# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0001752724-23-045038
**Filing Date:** 2023-2
**Character Count:** 1451509
**Document Hash:** 33e59cbf8ac289c3d15e9d77f9d4a3ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045038.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045038

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 23680342

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Macro Opportunities Fund (Series ID: S000043989)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000136521 | A-Class             | GIOAX           |
| C000136522 | C-Class             | GIOCX           |
| C000136523 | Institutional Class | GIOIX           |
| C000152104 | R6                  |  |
| C000155969 | P                   | GIOPX           |

## Nport-Ex

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 92.4%** | **COMMON STOCKS<sup>†</sup> - 92.4%** | **COMMON STOCKS<sup>†</sup> - 92.4%** |
| **Consumer, Non-cyclical - 22.2%** |  |  |
| Quest Diagnostics, Inc. | 2071 | $323884 |
| Ironwood Pharmaceuticals, Inc. — Class A<sup>\*</sup> | 25669 | 318039 |
| Coca-Cola Co. | 4858 | 309017 |
| Hologic, Inc.<sup>\*</sup> | 4109 | 307394 |
| John B Sanfilippo & Son, Inc. | 3772 | 306739 |
| Hershey Co. | 1324 | 306598 |
| IDEXX Laboratories, Inc.<sup>\*</sup> | 689 | 281085 |
| Perdoceo Education Corp.<sup>\*</sup> | 20196 | 280724 |
| Bristol-Myers Squibb Co.<sup>1</sup> | 3814 | 274417 |
| Prestige Consumer Healthcare, Inc.<sup>\*</sup> | 4049 | 253468 |
| Danaher Corp. | 913 | 242329 |
| Altria Group, Inc.<sup>1</sup> | 5005 | 228778 |
| USANA Health Sciences, Inc.<sup>\*</sup> | 4279 | 227643 |
| Royalty Pharma plc — Class A | 5750 | 227240 |
| Varex Imaging Corp.<sup>\*</sup> | 11134 | 226020 |
| Tyson Foods, Inc. — Class A<sup>1</sup> | 3604 | 224349 |
| Post Holdings, Inc.<sup>\*,1</sup> | 2345 | 211660 |
| Triton International Ltd. | 2775 | 190865 |
| EVERTEC, Inc. | 5693 | 184339 |
| Monster Beverage Corp.<sup>\*</sup> | 1779 | 180622 |
| Jazz Pharmaceuticals plc<sup>\*</sup> | 1027 | 163611 |
| United Therapeutics Corp.<sup>\*,1</sup> | 581 | 161570 |
| Globus Medical, Inc. — Class A<sup>\*</sup> | 2153 | 159903 |
| Gilead Sciences, Inc. | 1837 | 157707 |
| Supernus Pharmaceuticals, Inc.<sup>\*</sup> | 4297 | 153274 |
| Vertex Pharmaceuticals, Inc.<sup>\*,1</sup> | 513 | 148144 |
| Eagle Pharmaceuticals, Inc.<sup>\*,1</sup> | 4660 | 136212 |
| Incyte Corp.<sup>\*,1</sup> | 1538 | 123532 |
| Lamb Weston Holdings, Inc.<sup>1</sup> | 1319 | 117866 |
| Innoviva, Inc.<sup>\*</sup> | 8822 | 116892 |
| Regeneron Pharmaceuticals, Inc.<sup>\*,1</sup> | 125 | 90186 |
| Inter Parfums, Inc. | 913 | 88123 |
| Vanda Pharmaceuticals, Inc.<sup>\*</sup> | 11390 | 84172 |
| Quanex Building Products Corp. | 3492 | 82691 |
| Amphastar Pharmaceuticals, Inc.<sup>\*,1</sup> | 2907 | 81454 |
| Exelixis, Inc.<sup>\*</sup> | 5069 | 81307 |
| Eli Lilly & Co. | 174 | 63656 |
| **Total Consumer, Non-cyclical** |  | 7115510 |
| **Industrial - 15.1%** |  |  |
| Textron, Inc.<sup>1</sup> | 4305 | 304794 |
| Donaldson Company, Inc. | 5172 | 304476 |
| Graco, Inc. | 4503 | 302872 |
| Standex International Corp. | 2890 | 295965 |
| Snap-on, Inc.<sup>1</sup> | 1282 | 292924 |
| Emerson Electric Co.<sup>1</sup> | 2989 | 287123 |
| Eagle Materials, Inc.<sup>1</sup> | 2053 | 272741 |
| Albany International Corp. — Class A<sup>1</sup> | 2744 | 270531 |
| Louisiana-Pacific Corp.<sup>1</sup> | 4245 | 251304 |
| General Dynamics Corp. | 940 | 233223 |
| Vishay Intertechnology, Inc.<sup>1</sup> | 10787 | 232676 |
| Lockheed Martin Corp. | 471 | 229137 |
| Sturm Ruger & Company, Inc. | 3930 | 198937 |
| Advanced Energy Industries, Inc.<sup>1</sup> | 2198 | 188544 |
| Acuity Brands, Inc.<sup>1</sup> | 1130 | 187139 |
| Mueller Industries, Inc.<sup>1</sup> | 2672 | 157648 |
| Sealed Air Corp. | 3052 | 152234 |
| Dorian LPG Ltd. | 7986 | 151335 |
| AMETEK, Inc. | 962 | 134411 |
| 3M Co. | 943 | 113084 |
| Otis Worldwide Corp. | 1206 | 94442 |
| OSI Systems, Inc.<sup>\*</sup> | 1135 | 90255 |
| PGT Innovations, Inc.<sup>\*</sup> | 4888 | 87788 |
| **Total Industrial** |  | 4833583 |
| **Consumer, Cyclical - 11.8%** |  |  |
| Wyndham Hotels & Resorts, Inc. | 4279 | 305136 |
| Columbia Sportswear Co. | 3473 | 304165 |
| Yum! Brands, Inc. | 2368 | 303293 |
| GMS, Inc.<sup>\*,1</sup> | 5089 | 253432 |
| Home Depot, Inc.<sup>1</sup> | 774 | 244476 |
| Brunswick Corp.<sup>1</sup> | 3340 | 240747 |
| Allison Transmission Holdings, Inc.<sup>1</sup> | 5571 | 231754 |
| MSC Industrial Direct Company, Inc. — Class A | 2359 | 192730 |
| Methode Electronics, Inc. | 3972 | 176238 |
| Buckle, Inc.<sup>1</sup> | 3845 | 174371 |
| Starbucks Corp. | 1389 | 137789 |
| Boyd Gaming Corp.<sup>1</sup> | 2406 | 131199 |
| Steven Madden Ltd. | 3831 | 122439 |
| Academy Sports & Outdoors, Inc.<sup>1</sup> | 2313 | 121525 |
| Haverty Furniture Companies, Inc. | 3855 | 115264 |
| Oxford Industries, Inc. | 1184 | 110325 |
| Lowe's Companies, Inc. | 538 | 107191 |
| Patrick Industries, Inc. | 1645 | 99687 |
| Williams-Sonoma, Inc.<sup>1</sup> | 842 | 96763 |
| Group 1 Automotive, Inc.<sup>1</sup> | 502 | 90546 |
| Watsco, Inc. | 358 | 89285 |
| Winnebago Industries, Inc. | 1393 | 73411 |
| Ethan Allen Interiors, Inc. | 2609 | 68930 |
| **Total Consumer, Cyclical** |  | 3790696 |
| **Financial - 11.1%** |  |  |
| Preferred Bank/Los Angeles CA | 4213 | 314374 |
| Heritage Financial Corp. | 9910 | 303642 |
| National Bank Holdings Corp. — Class A | 7121 | 299580 |
| Hope Bancorp, Inc. | 23385 | 299562 |
| S&T Bancorp, Inc.<sup>1</sup> | 8676 | 296546 |
| Renasant Corp.<sup>1</sup> | 7877 | 296096 |
| TowneBank | 9377 | 289187 |
| Evercore, Inc. — Class A | 1711 | 186636 |
| International Bancshares Corp. | 3400 | 155584 |
| Office Properties Income Trust REIT | 10230 | 136571 |
| Central Pacific Financial Corp.<sup>1</sup> | 6229 | 126324 |
| BankUnited, Inc.<sup>1</sup> | 3679 | 124976 |
| Stewart Information Services Corp. | 2789 | 119174 |
| Virtus Investment Partners, Inc. | 528 | 101080 |
| Hilltop Holdings, Inc. | 3192 | 95792 |
| Marcus & Millichap, Inc. | 2747 | 94634 |
| Bread Financial Holdings, Inc.<sup>1</sup> | 2323 | 87484 |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 92.4% (continued)** | | |
| **Financial - 11.1% (continued)** |  |  |
| Visa, Inc. — Class A | 409 | $84974 |
| PennyMac Financial Services, Inc. | 1393 | 78928 |
| NMI Holdings, Inc. — Class A<sup>\*</sup> | 3175 | 66357 |
| **Total Financial** |  | 3557501 |
| **Energy - 8.5%** |  |  |
| Exxon Mobil Corp.<sup>1</sup> | 2853 | 314686 |
| Marathon Petroleum Corp.<sup>1</sup> | 2701 | 314370 |
| Antero Midstream Corp.<sup>1</sup> | 27523 | 296973 |
| DT Midstream, Inc.<sup>1</sup> | 5190 | 286799 |
| Kinder Morgan, Inc.<sup>1</sup> | 15769 | 285104 |
| Valero Energy Corp. | 1562 | 198155 |
| Williams Companies, Inc. | 5222 | 171804 |
| Phillips 66<sup>1</sup> | 1541 | 160387 |
| CVR Energy, Inc.<sup>1</sup> | 4789 | 150087 |
| Occidental Petroleum Corp. | 1883 | 118610 |
| REX American Resources Corp.<sup>\*</sup> | 3169 | 100964 |
| SunCoke Energy, Inc. | 11348 | 97933 |
| Par Pacific Holdings, Inc.<sup>\*</sup> | 3351 | 77911 |
| Equitrans Midstream Corp.<sup>1</sup> | 10920 | 73164 |
| ONEOK, Inc.<sup>1</sup> | 1091 | 71679 |
| **Total Energy** |  | 2718626 |
| **Technology - 8.0%** |  |  |
| Cirrus Logic, Inc.<sup>\*,1</sup> | 4035 | 300527 |
| Applied Materials, Inc. | 2473 | 240821 |
| Synopsys, Inc.<sup>\*</sup> | 737 | 235317 |
| Microsoft Corp. | 819 | 196412 |
| Dropbox, Inc. — Class A<sup>\*</sup> | 7678 | 171834 |
| Maximus, Inc. | 1887 | 138374 |
| Diodes, Inc.<sup>\*</sup> | 1435 | 109261 |
| Teradata Corp.<sup>\*</sup> | 3120 | 105019 |
| NetScout Systems, Inc.<sup>\*</sup> | 2982 | 96945 |
| Synaptics, Inc.<sup>\*,1</sup> | 1008 | 95921 |
| Avid Technology, Inc.<sup>\*</sup> | 3515 | 93464 |
| Apple, Inc.<sup>1</sup> | 700 | 90951 |
| Adobe, Inc.<sup>\*</sup> | 266 | 89517 |
| QUALCOMM, Inc. | 777 | 85423 |
| Rambus, Inc.<sup>\*,1</sup> | 2260 | 80953 |
| NetApp, Inc. | 1338 | 80360 |
| Axcelis Technologies, Inc.<sup>\*,1</sup> | 964 | 76503 |
| Kulicke & Soffa Industries, Inc. | 1726 | 76393 |
| CSG Systems International, Inc.<sup>1</sup> | 1272 | 72758 |
| Veeco Instruments, Inc.<sup>\*</sup> | 3821 | 70994 |
| ACI Worldwide, Inc.<sup>\*,1</sup> | 2981 | 68563 |
| **Total Technology** |  | 2576310 |
| **Utilities - 6.8%** |  |  |
| FirstEnergy Corp. | 7477 | 313585 |
| OGE Energy Corp. | 7825 | 309479 |
| Black Hills Corp. | 4383 | 308300 |
| UGI Corp.<sup>1</sup> | 7614 | 282251 |
| MGE Energy, Inc.<sup>1</sup> | 3136 | 220775 |
| Chesapeake Utilities Corp.<sup>1</sup> | 1608 | 190033 |
| ONE Gas, Inc. | 2268 | 171733 |
| Clearway Energy, Inc. — Class C | 5379 | 171429 |
| Otter Tail Corp.<sup>1</sup> | 2224 | 130571 |
| National Fuel Gas Co. | 1313 | 83113 |
| **Total Utilities** |  | 2181269 |
| **Communications - 4.5%** |  |  |
| Verizon Communications, Inc.<sup>1</sup> | 7186 | 283128 |
| T-Mobile US, Inc.<sup>\*,1</sup> | 1767 | 247380 |
| Gogo, Inc.<sup>\*</sup> | 14949 | 220647 |
| Meta Platforms, Inc. — Class A<sup>\*</sup> | 1678 | 201931 |
| Cisco Systems, Inc.<sup>1</sup> | 3421 | 162977 |
| VeriSign, Inc.<sup>\*</sup> | 628 | 129016 |
| InterDigital, Inc. | 2403 | 118901 |
| Alphabet, Inc. — Class C<sup>\*,1</sup> | 1021 | 90593 |
| **Total Communications** |  | 1454573 |
| **Basic Materials - 4.4%** |  |  |
| Minerals Technologies, Inc. | 3472 | 210820 |
| Balchem Corp.<sup>1</sup> | 1585 | 193544 |
| Huntsman Corp.<sup>1</sup> | 6191 | 170129 |
| NewMarket Corp.<sup>1</sup> | 483 | 150266 |
| Olin Corp. | 2485 | 131556 |
| LyondellBasell Industries N.V. — Class A | 1542 | 128032 |
| FMC Corp. | 795 | 99216 |
| Ingevity Corp.<sup>\*</sup> | 1233 | 86852 |
| AdvanSix, Inc.<sup>1</sup> | 2280 | 86686 |
| American Vanguard Corp.<sup>1</sup> | 3736 | 81109 |
| Westlake Corp.<sup>1</sup> | 760 | 77930 |
| **Total Basic Materials** |  | 1416140 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $29,934,128) |  | 29644208 |
| **MONEY MARKET FUND<sup>†</sup> - 2.2%** |  |  |
| Goldman Sachs Financial Square Treasury Instruments Fund — Institutional Shares, 3.93%<sup>2</sup> | 700247 | 700247 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $700,247) |  | 700247 |
| **Total Investments - 94.6%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $30,634,375) |  | $30344455 |
| **Other Assets & Liabilities, net - 5.4%** |  | 1739138 |
| **Total Net Assets - 100.0%** |  | $32083593 |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Custom Basket Swap Agreements** | **Custom Basket Swap Agreements** | **Custom Basket Swap Agreements** | **Custom Basket Swap Agreements** | | | | |
| **Counterparty** | **Reference Obligation** | **Type** | **Financing Rate** | <br>**Payment<br> Frequency** | <br>**Maturity Date** |<br>**Notional Amount** |<br>**Value and<br> Unrealized Appreciation** |
| **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** |
| Goldman Sachs International | GS Equity Custom Basket | Pay | 4.78% (Federal Funds Rate + 0.45%) | At Maturity | 05/06/24 | $8355184 | $88294 |
| Morgan Stanley Capital Services LLC | MS Equity Custom Basket | Pay | 4.73% (Federal Funds Rate + 0.40%) | At Maturity | 02/01/24 | 8336398 | 78646 |
|  |  |  |  |  |  | $16691582 | $166940 |
| **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** |
| Goldman Sachs International | GS Equity Custom Basket | Receive | 4.13% (Federal Funds Rate - 0.20%) | At Maturity | 05/06/24 | $15284290 | $778486 |
| Morgan Stanley Capital Services LLC | MS Equity Custom Basket | Receive | 4.03% (Federal Funds Rate - 0.30%) | At Maturity | 02/01/24 | 15400907 | 771445 |
|  |  |  |  |  |  | $30685197 | $1549931 |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| **MS EQUITY LONG CUSTOM BASKET** | | | |
| | **Shares** | **Percentage**<br> **Notional**<br> **Amount** | **Value and**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| **Consumer, Cyclical** |  |  |  |
| Home Depot, Inc. | 216 | 0.78% | $8115 |
| GMS, Inc. | 1424 | 0.85% | 7144 |
| Allison Transmission Holdings, Inc. | 1559 | 0.78% | 6729 |
| Academy Sports & Outdoors, Inc. | 647 | 0.41% | 6308 |
| Buckle, Inc. | 1076 | 0.59% | 5853 |
| Patrick Industries, Inc. | 305 | 0.22% | 4523 |
| Methode Electronics, Inc. | 1111 | 0.59% | 3961 |
| Haverty Furniture Companies, Inc. | 1079 | 0.39% | 1827 |
| Starbucks Corp. | 388 | 0.46% | 1558 |
| Group 1 Automotive, Inc. | 140 | 0.30% | 1556 |
| Ethan Allen Interiors, Inc. | 730 | 0.23% | (386) |
| Wyndham Hotels & Resorts, Inc. | 1197 | 1.02% | (761) |
| Watsco, Inc. | 100 | 0.30% | (1058) |
| Boyd Gaming Corp. | 673 | 0.44% | (1108) |
| Lowe's Companies, Inc. | 150 | 0.36% | (1209) |
| Columbia Sportswear Co. | 972 | 1.02% | (1614) |
| Yum! Brands, Inc. | 663 | 1.02% | (1662) |
| Winnebago Industries, Inc. | 390 | 0.25% | (1736) |
| MSC Industrial Direct Company, Inc. — Class A | 660 | 0.65% | (1842) |
| Oxford Industries, Inc. | 331 | 0.37% | (2024) |
| Steven Madden Ltd. | 1072 | 0.41% | (2623) |
| Brunswick Corp. | 934 | 0.81% | (2927) |
| Williams-Sonoma, Inc. | 235 | 0.32% | (3177) |
| **Total Consumer, Cyclical** |  |  | 25447 |
| **Technology** |  |  |  |
| Rambus, Inc. | 632 | 0.27% | 10080 |
| Axcelis Technologies, Inc. | 270 | 0.26% | 4141 |
| CSG Systems International, Inc. | 356 | 0.24% | 3819 |
| Diodes, Inc. | 401 | 0.37% | 3241 |
| QUALCOMM, Inc. | 217 | 0.29% | 1095 |
| NetApp, Inc. | 374 | 0.27% | 486 |
| Maximus, Inc. | 528 | 0.46% | 421 |
| Adobe, Inc. | 74 | 0.30% | 226 |
| Dropbox, Inc. — Class A | 2149 | 0.58% | (341) |
| Teradata Corp. | 873 | 0.35% | (376) |
| Apple, Inc. | 196 | 0.31% | (985) |
| Veeco Instruments, Inc. | 1069 | 0.24% | (1048) |
| Synaptics, Inc. | 282 | 0.32% | (1299) |
| Kulicke & Soffa Industries, Inc. | 483 | 0.26% | (1692) |
| Avid Technology, Inc. | 983 | 0.31% | (1808) |
| NetScout Systems, Inc. | 834 | 0.33% | (1888) |
| Cirrus Logic, Inc. | 1129 | 1.01% | (2100) |
| Microsoft Corp. | 229 | 0.66% | (2222) |
| Synopsys, Inc. | 206 | 0.79% | (2754) |
| ACI Worldwide, Inc. | 834 | 0.23% | (2983) |
| Applied Materials, Inc. | 692 | 0.81% | (6128) |
| **Total Technology** |  |  | (2115) |
| **Industrial** |  |  |  |
| Standex International Corp. | 809 | 0.99% | 10579 |
| Dorian LPG Ltd. | 2235 | 0.51% | 10037 |
| Vishay Intertechnology, Inc. | 3019 | 0.78% | 8355 |
| Snap-on, Inc. | 359 | 0.98% | 6884 |
| Louisiana-Pacific Corp. | 1188 | 0.84% | 6178 |
| Albany International Corp. — Class A | 768 | 0.91% | 5355 |
| Eagle Materials, Inc. | 574 | 0.91% | 5070 |
| Emerson Electric Co. | 836 | 0.96% | 4701 |
| Textron, Inc. | 1205 | 1.02% | 3096 |
| Lockheed Martin Corp. | 132 | 0.77% | 1247 |
| Advanced Energy Industries, Inc. | 615 | 0.63% | 1204 |
| Donaldson Company, Inc. | 1447 | 1.02% | 841 |
| OSI Systems, Inc. | 317 | 0.30% | 409 |
| Otis Worldwide Corp. | 337 | 0.32% | (33) |
| General Dynamics Corp. | 263 | 0.78% | (122) |
| AMETEK, Inc. | 269 | 0.45% | (847) |
| 3M Co. | 264 | 0.38% | (1285) |
| Graco, Inc. | 1260 | 1.02% | (2196) |
| Mueller Industries, Inc. | 748 | 0.53% | (2455) |
| Sealed Air Corp. | 854 | 0.51% | (2739) |
| Acuity Brands, Inc. | 316 | 0.63% | (4850) |
| PGT Innovations, Inc. | 1368 | 0.29% | (6717) |
| Sturm Ruger & Company, Inc. | 1100 | 0.67% | (14130) |
| **Total Industrial** |  |  | 28582 |
| **Basic Materials** |  |  |  |
| FMC Corp. | 222 | 0.33% | 2917 |
| Westlake Corp. | 212 | 0.26% | 2584 |
| American Vanguard Corp. | 1045 | 0.27% | 817 |
| NewMarket Corp. | 135 | 0.50% | 479 |
| Olin Corp. | 695 | 0.44% | (1532) |
| Ingevity Corp. | 345 | 0.29% | (1850) |
| LyondellBasell Industries N.V. — Class A | 431 | 0.43% | (2114) |
| AdvanSix, Inc. | 638 | 0.29% | (2151) |
| Minerals Technologies, Inc. | 972 | 0.71% | (2873) |
| Balchem Corp. | 443 | 0.65% | (4342) |
| Huntsman Corp. | 1733 | 0.57% | (4366) |
| **Total Basic Materials** |  |  | (12431) |
| **Financial** |  |  |  |
| S&T Bancorp, Inc. | 2429 | 1.00% | 14551 |
| Preferred Bank/Los Angeles CA | 1179 | 1.06% | 9048 |
| Renasant Corp. | 2205 | 0.99% | 9004 |
| TowneBank | 2624 | 0.97% | 8050 |
| Associated Banc-Corp. | 2322 | 0.64% | 7101 |
| PennyMac Financial Services, Inc. | 390 | 0.27% | 3641 |
| Virtus Investment Partners, Inc. | 148 | 0.34% | 3547 |
| NMI Holdings, Inc. — Class A | 888 | 0.22% | 2213 |
| International Bancshares Corp. | 951 | 0.52% | 1892 |
| Evercore, Inc. — Class A | 479 | 0.63% | 1883 |
| Bread Financial Holdings, Inc. | 650 | 0.29% | 1689 |
| National Bank Holdings Corp. — Class A | 1993 | 1.01% | 1587 |
| Hilltop Holdings, Inc. | 893 | 0.32% | 1467 |
| Visa, Inc. — Class A | 114 | 0.28% | (775) |
| Marcus & Millichap, Inc. | 768 | 0.32% | (1559) |
| Hope Bancorp, Inc. | 6545 | 1.01% | (3492) |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** | **Percentage**<br> **Notional**<br> **Amount** | **Value and**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| BankUnited, Inc. | 1029 | 0.42% | $(4199) |
| Heritage Financial Corp. | 2774 | 1.02% | (8893) |
| Central Pacific Financial Corp. | 1743 | 0.42% | (9487) |
| Stewart Information Services Corp. | 780 | 0.40% | (10690) |
| Office Properties Income Trust | 2863 | 0.46% | (20879) |
| **Total Financial** |  |  | 5699 |
| **Communications** |  |  |  |
| Cisco Systems, Inc. | 957 | 0.55% | 5345 |
| T-Mobile US, Inc. | 494 | 0.83% | 2958 |
| VeriSign, Inc. | 175 | 0.43% | 1428 |
| Alphabet, Inc. — Class C | 285 | 0.30% | (2345) |
| Meta Platforms, Inc. — Class A | 469 | 0.68% | (7281) |
| Gogo, Inc. | 4184 | 0.74% | (7530) |
| Verizon Communications, Inc. | 2011 | 0.95% | (9488) |
| InterDigital, Inc. | 672 | 0.40% | (9748) |
| **Total Communications** |  |  | (26661) |
| **Consumer, Non-cyclical** |  |  |  |
| Perdoceo Education Corp. | 5653 | 0.94% | 18145 |
| Ironwood Pharmaceuticals, Inc. — Class A | 7185 | 1.07% | 10663 |
| Bristol-Myers Squibb Co. | 1067 | 0.92% | 9965 |
| United Therapeutics Corp. | 162 | 0.54% | 9518 |
| Vertex Pharmaceuticals, Inc. | 143 | 0.50% | 8541 |
| Regeneron Pharmaceuticals, Inc. | 35 | 0.30% | 8449 |
| Coca-Cola Co. | 1359 | 1.04% | 6544 |
| Amphastar Pharmaceuticals, Inc. | 813 | 0.27% | 6443 |
| Hologic, Inc. | 1150 | 1.03% | 5878 |
| Jazz Pharmaceuticals plc | 287 | 0.55% | 5705 |
| Incyte Corp. | 430 | 0.41% | 4615 |
| Quest Diagnostics, Inc. | 579 | 1.09% | 4287 |
| Triton International Ltd. | 777 | 0.64% | 4213 |
| Supernus Pharmaceuticals, Inc. | 1202 | 0.51% | 3368 |
| Altria Group, Inc. | 1401 | 0.77% | 2986 |
| Eli Lilly & Co. | 48 | 0.21% | 2647 |
| Post Holdings, Inc. | 656 | 0.71% | 2394 |
| Innoviva, Inc. | 2469 | 0.39% | 1937 |
| Lamb Weston Holdings, Inc. | 369 | 0.40% | 1424 |
| Prestige Consumer Healthcare, Inc. | 1133 | 0.85% | 1113 |
| Quanex Building Products Corp. | 977 | 0.28% | 1047 |
| Globus Medical, Inc. — Class A | 602 | 0.54% | 1012 |
| John B Sanfilippo & Son, Inc. | 1056 | 1.03% | 876 |
| Monster Beverage Corp. | 498 | 0.61% | (285) |
| Hershey Co. | 370 | 1.03% | (566) |
| Inter Parfums, Inc. | 255 | 0.30% | (612) |
| Danaher Corp. | 255 | 0.81% | (716) |
| Gilead Sciences, Inc. | 514 | 0.53% | (1125) |
| Exelixis, Inc. | 1419 | 0.27% | (1471) |
| IDEXX Laboratories, Inc. | 192 | 0.94% | (2450) |
| Varex Imaging Corp. | 3116 | 0.76% | (3650) |
| EVERTEC, Inc. | 1593 | 0.62% | (5415) |
| Royalty Pharma plc — Class A | 1609 | 0.76% | (5427) |
| Eagle Pharmaceuticals, Inc. | 1304 | 0.46% | (13673) |
| Vanda Pharmaceuticals, Inc. | 3188 | 0.28% | (22019) |
| Tyson Foods, Inc. — Class A | 1008 | 0.75% | (22379) |
| USANA Health Sciences, Inc. | 1197 | 0.76% | (25567) |
| **Total Consumer, Non-cyclical** |  |  | 16415 |
| **Energy** |  |  |  |
| Marathon Petroleum Corp. | 756 | 1.06% | 12364 |
| Exxon Mobil Corp. | 798 | 1.06% | 9470 |
| Phillips 66 | 431 | 0.54% | 7828 |
| Valero Energy Corp. | 437 | 0.67% | 6297 |
| Antero Midstream Corp. | 7703 | 1.00% | 5135 |
| Par Pacific Holdings, Inc. | 938 | 0.26% | 3751 |
| REX American Resources Corp. | 887 | 0.34% | 2328 |
| Kinder Morgan, Inc. | 4414 | 0.96% | 1769 |
| ONEOK, Inc. | 305 | 0.24% | 1764 |
| SunCoke Energy, Inc. | 3176 | 0.33% | 1512 |
| Equitrans Midstream Corp. | 3056 | 0.25% | 55 |
| Williams Companies, Inc. | 1461 | 0.58% | (526) |
| DT Midstream, Inc. | 1452 | 0.96% | (1484) |
| Occidental Petroleum Corp. | 527 | 0.40% | (4155) |
| CVR Energy, Inc. | 1340 | 0.50% | (5068) |
| **Total Energy** |  |  | 41040 |
| **Utilities** |  |  |  |
| FirstEnergy Corp. | 2092 | 1.05% | 8809 |
| ONE Gas, Inc. | 634 | 0.58% | 1663 |
| UGI Corp. | 2131 | 0.95% | 675 |
| Black Hills Corp. | 1227 | 1.04% | 258 |
| National Fuel Gas Co. | 367 | 0.28% | 111 |
| OGE Energy Corp. | 2190 | 1.04% | 17 |
| Chesapeake Utilities Corp. | 450 | 0.64% | (27) |
| Otter Tail Corp. | 622 | 0.44% | (2001) |
| Clearway Energy, Inc. — Class C | 1505 | 0.58% | (3276) |
| MGE Energy, Inc. | 877 | 0.74% | (3559) |
| **Total Utilities** |  |  | 2670 |
| **Total MS Equity Long Custom Basket** |  |  | $78646 |
| **MS EQUITY SHORT CUSTOM BASKET** |  |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **Consumer, Non-cyclical** |  |  |  |
| Viad Corp. | 2381.0 | (0.36)% | 51780.0 |
| ASGN, Inc. | 1116.0 | (0.59)% | 46243.0 |
| Equifax, Inc. | 1187.0 | (1.50)% | 39774.0 |
| Healthcare Services Group, Inc. | 7258.0 | (0.57)% | 34753.0 |
| FTI Consulting, Inc. | 957.0 | (0.99)% | 16762.0 |
| CoStar Group, Inc. | 2066.0 | (1.04)% | 15053.0 |
| TransUnion | 3588.0 | (1.32)% | 13192.0 |
| Driven Brands Holdings, Inc. | 5894.0 | (1.05)% | 12089.0 |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** | **Percentage**<br> **Notional**<br> **Amount** | **Value and**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| Patterson Companies, Inc. | 2351 | (0.43)% | $6245 |
| Rollins, Inc. | 1889 | (0.45)% | 5861 |
| GXO Logistics, Inc. | 1510 | (0.42)% | 3389 |
| ABM Industries, Inc. | 4802 | (1.39)% | (2661) |
| Quanta Services, Inc. | 582 | (0.54)% | (6007) |
| Cintas Corp. | 526 | (1.54)% | (13996) |
| ICU Medical, Inc. | 1304 | (1.33)% | (28081) |
| **Total Consumer, Non-cyclical** |  |  | 194396 |
| **Utilities** |  |  |  |
| AES Corp. | 2893 | (0.54)% | (1030) |
| Vistra Corp. | 4533 | (0.68)% | (1658) |
| Public Service Enterprise Group, Inc. | 3959 | (1.58)% | (6689) |
| Exelon Corp. | 5395 | (1.51)% | (9020) |
| Edison International | 3686 | (1.52)% | (18022) |
| **Total Utilities** |  |  | (36419) |
| **Basic Materials** |  |  |  |
| Alcoa Corp. | 1741 | (0.51)% | 3218 |
| Freeport-McMoRan, Inc. | 2327 | (0.57)% | 2215 |
| ATI, Inc. | 2431 | (0.47)% | 1696 |
| **Total Basic Materials** |  |  | 7129 |
| **Financial** |  |  |  |
| Signature Bank | 666 | (0.50)% | 96061 |
| Invitation Homes, Inc. | 4178 | (0.80)% | 53611 |
| Welltower, Inc. | 1645 | (0.70)% | 40812 |
| Sun Communities, Inc. | 1687 | (1.57)% | 38781 |
| Equinix, Inc. | 277 | (1.18)% | 36128 |
| Crown Castle, Inc. | 765 | (0.67)% | 35930 |
| Americold Realty Trust, Inc. | 4297 | (0.79)% | 31610 |
| Bank of America Corp. | 6881 | (1.48)% | 27105 |
| KKR & Company, Inc. — Class A | 3123 | (0.94)% | 26182 |
| Ares Management Corp. — Class A | 2543 | (1.13)% | 23942 |
| Kennedy-Wilson Holdings, Inc. | 10216 | (1.04)% | 19379 |
| Digital Realty Trust, Inc. | 1039 | (0.68)% | 17937 |
| Equitable Holdings, Inc. | 7707 | (1.44)% | 17768 |
| Raymond James Financial, Inc. | 2070 | (1.44)% | 17678 |
| American Tower Corp. — Class A | 1097 | (1.51)% | 17220 |
| Ryman Hospitality Properties, Inc. | 1990 | (1.06)% | 15032 |
| Independence Realty Trust, Inc. | 5627 | (0.62)% | 14882 |
| Assurant, Inc. | 744 | (0.60)% | 14141 |
| Host Hotels & Resorts, Inc. | 5633 | (0.59)% | 9332 |
| Pebblebrook Hotel Trust | 3772 | (0.33)% | 8207 |
| Alexandria Real Estate Equities, Inc. | 1586 | (1.50)% | 7637 |
| Kite Realty Group Trust | 8959 | (1.22)% | 7165 |
| KeyCorp | 10215 | (1.16)% | 7120 |
| Ventas, Inc. | 2147 | (0.63)% | 6818 |
| Wells Fargo & Co. | 2081 | (0.56)% | 6297 |
| Northern Trust Corp. | 2683 | (1.54)% | 6068 |
| UDR, Inc. | 5930 | (1.49)% | 4445 |
| Principal Financial Group, Inc. | 824 | (0.45)% | 4245 |
| Howard Hughes Corp. | 3571 | (1.77)% | 4093 |
| Kimco Realty Corp. | 7931 | (1.09)% | 3933 |
| Iron Mountain, Inc. | 3789 | (1.23)% | 3092 |
| Citigroup, Inc. | 3643 | (1.07)% | 1251 |
| Cboe Global Markets, Inc. | 720 | (0.59)% | 1237 |
| Willis Towers Watson plc | 482 | (0.77)% | 1073 |
| Cullen/Frost Bankers, Inc. | 564 | (0.49)% | (1141) |
| Progressive Corp. | 1834 | (1.54)% | (1763) |
| Cincinnati Financial Corp. | 685 | (0.46)% | (2189) |
| American International Group, Inc. | 1702 | (0.70)% | (3297) |
| TFS Financial Corp. | 6481 | (0.61)% | (4497) |
| Intercontinental Exchange, Inc. | 1425 | (0.95)% | (5524) |
| BlackRock, Inc. — Class A | 189 | (0.87)% | (6828) |
| Arthur J Gallagher & Co. | 452 | (0.55)% | (9053) |
| CBRE Group, Inc. — Class A | 1584 | (0.79)% | (10287) |
| First Republic Bank | 1425 | (1.13)% | (11562) |
| Invesco Ltd. | 8524 | (1.00)% | (12316) |
| Allstate Corp. | 1507 | (1.33)% | (13566) |
| Apollo Global Management, Inc. | 3697 | (1.53)% | (18029) |
| **Total Financial** |  |  | 526160 |
| **Consumer, Cyclical** |  |  |  |
| MillerKnoll, Inc. | 4118 | (0.56)% | 66840 |
| CarMax, Inc. | 1446 | (0.57)% | 32100 |
| American Airlines Group, Inc. | 6067 | (0.50)% | 31392 |
| Hawaiian Holdings, Inc. | 5405 | (0.36)% | 18503 |
| Live Nation Entertainment, Inc. | 1290 | (0.58)% | 4953 |
| Floor & Decor Holdings, Inc. — Class A | 812 | (0.37)% | 4378 |
| Delta Air Lines, Inc. | 6025 | (1.29)% | (1696) |
| Walgreens Boots Alliance, Inc. | 3799 | (0.92)% | (1780) |
| Copart, Inc. | 3641 | (1.44)% | (5908) |
| Madison Square Garden Sports Corp. — Class A | 533 | (0.63)% | (22220) |
| **Total Consumer, Cyclical** |  |  | 126562 |
| **Industrial** |  |  |  |
| Stanley Black & Decker, Inc. | 1090 | (0.53)% | 48833 |
| Stericycle, Inc. | 1130 | (0.37)% | 27033 |
| Waste Management, Inc. | 1434 | (1.46)% | 18949 |
| TD SYNNEX Corp. | 2437 | (1.50)% | 8684 |
| Kirby Corp. | 1235 | (0.52)% | 5027 |
| Jacobs Solutions, Inc. | 1980 | (1.54)% | 3073 |
| General Electric Co. | 1 | 0 .00% | 9 |
| J.B. Hunt Transport Services, Inc. | 373 | (0.42)% | (1285) |
| Norfolk Southern Corp. | 338 | (0.54)% | (4825) |
| TransDigm Group, Inc. | 78 | (0.32)% | (6541) |
| FedEx Corp. | 457 | (0.51)% | (8017) |
| Boeing Co. | 424 | (0.52)% | (10583) |
| Casella Waste Systems, Inc. — Class A | 1870 | (0.96)% | (30338) |
| MSA Safety, Inc. | 1373 | (1.29)% | (30528) |
| **Total Industrial** |  |  | 19491 |
| **Energy** |  |  |  |
| NOV, Inc. | 4405 | (0.60)% | 9856 |
| Helmerich & Payne, Inc. | 1554 | (0.50)% | (921) |
| Patterson-UTI Energy, Inc. | 6939 | (0.76)% | (2253) |
| Halliburton Co. | 6411 | (1.64)% | (7021) |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** | **Percentage**<br> **Notional**<br> **Amount** | **Value and**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| Liberty Energy, Inc. — Class A | 5305 | (0.55)% | $(10934) |
| ChampionX Corp. | 1625 | (0.31)% | (11513) |
| Hess Corp. | 1050 | (0.97)% | (16862) |
| Valaris Ltd. | 1736 | (0.76)% | (28712) |
| Schlumberger Ltd. | 2175 | (0.75)% | (33088) |
| EOG Resources, Inc. | 1700 | (1.43)% | (37583) |
| **Total Energy** |  |  | (139031) |
| **Communications** |  |  |  |
| IAC, Inc. | 2532 | (0.73)% | 29526 |
| Walt Disney Co. | 1974 | (1.11)% | 23013 |
| Warner Bros Discovery, Inc. | 8156 | (0.50)% | 19238 |
| Paramount Global — Class B | 5061 | (0.55)% | 13457 |
| Uber Technologies, Inc. | 4888 | (0.78)% | 5221 |
| Interpublic Group of Companies, Inc. | 4932 | (1.07)% | (18849) |
| **Total Communications** |  |  | 71606 |
| **Technology** |  |  |  |
| Take-Two Interactive Software, Inc. | 1485 | (1.00)% | 4046 |
| Science Applications International Corp. | 1806 | (1.30)% | (2495) |
| **Total Technology** |  |  | 1551 |
| **Total MS Equity Short Custom Basket** |  |  | $771445 |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| **GS EQUITY LONG CUSTOM BASKET** | | | |
| | **Shares** | **Percentage Notional Amount** | **Value and Unrealized**<br> **Appreciation (Depreciation)** |
| **Consumer, Cyclical** |  |  |  |
| Patrick Industries, Inc. | 615 | 0.45% | $9049 |
| Home Depot, Inc. | 216 | 0.82% | 8183 |
| GMS, Inc. | 1424 | 0.85% | 6947 |
| Allison Transmission Holdings, Inc. | 1559 | 0.78% | 6729 |
| Academy Sports & Outdoors, Inc. | 647 | 0.41% | 6370 |
| Buckle, Inc. | 1076 | 0.58% | 5896 |
| Methode Electronics, Inc. | 1111 | 0.59% | 3981 |
| Haverty Furniture Companies, Inc. | 1079 | 0.39% | 1801 |
| Group 1 Automotive, Inc. | 140 | 0.30% | 1707 |
| Starbucks Corp. | 388 | 0.46% | 1565 |
| Ethan Allen Interiors, Inc. | 730 | 0.23% | (342) |
| Watsco, Inc. | 100 | 0.30% | (866) |
| Wyndham Hotels & Resorts, Inc. | 1197 | 1.02% | (898) |
| Boyd Gaming Corp. | 673 | 0.44% | (1041) |
| Lowe's Companies, Inc. | 150 | 0.36% | (1242) |
| Winnebago Industries, Inc. | 390 | 0.25% | (1560) |
| Yum! Brands, Inc. | 663 | 1.02% | (1649) |
| Columbia Sportswear Co. | 972 | 1.02% | (1703) |
| MSC Industrial Direct Company, Inc. — Class A | 660 | 0.65% | (1848) |
| Oxford Industries, Inc. | 331 | 0.37% | (2286) |
| Steven Madden Ltd. | 1072 | 0.41% | (2697) |
| Brunswick Corp. | 934 | 0.81% | (2739) |
| Williams-Sonoma, Inc. | 235 | 0.32% | (2983) |
| **Total Consumer, Cyclical** |  |  | 30374 |
| **Technology** |  |  |  |
| Rambus, Inc. | 632 | 0.21% | 10078 |
| Axcelis Technologies, Inc. | 270 | 0.26% | 4229 |
| CSG Systems International, Inc. | 356 | 0.24% | 3778 |
| Diodes, Inc. | 401 | 0.37% | 3236 |
| QUALCOMM, Inc. | 217 | 0.29% | 1124 |
| Maximus, Inc. | 528 | 0.46% | 512 |
| NetApp, Inc. | 374 | 0.27% | 492 |
| Adobe, Inc. | 74 | 0.30% | 188 |
| Teradata Corp. | 873 | 0.35% | (388) |
| Dropbox, Inc. — Class A | 2149 | 0.58% | (487) |
| Apple, Inc. | 196 | 0.30% | (967) |
| Veeco Instruments, Inc. | 1069 | 0.24% | (1028) |
| Synaptics, Inc. | 282 | 0.32% | (1223) |
| Kulicke & Soffa Industries, Inc. | 483 | 0.26% | (1689) |
| NetScout Systems, Inc. | 834 | 0.32% | (1691) |
| Avid Technology, Inc. | 983 | 0.31% | (1994) |
| Cirrus Logic, Inc. | 1129 | 1.01% | (2187) |
| Microsoft Corp. | 229 | 0.66% | (2264) |
| Synopsys, Inc. | 206 | 0.79% | (2799) |
| ACI Worldwide, Inc. | 834 | 0.23% | (2943) |
| Applied Materials, Inc. | 692 | 0.81% | (6284) |
| **Total Technology** |  |  | (2307) |
| **Industrial** |  |  |  |
| Standex International Corp. | 809 | 0.99% | 10451 |
| Dorian LPG Ltd. | 2235 | 0.51% | 10132 |
| Vishay Intertechnology, Inc. | 3019 | 0.78% | 8326 |
| Snap-on, Inc. | 359 | 0.98% | 6854 |
| Louisiana-Pacific Corp. | 1188 | 0.84% | 6599 |
| Albany International Corp. — Class A | 768 | 0.91% | 5351 |
| Eagle Materials, Inc. | 574 | 0.91% | 5092 |
| Emerson Electric Co. | 836 | 0.96% | 4749 |
| Textron, Inc. | 1205 | 1.02% | 3779 |
| Advanced Energy Industries, Inc. | 615 | 0.63% | 1347 |
| Lockheed Martin Corp. | 132 | 0.77% | 1347 |
| Donaldson Company, Inc. | 1447 | 1.02% | 938 |
| OSI Systems, Inc. | 317 | 0.30% | 375 |
| General Dynamics Corp. | 263 | 0.78% | 20 |
| Otis Worldwide Corp. | 337 | 0.32% | (44) |
| AMETEK, Inc. | 269 | 0.45% | (862) |
| 3M Co. | 264 | 0.38% | (1312) |
| Graco, Inc. | 1260 | 1.01% | (2241) |
| Mueller Industries, Inc. | 748 | 0.53% | (2475) |
| Sealed Air Corp. | 854 | 0.51% | (2757) |
| Acuity Brands, Inc. | 316 | 0.63% | (4733) |
| PGT Innovations, Inc. | 1368 | 0.29% | (6691) |
| Sturm Ruger & Company, Inc. | 1100 | 0.67% | (14614) |
| **Total Industrial** |  |  | 29631 |
| **Basic Materials** |  |  |  |
| FMC Corp. | 222 | 0.33% | 3030 |
| Westlake Corp. | 212 | 0.26% | 2516 |
| American Vanguard Corp. | 1045 | 0.27% | 764 |
| NewMarket Corp. | 135 | 0.50% | 552 |
| Olin Corp. | 695 | 0.44% | (1550) |
| Ingevity Corp. | 345 | 0.29% | (1869) |
| LyondellBasell Industries N.V. — Class A | 431 | 0.43% | (2109) |
| AdvanSix, Inc. | 638 | 0.29% | (2182) |
| Minerals Technologies, Inc. | 972 | 0.71% | (2806) |
| Balchem Corp. | 443 | 0.65% | (4373) |
| Huntsman Corp. | 1733 | 0.57% | (4446) |
| **Total Basic Materials** |  |  | (12473) |
| **Financial** |  |  |  |
| S&T Bancorp, Inc. | 2429 | 0.99% | 14517 |
| Preferred Bank/Los Angeles CA | 1179 | 1.05% | 9029 |
| Renasant Corp. | 2205 | 0.99% | 8977 |
| TowneBank | 2624 | 0.97% | 8426 |
| Associated Banc-Corp. | 2322 | 0.64% | 7246 |
| PennyMac Financial Services, Inc. | 390 | 0.26% | 3679 |
| Virtus Investment Partners, Inc. | 148 | 0.34% | 3486 |
| Evercore, Inc. — Class A | 479 | 0.63% | 2342 |
| NMI Holdings, Inc. — Class A | 888 | 0.22% | 2256 |
| International Bancshares Corp. | 951 | 0.52% | 1902 |
| National Bank Holdings Corp. — Class A | 1993 | 1.00% | 1821 |
| Bread Financial Holdings, Inc. | 650 | 0.29% | 1784 |
| Hilltop Holdings, Inc. | 893 | 0.32% | 1472 |
| Visa, Inc. — Class A | 114 | 0.28% | (813) |
| Marcus & Millichap, Inc. | 768 | 0.32% | (1582) |
| Hope Bancorp, Inc. | 6545 | 1.00% | (3468) |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** | **Percentage Notional Amount** | **Value and Unrealized<br> Appreciation (Depreciation)** |
| BankUnited, Inc. | 1029 | 0.42% | $(4164) |
| Heritage Financial Corp. | 2774 | 1.02% | (9012) |
| Central Pacific Financial Corp. | 1743 | 0.42% | (9524) |
| Stewart Information Services Corp. | 780 | 0.40% | (10704) |
| Office Properties Income Trust | 2863 | 0.46% | (20841) |
| **Total Financial** |  |  | 6829 |
| **Communications** |  |  |  |
| Cisco Systems, Inc. | 957 | 0.55% | 5444 |
| T-Mobile US, Inc. | 494 | 0.83% | 2897 |
| VeriSign, Inc. | 175 | 0.43% | 1450 |
| Alphabet, Inc. — Class C | 285 | 0.30% | (2347) |
| Gogo, Inc. | 4184 | 0.74% | (6810) |
| Meta Platforms, Inc. — Class A | 469 | 0.68% | (7284) |
| Verizon Communications, Inc. | 2011 | 0.95% | (9575) |
| InterDigital, Inc. | 672 | 0.40% | (9765) |
| **Total Communications** |  |  | (25990) |
| **Consumer, Non-cyclical** |  |  |  |
| Perdoceo Education Corp. | 5653 | 0.94% | 18103 |
| Ironwood Pharmaceuticals, Inc. — Class A | 7185 | 1.07% | 10528 |
| Bristol-Myers Squibb Co. | 1067 | 0.92% | 10010 |
| United Therapeutics Corp. | 162 | 0.54% | 9519 |
| Vertex Pharmaceuticals, Inc. | 143 | 0.49% | 8518 |
| Regeneron Pharmaceuticals, Inc. | 35 | 0.30% | 8448 |
| Coca-Cola Co. | 1359 | 1.03% | 6679 |
| Amphastar Pharmaceuticals, Inc. | 813 | 0.27% | 6438 |
| Hologic, Inc. | 1150 | 1.03% | 5892 |
| Jazz Pharmaceuticals plc | 287 | 0.55% | 5879 |
| Incyte Corp. | 430 | 0.41% | 4766 |
| Quest Diagnostics, Inc. | 579 | 1.08% | 4230 |
| Triton International Ltd. | 777 | 0.64% | 4220 |
| Altria Group, Inc. | 1401 | 0.77% | 2977 |
| Supernus Pharmaceuticals, Inc. | 1202 | 0.51% | 2939 |
| Eli Lilly & Co. | 48 | 0.21% | 2652 |
| Post Holdings, Inc. | 656 | 0.71% | 2542 |
| Innoviva, Inc. | 2469 | 0.39% | 1958 |
| Lamb Weston Holdings, Inc. | 369 | 0.39% | 1444 |
| Prestige Consumer Healthcare, Inc. | 1133 | 0.85% | 1109 |
| Quanex Building Products Corp. | 977 | 0.28% | 1031 |
| John B Sanfilippo & Son, Inc. | 1056 | 1.03% | 911 |
| Globus Medical, Inc. — Class A | 602 | 0.54% | 830 |
| Monster Beverage Corp. | 498 | 0.61% | (354) |
| Hershey Co. | 370 | 1.03% | (487) |
| Inter Parfums, Inc. | 255 | 0.29% | (561) |
| Danaher Corp. | 255 | 0.81% | (849) |
| Gilead Sciences, Inc. | 514 | 0.53% | (1201) |
| Exelixis, Inc. | 1419 | 0.27% | (1386) |
| IDEXX Laboratories, Inc. | 192 | 0.94% | (2524) |
| Varex Imaging Corp. | 3116 | 0.76% | (3433) |
| Royalty Pharma plc — Class A | 1609 | 0.76% | (5198) |
| EVERTEC, Inc. | 1593 | 0.62% | (5327) |
| Eagle Pharmaceuticals, Inc. | 1304 | 0.46% | (13909) |
| Vanda Pharmaceuticals, Inc. | 3188 | 0.28% | (22071) |
| Tyson Foods, Inc. — Class A | 1008 | 0.75% | (22331) |
| USANA Health Sciences, Inc. | 1197 | 0.76% | (25716) |
| **Total Consumer, Non-cyclical** |  |  | 16276 |
| **Energy** |  |  |  |
| Marathon Petroleum Corp. | 756 | 1.05% | 12537 |
| Exxon Mobil Corp. | 798 | 1.05% | 9707 |
| Phillips 66 | 431 | 0.54% | 7883 |
| Valero Energy Corp. | 437 | 0.66% | 6395 |
| Antero Midstream Corp. | 7703 | 0.99% | 5269 |
| Par Pacific Holdings, Inc. | 938 | 0.26% | 3796 |
| REX American Resources Corp. | 887 | 0.34% | 2479 |
| Kinder Morgan, Inc. | 4414 | 0.96% | 1896 |
| ONEOK, Inc. | 305 | 0.24% | 1789 |
| SunCoke Energy, Inc. | 3176 | 0.33% | 1501 |
| Equitrans Midstream Corp. | 3056 | 0.25% | 6 |
| Williams Companies, Inc. | 1461 | 0.58% | (464) |
| DT Midstream, Inc. | 1452 | 0.96% | (1378) |
| Occidental Petroleum Corp. | 527 | 0.40% | (3820) |
| CVR Energy, Inc. | 1340 | 0.50% | (4930) |
| **Total Energy** |  |  | 42666 |
| **Utilities** |  |  |  |
| FirstEnergy Corp. | 2092 | 1.05% | 9314 |
| ONE Gas, Inc. | 634 | 0.57% | 1735 |
| UGI Corp. | 2131 | 0.95% | 828 |
| OGE Energy Corp. | 2190 | 1.04% | 197 |
| National Fuel Gas Co. | 367 | 0.28% | 164 |
| Black Hills Corp. | 1227 | 1.03% | 102 |
| Chesapeake Utilities Corp. | 450 | 0.64% | (113) |
| Otter Tail Corp. | 622 | 0.44% | (2042) |
| Clearway Energy, Inc. — Class C | 1505 | 0.57% | (3281) |
| MGE Energy, Inc. | 877 | 0.74% | (3616) |
| **Total Utilities** |  |  | 3288 |
| **Total GS Equity Long Custom Basket** |  |  | $88294 |

---

---

| | | | |
|:---|:---|:---|:---|
| **GS EQUITY SHORT CUSTOM BASKET** | | | |
| **Consumer, Non-cyclical** |  |  |  |
| Viad Corp. | 2381 | (0.40)% | 51830 |
| ASGN, Inc. | 1116 | (0.59)% | 46157 |
| Equifax, Inc. | 1187 | (1.51)% | 39862 |
| Healthcare Services Group, Inc. | 7258 | (0.57)% | 35134 |
| FTI Consulting, Inc. | 957 | (0.99)% | 17758 |
| CoStar Group, Inc. | 2066 | (1.04)% | 14673 |
| TransUnion | 3588 | (1.33)% | 12590 |
| Driven Brands Holdings, Inc. | 5894 | (1.05)% | 12464 |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** | **Percentage Notional Amount** | **Value and Unrealized<br> Appreciation (Depreciation)** |
| Patterson Companies, Inc. | 2351 | (0.43)% | $6036 |
| Rollins, Inc. | 1889 | (0.45)% | 5774 |
| GXO Logistics, Inc. | 1510 | (0.42)% | 3368 |
| ABM Industries, Inc. | 4802 | (1.40)% | (2709) |
| Quanta Services, Inc. | 582 | (0.54)% | (5909) |
| Cintas Corp. | 526 | (1.55)% | (14749) |
| ICU Medical, Inc. | 1304 | (1.34)% | (28276) |
| **Total Consumer, Non-cyclical** |  |  | 194003 |
| **Utilities** |  |  |  |
| AES Corp. | 2893 | (0.54)% | (879) |
| Vistra Corp. | 4533 | (0.69)% | (2025) |
| Public Service Enterprise Group, Inc. | 3959 | (1.59)% | (5753) |
| Exelon Corp. | 5395 | (1.53)% | (9186) |
| Edison International | 3686 | (1.53)% | (19326) |
| **Total Utilities** |  |  | (37169) |
| **Basic Materials** |  |  |  |
| Alcoa Corp. | 1741 | (0.52)% | 3525 |
| Freeport-McMoRan, Inc. | 2327 | (0.58)% | 2260 |
| ATI, Inc. | 2431 | (0.47)% | 1953 |
| **Total Basic Materials** |  |  | 7738 |
| **Financial** |  |  |  |
| Signature Bank | 666 | (0.50)% | 95979 |
| Invitation Homes, Inc. | 4178 | (0.81)% | 53555 |
| Welltower, Inc. | 1645 | (0.71)% | 40857 |
| Sun Communities, Inc. | 1687 | (1.58)% | 38636 |
| Crown Castle, Inc. | 765 | (0.68)% | 35940 |
| Equinix, Inc. | 277 | (1.19)% | 35864 |
| Americold Realty Trust, Inc. | 4297 | (0.80)% | 31391 |
| Howard Hughes Corp. | 2045 | (1.02)% | 27731 |
| Bank of America Corp. | 6881 | (1.49)% | 27051 |
| KKR & Company, Inc. — Class A | 3123 | (0.95)% | 26325 |
| Ares Management Corp. — Class A | 2543 | (1.14)% | 23955 |
| Kennedy-Wilson Holdings, Inc. | 10216 | (1.05)% | 19309 |
| Digital Realty Trust, Inc. | 1039 | (0.68)% | 17802 |
| American Tower Corp. — Class A | 1097 | (1.52)% | 17675 |
| Equitable Holdings, Inc. | 7707 | (1.45)% | 17385 |
| Raymond James Financial, Inc. | 2070 | (1.45)% | 17329 |
| Ryman Hospitality Properties, Inc. | 1990 | (1.06)% | 14991 |
| Independence Realty Trust, Inc. | 5627 | (0.62)% | 14754 |
| Assurant, Inc. | 744 | (0.61)% | 14128 |
| Host Hotels & Resorts, Inc. | 5633 | (0.59)% | 9533 |
| Pebblebrook Hotel Trust | 3772 | (0.33)% | 8286 |
| Kite Realty Group Trust | 8959 | (1.23)% | 7281 |
| Ventas, Inc. | 2147 | (0.63)% | 6402 |
| Alexandria Real Estate Equities, Inc. | 1586 | (1.51)% | 6385 |
| Wells Fargo & Co. | 2081 | (0.56)% | 6270 |
| KeyCorp | 10215 | (1.16)% | 6161 |
| Northern Trust Corp. | 2683 | (1.55)% | 4908 |
| UDR, Inc. | 5930 | (1.50)% | 4419 |
| Principal Financial Group, Inc. | 824 | (0.45)% | 4276 |
| Kimco Realty Corp. | 7931 | (1.10)% | 3421 |
| Iron Mountain, Inc. | 3789 | (1.24)% | 3067 |
| Citigroup, Inc. | 3643 | (1.08)% | 1529 |
| Cboe Global Markets, Inc. | 720 | (0.59)% | 1334 |
| Willis Towers Watson plc | 482 | (0.77)% | 1297 |
| Cullen/Frost Bankers, Inc. | 564 | (0.49)% | (1131) |
| Progressive Corp. | 1834 | (1.56)% | (1904) |
| Cincinnati Financial Corp. | 685 | (0.46)% | (2735) |
| American International Group, Inc. | 1702 | (0.70)% | (3119) |
| TFS Financial Corp. | 6481 | (0.61)% | (4476) |
| Intercontinental Exchange, Inc. | 1425 | (0.96)% | (5807) |
| BlackRock, Inc. — Class A | 189 | (0.88)% | (6861) |
| Arthur J Gallagher & Co. | 452 | (0.56)% | (8914) |
| CBRE Group, Inc. — Class A | 1584 | (0.80)% | (11250) |
| First Republic Bank | 1425 | (1.14)% | (12022) |
| Invesco Ltd. | 8524 | (1.00)% | (12593) |
| Allstate Corp. | 1507 | (1.34)% | (13553) |
| Apollo Global Management, Inc. | 3697 | (1.54)% | (18261) |
| **Total Financial** |  |  | 542600 |
| **Consumer, Cyclical** |  |  |  |
| MillerKnoll, Inc. | 4118 | (0.57)% | 66814 |
| CarMax, Inc. | 1446 | (0.58)% | 32025 |
| American Airlines Group, Inc. | 6067 | (0.50)% | 31506 |
| Hawaiian Holdings, Inc. | 5405 | (0.36)% | 18366 |
| Live Nation Entertainment, Inc. | 1290 | (0.59)% | 5152 |
| Floor & Decor Holdings, Inc. — Class A | 812 | (0.37)% | 4394 |
| Delta Air Lines, Inc. | 6025 | (1.30)% | (1857) |
| Walgreens Boots Alliance, Inc. | 3799 | (0.93)% | (2714) |
| Copart, Inc. | 3641 | (1.45)% | (7217) |
| Madison Square Garden Sports Corp. — Class A | 533 | (0.64)% | (22729) |
| **Total Consumer, Cyclical** |  |  | 123740 |
| **Industrial** |  |  |  |
| Stanley Black & Decker, Inc. | 1090 | (0.54)% | 48694 |
| Stericycle, Inc. | 1130 | (0.37)% | 27011 |
| Waste Management, Inc. | 1434 | (1.47)% | 18858 |
| TD SYNNEX Corp. | 2437 | (1.51)% | 8457 |
| Kirby Corp. | 1235 | (0.52)% | 5375 |
| Jacobs Solutions, Inc. | 1980 | (1.56)% | 2421 |
| General Electric Co. | 1 | 0.00% | 9 |
| J.B. Hunt Transport Services, Inc. | 373 | (0.43)% | (1558) |
| Norfolk Southern Corp. | 338 | (0.54)% | (4874) |
| TransDigm Group, Inc. | 78 | (0.32)% | (6395) |
| FedEx Corp. | 457 | (0.52)% | (8133) |
| Boeing Co. | 424 | (0.53)% | (10755) |
| MSA Safety, Inc. | 1373 | (1.30)% | (29835) |
| Casella Waste Systems, Inc. — Class A | 1870 | (0.97)% | (30353) |
| **Total Industrial** |  |  | 18922 |
| **Energy** |  |  |  |
| NOV, Inc. | 4405 | (0.60)% | 9931 |
| Helmerich & Payne, Inc. | 1554 | (0.50)% | (885) |
| Patterson-UTI Energy, Inc. | 6939 | (0.76)% | (1918) |
| Halliburton Co. | 6411 | (1.65)% | (7846) |

---

---

| | |
|:---|:---|
| **Alpha Opportunity Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** | **Percentage Notional Amount** | **Value and Unrealized<br> Appreciation (Depreciation)** |
| Liberty Energy, Inc. — Class A | 5305 | (0.56)% | $(11277) |
| ChampionX Corp. | 1625 | (0.31)% | (11389) |
| Hess Corp. | 1050 | (0.97)% | (16728) |
| Valaris Ltd. | 1736 | (0.77)% | (28948) |
| Schlumberger Ltd. | 2175 | (0.76)% | (33256) |
| EOG Resources, Inc. | 1700 | (1.44)% | (38370) |
| **Total Energy** |  |  | (140686) |
| **Communications** |  |  |  |
| IAC, Inc. | 2532 | (0.74)% | 28250 |
| Walt Disney Co. | 1974 | (1.12)% | 22610 |
| Warner Bros Discovery, Inc. | 8156 | (0.51)% | 18305 |
| Paramount Global — Class B | 5061 | (0.56)% | 13684 |
| Uber Technologies, Inc. | 4888 | (0.79)% | 5384 |
| Interpublic Group of Companies, Inc. | 4932 | (1.07)% | (20436) |
| **Total Communications** |  |  | 67797 |
| **Technology** |  |  |  |
| Take-Two Interactive Software, Inc. | 1485 | (1.01)% | 4403 |
| Science Applications International Corp. | 1806 | (1.31)% | (2862) |
| **Total Technology** |  |  | 1541 |
| **Total GS Equity Short Custom Basket** |  |  | $778486 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs — See Note 3.* |
| *<sup>1</sup>* | *All or a portion of this security is pledged as custom basket swap collateral at December 31, 2022.* |
| *<sup>2</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

---

| |
|:---|
| *GS — Goldman Sachs International* |
| *MS — Morgan Stanley Capital Services LLC* |
| *plc — Public Limited Company* |
| *REIT — Real Estate Investment Trust* |
| *See Sector Classification in Other Information section.* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $29644208 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $29644208 |
| Money Market Fund | 700247 |  |  | 700247 |
| Equity Custom Basket Swap Agreements\*\* |  | 1716871 |  | 1716871 |
| Total Assets | $30344455 | $1716871 | $— | $32061326 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

