USD | 4121160 | GBP | 3231371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (186520)<br>|
| USD | 34854095 | GBP | 26985655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1119976)<br>|
| USD | 11604966 | GBP | 9100393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (526597)<br>|
| HUF | 31141060 | EUR | 77570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1077)<br>|
| HUF | 756543985 | EUR | 1864098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2997)<br>|
| HUF | 534247054 | EUR | 1316696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2492)<br>|
| HUF | 534250884 | EUR | 1321796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8274)<br>|
| USD | 6908898 | HUF | 2592066385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (325047)<br>|
| USD | 909889 | INR | 78072149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9860)<br>|
| USD | 2230318 | INR | 195825062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (76649)<br>|
| USD | 1399912 | INR | 119522386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8152)<br>|
| USD | 51620 | JPY | 7414264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (671)<br>|
| KZT | 177552083 | USD | 345600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1495)<br>|
| KZT | 216450171 | USD | 423582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4090)<br>|
| KZT | 113694839 | USD | 221519 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1173)<br>|
| KZT | 201903432 | USD | 381490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6285)<br>|
| KZT | 276755042 | USD | 518754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4449)<br>|
| USD | 447287 | KZT | 242331288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3046)<br>|
| USD | 412224 | KZT | 224229003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4470)<br>|
| USD | 1299904 | MXN | 26825044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67796)<br>|
| USD | 101085 | MXN | 2099884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5980)<br>|
| USD | 853731 | MXN | 17231363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (24826)<br>|
| USD | 1419233 | MXN | 28919249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (55242)<br>|
| USD | 1513108 | MXN | 30472983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (40585)<br>|
| USD | 860306 | MXN | 17942973 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (54533)<br>|
| USD | 8864287 | MXN | 185329219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (496800)<br>|
| USD | 18747423 | MXN | 386525000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (776180)<br>|
| USD | 96129 | PEN | 353640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (195)<br>|
| PLN | 3114104 | EUR | 740816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (18620)<br>|
| PLN | 9493913 | EUR | 2241792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37772)<br>|

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement**<br> **Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net**<br> **Unrealized**<br> **Appreciation/**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| USD | 1466735 | SGD | 1921261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(7876)<br>|
| THB | 11268858 | USD | 341191 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2774)<br>|
| USD | 2233272 | THB | 75808752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/14/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (37470)<br>|
| USD | 1328639 | THB | 44705614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13921)<br>|
| USD | 301423 | THB | 10393141 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GSI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10695)<br>|
| USD | 904265 | THB | 30331793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6633)<br>|
| TRY | 19589128 | USD | 504128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8381)<br>|
| USD | 177377 | TRY | 7942924 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/27/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23637)<br>|
| USD | 1437498 | TWD | 47408136 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57676)<br>|
| USD | 1265246 | ZAR | 25037938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (79627)<br>|
| USD | 5955553 | ZAR | 117266189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (313247)<br>|
| ZAR | 2082713 | USD | 113550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1680)<br>|
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(13218499)**<br>|
| **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** | **Total net unrealized depreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(10066511)**<br>|

---

For the six months ended April 30, 2025, the average notional value for the months where the Fund had forward FX contracts outstanding was $750,973,633.

**Bond forward contracts ("bond forwards")**

At April 30, 2025, bond forwards for the Fund were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Entity** | &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>|
| GSI | U.S. Treasury Inflation-Indexed Bonds, 0.13%, due 10/15/2026 | &nbsp;&nbsp; $3000000 | 05/28/2025 | &nbsp;&nbsp; $4742 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 1.63%, due 10/15/2027 | &nbsp;&nbsp; 3500000 | 05/28/2025 | &nbsp;&nbsp; 12772 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 1.25%, due 4/15/2028 | &nbsp;&nbsp; 6000000 | 05/28/2025 | &nbsp;&nbsp; 31186 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 0.88%, due 1/15/2029 | &nbsp;&nbsp; 5000000 | 05/28/2025 | &nbsp;&nbsp; 25946 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 0.13%, due 1/15/2030 | &nbsp;&nbsp; 7750000 | 05/28/2025 | &nbsp;&nbsp; 72455 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 0.13%, due 1/15/2032 | &nbsp;&nbsp; 4500000 | 05/28/2025 | &nbsp;&nbsp; 48581 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 1.13%, due 1/15/2033 | &nbsp;&nbsp; 6000000 | 05/28/2025 | &nbsp;&nbsp; 49807 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 1.75%, due 1/15/2034 | &nbsp;&nbsp; 6000000 | 05/28/2025 | &nbsp;&nbsp; 39391 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 2.13%, due 1/15/2035 | &nbsp;&nbsp; 1000000 | 05/28/2025 | &nbsp;&nbsp; 5448 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 0.75%, due 2/15/2042 | &nbsp;&nbsp; 2000000 | 05/28/2025 | &nbsp;&nbsp; 24177 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 0.75%, due 2/15/2045 | &nbsp;&nbsp; 1000000 | 05/28/2025 | &nbsp;&nbsp; 10942 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 1.00%, due 2/15/2048 | &nbsp;&nbsp; 2450000 | 05/28/2025 | &nbsp;&nbsp; 25221 |
| GSI | U.S. Treasury Inflation-Indexed Bonds, 1.50%, due 2/15/2053 | &nbsp;&nbsp; 3000000 | 05/28/2025 | &nbsp;&nbsp; 27787 |
| **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | **Total net unrealized appreciation** | &nbsp;&nbsp; **$378455** |

---

For the six months ended April 30, 2025, the average notional value for the months where the Fund had bond forwards outstanding was $52,162,143.

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

**Credit default swap contracts ("credit default swaps")**

At April 30, 2025, the Fund had outstanding credit default swaps as follows:

**Centrally Cleared Credit Default Swaps — Buy Protection**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Clearinghouse | Reference <br>Entity<br>| Notional <br>Amount | Notional <br>Amount | Financing <br>Rate <br>Paid <br>by <br>the Fund<br>| Maturity <br>Date<br>| Upfront <br>Payments/ <br>(Receipts)<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| ICE CC | iTraxx Europe <br> Crossover Ser. 43 V.1<br>| EUR | 230000 | 5.00%<br> 3M | 6/20/2030 | $(17301)<br>| $497 | $(1520)<br>| $(18324)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Centrally Cleared Credit Default Swaps — Sell Protection**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Clearinghouse | Reference <br>Entity<br>| Notional <br>Amount | Notional <br>Amount | Financing <br>Rate <br>Received <br>by <br>the Fund<br>| Maturity <br>Date<br>| Upfront <br>Payments/ <br>(Receipts)<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| ICE CC | CDX North <br> America <br>High Yield <br>Index, Ser. 44.V1<br>| USD | 359295000 | 5.00%<br> 3M | 6/20/2030 | $16185586 | $(2600282)<br>| $2095887 | $15681191 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

For the six months ended April 30, 2025, the average notional value for the months where the Fund had credit default swaps outstanding was $1,256,904 for buy protection and $151,209,558 for sell protection.

**Interest rate swap contracts ("interest rate swaps")**

At April 30, 2025, the Fund had outstanding interest rate swaps as follows:

**Centrally cleared interest rate swaps** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Clearinghouse | Notional <br>Amount | Notional <br>Amount | Fund <br>Receives/ <br>Pays <br>Floating <br>Rate<br>| Floating <br>Rate Index<br>| Annual <br>Fixed- <br>Rate<br>| Frequency <br>of Fund <br>Receipt/ <br>Payment<br>| Maturity <br>Date<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| LCH | EUR | 1000000 | Pay | €STR | 1.98% | 1Y/1Y | 4/3/2028 | $8167 | $(337)<br>| $7830 |
| LCH | EUR | 520000 | Pay | €STR | 2.15% | 1Y/1Y | 4/2/2030 | 6521 | (95)<br>| 6426 |
| LCH | EUR | 206577 | Receive | 6M EURIBOR | 0.05% | 6M/1Y | 4/13/2031 | 28011 | 237 | 28248 |
| LCH | EUR | 404461 | Pay | 6M EURIBOR | 2.22% | 1Y/6M | 8/30/2032 | (2238)<br>| 4910 | 2672 |
| LCH | EUR | 117250 | Pay | €STR | 2.46% | 1Y/1Y | 4/2/2035 | 2204 | 12 | 2216 |
| Total |  |  |  |  |  |  |  | $42665 | $4727 | $47392 |

---

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

**Inflation swap contracts ("inflation swaps")**

At April 30, 2025, the Fund had outstanding inflation swaps as follows:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** | **Centrally cleared inflation swaps** |  |  |  |
| Clearinghouse | Notional <br>Amount | Notional <br>Amount | Fund <br>Receives/ <br>Pays <br>Floating <br>Rate<br>| Floating <br>Rate Index<br>| Annual <br>Fixed- <br>Rate<br>| Frequency <br>of Fund <br>Receipt/ <br>Payment<br>| Maturity <br>Date<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| LCH | EUR | 960000 | Receive | CPTFEMU | 1.71% | T/T | 4/8/2030 | $18962 | $(18571)<br>| $391 |
| LCH | EUR | 670000 | Receive | CPTFEMU | 1.42% | T/T | 4/15/2031 | 179252 | (55289)<br>| 123963 |
| LCH | USD | 26425000 | Pay | CPURNSA | 2.58% | T/T | 12/2/2026 | 566151 | (852455)<br>| (286304)<br>|
| LCH | USD | 10970000 | Receive | CPURNSA | 2.47% | T/T | 12/2/2029 | 168590 | (111539)<br>| 57051 |
| Total |  |  |  |  |  |  |  | $932955 | $(1037854)<br>| $(104899)<br>|

---

At April 30, 2025, the Fund had $13,258,279 deposited in a segregated account to cover margin requirements for centrally cleared swaps.

For the six months ended April 30, 2025, the average notional value for the months where the Fund had interest rate swaps and inflation rate swaps outstanding was $25,393,070 when the Fund paid the fixed rate and $56,871,481 when the Fund received the fixed rate.

**Total return basket swap contracts ("total return basket swaps")**

At April 30, 2025, the Fund had outstanding total return basket swaps<sup>(a)</sup> as follows:

**Over-the-counter total return basket swaps—Long**<sup>(b)</sup><br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Entity** | &nbsp;&nbsp; **Effective** <br>**Variable** <br>**Rate**<sup>(c)</sup><br>| **Spread** | &nbsp;&nbsp; **Reference** <br>**Rate**<br>| &nbsp;&nbsp; **Frequency** <br>**of Fund** <br>**Receipt/** <br>**Payment**<br>| &nbsp;&nbsp; **Maturity** <br>**Date(s)**<br>| **Value** |
| GSI | GSUCNTIG | &nbsp;&nbsp;&nbsp;&nbsp; 4.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> %<br>| SOFR | &nbsp;&nbsp; 1M/T | &nbsp;&nbsp; 6/26/2025 | &nbsp;&nbsp; $(82010)<br>|

---

(a) The following table represents required component disclosures associated with the total return basket swaps:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Reference Entity** | **Principal** <br>**Amount**<br>| **Notional** <br>**Amount**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Component** <br>**Weighting**<br>|
| **GSUCNTIG** |  |  |  |  |
| Citigroup, Inc., 6.02%, due 1/24/2036 | 900000 | &nbsp;&nbsp; $999816 | &nbsp;&nbsp; $(18940)<br>| 22.5<br> %<br>|
| Wells Fargo & Co., 6.49%, due 10/23/2034 | 730350 | &nbsp;&nbsp; 870163 | &nbsp;&nbsp; (16531)<br>| 19.6<br> %<br>|
| Warnermedia Holdings, Inc., 5.05%, due 3/15/2042 | 855450 | &nbsp;&nbsp; 714353 | &nbsp;&nbsp; (13969)<br>| 16.1<br> %<br>|
| AT&T, Inc., 3.5%, due 9/15/2053 | 900000 | &nbsp;&nbsp; 667366 | &nbsp;&nbsp; (12190)<br>| 15.0<br> %<br>|
| Southern Co., 4.00%, due 1/15/2051 | 545400 | &nbsp;&nbsp; 595359 | &nbsp;&nbsp; (10263)<br>| 13.4<br> %<br>|
| Uber Technologies, Inc., 5.35%, due 9/15/2054 | 291600 | &nbsp;&nbsp; 295873 | &nbsp;&nbsp; (5563)<br>| 6.7<br> %<br>|
| JPMorgan Chase & Co., 2.18%, due 6/1/2028 | 233100 | &nbsp;&nbsp; 247112 | &nbsp;&nbsp; (3874)<br>| 5.6<br> %<br>|
| Campbell's Co., 5.40%, due 3/21/2034 | 44100 | &nbsp;&nbsp; 49247 | &nbsp;&nbsp; (907)<br>| 1.1<br> %<br>|
|  |  | &nbsp;&nbsp; **$4439289** | &nbsp;&nbsp; **$(82237)**<br>|  |
| Accrued Net Interest Receivable/(Payable) | Accrued Net Interest Receivable/(Payable) |  | &nbsp;&nbsp; 227 |  |
| **Total Return Basket Swaps, at Value** | **Total Return Basket Swaps, at Value** |  | &nbsp;&nbsp; **$(82010)**<br>|  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(b) The Fund pays a specified rate based on a reference rate plus or minus a spread, and
 receives the total return on the reference entity. The receipts may be denominated in various foreign
 currencies based on the local currencies of the positions within the swaps.

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(c) Effective rate at April 30, 2025.

**Total return swap contracts ("total return swaps")**

At April 30, 2025, the Fund had outstanding total return swaps as follows:

**Over-the-counter total return swaps—Long**<sup>(a)</sup><br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Counterparty | Reference <br>Entity<br>| Notional <br>Amount | Notional <br>Amount | Maturity <br>Date<br>| Variable <br>Rate<sup>(b)</sup><br>| Spread | Reference <br>Rate<br>| Frequency <br>of Fund <br>Receipt/ <br>Payment<br>| Unrealized <br>Appreciation/ <br>(Depreciation)<br>| Accrued <br>Net <br>Interest <br>Receivable/ <br>(Payable)<br>| Value |
| GSI | iShares iBoxx $ High Yield Corp. <br> Bond ETF<br>| USD | 89999908 | 6/11/2025 | 3.46% | (0.95)%<br>| SOFR | T/T | $(520992)<br>| $10879 | $(510113)<br>|
| GSI | iShares iBoxx $ High Yield Corp. <br> Bond ETF<br>| USD | 72192371 | 6/17/2025 | 3.61% | (0.80)%<br>| SOFR | T/T | (414785)<br>| 36319 | (378466)<br>|
| JPM | iShares iBoxx $ Investment <br>Grade Corporate <br> Bond ETF<br>| USD | 60785397 | 5/23/2025 | 3.86% | (0.55)%<br>| SOFR | T/T | 649173 | (44032)<br>| 605141 |
| Total |  |  |  |  |  |  |  |  | $(286604)<br>| $3166 | $(283438)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Fund pays a specified rate based on a reference rate plus or minus a spread, and
 receives the total return on the reference entity.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Effective rate at April 30, 2025.

For the six months ended April 30, 2025, the average notional value for the months where the Fund had total return swaps outstanding was $135,277,790 for long positions.

At April 30, 2025, the Fund had cash collateral of $110,000, $6,676,000, $440,000, and $4,700,000 deposited in segregated accounts for Barclays Bank N.A., Citibank, N.A, Goldman Sachs International and Deutsche Bank AG, respectively, and cash collateral of $690,000 received from JPMorgan Chase Bank N.A, respectively, to cover collateral requirements on over-the-counter derivatives.

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's investments as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| U.S. Treasury Obligations | $— | $388923646 | $— | $388923646 |
| U.S. Government Agency Securities |  | 3250971 |  | 3250971 |
| Mortgage-Backed Securities<sup>#</sup> <br>|  | 3168171839 |  | 3168171839 |
| Asset-Backed Securities<sup>#</sup> <br>|  | 641128125 |  | 641128125 |
| Corporate Bonds<sup>#</sup> <br>|  | 2105855394 |  | 2105855394 |
| Loan Assignments<sup>#</sup> <br>|  | 25003710 |  | 25003710 |
| Foreign Government Securities |  | 223328160 |  | 223328160 |
| Municipal Notes<sup>#</sup> <br>|  | 32127432 |  | 32127432 |
| Investment Companies |  |  | 36939 | 36939 |
| Exchange-Traded Funds | 208841252 |  |  | 208841252 |
| Short-Term Investments |  | 418001281 |  | 418001281 |
| **Total Investments** | **$208841252** | **$7005790558** | **$36939** | **$7214668749** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Financial Statements

------

Schedule of Investments Strategic Income Fund^ (Unaudited) (cont'd)

# The Schedule of Investments provides information on the industry, state/territory or sector categorization as well as a Positions by Country summary. 

(a) The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value: 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| (000's <br>omitted)<br>| Beginning <br>balance as <br>of 11/1/2024<br>| Accrued <br>discounts/ <br>(premiums)<br>| Realized <br>gain/(loss)<br>| Change <br>in unrealized <br>appreciation/ <br>(depreciation)<br>| Purchases | Sales/ <br>Other <br>Reductions<br>| Transfers <br>into <br>Level 3<br>| Transfers <br>out of <br>Level 3<br>| Balance <br>as of <br>4/30/2025<br>| Net change in <br>unrealized <br>appreciation/ <br>(depreciation) <br>from <br>investments <br>still held as of <br>4/30/2025<br>|
| Investments in <br>Securities: <br>|  |  |  |  |  |  |  |  |  |  |
| Investment <br> Companies<sup>(1)</sup><br>| $— | $— | $— | $35 | $— | $(34)<br>| $36 | $— | $37 | $35 |
| Total | $— | $— | $— | $35 | $— | $(34)<br>| $36 | $— | $37 | $35 |
| (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. | (1) At April 30, 2025, these investments were valued in accordance with procedures approved by the <br> valuation designee. These investments did not have a material impact on the Fund's net assets and, <br> therefore, disclosure of significant unobservable inputs used in formulating valuations is not <br> presented. |

---

The following is a summary, categorized by Level (see Note A of the Notes to Financial Statements), of inputs used to value the Fund's derivatives as of April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| Assets | $3112093 | $— | $— | $3112093 |
| Liabilities | (3034183)<br>|  |  | (3034183)<br>|
| Forward FX Contracts<sup>@</sup> |  |  |  |  |
| Assets |  | 3151988 |  | 3151988 |
| Liabilities |  | (13218499)<br>|  | (13218499)<br>|
| Bond Forwards<sup>@</sup> <br>|  |  |  |  |
| Assets |  | 378455 |  | 378455 |
| Swaps |  |  |  |  |
| Assets |  | 16515129 |  | 16515129 |
| Liabilities |  | (1275217)<br>|  | (1275217)<br>|
| **Total** | **$77910** | **$5551856** | **$—** | **$5629766** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures, forward FX contracts and bond forwards are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^

A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Financial Statements

------

Statements of Assets and Liabilities (Unaudited)

**Neuberger Berman Income Funds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Core Bond** <br>**Fund**<br>| **Emerging** <br>**Markets** <br>**Debt Fund**<br>| **Floating** <br>**Rate Income** <br>**Fund**<br>| **High Income** <br>**Bond Fund**<br>|
|  | **April 30, 2025** | **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Assets** |  |  |  |  |
| Investments in securities, at value<sup>\*</sup> (Notes A & F)— <br>see Schedule of Investments:<br>|  |  |  |  |
| Unaffiliated issuers<sup>(a)</sup> | &nbsp;&nbsp; $1057281220 | &nbsp;&nbsp; $107419692 | &nbsp;&nbsp; $495920519 | &nbsp;&nbsp; $597361755 |
| Affiliated issuers<sup>(b)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
|  | &nbsp;&nbsp; 1057281220 | &nbsp;&nbsp; 107419692 | &nbsp;&nbsp; 495920519 | &nbsp;&nbsp; 597361755 |
| Cash | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign currency<sup>(c)</sup> | &nbsp;&nbsp; 19889 | &nbsp;&nbsp; 337722 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Cash collateral segregated for futures contracts (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; 386974 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Cash collateral segregated for centrally cleared swap contracts (Note <br> A)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 470262 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Cash collateral segregated for over-the-counter derivatives (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Cash collateral segregated for TBA securities (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Dividends and interest receivable | &nbsp;&nbsp; 8173767 | &nbsp;&nbsp; 2267331 | &nbsp;&nbsp; 3328764 | &nbsp;&nbsp; 10076181 |
| Receivable for securities sold | &nbsp;&nbsp; 16926836 | &nbsp;&nbsp; 3213744 | &nbsp;&nbsp; 18928095 | &nbsp;&nbsp; 3435004 |
| Receivable for accumulated variation margin on futures contracts <br> (Note A)<br>| &nbsp;&nbsp; 3857527 | &nbsp;&nbsp; 146047 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivable from Management—net (Note B) | &nbsp;&nbsp; — | &nbsp;&nbsp; 16436 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivable for Fund shares sold | &nbsp;&nbsp; 779218 | &nbsp;&nbsp; 1005 | &nbsp;&nbsp; 219467 | &nbsp;&nbsp; 274129 |
| Receivable for accumulated variation margin on centrally cleared <br> swap contracts<sup>(d)(e)</sup> (Note A)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 201492 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivable for bond forward contracts (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Receivable for forward foreign currency contracts (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; 1903365 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Prepaid expenses and other assets | &nbsp;&nbsp; 183752 | &nbsp;&nbsp; 20205 | &nbsp;&nbsp; 46681 | &nbsp;&nbsp; 75949 |
| Total Assets | &nbsp;&nbsp; 1087222209 | &nbsp;&nbsp; 116454275 | &nbsp;&nbsp; 518443526 | &nbsp;&nbsp; 611223018 |
| **Liabilities** |  |  |  |  |
| Over-the-counter swap contracts, at value (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Cash collateral segregated for over-the-counter derivatives due to <br> broker (Note A)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Cash collateral segregated for futures contracts due to broker (Note <br> A)<br>| &nbsp;&nbsp; 1771049 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Payable to investment manager—net (Notes A& B) | &nbsp;&nbsp; 144307 | &nbsp;&nbsp; 54287 | &nbsp;&nbsp; 168015 | &nbsp;&nbsp; 232053 |
| Due to custodian | &nbsp;&nbsp; — | &nbsp;&nbsp; 179180 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Payable for securities purchased | &nbsp;&nbsp; 48805973 | &nbsp;&nbsp; 690279 | &nbsp;&nbsp; 21689083 | &nbsp;&nbsp; 3948454 |
| Payable for Fund shares redeemed | &nbsp;&nbsp; 1017923 | &nbsp;&nbsp; 150132 | &nbsp;&nbsp; 664552 | &nbsp;&nbsp; 438124 |
| Payable for forward foreign currency contracts (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; 1812349 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Payable to administrator—net (Note B) | &nbsp;&nbsp; 74312 | &nbsp;&nbsp; — | &nbsp;&nbsp; 39731 | &nbsp;&nbsp; 73862 |
| Payable to trustees | &nbsp;&nbsp; 3993 | &nbsp;&nbsp; 4681 | &nbsp;&nbsp; 4378 | &nbsp;&nbsp; 4255 |
| Payable for audit fees | &nbsp;&nbsp; 29745 | &nbsp;&nbsp; 31463 | &nbsp;&nbsp; 31569 | &nbsp;&nbsp; 32214 |
| Payable for custodian and accounting fees | &nbsp;&nbsp; 42123 | &nbsp;&nbsp; 47212 | &nbsp;&nbsp; 71712 | &nbsp;&nbsp; 36473 |
| Payable for legal fees | &nbsp;&nbsp; 27675 | &nbsp;&nbsp; 29403 | &nbsp;&nbsp; 28299 | &nbsp;&nbsp; 29402 |
| Distributions payable | &nbsp;&nbsp; 235061 | &nbsp;&nbsp; 11973 | &nbsp;&nbsp; 27322 | &nbsp;&nbsp; 392137 |
| Payable for unfunded loan commitments (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 5895 | &nbsp;&nbsp; — |
| Accrued capital gains taxes (Note A) | &nbsp;&nbsp; — | &nbsp;&nbsp; 40408 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Other accrued expenses and payables | &nbsp;&nbsp; 18617 | &nbsp;&nbsp; 4714 | &nbsp;&nbsp; 14145 | &nbsp;&nbsp; 36551 |
| Total Liabilities | &nbsp;&nbsp; 52170778 | &nbsp;&nbsp; 3176081 | &nbsp;&nbsp; 22744701 | &nbsp;&nbsp; 5223525 |
| Net Assets  | &nbsp;&nbsp; $1035051431 | &nbsp;&nbsp; $113278194 | &nbsp;&nbsp; $495698825 | &nbsp;&nbsp; $605999493 |
| **Net Assets consist of:** |  |  |  |  |
| Paid-in capital | &nbsp;&nbsp; $1142347585 | &nbsp;&nbsp; $162856660 | &nbsp;&nbsp; $557069485 | &nbsp;&nbsp; $918025715 |
| Total distributable earnings/(losses) | &nbsp;&nbsp; (107296154)<br>| &nbsp;&nbsp; (49578466)<br>| &nbsp;&nbsp; (61370660)<br>| &nbsp;&nbsp; (312026222)<br>|
| Net Assets  | &nbsp;&nbsp; $1035051431 | &nbsp;&nbsp; $113278194 | &nbsp;&nbsp; $495698825 | &nbsp;&nbsp; $605999493 |
| **Net Assets** |  |  |  |  |
| Investor Class | &nbsp;&nbsp; $10884886 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $54030533 |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; 832790870 | &nbsp;&nbsp; 112131710 | &nbsp;&nbsp; 476185993 | &nbsp;&nbsp; 381787870 |
| Class A | &nbsp;&nbsp; 23423341 | &nbsp;&nbsp; 659712 | &nbsp;&nbsp; 13058989 | &nbsp;&nbsp; 13518097 |
| Class C | &nbsp;&nbsp; 3506460 | &nbsp;&nbsp; 486772 | &nbsp;&nbsp; 6453843 | &nbsp;&nbsp; 1893516 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1712740 |
| Class R6 | &nbsp;&nbsp; 164445874 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 129853780 |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 23202957 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Municipal** <br>**High Income** <br>**Fund**<br>| **Municipal** <br>**Impact Fund**<br>| **Municipal** <br>**Intermediate** <br>**Bond Fund**<br>| **Strategic** <br>**Income Fund**<br>|
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| $59765200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $73768698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $183938965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7182499200 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32169549 |
| 59765200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73768698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183938965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7214668749 |
| 43838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40876821 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20323491 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13258279 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11926000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7448126 |
| 873510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2684510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51428689 |
| 5000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 611593144 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77910 |
| 17636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13938 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| 8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6393808 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15605360 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 378455 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3151988 |
| 17707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1081180 |
| 60722899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74673852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 187142723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7998212000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365448 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690000 |
| 20076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1986038 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 679303 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1841922138 |
| 99870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11267622 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13218499 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694675 |
| 4750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2865 |
| 28735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27553 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37662 |
| 12742 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14327 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117417 |
| 29403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34379 |
| 2415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2907978 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4027 |
| 6178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57832 |
| 204169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222874 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1873985883 |
| $60518730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $74450978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $186642352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6124226117 |
| $77938827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $80607164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $200084291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6422451151 |
| (17420097)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6156186)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13441939)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (298225034)<br>|
| $60518730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $74450978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $186642352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $6124226117 |
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $8137363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7897012 |
| 59448654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74292070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174298835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5188774104 |
| 998761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2854184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168030545 |
| 71315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1351970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63112812 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696411644 |

---

------

Statements of Assets and Liabilities (Unaudited) (cont'd)

