# EDGAR Filing Document

**Accession Number:** 0000875186
**File Stem:** 0001752724-25-179775
**Filing Date:** 2025-7
**Character Count:** 1659249
**Document Hash:** a45be923d809e94e4439b40e6d3d2676
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179775.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001752724-25-179775

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MORGAN STANLEY PATHWAY FUNDS
- **CENTRAL INDEX KEY:** 0000875186

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06318
- **FILM NUMBER:** 251153368

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 WESTCHESTER AVENUE
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577
- **BUSINESS PHONE:** 8883749999

**MAIL ADDRESS:**
- **STREET 1:** 2000 WESTCHESTER AVENUE
- **CITY:** PURCHASE
- **STATE:** NY
- **ZIP:** 10577

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CONSULTING GROUP CAPITAL MARKETS FUNDS
- **DATE OF NAME CHANGE:** 19950125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUST FOR TRAK INVESTMENTS
- **DATE OF NAME CHANGE:** 19920929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSTITUTIONAL ADVISORS PORTFOLIOS
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### Emerging Markets Equity Fund (Series ID: S000008436)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000023144 | Emerging Markets Equity Fund | TEMUX           |

## Nport-Ex

**Schedules of Investments** 

May 31, 2025

(unaudited)

**Morgan Stanley Pathway Large Cap Equity ETF (formerly Large Cap Equity Fund)** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **COMMON STOCKS - 98.5%** | **COMMON STOCKS - 98.5%** | **COMMON STOCKS - 98.5%** |
|  **COMMUNICATION SERVICES - 9.1%** | **COMMUNICATION SERVICES - 9.1%** | **COMMUNICATION SERVICES - 9.1%** |
|  **Diversified Telecommunication Services - 0.7%** | **Diversified Telecommunication Services - 0.7%** | **Diversified Telecommunication Services - 0.7%** |
| 255328 | AT&T Inc. | $7098118 |
| 8663 | Frontier Communications Parent Inc.\* | 313861 |
| 2850 | GCI Liberty Inc.\*(a)# |  |
| 3860 | Iridium Communications Inc. | 98044 |
| 5122 | Liberty Global Ltd., Class A Shares\* | 49325 |
| 5313 | Liberty Global Ltd., Class C Shares\* | 52492 |
| 261025 | Verizon Communications Inc. | 11474659 |
|  | Total Diversified Telecommunication Services | 19086499 |
|  **Entertainment - 2.3%** | **Entertainment - 2.3%** | **Entertainment - 2.3%** |
| 9346 | Electronic Arts Inc. | 1343768 |
| 795 | Liberty Media Corp.-Liberty Formula One, Class A Shares\* | 70055 |
| 7421 | Liberty Media Corp.-Liberty Formula One, Class C Shares\* | 716349 |
| 640 | Liberty Media Corp.-Liberty Live, Class A Shares\* | 45990 |
| 1689 | Liberty Media Corp.-Liberty Live, Class C Shares\* | 123213 |
| 5584 | Live Nation Entertainment Inc.\* | 766069 |
| 665 | Madison Square Garden Sports Corp., Class A Shares\* | 126277 |
| 34974 | Netflix Inc.\* | 42221662 |
| 2011 | Playtika Holding Corp. | 9532 |
| 18641 | ROBLOX Corp., Class A Shares\* | 1621394 |
| 4620 | Roku Inc., Class A Shares\* | 334765 |
| 5228 | Spotify Technology SA\* | 3477352 |
| 6263 | Take-Two Interactive Software Inc.\* | 1417192 |
| 2969 | TKO Group Holdings Inc., Class A Shares | 468538 |
| 144651 | Walt Disney Co. (The) | 16351349 |
| 86869 | Warner Bros Discovery Inc.\* | 866084 |
|  | Total Entertainment | 69959589 |
|  **Interactive Media & Services - 5.3%** | **Interactive Media & Services - 5.3%** | **Interactive Media & Services - 5.3%** |
| 293443 | Alphabet Inc., Class A Shares | 50395901 |
| 190865 | Alphabet Inc., Class C Shares | 32991015 |
| 1246 | Angi Inc., Class A Shares\* | 19500 |
| 2896 | IAC Inc.\* | 104140 |
| 8847 | Match Group Inc. | 264879 |
| 114517 | Meta Platforms Inc., Class A Shares | 74148613 |
| 20984 | Pinterest Inc., Class A Shares\* | 652812 |
| 3459 | TripAdvisor Inc.\* | 49256 |
| 2448 | Trump Media & Technology Group Corp.\*(b) | 52216 |
| 9145 | ZoomInfo Technologies Inc., Class A Shares\* | 87335 |
|  | Total Interactive Media & Services | 158765667 |
|  **Media - 0.7%** | **Media - 0.7%** | **Media - 0.7%** |
| 3279 | Charter Communications Inc., Class A Shares\* | 1299369 |
| 266802 | Comcast Corp., Class A Shares | 9223345 |
| 5680 | DoubleVerify Holdings Inc.\* | 78043 |
| 115333 | Fox Corp., Class A Shares | 6336395 |
| 4803 | Fox Corp., Class B Shares | 241495 |
| 13512 | Interpublic Group of Cos., Inc. (The) | 323747 |
| 524 | Liberty Broadband Corp., Class A Shares\* | 48680 |
| 3856 | Liberty Broadband Corp., Class C Shares\* | 361693 |
| 5714 | New York Times Co. (The), Class A Shares | 326384 |
| 13288 | News Corp., Class A Shares | 375253 |
| 4125 | News Corp., Class B Shares | 134970 |
| 1000 | Nexstar Media Group Inc., Class A Shares | 170420 |
| 6893 | Omnicom Group Inc. | 506222 |
| 181 | Paramount Global, Class A Shares | 4100 |
| 20972 | Paramount Global, Class B Shares(b) | 253761 |
| 7377 | Sirius XM Holdings Inc.(b) | 159933 |
| 15789 | Trade Desk Inc. (The), Class A Shares\* | 1187649 |
|  | Total Media | 21031459 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **COMMUNICATION SERVICES - 9.1% - (continued)** | **COMMUNICATION SERVICES - 9.1% - (continued)** | **COMMUNICATION SERVICES - 9.1% - (continued)** |
|  **Wireless Telecommunication Services - 0.1%** | **Wireless Telecommunication Services - 0.1%** | **Wireless Telecommunication Services - 0.1%** |
| 16752 | T-Mobile US Inc. | $4057334 |
|  | **TOTAL COMMUNICATION SERVICES** | **272900548** |
|  **CONSUMER DISCRETIONARY - 10.6%** | **CONSUMER DISCRETIONARY - 10.6%** | **CONSUMER DISCRETIONARY - 10.6%** |
|  **Automobile Components - 0.0%@** | **Automobile Components - 0.0%@** | **Automobile Components - 0.0%@** |
| 8880 | Aptiv PLC\* | 593273 |
| 7673 | BorgWarner Inc. | 253900 |
| 8290 | Gentex Corp. | 178815 |
| 1991 | Lear Corp. | 180026 |
| 11275 | QuantumScape Corp., Class A Shares\* | 45100 |
|  | Total Automobile Components | 1251114 |
|  **Automobiles - 1.6%** | **Automobiles - 1.6%** | **Automobiles - 1.6%** |
| 140645 | Ford Motor Co. | 1459895 |
| 123740 | General Motors Co. | 6138742 |
| 3886 | Harley-Davidson Inc. | 94080 |
| 32234 | Lucid Group Inc., Class A Shares\* | 71882 |
| 29968 | Rivian Automotive Inc., Class A Shares\*(b) | 435435 |
| 112070 | Tesla Inc.\* | 38827772 |
| 1917 | Thor Industries Inc. | 155641 |
|  | Total Automobiles | 47183447 |
|  **Broadline Retail - 4.1%** | **Broadline Retail - 4.1%** | **Broadline Retail - 4.1%** |
| 587432 | Amazon.com Inc.\* | 120429434 |
| 40964 | Coupang Inc., Class A Shares\* | 1149040 |
| 100 | Dillard's Inc., Class A Shares | 39602 |
| 17195 | eBay Inc. | 1258158 |
| 3809 | Etsy Inc.\* | 210828 |
| 3630 | Kohl's Corp.(b) | 29512 |
| 9402 | Macy's Inc. | 111790 |
| 2159 | Ollie's Bargain Outlet Holdings Inc.\* | 240621 |
|  | Total Broadline Retail | 123468985 |
|  **Distributors - 0.1%** | **Distributors - 0.1%** | **Distributors - 0.1%** |
| 4932 | Genuine Parts Co. | 623997 |
| 9324 | LKQ Corp. | 377342 |
| 1355 | Pool Corp. | 407299 |
|  | Total Distributors | 1408638 |
|  **Diversified Consumer Services - 0.1%** | **Diversified Consumer Services - 0.1%** | **Diversified Consumer Services - 0.1%** |
| 13589 | ADT Inc. | 113060 |
| 2034 | Bright Horizons Family Solutions Inc.\* | 262793 |
| 1346 | Duolingo Inc., Class A Shares\* | 699395 |
| 1014 | Grand Canyon Education Inc.\* | 200615 |
| 4988 | H&R Block Inc. | 284067 |
| 4964 | Service Corp. International | 387192 |
|  | Total Diversified Consumer Services | 1947122 |
|  **Hotels, Restaurants & Leisure - 2.4%** | **Hotels, Restaurants & Leisure - 2.4%** | **Hotels, Restaurants & Leisure - 2.4%** |
| 94103 | Airbnb Inc., Class A Shares\* | 12139287 |
| 9054 | Aramark | 366687 |
| 1177 | Booking Holdings Inc. | 6495781 |
| 2182 | Boyd Gaming Corp. | 163584 |
| 7303 | Caesars Entertainment Inc.\* | 196305 |
| 36289 | Carnival Corp.\* | 842631 |
| 2742 | Cava Group Inc.\* | 222842 |
| 48683 | Chipotle Mexican Grill Inc., Class A Shares\* | 2438045 |
| 1046 | Choice Hotels International Inc | 132507 |
| 2408 | Churchill Downs Inc. | 229892 |
| 34544 | Darden Restaurants Inc. | 7399670 |
| 1233 | Domino's Pizza Inc. | 584220 |
| 12598 | DoorDash Inc., Class A Shares\* | 2628573 |
| 16477 | DraftKings Inc., Class A Shares\* | 591195 |
| 3845 | Dutch Bros Inc., Class A Shares\* | 277609 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 10.6% - (continued)** | **CONSUMER DISCRETIONARY - 10.6% - (continued)** | **CONSUMER DISCRETIONARY - 10.6% - (continued)** |
|  **Hotels, Restaurants & Leisure - 2.4% - (continued)** | **Hotels, Restaurants & Leisure - 2.4% - (continued)** | **Hotels, Restaurants & Leisure - 2.4% - (continued)** |
| 4345 | Expedia Group Inc. | $724529 |
| 49353 | Hilton Worldwide Holdings Inc. | 12261259 |
| 1464 | Hyatt Hotels Corp., Class A Shares | 193292 |
| 12510 | Las Vegas Sands Corp. | 514912 |
| 3159 | Light & Wonder Inc., Class A Shares\* | 284689 |
| 8085 | Marriott International Inc., Class A Shares | 2133065 |
| 1116 | Marriott Vacations Worldwide Corp. | 73500 |
| 25628 | McDonald's Corp. | 8043348 |
| 8632 | MGM Resorts International\* | 273203 |
| 16118 | Norwegian Cruise Line Holdings Ltd.\* | 284483 |
| 5004 | Penn Entertainment Inc.\* | 74209 |
| 3015 | Planet Fitness Inc., Class A Shares\* | 310032 |
| 8384 | Royal Caribbean Cruises Ltd. | 2154436 |
| 64928 | Starbucks Corp. | 5450706 |
| 2407 | Texas Roadhouse Inc., Class A Shares | 469870 |
| 2199 | Travel + Leisure Co. | 106805 |
| 1378 | Vail Resorts Inc. | 220714 |
| 6650 | Wendy's Co. (The) | 75810 |
| 1008 | Wingstop Inc. | 344434 |
| 2642 | Wyndham Hotels & Resorts Inc. | 218705 |
| 3496 | Wynn Resorts Ltd. | 316528 |
| 10086 | Yum! Brands Inc. | 1451779 |
|  | Total Hotels, Restaurants & Leisure | 70689136 |
|  **Household Durables - 0.2%** | **Household Durables - 0.2%** | **Household Durables - 0.2%** |
| 10178 | DR Horton Inc. | 1201615 |
| 5476 | Garmin Ltd. | 1111464 |
| 3726 | Leggett & Platt Inc. | 33757 |
| 8133 | Lennar Corp., Class A Shares | 862748 |
| 406 | Lennar Corp., Class B Shares | 41128 |
| 1806 | Mohawk Industries Inc.\* | 181702 |
| 13920 | Newell Brands Inc. | 73776 |
| 100 | NVR Inc.\* | 711593 |
| 7189 | PulteGroup Inc. | 704738 |
| 2444 | SharkNinja Inc.\* | 224677 |
| 5887 | Somnigroup International Inc. | 383008 |
| 3604 | Toll Brothers Inc. | 375717 |
| 1048 | TopBuild Corp.\* | 296469 |
| 1876 | Whirlpool Corp. | 146497 |
|  | Total Household Durables | 6348889 |
|  **Leisure Products - 0.0%@** | **Leisure Products - 0.0%@** | **Leisure Products - 0.0%@** |
| 2400 | Brunswick Corp. | 121488 |
| 4826 | Hasbro Inc | 321942 |
| 11757 | Mattel Inc.\* | 222678 |
| 1768 | Polaris Inc. | 69341 |
| 2747 | YETI Holdings Inc.\* | 83948 |
|  | Total Leisure Products | 819397 |
|  **Specialty Retail - 1.9%** | **Specialty Retail - 1.9%** | **Specialty Retail - 1.9%** |
| 2236 | Advance Auto Parts Inc. | 107171 |
| 922 | AutoNation Inc.\* | 169510 |
| 602 | AutoZone Inc.\* | 2247290 |
| 7710 | Bath & Body Works Inc. | 216805 |
| 7677 | Best Buy Co., Inc. | 508831 |
| 2255 | Burlington Stores Inc.\* | 514749 |
| 5429 | CarMax Inc.\* | 349953 |
| 3817 | Carvana Co., Class A Shares\* | 1248770 |
| 2026 | Dick's Sporting Goods Inc. | 363343 |
| 1964 | Five Below Inc.\* | 228943 |
| 3670 | Floor & Decor Holdings Inc., Class A Shares\* | 263102 |
| 13657 | GameStop Corp., Class A Shares\* | 406979 |
| 6927 | Gap Inc. (The) | 154541 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 10.6% - (continued)** | **CONSUMER DISCRETIONARY - 10.6% - (continued)** | **CONSUMER DISCRETIONARY - 10.6% - (continued)** |
|  **Specialty Retail - 1.9% - (continued)** | **Specialty Retail - 1.9% - (continued)** | **Specialty Retail - 1.9% - (continued)** |
| 35280 | Home Depot Inc. (The) | $12993271 |
| 934 | Lithia Motors Inc., Class A Shares | 295994 |
| 52230 | Lowe's Cos., Inc. | 11789878 |
| 634 | Murphy USA Inc. | 270585 |
| 8196 | O'Reilly Automotive Inc.\* | 11208030 |
| 712 | Penske Automotive Group Inc. | 116896 |
| 497 | RH\* | 90012 |
| 11512 | Ross Stores Inc. | 1612716 |
| 80512 | TJX Cos., Inc. (The) | 10216973 |
| 19024 | Tractor Supply Co. | 920762 |
| 1658 | Ulta Beauty Inc.\* | 781681 |
| 4520 | Valvoline Inc.\* | 156347 |
| 3494 | Wayfair Inc., Class A Shares\* | 144093 |
| 4382 | Williams-Sonoma Inc. | 708832 |
|  | Total Specialty Retail | 58086057 |
|  **Textiles, Apparel & Luxury Goods - 0.2%** | **Textiles, Apparel & Luxury Goods - 0.2%** | **Textiles, Apparel & Luxury Goods - 0.2%** |
| 1897 | Amer Sports Inc.\* | 69013 |
| 1291 | Birkenstock Holding PLC\* | 69430 |
| 6454 | Capri Holdings Ltd.\* | 116946 |
| 1227 | Carter's Inc. | 38491 |
| 1025 | Columbia Sportswear Co. | 65374 |
| 2006 | Crocs Inc.\* | 204612 |
| 5379 | Deckers Outdoor Corp.\* | 567592 |
| 4109 | lululemon athletica Inc.\* | 1301197 |
| 42127 | NIKE Inc., Class B Shares(b) | 2552475 |
| 2042 | PVH Corp. | 171058 |
| 1439 | Ralph Lauren Corp., Class A Shares | 398330 |
| 4640 | Skechers USA Inc., Class A Shares\* | 287866 |
| 8258 | Tapestry Inc. | 648666 |
| 5673 | Under Armour Inc., Class A Shares\* | 38066 |
| 7178 | Under Armour Inc., Class C Shares\* | 45221 |
| 12593 | V.F. Corp. | 156909 |
|  | Total Textiles, Apparel & Luxury Goods | 6731246 |
|  | **TOTAL CONSUMER DISCRETIONARY** | **317934031** |
|  **CONSUMER STAPLES - 4.7%** | **CONSUMER STAPLES - 4.7%** | **CONSUMER STAPLES - 4.7%** |
|  **Beverages - 1.0%** | **Beverages - 1.0%** | **Beverages - 1.0%** |
| 309 | Boston Beer Co., Inc. (The), Class A Shares\* | 71024 |
| 1581 | Brown-Forman Corp., Class A Shares | 52537 |
| 6307 | Brown-Forman Corp., Class B Shares | 210275 |
| 7646 | Celsius Holdings Inc.\* | 289630 |
| 138076 | Coca-Cola Co. (The) | 9955280 |
| 2120 | Coca-Cola Consolidated Inc. | 243058 |
| 5596 | Constellation Brands Inc., Class A Shares | 997711 |
| 45101 | Keurig Dr Pepper Inc. | 1518551 |
| 6164 | Molson Coors Beverage Co., Class B Shares | 330329 |
| 84137 | Monster Beverage Corp.\* | 5380561 |
| 85085 | PepsiCo Inc. | 11184423 |
|  | Total Beverages | 30233379 |
|  **Consumer Staples Distribution & Retail - 1.5%** | **Consumer Staples Distribution & Retail - 1.5%** | **Consumer Staples Distribution & Retail - 1.5%** |
| 14857 | Albertsons Cos., Inc., Class A Shares | 330271 |
| 4680 | BJ's Wholesale Club Holdings Inc.\* | 529823 |
| 1310 | Casey's General Stores Inc. | 573466 |
| 19488 | Costco Wholesale Corp. | 20271028 |
| 7769 | Dollar General Corp. | 755535 |
| 7183 | Dollar Tree Inc.\* | 648338 |
| 2938 | Grocery Outlet Holding Corp.\* | 39898 |
| 23463 | Kroger Co. (The) | 1600880 |
| 5758 | Maplebear Inc.\* | 262968 |
| 5483 | Performance Food Group Co.\* | 491057 |
| 17382 | Sysco Corp. | 1268886 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER STAPLES - 4.7% - (continued)** | **CONSUMER STAPLES - 4.7% - (continued)** | **CONSUMER STAPLES - 4.7% - (continued)** |
|  **Consumer Staples Distribution & Retail - 1.5% - (continued)** | **Consumer Staples Distribution & Retail - 1.5% - (continued)** | **Consumer Staples Distribution & Retail - 1.5% - (continued)** |
| 16554 | Target Corp. | $1556241 |
| 7749 | US Foods Holding Corp.\* | 613101 |
| 25599 | Walgreens Boots Alliance Inc. | 287989 |
| 154372 | Walmart Inc. | 15239604 |
|  | Total Consumer Staples Distribution & Retail | 44469085 |
|  **Food Products - 0.7%** | **Food Products - 0.7%** | **Food Products - 0.7%** |
| 16863 | Archer-Daniels-Midland Co. | 813977 |
| 4714 | Bunge Global SA | 368399 |
| 17062 | Conagra Brands Inc. | 390549 |
| 5914 | Darling Ingredients Inc.\* | 184280 |
| 6582 | Flowers Foods Inc. | 111236 |
| 1731 | Freshpet Inc.\* | 138757 |
| 19549 | General Mills Inc. | 1060729 |
| 5217 | Hershey Co. (The) | 838320 |
| 10329 | Hormel Foods Corp. | 316894 |
| 2268 | Ingredion Inc. | 315524 |
| 3695 | J.M. Smucker Co. (The) | 416094 |
| 9271 | Kellanova | 766063 |
| 31729 | Kraft Heinz Co. (The) | 848116 |
| 4882 | Lamb Weston Holdings Inc. | 272318 |
| 8879 | McCormick & Co., Inc., Class VTG Shares | 645770 |
| 158837 | Mondelez International Inc., Class A Shares | 10719909 |
| 1496 | Pilgrim's Pride Corp. | 73543 |
| 1884 | Post Holdings Inc.\* | 208352 |
| 8 | Seaboard Corp. | 21417 |
| 875 | Smithfield Foods Inc. | 20457 |
| 6999 | The Campbell's Co. | 238246 |
| 59285 | Tyson Foods Inc., Class A Shares | 3329446 |
|  | Total Food Products | 22098396 |
|  **Household Products - 0.9%** | **Household Products - 0.9%** | **Household Products - 0.9%** |
| 8727 | Church & Dwight Co., Inc. | 857951 |
| 4392 | Clorox Co. (The) | 579217 |
| 28941 | Colgate-Palmolive Co. | 2689777 |
| 11857 | Kimberly-Clark Corp. | 1704562 |
| 123955 | Procter & Gamble Co. (The) | 21058715 |
| 1594 | Reynolds Consumer Products Inc. | 35195 |
| 1110 | Spectrum Brands Holdings Inc. | 64125 |
|  | Total Household Products | 26989542 |
|  **Personal Care Products - 0.1%** | **Personal Care Products - 0.1%** | **Personal Care Products - 0.1%** |
| 4497 | BellRing Brands Inc.\* | 283086 |
| 14270 | Coty Inc., Class A Shares\* | 70351 |
| 1988 | elf Beauty Inc.\* | 223630 |
| 8248 | Estee Lauder Cos., Inc. (The), Class A Shares | 552121 |
| 68511 | Kenvue Inc. | 1635358 |
|  | Total Personal Care Products | 2764546 |
|  **Tobacco - 0.5%** | **Tobacco - 0.5%** | **Tobacco - 0.5%** |
| 60314 | Altria Group Inc. | 3655631 |
| 55291 | Philip Morris International Inc. | 9985002 |
|  | Total Tobacco | 13640633 |
|  | **TOTAL CONSUMER STAPLES** | **140195581** |
|  **ENERGY - 3.0%** | **ENERGY - 3.0%** | **ENERGY - 3.0%** |
|  **Energy Equipment & Services - 0.3%** | **Energy Equipment & Services - 0.3%** | **Energy Equipment & Services - 0.3%** |
| 35298 | Baker Hughes Co., Class A Shares | 1307791 |
| 31108 | Halliburton Co. | 609406 |
| 14547 | NOV Inc. | 174564 |
| 206724 | Schlumberger NV | 6832228 |
| 14546 | TechnipFMC PLC | 453108 |
| 2560 | Weatherford International PLC | 111616 |
|  | Total Energy Equipment & Services | 9488713 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **ENERGY - 3.0% - (continued)** | **ENERGY - 3.0% - (continued)** | **ENERGY - 3.0% - (continued)** |
|  **Oil, Gas & Consumable Fuels - 2.7%** | **Oil, Gas & Consumable Fuels - 2.7%** | **Oil, Gas & Consumable Fuels - 2.7%** |
| 12240 | Antero Midstream Corp. | $229867 |
| 10477 | Antero Resources Corp.\* | 392364 |
| 13386 | APA Corp. | 227696 |
| 7900 | Cheniere Energy Inc. | 1872221 |
| 58218 | Chevron Corp. | 7958401 |
| 2064 | Chord Energy Corp. | 185760 |
| 3597 | Civitas Resources Inc. | 98450 |
| 114354 | ConocoPhillips | 9760114 |
| 25814 | Coterra Energy Inc. | 627538 |
| 22027 | Devon Energy Corp. | 666537 |
| 6750 | Diamondback Energy Inc. | 908213 |
| 3571 | DT Midstream Inc. | 374027 |
| 64260 | EOG Resources Inc. | 6976708 |
| 20934 | EQT Corp. | 1154091 |
| 32612 | Expand Energy Corp. | 3787232 |
| 251503 | Exxon Mobil Corp. | 25728757 |
| 9880 | Hess Corp. | 1306037 |
| 5364 | HF Sinclair Corp. | 193801 |
| 68559 | Kinder Morgan Inc. | 1922394 |
| 11495 | Marathon Petroleum Corp. | 1847706 |
| 4386 | Matador Resources Co. | 188642 |
| 2028 | New Fortress Energy Inc., Class A Shares(b) | 5050 |
| 24298 | Occidental Petroleum Corp. | 990872 |
| 22138 | ONEOK Inc. | 1789636 |
| 9033 | Ovintiv Inc. | 323562 |
| 22620 | Permian Resources Corp., Class A Shares | 285238 |
| 43457 | Phillips 66 | 4931500 |
| 8391 | Range Resources Corp. | 319194 |
| 7650 | Targa Resources Corp. | 1208165 |
| 673 | Texas Pacific Land Corp. | 749742 |
| 11164 | Valero Energy Corp. | 1439821 |
| 4588 | Viper Energy Inc., Class A Shares | 182098 |
| 43342 | Williams Cos., Inc. (The) | 2622624 |
|  | Total Oil, Gas & Consumable Fuels | 81254058 |
|  | **TOTAL ENERGY** | **90742771** |
|  **FINANCIALS - 16.9%** | **FINANCIALS - 16.9%** | **FINANCIALS - 16.9%** |
|  **Banks - 3.7%** | **Banks - 3.7%** | **Banks - 3.7%** |
| 459984 | Bank of America Corp. | 20299094 |
| 3644 | Bank OZK | 161538 |
| 792 | BOK Financial Corp. | 74781 |
| 67311 | Citigroup Inc. | 5069864 |
| 15748 | Citizens Financial Group Inc. | 635432 |
| 7661 | Columbia Banking System Inc. | 179114 |
| 4678 | Comerica Inc. | 267067 |
| 4469 | Commerce Bancshares Inc. | 281592 |
| 2106 | Cullen/Frost Bankers Inc. | 267420 |
| 4816 | East West Bancorp Inc. | 439219 |
| 24173 | Fifth Third Bancorp | 923167 |
| 410 | First Citizens BancShares Inc., Class A Shares | 758041 |
| 4299 | First Hawaiian Inc. | 102660 |
| 18612 | First Horizon Corp. | 370006 |
| 12979 | FNB Corp. | 180019 |
| 50801 | Huntington Bancshares Inc. | 794020 |
| 181607 | JPMorgan Chase & Co. | 47944248 |
| 33018 | KeyCorp | 523665 |
| 5919 | M&T Bank Corp. | 1081046 |
| 115360 | NU Holdings Ltd., Class A Shares\* | 1385474 |
| 2692 | Pinnacle Financial Partners Inc | 286106 |
| 14159 | PNC Financial Services Group Inc. (The) | 2460976 |
| 2519 | Popular Inc. | 260792 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 16.9% - (continued)** | **FINANCIALS - 16.9% - (continued)** | **FINANCIALS - 16.9% - (continued)** |
|  **Banks - 3.7% - (continued)** | **Banks - 3.7% - (continued)** | **Banks - 3.7% - (continued)** |
| 3260 | Prosperity Bancshares Inc. | $227059 |
| 32445 | Regions Financial Corp. | 695621 |
| 4953 | Synovus Financial Corp. | 236902 |
| 1501 | TFS Financial Corp. | 19828 |
| 93284 | Truist Financial Corp. | 3684718 |
| 55601 | US Bancorp | 2423648 |
| 5911 | Webster Financial Corp. | 304298 |
| 251159 | Wells Fargo & Co. | 18781670 |
| 3733 | Western Alliance Bancorp. | 270306 |
| 2274 | Wintrust Financial Corp. | 271538 |
| 5113 | Zions Bancorp NA | 242152 |
|  | Total Banks | 111903081 |
|  **Capital Markets - 4.7%** | **Capital Markets - 4.7%** |  |
| 1040 | Affiliated Managers Group Inc. | 183040 |
| 3402 | Ameriprise Financial Inc. | 1732434 |
| 6598 | Ares Management Corp., Class A Shares | 1091969 |
| 25417 | Bank of New York Mellon Corp. (The) | 2252200 |
| 15322 | Blackrock Inc. | 15013875 |
| 25661 | Blackstone Inc. | 3560720 |
| 19025 | Blue Owl Capital Inc., Class A Shares | 355387 |
| 20229 | Brookfield Asset Management Ltd., Class A Shares(b) | 1134847 |
| 291179 | Brookfield Corp. | 16806852 |
| 8010 | Carlyle Group Inc. (The) | 362052 |
| 3730 | Cboe Global Markets Inc. | 854618 |
| 152753 | Charles Schwab Corp. (The) | 13494200 |
| 12785 | CME Group Inc., Class A Shares | 3694865 |
| 7167 | Coinbase Global Inc., Class A Shares\* | 1767526 |
| 1260 | Evercore Inc., Class A Shares | 291677 |
| 1362 | FactSet Research Systems Inc. | 624150 |
| 11198 | Franklin Resources Inc. | 242325 |
| 21286 | Goldman Sachs Group Inc. (The) | 12781179 |
| 1936 | Houlihan Lokey Inc., Class A Shares | 338180 |
| 3654 | Interactive Brokers Group Inc., Class A Shares | 766171 |
| 72760 | Intercontinental Exchange Inc. | 13082248 |
| 11914 | Invesco Ltd. | 172276 |
| 4721 | Janus Henderson Group PLC | 171514 |
| 6086 | Jefferies Financial Group Inc. | 295780 |
| 84357 | KKR & Co., Inc., Class Miscella Shares | 10246001 |
| 3713 | Lazard Inc., Class A Shares | 161144 |
| 2797 | LPL Financial Holdings Inc. | 1082886 |
| 1358 | MarketAxess Holdings Inc. | 293885 |
| 8987 | Moody's Corp. | 4307649 |
| 40789 | Morgan Stanley(c) | 5222216 |
| 930 | Morningstar Inc. | 286831 |
| 6645 | MSCI Inc., Class A Shares | 3747913 |
| 14629 | Nasdaq Inc. | 1222107 |
| 6879 | Northern Trust Corp. | 734264 |
| 7223 | Raymond James Financial Inc. | 1061637 |
| 23939 | Robinhood Markets Inc., Class A Shares\* | 1583565 |
| 28621 | S&P Global Inc. | 14678566 |
| 3532 | SEI Investments Co. | 301138 |
| 37965 | State Street Corp. | 3655270 |
| 3482 | Stifel Financial Corp. | 328074 |
| 7756 | T. Rowe Price Group Inc. | 725884 |
| 3926 | TPG Inc., Class A Shares | 188958 |
| 4109 | Tradeweb Markets Inc., Class A Shares | 593545 |
| 2820 | Virtu Financial Inc., Class A Shares | 113336 |
| 16067 | XP Inc., Class A Shares | 311057 |
|  | Total Capital Markets | 141916011 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 16.9% - (continued)** | **FINANCIALS - 16.9% - (continued)** | **FINANCIALS - 16.9% - (continued)** |
|  **Consumer Finance - 0.6%** | **Consumer Finance - 0.6%** | **Consumer Finance - 0.6%** |
| 9430 | Ally Financial Inc. | $330050 |
| 39062 | American Express Co. | 11486181 |
| 22500 | Capital One Financial Corp. | 4255875 |
| 232 | Credit Acceptance Corp.\* | 110733 |
| 3921 | OneMain Holdings Inc., Class A Shares | 203265 |
| 7454 | SLM Corp. | 241286 |
| 38311 | SoFi Technologies Inc.\* | 509536 |
| 13698 | Synchrony Financial | 789690 |
|  | Total Consumer Finance | 17926616 |
|  **Financial Services - 5.0%** | **Financial Services - 5.0%** |  |
| 9330 | Affirm Holdings Inc., Class A Shares\* | 484227 |
| 18589 | Apollo Global Management Inc. | 2429396 |
| 85713 | Berkshire Hathaway Inc., Class B Shares\* | 43195923 |
| 19738 | Block Inc., Class A Shares\* | 1218821 |
| 2427 | Corpay Inc.\* | 789042 |
| 9550 | Equitable Holdings Inc. | 504909 |
| 1549 | Euronet Worldwide Inc.\* | 167726 |
| 19287 | Fidelity National Information Services Inc. | 1535438 |
| 20141 | Fiserv Inc.\* | 3278753 |
| 9134 | Global Payments Inc. | 690622 |
| 2592 | Jack Henry & Associates Inc. | 469593 |
| 57265 | MasterCard Inc., Class A Shares | 33534384 |
| 9252 | MGIC Investment Corp. | 244715 |
| 156120 | PayPal Holdings Inc.\* | 10972114 |
| 6037 | Rocket Cos., Inc., Class A Shares(b) | 76972 |
| 2207 | Shift4 Payments Inc., Class A Shares\*(b) | 209202 |
| 16545 | Toast Inc., Class A Shares\* | 697868 |
| 6999 | UWM Holdings Corp. | 30096 |
| 136371 | Visa Inc., Class A Shares | 49801325 |
| 3608 | Voya Financial Inc. | 240004 |
| 6495 | Western Union Co. (The) | 60274 |
| 1283 | WEX Inc.\* | 170549 |
|  | Total Financial Services | 150801953 |
|  **Insurance - 2.8%** | **Insurance - 2.8%** |  |
| 19694 | Aflac Inc. | 2039117 |
| 9382 | Allstate Corp. (The) | 1969000 |
| 2542 | American Financial Group Inc. | 315157 |
| 22273 | American International Group Inc. | 1885187 |
| 6994 | Aon PLC, Class A Shares | 2602328 |
| 12757 | Arch Capital Group Ltd. | 1212425 |
| 14565 | Arthur J. Gallagher & Co. | 5060464 |
| 1872 | Assurant Inc. | 379979 |
| 1699 | Assured Guaranty Ltd. | 143650 |
| 2705 | Axis Capital Holdings Ltd. | 280779 |
| 2242 | Brighthouse Financial Inc.\* | 134094 |
| 8496 | Brown & Brown Inc. | 959198 |
| 14389 | Chubb Ltd. | 4276411 |
| 5515 | Cincinnati Financial Corp. | 831772 |
| 929 | CNA Financial Corp. | 44508 |
| 1510 | Everest Group Ltd. | 524257 |
| 9224 | Fidelity National Financial Inc. | 505198 |
| 3281 | First American Financial Corp. | 183113 |
| 2997 | Globe Life Inc. | 365244 |
| 1262 | Hanover Insurance Group Inc. (The) | 222087 |
| 79747 | Hartford Insurance Group Inc. (The) | 10354350 |
| 2288 | Kemper Corp. | 145814 |
| 769 | Kinsale Capital Group Inc. | 362960 |
| 4059 | Lincoln National Corp. | 134515 |
| 6353 | Loews Corp. | 567259 |
| 455 | Markel Group Inc.\* | 883474 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 16.9% - (continued)** | **FINANCIALS - 16.9% - (continued)** | **FINANCIALS - 16.9% - (continued)** |
|  **Insurance - 2.8% - (continued)** | **Insurance - 2.8% - (continued)** | **Insurance - 2.8% - (continued)** |
| 33345 | Marsh & McLennan Cos., Inc. | $7791393 |
| 20710 | MetLife Inc. | 1627392 |
| 8207 | Old Republic International Corp. | 310225 |
| 1153 | Primerica Inc. | 312002 |
| 8011 | Principal Financial Group Inc. | 623977 |
| 66113 | Progressive Corp. (The) | 18837577 |
| 37911 | Prudential Financial Inc. | 3938574 |
| 2351 | Reinsurance Group of America Inc., Class A Shares | 477935 |
| 1835 | RenaissanceRe Holdings Ltd. | 457686 |
| 3004 | RLI Corp. | 230917 |
| 3578 | Ryan Specialty Holdings Inc., Class A Shares | 256077 |
| 36113 | Travelers Cos., Inc. (The) | 9956354 |
| 6319 | Unum Group | 516326 |
| 91 | White Mountains Insurance Group Ltd. | 162417 |
| 3561 | Willis Towers Watson PLC | 1127235 |
| 10390 | WR Berkley Corp. | 776029 |
|  | Total Insurance | 83784456 |
|  **Mortgage Real Estate Investment Trusts (REITs) - 0.1%** | **Mortgage Real Estate Investment Trusts (REITs) - 0.1%** |  |
| 30570 | AGNC Investment Corp. | 273296 |
| 20276 | Annaly Capital Management Inc. | 384230 |
| 18626 | Rithm Capital Corp. | 207680 |
| 11133 | Starwood Property Trust Inc. | 219877 |
|  | Total Mortgage Real Estate Investment Trusts (REITs) | 1085083 |
|  | **TOTAL FINANCIALS** | **507417200** |
|  **HEALTH CARE - 10.3%** | **HEALTH CARE - 10.3%** |  |
|  **Biotechnology - 1.8%** | **Biotechnology - 1.8%** |  |
| 106487 | AbbVie Inc. | 19818296 |
| 4555 | Alnylam Pharmaceuticals Inc.\* | 1387271 |
| 34163 | Amgen Inc. | 9845093 |
| 3284 | Apellis Pharmaceuticals Inc.\* | 55598 |
| 5155 | Biogen Inc.\* | 669067 |
| 6779 | BioMarin Pharmaceutical Inc.\* | 393657 |
| 6661 | Exact Sciences Corp.\* | 374881 |
| 10184 | Exelixis Inc.\* | 438319 |
| 113929 | Gilead Sciences Inc. | 12541304 |
| 818 | GRAIL Inc.\* | 31419 |
| 5793 | Incyte Corp.\* | 376893 |
| 5703 | Ionis Pharmaceuticals Inc.\* | 191108 |
| 11397 | Moderna Inc.\* | 302704 |
| 4049 | Natera Inc.\* | 638649 |
| 3820 | Neurocrine Biosciences Inc.\* | 469936 |
| 3727 | Regeneron Pharmaceuticals Inc. | 1827274 |
| 21068 | Roivant Sciences Ltd.\* | 231537 |
| 3228 | Sarepta Therapeutics Inc.\* | 121373 |
| 2939 | Ultragenyx Pharmaceutical Inc.\* | 100014 |
| 1561 | United Therapeutics Corp.\* | 497725 |
| 9196 | Vertex Pharmaceuticals Inc.\* | 4065092 |
| 3987 | Viking Therapeutics Inc.\* | 106852 |
|  | Total Biotechnology | 54484062 |
|  **Health Care Equipment & Supplies - 2.8%** | **Health Care Equipment & Supplies - 2.8%** |  |
| 143638 | Abbott Laboratories | 19187164 |
| 2678 | Align Technology Inc.\* | 484557 |
| 18115 | Baxter International Inc. | 552507 |
| 37346 | Becton Dickinson & Co. | 6445546 |
| 152096 | Boston Scientific Corp.\* | 16009625 |
| 6926 | Cooper Cos Inc. (The)\* | 472907 |
| 6518 | DENTSPLY SIRONA Inc. | 104158 |
| 13959 | DexCom Inc.\* | 1197682 |
| 20932 | Edwards Lifesciences Corp.\* | 1637301 |
| 1937 | Enovis Corp.\* | 60628 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 10.3% - (continued)** | **HEALTH CARE - 10.3% - (continued)** | **HEALTH CARE - 10.3% - (continued)** |
|  **Health Care Equipment & Supplies - 2.8% - (continued)** | **Health Care Equipment & Supplies - 2.8% - (continued)** | **Health Care Equipment & Supplies - 2.8% - (continued)** |
| 6110 | Envista Holdings Corp.\* | $111630 |
| 16126 | GE HealthCare Technologies Inc. | 1137528 |
| 3942 | Globus Medical Inc., Class A Shares\* | 233288 |
| 7805 | Hologic Inc.\* | 485237 |
| 8480 | IDEXX Laboratories Inc.\* | 4353293 |
| 1041 | Inspire Medical Systems Inc.\* | 143866 |
| 2470 | Insulet Corp.\* | 802824 |
| 23645 | Intuitive Surgical Inc.\* | 13060079 |
| 1569 | Masimo Corp.\* | 254963 |
| 45655 | Medtronic PLC | 3788452 |
| 1330 | Penumbra Inc.\* | 355070 |
| 2295 | QuidelOrtho Corp.\* | 70388 |
| 5159 | ResMed Inc. | 1262872 |
| 5024 | Solventum Corp.\* | 367204 |
| 3490 | STERIS PLC | 855783 |
| 24333 | Stryker Corp. | 9310779 |
| 1609 | Teleflex Inc. | 196732 |
| 7005 | Zimmer Biomet Holdings Inc. | 645651 |
|  | Total Health Care Equipment & Supplies | 83587714 |
|  **Health Care Providers & Services - 1.7%** | **Health Care Providers & Services - 1.7%** |  |
| 3355 | Acadia Healthcare Co., Inc.\* | 75957 |
| 1212 | Amedisys Inc.\* | 114013 |
| 8626 | Cardinal Health Inc. | 1332200 |
| 27561 | Cencora Inc. | 8026866 |
| 17848 | Centene Corp.\* | 1007341 |
| 538 | Chemed Corp. | 309264 |
| 9572 | Cigna Group (The) | 3030878 |
| 44623 | CVS Health Corp. | 2857657 |
| 1670 | DaVita Inc.\* | 227554 |
| 8269 | Elevance Health Inc. | 3173973 |
| 3569 | Encompass Health Corp. | 431492 |
| 6601 | HCA Healthcare Inc. | 2517555 |
| 4390 | Henry Schein Inc.\* | 307256 |
| 4264 | Humana Inc. | 994066 |
| 2964 | Labcorp Holdings Inc. | 737947 |
| 4518 | McKesson Corp. | 3250746 |
| 2004 | Molina Healthcare Inc.\* | 611300 |
| 3625 | Premier Inc., Class A Shares | 83303 |
| 3917 | Quest Diagnostics Inc. | 678973 |
| 3421 | Tenet Healthcare Corp.\* | 577362 |
| 62657 | UnitedHealth Group Inc. | 18916775 |
| 1964 | Universal Health Services Inc., Class B Shares | 373847 |
|  | Total Health Care Providers & Services | 49636325 |
|  **Health Care Technology - 0.1%** | **Health Care Technology - 0.1%** |  |
| 4732 | Certara Inc.\* | 53755 |
| 4333 | Doximity Inc., Class A Shares\* | 225706 |
| 12231 | Veeva Systems Inc., Class A Shares\* | 3421011 |
|  | Total Health Care Technology | 3700472 |
|  **Life Sciences Tools & Services - 1.4%** | **Life Sciences Tools & Services - 1.4%** |  |
| 3003 | 10X Genomics Inc., Class A Shares\* | 28619 |
| 10200 | Agilent Technologies Inc. | 1141584 |
| 177611 | Avantor Inc.\* | 2292958 |
| 1652 | Azenta Inc.\* | 44141 |
| 655 | Bio-Rad Laboratories Inc., Class A Shares\* | 148639 |
| 5418 | Bio-Techne Corp. | 262231 |
| 4874 | Bruker Corp. | 178876 |
| 1812 | Charles River Laboratories International Inc.\* | 245762 |
| 69143 | Danaher Corp. | 13130256 |
| 2657 | Fortrea Holdings Inc.\* | 11425 |
| 5707 | Illumina Inc.\* | 469344 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 10.3% - (continued)** | **HEALTH CARE - 10.3% - (continued)** | **HEALTH CARE - 10.3% - (continued)** |
|  **Life Sciences Tools & Services - 1.4% - (continued)** | **Life Sciences Tools & Services - 1.4% - (continued)** | **Life Sciences Tools & Services - 1.4% - (continued)** |
| 6428 | IQVIA Holdings Inc.\* | $902041 |
| 886 | Medpace Holdings Inc.\* | 261281 |
| 748 | Mettler-Toledo International Inc.\* | 864329 |
| 7584 | QIAGEN NV\* | 342266 |
| 2038 | Repligen Corp.\* | 240627 |
| 4400 | Revvity Inc. | 397848 |
| 4951 | Sotera Health Co.\* | 60600 |
| 45465 | Thermo Fisher Scientific Inc. | 18314211 |
| 2077 | Waters Corp.\* | 725372 |
| 2577 | West Pharmaceutical Services Inc. | 543360 |
|  | Total Life Sciences Tools & Services | 40605770 |
|  **Pharmaceuticals - 2.5%** | **Pharmaceuticals - 2.5%** | **Pharmaceuticals - 2.5%** |
| 72140 | Bristol-Myers Squibb Co. | 3482919 |
| 18591 | Elanco Animal Health Inc.\* | 249863 |
| 31429 | Eli Lilly & Co. | 23184230 |
| 1996 | Jazz Pharmaceuticals PLC\* | 215708 |
| 119639 | Johnson & Johnson | 18569169 |
| 139330 | Merck & Co., Inc. | 10706117 |
| 23345 | Novo Nordisk AS, ADR(b) | 1669168 |
| 8895 | Organon & Co. | 82012 |
| 4681 | Perrigo Co. PLC | 125310 |
| 201652 | Pfizer Inc. | 4736806 |
| 13348 | Royalty Pharma PLC, Class A Shares | 438882 |
| 43270 | Viatris Inc. | 380343 |
| 74776 | Zoetis Inc., Class A Shares | 12609477 |
|  | Total Pharmaceuticals | 76450004 |
|  | **TOTAL HEALTH CARE** | **308464347** |
|  **INDUSTRIALS - 10.5%** | **INDUSTRIALS - 10.5%** | **INDUSTRIALS - 10.5%** |
|  **Aerospace & Defense - 2.9%** | **Aerospace & Defense - 2.9%** | **Aerospace & Defense - 2.9%** |
| 34030 | Airbus SE, ADR | 1557553 |
| 4456 | ATI Inc.\* | 354876 |
| 2566 | Axon Enterprise Inc.\* | 1925424 |
| 26607 | Boeing Co. (The)\* | 5516163 |
| 3245 | BWX Technologies Inc. | 407572 |
| 1365 | Curtiss-Wright Corp. | 600750 |
| 9725 | General Dynamics Corp. | 2708315 |
| 38282 | General Electric Co. | 9413927 |
| 1584 | HEICO Corp. | 474630 |
| 30948 | HEICO Corp., Class A Shares | 7298776 |
| 2991 | Hexcel Corp. | 158194 |
| 14465 | Howmet Aerospace Inc. | 2457459 |
| 1400 | Huntington Ingalls Industries Inc. | 312284 |
| 6697 | L3Harris Technologies Inc. | 1636345 |
| 1251 | Loar Holdings Inc.\* | 108900 |
| 7501 | Lockheed Martin Corp. | 3618332 |
| 4869 | Northrop Grumman Corp. | 2360345 |
| 142366 | RTX Corp. | 19430112 |
| 4309 | Spirit AeroSystems Holdings Inc., Class A Shares\* | 161070 |
| 4559 | Standard Aero Inc.\* | 133715 |
| 69583 | Textron Inc. | 5151230 |
| 13674 | TransDigm Group Inc. | 20079312 |
| 2069 | Woodward Inc. | 447587 |
|  | Total Aerospace & Defense | 86312871 |
|  **Air Freight & Logistics - 0.2%** | **Air Freight & Logistics - 0.2%** | **Air Freight & Logistics - 0.2%** |
| 4181 | CH Robinson Worldwide Inc. | 401251 |
| 4959 | Expeditors International of Washington Inc. | 559028 |
| 7837 | FedEx Corp. | 1709250 |
| 4137 | GXO Logistics Inc.\* | 170196 |
| 25971 | United Parcel Service Inc., Class B Shares | 2533211 |
|  | Total Air Freight & Logistics | 5372936 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 10.5% - (continued)** | **INDUSTRIALS - 10.5% - (continued)** | **INDUSTRIALS - 10.5% - (continued)** |
|  **Building Products - 0.8%** | **Building Products - 0.8%** | **Building Products - 0.8%** |
| 2335 | AAON Inc. | $224837 |
| 2449 | Advanced Drainage Systems Inc. | 269292 |
| 3169 | Allegion PLC | 452216 |
| 4089 | AO Smith Corp. | 262964 |
| 1581 | Armstrong World Industries Inc. | 246051 |
| 4887 | AZEK Co., Inc. (The), Class A Shares\* | 241955 |
| 4066 | Builders FirstSource Inc.\* | 437827 |
| 1604 | Carlisle Cos., Inc. | 609809 |
| 122886 | Carrier Global Corp. | 8749483 |
| 4311 | Fortune Brands Innovations Inc. | 217275 |
| 4481 | Hayward Holdings Inc.\* | 62510 |
| 23551 | Johnson Controls International PLC | 2387365 |
| 1132 | Lennox International Inc. | 638958 |
| 7758 | Masco Corp. | 484254 |
| 36935 | Owens Corning | 4947443 |
| 1529 | Simpson Manufacturing Co., Inc. | 238065 |
| 8062 | Trane Technologies PLC | 3468837 |
| 3751 | Trex Co., Inc.\* | 209568 |
|  | Total Building Products | 24148709 |
|  **Commercial Services & Supplies - 0.7%** | **Commercial Services & Supplies - 0.7%** | **Commercial Services & Supplies - 0.7%** |
| 12316 | Cintas Corp. | 2789574 |
| 1849 | Clean Harbors Inc.\* | 419335 |
| 156674 | Copart Inc.\* | 8065578 |
| 1363 | MSA Safety Inc. | 222128 |
| 6474 | RB Global Inc. | 681712 |
| 7259 | Republic Services Inc., Class A Shares | 1867668 |
| 10428 | Rollins Inc. | 597003 |
| 9363 | Tetra Tech Inc. | 327143 |
| 8733 | Veralto Corp. | 882295 |
| 3870 | Vestis Corp. | 23839 |
| 14263 | Waste Management Inc. | 3436955 |
|  | Total Commercial Services & Supplies | 19313230 |
|  **Construction & Engineering - 0.4%** | **Construction & Engineering - 0.4%** | **Construction & Engineering - 0.4%** |
| 4732 | AECOM | 519810 |
| 8473 | API Group Corp.\* | 395435 |
| 1258 | Comfort Systems USA Inc. | 601613 |
| 1609 | EMCOR Group Inc. | 759223 |
| 1637 | Everus Construction Group Inc.\* | 94799 |
| 2234 | MasTec Inc.\* | 348348 |
| 29506 | Quanta Services Inc. | 10107575 |
| 733 | Valmont Industries Inc. | 233123 |
| 6243 | WillScot Holdings Corp. | 168249 |
|  | Total Construction & Engineering | 13228175 |
|  **Electrical Equipment - 1.3%** | **Electrical Equipment - 1.3%** | **Electrical Equipment - 1.3%** |
| 1072 | Acuity Inc. | 278602 |
| 8164 | AMETEK Inc. | 1459233 |
| 29074 | Eaton Corp. PLC | 9309495 |
| 20383 | Emerson Electric Co. | 2433323 |
| 28414 | GE Vernova Inc. | 13439254 |
| 2096 | Generac Holdings Inc.\* | 255984 |
| 1893 | Hubbell Inc., Class B Shares | 737475 |
| 5727 | nVent Electric PLC | 376837 |
| 2364 | Regal Rexnord Corp. | 315452 |
| 25085 | Rockwell Automation Inc. | 7915572 |
| 5484 | Sensata Technologies Holding PLC | 142913 |
| 12758 | Vertiv Holdings Co., Class A Shares | 1376971 |
|  | Total Electrical Equipment | 38041111 |
|  **Ground Transportation - 1.0%** | **Ground Transportation - 1.0%** | **Ground Transportation - 1.0%** |
| 546 | Avis Budget Group Inc.\* | 66497 |
| 249835 | CSX Corp. | 7892288 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 10.5% - (continued)** | **INDUSTRIALS - 10.5% - (continued)** | **INDUSTRIALS - 10.5% - (continued)** |
|  **Ground Transportation - 1.0% - (continued)** | **Ground Transportation - 1.0% - (continued)** | **Ground Transportation - 1.0% - (continued)** |
| 2932 | JB Hunt Transport Services Inc. | $407108 |
| 5507 | Knight-Swift Transportation Holdings Inc., Class A Shares | 244070 |
| 1229 | Landstar System Inc. | 168643 |
| 13731 | Lyft Inc., Class A Shares\* | 209260 |
| 7993 | Norfolk Southern Corp. | 1975230 |
| 6875 | Old Dominion Freight Line Inc. | 1101169 |
| 1439 | Ryder System Inc. | 211720 |
| 920 | Saia Inc.\* | 243257 |
| 1934 | Schneider National Inc., Class B Shares | 44811 |
| 111528 | Uber Technologies Inc.\* | 9386197 |
| 219 | U-Haul Holding Co.\* | 14016 |
| 3719 | U-Haul Holding Co.-Non Voting | 212132 |
| 36763 | Union Pacific Corp. | 8148887 |
| 4112 | XPO Inc.\* | 468069 |
|  | Total Ground Transportation | 30793354 |
|  **Industrial Conglomerates - 0.6%** | **Industrial Conglomerates - 0.6%** |  |
| 19366 | 3M Co | 2872946 |
| 61271 | Honeywell International Inc. | 13888298 |
|  | Total Industrial Conglomerates | 16761244 |
|  **Machinery - 1.4%** | **Machinery - 1.4%** |  |
| 2303 | AGCO Corp. | 225648 |
| 3034 | Allison Transmission Holdings Inc. | 314080 |
| 17168 | Caterpillar Inc. | 5974979 |
| 30818 | CNH Industrial NV | 385533 |
| 1766 | Crane Co. | 302692 |
| 4832 | Cummins Inc. | 1553391 |
| 8864 | Deere & Co. | 4487489 |
| 4399 | Donaldson Co., Inc. | 305950 |
| 4849 | Dover Corp. | 861910 |
| 2059 | Esab Corp. | 253236 |
| 4792 | Flowserve Corp. | 239169 |
| 12264 | Fortive Corp. | 860810 |
| 8769 | Gates Industrial Corp. PLC\* | 185464 |
| 5966 | Graco Inc. | 505082 |
| 2708 | IDEX Corp. | 489904 |
| 10428 | Illinois Tool Works Inc. | 2555694 |
| 14344 | Ingersoll Rand Inc. | 1171044 |
| 2992 | ITT Inc. | 450416 |
| 1945 | Lincoln Electric Holdings Inc. | 376533 |
| 1852 | Middleby Corp. (The)\* | 270633 |
| 2051 | Nordson Corp. | 434792 |
| 2343 | Oshkosh Corp. | 232402 |
| 14115 | Otis Worldwide Corp. | 1345865 |
| 18191 | PACCAR Inc. | 1707225 |
| 18935 | Parker-Hannifin Corp. | 12586095 |
| 5673 | Pentair PLC | 562648 |
| 1037 | RBC Bearings Inc.\* | 379407 |
| 1830 | Snap-on Inc. | 586973 |
| 5571 | Stanley Black & Decker Inc. | 364511 |
| 2356 | Timken Co. (The) | 161362 |
| 3557 | Toro Co. (The) | 269549 |
| 6059 | Westinghouse Air Brake Technologies Corp. | 1225857 |
| 8574 | Xylem Inc. | 1080667 |
|  | Total Machinery | 42707010 |
|  **Marine Transportation - 0.0%@** | **Marine Transportation - 0.0%@** |  |
| 2033 | Kirby Corp.\* | 224931 |
|  **Passenger Airlines - 0.3%** | **Passenger Airlines - 0.3%** |  |
| 4475 | Alaska Air Group Inc.\* | 227912 |
| 23742 | American Airlines Group Inc.\* | 270896 |
| 141633 | Delta Air Lines Inc. | 6853621 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** | **Value** |
|  **INDUSTRIALS - 10.5% - (continued)** | **INDUSTRIALS - 10.5% - (continued)** |  |  |
|  **Passenger Airlines - 0.3% - (continued)** | **Passenger Airlines - 0.3% - (continued)** |  |  |
| 21219 | Southwest Airlines Co.(b) | $| 708290 |
| 11576 | United Airlines Holdings Inc.\* |  | 919655 |
|  | Total Passenger Airlines |  | 8980374 |
|  **Professional Services - 0.5%** | **Professional Services - 0.5%** |  |  |
| 5182 | Amentum Holdings Inc.\* |  | 107060 |
| 14620 | Automatic Data Processing Inc. |  | 4759249 |
| 4498 | Booz Allen Hamilton Holding Corp., Class A Shares |  | 477913 |
| 4170 | Broadridge Financial Solutions Inc. |  | 1012601 |
| 768 | CACI International Inc., Class A Shares\* |  | 328704 |
| 12941 | Clarivate PLC\* |  | 54611 |
| 1844 | Concentrix Corp. |  | 103199 |
| 5397 | Dayforce Inc.\* |  | 318855 |
| 11258 | Dun & Bradstreet Holdings Inc. |  | 101435 |
| 4350 | Equifax Inc. |  | 1149226 |
| 1256 | FTI Consulting Inc.\* |  | 206185 |
| 6058 | Genpact Ltd. |  | 260797 |
| 4383 | Jacobs Solutions Inc. |  | 553573 |
| 4700 | KBR Inc. |  | 245293 |
| 4693 | Leidos Holdings Inc. |  | 697004 |
| 1598 | ManpowerGroup Inc. |  | 67036 |
| 1715 | Parsons Corp.\* |  | 111201 |
| 11373 | Paychex Inc. |  | 1795910 |
| 1830 | Paycom Software Inc. |  | 474135 |
| 1524 | Paylocity Holding Corp.\* |  | 290932 |
| 3512 | Robert Half Inc. |  | 160814 |
| 1713 | Science Applications International Corp. |  | 197920 |
| 7609 | SS&C Technologies Holdings Inc. |  | 614883 |
| 6901 | TransUnion |  | 590933 |
| 5046 | Verisk Analytics Inc., Class A Shares |  | 1585150 |
|  | Total Professional Services |  | 16264619 |
|  **Trading Companies & Distributors - 0.4%** | **Trading Companies & Distributors - 0.4%** | **Trading Companies & Distributors - 0.4%** | **Trading Companies & Distributors - 0.4%** |
| 3876 | Air Lease Corp., Class A Shares |  | 223296 |
| 6620 | Core & Main Inc., Class A Shares\* |  | 362842 |
| 40486 | Fastenal Co. |  | 1673691 |
| 7086 | Ferguson Enterprises Inc. |  | 1292061 |
| 1600 | MSC Industrial Direct Co., Inc., Class A Shares |  | 129920 |
| 1601 | SiteOne Landscape Supply Inc.\* |  | 187013 |
| 2316 | United Rentals Inc. |  | 1640608 |
| 1306 | Watsco Inc. |  | 579303 |
| 1464 | WESCO International Inc. |  | 245791 |
| 5757 | WW Grainger Inc. |  | 6261083 |
|  | Total Trading Companies & Distributors |  | 12595608 |
|  | **TOTAL INDUSTRIALS** |  | **314744172** |
|  **INFORMATION TECHNOLOGY - 26.4%** | **INFORMATION TECHNOLOGY - 26.4%** |  |  |
|  **Communications Equipment - 1.0%** | **Communications Equipment - 1.0%** |  |  |
| 36685 | Arista Networks Inc.\* |  | 3178388 |
| 4980 | Ciena Corp.\* |  | 398699 |
| 277565 | Cisco Systems Inc. |  | 17497698 |
| 2063 | F5 Inc.\* |  | 588739 |
| 11688 | Juniper Networks Inc. |  | 419950 |
| 2561 | Lumentum Holdings Inc.\* |  | 185109 |
| 21406 | Motorola Solutions Inc. |  | 8891624 |
| 142 | Ubiquiti Inc. |  | 56131 |
|  | Total Communications Equipment |  | 31216338 |
|  **Electronic Equipment, Instruments & Components - 0.5%** | **Electronic Equipment, Instruments & Components - 0.5%** |  |  |
| 70656 | Amphenol Corp., Class A Shares |  | 6354094 |
| 1814 | Arrow Electronics Inc.\* |  | 214741 |
| 3107 | Avnet Inc. |  | 155381 |
| 4751 | CDW Corp. |  | 856890 |
| 5859 | Cognex Corp. |  | 175594 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** | **Value** |
|  **INFORMATION TECHNOLOGY - 26.4% - (continued)** | **INFORMATION TECHNOLOGY - 26.4% - (continued)** |  |  |
|  **Electronic Equipment, Instruments & Components - 0.5% - (continued)** | **Electronic Equipment, Instruments & Components - 0.5% - (continued)** |  |  |
| 4311 | Coherent Corp.\* | $| 326041 |
| 27170 | Corning Inc. |  | 1347360 |
| 1921 | Crane NXT Co. |  | 102985 |
| 898 | Ingram Micro Holding Corp. |  | 17179 |
| 1005 | IPG Photonics Corp.\* |  | 66591 |
| 3877 | Jabil Inc. |  | 651375 |
| 6240 | Keysight Technologies Inc.\* |  | 979930 |
| 852 | Littelfuse Inc. |  | 174711 |
| 2673 | TD SYNNEX Corp. |  | 324342 |
| 1637 | Teledyne Technologies Inc.\* |  | 816634 |
| 8662 | Trimble Inc.\* |  | 617341 |
| 5348 | Vontier Corp. |  | 191191 |
| 1834 | Zebra Technologies Corp., Class A Shares\* |  | 531438 |
|  | Total Electronic Equipment, Instruments & Components |  | 13903818 |
|  **IT Services - 1.1%** | **IT Services - 1.1%** | **IT Services - 1.1%** | **IT Services - 1.1%** |
| 32020 | Accenture PLC, Class A Shares |  | 10144576 |
| 5362 | Akamai Technologies Inc.\* |  | 407137 |
| 3847 | Amdocs Ltd. |  | 353001 |
| 10782 | Cloudflare Inc., Class A Shares\* |  | 1788626 |
| 17602 | Cognizant Technology Solutions Corp., Class A Shares |  | 1425586 |
| 6133 | DXC Technology Co.\* |  | 93222 |
| 1990 | EPAM Systems Inc.\* |  | 347235 |
| 7191 | Gartner Inc.\* |  | 3138296 |
| 1523 | Globant SA\* |  | 149391 |
| 5005 | GoDaddy Inc., Class A Shares\* |  | 911661 |
| 32629 | International Business Machines Corp. |  | 8452869 |
| 8104 | Kyndryl Holdings Inc.\* |  | 316380 |
| 2571 | MongoDB Inc., Class A Shares\* |  | 485482 |
| 5734 | Okta Inc., Class A Shares\* |  | 591577 |
| 11044 | Snowflake Inc., Class A Shares\* |  | 2271419 |
| 5400 | Twilio Inc., Class A Shares\* |  | 635580 |
| 2943 | VeriSign Inc. |  | 801879 |
|  | Total IT Services |  | 32313917 |
|  **Semiconductors & Semiconductor Equipment - 8.6%** | **Semiconductors & Semiconductor Equipment - 8.6%** |  |  |
| 57256 | Advanced Micro Devices Inc.\* |  | 6339957 |
| 3886 | Allegro MicroSystems Inc.\* |  | 98510 |
| 4511 | Amkor Technology Inc. |  | 81288 |
| 17623 | Analog Devices Inc. |  | 3770969 |
| 28943 | Applied Materials Inc. |  | 4536815 |
| 5211 | ASML Holding NV, Class REG Shares, ADR |  | 3839308 |
| 3844 | Astera Labs Inc.\* |  | 348728 |
| 241072 | Broadcom Inc. |  | 58356299 |
| 1813 | Cirrus Logic Inc.\* |  | 178327 |
| 4697 | Enphase Energy Inc.\* |  | 194409 |
| 5428 | Entegris Inc. |  | 373121 |
| 3802 | First Solar Inc.\* |  | 601020 |
| 3375 | GLOBALFOUNDRIES Inc.\* |  | 120825 |
| 154180 | Intel Corp. |  | 3014219 |
| 4729 | KLA Corp. |  | 3579285 |
| 45728 | Lam Research Corp. |  | 3694365 |
| 5007 | Lattice Semiconductor Corp.\* |  | 225015 |
| 2243 | MACOM Technology Solutions Holdings Inc.\* |  | 272771 |
| 30309 | Marvell Technology Inc. |  | 1824299 |
| 18752 | Microchip Technology Inc. |  | 1088366 |
| 93628 | Micron Technology Inc. |  | 8844101 |
| 2338 | MKS Inc. |  | 192160 |
| 1677 | Monolithic Power Systems Inc. |  | 1110006 |
| 1030647 | NVIDIA Corp. |  | 139271329 |
| 52264 | ON Semiconductor Corp.\* |  | 2196133 |
| 1764 | Onto Innovation Inc.\* |  | 162182 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 26.4% - (continued)** | **INFORMATION TECHNOLOGY - 26.4% - (continued)** |  |
|  **Semiconductors & Semiconductor Equipment - 8.6% - (continued)** | **Semiconductors & Semiconductor Equipment - 8.6% - (continued)** |  |
| 3341 | Qorvo Inc.\* | $253983 |
| 39719 | QUALCOMM Inc. | 5767199 |
| 5826 | Skyworks Solutions Inc. | 402169 |
| 10893 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 2105835 |
| 5608 | Teradyne Inc. | 440789 |
| 32373 | Texas Instruments Inc. | 5919403 |
| 1662 | Universal Display Corp. | 238248 |
| 3946 | Wolfspeed Inc.\*(b) | 4696 |
|  | Total Semiconductors & Semiconductor Equipment | 259446129 |
|  **Software - 11.2%** | **Software - 11.2%** |  |
| 15481 | Adobe Inc.\* | 6426008 |
| 3113 | ANSYS Inc.\* | 1029843 |
| 836 | Appfolio Inc., Class A Shares\* | 176538 |
| 9342 | AppLovin Corp., Class A Shares\* | 3671406 |
| 5714 | Atlassian Corp., Class A Shares\* | 1186398 |
| 7686 | Autodesk Inc.\* | 2275978 |
| 4815 | Bentley Systems Inc., Class B Shares | 229820 |
| 3636 | BILL Holdings Inc.\* | 158821 |
| 47737 | Cadence Design Systems Inc.\* | 13703861 |
| 16717 | CCC Intelligent Solutions Holdings Inc.\* | 146775 |
| 8797 | Confluent Inc., Class A Shares\* | 202595 |
| 598 | Constellation Software Inc. | 2166991 |
| 8184 | Crowdstrike Holdings Inc., Class A Shares\* | 3857692 |
| 10818 | Datadog Inc., Class A Shares\* | 1275226 |
| 7112 | Docusign Inc., Class A Shares\* | 630194 |
| 2232 | Dolby Laboratories Inc., Class A Shares | 165748 |
| 8161 | Dropbox Inc., Class A Shares\* | 235527 |
| 10480 | Dynatrace Inc.\* | 566025 |
| 3062 | Elastic NV\* | 247624 |
| 839 | Fair Isaac Corp.\* | 1448349 |
| 2772 | Five9 Inc.\* | 73486 |
| 22499 | Fortinet Inc.\* | 2289948 |
| 19385 | Gen Digital Inc. | 552085 |
| 5397 | Gitlab Inc., Class A Shares\* | 245618 |
| 2902 | Guidewire Software Inc.\* | 623988 |
| 1766 | HubSpot Inc.\* | 1041763 |
| 2632 | Informatica Inc., Class A Shares\* | 63194 |
| 16774 | Intuit Inc. | 12638706 |
| 2099 | Manhattan Associates Inc.\* | 396249 |
| 409762 | Microsoft Corp. | 188638034 |
| 8172 | MicroStrategy Inc., Class A Shares\* | 3015958 |
| 2741 | nCino Inc.\* | 72088 |
| 8876 | Nutanix Inc., Class A Shares\* | 680700 |
| 91033 | Oracle Corp. | 15068693 |
| 73219 | Palantir Technologies Inc., Class A Shares\* | 9648800 |
| 52732 | Palo Alto Networks Inc.\* | 10146692 |
| 1651 | Pegasystems Inc. | 162046 |
| 4460 | Procore Technologies Inc.\* | 299578 |
| 4187 | PTC Inc.\* | 704756 |
| 2788 | RingCentral Inc., Class A Shares\* | 72293 |
| 17279 | Roper Technologies Inc. | 9853695 |
| 53287 | Salesforce Inc. | 14140771 |
| 9896 | SentinelOne Inc., Class A Shares\* | 174269 |
| 8204 | ServiceNow Inc.\* | 8294982 |
| 12230 | Synopsys Inc.\* | 5674475 |
| 3069 | Teradata Corp.\* | 67395 |
| 1522 | Tyler Technologies Inc.\* | 878179 |
| 14478 | UiPath Inc., Class A Shares\* | 192702 |
| 11139 | Unity Software Inc.\* | 290505 |
| 33254 | Workday Inc., Class A Shares\* | 8237348 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 26.4% - (continued)** | **INFORMATION TECHNOLOGY - 26.4% - (continued)** | **INFORMATION TECHNOLOGY - 26.4% - (continued)** |
|  **Software - 11.2% - (continued)** | **Software - 11.2% - (continued)** | **Software - 11.2% - (continued)** |
| 9324 | Zoom Communications Inc., Class A Shares\* | $757575 |
| 3369 | Zscaler Inc.\* | 928833 |
|  | Total Software | 335726823 |
|  **Technology Hardware, Storage & Peripherals - 4.0%** | **Technology Hardware, Storage & Peripherals - 4.0%** | **Technology Hardware, Storage & Peripherals - 4.0%** |
| 574911 | Apple Inc. | 115470874 |
| 9847 | Dell Technologies Inc., Class C Shares | 1095676 |
| 46425 | Hewlett Packard Enterprise Co. | 802224 |
| 33273 | HP Inc. | 828498 |
| 7186 | NetApp Inc. | 712564 |
| 11472 | Pure Storage Inc., Class A Shares\* | 614785 |
| 4160 | Sandisk Corp.\* | 156790 |
| 17613 | Super Micro Computer Inc.\* | 704872 |
| 12354 | Western Digital Corp.\* | 636849 |
|  | Total Technology Hardware, Storage & Peripherals | 121023132 |
|  | **TOTAL INFORMATION TECHNOLOGY** | **793630157** |
|  **MATERIALS - 2.6%** | **MATERIALS - 2.6%** | **MATERIALS - 2.6%** |
|  **Chemicals - 1.5%** | **Chemicals - 1.5%** | **Chemicals - 1.5%** |
| 29662 | Air Products & Chemicals Inc. | 8273028 |
| 4069 | Albemarle Corp.(b) | 226887 |
| 1606 | Ashland Inc. | 79513 |
| 7792 | Axalta Coating Systems Ltd.\* | 239994 |
| 3767 | Celanese Corp., Class A Shares | 199011 |
| 6204 | CF Industries Holdings Inc. | 562765 |
| 5776 | Chemours Co. (The). | 58511 |
| 24619 | Corteva Inc. | 1743025 |
| 24890 | Dow Inc. | 690449 |
| 77367 | DuPont de Nemours Inc. | 5168116 |
| 4100 | Eastman Chemical Co. | 321317 |
| 8906 | Ecolab Inc. | 2365612 |
| 8379 | Element Solutions Inc. | 179143 |
| 4625 | FMC Corp. | 187590 |
| 5197 | Huntsman Corp. | 57895 |
| 9022 | International Flavors & Fragrances Inc. | 690724 |
| 27976 | Linde PLC | 13081018 |
| 8946 | LyondellBasell Industries NV, Class A Shares | 505359 |
| 11554 | Mosaic Co. (The) | 417562 |
| 236 | NewMarket Corp. | 151998 |
| 4515 | Olin Corp. | 87636 |
| 8288 | PPG Industries Inc. | 918310 |
| 4535 | RPM International Inc. | 516264 |
| 1413 | Scotts Miracle-Gro Co. (The) | 84158 |
| 25605 | Sherwin-Williams Co. (The) | 9187330 |
| 1167 | Westlake Corp. | 82892 |
|  | Total Chemicals | 46076107 |
|  **Construction Materials - 0.5%** | **Construction Materials - 0.5%** | **Construction Materials - 0.5%** |
| 24300 | CRH PLC | 2215188 |
| 1171 | Eagle Materials Inc. | 236788 |
| 13845 | Martin Marietta Materials Inc. | 7580830 |
| 19239 | Vulcan Materials Co. | 5099681 |
|  | Total Construction Materials | 15132487 |
|  **Containers & Packaging - 0.2%** | **Containers & Packaging - 0.2%** | **Containers & Packaging - 0.2%** |
| 80152 | Amcor PLC | 730185 |
| 2417 | AptarGroup Inc. | 382853 |
| 2855 | Avery Dennison Corp. | 507419 |
| 10354 | Ball Corp. | 554767 |
| 4221 | Crown Holdings Inc. | 415769 |
| 10358 | Graphic Packaging Holding Co. | 230155 |
| 18720 | International Paper Co. | 895003 |
| 3138 | Packaging Corp. of America | 606167 |
| 3841 | Sealed Air Corp. | 123680 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **MATERIALS - 2.6% - (continued)** | **MATERIALS - 2.6% - (continued)** | **MATERIALS - 2.6% - (continued)** |
|  **Containers & Packaging - 0.2% - (continued)** | **Containers & Packaging - 0.2% - (continued)** | **Containers & Packaging - 0.2% - (continued)** |
| 3002 | Silgan Holdings Inc. | $165320 |
| 18358 | Smurfit WestRock PLC | 795452 |
| 3505 | Sonoco Products Co. | 159618 |
|  | Total Containers & Packaging | 5566388 |
|  **Metals & Mining - 0.4%** | **Metals & Mining - 0.4%** | **Metals & Mining - 0.4%** |
| 8519 | Alcoa Corp. | 228054 |
| 18130 | Cleveland-Cliffs Inc.\* | 105698 |
| 167238 | Freeport-McMoRan Inc. | 6435318 |
| 4777 | MP Materials Corp.\* | 104091 |
| 40631 | Newmont Corp. | 2142066 |
| 8372 | Nucor Corp. | 915562 |
| 1925 | Reliance Inc. | 563678 |
| 2316 | Royal Gold Inc. | 412526 |
| 3082 | Southern Copper Corp. | 280185 |
| 5069 | Steel Dynamics Inc. | 623842 |
| 7900 | United States Steel Corp. | 425178 |
|  | Total Metals & Mining | 12236198 |
|  **Paper & Forest Products - 0.0%@** | **Paper & Forest Products - 0.0%@** | **Paper & Forest Products - 0.0%@** |
| 2196 | Louisiana-Pacific Corp. | 197794 |
|  | **TOTAL MATERIALS** | **79208974** |
|  **REAL ESTATE - 2.5%** | **REAL ESTATE - 2.5%** | **REAL ESTATE - 2.5%** |
|  **Diversified REITs - 0.0%@** | **Diversified REITs - 0.0%@** | **Diversified REITs - 0.0%@** |
| 7725 | WP Carey Inc. | 484821 |
|  **Health Care REITs - 0.2%** | **Health Care REITs - 0.2%** | **Health Care REITs - 0.2%** |
| 6113 | Alexandria Real Estate Equities Inc. | 429071 |
| 12028 | Healthcare Realty Trust Inc., Class A Shares | 174406 |
| 24931 | Healthpeak Properties Inc. | 434049 |
| 21700 | Medical Properties Trust Inc.(b) | 99169 |
| 9802 | Omega Healthcare Investors Inc. | 362674 |
| 14893 | Ventas Inc. | 957322 |
| 21922 | Welltower Inc. | 3382126 |
|  | Total Health Care REITs | 5838817 |
|  **Hotel & Resort REITs - 0.0%@** | **Hotel & Resort REITs - 0.0%@** | **Hotel & Resort REITs - 0.0%@** |
| 25319 | Host Hotels & Resorts Inc. | 392191 |
| 7686 | Park Hotels & Resorts Inc. | 79627 |
|  | Total Hotel & Resort REITs | 471818 |
|  **Industrial REITs - 0.3%** | **Industrial REITs - 0.3%** | **Industrial REITs - 0.3%** |
| 9865 | Americold Realty Trust Inc. | 163463 |
| 1688 | EastGroup Properties Inc. | 286200 |
| 4785 | First Industrial Realty Trust Inc. | 236523 |
| 2986 | Lineage Inc. | 127472 |
| 77702 | Prologis Inc. | 8438437 |
| 7688 | Rexford Industrial Realty Inc. | 270925 |
| 6589 | STAG Industrial Inc. | 234437 |
|  | Total Industrial REITs | 9757457 |
|  **Office REITs - 0.1%** | **Office REITs - 0.1%** | **Office REITs - 0.1%** |
| 5464 | BXP Inc. | 367891 |
| 5895 | Cousins Properties Inc. | 165473 |
| 3477 | Highwoods Properties Inc. | 103267 |
| 4190 | Kilroy Realty Corp. | 134918 |
| 6345 | Vornado Realty Trust | 239016 |
|  | Total Office REITs | 1010565 |
|  **Real Estate Management & Development - 0.3%** | **Real Estate Management & Development - 0.3%** | **Real Estate Management & Development - 0.3%** |
| 10817 | CBRE Group Inc., Class A Shares\* | 1352341 |
| 96252 | CoStar Group Inc.\* | 7080297 |
| 1100 | Howard Hughes Holdings Inc.\* | 75141 |
| 1719 | Jones Lang LaSalle Inc.\* | 382821 |
| 276 | Seaport Entertainment Group Inc.\* | 5393 |
| 1770 | Zillow Group Inc., Class A Shares\* | 117121 |
| 5605 | Zillow Group Inc., Class C Shares\* | 376152 |
|  | Total Real Estate Management & Development | 9389266 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **REAL ESTATE - 2.5% - (continued)** | **REAL ESTATE - 2.5% - (continued)** | **REAL ESTATE - 2.5% - (continued)** |
|  **Residential REITs - 0.3%** | **Residential REITs - 0.3%** | **Residential REITs - 0.3%** |
| 12072 | American Homes 4 Rent, Class A Shares | $456925 |
| 5047 | AvalonBay Communities Inc. | 1043568 |
| 3716 | Camden Property Trust | 436593 |
| 49976 | Equity LifeStyle Properties Inc. | 3176974 |
| 13497 | Equity Residential | 946680 |
| 2262 | Essex Property Trust Inc. | 642182 |
| 21639 | Invitation Homes Inc. | 729234 |
| 4100 | Mid-America Apartment Communities Inc. | 642265 |
| 4472 | Sun Communities Inc. | 552024 |
| 11699 | UDR Inc. | 484690 |
|  | Total Residential REITs | 9111135 |
|  **Retail REITs - 0.2%** | **Retail REITs - 0.2%** | **Retail REITs - 0.2%** |
| 3747 | Agree Realty Corp.(b) | 282149 |
| 10566 | Brixmor Property Group Inc. | 268482 |
| 2957 | Federal Realty Investment Trust | 282334 |
| 23484 | Kimco Realty Corp. | 499270 |
| 6409 | NNN REIT Inc. | 267640 |
| 30824 | Realty Income Corp. | 1745255 |
| 6480 | Regency Centers Corp. | 467532 |
| 11441 | Simon Property Group Inc. | 1865684 |
|  | Total Retail REITs | 5678346 |
|  **Specialized REITs - 1.1%** | **Specialized REITs - 1.1%** | **Specialized REITs - 1.1%** |
| 44164 | American Tower Corp. | 9479803 |
| 15553 | Crown Castle Inc. | 1560744 |
| 7927 | CubeSmart | 338958 |
| 11719 | Digital Realty Trust Inc. | 2010043 |
| 2805 | EPR Properties | 156210 |
| 6651 | Equinix Inc. | 5911542 |
| 7437 | Extra Space Storage Inc. | 1124103 |
| 9298 | Gaming & Leisure Properties Inc. | 434217 |
| 10420 | Iron Mountain Inc. | 1028558 |
| 3041 | Lamar Advertising Co., Class A Shares | 366562 |
| 4085 | Millrose Properties Inc. | 113849 |
| 2458 | National Storage Affiliates Trust | 84555 |
| 23397 | Public Storage | 7215869 |
| 5193 | Rayonier Inc. | 123074 |
| 3846 | SBA Communications Corp., Class A Shares | 891849 |
| 37286 | VICI Properties Inc., Class A Shares | 1182339 |
| 25710 | Weyerhaeuser Co. | 666146 |
|  | Total Specialized REITs | 32688421 |
|  | **TOTAL REAL ESTATE** | **74430646** |
|  **UTILITIES - 1.9%** | **UTILITIES - 1.9%** | **UTILITIES - 1.9%** |
|  **Electric Utilities - 1.4%** | **Electric Utilities - 1.4%** | **Electric Utilities - 1.4%** |
| 9088 | Alliant Energy Corp. | 565546 |
| 19013 | American Electric Power Co., Inc. | 1967655 |
| 11222 | Constellation Energy Corp. | 3435615 |
| 85569 | Duke Energy Corp. | 10073183 |
| 13453 | Edison International | 748659 |
| 15077 | Entergy Corp. | 1255613 |
| 7906 | Evergy Inc. | 525037 |
| 12975 | Eversource Energy | 840910 |
| 35385 | Exelon Corp. | 1550571 |
| 20590 | FirstEnergy Corp. | 863545 |
| 1900 | IDACORP Inc. | 226005 |
| 157471 | NextEra Energy Inc. | 11123751 |
| 7135 | NRG Energy Inc. | 1112347 |
| 6978 | OGE Energy Corp. | 310312 |
| 77218 | PG&E Corp. | 1303440 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **UTILITIES - 1.9% - (continued)** | **UTILITIES - 1.9% - (continued)** | **UTILITIES - 1.9% - (continued)** |
|  **Electric Utilities - 1.4% - (continued)** | **Electric Utilities - 1.4% - (continued)** | **Electric Utilities - 1.4% - (continued)** |
| 3987 | Pinnacle West Capital Corp. | $363734 |
| 26361 | PPL Corp. | 916045 |
| 38946 | Southern Co. (The) | 3505140 |
| 20583 | Xcel Energy Inc. | 1442868 |
|  | Total Electric Utilities | 42129976 |
|  **Gas Utilities - 0.0%@** | **Gas Utilities - 0.0%@** | **Gas Utilities - 0.0%@** |
| 5545 | Atmos Energy Corp. | 857701 |
| 7585 | MDU Resources Group Inc. | 130386 |
| 3115 | National Fuel Gas Co. | 257112 |
| 7601 | UGI Corp. | 274092 |
|  | Total Gas Utilities | 1519291 |
|  **Independent Power & Renewable Electricity Producers - 0.1%** | **Independent Power & Renewable Electricity Producers - 0.1%** | **Independent Power & Renewable Electricity Producers - 0.1%** |
| 24544 | AES Corp. (The) | 247649 |
| 4816 | Brookfield Renewable Corp. | 141542 |
| 1465 | Clearway Energy Inc., Class A Shares | 42265 |
| 2939 | Clearway Energy Inc., Class C Shares | 90433 |
| 12143 | Vistra Corp. | 1949802 |
|  | Total Independent Power & Renewable Electricity Producers | 2471691 |
|  **Multi-Utilities - 0.4%** | **Multi-Utilities - 0.4%** | **Multi-Utilities - 0.4%** |
| 9500 | Ameren Corp. | 920360 |
| 23113 | CenterPoint Energy Inc. | 860728 |
| 10524 | CMS Energy Corp. | 739100 |
| 12248 | Consolidated Edison Inc. | 1279793 |
| 29639 | Dominion Energy Inc. | 1679642 |
| 7364 | DTE Energy Co. | 1006291 |
| 16703 | NiSource Inc. | 660437 |
| 17855 | Public Service Enterprise Group Inc. | 1446791 |
| 22406 | Sempra | 1760887 |
| 11188 | WEC Energy Group Inc. | 1202039 |
|  | Total Multi-Utilities | 11556068 |
|  **Water Utilities - 0.0%@** | **Water Utilities - 0.0%@** | **Water Utilities - 0.0%@** |
| 6936 | American Water Works Co., Inc. | 991640 |
| 9088 | Essential Utilities Inc. | 350160 |
|  | Total Water Utilities | 1341800 |
|  | **TOTAL UTILITIES** | **59018826** |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $1,695,963,996) | **2958687253** |

---

---

| | | |
|:---|:---|:---|
| **Face**<br> **Amount†** | | |
| **SHORT-TERM INVESTMENTS(d) - 1.7%** | **SHORT-TERM INVESTMENTS(d) - 1.7%** |  |
| **MONEY MARKET FUND - 0.3%** | **MONEY MARKET FUND - 0.3%** | **MONEY MARKET FUND - 0.3%** |
| $7708147 | Invesco STIT - Government & Agency Portfolio, Institutional Class, 4.174%(e)<br> (Cost - $7,708,147) | **7708147** |
| **TIME DEPOSITS - 1.4%** | **TIME DEPOSITS - 1.4%** |  |
| 31538275 | Citibank - New York, 3.680% due 6/2/25 | 31538275 |
| 37580 <sup>CAD</sup> | Royal Bank of Canada - Toronto, 1.570% due 6/2/25 | 27384 |
| 13204302 | Skandinaviska Enskilda Banken AB - Stockholm, 3.680% due 6/2/25 | 13204302 |
|  | **TOTAL TIME DEPOSITS**<br> (Cost - $44,769,961) | **44769961** |
|  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $52,478,108) | **52478108** |
|  | **TOTAL INVESTMENTS - 100.2%**<br> (Cost - $1,748,442,104) | **3011165361** |
|  | Liabilities in Excess of Other Assets - (0.2)% | (6037498) |
|  | **TOTAL NET ASSETS - 100.0%** | $**3005127863** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

\* Non-income producing security.

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) Illiquid security.

(b) All or a portion of this security is on loan (See Note 1).

(c) Affiliated security. As of May 31, 2025, total cost and total value of affiliated security amounted to
$1,915,257 and $5,222,216, respectively.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying Security** | **Beginning<br>Value as of<br>August 31, 2024** | **Purchases<br>at Cost** | **Proceeds<br>from Sales** | **Net Realized<br>Gain/(Loss)**<br> **on Sales** | **Change in<br>Unrealized<br>Appreciation** | **Dividend/<br>Interest<br>Income** | **Ending<br>Value as of<br>May 31, 2025** |
| Morgan Stanley | $3852841 | $426017 | $– | $– | $943358 | $107440 | $5222216 |

---

(d) Inclusive of all short-term holdings, including investments of collateral received from securities lending
transactions. Excluding such collateral, the percentage of portfolio holdings would be 1.4%.

(e) Represents investments of collateral received from securities lending transactions.

# Security that used significant unobservable inputs to determine fair value. At May 31, 2025, the Fund held a Level 3 security with a value of $0, representing 0.0% of net assets. 

At May 31, 2025, for Morgan Stanley Pathway Large Cap Equity ETF the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income<br>Tax Purposes** | **Gross**<br> **Unrealized<br>Appreciation** | **Gross<br>Unrealized<br>(Depreciation)** | **Net<br>Unrealized<br>Appreciation** |
|  Morgan Stanley Pathway Large Cap Equity ETF | $1748442104 | $1311174547 | $(47378708) | $1263795839 |

---

---

| | |
|:---|:---|
| **Abbreviations used in this schedule:** | **Abbreviations used in this schedule:** |
|  <br> ADR | American Depositary Receipt |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Summary of Investments by Security Sector^** | | |
| Information Technology | 26.4 | % |
| Financials | 16.9 |  |
| Consumer Discretionary | 10.6 |  |
| Industrials | 10.5 |  |
| Health Care | 10.3 |  |
| Communication Services | 9.1 |  |
| Consumer Staples | 4.6 |  |
| Energy | 3.0 |  |
| Materials | 2.6 |  |
| Real Estate | 2.5 |  |
| Utilities | 2.0 |  |
| Short-Term Investments | 1.5 |  |
| Total Investments | 100.0 | %+ |

---

---

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

---

+ Does not reflect investments of collateral received from securities lending transactions.

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Large Cap Equity ETF** 

At May 31, 2025, Morgan Stanley Pathway Large Cap Equity ETF had open exchange-traded futures contracts as described below.

The unrealized appreciation on the open contracts was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 E-mini Index Futures | 56 | 6/25 | $15513461 | $16564800 | $1051339 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P MidCap 400 E-mini Index Futures | 3 | 6/25 | 879987 | 901230 | 21243 |
|  |  |  |  |  | $1072582 |

---

At May 31, 2025, Morgan Stanley Pathway Large Cap Equity ETF had deposited cash of $1,285,984 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