---

| | |
|:---|:---|
| **Capital Stewardship Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 99.2%** | **COMMON STOCKS<sup>†</sup> - 99.2%** | **COMMON STOCKS<sup>†</sup> - 99.2%** |
| **Consumer, Non-cyclical - 28.8%** |  |  |
| Johnson & Johnson | 25093 | $4432678 |
| Gilead Sciences, Inc. | 39824 | 3418890 |
| General Mills, Inc. | 40762 | 3417894 |
| Bristol-Myers Squibb Co. | 37497 | 2697909 |
| Hershey Co. | 11013 | 2550280 |
| UnitedHealth Group, Inc. | 4768 | 2527898 |
| Cigna Corp. | 6668 | 2209375 |
| Becton Dickinson and Co. | 8412 | 2139172 |
| Colgate-Palmolive Co. | 26654 | 2100069 |
| Automatic Data Processing, Inc. | 8609 | 2056346 |
| Amgen, Inc. | 6500 | 1707160 |
| CVS Health Corp. | 16328 | 1521606 |
| Quest Diagnostics, Inc. | 9667 | 1512306 |
| Merck & Company, Inc. | 13166 | 1460768 |
| Hologic, Inc.<sup>\*</sup> | 19161 | 1433435 |
| Kellogg Co. | 20113 | 1432850 |
| Campbell Soup Co. | 23306 | 1322615 |
| Humana, Inc. | 2565 | 1313767 |
| J M Smucker Co. | 8284 | 1312683 |
| PepsiCo, Inc. | 6812 | 1230656 |
| AbbVie, Inc. | 7441 | 1202540 |
| Pfizer, Inc. | 20787 | 1065126 |
| Coca-Cola Co. | 14878 | 946389 |
| Vertex Pharmaceuticals, Inc.<sup>\*</sup> | 2578 | 744475 |
| Organon & Co. | 25963 | 725147 |
| McKesson Corp. | 1902 | 713478 |
| Eli Lilly & Co. | 1878 | 687048 |
| United Therapeutics Corp.<sup>\*</sup> | 2080 | 578427 |
| Regeneron Pharmaceuticals, Inc.<sup>\*</sup> | 765 | 551940 |
| Hormel Foods Corp. | 12020 | 547511 |
| Avery Dennison Corp. | 2967 | 537027 |
| Booz Allen Hamilton Holding Corp. | 4562 | 476820 |
| Procter & Gamble Co. | 3079 | 466653 |
| Corteva, Inc. | 7077 | 415986 |
| Kimberly-Clark Corp. | 2683 | 364217 |
| Brown-Forman Corp. — Class B | 2026 | 133068 |
| **Total Consumer, Non-cyclical** |  | 51954209 |
| **Technology - 20.1%** |  |  |
| Microsoft Corp. | 41139 | 9865955 |
| Apple, Inc. | 75586 | 9820889 |
| Texas Instruments, Inc. | 18872 | 3118032 |
| NetApp, Inc. | 20282 | 1218137 |
| Dropbox, Inc. — Class A<sup>\*</sup> | 51829 | 1159933 |
| Jack Henry & Associates, Inc. | 6195 | 1087594 |
| Applied Materials, Inc. | 10449 | 1017524 |
| QUALCOMM, Inc. | 9114 | 1001993 |
| KLA Corp. | 2597 | 979147 |
| VMware, Inc. — Class A<sup>\*</sup> | 7398 | 908178 |
| Seagate Technology Holdings plc | 14632 | 769790 |
| Dell Technologies, Inc. — Class C | 18796 | 755975 |
| Adobe, Inc.<sup>\*</sup> | 2239 | 753491 |
| HP, Inc. | 28007 | 752548 |
| Lumentum Holdings, Inc.<sup>\*</sup> | 12102 | 631361 |
| Broadcom, Inc. | 1109 | 620075 |
| Micron Technology, Inc. | 10160 | 507797 |
| Autodesk, Inc.<sup>\*</sup> | 2407 | 449796 |
| ON Semiconductor Corp.<sup>\*</sup> | 6477 | 403970 |
| Paychex, Inc. | 2086 | 241058 |
| Analog Devices, Inc. | 1094 | 179449 |
| **Total Technology** |  | 36242692 |
| **Financial - 10.6%** |  |  |
| Travelers Companies, Inc. | 11552 | 2165884 |
| Toronto-Dominion Bank | 32643 | 2113961 |
| JPMorgan Chase & Co. | 13789 | 1849105 |
| Bank of Montreal | 20361 | 1844707 |
| Visa, Inc. — Class A | 7835 | 1627800 |
| Principal Financial Group, Inc. | 18874 | 1583906 |
| Bank of New York Mellon Corp. | 33060 | 1504891 |
| U.S. Bancorp | 25900 | 1129499 |
| Mastercard, Inc. — Class A | 2839 | 987205 |
| Aflac, Inc. | 10917 | 785369 |
| Popular, Inc. | 8932 | 592370 |
| Marsh & McLennan Companies, Inc. | 3474 | 574877 |
| Prudential Financial, Inc. | 5747 | 571597 |
| Allstate Corp. | 3907 | 529789 |
| PNC Financial Services Group, Inc. | 2731 | 431334 |
| MetLife, Inc. | 4037 | 292158 |
| Prologis, Inc. REIT | 2568 | 289491 |
| Huntington Bancshares, Inc. | 19850 | 279885 |
| **Total Financial** |  | 19153828 |
| **Consumer, Cyclical - 9.8%** |  |  |
| Home Depot, Inc. | 8815 | 2784306 |
| Cummins, Inc. | 9605 | 2327196 |
| Ulta Beauty, Inc.<sup>\*</sup> | 4108 | 1926939 |
| Dollar General Corp. | 6626 | 1631652 |
| Yum! Brands, Inc. | 11783 | 1509167 |
| Lowe's Companies, Inc. | 7457 | 1485733 |
| WW Grainger, Inc. | 2474 | 1376163 |
| AutoNation, Inc.<sup>\*</sup> | 7600 | 815480 |
| Walmart, Inc. | 5211 | 738868 |
| Starbucks Corp. | 7181 | 712355 |
| Williams-Sonoma, Inc. | 5716 | 656883 |
| Tesla, Inc.<sup>\*</sup> | 4923 | 606415 |
| Penske Automotive Group, Inc. | 3465 | 398232 |
| Tractor Supply Co. | 1503 | 338130 |
| Lear Corp. | 1732 | 214803 |
| Gentex Corp. | 6772 | 184672 |
| **Total Consumer, Cyclical** |  | 17706994 |
| **Energy - 9.2%** |  |  |
| Chevron Corp. | 21080 | 3783649 |
| Phillips 66 | 32483 | 3380831 |
| Valero Energy Corp. | 26230 | 3327538 |
| Exxon Mobil Corp. | 24424 | 2693967 |
| Kinder Morgan, Inc. | 119597 | 2162314 |
| Cheniere Energy, Inc. | 5396 | 809184 |
| Williams Companies, Inc. | 13454 | 442636 |
| **Total Energy** |  | 16600119 |
| **Industrial - 9.0%** |  |  |
| General Dynamics Corp. | 14101 | 3498599 |
| Lockheed Martin Corp. | 4660 | 2267043 |
| Waste Management, Inc. | 12572 | 1972295 |
| 3M Co. | 14237 | 1707301 |
| Raytheon Technologies Corp. | 12157 | 1226885 |
| Illinois Tool Works, Inc. | 5247 | 1155914 |
| Keysight Technologies, Inc.<sup>\*</sup> | 5385 | 921212 |

---

---

| | |
|:---|:---|
| **Capital Stewardship Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 99.2% (continued)** | | |
| **Industrial - 9.0% (continued)** |  |  |
| CH Robinson Worldwide, Inc. | 7405 | $678002 |
| Jabil, Inc. | 9843 | 671293 |
| Caterpillar, Inc. | 2591 | 620700 |
| Amphenol Corp. — Class A | 8001 | 609196 |
| Littelfuse, Inc. | 2008 | 442162 |
| Expeditors International of Washington, Inc. | 3017 | 313526 |
| Avnet, Inc. | 4962 | 206320 |
| **Total Industrial** |  | 16290448 |
| **Communications - 7.5%** |  |  |
| Alphabet, Inc. — Class A<sup>\*</sup> | 40357 | 3560698 |
| Amazon.com, Inc.<sup>\*</sup> | 24291 | 2040444 |
| Motorola Solutions, Inc. | 7729 | 1991841 |
| Cisco Systems, Inc. | 32155 | 1531864 |
| Meta Platforms, Inc. — Class A<sup>\*</sup> | 7880 | 948279 |
| VeriSign, Inc.<sup>\*</sup> | 3812 | 783138 |
| GoDaddy, Inc. — Class A<sup>\*</sup> | 9782 | 731889 |
| TELUS Corp. | 36998 | 714431 |
| Verizon Communications, Inc. | 15657 | 616886 |
| FactSet Research Systems, Inc. | 1490 | 597803 |
| **Total Communications** |  | 13517273 |
| **Basic Materials - 2.5%** |  |  |
| Huntsman Corp. | 51408 | 1412692 |
| Dow, Inc. | 27967 | 1409257 |
| Chemours Co. | 26460 | 810205 |
| FMC Corp. | 3469 | 432931 |
| Reliance Steel & Aluminum Co. | 1990 | 402856 |
| **Total Basic Materials** |  | 4467941 |
| **Utilities - 1.7%** |  |  |
| Duke Energy Corp. | 17107 | 1761850 |
| Exelon Corp. | 16032 | 693063 |
| WEC Energy Group, Inc. | 6072 | 569311 |
| **Total Utilities** |  | 3024224 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $173,320,052) |  | 178957728 |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 0.8%** |  |  |
| SPDR S&P 500 ETF Trust | 3500 | 1338505 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,518,699) |  | 1338505 |
| **MONEY MARKET FUND<sup>†</sup> - 0.5%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>1</sup> | 970094 | 970094 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $970,094) |  | 970094 |
| **Total Investments - 100.5%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $175,808,845) |  | $181266327 |
| **Other Assets & Liabilities, net - (0.5)%** |  | (904235) |
| **Total Net Assets - 100.0%** |  | $180362092 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>1</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*plc — Public Limited Company*

*REIT — Real Estate Investment Trust*

 

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $178957728 | $— | $— | $178957728 |
| Exchange-Traded Funds | 1338505 |  |  | 1338505 |
| Money Market Fund | 970094 |  |  | 970094 |
| Total Assets | $181266327 | $— | $— | $181266327 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 0.2%** | **COMMON STOCKS<sup>†</sup> - 0.2%** | **COMMON STOCKS<sup>†</sup> - 0.2%** |
| **Financial - 0.2%** | **Financial - 0.2%** | **Financial - 0.2%** |
| TPG Pace Beneficial II Corp.<sup>\*,1</sup> | 64278 | $631531 |
| MSD Acquisition Corp. — Class A<sup>\*,1</sup> | 46697 | 471640 |
| AfterNext HealthTech Acquisition Corp. — Class A<sup>\*,1</sup> | 38300 | 383766 |
| Conyers Park III Acquisition Corp. — Class A<sup>\*,1</sup> | 35600 | 351016 |
| Waverley Capital Acquisition Corp. 1 — Class A<sup>\*,1</sup> | 28200 | 282564 |
| Acropolis Infrastructure Acquisition Corp. — Class A<sup>\*,1</sup> | 24900 | 246759 |
| Blue Whale Acquisition Corp. I — Class A<sup>\*,1</sup> | 20700 | 202653 |
| Pershing Square Tontine Holdings, Ltd. — Class A<sup>\*,†††,1</sup> | 622890 | 62 |
| **Total Financial** |  | 2569991 |
| **Communications - 0.0%** |  |  |
| Figs, Inc. — Class A<sup>\*</sup> | 12590 | 84731 |
| Vacasa, Inc. — Class A<sup>\*</sup> | 31926 | 40227 |
| **Total Communications** |  | 124958 |
| **Industrial - 0.0%** |  |  |
| Constar International Holdings LLC<sup>\*,†††</sup> | 68 | – |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,108,403) |  | 2694949 |
| **PREFERRED STOCKS<sup>††</sup> - 5.0%** |  |  |
| **Financial - 5.0%** |  |  |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% | 210000 | 3576300 |
| &nbsp;&nbsp;&nbsp;3.90%<sup>\*</sup> | 3250000 | 2844611 |
| &nbsp;&nbsp;&nbsp;4.70% | 148000 | 2721720 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*</sup> | 8500000 | 6778325 |
| First Republic Bank |  |  |
| &nbsp;&nbsp;&nbsp;4.25% | 362850 | 5961626 |
| &nbsp;&nbsp;&nbsp;4.13% | 47350 | 757600 |
| W R Berkley Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% | 282142 | 5002378 |
| &nbsp;&nbsp;&nbsp;4.25% | 11828 | 219054 |
| Markel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.00%<sup>\*</sup> | 5210000 | 5040675 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.85%<sup>\*</sup> | 3520000 | 3269200 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%<sup>\*</sup> | 3900000 | 3141282 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.13%<sup>\*</sup> | 1650000 | 1619062 |
| &nbsp;&nbsp;&nbsp;4.38% | 42275 | 741926 |
| &nbsp;&nbsp;&nbsp;4.13% | 37275 | 622492 |
| Globe Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% | 159450 | 2854155 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.65%<sup>\*</sup> | 2350000 | 2012188 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.55% | 97040 | 1675881 |
| PartnerRe Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% | 78457 | 1476561 |
| American Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% | 77955 | 1449183 |
| Public Storage |  |  |
| &nbsp;&nbsp;&nbsp;4.63% | 70003 | 1337758 |
| RenaissanceRe Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.20% | 78825 | 1279330 |
| Kuvare US Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00%<sup>\*,4</sup> | 1000000 | 1010000 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;9.25%<sup>\*</sup> | 850000 | 903125 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% | 48000 | 811680 |
| Depository Trust & Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.38%<sup>\*4</sup> | 1000000 | 790000 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% | 38000 | 767220 |
| **Total Financial** |  | 58663332 |
| **Industrial - 0.0%** |  |  |
| Constar International Holdings LLC <sup>\*,†††</sup> | 7 | – |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $75,930,183) |  | 58663332 |
| **WARRANTS<sup>†</sup> - 0.0%** |  |  |
| Conyers Park III Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/12/28<sup>\*,1</sup> | 11866 | 1768 |
| Ginkgo Bioworks Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/01/26<sup>\*</sup> | 6510 | 1302 |
| Acropolis Infrastructure Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 03/31/26<sup>\*,1</sup> | 8300 | 996 |
| AfterNext HealthTech Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 12766 | 957 |
| MSD Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 05/13/23<sup>\*,1</sup> | 9339 | 700 |
| Waverley Capital Acquisition Corp. 1 — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 04/30/27<sup>\*,††,1</sup> | 9400 | 377 |
| Blue Whale Acquisition Corp. I — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 5174 | 369 |
| Pershing Square Tontine Holdings, Ltd. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/24/25<sup>\*,†††,1</sup> | 69210 | 7 |
| **Total Warrants** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $83,105) |  | 6.476 |
| **MONEY MARKET FUNDS<sup>†</sup> - 2.5%** |  |  |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.17%<sup>5</sup> | 22397390 | 22397390 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **MONEY MARKET FUNDS<sup>†</sup>2.5% (continued)** | | |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>5</sup> | 6952234 | $6952234 |
| **Total Money Market Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $29,349,624) |  | 29349624 |
|  | **Face**<br> **Amount<sup>~</sup>** |  |
| **CORPORATE BONDS<sup>††</sup> - 35.0%** |  |  |
| **Financial - 17.2%** |  |  |
| Pershing Square Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 10/01/31 | 6200000 | 4663888 |
| &nbsp;&nbsp;&nbsp;3.25% due 11/15/30<sup>4</sup> | 4500000 | 3503565 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.11% due 04/22/41<sup>3</sup> | 3530000 | 2565340 |
| &nbsp;&nbsp;&nbsp;2.52% due 04/22/31<sup>3</sup> | 2210000 | 1808414 |
| &nbsp;&nbsp;&nbsp;2.96% due 05/13/31<sup>3</sup> | 1870000 | 1540797 |
| &nbsp;&nbsp;&nbsp;4.49% due 03/24/31<sup>3</sup> | 1600000 | 1494330 |
| Nippon Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 01/21/51<sup>3,4</sup> | 8150000 | 6540356 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 12/15/51<sup>3,4</sup> | 5800000 | 4724680 |
| &nbsp;&nbsp;&nbsp;3.95% due 05/15/60<sup>4</sup> | 2150000 | 1408107 |
| BPCE S.A. |  |  |
| &nbsp;&nbsp;&nbsp;2.28% due 01/20/32<sup>3,4</sup> | 8200000 | 6130295 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.62% due 06/03/30<sup>4</sup> | 7470000 | 6038025 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/31 | 4650000 | 3988770 |
| &nbsp;&nbsp;&nbsp;5.30% due 01/15/29 | 1900000 | 1798046 |
| Reliance Standard Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 05/07/25<sup>4</sup> | 5989000 | 5621511 |
| Nationwide Mutual Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.35% due 04/30/50<sup>4</sup> | 7410000 | 5534654 |
| Wilton RE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% <sup>3,4,6</sup> | 6350000 | 5498275 |
| GA Global Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;1.63% due 01/15/26<sup>4</sup> | 5450000 | 4838624 |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/15/27 | 5036000 | 4768563 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.59% due 04/29/31<sup>3</sup> | 5400000 | 4397954 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 03/03/31 | 4000000 | 3277328 |
| &nbsp;&nbsp;&nbsp;5.63% due 08/16/32<sup>4</sup> | 1000000 | 938613 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/30 | 4565000 | 3877241 |
| Fidelity National Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.40% due 06/15/30 | 3378000 | 2851295 |
| &nbsp;&nbsp;&nbsp;2.45% due 03/15/31 | 1210000 | 923059 |
| Allianz SE |  |  |
| &nbsp;&nbsp;&nbsp;3.20% <sup>3,4,6</sup> | 5000000 | 3716301 |
| Teachers Insurance & Annuity Association of America |  |  |
| &nbsp;&nbsp;&nbsp;3.30% due 05/15/50<sup>4</sup> | 5150000 | 3560470 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 02/15/31<sup>4</sup> | 1917000 | 1575659 |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/30<sup>4</sup> | 1283000 | 1114927 |
| &nbsp;&nbsp;&nbsp;5.63% due 07/15/32<sup>4</sup> | 1000000 | 866616 |
| PartnerRe Finance B LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/50<sup>3</sup> | 4040000 | 3495809 |
| Safehold Operating Partnership, LP |  |  |
| &nbsp;&nbsp;&nbsp;2.85% due 01/15/32 | 2428000 | 1842717 |
| &nbsp;&nbsp;&nbsp;2.80% due 06/15/31 | 1931000 | 1481958 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 01/15/27 | 2150000 | 1794896 |
| &nbsp;&nbsp;&nbsp;3.25% due 07/15/27 | 1800000 | 1514095 |
| Macquarie Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.87% due 01/14/33<sup>3,4</sup> | 2150000 | 1649443 |
| &nbsp;&nbsp;&nbsp;2.69% due 06/23/32<sup>3,4</sup> | 2000000 | 1534709 |
| Maple Grove Funding Trust I |  |  |
| &nbsp;&nbsp;&nbsp;4.16% due 08/15/51<sup>4</sup> | 4750000 | 3183098 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 10/15/32 | 2720000 | 2045475 |
| &nbsp;&nbsp;&nbsp;2.63% due 10/15/31 | 1400000 | 1067975 |
| Ares Finance Company II LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 06/15/30<sup>4</sup> | 3660000 | 3019314 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.90% due 04/05/32<sup>4</sup> | 1600000 | 1397388 |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/52<sup>3,4</sup> | 1000000 | 924035 |
| &nbsp;&nbsp;&nbsp;4.35% due 04/05/42<sup>4</sup> | 750000 | 615262 |
| Host Hotels & Resorts, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 09/15/30 | 3385000 | 2793532 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 01/15/32 | 2300000 | 1701098 |
| &nbsp;&nbsp;&nbsp;4.90% due 03/27/28 | 1100000 | 1053769 |
| First American Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/15/30 | 3180000 | 2663129 |
| KKR Group Finance Company VI LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 07/01/29<sup>4</sup> | 2915000 | 2621410 |
| OneAmerica Financial Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/50<sup>4</sup> | 3620000 | 2575748 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>4</sup> | 3150000 | 2404318 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;2.10% due 02/11/32<sup>3,4</sup> | 2950000 | 2221034 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 04/01/28 | 2050000 | 2190630 |
| Old Republic International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.85% due 06/11/51 | 3166000 | 2171410 |
| Belrose Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.33% due 08/15/30<sup>4</sup> | 2780000 | 2105257 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 35.0% (continued)** | | |
| **Financial - 17.2% (continued)** |  |  |
| Sumitomo Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 04/15/81<sup>3,4</sup> | 2500000 | $2085596 |
| National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.33% due 08/21/30<sup>4</sup> | 1500000 | 1141919 |
| &nbsp;&nbsp;&nbsp;2.99% due 05/21/31<sup>4</sup> | 1150000 | 900191 |
| Standard Chartered plc |  |  |
| &nbsp;&nbsp;&nbsp;4.64% due 04/01/31<sup>3,4</sup> | 2250000 | 2021933 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>4</sup> | 2450000 | 1998539 |
| Ceamer Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.92% due 05/15/38<sup>†††</sup> | 2000000 | 1911820 |
| Everest Reinsurance Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 10/15/50 | 2560000 | 1732727 |
| Stewart Information Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.60% due 11/15/31 | 2250000 | 1724236 |
| Massachusetts Mutual Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 04/15/50<sup>4</sup> | 2450000 | 1693462 |
| QBE Insurance Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% <sup>3,4,6</sup> | 1750000 | 1649687 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.02% due 11/18/36<sup>3</sup> | 1200000 | 892161 |
| &nbsp;&nbsp;&nbsp;2.96% due 11/16/40 | 1100000 | 726291 |
| Manulife Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.48% due 05/19/27 | 1800000 | 1615463 |
| KKR Group Finance Company VIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 08/25/50<sup>4</sup> | 2360000 | 1577704 |
| Americo Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 04/15/31<sup>4</sup> | 2060000 | 1566557 |
| Trustage Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/32<sup>4</sup> | 1750000 | 1508672 |
| HS Wildcat LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.83% due 12/31/50<sup>†††</sup> | 1997584 | 1492974 |
| Dyal Capital Partners III |  |  |
| &nbsp;&nbsp;&nbsp;4.40% due 06/15/40<sup>†††</sup> | 1750000 | 1436645 |
| Primerica, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 11/19/31 | 1750000 | 1424417 |
| AmFam Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.81% due 03/11/31<sup>4</sup> | 1750000 | 1359699 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 10/31/82<sup>3</sup> | 1300000 | 1352000 |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 05/23/42<sup>3,4</sup> | 1350000 | 1344937 |
| Australia & New Zealand Banking Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.57% due 11/25/35<sup>3,4</sup> | 1800000 | 1320708 |
| Global Atlantic Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 06/15/31<sup>4</sup> | 1800000 | 1320666 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 03/30/51 | 1250000 | 793431 |
| &nbsp;&nbsp;&nbsp;4.70% due 09/20/47 | 650000 | 522394 |
| Assured Guaranty US Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/31 | 830000 | 698563 |
| &nbsp;&nbsp;&nbsp;3.60% due 09/15/51 | 800000 | 520526 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 06/15/50 | 1580000 | 1175985 |
| ABN AMRO Bank N.V. |  |  |
| &nbsp;&nbsp;&nbsp;2.47% due 12/13/29<sup>3,4</sup> | 1400000 | 1132079 |
| Kemper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.40% due 09/30/30 | 1298000 | 1009160 |
| Societe Generale S.A. |  |  |
| &nbsp;&nbsp;&nbsp;2.89% due 06/09/32<sup>3,4</sup> | 1300000 | 1000125 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/27/82<sup>3</sup> | 950000 | 987655 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 10/01/50<sup>3</sup> | 1160000 | 978912 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.22% due 09/17/31 | 1050000 | 809805 |
| Central Storage Safety Project Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.82% due 02/01/38<sup>7</sup> | 896960 | 806358 |
| Intercontinental Exchange, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 09/15/40 | 1100000 | 762892 |
| Apollo Management Holdings, LP |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 06/05/30<sup>4</sup> | 930000 | 755500 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 05/30/29 | 700000 | 666893 |
| Protective Life Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.40% due 01/15/30<sup>4</sup> | 740000 | 643555 |
| Penn Mutual Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.80% due 04/29/61<sup>4</sup> | 950000 | 626531 |
| Accident Fund Insurance Company of America |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 08/01/32<sup>4</sup> | 600000 | 614113 |
| Brown & Brown, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.38% due 03/15/31 | 800000 | 608667 |
| Western & Southern Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 04/28/61<sup>4</sup> | 850000 | 567110 |
| New York Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 05/15/50<sup>4</sup> | 600000 | 458797 |
| Fidelity & Guaranty Life Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/01/25<sup>4</sup> | 400000 | 394122 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;4.66% due 08/22/28<sup>3,4</sup> | 400000 | 383912 |
| Hanover Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 09/01/30 | 480000 | 368742 |
| Brookfield Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 04/15/50 | 470000 | 296851 |
| Cushman & Wakefield US Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/28<sup>4</sup> | 296000 | 282491 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 35.0% (continued)** | | |
| **Financial - 17.2% (continued)** |  |  |
| KKR Group Finance Company III LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 06/01/44<sup>4</sup> | 100000 | $86782 |
| **Total Financial** |  | 203384167 |
| **Consumer, Cyclical - 4.3%** |  |  |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 04/23/25 | 3950000 | 3919523 |
| &nbsp;&nbsp;&nbsp;6.00% due 04/23/30 | 3010000 | 2944458 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/15/30 | 2830000 | 2640712 |
| &nbsp;&nbsp;&nbsp;2.85% due 04/15/31 | 2020000 | 1635761 |
| &nbsp;&nbsp;&nbsp;3.50% due 10/15/32 | 1854000 | 1542275 |
| &nbsp;&nbsp;&nbsp;2.75% due 10/15/33 | 1000000 | 762908 |
| Choice Hotels International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 01/15/31 | 7340000 | 6221780 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.60% due 05/15/50 | 6145000 | 4884651 |
| Alt-2 Structured Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 05/14/31<sup>†††</sup> | 3561886 | 3139340 |
| Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/01/25<sup>4</sup> | 3014000 | 3080129 |
| Delta Air Lines Inc. / SkyMiles IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/20/25<sup>4</sup> | 3150000 | 3073083 |
| Smithsonian Institution |  |  |
| &nbsp;&nbsp;&nbsp;2.70% due 09/01/44 | 4000000 | 2647543 |
| British Airways Class A Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 11/15/32<sup>4</sup> | 2088104 | 1867883 |
| &nbsp;&nbsp;&nbsp;2.90% due 03/15/35<sup>4</sup> | 836418 | 680867 |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/20/27<sup>4</sup> | 2295148 | 2281840 |
| BorgWarner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 07/01/27 | 2310000 | 2054912 |
| Steelcase, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 01/18/29 | 2224000 | 1937571 |
| Ferguson Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 06/02/30<sup>4</sup> | 1204000 | 1020826 |
| &nbsp;&nbsp;&nbsp;4.65% due 04/20/32<sup>4</sup> | 600000 | 546037 |
| Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.14% due 03/15/52<sup>4</sup> | 1650000 | 1199495 |
| Northern Group Housing LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.80% due 08/15/53<sup>4</sup> | 1100000 | 1153349 |
| Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.10% due 04/15/50 | 1541000 | 1133629 |
| American Airlines Class AA Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.20% due 06/15/28 | 719500 | 623966 |
| JB Poindexter & Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/15/26<sup>4</sup> | 200000 | 193000 |
| **Total Consumer, Cyclical** |  | 51185538 |
| **Industrial - 3.9%** |  |  |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.81% due 05/01/50 | 7340000 | 6805471 |
| &nbsp;&nbsp;&nbsp;5.71% due 05/01/40 | 4380000 | 4176603 |
| &nbsp;&nbsp;&nbsp;5.04% due 05/01/27 | 2150000 | 2126302 |
| &nbsp;&nbsp;&nbsp;2.20% due 02/04/26 | 1000000 | 908563 |
| FLNG Liquefaction 3 LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.08% due 06/30/39<sup>†††</sup> | 4303845 | 3295368 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 01/15/29 | 3800000 | 3230000 |
| TD SYNNEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 08/09/31 | 2550000 | 1931462 |
| &nbsp;&nbsp;&nbsp;2.38% due 08/09/28 | 1600000 | 1290765 |
| Cellnex Finance Company S.A. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 07/07/41<sup>4</sup> | 4150000 | 2838600 |
| Vontier Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 04/01/31 | 3450000 | 2492860 |
| Flowserve Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 10/01/30 | 1810000 | 1508743 |
| &nbsp;&nbsp;&nbsp;2.80% due 01/15/32 | 1150000 | 861402 |
| IP Lending II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 07/15/25<sup>†††,4</sup> | 2450000 | 2339750 |
| Acuity Brands Lighting, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.15% due 12/15/30 | 3000000 | 2303847 |
| Owens Corning |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 06/01/30 | 2380000 | 2114723 |
| GATX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/30/30 | 2110000 | 1869746 |
| Fortune Brands Innovations, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/25/32 | 2050000 | 1777435 |
| Stadco LA, LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 05/15/56<sup>†††</sup> | 2000000 | 1378400 |
| Amcor Flexibles North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 06/19/30 | 1230000 | 1000894 |
| IP Lending V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 04/02/26<sup>†††,4</sup> | 1050000 | 963375 |
| Norfolk Southern Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.10% due 05/15/21 | 600000 | 414942 |
| Sonoco Products Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 11/01/40 | 150000 | 143736 |
| **Total Industrial** |  | 45772987 |
| **Consumer, Non-cyclical - 3.8%** |  |  |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 02/04/51 | 4650000 | 2912391 |
| &nbsp;&nbsp;&nbsp;3.40% due 05/06/30 | 2510000 | 2145428 |
| &nbsp;&nbsp;&nbsp;4.45% due 05/06/50 | 390000 | 276157 |
| CoStar Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 07/15/30<sup>4</sup> | 5810000 | 4744967 |
| Quanta Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 10/01/30 | 4175000 | 3432773 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 35.0% (continued)** | | | |
| **Consumer, Non-cyclical - 3.8% (continued)** |  |  |  |
| BAT Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.98% due 09/25/50 |  | 2800000 | $1832198 |
| &nbsp;&nbsp;&nbsp;4.70% due 04/02/27 |  | 1410000 | 1351613 |
| Global Payments, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 05/15/30 |  | 1620000 | 1327375 |
| &nbsp;&nbsp;&nbsp;2.90% due 11/15/31 |  | 1650000 | 1301138 |
| Smithfield Foods, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 09/13/31<sup>4</sup> |  | 2400000 | 1716497 |
| &nbsp;&nbsp;&nbsp;3.00% due 10/15/30<sup>4</sup> |  | 970000 | 738551 |
| Becle, SAB de CV |  |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 10/14/31<sup>4</sup> |  | 2700000 | 2097900 |
| JBS USA LUX S.A. / JBS USA Food Company / JBS USA Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 05/15/32<sup>4</sup> |  | 1750000 | 1341989 |
| &nbsp;&nbsp;&nbsp;4.38% due 02/02/52<sup>4</sup> |  | 600000 | 424154 |
| Royalty Pharma plc |  |  |  |
| &nbsp;&nbsp;&nbsp;3.55% due 09/02/50 |  | 2690000 | 1719054 |
| Triton Container International Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/31<sup>4</sup> |  | 2100000 | 1634767 |
| Emory University |  |  |  |
| &nbsp;&nbsp;&nbsp;2.97% due 09/01/50 |  | 2000000 | 1351781 |
| Yale-New Haven Health Services Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 07/01/50 |  | 2250000 | 1345939 |
| California Institute of Technology |  |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 09/01/19 |  | 2000000 | 1273878 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 08/15/33 |  | 1100000 | 1211992 |
| Kimberly-Clark de Mexico SAB de CV |  |  |  |
| &nbsp;&nbsp;&nbsp;2.43% due 07/01/31<sup>4</sup> |  | 1500000 | 1199115 |
| Universal Health Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 10/15/30<sup>4</sup> |  | 1320000 | 1050552 |
| Transurban Finance Company Pty Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.45% due 03/16/31<sup>4</sup> |  | 1300000 | 1022551 |
| Health Care Service Corporation A Mutual Legal Reserve Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.20% due 06/01/50<sup>4</sup> |  | 1480000 | 1013449 |
| Cheplapharm Arzneimittel GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 01/15/28 | EUR | 1000000 | 938256 |
| Prime Security Services Borrower LLC / Prime Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/31/27<sup>4</sup> |  | 925000 | 798446 |
| Kraft Heinz Foods Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 08/01/39<sup>4</sup> |  | 650000 | 714390 |
| OhioHealth Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.04% due 11/15/50 |  | 1000000 | 701601 |
| Wisconsin Alumni Research Foundation |  |  |  |
| &nbsp;&nbsp;&nbsp;3.56% due 10/01/49 |  | 1000000 | 681282 |
| Memorial Sloan-Kettering Cancer Center |  |  |  |
| &nbsp;&nbsp;&nbsp;2.96% due 01/01/50 |  | 1000000 | 662484 |
| Johns Hopkins University |  |  |  |
| &nbsp;&nbsp;&nbsp;2.81% due 01/01/60 |  | 1000000 | 624385 |
| Children's Hospital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.59% due 02/01/50 |  | 1000000 | 608683 |
| Children's Health System of Texas |  |  |  |
| &nbsp;&nbsp;&nbsp;2.51% due 08/15/50 |  | 1000000 | 597174 |
| Duke University |  |  |  |
| &nbsp;&nbsp;&nbsp;2.83% due 10/01/55 |  | 506000 | 341312 |
| Triton Container International Limited / TAL International Container Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 03/15/32 |  | 200000 | 154410 |
| **Total Consumer, Non-cyclical** |  |  | 45288632 |
| **Communications - 1.8%** |  |  |  |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 04/01/31 |  | 3325000 | 2588538 |
| &nbsp;&nbsp;&nbsp;3.90% due 06/01/52 |  | 3350000 | 2103219 |
| &nbsp;&nbsp;&nbsp;2.25% due 01/15/29 |  | 2400000 | 1931705 |
| British Telecommunications plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 11/23/81<sup>3,4</sup> |  | 2900000 | 2281410 |
| &nbsp;&nbsp;&nbsp;4.25% due 11/23/81<sup>3,4</sup> |  | 500000 | 418290 |
| &nbsp;&nbsp;&nbsp;9.63% due 12/15/30 |  | 150000 | 179629 |
| Level 3 Financing, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 07/01/28<sup>4</sup> |  | 2175000 | 1713247 |
| &nbsp;&nbsp;&nbsp;3.88% due 11/15/29<sup>4</sup> |  | 1150000 | 907506 |
| Paramount Global |  |  |  |
| &nbsp;&nbsp;&nbsp;4.95% due 05/19/50 |  | 2490000 | 1811271 |
| &nbsp;&nbsp;&nbsp;2.90% due 01/15/27 |  | 450000 | 403838 |
| Virgin Media Secured Finance plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 08/15/30<sup>4</sup> |  | 2350000 | 1963249 |
| Vodafone Group plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 06/04/81<sup>3</sup> |  | 2550000 | 1892639 |
| Rogers Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.55% due 03/15/52<sup>4</sup> |  | 2000000 | 1550572 |
| VeriSign, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.70% due 06/15/31 |  | 1132000 | 921919 |
| Fox Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.05% due 04/07/25 |  | 450000 | 430185 |
| CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 12/01/30<sup>4</sup> |  | 600000 | 423498 |
| Altice France S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 01/15/29<sup>4</sup> |  | 250000 | 187978 |
| Telenet Finance Luxembourg Notes SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/28 |  | 200000 | 180000 |
| **Total Communications** |  |  | 21888693 |
| **Energy - 1.3%** |  |  |  |
| BP Capital Markets plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88%<sup>3,6</sup> |  | 7530000 | 6588750 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 35.0% (continued)** | | |
| **Energy - 1.3% (continued)** |  |  |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 09/30/40<sup>4</sup> | 2986000 | $2308739 |
| &nbsp;&nbsp;&nbsp;2.94% due 09/30/40<sup>4</sup> | 1297083 | 1041425 |
| Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 01/15/29 | 2158000 | 2175173 |
| Magellan Midstream Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 03/01/50 | 2000000 | 1463540 |
| Midwest Connector Capital Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/01/29<sup>4</sup> | 1050000 | 948565 |
| NuStar Logistics, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30 | 658000 | 608429 |
| &nbsp;&nbsp;&nbsp;6.00% due 06/01/26 | 200000 | 192582 |
| **Total Energy** |  | 15327203 |
| **Technology - 1.2%** |  |  |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.93% due 05/15/37<sup>4</sup> | 2306000 | 2011674 |
| &nbsp;&nbsp;&nbsp;4.15% due 11/15/30 | 1702000 | 1525251 |
| &nbsp;&nbsp;&nbsp;3.19% due 11/15/36<sup>4</sup> | 217000 | 155869 |
| Entegris Escrow Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 04/15/29<sup>4</sup> | 3700000 | 3374168 |
| CDW LLC / CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.57% due 12/01/31 | 2600000 | 2142494 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 03/25/51 | 2450000 | 1745476 |
| Leidos, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.30% due 02/15/31 | 1750000 | 1340597 |
| &nbsp;&nbsp;&nbsp;4.38% due 05/15/30 | 200000 | 180352 |
| CGI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.30% due 09/14/31 | 1300000 | 987081 |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 07/15/52 | 750000 | 688064 |
| **Total Technology** |  | 14151026 |
| **Basic Materials - 0.8%** |  |  |
| Newcrest Finance Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 05/13/30<sup>4</sup> | 3600000 | 3004364 |
| &nbsp;&nbsp;&nbsp;4.20% due 05/13/50<sup>4</sup> | 3235000 | 2285123 |
| Anglo American Capital plc |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 04/01/30<sup>4</sup> | 1800000 | 1786925 |
| &nbsp;&nbsp;&nbsp;3.95% due 09/10/50<sup>4</sup> | 970000 | 708424 |
| &nbsp;&nbsp;&nbsp;2.63% due 09/10/30<sup>4</sup> | 250000 | 203171 |
| Yamana Gold, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 08/15/31 | 1200000 | 896068 |
| Reliance Steel & Aluminum Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.15% due 08/15/30 | 810000 | 637846 |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/15/27<sup>4</sup> | 713000 | 631811 |
| **Total Basic Materials** |  | 10153732 |
| **Utilities - 0.7%** |  |  |
| Jersey Central Power & Light Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 03/01/32<sup>4</sup> | 3220000 | 2600265 |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 07/15/30<sup>4</sup> | 1760000 | 1552320 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.45% due 12/02/27<sup>4</sup> | 1750000 | 1449971 |
| Alexander Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;1.84% due 11/15/23<sup>4</sup> | 950000 | 910054 |
| Enel Finance America LLC |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 07/12/41<sup>4</sup> | 1250000 | 749847 |
| Xcel Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.35% due 11/15/31 | 690000 | 551233 |
| **Total Utilities** |  | 7813690 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $517,717,183) |  | 414965668 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5%** |  |  |
| **Collateralized Loan Obligations - 18.8%** |  |  |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-CRE5 C, 6.67% (1 Month USD LIBOR + 2.35%, Rate Floor: 2.35%) due 07/15/36<sup>◊,4</sup> | 7500000 | 6818868 |
| &nbsp;&nbsp;&nbsp;2021-CRE4 D, 6.42% (30 Day Average SOFR + 2.61%, Rate Floor: 2.50%) due 07/15/35<sup>◊</sup> | 4426000 | 4244403 |
| &nbsp;&nbsp;&nbsp;2021-CRE6 C, 6.62% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 11/15/38<sup>◊,4</sup> | 4000000 | 3773228 |
| &nbsp;&nbsp;&nbsp;2021-CRE4 C, 5.62% (30 Day Average SOFR + 1.81%, Rate Floor: 1.70%) due 07/15/35<sup>◊,4</sup> | 1000000 | 953267 |
| Woodmont Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A A1A, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/15/32<sup>◊,4</sup> | 12000000 | 11891579 |
| &nbsp;&nbsp;&nbsp;2020-7A B, 6.68% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 01/15/32<sup>◊,4</sup> | 3750000 | 3627961 |
| Octagon Investment Partners 49 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A B, 5.63% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 01/15/33<sup>◊,4</sup> | 8500000 | 8186687 |
| &nbsp;&nbsp;&nbsp;2021-5A C, 6.13% (3 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 01/15/33<sup>◊,4</sup> | 7450000 | 7067635 |
| Cerberus Loan Funding XXX, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A A, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/33<sup>◊,4</sup> | 13500000 | 13205415 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5% (continued)** | | |
| **Collateralized Loan Obligations - 18.8% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A B, 6.58% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/15/33<sup>◊,4</sup> | 2000000 | $1917217 |
| LCCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 A, 5.77% (1 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 11/15/38<sup>◊,4</sup> | 6000000 | 5753041 |
| &nbsp;&nbsp;&nbsp;2021-FL3 AS, 6.12% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/15/38<sup>◊,4</sup> | 3950000 | 3722754 |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.47% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 12/13/38<sup>◊,4</sup> | 3100000 | 2917730 |
| AMMC CLO XIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-14A A2R2, 5.76% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 07/25/29<sup>◊,4</sup> | 8000000 | 7859305 |
| Dryden 36 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2020-36A CR3, 6.13% (3 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 04/15/29<sup>◊,4</sup> | 8000000 | 7667208 |
| Madison Park Funding XLVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-48A B, 5.68% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/19/33<sup>◊,4</sup> | 4000000 | 3867751 |
| &nbsp;&nbsp;&nbsp;2021-48A C, 6.23% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 04/19/33<sup>◊,4</sup> | 4000000 | 3790910 |
| MF1 Multifamily Housing Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL6 D, 6.88% (1 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 07/16/36<sup>◊</sup> | 4000000 | 3740457 |
| &nbsp;&nbsp;&nbsp;2021-FL6 C, 6.18% (1 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 07/16/36<sup>◊,4</sup> | 3400000 | 3126428 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A2, 5.49% (3 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 04/20/29<sup>◊,4</sup> | 2000000 | 1941433 |
| &nbsp;&nbsp;&nbsp;2021-1A B, 6.04% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 04/20/29<sup>◊,4</sup> | 2000000 | 1917930 |
| &nbsp;&nbsp;&nbsp;2021-3A C, 6.74% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 07/20/29<sup>◊,4</sup> | 2000000 | 1824241 |
| &nbsp;&nbsp;&nbsp;2021-2A C, 7.08% (3 Month USD LIBOR + 2.40%, Rate Floor: 2.40%) due 05/20/29<sup>◊,4</sup> | 1000000 | 951896 |
| Golub Capital Partners CLO 33M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-33A AR2, 6.62% (3 Month USD LIBOR + 1.86%, Rate Floor: 1.86%) due 08/25/33<sup>◊,4</sup> | 6500000 | 6054881 |
| Golub Capital Partners CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16A A1R2, 5.97% (3 Month USD LIBOR + 1.61%, Rate Floor: 1.61%) due 07/25/33<sup>◊,4</sup> | 4000000 | 3832127 |
| &nbsp;&nbsp;&nbsp;2021-16A A2R2, 6.16% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 07/25/33<sup>◊,4</sup> | 2000000 | 1908960 |
| ABPCI Direct Lending Fund CLO II LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.84% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/20/32<sup>◊,4</sup> | 5500000 | 5298944 |
| Cerberus Loan Funding XXXII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A, 5.70% (3 Month USD LIBOR + 1.62%, Rate Floor: 1.62%) due 04/22/33<sup>◊,4</sup> | 4250000 | 4084935 |
| &nbsp;&nbsp;&nbsp;2021-2A C, 6.93% (3 Month USD LIBOR + 2.85%, Rate Floor: 2.85%) due 04/22/33<sup>◊,4</sup> | 1250000 | 1159544 |
| KREF Funding V LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.07% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/25/26<sup>◊,†††</sup> | 4459653 | 4438023 |
| &nbsp;&nbsp;&nbsp; 0.15% due 06/25/26<sup>†††,8</sup> | 21818182 | 873 |
| Cerberus Loan Funding XXXI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/32<sup>◊,4</sup> | 4419158 | 4346410 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5% (continued)** | | |
| **Collateralized Loan Obligations - 18.8% (continued)** |  |  |
| THL Credit Lake Shore MM CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.78% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 04/15/33<sup>◊,4</sup> | 4250000 | $4146679 |
| Golub Capital Partners CLO 36M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-36A A, 5.83% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 02/05/31<sup>◊,4</sup> | 4100000 | 4015162 |
| Fortress Credit Opportunities IX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A2TR, 5.88% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 10/15/33<sup>◊,4</sup> | 3250000 | 3047865 |
| &nbsp;&nbsp;&nbsp;2021-9A A1TR, 5.63% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 10/15/33<sup>◊,4</sup> | 1000000 | 956253 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-FL6 B, 7.96% (1 Month Term SOFR + 3.63%, Rate Floor: 3.63%) due 08/17/37<sup>◊,4</sup> | 2500000 | 2489789 |
| &nbsp;&nbsp;&nbsp;2022-FL6 AS, 7.46% (1 Month Term SOFR + 3.13%, Rate Floor: 3.13%) due 08/17/37<sup>◊,4</sup> | 1500000 | 1493834 |
| BSPDF Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.57% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 10/15/36<sup>◊,4</sup> | 4000000 | 3732664 |
| ABPCI Direct Lending Fund CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1A2, 5.94% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 07/20/33<sup>◊,4</sup> | 3750000 | 3605420 |
| PFP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-7 D, 6.73% (1 Month USD LIBOR + 2.40%, Rate Floor: 2.40%) due 04/14/38<sup>◊,4</sup> | 3749813 | 3491513 |
| Cerberus Loan Funding XXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A AR, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/31<sup>◊,4</sup> | 3500000 | 3448454 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-FL2 A, 5.34% (1 Month Term SOFR + 1.01%, Rate Floor: 0.90%) due 02/15/38<sup>◊,4</sup> | 3267326 | 3226127 |
| ABPCI Direct Lending Fund CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A1R, 5.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/20/31<sup>◊,4</sup> | 3250000 | 3164528 |
| Owl Rock CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A A1R, 6.28% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/20/33<sup>◊,4</sup> | 3250000 | 3105206 |
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A C, 6.04% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 01/20/33<sup>◊,4</sup> | 3000000 | 2801518 |
| VOYA CLO |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A2AR, 5.73% (3 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 06/07/30<sup>◊,4</sup> | 2550000 | 2472237 |
| Apres Static CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A A2R, 5.78% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 10/15/28<sup>◊,4</sup> | 2000000 | 1967888 |
| Fortress Credit Opportunities XI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-11A A1T, 5.38% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/31<sup>◊,4</sup> | 2000000 | 1953499 |
| MidOcean Credit CLO VII |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A BR, 5.68% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/15/29<sup>◊,4</sup> | 2000000 | 1927535 |
| ABPCI Direct Lending Fund IX LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A2R, 6.16% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/18/31<sup>◊,4</sup> | 2000000 | 1918948 |
| ACRES Commercial Realty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 AS, 6.08% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 01/15/37<sup>◊</sup> | 2000000 | 1911553 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5% (continued)** | | |
| **Collateralized Loan Obligations - 18.8% (continued)** |  |  |
| FS Rialto |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 C, 6.38% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 11/16/36<sup>◊,4</sup> | 2000000 | $1890934 |
| Magnetite XXIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-29A C, 5.73% (3 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 01/15/34<sup>◊,4</sup> | 2000000 | 1877590 |
| Neuberger Berman Loan Advisers CLO 40 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-40A C, 5.83% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 04/16/33<sup>◊,4</sup> | 2000000 | 1868480 |
| BRSP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.49% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 08/19/38<sup>◊,4</sup> | 2000000 | 1856836 |
| Cerberus Loan Funding XXXIII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A B, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 07/23/33<sup>◊,4</sup> | 2000000 | 1832117 |
| Canyon Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A A2R, 5.92% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/30/31<sup>◊,4</sup> | 1900000 | 1812109 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-4A A2RR, 5.78% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/24/29<sup>◊,4</sup> | 1500000 | 1470141 |
| Golub Capital Partners CLO 54M L.P |  |  |
| &nbsp;&nbsp;&nbsp;2021-54A B, 6.38% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 08/05/33<sup>◊,4</sup> | 1500000 | 1399059 |
| STWD Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-FL1 D, 6.79% (1 Month Term SOFR + 2.46%, Rate Floor: 2.35%) due 07/15/38<sup>◊,4</sup> | 1459000 | 1386247 |
| Marathon CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-5A A2R, 6.13% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/21/27<sup>◊,4</sup> | 1000000 | 993041 |
| &nbsp;&nbsp;&nbsp;2017-5A A1R, 5.55% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/27<sup>◊,4</sup> | 29051 | 28983 |
| Owl Rock CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A A, 6.48% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 05/20/31<sup>◊,4</sup> | 1000000 | 978425 |
| NewStar Fairfield Fund CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A A1N, 5.51% (3 Month USD LIBOR + 1.27%, Rate Floor: 1.27%) due 04/20/30<sup>◊,4</sup> | 989329 | 974943 |
| Owl Rock CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A ALR, 5.79% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 04/20/33<sup>◊,4</sup> | 1000000 | 965897 |
| KREF |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.33% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 02/15/39<sup>◊,4</sup> | 1000000 | 955619 |
| BSPRT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL7 C, 6.62% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 12/15/38<sup>◊</sup> | 1000000 | 952233 |
| Northwoods Capital XII-B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-12BA B, 6.62% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 06/15/31<sup>◊,4</sup> | 1000000 | 942731 |
| Dryden 37 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-37A Q, due 01/15/31<sup>4,9</sup> | 1000000 | 777266 |
| Golub Capital Partners CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-17A A1R, 6.01% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/30<sup>◊,4</sup> | 750000 | 737844 |
| ACRE Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL4 D, 6.94% (1 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 12/18/37<sup>◊,4</sup> | 773000 | 732205 |
| Cerberus Loan Funding XXXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A A, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/22/33<sup>◊,4</sup> | 469063 | 466981 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-FL7 B, 7.82% (1 Month Term SOFR + 3.91%, Rate Floor: 3.91%) due 10/19/39<sup>◊</sup> | 250000 | 248253 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5% (continued)** | | | |
| **Collateralized Loan Obligations - 18.8% (continued)** |  |  |  |
| Newfleet CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A A1R, 5.19% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/28<sup>◊,4</sup> |  | 246255 | $245431 |
| Babson CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2014-IA SUB, due 07/20/25<sup>4,9</sup> |  | 650000 | 30550 |
| Treman Park CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A COM, due 10/20/28<sup>4,9</sup> |  | 162950 | 9749 |
| Copper River CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>†††,7,9</sup> |  | 700000 | 274 |
| **Total Collateralized Loan Obligations** |  |  | 222202651 |
| **Whole Business - 2.4%** |  |  |  |
| Domino's Pizza Master Issuer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.12% due 07/25/47<sup>4</sup> |  | 5143500 | 4713632 |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.15% due 04/25/51<sup>4</sup> |  | 1132750 | 905512 |
| Arbys Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.24% due 07/30/50<sup>4</sup> |  | 6598125 | 5576511 |
| DB Master Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.35% due 05/20/49<sup>4</sup> |  | 3628125 | 3308066 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.79% due 11/20/51<sup>4</sup> |  | 1980000 | 1525285 |
| Taco Bell Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.97% due 05/25/46<sup>4</sup> |  | 3543750 | 3399038 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.29% due 08/25/51<sup>4</sup> |  | 1415700 | 1137328 |
| ServiceMaster Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.84% due 01/30/51<sup>4</sup> |  | 3930000 | 3148241 |
| SERVPRO Master Issuer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.39% due 04/25/51<sup>4</sup> |  | 3447500 | 2696655 |
| Wendy's Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.78% due 06/15/49<sup>4</sup> |  | 1332240 | 1225538 |
| Wingstop Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 3.73% due 03/05/52<sup>4</sup> |  | 997500 | 857269 |
| **Total Whole Business** |  |  | 28493075 |
| **Financial - 2.1%** |  |  |  |
| Strategic Partners Fund VIII LP |  |  |  |
| &nbsp;&nbsp;&nbsp;6.68% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26<sup>◊,†††</sup> |  | 3500000 | 3502765 |
| &nbsp;&nbsp;&nbsp;6.33% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26<sup>◊,†††</sup> |  | 1300000 | 1301027 |
| KKR Core Holding Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/12/31<sup>†††</sup> |  | 5158835 | 4380315 |
| Madison Avenue Secured Funding Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.07% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/17/23<sup>◊,†††,4</sup> |  | 4250000 | 4250000 |
| HV Eight LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27<sup>◊,†††</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;3500000 | 3748528 |
| HarbourVest Structured Solutions IV Holdings, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;6.12% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26<sup>◊,†††</sup> |  | 1831749 | 1832317 |
| &nbsp;&nbsp;&nbsp;2.58% (3 Month EURIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26<sup>◊,†††</sup> | EUR | 1000000 | 1071008 |
| Thunderbird A |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> |  | 1275778 | 1243883 |
| Lightning A |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> |  | 1247333 | 1216150 |
| Bib Merchant Voucher Receivables Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.18% due 04/07/28<sup>†††</sup> |  | 863185 | 829417 |
| Nassau LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.98% due 08/15/34<sup>4</sup> |  | 752963 | 716237 |
| Aesf Vi Verdi, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;2.15% (3 Month EURIBOR + 2.15%, Rate Floor: 2.15%) due 11/25/24<sup>◊,†††</sup> | EUR | 393590 | 421538 |
| **Total Financial** |  |  | 24513185 |
| **Transport-Aircraft - 2.0%** |  |  |  |
| AASET Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.95% due 11/16/41<sup>4</sup> |  | 3903681 | 3117990 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.35% due 01/16/40<sup>4</sup> |  | 996350 | 798108 |
| &nbsp;&nbsp;&nbsp;2017-1A, 3.97% due 05/16/42<sup>4</sup> |  | 238817 | 185204 |
| Castlelake Aircraft Structured Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.47% due 01/15/46<sup>4</sup> |  | 3714242 | 3120112 |
| Navigator Aircraft ABS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.77% due 11/15/46<sup>4</sup> |  | 2776786 | 2332366 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5% (continued)** | | |
| **Transport-Aircraft - 2.0% (continued)** |  |  |
| AASET US Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A, 4.45% due 11/18/38<sup>4</sup> | 2531656 | $2007175 |
| Sprite Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.75% due 11/15/46<sup>4</sup> | 2028420 | 1755976 |
| Lunar Structured Aircraft Portfolio Notes |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.64% due 10/15/46<sup>4</sup> | 2185568 | 1751865 |
| MACH 1 Cayman Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.47% due 10/15/39<sup>4</sup> | 2069463 | 1671754 |
| Falcon Aerospace Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/39<sup>4</sup> | 1408635 | 1140603 |
| &nbsp;&nbsp;&nbsp;2017-1, 4.58% due 02/15/42<sup>4</sup> | 281757 | 255561 |
| Sapphire Aviation Finance II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.23% due 03/15/40<sup>4</sup> | 1754582 | 1326671 |
| MAPS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.21% due 05/15/43<sup>4</sup> | 1374458 | 1226820 |
| Sapphire Aviation Finance I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.25% due 03/15/40<sup>4</sup> | 1341299 | 1039547 |
| Raspro Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-1A, 5.17% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/24<sup>◊,4</sup> | 984943 | 972478 |
| WAVE LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/44<sup>4</sup> | 810497 | 613186 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.13% due 06/15/43<sup>4</sup> | 627798 | 550257 |
| **Total Transport-Aircraft** |  | 23865673 |
| **Net Lease - 1.5%** |  |  |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 6.11% due 08/15/62<sup>4</sup> | 2713548 | 2548284 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.28% due 07/15/60<sup>4</sup> | 681226 | 594558 |
| CARS-DB4, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.81% due 02/15/50<sup>4</sup> | 2232656 | 1829208 |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.95% due 02/15/50<sup>4</sup> | 1500000 | 1200397 |
| CMFT Net Lease Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.44% due 07/20/51<sup>4</sup> | 3570000 | 2790286 |
| STORE Master Funding I-VII |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 3.96% due 10/20/46<sup>4</sup> | 2549985 | 2359006 |
| Oak Street Investment Grade Net Lease Fund Series |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.26% due 11/20/50<sup>4</sup> | 2500000 | 2196324 |
| CF Hippolyta LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.60% due 07/15/60<sup>4</sup> | 2504188 | 1974192 |
| Capital Automotive REIT |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.48% due 02/15/50<sup>4</sup> | 1240365 | 1080675 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.76% due 08/15/51<sup>4</sup> | 998542 | 739474 |
| **Total Net Lease** |  | 17312404 |
| **Collateralized Debt Obligations - 0.7%** |  |  |
| Anchorage Credit Funding 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A AR, 2.72% due 04/27/39<sup>4</sup> | 7250000 | 6180260 |
| Anchorage Credit Funding 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A1R, 2.87% due 01/28/39<sup>4</sup> | 2664963 | 2329813 |
| **Total Collateralized Debt Obligations** |  | 8510073 |
| **Transport-Container - 0.5%** |  |  |
| Textainer Marine Containers VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.73% due 08/21/45<sup>4</sup> | 3462087 | 3134606 |
| MC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.63% due 11/05/35<sup>4</sup> | 3600000 | 3129334 |
| **Total Transport-Container** |  | 6263940 |
| **Single Family Residence - 0.3%** |  |  |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>4</sup> | 1400000 | 1228861 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>4</sup> | 1350000 | 1198085 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>4</sup> | 900000 | 779838 |
| Home Partners of America Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-3, 2.80% due 01/17/41<sup>4</sup> | 934639 | 774470 |
| **Total Single Family Residence** |  | 3981254 |
| **Infrastructure - 0.2%** |  |  |
| VB-S1 Issuer LLC - VBTEL |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 4.29% due 02/15/52<sup>4</sup> | 2500000 | 2193782 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 28.5% (continued)** | | |
| **Infrastructure - 0.2% (continued)** |  |  |
| SBA Tower Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.56% due 01/15/28<sup>4</sup> | 239000 | $239374 |
| **Total Infrastructure** |  | 2433156 |
| **Total Asset-Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $363,790,403) |  | 337575411 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.4%** |  |  |
| **Government Agency - 10.2%** |  |  |
| Uniform MBS 30 Year due 02/01/23<sup>14</sup> | 76466000 | 71677393 |
| Fannie Mae |  |  |
| &nbsp;&nbsp;&nbsp;2.81% due 05/01/51 | 8250000 | 5866731 |
| &nbsp;&nbsp;&nbsp;2.17% due 03/01/51 | 8347000 | 5628799 |
| &nbsp;&nbsp;&nbsp;2.24% due 01/01/51 | 5762425 | 4087780 |
| &nbsp;&nbsp;&nbsp;2.00% due 09/01/50 | 4936292 | 3386455 |
| &nbsp;&nbsp;&nbsp;2.36% due 08/01/50 | 4500000 | 3106870 |
| &nbsp;&nbsp;&nbsp;2.78% due 05/01/51 | 2685607 | 2013834 |
| &nbsp;&nbsp;&nbsp;2.59% due 06/01/51 | 2434346 | 1792593 |
| &nbsp;&nbsp;&nbsp;2.32% due 02/01/51 | 2036283 | 1439474 |
| &nbsp;&nbsp;&nbsp;2.40% due 03/01/40 | 2000000 | 1430544 |
| &nbsp;&nbsp;&nbsp;2.11% due 10/01/50 | 1823481 | 1269843 |
| &nbsp;&nbsp;&nbsp;2.27% due 02/01/51 | 1696115 | 1191287 |
| &nbsp;&nbsp;&nbsp;2.39% due 02/01/51 | 1412137 | 1009851 |
| &nbsp;&nbsp;&nbsp;4.24% due 08/01/48 | 1000000 | 908916 |
| &nbsp;&nbsp;&nbsp;2.58% due 10/01/51 | 1178702 | 852963 |
| &nbsp;&nbsp;&nbsp;3.83% due 05/01/49 | 1000000 | 846440 |
| &nbsp;&nbsp;&nbsp;3.46% due 08/01/49 | 945655 | 793241 |
| &nbsp;&nbsp;&nbsp;2.99% due 01/01/40 | 1000000 | 781511 |
| &nbsp;&nbsp;&nbsp;2.68% due 04/01/50 | 948596 | 721823 |
| &nbsp;&nbsp;&nbsp;4.07% due 05/01/49 | 760607 | 680951 |
| &nbsp;&nbsp;&nbsp;1.76% due 08/01/40 | 1000000 | 670132 |
| &nbsp;&nbsp;&nbsp;2.27% due 10/01/41 | 1000000 | 667252 |
| &nbsp;&nbsp;&nbsp;2.10% due 07/01/50 | 953739 | 666806 |
| &nbsp;&nbsp;&nbsp;4.37% due 10/01/48 | 708536 | 660626 |
| &nbsp;&nbsp;&nbsp; due 12/25/43<sup>10,12</sup> | 792932 | 598973 |
| &nbsp;&nbsp;&nbsp;4.25% due 05/01/48 | 624187 | 572017 |
| Freddie Mac Seasoned Credit Risk Transfer Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.00% due 05/25/60 | 3427743 | 2833777 |
| &nbsp;&nbsp;&nbsp;2.00% due 11/25/59 | 1305386 | 1074531 |
| Fannie Mae-Aces |  |  |
| &nbsp;&nbsp;&nbsp;1.47% (WAC) due 03/25/35<sup>◊,8</sup> | 18369268 | 1916492 |
| Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;1.98% due 05/01/50 | 1354768 | 898372 |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/46 | 114749 | 112851 |
| FARM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.18% (WAC) due 01/25/51<sup>◊,4</sup> | 893144 | 738061 |
| **Total Government Agency** |  | 120897189 |
| **Commercial Mortgage-Backed Securities - 3.5%** |  |  |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-NYAH, 6.16% (1 Month USD LIBOR + 1.84%, Rate Floor: 1.84%) due 06/15/38<sup>◊,4</sup> | 4000000 | 3789194 |
| &nbsp;&nbsp;&nbsp;2016-JP3, 3.40% (WAC) due 08/15/49<sup>◊</sup> | 4000000 | 3303753 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-GSA2, 2.34% due 12/12/53 | 8000000 | 5559443 |
| &nbsp;&nbsp;&nbsp;2020-GC45, 0.67% (WAC) due 02/13/53<sup>◊,8</sup> | 18891334 | 614624 |
| &nbsp;&nbsp;&nbsp;2019-GC42, 0.81% (WAC) due 09/01/52<sup>◊,8</sup> | 14870998 | 575988 |
| DBGS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-C1, 4.63% (WAC) due 10/15/51<sup>◊</sup> | 7000000 | 6162672 |
| CD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-CD4, 3.95% (WAC) due 05/10/50<sup>◊</sup> | 4750000 | 4108478 |
| &nbsp;&nbsp;&nbsp;2016-CD1, 1.37% (WAC) due 08/10/49<sup>◊,8</sup> | 2118839 | 75310 |
| KKR Industrial Portfolio Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-KDIP, 5.57% (1 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 12/15/37<sup>◊,4</sup> | 3450000 | 3249718 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 6.32% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 09/15/36<sup>◊,4</sup> | 3450000 | 3208391 |
| Life Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-BMR, 5.72% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 03/15/38<sup>◊,4</sup> | 1965940 | 1862335 |
| SMRT |  |  |
| &nbsp;&nbsp;&nbsp;2022-MINI, 6.29% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 01/15/39<sup>◊,4</sup> | 2000000 | 1859679 |
| GS Mortgage Securities Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-DUNE, 5.67% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 12/15/36<sup>◊,4</sup> | 1000000 | 968015 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.4% (continued)** | | |
| **Commercial Mortgage-Backed Securities - 3.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2020-UPTN, 3.25% (WAC) due 02/10/37<sup>◊,4</sup> | 1000000 | $875535 |
| BENCHMARK Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-B14, 0.78% (WAC) due 12/15/62<sup>◊,8</sup> | 19746030 | 626984 |
| &nbsp;&nbsp;&nbsp;2018-B6, 0.41% (WAC) due 10/10/51<sup>◊,8</sup> | 29315086 | 427819 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-ESH, 6.57% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 07/15/38<sup>◊,4</sup> | 1073811 | 1028019 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-GC43, 0.62% (WAC) due 11/10/52<sup>◊,8</sup> | 19877203 | 631177 |
| &nbsp;&nbsp;&nbsp;2016-GC37, 1.65% (WAC) due 04/10/49<sup>◊,8</sup> | 2858644 | 116292 |
| &nbsp;&nbsp;&nbsp;2016-C2, 1.73% (WAC) due 08/10/49<sup>◊,8</sup> | 2347432 | 107508 |
| &nbsp;&nbsp;&nbsp;2016-P5, 1.38% (WAC) due 10/10/49<sup>◊,8</sup> | 1582227 | 62095 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-CR24, 0.69% (WAC) due 08/10/48<sup>◊,8</sup> | 38111093 | 540755 |
| &nbsp;&nbsp;&nbsp;2015-CR26, 0.90% (WAC) due 10/10/48<sup>◊,8</sup> | 8340995 | 160684 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-C15, 1.03% (WAC) due 03/15/52<sup>◊,8</sup> | 12119657 | 522243 |
| SG Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C5, 1.88% (WAC) due 10/10/48<sup>◊,8</sup> | 8068280 | 360046 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C2, 1.08% (WAC) due 08/15/50<sup>◊,8</sup> | 8089642 | 300608 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-UB11, 1.44% (WAC) due 08/15/49<sup>◊,8</sup> | 5902608 | 239955 |
| JPMDB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C2, 1.49% (WAC) due 06/15/49<sup>◊,8</sup> | 6420750 | 237339 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-NXS5, 1.42% (WAC) due 01/15/59<sup>◊,8</sup> | 3591815 | 115370 |
| &nbsp;&nbsp;&nbsp;2016-C37, 0.81% (WAC) due 12/15/49<sup>◊,8</sup> | 2700648 | 61310 |
| CFCRE Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C3, 0.98% (WAC) due 01/10/48<sup>◊,8</sup> | 5363886 | 130670 |
| **Total Commercial Mortgage-Backed Securities** |  | 41882009 |
| **Residential Mortgage-Backed Securities - 2.5%** |  |  |
| Mill City Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-NMR1, 2.50% (WAC) due 11/25/60<sup>◊,4</sup> | 4800000 | 3880054 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM3, 4.35% (WAC) due 04/25/67<sup>◊,4</sup> | 3339314 | 3084764 |
| Nationstar Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-C, 4.56% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 06/25/37<sup>◊</sup> | 3070069 | 2982433 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊</sup> | 2964402 | 2679980 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2, 2.38% (WAC) due 08/25/66<sup>◊,4</sup> | 4000000 | 2196182 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL2, 2.93% (WAC) due 10/25/51<sup>◊,4</sup> | 2472000 | 2132621 |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.02% (WAC) due 03/25/67<sup>◊,4</sup> | 936505 | 839912 |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.20% (WAC) due 03/25/67<sup>◊,4</sup> | 936505 | 830377 |
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.41% (WAC) due 02/25/50<sup>◊,4</sup> | 862887 | 824291 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.56% (WAC) due 02/25/50<sup>◊,4</sup> | 862887 | 820367 |
| SPS Servicer Advance Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-T2, 1.83% due 11/15/55<sup>4</sup> | 1250000 | 1132748 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-RPL9, 3.85% (WAC) due 09/25/57<sup>◊,4</sup> | 893497 | 856968 |
| &nbsp;&nbsp;&nbsp;2020-NQM1, 1.72% due 05/25/65<sup>4,11</sup> | 242907 | 216252 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-HE1, 5.43% (30 Day Average SOFR + 1.50%, Rate Floor: 0.00%) due 01/25/70<sup>◊,4</sup> | 1000000 | 964230 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.4% (continued)** | | |
| **Residential Mortgage-Backed Securities - 2.5% (continued)** |  |  |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM8, 6.10% due 09/25/62<sup>4,11</sup> | 975341 | $957117 |
| American Home Mortgage Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-1, 2.08% due 05/25/47<sup>8</sup> | 6296071 | 741938 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM9, 6.45% due 09/25/62<sup>4,11</sup> | 643772 | 640626 |
| Securitized Asset-Backed Receivables LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE2, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 07/25/36<sup>◊</sup> | 1447469 | 594908 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-4, 2.85% due 11/25/59<sup>4,11</sup> | 618716 | 586901 |
| MFRA Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-INV1, 2.29% (WAC) due 01/25/56<sup>◊,4</sup> | 700000 | 498392 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-6A, 3.50% (WAC) due 09/25/59<sup>◊,4</sup> | 498145 | 458315 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.77% (WAC) due 12/25/59<sup>◊,4</sup> | 380916 | 348712 |
| RALI Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-QO2, 4.83% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/46<sup>◊</sup> | 1487218 | 315087 |
| MASTR Adjustable Rate Mortgages Trust |  |  |
| &nbsp;&nbsp;&nbsp;2003-5, 2.02% (WAC) due 11/25/33<sup>◊</sup> | 247033 | 212357 |
| Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-AR9, 2.89% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46<sup>◊</sup> | 249379 | 196882 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-NQM1, 1.79% (WAC) due 09/27/60<sup>◊,4</sup> | 227403 | 196131 |
| Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.68% (WAC) due 01/26/60<sup>◊,4</sup> | 184459 | 176222 |
| UCFC Manufactured Housing Contract |  |  |
| &nbsp;&nbsp;&nbsp;1997-2, 7.38% due 10/15/28 | 38841 | 38335 |
| **Total Residential Mortgage-Backed Securities** |  | 29403102 |
| **Military Housing - 1.2%** |  |  |
| Freddie Mac Military Housing Bonds Resecuritization Trust Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2015-R1, 4.49% (WAC) due 11/25/55<sup>◊,4</sup> | 6918550 | 6221980 |
| &nbsp;&nbsp;&nbsp;2015-R1, 4.44% (WAC) due 11/25/52<sup>◊,4</sup> | 2819964 | 2540398 |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 11/25/55<sup>◊,4,8</sup> | 10125825 | 654205 |
| Capmark Military Housing Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-RILY, 6.15% due 07/10/51<sup>†††,4</sup> | 2266866 | 2133416 |
| &nbsp;&nbsp;&nbsp;2007-ROBS, 6.06% due 10/10/52<sup>†††,4</sup> | 455245 | 427321 |
| &nbsp;&nbsp;&nbsp;2007-AETC, 5.75% due 02/10/52<sup>†††,4</sup> | 268110 | 253916 |
| GMAC Commercial Mortgage Asset Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2007-HCKM, 6.11% due 08/10/52<sup>†††,4</sup> | 1431466 | 1417051 |
| **Total Military Housing** |  | 13648287 |
| **Total Collateralized Mortgage Obligations** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $243,131,773) |  | 205830587 |
| **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 10.8%** |  |  |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 11/15/32 | 46978000 | 47939581 |
| &nbsp;&nbsp;&nbsp;2.63% due 05/31/27<sup>2</sup> | 15580000 | 14685976 |
| &nbsp;&nbsp;&nbsp;3.88% due 11/30/27 | 11200000 | 11138750 |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 02/15/52<sup>10,12</sup> | 29980000 | 9635856 |
| &nbsp;&nbsp;&nbsp; due 02/15/46<sup>10,12</sup> | 22605000 | 8672648 |
| &nbsp;&nbsp;&nbsp; due 05/15/44<sup>10,12</sup> | 19265000 | 7907148 |
| &nbsp;&nbsp;&nbsp; due 11/15/44<sup>2,10,12</sup> | 4520000 | 1807469 |
| U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 08/15/52 | 16000000 | 13182500 |
| &nbsp;&nbsp;&nbsp;2.88% due 05/15/52 | 10000000 | 8012500 |
| &nbsp;&nbsp;&nbsp;1.88% due 11/15/51 | 8000000 | 5066875 |
| **Total U.S. Government Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $140,879,922) |  | 128049303 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 2.1%** | | | |
| **Industrial - 0.9%** |  |  |  |
| Mileage Plus Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.00% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27 |  | 7605000 | $7812237 |
| SkyMiles IP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.99% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 10/20/27 |  | 1700000 | 1730600 |
| Air Canada |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 08/11/28 |  | 850314 | 838622 |
| Service Logic Acquisition, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.41% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/29/27 |  | 303873 | 287160 |
| **Total Industrial** |  |  | 10668619 |
| **Technology - 0.4%** |  |  |  |
| Datix Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.69% (6 Month GBP SONIA + 4.50%, Rate Floor: 5.19%) due 04/28/25<sup>†††</sup> | GBP | &nbsp;&nbsp;&nbsp;&nbsp;2900000 | 3424117 |
| RLDatix |  |  |  |
| &nbsp;&nbsp;&nbsp;8.95% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/27/25<sup>†††</sup> |  | 1252544 | 1223360 |
| **Total Technology** |  |  | 4647477 |
| **Consumer, Cyclical - 0.3%** |  |  |  |
| Amaya Holdings BV |  |  |  |
| &nbsp;&nbsp;&nbsp;4.70% (3 Month EURIBOR + 2.50%, Rate Floor: 2.50%) due 07/21/26 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;4000000 | 4147499 |
| **Consumer, Non-cyclical - 0.2%** |  |  |  |
| Southern Veterinary Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27 |  | 1236956 | 1182320 |
| HAH Group Holding Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.43% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/29/27 |  | 631184 | 600413 |
| **Total Consumer, Non-cyclical** |  |  | 1782733 |
| **Financial - 0.1%** |  |  |  |
| Nexus Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26 |  | 599397 | 573066 |
| Cross Financial Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.44% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 09/15/27 |  | 562002 | 551700 |
| **Total Financial** |  |  | 1124766 |
| **Utilities - 0.1%** |  |  |  |
| Hamilton Projects Acquiror LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.23% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 06/17/27 |  | 979456 | 962727 |
| **Energy - 0.1%** |  |  |  |
| Venture Global Calcasieu Pass LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.01% (1 Month USD LIBOR + 2.63%, Rate Floor: 2.63%) due 08/19/26<sup>†††</sup> |  | 841798 | 843902 |
| **Communications - 0.0%** |  |  |  |
| Radiate Holdco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/25/26 |  | 162739 | 131599 |
| **Total Senior Floating Rate Interests** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $25,581,917) |  |  | 24309322 |
| **FEDERAL AGENCY BONDS<sup>††</sup> - 1.4%** |  |  |  |
| Tennessee Valley Authority Principal Strips |  |  |  |
| &nbsp;&nbsp;&nbsp; due 06/15/38<sup>10,12</sup> |  | 9400000 | 4262655 |
| &nbsp;&nbsp;&nbsp; due 01/15/48<sup>10,12</sup> |  | 9700000 | 2602908 |
| &nbsp;&nbsp;&nbsp; due 01/15/<sup>10,12</sup> |  | 4000000 | 1863892 |
| &nbsp;&nbsp;&nbsp; due 06/15/35<sup>10,12</sup> |  | 1583000 | 869743 |
| &nbsp;&nbsp;&nbsp; due 12/15/42<sup>10,12</sup> |  | 1600000 | 567393 |
| Federal Farm Credit Bank |  |  |  |
| &nbsp;&nbsp;&nbsp;3.51% due 06/11/40 |  | 3300000 | 2742838 |
| &nbsp;&nbsp;&nbsp;2.70% due 01/30/45 |  | 1053000 | 728709 |
| Tennessee Valley Authority |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 09/15/65 |  | 2450000 | 2109908 |
| &nbsp;&nbsp;&nbsp;5.38% due 04/01/56 |  | 600000 | 631745 |
| U.S. International Development Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp; due 01/17/26<sup>12</sup> |  | 800000 | 789905 |
| **Total Federal Agency Bonds** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $25,538,160) |  |  | 17169696 |
| **MUNICIPAL BONDS<sup>††</sup> - 1.1%** |  |  |  |
| **Texas - 0.3%** |  |  |  |
| Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;3.29% due 09/01/40 |  | 2100000 | 1582643 |
| &nbsp;&nbsp;&nbsp;2.78% due 09/01/34 |  | 700000 | 542585 |
| &nbsp;&nbsp;&nbsp;2.69% due 09/01/33 |  | 500000 | 391969 |
| &nbsp;&nbsp;&nbsp;2.57% due 09/01/32 |  | 475000 | 376285 |
| &nbsp;&nbsp;&nbsp;2.41% due 09/01/31 |  | 450000 | 360001 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 1.1% (continued)** | | |
| **Texas - 0.3% (continued)** |  |  |
| Grand Parkway Transportation Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.31% due 10/01/49 | 1500000 | $1043635 |
| Dallas/Fort Worth International Airport Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.92% due 11/01/50 | 1000000 | 699937 |
| **Total Texas** |  | 4997055 |
| **New York - 0.3%** |  |  |
| Westchester County Local Development Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.85% due 11/01/50 | 2700000 | 1863077 |
| Port Authority of New York & New Jersey Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.14% due 02/15/51 | 1370000 | 969290 |
| **Total New York** |  | 2832367 |
| **California - 0.2%** |  |  |
| California Statewide Communities Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;7.14% due 08/15/47 | 1200000 | 1270174 |
| &nbsp;&nbsp;&nbsp;2.68% due 02/01/39 | 1200000 | 819201 |
| **Total California** |  | 2089375 |
| **Idaho - 0.1%** |  |  |
| Boise State University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.06% due 04/01/40 | 1150000 | 833480 |
| **Mississippi - 0.1%** |  |  |
| Medical Center Educational Building Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.92% due 06/01/41 | 1000000 | 703253 |
| **Ohio - 0.1%** |  |  |
| County of Franklin Ohio Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 11/01/50 | 1000000 | 602556 |
| **Alabama - 0.0%** |  |  |
| Auburn University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.68% due 06/01/50 | 1000000 | 594249 |
| **Illinois - 0.0%** |  |  |
| State of Illinois General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.65% due 12/01/38 | 444444 | 435282 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $17,898,423) |  | 13087617 |
| **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** |  |  |
| Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 01/19/63 | 2600000 | 1830677 |
| &nbsp;&nbsp;&nbsp;4.50% due 04/16/50 | 1450000 | 1093060 |
| Bermuda Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/20/50<sup>4</sup> | 500000 | 353680 |
| **Total Foreign Government Debt** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,706,735) |  | 3277417 |
| **SENIOR FIXED RATE INTERESTS<sup>†††</sup> - 0.2%** |  |  |
| **Industrial - 0.2%** |  |  |
| CTL Logistics |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 10/10/42 | 3618171 | 2771374 |
| **Total Senior Fixed Rate Interests** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,618,171) |  | 2771374 |
| **COMMERCIAL PAPER<sup>††</sup> - 1.4%** |  |  |
| McCormick & Co, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/03/23<sup>4,13</sup> | 13100000 | 13096907 |
| Dollar General Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.45% due 01/03/23<sup>4,13</sup> | 2530000 | 2529374 |
| Avangrid, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.33% due 01/19/23<sup>4,13</sup> | 1212000 | 1209243 |
| **Total Commercial Paper** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $16,835,524) |  | 16835524 |
|  | **Notional Value** |  |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** |  |  |
| **Call Options on:** |  |  |
| **Interest Rate Options** |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP <br> Expiring June 2024 with strike price of $0.10 | USD 34,200,000 | 144941 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD 33,900,000 | 143670 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc 10Y-2Y SOFR CMS CAP<br> Expiring December 2023 with strike price of $0.20 | USD 34,250,000 | 127631 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring December 2023 with strike price of $0.10 | USD 34,200,000 | 127444 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD 17,150,000 | 72682 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 10Y-2Y SOFR CMS CAP<br> Expiring December 2023 with strike price of $0.20 | USD 16,800,000 | 71199 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD 13,950,000 | 59121 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International 10Y-2Y SOFR CMS CAP<br> Expiring December 2023 with strike price of $0.20 | USD 13,950,000 | 51984 |
| **Total Interest Rate Options** |  | 798672 |
| **Total OTC Options Purchased** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $846,473) |  | 798672 |
| **Total Investments - 106.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,469,015,999) |  | $1255384972 |
| **Other Assets & Liabilities, net - (6.0)%** |  | (71346066) |
| **Total Net Assets - 100.0%** |  | $1184038906 |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | | | |
| **Description** | **Number of Contracts** | <br>**Expiration Date** |<br>**Notional Amount** |<br>**Value and Unrealized**<br> **Depreciation<sup>\*\*</sup>** |
| **Interest Rate Futures Contracts Purchased<sup>†</sup>** |  |  |  |  |
| 3-Month SOFR Futures Contracts | 306 | Mar 2024 | $73015425 | $(194863) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | | | |
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | <br>**Value** | <br>**Upfront Premiums Paid** | <br>**Unrealized Depreciation<sup>\*\*</sup>** |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 2.78% | Annually | 07/18/27 | $110800000 | $(4647157) | $697 | $(4647854) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** |
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | **Settlement Date** | **Unrealized<br> Appreciation (Depreciation)** |
| Barclays Bank plc | GBP | Sell | 2867000 | 3,552,958 USD | 01/17/23 | $85732 |
| Barclays Bank plc | EUR | Sell | 400000 | 427,823 USD | 03/31/23 | (3177) |
| Barclays Bank plc | EUR | Sell | 9354000 | 9,964,452 USD | 01/17/23 | (63373) |
|  |  |  |  |  |  | $19182 |