**Neuberger Berman Income Funds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Core Bond** <br>**Fund**<br>| **Emerging** <br>**Markets** <br>**Debt Fund**<br>| **Floating** <br>**Rate Income** <br>**Fund**<br>| **High Income** <br>**Bond Fund**<br>|
|  | **April 30, 2025** | **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
| **Shares Outstanding ($.001 par value; unlimited shares authorized)**  |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 1233345 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7174158 |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; 94180105 | &nbsp;&nbsp; 16321808 | &nbsp;&nbsp; 51360430 | &nbsp;&nbsp; 50641771 |
| Class A | &nbsp;&nbsp; 2657890 | &nbsp;&nbsp; 96183 | &nbsp;&nbsp; 1408034 | &nbsp;&nbsp; 1795058 |
| Class C | &nbsp;&nbsp; 397379 | &nbsp;&nbsp; 70976 | &nbsp;&nbsp; 696282 | &nbsp;&nbsp; 250975 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 227219 |
| Class R6 | &nbsp;&nbsp; 18586559 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 17201314 |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3075795 |
| **Net Asset Value, offering and redemption price per share**  |  |  |  |  |
| Investor Class | &nbsp;&nbsp; $8.83 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $7.53 |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | 8.84 | 6.87 | 9.27 | 7.54 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 7.54 |
| Class R6 | 8.85 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 7.55 |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 7.54 |
| **Net Asset Value and redemption price per share**  |  |  |  |  |
| Class A | &nbsp;&nbsp; $8.81 | &nbsp;&nbsp; $6.86 | &nbsp;&nbsp; $9.27 | &nbsp;&nbsp; $7.53 |
| **Offering Price per share**  |  |  |  |  |
| Class A‡ | &nbsp;&nbsp; $9.20 | &nbsp;&nbsp; $7.16 | &nbsp;&nbsp; $9.68 | &nbsp;&nbsp; $7.86 |
| **Net Asset Value and offering price per share**  |  |  |  |  |
| Class C^ | &nbsp;&nbsp; $8.82 | &nbsp;&nbsp; $6.86 | &nbsp;&nbsp; $9.27 | &nbsp;&nbsp; $7.54 |
| **\*Cost of Investments:** |  |  |  |  |
| (a) Unaffiliated issuers | &nbsp;&nbsp; $1072723948 | &nbsp;&nbsp; $109783766 | &nbsp;&nbsp; $504291851 | &nbsp;&nbsp; $596393688 |
| (b) Affiliated issuers | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| Total cost of investments | &nbsp;&nbsp; $1072723948 | &nbsp;&nbsp; $109783766 | &nbsp;&nbsp; $504291851 | &nbsp;&nbsp; $596393688 |
| (c) Total cost of foreign currency | &nbsp;&nbsp; $20824 | &nbsp;&nbsp; $360299 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| (d) Unamortized upfront receipts on centrally cleared swap contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| (e) Unamortized upfront payments on centrally cleared swap <br> contracts<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $58575 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ‡ | &nbsp;&nbsp; On single retail sales of less than $50,000. On sales of $50,000 or more or in certain other circumstances described in the Fund's prospectus, offering price <br> is reduced.<br>|
| ^ | Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Municipal** <br>**High Income** <br>**Fund**<br>| **Municipal** <br>**Impact Fund**<br>| **Municipal** <br>**Intermediate** <br>**Bond Fund**<br>| **Strategic** <br>**Income Fund**<br>|
| **April 30, 2025** | **April 30, 2025** | **April 30, 2025** | **April 30, 2025** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 752589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793358 |
| 6457531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4660026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16134321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 521164909 |
| 108559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16859878 |
| 7738 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2256 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125210 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6338993 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70009627 |
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10.81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.95 |
| 9.21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.96 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.95 |
| $9.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9.97 |
| $9.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $16.66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $11.28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10.41 |
| $9.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $15.95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $9.96 |
| $66543045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $76744201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $190462098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7249189346 |
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $32229799 |
| $66543045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $76744201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $190462098 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $7281419145 |
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $40837553 |
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(17301)<br>|
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $16185586 |

---

------

Statements of Operations (Unaudited)

**Neuberger Berman Income Funds** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Core Bond** <br>**Fund**<br>| **Emerging** <br>**Markets** <br>**Debt Fund**<br>| **Floating** <br>**Rate Income** <br>**Fund**<br>| **High Income** <br>**Bond Fund**<br>|
|  | **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>|
| **Investment Income:** |  |  |  |  |
| Income (Note A): |  |  |  |  |
| Dividend income—unaffiliated issuers | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $326863 | &nbsp;&nbsp; $— |
| Interest and other income—unaffiliated issuers | &nbsp;&nbsp; 23103651 | &nbsp;&nbsp; 5139605 | &nbsp;&nbsp; 19377336 | &nbsp;&nbsp; 23077675 |
| Foreign taxes withheld | &nbsp;&nbsp; — | &nbsp;&nbsp; (131747)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total income  | &nbsp;&nbsp; $23103651 | &nbsp;&nbsp; $5007858 | &nbsp;&nbsp; $19704199 | &nbsp;&nbsp; $23077675 |
| **Expenses:** |  |  |  |  |
| Investment management fees (Note B) | &nbsp;&nbsp; 830595 | &nbsp;&nbsp; 376540 | &nbsp;&nbsp; 989687 | &nbsp;&nbsp; 1480243 |
| Administration fees (Note B): |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 14624 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 72683 |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; 548495 | &nbsp;&nbsp; 101676 | &nbsp;&nbsp; 356034 | &nbsp;&nbsp; 298972 |
| Class A | &nbsp;&nbsp; 31688 | &nbsp;&nbsp; 962 | &nbsp;&nbsp; 19144 | &nbsp;&nbsp; 17378 |
| Class C | &nbsp;&nbsp; 4926 | &nbsp;&nbsp; 868 | &nbsp;&nbsp; 8034 | &nbsp;&nbsp; 2629 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1987 |
| Class R6 | &nbsp;&nbsp; 38401 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 31430 |
| Distribution fees (Note B): |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 13541 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class A | &nbsp;&nbsp; 29340 | &nbsp;&nbsp; 891 | &nbsp;&nbsp; 17726 | &nbsp;&nbsp; 16092 |
| Class C | &nbsp;&nbsp; 18245 | &nbsp;&nbsp; 3216 | &nbsp;&nbsp; 29753 | &nbsp;&nbsp; 9736 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 3679 |
| Shareholder servicing agent fees: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 6434 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 10120 |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; 1889 | &nbsp;&nbsp; 560 | &nbsp;&nbsp; 993 | &nbsp;&nbsp; 2268 |
| Class A | &nbsp;&nbsp; 429 | &nbsp;&nbsp; 282 | &nbsp;&nbsp; 2053 | &nbsp;&nbsp; 1652 |
| Class C | &nbsp;&nbsp; 218 | &nbsp;&nbsp; 72 | &nbsp;&nbsp; 225 | &nbsp;&nbsp; 332 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 218 |
| Class R6 | &nbsp;&nbsp; 406 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 627 |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 55 |
| Audit fees | &nbsp;&nbsp; 28755 | &nbsp;&nbsp; 28893 | &nbsp;&nbsp; 30579 | &nbsp;&nbsp; 31224 |
| Custodian and accounting fees | &nbsp;&nbsp; 89226 | &nbsp;&nbsp; 95522 | &nbsp;&nbsp; 155755 | &nbsp;&nbsp; 65124 |
| Insurance | &nbsp;&nbsp; 9904 | &nbsp;&nbsp; 1971 | &nbsp;&nbsp; 5763 | &nbsp;&nbsp; 8007 |
| Legal fees | &nbsp;&nbsp; 35275 | &nbsp;&nbsp; 32585 | &nbsp;&nbsp; 32786 | &nbsp;&nbsp; 32584 |
| Registration and filing fees | &nbsp;&nbsp; 204227 | &nbsp;&nbsp; 28177 | &nbsp;&nbsp; 41153 | &nbsp;&nbsp; 65106 |
| Repayment to Management of expenses previously assumed <br> by Management (Note B)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Shareholder reports | &nbsp;&nbsp; 15966 | &nbsp;&nbsp; 2569 | &nbsp;&nbsp; 9932 | &nbsp;&nbsp; 23536 |
| Trustees' fees and expenses | &nbsp;&nbsp; 29355 | &nbsp;&nbsp; 29332 | &nbsp;&nbsp; 29340 | &nbsp;&nbsp; 29346 |
| Miscellaneous and other fees (Note A) | &nbsp;&nbsp; 36798 | &nbsp;&nbsp; 10578 | &nbsp;&nbsp; 21890 | &nbsp;&nbsp; 25058 |
| Total expenses | &nbsp;&nbsp; 1988737 | &nbsp;&nbsp; 714694 | &nbsp;&nbsp; 1750847 | &nbsp;&nbsp; 2230086 |
| Expenses reimbursed by Management (Note B) | &nbsp;&nbsp; (200386)<br>| &nbsp;&nbsp; (172650)<br>| &nbsp;&nbsp; (195119)<br>| &nbsp;&nbsp; — |
| Fees waived (Notes A & B) | &nbsp;&nbsp; — | &nbsp;&nbsp; (615)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; (53508)<br>|
| Total net expenses | &nbsp;&nbsp; 1788351 | &nbsp;&nbsp; 541429 | &nbsp;&nbsp; 1555728 | &nbsp;&nbsp; 2176578 |
| Net investment income/(loss) | &nbsp;&nbsp; $21315300 | &nbsp;&nbsp; $4466429 | &nbsp;&nbsp; $18148471 | &nbsp;&nbsp; $20901097 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Municipal** <br>**High Income** <br>**Fund**<br>| **Municipal** <br>**Impact Fund**<br>| **Municipal** <br>**Intermediate** <br>**Bond Fund**<br>| **Strategic** <br>**Income Fund**<br>|
| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>|
| $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3013170 |
| 1378432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1238004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3087212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161858187 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (36256)<br>|
| $1378432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1238004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $3087212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $164835101 |
| 124647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11463176 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15622 |
| 45919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55847 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3641689 |
| 1364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218157 |
| 118 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81595 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3906 |
| 1263 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201997 |
| 437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302202 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1624 |
| 328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6488 |
| 320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4021 |
| 155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1080 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2567 |
| 26955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35092 |
| 24017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23666 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30212 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326489 |
| 828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 976 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55391 |
| 32584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39102 |
| 28745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 305912 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135204 |
| 2103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 150526 |
| 29329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32489 |
| 7596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181794 |
| 326708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 476314 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17367661 |
| (167119)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (151960)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (167223)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6796)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (105)<br>|
| 159589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 309091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17360760 |
| $1218843 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1075495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2778121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $147474341 |

---

------

Statements of Operations (Unaudited) (cont'd)

**Neuberger Berman Income Funds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Core Bond** <br>**Fund**<br>| **Emerging** <br>**Markets** <br>**Debt Fund**<br>| **Floating** <br>**Rate Income** <br>**Fund**<br>| **High Income** <br>**Bond Fund**<br>|
|  | **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>|
| **Realized and Unrealized Gain/(Loss) on Investments** <br> **(Note A):**<br>|  |  |  |  |
| **Net realized gain/(loss) on:** |  |  |  |  |
| Transactions in investment securities of unaffiliated issuers | &nbsp;&nbsp; (7735616)<br>| &nbsp;&nbsp; (2032343)<sup>\*</sup><br>| &nbsp;&nbsp; (1153285)<br>| &nbsp;&nbsp; 1181139 |
| Settlement of bond forward contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Settlement of forward foreign currency contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 420742 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Settlement of foreign currency transactions | &nbsp;&nbsp; — | &nbsp;&nbsp; 14545 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Expiration or closing of futures contracts | &nbsp;&nbsp; (1804546)<br>| &nbsp;&nbsp; (135100)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Expiration or closing of swap contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 16698 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Change in net unrealized appreciation/(depreciation)** <br> **in value of:**<br>|  |  |  |  |
| Investment securities of unaffiliated issuers | &nbsp;&nbsp; 7511284 | &nbsp;&nbsp; 1640419<br> <sup>\*\*</sup><br>| &nbsp;&nbsp; (7955162)<br>| &nbsp;&nbsp; (11276199)<br>|
| Investment securities of affiliated issuers | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Unfunded commitments | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (7317)<br>| &nbsp;&nbsp; — |
| Forward foreign currency contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; (390402)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Bond forward contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Foreign currency translations | &nbsp;&nbsp; (545)<br>| &nbsp;&nbsp; (84545)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Futures contracts | &nbsp;&nbsp; 4886345 | &nbsp;&nbsp; 226899 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Swap contracts | &nbsp;&nbsp; — | &nbsp;&nbsp; 541605 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net gain/(loss) on investments | &nbsp;&nbsp; 2856922 | &nbsp;&nbsp; 218518 | &nbsp;&nbsp; (9115764)<br>| &nbsp;&nbsp; (10095060)<br>|
| Net increase/(decrease) in net assets resulting from <br> operations<br>| &nbsp;&nbsp; $24172222 | &nbsp;&nbsp; $4684947 | &nbsp;&nbsp; $9032707 | &nbsp;&nbsp; $10806037 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Net of foreign capital gains tax of $13,733 for Emerging Markets Debt.

\*\* Change in accrued foreign capital gains tax amounted to $(33026) for Emerging Markets Debt and $(1815) for Strategic Income.

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Municipal** <br>**High Income** <br>**Fund**<br>| **Municipal** <br>**Impact Fund**<br>| **Municipal** <br>**Intermediate** <br>**Bond Fund**<br>| **Strategic** <br>**Income Fund**<br>|
| **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **For the Six** <br>**Months Ended** <br>**April 30,** <br>**2025**<br>|
| (56215)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (126134)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1047966)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19981995)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (377162)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13878394 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1770424 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50476718 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3565983)<br>|
| (1735610)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1013846)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1402666)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19340527<br> <sup>\*\*</sup><br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 111799 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19794497)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 675342 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 702907 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13887610)<br>|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1479092 |
| (1791825)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1139980)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2450632)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30827956 |
| $(572982)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(64485)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $327489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $178302297 |

---

------

Statements of Changes in Net Assets

**Neuberger Berman Income Funds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Core Bond** <br>**Fund** | **Core Bond** <br>**Fund** | **Emerging** <br>**Markets** <br>**Debt Fund** | **Emerging** <br>**Markets** <br>**Debt Fund** |
|  | **Six Months** <br>**Ended**<br>| **Fiscal Year** <br>**Ended**<br>| **Six Months** <br>**Ended**<br>| **Fiscal Year** <br>**Ended**<br>|
|  | **April 30,** <br>**2025** <br>**(Unaudited)**<br>| **October 31,** <br>**2024**<br>| **April 30,** <br>**2025** <br>**(Unaudited)**<br>| **October 31,** <br>**2024**<br>|
| **Increase/(Decrease) in Net Assets:** |  |  |  |  |
| **From Operations (Note A):** |  |  |  |  |
| Net investment income/(loss) | &nbsp;&nbsp; $21315300 | &nbsp;&nbsp; $30940263 | &nbsp;&nbsp; $4466429 | &nbsp;&nbsp; $9920531 |
| Net realized gain/(loss) on investments | &nbsp;&nbsp; (9540162)<br>| &nbsp;&nbsp; (2175316)<br>| &nbsp;&nbsp; (1715458)<br>| &nbsp;&nbsp; (5577166)<br>|
| Change in net unrealized appreciation/(depreciation) of investments | &nbsp;&nbsp; 12397084 | &nbsp;&nbsp; 41127793 | &nbsp;&nbsp; 1933976 | &nbsp;&nbsp; 14961699 |
| Net increase/(decrease) in net assets resulting from operations | &nbsp;&nbsp; 24172222 | &nbsp;&nbsp; 69892740 | &nbsp;&nbsp; 4684947 | &nbsp;&nbsp; 19305064 |
| **Distributions to Shareholders From (Note A):** |  |  |  |  |
| Distributable earnings: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; (241072)<br>| &nbsp;&nbsp; (430088)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; (17737143)<br>| &nbsp;&nbsp; (30705371)<br>| &nbsp;&nbsp; (4527359)<br>| &nbsp;&nbsp; (8044753)<br>|
| Class A | &nbsp;&nbsp; (522921)<br>| &nbsp;&nbsp; (1002430)<br>| &nbsp;&nbsp; (22434)<br>| &nbsp;&nbsp; (30430)<br>|
| Class C | &nbsp;&nbsp; (67329)<br>| &nbsp;&nbsp; (118616)<br>| &nbsp;&nbsp; (18526)<br>| &nbsp;&nbsp; (38419)<br>|
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class R6 | &nbsp;&nbsp; (3813205)<br>| &nbsp;&nbsp; (2166428)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Tax return of capital: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (1359643)<br>|
| Class A | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (5590)<br>|
| Class C | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (8222)<br>|
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class R6 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders | &nbsp;&nbsp; (22381670)<br>| &nbsp;&nbsp; (34422933)<br>| &nbsp;&nbsp; (4568319)<br>| &nbsp;&nbsp; (9487057)<br>|
| **From Fund Share Transactions (Note D):** |  |  |  |  |
| Proceeds from shares sold: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 636416 | &nbsp;&nbsp; 1668469 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; 251726006 | &nbsp;&nbsp; 380831707 | &nbsp;&nbsp; 6504853 | &nbsp;&nbsp; 22910273 |
| Class A | &nbsp;&nbsp; 4537049 | &nbsp;&nbsp; 6215599 | &nbsp;&nbsp; 847430 | &nbsp;&nbsp; 5880639 |
| Class C | &nbsp;&nbsp; 455545 | &nbsp;&nbsp; 1683081 | &nbsp;&nbsp; — | &nbsp;&nbsp; 107000 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class R6 | &nbsp;&nbsp; 37154273 | &nbsp;&nbsp; 120871754 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Proceeds from reinvestment of dividends and distributions: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 219089 | &nbsp;&nbsp; 389570 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; 16544684 | &nbsp;&nbsp; 28574847 | &nbsp;&nbsp; 4440520 | &nbsp;&nbsp; 9295311 |
| Class A | &nbsp;&nbsp; 467790 | &nbsp;&nbsp; 903990 | &nbsp;&nbsp; 19295 | &nbsp;&nbsp; 30163 |
| Class C | &nbsp;&nbsp; 44853 | &nbsp;&nbsp; 87351 | &nbsp;&nbsp; 17966 | &nbsp;&nbsp; 45588 |
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class R6 | &nbsp;&nbsp; 3670955 | &nbsp;&nbsp; 1908745 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Payments for shares redeemed: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; (854271)<br>| &nbsp;&nbsp; (1251485)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; (185263387)<br>| &nbsp;&nbsp; (252113916)<br>| &nbsp;&nbsp; (45392335)<br>| &nbsp;&nbsp; (37750452)<br>|
| Class A | &nbsp;&nbsp; (5398128)<br>| &nbsp;&nbsp; (5703639)<br>| &nbsp;&nbsp; (960339)<br>| &nbsp;&nbsp; (5603681)<br>|
| Class C | &nbsp;&nbsp; (894528)<br>| &nbsp;&nbsp; (496875)<br>| &nbsp;&nbsp; (311762)<br>| &nbsp;&nbsp; (257439)<br>|
| Class R3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class R6 | &nbsp;&nbsp; (12001859)<br>| &nbsp;&nbsp; (9114586)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class E | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Net increase/(decrease) from Fund share transactions | &nbsp;&nbsp; 111044487 | &nbsp;&nbsp; 274454612 | &nbsp;&nbsp; (34834372)<br>| &nbsp;&nbsp; (5342598)<br>|
| **Net Increase/(Decrease) in Net Assets** | &nbsp;&nbsp; 112835039 | &nbsp;&nbsp; 309924419 | &nbsp;&nbsp; (34717744)<br>| &nbsp;&nbsp; 4475409 |
| **Net Assets:** |  |  |  |  |
| Beginning of period  | &nbsp;&nbsp; 922216392 | &nbsp;&nbsp; 612291973 | &nbsp;&nbsp; 147995938 | &nbsp;&nbsp; 143520529 |
| End of period | &nbsp;&nbsp; $1035051431 | &nbsp;&nbsp; $922216392 | &nbsp;&nbsp; $113278194 | &nbsp;&nbsp; $147995938 |

---

See Notes to Financial Statements

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Floating** <br>**Rate Income** <br>**Fund** | **Floating** <br>**Rate Income** <br>**Fund** | **High Income** <br>**Bond Fund** | **High Income** <br>**Bond Fund** | **Municipal** <br>**High Income** <br>**Fund** | **Municipal** <br>**High Income** <br>**Fund** | **Municipal** <br>**Impact Fund** | **Municipal** <br>**Impact Fund** |
| **Six Months** <br>**Ended**<br>| &nbsp;&nbsp; **Fiscal Year** <br>**Ended**<br>| &nbsp;&nbsp; **Six Months** <br>**Ended**<br>| &nbsp;&nbsp; **Fiscal Year** <br>**Ended**<br>| &nbsp;&nbsp; **Six Months** <br>**Ended**<br>| &nbsp;&nbsp; **Fiscal Year** <br>**Ended**<br>| &nbsp;&nbsp; **Six Months** <br>**Ended**<br>| &nbsp;&nbsp; **Fiscal Year** <br>**Ended**<br>|
| **April 30,** <br>**2025** <br>**(Unaudited)**<br>| &nbsp;&nbsp; **October 31,** <br>**2024**<br>| &nbsp;&nbsp; **April 30,** <br>**2025** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Unaudited)**<br>| &nbsp;&nbsp; **October 31,** <br>**2024**<br>| &nbsp;&nbsp; **April 30,** <br>**2025** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Unaudited)**<br>| &nbsp;&nbsp; **October 31,** <br>**2024**<br>| &nbsp;&nbsp; **April 30,** <br>**2025** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Unaudited)**<br>| &nbsp;&nbsp; **October 31,** <br>**2024**<br>|
| $18148471 | &nbsp;&nbsp;&nbsp; $38604127 | &nbsp;&nbsp;&nbsp; $20901097 | &nbsp;&nbsp;&nbsp; $46558313 | &nbsp;&nbsp;&nbsp; $1218843 | &nbsp;&nbsp;&nbsp; $2430964 | &nbsp;&nbsp;&nbsp; $1075495 | &nbsp;&nbsp;&nbsp; $1980672 |
| (1153285)<br>| &nbsp;&nbsp;&nbsp; (5645894)<br>| &nbsp;&nbsp;&nbsp; 1181139 | &nbsp;&nbsp;&nbsp; (13288792)<br>| &nbsp;&nbsp;&nbsp; (56215)<br>| &nbsp;&nbsp;&nbsp; (1765793)<br>| &nbsp;&nbsp;&nbsp; (126134)<br>| &nbsp;&nbsp;&nbsp; (1518166)<br>|
| (7962479)<br>| &nbsp;&nbsp;&nbsp; 13088950 | &nbsp;&nbsp;&nbsp; (11276199)<br>| &nbsp;&nbsp;&nbsp; 66394137 | &nbsp;&nbsp;&nbsp; (1735610)<br>| &nbsp;&nbsp;&nbsp; 8796976 | &nbsp;&nbsp;&nbsp; (1013846)<br>| &nbsp;&nbsp;&nbsp; 5275231 |
| 9032707 | &nbsp;&nbsp;&nbsp; 46047183 | &nbsp;&nbsp;&nbsp; 10806037 | &nbsp;&nbsp;&nbsp; 99663658 | &nbsp;&nbsp;&nbsp; (572982)<br>| &nbsp;&nbsp;&nbsp; 9462147 | &nbsp;&nbsp;&nbsp; (64485)<br>| &nbsp;&nbsp;&nbsp; 5737737 |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1783186)<br>| &nbsp;&nbsp;&nbsp; (3781539)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| (17467254)<br>| &nbsp;&nbsp;&nbsp; (36900955)<br>| &nbsp;&nbsp;&nbsp; (13509620)<br>| &nbsp;&nbsp;&nbsp; (31674126)<br>| &nbsp;&nbsp;&nbsp; (1196554)<br>| &nbsp;&nbsp;&nbsp; (2406052)<br>| &nbsp;&nbsp;&nbsp; (1075920)<br>| &nbsp;&nbsp;&nbsp; (1978613)<br>|
| (494526)<br>| &nbsp;&nbsp;&nbsp; (1317337)<br>| &nbsp;&nbsp;&nbsp; (415407)<br>| &nbsp;&nbsp;&nbsp; (908512)<br>| &nbsp;&nbsp;&nbsp; (17883)<br>| &nbsp;&nbsp;&nbsp; (29187)<br>| &nbsp;&nbsp;&nbsp; (1482)<br>| &nbsp;&nbsp;&nbsp; (2630)<br>|
| (185994)<br>| &nbsp;&nbsp;&nbsp; (407938)<br>| &nbsp;&nbsp;&nbsp; (54749)<br>| &nbsp;&nbsp;&nbsp; (126249)<br>| &nbsp;&nbsp;&nbsp; (1218)<br>| &nbsp;&nbsp;&nbsp; (2643)<br>| &nbsp;&nbsp;&nbsp; (319)<br>| &nbsp;&nbsp;&nbsp; (577)<br>|
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (45132)<br>| &nbsp;&nbsp;&nbsp; (106136)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (4327304)<br>| &nbsp;&nbsp;&nbsp; (8565104)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (826554)<br>| &nbsp;&nbsp;&nbsp; (1426578)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1719)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (14044)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (426)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (67)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (52)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3736)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (579)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| (18147774)<br>| &nbsp;&nbsp;&nbsp; (38626230)<br>| &nbsp;&nbsp;&nbsp; (20961952)<br>| &nbsp;&nbsp;&nbsp; (46608867)<br>| &nbsp;&nbsp;&nbsp; (1215655)<br>| &nbsp;&nbsp;&nbsp; (2437882)<br>| &nbsp;&nbsp;&nbsp; (1077721)<br>| &nbsp;&nbsp;&nbsp; (1981820)<br>|
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1384651 | &nbsp;&nbsp;&nbsp; 2124003 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| 136660417 | &nbsp;&nbsp;&nbsp; 161437810 | &nbsp;&nbsp;&nbsp; 39246452 | &nbsp;&nbsp;&nbsp; 92173990 | &nbsp;&nbsp;&nbsp; 6603986 | &nbsp;&nbsp;&nbsp; 14413402 | &nbsp;&nbsp;&nbsp; 7419588 | &nbsp;&nbsp;&nbsp; 14995928 |
| 10676032 | &nbsp;&nbsp;&nbsp; 29088657 | &nbsp;&nbsp;&nbsp; 13021089 | &nbsp;&nbsp;&nbsp; 34746974 | &nbsp;&nbsp;&nbsp; 303767 | &nbsp;&nbsp;&nbsp; 43724 | &nbsp;&nbsp;&nbsp; 11165 | &nbsp;&nbsp;&nbsp; — |
| 1109916 | &nbsp;&nbsp;&nbsp; 1216300 | &nbsp;&nbsp;&nbsp; 27280 | &nbsp;&nbsp;&nbsp; 99514 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 50655 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 369911 | &nbsp;&nbsp;&nbsp; 403625 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 21979461 | &nbsp;&nbsp;&nbsp; 10118159 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2705192 | &nbsp;&nbsp;&nbsp; 5178920 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1697905 | &nbsp;&nbsp;&nbsp; 3590840 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| 17453132 | &nbsp;&nbsp;&nbsp; 36830767 | &nbsp;&nbsp;&nbsp; 11446050 | &nbsp;&nbsp;&nbsp; 27300259 | &nbsp;&nbsp;&nbsp; 1189328 | &nbsp;&nbsp;&nbsp; 2394190 | &nbsp;&nbsp;&nbsp; 955176 | &nbsp;&nbsp;&nbsp; 1784750 |
| 326964 | &nbsp;&nbsp;&nbsp; 915140 | &nbsp;&nbsp;&nbsp; 309675 | &nbsp;&nbsp;&nbsp; 662791 | &nbsp;&nbsp;&nbsp; 11905 | &nbsp;&nbsp;&nbsp; 17297 | &nbsp;&nbsp;&nbsp; 1165 | &nbsp;&nbsp;&nbsp; 2085 |
| 184509 | &nbsp;&nbsp;&nbsp; 403668 | &nbsp;&nbsp;&nbsp; 50580 | &nbsp;&nbsp;&nbsp; 116391 | &nbsp;&nbsp;&nbsp; 889 | &nbsp;&nbsp;&nbsp; 1999 | &nbsp;&nbsp;&nbsp; 110 | &nbsp;&nbsp;&nbsp; 216 |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 45116 | &nbsp;&nbsp;&nbsp; 106079 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4208625 | &nbsp;&nbsp;&nbsp; 8304819 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 826553 | &nbsp;&nbsp;&nbsp; 1427157 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (3048900)<br>| &nbsp;&nbsp;&nbsp; (9462079)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| (98663861)<br>| &nbsp;&nbsp;&nbsp; (202720999)<br>| &nbsp;&nbsp;&nbsp; (74880145)<br>| &nbsp;&nbsp;&nbsp; (241151770)<br>| &nbsp;&nbsp;&nbsp; (9856834)<br>| &nbsp;&nbsp;&nbsp; (23092957)<br>| &nbsp;&nbsp;&nbsp; (7186747)<br>| &nbsp;&nbsp;&nbsp; (15380877)<br>|
| (11899085)<br>| &nbsp;&nbsp;&nbsp; (30895748)<br>| &nbsp;&nbsp;&nbsp; (12370600)<br>| &nbsp;&nbsp;&nbsp; (35972840)<br>| &nbsp;&nbsp;&nbsp; (92156)<br>| &nbsp;&nbsp;&nbsp; (218598)<br>| &nbsp;&nbsp;&nbsp; (838)<br>| &nbsp;&nbsp;&nbsp; (24800)<br>|
| (332839)<br>| &nbsp;&nbsp;&nbsp; (1784940)<br>| &nbsp;&nbsp;&nbsp; (140576)<br>| &nbsp;&nbsp;&nbsp; (887401)<br>| &nbsp;&nbsp;&nbsp; (15394)<br>| &nbsp;&nbsp;&nbsp; (23297)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (6486)<br>|
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (265510)<br>| &nbsp;&nbsp;&nbsp; (520733)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (16999302)<br>| &nbsp;&nbsp;&nbsp; (21256255)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
|  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (1798517)<br>| &nbsp;&nbsp;&nbsp; (2628163)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| 55515185 | &nbsp;&nbsp;&nbsp; (5509345)<br>| &nbsp;&nbsp;&nbsp; (12185010)<br>| &nbsp;&nbsp;&nbsp; (125525720)<br>| &nbsp;&nbsp;&nbsp; (1854509)<br>| &nbsp;&nbsp;&nbsp; (6413585)<br>| &nbsp;&nbsp;&nbsp; 1199619 | &nbsp;&nbsp;&nbsp; 1370816 |
| 46400118 | &nbsp;&nbsp;&nbsp; 1911608 | &nbsp;&nbsp;&nbsp; (22340925)<br>| &nbsp;&nbsp;&nbsp; (72470929)<br>| &nbsp;&nbsp;&nbsp; (3643146)<br>| &nbsp;&nbsp;&nbsp; 610680 | &nbsp;&nbsp;&nbsp; 57413 | &nbsp;&nbsp;&nbsp; 5126733 |
| 449298707 | &nbsp;&nbsp;&nbsp; 447387099 | &nbsp;&nbsp;&nbsp; 628340418 | &nbsp;&nbsp;&nbsp; 700811347 | &nbsp;&nbsp;&nbsp; 64161876 | &nbsp;&nbsp;&nbsp; 63551196 | &nbsp;&nbsp;&nbsp; 74393565 | &nbsp;&nbsp;&nbsp; 69266832 |
| $495698825 | &nbsp;&nbsp;&nbsp; $449298707 | &nbsp;&nbsp;&nbsp; $605999493 | &nbsp;&nbsp;&nbsp; $628340418 | &nbsp;&nbsp;&nbsp; $60518730 | &nbsp;&nbsp;&nbsp; $64161876 | &nbsp;&nbsp;&nbsp; $74450978 | &nbsp;&nbsp;&nbsp; $74393565 |