**<u>Currency abbreviation used in this schedule:</u>**

---

| | | |
|:---|:---|:---|
| CAD | **—** | Canadian Dollar |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF (formerly Small-Mid Cap Equity Fund)** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **COMMON STOCKS - 97.4%** | **COMMON STOCKS - 97.4%** | **COMMON STOCKS - 97.4%** |
|  **COMMUNICATION SERVICES - 2.4%** | **COMMUNICATION SERVICES - 2.4%** | **COMMUNICATION SERVICES - 2.4%** |
|  **Diversified Telecommunication Services - 0.2%** | **Diversified Telecommunication Services - 0.2%** | **Diversified Telecommunication Services - 0.2%** |
| 368 | Anterix Inc.\* | $9785 |
| 5699 | AST SpaceMobile Inc., Class A Shares\*(a) | 131476 |
| 382 | ATN International Inc. | 5428 |
| 997 | Bandwidth Inc., Class A Shares\* | 13978 |
| 1959 | Cogent Communications Holdings Inc. | 89546 |
| 10749 | Frontier Communications Parent Inc.\* | 389436 |
| 5412 | GCI Liberty Inc.\*# |  |
| 2185 | Globalstar Inc.\* | 40335 |
| 719 | IDT Corp., Class B Shares | 44283 |
| 4933 | Iridium Communications Inc. | 125298 |
| 7854 | Liberty Global Ltd., Class A Shares\* | 75634 |
| 6728 | Liberty Global Ltd., Class C Shares\* | 66473 |
| 2029 | Liberty Latin America Ltd., Class A Shares\* | 9963 |
| 4976 | Liberty Latin America Ltd., Class C Shares\* | 24880 |
| 44025 | Lumen Technologies Inc.\* | 172578 |
| 1859 | Shenandoah Telecommunications Co. | 23386 |
|  | Total Diversified Telecommunication Services | 1222479 |
|  **Entertainment - 0.6%** | **Entertainment - 0.6%** |  |
| 17450 | AMC Entertainment Holdings Inc., Class A Shares\* | 62122 |
| 409 | Atlanta Braves Holdings Inc., Class A Shares\* | 17771 |
| 2295 | Atlanta Braves Holdings Inc., Class C Shares\* | 93200 |
| 4749 | Cinemark Holdings Inc. | 160374 |
| 2993 | Eventbrite Inc., Class A Shares\* | 7063 |
| 1936 | IMAX Corp.\* | 53918 |
| 863 | Liberty Media Corp.-Liberty Live, Class A Shares\* | 62015 |
| 2130 | Liberty Media Corp.-Liberty Live, Class C Shares\* | 155384 |
| 151527 | Lionsgate Studios Corp.\* | 1095540 |
| 4278 | LiveOne Inc.\* | 3161 |
| 1664 | Madison Square Garden Entertainment Corp., Class A Shares\* | 61751 |
| 807 | Madison Square Garden Sports Corp., Class A Shares\* | 153241 |
| 924 | Marcus Corp. (The) | 17076 |
| 3300 | Playstudios Inc.\* | 4422 |
| 2726 | Playtika Holding Corp. | 12921 |
| 697 | Reservoir Media Inc.\* | 5437 |
| 5554 | Roku Inc., Class A Shares\* | 402443 |
| 1283 | Sphere Entertainment Co.\* | 48369 |
| 10100 | Starz Entertainment Corp.\* | 211696 |
| 3462 | TKO Group Holdings Inc., Class A Shares | 546338 |
| 2830 | Vivid Seats Inc., Class A Shares\* | 4415 |
|  | Total Entertainment | 3178657 |
|  **Interactive Media & Services - 0.2%** | **Interactive Media & Services - 0.2%** |  |
| 2127 | Angi Inc., Class A Shares\* | 33288 |
| 3543 | Bumble Inc., Class A Shares\* | 19912 |
| 3737 | Cargurus Inc., Class A Shares\* | 117118 |
| 2485 | Cars.com Inc.\* | 25471 |
| 1212 | EverQuote Inc., Class A Shares\* | 27937 |
| 14529 | fuboTV Inc.\* | 53176 |
| 3599 | Getty Images Holdings Inc.\* | 6406 |
| 968 | Grindr Inc.\* | 23639 |
| 3378 | IAC Inc.\* | 121473 |
| 11092 | Match Group Inc. | 332094 |
| 1244 | MediaAlpha Inc., Class A Shares\* | 12689 |
| 7146 | Nextdoor Holdings Inc.\* | 10933 |
| 1421 | Outbrain Inc.\* | 3666 |
| 2451 | QuinStreet Inc.\* | 37427 |
| 947 | Shutterstock Inc. | 17472 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **COMMUNICATION SERVICES - 2.4% - (continued)** | **COMMUNICATION SERVICES - 2.4% - (continued)** | **COMMUNICATION SERVICES - 2.4% - (continued)** |
|  **Interactive Media & Services - 0.2% - (continued)** | **Interactive Media & Services - 0.2% - (continued)** | **Interactive Media & Services - 0.2% - (continued)** |
| 4675 | TripAdvisor Inc.\* | $66572 |
| 3373 | TrueCar Inc.\* | 4891 |
| 3512 | Trump Media & Technology Group Corp.\*(a) | 74911 |
| 7031 | Vimeo Inc.\* | 30655 |
| 654 | Webtoon Entertainment Inc.\* | 5749 |
| 2830 | Yelp Inc., Class A Shares\* | 108021 |
| 1812 | Ziff Davis Inc.\* | 58781 |
| 2653 | ZipRecruiter Inc., Class A Shares\* | 15838 |
| 12295 | ZoomInfo Technologies Inc., Class A Shares\* | 117417 |
|  | Total Interactive Media & Services | 1325536 |
|  **Media - 1.4%** | **Media - 1.4%** |  |
| 3912 | Advantage Solutions Inc.\* | 4655 |
| 1217 | AMC Networks Inc., Class A Shares\* | 8044 |
| 862 | Boston Omaha Corp., Class A Shares\* | 12671 |
| 244 | Cable One Inc. | 35705 |
| 5913 | Cardlytics Inc.\* | 10703 |
| 13890 | Clear Channel Outdoor Holdings Inc., Class A Shares\* | 14862 |
| 124957 | Criteo SA, ADR\* | 3181405 |
| 6196 | DoubleVerify Holdings Inc.\* | 85133 |
| 5130 | EchoStar Corp., Class A Shares\* | 90955 |
| 2331 | Entravision Communications Corp., Class A Shares | 4825 |
| 2008 | EW Scripps Co. (The), Class A Shares\* | 4458 |
| 711 | Gambling.com Group Ltd.\* | 8383 |
| 7620 | Gannett Co., Inc.\* | 26975 |
| 5110 | Gray Media Inc. | 20287 |
| 737 | Ibotta Inc., Class A Shares\* | 36843 |
| 4494 | iHeartMedia Inc., Class A Shares\* | 5887 |
| 3575 | Integral Ad Science Holding Corp.\* | 29101 |
| 16902 | Interpublic Group of Cos., Inc. (The) | 404972 |
| 1701 | John Wiley & Sons Inc., Class A Shares | 66543 |
| 741 | Liberty Broadband Corp., Class A Shares\* | 68839 |
| 4812 | Liberty Broadband Corp., Class C Shares\* | 451366 |
| 5442 | Magnite Inc.\* | 89031 |
| 2565 | National CineMedia Inc. | 13979 |
| 6975 | New York Times Co. (The), Class A Shares | 398412 |
| 16663 | News Corp., Class A Shares | 470563 |
| 5368 | News Corp., Class B Shares | 175641 |
| 11498 | Nexstar Media Group Inc., Class A Shares | 1959489 |
| 719 | Paramount Global, Class A Shares | 16285 |
| 25710 | Paramount Global, Class B Shares | 311091 |
| 1595 | PubMatic Inc., Class A Shares\* | 18661 |
| 869 | Scholastic Corp. | 15008 |
| 1759 | Sinclair Inc. | 24679 |
| 3247 | Stagwell Inc., Class A Shares\* | 14482 |
| 978 | TechTarget Inc.\* | 7912 |
| 7319 | TEGNA Inc. | 122374 |
| 1624 | Thryv Holdings Inc.\* | 21599 |
| 506 | Townsquare Media Inc., Class A Shares | 3491 |
| 2259 | WideOpenWest Inc.\* | 9510 |
|  | Total Media | 8244819 |
|  **Wireless Telecommunication Services - 0.0%@** | **Wireless Telecommunication Services - 0.0%@** |  |
| 2955 | Gogo Inc.\* | 31353 |
| 602 | Spok Holdings Inc. | 9752 |
| 4212 | Telephone & Data Systems Inc. | 144724 |
|  | Total Wireless Telecommunication Services | 185829 |
|  | **TOTAL COMMUNICATION SERVICES** | **14157320** |
|  **CONSUMER DISCRETIONARY - 9.9%** | **CONSUMER DISCRETIONARY - 9.9%** |  |
|  **Automobile Components - 0.7%** | **Automobile Components - 0.7%** |  |
| 3372 | Adient PLC\* | 52569 |
| 4445 | American Axle & Manufacturing Holdings Inc.\* | 19513 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** |
|  **Automobile Components - 0.7% - (continued)** | **Automobile Components - 0.7% - (continued)** | **Automobile Components - 0.7% - (continued)** |
| 63069 | BorgWarner Inc. | $2086953 |
| 593 | Cooper-Standard Holdings Inc.\* | 13663 |
| 6122 | Dana Inc. | 101809 |
| 1111 | Dorman Products Inc.\* | 143663 |
| 1945 | Fox Factory Holding Corp.\* | 49889 |
| 10111 | Gentex Corp. | 218094 |
| 1451 | Gentherm Inc.\* | 39707 |
| 12257 | Goodyear Tire & Rubber Co. (The)\* | 139852 |
| 2083 | Holley Inc.\* | 4041 |
| 1046 | LCI Industries | 91148 |
| 5284 | Lear Corp. | 477779 |
| 1084 | Luminar Technologies Inc., Class A Shares\* | 3892 |
| 2287 | Modine Manufacturing Co.\* | 207660 |
| 1431 | Patrick Industries Inc. | 122866 |
| 1984 | Phinia Inc. | 86106 |
| 14959 | QuantumScape Corp., Class A Shares\* | 59836 |
| 5627 | Solid Power Inc.\* | 8778 |
| 836 | Standard Motor Products Inc. | 25331 |
| 946 | Stoneridge Inc.\* | 4749 |
| 1261 | Visteon Corp.\* | 106460 |
| 1212 | XPEL Inc.\* | 43596 |
|  | Total Automobile Components | 4107954 |
|  **Automobiles - 0.2%** | **Automobiles - 0.2%** |  |
| 4900 | Harley-Davidson Inc. | 118629 |
| 4143 | Livewire Group Inc.\* | 18643 |
| 43202 | Lucid Group Inc., Class A Shares\* | 96340 |
| 36930 | Rivian Automotive Inc., Class A Shares\*(a) | 536593 |
| 2219 | Thor Industries Inc. | 180161 |
| 1288 | Winnebago Industries Inc. | 43702 |
|  | Total Automobiles | 994068 |
|  **Broadline Retail - 0.1%** | **Broadline Retail - 0.1%** |  |
| 1462 | 1stdibs.com Inc.\* | 3670 |
| 140 | Dillard's Inc., Class A Shares | 55443 |
| 4826 | Etsy Inc.\* | 267119 |
| 1215 | Groupon Inc., Class A Shares\* | 35393 |
| 5057 | Kohl's Corp.(a) | 41113 |
| 11937 | Macy's Inc. | 141931 |
| 2685 | Ollie's Bargain Outlet Holdings Inc.\* | 299243 |
| 946 | Savers Value Village Inc.\* | 9479 |
|  | Total Broadline Retail | 853391 |
|  **Distributors - 0.1%** | **Distributors - 0.1%** |  |
| 652 | A-Mark Precious Metals Inc. | 12864 |
| 869 | GigaCloud Technology Inc., Class A Shares\* | 15260 |
| 1642 | Pool Corp. | 493569 |
| 209 | Weyco Group Inc. | 6554 |
|  | Total Distributors | 528247 |
|  **Diversified Consumer Services - 1.0%** | **Diversified Consumer Services - 1.0%** |  |
| 200890 | ADT Inc. | 1671405 |
| 1661 | Adtalem Global Education Inc.\* | 219302 |
| 581 | American Public Education Inc.\* | 17111 |
| 2524 | Bright Horizons Family Solutions Inc.\* | 326101 |
| 504 | Carriage Services Inc., Class A Shares | 21924 |
| 16772 | Chegg Inc.\* | 17107 |
| 6131 | Coursera Inc.\* | 54259 |
| 1660 | Duolingo Inc., Class A Shares\* | 862553 |
| 1392 | European Wax Center Inc., Class A Shares\* | 7085 |
| 3358 | Frontdoor Inc.\* | 184724 |
| 140 | Graham Holdings Co., Class B Shares | 133617 |
| 1250 | Grand Canyon Education Inc.\* | 247306 |
| 5968 | H&R Block Inc. | 339878 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** |
|  **Diversified Consumer Services - 1.0% - (continued)** | **Diversified Consumer Services - 1.0% - (continued)** | **Diversified Consumer Services - 1.0% - (continued)** |
| 1046 | KinderCare Learning Cos Inc.\* | $12834 |
| 5740 | Laureate Education Inc., Class A Shares\* | 129150 |
| 1290 | Lincoln Educational Services Corp.\* | 30702 |
| 1140 | Matthews International Corp., Class A Shares | 24453 |
| 4478 | Mister Car Wash Inc.\* | 31704 |
| 2768 | Nerdy Inc.\* | 4733 |
| 4240 | OneSpaWorld Holdings Ltd. | 79966 |
| 2218 | Perdoceo Education Corp. | 75501 |
| 6222 | Service Corp. International | 485316 |
| 947 | Strategic Education Inc. | 86395 |
| 5591 | Stride Inc.\* | 846422 |
| 3512 | Udemy Inc.\* | 25708 |
| 2070 | Universal Technical Institute Inc.\* | 73547 |
|  | Total Diversified Consumer Services | 6008803 |
|  **Hotels, Restaurants & Leisure - 2.8%** | **Hotels, Restaurants & Leisure - 2.8%** | **Hotels, Restaurants & Leisure - 2.8%** |
| 2476 | Accel Entertainment Inc., Class A Shares\* | 27781 |
| 11599 | Aramark | 469760 |
| 26 | Biglari Holdings Inc., Class B Shares\* | 6426 |
| 711 | BJ's Restaurants Inc.\* | 31718 |
| 3877 | Bloomin' Brands Inc. | 29582 |
| 2862 | Boyd Gaming Corp. | 214564 |
| 21585 | Brinker International Inc.\* | 3726219 |
| 9319 | Caesars Entertainment Inc.\* | 250495 |
| 3319 | Cava Group Inc.\* | 269735 |
| 2124 | Cheesecake Factory Inc. (The) | 117181 |
| 1170 | Choice Hotels International Inc.(a) | 148216 |
| 3054 | Churchill Downs Inc. | 291565 |
| 999 | Cracker Barrel Old Country Store Inc. | 57383 |
| 1210 | Dave & Buster's Entertainment Inc.\* | 26572 |
| 1906 | Denny's Corp.\* | 7281 |
| 1006 | Dine Brands Global Inc. | 24204 |
| 4814 | Dutch Bros Inc., Class A Shares\* | 347571 |
| 962 | El Pollo Loco Holdings Inc.\* | 10101 |
| 3418 | Everi Holdings Inc.\* | 48228 |
| 1501 | First Watch Restaurant Group Inc.\* | 23175 |
| 1323 | Full House Resorts Inc.\* | 4207 |
| 98229 | Genius Sports Ltd.\* | 942016 |
| 5798 | Global Business Travel Group I\* | 36238 |
| 752 | Golden Entertainment Inc. | 21455 |
| 3166 | Hilton Grand Vacations Inc.\* | 120846 |
| 1783 | Hyatt Hotels Corp., Class A Shares | 235409 |
| 771 | Inspired Entertainment Inc.\* | 6029 |
| 155933 | International Game Technology PLC | 2293774 |
| 736 | Jack in the Box Inc. | 13958 |
| 3158 | Krispy Kreme Inc. | 9127 |
| 358 | Kura Sushi USA Inc., Class A Shares\* | 23649 |
| 3690 | Life Time Group Holdings Inc.\* | 105534 |
| 3914 | Light & Wonder Inc., Class A Shares\* | 352730 |
| 1374 | Lindblad Expeditions Holdings Inc.\* | 14427 |
| 1514 | Marriott Vacations Worldwide Corp. | 99712 |
| 565 | Monarch Casino & Resort Inc. | 47313 |
| 79 | Nathan's Famous Inc. | 8451 |
| 19570 | Norwegian Cruise Line Holdings Ltd.\* | 345410 |
| 1518 | Papa John's International Inc. | 68689 |
| 6706 | Penn Entertainment Inc.\* | 99450 |
| 3713 | Planet Fitness Inc., Class A Shares\* | 381808 |
| 1458 | PlayAGS Inc.\* | 17817 |
| 2153 | Portillo's Inc., Class A Shares\* | 25836 |
| 1154 | Potbelly Corp.\* | 12313 |
| 764 | Pursuit Attractions and Hospitality Inc.\* | 21308 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** |
|  **Hotels, Restaurants & Leisure - 2.8% - (continued)** | **Hotels, Restaurants & Leisure - 2.8% - (continued)** | **Hotels, Restaurants & Leisure - 2.8% - (continued)** |
| 318 | RCI Hospitality Holdings Inc. | $12793 |
| 2200 | Red Rock Resorts Inc., Class A Shares | 105754 |
| 3483 | Rush Street Interactive Inc.\* | 44199 |
| 18221 | Sabre Corp.\* | 45917 |
| 1686 | Shake Shack Inc., Class A Shares\* | 218826 |
| 3954 | Six Flags Entertainment Corp. | 132696 |
| 6982 | Super Group SGHC Ltd. | 61023 |
| 4379 | Sweetgreen Inc., Class A Shares\* | 58766 |
| 1370 | Target Hospitality Corp.\* | 10015 |
| 11755 | Texas Roadhouse Inc., Class A Shares | 2294694 |
| 3381 | Travel + Leisure Co. | 164215 |
| 14472 | United Parks & Resorts Inc.\* | 648201 |
| 1620 | Vail Resorts Inc. | 259475 |
| 7866 | Wendy's Co. (The) | 89672 |
| 1287 | Wingstop Inc. | 439768 |
| 3398 | Wyndham Hotels & Resorts Inc. | 281286 |
| 4401 | Wynn Resorts Ltd. | 398467 |
| 901 | Xponential Fitness Inc., Class A Shares\* | 8118 |
|  | Total Hotels, Restaurants & Leisure | 16709148 |
|  **Household Durables - 1.0%** | **Household Durables - 1.0%** | **Household Durables - 1.0%** |
| 1089 | Beazer Homes USA Inc.\* | 22346 |
| 344 | Cavco Industries Inc.\* | 149157 |
| 1185 | Century Communities Inc. | 61466 |
| 2350 | Champion Homes Inc.\* | 153690 |
| 3402 | Cricut Inc., Class A Shares. | 20616 |
| 1378 | Dream Finders Homes Inc., Class A Shares\* | 28745 |
| 1105 | Ethan Allen Interiors Inc. | 28874 |
| 214 | Flexsteel Industries Inc. | 6499 |
| 4982 | GoPro Inc., Class A Shares\* | 3303 |
| 1330 | Green Brick Partners Inc.\* | 77738 |
| 417 | Hamilton Beach Brands Holding Co., Class A Shares | 7619 |
| 892 | Helen of Troy Ltd.\* | 23986 |
| 481 | Hooker Furnishings Corp. | 4723 |
| 189 | Hovnanian Enterprises Inc., Class A Shares\* | 17063 |
| 1023 | Installed Building Products Inc. | 163148 |
| 4473 | iRobot Corp.\* | 13732 |
| 2862 | KB Home | 147622 |
| 713 | Landsea Homes Corp.\* | 8035 |
| 1821 | La-Z-Boy Inc. | 76282 |
| 368 | Legacy Housing Corp.\* | 8203 |
| 6080 | Leggett & Platt Inc. | 55085 |
| 977 | LGI Homes Inc.\* | 48948 |
| 801 | Lifetime Brands Inc. | 2667 |
| 551 | Lovesac Co. (The)\* | 10546 |
| 1149 | M/I Homes Inc.\* | 122495 |
| 3124 | Meritage Homes Corp | 198718 |
| 2330 | Mohawk Industries Inc.\* | 234421 |
| 17983 | Newell Brands Inc. | 95310 |
| 2976 | SharkNinja Inc.\* | 273584 |
| 29042 | Somnigroup International Inc | 1889473 |
| 5708 | Sonos Inc.\* | 58678 |
| 4502 | Taylor Morrison Home Corp., Class A Shares\* | 253373 |
| 4388 | Toll Brothers Inc. | 457449 |
| 1300 | TopBuild Corp.\* | 367757 |
| 6717 | Traeger Inc.\* | 9269 |
| 3969 | Tri Pointe Homes Inc.\* | 117006 |
| 10679 | Whirlpool Corp. | 833923 |
|  | Total Household Durables | 6051549 |
|  **Leisure Products - 0.4%** | **Leisure Products - 0.4%** | **Leisure Products - 0.4%** |
| 1195 | Acushnet Holdings Corp. | 81547 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** |
|  **Leisure Products - 0.4% - (continued)** | **Leisure Products - 0.4% - (continued)** | **Leisure Products - 0.4% - (continued)** |
| 23451 | Brunswick Corp. | $1187090 |
| 970 | Clarus Corp. | 3085 |
| 445 | Escalade Inc. | 6604 |
| 1150 | Funko Inc., Class A Shares\* | 4818 |
| 6141 | Hasbro Inc. | 409666 |
| 271 | JAKKS Pacific Inc. | 5455 |
| 182 | Johnson Outdoors Inc., Class A Shares | 4949 |
| 1748 | Latham Group Inc.\* | 9876 |
| 752 | Malibu Boats Inc., Class A Shares\* | 22665 |
| 338 | Marine Products Corp. | 2809 |
| 691 | MasterCraft Boat Holdings Inc.\* | 11754 |
| 14965 | Mattel Inc.\* | 283437 |
| 4531 | Outdoor Holding Co.\* | 6570 |
| 15544 | Peloton Interactive Inc., Class A Shares\* | 110362 |
| 2334 | Polaris Inc. | 91539 |
| 1808 | Smith & Wesson Brands Inc. | 17212 |
| 758 | Sturm Ruger & Co., Inc. | 27440 |
| 6437 | Topgolf Callaway Brands Corp.\* | 40811 |
| 3745 | YETI Holdings Inc.\* | 114447 |
|  | Total Leisure Products | 2442136 |
|  **Specialty Retail - 2.3%** | **Specialty Retail - 2.3%** | **Specialty Retail - 2.3%** |
| 932 | 1-800-Flowers.com Inc., Class A Shares\* | 4585 |
| 17045 | Abercrombie & Fitch Co., Class A Shares\* | 1337862 |
| 2935 | Academy Sports & Outdoors Inc. | 120071 |
| 2494 | Advance Auto Parts Inc. | 119537 |
| 7900 | American Eagle Outfitters Inc. | 86584 |
| 370 | America's Car-Mart Inc.\* | 18411 |
| 1871 | Arhaus Inc., Class A Shares\* | 16802 |
| 4597 | Arko Corp. | 19675 |
| 872 | Asbury Automotive Group Inc.\* | 198738 |
| 9023 | AutoNation Inc.\* | 1658879 |
| 5855 | BARK Inc.\* | 7553 |
| 62711 | Bath & Body Works Inc. | 1763433 |
| 2025 | Beyond Inc.\* | 12980 |
| 1301 | Boot Barn Holdings Inc.\* | 208563 |
| 1398 | Buckle Inc. (The) | 59569 |
| 660 | Build-A-Bear Workshop Inc. | 33686 |
| 21496 | Caleres Inc. | 289121 |
| 2265 | Camping World Holdings Inc., Class A Shares | 36829 |
| 4773 | Carvana Co., Class A Shares\* | 1561535 |
| 307 | Citi Trends Inc.\* | 8129 |
| 1844 | Designer Brands Inc., Class A Shares | 6546 |
| 9132 | Destination XL Group Inc.\* | 10319 |
| 2450 | Dick's Sporting Goods Inc. | 439383 |
| 6611 | EVgo Inc., Class A Shares\* | 26114 |
| 2363 | Five Below Inc.\* | 275455 |
| 4601 | Floor & Decor Holdings Inc., Class A Shares\* | 329846 |
| 3769 | Foot Locker Inc.\* | 89551 |
| 17072 | GameStop Corp., Class A Shares\* | 508746 |
| 8776 | Gap Inc. (The) | 195793 |
| 395 | Genesco Inc.\* | 8583 |
| 3757 | Group 1 Automotive Inc. | 1592667 |
| 8724 | GrowGeneration Corp.\* | 9422 |
| 560 | Haverty Furniture Cos., Inc. | 11738 |
| 264 | J Jill Inc. | 4224 |
| 617 | Lands' End Inc.\* | 5195 |
| 6917 | Leslie's Inc.\* | 5213 |
| 1155 | Lithia Motors Inc., Class A Shares | 366031 |
| 808 | MarineMax Inc.\* | 17130 |
| 1104 | Monro Inc. | 16924 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** | **CONSUMER DISCRETIONARY - 9.9% - (continued)** |
|  **Specialty Retail - 2.3% - (continued)** | **Specialty Retail - 2.3% - (continued)** | **Specialty Retail - 2.3% - (continued)** |
| 817 | Murphy USA Inc. | $348687 |
| 3546 | National Vision Holdings Inc.\* | 70246 |
| 21777 | ODP Corp. (The)\* | 358232 |
| 338 | OneWater Marine Inc., Class A Shares\* | 4992 |
| 806 | Penske Automotive Group Inc. | 132329 |
| 3269 | Petco Health & Wellness Co., Inc., Class A Shares\* | 11997 |
| 3897 | RealReal Inc. (The)\* | 22018 |
| 1515 | Revolve Group Inc., Class A Shares\* | 31209 |
| 646 | RH\* | 116997 |
| 4697 | Sally Beauty Holdings Inc.\* | 40911 |
| 715 | Shoe Carnival Inc. | 13742 |
| 1855 | Signet Jewelers Ltd. | 123487 |
| 800 | Sleep Number Corp.\* | 8608 |
| 675 | Sonic Automotive Inc., Class A Shares | 47203 |
| 3632 | Stitch Fix Inc., Class A Shares\* | 16053 |
| 3143 | ThredUp Inc., Class A Shares\* | 22630 |
| 958 | Tile Shop Holdings Inc.\* | 6103 |
| 3963 | Tilly's Inc., Class A Shares\* | 5667 |
| 1045 | Torrid Holdings Inc.\*(a) | 5392 |
| 2471 | Upbound Group Inc. | 56685 |
| 2719 | Urban Outfitters Inc.\* | 190058 |
| 5749 | Valvoline Inc.\* | 198858 |
| 3707 | Victoria's Secret & Co.\* | 78626 |
| 3895 | Warby Parker Inc., Class A Shares\* | 82457 |
| 4342 | Wayfair Inc., Class A Shares\* | 179064 |
| 125 | Winmark Corp. | 53103 |
| 661 | Zumiez Inc.\* | 8256 |
|  | Total Specialty Retail | 13715032 |
|  **Textiles, Apparel & Luxury Goods - 1.3%** | **Textiles, Apparel & Luxury Goods - 1.3%** | **Textiles, Apparel & Luxury Goods - 1.3%** |
| 2788 | Amer Sports Inc.\* | 101428 |
| 42630 | Birkenstock Holding PLC\* | 2292641 |
| 5171 | Capri Holdings Ltd.\* | 93699 |
| 1594 | Carter's Inc. | 50004 |
| 1373 | Columbia Sportswear Co. | 87570 |
| 17427 | Crocs Inc.\* | 1777554 |
| 6379 | Figs Inc., Class A Shares\* | 27749 |
| 1761 | G-III Apparel Group Ltd.\* | 51157 |
| 14751 | Hanesbrands Inc.\* | 73018 |
| 2373 | Kontoor Brands Inc. | 162788 |
| 555 | Movado Group Inc. | 8991 |
| 746 | Oxford Industries Inc. | 40045 |
| 2507 | PVH Corp. | 210011 |
| 1748 | Ralph Lauren Corp., Class A Shares | 483864 |
| 279 | Rocky Brands Inc. | 6347 |
| 5820 | Skechers USA Inc., Class A Shares\* | 361073 |
| 3111 | Steven Madden Ltd. | 76686 |
| 481 | Superior Group of Cos., Inc. | 4743 |
| 10217 | Tapestry Inc. | 802545 |
| 8509 | Under Armour Inc., Class A Shares\* | 57095 |
| 99418 | Under Armour Inc., Class C Shares\* | 626333 |
| 15604 | V.F. Corp. | 194426 |
| 3968 | Vera Bradley Inc.\* | 8015 |
| 3800 | Wolverine World Wide Inc. | 64828 |
|  | Total Textiles, Apparel & Luxury Goods | 7662610 |
|  | **TOTAL CONSUMER DISCRETIONARY** | **59072938** |
|  **CONSUMER STAPLES - 3.5%** | **CONSUMER STAPLES - 3.5%** | **CONSUMER STAPLES - 3.5%** |
|  **Beverages - 0.2%** | **Beverages - 0.2%** | **Beverages - 0.2%** |
| 394 | Boston Beer Co., Inc. (The), Class A Shares\* | 90561 |
| 7775 | Celsius Holdings Inc.\* | 294517 |
| 2690 | Coca-Cola Consolidated Inc. | 308409 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER STAPLES - 3.5% - (continued)** | **CONSUMER STAPLES - 3.5% - (continued)** | **CONSUMER STAPLES - 3.5% - (continued)** |
|  **Beverages - 0.2% - (continued)** | **Beverages - 0.2% - (continued)** | **Beverages - 0.2% - (continued)** |
| 530 | MGP Ingredients Inc. | $15593 |
| 993 | National Beverage Corp. | 44913 |
| 10555 | Primo Brands Corp., Class A Shares | 349054 |
| 1694 | Vita Coco Co., Inc. (The)\* | 60289 |
|  | Total Beverages | 1163336 |
|  **Consumer Staples Distribution & Retail - 2.0%** | **Consumer Staples Distribution & Retail - 2.0%** | **Consumer Staples Distribution & Retail - 2.0%** |
| 18696 | Albertsons Cos., Inc., Class A Shares | 415612 |
| 1483 | Andersons Inc. (The) | 52661 |
| 26552 | BJ's Wholesale Club Holdings Inc.\* | 3005952 |
| 1626 | Casey's General Stores Inc. | 711798 |
| 1589 | Chefs' Warehouse Inc. (The)\* | 101346 |
| 13981 | Dollar Tree Inc.\* | 1261925 |
| 4097 | Grocery Outlet Holding Corp.\* | 55637 |
| 280 | Guardian Pharmacy Services Inc., Class A Shares\* | 5928 |
| 1410 | HF Foods Group Inc.\* | 5372 |
| 648 | Ingles Markets Inc., Class A Shares | 40370 |
| 51619 | Maplebear Inc.\* | 2357440 |
| 380 | Natural Grocers by Vitamin Cottage Inc. | 18555 |
| 6690 | Performance Food Group Co.\* | 599156 |
| 1134 | PriceSmart Inc. | 122449 |
| 1338 | SpartanNash Co. | 26038 |
| 13743 | Sprouts Farmers Market Inc.\* | 2375615 |
| 2473 | United Natural Foods Inc.\* | 75600 |
| 9556 | US Foods Holding Corp.\* | 756071 |
| 334 | Village Super Market Inc., Class A Shares | 12886 |
| 724 | Weis Markets Inc. | 54879 |
|  | Total Consumer Staples Distribution & Retail | 12055290 |
|  **Food Products - 0.8%** | **Food Products - 0.8%** | **Food Products - 0.8%** |
| 284 | Alico Inc. | 9159 |
| 2868 | B&G Foods Inc. | 12074 |
| 2282 | Beyond Meat Inc.\*(a) | 6686 |
| 2297 | BRC Inc., Class A Shares\* | 4112 |
| 610 | Calavo Growers Inc. | 16806 |
| 1958 | Cal-Maine Foods Inc. | 187831 |
| 7028 | Darling Ingredients Inc.\* | 218992 |
| 3769 | Dole PLC | 53369 |
| 8289 | Flowers Foods Inc. | 140084 |
| 1530 | Fresh Del Monte Produce Inc. | 54040 |
| 1994 | Freshpet Inc.\* | 159839 |
| 60166 | Hain Celestial Group Inc. (The)\* | 112510 |
| 2928 | Ingredion Inc. | 407343 |
| 635 | J&J Snack Foods Corp. | 73133 |
| 421 | John B Sanfilippo & Son Inc. | 26161 |
| 870 | Lancaster Colony Corp. | 145638 |
| 163 | Lifeway Foods Inc.\* | 3683 |
| 630 | Limoneira Co. | 9948 |
| 1209 | Mama's Creations Inc.\* | 10047 |
| 1596 | Mission Produce Inc.\* | 17843 |
| 87042 | Nomad Foods Ltd. | 1523235 |
| 1852 | Pilgrim's Pride Corp. | 91044 |
| 2325 | Post Holdings Inc.\* | 257122 |
| 13 | Seaboard Corp. | 34803 |
| 167 | Seneca Foods Corp., Class A Shares\* | 15750 |
| 3938 | Simply Good Foods Co. (The)\* | 135900 |
| 1364 | Smithfield Foods Inc. | 31890 |
| 3519 | SunOpta Inc.\* | 21959 |
| 31790 | TreeHouse Foods Inc.\* | 714003 |
| 2930 | Utz Brands Inc. | 38764 |
| 1383 | Vital Farms Inc.\* | 44035 |
| 1319 | Westrock Coffee Co.\* | 9075 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **CONSUMER STAPLES - 3.5% - (continued)** | **CONSUMER STAPLES - 3.5% - (continued)** | **CONSUMER STAPLES - 3.5% - (continued)** |
|  **Food Products - 0.8% - (continued)** | **Food Products - 0.8% - (continued)** | **Food Products - 0.8% - (continued)** |
| 2923 | WK Kellogg Co.(a) | $49457 |
|  | Total Food Products | 4636335 |
|  **Household Products - 0.3%** | **Household Products - 0.3%** | **Household Products - 0.3%** |
| 448 | Central Garden & Pet Co.\* | 16155 |
| 2228 | Central Garden & Pet Co., Class A Shares\* | 71229 |
| 3098 | Energizer Holdings Inc. | 72153 |
| 400 | Oil-Dri Corp. of America | 20068 |
| 2451 | Reynolds Consumer Products Inc. | 54118 |
| 1314 | Spectrum Brands Holdings Inc. | 75910 |
| 5991 | WD-40 Co. | 1459587 |
|  | Total Household Products | 1769220 |
|  **Personal Care Products - 0.2%** | **Personal Care Products - 0.2%** | **Personal Care Products - 0.2%** |
| 3042 | Beauty Health Co. (The)\* | 4958 |
| 5596 | BellRing Brands Inc.\* | 352268 |
| 16031 | Coty Inc., Class A Shares\* | 79033 |
| 2085 | Edgewell Personal Care Co. | 57588 |
| 2398 | elf Beauty Inc.\* | 269751 |
| 4000 | Herbalife Ltd.\* | 31240 |
| 3123 | Honest Co., Inc. (The)\* | 15709 |
| 770 | Interparfums Inc. | 104889 |
| 412 | Medifast Inc.\* | 5797 |
| 462 | Nature's Sunshine Products Inc.\* | 7142 |
| 1812 | Nu Skin Enterprises Inc., Class A Shares | 15638 |
| 5174 | Olaplex Holdings Inc.\* | 6830 |
| 416 | USANA Health Sciences Inc.\* | 12426 |
| 1477 | Waldencast PLC, Class A Shares\* | 3973 |
|  | Total Personal Care Products | 967242 |
|  **Tobacco - 0.0%@** | **Tobacco - 0.0%@** | **Tobacco - 0.0%@** |
| 2958 | Ispire Technology Inc.\* | 7454 |
| 772 | Turning Point Brands Inc. | 57375 |
| 1051 | Universal Corp. | 68725 |
|  | Total Tobacco | 133554 |
|  | **TOTAL CONSUMER STAPLES** | **20724977** |
|  **ENERGY - 4.4%** | **ENERGY - 4.4%** | **ENERGY - 4.4%** |
|  **Energy Equipment & Services - 1.2%** | **Energy Equipment & Services - 1.2%** | **Energy Equipment & Services - 1.2%** |
| 7135 | Archrock Inc. | 177662 |
| 1200 | Aris Water Solutions Inc., Class A Shares | 26448 |
| 2951 | Atlas Energy Solutions Inc., Class A Shares(a) | 35855 |
| 8774 | Borr Drilling Ltd.\* | 15355 |
| 1190 | Bristow Group Inc.\* | 34819 |
| 3029 | Cactus Inc., Class A Shares | 124189 |
| 49177 | ChampionX Corp. | 1183690 |
| 1752 | Core Laboratories Inc. | 18834 |
| 699 | DMC Global Inc.\* | 4516 |
| 4363 | Expro Group Holdings NV\* | 36300 |
| 767 | Flowco Holdings Inc., Class A Shares. | 13200 |
| 302 | Forum Energy Technologies Inc.\* | 4451 |
| 468 | Geospace Technologies Corp.\* | 2724 |
| 6400 | Helix Energy Solutions Group Inc.\* | 39616 |
| 4282 | Helmerich & Payne Inc. | 65300 |
| 19252 | Innovex International Inc.\* | 265678 |
| 6678 | ION Geophysical Corp.\*(b)# |  |
| 1966 | Kodiak Gas Services Inc. | 69419 |
| 6700 | Liberty Energy Inc., Class A Shares | 77653 |
| 1296 | Mammoth Energy Services Inc.\* | 3421 |
| 341 | Nabors Industries Ltd.\* | 8801 |
| 395 | Natural Gas Services Group Inc.\* | 9468 |
| 5773 | Noble Corp. PLC | 142997 |
| 16943 | NOV Inc. | 203316 |
| 4472 | Oceaneering International Inc.\* | 85281 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **ENERGY - 4.4% - (continued)** | **ENERGY - 4.4% - (continued)** | **ENERGY - 4.4% - (continued)** |
|  **Energy Equipment & Services - 1.2% - (continued)** | **Energy Equipment & Services - 1.2% - (continued)** | **Energy Equipment & Services - 1.2% - (continued)** |
| 2491 | Oil States International Inc.\* | $10836 |
| 78224 | Patterson-UTI Energy Inc. | 431796 |
| 852 | ProFrac Holding Corp., Class A Shares\* | 7106 |
| 3269 | ProPetro Holding Corp.\* | 17653 |
| 585 | Ranger Energy Services Inc., Class A Shares | 6230 |
| 3435 | RPC Inc. | 15251 |
| 769 | SEACOR Marine Holdings Inc.\* | 4106 |
| 3019 | Seadrill Ltd.\* | 70041 |
| 4498 | Select Water Solutions Inc., Class A Shares | 36164 |
| 1448 | Solaris Energy Infrastructure Inc., Class A Shares | 39719 |
| 86170 | TechnipFMC PLC | 2684196 |
| 218071 | TETRA Technologies Inc.\* | 584430 |
| 2190 | Tidewater Inc.\* | 86965 |
| 31438 | Transocean Ltd.\* | 78281 |
| 2796 | Valaris Ltd.\* | 105186 |
| 3130 | Weatherford International PLC | 136468 |
|  | Total Energy Equipment & Services | 6963421 |
|  **Oil, Gas & Consumable Fuels - 3.2%** | **Oil, Gas & Consumable Fuels - 3.2%** | **Oil, Gas & Consumable Fuels - 3.2%** |
| 5308 | Aemetis Inc.\*(a) | 9077 |
| 1554 | Amplify Energy Corp.\* | 4460 |
| 14986 | Antero Midstream Corp. | 281437 |
| 12685 | Antero Resources Corp.\* | 475053 |
| 16079 | APA Corp. | 273504 |
| 1636 | Ardmore Shipping Corp. | 15722 |
| 3004 | Berry Corp. | 7180 |
| 556 | BKV Corp.\* | 11954 |
| 2961 | California Resources Corp. | 130787 |
| 22373 | Cameco Corp. | 1309492 |
| 670 | Centrus Energy Corp., Class A Shares\* | 85036 |
| 2644 | Chord Energy Corp. | 237960 |
| 4168 | Civitas Resources Inc. | 114078 |
| 6419 | Clean Energy Fuels Corp.\* | 11490 |
| 46993 | CNX Resources Corp.\* | 1516934 |
| 4057 | Comstock Resources Inc.\* | 94528 |
| 2282 | Core Natural Resources Inc. | 158143 |
| 6796 | Crescent Energy Co., Class A Shares | 57018 |
| 1713 | CVR Energy Inc. | 40067 |
| 2890 | Delek US Holdings Inc. | 55632 |
| 35952 | Devon Energy Corp. | 1087908 |
| 5653 | DHT Holdings Inc. | 65462 |
| 2432 | Diversified Energy Co. PLC | 33975 |
| 1683 | Dorian LPG Ltd. | 36033 |
| 4434 | DT Midstream Inc. | 464417 |
| 2576 | Empire Petroleum Corp.\* | 12674 |
| 7149 | Encore Energy Corp.\* | 14369 |
| 8492 | Energy Fuels Inc.\*(a) | 41526 |
| 25939 | EQT Corp. | 1430017 |
| 1066 | Evolution Petroleum Corp. | 4786 |
| 696 | Excelerate Energy Inc., Class A Shares | 19578 |
| 10176 | Expand Energy Corp. | 1181739 |
| 1152 | FLEX LNG Ltd.(a) | 27533 |
| 1005 | FutureFuel Corp. | 3970 |
| 4407 | Golar LNG Ltd. | 181392 |
| 1949 | Granite Ridge Resources Inc. | 10953 |
| 2112 | Green Plains Inc.\* | 8786 |
| 570 | Gulfport Energy Corp.\* | 109155 |
| 1024 | Hallador Energy Co.\* | 17664 |
| 18237 | HF Sinclair Corp. | 658903 |
| 455 | HighPeak Energy Inc. | 4500 |
| 529 | Infinity Natural Resources Inc., Class A Shares\* | 8824 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **ENERGY - 4.4% - (continued)** | **ENERGY - 4.4% - (continued)** | **ENERGY - 4.4% - (continued)** |
|  **Oil, Gas & Consumable Fuels - 3.2% - (continued)** | **Oil, Gas & Consumable Fuels - 3.2% - (continued)** | **Oil, Gas & Consumable Fuels - 3.2% - (continued)** |
| 1726 | International Seaways Inc. | $63948 |
| 1606 | Kinetik Holdings Inc., Class A Shares | 71531 |
| 21548 | Kosmos Energy Ltd.\* | 35770 |
| 57787 | Magnolia Oil & Gas Corp., Class A Shares | 1242420 |
| 32100 | Matador Resources Co. | 1380621 |
| 6379 | Murphy Oil Corp. | 133512 |
| 101 | NACCO Industries Inc., Class A Shares | 3622 |
| 4308 | New Fortress Energy Inc., Class A Shares(a) | 10727 |
| 4627 | NextDecade Corp.\* | 38312 |
| 8222 | Nordic American Tankers Ltd. | 21788 |
| 90032 | Northern Oil & Gas Inc. | 2393051 |
| 11488 | Ovintiv Inc. | 411500 |
| 2535 | Par Pacific Holdings Inc.\* | 54731 |
| 4397 | PBF Energy Inc., Class A Shares | 83763 |
| 5366 | Peabody Energy Corp. | 70617 |
| 29424 | Permian Resources Corp., Class A Shares | 371037 |
| 47 | PrimeEnergy Resources Corp.\* | 9076 |
| 10377 | Range Resources Corp. | 394741 |
| 731 | REX American Resources Corp.\* | 30804 |
| 422 | Riley Exploration Permian Inc. | 10829 |
| 5676 | Ring Energy Inc.\* | 4187 |
| 2221 | Sable Offshore Corp.\* | 63920 |
| 1525 | SandRidge Energy Inc. | 14960 |
| 2049 | Scorpio Tankers Inc. | 81427 |
| 5641 | SFL Corp., Ltd., Class B Shares | 48400 |
| 3378 | Sitio Royalties Corp., Class A Shares | 57662 |
| 5281 | SM Energy Co. | 123681 |
| 6507 | Talos Energy Inc.\* | 52316 |
| 2973 | Teekay Corp., Ltd. | 25122 |
| 1075 | Teekay Tankers Ltd., Class A Shares | 47504 |
| 824 | Texas Pacific Land Corp. | 917961 |
| 18073 | Uranium Energy Corp.\* | 107173 |
| 12283 | Ur-Energy Inc.\* | 10033 |
| 4067 | VAALCO Energy Inc. | 12892 |
| 5668 | Viper Energy Inc., Class A Shares | 224963 |
| 1070 | Vital Energy Inc.\* | 15922 |
| 1234 | Vitesse Energy Inc. | 25828 |
| 3524 | W&T Offshore Inc. | 5215 |
| 2493 | World Kinect Corp. | 68283 |
|  | Total Oil, Gas & Consumable Fuels | 19053565 |
|  | **TOTAL ENERGY** | **26016986** |
|  **FINANCIALS - 15.1%** | **FINANCIALS - 15.1%** | **FINANCIALS - 15.1%** |
|  **Banks - 6.0%** | **Banks - 6.0%** | **Banks - 6.0%** |
| 1015 | 1st Source Corp. | 61468 |
| 385 | ACNB Corp. | 16004 |
| 762 | Amalgamated Financial Corp. | 23028 |
| 1512 | Amerant Bancorp Inc., Class A Shares | 26505 |
| 2811 | Ameris Bancorp | 172792 |
| 326 | Ames National Corp. | 5672 |
| 663 | Arrow Financial Corp. | 17072 |
| 7500 | Associated Banc-Corp. | 173775 |
| 5643 | Atlantic Union Bankshares Corp. | 169403 |
| 2333 | Axos Financial Inc.\* | 162237 |
| 72158 | Banc of California Inc. | 990008 |
| 902 | BancFirst Corp. | 111582 |
| 1972 | Bancorp Inc. (The)\* | 100769 |
| 432 | Bank First Corp. | 50242 |
| 1669 | Bank of Hawaii Corp. | 111005 |
| 650 | Bank of Marin Bancorp | 13852 |
| 2051 | Bank of NT Butterfield & Son Ltd. (The) | 86470 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** |
| 4854 | Bank OZK | $215178 |
| 194 | Bank7 Corp. | 7492 |
| 21411 | BankUnited Inc. | 727546 |
| 327 | Bankwell Financial Group Inc. | 11350 |
| 1483 | Banner Corp. | 91427 |
| 1023 | Bar Harbor Bankshares | 29749 |
| 427 | Baycom Corp. | 11269 |
| 798 | BCB Bancorp Inc. | 6464 |
| 1648 | Berkshire Hills Bancorp Inc. | 40805 |
| 936 | Blue Foundry Bancorp\* | 8480 |
| 1118 | BOK Financial Corp. | 105562 |
| 835 | Bridgewater Bancshares Inc.\* | 12224 |
| 3809 | Brookline Bancorp Inc. | 39347 |
| 516 | Burke & Herbert Financial Services Corp. | 29371 |
| 966 | Business First Bancshares Inc. | 22981 |
| 1350 | Byline Bancorp Inc. | 34925 |
| 5119 | Cadence Bank | 155106 |
| 853 | California BanCorp\* | 12744 |
| 1129 | Camden National Corp. | 44415 |
| 378 | Capital Bancorp Inc. | 12209 |
| 618 | Capital City Bank Group Inc. | 23323 |
| 4622 | Capitol Federal Financial Inc. | 26392 |
| 965 | Carter Bankshares Inc.\* | 15874 |
| 2466 | Cathay General Bancorp | 105680 |
| 770 | Central Pacific Financial Corp. | 20559 |
| 154 | Chemung Financial Corp. | 7218 |
| 337 | ChoiceOne Financial Services Inc. | 9968 |
| 635 | Citizens & Northern Corp. | 11779 |
| 176 | Citizens Financial Services Inc. | 10762 |
| 619 | City Holding Co. | 72974 |
| 679 | Civista Bancshares Inc. | 15311 |
| 910 | CNB Financial Corp. | 19720 |
| 535 | Coastal Financial Corp.\* | 47021 |
| 731 | Colony Bankcorp Inc. | 11177 |
| 9234 | Columbia Banking System Inc. | 215891 |
| 1021 | Columbia Financial Inc.\* | 14611 |
| 21201 | Comerica Inc. | 1210365 |
| 5492 | Commerce Bancshares Inc. | 346051 |
| 2234 | Community Financial System Inc. | 125640 |
| 876 | Community Trust Bancorp Inc. | 44720 |
| 743 | Community West Bancshares | 13225 |
| 1441 | ConnectOne Bancorp Inc. | 33100 |
| 2608 | Cullen/Frost Bankers Inc. | 331164 |
| 1278 | Customers Bancorp Inc.\* | 65127 |
| 5720 | CVB Financial Corp. | 107250 |
| 1588 | Dime Community Bancshares Inc. | 40748 |
| 1275 | Eagle Bancorp Inc. | 22440 |
| 19397 | East West Bancorp Inc. | 1769006 |
| 8506 | Eastern Bankshares Inc. | 127590 |
| 421 | Enterprise Bancorp Inc. | 16230 |
| 1759 | Enterprise Financial Services Corp. | 93121 |
| 1021 | Equity Bancshares Inc., Class A Shares | 39758 |
| 286 | Esquire Financial Holdings Inc. | 25952 |
| 378 | ESSA Bancorp Inc. | 6951 |
| 525 | Farmers & Merchants Bancorp Inc. | 12500 |
| 1573 | Farmers National Banc Corp. | 20811 |
| 1908 | FB Financial Corp. | 83284 |
| 186 | Fidelity D&D Bancorp Inc. | 7585 |
| 811 | Financial Institutions Inc. | 20940 |
| 56369 | First Bancorp | 1163236 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** |
| 868 | First Bancorp Inc. (The) | $20997 |
| 1230 | First Bank | 17872 |
| 3826 | First Busey Corp. | 84631 |
| 294 | First Business Financial Services Inc. | 14338 |
| 721 | First Citizens BancShares Inc., Class A Shares | 1333043 |
| 4367 | First Commonwealth Financial Corp. | 68213 |
| 849 | First Community Bancshares Inc. | 31922 |
| 4032 | First Financial Bancorp | 97413 |
| 5608 | First Financial Bankshares Inc. | 197738 |
| 613 | First Financial Corp. | 31778 |
| 2380 | First Foundation Inc.\* | 12281 |
| 47788 | First Hawaiian Inc. | 1141177 |
| 23650 | First Horizon Corp. | 470162 |
| 310 | First Internet Bancorp | 7518 |
| 3765 | First Interstate BancSystem Inc., Class A Shares | 102220 |
| 2648 | First Merchants Corp. | 99830 |
| 1237 | First Mid Bancshares Inc. | 43641 |
| 1026 | First of Long Island Corp. (The) | 12179 |
| 320 | First Western Financial Inc.\* | 6669 |
| 742 | Five Star Bancorp | 20746 |
| 73054 | Flagstar Financial Inc. | 841582 |
| 1038 | Flushing Financial Corp. | 12487 |
| 16361 | FNB Corp. | 226927 |
| 280 | FS Bancorp Inc. | 10755 |
| 6951 | Fulton Financial Corp. | 119905 |
| 686 | FVCBankcorp Inc.\* | 7999 |
| 1456 | German American Bancorp Inc. | 55641 |
| 15556 | Glacier Bancorp Inc. | 645107 |
| 351 | Great Southern Bancorp Inc. | 19635 |
| 266 | Greene County Bancorp Inc. | 5770 |
| 344 | Guaranty Bancshares Inc. | 14221 |
| 4199 | Hancock Whitney Corp. | 229559 |
| 1315 | Hanmi Financial Corp. | 30140 |
| 1488 | HarborOne Bancorp Inc. | 16933 |
| 644 | HBT Financial Inc. | 15070 |
| 3032 | Heritage Commerce Corp. | 28076 |
| 1343 | Heritage Financial Corp. | 31399 |
| 2064 | Hilltop Holdings Inc. | 61549 |
| 65 | Hingham Institution For Savings The | 15757 |
| 295 | Home Bancorp Inc. | 14868 |
| 8506 | Home BancShares Inc. | 240635 |
| 720 | HomeStreet Inc.\* | 9382 |
| 633 | HomeTrust Bancshares Inc. | 22845 |
| 5260 | Hope Bancorp Inc. | 52810 |
| 1633 | Horizon Bancorp Inc. | 24234 |
| 139975 | Huntington Bancshares Inc. | 2187809 |
| 20242 | Independent Bank Corp. | 1217581 |
| 2478 | International Bancshares Corp. | 155197 |
| 433 | Investar Holding Corp. | 8231 |
| 587 | John Marshall Bancorp Inc. | 10237 |
| 2369 | Kearny Financial Corp. | 14285 |
| 1074 | Lakeland Financial Corp. | 64300 |
| 564 | LCNB Corp. | 8184 |
| 1077 | LINKBANCORP Inc. | 7377 |
| 1667 | Live Oak Bancshares Inc. | 45759 |
| 830 | Mercantile Bank Corp. | 36653 |
| 818 | Metrocity Bankshares Inc. | 22855 |
| 409 | Metropolitan Bank Holding Corp.\* | 26450 |
| 1080 | Mid Penn Bancorp Inc. | 28782 |
| 304 | Middlefield Banc Corp. | 8922 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** |
| 719 | Midland States Bancorp Inc. | $12137 |
| 852 | MidWestOne Financial Group Inc. | 24495 |
| 430 | MVB Financial Corp. | 8411 |
| 1593 | National Bank Holdings Corp., Class A Shares | 57587 |
| 273 | National Bankshares Inc. | 6994 |
| 1488 | NB Bancorp Inc.\* | 25073 |
| 2224 | NBT Bancorp Inc. | 93074 |
| 594 | Nicolet Bankshares Inc. | 72848 |
| 274 | Northeast Bank | 22969 |
| 533 | Northeast Community Bancorp Inc. | 12056 |
| 1560 | Northfield Bancorp Inc. | 18221 |
| 230 | Northrim BanCorp Inc. | 21068 |
| 5501 | Northwest Bancshares Inc. | 67552 |
| 297 | Norwood Financial Corp. | 7722 |
| 236 | Oak Valley Bancorp | 6016 |
| 2595 | OceanFirst Financial Corp. | 43622 |
| 1820 | OFG Bancorp | 74875 |
| 14229 | Old National Bancorp | 296817 |
| 2497 | Old Second Bancorp Inc. | 41300 |
| 452 | Orange County Bancorp Inc. | 11558 |
| 1327 | Origin Bancorp Inc. | 45237 |
| 770 | Orrstown Financial Services Inc. | 23146 |
| 4091 | Pacific Premier Bancorp Inc. | 86729 |
| 665 | Park National Corp. | 108102 |
| 952 | Parke Bancorp Inc. | 18459 |
| 914 | Pathward Financial Inc. | 71338 |
| 540 | PCB Bancorp | 10444 |
| 660 | Peapack Gladstone Financial Corp. | 18097 |
| 1928 | Peoples Bancorp Inc. | 56529 |
| 222 | Peoples Bancorp of North Carolina Inc. | 6112 |
| 386 | Peoples Financial Services Corp. | 18551 |
| 3329 | Pinnacle Financial Partners Inc. | 353806 |
| 545 | Pioneer Bancorp Inc.\* | 6213 |
| 238 | Plumas Bancorp | 10360 |
| 668 | Ponce Financial Group Inc.\* | 8945 |
| 3097 | Popular Inc. | 320632 |
| 386 | Preferred Bank | 32273 |
| 950 | Primis Financial Corp. | 8997 |
| 209 | Princeton Bancorp Inc. | 6544 |
| 4109 | Prosperity Bancshares Inc. | 286192 |
| 668 | Provident Bancorp Inc.\* | 7609 |
| 4359 | Provident Financial Services Inc. | 72795 |
| 669 | QCR Holdings Inc. | 45024 |
| 762 | RBB Bancorp | 12939 |
| 182 | Red River Bancshares Inc. | 10208 |
| 4346 | Renasant Corp. | 152327 |
| 365 | Republic Bancorp Inc., Class A Shares | 25017 |
| 1645 | S&T Bancorp Inc. | 60306 |
| 3607 | Seacoast Banking Corp. of Florida | 93169 |
| 2166 | ServisFirst Bancshares Inc. | 161215 |
| 2645 | Shore Bancshares Inc. | 38326 |
| 564 | Sierra Bancorp | 15437 |
| 5299 | Simmons First National Corp., Class A Shares | 99409 |
| 657 | SmartFinancial Inc. | 20879 |
| 524 | South Plains Financial Inc. | 18848 |
| 313 | Southern First Bancshares Inc.\* | 11290 |
| 384 | Southern Missouri Bancorp Inc. | 20221 |
| 344 | Southern States Bancshares Inc. | 11865 |
| 1226 | Southside Bancshares Inc. | 34561 |
| 4302 | SouthState Corp. | 377716 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** | **Banks - 6.0% - (continued)** |
| 2259 | Stellar Bancorp Inc. | $60812 |
| 1121 | Stock Yards Bancorp Inc. | 82461 |
| 6429 | Synovus Financial Corp. | 307499 |
| 36698 | Texas Capital Bancshares Inc.\* | 2630880 |
| 2858 | TFS Financial Corp. | 37754 |
| 458 | Third Coast Bancshares Inc.\* | 14042 |
| 317 | Timberland Bancorp Inc. | 9646 |
| 684 | Tompkins Financial Corp. | 41998 |
| 3227 | Towne Bank | 111525 |
| 1724 | TriCo Bancshares | 68788 |
| 972 | Triumph Financial Inc.\* | 56152 |
| 802 | TrustCo. Bank Corp. NY | 24894 |
| 2629 | Trustmark Corp. | 90595 |
| 16980 | UMB Financial Corp. | 1750978 |
| 5645 | United Bankshares Inc. | 204010 |
| 5107 | United Community Banks Inc. | 146775 |
| 317 | Unity Bancorp Inc. | 14013 |
| 1520 | Univest Financial Corp. | 44870 |
| 482 | USCB Financial Holdings Inc. | 7967 |
| 20687 | Valley National Bancorp | 181632 |
| 2113 | Veritex Holdings Inc. | 51135 |
| 198 | Virginia National Bankshares Corp. | 7395 |
| 2516 | WaFd Inc. | 71505 |
| 851 | Washington Trust Bancorp Inc. | 23539 |
| 26222 | Webster Financial Corp. | 1349909 |
| 4166 | WesBanco Inc. | 128230 |
| 761 | West BanCorp Inc. | 14748 |
| 1109 | Westamerica BanCorp | 53287 |
| 4839 | Western Alliance Bancorp | 350392 |
| 26424 | Wintrust Financial Corp. | 3155290 |
| 2185 | WSFS Financial Corp. | 115565 |
| 6221 | Zions Bancorp NA | 294627 |
|  | Total Banks | 35889033 |
|  **Capital Markets - 2.6%** | **Capital Markets - 2.6%** |  |
| 1314 | Acadian Asset Management Inc. | 39565 |
| 1334 | Affiliated Managers Group Inc. | 234784 |
| 1313 | AlTi Global Inc.\* | 4359 |
| 2690 | Artisan Partners Asset Management Inc., Class A Shares | 108407 |
| 929 | B. Riley Financial Inc.\* | 2833 |
| 12772 | BGC Group Inc., Class A Shares | 118524 |
| 9733 | Carlyle Group Inc. (The) | 439932 |
| 7688 | Cboe Global Markets Inc. | 1761475 |
| 1255 | Cohen & Steers Inc. | 96434 |
| 170 | Diamond Hill Investment Group Inc. | 24014 |
| 6712 | DigitalBridge Group Inc. | 74235 |
| 1248 | Donnelley Financial Solutions Inc.\* | 67991 |
| 1562 | Evercore Inc., Class A Shares | 361587 |
| 1688 | FactSet Research Systems Inc. | 773543 |
| 395 | Forge Global Holdings Inc.\* | 5490 |
| 2296 | GCM Grosvenor Inc., Class A Shares | 28953 |
| 1693 | Hamilton Lane Inc., Class A Shares | 252257 |
| 12690 | Houlihan Lokey Inc., Class A Shares | 2216689 |
| 116320 | Invesco Ltd. | 1681987 |
| 6117 | Janus Henderson Group PLC | 222231 |
| 7878 | Jefferies Financial Group Inc. | 382871 |
| 5081 | Lazard Inc., Class A Shares | 220515 |
| 1628 | MarketAxess Holdings Inc. | 352315 |
| 2335 | Moelis & Co., Class A Shares | 133352 |
| 1164 | Morningstar Inc. | 359001 |
| 3688 | Open Lending Corp.\* | 6602 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Capital Markets - 2.6% - (continued)** | **Capital Markets - 2.6% - (continued)** | **Capital Markets - 2.6% - (continued)** |
| 1947 | P10 Inc., Class A Shares | $21144 |
| 3329 | Patria Investments Ltd., Class A Shares | 42411 |
| 2042 | Perella Weinberg Partners, Class A Shares | 35470 |
| 763 | Piper Sandler Cos | 191856 |
| 1036 | PJT Partners Inc., Class A Shares | 156084 |
| 29665 | Robinhood Markets Inc., Class A Shares\* | 1962340 |
| 4435 | SEI Investments Co. | 378128 |
| 575 | Silvercrest Asset Management Group Inc., Class A Shares | 8349 |
| 2861 | StepStone Group Inc., Class A Shares | 165509 |
| 17199 | Stifel Financial Corp. | 1620490 |
| 1974 | StoneX Group Inc.\* | 167109 |
| 4679 | TPG Inc., Class A Shares | 225200 |
| 1899 | Victory Capital Holdings Inc., Class A Shares | 117757 |
| 3546 | Virtu Financial Inc., Class A Shares | 142514 |
| 305 | Virtus Investment Partners Inc. | 52063 |
| 5433 | WisdomTree Inc. | 51288 |
| 18113 | XP Inc., Class A Shares | 350668 |
|  | Total Capital Markets | 15658326 |
|  **Consumer Finance - 0.6%** | **Consumer Finance - 0.6%** | **Consumer Finance - 0.6%** |
| 12095 | Ally Financial Inc. | 423325 |
| 210 | Atlanticus Holdings Corp.\* | 10301 |
| 11300 | Bread Financial Holdings Inc. | 579012 |
| 440 | Consumer Portfolio Services Inc.\* | 3982 |
| 271 | Credit Acceptance Corp.\* | 129348 |
| 346 | Dave Inc.\* | 69484 |
| 996 | Encore Capital Group Inc.\* | 37748 |
| 1138 | Enova International Inc.\* | 105458 |
| 1723 | FirstCash Holdings Inc. | 220389 |
| 2490 | Green Dot Corp., Class A Shares\* | 23008 |
| 4738 | LendingClub Corp.\* | 47522 |
| 553 | LendingTree Inc.\* | 19366 |
| 944 | Medallion Financial Corp. | 8657 |
| 3873 | Navient Corp. | 52053 |
| 691 | Nelnet Inc., Class A Shares | 80280 |
| 1345 | NerdWallet Inc., Class A Shares\* | 14176 |
| 5315 | OneMain Holdings Inc., Class A Shares | 275530 |
| 717 | OppFi Inc. | 9084 |
| 2016 | PRA Group Inc.\* | 28607 |
| 1846 | PROG Holdings Inc. | 53220 |
| 351 | Regional Management Corp. | 9284 |
| 9070 | SLM Corp. | 293596 |
| 46996 | SoFi Technologies Inc.\* | 625047 |
| 3581 | Upstart Holdings Inc.\* | 168916 |
| 182 | World Acceptance Corp.\* | 28115 |
|  | Total Consumer Finance | 3315508 |
|  **Financial Services - 1.9%** | **Financial Services - 1.9%** |  |
| 1324 | Acacia Research Corp.\* | 4939 |
| 11488 | Affirm Holdings Inc., Class A Shares\* | 596227 |
| 875 | Alerus Financial Corp. | 18384 |
| 7487 | AvidXchange Holdings Inc.\* | 73298 |
| 1317 | Banco Latinoamericano de Comercio Exterior SA, Class E Shares | 54023 |
| 8708 | Burford Capital Ltd. | 111985 |
| 2626 | Cannae Holdings Inc. | 48975 |
| 2353 | Cantaloupe Inc.\* | 19695 |
| 573 | Cass Information Systems Inc. | 24238 |
| 2987 | Compass Diversified Holdings | 20073 |
| 1453 | Enact Holdings Inc. | 51436 |
| 11532 | Equitable Holdings Inc. | 609697 |
| 4667 | Essent Group Ltd. | 270686 |
| 1806 | Euronet Worldwide Inc.\* | 195554 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Financial Services - 1.9% - (continued)** | **Financial Services - 1.9% - (continued)** | **Financial Services - 1.9% - (continued)** |
| 2788 | EVERTEC Inc. | $101009 |
| 425 | Federal Agricultural Mortgage Corp., Class C Shares | 79228 |
| 5669 | Flywire Corp.\* | 60942 |
| 5139 | HA Sustainable Infrastructure Capital Inc. | 128732 |
| 1192 | International Money Express Inc.\* | 13148 |
| 3214 | Jack Henry & Associates Inc. | 582280 |
| 2657 | Jackson Financial Inc., Class A Shares | 217635 |
| 20951 | Marqeta Inc., Class A Shares\* | 112716 |
| 706 | Merchants Bancorp | 22606 |
| 11450 | MGIC Investment Corp. | 302852 |
| 2795 | Mr Cooper Group Inc.\* | 362036 |
| 57956 | NCR Atleos Corp.\* | 1536414 |
| 1765 | NewtekOne Inc. | 19150 |
| 3516 | NMI Holdings Inc., Class A Shares\* | 139656 |
| 214 | Onity Group Inc.\* | 7931 |
| 8048 | Pagseguro Digital Ltd., Class A Shares | 71708 |
| 11857 | Payoneer Global Inc.\* | 80746 |
| 1252 | Paysafe Ltd.\* | 15462 |
| 1759 | Paysign Inc.\* | 7828 |
| 1168 | PennyMac Financial Services Inc. | 112128 |
| 1787 | Priority Technology Holdings Inc.\* | 15243 |
| 6833 | Radian Group Inc. | 233347 |
| 6531 | Remitly Global Inc.\* | 139502 |
| 3464 | Repay Holdings Corp., Class A Shares\* | 16662 |
| 721 | Sezzle Inc.\* | 76938 |
| 21585 | Shift4 Payments Inc., Class A Shares\*(a) | 2046042 |
| 12842 | StoneCo Ltd., Class A Shares\* | 175293 |
| 20315 | Toast Inc., Class A Shares\* | 856887 |
| 3755 | UWM Holdings Corp. | 16146 |
| 342 | Velocity Financial Inc.\* | 5728 |
| 4351 | Voya Financial Inc. | 289429 |
| 12986 | Walker & Dunlop Inc. | 889411 |
| 713 | Waterstone Financial Inc. | 9212 |
| 10851 | Western Union Co. (The) | 100697 |
| 1705 | WEX Inc.\* | 226646 |
|  | Total Financial Services | 11170600 |
|  **Insurance - 3.6%** | **Insurance - 3.6%** | **Insurance - 3.6%** |
| 1747 | Ambac Financial Group Inc.\* | 13679 |
| 930 | American Coastal Insurance Corp. | 10044 |
| 15260 | American Financial Group Inc. | 1891935 |
| 872 | AMERISAFE Inc. | 41394 |
| 2437 | Assurant Inc. | 494662 |
| 2256 | Assured Guaranty Ltd. | 190745 |
| 3738 | Axis Capital Holdings Ltd. | 388004 |
| 38853 | Baldwin Insurance Group Inc. (The), Class A Shares\* | 1497006 |
| 619 | Bowhead Specialty Holdings Inc.\* | 23089 |
| 2887 | Brighthouse Financial Inc.\* | 172672 |
| 4484 | CNO Financial Group Inc. | 170213 |
| 1901 | Crawford & Co., Class A Shares | 19751 |
| 1238 | Donegal Group Inc., Class A Shares | 25008 |
| 812 | Employers Holdings Inc. | 39520 |
| 582 | Enstar Group Ltd.\* | 194976 |
| 1928 | Everest Group Ltd. | 669382 |
| 1268 | F&G Annuities & Life Inc. | 40525 |
| 2591 | Fidelis Insurance Holdings Ltd. | 45291 |
| 4298 | First American Financial Corp. | 239871 |
| 15269 | Genworth Financial Inc., Class A Shares\* | 107646 |
| 3907 | Globe Life Inc. | 476146 |
| 1309 | GoHealth Inc., Class A Shares\* | 7213 |
| 992 | Goosehead Insurance Inc., Class A Shares | 107394 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Insurance - 3.6% - (continued)** | **Insurance - 3.6% - (continued)** | **Insurance - 3.6% - (continued)** |
| 2130 | Greenlight Capital Re Ltd., Class A Shares\* | $30757 |
| 2042 | Hamilton Insurance Group Ltd., Class B Shares\* | 44434 |
| 12058 | Hanover Insurance Group Inc. (The) | 2121967 |
| 365 | HCI Group Inc. | 61601 |
| 1264 | Heritage Insurance Holdings Inc.\* | 30930 |
| 1039 | Hippo Holdings Inc.\* | 24479 |
| 1798 | Horace Mann Educators Corp. | 78087 |
| 61 | Investors Title Co. | 14275 |
| 1534 | James River Group Holdings Ltd. | 8928 |
| 42278 | Kemper Corp. | 2694377 |
| 161 | Kestrel Group Ltd.\*(b) | 4091 |
| 681 | Kingsway Financial Services Inc.\* | 8758 |
| 981 | Kinsale Capital Group Inc. | 463022 |
| 2272 | Lemonade Inc.\* | 76112 |
| 6224 | Lincoln National Corp. | 206263 |
| 1651 | MBIA Inc.\* | 7281 |
| 1181 | Mercury General Corp. | 76151 |
| 380 | NI Holdings Inc.\* | 5046 |
| 11168 | Old Republic International Corp. | 422150 |
| 9383 | Oscar Health Inc., Class A Shares\* | 129485 |
| 14825 | Palomar Holdings Inc.\* | 2542043 |
| 7722 | Primerica Inc. | 2089573 |
| 2037 | ProAssurance Corp.\* | 47238 |
| 2937 | Reinsurance Group of America Inc., Class A Shares | 597063 |
| 2281 | RenaissanceRe Holdings Ltd. | 568927 |
| 3608 | RLI Corp. | 277347 |
| 386 | Root Inc., Class A Shares\* | 50562 |
| 4572 | Ryan Specialty Holdings Inc., Class A Shares | 327218 |
| 673 | Safety Insurance Group Inc. | 55280 |
| 2708 | Selective Insurance Group Inc. | 238358 |
| 9663 | Selectquote Inc.\* | 20969 |
| 2721 | SiriusPoint Ltd.\* | 53304 |
| 1595 | Skyward Specialty Insurance Group Inc.\* | 101043 |
| 1335 | Stewart Information Services Corp. | 80554 |
| 1016 | Tiptree Inc. | 22535 |
| 1782 | Trupanion Inc.\* | 84093 |
| 790 | United Fire Group Inc. | 22476 |
| 1277 | Universal Insurance Holdings Inc. | 34658 |
| 8002 | Unum Group | 653843 |
| 107 | White Mountains Insurance Group Ltd. | 190974 |
|  | Total Insurance | 21432418 |
|  **Mortgage Real Estate Investment Trusts (REITs) - 0.4%** | **Mortgage Real Estate Investment Trusts (REITs) - 0.4%** | **Mortgage Real Estate Investment Trusts (REITs) - 0.4%** |
| 773 | Advanced Flower Capital Inc. | 3834 |
| 958 | AG Mortgage Investment Trust Inc. | 6668 |
| 38665 | AGNC Investment Corp. | 345665 |
| 560 | Angel Oak Mortgage REIT Inc. | 5102 |
| 25571 | Annaly Capital Management Inc. | 484570 |
| 6248 | Apollo Commercial Real Estate Finance Inc. | 61418 |
| 5912 | Arbor Realty Trust Inc. | 56637 |
| 1995 | Ares Commercial Real Estate Corp. | 9197 |
| 2393 | ARMOUR Residential REIT Inc.(a) | 38790 |
| 7838 | Blackstone Mortgage Trust Inc., Class A Shares(a) | 148060 |
| 4825 | BrightSpire Capital Inc., Class A Shares | 24414 |
| 619 | Chicago Atlantic Real Estate Finance Inc. | 9013 |
| 3594 | Chimera Investment Corp. | 47369 |
| 3170 | Claros Mortgage Trust Inc. | 8147 |
| 3398 | Dynex Capital Inc. | 40912 |
| 3649 | Ellington Financial Inc. | 45868 |
| 3528 | Franklin BSP Realty Trust Inc. | 38914 |
| 1891 | Granite Point Mortgage Trust Inc. | 4898 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** | **FINANCIALS - 15.1% - (continued)** |
|  **Mortgage Real Estate Investment Trusts (REITs) - 0.4% - (continued)** | **Mortgage Real Estate Investment Trusts (REITs) - 0.4% - (continued)** | **Mortgage Real Estate Investment Trusts (REITs) - 0.4% - (continued)** |
| 2552 | Invesco Mortgage Capital Inc. | $18834 |
| 2073 | KKR Real Estate Finance Trust Inc. | 18512 |
| 5133 | Ladder Capital Corp., Class A Shares | 53999 |
| 4624 | MFA Financial Inc. | 43003 |
| 4100 | New York Mortgage Trust Inc. | 26773 |
| 287 | Nexpoint Real Estate Finance Inc. | 4239 |
| 3517 | Orchid Island Capital Inc. | 24021 |
| 3855 | PennyMac Mortgage Investment Trust | 47339 |
| 6373 | Ready Capital Corp. | 28487 |
| 7680 | Redwood Trust Inc. | 41856 |
| 23603 | Rithm Capital Corp. | 263173 |
| 763 | Seven Hills Realty Trust | 8996 |
| 14090 | Starwood Property Trust Inc. | 278277 |
| 1096 | Sunrise Realty Trust Inc. | 11771 |
| 2163 | TPG RE Finance Trust Inc. | 16612 |
| 4906 | Two Harbors Investment Corp. | 51955 |
|  | Total Mortgage Real Estate Investment Trusts (REITs) | 2317323 |
|  | **TOTAL FINANCIALS** | **89783208** |
|  **HEALTH CARE - 12.9%** | **HEALTH CARE - 12.9%** | **HEALTH CARE - 12.9%** |
|  **Biotechnology - 5.2%** | **Biotechnology - 5.2%** | **Biotechnology - 5.2%** |
| 1849 | 4D Molecular Therapeutics Inc.\* | 6693 |
| 105812 | 89bio Inc.\* | 1041190 |
| 3015 | Absci Corp.\* | 7990 |
| 5356 | ACADIA Pharmaceuticals Inc.\* | 115529 |
| 1392 | Achieve Life Sciences Inc.\* | 4983 |
| 4729 | Acrivon Therapeutics Inc.\* | 4965 |
| 2666 | ADC Therapeutics SA\* | 8238 |
| 10164 | ADMA Biologics Inc.\* | 201654 |
| 870 | Aduro Biotech Holdings Europe BV\*(b)(f) | 418 |
| 3891 | Adverum Biotechnologies Inc.\* | 8638 |
| 5610 | Agenus Inc.\* | 19242 |
| 2454 | Agios Pharmaceuticals Inc.\* | 78749 |
| 8695 | Akebia Therapeutics Inc.\* | 26346 |
| 3274 | Akero Therapeutics Inc.\* | 162554 |
| 2197 | Aldeyra Therapeutics Inc.\* | 4724 |
| 2467 | Alector Inc.\* | 3281 |
| 7053 | Alkermes PLC\* | 215892 |
| 5063 | Allogene Therapeutics Inc.\* | 5924 |
| 2654 | Altimmune Inc.\* | 14411 |
| 12243 | Amicus Therapeutics Inc.\* | 74315 |
| 1154 | AnaptysBio Inc.\* | 25653 |
| 3701 | Anavex Life Sciences Corp.\*(a) | 27869 |
| 530 | Anika Therapeutics Inc.\* | 5909 |
| 3983 | Annexon Inc.\* | 8125 |
| 4700 | Apellis Pharmaceuticals Inc.\* | 79571 |
| 1652 | Apogee Therapeutics Inc.\* | 60529 |
| 16572 | Applied Therapeutics Inc.\* | 5855 |
| 5603 | Arbutus Biopharma Corp.\* | 18826 |
| 1924 | Arcellx Inc.\* | 119403 |
| 772 | Arcturus Therapeutics Holdings Inc.\* | 9673 |
| 1962 | Arcus Biosciences Inc.\* | 17521 |
| 4665 | Arcutis Biotherapeutics Inc.\* | 60832 |
| 10244 | Ardelyx Inc.\* | 37595 |
| 1107 | ArriVent Biopharma Inc.\* | 23524 |
| 5214 | Arrowhead Pharmaceuticals Inc.\* | 83789 |
| 1851 | ARS Pharmaceuticals Inc.\* | 26710 |
| 3273 | Artiva Biotherapeutics Inc.\* | 6317 |
| 34892 | Ascendis Pharma AS, ADR\* | 5681813 |
| 1743 | Astria Therapeutics Inc.\* | 8297 |
| 6272 | Atossa Therapeutics Inc.\* | 4874 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** |
| 1893 | Aura Biosciences Inc.\* | $11093 |
| 5904 | Aurinia Pharmaceuticals Inc.\* | 46287 |
| 4898 | Avidity Biosciences Inc.\* | 151740 |
| 894 | Avita Medical Inc.\* | 5024 |
| 3978 | Beam Therapeutics Inc.\* | 62972 |
| 770 | Bicara Therapeutics Inc.\* | 7122 |
| 63208 | Bicycle Therapeutics PLC, ADR\* | 519570 |
| 9033 | BioCryst Pharmaceuticals Inc.\* | 97105 |
| 3637 | Biohaven Ltd.\* | 53864 |
| 5541 | Biomea Fusion Inc.\* | 7979 |
| 5973 | Black Diamond Therapeutics Inc.\* | 13141 |
| 2777 | Blueprint Medicines Corp.\* | 281449 |
| 6171 | Bridgebio Pharma Inc.\* | 211357 |
| 2178 | C4 Therapeutics Inc.\* | 2722 |
| 7092 | Cabaletta Bio Inc.\* | 13262 |
| 820 | Candel Therapeutics Inc.\* | 4469 |
| 1420 | Capricor Therapeutics Inc.\*(a) | 14044 |
| 1647 | Cardiff Oncology Inc.\* | 5616 |
| 2288 | CareDx Inc.\* | 38873 |
| 1238 | Cargo Therapeutics Inc.\* | 5261 |
| 12633 | Caribou Biosciences Inc.\* | 13391 |
| 301 | Cartesian Therapeutics Inc.\*(a) | 2878 |
| 4803 | Catalyst Pharmaceuticals Inc.\* | 119883 |
| 1284 | Celcuity Inc.\* | 13649 |
| 2808 | Celldex Therapeutics Inc.\* | 55542 |
| 11887 | Century Therapeutics Inc.\* | 6305 |
| 2454 | CG oncology Inc.\* | 62871 |
| 3744 | Cibus Inc., Class A Shares\* | 12093 |
| 5005 | Climb Bio Inc.\* | 5906 |
| 3506 | Cogent Biosciences Inc.\* | 19073 |
| 4788 | Coherus Biosciences Inc.\* | 3730 |
| 3100 | Compass Therapeutics Inc.\* | 6510 |
| 1253 | Contra Inhibrx Inc.\*(b)(f) | 1416 |
| 1664 | Corbus Pharmaceuticals Holdings Inc.\* | 12347 |
| 4067 | Crinetics Pharmaceuticals Inc.\* | 124084 |
| 1892 | Cullinan Therapeutics Inc.\* | 16356 |
| 4867 | Cytokinetics Inc.\* | 150974 |
| 1843 | Day One Biopharmaceuticals Inc.\* | 11758 |
| 5347 | Denali Therapeutics Inc.\* | 70794 |
| 1220 | Design Therapeutics Inc.\* | 4551 |
| 884 | Dianthus Therapeutics Inc.\* | 15373 |
| 1064 | Discount Medicine Inc., Class A Shares\* | 49668 |
| 5433 | Dynavax Technologies Corp.\* | 53189 |
| 4037 | Dyne Therapeutics Inc.\* | 48283 |
| 3076 | Editas Medicine Inc.\* | 5291 |
| 712 | Enanta Pharmaceuticals Inc.\* | 4222 |
| 930 | Entrada Therapeutics Inc.\* | 7068 |
| 6356 | Erasca Inc.\* | 8898 |
| 7974 | Exact Sciences Corp.\* | 448777 |
| 12443 | Exelixis Inc.\* | 535547 |
| 4506 | Fate Therapeutics Inc.\* | 5452 |
| 629 | Fennec Pharmaceuticals Inc.\* | 5107 |
| 5913 | Fibrobiologics Inc.\* | 4314 |
| 784 | Foghorn Therapeutics Inc.\* | 3199 |
| 21167 | Generation Bio Co.\* | 8005 |
| 24594 | Geron Corp.\* | 37383 |
| 420 | Greenwich Lifesciences Inc.\*(a) | 4137 |
| 5412 | Halozyme Therapeutics Inc.\* | 303451 |
| 4418 | Heron Therapeutics Inc.\* | 8306 |
| 2184 | HilleVax Inc.\* | 4084 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** |
| 3532 | Humacyte Inc.\* | $9430 |
| 3879 | Ideaya Biosciences Inc.\* | 77153 |
| 5836 | IGM Biosciences Inc.\* | 7412 |
| 5428 | ImmunityBio Inc.\* | 14438 |
| 2771 | Immunome Inc.\* | 24274 |
| 2650 | Immunovant Inc.\* | 39352 |
| 483 | Inhibrx Biosciences Inc.\* | 6506 |
| 904 | Inmune Bio Inc.\*(a) | 6672 |
| 2049 | Inovio Pharmaceuticals Inc.\* | 4098 |
| 6905 | Inozyme Pharma Inc.\* | 27413 |
| 34515 | Insmed Inc.\* | 2406731 |
| 3915 | Intellia Therapeutics Inc.\* | 26896 |
| 6780 | Ionis Pharmaceuticals Inc.\* | 227198 |
| 12703 | Iovance Biotherapeutics Inc.\* | 22230 |
| 5272 | Ironwood Pharmaceuticals Inc., Class A Shares\* | 3158 |
| 1000 | iTeos Therapeutics Inc.\* | 10020 |
| 1287 | Janux Therapeutics Inc.\* | 30631 |
| 2103 | Jasper Therapeutics Inc.\* | 11566 |
| 1371 | KalVista Pharmaceuticals Inc.\* | 16178 |
| 1624 | Keros Therapeutics Inc.\* | 22980 |
| 1755 | Kiniksa Pharmaceuticals International PLC, Class A Shares\* | 48017 |
| 1361 | Kodiak Sciences Inc.\* | 4627 |
| 230 | Korro Bio Inc.\* | 2627 |
| 1103 | Krystal Biotech Inc.\* | 138934 |
| 2800 | Kura Oncology Inc.\* | 15932 |
| 2073 | Kymera Therapeutics Inc.\* | 61444 |
| 4084 | Kyverna Therapeutics Inc.\* | 10414 |
| 1886 | Larimar Therapeutics Inc.\* | 4243 |
| 21898 | Legend Biotech Corp., ADR\* | 633947 |
| 1199 | Lexeo Therapeutics Inc.\* | 3261 |
| 5997 | Lexicon Pharmaceuticals Inc.\* | 3758 |
| 8253 | Lineage Cell Therapeutics Inc.\* | 5486 |
| 361 | Lyell Immunopharma Inc.\* | 158 |
| 2240 | MacroGenics Inc.\* | 3046 |
| 790 | Madrigal Pharmaceuticals Inc.\* | 217455 |
| 11311 | MannKind Corp.\* | 46941 |
| 1516 | MeiraGTx Holdings PLC\* | 7762 |
| 26181 | Mersana Therapeutics Inc.\* | 8998 |
| 28354 | Merus NV\* | 1589809 |
| 603 | Metsera Inc.\* | 16112 |
| 5419 | MiMedx Group Inc.\* | 34844 |
| 1181 | Mineralys Therapeutics Inc.\* | 18400 |
| 1806 | Mirum Pharmaceuticals Inc.\* | 80295 |
| 1545 | Monte Rosa Therapeutics Inc.\* | 6458 |
| 44490 | MoonLake Immunotherapeutics, Class A Shares\* | 1735555 |
| 3344 | Myriad Genetics Inc.\* | 14011 |
| 5066 | Natera Inc.\* | 799060 |
| 4409 | Neurocrine Biosciences Inc.\* | 542395 |
| 386 | Neurogene Inc.\* | 6566 |
| 2097 | Nkarta Inc.\* | 3649 |
| 7011 | Novavax Inc.\* | 51461 |
| 3388 | Nurix Therapeutics Inc.\* | 36014 |
| 1495 | Nuvalent Inc., Class A Shares\* | 111542 |
| 9673 | Ocugen Inc.\* | 8088 |
| 1468 | Olema Pharmaceuticals Inc.\* | 7751 |
| 19 | Oncternal Therapeutics Inc.\*(f) | 19 |
| 2782 | Organogenesis Holdings Inc., Class A Shares\* | 7623 |
| 2472 | ORIC Pharmaceuticals Inc.\* | 20196 |
| 27091 | Ovid therapeutics Inc.\* | 7374 |
| 5928 | PepGen Inc.\* | 8655 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** |
| 2248 | Perspective Therapeutics Inc.\* | $5777 |
| 650 | Praxis Precision Medicines Inc.\* | 25057 |
| 7302 | Precigen Inc.\* | 9639 |
| 2474 | Prime Medicine Inc.\* | 2919 |
| 4297 | ProKidney Corp., Class A Shares\* | 3106 |
| 2523 | Protagonist Therapeutics Inc.\* | 119767 |
| 1505 | Prothena Corp. PLC\* | 6908 |
| 3248 | PTC Therapeutics Inc.\* | 157593 |
| 2183 | Puma Biotechnology Inc.\* | 7160 |
| 9170 | Pyxis Oncology Inc.\* | 11096 |
| 10649 | Recursion Pharmaceuticals Inc., Class A Shares\*(a) | 44513 |
| 1711 | REGENXBIO Inc.\* | 15142 |
| 3019 | Regulus Therapeutics Inc.\* | 23941 |
| 4704 | Relay Therapeutics Inc.\* | 14112 |
| 20401 | Renovaro Inc.\* | 6318 |
| 2834 | Replimune Group Inc.\* | 25449 |
| 32674 | Revolution Medicines Inc.\* | 1287356 |
| 24997 | Rhythm Pharmaceuticals Inc.\* | 1533066 |
| 719 | Rigel Pharmaceuticals Inc.\* | 13805 |
| 3318 | Rocket Pharmaceuticals Inc.\* | 8328 |
| 18534 | Roivant Sciences Ltd.\* | 203689 |
| 2005 | Sage Therapeutics Inc.\* | 12952 |
| 4931 | Sana Biotechnology Inc.\* | 10700 |
| 3913 | Sarepta Therapeutics Inc.\* | 147129 |
| 4448 | Savara Inc.\* | 10141 |
| 3406 | Scholar Rock Holding Corp.\* | 98808 |
| 1154 | Sera Prognostics Inc., Class A Shares\* | 1800 |
| 5769 | Skye Bioscience Inc.\* | 11423 |
| 22419 | Soleno Therapeutics Inc.\* | 1644434 |
| 1114 | Solid Biosciences Inc.\* | 3576 |
| 2911 | SpringWorks Therapeutics Inc.\* | 135973 |
| 1676 | Spyre Therapeutics Inc.\* | 25609 |
| 1333 | Stoke Therapeutics Inc.\* | 12717 |
| 4216 | Summit Therapeutics Inc.\*(a) | 76794 |
| 15267 | Sutro Biopharma Inc.\* | 13705 |
| 3718 | Syndax Pharmaceuticals Inc.\* | 39188 |
| 7171 | Tango Therapeutics Inc.\* | 15920 |
| 5968 | Taysha Gene Therapies Inc.\* | 16173 |
| 9262 | Tenaya Therapeutics Inc.\* | 4261 |
| 6172 | TG Therapeutics Inc.\* | 216699 |
| 850 | Tourmaline Bio Inc.\* | 14178 |
| 3539 | Travere Therapeutics Inc., Class Preferred Shares\* | 53156 |
| 7311 | TScan Therapeutics Inc.\* | 10455 |
| 2510 | Twist Bioscience Corp.\* | 73543 |
| 760 | Tyra Biosciences Inc.\* | 6916 |
| 3896 | Ultragenyx Pharmaceutical Inc.\* | 132581 |
| 1915 | United Therapeutics Corp.\* | 610598 |
| 707 | Upstream Bio Inc.\* | 6526 |
| 1388 | UroGen Pharma Ltd.\* | 5885 |
| 2203 | Vanda Pharmaceuticals Inc.\* | 9561 |
| 49515 | Vaxcyte Inc.\* | 1608742 |
| 2020 | Vera Therapeutics Inc., Class A Shares\* | 38279 |
| 3260 | Veracyte Inc.\* | 86749 |
| 1389 | Verastem Inc.\* | 10445 |
| 2124 | Vericel Corp.\* | 87711 |
| 2617 | Verve Therapeutics Inc.\* | 11646 |
| 4576 | Viking Therapeutics Inc.\* | 122637 |
| 4601 | Vir Biotechnology Inc.\* | 22729 |
| 3337 | Viridian Therapeutics Inc.\* | 46451 |
| 1953 | Voyager Therapeutics Inc.\* | 5351 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** | **Biotechnology - 5.2% - (continued)** |
| 1262 | X4 Pharmaceuticals Inc.\* | $4291 |
| 3541 | XBiotech Inc.\* | 10092 |
| 2574 | Xencor Inc.\* | 20592 |
| 16470 | Xenon Pharmaceuticals Inc.\* | 475159 |
| 322 | XOMA Royalty Corp.\* | 7973 |
| 1519 | Y-mAbs Therapeutics Inc.\* | 6987 |
| 623 | Zenas Biopharma Inc.\* | 5931 |
| 2160 | Zentalis Pharmaceuticals Inc.\* | 2614 |
| 2264 | Zura Bio Ltd., Class A Shares\* | 2287 |
| 2037 | Zymeworks Inc.\* | 23283 |
|  | Total Biotechnology | 31008590 |
|  **Health Care Equipment & Supplies - 3.3%** | **Health Care Equipment & Supplies - 3.3%** | **Health Care Equipment & Supplies - 3.3%** |
| 139883 | Accuray Inc.\* | 214021 |
| 4502 | Alphatec Holdings Inc.\* | 55960 |
| 1510 | AngioDynamics Inc.\* | 15402 |
| 1753 | Artivion Inc.\* | 51854 |
| 24205 | AtriCure Inc.\* | 836767 |
| 1628 | Avanos Medical Inc.\* | 20464 |
| 1622 | AxoGen Inc.\* | 17664 |
| 596 | Beta Bionics Inc.\* | 10275 |
| 1374 | Bioventus Inc., Class A Shares\* | 8903 |
| 480 | Ceribell Inc.\* | 8069 |
| 6314 | Cerus Corp.\* | 8019 |
| 8886 | CONMED Corp. | 504280 |
| 605 | CVRx Inc.\* | 4014 |
| 22970 | CytoSorbents Corp.\* | 19295 |
| 8965 | DENTSPLY SIRONA Inc. | 143261 |
| 2956 | Embecta Corp. | 31127 |
| 2437 | Enovis Corp.\* | 76278 |
| 71504 | Envista Holdings Corp.\* | 1306378 |
| 7365 | Fractyl Health Inc.\* | 13993 |
| 19329 | Glaukos Corp.\* | 1822531 |
| 4912 | Globus Medical Inc., Class A Shares\* | 290692 |
| 20095 | Haemonetics Corp.\* | 1360632 |
| 930 | ICU Medical Inc.\* | 125420 |
| 2673 | Inmode Ltd.\* | 39186 |
| 990 | Inogen Inc.\* | 6361 |
| 1304 | Inspire Medical Systems Inc.\* | 180213 |
| 12866 | Integer Holdings Corp.\* | 1527966 |
| 55125 | Integra LifeSciences Holdings Corp.\* | 697882 |
| 370 | iRadimed Corp. | 21416 |
| 13309 | iRhythm Technologies Inc.\* | 1869914 |
| 25636 | Lantheus Holdings Inc.\* | 1937056 |
| 853 | LeMaitre Vascular Inc. | 70117 |
| 2458 | LivaNova PLC\* | 106308 |
| 11864 | Masimo Corp.\* | 1927900 |
| 2529 | Merit Medical Systems Inc.\* | 240331 |
| 36365 | Neogen Corp.\* | 213099 |
| 507 | NeuroPace Inc.\* | 6703 |
| 4752 | Novocure Ltd.\* | 90811 |
| 1891 | Omnicell Inc.\* | 57430 |
| 94696 | OraSure Technologies Inc.\* | 272724 |
| 3966 | Orchestra BioMed Holdings Inc.\* | 11303 |
| 1312 | Orthofix Medical Inc.\* | 14760 |
| 682 | OrthoPediatrics Corp.\* | 13613 |
| 1612 | Penumbra Inc.\* | 430356 |
| 19101 | PROCEPT BioRobotics Corp.\* | 1107858 |
| 1660 | Pulmonx Corp.\* | 5644 |
| 793 | Pulse Biosciences Inc.\*(a) | 13723 |
| 10547 | QuidelOrtho Corp.\* | 323476 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Health Care Equipment & Supplies - 3.3% - (continued)** | **Health Care Equipment & Supplies - 3.3% - (continued)** | **Health Care Equipment & Supplies - 3.3% - (continued)** |
| 1838 | RxSight Inc.\* | $28103 |
| 143 | Sanara Medtech Inc.\* | 4147 |
| 362 | Semler Scientific Inc.\* | 14480 |
| 1976 | SI-BONE Inc.\* | 37346 |
| 1632 | Sight Sciences Inc.\* | 6022 |
| 2279 | STAAR Surgical Co.\* | 40589 |
| 1944 | Stereotaxis Inc.\* | 4141 |
| 560 | Surmodics Inc.\* | 16251 |
| 906 | Tactile Systems Technology Inc.\* | 8951 |
| 2843 | Tandem Diabetes Care Inc.\* | 56348 |
| 2036 | Teleflex Inc. | 248942 |
| 1471 | TransMedics Group Inc.\* | 186993 |
| 1716 | Treace Medical Concepts Inc.\* | 9850 |
| 308 | UFP Technologies Inc.\* | 72134 |
| 72 | Utah Medical Products Inc. | 3966 |
| 38819 | Varex Imaging Corp.\* | 297742 |
| 32856 | Zimvie Inc.\* | 300304 |
| 3790 | Zynex Inc.\* | 8869 |
|  | Total Health Care Equipment & Supplies | 19476627 |
|  **Health Care Providers & Services - 2.5%** | **Health Care Providers & Services - 2.5%** | **Health Care Providers & Services - 2.5%** |
| 36776 | Acadia Healthcare Co., Inc.\* | 832609 |
| 4424 | AdaptHealth Corp., Class A Shares\* | 39727 |
| 724 | Addus HomeCare Corp.\* | 80299 |
| 12962 | agilon health Inc.\* | 28776 |
| 4031 | AirSculpt Technologies Inc.\* | 17777 |
| 4329 | Alignment Healthcare Inc.\* | 66537 |
| 1444 | Amedisys Inc.\* | 135837 |
| 1780 | AMN Healthcare Services Inc.\* | 37576 |
| 1054 | Ardent Health Partners Inc.\* | 15262 |
| 1839 | Astrana Health Inc.\* | 45589 |
| 2000 | Aveanna Healthcare Holdings Inc.\* | 10660 |
| 2440 | BrightSpring Health Services Inc.\* | 58096 |
| 8191 | Brookdale Senior Living Inc.\* | 53323 |
| 1005 | Castle Biosciences Inc.\* | 16050 |
| 651 | Chemed Corp. | 374221 |
| 5286 | Community Health Systems Inc.\* | 20510 |
| 4791 | Concentra Group Holdings Parent Inc. | 103629 |
| 1130 | CorVel Corp.\* | 125735 |
| 1226 | Cross Country Healthcare Inc.\* | 16159 |
| 2083 | DaVita Inc.\* | 283830 |
| 3686 | DocGo Inc.\* | 5234 |
| 22954 | Encompass Health Corp. | 2775139 |
| 2014 | Enhabit Inc.\* | 21147 |
| 2395 | Ensign Group Inc. (The) | 352688 |
| 726 | Fulgent Genetics Inc.\* | 15043 |
| 17307 | GeneDx Holdings Corp., Class A Shares\* | 1232604 |
| 5288 | Guardant Health Inc.\* | 214799 |
| 24454 | HealthEquity Inc.\* | 2460317 |
| 5422 | Henry Schein Inc.\* | 379486 |
| 8439 | Hims & Hers Health Inc.\* | 477310 |
| 589 | InfuSystem Holdings Inc.\* | 3404 |
| 2995 | Innovage Holding Corp.\* | 12249 |
| 424 | Joint Corp. (The)\* | 4537 |
| 6022 | LifeStance Health Group Inc.\* | 35771 |
| 2009 | Nano-X Imaging Ltd.\*(a) | 10286 |
| 550 | National HealthCare Corp. | 57277 |
| 496 | National Research Corp. | 6701 |
| 5513 | NeoGenomics Inc.\* | 40135 |
| 13691 | OPKO Health Inc.\* | 18620 |
| 47997 | Option Care Health Inc.\* | 1568542 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Health Care Providers & Services - 2.5% - (continued)** | **Health Care Providers & Services - 2.5% - (continued)** | **Health Care Providers & Services - 2.5% - (continued)** |
| 2933 | Owens & Minor Inc.\* | $19358 |
| 1605 | PACS Group Inc.\* | 15922 |
| 3715 | Pediatrix Medical Group Inc.\* | 52567 |
| 1488 | Pennant Group Inc. (The)\* | 42720 |
| 2933 | Performant Financial Corp.\* | 9004 |
| 4424 | Premier Inc., Class A Shares | 101663 |
| 4436 | Privia Health Group Inc.\* | 100963 |
| 3324 | Progyny Inc.\* | 71466 |
| 4993 | Quipt Home Medical Corp.\* | 8937 |
| 2856 | RadNet Inc.\* | 164191 |
| 4537 | Select Medical Holdings Corp. | 69371 |
| 183 | Sonida Senior Living Inc.\* | 4465 |
| 3238 | Surgery Partners Inc.\* | 76449 |
| 4583 | Talkspace Inc.\* | 14620 |
| 10170 | Tenet Healthcare Corp.\* | 1716391 |
| 2494 | Universal Health Services Inc., Class B Shares | 474733 |
| 657 | US Physical Therapy Inc. | 49268 |
| 1122 | Viemed Healthcare Inc.\* | 7461 |
|  | Total Health Care Providers & Services | 15053040 |
|  **Health Care Technology - 0.1%** | **Health Care Technology - 0.1%** | **Health Care Technology - 0.1%** |
| 5075 | Certara Inc.\* | 57652 |
| 2148 | Definitive Healthcare Corp., Class A Shares\* | 7110 |
| 5538 | Doximity Inc., Class A Shares\* | 288474 |
| 4973 | Evolent Health Inc., Class A Shares\* | 37049 |
| 2001 | Health Catalyst Inc.\* | 7604 |
| 1106 | HealthStream Inc. | 30990 |
| 1315 | LifeMD Inc.\* | 16056 |
| 765 | OptimizeRx Corp.\* | 9287 |
| 2350 | Phreesia Inc.\* | 57551 |
| 2367 | Schrodinger Inc.\* | 51175 |
| 763 | Simulations Plus Inc. | 24298 |
| 7241 | Teladoc Health Inc.\* | 50108 |
| 3995 | Waystar Holding Corp.\* | 159720 |
|  | Total Health Care Technology | 797074 |
|  **Life Sciences Tools & Services - 1.1%** | **Life Sciences Tools & Services - 1.1%** | **Life Sciences Tools & Services - 1.1%** |
| 4801 | 10X Genomics Inc., Class A Shares\* | 45754 |
| 5228 | Adaptive Biotechnologies Corp.\* | 49771 |
| 8166 | Akoya Biosciences Inc.\* | 10207 |
| 82270 | Avantor Inc.\* | 1062106 |
| 1860 | Azenta Inc.\* | 49699 |
| 1699 | BioLife Solutions Inc.\* | 37174 |
| 4784 | Bio-Rad Laboratories Inc., Class A Shares\* | 1085633 |
| 6978 | Bio-Techne Corp. | 337735 |
| 4850 | Bruker Corp. | 177995 |
| 6586 | Charles River Laboratories International Inc.\* | 893259 |
| 2694 | Codexis Inc.\* | 6196 |
| 1543 | CryoPort Inc.\* | 9273 |
| 4520 | Cytek Biosciences Inc.\* | 12520 |
| 3388 | Fortrea Holdings Inc.\* | 14568 |
| 23525 | Harvard Bioscience Inc.\* | 10986 |
| 7803 | ICON PLC, ADR\* | 1016575 |
| 789 | Lifecore Biomedical Inc.\* | 5342 |
| 4400 | Maravai LifeSciences Holdings Inc., Class A Shares\* | 9900 |
| 3837 | MaxCyte Inc.\* | 9132 |
| 1129 | Medpace Holdings Inc.\* | 332942 |
| 208 | Mesa Laboratories Inc. | 20929 |
| 11836 | Nautilus Biotechnology Inc., Class A Shares\* | 8841 |
| 2063 | Niagen Bioscience Inc.\* | 22322 |
| 2956 | OmniAb Inc.\* | 3754 |
| 234 | OmniAb Inc., (Cost - $0, acquired 11/3/22), Class CR3 Shares\*(b)(c)(f) |  |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Life Sciences Tools & Services - 1.1% - (continued)** | **Life Sciences Tools & Services - 1.1% - (continued)** | **Life Sciences Tools & Services - 1.1% - (continued)** |
| 234 | OmniAb Inc., (Cost - $0, acquired 11/3/22), Class CR4 Shares\*(b)(c)(f) | $– |
| 10144 | Pacific Biosciences of California Inc.\*(a) | 9776 |
| 9629 | QIAGEN NV\* | 434557 |
| 1361 | Quanterix Corp.\* | 7077 |
| 4548 | Quantum-Si Inc.\* | 7641 |
| 2436 | Repligen Corp.\* | 287619 |
| 6350 | Sotera Health Co.\* | 77724 |
| 148360 | Standard BioTools Inc.\* | 149844 |
|  | Total Life Sciences Tools & Services | 6206851 |
|  **Pharmaceuticals - 0.7%** | **Pharmaceuticals - 0.7%** | **Pharmaceuticals - 0.7%** |
| 1323 | Alto Neuroscience Inc.\* | 3413 |
| 2077 | Alumis Inc.\* | 7270 |
| 99017 | Amneal Pharmaceuticals Inc.\* | 724804 |
| 1780 | Amphastar Pharmaceuticals Inc.\* | 45764 |
| 780 | ANI Pharmaceuticals Inc.\* | 45802 |
| 2797 | Aquestive Therapeutics Inc.\* | 7580 |
| 2409 | Arvinas Inc.\* | 17345 |
| 3220 | Atea Pharmaceuticals Inc.\* | 9563 |
| 4495 | Avadel Pharmaceuticals PLC\* | 40949 |
| 1573 | Axsome Therapeutics Inc.\* | 165417 |
| 813 | Biote Corp., Class A Shares\* | 2813 |
| 1775 | Cassava Sciences Inc.\* | 3568 |
| 1004 | CinCor Pharma Inc.\*(f) | 3383 |
| 1493 | Collegium Pharmaceutical Inc.\* | 43506 |
| 1433 | Contineum Therapeutics Inc., Class A Shares\* | 5245 |
| 3559 | Corcept Therapeutics Inc.\* | 276036 |
| 2788 | CorMedix Inc.\* | 33846 |
| 3359 | Edgewise Therapeutics Inc.\* | 47967 |
| 21753 | Elanco Animal Health Inc.\* | 292360 |
| 1733 | Enliven Therapeutics Inc.\* | 30795 |
| 6941 | Esperion Therapeutics Inc.\* | 5898 |
| 2092 | Evolus Inc.\* | 19226 |
| 2520 | EyePoint Pharmaceuticals Inc.\* | 18245 |
| 2335 | Fulcrum Therapeutics Inc.\* | 16053 |
| 1681 | Harmony Biosciences Holdings Inc.\* | 57995 |
| 1464 | Harrow Inc.\* | 41153 |
| 2707 | Innoviva Inc.\* | 52976 |
| 2621 | Jazz Pharmaceuticals PLC\* | 283251 |
| 473 | LENZ Therapeutics Inc.\* | 13812 |
| 775 | Ligand Pharmaceuticals Inc.\* | 79197 |
| 2788 | Liquidia Corp.\* | 41597 |
| 447 | MBX Biosciences Inc.\* | 5552 |
| 442 | MediWound Ltd.\* | 9706 |
| 3086 | Mind Medicine MindMed Inc.\* | 22404 |
| 6609 | Nektar Therapeutics, Class A Shares\* | 4788 |
| 14133 | Neumora Therapeutics Inc.\* | 10123 |
| 6179 | Nuvation Bio Inc.\* | 13099 |
| 6870 | Ocular Therapeutix Inc.\* | 55029 |
| 2109 | Omeros Corp.\* | 6517 |
| 11469 | Organon & Co. | 105744 |
| 2002 | Pacira BioSciences Inc.\* | 51732 |
| 5944 | Perrigo Co. PLC | 159121 |
| 1403 | Phathom Pharmaceuticals Inc.\* | 5963 |
| 789 | Phibro Animal Health Corp., Class A Shares | 19267 |
| 2130 | Pliant Therapeutics Inc.\* | 2876 |
| 2113 | Prestige Consumer Healthcare Inc.\* | 181021 |
| 1078 | Rapport Therapeutics Inc.\* | 8915 |
| 68 | Scilex Holding Co.\* | 348 |
| 4282 | scPharmaceuticals Inc.\* | 15587 |
| 717 | Septerna Inc.\* | 6632 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** | **HEALTH CARE - 12.9% - (continued)** |
|  **Pharmaceuticals - 0.7% - (continued)** | **Pharmaceuticals - 0.7% - (continued)** | **Pharmaceuticals - 0.7% - (continued)** |
| 1907 | SIGA Technologies Inc. | $11404 |
| 2118 | Supernus Pharmaceuticals Inc.\* | 67141 |
| 1674 | Tarsus Pharmaceuticals Inc.\* | 71898 |
| 2404 | Terns Pharmaceuticals Inc.\* | 7476 |
| 1412 | Theravance Biopharma Inc.\* | 12934 |
| 866 | Third Harmonic Bio Inc.\* | 4512 |
| 3255 | Trevi Therapeutics Inc.\* | 21190 |
| 2805 | Ventyx Biosciences Inc.\* | 4769 |
| 7526 | Verona Pharma PLC, ADR\* | 611111 |
| 8130 | Veru Inc.\* | 4132 |
| 4719 | WaVe Life Sciences Ltd.\* | 28361 |
| 6967 | Xeris Biopharma Holdings Inc.\* | 34417 |
| 2080 | Zevra Therapeutics Inc.\* | 17784 |
|  | Total Pharmaceuticals | 4018382 |
|  **Pharmaceuticals, Biotechnology & Life Sciences - 0.0%@** | **Pharmaceuticals, Biotechnology & Life Sciences - 0.0%@** | **Pharmaceuticals, Biotechnology & Life Sciences - 0.0%@** |
| 1045 | AstraZeneca PLC\*(b)(f) | 324 |
| 2089 | Novartis AG\*(b)(f) | 334 |
|  | Total Pharmaceuticals, Biotechnology & Life Sciences | 658 |
|  | **TOTAL HEALTH CARE** | **76561222** |
|  **INDUSTRIALS - 20.3%** | **INDUSTRIALS - 20.3%** | **INDUSTRIALS - 20.3%** |
|  **Aerospace & Defense - 1.4%** | **Aerospace & Defense - 1.4%** | **Aerospace & Defense - 1.4%** |
| 1466 | AAR Corp.\* | 90027 |
| 1242 | Aerovironment Inc.\* | 221113 |
| 1142 | AerSale Corp.\* | 6726 |
| 13732 | Archer Aviation Inc., Class A Shares\* | 138556 |
| 1333 | Astronics Corp.\* | 41616 |
| 5429 | ATI Inc.\* | 432365 |
| 3993 | BWX Technologies Inc. | 501521 |
| 693 | Byrna Technologies Inc.\* | 18475 |
| 1167 | Cadre Holdings Inc. | 38243 |
| 1693 | Curtiss-Wright Corp. | 745106 |
| 613 | Ducommun Inc.\* | 43143 |
| 1989 | Eve Holding Inc.\* | 10741 |
| 3498 | Hexcel Corp. | 185009 |
| 1730 | Huntington Ingalls Industries Inc. | 385894 |
| 1448 | Intuitive Machines Inc., Class A Shares\* | 16522 |
| 6550 | Kratos Defense & Security Solutions Inc.\* | 241629 |
| 3240 | Leonardo DRS Inc. | 137052 |
| 1857 | Loar Holdings Inc.\* | 161652 |
| 27712 | Mercury Systems Inc.\* | 1364816 |
| 1241 | Moog Inc., Class A Shares | 229970 |
| 266 | National Presto Industries Inc. | 22783 |
| 809 | Park Aerospace Corp. | 11043 |
| 1016 | Redwire Corp.\*(a) | 14539 |
| 66534 | Rocket Lab Corp.\* | 1782446 |
| 5186 | Spirit AeroSystems Holdings Inc., Class A Shares\* | 193853 |
| 6052 | Standard Aero Inc.\* | 177505 |
| 8297 | Textron Inc. | 614227 |
| 3335 | Triumph Group Inc.\* | 86010 |
| 668 | V2X Inc.\* | 30247 |
| 2972 | Virgin Galactic Holdings Inc.\*(a) | 9540 |
| 2582 | Woodward Inc. | 558564 |
|  | Total Aerospace & Defense | 8510933 |
|  **Air Freight & Logistics - 0.6%** | **Air Freight & Logistics - 0.6%** | **Air Freight & Logistics - 0.6%** |
| 18523 | CH Robinson Worldwide Inc. | 1777653 |
| 941 | Forward Air Corp.\* | 15790 |
| 36466 | GXO Logistics Inc.\* | 1500211 |
| 3061 | Hub Group Inc., Class A Shares | 103186 |
| 1467 | Radiant Logistics Inc.\* | 8714 |
|  | Total Air Freight & Logistics | 3405554 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** |  |
|  **Building Products - 1.3%** | **Building Products - 1.3%** |  |
| 2962 | AAON Inc. | $285211 |
| 3074 | Advanced Drainage Systems Inc. | 338017 |
| 3828 | Allegion PLC | 546256 |
| 582 | American Woodmark Corp.\* | 32807 |
| 5171 | AO Smith Corp. | 332547 |
| 989 | Apogee Enterprises Inc. | 38225 |
| 1912 | Armstrong World Industries Inc. | 297565 |
| 6217 | AZEK Co., Inc. (The), Class A Shares\* | 307804 |
| 1323 | AZZ Inc. | 119983 |
| 733 | CSW Industrials Inc. | 224144 |
| 5494 | Fortune Brands Innovations Inc. | 276898 |
| 1305 | Gibraltar Industries Inc.\* | 76447 |
| 1696 | Griffon Corp. | 116600 |
| 6131 | Hayward Holdings Inc.\* | 85527 |
| 902 | Insteel Industries Inc. | 31588 |
| 5582 | Janus International Group Inc.\* | 45605 |
| 3402 | JELD-WEN Holding Inc.\* | 12417 |
| 1410 | Lennox International Inc. | 795874 |
| 5199 | Masterbrand Inc.\* | 53030 |
| 3752 | Owens Corning. | 502580 |
| 2313 | Quanex Building Products Corp. | 38696 |
| 108057 | Resideo Technologies Inc.\* | 2236780 |
| 1850 | Simpson Manufacturing Co., Inc. | 288045 |
| 960 | Tecnoglass Inc. | 82205 |
| 4666 | Trex Co., Inc.\* | 260689 |
| 2632 | UFP Industries Inc. | 256778 |
| 6452 | Zurn Elkay Water Solutions Corp. | 233498 |
|  | Total Building Products | 7915816 |
|  **Commercial Services & Supplies - 2.0%** | **Commercial Services & Supplies - 2.0%** |  |
| 2796 | ABM Industries Inc. | 147209 |
| 3556 | ACCO Brands Corp. | 12766 |
| 6256 | ACV Auctions Inc., Class A Shares\* | 102473 |
| 2732 | BrightView Holdings Inc.\* | 42565 |
| 1891 | Brink's Co. (The) | 155176 |
| 31276 | Casella Waste Systems Inc., Class A Shares\* | 3665860 |
| 1131 | CECO Environmental Corp.\* | 30413 |
| 813 | Cimpress PLC\* | 35983 |
| 6301 | Clean Harbors Inc.\* | 1429004 |
| 4902 | CoreCivic Inc.\* | 107648 |
| 1777 | Deluxe Corp. | 25358 |
| 2666 | Driven Brands Holdings Inc.\* | 47508 |
| 939 | Ennis Inc. | 17531 |
| 161887 | Enviri Corp.\* | 1319379 |
| 5595 | GEO Group Inc. (The)\* | 151848 |
| 3446 | Healthcare Services Group Inc.\* | 48589 |
| 2098 | HNI Corp. | 97620 |
| 2521 | Interface Inc., Class A Shares. | 50647 |
| 36017 | LanzaTech Global Inc.\* | 10164 |
| 1006 | Liquidity Services Inc.\* | 23510 |
| 57435 | MillerKnoll Inc. | 968928 |
| 1202 | Montrose Environmental Group Inc.\* | 23475 |
| 1612 | MSA Safety Inc. | 262708 |
| 477 | NL Industries Inc. | 3477 |
| 95409 | OPENLANE Inc.\* | 2187728 |
| 698 | Perma-Fix Environmental Services Inc.\* | 7392 |
| 4876 | Pitney Bowes Inc. | 50223 |
| 1177 | Quad/Graphics Inc. | 6862 |
| 3444 | Quest Resource Holding Corp.\* | 7577 |
| 4264 | Steelcase Inc., Class A Shares | 43962 |
| 11660 | Tetra Tech Inc. | 407400 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** |  |
|  **Commercial Services & Supplies - 2.0% - (continued)** | **Commercial Services & Supplies - 2.0% - (continued)** |  |
| 644 | UniFirst Corp. | $121433 |
| 5470 | Vestis Corp. | 33695 |
| 459 | Virco Mfg. Corp. | 3860 |
| 793 | VSE Corp. | 103161 |
|  | Total Commercial Services & Supplies | 11753132 |
|  **Construction & Engineering - 3.4%** | **Construction & Engineering - 3.4%** |  |
| 5886 | AECOM | 646577 |
| 1214 | Ameresco Inc., Class A Shares\* | 16729 |
| 10137 | API Group Corp.\* | 473094 |
| 21628 | Arcosa Inc. | 1865848 |
| 570 | Argan Inc. | 119871 |
| 487 | Bowman Consulting Group Ltd.\* | 12209 |
| 888 | Centuri Holdings Inc.\*(a) | 18541 |
| 13036 | Comfort Systems USA Inc. | 6234206 |
| 834 | Concrete Pumping Holdings Inc. | 5863 |
| 1989 | Construction Partners Inc., Class A Shares\* | 208228 |
| 1262 | Dycom Industries Inc.\* | 290159 |
| 2007 | EMCOR Group Inc. | 947023 |
| 2227 | Everus Construction Group Inc.\* | 128966 |
| 79554 | Fluor Corp.\* | 3307855 |
| 1927 | Granite Construction Inc. | 172370 |
| 3339 | Great Lakes Dredge & Dock Corp.\* | 37330 |
| 382 | IES Holdings Inc.\* | 99190 |
| 469 | Limbach Holdings Inc.\* | 60135 |
| 10168 | MasTec Inc.\* | 1585496 |
| 966 | Matrix Service Co.\* | 11805 |
| 679 | MYR Group Inc.\* | 106501 |
| 345 | Northwest Pipe Co.\* | 13331 |
| 2083 | Orion Group Holdings Inc.\* | 17164 |
| 13770 | Primoris Services Corp. | 992955 |
| 1319 | Sterling Infrastructure Inc.\* | 247985 |
| 2070 | Tutor Perini Corp.\* | 76342 |
| 883 | Valmont Industries Inc. | 280829 |
| 92738 | WillScot Holdings Corp. | 2499289 |
|  | Total Construction & Engineering | 20475891 |
|  **Electrical Equipment - 1.6%** | **Electrical Equipment - 1.6%** |  |
| 1363 | Acuity Inc. | 354230 |
| 552 | Allient Inc. | 16781 |
| 1703 | American Superconductor Corp.\* | 48127 |
| 6896 | Array Technologies Inc.\* | 45514 |
| 1513 | Atkore Inc. | 98496 |
| 157001 | Babcock & Wilcox Enterprises Inc.\* | 109618 |
| 3902 | Blink Charging Co.\* | 2743 |
| 46566 | Bloom Energy Corp., Class A Shares\* | 860074 |
| 16407 | ChargePoint Holdings Inc.\* | 11413 |
| 5000 | Energy Vault Holdings Inc.\* | 4130 |
| 1696 | EnerSys | 141836 |
| 7433 | Enovix Corp.\*(a) | 56639 |
| 2291 | Fluence Energy Inc., Class A Shares\* | 10768 |
| 693 | FuelCell Energy Inc.\* | 3541 |
| 2550 | Generac Holdings Inc.\* | 311431 |
| 9573 | GrafTech International Ltd.\* | 9537 |
| 5642 | Hyliion Holdings Corp.\* | 8689 |
| 1058 | LSI Industries Inc. | 17214 |
| 958 | NANO Nuclear Energy Inc.\*(a) | 28865 |
| 3716 | Net Power Inc.\* | 7915 |
| 44867 | NEXTracker Inc., Class A Shares\* | 2543510 |
| 3613 | NuScale Power Corp.\* | 115580 |
| 7279 | nVent Electric PLC. | 478958 |
| 35487 | Plug Power Inc.\* | 31324 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** |  |
|  **Electrical Equipment - 1.6% - (continued)** | **Electrical Equipment - 1.6% - (continued)** |  |
| 405 | Powell Industries Inc. | $68684 |
| 90 | Preformed Line Products Co. | 12838 |
| 26051 | Regal Rexnord Corp. | 3476245 |
| 6680 | Sensata Technologies Holding PLC | 174081 |
| 4932 | SES AI Corp.\*(a) | 4483 |
| 6364 | Shoals Technologies Group Inc., Class A Shares\* | 30038 |
| 24291 | Stem Inc.\* | 11881 |
| 9883 | Sunrun Inc.\* | 74024 |
| 4089 | T1 Energy Inc.\*(a) | 4457 |
| 1536 | Thermon Group Holdings Inc.\* | 39844 |
| 12922 | TPI Composites Inc.\* | 15506 |
| 997 | Vicor Corp.\* | 43509 |
|  | Total Electrical Equipment | 9272523 |
|  **Ground Transportation - 0.8%** | **Ground Transportation - 0.8%** |  |
| 18212 | ArcBest Corp. | 1141710 |
| 754 | Avis Budget Group Inc.\* | 91830 |
| 636 | Covenant Logistics Group Inc., Class A Shares | 14437 |
| 3808 | FTAI Infrastructure Inc. | 23267 |
| 1639 | Heartland Express Inc. | 14669 |
| 6024 | Hertz Global Holdings Inc.\* | 39457 |
| 6939 | Knight-Swift Transportation Holdings Inc., Class A Shares | 307536 |
| 1517 | Landstar System Inc. | 208163 |
| 16467 | Lyft Inc., Class A Shares\* | 250957 |
| 2604 | Marten Transport Ltd. | 33956 |
| 234 | PAMT CORP\* | 2939 |
| 511 | Proficient Auto Logistics Inc.\* | 4119 |
| 7059 | RXO Inc.\* | 109626 |
| 1837 | Ryder System Inc. | 270278 |
| 5877 | Saia Inc.\* | 1553937 |
| 2157 | Schneider National Inc., Class B Shares | 49978 |
| 4379 | U-Haul Holding Co. | 249778 |
| 412 | U-Haul Holding Co.\* | 26368 |
| 261 | Universal Logistics Holdings Inc. | 6280 |
| 2582 | Werner Enterprises Inc. | 67003 |
| 5071 | XPO Inc.\* | 577232 |
|  | Total Ground Transportation | 5043520 |
|  **Industrial Conglomerates - 0.0%@** | **Industrial Conglomerates - 0.0%@** |  |
| 1332 | Brookfield Business Corp., Class A Shares | 38002 |
|  **Machinery - 3.9%** | **Machinery - 3.9%** |  |
| 28042 | 374Water Inc.\* | 12181 |
| 4809 | 3D Systems Corp.\* | 7454 |
| 2739 | AGCO Corp. | 268367 |
| 460 | Alamo Group Inc. | 91098 |
| 1318 | Albany International Corp., Class A Shares | 87080 |
| 3842 | Allison Transmission Holdings Inc. | 397724 |
| 1055 | Astec Industries Inc. | 41451 |
| 3595 | Atmus Filtration Technologies Inc. | 129492 |
| 1420 | Blue Bird Corp.\* | 54954 |
| 1881 | Chart Industries Inc.\* | 295054 |
| 93872 | CNH Industrial NV | 1174339 |
| 1561 | Columbus McKinnon Corp. | 22728 |
| 7090 | Commercial Vehicle Group Inc.\* | 9217 |
| 2146 | Crane Co. | 367824 |
| 5327 | Donaldson Co., Inc. | 370493 |
| 1132 | Douglas Dynamics Inc. | 31119 |
| 273 | Eastern Co. (The) | 6107 |
| 2593 | Energy Recovery Inc.\* | 32698 |
| 2426 | Enerpac Tool Group Corp., Class A Shares | 104027 |
| 894 | Enpro Inc. | 165515 |
| 2492 | Esab Corp. | 306491 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** |
|  **Machinery - 3.9% - (continued)** | **Machinery - 3.9% - (continued)** | **Machinery - 3.9% - (continued)** |
| 1150 | ESCO Technologies Inc. | $208426 |
| 2631 | Federal Signal Corp. | 247498 |
| 5853 | Flowserve Corp. | 292123 |
| 1931 | Franklin Electric Co., Inc. | 166819 |
| 10565 | Gates Industrial Corp. PLC\* | 223450 |
| 401 | Gencor Industries Inc.\* | 5530 |
| 917 | Gorman-Rupp Co. (The) | 33470 |
| 7325 | Graco Inc. | 620134 |
| 421 | Graham Corp.\* | 16600 |
| 1467 | Greenbrier Cos., Inc. (The) | 66118 |
| 13587 | Helios Technologies Inc. | 411958 |
| 3074 | Hillenbrand Inc. | 60066 |
| 8182 | Hillman Solutions Corp.\* | 59238 |
| 635 | Hyster-Yale Inc. | 25502 |
| 23505 | ITT Inc. | 3538443 |
| 13621 | JBT Marel Corp. | 1563827 |
| 505 | Kadant Inc. | 158525 |
| 3688 | Kennametal Inc. | 79403 |
| 327 | LB Foster Co., Class A Shares\* | 6177 |
| 2448 | Lincoln Electric Holdings Inc. | 473908 |
| 453 | Lindsay Corp. | 63148 |
| 1171 | Luxfer Holdings PLC, ADR | 13385 |
| 1152 | Manitowoc Co., Inc. (The)\* | 12108 |
| 556 | Mayville Engineering Co., Inc.\* | 8763 |
| 2349 | Middleby Corp. (The)\* | 343259 |
| 420 | Miller Industries Inc. | 19039 |
| 4885 | Mueller Industries Inc. | 380395 |
| 84956 | Mueller Water Products Inc., Class A Shares | 2083971 |
| 2153 | NN Inc.\* | 4414 |
| 2480 | Nordson Corp. | 525735 |
| 108 | Omega Flex Inc. | 3534 |
| 2906 | Oshkosh Corp. | 288246 |
| 333 | Park-Ohio Holdings Corp. | 6094 |
| 25012 | Pentair PLC | 2480690 |
| 1146 | Proto Labs Inc.\* | 42379 |
| 1246 | RBC Bearings Inc.\* | 455874 |
| 2400 | REV Group Inc. | 89976 |
| 1310 | Shyft Group Inc. (The) | 13742 |
| 2287 | Snap-on Inc. | 733555 |
| 6020 | SPX Technologies Inc.\* | 915582 |
| 503 | Standex International Corp. | 75923 |
| 112099 | Stratasys Ltd.\* | 1157983 |
| 100 | Taylor Devices Inc.\* | 3693 |
| 851 | Tennant Co. | 63331 |
| 2949 | Terex Corp. | 132734 |
| 2796 | Timken Co. (The) | 191498 |
| 1948 | Titan International Inc.\* | 14103 |
| 4448 | Toro Co. (The) | 337069 |
| 3602 | Trinity Industries Inc. | 92715 |
| 572 | Twin Disc Inc. | 4147 |
| 1794 | Wabash National Corp. | 15554 |
| 1196 | Watts Water Technologies Inc., Class A Shares | 289575 |
| 1348 | Worthington Enterprises Inc. | 79411 |
|  | Total Machinery | 23174253 |
|  **Marine Transportation - 0.2%** | **Marine Transportation - 0.2%** | **Marine Transportation - 0.2%** |
| 328 | Costamare Bulkers Holdings Ltd.\*(b) | 3070 |
| 1644 | Costamare Inc. | 14089 |
| 2187 | Genco Shipping & Trading Ltd. | 28956 |
| 5933 | Golden Ocean Group Ltd. | 45684 |
| 1059 | Himalaya Shipping Ltd.\* | 6333 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** |
|  **Marine Transportation - 0.2% - (continued)** | **Marine Transportation - 0.2% - (continued)** | **Marine Transportation - 0.2% - (continued)** |
| 10180 | Kirby Corp.\* | $1126315 |
| 1421 | Matson Inc. | 160360 |
| 1037 | Pangaea Logistics Solutions Ltd. | 4667 |
| 2124 | Safe Bulkers Inc. | 8071 |
|  | Total Marine Transportation | 1397545 |
|  **Passenger Airlines - 0.2%** | **Passenger Airlines - 0.2%** | **Passenger Airlines - 0.2%** |
| 5429 | Alaska Air Group Inc.\* | 276499 |
| 743 | Allegiant Travel Co.\* | 41296 |
| 29075 | American Airlines Group Inc.\* | 331746 |
| 2589 | Blade Air Mobility Inc.\* | 9036 |
| 1629 | Frontier Group Holdings Inc.\* | 6549 |
| 12963 | JetBlue Airways Corp.\* | 65463 |
| 18900 | Joby Aviation Inc.\* | 147798 |
| 1696 | SkyWest Inc.\* | 172059 |
| 1505 | Sun Country Airlines Holdings Inc.\* | 17428 |
| 3734 | Wheels Up Experience Inc.\*(a) | 4891 |
|  | Total Passenger Airlines | 1072765 |
|  **Professional Services - 2.4%** | **Professional Services - 2.4%** | **Professional Services - 2.4%** |
| 156273 | Alight Inc., Class A Shares | 853251 |
| 986 | Asure Software Inc.\* | 9564 |
| 1114 | Barrett Business Services Inc. | 46036 |
| 942 | BlackSky Technology Inc., Class A Shares\* | 10541 |
| 4305 | CACI International Inc., Class A Shares\* | 1842540 |
| 2129 | CBIZ Inc.\* | 153799 |
| 17951 | Clarivate PLC\* | 75753 |
| 2001 | Concentrix Corp. | 111986 |
| 308844 | Conduent Inc.\* | 691811 |
| 293 | CRA International Inc. | 55685 |
| 1280 | CSG Systems International Inc. | 84557 |
| 6637 | Dayforce Inc.\* | 392114 |
| 13245 | Dun & Bradstreet Holdings Inc. | 119337 |
| 6890 | ExlService Holdings Inc.\* | 316871 |
| 2202 | Exponent Inc. | 168101 |
| 62885 | First Advantage Corp.\* | 1076591 |
| 386 | Forrester Research Inc.\* | 4103 |
| 392 | Franklin Covey Co.\* | 9165 |
| 1542 | FTI Consulting Inc.\* | 253135 |
| 7609 | Genpact Ltd. | 327568 |
| 946 | Heidrick & Struggles International Inc. | 41302 |
| 853 | HireQuest Inc. | 8539 |
| 758 | Huron Consulting Group Inc.\* | 108265 |
| 603 | IBEX Holdings Ltd.\* | 17360 |
| 809 | ICF International Inc. | 69509 |
| 1237 | Innodata Inc.\* | 48824 |
| 1550 | Insperity Inc. | 100316 |
| 57446 | KBR Inc. | 2998107 |
| 1238 | Kelly Services Inc., Class A Shares | 14509 |
| 823 | Kforce Inc. | 33578 |
| 2220 | Korn Ferry | 150982 |
| 5156 | Legalzoom.com Inc.\* | 47074 |
| 2132 | ManpowerGroup Inc. | 89437 |
| 2486 | Maximus Inc. | 180260 |
| 777 | Mistras Group Inc.\* | 5866 |
| 2614 | NV5 Global Inc.\* | 57769 |
| 1978 | Parsons Corp.\* | 128254 |
| 1910 | Paylocity Holding Corp.\* | 364619 |
| 10001 | Planet Labs PBC\* | 38404 |
| 347 | Resolute Holdings Management Inc.\*(a) | 11933 |
| 1137 | Resources Connection Inc. | 5930 |
| 29202 | Robert Half Inc. | 1337160 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** | **INDUSTRIALS - 20.3% - (continued)** |
|  **Professional Services - 2.4% - (continued)** | **Professional Services - 2.4% - (continued)** | **Professional Services - 2.4% - (continued)** |
| 2111 | Science Applications International Corp. | $243905 |
| 793 | Spire Global Inc.\* | 8231 |
| 1404 | TriNet Group Inc. | 116827 |
| 920 | TrueBlue Inc.\* | 5520 |
| 988 | TTEC Holdings Inc.\* | 4851 |
| 5380 | Upwork Inc.\* | 83336 |
| 7355 | Verra Mobility Corp., Class A Shares\* | 173946 |
| 657 | Willdan Group Inc.\* | 35511 |
| 16838 | WNS Holdings Ltd.\* | 976436 |
|  | Total Professional Services | 14109068 |
|  **Trading Companies & Distributors - 2.5%** | **Trading Companies & Distributors - 2.5%** | **Trading Companies & Distributors - 2.5%** |
| 29462 | AerCap Holdings NV | 3409637 |
| 4748 | Air Lease Corp., Class A Shares | 273532 |
| 1046 | Alta Equipment Group Inc. | 4969 |
| 8183 | Applied Industrial Technologies Inc. | 1853613 |
| 316 | BlueLinx Holdings Inc.\* | 21147 |
| 1657 | Boise Cascade Co. | 143960 |
| 30589 | Core & Main Inc., Class A Shares\* | 1676583 |
| 1832 | Custom Truck One Source Inc.\* | 7878 |
| 434 | Distribution Solutions Group Inc.\* | 11826 |
| 4884 | DNOW Inc.\* | 70427 |
| 564 | DXP Enterprises Inc.\* | 46632 |
| 261 | EVI Industries Inc. | 4839 |
| 33199 | FTAI Aviation Ltd. | 3889263 |
| 1573 | GATX Corp. | 250485 |
| 459 | Global Industrial Co. | 11957 |
| 1693 | GMS Inc.\* | 128211 |
| 1470 | H&E Equipment Services Inc. | 139121 |
| 9459 | Herc Holdings Inc. | 1172916 |
| 1643 | Hudson Technologies Inc.\* | 11747 |
| 224 | Karat Packaging Inc. | 7047 |
| 1041 | McGrath RentCorp. | 116988 |
| 3818 | MRC Global Inc.\* | 47381 |
| 1983 | MSC Industrial Direct Co., Inc., Class A Shares | 161020 |
| 4000 | NPK International Inc.\* | 32360 |
| 2665 | Rush Enterprises Inc., Class A Shares | 132317 |
| 410 | Rush Enterprises Inc., Class B Shares | 21408 |
| 1966 | SiteOne Landscape Supply Inc.\* | 229648 |
| 751 | Titan Machinery Inc.\* | 14029 |
| 420 | Transcat Inc.\* | 36700 |
| 1522 | Watsco Inc. | 675114 |
| 1905 | WESCO International Inc. | 319830 |
| 106 | Willis Lease Finance Corp. | 14240 |
| 1809 | Xometry Inc., Class A Shares\* | 59968 |
|  | Total Trading Companies & Distributors | 14996793 |
|  **Transportation Infrastructure - 0.0%@** | **Transportation Infrastructure - 0.0%@** | **Transportation Infrastructure - 0.0%@** |
| 429 | Sky Harbour Group Corp., Class A Shares\* | 4419 |
|  | **TOTAL INDUSTRIALS** | **121170214** |
|  **INFORMATION TECHNOLOGY - 16.2%** | **INFORMATION TECHNOLOGY - 16.2%** | **INFORMATION TECHNOLOGY - 16.2%** |
|  **Communications Equipment - 2.1%** | **Communications Equipment - 2.1%** | **Communications Equipment - 2.1%** |
| 3184 | ADTRAN Holdings Inc.\* | 25568 |
| 2211 | Applied Optoelectronics Inc.\* | 34094 |
| 458 | Aviat Networks Inc.\* | 9824 |
| 17399 | Calix Inc.\* | 804530 |
| 44717 | Ciena Corp.\* | 3580043 |
| 426 | Clearfield Inc.\* | 15809 |
| 9445 | CommScope Holding Co., Inc.\* | 57048 |
| 1584 | Digi International Inc.\* | 51337 |
| 5511 | Extreme Networks Inc.\* | 86357 |
| 7500 | F5 Inc.\* | 2140350 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** |
|  **Communications Equipment - 2.1% - (continued)** | **Communications Equipment - 2.1% - (continued)** | **Communications Equipment - 2.1% - (continued)** |
| 16002 | Harmonic Inc.\* | $144338 |
| 14228 | Juniper Networks Inc. | 511212 |
| 20921 | Lumentum Holdings Inc.\* | 1512170 |
| 1371 | NETGEAR Inc.\* | 40211 |
| 2911 | NetScout Systems Inc.\* | 66487 |
| 359414 | Ribbon Communications Inc.\* | 1214819 |
| 182 | Ubiquiti Inc. | 71943 |
| 133613 | ViaSat Inc.\* | 1166442 |
| 75684 | Viavi Solutions Inc.\* | 689481 |
|  | Total Communications Equipment | 12222063 |
|  **Electronic Equipment, Instruments & Components - 3.7%** | **Electronic Equipment, Instruments & Components - 3.7%** | **Electronic Equipment, Instruments & Components - 3.7%** |
| 1798 | 908 Devices Inc.\* | 10213 |
| 1609 | Advanced Energy Industries Inc. | 184681 |
| 794 | Aeva Technologies Inc.\* | 14506 |
| 4325 | Arlo Technologies Inc.\* | 61934 |
| 2343 | Arrow Electronics Inc.\* | 277364 |
| 25628 | Avnet Inc. | 1281656 |
| 11818 | Badger Meter Inc. | 2933464 |
| 83 | Bel Fuse Inc., Class A Shares | 5271 |
| 487 | Bel Fuse Inc., Class B Shares | 35941 |
| 9142 | Belden Inc. | 970880 |
| 1573 | Benchmark Electronics Inc. | 57446 |
| 7775 | Celestica Inc.\* | 897080 |
| 168 | Climb Global Solutions Inc. | 18509 |
| 7596 | Cognex Corp. | 227652 |
| 13729 | Coherent Corp.\* | 1038324 |
| 5123 | Crane NXT Co. | 274644 |
| 1303 | CTS Corp. | 53019 |
| 1966 | Daktronics Inc.\* | 29175 |
| 1102 | ePlus Inc.\* | 78650 |
| 4863 | Evolv Technologies Holdings Inc.\* | 26552 |
| 8631 | Fabrinet\* | 2009901 |
| 777 | FARO Technologies Inc.\* | 32922 |
| 1142 | Ingram Micro Holding Corp. | 21846 |
| 75808 | Innoviz Technologies Ltd.\* | 68985 |
| 1180 | Insight Enterprises Inc.\* | 153860 |
| 32748 | IPG Photonics Corp.\* | 2169883 |
| 10594 | Itron Inc.\* | 1224666 |
| 4733 | Jabil Inc. | 795191 |
| 875 | Kimball Electronics Inc.\* | 15838 |
| 3827 | Knowles Corp.\* | 62801 |
| 4849 | Lightwave Logic Inc.\* | 4752 |
| 1080 | Littelfuse Inc. | 221465 |
| 1435 | Methode Electronics Inc. | 11408 |
| 8847 | MicroVision Inc.\* | 9732 |
| 8871 | Mirion Technologies Inc., Class A Shares\* | 169436 |
| 1636 | Napco Security Technologies Inc. | 45644 |
| 33859 | nLight Inc.\* | 512287 |
| 1598 | Novanta Inc.\* | 197864 |
| 8721 | OSI Systems Inc.\* | 1910858 |
| 2302 | Ouster Inc.\* | 28154 |
| 1443 | PAR Technology Corp.\* | 94603 |
| 553 | PC Connection Inc. | 36166 |
| 1152 | Plexus Corp.\* | 151212 |
| 5191 | Powerfleet Inc.\* | 23619 |
| 409 | Richardson Electronics Ltd. | 3661 |
| 4328 | Rogers Corp.\* | 288115 |
| 2314 | Sanmina Corp.\* | 195973 |
| 954 | ScanSource Inc.\* | 38523 |
| 7000 | SmartRent Inc., Class A Shares\* | 5910 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** |
|  **Electronic Equipment, Instruments & Components - 3.7% - (continued)** | **Electronic Equipment, Instruments & Components - 3.7% - (continued)** | **Electronic Equipment, Instruments & Components - 3.7% - (continued)** |
| 14243 | TD SYNNEX Corp. | $1728246 |
| 1850 | Teledyne Technologies Inc.\* | 922891 |
| 4529 | TTM Technologies Inc.\* | 135236 |
| 5247 | Vishay Intertechnology Inc. | 73825 |
| 436 | Vishay Precision Group Inc.\* | 11214 |
| 6646 | Vontier Corp. | 237595 |
|  | Total Electronic Equipment, Instruments & Components | 22091243 |
|  **IT Services - 1.7%** | **IT Services - 1.7%** | **IT Services - 1.7%** |
| 4929 | Amdocs Ltd. | 452285 |
| 8600 | Applied Digital Corp.\*(a) | 58738 |
| 1900 | ASGN Inc.\* | 100339 |
| 1475 | Backblaze Inc., Class A Shares\* | 8407 |
| 3807 | BigBear.ai Holdings Inc.\* | 15837 |
| 2700 | BigCommerce Holdings Inc.\* | 13608 |
| 2015 | Couchbase Inc.\* | 36411 |
| 3091 | DigitalOcean Holdings Inc.\* | 87475 |
| 7901 | DXC Technology Co.\* | 120095 |
| 5564 | Fastly Inc., Class A Shares\* | 40506 |
| 1864 | Globant SA\* | 182840 |
| 2908 | Grid Dynamics Holdings Inc.\* | 36437 |
| 959 | Hackett Group Inc. (The) | 23515 |
| 1768 | Information Services Group Inc. | 8345 |
| 148618 | Kyndryl Holdings Inc.\* | 5802047 |
| 2984 | Rackspace Technology Inc.\* | 3402 |
| 342 | Tucows Inc., Class A Shares\* | 6635 |
| 122029 | Unisys Corp.\* | 582078 |
| 17560 | Wix.com Ltd.\* | 2615562 |
|  | Total IT Services | 10194562 |
|  **Semiconductors & Semiconductor Equipment - 2.9%** | **Semiconductors & Semiconductor Equipment - 2.9%** | **Semiconductors & Semiconductor Equipment - 2.9%** |
| 2256 | ACM Research Inc., Class A Shares\* | 50873 |
| 1161 | Aehr Test Systems\* | 11076 |
| 5289 | Allegro MicroSystems Inc.\* | 134076 |
| 889 | Alpha & Omega Semiconductor Ltd.\* | 18865 |
| 1812 | Ambarella Inc.\* | 95384 |
| 4762 | Amkor Technology Inc. | 85811 |
| 4844 | Astera Labs Inc.\* | 439448 |
| 1430 | Axcelis Technologies Inc.\* | 80566 |
| 18358 | CEVA Inc.\* | 344396 |
| 2363 | Cirrus Logic Inc.\* | 232425 |
| 1822 | Cohu Inc.\* | 31102 |
| 25123 | Credo Technology Group Holding Ltd.\* | 1531498 |
| 1958 | Diodes Inc.\* | 86935 |
| 1101 | Everspin Technologies Inc.\* | 6177 |
| 28038 | FormFactor Inc.\* | 836934 |
| 1236 | Ichor Holdings Ltd.\* | 19504 |
| 1031 | Impinj Inc.\* | 117627 |
| 135566 | indie Semiconductor Inc., Class A Shares\*(a) | 359250 |
| 2290 | Kulicke & Soffa Industries Inc. | 73623 |
| 5982 | Lattice Semiconductor Corp.\* | 268831 |
| 18185 | MACOM Technology Solutions Holdings Inc.\* | 2211478 |
| 3682 | MaxLinear Inc., Class A Shares\* | 41938 |
| 2947 | MKS Inc. | 242214 |
| 4723 | Navitas Semiconductor Corp., Class A Shares\*(a) | 24087 |
| 165 | NVE Corp. | 11741 |
| 10022 | Onto Innovation Inc.\* | 921423 |
| 1170 | PDF Solutions Inc.\* | 20709 |
| 2394 | Penguin Solutions Inc.\* | 42517 |
| 2695 | Photronics Inc.\* | 45033 |
| 2466 | Power Integrations Inc. | 122634 |
| 4107 | Qorvo Inc.\* | 312214 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** |
|  **Semiconductors & Semiconductor Equipment - 2.9% - (continued)** | **Semiconductors & Semiconductor Equipment - 2.9% - (continued)** | **Semiconductors & Semiconductor Equipment - 2.9% - (continued)** |
| 628 | QuickLogic Corp.\* | $3253 |
| 65021 | Rambus Inc.\* | 3476673 |
| 8161 | Rigetti Computing Inc.\*(a) | 98830 |
| 62241 | Semtech Corp.\* | 2323457 |
| 1483 | Silicon Laboratories Inc.\* | 178746 |
| 810 | SiTime Corp.\* | 158817 |
| 1020 | SkyWater Technology Inc.\* | 9221 |
| 1700 | Synaptics Inc.\* | 99892 |
| 2035 | Ultra Clean Holdings Inc.\* | 39418 |
| 2049 | Universal Display Corp. | 293724 |
| 84478 | Veeco Instruments Inc.\* | 1631270 |
| 6060 | Wolfspeed Inc.\*(a) | 7211 |
|  | Total Semiconductors & Semiconductor Equipment | 17140901 |
|  **Software - 5.5%** | **Software - 5.5%** | **Software - 5.5%** |
| 4737 | 8x8 Inc.\* | 7769 |
| 3026 | A10 Networks Inc. | 52229 |
| 28816 | ACI Worldwide Inc.\* | 1333028 |
| 78125 | Adeia Inc. | 1003125 |
| 938 | Agilysys Inc.\* | 99344 |
| 2252 | Alarm.com Holdings Inc.\* | 129265 |
| 2763 | Alkami Technology Inc.\* | 79132 |
| 3725 | Amplitude Inc., Class A Shares\* | 46153 |
| 1008 | Appfolio Inc., Class A Shares\* | 212859 |
| 1783 | Appian Corp., Class A Shares\* | 56165 |
| 996 | Arteris Inc.\* | 7739 |
| 3638 | Asana Inc., Class A Shares\* | 65157 |
| 270 | AudioEye Inc.\* | 3299 |
| 42026 | Aurora Innovation Inc., Class A Shares\*(a) | 254678 |
| 5581 | AvePoint Inc.\* | 104086 |
| 6217 | Bentley Systems Inc., Class B Shares | 296737 |
| 4505 | BILL Holdings Inc.\* | 196778 |
| 4799 | Bit Digital Inc.\* | 11326 |
| 1758 | Blackbaud Inc.\* | 109400 |
| 2499 | BlackLine Inc.\* | 139769 |
| 10436 | Blend Labs Inc., Class A Shares\* | 38196 |
| 22910 | Box Inc., Class A Shares\* | 866456 |
| 49896 | Braze Inc., Class A Shares\* | 1836173 |
| 5036 | C3.ai Inc., Class A Shares\* | 133907 |
| 21541 | CCC Intelligent Solutions Holdings Inc.\* | 189130 |
| 2375 | Cerence Inc.\* | 20211 |
| 7731 | Cipher Mining Inc.\* | 24121 |
| 11741 | Cleanspark Inc.\* | 101325 |
| 3996 | Clear Secure Inc., Class A Shares | 98901 |
| 8751 | Clearwater Analytics Holdings Inc., Class A Shares\* | 202148 |
| 128974 | Cognyte Software Ltd.\* | 1406461 |
| 10711 | Commvault Systems Inc.\* | 1961720 |
| 11000 | Confluent Inc., Class A Shares\* | 253330 |
| 750 | Consensus Cloud Solutions Inc.\* | 16478 |
| 7700 | Core Scientific Inc.\* | 82005 |
| 934 | CS Disco Inc.\* | 3680 |
| 72 | Daily Journal Corp.\* | 30343 |
| 621 | Digimarc Corp.\* | 8123 |
| 3618 | Digital Turbine Inc.\* | 17077 |
| 2624 | Dolby Laboratories Inc., Class A Shares | 194858 |
| 1305 | Domo Inc., Class B Shares\* | 16574 |
| 9904 | Dropbox Inc., Class A Shares\* | 285829 |
| 7885 | D-Wave Quantum Inc.\* | 128762 |
| 62677 | Dynatrace Inc.\* | 3385185 |
| 7331 | E2open Parent Holdings Inc.\* | 23533 |
| 816 | eGain Corp.\* | 4398 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** |
|  **Software - 5.5% - (continued)** | **Software - 5.5% - (continued)** | **Software - 5.5% - (continued)** |
| 3839 | Elastic NV\* | $310460 |
| 901 | EverCommerce Inc.\* | 9019 |
| 3156 | Five9 Inc.\* | 83666 |
| 9268 | Freshworks Inc., Class A Shares\* | 141522 |
| 58832 | Gen Digital Inc. | 1675535 |
| 5582 | Gitlab Inc., Class A Shares\* | 254037 |
| 3600 | Guidewire Software Inc.\* | 774072 |
| 3424 | Hut 8 Corp.\* | 52284 |
| 825 | I3 Verticals Inc., Class A Shares\* | 20386 |
| 3449 | Informatica Inc., Class A Shares\* | 82810 |
| 2303 | Intapp Inc.\* | 126941 |
| 1121 | InterDigital Inc. | 243548 |
| 3703 | Jamf Holding Corp.\* | 38882 |
| 4119 | Kaltura Inc.\* | 8732 |
| 549 | Life360 Inc.\* | 34889 |
| 2822 | LiveRamp Holdings Inc.\* | 91941 |
| 2685 | Manhattan Associates Inc.\* | 506874 |
| 15062 | MARA Holdings Inc.\*(a) | 212675 |
| 1249 | Meridianlink Inc.\* | 20846 |
| 1693 | Mitek Systems Inc.\* | 15897 |
| 2661 | N-able Inc.\* | 20729 |
| 3657 | nCino Inc.\* | 96179 |
| 6704 | NCR Voyix Corp.\* | 74347 |
| 3378 | NextNav Inc.\* | 42394 |
| 7008 | Nice Ltd., ADR\* | 1162837 |
| 11062 | Nutanix Inc., Class A Shares\* | 848345 |
| 4835 | Olo Inc., Class A Shares\* | 42113 |
| 1099 | ON24 Inc.\* | 6253 |
| 40029 | OneSpan Inc. | 637662 |
| 898 | Ooma Inc.\* | 12258 |
| 1362 | Pagaya Technologies Ltd., Class A Shares\* | 22391 |
| 4303 | PagerDuty Inc.\* | 61361 |
| 1925 | Pegasystems Inc. | 188939 |
| 3901 | Porch Group Inc.\* | 35577 |
| 34580 | Procore Technologies Inc.\* | 2322739 |
| 1865 | Progress Software Corp. | 114809 |
| 2142 | PROS Holdings Inc.\* | 37678 |
| 2539 | Q2 Holdings Inc.\* | 222213 |
| 1637 | Qualys Inc.\* | 226806 |
| 24457 | Radware Ltd.\* | 570337 |
| 2706 | Rapid7 Inc.\* | 62103 |
| 591 | Red Violet Inc. | 28699 |
| 4614 | Rekor Systems Inc.\* | 5352 |
| 440 | ReposiTrak Inc. | 9601 |
| 1777 | Rimini Street Inc.\* | 5420 |
| 3501 | RingCentral Inc., Class A Shares\* | 90781 |
| 65299 | Riot Platforms Inc.\*(a) | 526963 |
| 1437 | Sapiens International Corp. NV | 41242 |
| 2088 | SEMrush Holdings Inc., Class A Shares\* | 20546 |
| 12523 | SentinelOne Inc., Class A Shares\* | 220530 |
| 14428 | SoundHound AI Inc., Class A Shares\*(a) | 145867 |
| 355 | SoundThinking Inc.\* | 5506 |
| 5526 | Sprinklr Inc., Class A Shares\* | 46639 |
| 2096 | Sprout Social Inc., Class A Shares\* | 45756 |
| 1654 | SPS Commerce Inc.\* | 232817 |
| 2026 | Telos Corp.\* | 5106 |
| 5117 | Tenable Holdings Inc.\* | 164870 |
| 4074 | Teradata Corp.\* | 89465 |
| 12483 | Terawulf Inc.\* | 44065 |
| 79086 | UiPath Inc., Class A Shares\* | 1052635 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** | **INFORMATION TECHNOLOGY - 16.2% - (continued)** |
|  **Software - 5.5% - (continued)** | **Software - 5.5% - (continued)** | **Software - 5.5% - (continued)** |
| 13553 | Unity Software Inc.\* | $353462 |
| 29423 | Varonis Systems Inc., Class B Shares\* | 1402889 |
| 32445 | Verint Systems Inc.\* | 569085 |
| 2439 | Vertex Inc., Class A Shares\* | 96511 |
| 609 | Viant Technology Inc., Class A Shares\* | 8398 |
| 1501 | Weave Communications Inc.\* | 14485 |
| 2734 | WM Technology Inc.\* | 2843 |
| 2189 | Workiva Inc., Class A Shares\* | 147298 |
| 60789 | Xperi Inc.\* | 473546 |
| 4069 | Yext Inc.\* | 27303 |
| 7963 | Zeta Global Holdings Corp., Class A Shares\* | 104634 |
|  | Total Software | 33032362 |
|  **Technology Hardware, Storage & Peripherals - 0.3%** | **Technology Hardware, Storage & Peripherals - 0.3%** | **Technology Hardware, Storage & Peripherals - 0.3%** |
| 1011 | CompoSecure Inc., Class A Shares\* | 13861 |
| 1757 | Corsair Gaming Inc.\* | 15444 |
| 236 | CPI Card Group Inc.\* | 5253 |
| 1149 | Diebold Nixdorf Inc.\* | 55347 |
| 3641 | Eastman Kodak Co.\* | 20681 |
| 1164 | Immersion Corp. | 8753 |
| 29113 | IonQ Inc.\*(a) | 1174419 |
| 13453 | Pure Storage Inc., Class A Shares\* | 720946 |
| 747 | Turtle Beach Corp.\* | 8576 |
| 5815 | Xerox Holdings Corp. | 28435 |
|  | Total Technology Hardware, Storage & Peripherals | 2051715 |
|  | **TOTAL INFORMATION TECHNOLOGY** | **96732846** |
|  **MATERIALS - 4.0%** | **MATERIALS - 4.0%** | **MATERIALS - 4.0%** |
|  **Chemicals - 1.8%** | **Chemicals - 1.8%** | **Chemicals - 1.8%** |
| 969 | AdvanSix Inc. | 22781 |
| 1145 | American Vanguard Corp. | 5633 |
| 1211 | Arq Inc.\* | 5982 |
| 2016 | Ashland Inc. | 99812 |
| 2111 | ASP Isotopes Inc.\* | 15959 |
| 2841 | Aspen Aerogels Inc.\* | 16364 |
| 86047 | Avient Corp. | 3108878 |
| 63240 | Axalta Coating Systems Ltd.\* | 1947792 |
| 1412 | Balchem Corp. | 235380 |
| 2315 | Cabot Corp. | 172907 |
| 6448 | Chemours Co. (The) | 65318 |
| 310 | Core Molding Technologies Inc.\* | 5168 |
| 4544 | Ecovyst Inc.\* | 33853 |
| 9984 | Element Solutions Inc. | 213458 |
| 5632 | FMC Corp. | 228434 |
| 855 | Hawkins Inc. | 114134 |
| 2346 | HB Fuller Co. | 130954 |
| 6991 | Huntsman Corp. | 77880 |
| 1588 | Ingevity Corp.\* | 65696 |
| 1121 | Innospec Inc. | 95375 |
| 416 | Intrepid Potash Inc.\* | 15708 |
| 761 | Koppers Holdings Inc. | 23378 |
| 772 | Kronos Worldwide Inc. | 4887 |
| 1941 | LSB Industries Inc.\* | 14693 |
| 2095 | Mativ Holdings Inc. | 11983 |
| 1336 | Minerals Technologies Inc. | 75858 |
| 14035 | Mosaic Co. (The) | 507225 |
| 303 | NewMarket Corp. | 195150 |
| 411 | Northern Technologies International Corp. | 2972 |
| 5244 | Olin Corp. | 101786 |
| 2147 | Orion SA | 23381 |
| 5779 | Perimeter Solutions Inc.\* | 69753 |
| 5882 | PureCycle Technologies Inc.\*(a) | 55938 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **MATERIALS - 4.0% - (continued)** | **MATERIALS - 4.0% - (continued)** | **MATERIALS - 4.0% - (continued)** |
|  **Chemicals - 1.8% - (continued)** | **Chemicals - 1.8% - (continued)** | **Chemicals - 1.8% - (continued)** |
| 652 | Quaker Chemical Corp. | $70703 |
| 2465 | Rayonier Advanced Materials Inc.\* | 9490 |
| 20185 | RPM International Inc. | 2297860 |
| 1829 | Scotts Miracle-Gro Co. (The) | 108935 |
| 1814 | Sensient Technologies Corp. | 171478 |
| 940 | Stepan Co. | 51033 |
| 4487 | Tronox Holdings PLC | 25486 |
| 465 | Valhi Inc. | 6770 |
|  | Total Chemicals | 10506225 |
|  **Construction Materials - 0.1%** | **Construction Materials - 0.1%** | **Construction Materials - 0.1%** |
| 1460 | Eagle Materials Inc. | 295227 |
| 2501 | Knife River Corp.\* | 235344 |
| 164 | Smith-Midland Corp.\* | 4943 |
| 472 | United States Lime & Minerals Inc. | 48512 |
|  | Total Construction Materials | 584026 |
|  **Containers & Packaging - 1.3%** | **Containers & Packaging - 1.3%** | **Containers & Packaging - 1.3%** |
| 2886 | AptarGroup Inc. | 457142 |
| 5350 | Ardagh Metal Packaging SA | 20865 |
| 14113 | Avery Dennison Corp. | 2508303 |
| 5198 | Crown Holdings Inc. | 512003 |
| 81536 | Graphic Packaging Holding Co. | 1811730 |
| 1247 | Greif Inc., Class A Shares | 69333 |
| 197 | Greif Inc., Class B Shares | 11869 |
| 1358 | Myers Industries Inc. | 17233 |
| 6679 | O-I Glass Inc.\* | 87562 |
| 3931 | Packaging Corp. of America | 759351 |
| 1818 | Ranpak Holdings Corp., Class A Shares\* | 6054 |
| 6183 | Sealed Air Corp. | 199093 |
| 3741 | Silgan Holdings Inc. | 206017 |
| 22812 | Smurfit WestRock PLC | 988444 |
| 4377 | Sonoco Products Co. | 199329 |
| 1759 | TriMas Corp. | 46385 |
|  | Total Containers & Packaging | 7900713 |
|  **Metals & Mining - 0.8%** | **Metals & Mining - 0.8%** | **Metals & Mining - 0.8%** |
| 10867 | Alcoa Corp. | 290910 |
| 473 | Alpha Metallurgical Resources Inc.\* | 52995 |
| 681 | Caledonia Mining Corp. PLC | 11645 |
| 2102 | Carpenter Technology Corp. | 493970 |
| 2422 | Century Aluminum Co.\* | 37517 |
| 114939 | Cleveland-Cliffs Inc.\* | 670094 |
| 27643 | Coeur Mining Inc.\* | 223356 |
| 4987 | Commercial Metals Co. | 232344 |
| 1691 | Compass Minerals International Inc.\* | 32484 |
| 5724 | Constellium SE, Class A Shares\* | 69489 |
| 491 | Contango ORE Inc.\* | 9535 |
| 4909 | Critical Metals Corp.\* | 6774 |
| 2810 | Dakota Gold Corp.\* | 8599 |
| 26766 | Hecla Mining Co. | 137577 |
| 12546 | i-80 Gold Corp.\* | 6312 |
| 3026 | Ivanhoe Electric Inc.\* | 22241 |
| 730 | Kaiser Aluminum Corp. | 52991 |
| 1234 | Lifezone Metals Ltd.\* | 4924 |
| 2112 | MAC Copper Ltd.\* | 25682 |
| 886 | Materion Corp. | 68603 |
| 1617 | Metallus Inc.\* | 20423 |
| 5637 | MP Materials Corp.\* | 122830 |
| 11172 | Novagold Resources Inc.\* | 39996 |
| 372 | Olympic Steel Inc. | 11030 |
| 2098 | Perpetua Resources Corp.\* | 29183 |
| 611 | Piedmont Lithium Inc.\* | 3776 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **MATERIALS - 4.0% - (continued)** | **MATERIALS - 4.0% - (continued)** | **MATERIALS - 4.0% - (continued)** |
|  **Metals & Mining - 0.8% - (continued)** | **Metals & Mining - 0.8% - (continued)** | **Metals & Mining - 0.8% - (continued)** |
| 1154 | Radius Recycling Inc. | $34170 |
| 945 | Ramaco Resources Inc., Class A Shares | 8543 |
| 471 | Ramaco Resources Inc., Class B Shares | 3509 |
| 2375 | Reliance Inc. | 695448 |
| 2887 | Royal Gold Inc. | 514233 |
| 1136 | Ryerson Holding Corp. | 23583 |
| 8658 | SSR Mining Inc.\* | 102424 |
| 3909 | SunCoke Energy Inc. | 31819 |
| 1116 | Tredegar Corp.\* | 9352 |
| 9832 | United States Steel Corp. | 529158 |
| 2325 | Warrior Met Coal Inc. | 105671 |
| 1528 | Worthington Steel Inc. | 38047 |
|  | Total Metals & Mining | 4781237 |
|  **Paper & Forest Products - 0.0%@** | **Paper & Forest Products - 0.0%@** | **Paper & Forest Products - 0.0%@** |
| 630 | Clearwater Paper Corp.\* | 18138 |
| 2763 | Louisiana-Pacific Corp. | 248863 |
| 1860 | Resolute Forest Products Inc.\*(f) | 1990 |
| 1532 | Sylvamo Corp. | 81150 |
|  | Total Paper & Forest Products | 350141 |
|  | **TOTAL MATERIALS** | **24122342** |
|  **REAL ESTATE - 4.7%** | **REAL ESTATE - 4.7%** | **REAL ESTATE - 4.7%** |
|  **Diversified REITs - 0.2%** | **Diversified REITs - 0.2%** | **Diversified REITs - 0.2%** |
| 3143 | Alexander & Baldwin Inc. | 56291 |
| 375 | Alpine Income Property Trust Inc. | 5745 |
| 1885 | American Assets Trust Inc. | 37587 |
| 2878 | Armada Hoffler Properties Inc. | 20031 |
| 48151 | Broadstone Net Lease Inc., Class A Shares | 766083 |
| 1352 | CTO Realty Growth Inc. | 24904 |
| 7704 | Essential Properties Realty Trust Inc. | 250380 |
| 2000 | Gladstone Commercial Corp. | 28700 |
| 8279 | Global Net Lease Inc. | 64245 |
| 1064 | NexPoint Diversified Real Estate Trust | 4426 |
| 640 | One Liberty Properties Inc. | 15667 |
|  | Total Diversified REITs | 1274059 |
|  **Health Care REITs - 0.5%** | **Health Care REITs - 0.5%** | **Health Care REITs - 0.5%** |
| 47080 | American Healthcare REIT Inc. | 1644975 |
| 8207 | CareTrust REIT Inc. | 236033 |
| 1317 | Community Healthcare Trust Inc. | 21520 |
| 11541 | Diversified Healthcare Trust | 36123 |
| 2614 | Global Medical REIT Inc. | 16625 |
| 15502 | Healthcare Realty Trust Inc., Class A Shares | 224779 |
| 1871 | LTC Properties Inc. | 66215 |
| 27176 | Medical Properties Trust Inc.(a) | 124194 |
| 1902 | National Health Investors Inc. | 137914 |
| 11952 | Omega Healthcare Investors Inc. | 442224 |
| 10682 | Sabra Health Care REIT Inc. | 186721 |
| 587 | Strawberry Fields REIT Inc. | 5988 |
| 455 | Universal Health Realty Income Trust | 18068 |
|  | Total Health Care REITs | 3161379 |
|  **Hotel & Resort REITs - 0.3%** | **Hotel & Resort REITs - 0.3%** | **Hotel & Resort REITs - 0.3%** |
| 9845 | Apple Hospitality REIT Inc. | 114103 |
| 3087 | Braemar Hotels & Resorts Inc. | 7038 |
| 1734 | Chatham Lodging Trust | 12363 |
| 8879 | DiamondRock Hospitality Co. | 67836 |
| 31143 | Host Hotels & Resorts Inc. | 482405 |
| 9186 | Park Hotels & Resorts Inc. | 95167 |
| 5255 | Pebblebrook Hotel Trust | 48241 |
| 7029 | RLJ Lodging Trust | 51312 |
| 11288 | Ryman Hospitality Properties Inc. | 1096178 |
| 6311 | Service Properties Trust | 14641 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **REAL ESTATE - 4.7% - (continued)** | **REAL ESTATE - 4.7% - (continued)** | **REAL ESTATE - 4.7% - (continued)** |
|  **Hotel & Resort REITs - 0.3% - (continued)** | **Hotel & Resort REITs - 0.3% - (continued)** | **Hotel & Resort REITs - 0.3% - (continued)** |
| 4049 | Summit Hotel Properties Inc. | $17735 |
| 8558 | Sunstone Hotel Investors Inc. | 76680 |
| 4755 | Xenia Hotels & Resorts Inc. | 58154 |
|  | Total Hotel & Resort REITs | 2141853 |
|  **Industrial REITs - 0.7%** | **Industrial REITs - 0.7%** | **Industrial REITs - 0.7%** |
| 12607 | Americold Realty Trust Inc. | 208898 |
| 2144 | EastGroup Properties Inc. | 363515 |
| 25932 | First Industrial Realty Trust Inc. | 1281819 |
| 2292 | Industrial Logistics Properties Trust | 7541 |
| 1194 | Innovative Industrial Properties Inc., Class A Shares | 65933 |
| 12606 | LXP Industrial Trust | 108159 |
| 2302 | Plymouth Industrial REIT Inc. | 37292 |
| 9676 | Rexford Industrial Realty Inc. | 340982 |
| 42377 | STAG Industrial Inc. | 1507774 |
| 4307 | Terreno Realty Corp. | 243001 |
|  | Total Industrial REITs | 4164914 |
|  **Office REITs - 0.6%** | **Office REITs - 0.6%** | **Office REITs - 0.6%** |
| 8393 | Brandywine Realty Trust | 35502 |
| 6958 | BXP Inc. | 468482 |
| 1288 | City Office REIT Inc. | 6285 |
| 59102 | COPT Defense Properties | 1622350 |
| 7226 | Cousins Properties Inc. | 202834 |
| 5637 | Douglas Emmett Inc. | 80214 |
| 1701 | Easterly Government Properties Inc., Class A Shares | 36963 |
| 5830 | Empire State Realty Trust Inc., Class A Shares | 44658 |
| 4278 | Franklin Street Properties Corp. | 7786 |
| 4691 | Highwoods Properties Inc. | 139323 |
| 5116 | Hudson Pacific Properties Inc. | 9516 |
| 3529 | JBG SMITH Properties | 60346 |
| 5084 | Kilroy Realty Corp. | 163705 |
| 540 | NET Lease Office Properties\* | 16853 |
| 2327 | Orion Properties Inc. | 4445 |
| 8235 | Paramount Group Inc. | 49822 |
| 1310 | Peakstone Realty Trust | 16231 |
| 4787 | Piedmont Office Realty Trust Inc., Class A Shares | 34083 |
| 905 | Postal Realty Trust Inc., Class A Shares | 12525 |
| 3090 | SL Green Realty Corp. | 175419 |
| 7866 | Vornado Realty Trust | 296312 |
|  | Total Office REITs | 3483654 |
|  **Real Estate Management & Development - 0.6%** | **Real Estate Management & Development - 0.6%** | **Real Estate Management & Development - 0.6%** |
| 3619 | Anywhere Real Estate Inc.\* | 12630 |
| 15902 | Compass Inc., Class A Shares\* | 93981 |
| 5997 | Cushman & Wakefield PLC\* | 60150 |
| 3891 | eXp World Holdings Inc. | 33151 |
| 669 | Forestar Group Inc.\* | 12811 |
| 506 | FRP Holdings Inc.\* | 13723 |
| 1303 | Howard Hughes Holdings Inc.\* | 89008 |
| 9425 | Jones Lang LaSalle Inc.\* | 2098948 |
| 4265 | Kennedy-Wilson Holdings Inc. | 27168 |
| 896 | Marcus & Millichap Inc. | 25814 |
| 426 | Maui Land & Pineapple Co., Inc.\* | 6765 |
| 5814 | Newmark Group Inc., Class A Shares | 64012 |
| 30761 | Opendoor Technologies Inc.\* | 20062 |
| 623 | RE/MAX Holdings Inc., Class A Shares\* | 4704 |
| 5460 | Real Brokerage Inc. (The)\* | 22495 |
| 5344 | Redfin Corp.\*(a) | 53387 |
| 604 | RMR Group Inc. (The), Class A Shares | 9120 |
| 249 | Seaport Entertainment Group Inc.\* | 4865 |
| 1573 | St Joe Co. (The) | 70329 |
| 1614 | Star Holdings\* | 10217 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **REAL ESTATE - 4.7% - (continued)** | **REAL ESTATE - 4.7% - (continued)** | **REAL ESTATE - 4.7% - (continued)** |
|  **Real Estate Management & Development - 0.6% - (continued)** | **Real Estate Management & Development - 0.6% - (continued)** | **Real Estate Management & Development - 0.6% - (continued)** |
| 298 | Stratus Properties Inc.\* | $5409 |
| 758 | Tejon Ranch Co.\* | 12651 |
| 2066 | Zillow Group Inc., Class A Shares\* | 136707 |
| 6876 | Zillow Group Inc., Class C Shares\* | 461448 |
|  | Total Real Estate Management & Development | 3349555 |
|  **Residential REITs - 0.6%** | **Residential REITs - 0.6%** | **Residential REITs - 0.6%** |
| 14908 | American Homes 4 Rent, Class A Shares | 564268 |
| 5752 | Apartment Investment & Management Co., Class A Shares | 45901 |
| 474 | BRT Apartments Corp. | 7470 |
| 4587 | Camden Property Trust | 538927 |
| 799 | Centerspace | 50936 |
| 3718 | Elme Communities | 59711 |
| 8244 | Equity LifeStyle Properties Inc. | 524071 |
| 90912 | Independence Realty Trust Inc. | 1690054 |
| 1018 | NexPoint Residential Trust Inc. | 34612 |
| 3059 | UMH Properties Inc. | 51361 |
| 3271 | Veris Residential Inc. | 49719 |
|  | Total Residential REITs | 3617030 |
|  **Retail REITs - 0.7%** | **Retail REITs - 0.7%** | **Retail REITs - 0.7%** |
| 5268 | Acadia Realty Trust | 101462 |
| 4503 | Agree Realty Corp.(a) | 339076 |
| 89 | Alexander's Inc. | 20042 |
| 13364 | Brixmor Property Group Inc. | 339579 |
| 1274 | CBL & Associates Properties Inc. | 32117 |
| 4222 | Curbline Properties Corp. | 95797 |
| 3729 | Federal Realty Investment Trust | 356045 |
| 558 | FrontView REIT Inc. | 6423 |
| 2128 | Getty Realty Corp. | 62265 |
| 3385 | InvenTrust Properties Corp. | 95085 |
| 29037 | Kimco Realty Corp. | 617327 |
| 9676 | Kite Realty Group Trust | 214033 |
| 10792 | Macerich Co. (The) | 174615 |
| 3695 | NETSTREIT Corp. | 59489 |
| 8221 | NNN REIT Inc. | 343309 |
| 5242 | Phillips Edison & Co., Inc. | 185881 |
| 8045 | Regency Centers Corp. | 580447 |
| 421 | Saul Centers Inc. | 14179 |
| 2400 | SITE Centers Corp. | 28608 |
| 4651 | Tanger Inc. | 138600 |
| 5778 | Urban Edge Properties | 104928 |
| 2581 | Whitestone REIT, Class B Shares | 31798 |
|  | Total Retail REITs | 3941105 |
|  **Specialized REITs - 0.5%** | **Specialized REITs - 0.5%** | **Specialized REITs - 0.5%** |
| 26255 | CubeSmart | 1122664 |
| 3283 | EPR Properties | 182830 |
| 1538 | Farmland Partners Inc. | 17410 |
| 4323 | Four Corners Property Trust Inc. | 119358 |
| 11636 | Gaming and Leisure Properties Inc. | 543401 |
| 1177 | Gladstone Land Corp. | 11635 |
| 3864 | Lamar Advertising Co., Class A Shares | 465767 |
| 3059 | National Storage Affiliates Trust | 105230 |
| 6912 | Outfront Media Inc. | 114186 |
| 3429 | PotlatchDeltic Corp. | 134897 |
| 6703 | Rayonier Inc. | 158861 |
| 2440 | Safehold Inc. | 36771 |
| 10448 | Uniti Group Inc. | 44926 |
|  | Total Specialized REITs | 3057936 |
|  | **TOTAL REAL ESTATE** | **28191485** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **UTILITIES - 4.0%** | **UTILITIES - 4.0%** | **UTILITIES - 4.0%** |
|  **Electric Utilities - 1.7%** | **Electric Utilities - 1.7%** | **Electric Utilities - 1.7%** |
| 18100 | ALLETE Inc. | $1177224 |
| 571 | Genie Energy Ltd., Class B Shares | 12071 |
| 7866 | Hawaiian Electric Industries Inc.\* | 84009 |
| 17844 | IDACORP Inc. | 2122544 |
| 1577 | MGE Energy Inc. | 142435 |
| 8918 | NRG Energy Inc. | 1390316 |
| 8877 | OGE Energy Corp. | 394760 |
| 1764 | Otter Tail Corp. | 136145 |
| 5026 | Pinnacle West Capital Corp. | 458522 |
| 36298 | Portland General Electric Co. | 1539035 |
| 43211 | TXNM Energy Inc. | 2449632 |
|  | Total Electric Utilities | 9906693 |
|  **Gas Utilities - 1.0%** | **Gas Utilities - 1.0%** | **Gas Utilities - 1.0%** |
| 11354 | Atmos Energy Corp. | 1756237 |
| 5308 | Brookfield Infrastructure Corp., Class A Shares | 210038 |
| 959 | Chesapeake Utilities Corp. | 117180 |
| 9097 | MDU Resources Group Inc. | 156377 |
| 3950 | National Fuel Gas Co. | 326033 |
| 35898 | New Jersey Resources Corp. | 1647359 |
| 1760 | Northwest Natural Holding Co. | 72107 |
| 12716 | ONE Gas Inc. | 950648 |
| 281 | RGC Resources Inc. | 5775 |
| 2661 | Southwest Gas Holdings Inc. | 191140 |
| 2556 | Spire Inc. | 192416 |
| 9555 | UGI Corp. | 344553 |
|  | Total Gas Utilities | 5969863 |
|  **Independent Power & Renewable Electricity Producers - 0.7%** | **Independent Power & Renewable Electricity Producers - 0.7%** | **Independent Power & Renewable Electricity Producers - 0.7%** |
| 5931 | Brookfield Renewable Corp. | 174312 |
| 1696 | Clearway Energy Inc., Class A Shares | 48929 |
| 3609 | Clearway Energy Inc., Class C Shares | 111049 |
| 2632 | Montauk Renewables Inc.\* | 4843 |
| 37997 | Ormat Technologies Inc. | 2824317 |
| 25575 | Sunnova Energy International Inc.\* | 5560 |
| 7870 | Vistra Corp. | 1263686 |
|  | Total Independent Power & Renewable Electricity Producers | 4432696 |
|  **Multi-Utilities - 0.5%** | **Multi-Utilities - 0.5%** | **Multi-Utilities - 0.5%** |
| 3376 | Avista Corp. | 130010 |
| 3197 | Black Hills Corp. | 186928 |
| 20893 | NiSource Inc. | 826109 |
| 29524 | Northwestern Energy Group Inc. | 1633563 |
| 701 | Unitil Corp. | 38436 |
|  | Total Multi-Utilities | 2815046 |
|  **Water Utilities - 0.1%** | **Water Utilities - 0.1%** | **Water Utilities - 0.1%** |
| 1650 | American States Water Co. | 130136 |
| 1459 | Cadiz Inc.\* | 4297 |
| 2592 | California Water Service Group | 122472 |
| 513 | Consolidated Water Co., Ltd. | 13866 |
| 10995 | Essential Utilities Inc. | 423637 |
| 397 | Global Water Resources Inc. | 4030 |
| 1464 | H2O America | 76831 |
| 732 | Middlesex Water Co. | 42419 |
| 734 | Pure Cycle Corp.\* | 7795 |
| 643 | York Water Co. (The) | 21000 |
|  | Total Water Utilities | 846483 |
|  | **TOTAL UTILITIES** | **23970781** |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $483,305,170) | **580504319** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
| **WARRANT - 0.0%@** | **WARRANT - 0.0%@** | **WARRANT - 0.0%@** |
| **HEALTH CARE - 0.0%@** | **HEALTH CARE - 0.0%@** | **HEALTH CARE - 0.0%@** |
| **Health Care Equipment & Supplies - 0.0%@** | **Health Care Equipment & Supplies - 0.0%@** | **Health Care Equipment & Supplies - 0.0%@** |
| 107 | Pulse Biosciences Inc., expires 6/27/29\*(b)(f) (Cost - $0) | $**338** |
|  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $483,305,170) | **580504657** |
| **Face**<br> **Amount†** |  |  |
| **SHORT-TERM INVESTMENTS(d) - 3.8%** | **SHORT-TERM INVESTMENTS(d) - 3.8%** | **SHORT-TERM INVESTMENTS(d) - 3.8%** |
| **MONEY MARKET FUND - 1.0%** | **MONEY MARKET FUND - 1.0%** | **MONEY MARKET FUND - 1.0%** |
| $6093217 | Invesco STIT - Government & Agency Portfolio, Institutional Class, 4.174%(e) |  |
|  | (Cost - $6,093,217) | **6093217** |
| **TIME DEPOSITS - 2.8%** | **TIME DEPOSITS - 2.8%** | **TIME DEPOSITS - 2.8%** |
| 9413870 | Citibank - New York, 3.680% due 6/2/25 | 9413870 |
| 1747036 | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 1747036 |
| 29629 <sup>CAD</sup> | Royal Bank of Canada - Toronto, 1.570% due 6/2/25 | 21590 |
| 64 | Skandinaviska Enskilda Banken AB - Stockholm, 3.680% due 6/2/25 | 64 |
| 5350976 | Sumitomo Mitsui Banking Corp. - Tokyo, 3.680% due 6/2/25 | 5350976 |
|  | **TOTAL TIME DEPOSITS**<br> (Cost - $16,533,536) | **16533536** |
|  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $22,626,753) | **22626753** |
|  | **TOTAL INVESTMENTS - 101.2%**<br> (Cost - $505,931,923) | **603131410** |
|  | Liabilities in Excess of Other Assets - (1.2)% | (7237317) |
|  | **TOTAL NET ASSETS - 100.0%** | $**595894093** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

\* Non-income producing security.

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) All or a portion of this security is on loan (See Note 1).

(b) Illiquid security.

(c) The aggregate value of restricted securities (excluding 144A holdings) at May 31, 2025, amounts to $0 and
represents 0.0% of net assets.

(d) Inclusive of all short-term holdings, including investments of collateral received from securities lending
transactions. Excluding such collateral, the percentage of portfolio holdings would be 2.8%.

(e) Represents investments of collateral received from securities lending transactions.

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

# Security that used significant unobservable inputs to determine fair value. At May 31, 2025, the Fund held a Level 3 securities with a value of $0, representing 0.0% of net assets. 

At May 31, 2025, for Morgan Stanley Pathway Small-Mid Cap Equity ETF the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income <br>Tax Purposes** | **Gross <br>Unrealized <br>Appreciation** | **Gross <br>Unrealized <br>(Depreciation)** | **Net <br>Unrealized <br>Appreciation** |
|  Morgan Stanley Pathway Small-Mid Cap Equity ETF | $505931923 | $144649570 | $(47124987) | $97524583 |

---

---

| | |
|:---|:---|
| **Abbreviations used in this schedule:** | **Abbreviations used in this schedule:** |
|  <br> ADR | American Depositary Receipt |
|  PLC | Public Limited Company |
|  REIT | Real Estate Investment Trust |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

---

| | | |
|:---|:---|:---|
| **Summary of Investments by Security Sector^** | | |
|  Industrials | 20.3 | % |
|  Information Technology | 16.2 |  |
|  Financials | 15.0 |  |
|  Health Care | 12.8 |  |
|  Consumer Discretionary | 9.9 |  |
|  Real Estate | 4.7 |  |
|  Energy | 4.4 |  |
|  Materials | 4.0 |  |
|  Utilities | 4.0 |  |
|  Consumer Staples | 3.5 |  |
|  Communication Services | 2.4 |  |
|  Short-Term Investments | 2.8 |  |
|  Total Investments | 100.0 | %+ |

---

---

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

---

+ Does not reflect investments of collateral received from securities lending transactions.

------

**Schedules of Investments** 

(unaudited) (continued)

**Morgan Stanley Pathway Small-Mid Cap Equity ETF** 

At May 31, 2025, Morgan Stanley Pathway Small-Mid Cap Equity ETF had open exchange-traded futures contracts as described below.

The unrealized appreciation on the open contracts was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; E-mini Russell 2000 Index Futures | 25 | 6/25 | $2430679 | $2585375 | $154696 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P MidCap 400 E-mini Index Futures | 9 | 6/25 | 2533290 | 2703690 | 170400 |
|  |  |  |  |  | $325096 |

---

At May 31, 2025, Morgan Stanley Pathway Small-Mid Cap Equity ETF had deposited cash of $407,996 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

---

| | |
|:---|:---|
| **<u>Currency abbreviation used in this schedule:</u>** | **<u>Currency abbreviation used in this schedule:</u>** |
| CAD | Canadian Dollar |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **COMMON STOCKS - 96.6%** | **COMMON STOCKS - 96.6%** | **COMMON STOCKS - 96.6%** |
|  **Australia - 3.7%** | **Australia - 3.7%** | **Australia - 3.7%** |
| 45173 | AGL Energy Ltd. | $296960 |
| 408713 | AMP Ltd. | 327305 |
| 81014 | ANZ Group Holdings Ltd. | 1516250 |
| 36370 | APA Group | 195138 |
| 15553 | Aristocrat Leisure Ltd. | 625435 |
| 5131 | ASX Ltd. | 235802 |
| 50771 | Bendigo & Adelaide Bank Ltd. | 392018 |
| 137254 | BHP Group Ltd. | 3365745 |
| 11582 | BlueScope Steel Ltd. | 170821 |
| 38018 | Brambles Ltd. | 568246 |
| 10857 | CAR Group Ltd. | 248801 |
| 55829 | Champion Iron Ltd. | 155773 |
| 36169 | Charter Hall Group, REIT | 423530 |
| 11246 | Cochlear Ltd. | 1967927 |
| 36797 | Coles Group Ltd. | 512516 |
| 45577 | Commonwealth Bank of Australia | 5168383 |
| 13812 | Computershare Ltd. | 358008 |
| 27619 | CSL Ltd. | 4396737 |
| 55511 | Evolution Mining Ltd. | 316699 |
| 46751 | Fortescue Ltd. | 466565 |
| 54621 | Goodman Group, REIT | 1158567 |
| 62083 | Insurance Australia Group Ltd. | 345708 |
| 9580 | JB Hi-Fi Ltd. | 665637 |
| 62287 | Lottery Corp., Ltd. (The) | 204758 |
| 9842 | Macquarie Group Ltd. | 1358499 |
| 61525 | Magellan Financial Group Ltd. | 331850 |
| 76533 | Medibank Pvt Ltd. | 235500 |
| 82997 | National Australia Bank Ltd. | 2032620 |
| 36109 | Northern Star Resources Ltd. | 488008 |
| 30632 | Orica Ltd. | 372925 |
| 48445 | Origin Energy Ltd. | 337815 |
| 55522 | Paladin Energy Ltd.\* | 223238 |
| 1670 | Pro Medicus Ltd. | 303444 |
| 21938 | Qantas Airways Ltd. | 149994 |
| 40872 | QBE Insurance Group Ltd. | 609993 |
| 439338 | Ramelius Resources Ltd. | 815428 |
| 1392 | REA Group Ltd. | 215041 |
| 5940 | Reece Ltd. | 59944 |
| 23443 | Rio Tinto Ltd. | 1711683 |
| 38441 | Sandfire Resources Ltd.\* | 286029 |
| 86128 | Santos Ltd. | 364244 |
| 145555 | Scentre Group, REIT | 344296 |
| 5945 | SGH Ltd. | 194423 |
| 125283 | Sigma Healthcare Ltd.\* | 251983 |
| 11934 | Sonic Healthcare Ltd. | 205147 |
| 118822 | South32 Ltd. | 234028 |
| 60665 | Stockland, REIT | 213490 |
| 30254 | Suncorp Group Ltd. | 402269 |
| 19546 | Technology One Ltd. | 517186 |
| 106770 | Telstra Group Ltd. | 328985 |
| 84969 | Transurban Group | 777291 |
| 147609 | Ventia Services Group Pty Ltd. | 450003 |
| 108712 | Vicinity Ltd., REIT | 172882 |
| 5834 | Washington H Soul Pattinson & Co., Ltd. | 138496 |
| 31103 | Wesfarmers Ltd. | 1664262 |
| 92533 | Westpac Banking Corp. | 1941746 |
| 5570 | WiseTech Global Ltd. | 384568 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Australia - 3.7% - (continued)** | **Australia - 3.7% - (continued)** | **Australia - 3.7% - (continued)** |
| 50926 | Woodside Energy Group Ltd. | $728817 |
| 33583 | Woolworths Group Ltd. | 689647 |
|  | Total Australia | 43619103 |
|  **Austria - 0.3%** | **Austria - 0.3%** | **Austria - 0.3%** |
| 40453 | Erste Group Bank AG | 3257247 |
| 4144 | OMV AG | 221700 |
| 1904 | Verbund AG | 148666 |
|  | Total Austria | 3627613 |
|  **Belgium - 1.0%** | **Belgium - 1.0%** | **Belgium - 1.0%** |
| 3770 | Ageas SA/NV | 246030 |
| 95779 | Anheuser-Busch InBev SA/NV | 6758589 |
| 8278 | Colruyt Group NV | 371980 |
| 580 | D'ieteren Group | 119203 |
| 1307 | Elia Group SA/NV | 138467 |
| 2277 | Groupe Bruxelles Lambert NV | 186105 |
| 6368 | KBC Group NV | 631206 |
| 12 | Lotus Bakeries NV | 124168 |
| 403 | Sofina SA | 116974 |
| 22135 | Syensqo SA | 1697903 |
| 9630 | UCB SA | 1757512 |
|  | Total Belgium | 12148137 |
|  **Brazil - 0.0%@** | **Brazil - 0.0%@** | **Brazil - 0.0%@** |
| 33626 | NU Holdings Ltd., Class A Shares\* | 403848 |
|  **Canada - 2.3%** | **Canada - 2.3%** | **Canada - 2.3%** |
| 63135 | Alimentation Couche-Tard Inc. | 3273258 |
| 7228 | AtkinsRealis Group Inc. | 474019 |
| 85000 | Barrick Mining Corp. | 1630196 |
| 10152 | Boardwalk Real Estate Investment Trust, Class Trust Un Shares | 518345 |
| 5617 | Bombardier Inc., Class B Shares\* | 393090 |
| 14796 | Boralex Inc., Class A Shares | 340372 |
| 23700 | Canadian National Railway Co. | 2491319 |
| 79262 | Canadian Pacific Kansas City Ltd. | 6473915 |
| 12520 | Celestica Inc.\* | 1449833 |
| 64515 | Dundee Precious Metals Inc. | 994274 |
| 5388 | EQB Inc. | 371567 |
| 17513 | Finning International Inc. | 646489 |
| 6909 | Gildan Activewear Inc., Class A Shares | 321700 |
| 81777 | Headwater Exploration Inc. | 371835 |
| 19058 | IMAX Corp.\* | 530765 |
| 2493 | Kinaxis Inc.\* | 355017 |
| 9093 | Lundin Gold Inc. | 439361 |
| 13942 | MDA Space Ltd.\* | 288420 |
| 8943 | Methanex Corp. | 292593 |
| 21280 | Nutrien Ltd. | 1257247 |
| 37708 | NuVista Energy Ltd.\* | 379732 |
| 178036 | OceanaGold Corp. | 792655 |
| 33775 | Secure Waste Infrastructure Corp.(a) | 377042 |
| 18102 | Toronto-Dominion Bank (The) | 1250065 |
| 31612 | Vermilion Energy Inc. | 206393 |
| 68399 | Whitecap Resources Inc., Class Common S Shares(a) | 426637 |
|  | Total Canada | 26346139 |
|  **Chile - 0.1%** | **Chile - 0.1%** | **Chile - 0.1%** |
| 51982 | Antofagasta PLC | 1245527 |
|  **China - 0.4%** | **China - 0.4%** | **China - 0.4%** |
| 15100 | Contemporary Amperex Technology Co., Ltd., Class A Shares | 524256 |
| 24600 | Meituan, Class B Shares\*(b) | 425444 |
| 46600 | Tencent Holdings Ltd. | 2937361 |
| 39329 | Tencent Music Entertainment Group, ADR | 662300 |
| 67800 | Yangzijiang Shipbuilding Holdings Ltd. | 111481 |
|  | Total China | 4660842 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Denmark - 2.3%** | **Denmark - 2.3%** | **Denmark - 2.3%** |
| 46 | AP Moller - Maersk AS, Class A Shares | $82550 |
| 148 | AP Moller - Maersk AS, Class B Shares | 268937 |
| 2223 | Ascendis Pharma AS, ADR\* | 361993 |
| 14633 | Bavarian Nordic AS\* | 386575 |
| 2522 | Carlsberg AS, Class B Shares | 360848 |
| 29509 | Coloplast AS, Class B Shares | 2867816 |
| 19006 | Danske Bank AS | 729200 |
| 2123 | Demant AS\* | 83268 |
| 5617 | DSV AS | 1330151 |
| 432 | FLSmidth & Co. AS | 25072 |
| 1763 | Genmab AS\* | 369930 |
| 13187 | ISS AS | 354982 |
| 5263 | Jyske Bank AS, Class Registered Shares | 495504 |
| 6987 | Netcompany Group AS\*(b) | 323833 |
| 205617 | Novo Nordisk AS, Class B Shares | 14372673 |
| 9326 | Novonesis (Novozymes) B, Class B Shares | 656828 |
| 5017 | Orsted AS\*(b) | 205506 |
| 9210 | Pandora AS | 1683512 |
| 13441 | Rockwool AS, Class B Shares | 639736 |
| 8742 | Tryg AS | 224575 |
| 93905 | Vestas Wind Systems AS | 1486492 |
|  | Total Denmark | 27309981 |
|  **Finland - 0.8%** | **Finland - 0.8%** | **Finland - 0.8%** |
| 3767 | Elisa OYJ | 198916 |
| 12429 | Fortum OYJ | 214600 |
| 8088 | Kesko OYJ, Class B Shares | 195658 |
| 56321 | Kone OYJ, Class B Shares | 3508319 |
| 9619 | Konecranes OYJ | 753011 |
| 15730 | Metso OYJ | 190320 |
| 11769 | Neste OYJ | 126234 |
| 146947 | Nokia OYJ | 765911 |
| 85076 | Nordea Bank Abp | 1235266 |
| 10740 | Orion OYJ, Class B Shares | 729606 |
| 65327 | Sampo OYJ, Class A Shares | 697697 |
| 15740 | Stora Enso OYJ, Class R Shares | 159476 |
| 14072 | UPM-Kymmene OYJ | 390220 |
| 13097 | Wartsila OYJ Abp | 262699 |
|  | Total Finland | 9427933 |
|  **France - 11.6%** | **France - 11.6%** | **France - 11.6%** |
| 14885 | Accor SA | 790705 |
| 880 | Aeroports de Paris SA | 118054 |
| 34073 | Air Liquide SA | 7060191 |
| 24751 | Airbus SE | 4558727 |
| 435274 | Alstom SA\* | 9846628 |
| 1837 | Amundi SA(b) | 149967 |
| 7877 | Arkema SA | 563040 |
| 110729 | AXA SA | 5221219 |
| 1043 | BioMerieux | 139903 |
| 107630 | BNP Paribas SA | 9434186 |
| 18376 | Bollore SE | 116885 |
| 5183 | Bouygues SA | 226002 |
| 9050 | Bureau Veritas SA | 309835 |
| 25352 | Capgemini SE | 4212914 |
| 14321 | Carrefour SA(a) | 214061 |
| 63167 | Cie de Saint-Gobain SA | 7095685 |
| 18418 | Cie Generale des Etablissements Michelin SCA | 704693 |
| 1360 | Covivio SA, REIT | 81570 |
| 29331 | Credit Agricole SA | 536596 |
| 17641 | Danone SA | 1507164 |
| 516 | Dassault Aviation SA | 186902 |
| 88391 | Dassault Systemes SE | 3313813 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **France - 11.6% - (continued)** | **France - 11.6% - (continued)** | **France - 11.6% - (continued)** |
| 6543 | Edenred SE | $204635 |
| 7088 | Eiffage SA | 975110 |
| 23156 | Elis SA(a) | 630856 |
| 50187 | Engie SA | 1085622 |
| 13179 | EssilorLuxottica SA(c) | 3663794 |
| 1079 | Eurazeo SE | 75465 |
| 13745 | FDJ United(b) | 504835 |
| 1382 | Gecina SA, REIT | 152104 |
| 8470 | Getlink SE | 162101 |
| 1819 | Hermes International SCA | 5017244 |
| 3733 | Ipsen SA\* | 439687 |
| 47304 | Kering SA | 9317658 |
| 26379 | Klepierre SA, REIT | 1033402 |
| 22426 | Legrand SA | 2734825 |
| 15029 | L'Oréal SA | 6355643 |
| 13998 | LVMH Moët Hennessy Louis Vuitton SE | 7605941 |
| 51131 | Orange SA | 763812 |
| 5452 | Pernod Ricard SA | 564411 |
| 6320 | Publicis Groupe SA | 690983 |
| 16414 | Renault SA | 846184 |
| 5901 | Rexel SA | 165846 |
| 9759 | Safran SA | 2898874 |
| 91451 | Sanofi SA | 9036193 |
| 773 | Sartorius Stedim Biotech | 170386 |
| 30949 | Schneider Electric SE | 7756331 |
| 64295 | Societe Generale SA | 3496035 |
| 2351 | Sodexo SA | 162490 |
| 2531 | Sopra Steria Group\* | 545700 |
| 15434 | SPIE SA | 784490 |
| 15960 | Technip Energies NV | 604474 |
| 4331 | Teleperformance SE | 438152 |
| 2499 | Thales SA | 765816 |
| 99165 | TotalEnergies SE | 5828495 |
| 3339 | Unibail-Rodamco-Westfield, REIT | 316581 |
| 17658 | Vallourec SACA(a) | 299212 |
| 17490 | Veolia Environnement SA | 601619 |
| 13388 | Vinci SA | 1917960 |
| 735 | Virbac SACA | 278035 |
| 193157 | Worldline SA\*(a)(b) | 1147970 |
|  | Total France | 136427711 |
|  **Germany - 9.0%** | **Germany - 9.0%** | **Germany - 9.0%** |
| 13870 | adidas AG | 3457761 |
| 18068 | Allianz SE, Class Registered Shares | 7159412 |
| 24175 | BASF SE | 1164893 |
| 27196 | Bayer AG, Class Registered Shares | 764213 |
| 29101 | Bayerische Motoren Werke AG | 2582250 |
| 8011 | Bechtle AG | 349440 |
| 11641 | Beiersdorf AG | 1595279 |
| 3634 | Bilfinger SE | 321971 |
| 3379 | Brenntag SE | 228976 |
| 24196 | Commerzbank AG | 736322 |
| 2940 | Continental AG | 258047 |
| 4720 | Covestro AG\* | 324265 |
| 6953 | CTS Eventim AG & Co. KGaA | 843531 |
| 12845 | Daimler Truck Holding AG | 557623 |
| 5031 | Delivery Hero SE, Class A Shares\*(b) | 139374 |
| 150280 | Deutsche Bank AG, Class Registered Shares | 4161397 |
| 5176 | Deutsche Boerse AG | 1667000 |
| 17350 | Deutsche Lufthansa AG, Class Registered Shares | 138844 |
| 25871 | Deutsche Post AG | 1156983 |
| 195781 | Deutsche Telekom AG, Class Registered Shares | 7410344 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Germany - 9.0% - (continued)** | **Germany - 9.0% - (continued)** | **Germany - 9.0% - (continued)** |
| 162757 | E.ON SE | $2852890 |
| 19362 | Evonik Industries AG | 419332 |
| 16386 | Freenet AG | 541647 |
| 6216 | Fresenius Medical Care AG | 353250 |
| 11637 | Fresenius SE & Co. KGaA | 570709 |
| 4090 | GEA Group AG | 273447 |
| 1588 | Hannover Rueck SE | 501851 |
| 8500 | Heidelberg Materials AG | 1665781 |
| 3162 | Henkel AG & Co. KGaA | 232116 |
| 315815 | Infineon Technologies AG | 12295958 |
| 8149 | Jungheinrich AG, Class Preferred Shares\* | 327563 |
| 1890 | Knorr-Bremse AG | 191009 |
| 105646 | Lanxess AG | 3257966 |
| 1990 | LEG Immobilien SE(c) | 168816 |
| 19467 | Mercedes-Benz Group AG | 1162830 |
| 21986 | Merck KGaA | 2883862 |
| 1480 | MTU Aero Engines AG | 589586 |
| 3634 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Class Registered Shares | 2357529 |
| 1510 | Nemetschek SE | 209814 |
| 17383 | Nordex SE\* | 352786 |
| 137 | Rational AG | 112544 |
| 1214 | Rheinmetall AG | 2586096 |
| 16853 | RWE AG | 635177 |
| 69076 | SAP SE | 20868154 |
| 7796 | Scout24 SE(b) | 1061600 |
| 29335 | Siemens AG, Class Registered Shares | 7060482 |
| 18452 | Siemens Energy AG\* | 1793300 |
| 25053 | Siemens Healthineers AG(b) | 1326520 |
| 7148 | SUSS MicroTec SE | 310642 |
| 3695 | Symrise AG, Class A Shares | 440803 |
| 39299 | TAG Immobilien AG | 664159 |
| 1647 | Talanx AG | 213840 |
| 27201 | TeamViewer SE\*(b) | 317020 |
| 55627 | TUI AG\* | 464858 |
| 19811 | Vonovia SE(c) | 648661 |
| 18189 | Zalando SE\*(b) | 649566 |
|  | Total Germany | 105380089 |
|  **Hong Kong - 1.9%** | **Hong Kong - 1.9%** | **Hong Kong - 1.9%** |
| 737200 | AIA Group Ltd. | 6121152 |
| 317500 | BOC Hong Kong Holdings Ltd. | 1334660 |
| 52000 | CK Asset Holdings Ltd. | 214597 |
| 70000 | CK Hutchison Holdings Ltd. | 392631 |
| 15500 | CK Infrastructure Holdings Ltd. | 100166 |
| 46000 | CLP Holdings Ltd. | 390006 |
| 1480 | Futu Holdings Ltd., ADR | 150856 |
| 64000 | Galaxy Entertainment Group Ltd. | 270715 |
| 21400 | Hang Seng Bank Ltd. | 298334 |
| 38894 | Henderson Land Development Co., Ltd. | 121759 |
| 96000 | HKT Trust & HKT Ltd., Class Miscella Shares | 138238 |
| 298380 | Hong Kong & China Gas Co., Ltd. | 261886 |
| 31999 | Hong Kong Exchanges & Clearing Ltd. | 1600827 |
| 28900 | Hongkong Land Holdings Ltd. | 149440 |
| 39800 | Jardine Matheson Holdings Ltd. | 1766901 |
| 100000 | Kerry Properties Ltd. | 239224 |
| 73180 | Link REIT | 386866 |
| 43500 | MTR Corp., Ltd. | 151582 |
| 36500 | Power Assets Holdings Ltd. | 231156 |
| 436256 | Prudential PLC | 4968929 |
| 110646 | Sino Land Co., Ltd. | 111809 |
| 35000 | SITC International Holdings Co., Ltd. | 111224 |
| 41000 | Sun Hung Kai Properties Ltd. | 440897 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Hong Kong - 1.9% - (continued)** | **Hong Kong - 1.9% - (continued)** | **Hong Kong - 1.9% - (continued)** |
| 10000 | Swire Pacific Ltd., Class A Shares | $84962 |
| 88000 | Techtronic Industries Co., Ltd. | 979691 |
| 320000 | United Laboratories International Holdings Ltd. (The) | 593627 |
| 219500 | WH Group Ltd.(b) | 201866 |
| 27000 | Wharf Holdings Ltd. (The) | 71799 |
| 46000 | Wharf Real Estate Investment Co., Ltd. | 115372 |
| 115000 | Yue Yuen Industrial Holdings Ltd. | 173407 |
|  | Total Hong Kong | 22174579 |
|  **Hungary - 0.1%** | **Hungary - 0.1%** | **Hungary - 0.1%** |
| 27234 | Wizz Air Holdings PLC\*(b) | 586824 |
|  **India - 0.1%** | **India - 0.1%** | **India - 0.1%** |
| 8889 | HDFC Bank Ltd., ADR | 670142 |
|  **Indonesia - 0.1%** | **Indonesia - 0.1%** | **Indonesia - 0.1%** |
| 1321100 | Bank Central Asia Tbk PT | 760367 |
|  **Ireland - 1.0%** | **Ireland - 1.0%** | **Ireland - 1.0%** |
| 4997 | AerCap Holdings NV | 578303 |
| 56349 | AIB Group PLC | 442730 |
| 26748 | Bank of Ireland Group PLC | 367122 |
| 125508 | Cairn Homes PLC | 311374 |
| 4165 | DCC PLC | 261018 |
| 90715 | Experian PLC | 4532719 |
| 12169 | James Hardie Industries PLC, CDI\* | 279814 |
| 4138 | Kerry Group PLC, Class A Shares | 451152 |
| 21550 | Kingspan Group PLC | 1847339 |
| 21918 | Ryanair Holdings PLC | 581630 |
| 42910 | Smurfit WestRock PLC | 1859290 |
|  | Total Ireland | 11512491 |
|  **Isle of Man - 0.0%@** | **Isle of Man - 0.0%@** | **Isle of Man - 0.0%@** |
| 19165 | Playtech PLC | 82224 |
|  **Israel - 0.5%** | **Israel - 0.5%** | **Israel - 0.5%** |
| 1102 | Azrieli Group Ltd. | 84243 |
| 33117 | Bank Hapoalim BM | 554790 |
| 41348 | Bank Leumi Le-Israel BM | 667700 |
| 5916 | Check Point Software Technologies Ltd.\* | 1354054 |
| 1311 | CyberArk Software Ltd.\* | 501825 |
| 733 | Elbit Systems Ltd. | 294167 |
| 20044 | ICL Group Ltd. | 132251 |
| 31906 | Israel Discount Bank Ltd., Class A Shares | 271922 |
| 4203 | Mizrahi Tefahot Bank Ltd. | 240588 |
| 1092 | Monday.com Ltd.\* | 324859 |
| 1739 | Nice Ltd.\* | 289869 |
| 85550 | Teva Pharmaceutical Industries Ltd., ADR\* | 1435529 |
| 1388 | Wix.com Ltd.\* | 206743 |
|  | Total Israel | 6358540 |
|  **Italy - 3.1%** | **Italy - 3.1%** | **Italy - 3.1%** |
| 13557 | Azimut Holding SpA | 396287 |
| 5106 | Banca Mediolanum SpA | 84823 |
| 62996 | Banca Monte dei Paschi di Siena SpA | 520996 |
| 31553 | Banco BPM SpA | 362792 |
| 90646 | BPER Banca SPA(a) | 805379 |
| 2425 | Brunello Cucinelli SpA | 298640 |
| 15743 | Buzzi SpA | 809734 |
| 16935 | Davide Campari-Milano NV | 110554 |
| 9919 | De'Longhi SpA | 324996 |
| 3498 | DiaSorin SpA | 363190 |
| 660783 | Enel SpA | 6070182 |
| 57276 | Eni SpA | 846404 |
| 9106 | Ferrari NV | 4362403 |
| 99953 | FinecoBank Banca Fineco SpA | 2162110 |
| 23837 | Generali | 868352 |
| 8271 | Infrastrutture Wireless Italiane SpA(b) | 97036 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Italy - 3.1% - (continued)** | **Italy - 3.1% - (continued)** | **Italy - 3.1% - (continued)** |
| 410996 | Intesa Sanpaolo SpA | $2294909 |
| 128948 | Iren SpA | 401107 |
| 20355 | Iveco Group NV | 406269 |
| 11095 | Leonardo SpA | 690512 |
| 18518 | Lottomatica Group SpA | 487332 |
| 28025 | Maire SpA | 357855 |
| 13330 | Mediobanca Banca di Credito Finanziario SpA | 317156 |
| 6537 | Moncler SpA | 409471 |
| 14610 | Nexi SpA(b) | 87989 |
| 12751 | Poste Italiane SpA(b) | 276913 |
| 7736 | Prysmian SpA | 498094 |
| 38114 | Recordati Industria Chimica e Farmaceutica SpA | 2287003 |
| 3057 | Reply SpA | 516033 |
| 57423 | Snam SpA | 343777 |
| 257419 | Telecom Italia SpA\* | 110151 |
| 39015 | Terna - Rete Elettrica Nazionale | 398271 |
| 114864 | UniCredit SpA | 7390098 |
| 9377 | Unipol Assicurazioni SpA | 183734 |
|  | Total Italy | 35940552 |
|  **Japan - 18.6%** | **Japan - 18.6%** | **Japan - 18.6%** |
| 17500 | ABC-Mart Inc. | 341573 |
| 20600 | Advantest Corp. | 1055717 |
| 18000 | Aeon Co., Ltd. | 553944 |
| 6000 | AGC Inc. | 177426 |
| 13000 | Aisin Corp. | 164748 |
| 24300 | Ajinomoto Co., Inc. | 606778 |
| 5100 | ANA Holdings Inc. | 101288 |
| 29900 | Anritsu Corp. | 339375 |
| 12200 | Anycolor Inc. | 335062 |
| 39300 | Asahi Group Holdings Ltd. | 520676 |
| 108300 | Asahi Intecc Co., Ltd. | 1678764 |
| 33700 | Asahi Kasei Corp. | 235989 |
| 18100 | Asics Corp. | 438470 |
| 49300 | Astellas Pharma Inc. | 486632 |
| 41000 | Azbil Corp. | 360088 |
| 16800 | Bandai Namco Holdings Inc. | 533321 |
| 7900 | BIPROGY Inc. | 320516 |
| 41400 | Bridgestone Corp. | 1776592 |
| 24600 | Canon Inc.(a) | 751319 |
| 10000 | Capcom Co., Ltd. | 296788 |
| 21300 | Central Japan Railway Co. | 466058 |
| 13100 | Chiba Bank Ltd. (The) | 118282 |
| 17500 | Chubu Electric Power Co., Inc. | 215075 |
| 18000 | Chugai Pharmaceutical Co., Ltd. | 947351 |
| 26600 | Concordia Financial Group Ltd. | 169208 |
| 27200 | Credit Saison Co., Ltd. | 738607 |
| 10800 | Dai Nippon Printing Co., Ltd. | 158934 |
| 47500 | Daicel Corp. | 403893 |
| 33100 | Daido Steel Co., Ltd. | 222591 |
| 8800 | Daifuku Co., Ltd. | 236158 |
| 95500 | Dai-ichi Life Holdings Inc. | 738955 |
| 46700 | Daiichi Sankyo Co., Ltd. | 1247444 |
| 30400 | Daikin Industries Ltd. | 3487680 |
| 1500 | Daito Trust Construction Co., Ltd. | 168817 |
| 15400 | Daiwa House Industry Co., Ltd. | 520553 |
| 35800 | Daiwa Securities Group Inc. | 243755 |
| 52000 | Denso Corp. | 702812 |
| 4900 | Dentsu Group Inc. | 106360 |
| 6900 | Dentsu Soken Inc. | 324983 |
| 19300 | Dexerials Corp. | 279318 |
| 2600 | Disco Corp. | 594492 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** |
| 24700 | East Japan Railway Co. | $520179 |
| 24700 | Ebara Corp. | 394463 |
| 7100 | Eisai Co., Ltd. | 203224 |
| 75450 | ENEOS Holdings Inc. | 355005 |
| 205100 | FANUC Corp. | 5475479 |
| 5700 | Fast Retailing Co., Ltd. | 1901915 |
| 10600 | Food & Life Cos., Ltd. | 455829 |
| 4200 | Fuji Electric Co., Ltd. | 185215 |
| 104900 | FUJIFILM Holdings Corp. | 2378504 |
| 6600 | Fujikura Ltd. | 308495 |
| 200600 | Fujitsu Ltd. | 4582278 |
| 10500 | Fuyo General Lease Co., Ltd. | 289854 |
| 16200 | GS Yuasa Corp. | 294423 |
| 5900 | Hankyu Hanshin Holdings Inc. | 158843 |
| 500 | Hikari Tsushin Inc. | 136002 |
| 207300 | Hitachi Ltd. | 5732804 |
| 114800 | Honda Motor Co., Ltd. | 1170465 |
| 4200 | Horiba Ltd. | 298875 |
| 3200 | Hoshizaki Corp. | 119666 |
| 32100 | Hoya Corp. | 3791372 |
| 12100 | Hulic Co., Ltd. | 123037 |
| 20985 | Idemitsu Kosan Co., Ltd. | 127514 |
| 3900 | IHI Corp. | 379037 |
| 38200 | INFRONEER Holdings Inc. | 311662 |
| 24400 | Inpex Corp. | 328156 |
| 828 | Invincible Investment Corp., REIT | 352836 |
| 14400 | Isuzu Motors Ltd. | 194541 |
| 61700 | ITOCHU Corp. | 3266846 |
| 3700 | Japan Airlines Co., Ltd. | 74768 |
| 140500 | Japan Exchange Group Inc. | 1562012 |
| 49700 | Japan Post Bank Co., Ltd. | 537608 |
| 48300 | Japan Post Holdings Co., Ltd. | 470718 |
| 6100 | Japan Post Insurance Co., Ltd. | 133563 |
| 32200 | Japan Tobacco Inc. | 989374 |
| 16800 | JFE Holdings Inc. | 198599 |
| 11700 | Kajima Corp. | 288109 |
| 37200 | Kanadevia Corp. | 242248 |
| 15600 | Kandenko Co., Ltd. | 323226 |
| 8700 | Kaneka Corp. | 235686 |
| 26000 | Kansai Electric Power Co., Inc. (The) | 298244 |
| 12700 | Kao Corp. | 578960 |
| 10100 | Kawasaki Kisen Kaisha Ltd. | 151250 |
| 177800 | KDDI Corp. | 3073452 |
| 178 | KDX Realty Investment Corp., REIT, Class A Shares | 187408 |
| 17000 | Keyence Corp. | 7180570 |
| 18200 | Kikkoman Corp. | 166425 |
| 13200 | Kinden Corp. | 358142 |
| 21700 | Kirin Holdings Co., Ltd. | 311609 |
| 3800 | Kobe Bussan Co., Ltd. | 120161 |
| 20700 | Kokusai Electric Corp. | 432245 |
| 24700 | Komatsu Ltd. | 751372 |
| 2600 | Konami Group Corp. | 352798 |
| 28500 | Kubota Corp. | 326447 |
| 35300 | Kyocera Corp. | 433579 |
| 13300 | Kyoritsu Maintenance Co., Ltd. | 321953 |
| 6800 | Kyowa Kirin Co., Ltd. | 111899 |
| 10500 | Lasertec Corp. | 1066559 |
| 22400 | Lion Corp. | 243362 |
| 73900 | LY Corp. | 268209 |
| 10400 | M3 Inc. | 146100 |
| 7200 | Makita Corp. | 219966 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** |
| 38700 | Marubeni Corp. | $784076 |
| 9500 | MatsukiyoCocokara & Co. | 192506 |
| 136800 | Mebuki Financial Group Inc. | 667894 |
| 8700 | Meidensha Corp. | 261000 |
| 7400 | MEIJI Holdings Co., Ltd. | 165845 |
| 8500 | MINEBEA MITSUMI Inc. | 118887 |
| 91300 | MISUMI Group Inc. | 1202355 |
| 41200 | Mitsubishi Chemical Group Corp. | 218896 |
| 91800 | Mitsubishi Corp. | 1857308 |
| 52200 | Mitsubishi Electric Corp. | 1054159 |
| 77900 | Mitsubishi Estate Co., Ltd. | 1420497 |
| 21400 | Mitsubishi Gas Chemical Co., Inc. | 328299 |
| 23200 | Mitsubishi HC Capital Inc. | 170605 |
| 87100 | Mitsubishi Heavy Industries Ltd. | 2003303 |
| 311500 | Mitsubishi UFJ Financial Group Inc. | 4335226 |
| 68000 | Mitsui & Co., Ltd. | 1419232 |
| 72600 | Mitsui Fudosan Co., Ltd. | 697464 |
| 10500 | Mitsui Mining & Smelting Co., Ltd. | 357394 |
| 8900 | Mitsui OSK Lines Ltd. | 314629 |
| 64290 | Mizuho Financial Group Inc. | 1762456 |
| 6000 | MonotaRO Co., Ltd. | 124325 |
| 14900 | Morinaga Milk Industry Co., Ltd. | 343024 |
| 130700 | MS&AD Insurance Group Holdings Inc. | 3105133 |
| 296300 | Murata Manufacturing Co., Ltd. | 4263495 |
| 33500 | NEC Corp. | 881802 |
| 9500 | Nexon Co., Ltd. | 176436 |
| 37100 | NHK Spring Co., Ltd. | 410243 |
| 21900 | Nidec Corp. | 422293 |
| 75400 | Nintendo Co., Ltd. | 6148815 |
| 261 | Nippon Accommodations Fund Inc., REIT, Class A Shares | 208448 |
| 213 | Nippon Building Fund Inc., REIT | 194789 |
| 14300 | Nippon Electric Glass Co., Ltd. | 341913 |
| 19400 | Nippon Express Holdings Inc. | 359077 |
| 25800 | Nippon Paint Holdings Co., Ltd. | 194168 |
| 5100 | Nippon Sanso Holdings Corp. | 182268 |
| 26300 | Nippon Steel Corp. | 530622 |
| 796500 | Nippon Telegraph & Telephone Corp. | 885505 |
| 11400 | Nippon Yusen KK | 414739 |
| 63100 | Nissan Motor Co., Ltd.\* | 159573 |
| 5300 | Nissin Foods Holdings Co., Ltd. | 112773 |
| 72000 | Nissui Corp. | 423876 |
| 11900 | Nitori Holdings Co., Ltd. | 1189668 |
| 8600 | Nitto Boseki Co., Ltd. | 311091 |
| 19500 | Nitto Denko Corp. | 354830 |
| 82700 | Nomura Holdings Inc. | 503740 |
| 25480 | Nomura Research Institute Ltd. | 995623 |
| 16900 | NTT Data Group Corp. | 463835 |
| 17000 | Obayashi Corp. | 256118 |
| 94200 | Obic Co., Ltd. | 3440276 |
| 32600 | Olympus Corp. | 417195 |
| 4000 | Omron Corp. | 104173 |
| 11200 | Ono Pharmaceutical Co., Ltd. | 122492 |
| 800 | Oracle Corp. Japan | 93953 |
| 29600 | Oriental Land Co., Ltd. | 659123 |
| 31600 | ORIX Corp. | 667904 |
| 9400 | Osaka Gas Co., Ltd. | 238989 |
| 5900 | Otsuka Corp. | 121230 |
| 12100 | Otsuka Holdings Co., Ltd. | 614610 |
| 9600 | PAL Group Holdings Co., Ltd. | 236772 |
| 10200 | Pan Pacific International Holdings Corp. | 334591 |
| 62400 | Panasonic Holdings Corp. | 715397 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** |
| 28900 | Park24 Co., Ltd. | $403724 |
| 41400 | Rakuten Group Inc.\* | 227552 |
| 57100 | Recruit Holdings Co., Ltd. | 3451020 |
| 667000 | Renesas Electronics Corp. | 8211880 |
| 57200 | Resona Holdings Inc. | 500864 |
| 34200 | Resorttrust Inc.(a) | 388580 |
| 16000 | Ricoh Co., Ltd. | 148930 |
| 70000 | Round One Corp. | 534379 |
| 40200 | Sankyo Co., Ltd. | 702271 |
| 6300 | Sankyu Inc. | 302325 |
| 4900 | Sanrio Co., Ltd. | 215962 |
| 42000 | Santen Pharmaceutical Co., Ltd. | 467179 |
| 29600 | Sanwa Holdings Corp. | 1019162 |
| 28200 | Sawai Group Holdings Co., Ltd. | 350782 |
| 7000 | SBI Holdings Inc. | 213662 |
| 2000 | SCREEN Holdings Co., Ltd. | 142231 |
| 4800 | SCSK Corp. | 145748 |
| 10900 | Secom Co., Ltd. | 397849 |
| 10400 | Sekisui Chemical Co., Ltd. | 180197 |
| 15900 | Sekisui House Ltd. | 361100 |
| 59200 | Seven & i Holdings Co., Ltd. | 895609 |
| 7100 | SG Holdings Co., Ltd. | 69363 |
| 67100 | Shimadzu Corp. | 1629394 |
| 5900 | Shimano Inc. | 843438 |
| 142400 | Shin-Etsu Chemical Co., Ltd. | 4542257 |
| 19700 | Shionogi & Co., Ltd. | 332089 |
| 9800 | Shiseido Co., Ltd. | 158765 |
| 23500 | SMC Corp. | 8802306 |
| 769300 | Softbank Corp. | 1178788 |
| 25800 | SoftBank Group Corp. | 1337335 |
| 88600 | Sompo Holdings Inc. | 2702876 |
| 284100 | Sony Group Corp. | 7557186 |
| 16700 | Subaru Corp. | 307606 |
| 11400 | Sumitomo Bakelite Co., Ltd. | 310033 |
| 30500 | Sumitomo Corp. | 777399 |
| 18600 | Sumitomo Electric Industries Ltd. | 386024 |
| 8300 | Sumitomo Forestry Co., Ltd. | 241082 |
| 6700 | Sumitomo Metal Mining Co., Ltd. | 152624 |
| 255700 | Sumitomo Mitsui Financial Group Inc. | 6489114 |
| 16900 | Sumitomo Mitsui Trust Group Inc. | 455608 |
| 7900 | Sumitomo Realty & Development Co., Ltd. | 303368 |
| 4200 | Suntory Beverage & Food Ltd. | 136383 |
| 42800 | Suzuki Motor Corp. | 545860 |
| 7800 | SWCC Corp. | 379774 |
| 137700 | Sysmex Corp. | 2328797 |
| 14000 | T&D Holdings Inc. | 318373 |
| 12800 | Taiheiyo Cement Corp. | 327285 |
| 4300 | Taisei Corp. | 239546 |
| 42654 | Takeda Pharmaceutical Co., Ltd. | 1281388 |
| 9100 | Takeuchi Manufacturing Co., Ltd. | 292283 |
| 53300 | TDK Corp. | 584929 |
| 17000 | TechnoPro Holdings Inc. | 463682 |
| 236400 | Terumo Corp. | 4349463 |
| 6200 | TIS Inc. | 203849 |
| 3300 | Toho Co., Ltd. | 174681 |
| 35000 | Tohoku Electric Power Co., Inc. | 244046 |
| 49900 | Tokio Marine Holdings Inc. | 2094945 |
| 12000 | Tokyo Electron Ltd. | 1892016 |
| 9700 | Tokyo Gas Co., Ltd. | 326575 |
| 9200 | Tokyo Metro Co., Ltd. | 116293 |
| 7900 | Tokyo Seimitsu Co., Ltd. | 435613 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** | **Japan - 18.6% - (continued)** |
| 22700 | Tokyo Tatemono Co., Ltd. | $402999 |
| 13300 | Tokyu Corp. | 161449 |
| 65200 | Tokyu Fudosan Holdings Corp. | 479950 |
| 7200 | TOPPAN Holdings Inc. | 192749 |
| 37900 | Toray Industries Inc. | 260594 |
| 7300 | Toyo Suisan Kaisha Ltd. | 484085 |
| 23000 | Toyo Tire Corp. | 474821 |
| 20600 | Toyoda Gosei Co., Ltd. | 398485 |
| 16400 | Toyota Industries Corp. | 2044826 |
| 257700 | Toyota Motor Corp. | 4890340 |
| 16500 | Toyota Tsusho Corp. | 348593 |
| 3300 | Trend Micro Inc. | 246815 |
| 12100 | Tsumura & Co. | 287053 |
| 147200 | Unicharm Corp. | 1171889 |
| 11600 | West Japan Railway Co. | 251492 |
| 7200 | Yakult Honsha Co., Ltd. | 145696 |
| 47100 | Yamaguchi Financial Group Inc. | 496778 |
| 25200 | Yamaha Motor Co., Ltd. | 192444 |
| 6700 | Yokogawa Electric Corp. | 163727 |
| 2700 | Zensho Holdings Co., Ltd. | 148503 |
| 10300 | ZOZO Inc. | 111697 |
|  | Total Japan | 218144917 |
|  **Luxembourg - 0.4%** | **Luxembourg - 0.4%** | **Luxembourg - 0.4%** |
| 108674 | ArcelorMittal SA | 3327241 |
| 5981 | CVC Capital Partners PLC(b) | 111246 |
| 3240 | Eurofins Scientific SE | 216187 |
| 13409 | Millicom International Cellular SA | 502972 |
| 10795 | Tenaris SA | 180919 |
|  | Total Luxembourg | 4338565 |
|  **Macau - 0.0%@** | **Macau - 0.0%@** | **Macau - 0.0%@** |
| 213600 | MGM China Holdings Ltd. | 301672 |
| 68000 | Sands China Ltd.\* | 132744 |
|  | Total Macau | 434416 |
|  **Netherlands - 5.1%** | **Netherlands - 5.1%** | **Netherlands - 5.1%** |
| 13233 | ABN AMRO Bank NV, Dutch Certificate, GDR(b) | 342298 |
| 684 | Adyen NV\*(b) | 1313158 |
| 36885 | Aegon Ltd. | 264267 |
| 96730 | Akzo Nobel NV | 6589167 |
| 1663 | Argenx SE\* | 953293 |
| 2412 | ASM International NV | 1314605 |
| 20981 | ASML Holding NV | 15591317 |
| 13540 | ASR Nederland NV | 868628 |
| 5660 | BE Semiconductor Industries NV | 685315 |
| 7084 | Euronext NV(b) | 1153839 |
| 2311 | EXOR NV | 222622 |
| 13702 | Ferrovial SE | 699020 |
| 3501 | Fugro NV | 44419 |
| 3388 | Heineken Holding NV | 263969 |
| 67242 | Heineken NV | 6000882 |
| 1577 | IMCD NV | 214074 |
| 242470 | ING Groep NV | 5145853 |
| 5341 | JDE Peet's NV | 146921 |
| 25343 | Koninklijke Ahold Delhaize NV | 1069699 |
| 108136 | Koninklijke KPN NV | 508587 |
| 204314 | Koninklijke Philips NV\* | 4727986 |
| 7157 | NN Group NV | 450529 |
| 35520 | Prosus NV\* | 1826422 |
| 5579 | QIAGEN NV\* | 251734 |
| 3029 | Randstad NV | 127217 |
| 55965 | Stellantis NV | 570692 |
| 131743 | Universal Music Group NV | 4208907 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Netherlands - 5.1% - (continued)** | **Netherlands - 5.1% - (continued)** | **Netherlands - 5.1% - (continued)** |
| 23653 | Wolters Kluwer NV | $4198771 |
|  | Total Netherlands | 59754191 |
|  **New Zealand - 0.2%** | **New Zealand - 0.2%** | **New Zealand - 0.2%** |
| 40319 | Auckland International Airport Ltd. | 181909 |
| 20347 | Contact Energy Ltd. | 111273 |
| 16312 | Fisher & Paykel Healthcare Corp., Ltd. | 357062 |
| 24727 | Infratil Ltd. | 156434 |
| 40477 | Meridian Energy Ltd. | 132802 |
| 8568 | Xero Ltd.\* | 1017529 |
|  | Total New Zealand | 1957009 |
|  **Norway - 0.5%** | **Norway - 0.5%** | **Norway - 0.5%** |
| 8484 | Aker BP ASA | 195029 |
| 96763 | DNB Bank ASA | 2590781 |
| 22113 | Equinor ASA | 518173 |
| 5008 | Gjensidige Forsikring ASA | 126785 |
| 2455 | Kongsberg Gruppen ASA | 431809 |
| 13463 | Mowi ASA | 251400 |
| 167218 | Norsk Hydro ASA | 915694 |
| 19166 | Orkla ASA | 216919 |
| 1761 | Salmar ASA | 78414 |
| 16617 | Telenor ASA | 255602 |
| 3984 | Yara International ASA | 142854 |
|  | Total Norway | 5723460 |
|  **Poland - 0.0%@** | **Poland - 0.0%@** | **Poland - 0.0%@** |
| 5502 | InPost SA\* | 90510 |
|  **Portugal - 0.2%** | **Portugal - 0.2%** | **Portugal - 0.2%** |
| 81309 | EDP SA | 325721 |
| 11985 | Galp Energia SGPS SA | 191462 |
| 62187 | Jeronimo Martins SGPS SA | 1558741 |
|  | Total Portugal | 2075924 |
|  **Singapore - 1.3%** | **Singapore - 1.3%** | **Singapore - 1.3%** |
| 1188758 | CapitaLand Ascendas REIT(d) | 2443105 |
| 159228 | CapitaLand Integrated Commercial Trust, REIT | 258073 |
| 69900 | CapitaLand Investment Ltd. | 136618 |
| 98040 | DBS Group Holdings Ltd. | 3400584 |
| 188800 | Genting Singapore Ltd. | 101029 |
| 65857 | Grab Holdings Ltd., Class A Shares\* | 320724 |
| 257200 | Keppel DC REIT | 436834 |
| 39300 | Keppel Ltd. | 206969 |
| 91100 | Oversea-Chinese Banking Corp., Ltd. | 1146738 |
| 10392 | Sea Ltd., ADR\* | 1666565 |
| 146400 | Sembcorp Industries Ltd. | 751661 |
| 39350 | Singapore Airlines Ltd. | 217588 |
| 20400 | Singapore Exchange Ltd. | 221163 |
| 45400 | Singapore Technologies Engineering Ltd. | 275335 |
| 203600 | Singapore Telecommunications Ltd. | 603031 |
| 120803 | United Overseas Bank Ltd. | 3318239 |
| 56800 | Wilmar International Ltd. | 134347 |
|  | Total Singapore | 15638603 |
|  **South Africa - 0.0%@** | **South Africa - 0.0%@** | **South Africa - 0.0%@** |
| 57442 | Investec PLC | 411586 |
|  **South Korea - 1.5%** | **South Korea - 1.5%** | **South Korea - 1.5%** |
| 13034 | Classys Inc. | 536893 |
| 4794 | E-MART Inc. | 316206 |
| 961 | HD Hyundai Electric Co., Ltd. | 263778 |
| 1564 | Hugel Inc.\* | 374971 |
| 1005 | Hyosung Heavy Industries Corp. | 452075 |
| 8390 | Hyundai Rotem Co., Ltd. | 889310 |
| 9267 | IsuPetasys Co., Ltd. | 257719 |
| 5400 | Kolmar Korea Co., Ltd.\* | 323242 |
| 34752 | Korea Electric Power Corp. | 764071 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **South Korea - 1.5% - (continued)** | **South Korea - 1.5% - (continued)** | **South Korea - 1.5% - (continued)** |
| 9370 | LEENO Industrial Inc. | $268696 |
| 2307 | PharmaResearch Co., Ltd. | 753322 |
| 9574 | Poongsan Corp. | 429787 |
| 15639 | Samsung E&A Co., Ltd. | 246258 |
| 203428 | Samsung Electronics Co., Ltd. | 8277923 |
| 4074 | Samsung Fire & Marine Insurance Co., Ltd. | 1194975 |
| 2693 | Samsung SDI Co., Ltd. | 327986 |
| 44149 | Shinhan Financial Group Co., Ltd. | 1844860 |
| 9819 | Silicon2 Co., Ltd.\* | 334729 |
| 4212 | SOOP Co., Ltd. | 257214 |
|  | Total South Korea | 18114015 |
|  **Spain - 2.9%** | **Spain - 2.9%** | **Spain - 2.9%** |
| 624 | Acciona SA | 100863 |
| 5144 | ACS Actividades de Construccion y Servicios SA | 338673 |
| 2060 | Aena SME SA(b) | 555116 |
| 47903 | Amadeus IT Group SA | 3986324 |
| 321354 | Banco Bilbao Vizcaya Argentaria SA | 4835889 |
| 143055 | Banco de Sabadell SA | 457119 |
| 411035 | Banco Santander SA | 3293184 |
| 188230 | Bankinter SA | 2430451 |
| 108949 | CaixaBank SA | 929219 |
| 14761 | Cellnex Telecom SA(b) | 566418 |
| 8669 | EDP Renovaveis SA | 87135 |
| 8539 | Endesa SA | 260957 |
| 7354 | Grifols SA\* | 79245 |
| 273082 | Iberdrola SA | 4995609 |
| 20767 | Indra Sistemas SA(a) | 855237 |
| 126709 | Industria de Diseno Textil SA | 6868189 |
| 12056 | Logista Integral SA | 389795 |
| 172080 | Mapfre SA | 653277 |
| 49264 | Merlin Properties Socimi SA, REIT | 609988 |
| 6811 | Redeia Corp. SA | 140992 |
| 30651 | Repsol SA | 413318 |
| 102751 | Telefonica SA | 551512 |
|  | Total Spain | 33398510 |
|  **Sweden - 2.4%** | **Sweden - 2.4%** | **Sweden - 2.4%** |
| 6878 | AddTech AB, Class B Shares | 237822 |
| 8102 | Alfa Laval AB | 344725 |
| 27365 | Assa Abloy AB, Class B Shares | 867967 |
| 74688 | Atlas Copco AB, Class A Shares | 1199859 |
| 204812 | Atlas Copco AB, Class B Shares | 2919288 |
| 19076 | Avanza Bank Holding AB | 684569 |
| 11113 | Beijer Ref AB, Class B Shares | 165076 |
| 44745 | Billerud Aktiebolag | 489274 |
| 7910 | Boliden AB\* | 247639 |
| 269553 | Electrolux AB, Class B Shares\* | 1757986 |
| 17088 | Epiroc AB, Class A Shares | 382580 |
| 11308 | Epiroc AB, Class B Shares | 221295 |
| 10446 | EQT AB(a) | 306017 |
| 15963 | Essity AB, Class B Shares | 465411 |
| 3992 | Evolution AB(b) | 274078 |
| 20071 | Fastighets AB Balder, Class B Shares\* | 140832 |
| 14644 | H & M Hennes & Mauritz AB, Class B Shares | 209819 |
| 74684 | Hexagon AB, Class B Shares | 753036 |
| 2473 | Holmen AB, Class B Shares | 102475 |
| 3371 | Industrivarden AB, Class A Shares | 122848 |
| 4023 | Industrivarden AB, Class C Shares | 146154 |
| 6879 | Indutrade AB | 187559 |
| 4075 | Investment AB Latour, Class B Shares | 108121 |
| 46646 | Investor AB, Class B Shares | 1381626 |
| 1894 | L E Lundbergforetagen AB, Class B Shares | 96772 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Sweden - 2.4% - (continued)** | **Sweden - 2.4% - (continued)** | **Sweden - 2.4% - (continued)** |
| 6336 | Lifco AB, Class B Shares | $259467 |
| 9553 | Loomis AB, Class B Shares | 371245 |
| 19246 | NCC AB, Class B Shares | 366220 |
| 39580 | Nibe Industrier AB, Class B Shares(a) | 162258 |
| 8874 | Saab AB, Class B Shares | 449501 |
| 6621 | Sagax AB, Class B Shares | 145131 |
| 28834 | Sandvik AB | 634395 |
| 12710 | Securitas AB, Class B Shares | 188654 |
| 43898 | Skandinaviska Enskilda Banken AB, Class A Shares | 736655 |
| 8894 | Skanska AB, Class B Shares | 212616 |
| 9099 | SKF AB, Class B Shares | 201525 |
| 7585 | Spotify Technology SA\* | 5045087 |
| 252642 | Storskogen Group AB, Class B Shares | 290528 |
| 17496 | Svenska Cellulosa AB SCA, Class B Shares | 236707 |
| 123814 | Svenska Handelsbanken AB, Class A Shares | 1660839 |
| 23547 | Swedbank AB, Class A Shares | 640495 |
| 5394 | Swedish Orphan Biovitrum AB\* | 165044 |
| 13860 | Tele2 AB, Class B Shares | 207814 |
| 75352 | Telefonaktiebolaget LM Ericsson, Class B Shares | 640734 |
| 61275 | Telia Co. AB | 237447 |
| 5952 | Trelleborg AB, Class B Shares | 218210 |
| 42764 | Volvo AB, Class B Shares | 1193723 |
| 44405 | Wihlborgs Fastigheter AB | 446822 |
|  | Total Sweden | 28523945 |
|  **Switzerland - 7.6%** | **Switzerland - 7.6%** | **Switzerland - 7.6%** |
| 69229 | ABB Ltd., Class Registered Shares | 3918503 |
| 8872 | Accelleron Industries AG | 513667 |
| 30787 | Alcon AG | 2646918 |
| 9799 | Avolta AG | 527524 |
| 1148 | Baloise Holding AG, Class Registered Shares | 273472 |
| 842 | Banque Cantonale Vaudoise, Class Registered Shares | 97695 |
| 107 | Barry Callebaut AG, Class Registered Shares | 109679 |
| 362 | Belimo Holding AG, Class Registered Shares | 351099 |
| 2174 | BKW AG | 458162 |
| 635 | Bucher Industries AG, Class Registered Shares | 307844 |
| 129 | Chocoladefabriken Lindt & Spruengli AG | 2069926 |
| 3 | Chocoladefabriken Lindt & Spruengli AG, Class Registered Shares | 470045 |
| 27547 | Cie Financiere Richemont SA, Class Registered Shares | 5211780 |
| 23332 | Coca-Cola HBC AG\* | 1217769 |
| 4669 | DKSH Holding AG | 366075 |
| 4944 | DSM-Firmenich AG | 552996 |
| 209 | EMS-Chemie Holding AG, Class Registered Shares | 158823 |
| 1139 | Flughafen Zurich AG, Class Registered Shares | 315762 |
| 2902 | Galderma Group AG | 382419 |
| 5737 | Galenica AG(b) | 594237 |
| 888 | Geberit AG, Class Registered Shares | 663684 |
| 249 | Givaudan SA, Class Registered Shares | 1252736 |
| 278405 | Glencore PLC\* | 1069881 |
| 1054 | Helvetia Holding AG, Class Registered Shares | 250521 |
| 14267 | Holcim AG\* | 1586624 |
| 15971 | Julius Baer Group Ltd. | 1054247 |
| 1368 | Kuehne + Nagel International AG, Class Registered Shares | 309236 |
| 7009 | Logitech International SA, Class Registered Shares | 583567 |
| 8567 | Lonza Group AG, Class Registered Shares | 5951489 |
| 71095 | Nestlé SA, Class Registered Shares | 7575078 |
| 51596 | Novartis AG, Class Registered Shares | 5987971 |
| 611 | Partners Group Holding AG | 823772 |
| 4530 | PSP Swiss Property AG, Class Registered Shares | 797096 |
| 59385 | Roche Holding AG | 19277218 |
| 11662 | Sandoz Group AG | 594701 |
| 1136 | Schindler Holding AG | 404744 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Switzerland - 7.6% - (continued)** | **Switzerland - 7.6% - (continued)** | **Switzerland - 7.6% - (continued)** |
| 580 | Schindler Holding AG, Class Registered Shares | $199293 |
| 32870 | SGS SA, Class Registered Shares | 3438332 |
| 3240 | Siegfried Holding AG, Class Registered Shares\* | 381936 |
| 8596 | SIG Group AG\* | 176046 |
| 4101 | Sika AG, Class Registered Shares | 1096894 |
| 1402 | Sonova Holding AG, Class Registered Shares | 441413 |
| 18810 | STMicroelectronics NV | 471126 |
| 3101 | Straumann Holding AG, Class Registered Shares | 399690 |
| 4133 | Sulzer AG, Class Registered Shares | 782836 |
| 755 | Swatch Group AG (The) | 127217 |
| 771 | Swiss Life Holding AG, Class Registered Shares | 773042 |
| 2183 | Swiss Prime Site AG, Class Registered Shares | 310361 |
| 8307 | Swiss Re AG | 1474143 |
| 717 | Swisscom AG, Class Registered Shares | 493146 |
| 2153 | Swissquote Group Holding SA, Class Registered Shares | 1288892 |
| 5579 | Temenos AG, Class Registered Shares | 414132 |
| 89071 | UBS Group AG, Class Registered Shares | 2850699 |
| 6888 | VAT Group AG(b) | 2620349 |
| 3963 | Zurich Insurance Group AG | 2792157 |
|  | Total Switzerland | 89258664 |
|  **Taiwan - 0.5%** | **Taiwan - 0.5%** | **Taiwan - 0.5%** |
| 29000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 923507 |
| 27900 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 5393628 |
|  | Total Taiwan | 6317135 |
|  **United Kingdom - 16.4%** | **United Kingdom - 16.4%** | **United Kingdom - 16.4%** |
| 26259 | 3i Group PLC | 1445502 |
| 7381 | Admiral Group PLC | 333634 |
| 34932 | Anglo American PLC | 1042486 |
| 5075 | ARM Holdings PLC, ADR\*(a) | 632041 |
| 11701 | Ashtead Group PLC | 685758 |
| 8690 | Associated British Foods PLC | 244384 |
| 114578 | AstraZeneca PLC | 16657322 |
| 24939 | Auto Trader Group PLC(b) | 267500 |
| 72951 | Aviva PLC | 602466 |
| 50581 | Babcock International Group PLC | 640632 |
| 167989 | BAE Systems PLC | 4295596 |
| 79665 | Balfour Beatty PLC | 536673 |
| 2371694 | Barclays PLC | 10523179 |
| 123470 | Barratt Redrow PLC | 768761 |
| 63368 | Beazley PLC | 808583 |
| 37072 | Berkeley Group Holdings PLC | 2108380 |
| 1574128 | BP PLC | 7647365 |
| 111786 | British American Tobacco PLC | 5029249 |
| 87339 | British Land Co. PLC (The), REIT | 461002 |
| 166050 | BT Group PLC(a) | 402326 |
| 39997 | Bunzl PLC | 1281474 |
| 136232 | Centrica PLC | 291337 |
| 6136 | Coca-Cola Europacific Partners PLC | 563223 |
| 150618 | Compass Group PLC | 5301270 |
| 8173 | Computacenter PLC | 287835 |
| 132534 | ConvaTec Group PLC(b) | 518966 |
| 5700 | Cranswick PLC | 409541 |
| 3343 | Croda International PLC | 138574 |
| 266652 | Currys PLC\* | 438050 |
| 347596 | Diageo PLC | 9464681 |
| 40754 | Drax Group PLC | 363702 |
| 41352 | easyJet PLC | 322009 |
| 19564 | Endeavour Mining PLC | 599743 |
| 16533 | Entain PLC | 167311 |
| 392271 | GSK PLC | 7990438 |
| 669960 | Haleon PLC | 3737447 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **United Kingdom - 16.4% - (continued)** | **United Kingdom - 16.4% - (continued)** | **United Kingdom - 16.4% - (continued)** |
| 48313 | Halma PLC | $1892500 |
| 132660 | Harbour Energy PLC | 319455 |
| 23941 | Hikma Pharmaceuticals PLC | 692206 |
| 482089 | HSBC Holdings PLC | 5693656 |
| 13786 | IMI PLC | 370734 |
| 21707 | Imperial Brands PLC | 821366 |
| 28212 | Inchcape PLC | 259263 |
| 36716 | Informa PLC | 390126 |
| 4104 | InterContinental Hotels Group PLC | 470634 |
| 16412 | Intermediate Capital Group PLC | 445895 |
| 31896 | International Consolidated Airlines Group SA | 140344 |
| 4193 | Intertek Group PLC | 271439 |
| 47509 | J Sainsbury PLC | 182692 |
| 64950 | JD Sports Fashion PLC | 73591 |
| 17484 | JET2 PLC | 439588 |
| 736870 | Kingfisher PLC | 2757030 |
| 17188 | Land Securities Group PLC, REIT | 147047 |
| 355110 | Legal & General Group PLC | 1190533 |
| 3937157 | Lloyds Banking Group PLC | 4110695 |
| 12926 | London Stock Exchange Group PLC | 1964256 |
| 149455 | LondonMetric Property PLC, REIT | 406249 |
| 62387 | M&G PLC | 199786 |
| 53416 | Marks & Spencer Group PLC | 268989 |
| 34070 | Melrose Industries PLC | 216047 |
| 11549 | Mondi PLC | 187675 |
| 336177 | National Grid PLC(a) | 4757609 |
| 338662 | NatWest Group PLC | 2402890 |
| 3238 | Next PLC | 561658 |
| 18301 | Nomad Foods Ltd. | 320268 |
| 55594 | OSB Group PLC | 367168 |
| 15717 | Pearson PLC | 246928 |
| 18824 | Phoenix Group Holdings PLC | 161307 |
| 171155 | Reckitt Benckiser Group PLC | 11633836 |
| 143325 | RELX PLC | 7728944 |
| 70755 | Rentokil Initial PLC | 335920 |
| 32454 | Rightmove PLC | 325957 |
| 30967 | Rio Tinto PLC | 1844138 |
| 1044856 | Rolls-Royce Holdings PLC | 12255117 |
| 222818 | Sage Group PLC (The) | 3661057 |
| 19403 | Schroders PLC | 93241 |
| 270346 | Segro PLC, REIT | 2547420 |
| 7835 | Severn Trent PLC | 286049 |
| 268535 | Shell PLC | 8873155 |
| 194782 | Smith & Nephew PLC | 2827962 |
| 33475 | Smiths Group PLC | 975116 |
| 14725 | Softcat PLC | 356483 |
| 1975 | Spirax Group PLC | 152615 |
| 30465 | SSE PLC | 724326 |
| 38814 | St. James's Place PLC | 585876 |
| 201795 | Standard Chartered PLC | 3161568 |
| 185240 | Tesco PLC | 969008 |
| 68309 | Trainline PLC\*(b) | 249442 |
| 210310 | Tritax Big Box REIT PLC | 417578 |
| 111550 | Unilever PLC | 7105090 |
| 17837 | United Utilities Group PLC | 282108 |
| 548521 | Vodafone Group PLC | 569918 |
| 9926 | Weir Group PLC (The) | 325729 |
| 158553 | WH Smith PLC | 2242794 |
| 29312 | Whitbread PLC | 1144870 |
| 17522 | Wise PLC, Class A Shares\* | 260370 |
| 28194 | WPP PLC | 227686 |
|  | Total United Kingdom | 191901437 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares/Units** | | **Security** | **Value** |
| **United States - 0.6%** | **United States - 0.6%** | **United States - 0.6%** | **United States - 0.6%** |
| 258 |  | Booking Holdings Inc. | $1423884 |
| 180490 |  | Carnival Corp.\* | 4190978 |
| 3286 |  | Ferguson Enterprises Inc. | 599169 |
| 12310 |  | Liberty Media Corp.-Liberty Formula One, Class C Shares\* | 1188284 |
|  |  | Total United States | 7402315 |
| **Uruguay - 0.1%** | **Uruguay - 0.1%** | **Uruguay - 0.1%** | **Uruguay - 0.1%** |
| 228 |  | MercadoLibre Inc.\* | 584430 |
|  |  | **TOTAL COMMON STOCKS**<br> (Cost - $789,606,593) | **1132752274** |
| **PREFERRED STOCKS - 0.1%** | **PREFERRED STOCKS - 0.1%** | **PREFERRED STOCKS - 0.1%** | **PREFERRED STOCKS - 0.1%** |
| **Germany - 0.1%** | **Germany - 0.1%** | **Germany - 0.1%** | **Germany - 0.1%** |
| 1468 |  | Bayerische Motoren Werke AG, Class Preferred Shares | 121690 |
| 2720 |  | Dr ING hc F Porsche AG, Class Preferred Shares(b) | 131178 |
| 4468 |  | Henkel AG & Co. KGaA, Class Preferred Shares | 357707 |
| 4132 |  | Porsche Automobil Holding SE, Class Preferred Shares | 164707 |
| 716 |  | Sartorius AG, Class Preferred Shares | 171633 |
| 5583 |  | Volkswagen AG, Class Preferred Shares | 604803 |
|  |  | **TOTAL PREFERRED STOCKS**<br> (Cost - $1,790,980) | **1551718** |
| **OPEN END MUTUAL FUND SECURITY - 0.1%** | **OPEN END MUTUAL FUND SECURITY - 0.1%** | **OPEN END MUTUAL FUND SECURITY - 0.1%** | **OPEN END MUTUAL FUND SECURITY - 0.1%** |
| **United States - 0.1%** | **United States - 0.1%** | **United States - 0.1%** | **United States - 0.1%** |
| 21340 |  | Vanguard FTSE Developed Markets ETF, Common Class Shares<br> (Cost - $958,478) | **1186077** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $792,356,051) | **1135490069** |
| **Face <br>Amount†** |  |  |  |
| **SHORT-TERM INVESTMENTS(e) - 2.7%** | **SHORT-TERM INVESTMENTS(e) - 2.7%** | **SHORT-TERM INVESTMENTS(e) - 2.7%** | **SHORT-TERM INVESTMENTS(e) - 2.7%** |
| **MONEY MARKET FUND - 0.4%** | **MONEY MARKET FUND - 0.4%** | **MONEY MARKET FUND - 0.4%** | **MONEY MARKET FUND - 0.4%** |
| $4914925 |  | Invesco STIT - Government & Agency Portfolio, Institutional Class, 4.174%(f)<br> (Cost - $4,914,925) | **4914925** |
| **TIME DEPOSITS - 2.3%** | **TIME DEPOSITS - 2.3%** | **TIME DEPOSITS - 2.3%** | **TIME DEPOSITS - 2.3%** |
| 37728 | <sup>AUD</sup> | ANZ National Bank - Hong Kong, 2.570% due 6/2/25 | 24321 |
| 6393953 |  | ANZ National Bank - London, 3.680% due 6/2/25 | 6393953 |
|  |  | BBH - New York: |  |
| 194332 | <sup>DKK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.730% due 6/2/25 | 29581 |
| 332484 | <sup>SEK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.070% due 6/2/25 | 34682 |
| 471103 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 534938 |
| 10279 | <sup>NZD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/3/25 | 6142 |
| 268532 | <sup>NOK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.230% due 6/2/25 | 26312 |
| 1444 | <sup>ZAR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 6/2/25 | 80 |
|  |  | Citibank - London: |  |
| 996308 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 1131307 |
| 346064 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.170% due 6/2/25 | 466303 |
| 3868264 |  | Citibank - New York, 3.680% due 6/2/25 | 3868264 |
| 657377 | <sup>HKD</sup> | HSBC Bank - Hong Kong, 0.000% due 6/2/25 | 83838 |
| 120761 | <sup>SGD</sup> | HSBC Bank - Singapore, 0.640% due 6/2/25 | 93639 |
| 2976554 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 2976554 |
| 2416 | <sup>CAD</sup> | Royal Bank of Canada - Toronto, 1.570% due 6/2/25 | 1761 |
|  |  | Skandinaviska Enskilda Banken AB - Stockholm: |  |
| 431901 | <sup>CHF</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.000% due 6/2/25 | 524916 |
| 9300142 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.680% due 6/2/25 | 9300142 |
|  |  | Sumitomo Mitsui Banking Corp. - Tokyo: |  |
| 14796023 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.120% due 6/2/25 | 102825 |
| 771334 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.680% due 6/2/25 | 771334 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $26,370,892) | **26370892** |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $31,285,817) | **31285817** |
|  |  | **TOTAL INVESTMENTS - 99.5%**<br> (Cost - $823,641,868) | **1166775886** |
|  |  | Other Assets in Excess of Liabilities - 0.5% | 5941554 |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**1172717440** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

\* Non-income producing security.

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) All or a portion of this security is on loan (See Note 1).

(b) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $16,200,088 and represents 1.4% of net assets.

(c) Illiquid security.

(d) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

(e) Inclusive of all short-term holdings, including investments of collateral received from securities lending
transactions. Excluding such collateral, the percentage of portfolio holdings would be 2.3%.

(f) Represents investments of collateral received from securities lending transactions.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income<br>Tax Purposes** | **Gross**<br> **Unrealized<br>Appreciation** | **Gross**<br> **Unrealized**<br> **(Depreciation)** | **Net**<br> **Unrealized**<br> **Appreciation** |
|  International Equity Fund | $823641868 | $392057219 | $(48848887) | $343208332 |

---

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

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| CDI | Clearing House Electronics System (CHESS) Depositary Interest |
| ETF | Exchange-Traded Fund |
| GDR | Global Depositary Receipt |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |

---

---

| | | |
|:---|:---|:---|
| **Summary of Investments by Security Sector^** | | |
|  Industrials | 18.7 | % |
|  Financials | 18.5 |  |
|  Health Care | 12.8 |  |
|  Information Technology | 12.0 |  |
|  Consumer Discretionary | 10.5 |  |
|  Consumer Staples | 7.9 |  |
|  Materials | 5.8 |  |
|  Communication Services | 4.3 |  |
|  Utilities | 2.7 |  |
|  Energy | 2.6 |  |
|  Real Estate | 1.9 |  |
|  Short-Term Investments | 2.3 |  |
|  Total Investments | 100.0 | %+ |

---

---

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

---

+ Does not reflect investments of collateral received from securities lending transactions.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Equity Fund** 

At May 31, 2025, International Equity Fund had open exchange-traded futures contracts as described below.