---

---

| | |
|:---|:---|
| *<sup>~</sup>* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *<sup>1</sup>* | *Special Purpose Acquisition Company (SPAC).* |
| *<sup>2</sup>* | *All or a portion of this security is pledged as interest rate swap collateral at December 31, 2022.* |
| *<sup>3</sup>* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *<sup>4</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $562,772,552 (cost $643,022,905), or 47.5% of total net assets.* |
| *<sup>5</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>6</sup>* | *Perpetual maturity.* |
| *<sup>7</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $806,632 (cost $917,008), or 0.1% of total net assets — See Note 6.* |
| *<sup>8</sup>* | *Security is an interest-only strip.* |
| *<sup>9</sup>* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |
| *<sup>10</sup>* | *Security is a principal-only strip.* |
| *<sup>11</sup>* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2022. See table below for additional step information for each security.* |
| *<sup>12</sup>* | *Zero coupon rate security.* |
| *<sup>13</sup>* | *Rate indicated is the effective yield at the time of purchase.* |
| *<sup>14</sup>* | *Security is unsettled at period end and does not have a stated effective rate.* |

---

---

| |
|:---|
| *BofA — Bank of America* |
| *CME — Chicago Mercantile Exchange* |
| *CMT — Constant Maturity Treasury* |
| *EUR — Euro* |
| *EURIBOR — European Interbank Offered Rate* |

---

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| |
|:---|
| *GBP — British Pound* |
| *LIBOR — London Interbank Offered Rate* |
| *plc — Public Limited Company* |
| *REIT — Real Estate Investment Trust* |
| *SARL — Société à Responsabilité Limitée* |
| *SOFR — Secured Overnight Financing Rate* |
| *WAC — Weighted Average Coupon* |
| *See Sector Classification in Other Information section.* |

---

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 <br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $2694887 | $— | $62 | $2694949 |
| Preferred Stocks |  | 58663332 | — \* | 58663332 |
| Warrants | 6092 | 377 | 7 | 6476 |
| Money Market Funds | 29349624 |  |  | 29349624 |
| Corporate Bonds |  | 399007996 | 15957672 | 414965668 |
| Asset-Backed Securities |  | 309339293 | 28236118 | 337575411 |
| Collateralized Mortgage Obligations |  | 201598883 | 4231704 | 205830587 |
| U.S. Government Securities |  | 128049303 |  | 128049303 |
| Senior Floating Rate Interests |  | 18817943 | 5491379 | 24309322 |
| Federal Agency Bonds |  | 17169696 |  | 17169696 |
| Municipal Bonds |  | 13087617 |  | 13087617 |
| Foreign Government Debt |  | 3277417 |  | 3277417 |
| Senior Fixed Rate Interests |  |  | 2771374 | 2771374 |
| Commercial Paper |  | 16835524 |  | 16835524 |
| Options Purchased |  | 798672 |  | 798672 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 85732 |  | 85732 |
| Total Assets | $32050603 | $1166731785 | $56688316 | $1255470704 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Interest Rate Futures Contracts\*\* | $194863 | $— | $— | $194863 |
| Interest Rate Swap Agreements\*\* |  | 4647854 |  | 4647854 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 66550 |  | 66550 |
| Total Liabilities | $194863 | $4714404 | $— | $4909267 |

---

*\** *Security has a market value of $0.*

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at December 31, 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $12566678 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Asset-Backed Securities | 7669765 | Yield Analysis | Yield | 6.0%-6.8% | 6.5% |
| Asset-Backed Securities | 4250873 | Third Party Pricing | Broker Quote |  |  |
| Asset-Backed Securities | 3748528 | Third Party Pricing | Vendor Price |  |  |
| Asset-Backed Securities | 274 | Model Price | Purchase Price |  |  |
| Collateralized Mortgage Obligations | 4231704 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Common Stocks | 62 | Model Price | Liquidation Value |  |  |
| Corporate Bonds | 9515207 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | 3303125 | Third Party Pricing | Vendor Price |  |  |
| Corporate Bonds | 3139340 | Yield Analysis | Yield | 6.1% |  |
| Senior Fixed Rate Interests | 2771374 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Senior Floating Rate Interests | 4647477 | Yield Analysis | Yield | 10.2% |  |
| Senior Floating Rate Interests | 843902 | Third Party Pricing | Vendor Price |  |  |
| Warrants | 7 | Model Price | Liquidation Value |  |  |
| Total Assets | $56688316 |  |  |  |  |

---

*\** *Inputs are weighted by the fair value of the instruments.*

Significant changes in a quote, yield or liquidation value would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had no securities transfer into Level 3 from Level 2 or out of Level 3 into Level 2.

---

| | |
|:---|:---|
| **Core Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | | **Liabilities** |
| | **Asset-Backed Securities** | **Collateralized Mortgage Obligations** | **Corporate Bonds** | **Senior Floating Rate Interests** | **Warrants** | **Common Stocks** | **Senior Fixed Rate Interests** |<br>**Total Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $24147212 | $4110384 | $24819063 | $5218034 | $7 | $62 | $2788277 | $61083039 | $(84249) |
| Purchases/(Receipts) | 4994690 |  |  |  |  |  |  | 4994690 |  |
| (Sales, maturities and paydowns)/Fundings | (939006) | (6310) | (9175305) |  |  |  | (21298) | (10141919) | 110 |
| Amortization of premiums/discounts | 15399 | (2591) | 497 | 12240 |  |  |  | 25545 |  |
| Total realized gains (losses) included in earnings | (31991) |  | (1525822) |  |  |  |  | (1557813) |  |
| Total change in unrealized appreciation (depreciation) included in earnings | 49814 | 130221 | 1839239 | 261105 |  |  | 4395 | 2284774 | 84139 |
| Transfers into Level 3 |  |  |  |  |  |  |  |  |  |
| Transfers out of Level 3 | - | - | - | - | - | - | - | - | - |
| Ending Balance | $28236118 | $4231704 | $15957672 | $5491379 | $7 | $62 | $2771374 | $56688316 | $- |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2022 | $49814 | $130221 | $145214 | $252996 | $- | $- | $4395 | $582640 | $- |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

---

| | | |
|:---|:---|:---|
| **Name** | **Coupon Rate at Next Reset Date** | **Next Rate Reset Date** |
| CSMC Trust 2020-NQM1, 1.72% due 05/25/65 | 2.72% | 09/26/24 |
| OBX Trust 2022-NQM8, 6.10% due 09/25/62 | 7.10% | 10/01/26 |
| OBX Trust 2022-NQM9, 6.45% due 09/25/62 | 7.45% | 11/01/26 |
| Verus Securitization Trust 2019-4, 2.85% due 11/25/59 | 3.85% | 10/26/23 |

---

---

| | |
|:---|:---|
| **Diversified Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **MUTUAL FUNDS<sup>†</sup> - 89.3%** | | |
| Guggenheim High Yield Fund — R6-Class<sup>1</sup> | 204791 | $1908649 |
| Guggenheim RBP Large-Cap Market Fund — Institutional Class<sup>1,\*</sup> | 153543 | 1506254 |
| Guggenheim Floating Rate Strategies Fund — R6-Class<sup>1</sup> | 32560 | 771670 |
| Guggenheim RBP Dividend Fund — Institutional Class<sup>1</sup> | 66619 | 765453 |
| Guggenheim Core Bond Fund — Institutional Class<sup>1</sup> | 46960 | 749958 |
| Guggenheim World Equity Income Fund — Institutional Class<sup>1</sup> | 27936 | 386633 |
| Guggenheim Ultra Short Duration Fund — Institutional Class<sup>1</sup> | 38747 | 373521 |
| Guggenheim Risk Managed Real Estate Fund — Institutional Class<sup>1</sup> | 12632 | 372781 |
| **Total Mutual Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $7,656,297) |  | 6834919 |
| **CLOSED-END FUNDS**<sup>†</sup> **- 8.9%** |  |  |
| ClearBridge MLP & Midstream Total Return Fund, Inc. | 800 | 22616 |
| First Trust Energy Income and Growth Fund | 1500 | 21285 |
| PIMCO Corporate & Income Strategy Fund | 1700 | 20145 |
| Neuberger Berman High Yield Strategies Fund, Inc. | 2317 | 19741 |
| BlackRock Enhanced Equity Dividend Trust | 2100 | 18921 |
| John Hancock Premium Dividend Fund | 1450 | 18763 |
| Voya Global Equity Dividend and Premium Opportunity Fund | 3400 | 18394 |
| Western Asset High Income Fund II, Inc. | 3798 | 18382 |
| BlackRock Limited Duration Income Trust | 1400 | 18298 |
| Eaton Vance Tax-Advantaged Dividend Income Fund | 797 | 18172 |
| BlackRock Floating Rate Income Strategies Fund, Inc. | 1600 | 18016 |
| Delaware Ivy High Income Opportunities Fund | 1600 | 17536 |
| BlackRock Floating Rate Income Trust | 1600 | 17504 |
| Voya Infrastructure Industrials and Materials Fund | 1850 | 16965 |
| John Hancock Preferred Income Fund | 1050 | 16852 |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 1370 | 16824 |
| Calamos Convertible Opportunities and Income Fund | 1594 | 16753 |
| Cohen & Steers REIT and Preferred and Income Fund, Inc. | 815 | 16610 |
| PIMCO High Income Fund | 3500 | 16555 |
| Western Asset Premier Bond Fund | 1550 | 16492 |
| Eaton Vance Tax-Managed Buy-Write Income Fund | 1250 | 16437 |
| Blackstone Strategic Credit Fund | 1550 | 16399 |
| Invesco High Income Trust II | 1525 | 15646 |
| PIMCO Dynamic Income Fund | 845 | 15616 |
| Reaves Utility Income Fund | 550 | 15548 |
| DoubleLine Income Solutions Fund | 1400 | 15526 |
| Eaton Vance Limited Duration Income Fund | 1650 | 15494 |
| John Hancock Income Securities Trust | 1450 | 15442 |
| PGIM High Yield Bond Fund, Inc. | 1300 | 15431 |
| Western Asset Global Corporate Defined Opportunity Fund, Inc. | 1200 | 15324 |
| Pioneer High Income Fund, Inc. | 2350 | 15275 |
| Royce Value Trust, Inc. | 1150 | 15249 |
| BlackRock Credit Allocation Income Trust | 1500 | 15150 |
| Western Asset Emerging Markets Debt Fund, Inc. | 1650 | 15032 |
| Eaton Vance Enhanced Equity Income Fund II | 908 | 15027 |
| KKR Income Opportunities Fund | 1350 | 14864 |
| John Hancock Investors Trust | 1178 | 14772 |
| PIMCO Dynamic Income Opportunities Fund | 1150 | 14685 |
| Virtus Diversified Income & Co. | 779 | 14458 |
| Apollo Senior Floating Rate Fund, Inc. | 1100 | 13574 |
| Western Asset Mortgage Opportunity Fund, Inc. | 1250 | 13463 |
| **Total Closed-End Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $778,715) |  | 683236 |
| **MONEY MARKET FUND<sup>†</sup> - 1.1%** |  |  |
| Goldman Sachs Financial Square Treasury Instruments Fund — Institutional Shares, 3.93%<sup>2</sup> | 82813 | 82813 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $82,813) |  | 82813 |
| **Total Investments - 99.3%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,517,825) |  | $7600968 |
| **Other Assets & Liabilities, net - 0.7%** |  | 52192 |
| **Total Net Assets - 100.0%** |  | $7653160 |

---

*\** *Non-income producing security.*

*<sup>†</sup>* *Value determined based on Level 1 inputs — See Note 3.*

---

| | |
|:---|:---|
| **Diversified Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

*<sup>1</sup>* *Affiliated issuer.* <br> *<sup>2</sup>* *Rate indicated is the 7-day yield as of December 31, 2022.*

*REIT — Real Estate Investment Trust*

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Mutual Funds | $6834919 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $6834919 |
| Closed-End Funds | 683236 |  |  | 683236 |
| Money Market Fund | 82813 |  |  | 82813 |
| Total Assets | $7600968 | $— | $— | $7600968 |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value<br> 09/30/22** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value<br> 12/31/22** | **Shares<br> 12/31/22** | **Investment Income** | **Capital Gain Distributions** |
| **Mutual Funds** |  |  |  |  |  |  |  |  |  |
| Guggenheim Core Bond Fund — Institutional Class | $704685 | $42981 | $– | $– | $2292 | $749958 | 46960 | $7974 | $– |
| Guggenheim Floating Rate Strategies Fund — R6-Class | 747554 | 13870 |  |  | 10246 | 771670 | 32560 | 13816 |  |
| Guggenheim High Yield Fund — R6-Class | 1837726 | 30706 |  |  | 40217 | 1908649 | 204791 | 30693 |  |
| Guggenheim RBP Dividend Fund — Institutional Class | 685303 | 14627 | (15149) | (3823) | 84495 | 765453 | 66619 | 2637 |  |
| Guggenheim RBP Large-Cap Market Fund — Institutional Class<sup>\*</sup> | 1383590 | 82845 |  |  | 39819 | 1506254 | 153543 | 5578 | 40807 |
| Guggenheim Risk Managed Real Estate Fund — Institutional Class | 337666 | 39897 |  |  | (4782) | 372781 | 12632 | 2444 | 15483 |
| Guggenheim Ultra Short Duration Fund — Institutional Class | 367906 | 3686 |  |  | 1929 | 373521 | 38747 | 3652 |  |
| Guggenheim World Equity Income Fund — Institutional Class | 344667 | 1940 | – | – | 40026 | 386633 | 27936 | 1728 | 212 |
|  | $6409097 | $230552 | $(15149) | $(3823) | $214242 | $6834919 |  | $68522 | $56502 |

---

*<sup>\*</sup>* *Non-income producing security.*

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†††</sup> - 0.1%** | **COMMON STOCKS<sup>†††</sup> - 0.1%** | **COMMON STOCKS<sup>†††</sup> - 0.1%** |
| **Energy - 0.1%** | **Energy - 0.1%** | **Energy - 0.1%** |
| Permian Production Partners LLC | 401481 | $329214 |
| **Industrial - 0.0%** |  |  |
| BP Holdco LLC<sup>\*,1</sup> | 244278 | 148128 |
| Vector Phoenix Holdings, LP<sup>\*</sup> | 244278 | 58370 |
| API Heat Transfer Parent LLC<sup>\*</sup> | 4994727 | 499 |
| **Total Industrial** |  | 206997 |
| **Industrials - 0.0%** |  |  |
| Targus Inc | 12773 | 4849 |
| Targus Inc<sup>\*</sup> | 12773 | 377 |
| Targus Inc<sup>\*</sup> | 12773 | 377 |
| Targus Inc<sup>\*</sup> | 12773 | 124 |
| Targus Inc<sup>\*</sup> | 12773 | 1 |
| Targus Inc<sup>\*</sup> | 12773 | 1 |
| **Total Industrials** |  | 5729 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,542,008) |  | 541940 |
| **PREFERRED STOCKS<sup>††</sup> - 0.0%** |  |  |
| **Financial - 0.0%** |  |  |
| B Riley Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/31/24 | 401 | 9784 |
| **Industrial - 0.0%** |  |  |
| API Heat Transfer Intermediate<sup>\*,†††</sup> | 618 | – |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $503,945) |  | 9784 |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 3.0%** |  |  |
| SPDR Blackstone Senior Loan ETF | 847140 | 34648026 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $36,532,679) |  | 34648026 |
| **MONEY MARKET FUND<sup>†</sup> - 2.4%** |  |  |
| Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 3.82%<sup>2</sup> | 27306190 | 27306190 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $27,306,190) |  | 27306190 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2%** | | |
| **Industrial - 22.1%** |  |  |
| Hunter Douglas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.86% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/26/29 | 11741000 | 10283825 |
| STS Operating, Inc. (SunSource) |  |  |
| &nbsp;&nbsp;&nbsp;8.63% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 12/11/24 | 10031618 | 9550903 |
| American Bath Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/23/27 | 10852214 | 9476153 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 12/09/25 | 4910878 | 4844974 |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25 | 4316933 | 4266036 |
| Arcline FM Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.48% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 06/23/28 | 9494813 | 9004216 |
| Park River Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.99% (3 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 12/28/27 | 9810903 | 8547750 |
| Pelican Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.71% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 12/29/28 | 9073869 | 8075743 |
| Beacon Roofing Supply, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/19/28 | 7880000 | 7799939 |
| BWAY Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;7.37% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 04/03/24 | 7634138 | 7444353 |
| Atlantic Aviation |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 09/22/28 | 7375500 | 7263687 |
| CPG International LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.92% (6 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 04/28/29 | 7000000 | 6790000 |
| Engineered Machinery Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 05/19/28 | 6930000 | 6696113 |
| Icebox Holdco III, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/28 | 7201839 | 6625692 |
| LTI Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 09/08/25 | 6902008 | 6593558 |
| PECF USS Intermediate Holding III Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 12/15/28 | 7866287 | 6536649 |
| Aegion Corp. |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 05/17/28 | 6947227 | 6466687 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | | |
| **Industrial - 22.1% (continued)** |  |  |  |
| Alliance Laundry Systems LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.41% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 10/08/27 |  | 6603497 | $6466474 |
| Titan Acquisition Ltd. (Husky) |  |  |  |
| &nbsp;&nbsp;&nbsp;8.15% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/28/25 |  | 6781345 | 6320417 |
| Cushman & Wakefield US Borrower LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 08/21/25 |  | 6166401 | 6014461 |
| TricorBraun Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 03/03/28 |  | 6221101 | 5922364 |
| Mirion Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.48% (3 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 10/20/28 |  | 5984887 | 5865189 |
| USIC Holding, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 05/12/28 |  | 5290550 | 5040201 |
| Standard Industries, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.43% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 09/22/28 |  | 5042000 | 4975395 |
| Gardner Denver, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.17% (1 Month Term SOFR + 1.75%, Rate Floor: 2.75%) due 03/01/27 |  | 4899244 | 4853338 |
| White Cap Supply Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 10/19/27 |  | 5000000 | 4826800 |
| Reynolds Group Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/05/26 |  | 4855900 | 4790637 |
| Duran Group Holding GMBH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.65% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/29/24<sup>†††</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;3791039 | 3852263 |
| &nbsp;&nbsp;&nbsp;6.34% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 12/20/24<sup>†††</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;736721 | 748619 |
| Pro Mach Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 08/31/28 |  | 4357229 | 4230869 |
| US Farathane LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 12/23/24 |  | 4155995 | 3740395 |
| DG Investment Intermediate Holdings 2, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/31/28 |  | 3841627 | 3668754 |
| Brown Group Holding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.50%, Rate Floor: 3.00%) due 06/07/28 |  | 3732823 | 3658689 |
| Hillman Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.14% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 07/14/28 |  | 3653750 | 3538913 |
| Osmose Utility Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 06/23/28 |  | 3505266 | 3321871 |
| Berlin Packaging LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.91% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 03/13/28 |  | 3406875 | 3271145 |
| Core & Main, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;7.06% ((1 Month USD LIBOR + 2.50%) and (6 Month USD LIBOR + 2.50%), Rate Floor: 2.50%) due 07/27/28 |  | 2992424 | 2948466 |
| Berry Global, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.02% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 07/01/26 |  | 2956400 | 2929526 |
| Quikrete Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 06/12/28 |  | 2952563 | 2925813 |
| Savage Enterprises LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.64% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 09/15/28 |  | 2850252 | 2821749 |
| DXP Enterprises, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.95% (6 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 12/23/27 |  | 2892621 | 2744374 |
| Ravago Holdings America, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 03/06/28 |  | 2800125 | 2709121 |
| Mileage Plus Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.00% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27 |  | 2520000 | 2588670 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | |
| **Industrial - 22.1% (continued)** |  |  |
| API Heat Transfer |  |  |
| &nbsp;&nbsp;&nbsp;14.67% (3 Month USD LIBOR) (in-kind rate was 14.67%) due 01/01/24<sup>†††,3</sup> | 3909563 | $1993877 |
| &nbsp;&nbsp;&nbsp;14.67% (3 Month USD LIBOR) (in-kind rate was 14.67%) due 10/02/23<sup>†††,3</sup> | 697508 | 592882 |
| APi Group DE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 01/03/29 | 2562809 | 2538462 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.11% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 04/21/28 | 2326226 | 2292635 |
| Anchor Packaging LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 07/18/26 | 2321091 | 2213740 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 08/11/28 | 2189000 | 2158901 |
| Charter Next Generation, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 12/01/27 | 2164541 | 2098934 |
| TK Elevator Midco GmbH |  |  |
| &nbsp;&nbsp;&nbsp;6.87% (6 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 07/30/27 | 1857675 | 1784538 |
| Protective Industrial Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/29/27 | 1832237 | 1667335 |
| Sundyne (Star US Bidco) |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 03/17/27 | 1472727 | 1399091 |
| Filtration Group Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/31/25 | 1335410 | 1319278 |
| Griffon Corporation |  |  |
| &nbsp;&nbsp;&nbsp;7.01% ((3 Month Term SOFR + 2.50%) and (Commercial Prime Lending Rate + 1.50%), Rate Floor: 3.00%) due 01/24/29 | 401375 | 393600 |
| YAK MAT (YAK ACCESS LLC) |  |  |
| &nbsp;&nbsp;&nbsp;13.64% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26 | 2550000 | 267750 |
| **Total Industrial** |  | 251761814 |
| **Consumer, Non-cyclical - 17.3%** |  |  |
| Osmosis Holdings Australia II Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.97% (1 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 07/30/28 | 5970000 | 5614307 |
| &nbsp;&nbsp;&nbsp;7.84% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 07/31/28 | 5310764 | 4992118 |
| &nbsp;&nbsp;&nbsp;8.09% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 07/31/28 | 738889 | 694556 |
| Del Monte Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 05/16/29 | 10000000 | 9690600 |
| Bombardier Recreational Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 05/24/27 | 9927733 | 9592672 |
| VC GB Holdings I Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 07/21/28 | 9850500 | 8853137 |
| Medical Solutions Parent Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/01/28 | 9237326 | 8634960 |
| Grifols Worldwide Operations USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 11/15/27 | 8730304 | 8428411 |
| Hayward Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.50%, Rate Floor: 3.00%) due 05/30/28 | 7683000 | 7332502 |
| Triton Water Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 03/31/28 | 7880011 | 7300830 |
| Kronos Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/26 | 7301000 | 6926824 |
| Electron BidCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.76%) due 11/01/28 | 7067091 | 6870979 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | | |
| **Consumer, Non-cyclical - 17.3% (continued)** |  |  |  |
| Medline Borrower LP |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 10/23/28 |  | 7146000 | $6781411 |
| Perrigo Investments LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.92% (1 Month Term SOFR + 2.50%, Rate Floor: 3.00%) due 04/20/29 |  | 6467500 | 6418994 |
| National Mentor Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.33% ((1 Month USD LIBOR + 3.75%) and (3 Month USD LIBOR + 3.75%), Rate Floor: 4.50%) due 03/02/28 |  | 8799310 | 6125287 |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/02/28 |  | 276228 | 192285 |
| Quirch Foods Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.99% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 10/27/27<sup>†††</sup> |  | 6668962 | 6068755 |
| HAH Group Holding Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.43% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/29/27 |  | 6252750 | 5947928 |
| Mission Veterinary Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;7.37% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/27/28<sup>†††</sup> |  | 6426193 | 5719312 |
| Recess Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.16% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 09/30/24 |  | 5492196 | 5447599 |
| Weber-Stephen Products LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 10/29/27 |  | 6439947 | 5409555 |
| Froneri US, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/29/27 |  | 5478925 | 5322940 |
| Dermatology Intermediate Holdings III, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 04/02/29<sup>†††</sup> |  | 5125959 | 4984995 |
| Chefs' Warehouse, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.17% (1 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 08/23/29 |  | 4837875 | 4783449 |
| Phoenix Newco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 11/15/28 |  | 4962500 | 4770898 |
| DaVita, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.13% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/12/26 |  | 4886650 | 4754124 |
| Southern Veterinary Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27 |  | 4723310 | 4514682 |
| KDC US Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 12/22/25 |  | 4475075 | 4308199 |
| Resonetics LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.41% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/28/28 |  | 3572864 | 3394221 |
| Aramark Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.13% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/11/25 |  | 3000000 | 2976570 |
| CHG PPC Parent LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.44% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 12/08/28 |  | 3027125 | 2921176 |
| Elanco Animal Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.87% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/02/27 |  | 2953808 | 2831491 |
| Sigma Holding BV (Flora Food) |  |  |  |
| &nbsp;&nbsp;&nbsp;3.74% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | 2772454 |
| Energizer Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 12/22/27 |  | 2740750 | 2682509 |
| TGP Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 06/29/28 |  | 2863740 | 2276673 |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 06/29/28 |  | 186494 | 148263 |
| Pearl Intermediate Parent LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 02/14/25 |  | 2517474 | 2358999 |
| Blue Ribbon LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.12% (1 Month USD LIBOR + 6.00%, Rate Floor: 6.75%) due 05/08/28 |  | 2692308 | 1995673 |
| Arctic Glacier Group Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 03/20/24 |  | 2272564 | 1994175 |
| Cambrex Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.92% (1 Month Term SOFR + 3.50%, Rate Floor: 5.25%) due 12/04/26 |  | 1831226 | 1775831 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | | |
| **Consumer, Non-cyclical - 17.3% (continued)** |  |  |  |
| Endo Luxembourg Finance Company I SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;13.50% (Commercial Prime Lending Rate + 6.00%, Rate Floor: 7.75%) due 03/27/28 |  | 1896000 | $1512060 |
| Upstream Newco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.09% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 11/20/26 |  | 738750 | 634712 |
| Mamba Purchaser, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.89% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 10/16/28 |  | 315366 | 300518 |
| Aveanna Healthcare LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 07/17/28 |  | 220203 | 171208 |
| **Total Consumer, Non-cyclical** |  |  | 197228842 |
| **Consumer, Cyclical - 14.9%** |  |  |  |
| First Brands Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.94% (3 Month Term SOFR + 5.00%, Rate Floor: 7.00%) due 03/30/27 |  | 9934590 | 9378253 |
| &nbsp;&nbsp;&nbsp;9.60% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27 |  | 2013585 | 1895287 |
| Fertitta Entertainment LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 01/27/29 |  | 9428750 | 8946752 |
| AlixPartners, LLP |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 02/04/28 |  | 8106525 | 8028378 |
| Packers Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.54% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 03/09/28 |  | 8969530 | 7809142 |
| Truck Hero, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 01/31/28 |  | 8912908 | 7609395 |
| Congruex Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.99% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 05/03/29 |  | 6965000 | 6756050 |
| Power Solutions (Panther) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 04/30/26 |  | 6867314 | 6715684 |
| WIRB - Copernicus Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 01/08/27 |  | 7332456 | 6635872 |
| Alterra Mountain Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 08/17/28 |  | 6606983 | 6512041 |
| Mavis Tire Express Services TopCo Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.50% (1 Month Term SOFR + 4.00%, Rate Floor: 5.75%) due 05/04/28 |  | 6825529 | 6498859 |
| American Tire Distributors, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.61% (3 Month USD LIBOR + 6.25%, Rate Floor: 7.00%) due 10/20/28 |  | 6965000 | 6338150 |
| Eagle Parent Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.83% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 04/02/29 |  | 6327188 | 6200644 |
| PetSmart LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 02/11/28 |  | 6270625 | 6123642 |
| Thevelia US LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 06/18/29 |  | 6254784 | 6035867 |
| Stars Group (Amaya) |  |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 07/21/26 |  | 5958415 | 5866537 |
| Scientific Games Holdings, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;7.10% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 04/04/29 |  | 5935125 | 5650417 |
| 1011778 BC Unlimited Liability Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.14% ((1 Month USD LIBOR + 1.75%) and (3 Month USD LIBOR + 1.75%), Rate Floor: 1.75%) due 11/19/26 |  | 5733261 | 5625762 |
| Zephyr Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.21% (1 Month GBP SONIA + 4.75%, Rate Floor: 5.44%) due 07/23/25 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;5265000 | 5187349 |
| Entain Holdings (Gibraltar) Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month USD LIBOR + 2.50%, Rate Floor: 3.00%) due 03/29/27 |  | 5187832 | 5147315 |
| Penn National Gaming, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.17% (1 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 05/03/29 |  | 4776000 | 4720933 |
| Burlington Stores, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.39% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 06/26/28<sup>†††</sup> |  | 4678750 | 4631962 |
| EG Finco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.20% (3 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 02/07/25 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;3289819 | 3183412 |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 02/07/25 |  | 761604 | 717340 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | | |
| **Consumer, Cyclical - 14.9% (continued)** |  |  |  |
| Galaxy US Opco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.07% (1 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 04/30/29 |  | 4000000 | $3610000 |
| Rent-A-Center, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.69% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 02/17/28 |  | 3243470 | 3117785 |
| PCI Gaming Authority, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 05/29/26 |  | 3007140 | 2984586 |
| Michaels Stores, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 04/14/28 |  | 3228080 | 2777957 |
| TTF Holdings Intermediate LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 03/31/28 |  | 2661120 | 2621203 |
| Peloton Interactive, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;11.76% (6 Month Term SOFR + 6.50%, Rate Floor: 7.00%) due 05/25/27 |  | 2487500 | 2439815 |
| Seren BidCo AB |  |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/16/28 |  | 2178000 | 2096325 |
| BCPE Empire Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.05% (1 Month Term SOFR + 4.63%, Rate Floor: 5.13%) due 06/11/26 |  | 2034625 | 1973586 |
| Alexander Mann |  |  |  |
| &nbsp;&nbsp;&nbsp;8.46% (3 Month GBP SONIA + 5.00%, Rate Floor: 5.00%) due 06/16/25 | GBP | &nbsp;&nbsp;&nbsp;&nbsp;1540000 | 1754654 |
| Sweetwater Sound |  |  |  |
| &nbsp;&nbsp;&nbsp;8.69% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 08/07/28 |  | 1203097 | 1112864 |
| WW International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.89% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 04/13/28 |  | 1653750 | 934369 |
| American Trailer World Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.17% (1 Month Term SOFR + 3.75%, Rate Floor: 5.50%) due 03/03/28 |  | 1085951 | 933017 |
| SHO Holding I Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.66% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 04/27/24<sup>†††</sup> |  | 555685 | 416764 |
| &nbsp;&nbsp;&nbsp;9.64% (3 Month USD LIBOR + 5.23%, Rate Floor: 6.23%) due 04/27/24<sup>†††</sup> |  | 9357 | 7018 |
| Petco Health And Wellness Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.09% (3 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 03/03/28 |  | 416440 | 403731 |
| New Trojan Parent, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 01/06/28 |  | 207178 | 142435 |
| **Total Consumer, Cyclical** |  |  | 169541152 |
| **Technology - 11.2%** |  |  |  |
| Conair Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 05/17/28 |  | 11977263 | 10015987 |
| Polaris Newco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 06/02/28 |  | 10262906 | 9342939 |
| Ascend Learning LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 12/11/28 |  | 9009000 | 8502244 |
| Misys Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.87% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 06/13/24 |  | 9218903 | 8131810 |
| Athenahealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/15/29 |  | 8312288 | 7484051 |
| &nbsp;&nbsp;&nbsp;due 02/15/29 |  | 353986 | 352640 |
| Emerald TopCo, Inc. (Press Ganey) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 07/24/26 |  | 8484921 | 7753097 |
| Peraton Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 02/01/28 |  | 7475142 | 7286694 |
| CoreLogic, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.94% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 06/02/28 |  | 8609317 | 7156495 |
| RealPage, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 04/24/28 |  | 7011250 | 6653676 |
| Entegris, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.52% ((1 Month Term SOFR + 3.00%) and (3 Month Term SOFR + 3.00%), Rate Floor: 3.00%) due 07/06/29 |  | 6500000 | 6475625 |
| Boxer Parent Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 10/02/25 |  | 6030490 | 5763942 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | |
| **Technology - 11.2% (continued)** |  |  |
| Atlas CC Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 05/25/28 | 6804533 | $5701246 |
| Wrench Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 04/30/26 | 5440099 | 5239522 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.42% (1 Month Term SOFR + 5.00%, Rate Floor: 5.50%) due 06/30/28 | 3388383 | 3115211 |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 12/17/27 | 1379000 | 1251442 |
| CCC Intelligent Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 09/21/28 | 3950050 | 3910550 |
| Epicor Software |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 07/30/27 | 3693325 | 3538870 |
| Taxware Holdings (Sovos Compliance LLC) |  |  |
| &nbsp;&nbsp;&nbsp;8.88% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.00%) due 08/11/28 | 3764798 | 3460941 |
| Park Place Technologies, LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.42% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 11/10/27 | 3628814 | 3409561 |
| Project Ruby Ultimate Parent Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 03/10/28 | 3438750 | 3244082 |
| WEX, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 03/31/28 | 2992386 | 2970362 |
| CDK Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.08% (3 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 07/06/29 | 3000000 | 2969310 |
| Verscend Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 08/27/25 | 2992405 | 2967299 |
| Imprivata, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 12/01/27 | 646750 | 622297 |
| Ep Purchaser LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/06/28 | 249823 | 246545 |
| **Total Technology** |  | 127566438 |
| **Financial - 10.3%** |  |  |
| Teneo Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.67% (1 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 07/11/25 | 9743634 | 9353888 |
| AqGen Island Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.25% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 08/02/28 | 9163628 | 8732205 |
| NFP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/15/27 | 7667656 | 7321231 |
| Alliant Holdings Intermediate LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 05/09/25 | 7169430 | 7067266 |
| Jane Street Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 01/26/28 | 7252000 | 7027623 |
| AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 3.00%) due 02/21/28 | 6889861 | 6758540 |
| FleetCor Technologies Operating Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.13% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 04/28/28 | 5998660 | 5929315 |
| Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 5.25%) due 10/01/25 | 6039896 | 5891919 |
| USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.33% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 11/22/29 | 5549664 | 5490227 |
| Apex Group Treasury LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.26% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 07/27/28 | 3456250 | 3283438 |
| &nbsp;&nbsp;&nbsp;9.33% (1 Month Term SOFR + 5.00%, Rate Floor: 5.50%) due 07/27/28 | 2100000 | 2037000 |
| Duff & Phelps |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 04/09/27 | 4923033 | 4589202 |
| Nexus Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26 | 4624994 | 4421818 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | |
| **Financial - 10.3% (continued)** |  |  |
| Citadel Securities, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.94% (1 Month Term SOFR + 2.50%, Rate Floor: 2.50%) due 02/02/28 | 4432500 | $4340526 |
| Focus Financial Partners, LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 06/30/28 | 4239375 | 4182864 |
| Franchise Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.69% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 03/10/26 | 3955564 | 3797341 |
| HarbourVest Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.59% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 03/03/25 | 3599217 | 3571323 |
| Virtu Financial |  |  |
| &nbsp;&nbsp;&nbsp;7.42% (1 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 01/13/29 | 3600000 | 3497400 |
| Ryan Specialty Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.42% (1 Month Term SOFR + 3.00%, Rate Floor: 3.75%) due 09/01/27 | 3519000 | 3489687 |
| Trans Union LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 12/01/28 | 3424742 | 3386693 |
| Cobham Ultra SeniorCo SARL |  |  |
| &nbsp;&nbsp;&nbsp;7.06% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 08/06/29 | 3291750 | 3192998 |
| Blackstone Mortgage Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 05/09/29<sup>†††</sup> | 3213301 | 3141002 |
| HighTower Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.28% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/21/28 | 2666250 | 2435166 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.53% (3 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 04/25/25 | 2122922 | 2101204 |
| Zodiac Pool Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.42% (1 Month Term SOFR + 2.00%, Rate Floor: 2.50%) due 01/29/29 | 1683000 | 1595063 |
| **Total Financial** |  | 116634939 |
| **Communications - 8.6%** |  |  |
| Titan AcquisitionCo New Zealand Ltd. (Trade Me) |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 10/18/28 | 9428750 | 8996630 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27 | 6648468 | 5366710 |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 03/09/27 | 3970000 | 3278347 |
| Xplornet Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 10/02/28 | 10805081 | 8355894 |
| McGraw Hill LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.25%) due 07/28/28 | 8595210 | 8071418 |
| Virgin Media Bristol LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/31/28 | 7916233 | 7772078 |
| WMG Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.51% (1 Month USD LIBOR + 2.13%, Rate Floor: 2.13%) due 01/20/28 | 7000000 | 6909560 |
| Ziggo Financing Partnership |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 04/28/28 | 6685000 | 6507446 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.23% (3 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 07/17/25 | 6762075 | 6373256 |
| Playtika Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 03/13/28 | 6482844 | 6175622 |
| SFR Group S.A. |  |  |
| &nbsp;&nbsp;&nbsp;7.77% (3 Month USD LIBOR + 3.69%, Rate Floor: 3.69%) due 02/02/26 | 3327346 | 3075034 |
| &nbsp;&nbsp;&nbsp;7.16% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 07/31/25 | 1628057 | 1540549 |
| Cengage Learning Acquisitions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.81% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 07/14/26 | 5119238 | 4592929 |
| UPC Broadband Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;7.24% (1 Month USD LIBOR + 2.93%, Rate Floor: 2.93%) due 01/31/29 | 4449704 | 4338461 |
| Telenet Financing USD LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.32% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 04/28/28 | 4000000 | 3886000 |
| Radiate Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/25/26 | 4639635 | 3751841 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 89.2% (continued)** | | | |
| **Communications - 8.6% (continued)** |  |  |  |
| Authentic Brands |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/27/24 |  | 3004469 | $2981935 |
| Level 3 Financing, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.13% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/01/27 |  | 2588000 | 2474775 |
| Recorded Books, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 5.00%) due 08/29/25 |  | 2200000 | 2147354 |
| Cincinnati Bell, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.67% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 11/22/28 |  | 990000 | 970200 |
| **Total Communications** |  |  | 97566039 |
| **Basic Materials - 3.8%** |  |  |  |
| CTEC III GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.70% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/16/29 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;7500000 | 7538074 |
| Illuminate Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/30/27 |  | 7620554 | 7284411 |
| Messer Industries USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 03/02/26 |  | 5788637 | 5730750 |
| Diamond BC BV |  |  |  |
| &nbsp;&nbsp;&nbsp;7.16% (3 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 09/29/28 |  | 5247000 | 5063355 |
| Ascend Performance Materials Operations LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.83% (6 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 08/27/26 |  | 3377257 | 3172089 |
| NIC Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 12/29/27 |  | 3988012 | 2867381 |
| INEOS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 01/29/26 |  | 2561000 | 2511701 |
| Axalta Coating Systems Dutch Holding B B.V. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.51% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 12/07/29 |  | 2500000 | 2500000 |
| GrafTech Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 02/12/25 |  | 1921721 | 1897700 |
| W.R. Grace Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.50% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 09/22/28 |  | 1732500 | 1696776 |
| DCG Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 09/30/26 |  | 1695766 | 1594020 |
| Trinseo Materials Operating S.C.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 05/03/28 |  | 1576000 | 1463710 |
| **Total Basic Materials** |  |  | 43319967 |
| **Energy - 0.7%** |  |  |  |
| TransMontaigne Operating Company LP |  |  |  |
| &nbsp;&nbsp;&nbsp;7.87% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/17/28 |  | 3861000 | 3778954 |
| AL GCX Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month Term SOFR + 3.75%, Rate Floor: 4.25%) due 05/17/29 |  | 3690750 | 3653842 |
| Permian Production Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;12.39% (1 Month USD LIBOR + 6.00%, Rate Floor: 10.39%) (in-kind rate was 2.00%) due 11/24/25<sup>†††,3</sup> |  | 810783 | 806729 |
| **Total Energy** |  |  | 8239525 |
| **Utilities - 0.3%** |  |  |  |
| Granite Generation LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 11/09/26 |  | 3336103 | 3233418 |
| **Total Senior Floating Rate Interests** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,078,633,724) |  |  | 1015092134 |
| **CORPORATE BONDS<sup>††</sup> - 3.9%** |  |  |  |
| **Consumer, Non-cyclical - 1.9%** |  |  |  |
| Nathan's Famous, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 11/01/25<sup>4</sup> |  | 3135000 | 3048787 |
| Sotheby's |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/15/27<sup>4</sup> |  | 2875000 | 2695685 |
| CPI CG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 03/15/26<sup>4</sup> |  | 2689000 | 2642420 |
| Legends Hospitality Holding Company LLC / Legends Hospitality Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>4</sup> |  | 2875000 | 2558750 |
| Cheplapharm Arzneimittel GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 01/15/28<sup>4</sup> |  | 2975000 | 2487695 |
| ADT Security Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 08/01/29<sup>4</sup> |  | 2875000 | 2445061 |
| Tenet Healthcare Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 01/15/30<sup>4</sup> |  | 2800000 | 2423582 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 3.9% (continued)** | | | |
| **Consumer, Non-cyclical - 1.9% (continued)** |  |  |  |
| HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 02/15/27 |  | 1500000 | $1445666 |
| WW International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 04/15/29<sup>4</sup> |  | 2875000 | 1436321 |
| **Total Consumer, Non-cyclical** |  |  | 21183967 |
| **Communications - 0.8%** |  |  |  |
| VZ Secured Financing BV |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/15/32<sup>4</sup> |  | 3500000 | 2844175 |
| LCPR Senior Secured Financing DAC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 10/15/27<sup>4</sup> |  | 2875000 | 2688125 |
| Altice France S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 10/15/29<sup>4</sup> |  | 2850000 | 2173210 |
| McGraw-Hill Education, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>4</sup> |  | 1575000 | 1323583 |
| **Total Communications** |  |  | 9029093 |
| **Consumer, Cyclical - 0.4%** |  |  |  |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 01/15/29<sup>4</sup> |  | 5000000 | 4231175 |
| **Industrial - 0.3%** |  |  |  |
| New Enterprise Stone & Lime Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/28<sup>4</sup> |  | 2875000 | 2552916 |
| Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 02/01/26<sup>4</sup> |  | 1412000 | 1287244 |
| **Total Industrial** |  |  | 3840160 |
| **Financial - 0.2%** |  |  |  |
| Hunt Companies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>4</sup> |  | 1850000 | 1554948 |
| Lincoln Financing SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.04% (3 Month EURIBOR + 3.88%, Rate Floor: 3.88%) due 04/01/24<sup>◊,4</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;350000 | 372042 |
| **Total Financial** |  |  | 1926990 |
| **Energy - 0.2%** |  |  |  |
| Sabine Pass Liquefaction LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 04/15/23 |  | 1900000 | 1900342 |
| **Basic Materials - 0.1%** |  |  |  |
| WR Grace Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/15/27<sup>4</sup> |  | 1975000 | 1750107 |
| Mirabela Nickel Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 06/24/19<sup>†††,5,6</sup> |  | 1279819 | 25596 |
| **Total Basic Materials** |  |  | 1775703 |
| **Total Corporate Bonds** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $51,401,236) |  |  | 43887430 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 0.8%** |  |  |  |
| **Residential Mortgage-Backed Securities - 0.8%** |  |  |  |
| RALI Series Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2006-QO6, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 06/25/46<sup>◊</sup> |  | 10472375 | 2383541 |
| &nbsp;&nbsp;&nbsp;2006-QO2, 4.83% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/46<sup>◊</sup> |  | 416751 | 88294 |
| Washington Mutual Mortgage Pass-Through Certificates Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA6, 2.86% (1 Year CMT Rate + 0.81%, Rate Floor: 0.81%) due 07/25/47<sup>◊</sup> |  | 2385688 | 1899455 |
| Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2006-AR9, 2.89% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46<sup>◊</sup> |  | 1608493 | 1269886 |
| American Home Mortgage Assets Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2006-4, 4.60% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 10/25/46<sup>◊</sup> |  | 2280565 | 1220298 |
| Lehman XS Trust Series |  |  |  |
| &nbsp;&nbsp;&nbsp;2006-16N, 4.77% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 11/25/46<sup>◊</sup> |  | 1300827 | 1091785 |
| Nomura Resecuritization Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2015-4R, 2.22% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/36<sup>◊,4</sup> |  | 649079 | 582011 |
| Alliance Bancorp Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA1, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 07/25/37<sup>◊</sup> |  | 369043 | 301858 |
| Morgan Stanley Re-REMIC Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2010-R5, 2.18% due 06/26/36<sup>4</sup> |  | 280918 | 244934 |
| New Century Home Equity Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2004-4, 5.18% (1 Month USD LIBOR + 0.80%, Rate Cap/Floor: 12.50%/0.80%) due 02/25/35<sup>◊</sup> |  | 153248 | 145767 |
| GSAA Home Equity Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2007-7, 4.93% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 07/25/37<sup>◊</sup> |  | 128201 | 121554 |
| **Total Residential Mortgage-Backed Securities** |  |  | 9349383 |
| **Total Collateralized Mortgage Obligations** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $12,598,246) |  |  | 9349383 |

---

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 0.1%** | | |
| **Collateralized Loan Obligations - 0.1%** |  |  |
| Octagon Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A SUB, due 11/18/31<sup>4,7</sup> | 2071948 | $578125 |
| Treman Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A COM, due 10/20/28<sup>4,7</sup> | 977702 | 58496 |
| Avery Point II CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-3X COM , due 01/18/25<sup>7</sup> | 1361673 | 9750 |
| OHA Credit Partners IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-9A ACOM, due 10/20/25<sup>4,7</sup> | 1808219 | 1971 |
| **Total Collateralized Loan Obligations** |  | 648342 |
| **Total Asset-Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $254,317) |  | 648342 |
| **Total Investments - 99.5%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,208,772,345) |  | $1131483229 |
| **Other Assets & Liabilities, net - 0.5%** |  | 5954800 |
| **Total Net Assets - 100.0%** |  | $1137438029 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** |
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | **Settlement Date** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| Barclays Bank plc | GBP | Sell | 5947000 | 7,369,879 USD | 01/17/23 | $177833 |
| Barclays Bank plc | GBP | Buy | 78000 | 93,928 USD | 01/17/23 | 402 |
| Barclays Bank plc | EUR | Sell | 20745000 | 22,100,582 USD | 01/17/23 | (138805) |
|  |  |  |  |  |  | $39430 |

---

---

| | |
|:---|:---|
| *<sup>~</sup>* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *<sup>1</sup>* | *Affiliated issuer.* |
| *<sup>2</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>3</sup>* | *Payment-in-kind security.* |
| *<sup>4</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $41,981,363 (cost $47,964,050), or 3.7% of total net assets.* |
| *<sup>5</sup>* | *Security is in default of interest and/or principal obligations.* |
| *<sup>6</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $25,596 (cost $1,160,811), or less than 0.01% of total net assets — See Note 6.* |
| *<sup>7</sup>* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |

---

*CMT — Constant Maturity Treasury*

*EUR — Euro*

*EURIBOR — European Interbank Offered Rate*

*GBP — British Pound*

*LIBOR — London Interbank Offered Rate*

*plc — Public Limited Company*

*REMIC — Real Estate Mortgage Investment Conduit*

*SARL — Société à Responsabilité Limitée*

*SOFR — Secured Overnight Financing Rate*

*SONIA — Sterling Overnight Index Average*

*WAC — Weighted Average Coupon*

 

*See Sector Classification in Other Information section.*

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $— | $— | $541940 | $541940 |
| Preferred Stocks |  | 9784 | — \* | 9784 |
| Exchange-Traded Funds | 34648026 |  |  | 34648026 |
| Money Market Fund | 27306190 |  |  | 27306190 |
| Senior Floating Rate Interests |  | 982127956 | 32964178 | 1015092134 |
| Corporate Bonds |  | 43861834 | 25596 | 43887430 |
| Collateralized Mortgage Obligations |  | 9349383 |  | 9349383 |
| Asset-Backed Securities |  | 648342 |  | 648342 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 178235 |  | 178235 |
| Total Assets | $61954216 | $1036175534 | $33531714 | $1131661464 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1 Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Forward Foreign Currency Exchange Contracts\*\* | $— | $138805 | $— | $138805 |
| Unfunded Loan Commitments (Note 5) |  |  | 183021 | 183021 |
| Total Liabilities | $— | $138805 | $183021 | $321826 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

The following is a summary of significant unobservable inputs used in the fair valuation of assets categorized within Level 3 of the fair value hierarchy:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at<br> December 31, 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** | |
| **Assets:** |  |  |  |  |  |  |
| Common Stocks | $535712 | Enterprise Value | Valuation Multiple | 2.7x-11.8x | 3.7 | x |
| Common Stocks | 6228 | Model Price | Liquidation Value |  |  |  |
| Corporate Bonds | 25596 | Third Party Pricing | Broker Quote |  |  |  |
| Senior Floating Rate Interests | 2586759 | Model Price | Purchase Price |  |  |  |
| Senior Floating Rate Interests | 25776537 | Third Party Pricing | Broker Quote |  |  |  |
| Senior Floating Rate Interests | 4600882 | Yield Analysis | Yield |  |  |  |
| Total Assets | $33531714 |  |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |  |
| Unfunded Loan Commitments | $183021 | Model Price | Purchase price |  |  |  |

---

*\** *Inputs are weighted by the fair value of the instruments.*

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had securities with a total value of $14,654,720 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $51,459,566 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | | **Liabilities** |
| | **Corporate Bonds** | **Senior Floating Rate Interests** | **Common Stocks** |<br>**Total Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $- | $71470738 | $568337 | $72039075 | $(542584) |
| Purchases/(Receipts) |  | 314425 | 10693 | 325118 | (20405) |
| (Sales, maturities and paydowns)/Fundings |  | (2034360) | (34345) | (2068705) | (24689) |
| Amortization of premiums/discounts |  | 73770 |  | 73770 | 7276 |
| Total realized gains (losses) included in earnings |  | (90211) | 29321 | (60890) | 60707 |
| Total change in unrealized appreciation (depreciation)<br> included in earnings |  | 60258 | (32066) | 28192 | 336674 |
| Transfers into Level 3 | 25596 | 14629124 |  | 14654720 |  |
| Transfers out of Level 3 | - | (51459566) | - | (51459566) | - |
| Ending Balance | $25596 | $32964178 | $541940 | $33531714 | $(183021) |
| Net change in unrealized appreciation (depreciation) for<br> investments in Level 3 securities still held at<br> December 31, 2022 | $- | $179036 | $(4967) | $174069 | $138411 |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

---

| | |
|:---|:---|
| **Floating Rate Strategies Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value<br> 09/30/22** | **Additions** | **Reductions** | **Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation<br> (Depreciation)** | **Value<br> 12/31/22** | **Shares<br> 12/31/22** |
| **Common Stocks** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BP Holdco LLC <sup>\*</sup> | $148128 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $– | $– | $– | $148128 | 244278 |
| &nbsp;&nbsp;&nbsp;Targus Group International Equity, Inc. <sup>\*</sup> | 32125 | – | (34346) | 29321 | (27100) | – | – |
|  | $180253 | $– | $(34346) | $29321 | $(27100) | $148128 |  |

---

*\** *Non-income producing security.*

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.0%** | **COMMON STOCKS<sup>†</sup> - 1.0%** | **COMMON STOCKS<sup>†</sup> - 1.0%** |
| **Financial - 0.5%** | **Financial - 0.5%** | **Financial - 0.5%** |
| TPG Pace Beneficial II Corp.<sup>\*,1</sup> | 46138 | $453306 |
| Acropolis Infrastructure Acquisition Corp. — Class A<sup>\*,1</sup> | 38845 | 384954 |
| MSD Acquisition Corp. — Class A<sup>\*,1</sup> | 721 | 7282 |
| **Total Financial** |  | 845542 |
| **Utilities - 0.4%** |  |  |
| TexGen Power LLC<sup>\*,††</sup> | 26665 | 693290 |
| **Energy - 0.1%** |  |  |
| Permian Production Partners LLC<sup>†††</sup> | 57028 | 46763 |
| Legacy Reserves, Inc.<sup>\*,†††</sup> | 3452 | 30205 |
| Bruin E&P Partnership Units<sup>\*,†††</sup> | 44023 | 986 |
| **Total Energy** |  | 77954 |
| **Consumer, Cyclical - 0.0%** |  |  |
| Metro-Goldwyn-Mayer, Inc.<sup>††</sup> | 7040 | 31152 |
| **Consumer, Non-cyclical - 0.0%** |  |  |
| Cengage Learning Holdings II, Inc.<sup>\*,††</sup> | 2107 | 23573 |
| Save-A-Lot<sup>\*,††</sup> | 17185 | 5723 |
| **Total Consumer, Non-cyclical** |  | 29296 |
| **Industrial - 0.0%** |  |  |
| BP Holdco LLC<sup>\*,†††,2</sup> | 23711 | 14378 |
| Vector Phoenix Holdings, LP<sup>\*,†††</sup> | 23711 | 5666 |
| Targus Inc<sup>†††</sup> | 12825 | 4869 |
| Targus Inc<sup>\*,†††</sup> | 12825 | 378 |
| Targus Inc<sup>\*,†††</sup> | 12825 | 378 |
| Targus Inc<sup>\*,†††</sup> | 12825 | 124 |
| Targus Inc<sup>\*,†††</sup> | 12825 | 1 |
| Targus Inc<sup>\*,†††</sup> | 12825 | 1 |
| **Total Industrial** |  | 25795 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,435,156) |  | 1703029 |
| **PREFERRED STOCKS<sup>††</sup> - 2.1%** |  |  |
| **Financial - 2.1%** |  |  |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.95% | 54000 | 1085942 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*</sup> | 1325000 | 1056621 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.55% | 55000 | 949850 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% | 30000 | 605700 |
| B Riley Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% | 403 | 9833 |
| **Total Financial** |  | 3707944 |
| **Industrial - 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;U.S. Shipping Corp.<sup>\*,†††</sup> | 14718 |  |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $5,185,075) |  | 3707946 |
| **WARRANTS<sup>†</sup> - 0.0%** |  |  |
| Acropolis Infrastructure Acquisition Corp. — Class A<br> Expiring 03/31/26<sup>\*,1</sup> | 12947 | 1555 |
| MSD Acquisition Corp. — Class A<br> Expiring 05/13/23<sup>\*,1</sup> | 143 | 11 |
| Ginkgo Bioworks Holdings, Inc.<br> Expiring 08/01/26<sup>\*</sup> | 4 | – |
| **Total Warrants** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $10,857) |  | 1566 |
| **MONEY MARKET FUND<sup>†</sup> - 2.9%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>4</sup> | 5121058 | 5121058 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $5,121,058) |  | 5121058 |
|  | **Face**<br> **Amount<sup>~</sup>** |  |
| **CORPORATE BONDS<sup>††</sup> - 78.3%** |  |  |
| **Communications - 14.9%** |  |  |
| McGraw-Hill Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>5</sup> | 2575000 | 2163953 |
| &nbsp;&nbsp;&nbsp;8.00% due 08/01/29<sup>5</sup> | 1525000 | 1261125 |
| Altice France S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>5</sup> | 1450000 | 1087128 |
| &nbsp;&nbsp;&nbsp;5.50% due 10/15/29<sup>5</sup> | 1250000 | 953162 |
| &nbsp;&nbsp;&nbsp;8.13% due 02/01/27<sup>5</sup> | 900000 | 819792 |
| CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 05/01/32 | 1850000 | 1472600 |
| &nbsp;&nbsp;&nbsp;4.25% due 01/15/34<sup>5</sup> | 975000 | 719594 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/01/31<sup>5</sup> | 400000 | 320846 |
| &nbsp;&nbsp;&nbsp;6.38% due 09/01/29<sup>5</sup> | 275000 | 258429 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 01/15/29<sup>5</sup> | 1825000 | 1336340 |
| &nbsp;&nbsp;&nbsp;4.25% due 07/01/28<sup>5</sup> | 1150000 | 905855 |
| VZ Secured Financing BV |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/15/32<sup>5</sup> | 2175000 | 1767452 |
| Cengage Learning, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.50% due 06/15/24<sup>5</sup> | 1739000 | 1658571 |
| Vmed O2 UK Financing I plc |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/31/31<sup>5</sup> | 1125000 | 910704 |
| &nbsp;&nbsp;&nbsp;4.75% due 07/15/31<sup>5</sup> | 850000 | 690498 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 12/01/30<sup>5</sup> | 975000 | 688184 |
| &nbsp;&nbsp;&nbsp;3.38% due 02/15/31<sup>5</sup> | 1025000 | 668439 |
| LCPR Senior Secured Financing DAC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 10/15/27<sup>5</sup> | 1417000 | 1324895 |
| Telenet Finance Luxembourg Notes SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/28 | 1400000 | 1260000 |
| UPC Broadband Finco BV |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/31<sup>5</sup> | 1200000 | 998154 |
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 02/15/29 | 1550000 | 965801 |
| Cogent Communications Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/27<sup>5</sup> | 775000 | 759444 |
| Sirius XM Radio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/30<sup>5</sup> | 800000 | 660168 |
| Virgin Media Secured Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 08/15/30<sup>5</sup> | 675000 | 563912 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/28<sup>5</sup> | 600000 | 534876 |