---

------

Statements of Changes in Net Assets (cont'd)

**Neuberger Berman Income Funds**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Municipal** <br>**Intermediate** <br>**Bond Fund** | **Municipal** <br>**Intermediate** <br>**Bond Fund** | **Strategic** <br>**Income Fund** | **Strategic** <br>**Income Fund** |
|  | **Six Months** <br>**Ended**<br>| **Fiscal Year** <br>**Ended**<br>| **Six Months** <br>**Ended**<br>| **Fiscal Year** <br>**Ended**<br>|
|  | **April 30,** <br>**2025** <br>**(Unaudited)**<br>| **October 31,** <br>**2024**<br>| **April 30,** <br>**2025** <br>**(Unaudited)**<br>| **October 31,** <br>**2024**<br>|
| **Increase/(Decrease) in Net Assets:** |  |  |  |  |
| **From Operations (Note A):** |  |  |  |  |
| Net investment income/(loss) | &nbsp;&nbsp; $2778121 | &nbsp;&nbsp; $5079590 | &nbsp;&nbsp; $147474341 | &nbsp;&nbsp; $213505954 |
| Net realized gain/(loss) on investments | &nbsp;&nbsp; (1047966)<br>| &nbsp;&nbsp; (489673)<br>| &nbsp;&nbsp; 42200396 | &nbsp;&nbsp; 10905838 |
| Change in net unrealized appreciation/(depreciation) of investments | &nbsp;&nbsp; (1402666)<br>| &nbsp;&nbsp; 10507190 | &nbsp;&nbsp; (11372440)<br>| &nbsp;&nbsp; 313522455 |
| Net increase/(decrease) in net assets resulting from operations | &nbsp;&nbsp; 327489 | &nbsp;&nbsp; 15097107 | &nbsp;&nbsp; 178302297 | &nbsp;&nbsp; 537934247 |
| **Distributions to Shareholders From (Note A):** |  |  |  |  |
| Distributable earnings: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; (119566)<br>| &nbsp;&nbsp; (224865)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (202023)<br>| &nbsp;&nbsp; (367783)<br>|
| Institutional Class | &nbsp;&nbsp; (2639589)<br>| &nbsp;&nbsp; (4704917)<br>| &nbsp;&nbsp; (134598441)<br>| &nbsp;&nbsp; (193893795)<br>|
| Class A | &nbsp;&nbsp; (45684)<br>| &nbsp;&nbsp; (81388)<br>| &nbsp;&nbsp; (4176919)<br>| &nbsp;&nbsp; (6739910)<br>|
| Class C | &nbsp;&nbsp; (11504)<br>| &nbsp;&nbsp; (10349)<br>| &nbsp;&nbsp; (1341605)<br>| &nbsp;&nbsp; (2188734)<br>|
| Class R6 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (18227602)<br>| &nbsp;&nbsp; (26642940)<br>|
| Tax return of capital: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; — | &nbsp;&nbsp; (5681)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Institutional Class | &nbsp;&nbsp; — | &nbsp;&nbsp; (112464)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class A | &nbsp;&nbsp; — | &nbsp;&nbsp; (2251)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Class C | &nbsp;&nbsp; — | &nbsp;&nbsp; (410)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Total distributions to shareholders | &nbsp;&nbsp; (2816343)<br>| &nbsp;&nbsp; (5142325)<br>| &nbsp;&nbsp; (158546590)<br>| &nbsp;&nbsp; (229833162)<br>|
| **From Fund Share Transactions (Note D):** |  |  |  |  |
| Proceeds from shares sold: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 38370 | &nbsp;&nbsp; 633608 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 614290 | &nbsp;&nbsp; 3596662 |
| Institutional Class | &nbsp;&nbsp; 15091348 | &nbsp;&nbsp; 64480244 | &nbsp;&nbsp; 1183040358 | &nbsp;&nbsp; 2398406787 |
| Class A | &nbsp;&nbsp; 833233 | &nbsp;&nbsp; 332461 | &nbsp;&nbsp; 36591878 | &nbsp;&nbsp; 93866019 |
| Class C | &nbsp;&nbsp; 279622 | &nbsp;&nbsp; 812848 | &nbsp;&nbsp; 9912292 | &nbsp;&nbsp; 28184187 |
| Class R6 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 111682271 | &nbsp;&nbsp; 186721516 |
| Proceeds from reinvestment of dividends and distributions: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; 95417 | &nbsp;&nbsp; 183609 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 195044 | &nbsp;&nbsp; 354163 |
| Institutional Class | &nbsp;&nbsp; 2382868 | &nbsp;&nbsp; 4061479 | &nbsp;&nbsp; 119447087 | &nbsp;&nbsp; 169884652 |
| Class A | &nbsp;&nbsp; 25037 | &nbsp;&nbsp; 49494 | &nbsp;&nbsp; 3444444 | &nbsp;&nbsp; 5080305 |
| Class C | &nbsp;&nbsp; 4238 | &nbsp;&nbsp; 5737 | &nbsp;&nbsp; 1222289 | &nbsp;&nbsp; 1976709 |
| Class R6 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18139949 | &nbsp;&nbsp; 26441620 |
| Payments for shares redeemed: |  |  |  |  |
| Investor Class | &nbsp;&nbsp; (616992)<br>| &nbsp;&nbsp; (794879)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| Trust Class | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (2421998)<br>| &nbsp;&nbsp; (1461741)<br>|
| Institutional Class | &nbsp;&nbsp; (18635750)<br>| &nbsp;&nbsp; (64033809)<br>| &nbsp;&nbsp; (631492918)<br>| &nbsp;&nbsp; (1064495999)<br>|
| Class A | &nbsp;&nbsp; (1328569)<br>| &nbsp;&nbsp; (562140)<br>| &nbsp;&nbsp; (43088970)<br>| &nbsp;&nbsp; (60917501)<br>|
| Class C | &nbsp;&nbsp; (73843)<br>| &nbsp;&nbsp; (18856)<br>| &nbsp;&nbsp; (7826345)<br>| &nbsp;&nbsp; (14841839)<br>|
| Class R6 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; (40854141)<br>| &nbsp;&nbsp; (65804691)<br>|
| Net increase/(decrease) from Fund share transactions | &nbsp;&nbsp; (1905021)<br>| &nbsp;&nbsp; 5149796 | &nbsp;&nbsp; 758605530 | &nbsp;&nbsp; 1706990849 |
| **Net Increase/(Decrease) in Net Assets** | &nbsp;&nbsp; (4393875)<br>| &nbsp;&nbsp; 15104578 | &nbsp;&nbsp; 778361237 | &nbsp;&nbsp; 2015091934 |
| **Net Assets:** |  |  |  |  |
| Beginning of period  | &nbsp;&nbsp; 191036227 | &nbsp;&nbsp; 175931649 | &nbsp;&nbsp; 5345864880 | &nbsp;&nbsp; 3330772946 |
| End of period | &nbsp;&nbsp; $186642352 | &nbsp;&nbsp; $191036227 | &nbsp;&nbsp; $6124226117 | &nbsp;&nbsp; $5345864880 |

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See Notes to Financial Statements

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Notes to Financial Statements Income Funds (Unaudited)

Note A—Summary of Significant Accounting Policies:

General: Neuberger Berman Income Funds (the "Trust") is a Delaware statutory trust organized pursuant to an Amended and Restated Trust Instrument dated March 27, 2014. The Trust is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and its shares are registered under the Securities Act of 1933, as amended. Each of Neuberger Berman Core Bond Fund ("Core Bond"), Neuberger Berman Emerging Markets Debt Fund ("Emerging Markets Debt"), Neuberger Berman Floating Rate Income Fund ("Floating Rate Income"), Neuberger Berman High Income Bond Fund ("High Income"), Neuberger Berman Municipal High Income Fund ("Municipal High Income"), Neuberger Berman Municipal Impact Fund ("Municipal Impact"), Neuberger Berman Municipal Intermediate Bond Fund ("Municipal Intermediate Bond") and Neuberger Berman Strategic Income Fund ("Strategic Income") (each individually a "Fund," and collectively, the "Funds") is a separate operating series of the Trust. Each Fund is diversified. Under the 1940 Act, the status of a Fund that was registered as non-diversified may, under certain circumstances, change to that of a diversified fund. Emerging Markets Debt became diversified in March 2022. Three Funds offer Investor Class shares, one offers Trust Class shares, eight offer Institutional Class shares, eight offer Class A shares, eight offer Class C shares, one offers Class R3 shares, three offer Class R6 shares and one offers Class E shares. The Trust's Board of Trustees (the "Board") may establish additional series or classes of shares without the approval of shareholders.

A balance indicated with a "—", reflects either a zero balance or a balance that rounds to less than 1.

The assets of each Fund belong only to that Fund, and the liabilities of each Fund are borne solely by that Fund and no other series of the Trust.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 "Financial Services—Investment Companies."

The preparation of financial statements in accordance with U.S. generally accepted accounting principles ("GAAP") requires Management to make estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates.

Portfolio valuation: In accordance with ASC 820 "Fair Value Measurement" ("ASC 820"), all investments held by each of the Funds are carried at the value that Management believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds' investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Funds' investments in equity securities, closed-end funds and exchange-traded funds ("ETFs"), for which market quotations are readily available, is generally determined by Management by

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obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

The value of the Funds' investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Funds:

*Corporate Bonds.* Inputs used to value corporate debt securities generally include relevant credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available ("Other Market Information").

*U.S. Treasury Obligations.* Inputs used to value U.S. Treasury securities generally include quotes from several inter-dealer brokers and Other Market Information.

*U.S. Government Agency Securities.* Inputs used to value U.S. Government Agency securities generally include obtaining benchmark quotes and Other Market Information.

*Collateralized Loan Obligations (CLOs).* The value of collateralized loan obligations is primarily determined by cash flow data, relevant loan pricing data and market color, and research from market participants and trading desks (Level 2 or 3 inputs).

*Asset-Backed Securities and Mortgage-Backed Securities.* Inputs used to value asset-backed securities and mortgage-backed securities generally include models that consider a number of factors, which may include the following: prepayment speeds, cash flows, spread adjustments and Other Market Information.

*High Yield Securities.* Inputs used to value high yield securities generally include a number of observations of equity and credit default swap curves related to the issuer and Other Market Information.

*Municipal Debt Securities.* Inputs used to value municipal debt securities include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, and specific data on specialty issues.

*Emerging Markets Debt and Foreign Government Securities.* Inputs used to value emerging markets debt and foreign government securities generally include dealer quotes, bond market activity, discounted cash flow models, and other relevant information such as credit spreads, benchmark curves and Other Market Information.

The value of credit linked notes is determined by obtaining a valuation from a calculation agent and is primarily based on the underlying reference security (Level 2 inputs).

The value of loan assignments is determined by Management primarily by obtaining valuations from independent pricing services based on broker quotes (generally Level 2 or Level 3 inputs depending on the number of quotes available).

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The value of futures contracts is determined by Management by obtaining valuations from independent pricing services at the settlement price at the market close (Level 1 inputs).

The value of bond forward contracts ("bond forwards") is determined by Management by obtaining valuations from independent pricing services using a model that considers the current price of the underlying bond and the forward curve (Level 2 inputs).

The value of interest rate swaps is determined by Management primarily by obtaining valuations from independent pricing services based on references to the underlying rates including the local overnight index swap rate and the respective interbank offered forward rate to produce the daily price. The present value is calculated based off of expected cash flows based on swap parameters along with reference to the underlying yield curve and reference rate (Level 2 inputs).

The value of credit default swaps is determined by Management by obtaining valuations from independent pricing services using a model that considers a number of factors, which may include default probabilities, credit curves, recovery rates and cash flows (Level 2 inputs).

The value of inflation swaps is determined by Management primarily by obtaining valuations from independent pricing services based on references to the underlying inflation rates including forward inflation expectation rate and the respective interbank offered forward rate to produce the daily price. The present value is calculated based off of expected cash flows based on swap parameters along with reference to the underlying forward inflation curve and reference rate (Level 2 inputs).

The value of forward foreign currency contracts ("forward FX contracts") is determined by Management by obtaining valuations from independent pricing services based on actual traded currency rates on independent pricing services' networks, along with other traded and quoted currency rates provided to the pricing services by leading market participants (Level 2 inputs).

The value of total return swaps and total return basket swaps is determined by Management by obtaining valuations from independent pricing services using the underlying asset and stated benchmark interest rate (Level 2 inputs).

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value ("NAV") per share (Level 2 inputs), when available.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the 1940 Act, the Board designated Management as the Funds' valuation designee. As the Funds' valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

The value of the Funds' investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time on days the New York Stock Exchange ("NYSE") is open for business. Management has approved the use of ICE Data Services ("ICE") to evaluate the prices of foreign debt

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securities as of the time at which a Fund's share price is calculated. ICE utilizes benchmark spread and yield curves and evaluates available market activity from the local close to the time as of which a Fund's share price is calculated (Level 2 inputs) to assist in determining prices for certain foreign debt securities. In the absence of precise information about the market values of these foreign securities as of the time at which a Fund's share price is calculated, Management has determined based on available data that prices adjusted or evaluated in this way are likely to be closer to the prices a Fund could realize on a current sale than the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

Foreign currency translations: Core Bond, Emerging Markets Debt, Floating Rate Income, High Income and Strategic Income may invest in foreign securities denominated in foreign currencies. The accounting records of the Funds are maintained in U.S. dollars. Foreign currency amounts are normally translated into U.S. dollars using the exchange rate as of 4:00 p.m. Eastern Time, on days the NYSE is open for business, to determine the value of investments, other assets and liabilities. Purchase and sale prices of securities, and income and expenses, are translated into U.S. dollars at the prevailing rate of exchange on the respective dates of such transactions. Net unrealized foreign currency gain/(loss), if any, arises from changes in the value of assets and liabilities, other than investments in securities, as a result of changes in exchange rates and is stated separately in the Statements of Operations.

Securities transactions and investment income: Securities transactions are recorded on trade date for financial reporting purposes. Dividend income is recorded on the ex-dividend date or, for certain foreign dividends, as soon as a Fund becomes aware of the dividends. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Interest income, including accretion of discount (adjusted for original issue discount, where applicable) and amortization of premium, where applicable, is recorded on the accrual basis. Realized gains and losses from securities transactions and foreign currency transactions, if any, are recorded on the basis of identified cost and stated separately in the Statements of Operations. Included in net realized gain/(loss) on investments are proceeds from the settlement of class action litigation(s) in which certain of the Funds participated as a class member. The amounts of such proceeds for the six months ended April 30, 2025, was as follows:

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| | |
|:---|:---|
| **Core Bond** | &nbsp;&nbsp; $268 |
| **Emerging Markets Debt** | &nbsp;&nbsp; 43 |
| **High Income** | &nbsp;&nbsp; 297269 |
| **Strategic Income** | &nbsp;&nbsp; 31023 |

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Income tax information: Each Fund is treated as a separate entity for U.S. federal income tax purposes. It is the policy of each Fund to continue to qualify for treatment as a regulated investment company ("RIC") by complying with the requirements of the U.S. Internal Revenue Code applicable to RICs and to distribute substantially all of its net investment income and net realized capital gains to its shareholders. To the extent a Fund distributes substantially all of its net investment income and net realized capital gains to shareholders, no federal income or excise tax provision is required.

ASC 740 "Income Taxes" sets forth a minimum threshold for financial statement recognition of a tax position taken, or expected to be taken, in a tax return. The Funds recognize interest and penalties, if any, related to unrecognized tax positions as an income tax expense in the Statements of Operations. The Funds are subject to examination by U.S. federal and state tax authorities for returns filed for the tax years for which the applicable statutes of limitations have not yet expired. Management has analyzed each Fund's tax positions taken or expected to be taken on federal and state income tax returns for all open tax years (the current and the prior three tax years) and has concluded that no provision for income tax is required in the Funds' financial statements.

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For federal income tax purposes, the estimated cost and unrealized appreciation/(depreciation) in value of investments held at April 30, 2025 were as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Cost**  | **Gross** <br>**Unrealized** <br>**Appreciation** <br>| **Gross** <br>**Unrealized** <br>**Depreciation** <br>| **Net Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>|
| **Core Bond** | $1073293290 | &nbsp;&nbsp; $12617097 | &nbsp;&nbsp; $23742432 | &nbsp;&nbsp; $(11125335)<br>|
| **Emerging Markets Debt** | 111889888 | &nbsp;&nbsp; 6876229 | &nbsp;&nbsp; 10970952 | &nbsp;&nbsp; (4094723)<br>|
| **Floating Rate Income** | 504344451 | &nbsp;&nbsp; 1373061 | &nbsp;&nbsp; 9802888 | &nbsp;&nbsp; (8429827)<br>|
| **High Income** | 598932621 | &nbsp;&nbsp; 9199302 | &nbsp;&nbsp; 10770168 | &nbsp;&nbsp; (1570866)<br>|
| **Municipal High Income** | 66914242 | &nbsp;&nbsp; 273148 | &nbsp;&nbsp; 7422190 | &nbsp;&nbsp; (7149042)<br>|
| **Municipal Impact** | 76746713 | &nbsp;&nbsp; 114160 | &nbsp;&nbsp; 3092175 | &nbsp;&nbsp; (2978015)<br>|
| **Municipal Intermediate Bond** | 190462097 | &nbsp;&nbsp; 513315 | &nbsp;&nbsp; 7036447 | &nbsp;&nbsp; (6523132)<br>|
| **Strategic Income** | 7287641067 | &nbsp;&nbsp; 68062856 | &nbsp;&nbsp; 172073629 | &nbsp;&nbsp; (104010773)<br>|

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Income distributions and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. These differences are primarily due to differing treatments of income and gains on various investment securities held by each Fund, timing differences and differing characterization of distributions made by each Fund. The Funds may also utilize earnings and profits distributed to shareholders on redemption of their shares as a part of the dividends-paid deduction for income tax purposes.

Any permanent differences resulting from different book and tax treatment are reclassified at year-end and have no impact on net income, NAV or NAV per share of the Funds. For the year ended October 31, 2024, there were no permanent differences requiring a reclassification between total distributable earnings/(losses) and paid-in-capital.

The tax character of distributions paid during the years ended October 31, 2024, and October 31, 2023, was as follows:

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** | **Distributions Paid From:** |
|  | **Ordinary** <br>**Income** | **Ordinary** <br>**Income** | **Tax-Exempt** <br>**Income** | **Tax-Exempt** <br>**Income** | **Long-Term** <br>**Capital Gain** | **Long-Term** <br>**Capital Gain** | **Return of** <br>**Capital** | **Return of** <br>**Capital** | **Total** | **Total** |
|  | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 |
| **Core Bond** | $34422933 | $24911168 | &nbsp;&nbsp; $— | $— | &nbsp;&nbsp; $— | $— | &nbsp;&nbsp; $— | $— | $34422933 | $24911168 |
| **Emerging** <br> **Markets Debt**<br>| 8113602 | 5917993 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | &nbsp;&nbsp; 1373455 | 1806799 | 9487057 | 7724792 |
| **Floating Rate** <br> **Income**<br>| 38626230 | 38761083 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | 38626230 | 38761083 |
| **High Income** | 46588244 | 51264860 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | &nbsp;&nbsp; 20623 |  | 46608867 | 51264860 |
| **Municipal** <br> **High Income**<br>| 29478 | 26844 | &nbsp;&nbsp; 2408404 | 2769496 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | 2437882 | 2796340 |
| **Municipal** <br> **Impact**<br>| 10001 | 6865 | &nbsp;&nbsp; 1971819 | 1545695 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | 1981820 | 1552560 |
| **Municipal** <br> **Intermediate** <br> **Bond**<br>| 1616 | 2443 | &nbsp;&nbsp; 5019903 | 4765305 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; 120806 |  | 5142325 | 4767748 |
| **Strategic** <br> **Income**<br>| 229833162 | 153972713 | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — |  | &nbsp;&nbsp; — | 7689677 | 229833162 | 161662390 |

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As of October 31, 2024, the components of distributable earnings (accumulated losses) on a U.S. federal income tax basis were as follows:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Undistributed** <br>**Ordinary** <br>**Income** <br>| **Undistributed** <br>**Tax-Exempt** <br>**Income**<br>| **Undistributed** <br>**Long-Term** <br>**Capital Gain** <br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)** <br>| **Loss** <br>**Carryforwards** <br>**and Deferrals** <br>| **Other** <br>**Temporary** <br>**Differences** <br>| **Total**  |
| **Core Bond** | $1702576 | $— | $— | $(23523743)<br>| $(87057666)<br>| $(207873)<br>| $(109086706)<br>|
| **Emerging** <br> **Markets Debt**<br>|  |  |  | (6237476)<br>| (43432911)<br>| (24707)<br>| (49695094)<br>|
| **Floating Rate** <br> **Income**<br>| 9566 |  |  | (467348)<br>| (51737983)<br>| (59828)<br>| (52255593)<br>|
| **High Income** |  |  |  | 9705333 | (311172598)<br>| (403042)<br>| (301870307)<br>|
| **Municipal High** <br> **Income**<br>|  | 389616 |  | (5413432)<br>| (10597912)<br>| (9732)<br>| (15631460)<br>|
| **Municipal** <br> **Impact**<br>|  | 8089 |  | (1964169)<br>| (3040188)<br>| (17712)<br>| (5013980)<br>|
| **Municipal** <br> **Intermediate** <br> **Bond**<br>|  |  |  | (5120466)<br>| (5782023)<br>| (50596)<br>| (10953085)<br>|
| **Strategic** <br> **Income**<br>| 7862231 |  |  | (92946230)<br>| (230477838)<br>| (2418904)<br>| (317980741)<br>|

---

The temporary differences between book basis and tax basis distributable earnings are primarily due to: losses disallowed and/or recognized on wash sales and straddles, timing differences of fund level distributions and distribution payments, mark-to-market adjustments on swaps, futures, forward FX contracts and options, amortization of bond premium, defaulted bond adjustments, amortization of organizational expenses, tax adjustments related to swap contracts and treasury inflation protection securities ("TIPS").

To the extent each Fund's net realized capital gains, if any, can be offset by capital loss carryforwards, it is the policy of each Fund not to distribute such gains. Capital loss carryforward rules allow for RICs to carry forward capital losses indefinitely and to retain the character of capital loss carryforwards as short-term or long-term. As determined at October 31, 2024, the following Funds had unused capital loss carryforwards available for federal income tax purposes to offset future net realized capital gains, if any, as follows:

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| | | |
|:---|:---|:---|
|  | **Capital Loss Carryforwards** | **Capital Loss Carryforwards** |
|  | **Long-Term** | **Short-Term** |
| **Core Bond** | $52826350 | &nbsp;&nbsp; $34085320 |
| **Emerging Markets Debt** | 24930983 | &nbsp;&nbsp; 18109142 |
| **Floating Rate Income** | 38256206 | &nbsp;&nbsp; 13481777 |
| **High Income** | 238526972 | &nbsp;&nbsp; 72645626 |
| **Municipal High Income** | 7147438 | &nbsp;&nbsp; 3450474 |
| **Municipal Impact** | 2954700 | &nbsp;&nbsp; 85488 |
| **Municipal Intermediate Bond** | 4613204 | &nbsp;&nbsp; 1168819 |
| **Strategic Income** | 201114351 | &nbsp;&nbsp; 29138090 |

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Foreign taxes: Foreign taxes withheld, if any, represent amounts withheld by foreign tax authorities, net of refunds recoverable.

Foreign capital gains on certain foreign securities may be subject to foreign taxes, which are accrued as applicable. Emerging Markets Debt and Strategic Income accrue capital gains tax on unrealized and realized gains for certain securities. At April 30, 2025, Emerging Markets Debt and Strategic Income had accrued capital gains taxes of $40,408 and $4,027, respectively, which is reflected in the Statements of Assets and Liabilities. For the six months ended April 30, 2025, Emerging Markets Debt had realized capital gains taxes of $13,733, which is reflected in the Statements of Operations.

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As a result of several European Court of Justice ("ECJ") court cases in certain countries across the European Union ("EU"), certain of the Funds that invest in foreign securities may file tax reclaims for previously withheld taxes on dividends earned in those countries ("ECJ tax reclaims"). ECJ tax reclaims are subject to various administrative proceedings by the local jurisdictions' tax authorities within the EU, as well as a number of related judicial proceedings. If an ECJ tax reclaim is "more likely than not" to not be sustained, assuming examination by tax authorities, due to the uncertainty that exists as to the ultimate resolution of these proceedings, the likelihood of receipt of these ECJ tax reclaims, and the potential timing of payment, then no amounts are included in the Statements of Assets and Liabilities. Income recognized, if any, for ECJ tax reclaims would be included in "Interest and other income—unaffiliated issuers" in the Statements of Operations and the cost to file these additional ECJ tax reclaims, if any, would be included in "Miscellaneous and other fees" in the Statements of Operations.

Distributions to shareholders: Each Fund earns income, net of expenses, daily on its investments. Ordinarily, distributions from net investment income are declared on each business day and paid monthly, and distributions from net realized capital gains, if any, are generally distributed once a year (usually in December). Distributions to shareholders are recorded on the ex-date.