The unrealized appreciation on the open contracts was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro STOXX 50 Futures | 26 | 6/25 | $1554375 | $1584795 | $30420 |
| &nbsp;&nbsp;&nbsp;&nbsp; FTSE 100 Index Futures | 5 | 6/25 | 577093 | 591632 | 14539 |
| &nbsp;&nbsp;&nbsp;&nbsp; SPI 200 Index Futures | 3 | 6/25 | 398224 | 408885 | 10661 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOPIX Index Futures | 4 | 6/25 | 758956 | 777650 | 18694 |
|  |  |  |  |  | $74314 |

---

At May 31, 2025, International Equity Fund had deposited cash of $268,051 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

**<u>Currency abbreviations used in this schedule:</u>**

---

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

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **COMMON STOCKS - 97.2%** | **COMMON STOCKS - 97.2%** | **COMMON STOCKS - 97.2%** |
|  **Argentina - 0.1%** | **Argentina - 0.1%** | **Argentina - 0.1%** |
| 8500 | Grupo Financiero Galicia SA, ADR\* | $493425 |
|  **Australia - 0.0%@** | **Australia - 0.0%@** | **Australia - 0.0%@** |
| 128000 | MMG Ltd.\* | 47519 |
|  **Brazil - 4.9%** | **Brazil - 4.9%** | **Brazil - 4.9%** |
| 134556 | Ambev SA | 330131 |
| 1010760 | B3 SA - Brasil Bolsa Balcao | 2453370 |
| 42982 | Banco Bradesco SA | 105080 |
| 33944 | Banco BTG Pactual SA | 234766 |
| 358708 | Banco do Brasil SA | 1469107 |
| 284682 | BB Seguridade Participacoes SA | 1867379 |
| 15753 | BRF SA | 55922 |
| 15025 | Caixa Seguridade Participacoes SA | 39596 |
| 35249 | Centrais Eletricas Brasileiras SA | 258647 |
| 13140 | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 269721 |
| 7096 | CPFL Energia SA | 50244 |
| 20881 | Embraer SA | 239140 |
| 8764 | Energisa SA | 72798 |
| 9680 | Eneva SA\* | 23648 |
| 108078 | Engie Brasil Energia SA | 776036 |
| 33487 | Equatorial Energia SA | 214623 |
| 157205 | Inter & Co., Inc., Class A Shares(a) | 1119300 |
| 21493 | JBS SA | 150794 |
| 550000 | JSL SA | 598244 |
| 21763 | Klabin SA | 69683 |
| 263983 | Localiza Rent a Car SA | 1983196 |
| 372847 | Motiva Infraestrutura de Mobilidade SA | 878913 |
| 24863 | Natura & Co. Holding SA\* | 45522 |
| 127216 | NU Holdings Ltd., Class A Shares\* | 1527864 |
| 367090 | Odontoprev SA | 706140 |
| 107510 | Petroleo Brasileiro SA - Petrobras | 618731 |
| 88012 | Petroleo Brasileiro SA - Petrobras, ADR | 1015659 |
| 142598 | PRIO SA\* | 971284 |
| 39751 | Raia Drogasil SA | 103229 |
| 345417 | Rede D'Or Sao Luiz SA(b) | 2282081 |
| 33328 | Rumo SA\* | 109687 |
| 195596 | Smartfit Escola de Ginastica e Danca SA | 821254 |
| 52325 | Suzano SA | 454312 |
| 23521 | TIM SA | 80167 |
| 17165 | TOTVS SA | 126702 |
| 21149 | Ultrapar Participações SA | 60247 |
| 104909 | Vale SA | 955820 |
| 110105 | Vale SA, Class B Shares, ADR | 1005259 |
| 343035 | Vibra Energia SA | 1210557 |
| 380859 | WEG SA | 2820610 |
| 12385 | XP Inc., Class A Shares | 239774 |
|  | Total Brazil | 28415237 |
|  **Chile - 0.5%** | **Chile - 0.5%** | **Chile - 0.5%** |
| 80068 | Antofagasta PLC | 1918488 |
| 1266261 | Banco de Chile | 186501 |
| 2818 | Banco de Credito e Inversiones SA | 108831 |
| 2141522 | Banco Santander Chile | 127729 |
| 33447 | Cencosud SA | 115239 |
| 32401 | Empresas CMPC SA | 51767 |
| 9413 | Empresas COPEC SA | 64738 |
| 473707 | Enel Americas SA | 44217 |
| 564409 | Enel Chile SA | 40967 |
| 23830 | Falabella SA | 113826 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Chile - 0.5% - (continued)** | **Chile - 0.5% - (continued)** | **Chile - 0.5% - (continued)** |
| 6671962 | Latam Airlines Group SA | $127070 |
| 8011 | Sociedad Quimica y Minera de Chile SA, ADR\*(a) | 243775 |
|  | Total Chile | 3143148 |
|  **China - 24.2%** | **China - 24.2%** | **China - 24.2%** |
| 9300 | 360 Security Technology Inc., Class A Shares | 12845 |
| 3900 | 37 Interactive Entertainment Network Technology Group Co., Ltd., Class A Shares | 7912 |
| 24000 | AAC Technologies Holdings Inc. | 111613 |
| 3600 | Accelink Technologies Co., Ltd., Class A Shares | 20577 |
| 794 | Advanced Micro-Fabrication Equipment Inc., Class A Shares\* | 19233 |
| 3000 | AECC Aviation Power Co., Ltd., Class A Shares | 14748 |
| 154700 | Agricultural Bank of China Ltd., Class A Shares | 118752 |
| 808000 | Agricultural Bank of China Ltd., Class H Shares(c) | 517278 |
| 11877 | Aier Eye Hospital Group Co., Ltd., Class A Shares | 20464 |
| 13600 | Air China Ltd., Class A Shares\* | 15115 |
| 18000 | Akeso Inc.\*(b) | 192438 |
| 760976 | Alibaba Group Holding Ltd | 10900706 |
| 51315 | Alibaba Group Holding Ltd., ADR | 5841700 |
| 31400 | Aluminum Corp. of China Ltd., Class A Shares | 28517 |
| 102000 | Aluminum Corp. of China Ltd., Class H Shares(c) | 58977 |
| 351 | Amlogic Shanghai Co., Ltd., Class A Shares\* | 3252 |
| 2500 | Angel Yeast Co., Ltd., Class A Shares\* | 13199 |
| 6100 | Anhui Conch Cement Co., Ltd., Class A Shares | 19688 |
| 380337 | Anhui Conch Cement Co., Ltd., Class H Shares(c) | 988759 |
| 1000 | Anhui Gujing Distillery Co., Ltd., Class A Shares | 20877 |
| 3700 | Anhui Gujing Distillery Co., Ltd., Class B Shares | 53729 |
| 3500 | Anhui Jianghuai Automobile Group Corp., Ltd., Class A Shares | 18555 |
| 75800 | ANTA Sports Products Ltd | 916998 |
| 1759 | Autohome Inc., ADR | 43131 |
| 3600 | Avary Holding Shenzhen Co., Ltd., Class A Shares | 14137 |
| 44000 | AviChina Industry & Technology Co., Ltd., Class H Shares(c) | 22090 |
| 2200 | AVICOPTER PLC, Class A Shares | 11214 |
| 16800 | BAIC BluePark New Energy Technology Co., Ltd., Class A Shares\* | 16785 |
| 65868 | Baidu Inc., Class A Shares\* | 676411 |
| 47000 | Bank of Beijing Co., Ltd., Class A Shares | 41068 |
| 16600 | Bank of Changsha Co., Ltd., Class A Shares | 22568 |
| 4000 | Bank of Chengdu Co., Ltd., Class A Shares | 10770 |
| 54930 | Bank of China Ltd., Class A Shares | 42070 |
| 2054000 | Bank of China Ltd., Class H Shares(c) | 1189009 |
| 75700 | Bank of Communications Co., Ltd., Class A Shares | 79736 |
| 259000 | Bank of Communications Co., Ltd., Class H Shares(c) | 226096 |
| 14800 | Bank of Hangzhou Co., Ltd., Class A Shares | 34237 |
| 35590 | Bank of Jiangsu Co., Ltd., Class A Shares | 54259 |
| 16600 | Bank of Nanjing Co., Ltd., Class A Shares | 26406 |
| 14790 | Bank of Ningbo Co., Ltd., Class A Shares | 54762 |
| 29640 | Bank of Shanghai Co., Ltd., Class A Shares | 43527 |
| 30184 | Baoshan Iron & Steel Co., Ltd., Class A Shares | 28238 |
| 9900 | Beijing Enlight Media Co., Ltd., Class A Shares\* | 24073 |
| 1303 | Beijing Kingsoft Office Software Inc., Class A Shares | 50738 |
| 2000 | Beijing New Building Materials PLC, Class A Shares | 7949 |
| 543 | Beijing Roborock Technology Co., Ltd., Class A Shares | 17049 |
| 5880 | Beijing Tiantan Biological Products Corp., Ltd., Class A Shares | 15548 |
| 2600 | Beijing Tong Ren Tang Co., Ltd., Class A Shares | 13688 |
| 1218 | Beijing Wantai Biological Pharmacy Enterprise Co., Ltd., Class A Shares | 11716 |
| 79200 | Beijing-Shanghai High Speed Railway Co., Ltd., Class A Shares | 64358 |
| 6207 | Bilibili Inc., Class Z Shares\* | 114232 |
| 68500 | BOE Technology Group Co., Ltd., Class A Shares | 36019 |
| 3300 | BYD Co., Ltd., Class A Shares | 160534 |
| 118000 | BYD Co., Ltd., Class H Shares(c) | 5855039 |
| 22500 | BYD Electronic International Co., Ltd | 88492 |
| 907 | Cambricon Technologies Corp., Ltd., Class A Shares\* | 76019 |
| 32800 | CGN Power Co., Ltd., Class A Shares | 16709 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 318000 | CGN Power Co., Ltd., Class H Shares(b)(c) | $104235 |
| 2400 | Changchun High-Tech Industry Group Co., Ltd., Class A Shares\* | 34734 |
| 3900 | Chaozhou Three-Circle Group Co., Ltd., Class A Shares | 17691 |
| 267000 | China CITIC Bank Corp., Ltd., Class H Shares(c) | 235005 |
| 61000 | China Coal Energy Co., Ltd., Class H Shares(c) | 68201 |
| 54000 | China Communications Services Corp., Ltd., Class H Shares(c) | 30940 |
| 21100 | China Construction Bank Corp., Class A Shares | 26439 |
| 5601224 | China Construction Bank Corp., Class H Shares(c) | 5008957 |
| 9900 | China CSSC Holdings Ltd., Class A Shares | 42152 |
| 27298 | China Eastern Airlines Corp., Ltd., Class A Shares\* | 15270 |
| 47400 | China Energy Engineering Corp., Ltd., Class A Shares | 14672 |
| 91612 | China Everbright Bank Co., Ltd., Class A Shares | 50500 |
| 114000 | China Everbright Bank Co., Ltd., Class H Shares(c) | 52780 |
| 92000 | China Feihe Ltd.(b) | 71227 |
| 12000 | China Galaxy Securities Co., Ltd., Class A Shares | 26342 |
| 98500 | China Galaxy Securities Co., Ltd., Class H Shares(c) | 95241 |
| 10800 | China Greatwall Technology Group Co., Ltd., Class A Shares\* | 21786 |
| 85000 | China Hongqiao Group Ltd. | 150867 |
| 10700 | China International Capital Corp., Ltd., Class A Shares | 49054 |
| 46400 | China International Capital Corp., Ltd., Class H Shares(b)(c) | 85984 |
| 7200 | China Jushi Co., Ltd., Class A Shares | 11284 |
| 5300 | China Life Insurance Co., Ltd., Class A Shares | 28171 |
| 215000 | China Life Insurance Co., Ltd., Class H Shares(c) | 434285 |
| 8800 | China Literature Ltd.\*(b) | 29877 |
| 80000 | China Longyuan Power Group Corp., Ltd., Class H Shares(c) | 66238 |
| 89000 | China Mengniu Dairy Co., Ltd. | 199682 |
| 35700 | China Merchants Bank Co., Ltd., Class A Shares | 214826 |
| 1055891 | China Merchants Bank Co., Ltd., Class H Shares(c) | 6552604 |
| 17000 | China Merchants Energy Shipping Co., Ltd., Class A Shares | 14242 |
| 13200 | China Merchants Expressway Network & Technology Holdings Co., Ltd., Class A Shares | 23204 |
| 9230 | China Merchants Securities Co., Ltd., Class A Shares | 20698 |
| 6520 | China Merchants Shekou Industrial Zone Holdings Co., Ltd., Class A Shares | 7851 |
| 55920 | China Minsheng Banking Corp., Ltd., Class A Shares | 33764 |
| 216700 | China Minsheng Banking Corp., Ltd., Class H Shares(c) | 111303 |
| 152000 | China National Building Material Co., Ltd., Class H Shares(c) | 67857 |
| 19300 | China National Chemical Engineering Co., Ltd., Class A Shares | 20683 |
| 34000 | China National Nuclear Power Co., Ltd., Class A Shares | 45178 |
| 2470 | China National Software & Service Co., Ltd., Class A Shares\* | 15057 |
| 5200 | China Northern Rare Earth Group High-Tech Co., Ltd., Class A Shares | 16793 |
| 44000 | China Oilfield Services Ltd., Class H Shares(c) | 35718 |
| 12500 | China Pacific Insurance Group Co., Ltd., Class A Shares | 59753 |
| 76200 | China Pacific Insurance Group Co., Ltd., Class H Shares(c) | 235974 |
| 43800 | China Petroleum & Chemical Corp., Class A Shares | 35143 |
| 714000 | China Petroleum & Chemical Corp., Class H Shares(c) | 384748 |
| 27800 | China Railway Group Ltd., Class A Shares | 21571 |
| 138000 | China Railway Group Ltd., Class H Shares(c) | 62285 |
| 22980 | China Railway Signal & Communication Corp., Ltd., Class A Shares | 16000 |
| 4498 | China Resources Microelectronics Ltd., Class A Shares | 29689 |
| 19800 | China Resources Mixc Lifestyle Services Ltd.(b) | 94267 |
| 44500 | China Resources Pharmaceutical Group Ltd.(b) | 29103 |
| 3720 | China Resources Sanjiu Medical & Pharmaceutical Co., Ltd., Class A Shares | 22156 |
| 13299 | China Shenhua Energy Co., Ltd., Class A Shares | 72966 |
| 95000 | China Shenhua Energy Co., Ltd., Class H Shares(c) | 400378 |
| 20400 | China Southern Airlines Co., Ltd., Class A Shares\* | 17238 |
| 57440 | China State Construction Engineering Corp., Ltd., Class A Shares | 45248 |
| 41600 | China Three Gorges Renewables Group Co., Ltd., Class A Shares | 24771 |
| 2535 | China Tourism Group Duty Free Corp., Ltd., Class A Shares | 21290 |
| 125600 | China Tower Corp., Ltd., Class H Shares(b)(c) | 185883 |
| 40000 | China United Network Communications Ltd., Class A Shares | 29764 |
| 15600 | China Vanke Co., Ltd., Class A Shares\* | 14362 |
| 43500 | China Vanke Co., Ltd., Class H Shares\*(c) | 28463 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 41900 | China Yangtze Power Co., Ltd., Class A Shares | $175597 |
| 52390 | China Zheshang Bank Co., Ltd., Class A Shares | 23416 |
| 1800 | Chongqing Brewery Co., Ltd., Class A Shares | 14426 |
| 16182 | Chongqing Changan Automobile Co., Ltd., Class A Shares\* | 27650 |
| 28000 | Chongqing Rural Commercial Bank Co., Ltd., Class A Shares | 28188 |
| 3000 | Chongqing Zhifei Biological Products Co., Ltd., Class A Shares | 7973 |
| 120000 | CITIC Ltd. | 150914 |
| 22565 | CITIC Securities Co., Ltd., Class A Shares | 79949 |
| 47925 | CITIC Securities Co., Ltd., Class H Shares(c) | 121532 |
| 26600 | CMOC Group Ltd., Class A Shares | 26599 |
| 123000 | CMOC Group Ltd., Class H Shares(c) | 97766 |
| 1820 | CNGR Advanced Material Co., Ltd., Class A Shares | 7851 |
| 16100 | CNPC Capital Co., Ltd., Class A Shares | 15113 |
| 88580 | Contemporary Amperex Technology Co., Ltd., Class A Shares | 3075402 |
| 700 | Contemporary Amperex Technology Co., Ltd., Class H Shares\*(c) | 27086 |
| 5300 | COSCO Shipping Energy Transportation Co., Ltd., Class A Shares | 7414 |
| 20320 | COSCO SHIPPING Holdings Co., Ltd., Class A Shares | 46250 |
| 80750 | COSCO SHIPPING Holdings Co., Ltd., Class H Shares(c) | 139476 |
| 51400 | CRRC Corp., Ltd., Class A Shares | 51377 |
| 109000 | CRRC Corp., Ltd., Class H Shares(c) | 69790 |
| 8700 | CSC Financial Co., Ltd., Class A Shares | 27753 |
| 2880 | CSPC Innovation Pharmaceutical Co., Ltd., Class A Shares | 20663 |
| 229120 | CSPC Pharmaceutical Group Ltd. | 234921 |
| 21700 | Daqin Railway Co., Ltd., Class A Shares | 20321 |
| 342200 | DaShenLin Pharmaceutical Group Co., Ltd., Class A Shares | 826589 |
| 2100 | Dong-E-E-Jiao Co., Ltd., Class A Shares | 15977 |
| 600 | Dongfang Electric Corp., Ltd., Class A Shares | 1327 |
| 27025 | East Money Information Co., Ltd., Class A Shares | 77378 |
| 33480 | Eastroc Beverage Group Co., Ltd., Class A Shares | 1485925 |
| 900 | Ecovacs Robotics Co., Ltd., Class A Shares | 6685 |
| 1300 | Empyrean Technology Co., Ltd., Class A Shares | 22931 |
| 23900 | ENN Energy Holdings Ltd. | 190311 |
| 298743 | ENN Natural Gas Co., Ltd., Class A Shares | 785689 |
| 2800 | Eoptolink Technology Inc. Ltd., Class A Shares | 34201 |
| 2581 | Eve Energy Co., Ltd., Class A Shares | 16096 |
| 7300 | Everbright Securities Co., Ltd., Class A Shares | 16490 |
| 4000 | Flat Glass Group Co., Ltd., Class A Shares | 7951 |
| 20800 | Focus Media Information Technology Co., Ltd., Class A Shares | 21572 |
| 9186 | Foshan Haitian Flavouring & Food Co., Ltd., Class A Shares | 56643 |
| 53500 | Fosun International Ltd. | 31140 |
| 17700 | Founder Securities Co., Ltd., Class A Shares | 18702 |
| 25800 | Foxconn Industrial Internet Co., Ltd., Class A Shares | 67848 |
| 135000 | Full Truck Alliance Co., Ltd., ADR | 1570050 |
| 4100 | Fuyao Glass Industry Group Co., Ltd., Class A Shares | 33002 |
| 16800 | Fuyao Glass Industry Group Co., Ltd., Class H Shares(b)(c) | 119588 |
| 3220 | Ganfeng Lithium Group Co., Ltd., Class A Shares | 13445 |
| 21800 | GD Power Development Co., Ltd., Class A Shares | 13809 |
| 15100 | GEM Co., Ltd., Class A Shares | 12663 |
| 26000 | Genscript Biotech Corp.\* | 42163 |
| 9000 | GF Securities Co., Ltd., Class A Shares | 20318 |
| 10400 | Giant Biogene Holding Co., Ltd.(b) | 93596 |
| 924 | Gigadevice Semiconductor Inc., Class A Shares\* | 14352 |
| 4300 | GoerTek Inc., Class A Shares | 12430 |
| 2700 | Goldwind Science & Technology Co., Ltd., Class A Shares | 3467 |
| 1595 | Goneo Group Co., Ltd., Class A Shares | 15676 |
| 2000 | Gotion High-tech Co., Ltd., Class A Shares | 6775 |
| 4100 | Great Wall Motor Co., Ltd., Class A Shares | 12824 |
| 68500 | Great Wall Motor Co., Ltd., Class H Shares\*(c) | 105566 |
| 104400 | Gree Electric Appliances Inc. of Zhuhai, Class A Shares | 671922 |
| 2200 | Guangdong Haid Group Co., Ltd., Class A Shares | 18489 |
| 7700 | Guanghui Energy Co., Ltd., Class A Shares | 6339 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 15100 | Guangzhou Automobile Group Co., Ltd., Class A Shares | $16184 |
| 2600 | Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd., Class A Shares | 9755 |
| 7900 | Guangzhou Haige Communications Group Inc. Co., Class A Shares | 14911 |
| 3220 | Guangzhou Tinci Materials Technology Co., Ltd., Class A Shares | 7504 |
| 3800 | Guolian Minsheng Securities Co., Ltd., Class A Shares | 5228 |
| 9400 | Guosen Securities Co., Ltd., Class A Shares | 14633 |
| 30178 | Guotai Haitong Securities Co., Ltd., Class A Shares | 71981 |
| 60864 | Guotai Haitong Securities Co., Ltd., Class H Shares(b)(c) | 85591 |
| 5900 | Guoyuan Securities Co., Ltd., Class A Shares | 6174 |
| 17542 | H World Group Ltd., ADR | 618706 |
| 44000 | Haidilao International Holding Ltd.(b) | 84147 |
| 13300 | Haier Smart Home Co., Ltd., Class A Shares | 46111 |
| 67800 | Haier Smart Home Co., Ltd., Class H Shares(c) | 197371 |
| 70600 | Hainan Airlines Holding Co., Ltd., Class A Shares\* | 13218 |
| 29200 | Hainan Airport Infrastructure Co., Ltd., Class A Shares\* | 13945 |
| 16000 | Haitian International Holdings Ltd. | 39025 |
| 4939 | Hangzhou First Applied Material Co., Ltd., Class A Shares | 8312 |
| 2700 | Hangzhou Silan Microelectronics Co., Ltd., Class A Shares\* | 8972 |
| 400 | Hangzhou Tigermed Consulting Co., Ltd., Class A Shares | 2752 |
| 38000 | Hansoh Pharmaceutical Group Co., Ltd.(b) | 124520 |
| 1600 | Henan Shenhuo Coal Industry & Electricity Power Co., Ltd., Class A Shares | 3668 |
| 5300 | Henan Shuanghui Investment & Development Co., Ltd., Class A Shares | 17902 |
| 289500 | Hengan International Group Co., Ltd. | 784636 |
| 10778 | Hengli Petrochemical Co., Ltd., Class A Shares\* | 22643 |
| 8200 | Hengtong Optic-electric Co., Ltd., Class A Shares | 17009 |
| 13000 | Hisense Home Appliances Group Co., Ltd., Class H Shares(c) | 42946 |
| 1399 | Hithink RoyalFlush Information Network Co., Ltd., Class A Shares | 48065 |
| 14100 | HLA Group Corp., Ltd., Class A Shares | 14022 |
| 900 | Hoshine Silicon Industry Co., Ltd., Class A Shares | 6107 |
| 21000 | Hua Hong Semiconductor Ltd.(b) | 84198 |
| 18400 | Huadian Power International Corp., Ltd., Class A Shares | 14924 |
| 1694 | Huadong Medicine Co., Ltd., Class A Shares | 10494 |
| 15100 | Huafon Chemical Co., Ltd., Class A Shares | 14130 |
| 3500 | Huagong Tech Co., Ltd., Class A Shares | 20481 |
| 7500 | Huaibei Mining Holdings Co., Ltd., Class A Shares | 12942 |
| 2260 | Hualan Biological Engineering Inc., Class A Shares | 5044 |
| 22500 | Huaneng Power International Inc., Class A Shares | 22580 |
| 114000 | Huaneng Power International Inc., Class H Shares(c) | 71896 |
| 2600 | Huaqin Technology Co., Ltd., Class A Shares | 23936 |
| 16000 | Huatai Securities Co., Ltd., Class A Shares | 37146 |
| 35800 | Huatai Securities Co., Ltd., Class H Shares(b)(c) | 60203 |
| 30500 | Huaxia Bank Co., Ltd., Class A Shares | 31881 |
| 289199 | Huayu Automotive Systems Co., Ltd., Class A Shares | 726703 |
| 1000 | Huizhou Desay Sv Automotive Co., Ltd., Class A Shares | 15290 |
| 3200 | Humanwell Healthcare Group Co., Ltd., Class A Shares | 9835 |
| 3785 | Hundsun Technologies Inc., Class A Shares | 13750 |
| 4476 | Hygon Information Technology Co., Ltd., Class A Shares(h) | 83707 |
| 4600 | IEIT Systems Co., Ltd., Class A Shares | 31110 |
| 3900 | Iflytek Co., Ltd., Class A Shares | 24826 |
| 560 | Imeik Technology Development Co., Ltd., Class A Shares | 13178 |
| 111300 | Industrial & Commercial Bank of China Ltd., Class A Shares | 109231 |
| 1972000 | Industrial & Commercial Bank of China Ltd., Class H Shares(c) | 1431110 |
| 39200 | Industrial Bank Co., Ltd., Class A Shares | 122960 |
| 19760 | Industrial Securities Co., Ltd., Class A Shares | 15773 |
| 800 | Ingenic Semiconductor Co., Ltd., Class A Shares\* | 7048 |
| 62900 | Inner Mongolia BaoTou Steel Union Co., Ltd., Class A Shares\* | 15154 |
| 7700 | Inner Mongolia Dian Tou Energy Corp., Ltd., Class A Shares(h) | 21156 |
| 16300 | Inner Mongolia Junzheng Energy & Chemical Industry Group Co., Ltd., Class A Shares | 11997 |
| 13600 | Inner Mongolia Yili Industrial Group Co., Ltd., Class A Shares | 57141 |
| 28100 | Inner Mongolia Yitai Coal Co., Ltd., Class B Shares | 57234 |
| 35000 | Innovent Biologics Inc.\*(b) | 275159 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 2200 | Isoftstone Information Technology Group Co., Ltd., Class A Shares | $15949 |
| 66200 | J&T Global Express Ltd.\* | 57257 |
| 4116 | JA Solar Technology Co., Ltd., Class A Shares\* | 5205 |
| 4000 | JCET Group Co., Ltd., Class A Shares | 17864 |
| 31900 | JD Health International Inc.\*(b) | 163378 |
| 57000 | JD Logistics Inc.\*(b) | 89661 |
| 68319 | JD.com Inc., ADR(a) | 2214219 |
| 88656 | JD.com Inc., Class A Shares | 1440021 |
| 7400 | Jiangsu Eastern Shenghong Co., Ltd., Class A Shares | 8732 |
| 46000 | Jiangsu Expressway Co., Ltd., Class H Shares(c) | 58538 |
| 1948 | Jiangsu Hengli Hydraulic Co., Ltd., Class A Shares | 18433 |
| 10301 | Jiangsu Hengrui Pharmaceuticals Co., Ltd., Class A Shares | 78088 |
| 3000 | Jiangsu King's Luck Brewery JSC Ltd., Class A Shares | 18360 |
| 1800 | Jiangsu Yanghe Distillery Co., Ltd., Class A Shares | 16415 |
| 3200 | Jiangsu Yuyue Medical Equipment & Supply Co., Ltd., Class A Shares | 16749 |
| 6200 | Jiangsu Zhongtian Technology Co., Ltd., Class A Shares | 11415 |
| 5300 | Jiangxi Copper Co., Ltd., Class A Shares | 15640 |
| 29000 | Jiangxi Copper Co., Ltd., Class H Shares(c) | 51453 |
| 9597 | Jinko Solar Co., Ltd., Class A Shares | 6930 |
| 1217 | Kangmei Pharmaceutical Co., Ltd., Class A Shares\*(d)# | 2 |
| 8284 | Kanzhun Ltd., ADR\* | 140497 |
| 113468 | KE Holdings Inc., ADR | 2094619 |
| 89000 | Kingdee International Software Group Co., Ltd.\* | 138475 |
| 27800 | Kingsoft Corp., Ltd. | 118432 |
| 77800 | Kuaishou Technology, Class B Shares\*(b) | 522940 |
| 3200 | Kuang-Chi Technologies Co., Ltd., Class A Shares | 19672 |
| 2800 | Kunlun Tech Co., Ltd., Class A Shares | 12921 |
| 2188 | Kweichow Moutai Co., Ltd., Class A Shares | 462275 |
| 6600 | LB Group Co., Ltd., Class A Shares | 15177 |
| 792000 | Lenovo Group Ltd. | 904329 |
| 9000 | Lens Technology Co., Ltd., Class A Shares | 25211 |
| 34706 | Li Auto Inc., Class A Shares\* | 493265 |
| 66500 | Li Ning Co., Ltd. | 126257 |
| 70500 | Liaoning Port Co., Ltd., Class A Shares | 14444 |
| 14500 | Lingyi iTech Guangdong Co., Class A Shares | 16152 |
| 51500 | Longfor Group Holdings Ltd.(b) | 64170 |
| 9072 | LONGi Green Energy Technology Co., Ltd., Class A Shares | 18114 |
| 1012 | Loongson Technology Corp., Ltd., Class A Shares\* | 18186 |
| 11038 | Luxshare Precision Industry Co., Ltd., Class A Shares | 46401 |
| 2000 | Luzhou Laojiao Co., Ltd., Class A Shares | 32415 |
| 3400 | Mango Excellent Media Co., Ltd., Class A Shares | 10520 |
| 864 | Maxscend Microelectronics Co., Ltd., Class A Shares | 8453 |
| 11300 | Meihua Holdings Group Co., Ltd., Class A Shares | 16418 |
| 388443 | Meituan, Class B Shares\*(b) | 6717916 |
| 36900 | Metallurgical Corp. of China Ltd., Class A Shares | 15008 |
| 108200 | Midea Group Co., Ltd., Class A Shares\* | 1184643 |
| 9400 | Midea Group Co., Ltd., Class H Shares\*(c) | 98308 |
| 12516 | MINISO Group Holding Ltd. | 53729 |
| 54000 | MINISO Group Holding Ltd., ADR(a) | 919080 |
| 1749 | Montage Technology Co., Ltd., Class A Shares | 18536 |
| 10086 | Muyuan Foods Co., Ltd., Class A Shares | 56570 |
| 16595 | NARI Technology Co., Ltd., Class A Shares | 51120 |
| 5493 | National Silicon Industry Group Co., Ltd., Class A Shares | 14080 |
| 800 | NAURA Technology Group Co., Ltd., Class A Shares | 46470 |
| 178825 | NetEase Inc. | 4351332 |
| 5400 | New China Life Insurance Co., Ltd., Class A Shares | 37621 |
| 28000 | New China Life Insurance Co., Ltd., Class H Shares(c) | 113374 |
| 6400 | New Hope Liuhe Co., Ltd., Class A Shares\* | 8512 |
| 40810 | New Oriental Education & Technology Group Inc. | 193910 |
| 3400 | Ninestar Corp., Class A Shares\* | 10183 |
| 2492 | Ningbo Deye Technology Co., Ltd., Class A Shares | 28404 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 2100 | Ningbo Orient Wires & Cables Co., Ltd., Class A Shares | $13876 |
| 4500 | Ningbo Sanxing Medical Electric Co., Ltd., Class A Shares | 13747 |
| 4160 | Ningbo Tuopu Group Co., Ltd., Class A Shares | 28359 |
| 10200 | Ningxia Baofeng Energy Group Co., Ltd., Class A Shares | 22661 |
| 47113 | NIO Inc., Class A Shares\* | 166417 |
| 56000 | Nongfu Spring Co., Ltd., Class H Shares(b)(c) | 272792 |
| 9000 | OFILM Group Co., Ltd., Class A Shares\* | 14674 |
| 1000 | Oppein Home Group Inc., Class A Shares | 8548 |
| 14464 | Orient Securities Co., Ltd., Class A Shares | 18735 |
| 24800 | People's Insurance Co. Group of China Ltd. (The), Class A Shares | 28428 |
| 243000 | People's Insurance Co. Group of China Ltd. (The), Class H Shares(c) | 157767 |
| 21700 | PetroChina Co., Ltd., Class A Shares | 24963 |
| 608000 | PetroChina Co., Ltd., Class H Shares(c) | 510605 |
| 2025 | Pharmaron Beijing Co., Ltd., Class A Shares | 6705 |
| 204000 | PICC Property & Casualty Co., Ltd., Class H Shares(c) | 386595 |
| 586880 | Ping An Bank Co., Ltd., Class A Shares | 941743 |
| 23000 | Ping An Insurance Group Co. of China Ltd., Class A Shares | 169871 |
| 803500 | Ping An Insurance Group Co. of China Ltd., Class H Shares(c) | 4694867 |
| 850 | Piotech Inc., Class A Shares | 17351 |
| 18000 | Poly Developments & Holdings Group Co., Ltd., Class A Shares | 20294 |
| 15600 | Pop Mart International Group Ltd.(b) | 435831 |
| 45300 | Postal Savings Bank of China Co., Ltd., Class A Shares | 33513 |
| 258000 | Postal Savings Bank of China Co., Ltd., Class H Shares(b)(c) | 167222 |
| 22300 | Power Construction Corp. of China Ltd., Class A Shares | 14597 |
| 105900 | Proya Cosmetics Co., Ltd., Class A Shares | 1305097 |
| 3759 | Qifu Technology Inc., ADR | 154495 |
| 8300 | Qinghai Salt Lake Industry Co., Ltd., Class A Shares\* | 18204 |
| 4000 | Range Intelligent Computing Technology Group Co., Ltd., Class A Shares | 23833 |
| 1100 | Rockchip Electronics Co., Ltd., Class A Shares | 21939 |
| 11850 | Rongsheng Petrochemical Co., Ltd., Class A Shares | 14107 |
| 11800 | SAIC Motor Corp., Ltd., Class A Shares | 26556 |
| 9500 | Sailun Group Co., Ltd., Class A Shares | 16520 |
| 6100 | Sanan Optoelectronics Co., Ltd., Class A Shares | 10494 |
| 18900 | Sany Heavy Industry Co., Ltd., Class A Shares | 49410 |
| 7247 | Satellite Chemical Co., Ltd., Class A Shares\* | 16788 |
| 20600 | SDIC Capital Co., Ltd., Class A Shares | 19900 |
| 14700 | SDIC Power Holdings Co., Ltd., Class A Shares | 31953 |
| 2700 | Seres Group Co., Ltd., Class A Shares | 50886 |
| 7700 | SF Holding Co., Ltd., Class A Shares | 49205 |
| 975 | SG Micro Corp., Class A Shares | 12477 |
| 16700 | Shaanxi Coal Industry Co., Ltd., Class A Shares | 48384 |
| 5500 | Shandong Gold Mining Co., Ltd., Class A Shares | 22904 |
| 28500 | Shandong Gold Mining Co., Ltd., Class H Shares(b)(c) | 88822 |
| 2250 | Shandong Hualu Hengsheng Chemical Co., Ltd., Class A Shares | 6505 |
| 14900 | Shandong Nanshan Aluminum Co., Ltd., Class A Shares | 7758 |
| 6800 | Shandong Sun Paper Industry JSC Ltd., Class A Shares | 13290 |
| 62400 | Shandong Weigao Group Medical Polymer Co., Ltd., Class H Shares(c) | 44368 |
| 1987 | Shanghai Baosight Software Co., Ltd., Class A Shares | 6887 |
| 19197 | Shanghai Baosight Software Co., Ltd., Class B Shares | 26535 |
| 637 | Shanghai BOCHU Electronic Technology Corp., Ltd., Class A Shares | 16667 |
| 23700 | Shanghai Electric Group Co., Ltd., Class A Shares\* | 24398 |
| 4000 | Shanghai Fosun Pharmaceutical Group Co., Ltd., Class A Shares | 14046 |
| 2000 | Shanghai International Airport Co., Ltd., Class A Shares | 8970 |
| 2200 | Shanghai M&G Stationery Inc., Class A Shares | 8994 |
| 2700 | Shanghai Pharmaceuticals Holding Co., Ltd., Class A Shares | 6891 |
| 56200 | Shanghai Pudong Development Bank Co., Ltd., Class A Shares | 96191 |
| 5102 | Shanghai Putailai New Energy Technology Co., Ltd., Class A Shares | 11095 |
| 15800 | Shanghai RAAS Blood Products Co., Ltd., Class A Shares | 14934 |
| 19600 | Shanghai Rural Commercial Bank Co., Ltd., Class A Shares | 24377 |
| 1498 | Shanghai United Imaging Healthcare Co., Ltd., Class A Shares | 28577 |
| 7100 | Shanjin International Gold Co., Ltd., Class A Shares | 19487 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 6100 | Shanxi Coking Coal Energy Group Co., Ltd., Class A Shares | $5098 |
| 7400 | Shanxi Lu'an Environmental Energy Development Co., Ltd., Class A Shares | 11033 |
| 2140 | Shanxi Xinghuacun Fen Wine Factory Co., Ltd., Class A Shares | 54687 |
| 18000 | Shenergy Co., Ltd., Class A Shares | 22424 |
| 4400 | Shengyi Technology Co., Ltd., Class A Shares | 16014 |
| 1638 | Shennan Circuits Co., Ltd., Class A Shares | 19158 |
| 48700 | Shenwan Hongyuan Group Co., Ltd., Class A Shares | 31930 |
| 299800 | Shenzhen Inovance Technology Co., Ltd., Class A Shares\* | 2726177 |
| 21800 | Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Class A Shares | 683578 |
| 1900 | Shenzhen New Industries Biomedical Engineering Co., Ltd., Class A Shares | 15824 |
| 1359 | Shenzhen Transsion Holdings Co., Ltd., Class A Shares | 13667 |
| 24200 | Shenzhou International Group Holdings Ltd. | 176441 |
| 12000 | Sichuan Chuantou Energy Co., Ltd., Class A Shares | 28060 |
| 4400 | Sichuan Kelun Pharmaceutical Co., Ltd., Class A Shares | 23506 |
| 17860 | Sichuan Road & Bridge Group Co., Ltd., Class A Shares | 22958 |
| 2300 | Sieyuan Electric Co., Ltd., Class A Shares | 22994 |
| 9000 | Silergy Corp | 103326 |
| 592972 | Sinopharm Group Co., Ltd., Class H Shares(c) | 1431804 |
| 16500 | Sinotruk Hong Kong Ltd. | 41496 |
| 55000 | Smoore International Holdings Ltd.(b) | 134934 |
| 2000 | Spring Airlines Co., Ltd., Class A Shares | 16301 |
| 3640 | Sungrow Power Supply Co., Ltd., Class A Shares | 30388 |
| 20200 | Sunny Optical Technology Group Co., Ltd.\* | 154506 |
| 2800 | Sunwoda Electronic Co., Ltd., Class A Shares\* | 7202 |
| 1653 | SUPCON Technology Co., Ltd., Class A Shares | 10065 |
| 5100 | Suzhou Dongshan Precision Manufacturing Co., Ltd., Class A Shares | 19858 |
| 1400 | Suzhou TFC Optical Communication Co., Ltd., Class A Shares | 15894 |
| 63074 | TAL Education Group, ADR\* | 620017 |
| 8060 | TBEA Co., Ltd., Class A Shares | 12957 |
| 20020 | TCL Technology Group Corp., Class A Shares | 11859 |
| 4875 | TCL Zhonghuan Renewable Energy Technology Co., Ltd., Class A Shares | 5114 |
| 455531 | Tencent Holdings Ltd. | 28713710 |
| 22113 | Tencent Music Entertainment Group, ADR | 372383 |
| 4300 | Tianqi Lithium Corp., Class A Shares | 17217 |
| 850000 | Tingyi Cayman Islands Holding Corp | 1392984 |
| 31600 | Tongcheng Travel Holdings Ltd | 89276 |
| 31900 | Tongling Nonferrous Metals Group Co., Ltd., Class A Shares | 14042 |
| 10300 | Tongwei Co., Ltd., Class A Shares | 23297 |
| 25000 | TravelSky Technology Ltd., Class H Shares(c) | 35587 |
| 6575 | Trina Solar Co., Ltd., Class A Shares | 12235 |
| 300 | Tsingtao Brewery Co., Ltd., Class A Shares | 3089 |
| 18000 | Tsingtao Brewery Co., Ltd., Class H Shares(c) | 124588 |
| 979 | Unigroup Guoxin Microelectronics Co., Ltd., Class A Shares | 8669 |
| 8160 | Unisplendour Corp., Ltd., Class A Shares | 27089 |
| 3400 | Victory Giant Technology Huizhou Co., Ltd., Class A Shares | 40562 |
| 10720 | Vipshop Holdings Ltd., ADR | 147829 |
| 4700 | Wanhua Chemical Group Co., Ltd., Class A Shares | 35372 |
| 12400 | Weichai Power Co., Ltd., Class A Shares | 25815 |
| 717200 | Weichai Power Co., Ltd., Class H Shares(c) | 1393905 |
| 7640 | Wens Foodstuff Group Co., Ltd., Class A Shares | 17655 |
| 8300 | Western Mining Co., Ltd., Class A Shares\* | 18212 |
| 11400 | Western Securities Co., Ltd., Class A Shares | 11728 |
| 2442 | Western Superconducting Technologies Co., Ltd., Class A Shares | 16819 |
| 1620 | Will Semiconductor Co., Ltd. Shanghai, Class A Shares | 27987 |
| 1600 | Wingtech Technology Co., Ltd., Class A Shares | 7542 |
| 2038 | Wuhan Guide Infrared Co., Ltd., Class A Shares\* | 2494 |
| 6600 | Wuliangye Yibin Co., Ltd., Class A Shares | 115839 |
| 6260 | WUS Printed Circuit Kunshan Co., Ltd., Class A Shares | 26941 |
| 3864 | WuXi AppTec Co., Ltd., Class A Shares | 33908 |
| 8748 | WuXi AppTec Co., Ltd., Class H Shares(b)(c) | 76081 |
| 98000 | Wuxi Biologics Cayman Inc.\*(b) | 309336 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **China - 24.2% - (continued)** | **China - 24.2% - (continued)** | **China - 24.2% - (continued)** |
| 22000 | XCMG Construction Machinery Co., Ltd., Class A Shares | $25118 |
| 483600 | Xiaomi Corp., Class B Shares\*(b) | 3122845 |
| 2778 | Xinjiang Daqo New Energy Co., Ltd., Class A Shares | 7411 |
| 112000 | Xinyi Solar Holdings Ltd. | 33858 |
| 36422 | XPeng Inc., Class A Shares\* | 351554 |
| 42000 | Yadea Group Holdings Ltd.(b) | 64004 |
| 10660 | Yankuang Energy Group Co., Ltd., Class A Shares | 19046 |
| 96700 | Yankuang Energy Group Co., Ltd., Class H Shares(c) | 114399 |
| 3700 | Yantai Jereh Oilfield Services Group Co., Ltd., Class A Shares | 17673 |
| 1470 | Yealink Network Technology Corp., Ltd., Class A Shares | 6887 |
| 3480 | Yifeng Pharmacy Chain Co., Ltd., Class A Shares | 12589 |
| 5300 | Yihai Kerry Arawana Holdings Co., Ltd., Class A Shares | 22277 |
| 5330 | Yonyou Network Technology Co., Ltd., Class A Shares\* | 9608 |
| 8200 | YTO Express Group Co., Ltd., Class A Shares | 15005 |
| 10987 | Yum China Holdings Inc. | 479583 |
| 7900 | Yunnan Aluminium Co., Ltd., Class A Shares | 16019 |
| 5000 | Yunnan Baiyao Group Co., Ltd., Class A Shares | 39200 |
| 1300 | Yunnan Energy New Material Co., Ltd., Class A Shares | 5016 |
| 7400 | Yunnan Yuntianhua Co., Ltd., Class A Shares | 22362 |
| 6100 | Yutong Bus Co., Ltd., Class A Shares | 20932 |
| 4000 | Zangge Mining Co., Ltd., Class A Shares | 20077 |
| 1600 | Zhangzhou Pientzehuang Pharmaceutical Co., Ltd., Class A Shares | 45319 |
| 49000 | Zhaojin Mining Industry Co., Ltd., Class H Shares(c) | 123778 |
| 2100 | Zhejiang Chint Electrics Co., Ltd., Class A Shares | 6371 |
| 6400 | Zhejiang Dahua Technology Co., Ltd., Class A Shares | 13485 |
| 61680 | Zhejiang Expressway Co., Ltd., Class H Shares(c) | 48766 |
| 2158 | Zhejiang Huayou Cobalt Co., Ltd., Class A Shares | 10010 |
| 1900 | Zhejiang Jingsheng Mechanical & Electrical Co., Ltd., Class A Shares | 7099 |
| 5900 | Zhejiang Juhua Co., Ltd., Class A Shares | 21705 |
| 14782 | Zhejiang Leapmotor Technology Co., Ltd.\*(b) | 103713 |
| 7200 | Zhejiang NHU Co., Ltd., Class A Shares | 21876 |
| 5500 | Zhejiang Sanhua Intelligent Controls Co., Ltd., Class A Shares | 19749 |
| 7000 | Zhejiang Wanfeng Auto Wheel Co., Ltd., Class A Shares | 15680 |
| 23800 | Zhejiang Zheneng Electric Power Co., Ltd., Class A Shares | 17675 |
| 7900 | Zheshang Securities Co., Ltd., Class A Shares | 11451 |
| 1820 | Zhongji Innolight Co., Ltd., Class A Shares | 23662 |
| 11600 | Zhongjin Gold Corp., Ltd., Class A Shares | 22455 |
| 28500 | Zhongsheng Group Holdings Ltd. | 42645 |
| 2300 | Zhongtai Securities Co., Ltd., Class A Shares | 1941 |
| 7397 | Zhuzhou CRRC Times Electric Co., Ltd., Class A Shares | 44981 |
| 11200 | Zhuzhou CRRC Times Electric Co., Ltd., Class H Shares(c) | 47571 |
| 33400 | Zijin Mining Group Co., Ltd., Class A Shares | 82118 |
| 164000 | Zijin Mining Group Co., Ltd., Class H Shares(c) | 365276 |
| 13200 | Zoomlion Heavy Industry Science & Technology Co., Ltd., Class A Shares | 13042 |
| 3100 | ZTE Corp., Class A Shares | 13331 |
| 18000 | ZTE Corp., Class H Shares(c) | 50208 |
| 12405 | ZTO Express Cayman Inc. | 218838 |
|  | Total China | 141376886 |
|  **Colombia - 0.0%@** | **Colombia - 0.0%@** | **Colombia - 0.0%@** |
| 6956 | Grupo Cibest SA | 81697 |
| 12422 | Interconexion Electrica SA ESP | 57760 |
|  | Total Colombia | 139457 |
|  **Cyprus - 0.0%@** | **Cyprus - 0.0%@** | **Cyprus - 0.0%@** |
| 2925 | TCS Group Holding PLC, Class Registered Shares, GDR\*(d)# |  |
|  **Czech Republic - 0.1%** | **Czech Republic - 0.1%** | **Czech Republic - 0.1%** |
| 4692 | CEZ AS | 258266 |
| 2012 | Komercni Banka AS | 92929 |
| 10147 | Moneta Money Bank AS(b) | 66231 |
|  | Total Czech Republic | 417426 |
|  **Egypt - 0.2%** | **Egypt - 0.2%** | **Egypt - 0.2%** |
| 55480 | Commercial International Bank - Egypt (CIB) | 92374 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Egypt - 0.2% - (continued)** | **Egypt - 0.2% - (continued)** | **Egypt - 0.2% - (continued)** |
| 819550 | Commercial International Bank - Egypt (CIB), Class Registered Shares, GDR | $1311467 |
| 30598 | Eastern Co. SAE | 20507 |
|  | Total Egypt | 1424348 |
|  **Greece - 1.1%** | **Greece - 1.1%** | **Greece - 1.1%** |
| 75290 | Alpha Services & Holdings SA | 242329 |
| 380102 | Eurobank Ergasias Services & Holdings SA | 1172582 |
| 1594 | FF Group\*(d)# |  |
| 4184 | Hellenic Telecommunications Organization SA | 80771 |
| 3520 | JUMBO SA | 114461 |
| 15879 | Metlen Energy & Metals SA | 806795 |
| 136102 | National Bank of Greece SA | 1624597 |
| 32494 | OPAP SA | 699931 |
| 217101 | Piraeus Financial Holdings SA | 1449657 |
| 5371 | Public Power Corp. SA | 82088 |
|  | Total Greece | 6273211 |
|  **Hong Kong - 1.3%** | **Hong Kong - 1.3%** | **Hong Kong - 1.3%** |
| 273400 | AIA Group Ltd. | 2270107 |
| 164000 | Alibaba Health Information Technology Ltd.\*(a) | 93869 |
| 11000 | Beijing Enterprises Holdings Ltd. | 46060 |
| 78000 | Beijing Enterprises Water Group Ltd. | 25587 |
| 110000 | Bosideng International Holdings Ltd. | 61500 |
| 28000 | C&D International Investment Group Ltd. | 50021 |
| 64800 | China Gas Holdings Ltd. | 58969 |
| 809000 | China Medical System Holdings Ltd. | 1102442 |
| 29538 | China Merchants Port Holdings Co., Ltd. | 56828 |
| 110500 | China Overseas Land & Investment Ltd. | 185202 |
| 131000 | China Power International Development Ltd. | 53466 |
| 46500 | China Resources Beer Holdings Co., Ltd. | 146869 |
| 27600 | China Resources Gas Group Ltd. | 73125 |
| 87000 | China Resources Land Ltd. | 282683 |
| 64000 | China Resources Power Holdings Co., Ltd. | 165900 |
| 208000 | China Ruyi Holdings Ltd.\* | 54088 |
| 58000 | China State Construction International Holdings Ltd. | 81530 |
| 35800 | China Taiping Insurance Holdings Co., Ltd. | 54546 |
| 51000 | Chow Tai Fook Jewellery Group Ltd. | 72060 |
| 50000 | Far East Horizon Ltd. | 38645 |
| 165000 | Galaxy Entertainment Group Ltd | 697936 |
| 707000 | GCL Technology Holdings Ltd.\* | 73955 |
| 175000 | Geely Automobile Holdings Ltd. | 390181 |
| 96000 | Guangdong Investment Ltd. | 77940 |
| 116000 | Kunlun Energy Co., Ltd. | 115645 |
| 5000 | Orient Overseas International Ltd. | 85607 |
| 297750 | Sino Biopharmaceutical Ltd. | 167743 |
| 1495000 | Want Want China Holdings Ltd. | 960081 |
|  | Total Hong Kong | 7542585 |
|  **Hungary - 0.9%** | **Hungary - 0.9%** | **Hungary - 0.9%** |
| 125718 | MOL Hungarian Oil & Gas PLC\* | 1087784 |
| 52646 | OTP Bank Nyrt | 3996279 |
| 3969 | Richter Gedeon Nyrt | 115552 |
|  | Total Hungary | 5199615 |
|  **India - 18.2%** | **India - 18.2%** | **India - 18.2%** |
| 1569 | ABB India Ltd. | 109596 |
| 4372 | Adani Enterprises Ltd. | 128859 |
| 14607 | Adani Ports & Special Economic Zone Ltd. | 244821 |
| 19316 | Adani Power Ltd.\* | 122874 |
| 355000 | Aditya Birla Capital Ltd.\* | 921853 |
| 1166 | Alkem Laboratories Ltd. | 69476 |
| 14916 | Ambuja Cements Ltd. | 96569 |
| 4996 | APL Apollo Tubes Ltd. | 105872 |
| 52394 | Apollo Hospitals Enterprise Ltd. | 4219006 |
| 39500 | Ashok Leyland Ltd. | 109086 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **India - 18.2% - (continued)** | **India - 18.2% - (continued)** | **India - 18.2% - (continued)** |
| 10900 | Asian Paints Ltd. | $287830 |
| 3407 | Astral Ltd. | 59862 |
| 10537 | AU Small Finance Bank Ltd.(b) | 85536 |
| 7814 | Aurobindo Pharma Ltd.\* | 104987 |
| 4548 | Avenue Supermarts Ltd.\*(b) | 212765 |
| 116994 | Axis Bank Ltd. | 1628477 |
| 1870 | Bajaj Auto Ltd. | 188090 |
| 8048 | Bajaj Finance Ltd. | 860512 |
| 10904 | Bajaj Finserv Ltd. | 257295 |
| 806 | Bajaj Holdings & Investment Ltd. | 126456 |
| 2232 | Balkrishna Industries Ltd. | 64473 |
| 28101 | Bank of Baroda | 82318 |
| 102639 | Bharat Electronics Ltd. | 461770 |
| 7210 | Bharat Forge Ltd. | 104514 |
| 26158 | Bharat Heavy Electricals Ltd. | 79590 |
| 41676 | Bharat Petroleum Corp., Ltd. | 154764 |
| 74057 | Bharti Airtel Ltd. | 1606763 |
| 198 | Bosch Ltd. | 72677 |
| 3124 | Britannia Industries Ltd. | 200560 |
| 3360 | BSE Ltd. | 105531 |
| 47609 | Canara Bank | 63907 |
| 18240 | CG Power & Industrial Solutions Ltd. | 145733 |
| 92701 | Cholamandalam Investment & Finance Co., Ltd. | 1734241 |
| 15646 | Cipla Ltd. | 267996 |
| 53365 | Coal India Ltd. | 248012 |
| 4130 | Colgate-Palmolive India Ltd. | 118563 |
| 6095 | Container Corp. Of India Ltd. | 55925 |
| 3103 | Coromandel International Ltd. | 83064 |
| 4282 | Cummins India Ltd. | 163677 |
| 16912 | Dabur India Ltd. | 95525 |
| 130000 | Delhivery Ltd.\* | 545182 |
| 3468 | Divi's Laboratories Ltd. | 267990 |
| 1017 | Dixon Technologies India Ltd. | 174760 |
| 20976 | DLF Ltd. | 195486 |
| 17745 | Dr Reddy's Laboratories Ltd. | 259478 |
| 3935 | Eicher Motors Ltd. | 246076 |
| 139483 | Eternal Ltd.\* | 388368 |
| 20203 | FSN E-Commerce Ventures Ltd.\* | 48015 |
| 61646 | GAIL India Ltd. | 136869 |
| 94009 | GMR Airports Ltd.\* | 92454 |
| 12040 | Godrej Consumer Products Ltd. | 173281 |
| 4526 | Godrej Properties Ltd.\* | 118789 |
| 8058 | Grasim Industries Ltd. | 238829 |
| 7976 | Havells India Ltd. | 142430 |
| 27685 | HCL Technologies Ltd. | 529961 |
| 2494 | HDFC Asset Management Co., Ltd.(b) | 139799 |
| 216895 | HDFC Bank Ltd.\* | 4924106 |
| 140153 | HDFC Bank Ltd., ADR | 10566135 |
| 27988 | HDFC Life Insurance Co., Ltd.(b) | 254318 |
| 3472 | Hero MotoCorp Ltd. | 174996 |
| 39027 | Hindalco Industries Ltd. | 289210 |
| 5612 | Hindustan Aeronautics Ltd. | 326536 |
| 25257 | Hindustan Petroleum Corp., Ltd. | 121427 |
| 23786 | Hindustan Unilever Ltd. | 653007 |
| 4546 | Hyundai Motor India Ltd.\* | 98152 |
| 152134 | ICICI Bank Ltd. | 2582716 |
| 202725 | ICICI Bank Ltd., ADR | 6941304 |
| 7010 | ICICI Lombard General Insurance Co., Ltd.(b) | 153657 |
| 10058 | ICICI Prudential Life Insurance Co., Ltd.(b) | 77920 |
| 119973 | IDFC First Bank Ltd.\* | 95386 |
| 23869 | Indian Hotels Co., Ltd. (The), Class A Shares | 214415 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **India - 18.2% - (continued)** | **India - 18.2% - (continued)** | **India - 18.2% - (continued)** |
| 75308 | Indian Oil Corp., Ltd. | $125052 |
| 7982 | Indian Railway Catering & Tourism Corp., Ltd. | 70671 |
| 446537 | Indus Towers Ltd.\* | 2006358 |
| 16128 | IndusInd Bank Ltd. | 154765 |
| 9925 | Info Edge India Ltd. | 165737 |
| 95970 | Infosys Ltd. | 1754266 |
| 5671 | InterGlobe Aviation Ltd.\*(b) | 353538 |
| 88487 | ITC Ltd. | 432433 |
| 8783 | Jindal Stainless Ltd. | 66247 |
| 11170 | Jindal Steel & Power Ltd. | 123784 |
| 454575 | Jio Financial Services Ltd.\* | 1524226 |
| 12171 | JSW Energy Ltd.\* | 69547 |
| 17171 | JSW Steel Ltd. | 199552 |
| 11798 | Jubilant Foodworks Ltd. | 90494 |
| 11490 | Kalyan Jewellers India Ltd. | 75314 |
| 21500 | KEI Industries Ltd. | 907902 |
| 153184 | Kotak Mahindra Bank Ltd. | 3721630 |
| 33967 | Larsen & Toubro Ltd. | 1460017 |
| 422000 | Lemon Tree Hotels Ltd.\*(b) | 689245 |
| 2225 | LTIMindtree Ltd.(b) | 131929 |
| 6483 | Lupin Ltd. | 148302 |
| 8287 | Macrotech Developers Ltd.(b) | 138003 |
| 118616 | Mahindra & Mahindra Ltd. | 4121780 |
| 11851 | MakeMyTrip Ltd.\* | 1204417 |
| 3608 | Mankind Pharma Ltd.\* | 103970 |
| 14859 | Marico Ltd. | 124409 |
| 3672 | Maruti Suzuki India Ltd. | 529686 |
| 22101 | Max Healthcare Institute Ltd. | 291940 |
| 3048 | Mphasis Ltd. | 91247 |
| 71 | MRF Ltd. | 115297 |
| 3203 | Muthoot Finance Ltd. | 83003 |
| 9749 | Nestle India Ltd. | 272795 |
| 103946 | NHPC Ltd. | 106284 |
| 106309 | NMDC Ltd. | 88506 |
| 126785 | NTPC Ltd. | 495173 |
| 78545 | Oberoi Realty Ltd. | 1596986 |
| 92535 | Oil & Natural Gas Corp., Ltd. | 258895 |
| 13625 | Oil India Ltd. | 68056 |
| 553 | Oracle Financial Services Software Ltd. | 54737 |
| 185 | Page Industries Ltd. | 99892 |
| 10276 | PB Fintech Ltd.\* | 210140 |
| 3171 | Persistent Systems Ltd. | 209148 |
| 23014 | Petronet LNG Ltd. | 82818 |
| 118085 | Phoenix Mills Ltd. (The) | 2128554 |
| 2152 | PI Industries Ltd. | 96162 |
| 4399 | Pidilite Industries Ltd. | 159782 |
| 1425 | Polycab India Ltd. | 99849 |
| 42380 | Power Finance Corp., Ltd. | 201598 |
| 134393 | Power Grid Corp. of India Ltd. | 455404 |
| 6043 | Prestige Estates Projects Ltd. | 103837 |
| 76677 | Punjab National Bank | 94883 |
| 12011 | Rail Vikas Nigam Ltd. | 56999 |
| 37082 | REC Ltd. | 174543 |
| 676569 | Reliance Industries Ltd. | 11243655 |
| 88201 | Samvardhana Motherson International Ltd. | 157563 |
| 10224 | SBI Cards & Payment Services Ltd. | 110137 |
| 12752 | SBI Life Insurance Co., Ltd.(b) | 270293 |
| 275 | Shree Cement Ltd. | 95494 |
| 42216 | Shriram Finance Ltd. | 315714 |
| 2571 | Siemens Energy India Ltd.\*(h) | 74497 |
| 2571 | Siemens Ltd. | 97937 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **India - 18.2% - (continued)** | **India - 18.2% - (continued)** | **India - 18.2% - (continued)** |
| 790 | Solar Industries India Ltd. | $148280 |
| 12906 | Sona Blw Precision Forgings Ltd.(b) | 82130 |
| 3892 | SRF Ltd. | 130135 |
| 52302 | State Bank of India | 496885 |
| 27062 | Sun Pharmaceutical Industries Ltd. | 529787 |
| 2112 | Sundaram Finance Ltd. | 126802 |
| 1866 | Supreme Industries Ltd. | 90503 |
| 288923 | Suzlon Energy Ltd.\* | 241660 |
| 3941 | Tata Communications Ltd. | 77266 |
| 95841 | Tata Consultancy Services Ltd | 3882532 |
| 16854 | Tata Consumer Products Ltd. | 218480 |
| 865 | Tata Elxsi Ltd. | 65151 |
| 59203 | Tata Motors Ltd. | 498316 |
| 44189 | Tata Power Co., Ltd. (The) | 203038 |
| 223618 | Tata Steel Ltd. | 421243 |
| 14873 | Tech Mahindra Ltd. | 273661 |
| 1209 | Thermax Ltd. | 48098 |
| 114056 | Titan Co., Ltd. | 4735372 |
| 3612 | Torrent Pharmaceuticals Ltd. | 133842 |
| 5829 | Torrent Power Ltd. | 93688 |
| 5334 | Trent Ltd.\* | 350611 |
| 3306 | Tube Investments of India Ltd. | 118423 |
| 6684 | TVS Motor Co., Ltd. | 218472 |
| 22782 | UltraTech Cement Ltd. | 2986888 |
| 37122 | Union Bank of India Ltd. | 63832 |
| 9159 | United Spirits Ltd. | 163793 |
| 156978 | UPL Ltd. | 1153785 |
| 37839 | Varun Beverages Ltd. | 210472 |
| 41844 | Vedanta Ltd. | 213198 |
| 683511 | Vodafone Idea Ltd.\* | 55325 |
| 7259 | Voltas Ltd. | 106537 |
| 72562 | Wipro Ltd. | 211929 |
| 394970 | Yes Bank Ltd.\* | 99245 |
| 7268 | Zydus Lifesciences Ltd. | 78655 |
|  | Total India | 106103603 |
|  **Indonesia - 1.8%** | **Indonesia - 1.8%** | **Indonesia - 1.8%** |
| 401700 | Alamtri Resources Indonesia Tbk PT | 54220 |
| 170900 | Amman Mineral Internasional PT\* | 72386 |
| 3469200 | Astra International Tbk PT | 1032557 |
| 1602700 | Bank Central Asia Tbk PT | 922443 |
| 4467448 | Bank Mandiri Persero Tbk PT | 1451675 |
| 4983800 | Bank Negara Indonesia Persero Tbk PT | 1368847 |
| 11552424 | Bank Rakyat Indonesia Persero Tbk PT | 3144202 |
| 560447 | Barito Pacific Tbk PT | 43213 |
| 177900 | Chandra Asri Pacific Tbk PT\* | 101867 |
| 243100 | Charoen Pokphand Indonesia Tbk PT | 72063 |
| 27884300 | GoTo Gojek Tokopedia Tbk PT, Class A Shares\* | 109208 |
| 74900 | Indofood CBP Sukses Makmur Tbk PT | 50059 |
| 162900 | Indofood Sukses Makmur Tbk PT | 78640 |
| 727000 | Kalbe Farma Tbk PT\* | 67502 |
| 564000 | Sumber Alfaria Trijaya Tbk PT\* | 84143 |
| 1379687 | Telkom Indonesia Persero Tbk PT\* | 238371 |
| 64001 | Telkom Indonesia Persero Tbk PT, ADR\* | 1097617 |
| 421300 | United Tractors Tbk PT | 579123 |
|  | Total Indonesia | 10568136 |
|  **Ireland - 0.5%** | **Ireland - 0.5%** | **Ireland - 0.5%** |
| 31965 | PDD Holdings Inc., ADR\* | 3084942 |
|  **Kazakhstan - 0.3%** | **Kazakhstan - 0.3%** | **Kazakhstan - 0.3%** |
| 24000 | Kaspi.KZ JSC, ADR | 1914360 |
|  **Kuwait - 0.3%** | **Kuwait - 0.3%** | **Kuwait - 0.3%** |
| 45974 | Boubyan Bank KSCP | 100749 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Kuwait - 0.3% - (continued)** | **Kuwait - 0.3% - (continued)** | **Kuwait - 0.3% - (continued)** |
| 51115 | Gulf Bank KSCP | $55699 |
| 319529 | Kuwait Finance House KSCP | 781262 |
| 31451 | Mabanee Co., KPSC | 85908 |
| 62567 | Mobile Telecommunications Co., KSCP | 97122 |
| 239956 | National Bank of Kuwait SAKP | 748764 |
|  | Total Kuwait | 1869504 |
|  **Luxembourg - 0.3%** | **Luxembourg - 0.3%** | **Luxembourg - 0.3%** |
| 7411 | Globant SA\*(a) | 726945 |
| 4054 | Reinet Investments SCA | 110014 |
| 21284 | Ternium SA, ADR | 582756 |
| 8392 | Zabka Group SA\* | 50719 |
|  | Total Luxembourg | 1470434 |
|  **Malaysia - 0.5%** | **Malaysia - 0.5%** | **Malaysia - 0.5%** |
| 66500 | AMMB Holdings Bhd | 81878 |
| 59300 | Axiata Group Bhd | 28565 |
| 114300 | CELCOMDIGI BHD | 99754 |
| 225207 | CIMB Group Holdings Bhd | 364493 |
| 135700 | Gamuda Bhd | 145741 |
| 74000 | Genting Bhd | 52165 |
| 15800 | Hong Leong Bank Bhd | 72687 |
| 64800 | IHH Healthcare Bhd | 105048 |
| 56900 | IOI Corp. Bhd | 48127 |
| 16400 | Kuala Lumpur Kepong Bhd | 74964 |
| 157209 | Malayan Banking Bhd | 360195 |
| 57900 | Maxis Bhd | 48022 |
| 66300 | MISC Bhd | 116955 |
| 103300 | MR DIY Group M Bhd(b) | 38351 |
| 3100 | Nestle Malaysia Bhd | 57203 |
| 72100 | Petronas Chemicals Group Bhd | 57947 |
| 8600 | Petronas Dagangan Bhd | 39750 |
| 23900 | Petronas Gas Bhd | 100851 |
| 18200 | PPB Group Bhd | 48114 |
| 115400 | Press Metal Aluminium Holdings Bhd | 135934 |
| 405500 | Public Bank Bhd | 410643 |
| 47250 | QL Resources Bhd | 49920 |
| 38400 | RHB Bank Bhd | 57833 |
| 56800 | SD Guthrie Bhd | 59650 |
| 77600 | Sime Darby Bhd | 30996 |
| 81500 | Sunway Bhd | 90966 |
| 31400 | Telekom Malaysia Bhd | 48177 |
| 81000 | Tenaga Nasional Bhd | 266449 |
| 82800 | YTL Corp. Bhd | 35415 |
| 61300 | YTL Power International Bhd | 46101 |
|  | Total Malaysia | 3172894 |
|  **Mexico - 2.9%** | **Mexico - 2.9%** | **Mexico - 2.9%** |
| 109459 | Alfa SAB de CV, Class A Shares | 85329 |
| 67295 | America Movil SAB de CV, ADR | 1137286 |
| 577096 | America Movil SAB de CV, Series B | 486471 |
| 16111 | Arca Continental SAB de CV | 177342 |
| 21000 | BBB Foods Inc., Class A Shares\* | 606060 |
| 134493 | Cemex SAB de CV, ADR | 921277 |
| 14849 | Coca-Cola Femsa SAB de CV | 140391 |
| 75717 | Fibra Uno Administracion SA de CV, REIT | 105870 |
| 51181 | Fomento Economico Mexicano SAB de CV | 543717 |
| 5792 | Gruma SAB de CV, Class B Shares | 108982 |
| 7753 | Grupo Aeroportuario del Centro Norte SAB de CV, Class B Shares | 95802 |
| 5393 | Grupo Aeroportuario del Pacifico SAB de CV, ADR | 1238934 |
| 10998 | Grupo Aeroportuario del Pacifico SAB de CV, Class B Shares | 252708 |
| 5233 | Grupo Aeroportuario del Sureste SAB de CV, Class B Shares | 167942 |
| 34834 | Grupo Bimbo SAB de CV, Series A | 97430 |
| 18121 | Grupo Carso SAB de CV, Series A1 | 115224 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Mexico - 2.9% - (continued)** | **Mexico - 2.9% - (continued)** | **Mexico - 2.9% - (continued)** |
| 10056 | Grupo Comercial Chedraui SA de CV | $73622 |
| 498975 | Grupo Financiero Banorte SAB de CV, Class O Shares | 4425363 |
| 55152 | Grupo Financiero Inbursa SAB de CV, Class O Shares | 139047 |
| 226760 | Grupo México SAB de CV, Series B | 1253059 |
| 5497 | Industrias Peñoles SAB de CV\* | 116054 |
| 486757 | Kimberly-Clark de México SAB de CV, Class A Shares | 868319 |
| 28252 | Prologis Property Mexico SA de CV, REIT | 107788 |
| 5386 | Promotora y Operadora de Infraestructura SAB de CV | 60675 |
| 5595 | Qualitas Controladora SAB de CV | 60003 |
| 151000 | Regional SAB de CV | 1174237 |
| 709788 | Wal-Mart de Mexico SAB de CV | 2318283 |
|  | Total Mexico | 16877215 |
|  **Netherlands - 0.5%** | **Netherlands - 0.5%** | **Netherlands - 0.5%** |
| 16911 | NEPI Rockcastle NV\* | 130058 |
| 50000 | Prosus NV\* | 2570978 |
|  | Total Netherlands | 2701036 |
|  **Peru - 0.3%** | **Peru - 0.3%** | **Peru - 0.3%** |
| 4250 | Cia de Minas Buenaventura SAA, ADR | 63665 |
| 7499 | Credicorp Ltd. | 1588363 |
|  | Total Peru | 1652028 |
|  **Philippines - 0.7%** | **Philippines - 0.7%** | **Philippines - 0.7%** |
| 7250 | Ayala Corp. | 75482 |
| 939160 | Ayala Land Inc. | 387865 |
| 62306 | Bank of the Philippine Islands | 154314 |
| 68164 | BDO Unibank Inc. | 194838 |
| 382760 | International Container Terminal Services Inc. | 2823306 |
| 14290 | Jollibee Foods Corp. | 57236 |
| 9080 | Manila Electric Co. | 89679 |
| 55726 | Metropolitan Bank & Trust Co. | 73499 |
| 2295 | PLDT Inc. | 50033 |
| 6120 | SM Investments Corp. | 91617 |
| 259400 | SM Prime Holdings Inc. | 104896 |
|  | Total Philippines | 4102765 |
|  **Poland - 1.2%** | **Poland - 1.2%** | **Poland - 1.2%** |
| 16220 | Allegro.eu SA\*(b) | 149363 |
| 5322 | Bank Polska Kasa Opieki SA | 262373 |
| 324 | Budimex SA\* | 54001 |
| 397 | CCC SA\* | 23166 |
| 1723 | CD Projekt SA | 102157 |
| 10200 | Diagnostyka SA\* | 460076 |
| 1507 | Dino Polska SA\*(b) | 221361 |
| 77500 | InPost SA\* | 1274902 |
| 4925 | KGHM Polska Miedz SA | 161895 |
| 30 | LPP SA | 115667 |
| 371 | mBank SA\* | 81355 |
| 17948 | ORLEN SA | 352796 |
| 32962 | PGE Polska Grupa Energetyczna SA\* | 82284 |
| 169795 | Powszechna Kasa Oszczednosci Bank Polski SA | 3418172 |
| 17818 | Powszechny Zaklad Ubezpieczen SA | 291446 |
| 1070 | Santander Bank Polska SA | 143246 |
|  | Total Poland | 7194260 |
|  **Qatar - 0.3%** | **Qatar - 0.3%** | **Qatar - 0.3%** |
| 185855 | Al Rayan Bank | 114236 |
| 58133 | Barwa Real Estate Co. | 45912 |
| 87760 | Commercial Bank PSQC (The) | 110579 |
| 50646 | Dukhan Bank | 49973 |
| 44158 | Industries Qatar QSC | 143261 |
| 113710 | Mesaieed Petrochemical Holding Co. | 41534 |
| 19838 | Ooredoo QPSC | 67131 |
| 14392 | Qatar Electricity & Water Co. QSC | 62521 |
| 16292 | Qatar Fuel QSC | 66962 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Qatar - 0.3% - (continued)** | **Qatar - 0.3% - (continued)** | **Qatar - 0.3% - (continued)** |
| 82215 | Qatar Gas Transport Co., Ltd. | $107994 |
| 35539 | Qatar International Islamic Bank QSC | 102224 |
| 49366 | Qatar Islamic Bank QPSC | 286242 |
| 133971 | Qatar National Bank QPSC | 621736 |
|  | Total Qatar | 1820305 |
|  **Russia - 0.0%@** | **Russia - 0.0%@** | **Russia - 0.0%@** |
| 64081 | Alrosa PJSC(d)# | 641 |
| 24130 | Mobile TeleSystems PJSC(d)# | 241 |
| 135663 | Mobile TeleSystems PJSC, ADR\*(d)# | 1357 |
| 39065 | Moscow Exchange MICEX-RTS PJSC(d)# | 391 |
| 1593 | Ozon Holdings PLC, ADR\*(d)# |  |
| 19 | PhosAgro PJSC, Class Registered Shares, GDR\*(d)# |  |
| 8690 | Polyus PJSC\*(d)# | 87 |
| 28885 | Rosneft Oil Co. PJSC(d)# | 289 |
| 891342 | Sberbank of Russia PJSC, (Cost - $1,699,436, acquired 8/10/15)(d)(e)# | 8913 |
| 5523 | Severstal PAO(d)# | 55 |
| 88972 | United Co. RUSAL International PJSC\*(d)# | 12 |
| 2330 | VK IPJSC, GDR\*(d)# |  |
| 12017 | VTB Bank PJSC(d)# | 2 |
| 3377 | X5 Retail Group NV, Class Registered Shares, GDR\*(d)# |  |
|  | Total Russia | 11988 |
|  **Saudi Arabia - 3.0%** | **Saudi Arabia - 3.0%** | **Saudi Arabia - 3.0%** |
| 4239 | ACWA Power Co.\* | 292056 |
| 8788 | Ades Holding Co. | 32708 |
| 225948 | Al Rajhi Bank | 5497655 |
| 870 | Al Rajhi Co. for Co.-operative Insurance\* | 26279 |
| 35531 | Alinma Bank | 245438 |
| 14157 | Almarai Co. JSC | 193306 |
| 25374 | Arab National Bank | 146187 |
| 773 | Arabian Internet & Communications Services Co. | 53896 |
| 21510 | Bank AlBilad | 148548 |
| 18653 | Bank Al-Jazira\* | 63427 |
| 36408 | Banque Saudi Fransi | 167216 |
| 2413 | Bupa Arabia for Cooperative Insurance Co. | 107849 |
| 1876 | Co. for Cooperative Insurance (The) | 69115 |
| 891 | Dallah Healthcare Co. | 28119 |
| 15526 | Dar Al Arkan Real Estate Development Co.\* | 82771 |
| 36317 | Dr Sulaiman Al Habib Medical Services Group Co. | 2530383 |
| 700 | Elm Co. | 190050 |
| 108508 | Etihad Etisalat Co. | 1713485 |
| 5255 | Jabal Omar Development Co.\*(d) | 30088 |
| 15972 | Jarir Marketing Co. | 54711 |
| 855 | Makkah Construction & Development Co.(d) | 22013 |
| 3443 | Mouwasat Medical Services Co. | 66845 |
| 1521 | Nahdi Medical Co. | 49399 |
| 43029 | Riyad Bank | 332427 |
| 6876 | SABIC Agri-Nutrients Co. | 175347 |
| 8982 | Sahara International Petrochemical Co. | 45263 |
| 809 | SAL Saudi Logistics Services | 38426 |
| 38453 | Saudi Arabian Mining Co.\* | 521479 |
| 167798 | Saudi Arabian Oil Co.(b) | 1118309 |
| 1248 | Saudi Aramco Base Oil Co. | 33084 |
| 29646 | Saudi Awwal Bank | 266117 |
| 25470 | Saudi Basic Industries Corp. | 377386 |
| 25347 | Saudi Electricity Co. | 95597 |
| 7851 | Saudi Industrial Investment Group(h) | 34553 |
| 18780 | Saudi Investment Bank (The) | 74034 |
| 27334 | Saudi Kayan Petrochemical Co.\* | 36598 |
| 136939 | Saudi National Bank (The) | 1269906 |
| 874 | Saudi Research & Media Group\* | 33278 |
| 1501 | Saudi Tadawul Group Holding Co. | 70184 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Saudi Arabia - 3.0% - (continued)** | **Saudi Arabia - 3.0% - (continued)** | **Saudi Arabia - 3.0% - (continued)** |
| 57782 | Saudi Telecom Co. | $644655 |
| 36000 | United International Transportation Co. | 678670 |
| 8700 | Yanbu National Petrochemical Co. | 69023 |
|  | Total Saudi Arabia | 17725880 |
|  **Singapore - 0.8%** | **Singapore - 0.8%** | **Singapore - 0.8%** |
| 84300 | ASMPT Ltd. | 568871 |
| 4800 | BOC Aviation Ltd.(b) | 38694 |
| 104000 | Grab Holdings Ltd., Class A Shares\* | 506480 |
| 17864 | Trip.com Group Ltd. | 1123132 |
| 35148 | Trip.com Group Ltd., ADR | 2202022 |
|  | Total Singapore | 4439199 |
|  **South Africa - 3.2%** | **South Africa - 3.2%** | **South Africa - 3.2%** |
| 24155 | Absa Group Ltd. | 233705 |
| 10171 | Aspen Pharmacare Holdings Ltd. | 68789 |
| 9385 | Bid Corp., Ltd. | 249041 |
| 81241 | Bidvest Group Ltd. | 1104015 |
| 20833 | Capitec Bank Holdings Ltd. | 4007053 |
| 89428 | Clicks Group Ltd. | 1924048 |
| 15366 | Discovery Ltd. | 186957 |
| 147491 | FirstRand Ltd. | 613235 |
| 25858 | Gold Fields Ltd. | 585307 |
| 16967 | Harmony Gold Mining Co., Ltd. | 245231 |
| 26021 | Impala Platinum Holdings Ltd.\* | 187792 |
| 1524 | Kumba Iron Ore Ltd. | 24985 |
| 741945 | Life Healthcare Group Holdings Ltd. | 592189 |
| 48230 | MTN Group Ltd. | 335203 |
| 4899 | Naspers Ltd., Class N Shares | 1412721 |
| 104444 | Nedbank Group Ltd. | 1485406 |
| 139431 | Old Mutual Ltd. | 90883 |
| 23929 | OUTsurance Group Ltd. | 101069 |
| 74307 | Pepkor Holdings Ltd.(b) | 120649 |
| 14376 | Remgro Ltd. | 127914 |
| 287305 | Sanlam Ltd. | 1416384 |
| 17899 | Sasol Ltd.\* | 81294 |
| 15414 | Shoprite Holdings Ltd. | 251020 |
| 135136 | Standard Bank Group Ltd. | 1759776 |
| 2586 | Valterra Platinum Ltd. | 101382 |
| 179957 | Vodacom Group Ltd. | 1381992 |
| 28189 | Woolworths Holdings Ltd. | 91834 |
|  | Total South Africa | 18779874 |
|  **South Korea - 8.4%** | **South Korea - 8.4%** | **South Korea - 8.4%** |
| 1173 | Alteogen Inc.\* | 278793 |
| 963 | Amorepacific Corp. | 93217 |
| 4443 | Celltrion Inc. | 517872 |
| 255 | CJ CheilJedang Corp. | 42735 |
| 15896 | Coway Co., Ltd. | 1021410 |
| 1381 | DB Insurance Co., Ltd. | 100478 |
| 1233 | Doosan Bobcat Inc. | 41832 |
| 12898 | Doosan Enerbility Co., Ltd.\* | 376878 |
| 1334 | Ecopro BM Co., Ltd.\* | 86029 |
| 2991 | Ecopro Co., Ltd. | 92082 |
| 8489 | Hana Financial Group Inc. | 446802 |
| 699 | Hanjin Kal Corp. | 71527 |
| 1886 | Hankook Tire & Technology Co., Ltd. | 52431 |
| 1096 | Hanmi Semiconductor Co., Ltd. | 63822 |
| 922 | Hanwha Aerospace Co., Ltd. | 542256 |
| 2735 | Hanwha Ocean Co., Ltd.\* | 154458 |
| 1441 | Hanwha Systems Co., Ltd. | 47350 |
| 1100 | HD Hyundai Co., Ltd. | 88949 |
| 667 | HD Hyundai Electric Co., Ltd. | 183080 |
| 669 | HD Hyundai Heavy Industries Co., Ltd. | 196403 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **South Korea - 8.4% - (continued)** | **South Korea - 8.4% - (continued)** | **South Korea - 8.4% - (continued)** |
| 1254 | HD Korea Shipbuilding & Offshore Engineering Co., Ltd. | $287867 |
| 3423 | HLB Inc.\* | 134745 |
| 7877 | HMM Co., Ltd. | 121472 |
| 734 | HYBE Co., Ltd.\* | 141345 |
| 1125 | Hyundai Glovis Co., Ltd. | 92363 |
| 5735 | Hyundai Mobis Co., Ltd. | 1050476 |
| 4124 | Hyundai Motor Co. | 549962 |
| 2128 | Hyundai Rotem Co., Ltd. | 225560 |
| 7385 | Industrial Bank of Korea | 84143 |
| 8967 | Kakao Corp. | 277205 |
| 5216 | KakaoBank Corp. | 88902 |
| 35241 | KB Financial Group Inc. | 2648674 |
| 18134 | Kia Corp. | 1166857 |
| 2324 | Korea Aerospace Industries Ltd. | 140664 |
| 7152 | Korea Electric Power Corp. | 157247 |
| 1350 | Korea Investment Holdings Co., Ltd. | 105553 |
| 147 | Korea Zinc Co., Ltd. | 77794 |
| 4872 | Korean Air Lines Co., Ltd. | 79032 |
| 800 | Krafton Inc.\* | 213409 |
| 25138 | KT Corp. | 923505 |
| 10645 | KT&G Corp. | 923318 |
| 1415 | LG Chem Ltd. | 202428 |
| 2541 | LG Corp. | 130606 |
| 7553 | LG Display Co., Ltd.\* | 47085 |
| 2815 | LG Electronics Inc. | 144910 |
| 1318 | LG Energy Solution Ltd.\* | 271396 |
| 218 | LG H&H Co., Ltd. | 51410 |
| 336 | LG Innotek Co., Ltd. | 35113 |
| 8928 | LG Uplus Corp. | 82619 |
| 400 | LS Electric Co., Ltd. | 72549 |
| 2851 | Meritz Financial Group Inc. | 230551 |
| 5672 | Mirae Asset Securities Co., Ltd. | 63854 |
| 4031 | NAVER Corp. | 546487 |
| 3575 | NH Investment & Securities Co., Ltd. | 44616 |
| 638 | Orion Corp. | 50991 |
| 831 | POSCO Future M Co., Ltd.\* | 69701 |
| 2083 | POSCO Holdings Inc. | 378660 |
| 1191 | Posco International Corp. | 42360 |
| 1417 | Samsung Biologics Co., Ltd.\*(b) | 1058201 |
| 2522 | Samsung C&T Corp. | 272564 |
| 1588 | Samsung Electro-Mechanics Co., Ltd. | 140506 |
| 326804 | Samsung Electronics Co., Ltd. | 13298358 |
| 871 | Samsung Fire & Marine Insurance Co., Ltd. | 255479 |
| 17567 | Samsung Heavy Industries Co., Ltd.\* | 214055 |
| 2330 | Samsung Life Insurance Co., Ltd. | 166541 |
| 1875 | Samsung SDI Co., Ltd. | 228360 |
| 1283 | Samsung SDS Co., Ltd. | 120769 |
| 44 | Samyang Foods Co., Ltd.\* | 35381 |
| 115839 | Shinhan Financial Group Co., Ltd. | 4840579 |
| 946 | SK Biopharmaceuticals Co., Ltd.\* | 63374 |
| 73761 | SK Hynix Inc. | 10925015 |
| 1081 | SK Inc. | 128114 |
| 2022 | SK Innovation Co., Ltd. | 131030 |
| 2816 | SK Square Co., Ltd.\* | 234130 |
| 2136 | SK Telecom Co., Ltd. | 79646 |
| 436 | SKC Co., Ltd.\* | 27913 |
| 1576 | S-Oil Corp. | 61849 |
| 18929 | Woori Financial Group Inc. | 264053 |
| 1615 | Yuhan Corp. | 121369 |
|  | Total South Korea | 49121119 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Taiwan - 16.0%** | **Taiwan - 16.0%** | **Taiwan - 16.0%** |
| 14000 | Accton Technology Corp. | $343218 |
| 80000 | Acer Inc. | 91892 |
| 12753 | Advantech Co., Ltd. | 144316 |
| 4139 | Airtac International Group | 127196 |
| 2000 | Alchip Technologies Ltd. | 184376 |
| 426498 | ASE Technology Holding Co., Ltd. | 1960814 |
| 59000 | Asia Cement Corp. | 81851 |
| 9000 | Asia Vital Components Co., Ltd. | 183137 |
| 20000 | Asustek Computer Inc. | 413506 |
| 163800 | AUO Corp.\* | 69561 |
| 16000 | Catcher Technology Co., Ltd. | 111230 |
| 277550 | Cathay Financial Holding Co., Ltd. | 549444 |
| 47048 | Chailease Holding Co., Ltd. | 189371 |
| 174630 | Chang Hwa Commercial Bank Ltd. | 105759 |
| 49000 | Cheng Shin Rubber Industry Co., Ltd. | 82572 |
| 71000 | China Airlines Ltd. | 52076 |
| 331000 | China Steel Corp. | 216349 |
| 88000 | Chroma ATE Inc. | 975146 |
| 106000 | Chunghwa Telecom Co., Ltd. | 457104 |
| 117000 | Compal Electronics Inc. | 111582 |
| 484880 | CTBC Financial Holding Co., Ltd. | 656005 |
| 211000 | Delta Electronics Inc. | 2602760 |
| 24000 | E Ink Holdings Inc. | 168063 |
| 415794 | E.Sun Financial Holding Co., Ltd. | 410538 |
| 6100 | Eclat Textile Co., Ltd.\* | 87075 |
| 8000 | Elite Material Co., Ltd. | 197355 |
| 2000 | eMemory Technology Inc. | 158673 |
| 80000 | Eva Airways Corp. | 108165 |
| 30791 | Evergreen Marine Corp. Taiwan Ltd. | 249797 |
| 89000 | Far Eastern New Century Corp. | 97043 |
| 53000 | Far EasTone Telecommunications Co., Ltd. | 152190 |
| 12230 | Feng TAY Enterprise Co., Ltd. | 49124 |
| 313048 | First Financial Holding Co., Ltd. | 280575 |
| 116000 | Formosa Chemicals & Fibre Corp. | 92061 |
| 114000 | Formosa Plastics Corp. | 131088 |
| 5300 | Fortune Electric Co., Ltd. | 80105 |
| 237781 | Fubon Financial Holding Co., Ltd. | 627142 |
| 15000 | Gigabyte Technology Co., Ltd. | 136240 |
| 3000 | Global Unichip Corp. | 115091 |
| 70000 | Globalwafers Co., Ltd. | 727176 |
| 361480 | Hon Hai Precision Industry Co., Ltd. | 1855166 |
| 9140 | Hotai Motor Co., Ltd. | 192883 |
| 244111 | Hua Nan Financial Holdings Co., Ltd. | 212677 |
| 190164 | Innolux Corp. | 76796 |
| 8000 | International Games System Co., Ltd. | 222576 |
| 72000 | Inventec Corp. | 100174 |
| 3000 | Jentech Precision Industrial Co., Ltd. | 133656 |
| 435112 | KGI Financial Holding Co., Ltd. | 249284 |
| 3541 | Largan Precision Co., Ltd. | 271266 |
| 59264 | Lite-On Technology Corp., ADR | 199062 |
| 3000 | Lotes Co., Ltd. | 129586 |
| 141000 | MediaTek Inc. | 5854537 |
| 330889 | Mega Financial Holding Co., Ltd. | 435116 |
| 22000 | Micro-Star International Co., Ltd. | 103557 |
| 139000 | Nan Ya Plastics Corp. | 131997 |
| 5000 | Nien Made Enterprise Co., Ltd. | 71843 |
| 83000 | Novatek Microelectronics Corp. | 1417625 |
| 59000 | Pegatron Corp. | 163965 |
| 7000 | PharmaEssentia Corp.\* | 115892 |
| 63000 | Pou Chen Corp. | 65086 |
| 42224 | Poya International Co., Ltd. | 703933 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Taiwan - 16.0% - (continued)** | **Taiwan - 16.0% - (continued)** | **Taiwan - 16.0% - (continued)** |
| 15539 | President Chain Store Corp. | $131753 |
| 424000 | Quanta Computer Inc.\* | 3792121 |
| 15000 | Realtek Semiconductor Corp. | 268757 |
| 56000 | Ruentex Development Co., Ltd. | 55588 |
| 114598 | Shanghai Commercial & Savings Bank Ltd. (The) | 176864 |
| 420614 | Shin Kong Financial Holding Co., Ltd.\* | 168402 |
| 322571 | SinoPac Financial Holdings Co., Ltd. | 245187 |
| 32700 | Synnex Technology International Corp. | 77092 |
| 325803 | Taishin Financial Holding Co., Ltd. | 185679 |
| 175831 | Taiwan Business Bank | 85956 |
| 297393 | Taiwan Cooperative Financial Holding Co., Ltd. | 236493 |
| 56000 | Taiwan High Speed Rail Corp. | 51008 |
| 53000 | Taiwan Mobile Co., Ltd. | 201219 |
| 1416507 | Taiwan Semiconductor Manufacturing Co., Ltd. | 45108753 |
| 56118 | Taiwan Semiconductor Manufacturing Co., Ltd., ADR | 10848732 |
| 194668 | TCC Group Holdings Co., Ltd. | 189267 |
| 43000 | Unimicron Technology Corp. | 149744 |
| 140000 | Uni-President Enterprises Corp. | 369136 |
| 327000 | United Microelectronics Corp. | 504638 |
| 32013 | Vanguard International Semiconductor Corp. | 88491 |
| 2000 | Voltronic Power Technology Corp. | 89403 |
| 19630 | Wan Hai Lines Ltd. | 70143 |
| 77000 | Wistron Corp. | 295359 |
| 24000 | Wiwynn Corp. | 1911414 |
| 41760 | WPG Holdings Ltd. | 97424 |
| 72357 | Yageo Corp. | 1168953 |
| 48000 | Yang Ming Marine Transport Corp. | 126787 |
| 309993 | Yuanta Financial Holding Co., Ltd. | 321639 |
| 16000 | Zhen Ding Technology Holding Ltd. | 54360 |
|  | Total Taiwan | 93353805 |
|  **Thailand - 0.7%** | **Thailand - 0.7%** | **Thailand - 0.7%** |
| 33800 | Advanced Info Service PCL, NVDR | 293871 |
| 112800 | Airports of Thailand PCL, NVDR | 113768 |
| 342200 | Bangkok Dusit Medical Services PCL, NVDR | 224036 |
| 15000 | Bumrungrad Hospital PCL, NVDR | 63816 |
| 60900 | Central Pattana PCL, NVDR | 84402 |
| 118200 | Charoen Pokphand Foods PCL, NVDR | 88156 |
| 165900 | CP ALL PCL, NVDR | 237211 |
| 46716 | CP AXTRA PCL, NVDR | 26747 |
| 86600 | Delta Electronics Thailand PCL, NVDR | 273230 |
| 129098 | Gulf Development PCL\* | 176874 |
| 137900 | Home Product Center PCL, NVDR | 32279 |
| 168200 | Kasikornbank PCL | 789927 |
| 27000 | Kasikornbank PCL, NVDR | 126630 |
| 121000 | Krung Thai Bank PCL, NVDR | 81947 |
| 91300 | Minor International PCL, NVDR | 68971 |
| 165700 | PTT Exploration & Production PCL | 495662 |
| 40800 | PTT Exploration & Production PCL, NVDR | 121812 |
| 98900 | PTT Oil & Retail Business PCL, NVDR | 35559 |
| 304000 | PTT PCL, NVDR | 275413 |
| 40500 | SCB X PCL, NVDR | 146154 |
| 23000 | Siam Cement PCL (The), NVDR | 116492 |
| 1277200 | TMBThanachart Bank PCL, NVDR | 74675 |
| 272121 | True Corp. PCL, NVDR\* | 103596 |
|  | Total Thailand | 4051228 |
|  **Turkey - 0.6%** | **Turkey - 0.6%** | **Turkey - 0.6%** |
| 78127 | Akbank TAS | 101783 |
| 39612 | Aselsan Elektronik Sanayi Ve Ticaret AS | 131197 |
| 66815 | BIM Birlesik Magazalar AS | 813485 |
| 16577 | Coca-Cola Icecek AS | 20663 |
| 69832 | Eregli Demir ve Celik Fabrikalari TAS\* | 41865 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | |
|:---|:---|:---|
| **Shares/Units** | **Security** | **Value** |
|  **Turkey - 0.6% - (continued)** | **Turkey - 0.6% - (continued)** | **Turkey - 0.6% - (continued)** |
| 17990 | Ford Otomotiv Sanayi AS | $36853 |
| 25546 | Haci Ömer Sabanci Holding AS | 50514 |
| 19638 | KOC Holding AS | 71196 |
| 190000 | MLP Saglik Hizmetleri AS, Class B Shares\*(b) | 1530314 |
| 5249 | Pegasus Hava Tasimaciligi AS\* | 32370 |
| 195088 | Sasa Polyester Sanayi AS\* | 16355 |
| 57900 | Tofas Turk Otomobil Fabrikasi AS | 262078 |
| 13822 | Turk Hava Yollari AO\* | 96552 |
| 31232 | Turkcell Iletisim Hizmetleri AS | 75755 |
| 204992 | Turkiye Is Bankasi AS, Class C Shares | 56354 |
| 26836 | Turkiye Petrol Rafinerileri AS | 85020 |
| 28575 | Turkiye Sise ve Cam Fabrikalari AS | 24114 |
| 81036 | Yapi ve Kredi Bankasi AS\* | 52762 |
|  | Total Turkey | 3499230 |
|  **United Arab Emirates - 0.9%** | **United Arab Emirates - 0.9%** | **United Arab Emirates - 0.9%** |
| 84338 | Abu Dhabi Commercial Bank PJSC | 277340 |
| 41360 | Abu Dhabi Islamic Bank PJSC | 215766 |
| 128791 | Abu Dhabi National Oil Co. for Distribution PJSC | 127497 |
| 96553 | ADNOC Drilling Co. PJSC | 137988 |
| 94933 | Adnoc Gas PLC | 84775 |
| 112561 | Aldar Properties PJSC | 254634 |
| 80135 | Americana Restaurants International PLC - Foreign Co. | 44415 |
| 74000 | Dubai Electricity & Water Authority PJSC\* | 55001 |
| 76638 | Dubai Islamic Bank PJSC | 172127 |
| 27975 | Emaar Development PJSC | 102043 |
| 308521 | Emaar Properties PJSC | 1104377 |
| 52786 | Emirates NBD Bank PJSC | 321551 |
| 100586 | Emirates Telecommunications Group Co. PJSC | 470455 |
| 129397 | First Abu Dhabi Bank PJSC | 567153 |
| 114981 | Multiply Group PJSC\* | 72928 |
| 38101 | Salik Co. PJSC | 59335 |
| 2540500 | Talabat Holding PLC | 995893 |
|  | Total United Arab Emirates | 5063278 |
|  **United Kingdom - 0.9%** | **United Kingdom - 0.9%** | **United Kingdom - 0.9%** |
| 14628 | Anglogold Ashanti PLC | 628569 |
| 600959 | Helios Towers PLC\* | 973497 |
| 26000 | Lion Finance Group PLC | 2349900 |
| 17638 | Unilever PLC | 1118241 |
|  | Total United Kingdom | 5070207 |
|  **United States - 0.4%** | **United States - 0.4%** | **United States - 0.4%** |
| 21962 | BeOne Medicines Ltd.\* | 415822 |
| 4299 | EPAM Systems Inc.\* | 750133 |
| 2342 | Legend Biotech Corp., ADR\* | 67801 |
| 17629 | Schlumberger NV | 582639 |
| 2820 | Southern Copper Corp. | 256366 |
|  | Total United States | 2072761 |
|  **Uruguay - 1.2%** | **Uruguay - 1.2%** | **Uruguay - 1.2%** |
| 134811 | Arcos Dorados Holdings Inc., Class A Shares | 998950 |
| 2431 | MercadoLibre Inc.\* | 6231358 |
|  | Total Uruguay | 7230308 |
|  | **TOTAL COMMON STOCKS**<br> (Cost - $436,113,735) | **567423216** |
|  **PREFERRED STOCKS - 1.3%** | **PREFERRED STOCKS - 1.3%** | **PREFERRED STOCKS - 1.3%** |
|  **Brazil - 0.7%** | **Brazil - 0.7%** | **Brazil - 0.7%** |
| 151538 | Banco Bradesco SA, Class Preferred Shares | 429301 |
| 5428 | Centrais Eletricas Brasileiras SA, Class Preferred B Shares | 44585 |
| 48798 | Cia Energetica de Minas Gerais, Class Preferred Shares | 92503 |
| 41489 | Cia Paranaense de Energia - Copel, Class Preferred B Shares | 91925 |
| 37579 | Gerdau SA, Class Preferred Shares | 100217 |
| 319001 | Itau Unibanco Holding SA, Class Preferred Shares | 2088033 |
| 155164 | Itausa SA, Class Preferred Shares | 300646 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Shares/Units** | | **Security** | **Value** |
| **Brazil - 0.7% - (continued)** | **Brazil - 0.7% - (continued)** | **Brazil - 0.7% - (continued)** | **Brazil - 0.7% - (continued)** |
| 132430 |  | Petroleo Brasileiro SA - Petrobras, Class Preferred Shares | $715600 |
| 24868 |  | Telefonica Brasil SA, Class Preferred Shares | 124636 |
|  |  | Total Brazil | 3987446 |
| **Chile - 0.0%@** | **Chile - 0.0%@** | **Chile - 0.0%@** | **Chile - 0.0%@** |
| 4284 |  | Sociedad Quimica y Minera de Chile SA, Class Preferred B Shares\* | 128124 |
| **Colombia - 0.0%@** | **Colombia - 0.0%@** | **Colombia - 0.0%@** | **Colombia - 0.0%@** |
| 11353 |  | Grupo Cibest SA | 116946 |
| **Mexico - 0.1%** | **Mexico - 0.1%** | **Mexico - 0.1%** | **Mexico - 0.1%** |
| 418317 |  | Cemex SAB de CV, Class Preferred Shares | 286846 |
| **South Korea - 0.5%** | **South Korea - 0.5%** | **South Korea - 0.5%** | **South Korea - 0.5%** |
| 940 |  | Hyundai Motor Co., Class Preferred 2nd Shares | 100517 |
| 565 |  | Hyundai Motor Co., Class Preferred Shares | 60497 |
| 80774 |  | Samsung Electronics Co., Ltd., Class Preferred Shares | 2696051 |
|  |  | Total South Korea | 2857065 |
|  |  | **TOTAL PREFERRED STOCKS**<br> (Cost - $7,114,562) | **7376427** |
| **RIGHT - 0.0%@** | **RIGHT - 0.0%@** | **RIGHT - 0.0%@** | **RIGHT - 0.0%@** |
| **South Korea - 0.0%@** | **South Korea - 0.0%@** | **South Korea - 0.0%@** | **South Korea - 0.0%@** |
| 66 |  | Hanwha Aerospace Co., Ltd. expires 7/2/25\*(d)(h)<br> (Cost - $0) | **6066** |
| **WARRANTS - 0.0%@** | **WARRANTS - 0.0%@** | **WARRANTS - 0.0%@** | **WARRANTS - 0.0%@** |
| **Malaysia - 0.0%@** | **Malaysia - 0.0%@** | **Malaysia - 0.0%@** | **Malaysia - 0.0%@** |
| 16560 |  | YTL Corp. Bhd, expires 12/31/2049\*(d)(h) | 1245 |
| 12260 |  | YTL Power International Bhd, expires 12/31/2049\*(d)(h) | 2160 |
|  |  | **TOTAL WARRANTS**<br> (Cost - $1) | **3405** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $443,228,298) | **574809114** |
| **Face<br>Amount†** |  |  |  |
| **SHORT-TERM INVESTMENTS(f) - 2.1%** | **SHORT-TERM INVESTMENTS(f) - 2.1%** | **SHORT-TERM INVESTMENTS(f) - 2.1%** | **SHORT-TERM INVESTMENTS(f) - 2.1%** |
| **MONEY MARKET FUND - 0.1%** | **MONEY MARKET FUND - 0.1%** | **MONEY MARKET FUND - 0.1%** | **MONEY MARKET FUND - 0.1%** |
| $513813 |  | Invesco STIT - Government & Agency Portfolio, Institutional Class, 4.174%(g)<br> (Cost - $513,813) | **513813** |
| **TIME DEPOSITS - 2.0%** | **TIME DEPOSITS - 2.0%** | **TIME DEPOSITS - 2.0%** | **TIME DEPOSITS - 2.0%** |
|  |  | BBH - New York: |  |
| 31 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 36 |
| 14566 | <sup>ZAR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 6/2/25 | 810 |
| 1938369 | <sup>HKD</sup> | BNP Paribas - Paris, 0.000% due 6/2/25 | 247208 |
| 13878 | <sup>EUR</sup> | Citibank - London, 1.080% due 6/2/25 | 15759 |
| 7215142 |  | Citibank - New York, 3.680% due 6/2/25 | 7215142 |
| 1110672 | <sup>HKD</sup> | HSBC Bank - Hong Kong, 0.000% due 6/2/25 | 141648 |
| 1635671 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 1635671 |
| 2031995 |  | Skandinaviska Enskilda Banken AB - Stockholm, 3.680% due 6/2/25 | 2031995 |
| 185 | <sup>GBP</sup> | Societe Generale SA - Paris, 3.170% due 6/2/25 | 249 |
| 429071 | <sup>ZAR</sup> | Standard Chartered Bank - Johannesburg, 5.450% due 6/2/25 | 23860 |
|  |  | Sumitomo Mitsui Banking Corp. - Tokyo: |  |
| 22 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 25 |
| 230493 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.680% due 6/2/25 | 230493 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $11,542,896) | **11542896** |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $12,056,709) | **12056709** |
|  |  | **TOTAL INVESTMENTS - 100.6%**<br> (Cost - $455,285,007) | **586865823** |
|  |  | Liabilities in Excess of Other Assets - (0.6)% | (3302123) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**583563700** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

\* Non-income producing security.

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) All or a portion of this security is on loan (See Note 1).

(b) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $23,266,348 and represents 4.0% of net assets.

(c) Security trades on the Hong Kong exchange.

(d) Illiquid security.

(e) The aggregate value of restricted securities (excluding 144A holdings) at May 31, 2025, amounts to $8,913
and represents less than 0.05% of net assets.

(f) Inclusive of all short-term holdings, including investments of collateral received from securities lending
transactions. Excluding such collateral, the percentage of portfolio holdings would be 2.0%.

(g) Represents investments of collateral received from securities lending transactions.

(h) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

# Security that used significant unobservable inputs to determine fair value. At May 31, 2025, the Fund held a Level 3 securities with a value of $11,990, representing less than 0.05% of net assets. 

At May 31, 2025, for Emerging Markets Equity Fund the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income<br>Tax Purposes** | **Gross**<br> **Unrealized<br>Appreciation** | **Gross**<br> **Unrealized<br>(Depreciation)** | **Net**<br> **Unrealized<br>Appreciation** |
|  Emerging Markets Equity Fund | $455285007 | $175545836 | $(43927777) | $131618059 |

---

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

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| GDR | Global Depositary Receipt |
| NVDR | Non Voting Depository Receipt |
| PCL | Public Company Limited |
| PJSC | Private Joint Stock Company |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |

---

---

| | | |
|:---|:---|:---|
| **Summary of Investments by Security Sector^** | | |
|  Financials |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Banks | 21.0 | % |
| &nbsp;&nbsp;&nbsp;&nbsp; Insurance | 2.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Finance | 0.9 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other | 1.6 |  |
|  Information Technology |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Semiconductors & Semiconductor Equipment | 13.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Technology Hardware, Storage & Peripherals | 4.8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; IT Services | 1.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other | 1.8 |  |
|  Consumer Discretionary | 14.9 |  |
|  Communication Services | 8.9 |  |
|  Industrials | 7.0 |  |
|  Consumer Staples | 4.3 |  |
|  Materials | 4.1 |  |
|  Health Care | 4.0 |  |
|  Energy | 3.9 |  |
|  Real Estate | 1.7 |  |
|  Utilities | 1.3 |  |
|  Short-Term Investments | 2.0 |  |
|  Total Investments | 100.0 | %+ |

---

---

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

---

+ Does not reflect investments of collateral received from securities lending transactions.

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

At May 31, 2025, Emerging Markets Equity Fund had open exchange-traded futures contracts as described below.

The unrealized appreciation on the open contracts was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; E-mini MSCI Emerging Markets Index Futures | 18 | 6/25 | $997125 | $1034370 | $37245 |

---

At May 31, 2025, Emerging Markets Equity Fund had deposited cash of $51,994 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

At May 31, 2025, Emerging Markets Equity Fund had open forward foreign currency contract as described below.

The unrealized depreciation on the open contract was as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local<br>Currency** | **InExchange For** | **Counterparty** | **Value** | **Settlement<br>Date** | **Unrealized<br>Depreciation** |
|  **Contract to Buy:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Arab Emirates Dirham | 678365 | USD 184,691 | UBS | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184689 | 6/3/25 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Emerging Markets Equity Fund** 

<u>**Currency abbreviations used in this schedule:**</u> 

---

| | | |
|:---|:---|:---|
| EUR | **—** | Euro |
| GBP | **—** | British Pound |
| HKD | **—** | Hong Kong Dollar |
| USD | **—** | United States Dollar |
| ZAR | **—** | South African Rand |