---

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 78.3% (continued)** | | |
| **Communications - 14.9% (continued)** |  |  |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/30<sup>†††,5</sup> | 950000 | $511266 |
| Outfront Media Capital LLC / Outfront Media Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/15/29<sup>5</sup> | 550000 | 456351 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/01/27<sup>5</sup> | 300000 | 221571 |
| Go Daddy Operating Company LLC / GD Finance Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 03/01/29<sup>5</sup> | 200000 | 167439 |
| **Total Communications** |  | 26106549 |
| **Consumer, Non-cyclical - 12.5%** |  |  |
| CPI CG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 03/15/26<sup>5</sup> | 2572000 | 2527446 |
| FAGE International S.A. / FAGE USA Dairy Industry, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 08/15/26<sup>5</sup> | 2200000 | 2040808 |
| Rent-A-Center, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 02/15/29<sup>5,6</sup> | 2281000 | 1845211 |
| Prime Security Services Borrower LLC / Prime Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/31/27<sup>5</sup> | 1525000 | 1316356 |
| Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 12/31/27<sup>5</sup> | 961000 | 790423 |
| &nbsp;&nbsp;&nbsp;5.00% due 12/31/26<sup>5</sup> | 350000 | 302750 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/01/25<sup>5</sup> | 827000 | 794780 |
| &nbsp;&nbsp;&nbsp;9.25% due 04/15/25<sup>5</sup> | 250000 | 249032 |
| Sotheby's/Bidfair Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/01/29<sup>5</sup> | 1200000 | 1007640 |
| KeHE Distributors LLC / KeHE Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/15/26<sup>5</sup> | 956000 | 934490 |
| Par Pharmaceutical, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; due 04/01/27<sup>5,7</sup> | 1210000 | 919570 |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>5</sup> | 1225000 | 914279 |
| ADT Security Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 08/01/29<sup>5</sup> | 1050000 | 892979 |
| Tenet Healthcare Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 01/15/30<sup>5</sup> | 625000 | 540978 |
| &nbsp;&nbsp;&nbsp;6.13% due 06/15/30<sup>5</sup> | 275000 | 262020 |
| Bausch Health Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/01/28<sup>5</sup> | 1200000 | 763250 |
| Legends Hospitality Holding Company LLC / Legends Hospitality Co-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>5</sup> | 850000 | 756500 |
| Endo Luxembourg Finance Company I SARL / Endo US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; due 04/01/29<sup>5,7</sup> | 950000 | 720697 |
| Medline Borrower, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 10/01/29<sup>5</sup> | 850000 | 675129 |
| BCP V Modular Services Finance II plc |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/30/28<sup>5</sup> | EUR 736,000 | 658199 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/30<sup>5</sup> | 600000 | 517644 |
| Albertsons Companies Incorporated / Safeway Inc / New Albertsons Limited Partnership / Albertsons LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 02/15/28<sup>5</sup> | 475000 | 451573 |
| WW International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 04/15/29<sup>5</sup> | 825000 | 412162 |
| Lamb Weston Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 01/31/30<sup>5</sup> | 425000 | 375360 |
| GXO Logistics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 07/15/31 | 250000 | 184588 |
| &nbsp;&nbsp;&nbsp;1.65% due 07/15/26 | 175000 | 149831 |
| Garden Spinco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 07/20/30<sup>5</sup> | 300000 | 318000 |
| Service Corporation International |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/15/30 | 325000 | 264195 |
| Nathan's Famous, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 11/01/25<sup>5</sup> | 259000 | 251877 |
| Ingles Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/15/31<sup>5</sup> | 75000 | 63078 |
| Endo Dac / Endo Finance LLC / Endo Finco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;due 07/31/27<sup>5,7</sup> | 171000 | 23940 |
| **Total Consumer, Non-cyclical** |  | 21924785 |
| **Financial - 12.2%** |  |  |
| Hunt Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>5</sup> | 3150000 | 2647614 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/29<sup>5</sup> | 1475000 | 1173333 |
| &nbsp;&nbsp;&nbsp;5.75% due 06/15/27<sup>5</sup> | 1300000 | 1119159 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>5</sup> | 2500000 | 2039325 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 07/15/32<sup>5</sup> | 1275000 | 1104936 |
| &nbsp;&nbsp;&nbsp;4.88% due 09/15/29<sup>5</sup> | 530000 | 462266 |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/30<sup>5</sup> | 475000 | 412775 |
| NFP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 08/15/28<sup>5</sup> | 2213000 | 1824129 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 09/15/28 | 1225000 | 974144 |
| &nbsp;&nbsp;&nbsp;4.00% due 09/15/30 | 750000 | 559605 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>5</sup> | 875000 | 667866 |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/33<sup>5</sup> | 350000 | 261401 |
| HUB International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/01/26<sup>5</sup> | 575000 | 562919 |
| &nbsp;&nbsp;&nbsp;5.63% due 12/01/29<sup>5</sup> | 375000 | 327519 |
| Iron Mountain Information Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/32<sup>5</sup> | 1000000 | 830700 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 11/02/26 | 900000 | 765405 |
| USI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 05/01/25<sup>5</sup> | 775000 | 746592 |

---

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 78.3% (continued)** | | |
| **Financial - 12.2% (continued)** |  |  |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 01/15/27<sup>5</sup> | 825000 | $721937 |
| Jones Deslauriers Insurance Management, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 12/15/30<sup>5</sup> | 725000 | 714019 |
| Wilton Re Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 03/30/33<sup>3,5</sup> | 650000 | 643174 |
| Greystar Real Estate Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 12/01/25<sup>5</sup> | 625000 | 610783 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/31 | 650000 | 557570 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 02/01/61<sup>5</sup> | 750000 | 457500 |
| Kennedy-Wilson, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 03/01/29 | 575000 | 455714 |
| Cushman & Wakefield US Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/28<sup>5</sup> | 450000 | 429462 |
| AmWINS Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/30/29<sup>5</sup> | 275000 | 233240 |
| Home Point Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>5</sup> | 101000 | 69841 |
| **Total Financial** |  | 21372928 |
| **Industrial - 10.6%** |  |  |
| New Enterprise Stone & Lime Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 07/15/28<sup>5</sup> | 1725000 | 1593796 |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/28<sup>5</sup> | 675000 | 599380 |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/15/28<sup>5</sup> | 2500000 | 2053057 |
| Artera Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.03% due 12/04/25<sup>5</sup> | 2350000 | 1957762 |
| Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 02/01/26<sup>5</sup> | 2076000 | 1892577 |
| Mauser Packaging Solutions Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/24<sup>5</sup> | 1050000 | 1020964 |
| &nbsp;&nbsp;&nbsp;7.25% due 04/15/25<sup>5</sup> | 500000 | 462358 |
| &nbsp;&nbsp;&nbsp;8.50% due 04/15/24<sup>5</sup> | 175000 | 171493 |
| Great Lakes Dredge & Dock Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 06/01/29<sup>5</sup> | 1325000 | 1030055 |
| Standard Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/27<sup>5</sup> | 900000 | 830460 |
| Masonite International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 02/01/28<sup>5</sup> | 850000 | 785918 |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 06/15/32<sup>5</sup> | 750000 | 704434 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/01/32<sup>5</sup> | 100000 | 81073 |
| Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/15/30<sup>5</sup> | 900000 | 767250 |
| Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 03/15/28 | 700000 | 719019 |
| Arcosa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 04/15/29<sup>5</sup> | 700000 | 607026 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 03/15/26<sup>5</sup> | 500000 | 493095 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 06/15/27<sup>5</sup> | 500000 | 489473 |
| Howmet Aerospace, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.95% due 02/01/37 | 475000 | 461105 |
| Summit Materials LLC / Summit Materials Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/15/27<sup>5</sup> | 425000 | 416488 |
| Harsco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/31/27<sup>5</sup> | 500000 | 394783 |
| Stericycle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 07/15/24<sup>5</sup> | 375000 | 369409 |
| Advanced Drainage Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 06/15/30<sup>5</sup> | 375000 | 364373 |
| Pactiv Evergreen Group Issuer Incorporated/Pactiv Evergreen Group Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/27<sup>5</sup> | 300000 | 266130 |
| **Total Industrial** |  | 18531478 |
| **Energy - 8.5%** |  |  |
| NuStar Logistics, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 04/28/27 | 1585000 | 1482066 |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30 | 850000 | 785965 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/29<sup>5</sup> | 1275000 | 1062415 |
| &nbsp;&nbsp;&nbsp;4.63% due 05/01/30<sup>5</sup> | 1100000 | 910250 |
| Global Partners Limited Partnership / GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 08/01/26 | 1200000 | 1139552 |
| &nbsp;&nbsp;&nbsp;6.88% due 01/15/29 | 900000 | 824463 |
| CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 02/15/28<sup>5</sup> | 1725000 | 1501612 |
| &nbsp;&nbsp;&nbsp;5.25% due 02/15/25<sup>5</sup> | 250000 | 230000 |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 08/01/29<sup>5</sup> | 1875000 | 1579013 |
| Crestwood Midstream Partners Limited Partnership / Crestwood Midstream Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 05/01/27<sup>5</sup> | 1250000 | 1162500 |
| EnLink Midstream LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 09/01/30<sup>5</sup> | 925000 | 915473 |
| TransMontaigne Partners Limited Partnership / TLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 02/15/26 | 1000000 | 860000 |
| Holly Energy Partners Limited Partnership / Holly Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 04/15/27<sup>5</sup> | 825000 | 810556 |
| PDC Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 09/15/24 | 776000 | 771577 |
| Southwestern Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 02/01/29 | 425000 | 394000 |

---

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 78.3% (continued)** | | |
| **Energy - 8.5% (continued)** |  |  |
| Kinetik Holdings, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/15/30<sup>5</sup> | 350000 | $328224 |
| Basic Energy Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;due 10/15/23<sup>†††,7</sup> | 1175000 | 35250 |
| **Total Energy** |  | 14792916 |
| **Basic Materials - 8.2%** |  |  |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 07/15/28 | 2475000 | 2353799 |
| &nbsp;&nbsp;&nbsp;7.63% due 03/15/30 | 650000 | 651552 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/26<sup>5</sup> | 1650000 | 1398375 |
| Minerals Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/28<sup>5</sup> | 1547000 | 1377758 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 03/01/28<sup>5</sup> | 790000 | 689374 |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/31<sup>5</sup> | 725000 | 582719 |
| Clearwater Paper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 08/15/28<sup>5</sup> | 1375000 | 1208179 |
| SK Invictus Intermediate II Sarl |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/30/29<sup>5</sup> | 1350000 | 1107000 |
| WR Grace Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/15/27<sup>5</sup> | 1000000 | 886130 |
| Diamond BC BV |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 10/01/29<sup>5</sup> | 1050000 | 842625 |
| Compass Minerals International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 12/01/27<sup>5</sup> | 875000 | 840000 |
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.00% due 07/01/28<sup>5</sup> | 900000 | 753504 |
| Valvoline, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 06/15/31<sup>5</sup> | 600000 | 492318 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/15/30<sup>5</sup> | 250000 | 242530 |
| Ingevity Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 11/01/28<sup>5</sup> | 675000 | 580409 |
| Yamana Gold, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/15/27 | 256000 | 239635 |
| Mirabela Nickel Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;due 06/24/19<sup>†††,7,8</sup> | 278115 | 5562 |
| **Total Basic Materials** |  | 14251469 |
| **Consumer, Cyclical - 7.9%** |  |  |
| Crocs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 03/15/29<sup>5</sup> | 1769000 | 1498520 |
| JB Poindexter & Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/15/26<sup>5</sup> | 1225000 | 1182125 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/29<sup>5</sup> | 1025000 | 892463 |
| Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 01/20/26<sup>5</sup> | 950000 | 859750 |
| Wolverine World Wide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/15/29<sup>5</sup> | 1100000 | 833316 |
| CD&R Smokey Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 07/15/25<sup>5</sup> | 925000 | 793761 |
| Scotts Miracle-Gro Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/01/32 | 1050000 | 791385 |
| Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 03/01/30<sup>5</sup> | 875000 | 739112 |
| Tempur Sealy International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 10/15/31<sup>5</sup> | 875000 | 686897 |
| Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 09/15/29 | 500000 | 494180 |
| &nbsp;&nbsp;&nbsp;4.45% due 04/01/26 | 200000 | 188159 |
| Hanesbrands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 05/15/26<sup>5</sup> | 650000 | 580821 |
| Wabash National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/15/28<sup>5</sup> | 675000 | 574820 |
| Clarios Global, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/25<sup>5</sup> | 527000 | 528218 |
| Michaels Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 05/01/28<sup>5</sup> | 600000 | 482719 |
| Asbury Automotive Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/32<sup>5</sup> | 550000 | 452485 |
| Ferrellgas Limited Partnership / Ferrellgas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 04/01/26<sup>5</sup> | 475000 | 432082 |
| Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/31<sup>5</sup> | 500000 | 424991 |
| Superior Plus, LP |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 05/18/28<sup>5</sup> CAD | 550000 | 353515 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 08/15/26<sup>5</sup> | 350000 | 310006 |
| Six Flags Theme Parks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 07/01/25<sup>5</sup> | 215000 | 216465 |
| Penn Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/29<sup>5</sup> | 250000 | 197501 |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/01/27<sup>5</sup> | 200000 | 185468 |
| Yum! Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 01/15/30<sup>5</sup> | 200000 | 183500 |
| **Total Consumer, Cyclical** |  | 13882259 |
| **Utilities - 1.9%** |  |  |
| Terraform Global Operating, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 03/01/26<sup>5</sup> | 2630000 | 2465625 |
| AmeriGas Partners Limited Partnership / AmeriGas Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/20/25 | 625000 | 600515 |
| Clearway Energy Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 03/15/28<sup>5</sup> | 175000 | 161516 |
| **Total Utilities** |  | 3227656 |
| **Technology - 1.6%** |  |  |
| Boxer Parent Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 10/02/25<sup>5</sup> | 1025000 | 996824 |
| Qorvo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 04/01/31<sup>5</sup> | 1150000 | 923955 |
| Central Parent Incorporated / CDK Global Inc |  |  |
| &nbsp;&nbsp;&nbsp;7.25% due 06/15/29<sup>5</sup> | 700000 | 684685 |

---

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 78.3% (continued)** | | | |
| **Technology - 1.6% (continued)** |  |  |  |
| CDW LLC / CDW Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.57% due 12/01/31 |  | 300000 | $247211 |
| **Total Technology** |  |  | 2852675 |
| **Total Corporate Bonds** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $158,864,578) |  |  | 136942715 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 14.4%** |  |  |  |
| **Consumer, Cyclical - 3.4%** |  |  |  |
| First Brands Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.94% (3 Month Term SOFR + 5.00%, Rate Floor: 7.00%) due 03/30/27 |  | 1026935 | 969427 |
| Alexander Mann |  |  |  |
| &nbsp;&nbsp;&nbsp;8.46% (3 Month GBP SONIA + 5.00%, Rate Floor: 5.00%) due 06/16/25 | GBP | 749100 | 853514 |
| American Tire Distributors, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.61% (3 Month USD LIBOR + 6.25%, Rate Floor: 7.00%) due 10/20/28 |  | 870625 | 792269 |
| Holding SOCOTEC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 06/30/28 |  | 603900 | 566156 |
| ScribeAmerica Intermediate Holdco LLC (Healthchannels) |  |  |  |
| &nbsp;&nbsp;&nbsp;8.88% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 04/03/25 |  | 748956 | 518652 |
| FR Refuel LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.19% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/08/28 |  | 536825 | 512668 |
| Accuride Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.98% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 11/17/23 |  | 579500 | 485876 |
| Congruex Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.99% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 05/03/29 |  | 497328 | 482408 |
| Flutter Financing B.V. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.09% (3 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 07/24/28 |  | 299250 | 297547 |
| Sweetwater Sound |  |  |  |
| &nbsp;&nbsp;&nbsp;8.69% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 08/07/28 |  | 316867 | 293102 |
| WW International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.89% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 04/13/28 |  | 401625 | 226918 |
| **Total Consumer, Cyclical** |  |  | 5998537 |
| **Industrial - 3.1%** |  |  |  |
| Arcline FM Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.48% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 06/23/28 |  | 1505938 | 1428126 |
| Dispatch Terra Acquisition LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 03/27/28 |  | 1182617 | 993398 |
| Pelican Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.71% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 12/29/28 |  | 829608 | 738351 |
| Aegion Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 05/17/28 |  | 691249 | 643435 |
| PECF USS Intermediate Holding III Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.63% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 12/15/28 |  | 544997 | 452877 |
| ASP Dream Acquisiton Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 12/15/28 |  | 398000 | 382080 |
| Osmose Utility Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 06/23/28 |  | 320191 | 303439 |
| US Farathane LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 12/23/24 |  | 267667 | 240900 |
| Sundyne (Star US Bidco) |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 03/17/27 |  | 198469 | 188546 |
| YAK MAT (YAK ACCESS LLC) |  |  |  |
| &nbsp;&nbsp;&nbsp;13.64% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26 |  | 1025000 | 107625 |
| **Total Industrial** |  |  | 5478777 |
| **Consumer, Non-cyclical - 2.6%** |  |  |  |
| Quirch Foods Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.99% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 10/27/27<sup>†††</sup> |  | 955500 | 869505 |
| Blue Ribbon LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.12% (1 Month USD LIBOR + 6.00%, Rate Floor: 6.75%) due 05/08/28 |  | 1082872 | 802679 |
| Gibson Brands, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 08/11/28<sup>†††</sup> |  | 861300 | 628749 |
| Women's Care Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.87% (6 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 01/17/28 |  | 664660 | 620214 |

---

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 14.4% (continued)** | | | |
| **Consumer, Non-cyclical - 2.6% (continued)** |  |  |  |
| Moran Foods LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;11.73% (3 Month USD LIBOR + 7.00%, Rate Floor: 8.00%) due 04/01/24 |  | 311449 | $252274 |
| &nbsp;&nbsp;&nbsp;15.48% (3 Month USD LIBOR + 10.75%, Rate Floor: 11.75%) due 10/01/24 |  | 407847 | 236551 |
| &nbsp;&nbsp;&nbsp;1.00% (3 Month USD LIBOR - –%, Rate Floor: 1.00%) due 04/01/24 |  | 40545 | 32841 |
| Confluent Health LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 11/30/28 |  | 458671 | 388343 |
| Kronos Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.51% (3 Month Term SOFR + 6.00%, Rate Floor: 7.00%) due 12/22/26 |  | 296250 | 285141 |
| Florida Food Products LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.38% (1 Month USD LIBOR + 5.00%, Rate Floor: 5.75%) due 10/18/28 |  | 223313 | 203214 |
| TGP Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 06/29/28 |  | 221198 | 175852 |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 06/29/28 |  | 14293 | 11363 |
| **Total Consumer, Non-cyclical** |  |  | 4506726 |
| **Technology - 1.8%** |  |  |  |
| Datix Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.69% (6 Month GBP SONIA + 4.50%, Rate Floor: 5.19%) due 04/28/25<sup>†††</sup> | GBP | 1300000 | 1534949 |
| &nbsp;&nbsp;&nbsp;9.94% (6 Month GBP SONIA + 7.75%, Rate Floor: 8.44%) due 04/27/26<sup>†††</sup> | GBP | 650000 | 769675 |
| Atlas CC Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 05/25/28 |  | 566375 | 474543 |
| 24-7 Intouch, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 08/25/25 |  | 267902 | 247139 |
| Park Place Technologies, LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.42% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 11/10/27 |  | 168538 | 158355 |
| **Total Technology** |  |  | 3184661 |
| **Financial - 1.7%** |  |  |  |
| Franchise Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.69% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 03/10/26 |  | 938947 | 901389 |
| Claros Mortgage Trust, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 08/10/26 |  | 907830 | 895348 |
| Avison Young (Canada), Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.19% (1 Month Term SOFR + 5.75%, Rate Floor: 5.75%) due 01/31/26 |  | 528000 | 432960 |
| Eisner Advisory Group |  |  |  |
| &nbsp;&nbsp;&nbsp;9.69% (1 Month Term SOFR + 5.25%, Rate Floor: 6.00%) due 07/28/28 |  | 444377 | 417715 |
| Teneo Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.67% (1 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 07/11/25 |  | 321239 | 308389 |
| **Total Financial** |  |  | 2955801 |
| **Basic Materials - 1.2%** |  |  |  |
| LTI Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 07/24/26 |  | 745262 | 709862 |
| Ascend Performance Materials Operations LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.83% (6 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 08/27/26 |  | 641765 | 602778 |
| NIC Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 12/29/27 |  | 738850 | 531233 |
| DCG Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 09/30/26 |  | 248737 | 233813 |
| **Total Basic Materials** |  |  | 2077686 |
| **Communications - 0.3%** |  |  |  |
| Cengage Learning Acquisitions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.81% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 07/14/26 |  | 617188 | 553735 |
| **Utilities - 0.2%** |  |  |  |
| TerraForm Power Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.43% (3 Month Term SOFR + 2.75%, Rate Floor: 3.25%) due 05/21/29 |  | 248750 | 246573 |
| **Energy - 0.1%** |  |  |  |
| Permian Production Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;12.39% (1 Month USD LIBOR + 6.00%, Rate Floor: 10.39%) (in-kind rate was 2.00%) due 11/24/25<sup>†††,9</sup> |  | 115168 | 114592 |
| **Total Senior Floating Rate Interests** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $28,878,962) |  |  | 25117088 |

---

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 0.6%** | | |
| **Collateralized Loan Obligations - 0.4%** |  |  |
| WhiteHorse X Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2015-10A E, 9.38% (3 Month USD LIBOR + 5.30%, Rate Floor: 5.30%) due 04/17/27<sup>◊,5</sup> | 753007 | $705417 |
| **Infrastructure - 0.2%** |  |  |
| Hotwire Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 4.46% due 11/20/51<sup>5</sup> | 400000 | 326102 |
| **Total Asset-Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,072,382) |  | 1031519 |
| **Total Investments - 99.3%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $200,568,068) |  | $173624921 |
| **Other Assets & Liabilities, net - 0.7%** |  | 1245589 |
| **Total Net Assets - 100.0%** |  | $174870510 |

---

**Forward Foreign Currency Exchange Contracts<sup>††</sup>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | **Settlement Date** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)** |
| Barclays Bank plc | GBP | Sell | 2659000 | 3,295,192 USD | 01/17/23 | $79512 |
| Bank of America, N.A. | CAD | Sell | 475000 | 350,455 USD | 01/17/23 | (501) |
| Barclays Bank plc | EUR | Sell | 622000 | 662,645 USD | 01/17/23 | (4162) |
|  |  |  |  |  |  | $74849 |

---

---

| | |
|:---|:---|
| *<sup>~</sup>* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |

---

*<sup>\*</sup>* *Non-income producing security.*

*<sup>†</sup>* *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.*

*<sup>††</sup>* *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.*

*<sup>†††</sup>* *Value determined based on Level 3 inputs — See Note 3.*

---

| | |
|:---|:---|
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |

---

*<sup>1</sup>* *Special Purpose Acquisition Company (SPAC).*

*<sup>2</sup>* *Affiliated issuer.*

*<sup>3</sup>* *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.*

*<sup>4</sup>* *Rate indicated is the 7-day yield as of December 31, 2022.*

*<sup>5</sup>* *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $117,319,786 (cost $135,258,277), or 67.1% of total net assets.*

*<sup>6</sup>* *All or a portion of this security has been physically segregated or earmarked in connection with reverse repurchase agreements. At December 31, 2022, the total market value of segregated or earmarked securities was $1,845,211 — See Note 2.*

*<sup>7</sup>* *Security is in default of interest and/or principal obligations.*

*<sup>8</sup>* *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $5,562 (cost $252,369), or less than 0.01% of total net assets — See Note 6.*

*<sup>9</sup>* *Payment-in-kind security.*

*CAD — Canadian Dollar* 

*EUR — Euro* 

*GBP — British Pound* 

*LIBOR — London Interbank Offered Rate* 

*plc — Public Limited Company* 

*SARL — Société à Responsabilité Limitée* 

*SOFR — Secured Overnight Financing Rate* 

*SONIA — Sterling Overnight Index Average*

 

*See Sector Classification in Other Information section.*

---

| | |
|:---|:---|
| **High Yield Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

 

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $845542 | $753738 | $103749 | $1703029 |
| Preferred Stocks |  | 3707946 | — \* | 3707946 |
| Warrants | 1566 |  |  | 1566 |
| Money Market Fund | 5121058 |  |  | 5121058 |
| Corporate Bonds |  | 136390637 | 552078 | 136942715 |
| Senior Floating Rate Interests |  | 21199618 | 3917470 | 25117088 |
| Asset-Backed Securities |  | 1031519 |  | 1031519 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 79512 |  | 79512 |
| Total Assets | $5968166 | $163162970 | $4573297 | $173704433 |
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3 <br> Significant <br> Unobservable <br> Inputs** | **Total** |
| Forward Foreign Currency Exchange Contracts\*\* | $— | $4663 | $— | $4663 |
| Unfunded Loan Commitments (Note 5) |  |  | 8803 | 8803 |
| Total Liabilities | $— | $4663 | $8803 | $13466 |

---

*<sup>\*</sup>* *Security has a market value of $0.*

*<sup>\*\*</sup>* *This derivative is reported as unrealized appreciation/depreciation at period end.*

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $1,449,132 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at December 31, 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Common Stocks | $97012 | &nbsp;&nbsp;&nbsp;Enterprise Value | Valuation Multiple | 2.7x-11.8x | 3.2x |
| Common Stocks | 6737 | &nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Corporate Bonds | 511266 | &nbsp;&nbsp;&nbsp;Third Party Pricing | Vendor Price |  |  |
| Corporate Bonds | 40812 | &nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | 1612846 | &nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | 2304624 | &nbsp;&nbsp;&nbsp;Yield Analysis | Yield | 10.2%-13.3% | 11.2% |
| Total Assets | $4573297 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $8803 | &nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |

---

\* *Inputs are weighted by the fair value of the instruments.*

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had securities with a total value of $516,828 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $5,823,549 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | | **Liabilities** |
| | **Corporate Bonds** | **Senior Floating Rate Interests** | **Common Stocks** |<br>**Total Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $378860 | $12689191 | $130253 | $13198304 | $(12748) |
| Purchases/(Receipts) |  | 28567 | 10738 | 39305 |  |
| (Sales, maturities and paydowns)/Fundings |  | (3220304) | (34485) | (3254789) | 1611 |
| Amortization of premiums/discounts |  | 22328 |  | 22328 | (314) |
| Total realized gains (losses) included in earnings |  | (96142) | 30129 | (66013) | 116 |
| Total change in unrealized appreciation (depreciation) included in earnings | 9905 | (36136) | (32886) | (59117) | 2532 |
| Transfers into Level 3 | 516828 |  |  | 516828 |  |
| Transfers out of Level 3 | (353515) | (5470034) | - | (5823549) | - |
| &nbsp;&nbsp;&nbsp;Ending Balance | $552078 | $3917470 | $103749 | $4573297 | $(8803) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2022 | $2938 | $105777 | $(4987) | $103728 | $2532 |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated issuer, as defined in the 1940 Act.

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value 09/30/22** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 12/31/22** | **Shares 12/31/22** |
| **Common Stocks** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BP Holdco LLC<sup>\*</sup> | $14378 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $– | $– | $– | $14378 | 23711 |
| &nbsp;&nbsp;&nbsp;Targus Group International Equity, Inc.<sup>\*</sup> | 32255 | – | (34485) | 30129 | (27899) | – | – |
|  | $46633 | $– | $(34485) | $30129 | $(27899) | $14378 |  |

---

*\** *Non-income producing security.*

---

| | |
|:---|:---|
| **Large Cap Value Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 93.5%** | | |
| **Consumer, Non-cyclical - 22.2%** |  |  |
| Johnson & Johnson | 5891 | $1040645 |
| Humana, Inc. | 1783 | 913235 |
| Quest Diagnostics, Inc. | 4551 | 711958 |
| Tyson Foods, Inc. — Class A | 11064 | 688734 |
| Merck & Company, Inc. | 5702 | 632637 |
| Archer-Daniels-Midland Co. | 6608 | 613553 |
| Ingredion, Inc. | 5963 | 583957 |
| J M Smucker Co. | 3422 | 542250 |
| Medtronic plc | 6416 | 498651 |
| Bunge Ltd. | 4570 | 455949 |
| Henry Schein, Inc.<sup>\*</sup> | 5653 | 451505 |
| Encompass Health Corp. | 6123 | 366217 |
| HCA Healthcare, Inc. | 1346 | 322986 |
| Moderna, Inc.<sup>\*</sup> | 1739 | 312359 |
| Pfizer, Inc. | 5946 | 304673 |
| McKesson Corp. | 794 | 297846 |
| Bristol-Myers Squibb Co. | 3336 | 240025 |
| Euronet Worldwide, Inc.<sup>\*</sup> | 2372 | 223869 |
| **Total Consumer, Non-cyclical** |  | 9201049 |
| **Financial - 15.5%** |  |  |
| JPMorgan Chase & Co. | 9980 | 1338318 |
| Berkshire Hathaway, Inc. — Class B<sup>\*</sup> | 3695 | 1141386 |
| Bank of America Corp. | 28931 | 958195 |
| Charles Schwab Corp. | 6546 | 545020 |
| Wells Fargo & Co. | 12050 | 497545 |
| Mastercard, Inc. — Class A | 1295 | 450310 |
| Goldman Sachs Group, Inc. | 1059 | 363639 |
| Voya Financial, Inc. | 5223 | 321162 |
| Gaming and Leisure Properties, Inc. REIT | 4284 | 223154 |
| STAG Industrial, Inc. REIT | 6837 | 220903 |
| American Tower Corp. — Class A REIT | 971 | 205716 |
| T. Rowe Price Group, Inc. | 1638 | 178640 |
| **Total Financial** |  | 6443988 |
| **Energy - 9.6%** |  |  |
| Chevron Corp. | 6700 | 1202583 |
| ConocoPhillips | 6696 | 790128 |
| Coterra Energy, Inc. — Class A | 17152 | 421425 |
| Pioneer Natural Resources Co. | 1695 | 387121 |
| Diamondback Energy, Inc. | 2535 | 346737 |
| Kinder Morgan, Inc. | 18532 | 335059 |
| Marathon Oil Corp. | 12079 | 326978 |
| Equities Corp. | 5018 | 169759 |
| **Total Energy** |  | 3979790 |
| **Utilities - 8.6%** |  |  |
| OGE Energy Corp. | 19951 | 789062 |
| Edison International | 8141 | 517930 |
| Exelon Corp. | 11707 | 506094 |
| Pinnacle West Capital Corp. | 6376 | 484831 |
| Duke Energy Corp. | 3752 | 386418 |
| Black Hills Corp. | 5047 | 355006 |
| NiSource, Inc. | 12480 | 342202 |
| PPL Corp. | 6676 | 195073 |
| **Total Utilities** |  | 3576616 |
| **Industrial - 8.4%** |  |  |
| Curtiss-Wright Corp. | 3913 | 653432 |
| Johnson Controls International plc | 8932 | 571648 |
| Knight-Swift Transportation Holdings, Inc. | 9555 | 500778 |
| Valmont Industries, Inc. | 1384 | 457647 |
| L3Harris Technologies, Inc. | 2153 | 448276 |
| FedEx Corp. | 2144 | 371341 |
| Teledyne Technologies, Inc.<sup>\*</sup> | 710 | 283936 |
| Advanced Energy Industries, Inc. | 2506 | 214965 |
| **Total Industrial** |  | 3502023 |
| **Communications - 8.2%** |  |  |
| Verizon Communications, Inc. | 18704 | 736937 |
| Alphabet, Inc. — Class A<sup>\*</sup> | 8073 | 712281 |
| Comcast Corp. — Class A | 12661 | 442755 |
| Cisco Systems, Inc. | 8837 | 420995 |
| Walt Disney Co.<sup>\*</sup> | 4030 | 350126 |
| Fox Corp. — Class B | 9888 | 281314 |
| Juniper Networks, Inc. | 8031 | 256671 |
| T-Mobile US, Inc.<sup>\*</sup> | 1466 | 205240 |
| **Total Communications** |  | 3406319 |
| **Technology - 7.9%** |  |  |
| Micron Technology, Inc. | 13267 | 663085 |
| Microsoft Corp. | 2281 | 547029 |
| KLA Corp. | 1291 | 486746 |
| Leidos Holdings, Inc. | 4450 | 468095 |
| Teradyne, Inc. | 4240 | 370364 |
| Fiserv, Inc.<sup>\*</sup> | 3397 | 343335 |
| Amdocs Ltd. | 3001 | 272791 |
| MACOM Technology Solutions Holdings, Inc.<sup>\*</sup> | 1783 | 112293 |
| **Total Technology** |  | 3263738 |
| **Consumer, Cyclical - 6.7%** |  |  |
| Walmart, Inc. | 4802 | 680876 |
| PACCAR, Inc. | 3884 | 384400 |
| Delta Air Lines, Inc.<sup>\*</sup> | 11162 | 366783 |
| Whirlpool Corp. | 2259 | 319558 |
| Southwest Airlines Co. | 9056 | 304916 |
| Home Depot, Inc. | 947 | 299119 |
| Ralph Lauren Corp. — Class A | 2214 | 233953 |
| PVH Corp. | 2805 | 198005 |
| **Total Consumer, Cyclical** |  | 2787610 |
| **Basic Materials - 6.4%** |  |  |
| Westlake Corp. | 6132 | 628775 |
| Huntsman Corp. | 20921 | 574909 |
| Reliance Steel & Aluminum Co. | 1872 | 378968 |
| Freeport-McMoRan, Inc. | 9948 | 378024 |
| Nucor Corp. | 2686 | 354041 |
| International Flavors & Fragrances, Inc. | 1327 | 139123 |
| Dow, Inc. | 2118 | 106726 |
| DuPont de Nemours, Inc. | 1392 | 95533 |
| **Total Basic Materials** |  | 2656099 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $32,208,372) |  | 38817232 |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 3.8%** |  |  |
| iShares Russell 1000 Value ETF | 10524 | 1595964 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,527,011) |  | 1595964 |

---

---

| | |
|:---|:---|
| **Large Cap Value Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **MONEY MARKET FUND<sup>†</sup> - 2.7%** | **MONEY MARKET FUND<sup>†</sup> - 2.7%** | **MONEY MARKET FUND<sup>†</sup> - 2.7%** |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>1</sup> | 1126976 | $1126976 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,126,976) |  | 1126976 |
| **Total Investments - 100.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $34,862,359) |  | $41540172 |
| **Other Assets & Liabilities, net - 0.0%** |  | (227) |
| **Total Net Assets - 100.0%** |  | $41539945 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | <br> *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>1</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*plc — Public Limited Company* <br> *REIT — Real Estate Investment Trust*

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $38817232 | $— | $— | $38817232 |
| Exchange-Traded Funds | 1595964 |  |  | 1595964 |
| Money Market Fund | 1126976 |  |  | 1126976 |
| Total Assets | $41540172 | $— | $— | $41540172 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 0.2%** | **COMMON STOCKS<sup>†</sup> - 0.2%** | **COMMON STOCKS<sup>†</sup> - 0.2%** |
| **Financial - 0.2%** | **Financial - 0.2%** | **Financial - 0.2%** |
| TPG Pace Beneficial II Corp.<sup>\*,1</sup> | 148829 | $1462245 |
| MSD Acquisition Corp. — Class A<sup>\*,1</sup> | 136871 | 1382397 |
| AfterNext HealthTech Acquisition Corp. — Class A<sup>\*,1</sup> | 135000 | 1352700 |
| Conyers Park III Acquisition Corp. — Class A<sup>\*,1</sup> | 125300 | 1235458 |
| Waverley Capital Acquisition Corp. 1 — Class A<sup>\*,1</sup> | 99000 | 991980 |
| Acropolis Infrastructure Acquisition Corp. — Class A<sup>\*,1</sup> | 86600 | 858206 |
| Blue Whale Acquisition Corp. I — Class A<sup>\*,1</sup> | 72300 | 707817 |
| **Total Financial** |  | 7990803 |
| **Communications - 0.0%** |  |  |
| Figs, Inc. — Class A<sup>\*</sup> | 43750 | 294437 |
| Vacasa, Inc. — Class A<sup>\*</sup> | 81407 | 102573 |
| **Total Communications** |  | 397010 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $9,572,667) |  | 8387813 |
| **PREFERRED STOCKS<sup>††</sup> - 0.6%** |  |  |
| **Financial - 0.6%** |  |  |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.90%<sup>\*</sup> | 12100000 | 10590706 |
| Markel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.00%<sup>\*</sup> | 7210000 | 6975675 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.85%<sup>\*</sup> | 4620000 | 4290825 |
| American Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/60 | 102052 | 1897147 |
| First Republic Bank |  |  |
| &nbsp;&nbsp;&nbsp;4.13% | 61950 | 991200 |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.95% | 8000 | 160880 |
| **Total Financial** |  | 24906433 |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $28,213,425) |  | 24906433 |
| **WARRANTS<sup>†</sup> - 0.0%** |  |  |
| Conyers Park III Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/12/28<sup>\*,1</sup> | 41766 | 6223 |
| Ginkgo Bioworks Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/01/26<sup>\*</sup> | 19663 | 3933 |
| Acropolis Infrastructure Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 03/31/26<sup>\*,1</sup> | 28866 | 3464 |
| AfterNext HealthTech Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 45000 | 3375 |
| MSD Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 05/13/23<sup>\*,1</sup> | 27374 | 2053 |
| Waverley Capital Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 04/30/27<sup>\*,††,1</sup> | 33000 | 1323 |

---

---

| | | |
|:---|:---|:---|
| Blue Whale Acquisition Corp. I — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 18074 | 1288 |
| **Total Warrants** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $275,213) |  | 21659 |
| **MUTUAL FUNDS<sup>†</sup> - 2.2%** |  |  |
| Guggenheim Strategy Fund III<sup>3</sup> | 1237343 | 29770468 |
| Guggenheim Strategy Fund II<sup>3</sup> | 1234878 | 29686466 |
| Guggenheim Ultra Short Duration Fund — Institutional Class<sup>3</sup> | 3007023 | 28987701 |
| **Total Mutual Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $90,303,554) |  | 88444635 |
| **MONEY MARKET FUNDS<sup>†</sup> - 2.4%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>4</sup> | 87508683 | 87508682 |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.17%<sup>4</sup> | 8745763 | 8745763 |
| **Total Money Market Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $96,254,445) |  | 96254445 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | |
| **CORPORATE BONDS<sup>††</sup> - 37.0%** | | |
| **Financial - 16.4%** |  |  |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;4.41% (SOFR Compounded Index + 0.72%) due 01/07/25<sup>◊,5</sup> | 30000000 | 29192014 |
| &nbsp;&nbsp;&nbsp;1.99% due 08/19/28<sup>5</sup> | 15850000 | 12752474 |
| &nbsp;&nbsp;&nbsp;1.73% due 10/02/26<sup>5</sup> | 14700000 | 12620501 |
| F&G Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;0.90% due 09/20/24<sup>5</sup> | 42100000 | 38470151 |
| &nbsp;&nbsp;&nbsp;1.75% due 06/30/26<sup>5</sup> | 14250000 | 12687708 |
| Societe Generale S.A. |  |  |
| &nbsp;&nbsp;&nbsp;1.79% due 06/09/27<sup>2,5</sup> | 28000000 | 24091483 |
| &nbsp;&nbsp;&nbsp;1.49% due 12/14/26<sup>2,5</sup> | 10500000 | 9126214 |
| &nbsp;&nbsp;&nbsp;3.88% due 03/28/24<sup>5</sup> | 350000 | 341855 |
| GA Global Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;1.95% due 09/15/28<sup>5</sup> | 16600000 | 13764717 |
| &nbsp;&nbsp;&nbsp;2.25% due 01/06/27<sup>5</sup> | 15000000 | 13203404 |
| &nbsp;&nbsp;&nbsp;1.63% due 01/15/26<sup>5</sup> | 7300000 | 6481093 |
| Macquarie Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;1.63% due 09/23/27<sup>2,5</sup> | 16750000 | 14267502 |
| &nbsp;&nbsp;&nbsp;1.20% due 10/14/25<sup>2,5</sup> | 13550000 | 12434715 |
| Equitable Financial Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.40% due 07/07/25<sup>5</sup> | 15000000 | 13601509 |
| &nbsp;&nbsp;&nbsp;1.80% due 03/08/28<sup>5</sup> | 12000000 | 9981770 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;1.34% due 06/24/26<sup>2,5</sup> | 15000000 | 13486948 |
| &nbsp;&nbsp;&nbsp;1.98% due 12/15/27<sup>2,5</sup> | 10000000 | 8691912 |
| Reliance Standard Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 05/07/25<sup>5</sup> | 20850000 | 19570630 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.0% (continued)** | | |
| **Financial - 16.4% (continued)** |  |  |
| Pershing Square Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 10/01/31 | 25600000 | $19257344 |
| BNP Paribas S.A. |  |  |
| &nbsp;&nbsp;&nbsp;1.32% due 01/13/27<sup>2,5</sup> | 21350000 | 18660452 |
| &nbsp;&nbsp;&nbsp;2.22% due 06/09/26<sup>2,5</sup> | 400000 | 367255 |
| Citizens Bank North America/Providence RI |  |  |
| &nbsp;&nbsp;&nbsp;2.25% due 04/28/25 | 20000000 | 18630469 |
| American International Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 06/30/25 | 17754000 | 16713616 |
| Credit Agricole S.A. |  |  |
| &nbsp;&nbsp;&nbsp;1.25% due 01/26/27<sup>2,5</sup> | 17950000 | 15698005 |
| &nbsp;&nbsp;&nbsp;1.91% due 06/16/26<sup>2,5</sup> | 400000 | 364610 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;4.78% (SOFR Compounded Index + 0.96%) due 03/11/24<sup>◊</sup> | 14250000 | 14227380 |
| Ares Finance Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/08/24<sup>5</sup> | 14617000 | 13951454 |
| Jackson National Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 01/12/25<sup>5</sup> | 15000000 | 13921289 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 02/14/25<sup>5</sup> | 7600000 | 7123571 |
| &nbsp;&nbsp;&nbsp;2.63% due 01/15/27 | 7400000 | 6177780 |
| Regions Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.25% due 05/18/25 | 14000000 | 13083152 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;1.47% due 09/22/27<sup>2</sup> | 15000000 | 12986445 |
| CNO Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 10/07/26<sup>5</sup> | 14400000 | 12625766 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 10/15/26<sup>5</sup> | 10800000 | 9257354 |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>5</sup> | 4100000 | 3129429 |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/15/27 | 13075000 | 12380651 |
| ABN AMRO Bank N.V. |  |  |
| &nbsp;&nbsp;&nbsp;1.54% due 06/16/27<sup>2,5</sup> | 14000000 | 12040566 |
| Fidelity & Guaranty Life Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/01/25<sup>5</sup> | 11450000 | 11281753 |
| Deloitte LLP |  |  |
| &nbsp;&nbsp;&nbsp;4.35% due 11/17/23<sup>†††</sup> | 7300000 | 7184295 |
| &nbsp;&nbsp;&nbsp;3.46% due 05/07/27<sup>†††</sup> | 4500000 | 4094010 |
| American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.60% due 04/15/26 | 12500000 | 11113608 |
| CBS Studio Center |  |  |
| &nbsp;&nbsp;&nbsp;6.81% (30 Day Average SOFR + 3.00%, Rate Floor: 3.00%) due 01/09/24<sup>◊,†††</sup> | 10000000 | 10100000 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 09/15/27<sup>5</sup> | 7360000 | 6768256 |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/28<sup>5</sup> | 3085000 | 2770887 |

---

---

| | | |
|:---|:---|:---|
| Essex Portfolio, LP |  |  |
| &nbsp;&nbsp;&nbsp;1.70% due 03/01/28 | 10450000.0 | 8698864.0 |
| ING Groep N.V. |  |  |
| &nbsp;&nbsp;&nbsp;1.73% due 04/01/27<sup>2</sup> | 9800000.0 | 8648292.0 |
| Apollo Management Holdings, LP |  |  |
| &nbsp;&nbsp;&nbsp;4.40% due 05/27/26<sup>5</sup> | 7115000.0 | 6730526.0 |
| &nbsp;&nbsp;&nbsp;4.00% due 05/30/24<sup>5</sup> | 1846000.0 | 1790807.0 |
| BPCE S.A. |  |  |
| &nbsp;&nbsp;&nbsp;1.65% due 10/06/26<sup>2,5</sup> | 9500000.0 | 8442511.0 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 01/15/27 | 7050000.0 | 5837189.0 |
| &nbsp;&nbsp;&nbsp;6.13% due 03/15/24 | 1500000.0 | 1450905.0 |
| &nbsp;&nbsp;&nbsp;7.13% due 03/15/26 | 50000.0 | 47544.0 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;2.19% due 04/28/26<sup>2</sup> | 7000000.0 | 6504857.0 |
| &nbsp;&nbsp;&nbsp;3.77% due 01/24/29<sup>2</sup> | 361000.0 | 330587.0 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 04/01/25 | 6900000.0 | 6635333.0 |
| First American Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/15/30 | 7860000.0 | 6582451.0 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/15/29<sup>5</sup> | 4450000.0 | 3871945.0 |
| &nbsp;&nbsp;&nbsp;4.63% due 11/15/27<sup>5</sup> | 2000000.0 | 1868162.0 |
| KKR Group Finance Company VI LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 07/01/29<sup>5</sup> | 6355000.0 | 5714944.0 |
| SLM Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 11/02/26 | 6643000.0 | 5649538.0 |
| SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 02/01/29 | 6500000.0 | 5404685.0 |
| Belrose Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.33% due 08/15/30<sup>5</sup> | 7100000.0 | 5376736.0 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 12/31/24<sup>5</sup> | 5375000.0 | 5047208.0 |
| Brighthouse Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;4.50% (SOFR + 0.76%) due 04/12/24<sup>◊,5</sup> | 5050000.0 | 5000912.0 |
| Horace Mann Educators Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 12/01/25 | 4420000.0 | 4235727.0 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 11/15/25<sup>5</sup> | 3880000.0 | 3494405.0 |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/29<sup>5</sup> | 275000.0 | 218757.0 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>5</sup> | 4300000.0 | 3507639.0 |
| Peachtree Corners Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.98% due 02/15/25<sup>5</sup> | 3450000.0 | 3330215.0 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.85% due 04/17/28 | 3100000.0 | 2929780.0 |
| Hunt Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>5</sup> | 3250000.0 | 2731665.0 |
| CNA Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/01/26 | 2298000.0 | 2258877.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.0% (continued)** | | |
| **Financial - 16.4% (continued)** |  |  |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.35% due 04/20/28 | 1700000 | $1619700 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.90% due 01/25/28 | 1400000 | 1283668 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 05/30/25 | 1200000 | 1190481 |
| Trinity Acquisition plc |  |  |
| &nbsp;&nbsp;&nbsp;4.40% due 03/15/26 | 881000 | 854576 |
| Newmark Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 11/15/23 | 775000 | 767647 |
| Old Republic International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 08/26/26 | 700000 | 662685 |
| Equinix, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.55% due 03/15/28 | 700000 | 578561 |
| RenaissanceRe Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 04/01/25 | 400000 | 387355 |
| Greystar Real Estate Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 12/01/25<sup>5</sup> | 350000 | 342039 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.90% due 03/27/28 | 350000 | 335290 |
| PNC Bank North America |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 04/10/25 | 150000 | 145883 |
| **Total Financial** |  | 669184943 |
| **Consumer, Non-cyclical - 5.3%** |  |  |
| Triton Container International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;1.15% due 06/07/24<sup>5</sup> | 26000000 | 24045251 |
| &nbsp;&nbsp;&nbsp;0.80% due 08/01/23<sup>5</sup> | 14550000 | 14041756 |
| &nbsp;&nbsp;&nbsp;2.05% due 04/15/26<sup>5</sup> | 1800000 | 1564339 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 05/15/30 | 31000000 | 25400388 |
| Baxter International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.92% due 02/01/27 | 15500000 | 13742101 |
| GXO Logistics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.65% due 07/15/26 | 15000000 | 12842657 |
| CoStar Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 07/15/30<sup>5</sup> | 15280000 | 12479018 |
| Laboratory Corporation of America Holdings |  |  |
| &nbsp;&nbsp;&nbsp;1.55% due 06/01/26 | 13700000 | 12133666 |
| BAT International Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;1.67% due 03/25/26 | 13000000 | 11518708 |
| Element Fleet Management Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.60% due 04/06/24<sup>5</sup> | 10250000 | 9710011 |
| Prime Security Services Borrower LLC / Prime Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/31/27<sup>5</sup> | 11200000 | 9667668 |
| PRA Health Sciences, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 07/15/26<sup>5</sup> | 10280000 | 9303946 |
| JBS USA LUX S.A. / JBS USA Food Company / JBS USA Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 02/01/28<sup>5</sup> | 8000000 | 7578981 |

---

---

| | | |
|:---|:---|:---|
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.35% due 05/06/25 | 8000000.0 | 7535297 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 06/01/26 | 7600000.0 | 6789840 |
| Spectrum Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/15/25 | 6780000.0 | 6703279 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 04/02/27 | 4220000.0 | 4045254 |
| &nbsp;&nbsp;&nbsp;3.56% due 08/15/27 | 2000000.0 | 1827124 |
| US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 04/15/25<sup>5</sup> | 3750000.0 | 3710749 |
| &nbsp;&nbsp;&nbsp;4.75% due 02/15/29<sup>5</sup> | 1011000.0 | 897687 |
| Royalty Pharma plc |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 09/02/27 | 5150000.0 | 4358926 |
| Olympus Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.14% due 12/08/26<sup>5</sup> | 4350000.0 | 3846124 |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>5</sup> | 3086000.0 | 2482461 |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>5</sup> | 784000.0 | 585138 |
| FAGE International S.A. / FAGE USA Dairy Industry, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 08/15/26<sup>5</sup> | 2828000.0 | 2623366 |
| Bunge Limited Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.63% due 08/17/25 | 1900000.0 | 1730198 |
| Molina Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 06/15/28<sup>5</sup> | 1115000.0 | 1017538 |
| Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 07/15/28<sup>5</sup> | 1050000.0 | 954072 |
| IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 05/15/27<sup>5</sup> | 850000.0 | 810305 |
| Edwards Lifesciences Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 06/15/28 | 420000.0 | 401521 |
| Zimmer Biomet Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.05% due 01/15/26 | 400000.0 | 377151 |
| Service Corporation International |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/15/30 | 450000.0 | 365808 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/01/25<sup>5</sup> | 343000.0 | 329637 |
| Smithfield Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 02/01/27<sup>5</sup> | 350000.0 | 322262 |
| Performance Food Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 10/15/27<sup>5</sup> | 100000.0 | 94317 |
| **Total Consumer, Non-cyclical** |  | 215836544 |
| **Industrial - 4.7%** |  |  |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 05/01/25 | 50500000.0 | 50113323 |
| &nbsp;&nbsp;&nbsp;2.20% due 02/04/26 | 10450000.0 | 9494479 |
| CNH Industrial Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;1.45% due 07/15/26 | 12500000.0 | 11016329 |
| &nbsp;&nbsp;&nbsp;1.88% due 01/15/26 | 4960000.0 | 4497694 |
| Berry Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.57% due 01/15/26 | 11750000.0 | 10467085 |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/26<sup>5</sup> | 5165000.0 | 4972633 |
| Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.57% due 10/15/26<sup>5</sup> | 16450000.0 | 14204583 |
| TD SYNNEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.25% due 08/09/24 | 14400000.0 | 13373849 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.0% (continued)** | | |
| **Industrial - 4.7% (continued)** |  |  |
| Silgan Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.40% due 04/01/26<sup>5</sup> | 12600000 | $11116377 |
| Teledyne Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.25% due 04/01/28 | 12000000 | 10332328 |
| Ryder System, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 09/01/25 | 10600000 | 10063226 |
| Vontier Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.80% due 04/01/26 | 7050000 | 5957598 |
| &nbsp;&nbsp;&nbsp;2.40% due 04/01/28 | 3900000 | 3116239 |
| Penske Truck Leasing Company LP / PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.45% due 01/29/26<sup>5</sup> | 5475000 | 5269121 |
| &nbsp;&nbsp;&nbsp;4.20% due 04/01/27<sup>5</sup> | 500000 | 469129 |
| Graphic Packaging International LLC |  |  |
| &nbsp;&nbsp;&nbsp;1.51% due 04/15/26<sup>5</sup> | 6500000 | 5669996 |
| IP Lending V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 04/02/26<sup>†††,5</sup> | 3900000 | 3578250 |
| Jabil, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.70% due 04/15/26 | 3800000 | 3367355 |
| GATX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.85% due 03/30/27 | 2900000 | 2707176 |
| &nbsp;&nbsp;&nbsp;3.50% due 03/15/28 | 200000 | 181466 |
| Standard Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 01/15/28<sup>5</sup> | 2671000 | 2403606 |
| Weir Group plc |  |  |
| &nbsp;&nbsp;&nbsp;2.20% due 05/13/26<sup>5</sup> | 2610000 | 2314668 |
| Xylem, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.95% due 01/30/28 | 2050000 | 1762931 |
| Mueller Water Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/15/29<sup>5</sup> | 1300000 | 1142375 |
| Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 02/01/26<sup>5</sup> | 800000 | 729317 |
| JELD-WEN, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 05/15/25<sup>5</sup> | 535000 | 500409 |
| Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/15/30<sup>5</sup> | 350000 | 298375 |
| &nbsp;&nbsp;&nbsp;5.63% due 07/01/27<sup>5</sup> | 100000 | 94866 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/29<sup>5</sup> | 451000 | 357430 |
| Summit Materials LLC / Summit Materials Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 01/15/29<sup>5</sup> | 275000 | 256032 |
| &nbsp;&nbsp;&nbsp;6.50% due 03/15/27<sup>5</sup> | 75000 | 73498 |
| Stericycle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 07/15/24<sup>5</sup> | 225000 | 221645 |
| EnerSys |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/30/23<sup>5</sup> | 175000 | 174290 |
| Harsco Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/31/27<sup>5</sup> | 125000 | 98696 |
| **Total Industrial** |  | 190396374 |
| **Technology - 3.3%** |  |  |
| HCL America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.38% due 03/10/26<sup>5</sup> | 38700000 | 34218936 |

---

---

| | | |
|:---|:---|:---|
| CDW LLC / CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.67% due 12/01/26 | 22350000.0 | 19842732 |
| &nbsp;&nbsp;&nbsp;3.25% due 02/15/29 | 810000.0 | 689869 |
| NetApp, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.38% due 06/22/27 | 17800000.0 | 15818629 |
| Fidelity National Information Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.65% due 03/01/28 | 11000000.0 | 9106264 |
| &nbsp;&nbsp;&nbsp;4.70% due 07/15/27 | 5000000.0 | 4877986 |
| Infor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 07/15/25<sup>5</sup> | 13800000.0 | 12466287 |
| &nbsp;&nbsp;&nbsp;1.45% due 07/15/23<sup>5</sup> | 1100000.0 | 1074218 |
| Qorvo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 12/15/24<sup>5</sup> | 10600000.0 | 9762070 |
| &nbsp;&nbsp;&nbsp;4.38% due 10/15/29 | 1380000.0 | 1220251 |
| &nbsp;&nbsp;&nbsp;3.38% due 04/01/31<sup>5</sup> | 1200000.0 | 964127 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.30% due 03/25/28 | 12400000.0 | 10740514 |
| Microchip Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.98% due 09/01/24 | 8750000.0 | 8102152 |
| NCR Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 04/15/29<sup>5</sup> | 2850000.0 | 2383521 |
| Leidos, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 05/15/25 | 1950000.0 | 1872520 |
| Twilio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 03/15/29 | 994000.0 | 807526 |
| MSCI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 02/15/31<sup>5</sup> | 379000.0 | 315110 |
| Boxer Parent Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 10/02/25<sup>5</sup> | 150000.0 | 145877 |
| **Total Technology** |  | 134408589 |
| **Consumer, Cyclical - 2.7%** |  |  |
| Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.64% due 03/15/25<sup>5</sup> | 33600000.0 | 31952335 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.80% due 10/01/24 | 12300000.0 | 11525234 |
| &nbsp;&nbsp;&nbsp;5.63% due 04/23/25 | 7220000.0 | 7164293 |
| &nbsp;&nbsp;&nbsp;6.00% due 04/23/30 | 4320000.0 | 4225933 |
| Alt-2 Structured Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 05/14/31<sup>†††</sup> | 11130895.0 | 9810436 |
| Delta Air Lines Inc. / SkyMiles IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/20/25<sup>5</sup> | 10000000.0 | 9755818 |
| Marriott International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 05/01/25 | 6610000.0 | 6666987 |
| Choice Hotels International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 01/15/31 | 7350000.0 | 6230256 |
| Hilton Domestic Operating Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 02/15/32<sup>5</sup> | 5400000.0 | 4324320 |
| &nbsp;&nbsp;&nbsp;4.00% due 05/01/31<sup>5</sup> | 300000.0 | 250989 |
| Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/01/25<sup>5</sup> | 4300000.0 | 4394345 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.0% (continued)** | | |
| **Consumer, Cyclical - 2.7% (continued)** |  |  |
| American Airlines Class AA Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 10/15/29 | 2647575 | $2285618 |
| &nbsp;&nbsp;&nbsp;3.00% due 10/15/28 | 1624842 | 1407892 |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/20/27<sup>5</sup> | 3015194 | 2997712 |
| Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 09/15/27 | 1548000 | 1536390 |
| &nbsp;&nbsp;&nbsp;4.45% due 04/01/26 | 1552000 | 1460114 |
| Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 03/01/27 | 2300000 | 2185462 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 08/15/26<sup>5</sup> | 2350000 | 2081472 |
| 1011778 BC ULC / New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 04/15/25<sup>5</sup> | 700000 | 694539 |
| Tempur Sealy International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 04/15/29<sup>5</sup> | 375000 | 315060 |
| **Total Consumer, Cyclical** |  | 111265205 |
| **Communications - 2.0%** |  |  |
| FactSet Research Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 03/01/27 | 22750000 | 20651629 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.25% due 02/15/26 | 8150000 | 7413574 |
| &nbsp;&nbsp;&nbsp;3.50% due 04/15/25 | 5000000 | 4808526 |
| &nbsp;&nbsp;&nbsp;2.63% due 04/15/26 | 3200000 | 2932516 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 03/15/25<sup>5</sup> | 14400000 | 13720545 |
| Ziggo BV |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 01/15/30<sup>5</sup> | 10571000 | 8845496 |
| Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 01/15/29<sup>5</sup> | 5070000 | 3712462 |
| &nbsp;&nbsp;&nbsp;4.25% due 07/01/28<sup>5</sup> | 2277000 | 1793593 |
| &nbsp;&nbsp;&nbsp;3.75% due 07/15/29<sup>5</sup> | 2150000 | 1546646 |
| Cogent Communications Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 05/01/26<sup>5</sup> | 4204000 | 3819092 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 05/15/25 | 3590000 | 3534273 |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 04/01/31 | 3250000 | 2530150 |
| Virgin Media Vendor Financing Notes IV DAC |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/28<sup>5</sup> | 1850000 | 1617098 |
| Thomson Reuters Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 05/15/26 | 1550000 | 1466308 |
| Fox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.05% due 04/07/25 | 1360000 | 1300114 |