Expense allocation: Certain expenses are applicable to multiple funds within a complex of related investment companies. Expenses directly attributable to a fund are charged to that fund. Expenses of the Trust that are not directly attributable to a particular series of the Trust (e.g., a Fund) are allocated among the series of the Trust, on the basis of relative net assets, except where a more appropriate allocation of expenses to each of the series can otherwise be made fairly. Expenses borne by the complex of related investment companies, which includes open-end and closed-end investment companies for which NBIA serves as investment manager, that are not directly attributable to a particular investment company in the complex (e.g., the Trust) or series thereof are allocated among the investment companies in the complex or series thereof on the basis of relative net assets, except where a more appropriate allocation of expenses to each of the investment companies in the complex or series thereof can otherwise be made fairly. Each Fund's expenses (other than those specific to each class) are allocated proportionally each day among its classes based upon the relative net assets of each class.

Investments in foreign securities: Investing in foreign securities may involve sovereign and other risks, in addition to the credit and market risks normally associated with domestic securities. These additional risks include the possibility of adverse political and economic developments (including political instability, nationalization, expropriation, or confiscatory taxation) and the potentially adverse effects of unavailability of public information regarding issuers, less governmental supervision and regulation of financial markets, reduced liquidity of certain financial markets, and the lack of uniform accounting, auditing, and financial reporting standards or the application of standards that are different or less stringent than those applied in the United States. Foreign securities also may experience greater price volatility, higher rates of inflation, and delays in settlement.

Currency exchange rates may fluctuate significantly over short periods of time and can be affected unpredictably by various factors, including investor perception and changes in interest rates; intervention, or failure to intervene, by U.S. or foreign governments, central banks, or supranational entities; or by currency controls or political developments in the U.S. or abroad.

Additional risks include exposure to less developed or less efficient trading markets; social, political, diplomatic, or economic instability; trade barriers and other protectionist trade policies (including those of the U.S.); imposition of economic sanctions against a particular country or countries, organizations, companies, entities and/or individuals; significant government involvement in an economy and/or market structure; fluctuations in foreign currencies or currency redenomination; potential for default on sovereign debt; nationalization or expropriation of assets; settlement, custodial or other operational risks; higher transaction costs; confiscatory withholding or other taxes; and less stringent auditing and accounting, corporate disclosure, governance, and legal standards. To the extent a foreign security is denominated in U.S. dollars, there is also the risk that a foreign government will not let U.S. dollar-denominated assets leave the country.

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The governments of emerging market countries may be more unstable and more likely to impose capital controls, nationalize a company or industry, place restrictions on foreign ownership and on withdrawing sale proceeds of securities from the country, intervene in the financial markets, and/or impose burdensome taxes that could adversely affect security prices.

When-issued/delayed delivery securities: Each Fund may purchase securities with delivery or payment to occur at a later date beyond the normal settlement period. At the time a Fund enters into a commitment to purchase a security, the transaction is recorded and the value of the security is reflected in the NAV. The price of such security and the date when the security will be delivered and paid for are fixed at the time the transaction is negotiated. The value of the security may vary with market fluctuations. No interest accrues to a Fund until payment takes place. When-issued and delayed delivery transactions can have a leverage-like effect on a Fund, which can increase fluctuations in the Fund's NAV. Certain risks may arise upon entering into when-issued or delayed delivery securities transactions from the potential inability of counterparties to meet the terms of their contracts or if the issuer does not issue the securities due to political, economic, or other factors. Additionally, losses may arise due to changes in the value of the underlying securities.

Each Fund may also enter into a TBA (To Be Announced) agreement and "roll over" such agreement prior to the settlement date by selling the obligation to purchase the pools set forth in the agreement and entering into a new TBA agreement for future delivery of pools of mortgage-backed securities. TBA mortgage-backed securities may increase prepayment risks because the underlying mortgages may be less favorable than anticipated by a Fund. Certain transactions will require a Fund or counterparty to post cash and/or securities as collateral for the net mark-to-market exposure to the other party.

Derivative instruments: Certain Funds' use of derivatives during the six months ended April 30, 2025, is described below. Please see the Schedule of Investments for each Fund's open positions in derivatives, if any, at April 30, 2025. The disclosure requirements of ASC 815 "Derivatives and Hedging" ("ASC 815") distinguish between derivatives that qualify for hedge accounting and those that do not. Because investment companies value their derivatives at fair value and recognize changes in fair value through the Statements of Operations, they do not qualify for hedge accounting. Accordingly, even though a Fund's investments in derivatives may represent economic hedges, they are considered non-hedge transactions for purposes of this disclosure.

Rule 18f-4 under the 1940 Act regulates the use of derivatives for certain funds registered under the 1940 Act ("Rule 18f-4"). Unless a Fund qualifies as a "limited derivatives user" as defined in Rule 18f-4, the Fund is subject to a comprehensive derivatives risk management program, is required to comply with certain value-at-risk based leverage limits and is required to provide additional disclosure both publicly and to the SEC regarding its derivatives positions. If a Fund qualifies as a limited derivatives user, Rule 18f-4 requires the Fund to have policies and procedures to manage its aggregate derivatives risk.

Futures contracts: During the six months ended April 30, 2025, Core Bond used futures to manage or adjust the risk profile and investment exposure of the Fund, including to adjust the duration and yield curve exposure of the Fund's portfolio. During the six months ended April 30, 2025, Emerging Markets Debt used futures for economic hedging purposes, including as a maturity or duration management device. During the six months ended April 30, 2025, Strategic Income used futures to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets, currencies or securities, to adjust the duration of the Fund's portfolio and to enhance total return.

Futures contracts may include certain options on exchange-traded futures contracts. At the time a Fund enters into a futures contract, it is required to deposit with the futures commission merchant a specified amount of cash or liquid securities, known as "initial margin," which is a percentage of the value of the futures contract being traded that is set by the exchange upon which the futures contract is traded. Each day, the futures contract is valued at the official settlement price of the board of trade or U.S. commodity exchange on which such futures contract is traded. Subsequent payments, known as "variation margin," to and from the broker are made on a daily basis, or as needed, as the market price of the futures contract fluctuates. Daily variation margin adjustments, arising from this "mark to market," are recorded by a Fund as unrealized gains or losses.

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Although some futures by their terms call for actual delivery or acquisition of the underlying securities or currency, in most cases the contracts are closed out prior to delivery by offsetting purchases or sales of matching futures. When the contracts are closed or expire, a Fund recognizes a gain or loss. Risks of entering into futures contracts include the possibility there may be an illiquid market, possibly at a time of rapidly declining prices, and/or a change in the value of the contract may not correlate with changes in the value of the underlying securities. Futures executed on regulated futures exchanges have minimal counterparty risk to a Fund because the exchange's clearinghouse assumes the position of the counterparty in each transaction. Thus, a Fund is exposed to risk only in connection with the clearinghouse and not in connection with the original counterparty to the transaction.

For U.S. federal income tax purposes, the futures transactions undertaken by a Fund may cause the Fund to recognize gains or losses from marking contracts to market even though its positions have not been sold or terminated, may affect the character of the gains or losses recognized as long-term or short-term, and may affect the timing of some capital gains and losses realized by the Fund. Also, a Fund's losses on transactions involving futures contracts may be deferred rather than being taken into account currently in calculating such Fund's taxable income.

Bond forward contracts: During the six months ended April 30, 2025, Strategic Income used bond forward contracts to obtain economic exposure in the Fund to certain markets and securities. A bond forward is a contractual agreement between a Fund and another party to buy or sell an underlying asset at an agreed-upon future price and date. In a bond forward transaction, no cash premium is paid when the parties enter into the bond forward. If the transaction is collateralized, an exchange of margin collateral will take place according to an agreed-upon schedule. Otherwise, no asset of any kind changes hands until the bond forward matures (typically in 30 days) or is rolled over for another agreed-upon period. Generally, the value of the bond forward will change based on changes in the value of the underlying asset. Bond forwards are subject to market risk (the risk that the market value of the underlying bond may change), non-correlation risk (the risk that the market value of the bond forward might move independently of the market value of the underlying bond) and counterparty credit risk (the risk that a counterparty will be unable to meet its obligation under the contract). If there is no cash exchanged at the time a Fund enters into the bond forward, counterparty risk may be limited to the loss of any marked-to-market profit on the contract and any delays or limitations on the Fund's ability to sell or otherwise use the investments posted as collateral for the bond forward.

Forward foreign currency contracts: During the six months ended April 30, 2025, Emerging Markets Debt used forward FX contracts to manage or adjust views on foreign exchange rate movements and currency exposure, to apply foreign exchange leverage or reduce foreign currency risk, and to gain exposure to markets where the portfolio managers believe these instruments provide better liquidity and value than bonds. During the six months ended April 30, 2025, Strategic Income used forward FX contracts to manage or adjust the risk profile for foreign currency exposures in the Fund, to obtain or reduce economic exposure, to establish net short or long positions for markets or securities and to enhance total return.

A forward FX contract is an agreement between two parties to buy or sell a specific currency for another at a set price on a future date, and is individually negotiated and privately traded by currency traders and their customers in the interbank market. The market value of a forward FX contract fluctuates with changes in forward currency exchange rates. Forward FX contracts are marked to market daily, and the change in value is recorded by a Fund as an unrealized gain or loss. At the consummation of a forward FX contract to purchase or sell currency, a Fund may either exchange the currencies specified at the maturity of the forward FX contract or enter into a closing transaction involving the purchase or sale of an offsetting forward FX contract. Closing transactions with respect to forward FX contracts are usually performed with the counterparty to the original forward FX contract. The gain or loss arising from the difference between the U.S. dollar cost of the original contract and the value of the foreign currency in U.S. dollars upon closing a contract is included in "Net realized gain/(loss) on settlement of forward foreign currency contracts" in the Statements of Operations. These contracts may involve market risk in excess of the unrealized gain or loss reflected in a Fund's Statement of Assets and Liabilities. In addition, a Fund could be exposed to risks associated with fluctuations in foreign currency and the risk the counterparty will fail to fulfill its obligation.

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Credit default swap contracts: During the six months ended April 30, 2025, Emerging Markets Debt used credit default swaps to manage or adjust credit risk of the Fund, to take advantage of the portfolio managers' views on credit risk and market pricing of credit events and in an effort to leverage or reduce risk exposures by selling or buying protection. During the six months ended April 30, 2025, Strategic Income used credit default swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total return. When a Fund is the buyer of a credit default swap contract, it is entitled to receive the notional amount of the swap from the counterparty if a credit event occurs. In return, the Fund pays the counterparty a periodic stream of payments over the term of the contract provided that no credit event has occurred. If no credit event occurs, the Fund would have spent the stream of payments and received no proceeds from the contract. When a Fund is the seller of a credit default swap contract, it receives the stream of payments, but is obligated to pay to the buyer of the protection an amount up to the notional amount of the swap and in certain instances take delivery of securities of the reference entity upon the occurrence of a credit event, as defined under the terms of that particular swap agreement. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring, obligation acceleration and repudiation/moratorium. If a Fund is a seller of protection and a credit event occurs, the maximum potential amount of future payments that the Fund could be required to make (or the risk of loss) would be an amount equal to the notional amount of the agreement. This potential amount would be partially offset by any recovery value of the respective referenced obligation, or net amount received from the settlement of a buy protection credit default swap agreement entered into by the Fund for the same referenced obligation. As the seller, the Fund may add economic leverage to its portfolio because, in addition to its total net assets, the Fund is subject to investment exposure on the notional amount of the swap. The net periodic payments paid or received on the swap contract are accrued daily as a component of unrealized appreciation/(depreciation) and are recorded as realized gain upon receipt or realized loss upon payment. The Fund also records an increase or decrease to unrealized appreciation/(depreciation) in an amount equal to the daily valuation of swaps. For over-the-counter ("OTC") credit default swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. For financial reporting purposes, unamortized upfront payments/(receipts), if any, are netted with unrealized appreciation or (depreciation) and net interest receivable or payable on swap contracts to determine the fair value of swaps.

Interest rate/Inflation swap contracts: During the six months ended April 30, 2025, Emerging Markets Debt used interest rate swaps to manage or adjust interest rate risk of the Fund, to take advantage of the portfolio managers' views on interest rates and market pricing of future monetary policy, to obtain exposure on a maturity horizon where bonds are illiquid or are unavailable, and to obtain leveraged or reduced rate positions. During the six months ended April 30, 2025, Strategic Income used interest rate swaps and inflation swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total return. Under the terms of interest rate/inflation swaps, the Fund agrees to pay the swap counterparty a fixed-rate payment in exchange for the counterparty's paying the Fund a variable-rate payment, or the Fund agrees to pay the swap counterparty a variable-rate payment in exchange for the counterparty's paying the Fund a fixed-rate payment. The fixed-rate and variable-rate payment flows are paid by one party to the other on a periodic basis and netted against each other when applicable. There is no guarantee that these interest rate/inflation swap transactions will be successful in reducing or limiting risk.

Risks may arise if the counterparty to an interest rate/inflation swap contract fails to comply with the terms of its contract. The loss incurred due to the failure of a counterparty is generally limited to the net interest payment to be received by the Fund and/or the termination value at the end of the contract. Additionally, risks may arise if there is no liquid market for these agreements or from movements in interest rates unanticipated by Management.

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Periodic expected interim net interest payments or receipts on the swaps are recorded as an adjustment to unrealized gains/losses, along with the fair value of the future periodic payment or receivable streams on the swaps. The unrealized gains/losses associated with the periodic interim net interest payments or receipts are reclassified to realized gains/losses in conjunction with the actual net payment or receipt of such amounts. For OTC interest rate/inflation swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. The reclassifications do not impact the Fund's total net assets or its total net increase (decrease) in net assets resulting from operations.

Centrally cleared swap contracts: Certain clearinghouses currently offer clearing for limited types of derivative transactions. In a cleared derivative transaction, a Fund typically enters into the transaction with a financial institution counterparty that is then cleared through a central clearinghouse. Upon acceptance of a swap by a central clearinghouse, the original swap is extinguished and replaced with a swap with the clearinghouse, thereby reducing or eliminating the Fund's exposure to the credit risk of the original counterparty. A Fund typically will be required to post specified levels of both initial and variation margin with the clearinghouse or at the instruction of the clearinghouse. The daily change in valuation is recorded as a receivable or payable for variation margin and settled in cash with the central clearing party. For financial reporting purposes, unamortized upfront payments, if any, are netted with unrealized appreciation or depreciation and net interest receivable or payable on swap contracts to determine the fair value of swaps.

Total return basket swap contracts: During the six months ended April 30, 2025, Strategic Income used total return basket swaps to increase returns, reduce risks and for hedging purposes. A Fund may enter into a total return basket swap agreement to obtain exposure to a portfolio of long and short securities. Under the terms of the agreement, the swap is designed to function as a portfolio of direct investments in long and short equity or fixed income positions. The Fund has the ability to trade in and out of long and short positions within the swap and will receive all of the economic benefits and risks equivalent to direct investments in these positions such as: capital appreciation/(depreciation), corporate actions, and dividends and interest received and paid, all of which are reflected in the swap value. The swap value also includes interest charges and credits related to the notional values of the long and short positions and cash balances within the swap. These interest charges and credits are based on defined market rates plus or minus a specified spread and are referred to herein as "financing costs". Positions within the swap are reset periodically, and financing costs are reset according to the terms of the contract. During a reset, any unrealized gains (losses) on positions and accrued financing costs become available for cash settlement between the Fund and the swap counterparty. For OTC total return basket swaps, cash settlement in and out of the swap may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty. A change in the market value of a total return basket swap contract is recognized as a change in unrealized appreciation/(depreciation) on swap contracts in the Statements of Operations. Cash settlements between a Fund and the counterparty are recognized as realized gains (losses) on closing of swap contracts in the Statements of Operations.

Total return swap contracts: During the six months ended April 30, 2025, Strategic Income used total return swaps for economic hedging purposes, to manage or adjust the risk profile and investment exposure of the Fund or individual positions, to obtain or reduce exposure to certain markets, to establish net short or long positions for markets or securities and to enhance total return. Total return swaps involve commitments to pay fixed or floating rate interest in exchange for a market-linked return based on a notional amount. To the extent the total return of the reference security or index underlying the total return swap exceeds or falls short of the offsetting interest rate obligation, a Fund will receive a payment or make a payment to the counterparty, respectively. Certain risks may arise when entering into total return swap transactions, including counterparty default, liquidity or unfavorable changes in the value of the underlying reference security or index. The value of the swap is adjusted daily and the change in value, if any, is recorded as unrealized appreciation or (depreciation) in the Statements of Assets and Liabilities. Payments received or made at the end of each measurement period are recorded as realized gain or loss in the Statements of

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Operations. For OTC total return swaps, cash settlement in and out of the swaps may occur at a reset date or any other date, at the discretion of the Fund and the counterparty, over the life of the agreement, and is generally determined based on limits and thresholds established as part of an agreement between the Fund and the counterparty.

Options: During the six months ended April 30, 2025, Emerging Markets Debt used options purchased to manage or adjust views on foreign currency exposure and foreign currency implied volatility structures, to apply foreign exchange leverage, and to gain exposure to markets where the portfolio managers believe these instruments provide better liquidity and value than bonds or forward foreign currency contracts.

Premiums paid by a Fund upon purchasing a call or put option are recorded in the asset section of the Fund's Statement of Assets and Liabilities and are subsequently adjusted to the current market value. When an option is exercised, closed, or expired, a Fund realizes a gain or loss and the asset is eliminated. For purchased call options, a Fund's loss is limited to the amount of the option premium paid.

Premiums received by a Fund upon writing a call option or a put option are recorded in the liability section of the Fund's Statement of Assets and Liabilities and are subsequently adjusted to the current market value. When an option is exercised, closed, or expired, a Fund realizes a gain or loss and the liability is eliminated.

When writing a covered call option, a Fund, in return for the premium, gives up the opportunity for profit from a price increase in the underlying security above the exercise price, but conversely retains the risk of loss should the price of the security decline. When writing a put option, a Fund, in return for the premium, takes the risk that it must purchase the underlying security at a price that may be higher than the current market price of the security. If a call or put option that a Fund has written expires unexercised a Fund will realize a gain for the amount of the premium. All securities covering outstanding written options are held in escrow by the custodian bank.

At April 30, 2025, the Funds listed below had the following derivatives (which did not qualify as hedging instruments under ASC 815), grouped by primary risk exposure:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Fund** | **Statements of** <br>**Assets and Liabilities** <br>**Location** <br>| **Value** | &nbsp;&nbsp; **Statements of** <br>**Assets and Liabilities** <br>**Location** <br>| **Value** |
| **Core Bond** |  |  |  |  |
| Futures |  |  |  |  |
| Interest rate risk | Receivable/Payable for <br> accumulated variation margin on <br> futures contracts<br>| $4371784 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> futures contracts<br>| $(514257)<br>|
| **Emerging Markets Debt** |  |  |  |  |
| Futures |  |  |  |  |
| Interest rate risk | Receivable/Payable for <br> accumulated variation margin on <br> futures contracts<br>| 173321 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> futures contracts<br>| (27274)<br>|
| Forward FX contracts |  |  |  |  |
| Currency risk  | Receivable for forward foreign <br> currency contracts<br>| 1903365 | &nbsp;&nbsp; Payable for forward foreign <br> currency contracts<br>| (1812349)<br>|
| Centrally cleared swaps |  |  |  |  |
| Interest rate risk | Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| 830469 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| (696083)<br>|
| Credit risk | Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| 67106 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>|  |
| Total centrally cleared swaps |  | 897575 |  | (696083)<br>|

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Asset Derivatives** | **Asset Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| **Fund** | **Statements of**<br> **Assets and Liabilities**<br> **Location** <br>| **Value** | &nbsp;&nbsp; **Statements of**<br> **Assets and Liabilities**<br> **Location** <br>| **Value** |
| **Strategic Income** |  |  |  |  |
| Futures |  |  |  |  |
| Interest rate risk | Receivable/Payable for <br> accumulated variation margin on <br> futures contracts<br>| $3112093 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> futures contracts<br>| $(3034183)<br>|
| Bond forwards |  |  |  |  |
| Interest rate risk | Receivable for bond forward <br> contracts<br>| 378455 | &nbsp;&nbsp; Payable for bond forward <br> contracts<br>|  |
| Forward FX contracts |  |  |  |  |
| Currency risk  | Receivable for forward foreign <br> currency contracts<br>| 3151988 | &nbsp;&nbsp; Payable for forward foreign <br> currency contracts<br>| (13218499)<br>|
| Centrally cleared swaps |  |  |  |  |
| Interest rate risk | Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| 228797 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| (286304)<br>|
| Credit risk | Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| 15681191 | &nbsp;&nbsp; Receivable/Payable for <br> accumulated variation margin on <br> centrally cleared swap contracts<sup>(a)</sup><br>| (18324)<br>|
| Total centrally cleared swaps |  | 15909988 |  | (304628)<br>|
| Over-the-counter swaps |  |  |  |  |
| Credit risk | Over-the-counter swap contracts, <br> at value<sup>(a)</sup><br>| 605141 | &nbsp;&nbsp; Over-the-counter swap contracts, <br> at value<sup>(a)</sup><br>| (970589)<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) "Centrally cleared swaps" and "over-the counter swaps" reflect the cumulative unrealized appreciation/(depreciation) of the centrally cleared swap and over-the-counter swap
 contracts plus accrued interest as of April 30, 2025.

The impact of the use of these derivative instruments on the Statements of Operations during the six months ended April 30, 2025, was as follows:

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| | | |
|:---|:---|:---|
| **Fund** | **Net Realized Gain/** <br>**(Loss) on Derivatives**<sup>(a)</sup> <br>| **Change in Net Unrealized** <br>**Appreciation/** <br>**(Depreciation) on** <br>**Derivatives**<sup>(b)</sup> <br>|
| **Core Bond** |  |  |
| Futures |  |  |
| Interest rate risk | &nbsp;&nbsp; $(1804546)<br>| &nbsp;&nbsp; $4886345 |
| **Emerging Markets Debt** |  |  |
| Futures |  |  |
| Interest rate risk | &nbsp;&nbsp; (135100)<br>| &nbsp;&nbsp; 226899 |
| Forward FX contracts |  |  |
| Currency risk | &nbsp;&nbsp; 420742 | &nbsp;&nbsp; (390402)<br>|
| Swaps |  |  |
| Interest rate risk | &nbsp;&nbsp; 60573 | &nbsp;&nbsp; 505749 |
| Credit risk | &nbsp;&nbsp; (43875)<br>| &nbsp;&nbsp; 35856 |
| Total swaps | &nbsp;&nbsp; 16698 | &nbsp;&nbsp; 541605 |

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| | | |
|:---|:---|:---|
| **Fund** | **Net Realized Gain/**<br> **(Loss) on Derivatives**<sup>(a)</sup><br>| **Change in Net Unrealized**<br> **Appreciation/**<br> **(Depreciation) on**<br> **Derivatives**<sup>(b)</sup><br>|
| Options purchased |  |  |
| Currency risk | &nbsp;&nbsp; $(11781)<br>| &nbsp;&nbsp; $(6211)<br>|
| **Strategic Income** |  |  |
| Futures |  |  |
| Interest rate risk | &nbsp;&nbsp; 50476718 | &nbsp;&nbsp; (13887610)<br>|
| Forward FX contracts |  |  |
| Currency risk | &nbsp;&nbsp; 13878394 | &nbsp;&nbsp; (19794497)<br>|
| Bond forwards |  |  |
| Interest rate risk | &nbsp;&nbsp; (377162)<br>| &nbsp;&nbsp; 675342 |
| Swaps |  |  |
| Interest rate risk | &nbsp;&nbsp; (448550)<br>| &nbsp;&nbsp; (195397)<br>|
| Credit risk | &nbsp;&nbsp; (3117433)<br>| &nbsp;&nbsp; 1674489 |
| Total swaps | &nbsp;&nbsp; (3565983)<br>| &nbsp;&nbsp; 1479092 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Net realized gain/(loss) on derivatives is located in the Statements of Operations
 each under the caption, "Net realized gain/(loss) on:"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| Futures | Expiration or closing of futures contracts |
| Forward FX contracts | Settlement of forward foreign currency contracts |
| Bond Forwards | Settlement of bond forward contracts |
| Swaps | Expiration or closing of swap contracts |
| Options purchased | Transactions in investment securities of unaffiliated issuers |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(b) Change in net unrealized appreciation/(depreciation) is located in the Statements
 of Operations each under the caption, "Change in net unrealized appreciation/(depreciation) in value of:"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| Futures | Futures contracts |
| Forward FX contracts | Forward foreign currency contracts |
| Bond forwards | Bond forward contracts |
| Swaps | Swap contracts |
| Options purchased | Investment securities of unaffiliated issuers |

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While the Funds may receive redeemable preference shares, rights and warrants in connection with their investments in securities, these preference shares, rights and warrants are not considered "derivative instruments" under ASC 815.

Management has concluded that Floating Rate Income, High Income, Municipal High Income, Municipal Impact and Municipal Intermediate Bond did not hold any derivative instruments during the six months ended April 30, 2025 that require additional disclosures pursuant to ASC 815.

Securities lending: Each Fund, using State Street Bank and Trust Company ("State Street") as its lending agent, may loan securities to qualified brokers and dealers in exchange for negotiated lender's fees. These fees, if any, would be disclosed within the Statements of Operations under the caption "Income from securities loaned-net" and are net of expenses retained by State Street as compensation for its services as lending agent.

The initial collateral received by a Fund at the beginning of each transaction shall have a value equal to at least 102% of the prior day's market value of the loaned securities (105% in the case of international securities). Collateral in the form of cash and/or securities issued or guaranteed by the U.S. government or

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its agencies, equivalent to at least 100% of the market value of securities, is maintained at all times. Thereafter, the value of the collateral is monitored on a daily basis, and collateral is moved daily between a counterparty and a Fund until the close of the transaction. Cash collateral is generally invested in a money market fund registered under the 1940 Act that is managed by an affiliate of State Street and is included in the Statements of Assets and Liabilities under the caption "Investments in securities, at value—Unaffiliated issuers." The total value of securities received as collateral for securities on loan is included in a footnote following the applicable Schedule of Investments, but is not included within the Statements of Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. The risks associated with lending portfolio securities include, but are not limited to, possible delays in receiving additional collateral or in the recovery of the loaned securities. Any increase or decrease in the fair value of the securities loaned and any interest earned or dividends paid or owed on those securities during the term of the loan would accrue to that Fund.

During the six months ended April 30, 2025, the Funds did not participate in securities lending.

Offsetting assets and liabilities: The Funds are required to disclose both gross and net information for assets and liabilities related to OTC derivatives, repurchase and reverse repurchase agreements, and securities lending and securities borrowing transactions that are eligible for offset or subject to an enforceable master netting or similar agreement. Emerging Markets Debt and Strategic Income held one or more of these investments at April 30, 2025. The Funds' OTC derivative assets and liabilities at fair value by type are reported gross in the Statements of Assets and Liabilities. The following tables present derivative assets and liabilities by counterparty, net of amounts available for offset under a master netting or similar agreement and net of the related collateral received by a Fund for assets and pledged by a Fund for liabilities as of April 30, 2025.