---

<u>**Counterparty abbreviation used in this schedule:**</u> 

---

| | | |
|:---|:---|:---|
| UBS | **—** | UBS Securities LLC |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7%** | **CORPORATE BONDS & NOTES - 29.7%** | **CORPORATE BONDS & NOTES - 29.7%** | **CORPORATE BONDS & NOTES - 29.7%** |
| **Advertising - 0.1%** | **Advertising - 0.1%** | **Advertising - 0.1%** | **Advertising - 0.1%** |
| $265000 | B | Clear Channel Outdoor Holdings Inc., Senior Secured Notes, 5.125% due 8/15/27(a) | $259412 |
| 160000 | BB | Lamar Media Corp., Company Guaranteed Notes, 4.000% due 2/15/30 | 150928 |
|  |  | Outfront Media Capital LLC/Outfront Media Capital Corp.: |  |
| 80000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 7.375% due 2/15/31(a) | 84531 |
| 115000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 4.250% due 1/15/29(a) | 108769 |
| 125000 | BB- | Stagwell Global LLC, Company Guaranteed Notes, 5.625% due 8/15/29(a) | 117626 |
|  |  | Total Advertising | 721266 |
| **Aerospace/Defense - 0.4%** | **Aerospace/Defense - 0.4%** | **Aerospace/Defense - 0.4%** |  |
|  |  | Boeing Co. (The), Senior Unsecured Notes: |  |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 5/1/26 | 49244 |
| 70000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 2/1/27 | 67790 |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 3/1/27 | 192907 |
| 130000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 3/1/29 | 122953 |
| 100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 5/1/30 | 100851 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 2/1/31 | 46582 |
| 100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 5/1/34 | 86415 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.528% due 5/1/34 | 53334 |
| 40000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 3/1/38 | 30856 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 3/1/39 | 18825 |
| 40000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 2/1/50 | 27394 |
| 630000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.805% due 5/1/50 | 589266 |
| 455000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.858% due 5/1/54 | 485106 |
| 100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 8/1/59 | 66149 |
| 331000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.930% due 5/1/60 | 306373 |
| 175000 | B+ | Bombardier Inc., Senior Unsecured Notes, 6.000% due 2/15/28(a) | 174830 |
|  |  | General Dynamics Corp., Company Guaranteed Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.850% due 6/1/41 | 17816 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 4/1/50 | 20485 |
| 50000 | A- | General Electric Co., Senior Unsecured Notes, 5.875% due 1/14/38 | 52269 |
|  |  | L3Harris Technologies Inc., Senior Unsecured Notes: |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 12/15/26 | 49526 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 1/15/27 | 101406 |
| 361000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 6/15/28 | 359550 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 7/31/53 | 47586 |
|  |  | Lockheed Martin Corp., Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.070% due 12/15/42 | 41185 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 3/1/45 | 38717 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 5/15/46 | 43639 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 6/15/50 | 15191 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.090% due 9/15/52 | 38474 |
| 24000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 6/15/53 | 18541 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 11/15/54 | 24553 |
|  |  | Northrop Grumman Corp., Senior Unsecured Notes: |  |
| 600000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 1/15/28 | 583493 |
| 334000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 3/15/33 | 328100 |
| 64000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 6/1/43 | 56594 |
| 51000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.030% due 10/15/47 | 39530 |
| 280000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 5/1/50 | 257300 |
|  |  | RTX Corp., Senior Unsecured Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 11/8/26 | 50862 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |  |
| **Aerospace/Defense - 0.4% - (continued)** | **Aerospace/Defense - 0.4% - (continued)** | **Aerospace/Defense - 0.4% - (continued)** |  |  |
| $250000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 3/15/27 | $| 245972 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 11/16/28 |  | 98899 |
| 140000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 1/15/29 |  | 145932 |
| 116000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 3/15/32 |  | 99028 |
| 164000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.100% due 3/15/34 |  | 174494 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 7/15/38 |  | 26340 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 11/16/38 |  | 22506 |
| 430000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 6/1/42 |  | 371050 |
| 76000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 11/1/46 |  | 56616 |
| 177000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.820% due 9/1/51 |  | 105605 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 2/27/53 |  | 92794 |
| 340000 | B- | Spirit AeroSystems Inc., Secured Notes, 9.750% due 11/15/30(a) |  | 375975 |
|  |  | TransDigm Inc., Senior Secured Notes: |  |  |
| 240000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125% due 12/1/31(a) |  | 248515 |
| 10000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 3/1/32(a) |  | 10229 |
|  |  | Total Aerospace/Defense |  | 6677647 |
| **Agriculture - 0.6%** | **Agriculture - 0.6%** | **Agriculture - 0.6%** | **Agriculture - 0.6%** | **Agriculture - 0.6%** |
|  |  | Altria Group Inc., Company Guaranteed Notes: |  |  |
| 210000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 11/1/28 |  | 220688 |
| 300000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 2/14/29 |  | 301003 |
| 1290000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 2/4/32 |  | 1093741 |
| 669000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 11/1/33 |  | 734491 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 2/14/39 |  | 49479 |
| 320000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 2/14/49 |  | 311215 |
| 25000 | A | Archer-Daniels-Midland Co., Senior Unsecured Notes, 3.250% due 3/27/30 |  | 23647 |
|  |  | BAT Capital Corp., Company Guaranteed Notes: |  |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.215% due 9/6/26 |  | 49159 |
| 224000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.557% due 8/15/27 |  | 219123 |
| 148000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.259% due 3/25/28 |  | 139120 |
| 105000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.834% due 2/20/31 |  | 109343 |
| 90000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 2/20/34 |  | 93485 |
| 725000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 8/15/35 |  | 725474 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.390% due 8/15/37 |  | 43902 |
| 791000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.540% due 8/15/47 |  | 623320 |
| 393000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.758% due 9/6/49 |  | 314928 |
| 208000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.081% due 8/2/53 |  | 225628 |
| 770000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 8/15/55 |  | 757732 |
|  |  | BAT International Finance PLC, Company Guaranteed Notes: |  |  |
| 110000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.448% due 3/16/28 |  | 109617 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.931% due 2/2/29 |  | 52211 |
| 130000 | BB+ | Darling Ingredients Inc., Company Guaranteed Notes, 5.250% due 4/15/27(a) |  | 129183 |
| 690000 | BBB | Imperial Brands Finance PLC, Company Guaranteed Notes, 5.875% due 7/1/34(a) |  | 693143 |
| 1225000 | A+ | Japan Tobacco Inc., Senior Unsecured Notes, 5.850% due 6/15/35(a) |  | 1261172 |
|  |  | Philip Morris International Inc., Senior Unsecured Notes: |  |  |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 2/12/27 |  | 100754 |
| 234000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 11/17/27 |  | 238098 |
| 180000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 2/13/29 |  | 182203 |
| 210000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 5/1/30 |  | 186723 |
| 40000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 2/13/31 |  | 40657 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 2/15/33 |  | 50961 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 9/7/33 |  | 25817 |
| 190000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 2/13/34 |  | 191088 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 5/16/38 |  | 27109 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |  |
| **Agriculture - 0.6% - (continued)** | **Agriculture - 0.6% - (continued)** | **Agriculture - 0.6% - (continued)** |  |  |
| $25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/21/42 | $| 19789 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/4/43 |  | 20358 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 11/10/44 |  | 20623 |
|  |  | Reynolds American Inc., Company Guaranteed Notes: |  |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 8/15/35 |  | 25040 |
| 89000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 8/15/45 |  | 83759 |
|  |  | Total Agriculture |  | 9493783 |
| **Airlines - 0.5%** | **Airlines - 0.5%** | **Airlines - 0.5%** |  |  |
| 641883 | A- | American Airlines Class A Pass-Through Trust, Pass-Thru Certificates, 3.375% due 5/1/27 |  | 623743 |
| 250000 | BB | American Airlines Inc., Senior Secured Notes, 8.500% due 5/15/29(a) |  | 259166 |
|  |  | American Airlines Inc./AAdvantage Loyalty IP Ltd., Senior Secured Notes: |  |  |
| 143333 | Ba1(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 4/20/26(a) |  | 143187 |
| 680000 | Ba1(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 4/20/29(a) |  | 668781 |
| 1260721 | AA | British Airways Class AA Pass Through Trust, Pass-Thru Certificates, 3.300% due 12/15/32(a) |  | 1165559 |
| 365464 | AA | Delta Air Lines Class AA Pass Through Trust, Pass-Thru Certificates, 2.000% due 6/10/28 |  | 341597 |
| 2295000 | A3(b) | Delta Air Lines Inc./SkyMiles IP Ltd., Senior Secured Notes, 4.750% due 10/20/28(a) |  | 2287734 |
| 85000 | B+ | JetBlue Airways Corp./JetBlue Loyalty LP, Senior Secured Notes, 9.875% due 9/20/31(a) |  | 84025 |
| 2081250 | Baa3(b) | Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., Senior Secured Notes, 6.500% due 6/20/27(a) |  | 2087377 |
| 42743 | Aa3(b) | United Airlines Class AA Pass-Through Trust, Pass-Thru Certificates, 4.150% due 8/25/31 |  | 40414 |
| 481944 | A | United Airlines Class B Pass-Through Trust, Pass-Thru Certificates, 4.875% due 1/15/26 |  | 479717 |
| 195000 | BBB- | United Airlines Inc., Senior Secured Notes, 4.625% due 4/15/29(a) |  | 185336 |
|  |  | Total Airlines |  | 8366636 |
| **Apparel - 0.0%@** | **Apparel - 0.0%@** | **Apparel - 0.0%@** |  |  |
|  |  | NIKE Inc., Senior Unsecured Notes: |  |  |
| 25000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 3/27/40 |  | 19298 |
| 25000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 11/1/45 |  | 19310 |
| 50000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 3/27/50 |  | 34268 |
| 80000 | BB+ | William Carter Co. (The), Company Guaranteed Notes, 5.625% due 3/15/27(a) |  | 79508 |
|  |  | Total Apparel |  | 152384 |
| **Auto Manufacturers - 0.4%** | **Auto Manufacturers - 0.4%** | **Auto Manufacturers - 0.4%** | **Auto Manufacturers - 0.4%** | **Auto Manufacturers - 0.4%** |
| 170000 | Ba2(b) | Allison Transmission Inc., Senior Unsecured Notes, 5.875% due 6/1/29(a) |  | 170774 |
|  |  | American Honda Finance Corp., Senior Unsecured Notes: |  |  |
| 200000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.300% due 9/9/26 |  | 191919 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 9/9/26 |  | 97190 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 3/12/27 |  | 100669 |
| 25000 | A | Cummins Inc., Senior Unsecured Notes, 2.600% due 9/1/50 |  | 14411 |
|  |  | Ford Motor Co., Senior Unsecured Notes: |  |  |
| 615000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 2/12/32 |  | 507082 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/15/43 |  | 37538 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.291% due 12/8/46 |  | 39353 |
|  |  | Ford Motor Credit Co. LLC, Senior Unsecured Notes: |  |  |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 8/10/26 |  | 193500 |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 3/5/27 |  | 199796 |
| 460000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 2/16/28 |  | 425911 |
| 220000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 2/10/29 |  | 196970 |
| 230000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.122% due 11/7/33 |  | 233376 |
|  |  | General Motors Co., Senior Unsecured Notes: |  |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 10/15/32 |  | 49700 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.600% due 4/1/36 |  | 51498 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 4/1/38 |  | 45113 |
| 260000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 10/2/43 |  | 247112 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 4/1/45 |  | 20753 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 4/1/46 |  | 24894 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Auto Manufacturers - 0.4% - (continued)** | **Auto Manufacturers - 0.4% - (continued)** | **Auto Manufacturers - 0.4% - (continued)** | **Auto Manufacturers - 0.4% - (continued)** |  |
| $25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 4/1/48 | $21005 |
|  |  |  | General Motors Financial Co., Inc.: |  |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 4.350% due 1/17/27 | 99068 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 6/10/26 | 96638 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.350% due 2/26/27 | 95692 |
| 765000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 4/6/30 | 781447 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 4/4/34 | 49614 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 1/7/35 | 49295 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 7/15/35 | 50027 |
| 100000 |  | A- | Honda Motor Co., Ltd., Senior Unsecured Notes, 2.534% due 3/10/27 | 96672 |
|  |  |  | Hyundai Capital America, Senior Unsecured Notes: |  |
| 700000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 6/26/26(a) | 706292 |
| 305000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 3/19/27(a) | 307118 |
| 184000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 3/29/32(a) | 182776 |
|  |  |  | Toyota Motor Credit Corp., Senior Unsecured Notes: |  |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 6/18/26 | 96709 |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 8/14/26 | 100713 |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 11/20/26 | 101547 |
| 50000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 1/11/27 | 49123 |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.900% due 1/13/27 | 96189 |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 3/22/27 | 97778 |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 11/20/30 | 104258 |
|  |  |  | Volkswagen Group of America Finance LLC, Company Guaranteed Notes: |  |
| 260000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 11/13/28(a) | 257249 |
| 580000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 3/27/30(a) | 581255 |
|  |  |  | Total Auto Manufacturers | 6868024 |
| **Auto Parts & Equipment - 0.1%** | **Auto Parts & Equipment - 0.1%** | **Auto Parts & Equipment - 0.1%** | **Auto Parts & Equipment - 0.1%** |  |
| 255000 |  | BBB- | Adient Global Holdings Ltd., Senior Secured Notes, 7.000% due 4/15/28(a) | 260844 |
| 100000 |  | B+ | American Axle & Manufacturing Inc., Company Guaranteed Notes, 6.500% due 4/1/27 | 99615 |
|  |  |  | Aptiv Swiss Holdings Ltd., Company Guaranteed Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 12/1/51 | 14312 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 5/1/52 | 17165 |
| 130000 |  | BB- | Dana Inc., Senior Unsecured Notes, 5.625% due 6/15/28 | 129487 |
| 230000 |  | B+ | Goodyear Tire & Rubber Co. (The), Company Guaranteed Notes, 5.000% due 7/15/29 | 220541 |
|  |  |  | Total Auto Parts & Equipment | 741964 |
| **Banks - 7.4%** | **Banks - 7.4%** | **Banks - 7.4%** | **Banks - 7.4%** |  |
|  |  |  | ABN AMRO Bank NV: |  |
| 600000 | <sup>EUR</sup> | Ba1u(b) | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, (Cost - $619,348, acquired 3/7/24), 4.750%<br>(5-Year EUR Swap Rate + 3.898%)(c)(d)(e) | 674121 |
| 800000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes, 2.470%<br>(1-Year CMT Index + 1.100%) due 12/13/29(a)(d) | 737733 |
| 260000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 4.750% due 7/28/25(a) | 259934 |
| 200000 |  | BBB | AIB Group PLC, Senior Unsecured Notes, 5.871% (SOFR + 1.910%) due 3/28/35(a)(d) | 202765 |
| 800000 |  | A | Banco Bilbao Vizcaya Argentaria SA, Senior Preferred Notes, 5.381% due 3/13/29 | 818800 |
| 1000000 |  | BB- | Banco Mercantil del Norte SA, Junior Subordinated Notes, 5.875%<br>(5-Year CMT Index + 4.643%)(a)(d)(e) | 980947 |
| 800000 |  | Baa2(b) | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santander, Subordinated Notes, 7.525% (5-Year CMT Index + 2.995%) due 10/1/28(a)(d) | 842775 |
|  |  |  | Banco Santander SA, Senior Preferred Notes: |  |
| 800000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.588% due 8/8/28 | 822404 |
| 200000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.938% due 11/7/33 | 222619 |
|  |  |  | Bank of America Corp.: |  |
| 841000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 6.625% (5-Year CMT Index + 2.684%)(d)(e) | 856879 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 210000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 4/19/26 | 208061 |
| 740000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.658% (SOFR + 0.910%) due 3/11/27(d) | 722978 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** |  |
| $200000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.734% (SOFR + 0.960%) due 7/22/27(d) | $193482 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.933% (SOFR + 1.340%) due 9/15/27(d) | 50780 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.824% (3-Month Term SOFR + 1.837%) due 1/20/28(d) | 98671 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.551% (SOFR + 1.050%) due 2/4/28(d) | 96653 |
| 230000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.376% (SOFR + 1.580%) due 4/27/28(d) | 228897 |
| 150000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.593% (3-Month Term SOFR + 1.632%) due 7/21/28(d) | 146813 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.948% (SOFR + 2.040%) due 7/22/28(d) | 100606 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.204% (SOFR + 1.990%) due 11/10/28(d) | 103525 |
| 435000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.419% (3-Month Term SOFR + 1.302%) due 12/20/28(d) | 421967 |
| 3850000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.970% (3-Month Term SOFR + 1.332%) due 3/5/29(d) | 3780628 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.087% (SOFR + 1.060%) due 6/14/29(d) | 92792 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.271% (3-Month Term SOFR + 1.572%) due 7/23/29(d) | 98821 |
| 241000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.819% (SOFR + 1.570%) due 9/15/29(d) | 249617 |
| 659000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.974% (3-Month Term SOFR + 1.472%) due 2/7/30(d) | 642420 |
| 383000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.592% (SOFR + 2.150%) due 4/29/31(d) | 345371 |
| 585000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.922% (SOFR + 1.370%) due 10/24/31(d) | 503133 |
| 690000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.687% (SOFR + 1.320%) due 4/22/32(d) | 609106 |
| 600000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.572% (SOFR + 1.210%) due 10/20/32(d) | 519849 |
| 752000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.972% (SOFR + 1.330%) due 2/4/33(d) | 662017 |
| 1490000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.571% (SOFR + 1.830%) due 4/27/33(d) | 1444147 |
| 411000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.872% (SOFR + 1.840%) due 9/15/34(d) | 426453 |
| 355000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.468% (SOFR + 1.650%) due 1/23/35(d) | 358338 |
| 250000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.244% (3-Month Term SOFR + 2.076%) due 4/24/38(d) | 221279 |
| 250000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.676% (SOFR + 1.930%) due 6/19/41(d) | 174174 |
| 200000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 1/21/44 | 183817 |
| 360000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.330% (3-Month Term SOFR + 1.782%) due 3/15/50(d) | 290578 |
| 260000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.083% (3-Month Term SOFR + 3.412%) due 3/20/51(d) | 200359 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.831% (SOFR + 1.880%) due 10/24/51(d) | 30186 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes: |  |
| 40000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 3/3/26 | 39939 |
| 120000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 10/22/26 | 119492 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.183% due 11/25/27 | 99112 |
| 790000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.425% (SOFR + 1.913%) due 8/15/35(d) | 772982 |
| 1130000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.518% (SOFR + 1.738%) due 10/25/35(d) | 1108174 |
| 655000 | BBB | Bank of Ireland Group PLC, Senior Unsecured Notes, 5.601%<br>(SOFR + 1.620%) due 3/20/30(a)(d) | 668996 |
|  |  | Bank of Montreal, Senior Unsecured Notes: |  |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 6/5/26 | 100816 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 3/8/27 | 97069 |
|  |  | Bank of New York Mellon Corp. (The), Senior Unsecured Notes: |  |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 8/17/26 | 97809 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.050% due 10/15/26 | 47858 |
| 390000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.289% (SOFR + 1.418%) due 6/13/33(d) | 372457 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.967% (SOFR + 1.606%) due 4/26/34(d) | 49418 |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.188% (SOFR + 1.418%) due 3/14/35(d) | 99867 |
|  |  | Bank of Nova Scotia (The): |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 10000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.300% due 6/11/25 | 9991 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 8/3/26 | 98066 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.950% due 2/2/27 | 96262 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.951% due 3/11/27 | 48778 |
| 180000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 4.588% (5-Year CMT Index + 2.050%) due 5/4/37(d) | 167624 |
|  |  | Barclays PLC, Senior Unsecured Notes: |  |
| 820000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.972% (3-Month USD-LIBOR + 1.902%) due 5/16/29(d) | 823283 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** |  |
| $200000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.490% (SOFR + 2.220%) due 9/13/29(d) | $209796 |
| 2305000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.367% (SOFR + 1.230%) due 2/25/31(d) | 2324379 |
| 200000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.894% (1-Year CMT Index + 1.300%) due 11/24/32(d) | 174038 |
| 200000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.224% (SOFR + 2.980%) due 5/9/34(d) | 208616 |
| 730000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.785% (SOFR + 1.590%) due 2/25/36(d) | 730527 |
| 600000 | <sup>EUR</sup> | Ba1(b) | BAWAG Group AG, Junior Subordinated Notes, (Cost - $659,155, acquired 12/9/24), 7.250% (5-Year EURIBOR ICE Swap + 5.052%)(c)(d)(e) | 703204 |
|  |  |  | BNP Paribas SA: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 550000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% (5-Year CMT Index + 4.899%)(a)(d)(e) | 573457 |
| 200000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% (5-Year CMT Index + 3.727%)(a)(d)(e) | 209636 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes: |  |
| 220000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.219% (SOFR + 2.074%) due 6/9/26(a)(d) | 219896 |
| 950000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 8/14/28(a) | 940318 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.871% (3-Month Term SOFR + 1.387%) due 4/19/32(a)(d) | 176379 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Preferred Notes: |  |
| 650000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% (1-Year CMT Index + 1.450%) due 1/13/29(a)(d) | 656477 |
| 600000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.894% (SOFR + 1.866%) due 12/5/34(a)(d) | 625435 |
| 200000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 4.375% (5-Year USD Swap Rate + 1.483%) due 3/1/33(a)(d) | 194501 |
|  |  |  | BPCE SA, Senior Non-Preferred Notes: |  |
| 1120000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.714% (SOFR + 2.270%) due 10/19/29(a)(d) | 1178235 |
| 530000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.936% (SOFR + 1.850%) due 5/30/35(a)(d) | 536022 |
| 900000 | <sup>EUR</sup> | BBB | CaixaBank SA, Subordinated Notes, (Cost - $1,036,823, acquired 3/7/24), 6.250%<br>(5-Year EUR Swap Rate + 3.550%) due 2/23/33(c)(d) | 1093469 |
| 100000 |  | A- | Canadian Imperial Bank of Commerce, Senior Unsecured Notes, 5.926% due 10/2/26 | 101840 |
|  |  |  | Citigroup Inc.: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 210000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950% (5-Year CMT Index + 2.726%)(d)(e) | 211837 |
| 700000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125% (5-Year CMT Index + 2.693%)(d)(e) | 709517 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 70000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.658% (SOFR + 1.887%) due 5/24/28(d) | 69982 |
| 2540000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.520% (3-Month Term SOFR + 1.413%) due 10/27/28(d) | 2470473 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.980% (3-Month Term SOFR + 1.600%) due 3/20/30(d) | 97092 |
| 550000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.412% (SOFR + 3.914%) due 3/31/31(d) | 537684 |
| 70000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.572% (SOFR + 2.107%) due 6/3/31(d) | 62665 |
| 690000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.561% (SOFR + 1.167%) due 5/1/32(d) | 602281 |
| 160000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.520% (SOFR + 1.177%) due 11/3/32(d) | 137576 |
| 250000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.785% (SOFR + 1.939%) due 3/17/33(d) | 229225 |
| 220000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.910% (SOFR + 2.086%) due 5/24/33(d) | 215922 |
| 76000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 7/30/45 | 64937 |
| 70000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 7/23/48 | 58387 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes: |  |
| 210000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 6/10/25 | 209827 |
| 20000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 9/13/25 | 20038 |
| 890000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 11/20/26 | 885665 |
| 30000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 6/15/32 | 32261 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.675% due 9/13/43 | 105930 |
| 286000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 5/6/44 | 261475 |
| 50000 |  | BBB+ | Citizens Financial Group Inc., Senior Unsecured Notes, 2.850% due 7/27/26 | 49005 |
|  |  |  | Commonwealth Bank of Australia: |  |
| 8000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 3.900% due 7/12/47(a) | 6136 |
| 1945000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 5.929% (1-Year CMT Index + 1.320%) due 3/14/46(a)(d) | 1866470 |
| 270000 |  | A- | Cooperatieve Rabobank UA, Senior Non-Preferred Notes, 3.758%<br>(1-Year CMT Index + 1.420%) due 4/6/33(a)(d) | 247792 |
|  |  |  | Credit Agricole SA: |  |
| 1000000 | <sup>EUR</sup> | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, (Cost - $1,147,706, acquired 3/6/24), 7.250%<br>(5-Year EURIBOR ICE Swap + 4.441%)(c)(d)(e) | 1215439 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes: |  |
| $500000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.907% (SOFR + 1.676%) due 6/16/26(a)(d) | $499427 |
| 865000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.222% (SOFR + 1.460%) due 5/27/31(a)(d) | 872763 |
| 490000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.862% (SOFR + 1.740%) due 1/9/36(a)(d) | 497216 |
|  |  |  | Danske Bank AS, Senior Non-Preferred Notes: |  |
| 2100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.298% (1-Year CMT Index + 1.750%) due 4/1/28(a)(d) | 2084414 |
| 1250000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.705% (1-Year CMT Index + 1.400%) due 3/1/30(a)(d) | 1287616 |
| 310000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.613% (1-Year CMT Index + 1.100%) due 10/2/30(a)(d) | 306489 |
|  |  |  | Deutsche Bank AG: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes: |  |
| 200000 | <sup>EUR</sup> | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost - $226,274, acquired 12/4/24), 5.000%<br>(3-Month EURIBOR + 2.950%) due 9/5/30(c)(d) | 242175 |
| 150000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.297% (SOFR + 1.720%) due 5/9/31(d) | 150143 |
| 200000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 3.742% (SOFR + 2.257%) due 1/7/33(d) | 175924 |
| 300000 |  | AA- | DNB Bank ASA, Senior Preferred Notes, 4.853% (SOFR + 1.050%) due 11/5/30(a)(d) | 301283 |
| 100000 |  | BBB+ | Fifth Third Bancorp, Senior Unsecured Notes, 2.550% due 5/5/27 | 96265 |
|  |  |  | Goldman Sachs Group Inc. (The): |  |
| 590000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 7.500% (5-Year CMT Index + 2.809%)(d)(e) | 616037 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 250000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 11/16/26 | 246344 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 1/26/27 | 99130 |
| 270000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.542% (SOFR + 0.818%) due 9/10/27(d) | 259274 |
| 70000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.615% (SOFR + 1.846%) due 3/15/28(d) | 68753 |
| 891000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.814% (3-Month Term SOFR + 1.420%) due 4/23/29(d) | 871178 |
| 2494000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.223% (3-Month Term SOFR + 1.563%) due 5/1/29(d) | 2465642 |
| 174000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.484% (SOFR + 1.770%) due 10/24/29(d) | 183493 |
| 57000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.992% (SOFR + 1.090%) due 1/27/32(d) | 48478 |
| 984000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.615% (SOFR + 1.281%) due 4/22/32(d) | 862506 |
| 1700000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.383% (SOFR + 1.248%) due 7/21/32(d) | 1461752 |
| 1538000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% (SOFR + 1.264%) due 10/21/32(d) | 1334642 |
| 284000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.561% (SOFR + 1.950%) due 10/24/34(d) | 309050 |
| 340000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.330% (SOFR + 1.550%) due 7/23/35(d) | 336900 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.017% (3-Month Term SOFR + 1.635%) due 10/31/38(d) | 42498 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.411% (3-Month Term SOFR + 1.692%) due 4/23/39(d) | 43812 |
| 210000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 2/1/41 | 218581 |
| 330000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.210% (SOFR + 1.513%) due 4/22/42(d) | 239478 |
| 10000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.908% (SOFR + 1.472%) due 7/21/42(d) | 6933 |
| 300000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.436% (SOFR + 1.632%) due 2/24/43(d) | 221491 |
| 10000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 10/21/45 | 8638 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.734% (SOFR + 1.696%) due 1/28/56(d) | 96942 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes: |  |
| 130000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 10/21/25 | 129798 |
| 290000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 5/22/45 | 255002 |
|  |  |  | HSBC Holdings PLC: |  |
| 320000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 7.050% (5-Year CMT Index + 2.987%)(d)(e)(f) | 320505 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 580000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.099% (SOFR + 1.929%) due 6/4/26(d) | 579915 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.583% (3-Month Term SOFR + 1.796%) due 6/19/29(d) | 198559 |
| 900000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.286% (SOFR + 1.290%) due 11/19/30(d) | 908677 |
| 1030000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.804% (SOFR + 1.187%) due 5/24/32(d) | 900779 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.402% (SOFR + 2.870%) due 8/11/33(d) | 201491 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.254% (SOFR + 2.390%) due 3/9/34(d) | 210268 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.332% (SOFR + 2.650%) due 3/9/44(d) | 209750 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes: |  |
| $220000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.762% (SOFR + 2.530%) due 3/29/33(d) | $210865 |
| 200000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.547% (SOFR + 2.980%) due 6/20/34(d) | 208961 |
| 680000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.874% (SOFR + 1.900%) due 11/18/35(d) | 672923 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 9/15/37 | 103236 |
| 200000 |  | A- | HSBC USA Inc., Senior Unsecured Notes, 5.294% due 3/4/27 | 202956 |
|  |  |  | Intesa Sanpaolo SpA: |  |
| 340000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; Senior Preferred Notes, 7.200% due 11/28/33(a) | 375334 |
| 350000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 4.950% (1-Year CMT Index + 2.750%) due 6/1/42(a)(d) | 275295 |
|  |  |  | JPMorgan Chase & Co., Senior Unsecured Notes: |  |
| 200000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.470% (SOFR + 0.765%) due 9/22/27(d) | 192093 |
| 464000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.070% (SOFR + 1.330%) due 10/22/27(d) | 473686 |
| 53000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.299% (SOFR + 1.450%) due 7/24/29(d) | 54061 |
| 2082000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.012% (SOFR + 1.310%) due 1/23/30(d) | 2106059 |
| 1406000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.565% (SOFR + 1.750%) due 6/14/30(d) | 1399605 |
| 1530000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.739% (3-Month Term SOFR + 1.510%) due 10/15/30(d) | 1409483 |
| 1955000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.580% (3-Month Term SOFR + 1.250%) due 4/22/32(d) | 1724227 |
| 772000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% (SOFR + 1.845%) due 6/1/34(d) | 781581 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.502% (SOFR + 1.315%) due 1/24/36(d) | 101097 |
| 1750000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.572% (SOFR + 1.680%) due 4/22/36(d) | 1777713 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.882% (3-Month Term SOFR + 1.622%) due 7/24/38(d) | 42990 |
| 150000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.109% (SOFR + 2.440%) due 4/22/51(d) | 97572 |
| 800000 | <sup>EUR</sup> | BB+ | KBC Group NV, Junior Subordinated Notes, (Cost - $940,004, acquired 3/8/24), 8.000%<br>(5-Year EURIBOR ICE Swap + 4.928%)(c)(d)(e) | 999917 |
| 520000 |  | BBB | KeyCorp, Senior Unsecured Notes, 6.401% (SOFR + 2.420%) due 3/6/35(d) | 544865 |
|  |  |  | Kreditanstalt fuer Wiederaufbau, Government Guaranteed Notes: |  |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 8/7/26 | 201256 |
| 400000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 3/1/27 | 402715 |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 2/15/28 | 199410 |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 3/18/30 | 205966 |
|  |  |  | Lloyds Banking Group PLC: |  |
| 665000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 6.750% (5-Year CMT Index + 4.815%)(d)(e) | 667101 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 200000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 1/11/27 | 197606 |
| 200000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 3/22/28 | 198706 |
| 400000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.679% (1-Year CMT Index + 1.750%) due 1/5/35(d) | 403728 |
| 725000 |  | A- | Mitsubishi UFJ Financial Group Inc., Senior Unsecured Notes, 5.615%<br>(1-Year CMT Index + 1.270%) due 4/24/36(d) | 734824 |
|  |  |  | Mizuho Financial Group Inc., Senior Unsecured Notes: |  |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.839% due 9/13/26 | 196007 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.201% (3-Month Term SOFR + 1.772%) due 7/10/31(d) | 175893 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.748% (1-Year CMT Index + 1.900%) due 7/6/34(d) | 205616 |
| 1500000 |  | A- | National Australia Bank Ltd., Subordinated Notes, 3.347%<br>(5-Year CMT Index + 1.700%) due 1/12/37(a)(d) | 1305047 |
|  |  |  | NatWest Group PLC, Senior Unsecured Notes: |  |
| 400000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.076% (3-Month USD-LIBOR + 1.905%) due 1/27/30(d) | 402266 |
| 2500000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.115% (1-Year CMT Index + 1.050%) due 5/23/31(d) | 2508192 |
| 1820000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.778% (1-Year CMT Index + 1.500%) due 3/1/35(d) | 1852573 |
| 500000 |  | A | NatWest Markets PLC, Senior Unsecured Notes, 1.600% due 9/29/26(a) | 481056 |
|  |  |  | PNC Financial Services Group Inc. (The), Senior Unsecured Notes: |  |
| 30000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.812% (SOFR + 1.322%) due 6/12/26(d) | 30006 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 7/23/26 | 98103 |
| 420000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.582% (SOFR + 1.841%) due 6/12/29(d) | 431943 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 1/22/30 | 45670 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.222% (SOFR + 1.072%) due 1/29/31(d) | 101565 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.037% (SOFR + 2.140%) due 10/28/33(d) | 52246 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.068% (SOFR + 1.933%) due 1/24/34(d) | 49358 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** |  |
| $50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.676% (SOFR + 1.902%) due 1/22/35(d) | $50954 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.401% (SOFR + 1.599%) due 7/23/35(d) | 24915 |
| 800000 | <sup>EUR</sup> | Baa2(b) | Raiffeisen Bank International AG, Subordinated Notes, (Cost - $909,316, acquired 5/30/24), 7.375% (5-Year EURIBOR ICE Swap + 5.200%) due 12/20/32(c)(d) | 975406 |
|  |  |  | Royal Bank of Canada, Senior Unsecured Notes: |  |
| 10000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.150% due 6/10/25 | 9993 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 7/20/26 | 100918 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.400% due 11/2/26 | 96134 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 1/19/27 | 100833 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 2/1/29 | 101798 |
|  |  |  | Santander Holdings USA Inc., Senior Unsecured Notes: |  |
| 89000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.174% (SOFR + 2.500%) due 1/9/30(d) | 91795 |
| 1155000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.741% (SOFR + 1.878%) due 3/20/31(d) | 1166159 |
| 915000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.660% (SOFR + 3.280%) due 11/9/31(d) | 1007025 |
| 950000 |  | BBB | Santander UK Group Holdings PLC, Senior Unsecured Notes, 4.858%<br>(SOFR + 1.554%) due 9/11/30(d) | 940639 |
|  |  |  | Societe Generale SA, Senior Non-Preferred Notes: |  |
| 1080000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.512% (SOFR + 1.650%) due 5/22/31(a)(d) | 1087947 |
| 540000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.066% (1-Year CMT Index + 2.100%) due 1/19/35(a)(d) | 547475 |
|  |  |  | State Street Corp.: |  |
| 150000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 6.700% (5-Year CMT Index + 2.613%)(d)(e) | 153296 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.530% (SOFR + 1.018%) due 2/20/29(d) | 100336 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.684% (SOFR + 1.484%) due 11/21/29(d) | 103948 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.164% (SOFR + 1.726%) due 8/4/33(d) | 47285 |
|  |  |  | Sumitomo Mitsui Financial Group Inc., Senior Unsecured Notes: |  |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.880% due 7/13/26 | 202991 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.446% due 1/11/27 | 197048 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.174% due 1/14/27 | 193001 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.130% due 7/8/30 | 176349 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.808% due 9/14/33 | 209669 |
|  |  |  | Toronto-Dominion Bank (The), Senior Unsecured Notes: |  |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 9/10/26 | 95995 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.950% due 1/12/27 | 96136 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 3/10/27 | 97250 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.298% due 1/30/32 | 101353 |
| 300000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.456% due 6/8/32 | 290509 |
|  |  |  | Truist Financial Corp., Senior Unsecured Notes: |  |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.122% (SOFR + 1.852%) due 1/26/34(d) | 48956 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.867% (SOFR + 2.361%) due 6/8/34(d) | 25580 |
| 800000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.711% (SOFR + 1.922%) due 1/24/35(d) | 811696 |
|  |  |  | UBS AG, Senior Unsecured Notes: |  |
| 250000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 7/9/27 | 252738 |
| 1085000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 2/15/28 | 1165858 |
|  |  |  | UBS Group AG: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 250000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% (5-Year CMT Index + 3.404%)(a)(d)(e) | 241437 |
| 795000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.850% (5-Year USD SOFR ICE Swap Rate + 3.630%)(a)(d)(e) | 794745 |
| 200000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250% (5-Year CMT Index + 4.745%)(a)(d)(e) | 218258 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 370000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.193% (SOFR + 2.044%) due 6/5/26(a)(d) | 369928 |
| 1500000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.494% (1-Year CMT Index + 0.850%) due 8/10/27(a)(d) | 1443279 |
| 500000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.751% (1-Year CMT Index + 1.750%) due 5/12/28(a)(d) | 500589 |
| 1415000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.091% (SOFR + 1.730%) due 5/14/32(a)(d) | 1266089 |
| 250000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.016% (SOFR + 5.020%) due 11/15/33(a)(d) | 305027 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** | **Banks - 7.4% - (continued)** |  |
|  |  | US Bancorp, Senior Unsecured Notes: |  |
| $100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 7/22/26 | $97994 |
| 155000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.083% (SOFR + 1.296%) due 5/15/31(d) | 156178 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% (SOFR + 2.090%) due 10/21/33(d) | 51753 |
| 1415000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.839% (SOFR + 1.600%) due 2/1/34(d) | 1370963 |
| 1315000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.836% (SOFR + 2.260%) due 6/12/34(d) | 1356691 |
| 1595000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.678% (SOFR + 1.860%) due 1/23/35(d) | 1622831 |
|  |  | Wells Fargo & Co.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% (3-Month USD-LIBOR + 0.000%)(d)(e) | 50006 |
| 150000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.850% (5-Year CMT Index + 2.767%)(d)(e) | 154602 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 750000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 10/23/26 | 734845 |
| 510000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.393% (SOFR + 2.100%) due 6/2/28(d) | 488036 |
| 490000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 1/24/29 | 483656 |
| 510000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.574% (SOFR + 1.740%) due 7/25/29(d) | 522938 |
| 111000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.303% (SOFR + 1.790%) due 10/23/29(d) | 116425 |
| 103000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.572% (3-Month Term SOFR + 1.262%) due 2/11/31(d) | 93017 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.478% (3-Month Term SOFR + 4.032%) due 4/4/31(d) | 98314 |
| 2460000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% (SOFR + 1.500%) due 3/2/33(d) | 2204425 |
| 325000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.389% (SOFR + 2.020%) due 4/24/34(d) | 325695 |
| 663000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.557% (SOFR + 1.990%) due 7/25/34(d) | 670028 |
| 140000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.491% (SOFR + 2.060%) due 10/23/34(d) | 150036 |
| 300000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.068% (SOFR + 2.530%) due 4/30/41(d) | 219041 |
| 1240000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.013% (3-Month Term SOFR + 4.502%) due 4/4/51(d) | 1086762 |
| 200000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.611% (SOFR + 2.130%) due 4/25/53(d) | 164343 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes: |  |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 11/2/43 | 184095 |
| 20000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 11/4/44 | 16605 |
| 20000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 11/17/45 | 17054 |
| 10000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 12/7/46 | 8255 |
|  |  | Wells Fargo Bank NA, Senior Unsecured Notes: |  |
| 358000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 8/7/26 | 361991 |
| 250000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.254% due 12/11/26 | 253228 |
|  |  | Westpac Banking Corp., Senior Unsecured Notes: |  |
| 100000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.150% due 6/3/26 | 96903 |
| 100000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 8/19/26 | 98211 |
| 100000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 3/8/27 | 98508 |
| 50000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150% due 6/3/31 | 43914 |
|  |  | Total Banks | 120346392 |
| **Beverages - 0.2%** | **Beverages - 0.2%** | **Beverages - 0.2%** |  |
|  |  | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide Inc., Company Guaranteed Notes: |  |
| 125000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 2/1/36 | 119885 |
| 924000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 2/1/46 | 831230 |
| 50000 | A- | Anheuser-Busch InBev Finance Inc., Company Guaranteed Notes, 4.900% due 2/1/46 | 45011 |
|  |  | Anheuser-Busch InBev Worldwide Inc., Company Guaranteed Notes: |  |
| 260000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/1/30 | 248927 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 4/15/38 | 45335 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 1/23/39 | 50092 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 1/15/42 | 23148 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.439% due 10/6/48 | 41535 |
| 210000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 1/23/49 | 205761 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 4/15/58 | 42275 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Beverages - 0.2% - (continued)** | **Beverages - 0.2% - (continued)** | **Beverages - 0.2% - (continued)** |  |
| $50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 1/23/59 | $49882 |
|  |  | Coca-Cola Co. (The), Senior Unsecured Notes: |  |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 3/25/27 | 98901 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 5/13/34 | 50759 |
| 240000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 6/1/40 | 169700 |
| 85000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 6/1/50 | 51016 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 3/5/51 | 16200 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 3/15/51 | 28996 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 5/13/54 | 47740 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 5/13/64 | 23669 |
|  |  | Constellation Brands Inc.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 12/6/26 | 98848 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 11/15/48 | 22311 |
| 30000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 2.250% due 8/1/31 | 25687 |
|  |  | Keurig Dr Pepper Inc., Company Guaranteed Notes: |  |
| 255000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 5/15/30 | 253683 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 5/1/50 | 17902 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 3/15/51 | 16287 |
| 50000 | BBB | Molson Coors Beverage Co., Company Guaranteed Notes, 4.200% due 7/15/46 | 39070 |
|  |  | PepsiCo Inc., Senior Unsecured Notes: |  |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 10/6/26 | 97702 |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 3/19/27 | 97419 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 7/17/34 | 49596 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 10/21/41 | 17208 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 4/14/46 | 21483 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 10/15/49 | 15965 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 3/19/50 | 18374 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 10/21/51 | 30470 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 7/18/52 | 19870 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 3/19/60 | 18324 |
|  |  | Total Beverages | 3050261 |
| **Biotechnology - 0.2%** | **Biotechnology - 0.2%** | **Biotechnology - 0.2%** |  |
|  |  | Amgen Inc., Senior Unsecured Notes: |  |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.200% due 2/21/27 | 96345 |
| 171000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 3/2/28 | 174118 |
| 180000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 8/18/29 | 176334 |
| 221000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 2/21/30 | 200414 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 6/1/37 | 26908 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 2/21/40 | 75426 |
| 43000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 2/21/50 | 29380 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.663% due 6/15/51 | 41407 |
| 69000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 2/22/52 | 52578 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 3/1/53 | 42449 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 3/2/53 | 47537 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.770% due 9/1/53 | 28643 |
| 63000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 2/22/62 | 47602 |
| 67000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/2/63 | 63340 |
|  |  | Biogen Inc., Senior Unsecured Notes: |  |
| 835000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 5/15/35 | 839521 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 5/1/50 | 30408 |
| 665000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.450% due 5/15/55 | 665087 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Biotechnology - 0.2% - (continued)** | **Biotechnology - 0.2% - (continued)** | **Biotechnology - 0.2% - (continued)** |  |
|  |  | Gilead Sciences Inc., Senior Unsecured Notes: |  |
| $674000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.650% due 10/1/30 | $582438 |
| 90000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 9/1/36 | 80655 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 10/1/40 | 69841 |
| 142000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 4/1/44 | 126137 |
| 99000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 2/1/45 | 84315 |
| 70000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/1/46 | 61311 |
| 100000 | BBB- | Royalty Pharma PLC, Company Guaranteed Notes, 5.400% due 9/2/34 | 99467 |
|  |  | Total Biotechnology | 3741661 |
| **Building Materials - 0.2%** | **Building Materials - 0.2%** | **Building Materials - 0.2%** |  |
|  |  | Builders FirstSource Inc., Company Guaranteed Notes: |  |
| 305000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/1/32(a) | 276918 |
| 100000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 3/1/34(a) | 99721 |
| 660000 | B | Camelot Return Merger Sub Inc., Senior Secured Notes, 8.750% due 8/1/28(a) | 584684 |
|  |  | Carrier Global Corp., Senior Unsecured Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.493% due 2/15/27 | 48451 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.377% due 4/5/40 | 38771 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.577% due 4/5/50 | 35747 |
| 575000 | BB- | EMRLD Borrower LP/Emerald Co.-Issuer Inc., Senior Secured Notes, 6.625% due 12/15/30(a) | 581742 |
| 155000 | B+ | Griffon Corp., Company Guaranteed Notes, 5.750% due 3/1/28 | 154148 |
| 110000 | BB | Knife River Corp., Senior Unsecured Notes, 7.750% due 5/1/31(a) | 115246 |
|  |  | Martin Marietta Materials Inc., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 12/15/47 | 19711 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 7/15/51 | 15900 |
| 115000 | BB | Masterbrand Inc., Company Guaranteed Notes, 7.000% due 7/15/32(a) | 114504 |
| 175000 | BB- | Miter Brands Acquisition Holdco Inc./MIWD Borrower LLC, Senior Secured Notes, 6.750% due 4/1/32(a) | 176427 |
| 25000 | BBB | Owens Corning, Senior Unsecured Notes, 4.400% due 1/30/48 | 19897 |
| 555000 | BB | Quikrete Holdings Inc., Senior Secured Notes, 6.375% due 3/1/32(a) | 564323 |
| 185000 | BB- | Smyrna Ready Mix Concrete LLC, Senior Secured Notes, 6.000% due 11/1/28(a) | 182459 |
|  |  | Standard Industries Inc., Senior Unsecured Notes: |  |
| 75000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 2/15/27(a) | 74535 |
| 100000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/15/28(a) | 98247 |
| 305000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 7/15/30(a) | 286479 |
|  |  | Total Building Materials | 3487910 |
| **Chemicals - 0.4%** | **Chemicals - 0.4%** | **Chemicals - 0.4%** |  |
|  |  | Air Products & Chemicals Inc., Senior Unsecured Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 2/8/34 | 24714 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 5/15/40 | 17795 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 5/15/50 | 30888 |
| 25000 | BBB- | Albemarle Corp., Senior Unsecured Notes, 5.650% due 6/1/52 | 20092 |
| 110000 | BB- | Avient Corp., Senior Unsecured Notes, 7.125% due 8/1/30(a) | 113424 |
| 190000 | BB | Axalta Coating Systems LLC, Company Guaranteed Notes, 3.375% due 2/15/29(a) | 176993 |
| 500000 | BB | Braskem Netherlands Finance BV, Company Guaranteed Notes, 7.250% due 2/13/33(a) | 435345 |
| 25000 | BBB | Cabot Corp., Senior Unsecured Notes, 5.000% due 6/30/32 | 24592 |
| 25000 | BBB | CF Industries Inc., Company Guaranteed Notes, 5.375% due 3/15/44 | 22496 |
| 235000 | BB- | Chemours Co. (The), Company Guaranteed Notes, 5.750% due 11/15/28(a) | 210670 |
|  |  | Dow Chemical Co. (The), Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 2/15/34 | 24434 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 11/15/41 | 22175 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 10/1/44 | 19857 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 5/15/49 | 19756 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.900% due 5/15/53 | 26052 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 2/15/54 | 22078 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Chemicals - 0.4% - (continued)** | **Chemicals - 0.4% - (continued)** | **Chemicals - 0.4% - (continued)** |  |
|  |  | DuPont de Nemours Inc., Senior Unsecured Notes: |  |
| $50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.725% due 11/15/28 | $50597 |
| 32000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.319% due 11/15/38 | 32568 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.419% due 11/15/48 | 49217 |
|  |  | Eastman Chemical Co., Senior Unsecured Notes: |  |
| 176000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 12/1/28 | 175057 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 2/20/34 | 24942 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 10/15/44 | 20545 |
|  |  | Ecolab Inc., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 12/1/47 | 19455 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 8/15/50 | 13149 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 12/15/51 | 14911 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 8/18/55 | 14459 |
| 25000 | A- | EIDP Inc., Senior Unsecured Notes, 4.800% due 5/15/33 | 24525 |
| 65000 | BB | Element Solutions Inc., Company Guaranteed Notes, 3.875% due 9/1/28(a) | 62483 |
| 25000 | BBB- | FMC Corp., Senior Unsecured Notes, 6.375% due 5/18/53 | 22974 |
| 25000 | BB+ | Huntsman International LLC, Senior Unsecured Notes, 4.500% due 5/1/29 | 23385 |
| 200000 | BB | INEOS Finance PLC, Senior Secured Notes, 7.500% due 4/15/29(a) | 196580 |
| 25000 | BBB- | International Flavors & Fragrances Inc., Senior Unsecured Notes, 4.375% due 6/1/47 | 18764 |
| 25000 | A | Linde Inc., Company Guaranteed Notes, 3.550% due 11/7/42 | 19348 |
| 25000 | BBB | LYB International Finance BV, Company Guaranteed Notes, 4.875% due 3/15/44 | 20734 |
|  |  | LYB International Finance III LLC, Company Guaranteed Notes: |  |
| 370000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/1/34 | 360435 |
| 510000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 5/15/35 | 517180 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 10/15/49 | 17867 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 5/1/50 | 35593 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 10/1/60 | 15535 |
| 25000 | BBB | Mosaic Co. (The), Senior Unsecured Notes, 5.625% due 11/15/43 | 23468 |
|  |  | NOVA Chemicals Corp.: |  |
| 150000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 8.500% due 11/15/28(a) | 158215 |
| 150000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 9.000% due 2/15/30(a) | 161681 |
|  |  | Nutrien Ltd., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 6/1/43 | 21890 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 4/1/49 | 21693 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 5/13/50 | 18210 |
|  |  | OCP SA, Senior Unsecured Notes: |  |
| 200000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 6/23/31(a) | 176912 |
| 730000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 5/2/34(a) | 738063 |
| 400000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 6/23/51(a) | 293282 |
|  |  | Orbia Advance Corp. SAB de CV, Company Guaranteed Notes: |  |
| 260000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 5/11/31(a) | 213412 |
| 530000 | Baa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 5/13/35(a) | 534108 |
| 213000 | BBB | RPM International Inc., Senior Unsecured Notes, 3.750% due 3/15/27 | 209698 |
|  |  | Sherwin-Williams Co. (The), Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 8/15/49 | 18031 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 5/15/50 | 16339 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 3/15/52 | 14794 |
| 870000 | BBB+ | Syensqo Finance America LLC, Company Guaranteed Notes, 5.850% due 6/4/34(a) | 883281 |
|  |  | Westlake Corp., Senior Unsecured Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 8/15/51 | 29710 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 8/15/61 | 14180 |
| 175000 | B- | WR Grace Holdings LLC, Senior Secured Notes, 4.875% due 6/15/27(a) | 172762 |
|  |  | Total Chemicals | 6681393 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Commercial Services - 0.5%** | **Commercial Services - 0.5%** | **Commercial Services - 0.5%** | **Commercial Services - 0.5%** |  |
| $185000 |  | BB | ADT Security Corp. (The), Senior Secured Notes, 4.875% due 7/15/32(a) | $175588 |
| 645000 |  | BBB- | Ashtead Capital Inc., Company Guaranteed Notes, 5.550% due 5/30/33(a) | 638553 |
| 245000 |  | B+ | Avis Budget Car Rental LLC/Avis Budget Finance Inc., Company Guaranteed Notes, 5.750% due 7/15/27(a) | 241909 |
|  |  |  | Block Inc., Senior Unsecured Notes: |  |
| 95000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/1/31 | 85838 |
| 225000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 5/15/32 | 230348 |
| 200000 |  | BB | Boost Newco Borrower LLC, Senior Secured Notes, 7.500% due 1/15/31(a) | 211760 |
| 130000 |  | BB- | Clarivate Science Holdings Corp., Senior Secured Notes, 3.875% due 7/1/28(a) | 123871 |
| 250000 |  | BB- | CoreCivic Inc., Company Guaranteed Notes, 8.250% due 4/15/29 | 264221 |
| 25000 |  | BBB | Equifax Inc., Senior Unsecured Notes, 5.100% due 6/1/28 | 25292 |
| 105000 |  | B | EquipmentShare.com Inc., Secured Notes, 8.625% due 5/15/32(a) | 110005 |
| 105000 |  | B | Garda World Security Corp., Senior Secured Notes, 4.625% due 2/15/27(a) | 103721 |
|  |  |  | GEO Group Inc. (The): |  |
| 270000 |  | B+ | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 10.250% due 4/15/31 | 296205 |
| 400000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 8.625% due 4/15/29 | 422521 |
|  |  |  | Global Payments Inc., Senior Unsecured Notes: |  |
| 176000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 6/1/28 | 174359 |
| 44000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 8/15/29 | 41110 |
| 100000 | <sup>EUR</sup> | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 3/17/31 | 119750 |
| 97000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 11/15/31 | 84228 |
| 915000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 8/15/52 | 851079 |
| 185000 |  | BB- | Herc Holdings Inc., Company Guaranteed Notes, 5.500% due 7/15/27(a) | 183733 |
|  |  |  | Moody's Corp., Senior Unsecured Notes: |  |
| 245000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/1/29 | 243295 |
| 42000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 8/19/31 | 35882 |
|  |  |  | PayPal Holdings Inc., Senior Unsecured Notes: |  |
| 10000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.650% due 6/1/25 | 10000 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 10/1/26 | 24469 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.850% due 10/1/29 | 46756 |
| 240000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 6/1/30 | 216044 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 6/1/34 | 24950 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 6/1/50 | 16319 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 6/1/52 | 22202 |
| 140000 |  | BB | Prime Security Services Borrower LLC/Prime Finance Inc., Senior Secured Notes, 3.375% due 8/31/27(a) | 134554 |
| 118000 |  | A- | RELX Capital Inc., Company Guaranteed Notes, 4.000% due 3/18/29 | 116416 |
|  |  |  | S&P Global Inc., Company Guaranteed Notes: |  |
| 50000 |  | A3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 3/1/27 | 48506 |
| 230000 |  | A3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 12/1/49 | 159301 |
| 25000 |  | A3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 3/1/52 | 18441 |
| 25000 |  | A3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 8/15/60 | 12436 |
| 25000 |  | A3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 3/1/62 | 18148 |
|  |  |  | Service Corp. International, Senior Unsecured Notes: |  |
| 200000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 6/1/29 | 198075 |
| 100000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 10/15/32 | 99462 |
| 240000 |  | BB- | Shift4 Payments LLC/Shift4 Payments Finance Sub Inc., Company Guaranteed Notes, 6.750% due 8/15/32(a) | 245018 |
| 200000 | <sup>EUR</sup> | BBB+ | Transurban Finance Co. Pty Ltd., Senior Secured Notes, (Cost—$226,368, acquired 3/6/24), 4.225% due 4/26/33(c) | 237810 |
|  |  |  | United Rentals North America Inc., Company Guaranteed Notes: |  |
| 105000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 2/15/31 | 96950 |
| 120000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 1/15/32 | 107820 |
| 320000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 3/15/34(a) | 324744 |
| 670000 |  | B | Upbound Group Inc., Company Guaranteed Notes, 6.375% due 2/15/29(a) | 641910 |
| 25000 |  | BBB | Verisk Analytics Inc., Senior Unsecured Notes, 4.125% due 3/15/29 | 24631 |
| 480000 | <sup>EUR</sup> | B+ | Verisure Holding AB, Senior Secured Notes, (Cost - $526,371, acquired 12/3/24), 5.500% due 5/15/30(c) | 568143 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Commercial Services - 0.5% - (continued)** | **Commercial Services - 0.5% - (continued)** | **Commercial Services - 0.5% - (continued)** | **Commercial Services - 0.5% - (continued)** |  |
| $170000 |  | B | Wand NewCo 3 Inc., Senior Secured Notes, 7.625% due 1/30/32(a) | $176971 |
| 125000 |  | BB- | Williams Scotsman Inc., Senior Secured Notes, 7.375% due 10/1/31(a) | 130124 |
| 200000 | <sup>EUR</sup> | BBB- | Worldline SA, Senior Unsecured Notes, (Cost - $209,787, acquired 12/3/24), 4.125% due 9/12/28(c) | 222135 |
|  |  |  | Total Commercial Services | 8605603 |
| **Computers - 0.4%** | **Computers - 0.4%** | **Computers - 0.4%** | **Computers - 0.4%** |  |
| 100000 |  | AA- | Accenture Capital Inc., Company Guaranteed Notes, 4.250% due 10/4/31 | 98146 |
| 405000 | <sup>EUR</sup> | BB | Almaviva-The Italian Innovation Co. SpA, Senior Secured Notes, 5.000% due 10/30/30(a) | 473214 |
|  |  |  | Apple Inc., Senior Unsecured Notes: |  |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 2/9/27 | 98846 |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 5/12/28 | 99878 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.200% due 9/11/29 | 46137 |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 5/10/33 | 99220 |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 5/12/35 | 99002 |
| 25000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 2/23/36 | 24538 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 2/8/41 | 34188 |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 5/4/43 | 81715 |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 2/9/45 | 76065 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 5/13/45 | 43311 |
| 25000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 9/12/47 | 19301 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 5/11/50 | 30481 |
| 100000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 2/8/51 | 60546 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 8/5/51 | 30383 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 8/8/52 | 38896 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 2/8/61 | 28874 |
| 25000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.850% due 8/5/61 | 14601 |
| 50000 |  | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 8/8/62 | 38545 |
| 1205000 |  | BBB- | Booz Allen Hamilton Inc., Company Guaranteed Notes, 5.950% due 4/15/35 | 1197645 |
|  |  |  | Dell International LLC/EMC Corp.: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 4/1/32 | 100375 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 12/15/51 | 33010 |
| 23000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 8.350% due 7/15/46 | 28461 |
|  |  |  | DXC Technology Co., Senior Unsecured Notes: |  |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.800% due 9/15/26 | 24054 |
| 88000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 9/15/28 | 80589 |
|  |  |  | Hewlett Packard Enterprise Co., Senior Unsecured Notes: |  |
| 248000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 7/1/28 | 252616 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 10/15/34 | 24305 |
|  |  |  | HP Inc., Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/15/28 | 25081 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 9/15/41 | 24436 |
| 185000 |  | BB+ | Insight Enterprises Inc., Company Guaranteed Notes, 6.625% due 5/15/32(a) | 188662 |
|  |  |  | International Business Machines Corp., Senior Unsecured Notes: |  |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 1/27/27 | 98376 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.700% due 5/15/27 | 95143 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 5/15/39 | 86020 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/20/42 | 81032 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 5/15/49 | 78811 |
|  |  |  | Kyndryl Holdings Inc., Senior Unsecured Notes: |  |
| 460000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.050% due 10/15/26 | 443682 |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 10/15/28 | 23450 |
| 25000 |  | BBB | Leidos Inc., Company Guaranteed Notes, 2.300% due 2/15/31 | 21601 |
| 175000 |  | B+ | NCR Atleos Corp., Senior Secured Notes, 9.500% due 4/1/29(a) | 191263 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |  |
| **Computers - 0.4% - (continued)** | **Computers - 0.4% - (continued)** | **Computers - 0.4% - (continued)** |  |  |
| $225000 | B+ | NCR Voyix Corp., Company Guaranteed Notes, 5.000% due 10/1/28(a) | $| 222064 |
| 1435000 | BBB+ | NetApp Inc., Senior Unsecured Notes, 5.700% due 3/17/35 |  | 1440302 |
|  |  | Seagate HDD Cayman, Company Guaranteed Notes: |  |  |
| 120000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 7/15/29 |  | 108131 |
| 200000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250% due 12/15/29 |  | 213342 |
| 75000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.625% due 12/1/32 |  | 85191 |
|  |  | Total Computers |  | 6703529 |
| **Cosmetics/Personal Care - 0.1%** | **Cosmetics/Personal Care - 0.1%** | **Cosmetics/Personal Care - 0.1%** |  |  |
| 115000 | BB | Edgewell Personal Care Co., Company Guaranteed Notes, 5.500% due 6/1/28(a) |  | 113243 |
|  |  | Estee Lauder Cos Inc. (The), Senior Unsecured Notes: |  |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 3/15/47 |  | 18847 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 12/1/49 |  | 15283 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 5/15/53 |  | 22396 |
|  |  | Kenvue Inc., Company Guaranteed Notes: |  |  |
| 540000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 3/22/33 |  | 541255 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 3/22/53 |  | 45574 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 3/22/63 |  | 22665 |
| 90000 | B+ | Perrigo Finance Unlimited Co., Company Guaranteed Notes, 6.125% due 9/30/32 |  | 89907 |
| 25000 | AA- | Procter & Gamble Co. (The), Senior Unsecured Notes, 3.600% due 3/25/50 |  | 18744 |
|  |  | Total Cosmetics/Personal Care |  | 887914 |
| **Distribution/Wholesale - 0.0%@** | **Distribution/Wholesale - 0.0%@** | **Distribution/Wholesale - 0.0%@** |  |  |
| 110000 | BBB- | American Builders & Contractors Supply Co., Inc., Senior Secured Notes, 4.000% due 1/15/28(a) |  | 106267 |
| 75000 | BB- | RB Global Holdings Inc., Company Guaranteed Notes, 7.750% due 3/15/31(a) |  | 78604 |
| 110000 | BB+ | Resideo Funding Inc., Company Guaranteed Notes, 6.500% due 7/15/32(a) |  | 111028 |
|  |  | Total Distribution/Wholesale |  | 295899 |
| **Diversified Financial Services - 1.0%** | **Diversified Financial Services - 1.0%** | **Diversified Financial Services - 1.0%** | **Diversified Financial Services - 1.0%** | **Diversified Financial Services - 1.0%** |
|  |  | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, Company Guaranteed Notes: |  |  |
| 2560000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 10/29/26 |  | 2481318 |
| 150000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.450% due 4/15/27 |  | 154387 |
| 340000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 10/29/28 |  | 320891 |
| 150000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 10/29/33 |  | 129141 |
| 655000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950% (5-Year CMT Index + 2.720%) due 3/10/55(d) |  | 672371 |
|  |  | Air Lease Corp., Senior Unsecured Notes: |  |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 8/15/26 |  | 48342 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.200% due 1/15/27 |  | 48177 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 12/15/27 |  | 25735 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 2/1/28 |  | 50947 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 9/1/28 |  | 46304 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 2/1/30 |  | 23161 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 12/1/30 |  | 22838 |
| 1325000 | BBB- | Aircastle Ltd., Company Guaranteed Notes, 5.950% due 2/15/29(a) |  | 1359063 |
| 670000 | BBB- | Aircastle Ltd./Aircastle Ireland DAC, Senior Unsecured Notes, 5.250% due 3/15/30(a) |  | 666780 |
|  |  | Ally Financial Inc.: |  |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 6.184% (SOFR + 2.290%) due 7/26/35(d) |  | 24831 |
| 95000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 6.700% due 2/14/33 |  | 96520 |
|  |  | American Express Co., Senior Unsecured Notes: |  |  |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 3/4/27 |  | 97004 |
| 220000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 5/3/29 |  | 218464 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.085% (SOFR + 1.020%) due 1/30/31(d) |  | 101465 |
| 345000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.016% (SOFR + 1.440%) due 4/25/31(d) |  | 348704 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.043% (SOFR + 1.835%) due 5/1/34(d) |  | 99486 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.442% (SOFR + 1.320%) due 1/30/36(d) |  | 100505 |
| 110000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.667% (SOFR + 1.790%) due 4/25/36(d) |  | 112160 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** |
| $100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 12/3/42 | $82915 |
|  |  | Avolon Holdings Funding Ltd.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 953000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.528% due 11/18/27(a) | 898314 |
| 1790000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 1/15/30(a) | 1783189 |
| 500000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 2.750% due 2/21/28(a) | 470065 |
|  |  | Capital One Financial Corp.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 2/9/27 | 49596 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 3/9/27 | 98725 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.817% (SOFR + 2.600%) due 2/1/34(d) | 50586 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.377% (SOFR + 2.860%) due 6/8/34(d) | 52253 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes: |  |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 7/28/26 | 49430 |
| 27000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.359% (SOFR + 1.337%) due 7/29/32(d) | 22345 |
|  |  | Charles Schwab Corp. (The), Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 8/24/26 | 50802 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 3/3/27 | 48437 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 4/1/27 | 24577 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 3/20/28 | 47092 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 2/1/29 | 24786 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.643% (SOFR + 2.210%) due 5/19/29(d) | 51755 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.196% (SOFR + 1.878%) due 11/17/29(d) | 52845 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 3/3/32 | 22027 |
| 1000000 | BBB- | Citadel Finance LLC, Company Guaranteed Notes, 5.900% due 2/10/30(a) | 994945 |
| 759000 | A+ | Credit Suisse USA LLC, Company Guaranteed Notes, 7.125% due 7/15/32 | 848154 |
|  |  | Intercontinental Exchange Inc., Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 9/15/27 | 49548 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 6/15/29 | 49886 |
| 13000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 6/15/30 | 11559 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 9/15/40 | 17710 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 9/21/48 | 20041 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 6/15/50 | 31666 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 6/15/52 | 44226 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 9/15/60 | 29335 |
| 130000 | BB | Jane Street Group/JSG Finance Inc., Senior Secured Notes, 7.125% due 4/30/31(a) | 135919 |
|  |  | Jefferies Financial Group Inc., Senior Unsecured Notes: |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 1/15/27 | 50245 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 7/21/28 | 51341 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 1/23/30 | 48214 |
| 650000 | NR | Lehman Brothers Holdings Inc., Subordinated Notes, 6.750% due 12/28/17\*(g)(h)# |  |
|  |  | Mastercard Inc., Senior Unsecured Notes: |  |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 6/1/49 | 18585 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 3/26/50 | 38325 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 3/15/51 | 15890 |
| 232000 | BBB | Nasdaq Inc., Senior Unsecured Notes, 5.550% due 2/15/34 | 237837 |
| 175000 | B | Nationstar Mortgage Holdings Inc., Company Guaranteed Notes, 5.500% due 8/15/28(a) | 174754 |
|  |  | Nomura Holdings Inc., Senior Unsecured Notes: |  |
| 200000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.653% due 7/14/26 | 193213 |
| 200000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.070% due 7/12/28 | 207642 |
| 250000 | BB | OneMain Finance Corp., Company Guaranteed Notes, 6.625% due 5/15/29 | 252324 |
| 90000 | BB | PRA Group Inc., Company Guaranteed Notes, 5.000% due 10/1/29(a) | 80816 |
| 25000 | BBB- | Radian Group Inc., Senior Unsecured Notes, 4.875% due 3/15/27 | 24956 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** | **Diversified Financial Services - 1.0% - (continued)** |
| $305000 |  | BB | Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer Inc., Company Guaranteed Notes, 3.625% due 3/1/29(a) | $284727 |
| 760000 | <sup>EUR</sup> | B | Sherwood Financing PLC, Senior Secured Notes, (Cost - $799,650, acquired 3/8/24), 4.500% due 11/15/26(c) | 861944 |
| 50000 |  | BBB- | Synchrony Financial, Senior Unsecured Notes, 3.700% due 8/4/26 | 49266 |
| 95000 |  | Ba3(b) | United Wholesale Mortgage LLC, Senior Unsecured Notes, 5.500% due 4/15/29(a) | 91016 |
|  |  |  | Visa Inc., Senior Unsecured Notes: |  |
| 25000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 4/15/40 | 18525 |
| 25000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 9/15/47 | 19035 |
| 50000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 8/15/50 | 26630 |
| 25000 |  | BBB+ | Voya Financial Inc., Company Guaranteed Notes, 3.650% due 6/15/26 | 24773 |
|  |  |  | Total Diversified Financial Services | 16131380 |
| **Electric - 2.7%** | **Electric - 2.7%** | **Electric - 2.7%** | **Electric - 2.7%** | **Electric - 2.7%** |
|  |  |  | AEP Texas Inc., Senior Unsecured Notes: |  |
| 43000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 6/1/33 | 42829 |
| 82000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 1/15/50 | 53947 |
| 41000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 5/15/51 | 26719 |
|  |  |  | AEP Transmission Co. LLC, Senior Unsecured Notes: |  |
| 70000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 12/1/47 | 51568 |
| 59000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 9/15/49 | 38183 |
| 45000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 8/15/51 | 26518 |
| 65000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 6/15/52 | 52791 |
| 80000 |  | BB | AES Corp. (The), Junior Subordinated Notes, 7.600%<br>(5-Year CMT Index + 3.201%) due 1/15/55(d) | 80833 |
|  |  |  | Alabama Power Co., Senior Unsecured Notes: |  |
| 64000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 12/1/47 | 47160 |
| 60000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 10/1/49 | 41294 |
| 116000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 7/15/51 | 74243 |
| 111000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 3/15/52 | 69351 |
|  |  |  | Ameren Illinois Co., 1st Mortgage Notes: |  |
| 43000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 3/15/50 | 28152 |
| 95000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 6/15/51 | 57782 |
| 170000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 7/1/54 | 161851 |
| 150000 |  | A- | American Transmission Systems Inc., Senior Unsecured Notes, 2.650% due 1/15/32(a) | 130049 |
|  |  |  | Arizona Public Service Co., Senior Unsecured Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 8/1/33 | 25190 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 5/15/50 | 16412 |
|  |  |  | Baltimore Gas & Electric Co., Senior Unsecured Notes: |  |
| 174000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 6/1/35 | 175002 |
| 6000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 8/15/46 | 4280 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 8/15/47 | 36810 |
| 80000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 9/15/49 | 52362 |
| 67000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 6/15/50 | 40845 |
| 54000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 6/1/52 | 43921 |
| 65000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 6/1/53 | 59945 |
| 350000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 6/1/54 | 336611 |
| 25000 |  | A- | Berkshire Hathaway Energy Co., Senior Unsecured Notes, 6.125% due 4/1/36 | 26256 |
| 350000 |  | B+ | Calpine Corp., Senior Unsecured Notes, 4.625% due 2/1/29(a) | 341278 |
|  |  |  | CenterPoint Energy Houston Electric LLC: |  |
| 118000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp; 1st Mortgage Notes, 3.600% due 3/1/52 | 82568 |
| 129000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp; General Refinance Mortgage, 4.450% due 10/1/32 | 124673 |
|  |  |  | Comision Federal de Electricidad, Company Guaranteed Notes: |  |
| 1500000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.348% due 2/9/31(a) | 1295213 |
| 1000000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 7/26/33(a) | 831764 |
|  |  |  | Commonwealth Edison Co., 1st Mortgage Notes: |  |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 3/15/36 | 26145 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** |
| $71000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 6/1/55 | $71069 |
|  |  |  | Consolidated Edison Co. of New York Inc., Senior Unsecured Notes: |  |
| 40000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 4/1/50 | 30182 |
| 134000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 11/15/53 | 133247 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 5/15/54 | 96815 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 12/1/54 | 20333 |
| 241000 |  | BBB+ | Constellation Energy Generation LLC, Senior Unsecured Notes, 5.600% due 6/15/42 | 230755 |
|  |  |  | Consumers Energy Co., 1st Mortgage Notes: |  |
| 56000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 8/1/51 | 40056 |
| 53000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 8/15/52 | 31684 |
| 113000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 9/1/52 | 89751 |
| 1600000 |  | BBB- | Dominion Energy Inc., Junior Subordinated Notes, 6.625%<br>(5-Year CMT Index + 2.207%) due 5/15/55(d) | 1604663 |
| 83000 |  | A | Dominion Energy South Carolina Inc., 1st Mortgage Notes, 6.250% due 10/15/53 | 86863 |
|  |  |  | DTE Electric Co., General Refinance Mortgage: |  |
| 350000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 3/1/34 | 351073 |
| 180000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 4/1/51 | 120378 |
|  |  |  | Duke Energy Carolinas LLC, 1st Mortgage Notes: |  |
| 204000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 11/15/28 | 201708 |
| 140000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 1/15/33 | 139897 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 4/15/38 | 26095 |
| 500000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 12/15/41 | 415207 |
| 105000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 8/15/49 | 68655 |
| 80000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 3/15/52 | 55552 |
| 227000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 1/15/53 | 209472 |
|  |  |  | Duke Energy Corp., Senior Unsecured Notes: |  |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 9/1/26 | 48936 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 1/5/27 | 50342 |
| 700000 | <sup>EUR</sup> | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 6/15/28 | 800549 |
|  |  |  | Duke Energy Florida LLC, 1st Mortgage Notes: |  |
| 145000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 12/1/29 | 133702 |
| 233000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 6/15/30 | 203276 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400% due 6/15/38 | 26890 |
| 24000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 7/15/48 | 18672 |
| 26000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 11/15/52 | 25938 |
| 350000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 11/15/53 | 360518 |
| 380000 |  | A | Duke Energy Indiana LLC, 1st Mortgage Notes, 2.750% due 4/1/50 | 224994 |
|  |  |  | Duke Energy Ohio Inc., 1st Mortgage Notes: |  |
| 529000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 2/1/29 | 516577 |
| 20000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 4/1/53 | 18980 |
|  |  |  | Duke Energy Progress LLC, 1st Mortgage Notes: |  |
| 130000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 3/15/29 | 125718 |
| 43000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/15/33 | 43669 |
| 81000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 12/1/44 | 64472 |
| 67000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 8/15/51 | 40388 |
|  |  |  | Edison International: |  |
| 390000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 8.125% (5-Year CMT Index + 3.864%) due 6/15/53(d) | 386225 |
| 180000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 6.950% due 11/15/29 | 186699 |
|  |  |  | Electricite de France SA: |  |
| 2005000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 5.750% due 1/13/35(a) | 2022568 |
| 600000 | <sup>EUR</sup> | B+ | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, (Cost - $704,029, acquired 12/9/24), 7.500%<br>(5-Year EUR Swap Rate + 4.860%)(c)(d)(e) | 750908 |
| 1725000 |  | BB+ | Emera Inc., Junior Subordinated Notes, 6.750%<br>(3-Month USD-LIBOR + 5.440%) due 6/15/76(d) | 1741489 |
| 770000 |  | BBB- | Emera US Finance LP, Company Guaranteed Notes, 2.639% due 6/15/31 | 662851 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** |  |
|  |  |  | Entergy Arkansas LLC, 1st Mortgage Notes: |  |
| $87000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 6/15/52 | $56443 |
| 350000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 6/1/54 | 337291 |
| 320000 |  | BBB- | Entergy Corp., Junior Subordinated Notes, 7.125%<br>(5-Year CMT Index + 2.670%) due 12/1/54(d) | 327962 |
|  |  |  | Entergy Louisiana LLC: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1st Mortgage Notes: |  |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 9/15/34 | 24699 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 3/15/51 | 15053 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp; Collateral Trust, 4.200% due 9/1/48 | 19366 |
|  |  |  | Entergy Mississippi LLC, 1st Mortgage Notes: |  |
| 370000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 9/1/33 | 365737 |
| 475000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 4/15/55 | 459105 |
| 565000 |  | A | Entergy Texas Inc., 1st Mortgage Notes, 5.550% due 9/15/54 | 523048 |
| 200000 | <sup>EUR</sup> | A- | ESB Finance DAC, Company Guaranteed Notes, (Cost - $222,761, acquired 3/6/24), 4.000% due 10/3/28(c) | 235686 |
| 855000 |  | BB+(i) | EUSHI Finance Inc., Company Guaranteed Notes, 7.625%<br>(5-Year CMT Index + 3.136%) due 12/15/54(d) | 875827 |
| 725000 |  | BBB- | Evergy Inc., Junior Subordinated Notes, 6.650% (5-Year CMT Index + 2.558%) due 6/1/55(d) | 719437 |
| 128000 |  | BBB | Eversource Energy, Senior Unsecured Notes, 5.450% due 3/1/28 | 130776 |
| 170000 |  | BBB | Exelon Corp., Junior Subordinated Notes, 6.500%<br>(5-Year CMT Index + 1.975%) due 3/15/55(d) | 169675 |
|  |  |  | FirstEnergy Corp., Senior Unsecured Notes: |  |
| 60000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.600% due 1/15/26 | 58849 |
| 470000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 7/15/27 | 463291 |
| 240000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 7/15/47 | 197651 |
|  |  |  | Florida Power & Light Co., 1st Mortgage Notes: |  |
| 25000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 2/1/37 | 25857 |
| 251000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 3/1/48 | 193980 |
| 122000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 12/4/51 | 74765 |
| 230000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 3/15/55 | 226149 |
|  |  |  | Georgia Power Co., Senior Unsecured Notes: |  |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.004% due 2/23/27 | 50663 |
| 278000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 5/17/33 | 275692 |
| 430000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/15/34 | 431727 |
| 520000 |  | BBB+ | ITC Holdings Corp., Senior Unsecured Notes, 5.650% due 5/9/34(a) | 522722 |
|  |  |  | MidAmerican Energy Co., 1st Mortgage Notes: |  |
| 47000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 5/1/27 | 46109 |
| 141000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 9/15/54 | 140191 |
| 167000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 2/1/55 | 153070 |
| 100000 |  | A- | National Rural Utilities Cooperative Finance Corp., Senior Unsecured Notes, 4.850% due 2/7/29 | 101043 |
|  |  |  | NextEra Energy Capital Holdings Inc., Company Guaranteed Notes: |  |
| 250000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 1/15/27 | 239843 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 6/1/30 | 44460 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 2/28/33 | 49661 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/15/34 | 49621 |
| 160000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% (5-Year CMT Index + 1.979%) due 8/15/55(d) | 161507 |
|  |  |  | Northern States Power Co., 1st Mortgage Notes: |  |
| 211000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 3/1/50 | 132311 |
| 136000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 6/1/51 | 79346 |
| 62000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 5/15/53 | 55747 |
|  |  |  | NRG Energy Inc., Company Guaranteed Notes: |  |
| 205000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 1/15/28 | 205847 |
| 345000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 6/15/29(a) | 341354 |
|  |  |  | Ohio Power Co., Senior Unsecured Notes: |  |
| 113000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 4/1/30 | 102889 |
| 89000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 6/1/33 | 87076 |
| 66000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/1/49 | 48092 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** |  |
| $438000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 10/1/51 | $257554 |
|  |  | Oncor Electric Delivery Co. LLC: |  |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; 1st Mortgage Notes, 2.700% due 11/15/51 | 14233 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 9/15/32 | 48676 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 11/15/33 | 51771 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 9/15/52 | 43125 |
|  |  | Pacific Gas & Electric Co., 1st Mortgage Notes: |  |
| 500000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 6/15/27 | 505052 |
| 2090000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 7/1/30 | 2023262 |
| 89000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 2/1/31 | 76466 |
| 136000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 1/15/33 | 138240 |
| 179000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400% due 6/15/33 | 184002 |
| 111000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950% due 3/15/34 | 117808 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 7/1/40 | 81827 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 8/1/40 | 35601 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 7/1/50 | 39624 |
| 90000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 8/1/50 | 56884 |
| 180000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 1/15/53 | 178856 |
| 55000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.700% due 4/1/53 | 54437 |
|  |  | PacifiCorp, 1st Mortgage Notes: |  |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 2/15/34 | 49859 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 4/1/37 | 24934 |
|  |  | PECO Energy Co., 1st Mortgage Notes: |  |
| 46000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 3/15/51 | 28759 |
| 74000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 5/15/52 | 61451 |
| 91000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 8/15/52 | 73166 |
|  |  | PG&E Corp.: |  |
| 1435000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 7.375% (5-Year CMT Index + 3.883%) due 3/15/55(d) | 1408761 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 145000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 7/1/28 | 141562 |
| 180000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 7/1/30 | 174786 |
| 100000 | AAA | PG&E Recovery Funding LLC, Senior Secured Notes, 5.231% due 6/1/42 | 98514 |
|  |  | PPL Electric Utilities Corp., 1st Mortgage Notes: |  |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 5/15/33 | 25000 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 2/15/34 | 24619 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 5/15/53 | 23214 |
| 860000 | BBB | PSEG Power LLC, Senior Unsecured Notes, 5.750% due 5/15/35(a) | 864032 |
| 270000 | A | Public Service Co. of Colorado, 1st Mortgage Notes, 2.700% due 1/15/51 | 155430 |
| 102000 | A | Public Service Co. of New Hampshire, 1st Mortgage Notes, 5.150% due 1/15/53 | 91173 |
|  |  | Public Service Electric & Gas Co., 1st Mortgage Notes: |  |
| 199000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 5/15/29 | 190750 |
| 185000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 12/15/32 | 186272 |
| 350000 | A- | Puget Sound Energy Inc., Senior Secured Notes, 5.685% due 6/15/54 | 333858 |
|  |  | San Diego Gas & Electric Co., 1st Mortgage Notes: |  |
| 370000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.320% due 4/15/50 | 240799 |
| 120000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 4/1/53 | 108642 |
|  |  | Sempra: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 230000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% (5-Year CMT Index + 2.789%) due 10/1/54(d) | 224813 |
| 905000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% (5-Year CMT Index + 2.354%) due 4/1/55(d) | 855145 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 3.800% due 2/1/38 | 20217 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** | **Electric - 2.7% - (continued)** |  |
|  |  | Southern California Edison Co.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1st Mortgage Notes: |  |
| $410000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 3/1/28 | $414443 |
| 208000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 10/1/28 | 212102 |
| 199000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 11/1/32 | 202109 |
| 619000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 6/1/34 | 592564 |
| 660000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/1/35 | 637967 |
| 60000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 6/1/51 | 38331 |
| 55000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 12/1/53 | 49079 |
| 850000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 4/15/54 | 747241 |
| 1500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 3/1/55 | 1344872 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 1st Refinanced Mortgage Notes, 5.950% due 2/1/38 | 24373 |
| 550000 | A- | Southwestern Public Service Co., 1st Mortgage Notes, 6.000% due 6/1/54 | 538519 |
|  |  | Union Electric Co., 1st Mortgage Notes: |  |
| 350000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 4/1/34 | 349806 |
| 51000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/15/53 | 47803 |
|  |  | Virginia Electric & Power Co., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 5/15/37 | 25757 |
| 52000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 11/15/51 | 31433 |
| 126000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 8/15/53 | 119909 |
| 15000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 1/15/54 | 13623 |
|  |  | Vistra Operations Co. LLC: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 435000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 7/31/27(a) | 433948 |
| 185000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 10/15/31(a) | 196286 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 1722000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 1/30/27(a) | 1689725 |
| 710000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 4/15/34(a) | 720533 |
|  |  | Wisconsin Power & Light Co., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 3/30/34 | 25025 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 4/1/50 | 17386 |
|  |  | Total Electric | 43585987 |
| **Electrical Components & Equipment - 0.0%@** | **Electrical Components & Equipment - 0.0%@** | **Electrical Components & Equipment - 0.0%@** |  |
|  |  | Emerson Electric Co., Senior Unsecured Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 10/15/50 | 15330 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 12/21/51 | 15168 |
| 110000 | B | Energizer Holdings Inc., Company Guaranteed Notes, 4.750% due 6/15/28(a) | 106172 |
| 85000 | BB+ | EnerSys, Company Guaranteed Notes, 6.625% due 1/15/32(a) | 86898 |
| 440000 | BB | WESCO Distribution Inc., Company Guaranteed Notes, 6.625% due 3/15/32(a) | 451752 |
|  |  | Total Electrical Components & Equipment | 675320 |
| **Electronics - 0.1%** | **Electronics - 0.1%** | **Electronics - 0.1%** |  |
| 140000 | B+ | Coherent Corp., Company Guaranteed Notes, 5.000% due 12/15/29(a) | 135800 |
|  |  | Honeywell International Inc., Senior Unsecured Notes: |  |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 11/1/26 | 97400 |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.100% due 3/1/27 | 94608 |
| 220000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/1/35 | 217841 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.812% due 11/21/47 | 18751 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 6/1/50 | 30818 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/1/54 | 23117 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 3/1/64 | 22802 |
| 190000 | BB | Imola Merger Corp., Senior Secured Notes, 4.750% due 5/15/29(a) | 182185 |
| 80000 | BB+ | Sensata Technologies BV, Company Guaranteed Notes, 5.875% due 9/1/30(a) | 79169 |
| 185000 | BB+ | Sensata Technologies Inc., Company Guaranteed Notes, 4.375% due 2/15/30(a) | 174162 |
|  |  | Total Electronics | 1076653 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Energy - Alternate Sources - 0.0%@** | **Energy - Alternate Sources - 0.0%@** | **Energy - Alternate Sources - 0.0%@** | **Energy - Alternate Sources - 0.0%@** |  |
| $85000 |  | BB- | TerraForm Power Operating LLC, Company Guaranteed Notes, 4.750% due 1/15/30(a) | $80164 |
| **Engineering & Construction - 0.0%@** | **Engineering & Construction - 0.0%@** | **Engineering & Construction - 0.0%@** | **Engineering & Construction - 0.0%@** |  |
| 290000 |  | BBB- | CIMIC Finance USA Pty Ltd., Company Guaranteed Notes, 7.000% due 3/25/34(a) | 303392 |
| 120000 |  | BB | Dycom Industries Inc., Company Guaranteed Notes, 4.500% due 4/15/29(a) | 115544 |
| 220000 |  | BB | Global Infrastructure Solutions Inc., Company Guaranteed Notes, 5.625% due 6/1/29(a) | 214877 |
|  |  |  | Total Engineering & Construction | 633813 |
| **Entertainment - 0.4%** | **Entertainment - 0.4%** | **Entertainment - 0.4%** | **Entertainment - 0.4%** |  |
| 450000 | <sup>EUR</sup> | B- | 888 Acquisitions Ltd., Senior Secured Notes, 7.558% due 7/15/27(a) | 513875 |
| 120000 |  | B | Boyne USA Inc., Senior Unsecured Notes, 4.750% due 5/15/29(a) | 115395 |
|  |  |  | Caesars Entertainment Inc.: |  |
| 235000 |  | B- | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 4.625% due 10/15/29(a) | 219894 |
| 90000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 7.000% due 2/15/30(a) | 92387 |
| 65000 |  | BB- | Cinemark USA Inc., Company Guaranteed Notes, 5.250% due 7/15/28(a) | 64165 |
| 330000 |  | B+ | Live Nation Entertainment Inc., Company Guaranteed Notes, 4.750% due 10/15/27(a) | 324492 |
| 400000 | <sup>EUR</sup> | B | Motion Finco Sarl, Senior Secured Notes, (Cost - $441,229, acquired 3/21/25), 7.375% due 6/15/30(c) | 436835 |
| 45000 |  | BB- | Six Flags Entertainment Corp., Company Guaranteed Notes, 7.250% due 5/15/31(a) | 46011 |
| 270000 |  | BB- | Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp., Company Guaranteed Notes, 5.250% due 7/15/29 | 262346 |
| 73000 |  | BBB- | Six Flags Entertainment Corp./Six Flags Theme Parks Inc./Canada's Wonderland Co., Senior Secured Notes, 6.625% due 5/1/32(a) | 74469 |
| 700000 | <sup>EUR</sup> | BBB+ | Universal Music Group NV, Senior Unsecured Notes,<br>(Cost - $780,944, acquired 12/3/24), 4.000% due 6/13/31(c) | 829884 |
| 165000 |  | BB- | Vail Resorts Inc., Company Guaranteed Notes, 6.500% due 5/15/32(a) | 169082 |
|  |  |  | Warnermedia Holdings Inc., Company Guaranteed Notes: |  |
| 100000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.755% due 3/15/27 | 96927 |
| 100000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.054% due 3/15/29 | 93133 |
| 565000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.279% due 3/15/32 | 479674 |
| 2366000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.141% due 3/15/52 | 1533230 |
| 310000 |  | BB- | Wynn Resorts Finance LLC/Wynn Resorts Capital Corp., Company Guaranteed Notes, 7.125% due 2/15/31(a) | 325312 |
|  |  |  | Total Entertainment | 5677111 |
| **Environmental Control - 0.1%** | **Environmental Control - 0.1%** | **Environmental Control - 0.1%** | **Environmental Control - 0.1%** |  |
| 58000 |  | BB+ | Clean Harbors Inc., Company Guaranteed Notes, 6.375% due 2/1/31(a) | 59059 |
| 305000 |  | BB | GFL Environmental Inc., Senior Secured Notes, 6.750% due 1/15/31(a) | 316754 |
|  |  |  | Republic Services Inc., Senior Unsecured Notes: |  |
| 66000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 11/15/27 | 64624 |
| 260000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 4/1/29 | 264272 |
|  |  |  | Waste Connections Inc., Senior Unsecured Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 4/1/50 | 16103 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 1/15/52 | 15433 |
| 50000 |  | A- | Waste Management Inc., Company Guaranteed Notes, 2.950% due 6/1/41 | 36120 |
| 285000 |  | BB | Wrangler Holdco Corp., Company Guaranteed Notes, 6.625% due 4/1/32(a) | 294062 |
|  |  |  | Total Environmental Control | 1066427 |
| **Food - 0.5%** | **Food - 0.5%** | **Food - 0.5%** | **Food - 0.5%** |  |
| 500000 |  | BB+ | Albertsons Cos Inc./Safeway Inc./New Albertsons LP/Albertsons LLC, Company Guaranteed Notes, 5.875% due 2/15/28(a) | 499935 |
| 100000 |  | BBB- | Conagra Brands Inc., Senior Unsecured Notes, 5.300% due 10/1/26 | 100786 |
| 400000 | <sup>EUR</sup> | B | Flora Food Management BV, Senior Secured Notes, (Cost - $445,166, acquired 3/21/25), 6.875% due 7/2/29(c) | 468560 |
|  |  |  | General Mills Inc., Senior Unsecured Notes: |  |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 2/10/27 | 49071 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 2/1/51 | 15533 |
| 620000 | <sup>GBP</sup> | B | Iceland Bondsco PLC, Senior Secured Notes, (Cost - $825,024, acquired 5/29/24), 10.875% due 12/15/27(c) | 887634 |
|  |  |  | J.M. Smucker Co. (The), Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 3/15/35 | 22729 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 11/15/53 | 26261 |
|  |  |  | JBS USA Holding Lux Sarl/JBS USA Food Co./JBS Lux Co. Sarl, Company Guaranteed Notes: |  |
| 100000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 1/15/27 | 96512 |
| 370000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 1/15/32 | 332853 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Food - 0.5% - (continued)** | **Food - 0.5% - (continued)** | **Food - 0.5% - (continued)** | **Food - 0.5% - (continued)** |  |
| $50000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 2/2/52 | $37663 |
| 50000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 12/1/52 | 50707 |
|  |  |  | Kraft Heinz Foods Co., Company Guaranteed Notes: |  |
| 10000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 6/1/26 | 9847 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 1/26/39 | 26954 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 2/9/40 | 26153 |
| 180000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 7/15/45 | 159555 |
| 75000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 6/1/46 | 59085 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 10/1/49 | 41752 |
|  |  |  | Kroger Co. (The), Senior Unsecured Notes: |  |
| 290000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 9/15/34 | 282192 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 10/15/46 | 18386 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 2/1/47 | 20092 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 1/15/49 | 22679 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 1/15/50 | 18371 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 9/15/54 | 23122 |
| 70000 |  | BB+ | Lamb Weston Holdings Inc., Company Guaranteed Notes, 4.125% due 1/31/30(a) | 66087 |
|  |  |  | Mars Inc.: |  |
| 230000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 3.200% due 4/1/30(a) | 216121 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 70000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/1/32(a) | 70189 |
| 1325000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 3/1/35(a) | 1318844 |
| 1845000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 5/1/55(a) | 1791222 |
| 175000 |  | BB | Performance Food Group Inc., Company Guaranteed Notes, 5.500% due 10/15/27(a) | 174431 |
| 215000 |  | BB | Post Holdings Inc., Senior Secured Notes, 6.250% due 2/15/32(a) | 218875 |
|  |  |  | Sysco Corp., Company Guaranteed Notes: |  |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 7/15/26 | 49336 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 4/1/30 | 26301 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 3/15/48 | 20134 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 12/14/51 | 15464 |
| 25000 |  | BBB | Tyson Foods Inc., Senior Unsecured Notes, 5.100% due 9/28/48 | 21840 |
| 60000 |  | BB+ | US Foods Inc., Company Guaranteed Notes, 5.750% due 4/15/33(a) | 59090 |
|  |  |  | Total Food | 7344366 |
| **Forest Products & Paper - 0.0%@** | **Forest Products & Paper - 0.0%@** | **Forest Products & Paper - 0.0%@** | **Forest Products & Paper - 0.0%@** |  |
|  |  |  | International Paper Co., Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 11/15/41 | 24630 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 6/15/44 | 21087 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 8/15/48 | 19356 |
| 50000 |  | BBB- | Suzano Austria GmbH, Company Guaranteed Notes, 3.750% due 1/15/31 | 45357 |
|  |  |  | Total Forest Products & Paper | 110430 |
| **Gas - 0.2%** | **Gas - 0.2%** | **Gas - 0.2%** | **Gas - 0.2%** |  |
| 1000000 | <sup>EUR</sup> | BBB | APA Infrastructure Ltd., (Cost - $990,141, acquired 5/31/24), Company Guaranteed Notes, 2.000% due 7/15/30(c) | 1073332 |
| 92000 |  | A- | Atmos Energy Corp., Senior Unsecured Notes, 4.125% due 10/15/44 | 74556 |
| 790000 |  | BBB+ | Brooklyn Union Gas Co. (The), Senior Unsecured Notes, 6.388% due 9/15/33(a) | 824509 |
|  |  |  | CenterPoint Energy Resources Corp., Senior Unsecured Notes: |  |
| 108000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/1/28 | 110217 |
| 52000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 10/1/30 | 44683 |
| 25000 |  | BBB- | National Fuel Gas Co., Senior Unsecured Notes, 5.500% due 3/15/30 | 25485 |
|  |  |  | NiSource Inc., Senior Unsecured Notes: |  |
| 75000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.490% due 5/15/27 | 73508 |
| 61000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/30/28 | 62157 |
| 153000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 5/1/30 | 145568 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Gas - 0.2% - (continued)** | **Gas - 0.2% - (continued)** | **Gas - 0.2% - (continued)** |  |
|  |  | Piedmont Natural Gas Co., Inc., Senior Unsecured Notes: |  |
| $90000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/1/29 | $86248 |
| 96000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 3/15/31 | 84267 |
| 109000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 6/1/50 | 70202 |
| 55000 | BBB | Southwest Gas Corp., Senior Unsecured Notes, 5.450% due 3/23/28 | 56073 |
| 75000 | A | Spire Missouri Inc., 1st Mortgage Notes, 4.800% due 2/15/33 | 73575 |
|  |  | Total Gas | 2804380 |
| **Healthcare - Products - 0.2%** | **Healthcare - Products - 0.2%** | **Healthcare - Products - 0.2%** |  |
|  |  | Abbott Laboratories, Senior Unsecured Notes: |  |
| 50000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 11/30/36 | 48837 |
| 75000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 11/30/46 | 69429 |
| 60000 | BBB+ | Agilent Technologies Inc., Senior Unsecured Notes, 2.300% due 3/12/31 | 52430 |
| 145000 | BB | Avantor Funding Inc., Company Guaranteed Notes, 4.625% due 7/15/28(a) | 141363 |
|  |  | Baxter International Inc., Senior Unsecured Notes: |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.915% due 2/1/27 | 47820 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.132% due 12/1/51 | 15353 |
| 25000 | A- | Boston Scientific Corp., Senior Unsecured Notes, 4.700% due 3/1/49 | 21933 |
|  |  | Danaher Corp., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 10/1/50 | 14653 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 12/10/51 | 15079 |
| 25000 | A- | DH Europe Finance II Sarl, Company Guaranteed Notes, 3.400% due 11/15/49 | 17306 |
| 140000 | BB+ | Hologic Inc., Company Guaranteed Notes, 3.250% due 2/15/29(a) | 133868 |
| 525000 | BB- | Medline Borrower LP/Medline Co.-Issuer Inc., Senior Secured Notes, 6.250% due 4/1/29(a) | 534877 |
|  |  | Medtronic Inc., Company Guaranteed Notes: |  |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 3/15/35 | 47482 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 3/15/45 | 43741 |
|  |  | Solventum Corp., Company Guaranteed Notes: |  |
| 420000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 3/1/29 | 428440 |
| 430000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/13/31 | 439882 |
| 590000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 3/23/34 | 594583 |
| 465000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 4/30/54 | 445859 |
|  |  | Stryker Corp., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 3/15/46 | 21395 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 6/15/50 | 15907 |
|  |  | Thermo Fisher Scientific Inc., Senior Unsecured Notes: |  |
| 164000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 10/15/31 | 140927 |
| 200000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.086% due 8/10/33 | 201671 |
|  |  | Total Healthcare - Products | 3492835 |
| **Healthcare - Services - 0.6%** | **Healthcare - Services - 0.6%** | **Healthcare - Services - 0.6%** |  |
| 175000 | B+ | Acadia Healthcare Co., Inc., Company Guaranteed Notes, 5.500% due 7/1/28(a) | 172813 |
|  |  | Aetna Inc., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 6/15/36 | 26324 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/15/44 | 20514 |
|  |  | Centene Corp., Senior Unsecured Notes: |  |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 12/15/27 | 48860 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 7/15/28 | 46070 |
| 100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 12/15/29 | 96487 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 2/15/30 | 45588 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 10/15/30 | 44001 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 3/1/31 | 42479 |
| 100000 | BB | Charles River Laboratories International Inc., Company Guaranteed Notes, 3.750% due 3/15/29(a) | 92897 |
| 115000 | B- | CHS/Community Health Systems Inc., Senior Secured Notes, 5.625% due 3/15/27(a) | 113333 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Healthcare - Services - 0.6% - (continued)** | **Healthcare - Services - 0.6% - (continued)** | **Healthcare - Services - 0.6% - (continued)** |  |
|  |  | Cigna Group (The): |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| $100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 3/1/27 | $98256 |
| 930000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 10/15/28 | 924641 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 8/15/38 | 45673 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 7/15/46 | 42386 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 10/15/47 | 18107 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 12/15/48 | 21147 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 3/15/50 | 32619 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 3/15/51 | 32464 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 2/15/54 | 23076 |
| 100000 | A | City of Hope, Senior Secured Notes, 5.623% due 11/15/43 | 94024 |
|  |  | CommonSpirit Health, Senior Secured Notes: |  |
| 50000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.817% due 10/1/49 | 35536 |
| 95000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.910% due 10/1/50 | 67471 |
| 100000 | AA | Corewell Health Obligated Group, Senior Unsecured Notes, 3.487% due 7/15/49 | 69650 |
|  |  | DaVita Inc., Company Guaranteed Notes: |  |
| 255000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 6/1/30(a) | 238390 |
| 290000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 9/1/32(a) | 294666 |
| 50000 | AA- | Duke University Health System Inc., Senior Unsecured Notes, 3.920% due 6/1/47 | 38068 |
|  |  | Elevance Health Inc., Senior Unsecured Notes: |  |
| 97000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 3/1/48 | 78500 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 5/15/50 | 15770 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 3/15/51 | 17058 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 5/15/52 | 19892 |
| 66000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.100% due 10/15/52 | 65458 |
| 180000 | BB- | Encompass Health Corp., Company Guaranteed Notes, 4.750% due 2/1/30 | 175612 |
| 140000 | A | Franciscan Missionaries of Our Lady Health System Inc., Secured Notes, 3.914% due 7/1/49 | 100795 |
|  |  | HCA Inc., Company Guaranteed Notes: |  |
| 216000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 6/15/26 | 216249 |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 6/1/28 | 202823 |
| 90000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 2/1/29 | 92860 |
| 104000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 6/15/29 | 101228 |
| 805000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 9/1/30 | 750320 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 6/15/39 | 22897 |
| 178000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 7/15/51 | 113996 |
| 150000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 4/1/54 | 142241 |
| 830000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 9/15/54 | 782022 |
| 390000 | A- | Highmark Inc., Senior Unsecured Notes, 2.550% due 5/10/31(a) | 330828 |
| 41000 | AA | Hoag Memorial Hospital Presbyterian, Unsecured Notes, 3.803% due 7/15/52 | 29734 |
|  |  | Humana Inc., Senior Unsecured Notes: |  |
| 57000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.350% due 2/3/27 | 54275 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 3/15/27 | 49651 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 3/1/33 | 25387 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 3/15/34 | 25369 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 8/15/49 | 17333 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/15/53 | 21686 |
| 100000 | AA- | Kaiser Foundation Hospitals, Company Guaranteed Notes, 4.875% due 4/1/42 | 90626 |
| 88000 | A+ | Mount Nittany Medical Center Obligated Group, Unsecured Notes, 3.799% due 11/15/52 | 63354 |
| 90000 | Aa2(b) | Nationwide Children's Hospital Inc., Unsecured Notes, 4.556% due 11/1/52 | 75558 |
| 75000 | BB- | Pediatrix Medical Group Inc., Company Guaranteed Notes, 5.375% due 2/15/30(a) | 72620 |
| 90000 | AA- | Presbyterian Healthcare Services, Unsecured Notes, 4.875% due 8/1/52 | 78776 |
| 110000 | AA- | Queen's Health Systems (The), Secured Notes, 4.810% due 7/1/52 | 95726 |
| 240000 | AA | Roche Holdings Inc., Company Guaranteed Notes, 2.607% due 12/13/51(a) | 140773 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Healthcare - Services - 0.6% - (continued)** | **Healthcare - Services - 0.6% - (continued)** | **Healthcare - Services - 0.6% - (continued)** |  |
| $65000 | Aa2(b) | Seattle Children's Hospital, Unsecured Notes, 2.719% due 10/1/50 | $38494 |
|  |  | Tenet Healthcare Corp., Senior Secured Notes: |  |
| 555000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 6/15/28 | 544330 |
| 430000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 6/15/30 | 434398 |
|  |  | UnitedHealth Group Inc., Senior Unsecured Notes: |  |
| 60000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 1/15/26 | 58741 |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 1/15/27 | 98442 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 10/15/27 | 48284 |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 6/15/28 | 98297 |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/15/29 | 98739 |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 5/15/31 | 86734 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/15/33 | 47659 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 3/15/36 | 25527 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 8/15/39 | 39132 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 5/15/40 | 17442 |
| 153000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 10/15/47 | 109573 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 6/15/48 | 19300 |
| 375000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 8/15/49 | 262624 |
| 224000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 5/15/51 | 142806 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 5/15/52 | 41015 |
| 885000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 4/15/53 | 759465 |
| 120000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/15/59 | 80891 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 5/15/60 | 28863 |
| 65000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 5/15/62 | 53360 |
| 53000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 4/15/63 | 45149 |
|  |  | Total Healthcare - Services | 10074222 |
| **Home Builders - 0.0%@** | **Home Builders - 0.0%@** | **Home Builders - 0.0%@** |  |
| 10000 | BBB | Lennar Corp., Company Guaranteed Notes, 4.750% due 11/29/27 | 10031 |
| 60000 | BB- | LGI Homes Inc., Company Guaranteed Notes, 8.750% due 12/15/28(a) | 61781 |
| 35000 | BBB | MDC Holdings Inc., Company Guaranteed Notes, 6.000% due 1/15/43 | 30978 |
|  |  | Total Home Builders | 102790 |
| **Home Furnishings - 0.0%@** | **Home Furnishings - 0.0%@** | **Home Furnishings - 0.0%@** |  |
| 220000 | BB- | Somnigroup International Inc., Company Guaranteed Notes, 4.000% due 4/15/29(a) | 207437 |
| **Household Products/Wares - 0.0%@** | **Household Products/Wares - 0.0%@** | **Household Products/Wares - 0.0%@** |  |
| 165000 | B | ACCO Brands Corp., Company Guaranteed Notes, 4.250% due 3/15/29(a) | 145926 |
| 265000 | BB | Central Garden & Pet Co., Company Guaranteed Notes, 4.125% due 10/15/30 | 245258 |
| 25000 | A | Kimberly-Clark Corp., Senior Unsecured Notes, 3.200% due 7/30/46 | 17282 |
|  |  | Total Household Products/Wares | 408466 |
| **Housewares - 0.0%@** | **Housewares - 0.0%@** | **Housewares - 0.0%@** |  |
|  |  | Newell Brands Inc., Senior Unsecured Notes: |  |
| 340000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 9/15/29 | 329644 |
| 105000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 5/15/30 | 98791 |
| 230000 | B- | Scotts Miracle-Gro Co. (The), Company Guaranteed Notes, 4.500% due 10/15/29 | 218884 |
|  |  | Total Housewares | 647319 |
| **Insurance - 1.4%** | **Insurance - 1.4%** | **Insurance - 1.4%** |  |
| 2055000 | A- | 200 Park Funding Trust, Senior Unsecured Notes, 5.740% due 2/15/55(a) | 1979127 |
|  |  | Aflac Inc., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 4/1/30 | 24100 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/15/49 | 20984 |
|  |  | Allianz SE, Subordinated Notes: |  |
| 1000000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.350% (5-Year CMT Index + 3.232%) due 9/6/53(a)(d) | 1031307 |
| 1000000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% (5-Year CMT Index + 2.771%) due 9/3/54(a)(d) | 981028 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Insurance - 1.4% - (continued)** | **Insurance - 1.4% - (continued)** | **Insurance - 1.4% - (continued)** |  |
|  |  | Allstate Corp. (The), Senior Unsecured Notes: |  |
| $25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.450% due 12/15/30 | $21104 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/30/33 | 25287 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 12/15/46 | 19838 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 8/10/49 | 18444 |
|  |  | American International Group Inc., Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 3/27/33 | 49984 |
| 83000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 4/1/48 | 71428 |
|  |  | Aon Corp., Company Guaranteed Notes: |  |
| 22000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 12/15/28 | 22062 |
| 49000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 5/2/29 | 47562 |
| 38000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 5/15/30 | 34801 |
| 50000 | A- | Aon Corp./Aon Global Holdings PLC, Company Guaranteed Notes, 5.350% due 2/28/33 | 50738 |
|  |  | Aon North America Inc., Company Guaranteed Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/1/34 | 50502 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/1/54 | 47778 |
| 25000 | BBB+ | Arch Capital Group Ltd., Senior Unsecured Notes, 3.635% due 6/30/50 | 17627 |
|  |  | Arthur J. Gallagher & Co., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 7/15/34 | 25241 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 5/20/51 | 16816 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/2/53 | 23909 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 7/15/54 | 23751 |
| 25000 | A | Assured Guaranty US Holdings Inc., Company Guaranteed Notes, 3.150% due 6/15/31 | 22758 |
|  |  | Athene Holding Ltd., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 4/3/30 | 26230 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 1/15/31 | 23179 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 1/15/34 | 25285 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 4/1/54 | 47745 |
|  |  | Berkshire Hathaway Finance Corp., Company Guaranteed Notes: |  |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.450% due 10/15/30 | 21691 |
| 50000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 3/15/32 | 45669 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 1/15/40 | 26434 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 5/15/42 | 22566 |
| 50000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 8/15/48 | 40941 |
| 460000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/15/49 | 380261 |
| 50000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.850% due 10/15/50 | 31390 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 1/15/51 | 14498 |
| 75000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 3/15/52 | 56225 |
| 25000 | AA | Berkshire Hathaway Inc., Senior Unsecured Notes, 4.500% due 2/11/43 | 22681 |
| 25000 | BBB+ | Brighthouse Financial Inc., Senior Unsecured Notes, 5.625% due 5/15/30 | 25402 |
|  |  | Brown & Brown Inc., Senior Unsecured Notes: |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 3/15/29 | 24787 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 3/15/31 | 21671 |
|  |  | Chubb INA Holdings LLC, Company Guaranteed Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 9/15/30 | 21466 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 3/13/43 | 20749 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 12/15/61 | 29693 |
| 600000 | BBB+ | Cincinnati Financial Corp., Senior Unsecured Notes, 6.125% due 11/1/34 | 631206 |
| 25000 | A- | CNA Financial Corp., Senior Unsecured Notes, 5.500% due 6/15/33 | 25227 |
|  |  | Corebridge Financial Inc.: |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 6.875% (5-Year CMT Index + 3.846%) due 12/15/52(d) | 25379 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 4/5/27 | 49216 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 4/5/29 | 48501 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Insurance - 1.4% - (continued)** | **Insurance - 1.4% - (continued)** | **Insurance - 1.4% - (continued)** |  |
| $25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 9/15/33 | $25907 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 1/15/34 | 25445 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 4/5/42 | 20492 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 4/5/52 | 19377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2070000 | A- | Dai-ichi Life Insurance Co., Ltd. (The), Subordinated Notes, 6.200%<br>(5-Year CMT Index + 2.515%)(a)(d)(e) | 2059802 |
|  |  | Equitable Holdings Inc., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 4/20/28 | 24825 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.594% due 1/11/33 | 25478 |
| 17000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 4/20/48 | 14558 |
| 600000 | BBB- | Essent Group Ltd., Senior Unsecured Notes, 6.250% due 7/1/29 | 618425 |
|  |  | Everest Reinsurance Holdings Inc., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 10/15/50 | 16434 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 10/15/52 | 14994 |
|  |  | Fairfax Financial Holdings Ltd., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 12/7/33 | 25650 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.350% due 3/22/54 | 24429 |
| 25000 | BBB | Fidelity National Financial Inc., Senior Unsecured Notes, 3.400% due 6/15/30 | 23078 |
| 615000 | AA- | Guardian Life Insurance Co. of America (The), Subordinated Notes, 4.850% due 1/24/77(a) | 496502 |
|  |  | Hartford Insurance Group Inc. (The), Senior Unsecured Notes: |  |
| 98000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 10/15/36 | 101076 |
| 4000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 4/15/43 | 3304 |
| 110000 | B+ | HUB International Ltd., Senior Secured Notes, 7.250% due 6/15/30(a) | 114598 |
| 1625000 | A3(b) | Intact Financial Corp., Senior Unsecured Notes, 5.459% due 9/22/32(a) | 1623693 |
|  |  | Jackson Financial Inc., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 11/23/31 | 21780 |
| 640000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 11/23/51 | 423691 |
| 25000 | BBB- | Kemper Corp., Senior Unsecured Notes, 3.800% due 2/23/32 | 22356 |
|  |  | Lincoln National Corp., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 12/12/26 | 24631 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 3/1/28 | 24443 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 1/15/30 | 23152 |
| 25000 | A | Loews Corp., Senior Unsecured Notes, 3.200% due 5/15/30 | 23384 |
| 25000 | A | Manulife Financial Corp., Senior Unsecured Notes, 5.375% due 3/4/46 | 23933 |
|  |  | Markel Group Inc., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 9/17/29 | 23806 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 4/5/46 | 21453 |
|  |  | Marsh & McLennan Cos., Inc., Senior Unsecured Notes: |  |
| 290000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 11/15/30 | 257033 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/15/53 | 23495 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 9/15/53 | 24423 |
| 720000 | A- | Meiji Yasuda Life Insurance Co., Subordinated Notes, 6.100%<br>(5-Year CMT Index + 2.911%) due 6/11/55(a)(d) | 708959 |
|  |  | MetLife Inc.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 1200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% (5-Year CMT Index + 3.576%)(d)(e) | 1192246 |
| 540000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400% due 12/15/36 | 547436 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 7/15/33 | 51414 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 6/15/34 | 27264 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 6/15/35 | 26037 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 8/13/42 | 20538 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 11/13/43 | 22473 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 3/1/45 | 19973 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 7/15/52 | 22141 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Insurance - 1.4% - (continued)** | **Insurance - 1.4% - (continued)** | **Insurance - 1.4% - (continued)** |  |
| $25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 1/15/54 | $23011 |
| 930000 | AA- | New York Life Insurance Co., Subordinated Notes, 5.875% due 5/15/33(a) | 964343 |
| 550000 | A- | Nippon Life Insurance Co., Subordinated Notes, 2.900%<br>(5-Year CMT Index + 2.600%) due 9/16/51(a)(d) | 469584 |
| 530000 | Baa3(b) | NMI Holdings Inc., Senior Unsecured Notes, 6.000% due 8/15/29 | 538322 |
|  |  | Northwestern Mutual Life Insurance Co. (The), Subordinated Notes: |  |
| 510000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.170% due 5/29/55(a) | 523847 |
| 500000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 9/30/59(a) | 331503 |
| 25000 | BBB+ | Old Republic International Corp., Senior Unsecured Notes, 3.850% due 6/11/51 | 17267 |
| 1330000 | A | Omnis Funding Trust, Senior Unsecured Notes, 6.722% due 5/15/55(a) | 1335605 |
| 610000 | BBB+ | PartnerRe Finance B LLC, Company Guaranteed Notes, 4.500%<br>(5-Year CMT Index + 3.815%) due 10/1/50(d) | 564833 |
|  |  | Principal Financial Group Inc., Company Guaranteed Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 5/15/29 | 24197 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 6/15/30 | 22024 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 3/15/33 | 25317 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/15/53 | 23494 |
|  |  | Progressive Corp. (The), Senior Unsecured Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 3/26/30 | 23703 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 3/15/32 | 44938 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 6/15/33 | 25207 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 3/15/48 | 20132 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 3/26/50 | 19016 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 3/15/52 | 18062 |
|  |  | Prudential Financial Inc., Senior Unsecured Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.878% due 3/27/28 | 24765 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 3/10/30 | 22557 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 7/15/33 | 52416 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 12/14/36 | 25669 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 3/10/40 | 18428 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.905% due 12/7/47 | 37819 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.935% due 12/7/49 | 18610 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 2/25/50 | 40248 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 3/13/51 | 35680 |
| 25000 | A | Reinsurance Group of America Inc., Senior Unsecured Notes, 6.000% due 9/15/33 | 25878 |
| 600000 | BBB+ | RenaissanceRe Holdings Ltd., Senior Unsecured Notes, 5.750% due 6/5/33 | 609014 |
| 660000 | AA- | RGA Global Funding, Secured Notes, 5.050% due 12/6/31(a) | 651569 |
| 300000 | AA- | Teachers Insurance & Annuity Association of America, Subordinated Notes, 4.900% due 9/15/44(a) | 263430 |
| 555000 | AA | Transatlantic Holdings Inc., Senior Unsecured Notes, 8.000% due 11/30/39 | 670884 |
| 25000 | BBB | Unum Group, Senior Unsecured Notes, 4.125% due 6/15/51 | 18188 |
|  |  | Willis North America Inc., Company Guaranteed Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 9/15/28 | 24910 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 9/15/29 | 23276 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 3/5/54 | 24089 |
| 25000 | BBB+ | WR Berkley Corp., Senior Unsecured Notes, 3.550% due 3/30/52 | 16880 |
|  |  | Total Insurance | 22807111 |
| **Internet - 0.3%** | **Internet - 0.3%** | **Internet - 0.3%** |  |
| 200000 | A+ | Alibaba Group Holding Ltd., Senior Unsecured Notes, 5.250% due 5/26/35(a) | 199568 |
|  |  | Alphabet Inc., Senior Unsecured Notes: |  |
| 80000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.100% due 8/15/30 | 68347 |
| 90000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.900% due 8/15/40 | 58809 |
| 100000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.050% due 8/15/50 | 54260 |
| 50000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 8/15/60 | 26100 |
|  |  | Amazon.com Inc., Senior Unsecured Notes: |  |
| 200000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 4/13/27 | 197312 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Internet - 0.3% - (continued)** | **Internet - 0.3% - (continued)** | **Internet - 0.3% - (continued)** | **Internet - 0.3% - (continued)** |  |
| $50000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/22/37 | $44469 |
| 50000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 5/12/41 | 36628 |
| 50000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 12/5/44 | 47296 |
| 200000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 6/3/50 | 117385 |
| 75000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 5/12/51 | 49599 |
| 75000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 4/13/52 | 57888 |
| 50000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 6/3/60 | 27986 |
| 50000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 5/12/61 | 31831 |
| 25000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 4/13/62 | 19100 |
| 25000 |  | BBB+ | eBay Inc., Senior Unsecured Notes, 3.650% due 5/10/51 | 17308 |
| 210000 |  | BB | Match Group Holdings II LLC, Senior Unsecured Notes, 4.125% due 8/1/30(a) | 193861 |
| 1000000 |  | BB+ | MercadoLibre Inc., Company Guaranteed Notes, 3.125% due 1/14/31 | 891755 |
|  |  |  | Meta Platforms Inc., Senior Unsecured Notes: |  |
| 450000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 8/15/34 | 444518 |
| 225000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 8/15/52 | 185789 |
| 260000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 8/15/54 | 246737 |
| 115000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 8/15/62 | 94719 |
| 25000 |  | A | Netflix Inc., Senior Unsecured Notes, 4.900% due 8/15/34 | 25067 |
| 310000 |  | BBB | Uber Technologies Inc., Senior Unsecured Notes, 4.800% due 9/15/34 | 299330 |
| 450000 | <sup>EUR</sup> | B | United Group BV, Senior Secured Notes, 6.500% due 10/31/31(a) | 527537 |
| 110000 |  | BB | Wayfair LLC, Senior Secured Notes, 7.250% due 10/31/29(a) | 107393 |
|  |  |  | Total Internet | 4070592 |
| **Investment Companies - 0.1%** | **Investment Companies - 0.1%** | **Investment Companies - 0.1%** | **Investment Companies - 0.1%** |  |
|  |  |  | Ares Capital Corp., Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150% due 7/15/26 | 24234 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 1/15/27 | 25761 |
| 355000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 6/15/28 | 331369 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 3/1/29 | 25332 |
| 845000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 9/1/30 | 837913 |
|  |  |  | Blackstone Private Credit Fund, Senior Unsecured Notes: |  |
| 50000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 12/15/26 | 48180 |
| 50000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 3/15/27 | 48349 |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 1/25/31(a) | 25477 |
|  |  |  | Blackstone Secured Lending Fund, Senior Unsecured Notes: |  |
| 25000 |  | Baa2(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 9/16/26 | 24235 |
| 25000 |  | Baa2(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.850% due 9/30/28 | 23070 |
| 25000 |  | BBB- | Blue Owl Capital Corp., Senior Unsecured Notes, 3.400% due 7/15/26 | 24457 |
|  |  |  | Blue Owl Credit Income Corp., Senior Unsecured Notes: |  |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 2/8/27 | 24728 |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 9/16/27 | 26024 |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 1/15/29 | 26426 |
| 25000 |  | Baa3(b) | FS KKR Capital Corp., Senior Unsecured Notes, 3.125% due 10/12/28 | 22646 |
| 200000 |  | Aa3(b) | Gaci First Investment Co., Company Guaranteed Notes,<br>(Cost - $204,022, acquired 3/14/23), 5.250% due 10/13/32(c) | 201585 |
|  |  |  | Golub Capital BDC Inc., Senior Unsecured Notes: |  |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 8/24/26 | 24196 |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 7/15/29 | 25289 |
| 75000 |  | BB- | Icahn Enterprises LP/Icahn Enterprises Finance Corp., Senior Secured Notes,<br>5.250% due 5/15/27 | 71413 |
|  |  |  | Total Investment Companies | 1860684 |
| **Iron/Steel - 0.1%** | **Iron/Steel - 0.1%** | **Iron/Steel - 0.1%** | **Iron/Steel - 0.1%** |  |
| 25000 |  | BBB- | ArcelorMittal SA, Senior Unsecured Notes, 6.750% due 3/1/41 | 25653 |
| 150000 |  | BB- | ATI Inc., Senior Unsecured Notes, 5.875% due 12/1/27 | 150312 |
| 60000 |  | BB- | Big River Steel LLC/BRS Finance Corp., Senior Secured Notes, 6.625% due 1/31/29(a) | 60484 |
| 75000 |  | BB | Carpenter Technology Corp., Senior Unsecured Notes, 6.375% due 7/15/28 | 75327 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Iron/Steel - 0.1% - (continued)** | **Iron/Steel - 0.1% - (continued)** | **Iron/Steel - 0.1% - (continued)** | **Iron/Steel - 0.1% - (continued)** |  |
|  |  |  | Cleveland-Cliffs Inc., Company Guaranteed Notes: |  |
| $175000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 6/1/27 | $172404 |
| 135000 |  | Ba3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 3/1/31(a) | 110008 |
|  |  |  | Nucor Corp., Senior Unsecured Notes: |  |
| 485000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 6/1/35 | 475334 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400% due 12/1/37 | 26947 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 4/1/52 | 18140 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.979% due 12/15/55 | 14659 |
| 25000 |  | BBB+ | Reliance Inc., Senior Unsecured Notes, 2.150% due 8/15/30 | 21947 |
| 25000 |  | BBB | Steel Dynamics Inc., Senior Unsecured Notes, 3.250% due 10/15/50 | 15875 |
| 60000 |  | BB- | United States Steel Corp., Senior Unsecured Notes, 6.875% due 3/1/29 | 60571 |
|  |  |  | Vale Overseas Ltd., Company Guaranteed Notes: |  |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 11/21/36 | 26708 |
| 13000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 11/10/39 | 13851 |
| 25000 |  | BBB- | Vale SA, Senior Unsecured Notes, 5.625% due 9/11/42 | 23790 |
|  |  |  | Total Iron/Steel | 1292010 |
| **Leisure Time - 0.4%** | **Leisure Time - 0.4%** | **Leisure Time - 0.4%** | **Leisure Time - 0.4%** |  |
| 120000 |  | BB | Acushnet Co., Company Guaranteed Notes, 7.375% due 10/15/28(a) | 124453 |
| 105000 |  | BBB- | Amer Sports Co., Senior Secured Notes, 6.750% due 2/16/31(a) | 108595 |
| 2715000 |  | BB+ | Carnival Corp., Company Guaranteed Notes, 6.125% due 2/15/33(a) | 2724006 |
|  |  |  | Royal Caribbean Cruises Ltd., Senior Unsecured Notes: |  |
| 460000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 3/15/32(a) | 466038 |
| 1950000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 2/1/33(a) | 1957211 |
| 1205000 |  | B- | Sabre GLBL Inc., Senior Secured Notes, 10.750% due 11/15/29(a) | 1226158 |
| 406000 | <sup>EUR</sup> | B+ | TUI Cruises GmbH, Senior Unsecured Notes, 5.000% due 5/15/30(a) | 464595 |
|  |  |  | Total Leisure Time | 7071056 |
| **Lodging - 0.2%** | **Lodging - 0.2%** | **Lodging - 0.2%** | **Lodging - 0.2%** |  |
|  |  |  | Hilton Domestic Operating Co., Inc., Company Guaranteed Notes: |  |
| 80000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 5/1/28(a) | 80318 |
| 245000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 2/15/32(a) | 217946 |
| 215000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 3/15/33(a) | 216543 |
|  |  |  | Las Vegas Sands Corp., Senior Unsecured Notes: |  |
| 525000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 6/15/28 | 526084 |
| 705000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 6/14/30 | 712397 |
| 1285000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 8/15/34 | 1272938 |
| 155000 |  | BBB | Marriott International Inc., Senior Unsecured Notes, 5.300% due 5/15/34 | 153575 |
| 280000 |  | BB- | MGM Resorts International, Company Guaranteed Notes, 6.125% due 9/15/29 | 281490 |
| 200000 |  | BBB- | Sands China Ltd., Senior Unsecured Notes, 2.300% due 3/8/27 | 190577 |
| 145000 |  | B | Station Casinos LLC, Company Guaranteed Notes, 4.500% due 2/15/28(a) | 140644 |
|  |  |  | Total Lodging | 3792512 |
| **Machinery - Construction & Mining - 0.0%@** | **Machinery - Construction & Mining - 0.0%@** | **Machinery - Construction & Mining - 0.0%@** | **Machinery - Construction & Mining - 0.0%@** |  |
| 45000 |  | BB- | BWX Technologies Inc., Company Guaranteed Notes, 4.125% due 6/30/28(a) | 43809 |
|  |  |  | Caterpillar Financial Services Corp., Senior Unsecured Notes: |  |
| 200000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.700% due 1/8/27 | 192263 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 1/8/27 | 50198 |
|  |  |  | Caterpillar Inc., Senior Unsecured Notes: |  |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.803% due 8/15/42 | 40372 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 4/9/50 | 34105 |
| 155000 |  | BB- | Terex Corp., Company Guaranteed Notes, 5.000% due 5/15/29(a) | 149468 |
|  |  |  | Total Machinery - Construction & Mining | 510215 |
| **Machinery - Diversified - 0.1%** | **Machinery - Diversified - 0.1%** | **Machinery - Diversified - 0.1%** | **Machinery - Diversified - 0.1%** |  |
| 299000 |  | BB- | Chart Industries Inc., Senior Secured Notes, 7.500% due 1/1/30(a) | 312123 |
| 185000 |  | BBB+ | CNH Industrial Capital LLC, Company Guaranteed Notes, 4.550% due 4/10/28 | 184568 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Machinery - Diversified - 0.1% - (continued)** | **Machinery - Diversified - 0.1% - (continued)** | **Machinery - Diversified - 0.1% - (continued)** | **Machinery - Diversified - 0.1% - (continued)** |  |
|  |  |  | Deere & Co., Senior Unsecured Notes: |  |
| $25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 6/9/42 | $20770 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 4/15/50 | 18924 |
| 90000 |  | BB+ | Esab Corp., Company Guaranteed Notes, 6.250% due 4/15/29(a) | 91633 |
|  |  |  | John Deere Capital Corp., Senior Unsecured Notes: |  |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 6/8/26 | 50226 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.050% due 6/17/26 | 48347 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.700% due 1/11/27 | 96068 |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 3/9/27 | 95733 |
| 200000 | <sup>EUR</sup> | B+ | Nova Alexandre III SAS, Senior Secured Notes, 7.529%<br>(3-Month EURIBOR + 5.250%) due 7/15/29(a)(d) | 231212 |
|  |  |  | Otis Worldwide Corp., Senior Unsecured Notes: |  |
| 29000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 8/16/28 | 29724 |
| 210000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.565% due 2/15/30 | 191462 |
|  |  |  | Total Machinery - Diversified | 1370790 |
| **Media - 1.0%** | **Media - 1.0%** | **Media - 1.0%** | **Media - 1.0%** |  |
|  |  |  | CCO Holdings LLC/CCO Holdings Capital Corp., Senior Unsecured Notes: |  |
| 590000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 8/15/30(a) | 553534 |
| 150000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 2/1/32(a) | 138927 |
| 740000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/1/32 | 674092 |
| 370000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 6/1/33(a) | 329307 |
| 1320000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/15/34(a) | 1140343 |
|  |  |  | Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Notes: |  |
| 100000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 11/10/26 | 101781 |
| 200000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 3/15/28 | 197439 |
| 1425000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.100% due 6/1/29 | 1482643 |
| 130000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.550% due 6/1/34 | 135806 |
| 50000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.384% due 10/23/35 | 51340 |
| 50000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 3/1/42 | 34549 |
| 92000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 4/1/48 | 80770 |
| 315000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 3/1/50 | 243807 |
| 257000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 4/1/51 | 165234 |
| 451000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 6/1/52 | 297958 |
| 415000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 4/1/53 | 341682 |
| 718000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 4/1/61 | 441864 |
| 101000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 6/30/62 | 62539 |
|  |  |  | Comcast Corp., Company Guaranteed Notes: |  |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.350% due 1/15/27 | 96883 |
| 45000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.950% due 1/15/31 | 38914 |
| 188000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 2/15/31 | 158346 |
| 182000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 5/15/33 | 178687 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 7/15/36 | 20482 |
| 365000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 3/1/38 | 308589 |
| 20000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 11/1/39 | 15267 |
| 27000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/1/44 | 23403 |
| 153000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.969% due 11/1/47 | 114685 |
| 20000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/1/48 | 14999 |
| 43000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.999% due 11/1/49 | 31803 |
| 60000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 2/1/50 | 40267 |
| 570000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 1/15/51 | 333817 |
| 149000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.887% due 11/1/51 | 88440 |
| 1051000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.049% due 11/1/52 | 773794 |
| 330000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 5/15/55 | 329181 |
| 389000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.937% due 11/1/56 | 222055 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Media - 1.0% - (continued)** | **Media - 1.0% - (continued)** | **Media - 1.0% - (continued)** |  |
| $79000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 8/15/62 | $40181 |
| 400000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.987% due 11/1/63 | 219779 |
| 110000 | BB- | Directv Financing LLC/Directv Financing Co.-Obligor Inc., Senior Secured Notes, 5.875% due 8/15/27(a) | 108310 |
| 100000 | CCC+ | DISH DBS Corp., Senior Secured Notes, 5.250% due 12/1/26(a) | 92318 |
| 205000 | B | DISH Network Corp., Senior Secured Notes, 11.750% due 11/15/27(a) | 211631 |
| 421000 | Baa3(b) | FactSet Research Systems Inc., Senior Unsecured Notes, 3.450% due 3/1/32 | 379171 |
| 105000 | B | Gray Media Inc., Senior Secured Notes, 10.500% due 7/15/29(a) | 111764 |
|  |  | iHeartCommunications Inc., Senior Secured Notes: |  |
| 65000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125% due 5/1/29(a) | 54030 |
| 70000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 8/15/30(a) | 54171 |
|  |  | News Corp.: |  |
| 185000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 5.125% due 2/15/32(a) | 177987 |
| 1647000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 3.875% due 5/15/29(a) | 1563106 |
| 220000 | BB+ | Nexstar Media Inc., Company Guaranteed Notes, 5.625% due 7/15/27(a) | 219210 |
|  |  | Paramount Global, Senior Unsecured Notes: |  |
| 42000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 9/1/43 | 35966 |
| 43000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 4/1/44 | 33021 |
| 34000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 8/15/44 | 25358 |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 1/15/45 | 36633 |
| 48000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 5/19/50 | 36179 |
| 60000 | B3(b) | Sinclair Television Group Inc., Senior Secured Notes, 4.375% due 12/31/32(a) | 43477 |
|  |  | Sirius XM Radio LLC, Company Guaranteed Notes: |  |
| 427000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/15/28(a) | 405458 |
| 290000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 7/1/30(a) | 263683 |
|  |  | TEGNA Inc., Company Guaranteed Notes: |  |
| 135000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 3/15/28 | 130664 |
| 140000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 9/15/29 | 133442 |
| 50000 | BBB- | Time Warner Cable Enterprises LLC, Senior Secured Notes, 8.375% due 7/15/33 | 57457 |
|  |  | Time Warner Cable LLC, Senior Secured Notes: |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.550% due 5/1/37 | 25124 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.300% due 7/1/38 | 26628 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 6/15/39 | 25253 |
| 1407000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 9/1/41 | 1236556 |
| 90000 | B+ | Univision Communications Inc., Senior Secured Notes, 7.375% due 6/30/30(a) | 84200 |
| 115000 | B+ | Virgin Media Secured Finance PLC, Senior Secured Notes, 4.500% due 8/15/30(a) | 106283 |
|  |  | Walt Disney Co. (The), Company Guaranteed Notes: |  |
| 200000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 3/23/27 | 199170 |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.200% due 1/13/28 | 95512 |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 1/13/31 | 91032 |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 12/15/34 | 110009 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400% due 12/15/35 | 27711 |
| 30000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650% due 11/15/37 | 33738 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 5/13/40 | 40094 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 9/1/49 | 30683 |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 1/13/51 | 71784 |
|  |  | Total Media | 15900000 |
| **Mining - 0.2%** | **Mining - 0.2%** | **Mining - 0.2%** |  |
|  |  | Barrick North America Finance LLC, Company Guaranteed Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 5/30/41 | 24382 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 5/1/43 | 24505 |
|  |  | BHP Billsiton Finance USA Ltd., Company Guaranteed Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 9/8/30 | 25680 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 9/8/33 | 50404 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Mining - 0.2% - (continued)** | **Mining - 0.2% - (continued)** | **Mining - 0.2% - (continued)** |  |
| $25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 2/24/42 | $20855 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 9/30/43 | 23031 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 9/8/53 | 23981 |
|  |  | Freeport-McMoRan Inc., Company Guaranteed Notes: |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/1/28 | 24581 |
| 290000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 8/1/30 | 284805 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/15/43 | 23101 |
|  |  | Glencore Funding LLC, Company Guaranteed Notes: |  |
| 890000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.634% due 4/4/34(a) | 894705 |
| 610000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 9/23/51(a) | 389838 |
| 120000 | BB- | Kaiser Aluminum Corp., Company Guaranteed Notes, 4.625% due 3/1/28(a) | 116634 |
| 25000 | BBB- | Kinross Gold Corp., Senior Unsecured Notes, 6.250% due 7/15/33 | 26338 |
|  |  | Newmont Corp., Company Guaranteed Notes: |  |
| 61000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.600% due 7/15/32 | 53225 |
| 133000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 4/1/35 | 139619 |
| 90000 | BB | Novelis Corp., Company Guaranteed Notes, 3.250% due 11/15/26(a) | 88346 |
| 25000 | A | Rio Tinto Finance USA Ltd., Company Guaranteed Notes, 2.750% due 11/2/51 | 14668 |
|  |  | Rio Tinto Finance USA PLC, Company Guaranteed Notes: |  |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/9/33 | 49945 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/22/42 | 22234 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 8/21/42 | 20555 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 3/9/53 | 22326 |
| 1370000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/14/55 | 1330864 |
|  |  | Southern Copper Corp., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 4/16/40 | 26511 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 11/8/42 | 22585 |
| 25000 | BBB- | Yamana Gold Inc., Company Guaranteed Notes, 2.630% due 8/15/31 | 21802 |
|  |  | Total Mining | 3765520 |
| **Miscellaneous Manufacturers - 0.0%@** | **Miscellaneous Manufacturers - 0.0%@** | **Miscellaneous Manufacturers - 0.0%@** |  |
|  |  | 3M Co., Senior Unsecured Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 9/19/26 | 48630 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 9/14/48 | 19233 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 8/26/49 | 33122 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 4/15/50 | 17743 |
|  |  | Eaton Corp., Company Guaranteed Notes: |  |
| 115000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 11/2/42 | 96029 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 8/23/52 | 21605 |
| 105000 | BB+ | Hillenbrand Inc., Company Guaranteed Notes, 3.750% due 3/1/31 | 92146 |
| 25000 | BBB+ | Parker-Hannifin Corp., Senior Unsecured Notes, 4.000% due 6/14/49 | 19115 |
| 218000 | BBB | Textron Inc., Senior Unsecured Notes, 3.900% due 9/17/29 | 209696 |
| 120000 | BB+ | Trinity Industries Inc., Company Guaranteed Notes, 7.750% due 7/15/28(a) | 124770 |
|  |  | Total Miscellaneous Manufacturers | 682089 |
| **Multi-National - 0.4%** | **Multi-National - 0.4%** | **Multi-National - 0.4%** |  |
| 200000 | AAA | African Development Bank, Senior Unsecured Notes, 4.625% due 1/4/27 | 201809 |
| 1145000 | Baa1(b) | African Export-Import Bank (The), Senior Unsecured Notes, 3.798% due 5/17/31(a) | 1006869 |
|  |  | Asian Development Bank, Senior Unsecured Notes: |  |
| 200000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 1/12/27 | 200352 |
| 200000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 11/2/27 | 193541 |
| 100000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 1/14/28 | 101152 |
| 200000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 4/25/28 | 199122 |
| 200000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 8/28/29 | 197265 |
| 200000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 9/28/32 | 195168 |
| 200000 | AAA | Asian Infrastructure Investment Bank (The), Senior Unsecured Notes,<br>4.500% due 1/16/30 | 203952 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7%- (continued)** | **CORPORATE BONDS & NOTES - 29.7%- (continued)** | **CORPORATE BONDS & NOTES - 29.7%- (continued)** | **CORPORATE BONDS & NOTES - 29.7%- (continued)** |  |
| **Multi-National - 0.4% - (continued)** | **Multi-National - 0.4% - (continued)** | **Multi-National - 0.4% - (continued)** | **Multi-National - 0.4% - (continued)** |  |
|  |  |  | Banque Ouest Africaine de Developpement, Senior Unsecured Notes: |  |
| $1100000 |  | Baa1(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 10/22/31(a) | $994710 |
| 1000000 | <sup>EUR</sup> | Baa1(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost - $882,467, acquired 5/30/24), 2.750% due 1/22/33(c) | 956209 |
|  |  |  | European Investment Bank, Senior Unsecured Notes: |  |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 3/19/27 | 201391 |
| 400000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 11/15/29 | 396281 |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 3/14/30 | 204434 |
| 300000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 2/13/34 | 294436 |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 2/12/35 | 203062 |
|  |  |  | Inter-American Development Bank, Senior Unsecured Notes: |  |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 1/13/27 | 192160 |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 2/1/27 | 201102 |
| 500000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 7/17/34 | 498056 |
|  |  |  | Total Multi-National | 6641071 |
| **Office/Business Equipment - 0.0%@** | **Office/Business Equipment - 0.0%@** | **Office/Business Equipment - 0.0%@** | **Office/Business Equipment - 0.0%@** |  |
| 25000 |  | BBB- | CDW LLC/CDW Finance Corp., Company Guaranteed Notes, 3.250% due 2/15/29 | 23501 |
| **Oil & Gas - 2.1%** | **Oil & Gas - 2.1%** | **Oil & Gas - 2.1%** | **Oil & Gas - 2.1%** |  |
|  |  |  | Aker BP ASA, Senior Unsecured Notes: |  |
| 600000 | <sup>EUR</sup> | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost - $597,224, acquired 3/7/24), 1.125% due 5/12/29(c) | 632430 |
| 1340000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 10/1/34(a) | 1254813 |
| 215000 |  | BBB- | Antero Resources Corp., Company Guaranteed Notes, 7.625% due 2/1/29(a) | 220218 |
|  |  |  | APA Corp., Senior Unsecured Notes: |  |
| 159000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/15/30(a) | 148842 |
| 720000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 7/1/49(a) | 551176 |
| 150000 |  | BB- | Ascent Resources Utica Holdings LLC/ARU Finance Corp., Senior Unsecured Notes, 8.250% due 12/31/28(a) | 152374 |
| 175000 |  | BB- | Baytex Energy Corp., Company Guaranteed Notes, 8.500% due 4/30/30(a) | 169734 |
| 266524 |  | BB- | Borr IHC Ltd./Borr Finance LLC, Senior Secured Notes, 10.000% due 11/15/28(a) | 231010 |
|  |  |  | BP Capital Markets America Inc., Company Guaranteed Notes: |  |
| 70000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.410% due 2/11/26 | 69531 |
| 250000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.017% due 1/16/27 | 245023 |
| 110000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.633% due 4/6/30 | 105604 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.812% due 2/13/33 | 49064 |
| 93000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.989% due 4/10/34 | 91656 |
| 1920000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.227% due 11/17/34 | 1908804 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.772% due 11/10/50 | 29635 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.939% due 6/4/51 | 60881 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.001% due 3/17/52 | 30502 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.379% due 2/8/61 | 31138 |
|  |  |  | BP Capital Markets PLC, Company Guaranteed Notes: |  |
| 1000000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% (5-Year CMT Index + 4.398%)(d)(e) | 962859 |
| 1000000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.450% (5-Year CMT Index + 2.153%)(d)(e) | 1008566 |
| 50000 |  | BBB- | Canadian Natural Resources Ltd., Senior Unsecured Notes, 4.950% due 6/1/47 | 40698 |
|  |  |  | Chevron USA Inc., Company Guaranteed Notes: |  |
| 10000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 1/15/28 | 9944 |
| 25000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.343% due 8/12/50 | 13823 |
| 65000 |  | BB | Chord Energy Corp., Company Guaranteed Notes, 6.750% due 3/15/33(a) | 64610 |
|  |  |  | Civitas Resources Inc., Company Guaranteed Notes: |  |
| 250000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375% due 7/1/28(a) | 252129 |
| 250000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750% due 7/1/31(a) | 245069 |
| 25000 |  | A+ | CNOOC Petroleum North America ULC, Company Guaranteed Notes,<br>6.400% due 5/15/37 | 28684 |
| 200000 |  | B | Comstock Resources Inc., Company Guaranteed Notes, 6.750% due 3/1/29(a) | 197285 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** |  |
|  |  | ConocoPhillips Co., Company Guaranteed Notes: |  |
| $25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 9/15/33 | $24969 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 2/1/39 | 27209 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 3/15/52 | 17509 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 5/15/53 | 44570 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 3/15/54 | 23176 |
| 1570000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 1/15/55 | 1445352 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.025% due 3/15/62 | 34658 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 9/15/63 | 23009 |
| 340000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 1/15/65 | 313316 |
|  |  | Continental Resources Inc., Company Guaranteed Notes: |  |
| 180000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.268% due 11/15/26(a) | 172754 |
| 580000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 1/15/28 | 567267 |
| 80000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 1/15/31(a) | 79628 |
|  |  | Coterra Energy Inc., Senior Unsecured Notes: |  |
| 950000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 5/15/27 | 935749 |
| 150000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 3/15/29 | 147636 |
| 590000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 2/15/35 | 571691 |
| 445000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 2/15/55 | 400660 |
| 250000 | BB- | Crescent Energy Finance LLC, Company Guaranteed Notes, 9.250% due 2/15/28(a) | 258446 |
|  |  | Devon Energy Corp., Senior Unsecured Notes: |  |
| 32000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 10/15/27 | 32014 |
| 142000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 6/15/28 | 141999 |
| 129000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 1/15/30 | 125662 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 9/15/34 | 23660 |
| 485000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 7/15/41 | 435101 |
| 10000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 5/15/42 | 8050 |
| 640000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 6/15/45 | 515496 |
| 95000 | BB+ | Diamond Foreign Asset Co./Diamond Finance LLC, Secured Notes, 8.500% due 10/1/30(a) | 95198 |
|  |  | Diamondback Energy Inc., Company Guaranteed Notes: |  |
| 114000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 12/1/26 | 111786 |
| 794000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 12/1/29 | 750700 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 3/24/31 | 180544 |
| 330000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 3/24/51 | 246533 |
| 2000000 | NR | Diversified Gas & Oil Corp., Senior Secured Notes, 9.750% due 4/9/29(a) | 1939266 |
| 115000 | B- | Encino Acquisition Partners Holdings LLC, Company Guaranteed Notes, 8.500% due 5/1/28(a) | 117874 |
|  |  | Eni SpA, Senior Unsecured Notes: |  |
| 380000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 5/19/35(a) | 379746 |
| 1290000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 5/15/54(a) | 1205841 |
| 190000 | A- | EOG Resources Inc., Senior Unsecured Notes, 4.375% due 4/15/30 | 187934 |
|  |  | EQT Corp., Senior Unsecured Notes: |  |
| 236000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 10/1/27 | 232069 |
| 52000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 4/1/28 | 53100 |
| 201000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 1/15/29 | 201043 |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 5/15/31(a) | 182198 |
| 128000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 2/1/34 | 128638 |
|  |  | Equinor ASA, Company Guaranteed Notes: |  |
| 50000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 9/10/28 | 49101 |
| 50000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 11/18/49 | 33424 |
| 25000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 4/6/50 | 18120 |
|  |  | Expand Energy Corp., Company Guaranteed Notes: |  |
| 10000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 2/1/29 | 9974 |
| 105000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 4/15/29(a) | 106339 |
| 2025000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 3/15/30 | 2016111 |
| 295000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 2/1/32 | 278379 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** |  |
|  |  | Exxon Mobil Corp., Senior Unsecured Notes: |  |
| $180000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.482% due 3/19/30 | $173811 |
| 460000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.227% due 3/19/40 | 402477 |
| 75000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.114% due 3/1/46 | 59901 |
| 185000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.327% due 3/19/50 | 149621 |
| 200000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.452% due 4/15/51 | 137359 |
| 125000 | BB- | Gulfport Energy Operating Corp., Company Guaranteed Notes, 6.750% due 9/1/29(a) | 126863 |
| 75000 | BBB- | Hess Corp., Senior Unsecured Notes, 5.800% due 4/1/47 | 72303 |
| 210000 | BB+ | Hilcorp Energy I LP/Hilcorp Finance Co., Senior Unsecured Notes, 5.750% due 2/1/29(a) | 200783 |
|  |  | Marathon Petroleum Corp., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 3/1/30 | 25237 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 3/1/41 | 25350 |
| 235000 | BB- | Matador Resources Co., Company Guaranteed Notes, 6.500% due 4/15/32(a) | 230298 |
| 50000 | BB- | MEG Energy Corp., Company Guaranteed Notes, 5.875% due 2/1/29(a) | 49783 |
| 65000 | B- | Nabors Industries Inc., Company Guaranteed Notes, 7.375% due 5/15/27(a) | 62528 |
| 60000 | BB- | Noble Finance II LLC, Company Guaranteed Notes, 8.000% due 4/15/30(a) | 59896 |
|  |  | Occidental Petroleum Corp., Senior Unsecured Notes: |  |
| 280000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 1/1/31 | 285142 |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 10/1/34 | 47262 |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.450% due 9/15/36 | 49050 |
| 25000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 3/15/40 | 23338 |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.600% due 3/15/46 | 47370 |
| 400000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 10/1/54 | 347930 |
| 177000 | BBB- | Ovintiv Inc., Company Guaranteed Notes, 6.250% due 7/15/33 | 177009 |
|  |  | Permian Resources Operating LLC, Company Guaranteed Notes: |  |
| 175000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 7/1/29(a) | 172919 |
| 140000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 2/1/33(a) | 138233 |
|  |  | Petroleos Mexicanos, Company Guaranteed Notes: |  |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 2/12/28 | 94038 |
| 300000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.840% due 1/23/30 | 280510 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.700% due 2/16/32 | 89317 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.690% due 1/23/50 | 73686 |
| 50000 | BBB+ | Phillips 66 Co., Company Guaranteed Notes, 5.500% due 3/15/55 | 44027 |
|  |  | Pioneer Natural Resources Co., Senior Unsecured Notes: |  |
| 30000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 1/15/26 | 29376 |
| 50000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.900% due 8/15/30 | 43750 |
| 330000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150% due 1/15/31 | 288863 |
|  |  | Saudi Arabian Oil Co., Senior Unsecured Notes: |  |
| 655000 | Aa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 6/2/35(a) | 654336 |
| 730000 | Aa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 6/2/55(a) | 716217 |
|  |  | Shell Finance US Inc., Company Guaranteed Notes: |  |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 5/11/35 | 23177 |
| 90000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 8/12/43 | 77249 |
| 140000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 5/11/45 | 115586 |
| 340000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 5/10/46 | 263911 |
| 480000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 4/6/50 | 317643 |
|  |  | Shell International Finance BV, Company Guaranteed Notes: |  |
| 220000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 11/13/28 | 218045 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 11/26/51 | 31232 |
| 215000 | BB- | SM Energy Co., Senior Unsecured Notes, 6.625% due 1/15/27 | 215344 |
| 110000 | BB+ | Sunoco LP, Company Guaranteed Notes, 7.250% due 5/1/32(a) | 114444 |
| 185000 | BB+ | Sunoco LP/Sunoco Finance Corp., Company Guaranteed Notes, 6.000% due 4/15/27 | 185014 |
| 50000 | A+ | TotalEnergies Capital International SA, Company Guaranteed Notes, 3.127% due 5/29/50 | 32010 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** | **Oil & Gas - 2.1% - (continued)** |  |
|  |  |  | TotalEnergies Capital SA, Company Guaranteed Notes: |  |
| $50000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 4/5/34 | $50317 |
| 100000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.724% due 9/10/34 | 97619 |
| 1420000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.425% due 9/10/64 | 1288430 |
| 44000 |  | B | Transocean Inc., Senior Secured Notes, 8.750% due 2/15/30(a) | 44663 |
| 25000 |  | BBB | Valero Energy Corp., Senior Unsecured Notes, 6.625% due 6/15/37 | 26196 |
| 380000 |  | Baa3(b) | Var Energi ASA, Senior Unsecured Notes, 6.500% due 5/22/35(a) | 383625 |
| 115000 |  | B | Vital Energy Inc., Company Guaranteed Notes, 7.875% due 4/15/32(a) | 93311 |
| 700000 | <sup>EUR</sup> | Ba1(b) | Wintershall Dea Finance 2 BV, Company Guaranteed Notes,<br>(Cost - $689,988, acquired 12/10/24), 3.000%<br>(3.319% - 5-Year EUR Swap Rate)(c)(e)(j) | 737742 |
|  |  |  | Total Oil & Gas | 33393742 |
| **Oil & Gas Services - 0.1%** | **Oil & Gas Services - 0.1%** | **Oil & Gas Services - 0.1%** | **Oil & Gas Services - 0.1%** |  |
| 85000 |  | BB- | Archrock Partners LP/Archrock Partners Finance Corp., Company Guaranteed Notes,<br>6.250% due 4/1/28(a) | 84913 |
|  |  |  | Halliburton Co., Senior Unsecured Notes: |  |
| 20000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 11/15/35 | 18800 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 11/15/45 | 85686 |
| 100000 |  | BB- | Kodiak Gas Services LLC, Company Guaranteed Notes, 7.250% due 2/15/29(a) | 102548 |
| 400000 | <sup>EUR</sup> | B1(b) | OEG Finance PLC, Senior Secured Notes, (Cost - $437,741, acquired 12/11/24),<br>7.250% due 9/27/29(c) | 465922 |
|  |  |  | Schlumberger Holdings Corp.: |  |
| 910000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 4.850% due 5/15/33(a) | 879295 |
| 171000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 3.900% due 5/17/28(a) | 168199 |
|  |  |  | Total Oil & Gas Services | 1805363 |
| **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** |  |
|  |  |  | Amcor Flexibles North America Inc. North America Inc., Company Guaranteed Notes: |  |
| 570000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 3/17/30(a) | 573559 |
| 94000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.690% due 5/25/31 | 82884 |
| 95000 |  | BB+ | Ball Corp., Company Guaranteed Notes, 6.000% due 6/15/29 | 96981 |
| 25000 |  | BBB | Berry Global Inc., Senior Secured Notes, 5.650% due 1/15/34 | 25153 |
| 170000 |  | BB | Graphic Packaging International LLC, Company Guaranteed Notes,<br>6.375% due 7/15/32(a) | 170420 |
| 160000 |  | B | Mauser Packaging Solutions Holding Co., Senior Secured Notes, 7.875% due 4/15/27(a) | 161713 |
| 430000 | <sup>EUR</sup> | BB- | OI European Group BV, Senior Unsecured Notes, (Cost - $495,178, acquired 9/6/24),<br>6.250% due 5/15/28(c) | 505500 |
| 85000 |  | B+ | Owens-Brockway Glass Container Inc., Company Guaranteed Notes, 6.625% due 5/13/27(a) | 85101 |
|  |  |  | Packaging Corp. of America, Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 12/1/33 | 25581 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 10/1/51 | 15161 |
| 135000 |  | BB+ | Sealed Air Corp., Company Guaranteed Notes, 4.000% due 12/1/27(a) | 131042 |
| 239000 |  | BBB- | Sonoco Products Co., Senior Unsecured Notes, 3.125% due 5/1/30 | 219441 |
| 100000 |  | BB- | TriMas Corp., Company Guaranteed Notes, 4.125% due 4/15/29(a) | 94208 |
|  |  |  | WRKCo Inc., Company Guaranteed Notes: |  |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 6/1/28 | 48950 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 3/15/29 | 25134 |
|  |  |  | Total Packaging & Containers | 2260828 |
| **Pharmaceuticals - 0.9%** | **Pharmaceuticals - 0.9%** | **Pharmaceuticals - 0.9%** | **Pharmaceuticals - 0.9%** |  |
| 255000 |  | B | 1261229 BC Ltd., Senior Secured Notes, 10.000% due 4/15/32(a) | 252691 |
|  |  |  | AbbVie Inc., Senior Unsecured Notes: |  |
| 450000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 11/21/26 | 441166 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 3/15/27 | 100958 |
| 400000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 3/15/29 | 405998 |
| 1430000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 11/21/29 | 1356042 |
| 180000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 3/15/31 | 182849 |
| 240000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 3/15/34 | 240352 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 3/15/35 | 190657 |
| 200000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/14/35 | 189885 |
| 10000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 11/14/48 | 8844 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Pharmaceuticals - 0.9% - (continued)** | **Pharmaceuticals - 0.9% - (continued)** | **Pharmaceuticals - 0.9% - (continued)** |  |
| $355000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 11/21/49 | $284304 |
| 75000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 3/15/54 | 70997 |
| 500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 3/15/55 | 486668 |
| 45000 | B+ | AdaptHealth LLC, Company Guaranteed Notes, 4.625% due 8/1/29(a) | 41595 |
| 50000 | A+ | Astrazeneca Finance LLC, Company Guaranteed Notes, 5.000% due 2/26/34 | 50241 |
|  |  | AstraZeneca PLC, Senior Unsecured Notes: |  |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 9/18/42 | 20749 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 11/16/45 | 21233 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 8/17/48 | 20925 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 8/6/50 | 13389 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 5/28/51 | 16167 |
|  |  | Becton Dickinson & Co., Senior Unsecured Notes: |  |
| 243000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.693% due 2/13/28 | 243979 |
| 27000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.685% due 12/15/44 | 22778 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.669% due 6/6/47 | 20781 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.794% due 5/20/50 | 17915 |
|  |  | Bristol-Myers Squibb Co., Senior Unsecured Notes: |  |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 2/22/27 | 101168 |
| 41000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 7/26/29 | 39461 |
| 273000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 2/22/31 | 279337 |
| 770000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 2/22/34 | 774749 |
| 98000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 6/15/39 | 84888 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 3/15/42 | 38484 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 11/15/47 | 40606 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550% due 2/20/48 | 41790 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 10/26/49 | 39369 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 11/13/50 | 28172 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 3/15/52 | 35358 |
| 939000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 2/22/54 | 891145 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 3/15/62 | 34705 |
| 90000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.650% due 2/22/64 | 85122 |
|  |  | CVS Health Corp., Senior Unsecured Notes: |  |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 6/1/26 | 196440 |
| 150000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 3/25/28 | 148275 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 1/30/29 | 201283 |
| 494000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 9/15/31 | 413338 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.780% due 3/25/38 | 88693 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 7/20/45 | 85616 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 3/25/48 | 166419 |
|  |  | Eli Lilly & Co., Senior Unsecured Notes: |  |
| 100000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 2/9/27 | 100597 |
| 595000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 2/9/34 | 584763 |
| 200000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 8/14/34 | 194819 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 3/15/49 | 19499 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 2/27/53 | 22181 |
| 110000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 2/9/54 | 99642 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 3/15/59 | 19303 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 2/27/63 | 21972 |
| 475000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 2/9/64 | 426255 |
| 50000 | A | GlaxoSmithKline Capital Inc., Company Guaranteed Notes, 6.375% due 5/15/38 | 54379 |
|  |  | Johnson & Johnson, Senior Unsecured Notes: |  |
| 50000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 6/1/34 | 51036 |
| 50000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 3/3/37 | 43787 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Pharmaceuticals - 0.9% - (continued)** | **Pharmaceuticals - 0.9% - (continued)** | **Pharmaceuticals - 0.9% - (continued)** |  |
| $50000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 3/1/46 | $39441 |
| 25000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 9/1/60 | 13343 |
|  |  | Merck & Co., Inc., Senior Unsecured Notes: |  |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 3/7/39 | 21450 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 9/15/42 | 19335 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 5/18/43 | 41712 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 2/10/45 | 38457 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/7/49 | 38770 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 6/24/50 | 28393 |
| 390000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 12/10/51 | 233435 |
| 100000 | AA- | Novartis Capital Corp., Company Guaranteed Notes, 3.800% due 9/18/29 | 98339 |
| 255000 | BB | Organon & Co./Organon Foreign Debt Co.-Issuer BV, Senior Secured Notes, 4.125% due 4/30/28(a) | 239625 |
|  |  | Pfizer Inc., Senior Unsecured Notes: |  |
| 160000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 4/1/30 | 147310 |
| 140000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.700% due 5/28/30 | 122665 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 12/15/36 | 22546 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 3/15/39 | 21197 |
|  |  | Pfizer Investment Enterprises Pte Ltd., Company Guaranteed Notes: |  |
| 200000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 5/19/33 | 196613 |
| 1095000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 5/19/53 | 1001596 |
| 158000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.340% due 5/19/63 | 142155 |
| 256000 | BBB+ | Takeda Pharmaceutical Co., Ltd., Senior Unsecured Notes, 2.050% due 3/31/30 | 226717 |
| 175000 | BB | Teva Pharmaceutical Finance Netherlands III BV, Company Guaranteed Notes, 8.125% due 9/15/31 | 194891 |
|  |  | Utah Acquisition Sub Inc., Company Guaranteed Notes: |  |
| 100000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 6/15/26 | 98704 |
| 25000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 6/15/46 | 19316 |
|  |  | Viatris Inc., Company Guaranteed Notes: |  |
| 705000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 6/22/40 | 500824 |
| 1075000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/22/50 | 687791 |
| 50000 | A | Wyeth LLC, Company Guaranteed Notes, 5.950% due 4/1/37 | 52331 |
|  |  | Zoetis Inc., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 2/1/43 | 22227 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 9/12/47 | 19319 |
|  |  | Total Pharmaceuticals | 14442316 |
| **Pipelines - 1.3%** | **Pipelines - 1.3%** | **Pipelines - 1.3%** |  |
| 215000 | BB+ | Antero Midstream Partners LP/Antero Midstream Finance Corp., Company Guaranteed Notes, 5.750% due 1/15/28(a) | 214631 |
| 140000 | B+ | Blue Racer Midstream LLC/Blue Racer Finance Corp., Senior Unsecured Notes, 7.250% due 7/15/32(a) | 145253 |
|  |  | Buckeye Partners LP, Senior Unsecured Notes: |  |
| 130000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 12/1/27 | 126573 |
| 125000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 7/1/29(a) | 128580 |
|  |  | Cheniere Corpus Christi Holdings LLC, Senior Secured Notes: |  |
| 72000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 6/30/27 | 72556 |
| 199000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 11/15/29 | 190553 |
|  |  | Cheniere Energy Partners LP, Company Guaranteed Notes: |  |
| 72000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 10/1/29 | 70482 |
| 143000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/1/31 | 133893 |
| 486000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 1/31/32 | 426285 |
| 105000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 6/30/33 | 107336 |
| 600000 | Baa1(b) | Columbia Pipelines Operating Co. LLC, Senior Unsecured Notes, 6.036% due 11/15/33(a) | 617235 |
|  |  | DT Midstream Inc., Company Guaranteed Notes: |  |
| 180000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 6/15/29(a) | 171499 |
| 55000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 6/15/31(a) | 51402 |
| 50000 | A- | Eastern Energy Gas Holdings LLC, Senior Unsecured Notes, 6.200% due 1/15/55 | 50026 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** |  |
|  |  | Enbridge Inc.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| $100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 11/15/26 | $101690 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 8/1/33 | 40676 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 4/5/34 | 25206 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 8/1/51 | 31857 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.700% due 11/15/53 | 52394 |
| 955000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 4/5/54 | 913720 |
| 725000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 5.750% (5-Year CMT Index + 5.314%) due 7/15/80(d) | 701382 |
|  |  | Energy Transfer LP: |  |
| 240000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 5.250% due 4/15/29 | 243584 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes: |  |
| 223000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% (5-Year CMT Index + 5.694%)(d)(e) | 222996 |
| 405000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% (5-Year CMT Index + 4.020%) due 5/15/54(d) | 424897 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 49000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 6/1/27 | 49664 |
| 76000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 2/15/28 | 77834 |
| 30000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 6/15/28 | 30193 |
| 800000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 5/15/30 | 756722 |
| 280000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 5/15/34 | 277727 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 6/15/38 | 24449 |
| 340000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 4/1/44 | 294653 |
| 18000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 4/15/47 | 15290 |
| 750000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 4/15/49 | 714788 |
| 147000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 5/15/50 | 118839 |
|  |  | Enterprise Products Operating LLC, Company Guaranteed Notes: |  |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 1/11/27 | 100495 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 2/15/27 | 99415 |
| 660000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 10/16/28 | 654971 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 1/31/34 | 49012 |
| 150000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650% due 10/15/34 | 162971 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 2/15/35 | 48795 |
| 250000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 3/15/44 | 219630 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 2/15/45 | 22541 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/15/48 | 19594 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 2/1/49 | 42181 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 1/31/50 | 38198 |
| 130000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 1/31/51 | 90822 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 2/15/52 | 15799 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 2/15/53 | 31895 |
| 670000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 2/16/55 | 624598 |
| 180000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 1/31/60 | 125840 |
| 60000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% (3-Month Term SOFR + 2.832%) due 2/15/78(d) | 58342 |
| 105000 | B | Genesis Energy LP/Genesis Energy Finance Corp., Company Guaranteed Notes, 7.750% due 2/1/28 | 105955 |
| 90000 | BB- | Harvest Midstream I LP, Senior Unsecured Notes, 7.500% due 5/15/32(a) | 92521 |
|  |  | Hess Midstream Operations LP, Company Guaranteed Notes: |  |
| 130000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 3/1/28(a) | 131344 |
| 70000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 10/15/30(a) | 69214 |
| 25000 | BBB | Kinder Morgan Energy Partners LP, Company Guaranteed Notes, 6.950% due 1/15/38 | 26981 |
|  |  | Kinder Morgan Inc., Company Guaranteed Notes: |  |
| 110000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 2/1/29 | 111214 |
| 170000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 6/1/30 | 171560 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 6/1/45 | 45854 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** |
| $25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 3/1/48 | $21710 |
| 55000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 8/1/50 | 34110 |
| 82000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 2/15/51 | 54414 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 8/1/52 | 22150 |
| 805000 | BB+ | Kinetik Holdings LP, Company Guaranteed Notes, 5.875% due 6/15/30(a) | 800603 |
|  |  | MPLX LP, Senior Unsecured Notes: |  |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/1/27 | 99251 |
| 850000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 2/15/29 | 852634 |
| 130000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/15/38 | 111909 |
| 140000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 4/15/48 | 110036 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 2/15/49 | 43869 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 3/14/52 | 40302 |
| 100000 | B+ | NGL Energy Operating LLC/NGL Energy Finance Corp., Senior Secured Notes, 8.125% due 2/15/29(a) | 97464 |
| 375000 | BB | Northriver Midstream Finance LP, Senior Secured Notes, 6.750% due 7/15/32(a) | 378591 |
| 74000 | BBB+ | Northwest Pipeline LLC, Senior Unsecured Notes, 4.000% due 4/1/27 | 73170 |
| 85000 | Ba1(b) | NuStar Logistics LP, Company Guaranteed Notes, 6.375% due 10/1/30 | 86554 |
|  |  | ONEOK Inc., Company Guaranteed Notes: |  |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 11/1/30 | 207078 |
| 165000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 9/1/33 | 169203 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 11/1/34 | 23772 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 10/15/43 | 21495 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200% due 7/15/48 | 83981 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 2/1/49 | 19862 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 3/1/50 | 34176 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 3/15/50 | 18892 |
| 105000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 9/1/53 | 105655 |
| 25000 | BBB | ONEOK Partners LP, Company Guaranteed Notes, 6.650% due 10/1/36 | 26236 |
| 150000 | BBB | Plains All American Pipeline LP/PAA Finance Corp., Senior Unsecured Notes, 4.500% due 12/15/26 | 149780 |
| 500000 | B- | Prairie Acquiror LP, Senior Secured Notes, 9.000% due 8/1/29(a) | 508801 |
| 180000 | BB | Rockies Express Pipeline LLC, Senior Unsecured Notes, 4.950% due 7/15/29(a) | 173988 |
|  |  | Sabine Pass Liquefaction LLC, Senior Secured Notes: |  |
| 121000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/15/27 | 121540 |
| 40000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 3/15/28 | 39612 |
| 134000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 9/15/37 | 136726 |
| 1120000 | BBB- | South Bow USA Infrastructure Holdings LLC, Company Guaranteed Notes, 5.026% due 10/1/29(a) | 1110204 |
| 25000 | BBB+ | Spectra Energy Partners LP, Company Guaranteed Notes, 4.500% due 3/15/45 | 19950 |
|  |  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Company Guaranteed Notes: |  |
| 150000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 3/1/27(a) | 149892 |
| 890000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 12/31/30(a) | 853841 |
|  |  | Targa Resources Corp., Company Guaranteed Notes: |  |
| 72000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 3/1/29 | 75137 |
| 130000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 2/1/33 | 118772 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 2/15/53 | 49235 |
|  |  | Targa Resources Partners LP/Targa Resources Partners Finance Corp., Company Guaranteed Notes: |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 7/15/27 | 50095 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 1/15/28 | 99861 |
| 20000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 1/15/29 | 20386 |
| 188000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/1/30 | 189450 |
| 489000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 2/1/31 | 477079 |
| 40000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 1/15/32 | 36558 |
| 25000 | BBB+ | TransCanada PipeLines Ltd., Senior Unsecured Notes, 5.100% due 3/15/49 | 21966 |
|  |  | Transcontinental Gas Pipe Line Co. LLC, Senior Unsecured Notes: |  |
| 137000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/15/28 | 135467 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |
| **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** | **Pipelines - 1.3% - (continued)** |
| $138000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 3/15/48 | $113038 |
|  |  |  | Venture Global Calcasieu Pass LLC, Senior Secured Notes: |  |
| 200000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/15/29(a) | 185977 |
| 110000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 11/1/33(a) | 94030 |
|  |  |  | Venture Global LNG Inc.: |  |
| 380000 |  | B- | &nbsp;&nbsp;&nbsp;&nbsp; Junior Subordinated Notes, 9.000% (5-Year CMT Index + 5.440%)(a)(d)(e) | 358773 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 200000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125% due 6/1/28(a) | 204824 |
| 725000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500% due 2/1/29(a) | 775496 |
| 330000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 1/15/30(a) | 328788 |
|  |  |  | Western Midstream Operating LP, Senior Unsecured Notes: |  |
| 100000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 7/1/26 | 99718 |
| 630000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 2/1/30 | 597877 |
| 115000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 2/1/50 | 93276 |
| 50000 |  | BBB+ | Williams Cos., Inc. (The), Senior Unsecured Notes, 6.000% due 3/15/55 | 48514 |
|  |  |  | Total Pipelines | 21760375 |
| **Private Equity - 0.0%@** | **Private Equity - 0.0%@** | **Private Equity - 0.0%@** | **Private Equity - 0.0%@** | **Private Equity - 0.0%@** |
|  |  |  | Brookfield Finance Inc., Company Guaranteed Notes: |  |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 6/2/26 | 99609 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.900% due 1/25/28 | 49051 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 3/29/29 | 25027 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.968% due 3/4/54 | 48528 |
| 25000 |  | A- | Brookfield Finance LLC/Brookfield Finance Inc., Company Guaranteed Notes, 3.450% due 4/15/50 | 16409 |
|  |  |  | Total Private Equity | 238624 |
| **Real Estate - 0.0%@** | **Real Estate - 0.0%@** | **Real Estate - 0.0%@** | **Real Estate - 0.0%@** | **Real Estate - 0.0%@** |
| 490000 | <sup>EUR</sup> | Ba1(b) | Castellum AB, Junior Subordinated Notes, (Cost - $494,514, acquired 12/4/24), 3.125%<br>(3.454% - 5-Year EUR Swap Rate)(c)(e)(j) | 541745 |
| **Real Estate Investment Trusts (REITs) - 0.8%** | **Real Estate Investment Trusts (REITs) - 0.8%** | **Real Estate Investment Trusts (REITs) - 0.8%** | **Real Estate Investment Trusts (REITs) - 0.8%** | **Real Estate Investment Trusts (REITs) - 0.8%** |
|  |  |  | Alexandria Real Estate Equities Inc., Company Guaranteed Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 1/15/27 | 24754 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 1/15/28 | 24628 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 7/30/29 | 24612 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 2/1/33 | 19441 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 4/15/35 | 23235 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 3/15/52 | 32514 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 5/15/54 | 22475 |
|  |  |  | American Homes 4 Rent LP, Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/15/28 | 24687 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 4/15/32 | 22686 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 2/1/34 | 24948 |
|  |  |  | American Tower Corp., Senior Unsecured Notes: |  |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 3/15/27 | 49211 |
| 150000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800% due 11/15/28 | 155716 |
| 86000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 8/15/29 | 82978 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 6/15/30 | 87857 |
| 137000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 10/15/30 | 117580 |
| 106000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 4/15/31 | 93786 |
| 47000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 9/15/31 | 40229 |
|  |  |  | AvalonBay Communities Inc., Senior Unsecured Notes: |  |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 6/1/29 | 23886 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 3/1/30 | 22606 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 2/15/33 | 24856 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 12/7/33 | 25340 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** |  |
|  |  |  | Boston Properties LP, Senior Unsecured Notes: |  |
| $25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 12/1/28 | $24643 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 6/21/29 | 23454 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 1/30/31 | 22525 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 10/1/33 | 19575 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 1/15/34 | 26258 |
|  |  |  | Brandywine Operating Partnership LP, Company Guaranteed Notes: |  |
| 720000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.300% due 3/15/28 | 755364 |
| 80000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875% due 4/12/29 | 85280 |
| 25000 |  | BBB | Brixmor Operating Partnership LP, Senior Unsecured Notes, 5.500% due 2/15/34 | 24941 |
| 25000 |  | A- | Camden Property Trust, Senior Unsecured Notes, 4.900% due 1/15/34 | 24534 |
|  |  |  | Crown Castle Inc., Senior Unsecured Notes: |  |
| 109000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 1/11/28 | 109651 |
| 163000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 2/15/28 | 159191 |
| 69000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 11/15/29 | 64209 |
| 83000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 1/15/31 | 71421 |
| 66000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 4/1/31 | 55726 |
| 80000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 7/15/31 | 68651 |
|  |  |  | CubeSmart LP, Company Guaranteed Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 9/1/26 | 24482 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 2/15/32 | 21152 |
| 300000 | <sup>EUR</sup> | Baa2(b) | Digital Intrepid Holding BV, Company Guaranteed Notes,<br>(Cost - $244,610, acquired 5/30/23), 0.625% due 7/15/31(c) | 287246 |
| 25000 |  | BBB | Digital Realty Trust LP, Company Guaranteed Notes, 5.550% due 1/15/28 | 25594 |
|  |  |  | EPR Properties, Senior Unsecured Notes: |  |
| 25000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 8/15/29 | 23551 |
| 305000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 11/15/31 | 272023 |
|  |  |  | Equinix Inc., Senior Unsecured Notes: |  |
| 130000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.550% due 3/15/28 | 120416 |
| 183000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 5/15/28 | 170769 |
| 333000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 11/18/29 | 313496 |
| 170000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 5/15/31 | 149254 |
|  |  |  | ERP Operating LP, Senior Unsecured Notes: |  |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 3/1/28 | 24446 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 12/1/28 | 24805 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 7/1/29 | 23605 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 2/15/30 | 22784 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.850% due 8/1/31 | 21233 |
| 1331000 |  | BBB- | Essential Properties LP, Company Guaranteed Notes, 2.950% due 7/15/31 | 1163817 |
|  |  |  | Essex Portfolio LP, Company Guaranteed Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 5/1/27 | 24548 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/1/29 | 24387 |
| 170000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 4/1/34 | 170677 |
| 106000 |  | BBB+ | Extra Space Storage LP, Company Guaranteed Notes, 5.700% due 4/1/28 | 108933 |
|  |  |  | GLP Capital LP/GLP Financing II Inc., Company Guaranteed Notes: |  |
| 87000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 1/15/29 | 87202 |
| 267000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 1/15/30 | 252295 |
| 65000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 1/15/31 | 60611 |
| 86000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 1/15/32 | 74457 |
| 25000 |  | BBB+ | Healthpeak OP LLC, Company Guaranteed Notes, 2.875% due 1/15/31 | 22443 |
| 25000 |  | BBB- | Host Hotels & Resorts LP, Senior Unsecured Notes, 2.900% due 12/15/31 | 21411 |
| 146000 |  | BBB | Invitation Homes Operating Partnership LP, Company Guaranteed Notes,<br>2.300% due 11/15/28 | 135445 |
|  |  |  | Iron Mountain Inc., Company Guaranteed Notes: |  |
| 450000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 9/15/27(a) | 444920 |
| 80000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/15/28(a) | 79173 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** |  |
|  |  | Kilroy Realty LP, Company Guaranteed Notes: |  |
| $25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 8/15/29 | $23619 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 11/15/33 | 19153 |
|  |  | Kimco Realty OP LLC, Company Guaranteed Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 4/1/27 | 24695 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 4/1/32 | 22341 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 2/1/33 | 24142 |
| 65000 | BB | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Company Guaranteed Notes, 7.000% due 7/15/31(a) | 67438 |
| 25000 | A- | Mid-America Apartments LP, Senior Unsecured Notes, 5.000% due 3/15/34 | 24898 |
|  |  | NNN REIT Inc., Senior Unsecured Notes: |  |
| 124000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 4/15/50 | 76650 |
| 238000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 4/15/51 | 159266 |
|  |  | Omega Healthcare Investors Inc., Company Guaranteed Notes: |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/15/28 | 25015 |
| 790000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 10/1/29 | 743828 |
| 765000 | BBB- | Piedmont Operating Partnership LP, Company Guaranteed Notes, 2.750% due 4/1/32 | 614557 |
|  |  | Prologis LP, Senior Unsecured Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 6/15/28 | 25352 |
| 147000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 4/15/30 | 131898 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 1/15/33 | 24457 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 1/15/34 | 24896 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/15/34 | 24600 |
| 140000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 10/15/50 | 72310 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 6/15/53 | 22861 |
|  |  | Public Storage Operating Co., Company Guaranteed Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.850% due 5/1/28 | 23324 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.385% due 5/1/29 | 24100 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 11/9/31 | 21517 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 8/1/33 | 25317 |
|  |  | Realty Income Corp., Senior Unsecured Notes: |  |
| 57000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 12/15/29 | 53340 |
| 74000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 1/15/31 | 68338 |
| 134000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 2/15/34 | 133365 |
| 90000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 9/1/54 | 84144 |
|  |  | Regency Centers LP, Company Guaranteed Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 2/1/27 | 24669 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 1/15/34 | 24982 |
|  |  | RHP Hotel Properties LP/RHP Finance Corp., Company Guaranteed Notes: |  |
| 240000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 10/15/27 | 237239 |
| 100000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 4/1/32(a) | 101445 |
| 1020000 | BBB- | Sabra Health Care LP, Company Guaranteed Notes, 5.125% due 8/15/26 | 1018759 |
| 155000 | BB+ | SBA Communications Corp., Senior Unsecured Notes, 3.125% due 2/1/29 | 144300 |
|  |  | Simon Property Group LP, Senior Unsecured Notes: |  |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 6/15/27 | 49106 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 12/1/27 | 48846 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 9/13/29 | 45968 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 7/15/30 | 45426 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.200% due 2/1/31 | 21876 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 1/15/32 | 21286 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 2/1/32 | 21693 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/8/33 | 25609 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 1/15/34 | 26644 |
| 50000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 9/13/49 | 32692 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** | **Real Estate Investment Trusts (REITs) - 0.8% - (continued)** |  |
| $25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 7/15/50 | $17936 |
|  |  | Starwood Property Trust Inc., Senior Unsecured Notes: |  |
| 110000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250% due 4/1/29(a) | 114480 |
| 293000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 7/1/30(a) | 297288 |
|  |  | UDR Inc., Company Guaranteed Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 8/15/31 | 22413 |
| 255000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.100% due 8/1/32 | 206563 |
| 170000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 9/1/34 | 165656 |
|  |  | Ventas Realty LP, Company Guaranteed Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/1/28 | 24601 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 1/15/29 | 24737 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 1/15/30 | 23154 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 4/15/49 | 20931 |
| 312000 | BBB- | VICI Properties LP, Senior Unsecured Notes, 4.750% due 2/15/28 | 312293 |
| 160000 | BBB- | VICI Properties LP/VICI Notes Co., Inc., Company Guaranteed Notes, 4.500% due 1/15/28(a) | 158080 |
| 460000 | BBB+ | WEA Finance LLC/Westfield UK & Europe Finance PLC, Company Guaranteed Notes, 4.750% due 9/17/44(a) | 365880 |
|  |  | Welltower OP LLC, Company Guaranteed Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 2/15/27 | 24361 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.050% due 1/15/29 | 22950 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/15/29 | 24675 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 1/15/30 | 23477 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 1/15/31 | 22543 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 1/15/32 | 21957 |
|  |  | Weyerhaeuser Co., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 11/15/29 | 24348 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/9/52 | 18268 |
|  |  | Total Real Estate Investment Trusts (REITs) | 13111175 |
| **Retail - 0.4%** | **Retail - 0.4%** | **Retail - 0.4%** |  |
| 100000 | BB | Asbury Automotive Group Inc., Company Guaranteed Notes, 4.625% due 11/15/29(a) | 95151 |
| 50000 | BBB | AutoZone Inc., Senior Unsecured Notes, 5.400% due 7/15/34 | 50306 |
| 295000 | BB+ | Bath & Body Works Inc., Company Guaranteed Notes, 7.500% due 6/15/29 | 303392 |
| 25000 | BBB | Dick's Sporting Goods Inc., Senior Unsecured Notes, 4.100% due 1/15/52 | 17130 |
| 25000 | BBB | Dollar General Corp., Senior Unsecured Notes, 4.125% due 4/3/50 | 18036 |
| 75000 | BB | FirstCash Inc., Company Guaranteed Notes, 6.875% due 3/1/32(a) | 76969 |
| 130000 | BB | Gap Inc. (The), Company Guaranteed Notes, 3.625% due 10/1/29(a) | 118866 |
|  |  | Group 1 Automotive Inc., Company Guaranteed Notes: |  |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 8/15/28(a) | 47957 |
| 146000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 1/15/30(a) | 148935 |
|  |  | Home Depot Inc. (The), Senior Unsecured Notes: |  |
| 100000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 6/15/29 | 95035 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 12/16/36 | 52706 |
| 70000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 4/15/40 | 54545 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 4/1/43 | 20789 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 2/15/44 | 22486 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 3/15/45 | 20972 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 4/1/46 | 40800 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 12/6/48 | 41755 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 12/15/49 | 32667 |
| 180000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 4/15/50 | 123019 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 3/15/51 | 27358 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 9/15/51 | 29689 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 4/15/52 | 35365 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 9/15/52 | 22106 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Retail - 0.4% - (continued)** | **Retail - 0.4% - (continued)** | **Retail - 0.4% - (continued)** |  |
| $25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 9/15/56 | $16820 |
| 405000 | BB- | Kohl's Corp., Senior Unsecured Notes, 5.125% due 5/1/31 | 260606 |
| 95000 | BB+ | Lithia Motors Inc., Senior Unsecured Notes, 3.875% due 6/1/29(a) | 89538 |
|  |  | Lowe's Cos., Inc., Senior Unsecured Notes: |  |
| 405000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 4/5/29 | 392759 |
| 284000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.700% due 10/15/30 | 244349 |
| 91000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 4/1/31 | 81080 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 5/3/47 | 37784 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 10/15/50 | 30350 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 4/1/52 | 18975 |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 4/15/53 | 46902 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 4/1/62 | 18844 |
|  |  | Macy's Retail Holdings LLC, Company Guaranteed Notes: |  |
| 1120000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 3/15/30(a) | 1070640 |
| 95000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 3/15/32(a) | 88145 |
|  |  | McDonald's Corp., Senior Unsecured Notes: |  |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 3/1/27 | 98691 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 12/9/35 | 24022 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.300% due 3/1/38 | 26855 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 9/1/48 | 20537 |
| 70000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 9/1/49 | 49859 |
| 425000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 4/1/50 | 331425 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 9/9/52 | 22501 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 8/14/53 | 23588 |
| 110000 | BB+ | Nordstrom Inc., Senior Unsecured Notes, 4.375% due 4/1/30 | 100354 |
| 115000 | BB- | Penske Automotive Group Inc., Company Guaranteed Notes, 3.750% due 6/15/29 | 107880 |
| 480000 | BB | PetSmart Inc./PetSmart Finance Corp., Senior Secured Notes, 4.750% due 2/15/28(a) | 463755 |
| 70000 | BB | Sally Holdings LLC/Sally Capital Inc., Company Guaranteed Notes, 6.750% due 3/1/32 | 71195 |
| 150000 | BB- | Sonic Automotive Inc., Company Guaranteed Notes, 4.625% due 11/15/29(a) | 143414 |
|  |  | Starbucks Corp., Senior Unsecured Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 2/15/31 | 50383 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 12/1/47 | 17865 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/48 | 20051 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 8/15/49 | 19910 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 3/12/50 | 16319 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 11/15/50 | 16842 |
| 80000 | BB- | Superior Plus LP/Superior General Partner Inc., Company Guaranteed Notes,<br>4.500% due 3/15/29(a) | 76112 |
|  |  | Target Corp., Senior Unsecured Notes: |  |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 9/15/32 | 49201 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/1/42 | 20509 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 4/15/46 | 18355 |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 1/15/52 | 30844 |
|  |  | Walmart Inc., Senior Unsecured Notes: |  |
| 90000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 9/22/28 | 82927 |
| 40000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.800% due 9/22/31 | 34441 |
| 100000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 4/15/33 | 96845 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 4/15/38 | 27627 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 6/28/38 | 22370 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 4/15/41 | 26048 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 9/22/41 | 17231 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 12/15/47 | 18931 |
| 50000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.050% due 6/29/48 | 40525 |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 9/24/49 | 16338 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Retail - 0.4% - (continued)** | **Retail - 0.4% - (continued)** | **Retail - 0.4% - (continued)** |  |
| $50000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 9/22/51 | $30744 |
|  |  | Total Retail | 6127320 |
| **Semiconductors - 0.6%** | **Semiconductors - 0.6%** | **Semiconductors - 0.6%** |  |
| 220000 | BB | Amkor Technology Inc., Senior Unsecured Notes, 6.625% due 9/15/27(a) | 220887 |
|  |  | Analog Devices Inc., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 10/1/41 | 17769 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 10/1/51 | 15712 |
|  |  | Applied Materials Inc., Senior Unsecured Notes: |  |
| 50000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 4/1/27 | 49255 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 6/15/41 | 25934 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 4/1/47 | 20733 |
| 100000 | BBB+ | Broadcom Corp./Broadcom Cayman Finance Ltd., Company Guaranteed Notes,<br>3.875% due 1/15/27 | 99173 |
|  |  | Broadcom Inc.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 377000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 11/15/30 | 367391 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 2/15/41(a) | 77355 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 2/15/51(a) | 72341 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 170000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 4/15/32(a) | 161724 |
| 100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.469% due 4/15/34(a) | 87700 |
| 1054000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.137% due 11/15/35(a) | 872109 |
| 10000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.187% due 11/15/36(a) | 8112 |
| 108000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.926% due 5/15/37(a) | 102837 |
|  |  | Entegris Inc.: |  |
| 319000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 5.950% due 6/15/30(a) | 319522 |
| 445000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 4.750% due 4/15/29(a) | 432295 |
|  |  | Foundry JV Holdco LLC, Senior Secured Notes: |  |
| 320000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 1/25/34(a) | 320515 |
| 2300000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 1/25/37(a) | 2349318 |
|  |  | Intel Corp., Senior Unsecured Notes: |  |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.450% due 11/15/29 | 90381 |
| 735000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 11/15/49 | 447988 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/25/50 | 78737 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 8/5/52 | 39869 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 2/10/53 | 44842 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 2/21/54 | 22200 |
| 64000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 2/10/63 | 57859 |
|  |  | KLA Corp., Senior Unsecured Notes: |  |
| 258000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 3/15/29 | 255936 |
| 100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 7/15/62 | 90239 |
|  |  | Lam Research Corp., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 3/15/49 | 22151 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 6/15/60 | 14916 |
| 25000 | BBB- | Marvell Technology Inc., Senior Unsecured Notes, 5.750% due 2/15/29 | 25852 |
|  |  | Micron Technology Inc., Senior Unsecured Notes: |  |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 4/15/28 | 25502 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.663% due 2/15/30 | 24662 |
| 100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 2/9/33 | 102152 |
| 25000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 9/15/33 | 25634 |
| 990000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 11/1/35 | 1007550 |
|  |  | NVIDIA Corp., Senior Unsecured Notes: |  |
| 25000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 4/1/40 | 20564 |
| 510000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 4/1/50 | 373653 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Semiconductors - 0.6% - (continued)** | **Semiconductors - 0.6% - (continued)** | **Semiconductors - 0.6% - (continued)** |  |
| $160000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 4/1/60 | $114623 |
|  |  | NXP BV/NXP Funding LLC/NXP USA Inc., Company Guaranteed Notes: |  |
| 50000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 6/18/26 | 49602 |
| 296000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 5/11/31 | 256021 |
| 70000 | BB | ON Semiconductor Corp., Company Guaranteed Notes, 3.875% due 9/1/28(a) | 66908 |
|  |  | QUALCOMM Inc., Senior Unsecured Notes: |  |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150% due 5/20/30 | 22516 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 5/20/45 | 22234 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 5/20/50 | 16751 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/20/52 | 20565 |
| 25000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 5/20/53 | 25691 |
| 105000 | BB- | Synaptics Inc., Company Guaranteed Notes, 4.000% due 6/15/29(a) | 97836 |
|  |  | Texas Instruments Inc., Senior Unsecured Notes: |  |
| 90000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 5/4/30 | 79504 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 3/15/39 | 21600 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 5/15/48 | 39919 |
| 62000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 5/18/63 | 54611 |
|  |  | Total Semiconductors | 9279750 |
| **Shipbuilding - 0.0%@** | **Shipbuilding - 0.0%@** | **Shipbuilding - 0.0%@** |  |
| 137000 | BBB- | Huntington Ingalls Industries Inc., Company Guaranteed Notes, 2.043% due 8/16/28 | 126303 |
| **Software - 0.4%** | **Software - 0.4%** | **Software - 0.4%** |  |
| 50000 | A+ | Adobe Inc., Senior Unsecured Notes, 2.300% due 2/1/30 | 45812 |
| 500000 | CCC | AthenaHealth Group Inc., Senior Unsecured Notes, 6.500% due 2/15/30(a) | 482224 |
| 90000 | BBB+ | Autodesk Inc., Senior Unsecured Notes, 2.850% due 1/15/30 | 83418 |
| 750000 | B | Cloud Software Group Inc., Senior Secured Notes, 8.250% due 6/30/32(a) | 789250 |
| 25000 | BBB | Concentrix Corp., Senior Unsecured Notes, 6.600% due 8/2/28 | 26204 |
| 50000 | B | CoreWeave Inc., Company Guaranteed Notes, 9.250% due 6/1/30(a) | 49980 |
| 115000 | BB- | Elastic NV, Senior Unsecured Notes, 4.125% due 7/15/29(a) | 108735 |
|  |  | Fidelity National Information Services Inc., Senior Unsecured Notes: |  |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.650% due 3/1/28 | 23161 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 3/1/41 | 17856 |
|  |  | Fiserv Inc., Senior Unsecured Notes: |  |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 7/1/26 | 49281 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 3/2/28 | 25565 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 8/21/28 | 25590 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 10/1/28 | 24724 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 7/1/29 | 95294 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 6/1/30 | 22580 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 7/1/49 | 39208 |
|  |  | Intuit Inc., Senior Unsecured Notes: |  |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.350% due 7/15/27 | 23557 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 9/15/28 | 25683 |
| 25000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.650% due 7/15/30 | 21827 |
|  |  | Microsoft Corp., Senior Unsecured Notes: |  |
| 55000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 8/8/36 | 48590 |
| 157000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.525% due 6/1/50 | 95327 |
| 50000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 9/15/50 | 30033 |
| 168000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.921% due 3/17/52 | 109079 |
| 50000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 2/6/57 | 44124 |
| 142000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.041% due 3/17/62 | 89489 |
|  |  | Oracle Corp., Senior Unsecured Notes: |  |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 7/15/26 | 97944 |
| 60000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.650% due 5/6/30 | 60021 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Software - 0.4% - (continued)** | **Software - 0.4% - (continued)** | **Software - 0.4% - (continued)** |  |
| $600000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 3/25/31 | $540893 |
| 46000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 11/9/32 | 49061 |
| 238000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 7/8/34 | 221022 |
| 37000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 7/15/36 | 31863 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 11/15/37 | 166595 |
| 88000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 7/15/40 | 83225 |
| 500000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 3/25/41 | 383227 |
| 76000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/15/46 | 56857 |
| 91000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 11/15/47 | 67295 |
| 280000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 4/1/50 | 189993 |
| 350000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 9/27/54 | 309996 |
| 55000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 5/15/55 | 41640 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 4/1/60 | 66431 |
| 135000 | BB | RingCentral Inc., Senior Unsecured Notes, 8.500% due 8/15/30(a) | 142706 |
|  |  | Roper Technologies Inc., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 9/15/29 | 23378 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 2/15/31 | 21178 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 10/15/34 | 24223 |
|  |  | Salesforce Inc., Senior Unsecured Notes: |  |
| 140000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 7/15/41 | 97713 |
| 50000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.900% due 7/15/51 | 31072 |
| 25000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 7/15/61 | 14763 |
| 205000 | B+ | SS&C Technologies Inc., Company Guaranteed Notes, 5.500% due 9/30/27(a) | 204877 |
|  |  | Synopsys Inc., Senior Unsecured Notes: |  |
| 160000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 4/1/30 | 161279 |
| 130000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 4/1/32 | 130120 |
| 110000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 4/1/35 | 108735 |
| 210000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.700% due 4/1/55 | 200213 |
| 50000 | BBB+ | VMware LLC, Senior Unsecured Notes, 3.900% due 8/21/27 | 49312 |
|  |  | Workday Inc., Senior Unsecured Notes: |  |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 4/1/27 | 24588 |
| 25000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 4/1/29 | 24208 |
|  |  | Total Software | 6021019 |
| **Telecommunications - 0.9%** | **Telecommunications - 0.9%** | **Telecommunications - 0.9%** |  |
|  |  | AT&T Inc., Senior Unsecured Notes: |  |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 3/1/27 | 199407 |
| 100000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 6/1/27 | 95987 |
| 50000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.650% due 2/1/28 | 46554 |
| 55000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 3/1/29 | 54706 |
| 142000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 6/1/31 | 126983 |
| 83000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 2/15/34 | 83994 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 3/1/37 | 24464 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.900% due 8/15/37 | 23595 |
| 25000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.850% due 3/1/39 | 23104 |
| 80000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.550% due 8/15/41 | 77278 |
| 73000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.350% due 6/15/45 | 58970 |
| 132000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 5/15/46 | 112398 |
| 238000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 3/9/48 | 192560 |
| 270000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 9/15/53 | 179149 |
| 1527000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 9/15/55 | 1007930 |
| 190000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 8/15/56 | 190186 |
| 52000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 12/1/57 | 35589 |
| 432000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 9/15/59 | 283975 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Telecommunications - 0.9% - (continued)** | **Telecommunications - 0.9% - (continued)** | **Telecommunications - 0.9% - (continued)** | **Telecommunications - 0.9% - (continued)** |  |
| $18000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 6/1/60 | $12202 |
| 500000 | <sup>GBP</sup> | BB+ | British Telecommunications PLC, Company Guaranteed Notes,<br>(Cost - $681,046, acquired 3/7/24), 8.375%<br>(5-Year UK Government Note Generic Bid Yield + 3.820%) due 12/20/83(c)(d) | 721440 |
|  |  |  | Cisco Systems Inc., Senior Unsecured Notes: |  |
| 50000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800% due 2/26/27 | 50502 |
| 100000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 2/26/31 | 101947 |
| 50000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900% due 2/15/39 | 52511 |
| 50000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 1/15/40 | 50529 |
| 25000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 2/26/64 | 23415 |
| 505000 |  | B+ | Colombia Telecomunicaciones SA ESP, Senior Unsecured Notes, 4.950% due 7/17/30(a) | 443568 |
| 38000 |  | B- | CommScope LLC, Senior Secured Notes, 4.750% due 9/1/29(a) | 36439 |
|  |  |  | Corning Inc., Senior Unsecured Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350% due 11/15/48 | 22743 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 11/15/57 | 19118 |
| 80000 |  | B | EchoStar Corp., Senior Secured Notes, 10.750% due 11/30/29(d) | 80454 |
| 370000 | <sup>EUR</sup> | BB+ | Fibercop SpA, Senior Secured Notes, 1.625% due 1/18/29 | 391737 |
| 95000 |  | B | Frontier Communications Holdings LLC, Senior Secured Notes, 5.875% due 10/15/27(a) | 95302 |
| 340000 |  | B1(b) | Intelsat Jackson Holdings SA, Senior Secured Notes, 6.500% due 3/15/30(a) | 335198 |
| 63000 |  | BBB | Juniper Networks Inc., Senior Unsecured Notes, 2.000% due 12/10/30 | 53995 |
| 600000 | <sup>EUR</sup> | BB+ | Lorca Telecom Bondsco SA, Senior Secured Notes, (Cost - $632,602, acquired 12/3/24), 4.000% due 9/18/27(c) | 682109 |
| 165000 |  | B+ | Lumen Technologies Inc., Senior Secured Notes, 4.125% due 4/15/30(a) | 161081 |
|  |  |  | Motorola Solutions Inc., Senior Unsecured Notes: |  |
| 83000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 5/23/29 | 82815 |
| 37000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 5/24/31 | 32772 |
| 26000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600% due 6/1/32 | 26703 |
| 350000 |  | BBB- | Nokia OYJ, Senior Unsecured Notes, 6.625% due 5/15/39 | 356372 |
|  |  |  | Rogers Communications Inc.: |  |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 100000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 3/15/27 | 97837 |
| 340000 |  | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 2/15/34 | 334187 |
| 165000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp; Subordinated Notes, 7.125% (5-Year CMT Index + 2.620%) due 4/15/55(d) | 165096 |
| 900000 |  | A1(b) | Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC, Senior Secured Notes, 5.152% due 3/20/28(a) | 903911 |
| 150000 |  | BBB- | Telefonica Emisiones SA, Company Guaranteed Notes, 5.213% due 3/8/47 | 129277 |
| 400000 | <sup>EUR</sup> | BB | Telefonica Europe BV, Company Guaranteed Notes, (Cost - $450,953, acquired 3/7/24), 6.135% (7-Year EUR Swap Rate + 3.347%)(c)(d)(e) | 482415 |
|  |  |  | T-Mobile USA Inc., Company Guaranteed Notes: |  |
| 40000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 2/15/26 | 39293 |
| 152000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 4/15/27 | 150048 |
| 110000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 2/15/29 | 102465 |
| 300000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 4/15/29 | 286277 |
| 80000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 2/15/31 | 72102 |
| 290000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 11/15/31 | 248482 |
| 330000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 3/15/32 | 286479 |
| 199000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 7/15/33 | 197147 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 4/15/40 | 86527 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.300% due 2/15/51 | 64913 |
| 100000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 10/15/52 | 65274 |
| 250000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 1/15/55 | 230776 |
|  |  |  | Verizon Communications Inc., Senior Unsecured Notes: |  |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/16/27 | 99605 |
| 37000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.016% due 12/3/29 | 36202 |
| 10000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 3/22/30 | 9372 |
| 138000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.680% due 10/30/30 | 118194 |
| 145000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 1/20/31 | 123565 |
| 115000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 3/21/31 | 101799 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Telecommunications - 0.9% - (continued)** | **Telecommunications - 0.9% - (continued)** | **Telecommunications - 0.9% - (continued)** | **Telecommunications - 0.9% - (continued)** |  |
| $100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.355% due 3/15/32 | $85178 |
| 114000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 5/9/33 | 114031 |
| 464000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.780% due 2/15/35 | 446382 |
| 101000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850% due 9/15/35 | 104574 |
| 21000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.272% due 1/15/36 | 19091 |
| 193000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.650% due 11/20/40 | 133009 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 3/22/41 | 37749 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/22/50 | 74398 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 11/20/50 | 30303 |
| 150000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 3/22/51 | 104687 |
| 69000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.987% due 10/30/56 | 40306 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 11/20/60 | 57215 |
| 500000 | <sup>EUR</sup> | B+ | Vmed O2 UK Financing I PLC, Senior Secured Notes,<br>(Cost - $533,182, acquired 12/3/24), 5.625% due 4/15/32(c) | 586563 |
|  |  |  | Vodafone Group PLC, Senior Unsecured Notes: |  |
| 9000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.150% due 2/27/37 | 9479 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 6/19/49 | 20923 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 9/17/50 | 37768 |
| 50000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 6/28/54 | 46782 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 6/28/64 | 23328 |
| 600000 | <sup>EUR</sup> | Ba3(b) | Zegona Finance PLC, Senior Secured Notes, 6.750% due 7/15/29(a) | 725584 |
|  |  |  | Total Telecommunications | 13778374 |
| **Toys/Games/Hobbies - 0.1%** | **Toys/Games/Hobbies - 0.1%** | **Toys/Games/Hobbies - 0.1%** | **Toys/Games/Hobbies - 0.1%** |  |
| 920000 |  | BBB | Hasbro Inc., Senior Unsecured Notes, 6.050% due 5/14/34 | 931602 |
| 765000 |  | BBB | Mattel Inc., Company Guaranteed Notes, 5.875% due 12/15/27(a) | 768222 |
|  |  |  | Total Toys/Games/Hobbies | 1699824 |
| **Transportation - 0.3%** | **Transportation - 0.3%** | **Transportation - 0.3%** | **Transportation - 0.3%** |  |
|  |  |  | Burlington Northern Santa Fe LLC, Senior Unsecured Notes: |  |
| 201000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150% due 12/15/48 | 160509 |
| 52000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 2/15/51 | 33490 |
| 174000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 6/15/52 | 106697 |
| 500000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/15/55 | 483236 |
|  |  |  | Canadian National Railway Co., Senior Unsecured Notes: |  |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.200% due 8/2/46 | 17346 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.650% due 2/3/48 | 18596 |
| 25000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 1/20/49 | 20997 |
|  |  |  | Canadian Pacific Railway Co., Company Guaranteed Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 5/15/43 | 20953 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 5/1/48 | 21340 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 5/1/50 | 17253 |
| 270000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 12/2/51 | 172680 |
|  |  |  | CSX Corp., Senior Unsecured Notes: |  |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 11/15/32 | 23799 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 5/30/42 | 22244 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 11/1/46 | 18854 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 11/15/48 | 21567 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350% due 9/15/49 | 16952 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.800% due 4/15/50 | 18536 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.950% due 5/1/50 | 18956 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/52 | 20548 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 8/1/54 | 20506 |
| 25000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 11/1/66 | 18605 |
|  |  |  | FedEx Corp., Company Guaranteed Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 5/15/41 | 17239 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** | **CORPORATE BONDS & NOTES - 29.7% - (continued)** |  |
| **Transportation - 0.3% - (continued)** | **Transportation - 0.3% - (continued)** | **Transportation - 0.3% - (continued)** | **Transportation - 0.3% - (continued)** |  |
| $25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 4/15/43 | $18733 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 1/15/44 | 21357 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 11/15/45 | 20338 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 1/15/47 | 19101 |
| 24000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 5/15/50 | 20660 |
| 145000 |  | BB | Genesee & Wyoming Inc., Senior Secured Notes, 6.250% due 4/15/32(a) | 147421 |
|  |  |  | Norfolk Southern Corp., Senior Unsecured Notes: |  |
| 46000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 11/1/29 | 42222 |
| 166000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 5/15/31 | 145416 |
| 138000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.942% due 11/1/47 | 104406 |
| 52000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.155% due 5/15/55 | 32140 |
| 55000 |  | BB | RXO Inc, Company Guaranteed Notes, 7.500% due 11/15/27(a) | 56342 |
| 100000 |  | BBB+ | Ryder System Inc., Senior Unsecured Notes, 5.300% due 3/15/27 | 101305 |
|  |  |  | Union Pacific Corp., Senior Unsecured Notes: |  |
| 153000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800% due 2/14/32 | 135973 |
| 884000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.891% due 4/6/36 | 717802 |
| 35000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300% due 3/1/49 | 28243 |
| 138000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 2/5/50 | 92672 |
| 45000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 3/10/52 | 27844 |
| 144000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 2/14/53 | 99021 |
| 320000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.839% due 3/20/60 | 223368 |
| 10000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 2/5/70 | 6583 |
|  |  |  | United Parcel Service Inc., Senior Unsecured Notes: |  |
| 100000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.400% due 11/15/26 | 97397 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 3/3/33 | 49973 |
| 50000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.150% due 5/22/34 | 50431 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.200% due 1/15/38 | 26608 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 3/15/49 | 19682 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400% due 9/1/49 | 16956 |
| 25000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.300% due 4/1/50 | 22973 |
| 700000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950% due 5/14/55 | 694845 |
| 700000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 5/14/65 | 692682 |
| 145000 |  | BB- | XPO Inc., Company Guaranteed Notes, 7.125% due 6/1/31(a) | 150210 |
|  |  |  | Total Transportation | 5173607 |
| **Trucking & Leasing - 0.2%** | **Trucking & Leasing - 0.2%** | **Trucking & Leasing - 0.2%** | **Trucking & Leasing - 0.2%** |  |
| 1890000 |  | B+ | Fortress Transportation & Infrastructure Investors LLC, Company Guaranteed Notes, 7.000% due 6/15/32(a) | 1933306 |
|  |  |  | GATX Corp., Senior Unsecured Notes: |  |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 3/15/27 | 25259 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.850% due 3/30/27 | 24610 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.700% due 4/1/29 | 24988 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/30/30 | 23926 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/1/32 | 22489 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 9/15/33 | 25003 |
| 25000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.900% due 5/1/34 | 27284 |
| 270000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 6/5/54 | 262596 |
|  |  |  | Total Trucking & Leasing | 2369461 |
| **Water - 0.0%@** | **Water - 0.0%@** | **Water - 0.0%@** | **Water - 0.0%@** |  |
| 351000 | <sup>EUR</sup> | BB+ | Holding d'Infrastructures des Metiers de l'Environnement, Senior Unsecured Notes, (Cost - $377,179, acquired 12/5/24), 4.875% due 10/24/29(c) | 413568 |
|  |  |  | **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $489,838,572) | **483271911** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | |
|:---|:---|:---|
| **Face<br>Amount/Units†** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - 29.0%** | **MORTGAGE-BACKED SECURITIES - 29.0%** |  |
| **FHLMC - 6.7%** | **FHLMC - 6.7%** |  |
|  | Federal Home Loan Mortgage Corp. (FHLMC): |  |
| $1468351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/1/29 - 10/1/52 | $1396245 |
| 20781218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 1/1/30 - 3/1/55 | 20661990 |
| 24750225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 3/1/31 - 6/1/52 | 21287624 |
| 3497798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 5/1/31 - 12/1/50 | 2770804 |
| 20176147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 11/1/31 - 5/1/52 | 16569739 |
| 8856774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 11/1/33 - 4/1/52 | 8103746 |
| 3752298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 12/1/34 - 4/1/54 | 3666679 |
| 17537867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 3/1/36 - 5/1/52 | 13895007 |
| 13052978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 4/1/38 - 5/1/54 | 12263866 |
| 7037018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 5/1/38 - 4/1/55 | 7137914 |
| 1898852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 7/1/53 - 9/1/54 | 1961617 |
|  | Total FHLMC | 109715231 |
| **FNMA - 14.6%** | **FNMA - 14.6%** |  |
|  | Federal National Mortgage Association (FNMA): |  |
| 4950457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/1/25 - 9/1/53 | 4586539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13612915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 11/1/25 - 6/1/52 | 12244801 |
| 15744932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/1/26 - 1/1/55 | 15623312 |
| 39556054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 11/1/27 - 7/1/61 | 32854021 |
| 34878634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 12/1/27 - 9/1/61 | 30121113 |
| 17517180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 3/1/29 - 5/1/53 | 16607531 |
| 8531332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/1/29 - 5/1/53 | 8347222 |
| 1757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.690% due 5/1/30 | 1779384 |
| 6599857 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.590% due 9/1/30 | 6068616 |
| 3499759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 6/1/31 - 8/1/51 | 2980688 |
| 8000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.670% due 7/1/33 | 7490051 |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.060% due 1/1/34 | 2447352 |
| 40899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.402% (1-Year Refinitiv USD IBOR Consumer Cash Fallbacks Term + 1.527%) due 3/1/34(d) | 41397 |
| 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.440% due 4/1/35 | 3249371 |
| 2199000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.890% due 5/1/35 | 1701113 |
| 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.290% due 5/1/35 | 3825977 |
| 1097000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.180% due 5/1/35 | 1120725 |
| 32981895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/1/36 - 12/1/53 | 26193521 |
| 6550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 4/1/37 | 6635 |
| 34500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.265% (1-Year Refinitiv USD IBOR Consumer Cash Fallbacks Term + 1.265%) due 5/1/37(d) | 34804 |
| 985717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 5/1/40 - 8/1/54 | 1020214 |
| 7225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 6/1/40 - 5/1/55(k) | 6156600 |
| 275000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/1/40(k) | 262538 |
| 600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/1/40 - 6/1/55(k) | 559891 |
| 10028317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 11/1/52 - 5/1/55 | 10136339 |
| 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/1/55(k) | 854276 |
| 11725000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 6/1/55 - 7/1/55(k) | 9547003 |
| 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 6/1/55(k) | 282835 |
| 10125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 6/1/55 - 7/1/55(k) | 9792295 |
| 15350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 6/1/55 - 7/1/55(k) | 15179208 |
| 1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 6/1/55(k) | 1211706 |
| 4370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 6/1/55(k) | 4486221 |
|  | Total FNMA | 236813299 |
| **GNMA - 7.7%** | **GNMA - 7.7%** |  |
|  | Government National Mortgage Association (GNMA): |  |
| 10406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 12/15/33 - 6/15/37 | 10675 |
| 237642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 10/15/34 - 9/15/40 | 237228 |
| 16586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 5/15/37 - 6/15/38 | 16946 |
| 25630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 1/15/38 - 10/15/38 | 26741 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | |
|:---|:---|:---|
| **Face<br>Amount/Units†** | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - 29.0% - (continued)** | **MORTGAGE-BACKED SECURITIES - 29.0% - (continued)** |  |
| **GNMA - 7.7% - (continued)** | **GNMA - 7.7% - (continued)** |  |
| $35013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 3/15/41 | $33852 |
| 303899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/15/41 - 11/15/45 | 288255 |
|  | Government National Mortgage Association II (GNMA): |  |
| 8320543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 11/20/38 - 9/20/54 | 8417806 |
| 3586574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 11/20/40 - 11/20/52 | 3315423 |
| 22623033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 11/20/40 - 11/20/54 | 21970182 |
| 5874509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 6/20/41 - 5/20/53 | 5580992 |
| 12447261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 1/20/43 - 1/20/54 | 10879389 |
| 9477588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/20/43 - 10/20/52 | 8481168 |
| 48127974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 9/20/50 - 5/20/55 | 40354184 |
| 9004091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 10/20/50 - 4/20/52 | 7235340 |
| 9824389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 4/20/53 - 8/20/54 | 9766264 |
| 1750214 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 8/20/54 - 2/20/55 | 1790128 |
| 998798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 4/20/55 | 1062602 |
| 500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 6/20/55(k) | 484839 |
| 4100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 6/20/55(k) | 4069898 |
| 1100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 6/20/55(k) | 1110583 |
|  | Total GNMA | 125132495 |
|  | **TOTAL MORTGAGE-BACKED SECURITIES**<br> (Cost - $485,508,272) | **471661025** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4%** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4%** |  |
| **U.S. GOVERNMENT AGENCIES - 0.3%** | **U.S. GOVERNMENT AGENCIES - 0.3%** |  |
| 2720000 | Federal Farm Credit Banks Funding Corp., 3.500% due 2/28/39 | 2315556 |
|  | Federal Home Loan Banks: |  |
| 635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.920% due 2/26/27 | 601662 |
| 690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.490% due 3/26/40 | 505428 |
|  | Federal National Mortgage Association (FNMA), Principal Strip: |  |
| 575000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; zero coupon due 1/15/30(m) | 475526 |
| 595000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; zero coupon due 5/15/30(m) | 485028 |
|  | Total U.S. GOVERNMENT AGENCIES | 4383200 |
| **U.S. GOVERNMENT OBLIGATIONS - 19.1%** | **U.S. GOVERNMENT OBLIGATIONS - 19.1%** |  |
|  | U.S. Treasury Bonds: |  |
| 1520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 5/15/37 | 1589588 |
| 105000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 2/15/38 | 103003 |
| 1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 8/15/40 | 899736 |
| 620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 11/15/40 | 385902 |
| 2869000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 2/15/41 | 1928338 |
| 350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 5/15/41 | 248616 |
| 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 11/15/41 | 737689 |
| 1435000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 2/15/42 | 1019943 |
| 1115000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 8/15/42 | 915846 |
| 3671000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 11/15/42 | 3280024 |
| 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 2/15/43 | 78629 |
| 1625000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 2/15/43 | 1424128 |
| 215000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 5/15/43 | 187957 |
| 502500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 8/15/43 | 423042 |
| 540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 8/15/43 | 503877 |
| 10310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 11/15/43 | 8813842 |
| 920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 11/15/43 | 899965 |
| 1125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 2/15/44 | 941792 |
| 1830000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 2/15/44 | 1730887 |
| 20500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 5/15/44 | 19689209 |
| 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 8/15/44 | 319501 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | |
|:---|:---|:---|
| **Face<br>Amount/Units†** | **Security** | **Value** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** |  |
| **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** |  |
| $1248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 8/15/44 | $1118788 |
| 1375000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 11/15/44 | 1033506 |
| 838000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 11/15/44 | 803040 |
| 1248000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 2/15/45 | 1215435 |
| 1627000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 5/15/45 | 1216310 |
| 168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 5/15/45 | 169260 |
| 245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 8/15/45 | 178706 |
| 1412500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 11/15/45 | 1049830 |
| 370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 2/15/46 | 250111 |
| 1110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 11/15/46 | 797813 |
| 4319000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 2/15/47 | 3166873 |
| 335000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 5/15/47 | 244943 |
| 880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 8/15/47 | 611772 |
| 260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 2/15/48 | 188444 |
| 1355000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 8/15/48 | 977188 |
| 2878000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 11/15/48 | 2221007 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 2/15/50 | 1142734 |
| 1520000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 5/15/50 | 708373 |
| 1645000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 8/15/50 | 787255 |
| 1245000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.625% due 11/15/50 | 637601 |
| 2003000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 2/15/51 | 1093591 |
| 4040000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 5/15/51 | 2494305 |
| 96000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 11/15/51 | 51898 |
| 2989000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 2/15/52 | 1776587 |
| 280000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 5/15/52 | 192002 |
| 1472000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 8/15/52 | 1035661 |
| 1214000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 11/15/52 | 1036642 |
| 4446000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 2/15/53 | 3543254 |
| 1220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 5/15/53 | 971330 |
| 904000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 8/15/53 | 788775 |
| 1049900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 11/15/53 | 1016557 |
| 1022000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/15/54 | 910718 |
| 1810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 5/15/54 | 1717874 |
| 2961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 8/15/54 | 2641420 |
| 3269000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/54 | 3044001 |
| 4581000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 2/15/55 | 4359108 |
|  | U.S. Treasury Notes: |  |
| 1759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 4/15/26 | 1752117 |
| 236000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.750% due 4/30/26 | 228828 |
| 1183000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 5/15/26 | 1177032 |
| 1324000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 7/15/26 | 1329534 |
| 1270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 9/15/26 | 1278731 |
| 1605000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 10/15/26 | 1617351 |
| 1064000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 11/15/26 | 1072770 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 1/15/27 | 2000039 |
| 4639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 2/15/27 | 4649691 |
| 770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 2/28/27 | 743095 |
| 294000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 3/15/27 | 295464 |
| 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 3/31/27 | 5848711 |
| 1070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 3/31/27 | 1068579 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/15/27 | 2019844 |
| 3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 4/30/27 | 2935078 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/15/27 | 2021055 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | |
|:---|:---|:---|
| **Face<br>Amount/Units†** | **Security** | **Value** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** |
| **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** |
| $710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.625% due 5/31/27 | $692444 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 6/15/27 | 2027539 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 7/15/27 | 1009297 |
| 765000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 7/31/27 | 746801 |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 8/15/27 | 4983105 |
| 2160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 8/31/27 | 2124352 |
| 860000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 9/15/27 | 850308 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 10/15/27 | 1998711 |
| 1343000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 10/31/27 | 1349925 |
| 1090000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 11/15/27 | 1095620 |
| 2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 11/30/27 | 2499072 |
| 1086000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 12/15/27 | 1089118 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 12/31/27 | 1999727 |
| 2287000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/15/28 | 2306877 |
| 2286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/15/28 | 2307029 |
| 1723000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 4/15/28 | 1716741 |
| 2132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 4/30/28 | 2109472 |
| 1521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 5/15/28 | 1515593 |
| 1900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 6/30/28 | 1756016 |
| 581000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 10/31/28 | 598759 |
| 235000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 11/30/28 | 216645 |
| 6000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 11/30/28 | 6090 |
| 2815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 12/31/28 | 2799825 |
| 6374000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 1/31/29 | 6390433 |
| 955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/28/29 | 965688 |
| 415000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 3/31/29 | 392232 |
| 6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/31/29 | 6041602 |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 4/30/29 | 5123730 |
| 5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/31/29 | 5102539 |
| 4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 6/30/29 | 4045469 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/31/29 | 1002051 |
| 930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 8/31/29 | 900138 |
| 1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 8/31/29 | 1777008 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 9/30/29 | 1964102 |
| 285000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 9/30/29 | 284048 |
| 930000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 10/31/29 | 931453 |
| 2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 10/31/29 | 2012852 |
| 2597000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 11/30/29 | 2587109 |
| 706000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 11/30/29 | 710868 |
| 1617000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 12/31/29 | 1644034 |
| 614000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/31/30 | 621135 |
| 1553000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 2/28/30 | 1555184 |
| 3431000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 3/31/30 | 3376452 |
| 6868000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/31/30 | 6874439 |
| 12670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 4/30/30 | 12610609 |
| 1556000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 5/31/30 | 1538556 |
| 1847000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 5/31/30 | 1848804 |
| 1546600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 10/31/30 | 1608675 |
| 1512000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 11/30/30 | 1535979 |
| 1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 12/31/30 | 984629 |
| 1668000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 1/31/31 | 1662494 |
| 1560000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 2/15/31 | 1331484 |
| 1345000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/28/31 | 1357189 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** | **U.S. GOVERNMENT AGENCIES & OBLIGATIONS - 19.4% - (continued)** |
| **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 19.1% - (continued)** |
| $640000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 3/31/31 | $641263 |
| 1000000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 5/31/31 | 1027539 |
| 800000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 6/30/31 | 805969 |
| 1000000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 7/31/31 | 1000293 |
| 800000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 9/30/31 | 777266 |
| 1000000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 10/31/31 | 998770 |
| 1000000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 11/30/31 | 998281 |
| 4755000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 1/31/32 | 4810630 |
| 1260000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 4/30/32 | 1246219 |
| 1178000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 5/15/32 | 1085048 |
| 10050000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 5/31/32 | 10011527 |
| 4270000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 8/15/32 | 3885200 |
| 1473000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 11/15/32 | 1464714 |
| 1470000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 5/15/33 | 1381685 |
| 1447000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/15/33 | 1405455 |
| 2694000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/33 | 2730095 |
| 4275000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 2/15/34 | 4169461 |
| 2193000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 5/15/34 | 2195313 |
| 1155000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/15/34 | 1110672 |
| 18313500 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 11/15/34 | 18100320 |
| 5150000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 2/15/35 | 5237309 |
| 7955000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 5/15/35 | 7849969 |
|  |  | Total U.S. GOVERNMENT OBLIGATIONS | 310865194 |
|  |  | **TOTAL U.S. GOVERNMENT AGENCIES & OBLIGATIONS**<br> (Cost - $332,432,923) | **315248394** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2%** |
| **Asset-Backed Securities - 6.1%** | **Asset-Backed Securities - 6.1%** | **Asset-Backed Securities - 6.1%** | **Asset-Backed Securities - 6.1%** |
| 615000 | Aa2(b) | Allegro CLO XIII Ltd., Series 2021-1A, Class B, 6.231%<br>(3-Month Term SOFR + 1.962%) due 7/20/34(a)(d) | 615876 |
|  |  | AMSR Trust: |  |
| 2000000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-SFR1, Class E, 3.471% due 1/19/39(a) | 1922914 |
| 2492569 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-SFR1, Class H, 6.040% due 1/19/39(a) | 2422393 |
| 1400000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-SFR1, Class E2, 3.655% due 6/17/42(a) | 1231987 |
| 1026000 | NR | Aqua Finance Issuer Trust, Series 2025-A, Class C, 5.810% due 12/19/50(a)(l) | 1028000 |
| 1549770 | A3(b) | Aqua Finance Trust, Series 2020-AA, Class C, 3.970% due 7/17/46(a) | 1501473 |
|  |  | Business Jet Securities LLC: |  |
| 725185 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 9.132% due 5/15/39(a) | 740551 |
| 2505028 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 7.974% due 9/15/39(a) | 2499128 |
| 241563 | NR | Cajun Global LLC, Series 2021-1, Class A2, 3.931% due 11/20/51(a) | 234422 |
| 3545000 | NR | CCAS LLC, Series 2024-1A, Class A, 7.124% due 6/16/31(a) | 3586501 |
| 1750000 | NR | Cherry Securitization Trust, Series 2025-1A, Class A, 6.130% due 11/15/32(a)(l) | 1765437 |
| 1357576 | NR | Crockett Partners Equipment Co. IIA LLC, Series 2024-1C, Class A,<br>6.050% due 1/20/31(a) | 1373829 |
| 3000000 | A- | CyrusOne Data Centers Issuer I LLC, Series 2024-1A, Class A2, 4.760% due 3/22/49(a) | 2903337 |
|  |  | FirstKey Homes Trust: |  |
| 805000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class E1, 2.389% due 8/17/38(a) | 773550 |
| 2000000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class E2, 2.489% due 8/17/38(a) | 1918664 |
| 2500000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class F1, 3.238% due 8/17/38(a) | 2414466 |
| 3980000 | BBB- | Five Guys Holdings Inc., Series 2023-1A, Class A2, 7.549% due 1/26/54(a) | 4102012 |
| 435000 | NR | Flexential Issuer, Series 2021-1A, Class A2, 3.250% due 11/27/51(a) | 416366 |
| 1165000 | A(i) | Frontier Issuer LLC, Series 2024-1, Class A2, 6.190% due 6/20/54(a) | 1196194 |
| 940000 | Aaa(b) | Greenwood Park CLO Ltd., Series 2018-1A, Class B, 5.918%<br>(3-Month Term SOFR + 1.662%) due 4/15/31(a)(d) | 941598 |
| 2779277 | AAA(i) | GS Mortgage-Backed Securities Trust, Series 2025-SL1, Class A1,<br>5.847% due 11/25/67(a)(d) | 2786933 |
| 647611 | AAA | HIN Timeshare Trust, Series 2020-A, Class A, 1.390% due 10/9/39(a) | 616068 |
| 2385844 | Baa1(b) | Home Partners of America Trust, Series 2022-1, Class D, 4.730% due 4/17/39(a) | 2343526 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** |
| **Asset-Backed Securities - 6.1% - (continued)** | **Asset-Backed Securities - 6.1% - (continued)** | **Asset-Backed Securities - 6.1% - (continued)** | **Asset-Backed Securities - 6.1% - (continued)** | **Asset-Backed Securities - 6.1% - (continued)** |
| $4260875 |  | BBB | Jack in the Box Funding LLC, Series 2019-1A, Class A23, 4.970% due 8/25/49(a) | $4088705 |
| 1000000 |  | Aaa(b) | LCM XIV LP, Series 14A, Class BR, 6.111%<br>(3-Month Term SOFR + 1.842%) due 7/20/31(a)(d) | 1001374 |
|  |  |  | Lendmark Funding Trust: |  |
| 1250000 |  | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class E, 8.470% due 2/21/34(a) | 1252533 |
| 1395000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class E, 8.910% due 9/20/34(a)(l) | 1418510 |
| 750000 |  | BB- | Mariner Finance Issuance Trust, Series 2025-AA, Class E, 8.640% due 5/20/38(a) | 759367 |
| 3375000 |  | A(i) | MetroNet Infrastructure Issuer LLC, Series 2024-1A, Class A2, 6.230% due 4/20/54(a) | 3445088 |
| 964475 |  | BBB(i) | MVW LLC, Series 2025-1A, Class C, 5.750% due 9/22/42(a) | 971475 |
| 2323325 |  | NR | NBC Funding LLC, Series 2024-1A, Class A2, 6.750% due 7/30/54(a) | 2357289 |
| 1270000 |  | BBB+ | New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class B1,<br>2.410% due 10/20/61(a) | 1157860 |
| 1675000 |  | BBB | Oak Street Investment Grade Net Lease Fund, Series 2020-1A, Class B1,<br>5.110% due 11/20/50(a) | 1626010 |
|  |  |  | Oportun Issuance Trust: |  |
| 1245735 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C, Class A, 2.180% due 10/8/31(a) | 1214931 |
| 1841000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A, Class D, 7.250% due 2/8/33(a) | 1814835 |
|  |  |  | Progress Residential Trust: |  |
| 1750000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SFR9, Class F, 4.053% due 11/17/40(a) | 1662813 |
| 2500000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-SFR1, Class F, 4.880% due 2/17/41(a) | 2317042 |
| 2081000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-SFR2, Class E2, 4.800% due 4/17/27(a) | 2014612 |
| 1781000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-SFR2, Class E1, 4.750% due 10/17/40(a) | 1716010 |
| 2992500 |  | NR | Qdoba Funding LLC, Series 2023-1A, Class A2, 8.500% due 9/14/53(a) | 3120475 |
|  |  |  | Saluda Grade Alternative Mortgage Trust: |  |
| 1262108 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-FIG3, Class A, 7.067% due 8/25/53(a)(d) | 1300392 |
| 3137250 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-FIG4, Class A, 6.718% due 11/25/53(a)(d) | 3241565 |
| 830000 |  | Aaa(b) | SCF Equipment Trust LLC, Series 2025-1A, Class A3, 5.110% due 11/21/33(a) | 841078 |
| 5327999 |  | NR | Seasoned Loans Structured Transaction Trust, Series 2025-1, Class A1,<br>3.000% due 5/25/35 | 4826146 |
| 4174538 |  | BBB- | SEB Funding LLC, Series 2021-1A, Class A2, 4.969% due 1/30/52(a) | 4090065 |
| 1339499 |  | NR | Service Experts Issuer LLC, Series 2024-1A, Class A, 6.390% due 11/20/35(a) | 1358842 |
| 1308438 |  | BBB- | SERVPRO Master Issuer LLC, Series 2024-1A, Class A2, 6.174% due 1/25/54(a) | 1333136 |
| 1362877 |  | Ba2(b) | Sierra Timeshare Receivables Funding LLC, Series 2023-1A, Class D,<br>9.800% due 1/20/40(a) | 1404532 |
| 3500000 |  | A- | Stack Infrastructure Issuer LLC, Series 2024-1A, Class A2, 5.900% due 3/25/49(a) | 3540760 |
| 1000000 |  | NR | Stream Innovations Issuer Trust, Series 2025-1A, Class D, 8.400% due 9/15/45(a)(l) | 999902 |
| 1760000 |  | A2(b) | Upstart Securitization Trust, Series 2025-1, Class A, 5.450% due 4/20/35(a) | 1752024 |
| 2969313 |  | NR | Zaxbys Funding LLC, Series 2021-1A, Class A2, 3.238% due 7/30/51(a) | 2719880 |
|  |  |  | Total Asset-Backed Securities | 98682476 |
| **Consumer Cyclical - 0.0%@** | **Consumer Cyclical - 0.0%@** | **Consumer Cyclical - 0.0%@** | **Consumer Cyclical - 0.0%@** |  |
| 450000 | <sup>EUR</sup> | B+ | Cirsa Finance International Sarl, 10.375% due 11/30/27(a) | 540115 |
| **Mortgage Securities - 7.1%** | **Mortgage Securities - 7.1%** | **Mortgage Securities - 7.1%** | **Mortgage Securities - 7.1%** | **Mortgage Securities - 7.1%** |
| 2029234 |  | AAA | A&D Mortgage Trust, Series 2024-NQM4, Class A1, 5.464% due 8/25/69(a) | 2028399 |
| 1750000 |  | NR | ABL, Series 2024-RTL1, Class A1, step bond to yield, 6.075% due 9/25/29(a) | 1751802 |
|  |  |  | BAMLL Re-REMIC Trust: |  |
| 2000000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-FRR2, Class C, 1.232% due 7/27/50(a)(d) | 1811584 |
| 2000000 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-FRR3, Class C, 0.647% due 1/27/50(a)(d) | 1814639 |
| 12116 |  | AA+ | Banc of America Mortgage Trust, Series 2004-F, Class 1A1, 6.592% due 7/25/34(d) | 11643 |
|  |  |  | BBCMS Mortgage Trust: |  |
| 280000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C16, Class A5, 4.600% due 6/15/55(d) | 273125 |
| 590000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-C19, Class A2B, 5.753% due 4/15/56 | 598502 |
| 250000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C28, Class A5, 5.403% due 9/15/57 | 253132 |
| 2000000 |  | NR | BMD2 Re-Remic Trust, Series 2019-FRR1, Class 5A1, 3.441% due 5/25/52(a)(d) | 1856671 |
|  |  |  | BMO Mortgage Trust: |  |
| 280000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C1, Class A5, 3.374% due 2/15/55(d) | 252684 |
| 100000 |  | A-(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-5C6, Class C, 5.885% due 9/15/57(d) | 98750 |
| 650000 |  | NR | Brean Asset Backed Securities Trust, Series 2025-RM11, Class A1,<br>4.750% due 5/25/65(a)(d)(l) | 624762 |
| 1215000 |  | BBB-(i) | BX Mortgage Trust, Series 2021-PAC, Class D, 5.742%<br>(1-Month Term SOFR + 1.413%) due 10/15/36(a)(d) | 1205183 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** |  |
| **Mortgage Securities - 7.1% - (continued)** | **Mortgage Securities - 7.1% - (continued)** | **Mortgage Securities - 7.1% - (continued)** |  |
|  |  | BX Trust: |  |
| $901000 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-VAMF, Class A, 5.179% (1-Month Term SOFR + 0.850%) due 1/15/39(a)(d) | $899651 |
| 969000 | A3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-BIO, Class C, 6.969% (1-Month Term SOFR + 2.640%) due 2/15/41(a)(d) | 963938 |
| 1200000 | NR | CAFL Issuer LP, Series 2025-RRTL1, Class A1, step bond to yield, 5.684% due 5/28/40(a)(l) | 1202988 |
|  |  | CIM Trust: |  |
| 666734 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-R4, Class A1, 3.000% due 10/25/59(a)(d) | 616979 |
| 372521 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-R6, Class A1A, 2.250% due 12/25/60(a)(d) | 338632 |
| 1374979 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R1, Class A2, 2.400% due 8/25/56(a)(d) | 1244509 |
| 680249 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R3, Class A1A, 1.951% due 6/25/57(a)(d) | 625876 |
| 864137 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R4, Class A1A, 2.000% due 5/1/61(a)(d) | 789946 |
| 1702438 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R5, Class A1, 2.000% due 8/25/61(a)(d) | 1449827 |
| 1935208 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R1, Class A1A, 5.400% due 4/25/62(a)(d) | 1911939 |
| 1682612 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R3, Class A1A, 4.500% due 1/25/63(a)(d) | 1683222 |
|  |  | Citigroup Commercial Mortgage Trust: |  |
| 285000 | Aa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C2, Class B, 3.176% due 8/10/49 | 276497 |
| 578328 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C3, Class A3, 2.896% due 11/15/49 | 564142 |
| 108496 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-P7, Class AAB, 3.509% due 4/14/50 | 107528 |
| 713326 | AAA(i) | COLT Mortgage Loan Trust, Series 2021-2, Class A1, 0.924% due 8/25/66(a)(d) | 595719 |
|  |  | Commercial Mortgage Trust: |  |
| 46 | PIF(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2014-CR21, Class C, 4.697% due 12/10/47(d)(l) | 45 |
| 165000 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-COR3, Class A3, 4.228% due 5/10/51 | 160457 |
| 861601 | Aa2(b) | Connecticut Avenue Securities Trust, Series 2025-R03, Class 2A1, 5.772%<br>(30-Day Average SOFR + 1.450%) due 3/25/45(a)(d) | 868135 |
| 310000 | Aaa(b) | CSAIL Commercial Mortgage Trust, Series 2018-CX12, Class A4, 4.224% due 8/15/51(d) | 301789 |
| 2025000 | NR | DBSG Mortgage Trust, Series 2024-ALTA, Class A, 5.946% due 6/10/37(a)(d) | 2055962 |
| 1750000 | AAA(i) | DOLP Trust, Series 2021-NYC, Class A, 2.956% due 5/10/41(a) | 1534635 |
| 1410752 | BBB+ | Federal Home Loan Mortgage Corp. (FHLMC), Structured Agency Credit Risk,<br>Series 2021-DNA6, Class M2, 5.822%<br>(30-Day Average SOFR + 1.500%) due 10/25/41(a)(d) | 1417141 |
|  |  | Federal National Mortgage Association (FNMA), ACES: |  |
| 245000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-M2S, Class A2, 1.807% due 10/25/31(d) | 209687 |
| 265000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-M10, Class A2, 1.928% due 1/25/32(d) | 226282 |
| 2035000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-M2, Class 3A2, 1.979% due 4/25/32(d) | 1732282 |
|  |  | Federal National Mortgage Association (FNMA), REMICS: |  |
| 5947 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-57, Class QA, 3.500% due 5/25/46 | 5923 |
| 4006643 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-57, Class NI, 2.500% due 8/25/50(n) | 676202 |
| 569479 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-73, Class KI, 3.000% due 10/25/50(n) | 103478 |
| 489781 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-61, Class KI, 2.500% due 4/25/49(n) | 74836 |
|  |  | FHLMC Multifamily Structured Pass-Through Certificates: |  |
| 2700000 | AA+(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K104, Class XAM, 1.379% due 1/25/30(d)(n) | 153077 |
| 440000 | AAA(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K144, Class A2, 2.450% due 4/25/32 | 386273 |
| 500000 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K146, Class A2, 2.920% due 6/25/32 | 451326 |
| 736000 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K148, Class A2, 3.500% due 7/25/32(d) | 688435 |
| 250000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K154, Class A2, 3.424% due 4/25/32 | 241199 |
| 320000 | AAA(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series K-152, Class A2, 3.780% due 11/25/32(d) | 303527 |
|  |  | Freddie Mac Multifamily Structured Credit Risk: |  |
| 2000000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-MN1, Class M2, 8.072% (30-Day Average SOFR + 3.750%) due 1/25/51(a)(d) | 2042111 |
| 2000000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-MN3, Class M2, 8.322% (30-Day Average SOFR + 4.000%) due 11/25/51(a)(d) | 2068596 |
| 2000000 | NR | GAM RE-REMIC Trust, Series 2022-FRR3, Class BK61, zero coupon due 11/27/49(a)(m) | 1808388 |
|  |  | Government National Mortgage Association (GNMA): |  |
| 66118 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-124, Class NW, 3.500% due 9/20/48 | 60179 |
| 3613413 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-119, Class JG, 1.500% due 6/20/51 | 3078229 |
| 1237827 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-53, Class SL, 3.843% (12.500% - 30-Day Average SOFR) due 4/20/53(j) | 1122816 |
| 6943401 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-51, Class GC, 3.500% due 7/20/48 | 6649941 |
|  |  | GS Mortgage Securities Corp. Trust: |  |
| 1980000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DM, Class A, 5.328% (1-Month Term SOFR + 0.999%) due 11/15/36(a)(d) | 1966198 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 13.2% - (continued)** |  |
| **Mortgage Securities - 7.1% - (continued)** | **Mortgage Securities - 7.1% - (continued)** | **Mortgage Securities - 7.1% - (continued)** | **Mortgage Securities - 7.1% - (continued)** |  |
| $1772000 |  | AA-(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-IP, Class B, 5.593% (1-Month Term SOFR + 1.264%) due 10/15/36(a)(d) | $1759763 |
| 40382 |  | WR(b) | Harborview Mortgage Loan Trust, Series 2004-5, Class 2A6, 5.073% due 6/19/34(d) | 38747 |
|  |  |  | JPMDB Commercial Mortgage Securities Trust: |  |
| 190000 |  | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C7, Class A5, 3.409% due 10/15/50 | 183296 |
| 130000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C8, Class B, 4.522% due 6/15/51 | 122238 |
| 1455386 |  | Aaa(b) | JPMorgan Mortgage Trust, Series 2021-13, Class A3, 2.500% due 4/25/52(a)(d) | 1166595 |
| 1200000 |  | NR | KREST Commercial Mortgage Securities Trust, Series 2021-CHIP, Class B,<br>2.861% due 11/5/44(a) | 884816 |
| 510000 |  | NR | Lhome Mortgage Trust, Series 2025-RTL2, Class A1, 5.612% due 4/25/40(a)(d)(l) | 510017 |
| 1700000 |  | NR | LHOME Mortgage Trust, Series 2025-RTL1, Class A1, step bond to yield,<br>5.652% due 1/25/40(a) | 1701293 |
| 745000 |  | Aaa(b) | MCR Mortgage Trust, Series 2024-HF1, Class A, 6.122%<br>(1-Month Term SOFR + 1.793%) due 12/15/41(a)(d) | 746333 |
| 2000000 |  | NR | MFA Trust, Series 2024-RTL3, Class A1, step bond to yield,<br>5.913% due 11/25/39(a) | 2003994 |
|  |  |  | Multifamily Connecticut Avenue Securities Trust: |  |
| 3031379 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2019-01, Class M10, 7.686% (30-Day Average SOFR + 3.364%) due 10/25/49(a)(d) | 3055425 |
| 1843013 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-01, Class M10, 8.186% (30-Day Average SOFR + 3.864%) due 3/25/50(a)(d) | 1874723 |
| 2199375 |  | NR | Neighborly Issuer, Series 2023-1A, Class A2, 7.308% due 1/30/53(a) | 2227725 |
| 2388730 |  | NR | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A, step bond to yield,<br>6.545% due 3/25/32(a) | 2368497 |
| 2209501 |  | AAA(i) | OBX Trust, Series 2021-NQM4, Class A1, 1.957% due 10/25/61(a)(d) | 1864059 |
| 2000000 |  | Aaa(b) | One Bryant Park Trust, Series 2019-OBP, Class A, 2.516% due 9/15/54(a) | 1800068 |
| 3234000 |  | AA | One New York Plaza Trust, Series 2020-1NYP, Class A, 5.393%<br>(1-Month Term SOFR + 1.064%) due 1/15/36(a)(d) | 3141666 |
|  |  |  | PRET LLC: |  |
| 1131392 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-RN2, Class A1, step bond to yield, 5.000% due 6/25/52(a) | 1132523 |
| 2484220 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NPL3, Class A1, step bond to yield, 6.708% due 4/25/55(a)(l) | 2507843 |
| 528703 |  | AAA | PRKCM Trust, Series 2023-AFC1, Class A1, step bond to yield,<br>6.598% due 2/25/58(a) | 529862 |
| 740585 |  | AAA(i) | PRPM LLC, Series 2022-NQM1, Class A1, step bond to yield,<br>5.500% due 8/25/67(a) | 739777 |
| 1220620 |  | AAA(i) | RCKT Mortgage Trust, Series 2024-CES9, Class A1A, step bond to yield,<br>5.582% due 12/25/44(a) | 1224947 |
| 1974045 |  | NR | RCO IX Mortgage LLC, Series 2025-2, Class A1, step bond to yield,<br>6.513% due 4/25/30(a)(l) | 1978021 |
| 2547468 |  | NR | RFM Reremic Trust, Series 2022-FRR1, Class BK64, 1.671% due 3/1/50(a)(d) | 2342052 |
|  |  |  | ROCK Trust: |  |
| 210000 |  | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class A, 5.388% due 11/13/41(a) | 212701 |
| 1900000 |  | Aa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class B, 5.930% due 11/13/41(a) | 1938797 |
| 3579789 |  | NR | Saluda Grade Alternative Mortgage Trust, Series 2024-CES1, Class A1,<br>6.306% due 3/25/54(a)(d) | 3606736 |
| 3445000 |  | AA- | SDAL Trust, Series 2025-DAL, Class B, 7.269%<br>(1-Month Term SOFR + 2.941%) due 4/15/42(a)(d) | 3474976 |
| 3715000 |  | Aaa(b) | SHR Trust, Series 2024-LXRY, Class A, 6.279%<br>(1-Month Term SOFR + 1.950%) due 10/15/41(a)(d) | 3726511 |
| 910000 |  | AAA(i) | SLG Office Trust, Series 2021-OVA, Class A, 2.585% due 7/15/41(a) | 787822 |
| 25566 |  | WR(b) | Structured Asset Mortgage Investments II Trust, Series 2005-AR5, Class A3, 4.941% (1-Month Term SOFR + 0.614%) due 7/19/35(d) | 24988 |
| 2000000 |  | NR | Toorak Mortgage Trust, Series 2025-RRTL1, Class A1, step bond to yield,<br>5.524% due 2/25/40(a) | 1991013 |
| 469980 |  | Aaa(b) | UBS Commercial Mortgage Trust, Series 2019-C17, Class A3, 2.669% due 10/15/52 | 431799 |
| 2282603 |  | NR | VCAT LLC, Series 2025-NPL2, Class A1, step bond to yield,<br>5.977% due 1/25/55(a) | 2275663 |
| 674633 |  | NR | Velocity Commercial Capital Loan Trust, Series 2019-1, Class A,<br>3.760% due 3/25/49(a)(d) | 643125 |
|  |  |  | Verus Securitization Trust: |  |
| 619008 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-5, Class A1, 1.013% due 9/25/66(a)(d) | 529010 |
| 2251335 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, step bond to yield, 1.829% due 10/25/66(a) | 2014037 |
| 447421 |  | A+ | WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR19, Class A1B3, 5.139% (1-Month Term SOFR + 0.814%) due 12/25/45(d) | 447319 |
|  |  |  | Wells Fargo Commercial Mortgage Trust: |  |
| 53927 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-BNK1, Class ASB, 2.514% due 8/15/49 | 53601 |
| 367278 |  | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C33, Class A3, 3.162% due 3/15/59 | 363126 |
| 250000 |  | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C44, Class A4, 3.948% due 5/15/51 | 244876 |
|  |  |  | Total Mortgage Securities | 114909798 |
|  |  |  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $213,598,572) | **214132389** |
| **SOVEREIGN BONDS - 2.5%** | **SOVEREIGN BONDS - 2.5%** | **SOVEREIGN BONDS - 2.5%** | **SOVEREIGN BONDS - 2.5%** |  |
| **Brazil - 0.3%** | **Brazil - 0.3%** | **Brazil - 0.3%** | **Brazil - 0.3%** |  |
| 31000000 | <sup>BRL</sup> | BB | Brazil Notas do Tesouro Nacional Serie F, 10.000% due 1/1/27 | 5349794 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** |  |
| **Canada - 0.1%** | **Canada - 0.1%** | **Canada - 0.1%** | **Canada - 0.1%** |  |
|  |  |  | Province of British Columbia Canada: |  |
| $50000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 7/6/33 | $48496 |
| 400000 |  | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 6/12/34 | 400614 |
|  |  |  | Province of Ontario Canada: |  |
| 200000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100% due 5/19/27 | 196370 |
| 50000 |  | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.050% due 4/24/34 | 51265 |
|  |  |  | Total Canada | 696745 |
| **Chile - 0.1%** | **Chile - 0.1%** | **Chile - 0.1%** | **Chile - 0.1%** |  |
|  |  |  | Chile Government International Bonds: |  |
| 200000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 1/31/27 | 194670 |
| 200000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.240% due 2/6/28 | 193775 |
| 45000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 1/27/32 | 39096 |
| 200000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 1/25/50 | 139460 |
|  |  |  | Total Chile | 567001 |
| **Colombia - 0.2%** | **Colombia - 0.2%** | **Colombia - 0.2%** | **Colombia - 0.2%** |  |
|  |  |  | Colombia Government International Bonds: |  |
| 200000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% due 4/20/33 | 205352 |
| 375000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% due 11/14/35 | 375829 |
| 930000 |  | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 2/22/42 | 582412 |
| 8800000000 | <sup>COP</sup> | BBB- | Colombian TES, 7.750% due 9/18/30 | 1833700 |
|  |  |  | Total Colombia | 2997293 |
| **Dominican Republic - 0.0%@** | **Dominican Republic - 0.0%@** | **Dominican Republic - 0.0%@** | **Dominican Republic - 0.0%@** |  |
|  |  |  | Dominican Republic International Bonds: |  |
| 185000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.050% due 2/3/31(a) | 192252 |
| 300000 |  | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950% due 3/15/37(a) | 301320 |
|  |  |  | Total Dominican Republic | 493572 |
| **Egypt - 0.0%@** | **Egypt - 0.0%@** | **Egypt - 0.0%@** | **Egypt - 0.0%@** |  |
|  |  |  | Egypt Government International Bonds: |  |
| 200000 |  | B- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.600% due 3/1/29 | 196481 |
| 200000 |  | B- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625% due 5/29/32 | 180409 |
|  |  |  | Total Egypt | 376890 |
| **El Salvador - 0.0%@** | **El Salvador - 0.0%@** | **El Salvador - 0.0%@** | **El Salvador - 0.0%@** |  |
| 150000 |  | B- | El Salvador Government International Bonds, 9.650% due 11/21/54(a) | 149832 |
| **Guatemala - 0.0%@** | **Guatemala - 0.0%@** | **Guatemala - 0.0%@** | **Guatemala - 0.0%@** |  |
| 200000 |  | BB+ | Guatemala Government Bonds, 6.050% due 8/6/31 | 200584 |
| **Hungary - 0.0%@** | **Hungary - 0.0%@** | **Hungary - 0.0%@** | **Hungary - 0.0%@** |  |
| 200000 |  | BBB- | Hungary Government International Bonds, (Cost - $198,178, acquired 12/6/21),<br>2.125% due 9/22/31(c) | 164441 |
| **Indonesia - 0.2%** | **Indonesia - 0.2%** | **Indonesia - 0.2%** | **Indonesia - 0.2%** |  |
|  |  |  | Indonesia Government International Bonds: |  |
| 80000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 4/24/28 | 79765 |
| 445000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.850% due 2/14/30 | 412479 |
| 120000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.150% due 7/28/31 | 103140 |
| 200000 |  | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.050% due 3/12/51 | 128811 |
| 29000000000 | <sup>IDR</sup> | NR | Indonesia Treasury Bonds, 6.875% due 4/15/29 | 1804845 |
|  |  |  | Total Indonesia | 2529040 |
| **Israel - 0.1%** | **Israel - 0.1%** | **Israel - 0.1%** | **Israel - 0.1%** |  |
|  |  |  | Israel Government International Bonds: |  |
| 200000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 2/19/30 | 201717 |
| 400000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 7/3/30 | 356298 |
| 1735000 |  | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/12/54 | 1541538 |
|  |  |  | Total Israel | 2099553 |
| **Italy - 0.0%@** | **Italy - 0.0%@** | **Italy - 0.0%@** | **Italy - 0.0%@** |  |
| 200000 |  | Baa3u(b) | Republic of Italy Government International Bonds, 3.875% due 5/6/51 | 137290 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** |  |
| **Ivory Coast - 0.1%** | **Ivory Coast - 0.1%** | **Ivory Coast - 0.1%** |  |
|  |  | Ivory Coast Government International Bonds: |  |
| $200000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.075% due 4/1/36(a) | $189393 |
| 500000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250% due 1/30/37(a) | 473984 |
|  |  | Total Ivory Coast | 663377 |
| **Japan - 0.0%@** | **Japan - 0.0%@** | **Japan - 0.0%@** |  |
| 200000 | A+ | Japan Bank for International Cooperation, 1.875% due 7/21/26 | 194808 |
| **Jordan - 0.0%@** | **Jordan - 0.0%@** | **Jordan - 0.0%@** |  |
| 200000 | BB- | Jordan Government International Bonds, 7.375% due 10/10/47 | 172743 |
| **Kenya - 0.0%@** | **Kenya - 0.0%@** | **Kenya - 0.0%@** |  |
| 200000 | B- | Kenya Government International Bonds, 9.750% due 2/16/31(a) | 199950 |
| **Mexico - 0.3%** | **Mexico - 0.3%** | **Mexico - 0.3%** |  |
|  |  | Mexico Government International Bonds: |  |
| 323000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 1/11/28 | 315732 |
| 272000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/22/29 | 266057 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 4/16/30 | 182020 |
| 764000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.659% due 5/24/31 | 650088 |
| 960000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 2/12/34 | 791040 |
| 1700000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.350% due 2/9/35 | 1700595 |
| 310000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/8/44 | 234755 |
| 225000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 2/10/48 | 160363 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.338% due 5/4/53 | 176080 |
|  |  | Total Mexico | 4476730 |
| **Nigeria - 0.0%@** | **Nigeria - 0.0%@** | **Nigeria - 0.0%@** |  |
| 260000 | B- | Nigeria Government International Bonds, 7.143% due 2/23/30(a) | 239576 |
| **Oman - 0.0%@** | **Oman - 0.0%@** | **Oman - 0.0%@** |  |
|  |  | Oman Government International Bonds: |  |
| 200000 | Ba1(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost - $210,132, acquired 12/6/21), 5.625% due 1/17/28(c) | 202392 |
| 200000 | Ba1(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 1/25/51(a) | 206368 |
|  |  | Total Oman | 408760 |
| **Panama - 0.2%** | **Panama - 0.2%** | **Panama - 0.2%** |  |
|  |  | Panama Government International Bonds: |  |
| 210000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 3/17/28 | 201117 |
| 500000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.160% due 1/23/30 | 440225 |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.252% due 9/29/32 | 147650 |
| 350000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.298% due 1/19/33 | 275888 |
| 750000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400% due 2/14/35 | 709125 |
| 530000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/15/47 | 348501 |
| 10000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/1/56 | 6140 |
| 2565000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 1/19/63 | 1552543 |
|  |  | Total Panama | 3681189 |
| **Paraguay - 0.0%@** | **Paraguay - 0.0%@** | **Paraguay - 0.0%@** |  |
| 200000 | BB+ | Paraguay Government International Bonds, 5.400% due 3/30/50 | 168750 |
| **Peru - 0.1%** | **Peru - 0.1%** | **Peru - 0.1%** |  |
|  |  | Peruvian Government International Bonds: |  |
| 650000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.783% due 1/23/31 | 574600 |
| 100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 1/15/34 | 83545 |
| 70000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.550% due 3/14/37 | 74363 |
| 290000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 11/18/50 | 270367 |
| 50000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 3/10/51 | 33638 |
| 190000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.780% due 12/1/60 | 99702 |
|  |  | Total Peru | 1136215 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** | **SOVEREIGN BONDS - 2.5% - (continued)** |  |
| **Philippines - 0.1%** | **Philippines - 0.1%** | **Philippines - 0.1%** | **Philippines - 0.1%** |  |
|  |  |  | Philippine Government International Bonds: |  |
| $360000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.648% due 6/10/31 | $303718 |
| 550000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.950% due 1/6/32 | 463072 |
|  |  |  | Total Philippines | 766790 |
| **Poland - 0.0%@** | **Poland - 0.0%@** | **Poland - 0.0%@** | **Poland - 0.0%@** |  |
|  |  |  | Republic of Poland Government International Bonds: |  |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 11/16/27 | 51566 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 10/4/33 | 98131 |
| 50000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 4/4/53 | 45582 |
| 100000 |  | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/18/54 | 90855 |
|  |  |  | Total Poland | 286134 |
| **Senegal - 0.0%@** | **Senegal - 0.0%@** | **Senegal - 0.0%@** | **Senegal - 0.0%@** |  |
| 200000 |  | B | Senegal Government International Bonds, 7.750% due 6/10/31 | 161750 |
| **South Africa - 0.1%** | **South Africa - 0.1%** | **South Africa - 0.1%** | **South Africa - 0.1%** |  |
| 200000 |  | BB- | Republic of South Africa Government International Bonds, 7.100% due 11/19/36(a) | 193888 |
| 32010000 | <sup>ZAR</sup> | BB | South Africa Government Bonds, 8.000% due 1/31/30 | 1735354 |
|  |  |  | Total South Africa | 1929242 |
| **South Korea - 0.0%@** | **South Korea - 0.0%@** | **South Korea - 0.0%@** | **South Korea - 0.0%@** |  |
|  |  |  | Export-Import Bank of Korea: |  |
| 200000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 12/29/26 | 190131 |
| 200000 |  | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 1/14/35 | 205483 |
|  |  |  | Total South Korea | 395614 |
| **Supranational - 0.1%** | **Supranational - 0.1%** | **Supranational - 0.1%** | **Supranational - 0.1%** |  |
|  |  |  | International Bank for Reconstruction & Development: |  |
| 100000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125% due 6/15/27 | 98374 |
| 100000 |  | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 11/22/27 | 96669 |
| 200000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 4/20/28 | 185878 |
| 150000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 7/12/28 | 148088 |
| 100000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 9/21/29 | 98567 |
| 100000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/25/30 | 99813 |
| 100000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/10/31 | 101965 |
| 300000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 1/15/32 | 307069 |
| 500000 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 8/28/34 | 478982 |
|  |  |  | Total Supranational | 1615405 |
| **Turkey - 0.0%@** | **Turkey - 0.0%@** | **Turkey - 0.0%@** | **Turkey - 0.0%@** |  |
| 200000 |  | B1(b) | Istanbul Metropolitan Municipality, 10.500% due 12/6/28(a) | 213878 |
| **United Kingdom - 0.5%** | **United Kingdom - 0.5%** | **United Kingdom - 0.5%** | **United Kingdom - 0.5%** |  |
|  |  |  | United Kingdom Gilt: |  |
| 3200000 | <sup>GBP</sup> | Aa3u(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost - $4,061,940, acquired 12/3/24), 4.125% due 7/22/29(c) | 4318089 |
| 3205000 | <sup>GBP</sup> | AA-u(i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost - $3,902,315, acquired 3/6/24), 3.250% due 1/31/33(c) | 3989621 |
|  |  |  | Total United Kingdom | 8307710 |
| **Uruguay - 0.0%@** | **Uruguay - 0.0%@** | **Uruguay - 0.0%@** | **Uruguay - 0.0%@** |  |
|  |  |  | Uruguay Government International Bonds: |  |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 10/28/34 | 104250 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.442% due 2/14/37 | 50259 |
| 100000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.100% due 6/18/50 | 89993 |
| 50000 |  | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.975% due 4/20/55 | 43123 |
|  |  |  | Total Uruguay | 287625 |
|  |  |  | **TOTAL SOVEREIGN BONDS**<br> (Cost - $41,566,864) | **41068281** |
| **ASSET-BACKED SECURITIES - 1.8%** | **ASSET-BACKED SECURITIES - 1.8%** | **ASSET-BACKED SECURITIES - 1.8%** | **ASSET-BACKED SECURITIES - 1.8%** |  |
| **Automobiles - 1.5%** | **Automobiles - 1.5%** | **Automobiles - 1.5%** | **Automobiles - 1.5%** |  |
| 1235000 |  | BBB | American Credit Acceptance Receivables Trust, Series 2025-2, Class D,<br>5.500% due 7/14/31(a) | 1236792 |
| 759000 |  | BBB(i) | AutoNation Finance Trust, Series 2025-1A, Class D, 5.630% due 9/10/32(a) | 762978 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** | **Value** |
| **ASSET-BACKED SECURITIES - 1.8% - (continued)** | **ASSET-BACKED SECURITIES - 1.8% - (continued)** | **ASSET-BACKED SECURITIES - 1.8% - (continued)** |  |  |
| **Automobiles - 1.5% - (continued)** | **Automobiles - 1.5% - (continued)** | **Automobiles - 1.5% - (continued)** |  |  |
|  |  | Avis Budget Rental Car Funding AESOP LLC: |  |  |
| $4000000 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, 5.230% due 12/20/30(a) | $| 4067890 |
| 440000 | Baa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class C, 6.110% due 12/20/30(a) |  | 442134 |
| 1600000 | Baa3(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.870% due 8/20/29(a) |  | 1605022 |
| 1080000 | BBB | Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class D, 5.620% due 3/17/31 |  | 1083884 |
|  |  | Carmax Auto Owner Trust: |  |  |
| 870000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class A4, 4.650% due 11/15/30 |  | 866137 |
| 570000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class C, 5.160% due 1/15/31 |  | 568670 |
| 1850000 | BBB | Consumer Portfolio Services Auto Trust, Series 2025-B, Class D, 5.560% due 7/15/31(a) |  | 1866535 |
| 1000000 | Baa3(b) | Drive Auto Receivables Trust, Series 2025-1, Class D, 5.410% due 9/15/32 |  | 1004556 |
| 1440000 | AAA | Enterprise Fleet Financing LLC, Series 2025-2, Class A4, 4.580% due 12/22/31(a) |  | 1444451 |
|  |  | Exeter Select Automobile Receivables Trust: |  |  |
| 1500000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class B, 4.870% due 8/15/31 |  | 1503122 |
| 1200000 | A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1, Class C, 5.400% due 8/15/31 |  | 1211038 |
| 583000 | AAA | Ford Credit Floorplan Master Owner Trust A, Series 2018-4, Class A,<br>4.060% due 11/15/30 |  | 576288 |
| 1800000 | BBB | GLS Auto Receivables Issuer Trust, Series 2025-2A, Class D, 5.590% due 1/15/31(a) |  | 1816673 |
| 270000 | Aaa(b) | Hertz Vehicle Financing III LLC, Series 2023-4A, Class A, 6.150% due 3/25/30(a) |  | 279782 |
| 354000 | AAA | Hyundai Auto Receivables Trust, Series 2023-C, Class A3, 5.540% due 10/16/28 |  | 358170 |
| 933000 | AA | Octane Receivables Trust, Series 2024-1A, Class B, 5.660% due 5/20/30(a) |  | 941545 |
| 2000000 | Baa2(b) | Santander Drive Auto Receivables Trust, Series 2024-2, Class D, 6.280% due 8/15/31 |  | 2054024 |
| 505000 | BBB+ | Westlake Automobile Receivables Trust, Series 2023-2A, Class D, 7.010% due 11/15/28(a) |  | 516251 |
|  |  | Total Automobiles |  | 24205942 |
| **Credit Cards - 0.2%** | **Credit Cards - 0.2%** | **Credit Cards - 0.2%** |  |  |
|  |  | American Express Credit Account Master Trust: |  |  |
| 118000 | Aaa(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-3, Class A, 3.750% due 8/15/27 |  | 117817 |
| 275000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A, 4.800% due 5/15/30 |  | 279287 |
| 462000 | AAA | Capital One Multi-Asset Execution Trust, Series 2022-A3, Class A, 4.950% due 10/15/27 |  | 462575 |
|  |  | Perimeter Master Notes Business Trust: |  |  |
| 1100000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 5.580% due 12/16/30(a) |  | 1102224 |
| 999000 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 6.120% due 12/16/30(a) |  | 1002361 |
|  |  | Total Credit Cards |  | 2964264 |
| **Student Loans - 0.1%** | **Student Loans - 0.1%** | **Student Loans - 0.1%** |  |  |
| 816647 | Aaa(b) | ECMC Group Student Loan Trust, Series 2017-2A, Class A, 5.486%<br>(30-Day Average SOFR + 1.164%) due 5/25/67(a)(d) |  | 812467 |
| 903232 | AA+ | Navient Student Loan Trust, Series 2017-3A, Class A3, 5.486%<br>(30-Day Average SOFR + 1.164%) due 7/26/66(a)(d) |  | 905229 |
| 520113 | AAA | Nelnet Student Loan Trust, Series 2006-1, Class A6, 5.040%<br>(3-Month Term SOFR + 0.712%) due 8/23/36(a)(d) |  | 516734 |
|  |  | Total Student Loans |  | 2234430 |
|  |  | **TOTAL ASSET-BACKED SECURITIES**<br> (Cost - $29,253,370) |  | **29404636** |
| **Shares/Units** |  |  |  |  |
| **OPEN END MUTUAL FUND SECURITIES - 0.3%** | **OPEN END MUTUAL FUND SECURITIES - 0.3%** | **OPEN END MUTUAL FUND SECURITIES - 0.3%** | **OPEN END MUTUAL FUND SECURITIES - 0.3%** | **OPEN END MUTUAL FUND SECURITIES - 0.3%** |
| **Financials - 0.3%** | **Financials - 0.3%** | **Financials - 0.3%** | **Financials - 0.3%** | **Financials - 0.3%** |
| **Capital Markets - 0.3%** | **Capital Markets - 0.3%** | **Capital Markets - 0.3%** | **Capital Markets - 0.3%** | **Capital Markets - 0.3%** |
| 64000 |  | iShares iBoxx $ High Yield Corporate Bond ETF |  | 5092480 |
| 7300 |  | SPDR Portfolio High Yield Bond ETF |  | 171550 |
|  |  | **TOTAL OPEN END MUTUAL FUND SECURITIES**<br> (Cost - $5,126,338) |  | **5264030** |
| **Face<br>Amount/Units†** |  |  |  |  |
| **SENIOR LOANS - 0.2%** | **SENIOR LOANS - 0.2%** | **SENIOR LOANS - 0.2%** |  |  |
| **Airlines - 0.0%@** | **Airlines - 0.0%@** | **Airlines - 0.0%@** |  |  |
| $50000 | NR | VistaJet Malta Finance PLC, 8.048%<br>(3-Month CME Term SOFR + 3.750%) due 4/1/31(d) |  | 50052 |
| **Building Materials - 0.0%@** | **Building Materials - 0.0%@** | **Building Materials - 0.0%@** |  |  |
| 370884 | NR | CP Atlas Buyer Inc., 8.177%<br>(1-Month CME Term SOFR + 3.750%) due 11/23/27(d) |  | 352868 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **SENIOR LOANS - 0.2% - (continued)** | **SENIOR LOANS - 0.2% - (continued)** | **SENIOR LOANS - 0.2% - (continued)** |  |
| **Healthcare - Services - 0.1%** | **Healthcare - Services - 0.1%** | **Healthcare - Services - 0.1%** |  |
|  |  | ModivCare Inc.: |  |
| $141195 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.708% (3-Month CME Term SOFR + 7.500%) due 1/12/26(d) | $109779 |
| 817929 | NR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.049% (3-Month CME Term SOFR + 4.750%) due 7/1/31(d) | 563234 |
|  |  | Total Healthcare - Services | 673013 |
| **Insurance - 0.1%** | **Insurance - 0.1%** | **Insurance - 0.1%** |  |
| 997906 | NR | Asurion LLC, 7.691% (1-Month CME Term SOFR + 3.250%) due 12/23/26(d) | 998251 |
| **Software - 0.0%@** | **Software - 0.0%@** | **Software - 0.0%@** |  |
| 371250 | NR | Rocket Software Inc., 8.577%<br>(1-Month CME Term SOFR + 4.250%) due 11/28/28(d) | 372228 |
| **Telecommunications - 0.0%@** | **Telecommunications - 0.0%@** | **Telecommunications - 0.0%@** |  |
| 530000 | NR | Lumen Technologies Inc. due 4/15/30(o) | 525511 |
|  |  | **TOTAL SENIOR LOANS**<br> (Cost - $3,251,802) | **2971923** |
| **MUNICIPAL BONDS - 0.1%** | **MUNICIPAL BONDS - 0.1%** | **MUNICIPAL BONDS - 0.1%** |  |
| **California - 0.1%** | **California - 0.1%** | **California - 0.1%** |  |
| 310000 | AA- | California Health Facilities Financing Authority, Revenue Bonds, 3.000% due 8/15/51 | 216926 |
| 100000 | AA- | California State University, Revenue Bonds, Series B, 5.183% due 11/1/53 | 91534 |
| 205000 | A | Los Angeles Department of Water & Power, Revenue Bonds, 6.574% due 7/1/45 | 212240 |
|  |  | State of California, GO: |  |
| 150000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 10/1/41 | 152095 |
| 100000 | AA- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600% due 4/1/38 | 101261 |
|  |  | University of California, Revenue Bonds: |  |
| 25000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AD, 4.858% due 5/15/12 | 20236 |
| 266000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series AQ, 4.767% due 5/15/15 | 211252 |
| 90000 | AA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series BF, 2.650% due 5/15/50 | 55288 |
|  |  | Total California | 1060832 |
| **Connecticut - 0.0%@** | **Connecticut - 0.0%@** | **Connecticut - 0.0%@** |  |
| 200000 | AA- | State of Connecticut, GO, 5.850% due 3/15/32 | 212409 |
| **Florida - 0.0%@** | **Florida - 0.0%@** | **Florida - 0.0%@** |  |
| 50000 | AA | State Board of Administration Finance Corp., Series A, Revenue Bonds,<br>5.526% due 7/1/34 | 50503 |
| **Illinois - 0.0%@** | **Illinois - 0.0%@** | **Illinois - 0.0%@** |  |
| 150000 | A+ | Chicago O'Hare International Airport, Revenue Bonds, Series C, 4.472% due 1/1/49 | 126933 |
| 235294 | A- | State of Illinois, GO, 5.100% due 6/1/33 | 234081 |
|  |  | Total Illinois | 361014 |
| **Minnesota - 0.0%@** | **Minnesota - 0.0%@** | **Minnesota - 0.0%@** |  |
| 260000 | AA | University of Minnesota, Revenue Bonds, 4.048% due 4/1/52 | 201856 |
| **New Jersey - 0.0%@** | **New Jersey - 0.0%@** | **New Jersey - 0.0%@** |  |
| 215000 | Aa3(b) | Jersey City Municipal Utilities Authority, Revenue Bonds, Series B, 5.470% due 5/15/27 | 216519 |
| 85000 | A- | New Jersey Transportation Trust Fund Authority, Revenue Bonds, Series B,<br>6.561% due 12/15/40 | 91015 |
|  |  | Total New Jersey | 307534 |
| **New York - 0.0%@** | **New York - 0.0%@** | **New York - 0.0%@** |  |
| 100000 | AA | City of New York, GO, 5.263% due 10/1/52 | 93131 |
| 150000 | AA- | Port Authority of New York & New Jersey, Revenue Bonds, Series 239,<br>5.072% due 7/15/53 | 137915 |
|  |  | Total New York | 231046 |
| **Texas - 0.0%@** | **Texas - 0.0%@** | **Texas - 0.0%@** |  |
| 40000 | AA- | Dallas Fort Worth International Airport, Revenue Bonds, Series A 3.144% due 11/1/45 | 29170 |
|  |  | **TOTAL MUNICIPAL BONDS**<br> (Cost - $2,774,366) | **2454364** |
| **Shares/Units** |  |  |  |
| **COMMON STOCK - 0.0%@** | **COMMON STOCK - 0.0%@** | **COMMON STOCK - 0.0%@** |  |
| **Telecommunications - 0.0%@** | **Telecommunications - 0.0%@** | **Telecommunications - 0.0%@** |  |
| 11289 |  | Intelsat SA\*(h) |  |
|  |  | (Cost - $848,528) | **467438** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $1,604,199,607) | **1565944391** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount/Units†** | | **Security** | **Value** |
| **SHORT-TERM INVESTMENTS - 7.7%** | **SHORT-TERM INVESTMENTS - 7.7%** | **SHORT-TERM INVESTMENTS - 7.7%** |  |
| **TIME DEPOSITS - 6.7%** | **TIME DEPOSITS - 6.7%** | **TIME DEPOSITS - 6.7%** |  |
| 497 | <sup>AUD</sup> | ANZ National Bank - Hong Kong, 2.570% due 6/2/25 | $320 |
|  |  | BBH - New York: |  |
| 1697 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 1927 |
| 15487 | <sup>ZAR</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 6/2/25 | 861 |
|  |  | Citibank - London: |  |
| 5037 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 5719 |
| 583 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.170% due 6/2/25 | 786 |
| $7309330 |  | Citibank - New York, 3.680% due 6/2/25 | 7309330 |
| 56149348 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 56149348 |
| 419 |  | Royal Bank of Canada - Toronto, 3.680% due 6/2/25 | 419 |
| 44681890 |  | Sumitomo Mitsui Banking Corp. - Tokyo, 3.680% due 6/2/25 | 44681890 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $108,150,600) | **108150600** |
| **U.S. GOVERNMENT OBLIGATION - 1.0%** | **U.S. GOVERNMENT OBLIGATION - 1.0%** | **U.S. GOVERNMENT OBLIGATION - 1.0%** | **U.S. GOVERNMENT OBLIGATION - 1.0%** |
| 16500000 |  | U.S. Treasury Bills, 4.237% due 7/10/25(p)<br> (Cost - $16,426,554) | **16426554** |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $124,577,154) | **124577154** |
|  |  | **TOTAL INVESTMENTS - 103.9%**<br> (Cost - $1,728,776,761) | **1690521545** |
|  |  | Liabilities in Excess of Other Assets - (3.9)% | (62702347) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**1627819198** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

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

\* Non-income producing security.