---

---

| | | |
|:---|:---|:---|
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 08/01/25 | 500000.0 | 380000 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/15/29 | 225000.0 | 140197 |
| TripAdvisor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 07/15/25<sup>5</sup> | 400000.0 | 395214 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 12/01/30<sup>5</sup> | 250000.0 | 176458 |
| &nbsp;&nbsp;&nbsp;3.38% due 02/15/31<sup>5</sup> | 225000.0 | 146730 |
| Sirius XM Radio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 07/01/29<sup>5</sup> | 75000.0 | 68459 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/28<sup>5</sup> | 75000.0 | 66860 |
| **Total Communications** |  | 81065940 |
| **Basic Materials - 1.2%** |  |  |
| Anglo American Capital plc |  |  |
| &nbsp;&nbsp;&nbsp;2.25% due 03/17/28<sup>5</sup> | 14000000.0 | 11773322 |
| &nbsp;&nbsp;&nbsp;4.00% due 09/11/27<sup>5</sup> | 750000.0 | 706586 |
| &nbsp;&nbsp;&nbsp;5.38% due 04/01/25<sup>5</sup> | 600000.0 | 593295 |
| Valvoline, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 06/15/31<sup>5</sup> | 11161000.0 | 9157935 |
| &nbsp;&nbsp;&nbsp;4.25% due 02/15/30<sup>5</sup> | 125000.0 | 121265 |
| Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 03/01/28<sup>5</sup> | 9643000.0 | 8414730 |
| Arconic Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 05/15/25<sup>5</sup> | 7811000.0 | 7678967 |
| Nucor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.00% due 06/01/25 | 5000000.0 | 4653185 |
| Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 12/15/27<sup>5</sup> | 3675000.0 | 3541453 |
| Carpenter Technology Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 07/15/28 | 1145000.0 | 1088929 |
| Steel Dynamics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.40% due 06/15/25 | 1050000.0 | 984564 |
| ArcelorMittal S.A. |  |  |
| &nbsp;&nbsp;&nbsp;4.55% due 03/11/26 | 400000.0 | 386285 |
| Minerals Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/28<sup>5</sup> | 140000.0 | 124684 |
| **Total Basic Materials** |  | 49225200 |
| **Utilities - 1.1%** |  |  |
| Alexander Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;1.84% due 11/15/23<sup>5</sup> | 19050000.0 | 18248982 |
| CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.78% (SOFR Compounded Index + 0.65%) due 05/13/24<sup>◊</sup> | 10400000.0 | 10278907 |
| Terraform Global Operating, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 03/01/26<sup>5</sup> | 6170000.0 | 5784375 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 03/15/28 | 5000000.0 | 4209590 |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.30% due 07/15/25<sup>5</sup> | 4250000.0 | 4007328 |
| **Total Utilities** |  | 42529182 |
| **Energy - 0.3%** |  |  |
| BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% <sup>2,6</sup> | 7500000.0 | 6562500 |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 12/01/25 | 5000000.0 | 4983050 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 37.0% (continued)** | | |
| **Energy - 0.3% (continued)** |  |  |
| Sabine Pass Liquefaction LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 03/01/25 | 500000 | $500706 |
| &nbsp;&nbsp;&nbsp;5.00% due 03/15/27 | 300000 | 294157 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/30/24 | 550000 | 556827 |
| Gulfstream Natural Gas System LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.60% due 09/15/25<sup>5</sup> | 400000 | 386861 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 07/15/27<sup>5</sup> | 80000 | 75960 |
| **Total Energy** |  | 13360061 |
| **Collateralized Loan Obligations - 0.0%** |  |  |
| Fontainbleau Vegas |  |  |
| &nbsp;&nbsp;&nbsp;2.29% (1 Month Term SOFR + 5.65%, Rate Floor: 5.65%) due 09/30/25<sup>◊</sup> | 1203074 | 1206394 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,678,947,997) |  | 1508478432 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4%** |  |  |
| **Collateralized Loan Obligations - 23.7%** |  |  |
| THL Credit Lake Shore MM CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.78% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 04/15/33<sup>◊,5</sup> | 48500000 | 47320926 |
| &nbsp;&nbsp;&nbsp;2021-1A A2R, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 04/15/33<sup>◊,5</sup> | 6250000 | 5802119 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-FL2 A, 5.34% (1 Month Term SOFR + 1.01%, Rate Floor: 0.90%) due 02/15/38<sup>◊,5</sup> | 19313356 | 19069827 |
| &nbsp;&nbsp;&nbsp;2020-FL2 AS, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 02/15/38<sup>◊,5</sup> | 14310000 | 14036016 |
| &nbsp;&nbsp;&nbsp;2020-FL3 AS, 5.67% (30 Day Average SOFR + 1.86%, Rate Floor: 1.75%) due 11/15/37<sup>◊,5</sup> | 4500000 | 4374227 |
| &nbsp;&nbsp;&nbsp;2020-FL2 B, 5.84% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 02/15/38<sup>◊,5</sup> | 2000000 | 1945103 |
| &nbsp;&nbsp;&nbsp;2020-FL3 B, 6.07% (30 Day Average SOFR + 2.26%, Rate Floor: 2.15%) due 11/15/37<sup>◊,5</sup> | 2000000 | 1942485 |
| Golub Capital Partners CLO 49M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-49A AR, 5.77% (3 Month USD LIBOR + 1.53%, Rate Floor: 1.53%) due 08/26/33<sup>◊,5</sup> | 36500000 | 35003204 |
| CHCP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 A, 5.49% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/15/38<sup>◊,5</sup> | 32608363 | 31642050 |
| Shackleton CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-8A A1R, 5.16% (3 Month USD LIBOR + 0.92%, Rate Floor: 0.00%) due 10/20/27<sup>◊,5</sup> | 30845849 | 30586547 |
| LCM XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-24A AR, 5.22% (3 Month USD LIBOR + 0.98%, Rate Floor: 0.98%) due 03/20/30<sup>◊,5</sup> | 30399878 | 30019880 |
| ABPCI Direct Lending Fund IX LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A1R, 5.76% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/18/31<sup>◊,5</sup> | 30750000 | 29869883 |
| Golub Capital Partners CLO 54M, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-54A A, 6.06% (3 Month USD LIBOR + 1.53%, Rate Floor: 1.53%) due 08/05/33<sup>◊,5</sup> | 29000000 | 27647257 |
| LCCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 A, 5.77% (1 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 11/15/38<sup>◊,5</sup> | 22250000 | 21334194 |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 6.22% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 12/13/38<sup>◊,5</sup> | 6000000 | 5694608 |
| Golub Capital Partners CLO 36M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-36A A, 5.83% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 02/05/31<sup>◊,5</sup> | 27500000 | 26930967 |
| Parliament CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A B, 6.38% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 08/20/32<sup>◊,5</sup> | 22250000 | 20975389 |
| &nbsp;&nbsp;&nbsp;2021-2A A, 6.03% (3 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 08/20/32<sup>◊,5</sup> | 5250000 | 5164352 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4% (continued)** | | |
| **Collateralized Loan Obligations - 23.7% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A C, 7.23% (3 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 08/20/32<sup>◊,5</sup> | 500000 | $467446 |
| Owl Rock CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A A1R, 6.28% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/20/33<sup>◊,5</sup> | 24250000 | 23169614 |
| &nbsp;&nbsp;&nbsp;2021-4A A2R, 6.58% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 08/20/33<sup>◊,5</sup> | 3650000 | 3411314 |
| Golub Capital Partners CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16A A1R2, 5.97% (3 Month USD LIBOR + 1.61%, Rate Floor: 1.61%) due 07/25/33<sup>◊,5</sup> | 27650000 | 26489579 |
| ABPCI Direct Lending Fund CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A2R, 6.14% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/20/31<sup>◊,5</sup> | 15500000 | 14768650 |
| &nbsp;&nbsp;&nbsp;2021-5A A1R, 5.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/20/31<sup>◊,5</sup> | 11500000 | 11197559 |
| Cerberus Loan Funding XXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A AR, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/31<sup>◊,5</sup> | 23000000 | 22661270 |
| &nbsp;&nbsp;&nbsp;2021-1A BR, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/15/31<sup>◊,5</sup> | 3250000 | 3170638 |
| HERA Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 A, 5.39% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 02/18/38<sup>◊</sup> | 22750000 | 21952012 |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 5.94% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 02/18/38<sup>◊,5</sup> | 3750000 | 3491359 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1, 5.14% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 04/20/29<sup>◊,5</sup> | 11937114 | 11806591 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;2022-1A A2, 5.46% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 04/15/30<sup>◊,5</sup> | 5000000.0 | 4810694.0 |
| &nbsp;&nbsp;&nbsp;2021-3A B, 5.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 07/20/29<sup>◊,5</sup> | 5000000.0 | 4733902.0 |
| &nbsp;&nbsp;&nbsp;2021-2A B, 6.08% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 05/20/29<sup>◊,5</sup> | 4000000.0 | 3821157.0 |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-CRE2 AS, 5.82% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/36<sup>◊,5</sup> | 7470738.0 | 7389776.0 |
| &nbsp;&nbsp;&nbsp;2021-CRE5 B, 6.32% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 07/15/36<sup>◊,5</sup> | 7900000.0 | 7388431.0 |
| &nbsp;&nbsp;&nbsp;2021-CRE4 B, 5.17% (30 Day Average SOFR + 1.36%, Rate Floor: 1.25%) due 07/15/35<sup>◊,5</sup> | 7500000.0 | 7231619.0 |
| &nbsp;&nbsp;&nbsp;2018-CRE1 AS, 5.82% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/28<sup>◊,5</sup> | 2073092.0 | 2068924.0 |
| Cerberus Loan Funding XXXI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/32<sup>◊,5</sup> | 13257473.0 | 13039231.0 |
| &nbsp;&nbsp;&nbsp;2021-1A B, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/15/32<sup>◊,5</sup> | 9600000.0 | 9400402.0 |
| Golub Capital Partners CLO 33M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-33A AR2, 6.62% (3 Month USD LIBOR + 1.86%, Rate Floor: 1.86%) due 08/25/33<sup>◊,5</sup> | 23000000.0 | 21424962.0 |
| Madison Park Funding XLVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-48A B, 5.68% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/19/33<sup>◊,5</sup> | 22000000.0 | 21272632.0 |
| Cerberus Loan Funding XXX, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A A, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/33<sup>◊,5</sup> | 18000000.0 | 17607220.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4% (continued)** | | |
| **Collateralized Loan Obligations - 23.7% (continued)** |  |  |
| Cerberus Loan Funding XXXII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A, 5.70% (3 Month USD LIBOR + 1.62%, Rate Floor: 1.62%) due 04/22/33<sup>◊,5</sup> | 14250000 | $13696546 |
| &nbsp;&nbsp;&nbsp;2021-2A B, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/22/33<sup>◊,5</sup> | 4000000 | 3787554 |
| ABPCI Direct Lending Fund CLO II LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.84% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/20/32<sup>◊,5</sup> | 15250000 | 14692526 |
| &nbsp;&nbsp;&nbsp;2021-1A BR, 6.39% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 04/20/32<sup>◊,5</sup> | 2250000 | 2135182 |
| &nbsp;&nbsp;&nbsp;2021-1A A2R, 6.14% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/20/32<sup>◊,5</sup> | 300000 | 294296 |
| Woodmont Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A A1A, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/15/32<sup>◊,5</sup> | 16250000 | 16103180 |
| BRSP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.49% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 08/19/38<sup>◊,5</sup> | 10000000 | 9284179 |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 6.24% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 08/19/38<sup>◊,5</sup> | 6400000 | 5956030 |
| ACRES Commercial Realty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 06/15/36<sup>◊,5</sup> | 11200000 | 10660981 |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.33% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 06/15/36<sup>◊,5</sup> | 4800000 | 4547047 |
| AMMC CLO XI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-11A A2R3, 1.83% due 04/30/31<sup>5</sup> | 14300000 | 13266307 |
| Fortress Credit Opportunities XI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-11A A1T, 5.38% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/31<sup>◊,5</sup> | 13450000 | 13137283 |

---

---

| | | |
|:---|:---|:---|
| Cerberus Loan Funding XXXIII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A, 5.64% (3 Month USD LIBOR + 1.56%, Rate Floor: 1.56%) due 07/23/33<sup>◊,5</sup> | 11500000.0 | 11022991.0 |
| &nbsp;&nbsp;&nbsp;2021-3A B, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 07/23/33<sup>◊,5</sup> | 2250000.0 | 2061132.0 |
| BDS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL8 D, 6.24% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/18/36<sup>◊,5</sup> | 7000000.0 | 6421985.0 |
| &nbsp;&nbsp;&nbsp;2021-FL9 C, 6.24% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 11/16/38<sup>◊,5</sup> | 5000000.0 | 4667654.0 |
| &nbsp;&nbsp;&nbsp;2020-FL5 B, 6.24% (1 Month Term SOFR + 1.91%, Rate Floor: 1.80%) due 02/16/37<sup>◊</sup> | 1400000.0 | 1374094.0 |
| ABPCI Direct Lending Fund CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1A2, 5.94% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 07/20/33<sup>◊,5</sup> | 12250000.0 | 11777705.0 |
| Lake Shore MM CLO III LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A1R, 5.56% (3 Month USD LIBOR + 1.48%, Rate Floor: 1.48%) due 10/17/31<sup>◊,5</sup> | 11250000.0 | 11023501.0 |
| Fortress Credit Opportunities IX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A2TR, 5.88% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 10/15/33<sup>◊,5</sup> | 11500000.0 | 10784752.0 |
| FS Rialto |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/16/36<sup>◊</sup> | 7500000.0 | 7137983.0 |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.38% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 05/16/38<sup>◊,5</sup> | 3250000.0 | 3096186.0 |
| KREF |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 5.98% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 02/15/39<sup>◊,5</sup> | 10700000.0 | 10233067.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4% (continued)** | | |
| **Collateralized Loan Obligations - 23.7% (continued)** |  |  |
| Madison Park Funding LIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-53A B, 5.74% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35<sup>◊,5</sup> | 10750000 | $10227751 |
| Neuberger Berman CLO XVI-S Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16SA BR, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/15/34<sup>◊,5</sup> | 10200000 | 9719892 |
| Recette CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A BRR, 5.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 0.00%) due 04/20/34<sup>◊,5</sup> | 10000000 | 9498667 |
| ABPCI Direct Lending Fund CLO VII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-7A A1R, 5.79% (3 Month USD LIBOR + 1.43%, Rate Floor: 1.43%) due 10/20/31<sup>◊,5</sup> | 9250000 | 8914420 |
| PFP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-7 B, 5.73% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/14/38<sup>◊,5</sup> | 4599770 | 4370767 |
| &nbsp;&nbsp;&nbsp;2021-7 D, 6.73% (1 Month USD LIBOR + 2.40%, Rate Floor: 2.40%) due 04/14/38<sup>◊,5</sup> | 4104795 | 3822043 |
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A B, 5.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/20/33<sup>◊,5</sup> | 7000000 | 6731863 |
| &nbsp;&nbsp;&nbsp;2021-9A C, 6.04% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 01/20/33<sup>◊,5</sup> | 1000000 | 933839 |
| Cerberus Loan Funding XXXV, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 09/22/33<sup>◊,5</sup> | 8000000 | 7628218 |
| BCC Middle Market CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 10/15/33<sup>◊,5</sup> | 6750000 | 6516972 |

---

---

| | | |
|:---|:---|:---|
| NewStar Fairfield Fund CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A A1N, 5.51% (3 Month USD LIBOR + 1.27%, Rate Floor: 1.27%) due 04/20/30<sup>◊,5</sup> | 6529571.0 | 6434625.0 |
| Neuberger Berman Loan Advisers CLO 40 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-40A B, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/16/33<sup>◊,5</sup> | 6000000.0 | 5782273.0 |
| MF1 Multifamily Housing Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL6 B, 5.98% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 07/16/36<sup>◊,5</sup> | 6000000.0 | 5717162.0 |
| Cerberus Loan Funding XXXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A A, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/22/33<sup>◊,5</sup> | 5628758.0 | 5603774.0 |
| KREF Funding V LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.07% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/25/26<sup>◊,†††</sup> | 5574566.0 | 5547529.0 |
| &nbsp;&nbsp;&nbsp;0.15% due 06/25/26<sup>†††,7</sup> | 27272727.0 | 1091.0 |
| STWD Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-FL1 C, 6.39% (1 Month Term SOFR + 2.06%, Rate Floor: 1.95%) due 07/15/38<sup>◊</sup> | 3200000.0 | 3105633.0 |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 04/18/38<sup>◊,5</sup> | 2187000.0 | 2048311.0 |
| Owl Rock CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A ALR, 5.79% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 04/20/33<sup>◊,5</sup> | 5000000.0 | 4829488.0 |
| BSPRT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL6 C, 6.37% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 03/15/36<sup>◊</sup> | 5000000.0 | 4704253.0 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A A1B2, 5.49% (3 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 04/20/34<sup>◊,5</sup> | 5000000.0 | 4688717.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4% (continued)** | | |
| **Collateralized Loan Obligations - 23.7% (continued)** |  |  |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-4A A1RR, 5.08% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 01/15/31<sup>◊,5</sup> | 4681009 | $4624460 |
| ACRE Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL4 AS, 5.44% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 12/18/37<sup>◊,5</sup> | 4500000 | 4321860 |
| VOYA CLO |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A BR, 6.23% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 06/07/30<sup>◊,5</sup> | 4500000 | 4246521 |
| Neuberger Berman Loan Advisers CLO 32 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-32A BR, 5.63% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 01/20/32<sup>◊,5</sup> | 4000000 | 3866370 |
| Magnetite XXIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-29A B, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 01/15/34<sup>◊,5</sup> | 4000000 | 3860964 |
| Owl Rock CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A B1, 6.50% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/21/32<sup>◊,5</sup> | 3500000 | 3371446 |
| AMMC CLO XIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-14A A2R2, 5.76% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 07/25/29<sup>◊,5</sup> | 3250000 | 3192843 |
| Boyce Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A B1, 5.74% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35<sup>◊,5</sup> | 3000000 | 2859636 |
| Golub Capital Partners CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-17A A1R, 6.01% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/30<sup>◊,5</sup> | 2500000 | 2459480 |
| Greystone Commercial Real Estate Notes |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 B, 5.97% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 07/15/39<sup>◊,5</sup> | 2200000 | 2035275 |

---

---

| | | |
|:---|:---|:---|
| Neuberger Berman Loan Advisers CLO 47 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-47A B, 5.63% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 04/14/35<sup>◊,5</sup> | 2000000.0 | 1902449 |
| HGI CRE CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 5.83% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 09/17/36<sup>◊</sup> | 2000000.0 | 1878802 |
| Dryden 37 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-37A Q, due 01/15/31<sup>5,8</sup> | 1500000.0 | 1165900 |
| Stratus CLO 2021-1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A B, 5.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 12/29/29<sup>◊,5</sup> | 1000000.0 | 958216 |
| Marathon CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-5A A1R, 5.55% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/27<sup>◊,5</sup> | 535945.0 | 534695 |
| Newfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A A1R, 5.19% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/28<sup>◊,5</sup> | 369383.0 | 368147 |
| TRTX Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-FL3 A, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 10/15/34<sup>◊</sup> | 354967.0 | 351063 |
| Carlyle GMS Finance MM CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A A12R, 5.86% (3 Month USD LIBOR + 1.78%, Rate Floor: 0.00%) due 10/15/31<sup>◊,5</sup> | 250000.0 | 245702 |
| Treman Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A COM, due 10/20/28<sup>5,8</sup> | 325901.0 | 19499 |
| OHA Credit Partners IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-9A ACOM, due 10/20/25<sup>5,8</sup> | 301370.0 | 328 |
| Copper River CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>†††,8,9</sup> | 500000.0 | 196 |
| **Total Collateralized Loan Obligations** |  | 968387317 |
| **Financial - 3.1%** |  |  |
| Strategic Partners Fund VIII LP |  |  |
| &nbsp;&nbsp;&nbsp; 6.33% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26<sup>◊,†††</sup> | 23500000.0 | 23518565 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4% (continued)** | | | |
| **Financial - 3.1% (continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.68% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26<sup>◊,†††</sup> |  | 4000000 | $4003160 |
| Madison Avenue Secured Funding Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.07% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/17/23<sup>◊,†††,5</sup> |  | 20900000 | 20900000 |
| Madison Avenue Secured Funding Trust Series |  |  |  |
| &nbsp;&nbsp;&nbsp;2022-1, 6.13% (1 Month Term SOFR + 1.85%, Rate Floor: 0.00%) due 10/12/23<sup>◊,†††,5</sup> |  | 16550000 | 16550000 |
| Station Place Securitization Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2022-SP1, 6.13% (1 Month Term SOFR + 1.85%, Rate Floor: 0.00%) due 10/12/23<sup>◊,†††,5</sup> |  | 16550000 | 16550000 |
| KKR Core Holding Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00% due 08/12/31<sup>†††</sup> |  | 17933093 | 15226810 |
| HV Eight LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27<sup>◊,†††</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;12400000 | 13280497 |
| Project Onyx |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.99% (3 Month Term SOFR + 2.40%, Rate Floor: 2.30%) due 01/26/27<sup>◊,†††</sup> |  | 7000000 | 7007510 |
| Ceamer Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.69% due 03/22/31<sup>†††</sup> |  | 4363380 | 3997336 |
| Thunderbird A |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> |  | 2401464 | 2341427 |
| Lightning A |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50% due 03/01/37<sup>†††</sup> |  | 2347922 | 2289224 |
| Aesf Vi Verdi, LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 2.15% (3 Month EURIBOR + 2.15%, Rate Floor: 2.15%) due 11/25/24<sup>◊,†††</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;393590 | 421538 |
| **Total Financial** |  |  | 126086067 |
| **Transport-Container - 2.1%** |  |  |  |
| Triton Container Finance VIII LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.86% due 03/20/46<sup>5</sup> |  | 34475625 | 28744531 |
| Textainer Marine Containers VII Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.68% due 02/20/46<sup>5</sup> |  | 9642667 | 8099168 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;2020-1A, 2.73% due 08/21/45<sup>5</sup> | 4318302.0 | 3909831 |
| &nbsp;&nbsp;&nbsp;2020-2A, 2.10% due 09/20/45<sup>5</sup> | 3917775.0 | 3411696 |
| CLI Funding VI LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A, 2.07% due 10/18/45<sup>5</sup> | 14155000.0 | 12285541 |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.08% due 09/18/45<sup>5</sup> | 1532500.0 | 1326744 |
| CLI Funding VIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.64% due 02/18/46<sup>5</sup> | 15241518.0 | 12996045 |
| TIF Funding II LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.65% due 02/20/46<sup>5</sup> | 15581687.0 | 12922604 |
| CAL Funding IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.22% due 09/25/45<sup>5</sup> | 3032813.0 | 2620556 |
| **Total Transport-Container** |  | 86316716 |
| **Whole Business - 2.0%** |  |  |
| Applebee's Funding LLC / IHOP Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.19% due 06/05/49<sup>5</sup> | 31042440.0 | 30501929 |
| Taco Bell Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.95% due 08/25/51<sup>5</sup> | 18562500.0 | 15685739 |
| SERVPRO Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.39% due 04/25/51<sup>5</sup> | 11918500.0 | 9322722 |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.88% due 10/25/49<sup>5</sup> | 6062500.0 | 5369950 |
| ServiceMaster Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.84% due 01/30/51<sup>5</sup> | 9088125.0 | 7280306 |
| Wingstop Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.84% due 12/05/50<sup>5</sup> | 7781400.0 | 6575906 |
| Arbys Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.24% due 07/30/50<sup>5</sup> | 7086875.0 | 5989586 |
| Domino's Pizza Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.67% due 10/25/49<sup>5</sup> | 1701875.0 | 1470148 |
| **Total Whole Business** |  | 82196286 |
| **Net Lease - 1.6%** |  |  |
| Oak Street Investment Grade Net Lease Fund Series |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 1.85% due 11/20/50<sup>5</sup> | 39269500.0 | 34852918 |
| STORE Master Funding I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A, 4.17% due 04/20/45<sup>5</sup> | 10289833.0 | 9653024 |
| STORE Master Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.86% due 06/20/51<sup>5</sup> | 6897875.0 | 5573547 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 35.4% (continued)** | | |
| **Net Lease - 1.6% (continued)** |  |  |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.98% due 03/15/61<sup>5</sup> | 5805495 | $4840313 |
| CMFT Net Lease Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.91% due 07/20/51<sup>5</sup> | 3000000 | 2468100 |
| &nbsp;&nbsp;&nbsp;2021-1, 2.51% due 07/20/51<sup>5</sup> | 2500000 | 2059114 |
| CARS-DB4, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.19% due 02/15/50<sup>5</sup> | 3969167 | 3708487 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.25% due 02/15/50<sup>5</sup> | 893145 | 760900 |
| New Economy Assets Phase 1 Sponsor LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 1.91% due 10/20/61<sup>5</sup> | 2500000 | 2112424 |
| Capital Automotive REIT |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.48% due 02/15/50<sup>5</sup> | 1984583 | 1729079 |
| **Total Net Lease** |  | 67757906 |
| **Transport-Aircraft - 1.4%** |  |  |
| AASET Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.95% due 11/16/41<sup>5</sup> | 14587440 | 11651438 |
| &nbsp;&nbsp;&nbsp;2017-1A, 3.97% due 05/16/42<sup>5</sup> | 2335098 | 1810882 |
| AASET US Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A, 4.45% due 11/18/38<sup>5</sup> | 11745706 | 9312359 |
| Sapphire Aviation Finance I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.25% due 03/15/40<sup>5</sup> | 8194118 | 6350687 |
| KDAC Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.21% due 12/15/42<sup>5</sup> | 7711426 | 5822280 |
| MAPS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.21% due 05/15/43<sup>5</sup> | 5772723 | 5152645 |
| Sapphire Aviation Finance II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.23% due 03/15/40<sup>5</sup> | 6159703 | 4657462 |
| Castlelake Aircraft Structured Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.47% due 01/15/46<sup>5</sup> | 4952323 | 4160150 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.13% due 06/15/43<sup>5</sup> | 4133004 | 3622525 |
| Falcon Aerospace Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/39<sup>5</sup> | 2347725 | 1901006 |
| &nbsp;&nbsp;&nbsp;2017-1, 4.58% due 02/15/42<sup>5</sup> | 960535 | 871230 |

---

---

| | | |
|:---|:---|:---|
| Raspro Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-1A, 5.17% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/24<sup>◊,5</sup> | 1969886 | 1944957 |
| **Total Transport-Aircraft** |  | 57257621 |
| **Collateralized Debt Obligations - 0.7%** |  |  |
| Anchorage Credit Funding 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A AR, 2.72% due 04/27/39<sup>5</sup> | 24650000 | 21012882 |
| Anchorage Credit Funding 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A1R, 2.87% due 01/28/39<sup>5</sup> | 6997810 | 6117755 |
| **Total Collateralized Debt Obligations** |  | 27130637 |
| **Single Family Residence - 0.4%** |  |  |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>5</sup> | 5050000 | 4432678 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>5</sup> | 4900000 | 4348606 |
| &nbsp;&nbsp;&nbsp;2021-SFR1, 2.19% due 08/17/38<sup>5</sup> | 4000000 | 3357824 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>5</sup> | 3200000 | 2772756 |
| **Total Single Family Residence** |  | 14911864 |
| **Infrastructure - 0.4%** |  |  |
| VB-S1 Issuer LLC - VBTEL |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 4.29% due 02/15/52<sup>5</sup> | 9250000 | 8116994 |
| Secured Tenant Site Contract Revenue Notes Series |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 3.97% due 06/15/48<sup>5</sup> | 6826310 | 6753483 |
| **Total Infrastructure** |  | 14870477 |
| **Total Asset-Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,540,269,087) |  | 1444914891 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2%** |  |  |
| **Residential Mortgage-Backed Securities - 14.8%** |  |  |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL1, 1.67% (WAC) due 09/27/60<sup>◊,5</sup> | 30493434 | 28768125 |
| &nbsp;&nbsp;&nbsp;2021-RPL7, 1.93% (WAC) due 07/27/61<sup>◊,5</sup> | 13694263 | 12362430 |
| &nbsp;&nbsp;&nbsp;2020-RPL5, 3.02% (WAC) due 08/25/60<sup>◊,5</sup> | 12803114 | 12233408 |
| &nbsp;&nbsp;&nbsp;2021-RPL4, 1.80% (WAC) due 12/27/60<sup>◊,5</sup> | 8333529 | 7613682 |
| &nbsp;&nbsp;&nbsp;2018-RPL9, 3.85% (WAC) due 09/25/57<sup>◊,5</sup> | 5360979 | 5141808 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 14.8% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2020-NQM1, 1.41% due 05/25/65<sup>5,10</sup> | 2322965 | $2097331 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-5, 1.79% due 06/25/26<sup>5,10</sup> | 22970136 | 20798967 |
| &nbsp;&nbsp;&nbsp;2022-1, 3.72% due 02/25/27<sup>5,10</sup> | 20717623 | 19371043 |
| &nbsp;&nbsp;&nbsp;2021-8, 1.74% (WAC) due 09/25/26<sup>◊,5</sup> | 10595645 | 9493069 |
| &nbsp;&nbsp;&nbsp;2021-RPL2, 2.49% (WAC) due 10/25/51<sup>◊,5</sup> | 2500000 | 2147451 |
| Legacy Mortgage Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-GS3, 1.75% due 07/25/61<sup>5,10</sup> | 22665922 | 20487593 |
| &nbsp;&nbsp;&nbsp;2021-GS4, 1.65% due 11/25/60<sup>5,10</sup> | 19377056 | 17320992 |
| &nbsp;&nbsp;&nbsp;2021-GS2, 1.75% due 04/25/61<sup>5,10</sup> | 8410842 | 7602485 |
| &nbsp;&nbsp;&nbsp;2021-GS5, 2.25% due 07/25/67<sup>5,10</sup> | 5396554 | 4830709 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-C, 1.62% due 03/01/61<sup>5,10</sup> | 23244038 | 20890974 |
| &nbsp;&nbsp;&nbsp;2022-R1, 3.13% due 01/29/70<sup>5,10</sup> | 17860226 | 15818561 |
| &nbsp;&nbsp;&nbsp;2021-HE2, 4.78% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 11/25/69<sup>◊,5</sup> | 3007106 | 2972241 |
| &nbsp;&nbsp;&nbsp;2021-HE2, 4.98% (30 Day Average SOFR + 1.05%, Rate Floor: 0.00%) due 11/25/69<sup>◊,5</sup> | 2761346 | 2729370 |
| &nbsp;&nbsp;&nbsp;2021-HE1, 4.88% (30 Day Average SOFR + 0.95%, Rate Floor: 0.00%) due 01/25/70<sup>◊,5</sup> | 2428487 | 2387532 |
| &nbsp;&nbsp;&nbsp;2021-HE1, 4.78% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 01/25/70<sup>◊,5</sup> | 1823426 | 1796481 |
| NYMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-SP1, 1.67% due 08/25/61<sup>5,10</sup> | 35619119 | 31923525 |
| &nbsp;&nbsp;&nbsp;2022-SP1, 5.25% due 07/25/62<sup>5,10</sup> | 10220788 | 9840193 |
| OSAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL1, 2.12% due 05/25/65<sup>5,10</sup> | 43949193 | 40566085 |
| NRZ Advance Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-T2, 1.48% due 09/15/53<sup>5</sup> | 28950000 | 27881884 |
| FKRT |  |  |
| &nbsp;&nbsp;&nbsp;2.21% due 11/30/58<sup>†††,9</sup> | 25700000 | 24668916 |

---

---

| | | |
|:---|:---|:---|
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-5, 1.58% due 05/25/65<sup>5,10</sup> | 5668037.0 | 5150671.0 |
| &nbsp;&nbsp;&nbsp;2021-4, 1.35% (WAC) due 07/25/66<sup>◊,5</sup> | 6732749.0 | 5017134.0 |
| &nbsp;&nbsp;&nbsp;2021-5, 1.37% (WAC) due 09/25/66<sup>◊,5</sup> | 6594160.0 | 4998044.0 |
| &nbsp;&nbsp;&nbsp;2021-3, 1.44% (WAC) due 06/25/66<sup>◊,5</sup> | 4032514.0 | 3189113.0 |
| &nbsp;&nbsp;&nbsp;2021-6, 1.89% (WAC) due 10/25/66<sup>◊,5</sup> | 3195523.0 | 2561580.0 |
| &nbsp;&nbsp;&nbsp;2019-4, 2.64% due 11/25/59<sup>5,10</sup> | 1632183.0 | 1548217.0 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.42% due 01/25/60<sup>5,10</sup> | 864165.0 | 813540.0 |
| Towd Point Revolving Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.83% due 09/25/64<sup>9</sup> | 18500000.0 | 17808081.0 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-6, 2.75% (WAC) due 10/25/57<sup>◊,5</sup> | 8155370.0 | 7777385.0 |
| &nbsp;&nbsp;&nbsp;2018-2, 3.25% (WAC) due 03/25/58<sup>◊,5</sup> | 4426555.0 | 4236351.0 |
| &nbsp;&nbsp;&nbsp;2017-5, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.00%) due 02/25/57<sup>◊,5</sup> | 2781936.0 | 2753063.0 |
| &nbsp;&nbsp;&nbsp;2018-1, 3.00% (WAC) due 01/25/58<sup>◊,5</sup> | 562252.0 | 536660.0 |
| New Residential Advance Receivables Trust Advance Receivables Backed Notes |  |  |
| &nbsp;&nbsp;&nbsp;2020-T1, 1.43% due 08/15/53<sup>5</sup> | 15750000.0 | 15199207.0 |
| Structured Asset Securities Corporation Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2008-BC4, 5.02% (1 Month USD LIBOR + 0.63%, Rate Floor: 0.63%) due 11/25/37<sup>◊</sup> | 12764465.0 | 12231022.0 |
| &nbsp;&nbsp;&nbsp;2006-BC4, 4.73% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 12/25/36<sup>◊</sup> | 602507.0 | 583147.0 |
| &nbsp;&nbsp;&nbsp;2007-BC1, 4.52% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 02/25/37<sup>◊</sup> | 28904.0 | 28642.0 |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.02% (WAC) due 03/25/67<sup>◊,5</sup> | 12642824.0 | 11338814.0 |
| LSTAR Securities Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.92% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/01/26<sup>◊,9</sup> | 7137539.0 | 6364458.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 14.8% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2021-2, 5.82% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 03/02/26<sup>◊,9</sup> | 4952569 | $4868208 |
| Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-FRE1, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/37<sup>◊</sup> | 11439869 | 10672941 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-OPT5, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 07/25/36<sup>◊</sup> | 9367876 | 8838670 |
| &nbsp;&nbsp;&nbsp;2005-OPT3, 5.09% (1 Month USD LIBOR + 0.71%, Rate Floor: 0.71%) due 11/25/35<sup>◊</sup> | 1709806 | 1658527 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A, 3.50% (WAC) due 02/25/58<sup>◊,5</sup> | 6207193 | 5795211 |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.00% (WAC) due 12/25/57<sup>◊,5</sup> | 1938985 | 1818380 |
| &nbsp;&nbsp;&nbsp;2019-6A, 3.50% (WAC) due 09/25/59<sup>◊,5</sup> | 1494434 | 1374946 |
| &nbsp;&nbsp;&nbsp;2017-5A, 5.89% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 06/25/57<sup>◊,5</sup> | 581744 | 568845 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-HB5, 1.37% (WAC) due 02/25/31<sup>◊,5</sup> | 6950000 | 6504513 |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊,9</sup> | 2223301 | 2009985 |
| Cascade Funding Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-RM2, 4.00% (WAC) due 10/25/68<sup>◊,9</sup> | 5893346 | 5672042 |
| &nbsp;&nbsp;&nbsp;2019-RM3, 2.80% (WAC) due 06/25/69<sup>◊,9</sup> | 1374878 | 1327141 |
| CSMC |  |  |
| &nbsp;&nbsp;&nbsp;2021-NQM8, 2.41% (WAC) due 10/25/66<sup>◊,5</sup> | 8589747 | 6978223 |
| NovaStar Mortgage Funding Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-2, 4.59% (1 Month USD LIBOR + 0.20%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/37<sup>◊</sup> | 6769590 | 6515125 |
| Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA7, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 05/25/47<sup>◊</sup> | 4622630 | 3860537 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;2007-OH3, 4.97% (1 Month USD LIBOR + 0.58%, Rate Cap/Floor: 10.00%/0.58%) due 09/25/47<sup>◊</sup> | 2220365.0 | 1897018.0 |
| Morgan Stanley ABS Capital I Incorporated Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE3, 4.64% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 12/25/36<sup>◊</sup> | 4740719.0 | 2438170.0 |
| &nbsp;&nbsp;&nbsp;2007-HE3, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 12/25/36<sup>◊</sup> | 3396251.0 | 1746655.0 |
| &nbsp;&nbsp;&nbsp;2007-HE5, 4.57% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 03/25/37<sup>◊</sup> | 1624309.0 | 720595.0 |
| &nbsp;&nbsp;&nbsp;2006-NC1, 4.96% (1 Month USD LIBOR + 0.57%, Rate Floor: 0.57%) due 12/25/35<sup>◊</sup> | 459382.0 | 451403.0 |
| American Home Mortgage Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-3, 4.75% (1 Month USD LIBOR + 0.36%, Rate Cap/Floor: 10.50%/0.36%) due 12/25/46<sup>◊</sup> | 5716072.0 | 4639533.0 |
| Banc of America Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-R2, 4.65% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 04/29/37<sup>◊,5</sup> | 4319821.0 | 4212298.0 |
| Credit Suisse Mortgage Capital Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL9, 2.44% (WAC) due 02/25/61<sup>◊,5</sup> | 4406169.0 | 4039761.0 |
| Citigroup Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-A, 6.17% due 09/25/62<sup>5,10</sup> | 3640349.0 | 3557902.0 |
| Bear Stearns Asset-Backed Securities I Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE9, 4.53% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.28%) due 11/25/36<sup>◊</sup> | 3638636.0 | 3501884.0 |
| SPS Servicer Advance Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-T2, 1.83% due 11/15/55<sup>5</sup> | 3750000.0 | 3398245.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 14.8% (continued)** |  |  |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-14, 4.64% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 01/25/47<sup>◊</sup> | 2050509 | $1747957 |
| &nbsp;&nbsp;&nbsp;2006-12, 4.72% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 01/19/38<sup>◊</sup> | 1695191 | 1481764 |
| Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series |  |  |
| &nbsp;&nbsp;&nbsp;2005-W2, 5.12% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 10/25/35<sup>◊</sup> | 3137436 | 3037774 |
| Securitized Asset Backed Receivables LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.61% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 12/25/36<sup>◊</sup> | 13182277 | 2931510 |
| Asset-Backed Securities Corporation Home Equity Loan Trust Series AEG |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE1, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 01/25/36<sup>◊</sup> | 2858955 | 2755260 |
| Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2, 1.29% (WAC) due 06/25/66<sup>◊,5</sup> | 2246458 | 1691089 |
| &nbsp;&nbsp;&nbsp;2020-2, 1.64% (WAC) due 10/25/65<sup>◊,5</sup> | 1150385 | 1024179 |
| IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE1, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/36<sup>◊</sup> | 4907765 | 2507164 |
| First NLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-4, 5.17% (1 Month USD LIBOR + 0.78%, Rate Cap/Floor: 14.00%/0.78%) due 02/25/36<sup>◊</sup> | 2470971 | 2394466 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM9, 6.45% due 09/25/62<sup>5,10</sup> | 2377004 | 2365387 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-NQM1, 1.38% (WAC) due 09/27/60<sup>◊,5</sup> | 2496976 | 2175911 |

---

---

| | | |
|:---|:---|:---|
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-6, 1.71% (WAC) due 09/25/66<sup>◊,5</sup> | 2789928.0 | 2130913.0 |
| CIT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-1, 5.74% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 10/25/37<sup>◊,5</sup> | 1925404.0 | 1914412.0 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2006-WF1, 5.03% due 03/25/36 | 3710745.0 | 1864828.0 |
| Morgan Stanley Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-2, 4.95% (1 Month USD LIBOR + 0.56%, Rate Floor: 0.56%) due 02/25/36<sup>◊</sup> | 1853215.0 | 1809140.0 |
| Structured Asset Investment Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-3, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 06/25/36<sup>◊</sup> | 1743982.0 | 1665603.0 |
| &nbsp;&nbsp;&nbsp;2005-2, 5.12% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 03/25/35<sup>◊</sup> | 77877.0 | 77073.0 |
| SG Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-1, 3.68% (WAC) due 03/27/62<sup>◊,5</sup> | 1930587.0 | 1728689.0 |
| Credit-Based Asset Servicing and Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;2006-CB2, 4.77% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 12/25/36<sup>◊</sup> | 1593344.0 | 1481907.0 |
| Morgan Stanley IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-2, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 11/25/36<sup>◊</sup> | 3847720.0 | 1315702.0 |
| GSAA Home Equity Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-3, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/36<sup>◊</sup> | 2352631.0 | 1276241.0 |
| Park Place Securities Incorporated Asset-Backed Pass-Through Certificates Series |  |  |
| &nbsp;&nbsp;&nbsp;2005-WHQ3, 5.33% (1 Month USD LIBOR + 0.95%, Rate Floor: 0.95%) due 06/25/35<sup>◊</sup> | 1282845.0 | 1268249.0 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 14.8% (continued)** |  |  |
| Nationstar Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-B, 4.61% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 04/25/37<sup>◊</sup> | 1175461 | $1165831 |
| Lehman XS Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-16N, 4.77% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 11/25/46<sup>◊</sup> | 1309704 | 1099235 |
| Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.38% (WAC) due 01/26/60<sup>◊,5</sup> | 1106751 | 1053519 |
| ACE Securities Corporation Home Equity Loan Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2005-HE2, 5.41% (1 Month USD LIBOR + 1.02%, Rate Floor: 1.02%) due 04/25/35<sup>◊</sup> | 1059705 | 1009100 |
| MFRA Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-INV1, 1.26% (WAC) due 01/25/56<sup>◊,5</sup> | 1067994 | 935379 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2, 2.38% (WAC) due 08/25/66<sup>◊,5</sup> | 1500000 | 823568 |
| Morgan Stanley Capital I Incorporated Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE1, 4.97% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 01/25/36<sup>◊</sup> | 740444 | 705455 |
| Long Beach Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-8, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 09/25/36<sup>◊</sup> | 2379813 | 666312 |
| FBR Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-2, 5.14% (1 Month USD LIBOR + 0.75%, Rate Cap/Floor: 14.00%/0.75%) due 09/25/35<sup>◊</sup> | 518052 | 514062 |
| First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2004-FF10, 5.66% (1 Month USD LIBOR + 1.28%, Rate Floor: 1.28%) due 07/25/34<sup>◊</sup> | 489970 | 465073 |

---

---

| | | |
|:---|:---|:---|
| Nomura Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-4R, 2.22% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/36<sup>◊,5</sup> | 432720.0 | 388007 |
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.28% (WAC) due 02/25/50<sup>◊,5</sup> | 355516.0 | 335716 |
| Countrywide Asset-Backed Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2006-6, 4.73% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 09/25/36<sup>◊</sup> | 149715.0 | 149379 |
| &nbsp;&nbsp;&nbsp;2006-5, 4.97% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 08/25/36<sup>◊</sup> | 36583.0 | 36491 |
| CSMC Series |  |  |
| &nbsp;&nbsp;&nbsp;2015-12R, 3.38% (WAC) due 11/30/37<sup>◊,5</sup> | 101497.0 | 101068 |
| &nbsp;&nbsp;&nbsp;2014-2R, 3.34% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 02/27/46<sup>◊,5</sup> | 43165.0 | 42584 |
| UCFC Manufactured Housing Contract |  |  |
| &nbsp;&nbsp;&nbsp;1997-2, 7.38% due 10/15/28 | 99434.0 | 98138 |
| Morgan Stanley Re-REMIC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2010-R5, 2.18% due 06/26/36<sup>5</sup> | 49941.0 | 43544 |
| **Total Residential Mortgage-Backed Securities** |  | 603224421 |
| **Commercial Mortgage-Backed Securities - 2.3%** |  |  |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 5.97% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 09/15/36<sup>◊,5</sup> | 25000000.0 | 23389325 |
| &nbsp;&nbsp;&nbsp;2022-LP2, 5.90% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 02/15/39<sup>◊,5</sup> | 15132757.0 | 14250084 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-NYAH, 5.86% (1 Month USD LIBOR + 1.54%, Rate Floor: 1.54%) due 06/15/38<sup>◊,5</sup> | 10200000.0 | 9713608 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2% (continued)** | | |
| **Commercial Mortgage-Backed Securities - 2.3% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2016-JP2, 1.77% (WAC) due 08/15/49<sup>◊,7</sup> | 33821051 | $1614725 |
| BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FILM, 5.42% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 08/15/36<sup>◊,5</sup> | 8250000 | 7420731 |
| MHP |  |  |
| &nbsp;&nbsp;&nbsp;2022-MHIL, 5.60% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 01/15/27<sup>◊,5</sup> | 7773268 | 7325254 |
| Life Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-BMR, 5.72% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 03/15/38<sup>◊,5</sup> | 6880791 | 6518172 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-ESH, 6.02% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 07/15/38<sup>◊,5</sup> | 3904769 | 3748041 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C38, 0.97% (WAC) due 07/15/50<sup>◊,7</sup> | 22741708 | 735890 |
| &nbsp;&nbsp;&nbsp;2016-C37, 0.81% (WAC) due 12/15/49<sup>◊,7</sup> | 26902613 | 610743 |
| &nbsp;&nbsp;&nbsp;2017-C42, 0.86% (WAC) due 12/15/50<sup>◊,7</sup> | 14445682 | 492300 |
| &nbsp;&nbsp;&nbsp;2017-RB1, 1.20% (WAC) due 03/15/50<sup>◊,7</sup> | 8015952 | 321278 |
| &nbsp;&nbsp;&nbsp;2015-LC22, 0.76% (WAC) due 09/15/58<sup>◊,7</sup> | 18927810 | 306222 |
| &nbsp;&nbsp;&nbsp;2016-NXS5, 1.42% (WAC) due 01/15/59<sup>◊,7</sup> | 5028540 | 161518 |
| KKR Industrial Portfolio Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-KDIP, 5.32% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 12/15/37<sup>◊,5</sup> | 2662500 | 2526310 |
| JPMDB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C4, 0.75% (WAC) due 12/15/49<sup>◊,7</sup> | 37099251 | 862814 |
| &nbsp;&nbsp;&nbsp;2018-C8, 0.67% (WAC) due 06/15/51<sup>◊,7</sup> | 34214330 | 669581 |
| &nbsp;&nbsp;&nbsp;2016-C2, 1.49% (WAC) due 06/15/49<sup>◊,7</sup> | 6420750 | 237339 |
| &nbsp;&nbsp;&nbsp;2017-C5, 0.89% (WAC) due 03/15/50<sup>◊,7</sup> | 3110578 | 83731 |
| BENCHMARK Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-B2, 0.41% (WAC) due 02/15/51<sup>◊,7</sup> | 100362005 | 1556585 |
| DBJPM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C6, 0.91% (WAC) due 06/10/50<sup>◊,7</sup> | 51396047 | 1507405 |

---

---

| | | |
|:---|:---|:---|
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-CR24, 0.69% (WAC) due 08/10/48<sup>◊,7</sup> | 53083308 | 753194 |
| &nbsp;&nbsp;&nbsp;2018-COR3, 0.44% (WAC) due 05/10/51<sup>◊,7</sup> | 35217174 | 668602 |
| Bank of America Merrill Lynch Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-BNK3, 1.01% (WAC) due 02/15/50<sup>◊,7</sup> | 29313314 | 965997 |
| &nbsp;&nbsp;&nbsp;2016-UB10, 1.75% (WAC) due 07/15/49<sup>◊,7</sup> | 10527782 | 453457 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C2, 1.08% (WAC) due 08/15/50<sup>◊,7</sup> | 22381343 | 831682 |
| &nbsp;&nbsp;&nbsp;2017-C5, 1.07% (WAC) due 11/15/50<sup>◊,7</sup> | 10930547 | 358765 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C34, 0.77% (WAC) due 11/15/52<sup>◊,7</sup> | 23486754 | 631519 |
| &nbsp;&nbsp;&nbsp;2015-C27, 0.87% (WAC) due 12/15/47<sup>◊,7</sup> | 29490475 | 502810 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-C15, 1.03% (WAC) due 03/15/52<sup>◊,7</sup> | 19391452 | 835589 |
| &nbsp;&nbsp;&nbsp;2016-C6, 1.86% (WAC) due 01/15/49<sup>◊,7</sup> | 6092798 | 285869 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-C2, 0.76% (WAC) due 12/15/51<sup>◊,7</sup> | 29473818 | 1009293 |
| CD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-CD6, 0.88% (WAC) due 11/13/50<sup>◊,7</sup> | 12808194 | 356800 |
| &nbsp;&nbsp;&nbsp;2016-CD1, 1.37% (WAC) due 08/10/49<sup>◊,7</sup> | 5786059 | 205654 |
| CGMS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-B1, 0.74% (WAC) due 08/15/50<sup>◊,7</sup> | 19989607 | 550618 |
| CD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-CD4, 1.23% (WAC) due 05/10/50<sup>◊,7</sup> | 13659210 | 540921 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C2, 1.73% (WAC) due 08/10/49<sup>◊,7</sup> | 6385015 | 292423 |
| &nbsp;&nbsp;&nbsp;2016-GC37, 1.65% (WAC) due 04/10/49<sup>◊,7</sup> | 2858644 | 116292 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-GS6, 1.01% (WAC) due 05/10/50<sup>◊,7</sup> | 11126224 | 395562 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 17.2% (continued)** | | |
| **Commercial Mortgage-Backed Securities - 2.3% (continued)** |  |  |
| BANK |  |  |
| &nbsp;&nbsp;&nbsp;2017-BNK6, 0.77% (WAC) due 07/15/60<sup>◊,7</sup> | 13852528 | $366183 |
| JPMBB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2013-C17, 0.69% (WAC) due 01/15/47<sup>◊,7</sup> | 19599058 | 85322 |
| **Total Commercial Mortgage-Backed Securities** |  | 94258208 |
| **Government Agency - 0.1%** |  |  |
| Freddie Mac Seasoned Credit Risk Transfer Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.00% due 05/25/60 | 3427743 | 2833778 |
| &nbsp;&nbsp;&nbsp;2.00% due 11/25/59 | 1958080 | 1611796 |
| Fannie Mae-Aces |  |  |
| &nbsp;&nbsp;&nbsp;1.47% (WAC) due 03/25/35<sup>◊,7</sup> | 6310054 | 658337 |
| Freddie Mac Multifamily Structured Pass-Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;0.45% (WAC) due 08/25/23<sup>◊,7</sup> | 96715374 | 162220 |
| **Total Government Agency** |  | 5266131 |
| **Total Collateralized Mortgage Obligations** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $766,527,582) |  | 702748760 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 4.0%** |  |  |
| **Technology - 1.2%** |  |  |
| Project Boost Purchaser LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 05/29/26 | 12663752 | 12196840 |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26 | 1778585 | 1711052 |
| RLDatix |  |  |
| &nbsp;&nbsp;&nbsp;8.95% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/27/25<sup>†††</sup> | 13798857 | 13477344 |
| Dun & Bradstreet |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 01/18/29 | 8535500 | 8380837 |
| &nbsp;&nbsp;&nbsp;7.64% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/06/26 | 699691 | 692072 |
| Boxer Parent Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 10/02/25 | 7167300 | 6850505 |

---

---

| | | | |
|:---|:---|:---|:---|
| Peraton Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 02/01/28 |  | 2979337 | 2904228 |
| MACOM Technology Solutions Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/17/24 |  | 1549149 | 1541403 |
| Upland Software, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 08/06/26 |  | 540634 | 513602 |
| Emerald TopCo, Inc. (Press Ganey) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 07/24/26 |  | 308328 | 281734 |
| **Total Technology** |  |  | 48549617 |
| **Consumer, Cyclical - 0.6%** |  |  |  |
| Verisure Holding AB |  |  |  |
| &nbsp;&nbsp;&nbsp;5.38% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/27/28 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;4970000 | 4927949 |
| &nbsp;&nbsp;&nbsp;3.75% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/20/26 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;430000 | 433670 |
| Amaya Holdings BV |  |  |  |
| &nbsp;&nbsp;&nbsp;4.70% (3 Month EURIBOR + 2.50%, Rate Floor: 2.50%) due 07/21/26 | EUR | 4500000 | 4665937 |
| BGIS (BIFM CA Buyer, Inc.) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26 |  | 4424374 | 4214216 |
| Packers Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.54% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 03/09/28 |  | 4176271 | 3635987 |
| Pacific Bells LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.34% (3 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 11/10/28 |  | 2424446 | 2270906 |
| Rent-A-Center, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.69% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 02/17/28 |  | 2235188 | 2148574 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 4.0% (continued)** | | |
| **Consumer, Cyclical - 0.6% (continued)** |  |  |
| New Trojan Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 01/06/28 | 2708750 | $1862266 |
| Entain Holdings (Gibraltar) Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month USD LIBOR + 2.50%, Rate Floor: 3.00%) due 03/29/27 | 1477500 | 1465961 |
| Fertitta Entertainment LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 01/27/29 | 865583 | 821334 |
| PAI Holdco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.16% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 10/28/27 | 460208 | 403547 |
| Samsonite IP Holdings SARL |  |  |
| &nbsp;&nbsp;&nbsp;6.13% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 04/25/25 | 292722 | 285623 |
| **Total Consumer, Cyclical** |  | 27135970 |
| **Industrial - 0.5%** |  |  |
| Mileage Plus Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.00% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27 | 8509950 | 8741846 |
| Harsco Corporation |  |  |
| &nbsp;&nbsp;&nbsp;6.69% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 03/10/28 | 3940000 | 3670543 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 12/09/25 | 1811702 | 1787389 |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25 | 657497 | 649745 |
| Ravago Holdings America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.23% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 03/06/28 | 1965000 | 1901137 |
| TAMKO Building Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.57% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 05/29/26 | 1763544 | 1699616 |

---

---

| | | | |
|:---|:---|:---|:---|
| CPM Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.62% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 11/17/25 |  | 1498407 | 1468439 |
| Cushman & Wakefield US Borrower LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 08/21/25 |  | 1367847 | 1334144 |
| Filtration Group Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.40% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 03/31/25 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;793223 | 819108 |
| **Total Industrial** |  |  | 22071967 |
| **Basic Materials - 0.5%** |  |  |  |
| Trinseo Materials Operating S.C.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 05/03/28 |  | 10933500 | 10154488 |
| &nbsp;&nbsp;&nbsp;6.38% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 09/06/24 |  | 1807342 | 1750863 |
| INEOS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.65% (1 Month EURIBOR + 2.75%, Rate Floor: 2.75%) due 01/29/26 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;8100000 | 8093233 |
| GrafTech Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 02/12/25 |  | 541139 | 534375 |
| **Total Basic Materials** |  |  | 20532959 |
| **Consumer, Non-cyclical - 0.5%** |  |  |  |
| Women's Care Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.87% (6 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 01/17/28 |  | 4583461 | 4276965 |
| Bombardier Recreational Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 05/24/27 |  | 4125262 | 3986035 |
| Sigma Holding BV (Flora Food) |  |  |  |
| &nbsp;&nbsp;&nbsp;3.74% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;3700000 | 3419360 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 4.0% (continued)** | | |
| **Consumer, Non-cyclical - 0.5% (continued)** |  |  |
| Spectrum Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.60% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.50%) due 03/03/28 | 3254272 | $3189186 |
| Hearthside Group Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/23/25 | 2057143 | 1823513 |
| Agiliti |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 01/04/26 | 740385 | 720950 |
| Froneri US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/29/27 | 438750 | 426259 |
| EyeCare Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 02/18/27 | 490000 | 390368 |
| Outcomes Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.98% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 10/24/25 | 383719 | 370530 |
| Pearl Intermediate Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 02/14/25 | 391775 | 364598 |
| Utz Quality Foods LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.44% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 01/20/28 | 294001 | 290740 |
| Kronos Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/26 | 75369 | 71506 |
| **Total Consumer, Non-cyclical** |  | 19330010 |
| **Communications - 0.4%** |  |  |
| Playtika Holding Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 03/13/28 | 10441000 | 9946201 |

---

---

| | | |
|:---|:---|:---|
| UPC Broadband Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;7.24% (1 Month USD LIBOR + 2.93%, Rate Floor: 2.93%) due 01/31/29 | 1746034.0 | 1702383 |
| McGraw Hill LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.25%) due 07/28/28 | 1709147.0 | 1604992 |
| Zayo Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27 | 1500000.0 | 1210815 |
| Altice US Finance I Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.57% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/15/26 | 457188.0 | 425184 |
| Ziggo Financing Partnership |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 04/28/28 | 400000.0 | 389376 |
| Virgin Media Bristol LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.82% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/31/28 | 200000.0 | 196358 |
| **Total Communications** |  | 15475309 |
| **Financial - 0.2%** |  |  |
| Nexus Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26 | 3558219.0 | 3401907 |
| Jane Street Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 01/26/28 | 2604582.0 | 2523996 |
| Trans Union LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 12/01/28 | 1600481.0 | 1582700 |
| **Total Financial** |  | 7508603 |
| **Energy - 0.1%** |  |  |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 07/10/28 | 2913125.0 | 2869428 |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 4.0% (continued)** | | |
| **Energy - 0.1% (continued)** |  |  |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.01% (1 Month USD LIBOR + 2.63%, Rate Floor: 2.63%) due 08/19/26<sup>†††</sup> | 841798 | $843902 |
| **Total Energy** |  | 3713330 |
| **Total Senior Floating Rate Interests** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $175,224,467) |  | 164317765 |
| **MUNICIPAL BONDS<sup>††</sup> - 0.1%** |  |  |
| **California - 0.1%** |  |  |
| California Public Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;1.55% due 10/15/26 | 3145000 | 2700458 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,145,000) |  | 2700458 |
| **COMMERCIAL PAPER<sup>††</sup> - 0.1%** |  |  |
| McCormick & Co, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/03/23<sup>5,11</sup> | 6000000 | 5998583 |
| **Total Commercial Paper** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $5,998,583) |  | 5998583 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional Value** | **Contracts/<br>Notional Value** | |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** | **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** |
| **Call Options on:** | | | |
| **Interest Rate Options** | | |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 120100000 | 508990 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 119000000 | 504328 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring December 2023 with strike price of $0.10 | USD | 120100000 | 447545 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 120000000 | 447173 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 59950000 | 254071 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 58950000 | 249833 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 48900000 | 207241 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 48900000 | 182223 |
| **Total Interest Rate Options** |  |  | 2801404 |
| **Total OTC Options Purchased** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,968,935) |  |  | 2801404 |
| **Total Investments - 99.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,397,700,955) |  |  | $4049975278 |
| **Other Assets & Liabilities, net - 0.7%** |  |  | 29840681 |
| **Total Net Assets - 100.0%** |  |  | $4079815959 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts |  |  |  |
| **Description** | **Number of Contracts** | **Expiration Date** | **Notional Amount** | **Value and Unrealized**<br> **Depreciation<sup>\*\*</sup>** |
| **Interest Rate Futures Contracts Purchased<sup>†</sup>** |  |  |  |  |
| 3-Month SOFR Futures Contracts | 1075 | Mar 2024 | $256508438 | $(684650) |

---

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements Protection Sold<sup>††</sup>** | | |
| **Counterparty** | **Exchange** | **Index** | **Protection Premium Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Value** | <br>**Upfront Premiums Paid(Received)** | <br>**Unrealized Depreciation<sup>\*\*</sup>** |
| BofA Securities, Inc. | ICE | CDX.NA.IG.33.V1 | 1.00% | Quarterly | 12/20/24 | $30000000 | $209071 | $418347 | $(209276) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | |
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid (Received)** | <br>**Unrealized Appreciation<sup>\*\*</sup>** |
| BofA Securities, Inc. CME | Receive | U.S. Secured Overnight Financing Rate | 2.68% | Annually | 04/22/37 | $3157000 | $299187 | $316 | $298871 |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 3.79% | Annually | 10/03/27 | 115000000 | 40224 | (42680) | 82904 |
|  |  |  |  |  |  |  | $339411 | $(42364) | $381775 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** |
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | **Settlement Date** | **Unrealized Appreciation (Depreciation)** |
| Barclays Bank plc | EUR | Buy | 2420000 | 2,574,121 USD | 01/17/23 | $20206 |
| Barclays Bank plc | EUR | Sell | 400000 | 427,823 USD | 03/31/23 | (3177) |
| Barclays Bank plc | EUR | Sell | 37488000 | 39,936,866 USD | 01/17/23 | (251620) |
|  |  |  |  |  |  | $(234591) |

---

---

| | |
|:---|:---|
| *<sup>~</sup>* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *<sup>1</sup>* | *Special Purpose Acquisition Company (SPAC).* |
| *<sup>2</sup>* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *<sup>3</sup>* | *Affiliated issuer.* |
| *<sup>4</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>5</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $2,689,691,056 (cost $2,929,557,121), or 65.9% of total net assets.* |
| *<sup>6</sup>* | *Perpetual maturity.* |
| *<sup>7</sup>* | *Security is an interest-only strip.* |
| *<sup>8</sup>* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |
| *<sup>9</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $62,719,027 (cost $65,584,357), or 1.5% of total net assets — See Note 6.* |
| *<sup>10</sup>* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2022. See table below for additional step information for each security.* |
| *<sup>11</sup>* | *Rate indicated is the effective yield at the time of purchase.* |

---

*BofA — Bank of America*

*CDX.NA.IG.33.V1 — Credit Default Swap North American Investment Grade Series 33 Index Version 1*

*CME — Chicago Mercantile Exchange*

*CMS — Constant Maturity Swap*

*EUR — Euro*

*EURIBOR — European Interbank Offered Rate*

*ICE — Intercontinental Exchange*

*LIBOR — London Interbank Offered Rate*

*plc — Public Limited Company*

*REMIC — Real Estate Mortgage Investment Conduit*

*REIT — Real Estate Investment Trust*

*SARL — Société à Responsabilité Limitée*

*SOFR — Secured Overnight Financing Rate*

*WAC — Weighted Average Coupon*

 

*See Sector Classification in Other Information section.*

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $8387813 | $— | $— | $8387813 |
| Preferred Stocks |  | 24906433 |  | 24906433 |
| Warrants | 20336 | 1323 |  | 21659 |
| Mutual Funds | 88444635 |  |  | 88444635 |
| Money Market Funds | 96254445 |  |  | 96254445 |
| Corporate Bonds |  | 1473711441 | 34766991 | 1508478432 |
| Asset-Backed Securities |  | 1313280008 | 131634883 | 1444914891 |
| Collateralized Mortgage Obligations |  | 678079844 | 24668916 | 702748760 |
| Senior Floating Rate Interests |  | 149996519 | 14321246 | 164317765 |
| Municipal Bonds |  | 2700458 |  | 2700458 |
| Commercial Paper |  | 5998583 |  | 5998583 |
| Options Purchased |  | 2801404 |  | 2801404 |
| Interest Rate Swap Agreements\*\* |  | 381775 |  | 381775 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 20206 |  | 20206 |
| Total Assets | $193107229 | $3651877994 | $205392036 | $4050377259 |
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2 <br> Significant <br> Observable <br> Inputs** | **Level 3 <br> Significant <br> Unobservable <br> Inputs** | **Total** |
| Interest Rate Futures Contracts\*\* | $684650 | $— | $— | $684650 |
| Credit Default Swap Agreements\*\* |  | 209276 |  | 209276 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 254797 |  | 254797 |
| Total Liabilities | $684650 | $464073 | $— | $1148723 |

---

*<sup>\*\*</sup>* *This derivative is reported as unrealized appreciation/depreciation at period end.*

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at December 31, 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $54001091 | Third Party Pricing | Broker Quote |  |  |
| Asset-Backed Securities | 44495638 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Asset-Backed Securities | 19857461 | Yield Analysis | Yield | 6.2%-6.8% | 6.7% |
| Asset-Backed Securities | 13280497 | Third Party Pricing | Vendor Price |  |  |
| Asset-Backed Securities | 196 | Model Price | Purchase Price |  |  |
| Collateralized Mortgage Obligations | 24668916 | Model Price | Market Comparable Yields | 7.7% |  |
| Corporate Bonds | 19910436 | Yield Analysis | Yield | 6.1%-6.4% | 6.3% |
| Corporate Bonds | 11278305 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | 3578250 | Third Party Pricing | Vendor Price |  |  |
| Senior Floating Rate Interests | 843902 | Third Party Pricing | Vendor Price |  |  |
| Senior Floating Rate Interests | 13477344 | Yield Analysis | Yield | 10.2% |  |
| Total Assets | $205392036 |  |  |  |  |

---

\* *Inputs are weighted by the fair value of the instruments.*

Significant changes in a quote, yield or market comparable yields would generally result in significant changes in the fair value of the security.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had securities with a total value of $33,100,000 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $1,862,266 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

**Summary of Fair Value Level 3 Activity**

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | |
| | **Asset-Backed Securities** | **Collateralized**<br> **Mortgage**<br> **Obligations** | **Corporate**<br> **Bonds** | **Senior <br> Floating Rate <br> Interests** |<br>**Total Assets** |
| Beginning Balance | $138990860 | $24443994 | $39180570 | $16423965 | $219039389 |
| Purchases/(Receipts) | 22094110 |  |  |  | 22094110 |
| (Sales, maturities and paydowns)/Fundings | (63945998) |  | (4396936) | (6875) | (68349809) |
| Amortization of premiums/discounts | 24116 | 31 | (37431) | 28545 | 15261 |
| Total realized gains (losses) included in earnings | (2618039) |  | (503065) |  | (3121104) |
| Total change in unrealized appreciation (depreciation) included in earnings | 3989834 | 224891 | 523853 | (262123) | 4476455 |
| Transfers into Level 3 | 33100000 |  |  |  | 33100000 |
| Transfers out of Level 3 | - | - | - | (1862266) | (1862266) |
| &nbsp;&nbsp;&nbsp;Ending Balance | $131634883 | $24668916 | $34766991 | $14321246 | $205392036 |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2022 | $(158972) | $224891 | $(27832) | $(88736) | $(50649) |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