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| | | |
|:---|:---|:---|
| **Description** | **Gross Amounts of Assets** <br>**Presented in the** <br>**Statements** <br>**of Assets and Liabilities**<br>| **Gross Amounts of Liabilities** <br>**Presented in the** <br>**Statements** <br>**of Assets and Liabilities**<br>|
| **Emerging Markets Debt** | **Emerging Markets Debt** | **Emerging Markets Debt** |
| Forward FX contracts | &nbsp;&nbsp; $1903365 | &nbsp;&nbsp; $(1812349)<br>|
| **Total** | &nbsp;&nbsp; **$1903365** | &nbsp;&nbsp; **$(1812349)**<br>|
| **Strategic Income** | **Strategic Income** | **Strategic Income** |
| Bond Forward Contracts | &nbsp;&nbsp; $378455 | &nbsp;&nbsp; $— |
| Forward FX contracts | &nbsp;&nbsp; 3151988 | &nbsp;&nbsp; (13218499)<br>|
| Over-the-counter swap <br> contracts<br>| &nbsp;&nbsp; 605141 | &nbsp;&nbsp; (970589)<br>|
| **Total** | &nbsp;&nbsp; **$4135584** | &nbsp;&nbsp; **$(14189088)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities:** |
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Counterparty** | **Gross Amounts** <br>**Presented in the** <br>**Statements** <br>**of Assets and** <br>**Liabilities**<br>| **Liabilities** <br>**Available** <br>**for Offset**<br>| **Collateral** <br>**Received**<sup>(a)</sup><br>| **Net** <br>**Amount**<sup>(b)</sup><br>| **Gross Amounts** <br>**Presented in the** <br>**Statements** <br>**of Assets and** <br>**Liabilities**<br>| **Assets** <br>**Available** <br>**for Offset**<br>| **Collateral** <br>**Pledged**<sup>(a)</sup><br>| **Net** <br>**Amount**<sup>(b)</sup><br>|
| **Emerging Markets Debt** | **Emerging Markets Debt** |  |  |  |  |  |  |  |
| BCB | $56351 | $(56351)<br>| $— | $— | $(105284)<br>| $56351 | $— | $(48933)<br>|
| BNP | 93870 | (53494)<br>|  | 40376 | (53494)<br>| 53494 |  |  |
| CITI | 487257 | (404106)<br>|  | 83151 | (404106)<br>| 404106 |  |  |
| DB | 3020 | (3020)<br>|  |  | (15967)<br>| 3020 |  | (12947)<br>|
| GSI | 767384 | (357273)<br>| (120000)<br>| 290111 | (357273)<br>| 357273 |  |  |
| HSBC | 65967 | (6806)<br>|  | 59161 | (6806)<br>| 6806 |  |  |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** | **Gross Amounts Not Offset in the Statements of Assets and Liabilities: (cont'd)** |
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **Counterparty** | **Gross Amounts**<br> **Presented in the**<br> **Statements**<br> **of Assets and**<br> **Liabilities**<br>| **Liabilities**<br> **Available**<br> **for Offset**<br>| **Collateral**<br> **Received**<sup>(a)</sup><br>| **Net**<br> **Amount**<sup>(b)</sup><br>| **Gross Amounts**<br> **Presented in the**<br> **Statements**<br> **of Assets and**<br> **Liabilities**<br>| **Assets**<br> **Available**<br> **for Offset**<br>| **Collateral**<br> **Pledged**<sup>(a)</sup><br>| **Net**<br> **Amount**<sup>(b)</sup><br>|
| JPM | $208413 | $(158455)<br>| $— | $49958 | $(158455)<br>| $158455 | $— | $— |
| MS | 50363 | (27277)<br>|  | 23086 | (27277)<br>| 27277 |  |  |
| SCB | 161252 | (161252)<br>|  |  | (637005)<br>| 161252 |  | (475753)<br>|
| SSB | 9488 | (9488)<br>|  |  | (46682)<br>| 9488 |  | (37194)<br>|
| **Total** | **$1903365** | **$(1237522)**<br>| **$(120000)**<br>| **$545843** | **$(1812349)**<br>| **$1237522** | **$—** | **$(574827)**<br>|
| **Strategic Income** | **Strategic Income** |  |  |  |  |  |  |  |
| BCB | $41910 | $(41910)<br>| $— | $— | $(93733)<br>| $41910 | $51823 | $— |
| BNP | 2 |  |  | 2 |  |  |  |  |
| CITI | 646287 | (646287)<br>|  |  | (6638404)<br>| 646287 | 5992117 |  |
| DB |  |  |  |  | (3824017)<br>|  | 3824017 |  |
| GSI | 1547306 | (1547306)<br>|  |  | (2726127)<br>| 1547306 | 440000 | (738821)<br>|
| HSBC | 109195 | (9482)<br>|  | 99713 | (9482)<br>| 9482 |  |  |
| JPM | 1775333 | (673477)<br>| (690000)<br>| 411856 | (673477)<br>| 673477 |  |  |
| MS |  |  |  |  | (4449)<br>|  |  | (4449)<br>|
| SCB | 15551 | (15551)<br>|  |  | (219399)<br>| 15551 |  | (203848)<br>|
| **Total** | **$4135584** | **$(2934013)**<br>| **$(690000)**<br>| **$511571** | **$(14189088)**<br>| **$2934013** | **$10307957** | **$(947118)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Collateral received (or pledged) is limited to an amount not to exceed 100% of the
 net amount of assets (or liabilities) in the tables presented above, for each respective counterparty.

&nbsp;&nbsp;&nbsp;&nbsp;(b) A net amount greater than zero represents amounts subject to loss as of April 30,
 2025, in the event of a counterparty failure. A net amount less than zero represents amounts under-collateralized
 to each counterparty as of April 30, 2025.

Indemnifications: Like many other companies, the Trust's organizational documents provide that its officers ("Officers") and trustees ("Trustees") are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, both in some of its principal service contracts and in the normal course of its business, the Trust enters into contracts that provide indemnifications to other parties for certain types of losses or liabilities. The Trust's maximum exposure under these arrangements is unknown as this could involve future claims against the Trust or a Fund.

Investment in other funds managed by Neuberger Berman Investment Advisers LLC: Through April 30, 2025, Strategic Income invested in Neuberger Berman Global Monthly Income Fund Ltd and Neuberger Berman Short Duration Income ETF (the "Underlying Funds") via a secondary market transaction (See Note F).

For Strategic Income's investment in the Underlying Funds, NBIA waived a portion of its management fee equal to the management fee it received from the Underlying Funds on those assets (the "Arrangement"). For the six months ended April 30, 2025, management fees waived under this Arrangement are reflected in the Statements of Operations under the caption "Fees waived." For the six months ended April 30, 2025, income earned from the Underlying Funds on Strategic Income's investments, if any, is reflected in the Statements of Operations under the caption "Dividend income-affiliated issuers." For the six months ended

------

April 30, 2025, management fees waived under this Arrangement and distributions from income and capital gains received from Strategic Income's investments in the Underlying Funds were as follows:

---

| | | |
|:---|:---|:---|
|  | **Management** <br>**Fees Waived**<br>| **Distributions from** <br>**Income and** <br>**Capital Gains**<br>|
| **Strategic Income** | $105<br>| &nbsp;&nbsp; $— |

---

Investment company securities and exchange-traded funds: The Funds may invest in shares of other registered investment companies, including ETFs, within the limitations prescribed by the 1940 Act, in reliance on rules adopted by the SEC, particularly Rule 12d1-4 or any other applicable exemptive relief. Rule 12d1-4 permits fund of funds arrangements, and includes (i) limits on control and voting; (ii) required evaluations and findings; (iii) required fund of funds investment agreements; and (iv) limits on complex structures. Shareholders of a Fund will indirectly bear their proportionate share of any management fees and other expenses paid by such other investment companies, in addition to the management fees and expenses of the Fund.

Unfunded loan commitments: The Funds may enter into certain credit agreements all or a portion of which may be unfunded. The Funds are obligated to fund these commitments at the borrower's discretion. As of April 30, 2025, the value of unfunded loan commitments was $1,458,582 for Floating Rate Income, pursuant to the following loan agreements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Floating Rate Income** | **Floating Rate Income** | **Floating Rate Income** |
| **Borrower** | **Principal** <br>**Amount**<br>| **Value** |
| Air Comm Corporation, LLC, Term Loan DD, (3 mo. USD Term SOFR + 1.00%), 1.00%, due 12/11/2031<sup>(a)</sup> <br>| &nbsp;&nbsp; $145385 | &nbsp;&nbsp; $143385 |
| Amspec Parent LLC, Term Loan DD, (3 mo. USD Term SOFR + 1.00%), 1.00%, due 12/22/2031<sup>(a)</sup> <br>| &nbsp;&nbsp; 191333 | &nbsp;&nbsp; 190855 <br><sup>(b)</sup><br>|
| Archkey Solutions LLC, Term Loan DD B, (3 mo. USD Term SOFR + 4.75%), 4.75%, due 11/1/2032<sup>(a)</sup> <br>| &nbsp;&nbsp; 138103 | &nbsp;&nbsp; 137413 |
| Clydesdale Acquisition Holdings Inc., Term Loan DD, (3 mo. USD Term SOFR + 3.25%), due 4/1/2032<sup>(a)</sup> <br>| &nbsp;&nbsp; 40833 | &nbsp;&nbsp; 40471 |
| CohnReznick LLP, Term Loan DD, (3 mo. USD Term SOFR), due 3/31/2032<sup>(a)</sup> <br>| &nbsp;&nbsp; 300752 | &nbsp;&nbsp; 300000 <br><sup>(b)</sup><br>|
| Hanger, Inc., Term Loan DD, (1 mo. USD Term SOFR + 3.50%), 3.50%, due 10/23/2031<sup>(a)</sup> <br>| &nbsp;&nbsp; 154164 | &nbsp;&nbsp; 153669 |
| Kaman Corporation, Term Loan DD, (3 mo. USD Term SOFR + 1.00%), 1.00%, due 2/26/2032<sup>(a)</sup> <br>| &nbsp;&nbsp; 217672 | &nbsp;&nbsp; 214214 |
| Raven Acquisition Holdings LLC, Term Loan DD, (3 mo. USD Term SOFR + 3.25%), 3.25%, due <br> 11/19/2031<sup>(a)</sup> <br>| &nbsp;&nbsp; 149000 | &nbsp;&nbsp; 147297 |
| Sauer Brands Inc., Term Loan DD, (3 mo. USD Term SOFR + 3.25%), due 2/5/2032<sup>(a)</sup> <br>| &nbsp;&nbsp; 131897 | &nbsp;&nbsp; 131278 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Position is a delayed draw term loan which may be partially or fully unfunded. In
 accordance with the underlying credit agreement, the interest rate shown reflects the unfunded rate as
 of April 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Value determined using significant unobservable inputs.

Other: All net investment income and realized and unrealized capital gains and losses of each Fund are allocated, on the basis of relative net assets, pro rata among its respective classes.

Segment reporting: In this reporting period, each Fund adopted FASB Accounting Standards Update No. 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). Adoption of the new standard impacted financial statement disclosures only and did not affect each Fund's financial position or the results of its operations. An operating segment is 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 entity's chief operating decision maker ("CODM") in making resource allocation decisions and assessing segment performance, and for which discrete financial information is available. Each Fund's investment manager acts as the Funds' CODM. The CODM has determined that each Fund has a single operating segment because the CODM monitors the operating results of each Fund as a whole and evaluates performance in accordance with each Fund's principal investment strategies disclosed in its prospectus. The CODM uses these measures to assess Fund performance and allocate resources effectively. Each Fund's total returns, expense ratios, and changes in net

------

assets which among others are used by the CODM to assess Fund performance and to make resource allocation decisions for each Fund's single segment are consistent with that presented within each Fund's financial statements.

Note B—Investment Management Fees, Administration Fees, Distribution Arrangements, and Other Transactions with Affiliates:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Fund retains NBIA as its investment manager under a Management Agreement. For such investment <br> management services, each Fund pays NBIA monthly, an investment management fee at an annual rate as <br> a percentage of average daily net assets according to the following table:  |
|  | **First** <br>**$250** <br>**million**<br>| **Next** <br>**$250** <br>**million**<br>| **Next** <br>**$250** <br>**million**<br>| **Next** <br>**$500** <br>**million**<br>| **Next** <br>**$500** <br>**million**<br>| **Thereafter** |
| **Core Bond** | 0.18<br> %<br>| 0.18<br> %<br>| 0.18<br> %<br>| 0.18<br> %<br>| 0.18<br> %<br>| 0.15<br> %<br>|
| **Emerging Markets Debt** | 0.55<br> %<br>| 0.55<br> %<br>| 0.55<br> %<br>| 0.55<br> %<br>| 0.55<br> %<br>| 0.55<br> %<br>|
| **Floating Rate Income** | 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>|
| **High Income**<sup>(a)</sup> <br>| 0.48<br> %<br>| 0.48<br> %<br>| 0.48<br> %<br>| 0.48<br> %<br>| 0.48<br> %<br>| 0.48<br> %<br>|
| **Municipal High Income** | 0.40<br> %<br>| 0.40<br> %<br>| 0.375<br> %<br>| 0.35<br> %<br>| 0.325<br> %<br>| 0.30<br> %<br>|
| **Municipal Impact** | 0.25<br> %<br>| 0.25<br> %<br>| 0.225<br> %<br>| 0.20<br> %<br>| 0.175<br> %<br>| 0.15<br> %<br>|
| **Municipal Intermediate Bond** | 0.14<br> %<br>| 0.14<br> %<br>| 0.14<br> %<br>| 0.14<br> %<br>| 0.14<br> %<br>| 0.14<br> %<br>|
| **Strategic Income** | 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>| 0.40<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> NBIA has contractually agreed to waive its Class E management fee for the below Fund. This undertaking lasts until October 31, 2026 and may not be terminated during its term without the consent of the Board. Management fees contractually waived pursuant to this waiver for Class E are not subject to recovery by NBIA. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Fund**  | **Annualized** <br>**Percentage of** <br>**Average Daily** <br>**Net Assets** <br>**Waived** <br>| **Effective Date(s)**  | **Management Fees** <br>**Waived for the** <br>**Six Months Ended** <br>**April 30, 2025**<br>|
| **High Income** | 0.48<br> % <br>| &nbsp;&nbsp; 1/11/2022 | &nbsp;&nbsp; $53508 |

---

Accordingly, for the six months ended April 30, 2025, the investment management fee pursuant to the Management Agreement was equivalent to an annual effective rate of each Fund's average daily net assets.

---

| | |
|:---|:---|
|  | **Effective Rate**  |
| **Core Bond** | 0.18<br> %<br>|
| **High Income** | 0.48<br> %<sup>(a)</sup><br>|
| **Municipal High Income** | 0.40<br> %<br>|
| **Municipal Impact** | 0.25<br> %<br>|
| **Strategic Income** | 0.40<br> %<sup>(b)</sup><br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) After waivers, 0.46% annual effective net rate of the Fund's average daily net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(b) After management fee waiver (Note A), 0.40% annual effective net rate of the Fund's
 average daily net assets.

Investment management fee waivers are included in the Statements of Operations under the caption "Fees waived."

Each Fund retains NBIA as its administrator under an Administration Agreement. The administration fee is assessed at the class level and each share class of a Fund, as applicable, pays NBIA monthly, an annual administration fee equal to the following: 0.27% for each of Investor Class, Class A, Class C and Class R3;

------

0.40% for Trust Class of Strategic Income; 0.15% for Institutional Class; and 0.05% for Class R6, each as a percentage of its average daily net assets. Class E shares do not pay an administration fee. Additionally, NBIA retains State Street as its sub-administrator under a Sub-Administration Agreement. NBIA pays State Street a fee for all services received under the Sub-Administration Agreement.

NBIA has contractually agreed to waive fees and/or reimburse certain expenses of the Investor Class, Trust Class, Institutional Class, Class A, Class C, Class R3 and Class R6 of each Fund that offers those classes so that the total annual operating expenses of those classes do not exceed the expense limitations as detailed in the following table. These undertakings exclude interest, brokerage commissions, acquired fund fees and expenses, taxes including any expenses relating to tax reclaims, dividend and interest expenses relating to short sales, and extraordinary expenses, if any (commitment fees relating to borrowings are treated as interest for purposes of this exclusion) ("annual operating expenses"); consequently, net expenses may exceed the contractual expense limitations.

At April 30, 2025, the Funds' contingent liabilities to NBIA under the contractual expense limitation agreements were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Expenses Reimbursed in** <br>**Year Ended October 31,**  | **Expenses Reimbursed in** <br>**Year Ended October 31,**  | **Expenses Reimbursed in** <br>**Year Ended October 31,**  | **Expenses Reimbursed in** <br>**Year Ended October 31,**  |
|  |  |  | **2022** | **2023** | **2024** | **2025** |
|  |  |  | **Subject to Repayment until** <br>**October 31,**  | **Subject to Repayment until** <br>**October 31,**  | **Subject to Repayment until** <br>**October 31,**  | **Subject to Repayment until** <br>**October 31,**  |
| **Class** | **Contractual** <br>**Expense** <br>**Limitation**<sup>(a)</sup><br>| **Expiration**  | **2025** | **2026** | **2027** | **2028** |
| **Core Bond Investor Class** | 0.78<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; $17290 | &nbsp;&nbsp; $14528 | &nbsp;&nbsp; $15647 | &nbsp;&nbsp; $7097 |
| **Core Bond Institutional Class** | 0.38<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 219953 | &nbsp;&nbsp; 232273 | &nbsp;&nbsp; 187968 | &nbsp;&nbsp; 157604 |
| **Core Bond Class A** | 0.78<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 3834 | &nbsp;&nbsp; 3727 | &nbsp;&nbsp; 538 | &nbsp;&nbsp; 1841 |
| **Core Bond Class C** | 1.53<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 511 | &nbsp;&nbsp; 618 | &nbsp;&nbsp; 391 | &nbsp;&nbsp; 430 |
| **Core Bond Class R6** | 0.28<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 4462 | &nbsp;&nbsp; 10361 | &nbsp;&nbsp; 13006 | &nbsp;&nbsp; 33414 |
| **Emerging Markets Debt Institutional Class** | 0.78<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 347064 | &nbsp;&nbsp; 343109 | &nbsp;&nbsp; 334209 | &nbsp;&nbsp; 170624 |
| **Emerging Markets Debt Class A** | 1.15<br> %<sup>(b)</sup><br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 1777 | &nbsp;&nbsp; 1956 | &nbsp;&nbsp; 1872 | &nbsp;&nbsp; 1000 |
| **Emerging Markets Debt Class C** | 1.90<br> %<sup>(b)</sup><br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 1843 | &nbsp;&nbsp; 2016 | &nbsp;&nbsp; 2219 | &nbsp;&nbsp; 411 |
| **Floating Rate Income Institutional Class** | 0.60<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 494544 | &nbsp;&nbsp; 449378 | &nbsp;&nbsp; 361391 | &nbsp;&nbsp; 185082 |
| **Floating Rate Income Class A** | 0.97<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 15422 | &nbsp;&nbsp; 18698 | &nbsp;&nbsp; 17660 | &nbsp;&nbsp; 7481 |
| **Floating Rate Income Class C** | 1.72<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 8329 | &nbsp;&nbsp; 6780 | &nbsp;&nbsp; 5109 | &nbsp;&nbsp; 2556 |
| **High Income Investor Class** | 1.00<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Institutional Class** | 0.75<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Class A** | 1.12<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Class C** | 1.87<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Class R3** | 1.37<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Class R6** | 0.65<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal High Income Institutional Class** | 0.50<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 368149 | &nbsp;&nbsp; 345088 | &nbsp;&nbsp; 337865 | &nbsp;&nbsp; 163713 |
| **Municipal High Income Class A** | 0.87<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 6041 | &nbsp;&nbsp; 4146 | &nbsp;&nbsp; 6904 | &nbsp;&nbsp; 3017 |
| **Municipal High Income Class C** | 1.62<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 2728 | &nbsp;&nbsp; 290 | &nbsp;&nbsp; 1965 | &nbsp;&nbsp; 389 |
| **Municipal Impact Institutional Class** | 0.43<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 315217 | &nbsp;&nbsp; 310517 | &nbsp;&nbsp; 319045 | &nbsp;&nbsp; 151335 |
| **Municipal Impact Class A** | 0.80<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 2788 | &nbsp;&nbsp; 445 | &nbsp;&nbsp; 2185 | &nbsp;&nbsp; 408 |
| **Municipal Impact Class C** | 1.55<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 2471 | &nbsp;&nbsp; 295 | &nbsp;&nbsp; 1565 | &nbsp;&nbsp; 217 |
| **Municipal Intermediate Bond Investor Class** | 0.45<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 22599 | &nbsp;&nbsp; 17677 | &nbsp;&nbsp; 21347 | &nbsp;&nbsp; 9214 |
| **Municipal Intermediate Bond Institutional Class** | 0.30<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 306017 | &nbsp;&nbsp; 308562 | &nbsp;&nbsp; 311393 | &nbsp;&nbsp; 152623 |
| **Municipal Intermediate Bond Class A** | 0.67<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 5749 | &nbsp;&nbsp; 4759 | &nbsp;&nbsp; 7571 | &nbsp;&nbsp; 3705 |
| **Municipal Intermediate Bond Class C** | 1.42<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 4207 | &nbsp;&nbsp; 244 | &nbsp;&nbsp; 2364 | &nbsp;&nbsp; 1681 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Expenses Reimbursed in**<br> **Year Ended October 31,**  | **Expenses Reimbursed in**<br> **Year Ended October 31,**  | **Expenses Reimbursed in**<br> **Year Ended October 31,**  | **Expenses Reimbursed in**<br> **Year Ended October 31,**  |
|  |  |  | **2022** | **2023** | **2024** | **2025** |
|  |  |  | **Subject to Repayment until**<br> **October 31,**  | **Subject to Repayment until**<br> **October 31,**  | **Subject to Repayment until**<br> **October 31,**  | **Subject to Repayment until**<br> **October 31,**  |
| **Class (cont'd)** | **Contractual**<br> **Expense**<br> **Limitation**<sup>(a)</sup><br>| **Expiration**  | **2025** | **2026** | **2027** | **2028** |
| **Strategic Income Trust Class** | 0.94<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; $4533 | &nbsp;&nbsp; $3707 | &nbsp;&nbsp; $5803 | &nbsp;&nbsp; $1369 |
| **Strategic Income Institutional Class** | 0.59<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 27718 | &nbsp;&nbsp; 87652 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Strategic Income Class A** | 0.99<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Strategic Income Class C** | 1.69<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 18239 | &nbsp;&nbsp; 11667 | &nbsp;&nbsp; 8764 | &nbsp;&nbsp; 5427 |
| **Strategic Income Class R6** | 0.49<br> %<br>| &nbsp;&nbsp; 10/31/28 | &nbsp;&nbsp; 26331 | &nbsp;&nbsp; 22907 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Expense limitation per annum of the respective class's average daily net assets.

<sup>(b)</sup> In addition to the contractual undertaking described above, NBIA has voluntarily undertaken to waive fees and/or reimburse certain expenses so that their Operating Expenses, per annum of their respective average daily net assets, are limited to the percentages indicated below. Voluntary reimbursements are not subject to recovery by NBIA and are terminable or subject to modification by NBIA, in its sole discretion, without notice to the Fund. 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
| **Class**  | **Voluntary Expense** <br>**Limitation** <br>| **Effective Date(s)**  | &nbsp;&nbsp; **Fees Voluntarily** <br>**Waived for the Six** <br>**Months Ended April 30,** <br>**2025**<br>|
| **Emerging Markets Debt Class A** | 0.90<br> %<br>| 3/27/25 | $155 |
| **Emerging Markets Debt Class C** | 0.90<br> %<br>| 3/27/25 | 460 |

---

Each Fund has agreed that each of its respective classes will repay NBIA for fees and expenses waived or reimbursed for that class provided that repayment does not cause that class's annual operating expenses to exceed its contractual expense limitation in place at the time the fees and expenses were waived or reimbursed, or the expense limitation in place at the time the Fund repays NBIA, whichever is lower. Any such repayment must be made within three years after the year in which NBIA incurred the expense.

During the six months ended April 30, 2025, the following class(es) repaid NBIA under their respective contractual expense limitation agreement(s) as follows:

---

| | |
|:---|:---|
| **Class**  | **Expenses** <br>**Repaid to** <br>**NBIA** <br>|
| **Strategic Income Institutional Class** | &nbsp;&nbsp; $120766 |
| **Strategic Income Class R6** | &nbsp;&nbsp; 14438 |

---

Neuberger Berman Europe Limited ("NBEL"), as the sub-adviser to Emerging Markets Debt, is retained by NBIA to choose the Fund's investments and handle its day-to-day business for the portion of the Fund's assets allocated to it by NBIA, and receives a monthly fee paid by NBIA. As investment manager, NBIA is responsible for overseeing the investment activities of NBEL. Several individuals who are Officers and/or Trustees of the Trust are also employees of NBEL and/or NBIA.

Each Fund also has a distribution agreement with Neuberger Berman BD LLC (the "Distributor") with respect to each class of shares. The Distributor acts as agent in arranging for the sale of class shares without sales commission or other compensation, except as described below, and bears the advertising and promotion expenses.

However, the Distributor receives fees from Core Bond's Investor Class, Strategic Income's Trust Class, High Income's Class R3, and each Fund's Class A and Class C under their distribution plans (each a "Plan", collectively, the "Plans") pursuant to Rule 12b-1 under the 1940 Act. The Plans provide that, as

------

compensation for administrative and other services provided to these classes, the Distributor's activities and expenses related to the sale and distribution of these classes, and ongoing services provided to investors in these classes, the Distributor receives from each of these respective classes a fee at the annual rate of 0.25% of Core Bond Investor Class', and each Fund's Class A's average daily net assets; 0.10% of Strategic Income Trust Class' average daily net assets; 0.50% of High Income Class R3's average daily net assets; and 1.00% of each Fund's Class C's average daily net assets. The Distributor receives this amount to provide distribution and shareholder servicing for these classes and pays a portion of it to institutions that provide such services. Those institutions may use the payments for, among other purposes, compensating employees engaged in sales and/or shareholder servicing. The amount of fees paid by each class during any year may be more or less than the cost of distribution and other services provided to that class. FINRA rules limit the amount of annual distribution fees that may be paid by a mutual fund and impose a ceiling on the cumulative distribution fees paid. The Trust's Plans comply with those rules. Emerging Markets Debt paid the Distributor fees at the annual rate of 0.25% of Class A's average daily net assets and 1.00% of Class C's average daily net assets. Effective March 27, 2025, Rule 12b-1 fees on all applicable share classes of Emerging Markets Debt were waived. These waivers are included in the Statements of Operations under the caption "Fees waived."

Class A shares of each Fund (except Strategic Income) are generally sold with an initial sales charge of up to 4.25%. Class A shares of Strategic Income are generally sold with an initial sales charge of up to 2.50%. Class A shares of each Fund (except Strategic Income) are generally sold with no contingent deferred sales charge ("CDSC"), except that a CDSC of 1.00% applies to certain redemptions made within 18 months following purchases of $1 million or more without an initial sales charge. Class A shares of Strategic Income are generally sold with no contingent deferred sales charge, except that a CDSC of 0.75% applies to certain redemptions made within 18 months following purchases of $250,000 or more without an initial sales charge. Class C shares of each Fund are sold with no initial sales charge and a 1.00% CDSC if shares are sold within one year after purchase.

For the six months ended April 30, 2025, the Distributor, acting as underwriter and broker-dealer, received net initial sales charges from the purchase of Class A shares and CDSCs from the redemption of Class A and Class C shares as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Underwriter**  | **Underwriter**  | **Broker-Dealer**  | **Broker-Dealer**  |
|  | **Net Initial** <br>**Sales Charge**<br>| **CDSC**  | **Net Initial** <br>**Sales Charge** <br>| **CDSC**  |
| **Core Bond Class A** | &nbsp;&nbsp; $1314 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— |
| **Core Bond Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; 429 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Emerging Markets Debt Class A** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Emerging Markets Debt Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Floating Rate Income Class A** | &nbsp;&nbsp; 635 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Floating Rate Income Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; 250 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Class A** | &nbsp;&nbsp; 19 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **High Income Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; 20 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal High Income Class A** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal High Income Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal Impact Class A** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal Impact Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal Intermediate Bond Class A** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Municipal Intermediate Bond Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Strategic Income Class A** | &nbsp;&nbsp; 54192 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — |
| **Strategic Income Class C** | &nbsp;&nbsp; — | &nbsp;&nbsp; 7948 | &nbsp;&nbsp; — | &nbsp;&nbsp; — |

---

------

Note C—Securities Transactions:

During the six months ended April 30, 2025, there were purchase and sale transactions of long-term securities (excluding swaps, bond forwards, forward FX contracts, futures and options written) as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Purchases of** <br>**U.S. Government** <br>**and Agency** <br>**Obligations** <br>| **Purchases** <br>**excluding** <br>**U.S. Government** <br>**and Agency** <br>**Obligations** <br>| **Sales and** <br>**Maturities** <br>**of** <br>**U.S. Government** <br>**and Agency** <br>**Obligations** <br>| **Sales and** <br>**Maturities** <br>**excluding** <br>**U.S. Government** <br>**and Agency** <br>**Obligations** <br>|
| **Core Bond** | $339917426 | &nbsp;&nbsp; $454112331 | &nbsp;&nbsp; $407169043 | &nbsp;&nbsp; $266522524 |
| **Emerging Markets Debt** |  | &nbsp;&nbsp; 39490786 | &nbsp;&nbsp; — | &nbsp;&nbsp; 68695843 |
| **Floating Rate Income** |  | &nbsp;&nbsp; 236421893 | &nbsp;&nbsp; — | &nbsp;&nbsp; 191737961 |
| **High Income** |  | &nbsp;&nbsp; 207568485 | &nbsp;&nbsp; — | &nbsp;&nbsp; 228200085 |
| **Municipal High Income** |  | &nbsp;&nbsp; 23699361 | &nbsp;&nbsp; — | &nbsp;&nbsp; 26439956 |
| **Municipal Impact** |  | &nbsp;&nbsp; 26564520 | &nbsp;&nbsp; — | &nbsp;&nbsp; 25036470 |
| **Municipal Intermediate Bond** |  | &nbsp;&nbsp; 82713886 | &nbsp;&nbsp; — | &nbsp;&nbsp; 86093545 |
| **Strategic Income** | 6442611617 | &nbsp;&nbsp; 2462013443 | &nbsp;&nbsp; 6076935741 | &nbsp;&nbsp; 1342981470 |

---

During the six months ended April 30, 2025, no brokerage commissions on securities transactions were paid to affiliated brokers.