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $361,552,967 and represents 22.2% of net assets.

(b) Rating by Moody's Investors Service.

(c) The aggregate value of restricted securities (excluding 144A holdings) at May 31, 2025, amounts to $28,365,619
and represents 1.7% of net assets.

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

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

(f) When-issued security.

(g) Security is currently in default.

(h) Illiquid security.

(i) Rating by Fitch Ratings Service.

(j) Inverse Floating Rate Security - interest rate fluctuates with an inverse relationship to an associated
interest rate. Indicated rate is the effective rate as of May 31, 2025.

(k) This security is traded on a TBA basis (see Note 1).

(l) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

(m) Principal only security.

(n) Interest only security.

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

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

# Security that used significant unobservable inputs to determine fair value. At May 31, 2025, the Fund held Level 3 security with a value of $0, representing 0.0% of net assets. 

At May 31, 2025, for Core Fixed Income Fund the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income<br>Tax Purposes** | **Gross<br>Unrealized<br>Appreciation** | **Gross<br>Unrealized<br>(Depreciation)** | **Net<br>Unrealized<br>(Depreciation)** |
|  Core Fixed Income Fund | $1728776761 | $20620226 | $(59943560) | $(39323334) |

---

---

| | |
|:---|:---|
| **<u>Abbreviations used in this schedule:</u>** | **<u>Abbreviations used in this schedule:</u>** |
|  ACES | Alternative Credit Enhancement Securities |
|  CLO | Collateralized Loan Obligation |
|  CME | Chicago Mercantile Exchange |
|  CMT | Constant Maturity Treasury Rate |
|  DAC | Designated Activity Company |
|  EURIBOR | Euro Interbank Offered Rate |
|  ETF | Exchange-Traded Fund |
|  GO | General Obligation |
|  IBOR | Interbank Offered Rate |
|  ICE | Intercontinental Exchange |
|  LIBOR | London Interbank Offered Rate |
|  LLC | Limited Liability Company |
|  PLC | Public Limited Company |
|  REMICS | Real Estate Mortgage Investment Conduits |
|  SOFR | Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
|  Corporate Bonds & Notes | 28.6% |
|  Mortgage-Backed Securities | 27.9 |
|  U.S. Government Agencies & Obligations | 18.6 |
|  Collateralized Mortgage Obligations | 12.7 |
|  Sovereign Bonds | 2.4 |
|  Asset-Backed Securities | 1.7 |
|  Open End Mutual Fund Securities | 0.3 |
|  Senior Loans | 0.2 |
|  Municipal Bonds | 0.2 |
|  Common Stock | 0.0 \* |
|  Short-Term Investments | 7.4 |
|  Total Investments | 100.0% |

---

---

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

---

\* Position represents less than 0.05%. 

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 2-Year Note Futures | 713 | 9/25 | $147746291 | $147902938 | $156647 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 5-Year Note Futures | 592 | 9/25 | 63851797 | 64047000 | 195203 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 10-Year Note Futures | 188 | 9/25 | 20687761 | 20821000 | 133239 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Long Bond Futures | 110 | 9/25 | 12185680 | 12405938 | 220258 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Ultra Long Bond Futures | 197 | 9/25 | 22661156 | 22864312 | 203156 |
|  |  |  |  |  | 908503 |
|  **Contracts to Sell:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Bobl Futures | 27 | 6/25 | 3639777 | 3652654 | (12877) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Bund Futures | 54 | 6/25 | 8057054 | 8045404 | 11650 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Ultra Long Bond Futures | 2 | 9/25 | 232375 | 232125 | 250 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Ultra Long Bond Futures | 202 | 9/25 | 22572475 | 22734468 | (161993) |
|  |  |  |  |  | (162970) |
|  Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts |  |  | $745533 |

---

At May 31, 2025, Core Fixed Income Fund had deposited cash of $8,528,290 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement<br>Date** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 3710000 | USD | 2313037 | GSC | $2392576 | 6/30/25 | $79539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 3000000 | USD | 512558 | GSC | 521293 | 6/30/25 | 8735 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 1000000 | USD | 1337470 | GSC | 1347622 | 6/30/25 | 10152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 3200000 | USD | 3663424 | GSC | 3639892 | 6/30/25 | (23532) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 1350000 | USD | 1544360 | GSC | 1535580 | 6/30/25 | (8780) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 700000 | USD | 795515 | GSC | 796226 | 6/30/25 | 711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 950000 | USD | 1033125 | GSC | 1080593 | 6/30/25 | 47468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 250000000 | USD | 1769849 | GSC | 1742692 | 6/30/25 | (27157) |
|  |  |  |  |  |  |  | 87136 |
|  **Contracts to Sell:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 3710000 | USD | 2333516 | GSC | 2392576 | 6/30/25 | (59060) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 33490000 | USD | 5782612 | GSC | 5819362 | 6/30/25 | (36750) |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 8627500 | USD | 11146040 | GSC | 11626607 | 6/30/25 | (480567) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 24870000 | USD | 26995515 | GSC | 28288785 | 6/30/25 | (1293270) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 35835000 | USD | 1957631 | CITI | 1988771 | 6/30/25 | (31140) |
|  |  |  |  |  |  |  | (1900787) |
|  Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts |  | $(1813651) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Core Fixed Income Fund** 

---

| | |
|:---|:---|
| **<u>Currency abbreviations used in this schedule:</u>** | **<u>Currency abbreviations used in this schedule:</u>** |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| COP | Colombian Peso |
| EUR | Euro |
| GBP | British Pound |
| IDR | Indonesian Rupiah |
| USD | United States Dollar |
| ZAR | South African Rand |

---

---

| | |
|:---|:---|
| **<u>Counterparty abbreviations used in this schedule:</u>** | **<u>Counterparty abbreviations used in this schedule:</u>** |
| CITI | Citigroup Global Markets Inc. |
| GSC | Goldman Sachs & Co. |

---

**See pages 258-260 for definitions of ratings.** 

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2%** | **CORPORATE BONDS & NOTES - 96.2%** | **CORPORATE BONDS & NOTES - 96.2%** | **CORPORATE BONDS & NOTES - 96.2%** |
| **Advertising - 0.7%** | **Advertising - 0.7%** | **Advertising - 0.7%** | **Advertising - 0.7%** |
| $1015000 | B | Neptune Bidco US Inc., Senior Secured Notes, 9.290% due 4/15/29(a) | $962245 |
| **Airlines - 1.3%** | **Airlines - 1.3%** | **Airlines - 1.3%** | **Airlines - 1.3%** |
| 405000 | BBB- | Air Canada, Senior Secured Notes, 3.875% due 8/15/26(a) | 400098 |
|  |  | American Airlines Inc., Senior Secured Notes: |  |
| 615000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250% due 2/15/28(a) | 621585 |
| 240000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500% due 5/15/29(a) | 248800 |
|  |  | United Airlines Inc., Senior Secured Notes: |  |
| 106000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 4/15/26(a) | 104813 |
| 451000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 4/15/29(a) | 428650 |
|  |  | Total Airlines | 1803946 |
| **Banks - 0.4%** | **Banks - 0.4%** | **Banks - 0.4%** | **Banks - 0.4%** |
| 475000 | BB | Walker & Dunlop Inc., Company Guaranteed Notes, 6.625% due 4/1/33(a) | 479030 |
| **Building Materials - 0.6%** | **Building Materials - 0.6%** | **Building Materials - 0.6%** | **Building Materials - 0.6%** |
|  |  | Standard Industries Inc., Senior Unsecured Notes: |  |
| 252000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 2/15/27(a) | 250437 |
| 615000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 1/15/31(a) | 544624 |
|  |  | Total Building Materials | 795061 |
| **Chemicals - 1.9%** | **Chemicals - 1.9%** | **Chemicals - 1.9%** | **Chemicals - 1.9%** |
| 901000 | B | Consolidated Energy Finance SA, Company Guaranteed Notes, 5.625% due 10/15/28(a) | 731435 |
|  |  | Methanex Corp., Senior Unsecured Notes: |  |
| 215000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 10/15/27 | 213356 |
| 4000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 12/15/29 | 3883 |
| 800000 | BB | Methanex US Operations Inc., Company Guaranteed Notes, 6.250% due 3/15/32(a) | 774862 |
| 557000 | BB- | Minerals Technologies Inc., Company Guaranteed Notes, 5.000% due 7/1/28(a) | 541588 |
| 435500 | CCC- | Trinseo Luxco Finance SPV Sarl/Trinseo NA Finance SPV LLC, Secured Notes, 7.625% (5.125% cash and 2.500% PIK until 2/15/28 then 7.625% until 5/3/29) due 5/3/29(a)(b) | 261300 |
|  |  | Total Chemicals | 2526424 |
| **Coal - 0.1%** | **Coal - 0.1%** | **Coal - 0.1%** | **Coal - 0.1%** |
| 152000 | BB+ | Warrior Met Coal Inc., Senior Secured Notes, 7.875% due 12/1/28(a) | 154905 |
| **Commercial Services - 7.1%** | **Commercial Services - 7.1%** | **Commercial Services - 7.1%** | **Commercial Services - 7.1%** |
|  |  | Avis Budget Car Rental LLC/Avis Budget Finance Inc., Company Guaranteed Notes: |  |
| 306000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 3/1/29(a) | 288793 |
| 170000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250% due 1/15/30(a) | 172680 |
| 207000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375% due 6/15/32(a) | 208759 |
| 390000 | BB+ | Block Inc., Senior Unsecured Notes, 6.500% due 5/15/32(a) | 399271 |
| 510000 | BB | Boost Newco Borrower LLC, Senior Secured Notes, 7.500% due 1/15/31(a) | 539989 |
| 709000 | B- | Champions Financing Inc., Senior Secured Notes, 8.750% due 2/15/29(a) | 660944 |
|  |  | Deluxe Corp.: |  |
| 822000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 8.000% due 6/1/29(a) | 763278 |
| 390000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 8.125% due 9/15/29(a) | 395425 |
|  |  | EquipmentShare.com Inc.: |  |
| 522000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Secured Notes, 8.625% due 5/15/32(a) | 546884 |
| 395000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 8.000% due 3/15/33(a) | 406187 |
|  |  | Herc Holdings Escrow Inc., Senior Unsecured Notes: |  |
| 219000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 6/15/30(a) | 225588 |
| 455000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250% due 6/15/33(a) | 468733 |
|  |  | Hertz Corp. (The): |  |
| 367000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 4.625% due 12/1/26(a) | 324138 |
| 315000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 12.625% due 7/15/29(a) | 320987 |
| 890000 | B | Mobius Merger Sub Inc., Senior Secured Notes, 9.000% due 6/1/30(a) | 790336 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |
| **Commercial Services - 7.1% - (continued)** | **Commercial Services - 7.1% - (continued)** | **Commercial Services - 7.1% - (continued)** | **Commercial Services - 7.1% - (continued)** |
|  |  | Prime Security Services Borrower LLC/Prime Finance Inc.: |  |
| $540000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Secured Notes, 6.250% due 1/15/28(a) | $539823 |
| 231000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 3.375% due 8/31/27(a) | 222014 |
| 522000 | BB- | Shift4 Payments LLC/Shift4 Payments Finance Sub Inc., Company Guaranteed Notes,<br>6.750% due 8/15/32(a) | 532914 |
| 610000 | B+ | Veritiv Operating Co., Senior Secured Notes, 10.500% due 11/30/30(a) | 649728 |
| 684000 | B | VM Consolidated Inc., Company Guaranteed Notes, 5.500% due 4/15/29(a) | 677489 |
| 544000 | B | WEX Inc., Company Guaranteed Notes, 6.500% due 3/15/33(a) | 538172 |
|  |  | Total Commercial Services | 9672132 |
| **Computers - 0.6%** | **Computers - 0.6%** | **Computers - 0.6%** | **Computers - 0.6%** |
| 520000 | B | Fortress Intermediate 3 Inc., Senior Secured Notes, 7.500% due 6/1/31(a) | 538075 |
| 62000 | B+ | NCR Voyix Corp., Company Guaranteed Notes, 5.125% due 4/15/29(a) | 60498 |
| 210000 | BB | Seagate HDD Cayman, Company Guaranteed Notes, 4.091% due 6/1/29(a) | 201000 |
|  |  | Total Computers | 799573 |
| **Cosmetics/Personal Care - 1.2%** | **Cosmetics/Personal Care - 1.2%** | **Cosmetics/Personal Care - 1.2%** | **Cosmetics/Personal Care - 1.2%** |
| 718000 | BB | Edgewell Personal Care Co., Company Guaranteed Notes, 4.125% due 4/1/29(a) | 672169 |
| 940000 | B+ | Perrigo Finance Unlimited Co., Company Guaranteed Notes, 6.125% due 9/30/32 | 939030 |
|  |  | Total Cosmetics/Personal Care | 1611199 |
| **Diversified Financial Services - 8.0%** | **Diversified Financial Services - 8.0%** | **Diversified Financial Services - 8.0%** | **Diversified Financial Services - 8.0%** |
| 414000 | BB+ | Air Lease Corp., Junior Subordinated Notes, 4.650% (5-Year CMT Index + 4.076%)(c)(d) | 408261 |
| 735000 | BB | Aircastle Ltd., Junior Subordinated Notes, 5.250% (5-Year CMT Index + 4.410%)(a)(c)(d) | 731709 |
| 1052000 | BB+ | Ally Financial Inc., Subordinated Notes, 6.700% due 2/14/33 | 1068834 |
| 345000 | BB- | Bread Financial Holdings Inc., Company Guaranteed Notes, 9.750% due 3/15/29(a) | 368075 |
|  |  | Burford Capital Global Finance LLC, Company Guaranteed Notes: |  |
| 724000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 4/15/28(a) | 720997 |
| 149000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250% due 7/1/31(a) | 158871 |
| 905000 | CCC | Cobra AcquisitionCo LLC, Company Guaranteed Notes, 6.375% due 11/1/29(a) | 765644 |
| 627000 | BB | Credit Acceptance Corp., Company Guaranteed Notes, 9.250% due 12/15/28(a) | 663758 |
| 416000 | BB- | EZCORP Inc., Company Guaranteed Notes, 7.375% due 4/1/32(a) | 433616 |
| 715000 | B | Focus Financial Partners LLC, Senior Secured Notes, 6.750% due 9/15/31(a) | 723805 |
|  |  | goeasy Ltd.: |  |
| 395000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 6.875% due 5/15/30(a) | 390424 |
| 297000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 7.625% due 7/1/29(a) | 300213 |
|  |  | Jane Street Group/JSG Finance Inc., Senior Secured Notes: |  |
| 200000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/29(a) | 192793 |
| 405000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125% due 4/30/31(a) | 423440 |
| 440000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 11/1/32(a) | 440973 |
| 534000 | B1(e) | LFS Topco LLC, Company Guaranteed Notes, 5.875% due 10/15/26(a) | 529648 |
|  |  | OneMain Finance Corp., Company Guaranteed Notes: |  |
| 119000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 5/15/29 | 120106 |
| 231000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 11/15/29 | 224001 |
| 308000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 5/15/31 | 316604 |
| 705000 | B- | Planet Financial Group LLC, Company Guaranteed Notes, 10.500% due 12/15/29(a) | 695169 |
| 505000 | B1(e) | Rfna LP, Senior Unsecured Notes, 7.875% due 2/15/30(a) | 506630 |
| 710000 | B+ | VFH Parent LLC/Valor Co.-Issuer Inc., Senior Secured Notes, 7.500% due 6/15/31(a) | 740813 |
|  |  | Total Diversified Financial Services | 10924384 |
| **Electric - 4.4%** | **Electric - 4.4%** | **Electric - 4.4%** | **Electric - 4.4%** |
| 638000 | BB+ | Atlantica Sustainable Infrastructure Ltd., Company Guaranteed Notes, 4.125% due 6/15/28(a) | 612532 |
| 523000 | B+ | Calpine Corp., Senior Unsecured Notes, 5.000% due 2/1/31(a) | 507524 |
| 700000 | BB | Clearway Energy Operating LLC, Company Guaranteed Notes, 3.750% due 1/15/32(a) | 615465 |
|  |  | NRG Energy Inc., Company Guaranteed Notes: |  |
| 174000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 1/15/28 | 174719 |
| 290000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 6/15/29(a) | 286935 |
| 597000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 2/15/31(a) | 541811 |
| 170000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 11/1/34(a) | 170116 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |
| **Electric - 4.4% - (continued)** | **Electric - 4.4% - (continued)** | **Electric - 4.4% - (continued)** | **Electric - 4.4% - (continued)** |
| $910000 | Ba3(e) | Pattern Energy Operations LP/Pattern Energy Operations Inc., Company Guaranteed Notes,<br>4.500% due 8/15/28(a) | $873750 |
|  |  | Vistra Operations Co. LLC: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 170000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 10/15/31(a) | 180371 |
| 320000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 4/15/32(a) | 333066 |
| 546000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 4.300% due 7/15/29(a) | 532013 |
|  |  | XPLR Infrastructure Operating Partners LP: |  |
| 445000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 4.500% due 9/15/27(a) | 430649 |
| 690000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 7.250% due 1/15/29(a) | 693867 |
|  |  | Total Electric | 5952818 |
| **Electrical Components & Equipment - 0.8%** | **Electrical Components & Equipment - 0.8%** | **Electrical Components & Equipment - 0.8%** | **Electrical Components & Equipment - 0.8%** |
|  |  | EnerSys, Company Guaranteed Notes: |  |
| 485000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 12/15/27(a) | 469673 |
| 29000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 1/15/32(a) | 29648 |
| 504000 | BB | WESCO Distribution Inc., Company Guaranteed Notes, 6.375% due 3/15/33(a) | 513717 |
|  |  | Total Electrical Components & Equipment | 1013038 |
| **Electronics - 1.0%** | **Electronics - 1.0%** | **Electronics - 1.0%** | **Electronics - 1.0%** |
| 700000 | BB | Imola Merger Corp., Senior Secured Notes, 4.750% due 5/15/29(a) | 671206 |
| 730000 | BB- | TTM Technologies Inc., Company Guaranteed Notes, 4.000% due 3/1/29(a) | 694798 |
|  |  | Total Electronics | 1366004 |
| **Entertainment - 2.8%** | **Entertainment - 2.8%** | **Entertainment - 2.8%** | **Entertainment - 2.8%** |
| 755000 | B+ | Banijay Entertainment SAS, Senior Secured Notes, 8.125% due 5/1/29(a) | 784182 |
| 95000 | B- | Caesars Entertainment Inc., Company Guaranteed Notes, 4.625% due 10/15/29(a) | 88893 |
| 675000 | BBB- | Flutter Treasury DAC, Senior Secured Notes, 5.875% due 6/4/31(a) | 678797 |
| 780000 | B- | Ontario Gaming GTA LP/OTG Co.-Issuer Inc., Senior Secured Notes, 8.000% due 8/1/30(a) | 771592 |
| 753000 | B+ | SeaWorld Parks & Entertainment Inc., Company Guaranteed Notes, 5.250% due 8/15/29(a) | 724180 |
| 755000 | B | Voyager Parent LLC, Senior Secured Notes, 9.250% due 7/1/32(a) | 780514 |
|  |  | Total Entertainment | 3828158 |
| **Environmental Control - 0.3%** | **Environmental Control - 0.3%** | **Environmental Control - 0.3%** | **Environmental Control - 0.3%** |
|  |  | Reworld Holding Corp., Company Guaranteed Notes: |  |
| 240000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 12/1/29(a) | 227450 |
| 208000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 9/1/30 | 194437 |
|  |  | Total Environmental Control | 421887 |
| **Food - 1.9%** | **Food - 1.9%** | **Food - 1.9%** | **Food - 1.9%** |
|  |  | Albertsons Cos Inc./Safeway Inc./New Albertsons LP/Albertsons LLC, Company Guaranteed Notes: |  |
| 372000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 2/15/28(a) | 371952 |
| 505000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 3/15/29(a) | 474955 |
| 1033000 | B- | C&S Group Enterprises LLC, Company Guaranteed Notes, 5.000% due 12/15/28(a) | 881704 |
| 131000 | BB | Land O'Lakes Capital Trust I, Limited Guaranteed Notes, 7.450% due 3/15/28(a) | 130267 |
|  |  | Performance Food Group Inc., Company Guaranteed Notes: |  |
| 347000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 10/15/27(a) | 345871 |
| 360000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 8/1/29(a) | 343406 |
|  |  | Total Food | 2548155 |
| **Forest Products & Paper - 0.6%** | **Forest Products & Paper - 0.6%** | **Forest Products & Paper - 0.6%** | **Forest Products & Paper - 0.6%** |
| 886000 | B+ | Magnera Corp., Company Guaranteed Notes, 4.750% due 11/15/29(a) | 752069 |
| **Gas - 0.5%** | **Gas - 0.5%** | **Gas - 0.5%** | **Gas - 0.5%** |
|  |  | Venture Global Plaquemines LNG LLC, Senior Secured Notes: |  |
| 97000 | (P)BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 5/1/33(a) | 101421 |
| 558000 | (P)BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 5/1/35(a) | 588114 |
|  |  | Total Gas | 689535 |
| **Healthcare - Products - 1.2%** | **Healthcare - Products - 1.2%** | **Healthcare - Products - 1.2%** | **Healthcare - Products - 1.2%** |
| 470000 | B+ | Insulet Corp., Senior Unsecured Notes, 6.500% due 4/1/33(a) | 483575 |
| 402000 | BB- | Medline Borrower LP, Senior Secured Notes, 3.875% due 4/1/29(a) | 378967 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |
| **Healthcare - Products - 1.2% - (continued)** | **Healthcare - Products - 1.2% - (continued)** | **Healthcare - Products - 1.2% - (continued)** | **Healthcare - Products - 1.2% - (continued)** |
| $285000 | BB- | Medline Borrower LP/Medline Co.-Issuer Inc., Senior Secured Notes, 6.250% due 4/1/29(a) | $290362 |
| 462000 | BB- | Sotera Health Holdings LLC, Senior Secured Notes, 7.375% due 6/1/31(a) | 480637 |
|  |  | Total Healthcare - Products | 1633541 |
| **Healthcare - Services - 2.6%** | **Healthcare - Services - 2.6%** | **Healthcare - Services - 2.6%** | **Healthcare - Services - 2.6%** |
| 778000 | B | Concentra Health Services Inc., Company Guaranteed Notes, 6.875% due 7/15/32(a) | 801400 |
| 637000 | BB- | DaVita Inc., Company Guaranteed Notes, 6.750% due 7/15/33(a) | 644162 |
| 750000 | CCC+ | LifePoint Health Inc., Company Guaranteed Notes, 5.375% due 1/15/29(a) | 708560 |
|  |  | Molina Healthcare Inc., Senior Unsecured Notes: |  |
| 715000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 11/15/30(a) | 654010 |
| 160000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 1/15/33(a) | 159886 |
| 535000 | B | Select Medical Corp., Company Guaranteed Notes, 6.250% due 12/1/32(a) | 529777 |
|  |  | Total Healthcare - Services | 3497795 |
| **Home Builders - 0.4%** | **Home Builders - 0.4%** | **Home Builders - 0.4%** | **Home Builders - 0.4%** |
|  |  | Mattamy Group Corp., Senior Unsecured Notes: |  |
| 201000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 12/15/27(a) | 199994 |
| 371000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 3/1/30(a) | 349429 |
|  |  | Total Home Builders | 549423 |
| **Insurance - 2.2%** | **Insurance - 2.2%** | **Insurance - 2.2%** | **Insurance - 2.2%** |
| 590000 | B | Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, Senior Secured Notes,<br>6.500% due 10/1/31(a) | 595472 |
| 520000 | B | Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, Senior Secured Notes, 7.125% due 5/15/31(a) | 536321 |
| 705000 | B | Howden UK Refinance PLC/Howden UK Refinance 2 PLC/Howden US Refinance LLC, Senior Secured Notes, 7.250% due 2/15/31(a) | 724247 |
| 557000 | B- | Jones Deslauriers Insurance Management Inc., Senior Secured Notes, 8.500% due 3/15/30(a) | 585221 |
| 585000 | B | Panther Escrow Issuer LLC, Senior Secured Notes, 7.125% due 6/1/31(a) | 605174 |
|  |  | Total Insurance | 3046435 |
| **Internet - 2.4%** | **Internet - 2.4%** | **Internet - 2.4%** | **Internet - 2.4%** |
| 582000 | B+ | Cogent Communications Group Inc./Cogent Communications Finance Inc., Company Guaranteed Notes, 7.000% due 6/15/27(a) | 585584 |
| 210000 | B+ | Cogent Communications Group LLC, Company Guaranteed Notes, 7.000% due 6/15/27(a) | 210956 |
|  |  | Gen Digital Inc., Company Guaranteed Notes: |  |
| 101000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 9/30/27(a) | 102822 |
| 198000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125% due 9/30/30(a) | 204517 |
| 354000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 4/1/33(a) | 358788 |
| 784000 | B- | GrubHub Holdings Inc., Company Guaranteed Notes, (Cost - $736,741, acquired 3/3/21),<br>5.500% due 7/1/27(a)(f) | 724876 |
| 490000 | B- | ION Trading Technologies Sarl, Senior Secured Notes, 5.750% due 5/15/28(a) | 474262 |
|  |  | Match Group Holdings II LLC, Senior Unsecured Notes: |  |
| 434000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 8/1/30(a) | 400647 |
| 149000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 10/1/31(a) | 130417 |
|  |  | Total Internet | 3192869 |
| **Iron/Steel - 2.6%** | **Iron/Steel - 2.6%** | **Iron/Steel - 2.6%** | **Iron/Steel - 2.6%** |
|  |  | ATI Inc., Senior Unsecured Notes: |  |
| 484000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 10/1/29 | 469480 |
| 210000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 10/1/31 | 202752 |
|  |  | Cleveland-Cliffs Inc.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 80000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 6/1/27 | 78813 |
| 330000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 3/15/32(a) | 285131 |
| 660000 | Ba3(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375% due 5/1/33(a) | 572125 |
| 48000 | B | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 6.250% due 10/1/40 | 34903 |
| 665000 | BB+ | Commercial Metals Co., Senior Unsecured Notes, 3.875% due 2/15/31 | 601900 |
|  |  | Mineral Resources Ltd., Senior Unsecured Notes: |  |
| 268000 | Ba3(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125% due 5/1/27(a) | 268428 |
| 398000 | Ba3(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250% due 10/1/28(a) | 406125 |
| 639000 | Ba3(e) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500% due 5/1/30(a) | 633510 |
|  |  | Total Iron/Steel | 3553167 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |
| **Leisure Time - 2.7%** | **Leisure Time - 2.7%** | **Leisure Time - 2.7%** | **Leisure Time - 2.7%** |
|  |  | Carnival Corp.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| $361000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/1/27(a) | $362382 |
| 749000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 5/1/29(a) | 751592 |
| 120000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 7.000% due 8/15/29(a) | 126011 |
|  |  | NCL Corp., Ltd.: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 270000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 2/15/27(a) | 270209 |
| 230000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125% due 1/15/29(a) | 242299 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |  |
| 374000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 2/15/29(a) | 393497 |
| 350000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 3/1/30(a) | 346461 |
| 180000 | B+ | NCL Finance Ltd., Company Guaranteed Notes, 6.125% due 3/15/28(a) | 181260 |
|  |  | Royal Caribbean Cruises Ltd., Senior Unsecured Notes: |  |
| 290000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 3/15/32(a) | 293806 |
| 735000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 2/1/33(a) | 737718 |
|  |  | Total Leisure Time | 3705235 |
| **Lodging - 2.3%** | **Lodging - 2.3%** | **Lodging - 2.3%** | **Lodging - 2.3%** |
| 961000 | B | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower Inc., Company Guaranteed Notes, 4.875% due 7/1/31(a) | 862348 |
| 820000 | BB- | Melco Resorts Finance Ltd., Senior Unsecured Notes, 5.375% due 12/4/29(a) | 755045 |
| 722000 | B | Station Casinos LLC, Company Guaranteed Notes, 6.625% due 3/15/32(a) | 723469 |
|  |  | Travel + Leisure Co., Senior Secured Notes: |  |
| 245000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 4/1/27 | 246936 |
| 540000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 12/1/29(a) | 512494 |
|  |  | Total Lodging | 3100292 |
| **Media - 5.9%** | **Media - 5.9%** | **Media - 5.9%** | **Media - 5.9%** |
| 345000 | BB+ | Belo Corp., Company Guaranteed Notes, 7.750% due 6/1/27 | 356597 |
| 905000 | B | Cable One Inc., Company Guaranteed Notes, 4.000% due 11/15/30(a) | 701698 |
|  |  | CCO Holdings LLC/CCO Holdings Capital Corp., Senior Unsecured Notes: |  |
| 509000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% due 9/1/29(a) | 516377 |
| 680000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/1/32 | 619436 |
| 630000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 1/15/34(a) | 544255 |
|  |  | CSC Holdings LLC: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 200000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 2/1/29(a) | 159800 |
| 415000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 12/1/30(a) | 285554 |
| 200000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/31(a) | 135412 |
| 510000 | CCC- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 5.750% due 1/15/30(a) | 256536 |
|  |  | Paramount Global, Junior Subordinated Notes: |  |
| 619000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% (3-Month USD-LIBOR + 3.899%) due 2/28/57(c) | 585277 |
| 222000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375% (5-Year CMT Index + 3.999%) due 3/30/62(c) | 217163 |
|  |  | Sirius XM Radio LLC, Company Guaranteed Notes: |  |
| 560000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 7/15/28(a) | 531748 |
| 846000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 9/1/31(a) | 740062 |
| 727000 | BB- | Sunrise FinCo I BV, Senior Secured Notes, 4.875% due 7/15/31(a) | 675637 |
| 345000 | BB+ | TEGNA Inc., Company Guaranteed Notes, 4.625% due 3/15/28(a) | 333920 |
|  |  | Univision Communications Inc., Senior Secured Notes: |  |
| 120000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% due 8/15/28(a) | 120184 |
| 112000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375% due 6/30/30(a) | 104783 |
| 430000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500% due 7/31/31(a) | 413158 |
| 817000 | B- | Virgin Media Finance PLC, Company Guaranteed Notes, 5.000% due 7/15/30(a) | 741477 |
|  |  | Total Media | 8039074 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |
| **Mining - 1.7%** | **Mining - 1.7%** | **Mining - 1.7%** | **Mining - 1.7%** |
| $160000 | BB- | Capstone Copper Corp., Company Guaranteed Notes, 6.750% due 3/31/33(a) | $160103 |
| 1160000 | BB+ | FMG Resources August 2006 Pty Ltd., Company Guaranteed Notes, 4.375% due 4/1/31(a) | 1063393 |
|  |  | Hudbay Minerals Inc., Company Guaranteed Notes: |  |
| 40000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 4/1/26(a) | 39677 |
| 482000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125% due 4/1/29(a) | 484309 |
|  |  | Novelis Corp., Company Guaranteed Notes: |  |
| 505000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/30/30(a) | 480446 |
| 65000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 1/30/30(a) | 67072 |
|  |  | Total Mining | 2295000 |
| **Miscellaneous Manufacturers - 0.0%@** | **Miscellaneous Manufacturers - 0.0%@** | **Miscellaneous Manufacturers - 0.0%@** |  |
| 12101 | WD(g) | Anagram Holdings LLC/Anagram International Inc., Secured Notes, 10.000% due<br>8/15/26\*(a)(h)(i) |  |
| **Oil & Gas - 5.7%** | **Oil & Gas - 5.7%** | **Oil & Gas - 5.7%** |  |
| 668000 | BB- | Baytex Energy Corp., Company Guaranteed Notes, 7.375% due 3/15/32(a) | 606980 |
|  |  | Civitas Resources Inc.: |  |
| 397000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 8.625% due 11/1/30(a) | 391916 |
| 285000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes, 9.625% due 6/15/33(a) | 285866 |
|  |  | Comstock Resources Inc., Company Guaranteed Notes: |  |
| 505000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 3/1/29(a) | 498145 |
| 170000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 1/15/30(a) | 160870 |
|  |  | Crescent Energy Finance LLC, Company Guaranteed Notes: |  |
| 180000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250% due 2/15/28(a) | 186081 |
| 387000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625% due 4/1/32(a) | 365147 |
| 74000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375% due 1/15/33(a) | 68744 |
|  |  | Hilcorp Energy I LP/Hilcorp Finance Co., Senior Unsecured Notes: |  |
| 342000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 2/1/29(a) | 326990 |
| 50000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 2/1/31(a) | 46060 |
| 590000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 4/15/32(a) | 536022 |
| 150000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375% due 11/1/33(a) | 149395 |
| 175000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250% due 2/15/35(a) | 162198 |
| 283000 | B- | Nabors Industries Inc., Company Guaranteed Notes, 7.375% due 5/15/27(a) | 272238 |
| 874000 | BB- | Strathcona Resources Ltd., Senior Unsecured Notes, 6.875% due 8/1/26(a) | 879147 |
| 255000 | BB+ | Sunoco LP, Company Guaranteed Notes, 7.250% due 5/1/32(a) | 265303 |
| 629000 | B+ | Talos Production Inc., Secured Notes, 9.375% due 2/1/31(a) | 618836 |
| 741000 | BB | Valaris Ltd., Secured Notes, 8.375% due 4/30/30(a) | 744465 |
| 535000 | B | Vital Energy Inc., Company Guaranteed Notes, 7.875% due 4/15/32(a) | 434100 |
| 796000 | B+ | Wildfire Intermediate Holdings LLC, Senior Unsecured Notes, 7.500% due 10/15/29(a) | 771478 |
|  |  | Total Oil & Gas | 7769981 |
| **Oil & Gas Services - 1.4%** | **Oil & Gas Services - 1.4%** | **Oil & Gas Services - 1.4%** | **Oil & Gas Services - 1.4%** |
|  |  | Archrock Partners LP/Archrock Partners Finance Corp., Company Guaranteed Notes: |  |
| 278000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 4/1/28(a) | 277717 |
| 375000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 9/1/32(a) | 377163 |
| 635000 | BB- | Kodiak Gas Services LLC, Company Guaranteed Notes, 7.250% due 2/15/29(a) | 651179 |
| 642000 | BB- | Weatherford International Ltd., Company Guaranteed Notes, 8.625% due 4/30/30(a) | 652588 |
|  |  | Total Oil & Gas Services | 1958647 |
| **Packaging & Containers - 2.8%** | **Packaging & Containers - 2.8%** | **Packaging & Containers - 2.8%** |  |
|  |  | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Senior Secured Notes: |  |
| 210000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 6/15/27(a) | 210671 |
| 875000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 9/1/28(a) | 805343 |
|  |  | Clydesdale Acquisition Holdings Inc.: |  |
| 708000 | B- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 8.750% due 4/15/30(a) | 724529 |
| 105000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 6.750% due 4/15/32(a) | 106142 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |
| **Packaging & Containers - 2.8% - (continued)** | **Packaging & Containers - 2.8% - (continued)** | **Packaging & Containers - 2.8% - (continued)** |  |
|  |  | Crown Americas LLC, Company Guaranteed Notes: |  |
| $474000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 4/1/30 | $472496 |
| 195000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875% due 6/1/33(a) | 193775 |
| 728000 | CCC- | Iris Holding Inc., Senior Unsecured Notes, 10.000% due 12/15/28(a) | 642338 |
| 244000 | B | Mauser Packaging Solutions Holding Co., Senior Secured Notes, 7.875% due 8/15/26(a) | 243573 |
| 417000 | BB- | Silgan Holdings Inc., Company Guaranteed Notes, 4.125% due 2/1/28 | 405316 |
|  |  | Total Packaging & Containers | 3804183 |
| **Pharmaceuticals - 2.6%** | **Pharmaceuticals - 2.6%** | **Pharmaceuticals - 2.6%** |  |
|  |  | HLF Financing Sarl LLC/Herbalife International Inc.: |  |
| 835000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes, 4.875% due 6/1/29(a) | 688644 |
| 685000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 12.250% due 4/15/29(a) | 744433 |
| 804000 | BB- | Organon & Co./Organon Foreign Debt Co.-Issuer BV, Senior Unsecured Notes,<br>5.125% due 4/30/31(a) | 677023 |
| 230000 | D | Par Pharmaceutical Inc., Senior Secured Notes, 7.500% due 4/1/27\*(a)(i) |  |
|  |  | Teva Pharmaceutical Finance Netherlands III BV, Company Guaranteed Notes: |  |
| 400000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875% due 9/15/29 | 432070 |
| 270000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125% due 9/15/31 | 300688 |
| 325000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 12/1/32 | 328173 |
| 325000 | BB+(g) | Teva Pharmaceutical Finance Netherlands IV BV, Company Guaranteed Notes,<br>5.750% due 12/1/30 | 328436 |
|  |  | Total Pharmaceuticals | 3499467 |
| **Pipelines - 6.0%** | **Pipelines - 6.0%** | **Pipelines - 6.0%** |  |
| 405000 | BB+ | Antero Midstream Partners LP/Antero Midstream Finance Corp., Company Guaranteed Notes, 5.750% due 1/15/28(a) | 404305 |
| 625000 | BB- | Delek Logistics Partners LP/Delek Logistics Finance Corp., Company Guaranteed Notes,<br>8.625% due 3/15/29(a) | 647857 |
| 534000 | BB+ | Excelerate Energy LP, Company Guaranteed Notes, 8.000% due 5/15/30(a) | 553034 |
|  |  | Genesis Energy LP/Genesis Energy Finance Corp., Company Guaranteed Notes: |  |
| 349000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250% due 1/15/29 | 361458 |
| 510000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875% due 4/15/30 | 535960 |
| 85000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875% due 5/15/32 | 86147 |
| 110000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% due 5/15/33 | 111720 |
|  |  | Harvest Midstream I LP, Senior Unsecured Notes: |  |
| 770000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 9/1/28(a) | 782445 |
| 510000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 5/15/32(a) | 524288 |
|  |  | Howard Midstream Energy Partners LLC, Senior Unsecured Notes: |  |
| 120000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875% due 7/15/28(a) | 125600 |
| 775000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375% due 7/15/32(a) | 802701 |
| 1220000 | B- | ITT Holdings LLC, Senior Unsecured Notes, 6.500% due 8/1/29(a) | 1139834 |
|  |  | NGL Energy Operating LLC/NGL Energy Finance Corp., Senior Secured Notes: |  |
| 392000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125% due 2/15/29(a) | 382059 |
| 459000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375% due 2/15/32(a) | 434834 |
| 238000 | Ba1(e) | NuStar Logistics LP, Company Guaranteed Notes, 6.375% due 10/1/30 | 242352 |
| 1045000 | BB | Venture Global LNG Inc., Senior Secured Notes, 8.375% due 6/1/31(a) | 1061483 |
|  |  | Total Pipelines | 8196077 |
| **Private Equity - 0.6%** | **Private Equity - 0.6%** | **Private Equity - 0.6%** |  |
|  |  | HAT Holdings I LLC/HAT Holdings II LLC, Company Guaranteed Notes: |  |
| 257000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 6/15/26(a) | 250349 |
| 575000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000% due 6/15/27(a) | 592508 |
|  |  | Total Private Equity | 842857 |
| **Real Estate - 1.6%** | **Real Estate - 1.6%** | **Real Estate - 1.6%** |  |
|  |  | Cushman & Wakefield US Borrower LLC, Senior Secured Notes: |  |
| 338000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750% due 5/15/28(a) | 339687 |
| 380000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875% due 9/1/31(a) | 406486 |
| 495000 | BB | Greystar Real Estate Partners LLC, Senior Secured Notes, 7.750% due 9/1/30(a) | 526105 |
|  |  | Kennedy-Wilson Inc., Company Guaranteed Notes: |  |
| 925000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 3/1/29 | 850475 |
| 41000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 2/1/30 | 36425 |
|  |  | Total Real Estate | 2159178 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |  |
| **Real Estate Investment Trusts (REITs) - 3.0%** | **Real Estate Investment Trusts (REITs) - 3.0%** | **Real Estate Investment Trusts (REITs) - 3.0%** |  |
| $803000 | B+ | Apollo Commercial Real Estate Finance Inc., Senior Secured Notes, 4.625% due 6/15/29(a) | $751403 |
| 646000 | B+ | Blackstone Mortgage Trust Inc., Senior Secured Notes, 7.750% due 12/1/29(a) | 680605 |
|  |  | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., Company Guaranteed Notes: |  |
| 305000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/1/27(a) | 298568 |
| 110000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 6/15/29(a) | 106631 |
| 340000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 7/15/31(a) | 352752 |
|  |  | Service Properties Trust: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |  |
| 336000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 12/15/27 | 324520 |
| 395000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375% due 6/15/29 | 400416 |
| 478000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875% due 6/15/32 | 476293 |
| 60000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 8.625% due 11/15/31(a) | 63978 |
|  |  | Starwood Property Trust Inc., Senior Unsecured Notes: |  |
| 130000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250% due 4/1/29(a) | 135295 |
| 530000 | BB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 7/1/30(a) | 537756 |
|  |  | Total Real Estate Investment Trusts (REITs) | 4128217 |
| **Retail - 4.4%** | **Retail - 4.4%** | **Retail - 4.4%** |  |
| 630000 | BB+ | Brinker International Inc., Company Guaranteed Notes, 8.250% due 7/15/30(a) | 667080 |
| 524000 | B- | CEC Entertainment LLC, Senior Secured Notes, 6.750% due 5/1/26(a) | 515988 |
|  |  | FirstCash Inc., Company Guaranteed Notes: |  |
| 432000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 9/1/28(a) | 420867 |
| 187000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625% due 1/1/30(a) | 185843 |
| 77000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% due 3/1/32(a) | 79021 |
| 1417000 | BB- | Kohl's Corp., Senior Unsecured Notes, 5.125% due 5/1/31 | 911799 |
| 686000 | CCC | LBM Acquisition LLC, Company Guaranteed Notes, 6.250% due 1/15/29(a) | 551482 |
|  |  | Murphy Oil USA Inc., Company Guaranteed Notes: |  |
| 415000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 9/15/29 | 402251 |
| 110000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750% due 2/15/31(a) | 99802 |
| 807000 | CCC | Park River Holdings Inc., Senior Unsecured Notes, 6.750% due 8/1/29(a) | 645869 |
| 59000 | BB- | QXO Building Products Inc., Senior Secured Notes, 6.750% due 4/30/32(a) | 60631 |
| 495000 | B | Raising Cane's Restaurants LLC, Senior Unsecured Notes, 9.375% due 5/1/29(a) | 525918 |
| 775000 | B | Saks Global Enterprises LLC, Senior Secured Notes, 11.000% due 12/15/29(a) | 354562 |
| 640000 | B | Specialty Building Products Holdings LLC/SBP Finance Corp., Senior Secured Notes,<br>7.750% due 10/15/29(a) | 613615 |
|  |  | Total Retail | 6034728 |
| **Semiconductors - 0.2%** | **Semiconductors - 0.2%** | **Semiconductors - 0.2%** |  |
| 320000 | BB- | Entegris Inc., Company Guaranteed Notes, 5.950% due 6/15/30(a) | 320524 |
| **Software - 2.1%** | **Software - 2.1%** | **Software - 2.1%** |  |
| 635000 | B- | Capstone Borrower Inc., Senior Secured Notes, 8.000% due 6/15/30(a) | 656493 |
|  |  | Cloud Software Group Inc.: |  |
| 140000 | B- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Secured Notes, 9.000% due 9/30/29(a) | 143378 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 355000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 3/31/29(a) | 354879 |
| 370000 | B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250% due 6/30/32(a) | 389363 |
| 450000 | B | Helios Software Holdings Inc./ION Corporate Solutions Finance Sarl, Senior Secured Notes, 4.625% due 5/1/28(a) | 428553 |
|  |  | Open Text Corp., Company Guaranteed Notes: |  |
| 20000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 2/15/28(a) | 19176 |
| 260000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 12/1/29(a) | 242250 |
| 240000 | BB | Open Text Holdings Inc., Company Guaranteed Notes, 4.125% due 12/1/31(a) | 217515 |
| 1116480 | B- | Rackspace Finance LLC, Senior Secured Notes, 3.500% due 5/15/28(a) | 413098 |
|  |  | Total Software | 2864705 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** | **CORPORATE BONDS & NOTES - 96.2% - (continued)** |  |
| **Telecommunications - 6.0%** | **Telecommunications - 6.0%** | **Telecommunications - 6.0%** |  |
|  |  | Altice Financing SA, Senior Secured Notes: |  |
| $1264000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 1/15/28(a) | $990663 |
| 607000 | CCC+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 8/15/29(a) | 464409 |
|  |  | Bell Telephone Co. of Canada or Bell Canada, Company Guaranteed Notes: |  |
| 438000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875% (5-Year CMT Index + 2.390%) due 9/15/55(c) | 441926 |
| 330000 | BB+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% (5-Year CMT Index + 2.363%) due 9/15/55(c) | 331601 |
| 610000 | B+ | C&W Senior Finance Ltd., Company Guaranteed Notes, 9.000% due 1/15/33(a) | 607821 |
| 2000 | B- | CommScope LLC, Senior Secured Notes, 4.750% due 9/1/29(a) | 1918 |
| 715000 | B | Connect Finco Sarl/Connect US Finco LLC, Senior Secured Notes, 9.000% due 9/15/29(a) | 682286 |
|  |  | Iliad Holding SASU, Senior Secured Notes: |  |
| 133000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 10/15/28(a) | 135228 |
| 200000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500% due 4/15/31(a) | 210835 |
| 985000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% due 4/15/32(a) | 992563 |
|  |  | Rogers Communications Inc., Subordinated Notes: |  |
| 286000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000% (5-Year CMT Index + 2.653%) due 4/15/55(c) | 288218 |
| 404000 | BB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125% (5-Year CMT Index + 2.620%) due 4/15/55(c) | 404236 |
| 535000 | BB- | Sable International Finance Ltd., Senior Secured Notes, 7.125% due 10/15/32(a) | 526139 |
| 590000 | D | Telesat Canada/Telesat LLC, Senior Secured Notes, 4.875% due 6/1/27(a) | 340203 |
| 667000 | CCC+ | Viasat Inc., Senior Unsecured Notes, 7.500% due 5/30/31(a) | 531098 |
|  |  | Vmed O2 UK Financing I PLC, Senior Secured Notes: |  |
| 260000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 7/15/31(a) | 238984 |
| 270000 | B+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750% due 4/15/32(a) | 278362 |
| 805000 | CCC | Zayo Group Holdings Inc., Senior Unsecured Notes, 6.125% due 3/1/28(a) | 695324 |
|  |  | Total Telecommunications | 8161814 |
| **Transportation - 1.0%** | **Transportation - 1.0%** | **Transportation - 1.0%** |  |
| 670000 | B2(e) | Star Leasing Co. LLC, Secured Notes, 7.625% due 2/15/30(a) | 631051 |
| 663000 | BB | Stonepeak Nile Parent LLC, Senior Secured Notes, 7.250% due 3/15/32(a) | 687166 |
|  |  | Total Transportation | 1318217 |
| **Trucking & Leasing - 0.6%** | **Trucking & Leasing - 0.6%** | **Trucking & Leasing - 0.6%** |  |
| 800000 | BBB- | AerCap Global Aviation Trust, Company Guaranteed Notes, 6.500%<br>(3-Month Term SOFR + 4.562%) due 6/15/45(a)(c) | 801337 |
|  |  | **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $132,364,928) | **130773326** |
| **SENIOR LOANS - 0.3%** | **SENIOR LOANS - 0.3%** | **SENIOR LOANS - 0.3%** |  |
| **Media - 0.1%** | **Media - 0.1%** | **Media - 0.1%** |  |
| 119789 | NR | Gannett Holdings LLC, 9.325% (1-Month CME Term SOFR + 5.000%) due 10/15/29(c)(i) | 118741 |
| **Mining - 0.2%** | **Mining - 0.2%** | **Mining - 0.2%** |  |
| 360705 | NR | Arctic Canadian Diamond Company Ltd., 10.000% (6-Month USD-LIBOR + 10.000%)<br>due 12/31/27(c)(i) | 347503 |
|  |  | **TOTAL SENIOR LOANS**<br> (Cost - $462,071) | **466244** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $132,826,999) | **131239570** |
| **SHORT-TERM INVESTMENTS - 3.5%** | **SHORT-TERM INVESTMENTS - 3.5%** | **SHORT-TERM INVESTMENTS - 3.5%** |  |
| **TIME DEPOSITS - 3.5%** | **TIME DEPOSITS - 3.5%** | **TIME DEPOSITS - 3.5%** |  |
| 413928 |  | Citibank - New York, 3.680% due 6/2/25 | 413928 |
| 4335137 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 4335137 |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $4,749,065) | **4749065** |
|  |  | **TOTAL INVESTMENTS - 100.0%**<br> (Cost - $137,576,064) | **135988635** |
|  |  | Liabilities in Excess of Other Assets - 0.0%@ | (36180) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**135952455** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**High Yield Fund** 

† Amount denominated in U.S. dollars, unless otherwise noted.

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

\* Non-income producing security.

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $115,223,862 and represents 84.8% of net assets.

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

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

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

(e) Rating by Moody's Investors Service.

(f) The aggregate value of restricted securities (excluding 144A holdings) at May 31, 2025, amounts to
$724,876 and represents 0.5% of net assets.

(g) Rating by Fitch Ratings Service.

(h) Security is currently in default.

(i) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income<br>Tax Purposes** | **Gross**<br> **Unrealized<br>Appreciation** | **Gross<br>Unrealized<br>(Depreciation)** | **Net**<br> **Unrealized<br>(Depreciation)** |
|  High Yield Fund | $137576064 | $1954879 | $(3542308) | $(1587429) |

---

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

---

| | |
|:---|:---|
| CME | Chicago Mercantile Exchange |
| CMT | Constant Maturity Treasury Rate |
| DAC | Designated Activity Company |
| LIBOR | London Interbank Offered Rate |
| LLC | Limited Liability Company |
| PLC | Public Limited Company |
| SOFR | Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
|  Corporate Bonds & Notes | 96.2% |
|  Senior Loans | 0.3 |
|  Short-Term Investments | 3.5 |
|  Total Investments | 100.0% |

---

---

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

---

**<u>Currency abbreviation used in this schedule</u>:** 

USD — United States Dollar

**See pages 258-260 for definitions of ratings.** 

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **MORTGAGE-BACKED SECURITIES - 41.7%** | **MORTGAGE-BACKED SECURITIES - 41.7%** | **MORTGAGE-BACKED SECURITIES - 41.7%** | **MORTGAGE-BACKED SECURITIES - 41.7%** |
| **FHLMC - 6.5%** | **FHLMC - 6.5%** | **FHLMC - 6.5%** | **FHLMC - 6.5%** |
|  |  | Federal Home Loan Mortgage Corp. (FHLMC): |  |
| $25824 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 10/1/39 | $24494 |
| 358205 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 12/1/51 | 292081 |
| 83391 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 3/1/52 | 64875 |
| 1148132 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 9/1/52 - 10/1/52 | 1085600 |
| 5757207 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 1/1/53 - 3/1/54 | 5922198 |
| 2507003 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 3/1/53 - 6/1/54 | 2434901 |
| 1725743 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 12/1/53 - 9/1/54 | 1744299 |
|  |  | Total FHLMC | 11568448 |
| **FNMA - 28.6%** | **FNMA - 28.6%** | **FNMA - 28.6%** | **FNMA - 28.6%** |
|  |  | Federal National Mortgage Association (FNMA): |  |
| 791397 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 9/1/34 - 6/1/52 | 749336 |
| 286398 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 10/1/34 - 6/1/50 | 259728 |
| 9166 |  | &nbsp;&nbsp;&nbsp;&nbsp; 7.037% (1-Year CMT Index + 2.360%) due 11/1/34(a) | 9528 |
| 6485028 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 8/1/37 - 2/1/54 | 6664612 |
| 388377 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 10/1/49 - 5/1/51 | 331109 |
| 76481 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/1/50 | 70813 |
| 410561 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 3/1/52 | 319402 |
| 8031734 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 4/1/53 - 7/1/54 | 8126903 |
| 1288376 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 5/1/53 - 6/1/54 | 1249234 |
| 531811 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 9/1/53 | 527005 |
| 744000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/1/55(b) | 681545 |
| 12800000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 6/1/55(b) | 12389272 |
| 800000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 7/1/55(b) | 680439 |
| 3135000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 7/1/55(b) | 3161419 |
| 15200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 7/1/55(b) | 15589403 |
|  |  | Total FNMA | 50809748 |
| **GNMA - 6.6%** | **GNMA - 6.6%** | **GNMA - 6.6%** | **GNMA - 6.6%** |
|  |  | Government National Mortgage Association II (GNMA): |  |
| 969 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 9/20/38 | 983 |
| 4499866 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 11/20/51 - 6/20/52 | 3923541 |
| 5974760 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 12/20/52 - 3/20/55 | 5316020 |
| 700000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 6/20/55(b) | 586139 |
| 1200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 6/20/55(b) | 1045081 |
| 900000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 7/20/55(b) | 800578 |
|  |  | Total GNMA | 11672342 |
|  |  | **TOTAL MORTGAGE-BACKED SECURITIES**<br> (Cost - $74,329,348) | **74050538** |
| **SOVEREIGN BONDS - 41.1%** | **SOVEREIGN BONDS - 41.1%** | **SOVEREIGN BONDS - 41.1%** |  |
| **Australia - 1.6%** | **Australia - 1.6%** | **Australia - 1.6%** |  |
|  |  | Australia Government Bonds: |  |
| 100000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 5/21/30 | 61426 |
| 50000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 6/21/51 | 17217 |
|  |  | New South Wales Treasury Corp.: |  |
| 300000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 3/8/33 | 161210 |
| 1200000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 3/20/34 | 606479 |
|  |  | Queensland Treasury Corp.: |  |
| 1200000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 8/22/33 | 631937 |
| 200000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 7/20/34(c) | 99277 |
| 300000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 7/21/36(c) | 195557 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** |
| **Australia - 1.6% - (continued)** | **Australia - 1.6% - (continued)** | **Australia - 1.6% - (continued)** | **Australia - 1.6% - (continued)** |
|  |  | Treasury Corp. of Victoria: |  |
| 400000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 12/20/32 | $253242 |
| 1000000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 9/15/33 | 535672 |
| 400000 | <sup>AUD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 9/17/35 | 194205 |
|  |  | Total Australia | 2756222 |
| **Brazil - 1.8%** | **Brazil - 1.8%** | **Brazil - 1.8%** | **Brazil - 1.8%** |
| 18900000 | <sup>BRL</sup> | Brazil Letras do Tesouro Nacional, zero coupon due 10/1/25 | 3154411 |
| **Canada - 1.1%** | **Canada - 1.1%** | **Canada - 1.1%** | **Canada - 1.1%** |
| 27900000 | <sup>INR</sup> | Export Development Canada, 7.130% due 3/11/29(c) | 332443 |
| 200000 | <sup>CAD</sup> | Province of British Columbia Canada, 4.150% due 6/18/34 | 150136 |
| 700000 | <sup>CAD</sup> | Province of Ontario Canada, 3.650% due 6/2/33 | 512230 |
|  |  | Province of Quebec Canada: |  |
| 900000 | <sup>CAD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.600% due 9/1/33(c) | 654269 |
| 500000 | <sup>CAD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 9/1/34 | 383421 |
|  |  | Total Canada | 2032499 |
| **Chile - 0.1%** | **Chile - 0.1%** | **Chile - 0.1%** | **Chile - 0.1%** |
| $200000 |  | Chile Government International Bonds, 4.850% due 1/22/29 | 201650 |
| **China - 0.4%** | **China - 0.4%** | **China - 0.4%** | **China - 0.4%** |
| 4090000 | <sup>CNY</sup> | China Government Bonds, 3.190% due 4/15/53 | 710820 |
| **France - 5.5%** | **France - 5.5%** | **France - 5.5%** | **France - 5.5%** |
|  |  | French Republic Government Bonds OAT: |  |
| 6000000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 2/25/30(c) | 6907155 |
| 2100000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 5/25/48(c) | 1743479 |
| 1000000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 6/25/49(c) | 996263 |
| 50000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.750% due 5/25/52(c) | 27636 |
| 200000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.500% due 5/25/72(c) | 66830 |
|  |  | Total France | 9741363 |
| **Hungary - 0.1%** | **Hungary - 0.1%** | **Hungary - 0.1%** | **Hungary - 0.1%** |
| 200000 |  | Hungary Government International Bonds, 6.250% due 9/22/32(c) | 207262 |
| **Israel - 1.0%** | **Israel - 1.0%** | **Israel - 1.0%** | **Israel - 1.0%** |
|  |  | Israel Government International Bonds: |  |
| 300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 3/12/29 | 304253 |
| 900000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 2/19/30 | 907727 |
| 300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 3/12/34 | 297354 |
| 300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.750% due 3/12/54 | 266548 |
|  |  | Total Israel | 1775882 |
| **Italy - 0.3%** | **Italy - 0.3%** | **Italy - 0.3%** | **Italy - 0.3%** |
| 400000 | <sup>GBP</sup> | Republic of Italy Government International Bonds, 6.000% due 8/4/28 | 556400 |
| **Japan - 10.6%** | **Japan - 10.6%** | **Japan - 10.6%** | **Japan - 10.6%** |
| 50000000 | <sup>JPY</sup> | Japan Government Five Year Bonds, 0.400% due 6/20/29 | 340059 |
| 120000000 | <sup>JPY</sup> | Japan Government Forty Year Bonds, 2.200% due 3/20/64 | 669254 |
|  |  | Japan Government Thirty Year Bonds: |  |
| 210000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.700% due 9/20/44 | 1305887 |
| 280000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.400% due 9/20/45 | 1624619 |
| 152000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.500% due 9/20/46 | 709749 |
| 98000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.700% due 12/20/48 | 454128 |
| 360000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.500% due 3/20/49 | 1570703 |
| 125000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.700% due 6/20/51 | 538550 |
| 180000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.700% due 12/20/51 | 763910 |
| 152000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.800% due 3/20/54 | 838386 |
| 202000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.200% due 6/20/54 | 1221767 |
| 244000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.300% due 12/20/54 | 1509126 |
| 63000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.400% due 3/20/55 | 398951 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** |
| **Japan - 10.6% - (continued)** | **Japan - 10.6% - (continued)** | **Japan - 10.6% - (continued)** | **Japan - 10.6% - (continued)** |
|  |  | Japan Government Twenty Year Bonds: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.200% due 9/20/35 | $879732 |
| 200000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 12/20/35 | 1311422 |
| 20000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.400% due 3/20/36 | 122286 |
| 80000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 9/20/43 | 487565 |
| 130000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.800% due 9/20/44 | 822587 |
| 180000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 12/20/44 | 1174605 |
| 74000000 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.400% due 3/20/45 | 513746 |
|  |  | Japanese Government CPI Linked Bonds: |  |
| 164459190 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 3/10/28 | 1186932 |
| 52219350 | <sup>JPY</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 3/10/29 | 376763 |
|  |  | Total Japan | 18820727 |
| **Malaysia - 1.9%** | **Malaysia - 1.9%** | **Malaysia - 1.9%** | **Malaysia - 1.9%** |
|  |  | Malaysia Government Bonds: |  |
| 12523000 | <sup>MYR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.519% due 4/20/28 | 2970478 |
| 900000 | <sup>MYR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.632% due 4/15/31 | 203464 |
| 160000 | <sup>MYR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.582% due 7/15/32 | 38029 |
| 860000 | <sup>MYR</sup> | Malaysia Government Investment Issues, 4.193% due 10/7/32 | 211376 |
|  |  | Total Malaysia | 3423347 |
| **Peru - 0.8%** | **Peru - 0.8%** | **Peru - 0.8%** | **Peru - 0.8%** |
| 900000 | <sup>PEN</sup> | Peru Government Bonds, 7.600% due 8/12/39(c) | 256065 |
|  |  | Peruvian Government International Bonds: |  |
| 2900000 | <sup>PEN</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 6.950% due 8/12/31 | 871152 |
| 1400000 | <sup>PEN</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.400% due 8/12/34 | 357710 |
|  |  | Total Peru | 1484927 |
| **Poland - 0.6%** | **Poland - 0.6%** | **Poland - 0.6%** | **Poland - 0.6%** |
|  |  | Poland Government International Bonds: |  |
| $200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 3/18/29 | 201506 |
| 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 2/12/30 | 101157 |
| 200000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 2/14/33 | 237837 |
| 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 10/4/33 | 98131 |
| 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 9/18/34 | 99116 |
| 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.375% due 2/12/35 | 100090 |
| 100000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 2/14/43 | 114094 |
| 100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 4/4/53 | 91165 |
|  |  | Total Poland | 1043096 |
| **Romania - 0.7%** | **Romania - 0.7%** | **Romania - 0.7%** | **Romania - 0.7%** |
|  |  | Romanian Government International Bonds: |  |
| 600000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 6.625% due 9/27/29 | 729321 |
| 200000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 7/13/30(c) | 192260 |
| 100000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 4/14/33(c) | 85681 |
| 50000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 4/14/41(c) | 35319 |
| 200000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.875% due 4/13/42(c) | 141530 |
|  |  | Total Romania | 1184111 |
| **Saudi Arabia - 1.1%** | **Saudi Arabia - 1.1%** | **Saudi Arabia - 1.1%** | **Saudi Arabia - 1.1%** |
|  |  | Saudi Government International Bonds: | Saudi Government International Bonds: |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 1/13/28(c) | 406583 |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.750% due 1/18/28(c) | 401322 |
| 500000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 3/5/32(c) | 567133 |
| 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 7/18/33(c) | 495785 |
|  |  | Total Saudi Arabia | 1870823 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** | **SOVEREIGN BONDS - 41.1% - (continued)** |
| **Serbia - 0.1%** | **Serbia - 0.1%** | **Serbia - 0.1%** | **Serbia - 0.1%** |
|  |  | Serbia International Bonds: |  |
| 100000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 9/23/28(c) | $103989 |
| 100000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.650% due 3/3/33(c) | 92049 |
|  |  | Total Serbia | 196038 |
| **Singapore - 1.1%** | **Singapore - 1.1%** | **Singapore - 1.1%** | **Singapore - 1.1%** |
|  |  | Singapore Government Bonds: |  |
| 920000 | <sup>SGD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.750% due 3/1/35 | 734006 |
| 47000 | <sup>SGD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 7/1/39 | 35853 |
| 1269000 | <sup>SGD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 6/1/54 | 1124019 |
|  |  | Total Singapore | 1893878 |
| **South Africa - 0.8%** | **South Africa - 0.8%** | **South Africa - 0.8%** | **South Africa - 0.8%** |
|  |  | South Africa Government Bonds: |  |
| 8800000 | <sup>ZAR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 8.000% due 1/31/30 | 477073 |
| 18200000 | <sup>ZAR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 8.875% due 2/28/35 | 935833 |
|  |  | Total South Africa | 1412906 |
| **South Korea - 0.2%** | **South Korea - 0.2%** | **South Korea - 0.2%** | **South Korea - 0.2%** |
| $400000 |  | Korea National Oil Corp., 4.250% due 9/30/29(c) | 395005 |
| **Spain - 8.6%** | **Spain - 8.6%** | **Spain - 8.6%** | **Spain - 8.6%** |
| 100000 | <sup>EUR</sup> | Autonomous Community of Catalonia, 4.220% due 4/26/35 | 117564 |
|  |  | Spain Government Bonds: |  |
| 900000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 5/31/27 | 1032884 |
| 400000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.450% due 10/31/27(c) | 448657 |
| 1500000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.400% due 7/30/28(c) | 1666203 |
| 450000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.450% due 4/30/29(c) | 495982 |
| 1500000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.700% due 1/31/30 | 1726506 |
| 400000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.700% due 4/30/32(c) | 397241 |
| 2100000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.550% due 10/31/32(c) | 2348285 |
| 2300000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.550% due 10/31/33(c) | 2732535 |
| 2760000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 4/30/35(c) | 3146716 |
| 400000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.850% due 7/30/35(c) | 404921 |
| 500000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.900% due 10/31/52(c) | 380201 |
| 700000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.450% due 10/31/71(c) | 376607 |
|  |  | Total Spain | 15274302 |
| **United Kingdom - 2.7%** | **United Kingdom - 2.7%** | **United Kingdom - 2.7%** | **United Kingdom - 2.7%** |
|  |  | United Kingdom Gilts: | United Kingdom Gilts: |
| 1350000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.250% due 1/22/44 | 1386862 |
| 700000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 1/22/45 | 738877 |
| 500000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 1/22/49 | 354331 |
| 1400000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.625% due 10/22/50 | 684333 |
| 1300000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 7/31/51 | 751983 |
| 500000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 7/31/54 | 573681 |
| 500000 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 10/22/73 | 216737 |
|  |  | Total United Kingdom | 4706804 |
|  |  | **TOTAL SOVEREIGN BONDS**<br> (Cost - $86,884,833) | **72842473** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9%** |
| **Asset-Backed Securities - 7.9%** | **Asset-Backed Securities - 7.9%** | **Asset-Backed Securities - 7.9%** | **Asset-Backed Securities - 7.9%** |
| 278189 |  | ACE Securities Corp. Home Equity Loan Trust, Series 2005-HE5, Class M4, 5.339%<br>(1-Month Term SOFR + 1.014%) due 8/25/35(a) | 273493 |
| 316827 |  | Argent Mortgage Loan Trust, Series 2005-W1, Class A1, 4.919%<br>(1-Month Term SOFR + 0.594%) due 5/25/35(a) | 282763 |
| 500000 |  | Bain Capital Credit CLO Ltd., Series 2020-2A, Class ARR, 5.509%<br>(3-Month Term SOFR + 1.240%) due 7/19/34(a)(c) | 500453 |
| 124808 |  | Bayview Financial Asset Trust, Series 2007-SR1A, Class A, 4.889%<br>(1-Month Term SOFR + 0.564%) due 3/25/37(a)(c) | 125007 |
| 286607 |  | BlueMountain CLO Ltd., Series 2016-3A, Class A1R2, 5.526%<br>(3-Month Term SOFR + 1.200%) due 11/15/30(a)(c) | 286696 |
| 299629 | <sup>EUR</sup> | BNPP AM Euro CLO DAC, Series 2019-1A, Class AR, 3.056%<br>(3-Month EURIBOR + 0.820%) due 7/22/32(a)(c) | 338293 |
| 178769 | <sup>EUR</sup> | Cairn CLO VII DAC, Series 2016-7A, Class A1R, 2.856%<br>(3-Month EURIBOR + 0.670%) due 1/31/30(a)(c) | 202576 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** |
| **Asset-Backed Securities - 7.9% - (continued)** | **Asset-Backed Securities - 7.9% - (continued)** | **Asset-Backed Securities - 7.9% - (continued)** | **Asset-Backed Securities - 7.9% - (continued)** |
| 182122 | <sup>EUR</sup> | Cairn CLO X DAC, Series 2018-10A, Class AR, 3.059%<br>(3-Month EURIBOR + 0.780%) due 10/15/31(a)(c) | $206524 |
| $600000 |  | Carlyle Global Market Strategies CLO Ltd., Series 2016-3A, Class ARRR, 5.359%<br>(3-Month Term SOFR + 1.090%) due 7/20/34(a)(c) | 598508 |
| 535441 |  | CarVal CLO I Ltd., Series 2018-1A, Class AR, 5.491%<br>(3-Month Term SOFR + 1.230%) due 7/16/31(a)(c) | 535170 |
| 123207 |  | CIFC Funding Ltd., Series 2017-4A, Class A1R, 5.487%<br>(3-Month Term SOFR + 1.212%) due 10/24/30(a)(c) | 123293 |
|  |  | Countrywide Asset-Backed Certificates: |  |
| 204381 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-9, Class 2A4, 4.689% (1-Month Term SOFR + 0.364%) due 2/25/36(a) | 196833 |
| 34062 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-12, Class 1A1, 5.179% (1-Month Term SOFR + 0.854%) due 8/25/47(a) | 33229 |
| 235112 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-13, Class 1A, 5.279% (1-Month Term SOFR + 0.954%) due 10/25/47(a) | 230028 |
| 122671 |  | CSAB Mortgage-Backed Trust, Series 2006-4, Class A6A, step bond to yield,<br>6.184% due 12/25/36 | 19121 |
| 191524 | <sup>EUR</sup> | CVC Cordatus Loan Fund XI DAC, Series 11A, Class AR, 2.929%<br>(3-Month EURIBOR + 0.650%) due 10/15/31(a)(c) | 216995 |
| 490563 | <sup>EUR</sup> | CVC Cordatus Opportunity Loan Fund DAC, Series 1A, Class AR, 2.983%<br>(3-Month EURIBOR + 0.840%) due 8/15/33(a)(c) | 553072 |
| 226359 | <sup>EUR</sup> | Dryden 27 Euro CLO DAC, Series 2017-27A, Class AR, 2.939%<br>(3-Month EURIBOR + 0.660%) due 4/15/33(a)(c) | 255983 |
| 600000 |  | Dryden 43 Senior Loan Fund, Series 2016-43A, Class AR3, 5.339%<br>(3-Month Term SOFR + 1.070%) due 4/20/34(a)(c) | 598118 |
| 158589 |  | Dryden 55 CLO Ltd., Series 2018-55A, Class A1, 5.538%<br>(3-Month Term SOFR + 1.282%) due 4/15/31(a)(c) | 158886 |
| 500000 |  | Elevation CLO Ltd., Series 2018-3A, Class A1R2, 5.582%<br>(3-Month Term SOFR + 1.300%) due 1/25/35(a)(c) | 500227 |
| 280598 |  | Ellington Loan Acquisition Trust, Series 2007-2, Class A1, 5.489%<br>(1-Month Term SOFR + 1.164%) due 5/25/37(a)(c) | 274868 |
| 7142 |  | Galaxy XV CLO Ltd., Series 2013-15A, Class ARR, 5.488%<br>(3-Month Term SOFR + 1.232%) due 10/15/30(a)(c) | 7145 |
| 376600 |  | Gallatin CLO VIII Ltd., Series 2017-1A, Class A1R, 5.608%<br>(3-Month Term SOFR + 1.352%) due 7/15/31(a)(c) | 376785 |
| 500000 | <sup>EUR</sup> | Grosvenor Place CLO DAC, Series 2024-2A, Class A, 3.845%<br>(3-Month EURIBOR + 1.240%) due 1/15/39(a)(c) | 568232 |
| 500000 | <sup>EUR</sup> | Hayfin Emerald CLO XII DAC, Series 12-A, Class A, 3.898%<br>(3-Month EURIBOR + 1.740%) due 1/25/37(a)(c) | 568775 |
| 900000 | <sup>EUR</sup> | Hayfin Emerald CLO XIV DAC, Series 14-A, Class A, 3.914%<br>(3-Month EURIBOR + 1.210%) due 1/22/39(a)(c) | 1021410 |
| 500000 |  | ICG US CLO Ltd., Series 2021-3A, Class AR, 5.419%<br>(3-Month Term SOFR + 1.150%) due 10/20/34(a)(c) | 498361 |
| 700000 |  | Jamestown CLO XVI Ltd., Series 2021-16A, Class AR, 5.402%<br>(3-Month Term SOFR + 1.120%) due 7/25/34(a)(c) | 700845 |
| 387454 |  | Northwoods Capital XII-B Ltd., Series 2018-12BA, Class AR, 5.489%<br>(3-Month Term SOFR + 1.190%) due 6/15/31(a)(c) | 387269 |
| 400000 |  | NovaStar Mortgage Funding Trust, Series 2006-1, Class A2D, 4.979%<br>(1-Month Term SOFR + 0.654%) due 5/25/36(a) | 386200 |
| 46907 |  | Option One Mortgage Loan Trust, Series 2007-CP1, Class 1A1, 4.579%<br>(1-Month Term SOFR + 0.254%) due 3/25/37(a) | 42753 |
| 270182 |  | OZLM IX Ltd., Series 2014-9A, Class A1A4, 5.469%<br>(3-Month Term SOFR + 1.200%) due 10/20/31(a)(c) | 270257 |
| 500000 | <sup>EUR</sup> | Providus CLO II DAC, Series 2A, Class ARR, 3.439%<br>(3-Month EURIBOR + 1.160%) due 10/15/38(a)(c) | 568815 |
| 600000 | <sup>EUR</sup> | Rockford Tower Europe CLO DAC, Series 2018-1A, Class AR, 3.561%<br>(3-Month EURIBOR + 1.370%) due 4/24/37(a)(c) | 682001 |
| 841221 |  | Soundview Home Loan Trust, Series 2006-3, Class A4, 4.939%<br>(1-Month Term SOFR + 0.614%) due 11/25/36(a) | 794522 |
| 48144 | 1 <sup>EUR</sup> | St Pauls CLO, Series 11A, Class AR, 3.113%<br>(3-Month EURIBOR + 0.850%) due 1/17/32(a)(c) | 544216 |
| 41717 |  | Voya CLO Ltd., Series 2017-1A, Class A1R, 5.491%<br>(3-Month Term SOFR + 1.212%) due 4/17/30(a)(c) | 41738 |
| 14539 |  | Wind River CLO Ltd., Series 2014-1A, Class ARR, 5.581%<br>(3-Month Term SOFR + 1.312%) due 7/18/31(a)(c) | 14560 |
|  |  | Total Asset-Backed Securities | 13984020 |
| **Mortgage Securities - 9.0%** | **Mortgage Securities - 9.0%** | **Mortgage Securities - 9.0%** | **Mortgage Securities - 9.0%** |
| 156288 | <sup>GBP</sup> | ALBA PLC, Series 2007-1, Class A3, 4.682% (Sterling Overnight Index Average + 0.289%)<br>due 3/17/39(a) | 206877 |
| 231630 |  | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL1, Class A, 5.782%<br>(30-Day Average SOFR + 1.450%) due 1/15/37(a)(c) | 231907 |
| 4360 |  | Banc of America Funding Trust, Series 2006-A, Class 1A1, 6.421% due 2/20/36(a) | 4141 |
| 205821 |  | BDS Ltd., Series 2021-FL10, Class A, 5.791% (1-Month Term SOFR + 1.464%)<br>due 12/16/36(a)(c) | 206069 |
|  |  | Bear Stearns Adjustable Rate Mortgage Trust: |  |
| 1373 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-5, Class 1A2, 5.031% due 8/25/33(a) | 1324 |
| 1336 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-7, Class 6A, 6.348% due 10/25/33(a) | 1289 |
| 4512 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-2, Class 22A, 6.974% due 5/25/34(a) | 4366 |
| 1441 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-2, Class 23A, 4.000% due 5/25/34(a) | 1302 |
| 26099 |  | Bear Stearns Structured Products Inc. Trust, Series 2007-R6, Class 1A1,<br>5.063% due 1/26/36(a) | 18583 |
| 358066 |  | BIG Commercial Mortgage Trust, Series 2022-BIG, Class A, 5.671%<br>(1-Month Term SOFR + 1.342%) due 2/15/39(a)(c) | 357416 |
|  |  | Countrywide Alternative Loan Trust: |  |
| 2964 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-21CB, Class A3, 5.250% due 6/25/35 | 2198 |
| 16578 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-16CB, Class 5A1, 6.250% due 8/25/37 | 7622 |
| 32787 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-11T1, Class A12, 4.789% (1-Month Term SOFR + 0.464%) due 5/25/37(a) | 10160 |
| 25464 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-7T2, Class A9, 6.000% due 4/25/37 | 11311 |
|  |  | Countrywide Home Loan Mortgage Pass-Through Trust: |  |
| 33786 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-2, Class 1A1, 5.079% (1-Month Term SOFR + 0.754%) due 3/25/35(a) | 31127 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face**<br> **Amount/Units†** | | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** |
| **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** |
| $1195 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-3, Class 2A1, 5.019% (1-Month Term SOFR + 0.694%) due 4/25/35(a) | $1125 |
| 33984 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-9, Class 1A3, 4.899% (1-Month Term SOFR + 0.574%) due 5/25/35(a) | 29711 |
| 11218 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-11, Class 3A1, 3.661% due 4/25/35(a) | 8984 |
| 5536 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-HYB9, Class 3A2A, 6.662% (1-Year Term SOFR + 2.465%) due 2/20/36(a) | 4798 |
| 490115 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-4, Class 1A47, 6.000% due 5/25/37 | 212550 |
| 91937 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-19, Class 2A1, 6.500% due 11/25/47 | 43605 |
|  |  | Credit Suisse Commercial Mortgage Capital Trust: |  |
| 34400 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-5R, Class A5, 6.500% due 7/26/36 | 7282 |
| 70993 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A3, 2.500% due 7/25/56(a)(c) | 57061 |
| 341191 |  | Deutsche Alternative-A Securities Mortgage Loan Trust, Series 2007-3, Class 2A1, 5.939% (1-Month Term SOFR + 1.614%) due 10/25/47(a) | 261702 |
| 27359 | <sup>GBP</sup> | Eurohome UK Mortgages PLC, Series 2007-1, Class A, 4.662%<br>(Sterling Overnight Index Average + 0.269%) due 6/15/44(a) | 36719 |
| 126715 | <sup>GBP</sup> | Eurosail-UK PLC, Series 2007-4X, Class A3, 5.472% (Sterling Overnight Index Average + 1.069%) due 6/13/45(a) | 170538 |
| 343091 |  | Extended Stay America Trust, Series 2021-ESH, Class A, 5.523% (1-Month Term SOFR + 1.194%) due 7/15/38(a)(c) | 343296 |
|  |  | Federal Home Loan Mortgage Corp. (FHLMC), REMICS: |  |
| 3390 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2391, Class FJ, 4.947% (30-Day Average SOFR + 0.614%) due 4/15/28(a) | 3386 |
| 14914 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2614, Class SJ, 7.434% (19.348% - 2.750% x 30-Day Average SOFR) due 5/15/33(d) | 16448 |
| 51396 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 4579, Class FD, 4.800% (30-Day Average SOFR + 0.464%) due 1/15/38(a) | 50732 |
| 51396 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 4579, Class SD, 2.134% due 1/15/38(a)(e) | 2601 |
| 862250 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 5513, Class MF, 5.262% (30-Day Average SOFR + 0.940%) due 11/25/54(a) | 860046 |
|  |  | Federal Home Loan Mortgage Corp. (FHLMC), Structured Pass-Through Certificates: |  |
| 6075 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series T-35, Class A, 4.716% (30-Day Average SOFR + 0.394%) due 9/25/31(a) | 6049 |
| 14060 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series T-62, Class 1A1, 5.697% (1-Year Treasury Average Rate + 1.200%) due 10/25/44(a) | 12855 |
| 3237 |  | Federal National Mortgage Association (FNMA), Grantor Trust, Series 2004-T3, Class 1A1, 6.000% due 2/25/44 | 3237 |
| 19626 |  | Federal National Mortgage Association (FNMA), REMIC Trust, Series 2004-W12, Class 1A1, 6.000% due 7/25/44 | 20272 |
|  |  | Federal National Mortgage Association (FNMA), REMICS: |  |
| 3179 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-34, Class A1, 6.000% due 4/25/43 | 3201 |
| 3522 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-48, Class TF, 4.836% (30-Day Average SOFR + 0.514%) due 6/25/36(a) | 3486 |
| 39406 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2009-104, Class FA, 5.236% (30-Day Average SOFR + 0.914%) due 12/25/39(a) | 39473 |
| 933439 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-90, Class FA, 5.822% (30-Day Average SOFR + 1.500%) due 12/25/54(a) | 936754 |
| 461876 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6, Class GF, 5.722% (30-Day Average SOFR + 1.400%) due 2/25/55(a) | 462094 |
| 4591 |  | FORT CRE Issuer LLC, Series 2022-FL3, Class A, 6.174% (30-Day Average SOFR + 1.850%) due 2/23/39(a)(c) | 4587 |
| 796503 |  | GCAT Trust, Series 2023-NQM4, Class A1, 4.250% due 5/25/67(a)(c) | 749387 |
| 6677 |  | GMACM Mortgage Loan Trust, Series 2005-AR6, Class 3A1, 3.847% due 11/19/35(a) | 5784 |
|  |  | Government National Mortgage Association (GNMA): | Government National Mortgage Association (GNMA): |
| 68955 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-H15, Class FA, 5.233% (1-Month Term SOFR + 0.914%) due 7/20/66(a) | 69193 |
| 2636 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-121, Class PE, 3.000% due 7/20/46 | 2579 |
| 484477 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-H07, Class JF, 5.118% (30-Day Average SOFR + 0.790%) due 4/20/74(a) | 483569 |
| 740650 |  | GS Mortgage-Backed Securities Corp. Trust, Series 2022-PJ4, Class A4, 2.500%<br>due 9/25/52(a)(c) | 592066 |
|  |  | GS Mortgage-Backed Securities Trust: | GS Mortgage-Backed Securities Trust: |
| 75313 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-GR3, Class A2, 2.500% due 4/25/52(a)(c) | 60343 |
| 76512 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A2, 2.500% due 12/25/51(a)(c) | 61163 |
|  |  | GSR Mortgage Loan Trust: | GSR Mortgage Loan Trust: |
| 1330 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-1, Class A2, 5.880% (1-Year CMT Index + 1.750%) due 3/25/33(a) | 1323 |
| 28589 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-AR7, Class 2A1, 4.988% due 11/25/35(a) | 27591 |
|  |  | Harborview Mortgage Loan Trust: | Harborview Mortgage Loan Trust: |
| 8491 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-2, Class 2A1A, 4.881% (1-Month Term SOFR + 0.554%) due 5/19/35(a) | 8127 |
| 12176 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-3, Class 2A1A, 4.921% (1-Month Term SOFR + 0.594%) due 6/19/35(a) | 11868 |
| 38780 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-SB1, Class A1A, 5.347% (1-Year Treasury Average Rate + 0.850%)<br>due 12/19/36(a) | 34660 |
| 53260 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-1, Class 2A1A, 4.701% (1-Month Term SOFR + 0.374%) due 3/19/37(a) | 49092 |
|  |  | JP Morgan Mortgage Trust: | JP Morgan Mortgage Trust: |
| 595 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-A2, Class 3A1, 5.955% due 11/25/33(a) | 576 |
| 400 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-A1, Class 6T1, 6.048% due 2/25/35(a) | 379 |
| 308592 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-10, Class A3, 2.500% due 12/25/51(a)(c) | 246973 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** |
| **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892452 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-INV4, Class A2, 3.000% due 1/25/52(a)(c) | $747418 |
| 746056 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-INV8, Class A2, 3.000% due 5/25/52(a)(c) | 626677 |
| 564545 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-INV1, Class A3, 3.000% due 3/25/52(a)(c) | 472447 |
| 728519 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-LTV2, Class A3, 3.500% due 9/25/52(a)(c) | 631539 |
| 246274 | <sup>GBP</sup> | Ludgate Funding PLC, Series 2007-1, Class A2A, 4.632% (Sterling Overnight Index Average + 0.279%) due 1/1/61(a) | 325582 |
| 300000 |  | Manhattan West Mortgage Trust, Series 2020-1MW, Class A, 2.130% due 9/10/39(c) | 281682 |
| 1547 |  | Merrill Lynch Mortgage Investors Trust, Series 2003-A2, Class 1A1, 6.248% due 2/25/33(a) | 1436 |
|  |  | MFA Trust: |  |
| 73356 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-NQM2, Class A1, 1.381% due 4/25/65(a)(c) | 70883 |
| 344960 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-NQM4, Class A1, step bond to yield, 6.105% due 12/25/68(c) | 346492 |
|  |  | New Residential Mortgage Loan Trust: |  |
| 126772 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-RPL3, Class A1, 2.750% due 7/25/59(a)(c) | 121338 |
| 135265 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-RPL1, Class A1, 2.750% due 11/25/59(a)(c) | 129309 |
| 286693 | <sup>GBP</sup> | Newgate Funding PLC, Series 2007-1X, Class A3, 4.511% (Sterling Overnight Index Average + 0.279%) due 12/1/50(a) | 378734 |
| 400000 |  | NYO Commercial Mortgage Trust, Series 2021-1290, Class A, 5.538%<br>(1-Month Term SOFR + 1.209%) due 11/15/38(a)(c) | 398494 |
| 874611 |  | OBX Trust, Series 2024-HYB1, Class A1, 3.644% due 3/25/53(a)(c) | 861310 |
| 300000 |  | One New York Plaza Trust, Series 2020-1NYP, Class A, 5.393%<br>(1-Month Term SOFR + 1.064%) due 1/15/36(a)(c) | 291435 |
| 223760 |  | PRET LLC, Series 2021-RN3, Class A1, step bond to yield, 4.843% due 9/25/51(c) | 222894 |
| 373480 |  | PRKCM Trust, Series 2023-AFC4, Class A1, step bond to yield, 7.225% due 11/25/58(c) | 379104 |
| 389179 |  | PRPM Trust, Series 2023-NQM3, Class A1, step bond to yield, 6.221% due 11/25/68(c) | 391196 |
|  |  | RALI Trust: |  |
| 65687 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-QS6, Class 1A1, 6.000% due 6/25/36 | 53335 |
| 40184 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-QO2, Class A1, 4.589% (1-Month Term SOFR + 0.264%) due 2/25/47(a) | 12249 |
|  |  | Residential Asset Securitization Trust: |  |
| 13321 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-A15, Class 5A1, 5.750% due 2/25/36 | 4443 |
| 36529 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-R1, Class A2, 4.839% (1-Month Term SOFR + 0.514%) due 1/25/46(a) | 10306 |
| 122176 | <sup>GBP</sup> | ResLoC UK PLC, Series 2007-1X, Class A3B, 4.673% (Sterling Overnight Index Average + 0.279%) due 12/15/43(a) | 161931 |
|  |  | RMAC Securities No 1 PLC: |  |
| 236373 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-NS3X, Class A2A, 4.675% (Sterling Overnight Index Average + 0.269%)<br>due 6/12/44(a) | 312236 |
| 123145 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-NS1X, Class A2A, 4.675% (Sterling Overnight Index Average + 0.269%)<br>due 6/12/44(a) | 163346 |
|  |  | Structured Adjustable Rate Mortgage Loan Trust: |  |
| 1358 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-1, Class 4A1, 6.526% due 2/25/34(a) | 1323 |
| 473 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-4, Class 3A2, 6.177% due 4/25/34(a) | 468 |
| 18514 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-19, Class 2A1, 5.897% (1-Year Treasury Average Rate + 1.400%) due 1/25/35(a) | 16653 |
|  |  | Structured Asset Mortgage Investments II Trust: |  |
| 18094 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-AR2, Class 2A1, 4.899% (1-Month Term SOFR + 0.574%) due 5/25/45(a) | 17068 |
| 19045 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-AR8, Class A1A, 4.999% (1-Month Term SOFR + 0.674%) due 2/25/36(a) | 15867 |
| 15721 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-AR5, Class 1A1, 4.859% (1-Month Term SOFR + 0.534%) due 5/25/36(a) | 10913 |
| 85413 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR4, Class A3, 4.879% (1-Month Term SOFR + 0.554%) due 9/25/47(a) | 75317 |
| 47725 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR6, Class A1, 5.997% (1-Year Treasury Average Rate + 1.500%) due 8/25/47(a) | 40038 |
| 41085 |  | Structured Asset Securities Corp., Series 2006-RF1, Class 1A, 4.719%<br>(1-Month Term SOFR + 0.394%) due 1/25/36(a)(c) | 34226 |
| 386290 | <sup>GBP</sup> | Towd Point Mortgage Funding Granite 6 PLC, Series 2024-GR6A, Class A1, 5.222% (Sterling Overnight Index Average + 0.925%) due 7/20/53(a)(c) | 521832 |
|  |  | Towd Point Mortgage Trust: |  |
| 417594 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-4, Class A1, 2.900% due 10/25/59(a)(c) | 399400 |
| 100379 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, 2.710% due 1/25/60(a)(c) | 96064 |
| 80454 |  | UWM Mortgage Trust, Series 2021-INV5, Class A12, 3.000% due 1/25/52(a)(c)<br>| 67246 |
|  |  | WaMu Mortgage Pass-Through Certificates Trust: |  |
| 3229 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2002-AR9, Class 1A, 5.897% (1-Year Treasury Average Rate + 1.400%) due 8/25/42(a) | 3119 |
| 891 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-AR5, Class A7, 5.785% due 6/25/33(a) | 893 |
| 29064 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2003-AR9, Class 2A, 6.637% due 9/25/33(a) | 28318 |
| 78733 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-AR1, Class A, 6.207% due 3/25/34(a) | 78947 |
| 10519 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-AR13, Class A1A1, 5.019% (1-Month Term SOFR + 0.694%) due 10/25/45(a) | 10514 |
| 18494 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-AR10, Class 2A1, 4.348% due 9/25/36(a) | 15724 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 16.9% - (continued)** |
| **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** | **Mortgage Securities - 9.0% - (continued)** |
| $30463 |  | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-AR13, Class 2A, 5.997% (1-Year Treasury Average Rate + 1.500%)<br>due 10/25/46(a) | $28412 |
| 14062 |  | Washington Mutual Mortgage Pass-Through Certificates WMALT Trust, Series 2006-AR5, Class 3A, 5.437% (1-Year Treasury Average Rate + 0.940%) due 7/25/46(a) | 8617 |
| 36095 |  | Washington Mutual MSC Mortgage Pass-Through Certificates Trust, Series 2002-AR3, Class 1A7, 6.227% due 12/25/32(a) | 35819 |
|  |  | Total Mortgage Securities | 16005551 |
|  |  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $31,194,039) | **29989571** |
| **CORPORATE BONDS & NOTES - 12.0%** | **CORPORATE BONDS & NOTES - 12.0%** | **CORPORATE BONDS & NOTES - 12.0%** | **CORPORATE BONDS & NOTES - 12.0%** |
| **Belgium - 0.1%** | **Belgium - 0.1%** | **Belgium - 0.1%** | **Belgium - 0.1%** |
| 200000 |  | KBC Group NV, Senior Unsecured Notes, 5.796% (1-Year CMT Index + 2.100%)<br>due 1/19/29(a)(c) | 205402 |
| **Canada - 1.2%** | **Canada - 1.2%** | **Canada - 1.2%** | **Canada - 1.2%** |
| 800000 |  | Canadian Imperial Bank of Commerce, Covered Notes, 4.876% due 1/14/30(c) | 820453 |
| 100000 | <sup>EUR</sup> | Fairfax Financial Holdings Ltd., Senior Unsecured Notes, 2.750% due 3/29/28 | 112234 |
| 400000 |  | Royal Bank of Canada, Senior Unsecured Notes, 4.969% (SOFR + 1.100%) due 8/2/30(a) | 402911 |
| 700000 |  | Toronto-Dominion Bank (The), Covered Notes, 4.814% due 7/16/27(c) | 708815 |
|  |  | Total Canada | 2044413 |
| **Cayman Islands - 0.1%** | **Cayman Islands - 0.1%** | **Cayman Islands - 0.1%** | **Cayman Islands - 0.1%** |
| 200000 |  | Sands China Ltd., Senior Unsecured Notes, 5.400% due 8/8/28 | 199416 |
| **Denmark - 0.4%** | **Denmark - 0.4%** | **Denmark - 0.4%** | **Denmark - 0.4%** |
| 600000 |  | Danske Bank AS, Senior Non-Preferred Notes, 4.613% (1-Year CMT Index + 1.100%) due 10/2/30(a)(c) | 593204 |
|  |  | Jyske Realkredit AS, Covered Notes: |  |
| 31740 | <sup>DKK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 10/1/50 | 3659 |
| 453912 | <sup>DKK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 10/1/53 | 56014 |
|  |  | Nordea Kredit Realkreditaktieselskab, Covered Notes: |  |
| 15 | <sup>DKK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 10/1/50 | 2 |
| 181070 | <sup>DKK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 10/1/53 | 22366 |
|  |  | Total Denmark | 675245 |
| **France - 0.7%** | **France - 0.7%** | **France - 0.7%** | **France - 0.7%** |
| 400000 |  | BPCE SA, Senior Non-Preferred Notes, 6.612% (SOFR + 1.980%) due 10/19/27(a)(c) | 409039 |
| 800000 |  | Credit Agricole SA, Senior Non-Preferred Notes, 5.862% (SOFR + 1.740%) due 1/9/36(a)(c) | 811781 |
|  |  | Total France | 1220820 |
| **Germany - 0.6%** | **Germany - 0.6%** | **Germany - 0.6%** | **Germany - 0.6%** |
|  |  | Deutsche Bank AG, Senior Non-Preferred Notes: |  |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.552% (SOFR + 1.318%) due 1/7/28(a) | 385548 |
| 700000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.999% (SOFR + 1.700%) due 9/11/30(a) | 696813 |
|  |  | Total Germany | 1082361 |
| **Italy - 0.1%** | **Italy - 0.1%** | **Italy - 0.1%** | **Italy - 0.1%** |
| 100000 | <sup>EUR</sup> | Banca Monte dei Paschi di Siena SpA, Covered Notes, 0.875% due 10/8/26 | 111955 |
| 100000 | <sup>EUR</sup> | Nexi SpA, Senior Unsecured Notes, 2.125% due 4/30/29 | 109417 |
|  |  | Total Italy | 221372 |
| **Japan - 0.2%** | **Japan - 0.2%** | **Japan - 0.2%** | **Japan - 0.2%** |
| 200000 |  | Nomura Holdings Inc., Senior Unsecured Notes, 2.329% due 1/22/27 | 192316 |
| 200000 |  | Sumitomo Mitsui Trust Bank Ltd., Senior Unsecured Notes, 5.200% due 3/7/29(c) | 203825 |
|  |  | Total Japan | 396141 |
| **Netherlands - 0.3%** | **Netherlands - 0.3%** | **Netherlands - 0.3%** | **Netherlands - 0.3%** |
| 400000 |  | ABN AMRO Bank NV, Senior Non-Preferred Notes, 6.575% (1-Year CMT Index + 1.550%)<br>due 10/13/26(a)(c) | 402442 |
| **Qatar - 0.1%** | **Qatar - 0.1%** | **Qatar - 0.1%** | **Qatar - 0.1%** |
| 200000 |  | QatarEnergy, Senior Unsecured Notes, 2.250% due 7/12/31(c) | 174400 |
| **Switzerland - 0.8%** | **Switzerland - 0.8%** | **Switzerland - 0.8%** | **Switzerland - 0.8%** |
|  |  | UBS Group AG, Senior Unsecured Notes: | UBS Group AG, Senior Unsecured Notes: |
| 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.282% due 1/9/28(c) | 247283 |
| 250000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.869% (3-Month USD-LIBOR + 1.410%) due 1/12/29(a)(c) | 244640 |
| 300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.194% (SOFR + 3.730%) due 4/1/31(a)(c) | 290634 |
| 600000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.537% (SOFR + 3.920%) due 8/12/33(a)(c) | 643727 |
|  |  | Total Switzerland | 1426284 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 12.0% - (continued)** | **CORPORATE BONDS & NOTES - 12.0% - (continued)** | **CORPORATE BONDS & NOTES - 12.0% - (continued)** | **CORPORATE BONDS & NOTES - 12.0% - (continued)** |
| **United Arab Emirates - 0.4%** | **United Arab Emirates - 0.4%** | **United Arab Emirates - 0.4%** | **United Arab Emirates - 0.4%** |
|  |  | Abu Dhabi Developmental Holding Co. PJSC, Senior Unsecured Notes: |  |
| $200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 5/6/30(c) | $197674 |
| 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 10/2/31(c) | 487631 |
|  |  | Total United Arab Emirates | 685305 |
| **United Kingdom - 2.0%** | **United Kingdom - 2.0%** | **United Kingdom - 2.0%** | **United Kingdom - 2.0%** |
|  |  | Barclays PLC, Senior Unsecured Notes: |  |
| 800000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.496% (SOFR + 1.880%) due 9/13/27(a) | 816881 |
| 400000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 4.918% (EUR Swap Rate + 1.750%) due 8/8/30(a) | 485379 |
| 200000 |  | HSBC Holdings PLC, Senior Unsecured Notes, 4.041% (3-Month Term SOFR + 1.808%)<br>due 3/13/28(a) | 197640 |
| 300000 |  | Lloyds Banking Group PLC, Senior Unsecured Notes, 5.721% (1-Year CMT Index + 1.070%)<br>due 6/5/30(a) | 309447 |
| 300000 |  | Nationwide Building Society, Senior Non-Preferred Notes, 2.972% (SOFR + 1.290%)<br>due 2/16/28(a)(c) | 291655 |
| 500000 |  | Santander UK Group Holdings PLC, Senior Unsecured Notes, 6.534% (SOFR + 2.600%)<br>due 1/10/29(a) | 518958 |
| 900000 |  | Standard Chartered PLC, Senior Unsecured Notes, 6.750% (1-Year CMT Index + 1.850%)<br>due 2/8/28(a)(c) | 926388 |
|  |  | Total United Kingdom | 3546348 |
| **United States - 5.0%** | **United States - 5.0%** | **United States - 5.0%** | **United States - 5.0%** |
|  |  | Athene Global Funding: |  |
| 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp; Secured Notes, 5.094% (SOFR + 0.750%) due 7/16/26(a)(c) | 501185 |
| 300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes, 5.516% due 3/25/27(c) | 304043 |
|  |  | Bank of America Corp., Senior Unsecured Notes: |  |
| 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.202% (SOFR + 1.630%) due 4/25/29(a) | 507923 |
| 700000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1.898% (SOFR + 1.530%) due 7/23/31(a) | 605574 |
| 600000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.511% (SOFR + 1.310%) due 1/24/36(a) | 603995 |
| 150000 |  | GA Global Funding Trust, Secured Notes, 2.250% due 1/6/27(c) | 144048 |
| 100000 |  | Goldman Sachs Bank USA, Senior Unsecured Notes, 5.283% (SOFR + 0.777%) due 3/18/27(a) | 100428 |
|  |  | Goldman Sachs Group Inc. (The), Senior Unsecured Notes: |  |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.484% (SOFR + 1.770%) due 10/24/29(a) | 421823 |
| 600000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.727% (SOFR + 1.265%) due 4/25/30(a) | 619919 |
| 500000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.851% (SOFR + 1.552%) due 4/25/35(a) | 513963 |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.330% (SOFR + 1.550%) due 7/23/35(a) | 396353 |
|  |  | JPMorgan Chase & Co., Senior Unsecured Notes: |  |
| 600000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.603% (SOFR + 1.040%) due 10/22/30(a) | 596524 |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.502% (SOFR + 1.315%) due 1/24/36(a) | 404388 |
| 1300000 |  | Lehman Brothers Holdings Inc., Senior Unsecured Notes, 0.000% due 5/25/49\*(f)(g) | 845 |
| 600000 |  | Lincoln Financial Global Funding, Secured Notes, 5.300% due 1/13/30(c) | 613059 |
| 200000 |  | Pacific Gas & Electric Co., 1st Mortgage Notes, 4.400% due 3/1/32 | 185917 |
| 200000 |  | PacifiCorp, 1st Mortgage Notes, 5.300% due 2/15/31 | 203182 |
|  |  | Philip Morris International Inc., Senior Unsecured Notes: | Philip Morris International Inc., Senior Unsecured Notes: |
| 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 2/13/29 | 202448 |
| 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.250% due 2/13/34 | 201145 |
| 600000 |  | PNC Financial Services Group Inc. (The), Senior Unsecured Notes, 5.575% (SOFR + 1.394%)<br>due 1/29/36(a) | 603513 |
|  |  | Wells Fargo & Co., Senior Unsecured Notes: | Wells Fargo & Co., Senior Unsecured Notes: |
| 600000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.808% (SOFR + 1.980%) due 7/25/28(a) | 601570 |
| 500000 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.900% (3-Month EURIBOR + 1.220%) due 7/22/32(a) | 583764 |
|  |  | Total United States | 8915609 |
|  |  | **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $21,017,547) | **21195558** |
| **U.S. GOVERNMENT OBLIGATIONS - 7.9%** | **U.S. GOVERNMENT OBLIGATIONS - 7.9%** | **U.S. GOVERNMENT OBLIGATIONS - 7.9%** | **U.S. GOVERNMENT OBLIGATIONS - 7.9%** |
|  |  | U.S. Treasury Bonds: | U.S. Treasury Bonds: |
| 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 11/15/40 | 124484 |
| 1100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 2/15/41(h) | 739342 |
| 975000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.125% due 8/15/44(h) | 874053 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS - 7.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 7.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 7.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 7.9% - (continued)** |
| $300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 2/15/48 | $217435 |
| 175000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 8/15/48 | 126205 |
| 800000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 11/15/48(h) | 617375 |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.250% due 8/15/49 | 244219 |
| 350000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 11/15/49 | 219187 |
| 3900000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 11/15/54(h) | 3631570 |
| 1900000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.625% due 2/15/55(h)(i) | 1807969 |
|  |  | U.S. Treasury Inflation Indexed Notes: |  |
| 269738 |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.375% due 7/15/25 | 269573 |
| 1296620 |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.500% due 1/15/28(j) | 1269338 |
| 1073979 |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 7/15/31(h) | 980033 |
| 807646 |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 1/15/32(h)(i) | 725253 |
| 110079 |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.625% due 7/15/32 | 101731 |
| 1503194 |  | &nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 1/15/33(h) | 1422806 |
|  |  | U.S. Treasury Notes: |  |
| 200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 2/29/28(i) | 200586 |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 5/15/34 | 400422 |
|  |  | **TOTAL U.S. GOVERNMENT OBLIGATIONS**<br> (Cost - $15,074,383) | **13971581** |
| **ASSET-BACKED SECURITIES - 0.1%** | **ASSET-BACKED SECURITIES - 0.1%** | **ASSET-BACKED SECURITIES - 0.1%** | **ASSET-BACKED SECURITIES - 0.1%** |
| **Student Loans - 0.1%** | **Student Loans - 0.1%** | **Student Loans - 0.1%** | **Student Loans - 0.1%** |
| 16636 |  | Massachusetts Educational Financing Authority, Series 2008-1, Class A1, 5.575%<br>(90-Day Average SOFR + 1.212%) due 4/25/38(a) | 16664 |
| 216165 |  | SMB Private Education Loan Trust, Series 2022-B, Class A1B, 5.782%<br>(30-Day Average SOFR + 1.450%) due 2/16/55(a)(c) | 217888 |
|  |  | **TOTAL ASSET-BACKED SECURITIES**<br> (Cost - $232,801) | **234552** |
| **MUNICIPAL BOND - 0.1%** | **MUNICIPAL BOND - 0.1%** | **MUNICIPAL BOND - 0.1%** | **MUNICIPAL BOND - 0.1%** |
| **Arizona - 0.1%** | **Arizona - 0.1%** | **Arizona - 0.1%** | **Arizona - 0.1%** |
| 200000 |  | Maricopa County Industrial Development Authorities, Revenue Bonds, 7.375% due 10/1/29(c) (Cost - $200,000) | **204955** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $228,932,951) | **212489228** |
| **SHORT-TERM INVESTMENTS - 3.4%** | **SHORT-TERM INVESTMENTS - 3.4%** | **SHORT-TERM INVESTMENTS - 3.4%** | **SHORT-TERM INVESTMENTS - 3.4%** |
| **COMMERCIAL PAPERS - 0.3%** | **COMMERCIAL PAPERS - 0.3%** | **COMMERCIAL PAPERS - 0.3%** | **COMMERCIAL PAPERS - 0.3%** |
| 250000 |  | AbbVie Inc., 4.612% due 6/10/25(c)(k) | 249744 |
| 250000 |  | Alimentation Couche-Tard Inc., 4.678% due 6/25/25(c)(k) | 249256 |
|  |  | **TOTAL COMMERCIAL PAPERS**<br> (Cost - $499,000) | **499000** |
| **TIME DEPOSITS - 2.9%** | **TIME DEPOSITS - 2.9%** | **TIME DEPOSITS - 2.9%** | **TIME DEPOSITS - 2.9%** |
| 84811 | <sup>AUD</sup> | ANZ National Bank - Hong Kong, 2.570% due 6/2/25 | 54673 |
|  |  | BBH - New York: |  |
| 1863 | <sup>DKK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.730% due 6/2/25 | 283 |
| 31377 | <sup>SEK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.070% due 6/2/25 | 3273 |
| 532364 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 604499 |
| 15110 | <sup>NZD</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/3/25 | 9029 |
| 1510 | <sup>NOK</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.230% due 6/2/25 | 148 |
| 833 | <sup>ZAR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 5.450% due 6/2/25 | 46 |
|  |  | Citibank - London: |  |
| 647517 | <sup>EUR</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.080% due 6/2/25 | 735256 |
| 233100 | <sup>GBP</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 3.170% due 6/2/25 | 314090 |
| 1332370 |  | Citibank - New York, 3.680% due 6/2/25 | 1332370 |
| 452 | <sup>HKD</sup> | HSBC Bank - Hong Kong, 0.000% due 6/2/25 | 58 |
| 133737 | <sup>SGD</sup> | HSBC Bank - Singapore, 0.640% due 6/2/25 | 103701 |
| 1830284 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 1830284 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **SHORT-TERM INVESTMENTS - 3.4% - (continued)** | **SHORT-TERM INVESTMENTS - 3.4% - (continued)** | **SHORT-TERM INVESTMENTS - 3.4% - (continued)** | **SHORT-TERM INVESTMENTS - 3.4% - (continued)** |
| **TIME DEPOSITS - 2.9% - (continued)** | **TIME DEPOSITS - 2.9% - (continued)** | **TIME DEPOSITS - 2.9% - (continued)** | **TIME DEPOSITS - 2.9% - (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169638 | <sup>CAD</sup> | Royal Bank of Canada - Toronto, 1.570% due 6/2/25 | $123611 |
| 1133 | <sup>CHF</sup> | Skandinaviska Enskilda Banken AB - Stockholm, 0.000% due 6/2/25 | 1377 |
| 6059372 | <sup>JPY</sup> | Sumitomo Mitsui Banking Corp. - Tokyo, 0.120% due 6/2/25 | 42110 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $5,154,808) | **5154808** |
| **U.S. GOVERNMENT OBLIGATIONS - 0.2%** | **U.S. GOVERNMENT OBLIGATIONS - 0.2%** | **U.S. GOVERNMENT OBLIGATIONS - 0.2%** | **U.S. GOVERNMENT OBLIGATIONS - 0.2%** |
|  |  | U.S. Treasury Bills: |  |
| $61000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.255% due 8/19/25(i)(k) | 60445 |
| 324000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.263% due 7/10/25(i)(k) | 322557 |
|  |  | **TOTAL U.S. GOVERNMENT OBLIGATIONS**<br> (Cost - $383,002) | **383002** |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $6,036,810) | **6036810** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES**<br> (Cost - $234,969,761) | **218526038** |
|  |  | **TOTAL INVESTMENTS IN PURCHASED OPTIONS - 0.0%**<br> (Cost - $17,390) | **2103** |
|  |  | **TOTAL INVESTMENTS - 123.2%**<br> (Cost - $234,987,151) | **218528141** |
|  |  | Liabilities in Excess of Other Assets - (23.2)% | (41124018) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**177404123** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

\* Non-income producing security.

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

(b) This security is traded on a TBA basis (see Note 1).

(c) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $58,015,474 and represents 33.1% of net assets.

(d) Inverse Floating Rate Security - interest rate fluctuates with an inverse relationship to an associated
interest rate. Indicated rate is the effective rate as of May 31, 2025.

(e) Interest only security.

(f) Illiquid security.

(g) Security is currently in default.

(h) Position, or portion thereof, has been segregated to collateralize reverse repurchase agreement.

(i) All or a portion of this security is held at the broker as collateral for open over-the-counter ("OTC") swap contracts.

(j) All or a portion of this security is held at the broker as collateral for open centrally cleared swap contract.

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

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, for International Fixed Income Fund the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For**<br>**Federal Income**<br>**Tax Purposes** | **Gross**<br>**Unrealized**<br>**Appreciation** | **Gross**<br>**Unrealized**<br>**(Depreciation)** | **Net**<br>**Unrealized**<br>**(Depreciation)** |
|  International Fixed Income Fund | $234987151 | $3816491 | $(22582254) | $(18765763) |

---

---

| | |
|:---|:---|
| **Abbreviations used in this schedule:** | **Abbreviations used in this schedule:** |
|  CLO | Collateralized Loan Obligation |
|  CMT | Constant Maturity Treasury Rate |
|  CPI | Consumer Price Index |
|  DAC | Designated Activity Company |
|  EURIBOR | Euro Interbank Offered Rate |
|  LIBOR | London Interbank Offered Rate |
|  LLC | Limited Liability Company |
|  OAT | Obligations assimilables du Trésor |
|  PAM | Paid at Maturity |
|  PJSC | Private Joint Stock Company |
|  PLC | Public Limited Company |
|  REMICS | Real Estate Mortgage Investment Conduits |
|  SOFR | Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
|  Mortgage-Backed Securities | 33.9% |
|  Sovereign Bonds | 33.3 |
|  Collateralized Mortgage Obligations | 13.7 |
|  Corporate Bonds & Notes | 9.7 |
|  U.S. Government Obligations | 6.4 |
|  Asset-Backed Securities | 0.1 |
|  Municipal Bond | 0.1 |
|  Purchased Options | 0.0 \* |
|  Short-Term Investments | 2.8 |
|  Total Investments | 100.0% |

---

---

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

---

\* Position represents less than 0.05%. 

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following Options Contracts Purchased:

**Currency Option** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Number of**<br> **Contracts** | **Security Name** | **Counterparty** | **Expiration<br>Date** | **Strike Price** | **Value** |
| 372000 9269488 <sup>CZK</sup> | OTC Euro vs Czech Koruna, Put | BOA | 3/11/26 | CZK 24.65 | $1818 |

---

**Interest Rate Swaptions** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of**<br> **Contracts** | **Notional<br>Amount†** | **Security Name** | **Counterparty** | **Expiration<br>Date** | **Exercise<br>Rate** | **Value** |
| 10400000 | $450320 | OTC 1-Year Swaption, SOFR, Put | BNP | 8/13/25 | 4.570% | $280 |
| 200000 | 8660 | OTC 1-Year Swaption, SOFR, Put | JPM | 8/13/25 | 4.570% | 5 |
|  |  | Total Interest Rate Swaptions |  |  |  | $285 |
|  |  | **TOTAL OPTIONS CONTRACTS PURCHASED**<br> (Cost — $17,390) |  |  |  | $**2103** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following Options Contracts Written:

**Interest Rate Swaptions** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of**<br>**Contracts** | **Notional<br>Amount†** | **Security Name** | **Counterparty** | **Expiration<br>Date** | **Exercise**<br>**Rate** | **Value** |
| 400000 | $17320 | OTC 5-Year Swaption, SOFR, Put | BCLY | 9/25/25 | 4.350% | $534 |
| 2700000 | 116910 | OTC 5-Year Swaption, SOFR, Put | BOA | 6/23/25 | 4.250% | 99 |
| 2300000 | 99590 | OTC 5-Year Swaption, SOFR, Put | DUB | 6/24/25 | 4.400% | 31 |
| 2700000 | 116910 | OTC 5-Year Swaption, SOFR, Put | DUB | 6/25/25 | 4.300% | 94 |
| 800000 | 34640 | OTC 5-Year Swaption, SOFR, Put | DUB | 6/25/25 | 4.280% | 32 |
| 800000 | 34640 | OTC 5-Year Swaption, SOFR, Put | DUB | 9/25/25 | 4.330% | 1131 |
| 400000 | 17320 | OTC 10-Year Swaption, SOFR, Put | BOA | 6/12/25 | 4.138% | 193 |
| 400000 | 17320 | OTC 10-Year Swaption, SOFR, Call | BOA | 6/12/25 | 3.738% | 1078 |
| 700000 | 30310 | OTC 10-Year Swaption, SOFR, Put | GSC | 6/20/25 | 4.130% | 830 |
| 700000 | 30310 | OTC 10-Year Swaption, SOFR, Call | GSC | 6/20/25 | 3.730% | 2737 |
| 700000 | 30310 | OTC 10-Year Swaption, SOFR, Put | GSC | 6/30/25 | 4.101% | 1539 |
| 700000 | 30310 | OTC 10-Year Swaption, SOFR, Call | GSC | 6/30/25 | 3.701% | 3042 |
|  |  | Total Interest Rate Swaptions |  |  |  | $11340 |

---

**Options on Futures** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of<br>Contracts** | **Notional<br>Amount†** | **Security Name** | **Counterparty** | **Expiration<br>Date** | **Strike<br>Price** | **Value** |
| 5 | $553438 | U.S. Treasury 10-Year Note Futures, Call | BNP | 6/20/25 | $111.50 | $1797 |
| 5 | 553438 | U.S. Treasury 10-Year Note Futures, Put | BNP | 6/20/25 | $108.50 | 391 |
|  |  | Total Options on Futures |  |  |  | $2188 |
|  |  | **TOTAL OPTIONS CONTRACTS WRITTEN**<br> (Premiums received — $103,753) |  |  |  | $**13528** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following Reverse Repurchase Agreements:

---

| | | | |
|:---|:---|:---|:---|
| **Face<br>Amount†** | | **Security** | **Value** |
| 911322 | <sup>EUR</sup> | Canadian Imperial Bank of Commerce, 2.280% due 6/11/25 | $1034805 |
|  |  | Deutsche Bank Securities Inc. |  |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1298500 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 6/3/25 | 1298500 |
| 1363250 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.410% due 6/5/25 | 1363250 |
| 1064250 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.420% due 6/5/25 | 1064250 |
| 894563 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.440% due 6/5/25 | 894563 |
| 1699274 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.450% due 6/5/25 | 1699274 |
| 3221750 |  | JPMorgan Chase & Co., 4.450% due 6/4/25 | 3221750 |
| 1365250 |  | Scotia Capital (USA) Inc., 4.440% due 6/9/25 | 1365250 |
|  |  | **TOTAL REVERSE REPURCHASE AGREEMENTS**<br> (Proceeds — $11,942,280) | $**11941642** |

---

For the period ended May 31, 2025, the daily average borrowing and interest rate under the reverse repurchase agreements were $8,155,878 and 4.504%, respectively.

† Amount denominated in U.S. dollars, unless otherwise noted.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following Forward Sale Commitments:

---

| | | |
|:---|:---|:---|
| **Face<br>Amount†** | **Security** | **Value** |
|  | Federal National Mortgage Association (FNMA): |  |
| $2100000 | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/1/40(a) | $1895936 |
| 17750000 | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/1/55(a) | 13784912 |
| 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 6/1/55(a) | 569842 |
| 1963000 | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 7/1/55(a) | 1849685 |
| 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 6/1/55(a) | 692857 |
|  | **TOTAL FORWARD SALE COMMITMENTS**<br> (Proceeds — $18,906,823) | $**18793232** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

(a) This security is traded on a TBA basis (see Note 1).

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

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

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of**<br> **Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Government 3-Year Bond Futures | 54 | 6/25 | $3700834 | $3743363 | $42529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada Government 10-Year Bond Futures | 72 | 9/25 | 6344592 | 6416964 | 72372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada Government 5-Year Bond Futures | 4 | 9/25 | 330455 | 332830 | 2375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-BTP Futures | 105 | 6/25 | 14297694 | 14444412 | 146718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-BTP Futures | 68 | 9/25 | 9308693 | 9322046 | 13353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Buxl 30-Year Bond Futures | 11 | 6/25 | 1585930 | 1518595 | (67335) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-OAT Futures | 63 | 6/25 | 8953463 | 8995715 | 42252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Schatz Note Futures | 53 | 6/25 | 6435969 | 6460184 | 24215 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 2-Year Note Futures | 26 | 9/25 | 5388500 | 5393375 | 4875 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 5-Year Note Futures | 127 | 9/25 | 13693180 | 13739813 | 46633 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 10-Year Note Futures | 28 | 9/25 | 3086344 | 3101000 | 14656 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Ultra Long Bond Futures | 68 | 9/25 | 7614938 | 7653188 | 38250 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom Treasury 10-Year Gilt Futures | 45 | 9/25 | 5520893 | 5546912 | 26019 |
|  |  |  |  |  | 406912 |
|  **Contracts to Sell:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Government 10-Year Bond Futures | 123 | 6/25 | 8925954 | 9050097 | (124143) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Bobl Futures | 28 | 6/25 | 3778569 | 3787937 | (9368) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Bund Futures | 47 | 6/25 | 6959332 | 7002481 | (43149) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan Government 10-Year Bond Futures | 18 | 6/25 | 17263470 | 17398937 | (135467) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Long Bond Futures | 1 | 9/25 | 112219 | 112781 | (562) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Ultra Long Bond Futures | 12 | 9/25 | 1363313 | 1392751 | (29438) |
|  |  |  |  |  | (342127) |
|  Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Appreciation on Open Exchange-Traded Futures Contracts | $64785 |

---

At May 31, 2025, International Fixed Income Fund had deposited cash of $1,779,000 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

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

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 288000 | USD | 184629 | BNP | $185660 | 6/3/25 | $1031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 5756956 | USD | 3712891 | WFB | 3711222 | 6/3/25 | (1669) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1691993 | USD | 296389 | BNP | 295886 | 6/3/25 | (503) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 283205 | USD | 50000 | BNP | 49525 | 6/3/25 | (475) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 340819 | USD | 60000 | BNP | 59600 | 6/3/25 | (400) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 2036357 | USD | 356711 | HSBC | 356106 | 6/3/25 | (605) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1299457 | USD | 220094 | JPM | 227241 | 6/3/25 | 7147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 3934666 | USD | 673675 | JPM | 688071 | 6/3/25 | 14396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 4916245 | USD | 830573 | SCB | 859724 | 6/3/25 | 29151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 8043316 | USD | 1406820 | WFB | 1397062 | 7/2/25 | (9758) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 6155976 | USD | 1078350 | WFB | 1076521 | 6/3/25 | (1829) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1834056 | USD | 315428 | WFB | 320729 | 6/3/25 | 5301 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 162000 | USD | 218195 | JPM | 218316 | 7/2/25 | 121 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 5549189 | USD | 7474758 | JPM | 7477251 | 6/3/25 | 2493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 682236 | USD | 492731 | HSBC | 497130 | 6/3/25 | 4399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 4541453 | USD | 3301674 | HSBC | 3309252 | 6/3/25 | 7578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 368000 | USD | 50422 | BCLY | 51129 | 6/18/25 | 707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1024000 | USD | 141673 | BCLY | 142985 | 8/20/25 | 1312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 437000 | USD | 60788 | BNP | 60716 | 6/18/25 | (72) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 108000 | USD | 15111 | BNP | 15081 | 8/20/25 | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 435000 | USD | 60261 | BNP | 60438 | 6/18/25 | 177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 459000 | USD | 63397 | BNP | 63773 | 6/18/25 | 376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 587000 | USD | 81132 | BNP | 81557 | 6/18/25 | 425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1455000 | USD | 201584 | BNP | 202156 | 6/18/25 | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 5502000 | USD | 767239 | BNP | 768264 | 8/20/25 | 1025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2995000 | USD | 416423 | BNP | 418203 | 8/20/25 | 1780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 10261000 | USD | 1430410 | BNP | 1432781 | 8/20/25 | 2371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 650000 | USD | 90047 | BOA | 90761 | 8/20/25 | 714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1161000 | USD | 161339 | DUB | 161308 | 6/18/25 | (31) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1161000 | USD | 162441 | JPM | 162115 | 8/20/25 | (326) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 920000 | USD | 127307 | SCB | 127823 | 6/18/25 | 516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 239187 | USD | 33420 | BNP | 33336 | 7/17/25 | (84) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 190369 | USD | 26424 | BNP | 26491 | 6/26/25 | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 648359 | USD | 89756 | BNP | 90153 | 6/17/25 | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 1880168 | USD | 261215 | BNP | 261632 | 6/26/25 | 417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 1150732 | USD | 159569 | BNP | 160006 | 6/17/25 | 437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 648945 | USD | 89756 | BNP | 90234 | 6/17/25 | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 2898767 | USD | 404822 | DUB | 404121 | 7/21/25 | (701) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 2422826 | USD | 337987 | DUB | 337486 | 7/9/25 | (501) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 238792 | USD | 33316 | GSC | 33281 | 7/17/25 | (35) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 8085 | USD | 1120 | GSC | 1124 | 6/17/25 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 2675135 | USD | 370630 | GSC | 371781 | 6/11/25 | 1151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 4889704 | USD | 677676 | GSC | 680073 | 6/20/25 | 2397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 2902492 | USD | 401785 | JPM | 403315 | 6/9/25 | 1530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 517593 | USD | 71639 | SCB | 71901 | 6/5/25 | 262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danish Krone | 6721899 | USD | 1026405 | BOA | 1023198 | 6/3/25 | (3207) |
| &nbsp;&nbsp;&nbsp;&nbsp; Danish Krone | 6704112 | USD | 1015331 | JPM | 1022594 | 7/2/25 | 7263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1059000 | USD | 20000 | DUB | 21199 | 6/10/25 | 1199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 3306000 | USD | 60000 | DUB | 63390 | 8/25/25 | 3390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1596300 | USD | 30000 | GSC | 31813 | 6/18/25 | 1813 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Buy: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1101400 | USD | 20000 | HSBC | $21106 | 8/26/25 | $1106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1058600 | USD | 20000 | HSBC | 21191 | 6/10/25 | 1191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1056600 | USD | 20000 | HSBC | 21234 | 6/3/25 | 1234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1826882 | USD | 34489 | JPM | 36571 | 6/10/25 | 2082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1082200 | USD | 20000 | SCB | 21168 | 7/22/25 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1588050 | USD | 30000 | SCB | 31896 | 6/4/25 | 1896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 148000 | USD | 167848 | BCLY | 168054 | 6/3/25 | 206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 28052456 | USD | 31836732 | BOA | 31853575 | 6/3/25 | 16843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 148000 | USD | 168027 | HSBC | 168367 | 7/2/25 | 340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 429000 | USD | 486816 | HSBC | 488038 | 7/2/25 | 1222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 314000 | USD | 357474 | JPM | 356547 | 6/3/25 | (927) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 472000 | USD | 533887 | JPM | 535956 | 6/3/25 | 2069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 184000 | USD | 206383 | JPM | 208932 | 6/3/25 | 2549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 130000 | USD | 147054 | NWM | 147615 | 6/3/25 | 561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hungarian Forint | 5273353 | USD | 14557 | GSC | 14770 | 8/22/25 | 213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hungarian Forint | 249235 | USD | 687 | SOG | 698 | 8/22/25 | 11 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 15009485 | USD | 176627 | BOA | 175244 | 6/30/25 | (1383) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 15754743 | USD | 183762 | DUB | 183946 | 6/30/25 | 184 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 2954210 | USD | 34507 | GSC | 34493 | 6/30/25 | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 15599093 | USD | 181850 | HSBC | 182129 | 6/30/25 | 279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 25175517 | USD | 294244 | JPM | 293940 | 6/30/25 | (304) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 18232325 | USD | 212910 | JPM | 212874 | 6/30/25 | (36) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 10617958 | USD | 123946 | JPM | 123971 | 6/30/25 | 25 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 15732104 | USD | 183151 | JPM | 183682 | 6/30/25 | 531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 51918299 | USD | 604524 | SOG | 606178 | 6/30/25 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 3315875284 | USD | 203241 | BNP | 203175 | 7/16/25 | (66) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 3307339100 | USD | 200000 | BNP | 202963 | 6/10/25 | 2963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 8690701993 | USD | 524785 | SCB | 533148 | 6/18/25 | 8363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 71000 | USD | 20079 | GSC | 20208 | 6/4/25 | 129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 403878 | USD | 114934 | JPM | 114951 | 6/4/25 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 63400000 | USD | 442775 | BCLY | 440599 | 6/3/25 | (2176) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 66414539 | USD | 460940 | HSBC | 461549 | 6/3/25 | 609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 43478997 | USD | 301268 | HSBC | 302158 | 6/3/25 | 890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 60000000 | USD | 406757 | HSBC | 417770 | 6/20/25 | 11013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 63700000 | USD | 445729 | JPM | 442684 | 6/3/25 | (3045) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 54772627 | USD | 377170 | UBS | 380643 | 6/3/25 | 3473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 1024789616 | USD | 7122530 | WFB | 7121788 | 6/3/25 | (742) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 1040041545 | USD | 7223514 | WFB | 7227781 | 6/3/25 | 4267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 37387710 | USD | 70410 | DUB | 69111 | 12/15/25 | (1299) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 25775000 | USD | 50000 | DUB | 48931 | 9/12/25 | (1069) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 25887500 | USD | 50000 | DUB | 49159 | 9/11/25 | (841) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 10305000 | USD | 20000 | DUB | 19563 | 9/12/25 | (437) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 10898720 | USD | 21040 | DUB | 20696 | 9/11/25 | (344) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 10451265 | USD | 19590 | DUB | 19319 | 12/15/25 | (271) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 5180000 | USD | 10000 | DUB | 9837 | 9/11/25 | (163) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 5289500 | USD | 10000 | DUB | 10027 | 9/17/25 | 27 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 10862520 | USD | 20960 | GSC | 20628 | 9/11/25 | (332) |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 15682500 | USD | 30000 | GSC | 29807 | 9/8/25 | (193) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 557158278 | USD | 400000 | BNP | 403406 | 6/9/25 | 3406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 214616035 | USD | 147000 | BNP | 155497 | 6/18/25 | 8497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 186421094 | USD | 136338 | BOA | 134944 | 6/5/25 | (1394) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 281774965 | USD | 199498 | DUB | 204061 | 6/12/25 | 4563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 291079661 | USD | 204463 | DUB | 210897 | 6/18/25 | 6434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 1074950731 | USD | 779684 | JPM | 778537 | 6/13/25 | (1147) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 1069741907 | USD | 775209 | JPM | 774705 | 6/12/25 | (504) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 281499852 | USD | 198407 | JPM | 203862 | 6/12/25 | 5455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 547265261 | USD | 385580 | JPM | 396329 | 6/12/25 | 10749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexican Peso | 3916000 | USD | 198840 | BOA | 201508 | 6/18/25 | 2668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexican Peso | 3217000 | USD | 163574 | JPM | 165539 | 6/18/25 | 1965 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 5984814 | USD | 200000 | BNP | 200101 | 6/9/25 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 6007536 | USD | 200000 | BNP | 200912 | 6/12/25 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3557603 | USD | 109381 | GSC | 119335 | 7/16/25 | 9954 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3862022 | USD | 118000 | GSC | 129945 | 8/20/25 | 11945 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Buy: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4972377 | USD | 152865 | GSC | $166792 | 7/16/25 | $13927 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 2808190 | USD | 89000 | SCB | 94487 | 8/20/25 | 5487 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 140464 | USD | 83688 | JPM | 83934 | 6/3/25 | 246 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nigerian Naira | 4880700 | USD | 3060 | DUB | 3053 | 6/13/25 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp; Nigerian Naira | 48120000 | USD | 30000 | JPM | 29915 | 6/23/25 | (85) |
| &nbsp;&nbsp;&nbsp;&nbsp; Nigerian Naira | 16150000 | USD | 10000 | SCB | 10078 | 6/17/25 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nigerian Naira | 48525000 | USD | 30000 | SCB | 30299 | 6/16/25 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nigerian Naira | 32100000 | USD | 20000 | SOG | 20018 | 6/18/25 | 18 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 1448132 | USD | 397293 | BCLY | 400033 | 6/18/25 | 2740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 5453 | USD | 1408 | BCLY | 1457 | 6/6/25 | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 44553 | USD | 11516 | BNP | 11903 | 6/6/25 | 387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 460733 | USD | 118624 | BNP | 123091 | 6/6/25 | 4467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 949459 | USD | 247447 | BNP | 253576 | 6/20/25 | 6129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 688380 | USD | 173472 | BNP | 183911 | 6/6/25 | 10439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 47837 | USD | 12388 | GSC | 12778 | 6/13/25 | 390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 785646 | USD | 203554 | HSBC | 209826 | 6/20/25 | 6272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 42505 | USD | 10967 | JPM | 11354 | 6/13/25 | 387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 927882 | USD | 240997 | JPM | 247814 | 6/20/25 | 6817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 967117 | USD | 247882 | JPM | 258379 | 6/6/25 | 10497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 268984 | USD | 69697 | UBS | 71863 | 6/6/25 | 2166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 122931 | USD | 32752 | WFB | 32837 | 6/13/25 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 51698 | USD | 13378 | WFB | 13810 | 6/13/25 | 432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 511218 | USD | 131899 | WFB | 136579 | 6/6/25 | 4680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 17270 | USD | 13381 | DUB | 13391 | 6/3/25 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 2777235 | USD | 2160768 | HSBC | 2153480 | 6/3/25 | (7288) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 1156034 | USD | 898309 | JPM | 896394 | 6/3/25 | (1915) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 25827 | USD | 20057 | WFB | 20027 | 6/3/25 | (30) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 3646000 | USD | 199931 | BOA | 202450 | 6/23/25 | 2519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 328000 | USD | 398006 | BOA | 398639 | 6/3/25 | 633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 339688 | USD | 411039 | WFB | 412844 | 6/3/25 | 1805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 655144 | USD | 20000 | GSC | 20001 | 7/16/25 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 15073093 | USD | 382110 | BCLY | 380554 | 6/11/25 | (1556) |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 11336632 | USD | 277784 | BCLY | 277975 | 7/9/25 | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 3725848 | USD | 94268 | BCLY | 94764 | 6/5/25 | 496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 4026684 | USD | 100341 | BCLY | 100936 | 6/18/25 | 595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 5853226 | USD | 145081 | BCLY | 145680 | 6/25/25 | 599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 4577513 | USD | 114033 | BCLY | 114744 | 6/18/25 | 711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 5118526 | USD | 128277 | BCLY | 129361 | 6/10/25 | 1084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 7236524 | USD | 181169 | BCLY | 182515 | 6/12/25 | 1346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 15544696 | USD | 387484 | BCLY | 388862 | 6/20/25 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 7249303 | USD | 181142 | BCLY | 182649 | 6/13/25 | 1507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 7487699 | USD | 186238 | BCLY | 187885 | 6/17/25 | 1647 |
|  |  |  |  |  |  |  | 278881 |
|  **Contracts to Sell:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 115000 | USD | 73586 | BOA | 74135 | 6/3/25 | (549) |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 95000 | USD | 60924 | JPM | 61242 | 6/3/25 | (318) |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 115000 | USD | 74555 | JPM | 74135 | 6/3/25 | 420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 5719956 | USD | 3644727 | WFB | 3687370 | 6/3/25 | (42643) |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 5756956 | USD | 3714365 | WFB | 3712764 | 7/2/25 | 1601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 2700000 | USD | 440533 | BNP | 458251 | 10/2/25 | (17718) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1500000 | USD | 246832 | BNP | 254584 | 10/2/25 | (7752) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 2316016 | USD | 400000 | BNP | 405011 | 6/3/25 | (5011) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1300000 | USD | 215908 | BNP | 220639 | 10/2/25 | (4731) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 8500000 | USD | 1387687 | GSC | 1442645 | 10/2/25 | (54958) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1400000 | USD | 229516 | GSC | 237612 | 10/2/25 | (8096) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1300000 | USD | 214001 | GSC | 220640 | 10/2/25 | (6639) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 900000 | USD | 148069 | GSC | 152751 | 10/2/25 | (4682) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 300000 | USD | 46682 | GSC | 50917 | 10/2/25 | (4235) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 600000 | USD | 98493 | GSC | 101834 | 10/2/25 | (3341) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 400000 | USD | 66126 | GSC | 67890 | 10/2/25 | (1764) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 2036357 | USD | 356187 | HSBC | 356106 | 6/3/25 | 81 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 5234123 | USD | 916868 | JPM | 915313 | 6/3/25 | 1555 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Sell: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 4916245 | USD | 861185 | SCB | $859724 | 6/3/25 | $1461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 7990032 | USD | 1406820 | WFB | 1397250 | 6/3/25 | 9570 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 5217189 | USD | 6996449 | BCLY | 7029898 | 6/3/25 | (33449) |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 170000 | USD | 224680 | BNP | 229067 | 6/3/25 | (4387) |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 162000 | USD | 215713 | BNP | 218287 | 6/3/25 | (2574) |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 5549189 | USD | 7475756 | JPM | 7478278 | 7/2/25 | (2522) |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 5225670 | USD | 3775457 | BNP | 3807826 | 6/3/25 | (32369) |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 4534734 | USD | 3301674 | HSBC | 3309157 | 7/2/25 | (7483) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 4693000 | USD | 652963 | BCLY | 655301 | 8/20/25 | (2338) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 972000 | USD | 135341 | BCLY | 135724 | 8/20/25 | (383) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 56000 | USD | 7707 | BCLY | 7781 | 6/18/25 | (74) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 3883493 | USD | 532288 | BNP | 539566 | 6/18/25 | (7278) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 3281350 | USD | 448658 | BNP | 455906 | 6/18/25 | (7248) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 634000 | USD | 86842 | BNP | 88087 | 6/18/25 | (1245) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1686000 | USD | 233116 | BNP | 234250 | 6/18/25 | (1134) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1068000 | USD | 147750 | BNP | 148386 | 6/18/25 | (636) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 107173 | USD | 14736 | BNP | 14890 | 6/18/25 | (154) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 900000 | USD | 125030 | BNP | 125044 | 6/18/25 | (14) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2771000 | USD | 387230 | BNP | 386925 | 8/20/25 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 8498970 | USD | 1163075 | BOA | 1180834 | 6/18/25 | (17759) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 3488000 | USD | 482482 | BOA | 484617 | 6/18/25 | (2135) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 699000 | USD | 95506 | BOA | 97604 | 8/20/25 | (2098) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 3187692 | USD | 441203 | HSBC | 445109 | 8/20/25 | (3906) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 3178845 | USD | 441108 | HSBC | 442628 | 7/16/25 | (1520) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 924000 | USD | 127538 | HSBC | 128379 | 6/18/25 | (841) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 4182077 | USD | 578182 | JPM | 583959 | 8/20/25 | (5777) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2160882 | USD | 296064 | JPM | 300230 | 6/18/25 | (4166) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 6489829 | USD | 902167 | JPM | 906198 | 8/20/25 | (4031) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2852893 | USD | 394662 | JPM | 397242 | 7/16/25 | (2580) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2878472 | USD | 399466 | JPM | 400804 | 7/16/25 | (1338) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 4831000 | USD | 667966 | SCB | 674570 | 8/20/25 | (6604) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 688000 | USD | 96097 | SCB | 96068 | 8/20/25 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 3025085 | USD | 420945 | WFB | 421218 | 7/16/25 | (273) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 240019 | USD | 33420 | BNP | 33342 | 6/5/25 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 2908078 | USD | 404822 | DUB | 404091 | 6/9/25 | 731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Onshore Renminbi | 239559 | USD | 33316 | GSC | 33278 | 6/5/25 | 38 |
| &nbsp;&nbsp;&nbsp;&nbsp; Danish Krone | 7230000 | USD | 1034163 | HSBC | 1125492 | 4/1/26 | (91329) |
| &nbsp;&nbsp;&nbsp;&nbsp; Egyptian Pound | 1056600 | USD | 21221 | HSBC | 21233 | 6/3/25 | (12) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 345000 | USD | 392439 | BNP | 391748 | 6/3/25 | 691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 28052456 | USD | 31897017 | BOA | 31912931 | 7/2/25 | (15914) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 1491000 | USD | 1694690 | BOA | 1693031 | 6/3/25 | 1659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 26917456 | USD | 30577961 | BOA | 30564782 | 6/3/25 | 13179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 399000 | USD | 448686 | HSBC | 453065 | 6/3/25 | (4379) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 2156045 | USD | 25062 | BOA | 25173 | 6/30/25 | (111) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 8903590 | USD | 103021 | DUB | 103955 | 6/30/25 | (934) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 8778221 | USD | 101453 | SCB | 102491 | 6/30/25 | (1038) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 3311505604 | USD | 203241 | BNP | 203219 | 6/10/25 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 414382 | USD | 117906 | BCLY | 117943 | 6/11/25 | (37) |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 468000 | USD | 132158 | BOA | 133201 | 6/4/25 | (1043) |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 786128 | USD | 220000 | JPM | 223745 | 6/4/25 | (3745) |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 403878 | USD | 114934 | JPM | 114953 | 6/11/25 | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 19308146 | USD | 135368 | BCLY | 134183 | 6/3/25 | 1185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 437030842 | USD | 3051348 | BNP | 3037151 | 6/3/25 | 14197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 444888172 | USD | 3113512 | BNP | 3091756 | 6/3/25 | 21756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 60000000 | USD | 400173 | GSC | 417769 | 6/20/25 | (17596) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 50000000 | USD | 371443 | GSC | 355782 | 1/5/26 | 15661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 43336377 | USD | 301268 | HSBC | 302157 | 7/2/25 | (889) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 66196284 | USD | 460940 | HSBC | 461544 | 7/2/25 | (604) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 6704850 | USD | 46679 | HSBC | 46749 | 7/2/25 | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 68946762 | USD | 482811 | HSBC | 479146 | 6/3/25 | 3665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 65013826 | USD | 457134 | HSBC | 451814 | 6/3/25 | 5320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 11900000 | USD | 82278 | JPM | 82971 | 7/2/25 | (693) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 60000000 | USD | 437801 | JPM | 426938 | 1/5/26 | 10863 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Sell: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 54592717 | USD | 377170 | UBS | $380640 | 7/2/25 | $(3470) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 28131633 | USD | 198435 | UBS | 195501 | 6/3/25 | 2934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 1036629157 | USD | 7223514 | WFB | 7227747 | 7/2/25 | (4233) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 1021424220 | USD | 7122530 | WFB | 7121733 | 7/2/25 | 797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 1299998338 | USD | 9106053 | WFB | 9034354 | 6/3/25 | 71699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kazakhstan Tenge | 9226750 | USD | 17000 | DUB | 17521 | 9/11/25 | (521) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 135785580 | USD | 93000 | BCLY | 98381 | 6/18/25 | (5381) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 1565711509 | USD | 1099092 | BNP | 1133886 | 6/12/25 | (34794) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 41729400 | USD | 30000 | BOA | 30246 | 6/23/25 | (246) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 185853930 | USD | 136338 | BOA | 134931 | 7/16/25 | 1407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 617989320 | USD | 432039 | DUB | 447547 | 6/12/25 | (15508) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 411279564 | USD | 283651 | DUB | 297986 | 6/18/25 | (14335) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 186366555 | USD | 129792 | DUB | 134904 | 6/5/25 | (5112) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 68326113 | USD | 47998 | DUB | 49505 | 6/18/25 | (1507) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 105245367 | USD | 73147 | HSBC | 76254 | 6/18/25 | (3107) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 547377080 | USD | 385580 | JPM | 396324 | 6/9/25 | (10744) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 1069648882 | USD | 775209 | JPM | 774698 | 6/13/25 | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 1074584279 | USD | 779684 | JPM | 778572 | 6/18/25 | 1112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysian Ringgit | 14607921 | USD | 3456678 | BCLY | 3433947 | 6/18/25 | 22731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysian Ringgit | 421892 | USD | 99769 | BOA | 99176 | 6/18/25 | 593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexican Peso | 1857000 | USD | 94939 | BOA | 95557 | 6/18/25 | (618) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 8091585 | USD | 247381 | BNP | 272256 | 8/20/25 | (24875) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 6161074 | USD | 189554 | BNP | 207301 | 8/20/25 | (17747) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 5460780 | USD | 167802 | BNP | 183174 | 7/16/25 | (15372) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4469744 | USD | 137734 | BNP | 149931 | 7/16/25 | (12197) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 599862 | USD | 20000 | BNP | 20080 | 6/23/25 | (80) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 2898614 | USD | 99000 | BNP | 97529 | 8/20/25 | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 77487 | USD | 2377 | BOA | 2608 | 8/20/25 | (231) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 9997683 | USD | 305562 | HSBC | 336390 | 8/20/25 | (30828) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 5621589 | USD | 172489 | HSBC | 188568 | 7/16/25 | (16079) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 6470895 | USD | 202722 | HSBC | 217725 | 8/20/25 | (15003) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 9135855 | USD | 279290 | JPM | 307392 | 8/20/25 | (28102) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 6491325 | USD | 200201 | JPM | 218412 | 8/20/25 | (18211) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 5499384 | USD | 168900 | JPM | 184469 | 7/16/25 | (15569) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3486229 | USD | 106313 | JPM | 117300 | 8/20/25 | (10987) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3965427 | USD | 122077 | JPM | 133015 | 7/16/25 | (10938) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3290175 | USD | 100873 | JPM | 110704 | 8/20/25 | (9831) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4499169 | USD | 137895 | SCB | 151383 | 8/20/25 | (13488) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 128000 | USD | 76291 | BCLY | 76486 | 6/3/25 | (195) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 140325 | USD | 83688 | JPM | 83939 | 7/2/25 | (251) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 12337 | USD | 7322 | WFB | 7372 | 6/3/25 | (50) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 1201895 | USD | 327456 | BCLY | 330928 | 11/10/25 | (3472) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 1451311 | USD | 397293 | BCLY | 400064 | 9/17/25 | (2771) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 389103 | USD | 106131 | BNP | 107369 | 8/7/25 | (1238) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 994093 | USD | 271447 | DUB | 274609 | 6/18/25 | (3162) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 761097 | USD | 208554 | DUB | 209779 | 9/22/25 | (1225) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 672552 | USD | 180638 | GSC | 185624 | 7/30/25 | (4986) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 452053 | USD | 122000 | GSC | 124875 | 6/18/25 | (2875) |
| &nbsp;&nbsp;&nbsp;&nbsp; Peruvian Sol | 1011108 | USD | 275905 | GSC | 278761 | 9/10/25 | (2856) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 1511000 | USD | 398779 | BCLY | 403685 | 6/6/25 | (4906) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 756000 | USD | 200941 | BOA | 201977 | 6/6/25 | (1036) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 417000 | USD | 107380 | UBS | 111407 | 6/6/25 | (4027) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 122910 | USD | 32752 | WFB | 32837 | 6/6/25 | (85) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 127000 | USD | 97143 | BCLY | 98476 | 6/3/25 | (1333) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 19375 | USD | 14861 | BCLY | 15023 | 6/3/25 | (162) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 239131 | USD | 182738 | BOA | 185423 | 6/3/25 | (2685) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 31863 | USD | 24385 | BOA | 24706 | 6/3/25 | (321) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 33622 | USD | 25648 | DUB | 26071 | 6/3/25 | (423) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 17238 | USD | 13381 | DUB | 13391 | 7/2/25 | (10) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 537000 | USD | 414498 | GSC | 416392 | 6/3/25 | (1894) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 2425006 | USD | 1859140 | HSBC | 1880360 | 6/3/25 | (21220) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 2772006 | USD | 2160768 | HSBC | 2153342 | 7/2/25 | 7426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 421290 | USD | 321227 | JPM | 326670 | 6/3/25 | (5443) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Sell: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 159869 | USD | 122194 | JPM | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123963 | 6/3/25 | $(1769) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 1153891 | USD | 898309 | JPM | 896363 | 7/2/25 | 1946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 17766 | USD | 13796 | WFB | 13801 | 7/2/25 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 25780 | USD | 20057 | WFB | 20026 | 7/2/25 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 359000 | USD | 20028 | BOA | 19934 | 6/23/25 | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 82471 | USD | 4351 | GSC | 4579 | 6/23/25 | (228) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 717000 | USD | 39877 | GSC | 39813 | 6/23/25 | 64 |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 11988192 | USD | 621623 | JPM | 665664 | 6/23/25 | (44041) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 5685000 | USD | 298973 | UBS | 315669 | 6/23/25 | (16696) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 3725000 | USD | 198304 | UBS | 206837 | 6/23/25 | (8533) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 1935459 | USD | 102048 | UBS | 107470 | 6/23/25 | (5422) |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 668176 | USD | 808137 | WFB | 812076 | 6/3/25 | (3939) |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 338480 | USD | 411039 | WFB | 412848 | 7/2/25 | (1809) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 1365108 | USD | 41303 | BNP | 41675 | 7/16/25 | (372) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 6061980 | USD | 183158 | HSBC | 185062 | 7/16/25 | (1904) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 209127 | USD | 6300 | HSBC | 6384 | 7/16/25 | (84) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 5693712 | USD | 171358 | UBS | 173820 | 7/16/25 | (2462) |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 17130683 | USD | 421305 | BCLY | 432503 | 6/11/25 | (11198) |
|  |  |  |  |  |  |  | (744485) |
|  Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | $(465604) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following OTC Total Return Swap Contracts:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund Pay**<br> **Floating Rate Index** | **Fund Receive**<br> **Floating Rate Index** | **Financing**<br> **Rate** | **Payment**<br> **Frequency** | **Maturity**<br> **Date** | **Counterparty** | **Notional**<br> **Amount** | **Notional**<br> **Amount** | **Value** | **Upfront**<br> **Payment**<br> **Paid** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  iBoxx Investment Grade Index | SOFR | 3.258% | PAM | 6/20/25 | BNP | USD | 7800000 | $96453 | $84863 | $11590 |
|  iBoxx Investment Grade Index | SOFR | 3.229% | PAM | 9/22/25 | BNP | USD | 1200000 | 5631 | 12951 | (7320) |
|  iBoxx Investment Grade Index | SOFR | 3.228% | PAM | 9/22/25 | JPM | USD | 5100000 | 22664 | 52582 | (29918) |
|  |  |  |  |  |  |  |  | $124748 | $150396 | $(25648) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following OTC Interest Rate Swap Contracts:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Floating Rate** | **Floating Rate Index** | **Fixed**<br> **Rate** | **Maturity**<br> **Date** | **Payment**<br> **Frequency** | **Counterparty** | **Notional**<br> **Amount** | **Notional**<br> **Amount** | **Value** | **Upfront**<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Payment** <br> **Paid/**<br> **(Received)** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  Pay | 3-Month MYR-KLIBOR | 3.500% | 3/19/30 | 3-Month | BNP | MYR | 2250000 | $6776 | $— | $6776 |
|  Pay | 3-Month MYR-KLIBOR | 3.500% | 3/19/30 | 3-Month | GSC | MYR | 6070000 | 18279 | (2641) | 20920 |
|  Receive | 3-Month MYR-KLIBOR | 3.750% | 9/20/33 | 3-Month | GSC | MYR | 1510000 | (9723) | 9564 | (19287) |
|  Receive | 3-Month MYR-KLIBOR | 3.750% | 9/18/34 | 3-Month | BNP | MYR | 1050000 | (6520) | (2898) | (3622) |
|  Receive | 3-Month MYR-KLIBOR | 3.750% | 3/19/35 | 3-Month | JPM | MYR | 1990000 | (12020) | 1514 | (13534) |
|  Pay | China 7-Day Reverse Repo Index | 1.500% | 3/18/31 | 3-Month | SCB | CNY | 85800000 | 10506 | 39641 | (29135) |
|  Pay | China 7-Day Reverse Repo Index | 1.500% | 3/18/31 | 3-Month | BNP | CNY | 159800000 | 19567 | (24547) | 44114 |
|  Pay | China 7-Day Reverse Repo Index | 2.250% | 9/18/29 | 3-Month | BNP | CNY | 2700000 | 12255 | 3411 | 8844 |
|  |  |  |  |  |  |  |  | $39120 | $24044 | $15076 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Floating Rate** | **Floating Rate Index** | **Fixed<br>Rate** | **Maturity**<br> **Date** | **Payment<br>Frequency** | **Notional**<br> **Amount** | **Notional**<br> **Amount** | **Value** | **Upfront**<br> **Payment**<br> **Paid/**<br> **(Received)** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  Pay | 3-Month FRA New Zealand Bank Bill | 3.750% | 6/15/27 | 6-Month | NZD | 900000 | $9854 | $(28224) | $38078 |
|  Pay | 3-Month FRA New Zealand Bank Bill | 4.750% | 6/19/29 | 6-Month | NZD | 1800000 | 63425 | (1236) | 64661 |
|  Pay | 3-Month South Korean Certificate of Deposit | 2.500% | 9/17/30 | 3-Month | KRW | 56040000 | 190 | (114) | 304 |
|  Pay | 3-Month Stockholm Interbank Offered Rate | 2.474% | 2/3/30 | 12-Month | SEK | 4400000 | 6503 |  | 6503 |
|  Pay | 6-Month Australian Bank Bill | 3.750% | 3/19/30 | 6-Month | AUD | 19500000 | 27412 | (44431) | 71843 |
|  Pay | 6-Month Australian Bank Bill | 4.000% | 6/21/33 | 6-Month | AUD | 200000 | (397) | (12380) | 11983 |
|  Pay | 6-Month Australian Bank Bill | 4.250% | 3/19/35 | 6-Month | AUD | 1200000 | 5937 | (545) | 6482 |
|  Pay | 6-Month Australian Bank Bill | 4.500% | 3/19/35 | 6-Month | AUD | 4500000 | 83282 | (13988) | 97270 |
|  Pay | 6-Month Australian Bank Bill | 4.500% | 6/18/35 | 6-Month | AUD | 500000 | 9089 | 2896 | 6193 |
|  Pay | 6-Month EURIBOR | 0.451% | 5/27/50 | 12-Month | EUR | 200000 | (91696) |  | (91696) |
|  Pay | 6-Month EURIBOR | 0.650% | 4/12/27 | 12-Month | EUR | 500000 | (14812) |  | (14812) |
|  Pay | 6-Month EURIBOR | 0.650% | 5/11/27 | 12-Month | EUR | 300000 | (8802) |  | (8802) |
|  Pay | 6-Month EURIBOR | 0.700% | 4/11/27 | 12-Month | EUR | 200000 | (5779) |  | (5779) |
|  Pay | 6-Month EURIBOR | 1.000% | 5/13/27 | 12-Month | EUR | 500000 | (10736) |  | (10736) |
|  Pay | 6-Month EURIBOR | 2.250% | 9/17/30 | 12-Month | EUR | 11700000 | 20185 | (179354) | 199539 |
|  Pay | 6-Month EURIBOR | 2.250% | 9/21/37 | 12-Month | EUR | 5650000 | (179236) | 141469 | (320705) |
|  Pay | 6-Month EURIBOR | 2.250% | 9/21/42 | 12-Month | EUR | 2310000 | (136294) | 176898 | (313192) |
|  Pay | 6-Month EURIBOR | 2.250% | 9/17/55 | 12-Month | EUR | 700000 | (59319) | (49363) | (9956) |
|  Pay | 6-Month EURIBOR | 2.343% | 1/10/30 | 12-Month | EUR | 3400000 | 22497 | 3599 | 18898 |
|  Pay | 6-Month EURIBOR | 3.000% | 3/19/27 | 12-Month | EUR | 7050000 | 150330 | 47415 | 102915 |
|  Pay | 6-Month EURIBOR | 3.370% | 10/9/28 | 12-Month | EUR | 710000 | 48311 |  | 48311 |
|  Receive | 6-Month EURIBOR | 0.054% | 5/27/50 | 12-Month | EUR | 50000 | 27068 | 6520 | 20548 |
|  Receive | 6-Month EURIBOR | 2.000% | 9/17/27 | 12-Month | EUR | 5400000 | (7401) | (13304) | 5903 |
|  Receive | 6-Month EURIBOR | 2.213% | 3/12/55 | 12-Month | EUR | 2100000 | 62293 |  | 62293 |
|  Receive | 6-Month EURIBOR | 2.250% | 9/17/35 | 12-Month | EUR | 1030000 | 29411 | 23854 | 5557 |
|  Receive | 6-Month EURIBOR | 2.270% | 3/12/55 | 12-Month | EUR | 1200000 | 29096 | 202 | 28894 |
|  Receive | 6-Month EURIBOR | 2.282% | 3/12/55 | 12-Month | EUR | 200000 | 4621 |  | 4621 |
|  Receive | 6-Month EURIBOR | 3.000% | 3/15/33 | 12-Month | EUR | 3160000 | (60619) | (33464) | (27155) |
|  Receive | Bank of Japan Uncollateralised Overnight Call Rate | 2.000% | 6/18/55 | 12-Month | JPY | 10000000 | 2757 | (2075) | 4832 |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.000% | 3/17/31 | 6-Month | JPY | 130000000 | (53363) | (4651) | (48712) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.050% | 12/15/31 | 12-Month | JPY | 490000000 | (213718) | (164853) | (48865) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.250% | 3/15/32 | 12-Month | JPY | 50000000 | (17975) | (1479) | (16496) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.400% | 12/15/51 | 12-Month | JPY | 67000000 | (167391) | (28522) | (138869) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.450% | 12/15/51 | 12-Month | JPY | 40000000 | (96934) | (61872) | (35062) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.750% | 3/19/27 | 12-Month | JPY | 570000000 | 4590 | 628 | 3962 |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 0.850% | 9/20/33 | 12-Month | JPY | 68100000 | (8772) | (4741) | (4031) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 1.000% | 3/19/32 | 12-Month | JPY | 860000000 | (6055) | (15354) | 9299 |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 1.000% | 9/18/34 | 12-Month | JPY | 90000000 | (7918) | (2958) | (4960) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 1.000% | 3/19/35 | 12-Month | JPY | 800000000 | (113087) | (65211) | (47876) |
|  Pay | Bank of Japan Uncollateralized Overnight Call Rate | 1.000% | 6/19/44 | 12-Month | JPY | 230000000 | (213308) | (92913) | (120395) |
|  Receive | Bank of Japan Uncollateralized Overnight Call Rate | 0.400% | 6/19/39 | 6-Month | JPY | 80000000 | 85274 | (20457) | 105731 |
|  Receive | Bank of Japan Uncollateralized Overnight Call Rate | 1.500% | 9/18/54 | 12-Month | JPY | 63500000 | 61808 | 9937 | 51871 |
|  Pay | Canadian Overnight Repo Rate Average | 1.713% | 10/2/29 | 6-Month | CAD | 400000 | (10433) | (29897) | 19464 |
|  Pay | Canadian Overnight Repo Rate Average | 2.850% | 9/1/29 | 6-Month | CAD | 1000000 | 9147 | (2988) | 12135 |
|  Pay | Canadian Overnight Repo Rate Average | 3.250% | 6/21/53 | 6-Month | CAD | 200000 | 3057 | (10586) | 13643 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Floating Rate** | **Floating Rate Index** | **Fixed<br>Rate** | **Maturity**<br> **Date** | **Payment<br>Frequency** | **Notional**<br> **Amount** | **Notional**<br> **Amount** | **Value** | **Upfront**<br> **Payment**<br> **Paid/**<br> **(Received)** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  Pay | Canadian Overnight Repo Rate Average | 3.898% | 6/19/26 | PAM | CAD | 2500000 | $25328 | $(3864) | $29192 |
|  Pay | Canadian Overnight Repo Rate Average | 3.925% | 6/19/26 | PAM | CAD | 4300000 | 44403 | (371) | 44774 |
|  Receive | Canadian Overnight Repo Rate Average | 2.850% | 6/1/33 | 6-Month | CAD | 300000 | (505) | 2521 | (3026) |
|  Receive | Canadian Overnight Repo Rate Average | 2.880% | 9/1/33 | 6-Month | CAD | 400000 | (1188) |  | (1188) |
|  Receive | Canadian Overnight Repo Rate Average | 3.000% | 6/1/33 | 6-Month | CAD | 200000 | (2039) | 723 | (2762) |
|  Receive | Canadian Overnight Repo Rate Average | 3.000% | 6/1/34 | 6-Month | CAD | 700000 | (5157) | 98 | (5255) |
|  Receive | Canadian Overnight Repo Rate Average | 3.180% | 6/1/33 | 6-Month | CAD | 1500000 | (29810) | (1311) | (28499) |
|  Receive | Canadian Overnight Repo Rate Average | 3.250% | 12/20/33 | 6-Month | CAD | 2500000 | (57950) | 144403 | (202353) |
|  Receive | Canadian Overnight Repo Rate Average | 3.250% | 12/18/34 | 6-Month | CAD | 200000 | (4313) | (4815) | 502 |
|  Receive | Canadian Overnight Repo Rate Average | 3.750% | 12/20/33 | 6-Month | CAD | 500000 | (26267) | (2465) | (23802) |
|  Pay | Euro Short-Term Rate Market Index | 1.795% | 10/11/29 | 12-Month | EUR | 2700000 | (21772) |  | (21772) |
|  Pay | Euro Short-Term Rate Market Index | 1.923% | 10/11/29 | 12-Month | EUR | 1800000 | (2937) |  | (2937) |
|  Pay | Euro Short-Term Rate Market Index | 2.028% | 10/11/29 | 12-Month | EUR | 800000 | 957 | 2642 | (1685) |
|  Receive | Financial Benchmarks India Overnight Mumbai Interbank Outright Rate | 6.000% | 9/17/30 | 6-Month | INR | 26680000 | (4884) | (785) | (4099) |
|  Receive | Singapore Overnight Rate Average | 2.500% | 9/17/30 | 6-Month | SGD | 600000 | (12546) | (8022) | (4524) |
|  Receive | Singapore Overnight Rate Average | 2.750% | 9/18/29 | 6-Month | SGD | 4720000 | (137881) | (190) | (137691) |
|  Pay | SOFR | 3.250% | 6/18/35 | 12-Month | USD | 700000 | (34178) | (38400) | 4222 |
|  Pay | SOFR | 3.981% | 11/30/27 | 12-Month | USD | 3700000 | 24035 |  | 24035 |
|  Receive | SOFR | 1.000% | 12/15/26 | 12-Month | USD | 1000000 | 57690 | 3719 | 53971 |
|  Receive | SOFR | 2.965% | 11/30/26 | 12-Month | USD | 6600000 | 131253 | (3697) | 134950 |
|  Receive | SOFR | 3.000% | 3/19/27 | 12-Month | USD | 12760000 | 198046 | 261813 | (63767) |
|  Receive | SOFR | 3.000% | 3/19/30 | 12-Month | USD | 3820000 | 109541 | 177729 | (68188) |
|  Receive | SOFR | 3.250% | 6/18/27 | 12-Month | USD | 2200000 | 16896 | 16095 | 801 |
|  Receive | SOFR | 3.250% | 6/18/30 | 12-Month | USD | 5600000 | 85809 | 69148 | 16661 |
|  Receive | SOFR | 3.250% | 3/19/35 | 12-Month | USD | 5680000 | 283386 | 378116 | (94730) |
|  Receive | SOFR | 3.250% | 12/20/53 | 12-Month | USD | 100000 | 13921 | 11616 | 2305 |
|  Receive | SOFR | 3.250% | 3/19/55 | 12-Month | USD | 400000 | 54721 | 47355 | 7366 |
|  Receive | SOFR | 3.500% | 12/20/38 | 12-Month | USD | 3200000 | 176349 | 50178 | 126171 |
|  Receive | SOFR | 3.500% | 6/20/54 | 12-Month | USD | 300000 | 31247 | 14915 | 16332 |
|  Receive | SOFR | 3.593% | 8/31/29 | 12-Month | USD | 2800000 | (2826) |  | (2826) |
|  Receive | SOFR | 3.595% | 8/19/34 | 12-Month | USD | 400000 | 9942 |  | 9942 |
|  Receive | SOFR | 3.613% | 8/22/34 | 12-Month | USD | 300000 | 6949 |  | 6949 |
|  Receive | SOFR | 3.620% | 11/30/29 | 12-Month | USD | 4800000 | (18486) | (10253) | (8233) |
|  Receive | SOFR | 3.645% | 8/7/34 | 12-Month | USD | 700000 | 14695 |  | 14695 |
|  Receive | SOFR | 3.661% | 8/31/29 | 12-Month | USD | 2300000 | (8508) |  | (8508) |
|  Receive | SOFR | 3.750% | 6/21/25 | 12-Month | USD | 4900000 | 52357 | 24288 | 28069 |
|  Receive | SOFR | 3.750% | 6/20/31 | 12-Month | USD | 400000 | 1857 | (2001) | 3858 |
|  Receive | SOFR | 3.750% | 5/15/32 | 12-Month | USD | 130000 | (678) | (433) | (245) |
|  Receive | SOFR | 3.771% | 2/15/55 | 12-Month | USD | 100000 | 4567 |  | 4567 |
|  Receive | SOFR | 3.773% | 3/4/55 | 12-Month | USD | 400000 | 18244 |  | 18244 |
|  Receive | SOFR | 3.781% | 11/15/53 | 12-Month | USD | 100000 | 4381 |  | 4381 |
|  Receive | SOFR | 3.782% | 11/15/53 | 12-Month | USD | 200000 | 8733 |  | 8733 |
|  Receive | SOFR | 3.791% | 11/15/53 | 12-Month | USD | 300000 | 12673 |  | 12673 |
|  Receive | SOFR | 3.806% | 2/15/55 | 12-Month | USD | 200000 | 7956 |  | 7956 |
|  Receive | SOFR | 3.815% | 11/15/34 | 12-Month | USD | 700000 | (168) |  | (168) |
|  Receive | SOFR | 3.836% | 5/15/34 | 12-Month | USD | 500000 | (1609) |  | (1609) |
|  Receive | SOFR | 3.840% | 6/30/31 | 12-Month | USD | 1300000 | (9886) |  | (9886) |
|  Receive | SOFR | 3.843% | 11/15/34 | 12-Month | USD | 1200000 | (3028) |  | (3028) |
|  Receive | SOFR | 3.844% | 11/15/34 | 12-Month | USD | 1500000 | (3818) |  | (3818) |
|  Receive | SOFR | 3.847% | 5/15/34 | 12-Month | USD | 300000 | (1213) |  | (1213) |
|  Receive | SOFR | 3.851% | 2/28/29 | 12-Month | USD | 1100000 | (9392) |  | (9392) |
|  Receive | SOFR | 3.862% | 2/28/29 | 12-Month | USD | 1600000 | (14303) |  | (14303) |
|  Receive | SOFR | 3.884% | 3/25/35 | 12-Month | USD | 500000 | (1656) |  | (1656) |
|  Receive | SOFR | 3.887% | 11/15/53 | 12-Month | USD | 300000 | 7808 |  | 7808 |
|  Receive | SOFR | 3.900% | 2/15/35 | 12-Month | USD | 900000 | (6684) | (2648) | (4036) |
|  Receive | SOFR | 3.905% | 8/15/26 | PAM | USD | 1800000 | (1232) |  | (1232) |
|  Receive | SOFR | 3.905% | 3/12/35 | 12-Month | USD | 200000 | (1005) |  | (1005) |
|  Receive | SOFR | 3.908% | 3/4/35 | 12-Month | USD | 400000 | (2070) |  | (2070) |
|  Receive | SOFR | 3.914% | 11/15/53 | 12-Month | USD | 200000 | 4295 |  | 4295 |
|  Receive | SOFR | 3.930% | 3/24/35 | 12-Month | USD | 300000 | (2146) |  | (2146) |
|  Receive | SOFR | 3.930% | 6/25/55 | 12-Month | USD | 345000 | 5476 | 1280 | 4196 |
|  Receive | SOFR | 3.931% | 11/15/54 | 12-Month | USD | 300000 | 5551 |  | 5551 |
|  Receive | SOFR | 3.954% | 11/15/54 | 12-Month | USD | 200000 | 2894 |  | 2894 |
|  Receive | SOFR | 3.959% | 11/15/54 | 12-Month | USD | 400000 | 5422 |  | 5422 |
|  Receive | SOFR | 3.960% | 6/27/55 | 12-Month | USD | 405000 | 4308 | (236) | 4544 |
|  Receive | SOFR | 3.964% | 11/15/54 | 12-Month | USD | 300000 | 3803 |  | 3803 |
|  Receive | SOFR | 3.998% | 11/15/54 | 12-Month | USD | 700000 | 4714 |  | 4714 |
|  Receive | SOFR | 4.000% | 6/20/26 | 12-Month | USD | 3600000 | 28536 | (10341) | 38877 |
|  Receive | SOFR | 4.005% | 9/29/55 | 12-Month | USD | 124000 | 174 | (1392) | 1566 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Floating Rate** | **Floating Rate Index** | **Fixed<br>Rate** | **Maturity**<br> **Date** | **Payment<br>Frequency** | **Notional**<br> **Amount** | **Notional**<br> **Amount** | **Value** | **Upfront**<br> **Payment**<br> **Paid/**<br> **(Received)** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  Receive | SOFR | 4.020% | 5/15/26 | PAM | USD | 2500000 | $1219 | $— | $1219 |
|  Receive | SOFR | 4.065% | 6/26/55 | 12-Month | USD | 213000 | (1605) | (3715) | 2110 |
|  Receive | SOFR | 4.100% | 8/31/29 | 12-Month | USD | 10780000 | (225488) | (152977) | (72511) |
|  Receive | SOFR | 4.100% | 12/31/31 | 12-Month | USD | 1370000 | (34364) | (29547) | (4817) |
|  Receive | SOFR | 4.111% | 11/15/54 | 12-Month | USD | 640000 | (8391) |  | (8391) |
|  Receive | SOFR | 4.130% | 11/15/54 | 12-Month | USD | 660000 | (10792) |  | (10792) |
|  Receive | SOFR | 4.150% | 11/15/34 | 12-Month | USD | 5200000 | (139889) | (151731) | 11842 |
|  Receive | SOFR | 4.250% | 12/20/25 | 12-Month | USD | 27709000 | 24663 | 143567 | (118904) |
|  Pay | Sterling Overnight Index Average | 3.000% | 6/17/27 | 12-Month | GBP | 5100000 | (110705) | (11885) | (98820) |
|  Pay | Sterling Overnight Index Average | 3.500% | 3/19/30 | 12-Month | GBP | 9400000 | (230220) | (221626) | (8594) |
|  Pay | Sterling Overnight Index Average | 4.000% | 3/17/28 | 12-Month | GBP | 11200000 | 72045 | 34710 | 37335 |
|  Receive | Sterling Overnight Index Average | 3.500% | 3/19/35 | 12-Month | GBP | 600000 | 43426 | 39674 | 3752 |
|  Receive | Sterling Overnight Index Average | 3.750% | 3/19/27 | 12-Month | GBP | 200000 | 1024 | (532) | 1556 |
|  Receive | Sterling Overnight Index Average | 3.750% | 3/19/55 | 12-Month | GBP | 900000 | 159384 | 113755 | 45629 |
|  Pay | Swiss Average Rate Overnight Index | 0.300% | 2/15/27 | 12-Month | CHF | 200000 | 2459 |  | 2459 |
|  |  |  |  |  |  |  | $(136360) | $403566 | $(539926) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following OTC and Centrally Cleared Credit Default Swap Contracts:

**OTC Credit Default Swaps on Sovereign Issues - Buy Protection (1)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation & Ratings†** | **Fixed Deal** <br> **(Pay) Rate** | **Maturity<br>Date** | **Payment<br>Frequency** | **Counterparty** | **Implied Credit**<br> **Spread at**<br> **5/31/25 (2)** | **Notional<br>Amount (3)** | **Notional<br>Amount (3)** | **Value** | **Upfront<br>Payment<br>(Received)** | **Unrealized**<br> **Depreciation** |
|  South Korea Government Bonds, AA | (1.000)% | 6/20/30 | 3-Month | BOA | 0.289% | USD | 280000 | $(9777) | $(8945) | $(832) |
|  South Korea Government Bonds, AA | (1.000)% | 6/20/30 | 3-Month | GSC | 0.289% | USD | 400000 | (13967) | (12778) | (1189) |
|  |  |  |  |  |  |  |  | $(23744) | $(21723) | $&nbsp;&nbsp;&nbsp;&nbsp;(2021) |

---

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

**OTC Credit Default Swaps on Corporate and Sovereign Issues - Sell Protection (4)** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation & Ratings†** | **Fixed Deal<br>Receive Rate** | **Maturity<br>Date** | **Payment<br>Frequency** | **Counterparty** | **Implied Credit<br>Spread at<br>5/31/25 (2)** | **Notional<br>Amount (3)** | **Notional<br>Amount (3)** | **Value** | **Upfront<br>Payment<br>(Received)** | **Unrealized**<br> **Appreciation** |
|  Petroleos Mexicanos, NR | 4.750% | 7/6/26 | 1-Month | DUB | N/A(a) | USD | 576450 | $2445 | $— | $2445 |
|  Republic of Italy Government International Bonds, BBB+ | 1.000% | 6/20/25 | 3-Month | BCLY | 0.063% | USD | 300000 | 779 | (7348) | 8127 |
|  |  |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;3224 | $&nbsp;&nbsp;&nbsp;&nbsp;(7348) | $10572 |

---

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

(a) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

**Centrally Cleared - Credit Default Swaps on Indexes - Buy Protection (1)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation & Ratings** | **Fixed Deal<br>(Pay) Rate** | **Maturity<br>Date** | **Payment<br>Frequency** | **Implied Credit<br>Spread at<br>5/31/25 (2)** | **Notional<br>Amount (3)** | **Market<br>Value** | **Upfront<br>Payment<br>(Received)** | **Unrealized<br>Depreciation** |
|  Markit CDX North America Investment Grade Series 43 10-Year Index, NR | (1.000)% | 12/20/34 | 3-Month | 0.504% | USD 1,100,000 | $(9580) | $(6915) | $(2665) |
|  Markit iTraxx Europe Series 43 10-Year Index, NR | (1.000)% | 6/20/35 | 3-Month | 0.971% | EUR 4,200,000 | (21605) | (9633) | (11972) |
|  Markit iTraxx Europe Series 43 5-Year Index, NR | (1.000)% | 6/20/30 | 3-Month | 0.578% | EUR 2,440,000 | (61424) | (53456) | (7968) |
|  |  |  |  |  |  | $(92609) | $(70004) | $(22605) |
|  <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** | <br> **Centrally Cleared - Credit Default Swaps on Corporate Issue and Indexes - Sell Protection (4)** |
| **Reference Obligation & Ratings†** | **Fixed Deal<br>Receive Rate** | **Maturity<br>Date** | **Payment<br>Frequency** | **Implied Credit<br>Spread at<br>5/31/25 (2)** | **Notional<br>Amount (3)** | **Value** | **Upfront<br>Payment<br>Paid** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  Ford Motor Credit Co. LLC, BBB- | 5.000% | 6/20/25 | 3-Month | 0.377% | USD 200,000 | $2589 | $7947 | $(5358) |
|  Markit CDX North America Investment Grade Series 43 5-Year Index, NR | 1.000% | 12/20/29 | 3-Month | 0.504% | USD 6,500,000 | 147896 | 129971 | 17925 |
|  Markit CDX North America Investment Grade Series 44 5-Year Index, NR | 1.000% | 6/20/30 | 3-Month | 0.561% | USD 29,500,000 | 652719 | 477626 | 175093 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;803204 | $&nbsp;&nbsp;&nbsp;&nbsp;615544 | $187660 |

---

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

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

At May 31, 2025, International Fixed Income Fund held the following OTC Cross-Currency Swap Contracts:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty Pay** | **Counterparty Receive** | **Maturity<br>Date (5)** | **Counterparty** | **Notional<br>Amount of<br>Currency<br>Received (6)** | **Notional<br>Amount of<br>Currency<br>Delivered (6)** | **Notional<br>Amount of<br>Currency<br>Delivered (6)** | **Value** | **Upfront<br>Payment<br>Paid/<br>(Received)** | **Unrealized<br>Depreciation** |
|  Floating rate equal to Bank of <br>Japan Uncollateralised Overnight Call Rate minus 0.459% based on the notional amount of currency delivered | Floating rate equal to<br>SOFR based on the<br>notional amount of<br>currency received | 9/17/30 | GSC | JPY 550,000,000 | USD | 3603427 | $(221599) | $(9290) | $(212309) |
|  Floating rate equal to Bank of <br>Japan Uncollateralised Overnight Call Rate minus 0.470% based on the notional amount of currency delivered | Floating rate equal to<br>SOFR based on the<br>notional amount of<br>currency received | 6/18/26 | GSC | JPY 2,662,200,000 | USD | 18342922 | (144138) | 1377049 | (1521187) |
|  |  |  |  |  |  |  | $(365737) | $1367759 | $(1733496) |

---

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

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

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

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

(5) At the maturity date, the notional amount of the currency received will be exchanged back for the notional
amount of the currency delivered.