---

| | |
|:---|:---|
| **Limited Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Coupon Rate at <br> Next Reset Date** | **Next Rate<br> Reset Date** | **Future Reset<br> Rate** | **Future Reset Date** |
| BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70 | 6.13% | 01/30/25 |  |  |
| BRAVO Residential Funding Trust 2021-C, 1.62% due 03/01/61 | 4.62% | 09/26/24 | 5.62% | 09/26/25 |
| Citigroup Mortgage Loan Trust 2022-A, 6.17% due 09/25/62 | 9.17% | 09/25/25 | 10.17% | 09/25/26 |
| CSMC Trust 2020-NQM1, 1.41% due 05/25/65 | 2.41% | 09/26/24 |  |  |
| Legacy Mortgage Asset Trust 2021-GS3, 1.75% due 07/25/61 | 4.75% | 05/26/24 | 5.75% | 05/26/25 |
| Legacy Mortgage Asset Trust 2021-GS4, 1.65% due 11/25/60 | 4.65% | 08/26/24 | 5.65% | 08/26/25 |
| Legacy Mortgage Asset Trust 2021-GS5, 2.25% due 07/25/67 | 5.25% | 11/26/24 | 6.25% | 11/26/25 |
| Legacy Mortgage Asset Trust 2021-GS2, 1.75% due 04/25/61 | 4.75% | 04/26/24 | 5.75% | 04/26/25 |
| NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62 | 8.25% | 07/01/25 | 9.25% | 07/01/26 |
| NYMT Loan Trust 2021-SP1, 1.67% due 08/25/61 | 4.67% | 08/26/24 | 5.67% | 08/26/25 |
| OBX Trust 2022-NQM9, 6.45% due 09/25/62 | 7.45% | 11/01/26 |  |  |
| OSAT Trust 2021-RPL1, 2.12% due 05/25/65 | 5.12% | 06/26/24 | 6.12% | 06/26/25 |
| PRPM LLC 2022-1, 3.72% due 02/25/27 | 6.72% | 02/25/25 | 7.72% | 02/25/26 |
| PRPM LLC 2021-5, 1.79% due 06/25/26 | 4.79% | 06/26/24 | 5.79% | 06/26/25 |
| Verus Securitization Trust 2020-1, 2.42% due 01/25/60 | 3.42% | 01/26/24 |  |  |
| Verus Securitization Trust 2019-4, 2.64% due 11/25/59 | 3.64% | 10/26/23 |  |  |
| Verus Securitization Trust 2020-5, 1.58% due 05/25/65 | 2.58% | 10/26/24 |  |  |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments ("GI"), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the "Short Term Investment Vehicles"), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2022, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126822000340/gug84768.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value 09/30/22** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 12/31/22** | **Shares 12/31/22** | **Investment Income** |
| **Mutual Funds** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund II | $29251332 | $348862 | $– | $– | $86272 | $29686466 | 1234878 | $347124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund III | 29345878 | 374997 |  |  | 49593 | 29770468 | 1237343 | 373537 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Ultra Short Duration Fund — Institutional Class | 28551935 | 286022 | – | – | 149744 | 28987701 | 3007023 | 283372 |
|  | $87149145 | $1009881 | $– | $– | $285609 | $88444635 |  | $1004033 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 1.3%** | **COMMON STOCKS<sup>†</sup> - 1.3%** | **COMMON STOCKS<sup>†</sup> - 1.3%** |
| **Financial - 1.1%** | **Financial - 1.1%** | **Financial - 1.1%** |
| Aequi Acquisition Corp. — Class A<sup>\*,1</sup> | 999157 | $9791738 |
| AfterNext HealthTech Acquisition Corp. — Class A<sup>\*,1</sup> | 895600 | 8973912 |
| MSD Acquisition Corp. — Class A<sup>\*,1</sup> | 833026 | 8413563 |
| Conyers Park III Acquisition Corp. — Class A<sup>\*,1</sup> | 832100 | 8204506 |
| TPG Pace Beneficial II Corp.<sup>\*,1</sup> | 807638 | 7935043 |
| Waverley Capital Acquisition Corp. 1 — Class A<sup>\*,1</sup> | 786700 | 7882734 |
| Acropolis Infrastructure Acquisition Corp. — Class A<sup>\*,1</sup> | 578278 | 5730735 |
| Blue Whale Acquisition Corp. I — Class A<sup>\*,1</sup> | 477700 | 4676683 |
| Pershing Square Tontine Holdings, Ltd. — Class A<sup>\*,†††,1</sup> | 6864930 | 687 |
| **Total Financial** |  | 61609601 |
| **Utilities - 0.1%** |  |  |
| Texgen Power LLC<sup>\*,††</sup> | 180169 | 4684394 |
| **Consumer, Cyclical - 0.1%** |  |  |
| ATD New Holdings, Inc.<sup>\*,††</sup> | 42478 | 2973460 |
| **Communications - 0.0%** |  |  |
| Vacasa, Inc. — Class A<sup>\*</sup> | 503817 | 634810 |
| Figs, Inc. — Class A<sup>\*</sup> | 55695 | 374827 |
| **Total Communications** |  | 1009637 |
| **Industrial - 0.0%** |  |  |
| Schur Flexibles GmbH — Class A<sup>\*</sup> | 1661 | 863720 |
| BP Holdco LLC<sup>\*,†††,3</sup> | 37539 | 22763 |
| Vector Phoenix Holdings, LP<sup>\*,†††</sup> | 37539 | 8970 |
| Targus, Inc.<sup>\*,†††</sup> | 12773 | 4849 |
| Targus, Inc.<sup>\*,†††</sup> | 12773 | 377 |
| Targus, Inc.<sup>\*,†††</sup> | 12773 | 377 |
| API Heat Transfer Parent LLC<sup>\*,†††</sup> | 1763707 | 176 |
| Targus, Inc.<sup>\*,†††</sup> | 12773 | 124 |
| Targus, Inc.<sup>\*,†††</sup> | 12773 | 1 |
| Targus, Inc.<sup>\*,†††</sup> | 12773 | 1 |
| **Total Industrial** |  | 901358 |
| **Energy - 0.0%** |  |  |
| Permian Production Partners LLC<sup>†††</sup> | 573522 | 470288 |
| **Technology - 0.0%** |  |  |
| Qlik Technologies, Inc. - Class A<sup>\*,†††</sup> | 177 | 266674 |
| Qlik Technologies, Inc. - Class B<sup>\*,†††</sup> | 43738 | 5 |
| **Total Technology** |  | 266679 |
| **Consumer, Non-cyclical - 0.0%** |  |  |
| Cengage Learning Holdings II, Inc.<sup>\*,††</sup> | 21660 | 242332 |
| Save-A-Lot<sup>\*,††</sup> | 22703 | 7560 |
| **Total Consumer, Non-cyclical** |  | 249892 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $70,450,370) |  | 72165309 |
| **PREFERRED STOCKS<sup>††</sup> - 6.6%** |  |  |
| **Financial - 6.2%** |  |  |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.90%<sup>\*</sup> | 25750000 | 22538074 |
| &nbsp;&nbsp;&nbsp;4.70% | 982000 | 18058980 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88%<sup>\*</sup> | 30600000 | 26086500 |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*</sup> | 13100000 | 11411672 |
| First Republic Bank |  |  |
| &nbsp;&nbsp;&nbsp;4.25% | 1139250 | 18717878 |
| &nbsp;&nbsp;&nbsp;4.50% | 699775 | 12078116 |
| &nbsp;&nbsp;&nbsp;4.13% | 328975 | 5263600 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.95%<sup>\*</sup> | 24550000 | 23143285 |
| &nbsp;&nbsp;&nbsp;4.30% | 616000 | 10897040 |
| Markel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.00%<sup>\*</sup> | 32370000 | 31317975 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.38%<sup>\*</sup> | 14143475 | 16880478 |
| &nbsp;&nbsp;&nbsp;6.13%<sup>\*</sup> | 5800000 | 5691250 |
| &nbsp;&nbsp;&nbsp;4.13% | 271500 | 4534050 |
| Kuvare US Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 02/17/51<sup>\*,4</sup> | 19150000 | 19341500 |
| W R Berkley Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 03/30/61 | 878365 | 15573411 |
| &nbsp;&nbsp;&nbsp;4.25% due 09/30/60 | 115042 | 2130578 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13%<sup>\*</sup> | 20500000 | 17064269 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.75%<sup>\*</sup> | 20550000 | 16552138 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*</sup> | 18700000 | 14912315 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.85%<sup>\*</sup> | 12200000 | 11330750 |
| Public Storage |  |  |
| &nbsp;&nbsp;&nbsp;4.63% | 571245 | 10916492 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 10/15/52 | 300400 | 7795380 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 11/25/60 | 324000 | 5478840 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 01/15/61 | 258000 | 5209020 |
| American Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/60 | 270159 | 5022256 |
| Selective Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.60% | 246000 | 4120500 |
| PartnerRe Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% | 208352 | 3921185 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 09/01/60 | 202225 | 3670384 |
| B Riley Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/31/24 | 401 | 9784 |
| **Total Financial** |  | 349667700 |
| **Government - 0.4%** |  |  |
| CoBank ACB |  |  |
| &nbsp;&nbsp;&nbsp;4.25%<sup>\*</sup> | 20000000 | 16966519 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;**Shares** | **Value** |
| **PREFERRED STOCKS<sup>††</sup> - 6.6% (continued)** |  |  |
| **Government - 0.4% (continued)** |  |  |
| Farmer Mac |  |  |
| &nbsp;&nbsp;&nbsp;5.75% | 378000 | $8151570 |
| **Total Government** |  | 25118089 |
| **Industrial - 0.0%** |  |  |
| API Heat Transfer Intermediate<sup>\*,†††</sup> | 218 | – |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $459,158,205) |  | 374785789 |
| **WARRANTS<sup>†</sup> - 0.0%** |  |  |
| Conyers Park III Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/12/28<sup>\*,1</sup> | 277366 | 41328 |
| Ginkgo Bioworks Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/01/26<sup>\*</sup> | 128004 | 25601 |
| Acropolis Infrastructure Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 03/31/26<sup>\*,1</sup> | 192759 | 23131 |
| AfterNext HealthTech Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 298533 | 22390 |
| MSD Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 05/13/23<sup>\*,1</sup> | 166604 | 12495 |
| Waverley Capital Acquisition Corp. 1 — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 04/30/27<sup>\*,††,1</sup> | 262232 | 10516 |
| Aequi Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 11/30/27<sup>\*,1</sup> | 333052 | 9325 |
| Blue Whale Acquisition Corp. I — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 119424 | 8515 |
| Pershing Square Tontine Holdings, Ltd. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/24/25<sup>\*,†††,1</sup> | 762770 | 76 |
| **Total Warrants** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,400,900) |  | 153377 |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 0.7%** |  |  |
| VanEck Gold Miners ETF | 1430590 | 41000709 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $54,624,676) |  | 41000709 |
| **MUTUAL FUNDS<sup>†</sup> - 3.0%** |  |  |
| Guggenheim Risk Managed Real Estate Fund — Institutional Class<sup>3</sup> | 2029045 | 59877128 |
| Guggenheim Ultra Short Duration Fund — Institutional Class<sup>3</sup> | 4821853 | 46482662 |
| Guggenheim Alpha Opportunity Fund — Institutional Class<sup>3</sup> | 1017008 | 26686286 |
| Guggenheim Strategy Fund II<sup>3</sup> | 760561 | 18283883 |
| Guggenheim Strategy Fund III<sup>3</sup> | 738417 | 17766313 |
| **Total Mutual Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $180,156,634) |  | 169096272 |
| **CLOSED-END FUNDS<sup>†</sup> - 0.5%**<br>|  |  |
| Blackstone Strategic Credit Fund | 1008093 | 10665624 |
| BlackRock Credit Allocation Income Trust | 603036 | 6090664 |
| BlackRock Corporate High Yield Fund, Inc. | 561368 | 4906356 |
| Ares Dynamic Credit Allocation Fund, Inc. | 345728 | 4006988 |
| BlackRock Debt Strategies Fund, Inc. | 279789 | 2574059 |
| Western Asset High Income Opportunity Fund, Inc. | 351953 | 1390214 |
| Eaton Vance Limited Duration Income Fund | 91098 | 855410 |
| **Total Closed-End Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $33,263,060) |  | 30489315 |
| **MONEY MARKET FUNDS<sup>†</sup> - 0.3%** |  |  |
| Western Asset Institutional U.S. Treasury Reserves — Institutional Shares, 3.96%<sup>5</sup> | 7447179 | 7447178 |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.17%<sup>5</sup> | 6757310 | 6757311 |
| Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 3.82%<sup>5</sup> | 1301928 | 1301928 |
| **Total Money Market Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $15,506,417) |  | 15506417 |
|  | **Face**<br> **Amount<sup>~</sup>** |  |
| **CORPORATE BONDS<sup>††</sup> - 33.2%** |  |  |
| **Financial - 10.0%** |  |  |
| Pershing Square Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 10/01/31 | 33500000 | 25200040 |
| &nbsp;&nbsp;&nbsp;3.25% due 11/15/30<sup>4</sup> | 15100000 | 11756407 |
| NFP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 08/15/28<sup>4</sup> | 28700000 | 23656807 |
| &nbsp;&nbsp;&nbsp;7.50% due 10/01/30<sup>4</sup> | 4150000 | 3902592 |
| &nbsp;&nbsp;&nbsp;4.88% due 08/15/28<sup>4</sup> | 3950000 | 3362618 |
| Wilton RE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.00%<sup>4,6,7</sup> | 31350000 | 27145025 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/31 | 22640000 | 19420592 |
| &nbsp;&nbsp;&nbsp;5.30% due 01/15/29 | 6950000 | 6577063 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>4</sup> | 21650000 | 16524913 |
| &nbsp;&nbsp;&nbsp;2.88% due 10/15/26<sup>4</sup> | 8750000 | 7500171 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 02/01/61<sup>4</sup> | 36940000 | 22533400 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 07/15/32<sup>4</sup> | 25025000 | 21687069 |
| &nbsp;&nbsp;&nbsp;4.50% due 02/15/31<sup>4</sup> | 925000 | 760295 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 33.2% (continued)** | | | |
| **Financial - 10.0% (continued)** |  |  |  |
| CBS Studio Center |  |  |  |
| &nbsp;&nbsp;&nbsp;6.81% (30 Day Average SOFR + 3.00%, Rate Floor: 3.00%) due 01/09/24<sup>◊,†††</sup> |  | 22000000 | $22220000 |
| United Wholesale Mortgage LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 11/15/25<sup>4</sup> |  | 12600000 | 11347811 |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/29<sup>4</sup> |  | 7150000 | 5687683 |
| &nbsp;&nbsp;&nbsp;5.75% due 06/15/27<sup>4</sup> |  | 4550000 | 3917055 |
| Host Hotels & Resorts, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 09/15/30 |  | 24000000 | 19806430 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>4</sup> |  | 23000000 | 18761790 |
| FS KKR Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 07/15/27 |  | 21000000 | 17664445 |
| LPL Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/15/29<sup>4</sup> |  | 14788000 | 12867039 |
| &nbsp;&nbsp;&nbsp;4.38% due 05/15/31<sup>4</sup> |  | 5500000 | 4675822 |
| Global Atlantic Finance Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 10/15/51<sup>4,7</sup> |  | 22350000 | 17023275 |
| Starwood Property Trust, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 01/15/27<sup>4</sup> |  | 19000000 | 16626433 |
| JPMorgan Chase & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.72% due 09/14/33<sup>7</sup> |  | 16800000 | 16397698 |
| Nationwide Mutual Insurance Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.35% due 04/30/50<sup>4</sup> |  | 21150000 | 15797292 |
| Hampton Roads PPV LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.62% due 06/15/53<sup>4</sup> |  | 16735000 | 14235097 |
| Sherwood Financing plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 11/15/26<sup>4</sup> | EUR | 15600000 | 13428832 |
| Kennedy-Wilson, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 03/01/31 |  | 16825000 | 12664896 |
| &nbsp;&nbsp;&nbsp;4.75% due 02/01/30 |  | 250000 | 190625 |
| &nbsp;&nbsp;&nbsp;4.75% due 03/01/29 |  | 25000 | 19814 |
| Wilton Re Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 03/30/33<sup>4,7</sup> |  | 11815000 | 11690915 |
| Hunt Companies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>4</sup> |  | 13700000 | 11515020 |
| Ceamer Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.92% due 05/15/38<sup>†††</sup> |  | 11050000 | 10562805 |
| Corebridge Financial, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/52<sup>4,7</sup> |  | 10750000 | 9933373 |
| First American Financial Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/15/30 |  | 11760000 | 9848553 |
| OneMain Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/15/30 |  | 11750000 | 8767141 |
| Jane Street Group / JSG Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 11/15/29<sup>4</sup> |  | 9650000 | 8299000 |
| OneAmerica Financial Partners, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/50<sup>4</sup> |  | 11550000 | 8218203 |
| Home Point Capital, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>4</sup> |  | 11576000 | 8004690 |
| SLM Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 11/02/26 |  | 8857000 | 7532434 |
| HUB International Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 12/01/29<sup>4</sup> |  | 8500000 | 7423751 |
| QBE Insurance Group Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.88%<sup>4,6,7</sup> |  | 7550000 | 7117220 |
| Toronto-Dominion Bank |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 10/31/82<sup>7</sup> |  | 6300000 | 6552000 |
| PartnerRe Finance B LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/50<sup>7</sup> |  | 6460000 | 5589833 |
| Cushman & Wakefield US Borrower LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/28<sup>4</sup> |  | 5303000 | 5060971 |
| Bank of Nova Scotia |  |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/27/82<sup>7</sup> |  | 4650000 | 4834311 |
| American Equity Investment Life Holding Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/15/27 |  | 4813000 | 4557405 |
| AmWINS Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/30/29<sup>4</sup> |  | 4065000 | 3447716 |
| Accident Fund Insurance Company of America |  |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 08/01/32<sup>4</sup> |  | 3000000 | 3070564 |
| SBA Communications Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 02/01/29 |  | 3100000 | 2577619 |
| Prudential Financial, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 03/01/52<sup>7</sup> |  | 2750000 | 2502500 |
| Jones Deslauriers Insurance Management, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 12/15/30<sup>4</sup> |  | 1700000 | 1674252 |
| Platinum for Belize Blue Investment Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2.10% due 10/20/40<sup>†††,4,8</sup> |  | 1900000 | 1595202 |
| Atlas Mara Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 12/31/21<sup>†††,9,10</sup> |  | 4642499 | 1559880 |
| Iron Mountain Information Management Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/32<sup>4</sup> |  | 1726000 | 1433789 |
| **Total Financial** |  |  | 566728176 |
| **Communications - 5.0%** |  |  |  |
| British Telecommunications plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 11/23/81<sup>4,7</sup> |  | 28200000 | 22184748 |
| &nbsp;&nbsp;&nbsp;4.25% due 11/23/81<sup>4,7</sup> |  | 5250000 | 4392042 |
| McGraw-Hill Education, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 08/01/29<sup>4</sup> |  | 26800000 | 22162729 |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>4</sup> |  | 4550000 | 3823683 |
| Level 3 Financing, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 07/01/28<sup>4</sup> |  | 21627000 | 17035588 |
| &nbsp;&nbsp;&nbsp;3.75% due 07/15/29<sup>4</sup> |  | 7600000 | 5467213 |
| &nbsp;&nbsp;&nbsp;3.88% due 11/15/29<sup>4</sup> |  | 2600000 | 2051752 |
| Altice France S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>4</sup> |  | 13250000 | 9934097 |
| &nbsp;&nbsp;&nbsp;5.50% due 10/15/29<sup>4</sup> |  | 11760000 | 8967353 |
| Virgin Media Finance plc |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/30<sup>4,11</sup> |  | 21400000 | 17164084 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 33.2% (continued)** | | | |
| **Communications - 5.0% (continued)** |  |  |  |
| CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 12/01/30<sup>4</sup> |  | 20950000 | $14787138 |
| &nbsp;&nbsp;&nbsp;3.38% due 02/15/31<sup>4</sup> |  | 3275000 | 2135743 |
| UPC Broadband Finco BV |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/31<sup>4</sup> |  | 20200000 | 16802259 |
| LCPR Senior Secured Financing DAC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>4</sup> |  | 16250000 | 13461633 |
| &nbsp;&nbsp;&nbsp;6.75% due 10/15/27<sup>4</sup> |  | 2070000 | 1935450 |
| Vodafone Group plc |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 06/04/81<sup>7</sup> |  | 16875000 | 12292256 |
| VZ Secured Financing BV |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/15/32<sup>4</sup> |  | 15050000 | 12229952 |
| CCO Holdings LLC / CCO Holdings Capital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/33<sup>4</sup> |  | 14265000 | 10944536 |
| Cable One, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 11/15/30<sup>4</sup> |  | 12575000 | 9867801 |
| Rogers Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.55% due 03/15/52<sup>4</sup> |  | 9800000 | 7597804 |
| Paramount Global |  |  |  |
| &nbsp;&nbsp;&nbsp;4.95% due 05/19/50 |  | 10340000 | 7521503 |
| Sirius XM Radio, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/30<sup>4</sup> |  | 8900000 | 7344369 |
| Match Group Holdings II LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/28<sup>4</sup> |  | 7700000 | 6864242 |
| Virgin Media Secured Finance plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 08/15/30<sup>4</sup> |  | 7950000 | 6641629 |
| AMC Networks, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 02/15/29 |  | 10200000 | 6355594 |
| Telenet Finance Luxembourg Notes SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/28 |  | 7000000 | 6300000 |
| Radiate Holdco LLC / Radiate Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/26<sup>4</sup> |  | 7054000 | 5182574 |
| Cengage Learning, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.50% due 06/15/24<sup>4</sup> |  | 5039000 | 4805946 |
| Ziggo BV |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 01/15/30<sup>4</sup> |  | 5164000 | 4321080 |
| Cogent Communications Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 06/15/27<sup>4</sup> |  | 3750000 | 3674730 |
| Virgin Media Vendor Financing Notes IV DAC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/28<sup>4</sup> |  | 3650000 | 3190492 |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |  |
| &nbsp;&nbsp;&nbsp;3.90% due 06/01/52 |  | 3500000 | 2197393 |
| TripAdvisor, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 07/15/25<sup>4</sup> |  | 1800000 | 1778463 |
| CSC Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/30<sup>†††,4</sup> |  | 2715000 | 1461145 |
| Zayo Group Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/01/27<sup>4</sup> |  | 700000 | 516999 |
| **Total Communications** |  |  | 283394020 |
| **Consumer, Non-cyclical - 3.5%** |  |  |  |
| Medline Borrower, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 04/01/29<sup>4</sup> |  | 20825000 | 16784117 |
| &nbsp;&nbsp;&nbsp;5.25% due 10/01/29<sup>4</sup> |  | 7200000 | 5718744 |
| DaVita, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>4</sup> |  | 9649000 | 7761913 |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>4</sup> |  | 5928000 | 4424363 |
| US Foods, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 02/15/29<sup>4</sup> |  | 6550000 | 5815876 |
| &nbsp;&nbsp;&nbsp;6.25% due 04/15/25<sup>4</sup> |  | 4203000 | 4159008 |
| Bausch Health Companies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/01/28<sup>4</sup> |  | 15600000 | 9922252 |
| Block, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 06/01/26 |  | 9711000 | 8675807 |
| Prime Security Services Borrower LLC / Prime Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/31/27<sup>4</sup> |  | 7300000 | 6301248 |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/24<sup>4</sup> |  | 1900000 | 1866389 |
| BCP V Modular Services Finance II plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/30/28<sup>4</sup> | EUR | 9000000 | 8048624 |
| Sabre GLBL, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/01/25<sup>4</sup> |  | 8222000 | 7901671 |
| Sotheby's/Bidfair Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/01/29<sup>4</sup> |  | 9400000 | 7893182 |
| JBS USA LUX S.A. / JBS USA Food Company / JBS USA Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/02/52<sup>4</sup> |  | 6500000 | 4595008 |
| &nbsp;&nbsp;&nbsp;3.75% due 12/01/31<sup>4,11</sup> |  | 3400000 | 2777463 |
| Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/31/26<sup>4</sup> |  | 5500000 | 4757500 |
| &nbsp;&nbsp;&nbsp;7.00% due 12/31/27<sup>4</sup> |  | 2991000 | 2460098 |
| Option Care Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 10/31/29<sup>4</sup> |  | 7736000 | 6766756 |
| Cheplapharm Arzneimittel GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 01/15/28<sup>4</sup> |  | 8085000 | 6760677 |
| TreeHouse Foods, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/28 |  | 7575000 | 6438750 |
| HealthEquity, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/29<sup>4</sup> |  | 6900000 | 6029910 |
| Smithfield Foods, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 10/15/30<sup>4</sup> |  | 7000000 | 5329751 |
| FAGE International S.A. / FAGE USA Dairy Industry, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 08/15/26<sup>4</sup> |  | 5232000 | 4853412 |
| Central Garden & Pet Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 04/30/31<sup>4</sup> |  | 5300000 | 4387472 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 33.2% (continued)** | | | |
| **Consumer, Non-cyclical - 3.5% (continued)** |  |  |  |
| ADT Security Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/32<sup>4</sup> |  | 5150000 | $4376619 |
| Chrome Bidco |  |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 05/31/28<sup>4</sup> | EUR | 4800000 | 4305451 |
| CPI CG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 03/15/26<sup>4</sup> |  | 4269000 | 4195050 |
| Spectrum Brands, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 07/15/30<sup>4</sup> |  | 4726000 | 4170854 |
| Carriage Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 05/15/29<sup>4</sup> |  | 4575000 | 3632999 |
| WW International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 04/15/29<sup>4</sup> |  | 7050000 | 3522109 |
| CAB SELAS |  |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 02/01/28<sup>4</sup> | EUR | 4100000 | 3517560 |
| Endo Luxembourg Finance Company I SARL / Endo US, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 04/01/29<sup>4,9</sup> |  | 4400000 | 3337966 |
| Post Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/30<sup>4</sup> |  | 1725000 | 1488227 |
| &nbsp;&nbsp;&nbsp;5.50% due 12/15/29<sup>4</sup> |  | 1300000 | 1176389 |
| Service Corporation International |  |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/15/30 |  | 3160000 | 2568786 |
| Legends Hospitality Holding Company LLC / Legends Hospitality Co-Issuer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>4</sup> |  | 2775000 | 2469750 |
| Molina Healthcare, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 06/15/28<sup>4</sup> |  | 1770000 | 1615284 |
| Par Pharmaceutical, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 04/01/27<sup>4,9</sup> |  | 1825000 | 1386954 |
| Tenet Healthcare Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/15/28<sup>4</sup> |  | 975000 | 872373 |
| &nbsp;&nbsp;&nbsp;5.13% due 11/01/27<sup>4</sup> |  | 550000 | 511632 |
| Syneos Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 01/15/29<sup>4</sup> |  | 1600000 | 1274152 |
| Altria Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.45% due 05/06/50 |  | 1670000 | 1182517 |
| Rent-A-Center, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 02/15/29<sup>4</sup> |  | 1450000 | 1172975 |
| Performance Food Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 05/01/25<sup>4</sup> |  | 304000 | 304000 |
| **Total Consumer, Non-cyclical** |  |  | 197511638 |
| **Industrial - 3.5%** |  |  |  |
| Boeing Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.71% due 05/01/40 |  | 16010000 | 15266535 |
| &nbsp;&nbsp;&nbsp;5.81% due 05/01/50 |  | 16010000 | 14844085 |
| New Enterprise Stone & Lime Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/28<sup>4</sup> |  | 10989000 | 9757910 |
| &nbsp;&nbsp;&nbsp;9.75% due 07/15/28<sup>4</sup> |  | 5350000 | 4943077 |
| IP Lending I LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/08/25<sup>†††,4</sup> |  | 15347531 | 13927885 |
| Standard Industries, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 07/15/30<sup>4</sup> |  | 11025000 | 8984543 |
| &nbsp;&nbsp;&nbsp;3.38% due 01/15/31<sup>4</sup> |  | 6552000 | 4930402 |
| Great Lakes Dredge & Dock Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 06/01/29<sup>4</sup> |  | 15785000 | 12271259 |
| Artera Services LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.03% due 12/04/25<sup>4</sup> |  | 14385000 | 11984000 |
| TopBuild Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 02/15/32<sup>4</sup> |  | 8850000 | 7191598 |
| &nbsp;&nbsp;&nbsp;3.63% due 03/15/29<sup>4</sup> |  | 5550000 | 4550472 |
| Flowserve Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 10/01/30 |  | 10270000 | 8560658 |
| Dyal Capital Partners IV |  |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/22/41<sup>†††</sup> |  | 10950000 | 8399855 |
| GrafTech Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/15/28<sup>4</sup> |  | 10000000 | 8212226 |
| Arcosa, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 04/15/29<sup>4</sup> |  | 9400000 | 8151498 |
| Pactiv Evergreen Group Issuer Incorporated/Pactiv Evergreen Group Issuer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/27<sup>4</sup> |  | 8436000 | 7483579 |
| Mauser Packaging Solutions Holding Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 04/15/24<sup>4</sup> |  | 6550000 | 6418725 |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/24<sup>4</sup> |  | 800000 | 777878 |
| IP Lending II Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 07/15/25<sup>†††,4</sup> |  | 7450000 | 7114750 |
| Deuce FinCo plc |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 06/15/27<sup>4</sup> | GBP | 7350000 | 7068333 |
| Atkore, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 06/01/31<sup>4</sup> |  | 6875000 | 5895312 |
| PGT Innovations, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 10/01/29<sup>4</sup> |  | 5240000 | 4387151 |
| Adevinta ASA |  |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 11/15/27 | EUR | 3433000 | 3244749 |
| Harsco Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/31/27<sup>4</sup> |  | 4075000 | 3217484 |
| Howmet Aerospace, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.95% due 02/01/37 |  | 2925000 | 2839436 |
| TK Elevator US Newco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/27<sup>4</sup> |  | 3000000 | 2662620 |
| EnerSys |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/30/23<sup>4</sup> |  | 1900000 | 1892286 |
| Builders FirstSource, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 06/15/32<sup>4</sup> |  | 800000 | 751397 |
| Waste Pro USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 02/15/26<sup>4</sup> |  | 600000 | 529860 |
| Brundage-Bone Concrete Pumping Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 02/01/26<sup>4</sup> |  | 525000 | 478614 |
| TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 12/15/25<sup>4</sup> |  | 225000 | 228328 |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/29<sup>4</sup> |  | 172000 | 136314 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 33.2% (continued)** | | |
| **Industrial - 3.5% (continued)** |  |  |
| JELD-WEN, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 05/15/25<sup>4</sup> | 100000 | $93534 |
| **Total Industrial** |  | 197196353 |
| **Consumer, Cyclical - 3.1%** |  |  |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/20/27<sup>4</sup> | 17731143 | 17628335 |
| Hilton Domestic Operating Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/01/31<sup>4</sup> | 15900000 | 13302417 |
| &nbsp;&nbsp;&nbsp;3.63% due 02/15/32<sup>4</sup> | 4150000 | 3323320 |
| &nbsp;&nbsp;&nbsp;5.75% due 05/01/28<sup>4</sup> | 525000 | 509250 |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 01/15/29<sup>4</sup> | 15975000 | 13518604 |
| JB Poindexter & Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/15/26<sup>4</sup> | 11725000 | 11314625 |
| &nbsp;&nbsp;&nbsp;Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/01/25<sup>4</sup> | 10536000 | 10767167 |
| Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/31<sup>4</sup> | 11350000 | 9647301 |
| &nbsp;&nbsp;&nbsp;5.88% due 03/01/27 | 660000 | 627133 |
| Boyne USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 05/15/29<sup>4</sup> | 10820000 | 9576179 |
| 1011778 BC ULC / New Red Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/30<sup>4</sup> | 10660000 | 8632575 |
| British Airways Class A Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 11/15/32<sup>4</sup> | 7839386 | 7012609 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 04/23/30<sup>11</sup> | 6530000 | 6387810 |
| Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 01/20/26<sup>4</sup> | 6495000 | 5877975 |
| Papa John's International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 09/15/29<sup>4</sup> | 7025000 | 5865875 |
| Penn Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/29<sup>4</sup> | 6975000 | 5510275 |
| Wabash National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/15/28<sup>4</sup> | 5857000 | 4987739 |
| American Airlines Class AA Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.58% due 01/15/28 | 2326734 | 2076912 |
| &nbsp;&nbsp;&nbsp;3.35% due 10/15/29 | 1210320 | 1044854 |
| &nbsp;&nbsp;&nbsp;3.65% due 02/15/29 | 1087418 | 967537 |
| &nbsp;&nbsp;&nbsp;3.15% due 02/15/32 | 1037315 | 858435 |
| Superior Plus Limited Partnership / Superior General Partner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/15/29<sup>4</sup> | 4800000 | 4104000 |
| Beacon Roofing Supply, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 05/15/29<sup>4</sup> | 4589000 | 3813419 |
| Asbury Automotive Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 11/15/29<sup>4</sup> | 4472000 | 3768286 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/31<sup>4</sup> | 3800000 | 3048259 |
| Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 03/01/30<sup>4</sup> | 3500000 | 2956450 |
| Six Flags Theme Parks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 07/01/25<sup>4</sup> | 2757000 | 2775781 |
| Air Canada Class A Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/01/29<sup>4</sup> | 2795997 | 2640139 |
| PetSmart, Inc. / PetSmart Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 02/15/28<sup>4</sup> | 2800000 | 2535420 |
| Michaels Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 05/01/28<sup>4</sup> | 3114000 | 2505308 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 08/15/29<sup>4</sup> CAD | 3550000 | 2289436 |
| Allison Transmission, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 01/30/31<sup>4</sup> | 2111000 | 1736297 |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/29<sup>4</sup> | 1700000 | 1480183 |
| Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 05/01/25<sup>4</sup> | 1200000 | 1185252 |
| United Airlines Class AA Pass Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.15% due 08/25/31 | 1005170 | 889077 |
| CD&R Smokey Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 07/15/25<sup>4</sup> | 950000 | 815214 |
| WMG Acquisition Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 02/15/31<sup>4</sup> | 851000 | 680026 |
| Wyndham Hotels & Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 08/15/28<sup>4</sup> | 700000 | 628040 |
| Tempur Sealy International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 10/15/31<sup>4</sup> | 375000 | 294385 |
| **Total Consumer, Cyclical** |  | 177581899 |
| **Energy - 3.1%** |  |  |
| BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% <sup>6,7</sup> | 39360000 | 34440000 |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 08/01/29<sup>4,11</sup> | 38952000 | 32803037 |
| Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 01/15/29 | 12632000 | 12732525 |
| &nbsp;&nbsp;&nbsp;4.88% due 02/01/31 | 5000000 | 4514750 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 33.2% (continued)** | | | |
| **Energy - 3.1% (continued)** |  |  |  |
| NuStar Logistics, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30 |  | 17895000 | $16546875 |
| &nbsp;&nbsp;&nbsp;5.63% due 04/28/27 |  | 450000 | 420776 |
| Midwest Connector Capital Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/01/29<sup>4</sup> |  | 18763000 | 16950407 |
| Parkland Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/01/30<sup>4</sup> |  | 20000000 | 16550000 |
| Occidental Petroleum Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.95% due 06/15/39 |  | 12735000 | 13810471 |
| &nbsp;&nbsp;&nbsp;4.50% due 07/15/44 |  | 2850000 | 2262706 |
| Global Partners Limited Partnership / GLP Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 01/15/29 |  | 7750000 | 7099542 |
| &nbsp;&nbsp;&nbsp;7.00% due 08/01/26 |  | 2200000 | 2089180 |
| Kinetik Holdings, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/15/30<sup>4</sup> |  | 6100000 | 5720476 |
| DT Midstream, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 06/15/29<sup>4</sup> |  | 5250000 | 4510327 |
| Holly Energy Partners Limited Partnership / Holly Energy Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 04/15/27<sup>4</sup> |  | 3710000 | 3645045 |
| TransMontaigne Partners Limited Partnership / TLP Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 02/15/26 |  | 700000 | 602000 |
| Basic Energy Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 10/15/23<sup>†††,9</sup> |  | 1438000 | 43140 |
| **Total Energy** |  |  | 174741257 |
| **Technology - 2.0%** |  |  |  |
| AthenaHealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 02/15/30<sup>4</sup> |  | 26650000 | 19639242 |
| Qorvo, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 10/15/29 |  | 11220000 | 9921173 |
| &nbsp;&nbsp;&nbsp;3.38% due 04/01/31<sup>4,11</sup> |  | 9225000 | 7411725 |
| NCR Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 10/01/30<sup>4</sup> |  | 10825000 | 8930625 |
| &nbsp;&nbsp;&nbsp;5.13% due 04/15/29<sup>4</sup> |  | 6350000 | 5310652 |
| &nbsp;&nbsp;&nbsp;6.13% due 09/01/29<sup>4</sup> |  | 25000 | 23377 |
| Twilio, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/15/31 |  | 15100000 | 11979661 |
| TeamSystem SpA |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 02/15/28<sup>◊</sup> | EUR | 11750000 | 11884376 |
| CDW LLC / CDW Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.57% due 12/01/31 |  | 14000000 | 11536507 |
| Booz Allen Hamilton, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 09/01/28<sup>4</sup> |  | 11800000 | 10454359 |
| Boxer Parent Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 10/02/25 | EUR | 8500000 | 8643563 |
| &nbsp;&nbsp;&nbsp;7.13% due 10/02/25<sup>4</sup> |  | 375000 | 364692 |
| Playtika Holding Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 03/15/29<sup>4</sup> |  | 8750000 | 6868312 |
| MSCI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 02/15/31<sup>4</sup> |  | 883000 | 734148 |
| ACI Worldwide, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 08/15/26<sup>4</sup> |  | 400000 | 387500 |
| **Total Technology** |  |  | 114089912 |
| **Basic Materials - 1.7%** |  |  |  |
| Alcoa Nederland Holding BV |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 12/15/27<sup>4</sup> |  | 15125000 | 14575369 |
| &nbsp;&nbsp;&nbsp;6.13% due 05/15/28<sup>4</sup> |  | 7450000 | 7339144 |
| &nbsp;&nbsp;&nbsp;4.13% due 03/31/29<sup>4</sup> |  | 4900000 | 4347077 |
| Kaiser Aluminum Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/31<sup>4</sup> |  | 13250000 | 10649687 |
| &nbsp;&nbsp;&nbsp;4.63% due 03/01/28<sup>4</sup> |  | 650000 | 567207 |
| Minerals Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/28<sup>4</sup> |  | 11230000 | 10001438 |
| SK Invictus Intermediate II SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/30/29<sup>4</sup> |  | 11525000 | 9450500 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/26<sup>4</sup> |  | 10675000 | 9047063 |
| Carpenter Technology Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 07/15/28 |  | 8315000 | 7907814 |
| WR Grace Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 06/15/27<sup>4</sup> |  | 7906000 | 7005744 |
| Clearwater Paper Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 08/15/28<sup>4</sup> |  | 5539000 | 4866986 |
| HB Fuller Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/28 |  | 5250000 | 4646250 |
| Novelis Sheet Ingot GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 04/15/29 | EUR | 4500000 | 4093617 |
| Compass Minerals International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 12/01/27<sup>4</sup> |  | 1820000 | 1747200 |
| Ingevity Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 11/01/28<sup>4</sup> |  | 1000000 | 859865 |
| Mirabela Nickel Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 06/24/19<sup>†††,9,10</sup> |  | 1885418 | 37708 |
| **Total Basic Materials** |  |  | 97142669 |
| **Utilities - 1.2%** |  |  |  |
| Midcap Funding XLVI Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;7.67% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 11/22/23<sup>◊,†††</sup> |  | 43400000 | 43423436 |
| Clearway Energy Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>4</sup> |  | 11373000 | 9442422 |
| AES Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 07/15/30<sup>4</sup> |  | 9760000 | 8608320 |
| Terraform Global Operating, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 03/01/26<sup>4</sup> |  | 8285000 | 7767187 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 33.2% (continued)** | | |
| **Utilities - 1.2% (continued)** |  |  |
| Atlantica Sustainable Infrastructure plc |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 06/15/28<sup>4</sup> | 1550000 | $1374051 |
| **Total Utilities** |  | 70615416 |
| **Collateralized Loan Obligations - 0.1%** |  |  |
| Fontainbleau Vegas |  |  |
| &nbsp;&nbsp;&nbsp;2.29% (1 Month Term SOFR + 5.65%, Rate Floor: 5.65%) due 09/30/25<sup>◊</sup> | 5313577 | 5328242 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,249,354,390) |  | 1884329582 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6%** |  |  |
| **Collateralized Loan Obligations - 11.9%** |  |  |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-CRE4 D, 6.42% (30 Day Average SOFR + 2.61%, Rate Floor: 2.50%) due 07/15/35<sup>◊</sup> | 20500000 | 19658895 |
| &nbsp;&nbsp;&nbsp;2019-CRE2 AS, 5.82% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/36<sup>◊,4</sup> | 11227951 | 11106271 |
| &nbsp;&nbsp;&nbsp;2021-CRE6 D, 7.17% (1 Month USD LIBOR + 2.85%, Rate Floor: 2.85%) due 11/15/38<sup>◊,4</sup> | 11300000 | 10260695 |
| &nbsp;&nbsp;&nbsp;2021-CRE5 D, 7.32% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 07/15/36<sup>◊,4</sup> | 8250000 | 7524848 |
| &nbsp;&nbsp;&nbsp;2022-CRE7 D, 6.91% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/17/37<sup>◊,4</sup> | 6400000 | 6156748 |
| FS Rialto |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 D, 6.83% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 11/16/36<sup>◊,4</sup> | 36500000 | 33654358 |
| &nbsp;&nbsp;&nbsp;2021-FL2 D, 7.13% (1 Month USD LIBOR + 2.80%, Rate Floor: 2.80%) due 05/16/38<sup>◊,4</sup> | 8850000 | 8316908 |
| Fortress Credit Opportunities IX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A CR, 6.88% (3 Month USD LIBOR + 2.80%, Rate Floor: 2.80%) due 10/15/33<sup>◊,4</sup> | 35000000 | 32294321 |
| &nbsp;&nbsp;&nbsp;2021-9A DR, 8.03% (3 Month USD LIBOR + 3.95%, Rate Floor: 3.95%) due 10/15/33<sup>◊,4</sup> | 7750000 | 6816103 |
| &nbsp;&nbsp;&nbsp;2021-9A A2TR, 5.88% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 10/15/33<sup>◊,4</sup> | 2950000 | 2766523 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A B, 5.86% (3 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 04/15/30<sup>◊,4</sup> | 26200000 | 24821644 |
| &nbsp;&nbsp;&nbsp;2021-3A C, 6.74% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 07/20/29<sup>◊,4</sup> | 8300000 | 7570599 |
| &nbsp;&nbsp;&nbsp;2022-1A C, 6.46% (3 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 04/15/30<sup>◊,4</sup> | 3400000 | 3170983 |
| LCCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 C, 6.92% (1 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 11/15/38<sup>◊,4</sup> | 28865000 | 27389935 |
| &nbsp;&nbsp;&nbsp;2021-FL2 D, 7.22% (1 Month USD LIBOR + 2.90%, Rate Floor: 2.90%) due 12/13/38<sup>◊,4</sup> | 5750000 | 5343442 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-FL2 C, 6.09% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 02/15/38<sup>◊,4</sup> | 15640000 | 15058802 |
| &nbsp;&nbsp;&nbsp;2020-FL2 D, 6.39% (1 Month Term SOFR + 2.06%, Rate Floor: 1.95%) due 02/15/38<sup>◊,4</sup> | 8000000 | 7572335 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6% (continued)** | | |
| **Collateralized Loan Obligations - 11.9% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2020-FL3 D, 6.72% (30 Day Average SOFR + 2.91%, Rate Floor: 2.80%) due 11/15/37<sup>◊,4</sup> | 7350000 | $7035566 |
| ACRES Commercial Realty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 D, 7.43% (1 Month USD LIBOR + 3.10%, Rate Floor: 3.10%) due 01/15/37<sup>◊,4</sup> | 8350000 | 8032994 |
| &nbsp;&nbsp;&nbsp;2021-FL1 D, 6.98% (1 Month USD LIBOR + 2.65%, Rate Floor: 2.65%) due 06/15/36<sup>◊,4</sup> | 7250000 | 6869896 |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.98% (1 Month USD LIBOR + 2.65%, Rate Floor: 2.65%) due 01/15/37<sup>◊,4</sup> | 5250000 | 5071059 |
| MidOcean Credit CLO VII |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A CR, 6.28% (3 Month USD LIBOR + 2.20%, Rate Floor: 0.00%) due 07/15/29<sup>◊,4</sup> | 21000000 | 19746972 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A CR, 7.68% (3 Month USD LIBOR + 3.60%, Rate Floor: 3.60%) due 06/07/30<sup>◊,4</sup> | 16500000 | 14655836 |
| &nbsp;&nbsp;&nbsp;2013-1A INC, due 10/15/30<sup>4,12</sup> | 28970307 | 4794876 |
| BSPRT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL6 D, 7.32% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/15/36<sup>◊,4</sup> | 18425000 | 17321230 |
| &nbsp;&nbsp;&nbsp;2021-FL7 D, 7.07% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 12/15/38<sup>◊,4</sup> | 1600000 | 1496504 |
| Golub Capital Partners CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-36A C, 6.63% (3 Month USD LIBOR + 2.10%, Rate Floor: 0.00%) due 02/05/31<sup>◊,4</sup> | 20000000 | 18437032 |
| BSPDF Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 D, 7.07% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 10/15/36<sup>◊</sup> | 19975000 | 17735996 |
| Anchorage Capital CLO 6 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A DRR, 7.53% (3 Month USD LIBOR + 3.45%, Rate Floor: 3.45%) due 07/15/30<sup>◊,4</sup> | 17350000 | 16399763 |
| Golub Capital Partners CLO 49M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-49A D, 8.09% (3 Month USD LIBOR + 3.85%, Rate Floor: 3.85%) due 08/26/33<sup>◊,4</sup> | 18100000 | 16007513 |
| Diamond CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A DR, 7.76% (3 Month USD LIBOR + 3.40%, Rate Floor: 3.40%) due 04/25/29<sup>◊,4</sup> | 5500000 | 5254928 |
| &nbsp;&nbsp;&nbsp;2018-1A D, 8.03% (3 Month USD LIBOR + 3.70%, Rate Floor: 3.70%) due 07/22/30<sup>◊,4</sup> | 5000000 | 4922156 |
| &nbsp;&nbsp;&nbsp;2018-1A C, 6.93% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 07/22/30<sup>◊,4</sup> | 4572648 | 4562655 |
| &nbsp;&nbsp;&nbsp;2021-1A CR, 6.76% (3 Month USD LIBOR + 2.40%, Rate Floor: 2.40%) due 04/25/29<sup>◊,4</sup> | 796194 | 787951 |
| KREF Funding V LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.07% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/25/26<sup>◊,†††</sup> | 15051327 | 14978328 |
| &nbsp;&nbsp;&nbsp; 0.15% due 06/25/26<sup>†††,13</sup> | 73636363 | 2945 |
| STWD Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-FL3 D, 6.56% (30 Day Average SOFR + 2.75%, Rate Floor: 2.75%) due 11/15/38<sup>◊,4</sup> | 11900000 | 11230380 |
| &nbsp;&nbsp;&nbsp;2021-FL2 D, 7.13% (1 Month USD LIBOR + 2.80%, Rate Floor: 2.80%) due 04/18/38<sup>◊,4</sup> | 3750000 | 3537195 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6% (continued)** | | |
| **Collateralized Loan Obligations - 11.9% (continued)** |  |  |
| Cerberus Loan Funding XXX, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A C, 7.73% (3 Month USD LIBOR + 3.65%, Rate Cap/Floor: 14.50%/3.65%) due 01/15/33<sup>◊,4</sup> | 14500000 | $13975216 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-FL5 C, 8.25% (1 Month Term SOFR + 3.92%, Rate Floor: 3.92%) due 06/19/37<sup>◊,4</sup> | 6950000 | 6896618 |
| &nbsp;&nbsp;&nbsp;2022-FL6 C, 8.56% (1 Month Term SOFR + 4.23%, Rate Floor: 4.23%) due 08/17/37<sup>◊,4</sup> | 6150000 | 6129254 |
| ABPCI Direct Lending Fund IX LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A BR, 6.86% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 11/18/31<sup>◊,4</sup> | 11550000 | 10668728 |
| Neuberger Berman Loan Advisers CLO 32 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-32A DR, 6.93% (3 Month USD LIBOR + 2.70%, Rate Floor: 2.70%) due 01/20/32<sup>◊,4</sup> | 11500000 | 10646517 |
| Atlas Senior Loan Fund IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-9A C, 6.04% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 04/20/28<sup>◊,4</sup> | 10250000 | 9919658 |
| &nbsp;&nbsp;&nbsp;2018-9A SUB, due 04/20/28<sup>4,12</sup> | 9600000 | 473664 |
| THL Credit Lake Shore MM CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A CR, 7.08% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 04/15/33<sup>◊,4</sup> | 9900000 | 9099730 |
| Cerberus Loan Funding XXXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A B, 5.83% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 11/22/33<sup>◊,4</sup> | 9000000 | 8836246 |
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A D, 7.14% (3 Month USD LIBOR + 2.90%, Rate Floor: 2.90%) due 01/20/33<sup>◊,4</sup> | 9950000 | 8716494 |
| BCC Middle Market CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 10/15/33<sup>◊,4</sup> | 9000000 | 8689297 |
| ABPCI Direct Lending Fund CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A BR, 7.14% (3 Month USD LIBOR + 2.90%, Rate Floor: 2.90%) due 04/20/31<sup>◊,4</sup> | 9200000 | 8545133 |
| Golub Capital Partners CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16A CR2, 7.26% (3 Month USD LIBOR + 2.90%, Rate Floor: 2.90%) due 07/25/33<sup>◊,4</sup> | 9300000 | 8513713 |
| Magnetite XXIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-29A D, 6.68% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 01/15/34<sup>◊,4</sup> | 8800000 | 8381565 |
| Marathon CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-5A A2R, 6.13% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/21/27<sup>◊,4</sup> | 7920233 | 7865118 |
| &nbsp;&nbsp;&nbsp;2013-5A SUB, due 11/21/27<sup>4,12</sup> | 5500000 | 257400 |
| Venture XIV CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-14A CRR, 6.99% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 08/28/29<sup>◊,4</sup> | 8000000 | 7724654 |
| Dryden 37 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-37A Q, due 01/15/31<sup>4,12</sup> | 9500000 | 7384031 |
| ABPCI Direct Lending Fund CLO VII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-7A BR, 6.91% (3 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 10/20/31<sup>◊,4</sup> | 7950000 | 7318379 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6% (continued)** | | |
| **Collateralized Loan Obligations - 11.9% (continued)** |  |  |
| CIFC Funding 2017-II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A DR, 7.34% (3 Month USD LIBOR + 3.10%, Rate Floor: 3.10%) due 04/20/30<sup>◊,4</sup> | 8100000 | $7206565 |
| Madison Park Funding XLVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-48A D, 7.23% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 04/19/33<sup>◊,4</sup> | 7500000 | 7060855 |
| ACRE Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL4 D, 6.94% (1 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 12/18/37<sup>◊,4</sup> | 7350000 | 6962102 |
| Octagon Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A SUB, due 11/18/31<sup>4,12</sup> | 19435737 | 5423057 |
| Cerberus Loan Funding XXXIII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A C, 6.88% (3 Month USD LIBOR + 2.80%, Rate Floor: 2.80%) due 07/23/33<sup>◊,4</sup> | 5900000 | 5230083 |
| CHCP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 D, 7.44% (1 Month Term SOFR + 3.11%, Rate Floor: 3.00%) due 02/15/38<sup>◊,4</sup> | 5500000 | 5113283 |
| ABPCI Direct Lending Fund CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A C2, 7.24% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 07/20/33<sup>◊,4</sup> | 5550000 | 5039699 |
| WhiteHorse X Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2015-10A E, 9.38% (3 Month USD LIBOR + 5.30%, Rate Floor: 5.30%) due 04/17/27<sup>◊,4</sup> | 4999970 | 4683968 |
| Cerberus Loan Funding XXXV, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A C, 6.68% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 09/22/33<sup>◊,4</sup> | 5150000 | 4665311 |
| Hull Street CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A D, 7.79% (3 Month USD LIBOR + 3.60%, Rate Floor: 0.00%) due 10/18/26<sup>◊,4</sup> | 3885030 | 3840180 |
| Cerberus Loan Funding XXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A CR, 6.98% (3 Month USD LIBOR + 2.90%, Rate Floor: 2.90%) due 04/15/31<sup>◊,4</sup> | 4000000 | 3782211 |
| Neuberger Berman Loan Advisers CLO 40 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-40A D, 6.83% (3 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 04/16/33<sup>◊,4</sup> | 4050000 | 3741607 |
| Dryden 50 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2017-50A SUB, due 07/15/30<sup>4,12</sup> | 7895000 | 3124367 |
| BNPP IP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-2A E, 9.67% (3 Month USD LIBOR + 5.25%, Rate Floor: 0.00%) due 10/30/25<sup>◊,4</sup> | 5945346 | 3020236 |
| Telos CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-6A CR, 6.68% (3 Month USD LIBOR + 2.60%, Rate Floor: 0.00%) due 01/17/27<sup>◊,4</sup> | 2987839 | 2975551 |
| Dryden 41 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-41A SUB, due 04/15/31<sup>4,12</sup> | 11700000 | 2705800 |
| TCP Waterman CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A A2, 7.77% (3 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 12/15/28<sup>◊,4</sup> | 2724245 | 2696284 |
| HGI CRE CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 D, 6.48% (1 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 09/17/36<sup>◊,4</sup> | 1600000 | 1481964 |
| &nbsp;&nbsp;&nbsp;2021-FL2 E, 6.78% (1 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 09/17/36<sup>◊,4</sup> | 1200000 | 1100330 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund**<br>|  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6% (continued)** | | |
| **Collateralized Loan Obligations - 11.9% (continued)** |  |  |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2012-3A SUB, due 01/14/32<sup>4,12</sup> | 6400000 | $1912960 |
| &nbsp;&nbsp;&nbsp;2013-3X SUB, due 10/15/30<sup>12</sup> | 4938326 | 594772 |
| BDS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL9 E, 6.94% (1 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 11/16/38<sup>◊,4</sup> | 2700000 | 2465559 |
| Denali Capital CLO XI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A BRR, 6.39% (3 Month USD LIBOR + 2.15%, Rate Floor: 0.00%) due 10/20/28<sup>◊,4</sup> | 2500000 | 2450665 |
| KVK CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-1A SUB, due 01/14/28<sup>4,12</sup> | 11900000 | 2074170 |
| Goldentree Loan Management US CLO 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A DR, 7.48% (3 Month USD LIBOR + 3.15%, Rate Floor: 3.15%) due 04/24/31<sup>◊,4</sup> | 2000000 | 1848562 |
| AMMC CLO XI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2012-11A SUB, due 04/30/31<sup>4,12</sup> | 5650000 | 1753766 |
| PFP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-7 E, 7.33% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 04/14/38<sup>◊,4</sup> | 1789911 | 1675339 |
| Monroe Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A DR, 7.93% (3 Month USD LIBOR + 3.60%, Rate Floor: 0.00%) due 10/22/26<sup>◊,4</sup> | 1453597 | 1434691 |
| Treman Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A SUB, due 10/20/28<sup>4,12</sup> | 18918010 | 1131865 |
| Venture XIII CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-13A SUB, due 09/10/29<sup>4,12</sup> | 13790000 | 1003291 |
| Babson CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-IA SUB, due 07/20/25<sup>4,12</sup> | 11900000 | 559300 |
| Great Lakes CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A SUB, due 10/15/29<sup>4,12</sup> | 1500000 | 550905 |
| Dryden Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp; due 01/15/31<sup>12</sup> | 1897598 | 458213 |
| Avery Point II CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-3X COM, due 01/18/25<sup>12</sup> | 6270000 | 44893 |
| West CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-1A SUB, due 11/07/25<sup>4,12</sup> | 5300000 | 6837 |
| OHA Credit Partners IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-9A ACOM, due 10/20/25<sup>4,12</sup> | 4219178 | 4599 |
| Copper River CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>†††,10,12</sup> | 8150000 | 3189 |
| **Total Collateralized Loan Obligations** |  | 678233629 |
| **Transport-Aircraft - 3.6%** |  |  |
| AASET Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.95% due 11/16/41<sup>4</sup> | 19107492 | 15261743 |
| &nbsp;&nbsp;&nbsp;2017-1A, 3.97% due 05/16/42<sup>4</sup> | 17553041 | 13612482 |
| &nbsp;&nbsp;&nbsp;2021-2A, 3.54% due 01/15/47<sup>4</sup> | 3783784 | 2756350 |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.34% due 01/16/40<sup>4</sup> | 3751347 | 1616481 |
| KDAC Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.21% due 12/15/42<sup>4</sup> | 40778018 | 30788219 |
| Falcon Aerospace Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1, 4.58% due 02/15/42<sup>4</sup> | 13396259 | 12150749 |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/39<sup>4</sup> | 5766012 | 4668870 |
| &nbsp;&nbsp;&nbsp;2017-1, 6.30% due 02/15/42<sup>4</sup> | 3838675 | 3313494 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.13% due 06/15/43<sup>4</sup> | 10846956 | 9507217 |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.97% due 04/15/39<sup>4</sup> | 5769028 | 4875599 |
| &nbsp;&nbsp;&nbsp;2016-1, 4.45% due 08/15/41 | 1541091 | 1341573 |
| Sprite Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.75% due 11/15/46<sup>4</sup> | 18030400 | 15608672 |
| Raspro Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-1A, 5.17% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/24<sup>◊,4</sup> | 15020380 | 14830297 |
| Sapphire Aviation Finance I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.25% due 03/15/40<sup>4</sup> | 16680883 | 12928185 |
| AASET US Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A, 4.45% due 11/18/38<sup>4</sup> | 13247037 | 10502660 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6% (continued)** | | | |
| **Transport-Aircraft - 3.6% (continued)** |  |  |  |
| JOL Air Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 04/15/44<sup>4</sup> |  | 10562805 | $8628883 |
| Labrador Aviation Finance Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.30% due 01/15/42<sup>4</sup> |  | 9480688 | 7466421 |
| Sapphire Aviation Finance II Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.34% due 03/15/40<sup>4</sup> |  | 9117555 | 5338490 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.23% due 03/15/40<sup>4</sup> |  | 559973 | 423406 |
| GAIA Aviation Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 12/15/44<sup>4,8</sup> |  | 6913328 | 5719027 |
| WAVE LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/44<sup>4</sup> |  | 7245847 | 5481879 |
| Navigator Aircraft ABS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.57% due 11/15/46<sup>4</sup> |  | 5910603 | 4827368 |
| Lunar Structured Aircraft Portfolio Notes |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.43% due 10/15/46<sup>4</sup> |  | 5361332 | 4106741 |
| MAPS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.21% due 05/15/43<sup>4</sup> |  | 4371326 | 3901779 |
| Slam Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.42% due 06/15/46<sup>4</sup> |  | 3262320 | 2651789 |
| Castlelake Aircraft Structured Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 6.66% due 01/15/46<sup>4</sup> |  | 2538516 | 1942066 |
| Stripes Aircraft Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2013-1 A1, 7.85% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 03/20/23<sup>◊,†††</sup> |  | 360124 | 348063 |
| **Total Transport-Aircraft** |  |  | 204598503 |
| **Financial - 2.5%** |  |  |  |
| HarbourVest Structured Solutions IV Holdings, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;6.12% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26<sup>◊,†††</sup> |  | 23234292 | 23241494 |
| &nbsp;&nbsp;&nbsp;2.58% (3 Month EURIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26<sup>◊,†††</sup> | EUR | 12900000 | 13816001 |
| Madison Avenue Secured Funding Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.07% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/17/23<sup>◊,†††,4</sup> |  | 20750000 | 20750000 |
| KKR Core Holding Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/12/31<sup>†††</sup> |  | 23976300 | 20358036 |
| Thunderbird A |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> |  | 13057961 | 12731512 |
| Bib Merchant Voucher Receivables Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.18% due 04/07/28<sup>†††</sup> |  | 13206731 | 12690084 |
| Lightning A |  |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> |  | 12766824 | 12447653 |
| Nassau LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.98% due 08/15/34<sup>4</sup> |  | 12499190 | 11889536 |
| Ceamer Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;3.69% due 03/22/31<sup>†††</sup> |  | 5817840 | 5329782 |
| Thunderbird B |  |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 03/01/37<sup>†††</sup> |  | 2626601 | 2521537 |
| Lightning B |  |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 03/01/37<sup>†††</sup> |  | 2568039 | 2465318 |
| Aesf Vi Verdi, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;2.15% (3 Month EURIBOR + 2.15%, Rate Floor: 2.15%) due 11/25/24<sup>◊,†††</sup> | EUR | 1653079 | 1770460 |
| **Total Financial** |  |  | 140011413 |
| **Infrastructure - 0.9%** |  |  |  |
| VB-S1 Issuer LLC - VBTEL |  |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 5.27% due 02/15/52<sup>4</sup> |  | 39650000 | 32929428 |
| Hotwire Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 4.46% due 11/20/51<sup>4</sup> |  | 11750000 | 9579239 |
| Secured Tenant Site Contract Revenue Notes Series |  |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.70% due 06/15/48<sup>10</sup> |  | 6507746 | 6431641 |
| **Total Infrastructure** |  |  | 48940308 |
| **Whole Business - 0.8%** |  |  |  |
| TSGE |  |  |  |
| &nbsp;&nbsp;&nbsp;2017-1, 6.25% due 09/25/31<sup>†††</sup> |  | 42342819 | 39171765 |
| Taco Bell Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.97% due 05/25/46<sup>4</sup> |  | 2669625 | 2560608 |
| Applebee's Funding LLC / IHOP Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.19% due 06/05/49<sup>4</sup> |  | 2079000 | 2042801 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 20.6% (continued)** | | | |
| **Whole Business - 0.8% (continued)** |  |  |  |
| Wendy's Funding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 3.88% due 03/15/48<sup>4</sup> |  | 380000 | $342284 |
| **Total Whole Business** |  |  | 44117458 |
| **Single Family Residence - 0.5%** |  |  |  |
| FirstKey Homes Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>4</sup> |  | 13550000 | 11893621 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>4</sup> |  | 13250000 | 11758986 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>4</sup> |  | 8550000 | 7408456 |
| **Total Single Family Residence** |  |  | 31061063 |
| **Net Lease - 0.3%** |  |  |  |
| CARS-DB4, LP |  |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.95% due 02/15/50<sup>4</sup> |  | 21105000 | 16889580 |
| **Collateralized Debt Obligations - 0.1%** |  |  |  |
| Anchorage Credit Funding 4 Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A CR, 3.52% due 04/27/39<sup>4</sup> |  | 4250000 | 3431380 |
| **Total Asset-Backed Securities** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,268,328,433) |  |  | 1167283334 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5%** |  |  |  |
| **Consumer, Cyclical - 5.1%** |  |  |  |
| MB2 Dental Solutions LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.42% (1 Month Term SOFR + 6.00%, Rate Floor: 7.00%) due 01/29/27<sup>†††</sup> |  | 35472455 | 34836132 |
| Zephyr Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.21% (1 Month GBP SONIA + 4.75%, Rate Floor: 5.44%) due 07/23/25 | GBP | 20850000 | 20542493 |
| &nbsp;&nbsp;&nbsp;10.96% (1 Month GBP SONIA + 7.50%, Rate Floor: 8.19%) due 07/23/26 | GBP | 1540417 | 1379894 |
| FR Refuel LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.19% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/08/28 |  | 21115122 | 20164941 |
| Packers Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.54% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 03/09/28 |  | 22726554 | 19786420 |
| Pacific Bells LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.34% (3 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 11/10/28 |  | 18649585 | 17468507 |
| BCPE Empire Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 06/11/26 |  | 16731000 | 16249984 |
| Rent-A-Center, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.69% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 02/17/28 |  | 10421666 | 10017826 |
| SP PF Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.88% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 12/22/25 |  | 15228928 | 9951191 |
| Mavis Tire Express Services TopCo Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.50% (1 Month Term SOFR + 4.00%, Rate Floor: 5.75%) due 05/04/28 |  | 9864434 | 9392322 |
| BCP V Modular Services Holdings IV Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.70% (3 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 12/15/28 | EUR | 8200000 | 8151083 |
| NFM & J LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.13% (1 Month USD LIBOR + 5.75%, Rate Floor: 6.75%) due 11/30/27 |  | 8342030 | 8148981 |
| Flamingo |  |  |  |
| &nbsp;&nbsp;&nbsp;5.64% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 03/24/28 | EUR | 7945312 | 7738361 |
| Loire Finco Luxembourg SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 04/21/27 |  | 7705412 | 7178901 |
| First Brands Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.94% (3 Month Term SOFR + 5.00%, Rate Floor: 7.00%) due 03/30/27 |  | 7393064 | 6979053 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Consumer, Cyclical - 5.1% (continued)** |  |  |  |
| The Facilities Group |  |  |  |
| &nbsp;&nbsp;&nbsp;10.27% (3 Month USD LIBOR + 5.75%, Rate Floor: 6.75%) due 11/30/27 |  | 6966852 | $6805627 |
| Holding SOCOTEC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 06/30/28 |  | 7078500 | 6636094 |
| CNT Holdings I Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.24% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 11/08/27 |  | 6867010 | 6635248 |
| Camin Cargo Control, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.88% (1 Month USD LIBOR + 6.50%, Rate Floor: 7.50%) due 06/04/26<sup>†††</sup> |  | 6562602 | 6414221 |
| BGIS (BIFM CA Buyer, Inc.) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26 |  | 6721725 | 6402443 |
| ImageFIRST Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.23% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 04/27/28 |  | 6725099 | 6321593 |
| Accuride Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.98% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 11/17/23 |  | 6961543 | 5836836 |
| PAI Holdco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.16% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 10/28/27 |  | 5923189 | 5193926 |
| Galls LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;11.19% (3 Month USD LIBOR + 6.75%, Rate Floor: 7.75%) due 01/31/25<sup>†††</sup> |  | 3462025 | 3375474 |
| &nbsp;&nbsp;&nbsp;11.16% (3 Month USD LIBOR + 6.75%, Rate Floor: 8.25%) due 01/31/25<sup>†††</sup> |  | 465007 | 453381 |
| &nbsp;&nbsp;&nbsp;10.98% ((1 Month USD LIBOR + 6.75%) and (3 Month USD LIBOR + 6.75%), Rate Floor: 7.75%) due 01/31/24<sup>†††</sup> |  | 408028 | 398404 |
| Verisure Holding AB |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/20/26 | EUR | 3051053 | 3077096 |
| &nbsp;&nbsp;&nbsp;5.38% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/27/28 | EUR | 1070000 | 1060947 |
| Congruex Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.99% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 05/03/29 |  | 4218713 | 4092152 |
| Breitling Financing SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.63% (3 Month EURIBOR + 3.43%, Rate Floor: 3.43%) due 10/25/28 | EUR | 3800000 | 3924008 |
| CD&R Firefly Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.54% (3 Month GBP SONIA + 4.25%, Rate Floor: 4.25%) due 06/23/25 | GBP | 3350000 | 3694315 |
| Alexander Mann |  |  |  |
| &nbsp;&nbsp;&nbsp;8.46% (3 Month GBP SONIA + 5.00%, Rate Floor: 5.00%) due 06/16/25 | GBP | 3000000 | 3418158 |
| ScribeAmerica Intermediate Holdco LLC (Healthchannels) |  |  |  |
| &nbsp;&nbsp;&nbsp;8.88% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 04/03/25 |  | 4703612 | 3257251 |
| Eagle Parent Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.83% (3 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 04/02/29 |  | 3176000 | 3112480 |
| SHO Holding I Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.66% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 04/27/24<sup>†††</sup> |  | 3585256 | 2688942 |
| &nbsp;&nbsp;&nbsp;9.64% (3 Month USD LIBOR + 5.23%, Rate Floor: 6.23%) due 04/27/24<sup>†††</sup> |  | 60373 | 45280 |
| Checkers Drive-In Restaurants, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.99% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.25%) due 04/25/24 |  | 3261671 | 2641954 |
| Adevinta ASA |  |  |  |
| &nbsp;&nbsp;&nbsp;5.20% (3 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 06/26/28 | EUR | 2123333 | 2209363 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Consumer, Cyclical - 5.1% (continued)** |  |  |  |
| CCRR Parent, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.14% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/06/28 |  | 1866750 | $1772628 |
| Fertitta Entertainment LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 01/27/29 |  | 1216200 | 1154027 |
| EG Finco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 02/07/25 | GBP | 952500 | 1030984 |
| **Total Consumer, Cyclical** |  |  | 289638921 |
| **Consumer, Non-cyclical - 4.4%** |  |  |  |
| Women's Care Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.87% (6 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 01/17/28 |  | 30911712 | 28844646 |
| Mission Veterinary Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;7.37% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/27/28<sup>†††</sup> |  | 21181875 | 18851869 |
| Quirch Foods Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.99% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 10/27/27<sup>†††</sup> |  | 19509282 | 17753447 |
| National Mentor Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.33% ((1 Month USD LIBOR + 3.75%) and (3 Month USD LIBOR + 3.75%), Rate Floor: 4.50%) due 03/02/28 |  | 20876663 | 14532454 |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/02/28 |  | 479283 | 333633 |
| Dhanani Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;10.44% (1 Month Term SOFR + 6.00%, Rate Floor: 7.00%) due 06/10/27<sup>†††</sup> |  | 14566364 | 14420700 |
| HAH Group Holding Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.43% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/29/27 |  | 14718352 | 14000833 |
| PetIQ LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 04/13/28 |  | 14282756 | 12854480 |
| Southern Veterinary Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27 |  | 13166611 | 12585042 |
| Blue Ribbon LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.12% (1 Month USD LIBOR + 6.00%, Rate Floor: 6.75%) due 05/08/28 |  | 16692308 | 12373173 |
| LaserAway Intermediate Holdings II LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.76% (3 Month USD LIBOR + 5.75%, Rate Floor: 6.50%) due 10/14/27 |  | 12409189 | 12129982 |
| Florida Food Products LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.38% (1 Month USD LIBOR + 5.00%, Rate Floor: 5.75%) due 10/18/28 |  | 12857456 | 11700285 |
| Sigma Holding BV (Flora Food) |  |  |  |
| &nbsp;&nbsp;&nbsp;3.74% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25 | EUR | 12019549 | 11107881 |
| Hearthside Group Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month USD LIBOR + 3.69%, Rate Floor: 3.69%) due 05/23/25 |  | 6653844 | 5885325 |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 05/23/25 |  | 4975263 | 4410222 |
| EyeCare Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 11/15/28 |  | 8064063 | 6761716 |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 02/18/27 |  | 2145066 | 1708910 |
| Nidda Healthcare Holding GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.39% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 08/21/26 | EUR | 7897239 | 7717929 |
| Endo Luxembourg Finance Company I SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;13.50% (Commercial Prime Lending Rate + 6.00%, Rate Floor: 7.75%) due 03/27/28 |  | 7653125 | 6103367 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Consumer, Non-cyclical - 4.4% (continued)** |  |  |  |
| Gibson Brands, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 08/11/28<sup>†††</sup> |  | 8217000 | $5998410 |
| Pearl Intermediate Parent LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 02/14/25 |  | 6368354 | 5967466 |
| Confluent Health LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 11/30/28 |  | 5091245 | 4310604 |
| Zep, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.58% (3 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 08/12/24 |  | 3672376 | 3161915 |
| Del Monte Foods, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 05/16/29 |  | 3094674 | 2998925 |
| Fender Musical Instruments Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.42% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/01/28 |  | 3508398 | 2824261 |
| Mascot Bidco Oy |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% (6 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 03/30/26 | EUR | 2575000 | 2541244 |
| Medical Solutions Parent Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/01/28 |  | 2257335 | 2110134 |
| Kronos Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/26 |  | 2029014 | 1925027 |
| Resonetics LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.41% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/28/28 |  | 1784502 | 1695277 |
| Moran Foods LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;11.73% (3 Month USD LIBOR + 7.00%, Rate Floor: 8.00%) due 04/01/24 |  | 411446 | 333271 |
| &nbsp;&nbsp;&nbsp;15.48% (3 Month USD LIBOR + 10.75%, Rate Floor: 11.75%) due 10/01/24 |  | 538794 | 312501 |
| &nbsp;&nbsp;&nbsp;1.00% (3 Month USD LIBOR, Rate Floor: 1.00%) due 04/01/24 |  | 53562 | 43386 |
| Weber-Stephen Products LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.67% (1 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 10/30/27 |  | 421813 | 358541 |
| TGP Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 06/29/28 |  | 198723 | 157985 |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 06/29/28 |  | 13040 | 10367 |
| **Total Consumer, Non-cyclical** |  |  | 248825208 |
| **Industrial - 4.1%** |  |  |  |
| CapStone Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 11/12/27<sup>†††</sup> |  | 25999028 | 24894069 |
| United Airlines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.11% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 04/21/28 |  | 25053750 | 24691974 |
| Arcline FM Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.48% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.50%) due 06/23/28 |  | 20935000 | 19853288 |
| Hunter Douglas, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.86% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/26/29 |  | 20895000 | 18301722 |
| Mileage Plus Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.00% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27 |  | 13725000 | 14099006 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Industrial - 4.1% (continued)** |  |  |  |
| DXP Enterprises, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.95% (6 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 12/23/27 |  | 12838896 | $12180903 |
| Minerva Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.81% (3 Month GBP SONIA + 4.50%, Rate Floor: 4.50%) due 07/30/25 | GBP | 11000000 | 12156516 |
| American Bath Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/23/27 |  | 13749487 | 12006052 |
| Merlin Buyer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28 |  | 11011363 | 10295624 |
| TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25 |  | 9945913 | 9828650 |
| Fugue Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp;5.20% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 08/30/24 | EUR | 9279690 | 9590769 |
| Dispatch Terra Acquisition LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 03/27/28 |  | 10241221 | 8602626 |
| Air Canada |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 08/11/28 |  | 6172652 | 6087778 |
| Pelican Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.71% (3 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 12/29/28 |  | 6325908 | 5630058 |
| Valcour Packaging LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.98% (6 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 10/04/28<sup>†††</sup> |  | 6252750 | 5127255 |
| TK Elevator Midco GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;4.90% (1 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 01/29/27 | EUR | 4615721 | 4599369 |
| Service Logic Acquisition, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.41% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/29/27 |  | 4432969 | 4189155 |
| Saverglass |  |  |  |
| &nbsp;&nbsp;&nbsp;6.24% (3 Month EURIBOR + 4.25%, Rate Floor: 4.25%) due 02/19/29 | EUR | 3700000 | 3623440 |
| ILPEA Parent, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.89% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 06/22/28<sup>†††</sup> |  | 3626909 | 3427429 |
| Integrated Power Services Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.88% ((1 Month USD LIBOR + 4.50%) and (Commercial Prime Lending Rate + 3.50%), Rate Floor: 5.25%) due 11/22/28<sup>†††</sup> |  | 3467983 | 3346604 |
| Rinchem Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.18% (3 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 03/02/29<sup>†††</sup> |  | 3532250 | 3329146 |
| Protective Industrial Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/29/27 |  | 3230149 | 2939436 |
| MI Windows And Doors LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.92% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 12/18/27 |  | 2447280 | 2416689 |
| DG Investment Intermediate Holdings 2, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/31/28 |  | 2487275 | 2375347 |
| LTI Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 09/08/25 |  | 2329255 | 2225161 |
| Filtration Group Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.40% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 03/31/25 | EUR | 1247440 | 1288148 |
| YAK MAT (YAK ACCESS LLC) |  |  |  |
| &nbsp;&nbsp;&nbsp;13.64% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26 |  | 12220199 | 1283121 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Industrial - 4.1% (continued)** |  |  |  |
| AI Convoy Luxembourg SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.53% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 01/18/27 | EUR | 1153168 | $1173299 |
| Icebox Holdco III, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/28 |  | 1184917 | 1090124 |
| API Heat Transfer |  |  |  |
| &nbsp;&nbsp;&nbsp;14.67% (3 Month USD LIBOR, Rate Floor: 0.00%) (in-kind rate was 14.67%) due 01/01/24<sup>†††,14</sup> |  | 1380520 | 704065 |
| &nbsp;&nbsp;&nbsp;14.67% (3 Month USD LIBOR, Rate Floor: 0.00%) (in-kind rate was 14.67%) due 10/02/23<sup>†††,14</sup> |  | 246299 | 209354 |
| Schur Flexibles GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;3.47% (3 Month EURIBOR + 5.50%, Rate Floor: 5.50%) due 09/28/27 | EUR | 787500 | 626938 |
| Duran Group Holding GMBH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.65% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/29/24<sup>†††</sup> | EUR | 416090 | 422809 |
| &nbsp;&nbsp;&nbsp;6.34% (6 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 12/20/24<sup>†††</sup> | EUR | 81858 | 83180 |
| Transcendia Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 05/30/24 |  | 557598 | 401470 |
| **Total Industrial** |  |  | 233100574 |
| **Technology - 3.0%** |  |  |  |
| Planview Parent, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/17/27 |  | 21389622 | 19804437 |
| Sitecore Holding III A/S |  |  |  |
| &nbsp;&nbsp;&nbsp;9.02% (3 Month EURIBOR + 7.00%, Rate Floor: 7.00%) due 03/12/26<sup>†††</sup> | EUR | 8839973 | 9377039 |
| &nbsp;&nbsp;&nbsp;11.72% (3 Month USD LIBOR + 7.00%, Rate Floor: 7.50%) due 03/12/26<sup>†††</sup> |  | 7240077 | 7170762 |
| Avalara, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;11.83% (3 Month Term SOFR + 7.25%, Rate Floor: 8.00%) due 10/19/28 |  | 16000000 | 15775328 |
| Datix Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.95% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/28/25<sup>†††</sup> |  | 9112505 | 8900184 |
| &nbsp;&nbsp;&nbsp;9.94% (6 Month GBP SONIA + 7.75%, Rate Floor: 8.44%) due 04/27/26<sup>†††</sup> | GBP | 4225000 | 5002886 |
| &nbsp;&nbsp;&nbsp;6.69% (6 Month GBP SONIA + 4.50%, Rate Floor: 5.19%) due 04/28/25<sup>†††</sup> | GBP | 1000000 | 1180730 |
| &nbsp;&nbsp;&nbsp;12.20% (6 Month Term SOFR + 7.75%, Rate Floor: 9.26%) due 04/27/26<sup>†††</sup> |  | 461709 | 452244 |
| Polaris Newco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.67% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/04/26<sup>†††</sup> |  | 16879300 | 15432635 |
| RLDatix |  |  |  |
| &nbsp;&nbsp;&nbsp;6.69% (6 Month GBP SONIA + 4.50%, Rate Floor: 4.50%) due 10/28/24<sup>†††</sup> | GBP | 8500000 | 10036206 |
| &nbsp;&nbsp;&nbsp;8.95% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/27/25<sup>†††</sup> |  | 3400533 | 3321301 |
| &nbsp;&nbsp;&nbsp;12.20% (6 Month Term SOFR + 7.75%, Rate Floor: 7.75%) due 04/27/26<sup>†††</sup> |  | 912001 | 893305 |
| Aston FinCo SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;8.20% (1 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 10/09/26<sup>†††</sup> | GBP | 12805650 | 14242261 |
| Team.Blue Finco SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.90% (3 Month EURIBOR + 3.70%, Rate Floor: 3.70%) due 03/30/28 | EUR | 10339869 | 10395793 |
| Peraton Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 02/01/28 |  | 7895247 | 7696208 |
| Project Boost Purchaser LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 05/29/26 |  | 6690285 | 6443614 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Technology - 3.0% (continued)** |  |  |  |
| Apttus Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.66% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 05/08/28 |  | 6154005 | $5738610 |
| Imprivata, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.75%) due 12/01/27 |  | 4825750 | 4643288 |
| VT TopCo, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 08/01/25 |  | 4299347 | 4156050 |
| Sitecore USA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;11.72% (3 Month USD LIBOR + 7.00%, Rate Floor: 7.50%) due 03/12/26<sup>†††</sup> |  | 4104291 | 4064998 |
| AVS Group GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.37% (1 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 09/10/26 | EUR | 3750000 | 3731123 |
| Atlas CC Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 05/25/28 |  | 3077031 | 2578121 |
| Greenway Health LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 02/16/24 |  | 3427708 | 2310275 |
| Misys Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.87% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.50%) due 06/13/24 |  | 2365595 | 2086644 |
| 24-7 Intouch, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 08/25/25 |  | 2215481 | 2043782 |
| Boxer Parent Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 10/02/25 |  | 1805970 | 1726147 |
| **Total Technology** |  |  | 169203971 |
| **Financial - 2.1%** |  |  |  |
| Jones Deslauriers Insurance Management, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Canada Banker Acceptance + 4.25%, Rate Floor: 5.00%) due 03/27/28 | CAD | 39588679 | 27200673 |
| Orion Advisor Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.16% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 09/24/27 |  | 21242752 | 19304351 |
| HighTower Holding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.28% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/21/28 |  | 18614375 | 17001067 |
| Higginbotham Insurance Agency, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.63% (1 Month USD LIBOR + 5.25%, Rate Floor: 6.00%) due 11/25/26<sup>†††</sup> |  | 15344271 | 14897753 |
| Camelia Bidco Banc Civica |  |  |  |
| &nbsp;&nbsp;&nbsp;8.20% (3 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 10/14/24 | GBP | 12975000 | 13567910 |
| Eisner Advisory Group |  |  |  |
| &nbsp;&nbsp;&nbsp;9.69% (1 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 07/28/28<sup>†††</sup> |  | 10922625 | 10267268 |
| Teneo Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.67% (1 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 07/11/25 |  | 6284304 | 6032932 |
| Duff & Phelps |  |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 04/09/27 |  | 4324041 | 4030828 |
| Alter Domus |  |  |  |
| &nbsp;&nbsp;&nbsp;8.06% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 02/17/28 |  | 3840770 | 3725547 |
| Cross Financial Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.44% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 09/15/27 |  | 3343485 | 3282199 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | | |
| **Financial - 2.1% (continued)** |  |  |  |
| Eisner Advisory Group |  |  |  |
| &nbsp;&nbsp;&nbsp;9.69% (1 Month Term SOFR + 5.25%, Rate Floor: 6.00%) due 07/28/28 |  | 1208870 | $1136338 |
| Nexus Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26 |  | 1024005 | 979020 |
| **Total Financial** |  |  | 121425886 |
| **Communications - 1.2%** |  |  |  |
| Syndigo LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.84% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/15/27 |  | 24912603 | 22421343 |
| Xplornet Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 10/02/28 |  | 25110907 | 19419017 |
| FirstDigital Communications LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.69% (1 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 12/17/26 |  | 10550000 | 10299843 |
| Radiate Holdco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/25/26 |  | 7645859 | 6182824 |
| Zayo Group Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27 |  | 6146447 | 4961474 |
| McGraw Hill LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.25%) due 07/28/28 |  | 1068370 | 1003264 |
| Cincinnati Bell, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.67% (1 Month Term SOFR + 3.25%, Rate Floor: 3.75%) due 11/22/28 |  | 990000 | 970200 |
| Flight Bidco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;11.88% (1 Month USD LIBOR + 7.50%, Rate Floor: 7.50%) due 07/23/26 |  | 1000000 | 903330 |
| SFR Group S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.65% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.00%) due 08/14/26 |  | 432000 | 400861 |
| **Total Communications** |  |  | 66562156 |
| **Basic Materials - 0.4%** |  |  |  |
| CTEC III GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.70% (3 Month EURIBOR + 3.75%, Rate Floor: 3.75%) due 03/16/29 | EUR | 3800000 | 3819291 |
| LTI Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 4.75%) due 07/24/26 |  | 3875361 | 3691282 |
| GrafTech Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 02/12/25 |  | 3379917 | 3337668 |
| Illuminate Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/30/27 |  | 3237829 | 3095008 |
| American Rock Salt Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 06/09/28 |  | 2711727 | 2542244 |
| Vectra Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 03/08/25 |  | 2470242 | 1935434 |
| Ascend Performance Materials Operations LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.83% (6 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 08/27/26 |  | 1481704 | 1391691 |
| **Total Basic Materials** |  |  | 19812618 |
| **Utilities - 0.1%** |  |  |  |
| Hamilton Projects Acquiror LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.23% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 06/17/27 |  | 7785086 | 7652117 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 20.5% (continued)** | | |
| **Utilities - 0.1% (continued)** |  |  |
| Granite Generation LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.75%) due 11/09/26 | 668327 | $647756 |
| **Total Utilities** |  | 8299873 |
| **Energy - 0.1%** |  |  |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.01% (1 Month USD LIBOR + 2.63%, Rate Floor: 2.63%) due 08/19/26<sup>†††</sup> | 5471685 | 5485364 |
| Permian Production Partners LLC |  |  |
| &nbsp;&nbsp;&nbsp;12.39% (1 Month USD LIBOR + 6.00%, Rate Floor: 10.39%) (in-kind rate was 2.00%) due 11/24/25<sup>†††,14</sup> | 1137860 | 1132171 |
| **Total Energy** |  | 6617535 |
| **Total Senior Floating Rate Interests** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,291,877,258) |  | 1163486742 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 8.4%** |  |  |
| **Residential Mortgage-Backed Securities - 6.7%** |  |  |
| FKRT |  |  |
| &nbsp;&nbsp;&nbsp;2.21% due 11/30/58<sup>†††,10</sup> | 33850000 | 32491939 |
| JP Morgan Mortgage Acquisition Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 12/25/36<sup>◊</sup> | 21710376 | 11668888 |
| &nbsp;&nbsp;&nbsp;2006-WMC3, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 08/25/36<sup>◊</sup> | 8594002 | 5993722 |
| &nbsp;&nbsp;&nbsp;2006-HE3, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 11/25/36<sup>◊</sup> | 5344977 | 4603023 |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.51% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 12/25/36<sup>◊</sup> | 7472903 | 4006598 |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.47% (1 Month USD LIBOR + 0.08%, Rate Floor: 0.08%) due 12/25/36<sup>◊</sup> | 3159805 | 1687966 |
| Ameriquest Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-M3, 4.56% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 10/25/36<sup>◊</sup> | 19819785 | 11379468 |
| &nbsp;&nbsp;&nbsp;2006-M3, 4.63% (1 Month USD LIBOR + 0.24%, Rate Floor: 0.24%) due 10/25/36<sup>◊</sup> | 32106352 | 10458680 |
| &nbsp;&nbsp;&nbsp;2006-M3, 4.49% (1 Month USD LIBOR + 0.10%, Rate Floor: 0.10%) due 10/25/36<sup>◊</sup> | 13347203 | 4348022 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-R1, 3.13% due 01/29/70<sup>4,8</sup> | 25342212 | 22445255 |
| WaMu Asset-Backed Certificates WaMu Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 04/25/37<sup>◊</sup> | 24076836 | 9174729 |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/37<sup>◊</sup> | 18346336 | 6957659 |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.56% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 07/25/47<sup>◊</sup> | 6829425 | 4855178 |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.64% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/47<sup>◊</sup> | 2044442 | 1236705 |
| RALI Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-QO6, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 06/25/46<sup>◊</sup> | 30674404 | 6981577 |
| &nbsp;&nbsp;&nbsp;2007-QO2, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 02/25/47<sup>◊</sup> | 13056696 | 4729557 |
| &nbsp;&nbsp;&nbsp;2006-QO8, 4.79% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 10/25/46<sup>◊</sup> | 3918650 | 3664507 |
| &nbsp;&nbsp;&nbsp;2006-QO6, 4.85% (1 Month USD LIBOR + 0.46%, Rate Floor: 0.46%) due 06/25/46<sup>◊</sup> | 7981062 | 1871026 |
| &nbsp;&nbsp;&nbsp;2006-QO2, 4.93% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 02/25/46<sup>◊</sup> | 5947913 | 1294543 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;2006-QO6, 4.91% (1 Month USD LIBOR + 0.52%, Rate Floor: 0.52%) due 06/25/46<sup>◊</sup> | 5035370.0 | 1198824.0 |
| &nbsp;&nbsp;&nbsp;2006-QO2, 5.07% (1 Month USD LIBOR + 0.68%, Rate Floor: 0.68%) due 02/25/46<sup>◊</sup> | 3182638.0 | 720251.0 |
| &nbsp;&nbsp;&nbsp;2006-QO2, 4.83% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/46<sup>◊</sup> | 213333.0 | 45197.0 |
| Long Beach Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-6, 4.89% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 07/25/36<sup>◊</sup> | 13886443.0 | 5609073.0 |
| &nbsp;&nbsp;&nbsp;2006-8, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 09/25/36<sup>◊</sup> | 16658692.0 | 4664184.0 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 8.4% (continued)** | | |
| **Residential Mortgage-Backed Securities - 6.7% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2006-4, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 05/25/36<sup>◊</sup> | 10038300 | $3102208 |
| &nbsp;&nbsp;&nbsp;2006-1, 4.77% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 02/25/36<sup>◊</sup> | 3775788 | 3072764 |
| &nbsp;&nbsp;&nbsp;2006-6, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 07/25/36<sup>◊</sup> | 4324070 | 1739723 |
| &nbsp;&nbsp;&nbsp;2006-8, 4.57% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 09/25/36<sup>◊</sup> | 4514192 | 1259505 |
| &nbsp;&nbsp;&nbsp;2006-6, 4.59% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 07/25/36<sup>◊</sup> | 2503113 | 1004376 |
| American Home Mortgage Assets Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-6, 4.60% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 12/25/46<sup>◊</sup> | 7677975 | 6182537 |
| &nbsp;&nbsp;&nbsp;2006-1, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 05/25/46<sup>◊</sup> | 6750230 | 5692320 |
| &nbsp;&nbsp;&nbsp;2006-3, 2.99% (1 Year CMT Rate + 0.94%, Rate Floor: 0.94%) due 10/25/46<sup>◊</sup> | 5153425 | 3564247 |
| NYMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-SP1, 5.25% due 07/25/62<sup>4,8</sup> | 13981266 | 13460641 |
| Morgan Stanley IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-2, 4.61% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 11/25/36<sup>◊</sup> | 21870668 | 7479882 |
| &nbsp;&nbsp;&nbsp;2006-2, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 11/25/36<sup>◊</sup> | 16684583 | 5705181 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM9, 6.45% due 09/25/62<sup>4,8</sup> | 8359659 | 8138284 |
| &nbsp;&nbsp;&nbsp;2022-NQM8, 6.10% due 09/25/62<sup>4,8</sup> | 4779172 | 4627917 |
| Morgan Stanley ABS Capital I Incorporated Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE8, 4.61% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 10/25/36<sup>◊</sup> | 19582237 | 9237824 |
| &nbsp;&nbsp;&nbsp;2006-HE6, 4.59% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 09/25/36<sup>◊</sup> | 4356535 | 1632254 |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.62% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 02/25/37<sup>◊</sup> | 3830866 | 1268869 |
| IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.55% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 05/25/37<sup>◊</sup> | 24162536 | 6106417 |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.62% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 05/25/37<sup>◊</sup> | 17118817 | 4326261 |
| GSAMP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-NC1, 4.52% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/46<sup>◊</sup> | 18560923 | 9853738 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 5.71% due 08/25/67<sup>4,8</sup> | 9779422 | 9368702 |
| Master Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-WMC3, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 08/25/36<sup>◊</sup> | 10177766 | 3564862 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;2006-HE3, 4.59% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 08/25/36<sup>◊</sup> | 9561313.0 | 2902259.0 |
| &nbsp;&nbsp;&nbsp;2006-HE3, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 08/25/36<sup>◊</sup> | 8038781.0 | 2440040.0 |
| GSAA Home Equity Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-3, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/36<sup>◊</sup> | 10506897.0 | 5699718.0 |
| &nbsp;&nbsp;&nbsp;2006-9, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 06/25/36<sup>◊</sup> | 7585952.0 | 2398798.0 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 8.4% (continued)** | | |
| **Residential Mortgage-Backed Securities - 6.7% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2007-7, 4.93% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 07/25/37<sup>◊</sup> | 483959 | $458867 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2007-AMC3, 4.64% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 03/25/37<sup>◊</sup> | 10116003 | 8307093 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊,10</sup> | 8650000 | 7295246 |
| Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-FRE1, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/37<sup>◊</sup> | 7122666 | 6645163 |
| Argent Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-W5, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 06/25/36<sup>◊</sup> | 9198215 | 6042395 |
| Lehman XS Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-18N, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 12/25/36<sup>◊</sup> | 3932022 | 3673232 |
| &nbsp;&nbsp;&nbsp;2006-10N, 4.81% (1 Month USD LIBOR + 0.42%, Rate Floor: 0.42%) due 07/25/46<sup>◊</sup> | 2522288 | 2297269 |
| First NLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-1, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 08/25/37<sup>◊,4</sup> | 6648473 | 3095520 |
| &nbsp;&nbsp;&nbsp;2007-1, 4.46% (1 Month USD LIBOR + 0.07%, Rate Floor: 0.07%) due 08/25/37<sup>◊,4</sup> | 5041750 | 2346107 |
| Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA7, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 05/25/47<sup>◊</sup> | 6459829 | 5407040 |
| Merrill Lynch Mortgage Investors Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.81% (1 Month USD LIBOR + 0.42%, Rate Floor: 0.42%) due 02/25/37<sup>◊</sup> | 7078715 | 2110370 |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.91% (1 Month USD LIBOR + 0.52%, Rate Floor: 0.52%) due 02/25/37<sup>◊</sup> | 5123976 | 1527687 |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.63% (1 Month USD LIBOR + 0.24%, Rate Floor: 0.24%) due 02/25/37<sup>◊</sup> | 4074086 | 1214310 |
| &nbsp;&nbsp;&nbsp;2007-HE2, 5.23% (1 Month USD LIBOR + 0.84%, Rate Floor: 0.84%) due 02/25/37<sup>◊</sup> | 1657891 | 494314 |
| WaMu Asset-Backed Certificates WaMu Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.62% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 01/25/37<sup>◊</sup> | 7457099 | 3387931 |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.56% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 07/25/47<sup>◊</sup> | 2863364 | 1730745 |
| Citigroup Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-A, 6.17% due 09/25/62<sup>4,8</sup> | 4950875 | 4838747 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-8, 6.13% due 09/25/67<sup>4,8</sup> | 4933813 | 4782304 |
| ACE Securities Corporation Home Equity Loan Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-ASP1, 5.15% (1 Month USD LIBOR + 0.76%, Rate Floor: 0.76%) due 03/25/37<sup>◊</sup> | 10772468 | 4254620 |