Note D—Fund Share Transactions:

Share activity for the six months ended April 30, 2025, and for the year ended October 31, 2024, was as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Six Months Ended April 30, 2025** | **For the Six Months Ended April 30, 2025** | **For the Six Months Ended April 30, 2025** | **For the Six Months Ended April 30, 2025** | **For the Year Ended October 31, 2024** | **For the Year Ended October 31, 2024** | **For the Year Ended October 31, 2024** | **For the Year Ended October 31, 2024** |
|  | **Shares** <br>**Sold** <br>| **Shares** <br>**Issued on** <br>**Reinvestment** <br>**of Dividends** <br>**and** <br>**Distributions** <br>| **Shares** <br>**Redeemed** <br>| **Total**  | **Shares** <br>**Sold** <br>| **Shares** <br>**Issued on** <br>**Reinvestment** <br>**of Dividends** <br>**and** <br>**Distributions** <br>| **Shares** <br>**Redeemed** <br>| **Total**  |
| **Core Bond** | **Core Bond** | **Core Bond** |  |  |  |  |  |  |
| Investor <br> Class<br>| 72846 | 24893 | (97046)<br>| 693 | &nbsp;&nbsp; 191040 | 44173 | (142065)<br>| 93148 |
| Institutional <br> Class<br>| 28692139 | 1876103 | (21098202)<br>| 9470040 | &nbsp;&nbsp; 43111535 | 3233692 | (28687334)<br>| 17657893 |
| Class A | 518773 | 53237 | (616172)<br>| (44162)<br>| &nbsp;&nbsp; 710869 | 102675 | (647297)<br>| 166247 |
| Class C | 51934 | 5099 | (102038)<br>| (45005)<br>| &nbsp;&nbsp; 190984 | 9909 | (56168)<br>| 144725 |
| Class R6 | 4217915 | 415981 | (1362387)<br>| 3271509 | &nbsp;&nbsp; 13363206 | 215538 | (1037899)<br>| 12540845 |
| **Emerging Markets Debt** | **Emerging Markets Debt** | **Emerging Markets Debt** |  |  |  |  |  |  |
| Institutional <br> Class<br>| 957271 | 652141 | (6649069)<br>| (5039657)<br>| &nbsp;&nbsp; 3372064 | 1359228 | (5550216)<br>| (818924)<br>|
| Class A | 124641 | 2837 | (141491)<br>| (14013)<br>| &nbsp;&nbsp; 861914 | 4416 | (820814)<br>| 45516 |
| Class C |  | 2642 | (45646)<br>| (43004)<br>| &nbsp;&nbsp; 15682 | 6680 | (37461)<br>| (15099)<br>|
| **Floating Rate Income** | **Floating Rate Income** | **Floating Rate Income** |  |  |  |  |  |  |
| Institutional <br> Class<br>| 14514901 | 1859941 | (10582856)<br>| 5791986 | &nbsp;&nbsp; 17156121 | 3914051 | (21563234)<br>| (493062)<br>|
| Class A | 1131487 | 34802 | (1262454)<br>| (96165)<br>| &nbsp;&nbsp; 3090789 | 97205 | (3281473)<br>| (93479)<br>|
| Class C | 118336 | 19667 | (35636)<br>| 102367 | &nbsp;&nbsp; 129308 | 42910 | (190209)<br>| (17991)<br>|
| **High Income** | **High Income** | **High Income** |  |  |  |  |  |  |
| Investor <br> Class<br>| 183888 | 222544 | (399589)<br>| 6843 | &nbsp;&nbsp; 285832 | 475755 | (1261859)<br>| (500272)<br>|
| Institutional <br> Class<br>| 5157453 | 1499562 | (9907882)<br>| (3250867)<br>| &nbsp;&nbsp; 12298866 | 3614855 | (32083988)<br>| (16170267)<br>|
| Class A | 1726185 | 40589 | (1639901)<br>| 126873 | &nbsp;&nbsp; 4638882 | 87748 | (4790526)<br>| (63896)<br>|
| Class C | 3574 | 6621 | (18530)<br>| (8335)<br>| &nbsp;&nbsp; 13105 | 15407 | (118200)<br>| (89688)<br>|
| Class R3 | 49601 | 5913 | (34493)<br>| 21021 | &nbsp;&nbsp; 53600 | 14039 | (68721)<br>| (1082)<br>|
| Class R6 | 2878455 | 550584 | (2215791)<br>| 1213248 | &nbsp;&nbsp; 1340480 | 1097276 | (2830250)<br>| (392494)<br>|
| Class E | 353414 | 108217 | (236841)<br>| 224790 | &nbsp;&nbsp; 681203 | 188708 | (350474)<br>| 519437 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Six Months Ended April 30, 2025** | **For the Six Months Ended April 30, 2025** | **For the Six Months Ended April 30, 2025** | **For the Six Months Ended April 30, 2025** | **For the Year Ended October 31, 2024** | **For the Year Ended October 31, 2024** | **For the Year Ended October 31, 2024** | **For the Year Ended October 31, 2024** |
|  | **Shares**<br> **Sold** <br>| **Shares**<br> **Issued on**<br> **Reinvestment**<br> **of Dividends**<br> **and**<br> **Distributions** <br>| **Shares**<br> **Redeemed** <br>| **Total**  | **Shares**<br> **Sold** <br>| **Shares**<br> **Issued on**<br> **Reinvestment**<br> **of Dividends**<br> **and**<br> **Distributions** <br>| **Shares**<br> **Redeemed** <br>| **Total**  |
| **Municipal High Income** | **Municipal High Income** | **Municipal High Income** |  |  |  |  |  |  |
| Institutional <br> Class<br>| 698109 | 126250 | (1048816)<br>| (224457)<br>| &nbsp;&nbsp; 1549356 | 256163 | (2496455)<br>| (690936)<br>|
| Class A | 31747 | 1265 | (9690)<br>| 23322 | &nbsp;&nbsp; 4634 | 1853 | (23975)<br>| (17488)<br>|
| Class C |  | 95 | (1677)<br>| (1582)<br>| &nbsp;&nbsp; 5572 | 213 | (2436)<br>| 3349 |
| **Municipal Impact** | **Municipal Impact** | **Municipal Impact** |  |  |  |  |  |  |
| Institutional <br> Class<br>| 459154 | 59136 | (444875)<br>| 73415 | &nbsp;&nbsp; 924641 | 109988 | (948030)<br>| 86599 |
| Class A | 688 | 72 | (52)<br>| 708 | &nbsp;&nbsp; — | 128 | (1559)<br>| (1431)<br>|
| Class C |  | 6 |  | 6 | &nbsp;&nbsp; — | 13 | (398)<br>| (385)<br>|
| **Municipal Intermediate Bond** | **Municipal Intermediate Bond** | **Municipal Intermediate Bond** |  |  |  |  |  |  |
| Investor <br> Class<br>| 3542 | 8710 | (56272)<br>| (44020)<br>| &nbsp;&nbsp; 58205 | 16758 | (72603)<br>| 2360 |
| Institutional <br> Class<br>| 1380019 | 217745 | (1709851)<br>| (112087)<br>| &nbsp;&nbsp; 5919570 | 370994 | (5842282)<br>| 448282 |
| Class A | 75767 | 2286 | (120804)<br>| (42751)<br>| &nbsp;&nbsp; 30544 | 4526 | (51441)<br>| (16371)<br>|
| Class C | 25640 | 388 | (6769)<br>| 19259 | &nbsp;&nbsp; 74384 | 524 | (1713)<br>| 73195 |
| **Strategic Income** | **Strategic Income** | **Strategic Income** |  |  |  |  |  |  |
| Trust Class | 61670 | 19589 | (244394)<br>| (163135)<br>| &nbsp;&nbsp; 360792 | 36101 | (147893)<br>| 249000 |
| Institutional <br> Class<br>| 119202233 | 11988621 | (63639224)<br>| 67551630 | &nbsp;&nbsp; 244641680 | 17317849 | (108895676)<br>| 153063853 |
| Class A | 3680989 | 345380 | (4337674)<br>| (311305)<br>| &nbsp;&nbsp; 9556217 | 517547 | (6228013)<br>| 3845751 |
| Class C | 998840 | 122684 | (787081)<br>| 334443 | &nbsp;&nbsp; 2870812 | 201623 | (1514420)<br>| 1558015 |
| Class R6 | 11231554 | 1822550 | (4118769)<br>| 8935335 | &nbsp;&nbsp; 18862504 | 2699222 | (6741111)<br>| 14820615 |

---

Note E—Line of Credit:

At April 30, 2025, each Fund was a participant in a syndicated committed, unsecured $700,000,000 line of credit (the "Credit Facility"), to be used only for temporary or emergency purposes. Series of other investment companies managed by NBIA also participate in this line of credit on substantially the same terms. Interest is charged on borrowings under this Credit Facility at the highest of (a) a federal funds effective rate plus 1.00% per annum, (b) a daily simple Secured Overnight Financing Rate ("SOFR") plus 1.10% per annum, or (c) an overnight bank funding rate plus 1.00% per annum. The Credit Facility has an annual commitment fee of 0.15% per annum of the available line of credit, which is paid quarterly. Each Fund that is a participant has agreed to pay its pro rata share of the annual commitment fee, based on the ratio of its individual net assets to the net assets of all participants at the time the fee is due, and interest charged on any borrowing made by such Fund and other costs incurred by such Fund. Because several funds participate in the Credit Facility, there is no assurance that an individual fund will have access to all or any part of the $700,000,000 at any particular time. There were no loans outstanding for any Fund under the Credit Facility at April 30, 2025.

During the six months ended April 30, 2025, no Fund utilized the Credit Facility.

------

Note F—Investments in Affiliates<sup>(a)</sup>:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>October 31, <br>2024<br>| Purchases | &nbsp;&nbsp; Sales/ <br>Other <br>Reductions<sup>(b)</sup><br>| Change in <br>Net Unrealized <br>Appreciation/ <br>(Depreciation) <br>from <br>Investments <br>in Affiliated <br>Persons<br>| Net Realized <br>Gain/(Loss) <br>from <br>Investments <br>in Affiliated <br>Persons<br>| Distributions <br>from <br>Investments <br>in Affiliated <br>Persons<sup>(c)</sup><br>| Shares <br>Held at <br>April 30, <br>2025<br>| Value at <br>April 30, <br>2025<br>|
| **Strategic Income** |  |  |  |  |  |  |  |  |
| Neuberger Berman <br> Global Monthly Income <br> Fund Ltd.<br>| $35740 | $— | $(33913) | $35112 | $— | $— | 48204 | $36939 |
| Neuberger Berman Short <br> Duration Income ETF<br>|  | 32055923 |  | 76687 |  |  | 631165 | 32132610 |
| Total for affiliates held <br> as of 4/30/25<sup>(d)</sup><br>| $35740 | $32055923 | $(33913) | $111799 | $— | $— |  | $32169549 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Affiliated persons, as defined in the 1940 Act.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Amount represents a liquidation payment received from Neuberger Berman Global Monthly
 Income Fund Ltd.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Distributions received include distributions from net investment income and net realized
 capital gains, if any, from other investment companies managed by NBIA.

&nbsp;&nbsp;&nbsp;&nbsp;(d) At April 30, 2025, the value of investments in affiliates amounted to 0.1% of net
 assets of Strategic Income.

Note G—Subsequent Event:

On March 27, 2025, the Board approved the conversion of Emerging Markets Debt (the "Mutual Fund") to a newly organized series of Neuberger Berman ETF Trust (the "new ETF"). It is anticipated that the conversion will be effected through the reorganization of Emerging Markets Debt into the new ETF (the "Conversion"). It is anticipated that the Conversion will qualify as a tax-free reorganization under the U.S Internal Revenue Code. After the Conversion, shareholders of the Mutual Fund will hold shares of the new ETF instead of shares of the Mutual Fund. After the Conversion, it is anticipated that the new ETF will continue to invest in emerging markets debt securities utilizing a slightly different principal investment strategy than the Mutual Fund since it will invest primarily in emerging markets debt securities denominated in hard currencies but will continue to be managed by the same key members of the portfolio management team. Prior to the Conversion, existing shareholders of Mutual Fund will receive a combined information statement/prospectus describing in detail both the Conversion and the new ETF involved in the Conversion.

Note H—Unaudited Financial Information:

The financial information included in this interim report is taken from the records of each Fund without audit by an independent registered public accounting firm. Annual reports contain audited financial statements.

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Financial Highlights

The following tables include selected data for a share outstanding throughout each fiscal period and other performance information derived from the Financial Statements. Amounts that do not round to $0.01 or $(0.01) per share are presented as $0.00 or $(0.00), respectively. Ratios that do not round to 0.01% or (0.01)% are presented as 0.00% or (0.00)%, respectively. Net Assets with a zero balance, if any, may reflect actual amounts rounding to less than $0.1 million. A "—" indicates that the line item was not applicable in the corresponding fiscal period.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **Core Bond Fund** | **Core Bond Fund** | **Core Bond Fund** | **Core Bond Fund** | **Core Bond Fund** | **Core Bond Fund** | **Core Bond Fund** | **Core Bond Fund** |
| Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class |
| 4/30/2025 (Unaudited) | $8.82 | $0.18 | $0.02 | $0.20 | $(0.19)<br>| $— | $— |
| 10/31/2024  | $8.28 | $0.33 | $0.58 | $0.91 | $(0.37)<br>| $— | $— |
| 10/31/2023  | $8.61 | $0.32 | $(0.31)<br>| $0.01 | $(0.34)<br>| $— | $— |
| 10/31/2022  | $10.61 | $0.20 | $(1.94)<br>| $(1.74)<br>| $(0.26)<br>| $— | $— |
| 10/31/2021  | $10.91 | $0.13 | $(0.02)<br>| $0.11 | $(0.23)<br>| $(0.18)<br>| $— |
| 10/31/2020  | $10.51 | $0.23 | $0.47 | $0.70 | $(0.30)<br>| $— | $— |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $8.83 | $0.20 | $0.02 | $0.22 | $(0.21)<br>| $— | $— |
| 10/31/2024  | $8.30 | $0.37 | $0.57 | $0.94 | $(0.41)<br>| $— | $— |
| 10/31/2023  | $8.62 | $0.35 | $(0.30)<br>| $0.05 | $(0.37)<br>| $— | $— |
| 10/31/2022  | $10.63 | $0.24 | $(1.96)<br>| $(1.72)<br>| $(0.29)<br>| $— | $— |
| 10/31/2021  | $10.94 | $0.17 | $(0.03)<br>| $0.14 | $(0.27)<br>| $(0.18)<br>| $— |
| 10/31/2020  | $10.53 | $0.27 | $0.49 | $0.76 | $(0.35)<br>| $— | $— |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $8.80 | $0.18 | $0.02 | $0.20 | $(0.19)<br>| $— | $— |
| 10/31/2024  | $8.27 | $0.33 | $0.57 | $0.90 | $(0.37)<br>| $— | $— |
| 10/31/2023  | $8.59 | $0.32 | $(0.30)<br>| $0.02 | $(0.34)<br>| $— | $— |
| 10/31/2022  | $10.60 | $0.20 | $(1.96)<br>| $(1.76)<br>| $(0.25)<br>| $— | $— |
| 10/31/2021  | $10.90 | $0.13 | $(0.02)<br>| $0.11 | $(0.23)<br>| $(0.18)<br>| $— |
| 10/31/2020  | $10.50 | $0.23 | $0.47 | $0.70 | $(0.30)<br>| $— | $— |
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $8.81 | $0.15 | $0.02 | $0.17 | $(0.16)<br>| $— | $— |
| 10/31/2024  | $8.28 | $0.26 | $0.58 | $0.84 | $(0.31)<br>| $— | $— |
| 10/31/2023  | $8.60 | $0.25 | $(0.30)<br>| $(0.05)<br>| $(0.27)<br>| $— | $— |
| 10/31/2022  | $10.61 | $0.13 | $(1.96)<br>| $(1.83)<br>| $(0.18)<br>| $— | $— |
| 10/31/2021  | $10.91 | $0.05 | $(0.02)<br>| $0.03 | $(0.15)<br>| $(0.18)<br>| $— |
| 10/31/2020  | $10.51 | $0.15 | $0.47 | $0.62 | $(0.22)<br>| $— | $— |

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**Turnover** <br>**Rate**<br>|
| $(0.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.83 | &nbsp;&nbsp;&nbsp;&nbsp; 2.34 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.92 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.22 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 72 %<sup>e</sup><br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.82 | &nbsp;&nbsp;&nbsp;&nbsp; 11.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.75<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 156<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.28 | &nbsp;&nbsp;&nbsp;&nbsp; (0.07)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.92<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 159 %<sup>g</sup><br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.61 | &nbsp;&nbsp;&nbsp;&nbsp; (16.65)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.93<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 164 %<sup>g</sup><br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.61 | &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 151 %<sup>g</sup><br>|
| $(0.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.91 | &nbsp;&nbsp;&nbsp;&nbsp; 6.76<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 111 %<sup>g</sup><br>|
| $(0.21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.84 | &nbsp;&nbsp;&nbsp;&nbsp; 2.54 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $832.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.43 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.62 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 72 %<sup>e</sup><br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.83 | &nbsp;&nbsp;&nbsp;&nbsp; 11.40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $748.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.41<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 156<br> %<br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.30 | &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $556.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.01<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 159 %<sup>g</sup><br>|
| $(0.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.62 | &nbsp;&nbsp;&nbsp;&nbsp; (16.37)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $413.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 164 %<sup>g</sup><br>|
| $(0.45)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.63 | &nbsp;&nbsp;&nbsp;&nbsp; 1.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $578.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 151 %<sup>g</sup><br>|
| $(0.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.94 | &nbsp;&nbsp;&nbsp;&nbsp; 7.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $473.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 111 %<sup>g</sup><br>|
| $(0.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.81 | &nbsp;&nbsp;&nbsp;&nbsp; 2.34 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.80 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.21 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 72 %<sup>e</sup><br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.80 | &nbsp;&nbsp;&nbsp;&nbsp; 10.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.75<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 156<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.27 | &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 159 %<sup>g</sup><br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.59 | &nbsp;&nbsp;&nbsp;&nbsp; (16.76)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 164 %<sup>g</sup><br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.60 | &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $22.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 151 %<sup>g</sup><br>|
| $(0.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.90 | &nbsp;&nbsp;&nbsp;&nbsp; 6.76<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 111 %<sup>g</sup><br>|
| $(0.16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.82 | &nbsp;&nbsp;&nbsp;&nbsp; 1.96 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $3.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.56 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.53 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.46 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 72 %<sup>e</sup><br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.81 | &nbsp;&nbsp;&nbsp;&nbsp; 10.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3.9 | &nbsp;&nbsp;&nbsp;&nbsp; 1.54<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 156<br> %<br>|
| $(0.27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.28 | &nbsp;&nbsp;&nbsp;&nbsp; (0.70)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 159 %<sup>g</sup><br>|
| $(0.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.60 | &nbsp;&nbsp;&nbsp;&nbsp; (17.37)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.58<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.33<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 164 %<sup>g</sup><br>|
| $(0.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.61 | &nbsp;&nbsp;&nbsp;&nbsp; 0.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.57<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 151 %<sup>g</sup><br>|
| $(0.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.91 | &nbsp;&nbsp;&nbsp;&nbsp; 5.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 111 %<sup>g</sup><br>|

---

------

Financial Highlights (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **Core Bond Fund (cont'd)** |  |  |  |  |  |  |  |
| Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 |
| 4/30/2025 (Unaudited) | $8.84 | $0.21 | $0.02 | $0.23 | $(0.22)<br>| $— | $— |
| 10/31/2024  | $8.30 | $0.37 | $0.59 | $0.96 | $(0.42)<br>| $— | $— |
| 10/31/2023  | $8.62 | $0.36 | $(0.30)<br>| $0.06 | $(0.38)<br>| $— | $— |
| 10/31/2022  | $10.63 | $0.26 | $(1.97)<br>| $(1.71)<br>| $(0.30)<br>| $— | $— |
| 10/31/2021  | $10.94 | $0.18 | $(0.03)<br>| $0.15 | $(0.28)<br>| $(0.18)<br>| $— |
| 10/31/2020  | $10.53 | $0.28 | $0.49 | $0.77 | $(0.36)<br>| $— | $— |
| **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** | **Emerging Markets Debt Fund** |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $6.86 | $0.22 | $0.02 | $0.24 | $(0.23)<br>| $— | $— |
| 10/31/2024  | $6.41 | $0.45 | $0.43 | $0.88 | $(0.37)<br>| $— | $(0.06)<br>|
| 10/31/2023  | $6.10 | $0.39 | $0.31 | $0.70 | $(0.30)<br>| $— | $(0.09)<br>|
| 10/31/2022  | $8.15 | $0.35 | $(2.06)<br>| $(1.71)<br>| $(0.20)<br>| $— | $(0.14)<br>|
| 10/31/2021  | $8.20 | $0.35 | $(0.06)<br>| $0.29 | $(0.34)<br>| $— | $— |
| 10/31/2020  | $8.63 | $0.39 | $(0.45)<br>| $(0.06)<br>| $(0.13)<br>| $— | $(0.24)<br>|
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $6.85 | $0.21 | $0.01 | $0.22 | $(0.21)<br>| $— | $— |
| 10/31/2024  | $6.41 | $0.42 | $0.42 | $0.84 | $(0.34)<br>| $— | $(0.06)<br>|
| 10/31/2023  | $6.09 | $0.37 | $0.31 | $0.68 | $(0.27)<br>| $— | $(0.09)<br>|
| 10/31/2022  | $8.14 | $0.32 | $(2.06)<br>| $(1.74)<br>| $(0.17)<br>| $— | $(0.14)<br>|
| 10/31/2021  | $8.19 | $0.31 | $(0.05)<br>| $0.26 | $(0.31)<br>| $— | $— |
| 10/31/2020  | $8.62 | $0.36 | $(0.45)<br>| $(0.09)<br>| $(0.10)<br>| $— | $(0.24)<br>|
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $6.85 | $0.19 | $0.01 | $0.20 | $(0.19)<br>| $— | $— |
| 10/31/2024  | $6.41 | $0.37 | $0.42 | $0.79 | $(0.29)<br>| $— | $(0.06)<br>|
| 10/31/2023  | $6.09 | $0.32 | $0.31 | $0.63 | $(0.22)<br>| $— | $(0.09)<br>|
| 10/31/2022  | $8.14 | $0.27 | $(2.06)<br>| $(1.79)<br>| $(0.12)<br>| $— | $(0.14)<br>|
| 10/31/2021  | $8.20 | $0.25 | $(0.06)<br>| $0.19 | $(0.25)<br>| $— | $— |
| 10/31/2020  | $8.62 | $0.29 | $(0.43)<br>| $(0.14)<br>| $(0.04)<br>| $— | $(0.24)<br>|
| **Floating Rate Income Fund** | **Floating Rate Income Fund** | **Floating Rate Income Fund** | **Floating Rate Income Fund** | **Floating Rate Income Fund** | **Floating Rate Income Fund** | **Floating Rate Income Fund** | **Floating Rate Income Fund** |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $9.43 | $0.34 | $(0.16)<br>| $0.18 | $(0.34)<br>| $— | $— |
| 10/31/2024  | $9.27 | $0.81 | $0.16 | $0.97 | $(0.81)<br>| $— | $— |
| 10/31/2023  | $9.05 | $0.79 | $0.23 | $1.02 | $(0.80)<br>| $— | $— |
| 10/31/2022  | $9.80 | $0.48 | $(0.77)<br>| $(0.29)<br>| $(0.46)<br>| $— | $— |
| 10/31/2021  | $9.40 | $0.36 | $0.40 | $0.76 | $(0.36)<br>| $— | $— |
| 10/31/2020  | $9.55 | $0.41 | $(0.15)<br>| $0.26 | $(0.41)<br>| $— | $(0.00)<br>|

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**Turnover** <br>**Rate**<br>|
| $(0.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.85 | &nbsp;&nbsp;&nbsp;&nbsp; 2.59 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $164.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.33 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.73 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 72 %<sup>e</sup><br>|
| $(0.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.84 | &nbsp;&nbsp;&nbsp;&nbsp; 11.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $135.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.31<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 156<br> %<br>|
| $(0.38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.30 | &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 159 %<sup>g</sup><br>|
| $(0.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.62 | &nbsp;&nbsp;&nbsp;&nbsp; (16.29)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 164 %<sup>g</sup><br>|
| $(0.46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.63 | &nbsp;&nbsp;&nbsp;&nbsp; 1.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.33<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 151 %<sup>g</sup><br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.94 | &nbsp;&nbsp;&nbsp;&nbsp; 7.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.37<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 111 %<sup>g</sup><br>|
| $(0.23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.87 | &nbsp;&nbsp;&nbsp;&nbsp; 3.50 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $112.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.04 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.53 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 32 %<sup>e</sup><br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.86 | &nbsp;&nbsp;&nbsp;&nbsp; 13.92<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $146.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.01<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 60<br> %<br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.41 | &nbsp;&nbsp;&nbsp;&nbsp; 11.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $142.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 66<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.10 | &nbsp;&nbsp;&nbsp;&nbsp; (21.48)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $103.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.91<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 55<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.15 | &nbsp;&nbsp;&nbsp;&nbsp; 3.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $222.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.96<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.08<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.20 | &nbsp;&nbsp;&nbsp;&nbsp; (0.62)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $153.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.79 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 86<br> %<br>|
| $(0.21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.86 | &nbsp;&nbsp;&nbsp;&nbsp; 3.35 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.7 | &nbsp;&nbsp;&nbsp;&nbsp; 1.48 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.16 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 32 %<sup>e</sup><br>|
| $(0.40)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.85 | &nbsp;&nbsp;&nbsp;&nbsp; 13.24<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 60<br> %<br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.41 | &nbsp;&nbsp;&nbsp;&nbsp; 11.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.54<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 66<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.09 | &nbsp;&nbsp;&nbsp;&nbsp; (21.82)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 55<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.14 | &nbsp;&nbsp;&nbsp;&nbsp; 3.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.19 | &nbsp;&nbsp;&nbsp;&nbsp; (1.01)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.16 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.33<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 86<br> %<br>|
| $(0.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.86 | &nbsp;&nbsp;&nbsp;&nbsp; 3.04 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.5 | &nbsp;&nbsp;&nbsp;&nbsp; 2.18 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.76 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.58 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 32 %<sup>e</sup><br>|
| $(0.35)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.85 | &nbsp;&nbsp;&nbsp;&nbsp; 12.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.8 | &nbsp;&nbsp;&nbsp;&nbsp; 2.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 60<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.41 | &nbsp;&nbsp;&nbsp;&nbsp; 10.31<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.8 | &nbsp;&nbsp;&nbsp;&nbsp; 2.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.91<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 66<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.09 | &nbsp;&nbsp;&nbsp;&nbsp; (22.39)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.6 | &nbsp;&nbsp;&nbsp;&nbsp; 2.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.91<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 55<br> %<br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.14 | &nbsp;&nbsp;&nbsp;&nbsp; 2.21<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.6 | &nbsp;&nbsp;&nbsp;&nbsp; 2.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.91<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.95<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.20 | &nbsp;&nbsp;&nbsp;&nbsp; (1.62)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.5 | &nbsp;&nbsp;&nbsp;&nbsp; 2.16<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.91 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.52<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 86<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.27 | &nbsp;&nbsp;&nbsp;&nbsp; 1.95 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $476.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.68 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.36 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 40 %<sup>e</sup><br>|
| $(0.81)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.43 | &nbsp;&nbsp;&nbsp;&nbsp; 10.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $429.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 76<br> %<br>|
| $(0.80)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.27 | &nbsp;&nbsp;&nbsp;&nbsp; 11.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $426.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 52<br> %<br>|
| $(0.46)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.05 | &nbsp;&nbsp;&nbsp;&nbsp; (2.96)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $444.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 46<br> %<br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.80 | &nbsp;&nbsp;&nbsp;&nbsp; 8.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $341.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.40 | &nbsp;&nbsp;&nbsp;&nbsp; 2.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $149.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.93<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.41<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 81<br> %<br>|