(6) The notional amounts to be received or delivered may be determined and exchanged at a future date, based on the
effective date of the cross-currency swap.

At May 31, 2025, International Fixed Income Fund deposited cash collateral with brokers in the amount of $2,609,000 for open centrally cleared swap contracts.

At May 31, 2025, International Fixed Income Fund had cash collateral from brokers in the amount of $150,000 for open OTC swap contracts.

------

**Schedules of Investments** 

(unaudited) (continued)

**International Fixed Income Fund** 

---

| | |
|:---|:---|
| **<u>Currency abbreviations used in this schedule:</u>** | **<u>Currency abbreviations used in this schedule:</u>** |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CNY | China Yuan Renminbi |
| CZK | Czech Koruna |
| DKK | Danish Krone |
| EUR | Euro |
| GBP | British Pound |
| HKD | Hong Kong Dollar |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | Korean Won |
| MYR | Malaysian Ringgit |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PEN | Peruvian Sol |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| USD | United States Dollar |
| ZAR | South African Rand |

---

---

| | |
|:---|:---|
| **<u>Counterparty abbreviations used in this schedule:</u>** | **<u>Counterparty abbreviations used in this schedule:</u>** |
| BCLY | Barclays Bank PLC |
| BNP | BNP Paribas SA |
| BOA | Bank of America |
| DUB | Deutsche Bank AG |
| GSC | Goldman Sachs & Co. |
| HSBC | HSBC Bank USA |
| JPM | JPMorgan Chase & Co. |
| NWM | NatWest Markets PLC |
| SCB | Standard Chartered Bank |
| SOG | Societe Generale SA |
| UBS | UBS Securities LLC |
| WFB | Wells Fargo Bank |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Municipal Bond Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount†** | **Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - 94.4%** | **MUNICIPAL BONDS - 94.4%** | **MUNICIPAL BONDS - 94.4%** | **MUNICIPAL BONDS - 94.4%** |
| **Alabama - 6.1%** | **Alabama - 6.1%** | **Alabama - 6.1%** | **Alabama - 6.1%** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400000 | AAA | Alabama Federal Aid Highway Finance Authority, Revenue Bonds, Series A, 5.000% due 9/1/36 | $447292 |
| 220000 | A1(a) | Black Belt Energy Gas District, Revenue Bonds, Series A, 5.250% due 5/1/55(b) | 231992 |
| 1000000 | Aa3(a) | Southeast Alabama Gas Supply District (The), Revenue Bonds, Series A, 5.000% due 8/1/54(b) | 1041467 |
|  |  | Southeast Energy Authority A Cooperative District, Revenue Bonds: |  |
| 965000 | A1(a) | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.250% due 1/1/54(b) | 997041 |
| 500000 | A2(a) | &nbsp;&nbsp;&nbsp;&nbsp; Series B1, 5.000% due 5/1/53(b) | 513043 |
| 1400000 | Aa1(a) | &nbsp;&nbsp;&nbsp;&nbsp; Series C, 5.000% due 2/1/30 | 1465344 |
|  |  | Total Alabama | 4696179 |
| **Alaska - 0.2%** | **Alaska - 0.2%** | **Alaska - 0.2%** | **Alaska - 0.2%** |
|  |  | Northern Tobacco Securitization Corp., Revenue Bonds: |  |
| 105000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 4.000% due 6/1/50 | 87484 |
| 45000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Series B1, 4.000% due 6/1/50 | 42198 |
|  |  | Total Alaska | 129682 |
| **Arizona - 2.0%** | **Arizona - 2.0%** | **Arizona - 2.0%** | **Arizona - 2.0%** |
| 1000000 | A+ | City of Mesa, Utility System Revenue, Revenue Bonds, 5.000% due 7/1/40 | 1060263 |
| 480000 | Aa1(a) | Maricopa County & Phoenix Industrial Development Authorities, Revenue Bonds, Series A, 6.500% due 3/1/55 | 531109 |
|  |  | Total Arizona | 1591372 |
| **California - 11.2%** | **California - 11.2%** | **California - 11.2%** | **California - 11.2%** |
| 900000 | NR | California Infrastructure & Economic Development Bank, Revenue Bonds, AMT, Series A, 9.500% due 1/1/65(b)(c)(d) | 872344 |
|  |  | California School Finance Authority, Revenue Bonds: |  |
| 640000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; Aspire Public School Obligation Group, 5.000% due 8/1/32(c) | 655016 |
| 250000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; iLead Lancaster Holdings LLC, Series A, 4.000% due 6/1/31(c) | 237996 |
|  |  | California State Public Works Board, Revenue Bonds: |  |
| 1000000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; Series D, 4.000% due 5/1/47 | 905993 |
| 1000000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; Series D, 5.000% due 11/1/46 | 1026430 |
|  |  | East Bay Municipal Utility District Water System Revenue, Revenue Bonds: |  |
| 750000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.000% due 6/1/43 | 809792 |
| 755000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.000% due 6/1/44 | 810901 |
| 500000 | AA | Las Virgenes Unified School District, GO, Series B, 5.250% due 8/1/51 | 530882 |
| 1000000 | AA- | Regents of the University of California Medical Center Pooled Revenue, Revenue Bonds, 5.000% due 5/15/47 | 1021491 |
| 595000 | AA | Riverside County Public Financing Authority, Tax Allocation, Series A, 4.000% due 10/1/40 | 564799 |
| 1000000 | AA- | San Francisco City & County Airport Comm-San Francisco International Airport, Revenue Bonds, AMT, Series A, 5.500% due 5/1/55(d) | 1038395 |
| 250000 | BBB+ | Tobacco Securitization Authority of Southern California, Revenue Bonds, San Diego County Tobacco Asset Securitization, 5.000% due 6/1/48 | 244321 |
|  |  | Total California | 8718360 |
| **Colorado - 3.0%** | **Colorado - 3.0%** | **Colorado - 3.0%** | **Colorado - 3.0%** |
| 100000 | AA | Colorado Bridge & Tunnel Enterprise, Revenue Bonds, Series A, 5.000% due 12/1/36 | 109679 |
| 500000 | AA | Colorado Health Facilities Authority, Revenue Bonds, Adventhealth Obligated, Series A, 3.000% due 11/15/51 | 342463 |
| 1000000 | AA+ | Denver City & County School District No 1, GO, Series C, 5.500% due 12/1/47 | 1075283 |
| 500000 | AA | Mesa County Valley School District No 51 Grand Junction, GO, 5.250% due 12/1/43 | 535768 |
| 240000 | Aa1(a) | University of Colorado, Revenue Bonds, Series A, 5.000% due 6/1/36 | 269405 |
|  |  | Total Colorado | 2332598 |
| **District of Columbia - 2.0%** | **District of Columbia - 2.0%** | **District of Columbia - 2.0%** | **District of Columbia - 2.0%** |
|  |  | District of Columbia Income Tax Revenue, Revenue Bonds: |  |
| 500000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.000% due 6/1/33 | 561681 |
| 500000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.000% due 6/1/43 | 524321 |
| 2075000 | WD(e) | District of Columbia Tobacco Settlement Financing Corp., Revenue Bonds, Capital Appreciation Asset-Backed, Series B, zero coupon due 6/15/46 | 444514 |
|  |  | Total District of Columbia | 1530516 |
| **Florida - 6.3%** | **Florida - 6.3%** | **Florida - 6.3%** | **Florida - 6.3%** |
| 460000 | NR | Boggy Creek Improvement District, Special Assessment, Series 2013, 5.125% due 5/1/43 | 444188 |
| 1000000 | A | Brevard County Health Facilities Authority, Revenue Bonds, Health First Obligated Group, Series A, 5.000% due 4/1/47 | 988095 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Municipal Bond Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount†** | **Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** |
| **Florida - 6.3% - (continued)** | **Florida - 6.3% - (continued)** | **Florida - 6.3% - (continued)** | **Florida - 6.3% - (continued)** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665000 | AA+ | Broward County, Water & Sewer Utility Revenue, Revenue Bonds, Series A, 4.000% due 10/1/45 | $610844 |
| 2500000 | NR | Capital Trust Agency, Inc., Revenue Bonds, Wonderful Foundations Charter, Series B, zero coupon due 1/1/60 | 186203 |
| 500000 | AA+ | City of Fort Lauderdale, Water & Sewer Revenue, Revenue Bonds, Series A, 5.000% due 9/1/41 | 531478 |
| 800000 | A+ | County of Miami-Dade Aviation Revenue, Revenue Bonds, AMT, Series A, 5.250% due 10/1/50(d) | 811737 |
| 100000 | AA+ | JEA Water & Sewer System Revenue, Revenue Bonds, Series A, 5.250% due 10/1/49 | 103934 |
| 270000 | NR | Lakewood Ranch Stewardship District, Special Assessment, Isles Lakewood Ranch Project, 3.875% due 5/1/29 | 269822 |
| 1000000 | A+ | Orange County Health Facilities Authority, Revenue Bonds, Orlando Health Obligated Group, Series A, 5.000% due 10/1/53 | 973200 |
|  |  | Total Florida | 4919501 |
| **Georgia - 3.8%** | **Georgia - 3.8%** | **Georgia - 3.8%** | **Georgia - 3.8%** |
|  |  | Main Street Natural Gas Inc., Revenue Bonds: |  |
| 2500000 | Aa1(a) | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 4.000% due 7/1/52(b) | 2499415 |
| 435000 | A3(a) | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 5.000% due 6/1/53(b) | 451264 |
|  |  | Total Georgia | 2950679 |
| **Idaho - 1.2%** | **Idaho - 1.2%** | **Idaho - 1.2%** | **Idaho - 1.2%** |
| 900000 | A | Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System, Series A, 5.000% due 3/1/42 | 927420 |
| **Illinois - 3.0%** | **Illinois - 3.0%** | **Illinois - 3.0%** | **Illinois - 3.0%** |
| 1000000 | A | Chicago Midway International Airport, Revenue Bonds, AMT, Series C, 5.000% due 1/1/38(d) | 1029507 |
| 300000 | Aa1(a) | Cook County Community Consolidated School District No. 64 Park Ridge-Niles, GO, 5.000% due 12/1/41 | 317634 |
| 500000 | AAA | Illinois Finance Authority, Revenue Bonds, Series A, 5.000% due 7/1/43 | 521978 |
|  |  | State of Illinois, GO: |  |
| 275000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; Series B, 5.250% due 5/1/44 | 281075 |
| 150000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; Series C, 5.000% due 12/1/46 | 149023 |
|  |  | Total Illinois | 2299217 |
| **Indiana - 3.6%** | **Indiana - 3.6%** | **Indiana - 3.6%** | **Indiana - 3.6%** |
| 650000 | AA | Indiana Municipal Power Agency, Revenue Bonds, Series A, 5.000% due 1/1/43 | 678464 |
|  |  | Indianapolis Local Public Improvement Bond Bank, Revenue Bonds: |  |
| 1000000 | A1(a) | &nbsp;&nbsp;&nbsp;&nbsp; Indianapolis Airport Authority, AMT, 5.000% due 1/1/31(d) | 1058040 |
| 500000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; Series D, 6.000% due 2/1/48 | 550811 |
| 500000 | Aa2(a) | IPS Multi-School Building Corp., Revenue Bonds, 5.000% due 7/15/44 | 512106 |
|  |  | Total Indiana | 2799421 |
| **Kansas - 1.0%** | **Kansas - 1.0%** | **Kansas - 1.0%** | **Kansas - 1.0%** |
|  |  | Kansas Development Finance Authority, Revenue Bonds: |  |
| 500000 | Aa2(a) | &nbsp;&nbsp;&nbsp;&nbsp; Kansas Athletics Inc., Series C-1, 5.000% due 9/1/44 | 516560 |
| 250000 | Aaa(a) | &nbsp;&nbsp;&nbsp;&nbsp; Series R, 5.000% due 5/1/41 | 266256 |
|  |  | Total Kansas | 782816 |
| **Kentucky - 1.6%** | **Kentucky - 1.6%** | **Kentucky - 1.6%** | **Kentucky - 1.6%** |
| 230000 | NR | City of Henderson, Revenue Bonds, Pratt Paper LLC Project, AMT, Series A, 4.450% due<br>1/1/42(c)(d) | 210822 |
| 1020000 | Aa3(a) | Kentucky State Property & Building Commission, Revenue Bonds, Series A, 5.000% due 4/1/41 | 1070714 |
|  |  | Total Kentucky | 1281536 |
| **Maryland - 2.2%** | **Maryland - 2.2%** | **Maryland - 2.2%** | **Maryland - 2.2%** |
|  |  | City of Baltimore, Tax Allocation, Harbor Point Project: |  |
| 125000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 2.800% due 6/1/25(c) | 125000 |
| 135000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 2.850% due 6/1/26(c) | 133280 |
| 500000 | AAA | County of Prince George's, GO, Series A, 5.000% due 8/1/40 | 537166 |
| 630000 | Baa3(a) | Maryland Economic Development Corp., Revenue Bonds, Green Bond, Purple Line Light Rail Project, AMT, Series B, 5.250% due 6/30/55(d) | 616600 |
| 250000 | AAA | Washington Suburban Sanitary Commission, Revenue Bonds, 5.000% due 6/1/43 | 266116 |
|  |  | Total Maryland | 1678162 |
| **Massachusetts - 3.5%** | **Massachusetts - 3.5%** | **Massachusetts - 3.5%** | **Massachusetts - 3.5%** |
| 1000000 | AAA | City of Boston, GO, Series A, 5.000% due 11/1/37 | 1096882 |
|  |  | Commonwealth of Massachusetts, GO: |  |
| 550000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; Series C, 5.000% due 10/1/48 | 561949 |
| 270000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; Series I, 5.000% due 12/1/47 | 278940 |
| 690000 | AA+ | Massachusetts Water Resources Authority, Revenue Bonds, Series C, 5.000% due 8/1/39 | 750763 |
|  |  | Total Massachusetts | 2688534 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Municipal Bond Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount†** | **Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** |
| **Michigan - 3.9%** | **Michigan - 3.9%** | **Michigan - 3.9%** | **Michigan - 3.9%** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845000 | A+ | Central Michigan University, Revenue Bonds, Series A, 5.000% due 10/1/37 | $915812 |
| 500000 | AA- | Great Lakes Water Authority Sewage Disposal System Revenue, Revenue Bonds, Series C, 5.250% due 7/1/53 | 515603 |
| 1000000 | AA- | Lansing Board of Water & Light, Revenue Bonds, Series A, 5.250% due 7/1/54 | 1038575 |
| 500000 | AA+ | Michigan State Housing Development Authority, Revenue Bonds, Series D, 5.100% due 12/1/37 | 517821 |
|  |  | Total Michigan | 2987811 |
| **Nebraska - 2.0%** | **Nebraska - 2.0%** | **Nebraska - 2.0%** | **Nebraska - 2.0%** |
| 500000 | A2(a) | Central Plains Energy Project, Revenue Bonds, Series 1, 5.000% due 5/1/53(b) | 515852 |
| 1000000 | AA | Omaha Public Power District, Revenue Bonds, Series A, 5.250% due 2/1/48 | 1039799 |
|  |  | Total Nebraska | 1555651 |
| **New Jersey - 3.1%** | **New Jersey - 3.1%** | **New Jersey - 3.1%** | **New Jersey - 3.1%** |
| 100000 | BBB | Camden County Improvement Authority (The), Revenue Bonds, KIPP Cooper Norcross High School, 6.000% due 6/15/62 | 102579 |
| 110000 | NR | New Jersey Economic Development Authority, Revenue Bonds, Golden Door Charter School Project, Series A, 5.125% due 11/1/29(c) | 110280 |
|  |  | New Jersey Transportation Trust Fund Authority, Revenue Bonds: |  |
| 1000000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; Series A, 4.000% due 6/15/40 | 926492 |
| 240000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; Series AA, 5.000% due 6/15/42 | 246545 |
| 500000 | AA- | New Jersey Turnpike Authority, Revenue Bonds, Series A, 5.000% due 1/1/43(f) | 523365 |
| 500000 | A- | Tobacco Settlement Financing Corp., Revenue Bonds, Series A, 5.000% due 6/1/35 | 507637 |
|  |  | Total New Jersey | 2416898 |
| **New York - 5.4%** | **New York - 5.4%** | **New York - 5.4%** | **New York - 5.4%** |
| 1000000 | AA | City of New York, GO, Series B, 5.250% due 10/1/47 | 1028311 |
| 500000 | AAA | New York City Transitional Finance Authority, Revenue Bonds, Series E, 5.000% due 11/1/53 | 507847 |
| 180000 | AA+ | New York State Thruway Authority, Revenue Bonds, Series A, 4.125% due 3/15/52 | 157482 |
| 225000 | Baa2(a) | New York Transportation Development Corp., Revenue Bonds, Delta Air Lines Inc.- LaGuardia, AMT, 4.000% due 10/1/30(d) | 220440 |
| 500000 | AA- | Port Authority of New York & New Jersey, Revenue Bonds, Series 241, 5.000% due 7/15/41 | 528467 |
| 660000 | AA+ | Triborough Bridge & Tunnel Authority, Revenue Bonds, Series C, 5.250% due 5/15/52 | 679796 |
| 1000000 | AA+ | Triborough Bridge & Tunnel Authority Sales Tax Revenue, Revenue Bonds, Triborough Bridge and Tunnel Authority Capital Lockbox, Series A, 5.000% due 5/15/40 | 1064581 |
|  |  | Total New York | 4186924 |
| **North Carolina - 0.7%** | **North Carolina - 0.7%** | **North Carolina - 0.7%** | **North Carolina - 0.7%** |
| 500000 | AA+ | County of Johnston, Revenue Bonds, 5.000% due 4/1/41 | 536432 |
| **North Dakota - 0.5%** | **North Dakota - 0.5%** | **North Dakota - 0.5%** | **North Dakota - 0.5%** |
| 495000 | Aa1(a) | North Dakota Housing Finance Agency, Revenue Bonds, Water and Sewer System, Series A, 3.700% due 1/1/46 | 413463 |
| **Ohio - 5.0%** | **Ohio - 5.0%** | **Ohio - 5.0%** | **Ohio - 5.0%** |
|  |  | Buckeye Tobacco Settlement Financing Authority, Revenue Bonds: |  |
| 85000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; Series A2, 3.000% due 6/1/48 | 59367 |
| 100000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series B2, 5.000% due 6/1/55 | 86659 |
| 1000000 | Aa2(a) | North Ridgeville City School District, GO, 5.000% due 12/1/44 | 1015453 |
| 600000 | Baa3(a) | Ohio Air Quality Development Authority, Revenue Bonds, Ohio Valley Electric Corp., Remarketing, Series A, 2.875% due 2/1/26 | 593560 |
| 1000000 | AAA | Ohio Water Development Authority, Revenue Bonds, Series A, 5.000% due 12/1/41 | 1069355 |
| 1000000 | AAA | Ohio Water Development Authority Water Pollution Control Loan Fund, Revenue Bonds, Series D, 5.000% due 12/1/43 | 1056222 |
|  |  | Total Ohio | 3880616 |
| **Oklahoma - 1.3%** | **Oklahoma - 1.3%** | **Oklahoma - 1.3%** | **Oklahoma - 1.3%** |
| 1000000 | AAA | Oklahoma Water Resources Board, Revenue Bonds, Clean Water Program, 5.000% due 4/1/44 | 1046417 |
| **Oregon - 1.7%** | **Oregon - 1.7%** | **Oregon - 1.7%** | **Oregon - 1.7%** |
| 1000000 | AA- | Port of Portland Airport Revenue, Revenue Bonds, Green Bond, AMT, Series 29, 5.000% due 7/1/38(d) | 1034114 |
| 250000 | AA+ | State of Oregon, GO, Series F, 5.000% due 8/1/48 | 257324 |
|  |  | Total Oregon | 1291438 |
| **Pennsylvania - 2.6%** | **Pennsylvania - 2.6%** | **Pennsylvania - 2.6%** | **Pennsylvania - 2.6%** |
| 250000 | AA- | Geisinger Authority, Revenue Bonds, Geisinger Health System, 4.000% due 4/1/50 | 207632 |
| 1000000 | A | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Series B1,<br>5.250% due 11/1/37 | 1081505 |
| 830000 | A+ | Pennsylvania Turnpike Commission, Revenue Bonds, Series A, 4.000% due 12/1/46 | 743284 |
|  |  | Total Pennsylvania | 2032421 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Municipal Bond Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount†** | **Rating††** | **Security** | **Value** |
| **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** | **MUNICIPAL BONDS - 94.4% - (continued)** |
| **Puerto Rico - 1.1%** | **Puerto Rico - 1.1%** | **Puerto Rico - 1.1%** | **Puerto Rico - 1.1%** |
|  |  | Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Revenue Bonds: |  |
| $664000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series A1, 4.750% due 7/1/53 | $608088 |
| 225000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series A1, zero coupon due 7/1/46 | 72233 |
| 216000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series A2, 4.784% due 7/1/58 | 193645 |
|  |  | Total Puerto Rico | 873966 |
| **Tennessee - 0.5%** | **Tennessee - 0.5%** | **Tennessee - 0.5%** | **Tennessee - 0.5%** |
| 245000 | Baa1(a) | Tennergy Corp., Revenue Bonds, Gas Supply, Series A, 5.500% due 10/1/53(b) | 256909 |
| 95000 | AA+ | Tennessee Housing Development Agency, Revenue Bonds, Series 2A, 6.000% due 1/1/55 | 103687 |
|  |  | Total Tennessee | 360596 |
| **Texas - 10.4%** | **Texas - 10.4%** | **Texas - 10.4%** | **Texas - 10.4%** |
| 415000 | Aa1(a) | Bexar Management And Development Corp., Revenue Bonds, 4.610% due 7/1/44 | 409809 |
| 315000 | AA | City of Austin, Water & Wastewater System Revenue, Revenue Bonds, 5.000% due 11/15/41 | 333438 |
| 500000 | Aa3(a) | City of Houston, GO, Series A, 5.250% due 3/1/40 | 534364 |
| 100000 | BB | City of Houston, Airport System Revenue, Revenue Bonds, AMT, Series B1, 5.000% due 7/15/30(d) | 99994 |
| 250000 | Aa1(a) | City of Midland, GO, Series B, 5.000% due 3/1/47 | 255946 |
|  |  | Fort Bend Independent School District, GO: |  |
| 500000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series A, PSF-GTD-Insured, 5.000% due 8/15/36 | 554456 |
| 1000000 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series A, PSF-GTD-Insured, 5.000% due 8/15/44 | 1034494 |
| 500000 | AA | Leander Independent School District, GO, Series B, 5.000% due 8/15/34(f) | 559595 |
| 315000 | Aaa(a) | New Caney Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/41 | 331983 |
| 500000 | AA- | North Texas Municipal Water District, Revenue Bonds, Panther Creek Regional Wastewater System, 5.250% due 6/1/43 | 531344 |
| 795000 | Aaa(a) | Northside Independent School District, GO, PSF-GTD-Insured, 0.700% due 6/1/50(b) | 795000 |
| 1000000 | AAA | Plano Independent School District, GO, PSF-GTD-Insured, 5.000% due 2/15/41 | 1058390 |
| 1000000 | AA | Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds, Cook Children's Medical Center, 5.250% due 12/1/49 | 1038199 |
| 500000 | AAA | Texas Water Development Board, Revenue Bonds, State Revolving Fund, 5.000% due 8/1/44 | 521834 |
|  |  | Total Texas | 8058846 |
| **Utah - 0.6%** | **Utah - 0.6%** | **Utah - 0.6%** | **Utah - 0.6%** |
| 500000 | Aaa(a) | Canyons School District, GO, School Bonds Guaranty Program, 2.500% due 6/15/30 | 469199 |
| **Virginia - 2.6%** | **Virginia - 2.6%** | **Virginia - 2.6%** | **Virginia - 2.6%** |
| 500000 | AA+ | Albemarle County Economic Development Authority, Revenue Bonds, Series A, 5.000% due 6/1/38 | 538433 |
| 225000 | AAA | Prince William County Service Authority, Revenue Bonds, 5.000% due 7/15/31 | 250055 |
| 80000 | AA+ | Virginia Housing Development Authority, Revenue Bonds, Series G, 5.150% due 11/1/52 | 80763 |
| 1000000 | AA+ | Virginia Public Building Authority, Revenue Bonds, Series A, 5.000% due 8/1/42 | 1060750 |
| 100000 | BBB | Virginia Small Business Financing Authority, Revenue Bonds, AMT, 4.000% due 1/1/48(d) | 82639 |
|  |  | Total Virginia | 2012640 |
| **Washington - 2.3%** | **Washington - 2.3%** | **Washington - 2.3%** | **Washington - 2.3%** |
|  |  | Pierce County School District No 10 Tacoma, GO, School Bonds Guaranty Program: |  |
| 1000000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 12/1/48 | 1030411 |
| 370000 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 12/1/44 | 385616 |
|  |  | Washington State Housing Finance Commission, Revenue Bonds: |  |
| 285000 | Ba2(a) | &nbsp;&nbsp;&nbsp;&nbsp; Spokane Int Acad Project, Series A, 4.000% due 7/1/26(c) | 281603 |
| 100000 | BB(e) | &nbsp;&nbsp;&nbsp;&nbsp; Transforming Age Projects, Series A, 5.000% due 1/1/26(c) | 100168 |
|  |  | Total Washington | 1797798 |
|  |  | **TOTAL MUNICIPAL BONDS**<br> (Cost - $74,509,076) | **73247109** |
| **SHORT-TERM INVESTMENTS - 6.2%** | **SHORT-TERM INVESTMENTS - 6.2%** | **SHORT-TERM INVESTMENTS - 6.2%** | **SHORT-TERM INVESTMENTS - 6.2%** |
| **TIME DEPOSITS - 6.2%** | **TIME DEPOSITS - 6.2%** | **TIME DEPOSITS - 6.2%** | **TIME DEPOSITS - 6.2%** |
| 3852329 |  | Citibank - New York, 3.680% due 6/2/25 | 3852329 |
| 940552 |  | JPMorgan Chase & Co. - New York, 3.680% due 6/2/25 | 940552 |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $4,792,881) | **4792881** |
|  |  | **TOTAL INVESTMENTS - 100.6%**<br> (Cost - $79,301,957) | **78039990** |
|  |  | Liabilities in Excess of Other Assets - (0.6)% | (503737) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**77536253** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

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

(a) Rating by Moody's Investors Service.

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

(c) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $2,726,509 and represents 3.5% of net assets.

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

(e) Rating by Fitch Ratings Service.

(f) When-issued security.

At May 31, 2025, for Municipal Bond Fund the aggregate cost of investments and the aggregate gross unrealized appreciation and

depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For**<br> **Federal Income**<br> **Tax Purposes** | **Gross**<br> **Unrealized**<br> **Appreciation** | **Gross**<br> **Unrealized**<br> **(Depreciation)** | **Net**<br> **Unrealized**<br> **(Depreciation)** |
|  Municipal Bond Fund | $79301957 | $288343 | $(1550310) | $(1261967) |

---

---

| | |
|:---|:---|
| **Abbreviations used in this schedule:** | **Abbreviations used in this schedule:** |
|  AMT | Alternative Minimum Tax |
|  GO | General Obligation |
|  PSF-GTD | Permanent School Fund Guaranteed |

---

---

| | |
|:---|:---|
| **Summary of Investments by Industry^** | |
|  General Obligation | 31.9% |
|  Water and Sewer | 12.8 |
|  School District | 12.4 |
|  Health Care Providers & Services | 8.4 |
|  Airport | 5.7 |
|  Utilities | 3.6 |
|  Development | 3.5 |
|  Single Family Housing | 2.7 |
|  Transportation | 2.7 |
|  Higher Education | 2.2 |
|  Bond Bank | 2.1 |
|  Education | 2.0 |
|  Tobacco Settlement | 1.9 |
|  Power | 1.3 |
|  Multifamily Housing | 0.6 |
|  Nursing Homes | 0.1 |
|  Short-Term Investments | 6.1 |
|  Total Investments | 100.0% |

---

---

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

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

---

| | | |
|:---|:---|:---|
| **Face <br>Amount/Units†** | **Security** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS - 109.9%** | **U.S. GOVERNMENT OBLIGATIONS - 109.9%** | **U.S. GOVERNMENT OBLIGATIONS - 109.9%** |
|  | U.S. Treasury Inflation Indexed Bonds: |  |
| $1326207 | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 1/15/26 | $1331246 |
| 2132758 | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 1/15/28 | 2156726 |
| 2948378 | &nbsp;&nbsp;&nbsp;&nbsp; 3.625% due 4/15/28 | 3134635 |
| 1626720 | &nbsp;&nbsp;&nbsp;&nbsp; 2.500% due 1/15/29 | 1688268 |
| 2426076 | &nbsp;&nbsp;&nbsp;&nbsp; 3.875% due 4/15/29 | 2645445 |
| 43245 | &nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 4/15/32(a) | 47834 |
| 858255 | &nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 2/15/40 | 837350 |
| 949312 | &nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 2/15/41 | 915923 |
| 1981602 | &nbsp;&nbsp;&nbsp;&nbsp; 0.750% due 2/15/42 | 1514731 |
| 1794532 | &nbsp;&nbsp;&nbsp;&nbsp; 0.625% due 2/15/43 | 1313383 |
| 2291774 | &nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 2/15/44 | 1898937 |
| 2607763 | &nbsp;&nbsp;&nbsp;&nbsp; 0.750% due 2/15/45 | 1878397 |
| 2011232 | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 2/15/46 | 1502502 |
| 1841681 | &nbsp;&nbsp;&nbsp;&nbsp; 0.875% due 2/15/47 | 1314071 |
| 2230823 | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 2/15/48 | 1615871 |
| 1525212 | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 2/15/49 | 1089101 |
| 1194259 | &nbsp;&nbsp;&nbsp;&nbsp; 0.250% due 2/15/50(a) | 679534 |
| 1474152 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 2/15/51 | 786384 |
| 1034037 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 2/15/52(a) | 541671 |
| 2151920 | &nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 2/15/53 | 1673962 |
| 2084260 | &nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 2/15/54 | 1873834 |
| 810856 | &nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 2/15/55(a) | 769431 |
|  | U.S. Treasury Inflation Indexed Notes: |  |
| 1561395 | &nbsp;&nbsp;&nbsp;&nbsp; 0.625% due 1/15/26 | 1554355 |
| 2805011 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 4/15/26 | 2775107 |
| 4850144 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 7/15/26 | 4808841 |
| 4330628 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 10/15/26 | 4279664 |
| 5203438 | &nbsp;&nbsp;&nbsp;&nbsp; 0.375% due 1/15/27 | 5131436 |
| 2831925 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 4/15/27 | 2770451 |
| 3935485 | &nbsp;&nbsp;&nbsp;&nbsp; 0.375% due 7/15/27 | 3878589 |
| 6478080 | &nbsp;&nbsp;&nbsp;&nbsp; 1.625% due 10/15/27(b) | 6552059 |
| 5287616 | &nbsp;&nbsp;&nbsp;&nbsp; 0.500% due 1/15/28 | 5176359 |
| 1066290 | &nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 4/15/28 | 1062158 |
| 4599682 | &nbsp;&nbsp;&nbsp;&nbsp; 0.750% due 7/15/28 | 4530907 |
| 5847520 | &nbsp;&nbsp;&nbsp;&nbsp; 2.375% due 10/15/28 | 6055958 |
| 3153959 | &nbsp;&nbsp;&nbsp;&nbsp; 0.875% due 1/15/29 | 3093414 |
| 1137433 | &nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 4/15/29 | 1165119 |
| 4710068 | &nbsp;&nbsp;&nbsp;&nbsp; 0.250% due 7/15/29 | 4499925 |
| 3150995 | &nbsp;&nbsp;&nbsp;&nbsp; 1.625% due 10/15/29 | 3178908 |
| 5270786 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 1/15/30 | 4945612 |
| 1105192 | &nbsp;&nbsp;&nbsp;&nbsp; 1.625% due 4/15/30 | 1107998 |
| 3954385 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 7/15/30 | 3690475 |
| 5418258 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 1/15/31 | 4981812 |
| 7410455 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 7/15/31 | 6762227 |
| 4384364 | &nbsp;&nbsp;&nbsp;&nbsp; 0.125% due 1/15/32 | 3937086 |
| 9356715 | &nbsp;&nbsp;&nbsp;&nbsp; 0.625% due 7/15/32(b) | 8647114 |
| 10844471 | &nbsp;&nbsp;&nbsp;&nbsp; 1.125% due 1/15/33(b) | 10264528 |
| 7055703 | &nbsp;&nbsp;&nbsp;&nbsp; 1.375% due 7/15/33 | 6782598 |
| 2289034 | &nbsp;&nbsp;&nbsp;&nbsp; 1.750% due 1/15/34 | 2247185 |
| 4179048 | &nbsp;&nbsp;&nbsp;&nbsp; 1.875% due 7/15/34(b) | 4141671 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS - 109.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 109.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 109.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 109.9% - (continued)** | **U.S. GOVERNMENT OBLIGATIONS - 109.9% - (continued)** |
| $4357835 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 1/15/35 | $4382939 |
|  |  |  | **TOTAL U.S. GOVERNMENT OBLIGATIONS**<br> (Cost - $165,931,785) | **153613731** |
| **MORTGAGE-BACKED SECURITIES - 14.2%** | **MORTGAGE-BACKED SECURITIES - 14.2%** | **MORTGAGE-BACKED SECURITIES - 14.2%** | **MORTGAGE-BACKED SECURITIES - 14.2%** | **MORTGAGE-BACKED SECURITIES - 14.2%** |
| **FHLMC - 3.4%** | **FHLMC - 3.4%** | **FHLMC - 3.4%** | **FHLMC - 3.4%** | **FHLMC - 3.4%** |
|  |  |  | Federal Home Loan Mortgage Corp. (FHLMC): |  |
| 86520 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 7/1/52 | 73703 |
| 354904 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 10/1/53 | 365783 |
| 4023305 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.000% due 3/1/54 | 4065846 |
| 296091 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.000% due 7/1/54 | 287013 |
|  |  |  | Total FHLMC | 4792345 |
| **FNMA - 8.1%** | **FNMA - 8.1%** | **FNMA - 8.1%** | **FNMA - 8.1%** | **FNMA - 8.1%** |
|  |  |  | Federal National Mortgage Association (FNMA): |  |
| 32431 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 3/1/50 | 30102 |
| 169269 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.000% due 5/1/52 | 144191 |
| 82286 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 10/1/52 | 77779 |
| 1765224 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 5/1/54 | 1748576 |
| 3200000 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.000% due 6/1/55(c) | 2931376 |
| 4600000 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 7/1/55(c) | 4334464 |
| 2000000 |  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6.500% due 7/1/55(c) | 2051237 |
|  |  |  | Total FNMA | 11317725 |
| **GNMA - 2.7%** | **GNMA - 2.7%** | **GNMA - 2.7%** | **GNMA - 2.7%** | **GNMA - 2.7%** |
| 4274165 |  |  | Government National Mortgage Association II (GNMA), 3.500% due 11/20/52 - 1/20/55 | 3802959 |
|  |  |  | **TOTAL MORTGAGE-BACKED SECURITIES**<br> (Cost - $20,089,286) | **19913029** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6%** |
| **Asset-Backed Securities - 6.8%** | **Asset-Backed Securities - 6.8%** | **Asset-Backed Securities - 6.8%** | **Asset-Backed Securities - 6.8%** | **Asset-Backed Securities - 6.8%** |
| 400000 |  | Aaa(d) | AIMCO CLO, Series 2015-AA, Class AR3, 5.530%<br>(3-Month Term SOFR + 1.250%) due 10/17/34(e)(f) | 400469 |
| 300000 | <sup>EUR</sup> | AAA | Arbour CLO VI DAC, Series 6A, Class AR, 3.293%<br>(3-Month EURIBOR + 1.150%) due 11/15/37(e)(f) | 340503 |
| 100202 |  | Aaa(d) | ARES L CLO Ltd., Series 2018-50A, Class AR, 5.568%<br>(3-Month Term SOFR + 1.312%) due 1/15/32(e)(f) | 100261 |
| 84322 |  | CCC | Bear Stearns Asset-Backed Securities Trust, Series 2004-1, Class M1, 5.414%<br>(1-Month Term SOFR + 1.089%) due 6/25/34(e) | 93107 |
| 143304 |  | AAA | BlueMountain CLO Ltd., Series 2016-3A, Class A1R2, 5.526%<br>(3-Month Term SOFR + 1.200%) due 11/15/30(e)(f) | 143348 |
| 218546 | <sup>EUR</sup> | Aaa(d) | Cairn CLO X DAC, Series 2018-10A, Class AR, 3.059%<br>(3-Month EURIBOR + 0.780%) due 10/15/31(e)(f) | 247828 |
| 500000 |  | AAA | Canyon CLO Ltd., Series 2020-1A, Class AR2, 5.336%<br>(3-Month Term SOFR + 1.080%) due 7/15/34(e)(f) | 496756 |
| 151114 | <sup>EUR</sup> | Aaa(d) | Carlyle Global Markets Strategis Euro CLO Ltd., Series 2014-2A, Class AR-1, 2.893% (3-Month EURIBOR + 0.750%) due 11/15/31(e)(f) | 171116 |
|  |  |  | Credit-Based Asset Servicing & Securitization LLC: |  |
| 135545 |  | CCC | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-CB3, Class M4, 3.408% (1-Month Term SOFR + 1.164%) due 6/25/35(e) | 131611 |
| 624880 |  | Caa2(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-CB6, Class A3, 4.661% (1-Month Term SOFR + 0.334%) due 7/25/37(e)(f) | 409729 |
|  |  |  | CWABS Asset-Backed Certificates Trust: |  |
| 149011 |  | Caa1(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-7, Class MV5, 6.164% (1-Month Term SOFR + 1.839%) due 11/25/34(e) | 133299 |
| 221077 |  | CC | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-1, Class 1A, 4.579% (1-Month Term SOFR + 0.254%) due 7/25/37(e) | 206145 |
| 46088 |  | D | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-6, Class 1A, 4.839% (1-Month Term SOFR + 0.514%) due 9/25/37(e) | 42152 |
| 236544 |  | CCC | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-8, Class 1A1, 4.629% (1-Month Term SOFR + 0.304%) due 11/25/37(e) | 224399 |
| 500000 | <sup>EUR</sup> | AAA | Dryden 44 Euro CLO, Series 2015-44A, Class A1RR, 3.159%<br>(3-Month EURIBOR + 0.880%) due 4/15/34(e)(f) | 567068 |
| 700000 | <sup>EUR</sup> | AAA | Dunedin Park CLO DAC, Series 1A, Class AR, 3.081%<br>(3-Month EURIBOR + 0.980%) due 11/20/34(e)(f) | 793061 |
| 434983 |  | BB | Ellington Loan Acquisition Trust, Series 2007-1, Class A1, 5.539%<br>(1-Month Term SOFR + 1.214%) due 5/25/37(e)(f) | 424919 |
| 17593 |  | Caa1(d) | GSAA Trust, Series 2006-7, Class AF4A, step bond to yield, 6.720% due 3/25/46 | 9254 |
| 82411 |  | Aaa(d) | LCM Loan Income Fund I Ltd., Series 1A, Class A, 5.561%<br>(3-Month Term SOFR + 1.292%) due 4/20/31(e)(f) | 82572 |
| 145785 |  | Caa2(d) | Long Beach Mortgage Loan Trust, Series 2006-7, Class 2A2, 4.679%<br>(1-Month Term SOFR + 0.354%) due 8/25/36(e) | 58720 |
| 175726 |  | Aaa(d) | Magnetite XII Ltd., Series 2015-12A, Class AR4, 5.406%<br>(3-Month Term SOFR + 1.150%) due 10/15/31(e)(f) | 175813 |
| 614615 | <sup>EUR</sup> | Aaa(d) | Man GLG Euro CLO V DAC, Series 5A, Class A1R, 3.191%<br>(3-Month EURIBOR + 0.690%) due 12/15/31(e)(f) | 696689 |
|  |  |  | Option One Mortgage Loan Trust: |  |
| 79617 |  | CC | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-1, Class 1A1, 4.579% (1-Month Term SOFR + 0.254%) due 1/25/37(e) | 51037 |
| 73264 |  | D | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-2, Class 1A1, 4.579% (1-Month Term SOFR + 0.254%) due 3/25/37(e) | 48766 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 11.6% - (continued)** |
| **Asset-Backed Securities - 6.8% - (continued)** | **Asset-Backed Securities - 6.8% - (continued)** | **Asset-Backed Securities - 6.8% - (continued)** | **Asset-Backed Securities - 6.8% - (continued)** | **Asset-Backed Securities - 6.8% - (continued)** |
| 467318 | <sup>EUR</sup> | Aaa(d) | Palmer Square European Loan Funding DAC, Series 2023-3A, Class AR, 3.113% (3-Month EURIBOR + 0.970%) due 5/15/33(e)(f) | $531010 |
| $75394 |  | AA- | RASC Trust, Series 2006-KS3, Class M1, 4.934% (1-Month Term SOFR + 0.444%) due 4/25/36(e) | 74772 |
| 87710 |  | Caa3(d) | Securitized Asset-Backed Receivables LLC Trust, Series 2006-HE2, Class A2C, 4.739% (1-Month Term SOFR + 0.414%) due 7/25/36(e) | 34337 |
|  |  |  | Soundview Home Loan Trust: |  |
| 182707 |  | Caa1(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-OPT1, Class 1A1, 4.639% (1-Month Term SOFR + 0.314%) due 6/25/37(e) | 123964 |
| 42258 |  | CCC | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-OPT2, Class 2A3, 4.619% (1-Month Term SOFR + 0.294%) due 7/25/37(e) | 37886 |
| 461634 | <sup>EUR</sup> | Aaa(d) | St Paul's CLO IV DAC, Series 4A, Class ARR1, 2.988% (3-Month EURIBOR + 0.830%) due 4/25/30(e)(f) | 522783 |
| 449465 |  | AAA | TIAA CLO IV Ltd., Series 2018-1A, Class A1AR, 5.409% (3-Month Term SOFR + 1.140%) due 1/20/32(e)(f) | 449621 |
| 508975 |  | AAA | Tralee CLO VI Ltd., Series 2019-6A, Class A1RR, 5.502% (3-Month Term SOFR + 1.220%) due 10/25/32(e)(f) | 508937 |
| 500000 |  | AAA | Trinitas CLO VI Ltd., Series 2017-6A, Class ARRR, 5.612% (3-Month Term SOFR + 1.330%) due 1/25/34(e)(f) | 500142 |
| 600000 |  | AAA | Trinitas CLO XIV Ltd., Series 2020-14A, Class A1R, 5.622% (3-Month Term SOFR + 1.340%) due 1/25/34(e)(f) | 600171 |
|  |  |  | Voya CLO Ltd.: |  |
| 41717 |  | Aaa(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-1A, Class A1R, 5.491% (3-Month Term SOFR + 1.212%) due 4/17/30(e)(f) | 41738 |
| 38007 |  | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-2A, Class A1R, 5.498% (3-Month Term SOFR + 1.242%) due 6/7/30(e)(f) | 38070 |
|  |  |  | Total Asset-Backed Securities | 9512053 |
| **Mortgage Securities - 4.8%** | **Mortgage Securities - 4.8%** | **Mortgage Securities - 4.8%** | **Mortgage Securities - 4.8%** | **Mortgage Securities - 4.8%** |
|  |  |  | Alternative Loan Trust: |  |
| 149566 |  | Caa2(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-HY11, Class A1, 4.679% (1-Month Term SOFR + 0.354%) due 6/25/36(e) | 140581 |
| 25013 |  | WR(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-4CB, Class 1A35, 6.000% due 4/25/37 | 20876 |
| 347573 |  | Caa1(d) | Alternative Loan Trust Resecuritization, Series 2008-2R, Class 1A1, 6.000% due 8/25/37(e) | 285988 |
| 11877 |  | WR(d) | Bear Stearns Adjustable Rate Mortgage Trust, Series 2003-3, Class 3A2, 6.642% due 5/25/33(e) | 11402 |
| 19475 |  | WR(d) | Chevy Chase Funding LLC Mortgage-Backed Certificates, Series 2004-A, Class A1, 4.799% (1-Month Term SOFR + 0.474%)<br>due 3/25/35(e)(f) | 19264 |
|  |  |  | CHL Mortgage Pass-Through Trust: |  |
| 395723 |  | WR(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-HYB6, Class 2A1, 5.033% due 10/20/35(e) | 373959 |
| 37724 |  | WR(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2005-HYB9, Class 2A1, 7.210% (1-Year Term SOFR + 2.465%) due 2/20/36(e) | 34626 |
| 79098 |  | WD(g) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2006-6, Class A4, 6.000% due 4/25/36 | 38137 |
| 116394 |  | WD(g) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-1, Class A1, 6.000% due 3/25/37 | 51796 |
|  |  |  | Citigroup Mortgage Loan Trust: |  |
| 2660 |  | WR(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2004-HYB2, Class 2A, 6.757% due 3/25/34(e) | 2451 |
| 102682 |  | Caa2(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2007-AR4, Class 1A1A, 4.745% due 3/25/37(e) | 86759 |
| 12199 |  | CCC(g) | Citigroup Mortgage Loan Trust Inc., Series 2004-NCM2, Class 1CB1, 5.500% due 8/25/34 | 11998 |
| 48154 |  | NR | Credit Suisse Commercial Mortgage, Series 2015-3R, Class 5A2, 4.589% (1-Month Term SOFR + 0.264%) due 9/29/36(e)(f) | 47655 |
| 700000 |  | NR | Federal National Mortgage Association (FNMA), REMICS, Series 2025-47, Class FJ, 5.330% (30-Day Average SOFR + 1.030%)<br>due 6/25/55(e)(h) | 700219 |
| 117617 |  | NR | Freddie Mac Multifamily Structured Pass Through Certificates,<br>Series KBX1, Class A2, 2.920% due 1/25/26 | 116189 |
|  |  |  | Government National Mortgage Association (GNMA): |  |
| 206369 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-H15, Class FG, 5.461% (1-Year Term SOFR + 0.865%)<br>due 8/20/68(e) | 207355 |
| 490935 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-H11, Class FC, 5.428% (30-Day Average SOFR + 1.100%) due 5/20/73(e) | 497752 |
| 2569301 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-H19, Class FA, 5.228% (30-Day Average SOFR + 0.900%) due 8/20/73(e) | 2578062 |
| 2667 |  | AA- | HarborView Mortgage Loan Trust, Series 2005-9, Class 2A1A, 5.119% (1-Month Term SOFR + 0.794%) due 6/20/35(e) | 2531 |
| 36689 |  | B- | IndyMac INDX Mortgage Loan Trust, Series 2005-16IP, Class A1, 5.079%<br>(1-Month Term SOFR + 0.754%) due 7/25/45(e) | 29103 |
| 97292 |  | CCC | JP Morgan Alternative Loan Trust, Series 2006-A1, Class 1A1, 4.899%<br>(1-Month Term SOFR + 0.574%) due 3/25/36(e) | 90865 |
| 57172 |  | BBB- | JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-FL12, Class A, 5.826% (1-Month Term SOFR + 1.497%)<br>due 12/15/31(e)(f) | 56956 |
| 169918 |  | WD(g) | Lehman XS Trust, Series 2007-20N, Class A1, 6.739% (1-Month Term SOFR + 2.414%) due 12/25/37(e) | 164779 |
| 600000 |  | Aaa(d) | LUX Trust LION, Class A, 7.019% (1-Month Term SOFR + 2.690%)<br>due 8/15/40(e)(f) | 606154 |
| 2662 |  | WR(d) | MRFC Mortgage Pass-Through Trust, Series 2000-TBC2, Class A1, 4.923% (1-Month Term SOFR + 0.594%) due 6/15/30(e) | 2591 |
|  |  |  | New Residential Mortgage Loan Trust: |  |
| 26604 |  | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-3A, Class A1, 4.500% due 5/25/58(e)(f) | 25894 |
| 126772 |  | Aaa(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-RPL3, Class A1, 2.750% due 7/25/59(e)(f) | 121338 |
| 511519 |  | WD(g) | Residential Asset Securitization Trust, Series 2006-A10, Class A5, 6.500% due 9/25/36 | 154548 |
| 413280 |  | Caa3(d) | Securitized Asset-Backed Receivables LLC Trust, Series 2006-FR3,<br>Class A3, 4.939% (1-Month Term SOFR + 0.614%) due 5/25/36(e) | 212364 |
| 42561 |  | WR(d) | Sequoia Mortgage Trust, Series 6, Class A, 5.081% (1-Month Term SOFR + 0.754%) due 4/19/27(e) | 41537 |
|  |  |  | WaMu Mortgage Pass-Through Certificates Trust: |  |
| 3792 |  | BB(g) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2002-AR2, Class A, 4.182% (11th District Cost of Funds Index + 1.250%) due 2/27/34(e) | 3650 |
| 1876 |  | WR(d) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2002-AR17, Class 1A, 5.697% (1-Year Treasury Average Rate + 1.200%) due 11/25/42(e) | 1792 |
|  |  |  | Total Mortgage Securities | 6739171 |
|  |  |  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $16,956,996) | **16251224** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Rating††** | **Security** | **Value** |
| **SOVEREIGN BONDS - 2.6%** | **SOVEREIGN BONDS - 2.6%** | **SOVEREIGN BONDS - 2.6%** | **SOVEREIGN BONDS - 2.6%** | **SOVEREIGN BONDS - 2.6%** |
| **Canada - 0.3%** | **Canada - 0.3%** | **Canada - 0.3%** | **Canada - 0.3%** | **Canada - 0.3%** |
|  |  |  | Canadian Government Real Return Bonds: |  |
| 558480 | <sup>CAD</sup> | AAA | &nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 12/1/26 | $429193 |
| 62900 | <sup>CAD</sup> | AAA | &nbsp;&nbsp;&nbsp;&nbsp; 0.500% due 12/1/50 | 35374 |
|  |  |  | Total Canada | 464567 |
| **France - 0.9%** | **France - 0.9%** | **France - 0.9%** | **France - 0.9%** | **France - 0.9%** |
|  |  |  | French Republic Government Bonds OAT: |  |
| 727410 | <sup>EUR</sup> | AA-u(g) | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 3/1/26(f) | 822575 |
| 242846 | <sup>EUR</sup> | AA-u(g) | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 7/25/31(f) | 264039 |
| 119220 | <sup>EUR</sup> | AA-u(g) | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 7/25/38(f) | 113870 |
|  |  |  | Total France | 1200484 |
| **Italy - 0.3%** | **Italy - 0.3%** | **Italy - 0.3%** | **Italy - 0.3%** | **Italy - 0.3%** |
| 369342 | <sup>EUR</sup> | Baa3u(d) | Italy Buoni Poliennali Del Tesoro, 0.400% due 5/15/30(f) | 407859 |
| **Japan - 1.1%** | **Japan - 1.1%** | **Japan - 1.1%** | **Japan - 1.1%** | **Japan - 1.1%** |
|  |  |  | Japanese Government CPI Linked Bonds: |  |
| 66007430 | <sup>JPY</sup> | A1(d) | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 3/10/28 | 476388 |
| 148880700 | <sup>JPY</sup> | A1(d) | &nbsp;&nbsp;&nbsp;&nbsp; 0.100% due 3/10/29 | 1074175 |
|  |  |  | Total Japan | 1550563 |
| **Mexico - 0.0%@** | **Mexico - 0.0%@** | **Mexico - 0.0%@** | **Mexico - 0.0%@** | **Mexico - 0.0%@** |
| 305206 | <sup>MXN</sup> | BBB-(g) | Mexican Udibonos, 4.000% due 8/24/34 | 14538 |
|  |  |  | **TOTAL SOVEREIGN BONDS**<br> (Cost - $4,260,386) | **3638011** |
| **CORPORATE BONDS & NOTES - 0.1%** | **CORPORATE BONDS & NOTES - 0.1%** | **CORPORATE BONDS & NOTES - 0.1%** | **CORPORATE BONDS & NOTES - 0.1%** | **CORPORATE BONDS & NOTES - 0.1%** |
| **Banks - 0.1%** | **Banks - 0.1%** | **Banks - 0.1%** | **Banks - 0.1%** | **Banks - 0.1%** |
| 100000 | <sup>GBP</sup> | BBB | HSBC Holdings PLC, Subordinated Notes, 6.000% due 3/29/40 | 127079 |
| 34193 | <sup>DKK</sup> | AAA | Nykredit Realkredit AS, Covered Notes, 1.000% due 10/1/50 | 4059 |
|  |  |  | Total Banks | 131138 |
| **Diversified Financial Services - 0.0%@** | **Diversified Financial Services - 0.0%@** | **Diversified Financial Services - 0.0%@** | **Diversified Financial Services - 0.0%@** | **Diversified Financial Services - 0.0%@** |
| 98711 | <sup>DKK</sup> | AAA | Jyske Realkredit AS, Covered Notes, 1.500% due 10/1/53 | 11842 |
| 100000 | <sup>DKK</sup> | AAA | Nordea Kredit Realkreditaktieselskab, Covered Notes, 1.500% due 10/1/53 | 10647 |
|  |  |  | Realkredit Danmark AS, Covered Notes: |  |
| 17881 | <sup>DKK</sup> | AAA | &nbsp;&nbsp;&nbsp;&nbsp; 1.000% due 10/1/53 | 2118 |
| 171545 | <sup>DKK</sup> | AAA | &nbsp;&nbsp;&nbsp;&nbsp; 1.500% due 10/1/53 | 21182 |
|  |  |  | Total Diversified Financial Services | 45789 |
|  |  |  | **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $234,607) | **176927** |
|  |  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $207,473,060) | **193592922** |
| **SHORT-TERM INVESTMENTS - 0.4%** | **SHORT-TERM INVESTMENTS - 0.4%** | **SHORT-TERM INVESTMENTS - 0.4%** | **SHORT-TERM INVESTMENTS - 0.4%** | **SHORT-TERM INVESTMENTS - 0.4%** |
| **TIME DEPOSITS - 0.4%** | **TIME DEPOSITS - 0.4%** | **TIME DEPOSITS - 0.4%** | **TIME DEPOSITS - 0.4%** | **TIME DEPOSITS - 0.4%** |
| 21938 | <sup>AUD</sup> |  | ANZ National Bank - London, 2.570% due 6/2/25 | 14142 |
|  |  |  | BNP Paribas - Paris: |  |
| 853 | <sup>CHF</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.000% due 6/2/25 | 1036 |
| 167230 | <sup>NZD</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 6/3/25 | 99929 |
| $108541 |  |  | Citibank - New York, 3.680% due 6/2/25 | 108541 |
| 1254829 | <sup>JPY</sup> |  | DNB - Oslo, 0.120% due 6/2/25 | 8721 |
| 13635 | <sup>SGD</sup> |  | HSBC Bank - Singapore, 0.640% due 6/2/25 | 10573 |
| 110157 | <sup>CAD</sup> |  | Royal Bank of Canada - Toronto, 1.570% due 6/2/25 | 80269 |
|  |  |  | Skandinaviska Enskilda Banken AB - Stockholm: |  |
| 10170 | <sup>DKK</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 0.730% due 6/2/25 | 1548 |
| 1634 | <sup>SEK</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 1.070% due 6/2/25 | 170 |
| 57732 | <sup>GBP</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.170% due 6/2/25 | 77792 |
| 2393 | <sup>NOK</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp; 3.230% due 6/2/25 | 234 |
| 215 | <sup>ZAR</sup> |  | Standard Chartered Bank - Johannesburg, 5.450% due 6/2/25 | 12 |
| 116745 | <sup>EUR</sup> |  | Sumitomo Mitsui Banking Corp. - Tokyo, 1.080% due 6/2/25 | 132564 |
|  |  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $535,531) | **535531** |
|  |  |  | **TOTAL INVESTMENTS - 138.8%**<br> (Cost - $208,008,591) | **194128453** |
|  |  |  | Liabilities in Excess of Other Assets - (38.8)% | (54294346) |
|  |  |  | **TOTAL NET ASSETS - 100.0%** | $**139834107** |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

† Amount denominated in U.S. dollars, unless otherwise noted.

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

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) All or a portion of this security is held at the broker as collateral for open over-the-counter
("OTC") swap contracts.

(b) Position, or portion thereof, has been segregated to collateralize reverse repurchase agreement.

(c) This security is traded on a TBA basis (see Note 1).

(d) Rating by Moody's Investors Service.

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

(f) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $10,728,208 and represents 7.7% of net assets.

(g) Rating by Fitch Ratings Service.

(h) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

At May 31, 2025, for Inflation-Linked Fixed Income Fund the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income <br>Tax Purposes** | **Gross <br>Unrealized <br>Appreciation** | **Gross <br>Unrealized <br>(Depreciation)** | **Net <br>Unrealized <br>(Depreciation)** |
|  Inflation-Linked Fixed Income Fund | $208008591 | $716250 | $(13821205) | $(13104955) |

---

---

| | |
|:---|:---|
| **Abbreviations used in this schedule:** | **Abbreviations used in this schedule:** |
|  CLO | Collateralized Loan Obligation |
|  CPI | Consumer Price Index |
|  DAC | Designated Activity Company |
|  EURIBOR | Euro Interbank Offered Rate |
|  LLC | Limited Liability Company |
|  OAT | Obligations assimilables du Trésor |
|  PLC | Public Limited Company |
|  REMICS | Real Estate Mortgage Investment Conduits |
|  SOFR | Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
|  U.S. Government Obligations | 79.1% |
|  Mortgage-Backed Securities | 10.2 |
|  Collateralized Mortgage Obligations | 8.4 |
|  Sovereign Bonds | 1.9 |
|  Corporate Bonds & Notes | 0.1 |
|  Short-Term Investments | 0.3 |
|  Total Investments | 100.0% |

---

---

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

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund held the following Options Contracts Written:

**Interest Rate Swaptions** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Number of<br>Contracts** | **Notional <br>Amount†** | | **Security Name** | **Counterparty** | **Expiration<br>Date** | **Exercise<br>Rate** | **Value** |
| 6900000 | 137724 | <sup>EUR</sup> | OTC 2-Year Swaption, 3-Month EURIBOR, Call | BCLY | 1/25/27 | 2.440% | $77455 |
| 6900000 | 137724 | <sup>EUR</sup> | OTC 2-Year Swaption, 3-Month EURIBOR, Put | BCLY | 1/25/27 | 2.440% | 40452 |
| 1500000 | 29940 | <sup>EUR</sup> | OTC 10-Year Swaption, 3-Month EURIBOR, Call | BCLY | 9/8/25 | 2.740% | 42629 |
| 1500000 | 29940 | <sup>EUR</sup> | OTC 10-Year Swaption, 3-Month EURIBOR, Put | BCLY | 9/8/25 | 2.740% | 9162 |
|  |  |  | **TOTAL OPTIONS CONTRACTS WRITTEN**<br> (Premiums received — $192,390) |  |  |  | $**169698** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund held the following Reverse Repurchase Agreement:

---

| | | |
|:---|:---|:---|
| **Face<br>Amount†** | **Security** | **Value** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26060500 | Barclays Capital Inc., 4.470% due 6/5/25 |  |
|  | (Proceeds — $26,060,500) | $**26060500** |

---

For the period ended May 31, 2025, the daily average borrowing and interest rate under the reverse repurchase agreements were $41,415,354 and 4.697%, respectively.

† Amount denominated in U.S. dollars, unless otherwise noted.

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund had open exchange-traded futures contracts as described below.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3-Month Euro-Euribor Futures | 107 | 9/26 | $29750511 | $29833956 | $83445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Government 10-Year Bond Futures | 22 | 6/25 | 1596376 | 1618717 | 22341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Bobl Futures | 5 | 6/25 | 677712 | 676418 | (1294) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-BTP Futures | 20 | 6/25 | 2715105 | 2751316 | 36211 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 5-Year Note Futures | 4 | 9/25 | 431281 | 432750 | 1469 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Ultra Long Bond Futures | 95 | 9/25 | 10648532 | 10691953 | 43421 |
|  |  |  |  |  | 185593 |
|  **Contracts to Sell:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3-Month Euro-Euribor Futures | 107 | 9/25 | 29750114 | 29817250 | (67136) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Bund Futures | 2 | 6/25 | 298001 | 297978 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Buxl 30-Year Bond Futures | 12 | 6/25 | 1696823 | 1656649 | 40174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-OAT Futures | 29 | 6/25 | 4121377 | 4140885 | (19508) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro-Schatz Note Futures | 13 | 6/25 | 1578669 | 1584574 | (5905) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 2-Year Note Futures | 115 | 9/25 | 23822680 | 23855313 | (32633) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 10-Year Note Futures | 117 | 9/25 | 12860859 | 12957750 | (96891) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Ultra Long Bond Futures | 10 | 9/25 | 1136094 | 1160625 | (24531) |
|  |  |  |  |  | (206407) |
|  Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | $(20814) |

---

At May 31, 2025, Inflation-Linked Fixed Income Fund had deposited cash of $565,000 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund had open forward foreign currency contracts as described below.

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 1062000 | USD | 684140 | BCLY | $684618 | 6/3/25 | $478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 309000 | USD | 198078 | BCLY | 199197 | 6/3/25 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 226564 | USD | 40000 | BCLY | 39620 | 6/3/25 | (380) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 284145 | USD | 50000 | BCLY | 49690 | 6/3/25 | (310) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 6858568 | USD | 1202825 | BNP | 1191280 | 7/2/25 | (11545) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 8697275 | USD | 1523512 | BNP | 1520928 | 6/3/25 | (2584) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1766288 | USD | 309403 | HSBC | 308878 | 6/3/25 | (525) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 10166066 | USD | 1717502 | SCB | 1777782 | 6/3/25 | 60280 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 232000 | USD | 311121 | BCLY | 312608 | 6/3/25 | 1487 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 232000 | USD | 312546 | JPM | 312651 | 7/2/25 | 105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 2296574 | USD | 1669629 | HSBC | 1673461 | 6/3/25 | 3832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 364000 | USD | 50634 | BNP | 50574 | 6/18/25 | (60) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 362000 | USD | 50148 | BNP | 50296 | 6/18/25 | 148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 440000 | USD | 60808 | BNP | 61133 | 6/18/25 | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 319000 | USD | 43900 | BNP | 44322 | 6/18/25 | 422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1092000 | USD | 151292 | BNP | 151721 | 6/18/25 | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 368000 | USD | 50432 | BNP | 51129 | 6/18/25 | 697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 556000 | USD | 76588 | BNP | 77637 | 8/20/25 | 1049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 65000 | USD | 73443 | BCLY | 73808 | 6/3/25 | 365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 79000 | USD | 88613 | BCLY | 89704 | 6/3/25 | 1091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 3227000 | USD | 3661251 | HSBC | 3664259 | 6/3/25 | 3008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 4594000 | USD | 5213731 | MLP | 5216489 | 6/3/25 | 2758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 8620023 | USD | 100761 | BNP | 100644 | 6/30/25 | (117) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 15749085 | USD | 183696 | DUB | 183880 | 6/30/25 | 184 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 3097386 | USD | 35839 | DUB | 36164 | 6/30/25 | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 25770568 | USD | 302582 | HSBC | 300887 | 6/30/25 | (1695) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 15593517 | USD | 181785 | HSBC | 182064 | 6/30/25 | 279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 12039062 | USD | 140709 | JPM | 140563 | 6/30/25 | (146) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 3106885 | USD | 36281 | JPM | 36275 | 6/30/25 | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 5077509 | USD | 59271 | JPM | 59283 | 6/30/25 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 17235687 | USD | 200655 | JPM | 201237 | 6/30/25 | 582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 32501822 | USD | 382472 | MLP | 379478 | 6/30/25 | (2994) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 2955761 | USD | 34495 | MLP | 34510 | 6/30/25 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 3053727 | USD | 35293 | SCB | 35654 | 6/30/25 | 361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 3302760000 | USD | 200000 | BCLY | 202682 | 6/10/25 | 2682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 3311284243 | USD | 202960 | BNP | 202894 | 7/16/25 | (66) |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 6447400102 | USD | 389324 | SCB | 395528 | 6/18/25 | 6204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 309619 | USD | 88110 | JPM | 88123 | 6/4/25 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 71000 | USD | 20076 | JPM | 20208 | 6/4/25 | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 59738217 | USD | 414604 | HSBC | 415151 | 6/3/25 | 547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 81791628 | USD | 566738 | HSBC | 568412 | 6/3/25 | 1674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 557158278 | USD | 400000 | BNP | 403406 | 6/9/25 | 3406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 281776378 | USD | 199499 | DUB | 204062 | 6/12/25 | 4563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 147232411 | USD | 106827 | JPM | 106675 | 6/18/25 | (152) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 146556201 | USD | 106214 | JPM | 106144 | 6/13/25 | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 129261496 | USD | 91000 | JPM | 93654 | 6/18/25 | 2654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 281499852 | USD | 198407 | JPM | 203862 | 6/12/25 | 5455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 547265261 | USD | 385580 | JPM | 396329 | 6/12/25 | 10749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 100297283 | USD | 73352 | MLP | 72602 | 6/5/25 | (750) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 129255280 | USD | 88000 | MLP | 93650 | 6/18/25 | 5650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 292994911 | USD | 205485 | MLP | 212285 | 6/18/25 | 6800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexican Peso | 2232000 | USD | 113309 | MLP | 114854 | 6/18/25 | 1545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexican Peso | 3916000 | USD | 198840 | MLP | 201508 | 6/18/25 | 2668 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 2884003 | USD | 88612 | BNP | 96740 | 7/16/25 | 8128 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3819652 | USD | 117365 | BNP | 128125 | 7/16/25 | 10760 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 7842576 | USD | 272000 | JPM | 263878 | 8/20/25 | (8122) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 5977000 | USD | 200000 | JPM | 199840 | 6/9/25 | (160) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 184662 | USD | 110022 | JPM | 110345 | 6/3/25 | 323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 344605 | USD | 88942 | BCLY | 92066 | 6/6/25 | 3124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 215422 | USD | 56143 | BNP | 57534 | 6/20/25 | 1391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 2815836 | USD | 727832 | BNP | 752291 | 6/6/25 | 24459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 178257 | USD | 46185 | HSBC | 47608 | 6/20/25 | 1423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 210524 | USD | 54679 | JPM | 56226 | 6/20/25 | 1547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 898187 | USD | 231746 | JPM | 239923 | 6/13/25 | 8177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 200000 | USD | 155284 | DUB | 155081 | 6/3/25 | (203) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Buy: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 8389 | USD | 6500 | DUB | $6505 | 6/3/25 | $5 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 776804 | USD | 604376 | HSBC | 602337 | 6/3/25 | (2039) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 323348 | USD | 251261 | JPM | 250725 | 6/3/25 | (536) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 10262651 | USD | 532149 | JPM | 569851 | 6/23/25 | 37702 |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 3646000 | USD | 199931 | MLP | 202450 | 6/23/25 | 2519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 59000 | USD | 71760 | BCLY | 71706 | 6/3/25 | (54) |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 352918 | USD | 427929 | HSBC | 428923 | 6/3/25 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 164000 | USD | 199003 | MLP | 199319 | 6/3/25 | 316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 327666 | USD | 10000 | HSBC | 10003 | 7/16/25 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp; Turkish Lira | 1396842 | USD | 34429 | BCLY | 34329 | 7/7/25 | (100) |
|  |  |  |  |  |  |  | 202350 |
|  **Contracts to Sell:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 1062000 | USD | 684411 | BCLY | 684903 | 7/2/25 | (492) |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 1328000 | USD | 851657 | JPM | 856095 | 6/3/25 | (4438) |
| &nbsp;&nbsp;&nbsp;&nbsp; Australian Dollar | 43000 | USD | 27820 | MLP | 27720 | 6/3/25 | 100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 510709 | USD | 89461 | BCLY | 89309 | 6/3/25 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1158008 | USD | 200000 | BNP | 202506 | 6/3/25 | (2506) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 726345 | USD | 127000 | BNP | 127019 | 6/3/25 | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 6812921 | USD | 1202825 | BNP | 1191403 | 6/3/25 | 11422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 1766288 | USD | 308948 | HSBC | 308878 | 6/3/25 | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brazilian Real | 10166066 | USD | 1780802 | SCB | 1777781 | 6/3/25 | 3021 |
| &nbsp;&nbsp;&nbsp;&nbsp; British Pound | 232000 | USD | 312504 | JPM | 312608 | 6/3/25 | (104) |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 2297576 | USD | 1659959 | BNP | 1674191 | 6/3/25 | (14232) |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Dollar | 2293176 | USD | 1669629 | HSBC | 1673413 | 7/2/25 | (3784) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 551000 | USD | 76666 | BCLY | 76938 | 8/20/25 | (272) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2481634 | USD | 341218 | BNP | 344794 | 6/18/25 | (3576) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 705253 | USD | 96665 | BNP | 97987 | 6/18/25 | (1322) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 595906 | USD | 81478 | BNP | 82794 | 6/18/25 | (1316) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 544000 | USD | 74515 | BNP | 75582 | 6/18/25 | (1067) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 508000 | USD | 69580 | BNP | 70580 | 6/18/25 | (1000) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1276178 | USD | 176513 | BNP | 177310 | 6/18/25 | (797) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 718000 | USD | 99310 | BNP | 99758 | 6/18/25 | (448) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1455000 | USD | 202954 | BNP | 203167 | 8/20/25 | (213) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 739000 | USD | 102001 | HSBC | 102675 | 6/18/25 | (674) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 374522 | USD | 51837 | HSBC | 52296 | 8/20/25 | (459) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 373484 | USD | 51826 | HSBC | 52005 | 7/16/25 | (179) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 2036023 | USD | 278957 | JPM | 282882 | 6/18/25 | (3925) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 491355 | USD | 67931 | JPM | 68610 | 8/20/25 | (679) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 762500 | USD | 105997 | JPM | 106471 | 8/20/25 | (474) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 294237 | USD | 40704 | JPM | 40970 | 7/16/25 | (266) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 296879 | USD | 41200 | JPM | 41338 | 7/16/25 | (138) |
| &nbsp;&nbsp;&nbsp;&nbsp; Chinese Offshore Renminbi | 1543457 | USD | 211220 | MLP | 214445 | 6/18/25 | (3225) |
| &nbsp;&nbsp;&nbsp;&nbsp; Danish Krone | 415450 | USD | 62919 | JPM | 63369 | 7/2/25 | (450) |
| &nbsp;&nbsp;&nbsp;&nbsp; Danish Krone | 416552 | USD | 63606 | MLP | 63407 | 6/3/25 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 96000 | USD | 108938 | BCLY | 109008 | 6/3/25 | (70) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 173000 | USD | 197199 | HSBC | 196442 | 6/3/25 | 757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 4594000 | USD | 5223603 | MLP | 5226209 | 7/2/25 | (2606) |
| &nbsp;&nbsp;&nbsp;&nbsp; Euro | 7696000 | USD | 8742579 | MLP | 8738811 | 6/3/25 | 3768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indian Rupee | 6684593 | USD | 79000 | JPM | 78047 | 6/30/25 | 953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Indonesian Rupiah | 3306920613 | USD | 202960 | BNP | 202938 | 6/10/25 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 317677 | USD | 90390 | BCLY | 90418 | 6/11/25 | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 613012 | USD | 171553 | JPM | 174474 | 6/4/25 | (2921) |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 365000 | USD | 103072 | JPM | 103885 | 6/4/25 | (813) |
| &nbsp;&nbsp;&nbsp;&nbsp; Israeli New Shekel | 309619 | USD | 88110 | JPM | 88125 | 6/11/25 | (15) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 6881033 | USD | 48242 | BCLY | 47820 | 6/3/25 | 422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 63292064 | USD | 441905 | BNP | 439849 | 6/3/25 | 2056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 64584053 | USD | 451986 | BNP | 448828 | 6/3/25 | 3158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 81523334 | USD | 566738 | HSBC | 568410 | 7/2/25 | (1672) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 59541902 | USD | 414604 | HSBC | 415147 | 7/2/25 | (543) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 12598718 | USD | 87712 | HSBC | 87843 | 7/2/25 | (131) |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 9985057 | USD | 69922 | HSBC | 69391 | 6/3/25 | 531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japanese Yen | 9415565 | USD | 66204 | HSBC | 65434 | 6/3/25 | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 278535600 | USD | 196000 | BCLY | 201808 | 6/18/25 | (5808) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 690832673 | USD | 484948 | BNP | 500300 | 6/12/25 | (15352) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 910657119 | USD | 628061 | DUB | 659802 | 6/18/25 | (31741) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 272671754 | USD | 190626 | DUB | 197468 | 6/12/25 | (6842) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 141092185 | USD | 99115 | DUB | 102226 | 6/18/25 | (3111) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 100267940 | USD | 69830 | DUB | 72580 | 6/5/25 | (2750) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 233034165 | USD | 161962 | HSBC | 168841 | 6/18/25 | (6879) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 547377080 | USD | 385580 | JPM | 396324 | 6/9/25 | (10744) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 146568947 | USD | 106214 | JPM | 106145 | 6/12/25 | 69 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 147282619 | USD | 106827 | JPM | 106670 | 6/13/25 | 157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 115607200 | USD | 80000 | MLP | 83761 | 6/18/25 | (3761) |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 99992140 | USD | 73352 | MLP | 72595 | 7/16/25 | 757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Korean Won | 27817800 | USD | 20000 | SCB | 20163 | 6/23/25 | (163) |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexican Peso | 2033000 | USD | 104070 | JPM | 104613 | 6/18/25 | (543) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 299880 | USD | 10000 | BCLY | 10038 | 6/23/25 | (38) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 6657590 | USD | 203540 | BNP | 224007 | 8/20/25 | (20467) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Currency** | **Local Currency** | **In Exchange For** | **In Exchange For** | **Counterparty** | **Value** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation/**<br> **(Depreciation)** |
|  **Contracts to Sell: (continued)** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 5069168 | USD | 155960 | BNP | $170561 | 8/20/25 | $(14601) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4493017 | USD | 138064 | BNP | 150712 | 7/16/25 | (12648) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3677623 | USD | 113325 | BNP | 123361 | 7/16/25 | (10036) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4322622 | USD | 146000 | BNP | 145442 | 8/20/25 | 558 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 8225884 | USD | 251410 | HSBC | 276775 | 8/20/25 | (25365) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4625347 | USD | 141921 | HSBC | 155151 | 7/16/25 | (13230) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 7516792 | USD | 229794 | JPM | 252916 | 8/20/25 | (23122) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4868494 | USD | 150151 | JPM | 163809 | 8/20/25 | (13658) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 4524798 | USD | &nbsp;&nbsp;&nbsp;&nbsp;138968 | JPM | 151778 | 7/16/25 | (12810) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 2868379 | USD | 87472 | JPM | 96512 | 8/20/25 | (9040) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3262657 | USD | 100442 | JPM | 109441 | 7/16/25 | (8999) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 2467639 | USD | 75655 | JPM | 83028 | 8/20/25 | (7373) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 58091 | USD | 1782 | MLP | 1955 | 8/20/25 | (173) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Taiwan Dollar | 3701818 | USD | 113457 | SCB | 124554 | 8/20/25 | (11097) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 184496 | USD | 109964 | BCLY | 110245 | 6/3/25 | (281) |
| &nbsp;&nbsp;&nbsp;&nbsp; New Zealand Dollar | 184480 | USD | 110022 | JPM | 110352 | 7/2/25 | (330) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 755000 | USD | 199258 | BCLY | 201709 | 6/6/25 | (2451) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 334000 | USD | 86226 | DUB | 89233 | 6/6/25 | (3007) |
| &nbsp;&nbsp;&nbsp;&nbsp; Polish Zloty | 756000 | USD | 200941 | MLP | 201977 | 6/6/25 | (1036) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 516000 | USD | 398334 | BCLY | 400108 | 6/3/25 | (1774) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 20301 | USD | 15486 | DUB | 15741 | 6/3/25 | (255) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 8374 | USD | 6500 | DUB | 6505 | 7/2/25 | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 425303 | USD | 326060 | HSBC | 329782 | 6/3/25 | (3722) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 775342 | USD | 604376 | HSBC | 602299 | 7/2/25 | 2077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 254365 | USD | 193949 | JPM | 197235 | 6/3/25 | (3286) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 28039 | USD | 21431 | JPM | 21741 | 6/3/25 | (310) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 12000 | USD | 9186 | JPM | 9305 | 6/3/25 | (119) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 322749 | USD | 251261 | JPM | 250717 | 7/2/25 | 544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 41939 | USD | 32049 | MLP | 32520 | 6/3/25 | (471) |
| &nbsp;&nbsp;&nbsp;&nbsp; Singapore Dollar | 19238 | USD | 14723 | MLP | 14917 | 6/3/25 | (194) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 538000 | USD | 29925 | BCLY | 29873 | 6/23/25 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 2772000 | USD | 145754 | BNP | 153920 | 6/23/25 | (8166) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 967408 | USD | 50999 | BNP | 53717 | 6/23/25 | (2718) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 3726000 | USD | 198379 | HSBC | 206893 | 6/23/25 | (8514) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 1637000 | USD | 88443 | JPM | 90897 | 6/23/25 | (2454) |
| &nbsp;&nbsp;&nbsp;&nbsp; South African Rand | 179000 | USD | 9986 | MLP | 9939 | 6/23/25 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 578352 | USD | 705259 | BNP | 702907 | 6/3/25 | 2352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Franc | 351663 | USD | 427929 | HSBC | 428927 | 7/2/25 | (998) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 3096982 | USD | 93702 | BNP | 94546 | 7/16/25 | (844) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 2972442 | USD | 89810 | HSBC | 90744 | 7/16/25 | (934) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 474918 | USD | 14307 | HSBC | 14499 | 7/16/25 | (192) |
| &nbsp;&nbsp;&nbsp;&nbsp; Thai Baht | 2767215 | USD | 83000 | JPM | 84479 | 7/16/25 | (1479) |
|  |  |  |  |  |  |  | (334731) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Depreciation on Open Forward Foreign Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; Net Unrealized Depreciation on Open Forward Foreign Currency Contracts |  |  | $(132381) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund held the following Centrally Cleared Interest Rate Swap Contracts:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive<br>Floating Rate** | **Floating Rate Index** | **Fixed<br>Rate** | **Maturity<br>Date** | **Payment<br>Frequency** | **Notional<br>Amount** | **Notional<br>Amount** | **Value** | **Upfront<br>Payment<br>Paid/<br>(Received)** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  Pay | 6-Month EURIBOR | 0.650% | 4/12/27 | 12-Month | EUR | 300000 | $(8935) | $— | $(8935) |
|  Pay | 6-Month EURIBOR | 0.650% | 5/11/27 | 12-Month | EUR | 300000 | (8807) |  | (8807) |
|  Pay | 6-Month EURIBOR | 0.700% | 4/11/27 | 12-Month | EUR | 200000 | (5781) |  | (5781) |
|  Pay | 6-Month EURIBOR | 2.250% | 9/17/35 | 12-Month | EUR | 11970000 | (341800) | (522719) | 180919 |
|  Receive | 6-Month EURIBOR | 0.197% | 11/8/52 | 12-Month | EUR | 1400000 | 758167 |  | 758167 |
|  Receive | 6-Month EURIBOR | 1.895% | 10/8/27 | 12-Month | EUR | 5900000 | 6257 |  | 6257 |
|  Receive | 6-Month EURIBOR | 2.250% | 9/17/55 | 12-Month | EUR | 2150000 | 182195 | 174592 | 7603 |
|  Receive | Bank of Japan Uncollateralized Overnight Call Rate | 0.300% | 9/20/27 | 6-Month | JPY | 5590000 | 481 | (1139) | 1620 |
|  Receive | Bank of Japan Uncollateralized Overnight Call Rate | 0.500% | 12/15/31 | 12-Month | JPY | 75000000 | 16792 | 1442 | 15350 |
|  Receive | Bank of Japan Uncollateralized Overnight Call Rate | 0.550% | 9/14/28 | 12-Month | JPY | 90000000 | 4758 | (1033) | 5791 |
|  Pay | SOFR | 2.340% | 11/21/28 | 6-Month | USD | 4130000 | (206254) |  | (206254) |
|  Pay | SOFR | 3.085% | 2/13/34 | 12-Month | USD | 1500000 | (83261) | (13946) | (69315) |
|  Receive | SOFR | 2.237% | 11/21/53 | 6-Month | USD | 810000 | 285565 |  | 285565 |
|  Receive | SOFR | 2.865% | 2/13/54 | 12-Month | USD | 1400000 | 285537 | 27102 | 258435 |
|  Receive | SOFR | 3.250% | 6/18/34 | 12-Month | USD | 2600000 | 107214 | 115634 | (8420) |
|  Receive | SOFR | 3.250% | 3/19/55 | 12-Month | USD | 3100000 | 424088 | 405813 | 18275 |
|  Receive | SOFR | 3.500% | 6/20/54 | 12-Month | USD | 700000 | 74045 | 18675 | 55370 |
|  Receive | SOFR | 3.685% | 11/15/52 | 12-Month | USD | 1000000 | 60617 |  | 60617 |
|  Receive | SOFR | 3.838% | 11/15/34 | 12-Month | USD | 600000 | (1278) |  | (1278) |
|  Receive | SOFR | 3.866% | 11/15/34 | 12-Month | USD | 200000 | (867) |  | (867) |
|  Receive | SOFR | 3.881% | 11/15/34 | 12-Month | USD | 1100000 | (6094) |  | (6094) |
|  Receive | SOFR | 3.894% | 11/15/34 | 12-Month | USD | 400000 | (2612) |  | (2612) |
|  Receive | SOFR | 4.250% | 12/20/25 | 12-Month | USD | 7740000 | 6890 | (28248) | 35138 |
|  Pay | Sterling Overnight Index Average | 3.500% | 3/19/30 | 12-Month | GBP | 5700000 | (139602) | (104169) | (35433) |
|  |  |  |  |  |  |  | $1407315 | $72004 | $1335311 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund held the following Centrally Cleared Inflation Rate Swap Contracts:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/Receive**<br> **Floating Rate** | **Floating Rate Index** | **Fixed<br>Rate** | **Maturity<br>Date** | **Notional<br>Amount** | **Notional<br>Amount** | **Value** | **Upfront<br>Premiums<br>Paid/<br>(Received)** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  Pay | 2-Year EUR Inflation Linked | 2.000% | 2/15/27 | EUR | 300000 | $(1833) | $(30) | $(1803) |
|  Pay | 5-Year EUR Inflation Linked | 3.000% | 5/15/27 | EUR | 200000 | 2669 | 100 | 2569 |
|  Receive | 10-Year EUR Inflation Linked | 1.380% | 3/15/31 | EUR | 740000 | (147571) | (8957) | (138614) |
|  Pay | 10-Year EUR Inflation Linked | 2.034% | 9/15/34 | EUR | 500000 | (7481) | (2239) | (5242) |
|  Pay | 10-Year EUR Inflation Linked | 2.720% | 6/15/32 | EUR | 500000 | (20197) | (4228) | (15969) |
|  Receive | 30-Year EUR Inflation Linked | 2.421% | 5/15/52 | EUR | 30000 | 443 |  | 443 |
|  Receive | 30-Year EUR Inflation Linked | 2.590% | 12/15/52 | EUR | 100000 | 12243 |  | 12243 |
|  Receive | 30-Year EUR Inflation Linked | 2.590% | 3/15/52 | EUR | 200000 | 11506 | (2478) | 13984 |
|  Receive | 30-Year EUR Inflation Linked | 2.700% | 4/15/53 | EUR | 200000 | 34284 | 1337 | 32947 |
|  Receive | 30-Year EUR Inflation Linked | 2.736% | 10/15/53 | EUR | 100000 | 18602 | 1308 | 17294 |
|  Receive | 30-Year EUR Inflation Linked | 2.763% | 9/15/53 | EUR | 100000 | 19564 | (974) | 20538 |
|  Receive | 10-Year GBP Inflation Linked | 3.466% | 9/15/34 | GBP | 300000 | 6954 |  | 6954 |
|  Receive | 10-Year GBP Inflation Linked | 3.500% | 8/15/34 | GBP | 600000 | 16749 | 3390 | 13359 |
|  Receive | 1-Year USD Inflation Linked | 2.208% | 10/7/25 | USD | 902000 | (6629) |  | (6629) |
|  Receive | 1-Year USD Inflation Linked | 2.380% | 10/15/25 | USD | 900000 | (5629) |  | (5629) |
|  Receive | 1-Year USD Inflation Linked | 2.700% | 1/14/26 | USD | 200000 | (1118) |  | (1118) |
|  Receive | 1-Year USD Inflation Linked | 2.820% | 2/5/26 | USD | 700000 | (3032) |  | (3032) |
|  Receive | 1-Year USD Inflation Linked | 2.842% | 2/13/26 | USD | 800000 | (3324) |  | (3324) |
|  Receive | 1-Year USD Inflation Linked | 3.043% | 2/21/26 | USD | 400000 | (849) |  | (849) |
|  Receive | 1-Year USD Inflation Linked | 3.323% | 4/23/26 | USD | 400000 | 1222 |  | 1222 |
|  Pay | 5-Year USD Inflation Linked | 2.703% | 5/25/26 | USD | 510000 | 51156 | 81 | 51075 |
|  Pay | 5-Year USD Inflation Linked | 2.768% | 5/13/26 | USD | 500000 | 49045 |  | 49045 |
|  Pay | 5-Year USD Inflation Linked | 2.813% | 5/14/26 | USD | 300000 | 28663 |  | 28663 |
|  Pay | 7-Year USD Inflation Linked | 1.798% | 8/25/27 | USD | 600000 | 105570 | 5868 | 99702 |
|  Pay | 7-Year USD Inflation Linked | 1.890% | 8/27/27 | USD | 700000 | 118284 | 1693 | 116591 |
|  Pay | 7-Year USD Inflation Linked | 2.573% | 8/26/28 | USD | 100000 | 8138 |  | 8138 |
|  Pay | 7-Year USD Inflation Linked | 2.645% | 9/10/28 | USD | 100000 | 7326 |  | 7326 |
|  Receive | 10-Year USD Inflation Linked | 1.280% | 5/19/30 | USD | 800000 | (178211) | (50027) | (128184) |
|  Receive | 10-Year USD Inflation Linked | 1.760% | 11/4/29 | USD | 1200000 | (211186) | (8764) | (202422) |
|  Receive | 10-Year USD Inflation Linked | 1.883% | 11/20/29 | USD | 1500000 | (245726) | 9233 | (254959) |
|  Pay | 10-Year USD Inflation Linked | 2.311% | 2/24/31 | USD | 2300000 | 285379 | 1035 | 284344 |
|  Receive | 10-Year USD Inflation Linked | 2.335% | 2/5/28 | USD | 960000 | (111194) | 59292 | (170486) |
|  Receive | 10-Year USD Inflation Linked | 2.353% | 5/9/28 | USD | 360000 | (39861) | 24122 | (63983) |
|  Receive | 10-Year USD Inflation Linked | 2.360% | 5/9/28 | USD | 540000 | (59342) | 36670 | (96012) |
|  Receive | 10-Year USD Inflation Linked | 2.364% | 5/10/28 | USD | 550000 | (60238) | 37569 | (97807) |
|  |  |  |  |  |  | $(325624) | $104001 | $(429625) |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Inflation-Linked Fixed Income Fund** 

At May 31, 2025, Inflation-Linked Fixed Income Fund deposited cash collateral with brokers in the amount of $822,000 for open centrally cleared swap contracts.

---

| | |
|:---|:---|
| **Currency abbreviations used in this schedule:** | **Currency abbreviations used in this schedule:** |
|  AUD | Australian Dollar |
|  CAD | Canadian Dollar |
|  CHF | Swiss Franc |
|  DKK | Danish Krone |
|  EUR | Euro |
|  GBP | British Pound |
|  JPY | Japanese Yen |
|  MXN | Mexican Peso |
|  NOK | Norwegian Krone |
|  NZD | New Zealand Dollar |
|  SEK | Swedish Krona |
|  SGD | Singapore Dollar |
|  USD | United States Dollar |
|  ZAR | South African Rand |

---

---

| | |
|:---|:---|
| **Counterparty abbreviations used in this schedule:** | **Counterparty abbreviations used in this schedule:** |
| BCLY | Barclays Bank PLC |
| BNP | BNP Paribas SA |
| DUB | Deutsche Bank AG |
| HSBC | HSBC Bank USA |
| JPM | JPMorgan Chase & Co. |
| MLP | Merrill Lynch, Pierce, Fenner & Smith Inc. |
| SCB | Standard Chartered Bank |

---

**See pages 258-260 for definitions of ratings.** 

At May 31, 2025, Inflation-Linked Fixed Income Fund was involved in following sale-buyback transactions:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Borrowing<br>Date** | **Maturity<br>Date** | **Borrowing<br>Rate** | **Amount <br>Borrowed** |
|  BNP Paribas SA | 5/21/25 | 6/5/25 | 4.504% | $&nbsp;&nbsp;&nbsp;&nbsp;127112 |
|  BNP Paribas SA | 5/21/25 | 6/5/25 | 4.504% | &nbsp;&nbsp;&nbsp;&nbsp;2410330 |
|  BNP Paribas SA | 5/21/25 | 6/5/25 | 4.504% | &nbsp;&nbsp;&nbsp;&nbsp;6061102 |
|  BNP Paribas SA | 5/21/25 | 6/5/25 | 4.504% | &nbsp;&nbsp;&nbsp;&nbsp;6707902 |
|  BNP Paribas SA | 5/21/25 | 6/5/25 | 4.504% | &nbsp;&nbsp;&nbsp;&nbsp;6740792 |
|  |  |  |  | $22047238 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 49.1%** | **CORPORATE BONDS & NOTES - 49.1%** | **CORPORATE BONDS & NOTES - 49.1%** | **CORPORATE BONDS & NOTES - 49.1%** |
| **Aerospace/Defense - 0.5%** | **Aerospace/Defense - 0.5%** | **Aerospace/Defense - 0.5%** | **Aerospace/Defense - 0.5%** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400000 | BBB- | Boeing Co. (The), Senior Unsecured Notes, 2.600% due 10/30/25 | $395901 |
| 1800000 | BBB | Rolls-Royce PLC, Company Guaranteed Notes, 3.625% due 10/14/25(a) | 1790912 |
|  |  | Total Aerospace/Defense | 2186813 |
| **Agriculture - 1.4%** | **Agriculture - 1.4%** | **Agriculture - 1.4%** | **Agriculture - 1.4%** |
| 2645000 | BBB | Imperial Brands Finance PLC, Company Guaranteed Notes, 3.500% due 7/26/26(a) | 2606695 |
| 3172000 | BBB+ | Reynolds American Inc., Company Guaranteed Notes, 4.450% due 6/12/25 | 3171780 |
|  |  | Total Agriculture | 5778475 |
| **Airlines - 0.5%** | **Airlines - 0.5%** | **Airlines - 0.5%** | **Airlines - 0.5%** |
| 2000000 | BBB- | United Airlines Inc., Senior Secured Notes, 4.375% due 4/15/26(a) | 1977606 |
| **Auto Manufacturers - 5.7%** | **Auto Manufacturers - 5.7%** | **Auto Manufacturers - 5.7%** | **Auto Manufacturers - 5.7%** |
|  |  | BMW US Capital LLC, Company Guaranteed Notes: |  |
| 3100000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.144% (SOFR + 0.800%) due 8/13/26(a)(b) | 3111329 |
| 200000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.128% (SOFR + 0.780%) due 3/19/27(a)(b) | 200051 |
| 700000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.268% (SOFR + 0.920%) due 3/21/28(a)(b) | 699512 |
|  |  | Ford Motor Credit Co. LLC, Senior Unsecured Notes: |  |
| 300000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; 5.125% due 6/16/25 | 299991 |
| 2200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; 4.134% due 8/4/25 | 2195440 |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; 3.375% due 11/13/25 | 198433 |
| 600000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; 4.389% due 1/8/26 | 595269 |
|  |  | General Motors Financial Co., Inc., Senior Unsecured Notes: |  |
| 300000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 6.050% due 10/10/25 | 301117 |
| 500000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 5.693% (SOFR + 1.350%) due 5/8/27(b) | 499318 |
|  |  | Hyundai Capital America, Senior Unsecured Notes: | Hyundai Capital America, Senior Unsecured Notes: |
| 3300000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.494% (SOFR + 1.150%) due 8/4/25(a)(b) | 3303579 |
| 700000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.850% (SOFR + 1.500%) due 1/8/27(a)(b) | 705126 |
|  |  | Mercedes-Benz Finance North America LLC, Company Guaranteed Notes: | Mercedes-Benz Finance North America LLC, Company Guaranteed Notes: |
| 700000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 4.915% (SOFR + 0.570%) due 8/1/25(a)(b) | 700171 |
| 3400000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 4.975% (SOFR + 0.630%) due 7/31/26(a)(b) | 3402316 |
|  |  | Nissan Motor Acceptance Co. LLC, Senior Unsecured Notes | Nissan Motor Acceptance Co. LLC, Senior Unsecured Notes |
| 300000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; 1.850% due 9/16/26(a) | 285378 |
| 400000 | BB | &nbsp;&nbsp;&nbsp;&nbsp; 2.000% due 3/9/26(a) | 387260 |
| 400000 | BB | Nissan Motor Co., Ltd., Senior Unsecured Notes, 3.522% due 9/17/25 | 396751 |
| 200000 | BBB | Stellantis Finance US Inc., Company Guaranteed Notes, 5.350% due 3/17/28(a) | 200510 |
|  |  | Toyota Motor Credit Corp., Senior Unsecured Notes: | Toyota Motor Credit Corp., Senior Unsecured Notes: |
| 167000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; 4.796% (SOFR + 0.450%) due 4/10/26(b) | 167054 |
| 35000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; 4.796% (SOFR + 0.450%) due 5/15/26(b) | 35039 |
| 60000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.236% (SOFR + 0.890%) due 5/18/26(b) | 60264 |
|  |  | Volkswagen Group of America Finance LLC, Company Guaranteed Notes: | Volkswagen Group of America Finance LLC, Company Guaranteed Notes: |
| 725000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.276% (SOFR + 0.930%) due 9/12/25(a)(b) | 725654 |
| 2000000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 1.250% due 11/24/25(a) | 1965311 |
| 2800000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.178% (SOFR + 0.830%) due 3/20/26(a)(b) | 2804306 |
| 250000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.405% (SOFR + 1.060%) due 8/14/26(a)(b) | 250858 |
|  |  | Total Auto Manufacturers | 23490037 |
| **Banks - 21.7%** | **Banks - 21.7%** | **Banks - 21.7%** | **Banks - 21.7%** |
|  |  | ABN AMRO Bank NV, Senior Non-Preferred Notes: | ABN AMRO Bank NV, Senior Non-Preferred Notes: |
| 2400000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 6.575% (1-Year CMT Index + 1.550%) due 10/13/26(a)(b) | 2414653 |
| 700000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 6.128% (SOFR + 1.780%) due 9/18/27(b) | 707091 |
| 800000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 6.128% (SOFR + 1.780%) due 9/18/27(a)(b) | 808104 |
| 200000 | BBB+ | Banco Bilbao Vizcaya Argentaria SA, Senior Non-Preferred Notes, 5.862%<br>(1-Year CMT Index + 2.300%) due 9/14/26(b) | 200438 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** |
| **Banks - 21.7% - (continued)** | **Banks - 21.7% - (continued)** | **Banks - 21.7% - (continued)** | **Banks - 21.7% - (continued)** |
|  |  | Bank of America Corp., Senior Unsecured Notes: |  |
| $1600000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 1.319% (SOFR + 1.150%) due 6/19/26(b) | $1596893 |
| 2430000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.314% (SOFR + 0.970%) due 7/22/27(b) | 2437569 |
|  |  | Bank of Montreal, Senior Unsecured Notes: | Bank of Montreal, Senior Unsecured Notes: |
| 3100000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.677% (SOFR + 1.330%) due 6/5/26(b) | 3128771 |
| 319000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.110% (SOFR + 0.760%) due 6/4/27(b) | 319401 |
| 500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.227% (SOFR + 0.880%) due 9/10/27(b) | 501272 |
| 462000 | A- | Bank of Nova Scotia (The), Senior Unsecured Notes, 4.898% (SOFR + 0.545%) due 3/2/26(b) | 462442 |
|  |  | Banque Federative du Credit Mutuel SA, Senior Preferred Notes: | Banque Federative du Credit Mutuel SA, Senior Preferred Notes: |
| 875000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.744% (SOFR + 1.400%) due 7/13/26(a)(b) | 884243 |
| 680000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.474% (SOFR + 1.130%) due 1/23/27(a)(b) | 683086 |
|  |  | Barclays PLC, Senior Unsecured Notes: | Barclays PLC, Senior Unsecured Notes: |
| 500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 1/12/26 | 498850 |
| 500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 7.325% (1-Year CMT Index + 3.050%) due 11/2/26(b) | 504949 |
| 640000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 6.226% (SOFR + 1.880%) due 9/13/27(b) | 646994 |
| 1500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.836% (SOFR + 1.490%) due 3/12/28(b) | 1511477 |
| 1500000 | A- | BNP Paribas SA, Senior Non-Preferred Notes, 1.323% (SOFR + 1.004%) due 1/13/27(a)(b) | 1468784 |
|  |  | BPCE SA, Senior Non-Preferred Notes: | BPCE SA, Senior Non-Preferred Notes: |
| 2400000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 1.652% (SOFR + 1.520%) due 10/6/26(a)(b) | 2371718 |
| 250000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.975% (SOFR + 2.100%) due 1/18/27(b) | 251541 |
| 1500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.975% (SOFR + 2.100%) due 1/18/27(a)(b) | 1509249 |
| 700000 | A- | Canadian Imperial Bank of Commerce, Senior Unsecured Notes, 5.569%<br>(SOFR + 1.220%) due 10/2/26(b) | 704497 |
| 250000 | A+ | Citibank NA, Senior Unsecured Notes, 5.052% (SOFR + 0.708%) due 8/6/26(b) | 250428 |
|  |  | Cooperatieve Rabobank UA, Senior Non-Preferred Notes: | Cooperatieve Rabobank UA, Senior Non-Preferred Notes: |
| 5700000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 1.106% (1-Year CMT Index + 0.550%) due 2/24/27(a)(b) | 5549053 |
| 500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 1.980% (1-Year CMT Index + 0.730%) due 12/15/27(a)(b) | 479828 |
|  |  | Credit Agricole SA: | Credit Agricole SA: |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes: | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes: |
| 1347000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.907% (SOFR + 1.676%) due 6/16/26(a)(b) | 1345456 |
| 575000 | A- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.247% (SOFR + 0.892%) due 1/26/27(a)(b) | 561716 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Preferred Notes: | &nbsp;&nbsp;&nbsp;&nbsp; Senior Preferred Notes: |
| 625000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.637% (SOFR + 1.290%) due 7/5/26(a)(b) | 628664 |
| 600000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.637% (SOFR + 1.290%) due 7/5/26(b) | 603517 |
| 4100000 | A- | Danske Bank AS, Senior Non-Preferred Notes, 1.621%<br>(1-Year CMT Index + 1.350%) due 9/11/26(a)(b) | 4061409 |
|  |  | Deutsche Bank AG, Senior Non-Preferred Notes: |  |
| 500000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 4.100% due 1/13/26 | 497711 |
| 1600000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 6.119% (SOFR + 3.190%) due 7/14/26(b) | 1601711 |
| 805000 | A | DNB Bank ASA, Senior Non-Preferred Notes, 5.896% (SOFR + 1.950%) due 10/9/26(a)(b) | 808072 |
| 200000 | A+ | Goldman Sachs Bank USA, Senior Unsecured Notes, 5.118% (SOFR + 0.770%) due 3/18/27(b) | 200175 |
|  |  | Goldman Sachs Group Inc. (The), Senior Unsecured Notes: |  |
| 1639000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.408% (SOFR + 1.065%) due 8/10/26(b) | 1641298 |
| 1300000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.798% (SOFR + 1.075%) due 8/10/26(b) | 1302416 |
| 500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 1.431% (SOFR + 0.798%) due 3/9/27(b) | 487417 |
| 1000000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 1.948% (SOFR + 0.913%) due 10/21/27(b) | 963021 |
|  |  | HSBC Holdings PLC, Senior Unsecured Notes: |  |
| 2500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 4.292% (3-Month Term SOFR + 1.609%) due 9/12/26(b) | 2495244 |
| 1500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.940% (3-Month Term SOFR + 1.642%) due 9/12/26(b) | 1505324 |
|  |  | ING Groep NV, Senior Unsecured Notes: |  |
| 2700000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.360% (SOFR + 1.010%) due 4/1/27(b) | 2706379 |
| 629000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.907% (SOFR + 1.560%) due 9/11/27(b) | 634632 |
|  |  | JPMorgan Chase & Co., Senior Unsecured Notes: |  |
| 1000000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 3.960% (3-Month Term SOFR + 1.507%) due 1/29/27(b) | 995856 |
| 339000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.529% (SOFR + 1.180%) due 2/24/28(b) | 342099 |
| 600000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.264% (SOFR + 0.920%) due 4/22/28(b) | 602432 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** |
| **Banks - 21.7% - (continued)** | **Banks - 21.7% - (continued)** | **Banks - 21.7% - (continued)** | **Banks - 21.7% - (continued)** |
| $800000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.204% (SOFR + 0.860%) due 10/22/28(b) | $803188 |
|  |  | Lloyds Banking Group PLC, Senior Unsecured Notes: |  |
| 900000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 4.716% (1-Year CMT Index + 1.750%) due 8/11/26(b) | 899727 |
| 300000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.905% (SOFR + 1.560%) due 8/7/27(b) | 302341 |
| 1275000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.928% (SOFR + 1.580%) due 1/5/28(b) | 1288253 |
| 1700000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.407% (SOFR + 1.060%) due 11/26/28(b) | 1702185 |
| 2700000 | A- | Mizuho Financial Group Inc., Senior Unsecured Notes, 5.423%<br>(SOFR + 1.080%) due 5/13/31(b) | 2699924 |
|  |  | National Bank of Canada, Company Guaranteed Notes: |  |
| 1100000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.250% (SOFR + 0.900%) due 3/25/27(b) | 1100740 |
| 2400000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.379% (SOFR + 1.030%) due 7/2/27(b) | 2405667 |
|  |  | NatWest Group PLC, Senior Unsecured Notes: |  |
| 900000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 7.472% (1-Year CMT Index + 2.850%) due 11/10/26(b) | 910370 |
| 1510000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.601% (SOFR + 1.250%) due 3/1/28(b) | 1517115 |
|  |  | NatWest Markets PLC, Senior Unsecured Notes: |  |
| 200000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.110% (SOFR + 0.760%) due 9/29/26(b) | 200689 |
| 300000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.110% (SOFR + 0.760%) due 9/29/26(a)(b) | 301033 |
| 750000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.246% (SOFR + 0.900%) due 5/17/27(a)(b) | 753203 |
| 600000 | AA- | Nordea Bank Abp, Senior Preferred Notes, 5.307% (SOFR + 0.960%) due 6/6/25(a)(b) | 600054 |
|  |  | Royal Bank of Canada, Senior Unsecured Notes: |  |
| 221000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.424% (SOFR + 1.080%) due 7/20/26(b) | 222613 |
| 293000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.134% (SOFR + 0.790%) due 7/23/27(b) | 293518 |
| 1765000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.170% (SOFR + 0.820%) due 3/27/28(b) | 1765112 |
| 1800000 | BBB+ | Santander Holdings USA Inc., Senior Unsecured Notes, 3.450% due 6/2/25 | 1800000 |
| 2100000 | BBB | Santander UK Group Holdings PLC, Senior Unsecured Notes, 6.833% (SOFR + 2.749%) due 11/21/26(b) | 2119306 |
|  |  | Sumitomo Mitsui Financial Group Inc., Senior Unsecured Notes: |  |
| 2000000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.646% (SOFR + 1.300%) due 7/13/26(b) | 2016549 |
| 1025000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.226% (SOFR + 0.880%) due 1/14/27(b) | 1031018 |
| 181000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.396% (SOFR + 1.050%) due 4/15/30(b) | 181521 |
|  |  | Sumitomo Mitsui Trust Bank Ltd., Senior Unsecured Notes: |  |
| 640000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.425% (SOFR + 1.120%) due 3/9/26(b) | 643530 |
| 350000 | A | &nbsp;&nbsp;&nbsp;&nbsp; 5.497% (SOFR + 1.150%) due 9/14/26(b) | 352627 |
| 75000 | AA- | Svenska Handelsbanken AB, Senior Preferred Notes, 5.596% (SOFR + 1.250%) due 6/15/26(a)(b) | 75680 |
|  |  | Swedbank AB: |  |
| 1000000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; Senior Non-Preferred Notes, 5.337% due 9/20/27 | 1016145 |
| 800000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp; Senior Preferred Notes, 5.726% (SOFR + 1.380%) due 6/15/26(b) | 808399 |
| 250000 | BBB | Synchrony Bank, Senior Unsecured Notes, 5.400% due 8/22/25 | 250288 |
|  |  | UBS Group AG, Senior Unsecured Notes: |  |
| 1500000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 6.373% (SOFR + 3.340%) due 7/15/26(a)(b) | 1502115 |
| 3000000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 1.305% (SOFR + 0.980%) due 2/2/27(a)(b) | 2931309 |
|  |  | Wells Fargo & Co., Senior Unsecured Notes: |  |
| 1500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.124% (SOFR + 0.780%) due 1/24/28(b) | 1494633 |
| 1500000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.414% (SOFR + 1.070%) due 4/22/28(b) | 1505808 |
|  |  | Total Banks | 89370540 |
| **Biotechnology - 0.2%** | **Biotechnology - 0.2%** | **Biotechnology - 0.2%** | **Biotechnology - 0.2%** |
| 351000 | BBB+ | Baxalta Inc., Company Guaranteed Notes, 4.000% due 6/23/25 | 350813 |
| 300000 | BBB | Illumina Inc., Senior Unsecured Notes, 4.650% due 9/9/26 | 299687 |
| 176000 | BBB- | Royalty Pharma PLC, Company Guaranteed Notes, 1.200% due 9/2/25 | 174359 |
|  |  | Total Biotechnology | 824859 |
| **Computers - 0.6%** | **Computers - 0.6%** | **Computers - 0.6%** | **Computers - 0.6%** |
| 2371000 | BBB | Dell International LLC/EMC Corp., Senior Unsecured Notes, 6.020% due 6/15/26 | 2393184 |
| **Diversified Financial Services - 2.9%** | **Diversified Financial Services - 2.9%** | **Diversified Financial Services - 2.9%** | **Diversified Financial Services - 2.9%** |
| 539000 | BBB | Air Lease Corp., Senior Unsecured Notes, 1.875% due 8/15/26 | 521122 |
| 800000 | BBB- | Aircastle Ltd., Company Guaranteed Notes, 4.250% due 6/15/26 | 793976 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** |
| **Diversified Financial Services - 2.9% - (continued)** | **Diversified Financial Services - 2.9% - (continued)** | **Diversified Financial Services - 2.9% - (continued)** | **Diversified Financial Services - 2.9% - (continued)** |
|  |  | American Express Co., Senior Unsecured Notes: | American Express Co., Senior Unsecured Notes: |
| $1000000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 4.994% (SOFR + 0.650%) due 11/4/26(b) | $1000511 |
| 1200000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 5.275% (SOFR + 0.930%) due 7/26/28(b) | 1204643 |
|  |  | Aviation Capital Group LLC, Senior Unsecured Notes: | Aviation Capital Group LLC, Senior Unsecured Notes: |
| 200000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; 1.950% due 1/30/26(a) | 196115 |
| 2420000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp; 1.950% due 9/20/26(a) | 2328033 |
|  |  | Avolon Holdings Funding Ltd.: | Avolon Holdings Funding Ltd.: |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: | &nbsp;&nbsp;&nbsp;&nbsp; Company Guaranteed Notes: |
| 1700000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 4/15/26(a) | 1687936 |
| 300000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375% due 5/1/26(a) | 298045 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: | &nbsp;&nbsp;&nbsp;&nbsp; Senior Unsecured Notes: |
| 400000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 1/15/26(a) | 400562 |
| 1100000 | BBB- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.125% due 2/21/26(a) | 1075311 |
|  |  | Nomura Holdings Inc., Senior Unsecured Notes: | Nomura Holdings Inc., Senior Unsecured Notes: |
| 2000000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.709% due 1/9/26 | 2010612 |
| 300000 | BBB+ | &nbsp;&nbsp;&nbsp;&nbsp; 5.600% (SOFR + 1.250%) due 7/2/27(b) | 302234 |
| 200000 | BBB- | Synchrony Financial, Senior Unsecured Notes, 4.875% due 6/13/25 | 200031 |
|  |  | Total Diversified Financial Services | 12019131 |
| **Electric - 4.0%** | **Electric - 4.0%** | **Electric - 4.0%** | **Electric - 4.0%** |
| 736000 | BBB- | Algonquin Power & Utilities Corp., Senior Unsecured Notes, step bond to yield,<br>5.365% due 6/15/26 | 739638 |
| 1000000 | BBB- | Edison International, Senior Unsecured Notes, 4.700% due 8/15/25 | 998789 |
| 921000 | BBB | Enel Finance International NV, Senior Unsecured Notes, 4.500% due 6/15/25(a) | 920829 |
| 1869000 | BBB | Entergy Corp., Senior Unsecured Notes, 0.900% due 9/15/25 | 1848802 |
| 816000 | BBB+ | Exelon Corp., Senior Unsecured Notes, 3.400% due 4/15/26 | 807532 |
| 2695000 | BBB+ | FirstEnergy Pennsylvania Electric Co., Senior Unsecured Notes, 5.150% due 3/30/26(a) | 2705243 |
| 1328000 | BBB | Jersey Central Power & Light Co., Senior Unsecured Notes, 4.300% due 1/15/26(a) | 1323939 |
|  |  | Pacific Gas & Electric Co., 1st Mortgage Notes: |  |
| 400000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 6/8/25 | 399966 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 3.500% due 6/15/25 | 199846 |
| 1400000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 3.450% due 7/1/25 | 1397550 |
| 1300000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 3.150% due 1/1/26 | 1286039 |
| 200000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 2.950% due 3/1/26 | 196805 |
|  |  | Southern California Edison Co., 1st Mortgage Notes: |  |
| 1000000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 4.200% due 6/1/25 | 1000000 |
| 2563000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 3.700% due 8/1/25 | 2555454 |
| 200000 | A- | &nbsp;&nbsp;&nbsp;&nbsp; 4.400% due 9/6/26 | 199198 |
|  |  | Total Electric | 16579630 |
| **Electronics - 0.4%** | **Electronics - 0.4%** | **Electronics - 0.4%** | **Electronics - 0.4%** |
| 1793000 | BBB- | Flex Ltd., Senior Unsecured Notes, 4.750% due 6/15/25 | 1792729 |
| **Food - 0.7%** | **Food - 0.7%** | **Food - 0.7%** | **Food - 0.7%** |
| 1000000 | BBB- | Conagra Brands Inc., Senior Unsecured Notes, 7.125% due 10/1/26 | 1028470 |
| 1800000 | BBB- | The Campbell's Co., Senior Unsecured Notes, 5.300% due 3/20/26 | 1807805 |
|  |  | Total Food | 2836275 |
| **Gas - 0.2%** | **Gas - 0.2%** | **Gas - 0.2%** | **Gas - 0.2%** |
| 1050000 | A | Southern California Gas Co., 1st Mortgage Notes, 2.600% due 6/15/26 | 1029808 |
| **Healthcare - Products - 0.0%@** | **Healthcare - Products - 0.0%@** | **Healthcare - Products - 0.0%@** | **Healthcare - Products - 0.0%@** |
| 200000 | BBB | Baxter International Inc., Senior Unsecured Notes, 2.600% due 8/15/26 | 195399 |
| **Healthcare - Services - 0.1%** | **Healthcare - Services - 0.1%** | **Healthcare - Services - 0.1%** | **Healthcare - Services - 0.1%** |
| 500000 | BBB- | HCA Inc., Company Guaranteed Notes, 5.375% due 9/1/26 | 502200 |
| **Insurance - 2.0%** | **Insurance - 2.0%** | **Insurance - 2.0%** | **Insurance - 2.0%** |
|  |  | Athene Global Funding: |  |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Secured Notes: |  |
| 300000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950% due 1/7/27(a) | 300816 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** |
| **Insurance - 2.0% - (continued)** | **Insurance - 2.0% - (continued)** | **Insurance - 2.0% - (continued)** | **Insurance - 2.0% - (continued)** |
| $2700000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.560% (SOFR + 1.210%) due 3/25/27(a)(b) | $&nbsp;&nbsp;&nbsp;&nbsp;2720342 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; Senior Secured Notes: |  |
| 400000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.450% due 1/8/26(a) | 392287 |
| 600000 | A+ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.620% due 5/8/26(a) | 605282 |
| 1000000 | A+ | Corebridge Global Funding, Secured Notes, 5.097% (SOFR + 0.750%) due 1/7/28(a)(b) | 995974 |
| 700000 | A- | F&G Global Funding, Secured Notes, 1.750% due 6/30/26(a) | 677820 |
| 300000 | A | Jackson National Life Global Funding, Secured Notes, 5.314%<br>(SOFR + 0.970%) due 1/14/28(a)(b) | 302045 |
| 2000000 | AA- | Pacific Life Global Funding II, Secured Notes, 4.824% (SOFR + 0.480%) due 2/4/27(a)(b) | 1998294 |
| 200000 | AA- | Protective Life Global Funding, Secured Notes, 4.844% (SOFR + 0.500%) due 7/22/26(a)(b) | 199855 |
|  |  | Total Insurance | 8192715 |
| **Internet - 0.6%** | **Internet - 0.6%** | **Internet - 0.6%** | **Internet - 0.6%** |
|  |  | Uber Technologies Inc., Company Guaranteed Notes: |  |
| 400000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 7.500% due 9/15/27(a) | 404133 |
| 2300000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 4.500% due 8/15/29(a) | 2265423 |
|  |  | Total Internet | 2669556 |
| **Leisure Time - 0.4%** | **Leisure Time - 0.4%** | **Leisure Time - 0.4%** | **Leisure Time - 0.4%** |
| 500000 | BBB- | Harley-Davidson Financial Services Inc., Company Guaranteed Notes, 3.350% due 6/8/25(a) | 499792 |
| 1100000 | BBB- | Harley-Davidson Inc., Senior Unsecured Notes, 3.500% due 7/28/25 | 1097310 |
|  |  | Total Leisure Time | 1597102 |
| **Lodging - 0.1%** | **Lodging - 0.1%** | **Lodging - 0.1%** | **Lodging - 0.1%** |
| 400000 | BB+ | Las Vegas Sands Corp., Senior Unsecured Notes, 2.900% due 6/25/25 | 399500 |
| **Machinery - Diversified - 0.1%** | **Machinery - Diversified - 0.1%** | **Machinery - Diversified - 0.1%** | **Machinery - Diversified - 0.1%** |
| 500000 | BBB | Westinghouse Air Brake Technologies Corp., Company Guaranteed Notes, 3.200% due 6/15/25 | 499433 |
| **Media - 0.1%** | **Media - 0.1%** | **Media - 0.1%** | **Media - 0.1%** |
| 200000 | BBB- | Charter Communications Operating LLC/Charter Communications Operating Capital, Senior Secured Notes, 4.908% due 7/23/25 | 199976 |
| 220000 | BBB | Cox Communications Inc., Senior Unsecured Notes, 3.350% due 9/15/26(a) | 215880 |
|  |  | Total Media | 415856 |
| **Oil & Gas - 0.5%** | **Oil & Gas - 0.5%** | **Oil & Gas - 0.5%** | **Oil & Gas - 0.5%** |
| 2000000 | BBB+ | Woodside Finance Ltd., Company Guaranteed Notes, 3.700% due 9/15/26(a) | 1972738 |
| **Packaging & Containers - 0.9%** | **Packaging & Containers - 0.9%** | **Packaging & Containers - 0.9%** | **Packaging & Containers - 0.9%** |
|  |  | Berry Global Inc., Senior Secured Notes: |  |
| 2500000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 1.570% due 1/15/26 | 2445113 |
| 1119000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 4.875% due 7/15/26(a) | 1115633 |
|  |  | Total Packaging & Containers | 3560746 |
| **Pharmaceuticals - 1.0%** | **Pharmaceuticals - 1.0%** | **Pharmaceuticals - 1.0%** | **Pharmaceuticals - 1.0%** |
| 4000000 | BBB | Bayer US Finance II LLC, Company Guaranteed Notes, 4.250% due 12/15/25(a) | 3984592 |
| **Pipelines - 2.0%** | **Pipelines - 2.0%** | **Pipelines - 2.0%** | **Pipelines - 2.0%** |
| 500000 | BBB | Energy Transfer LP, Senior Unsecured Notes, 5.950% due 12/1/25 | 501283 |
| 3400000 | BBB | MPLX LP, Senior Unsecured Notes, 1.750% due 3/1/26 | 3323774 |
| 3800000 | BBB | ONEOK Inc., Company Guaranteed Notes, 5.850% due 1/15/26 | 3821898 |
| 400000 | BBB+ | Williams Cos Inc. (The), Senior Unsecured Notes, 5.400% due 3/2/26 | 402031 |
|  |  | Total Pipelines | 8048986 |
| **Retail - 0.1%** | **Retail - 0.1%** | **Retail - 0.1%** | **Retail - 0.1%** |
| 600000 | A | 7-Eleven Inc., Senior Unsecured Notes, 0.950% due 2/10/26(a) | 583969 |
| **Semiconductors - 0.3%** | **Semiconductors - 0.3%** | **Semiconductors - 0.3%** | **Semiconductors - 0.3%** |
| 500000 | Baa2(c) | Microchip Technology Inc., Company Guaranteed Notes, 4.250% due 9/1/25 | 499248 |
|  |  | SK Hynix Inc., Senior Unsecured Notes: |  |
| 400000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 6.250% due 1/17/26 | 403400 |
| 300000 | BBB | &nbsp;&nbsp;&nbsp;&nbsp; 5.500% due 1/16/27(a) | 303593 |
|  |  | Total Semiconductors | 1206241 |
| **Telecommunications - 1.5%** | **Telecommunications - 1.5%** | **Telecommunications - 1.5%** | **Telecommunications - 1.5%** |
| 2000000 | BBB- | Rogers Communications Inc., Company Guaranteed Notes, 3.625% due 12/15/25 | 1987350 |
| 4100000 | BBB | T-Mobile USA Inc., Company Guaranteed Notes, 2.250% due 2/15/26 | 4027547 |
|  |  | Total Telecommunications | 6014897 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** | **CORPORATE BONDS & NOTES - 49.1% - (continued)** |
| **Trucking & Leasing - 0.6%** | **Trucking & Leasing - 0.6%** | **Trucking & Leasing - 0.6%** | **Trucking & Leasing - 0.6%** |
| $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2263000 | BBB | Penske Truck Leasing Co. LP/PTL Finance Corp., Senior Unsecured Notes, 5.750% due 5/24/26(a) | $2282389 |
|  |  | **TOTAL CORPORATE BONDS & NOTES**<br> (Cost - $203,511,902) | **202405406** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1%** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1%** |
| **Asset-Backed Securities - 7.4%** | **Asset-Backed Securities - 7.4%** | **Asset-Backed Securities - 7.4%** | **Asset-Backed Securities - 7.4%** |
| 1200000 | Aaa(c) | Anchorage Capital CLO 6 Ltd., Series 2015-6A, Class AR3, 5.712%<br>(3-Month Term SOFR + 1.440%) due 4/22/34(a)(b) | 1202647 |
| 100202 | Aaa(c) | ARES L CLO Ltd., Series 2018-50A, Class AR, 5.568%<br>(3-Month Term SOFR + 1.312%) due 1/15/32(a)(b) | 100261 |
| 1000000 | AAA | Atlas Senior Loan Fund XVIII Ltd., Series 2021-18A, Class A1R, 5.379%<br>(3-Month Term SOFR + 1.110%) due 1/18/35(a)(b) | 1001341 |
| 1000000 | Aaa(c) | Bain Capital Credit CLO Ltd., Series 2021-2A, Class A1R, 5.491%<br>(3-Month Term SOFR + 1.230%) due 7/16/34(a)(b) | 1000203 |
| 147737 | BBB- | Bear Stearns Asset Backed Securities I Trust, Series 2005-CL1, Class A2, 2.763%<br>(1-Month Term SOFR + 0.614%) due 9/25/34(b) | 146254 |
| 339496 | AAA | BlueMountain CLO Ltd., Series 2018-3A, Class A1R, 5.472%<br>(3-Month Term SOFR + 1.190%) due 10/25/30(a)(b) | 339651 |
| 245902 | AAA | CARLYLE US CLO Ltd., Series 2018-2A, Class A1R, 5.406%<br>(3-Month Term SOFR + 1.150%) due 10/15/31(a)(b) | 246148 |
| 400000 | AAA | CCG Receivables Trust, Series 2025-1, Class A2, 4.480% due 10/14/32(a) | 400245 |
| 154450 | Aaa(c) | CNH Equipment Trust, Series 2023-B, Class A2, 5.900% due 2/16/27 | 154595 |
| 5462 | B- | CWABS Inc. Asset-Backed Certificates Trust, Series 2004-5, Class M1, 5.294%<br>(1-Month Term SOFR + 0.969%) due 8/25/34(b) | 5461 |
| 2000000 | Aaa(c) | Dell Equipment Finance Trust, Series 2024-2, Class A2, 4.690% due 8/22/30(a) | 2001725 |
|  |  | DLLAA LLC: |  |
| 51753 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2, 5.930% due 7/20/26(a) | 51838 |
| 1100000 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 4.700% due 10/20/27(a) | 1100493 |
| 752126 | Aaa(c) | DLLAD LLC, Series 2024-1A, Class A2, 5.500% due 8/20/27(a) | 755464 |
| 269032 | Aaa(c) | DLLST LLC, Series 2024-1A, Class A2, 5.330% due 1/20/26(a) | 269241 |
| 234388 | Aaa(c) | Dryden 54 Senior Loan Fund, Series 2017-54A, Class AR, 5.419%<br>(3-Month Term SOFR + 1.150%) due 10/19/29(a)(b) | 234506 |
| 400000 | Aaa(c) | Dryden 95 CLO Ltd., Series 2021-95A, Class AR, 5.362%<br>(3-Month Term SOFR + 1.040%) due 8/20/34(a)(b) | 399258 |
| 124899 | BBB- | Finance America Mortgage Loan Trust, Series 2004-2, Class M1, 5.264%<br>(1-Month Term SOFR + 0.939%) due 8/25/34(b) | 118509 |
| 59028 | A | Fremont Home Loan Trust, Series 2005-A, Class M3, 5.174%<br>(1-Month Term SOFR + 0.849%) due 1/25/35(b) | 58239 |
| 451920 | Aaa(c) | Gallatin CLO VIII Ltd., Series 2017-1A, Class A1R, 5.608%<br>(3-Month Term SOFR + 1.352%) due 7/15/31(a)(b) | 452142 |
| 1300000 | AAA | Greywolf CLO III Ltd., Series 2020-3RA, Class A1R2, 5.502%<br>(3-Month Term SOFR + 1.230%) due 4/22/33(a)(b) | 1299977 |
| 1300000 | Aaa(c) | Guggenheim CLO Ltd., Series 2022-2A, Class A1R, 5.406%<br>(3-Month Term SOFR + 1.150%) due 1/15/35(a)(b) | 1298045 |
| 174939 | Aaa(c) | KKR CLO 11 Ltd., Series 11, Class AR, 5.698%<br>(3-Month Term SOFR + 1.442%) due 1/15/31(a)(b) | 175128 |
| 1000000 | AAA | LCM 31 Ltd., Series 31A, Class AR, 5.549%<br>(3-Month Term SOFR + 1.280%) due 7/20/34(a)(b) | 1000213 |
| 576876 | Aaa(c) | LCM Loan Income Fund I Ltd., Series 1A, Class A, 5.561%<br>(3-Month Term SOFR + 1.292%) due 4/20/31(a)(b) | 578005 |
| 5307 | Aaa(c) | M&T Equipment 2023-LEAF1 Notes, Series 2023-1A, Class A2, 6.090% due 7/15/30(a) | 5309 |
| 2000000 | AAA | M&T Equipment 2025-LEAF1 Notes, Series 2025-1A, Class A2, 4.700% due 12/16/27(a) | 2002654 |
| 126425 | BBB+ | MASTR Asset Backed Securities Trust, Series 2004-OPT2, Class A1, 5.139%<br>(1-Month Term SOFR + 0.814%) due 9/25/34(b) | 115168 |
|  |  | MMAF Equipment Finance LLC: |  |
| 153063 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A, Class A2, 5.790% due 11/13/26(a) | 153583 |
| 575619 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A, Class A2, 5.200% due 9/13/27(a) | 577028 |
| 341859 | B- | Morgan Stanley ABS Capital I Inc. Trust, Series 2004-HE4, Class M1, 5.339%<br>(1-Month Term SOFR + 1.014%) due 5/25/34(b)(d) | 357880 |
| 400000 | AAA | Neuberger Berman Loan Advisers CLO 43 Ltd., Series 2021-43A, Class AR, 5.330%<br>(3-Month Term SOFR + 1.050%) due 7/17/36(a)(b) | 399724 |
| 400000 | AAA | Neuberger Berman Loan Advisers CLO 45 Ltd., Series 2021-45A, Class AR, 5.302%<br>(3-Month Term SOFR + 1.060%) due 10/14/36(a)(b) | 399720 |
| 10257 | AA- | NovaStar Mortgage Funding Trust, Series 2005-4, Class M1, 5.099%<br>(1-Month Term SOFR + 0.774%) due 1/25/36(b) | 10234 |
| 1000000 | AAA | Ocean Trails CLO XI, Series 2021-11A, Class AR, 5.299%<br>(3-Month Term SOFR + 1.030%) due 7/20/34(a)(b) | 994344 |
| 211731 | Aaa(c) | Octagon Investment Partners 39 Ltd., Series 2018-3A, Class AR, 5.419%<br>(3-Month Term SOFR + 1.150%) due 10/20/30(a)(b) | 211835 |
| 32848 | NR | Pagaya AI Debt Trust, Series 2024-1, Class A, 6.660% due 7/15/31(a) | 33071 |
| 1500000 | AAA | PFS Financing Corp., Series 2023-D, Class A, 5.482%<br>(30-Day Average SOFR + 1.150%) due 8/15/27(a)(b) | 1502038 |
| 524286 | AAA | Sound Point CLO XXVIII Ltd., Series 2020-3A, Class A1R, 5.562%<br>(3-Month Term SOFR + 1.280%) due 1/25/32(a)(b) | 524475 |
| 94682 | NR | Stonepeak ABS, Series 2021-1A, Class AA, 2.301% due 2/28/33(a) | 90521 |
| 824018 | AAA | TIAA CLO IV Ltd., Series 2018-1A, Class A1AR, 5.409%<br>(3-Month Term SOFR + 1.140%) due 1/20/32(a)(b) | 824304 |
| 214093 | AAA(e) | Towd Point Mortgage Trust, Series 2024-CES1, Class A1A, 5.848% due 1/25/64(a)(b) | 214557 |
| 1000000 | AAA | Tralee CLO V Ltd., Series 2018-5A, Class A1RR, 5.349%<br>(3-Month Term SOFR + 1.080%) due 10/20/34(a)(b) | 998334 |
| 2000000 | Aaa(c) | Trinitas CLO XII Ltd., Series 2020-12A, Class A1R, 5.652%<br>(3-Month Term SOFR + 1.370%) due 4/25/33(a)(b) | 2001034 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** |
| **Asset-Backed Securities - 7.4% - (continued)** | **Asset-Backed Securities - 7.4% - (continued)** | **Asset-Backed Securities - 7.4% - (continued)** | **Asset-Backed Securities - 7.4% - (continued)** |
| $688112 | Aaa(c) | Venture 36 CLO Ltd., Series 2019-36A, Class A1AR, 5.664%<br>(3-Month Term SOFR + 1.392%) due 4/20/32(a)(b) | $688627 |
| 1009103 | AAA(e) | Verdelite Static CLO Ltd., Series 2024-1A, Class A, 5.399%<br>(3-Month Term SOFR + 1.130%) due 7/20/32(a)(b) | 1009459 |
| 3000000 | AAA | Verizon Master Trust, Series 2024-1, Class A1B, 4.977%<br>(30-Day Average SOFR + 0.650%) due 12/20/28(b) | 3005172 |
|  |  | Total Asset-Backed Securities | 30508660 |
| **Mortgage Securities - 12.7%** | **Mortgage Securities - 12.7%** | **Mortgage Securities - 12.7%** | **Mortgage Securities - 12.7%** |
| 477406 | Aaa(c) | ACREC LLC, Series 2023-FL2, Class A, 6.559%<br>(1-Month Term SOFR + 2.230%) due 2/19/38(a)(b) | 479055 |
| 95033 | Aaa(c) | AG Trust, Series 2024-NLP, Class A, 6.344%<br>(1-Month Term SOFR + 2.016%) due 7/15/41(a)(b) | 95224 |
| 412401 | Aaa(c) | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL3, Class A, 5.513%<br>(1-Month Term SOFR + 1.184%) due 8/15/34(a)(b) | 412695 |
| 558318 | AAA(e) | Barclays Mortgage Loan Trust, Series 2024-NQM1, Class A1, step bond to yield, 5.903% due 1/25/64(a) | 559923 |
| 1600000 | NR | BWAY Mortgage Trust, Series 2021-1450, Class A, 5.693%<br>(1-Month Term SOFR + 1.364%) due 9/15/36(a)(b) | 1541023 |
| 515936 | Aaa(c) | BXMT Ltd., Series 2020-FL3, Class A, 6.343%<br>(1-Month Term SOFR + 2.014%) due 11/15/37(a)(b) | 516220 |
| 550187 | AAA(e) | Chase Home Lending Mortgage Trust, Series 2024-9, Class A11, 5.572%<br>(30-Day Average SOFR + 1.250%) due 9/25/55(a)(b) | 544023 |
| 2700000 | AAA | Citigroup Commercial Mortgage Trust, Series 2021-KEYS, Class A, 5.623%<br>(1-Month Term SOFR + 1.294%) due 10/15/36(a)(b) | 2681413 |
| 1374858 | Aaa(c) | Citigroup Mortgage Loan Trust, Series 2021-INV3, Class A11, 5.000%<br>(30-Day Average SOFR + 0.850%) due 5/25/51(a)(b) | 1276758 |
| 1315325 | NR | COMM Mortgage Trust, Series 2021-2400, Class A, 5.743%<br>(1-Month Term SOFR + 1.414%) due 12/15/38(a)(b) | 1304178 |
|  |  | Credit Suisse Commercial Mortgage Capital Trust: |  |
| 212978 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A11, 5.000% (30-Day Average SOFR + 0.800%) due 7/25/56(a)(b) | 198064 |
| 613913 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-RPL4, Class A1, 4.119% due 12/27/60(a)(b) | 611564 |
| 152735 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-RPL4, Class A1, 3.904% due 4/25/62(a)(b) | 144867 |
| 1801228 | Aaa(c) | Extended Stay America Trust, Series 2021-ESH, Class A, 5.523%<br>(1-Month Term SOFR + 1.194%) due 7/15/38(a)(b) | 1802304 |
|  |  | Federal Home Loan Mortgage Corp. (FHLMC), REMICS: |  |
| 358693 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 4344, Class FA, 4.900% (30-Day Average SOFR + 0.564%) due 12/15/37(b) | 350513 |
| 425780 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 4351, Class FA, 4.900% (30-Day Average SOFR + 0.564%) due 5/15/38(b) | 417653 |
| 891966 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 4906, Class WF, 4.850% (30-Day Average SOFR + 0.514%) due 12/15/38(b) | 881407 |
| 826077 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5481, Class FJ, 5.472% (30-Day Average SOFR + 1.150%) due 12/25/54(b) | 825385 |
| 88336 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5484, Class FA, 5.522% (30-Day Average SOFR + 1.200%) due 12/25/54(b) | 88420 |
| 283537 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5491, Class FL, 5.522% (30-Day Average SOFR + 1.200%) due 1/25/55(b) | 283641 |
| 950804 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5495, Class AF, 5.472% (30-Day Average SOFR + 1.150%) due 1/25/55(b) | 949466 |
| 961972 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5496, Class AF, 5.422% (30-Day Average SOFR + 1.100%) due 1/25/55(b) | 958460 |
| 284198 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5500, Class GF, 5.272% (30-Day Average SOFR + 0.950%) due 10/25/54(b) | 284627 |
| 964207 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5508, Class QF, 5.272% (30-Day Average SOFR + 0.950%) due 2/25/55(b) | 965875 |
| 364131 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5511, Class FG, 5.472% (30-Day Average SOFR + 1.150%) due 3/25/55(b) | 363852 |
| 3640612 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5513, Class MF, 5.262% (30-Day Average SOFR + 0.940%) due 11/25/54(b) | 3631306 |
| 2417403 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5532, Class FA, 5.272% (30-Day Average SOFR + 0.950%) due 4/25/55(b) | 2411731 |
| 1800000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 5548, Class AF, 5.350% (30-Day Average SOFR + 1.000%) due 6/25/55(b)(h) | 1806021 |
|  |  | Federal National Mortgage Association (FNMA), REMICS: |  |
| 682938 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-108, Class AF, 4.736% (30-Day Average SOFR + 0.414%) due 1/25/48(b) | 669324 |
| 226880 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-9, Class FA, 4.850% (30-Day Average SOFR + 0.514%) due 3/25/49(b) | 224825 |
| 836062 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-90, Class FB, 5.572% (30-Day Average SOFR + 1.250%) due 11/25/53(b) | 837922 |
| 967933 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-101, Class FB, 5.422% (30-Day Average SOFR + 1.100%) due 1/25/55(b) | 964047 |
| 473956 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-103, Class FC, 5.472% (30-Day Average SOFR + 1.150%) due 1/25/55(b) | 472514 |
| 664542 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-103, Class FJ, 5.522% (30-Day Average SOFR + 1.200%) due 1/25/55(b) | 664876 |
| 362189 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class FB, 5.522% (30-Day Average SOFR + 1.200%) due 12/25/53(b) | 362522 |
| 277125 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6, Class FA, 5.572% (30-Day Average SOFR + 1.250%) due 2/25/55(b) | 277852 |
| 477527 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-16, Class FA, 5.472% (30-Day Average SOFR + 1.150%) due 3/25/55(b) | 476828 |
| 964609 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-16, Class FN, 5.272% (30-Day Average SOFR + 0.950%) due 1/25/55(b) | 966004 |
| 482822 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-19, Class FC, 5.482% (30-Day Average SOFR + 1.160%) due 3/25/55(b) | 481798 |
| 1200000 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-40, Class FP, 5.327% (30-Day Average SOFR + 1.000%) due 10/25/54(b)(h) | 1199995 |
|  |  | GCAT Trust: |  |
| 574917 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-NQM3, Class A1, 1.091% due 5/25/66(a)(b) | 494058 |
| 705162 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-HX1, Class A1, 2.885% due 12/27/66(a)(b) | 655611 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS - 20.1% - (continued)** |
| **Mortgage Securities - 12.7% - (continued)** | **Mortgage Securities - 12.7% - (continued)** | **Mortgage Securities - 12.7% - (continued)** | **Mortgage Securities - 12.7% - (continued)** |
|  |  | Government National Mortgage Association (GNMA): |  |
| $456458 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-H06, Class FD, 5.353% (1-Month Term SOFR + 1.034%) due 7/20/65(b) | $458760 |
| 683177 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-H15, Class FE, 6.717% (1-Year Term SOFR + 1.515%) due 7/20/67(b) | 695257 |
| 64321 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-17, Class EU, 2.500% due 10/20/49 | 56672 |
| 45667 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-21, Class AC, 2.500% due 1/20/49 | 40455 |
| 2840872 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-122, Class FA, 3.000% (30-Day Average SOFR + 0.400%) due 7/20/51(b) | 2454411 |
| 196374 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-H11, Class FC, 5.428% (30-Day Average SOFR + 1.100%) due 5/20/73(b) | 199101 |
| 383410 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-H24, Class FA, 5.278% (30-Day Average SOFR + 0.950%) due 10/20/73(b) | 385518 |
| 193297 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-H27, Class FD, 5.428% (30-Day Average SOFR + 1.100%) due 11/20/73(b) | 195905 |
| 778370 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-H01, Class FB, 5.228% (30-Day Average SOFR + 0.900%) due 1/20/74(b) | 780003 |
| 1016235 | AAA(e) | GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1, 1.750%<br>due 12/25/60(a)(b) | 951294 |
|  |  | GS Mortgage-Backed Securities Trust: |  |
| 668971 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-GR2, Class A9, 5.000% (30-Day Average SOFR + 0.850%) due 2/25/52(a)(b) | 620125 |
| 229536 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A9, 5.000% (30-Day Average SOFR + 0.850%) due 12/25/51(a)(b) | 213166 |
| 536201 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-PJ7, Class A25, 5.671% (30-Day Average SOFR + 1.350%) due 11/25/54(a)(b) | 532569 |
| 142929 | BBB- | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2019-FL12, Class A, 5.826% (1-Month Term SOFR + 1.497%) due 12/15/31(a)(b) | 142391 |
|  |  | JPMorgan Mortgage Trust: |  |
| 147651 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-INV3, Class A3, 3.500% due 5/25/50(a)(b) | 131820 |
| 288074 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-12, Class A11, 5.000% (30-Day Average SOFR + 0.850%) due 2/25/52(a)(b) | 267457 |
| 243984 | NR | Legacy Mortgage Asset Trust, Series 2021-GS5, Class A1, step bond to yield, 5.250%<br>due 7/25/67(a) | 243510 |
| 454301 | Aaa(c) | M360 Ltd., Series 2021-CRE3, Class A, 5.942% (1-Month Term SOFR + 1.614%)<br>due 11/22/38(a)(b) | 454023 |
| 161651 | Aaa(c) | MF1 Ltd., Series 2020-FL4, Class A, 6.143% (1-Month Term SOFR + 1.814%)<br>due 12/15/35(a)(b) | 161792 |
|  |  | MFA Trust: |  |
| 122359 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-NQM1, Class A1, 2.479% due 3/25/65(a)(b) | 117832 |
| 115274 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-NQM2, Class A1, 1.381% due 4/25/65(a)(b) | 111388 |
|  |  | Mill City Mortgage Loan Trust: |  |
| 354919 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-GS2, Class A1, 2.750% due 8/25/59(a)(b) | 342525 |
| 253193 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-NMR1, Class A1, 1.125% due 11/25/60(a)(b) | 241441 |
| 1600000 | Aaa(c) | Natixis Commercial Mortgage Securities Trust, Series 2021-APPL, Class A, 5.543% (1-Month Term SOFR + 1.214%) due 8/15/38(a)(b) | 1544482 |
|  |  | New Residential Mortgage Loan Trust: |  |
| 133021 | NR | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-3A, Class A1, 4.500% due 5/25/58(a)(b) | 129472 |
| 40238 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-RPL1, Class A1, 3.500% due 12/25/57(a)(b) | 38896 |
| 366018 | NR | NYMT Loan Trust, Series 2021-SP1, Class A1, step bond to yield, 4.670% due 8/25/61(a) | 364484 |
| 1800000 | AAA(e) | NYO Commercial Mortgage Trust, Series 2021-1290, Class A, 5.538%<br>(1-Month Term SOFR + 1.209%) due 11/15/38(a)(b) | 1793221 |
|  |  | OBX Trust: |  |
| 278001 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, step bond to yield, 5.988% due 1/25/64(a) | 279324 |
| 516664 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-NQM6, Class A1, step bond to yield, 6.447% due 2/25/64(a) | 522218 |
| 647408 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust, Series 2024-HYB1, Class A1A, 4.525% due 11/25/63(a)(b) | 650189 |
|  |  | Towd Point Mortgage Trust: |  |
| 231653 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-3, Class A1, 3.750% due 5/25/58(a)(b) | 226678 |
| 116415 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-HY2, Class A1, 5.439% (1-Month Term SOFR + 1.114%) due 5/25/58(a)(b) | 119358 |
| 138668 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-HY3, Class A1A, 5.439% (1-Month Term SOFR + 1.114%) due 10/25/59(a)(b) | 140145 |
| 401517 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, 2.710% due 1/25/60(a)(b) | 384255 |
| 640902 | AAA(e) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-SJ2, Class A1A, 2.250% due 12/25/61(a)(b) | 619305 |
| 166293 | AAA(e) | Verus Securitization Trust, Series 2023-5, Class A1, step bond to yield, 6.476%<br>due 6/25/68(a) | 167261 |
| 246153 | AA | WaMu Mortgage Pass-Through Certificates Trust, Series 2005-AR13, Class A1A1, 5.019% (1-Month Term SOFR + 0.694%) due 10/25/45(b) | 246020 |
|  |  | Total Mortgage Securities | 52156567 |
|  |  | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br> (Cost - $83,763,756) | **82665227** |
| **ASSET-BACKED SECURITIES - 11.8%** | **ASSET-BACKED SECURITIES - 11.8%** | **ASSET-BACKED SECURITIES - 11.8%** | **ASSET-BACKED SECURITIES - 11.8%** |
| **Automobiles - 7.0%** | **Automobiles - 7.0%** | **Automobiles - 7.0%** | **Automobiles - 7.0%** |
| 1617717 | AAA | ARI Fleet Lease Trust, Series 2024-B, Class A2, 5.540% due 4/15/33(a) | 1626538 |
| 1675003 | Aaa(c) | Bank of America Auto Trust, Series 2023-1A, Class A3, 5.530% due 2/15/28(a) | 1686151 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | |
|:---|:---|:---|
| **Face <br>Amount/Units†** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - 11.8% - (continued)** | **ASSET-BACKED SECURITIES - 11.8% - (continued)** | **ASSET-BACKED SECURITIES - 11.8% - (continued)** |
| **Automobiles - 7.0% - (continued)** | **Automobiles - 7.0% - (continued)** | **Automobiles - 7.0% - (continued)** |
|  | BMW Vehicle Lease Trust: |  |
| $123974 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A3, 5.990% due 9/25/26 | $124469 |
| 311288 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A2B, 4.722% (30-Day Average SOFR + 0.400%) due 7/27/26(b) | 311323 |
|  | CarMax Auto Owner Trust: |  |
| 477681 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A2B, 4.952% (30-Day Average SOFR + 0.620%) due 3/15/27(b) | 477874 |
| 1390019 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A2B, 4.802% (30-Day Average SOFR + 0.470%) due 9/15/27(b) | 1390641 |
|  | Carvana Auto Receivables Trust: |  |
| 99372 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P2, Class A4, 0.800% due 1/10/27 | 98446 |
| 2769000 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-P1, Class A4, 5.940% due 1/10/29(a) | 2818020 |
| 1940550 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-P2, Class A3, 5.420% due 4/10/28(a) | 1946323 |
| 1765490 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-P4, Class A3, 6.160% due 10/10/28(a) | 1784107 |
| 127833 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-P5, Class A2, 5.770% due 4/12/27(a) | 127922 |
| 2000000 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-P1, Class A3, 5.050% due 4/10/29(a) | 2008687 |
|  | Chase Auto Owner Trust: |  |
| 316327 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, 5.660% due 5/26/27(a) | 317135 |
| 2000000 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3A, Class A3, 5.220% due 7/25/29(a) | 2022312 |
| 411804 Aaa(c) | Chesapeake Funding II LLC, Series 2024-1A, Class A1, 5.520% due 5/15/36(a) | 415717 |
| 620284 AAA | Citizens Auto Receivables Trust, Series 2024-1, Class A2B, 4.932%<br>(30-Day Average SOFR + 0.600%) due 10/15/26(a)(b) | 620479 |
| 324075 AAA | Ford Credit Auto Lease Trust, Series 2024-A, Class A2B, 4.832%<br>(30-Day Average SOFR + 0.500%) due 7/15/26(b) | 324094 |
| 1000000 Aaa(c) | Hertz Vehicle Financing III LLC, Series 2023-1A, Class A, 5.490% due 6/25/27(a) | 1005351 |
| 507183 AAA | Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A2B, 4.832%<br>(30-Day Average SOFR + 0.500%) due 6/15/26(a)(b) | 507330 |
| 15387 Aaa(c) | LAD Auto Receivables Trust, Series 2023-2A, Class A2, 5.930% due 6/15/27(a) | 15396 |
| 200000 Aaa(c) | Oscar US Funding XV LLC, Series 2023-1A, Class A3, 5.810% due 12/10/27(a) | 201414 |
| 456040 Aaa(c) | Oscar US Funding XVI LLC, Series 2024-1A, Class A2, 5.480% due 2/10/27(a) | 456771 |
|  | SBNA Auto Lease Trust: |  |
| 379119 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2, 5.670% due 11/20/26(a) | 379698 |
| 1300000 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A3, 5.560% due 11/22/27(a) | 1311099 |
| 362383 AAA | SFS Auto Receivables Securitization Trust, Series 2024-2A, Class A2, 5.710%<br>due 10/20/27(a) | 363346 |
| 1006356 Aaa(c) | Tesla Electric Vehicle Trust, Series 2023-1, Class A2B, 4.848%<br>(30-Day Average SOFR + 0.520%) due 12/21/26(a)(b) | 1006746 |
|  | Toyota Auto Receivables Owner Trust: |  |
| 677789 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C, Class A3, 3.760% due 4/15/27 | 675435 |
| 26325 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-C, Class A2A, 5.600% due 8/17/26 | 26339 |
| 4000000 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.460% due 3/15/28 | 3995077 |
| 482152 Aaa(c) | Toyota Lease Owner Trust, Series 2024-B, Class A2B, 4.768%<br>(30-Day Average SOFR + 0.440%) due 2/22/27(a)(b) | 481958 |
| 14853 AAA | Volkswagen Auto Loan Enhanced Trust, Series 2023-1, Class A2A, 5.500% due 12/21/26 | 14862 |
| 515681 AAA | World Omni Auto Receivables Trust, Series 2023-D, Class A2A, 5.910% due 2/16/27 | 516500 |
|  | Total Automobiles | 29057560 |
| **Credit Cards - 3.0%** | **Credit Cards - 3.0%** | **Credit Cards - 3.0%** |
| 700000 Aaa(c) | CARDS II Trust, Series 2023-2A, Class A, 5.159% (SOFR + 0.850%) due 7/15/28(a)(b) | 700396 |
| 1100000 Aaa(c) | Golden Credit Card Trust, Series 2022-1A, Class A, 1.970% due 1/15/29(a) | 1054653 |
|  | Master Credit Card Trust II: |  |
| 2300000 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, 5.181% (30-Day Average SOFR + 0.850%) due 1/21/27(a)(b) | 2301281 |
| 2200000 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.081% (30-Day Average SOFR + 0.750%) due 1/21/28(a)(b) | 2203463 |
|  | Trillium Credit Card Trust II: |  |
| 3000000 AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-3A, Class A, 5.169% (SOFR + 0.850%) due 8/26/28(a)(b) | 3002719 |
| 3000000 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.072% (SOFR + 0.750%) due 12/26/28(a)(b) | 3006537 |
|  | Total Credit Cards | 12269049 |
| **Student Loans - 1.8%** | **Student Loans - 1.8%** | **Student Loans - 1.8%** |
|  | ECMC Group Student Loan Trust: |  |
| 418793 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-2A, Class A, 5.486% (30-Day Average SOFR + 1.164%) due 5/25/67(a)(b) | 416650 |
| 305876 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1A, Class A, 5.186% (30-Day Average SOFR + 0.864%) due 2/27/68(a)(b) | 303366 |
| 463133 Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1B, 5.436% (30-Day Average SOFR + 1.114%) due 7/25/69(a)(b) | 461446 |
| 1356736 AAA | ELFI Graduate Loan Program LLC, Series 2021-A, Class A, 1.530% due 12/26/46(a) | 1198815 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | **Rating††** | **Security** | **Value** |
| **ASSET-BACKED SECURITIES - 11.8% - (continued)** | **ASSET-BACKED SECURITIES - 11.8% - (continued)** | **ASSET-BACKED SECURITIES - 11.8% - (continued)** | **ASSET-BACKED SECURITIES - 11.8% - (continued)** |
| **Student Loans - 1.8% - (continued)** | **Student Loans - 1.8% - (continued)** | **Student Loans - 1.8% - (continued)** | **Student Loans - 1.8% - (continued)** |
|  |  | Navient Private Education Loan Trust: |  |
| $369801 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-BA, Class A3, 5.893% (1-Month Term SOFR + 1.564%)<br>due 7/16/40(a)(b) | $371733 |
| 198123 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A, Class A2B, 5.343% (1-Month Term SOFR + 1.014%)<br>due 11/15/68(a)(b) | 197650 |
|  |  | Navient Private Education Refinance Loan Trust: |  |
| 121746 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-GA, Class A, 1.170% due 9/16/69(a) | 112349 |
| 177648 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-IA, Class A1A, 1.330% due 4/15/69(a) | 162413 |
|  |  | Nelnet Student Loan Trust: |  |
| 467494 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-3A, Class A, 5.286% (30-Day Average SOFR + 0.964%)<br>due 2/25/66(a)(b) | 467479 |
| 27693 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-3A, Class A2, 4.879% (1-Month Term SOFR + 0.554%)<br>due 9/27/66(a)(b) | 27701 |
| 458030 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2A, Class A, 5.336% (30-Day Average SOFR + 1.014%)<br>due 6/27/67(a)(b) | 458010 |
| 368200 | AA+ | &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-3A, Class A, 5.239% (1-Month Term SOFR + 0.914%)<br>due 8/25/67(a)(b) | 367022 |
|  |  | SMB Private Education Loan Trust: |  |
| 172834 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-PTA, Class A2A, 1.600% due 9/15/54(a) | 161748 |
| 144747 | AAA | &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-D, Class A1A, 1.340% due 3/17/53(a) | 131470 |
| 429879 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-C, Class A1B, 5.881%<br>(30-Day Average SOFR + 1.550%) due 11/15/52(a)(b) | 434525 |
| 897612 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-D, Class A1B, 5.431%<br>(30-Day Average SOFR + 1.100%) due 7/15/53(a)(b) | 889573 |
| 1000000 | Aaa(c) | &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A, Class A1B, zero coupon (30-Day Average SOFR + 1.450%)<br>due 4/15/54(a)(b) | 1001864 |
| 267467 | Aaa(c) | Towd Point Asset Trust, Series 2021-SL1, Class A2, 5.139%<br>(1-Month Term SOFR + 0.814%) due 11/20/61(a)(b) | 266477 |
|  |  | Total Student Loans | 7430291 |
|  |  | **TOTAL ASSET-BACKED SECURITIES**<br> (Cost - $48,915,560) | **48756900** |
| **MORTGAGE-BACKED SECURITIES - 1.9%** | **MORTGAGE-BACKED SECURITIES - 1.9%** | **MORTGAGE-BACKED SECURITIES - 1.9%** | **MORTGAGE-BACKED SECURITIES - 1.9%** |
| **FHLMC - 0.2%** | **FHLMC - 0.2%** | **FHLMC - 0.2%** | **FHLMC - 0.2%** |
| 695714 |  | Federal Home Loan Mortgage Corp. (FHLMC), 4.000% due 6/1/49 - 9/1/49 | 646690 |
| **FNMA - 1.7%** | **FNMA - 1.7%** | **FNMA - 1.7%** | **FNMA - 1.7%** |
| 7200000 |  | Federal National Mortgage Association (FNMA), 5.500% due 7/1/55(f) | 7119500 |
|  |  | **TOTAL MORTGAGE-BACKED SECURITIES**<br> (Cost - $7,826,628) | **7766190** |
| **U.S. GOVERNMENT OBLIGATION - 0.2%** | **U.S. GOVERNMENT OBLIGATION - 0.2%** | **U.S. GOVERNMENT OBLIGATION - 0.2%** | **U.S. GOVERNMENT OBLIGATION - 0.2%** |
| 940967 |  | U.S. Treasury Inflation Indexed Notes, 2.125% due 4/15/29 |  |
|  |  | (Cost - $941,939) | **963871** |
|  |  | **TOTAL INVESTMENTS IN SECURITIES BEFORE SHORT-TERM INVESTMENTS**<br> (Cost - $344,959,785) | **342557594** |
| **SHORT-TERM INVESTMENTS - 19.2%** | **SHORT-TERM INVESTMENTS - 19.2%** | **SHORT-TERM INVESTMENTS - 19.2%** | **SHORT-TERM INVESTMENTS - 19.2%** |
| **COMMERCIAL PAPERS - 14.8%** | **COMMERCIAL PAPERS - 14.8%** | **COMMERCIAL PAPERS - 14.8%** | **COMMERCIAL PAPERS - 14.8%** |
|  |  | AbbVie Inc.: |  |
| 1000000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.612% due 6/10/25(a)(g) | 998978 |
| 300000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.614% due 6/13/25(a)(g) | 299578 |
| 2700000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.673% due 7/7/25(a)(g) | 2687820 |
| 4000000 |  | AES Corp., 4.819% due 6/6/25(a)(g) | 3997862 |
| 4000000 |  | Alimentation Couche-Tarde Inc., 4.663% due 6/9/25(a)(g) | 3996383 |
| 3200000 |  | Aon PLC., 4.711% due 6/12/25(a)(g) | 3195840 |
|  |  | Bacardi-Martini B.V.: |  |
| 4000000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.815% due 6/12/25(a)(g) | 3994667 |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.925% due 7/3/25(a)(g) | 398312 |
| 1900000 |  | Broadcom Corp., 4.777% due 6/3/25(a)(g) | 1899749 |
|  |  | CBRE Services Inc.: |  |
| 800000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.719% due 6/4/25(a)(g) | 799791 |
| 4400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.744% due 6/12/25(a)(g) | 4394219 |
|  |  | Enbridge Inc.: |  |
| 1200000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.635% due 6/18/25(a)(g) | 1197536 |
| 2800000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.637% due 6/20/25(a)(g) | 2793532 |
| 1200000 |  | Enel Finance America, 4.536% due 6/6/25(a)(g) | 1199400 |
| 4000000 |  | Global Payments Inc., 5.063% due 6/18/25(g) | 3991022 |
| 4000000 |  | Intel Corp., 4.614% due 7/3/25(a)(g) | 3984190 |

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | | | |
|:---|:---|:---|:---|
| **Face <br>Amount/Units†** | | **Security** | **Value** |
| **SHORT-TERM INVESTMENTS - 19.2% - (continued)** | **SHORT-TERM INVESTMENTS - 19.2% - (continued)** | **SHORT-TERM INVESTMENTS - 19.2% - (continued)** | **SHORT-TERM INVESTMENTS - 19.2% - (continued)** |
| **COMMERCIAL PAPERS - 14.8% - (continued)** | **COMMERCIAL PAPERS - 14.8% - (continued)** | **COMMERCIAL PAPERS - 14.8% - (continued)** | **COMMERCIAL PAPERS - 14.8% - (continued)** |
| $1000000 |  | JNS lang Inc., 4.696% due 6/16/25(a)(g) | $998164 |
|  |  | Jones Lang LaSalle Inc.: |  |
| 600000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.753% due 6/9/25(a)(g) | 599447 |
| 2400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.725% due 6/18/25(a)(g) | 2394980 |
| 3800000 |  | Keurig Dr Pepper Inc., 4.610% due 6/13/25(a)(g) | 3794659 |
| 3100000 |  | NextEra Energy Capital Holdings Inc., 4.678% due 6/9/25(a)(g) | 3097197 |
| 4000000 |  | Oracle Corp., 4.637% due 6/20/25(a)(g) | 3990760 |
|  |  | Quanta Services Inc.: |  |
| 400000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.907% due 6/2/25(a)(g) | 400000 |
| 4000000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.903% due 6/6/25(a)(g) | 3997822 |
| 1900000 |  | RTX Corp., 4.785% due 6/23/25(a)(g) | 1894735 |
|  |  | **TOTAL COMMERCIAL PAPERS**<br> (Cost - $60,996,643) | **60996643** |
| **CORPORATE BOND - 0.4%** | **CORPORATE BOND - 0.4%** | **CORPORATE BOND - 0.4%** | **CORPORATE BOND - 0.4%** |
| 1754000 |  | Pacific Gas & Electric Co., 5.365%(SOFR + 0.950%) due 9/4/25(b) |  |
|  |  | (Cost - $1,753,890) | **1753890** |
| **TIME DEPOSITS - 1.8%** | **TIME DEPOSITS - 1.8%** | **TIME DEPOSITS - 1.8%** | **TIME DEPOSITS - 1.8%** |
| 256837 |  | ANZ National Bank - London, 3.680% due 6/2/25 | 256837 |
| 21 | <sup>NZD</sup> | BBH - New York, 2.000% due 6/3/25 | 13 |
| 47 | <sup>EUR</sup> | Citibank - London, 1.080% due 6/2/25 | 53 |
| 7227812 |  | Citibank - New York, 3.680% due 6/2/25 | 7227812 |
|  |  | **TOTAL TIME DEPOSITS**<br> (Cost - $7,484,715) | **7484715** |
| **U.S. GOVERNMENT OBLIGATIONS - 2.2%** | **U.S. GOVERNMENT OBLIGATIONS - 2.2%** | **U.S. GOVERNMENT OBLIGATIONS - 2.2%** | **U.S. GOVERNMENT OBLIGATIONS - 2.2%** |
|  |  | U.S. Treasury Bills: |  |
| 1900000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.250% due 7/22/25(g) | 1888857 |
| 7100000 |  | &nbsp;&nbsp;&nbsp;&nbsp; 4.283% due 9/23/25(g) | 7005878 |
|  |  | **TOTAL U.S. GOVERNMENT OBLIGATIONS**<br> (Cost - $8,894,735) | **8894735** |
|  |  | **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost - $79,129,983) | **79129983** |
|  |  | **TOTAL INVESTMENTS - 102.3%**<br> (Cost - $424,089,768) | **421687577** |
|  |  | Liabilities in Excess of Other Assets - (2.3)% | (9348722) |
|  |  | **TOTAL NET ASSETS - 100.0%** | $**412338855** |

---

† Amount denominated in U.S. dollars, unless otherwise noted.