---

---

| | | |
|:---|:---|:---|
| HSI Asset Securitization Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 01/25/37<sup>◊</sup> | 5934083.0 | 4218983.0 |
| Finance of America HECM Buyout |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB2, 6.00% (WAC) due 04/25/26<sup>◊,4</sup> | 3850000.0 | 3721079.0 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-RPL5, 3.02% (WAC) due 08/25/60<sup>◊,4</sup> | 3802039.0 | 3632858.0 |
| First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-FF16, 4.81% (1 Month USD LIBOR + 0.42%, Rate Floor: 0.42%) due 12/25/36<sup>◊</sup> | 7605149.0 | 3265302.0 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 8.4% (continued)** | | |
| **Residential Mortgage-Backed Securities - 6.7% (continued)** |  |  |
| Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-AR9, 2.89% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46<sup>◊</sup> | 3915247 | $3091040 |
| Morgan Stanley Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-9AR, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 08/25/36<sup>◊</sup> | 8384696 | 2504651 |
| Alliance Bancorp Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA1, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 07/25/37<sup>◊</sup> | 2029739 | 1660217 |
| Nomura Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-4R, 2.22% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/36<sup>◊,4</sup> | 1671084 | 1498413 |
| Morgan Stanley Re-REMIC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2010-R5, 2.18% due 06/26/36<sup>4</sup> | 549705 | 479290 |
| Asset-Backed Securities Corporation Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE5, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 07/25/36<sup>◊</sup> | 149858 | 147041 |
| **Total Residential Mortgage-Backed Securities** |  | 380043731 |
| **Commercial Mortgage-Backed Securities - 1.2%** |  |  |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 6.32% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 09/15/36<sup>◊,4</sup> | 19750000 | 18366876 |
| &nbsp;&nbsp;&nbsp;2019-XL, 6.75% (1 Month Term SOFR + 2.41%, Rate Floor: 2.41%) due 10/15/36<sup>◊,4</sup> | 1989000 | 1903867 |
| GS Mortgage Securities Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-UPTN, 3.25% (WAC) due 02/10/37<sup>◊,4</sup> | 8256000 | 7048916 |
| &nbsp;&nbsp;&nbsp;2020-DUNE, 6.82% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 12/15/36<sup>◊,4</sup> | 7340000 | 6861800 |
| &nbsp;&nbsp;&nbsp;2020-DUNE, 6.22% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 12/15/36<sup>◊,4</sup> | 2750000 | 2595650 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-NYAH, 6.96% (1 Month USD LIBOR + 2.64%, Rate Floor: 2.64%) due 06/15/38<sup>◊,4</sup> | 15000000 | 13897310 |
| SMRT |  |  |
| &nbsp;&nbsp;&nbsp;2022-MINI, 6.29% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 01/15/39<sup>◊,4</sup> | 10000000 | 9298397 |
| MHP |  |  |
| &nbsp;&nbsp;&nbsp;2022-MHIL, 6.95% (1 Month Term SOFR + 2.61%, Rate Floor: 2.61%) due 01/15/27<sup>◊,4</sup> | 8744927 | 8065677 |

---

---

| | | |
|:---|:---|:---|
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-NXS1, 2.63% due 05/15/48 | 96395.0 | 96191 |
| **Total Commercial Mortgage-Backed Securities** |  | 68134684 |
| **Military Housing - 0.5%** |  |  |
| Freddie Mac Military Housing Bonds Resecuritization Trust Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 11/25/52<sup>◊,4,13</sup> | 220648835.0 | 13353543 |
| GMAC Commercial Mortgage Asset Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2004-POKA, 6.36% due 09/10/44<sup>†††,4</sup> | 9000000.0 | 9011610 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Face**<br> **Amount<sup>~</sup>** | **Face**<br> **Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 8.4% (continued)** | | | |
| **Military Housing - 0.5% (continued)** |  |  |  |
| Capmark Military Housing Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2007-AET2, 6.06% due 10/10/52<sup>†††,4</sup> |  | 5521214 | $5003379 |
| **Total Military Housing** |  |  | 27368532 |
| **Total Collateralized Mortgage Obligations** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $605,162,339) |  |  | 475546947 |
| **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 1.7%** |  |  |  |
| U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; due 08/15/51<sup>11,15,16</sup> |  | 164620000 | 53513974 |
| U.S. Treasury Notes |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 10/31/24<sup>11</sup> |  | 23000000 | 22934414 |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/25<sup>11</sup> |  | 18300000 | 18285703 |
| **Total U.S. Government Securities** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $109,588,536) |  |  | 94734091 |
| **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 1.1%** |  |  |  |
| Government of Japan |  |  |  |
| &nbsp;&nbsp;&nbsp;(0.24)% due 01/30/23<sup>17</sup> | JPY | 1375000000 | 10476918 |
| &nbsp;&nbsp;&nbsp;(0.24)% due 01/11/23<sup>17</sup> | JPY | 1100000000 | 8380620 |
| &nbsp;&nbsp;&nbsp;(0.28)% due 01/06/23<sup>17</sup> | JPY | 832000000 | 6338682 |
| Province of New Brunswick Canada T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;4.15% due 02/02/23<sup>17</sup> | CAD | 13000000 | 9565284 |
| Newfoundland T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;3.90% due 01/16/23<sup>17</sup> | CAD | 9000000 | 6635817 |
| &nbsp;&nbsp;&nbsp;4.23% due 01/09/23<sup>17</sup> | CAD | 985000 | 726872 |
| &nbsp;&nbsp;&nbsp;4.11% due 01/12/23<sup>17</sup> | CAD | 750000 | 553245 |
| European Stability Mechanism Treasury Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;1.13% due 01/12/23<sup>17</sup> | EUR | 5000000 | 5353004 |
| Kingdom of Sweden |  |  |  |
| &nbsp;&nbsp;&nbsp;1.49% due 01/18/23<sup>17</sup> | SEK | 50000000 | 4789966 |
| Quebec T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;4.14% due 01/27/23<sup>17</sup> | CAD | 4000000 | 2945381 |
| &nbsp;&nbsp;&nbsp;4.24% due 01/06/23<sup>17</sup> | CAD | 670000 | 494594 |
| &nbsp;&nbsp;&nbsp;4.11% due 01/20/23<sup>17</sup> | CAD | 475000 | 350059 |
| Ontario T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;4.04% due 01/04/23<sup>17</sup> | CAD | 2015000 | 1487829 |
| &nbsp;&nbsp;&nbsp;4.11% due 01/18/23<sup>17</sup> | CAD | 600000 | 442286 |
| &nbsp;&nbsp;&nbsp;4.23% due 02/01/23<sup>17</sup> | CAD | 357000 | 262720 |
| Province of Manitoba Canada T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 01/25/23<sup>17</sup> | CAD | 939000 | 691823 |
| &nbsp;&nbsp;&nbsp;3.85% due 01/11/23<sup>17</sup> | CAD | 381000 | 281133 |
| Alberta T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;4.23% due 01/31/23<sup>17</sup> | CAD | 1000000 | 735968 |
| Nova Scotia T-Bill |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 01/24/23<sup>17</sup> | CAD | 830000 | 611424 |
| **Total Foreign Government Debt** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $60,343,870) |  |  | 61123625 |
| **CONVERTIBLE BONDS<sup>††</sup> - 0.3%** |  |  |  |
| **Consumer, Non-cyclical - 0.2%** |  |  |  |
| Block, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; due 05/01/26<sup>15</sup> |  | 12240000 | 9908280 |
| **Communications - 0.1%** |  |  |  |
| Cable One, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp; due 03/15/26<sup>15</sup> |  | 5750000 | 4516625 |
| **Total Convertible Bonds** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $15,240,603) |  |  | 14424905 |
| **U.S. TREASURY BILLS<sup>††</sup> - 0.1%** |  |  |  |
| U.S. Treasury Bills |  |  |  |
| &nbsp;&nbsp;&nbsp;4.28% due 04/20/23<sup>2,17</sup> |  | 5000000 | 4934812 |
| &nbsp;&nbsp;&nbsp;2.82% due 01/12/23<sup>17</sup> |  | 3600000 | 3596875 |
| **Total U.S. Treasury Bills** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $8,532,073) |  |  | 8531687 |
| **SENIOR FIXED RATE INTERESTS<sup>††</sup> - 0.0%** |  |  |  |
| **Industrial - 0.0%** |  |  |  |
| Schur Flexibles GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;12.20% due 09/30/26 | EUR | 404966 | 418542 |
| &nbsp;&nbsp;&nbsp;11.30% due 09/30/26 | EUR | 274888 | 284103 |
| &nbsp;&nbsp;&nbsp;11.94% due 09/30/26 | EUR | 71585 | 73984 |
| **Total Industrial** |  |  | 776629 |
| **Total Senior Fixed Rate Interests** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $764,982) |  |  | 776629 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional**<br> **Value** | **Contracts/<br>Notional**<br> **Value** | **Value** |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** | | | |
| **Call Options on:** |  |  |  |
| **Interest Rate Options** |  |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP Expiring December 2023 with strike price of $0.10 | USD | 164200000 | $611882 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc 10Y-2Y SOFR CMS CAP Expiring December 2023 with strike price of $0.20 | USD | 164200000 | 611881 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP Expiring June 2024 with strike price of $0.10 | USD | 164200000 | 695888 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc 10Y-2Y SOFR CMS CAP Expiring June 2024 with strike price of $0.10 | USD | 162650000 | 689319 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 10Y-2Y SOFR CMS CAP Expiring June 2024 with strike price of $0.10 | USD | 82100000 | 347944 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. 10Y-2Y SOFR CMS CAP Expiring December 2023 with strike price of $0.20 | USD | 80550000 | 341375 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International 10Y-2Y SOFR CMS CAP Expiring June 2024 with strike price of $0.10 | USD | 66950000 | 283737 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International 10Y-2Y SOFR CMS CAP Expiring December 2023 with strike price of $0.20 | USD | 66950000 | 249485 |
| **Total Interest Rate Options** |  |  | 3831511 |
| **Foreign Exchange Options** |  |  |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange EUR/GBP Expiring January 2023 with strike price of EUR 0.88 (Notional Value $11,739,750) | EUR | 11000000 | 160398 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange EUR/GBP Expiring January 2023 with strike price of EUR 0.86 (Notional Value $5,016,075) | EUR | 4700000 | 154455 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange USD/SEK Expiring January 2023 with strike price of $10.42 | USD | 12100000 | 121291 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange EUR/CAD Expiring January 2023 with strike price of EUR 1.42 (Notional Value $4,002,187) | EUR | 3750000 | 80197 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/SEK Expiring January 2023 with strike price of $10.28 | USD | 4000000 | 72269 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.76 | USD | 4000000 | 60636 |
| &nbsp;&nbsp;&nbsp;Citibank, N.A. Foreign Exchange NOK/SEK Expiring January 2023 with strike price of NOK 1.05 (Notional Value $3,958,989) | NOK | 39000000 | 57621 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Foreign Exchange NOK/SEK Expiring January 2023 with strike price of NOK 1.06 (Notional Value $11,470,917) | NOK | 113000000 | 54884 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange USD/NOK Expiring January 2023 with strike price of $10.07 | USD | 11600000 | 50958 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange EUR/USD Expiring January 2023 with strike price of EUR 1.08 (Notional Value $11,472,938) | EUR | 10750000 | 41894 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional**<br> **Value** | **Contracts/<br>Notional**<br> **Value** | **Value** |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1% (continued)** | | | |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.92 | USD | 4100000 | $37475 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $10.16 | USD | 11250000 | 35301 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2023 with strike price of EUR 1.07 (Notional Value $4,002,187) | EUR | 3750000 | 29306 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.87 | USD | 4200000 | 23266 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/CAD Expiring January 2023 with strike price of EUR 1.46 (Notional Value $11,739,750) | EUR | 11000000 | 14315 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $10.06 | USD | 11000000 | 4755 |
| **Total Foreign Exchange Options** |  |  | 999021 |
| **Put Options on:** |  |  |  |
| **Foreign Exchange Options** |  |  |  |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.92 | USD | 4100000 | 68042 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.66 | USD | 11250000 | 51048 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.59 | USD | 11600000 | 33089 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/USD Expiring January 2023 with strike price of EUR 1.07 (Notional Value $4,002,187) | EUR | 3750000 | 30776 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.87 | USD | 4200000 | 30345 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.76 | USD | 4000000 | 26290 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/SEK Expiring January 2023 with strike price of $10.28 | USD | 4000000 | 23789 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc <br> Foreign Exchange EUR/USD Expiring January 2023 with strike price of EUR 1.05 (Notional Value $11,472,938) | EUR | 10750000 | 22740 |
| &nbsp;&nbsp;&nbsp;Citibank, N.A. Foreign Exchange NOK/SEK Expiring January 2023 with strike price of NOK 1.05 (Notional Value $3,958,989) | NOK | 39000000 | 14877 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Foreign Exchange NOK/SEK Expiring January 2023 with strike price of NOK 1.03 (Notional Value $11,470,917) | NOK | 113000000 | 12314 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional**<br> **Value** | **Contracts/<br>Notional**<br> **Value** | **Value** |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1% (continued)** | | | |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange USD/SEK Expiring January 2023 with strike price of $9.96 | USD | 12100000 | $4768 |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange EUR/CAD Expiring January 2023 with strike price of EUR 1.41 (Notional Value $11,739,750) | EUR | 11000000 | 873 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange EUR/CAD Expiring January 2023 with strike price of EUR 1.42 (Notional Value $4,002,187) | EUR | 3750000 | 309 |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange USD/NOK Expiring January 2023 with strike price of $9.47 | USD | 11000000 | 97 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange EUR/GBP Expiring January 2023 with strike price of EUR 0.86 (Notional Value $5,016,075) | EUR | 4700000 | 7 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange EUR/GBP Expiring January 2023 with strike price of EUR 0.85 (Notional Value $11,739,750) | EUR | 11000000 | 2 |
| **Total Foreign Exchange Options** |  |  | 319366 |
| **Total OTC Options Purchased** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $5,743,260) |  |  | 5149898 |

---

---

| | | | |
|:---|:---|:---|:---|
| **OTC INTEREST RATE SWAPTIONS PURCHASED<sup>††,19</sup> - 0.7%** | | | |
| **Call Swaptions on:** |  |  |  |
| **Interest Rate Swaptions** |  |  |  |
| &nbsp;&nbsp;&nbsp;Citibank, N.A. 5-Year Interest Rate Swap Expiring October 2027 with exercise rate of 3.10% (Notional Value $114,729,375) | EUR | 107500000 | 4926050 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG 5-Year Interest Rate Swap Expiring April 2027 with exercise rate of 2.69% | USD | 92814000 | 2761172 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG 5-Year Interest Rate Swap Expiring April 2032 with exercise rate of 2.39% | USD | 72235000 | 2020308 |
| &nbsp;&nbsp;&nbsp;Citibank, N.A. 20-Year Interest Rate Swap Expiring April 2029 with exercise rate of 2.38% | USD | 24141000 | 1699377 |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc 20-Year Interest Rate Swap Expiring April 2027 with exercise rate of 1.58% (Notional Value $22,554,375) | GBP | 18750000 | 991567 |
| **Total Interest Rate Swaptions** |  |  | 12398474 |
| **Put Swaptions on:** |  |  |  |
| **Interest Rate Swaptions** |  |  |  |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc 20-Year Interest Rate Swap Expiring April 2027 with exercise rate of 1.58% (Notional Value $22,554,375) | GBP | 18750000 | 6694955 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG 5-Year Interest Rate Swap Expiring April 2032 with exercise rate of 2.39% | USD | 72235000 | 5555379 |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG 5-Year Interest Rate Swap Expiring April 2027 with exercise rate of 2.69% | USD | 92814000 | 5383123 |
| &nbsp;&nbsp;&nbsp;Citibank, N.A. 5-Year Interest Rate Swap Expiring October 2027 with exercise rate of 3.10% (Notional Value $114,729,375) | EUR | 107500000 | 4946595 |
| &nbsp;&nbsp;&nbsp;Citibank, N.A. 20-Year Interest Rate Swap Expiring April 2029 with exercise rate of 2.38% | USD | 24141000 | 4340465 |
| **Total Interest Rate Swaptions** |  |  | 26920517 |
| **Total OTC Interest Rate Swaptions Purchased** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $36,571,675) |  |  | 39318991 |
| **Total Investments - 99.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,468,067,681) |  |  | 5617903619 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional<br> Value** | **Contracts/<br>Notional<br> Value** | **Value** |
| **OTC OPTIONS WRITTEN<sup>††</sup> - (0.1)%** | | | |
| **Call Options on:** |  |  |  |
| **Foreign Exchange Options** |  |  |  |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring January 2023 with strike price of $139.45 | USD | 3000000 | $(39) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange AUD/JPY Expiring January 2023 with strike price of AUD 93.90 (Notional Value $3,051,675) | AUD | 4500000 | (107) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/CAD Expiring January 2023 with strike price of $1.39 | USD | 2750000 | (328) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange CAD/JPY Expiring January 2023 with strike price of CAD 100.55 (Notional Value $19,262,703) | CAD | 26100000 | (855) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange NZD/JPY Expiring January 2023 with strike price of NZD 88.84 (Notional Value $2,687,913) | NZD | 4250000 | (1001) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange CAD/JPY Expiring January 2023 with strike price of CAD 102.60 (Notional Value $2,767,630) | CAD | 3750000 | (1114) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange AUD/JPY Expiring January 2023 with strike price of AUD 93.76 (Notional Value $2,034,450) | AUD | 3000000 | (2272) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.08 (Notional Value $3,051,675) | AUD | 4500000 | (4177) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange AUD/CAD Expiring January 2023 with strike price of AUD 0.93 (Notional Value $2,848,230) | AUD | 4200000 | (10078) |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional<br>Value** | **Contracts/<br>Notional<br>Value** | **Value** |
| **OTC OPTIONS WRITTEN<sup>††</sup> - (0.1%) (continued)** | | | |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange AUD/JPY Expiring January 2023 with strike price of AUD 91.40 (Notional Value $19,666,350) | AUD | 29000000 | $(13210) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.07 (Notional Value $2,882,137) | AUD | 4250000 | (14953) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange NZD/JPY Expiring January 2023 with strike price of NZD 87.02 (Notional Value $19,289,725) | NZD | 30500000 | (25845) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange USD/CAD Expiring January 2023 with strike price of $1.36 | USD | 20500000 | (41092) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange CAD/JPY Expiring January 2023 with strike price of CAD 99.52 (Notional Value $20,295,952) | CAD | 27500000 | (47854) |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.07 (Notional Value $10,172,250) | AUD | 15000000 | (101295) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.07 (Notional Value $20,344,500) | AUD | 30000000 | (157693) |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.06 (Notional Value $10,172,250) | AUD | 15000000 | (170214) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange NZD/USD Expiring January 2023 with strike price of NZD 0.64 (Notional Value $19,605,950) | NZD | 31000000 | (194345) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange AUD/CAD Expiring January 2023 with strike price of AUD 0.92 (Notional Value $19,666,350) | AUD | 29000000 | (197238) |
| **Total Foreign Exchange Options** |  |  | (983710) |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional<br> Value** | **Contracts/<br>Notional<br> Value** | **Value** |
| **Put Options on:** | | |  |
| **Foreign Exchange Options** | | |  |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.05 (Notional Value $3,051,675) | AUD | 4500000 | $(108) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.05 (Notional Value $2,882,137) | AUD | 4250000 | (959) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange USD/CAD Expiring January 2023 with strike price of $1.34 | USD | 2750000 | (2078) |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC Foreign Exchange AUD/CAD Expiring January 2023 with strike price of AUD 0.90 (Notional Value $2,848,230) | AUD | 4200000 | (5317) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange AUD/JPY Expiring January 2023 with strike price of AUD 88.95 (Notional Value $3,051,675) | AUD | 4500000 | (15193) |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.06 (Notional Value $10,172,250) | AUD | 15000000 | (17088) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange USD/JPY Expiring January 2023 with strike price of $132.05 | USD | 3000000 | (24064) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange AUD/JPY Expiring January 2023 with strike price of AUD 89.09 (Notional Value $2,034,450) | AUD | 3000000 | (25856) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.07 (Notional Value $20,344,500) | AUD | 30000000 | (26788) |
| &nbsp;&nbsp;&nbsp;Deutsche Bank AG Foreign Exchange AUD/NZD Expiring January 2023 with strike price of AUD 1.07 (Notional Value $10,172,250) | AUD | 15000000 | (28855) |
| &nbsp;&nbsp;&nbsp;Goldman Sachs International Foreign Exchange CAD/JPY Expiring January 2023 with strike price of CAD 98.15 (Notional Value $2,767,630) | CAD | 3750000 | (47342) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange NZD/JPY Expiring January 2023 with strike price of NZD 84.41 (Notional Value $2,687,913) | NZD | 4250000 | (56077) |
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange AUD/CAD Expiring January 2023 with strike price of AUD 0.92 (Notional Value $19,666,350) | AUD | 29000000 | (145868) |
| &nbsp;&nbsp;&nbsp;Bank of America, N.A. Foreign Exchange USD/CAD Expiring January 2023 with strike price of $1.36 | USD | 20500000 | (163412) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange NZD/USD Expiring January 2023 with strike price of NZD 0.64 (Notional Value $19,605,950) | NZD | 31000000 | (285414) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange AUD/JPY Expiring January 2023 with strike price of AUD 91.40 (Notional Value $19,666,350) | AUD | 29000000 | (439327) |
| &nbsp;&nbsp;&nbsp;Barclays Bank plc Foreign Exchange CAD/JPY Expiring January 2023 with strike price of CAD 99.52 (Notional Value $20,295,952) | CAD | 27500000 | (525514) |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc Foreign Exchange CAD/JPY Expiring January 2023 with strike price of CAD 100.55 (Notional Value $19,262,703) | CAD | 26100000 | (628564) |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;UBS AG Foreign Exchange NZD/JPY Expiring January 2023 with strike price of NZD 87.02 (Notional Value $19,289,725) | NZD | 30500000 | (889295) |
| **Total Foreign Exchange Options** |  |  | (3327119) |
| **Total OTC Options Written** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $4,522,730) |  |  | (4310829) |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional Value** | **Contracts/<br>Notional Value** | **Value** |
| **OTC INTEREST RATE SWAPTIONS WRITTEN<sup>††,18</sup> - 0.0%** | | | |
| **Call Swaptions on:** |  |  |  |
| **Interest Rate Swaptions** |  |  |  |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc 5-Year Interest Rate Swap Expiring April 2025 with exercise rate of 2.70% | USD | 22032000 | $(539837) |
| **Total Interest Rate Swaptions** |  |  | (539837) |
| **Put Swaptions on:** |  |  |  |
| **Interest Rate Swaptions** |  |  |  |
| &nbsp;&nbsp;&nbsp;J.P. Morgan Securities plc 5-Year Interest Rate Swap Expiring April 2025 with exercise rate of 2.70% | USD | 22032000 | (1096665) |
| **Total Interest Rate Swaptions** |  |  | (1096665) |
| **Total OTC Interest Rate Swaptions Written** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Premiums received $1,546,646)  |  |  | (1636502) |
| **Other Assets & Liabilities, net - 1.0%** |  |  | 59506576 |
| **Total Net Assets - 100.0%** |  |  | $5671462864 |

---

**Futures Contracts**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of<br> Contracts** | **Expiration Date** | **Notional Amount** | **Value and**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)<sup>\*\*</sup>** |
| **Commodity Futures Contracts Purchased<sup>†</sup>** |  |  |  |  |
| Silver Futures Contracts | 571 | Mar 2023 | $68919700 | $8315832 |
| Gold 100 oz. Futures Contracts | 389 | Feb 2023 | 71183110 | 2796698 |
|  |  |  | $140102810 | $11112530 |
| **Interest Rate Futures Contracts Purchased<sup>†</sup>** |  |  |  |  |
| 3-Month SOFR Futures Contracts | 1470 | Mar 2024 | $350760375 | $(936233) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | **Centrally Cleared Credit Default Swap Agreements<sup>††</sup>** | | |
| **Counterparty** | **Index** | **Protection** | **Protection Premium**<br> **Rate**  | **Payment<br> Frequency**  | **Maturity<br> Date**  | **Notional**<br> **Amount~**  | **Value** | <br>**Upfront**<br> **Premiums Paid(Received)**  | <br>**Unrealized Depreciation<sup>\*\*</sup>** |
| J.P. Morgan Securities LLC ICE | CDX.NA.IG.33.V1 | Sold | 1.00% | Quarterly | 12/20/24 | 70000000 | $487832 | $975858 | $(488026) |
| J.P. Morgan Securities LLC ICE | ITRAXX.EUR.38.V1 | Purchased | 1.00% | Quarterly | 12/20/27 | EUR 116,000,000 | (533176) | (329228) | (203948) |
|  |  |  |  |  |  |  | $(45344) | $646630 | $(691974) |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

**Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed Rate** | **Payment Frequency** | **Maturity Date** | | **Notional Amount~** | **Value** | **Upfront Premiums Paid (Received)** | **Unrealized<br> Appreciation<br> (Depreciation)<sup>\*\*</sup>** |
| J.P. Morgan Securities LLC CME | Receive | 3-Month USD LIBOR | 1.65% | Quarterly | 03/17/31 |  | 180000000 | $27496636 | $1387 | $27495249 |
| J.P. Morgan Securities LLC CME | Receive | U.S. Secured Overnight Financing Rate | 1.78% | Annually | 03/11/32 |  | 23700000 | 3288979 | 404 | 3288575 |
| J.P. Morgan Securities LLC LCH | Receive | 6-Month Budapest Interbank Offering Rate | 9.08% | Semi-Annually | 07/26/25 | HUF | 18000000000 | 550282 | 12357 | 537925 |
| J.P. Morgan Securities LLC LCH | Receive | 6-Month EURIBOR | 3.10% | Semi-Annually | 11/02/32 | EUR | 12119000 | (32150) | (274903) | 242753 |
| J.P. Morgan Securities LLC LCH | Pay | U.S. Secured Overnight Financing Rate | 2.38% | Annually | 04/16/49 |  | 472000 |  | (78319) | 78319 |
| J.P. Morgan Securities LLC LCH | Pay | U.S. Secured Overnight Financing Rate | 2.39% | Annually | 04/12/37 |  | 2030000 |  | (73064) | 73064 |
| J.P. Morgan Securities LLC LCH | Pay | U.S. Secured Overnight Financing Rate | 2.69% | Annually | 04/21/32 |  | 5398000 | (87403) | (127693) | 40290 |
| J.P. Morgan Securities LLC LCH | Pay | Swiss Average Rate O/N | 2.15% | Annually | 10/21/27 | CHF | 20250000 | 29838 | 79 | 29759 |
| J.P. Morgan Securities LLC LCH | Receive | U.S. Secured Overnight Financing Rate | 2.70% | Annually | 04/22/30 |  | 3932000 | 90026 | 62458 | 27568 |
| J.P. Morgan Securities LLC LCH | Pay | 6-Month Australian Bank Bill Rate | 4.66% | Semi-Annually | 10/20/28 | AUD | 37450000 | 26518 | 122 | 26396 |
| J.P. Morgan Securities LLC LCH | Pay | Sterling Overnight Interbank Average Rate | 1.58% | Annually | 04/12/47 | GBP | 6504000 | (1663348) | (1606427) | (56921) |
| J.P. Morgan Securities LLC LCH | Pay | Overnight Tokyo Average Rate | 0.19% | Annually | 10/20/24 | JPY | 5720000000 | (61414) | 1571 | (62985) |
| J.P. Morgan Securities LLC LCH | Receive | 3-Month CZK PRIBOR | 4.94% | Quarterly | 10/21/25 | CZK | 1100000000 | (224225) | (39100) | (185125) |
| J.P. Morgan Securities LLC LCH | Pay | U.S. Secured Overnight Financing Rate | 2.67% | Annually | 04/19/27 |  | 7583000 | (345814) | 241 | (346055) |
| J.P. Morgan Securities LLC LCH | Pay | 1D Euro Short Term Rate | 0.92% | Annually | 04/12/27 | EUR | 6017000 | (531825) | 987 | (532812) |
| J.P. Morgan Securities LLC LCH | Pay | Sterling Overnight Interbank Average Rate | 0.85% | Annually | 12/03/26 | GBP | 4491000 | (645744) | (47419) | (598325) |
| J.P. Morgan Securities LLC LCH | Pay | U.S. Secured Overnight Financing Rate | 1.08% | Annually | 12/06/28 |  | 6071000 | (829845) | (100091) | (729754) |
| J.P. Morgan Securities LLC LCH | Pay | U.S. Secured Overnight Financing Rate | 1.23% | Annually | 12/03/31 |  | 6975000 | (1236795) | (174065) | (1062730) |
| J.P. Morgan Securities LLC CME | Pay | U.S. Secured Overnight Financing Rate | 2.78% | Annually | 07/18/27 |  | 664200000 | (27857777) | 2938 | (27860715) |
|  |  |  |  |  |  |  |  | $(2034061) | $(2438537) | $404476 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

**Forward Foreign Currency Exchange Contracts<sup>††</sup>**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | **Settlement Date** | **Unrealized**<br> **Appreciation**<br> **(Depreciation)**  |
| Barclays Bank plc | GBP | Sell | 79500000 | 98,521,170 USD | 01/17/23 | $2377287 |
| JPMorgan Chase Bank, N.A. | JPY | Buy | 12415167540 | 93,632,951 USD | 01/06/23 | 979105 |
| JPMorgan Chase Bank, N.A. | AUD | Buy | 84756765 | 57,114,057 USD | 01/05/23 | 597231 |
| JPMorgan Chase Bank, N.A. | USD | Sell | 23681102 | 233,737,347 NOK | 01/13/23 | 189340 |
| Goldman Sachs International | USD | Sell | 11000000 | 1,460,112,500 JPY | 01/20/23 | 149109 |
| Goldman Sachs International | EUR | Buy | 20680000 | 22,033,399 USD | 01/13/23 | 129763 |
| Barclays Bank plc | EUR | Buy | 15350000 | 16,342,222 USD | 01/17/23 | 113531 |
| JPMorgan Chase Bank, N.A. | NZD | Buy | 33520000 | 21,184,566 USD | 01/06/23 | 104202 |
| UBS AG | EUR | Buy | 9550000 | 10,137,848 USD | 01/13/23 | 97073 |
| Citibank, N.A. | CAD | Buy | 11800000 | 8,645,855 USD | 01/17/23 | 72637 |
| Deutsche Bank AG | EUR | Buy | 5740000 | 6,097,513 USD | 01/13/23 | 54158 |
| Deutsche Bank AG | JPY | Buy | 238735600 | 1,857,032 USD | 12/07/23 | 52834 |
| JPMorgan Chase Bank, N.A. | NOK | Buy | 64384973 | 6,524,913 USD | 01/13/23 | 50406 |
| Barclays Bank plc | CAD | Sell | 9000000 | 6,692,520 USD | 01/17/23 | 42823 |
| Bank of America, N.A. | USD | Sell | 6500000 | 856,776,050 JPY | 01/20/23 | 42160 |
| Morgan Stanley Capital Services LLC | EUR | Buy | 4630000 | 4,923,516 USD | 01/13/23 | 38546 |
| JPMorgan Chase Bank, N.A. | CAD | Buy | 14112000 | 10,389,228 USD | 01/18/23 | 37559 |
| JPMorgan Chase Bank, N.A. | EUR | Buy | 17510000 | 183,403,226 NOK | 01/13/23 | 35743 |
| Bank of America, N.A. | USD | Sell | 3300000 | 32,624,680 NOK | 01/13/23 | 31797 |
| JPMorgan Chase Bank, N.A. | USD | Sell | 10895250 | 113,874,277 SEK | 01/13/23 | 27441 |
| Bank of America, N.A. | AUD | Buy | 2670000 | 1,791,493 USD | 01/05/23 | 26523 |
| JPMorgan Chase Bank, N.A. | EUR | Buy | 2280000 | 25,228,276 SEK | 01/13/23 | 23653 |
| JPMorgan Chase Bank, N.A. | SEK | Sell | 50000000 | 4,813,246 USD | 01/18/23 | 15754 |
| Barclays Bank plc | CAD | Buy | 5250000 | 3,863,504 USD | 01/11/23 | 15347 |
| Deutsche Bank AG | CAD | Buy | 2201549 | 1,621,289 USD | 12/28/23 | 12926 |
| JPMorgan Chase Bank, N.A. | EUR | Buy | 1405000 | 1,493,721 USD | 01/17/23 | 12490 |
| JPMorgan Chase Bank, N.A. | EUR | Buy | 1440000 | 1,532,462 USD | 01/13/23 | 10814 |
| JPMorgan Chase Bank, N.A. | USD | Sell | 18440000 | 2,416,258,453 JPY | 01/20/23 | 10038 |
| UBS AG | GBP | Sell | 950000 | 1,155,115 USD | 01/09/23 | 6494 |
| Morgan Stanley Capital Services LLC | GBP | Buy | 1140000 | 1,372,833 USD | 01/09/23 | 5512 |
| Barclays Bank plc | GBP | Sell | 740000 | 899,324 USD | 01/09/23 | 4609 |
| Bank of America, N.A. | USD | Sell | 1190000 | 12,440,957 SEK | 01/13/23 | 3323 |
| Barclays Bank plc | EUR | Buy | 420000 | 447,430 USD | 01/13/23 | 2692 |
| Barclays Bank plc | GBP | Buy | 2020000 | 2,439,645 USD | 01/09/23 | 2685 |
| Barclays Bank plc | GBP | Buy | 750000 | 904,132 USD | 01/09/23 | 2673 |
| Citibank, N.A. | EUR | Buy | 310000 | 329,564 USD | 01/13/23 | 2669 |
| UBS AG | CHF | Buy | 4619553 | 4,995,894 USD | 01/06/23 | 2496 |
| Morgan Stanley Capital Services LLC | GBP | Sell | 460000 | 558,491 USD | 01/09/23 | 2317 |
| JPMorgan Chase Bank, N.A. | NZD | Buy | 4300000 | 2,729,171 USD | 01/13/23 | 2156 |
| UBS AG | USD | Sell | 200000 | 2,097,487 SEK | 01/13/23 | 1189 |
| Goldman Sachs International | AUD | Buy | 2000000 | 1,360,870 USD | 01/05/23 | 940 |
| JPMorgan Chase Bank, N.A. | EUR | Buy | 750000 | 803,591 USD | 01/13/23 | 198 |
| JPMorgan Chase Bank, N.A. | GBP | Buy | 130000 | 156,987 USD | 01/09/23 | 192 |
| Morgan Stanley Capital Services LLC | EUR | Sell | 540000 | 578,596 USD | 01/13/23 | (133) |
| JPMorgan Chase Bank, N.A. | USD | Buy | 960000 | 1,299,600 CAD | 01/05/23 | (148) |
| Morgan Stanley Capital Services LLC | GBP | Sell | 120000 | 144,914 USD | 01/09/23 | (175) |
| Barclays Bank plc | GBP | Buy | 400000 | 484,074 USD | 01/17/23 | (331) |
| Citibank, N.A. | EUR | Sell | 140000 | 149,673 USD | 01/13/23 | (368) |
| UBS AG | CAD | Sell | 515000 | 379,695 USD | 01/04/23 | (786) |
| JPMorgan Chase Bank, N.A. | AUD | Buy | 12450000 | 8,478,218 USD | 01/05/23 | (952) |
| Citibank, N.A. | CAD | Sell | 172000 | 126,122 USD | 01/18/23 | (962) |
| UBS AG | CAD | Sell | 670000 | 493,980 USD | 01/06/23 | (1020) |
| Barclays Bank plc | CAD | Sell | 250000 | 183,618 USD | 01/12/23 | (1091) |
| Goldman Sachs International | USD | Buy | 2960000 | 4,008,047 CAD | 01/05/23 | (1155) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 4000000 | 2,954,428 USD | 01/27/23 | (1169) |
| Citibank, N.A. | CAD | Sell | 1000000 | 737,500 USD | 01/31/23 | (1416) |
| Deutsche Bank AG | GBP | Buy | 2660000 | 3,217,739 USD | 01/09/23 | (1601) |
| Barclays Bank plc | CAD | Sell | 381000 | 279,832 USD | 01/11/23 | (1662) |
| Citibank, N.A. | EUR | Sell | 240000 | 255,511 USD | 01/13/23 | (1702) |
| Morgan Stanley Capital Services LLC | USD | Buy | 500000 | 4,913,590 NOK | 01/19/23 | (1938) |
| Deutsche Bank AG | USD | Buy | 4010000 | 5,430,466 CAD | 01/05/23 | (2041) |
| Citibank, N.A. | CAD | Sell | 357000 | 261,640 USD | 02/01/23 | (2154) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 500000 | 366,799 USD | 01/12/23 | (2618) |
| Barclays Bank plc | NOK | Sell | 3112449 | 315,194 USD | 01/13/23 | (2665) |
| UBS AG | CAD | Sell | 2750000 | 2,029,052 USD | 01/11/23 | (2728) |
| Citibank, N.A. | CAD | Sell | 475000 | 348,064 USD | 01/20/23 | (2899) |
| UBS AG | GBP | Buy | 2720000 | 3,292,039 USD | 01/09/23 | (3357) |
| JPMorgan Chase Bank, N.A. | USD | Buy | 450000 | 4,450,950 NOK | 01/20/23 | (4698) |
| Morgan Stanley Capital Services LLC | EUR | Sell | 620000 | 659,496 USD | 01/13/23 | (4970) |
| Citibank, N.A. | CAD | Sell | 830000 | 608,071 USD | 01/24/23 | (5205) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 985000 | 722,524 USD | 01/09/23 | (5213) |
| Citibank, N.A. | CAD | Sell | 939000 | 687,720 USD | 01/25/23 | (6099) |
| JPMorgan Chase Bank, N.A. | GBP | Sell | 1450000 | 1,746,828 USD | 01/09/23 | (6329) |
| UBS AG | EUR | Sell | 3030000 | 3,240,491 USD | 01/13/23 | (6819) |
| Bank of America, N.A. | GBP | Sell | 1350000 | 1,625,181 USD | 01/09/23 | (7070) |
| Bank of America, N.A. | USD | Buy | 5460000 | 7,400,921 CAD | 01/05/23 | (7818) |
| UBS AG | EUR | Sell | 2000000 | 1,765,914 GBP | 01/13/23 | (8069) |
| Deutsche Bank AG | CAD | Sell | 2050000 | 1,505,504 USD | 01/18/23 | (9158) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 1500000 | 1,098,056 USD | 01/04/23 | (10141) |
| JPMorgan Chase Bank, N.A. | USD | Buy | 5000000 | 4,630,465 CHF | 01/06/23 | (10196) |
| Bank of America, N.A. | NZD | Sell | 1500000 | 942,093 USD | 01/06/23 | (10567) |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 13450000 | 141,018,899 NOK | 01/13/23 | (13066) |
| Barclays Bank plc | EUR | Sell | 1678000 | 1,794,717 USD | 03/31/23 | (13326) |
| Barclays Bank plc | EUR | Sell | 1610000 | 1,712,101 USD | 01/13/23 | (13367) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 2500000 | 1,830,154 USD | 01/11/23 | (16918) |
| JPMorgan Chase Bank, N.A. | USD | Buy | 10874072 | 113,573,451 SEK | 01/13/23 | (19764) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 27075382 | 19,981,389 USD | 01/05/23 | (21967) |
| Morgan Stanley Capital Services LLC | AUD | Sell | 5170000 | 3,497,972 USD | 01/05/23 | (22305) |
| UBS AG | SEK | Buy | 45125782 | 4,356,864 USD | 01/13/23 | (28450) |
| Deutsche Bank AG | EUR | Sell | 3540000 | 3,765,143 USD | 01/13/23 | (28745) |
| JPMorgan Chase Bank, N.A. | NZD | Sell | 30310000 | 19,217,666 USD | 01/06/23 | (32410) |
| UBS AG | EUR | Sell | 5000000 | 5,316,125 USD | 01/12/23 | (42078) |
| Goldman Sachs International | NZD | Sell | 6670000 | 4,192,846 USD | 01/06/23 | (43315) |
| JPMorgan Chase Bank, N.A. | GBP | Buy | 7267568 | 8,837,312 USD | 01/09/23 | (50283) |
| UBS AG | EUR | Sell | 9430000 | 10,052,127 USD | 01/13/23 | (54190) |
| Bank of America, N.A. | CAD | Sell | 52760000 | 38,926,295 USD | 01/17/23 | (55706) |
| Deutsche Bank AG | USD | Buy | 1000000 | 138,690,000 JPY | 01/04/23 | (56613) |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 8480000 | 9,021,316 USD | 01/13/23 | (66866) |
| UBS AG | NZD | Buy | 2300000 | 200,284,000 JPY | 01/20/23 | (68186) |
| JPMorgan Chase Bank, N.A. | CAD | Buy | 2510000 | 252,631,500 JPY | 01/05/23 | (70558) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 12490000 | 9,152,541 USD | 01/18/23 | (75817) |
| UBS AG | NZD | Sell | 11000000 | 6,904,678 USD | 01/06/23 | (81493) |
| UBS AG | CAD | Sell | 13000000 | 9,523,817 USD | 02/02/23 | (82217) |
| JPMorgan Chase Bank, N.A. | NZD | Sell | 14410000 | 9,062,451 USD | 01/06/23 | (89433) |
| Goldman Sachs International | EUR | Sell | 10800000 | 11,477,680 USD | 01/13/23 | (96892) |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 10360000 | 114,647,737 SEK | 01/13/23 | (106136) |
| Citibank, N.A. | JPY | Sell | 1375000000 | 10,405,672 USD | 01/30/23 | (108371) |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 22678922 | 24,163,688 USD | 01/06/23 | (129202) |
| Goldman Sachs International | USD | Buy | 6700000 | 896,800,360 JPY | 01/20/23 | (147777) |
| JPMorgan Chase Bank, N.A. | USD | Buy | 7600000 | 1,016,121,520 JPY | 01/20/23 | (158889) |
| Goldman Sachs International | AUD | Sell | 18970000 | 12,748,536 USD | 01/05/23 | (168227) |
| Bank of America, N.A. | JPY | Sell | 1651055045 | 12,402,431 USD | 01/20/23 | (204675) |
| JPMorgan Chase Bank, N.A. | USD | Buy | 40370000 | 397,458,350 NOK | 01/13/23 | (220461) |
| Barclays Bank plc | NZD | Sell | 48183933 | 30,344,795 USD | 01/06/23 | (257132) |
| UBS AG | JPY | Sell | 832000000 | 6,026,016 USD | 01/06/23 | (314392) |
| Citibank, N.A. | JPY | Sell | 1100000000 | 8,023,537 USD | 01/11/23 | (365149) |
| JPMorgan Chase Bank, N.A. | AUD | Sell | 59060000 | 39,780,271 USD | 01/05/23 | (433965) |
| Barclays Bank plc | EUR | Sell | 209420000 | 223,104,550 USD | 01/17/23 | (1401233) |
|  |  |  |  |  |  | $93438 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