---

------

Financial Highlights (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **Floating Rate Income Fund (cont'd)** |  |  |  |  |  |  |  |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $9.43 | $0.33 | $(0.16)<br>| $0.17 | $(0.33)<br>| $— | $— |
| 10/31/2024  | $9.27 | $0.77 | $0.17 | $0.94 | $(0.78)<br>| $— | $— |
| 10/31/2023  | $9.05 | $0.76 | $0.23 | $0.99 | $(0.77)<br>| $— | $— |
| 10/31/2022  | $9.80 | $0.43 | $(0.75)<br>| $(0.32)<br>| $(0.43)<br>| $— | $— |
| 10/31/2021  | $9.40 | $0.32 | $0.40 | $0.72 | $(0.32)<br>| $— | $— |
| 10/31/2020  | $9.55 | $0.37 | $(0.15)<br>| $0.22 | $(0.37)<br>| $— | $(0.00)<br>|
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $9.42 | $0.29 | $(0.15)<br>| $0.14 | $(0.29)<br>| $— | $— |
| 10/31/2024  | $9.27 | $0.70 | $0.15 | $0.85 | $(0.70)<br>| $— | $— |
| 10/31/2023  | $9.05 | $0.69 | $0.23 | $0.92 | $(0.70)<br>| $— | $— |
| 10/31/2022  | $9.79 | $0.36 | $(0.74)<br>| $(0.38)<br>| $(0.36)<br>| $— | $— |
| 10/31/2021  | $9.40 | $0.25 | $0.39 | $0.64 | $(0.25)<br>| $— | $— |
| 10/31/2020  | $9.55 | $0.31 | $(0.16)<br>| $0.15 | $(0.30)<br>| $— | $(0.00)<br>|
| **High Income Bond Fund** | **High Income Bond Fund** | **High Income Bond Fund** | **High Income Bond Fund** | **High Income Bond Fund** | **High Income Bond Fund** | **High Income Bond Fund** | **High Income Bond Fund** |
| Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class |
| 4/30/2025 (Unaudited) | $7.65 | $0.25 | $(0.12)<br>| $0.13 | $(0.25)<br>| $— | $— |
| 10/31/2024  | $7.09 | $0.52 | $0.56 | $1.08 | $(0.52)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.28 | $0.48 | $(0.19)<br>| $0.29 | $(0.48)<br>| $— | $— |
| 10/31/2022  | $8.68 | $0.40 | $(1.39)<br>| $(0.99)<br>| $(0.41)<br>| $— | $— |
| 10/31/2021  | $8.33 | $0.40 | $0.36 | $0.76 | $(0.41)<br>| $— | $— |
| 10/31/2020  | $8.52 | $0.41 | $(0.18)<br>| $0.23 | $(0.42)<br>| $— | $— |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $7.66 | $0.26 | $(0.12)<br>| $0.14 | $(0.26)<br>| $— | $— |
| 10/31/2024  | $7.10 | $0.53 | $0.56 | $1.09 | $(0.53)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.29 | $0.50 | $(0.19)<br>| $0.31 | $(0.50)<br>| $— | $— |
| 10/31/2022  | $8.69 | $0.41 | $(1.39)<br>| $(0.98)<br>| $(0.42)<br>| $— | $— |
| 10/31/2021  | $8.34 | $0.42 | $0.36 | $0.78 | $(0.43)<br>| $— | $— |
| 10/31/2020  | $8.53 | $0.43 | $(0.19)<br>| $0.24 | $(0.43)<br>| $— | $— |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $7.65 | $0.24 | $(0.12)<br>| $0.12 | $(0.24)<br>| $— | $— |
| 10/31/2024  | $7.09 | $0.50 | $0.56 | $1.06 | $(0.50)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.28 | $0.47 | $(0.19)<br>| $0.28 | $(0.47)<br>| $— | $— |
| 10/31/2022  | $8.68 | $0.38 | $(1.39)<br>| $(1.01)<br>| $(0.39)<br>| $— | $— |
| 10/31/2021  | $8.33 | $0.38 | $0.36 | $0.74 | $(0.39)<br>| $— | $— |
| 10/31/2020  | $8.52 | $0.39 | $(0.19)<br>| $0.20 | $(0.39)<br>| $— | $— |

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**Turnover** <br>**Rate**<br>|
| $(0.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.27 | &nbsp;&nbsp;&nbsp;&nbsp; 1.76 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.08 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.97 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 40 %<sup>e</sup><br>|
| $(0.78)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.43 | &nbsp;&nbsp;&nbsp;&nbsp; 10.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.2 | &nbsp;&nbsp;&nbsp;&nbsp; 1.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.98 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.21<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 76<br> %<br>|
| $(0.77)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.27 | &nbsp;&nbsp;&nbsp;&nbsp; 11.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 8.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 52<br> %<br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.05 | &nbsp;&nbsp;&nbsp;&nbsp; (3.33)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 46<br> %<br>|
| $(0.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.80 | &nbsp;&nbsp;&nbsp;&nbsp; 7.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.6 | &nbsp;&nbsp;&nbsp;&nbsp; 1.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.40 | &nbsp;&nbsp;&nbsp;&nbsp; 2.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.07<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 81<br> %<br>|
| $(0.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.27 | &nbsp;&nbsp;&nbsp;&nbsp; 1.49 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.81 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.72 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.25 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 40 %<sup>e</sup><br>|
| $(0.70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.42 | &nbsp;&nbsp;&nbsp;&nbsp; 9.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5.6 | &nbsp;&nbsp;&nbsp;&nbsp; 1.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.73 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 76<br> %<br>|
| $(0.70)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.27 | &nbsp;&nbsp;&nbsp;&nbsp; 10.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5.7 | &nbsp;&nbsp;&nbsp;&nbsp; 1.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 52<br> %<br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.05 | &nbsp;&nbsp;&nbsp;&nbsp; (3.97)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.7 | &nbsp;&nbsp;&nbsp;&nbsp; 1.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.72 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 46<br> %<br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.79 | &nbsp;&nbsp;&nbsp;&nbsp; 6.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.2 | &nbsp;&nbsp;&nbsp;&nbsp; 1.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.75<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.54<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.40 | &nbsp;&nbsp;&nbsp;&nbsp; 1.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5.6 | &nbsp;&nbsp;&nbsp;&nbsp; 2.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 81<br> %<br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.53 | &nbsp;&nbsp;&nbsp;&nbsp; 1.71 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $54.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.88 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.60 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.65 | &nbsp;&nbsp;&nbsp;&nbsp; 15.52<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $54.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.09 | &nbsp;&nbsp;&nbsp;&nbsp; 4.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $54.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.28 | &nbsp;&nbsp;&nbsp;&nbsp; (11.62)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $61.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.68 | &nbsp;&nbsp;&nbsp;&nbsp; 9.21<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $73.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98<br> %<br>|
| $(0.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.33 | &nbsp;&nbsp;&nbsp;&nbsp; 2.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $76.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 115<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.54 | &nbsp;&nbsp;&nbsp;&nbsp; 1.79 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $381.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.72 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.72 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.76 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.66 | &nbsp;&nbsp;&nbsp;&nbsp; 15.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $412.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.03<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.10 | &nbsp;&nbsp;&nbsp;&nbsp; 4.20<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $497.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.76<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.29 | &nbsp;&nbsp;&nbsp;&nbsp; (11.46)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $617.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.71 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.69 | &nbsp;&nbsp;&nbsp;&nbsp; 9.38<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1120.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.69 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98<br> %<br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.34 | &nbsp;&nbsp;&nbsp;&nbsp; 3.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1148.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 115<br> %<br>|
| $(0.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.53 | &nbsp;&nbsp;&nbsp;&nbsp; 1.59 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.12 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.43 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.65 | &nbsp;&nbsp;&nbsp;&nbsp; 15.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.10<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.47)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.09 | &nbsp;&nbsp;&nbsp;&nbsp; 3.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.28 | &nbsp;&nbsp;&nbsp;&nbsp; (11.85)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $13.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12 %<sup>i,j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.76<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.68 | &nbsp;&nbsp;&nbsp;&nbsp; 8.91<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.2 | &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98<br> %<br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.33 | &nbsp;&nbsp;&nbsp;&nbsp; 2.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $18.2 | &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.12 %<sup>j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 115<br> %<br>|

---

------

Financial Highlights (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **High Income Bond Fund (cont'd)** |  |  |  |  |  |  |  |
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $7.66 | $0.21 | $(0.12)<br>| $0.09 | $(0.21)<br>| $— | $— |
| 10/31/2024  | $7.10 | $0.44 | $0.56 | $1.00 | $(0.44)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.30 | $0.41 | $(0.20)<br>| $0.21 | $(0.41)<br>| $— | $— |
| 10/31/2022  | $8.70 | $0.33 | $(1.40)<br>| $(1.07)<br>| $(0.33)<br>| $— | $— |
| 10/31/2021  | $8.34 | $0.32 | $0.37 | $0.69 | $(0.33)<br>| $— | $— |
| 10/31/2020  | $8.54 | $0.33 | $(0.19)<br>| $0.14 | $(0.34)<br>| $— | $— |
| Class R3 | Class R3 | Class R3 | Class R3 | Class R3 | Class R3 | Class R3 | Class R3 |
| 4/30/2025 (Unaudited) | $7.66 | $0.23 | $(0.12)<br>| $0.11 | $(0.23)<br>| $— | $— |
| 10/31/2024  | $7.10 | $0.48 | $0.56 | $1.04 | $(0.48)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.29 | $0.45 | $(0.19)<br>| $0.26 | $(0.45)<br>| $— | $— |
| 10/31/2022  | $8.69 | $0.37 | $(1.40)<br>| $(1.03)<br>| $(0.37)<br>| $— | $— |
| 10/31/2021  | $8.34 | $0.36 | $0.36 | $0.72 | $(0.37)<br>| $— | $— |
| 10/31/2020  | $8.53 | $0.37 | $(0.18)<br>| $0.19 | $(0.38)<br>| $— | $— |
| Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 |
| 4/30/2025 (Unaudited) | $7.67 | $0.26 | $(0.12)<br>| $0.14 | $(0.26)<br>| $— | $— |
| 10/31/2024  | $7.11 | $0.54 | $0.56 | $1.10 | $(0.54)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.30 | $0.50 | $(0.19)<br>| $0.31 | $(0.50)<br>| $— | $— |
| 10/31/2022  | $8.70 | $0.42 | $(1.39)<br>| $(0.97)<br>| $(0.43)<br>| $— | $— |
| 10/31/2021  | $8.35 | $0.43 | $0.35 | $0.78 | $(0.43)<br>| $— | $— |
| 10/31/2020  | $8.54 | $0.43 | $(0.18)<br>| $0.25 | $(0.44)<br>| $— | $— |
| Class E | Class E | Class E | Class E | Class E | Class E | Class E | Class E |
| 4/30/2025 (Unaudited) | $7.66 | $0.28 | $(0.12)<br>| $0.16 | $(0.28)<br>| $— | $— |
| 10/31/2024  | $7.10 | $0.58 | $0.56 | $1.14 | $(0.58)<br>| $— | $(0.00)<br>|
| 10/31/2023  | $7.29 | $0.54 | $(0.19)<br>| $0.35 | $(0.54)<br>| $— | $— |
| Period from <br>1/11/2022<sup>k</sup> to <br>10/31/2022 <br>| $8.61 | $0.38 | $(1.31)<br>| $(0.93)<br>| $(0.39)<br>| $— | $— |
| **Municipal High Income Fund** | **Municipal High Income Fund** | **Municipal High Income Fund** | **Municipal High Income Fund** | **Municipal High Income Fund** | **Municipal High Income Fund** | **Municipal High Income Fund** | **Municipal High Income Fund** |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $9.47 | $0.18 | $(0.26)<br>| $(0.08)<br>| $(0.18)<br>| $— | $— |
| 10/31/2024  | $8.49 | $0.36 | $0.98 | $1.34 | $(0.36)<br>| $— | $— |
| 10/31/2023  | $8.74 | $0.34 | $(0.25)<br>| $0.09 | $(0.34)<br>| $— | $— |
| 10/31/2022  | $10.82 | $0.28 | $(2.07)<br>| $(1.79)<br>| $(0.29)<br>| $— | $— |
| 10/31/2021  | $10.32 | $0.30 | $0.50 | $0.80 | $(0.30)<br>| $— | $— |
| 10/31/2020  | $10.59 | $0.31 | $(0.27)<br>| $0.04 | $(0.31)<br>| $— | $— |

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**Turnover** <br>**Rate**<br>|
| $(0.21)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.54 | &nbsp;&nbsp;&nbsp;&nbsp; 1.21 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.9 | &nbsp;&nbsp;&nbsp;&nbsp; 1.87 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.87 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.60 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.66 | &nbsp;&nbsp;&nbsp;&nbsp; 14.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.10 | &nbsp;&nbsp;&nbsp;&nbsp; 2.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.30 | &nbsp;&nbsp;&nbsp;&nbsp; (12.45)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3.2 | &nbsp;&nbsp;&nbsp;&nbsp; 1.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.85 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.70 | &nbsp;&nbsp;&nbsp;&nbsp; 8.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.83 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.34 | &nbsp;&nbsp;&nbsp;&nbsp; 1.74<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $5.9 | &nbsp;&nbsp;&nbsp;&nbsp; 1.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 115<br> %<br>|
| $(0.23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.54 | &nbsp;&nbsp;&nbsp;&nbsp; 1.46 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.7 | &nbsp;&nbsp;&nbsp;&nbsp; 1.37 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.37 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.11 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.66 | &nbsp;&nbsp;&nbsp;&nbsp; 14.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.6 | &nbsp;&nbsp;&nbsp;&nbsp; 1.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.45)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.10 | &nbsp;&nbsp;&nbsp;&nbsp; 3.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.29 | &nbsp;&nbsp;&nbsp;&nbsp; (12.04)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.36 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.69 | &nbsp;&nbsp;&nbsp;&nbsp; 8.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.33<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.33 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98<br> %<br>|
| $(0.38)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.34 | &nbsp;&nbsp;&nbsp;&nbsp; 2.35<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.34<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 115<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.55 | &nbsp;&nbsp;&nbsp;&nbsp; 1.84 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $129.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.62 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.86 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.67 | &nbsp;&nbsp;&nbsp;&nbsp; 15.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $122.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.11 | &nbsp;&nbsp;&nbsp;&nbsp; 4.31<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $116.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.30 | &nbsp;&nbsp;&nbsp;&nbsp; (11.35)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $132.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.70 | &nbsp;&nbsp;&nbsp;&nbsp; 9.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $385.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 98<br> %<br>|
| $(0.44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.35 | &nbsp;&nbsp;&nbsp;&nbsp; 3.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $303.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.26<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 115<br> %<br>|
| $(0.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.54 | &nbsp;&nbsp;&nbsp;&nbsp; 2.10 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $23.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.57 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.09 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.40 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 35 %<sup>e</sup><br>|
| $(0.58)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.66 | &nbsp;&nbsp;&nbsp;&nbsp; 16.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $21.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.08<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 102<br> %<br>|
| $(0.54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.10 | &nbsp;&nbsp;&nbsp;&nbsp; 4.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.08<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 7.41<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72<br> %<br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.29 | &nbsp;&nbsp;&nbsp;&nbsp; (10.98 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $14.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.58 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.10 %<sup>f,i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 6.07 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 72 %<sup>e,l</sup><br>|
| $(0.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.21 | &nbsp;&nbsp;&nbsp;&nbsp; (0.85 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $59.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.04 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.92 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 38 %<sup>e</sup><br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.47 | &nbsp;&nbsp;&nbsp;&nbsp; 15.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $63.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.04<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 116<br> %<br>|
| $(0.34)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.49 | &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.74 | &nbsp;&nbsp;&nbsp;&nbsp; (16.80)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $84.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.52 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 79<br> %<br>|
| $(0.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.82 | &nbsp;&nbsp;&nbsp;&nbsp; 7.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $145.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.77<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.76<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.32 | &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $117.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 112<br> %<br>|

---

------

Financial Highlights (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **Municipal High Income Fund (cont'd)** |  |  |  |  |  |  |  |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $9.46 | $0.17 | $(0.26)<br>| $(0.09)<br>| $(0.17)<br>| $— | $— |
| 10/31/2024  | $8.49 | $0.32 | $0.97 | $1.29 | $(0.32)<br>| $— | $— |
| 10/31/2023  | $8.74 | $0.30 | $(0.24)<br>| $0.06 | $(0.31)<br>| $— | $— |
| 10/31/2022  | $10.81 | $0.25 | $(2.07)<br>| $(1.82)<br>| $(0.25)<br>| $— | $— |
| 10/31/2021  | $10.31 | $0.26 | $0.50 | $0.76 | $(0.26)<br>| $— | $— |
| 10/31/2020  | $10.58 | $0.28 | $(0.27)<br>| $0.01 | $(0.28)<br>| $— | $— |
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $9.48 | $0.13 | $(0.26)<br>| $(0.13)<br>| $(0.13)<br>| $— | $— |
| 10/31/2024  | $8.50 | $0.25 | $0.98 | $1.23 | $(0.25)<br>| $— | $— |
| 10/31/2023  | $8.75 | $0.23 | $(0.24)<br>| $(0.01)<br>| $(0.24)<br>| $— | $— |
| 10/31/2022  | $10.83 | $0.17 | $(2.07)<br>| $(1.90)<br>| $(0.18)<br>| $— | $— |
| 10/31/2021  | $10.33 | $0.18 | $0.50 | $0.68 | $(0.18)<br>| $— | $— |
| 10/31/2020  | $10.59 | $0.20 | $(0.26)<br>| $(0.06)<br>| $(0.20)<br>| $— | $— |
| **Municipal Impact Fund** | **Municipal Impact Fund** | **Municipal Impact Fund** | **Municipal Impact Fund** | **Municipal Impact Fund** | **Municipal Impact Fund** | **Municipal Impact Fund** | **Municipal Impact Fund** |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $16.19 | $0.23 | $(0.25)<br>| $(0.02)<br>| $(0.23)<br>| $— | $— |
| 10/31/2024  | $15.35 | $0.43 | $0.84 | $1.27 | $(0.43)<br>| $— | $— |
| 10/31/2023  | $15.50 | $0.33 | $(0.15)<br>| $0.18 | $(0.33)<br>| $— | $— |
| 10/31/2022  | $17.72 | $0.28 | $(2.19)<br>| $(1.91)<br>| $(0.27)<br>| $(0.04)<br>| $— |
| 10/31/2021  | $17.81 | $0.29 | $(0.01)<br>| $0.28 | $(0.30)<br>| $(0.07)<br>| $— |
| 10/31/2020  | $17.66 | $0.34 | $0.23 | $0.57 | $(0.34)<br>| $(0.08)<br>| $— |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $16.19 | $0.20 | $(0.24)<br>| $(0.04)<br>| $(0.20)<br>| $— | $— |
| 10/31/2024  | $15.36 | $0.37 | $0.83 | $1.20 | $(0.37)<br>| $— | $— |
| 10/31/2023  | $15.50 | $0.27 | $(0.14)<br>| $0.13 | $(0.27)<br>| $— | $— |
| 10/31/2022  | $17.73 | $0.21 | $(2.19)<br>| $(1.98)<br>| $(0.21)<br>| $(0.04)<br>| $— |
| 10/31/2021  | $17.82 | $0.23 | $(0.02)<br>| $0.21 | $(0.23)<br>| $(0.07)<br>| $— |
| 10/31/2020  | $17.67 | $0.28 | $0.23 | $0.51 | $(0.28)<br>| $(0.08)<br>| $— |
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $16.19 | $0.14 | $(0.24)<br>| $(0.10)<br>| $(0.14)<br>| $— | $— |
| 10/31/2024  | $15.36 | $0.24 | $0.83 | $1.07 | $(0.24)<br>| $— | $— |
| 10/31/2023  | $15.50 | $0.15 | $(0.14)<br>| $0.01 | $(0.15)<br>| $— | $— |
| 10/31/2022  | $17.73 | $0.10 | $(2.20)<br>| $(2.10)<br>| $(0.09)<br>| $(0.04)<br>| $— |
| 10/31/2021  | $17.82 | $0.10 | $(0.02)<br>| $0.08 | $(0.10)<br>| $(0.07)<br>| $— |
| 10/31/2020  | $17.67 | $0.14 | $0.23 | $0.37 | $(0.14)<br>| $(0.08)<br>| $— |

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**Turnover** <br>**Rate**<br>|
| $(0.17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.20 | &nbsp;&nbsp;&nbsp;&nbsp; (1.03 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.47 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.55 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 38 %<sup>e</sup><br>|
| $(0.32)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.46 | &nbsp;&nbsp;&nbsp;&nbsp; 15.36<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.8 | &nbsp;&nbsp;&nbsp;&nbsp; 1.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 116<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.49 | &nbsp;&nbsp;&nbsp;&nbsp; 0.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.9 | &nbsp;&nbsp;&nbsp;&nbsp; 1.32<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.31<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.74 | &nbsp;&nbsp;&nbsp;&nbsp; (17.03)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.90 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 79<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.81 | &nbsp;&nbsp;&nbsp;&nbsp; 7.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.40<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.31 | &nbsp;&nbsp;&nbsp;&nbsp; 0.09<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.9 | &nbsp;&nbsp;&nbsp;&nbsp; 1.24<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 112<br> %<br>|
| $(0.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.22 | &nbsp;&nbsp;&nbsp;&nbsp; (1.39 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 2.52 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 38 %<sup>e</sup><br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.48 | &nbsp;&nbsp;&nbsp;&nbsp; 14.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 3.65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 116<br> %<br>|
| $(0.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.50 | &nbsp;&nbsp;&nbsp;&nbsp; (0.28)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 2.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.53<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.75 | &nbsp;&nbsp;&nbsp;&nbsp; (17.72)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 3.78<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64 %<sup>h</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 79<br> %<br>|
| $(0.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.83 | &nbsp;&nbsp;&nbsp;&nbsp; 6.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.2 | &nbsp;&nbsp;&nbsp;&nbsp; 2.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 59<br> %<br>|
| $(0.20)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.33 | &nbsp;&nbsp;&nbsp;&nbsp; (0.57)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 112<br> %<br>|
| $(0.23)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.94 | &nbsp;&nbsp;&nbsp;&nbsp; (0.13 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $74.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.84 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.88 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 33 %<sup>e</sup><br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.19 | &nbsp;&nbsp;&nbsp;&nbsp; 8.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $74.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 69<br> %<br>|
| $(0.33)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.35 | &nbsp;&nbsp;&nbsp;&nbsp; 1.11<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $69.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.85<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.50 | &nbsp;&nbsp;&nbsp;&nbsp; (10.88)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $76.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> %<br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.72 | &nbsp;&nbsp;&nbsp;&nbsp; 1.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $83.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> %<br>|
| $(0.42)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.81 | &nbsp;&nbsp;&nbsp;&nbsp; 3.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $62.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.93<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.92<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42<br> %<br>|
| $(0.20)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.95 | &nbsp;&nbsp;&nbsp;&nbsp; (0.25 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.50 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.51 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 33 %<sup>e</sup><br>|
| $(0.37)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.19 | &nbsp;&nbsp;&nbsp;&nbsp; 7.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 2.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 69<br> %<br>|
| $(0.27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.36 | &nbsp;&nbsp;&nbsp;&nbsp; 0.81<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.07<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27<br> %<br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.50 | &nbsp;&nbsp;&nbsp;&nbsp; (11.26)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 3.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> %<br>|
| $(0.30)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.73 | &nbsp;&nbsp;&nbsp;&nbsp; 1.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> %<br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.82 | &nbsp;&nbsp;&nbsp;&nbsp; 2.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42<br> %<br>|
| $(0.14)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.95 | &nbsp;&nbsp;&nbsp;&nbsp; (0.61 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.0 | &nbsp;&nbsp;&nbsp;&nbsp; 2.76 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.77 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 33 %<sup>e</sup><br>|
| $(0.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $16.19 | &nbsp;&nbsp;&nbsp;&nbsp; 7.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.0 | &nbsp;&nbsp;&nbsp;&nbsp; 5.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 69<br> %<br>|
| $(0.15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.36 | &nbsp;&nbsp;&nbsp;&nbsp; 0.05<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.92<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 27<br> %<br>|
| $(0.13)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $15.50 | &nbsp;&nbsp;&nbsp;&nbsp; (11.92)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.1 | &nbsp;&nbsp;&nbsp;&nbsp; 6.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.62<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> %<br>|
| $(0.17)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.73 | &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.0 | &nbsp;&nbsp;&nbsp;&nbsp; 2.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 20<br> %<br>|
| $(0.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $17.82 | &nbsp;&nbsp;&nbsp;&nbsp; 2.14<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.0 | &nbsp;&nbsp;&nbsp;&nbsp; 2.01<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.77<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42<br> %<br>|

---

------

Financial Highlights (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** | **Municipal Intermediate Bond Fund** |
| Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class | Investor Class |
| 4/30/2025 (Unaudited) | $10.95 | $0.15 | $(0.14)<br>| $0.01 | $(0.15)<br>| $— | $— |
| 10/31/2024  | $10.39 | $0.29 | $0.56 | $0.85 | $(0.28)<br>| $— | $(0.01)<br>|
| 10/31/2023  | $10.41 | $0.26 | $(0.02)<br>| $0.24 | $(0.26)<br>| $— | $— |
| 10/31/2022  | $12.09 | $0.21 | $(1.60)<br>| $(1.39)<br>| $(0.19)<br>| $(0.07)<br>| $(0.03)<br>|
| 10/31/2021  | $12.01 | $0.21 | $0.13 | $0.34 | $(0.20)<br>| $(0.06)<br>| $— |
| 10/31/2020  | $12.04 | $0.24 | $— | $0.24 | $(0.24)<br>| $(0.03)<br>| $— |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $10.94 | $0.16 | $(0.14)<br>| $0.02 | $(0.16)<br>| $— | $— |
| 10/31/2024  | $10.38 | $0.31 | $0.56 | $0.87 | $(0.30)<br>| $— | $(0.01)<br>|
| 10/31/2023  | $10.40 | $0.27 | $(0.01)<br>| $0.26 | $(0.28)<br>| $— | $— |
| 10/31/2022  | $12.08 | $0.22 | $(1.59)<br>| $(1.37)<br>| $(0.21)<br>| $(0.07)<br>| $(0.03)<br>|
| 10/31/2021  | $12.00 | $0.23 | $0.13 | $0.36 | $(0.22)<br>| $(0.06)<br>| $— |
| 10/31/2020  | $12.03 | $0.26 | $— | $0.26 | $(0.26)<br>| $(0.03)<br>| $— |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $10.93 | $0.14 | $(0.13)<br>| $0.01 | $(0.14)<br>| $— | $— |
| 10/31/2024  | $10.37 | $0.27 | $0.56 | $0.83 | $(0.26)<br>| $— | $(0.01)<br>|
| 10/31/2023  | $10.39 | $0.24 | $(0.02)<br>| $0.22 | $(0.24)<br>| $— | $— |
| 10/31/2022  | $12.07 | $0.18 | $(1.59)<br>| $(1.41)<br>| $(0.17)<br>| $(0.07)<br>| $(0.03)<br>|
| 10/31/2021  | $11.99 | $0.18 | $0.14 | $0.32 | $(0.18)<br>| $(0.06)<br>| $— |
| 10/31/2020  | $12.02 | $0.21 | $— | $0.21 | $(0.21)<br>| $(0.03)<br>| $— |
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $10.94 | $0.10 | $(0.14)<br>| $(0.04)<br>| $(0.10)<br>| $— | $— |
| 10/31/2024  | $10.38 | $0.19 | $0.56 | $0.75 | $(0.18)<br>| $— | $(0.01)<br>|
| 10/31/2023  | $10.40 | $0.15 | $(0.01)<br>| $0.14 | $(0.16)<br>| $— | $— |
| 10/31/2022  | $12.08 | $0.10 | $(1.60)<br>| $(1.50)<br>| $(0.08)<br>| $(0.07)<br>| $(0.03)<br>|
| 10/31/2021  | $12.00 | $0.09 | $0.13 | $0.22 | $(0.08)<br>| $(0.06)<br>| $— |
| 10/31/2020  | $12.02 | $0.12 | $0.01 | $0.13 | $(0.12)<br>| $(0.03)<br>| $— |
| **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** | **Strategic Income Fund** |
| Trust Class | Trust Class | Trust Class | Trust Class | Trust Class | Trust Class | Trust Class | Trust Class |
| 4/30/2025 (Unaudited) | $9.92 | $0.24 | $0.05 | $0.29 | $(0.26)<br>| $— | $— |
| 10/31/2024  | $9.12 | $0.45 | $0.83 | $1.28 | $(0.48)<br>| $— | $— |
| 10/31/2023  | $9.22 | $0.48 | $(0.08)<br>| $0.40 | $(0.47)<br>| $— | $(0.03)<br>|
| 10/31/2022  | $11.41 | $0.34 | $(1.86)<br>| $(1.52)<br>| $(0.29)<br>| $(0.21)<br>| $(0.17)<br>|
| 10/31/2021  | $10.96 | $0.33 | $0.56 | $0.89 | $(0.44)<br>| $— | $— |
| 10/31/2020  | $10.99 | $0.35 | $0.01 | $0.36 | $(0.39)<br>| $— | $— |