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

---

| | |
|:---|:---|
| @ | The amount is less than 0.05%.  |

---

(a) Restricted security that may be sold to "qualified institutional buyers" pursuant to the conditions
of Rule 144A under the Securities Act of 1933, as amended. This security has been deemed liquid pursuant to guidelines approved by the Board of Trustees, unless otherwise noted. The aggregate value of restricted 144A holdings at May 31, 2025,
amounts to $236,783,083 and represents 57.4% of net assets.

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

(c) Rating by Moody's Investors Service.

(d) Affiliated security. As of May 31, 2025, total cost and total value of affiliated security amounted to
$341,473 and $357,880, respectively.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Underlying Security** | **Beginning<br>Value as of<br>August 31, 2024** | **Purchases<br>at Cost** | **Proceeds<br>from Sales** | **Net Realized<br>Gain on Sales** | **Change in<br>Unrealized<br>Appreciation** | **Accretion<br>of discount** | **Dividend/<br>Interest<br>Income** | **Ending<br>Value as of<br>May 31, 2025** |
|  Morgan Stanley ABS Capital I Inc. Trust, Series 2004-HE4, Class M1, 5.339% (1-Month Term SOFR + 1.014%) due 5/25/34 | $371341 | $– | $(21639) | $32 | $7949 | $197 | $11707 | $357880 |

---

(e) Rating by Fitch Ratings Service.

(f) This security is traded on a TBA basis (see Note 1).

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

(h) Security is valued in good faith at fair value by or under the direction of the Board of Trustees.

At May 31, 2025, for Ultra-Short Term Fixed Income Fund the aggregate cost of investments and the aggregate gross unrealized appreciation and depreciation of all investments for federal income tax purposes were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For<br>Federal Income<br>Tax Purposes** | **Gross<br>Unrealized<br>Appreciation** | **Gross<br>Unrealized<br>(Depreciation)** | **Net<br>Unrealized<br>(Depreciation)** |
|  Ultra-Short Term Fixed Income Fund | $424089768 | $1066350 | $(3591304) | $(2524954) |

---

---

| | |
|:---|:---|
| **Abbreviations used in this schedule:** | **Abbreviations used in this schedule:** |
|  ABS | Asset-Backed Security |
|  CLO | Collateralized Loan Obligation |
|  CMT | Constant Maturity Treasury Rate |
|  LLC | Limited Liability Company |
|  MASTR | Mortgage Asset Securitization Transactions, Inc. |
|  PLC | Public Limited Company |
|  REMICS | Real Estate Mortgage Investment Conduits |
|  SOFR | Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
|  Corporate Bonds & Notes | 48.0% |
|  Collateralized Mortgage Obligations | 19.6 |
|  Asset-Backed Securities | 11.6 |
|  Mortgage-Backed Securities | 1.8 |
|  U.S. Government Obligation | 0.2 |
|  Short-Term Investments | 18.8 |
|  Total Investments | 100.0% |

---

---

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

---

------

**Schedules of Investments** 

(unaudited) (continued)

**Ultra-Short Term Fixed Income Fund** 

At May 31, 2025, Ultra-Short Term Fixed Income Fund had open exchange-traded futures contracts as described below.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Number of<br>Contracts** | **Expiration<br>Date<br>(Month/Year)** | **Notional<br>Amount** | **Value** | **Unrealized<br>Appreciation/<br>(Depreciation)** |
|  **Contracts to Buy:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3-Month SOFR Futures | 170 | 3/27 | $41043279 | $41123000 | $79721 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 5-Year Note Futures | 263 | 9/25 | 28356742 | 28453312 | 96570 |
|  |  |  |  |  | 176291 |
|  **Contracts to Sell:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3-Month SOFR Futures | 30 | 6/25 | 7174703 | 7174125 | 578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3-Month SOFR Futures | 209 | 3/26 | 50299563 | 50261888 | 37675 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 2-Year Note Futures | 438 | 9/25 | 90710484 | 90857624 | (147140) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury 10-Year Note Futures | 56 | 9/25 | 6155625 | 6202000 | (46375) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Ultra Long Bond Futures | 47 | 9/25 | 5339641 | 5454938 | (115297) |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Ultra Long Bond Futures | 24 | 9/25 | 2672630 | 2701125 | (28495) |
|  |  |  |  |  | (299054) |
|  Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | Net Unrealized Depreciation on Open Exchange-Traded Futures Contracts | $(122763) |

---

At May 31, 2025, Ultra-Short Term Fixed Income Fund had deposited cash of $788,000 with a broker or brokers as margin collateral on open exchange-traded futures contracts.

------

**Schedules of Investments** 

(continued)

**Ultra-Short Term Fixed Income Fund** 

---

| | |
|:---|:---|
| **<u>Currency abbreviations used in this schedule:</u>** | **<u>Currency abbreviations used in this schedule:</u>** |
| EUR | Euro |
| NZD | New Zealand Dollar |

---

**See pages 258-260 for definitions of ratings.** 

------

**Schedules of Investments** 

(unaudited) (continued)

**Alternative Strategies Fund** 

---

| | | |
|:---|:---|:---|
| **Units** | **Security** | **Value** |
| **OPEN END MUTUAL FUND SECURITIES - 98.8%** | **OPEN END MUTUAL FUND SECURITIES - 98.8%** | **OPEN END MUTUAL FUND SECURITIES - 98.8%** |
| **United States - 98.8%** | **United States - 98.8%** | **United States - 98.8%** |
| 589836 | AB Select US Long/Short Portfolio, Class I | $8906518 |
| 1552589 | Abbey Capital Futures Strategy Fund, Class I | 16146922 |
| 704896 | American Beacon AHL TargetRisk Fund, Class Y | 7175839 |
| 1379141 | BlackRock Event Driven Equity Fund, Institutional Class | 14370646 |
| 611107 | BlackRock Global Equity Market Neutral Fund, Institutional Class | 8983273 |
| 1723622 | BlackRock Systematic Multi-Strategy Fund, Institutional Class | 17960146 |
| 818953 | BNY Mellon Global Real Return Fund, Class Y | 12734717 |
| 700791 | Calamos Market Neutral Income Fund, Class I | 10736116 |
| 69573 | Cohen & Steers Global Realty Shares Inc., Class I | 3773613 |
| 1681359 | John Hancock Diversified Macro Fund, Class I | 14325181 |
| 220200 | JPMorgan Hedged Equity Fund, Class I | 7160888 |
| 643209 | Neuberger Berman Long Short Fund, Institutional Class | 12452525 |
| 262463 | PIMCO CommodityRealReturn Strategy Fund, Institutional Class | 3572121 |
| 1292014 | PIMCO Credit Opportunities Bond Fund, Institutional Class | 12584214 |
| 1930024 | PIMCO Mortgage Opportunities and Bond Fund, Class I2 | 17910620 |
| 1048708 | Touchstone Flexible Income Fund, Institutional Class | 10738770 |
|  | **TOTAL INVESTMENTS - 98.8%**<br> (Cost - $176,049,219) | **179532109** |
|  | Other Assets in Excess of Liabilities - 1.2% | 2186246 |
|  | **TOTAL NET ASSETS - 100.0%** | $**181718355** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Aggregate Cost For**<br>**Federal Income<br>Tax Purposes** | **Gross**<br>**Unrealized**<br>**Appreciation** | **Gross**<br>**Unrealized**<br>**(Depreciation)** | **Net**<br>**Unrealized**<br>**Appreciation** |
|  Alternative Strategies Fund | $176049219 | $6925619 | $(3442729) | $3482890 |

---

---

| | |
|:---|:---|
| **Summary of Investments by Security Type^** | |
|  Open End Mutual Fund Securities | 100.0% |

---

---

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

---

------

**Ratings** 

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

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

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

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

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

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

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

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

P — Preliminary rating.

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

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

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

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

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

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

------

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

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

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

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

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

e — Expected.

u — Upgraded.

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

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

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

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

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

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

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

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

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

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

------

**Short-Term Security Ratings** 

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

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

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

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

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

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

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

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**1. Organization and Significant Accounting Policies** 

The Morgan Stanley Pathway Funds (the "Trust") is organized as a Massachusetts business trust and registered under the Investment Company Act of 1940, as amended ("1940 Act"), as an open-end management investment company. The Trust currently consists of Morgan Stanley Pathway Large Cap Equity ETF, Morgan Stanley Pathway Small-Mid Cap Equity ETF, International Equity Fund, Emerging Markets Equity Fund, Core Fixed Income Fund, High Yield Fund, International Fixed Income Fund, Municipal Bond Fund, Inflation-Linked Fixed Income Fund, Ultra-Short Term Fixed Income Fund and Alternative Strategies Fund (individually, a "Fund" and collectively, the "Funds"). Alternative Strategies Fund will allocate its assets among shares of mutual funds, exchange-traded funds or closed-end funds managed by a third party professional money manager ("Underlying Funds"). Each Fund is a diversified series of the Trust, except for International Fixed Income Fund, which is non-diversified.

The investment objectives of each Fund are as follows:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;Morgan Stanley Pathway Large Cap Equity ETF | Capital appreciation |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Pathway Small-Mid Cap Equity ETF | Capital appreciation |
| &nbsp;&nbsp;&nbsp;International Equity Fund | Capital appreciation |
| &nbsp;&nbsp;&nbsp;Emerging Marketing Equity Fund | Long-term capital appreciation |
| &nbsp;&nbsp;&nbsp;Core Fixed Income Fund | Maximum total return, consistent with preservation of capital and prudent investment management |
| &nbsp;&nbsp;&nbsp;High Yield Fund | A high level of current income primarily through investment in below-investment grade debt securities |
| &nbsp;&nbsp;&nbsp;International Fixed Income Fund | Maximize current income, consistent with the protection of principal |
| &nbsp;&nbsp;&nbsp;Municipal Bond Fund | A high level of interest income that is excluded form federal income taxation, to the extent consistent with prudent investment management and the preservation of capital |
| &nbsp;&nbsp;&nbsp;Inflation-Linked Fixed Income Fund | Total return that exceeds the rate of inflation over an economic cycle |
| &nbsp;&nbsp;&nbsp;Ultra-Short Term Fixed Income Fund | Total return, consistent with preservation of capital |
| &nbsp;&nbsp;&nbsp;Alternative Strategies Fund | Long term growth of capital |

---

The following is a summary of significant accounting policies consistently followed by the Funds which are in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Estimates and assumptions are required to be made by management regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ. The Funds are investment companies and follow the accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 – Investment Companies.

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

Exchange-traded purchased and written options and futures contracts are valued at the last sale price (closing price) in the market where such contracts are principally traded or, if no sales are reported, the bid price. Swaps for which quotations are available on an automated basis from approved third-party pricing services are valued using those automated third-party pricing service quotations. Forward foreign currency contracts are valued using the official closing price for such contracts on the NYSE.

------

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

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

Overnight repurchase agreements and repurchase agreements maturing in seven days or less are valued at cost. Term repurchase agreements maturing in more than seven days are valued at the average of the bid quotations obtained daily from at least two recognized purchasers of such term repurchase agreements selected by Consulting Group Advisory Services, LLC ("CGAS") (the "Manager").

The Board of Trustees (the "Board") has ultimate responsibility for ensuring the Funds' investments are valued appropriately. The Board has delegated primary responsibility for determining or causing to be determined the value of the Funds' investments (including any fair valuation) to the Manager pursuant to valuation policies and procedures approved by the Board. When market quotations are not readily available or are determined to be unreliable, investments are valued at fair value as determined in good faith by the valuation committee established by the Manager in accordance with such procedures under the oversight of the Board. Circumstances that may indicate that market quotations are not readily available or are unreliable include, but are not limited to, such instances when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, and before the applicable Fund calculates its Net Asset Value ("NAV").

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

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

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

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

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

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

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

------

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

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

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

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

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

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

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

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

------

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

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Morgan Stanley Pathway Large Cap Equity ETF** | **Morgan Stanley Pathway Large Cap Equity ETF** | **Morgan Stanley Pathway Large Cap Equity ETF** | **Morgan Stanley Pathway Large Cap Equity ETF** | **Morgan Stanley Pathway Large Cap Equity ETF** |
|  **Investments, at Value** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | $272900548 \* | $272900548 | $— | $— \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 317934031 | 317934031 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 140195581 | 140195581 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 90742771 | 90742771 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 507417200 | 507417200 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 308464347 | 308464347 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 314744172 | 314744172 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 793630157 | 793630157 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 79208974 | 79208974 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | 74430646 | 74430646 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 59018826 | 59018826 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | 7708147 | 7708147 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 44769961 |  | 44769961 |  |
|  **Total Investments, at Value** | $**3011165361** **\*** | $**2966395400** | $**44769961** | $**—** **\*** |
|  **Securities Lending Transactions - Liabilities** | $**(7708147)** | $**—** | $**(7708147)** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $1072582 | $1072582 | $— | $— |
|  **Total Other Financial Instruments - Assets** | $**1072582** | $**1072582** | $**—** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Morgan Stanley Pathway Small-Mid Cap Equity ETF** | **Morgan Stanley Pathway Small-Mid Cap Equity ETF** | **Morgan Stanley Pathway Small-Mid Cap Equity ETF** | **Morgan Stanley Pathway Small-Mid Cap Equity ETF** | **Morgan Stanley Pathway Small-Mid Cap Equity ETF** |
|  **Investments, at Value** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | $14157320 \* | $14157320 | $— | $— \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 59072938 | 59072938 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 20724977 | 20724977 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 26016986 \* | 26016986 |  | — \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 89783208 | 89783208 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 76561222 | 76555328 | 5894 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 121170214 | 121170214 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology | 96732846 | 96732846 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 24122342 | 24120352 | 1990 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Estate | 28191485 | 28191485 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 23970781 | 23970781 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrant: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | 338 |  | 338 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | 6093217 | 6093217 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 16533536 |  | 16533536 |  |
|  **Total Investments, at Value** | $**603131410** **\*** | $**586589652** | $**16541758** | $**—** **\*** |
|  **Securities Lending Transactions - Liabilities** | $**(6093217)** | $**—** | $**(6093217)** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $325096 | $325096 | $— | $— |
|  **Total Other Financial Instruments - Assets** | $**325096** | $**325096** | $**—** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **International Equity Fund** | **International Equity Fund** | **International Equity Fund** | **International Equity Fund** | **International Equity Fund** |
|  **Investments, at Value** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France | $136427711 | $— | $136427711 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | 105380089 | 327563 | 105052526 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 218144917 | 594999 | 217549918 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands | 59754191 |  | 59754191 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland | 89258664 |  | 89258664 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 191901437 | 2255619 | 189645818 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Countries\*\* | 331885265 | 57145204 | 274740061 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany | 1551718 |  | 1551718 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open End Mutual Fund Security: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 1186077 | 1186077 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | 4914925 | 4914925 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 26370892 |  | 26370892 |  |
|  **Total Investments, at Value** | $**1166775886** | $**66424387** | $**1100351499** | $**—** |
|  **Security Lending Transactions - Liabilities** | $**(4914925)** | $**—** | $**(4914925)** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $74314 | $74314 | $— | $— |
|  **Total Other Financial Instruments - Assets** | $**74314** | $**74314** | $**—** | $**—** |

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------

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** | **Emerging Markets Equity Fund** |
|  **Investments, at Value** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China | $141376886 | $15267468 | $126109416 | $2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India | 106103603 | 18842935 | 87260668 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea | 49121119 | 82731 | 49038388 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan | 93353805 | 10848732 | 82505073 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Countries\*\* | 177467803 \* | 68343994 | 109111821 | 11988 \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | 3987446 | 3987446 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chile | 128124 | 128124 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colombia | 116946 | 116946 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | 286846 | 286846 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea | 2857065 |  | 2857065 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Right: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea | 6066 |  | 6066 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Malaysia | 3405 |  | 3405 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Fund | 513813 | 513813 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 11542896 |  | 11542896 |  |
|  **Total Investments, at Value** | $**586865823** **\*** | $**118419035** | $**468434798** | $**11990** **\*** |
|  **Security Lending Transactions - Liabilities** | $**(513813)** | $**—** | $**(513813)** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contract | $37245 | $37245 | $— | $— |
|  **Total Other Financial Instruments - Assets** | $**37245** | $**37245** | $**—** | $**—** |
|  **Other Financial Instruments - Liabilities\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contract | $(2) | $— | $(2) | $— |
|  **Total Other Financial Instruments - Liabilities** | $**(2)** | $**—** | $**(2)** | $**—** |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Core Fixed Income Fund** | **Core Fixed Income Fund** | **Core Fixed Income Fund** | **Core Fixed Income Fund** | **Core Fixed Income Fund** |
|  **Investments, at Value** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | $483271911 \* | $— | $483271911 | $— \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities | 471661025 |  | 471661025 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Agencies & Obligations | 315248394 |  | 315248394 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | 214132389 |  | 214132389 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Countries\*\* | 41068281 |  | 41068281 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | 29404636 |  | 29404636 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open End Mutual Fund Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 5264030 | 5264030 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Loans | 2971923 |  | 2971923 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | 2454364 |  | 2454364 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunications | 467438 |  | 467438 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 108150600 |  | 108150600 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligation | 16426554 |  | 16426554 |  |
|  **Total Investments, at Value** | $**1690521545** **\*** | $**5264030** | $**1685257515** | $**—** **\*** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $920403 | $920403 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | 146605 |  | 146605 |  |
|  **Total Other Financial Instruments - Assets** | $**1067008** | $**920403** | $**146605** | $**—** |
|  **Other Financial Instruments - Liabilities\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $(174870) | $(174870) | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | (1960256) |  | (1960256) |  |
|  **Total Other Financial Instruments - Liabilities** | $**(2135126)** | $**(174870)** | $**(1960256)** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **High Yield Fund** | **High Yield Fund** | **High Yield Fund** | **High Yield Fund** | **High Yield Fund** |
|  **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | $130773326 | $— | $130773326 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Loans | 466244 |  | 466244 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 4749065 |  | 4749065 |  |
|  **Total Investments, at Value** | $**135988635** | $**—** | $**135988635** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **International Fixed Income Fund** | **International Fixed Income Fund** | **International Fixed Income Fund** | **International Fixed Income Fund** | **International Fixed Income Fund** |
|  **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities | $74050538 | $— | $74050538 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France | 9741363 |  | 9741363 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan | 18820727 |  | 18820727 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spain | 15274302 |  | 15274302 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Countries\*\* | 29006081 |  | 29006081 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | 29989571 |  | 29989571 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | 21195558 |  | 21195558 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligations | 13971581 |  | 13971581 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | 234552 |  | 234552 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bond | 204955 |  | 204955 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchased Options | 2103 |  | 2103 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Papers | 499000 |  | 499000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 5154808 |  | 5154808 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligations | 383002 |  | 383002 |  |
|  **Total Investments, at Value** | $**218528141** | $**—** | $**218528141** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $474247 | $474247 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | 543558 |  | 543558 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Total Return Swap | 11590 |  | 11590 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Interest Rate Swaps | 80654 |  | 80654 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Interest Rate Swaps | 1792654 |  | 1792654 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Credit Default Swaps | 10572 |  | 10572 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Credit Default Swaps | 193018 |  | 193018 |  |
|  **Total Other Financial Instruments - Assets** | $**3106293** | $**474247** | $**2632046** | $**—** |
|  **Other Financial Instruments - Liabilities\*\*\*** | **Other Financial Instruments - Liabilities\*\*\*** | **Other Financial Instruments - Liabilities\*\*\*** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Contracts Written | $(13528) | $(2188) | $(11340) | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reverse Repurchase Agreements | (11941642) |  | (11941642) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Sale Commitments | (18793232) |  | (18793232) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | (409462) | (409462) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | (1009162) |  | (1009162) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Total Return Swaps | (37238) |  | (37238) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Interest Rate Swaps | (65578) |  | (65578) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Interest Rate Swaps | (2332580) |  | (2332580) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Credit Default Swaps | (2021) |  | (2021) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Credit Default Swaps | (27963) |  | (27963) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTC Cross Currency Swaps | (1733496) |  | (1733496) |  |
|  **Total Other Financial Instruments - Liabilities** | $**(36365902)** | $**(411650)** | $**(35954252)** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Municipal Bond Fund** | **Municipal Bond Fund** | **Municipal Bond Fund** | **Municipal Bond Fund** | **Municipal Bond Fund** |
|  **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | $73247109 | $— | $73247109 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 4792881 |  | 4792881 |  |
|  **Total Investments, at Value** | $**78039990** | $**—** | $**78039990** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Inflation-Linked Fixed Income Fund** | **Inflation-Linked Fixed Income Fund** | **Inflation-Linked Fixed Income Fund** | **Inflation-Linked Fixed Income Fund** | **Inflation-Linked Fixed Income Fund** |
|  **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligations | $153613731 | $— | $153613731 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities | 19913029 |  | 19913029 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | 16251224 |  | 16251224 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovereign Bonds: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Countries\*\* | 3638011 |  | 3638011 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | 176927 |  | 176927 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 535531 |  | 535531 |  |
|  **Total Investments, at Value** | $**194128453** | $**—** | $**194128453** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $227084 | $227084 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | 268978 |  | 268978 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Interest Rate Swaps | 1689107 |  | 1689107 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Inflation Rate Swaps | 766437 |  | 766437 |  |
|  **Total Other Financial Instruments - Assets** | $**2951606** | $**227084** | $**2724522** | $**—** |
|  **Other Financial Instruments - Liabilities\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options Contracts Written | $(169698) | $— | $(169698) | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reverse Repurchase Agreement | (26060500) |  | (26060500) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | (247898) | (247898) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | (401359) |  | (401359) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Interest Rate Swaps | (353796) |  | (353796) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Centrally Cleared Inflation Rate Swaps | (1196062) |  | (1196062) |  |
|  **Total Other Financial Instruments - Liabilities** | $**(28429313)** | $**(247898)** | $**(28181415)** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Ultra-Short Term Fixed Income Fund** | **Ultra-Short Term Fixed Income Fund** | **Ultra-Short Term Fixed Income Fund** | **Ultra-Short Term Fixed Income Fund** | **Ultra-Short Term Fixed Income Fund** |
|  **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bonds & Notes | $202405406 | $— | $202405406 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateralized Mortgage Obligations | 82665227 |  | 82665227 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset-Backed Securities | 48756900 |  | 48756900 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-Backed Securities | 7766190 |  | 7766190 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligation | 963871 |  | 963871 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Papers | 60996643 |  | 60996643 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate Bond | 1753890 |  | 1753890 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits | 7484715 |  | 7484715 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Obligations | 8894735 |  | 8894735 |  |
|  **Total Investments, at Value** | $**421687577** | $**—** | $**421687577** | $**—** |
|  **Other Financial Instruments - Assets\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $214544 | $214544 | $— | $— |
|  **Total Other Financial Instruments - Assets** | $**214544** | $**214544** | $**—** | $**—** |
|  **Other Financial Instruments - Liabilities\*\*\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | $(337307) | $(337307) | $— | $— |
|  **Total Other Financial Instruments - Liabilities** | $**(337307)** | $**(337307)** | $**—** | $**—** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total Fair Value at<br>May 31, 2025** | **Unadjusted Quoted Prices<br>in Active Markets<br>for Identical Investments<br>(Level 1)** | **Significant Observable<br>Inputs (Level 2)** | **Significant<br>Unobservable<br>Inputs (Level 3)** |
|  **Alternative Strategies Fund** | **Alternative Strategies Fund** | **Alternative Strategies Fund** | **Alternative Strategies Fund** | **Alternative Strategies Fund** |
|  **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** | **Investments, at Value** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open End Mutual Fund Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | $179532109 | $179532109 | $— | $— |
|  **Total Investments, at Value** | $**179532109** | $**179532109** | $**—** | $**—** |

---

\* Includes securities that are fair valued using significant unobservable inputs at $0. 

\*\* Other countries represents countries that are individually less than 5% of Net Assets. 

\*\*\* Swaps, futures contracts and forward foreign currency contracts are valued at the unrealized appreciation (depreciation) on the instrument and option contracts written, forward sale commitments and reverse repurchase agreements are shown at value.

There were no significant transfers in or out of level 3 for the period ended May 31, 2025 for any of the Funds.

**(b) Accounting for Derivative Instruments.** Derivative instruments require enhanced disclosures regarding a Fund's credit derivatives holdings, including credit default swaps, credit spread options and hybrid financial instruments containing embedded credit derivatives.

------

All open derivative positions at the period-end for each Fund are disclosed in the Fund's Schedule of Investments.

Certain Funds may use derivative instruments including futures, options, forward foreign currency contracts, swaptions and swap contracts as part of their investment strategies. Following is a description of these derivative instruments, including the primary underlying risk exposures related to each instrument type:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(i) Futures Contracts.** Certain Funds may enter into futures contracts, to the extent permitted by their investment policies and objectives, for bonafide hedging and other permissible risk management purposes including protecting against anticipated changes in the value of securities a Fund intends to purchase. Upon entering into a futures contract, a Fund is required to deposit cash or securities as initial margin, which is included in deposits for collateral with counterparty on the Statements of Assets and Liabilities. Additional securities are also segregated as collateral up to the current market value of the futures contracts. Subsequent payments, known as variation margin, are made or received by the Fund, depending on the fluctuation in the value of the underlying financial instruments and are reported on the Statements of Assets and Liabilities. The Fund recognizes an unrealized gain or loss equal to the variation margin. When futures contracts are closed, a realized gain or loss is recognized which is equal to the difference between the proceeds from (or cost of) the closing transactions and the Fund's basis in the contracts.

The risks associated with entering into futures contracts include the possibility that a change in the value of the contract may not correlate with the changes in the value of the underlying instruments. In addition, investing in futures contracts involves the risk that the Fund could lose more than the original margin deposit due to subsequent payments that may be required for a futures transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ii) Options Written.** Certain Funds may write options to manage exposure to certain changes in the market. When a Fund writes an option, an amount equal to the premium received by the Fund is recorded as a liability, the value of which is marked-to-market daily to reflect the current market value of the option written. If the option expires, the Fund realizes a gain from investments equal to the amount of the premium received. When a written call option is exercised, the premium received is added to the proceeds from the sale of the underlying security in determining whether the Fund has a realized gain or loss. When a written put option is exercised, the amount of the premium received reduces the cost of the security purchased by the Fund.

When writing a covered call option, a Fund may forego the opportunity of profit if the market price of the underlying security increases more than the premium received and the option is exercised. When writing a put option, a Fund may incur a loss if the market price of the underlying security decreases more than the premium received and the option is exercised. In addition, there is the risk that the Fund may not be able to enter into a closing transaction because of an illiquid secondary market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iii) Purchased Options.** Certain Funds may purchase options to manage exposure to certain changes in the market. A Fund will normally purchase call options in anticipation of an increase in the market value of securities of the type in which they may invest, an amount equal to the value is recorded as an asset. The purchase of a call option will entitle a Fund, in return for the premium paid, to purchase specified securities at a specified price during the option period. A Fund will ordinarily realize a gain if, during the option period, the value of such securities exceeded the sum of the exercise price, the premium paid and transaction costs; otherwise, the Fund will realize a loss equal to the amount of the premium paid on the purchase of the call option.

A Fund will normally purchase put options in anticipation of a decline in the market value of securities in its portfolio ("protective puts") or in securities in which it may invest. The purchase of a put option will entitle the Fund, in exchange for the premium paid, to sell specified securities at a specified price during the option period. The purchase of protective puts is designed to offset or hedge against a decline in the market value of the Fund's securities. Put options may also be purchased by a Fund for the purpose of affirmatively benefiting from a decline in the price of securities which it does not own. The Fund will ordinarily realize a gain if, during the option period, the value of the underlying securities decreased below the exercise price sufficiently to more than cover the premium and transaction costs; otherwise the Fund will realize a loss equal to the amount of the premium paid on the purchase of the put option. Gains and losses on the purchase of protective put options would tend to be offset by countervailing changes in the value of the underlying portfolio securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(iv) Inflation-Capped Options.** Certain Funds may write or purchase inflation-capped options to enhance returns or for hedging opportunities. When a Fund writes an inflation-capped option, an amount equal to the premium received is recorded as a liability on the Statements of Assets and Liabilities and subsequently marked to market to reflect the current value of the option written. When a Fund purchases an inflation-capped option, the Fund pays a premium which is recorded as an asset on the Statements of Assets and Liabilities and subsequently marked to market to reflect the current value of the option. The purpose of purchasing inflation-capped options is to protect a Fund from inflation erosion above a certain rate on a given notional exposure. A floor can be used to give downside protection to investments in inflation-linked products.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(v) Forward Foreign Currency Contracts.** Certain Funds may enter into forward foreign currency contracts to hedge against foreign currency exchange rate risk on their non-U.S. dollar denominated securities or to facilitate settlement of foreign currency denominated portfolio transactions. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. The contract is marked-to-market daily and the change in value is recorded by a Fund as an unrealized gain or loss. When a forward foreign currency contract is extinguished, through either delivery or offset by entering into another forward foreign currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was extinguished.

Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Statements of Assets and Liabilities. The Fund bears the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vi) Swaptions.** Swaptions contracts entered into by the Funds typically represent an option that gives the purchaser the right, but not the obligation, to enter into a swap contract on a future date. Certain Funds may purchase swaptions to manage exposure to fluctuations in interest rates and to enhance portfolio yield. Changes in the value of purchased swaptions are reported as net change in unrealized appreciation or depreciation on the Statements of Operations and Changes in Net Assets. Gain or loss is recognized when the swaptions contract expires or is closed as net realized gain or loss on the Statements of Operations and Changes in Net Assets. Details of purchased swaptions contracts held at period-end are included on the Fund's Schedule of Investments under the caption "Purchased Options."

Certain Funds may write swaption contracts to manage exposure to fluctuations in interest rates and to enhance portfolio yield. Swaption contracts written by a Fund represent an option that obligates the writer upon exercise by the purchaser, to enter into a previously agreed upon swap contract on a future date. If a written call swaption is exercised, the writer will enter into a swap and is obligated to pay the fixed rate and receive a floating rate in exchange. If a written put swaption is exercised, the writer will enter a swap and is obligated to pay the floating rate and receive a fixed rate in exchange.

When a Fund writes a swaption, the premium received is recorded as a liability in the Statements of Assets and Liabilities and is subsequently adjusted to the current market value of the swaption. Changes in the value of the swaption are reported as unrealized gains or losses in the Statements of Operations. A gain or loss is recognized when the swaption contract expires or is closed. Premiums received from writing swaptions that expire or are exercised are treated by the Fund as realized gains from investments. The difference between the premium and the amount paid on effecting a closing purchase transaction is also treated as a realized gain or, if the premium received is less than the amount paid for the closing purchase, as a realized loss.

Entering into a swaption contract involves, to varying degrees, the elements of credit, market and interest rate risk, associated with both option contracts and swap contracts. To reduce credit risk from potential counterparty default, a Fund only enters into swaption contracts with counterparties that meet certain standards of creditworthiness. A Fund bears the market risk arising from any change in index values or interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(vii) Swap Contracts.** Swaps involve the exchange by a Fund with another party of the respective amounts payable with respect to a notional principal amount related to one or more indices. Certain Funds may enter into these transactions to preserve a return or spread on a particular investment or portion of its assets, as a duration management technique or to protect against any increase in the price of securities the Fund anticipates purchasing at a later date. Certain Funds may also use these transactions for speculative purposes, such as to obtain the price performance of a security without actually purchasing the security in circumstances where, for example, the subject security is illiquid, is unavailable for direct investment or available only on less attractive terms.

Swaps are marked-to-market daily based upon quotations from market makers and the change, if any, is recorded as change in unrealized appreciation or depreciation in the Statements of Operations. Net receipts or payments of interest are recorded as realized gains or losses, respectively. Gains and losses are realized upon termination of a swap contract. An upfront payment received by the Fund, is recorded as a liability on the Fund's books. An upfront payment made by the Fund is recorded as an asset on the Fund's books. Any upfront payments paid or received upon entering a swap contract to compensate for differences between stated terms of the agreement and prevailing market conditions (e.g. credit spreads, interest rates or other factors) are recorded as a realized gain or loss at the termination of the swap.

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Swaps have risks associated with them, including possible default by the counterparty to the transaction, illiquidity and, where swaps are used as hedges, the risk that the use of a swap could result in losses greater than if the swap had not been employed. This risk is mitigated by the posting of collateral by the counterparty to the Fund to cover the Fund's exposure to the counterparty. Such amounts are reported on the Statements of Assets and Liabilities as deposits with counterparties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(viii) Credit Default Swaps.** Certain Funds may enter into credit default swap contracts for investment purposes, to manage their credit risk or to add leverage. As a seller in a credit default swap contract, a Fund is required to pay the notional or other agreed-upon value to the counterparty in the event of a default by a third party, such as a U.S. or foreign corporate issuer, on the referenced debt obligation. In return, the Fund receives from the counterparty a periodic stream of payments over the term of the contract provided that no event of default has occurred. If no default occurs, the Fund keeps the stream of payments and has no payment obligations. Such periodic payments are accrued daily and accounted for as realized gains.

Certain Funds may also purchase credit default swap contracts in order to hedge against the risk of default by debt securities held in their portfolios. In these cases, a Fund functions as the counterparty referenced in the preceding paragraph. As a purchaser of a credit default swap contract, the Fund receives the notional or other agreed upon value from the counterparty in the event of a default by a third party, such as a U.S. or foreign corporate issuer, on the referenced debt obligation. In return, the Fund makes periodic payments to the counterparty over the term of the contract provided no event of default has occurred. Such periodic payments are accrued daily and accounted for as realized losses.

For a credit default swap sold by a Fund, payment of the agreed upon amount made by the Fund in the event of default of the referenced debt obligation is recorded as the cost of the referenced debt obligation received. For a credit default swap purchased by a Fund, the agreed upon amount received by the Fund in the event of default of the referenced debt obligation is recorded as proceeds from sale/delivery of the referenced debt obligation and the resulting gain or loss realized on the referenced debt obligation is recorded as such by the Fund.

Entering into credit default swaps involves, to varying degrees, elements of credit and market risk in excess of the related amounts recognized on the Statements of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreements, and that there will be unfavorable changes in net interest rates. As privately negotiated transactions, swaps may involve risk, which is the risk that the swap contracts fail to contemplate a particular outcome or that the parties disagree about the proper interpretation of a transaction term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ix) Interest Rate Swaps.** Certain Funds may enter into interest rate swaps for investment purposes to manage exposure to fluctuations in interest rates or to add leverage. Interest rate swaps represent an agreement between two counterparties to exchange cash flows based on the difference in the fixed interest rate and the floating interest rate, applied to the notional principal amount for a specified period. The payment flows are usually netted against each other, with the difference being paid by one party to the other. Once the payments are settled in cash, the net amount is recorded as realized gain or loss from swap contracts on the Statements of Operations. The Funds settle accrued net receivable or payable under the swap contracts on a periodic basis.

The primary risk associated with interest rate swaps is that unfavorable changes in interest rates could adversely impact a Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(x) Centrally Cleared Swaps.** Certain clearinghouses currently offer clearing for limited types of derivatives transactions, principally credit and interest derivatives. In a centrally cleared derivative transaction, a Fund typically enters into the transaction with financial institution counterparty, and performance of the transaction is effectively guaranteed by a central clearinghouse, thereby reducing or eliminating the Fund's exposure to the credit risk of the original counterparty. The Fund typically will be required to post specified levels of margin with the clearinghouse or at the instruction of the clearinghouse. The margin required by a clearinghouse may be greater than the margin the Fund would be required to post in an uncleared derivative transaction. Daily changes in valuation of centrally cleared swaps, if any, are recorded as variation margin receivable or payable on swap contracts for the change in value as appropriate on the Statements of Assets and Liabilities. Only a limited number of derivative transactions are currently eligible for clearing by clearinghouses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(xi) Cross-Currency Swaps.** Certain Funds may enter into cross-currency swaps to gain or mitigate exposure to currency risk. Cross-currency swaps involve two parties exchanging two different currencies with an agreement to reverse the exchange at a later date at specific exchange rates. The exchange of currencies at the inception date of the

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contract takes place at the current spot rate. The re-exchange at maturity may take place at the same exchange rate, a specified rate, or the then current spot rate. Interest payments, if applicable, are made between the parties based on interest rates available in the two currencies at the inception of the contract. The terms of cross-currency swap contracts may extend for many years. Cross-currency swaps are usually negotiated with commercial and investment banks. Some cross-currency swaps may not provide for exchanging principal cash flows, but only for exchanging interest cash flows.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(xii) Volatility Swaps.** A volatility swap is an agreement between counterparties to exchange periodic payments based on the measured volatility of a reference security, index, currency or other reference investment over a specified time frame. One cash flow is typically based on the realized volatility of the reference investment as measured by changes in its price or level over the specified time period while the other cash flow is based on a specified rate representing expected volatility for the reference investment at the time the swap is executed, or the measured volatility of a different reference investment over the specified time period. The appreciation or depreciation on a volatility swap will typically depend on the magnitude of the reference investment's volatility, or size of the movements in its price, over the specified time period, rather than general directional increases or decreases in its price.

Volatility swaps are less standard in structure than other types of swaps and provide pure, or isolated, exposure to volatility risk of the specific underlying reference investment. Volatility swaps are typically used to speculate on future volatility levels, to trade the spread between realized and expected volatility, or to decrease the volatility exposure of investments held by the Fund.

Variance swaps are a type of volatility swap where counterparties agree to exchange periodic payments based on the measured variance (or the volatility squared) of a reference security, index, or other reference investment over a specified time period. At payment date, a net cash flow will be exchanged based on the difference between the realized variance of the reference investment over the specified time period and the specified rate representing expected variance for the reference investment at the time the swap is executed multiplied by the notional amount of the contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(xiii) Inflation Rate Swaps.** The Fund may enter into inflation rate swap contracts to attempt to hedge against inflation. Pursuant to the inflation rate swap agreement, the Fund negotiates with a counterparty to exchange a periodic stream of payments, based on a benchmark inflation index. One cash flow stream will typically be a floating rate payment linked to the specified inflation index while the other is typically a fixed interest rate.

Inflation rate swaps are normally issued on a zero coupon basis where all payments compound during the life of the contract and are netted upon the termination or maturity of the contract. Final payments received or paid by the Fund are recorded as realized gains or losses in the Statements of Operations. Inflation rate swap contracts are subject to movements in interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(xiv) Total Return Swaps.** The Fund may enter into total return swap contracts to gain exposure and benefit from a reference asset (single asset, or a basket of assets) without actually having to own it. Total return swap contracts are agreements where the total return of a reference asset is paid in exchange for periodic cash flows. The deal is structured such that the total return (asset income plus capital appreciation/depreciation) is exchanged, in the cash flows. Periodic payments received or made by the Fund are recorded as realized gains or losses in the Statements of Operations.

**(c) Repurchase Agreements**. When entering into repurchase agreements, it is the Funds' policy that their custodian or a third party custodian takes possession of the underlying collateral securities, the market value of which at least equals the principal amount of the repurchase transaction, including accrued interest. To the extent that any repurchase transaction exceeds one business day, the value of the collateral is marked-to-market daily to ensure the adequacy of the collateral. If the seller defaults and the market value of the collateral declines or if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Funds may be delayed or limited.

**(d) Stripped Securities**. Certain Funds may invest in "Stripped Securities", a term used collectively for stripped fixed income securities. Stripped Securities can be principal-only securities ("PO"), which are debt obligations that have been stripped of interest coupons, or interest-only securities ("IO"), which are interest coupons that have been stripped from debt obligations. As is the case with all securities, the market value of Stripped Securities will fluctuate in response to changes in economic conditions, interest rates and the market's perception of the securities. However, fluctuations in response to interest rates may be greater in Stripped Securities than for debt obligations of comparable maturities that pay interest currently. The amount of fluctuation increases with a longer period of maturity. The yield-to-maturity on an IO is sensitive to the rate of principal repayments (including prepayments) on the related underlying debt obligation and principal payments may have a material effect on yield to maturity. If the underlying debt obligation experiences greater than anticipated prepayments of principal, the Fund may not fully recoup its initial investment in the IO.

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**(e) Time Deposits**. Certain Funds may purchase overnight time deposits issued by offshore branches of U.S. banks that meet credit and risk standards established by the custodian and approved by the Board.

**(f) Lending of Portfolio Securities.** The Trust has an agreement with its custodian, whereby the custodian, as agent, may lend securities owned by the Funds to brokers, dealers and other financial organizations that have been approved as borrowers by the Funds. The custodian enters into agreements with the borrowers. Loans of securities by a Fund are collateralized by cash, U.S. government securities or irrevocable performance letters of credit issued by banks approved by the Funds. All non-cash collateral is received, held and administered by the custodian in an applicable custody account or other account established for the purpose of holding collateral for each Fund. Cash collateral received by the Funds as a result of securities lending activities is invested in an unaffiliated registered money market fund, and is recorded as Payable for collateral received from securities on loan within the Statements of Assets and Liabilities. Securities lending income represents the income earned on investing cash collateral plus any premium payments that may be received on the loan of certain types of securities, less fees and expenses associated with the loan. Each Fund maintains the risk of any market loss on its securities on loan as well as the potential loss on investments purchased with cash collateral received from its securities lending. The custodian has the right under its agreement with the borrowers to recover any loaned securities from the borrower on demand. Additionally, the Funds are exposed to risks that a borrower may not provide additional collateral when required or return loaned securities when due. If the borrower fails to return the securities, the custodian will use the collateral to purchase replacement securities. The custodian is responsible for any shortfall in collateral value under certain circumstances.

At May 31, 2025, the aggregate market value of the loaned securities and the value of the collateral each fund received were as follows:

**<u>Gross Amounts Not Offset in the Statements of Assets and Liabilities</u>**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Gross Asset Amount<br>Presented in the Statements<br>of Assets and Liabilities (a)** | **Financial<br>Instrument** | **Collateral<br>Received (b)(c)** | **Net Amount<br>(Not Less than $0)** |
|  Morgan Stanley Pathway Large Cap Equity ETF | $7472071 | $— | $(7472071) | $0 |
|  Morgan Stanley Pathway Small-Mid Cap Equity ETF | &nbsp;&nbsp;&nbsp;&nbsp;5858427 |  | &nbsp;&nbsp;&nbsp;&nbsp;(5858427) | 0 |
|  International Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;7907341 |  | &nbsp;&nbsp;&nbsp;&nbsp;(7907341) | 0 |
|  Emerging Markets Equity Fund | &nbsp;&nbsp;&nbsp;&nbsp;1533995 |  | &nbsp;&nbsp;&nbsp;&nbsp;(1533995) | 0 |

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(a) Represents market value of securities on loan at period end.

(b) The Funds received cash collateral of $7,708,147, $6,093,217, $4,914,925 and $513,813, respectively, which was
subsequently invested in Invesco STIT - Government & Agency Portfolio as reported in the Schedules of Investments. In addition, the Funds received non-cash collateral of $0, $0, $3,233,481 and $1,058,250, respectively, in the form of U.S.
Government Obligations, which the Funds cannot sell or repledge, and accordingly are not reflected in the Schedules of Investments.

(c) The actual collateral received could be greater than the amount shown here due to overcollateralization.

**(g) To-Be-Announced Purchase and Sale Commitments.** Certain Funds may trade securities on a to-be-announced ("TBA") basis. In a TBA transaction, a Fund commits to purchasing or selling securities which have not yet been issued by the issuer and for which specific information is not known, such as the face amount and maturity date and the underlying pool of investments in U.S. government agency mortgage pass-through transactions. Securities purchased on a TBA basis are not settled until they are delivered to the Fund, normally 15 to 45 days later. Beginning on the date the Fund enters into a TBA transaction, cash, U.S. government securities or other liquid high-grade debt obligations are segregated in an amount equal in value to the purchase price of the TBA security. These transactions are marked-to-market on a daily basis and are subject to market fluctuations. Realized gains or losses on TBA purchase commitments are included in Net realized gain (loss) on investments on the Statements of Operations. Any fluctuation in the value of the purchased TBA commitments is included in Net change in unrealized appreciation (depreciation) on investments on the Statements of Operations.

Additionally, when a Fund sells TBA securities without already owning or having the right to obtain the deliverable securities (an uncovered forward commitment to sell), it incurs a risk of loss because it could have to purchase the securities at a price that is higher than the price at which it sold them. A Fund may be unable to purchase the deliverable securities if the corresponding market is illiquid.

TBA securities subject to a forward commitment to sell at period end are included at the end of the Fund's Schedule of Investments under the caption "Schedule of Forward Sale Commitments." The proceeds and value of these commitments are recorded as Forward Sale Commitments, at value in the Statements of Assets and Liabilities.

**(h) Short Sales of Securities**. A short sale is a transaction in which a Fund sells securities it does not own in anticipation of a decline in the market price of the securities. To complete a short sale, the Fund may arrange through a broker to borrow the securities to be delivered to the buyer. The proceeds received by the Fund for the short sale are retained by the broker until the Fund replaces the borrowed securities. In borrowing the securities to be delivered to the buyer, the Fund becomes obligated to replace the securities borrowed at their market price at the time of replacement, whatever that price may be.

The risk of engaging in short sale transactions is that selling short magnifies the potential for loss to a Fund. The larger the Fund's short position, the greater the potential loss. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss. To borrow the security, the Fund also may be required to pay a premium, which could decrease the proceeds of the security sold short. The amount of any gain will be decreased, and the amount of any loss increased, by the amount of the premium, dividends, interest or expenses the Fund may be required to pay in connection with the short sale. In addition, because the Fund's loss on a short sale arises from increases in the value of the security sold short, such loss is unlimited.

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**(i) Mortgage Dollar Rolls**. Certain Funds may sell mortgage-backed securities for delivery in the current month and simultaneously contract to repurchase substantially similar (same type, coupon and maturity) securities to settle on a specific future date at an agreed upon price. Pools of mortgage securities are used to collateralize mortgage dollar roll transactions and may have different prepayment histories than those sold. During the period between the sale and the repurchase, a Fund forgoes principal and interest paid on the securities sold. Proceeds of the sale will be invested in short-term instruments and the income from these investments, together with any additional fee income received on a sale, is intended to generate income for a Fund. A Fund accounts for mortgage dollar roll transactions as purchases and sales and realizes the gain or loss at the time the transaction is entered into on these transactions. If certain criteria are met, these dollar roll transactions may be considered financing transactions, whereby the difference in the sale price and the future purchase price is recorded as an adjustment to interest income.

Mortgage dollar roll transactions involve the risk that the market value of the securities a Fund is obligated to repurchase under the agreement may decline below the repurchase price of those securities. If investment performance of securities purchased with proceeds from these transactions does not exceed the income, capital appreciation and gain or loss that would have been realized on the securities sold as part of the dollar roll, the use of this technique will adversely impact the investment performance of a Fund. In the event the buyer of securities under a mortgage dollar roll files for bankruptcy or becomes insolvent, the Fund's use of proceeds of the dollar roll may be restricted pending a determination by the other party, or its trustee or receiver, whether to enforce the Fund's obligation to repurchase the securities.

**(j) Credit and Market Risk**. Certain Funds invest in high yield instruments that are subject to certain credit and market risks. The yields of high yield obligations reflect, among other things, perceived credit and market risks. Each Fund's investment in securities rated below investment grade typically involve risks not associated with higher rated securities, including, among others, greater risk related to timely and ultimate payment of interest and principal, greater market price volatility and less liquid secondary market trading.

**(k) Foreign Investment and Currency Risks**. Certain Funds' investments in foreign securities may involve risks not present in domestic investments. Because securities may be denominated in foreign currencies and may require settlement in foreign currencies and pay interest or dividends in foreign currencies, changes in the relationship of these foreign currencies to the U.S. dollar can significantly affect the value of the investments and earnings of a Fund. Foreign investments may also subject the Fund to foreign government exchange restrictions, expropriation, taxation or other political, social or economic developments, all of which affect the market and/or credit risk of the investments.

**(l) Emerging Markets Risk**. In addition to foreign investment and currency risks, which tend to be amplified in emerging markets, emerging markets may experience rising interest rates, or, more significantly, rapid inflation or hyperinflation. The economies of emerging market countries may grow at slower rates than expected or suffer a downturn or recession. Emerging market securities may present market, credit, liquidity, legal, political and other risks different from, or greater than, the risks of investing in developed foreign countries.

**(m) Volatility Risk.** Volatility risk refers to the magnitude of the movement, but not the direction of the movement, in a financial instrument's price over a defined time period. Large increases or decreases in a financial instrument's price over a relative time period typically indicate greater volatility risk, while small increases or decreases in its price typically indicate lower volatility risk.

**(n) Market Risk.** The value of an investment in the Fund is based on the values of the Fund's investments, which change due to economic and other events that affect the U.S. and global markets generally, as well as those that affect or are perceived or expected to affect particular regions, countries, industries, companies, issuers, sectors, asset classes or governments. The risks associated with these developments may be magnified if certain social, political, economic and other conditions and events adversely interrupt or otherwise affect the global economy and financial markets. Securities in the Fund's portfolio may underperform or otherwise be adversely affected due to inflation (or expectations for inflation), deflation (or expectations for deflation), interest rates (or changes in interest rates), global demand for particular products or resources, market or financial system instability or uncertainty, embargoes, tariffs, sanctions and other trade barriers, natural disasters and extreme weather events, health emergencies (such as epidemics and pandemics), terrorism, regulatory events and governmental or quasi- governmental actions. The occurrence of global events, such as terrorist attacks, natural disasters, health emergencies, social and political (including geopolitical) discord and tensions or debt crises and downgrades, among others, may result in increased market volatility and may have long term effects on both the U.S. and global financial markets. The occurrence of such events may be sudden and unexpected, and it is difficult to predict when similar events affecting the U.S. or global financial markets or economies may occur, the effects that such events may have and the duration of those effects (which may last for extended periods). Any such

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event(s) could have a significant adverse impact on the value, liquidity and risk profile of the Fund's portfolio, as well as its ability to sell securities and/or meet redemptions. Any such event(s) or similar types of factors and developments, may also adversely affect the financial performance of the Fund's investments (and, in turn, the Fund's investment results) and/or negatively impact broad segments of businesses and populations and have a significant and rapid negative impact on the performance of the Fund's investments, and exacerbate preexisting risks to the Fund. In addition, no active trading market may exist for certain investments held by the Fund, which may impair the ability of the Fund to sell or to realize the current valuation of such investments in the event of the need to liquidate such assets.

**(o) Security Transactions and Investment Income**. Security transactions are accounted for on a trade date basis. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as practical after a Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Non-cash dividends received in the form of stock, if any, are recognized on the ex-dividend date and recorded as income from non-cash dividends at fair value. Interest and dividend income payable by delivery of additional shares is reclassified as PIK (payment-in-kind) income upon receipt, if any, and is included in interest and dividend income, respectively. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults on an expected interest payment, the Trust's policy is to generally halt any additional "interest income accruals and accretion" and consider the Fund's ability to realize interest accrued up to the date of default.

**(p) Foreign Currency Translation**. Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.

The Funds do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments in the Statements of Operations.

Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the Funds' books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities, at the date of valuation, resulting from changes in exchange rates.

Foreign security and currency transactions may involve certain considerations and risks not typically associated with those of U.S. dollar denominated transactions as a result of, among other factors, the possibility of lower levels of governmental supervision and regulation of foreign securities markets and the possibility of political or economic instability.

**(q) Distributions to Shareholders**. Distributions from net investment income for Morgan Stanley Pathway Large Cap Equity ETF, Morgan Stanley Pathway Small-Mid Cap Equity ETF, International Equity Fund, Emerging Markets Equity Fund, International Fixed Income Fund and Alternative Strategies Fund, if any, are declared and paid on an annual basis. Distributions from net investment income for Core Fixed Income Fund, High Yield Fund, Municipal Bond Fund, Inflation-Linked Fixed Income Fund and Ultra-Short Term Fixed Income Fund, if any, are declared and paid on a monthly basis.

The Funds intend to satisfy conditions that will enable interest from municipal securities, which are exempt from regular federal income tax and from designated state income taxes, to retain such tax-exempt status when distributed to the shareholders of the Funds. Distributions of net realized gains to shareholders of the Funds, if any, are taxable and are declared at least annually. Distributions to shareholders of the Funds are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.

**(r) Federal and Other Taxes**. It is the Trust's policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies. Accordingly, each Fund intends to distribute substantially all of its income and net realized gains on investments, if any, to shareholders each year. Therefore, no federal income tax provision is required in the Funds' financial statements. Under the applicable foreign tax laws, a withholding tax may be imposed on interest, dividends and capital gains at various rates.

Management has reviewed the tax positions and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years or expected to be taken in 2023 tax returns. Each Fund's federal tax returns for the prior four fiscal years remain subject to examination by the Internal Revenue Service.

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**(s) Reclassification**. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset values per share.

**(t) Restricted Securities**. All Funds may invest in non-publicly traded securities, commonly called restricted securities. Restricted securities may be less liquid than publicly-traded securities. Although certain restricted securities may be resold in privately negotiated transactions, the values realized from these sales could be less than originally paid by a Fund. Certain restricted securities may be deemed liquid by the Manager and/or Sub-adviser pursuant to the procedures approved by the Board. The value of restricted securities is determined as described in Note 1(a).

**(u) Reverse Repurchase Agreements**. Certain Funds may each enter into reverse repurchase agreements with the financial institutions with which it may enter into repurchase agreements. Under a reverse repurchase agreement, a Fund sells securities to a financial institution and agrees to repurchase them at a mutually agreed upon date, price and rate of interest. During the period between the sale and repurchase, the Fund would not be entitled to principal and interest paid on the securities sold by the Fund. The Fund, however, would seek to achieve gains derived from the difference between the current sale price and the forward price for the future purchase as well as the interest earned on the proceeds on the initial sale. Reverse repurchase agreements involve the risk that the market value of the securities purchased with the proceeds from the sale of the securities received by the Fund may decline below the price of the securities the Fund is obligated to repurchase. Reverse repurchase agreements also involve credit risk with the counterparty to the extent that the value of securities subject to repurchase exceed the Fund's liability under the reverse repurchase agreement. Reverse repurchase agreements will be viewed as borrowings by a Fund for the purpose of calculating the Fund's indebtedness and will have the effect of leveraging the Fund's assets.

**(v) Indemnification**. The Funds enter into contracts that contain a variety of indemnification clauses. The Funds' maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Funds' that have not yet occurred.

**(w) Senior Floating-Rate Loans.** Interests in senior floating-rate loans ("Senior Loans") for which reliable market quotations are readily available are valued generally at the average mean of bid and ask quotations obtained from a third party pricing service. Other Senior Loans are valued at fair value by the investment adviser under procedures approved by the Trustees. In fair valuing a Senior Loan, the investment adviser utilizes one or more of the valuation techniques described in (i) through (iii) below to assess the likelihood that the borrower will make a full repayment of the loan underlying such Senior Loan relative to yields on other Senior Loans issued by companies of comparable credit quality. If the investment adviser believes that there is a reasonable likelihood of full repayment, the investment adviser will determine fair value using a matrix pricing approach that considers the yield on the Senior Loan. If the investment adviser believes there is not a reasonable likelihood of full repayment, the investment adviser will determine fair value using analyses that include, but are not limited to: (i) a comparison of the value of the borrower's outstanding equity and debt to that of comparable public companies; (ii) a discounted cash flow analysis; or (iii) when the investment adviser believes it is likely that a borrower will be liquidated or sold, an analysis of the terms of such liquidation or sale. In certain cases, the investment adviser will use a combination of analytical methods to determine fair value, such as when only a portion of a borrower's assets are likely to be sold. In conducting its assessment and analyses for purposes of determining fair value of a Senior Loan, the investment adviser will use its discretion and judgment in considering and appraising relevant factors. Fair value determinations are made by the portfolio managers of the Funds based on information available to such managers. The portfolio managers of other Funds managed by the investment adviser that invest in Senior Loans may not possess the same information about a Senior Loan borrower as the portfolio managers of the Funds. At times, the fair value of a Senior Loan determined by the portfolio managers of other Funds managed by the investment adviser that invest in Senior Loans may vary from the fair value of the same Senior Loan determined by the portfolio managers of the Funds. The fair value of each Senior Loan is periodically reviewed and approved by the investment adviser's Valuation Committee and by the Trustees based upon procedures approved by the Trustees. Junior Loans (i.e., subordinated loans and second lien loans) are valued in the same manner as Senior Loans.

In connection with bank loan interests, the Funds may enter into unfunded bank loan interests ("commitments"). Unfunded loan commitments may be partially or wholly unfunded. The Funds are obligated to fund those commitments at the borrower's discretion. In connection with these commitments, the Funds earns a commitment fee, which is included in interest income in the Statements of Operations and recognized respectively over the commitment period.

There were no fully/partially unfunded loan positions as of May 31, 2025.

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**(x) Sale-Buyback and Buy-Saleback Transactions.** A sale-buyback financing transaction consists of a sale of a security by a Fund to a counterparty, with a simultaneous agreement to repurchase the same or substantially the same security at an agreed-upon price and date. The Fund will segregate assets determined to be liquid by the Sub-adviser or will otherwise cover its obligations under sale-buyback transactions.

During the period ended May 31, 2025, the Inflation-Linked Fixed Income Fund participated in sale-buyback transactions.

A buy-saleback lending transaction consists of a purchase of a security by a Fund from a counterparty, with a simultaneous agreement to sell the same or substantially the same security at an agreed-upon price and date. The party who sold the security is not entitled to receive principal and interest payments, if any, made on the security during the term of the agreement. The Fund will segregate assets determined to be liquid by the Sub-adviser or will otherwise cover its obligations under buy-saleback transactions.

During the period ended May 31, 2025, the Funds did not participate in buy-saleback transactions.

Sale-buyback and buy-saleback transactions are governed by Master Securities Forward Transaction Agreements ("Master Forward Agreements"), which are agreements between each Fund and select counterparties. The Master Forward Agreements maintain provisions for, among other things, transaction initiation and confirmation, payment and transfer, events of default, termination and maintenance of collateral. The market value of any pending sale-buyback and buy-saleback transactions as of period end is disclosed in each Fund's Schedule of Investments.

**(y) Disclosure about Offsetting Assets and Liabilities.** In order to better define contractual rights under derivative contracts and to secure rights that will help the Funds mitigate their counterparty risk, a Sub-adviser may, on behalf of the Funds, enter into an International Swaps and Derivatives Association, Inc. Master Agreement ("ISDA Master Agreement") or similar agreement with its derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between the Funds and a counterparty that governs OTC derivatives and foreign exchange contracts and typically contains, among other things, collateral posting terms and netting provisions in the event of a default and/or termination event. The ISDA Master Agreement gives a Fund the right, upon an event of default by the applicable counterparty or a termination of the agreement, to close out all transactions traded under such agreement and to net amounts owed under each transaction to one net amount payable by one party to the other. Absent an event of default by the counterparty or a termination of the agreement, the ISDA Master Agreement does not result in an offset of reported amounts of assets and liabilities in the Statements of Assets and Liabilities across the transactions between the Funds and the applicable counterparty. The right to offset and net payments across all transactions traded under the ISDA Master Agreement could result in a reduction of the Funds' credit risk to such counterparty equal to any amounts payable by the Funds under the applicable transactions, if any. The enforceability of the right to offset may vary by jurisdiction.

Cash collateral that has been received or pledged to cover obligations under derivative contracts, if any, will be reported separately in the Statements of Assets and Liabilities. Generally, the amount of collateral due from or to a counterparty is subject to a minimum transfer threshold amount before a transfer is required, which may vary by counterparty. Collateral pledged for the benefit of the Fund and/or counterparty is held in segregated accounts by the Fund's custodian and cannot be sold, re-pledged, assigned or otherwise used while pledged. The portion of such collateral representing cash, if any, is reflected as deposits with counterparties and, in the case of cash pledged by counterparty for the benefit of the Fund, a corresponding liability in the Statements of Assets and Liabilities. Securities pledged by the Fund as collateral, if any, are identified as such in the Schedules of Investments. The carrying amount of such deposits due to brokers at May 31, 2025 approximated their fair value. If measured at fair value, such deposits would have been considered as Level 2 in the fair value hierarchy (see Note 1(a)).

Repurchase agreements and reverse repurchase agreements may be entered into by the Funds under Master Repurchase Agreements ("MRA") which permit a Fund, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from a Fund. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the MRA counterparty's bankruptcy or insolvency. The Fund's repurchase agreements as of May 31, 2025 are shown on a gross basis and the required offsetting disclosures are shown in the Schedules of Investments. The value of the related collateral exceeded the value of the repurchase agreements as of May 31, 2025.

For financial reporting purposes, the Funds do not offset financial assets and financial liabilities that are subject to master netting arrangements or similar agreements on the Statements of Assets and Liabilities.

------

**(z) When-Issued and Delayed Delivery Securities and Forward Commitments.** Each Fund may purchase securities, including U.S. government securities, on a when-issued basis or may purchase or sell securities for delayed delivery. In such transactions, delivery of the securities occurs beyond the normal settlement period, but no payment or delivery is made by a Fund prior to the actual delivery or payment by the other party to the transaction. The purchase of securities on a when-issued or delayed delivery basis involves the risk that the value of the securities purchased will decline prior to the settlement date. The sale of securities for delayed delivery involves the risk that the prices available in the market on the delivery date may be greater than those obtained in the sale transaction. Each Fund will make securities available for collateral in an amount equal in value to commitments to purchase securities on a when-issued, delayed delivery or forward commitment basis.

**(aa) Segment Reporting.** During the reporting period, the Trust adopted FASB Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, (ASU 2023-07), which requires incremental disclosures related to a public entity's reportable segments. Each Fund operates as a single reportable segment, an investment company whose investment objectives are included in Note 1. In connection with the adoption of ASU 2023-07, the Trust's Chief Operating Officer acts as the Trust's Chief Operating Decision Maker (CODM), who is responsible for assessing the performance of each Fund's single segment and deciding how to allocate the segment's resources. To perform this function, the CODM reviews the information in each Fund's financial statements.

**2. Investments** 

The aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes at May 31, 2025 have been disclosed under respective Schedules of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MORGAN STANLEY PATHWAY FUNDS

- **b. Investment Company Act file number:** 811-06318

- **c. CIK number of Registrant:** 0000875186

- **d. LEI of Registrant:** 549300P3RUTI9W6SLI87

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

  - **Street Address 1:** 2000 Westchester Avenue

  - **City:** Purchase

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10577

  - **Telephone number:** 888-454-3965

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

- **a. Name of Series:** Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000008436

- **c. LEI of Series:** 549300R7GIF8V7E8B873

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

- **a. Date of fiscal year-end:** 2025-08-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $589734610.27