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Portfolio** <br>**Turnover** <br>**Rate**<br>|
| $(0.15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.81 | &nbsp;&nbsp;&nbsp;&nbsp; 0.12 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.67 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.46 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 43 %<sup>e</sup><br>|
| $(0.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.95 | &nbsp;&nbsp;&nbsp;&nbsp; 8.25<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.65<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 89<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.39 | &nbsp;&nbsp;&nbsp;&nbsp; 2.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $8.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.66<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.39<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> %<br>|
| $(0.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.41 | &nbsp;&nbsp;&nbsp;&nbsp; (11.66)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.09 | &nbsp;&nbsp;&nbsp;&nbsp; 2.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> %<br>|
| $(0.27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.01 | &nbsp;&nbsp;&nbsp;&nbsp; 2.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.66<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.45<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 93<br> %<br>|
| $(0.16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.80 | &nbsp;&nbsp;&nbsp;&nbsp; 0.19 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $174.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.48 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.31 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.95 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 43 %<sup>e</sup><br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.94 | &nbsp;&nbsp;&nbsp;&nbsp; 8.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $177.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 89<br> %<br>|
| $(0.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.38 | &nbsp;&nbsp;&nbsp;&nbsp; 2.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $164.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.55<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> %<br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.40 | &nbsp;&nbsp;&nbsp;&nbsp; (11.54)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $155.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.08 | &nbsp;&nbsp;&nbsp;&nbsp; 3.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $224.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.86<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> %<br>|
| $(0.29)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.00 | &nbsp;&nbsp;&nbsp;&nbsp; 2.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $207.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 93<br> %<br>|
| $(0.14)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.80 | &nbsp;&nbsp;&nbsp;&nbsp; 0.10 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.89 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.68 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.61 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 43 %<sup>e</sup><br>|
| $(0.27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.93 | &nbsp;&nbsp;&nbsp;&nbsp; 8.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.90<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 89<br> %<br>|
| $(0.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.37 | &nbsp;&nbsp;&nbsp;&nbsp; 2.06<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $3.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> %<br>|
| $(0.27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.39 | &nbsp;&nbsp;&nbsp;&nbsp; (11.88)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.96<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.63<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.07 | &nbsp;&nbsp;&nbsp;&nbsp; 2.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.82<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> %<br>|
| $(0.24)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.99 | &nbsp;&nbsp;&nbsp;&nbsp; 1.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.84<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.77<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 93<br> %<br>|
| $(0.10)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.80 | &nbsp;&nbsp;&nbsp;&nbsp; (0.36 )%<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.70 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.43 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.84 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 43 %<sup>e</sup><br>|
| $(0.19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.94 | &nbsp;&nbsp;&nbsp;&nbsp; 7.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.2 | &nbsp;&nbsp;&nbsp;&nbsp; 1.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.70<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 89<br> %<br>|
| $(0.16)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.38 | &nbsp;&nbsp;&nbsp;&nbsp; 1.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.48<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 58<br> %<br>|
| $(0.18)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.40 | &nbsp;&nbsp;&nbsp;&nbsp; (12.53)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $0.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.79<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.83<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49<br> %<br>|
| $(0.14)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.08 | &nbsp;&nbsp;&nbsp;&nbsp; 1.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1.6 | &nbsp;&nbsp;&nbsp;&nbsp; 1.58<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.74<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 43<br> %<br>|
| $(0.15)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $12.00 | &nbsp;&nbsp;&nbsp;&nbsp; 1.12<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2.0 | &nbsp;&nbsp;&nbsp;&nbsp; 1.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 93<br> %<br>|
| $(0.26)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.95 | &nbsp;&nbsp;&nbsp;&nbsp; 2.90 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.98 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.79 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 70 %<sup>e,g</sup><br>|
| $(0.48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.92 | &nbsp;&nbsp;&nbsp;&nbsp; 14.28<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.57<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 71 %<sup>g</sup><br>|
| $(0.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.12 | &nbsp;&nbsp;&nbsp;&nbsp; 4.22<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 101 %<sup>g</sup><br>|
| $(0.67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.22 | &nbsp;&nbsp;&nbsp;&nbsp; (13.82)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $7.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.27<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 162 %<sup>g</sup><br>|
| $(0.44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.41 | &nbsp;&nbsp;&nbsp;&nbsp; 8.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.95 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 114 %<sup>g</sup><br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.96 | &nbsp;&nbsp;&nbsp;&nbsp; 3.41<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.6 | &nbsp;&nbsp;&nbsp;&nbsp; 1.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.94<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.24<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 107 %<sup>g</sup><br>|

---

------

Financial Highlights (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Net Asset** <br>**Value,** <br>**Beginning** <br>**of Period**<br>| **Net** <br>**Investment** <br>**Income/** <br>**(Loss)**<sup>a</sup><br>| **Net Gains** <br>**or** <br>**(Losses) on** <br>**Securities** <br>**(both** <br>**realized** <br>**and** <br>**unrealized)**<br>| **Total From** <br>**Investment** <br>**Operations**<br>| **Dividends** <br>**from Net** <br>**Investment** <br>**Income**<br>| **Distributions** <br>**from Net** <br>**Realized** <br>**Capital** <br>**Gains**<br>| **Tax** <br>**Return of** <br>**Capital**<br>|
| **Strategic Income Fund (cont'd)** |  |  |  |  |  |  |  |
| Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class | Institutional Class |
| 4/30/2025 (Unaudited) | $9.92 | $0.25 | $0.06 | $0.31 | $(0.27)<br>| $— | $— |
| 10/31/2024  | $9.12 | $0.48 | $0.84 | $1.32 | $(0.52)<br>| $— | $— |
| 10/31/2023  | $9.22 | $0.51 | $(0.08)<br>| $0.43 | $(0.50)<br>| $— | $(0.03)<br>|
| 10/31/2022  | $11.42 | $0.37 | $(1.86)<br>| $(1.49)<br>| $(0.33)<br>| $(0.21)<br>| $(0.17)<br>|
| 10/31/2021  | $10.97 | $0.37 | $0.56 | $0.93 | $(0.48)<br>| $— | $— |
| 10/31/2020  | $10.99 | $0.39 | $0.02 | $0.41 | $(0.43)<br>| $— | $— |
| Class A | Class A | Class A | Class A | Class A | Class A | Class A | Class A |
| 4/30/2025 (Unaudited) | $9.93 | $0.24 | $0.05 | $0.29 | $(0.25)<br>| $— | $— |
| 10/31/2024  | $9.13 | $0.45 | $0.83 | $1.28 | $(0.48)<br>| $— | $— |
| 10/31/2023  | $9.23 | $0.47 | $(0.07)<br>| $0.40 | $(0.47)<br>| $— | $(0.03)<br>|
| 10/31/2022  | $11.43 | $0.33 | $(1.86)<br>| $(1.53)<br>| $(0.29)<br>| $(0.21)<br>| $(0.17)<br>|
| 10/31/2021  | $10.98 | $0.32 | $0.57 | $0.89 | $(0.44)<br>| $— | $— |
| 10/31/2020  | $11.00 | $0.34 | $0.03 | $0.37 | $(0.39)<br>| $— | $— |
| Class C | Class C | Class C | Class C | Class C | Class C | Class C | Class C |
| 4/30/2025 (Unaudited) | $9.92 | $0.20 | $0.06 | $0.26 | $(0.22)<br>| $— | $— |
| 10/31/2024  | $9.12 | $0.37 | $0.84 | $1.21 | $(0.41)<br>| $— | $— |
| 10/31/2023  | $9.22 | $0.40 | $(0.07)<br>| $0.33 | $(0.40)<br>| $— | $(0.03)<br>|
| 10/31/2022  | $11.42 | $0.26 | $(1.87)<br>| $(1.61)<br>| $(0.21)<br>| $(0.21)<br>| $(0.17)<br>|
| 10/31/2021  | $10.96 | $0.24 | $0.58 | $0.82 | $(0.36)<br>| $— | $— |
| 10/31/2020  | $10.99 | $0.27 | $0.01 | $0.28 | $(0.31)<br>| $— | $— |
| Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 | Class R6 |
| 4/30/2025 (Unaudited) | $9.91 | $0.26 | $0.06 | $0.32 | $(0.28)<br>| $— | $— |
| 10/31/2024  | $9.11 | $0.49 | $0.84 | $1.33 | $(0.53)<br>| $— | $— |
| 10/31/2023  | $9.21 | $0.52 | $(0.08)<br>| $0.44 | $(0.51)<br>| $— | $(0.03)<br>|
| 10/31/2022  | $11.41 | $0.39 | $(1.87)<br>| $(1.48)<br>| $(0.34)<br>| $(0.21)<br>| $(0.17)<br>|
| 10/31/2021  | $10.96 | $0.38 | $0.56 | $0.94 | $(0.49)<br>| $— | $— |
| 10/31/2020  | $10.98 | $0.40 | $0.02 | $0.42 | $(0.44)<br>| $— | $— |

---

See Notes to Financial Highlights

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Total** <br>**Distributions**<br>| &nbsp;&nbsp;&nbsp; **Net Asset** <br>**Value,** <br>**End of** <br>**Period**<br>| &nbsp;&nbsp;&nbsp; **Total** <br>**Return**<sup>b,c</sup><br>| &nbsp;&nbsp;&nbsp; **Net Assets,** <br>**End of** <br>**Period** <br>**(in millions)**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Gross** <br>**Expenses to** <br>**Average Net** <br>**Assets**<sup>d</sup><br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Expenses to** <br>**Average** <br>**Net** <br>**Assets**<br>| &nbsp;&nbsp;&nbsp; **Ratio** <br>**of Net** <br>**Investment** <br>**Income/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Loss)** <br>**to** <br>**Average** <br>**Net** <br>**Assets**<br>|
| $(0.27)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.96 | &nbsp;&nbsp;&nbsp;&nbsp; 3.18 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $5188.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.59 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59 %<sup>f,j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.16 %<sup>f</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 70 %<sup>e,g</sup><br>|
| $(0.52)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.92 | &nbsp;&nbsp;&nbsp;&nbsp; 14.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $4500.8 | &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59 %<sup>j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.93<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 71 %<sup>g</sup><br>|
| $(0.53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.12 | &nbsp;&nbsp;&nbsp;&nbsp; 4.58<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2740.7 | &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.33<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 101 %<sup>g</sup><br>|
| $(0.71)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.22 | &nbsp;&nbsp;&nbsp;&nbsp; (13.59)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1954.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.63<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 162 %<sup>g</sup><br>|
| $(0.48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.42 | &nbsp;&nbsp;&nbsp;&nbsp; 8.56<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2560.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.60<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.60 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.22<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 114 %<sup>g</sup><br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.97 | &nbsp;&nbsp;&nbsp;&nbsp; 3.87<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2227.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.61<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.59<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.59<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 107 %<sup>g</sup><br>|
| $(0.25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.97 | &nbsp;&nbsp;&nbsp;&nbsp; 2.99 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $168.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.96 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.96 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.78 %<sup>f</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 70 %<sup>e,g</sup><br>|
| $(0.48)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.93 | &nbsp;&nbsp;&nbsp;&nbsp; 14.24<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $170.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.55<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 71 %<sup>g</sup><br>|
| $(0.50)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.13 | &nbsp;&nbsp;&nbsp;&nbsp; 4.19<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $121.6 | &nbsp;&nbsp;&nbsp;&nbsp; 0.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.98<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.96<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 101 %<sup>g</sup><br>|
| $(0.67)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.23 | &nbsp;&nbsp;&nbsp;&nbsp; (13.92)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $103.1 | &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>i,j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.23<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 162 %<sup>g</sup><br>|
| $(0.44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.43 | &nbsp;&nbsp;&nbsp;&nbsp; 8.13<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $133.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.00<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.00 %<sup>i,j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.82<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 114 %<sup>g</sup><br>|
| $(0.39)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.98 | &nbsp;&nbsp;&nbsp;&nbsp; 3.46<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $125.9 | &nbsp;&nbsp;&nbsp;&nbsp; 0.99<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.99 %<sup>j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.19<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 107 %<sup>g</sup><br>|
| $(0.22)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.96 | &nbsp;&nbsp;&nbsp;&nbsp; 2.62 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $63.1 | &nbsp;&nbsp;&nbsp;&nbsp; 1.71 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.05 %<sup>f</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 70 %<sup>e,g</sup><br>|
| $(0.41)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.92 | &nbsp;&nbsp;&nbsp;&nbsp; 13.43<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $59.6 | &nbsp;&nbsp;&nbsp;&nbsp; 1.71<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.83<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 71 %<sup>g</sup><br>|
| $(0.43)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.12 | &nbsp;&nbsp;&nbsp;&nbsp; 3.44<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $40.5 | &nbsp;&nbsp;&nbsp;&nbsp; 1.72<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4.24<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 101 %<sup>g</sup><br>|
| $(0.59)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.22 | &nbsp;&nbsp;&nbsp;&nbsp; (14.54)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $42.7 | &nbsp;&nbsp;&nbsp;&nbsp; 1.73<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.47<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 162 %<sup>g</sup><br>|
| $(0.36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.42 | &nbsp;&nbsp;&nbsp;&nbsp; 7.47<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $67.3 | &nbsp;&nbsp;&nbsp;&nbsp; 1.73<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.70 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.13<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 114 %<sup>g</sup><br>|
| $(0.31)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.96 | &nbsp;&nbsp;&nbsp;&nbsp; 2.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $73.4 | &nbsp;&nbsp;&nbsp;&nbsp; 1.73<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1.69<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 2.49<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 107 %<sup>g</sup><br>|
| $(0.28)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.95 | &nbsp;&nbsp;&nbsp;&nbsp; 3.23 %<sup>e</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $696.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>f</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>f,j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.26 %<sup>f</sup><br>&nbsp;&nbsp;&nbsp;&nbsp; 70 %<sup>e,g</sup><br>|
| $(0.53)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.91 | &nbsp;&nbsp;&nbsp;&nbsp; 14.80<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $605.5 | &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>j</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.03<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 71 %<sup>g</sup><br>|
| $(0.54)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.11 | &nbsp;&nbsp;&nbsp;&nbsp; 4.68<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $421.4 | &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 5.44<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 101 %<sup>g</sup><br>|
| $(0.72)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $9.21 | &nbsp;&nbsp;&nbsp;&nbsp; (13.52)%<br>| &nbsp;&nbsp;&nbsp;&nbsp; $397.0 | &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.76<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 162 %<sup>g</sup><br>|
| $(0.49)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $11.41 | &nbsp;&nbsp;&nbsp;&nbsp; 8.67<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $439.3 | &nbsp;&nbsp;&nbsp;&nbsp; 0.50<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.50 %<sup>i</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.32<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 114 %<sup>g</sup><br>|
| $(0.44)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $10.96 | &nbsp;&nbsp;&nbsp;&nbsp; 3.97<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; $332.2 | &nbsp;&nbsp;&nbsp;&nbsp; 0.51<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.49<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 3.68<br> %<br>&nbsp;&nbsp;&nbsp;&nbsp; 107 %<sup>g</sup><br>|

---

------

Notes to Financial Highlights Income Funds (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| a | Calculated based on the average number of shares outstanding during each fiscal period. |
| b | Total return based on per share NAV reflects the effects of changes in NAV on the performance of each <br> Fund during each fiscal period. Returns assume income dividends and other distributions, if any, were <br> reinvested, but do not reflect the effect of sales charges. Results represent past performance and do not <br> indicate future results. Current returns may be lower or higher than the performance data quoted. <br> Investment returns and principal will fluctuate and shares, when redeemed, may be worth more or less than <br> original cost. Total return would have been lower if Management had not reimbursed and/or waived certain <br> expenses. Total return would have been higher if Management had not recouped previously reimbursed <br> and/or waived expenses.<br>|
| c | The class action proceeds listed in Note A of the Notes to Financial Statements, if any, had no impact on the <br> Funds' total returns for the six months ended April 30, 2025. The class action proceeds received in 2024, <br> 2023, 2022, 2021 and 2020 had no impact on the Funds' total returns for the years ended October 31, <br> 2024, 2023, 2022, 2021 and 2020, respectively.<br>|
| d | Represents the annualized ratios of net expenses to average daily net assets if Management had not <br> reimbursed and/or waived certain expenses and/or waived a portion of the investment management fee. <br>|
| e | Not annualized. |
| f | Annualized. |
| g | Excluding TBA roll transactions. Had TBA roll transactions been included, the portfolio turnover rate would <br> have been:<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Six Months** <br>**Ended April 30,** <br>| **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** |
|  | **2025** | **2024** | **2023** | **2022** | **2021** | **2020** |
| **Core Bond** | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 185% | &nbsp;&nbsp;&nbsp;&nbsp; 226% | &nbsp;&nbsp;&nbsp;&nbsp; 243% | &nbsp;&nbsp;&nbsp;&nbsp; 186% |
| **Strategic Income** | &nbsp;&nbsp; 120% | &nbsp;&nbsp;&nbsp;&nbsp; 206% | &nbsp;&nbsp;&nbsp;&nbsp; 298% | &nbsp;&nbsp;&nbsp;&nbsp; 308% | &nbsp;&nbsp;&nbsp;&nbsp; 308% | &nbsp;&nbsp;&nbsp;&nbsp; 344% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| h | Represents the annualized ratio of net expenses to average daily net assets after utilization of the line of <br> credit by Emerging Markets Debt (2020), Floating Rate Income (2024 & 2022) and Municipal High <br> Income (2022) and/or reimbursement and/or waiver of expenses and/or waiver of a portion of the <br> investment management fee by Management. Had Emerging Markets Debt, Floating Rate Income and <br> Municipal High Income not utilized the line of credit, the annualized ratios of net expenses to average daily <br> net assets would have been:<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | **2024** | **2022** | **2020** |
| **Emerging Markets Debt Institutional Class** |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.79% |
| **Emerging Markets Debt Class A** |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1.16% |
| **Emerging Markets Debt Class C** |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1.91% |
| **Floating Rate Income Institutional Class** | 0.60% | &nbsp;&nbsp;&nbsp;&nbsp; 0.60% | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Floating Rate Income Class A** | 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; 0.97% | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Floating Rate Income Class C** | 1.72% | &nbsp;&nbsp;&nbsp;&nbsp; 1.72% | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Municipal High Income Institutional Class** |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.52% | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Municipal High Income Class A** |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.90% | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Municipal High Income Class C** |  | &nbsp;&nbsp;&nbsp;&nbsp; 1.64% | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

i Includes interest expense on reverse repurchase agreements of 0.00% for each respective class for the year ended October 31, 2022 for High Income and for the year ended October 31, 2021 for High Income and Strategic Income. 

------

Notes to Financial Highlights Income Funds (Unaudited) (cont'd)

---

| | |
|:---|:---|
| j | After repayment of expenses previously reimbursed and/or fees previously waived pursuant to the terms of <br> the contractual expense limitation agreements by Management, as applicable. Had the Fund not made such <br> repayments, the annualized ratios of net expenses to average net assets would have been:<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Six Months** <br>**Ended** <br>**April 30,** <br>| **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** | **Year Ended October 31,** |
|  | **2025** | **2024** | **2022** | **2021** | **2020** |
| **High Income Class A** |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1.04% |
| **Strategic Income Institutional Class** | 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; 0.59% | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Strategic Income Class A** |  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% | &nbsp;&nbsp;&nbsp;&nbsp; 0.98% | &nbsp;&nbsp;&nbsp;&nbsp; 0.99% |
| **Strategic Income Class R6** | 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; 0.49% | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| k | The date investment operations commenced. |
| l | Portfolio turnover is calculated at the Fund level. Percentage indicated was calculated for the year ended <br> October 31, 2022, for High Income.<br>|

---

------

Directory

Investment Manager and Administrator

Neuberger Berman Investment Advisers LLC

1290 Avenue of the Americas

New York, NY 10104-0002

Shareholder Services

800.877.9700 or 212.476.8800

Intermediary Client Services 800.366.6264

Distributor

Neuberger Berman BD LLC

1290 Avenue of the Americas

New York, NY 10104-0002

Shareholder Services

800.877.9700 or 212.476.8800

Intermediary Client Services 800.366.6264

Sub-Adviser

Neuberger Berman Europe Limited\*

The Zig Zag Building

70 Victoria Street

London, United Kingdom

SW1E 6SQ

Custodian

State Street Bank and Trust Company

One Congress Street, Suite 1

Boston, MA 02114-2016

Shareholder Servicing Agent

SS&C Global Investor & Distribution Solutions, Inc.

801 Pennsylvania Avenue, Suite 219189

Kansas City, MO 64105-1307

For Investor, Trust & Institutional Class Shareholders address correspondence to:

Neuberger Berman Funds

PO Box 219189

Kansas City, MO 64121-9189

Shareholder Services 800.877.9700 or 212.476.8800

Intermediary Client Services 800.366.6264

For Class A, Class C, Class R3 and Class R6 Shareholders:

Please contact your investment provider

Legal Counsel

K&L Gates LLP

1601 K Street, NW

Washington, DC 20006-1600

Independent Registered Public Accounting Firm

Ernst & Young LLP

200 Clarendon Street

Boston, MA 02116

\*Sub-adviser to Emerging Markets Debt.

------

![](img451d30c81.jpg)

**Neuberger Berman Investment Advisers LLC**

1290 Avenue of the Americas

New York, NY 10104-0002

Retail Services: 800.877.9700

Broker-Dealer and Institutional Services: 800.366.6264/888.556.9030

www.nb.com

*Statistics and projections in this report are derived from sources deemed to be reliable but cannot be regarded as a representation of future results of the Funds. This report is prepared for the general information of shareholders and is not an offer of shares of the Funds. Shares are sold only through the currently effective prospectus which you can obtain by calling 877.628.2583. An investor should consider carefully a Fund's investment objectives, risks and fees and expenses, which are described in its prospectus, before investing.*

![](imgb81753ad4.jpg)

H0314 06/25

![](img0ab3b93c5.jpg)

------

#### Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.
There was nothing to report with respect to this item.

#### Item 9. Proxy Disclosures for Open-End Management Investment Companies.
There was nothing to report with respect to this item.

#### Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.
The remuneration paid to trustees, officers, and others for each series is disclosed in the Registrant's financial statements, which is included in Item 7 of this Form N-CSR.

#### Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.
There was nothing to report with respect to this item.

#### Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to the Registrant.

#### Item 13. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to the Registrant.

#### Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to the Registrant.

#### Item 15. Submission of Matters to a Vote of Security Holders.
There were no changes to the procedures by which shareholders may recommend nominees to the Board.

------

#### Item 16. Controls and Procedures.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act) as of a date within 90 days of the filing date of this report, the
 Chief Executive Officer and President and the Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required
 to be disclosed by the Registrant on Form N-CSR is accumulated and communicated to the Registrant's management to allow timely decisions regarding required disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no significant changes in the Registrant's internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period
 covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

#### Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable to the Registrant.

#### Item 18. Recovery of Erroneously Awarded Compensation.
Not applicable to the Registrant.

#### Item 19. Exhibits.

---

| | |
|:---|:---|
| (a)(1) | A copy of the [Code of Ethics is incorporated by reference to Neuberger Berman Alternative Funds' Form N-CSR, Investment Company Act file number 811-21715 (filed January 6, 2025)](https://www.sec.gov/Archives/edgar/data/1317474/000198115825000004/codeofethics.htm). |

---

(a)(2) Not applicable to the Registrant.

---

| | |
|:---|:---|
| (a)(3) | [The certifications required by Rule 30a-2(a) under the Act and Section 302 of the Sarbanes-Oxley Act of 2002 ("Sarbanes-Oxley Act")](exh99-cert.htm#EXHIBIT-99.CERT) are filed herewith. |

---

(a)(4) Not applicable to the Registrant.

(a)(5) Not applicable to the Registrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [The certification required by Rule 30a-2(b) under the Act and Section 906 of the Sarbanes-Oxley Act](exh99-906cert.htm#EXHIBIT-99.906CERT) is furnished herewith.

The certification furnished pursuant to Rule 30a-2(b) under the Act and Section 906 of the Sarbanes-Oxley Act will not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Registrant specifically incorporates it by reference.

------

#### 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.

Neuberger Berman Income Funds

By: <u>/s/ Joseph V. Amato</u>

Joseph V. Amato

Chief Executive Officer and President

Date: June 26, 2025

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

By: <u>/s/ Joseph V. Amato</u>

Joseph V. Amato

Chief Executive Officer and President

Date: June 26, 2025

By: <u>/s/ John M. McGovern</u>

&nbsp;&nbsp;&nbsp;&nbsp; John M. McGovern

Treasurer and Principal Financial

and Accounting Officer

Date: June 26, 2025

## Ex-99.Cert

**EXHIBIT - 99.CERT**<br>

#### CERTIFICATIONS

I, Joseph V. Amato, certify that:

1. I have reviewed this report on Form N-CSR of Neuberger Berman Income Funds ("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) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

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

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

c) Evaluated the effectiveness of the 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

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 trustees (or persons performing the equivalent functions):

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

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

Date: June 26, 2025

By: <u>/s/ Joseph V. Amato</u>

Joseph V. Amato

Chief Executive Officer and President

------

I, John M. McGovern, certify that:

1. I have reviewed this report on Form N-CSR of Neuberger Berman Income Funds ("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) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

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

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

c) Evaluated the effectiveness of the 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

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 trustees (or persons performing the equivalent functions):

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

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

Date: June 26, 2025

By: <u>/s/ John M. McGovern</u>

John M. McGovern

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasurer and Principal Financial and Accounting Officer <br>

## Exhibit 99.906

#### EXHIBIT - 99.906CERT

#### Section 906 Certification

We, Joseph V. Amato, Chief Executive Officer and President, and John M. McGovern, Treasurer and Principal Financial and Accounting Officer, of Neuberger Berman Income Funds ("Registrant"), certify, pursuant to 18 U.S.C. Section 1350 enacted under Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

<br> 1. The Registrant's periodic report on Form N-CSR for the period ended April 30, 2025, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. Section 78m(a) or 78o(d)); and

<br> 2. The information contained in such Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Date: June 26, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Joseph V. Amato</u><br> Joseph V. Amato---<br> Chief Executive Officer and President<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ John M. McGovern</u><br> John M. McGovern<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasurer and Principal Financial<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Accounting Officer<br>

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

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

<br>