**Total Liabilities:** $6305542.37

**Net Assets:** $583429067.90

**Cash Not Reported:** $12934752.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023144 | 0.95%                | 1.38%                | 3.93%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1140523.29             | $5832717.88                                |
| Month 2  | $-8097080.37             | $14325346.16                               |
| Month 3  | $185170.46               | $20866511.82                               |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WINGTECH TECHNOLOGY CO L /CNH/                           | WINGTECH TECHNOLOGY CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y3745E106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1600 | NS      | $7541.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SRF LTD /INR/                                            | SRF LTD /INR/ 0.00000000                                                                  | CUSIP: Y8133G134<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      3892 | NS      | $130135.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI FOSUN PHARMACEU /CNH/                           | SHANGHAI FOSUN PHARMACEUTI-A   /CNH/ 0.00000000                                           | CUSIP: Y7682D104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4000 | NS      | $14046.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YAGEO CORPORATION /TWD/                                  | YAGEO CORPORATION /TWD/ 0.00000000                                                        | CUSIP: Y9723R100<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |     72357 | NS      | $1168952.87   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| POP MART INTERNATIONAL G /HKD/                           | POP MART INTERNATIONAL GROUP /HKD/ 144A 0.00000000                                        | CUSIP: G7170M103<br>LEI: 9845000A05E8F937E337 | Long             | EC               | CORP              | CN        |     15600 | NS      | $435830.65    | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHINA NATIONAL SOFTWARE  /CNY/                           | CHINA NATIONAL SOFTWARE -A /CNY/ 0.00000000                                               | CUSIP: Y1503P107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2470 | NS      | $15057.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PEGATRON CORP /TWD/                                      | PEGATRON CORP /TWD/ 0.00000000                                                            | CUSIP: Y6784J100<br>LEI: 529900M87JQS8TUO0L66 | Long             | EC               | CORP              | TW        |     59000 | NS      | $163965.27    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MANKIND PHARMA LTD /INR/                                 | MANKIND PHARMA LTD /INR/ 0.00000000                                                       | CUSIP: Y57688114<br>LEI: 33580067G8AZ7S8NYA02 | Long             | EC               | CORP              | IN        |      3608 | NS      | $103969.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER GRID CORP OF INDIA /INR                            | POWER GRID CORP OF INDIA /INR 0.00000000                                                  | CUSIP: Y7028N105<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |    134393 | NS      | $455403.54    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCKCHIP ELECTRONICS CO  /CNH/                           | ROCKCHIP ELECTRONICS CO L-A /CNH/ 0.00000000                                              | CUSIP: Y267F4103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1100 | NS      | $21939.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WOORI FINANCIAL GROUP IN /KRW/                           | WOORI FINANCIAL GROUP INC /KRW/ 0.00000000                                                | CUSIP: Y972JZ105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     18929 | NS      | $264052.56    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASELSAN ELEKTRONIK SANAY /TRY/                           | ASELSAN ELEKTRONIK SANAYI /TRY/ 0.00000000                                                | CUSIP: M1501H100<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |     39612 | NS      | $131196.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CNPC CAPITAL CO LTD-A /CNH/                              | CNPC CAPITAL CO LTD-A /CNH/ 0.00000000                                                    | CUSIP: Y4444L102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16100 | NS      | $15113.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FF GROUP /EUR/                                           | FOLLII FOLLIE GROUP /EUR/ 0.00000000                                                      | CUSIP: X1890Z115<br>LEI: 213800ZMDLVEKZIKFX90 | Long             | EC               | CORP              | GR        |      1594 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| XINYI SOLAR HOLDINGS LTD /HKD/                           | XINYI SOLAR HOLDINGS LTD /HKD/ 0.00000000                                                 | CUSIP: G9829N102<br>LEI: 529900QF7VIH03SB7Q08 | Long             | EC               | CORP              | CN        |    112000 | NS      | $33858.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA YANGTZE POWER CO L /CNH/                           | CHINA YANGTZE POWER CO LTD-A   /CNH/ 0.00000000                                           | CUSIP: Y1516Q100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     41900 | NS      | $175596.84    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MTR CO NEW PRF /KRW/                             | HYUNDAI MOTOR CO LTD NEW PRF  SHS ISSUED 1999 /KRW/ 0.00000000                            | CUSIP: Y38472224<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |       940 | NS      | $100517.24    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EMIRATES NBD PJSC /AED/                                  | EMIRATES NBD PJSC /AED/ 0.00000000                                                        | CUSIP: M4029Z107<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     52786 | NS      | $321550.48    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| EMEMORY TECHNOLOGY INC /TWD/                             | EMEMORY TECHNOLOGY INC /TWD/ 0.00000000                                                   | CUSIP: Y2289B114<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $158672.54    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DIGI.COM BHD /MYR/                                       | DIGI.COM BHD /MYR/ 0.00000000                                                             | CUSIP: Y2070F100<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    114300 | NS      | $99754.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AUO CORPORATION /TWD/                                    | AUO CORPORATION /TWD/ 0.00000000                                                          | CUSIP: Y0453H107<br>LEI: 391200L7PIS4QXYJUQ72 | Long             | EC               | CORP              | TW        |    163800 | NS      | $69560.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG HEAVY INDUSTRIES /KRW/                           | SAMSUNG HEAVY INDUSTRIES /KRW/ 0.00000000                                                 | CUSIP: Y7474M106<br>LEI: 988400OSK0T9LDTWNC20 | Long             | EC               | CORP              | KR        |     17567 | NS      | $214055.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| INTL CONTAINER TERM SVCS /PHP/                           | INTL CONTAINER TERM SVCS INC /PHP/ 0.00000000                                             | CUSIP: Y41157101<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    382760 | NS      | $2823305.84   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZANO SA /BRL/                                          | SUZANO SA /BRL/ 0.00000000                                                                | CUSIP: P8T20U187<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |     42725 | NS      | $370959.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| METLEN ENERGY & METALS S /EUR/                           | METLEN ENERGY & METALS SA /EUR/ 0.00000000                                                | CUSIP: X56014131<br>LEI: 213800KT8MEUJEJ2KW41 | Long             | EC               | CORP              | GR        |     16455 | NS      | $836060.88    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HUAGONG TECH CO LTD-A /CNH/                              | HUAGONG TECH CO LTD-A /CNH/ 0.00000000                                                    | CUSIP: Y3740C105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3500 | NS      | $20480.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G CORP /KRW/                                          | KT&G CORP /KRW/ 0.00000000                                                                | CUSIP: Y49904108<br>LEI: 988400ZJV6ISYBLQX875 | Long             | EC               | CORP              | KR        |     10645 | NS      | $923317.72    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERBRIGHT SECURITIE CO  /CNH/                           | EVERBRIGHT SECURITIE CO -A     /CNH/ 0.00000000                                           | CUSIP: Y2357S106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7300 | NS      | $16489.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA FEIHE LTD /HKD/                                    | CHINA FEIHE LTD /HKD/ 144A 0.00000000                                                     | CUSIP: G2121Q105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     92000 | NS      | $71227.13     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SAUDI TADAWUL GROUP HOLD /SAR/                           | SAUDI TADAWUL GROUP HOLDING /SAR/ 0.00000000                                              | CUSIP: M82598109<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |      1501 | NS      | $70184.11     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REMGRO LTD /ZAR/                                         | REMGRO LTD /ZAR/ 0.00000000                                                               | CUSIP: S6873K106<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     14376 | NS      | $127913.66    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW ENERGY LTD /INR/                                     | JSW ENERGY LTD /INR/ 0.00000000                                                           | CUSIP: Y44677105<br>LEI: 3358001ZFBW2VIMBMI85 | Long             | EC               | CORP              | IN        |     12171 | NS      | $69547.10     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHOU INTERNATIONAL G /HKD/                           | SHENZHOU INTERNATIONAL GROUP /HKD/ 0.00000000                                             | CUSIP: G8087W101<br>LEI: 529900B4W41TCUKJFM73 | Long             | EC               | CORP              | CN        |     24200 | NS      | $176440.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW CHINA LIFE INSURANCE /CNH/                           | NEW CHINA LIFE INSURANCE C-A /CNH/ 0.00000000                                             | CUSIP: Y625A4107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5400 | NS      | $37621.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EOPTOLINK TECHNOLOGY INC /CNH/                           | EOPTOLINK TECHNOLOGY INC L-A /CNH/ 0.00000000                                             | CUSIP: Y2303H105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2800 | NS      | $34200.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMERCIAL INTL BANK-GDR REG                             | COMMERCIAL INTL BANK-GDR REG REG S 0.00000000                                             | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    654972 | NS      | $1048141.87   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA /EUR/                                           | JUMBO SA /EUR/ 0.00000000                                                                 | CUSIP: X4114P111<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |      3520 | NS      | $114460.94    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHONGQING ZHIFEI BIOLOGI /CNH/                           | CHONGQING ZHIFEI BIOLOGI /CNH/ 0.00000000                                                 | CUSIP: Y1601T100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3000 | NS      | $7973.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA SPORTS PRODUCTS LTD /HKD/                           | ANTA SPORTS PRODUCTS LTD /HKD/ 0.00000000                                                 | CUSIP: G04011105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     75800 | NS      | $916997.51    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| OOREDOO QPSC /QAR/                                       | OOREDOO QPSC /QAR/ 0.00000000                                                             | CUSIP: M8180V102<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     19838 | NS      | $67131.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HYGON INFORMATION TECHNO /CNH/                           | HYGON INFORMATION TECHNOLO A /CNH/ 0.00000000                                             | CUSIP: Y3813J102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4476 | NS      | $83707.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GCL POLY ENERGY HOLDINGS /HKD/                           | GCL POLY ENERGY HOLDINGS /HKD/ 0.00000000                                                 | CUSIP: G3774X108<br>LEI: 529900O1QCZWP5IWVY66 | Long             | EC               | CORP              | HK        |    707000 | NS      | $73955.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS LTD /INR/                                        | SIEMENS LTD /INR/ 0.00000000                                                              | CUSIP: Y7934G137<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      2571 | NS      | $97937.36     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL OIL C /AED/                           | ABU DHABI NATIONAL OIL CO FO /AED/ 0.00000000                                             | CUSIP: M0153H103<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     82690 | NS      | $81859.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER BANK POLSKA SA /PLN/                           | SANTANDER BANK POLSKA SA /PLN/ 0.00000000                                                 | CUSIP: X0646L107<br>LEI: N/A                  | Long             | EC               | CORP              | PL        |      1070 | NS      | $143246.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KOTAK MAHINDRA BANK LTD /INR/                            | KOTAK MAHINDRA BANK LTD /INR/ 0.00000000                                                  | CUSIP: Y4964H150<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |    153184 | NS      | $3721630.47   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI INVESTMENT BANK/TH /SAR/                           | SAUDI INVESTMENT BANK/THE /SAR/ 0.00000000                                                | CUSIP: M8236J111<br>LEI: 558600V3J4M5TUY9HR70 | Long             | EC               | CORP              | SA        |     18780 | NS      | $74033.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPRITE HOLDINGS LTD /ZAR/                              | SHOPRITE HOLDINGS LTD /ZAR/ 0.00000000                                                    | CUSIP: S76263102<br>LEI: 529900Q4O1EYP6NH5150 | Long             | EC               | CORP              | ZA        |     15414 | NS      | $251019.93    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHANDRA ASRI PACIFIC TBK /IDR/                           | CHANDRA ASRI PACIFIC TBK PT /IDR/ 0.00000000                                              | CUSIP: Y1292Y103<br>LEI: 254900146Z996100HK31 | Long             | EC               | CORP              | ID        |    177900 | NS      | $101866.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WUXI BIOLOGICS CAYMAN IN /HKD/                           | WUXI BIOLOGICS CAYMAN INC /HKD/ 144A 0.00000000                                           | CUSIP: G97008117<br>LEI: 5493001TD2TH6VDTJU11 | Long             | EC               | CORP              | CN        |     98000 | NS      | $309336.07    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHOW TAI FOOK JEWELLERY  /HKD/                           | CHOW TAI FOOK JEWELLERY GROU /HKD/ 0.00000000                                             | CUSIP: G21146108<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     51000 | NS      | $72060.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT OIL & RETAIL BUSINE- /THB/                           | PTT OIL & RETAIL BUSINE-NVDR /THB/ 0.00000000                                             | CUSIP: Y86209528<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     98900 | NS      | $35559.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD /INR/                            | RELIANCE INDUSTRIES LTD /INR/ 0.00000000                                                  | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    676569 | NS      | $11243655.20  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPYREAN TECHNOLOGY CO L /CNH/                           | EMPYREAN TECHNOLOGY CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y228E9105<br>LEI: 836800HWPKNLN46F0U75 | Long             | EC               | CORP              | CN        |      1300 | NS      | $22931.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DINO POLSKA SA /PLN/                                     | DINO POLSKA SA /PLN/ 144A 0.00000000                                                      | CUSIP: X188AF102<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |      1507 | NS      | $221361.03    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HYBE CO LTD /KRW/                                        | HYBE CO LTD /KRW/ 0.00000000                                                              | CUSIP: Y0S0UG104<br>LEI: 988400NYDQI538IJ3K23 | Long             | EC               | CORP              | KR        |       734 | NS      | $141344.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNWAY BHD /MYR/                                         | SUNWAY BHD /MYR/ 0.00000000                                                               | CUSIP: Y8309C115<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     81500 | NS      | $90965.87     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KLABIN SA - UNIT /BRL/                                   | KLABIN SA - UNIT /BRL/ 0.00000000                                                         | CUSIP: P60933135<br>LEI: 254900C8UYA6YUPSDU10 | Long             | EC               | CORP              | BR        |     21763 | NS      | $69682.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KUMBA IRON ORE LTD /ZAR/                                 | KUMBA IRON ORE LTD /ZAR/ 0.00000000                                                       | CUSIP: S4341C103<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      1524 | NS      | $24985.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN ECOLOGICAL HOLDINGS  /CNH/                           | ENN ECOLOGICAL HOLDINGS CO-A /CNH/ 0.00000000                                             | CUSIP: Y3119Q107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    298743 | NS      | $785688.92    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING ENTERPRISES WATE /HKD/                           | BEIJING ENTERPRISES WATER GR /HKD/ 0.00000000                                             | CUSIP: G0957L109<br>LEI: 836800VJR5J11VO6AY72 | Long             | EC               | CORP              | HK        |     78000 | NS      | $25587.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPRO BM CO LTD /KRW/                                   | ECOPRO BM CO LTD /KRW/ 0.00000000                                                         | CUSIP: Y2243T102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1334 | NS      | $86029.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI IND INVESTMENT GRO /SAR/                           | SAUDI IND INVESTMENT GROUP /SAR/ 0.00000000                                               | CUSIP: M8235U117<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      7851 | NS      | $34552.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPREME INDUSTRIES LTD /INR/                             | SUPREME INDUSTRIES LTD /INR/ 0.00000000                                                   | CUSIP: Y83139140<br>LEI: 33580094NA85GD34LN25 | Long             | EC               | CORP              | IN        |      1866 | NS      | $90502.79     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN COOPERATIVE FINAN /TWD/                           | TAIWAN COOPERATIVE FINANCIAL /TWD/ 0.00000000                                             | CUSIP: Y8374C107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    297393 | NS      | $236493.01    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARAMCO BASE OIL CO /SAR/                           | SAUDI ARAMCO BASE OIL CO /SAR/ 0.00000000                                                 | CUSIP: M82367109<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      1248 | NS      | $33083.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BRADESCO SA-PREF /BRL/                             | BANCO BRADESCO SA-PREF /BRL/ 0.00000000                                                   | CUSIP: P1808G117<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    151538 | NS      | $429301.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LTIMINDTREE LTD /INR/                                    | LTIMINDTREE LTD /INR/ 144A 0.00000000                                                     | CUSIP: Y5S745101<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      2225 | NS      | $131928.76    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMLOGIC SHANGHAI INC-A /CNH/                             | AMLOGIC SHANGHAI INC-A /CNH/ 0.00000000                                                   | CUSIP: Y009AJ101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       351 | NS      | $3251.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM POLSKA MIEDZ SA /PLN/                               | KGHM POLSKA MIEDZ SA /PLN/ 0.00000000                                                     | CUSIP: X45213109<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |      4925 | NS      | $161895.34    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JSL SA /BRL/                                             | JSL SA /BRL/ 0.00000000                                                                   | CUSIP: P6065E101<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    550000 | NS      | $598244.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANXI XINGHUACUN FEN WI /CNH/                           | SHANXI XINGHUACUN FEN WINE-A /CNH/ 0.00000000                                             | CUSIP: Y77013103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2140 | NS      | $54686.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KUWAIT FINANCE HOUSE /KWD/                               | KUWAIT FINANCE HOUSE /KWD/ 0.00000000                                                     | CUSIP: M64176106<br>LEI: 2549007KX0N057S9BC98 | Long             | EC               | CORP              | KW        |    319529 | NS      | $781261.58    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ELITE MATERIAL CO LTD /TWD/                              | ELITE MATERIAL CO LTD /TWD/ 0.00000000                                                    | CUSIP: Y2290G102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      8000 | NS      | $197355.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA EASTERN AIRLINES C /CNY/                           | CHINA EASTERN AIRLINES CO-A /CNY/ 0.00000000                                              | CUSIP: Y1407D101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     27298 | NS      | $15270.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCELINK TECHNOLOGIES CO /CNH/                           | ACCELINK TECHNOLOGIES CO -A /CNH/ 0.00000000                                              | CUSIP: Y00060106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3600 | NS      | $20576.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PAGE INDUSTRIES LTD /INR/                                | PAGE INDUSTRIES LTD /INR/ 0.00000000                                                      | CUSIP: Y6592S102<br>LEI: 335800D6UFCCKUP3KD53 | Long             | EC               | CORP              | IN        |       185 | NS      | $99892.19     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SANAN OPTOELECTRONICS CO /CNY/                           | SANAN OPTOELECTRONICS CO L-A /CNY/ 0.00000000                                             | CUSIP: Y77035106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6100 | NS      | $10493.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES MICROELE /CNH/                           | CHINA RESOURCES MICROELECT-A /CNH/ 0.00000000                                             | CUSIP: G210B1103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4498 | NS      | $29689.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GOERTEK INC -A /CNH/                                     | GOERTEK INC -A /CNH/ 0.00000000                                                           | CUSIP: Y27360109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4300 | NS      | $12429.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TITAN CO LTD /INR/                                       | TITAN CO LTD /INR/ 0.00000000                                                             | CUSIP: Y88425148<br>LEI: 549300RO9VJWPK37FE54 | Long             | EC               | CORP              | IN        |    114056 | NS      | $4735371.82   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| BALKRISHNA INDUSTRIES LT /INR/                           | BALKRISHNA INDUSTRIES LTD /INR/ 0.00000000                                                | CUSIP: Y05506129<br>LEI: 3358006BD9NZGXG1I436 | Long             | EC               | CORP              | IN        |      2232 | NS      | $64472.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DLF LTD /INR/                                            | DLF LTD /INR/ 0.00000000                                                                  | CUSIP: Y2089H105<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     20976 | NS      | $195486.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SG MICRO CORP-A /CNH/                                    | SG MICRO CORP-A /CNH/ 0.00000000                                                          | CUSIP: Y7679C101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       975 | NS      | $12477.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DUKHAN BANK /QAR/                                        | DUKHAN BANK /QAR/ 0.00000000                                                              | CUSIP: M28189104<br>LEI: 254900QN4LRSP4RV8D17 | Long             | EC               | CORP              | QA        |     50646 | NS      | $49972.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGZHOU HAIGE COMMUNIC /CNH/                           | GUANGZHOU HAIGE COMMUNICAT-A /CNH/ 0.00000000                                             | CUSIP: Y29328104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7900 | NS      | $14911.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POLYCAB INDIA LTD /INR/                                  | POLYCAB INDIA LTD /INR/ 0.00000000                                                        | CUSIP: Y6S83Q102<br>LEI: 335800ZAL1L11ERZVW68 | Long             | EC               | CORP              | IN        |      1425 | NS      | $99848.85     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CATHAY FINANCIAL HOLDING /TWD/                           | CATHAY FINANCIAL HOLDING CO /TWD/ 0.00000000                                              | CUSIP: Y11654103<br>LEI: 5299009XR1QLFAMQ3X77 | Long             | EC               | CORP              | TW        |    277550 | NS      | $549443.51    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| LS ELECTRIC CO LTD /KRW/                                 | LS ELECTRIC CO LTD /KRW/ 0.00000000                                                       | CUSIP: Y5355Q105<br>LEI: 988400AF8KS117D7D072 | Long             | EC               | CORP              | KR        |       400 | NS      | $72549.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NATURA &CO HOLDING SA /BRL/                              | NATURA &CO HOLDING SA /BRL/ 0.00000000                                                    | CUSIP: P7S8B6105<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     24863 | NS      | $45522.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA SHIPPING DEVELOPME /CNH/                           | CHINA SHIPPING DEVELOPMENT-A /CNH/ 0.00000000                                             | CUSIP: Y1503Y124<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5300 | NS      | $7413.55      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS BANK-A /CNY/                             | CHINA MERCHANTS BANK-A /CNY/ 0.00000000                                                   | CUSIP: Y14896107<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     35700 | NS      | $214825.84    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA NATIONAL BUILDING  /HKD/                           | CHINA NATIONAL BUILDING MA-H /HKD/ 0.00000000                                             | CUSIP: Y15045100<br>LEI: 52990085PGF8YEPLBZ26 | Long             | EC               | CORP              | CN        |    152000 | NS      | $67857.42     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES GAS GROU /HKD/                           | CHINA RESOURCES GAS GROUP LT /HKD/ 0.00000000                                             | CUSIP: G2113B108<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     27600 | NS      | $73124.69     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HD KOREA SHIPBUILDING &  /KRW/                           | HD KOREA SHIPBUILDING & OFFS /KRW/ 0.00000000                                             | CUSIP: Y3838M106<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |      1254 | NS      | $287866.84    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC GROUP LTD-H /HKD/                                   | CMOC GROUP LTD-H /HKD/ 0.00000000                                                         | CUSIP: Y1503Z105<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    123000 | NS      | $97765.99     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MAX HEALTHCARE INSTITUTE /INR/                           | MAX HEALTHCARE INSTITUTE LTD /INR/ 0.00000000                                             | CUSIP: Y5S464109<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |     22101 | NS      | $291939.62    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TONGWEI CO LTD-A /CNH/                                   | TONGWEI CO LTD-A /CNH/ 0.00000000                                                         | CUSIP: Y8884V108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10300 | NS      | $23297.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED SPIRITS LTD /INR/                                 | UNITED SPIRITS LTD /INR/ 0.00000000                                                       | CUSIP: Y92311128<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      9159 | NS      | $163793.10    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MAKEMYTRIP LTD                                           | MAKEMYTRIP LTD 0.00000000                                                                 | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | IN        |     11851 | NS      | $1204417.13   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI ELECTRICITY CO /SAR/                               | SAUDI ELECTRICITY CO /SAR/ 0.00000000                                                     | CUSIP: M8T51J104<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     25347 | NS      | $95597.28     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI FRIENDESS ELECT /CNH/                           | SHANGHAI FRIENDESS ELECTRO-A /CNH/ 0.00000000                                             | CUSIP: Y7T83N106<br>LEI: 549300YYZ76IVQGGBM98 | Long             | EC               | CORP              | CN        |       637 | NS      | $16666.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LOONGSON TECHNOLOGY CORP /CNH/                           | LOONGSON TECHNOLOGY CORP L-A /CNH/ 0.00000000                                             | CUSIP: Y5326A106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1012 | NS      | $18186.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GD POWER DEVELOPMENT CO  /CNH/                           | GD POWER DEVELOPMENT CO -A /CNH/ 0.00000000                                               | CUSIP: Y1964L108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     21800 | NS      | $13809.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW ORIENTAL EDUCATION & /HKD/                           | NEW ORIENTAL EDUCATION & TEC /HKD/ 0.00000000                                             | CUSIP: G6470A116<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | CN        |     40810 | NS      | $193910.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING KINGSOFT OFFICE /CNH/                            | BEIJING KINGSOFT OFFICE SO A   /CNH/ 0.00000000                                           | CUSIP: Y0R9YP102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |       687 | NS      | $26751.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDOFOOD SUKSES MAKMUR T /IDR/                           | INDOFOOD SUKSES MAKMUR TBK P /IDR/ 0.00000000                                             | CUSIP: Y7128X128<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    162900 | NS      | $78640.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMERCIAL BANK PSQC /QAR/                               | COMMERCIAL BANK PSQC /QAR/ 0.00000000                                                     | CUSIP: M25354107<br>LEI: 2138004FUUD4I7X8H721 | Long             | EC               | CORP              | QA        |     87760 | NS      | $110579.48    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AVENUE SUPERMARTS LTD /INR/                              | AVENUE SUPERMARTS LTD /INR/ 144A 0.00000000                                               | CUSIP: Y04895101<br>LEI: 335800B2ZPJKOU2ZM776 | Long             | EC               | CORP              | IN        |      4548 | NS      | $212765.19    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO L /KRW/                           | HD HYUNDAI ELECTRIC CO LTD /KRW/ 0.00000000                                               | CUSIP: Y3R1DD103<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |       667 | NS      | $183080.39    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DIVI'S LABORATORIES LTD /INR/                            | DIVI'S LABORATORIES LTD /INR/ 0.00000000                                                  | CUSIP: Y2076F112<br>LEI: 335800C1DHFG1C9T1M03 | Long             | EC               | CORP              | IN        |      3468 | NS      | $267989.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GF SECURITIES CO LTD-A /CNH/                             | GF SECURITIES CO LTD-A /CNH/ 0.00000000                                                   | CUSIP: Y9727Z108<br>LEI: 3003007E0Y3ZJ5HNA936 | Long             | EC               | CORP              | CN        |      9000 | NS      | $20318.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA PACIFIC INSURANCE  /CNY/                           | CHINA PACIFIC INSURANCE GR-A   /CNY/ 0.00000000                                           | CUSIP: Y1505R119<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     12500 | NS      | $59753.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HUALAN BIOLOGICAL ENGINE /CNH/                           | HUALAN BIOLOGICAL ENGINEER-A /CNH/ 0.00000000                                             | CUSIP: Y3737H125<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2260 | NS      | $5043.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LENOVO GROUP LTD /HKD/                                   | LENOVO GROUP LTD /HKD/ 0.00000000                                                         | CUSIP: Y5257Y107<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | CN        |    792000 | NS      | $904329.15    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| THE SHANGHAI COMMERCIAL  /TWD/                           | THE SHANGHAI COMMERCIAL & SA /TWD/ 0.00000000                                             | CUSIP: Y7681K109<br>LEI: 549300TLB5ALPCGBHN23 | Long             | EC               | CORP              | TW        |    114598 | NS      | $176864.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| KOREA AEROSPACE INDUSTRI /KRW/                           | KOREA AEROSPACE INDUSTRIES /KRW/ 0.00000000                                               | CUSIP: Y4838Q105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2324 | NS      | $140664.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LIFE HEALTHCARE GROUP HO /ZAR/                           | LIFE HEALTHCARE GROUP HOLDIN /ZAR/ 0.00000000                                             | CUSIP: S4682C100<br>LEI: 529900NEEWARTDD80135 | Long             | EC               | CORP              | ZA        |    741945 | NS      | $592188.77    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CUMMINS INDIA LTD /INR/                                  | CUMMINS INDIA LTD /INR/ 0.00000000                                                        | CUSIP: Y4807D150<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      4282 | NS      | $163677.06    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO L /KRW/                           | SAMSUNG ELECTRONICS CO LTD /KRW/ 0.00000000                                               | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    326804 | NS      | $13298357.95  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLATINUM LIMITED /ZAR/                    | ANGLO AMERICAN PLATINUM LIMITED /ZAR/ 0.00000000                                          | CUSIP: S9122P108<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      2586 | NS      | $101382.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EMBRAER SA /BRL/                                         | EMBRAER SA /BRL/ 0.00000000                                                               | CUSIP: P3700H201<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |     20881 | NS      | $239139.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HOLDINGS LT /ZAR/                           | CAPITEC BANK HOLDINGS LTD /ZAR/ 0.00000000                                                | CUSIP: S15445109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     20833 | NS      | $4007053.34   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| LOMON BILLIONS GROUP CO  /CNH/                           | LOMON BILLIONS GROUP CO  -A /CNH/ 0.00000000                                              | CUSIP: Y3122W109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6600 | NS      | $15177.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SINO BIOPHARMACEUTICAL /HKD/                             | SINO BIOPHARMACEUTICAL /HKD/ 0.00000000                                                   | CUSIP: G8167W138<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | HK        |    297750 | NS      | $167743.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WUXI APPTEC CO LTD A /CNH/                               | WUXI APPTEC CO LTD A /CNH/ 0.00000000                                                     | CUSIP: Y971B1100<br>LEI: 254900OEPQLZSPLN9175 | Long             | EC               | CORP              | CN        |      3864 | NS      | $33908.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHONGQING SOKON INDUSTRY /CNH/                           | CHONGQING SOKON INDUSTRY G-A /CNH/ 0.00000000                                             | CUSIP: Y1586E102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2700 | NS      | $50885.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FOSHAN HAITIAN FLAVOURING -A /CNH/                       | FOSHAN HAITIAN FLAVOURING -A /CNH/ 0.00000000                                             | CUSIP: Y23840104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9186 | NS      | $56642.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VARUN BEVERAGES LTD /INR/                                | VARUN BEVERAGES LTD /INR/ 0.00000000                                                      | CUSIP: Y9T53H143<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |     37839 | NS      | $210472.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| YUNNAN ENERGY NEW MATERI /CNH/                           | YUNNAN ENERGY NEW MATERIAL C /CNH/ 0.00000000                                             | CUSIP: Y9881M109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1300 | NS      | $5015.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER CORP /KRW/                                         | NAVER CORP /KRW/ 0.00000000                                                               | CUSIP: Y62579100<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |      4031 | NS      | $546487.48    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONET LNG LTD /INR/                                   | PETRONET LNG LTD /INR/ 0.00000000                                                         | CUSIP: Y68259103<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |     23014 | NS      | $82818.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HUAXIA BANK CO LTD-A /CNY/                               | HUAXIA BANK CO LTD-A /CNY/ 0.00000000                                                     | CUSIP: Y37467100<br>LEI: 300300AKNDEHIGVDZW37 | Long             | EC               | CORP              | CN        |     30500 | NS      | $31881.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WUHAN GUIDE INFRARED CO  /CNH/                           | WUHAN GUIDE INFRARED CO LT-A /CNH/ 0.00000000                                             | CUSIP: Y97082104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2038 | NS      | $2493.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NINGXIA BAOFENG ENERGY G /CNH/                           | NINGXIA BAOFENG ENERGY GRO-A /CNH/ 0.00000000                                             | CUSIP: Y6S057109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10200 | NS      | $22661.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MEGA FINANCIAL HOLDING C /TWD/                           | MEGA FINANCIAL HOLDING CO LT /TWD/ 0.00000000                                             | CUSIP: Y59456106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    330889 | NS      | $435116.01    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT PETROLEUM CORP LT /INR/                           | BHARAT PETROLEUM CORP LTD /INR/ 0.00000000                                                | CUSIP: Y0882Z116<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     41676 | NS      | $154763.53    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LG CHEM LTD /KRW/                                        | LG CHEM LTD /KRW/ 0.00000000                                                              | CUSIP: Y52758102<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |      1415 | NS      | $202427.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI RURAL COMMERCIA /CNH/                           | SHANGHAI RURAL COMMERCIAL -A /CNH/ 0.00000000                                             | CUSIP: Y7690Q113<br>LEI: 300300C1122131000095 | Long             | EC               | CORP              | CN        |     19600 | NS      | $24376.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD /INR/                                | SHRIRAM FINANCE LTD /INR/ 0.00000000                                                      | CUSIP: Y775S1107<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |     42216 | NS      | $315713.57    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC AVIATION LTD /HKD/                                   | BOC AVIATION LTD /HKD/ 144A 0.00000000                                                    | CUSIP: Y09292106<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |      4800 | NS      | $38693.87     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHINA MOLYBDENUM CO LTD- /CNY/                           | CHINA MOLYBDENUM CO LTD-A /CNY/ 0.00000000                                                | CUSIP: Y1503Z113<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     26600 | NS      | $26599.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASIAN PAINTS LTD /INR/                                   | ASIAN PAINTS LTD /INR/ 0.00000000                                                         | CUSIP: Y03638114<br>LEI: 335800HEHXGYRUNERD75 | Long             | EC               | CORP              | IN        |     10900 | NS      | $287830.46    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| FOCUS MEDIA INFORMATION  /CNH/                           | FOCUS MEDIA INFORMATION TE-A /CNH/ 0.00000000                                             | CUSIP: Y29327106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20800 | NS      | $21572.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTER & CO INC - CL A                                    | INTER & CO INC - CL A 0.00000000                                                          | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    157205 | NS      | $1119299.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| REGIONAL SAB DE CV /MXN/                                 | REGIONAL SAB DE CV /MXN/ 0.00000000                                                       | CUSIP: P8008V109<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    151000 | NS      | $1174237.27   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENG SHIN RUBBER IND CO /TWD/                           | CHENG SHIN RUBBER IND CO LTD /TWD/ 0.00000000                                             | CUSIP: Y1306X109<br>LEI: 3003006VZBNKJZLNJ718 | Long             | EC               | CORP              | TW        |     49000 | NS      | $82571.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF SHANGHAI CO LTD- /CNY/                           | BANK OF SHANGHAI CO LTD-A /CNY/ 0.00000000                                                | CUSIP: Y0R98R107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     29640 | NS      | $43527.34     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LI AUTO INC-CLASS A /HKD/                                | LI AUTO INC-CLASS A /HKD/ 0.00000000                                                      | CUSIP: G5479M105<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | CN        |     34706 | NS      | $493265.41    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| IFLYTEK CO LTD - A /CNH/                                 | IFLYTEK CO LTD - A /CNH/ 0.00000000                                                       | CUSIP: Y013A6101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3900 | NS      | $24826.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIAL SECURITIES CO /CNY/                           | INDUSTRIAL SECURITIES CO-A /CNY/ 0.00000000                                               | CUSIP: Y3994T101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     19760 | NS      | $15773.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HOME PRODUCT CENTER PCL- /THB/                           | HOME PRODUCT CENTER PCL-NVDR /THB/ 0.00000000                                             | CUSIP: Y32758123<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    137900 | NS      | $32279.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLEGRO.EU SA /PLN/                                      | ALLEGRO.EU SA /PLN/ 144A 0.00000000                                                       | CUSIP: L0R67D109<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | PL        |     16220 | NS      | $149362.93    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EVE ENERGY CO LTD-A /CNH/                                | EVE ENERGY CO LTD-A /CNH/ 0.00000000                                                      | CUSIP: Y2303F109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2581 | NS      | $16096.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOOMLION HEAVY INDUSTRY  /CNH/                           | ZOOMLION HEAVY INDUSTRY S-A /CNH/ 0.00000000                                              | CUSIP: Y1293Y102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13200 | NS      | $13042.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YANKUANG ENERGY GROUP CO /HKD/                           | YANKUANG ENERGY GROUP CO-H /HKD/ 0.00000000                                               | CUSIP: Y97417102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     96700 | NS      | $114399.09    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| RUENTEX DEVELOPMENT CO L /TWD/                           | RUENTEX DEVELOPMENT CO LTD /TWD/ 0.00000000                                               | CUSIP: Y73659123<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     56000 | NS      | $55588.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK PEKAO SA /PLN/                                      | BANK PEKAO SA /PLN/ 0.00000000                                                            | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |      5322 | NS      | $262372.62    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PROMOTORA Y OPERADORA DE /MXN/                           | PROMOTORA Y OPERADORA DE INF /MXN/ 0.00000000                                             | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |      5386 | NS      | $60674.89     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIER SMART HOME CO LTD- /HKD/                           | HAIER SMART HOME CO LTD-H /HKD/ 0.00000000                                                | CUSIP: Y298BN100<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |     67800 | NS      | $197370.73    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO FINANCIERO INBURSA SAB DE CV /MXN/                 | GRUPO FINANCIERO INBURSA SAB DE CV /MXN/ 0.00000000                                       | CUSIP: P4950U165<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     55152 | NS      | $139046.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TCL CORP-A /CNH/                                         | TCL CORP-A /CNH/ 0.00000000                                                               | CUSIP: Y8549C107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20020 | NS      | $11858.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO DAEWOO CORP /KRW/                                  | POSCO DAEWOO CORP /KRW/ 0.00000000                                                        | CUSIP: Y1911C102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1191 | NS      | $42359.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN BANK CO LTD-A /CNH/                              | PING AN BANK CO LTD-A /CNH/ 0.00000000                                                    | CUSIP: Y7740P107<br>LEI: 549300W9MKNIVWXFM679 | Long             | EC               | CORP              | CN        |    586880 | NS      | $941742.78    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| COLGATE PALMOLIVE (INDIA /INR/                           | COLGATE PALMOLIVE (INDIA) /INR/ 0.00000000                                                | CUSIP: Y1673X104<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      4130 | NS      | $118563.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED TRACTORS TBK PT /IDR/                             | UNITED TRACTORS TBK PT /IDR/ 0.00000000                                                   | CUSIP: Y7146Y140<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    421300 | NS      | $579122.52    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGSOFT CORP LTD /HKD/                                  | KINGSOFT CORP LTD /HKD/ 0.00000000                                                        | CUSIP: G5264Y108<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |     27800 | NS      | $118431.79    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA /BRL/                                            | PRIO SA /BRL/ 0.00000000                                                                  | CUSIP: P7S19Q109<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    142598 | NS      | $971284.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMBUJA CEMENTS LTD /INR/                                 | AMBUJA CEMENTS LTD /INR/ 0.00000000                                                       | CUSIP: Y6140K106<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     14916 | NS      | $96569.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EPAM SYSTEMS INC                                         | EPAM SYSTEMS INC 0.00000000                                                               | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      4299 | NS      | $750132.51    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES BEER HOL /HKD/                           | CHINA RESOURCES BEER HOLDING /HKD/ 0.00000000                                             | CUSIP: Y15037107<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     46500 | NS      | $146869.22    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HUMANWELL HEALTHCARE GRO /CNH/                           | HUMANWELL HEALTHCARE GROUP-A /CNH/ 0.00000000                                             | CUSIP: Y9716L102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3200 | NS      | $9834.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET /TRY/                           | TURKCELL ILETISIM HIZMET AS /TRY/ 0.00000000                                              | CUSIP: M8903B102<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |     31232 | NS      | $75754.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN HIGH SPEED RAIL C /TWD/                           | TAIWAN HIGH SPEED RAIL CORP /TWD/ 0.00000000                                              | CUSIP: Y8421F103<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     56000 | NS      | $51007.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco                                                  | Invesco Government & Agency Portfolio                                                     | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    513813 | OU      | $513812.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LATAM AIRLINES GROUP SA /CLP/                            | LATAM AIRLINES GROUP SA /CLP/ 0.00000000                                                  | CUSIP: P61894104<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        |   6671962 | NS      | $127070.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRENT LTD /INR/                                          | TRENT LTD /INR/ 0.00000000                                                                | CUSIP: Y8969R105<br>LEI: 335800IYA8EHI7MW7G59 | Long             | EC               | CORP              | IN        |      5334 | NS      | $350610.73    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PIRAEUS FINANCIAL HOLDIN /EUR/                           | PIRAEUS FINANCIAL HOLDINGS S /EUR/ 0.00000000                                             | CUSIP: X06397248<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    217101 | NS      | $1449656.60   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| AKBANK T.A.S. /TRY/                                      | AKBANK T.A.S. /TRY/ 0.00000000                                                            | CUSIP: M0300L106<br>LEI: 789000TUMN63Z28TJ497 | Long             | EC               | CORP              | TR        |     78127 | NS      | $101782.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SANY HEAVY INDUSTRY CO L /CNY/                           | SANY HEAVY INDUSTRY CO LTD-A /CNY/ 0.00000000                                             | CUSIP: Y75268105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     18900 | NS      | $49410.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZANGGE MINING CO LTD-A /CNH/                             | ZANGGE MINING CO LTD-A /CNH/ 0.00000000                                                   | CUSIP: Y9885K117<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4000 | NS      | $20077.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MOBILE TELESYSTEMS PUBLIC JO                             | MOBILE TELESYSTEMS PUBLIC JO 0.00000000                                                   | CUSIP: X5430T109<br>LEI: 2534008FX8EXH1FMJA74 | Long             | EC               | CORP              | RU        |     24130 | NS      | $241.30       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CHINA EVERBRIGHT BANK CO /CNH/                           | CHINA EVERBRIGHT BANK CO-A /CNH/ 0.00000000                                               | CUSIP: Y1477U116<br>LEI: 549300U6PKQ4H1P34E17 | Long             | EC               | CORP              | CN        |     91612 | NS      | $50500.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHONGSHENG GROUP HOLDING /HKD/                           | ZHONGSHENG GROUP HOLDINGS /HKD/ 0.00000000                                                | CUSIP: G9894K108<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | EC               | CORP              | CN        |     28500 | NS      | $42644.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC POWER CORP /EUR/                                  | PUBLIC POWER CORP /EUR/ 0.00000000                                                        | CUSIP: X7023M103<br>LEI: 213800T9Y5XCOVRZ4Y57 | Long             | EC               | CORP              | GR        |      5371 | NS      | $82087.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENWAN HONGYUAN GROUP C /CNH/                           | SHENWAN HONGYUAN GROUP CO-A /CNH/ 0.00000000                                              | CUSIP: Y774B4102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     48700 | NS      | $31930.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GODREJ PROPERTIES LTD /INR/                              | GODREJ PROPERTIES LTD /INR/ 0.00000000                                                    | CUSIP: Y2735G139<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      4526 | NS      | $118788.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WIWYNN CORP /TWD/                                        | WIWYNN CORP /TWD/ 0.00000000                                                              | CUSIP: Y9673D101<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     24000 | NS      | $1911414.17   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHONGJIN GOLD CORP-A /CNY/                               | ZHONGJIN GOLD CORP-A /CNY/ 0.00000000                                                     | CUSIP: Y9890R107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11600 | NS      | $22455.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGHUI ENERGY CO LTD-A /CNH/                           | GUANGHUI ENERGY CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y9724D100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7700 | NS      | $6339.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD /HKD/                                 | TRIP.COM GROUP LTD /HKD/ 0.00000000                                                       | CUSIP: G9066F101<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     17864 | NS      | $1123131.59   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA LONGYUAN POWER GRO /HKD/                           | CHINA LONGYUAN POWER GROUP-H /HKD/ 0.00000000                                             | CUSIP: Y1501T101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     80000 | NS      | $66237.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL SA-UNI /BRL/                           | BANCO BTG PACTUAL SA-UNIT /BRL/ 0.00000000                                                | CUSIP: P1R8ZJ253<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33944 | NS      | $234765.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNGR ADVANCED MATERIAL C /CNH/                           | CNGR ADVANCED MATERIAL CO -A /CNH/ 0.00000000                                             | CUSIP: Y1R6PC105<br>LEI: 213800FP1O8DBRF5AI17 | Long             | EC               | CORP              | CN        |      1820 | NS      | $7851.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JARIR MARKETING CO /SAR/                                 | JARIR MARKETING CO /SAR/ 0.00000000                                                       | CUSIP: M6185P112<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     15972 | NS      | $54710.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PROSUS NV /EUR/                                          | PROSUS NV /EUR/ 0.00000000                                                                | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |     50000 | NS      | $2570977.51   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| E INK HOLDINGS INC /TWD/                                 | E INK HOLDINGS INC /TWD/ 0.00000000                                                       | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     24000 | NS      | $168063.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CD PROJEKT SA /PLN/                                      | CD PROJEKT SA /PLN/ 0.00000000                                                            | CUSIP: X0957E106<br>LEI: 259400TYO5Q8SH8TL437 | Long             | EC               | CORP              | PL        |      1723 | NS      | $102156.53    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GEM CO LTD-A /CNH/                                       | GEM CO LTD-A /CNH/ 0.00000000                                                             | CUSIP: Y7744C102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15100 | NS      | $12663.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YONYOU SOFTWARE CO LTD-A /CNH/                           | YONYOU SOFTWARE CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y9042R104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5330 | NS      | $9608.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BB SEGURIDADE PARTICIPAC /BRL/                           | BB SEGURIDADE PARTICIPACOES /BRL/ 0.00000000                                              | CUSIP: P1R1WJ103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    284682 | NS      | $1867379.30   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| IND & COMM BK OF CHINA-H /HKD/                           | IND & COMM BK OF CHINA-H /HKD/ 0.00000000                                                 | CUSIP: Y3990B112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2006000 | NS      | $1455784.65   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| JINDAL STL N POWER INR 5DM/INR                           | JINDAL STL N POWER INR 5DM  /INR/ INE749A01030 0.00000000                                 | CUSIP: Y4447P100<br>LEI: 335800UIKQBF6QO2NP15 | Long             | EC               | CORP              | IN        |     11170 | NS      | $123784.09    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HLA CORP LTD -A /CNH/                                    | HLA CORP LTD -A /CNH/ 0.00000000                                                          | CUSIP: Y0483A106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14100 | NS      | $14021.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA /BRL/                                             | TIM SA /BRL/ 0.00000000                                                                   | CUSIP: P9153B104<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     23521 | NS      | $80166.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALWAFERS CO LTD /TWD/                                | GLOBALWAFERS CO LTD /TWD/ 0.00000000                                                      | CUSIP: Y2722U109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     70000 | NS      | $727175.83    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AIER EYE HOSPITAL GROUP  /CNH/                           | AIER EYE HOSPITAL GROUP CO-A   /CNH/ 0.00000000                                           | CUSIP: Y0029J108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11877 | NS      | $20463.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAMES SYST /TWD/                           | INTERNATIONAL GAMES SYSTEM C /TWD/ 0.00000000                                             | CUSIP: Y41065114<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      8000 | NS      | $222575.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TELKOM INDONESIA PERSERO-ADR                             | TELKOM INDONESIA PERSERO-ADR 0.00000000                                                   | CUSIP: 715684106<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |     64001 | NS      | $1097617.15   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JSW STEEL LTD /INR/                                      | JSW STEEL LTD /INR/ 0.00000000                                                            | CUSIP: Y44680158<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | EC               | CORP              | IN        |     17171 | NS      | $199551.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SMARTFIT - ORDINARY /BRL/                                | SMARTFIT - ORDINARY /BRL/ 0.00000000                                                      | CUSIP: P8T12R101<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    195596 | NS      | $821254.19    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JD LOGISTICS INC /HKD/                                   | JD LOGISTICS INC /HKD/ 144A 0.00000000                                                    | CUSIP: G5074S101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     57000 | NS      | $89660.57     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FORMOSA PLASTICS CORP /TWD/                              | FORMOSA PLASTICS CORP /TWD/ 0.00000000                                                    | CUSIP: Y26095102<br>LEI: 254900KM6G17UTG1QN82 | Long             | EC               | CORP              | TW        |    114000 | NS      | $131087.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MAN /TWD/                           | TAIWAN SEMICONDUCTOR MANUFAC /TWD/ 0.00000000                                             | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1416507 | NS      | $45108753.14  | 7.73%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD OTOMOTIV SANAYI AS /TRY/                            | FORD OTOMOTIV SANAYI AS /TRY/ 0.00000000                                                  | CUSIP: M7608S105<br>LEI: 7890006XJG6ZE2H34671 | Long             | EC               | CORP              | TR        |     17990 | NS      | $36853.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO BIMBO SAB CV /MXN/                                 | GRUPO BIMBO SAB CV /MXN/          SA DE CV A SHARES/ 0.00000000                           | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |     34834 | NS      | $97430.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEN DING TECHNOLOGY HOL /TWD/                           | ZHEN DING TECHNOLOGY HOLDING /TWD/ 0.00000000                                             | CUSIP: G98922100<br>LEI: 549300H7R4K33675UP38 | Long             | EC               | CORP              | TW        |     16000 | NS      | $54360.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TSINGTAO BREWERY CO LTD- /CNH/                           | TSINGTAO BREWERY CO LTD-A      /CNH/ 0.00000000                                           | CUSIP: Y8997D110<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       300 | NS      | $3088.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD ELECTRONIC INTL CO L /HKD/                           | BYD ELECTRONIC INTL CO LTD /HKD/ 0.00000000                                               | CUSIP: Y1045N107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22500 | NS      | $88492.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC HOLDING CO-A /CNH/                                  | PICC HOLDING CO-A /CNH/ 0.00000000                                                        | CUSIP: Y6800A117<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     24800 | NS      | $28427.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIN KONG FINANCIAL HOLD /TWD/                           | SHIN KONG FINANCIAL HOLDING /TWD/ 0.00000000                                              | CUSIP: Y7753X104<br>LEI: 529900YF6H5G3WJC6V36 | Long             | EC               | CORP              | TW        |    420614 | NS      | $168402.03    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL SILICON INDUSTR /CNH/                           | NATIONAL SILICON INDUSTRY -A /CNH/ 0.00000000                                             | CUSIP: Y6S9KH101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5493 | NS      | $14079.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE TECHNOLOGY GROUP CO  /CNH/                           | BOE TECHNOLOGY GROUP CO LT-A /CNH/ 0.00000000                                             | CUSIP: Y0920M101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     68500 | NS      | $36019.14     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TONGCHENG TRAVEL HOLDING /HKD/                           | TONGCHENG TRAVEL HOLDINGS LT /HKD/ REG S 0.00000000                                       | CUSIP: G8918W106<br>LEI: 2549004WGGNOPL8NUL61 | Long             | EC               | CORP              | CN        |     31600 | NS      | $89275.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AMBEV SA /BRL/                                           | AMBEV SA /BRL/ 0.00000000                                                                 | CUSIP: P0273U106<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    134556 | NS      | $330130.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXA SEGURIDADE PARTICI /BRL/                           | CAIXA SEGURIDADE PARTICIPACO /BRL/ 0.00000000                                             | CUSIP: P1S73N102<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     15025 | NS      | $39596.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF CHANGSHA CO LTD- /CNH/                           | BANK OF CHANGSHA CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y0R95D101<br>LEI: 300300C1086243000041 | Long             | EC               | CORP              | CN        |     16600 | NS      | $22567.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MOBILE TELESYSTEMS PUBLIC                                | MOBILE TELESYSTEMS PUBLIC JOINT STOCK COMPANY 0.00000000                                  | CUSIP: 607409109<br>LEI: 2534008FX8EXH1FMJA74 | Long             | EC               | CORP              | RU        |    135663 | NS      | $1356.63      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VOLTAS LTD /INR/                                         | VOLTAS LTD /INR/ 0.00000000                                                               | CUSIP: Y93817149<br>LEI: 335800VVTQSSZ7NV7F51 | Long             | EC               | CORP              | IN        |      7259 | NS      | $106537.11    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| X 5 RETAIL GROUP NV-REGS /RUB/                           | X 5 RETAIL GROUP NV-REGS GDR /RUB/ REG S 0.00000000                                       | CUSIP: 98387E205<br>LEI: 213800J17UJJJDGUVF56 | Long             | EC               | CORP              | RU        |      3377 | NS      | $0.44         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JPMF GUANGDONG CO LTD -A /CNH/                           | JPMF GUANGDONG CO LTD -A /CNH/ 0.00000000                                                 | CUSIP: Y446BS104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14500 | NS      | $16151.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OPPEIN HOME GROUP INC-A /CNH/                            | OPPEIN HOME GROUP INC-A /CNH/ 0.00000000                                                  | CUSIP: Y6440T104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1000 | NS      | $8548.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG NHU CO LTD-A /CNH/                              | ZHEJIANG NHU CO LTD-A /CNH/ 0.00000000                                                    | CUSIP: Y98910105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7200 | NS      | $21875.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG SUPCON TECHNOLO /CNH/                           | ZHEJIANG SUPCON TECHNOLOGY-A /CNH/ 0.00000000                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |      1653 | NS      | $10064.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURK HAVA YOLLARI AO /TRY/                               | TURK HAVA YOLLARI AO /TRY/ 0.00000000                                                     | CUSIP: M8926R100<br>LEI: 789000EV8M3BL7ZPFB03 | Long             | EC               | CORP              | TR        |     13822 | NS      | $96551.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA-BRASIL BOLSA BALCA /BRL/                           | B3 SA-BRASIL BOLSA BALCAO /BRL/ 0.00000000                                                | CUSIP: P1909G107<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1010760 | NS      | $2453369.62   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC /TWD/                                       | MEDIATEK INC /TWD/ 0.00000000                                                             | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    141000 | NS      | $5854536.56   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WULIANGYE YIBIN CO LTD-A /CNH/                           | WULIANGYE YIBIN CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y9828D105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6600 | NS      | $115839.02    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI CARDS & PAYMENT SERV /INR/                           | SBI CARDS & PAYMENT SERVICES /INR/ 0.00000000                                             | CUSIP: Y7T35P100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     10224 | NS      | $110137.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| THERMAX LTD /INR/                                        | THERMAX LTD /INR/ 0.00000000                                                              | CUSIP: Y87948140<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      1209 | NS      | $48098.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAL SAUDI LOGISTICS SERV /SAR/                           | SAL SAUDI LOGISTICS SERVICES /SAR/ 0.00000000                                             | CUSIP: M8232P103<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       809 | NS      | $38426.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU YANGHE BREWERY - /CNH/                           | JIANGSU YANGHE BREWERY -A /CNH/ 0.00000000                                                | CUSIP: Y444AE101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1800 | NS      | $16415.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHONGTAI SECURITIES CO L /CNH/                           | ZHONGTAI SECURITIES CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y989B4106<br>LEI: 300300E1012137000054 | Long             | EC               | CORP              | CN        |      2300 | NS      | $1940.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING WANTAI BIOLOGICA /CNH/                           | BEIJING WANTAI BIOLOGICAL-A /CNH/ 0.00000000                                              | CUSIP: Y077CK103<br>LEI: 300300280PS0QGBZBS92 | Long             | EC               | CORP              | CN        |      1218 | NS      | $11716.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU HENGRUI PHARMACE /CNY/                           | JIANGSU HENGRUI PHARMACEUTICALS CO LTD /CNY/ 0.00000000                                   | CUSIP: Y4446S105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10301 | NS      | $78087.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| QATAR INTERNATIONAL ISLA /QAR/                           | QATAR INTERNATIONAL ISLAMIC /QAR/ 0.00000000                                              | CUSIP: M8179X101<br>LEI: 2549007SZGKT5N5ND952 | Long             | EC               | CORP              | QA        |     35539 | NS      | $102223.79    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| YANZHOU COAL MINING CO-A /CNY/                           | YANZHOU COAL MINING CO-A /CNY/ 0.00000000                                                 | CUSIP: Y97417110<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10660 | NS      | $19045.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW CHINA LIFE INSURANCE /HKD/                           | NEW CHINA LIFE INSURANCE C-H /HKD/ 0.00000000                                             | CUSIP: Y625A4115<br>LEI: 300300F2001111000095 | Long             | EC               | CORP              | CN        |     28000 | NS      | $113374.40    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSIND BANK LTD /INR/                                  | INDUSIND BANK LTD /INR/ 0.00000000                                                        | CUSIP: Y3990M134<br>LEI: 335800JDVJ8HSXG9G512 | Long             | EC               | CORP              | IN        |     16128 | NS      | $154764.93    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC /AED/                              | ALDAR PROPERTIES PJSC /AED/ 0.00000000                                                    | CUSIP: M0517N101<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    112561 | NS      | $254633.73    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI /TRY/                              | YAPI VE KREDI BANKASI /TRY/ 0.00000000                                                    | CUSIP: M9869G101<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | EC               | CORP              | TR        |     81036 | NS      | $52761.58     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIMICRON TECHNOLOGY COR /TWD/                           | UNIMICRON TECHNOLOGY CORP /TWD/ 0.00000000                                                | CUSIP: Y90668107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     43000 | NS      | $149744.04    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENERGY COMPANY LIMITED /CNY/                           | SHENERGY COMPANY LIMITED-A /CNY/ 0.00000000                                               | CUSIP: Y7691V103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     18000 | NS      | $22423.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INNER MONGOLIA JUNZHENG  /CNY/                           | INNER MONGOLIA JUNZHENG EN-A /CNY/ 0.00000000                                             | CUSIP: Y40887104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16300 | NS      | $11996.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MEIHUA HOLDINGS GROUP CO /CNH/                           | MEIHUA HOLDINGS GROUP CO -A /CNH/ 0.00000000                                              | CUSIP: Y9719G100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11300 | NS      | $16418.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NAHDI MEDICAL CO /SAR/                                   | NAHDI MEDICAL CO /SAR/ 0.00000000                                                         | CUSIP: M7068U103<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      1521 | NS      | $49399.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KGI FINANCIAL HOLDING CO /TWD/                           | KGI FINANCIAL HOLDING CO LTD /TWD/ 0.00000000                                             | CUSIP: Y1460P108<br>LEI: 213800CVM61O866CGD19 | Long             | EC               | CORP              | TW        |    435112 | NS      | $249284.48    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| RHB BANK BHD /MYR/                                       | RHB BANK BHD /MYR/ 0.00000000                                                             | CUSIP: Y72783106<br>LEI: 549300ZHRPSV7QIUJT80 | Long             | EC               | CORP              | MY        |     38400 | NS      | $57833.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD /HKD/                               | FAR EAST HORIZON LTD /HKD/ 0.00000000                                                     | CUSIP: Y24286109<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | EC               | CORP              | HK        |     50000 | NS      | $38644.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZHOU DONGSHAN PRECISIO /CNH/                           | SUZHOU DONGSHAN PRECISION-A /CNH/ 0.00000000                                              | CUSIP: Y8318L106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5100 | NS      | $19857.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WANT WANT CHINA HOLDINGS /HKD/                           | WANT WANT CHINA HOLDINGS LTD /HKD/ 0.00000000                                             | CUSIP: G9431R103<br>LEI: 5299005HZCEKX4O1J230 | Long             | EC               | CORP              | HK        |   1495000 | NS      | $960081.12    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| GREAT WALL MOTOR CO LTD- /HKD/                           | GREAT WALL MOTOR CO LTD-H /HKD/ 0.00000000                                                | CUSIP: Y2882P106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     68500 | NS      | $105566.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHUZHOU CRRC TIMES ELECT /CNH/                           | ZHUZHOU CRRC TIMES ELECTRI-A   /CNH/ 0.00000000                                           | CUSIP: Y9892N112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7397 | NS      | $44981.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BRADESCO S.A. /BRL/                                | BANCO BRADESCO S.A. /BRL/ 0.00000000                                                      | CUSIP: P1808G109<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |     42982 | NS      | $105079.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT EXPLORATION & PROD-F /THB/                           | PTT EXPLORATION & PROD-FOR /THB/ 0.00000000                                               | CUSIP: Y7145P165<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    165700 | NS      | $495662.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KALYAN JEWELLERS INDIA L /INR/                           | KALYAN JEWELLERS INDIA LTD /INR/ 0.00000000                                               | CUSIP: Y4524W101<br>LEI: 335800EP35CO1QHM9P33 | Long             | EC               | CORP              | IN        |     11490 | NS      | $75314.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| QUANTA COMPUTER INC /TWD/                                | QUANTA COMPUTER INC /TWD/ 0.00000000                                                      | CUSIP: Y7174J106<br>LEI: 529900DE8BIV3XOXIK04 | Long             | EC               | CORP              | TW        |    424000 | NS      | $3792120.97   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| SOC QUIMICA Y MINERA CHI /CLP/                           | SOC QUIMICA Y MINERA CHILE-B /CLP/ 0.00000000                                             | CUSIP: P8716X108<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      4284 | NS      | $128124.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHLUMBERGER LTD                                         | SCHLUMBERGER LTD 0.00000000                                                               | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     17629 | NS      | $582638.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VTB BANK OJSC/OFAC FAIL/                                 | VTB BANK OJSC/OFAC FAIL/ 0.00000000                                                       | CUSIP: X9814J117<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     12017 | NS      | $1.97         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HANGZHOU SILAN MICROELEC /CNY/                           | HANGZHOU SILAN MICROELECTR-A /CNY/ 0.00000000                                             | CUSIP: Y30432101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2700 | NS      | $8971.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EICHER MOTORS LTD /INR/                                  | EICHER MOTORS LTD /INR/ 0.00000000                                                        | CUSIP: Y2251M148<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |      3935 | NS      | $246076.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO DE CHILE /CLP/                                     | BANCO DE CHILE /CLP/ 0.00000000                                                           | CUSIP: P0939W108<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |   1266261 | NS      | $186500.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DAUM KAKAO CORP /KRW/                                    | DAUM KAKAO CORP /KRW/ 0.00000000                                                          | CUSIP: Y4519H119<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |      8967 | NS      | $277204.81    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HAPPIGO HOME SHOPPING CO /CNH/                           | HAPPIGO HOME SHOPPING CO L-A /CNH/ 0.00000000                                             | CUSIP: Y306B1109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3400 | NS      | $10520.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GAIL INDIA LTD /INR/                                     | GAIL INDIA LTD /INR/ 0.00000000                                                           | CUSIP: Y2R78N114<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     61646 | NS      | $136869.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VICTORY GIANT TECHNOLOGY /CNH/                           | VICTORY GIANT TECHNOLOGY -A /CNH/ 0.00000000                                              | CUSIP: Y9367N100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3400 | NS      | $40562.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICANA RESTAURANTS IN /AED/                           | AMERICANA RESTAURANTS INTERN /AED/ 0.00000000                                             | CUSIP: M0859X105<br>LEI: 549300EYHRPEZ6UVAM64 | Long             | EC               | CORP              | AE        |     80135 | NS      | $44414.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL UNICHIP CORP /TWD/                                | GLOBAL UNICHIP CORP /TWD/ 0.00000000                                                      | CUSIP: Y2724H114<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $115090.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MINSHENG BANKING C /HKD/                           | CHINA MINSHENG BANKING COR-H /HKD/ 0.00000000                                             | CUSIP: Y1495M112<br>LEI: 549300HBUGSQD1VCXG94 | Long             | EC               | CORP              | CN        |    216700 | NS      | $111302.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AKESO INC /HKD/                                          | AKESO INC /HKD/ 144A 0.00000000                                                           | CUSIP: G0146B103<br>LEI: 254900ECWYGR3QW5GF30 | Long             | EC               | CORP              | CN        |     18000 | NS      | $192438.18    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HUAIBEI MINING HOLDINGS  /CNH/                           | HUAIBEI MINING HOLDINGS CO-A /CNH/ 0.00000000                                             | CUSIP: Y013A7109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7500 | NS      | $12941.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG HUAFENG SPANDEX /CNH/                           | ZHEJIANG HUAFENG SPANDEX -A /CNH/ 0.00000000                                              | CUSIP: Y988A4109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15100 | NS      | $14129.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HOSHINE SILICON INDUSTRY /CNH/                           | HOSHINE SILICON INDUSTRY C-A /CNH/ 0.00000000                                             | CUSIP: Y3125P101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       900 | NS      | $6107.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA GROUP LTD /HKD/                                      | AIA GROUP LTD /HKD/ 0.00000000                                                            | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    273400 | NS      | $2270107.04   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PHARMARON BEIJING CO LTD /CNH/                           | PHARMARON BEIJING CO LTD-A /CNH/ 0.00000000                                               | CUSIP: Y989K6101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2025 | NS      | $6705.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF GREECE /EUR/                            | NATIONAL BANK OF GREECE /EUR/ 0.00000000                                                  | CUSIP: X56533189<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    136102 | NS      | $1624597.39   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN MINING GROUP CO LT /HKD/                           | ZIJIN MINING GROUP CO LTD-H /HKD/ 0.00000000                                              | CUSIP: Y9892H107<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |    164000 | NS      | $365276.45    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AEROPORT DEL PACIF /MXN/                           | GRUPO AEROPORT DEL PACIFIC-B /MXN/ 0.00000000                                             | CUSIP: P4959P100<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |     10998 | NS      | $252707.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI LOMBARD GENERAL IN /INR/                           | ICICI LOMBARD GENERAL INSURA /INR/ 144A 0.00000000                                        | CUSIP: Y3R55N101<br>LEI: 335800ZZITZ7ZZZ2ZX87 | Long             | EC               | CORP              | IN        |      7010 | NS      | $153657.18    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NARI TECHNOLOGY DEVELOPM /CNY/                           | NARI TECHNOLOGY DEVELOPMEN-A   /CNY/ 0.00000000                                           | CUSIP: Y2959R100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16595 | NS      | $51119.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCOS DORADOS HOLDINGS INC-A                             | ARCOS DORADOS HOLDINGS INC-A 0.00000000                                                   | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | UY        |    133049 | NS      | $985893.09    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA AEROSPACE CO LTD /KRW/                            | HANWHA AEROSPACE CO LTD /KRW/ 0.00000000                                                  | CUSIP: Y7470L102<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |       922 | NS      | $542255.69    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LTD /INR/                                     | ICICI BANK LTD /INR/ 0.00000000                                                           | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    152134 | NS      | $2582716.39   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| TUBE INVESTMENTS OF INDI /INR/                           | TUBE INVESTMENTS OF INDIA LT /INR/ 0.00000000                                             | CUSIP: Y8999Z101<br>LEI: 335800Z8CKZ11SGVKE64 | Long             | EC               | CORP              | IN        |      3306 | NS      | $118423.27    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC BANK BERHAD /MYR/                                 | PUBLIC BANK BERHAD /MYR/ 0.00000000                                                       | CUSIP: Y71497104<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |    405500 | NS      | $410643.13    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZHOU TFC OPTICAL COMMU /CNH/                           | SUZHOU TFC OPTICAL COMMUNI-A /CNH/ 0.00000000                                             | CUSIP: Y831BY104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1400 | NS      | $15893.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FUBON FINANCIAL HOLDING  /TWD/                           | FUBON FINANCIAL HOLDING CO /TWD/ 0.00000000                                               | CUSIP: Y26528102<br>LEI: 549300G7Y2TS2XNIB476 | Long             | EC               | CORP              | TW        |    237781 | NS      | $627142.32    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HAITIAN INTERNATIONAL HOLDINGS LTD /HKD/                 | HAITIAN INTERNATIONAL HOLDINGS LTD /HKD/ 0.00000000                                       | CUSIP: G4232C108<br>LEI: 30030093DDRS825TVP62 | Long             | EC               | CORP              | CN        |     16000 | NS      | $39025.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HACI OMER SABANCI HOLDIN /TRY/                           | HACI OMER SABANCI HOLDING /TRY/ 0.00000000                                                | CUSIP: M8223R100<br>LEI: 78900090FFOWNLGP0F20 | Long             | EC               | CORP              | TR        |     25546 | NS      | $50514.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNGROW POWER SUPPLY CO  /CNH/                           | SUNGROW POWER SUPPLY CO LT-A /CNH/ 0.00000000                                             | CUSIP: Y8211M102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3640 | NS      | $30387.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TAL EDUCATION GROUP- ADR                                 | TAL EDUCATION GROUP- ADR 0.00000000                                                       | CUSIP: 874080104<br>LEI: 5493003PJZS0EC085V72 | Long             | EC               | CORP              | CN        |     63074 | NS      | $620017.42    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER CHILE /CLP/                              | BANCO SANTANDER CHILE /CLP/ 0.00000000                                                    | CUSIP: P1506A107<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |   2141522 | NS      | $127728.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCA CONTINENTAL SAB DE  /MXN/                           | ARCA CONTINENTAL SAB DE CV /MXN/ 0.00000000                                               | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |     16111 | NS      | $177341.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HOTAI MOTOR COMPANY LTD /TWD/                            | HOTAI MOTOR COMPANY LTD /TWD/ 0.00000000                                                  | CUSIP: Y37225102<br>LEI: 254900ZL0NDWNH1MNQ51 | Long             | EC               | CORP              | TW        |      9140 | NS      | $192883.41    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA MOTORS LTD /INR/                                    | TATA MOTORS LTD /INR/ 0.00000000                                                          | CUSIP: Y85740267<br>LEI: 335800BO2LHWJJ8TZI32 | Long             | EC               | CORP              | IN        |     59203 | NS      | $498315.66    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO /SAR/                               | SAUDI ARABIAN OIL CO /SAR/ 144A 0.00000000                                                | CUSIP: M8237R104<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |    167798 | NS      | $1118308.94   | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FALABELLA SA /CLP/                                       | FALABELLA SA /CLP/ 0.00000000                                                             | CUSIP: P3880F108<br>LEI: 5493004CKJQ7H391LM41 | Long             | EC               | CORP              | CL        |     23830 | NS      | $113826.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDS CO LTD /KRW/                                 | SAMSUNG SDS CO LTD /KRW/ 0.00000000                                                       | CUSIP: Y7T72C103<br>LEI: 988400G19T2TB4CAWX91 | Long             | EC               | CORP              | KR        |      1283 | NS      | $120768.53    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA VANKE CO LTD -A /CNH/                              | CHINA VANKE CO LTD -A /CNH/ 0.00000000                                                    | CUSIP: Y77421116<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15600 | NS      | $14362.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOBIS CO LTD /KRW/                               | HYUNDAI MOBIS CO LTD /KRW/ 0.00000000                                                     | CUSIP: Y3849A109<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |      5735 | NS      | $1050476.09   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI UNITED IMAGING /CNH/                            | SHANGHAI UNITED IMAGING HE A   /CNH/ 0.00000000                                           | CUSIP: Y7693L103<br>LEI: 300300YFLW1ZZPRAZ467 | Long             | EC               | CORP              | CN        |      1498 | NS      | $28576.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SABIC AGRI-NUTRIENTS CO /SAR/                            | SABIC AGRI-NUTRIENTS CO /SAR/ 0.00000000                                                  | CUSIP: M8T36M107<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      6876 | NS      | $175346.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MAKKAH CONSTRUCTION & DE /SAR/                           | MAKKAH CONSTRUCTION & DEVEPL /SAR/ 0.00000000                                             | CUSIP: M6S89F103<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       855 | NS      | $22013.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC LTD /HKD/                                          | CITIC LTD /HKD/ 0.00000000                                                                | CUSIP: Y1639J116<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    120000 | NS      | $150914.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA UNITED NETWORK-A /CNH/                             | CHINA UNITED NETWORK-A /CNH/ 0.00000000                                                   | CUSIP: Y15117107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     40000 | NS      | $29763.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL RETAIL CORP PCL- /THB/                           | CENTRAL RETAIL CORP PCL-NVDR /THB/ 0.00000000                                             | CUSIP: Y86208751<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     52416 | NS      | $29854.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JINKO SOLAR CO LTD A /CNH/                               | JINKO SOLAR CO LTD A /CNH/ 0.00000000                                                     | CUSIP: Y4S532106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9597 | NS      | $6929.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SICHUAN ROAD&BRIDGE CO LT-A /CNH/                        | SICHUAN ROAD&BRIDGE CO LT-A /CNH/ 0.00000000                                              | CUSIP: Y7932N100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17860 | NS      | $22957.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI PHARMACEUTICALS /HKD/                           | SHANGHAI PHARMACEUTICALS-H /HKD/ 0.00000000                                               | CUSIP: Y7685S108<br>LEI: 30030029J1KKCBY19820 | Long             | EC               | CORP              | CN        |     16800 | NS      | $24321.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 360 SECURITY TECHNOLOGY  /CNH/                           | 360 SECURITY TECHNOLOGY IN-A /CNH/ 0.00000000                                             | CUSIP: Y444T7106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9300 | NS      | $12845.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GONGNIU GROUP CO LTD-A /CNH/                             | GONGNIU GROUP CO LTD-A /CNH/ 0.00000000                                                   | CUSIP: Y2R0MK101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1595 | NS      | $15675.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BUPA ARABIA FOR COOPERAT /SAR/                           | BUPA ARABIA FOR COOPERATIVE /SAR/ 0.00000000                                              | CUSIP: M20515116<br>LEI: 558600B2WJHD5P31XS68 | Long             | EC               | CORP              | SA        |      2413 | NS      | $107849.05    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MOUWASAT MEDICAL SERVICE /SAR/                           | MOUWASAT MEDICAL SERVICES CO /SAR/ 0.00000000                                             | CUSIP: M7065G107<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      3443 | NS      | $66844.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| QATAR ELECTRICITY & WATE /QAR/                           | QATAR ELECTRICITY & WATER CO /QAR/ 0.00000000                                             | CUSIP: M8179S102<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     14392 | NS      | $62521.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SANLAM LTD /ZAR/                                         | SANLAM LTD /ZAR/ 0.00000000                                                               | CUSIP: S7302C137<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |    287305 | NS      | $1416383.56   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED MICROELECTRONICS  /TWD/                           | UNITED MICROELECTRONICS CORP /TWD/ 0.00000000                                             | CUSIP: Y92370108<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |    327000 | NS      | $504638.38    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL  /INR/                           | ADANI PORTS AND SPECIAL ECON /INR/ 0.00000000                                             | CUSIP: Y00130107<br>LEI: 335800QOAXP5TM7OYP69 | Long             | EC               | CORP              | IN        |     14607 | NS      | $244821.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KAKAOBANK CORP /KRW/                                     | KAKAOBANK CORP /KRW/ 0.00000000                                                           | CUSIP: Y451AA104<br>LEI: 988400VAVCFSK6VF9Q87 | Long             | EC               | CORP              | KR        |      5216 | NS      | $88901.56     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDONG NANSHAN ALUMINU /CNY/                           | SHANDONG NANSHAN ALUMINUM-A   /CNY/ 0.00000000                                            | CUSIP: Y7680L108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14900 | NS      | $7757.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ISOFTSTONE INFORMATION T /CNH/                           | ISOFTSTONE INFORMATION TEC-A /CNH/ 0.00000000                                             | CUSIP: Y417DH107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2200 | NS      | $15948.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HANSOH PHARMACEUTICAL GR /HKD/                           | HANSOH PHARMACEUTICAL GROUP /HKD/ 144A 0.00000000                                         | CUSIP: G54958106<br>LEI: 254900Q6MR00EBXTPF42 | Long             | EC               | CORP              | CN        |     38000 | NS      | $124519.92    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KUALA LUMPUR KEPONG BHD /MYR/                            | KUALA LUMPUR KEPONG BHD /MYR/ 0.00000000                                                  | CUSIP: Y47153104<br>LEI: 2549009JSTRFMR7A8D34 | Long             | EC               | CORP              | MY        |     16400 | NS      | $74963.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI TELECOM CO /SAR/                                   | SAUDI TELECOM CO /SAR/ 0.00000000                                                         | CUSIP: M8T596104<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     57782 | NS      | $644654.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| YUM CHINA HOLDINGS INC                                   | YUM CHINA HOLDINGS INC 0.00000000                                                         | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |     10987 | NS      | $479582.55    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD -A /CNH/                                      | BYD CO LTD -A /CNH/ 0.00000000                                                            | CUSIP: Y1045E107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3300 | NS      | $160534.28    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MAXSCEND MICROELECTRONIC /CNH/                           | MAXSCEND MICROELECTRONICS -A /CNH/ 0.00000000                                             | CUSIP: Y5840E105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       864 | NS      | $8452.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ELETROBRAS DE BRAZIL ON /BRL/                            | ELETROBRAS DE BRAZIL ON       /ORD REGD/ /BRL/ 0.00000000                                 | CUSIP: P22854122<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     35249 | NS      | $258647.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRTAC INTERNATIONAL GRO /TWD/                           | AIRTAC INTERNATIONAL GROUP /TWD/ 0.00000000                                               | CUSIP: G01408106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      4139 | NS      | $127195.96    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SICHUAN CHUANTOU ENERGY  /CNH/                           | SICHUAN CHUANTOU ENERGY CO-A /CNH/ 0.00000000                                             | CUSIP: Y2288N101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     12000 | NS      | $28059.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD HOLDINGS INC                                         | PDD HOLDINGS INC 0.00000000                                                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     32502 | NS      | $3136768.02   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TORRENT PHARMACEUTICALS  /INR/                           | TORRENT PHARMACEUTICALS LTD /INR/ 0.00000000                                              | CUSIP: Y8896L148<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      3612 | NS      | $133841.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR CO LTD-PRF /KRW/                           | HYUNDAI MOTOR CO LTD-PRF /KRW/ 0.00000000                                                 | CUSIP: Y38472133<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |       565 | NS      | $60496.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTRAND LTD /ZAR/                                      | FIRSTRAND LTD /ZAR/ 0.00000000                                                            | CUSIP: S5202Z131<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |    147491 | NS      | $613234.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| YANTAI JEREH OILFIELD-A /CNH/                            | YANTAI JEREH OILFIELD-A /CNH/ 0.00000000                                                  | CUSIP: Y9729Z106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3700 | NS      | $17673.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL AMERICAS SA /CLP/                                   | ENEL AMERICAS SA /CLP/ 0.00000000                                                         | CUSIP: P37186106<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |    473707 | NS      | $44217.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI ROTEM COMPANY /KRW/                              | HYUNDAI ROTEM COMPANY /KRW/ 0.00000000                                                    | CUSIP: Y3R36Z108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2128 | NS      | $225560.33    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAILUN GROUP CO LTD -A /CNY/                             | SAILUN GROUP CO LTD -A /CNY/ 0.00000000                                                   | CUSIP: Y74184105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9500 | NS      | $16520.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA HONGQIAO GROUP LTD /HKD/                           | CHINA HONGQIAO GROUP LTD /HKD/ 0.00000000                                                 | CUSIP: G21150100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     85000 | NS      | $150867.10    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INNER MONGOLIAN BAOTOU S /CNY/                           | INNER MONGOLIAN BAOTOU STE-A /CNY/ 0.00000000                                             | CUSIP: Y4084T100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     62900 | NS      | $15153.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CPFL ENERGIA SA /BRL/                                    | CPFL ENERGIA SA /BRL/ 0.00000000                                                          | CUSIP: P3179C105<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      7096 | NS      | $50244.31     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO MEXICO SAB DE CV-S /MXN/                           | GRUPO MEXICO SAB DE CV-SER B /MXN/ 0.00000000                                             | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    219360 | NS      | $1212166.77   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| YIHAI KERRY ARAWANA HOLD /CNH/                           | YIHAI KERRY ARAWANA HOLDIN-A /CNH/ 0.00000000                                             | CUSIP: Y982B5108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5300 | NS      | $22277.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TCS GROUP HOLDING-GDR RE /RUB/                           | TCS GROUP HOLDING-GDR REG S /RUB/ REG S 0.00000000                                        | CUSIP: 87238U203<br>LEI: 549300XQRN9MR54V1W18 | Long             | EC               | CORP              | CY        |      2925 | NS      | $0.38         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ORIENT OVERSEAS INTL LTD /HKD/                           | ORIENT OVERSEAS INTL LTD /HKD/ 0.00000000                                                 | CUSIP: G67749153<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |      5000 | NS      | $85606.61     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| YANBU NATIONAL PETROCHEM /SAR/                           | YANBU NATIONAL PETROCHEMICAL /SAR/ 0.00000000                                             | CUSIP: M98699107<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      8700 | NS      | $69023.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR CHINA LTD-A /CNY/                                    | AIR CHINA LTD-A /CNY/ 0.00000000                                                          | CUSIP: Y002A6112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13600 | NS      | $15115.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING ENERGY TR /HKD/                           | COSCO SHIPPING ENERGY TRAN-H /HKD/ 0.00000000                                             | CUSIP: Y1765K101<br>LEI: 529900IGB8FVHRCR1W95 | Long             | EC               | CORP              | CN        |     32000 | NS      | $25008.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADANI ENTERPRISES LTD /INR/                              | ADANI ENTERPRISES LTD /INR/ 0.00000000                                                    | CUSIP: Y00106131<br>LEI: 335800OTN96B3M38HC30 | Long             | EC               | CORP              | IN        |      4372 | NS      | $128859.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DIXON TECHNOLOGIES INDIA /INR/                           | DIXON TECHNOLOGIES INDIA LTD /INR/ REG S 0.00000000                                       | CUSIP: Y2R8Y5112<br>LEI: 335800D7XO7AVXXJ8575 | Long             | EC               | CORP              | IN        |      1017 | NS      | $174759.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOTRUK HONG KONG LTD /HKD/                             | SINOTRUK HONG KONG LTD /HKD/ 0.00000000                                                   | CUSIP: Y8014Z102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16500 | NS      | $41495.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DB INSURANCE CO LTD /KRW/                                | DB INSURANCE CO LTD /KRW/ 0.00000000                                                      | CUSIP: Y2096K109<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |      1381 | NS      | $100477.73    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HD HYUNDAI HEAVY INDUSTR /KRW/                           | HD HYUNDAI HEAVY INDUSTRIES /KRW/ 0.00000000                                              | CUSIP: Y3838M122<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       669 | NS      | $196403.49    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ODONTOPREV S.A. /BRL/                                    | ODONTOPREV S.A. /BRL/ 0.00000000                                                          | CUSIP: P7344M104<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    367090 | NS      | $706139.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FULL TRUCK ALLIANCE -SPN ADR                             | FULL TRUCK ALLIANCE -SPN ADR 0.00000000                                                   | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |    135000 | NS      | $1570050.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN NEW INDUSTRIES /CNH/                            | SHENZHEN NEW INDUSTRIES BI A   /CNH/ 0.00000000                                           | CUSIP: Y774FY102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1900 | NS      | $15823.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE INDIA LTD /INR/                                   | NESTLE INDIA LTD /INR/ 0.00000000                                                         | CUSIP: Y6268T145<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      9749 | NS      | $272795.15    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING-SP ADR                             | ALIBABA GROUP HOLDING-SP ADR 0.00000000                                                   | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |     51315 | NS      | $5841699.60   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TBEA CO LTD-A /CNH/                                      | TBEA CO LTD-A /CNH/ 0.00000000                                                            | CUSIP: Y9723W109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8060 | NS      | $12957.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU CHANGJIANG ELECT /CNH/                           | JIANGSU CHANGJIANG ELECTRO-A /CNH/ 0.00000000                                             | CUSIP: Y4447T102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4000 | NS      | $17863.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LG H&H /KRW/                                             | LG H&H /KRW/ 0.00000000                                                                   | CUSIP: Y5275R100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       218 | NS      | $51409.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA VANKE CO LTD-H /HKD/                               | CHINA VANKE CO LTD-H /HKD/ 0.00000000                                                     | CUSIP: Y77421132<br>LEI: 529900E66UJ2DWY7KW55 | Long             | EC               | CORP              | CN        |     43500 | NS      | $28462.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SASA POLYESTER SANAYI /TRY/                              | SASA POLYESTER SANAYI /TRY/ 0.00000000                                                    | CUSIP: M82341104<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |    195088 | NS      | $16355.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIDU INC-CLASS A /HKD/                                  | BAIDU INC-CLASS A /HKD/ 0.00000000                                                        | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |     65868 | NS      | $676410.64    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF JIANGSU CO LTD-A /CNH/                           | BANK OF JIANGSU CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y0698M101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     35590 | NS      | $54258.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTE CORP-A /CNH/                                         | ZTE CORP-A /CNH/ 0.00000000                                                               | CUSIP: Y7742E100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3100 | NS      | $13331.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YTO EXPRESS GROUP CO LTD /CNH/                           | YTO EXPRESS GROUP CO LTD-A /CNH/ 0.00000000                                               | CUSIP: Y1963V107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8200 | NS      | $15005.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BEONE MEDICINES LTD /HKD/                                | BEONE MEDICINES LTD /HKD/ 0.00000000                                                      | CUSIP: G1146Y101<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | US        |     21962 | NS      | $415822.44    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BOSIDENG INTL HLDGS LTD /HKD/                            | BOSIDENG INTL HLDGS LTD /HKD/ 0.00000000                                                  | CUSIP: G12652106<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    110000 | NS      | $61500.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG ZHENENG ELECTRI /CNH/                           | ZHEJIANG ZHENENG ELECTRIC-A    /CNH/ 0.00000000                                           | CUSIP: Y9897X107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     23800 | NS      | $17674.96     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM BIRLESIK MAGAZALAR A /TRY/                           | BIM BIRLESIK MAGAZALAR AS /TRY/ 0.00000000                                                | CUSIP: M2014F102<br>LEI: 7890001GCDJQD8DJKE29 | Long             | EC               | CORP              | TR        |     66815 | NS      | $813485.37    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ACER INC /TWD/                                           | ACER INC /TWD/ 0.00000000                                                                 | CUSIP: Y0003F171<br>LEI: 2549006Z3IVAZIQEUM25 | Long             | EC               | CORP              | TW        |     80000 | NS      | $91891.82     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HENGLI PETROCHEMICAL CO  /CNY/                           | HENGLI PETROCHEMICAL CO L-A /CNY/ 0.00000000                                              | CUSIP: Y1963X103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10778 | NS      | $22643.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN MOBILE CO LTD /TWD/                               | TAIWAN MOBILE CO LTD /TWD/ 0.00000000                                                     | CUSIP: Y84153215<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     53000 | NS      | $201219.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GERDAU SA-PREF /BRL/                                     | GERDAU SA-PREF /BRL/ 0.00000000                                                           | CUSIP: P2867P113<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |     37579 | NS      | $100216.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOSAGRO PJSC                                            | PHOSAGRO PJSC 0.00000000                                                                  | CUSIP: 71922G407<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |        17 | NS      | $0.17         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FAR EASTONE TELECOMM CO  /TWD/                           | FAR EASTONE TELECOMM CO LTD /TWD/ 0.00000000                                              | CUSIP: Y7540C108<br>LEI: 529900L7W7BWDLVZL253 | Long             | EC               | CORP              | TW        |     53000 | NS      | $152190.33    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA LIFE INSURANCE CO- /CNY/                           | CHINA LIFE INSURANCE CO-A      /CNY/ 0.00000000                                           | CUSIP: Y1477R220<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5300 | NS      | $28170.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAJAJ FINSERV LTD /INR/                                  | BAJAJ FINSERV LTD /INR/ 0.00000000                                                        | CUSIP: Y0548X125<br>LEI: 3358001EH4I4IDMGQ326 | Long             | EC               | CORP              | IN        |     10904 | NS      | $257294.82    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HAVELLS INDIA LTD /INR/                                  | HAVELLS INDIA LTD /INR/ 0.00000000                                                        | CUSIP: Y3116C119<br>LEI: 549300U1LOGHTTNT7D47 | Long             | EC               | CORP              | IN        |      7976 | NS      | $142430.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PT BANK CENTRAL ASIA TBK /IDR/                           | PT BANK CENTRAL ASIA TBK /IDR/ 0.00000000                                                 | CUSIP: Y7123P138<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   1602700 | NS      | $922443.32    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| LARGAN PRECISION CO LTD /TWD/                            | LARGAN PRECISION CO LTD /TWD/ 0.00000000                                                  | CUSIP: Y52144105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3541 | NS      | $271266.24    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHONGQING BREWERY CO-A /CNH/                             | CHONGQING BREWERY CO-A /CNH/ 0.00000000                                                   | CUSIP: Y15846101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1800 | NS      | $14426.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DASHENLIN PHARMACEUTICAL /CNH/                           | DASHENLIN PHARMACEUTICAL G-A /CNH/ 0.00000000                                             | CUSIP: Y19984106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    342200 | NS      | $826588.91    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SASOL LTD /ZAR/                                          | SASOL LTD /ZAR/ 0.00000000                                                                | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     17899 | NS      | $81293.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS SHEKOU /CNH/                             | CHINA MERCHANTS SHEKOU IND A   /CNH/ 0.00000000                                           | CUSIP: Y14907102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6520 | NS      | $7850.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YUHAN CORP /KRW/                                         | YUHAN CORP /KRW/ 0.00000000                                                               | CUSIP: Y9873D109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1615 | NS      | $121368.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO CHEMTECH CO LTD /KRW/                              | POSCO CHEMTECH CO LTD /KRW/ 0.00000000                                                    | CUSIP: Y70754109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       831 | NS      | $69701.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PRESTIGE ESTATES PROJECT /INR/                           | PRESTIGE ESTATES PROJECTS /INR/ 0.00000000                                                | CUSIP: Y707AN101<br>LEI: 335800HHEBP52VZLTU94 | Long             | EC               | CORP              | IN        |      6043 | NS      | $103837.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DR SULAIMAN AL HABIB MED /SAR/                           | DR SULAIMAN AL HABIB MEDICAL /SAR/ 0.00000000                                             | CUSIP: M28438105<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     36317 | NS      | $2530382.79   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| QUIMICA Y MINERA CHIL-SP ADR                             | QUIMICA Y MINERA CHIL-SP ADR 0.00000000                                                   | CUSIP: 833635105<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |      8011 | NS      | $243774.73    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| CHINA RAILWAY SIGNAL & C /CNH/                           | CHINA RAILWAY SIGNAL & COM-A /CNH/ 0.00000000                                             | CUSIP: Y1R0AG113<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22980 | NS      | $15999.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WUHU SHUNRONG SANQI INTE /CNH/                           | WUHU SHUNRONG SANQI INTERA-A /CNH/ 0.00000000                                             | CUSIP: Y9717X105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3900 | NS      | $7912.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHAANXI COAL INDUSTRY CO /CNH/                           | SHAANXI COAL INDUSTRY CO L-A   /CNH/ 0.00000000                                           | CUSIP: Y7679D109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16700 | NS      | $48383.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP LTD                                            | CREDICORP LTD 0.00000000                                                                  | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      7499 | NS      | $1588363.19   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGLOGOLD ASHANTI PLC /ZAR/                              | ANGLOGOLD ASHANTI PLC /ZAR/ 0.00000000                                                    | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     14628 | NS      | $628569.76    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CRRC CORP LTD - H /HKD/                                  | CRRC CORP LTD - H /HKD/ 0.00000000                                                        | CUSIP: Y1818X100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    109000 | NS      | $69790.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| METALLURGICAL CORP OF CH /CNY/                           | METALLURGICAL CORP OF CHIN-A /CNY/ 0.00000000                                             | CUSIP: Y5949Y101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     36900 | NS      | $15008.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BAN /AED/                           | ABU DHABI COMMERCIAL BANK /AED/ 0.00000000                                                | CUSIP: M0152Q104<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     84338 | NS      | $277340.22    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT EXPLOR & PROD PCL-NV /THB/                           | PTT EXPLOR & PROD PCL-NVDR /THB/ 0.00000000                                               | CUSIP: Y7145P140<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     40800 | NS      | $121812.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANXI XISHAN COAL & ELE /CNH/                           | SHANXI XISHAN COAL & ELEC-A /CNH/ 0.00000000                                              | CUSIP: Y7701C103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6100 | NS      | $5097.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HAIER SMART HOME CO LTD-A /CNH/                          | HAIER SMART HOME CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y8997F107<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |     13300 | NS      | $46110.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA AIRLINES LTD /TWD/                                 | CHINA AIRLINES LTD /TWD/ 0.00000000                                                       | CUSIP: Y1374F105<br>LEI: 25490032B2A0G6D0JP27 | Long             | EC               | CORP              | TW        |     71000 | NS      | $52075.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CGN POWER CO LTD-H /HKD/                                 | CGN POWER CO LTD-H /HKD/ 144A 0.00000000                                                  | CUSIP: Y1300C101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    318000 | NS      | $104235.36    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| YTL POWER INTERNATIONAL  /MYR/                           | YTL POWER INTERNATIONAL BHD /MYR/ 0.00000000                                              | CUSIP: Y9861K107<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     61300 | NS      | $46100.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ARAB NATIONAL BANK /SAR/                                 | ARAB NATIONAL BANK /SAR/ 0.00000000                                                       | CUSIP: M1454X102<br>LEI: 213800CYWGYQVT1ZBQ57 | Long             | EC               | CORP              | SA        |     25374 | NS      | $146186.96    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG SDI CO LTD /KRW/                                 | SAMSUNG SDI CO LTD /KRW/ 0.00000000                                                       | CUSIP: Y74866107<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |      1875 | NS      | $228359.96    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS SECURITI /CNY/                           | CHINA MERCHANTS SECURITIES-A /CNY/ 0.00000000                                             | CUSIP: Y14904109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9230 | NS      | $20698.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS ENERGY -A /CNH/                          | CHINA MERCHANTS ENERGY -A /CNH/ 0.00000000                                                | CUSIP: Y15039103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17000 | NS      | $14241.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMBER ALFARIA TRIJAYA T /IDR/                           | SUMBER ALFARIA TRIJAYA TBK P /IDR/ 0.00000000                                             | CUSIP: Y71362118<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    564000 | NS      | $84142.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| XCMG CONSTRUCTION MACHIN /CNH/                           | XCMG CONSTRUCTION MACHIN-A     /CNH/ 0.00000000                                           | CUSIP: Y9724A106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22000 | NS      | $25118.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GOTO GOJEK TOKOPEDIA TBK /IDR/                           | GOTO GOJEK TOKOPEDIA TBK PT /IDR/ 0.00000000                                              | CUSIP: Y2732C107<br>LEI: 254900MT2CH1Y5Y7OX69 | Long             | EC               | CORP              | ID        |  27884300 | NS      | $109208.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGFOR GROUP HOLDINGS L /HKD/                           | LONGFOR GROUP HOLDINGS LTD /HKD/ 144A 0.00000000                                          | CUSIP: G5635P109<br>LEI: 254900UJX27B2F1JYR13 | Long             | EC               | CORP              | CN        |     51500 | NS      | $64170.23     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LEMON TREE HOTELS LTD /INR/                              | LEMON TREE HOTELS LTD /INR/ 144A 0.00000000                                               | CUSIP: Y5S322109<br>LEI: 335800QFBWIUBBCRJN72 | Long             | EC               | CORP              | IN        |    422000 | NS      | $689244.75    | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ACCTON TECHNOLOGY CORP /TWD/                             | ACCTON TECHNOLOGY CORP /TWD/ 0.00000000                                                   | CUSIP: Y0002S109<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     14000 | NS      | $343217.74    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ALFAA SAB DE CV /MXN/                                    | ALFAA /ALFA SAB DE CV 'A'      SHARES/ /MXN/ 0.00000000                                   | CUSIP: P0156P117<br>LEI: 549300ZCGJ6T8YDJ4M34 | Long             | EC               | CORP              | MX        |    109459 | NS      | $85328.57     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC FINANCIAL HOLDING C /TWD/                           | CTBC FINANCIAL HOLDING CO LT /TWD/ 0.00000000                                             | CUSIP: Y15093100<br>LEI: 549300IWDYIFW6JXM387 | Long             | EC               | CORP              | TW        |    484880 | NS      | $656004.51    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| JIO FINANCIAL SERVICES L /INR/                           | JIO FINANCIAL SERVICES LTD____  /INR/_ 0.00000000                                         | CUSIP: Y7S377109<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    454575 | NS      | $1524225.82   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MINSHENG BANKING-A /CNY/                           | CHINA MINSHENG BANKING-A /CNY/ 0.00000000                                                 | CUSIP: Y1495M104<br>LEI: 549300HBUGSQD1VCXG94 | Long             | EC               | CORP              | CN        |     55920 | NS      | $33764.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HONG LEONG BANK BERHAD /MYR/                             | HONG LEONG BANK BERHAD /MYR/ 0.00000000                                                   | CUSIP: Y36503103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     15800 | NS      | $72686.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING NEW BUILDING MAT /CNH/                           | BEIJING NEW BUILDING MATER-A /CNH/ 0.00000000                                             | CUSIP: Y07708103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $7948.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SK BIOPHARMACEUTICALS CO /KRW/                           | SK BIOPHARMACEUTICALS CO LTD /KRW/ 0.00000000                                             | CUSIP: Y806MN108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       946 | NS      | $63374.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG JUHUA CO-A /CNY/                                | ZHEJIANG JUHUA CO-A /CNY/ 0.00000000                                                      | CUSIP: Y9890M108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5900 | NS      | $21704.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN MINDRAY BIO-MED /CNH/                           | SHENZHEN MINDRAY BIO-MEDIC-A   /CNH/ 0.00000000                                           | CUSIP: Y774E3101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     21800 | NS      | $683577.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS /AED/                           | FIRST ABU DHABI BANK PJSC /AED/ 0.00000000                                                | CUSIP: M7080Z114<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |    129397 | NS      | $567153.32    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TONGLING NONFERROUS META /CNH/                           | TONGLING NONFERROUS METALS-A /CNH/ 0.00000000                                             | CUSIP: Y0138F104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     31900 | NS      | $14041.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AVARY HOLDING SHENZHEN C /CNH/                           | AVARY HOLDING SHENZHEN CO -A /CNH/ 0.00000000                                             | CUSIP: Y0R9JY100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3600 | NS      | $14136.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK ALBILAD /SAR/                                       | BANK ALBILAD /SAR/ 0.00000000                                                             | CUSIP: M1637E104<br>LEI: 558600YCBMF3KW9QH647 | Long             | EC               | CORP              | SA        |     21510 | NS      | $148547.86    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NASPERS LTD-N SHS /ZAR/                                  | NASPERS LTD-N SHS /ZAR/ 0.00000000                                                        | CUSIP: S53435111<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |      4899 | NS      | $1412721.41   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| RAIA DROGASIL SA /BRL/                                   | RAIA DROGASIL SA /BRL/ 0.00000000                                                         | CUSIP: P7942C102<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     39751 | NS      | $103228.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KOC HOLDING AS /TRY/                                     | KOC HOLDING AS /TRY/ 0.00000000                                                           | CUSIP: M63751107<br>LEI: 7890005U0H950VH19H45 | Long             | EC               | CORP              | TR        |     19638 | NS      | $71195.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG HUAYOU COBALT C /CNY/                           | ZHEJIANG HUAYOU COBALT CO -A /CNY/ 0.00000000                                             | CUSIP: Y9898D100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2158 | NS      | $10009.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC BANK LTD-ADR                                        | HDFC BANK LTD-ADR 0.00000000                                                              | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    140153 | NS      | $10566134.67  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PEOPLE'S INSURANCE CO GR /HKD/                           | PEOPLE'S INSURANCE CO GROU-H /HKD/ 0.00000000                                             | CUSIP: Y6800A109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    243000 | NS      | $157767.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| QINGHAI SALT LAKE INDUST /CNH/                           | QINGHAI SALT LAKE INDUSTRY-A /CNH/ 0.00000000                                             | CUSIP: Y7170U105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8300 | NS      | $18203.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TORRENT POWER LTD /INR/                                  | TORRENT POWER LTD /INR/ 0.00000000                                                        | CUSIP: Y8903W103<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      5829 | NS      | $93688.17     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TELEKOM MALAYSIA BHD /MYR/                               | TELEKOM MALAYSIA BHD /MYR/ 0.00000000                                                     | CUSIP: Y8578H118<br>LEI: 254900SNFPTSDGGVEK77 | Long             | EC               | CORP              | MY        |     31400 | NS      | $48176.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DUBAI ISLAMIC BANK /AED/                                 | DUBAI ISLAMIC BANK /AED/ 0.00000000                                                       | CUSIP: M2888J107<br>LEI: 5493003E7YRAQY3JGW88 | Long             | EC               | CORP              | AE        |     76638 | NS      | $172126.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT HEAVY ELECTRICALS /INR/                           | BHARAT HEAVY ELECTRICALS /INR/ 0.00000000                                                 | CUSIP: Y0882L133<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     26158 | NS      | $79590.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA /BRL/                                            | VALE SA /VALE DO RIO DOCE     ORDINARY REGISTERED SHARES/   /BRL/ 0.00000000              | CUSIP: P9661Q155<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    104909 | NS      | $955819.62    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHOLAMANDALAM INVESTMENT /INR/                           | CHOLAMANDALAM INVESTMENT AND /INR/ 0.00000000                                             | CUSIP: Y1R849143<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |     92701 | NS      | $1734240.57   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN PHARMACEUTICAL INDUS /INR/                           | SUN PHARMACEUTICAL INDUS /INR/ 0.00000000                                                 | CUSIP: Y8523Y158<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |     27062 | NS      | $529786.62    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCTION BANK- /HKD/                           | CHINA CONSTRUCTION BANK-H /HKD/ 0.00000000                                                | CUSIP: Y1397N101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   5601224 | NS      | $5008956.74   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMBRICON TEHNOLOGIES A /CNH/                            | CAMBRICON TEHNOLOGIES A /CNH/ 0.00000000                                                  | CUSIP: Y10823105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       639 | NS      | $53557.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PIOTECH INC-A /CNH/                                      | PIOTECH INC-A /CNH/ 0.00000000                                                            | CUSIP: Y6S9PP108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       850 | NS      | $17350.65     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CO FOR COOPERATIVE INSUR /SAR/                           | CO FOR COOPERATIVE INSURANCE /SAR/ 0.00000000                                             | CUSIP: M7225K105<br>LEI: 549300J2GTNKWJRJ8581 | Long             | EC               | CORP              | SA        |      1876 | NS      | $69114.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SICHUAN KELUN PHARMACEUT /CNH/                           | SICHUAN KELUN PHARMACEUTIC-A   /CNH/ 0.00000000                                           | CUSIP: Y7931Q104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4400 | NS      | $23505.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AAC TECHNOLOGIES HOLDING /HKD/                           | AAC TECHNOLOGIES HOLDINGS IN /HKD/ 0.00000000                                             | CUSIP: G2953R114<br>LEI: 549300SKEDE1VKS0A552 | Long             | EC               | CORP              | CN        |     24000 | NS      | $111612.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SDIC POWER HOLDINGS CO L /CNH/                           | SDIC POWER HOLDINGS CO LTD-A   /CNH/ 0.00000000                                           | CUSIP: Y3746G100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14700 | NS      | $31953.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| POSTAL SAVINGS BANK OF C /HKD/                           | POSTAL SAVINGS BANK OF CHI-H /HKD/ 144A 0.00000000                                        | CUSIP: Y6987V108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    258000 | NS      | $167222.32    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHUNGHWA TELECOM CO LTD /TWD/                            | CHUNGHWA TELECOM CO LTD /TWD/ 0.00000000                                                  | CUSIP: Y1613J108<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    106000 | NS      | $457103.66    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI RESEARCH & MEDIA G /SAR/                           | SAUDI RESEARCH & MEDIA GROUP /SAR/ 0.00000000                                             | CUSIP: M82595105<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       874 | NS      | $33278.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA /BRL/                                           | TOTVS SA /BRL/ 0.00000000                                                                 | CUSIP: P92184103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     17165 | NS      | $126702.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI GLOVIS CO LTD /KRW/                              | HYUNDAI GLOVIS CO LTD /KRW/ 0.00000000                                                    | CUSIP: Y27294100<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |      1125 | NS      | $92362.77     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MERITZ FINANCIAL GROUP I /KRW/                           | MERITZ FINANCIAL GROUP INC /KRW/ 0.00000000                                               | CUSIP: Y59496102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2851 | NS      | $230551.45    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| QATAR FUEL QSC /QAR/                                     | QATAR FUEL QSC /QAR/ 0.00000000                                                           | CUSIP: M8S778117<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     16292 | NS      | $66961.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AEROPORT DEL SURES /MXN/                           | GRUPO AEROPORT DEL SURESTE-B /MXN/ 0.00000000                                             | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      5233 | NS      | $167942.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTLE (MALAYSIA) BERHAD /MYR/                           | NESTLE (MALAYSIA) BERHAD /MYR/ 0.00000000                                                 | CUSIP: Y6269X103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      3100 | NS      | $57203.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HAINAN AIRLINES CO-A /CNY/                               | HAINAN AIRLINES CO-A /CNY/ 0.00000000                                                     | CUSIP: Y2981E119<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     70600 | NS      | $13218.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LOTES CO LTD /TWD/                                       | LOTES CO LTD /TWD/ 0.00000000                                                             | CUSIP: Y53302116<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $129586.15    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING ROBOROCK TECHNOL /CNH/                           | BEIJING ROBOROCK TECHNOLOG-A /CNH/ 0.00000000                                             | CUSIP: Y077C9108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       543 | NS      | $17049.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TMB BANK PCL /THB/                                       | TMB BANK PUBLIC CORP-NVDR /THB/ 0.00000000                                                | CUSIP: Y5771Z135<br>LEI: 549300WKGLXEV3DB7I54 | Long             | EC               | CORP              | TH        |   1277200 | NS      | $74674.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KOREA INVESTMENT HOLDING /KRW/                           | KOREA INVESTMENT HOLDINGS CO /KRW/ 0.00000000                                             | CUSIP: Y4862P106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1350 | NS      | $105552.80    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SYNNEX TECHNOLOGY INTL C /TWD/                           | SYNNEX TECHNOLOGY INTL CORP /TWD/ 0.00000000                                              | CUSIP: Y8344J109<br>LEI: 529900GMBJ3R4A2WBC71 | Long             | EC               | CORP              | TW        |     32700 | NS      | $77092.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RONGSHENG PETRO CHEMICAL /CNH/                           | RONGSHENG PETRO CHEMICAL-A /CNH/ 0.00000000                                               | CUSIP: Y7324B102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11850 | NS      | $14107.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRINA SOLAR CO LTD-A /CNH/                               | TRINA SOLAR CO LTD-A /CNH/ 0.00000000                                                     | CUSIP: Y897BJ108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6575 | NS      | $12235.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PI INDUSTRIES LTD /INR/                                  | PI INDUSTRIES LTD /INR/ 0.00000000                                                        | CUSIP: Y6978D141<br>LEI: 335800PEGP94E4CC1D11 | Long             | EC               | CORP              | IN        |      2152 | NS      | $96162.11     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BIDVEST GROUP LTD /ZAR/                                  | BIDVEST GROUP LTD /ZAR/ 0.00000000                                                        | CUSIP: S1201R162<br>LEI: 5299002ARE4TRMIRGM72 | Long             | EC               | CORP              | ZA        |     81241 | NS      | $1104014.77   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| VIPSHOP HOLDINGS LTD - ADR                               | VIPSHOP HOLDINGS LTD - ADR 0.00000000                                                     | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | CN        |     10720 | NS      | $147828.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MINING CO -A /CNH/                               | WESTERN MINING CO -A /CNH/ 0.00000000                                                     | CUSIP: Y9535G102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8300 | NS      | $18211.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CP AXTRA PCL-NVDR /THB/                                  | CP AXTRA PCL-NVDR /THB/ 0.00000000                                                        | CUSIP: Y8620G449<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     46716 | NS      | $26747.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGEL YEAST CO LTD-A /CNY/                               | ANGEL YEAST CO LTD-A /CNY/ 0.00000000                                                     | CUSIP: Y3746S104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2500 | NS      | $13199.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSC FINANCIAL CO LTD-A /CNH/                             | CSC FINANCIAL CO LTD-A /CNH/ 0.00000000                                                   | CUSIP: Y1R11K104<br>LEI: 3003006CDEBNKXHOI130 | Long             | EC               | CORP              | CN        |      8700 | NS      | $27753.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SIME DARBY BERHAD /MYR/                                  | SIME DARBY BERHAD /MYR/ 0.00000000                                                        | CUSIP: Y7962G108<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     77600 | NS      | $30996.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES LAND LTD /HKD/                           | CHINA RESOURCES LAND LTD /HKD/ 0.00000000                                                 | CUSIP: G2108Y105<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     87000 | NS      | $282683.59    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| YUNNAN YUNTIANHUA CO-A /CNH/                             | YUNNAN YUNTIANHUA CO-A /CNH/ 0.00000000                                                   | CUSIP: Y9882C100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7400 | NS      | $22361.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU KING'S LUCK BREW /CNH/                           | JIANGSU KING'S LUCK BREWER-A /CNH/ 0.00000000                                             | CUSIP: Y444JU106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3000 | NS      | $18359.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GLOBANT SA                                               | GLOBANT SA 0.00000000                                                                     | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      7411 | NS      | $726944.99    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| ECOVACS ROBOTICS CO LTD- /CNH/                           | ECOVACS ROBOTICS CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y2234K102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       900 | NS      | $6684.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI AWWAL BANK /SAR/                                   | SAUDI AWWAL BANK /SAR/ 0.00000000                                                         | CUSIP: M8234F111<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |     29646 | NS      | $266116.59    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI PRUDENTIAL LIFE IN /INR/                           | ICICI PRUDENTIAL LIFE INSURA /INR/ 144A 0.00000000                                        | CUSIP: Y3R595106<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     10058 | NS      | $77919.95     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JIANGXI COPPER CO LTD-H /HKD/                            | JIANGXI COPPER CO LTD-H /HKD/ 0.00000000                                                  | CUSIP: Y4446C100<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |     29000 | NS      | $51452.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KRUNGTHAI CARD PCL-NVDR /THB/                            | KRUNGTHAI CARD PCL-NVDR /THB/ 0.00000000                                                  | CUSIP: Y4989A123<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     22200 | NS      | $26057.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NINESTAR CORP-A /CNH/                                    | NINESTAR CORP-A /CNH/ 0.00000000                                                          | CUSIP: Y9892Z107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3400 | NS      | $10182.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GAS HOLDINGS LTD /HKD/                             | CHINA GAS HOLDINGS LTD /HKD/ 0.00000000                                                   | CUSIP: G2109G103<br>LEI: 254900KTSZLZ21VV8T33 | Long             | EC               | CORP              | HK        |     64800 | NS      | $58968.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMIG CIA ENERG PN /BRL/                                 | CEMIG CIA ENERG PN /BRL/ 0.00000000                                                       | CUSIP: P2577R110<br>LEI: 254900W703PXLDSEM056 | Long             | EC               | CORP              | BR        |     48798 | NS      | $92503.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LONGI GREEN ENERGY TECHN /CNH/                           | LONGI GREEN ENERGY TECHNOL-A /CNH/ 0.00000000                                             | CUSIP: Y9727F102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9072 | NS      | $18113.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA STATE CONSTRUC INTER/HKD                           | CHINA STATE CONSTRUCTION INT /HKD/ 0.00000000                                             | CUSIP: G21677136<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     58000 | NS      | $81529.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HANA FINANCIAL GROUP /KRW/                               | HANA FINANCIAL GROUP /KRW/ 0.00000000                                                     | CUSIP: Y29975102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8489 | NS      | $446801.81    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| POLYUS PJSC                                              | POLYUS PJSC 0.00000000                                                                    | CUSIP: X59432108<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |      8690 | NS      | $86.90        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| QATAR GAS TRANSPORT(NAKI /QAR/                           | QATAR GAS TRANSPORT(NAKILAT) /QAR/ 0.00000000                                             | CUSIP: M8178L108<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     82215 | NS      | $107993.72    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KOMERCNI BANKA AS /CZK/                                  | KOMERCNI BANKA AS /CZK/ 0.00000000                                                        | CUSIP: X45471111<br>LEI: N/A                  | Long             | EC               | CORP              | CZ        |      2012 | NS      | $92929.72     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DABUR INDIA LTD /INR/                                    | DABUR INDIA LTD /INR/ 0.00000000                                                          | CUSIP: Y1855D140<br>LEI: 335800MJPUA2E1FSFL38 | Long             | EC               | CORP              | IN        |     16912 | NS      | $95525.16     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC BANK LIMITED /INR/                                  | HDFC BANK LIMITED /INR/ 0.00000000                                                        | CUSIP: Y3119P190<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    216895 | NS      | $4924105.51   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| ECLAT TEXTILE COMPANY LT /TWD/                           | ECLAT TEXTILE COMPANY LTD /TWD/ 0.00000000                                                | CUSIP: Y2237Y109<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      6100 | NS      | $87075.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUS TOWERS LTD /INR/                                   | INDUS TOWERS LTD /INR/ 0.00000000                                                         | CUSIP: Y0R86J109<br>LEI: 335800L6DI4VHODGDK41 | Long             | EC               | CORP              | IN        |    446537 | NS      | $2006358.02   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ORION CORP/REPUBLIC OF K /KRW/                           | ORION CORP/REPUBLIC OF KOREA /KRW/ 0.00000000                                             | CUSIP: Y6S90M128<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       638 | NS      | $50990.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI KAYAN PETROCHEMICA /SAR/                           | SAUDI KAYAN PETROCHEMICAL CO /SAR/ 0.00000000                                             | CUSIP: M82585106<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     27334 | NS      | $36597.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCED MICRO-FABRICATI /CNH/                           | ADVANCED MICRO-FABRICATION-A /CNH/ 0.00000000                                             | CUSIP: Y001DM108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       794 | NS      | $19232.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG SATELLITE PETRO /CNH/                           | ZHEJIANG SATELLITE PETRO /CNH/ 0.00000000                                                 | CUSIP: Y98961108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7247 | NS      | $16788.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN OIL CORP LTD /INR/                                | INDIAN OIL CORP LTD /INR/ 0.00000000                                                      | CUSIP: Y3925Y112<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     75308 | NS      | $125051.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EMIRATES TELECOM GROUP C /AED/                           | EMIRATES TELECOMMUNICATIONS  GROUP COMPANY PJSC /AED/ 0.00000000                          | CUSIP: M4040L103<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    100586 | NS      | $470454.96    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ALMARAI CO /SAR/                                         | ALMARAI CO /SAR/ 0.00000000                                                               | CUSIP: M0855N101<br>LEI: 549300B4EDUXYD2G6098 | Long             | EC               | CORP              | SA        |     14157 | NS      | $193306.15    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCOVERY LTD /ZAR/                                      | DISCOVERY LTD /ZAR/ 0.00000000                                                            | CUSIP: S2192Y109<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |     15366 | NS      | $186957.46    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PLDT INC /PHP/                                           | PLDT INC /PHP/ 0.00000000                                                                 | CUSIP: Y7072Q103<br>LEI: 254900ADE8GQHM5P2648 | Long             | EC               | CORP              | PH        |      2295 | NS      | $50033.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVATEK MICROELECTRONICS /TWD/                           | NOVATEK MICROELECTRONICS COR /TWD/ 0.00000000                                             | CUSIP: Y64153102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     83000 | NS      | $1417625.48   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD /INR/                                | MUTHOOT FINANCE LTD /INR/ 0.00000000                                                      | CUSIP: Y6190C103<br>LEI: 335800HAMJMBFL4RRF02 | Long             | EC               | CORP              | IN        |      3203 | NS      | $83003.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| E.SUN FINANCIAL HOLDING  /TWD/                           | E.SUN FINANCIAL HOLDING CO /TWD/ 0.00000000                                               | CUSIP: Y23469102<br>LEI: 549300X6CNQE512OPC90 | Long             | EC               | CORP              | TW        |    415794 | NS      | $410537.51    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CSR CORP LTD -A /CNH/                                    | CSR CORP LTD -A /CNH/ 0.00000000                                                          | CUSIP: Y1516S106<br>LEI: 30030099HATQH2XC0B72 | Long             | EC               | CORP              | CN        |     51400 | NS      | $51376.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CGN POWER CO LTD-A /CNH/                                 | CGN POWER CO LTD-A /CNH/ 0.00000000                                                       | CUSIP: Y1300C119<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     32800 | NS      | $16709.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YIFENG PHARMACY CHAIN CO /CNH/                           | YIFENG PHARMACY CHAIN CO L-A /CNH/ 0.00000000                                             | CUSIP: Y982AC104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3480 | NS      | $12588.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FENG TAY ENTERPRISE CO L /TWD/                           | FENG TAY ENTERPRISE CO LTD /TWD/ 0.00000000                                               | CUSIP: Y24815105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     12230 | NS      | $49123.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA SHENHUA ENERGY CO- /HKD/                           | CHINA SHENHUA ENERGY CO-H /HKD/ 0.00000000                                                | CUSIP: Y1504C113<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     95000 | NS      | $400377.53    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| HERO MOTOCORP LTD /INR/                                  | HERO MOTOCORP LTD /INR/ 0.00000000                                                        | CUSIP: Y3194B108<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |      3472 | NS      | $174996.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WEG SA /BRL/                                             | WEG SA /BRL/ 0.00000000                                                                   | CUSIP: P9832B129<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    413459 | NS      | $3062043.34   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BANGKOK EXPRESSWAY-NVDR /THB/                            | BANGKOK EXPRESSWAY-NVDR /THB/ 0.00000000                                                  | CUSIP: Y0607C129<br>LEI: 529900A653WRN6DJXS19 | Long             | EC               | CORP              | TH        |    232900 | NS      | $37971.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HANWHA AEROSPACE CO RTS /KRW/                            | HANWHA AEROSPACE CO LTD       RIGHTS EXPIRES /KRW/ 0.00000000                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        66 | NS      | $6066.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI ELECTRIC GRP CO /CNY/                           | SHANGHAI ELECTRIC GRP CO L-A  /CNY/ 0.00000000                                            | CUSIP: Y76824112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     23700 | NS      | $24397.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHA SERVICES AND HOLDI /EUR/                           | ALPHA SERVICES AND HOLDINGS /EUR/ 0.00000000                                              | CUSIP: X0084L106<br>LEI: 5299009N55YRQC69CN08 | Long             | EC               | CORP              | GR        |     75290 | NS      | $242328.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL PATTANA PCL-NVDR /THB/                           | CENTRAL PATTANA PCL-NVDR /THB/ 0.00000000                                                 | CUSIP: Y1242U128<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     60900 | NS      | $84401.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO COMERCIAL CHEDRAUI /MXN/                           | GRUPO COMERCIAL CHEDRAUI SA /MXN/ 0.00000000                                              | CUSIP: P4612W104<br>LEI: 4469000001BRXSV0JO96 | Long             | EC               | CORP              | MX        |     10056 | NS      | $73621.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITANNIA INDUSTRIES LTD /INR/                           | BRITANNIA INDUSTRIES LTD /INR/ 0.00000000                                                 | CUSIP: Y0969R151<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      3124 | NS      | $200559.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG LEAPMOTOR TECHN /HKD/                           | ZHEJIANG LEAPMOTOR TECHNOLOG /HKD/ 144A 0.00000000                                        | CUSIP: Y989TP100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14782 | NS      | $103713.02    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CP ALL PCL-NVDR /THB/                                    | CP ALL PCL-NVDR /THB/ 0.00000000                                                          | CUSIP: Y1772K128<br>LEI: 894500LSBZLM09TY1A91 | Long             | EC               | CORP              | TH        |    182100 | NS      | $260374.44    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSOFT CORPORATION /KRW/                                 | NCSOFT CORPORATION /KRW/ 0.00000000                                                       | CUSIP: Y6258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       406 | NS      | $44822.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CG POWER AND INDUSTRIAL  /INR/                           | CG POWER AND INDUSTRIAL SOLU /INR/ 0.00000000                                             | CUSIP: Y1788L144<br>LEI: 335800KN5UTZKUZN2703 | Long             | EC               | CORP              | IN        |     18240 | NS      | $145733.39    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HANGZHOU FIRST PV MATERI /CNH/                           | HANGZHOU FIRST PV MATERIAL-A /CNH/ 0.00000000                                             | CUSIP: Y29846105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4939 | NS      | $8311.69      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM INC-CLASS A /HKD/                                 | JD.COM INC-CLASS A /HKD/ 0.00000000                                                       | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     88656 | NS      | $1440021.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK AL-JAZIRA /SAR/                                     | BANK AL-JAZIRA /SAR/ 0.00000000                                                           | CUSIP: M0R43T102<br>LEI: 558600FGNP3JML7WY215 | Long             | EC               | CORP              | SA        |     18653 | NS      | $63426.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZLON ENERGY LTD /INR/                                  | SUZLON ENERGY LTD /INR/ 0.00000000                                                        | CUSIP: Y8315Y119<br>LEI: 724500ZW9AZP283ZN723 | Long             | EC               | CORP              | IN        |    288923 | NS      | $241660.47    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMEX S A SPONSOR ADR         ONE ADR REPRESENTS 10 CPOS | CEMEX S A SPONSOR ADR         ONE ADR REPRESENTS 10 CPOS 0.00000000                       | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    137802 | NS      | $943943.70    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BARITO PACIFIC TBK PT /IDR/                              | BARITO PACIFIC TBK PT /IDR/ 0.00000000                                                    | CUSIP: Y71198124<br>LEI: 254900CLXCIVO1KCF078 | Long             | EC               | CORP              | ID        |    560447 | NS      | $43212.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNWODA ELECTRONIC CO LT /CNH/                           | SUNWODA ELECTRONIC CO LTD-A /CNH/ 0.00000000                                              | CUSIP: Y8309D105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2800 | NS      | $7202.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAILEASE HOLDING CO LTD /TWD/                           | CHAILEASE HOLDING CO LTD /TWD/ 0.00000000                                                 | CUSIP: G20288109<br>LEI: 529900L76E6T0JCM3J27 | Long             | EC               | CORP              | TW        |     47048 | NS      | $189371.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BSE LTD /INR/                                            | BSE LTD /INR/ 0.00000000                                                                  | CUSIP: Y0R9BJ101<br>LEI: 335800UOTLCPTZQVDA19 | Long             | EC               | CORP              | IN        |      3360 | NS      | $105530.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HUATAI SECURITIES CO LTD /CNY/                           | HUATAI SECURITIES CO LTD-A /CNY/ 0.00000000                                               | CUSIP: Y37426106<br>LEI: 3003009ABT0UCWO79Q77 | Long             | EC               | CORP              | CN        |     16000 | NS      | $37146.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KANGMEI PHARMACEUTICAL /CNY/                             | KANGMEI PHARMACEUTICAL  CO LTD - RTS OF TRUST INTEREST /CNY/ 0.00000000                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |      1217 | NS      | $1.69         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ADITYA BIRLA CAPITAL LTD /INR/                           | ADITYA BIRLA CAPITAL LTD /INR/ 0.00000000                                                 | CUSIP: Y0R14D109<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    355000 | NS      | $921853.40    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN BUSINESS BANK /TWD/                               | TAIWAN BUSINESS BANK /TWD/ 0.00000000                                                     | CUSIP: Y8414R106<br>LEI: 254900930YMK9AXL9O17 | Long             | EC               | CORP              | TW        |    175831 | NS      | $85955.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA OVERSEAS LAND & IN /HKD/                           | CHINA OVERSEAS LAND & INVEST /HKD/ 0.00000000                                             | CUSIP: Y15004107<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    110500 | NS      | $185202.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN INOVANCE TECHNO /CNH/                           | SHENZHEN INOVANCE TECHNOLO-A   /CNH/ 0.00000000                                           | CUSIP: Y7744Z101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    299800 | NS      | $2726176.82   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GREATWALL COMPUTER /CNH/                           | CHINA GREATWALL COMPUTER-A /CNH/ 0.00000000                                               | CUSIP: Y14392107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10800 | NS      | $21786.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POWSZECHNY ZAKLAD UBEZPI /PLN/                           | POWSZECHNY ZAKLAD UBEZPIECZE /PLN/ 0.00000000                                             | CUSIP: X6919T107<br>LEI: QLPCKOOKVX32FUELX240 | Long             | EC               | CORP              | PL        |     17818 | NS      | $291445.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AXIATA GROUP BERHAD /MYR/                                | AXIATA GROUP BERHAD /MYR/ 0.00000000                                                      | CUSIP: Y0488A101<br>LEI: 254900DM0V7OCPDUUC55 | Long             | EC               | CORP              | MY        |     59300 | NS      | $28564.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NAN YA PLASTICS CORP /TWD/                               | NAN YA PLASTICS CORP /TWD/ 0.00000000                                                     | CUSIP: Y62061109<br>LEI: 254900L66RP14M9UOM28 | Long             | EC               | CORP              | TW        |    139000 | NS      | $131996.65    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SKC CO LTD /KRW/                                         | SKC CO LTD /KRW/ 0.00000000                                                               | CUSIP: Y8065Z100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       436 | NS      | $27913.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS COPEC SA /CLP/                                  | EMPRESAS COPEC SA /CLP/ 0.00000000                                                        | CUSIP: P7847L108<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |      9413 | NS      | $64737.97     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HENGAN INTL GROUP CO LTD /HKD/                           | HENGAN INTL GROUP CO LTD /HKD/ 0.00000000                                                 | CUSIP: G4402L151<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    289500 | NS      | $784635.63    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| TIANJIN ZHONGHUAN SEMICO /CNH/                           | TIANJIN ZHONGHUAN SEMICOND-A /CNH/ 0.00000000                                             | CUSIP: Y88171106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4875 | NS      | $5113.67      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COCA-COLA ICECEK AS /TRY/                                | COCA-COLA ICECEK AS /TRY/ 0.00000000                                                      | CUSIP: M2R39A121<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |     16577 | NS      | $20663.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTECH CO LTD /TWD/                                   | ADVANTECH CO LTD /TWD/ 0.00000000                                                         | CUSIP: Y0017P108<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |     12753 | NS      | $144316.23    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PEPKOR HOLDINGS LTD /ZAR/                                | PEPKOR HOLDINGS LTD /ZAR/ 0.00000000                                                      | CUSIP: S60064102<br>LEI: 3789006D677C34F69875 | Long             | EC               | CORP              | ZA        |     74307 | NS      | $120648.77    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MPHASIS LTD /INR/                                        | MPHASIS LTD /INR/ 0.00000000                                                              | CUSIP: Y6144V108<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      3048 | NS      | $91247.29     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LG UPLUS LTD /KRW/                                       | LG UPLUS LTD /KRW/ 0.00000000                                                             | CUSIP: Y5293P102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8928 | NS      | $82618.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA PACIFIC INSURANCE  /HKD/                           | CHINA PACIFIC INSURANCE GR-H /HKD/ 0.00000000                                             | CUSIP: Y1505Z103<br>LEI: 529900BA5ILEL308WX03 | Long             | EC               | CORP              | CN        |     76200 | NS      | $235973.61    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AUROBINDO PHARMA LTD /INR/                               | AUROBINDO PHARMA LTD /INR/ 0.00000000                                                     | CUSIP: Y04527142<br>LEI: 335800G4T2A353RDGM23 | Long             | EC               | CORP              | IN        |      7814 | NS      | $104986.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SDIC CAPITAL CO LTD /CNY/                                | SDIC CAPITAL CO LTD /CNY/ 0.00000000                                                      | CUSIP: Y8045P107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20600 | NS      | $19899.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PRESS METAL ALUMINIUM HO /MYR/                           | PRESS METAL ALUMINIUM HOLDIN /MYR/ 0.00000000                                             | CUSIP: Y7079E103<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |    115400 | NS      | $135933.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALITAS CONTROLADORA SA /MXN/                           | QUALITAS CONTROLADORA SAB CV /MXN/ 0.00000000                                             | CUSIP: P7921H130<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      5595 | NS      | $60003.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIAM CEMENT PCL-NVDR /THB/                               | SIAM CEMENT PCL-NVDR /THB/ 0.00000000                                                     | CUSIP: Y7866P121<br>LEI: 254900RMCZY0X6F2KB70 | Long             | EC               | CORP              | TH        |     23000 | NS      | $116492.30    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASMPT LTD /HKD/                                          | ASMPT LTD /HKD/ 0.00000000                                                                | CUSIP: G0535Q133<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | SG        |     84300 | NS      | $568871.42    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEREPOVETS SEVERSTAL/OFAC FAIL/                         | CHEREPOVETS SEVERSTAL/OFAC FAIL/ 0.00000000                                               | CUSIP: X7805W105<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |      5523 | NS      | $55.23        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ALROSA CO/OFAC FAIL/                                     | ALROSA CO 0.00000000                                                                      | CUSIP: X0085A109<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |     64081 | NS      | $640.81       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SCB X PCL-NVDR /THB/                                     | SCB X PCL-NVDR /THB/ 0.00000000                                                           | CUSIP: Y8620D438<br>LEI: 254900TG41KIWX7VDO42 | Long             | EC               | CORP              | TH        |     40500 | NS      | $146153.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GUOYUAN SECURITIES CO LT /CNH/                           | GUOYUAN SECURITIES CO LTD-A /CNH/ 0.00000000                                              | CUSIP: Y0771H102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5900 | NS      | $6174.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HENAN SHUANGHUI INVESTME /CNH/                           | HENAN SHUANGHUI INVESTMENT-A /CNH/ 0.00000000                                             | CUSIP: Y3121R101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5300 | NS      | $17901.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MANILA ELECTRIC COMPANY /PHP/                            | MANILA ELECTRIC COMPANY /PHP/ 0.00000000                                                  | CUSIP: Y5764J148<br>LEI: 254900RDFLCM12O8SK69 | Long             | EC               | CORP              | PH        |      9080 | NS      | $89678.65     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CIPLA LTD /INR/                                          | CIPLA LTD /INR/ 0.00000000                                                                | CUSIP: Y1633P142<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |     15646 | NS      | $267996.12    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CSPC PHARMACEUTICAL GROU /HKD/                           | CSPC PHARMACEUTICAL GROUP LT /HKD/ 0.00000000                                             | CUSIP: Y1837N109<br>LEI: 529900M3XQCW234H8O91 | Long             | EC               | CORP              | CN        |    229120 | NS      | $234921.22    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NINGBO CO LTD -A /CNH/                           | BANK OF NINGBO CO LTD -A /CNH/ 0.00000000                                                 | CUSIP: Y0698G104<br>LEI: 300300C1092133000091 | Long             | EC               | CORP              | CN        |     14790 | NS      | $54761.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AEROPORTUARIO DEL  /MXN/                           | GRUPO AEROPORTUARIO DEL CENT /MXN/ 0.00000000                                             | CUSIP: P49530101<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      7753 | NS      | $95802.01     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LUZHOU LAOJIAO CO LTD-A /CNH/                            | LUZHOU LAOJIAO CO LTD-A /CNH/ 0.00000000                                                  | CUSIP: Y53613108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $32414.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OZON HOLDINGS PLC - ADR /RUB/                            | OZON HOLDINGS PLC - ADR /RUB/ 0.00000000                                                  | CUSIP: 69269L104<br>LEI: 213800GXSI7E5V776B13 | Long             | EC               | CORP              | RU        |      1593 | NS      | $0.21         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MAHINDRA & MAHINDRA LTD /INR/                            | MAHINDRA & MAHINDRA LTD /INR/ 0.00000000                                                  | CUSIP: Y54164150<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |    118616 | NS      | $4121779.76   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| MIDEA GROUP CO LTD-A /CNH/                               | MIDEA GROUP CO LTD-A /CNH/ 0.00000000                                                     | CUSIP: Y6S40V103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    108200 | NS      | $1184643.26   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| WPG HOLDINGS LTD /TWD/                                   | WPG HOLDINGS LTD /TWD/ 0.00000000                                                         | CUSIP: Y9698R101<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     41760 | NS      | $97424.30     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TSINGTAO BREWERY CO LTD- /HKD/                           | TSINGTAO BREWERY CO LTD-H /HKD/ 0.00000000                                                | CUSIP: Y8997D102<br>LEI: 300300OJ7D0Q1ESE8L15 | Long             | EC               | CORP              | CN        |     18000 | NS      | $124587.90    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| YINTAI RESOURCES CO LTD- /CNH/                           | YINTAI RESOURCES CO LTD-A /CNH/ A 0.00000000                                              | CUSIP: Y1584S103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7100 | NS      | $19487.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARABIAN INTERNET & COMMU /SAR/                           | ARABIAN INTERNET & COMMUNICA /SAR/ 0.00000000                                             | CUSIP: M1382U105<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       773 | NS      | $53895.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TERNIUM SA-SPONSORED ADR                                 | TERNIUM SA-SPONSORED ADR 0.00000000                                                       | CUSIP: 880890108<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     21284 | NS      | $582755.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DAQIN RAILWAY CO LTD -A /CNH/                            | DAQIN RAILWAY CO LTD -A /CNH/ 0.00000000                                                  | CUSIP: Y1997H108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     21700 | NS      | $20320.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITAUSA SA /BRL/                                          | ITAUSA SA /BRL/ 0.00000000                                                                | CUSIP: P5887P427<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    155164 | NS      | $300646.53    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIS BHD /MYR/                                          | MAXIS BHD /MYR/ 0.00000000                                                                | CUSIP: Y58460109<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     57900 | NS      | $48021.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LT /HKD/                           | ALIBABA GROUP HOLDING LTD /HKD/ 0.00000000                                                | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |    736676 | NS      | $10552617.42  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| QATAR NATIONAL BANK /QAR/                                | QATAR NATIONAL BANK /QAR/ 0.00000000                                                      | CUSIP: M81802106<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |    133971 | NS      | $621736.13    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BBB FOODS INC-CLASS A                                    | BBB FOODS INC-CLASS A 0.00000000                                                          | CUSIP: G0896C103<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     21000 | NS      | $606060.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHONGJI INNOLIGHT CO LTD /CNH/                           | ZHONGJI INNOLIGHT CO LTD A     /CNH/ 0.00000000                                           | CUSIP: Y7685V101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1820 | NS      | $23661.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG FIRE & MARINE IN /KRW/                           | SAMSUNG FIRE & MARINE INS /KRW/ 0.00000000                                                | CUSIP: Y7473H108<br>LEI: 988400JMBDK47EW0Z936 | Long             | EC               | CORP              | KR        |       871 | NS      | $255479.51    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDONG WEIGAO GP MEDIC /HKD/                           | SHANDONG WEIGAO GP MEDICAL-H /HKD/ 0.00000000                                             | CUSIP: Y76810103<br>LEI: 5299005WQUU15JQU8S60 | Long             | EC               | CORP              | CN        |     62400 | NS      | $44367.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIENT SECURITIES CO LTD /CNH/                           | ORIENT SECURITIES CO LTD-A /CNH/ 0.00000000                                               | CUSIP: Y6S79P100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14464 | NS      | $18735.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RAILWAY GROUP LTD- /CNY/                           | CHINA RAILWAY GROUP LTD-A      /CNY/ 0.00000000                                           | CUSIP: Y1509D108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     27800 | NS      | $21571.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGDONG HAID GROUP CO- /CNH/                           | GUANGDONG HAID GROUP CO-A      /CNH/ 0.00000000                                           | CUSIP: Y29255109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2200 | NS      | $18488.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA TOURISM GROUP DUTY  /CNH/                          | CHINA TOURISM GROUP DUTY FREE CORP LTD - A   /CNH/ 0.00000000                             | CUSIP: Y149A3100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2535 | NS      | $21290.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KEI INDUSTRIES LTD /INR/                                 | KEI INDUSTRIES LTD /INR/ 0.00000000                                                       | CUSIP: Y4640F123<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |     21500 | NS      | $907901.99    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TINGYI (CAYMAN ISLN) HLD /HKD/                           | TINGYI (CAYMAN ISLN) HLDG CO /HKD/ 0.00000000                                             | CUSIP: G8878S103<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | CN        |    850000 | NS      | $1392984.14   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| HCL TECHNOLOGIES LTD /INR/                               | HCL TECHNOLOGIES LTD /INR/ 0.00000000                                                     | CUSIP: Y3121G147<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |     27685 | NS      | $529960.78    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ALINMA BANK /SAR/                                        | ALINMA BANK /SAR/ 0.00000000                                                              | CUSIP: M0R35G100<br>LEI: 558600HPAUTN6XSVBK93 | Long             | EC               | CORP              | SA        |     35531 | NS      | $245438.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAHARA INTERNATIONAL PET /SAR/                           | SAHARA INTERNATIONAL PETROCHEMICAL CO /SAR/ 0.00000000                                    | CUSIP: M8257M100<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      8982 | NS      | $45262.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JA SOLAR TECHNOLOGY CO L /CNH/                           | JA SOLAR TECHNOLOGY CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y7163W100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4116 | NS      | $5205.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASIA CEMENT CORP /TWD/                                   | ASIA CEMENT CORP /TWD/ 0.00000000                                                         | CUSIP: Y0275F107<br>LEI: 213800EFQXH43HMGJL59 | Long             | EC               | CORP              | TW        |     59000 | NS      | $81850.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EAST MONEY INFORMATION C /CNH/                           | EAST MONEY INFORMATION CO-A    /CNH/ 0.00000000                                           | CUSIP: Y2234B102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     27025 | NS      | $77378.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HUADONG MEDICINE CO LTD- /CNH/                           | HUADONG MEDICINE CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y3041X105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1694 | NS      | $10494.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GALAXY SECURITIES  /HKD/                           | CHINA GALAXY SECURITIES CO-H /HKD/ 0.00000000                                             | CUSIP: Y1R92J109<br>LEI: 3003008KFQXO06OK8582 | Long             | EC               | CORP              | CN        |     98500 | NS      | $95240.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK NEGARA INDO /IDR                                    | BANK NEGARA INDO                IDR7500 /IDR/ 0.00000000                                  | CUSIP: Y74568166<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   4983800 | NS      | $1368846.92   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NANJING CO LTD - /CNY/                           | BANK OF NANJING CO LTD -A     /CNY/ 0.00000000                                            | CUSIP: Y0698E109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16600 | NS      | $26405.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IHH HEALTHCARE BHD /MYR/                                 | IHH HEALTHCARE BHD /MYR/ 0.00000000                                                       | CUSIP: Y374AH103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     64800 | NS      | $105047.83    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| QL RESOURCES BHD /MYR/                                   | QL RESOURCES BHD /MYR/ 0.00000000                                                         | CUSIP: Y7171B106<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     47250 | NS      | $49919.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZYDUS LIFESCIENCES LTD /INR/                             | ZYDUS LIFESCIENCES LTD /INR/ 0.00000000                                                   | CUSIP: Y1R73U123<br>LEI: 335800R9O14ORBXLPN13 | Long             | EC               | CORP              | IN        |      7268 | NS      | $78654.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TELEFONICA BRASIL S.A. /BRL/                             | TELEFONICA BRASIL S.A. /BRL/ 0.00000000                                                   | CUSIP: P9T369176<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |     24801 | NS      | $124299.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H WORLD GROUP LTD-ADR                                    | H WORLD GROUP LTD-ADR 0.00000000                                                          | CUSIP: 44332N106<br>LEI: 549300Y5ML31FVN83730 | Long             | EC               | CORP              | CN        |     17542 | NS      | $618706.34    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INPOST SA /EUR/                                          | INPOST SA /EUR/ 0.00000000                                                                | CUSIP: L5125Z108<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | PL        |     77500 | NS      | $1274901.56   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NINGBO SANXING ELECTRIC  /CNY/                           | NINGBO SANXING ELECTRIC CO-A /CNY/ 0.00000000                                             | CUSIP: Y6298G105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4500 | NS      | $13747.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YTL POWER WT EX 12/31/49 /MYR/                           | YTL POWER INTERNATIONAL WRTS  WARRANTS EXP 12/31/49 /MYR/ 0.00000000                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | MY        |     12260 | NS      | $2160.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ALUMINUM CORP OF CHINA L /HKD/                           | ALUMINUM CORP OF CHINA LTD-H /HKD/ 0.00000000                                             | CUSIP: Y0094N109<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |    102000 | NS      | $58977.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG EXPRESSWAY CO-H /HKD/                           | ZHEJIANG EXPRESSWAY CO-H /HKD/ 0.00000000                                                 | CUSIP: Y9891F102<br>LEI: 213800X1ZRKM85U9H438 | Long             | EC               | CORP              | CN        |     61680 | NS      | $48766.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS INC /TWD/                              | DELTA ELECTRONICS INC /TWD/ 0.00000000                                                    | CUSIP: Y20263102<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    211000 | NS      | $2602760.38   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR CO /KRW/                                   | HYUNDAI MOTOR CO /KRW/ 0.00000000                                                         | CUSIP: Y38472109<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |      4124 | NS      | $549962.01    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LTD-SPON ADR                                  | ICICI BANK LTD-SPON ADR 0.00000000                                                        | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    202725 | NS      | $6941304.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNDSUN  TECHNOLOGIES IN /CNY/                           | HUNDSUN  TECHNOLOGIES INC-A /CNY/ 0.00000000                                              | CUSIP: Y3041V109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3785 | NS      | $13750.05     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VK IPJSC /RUB/                                           | VK IPJSC /RUB/ 0.00000000                                                                 | CUSIP: 560317208<br>LEI: 2138009IXUP41SPL5B50 | Long             | EC               | CORP              | RU        |      2330 | NS      | $0.30         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LG CORP /KRW/                                            | LG CORP /KRW/ 0.00000000                                                                  | CUSIP: Y52755108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2541 | NS      | $130606.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HAINAN AIRPORT INFRASTRU /CNH/                           | HAINAN AIRPORT INFRASTRUCT-A /CNH/ 0.00000000                                             | CUSIP: Y2982H103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     29200 | NS      | $13945.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUATAI SECURITIES CO LTD /HKD/                           | HUATAI SECURITIES CO LTD-H /HKD/ 144A 0.00000000                                          | CUSIP: Y37426114<br>LEI: 3003009ABT0UCWO79Q77 | Long             | EC               | CORP              | CN        |     35800 | NS      | $60202.91     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| YUNNAN BAIYAO GROUP CO L /CNH/                           | YUNNAN BAIYAO GROUP CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y9879F108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5000 | NS      | $39199.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TRAVELSKY TECHNOLOGY /HKD/-H                             | TRAVELSKY TECHNOLOGY LTD /HKD/  H SHARES 0.00000000                                       | CUSIP: Y8972V101<br>LEI: 5299007TAWP4DZ6QFG73 | Long             | EC               | CORP              | CN        |     25000 | NS      | $35587.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CANARA BANK /INR/                                        | CANARA BANK /INR/ 0.00000000                                                              | CUSIP: Y1081F125<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     47609 | NS      | $63907.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NEDBANK GROUP LTD /ZAR/                                  | NEDBANK GROUP LTD /ZAR/ 0.00000000                                                        | CUSIP: S5518R104<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |    104444 | NS      | $1485405.71   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| BAJAJ FINANCE LTD /INR/                                  | BAJAJ FINANCE LTD /INR/ 0.00000000                                                        | CUSIP: Y0547D112<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      8048 | NS      | $860511.65    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| UNI-PRESIDENT ENTERPRISE /TWD/                           | UNI-PRESIDENT ENTERPRISES CO /TWD/ 0.00000000                                             | CUSIP: Y91475106<br>LEI: 254900DAXBDMVEXU5959 | Long             | EC               | CORP              | TW        |    140000 | NS      | $369136.41    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CHANG HWA COMMERCIAL BANK  /TWD/                         | CHANG HWA COMMERCIAL BANK  /TWD/ 0.00000000                                               | CUSIP: Y1293J105<br>LEI: 549300FHFNGCSKDTHT42 | Long             | EC               | CORP              | TW        |    174630 | NS      | $105758.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRAB HOLDINGS LTD - CL A                                 | GRAB HOLDINGS LTD - CL A 0.00000000                                                       | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |    104000 | NS      | $506480.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF THE PHILIPPINE I /PHP/                           | BANK OF THE PHILIPPINE ISLAN /PHP/ 0.00000000                                             | CUSIP: Y0967S169<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |     62306 | NS      | $154314.42    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LARSEN & TOUBRO LTD /INR/                                | LARSEN & TOUBRO LTD /INR/ 0.00000000                                                      | CUSIP: Y5217N159<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     33967 | NS      | $1460016.72   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| XPENG INC - CLASS A SHAR /HKD/                           | XPENG INC - CLASS A SHARES /HKD/ 0.00000000                                               | CUSIP: G982AW100<br>LEI: 549300TZNMIREMWQU857 | Long             | EC               | CORP              | CN        |     36422 | NS      | $351554.23    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| OUTSURANCE GROUP LTD /ZAR/                               | OUTSURANCE GROUP LTD /ZAR/ 0.00000000                                                     | CUSIP: S6815J126<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |     23929 | NS      | $101068.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA /EUR/                                            | OPAP SA /EUR/ 0.00000000                                                                  | CUSIP: X3232T104<br>LEI: 213800M4NRGFJCI34834 | Long             | EC               | CORP              | GR        |     32494 | NS      | $699931.42    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HENAN SHENHUO COAL & POW /CNH/                           | HENAN SHENHUO COAL & POWER-A /CNH/ 0.00000000                                             | CUSIP: Y3122G104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1600 | NS      | $3667.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WEICHAI POWER CO LTD-H /HKD/                             | WEICHAI POWER CO LTD-H /HKD/ 0.00000000                                                   | CUSIP: Y9531A109<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |    717200 | NS      | $1393904.66   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF COMMUNICATIONS C /CNH/                           | BANK OF COMMUNICATIONS CO-A /CNH/ 0.00000000                                              | CUSIP: Y06988110<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |     75700 | NS      | $79736.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DOOSAN ENERBILITY CO LTD /KRW/                           | DOOSAN ENERBILITY CO LTD /KRW/ 0.00000000                                                 | CUSIP: Y2102C109<br>LEI: 988400TK5NA3GLSTN506 | Long             | EC               | CORP              | KR        |     12898 | NS      | $376877.83    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA ZHESHANG BANK CO L /CNH/                           | CHINA ZHESHANG BANK CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y1R658114<br>LEI: 300300C1031633000208 | Long             | EC               | CORP              | CN        |     52390 | NS      | $23415.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| POSTAL SAVINGS BANK OF C /CNH/                           | POSTAL SAVINGS BANK OF CHI-A /CNH/ 0.00000000                                             | CUSIP: Y6988Z108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     45300 | NS      | $33513.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHUI JIANGHUAI AUTO CO- /CNH/                           | ANHUI JIANGHUAI AUTO CO-A /CNH/ 0.00000000                                                | CUSIP: Y0141C106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3500 | NS      | $18554.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC LTD /INR/                                           | NHPC LTD /INR/ 0.00000000                                                                 | CUSIP: Y6268G101<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    103946 | NS      | $106283.52    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HUA HONG SEMICONDUCTOR L /HKD/                           | HUA HONG SEMICONDUCTOR LTD /HKD/ 144A 0.00000000                                          | CUSIP: Y372A7109<br>LEI: 529900OXH3ZYLIMGB907 | Long             | EC               | CORP              | CN        |     21000 | NS      | $84198.04     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHINA MERCHANTS EXPRESSW /CNH/                           | CHINA MERCHANTS EXPRESSWAY-A /CNH/ 0.00000000                                             | CUSIP: Y1504Y107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13200 | NS      | $23204.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GUOLIAN SECURITIES CO LT /CNH/                           | GUOLIAN SECURITIES CO LTD-A /CNH/ 0.00000000                                              | CUSIP: Y2960K110<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3800 | NS      | $5228.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LITE-ON TECHNOLOGY CORP /TWD/                            | LITE-ON TECHNOLOGY CORP /TWD/ 0.00000000                                                  | CUSIP: Y5313K109<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |     59264 | NS      | $199062.09    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO HOLDINGS INC /KRW/                                 | POSCO HOLDINGS INC /KRW/ 0.00000000                                                       | CUSIP: Y70750115<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |      2083 | NS      | $378660.05    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS THAI-NVDR   /THB/                      | DELTA ELECTRONICS THAI-NVDR /THB/ 0.00000000                                              | CUSIP: Y20266121<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     86600 | NS      | $273229.96    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE BANK OF INDIA /INR/                                | STATE BANK OF INDIA /INR/ 0.00000000                                                      | CUSIP: Y8155P103<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     52302 | NS      | $496884.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HANJIN KAL CORP /KRW/                                    | HANJIN KAL CORP /KRW/ 0.00000000                                                          | CUSIP: Y3053L106<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       699 | NS      | $71526.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CEZ AS /CZK/                                             | CEZ AS /CZK/ 0.00000000                                                                   | CUSIP: X2337V121<br>LEI: N/A                  | Long             | EC               | CORP              | CZ        |      4692 | NS      | $258265.92    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA FIBERGLASS CO LTD- /CNY/                           | CHINA FIBERGLASS CO LTD-A /CNY/ 0.00000000                                                | CUSIP: Y5642X103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7200 | NS      | $11283.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNNY OPTICAL TECH /HKD/                                 | SUNNY OPTICAL TECH /HKD/ 0.00000000                                                       | CUSIP: G8586D109<br>LEI: 3003004QIVP0DFVVWM94 | Long             | EC               | CORP              | CN        |     20200 | NS      | $154506.49    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AL RAJHI CO FOR CO-OPERA /SAR/                           | AL RAJHI CO FOR CO-OPERATIVE /SAR/ 0.00000000                                             | CUSIP: M0857QAA0<br>LEI: 558600VHM09JP5WQFN39 | Long             | EC               | CORP              | SA        |       870 | NS      | $26278.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YANG MING MARINE TRANSPO /TWD/                           | YANG MING MARINE TRANSPORT /TWD/ 0.00000000                                               | CUSIP: Y9729D105<br>LEI: 254900WG2ACWNVSP6E13 | Long             | EC               | CORP              | TW        |     48000 | NS      | $126786.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GREE ELECTRIC APPLIANCES /CNH/                           | GREE ELECTRIC APPLIANCES I-A /CNH/ 0.00000000                                             | CUSIP: Y9890H109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    104400 | NS      | $671922.16    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ORLEN SA /PLN/                                           | ORLEN SA /PLN/ 0.00000000                                                                 | CUSIP: X6922W204<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |     17948 | NS      | $352796.52    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| JOLLIBEE FOODS CORP /PHP/                                | JOLLIBEE FOODS CORP /PHP/ 0.00000000                                                      | CUSIP: Y4466S100<br>LEI: 2138009XN3KTAAKUPR35 | Long             | EC               | CORP              | PH        |     14290 | NS      | $57235.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGZHOU BAIYUNSHAN PHA /CNY/                           | GUANGZHOU BAIYUNSHAN PHAR-A /CNY/ 0.00000000                                              | CUSIP: Y2932P114<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2600 | NS      | $9755.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYAN BANKING BHD /MYR/                                | MALAYAN BANKING BHD /MYR/ 0.00000000                                                      | CUSIP: Y54671105<br>LEI: 5493004OT3TOY404V310 | Long             | EC               | CORP              | MY        |    157209 | NS      | $360195.31    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HARMONY GOLD MINING CO L /ZAR/                           | HARMONY GOLD MINING CO LTD /ZAR/ 0.00000000                                               | CUSIP: S34320101<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     16967 | NS      | $245230.58    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS PORT HOLD/HKD/                           | CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 0.00000000                                  | CUSIP: Y1489Q103<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     29538 | NS      | $56827.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| POLY DEVELOPMENTS AND HO /CNH/                           | POLY DEVELOPMENTS AND HOLDINGS GROUP CO LTD -A /CNH/ 0.00000000                           | CUSIP: Y6987R107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     18000 | NS      | $20294.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMVARDHANA MOTHERSON /INR/                              | SAMVARDHANA MOTHERSON INTERNATIONAL LIMITED /INR/ 0.00000000                              | CUSIP: Y6139B141<br>LEI: 335800C7BQ19CKG8GH63 | Long             | EC               | CORP              | IN        |     88201 | NS      | $157562.70    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN GROUP LTD /ZAR/                                      | MTN GROUP LTD /ZAR/ 0.00000000                                                            | CUSIP: S8039R108<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |     48230 | NS      | $335202.63    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTE CORP-H /HKD/                                         | ZTE CORP-H /HKD/ 0.00000000                                                               | CUSIP: Y0004F105<br>LEI: 3003004FBGVVG1CW5U45 | Long             | EC               | CORP              | CN        |     18000 | NS      | $50208.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SK SQUARE CO LTD /KRW/                                   | SK SQUARE CO LTD /KRW/ 0.00000000                                                         | CUSIP: Y8T6X4107<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2816 | NS      | $234130.41    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENNAN CIRCUITS CO LTD /CNH/                            | SHENNAN CIRCUITS CO LTD A      /CNH/ 0.00000000                                           | CUSIP: Y774D3102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1638 | NS      | $19158.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GIANT BIOGENE HOLDING CO /HKD/                           | GIANT BIOGENE HOLDING CO LTD /HKD/ 144A 0.00000000                                        | CUSIP: G3887G109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10400 | NS      | $93596.15     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHONGQING RURAL COMMERCI /CNH/                           | CHONGQING RURAL COMMERCIAL-A /CNH/ 0.00000000                                             | CUSIP: Y1594G115<br>LEI: 300300C1126750000027 | Long             | EC               | CORP              | CN        |     28000 | NS      | $28188.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE SAUDI FRANSI /SAR/                                | BANQUE SAUDI FRANSI /SAR/ 0.00000000                                                      | CUSIP: M1R177100<br>LEI: 558600N07EDF4ATYR106 | Long             | EC               | CORP              | SA        |     36408 | NS      | $167216.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA LTD /INR/                                        | VEDANTA LTD /INR/ 0.00000000                                                              | CUSIP: Y9364D105<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     41844 | NS      | $213197.73    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TOFAS TURK OTOMOBIL FABR /TRY/                           | TOFAS TURK OTOMOBIL FABRIKA /TRY/ 0.00000000                                              | CUSIP: M87892101<br>LEI: 789000YSTNETKLRWHT29 | Long             | EC               | CORP              | TR        |     57900 | NS      | $262077.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA LITERATURE LTD /HKD/                               | CHINA LITERATURE LTD /HKD/ 144A 0.00000000                                                | CUSIP: G2121R103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8800 | NS      | $29876.78     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK OF COMMUNICATIONS C /HKD/                           | BANK OF COMMUNICATIONS CO-H /HKD/ 0.00000000                                              | CUSIP: Y06988102<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |    259000 | NS      | $226095.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPRO CO LTD /KRW/                                      | ECOPRO CO LTD /KRW/ 0.00000000                                                            | CUSIP: Y22458106<br>LEI: 9884006OCHPD0V2O6P20 | Long             | EC               | CORP              | KR        |      2991 | NS      | $92081.52     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NU HOLDINGS LTD/CAYMAN ISL-A                             | NU HOLDINGS LTD/CAYMAN ISL-A 0.00000000                                                   | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |    127216 | NS      | $1527864.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JABAL OMAR DEVELOPMENT C /SAR/                           | JABAL OMAR DEVELOPMENT CO /SAR/ 0.00000000                                                | CUSIP: M6100A109<br>LEI: 558600N159FYHBGJD214 | Long             | EC               | CORP              | SA        |      5255 | NS      | $30088.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG LIFE INSURANCE C /KRW/                           | SAMSUNG LIFE INSURANCE CO LT /KRW/ 0.00000000                                             | CUSIP: Y74860100<br>LEI: 988400VYE6E0WYSM4S92 | Long             | EC               | CORP              | KR        |      2330 | NS      | $166541.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHANGCHUN HIGH & NEW TEC /CNH/                           | CHANGCHUN HIGH & NEW TECH-A /CNH/ 0.00000000                                              | CUSIP: Y1293Q109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2400 | NS      | $34734.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HELLENIC TELECOMMUN ORGA /EUR/                           | HELLENIC TELECOMMUN ORGANIZA /EUR/ 0.00000000                                             | CUSIP: X3258B102<br>LEI: ELPUFM0XZRZO4LFXW404 | Long             | EC               | CORP              | GR        |      4184 | NS      | $80770.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PROLOGIS PROPERTY MEXICO /MXN/                           | PROLOGIS PROPERTY MEXICO SA /MXN/ 0.00000000                                              | CUSIP: P4559M101<br>LEI: N/A                  | Long             | RE               | CORP              | MX        |     28252 | NS      | $107788.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTUNE ELECTRIC CO LTD /TWD/                            | FORTUNE ELECTRIC CO LTD /TWD/ 0.00000000                                                  | CUSIP: Y26168107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5300 | NS      | $80104.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INNER MONGOLIA BAOTOU ST /CNY/                           | INNER MONGOLIA BAOTOU STEE-A /CNY/ 0.00000000                                             | CUSIP: Y40840103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5200 | NS      | $16792.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DAR AL ARKAN REAL ESTATE /SAR/                           | DAR AL ARKAN REAL ESTATE DEV /SAR/ 0.00000000                                             | CUSIP: M2723D109<br>LEI: 558600USX20EGH6LVQ89 | Long             | EC               | CORP              | SA        |     15526 | NS      | $82770.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LG DISPLAY CO LTD /KRW/                                  | LG DISPLAY CO LTD /KRW/ 0.00000000                                                        | CUSIP: Y5255T100<br>LEI: 988400P37K91W0SABO95 | Long             | EC               | CORP              | KR        |      7553 | NS      | $47084.54     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FOXCONN INDUSTRIAL INTER /CNH/                           | FOXCONN INDUSTRIAL INTERNE A   /CNH/ /601138 CH/ 0.00000000                               | CUSIP: Y2620V100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     25800 | NS      | $67848.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG C&T CORP /KRW/                                   | SAMSUNG C&T CORP /KRW/ 0.00000000                                                         | CUSIP: Y7T71K106<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |      2522 | NS      | $272564.08    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HELIOS TOWERS PLC /GBP/                                  | HELIOS TOWERS PLC /GBP/ 0.00000000                                                        | CUSIP: G4431S102<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    600959 | NS      | $973496.90    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| ELETROBRAS PFD REGD B/PNB/BRL/                           | ELETROBRAS PFD REGD B/PNB/BRL/ 0.00000000                                                 | CUSIP: P22854106<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |      5428 | NS      | $44584.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ AUTO LTD /INR/                                     | BAJAJ AUTO LTD /INR/ 0.00000000                                                           | CUSIP: Y05490100<br>LEI: 335800DLAO5NCNN8G863 | Long             | EC               | CORP              | IN        |      1870 | NS      | $188089.61    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HOLDING S- /BRL/                           | ITAU UNIBANCO HOLDING S-PREF /BRL/ 0.00000000                                             | CUSIP: P5968U113<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    319001 | NS      | $2088032.92   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KUNLUN ENERGY CO LTD /HKD/                               | KUNLUN ENERGY CO LTD /HKD/ 0.00000000                                                     | CUSIP: G5320C108<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    116000 | NS      | $115645.11    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTERN SUPERCONDUCTING  /CNN/                           | WESTERN SUPERCONDUCTING TE-A /CNH/ 0.00000000                                             | CUSIP: Y9T35V103<br>LEI: 300300IUC83XEOSKRG67 | Long             | EC               | CORP              | CN        |      2442 | NS      | $16819.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QIFU TECHNOLOGY INC                                      | QIFU TECHNOLOGY INC 0.00000000                                                            | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | CN        |      4321 | NS      | $177593.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMOREPACIFIC CORP /KRW/                                  | AMOREPACIFIC CORP /KRW/ 0.00000000                                                        | CUSIP: Y01258105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       963 | NS      | $93216.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JINDAL STAINLESS LTD /INR/                               | JINDAL STAINLESS LTD /INR/ 0.00000000                                                     | CUSIP: Y44440116<br>LEI: 3358003QFQMSFDO7BP20 | Long             | EC               | CORP              | IN        |      8783 | NS      | $66247.16     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DR. REDDY'S LABORATORIES /INR/                           | DR. REDDY'S LABORATORIES /INR/ 0.00000000                                                 | CUSIP: Y21089191<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |     17745 | NS      | $259478.06    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS CHEMICALS GROUP /MYR/                           | PETRONAS CHEMICALS GROUP BHD /MYR/ 0.00000000                                             | CUSIP: Y6811G103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     72100 | NS      | $57946.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SONA BLW PRECISION FORGI /INR/                           | SONA BLW PRECISION FORGINGS /INR/ 144A 0.00000000                                         | CUSIP: Y8T725106<br>LEI: 335800LEL76GE6551Q27 | Long             | EC               | CORP              | IN        |     12906 | NS      | $82129.77     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALIBABA HEALTH INFORMATI /HKD/                           | ALIBABA HEALTH INFORMATION T /HKD/ 0.00000000                                             | CUSIP: G0171K101<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    164000 | NS      | $93869.10     | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| HINDUSTAN AERONAUTICS LT /INR/                           | HINDUSTAN AERONAUTICS LTD /INR/ REG S 0.00000000                                          | CUSIP: Y3199R124<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      5612 | NS      | $326535.90    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING KUNLUN TECH CO L /CNH/                           | BEIJING KUNLUN TECH CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y0R7Z5109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2800 | NS      | $12920.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MONTAGE TECHNOLOGY CO LT /CNH/                           | MONTAGE TECHNOLOGY CO LTD-A /CNH/ 0.00000000                                              | CUSIP: Y6S3M5108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1749 | NS      | $18536.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NINGBO TUOPU GROUP CO LT /CNH/                           | NINGBO TUOPU GROUP CO LTD-A /CNH/ 0.00000000                                              | CUSIP: Y62990109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4160 | NS      | $28359.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DIAGNOSTYKA SA /PLN/                                     | DIAGNOSTYKA SA /PLN/ 0.00000000                                                           | CUSIP: X1876Y116<br>LEI: N/A                  | Long             | EC               | CORP              | PL        |     10200 | NS      | $460075.83    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF KUWAIT /KWD/                            | NATIONAL BANK OF KUWAIT /KWD/ 0.00000000                                                  | CUSIP: M7103V108<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |    239956 | NS      | $748763.92    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GULF BANK /KWD/                                          | GULF BANK /KWD/ 0.00000000                                                                | CUSIP: M5246Y104<br>LEI: 254900600P224MZQZD69 | Long             | EC               | CORP              | KW        |     51115 | NS      | $55699.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HUIZHOU DESAY SV AUTOMOT /CNH/                           | HUIZHOU DESAY SV AUTOMOTIV-A /CNH/ 0.00000000                                             | CUSIP: Y374EM108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1000 | NS      | $15289.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HENGTONG OPTIC-ELECTRIC  /CNH/                           | HENGTONG OPTIC-ELECTRIC CO-A /CNH/ 0.00000000                                             | CUSIP: Y4447C109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8200 | NS      | $17008.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WENS FOODSTUFFS GROUP CO /CNH/                           | WENS FOODSTUFFS GROUP CO - A /CNH/ 0.00000000                                             | CUSIP: Y2R30P108<br>LEI: 3003005O7DXT61IXLJ96 | Long             | EC               | CORP              | CN        |      7640 | NS      | $17654.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERGISA SA-UNITS /BRL/                                  | ENERGISA SA-UNITS /BRL/ 0.00000000                                                        | CUSIP: P3769S114<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      8764 | NS      | $72798.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIGROUP GUOXIN CO LTD-A /CNH/                           | UNIGROUP GUOXIN CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y8488J105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       979 | NS      | $8668.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERSISTENT SYSTEMS LTD /INR/                             | PERSISTENT SYSTEMS LTD /INR/ 0.00000000                                                   | CUSIP: Y68031122<br>LEI: 3358006QYD77Z66S1J89 | Long             | EC               | CORP              | IN        |      3171 | NS      | $209147.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAROEN POKPHAND FOODS-N /THB/                           | CHAROEN POKPHAND FOODS-NVDR /THB/ 0.00000000                                              | CUSIP: Y1295E138<br>LEI: 529900FJ3AI2GKGIWK15 | Long             | EC               | CORP              | TH        |    118200 | NS      | $88156.15     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS BANK-H /HKD/                             | CHINA MERCHANTS BK /HKD/ 0.00000000                                                       | CUSIP: Y14896115<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |   1055891 | NS      | $6552603.78   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS CMPC SA /CLP/                                   | EMPRESAS CMPC SA /CLP/ 0.00000000                                                         | CUSIP: P3712V107<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |     32401 | NS      | $51767.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL CHILE SA /CLP/                                      | ENEL CHILE SA /CLP/ 0.00000000                                                            | CUSIP: P3762G109<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |    564409 | NS      | $40967.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INGENIC SEMICONDUCTOR CO /CNH/                           | INGENIC SEMICONDUCTOR CO -A /CNH/ 0.00000000                                              | CUSIP: Y4088K105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       800 | NS      | $7048.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIAL BANK OF KOREA /KRW/                           | INDUSTRIAL BANK OF KOREA /KRW/ 0.00000000                                                 | CUSIP: Y3994L108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7385 | NS      | $84142.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES SANJIU M /CNH/                           | CHINA RESOURCES SANJIU MED-A /CNH/ 0.00000000                                             | CUSIP: Y7503B105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3720 | NS      | $22155.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO FINANCIERO GALICIA-ADR                             | GRUPO FINANCIERO GALICIA-ADR 0.00000000                                                   | CUSIP: 399909100<br>LEI: 5299008H3AXIXV5G3C23 | Long             | EC               | CORP              | AR        |      8500 | NS      | $493425.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROCHINA CO LTD H /HKD/                                | PETROCHINA CO LTD H /HKD/ 0.00000000                                                      | CUSIP: Y6883Q104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    608000 | NS      | $510604.93    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU ZHONGTIAN TECHNO /CNY/                           | JIANGSU ZHONGTIAN TECHNOLO-A   /CNY/ 0.00000000                                           | CUSIP: Y4443Z102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6200 | NS      | $11414.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNION BANK OF INDIA /INR/                                | UNION BANK OF INDIA /INR/ 0.00000000                                                      | CUSIP: Y90885115<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     37122 | NS      | $63832.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG DAHUA TECHNOLOG /CNH/                           | ZHEJIANG DAHUA TECHNOLOGY-A /CNH/ 0.00000000                                              | CUSIP: Y988AP102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6400 | NS      | $13485.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CENCOSUD SA /CLP/                                        | CENCOSUD SA /CLP/ 0.00000000                                                              | CUSIP: P2205J100<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |     33447 | NS      | $115238.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| POU CHEN /TWD/                                           | POU CHEN /TWD/ 0.00000000                                                                 | CUSIP: Y70786101<br>LEI: 25490027LIXQ7W4PBH18 | Long             | EC               | CORP              | TW        |     63000 | NS      | $65086.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL-NVDR /THB/                              | KASIKORNBANK PCL-NVDR /THB/ 0.00000000                                                    | CUSIP: Y4591R126<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |     27000 | NS      | $126629.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NIEN MADE ENTERPRISE CO  /TWD/                           | NIEN MADE ENTERPRISE CO LTD /TWD/ 0.00000000                                              | CUSIP: Y6349P112<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5000 | NS      | $71842.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TECH MAHINDRA LTD /INR/                                  | TECH MAHINDRA LTD /INR/ 0.00000000                                                        | CUSIP: Y85491127<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |     14873 | NS      | $273661.36    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA COAL ENERGY CO-H /HKD/                             | CHINA COAL ENERGY CO-H /HKD/ 0.00000000                                                   | CUSIP: Y1434L100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     61000 | NS      | $68201.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| XINJIANG GOLDWIND SCI&TE /CNH/                           | XINJIANG GOLDWIND SCI&TECH-A /CNH/ 0.00000000                                             | CUSIP: Y97237104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2700 | NS      | $3467.16      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UPL LTD /INR/                                            | UPL LTD /INR/ 0.00000000                                                                  | CUSIP: Y9305P100<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |    156978 | NS      | $1153785.06   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK OF RUSSIA /USD/OFAC FAIL/                       | SBERBANK OF RUSSIA /USD/OFAC FAIL/ 0.00000000                                             | CUSIP: X76317100<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    891342 | NS      | $8913.42      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TALABAT HOLDING PLC /AED/                                | TALABAT HOLDING PLC /AED/ 0.00000000                                                      | CUSIP: M8765Z106<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   2540500 | NS      | $995892.60    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| RICHTER GEDEON NYRT /HUF/                                | RICHTER GEDEON NYRT /HUF/ 0.00000000                                                      | CUSIP: X3124S107<br>LEI: 549300J6ZJW5IH4WEE46 | Long             | EC               | CORP              | HU        |      3969 | NS      | $115551.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD /INR/                                  | BHARTI AIRTEL LTD /INR/ 0.00000000                                                        | CUSIP: Y0885K108<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |     74057 | NS      | $1606762.86   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT FORGE LTD /INR/                                   | BHARAT FORGE LTD /INR/ 0.00000000                                                         | CUSIP: Y08825179<br>LEI: 3358009U5Z2BU2X3L230 | Long             | EC               | CORP              | IN        |      7210 | NS      | $104514.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| C&D INTERNATIONAL INVEST /HKD/                           | C&D INTERNATIONAL INVESTMENT /HKD/ 0.00000000                                             | CUSIP: G3165D109<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     28000 | NS      | $50020.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WUXI APPTEC CO LTD-H /HKD/                               | WUXI APPTEC CO LTD-H /HKD/ 144A 0.00000000                                                | CUSIP: Y971B1118<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8748 | NS      | $76081.43     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KOREA ELECTRIC POWER COR /KRW/                           | KOREA ELECTRIC POWER CORP /KRW/ 0.00000000                                                | CUSIP: Y48406105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7152 | NS      | $157246.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BID CORP LTD /ZAR/                                       | BID CORP LTD /ZAR/ 0.00000000                                                             | CUSIP: S11881109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |      9385 | NS      | $249040.90    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| THE SAUDI NATIONAL BANK /SAR/                            | THE SAUDI NATIONAL BANK /SAR/ 0.00000000                                                  | CUSIP: M7S2CL107<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    136939 | NS      | $1269905.89   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| LOCALIZA RENT A CAR /BRL/                                | LOCALIZA RENT A CAR /BRL/ 0.00000000                                                      | CUSIP: P6330Z111<br>LEI: 984500C442A7E0CD4D11 | Long             | EC               | CORP              | BR        |    161083 | NS      | $1210150.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GENSCRIPT BIOTECH CORP /HKD/                             | GENSCRIPT BIOTECH CORP /HKD/ 0.00000000                                                   | CUSIP: G3825B105<br>LEI: 529900YIYUOJOXSAE372 | Long             | EC               | CORP              | CN        |     26000 | NS      | $42163.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EASTERN COMPANY TOBACCO /EGP/                            | EASTERN COMPANY TOBACCO /EGP/ 0.00000000                                                  | CUSIP: M2932V106<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |     30598 | NS      | $20507.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC ASSET MANAGEMENT CO /INR/                           | HDFC ASSET MANAGEMENT CO LTD /INR/ 144A 0.00000000                                        | CUSIP: Y3R1AG299<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      2494 | NS      | $139799.12    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LENS TECHNOLOGY CO LTD-A /CNH/                           | LENS TECHNOLOGY CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y5227A106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9000 | NS      | $25211.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S F HOLDING CO LTD-A /CNH/                               | S F HOLDING CO LTD-A /CNH/ 0.00000000                                                     | CUSIP: Y5349E101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7700 | NS      | $49204.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NMDC LTD /INR/                                           | NMDC LTD /INR/ 0.00000000                                                                 | CUSIP: Y6223W100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    106309 | NS      | $88506.35     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AYALA CORPORATION /PHP/                                  | AYALA CORPORATION /PHP/ 0.00000000                                                        | CUSIP: Y0486V115<br>LEI: 254900QJ68UH8GKNGI69 | Long             | EC               | CORP              | PH        |      7250 | NS      | $75481.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER FINANCE CORPORATIO /INR/                           | POWER FINANCE CORPORATION /INR/ 0.00000000                                                | CUSIP: Y7082R109<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     42380 | NS      | $201598.16    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WILL SEMICONDUCTOR LTD-A /CNH/                           | WILL SEMICONDUCTOR LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y9584K103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1620 | NS      | $27986.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XIAOMI CORP-CLASS B /HKD/                                | XIAOMI CORP-CLASS B /HKD/ 144A 0.00000000                                                 | CUSIP: G9830T106<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | CN        |    475800 | NS      | $3072476.66   | 0.53%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FOUNDER SECURITIES CO LT /CNY/                           | FOUNDER SECURITIES CO LTD-A /CNY/ 0.00000000                                              | CUSIP: Y261GX101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     17700 | NS      | $18701.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANGKOK DUSIT MED SERVI- /THB/                           | BANGKOK DUSIT MED SERVI-NVDR /THB/ 0.00000000                                             | CUSIP: Y06071131<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    342200 | NS      | $224035.78    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HUAYU AUTOMOTIVE SYSTEMS /CNH/                           | HUAYU AUTOMOTIVE SYSTEMS -A    /CNH/ 0.00000000                                           | CUSIP: Y7680U108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    289199 | NS      | $726703.03    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HITHINK ROYALFLUSH INFOR /CNH/                           | HITHINK ROYALFLUSH INFORMA-A   /CNH/ 0.00000000                                           | CUSIP: Y3181P102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       699 | NS      | $24015.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRUE CORP PCL/NEW-NVDR /THB/                             | TRUE CORP PCL/NEW-NVDR /THB/ 0.00000000                                                   | CUSIP: Y8620E683<br>LEI: 894500HQD71STX0DQK07 | Long             | EC               | CORP              | TH        |    272121 | NS      | $103595.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KOREAN AIR LINES CO LTD /KRW/                            | KOREAN AIR LINES CO LTD /KRW/ 0.00000000                                                  | CUSIP: Y4936S102<br>LEI: 988400C2UFBF4B660C58 | Long             | EC               | CORP              | KR        |      4872 | NS      | $79031.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TENAGA NASIONAL BHD /MYR/                                | TENAGA NASIONAL BHD /MYR/ 0.00000000                                                      | CUSIP: Y85859109<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     81000 | NS      | $266449.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SK INNOVATION CO. LTD                                    | SK INNOVATION CO. LTD 0.00000000                                                          | CUSIP: Y8063L103<br>LEI: 988400PXP70BWVSJVF07 | Long             | EC               | CORP              | KR        |      2022 | NS      | $131029.99    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FAR EASTERN NEW CENTURY CORPORATION /TWD/                | FAR EASTERN NEW CENTURY CORPORATION /TWD/ 0.00000000                                      | CUSIP: Y24374103<br>LEI: 254900CDLU5OS06M6K24 | Long             | EC               | CORP              | TW        |     89000 | NS      | $97043.05     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KT CORP /KRW/                                            | KT CORP /KRW/ 0.00000000                                                                  | CUSIP: Y49915104<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     25138 | NS      | $923505.01    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI M&G STATIONERY  /CNH/                           | SHANGHAI M&G STATIONERY IN-A /CNH/ 0.00000000                                             | CUSIP: Y7689W105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2200 | NS      | $8993.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDONG SUN PAPER INDUS /CNH/                           | SHANDONG SUN PAPER INDUSTR-A   /CNH/ 0.00000000                                           | CUSIP: Y7681V105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6800 | NS      | $13290.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KIMBERLY CLARK DE MEXICO /MXN/                           | KIMBERLY CLARK DE MEXICO S A C V/MXN/ 0.00000000                                          | CUSIP: P60694117<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |    486757 | NS      | $868319.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA MOVIL SAB DE C-S /MXN/                           | AMERICA MOVIL SAB DE C-SER B /MXN/ 0.00000000                                             | CUSIP: P0280A192<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    620688 | NS      | $523217.53    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOENIX MILLS LTD /INR/                                  | PHOENIX MILLS LTD /INR/ 0.00000000                                                        | CUSIP: Y6973B132<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    118085 | NS      | $2128554.28   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| HANGZHOU TIGERMED CONSUL /CNH/                           | HANGZHOU TIGERMED CONSULTI-A /CNH/ 0.00000000                                             | CUSIP: Y3043G100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       400 | NS      | $2751.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN TRANSSION HOLDI /CNY/                           | SHENZHEN TRANSSION HOLDING-A /CNY/ 0.00000000                                             | CUSIP: Y774FC100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1359 | NS      | $13667.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EREGLI DEMIR VE CELIK FA /TRY/                           | EREGLI DEMIR VE CELIK FABRIK /TRY/ 0.00000000                                             | CUSIP: M40710101<br>LEI: 789000VYQF5IDGG49908 | Long             | EC               | CORP              | TR        |     69832 | NS      | $41865.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HINDUSTAN UNILEVER LTD /INR/                             | HINDUSTAN UNILEVER LTD /INR/ 0.00000000                                                   | CUSIP: Y3222L102<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     23786 | NS      | $653007.24    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| KIA CORP /KRW/                                           | KIA CORP /KRW/ 0.00000000                                                                 | CUSIP: Y47601102<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     18134 | NS      | $1166857.41   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA STEEL LTD /INR/                                     | TATA STEEL LTD /INR/ 0.00000000                                                           | CUSIP: Y8547N220<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |    223618 | NS      | $421242.97    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GUOTAI HAITONG SECURITIE /HKD/                           | GUOTAI HAITONG SECURITIES-H /HKD/ 144A 0.00000000                                         | CUSIP: Y2R614115<br>LEI: 300300E1005431000017 | Long             | EC               | CORP              | CN        |     60864 | NS      | $85590.93     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ETERNAL LTD /INR/                                        | ETERNAL LTD /INR/ 0.00000000                                                              | CUSIP: Y9899X105<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    211985 | NS      | $590237.91    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMERCIAL INTERNATIONAL /EGP/                           | COMMERCIAL INTERNATIONAL BAN /EGP/ 0.00000000                                             | CUSIP: M25561107<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |     55480 | NS      | $92373.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REDE D'OR SAO LUIZ SA /BRL/                              | REDE D'OR SAO LUIZ SA /BRL/ 144A 0.00000000                                               | CUSIP: P79942101<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    345417 | NS      | $2282081.39   | 0.39%             |  |  |  | Yes           |                  1 | On Loan: No      |
| EASTROC BEVERAGE GROUP C /CNH/                           | EASTROC BEVERAGE GROUP CO -A /CNH/ 0.00000000                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     33480 | NS      | $1485925.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| LION FINANCE GROUP PLC /GBP/                             | LION FINANCE GROUP PLC /GBP/ 0.00000000                                                   | CUSIP: G0R1NA104<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     26000 | NS      | $2349899.93   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROBRAS - PETROLEO BRA /BRL/                           | PETROBRAS - PETROLEO BRAS /BRL/ 0.00000000                                                | CUSIP: P78331132<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    107510 | NS      | $618731.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC DRILLING CO PJSC /AED/                             | ADNOC DRILLING CO PJSC /AED/ 0.00000000                                                   | CUSIP: M0R81X106<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     96553 | NS      | $137988.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TIANQI LITHIUM INDUSTR I /CNH/                           | TIANQI LITHIUM INDUSTR IND-A /CNH/ 0.00000000                                             | CUSIP: Y79327105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4300 | NS      | $17217.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI BAOSIGHT SOFTWA /CNH/                           | SHANGHAI BAOSIGHT SOFTWARE-A /CNH/ 0.00000000                                             | CUSIP: Y7691Z112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1987 | NS      | $6887.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PGE SA /PLN/                                             | PGE SA /PLN/ 0.00000000                                                                   | CUSIP: X6447Z104<br>LEI: N/A                  | Long             | EC               | CORP              | PL        |     32962 | NS      | $82284.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRST FINANCIAL HOLDING  /TWD/                           | FIRST FINANCIAL HOLDING CO /TWD/ 0.00000000                                               | CUSIP: Y2518F100<br>LEI: 529900BC1U046Q2GUZ64 | Long             | EC               | CORP              | TW        |    313048 | NS      | $280574.64    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HUA NAN FINANCIAL HOLDIN /TWD/                           | HUA NAN FINANCIAL HOLDINGS C /TWD/ 0.00000000                                             | CUSIP: Y3813L107<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    244111 | NS      | $212676.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI LIFE INSURANCE CO LT /INR/                           | SBI LIFE INSURANCE CO LTD /INR/ 144A 0.00000000                                           | CUSIP: Y753N0101<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     12752 | NS      | $270292.59    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PTT PCL-NVDR /THB/                                       | PTT PCL-NVDR /THB/ 0.00000000                                                             | CUSIP: Y6883U121<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    304000 | NS      | $275413.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MBANK SA /PLN/                                           | MBANK SA /PLN/ 0.00000000                                                                 | CUSIP: X521A6104<br>LEI: N/A                  | Long             | EC               | CORP              | PL        |       371 | NS      | $81355.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MABANEE CO KPSC /KWD/                                    | MABANEE CO KPSC /KWD/ 0.00000000                                                          | CUSIP: M6782J113<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     31451 | NS      | $85907.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NONGFU SPRING CO LTD-H /HKD/                             | NONGFU SPRING CO LTD-H /HKD/ 144A 0.00000000                                              | CUSIP: Y6367W106<br>LEI: 300300P08GGT4SKR9G93 | Long             | EC               | CORP              | CN        |     56000 | NS      | $272792.45    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHINA GALAXY SECURITIES  /CNH/                           | CHINA GALAXY SECURITIES CO-A /CNH/ 0.00000000                                             | CUSIP: Y1R92J117<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     12000 | NS      | $26341.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG JINGSHENG MECHA /CNH/                           | ZHEJIANG JINGSHENG MECHANI-A /CNH/ 0.00000000                                             | CUSIP: Y9803K108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1900 | NS      | $7099.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP BANK PLC /HUF/                                       | OTP BANK PLC /HUF/ 0.00000000                                                             | CUSIP: X60746181<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     52646 | NS      | $3996278.53   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| APOLLO HOSPITALS ENTERPR /INR/                           | APOLLO HOSPITALS ENTERPRISE /INR/ 0.00000000                                              | CUSIP: Y0187F138<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     52394 | NS      | $4219006.00   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHANGZHOU PIENTZEHUANG P /CNH/                           | ZHANGZHOU PIENTZEHUANG PHA-A /CNH/ 0.00000000                                             | CUSIP: Y9890Q109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1600 | NS      | $45318.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS GAS BHD /MYR/                                   | PETRONAS GAS BHD /MYR/ 0.00000000                                                         | CUSIP: Y6885J116<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     23900 | NS      | $100851.21    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GUOXUAN HIGH-TECH CO LTD /CNH/                           | GUOXUAN HIGH-TECH CO LTD-A     /CNH/ 0.00000000                                           | CUSIP: Y4439F110<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $6774.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU YUYUE MEDICAL EQ /CNH/                           | JIANGSU YUYUE MEDICAL EQU-A /CNH/ 0.00000000                                              | CUSIP: Y4449E103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3200 | NS      | $16749.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDONG HUALU HENGSHENG /CNH/                           | SHANDONG HUALU HENGSHENG-A /CNH/ 0.00000000                                               | CUSIP: Y76843104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2250 | NS      | $6504.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA COMMUNICATIONS SER /HKD/                           | CHINA COMMUNICATIONS SERVI-H /HKD/ 0.00000000                                             | CUSIP: Y1436A102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     54000 | NS      | $30940.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ROSNEFT OIL CO PJSC                                      | ROSNEFT OIL CO PJSC 0.00000000                                                            | CUSIP: X7394C106<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     28885 | NS      | $288.85       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR-ADR                             | CIA DE MINAS BUENAVENTUR-ADR 0.00000000                                                   | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |      4250 | NS      | $63665.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMUDA BHD /MYR/                                         | GAMUDA BHD /MYR/ 0.00000000                                                               | CUSIP: Y2679X106<br>LEI: 254900RW4N94L9KA9137 | Long             | EC               | CORP              | MY        |    135700 | NS      | $145741.35    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MISC BHD /MYR/                                           | MISC BHD /MYR/ 0.00000000                                                                 | CUSIP: Y6080H105<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     66300 | NS      | $116954.82    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| IDFC FIRST BANK LTD /INR/                                | IDFC FIRST BANK LTD /INR/ 0.00000000                                                      | CUSIP: Y3R5A4107<br>LEI: 335800SBNAPYVT1D2K13 | Long             | EC               | CORP              | IN        |    119973 | NS      | $95386.23     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SK INC /KRW/                                             | SK INC /KRW/ 0.00000000                                                                   | CUSIP: Y8T642129<br>LEI: 988400GMME8AOAFMDK34 | Long             | EC               | CORP              | KR        |      1081 | NS      | $128114.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INNER MONGOLIA YILI INDU /CNY/                           | INNER MONGOLIA YILI INDUS-A    /CNY/ 0.00000000                                           | CUSIP: Y40847108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13600 | NS      | $57141.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA EVERBRIGHT BANK CO /HKD/                           | CHINA EVERBRIGHT BANK CO L-H /HKD/ 0.00000000                                             | CUSIP: Y1477U124<br>LEI: 549300U6PKQ4H1P34E17 | Long             | EC               | CORP              | CN        |    114000 | NS      | $52779.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| REINET INVESTMENTS SCA /ZAR/                             | REINET INVESTMENTS SCA /ZAR/ 0.00000000                                                   | CUSIP: L7925N152<br>LEI: 222100830RQTFVV22S80 | Long             | EC               | CORP              | LU        |      4054 | NS      | $110013.48    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AYALA LAND INC /PHP/                                     | AYALA LAND INC /PHP/ 0.00000000                                                           | CUSIP: Y0488F100<br>LEI: 254900EWT10TQ6DKTV34 | Long             | EC               | CORP              | PH        |    939160 | NS      | $387865.42    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| YUANTA FINANCIAL HOLDING CO LTD /TWD/                    | YUANTA FINANCIAL HOLDING CO LTD /TWD/ 0.00000000                                          | CUSIP: Y2169H108<br>LEI: 21380045JG57LJEFFE13 | Long             | EC               | CORP              | TW        |    309993 | NS      | $321639.38    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CATCHER TECHNOLOGY CO LT /TWD/                           | CATCHER TECHNOLOGY CO LTD /TWD/ 0.00000000                                                | CUSIP: Y1148A101<br>LEI: 5299006PRSCU66N5JF55 | Long             | EC               | CORP              | TW        |     16000 | NS      | $111229.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIAS PENOLES SAB DE CV /MXN/                       | INDUSTRIAS PENOLES SAB DE CV /MXN/ 0.00000000                                             | CUSIP: P55409141<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |      5497 | NS      | $116054.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUST FIBRA UNO /MXN/                                    | TRUST FIBRA UNO /MXN/ 0.00000000                                                          | CUSIP: P3515D163<br>LEI: N/A                  | Long             | RE               | CORP              | MX        |     75717 | NS      | $105870.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MARUTI SUZUKI INDIA LTD /INR/                            | MARUTI SUZUKI INDIA LTD /INR/ 0.00000000                                                  | CUSIP: Y7565Y100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      3672 | NS      | $529685.59    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHAOJIN MINING INDUSTRY  /HKD/                           | ZHAOJIN MINING INDUSTRY - H /HKD/ 0.00000000                                              | CUSIP: Y988A6104<br>LEI: 3003007KU2DRDX06PN04 | Long             | EC               | CORP              | CN        |     49000 | NS      | $123778.03    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO FINANCIERO BANORTE /MXN/                           | GRUPO FINANCIERO BANORTE-O /MXN/ 0.00000000                                               | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    498975 | NS      | $4425363.13   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUDI BASIC INDUSTRIES C /SAR/                           | SAUDI BASIC INDUSTRIES CORP /SAR/ 0.00000000                                              | CUSIP: M8T36U109<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     25470 | NS      | $377385.67    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CJ CHEILJEDANG CORP /KRW/                                | CJ CHEILJEDANG CORP /KRW/ 0.00000000                                                      | CUSIP: Y16691126<br>LEI: 9884008938PK154I3A92 | Long             | EC               | CORP              | KR        |       255 | NS      | $42735.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE FINANCIAL SERVICES SOFTWARE LTD /INR/             | ORACLE FINANCIAL SERVICES SOFTWARE LTD /INR/ 0.00000000                                   | CUSIP: Y3864R102<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |       553 | NS      | $54736.66     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA TOWER CORP LTD-H /HKD/                             | CHINA TOWER CORP LTD-H /HKD/ 144A 0.00000000                                              | CUSIP: Y15076121<br>LEI: 300300T6BNNP0L7O7H91 | Long             | EC               | CORP              | CN        |    125600 | NS      | $185883.34    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JENTECH PRECISION INDUST /TWD/                           | JENTECH PRECISION INDUSTRIAL /TWD/ 0.00000000                                             | CUSIP: Y4432G115<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      3000 | NS      | $133655.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN MINING GROUP CO LT /CNY/                           | ZIJIN MINING GROUP CO LTD-A /CNY/ 0.00000000                                              | CUSIP: Y9892H115<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     33400 | NS      | $82118.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES PHARMACE /HKD/                           | CHINA RESOURCES PHARMACEUTIC /HKD/ 144A 0.00000000                                        | CUSIP: Y1511B108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     44500 | NS      | $29103.14     | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KE HOLDINGS INC-ADR                                      | KE HOLDINGS INC-ADR 0.00000000                                                            | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | CN        |    113468 | NS      | $2094619.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NTPC LTD /INR/                                           | NTPC LTD /INR/ 0.00000000                                                                 | CUSIP: Y6421X116<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    126785 | NS      | $495172.57    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| GUOTAI JUNAN SECURITIES  /CNH/                           | GUOTAI JUNAN SECURITIES CO-A   /CNH/ 0.00000000                                           | CUSIP: Y2R614107<br>LEI: 300300E1005431000017 | Long             | EC               | CORP              | CN        |     30178 | NS      | $71981.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGEND BIOTECH CORP-ADR                                  | LEGEND BIOTECH CORP-ADR 0.00000000                                                        | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | US        |      2342 | NS      | $67800.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA ENERGY ENGINEERING /CNY/                           | CHINA ENERGY ENGINEERING COR /CNY/ 0.00000000                                             | CUSIP: Y1475W114<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     47400 | NS      | $14671.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN HOTELS CO LTD /INR/                               | INDIAN HOTELS CO LTD /INR/ 0.00000000                                                     | CUSIP: Y3925F147<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |     23869 | NS      | $214414.54    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRA INTERNATIONAL TBK  /IDR/                           | ASTRA INTERNATIONAL TBK PT /IDR/ 0.00000000                                               | CUSIP: Y7117N172<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   3469200 | NS      | $1032557.00   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| KUANG CHI TECHNOLOGIES CO/CNH/                           | KUANG CHI TECHNOLOGIES CO LTD A /CNH/ 0.00000000                                          | CUSIP: Y9895R102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3200 | NS      | $19672.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DALIAN PORT PDA CO LTD-A /CNH/                           | DALIAN PORT PDA CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y1966Y108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     70500 | NS      | $14444.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PRESIDENT CHAIN STORE CO /TWD/                           | PRESIDENT CHAIN STORE CORP /TWD/ 0.00000000                                               | CUSIP: Y7082T105<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     15539 | NS      | $131753.09    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INSPUR ELECTRONIC INFORM /CNH/                           | INSPUR ELECTRONIC INFORMAT-A   /CNH/ 0.00000000                                           | CUSIP: Y51704107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4600 | NS      | $31110.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MOTIVA INFRAESTRUTURA DE /BRL/                           | MOTIVA INFRAESTRUTURA DE MOB /BRL/ 0.00000000                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    372847 | NS      | $878913.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HLB INC /KRW/                                            | HLB INC /KRW/ 0.00000000                                                                  | CUSIP: Y5018T108<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3423 | NS      | $134745.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC LIFE INSURANCE CO L /INR/                           | HDFC LIFE INSURANCE CO LTD /INR/ 144A 0.00000000                                          | CUSIP: Y3R1AP109<br>LEI: 335800RQI8GAFHIRGZ37 | Long             | EC               | CORP              | IN        |     27988 | NS      | $254317.68    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CITIC SECURITIES CO LTD- /HKD/                           | CITIC SECURITIES CO LTD-H /HKD/ 0.00000000                                                | CUSIP: Y1639N117<br>LEI: 300300E1006744000068 | Long             | EC               | CORP              | CN        |     47925 | NS      | $121532.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR DEVELOPMENT PJSC /AED/                             | EMAAR DEVELOPMENT PJSC /AED/ 0.00000000                                                   | CUSIP: M4100K102<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     27975 | NS      | $102042.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR                              | TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000                      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     56118 | NS      | $10848731.76  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RUMO SA /BRL/                                            | RUMO SA /BRL/ 0.00000000                                                                  | CUSIP: P8S114104<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33328 | NS      | $109686.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VIBRA ENERGIA SA /BRL/                                   | VIBRA ENERGIA SA /BRL/ 0.00000000                                                         | CUSIP: P9785J111<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |    342435 | NS      | $1208439.13   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PIDILITE INDUSTRIES LTD /INR/                            | PIDILITE INDUSTRIES LTD /INR/ 0.00000000                                                  | CUSIP: Y6977T139<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |      4399 | NS      | $159781.88    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| IOI CORP BHD /MYR/                                       | IOI CORP BHD /MYR/ 0.00000000                                                             | CUSIP: Y41763106<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     56900 | NS      | $48127.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD BANK GROUP LTD /ZAR/                            | STANDARD BANK GROUP LTD /ZAR/ 0.00000000                                                  | CUSIP: S80605140<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |    135136 | NS      | $1759776.09   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| FORMOSA CHEMICALS & FIBR /TWD/                           | FORMOSA CHEMICALS & FIBRE /TWD/ 0.00000000                                                | CUSIP: Y25946107<br>LEI: 254900OJX8UZOAIVSU82 | Long             | EC               | CORP              | TW        |    116000 | NS      | $92060.64     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ULTRAPAR PARTICIPACOES S /BRL/                           | ULTRAPAR PARTICIPACOES SA /BRL/ 0.00000000                                                | CUSIP: P94396127<br>LEI: 529900FU4XBXGQMLRE72 | Long             | EC               | CORP              | BR        |     21149 | NS      | $60247.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CIA PARANAENSE DE ENERGI /BRL/                           | CIA PARANAENSE DE ENERGI-PFB /BRL/ 0.00000000                                             | CUSIP: P30557139<br>LEI: 2549001AS1I9A71VG663 | Long             | EC               | CORP              | BR        |     41489 | NS      | $91925.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS SA /BRL/                                             | JBS SA /BRL/ 0.00000000                                                                   | CUSIP: P59695109<br>LEI: 529900RM0MTMZL9O5050 | Long             | EC               | CORP              | BR        |     21493 | NS      | $150793.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHUI CONCH CEMENT CO LT /HKD/                           | ANHUI CONCH CEMENT CO LTD-H /HKD/ 0.00000000                                              | CUSIP: Y01373102<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |    380337 | NS      | $988759.06    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPALA PLATINUM HOLDINGS /ZAR/                           | IMPALA PLATINUM HOLDINGS LTD /ZAR/ 0.00000000                                             | CUSIP: S37840113<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     26021 | NS      | $187792.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONEXION ELECTRICA  /COP/                           | INTERCONEXION ELECTRICA SA /COP/ 0.00000000                                               | CUSIP: P5624U101<br>LEI: N/A                  | Long             | EC               | CORP              | CO        |     12422 | NS      | $57760.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA POWER CO LTD /INR/                                  | TATA POWER CO LTD /INR/ 0.00000000                                                        | CUSIP: Y85481169<br>LEI: 335800H5R3TGTJ7LQ663 | Long             | EC               | CORP              | IN        |     44189 | NS      | $203037.66    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SHREE CEMENT LTD /INR/                                   | SHREE CEMENT LTD /INR/ 0.00000000                                                         | CUSIP: Y7757Y132<br>LEI: 335800W6FNBDUZ89L830 | Long             | EC               | CORP              | IN        |       275 | NS      | $95494.10     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                                  | AMERICA MOVIL SAB DE CV 0.00000000                                                        | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     67295 | NS      | $1137285.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DO BRASIL S.A. /BRL/                               | BANCO DO BRASIL S.A. /BRL/ 0.00000000                                                     | CUSIP: P11427112<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    358708 | NS      | $1469106.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AVICHINA INDUSTRY & TECH /HKD/                           | AVICHINA INDUSTRY & TECH-H /HKD/ 0.00000000                                               | CUSIP: Y0485Q109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     44000 | NS      | $22089.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONTEMPORARY AMPEREX TEC /CNH/                           | CONTEMPORARY AMPEREX TECHN-A /CNH/ 0.00000000                                             | CUSIP: Y1R48E105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     88580 | NS      | $3075401.61   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAOZHOU THREE-CIRCLE GR /CNH/                           | CHAOZHOU THREE-CIRCLE GROU-A /CNH/ 0.00000000                                             | CUSIP: Y1R99A101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3900 | NS      | $17691.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JUBILANT FOODWORKS LTD /INR/                             | JUBILANT FOODWORKS LTD /INR/ 0.00000000                                                   | CUSIP: Y4S67Z115<br>LEI: 9845000D3B99893F5B14 | Long             | EC               | CORP              | IN        |     11798 | NS      | $90494.22     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NINGBO ORIENT WIRES & CA /CNH/                           | NINGBO ORIENT WIRES & CABL-A /CNH/ 0.00000000                                             | CUSIP: Y6365U102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2100 | NS      | $13876.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEN PHARMACARE HOLDING /ZAR/                           | ASPEN PHARMACARE HOLDINGS LT /ZAR/ 0.00000000                                             | CUSIP: S0754A105<br>LEI: 635400ZYSN1IRD5QWQ94 | Long             | EC               | CORP              | ZA        |     10171 | NS      | $68789.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDEE INTERNATIONAL SF /HKD/                           | KINGDEE INTERNATIONAL SFTWR /HKD/ 0.00000000                                              | CUSIP: G52568147<br>LEI: 529900SWRZN94C5SZO63 | Long             | EC               | CORP              | CN        |     89000 | NS      | $138475.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED INTERNATIONAL TRA /SAR/                           | UNITED INTERNATIONAL TRANSPO /SAR/ 0.00000000                                             | CUSIP: M95429102<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     36000 | NS      | $678670.42    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| GALAXY ENTERTAINMENT GRO /HKD/                           | GALAXY ENTERTAINMENT GROUP L /HKD/ 0.00000000                                             | CUSIP: Y2679D118<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    165000 | NS      | $697936.54    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERGREEN MARINE CORP LT /TWD/                           | EVERGREEN MARINE CORP LTD /TWD/ 0.00000000                                                | CUSIP: Y23632105<br>LEI: 254900EIJA0A39C5SO15 | Long             | EC               | CORP              | TW        |     30791 | NS      | $249796.85    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TCC GROUP HOLDINGS CO LT /TWD/                           | TCC GROUP HOLDINGS CO LTD /TWD/ 0.00000000                                                | CUSIP: Y8415D106<br>LEI: 529900C56C3PB9X9ZO58 | Long             | EC               | CORP              | TW        |    194668 | NS      | $189267.12    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB DE C /MXN/                           | COCA-COLA FEMSA SAB DE CV /MXN/ 0.00000000                                                | CUSIP: P2861Y177<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |     14849 | NS      | $140391.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANXI LU'AN ENVIRONMENT /CNY/                           | SHANXI LU'AN ENVIRONMENTAL-A   /CNY/ 0.00000000                                           | CUSIP: Y7699U107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7400 | NS      | $11032.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HISENSE HOME APPLIANCES  /HKD/                           | HISENSE HOME APPLIANCES GROUP CO LTD /HKD/ 0.00000000                                     | CUSIP: Y3226R105<br>LEI: 529900PRGESPUBUBN103 | Long             | EC               | CORP              | CN        |     13000 | NS      | $42945.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING ENTERPRISES HLDGS /HKD                           | BEIJING ENTERPRISES HLDGS /HKD/ 0.00000000                                                | CUSIP: Y07702122<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     11000 | NS      | $46059.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| POYA INTERNATIONAL CO LT /TWD/                           | POYA INTERNATIONAL CO LTD /TWD/ 0.00000000                                                | CUSIP: Y7083H100<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     42224 | NS      | $703933.39    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CIMB GROUP HOLDINGS BERHAD /MYR/                         | CIMB GROUP HOLDINGS BERHAD /MYR/ 0.00000000                                               | CUSIP: Y1636J101<br>LEI: 549300FYDN5UD7USZW18 | Long             | EC               | CORP              | MY        |    225207 | NS      | $364493.23    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| DALLAH HEALTHCARE CO /SAR/                               | DALLAH HEALTHCARE CO /SAR/ 0.00000000                                                     | CUSIP: M2057N103<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       891 | NS      | $28119.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GENTING BHD /MYR/                                        | GENTING BHD /MYR/ 0.00000000                                                              | CUSIP: Y26926116<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     74000 | NS      | $52164.44     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG WANFENG AUTO -A /CNH/                           | ZHEJIANG WANFENG AUTO -A /CNH/ 0.00000000                                                 | CUSIP: Y9892K100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7000 | NS      | $15680.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SK TELECOM /KRW/                                         | SK TELECOM /KRW/ 0.00000000                                                               | CUSIP: Y4935N104<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      2136 | NS      | $79646.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KRUNG THAI BANK - NVDR /THB/                             | KRUNG THAI BANK - NVDR /THB/ 0.00000000                                                   | CUSIP: Y49885174<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    121000 | NS      | $81946.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA THREE GORGES RENEW /CNH/                           | CHINA THREE GORGES RENEWAB-A   /CNH/ 0.00000000                                           | CUSIP: Y1521K106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     41600 | NS      | $24771.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGDONG INVESTMENT LTD /HKD/                           | GUANGDONG INVESTMENT LTD /HKD/ 0.00000000                                                 | CUSIP: Y2929L100<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     96000 | NS      | $77939.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK RAKYAT INDONESIA PE /IDR/                           | BANK RAKYAT INDONESIA PERSER /IDR/ 0.00000000                                             | CUSIP: Y0697U112<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  11552424 | NS      | $3144202.14   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU EXPRESS CO LTD-H /HKD/                           | JIANGSU EXPRESS CO LTD-H /HKD/ 0.00000000                                                 | CUSIP: Y4443L103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     46000 | NS      | $58537.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PHARMAESSENTIA CORP /TWD/                                | PHARMAESSENTIA CORP /TWD/ 0.00000000                                                      | CUSIP: Y6S28C101<br>LEI: 54930001GNQLDIFASK68 | Long             | EC               | CORP              | TW        |      7000 | NS      | $115891.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENGYI TECHNOLOGY CO LT /CNH/                           | SHENGYI TECHNOLOGY CO LTD -A /CNH/ 0.00000000                                             | CUSIP: Y20965102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4400 | NS      | $16014.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LPP SA /PLN/                                             | LPP SA /PLN/ 0.00000000                                                                   | CUSIP: X5053G103<br>LEI: 259400NUS7MKGPJL4752 | Long             | EC               | CORP              | PL        |        30 | NS      | $115666.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROCHINA CO LTD-A /CNH/                                | PETROCHINA CO LTD-A /CNH/ 0.00000000                                                      | CUSIP: Y6883Q138<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     21700 | NS      | $24963.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JSC KASPI.KZ ADR                                         | JSC KASPI.KZ ADR 0.00000000                                                               | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     24000 | NS      | $1914360.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SMOORE INTERNATIONAL HOL /HKD/                           | SMOORE INTERNATIONAL HOLDING /HKD/ 144A 0.00000000                                        | CUSIP: G8245V102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     55000 | NS      | $134934.03    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DONGFANG ELECTRIC CORP L /CNH/                           | DONGFANG ELECTRIC CORP LTD-A /CNH/ 0.00000000                                             | CUSIP: Y20958115<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       600 | NS      | $1326.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROBANK ERGASIAS SERVIC /EUR/                           | EUROBANK ERGASIAS SERVICES A /EUR/ 0.00000000                                             | CUSIP: X2321W101<br>LEI: JEUVK5RWVJEN8W0C9M24 | Long             | EC               | CORP              | GR        |    380102 | NS      | $1172582.37   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI PUTAILAI NEW EN /CNH/                           | SHANGHAI PUTAILAI NEW ENER-A /CNH/ 0.00000000                                             | CUSIP: Y7T892106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5102 | NS      | $11095.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WISTRON CORP /TWD/                                       | WISTRON CORP /TWD/ 0.00000000                                                             | CUSIP: Y96738102<br>LEI: 254900DIEONKUALBFM06 | Long             | EC               | CORP              | TW        |     77000 | NS      | $295358.76    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHENGZHOU YUTONG BUS CO  /CNY/                           | ZHENGZHOU YUTONG BUS CO -A /CNY/ 0.00000000                                               | CUSIP: Y98913109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6100 | NS      | $20932.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA ELXSI LTD /INR/                                     | TATA ELXSI LTD /INR/ 0.00000000                                                           | CUSIP: Y8560N107<br>LEI: 335800OWLDKWXSI48N33 | Long             | EC               | CORP              | IN        |       865 | NS      | $65151.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUMA S.A.B.-B /MXN/                                     | GRUMA S.A.B.-B /MXN/ 0.00000000                                                           | CUSIP: P4948K121<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |      5792 | NS      | $108981.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHESHANG SECURITIES CO L /CNH/                           | ZHESHANG SECURITIES CO LTD-A /CNH/ 0.00000000                                             | CUSIP: Y989BG109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7900 | NS      | $11450.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHUZHOU CSR TIMES  /HKD/                                 | ZHUZHOU CSR TIMES  /HKD/ 0.00000000                                                       | CUSIP: Y9892N104<br>LEI: 529900PLNH7NQLN00B53 | Long             | EC               | CORP              | CN        |     11200 | NS      | $47570.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SM PRIME HOLDINGS INC /PHP/                              | SM PRIME HOLDINGS INC /PHP/ 0.00000000                                                    | CUSIP: Y8076N112<br>LEI: 254900SZK83MIAB8CU32 | Long             | EC               | CORP              | PH        |    259400 | NS      | $104895.85    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA NATIONAL NUCLEAR P /CNH/                           | CHINA NATIONAL NUCLEAR POW-A   /CNH/ 0.00000000                                           | CUSIP: Y1507R109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     34000 | NS      | $45177.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VODACOM GROUP LTD /ZAR/                                  | VODACOM GROUP LTD /ZAR/ 0.00000000                                                        | CUSIP: S9453B108<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    179957 | NS      | $1381991.63   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA INTERNATIONAL CAPI /HKD/                           | CHINA INTERNATIONAL CAPITA-H /HKD/ 144A 0.00000000                                        | CUSIP: Y1R99Y109<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |     46400 | NS      | $85983.98     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK OF BEIJING CO LTD - /CNH/                           | BANK OF BEIJING CO LTD -A /CNH/ 0.00000000                                                | CUSIP: Y06958113<br>LEI: 300300C1080211000042 | Long             | EC               | CORP              | CN        |     47000 | NS      | $41067.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD /HKD/                               | TENCENT HOLDINGS LTD /HKD/ 0.00000000                                                     | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    455931 | NS      | $28738923.82  | 4.93%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANDONG GOLD MINING CO  /CNH/                           | SHANDONG GOLD MINING CO LT-A   /CNH/ 0.00000000                                           | CUSIP: Y76831109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5500 | NS      | $22903.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI ISLAMIC BANK /AED/                             | ABU DHABI ISLAMIC BANK /AED/ 0.00000000                                                   | CUSIP: M0152R102<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |     41360 | NS      | $215765.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                         | MERCADOLIBRE INC 0.00000000                                                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      2431 | NS      | $6231357.99   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE IDEA LTD /INR/                                  | VODAFONE IDEA LTD /INR/ 0.00000000                                                        | CUSIP: Y3857E100<br>LEI: 335800UBBFAK7HCF3209 | Long             | EC               | CORP              | IN        |    683511 | NS      | $55325.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MRF LTD /INR/                                            | MRF LTD /INR/ 0.00000000                                                                  | CUSIP: Y6145L117<br>LEI: 335800EQP78LTJ76DZ82 | Long             | EC               | CORP              | IN        |        71 | NS      | $115296.98    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| IMEIK TECHNOLOGY DEVELOP /CNH/                           | IMEIK TECHNOLOGY DEVELOPME-A /CNH/ 0.00000000                                             | CUSIP: Y385KL109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       560 | NS      | $13177.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA PETROLEUM & CHEMIC /CNH/                           | CHINA PETROLEUM & CHEMICAL-A   /CNH/ 0.00000000                                           | CUSIP: Y15010112<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     43800 | NS      | $35142.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| METROPOLITAN BANK & TRUS /PHP/                           | METROPOLITAN BANK & TRUST /PHP/ 0.00000000                                                | CUSIP: Y6028G136<br>LEI: 549300SQYI82RVWFN715 | Long             | EC               | CORP              | PH        |     55726 | NS      | $73498.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MESAIEED PETROCHEMICAL H /QAR/                           | MESAIEED PETROCHEMICAL HOLDI /QAR/ 0.00000000                                             | CUSIP: M6872B103<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |    113710 | NS      | $41533.99     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MUYUAN FOODSTUFF CO LTD- /CNH/                           | MUYUAN FOODSTUFF CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y6149B107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10086 | NS      | $56570.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI PUDONG DEVEL BA /CNH/                           | SHANGHAI PUDONG DEVEL BANK-A   /CNH/ 0.00000000                                           | CUSIP: Y7689F102<br>LEI: 300300C1031031001330 | Long             | EC               | CORP              | CN        |     56200 | NS      | $96191.21     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMAN MINERAL INTERNASIO /IDR/                           | AMMAN MINERAL INTERNASIONAL /IDR/ 0.00000000                                              | CUSIP: Y009E4100<br>LEI: 5493006TJMVRZEVWCG37 | Long             | EC               | CORP              | ID        |    170900 | NS      | $72385.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ACWA POWER CO /SAR/                                      | ACWA POWER CO /SAR/ 0.00000000                                                            | CUSIP: M529AL106<br>LEI: 558600Y0TFKRV2QZ1A74 | Long             | EC               | CORP              | SA        |      4239 | NS      | $292056.33    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD CO LTD-H /HKD/                                       | BYD CO LTD-H /HKD/ 0.00000000                                                             | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    118000 | NS      | $5855039.06   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MULTIPLY GROUP /AED/                                     | MULTIPLY GROUP /AED/ 0.00000000                                                           | CUSIP: M7068W109<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    114981 | NS      | $72928.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PPB GROUP BERHAD /MYR/                                   | PPB GROUP BERHAD /MYR/ 0.00000000                                                         | CUSIP: Y70879104<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     18200 | NS      | $48114.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CLICKS HOLDINGS LTD /ZAR/                                | CLICKS HOLDINGS LTD /ZAR/ 0.00000000                                                      | CUSIP: S17249111<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |     89428 | NS      | $1924048.42   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAL ELECTRONICS /TWD/                                 | COMPAL ELECTRONICS /TWD/ 0.00000000                                                       | CUSIP: Y16907100<br>LEI: 529900ZPKWFDL21LW166 | Long             | EC               | CORP              | TW        |    117000 | NS      | $111582.41    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ZHEJIANG CHINT ELECTRICS /CNH/                           | ZHEJIANG CHINT ELECTRICS-A /CNH/ 0.00000000                                               | CUSIP: Y988AY103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2100 | NS      | $6371.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN INSURANCE GROUP  /HKD/                           | PING AN INSURANCE GROUP CO-H /HKD/ 0.00000000                                             | CUSIP: Y69790106<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    803500 | NS      | $4694866.68   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLD FIELDS LTD /ZAR/                                    | GOLD FIELDS LTD /ZAR/ 0.00000000                                                          | CUSIP: S31755101<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     25858 | NS      | $585307.41    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GODREJ CONSUMER PROD/INR/                                | GODREJ CONSUMER PROD/INR/ 0.00000000                                                      | CUSIP: Y2732X135<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     12040 | NS      | $173280.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FOMENTO ECONOMICO MEXICA /MXN/                           | FOMENTO ECONOMICO MEXICA-UBD /MXN/ 0.00000000                                             | CUSIP: P4182H115<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     51181 | NS      | $543716.57    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DOOSAN BOBCAT INC /KRW/                                  | DOOSAN BOBCAT INC /KRW/ 0.00000000                                                        | CUSIP: Y2103B100<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |      1233 | NS      | $41831.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RIYAD BANK /SAR/                                         | RIYAD BANK /SAR/ 0.00000000                                                               | CUSIP: M8215R118<br>LEI: 54930037RJ782ISGGM71 | Long             | EC               | CORP              | SA        |     43029 | NS      | $332427.39    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| QATAR ISLAMIC BANK /QAR/                                 | QATAR ISLAMIC BANK /QAR/ 0.00000000                                                       | CUSIP: M8179Y109<br>LEI: 254900CFGPXJI71OHT95 | Long             | EC               | CORP              | QA        |     49366 | NS      | $286242.35    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GIGADEVICE SEMICONDUCTOR /CNH/                           | GIGADEVICE SEMICONDUCTOR B-A /CNH/ 0.00000000                                             | CUSIP: Y270BL103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       924 | NS      | $14351.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COWAY CO LTD /KRW/                                       | COWAY CO LTD /KRW/ 0.00000000                                                             | CUSIP: Y1786S109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15896 | NS      | $1021409.97   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI BAOSIGHT SOFTWARE-B                             | SHANGHAI BAOSIGHT SOFTWARE-B 0.00000000                                                   | CUSIP: Y7691Z104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     19197 | NS      | $26534.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGZHOU TINCI MATERIAL /CNH/                           | GUANGZHOU TINCI MATERIALS -A /CNH/ 0.00000000                                             | CUSIP: Y2R33P105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3220 | NS      | $7503.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOSAGRO PJSC-GDR REG S                                  | PHOSAGRO PJSC-GDR REG S REG S 0.00000000                                                  | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |         2 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MIDEA GROUP CO LTD-H /HKD/                               | MIDEA GROUP CO LTD-H /HKD/ 0.00000000                                                     | CUSIP: Y6S40V111<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |      9400 | NS      | $98308.24     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE IS BANKASI-C /TRY/                               | TURKIYE IS BANKASI-C /TRY/ 0.00000000                                                     | CUSIP: M8933F115<br>LEI: 789000FIRX9MDN0KTM91 | Long             | EC               | CORP              | TR        |    204992 | NS      | $56354.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS DAGANGAN BHD /MYR/                              | PETRONAS DAGANGAN BHD /MYR/ 0.00000000                                                    | CUSIP: Y6885A107<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      8600 | NS      | $39750.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MONETA MONEY BANK AS /CZK/                               | MONETA MONEY BANK AS /CZK/ 144A 0.00000000                                                | CUSIP: X3R0GS100<br>LEI: I6USJ58BDV2BO5KP3C31 | Long             | EC               | CORP              | CZ        |     10147 | NS      | $66230.82     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| S-OIL CORP /KRW/                                         | S-OIL CORP /KRW/ 0.00000000                                                               | CUSIP: Y80710109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1576 | NS      | $61849.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BHARAT ELECTRONICS LTD /INR/                             | BHARAT ELECTRONICS LTD /INR/ 0.00000000                                                   | CUSIP: Y0881Q141<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    102639 | NS      | $461770.41    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BAJAJ HOLDINGS AND INVES /INR/                           | BAJAJ HOLDINGS AND INVESTMEN /INR/ 0.00000000                                             | CUSIP: Y0546X143<br>LEI: 335800NL7NWD9IPOHL48 | Long             | EC               | CORP              | IN        |       806 | NS      | $126455.79    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| XI'AN AERO-ENGINE PLC -A /CNY/                           | XI'AN AERO-ENGINE PLC -A /CNY/ 0.00000000                                                 | CUSIP: Y4443C103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3000 | NS      | $14748.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OBEROI REALTY LTD /INR/                                  | OBEROI REALTY LTD /INR/ 0.00000000                                                        | CUSIP: Y6424D109<br>LEI: 335800TCKG1XQXN51L44 | Long             | EC               | CORP              | IN        |     78545 | NS      | $1596986.46   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| HANKOOK TIRE & TECHNOLOG /KRW/                           | HANKOOK TIRE & TECHNOLOGY CO /KRW/ 0.00000000                                             | CUSIP: Y3R57J108<br>LEI: 9884001BIEVM09M7AH02 | Long             | EC               | CORP              | KR        |      1886 | NS      | $52431.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INVENTEC CORP /TWD/                                      | INVENTEC CORP /TWD/ 0.00000000                                                            | CUSIP: Y4176F109<br>LEI: 391200XSJU5WEVAXB086 | Long             | EC               | CORP              | TW        |     72000 | NS      | $100173.91    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MINOR INTERNATIONAL PCL- /THB/                           | MINOR INTERNATIONAL PCL-NVDR /THB/ 0.00000000                                             | CUSIP: Y6069M315<br>LEI: 254900T4WB2UF9XPX041 | Long             | EC               | CORP              | TH        |     91300 | NS      | $68971.39     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCED INFO SERVICE-NV /THB/                           | ADVANCED INFO SERVICE-NVDR /THB/ 0.00000000                                               | CUSIP: Y0014U175<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |     36500 | NS      | $317345.92    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| OFILM GROUP CO LTD-A /CNH/                               | OFILM GROUP CO LTD-A /CNH/ 0.00000000                                                     | CUSIP: Y7744T105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9000 | NS      | $14673.64     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LUPIN LTD /INR/                                          | LUPIN LTD /INR/ 0.00000000                                                                | CUSIP: Y5362X101<br>LEI: 335800HHXTESDEE2FC65 | Long             | EC               | CORP              | IN        |      6483 | NS      | $148301.72    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT MUSIC ENTERTAINM-ADR                             | TENCENT MUSIC ENTERTAINM-ADR 0.00000000                                                   | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |     22113 | NS      | $372382.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| J&T GLOBAL EXPRESS LTD /HKD/                             | J&T GLOBAL EXPRESS LTD /HKD/ 0.00000000                                                   | CUSIP: G4990A104<br>LEI: 2549009MQXHGQY558V11 | Long             | EC               | CORP              | CN        |     66200 | NS      | $57256.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INNER MONGOLIA YITAI COAL-B                              | INNER MONGOLIA YITAI COAL-B 0.00000000                                                    | CUSIP: Y40848106<br>LEI: 529900OW9OHPX81B0T69 | Long             | EC               | CORP              | CN        |     28100 | NS      | $57233.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOPAC FINANCIAL HOLDIN /TWD/                           | SINOPAC FINANCIAL HOLDINGS /TWD/ 0.00000000                                               | CUSIP: Y8009U100<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    322571 | NS      | $245186.90    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KASIKORNBANK PCL-FOREIGN /THB/                           | KASIKORNBANK PCL-FOREIGN /THB/ 0.00000000                                                 | CUSIP: Y4591R118<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    168200 | NS      | $789927.39    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| PEGASUS HAVA TASIMACILIG /TRY/                           | PEGASUS HAVA TASIMACILIGI AS /TRY/ 0.00000000                                             | CUSIP: M7846J107<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |      5249 | NS      | $32369.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SPRING AIRLINES CO LTD-A /CNH/                           | SPRING AIRLINES CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y8131G102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $16301.17     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAL LTD /INR/                                         | ASTRAL LTD /INR/ 0.00000000                                                               | CUSIP: Y0433Q169<br>LEI: 3358007M1SKFTVDRMC40 | Long             | EC               | CORP              | IN        |      3407 | NS      | $59862.23     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CEMEX SAB-CPO /MXN/                                      | CEMEX SAB-CPO /MXN/ 0.00000000                                                            | CUSIP: P2253T133<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    418317 | NS      | $286845.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CSSC HOLDINGS LTD- /CNY/                           | CHINA CSSC HOLDINGS LTD-A /CNY/ 0.00000000                                                | CUSIP: Y3746Z108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9900 | NS      | $42151.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HON HAI PRECISION INDUST /TWD/                           | HON HAI PRECISION INDUSTRY /TWD/ 0.00000000                                               | CUSIP: Y36861105<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    361480 | NS      | $1855165.64   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR PROPERTIES PJSC /AED/                              | EMAAR PROPERTIES PJSC /AED/ 0.00000000                                                    | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    308521 | NS      | $1104377.26   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE TECHNOLOGY HOLDING C /TWD/                           | ASE TECHNOLOGY HOLDING CO LT /TWD/ 0.00000000                                             | CUSIP: Y0249T100<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    426498 | NS      | $1960814.29   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| MINISO GROUP HOLDING LTD-ADR                             | MINISO GROUP HOLDING LTD-ADR 0.00000000                                                   | CUSIP: 66981J102<br>LEI: 2549006PIKT2YKNBL092 | Long             | EC               | CORP              | CN        |     54000 | NS      | $919080.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| SAMSUNG ELECTRO-MECHANIC /KRW/                           | SAMSUNG ELECTRO-MECHANICS CO /KRW/ 0.00000000                                             | CUSIP: Y7470U102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1588 | NS      | $140505.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO AEROPORTUARIO PAC-ADR                              | GRUPO AEROPORTUARIO PAC-ADR 0.00000000                                                    | CUSIP: 400506101<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |      5393 | NS      | $1238933.89   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC PROPERTY & CASUALTY /HKD/                           | PICC PROPERTY & CASUALTY-H /HKD/ 0.00000000                                               | CUSIP: Y6975Z103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    204000 | NS      | $386595.46    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GEELY AUTOMOBILE HOLDING /HKD/                           | GEELY AUTOMOBILE HOLDINGS LT /HKD/ 0.00000000                                             | CUSIP: G3777B103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | HK        |    175000 | NS      | $390180.80    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM INC-ADR                                           | JD.COM INC-ADR 0.00000000                                                                 | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     68319 | NS      | $2214218.79   | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| HYUNDAI HEAVY INDUSTRIES /KRW/                           | HYUNDAI HEAVY INDUSTRIES HOLDINGS CO LTD /KRW/ 0.00000000                                 | CUSIP: Y3R3C9109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1100 | NS      | $88949.11     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TVS MOTOR CO LTD /INR/                                   | TVS MOTOR CO LTD /INR/ 0.00000000                                                         | CUSIP: Y9014B103<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      6684 | NS      | $218471.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA-A /CNH/                           | IND & COMM BK OF CHINA-A /CNH/ 0.00000000                                                 | CUSIP: Y3990B104<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |    111300 | NS      | $109230.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SILERGY CORP /TWD/                                       | SILERGY CORP /TWD/ 0.00000000                                                             | CUSIP: G8190F102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9000 | NS      | $103326.36    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SHINHAN FINANCIAL GROUP  /KRW/                           | SHINHAN FINANCIAL GROUP LTD /KRW/ 0.00000000                                              | CUSIP: Y7749X101<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |    115839 | NS      | $4840579.51   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| DONG-E-E-JIAOCO LTD-A /CNH/                              | DONG-E-E-JIAOCO LTD-A /CNH/ 0.00000000                                                    | CUSIP: Y20950104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2100 | NS      | $15976.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FOSUN INTERNATIONAL LTD /HKD/                            | FOSUN INTERNATIONAL LTD /HKD/ 0.00000000                                                  | CUSIP: Y2618Y108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     53500 | NS      | $31139.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AGRICULTURAL BANK OF CHI /CNH/                           | AGRICULTURAL BANK OF CHINA-A   /CNH/ 0.00000000                                           | CUSIP: Y00289101<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    154700 | NS      | $118751.90    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MENGNIU DAIRY CO /HKD/                             | CHINA MENGNIU DAIRY CO /HKD/ 0.00000000                                                   | CUSIP: G21096105<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | CN        |     89000 | NS      | $199682.25    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF CHENGDU CO LTD-A /CNH/                           | BANK OF CHENGDU CO LTD-A /CNH/ 0.00000000                                                 | CUSIP: Y0R95C103<br>LEI: 30030030JPOKGL9K5418 | Long             | EC               | CORP              | CN        |      4000 | NS      | $10770.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XINJIANG DAQO NEW ENERGY /CNH/                           | XINJIANG DAQO NEW ENERGY C-A /CNH/ 0.00000000                                             | CUSIP: Y972S2108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2778 | NS      | $7410.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MIRAE ASSET SECURITIES CO /KRW                           | MIRAE ASSET SECURITIES CO LTD /KRW/ 0.00000000                                            | CUSIP: Y1916K109<br>LEI: 98840072S6T63E2V1291 | Long             | EC               | CORP              | KR        |      5672 | NS      | $63854.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FLAT GLASS GROUP CO LTD- /CNH/                           | FLAT GLASS GROUP CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y2575W111<br>LEI: 300300BEL4RMXBKEA373 | Long             | EC               | CORP              | CN        |      4000 | NS      | $7951.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONTAINER CORP OF INDIA  /INR/                           | CONTAINER CORP OF INDIA LTD /INR/ 0.00000000                                              | CUSIP: Y1740A152<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      6095 | NS      | $55924.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PUNJAB NATIONAL BANK /INR/                               | PUNJAB NATIONAL BANK /INR/ 0.00000000                                                     | CUSIP: Y7162Z146<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     76677 | NS      | $94883.08     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGXI GANFENG LITHIUM  /CNH/                           | JIANGXI GANFENG LITHIUM CO-A /CNH/ 0.00000000                                             | CUSIP: Y444B3104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3220 | NS      | $13445.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YTL CORP BERHAD /MYR/                                    | YTL CORP BERHAD /MYR/ 0.00000000                                                          | CUSIP: Y98610101<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     82800 | NS      | $35415.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MOSCOW EXCHANGE MICEX-RTS PJ                             | MOSCOW EXCHANGE MICEX-RTS PJ 0.00000000                                                   | CUSIP: X6983N101<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |     39065 | NS      | $390.65       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WESTERN SECURITIES CO LT /CNH/                           | WESTERN SECURITIES CO LTD-A /CNH/ 0.00000000                                              | CUSIP: Y9382Q104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11400 | NS      | $11727.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHUI CONCH CEMENT CO LTD-A  /CNH/                       | ANHUI CONCH CEMENT CO LTD-A  /CNH/ 0.00000000                                             | CUSIP: Y01373110<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6100 | NS      | $19688.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAROEN POKPHAND INDONES /IDR/                           | CHAROEN POKPHAND INDONESI PT /IDR/ 0.00000000                                             | CUSIP: Y71207164<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    243100 | NS      | $72062.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEYUAN ELECTRIC CO LTD- /CNH/                           | SIEYUAN ELECTRIC CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y7688J105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2300 | NS      | $22993.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES MIXC LIF /HKD/                           | CHINA RESOURCES MIXC LIFESTY /HKD/ 144A 0.00000000                                        | CUSIP: G2122G106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     19800 | NS      | $94267.36     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KRAFTON INC /KRW/                                        | KRAFTON INC /KRW/ 0.00000000                                                              | CUSIP: Y0929C104<br>LEI: 988400CE024EWSCICK17 | Long             | EC               | CORP              | KR        |       800 | NS      | $213409.10    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| RAIL VIKAS NIGAM LTD /INR/                               | RAIL VIKAS NIGAM LTD /INR/ REG S 0.00000000                                               | CUSIP: Y7177Z107<br>LEI: 8945004J7EIKTCOWI620 | Long             | EC               | CORP              | IN        |     12011 | NS      | $56999.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NETEASE INC /HKD/                                        | NETEASE INC /HKD/ 0.00000000                                                              | CUSIP: G6427A102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |    181425 | NS      | $4414597.66   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA STEEL CORP /TWD/                                   | CHINA STEEL CORP /TWD/ 0.00000000                                                         | CUSIP: Y15041109<br>LEI: 529900D3N7UIJMVJ9120 | Long             | EC               | CORP              | TW        |    331000 | NS      | $216349.34    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIES QATAR /QAR/                                   | INDUSTRIES QATAR /QAR/ 0.00000000                                                         | CUSIP: M56303106<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     44158 | NS      | $143260.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KALBE FARMA TBK PT /IDR/                                 | KALBE FARMA TBK PT /IDR/ 0.00000000                                                       | CUSIP: Y71287208<br>LEI: 529900PRQI8S32HOE387 | Long             | EC               | CORP              | ID        |    727000 | NS      | $67502.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GIGABYTE TECHNOLOGY CO L /TWD/                           | GIGABYTE TECHNOLOGY CO LTD /TWD/ 0.00000000                                               | CUSIP: Y2711J107<br>LEI: 2549001BU3CG63KSN047 | Long             | EC               | CORP              | TW        |     15000 | NS      | $136239.75    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BAOSHAN IRON & STEEL CO- /CNY/                           | BAOSHAN IRON & STEEL CO-A /CNY/ 0.00000000                                                | CUSIP: Y0698U103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     30184 | NS      | $28238.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KOREA ZINC CO LTD /KRW/                                  | KOREA ZINC CO LTD /KRW/ 0.00000000                                                        | CUSIP: Y4960Y108<br>LEI: 988400D0HSQUB1I1VO41 | Long             | EC               | CORP              | KR        |       147 | NS      | $77794.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SD GUTHRIE BHD /MYR/                                     | SD GUTHRIE BHD /MYR/ 0.00000000                                                           | CUSIP: Y7962H106<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     56800 | NS      | $59649.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGXI COPPER CO LTD-A /CNY/                            | JIANGXI COPPER CO LTD-A /CNY/ 0.00000000                                                  | CUSIP: Y4446C118<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5300 | NS      | $15639.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA SOUTHERN AIRLINES  /CNY/                           | CHINA SOUTHERN AIRLINES CO-A /CNY/ 0.00000000                                             | CUSIP: Y1503W110<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20400 | NS      | $17238.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WUS PRINTED CIRCUIT KUNS /CNH/                           | WUS PRINTED CIRCUIT KUNSHA-A /CNH/ 0.00000000                                             | CUSIP: Y9716K104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6260 | NS      | $26941.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA NATIONAL CHEMICAL- /CNY/                           | CHINA NATIONAL CHEMICAL-A /CNY/ 0.00000000                                                | CUSIP: Y1504G106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     19300 | NS      | $20683.29     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROYA COSMETICS CO LTD A /CNH/                           | PROYA COSMETICS CO LTD A /CNH/ 0.00000000                                                 | CUSIP: Y7S88X100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    105900 | NS      | $1305097.35   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| EVA AIRWAYS CORP /TWD/                                   | EVA AIRWAYS CORP /TWD/ 0.00000000                                                         | CUSIP: Y2361Y107<br>LEI: 254900S1P4XOXV67GC07 | Long             | EC               | CORP              | TW        |     80000 | NS      | $108165.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TAISHIN FINANCIAL HOLDIN /TWD/                           | TAISHIN FINANCIAL HOLDING /TWD/ 0.00000000                                                | CUSIP: Y84086100<br>LEI: 254900NDEO99JV07HK17 | Long             | EC               | CORP              | TW        |    325803 | NS      | $185679.48    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALCHIP TECHNOLOGIES LTD /TWD/                            | ALCHIP TECHNOLOGIES LTD /TWD/ 0.00000000                                                  | CUSIP: G02242108<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | TW        |      2000 | NS      | $184375.51    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| YUNNAN ALUMINIUM CO LTD- /CNH/                           | YUNNAN ALUMINIUM CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y9881Y103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7900 | NS      | $16018.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OLD MUTUAL LTD /ZAR/                                     | OLD MUTUAL LTD /ZAR/ 0.00000000                                                           | CUSIP: S5790B132<br>LEI: 213800MON84ZWWPQCN47 | Long             | EC               | CORP              | ZA        |    139431 | NS      | $90882.63     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MEITUAN-CLASS B /HKD/                                    | MEITUAN-CLASS B /HKD/ 144A 0.00000000                                                     | CUSIP: G59669104<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    393443 | NS      | $6804388.16   | 1.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| COMMERCIAL INTL BANK-GDR REG                             | COMMERCIAL INTL BANK-GDR REG REG S 0.00000000                                             | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    164578 | NS      | $263324.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TSINGHUA UNISPLENDOUR CO /CNH/                           | TSINGHUA UNISPLENDOUR CO-A /CNH/ 0.00000000                                               | CUSIP: Y8997B106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      8160 | NS      | $27089.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING TONGRENTANG CO-A /CNY/                           | BEIJING TONGRENTANG CO-A /CNY/ 0.00000000                                                 | CUSIP: Y0771B105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2600 | NS      | $13687.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC LTD /INR/                                            | ITC LTD /INR/ 0.00000000                                                                  | CUSIP: Y4211T171<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |     88487 | NS      | $432433.16    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| YES BANK LTD /INR/                                       | YES BANK LTD /INR/ 0.00000000                                                             | CUSIP: Y97636149<br>LEI: 335800X6WKDDXJUSFZ86 | Long             | EC               | CORP              | IN        |    394970 | NS      | $99245.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU HENGLI HIGHPRESS /CNY/                           | JIANGSU HENGLI HIGHPRESSUR-A /CNY/ 0.00000000                                             | CUSIP: Y443AC107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1948 | NS      | $18432.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING HOLDINGS  /HKD/                           | COSCO SHIPPING HOLDINGS CO-H /HKD/ 0.00000000                                             | CUSIP: Y1839M109<br>LEI: 3003009XI0QGYYA29S17 | Long             | EC               | CORP              | CN        |     80750 | NS      | $139475.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LG ELECTRONICS INC /KRW/                                 | LG ELECTRONICS INC /KRW/ 0.00000000                                                       | CUSIP: Y5275H177<br>LEI: 988400RMQFTGZIOG0609 | Long             | EC               | CORP              | KR        |      2815 | NS      | $144910.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA POWER INTERNATIONA /HKD/                           | CHINA POWER INTERNATIONAL /HKD/ 0.00000000                                                | CUSIP: Y1508G102<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    131000 | NS      | $53465.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| RANGE INTELLIGENT COMPUT /CNH/                           | RANGE INTELLIGENT COMPUTI-A    /CNH/ 0.00000000                                           | CUSIP: Y768A5102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4000 | NS      | $23833.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA CONSULTANCY SVCS LT /INR/                           | TATA CONSULTANCY SVCS LTD /INR/ 0.00000000                                                | CUSIP: Y85279100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     95841 | NS      | $3882531.50   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| AGRICULTURAL BANK OF CHI /HKD/                           | AGRICULTURAL BANK OF CHINA-H /HKD/ 0.00000000                                             | CUSIP: Y00289119<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    808000 | NS      | $517277.97    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CELLTRION INC /KRW/                                      | CELLTRION INC /KRW/ 0.00000000                                                            | CUSIP: Y1242A106<br>LEI: 988400JFZG785WJX3D68 | Long             | EC               | CORP              | KR        |      4443 | NS      | $517871.80    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HUADIAN POWER INTL CORP- /CNY/                           | HUADIAN POWER INTL CORP-A      /CNY/ 0.00000000                                           | CUSIP: Y3738Y119<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     18400 | NS      | $14923.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LG INNOTEK CO LTD /KRW/                                  | LG INNOTEK CO LTD /KRW/ 0.00000000                                                        | CUSIP: Y5S54X104<br>LEI: 988400KTHH2LMUX7EB48 | Long             | EC               | CORP              | KR        |       336 | NS      | $35113.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRPORTS OF THAILAND PC- /THB/                           | AIRPORTS OF THAILAND PC-NVDR /THB/ 0.00000000                                             | CUSIP: Y0028Q129<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    112800 | NS      | $113767.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HUAQIN TECHNOLOGY CO LTD /CNH/                           | HUAQIN TECHNOLOGY CO LTD-A /CNH/ 0.00000000                                               | CUSIP: Y374K6106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2600 | NS      | $23935.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB INDIA LTD /INR/                                      | ABB INDIA LTD /INR/ 0.00000000                                                            | CUSIP: Y0005K103<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      1569 | NS      | $109596.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA COMMUNICATIONS LTD /INR/                            | TATA COMMUNICATIONS LTD /INR/ 0.00000000                                                  | CUSIP: Y8550P112<br>LEI: 3358004PBWAYF65RLI81 | Long             | EC               | CORP              | IN        |      3941 | NS      | $77266.47     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MACROTECH DEVELOPERS LTD /INR/                           | MACROTECH DEVELOPERS LTD /INR/ 144A 0.00000000                                            | CUSIP: Y5311S112<br>LEI: 254900B5QCN52ETNU557 | Long             | EC               | CORP              | IN        |      8287 | NS      | $138003.03    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ZHEJIANG SANHUA INTELLIG /CNH/                           | ZHEJIANG SANHUA INTELLIGEN-A /CNH/ 0.00000000                                             | CUSIP: Y9890L126<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5500 | NS      | $19748.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KB FINANCIAL GROUP INC /KRW/                             | KB FINANCIAL GROUP INC /KRW/ 0.00000000                                                   | CUSIP: Y46007103<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     35241 | NS      | $2648674.19   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| AUTOHOME INC-ADR                                         | AUTOHOME INC-ADR 0.00000000                                                               | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | CN        |      1759 | NS      | $43130.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY INDIA LTD /INR/                           | SIEMENS ENERGY INDIA LTD /INR/ 0.00000000                                                 | CUSIP: Y7T3LP102<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      2571 | NS      | $74497.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HINDALCO INDUSTRIES LTD /INR/                            | HINDALCO INDUSTRIES LTD /INR/ 0.00000000                                                  | CUSIP: Y3196V185<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |     39027 | NS      | $289210.19    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ADANI POWER LTD /INR/                                    | ADANI POWER LTD /INR/ 0.00000000                                                          | CUSIP: Y0019Q104<br>LEI: 33580074T4XKFXBDG813 | Long             | EC               | CORP              | IN        |     19316 | NS      | $122874.35    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HAIDILAO INTERNATIONAL H /HKD/                           | HAIDILAO INTERNATIONAL HOLDI /HKD/ 144A 0.00000000                                        | CUSIP: G4290A101<br>LEI: 3003009Q8GV4VNKZWI24 | Long             | EC               | CORP              | CN        |     44000 | NS      | $84147.36     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AL RAJHI BANK /SAR/                                      | AL RAJHI BANK /SAR/ 0.00000000                                                            | CUSIP: M0R60D105<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |    225948 | NS      | $5497655.03   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| WANHUA CHEMICAL GROUP CO /CNY/                           | WANHUA CHEMICAL GROUP CO -A /CNY/ 0.00000000                                              | CUSIP: Y9740A106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4700 | NS      | $35372.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF CHINA LTD-A /CNH/                                | BANK OF CHINA LTD-A /CNH/ 0.00000000                                                      | CUSIP: Y0698A123<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     54930 | NS      | $42069.85     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RESOURCES POWER HO /HKD/                           | CHINA RESOURCES POWER HOLDIN /HKD/ 0.00000000                                             | CUSIP: Y1503A100<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     64000 | NS      | $165900.22    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| JIANGSU WUJIANG CHINA EA /CNH/                           | JIANGSU WUJIANG CHINA EAST-A /CNH/ 0.00000000                                             | CUSIP: Y9717R108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7400 | NS      | $8731.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HANWHA OCEAN CO LTD /KRW/                                | HANWHA OCEAN CO LTD /KRW/ 0.00000000                                                      | CUSIP: Y1916Y117<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2735 | NS      | $154458.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WOOLWORTHS HOLDINGS LTD /ZAR/                            | WOOLWORTHS HOLDINGS LTD /ZAR/ 0.00000000                                                  | CUSIP: S98758121<br>LEI: 37890095421E07184E97 | Long             | EC               | CORP              | ZA        |     28189 | NS      | $91834.47     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA OILFIELD SERVICES- /HKD/                           | CHINA OILFIELD SERVICES-H /HKD/ 0.00000000                                                | CUSIP: Y15002101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     44000 | NS      | $35718.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MARICO LTD /INR/                                         | MARICO LTD /INR/ 0.00000000                                                               | CUSIP: Y5841R170<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |     14859 | NS      | $124408.96    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA STATE CONSTRUCTION /CNH/                           | CHINA STATE CONSTRUCTION -A /CNH/ 0.00000000                                              | CUSIP: Y1516Y103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     57440 | NS      | $45248.02     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIC SECURITIES CO-A /CNY/                              | CITIC SECURITIES CO-A /CNY/ 0.00000000                                                    | CUSIP: Y1639N109<br>LEI: 300300E1006744000068 | Long             | EC               | CORP              | CN        |     22565 | NS      | $79949.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCTION BANK- /CNY/                           | CHINA CONSTRUCTION BANK-A /CNY/ 0.00000000                                                | CUSIP: Y1397N119<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     21100 | NS      | $26439.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP                                     | SOUTHERN COPPER CORP 0.00000000                                                           | CUSIP: 84265V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3137 | NS      | $285184.67    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROLEO BRASILEIRO-SPON ADR                             | PETROLEO BRASILEIRO-SPON ADR 0.00000000                                                   | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     88012 | NS      | $1015658.48   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANDONG GOLD MINING CO  /HKD/                           | SHANDONG GOLD MINING CO LT-H /HKD/ 144A 0.00000000                                        | CUSIP: Y76831125<br>LEI: 300300KC2K8BC07OSV77 | Long             | EC               | CORP              | CN        |     28500 | NS      | $88822.18     | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALTEOGEN INC /KRW/                                       | ALTEOGEN INC /KRW/ 0.00000000                                                             | CUSIP: Y0R93X109<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1173 | NS      | $278793.33    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| OIL & NATURAL GAS CORP L /INR/                           | OIL & NATURAL GAS CORP LTD /INR/ 0.00000000                                               | CUSIP: Y64606133<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     92535 | NS      | $258894.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SABESP ON /BRL/                                          | SABESP ON /CIA SANEAMENTO BASICO ESTADO DE SAO PAULO ORDINARY REGISTERED /BRL/ 0.00000000 | CUSIP: P2R268136<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     13140 | NS      | $269721.11    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANGHAI RAAS BLOOD PROD /CNH/                           | SHANGHAI RAAS BLOOD PRODUC-A /CNH/ 0.00000000                                             | CUSIP: Y7687Z100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15800 | NS      | $14933.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUOLINHE OPENCUT COAL IN /CNH/                           | HUOLINHE OPENCUT COAL IND -A /CNH/ 0.00000000                                             | CUSIP: Y3772Z105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      7700 | NS      | $21155.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BUMRUNGRAD HOSPITAL PCL- /THB/                           | BUMRUNGRAD HOSPITAL PCL-NVDR /THB/ 0.00000000                                             | CUSIP: Y1002E165<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     15000 | NS      | $63815.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA CITIC BANK CORP LT /HKD/                           | CHINA CITIC BANK CORP LTD-H /HKD/ 0.00000000                                              | CUSIP: Y1434M116<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    267000 | NS      | $235005.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS PRF /KRW/                            | SAMSUNG ELECTRONICS PRF /KRW/ 0.00000000                                                  | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     80774 | NS      | $2696051.52   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO CIBEST SA /COP/PFD/                                | GRUPO CIBEST SA /COP/         /PREFERRED/ 0.00000000                                      | CUSIP: P49500112<br>LEI: N/A                  | Long             | EP               | CORP              | CO        |     11353 | NS      | $116945.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ZABKA GROUP SA /PLN/                                     | ZABKA GROUP SA /PLN/ 0.00000000                                                           | CUSIP: L98969105<br>LEI: 549300TU2RZ35E4ET914 | Long             | EC               | CORP              | LU        |      8392 | NS      | $50719.14     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO CARSO SAB DE CV /MXN/                              | GRUPO CARSO SAB DE CV /MXN/ 0.00000000                                                    | CUSIP: P46118108<br>LEI: 5493007R35VF4W6YVW92 | Long             | EC               | CORP              | MX        |     18121 | NS      | $115223.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN PETROLEUM CORP /INR/                           | HINDUSTAN PETROLEUM CORP /INR/ 0.00000000                                                 | CUSIP: Y3224R123<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     25257 | NS      | $121427.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLTRONIC POWER TECHNOLO /TWD/                           | VOLTRONIC POWER TECHNOLOGY /TWD/ 0.00000000                                               | CUSIP: Y937BE103<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $89403.03     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN ENERGY HOLDINGS LTD /HKD/                            | ENN ENERGY HOLDINGS LTD /HKD/ 0.00000000                                                  | CUSIP: G3066L101<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |     23900 | NS      | $190311.14    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA CONSUMER PRODUCTS L /INR/                           | TATA CONSUMER PRODUCTS LTD /INR/ 0.00000000                                               | CUSIP: Y85484130<br>LEI: 335800LOXFWU8ZQJMD12 | Long             | EC               | CORP              | IN        |     16854 | NS      | $218480.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MMG LIMITED /HKD/                                        | MMG LIMITED /HKD/ 0.00000000                                                              | CUSIP: Y6133Q102<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    128000 | NS      | $47519.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING-SHANGHAI HIGH SP /CNH/                           | BEIJING-SHANGHAI HIGH SPE-A    /CNH/ 0.00000000                                           | CUSIP: Y0S031107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     79200 | NS      | $64358.14     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SM INVESTMENTS CORP /PHP/                                | SM INVESTMENTS CORP /PHP/ 0.00000000                                                      | CUSIP: Y80676102<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |      6120 | NS      | $91617.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MINISO GROUP HOLDING LTD /HKD/                           | MINISO GROUP HOLDING LTD /HKD/ 0.00000000                                                 | CUSIP: G6180F108<br>LEI: 2549006PIKT2YKNBL092 | Long             | EC               | CORP              | CN        |     12516 | NS      | $53729.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VANGUARD INTERNATIONAL /TWD/                             | VANGUARD INTERNATIONAL SEMICONDUCTOR CORPORATION /TWD/ 0.00000000                         | CUSIP: Y9353N106<br>LEI: 2549001S5Q158BIJJO13 | Long             | EC               | CORP              | TW        |     32013 | NS      | $88490.92     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DELHIVERY LTD /INR/                                      | DELHIVERY LTD /INR/ 0.00000000                                                            | CUSIP: Y2R2UW201<br>LEI: 335800CUQ1SBCH9TTH82 | Long             | EC               | CORP              | IN        |    130000 | NS      | $545181.97    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MICRO-STAR INTERNATIONAL /TWD/                           | MICRO-STAR INTERNATIONAL CO /TWD/ 0.00000000                                              | CUSIP: Y6037M108<br>LEI: 254900F4E0BDGJSSD870 | Long             | EC               | CORP              | TW        |     22000 | NS      | $103557.41    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG BIOLOGICS CO LTD /KRW/                           | SAMSUNG BIOLOGICS CO LTD /KRW/ 144A 0.00000000                                            | CUSIP: Y7T7DY103<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1417 | NS      | $1058200.87   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ALKEM LABORATORIES LTD /INR/                             | ALKEM LABORATORIES LTD /INR/ 0.00000000                                                   | CUSIP: Y0R6P5102<br>LEI: 335800GCAE5WIF4PSG69 | Long             | EC               | CORP              | IN        |      1166 | NS      | $69476.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HUANENG POWER INTL INC-A /CNY/                           | HUANENG POWER INTL INC-A /CNY/ 0.00000000                                                 | CUSIP: Y3744A113<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22500 | NS      | $22579.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LI NING CO LTD /HKD/                                     | LI NING CO LTD /HKD/ 0.00000000                                                           | CUSIP: G5496K124<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | CN        |     66500 | NS      | $126257.29    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MR DIY GROUP M BHD /MYR/                                 | MR DIY GROUP M BHD /MYR/ 144A 0.00000000                                                  | CUSIP: Y6143M257<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    103300 | NS      | $38350.79     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SHANGHAI PHARMACEUTICALS /CNH/                           | SHANGHAI PHARMACEUTICALS-A     /CNH/ 0.00000000                                           | CUSIP: Y7682C106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2700 | NS      | $6891.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GROUP GLASS INDUST /CNY/                           | FUYAO GROUP GLASS INDUSTR-A /CNY/ 0.00000000                                              | CUSIP: Y2676W101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4100 | NS      | $33001.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| WEICHAI POWER CO LTD-A /CNH/                             | WEICHAI POWER CO LTD-A /CNH/ 0.00000000                                                   | CUSIP: Y9531A117<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     12400 | NS      | $25815.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMMB HOLDINGS BHD /MYR/                                  | AMMB HOLDINGS BHD /MYR/ 0.00000000                                                        | CUSIP: Y0122P100<br>LEI: 254900R0GQB7U67SCH62 | Long             | EC               | CORP              | MY        |     66500 | NS      | $81878.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BOSCH LTD /INR/                                          | BOSCH LTD /INR/ 0.00000000                                                                | CUSIP: Y6139L131<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |       198 | NS      | $72676.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA COSCO HOLDINGS-A /CNH/                             | CHINA COSCO HOLDINGS-A /CNH/ 0.00000000                                                   | CUSIP: Y1455B114<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20320 | NS      | $46249.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA INTERNATIONAL CAPT /CNH/                           | CHINA INTERNATIONAL CAPTAL-A /CNH/ 0.00000000                                             | CUSIP: Y1R99Y117<br>LEI: 529900OS3SVVTT56QN67 | Long             | EC               | CORP              | CN        |     10700 | NS      | $49053.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FUYAO GLASS INDUSTRY GRO /HKD/                           | FUYAO GLASS INDUSTRY GROUP-H /HKD/ 144A 0.00000000                                        | CUSIP: Y2680G100<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |     16800 | NS      | $119588.36    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ADARO ENERGY INDONESIA /IDR/                             | ADARO ENERGY INDONESIA TBK PT /IDR/ 0.00000000                                            | CUSIP: Y7087B109<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |    401700 | NS      | $54220.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHUI GUJING DISTILLERY  /HKD/                           | ANHUI GUJING DISTILLERY CO-B /HKD/ 0.00000000                                             | CUSIP: Y0137M100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3700 | NS      | $53728.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| YADEA GROUP HOLDINGS LTD /HKD/                           | YADEA GROUP HOLDINGS LTD /HKD/ 144A 0.00000000                                            | CUSIP: G9830F106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     42000 | NS      | $64004.25     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CSPC INNOVATION PHARMACE /CNH/                           | CSPC INNOVATION PHARMACEUT A   /CNH/ 0.00000000                                           | CUSIP: Y1825N103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2880 | NS      | $20663.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JD HEALTH INTERNATIONAL  /HKD/                           | JD HEALTH INTERNATIONAL INC /HKD/ 144A 0.00000000                                         | CUSIP: G5074A100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     31900 | NS      | $163378.19    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK OF CHINA LTD-H /HKD/                                | BANK OF CHINA LTD-H /HKD/ 0.00000000                                                      | CUSIP: Y0698A107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   2054000 | NS      | $1189009.30   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| KUAISHOU TECHNOLOGY /HKD/                                | KUAISHOU TECHNOLOGY /HKD/ 144A 0.00000000                                                 | CUSIP: G53263102<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |     77800 | NS      | $522940.20    | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK OF BARODA /INR/                                     | BANK OF BARODA /INR/ 0.00000000                                                           | CUSIP: Y0643L141<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     28101 | NS      | $82318.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LUXSHARE PRECISION INDUS /CNH/                           | LUXSHARE PRECISION INDUSTR-A /CNH/ 0.00000000                                             | CUSIP: Y7744X106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11038 | NS      | $46401.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUATORIAL ENERGIA SA -  /BRL/                           | EQUATORIAL ENERGIA SA - ORD /BRL/ 0.00000000                                              | CUSIP: P3773H104<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33487 | NS      | $214622.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERGLOBE AVIATION LTD /INR/                            | INTERGLOBE AVIATION LTD /INR/ 144A 0.00000000                                             | CUSIP: Y4R97L111<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |      5671 | NS      | $353538.03    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KANZHUN LTD - ADR                                        | KANZHUN LTD - ADR 0.00000000                                                              | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |      8284 | NS      | $140496.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BILIBILI INC-CLASS Z /HKD/                               | BILIBILI INC-CLASS Z /HKD/ 0.00000000                                                     | CUSIP: G1098A101<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |      6207 | NS      | $114231.67    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AL RAYAN BANK /QAR/                                      | AL RAYAN BANK /QAR/ 0.00000000                                                            | CUSIP: M6850J102<br>LEI: 254900KFL51VLXABR231 | Long             | EC               | CORP              | QA        |    185855 | NS      | $114236.15    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRASIM INDUSTRIES LTD /INR/                              | GRASIM INDUSTRIES LTD /INR/ 0.00000000                                                    | CUSIP: Y2851U102<br>LEI: 335800WLY7FOIT3ERV21 | Long             | EC               | CORP              | IN        |      8058 | NS      | $238829.21    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED CO RUSAL INTERNAT /RUB/                           | UNITED CO RUSAL INTERNATIONA /RUB/ 0.00000000                                             | CUSIP: X9513D106<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     88972 | NS      | $11.48        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KWEICHOW MOUTAI CO LTD-A /CNY/                           | KWEICHOW MOUTAI CO LTD-A /CNY/ 0.00000000                                                 | CUSIP: Y29467100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2188 | NS      | $462274.73    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN MINING CO /SAR/                            | SAUDI ARABIAN MINING CO /SAR/ 0.00000000                                                  | CUSIP: M8236Q107<br>LEI: 254900R4HAVLB4GY9713 | Long             | EC               | CORP              | SA        |     38453 | NS      | $521478.86    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| XP INC - CLASS A                                         | XP INC - CLASS A 0.00000000                                                               | CUSIP: G98239109<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     12385 | NS      | $239773.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALUMINUM CORP OF CHINA L /CNY/                           | ALUMINUM CORP OF CHINA LTD-A /CNY/ 0.00000000                                             | CUSIP: Y0094N125<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     31400 | NS      | $28517.38     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVER /CLP/                           | BANCO DE CREDITO E INVERSION /CLP/ 0.00000000                                             | CUSIP: P32133111<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |      2818 | NS      | $108830.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BARWA REAL ESTATE CO /QAR/                               | BARWA REAL ESTATE CO /QAR/ 0.00000000                                                     | CUSIP: M1995R101<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |     58133 | NS      | $45911.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MLP SAGLIK HIZMETLERI AS /TRY/                           | MLP SAGLIK HIZMETLERI AS /TRY/ 144A 0.00000000                                            | CUSIP: M7030H107<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |    190000 | NS      | $1530314.32   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ANHUI GUJING DISTILLERY  /CNH/                           | ANHUI GUJING DISTILLERY CO-A /CNH/ 0.00000000                                             | CUSIP: Y0137M118<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1000 | NS      | $20876.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA PETROLEUM & CHEMIC /HKD/                           | CHINA PETROLEUM & CHEMICAL-H /HKD/ 0.00000000                                             | CUSIP: Y15010104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    714000 | NS      | $384748.30    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BRF SA /BRL/                                             | BRF SA /BRL/ 0.00000000                                                                   | CUSIP: P1905C100<br>LEI: 254900MTXR9LUVQFU480 | Long             | EC               | CORP              | BR        |     15753 | NS      | $55922.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GULF DEVELOPMENT PCL-NVD /THB/                           | GULF DEVELOPMENT PCL-NVDR /THB/ 0.00000000                                                | CUSIP: Y8620G720<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    129098 | NS      | $176873.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ADES HOLDING CO /SAR/                                    | ADES HOLDING CO /SAR/ 0.00000000                                                          | CUSIP: M0183W104<br>LEI: 98450075A96DF4FE9813 | Long             | EC               | CORP              | SA        |      8788 | NS      | $32708.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MOBILE TELECOMMUNICATION /KWD/                           | MOBILE TELECOMMUNICATIONS CO /KWD/ 0.00000000                                             | CUSIP: M7034R101<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     62567 | NS      | $97122.51     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TURK SISE VE CAM FABRIKA /TRY/                           | TURK SISE VE CAM FABRIKALARI /TRY/ 0.00000000                                             | CUSIP: M9013U105<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |     28575 | NS      | $24114.51     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HANMI SEMICONDUCTOR CO L /KRW/                           | HANMI SEMICONDUCTOR CO LTD /KRW/ 0.00000000                                               | CUSIP: Y3R62P107<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1096 | NS      | $63821.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLAR INDUSTRIES INDIA L /INR/                           | SOLAR INDUSTRIES INDIA LTD /INR/ 0.00000000                                               | CUSIP: Y806C9126<br>LEI: 3358002ANWRT2YJ79L60 | Long             | EC               | CORP              | IN        |       790 | NS      | $148279.68    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WIPRO LTD /INR/                                          | WIPRO LTD /INR/ 0.00000000                                                                | CUSIP: Y96659142<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |     72562 | NS      | $211928.81    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ASUSTEK COMPUTER INC /TWD/                               | ASUSTEK COMPUTER INC /TWD/ 0.00000000                                                     | CUSIP: Y04327105<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |     20000 | NS      | $413506.07    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NEPI ROCKCASTLE N /ZAR/                                  | NEPI ROCKCASTLE N /ZAR/ 0.00000000                                                        | CUSIP: N6S06Q108<br>LEI: 549300FMWM53K9ULYT15 | Long             | EC               | CORP              | NL        |     16911 | NS      | $130058.39    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNDARAM FINANCE LTD /INR/                               | SUNDARAM FINANCE LTD /INR/ 0.00000000                                                     | CUSIP: Y8210G114<br>LEI: 335800QM6HEH82BEJY45 | Long             | EC               | CORP              | IN        |      2112 | NS      | $126801.72    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER CONSTRUCTION CORP  /CNY/                           | POWER CONSTRUCTION CORP OF-A  /CNY/ 0.00000000                                            | CUSIP: Y7999Z103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     22300 | NS      | $14597.28     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OIL INDIA LTD /INR/                                      | OIL INDIA LTD /INR/ 0.00000000                                                            | CUSIP: Y64210100<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     13625 | NS      | $68055.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UNILEVER PLC /EUR/                                       | UNILEVER PLC /EUR/ 0.00000000                                                             | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     17638 | NS      | $1118240.81   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIAL BANK CO LTD - /CNH/                           | INDUSTRIAL BANK CO LTD -A /CNH/ 0.00000000                                                | CUSIP: Y3990D100<br>LEI: 300300C1030935001303 | Long             | EC               | CORP              | CN        |     39200 | NS      | $122959.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| F/C MSCI EMGMKT       JUN25                              | FUTURE CONTRACT ON           MSCI EMGMKT       JUN25 0.00000000                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        22 | NC      | $1264230.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BOUBYAN BANK K.S.C /KWD/                                 | BOUBYAN BANK K.S.C /KWD/ 0.00000000                                                       | CUSIP: M2035S117<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     45974 | NS      | $100749.03    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BEIJING TIANTAN BIOLOGIC /CNY/                           | BEIJING TIANTAN BIOLOGICAL-A /CNY/ 0.00000000                                             | CUSIP: Y0770S109<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5880 | NS      | $15547.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ULTRATECH CEMENT LTD /INR/                               | ULTRATECH CEMENT LTD /INR/ 0.00000000                                                     | CUSIP: Y9046E109<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     22782 | NS      | $2986888.08   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTOFAGASTA PLC /GBP/                                    | ANTOFAGASTA PLC /GBP/ 0.00000000                                                          | CUSIP: G0398N128<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |     80068 | NS      | $1918488.14   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| WAN HAI LINES LTD /TWD/                                  | WAN HAI LINES LTD /TWD/ 0.00000000                                                        | CUSIP: Y9507R102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     19630 | NS      | $70142.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INFO EDGE INDIA LTD /INR/                                | INFO EDGE INDIA LTD /INR/ 0.00000000                                                      | CUSIP: Y40353123<br>LEI: 335800MXUVHTBF9DEC78 | Long             | EC               | CORP              | IN        |      9925 | NS      | $165736.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RUYI HOLDINGS LTD /HKD/                            | HENGTEN NETWORKS GROUP /HKD/ 0.00000000                                                   | CUSIP: G4404N114<br>LEI: 984500976440498D1C06 | Long             | EC               | CORP              | HK        |    208000 | NS      | $54087.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HYUNDAI MOTOR INDIA LTD /INR/                            | HYUNDAI MOTOR INDIA LTD /INR/ 0.00000000                                                  | CUSIP: Y3824T115<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |      4546 | NS      | $98151.68     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| INNOVENT BIOLOGICS INC /HKD/                             | INNOVENT BIOLOGICS INC /HKD/ 144A 0.00000000                                              | CUSIP: G4818G101<br>LEI: 25490058ONL9SCIE1R22 | Long             | EC               | CORP              | CN        |     35000 | NS      | $275159.15    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NINGBO DEYE TECHNOLOGY C /CNH/                           | NINGBO DEYE TECHNOLOGY CO -A /CNH/ 0.00000000                                             | CUSIP: Y6368K101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2492 | NS      | $28403.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AXIS BANK LTD /INR/                                      | AXIS BANK LTD /INR/ 0.00000000                                                            | CUSIP: Y0487S137<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |    116994 | NS      | $1628476.67   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| LG ENERGY SOLUTION /KRW/                                 | LG ENERGY SOLUTION /KRW/ 0.00000000                                                       | CUSIP: Y5S5CG102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1318 | NS      | $271395.74    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA RAILWAY GROUP LTD /HKD/                            | CHINA RAILWAY GROUP LTD /HKD/ 0.00000000                                                  | CUSIP: Y1509D116<br>LEI: 529900TFRLG8UDJ7QA89 | Long             | EC               | CORP              | CN        |    138000 | NS      | $62284.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY CATERING  /INR/                           | INDIAN RAILWAY CATERING & TO /INR/ 0.00000000                                             | CUSIP: Y3R2EY120<br>LEI: 335800TVHEFK23CTJG98 | Long             | EC               | CORP              | IN        |      7982 | NS      | $70670.72     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE BRASIL ENERGIA SA /BRL/                            | ENGIE BRASIL ENERGIA SA /BRL/ 0.00000000                                                  | CUSIP: P37625103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    108078 | NS      | $776035.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ELM CO /SAR/                                             | ELM CO /SAR/ 0.00000000                                                                   | CUSIP: M3046F102<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |       700 | NS      | $190049.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| REALTEK SEMICONDUCTOR CO /TWD/                           | REALTEK SEMICONDUCTOR CORP /TWD/ 0.00000000                                               | CUSIP: Y7220N101<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |     15000 | NS      | $268756.75    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HUANENG POWER INTL INC-H /HKD/                           | HUANENG POWER INTL INC-H /HKD/ 0.00000000                                                 | CUSIP: Y3744A105<br>LEI: 529900WU0SMVKMPG4V21 | Long             | EC               | CORP              | CN        |    114000 | NS      | $71895.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SHANGHAI INTERNATIONAL A /CNH/                           | SHANGHAI INTERNATIONAL AIR-A /CNH/ 0.00000000                                             | CUSIP: Y7682X100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2000 | NS      | $8969.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YTL CORP BHD WRT 12/31/49/MYR/                           | YTL CORP BHD WRTS WARRANTS____  EXP 12/31/49 /MYR/_ 0.00000000                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | MY        |     16560 | NS      | $1244.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PB FINTECH LTD /INR/                                     | PB FINTECH LTD /INR/ 0.00000000                                                           | CUSIP: Y67616287<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |     10276 | NS      | $210139.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIC MOTOR CORP LTD-A /CNH/                              | SAIC MOTOR CORP LTD-A /CNH/ 0.00000000                                                    | CUSIP: Y7680D106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11800 | NS      | $26555.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HMM CO LTD /KRW/                                         | HMM CO LTD /KRW/ 0.00000000                                                               | CUSIP: Y3843P102<br>LEI: 988400M8Q35QDZ4XXW80 | Long             | EC               | CORP              | KR        |      7877 | NS      | $121471.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW HOPE LIUHE CO LTD-A /CNH/                            | NEW HOPE LIUHE CO LTD-A /CNH/ 0.00000000                                                  | CUSIP: Y7933V101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6400 | NS      | $8511.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD-ADR                                   | TRIP.COM GROUP LTD-ADR 0.00000000                                                         | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |     35148 | NS      | $2202022.20   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| REC LTD /INR/                                            | REC LTD /INR/ 0.00000000                                                                  | CUSIP: Y73650106<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     37082 | NS      | $174542.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ASIA VITAL COMPONENTS /TWD/                              | ASIA VITAL COMPONENTS /TWD/ 0.00000000                                                    | CUSIP: Y0392D100<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      9000 | NS      | $183136.70    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| AU SMALL FINANCE BANK LT /INR/                           | AU SMALL FINANCE BANK LTD /INR/ 144A 0.00000000                                           | CUSIP: Y0R772123<br>LEI: 3358006J6L5P5MWKCU97 | Long             | EC               | CORP              | IN        |     10537 | NS      | $85535.62     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CHROMA ATE INC /TWD/                                     | CHROMA ATE INC /TWD/ 0.00000000                                                           | CUSIP: Y1604M102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     88000 | NS      | $975145.92    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MEDICAL SYSTEM HOL /HKD/                           | CHINA MEDICAL SYSTEM HOLDING /HKD/ 0.00000000                                             | CUSIP: G21108124<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | HK        |    809000 | NS      | $1102442.06   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| GMR AIRPORTS INFRASTRUC /INR/                            | GMR AIRPORTS INFRASTRUCTURE___  LTD /INR/ 0.00000000                                      | CUSIP: Y2730E121<br>LEI: 3358008S2MTRWZ255P70 | Long             | EC               | CORP              | IN        |     94009 | NS      | $92454.38     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASHOK LEYLAND LTD /INR/                                  | ASHOK LEYLAND LTD /INR/ 0.00000000                                                        | CUSIP: Y0266N143<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     39500 | NS      | $109086.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GRUPO CIBEST SA /COP/                                    | GRUPO CIBEST SA /COP/ 0.00000000                                                          | CUSIP: P49500104<br>LEI: N/A                  | Long             | EC               | CORP              | CO        |      6956 | NS      | $81697.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LIFE INSURANCE CO- /HKD/                           | CHINA LIFE INSURANCE CO-H /HKD/ 0.00000000                                                | CUSIP: Y1477R204<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    215000 | NS      | $434285.30    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK MANDIRI PERSERO TBK /IDR/                           | BANK MANDIRI PERSERO TBK PT /IDR/ 0.00000000                                              | CUSIP: Y7123S108<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   4467448 | NS      | $1451674.82   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE SA-SP ADR                                           | VALE SA-SP ADR 0.00000000                                                                 | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    110105 | NS      | $1005258.65   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA TAIPING INSURANCE  /HKD/                           | CHINA TAIPING INSURANCE HOLD /HKD/ 0.00000000                                             | CUSIP: Y1456Z151<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     35800 | NS      | $54545.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COAL INDIA LTD /INR/                                     | COAL INDIA LTD /INR/ 0.00000000                                                           | CUSIP: Y1668L107<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     53365 | NS      | $248012.41    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| INNOLUX CORP /TWD/                                       | INNOLUX CORP /TWD/ 0.00000000                                                             | CUSIP: Y4090E105<br>LEI: 3003007EXL0825P1MJ10 | Long             | EC               | CORP              | TW        |    190164 | NS      | $76795.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ABSA GROUP LTD /ZAR/                                     | ABSA GROUP LTD /ZAR/ 0.00000000                                                           | CUSIP: S0270C106<br>LEI: 2138006IPPRD4N6XLT30 | Long             | EC               | CORP              | ZA        |     24155 | NS      | $233705.05    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GREAT WALL MOTOR CO LTD- /CNH/                           | GREAT WALL MOTOR CO LTD-A /CNH/ 0.00000000                                                | CUSIP: Y2882P114<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4100 | NS      | $12824.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| APL APOLLO TUBES LTD /INR/                               | APL APOLLO TUBES LTD /INR/ 0.00000000                                                     | CUSIP: Y0181Q148<br>LEI: 335800ZU4GXSB7Q4IU95 | Long             | EC               | CORP              | IN        |      4996 | NS      | $105872.39    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOPRO MATERIALS CO LTD /KRW/                            | ECOPRO MATERIALS CO LTD /KRW/ 0.00000000                                                  | CUSIP: Y2246W102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       719 | NS      | $23297.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ETIHAD ETISALAT CO /SAR/                                 | ETIHAD ETISALAT CO /SAR/ 0.00000000                                                       | CUSIP: M4100E106<br>LEI: 2549007BA9ABDE3HVK79 | Long             | EC               | CORP              | SA        |    108508 | NS      | $1713485.32   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| GUANGZHOU AUTOMOBILE GRO /CNH/                           | GUANGZHOU AUTOMOBILE GROUP-A /CNH/ 0.00000000                                             | CUSIP: Y2R318105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15100 | NS      | $16184.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INFOSYS LTD /INR/ /NSDL/                                 | INFOSYS LIMITED /INR/    /NSDL/ 0.00000000                                                | CUSIP: Y4082C133<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     95970 | NS      | $1754266.41   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| PKO BANK POLSKI SA /PLN/                                 | PKO BANK POLSKI SA /PLN/ 0.00000000                                                       | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |    169795 | NS      | $3418172.40   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| YEALINK NETWORK TECHNOLO /CNH/                           | YEALINK NETWORK TECHNOLOGY-A /CNH/ 0.00000000                                             | CUSIP: Y9750S104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1470 | NS      | $6887.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SINOPHARM GROUP CO-H /HKD/                               | SINOPHARM GROUP CO-H /HKD/ 0.00000000                                                     | CUSIP: Y8008N107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    592972 | NS      | $1431803.63   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| GUOSEN SECURITIES CO LTD /CNH/                           | GUOSEN SECURITIES CO LTD-A /CNH/ 0.00000000                                               | CUSIP: Y295A2103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      9400 | NS      | $14632.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHONGQING CHANGAN AUTOMO /CNH/                           | CHONGQING CHANGAN AUTOMOB-A /CNH/ 0.00000000                                              | CUSIP: Y1584K100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16182 | NS      | $27649.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TELKOM INDONESIA PERSERO /IDR/                           | TELKOM INDONESIA PERSERO TBK /IDR/ 0.00000000                                             | CUSIP: Y71474145<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   1379687 | NS      | $238371.04    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HAFEI AVIATION INDUSTRY  /CNY/                           | HAFEI AVIATION INDUSTRY CO-A /CNY/ 0.00000000                                             | CUSIP: Y2981F108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2200 | NS      | $11214.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROBRAS - PETROLEO BRA /BRL/                           | PETROBRAS - PETROLEO BRAS-PR /BRL/ 0.00000000                                             | CUSIP: P78331140<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    132430 | NS      | $715599.99    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL HUNGARIAN OIL AND GA /HUF/                           | MOL HUNGARIAN OIL AND GAS PL /HUF/ 0.00000000                                             | CUSIP: X5S32S129<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    125718 | NS      | $1087784.30   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA TECHNOLOGY GROUP C /CNH/                           | NAURA TECHNOLOGY GROUP CO-A /CNH/ 0.00000000                                              | CUSIP: Y0772M100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       800 | NS      | $46469.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO UNIBANK INC /PHP/                                    | BDO UNIBANK INC /PHP/ 0.00000000                                                          | CUSIP: Y07775102<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |     68164 | NS      | $194838.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WALMART DE MEXICO SAB DE /MXN/                           | WALMART DE MEXICO SAB DE CV /MXN/ 0.00000000                                              | CUSIP: P98180188<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    709788 | NS      | $2318283.03   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC /KRW/                                       | SK HYNIX INC /KRW/ 0.00000000                                                             | CUSIP: Y8085F100<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     73761 | NS      | $10925015.48  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF HANGZHOU CO LTD- /CNY/                           | BANK OF HANGZHOU CO LTD-A /CNY/ 0.00000000                                                | CUSIP: Y0R98A104<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     14800 | NS      | $34236.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN INSURANCE GROUP  /CNH/                           | PING AN INSURANCE GROUP CO-A   /CNH/ 0.00000000                                           | CUSIP: Y6898C116<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     23000 | NS      | $169871.02    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIC BLUEPARK NEW ENERGY /CNH/                           | BAIC BLUEPARK NEW ENERGY  -A /CNH/ 0.00000000                                             | CUSIP: Y1306F108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     16800 | NS      | $16784.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NH INVESTMENT & SECURITI /KRW/                           | NH INVESTMENT & SECURITIES C /KRW/ 0.00000000                                             | CUSIP: Y6S75L806<br>LEI: 549300LQ6NXDW1B8NT42 | Long             | EC               | CORP              | KR        |      3575 | NS      | $44616.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| INDOFOOD CBP SUKSES MAKM /IDR/                           | INDOFOOD CBP SUKSES MAKMUR T /IDR/ 0.00000000                                             | CUSIP: Y71260106<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |     74900 | NS      | $50059.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ZTO EXPRESS CAYMAN INC /HKD/                             | ZTO EXPRESS CAYMAN INC /HKD/ 0.00000000                                                   | CUSIP: G9897K105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | CN        |     12405 | NS      | $218837.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| TUPRAS-TURKIYE PETROL RA /TRY/                           | TUPRAS-TURKIYE PETROL RAFINE /TRY/ 0.00000000                                             | CUSIP: M8966X108<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |     26836 | NS      | $85019.97     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NIO INC-CLASS A /HKD/                                    | NIO INC-CLASS A /HKD/ 0.00000000                                                          | CUSIP: G6525F102<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |     47113 | NS      | $166417.38    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA SHENHUA ENERGY CO- /CNH/                           | CHINA SHENHUA ENERGY CO-A /CNH/ 0.00000000                                                | CUSIP: Y1504C121<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13299 | NS      | $72966.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Morgan Stanley Pathway Funds

**Signature:** Francis Smith

**Name of Signer:** Francis Smith

**Title:** Chief Financial Officer