**OTC Interest Rate Swaptions Purchased**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty/Description** | **Floating Rate Type** | **Floating Rate Index** | **Payment Frequency** | **Fixed Rate** | **Expiration Date** | **Exercise Rate** | **Swaption Notional Amount** | **Swaption Value** |
| **Call** |  |  |  |  |  |  |  |  |
| Citibank, N.A.<br> 5-Year Interest Rate Swap | Receive | 6 Month EURIBOR | Semi-Annually | 3.10% | 10/29/27 | 3.10% | $114729375 | $4926050 |
| Deutsche Bank AG<br> 5-Year Interest Rate Swap | Pay | SOFR | Annual | 2.69% | 04/19/27 | 2.69% | 92814000 | 2761172 |
| Deutsche Bank AG<br> 5-Year Interest Rate Swap | Pay | SOFR | Annual | 2.39% | 04/08/32 | 2.39% | 72235000 | 2020308 |
| Citibank, N.A.<br> 20-Year Interest Rate Swap | Pay | SOFR | Annual | 2.38% | 04/12/29 | 2.38% | 24141000 | 1699377 |
| Barclays Bank plc<br> 20-Year Interest Rate Swap | Pay | SONIA | Annual | 1.58% | 04/12/27 | 1.58% | 22554375 | 991567 |
|  |  |  |  |  |  |  |  | $12398474 |
| **Put** |  |  |  |  |  |  |  |  |
| Barclays Bank plc<br> 20-Year Interest Rate Swap | Receive | SONIA | Annual | 1.58% | 04/12/27 | 1.58% | 22554375 | 6694955 |
| Deutsche Bank AG<br> 5-Year Interest Rate Swap | Receive | SOFR | Annual | 2.39% | 04/08/32 | 2.39% | 72235000 | 5555379 |
| Deutsche Bank AG<br> 5-Year Interest Rate Swap | Receive | SOFR | Annual | 2.69% | 04/19/27 | 2.69% | 92814000 | 5383123 |
| Citibank, N.A.<br> 5-Year Interest Rate Swap | Receive | 6 Month EURIBOR | Semi-Annually | 3.10% | 10/29/27 | 3.10% | 114729375 | 4946595 |
| Citibank, N.A.<br> 20-Year Interest Rate Swap | Receive | SOFR | Annual | 2.38% | 04/12/29 | 2.38% | 24141000 | 4340465 |
|  |  |  |  |  |  |  |  | $26920517 |

---

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

**OTC Interest Rate Swaptions Written**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty/Description** | **Floating<br> Rate Type**  | **Floating<br> Rate Index**  | **Payment Frequency** | **Fixed Rate** | **Expiration Date** | **Exercise Rate** | **Swaption<br> Notional<br> Amount**  | **Swaption<br> Value**  |
| **Call** |  |  |  |  |  |  |  |  |
| J.P. Morgan Securities plc<br> 5-Year Interest Rate Swap | Receive | SOFR | Annual | 2.70% | 04/17/25 | 2.70% | $22032000 | $(539837) |
| **Put** |  |  |  |  |  |  |  |  |
| J.P. Morgan Securities plc<br> 5-Year Interest Rate Swap | Pay | SOFR | Annual | 2.70% | 04/17/25 | 2.70% | 22032000 | (1096665) |

---

---

| | |
|:---|:---|
| *<sup>~</sup>* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *<sup>1</sup>* | *Special Purpose Acquisition Company (SPAC).* |
| *<sup>2</sup>* | *All or a portion of this security is pledged as futures collateral at December 31, 2022.* |
| *<sup>3</sup>* | *Affiliated issuer.* |
| *<sup>4</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $2,500,858,618 (cost $2,882,170,494), or 44.1% of total net assets.* |
| *<sup>5</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>6</sup>* | *Perpetual maturity.* |
| *<sup>7</sup>* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *<sup>8</sup>* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2022. See table below for additional step information for each security.* |
| *<sup>9</sup>* | *Security is in default of interest and/or principal obligations.* |
| *<sup>10</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $47,819,602 (cost $55,732,002), or 0.8% of total net assets — See Note 6.* |
| *<sup>11</sup>* | *All or a portion of this security has been physically segregated or earmarked in connection with reverse repurchase agreements At December 31, 2022, the total market value of segregated or earmarked securities was $161,278,210 — See Note 2.* |
| *<sup>12</sup>* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |
| *<sup>13</sup>* | *Security is an interest-only strip.* |
| *<sup>14</sup>* | *Payment-in-kind security.* |
| *<sup>15</sup>* | *Zero coupon rate security.* |
| *<sup>16</sup>* | *Security is a principal-only strip.* |
| *<sup>17</sup>* | *Rate indicated is the effective yield at the time of purchase.* |
| *<sup>18</sup>* | *Swaptions - See additional disclosure in the swaptions table above for more information on swaptions.* |

---

*AUD — Australian Dollar*

*CAD — Canadian Dollar*

*CDX.NA.IG.33.V1 — Credit Default Swap North American Investment Grade Series 33 Index Version 1*

*CHF — Swiss Franc*

*CME — Chicago Mercantile Exchange*

*CMS — Constant Maturity Swap*

*CMT — Constant Maturity Treasury*

*CZK — Czech Koruna*

*EUR — Euro*

*EURIBOR — European Interbank Offered Rate*

*GBP — British Pound*

*HUF — Hungarian Forint*

*ICE — Intercontinental Exchange*

*ITRAXX.EUR.38.V1 — iTraxx Europe Series 38 Index Version 1*

*JPY — Japanese Yen*

*LCH — London Clearing House*

*LIBOR — London Interbank Offered Rate*

*NOK — Norwegian Krone*

*plc — Public Limited Company*

*PPV — Public-Private Venture*

*REMIC — Real Estate Mortgage Investment Conduit*

*SARL — Société à Responsabilité Limitée*

*SEK — Swedish Krona*

*SOFR — Secured Overnight Financing Rate*

*SONIA — Sterling Overnight Index Average*

*WAC — Weighted Average Coupon*

*See Sector Classification in Other Information section.*

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $63482271 | $7907746 | $775292 | $72165309 |
| Preferred Stocks |  | 374785789 | — \* | 374785789 |
| Warrants | 142785 | 10516 | 76 | 153377 |
| Exchange-Traded Funds | 41000709 |  |  | 41000709 |
| Mutual Funds | 169096272 |  |  | 169096272 |
| Closed-End Funds | 30489315 |  |  | 30489315 |
| Money Market Funds | 15506417 |  |  | 15506417 |
| Corporate Bonds |  | 1773983776 | 110345806 | 1884329582 |
| Asset-Backed Securities |  | 984657167 | 182626167 | 1167283334 |
| Senior Floating Rate Interests |  | 904849464 | 258637278 | 1163486742 |
| Collateralized Mortgage Obligations |  | 429040019 | 46506928 | 475546947 |
| U.S. Government Securities |  | 94734091 |  | 94734091 |
| Foreign Government Debt |  | 61123625 |  | 61123625 |
| Convertible Bonds |  | 14424905 |  | 14424905 |
| U.S. Treasury Bills |  | 8531687 |  | 8531687 |
| Senior Fixed Rate Interests |  | 776629 |  | 776629 |
| Options Purchased |  | 5149898 |  | 5149898 |
| Interest Rate Swaptions Purchased |  | 39318991 |  | 39318991 |
| Commodity Futures Contracts\*\* | 11112530 |  |  | 11112530 |
| Interest Rate Swap Agreements\*\* |  | 31839898 |  | 31839898 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 5390435 |  | 5390435 |
| Total Assets | $330830299 | $4736524636 | $598891547 | $5666246482 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Options Written | $— | $4310829 | $— | $4310829 |
| Interest Rate Swaptions Written |  | 1636502 |  | 1636502 |
| Interest Rate Futures Contracts\*\* | 936233 |  |  | 936233 |
| Credit Default Swap Agreements\*\* |  | 691974 |  | 691974 |
| Interest Rate Swap Agreements\*\* |  | 31435422 |  | 31435422 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 5296997 |  | 5296997 |
| Unfunded Loan Commitments (Note 5) |  |  | 1735842 | 1735842 |
| Total Liabilities | $936233 | $43371724 | $1735842 | $46043799 |

---

*\** *Security has a market value of $0.*

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

The Fund may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $115,475,042 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending<br> Balance at<br> December 31,<br> 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted<br> Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $102385905 | Yield Analysis | Yield | 6.0%-8.6% | 7.3% |
| Asset-Backed Securities | 59484128 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Asset-Backed Securities | 20752945 | Third Party Pricing | Broker Quote |  |  |
| Asset-Backed Securities | 3189 | Model Price | Purchase Price |  |  |
| Collateralized Mortgage Obligations | 32491938 | Model Price | Market Comparable Yields | 7.7% |  |
| Collateralized Mortgage Obligations | 14014990 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Common Stocks | 768695 | Enterprise Value | Valuation Multiple | 2.7x-12.7x | 6.3x |
| Common Stocks | 6597 | Model Price | Liquidation Value |  |  |
| Corporate Bonds | 63981298 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | 22503780 | Third Party Pricing | Vendor Price |  |  |
| Corporate Bonds | 22220000 | Yield Analysis | Yield | 6.4% |  |
| Corporate Bonds | 1559880 | Model Price | Purchase Price |  |  |
| Corporate Bonds | 80848 | Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | 111104151 | Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | 121474450 | Yield Analysis | Yield | 10.1%-13.3% | 11.0% |
| Senior Floating Rate Interests | 16744458 | Model Price | Purchase Price |  |  |
| Senior Floating Rate Interests | 5485364 | Third Party Pricing | Vendor Price |  |  |
| Senior Floating Rate Interests | 3828855 | Model Price | Market Comparable Yields | 12.9% |  |
| Warrants | 76 | Model Price | Liquidation Value |  |  |
| Total Assets | $598891547 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $1735842 | Model Price | Purchase Price |  |  |

---

*\** *Inputs are weighted by the fair value of the instruments.*

Significant changes in a quote, yield, market comparable yields, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

---

| | |
|:---|:---|
| **Macro Opportunities Fund** |  |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had securities with a total value of $38,479,467 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $182,352,619 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | | **Liabilities** |
|  | **Asset-Backed Securities** | **Collateralized Mortgage Obligations** | **Corporate Bonds** | **Senior Floating Rate Interests** | **Warrants** | **Common Stocks** | **Senior Fixed Rate Interests** |<br>**Total Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $207143109 | $46238951 | $127361189 | $468693415 | $76 | $801687 | $2750527 | $852988954 | $(2356646) |
| Purchases/(Receipts) | 8814119 |  |  | 1447395 |  | 10695 |  | 10272209 | (561503) |
| (Sales, maturities and paydowns)/Fundings | (34169227) | (15766) | (17600013) | (70283870) |  | (34345) | (2801412) | (124904633) | 879706 |
| Amortization of premiums/discounts | 58781 | (5739) | 11673 | 674420 |  |  | 4225 | 743360 | 125137 |
| Total realized gains (losses) included in earnings | (3582426) | (26) | (4199988) | (2422648) |  | 29321 | (132088) | (10307855) | 53719 |
| Total change in unrealized appreciation (depreciation) included in earnings | 4361811 | 289508 | 5563528 | 3611135 |  | (32066) | 178748 | 13972664 | 123745 |
| Transfers into Level 3 |  |  | 1498853 | 36980614 |  |  |  | 38479467 |  |
| Transfers out of Level 3 | - | - | (2289436) | (180063183) | - | - | - | (182352619) | - |
|  Ending Balance | $182626167 | $46506928 | $110345806 | $258637278 | $76 | $775292 | $- | $598891547 | $(1735842) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2022 | $(1162851) | $289508 | $715028 | $1404477 | $- | $(4967) | $- | $1241195 | $19183 |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, except GAIA Aviation Ltd. which is scheduled to decrease.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Coupon Rate at Next**<br> **Reset Date** | **Next Rate**<br> **Reset Date** | **Future Reset Rate** | **Future Reset Date** |
| BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70 | 6.13% | 01/30/25 |  |  |
| Citigroup Mortgage Loan Trust 2022-A, 6.17% due 09/25/62 | 9.17% | 09/25/25 | 10.17% | 09/25/26 |
| GAIA Aviation Ltd. 2019-1, 3.97% due 12/15/44 | 2.00% | 11/15/26 |  |  |
| GCAT Trust 2022-NQM5, 5.71% due 08/25/67 | 6.71% | 10/01/26 |  |  |
| NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62 | 8.25% | 07/01/25 | 9.25% | 07/01/26 |
| OBX Trust 2022-NQM8, 6.10% due 09/25/62 | 7.10% | 10/01/26 |  |  |
| OBX Trust 2022-NQM9, 6.45% due 09/25/62 | 7.45% | 11/01/26 |  |  |
| Platinum for Belize Blue Investment Company LLC, 2.10% due 10/20/40 | 3.60% | 10/21/23 | 4.47% | 10/21/25 |
| Verus Securitization Trust 2022-8, 6.13% due 09/25/67 | 7.13% | 10/01/26 |  |  |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments ("GI"), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the "Short Term Investment Vehicles"), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2022, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126822000340/gug84768.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows: |  |
| **Security Name** | **Value<br> 09/30/22** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation (Depreciation)** | **Value<br> 12/31/22** | **Shares<br> 12/31/22** | **Investment<br> Income** | **Capital Gain<br> Distributions** |
| **Common Stocks** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;BP Holdco LLC<sup>\*</sup> | $22763 | $– | $– | $– | $– | $22763 | 37539 | $– | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;Targus Group International Equity, Inc.<sup>\*</sup> | 32125 |  | (34345) | 29321 | (27101) |  |  |  |  |
| **Mutual Funds** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Alpha Opportunity Fund — Institutional Class | 24848949 | 168795 |  |  | 1668542 | 26686286 | 1017008 | 168795 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Risk Managed Real Estate Fund — Institutional Class | 67397011 | 2879592 | (10000000) | 1896894 | (2296369) | 59877128 | 2029045 | 392621 | 2486971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund II | 18015885 | 214864 |  |  | 53134 | 18283883 | 760561 | 213793 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund III | 17512927 | 223790 |  |  | 29596 | 17766313 | 738417 | 222930 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Ultra Short Duration Fund — Institutional Class | 45783897 | 458644 | – | – | 240121 | 46482662 | 4821853 | 454422 | – |
|  | $173613557 | $3945685 | $(10034345) | $1926215 | $(332077) | $169119035 |  | $1452561 | $2486971 |

---

*<sup>\*</sup>* *Non-income producing security.*

---

| | |
|:---|:---|
| **Market Neutral Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 45.9%** | **COMMON STOCKS<sup>†</sup> - 45.9%** | **COMMON STOCKS<sup>†</sup> - 45.9%** |
| **REITs - 45.9%** | **REITs - 45.9%** | **REITs - 45.9%** |
| **REITs-Diversified - 7.2%** | **REITs-Diversified - 7.2%** | **REITs-Diversified - 7.2%** |
| Gaming and Leisure Properties, Inc. | 30823 | $1605570 |
| InvenTrust Properties Corp. | 39151 | 926704 |
| SBA Communications Corp. | 1807 | 506520 |
| American Tower Corp. — Class A | 2282 | 483465 |
| **Total REITs-Diversified** |  | 3522259 |
| **REITs-Shopping Centers - 6.6%** |  |  |
| NETSTREIT Corp. | 76315 | 1398854 |
| SITE Centers Corp. | 72111 | 985036 |
| Brixmor Property Group, Inc. | 37426 | 848447 |
| **Total REITs-Shopping Centers** |  | 3232337 |
| **REITs-Hotels - 5.6%** |  |  |
| Ryman Hospitality Properties, Inc. | 21304 | 1742241 |
| Xenia Hotels & Resorts, Inc. | 74965 | 988039 |
| **Total REITs-Hotels** |  | 2730280 |
| **REITs-Single Tenant - 5.6%** |  |  |
| Agree Realty Corp. | 20483 | 1452859 |
| Four Corners Property Trust, Inc. | 48249 | 1251097 |
| **Total REITs-Single Tenant** |  | 2703956 |
| **REITs-Apartments - 4.9%** |  |  |
| AvalonBay Communities, Inc. | 7540 | 1217861 |
| Equity Residential | 19941 | 1176519 |
| **Total REITs-Apartments** |  | 2394380 |
| **REITs-Office Property - 4.8%** |  |  |
| Alexandria Real Estate Equities, Inc. | 9230 | 1344534 |
| Piedmont Office Realty Trust, Inc. — Class A | 38903 | 356740 |
| Cousins Properties, Inc. | 14009 | 354288 |
| Boston Properties, Inc. | 4972 | 336008 |
| **Total REITs-Office Property** |  | 2391570 |
| **REITs-Health Care - 4.9%** |  |  |
| CareTrust REIT, Inc. | 68119 | 1265651 |
| Ventas, Inc. | 24568 | 1106788 |
| **Total REITs-Health Care** |  | 2372439 |
| **REITs-Warehouse/Industries - 3.9%** |  |  |
| Rexford Industrial Realty, Inc. | 35301 | 1928847 |
| **REITs-Manufactured Homes - 2.4%** |  |  |
| Sun Communities, Inc. | 8184 | 1170312 |
| **Total REITs** |  | 22446380 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $23,323,713) |  | 22446380 |
| **MONEY MARKET FUND<sup>†</sup> - 51.4%** |  |  |
| Goldman Sachs Financial Square Treasury Instruments Fund — Institutional Shares, 3.93%<sup>1</sup> | 25136112 | 25136112 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $25,136,112) |  | 25136112 |
| **Total Investments - 97.3%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $48,459,825) |  | $47582492 |
| **Other Assets & Liabilities, net - 2.7%** |  | 1343187 |
| **Total Net Assets - 100.0%** |  | $48925679 |

---

**Custom Basket Swap Agreements**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Reference Obligation** | **Type** | **Financing Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Value and**<br> **Unrealized**<br> **Appreciation** |
| **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** |  |  |  |  |
| Morgan Stanley Capital Services LLC | MS Equity Custom Basket | Receive | 4.03% (Federal Funds Rate - 0.30%) | At Maturity | 07/22/24 | $10695196 | $1847344 |
| Goldman Sachs International | GS Equity Custom Basket | Receive | 4.11% (Federal Funds Rate - 0.22%) | At Maturity | 05/06/24 | 10695205 | 1832129 |
|  |  |  |  |  |  | $21390401 | $3679473 |

---

---

| | |
|:---|:---|
| **Market Neutral Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| **GS EQUITY SHORT CUSTOM BASKET** | | | |
| | **Shares** | **Percentage<br> Notional<br> Amount**  | **Value and**<br> **Unrealized**<br> **Appreciation**<br> **(Depreciation)**  |
| **Financial** |  |  |  |
| Douglas Emmett, Inc. | 46301 | (6.79)% | $430468 |
| Office Properties Income Trust | 36782 | (4.59)% | 376821 |
| Broadstone Net Lease, Inc. | 39264 | (5.95)% | 273231 |
| Essex Property Trust, Inc. | 3244 | (6.43)% | 176953 |
| Necessity Retail REIT, Inc. | 62021 | (3.44)% | 148322 |
| Apartment Income REIT Corp. | 9405 | (3.02)% | 96401 |
| Camden Property Trust | 2985 | (3.12)% | 87530 |
| Host Hotels & Resorts, Inc. | 21419 | (3.21)% | 59746 |
| Realty Income Corp. | 17784 | (10.55)% | 39314 |
| Federal Realty Investment Trust | 5951 | (5.62)% | (1024) |
| Phillips Edison & Company, Inc. | 38136 | (11.35)% | (12575) |
| Apple Hospitality REIT, Inc. | 38313 | (5.65)% | (19780) |
| STAG Industrial, Inc. | 29787 | (9.00)% | (25125) |
| Welltower, Inc. | 7872 | (4.82)% | (35346) |
| Mid-America Apartment Communities, Inc. | 3844 | (5.65)% | (45570) |
| **Total Financial** |  |  | 1549366 |
| **Exchange-Traded Funds** |  |  |  |
| Vanguard Real Estate ETF | 14015 | (10.81)% | 282763 |
| **Total GS Equity Short Custom Basket** |  |  | $1832129 |

---

---

| | |
|:---|:---|
| **Market Neutral Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| **MS EQUITY SHORT CUSTOM BASKET** | **MS EQUITY SHORT CUSTOM BASKET** | **MS EQUITY SHORT CUSTOM BASKET** | |
|  | **Shares** | **Percentage<br> Notional Amount** | **Value and<br> Unrealized<br> Appreciation<br> (Depreciation)** |
| **Financial** | | | |
| Douglas Emmett, Inc. | 46301 | (6.79)% | $428762 |
| Office Properties Income Trust | 36782 | (4.59)% | 375814 |
| Broadstone Net Lease, Inc. | 39264 | (5.95)% | 280909 |
| Essex Property Trust, Inc. | 3244 | (6.43)% | 180280 |
| Necessity Retail REIT, Inc. | 62021 | (3.44)% | 147504 |
| Apartment Income REIT Corp. | 9405 | (3.02)% | 96784 |
| Camden Property Trust | 2985 | (3.12)% | 87590 |
| Host Hotels & Resorts, Inc. | 21419 | (3.21)% | 59426 |
| Realty Income Corp. | 17784 | (10.55)% | 40245 |
| Federal Realty Investment Trust | 5951 | (5.62)% | (534) |
| Phillips Edison & Company, Inc. | 38136 | (11.35)% | (6010) |
| Apple Hospitality REIT, Inc. | 38313 | (5.65)% | (19673) |
| STAG Industrial, Inc. | 29787 | (9.00)% | (24455) |
| Welltower, Inc. | 7872 | (4.82)% | (34353) |
| Mid-America Apartment Communities, Inc. | 3844 | (5.64)% | (45774) |
| **Total Financial** |  |  | 1566514 |
| **Exchange-Traded Funds** |  |  |  |
| Vanguard Real Estate ETF | 14015 | (10.81)% | 280830 |
| **Total MS Equity Short Custom Basket** |  |  | $1847344 |

---

---

| | |
|:---|:---|
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs — See Note 3.* |
| *<sup>1</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*GS — Goldman Sachs International* <br> *MS — Morgan Stanley Capital Services LLC* <br> *REIT — Real Estate Investment Trust*

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted <br>Prices** | **Level 2 <br>Significant <br>Observable <br>Inputs** | **Level 3 <br>Significant <br>Unobservable <br>Inputs** | **Total** |
| Common Stocks | $22446380 | $— | $— | $22446380 |
| Money Market Fund | 25136112 |  |  | 25136112 |
| Equity Custom Basket Swap Agreements\*\* |  | 3679473 |  | 3679473 |
| Total Assets | $47582492 | $3679473 | $— | $51261965 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

---

| | |
|:---|:---|
| **Municipal Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **CLOSED-END FUNDS**<sup>†</sup> **- 5.3%** | | |
| Nuveen California Quality Municipal Income Fund | 49986 | $553345 |
| Invesco Trust for Investment Grade Municipals | 40355 | 405568 |
| BlackRock MuniVest Fund, Inc. | 53502 | 375049 |
| Invesco Municipal Trust | 36338 | 359746 |
| Nuveen AMT-Free Quality Municipal Income Fund | 29451 | 334858 |
| DWS Municipal Income Trust | 36925 | 317924 |
| BlackRock Municipal Income Quality Trust | 11602 | 131683 |
| BlackRock Municipal Income Fund, Inc. | 11571 | 131099 |
| BlackRock MuniHoldings California Quality Fund, Inc. | 12045 | 129363 |
| BlackRock MuniYield Quality Fund, Inc. | 11046 | 128134 |
| **Total Closed-End Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,596,001) |  | 2866769 |
| **MONEY MARKET FUND<sup>†</sup> - 4.4%** |  |  |
| Dreyfus AMT-Free Tax Exempt Cash Management Fund — Institutional Shares, 3.37%<sup>1</sup> | 2426088 | 2426088 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,426,088) |  | 2426088 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount** | |
| **MUNICIPAL BONDS<sup>††</sup> - 86.8%** | | |
| **California - 24.0%** |  |  |
| El Camino Healthcare District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/29<sup>2</sup> | $2500000 | 1980994 |
| Stockton Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/33<sup>2</sup> | 2000000 | 1365955 |
| &nbsp;&nbsp;&nbsp; due 08/01/37<sup>2</sup> | 810000 | 449512 |
| &nbsp;&nbsp;&nbsp; due 08/01/42<sup>2</sup> | 250000 | 106423 |
| Freddie Mac Multifamily ML Certificates Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.49% due 07/25/35 | 2158383 | 1691622 |
| Los Angeles Department of Water & Power Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/50 | 1000000 | 1066787 |
| San Diego Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 07/01/39<sup>2</sup> | 1000000 | 500115 |
| &nbsp;&nbsp;&nbsp; due 07/01/46<sup>2</sup> | 1360000 | 483655 |
| College of the Sequoias Tulare Area Improvement District No. 3 General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/42<sup>3,6</sup> | 1000000 | 722968 |
| Newport Mesa Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/39<sup>2</sup> | 1300000 | 664929 |
| Sonoma Valley Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/01/44 | 600000 | 588432 |
| Sierra Joint Community College District School Facilities District No. 1 General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/31<sup>2</sup> | 705000 | 540515 |
| California Statewide Communities Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 08/15/52 | 500000 | 526020 |
| Compton Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 06/01/40<sup>2</sup> | 1000000 | 427211 |
| Delhi Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/01/44 | 250000 | 263262 |
| Alameda Corridor Transportation Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 10/01/51<sup>6</sup> | 500000 | 238880 |
| Upland Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/38<sup>2</sup> | 400000 | 204663 |
| El Monte Union High School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 06/01/43<sup>2</sup> | 500000 | 194592 |
| M-S-R Energy Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 11/01/29 | 175000 | 193689 |
| Westside Elementary School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/01/48 | 155000 | 164483 |
| Rio Hondo Community College District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/29<sup>2</sup> | 200000 | 161165 |
| Freddie Mac Multifamily VRD Certificates Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.40% due 10/15/29 | 150000 | 141960 |
| Coast Community College District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/40<sup>2</sup> | 250000 | 115633 |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 12/01/39 | 110000 | 107399 |
| City of Los Angeles Department of Airports Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 05/15/44 | 100000 | 106319 |
| Buena Park School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/01/47 | 100000 | 105750 |

---

---

| | |
|:---|:---|
| **Municipal Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount** | **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 86.8% (continued)** | | |
| **California - 24.0% (continued)** |  |  |
| Roseville Joint Union High School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/30<sup>2</sup> | $100000 | $78175 |
| **Total California** |  | 13191108 |
| **Texas - 16.1%** |  |  |
| Denton County Housing Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.15% due 11/01/38 | 2000000 | 1596311 |
| Ysleta Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/15/52 | 1400000 | 1309448 |
| Central Texas Regional Mobility Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/01/45 | 1250000 | 1290058 |
| Bexar County Hospital District General Obligation Limited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/47 | 1000000 | 1049370 |
| Cleveland Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 02/15/52 | 1000000 | 937139 |
| North Texas Tollway Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 01/01/36<sup>2</sup> | 1000000 | 579921 |
| Southwest Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 02/01/42<sup>2</sup> | 500000 | 222468 |
| Lindale Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/49 | 200000 | 214565 |
| United Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/49 | 200000 | 214565 |
| Harris County-Houston Sports Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 11/15/53<sup>2</sup> | 1000000 | 207911 |
| Clifton Higher Education Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/15/33 | 200000 | 206755 |
| Arlington Higher Education Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/46 | 200000 | 200485 |
| Grand Parkway Transportation Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/01/43 | 175000 | 182787 |
| Texas Municipal Gas Acquisition and Supply Corporation I Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 12/15/26 | 115000 | 121058 |
| Hutto Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/01/49 | 100000 | 107238 |
| Mansfield Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/44 | 100000 | 106687 |
| University of North Texas System Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/15/44 | 100000 | 105504 |
| City of Arlington Texas Special Tax Revenue Special Tax |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/48 | 100000 | 103912 |
| San Antonio Education Facilities Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/23 | 10000 | 9983 |
| Tarrant County Health Facilities Development Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 09/01/24 | 5000 | 5125 |
| Leander Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/15/24<sup>2</sup> | 5000 | 2809 |
| **Total Texas** |  | 8774099 |
| **New York - 8.9%** |  |  |
| New York City Municipal Water Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/15/49 | 1000000 | 1057830 |
| &nbsp;&nbsp;&nbsp;3.85% (VRDN) due 06/15/41<sup>4</sup> | 480000 | 480000 |
| &nbsp;&nbsp;&nbsp;3.78% (VRDN) due 06/15/51<sup>4</sup> | 200000 | 200000 |
| New York City Housing Development Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.85% (VRDN) due 05/01/61<sup>4</sup> | 750000 | 750000 |
| &nbsp;&nbsp;&nbsp;3.85% (VRDN) due 11/01/60<sup>4</sup> | 250000 | 250000 |
| State of New York Mortgage Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.85% (VRDN) due 04/01/47<sup>4</sup> | 750000 | 750000 |
| New York City Industrial Development Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/01/32 | 500000 | 522093 |
| New York State Urban Development Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.82% (VRDN) due 03/15/33<sup>4</sup> | 300000 | 300000 |
| New York State Dormitory Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/01/43 | 250000 | 250015 |
| New York Transportation Development Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/34 | 200000 | 201773 |

---

---

| | |
|:---|:---|
| **Municipal Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount** | **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 86.8% (continued)** | | |
| **New York - 8.9% (continued)** |  |  |
| New York Power Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 11/15/45 | $100000 | $94000 |
| **Total New York** |  | 4855711 |
| **North Carolina - 3.2%** |  |  |
| University of North Carolina at Chapel Hill Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.73% (VRDN) due 02/01/24<sup>4</sup> | 700000 | 700000 |
| Inlivian Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.02% due 04/01/42 | 1000000 | 693333 |
| North Carolina Central University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/01/44 | 300000 | 319865 |
| **Total North Carolina** |  | 1713198 |
| **Ohio - 3.1%** |  |  |
| Dayton-Montgomery County Port Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;1.83% due 09/01/38 | 1600000 | 1258351 |
| County of Miami Ohio Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/01/33 | 200000 | 214042 |
| American Municipal Power, Inc. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/15/41 | 200000 | 205021 |
| **Total Ohio** |  | 1677414 |
| **Tennessee - 2.9%** |  |  |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.25% due 07/01/45 | 1500000 | 1017889 |
| City of Shelbyville & Bedford County Health Educational & Housing Facility Board Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.21% due 06/01/38 | 500000 | 394656 |
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.48% due 12/01/37 | 200000 | 165350 |
| **Total Tennessee** |  | 1577895 |
| **Oregon - 2.6%** |  |  |
| Clackamas & Washington Counties School District No. 3 General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 06/15/48<sup>2</sup> | 2000000 | 577387 |
| &nbsp;&nbsp;&nbsp; due 06/15/50<sup>2</sup> | 400000 | 103935 |
| &nbsp;&nbsp;&nbsp; due 06/15/49<sup>2</sup> | 350000 | 95871 |
| Salem-Keizer School District No. 24J General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 06/15/40<sup>2</sup> | 1250000 | 558092 |
| University of Oregon Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/01/48 | 100000 | 105055 |
| **Total Oregon** |  | 1440340 |
| **Arizona - 2.7%** |  |  |
| Arizona Industrial Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.12% due 07/01/37 | 1157785 | 854781 |
| Maricopa County Industrial Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/01/41 | 250000 | 258107 |
| Salt Verde Financial Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/32 | 200000 | 208990 |
| Pinal County Elementary School District No. 4 Casa Grande General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/37 | 100000 | 108625 |
| **Total Arizona** |  | 1430503 |
| **Colorado - 2.4%** |  |  |
| E-470 Public Highway Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/36 | 650000 | 715529 |
| City & County of Denver Colorado Airport System Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/28 | 200000 | 214715 |
| City & County of Denver Colorado Dedicated Excise Tax Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 08/01/30<sup>2</sup> | 200000 | 150417 |
| Colorado Educational & Cultural Facilities Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 03/01/47 | 110000 | 114924 |
| Colorado School of Mines Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/47 | 100000 | 105168 |
| **Total Colorado** |  | 1300753 |
| **Virginia - 2.3%** |  |  |
| Freddie Mac Multifamily Variable Rate Certificate Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 10/15/36 | 1290000 | 1103562 |
| Loudoun County Economic Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 07/01/49<sup>2</sup> | 500000 | 159627 |
| **Total Virginia** |  | 1263189 |
| **Massachusetts - 2.1%** |  |  |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.50% (VRDN) due 01/01/37<sup>4</sup> | 1000000 | 1000000 |

---

---

| | |
|:---|:---|
| **Municipal Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount** | **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 86.8% (continued)** | | |
| **Massachusetts - 2.1% (continued)** |  |  |
| Massachusetts Development Finance Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/01/34 | $150000 | $161981 |
| **Total Massachusetts** |  | 1161981 |
| **District of Columbia - 1.8%** |  |  |
| District of Columbia Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/01/39 | 1000000 | 1014212 |
| **West Virginia - 1.8%** |  |  |
| West Virginia University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/01/41 | 600000 | 657224 |
| West Virginia Hospital Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/42 | 300000 | 304716 |
| **Total West Virginia** |  | 961940 |
| **Illinois - 1.7%** |  |  |
| City of Chicago Illinois Wastewater Transmission Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 01/01/42 | 400000 | 410688 |
| Illinois Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/01/38 | 250000 | 288209 |
| University of Illinois Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 10/01/29 | 200000 | 204459 |
| County of State Clair Illinois Highway Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/01/23 | 40000 | 40000 |
| **Total Illinois** |  | 943356 |
| **Pennsylvania - 1.7%** |  |  |
| Pennsylvania Turnpike Commission Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.80% (VRDN) due 12/01/39<sup>4</sup> | 800000 | 800000 |
| Allegheny County Hospital Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/32 | 100000 | 109301 |
| Owen J Roberts School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 05/15/23 | 25000 | 25184 |
| **Total Pennsylvania** |  | 934485 |
| **Washington - 1.5%** |  |  |
| Yakima & Kittitas Counties School District No. 119 Selah General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/42 | 200000 | 216186 |
| County of King Washington Sewer Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/42 | 200000 | 212289 |
| Central Puget Sound Regional Transit Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 11/01/41 | 200000 | 210900 |
| Washington State Convention Center Public Facilities District Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 07/01/48 | 210000 | 179594 |
| **Total Washington** |  | 818969 |
| **New Jersey - 1.1%** |  |  |
| New Jersey Turnpike Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/01/31 | 300000 | 330702 |
| New Jersey Economic Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/28 | 250000 | 267149 |
| **Total New Jersey** |  | 597851 |
| **Oklahoma - 1.0%** |  |  |
| Oklahoma Development Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28 | 350000 | 346867 |
| Oklahoma City Airport Trust Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/30 | 200000 | 211119 |
| **Total Oklahoma** |  | 557986 |
| **Michigan - 0.9%** |  |  |
| Michigan State Hospital Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 11/15/47 | 200000 | 202409 |
| Michigan State Housing Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 12/01/34 | 200000 | 188354 |
| Flint Hospital Building Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/25 | 100000 | 102739 |
| **Total Michigan** |  | 493502 |
| **Missouri - 0.7%** |  |  |
| Industrial Development Authority of the City of State Louis Missouri Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.22% due 12/01/38 | 494329 | 406869 |
| **Arkansas - 0.6%** |  |  |
| County of Baxter Arkansas Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/26 | 330000 | 344720 |
| **Louisiana - 0.5%** |  |  |
| City of Shreveport Louisiana Water & Sewer Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/35 | 250000 | 271003 |
| Louisiana Public Facilities Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 05/15/26 | 5000 | 5294 |
| **Total Louisiana** |  | 276297 |
| **Alaska - 0.5%** |  |  |
| University of Alaska Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/01/40 | 260000 | 265620 |

---

---

| | |
|:---|:---|
| **Municipal Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face**<br> **Amount** | **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 86.8% (continued)** | | |
| **Nebraska - 0.4%** |  |  |
| Central Plains Energy Project Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/29 | $200000 | $212045 |
| **South Carolina - 0.4%** |  |  |
| Charleston County Airport District Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/43 | 200000 | 207879 |
| **Vermont - 0.4%** |  |  |
| Vermont Educational & Health Buildings Financing Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/46 | 200000 | 202679 |
| **Connecticut - 0.4%** |  |  |
| New Haven Housing Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.26% due 05/01/38 | 245971 | 200027 |
| **Rhode Island - 0.2%** |  |  |
| Rhode Island Health and Educational Building Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 05/15/42 | 100000 | 108779 |
| **Florida - 0.2%** |  |  |
| Greater Orlando Aviation Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/01/32 | 100000 | 107395 |
| **Montana - 0.2%** |  |  |
| Montana State Board of Regents Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 11/15/43 | 100000 | 106799 |
| **Kansas - 0.2%** |  |  |
| University of Kansas Hospital Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/48 | 100000 | 104670 |
| **Iowa - 0.2%** |  |  |
| PEFA, Inc. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% (VRDN) due 09/01/26<sup>4</sup> | 100000 | 102386 |
| **New Hampshire - 0.1%** |  |  |
| New Hampshire Health and Education Facilities Authority Act Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 01/01/23 | 60000 | 60000 |
| **New Mexico - 0.0%** |  |  |
| City of Albuquerque New Mexico Gross Receipts Tax Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/25 | 20000 | 20458 |
| **Maryland - 0.0%** |  |  |
| Maryland Health & Higher Educational Facilities Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/27 | 5000 | 5221 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $54,589,888) |  | 47440336 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 2.7%** |  |  |
| **Government Agency - 2.7%** |  |  |
| Freddie Mac Multifamily |  |  |
| &nbsp;&nbsp;&nbsp;1.90% due 11/25/37 | 1955827 | 1480851 |
| **Total Collateralized Mortgage Obligations** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,006,850) |  | 1480851 |
| **U.S. TREASURY BILLS<sup>††,5</sup> - 0.3%** |  |  |
| U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;2.91% due 01/19/23 | 120000 | 119807 |
| &nbsp;&nbsp;&nbsp;2.83% due 01/19/23 | 50000 | 49920 |
| **Total U.S. Treasury Bills** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $169,754) |  | 169727 |
| **Total Investments - 99.5%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $62,788,581) |  | $54383771 |
| **Other Assets & Liabilities, net - 0.5%** |  | 272984 |
| **Total Net Assets - 100.0%** |  | $54656755 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** |
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed<br> Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid** | **Unrealized Appreciation<sup>\*\*</sup>** |
| BofA Securities, Inc. CME | Receive | 3-Month USD LIBOR | 1.67% | Quarterly | 09/27/51 | $2850000 | $945733 | $335 | $945398 |
| BofA Securities, Inc. CME | Receive | 3-Month USD LIBOR | 1.28% | Quarterly | 11/04/50 | 800000 | 318634 | 199 | 318435 |
| BofA Securities, Inc. CME | Receive | U.S. Secured Overnight Financing Rate | 1.48% | Annually | 01/27/29 | 1350000 | 159742 | 267 | 159475 |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 4.11% | Annually | 10/26/27 | 2400000 | 35705 | 146 | 35559 |
|  |  |  |  |  |  |  | $1459814 | $947 | $1458867 |

---

---

| | |
|:---|:---|
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs — See Note 3.* |
| *<sup>1</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>2</sup>* | *Zero coupon rate security.* |

---

---

| | |
|:---|:---|
| **Municipal Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

*<sup>3</sup>* *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2022. See table below for additional step information for each security.*

*<sup>4</sup>* *The rate is adjusted periodically by the counterparty, allows the holder to tender the security upon a rate reset, and is not based upon a set reference rate and spread.*

*<sup>5</sup>* *Rate indicated is the rate effective at December 31, 2022.*

*<sup>6</sup>* *Security has no current coupon. However, a coupon rate will come into effect at a future rate reset date.*

---

| |
|:---|
| *BofA — Bank of America* |
| *CME — Chicago Mercantile Exchange* |
| *LIBOR --- London Interbank Offered Rate* |
| *VRDN — Variable Rate Demand Note* |
| *See Sector Classification in Other Information section.* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Closed-End Funds | $2866769 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $2866769 |
| Money Market Fund | 2426088 |  |  | 2426088 |
| Municipal Bonds |  | 47440336 |  | 47440336 |
| Collateralized Mortgage Obligations |  | 1480851 |  | 1480851 |
| U.S. Treasury Bills |  | 169727 |  | 169727 |
| Interest Rate Swap Agreements\*\* |  | 1458867 |  | 1458867 |
| Total Assets | $5292857 | $50549781 | $— | $55842638 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

---

| | | |
|:---|:---|:---|
| **Name** | **Coupon Rate at Next Reset Date** | **Next Rate Reset Date** |
| College of the Sequoias Tulare Area Improvement District No. 3 General Obligation Unlimited, due 08/01/42 | 6.85% | 08/01/32 |

---

---

| | |
|:---|:---|
| **Risk Managed Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 92.1%** | **COMMON STOCKS<sup>†</sup> - 92.1%** | **COMMON STOCKS<sup>†</sup> - 92.1%** |
| **REITs - 92.1%** | **REITs - 92.1%** | **REITs - 92.1%** |
| **REITs-Diversified - 16.8%** | **REITs-Diversified - 16.8%** | **REITs-Diversified - 16.8%** |
| Equinix, Inc. | 36836 | $24128685 |
| VICI Properties, Inc.<sup>1</sup> | 410411 | 13297316 |
| Gaming and Leisure Properties, Inc. | 204238 | 10638757 |
| Digital Realty Trust, Inc. | 96417 | 9667733 |
| WP Carey, Inc. | 79885 | 6243013 |
| American Tower Corp. — Class A | 12242 | 2593590 |
| SBA Communications Corp. | 9086 | 2546897 |
| InvenTrust Properties Corp. | 103115 | 2440732 |
| EPR Properties | 28181 | 1062987 |
| **Total REITs-Diversified** |  | 72619710 |
| **REITs-Warehouse/Industries - 14.1%** |  |  |
| Prologis, Inc.<sup>1</sup> | 390218 | 43989276 |
| Rexford Industrial Realty, Inc. | 172492 | 9424963 |
| Americold Realty Trust, Inc.<sup>1</sup> | 105460 | 2985573 |
| First Industrial Realty Trust, Inc. | 50927 | 2457737 |
| Terreno Realty Corp. | 29679 | 1687845 |
| **Total REITs-Warehouse/Industries** |  | 60545394 |
| **REITs-Apartments - 12.6%** |  |  |
| AvalonBay Communities, Inc. | 92368 | 14919279 |
| Equity Residential<sup>1</sup> | 246037 | 14516183 |
| Invitation Homes, Inc. | 247478 | 7335248 |
| Essex Property Trust, Inc.<sup>1</sup> | 20914 | 4432095 |
| Mid-America Apartment Communities, Inc. | 24908 | 3910307 |
| UDR, Inc. | 100633 | 3897516 |
| American Homes 4 Rent — Class A | 114058 | 3437708 |
| Camden Property Trust | 17253 | 1930266 |
| **Total REITs-Apartments** |  | 54378602 |
| **REITs-Health Care - 9.6%** |  |  |
| Ventas, Inc. | 264345 | 11908742 |
| Welltower, Inc. | 154500 | 10127475 |
| Healthpeak Properties, Inc. | 235662 | 5908046 |
| CareTrust REIT, Inc. | 224078 | 4163369 |
| Sabra Health Care REIT, Inc. | 284113 | 3531525 |
| Healthcare Realty Trust, Inc. | 158336 | 3051135 |
| Medical Properties Trust, Inc. | 244538 | 2724153 |
| **Total REITs-Health Care** |  | 41414445 |
| **REITs-Storage - 9.1%** |  |  |
| Public Storage | 66917 | 18749474 |
| Extra Space Storage, Inc. | 52591 | 7740343 |
| Iron Mountain, Inc. | 116388 | 5801942 |
| Life Storage, Inc. | 34952 | 3442772 |
| National Storage Affiliates Trust | 90061 | 3253003 |
| **Total REITs-Storage** |  | 38987534 |
| **REITs-Shopping Centers - 6.9%** |  |  |
| Brixmor Property Group, Inc.<sup>1</sup> | 241269 | 5469568 |
| Kimco Realty Corp. | 246424 | 5219260 |
| NETSTREIT Corp. | 259990 | 4765617 |
| Regency Centers Corp. | 69566 | 4347875 |
| SITE Centers Corp. | 312737 | 4271987 |
| Kite Realty Group Trust | 181850 | 3827942 |
| Federal Realty Investment Trust | 12204 | 1233092 |
| Acadia Realty Trust | 37779 | 542129 |
| **Total REITs-Shopping Centers** |  | 29677470 |
| **REITs-Office Property - 6.7%** |  |  |
| Alexandria Real Estate Equities, Inc. | 99521 | 14497224 |
| Boston Properties, Inc. | 83769 | 5661109 |
| Cousins Properties, Inc. | 119519 | 3022636 |
| Kilroy Realty Corp. | 48486 | 1874954 |
| Piedmont Office Realty Trust, Inc. — Class A | 188014 | 1724088 |
| Highwoods Properties, Inc.<sup>1</sup> | 42328 | 1184337 |
| Hudson Pacific Properties, Inc. | 61190 | 595379 |
| Empire State Realty Trust, Inc. — Class A<sup>1</sup> | 57917 | 390361 |
| **Total REITs-Office Property** |  | 28950088 |
| **REITs-Single Tenant - 5.8%** |  |  |
| Realty Income Corp. | 163543 | 10373532 |
| Agree Realty Corp.<sup>1</sup> | 100086 | 7099100 |
| Four Corners Property Trust, Inc. | 204514 | 5303048 |
| National Retail Properties, Inc. | 55087 | 2520781 |
| **Total REITs-Single Tenant** |  | 25296461 |
| **REITs-Manufactured Homes - 3.9%** |  |  |
| Sun Communities, Inc. | 83249 | 11904607 |
| Equity LifeStyle Properties, Inc. | 71231 | 4601523 |
| **Total REITs-Manufactured Homes** |  | 16506130 |
| **REITs-Regional Malls - 3.7%** |  |  |
| Simon Property Group, Inc.<sup>1</sup> | 134418 | 15791427 |
| **REITs-Hotels - 2.9%** |  |  |
| Ryman Hospitality Properties, Inc. | 71092 | 5813904 |
| Xenia Hotels & Resorts, Inc. | 267223 | 3521999 |
| DiamondRock Hospitality Co.<sup>1</sup> | 174664 | 1430498 |
| Park Hotels & Resorts, Inc. | 92423 | 1089667 |
| Pebblebrook Hotel Trust | 52369 | 701221 |
| **Total REITs-Hotels** |  | 12557289 |
| **Total REITs** |  | 396724550 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $422,598,163) |  | 396724550 |
| **MONEY MARKET FUND<sup>†</sup> - 7.1%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>2</sup> | 30418304 | 30418304 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $30,418,304) |  | 30418304 |
| **Total Investments - 99.2%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $453,016,467) |  | 427142854 |
| **COMMON STOCKS SOLD SHORT<sup>†</sup> - (4.6)%** |  |  |
| **REITs - (4.6)%** |  |  |
| **REITs-Health Care - (0.2)%** |  |  |
| Welltower, Inc. | 16332 | (1070563) |
| **REITs-Hotels - (0.5)%** |  |  |
| Host Hotels & Resorts, Inc. | 43586 | (699555) |
| Apple Hospitality REIT, Inc. | 79516 | (1254762) |
| **Total REITs-Hotels** |  | (1954317) |
| **REITs-Warehouse/Industries - (0.5)%** |  |  |
| STAG Industrial, Inc. | 61823 | (1997501) |

---

---

| | |
|:---|:---|
| **Risk Managed Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS SOLD SHORT<sup>†</sup> - (4.6)% (continued)** | | |
| **REITs - (4.6)% (continued)** |  |  |
| **REITs-Diversified - (0.5)%** |  |  |
| Necessity Retail REIT, Inc. | 128716 | $(763286) |
| Broadstone Net Lease, Inc. | 81489 | (1320937) |
| **Total REITs-Diversified** |  | (2084223) |
| **REITs-Single Tenant - (0.5)%** |  |  |
| Realty Income Corp. | 36910 | (2341201) |
| **REITs-Office Property - (0.5)%** |  |  |
| Office Properties Income Trust | 76339 | (1019126) |
| Douglas Emmett, Inc. | 94147 | (1476225) |
| **Total REITs-Office Property** |  | (2495351) |
| **REITs-Shopping Centers - (0.9)%** |  |  |
| Federal Realty Investment Trust | 12019 | (1214400) |
| Phillips Edison & Company, Inc. | 79151 | (2520168) |
| **Total REITs-Shopping Centers** |  | (3734568) |
| **REITs-Apartments - (1.0)%** |  |  |
| Apartment Income REIT Corp. | 19520 | (669731) |
| Camden Property Trust | 6196 | (693208) |
| Mid-America Apartment Communities, Inc. | 7978 | (1252466) |
| Essex Property Trust, Inc.<sup>1</sup> | 6733 | (1426857) |
| **Total REITs-Apartments** |  | (4042262) |
| **Total REITs** |  | (19719986) |
| **Total Common Stocks Sold Short** |  |  |
| &nbsp;&nbsp;&nbsp;(Proceeds $24,432,334) |  | (19719986) |
| **EXCHANGE-TRADED FUNDS SOLD SHORT<sup>†</sup> - (0.6)%** |  |  |
| Vanguard Real Estate ETF | 29088 | (2399178) |
| **Total Exchange-Traded Funds Sold Short** |  |  |
| &nbsp;&nbsp;&nbsp;(Proceeds $2,750,621) |  | (2399178) |
| **Total Securities Sold Short - (5.2)%** |  |  |
| &nbsp;&nbsp;&nbsp;(Proceeds $27,182,955) |  | $(22119164) |
| **Other Assets & Liabilities, net - 6.0%** |  | 25695665 |
| **Total Net Assets - 100.0%** |  | $430719355 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Custom Basket Swap Agreements** | **Custom Basket Swap Agreements** | **Custom Basket Swap Agreements** | **Custom Basket Swap Agreements** | | | | |
| **Counterparty** | **Reference Obligation** | **Type** | **Financing Rate** | <br>**Payment<br> Frequency** | <br>**Maturity Date** |<br>**Notional Amount** |<br>**Value and Unrealized Appreciation (Depreciation)** |
| **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** | **OTC Custom Basket Swap Agreements<sup>††</sup>** |
| Morgan Stanley Capital Services LLC | MS Equity Custom Basket | Pay | 4.73% (Federal Funds Rate + 0.40%) | At Maturity | 06/12/24 | $23734373 | $(762122) |
| Goldman Sachs International | GS Equity Custom Basket | Pay | 4.78% (Federal Funds Rate + 0.45%) | At Maturity | 05/06/24 | 23734382 | (780611) |
|  |  |  |  |  |  | $47468755 | $(1542733) |
| **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** | **OTC Custom Basket Swap Agreements Sold Short<sup>††</sup>** |
| Morgan Stanley Capital Services LLC | MS Equity Custom Basket | Receive | 4.03% (Federal Funds Rate - 0.30%) | At Maturity | 06/12/24 | $22668638 | $6206126 |
| Goldman Sachs International | GS Equity Custom Basket | Receive | 4.11% (Federal Funds Rate - 0.22%) | At Maturity | 05/06/24 | 22668649 | 6143369 |
|  |  |  |  |  |  | $45337287 | $12349495 |

---

---

| | |
|:---|:---|
| **Risk Managed Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| **GS EQUITY LONG CUSTOM BASKET** | | | |
| | **Shares** | **Percentage**<br> **Notional**<br> **Amount** | **Value and**<br> **Unrealized**<br> **Appreciation (Depreciation)** |
| **Financial** |  |  |  |
| Gaming and Leisure Properties, Inc. | 32419 | 7.10% | $442989 |
| Ryman Hospitality Properties, Inc. | 22404 | 7.72% | 100132 |
| Brixmor Property Group, Inc. | 39359 | 3.76% | 85860 |
| Sun Communities, Inc. | 8606 | 5.19% | 66686 |
| Agree Realty Corp. | 21540 | 6.44% | 49684 |
| CareTrust REIT, Inc. | 71638 | 5.61% | 46877 |
| Ventas, Inc. | 25830 | 4.90% | 38821 |
| InvenTrust Properties Corp. | 41174 | 4.11% | 9952 |
| SITE Centers Corp. | 75835 | 4.36% | (20923) |
| AvalonBay Communities, Inc. | 7760 | 5.28% | (68430) |
| SBA Communications Corp. | 1900 | 2.24% | (76549) |
| Four Corners Property Trust, Inc. | 50742 | 5.54% | (77859) |
| American Tower Corp. — Class A | 2399 | 2.14% | (95463) |
| Alexandria Real Estate Equities, Inc. | 9499 | 5.83% | (98030) |
| Cousins Properties, Inc. | 14417 | 1.54% | (109303) |
| Boston Properties, Inc. | 5116 | 1.46% | (117043) |
| Equity Residential | 24882 | 6.19% | (129795) |
| Rexford Industrial Realty, Inc. | 37124 | 8.55% | (131081) |
| Piedmont Office Realty Trust, Inc. — Class A | 40036 | 1.55% | (150407) |
| NETSTREIT Corp. | 80259 | 6.20% | (197834) |
| Xenia Hotels & Resorts, Inc. | 77301 | 4.29% | (348895) |
| **Total Financial** |  |  | (780611) |
| **Total GS Equity Long Custom Basket** |  |  | $(780611) |
| **GS EQUITY SHORT CUSTOM BASKET** |  |  |  |
| **Financial** |  |  |  |
| Douglas Emmett, Inc. | 95414 | (6.58)% | 1174956 |
| Office Properties Income Trust | 77367 | (4.56)% | 1037950 |
| Broadstone Net Lease, Inc. | 82586 | (5.91)% | 728711 |
| Essex Property Trust, Inc. | 6824 | (6.38)% | 439988 |
| Necessity Retail REIT, Inc. | 130448 | (3.41)% | 395138 |
| Apartment Income REIT Corp. | 19783 | (2.99)% | 333307 |
| Camden Property Trust | 6280 | (3.10)% | 246436 |
| Realty Income Corp. | 37407 | (10.47)% | 218479 |
| STAG Industrial, Inc. | 62655 | (8.93)% | 215341 |
| Mid-America Apartment Communities, Inc. | 8086 | (5.60)% | 166854 |
| Host Hotels & Resorts, Inc. | 44173 | (3.13)% | 148574 |
| Elme Communities | 14125 | (1.11)% | 114895 |
| Phillips Edison & Company, Inc. | 80216 | (11.27)% | 79260 |
| Apple Hospitality REIT, Inc. | 80586 | (5.61)% | 45697 |
| Federal Realty Investment Trust | 12181 | (5.43)% | (2039) |
| Welltower, Inc. | 16552 | (4.79)% | (74524) |
| **Total Financial** |  |  | 5269023 |
| **Exchange Traded Funds** |  |  |  |
| Vanguard Real Estate ETF | 29480 | (10.73)% | 874346 |
| **Total GS Equity Short Custom Basket** |  |  | $6143369 |

---

---

| | |
|:---|:---|
| **Risk Managed Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| **MS EQUITY LONG CUSTOM BASKET** | | | |
| | **Shares** | **Percentage Notional <br> Amount** | **Value and Unrealized**<br> **Appreciation (Depreciation)** |
| **Financial** |  |  |  |
| Gaming and Leisure Properties, Inc. | 32419 | 7.10% | $442419 |
| Ryman Hospitality Properties, Inc. | 22404 | 7.72% | 99450 |
| Brixmor Property Group, Inc. | 39359 | 3.76% | 85605 |
| Sun Communities, Inc. | 8606 | 5.19% | 65546 |
| Agree Realty Corp. | 21540 | 6.44% | 57320 |
| CareTrust REIT, Inc. | 71638 | 5.61% | 47367 |
| Ventas, Inc. | 25830 | 4.90% | 38559 |
| InvenTrust Properties Corp. | 41174 | 4.11% | 4452 |
| SITE Centers Corp. | 75835 | 4.36% | (11731) |
| AvalonBay Communities, Inc. | 7760 | 5.28% | (67418) |
| Four Corners Property Trust, Inc. | 50742 | 5.54% | (75043) |
| SBA Communications Corp. | 1900 | 2.24% | (77144) |
| Alexandria Real Estate Equities, Inc. | 9499 | 5.83% | (91929) |
| American Tower Corp. — Class A | 2399 | 2.14% | (95233) |
| Cousins Properties, Inc. | 14417 | 1.54% | (110856) |
| Boston Properties, Inc. | 5116 | 1.46% | (115364) |
| Equity Residential | 24882 | 6.19% | (126220) |
| Rexford Industrial Realty, Inc. | 37124 | 8.55% | (132702) |
| Piedmont Office Realty Trust, Inc. — Class A | 40036 | 1.55% | (149495) |
| NETSTREIT Corp. | 80259 | 6.20% | (200695) |
| Xenia Hotels & Resorts, Inc. | 77301 | 4.29% | (349010) |
| **Total Financial** |  |  | (762122) |
| **Total MS Equity Long Custom Basket** |  |  | $(762122) |

---

---

| | | | |
|:---|:---|:---|:---|
| **MS EQUITY SHORT CUSTOM BASKET** | | | |
| **Financial** |  |  |  |
| Douglas Emmett, Inc. | 95414 | (6.58)% | 1171122 |
| Office Properties Income Trust | 77367 | (4.56)% | 1033484 |
| Broadstone Net Lease, Inc. | 82586 | (5.91)% | 747704 |
| Essex Property Trust, Inc. | 6824 | (6.38)% | 449845 |
| Necessity Retail REIT, Inc. | 130448 | (3.41)% | 393309 |
| Apartment Income REIT Corp. | 19783 | (2.99)% | 333690 |
| Camden Property Trust | 6280 | (3.10)% | 246247 |
| Realty Income Corp. | 37407 | (10.47)% | 217753 |
| STAG Industrial, Inc. | 62655 | (8.93)% | 217000 |
| Mid-America Apartment Communities, Inc. | 8086 | (5.60)% | 165815 |
| Host Hotels & Resorts, Inc. | 44173 | (3.13)% | 147321 |
| Elme Communities | 14125 | (1.11)% | 114205 |
| Phillips Edison & Company, Inc. | 80216 | (11.27)% | 93142 |
| Apple Hospitality REIT, Inc. | 80586 | (5.61)% | 77547 |
| Federal Realty Investment Trust | 12181 | (5.43)% | (1015) |
| Welltower, Inc. | 16552 | (4.79)% | (72204) |
| **Total Financial** |  |  | 5334965 |
| **Exchange - Traded Funds** |  |  |  |
| Vanguard Real Estate ETF | 29480 | (10.73)% | 871161 |
| **Total MS Equity Short Custom Basket** |  |  | $6206126 |

---

---

| | |
|:---|:---|
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs — See Note 3.* |
| *<sup>1</sup>* | *All or a portion of this security is pledged as custom equity basket swap collateral at December 31, 2022.* |
| *<sup>2</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| |  |

---

---

| |
|:---|
| *GS — Goldman Sachs International* |
| *MS — Morgan Stanley Capital Services LLC* |
| *REIT — Real Estate Investment Trust* |
| *See Sector Classification in Other Information section.* |

---

---

| | |
|:---|:---|
| **Risk Managed Real Estate Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $396724550 | $— | $— | $396724550 |
| Money Market Fund | 30418304 |  |  | 30418304 |
| Equity Custom Basket Swap Agreements\*\* |  | 12349495 |  | 12349495 |
| Total Assets | $427142854 | $12349495 | $— | $439492349 |
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks Sold Short | $19719986 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $19719986 |
| Exchange-Traded Funds Sold Short | 2399178 |  |  | 2399178 |
| Equity Custom Basket Swap Agreements\*\* |  | 1542733 |  | 1542733 |
| Total Liabilities | $22119164 | $1542733 | $— | $23661897 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

---

| | |
|:---|:---|
| <br> **Small Cap Value Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 93.9%** | **COMMON STOCKS<sup>†</sup> - 93.9%** | **COMMON STOCKS<sup>†</sup> - 93.9%** |
| **Financial - 29.7%** | **Financial - 29.7%** | **Financial - 29.7%** |
| BOK Financial Corp. | 1208 | $125378 |
| Prosperity Bancshares, Inc. | 1718 | 124864 |
| Hanmi Financial Corp. | 4023 | 99569 |
| Unum Group | 2258 | 92646 |
| First Merchants Corp. | 2215 | 91059 |
| Hancock Whitney Corp. | 1826 | 88360 |
| Physicians Realty Trust REIT | 6064 | 87746 |
| Cathay General Bancorp | 2149 | 87658 |
| Texas Capital Bancshares, Inc.<sup>\*</sup> | 1395 | 84132 |
| Old Republic International Corp. | 3447 | 83245 |
| Axis Capital Holdings Ltd. | 1384 | 74971 |
| Banc of California, Inc. | 4241 | 67559 |
| Stifel Financial Corp. | 1124 | 65608 |
| STAG Industrial, Inc. REIT | 2020 | 65266 |
| Old National Bancorp | 3445 | 61941 |
| LXP Industrial Trust REIT | 6143 | 61553 |
| Simmons First National Corp. — Class A | 2800 | 60424 |
| CNO Financial Group, Inc. | 2622 | 59913 |
| MGIC Investment Corp. | 4422 | 57486 |
| First American Financial Corp. | 1065 | 55742 |
| Apple Hospitality REIT, Inc. | 3371 | 53194 |
| Independent Bank Group, Inc. | 880 | 52870 |
| Trustmark Corp. | 1239 | 43254 |
| First Hawaiian, Inc. | 1543 | 40180 |
| United Bankshares, Inc. | 950 | 38466 |
| Sunstone Hotel Investors, Inc. REIT | 3925 | 37916 |
| Wintrust Financial Corp. | 424 | 35837 |
| United Community Banks, Inc. | 1018 | 34408 |
| Stewart Information Services Corp. | 797 | 34056 |
| RMR Group, Inc. — Class A | 797 | 22515 |
| Piedmont Office Realty Trust, Inc. — Class A REIT | 2297 | 21064 |
| Heritage Insurance Holdings, Inc.<sup>\*</sup> | 2992 | 5385 |
| **Total Financial** |  | 2014265 |
| **Industrial - 21.6%** |  |  |
| MDU Resources Group, Inc. | 2979 | 90383 |
| Graphic Packaging Holding Co. | 4043 | 89957 |
| Mercury Systems, Inc.<sup>\*</sup> | 1923 | 86035 |
| Altra Industrial Motion Corp. | 1426 | 85203 |
| GATX Corp. | 791 | 84115 |
| Knight-Swift Transportation Holdings, Inc. | 1594 | 83541 |
| Valmont Industries, Inc. | 251 | 82998 |
| Kirby Corp.<sup>\*</sup> | 1239 | 79730 |
| Daseke, Inc.<sup>\*</sup> | 11204 | 63751 |
| Arcosa, Inc. | 1158 | 62926 |
| Moog, Inc. — Class A | 659 | 57834 |
| Curtiss-Wright Corp. | 313 | 52268 |
| Enovis Corp.<sup>\*</sup> | 961 | 51433 |
| PGT Innovations, Inc.<sup>\*</sup> | 2617 | 47001 |
| Belden, Inc. | 647 | 46519 |
| Park Aerospace Corp. | 3377 | 45286 |
| Terex Corp. | 1001 | 42763 |
| Littelfuse, Inc. | 183 | 40297 |
| EnerSys | 540 | 39873 |
| Summit Materials, Inc. — Class A<sup>\*</sup> | 1392 | 39519 |
| Sonoco Products Co. | 615 | 37336 |
| Esab Corp. | 711 | 33360 |
| Advanced Energy Industries, Inc. | 384 | 32939 |
| Stoneridge, Inc.<sup>\*</sup> | 1516 | 32685 |
| Coherent Corp.<sup>\*</sup> | 687 | 24114 |
| Smith-Midland Corp.<sup>\*</sup> | 939 | 19250 |
| AZEK Company, Inc.<sup>\*</sup> | 895 | 18186 |
| **Total Industrial** |  | 1469302 |
| **Consumer, Cyclical - 11.9%** |  |  |
| H&E Equipment Services, Inc. | 2510 | 113954 |
| Rush Enterprises, Inc. — Class A | 2066 | 108010 |
| MSC Industrial Direct Company, Inc. — Class A | 1184 | 96733 |
| Meritage Homes Corp.<sup>\*</sup> | 1019 | 93952 |
| Methode Electronics, Inc. | 1878 | 83327 |
| Alaska Air Group, Inc.<sup>\*</sup> | 1812 | 77807 |
| UniFirst Corp. | 202 | 38984 |
| Hawaiian Holdings, Inc.<sup>\*</sup> | 3481 | 35715 |
| Marriott Vacations Worldwide Corp. | 256 | 34455 |
| Leggett & Platt, Inc. | 1004 | 32359 |
| Macy's, Inc. | 1539 | 31780 |
| Whirlpool Corp. | 213 | 30131 |
| Lakeland Industries, Inc.<sup>\*</sup> | 2166 | 28808 |
| **Total Consumer, Cyclical** |  | 806015 |
| **Consumer, Non-cyclical - 8.0%** |  |  |
| Euronet Worldwide, Inc.<sup>\*</sup> | 1141 | 107688 |
| Encompass Health Corp. | 1613 | 96474 |
| Ingredion, Inc. | 865 | 84709 |
| Central Garden & Pet Co. — Class A<sup>\*</sup> | 1768 | 63294 |
| Azenta, Inc.<sup>\*</sup> | 580 | 33768 |
| ICF International, Inc. | 333 | 32984 |
| Perdoceo Education Corp.<sup>\*</sup> | 2215 | 30788 |
| Jazz Pharmaceuticals plc<sup>\*</sup> | 158 | 25171 |
| Integer Holdings Corp.<sup>\*</sup> | 346 | 23687 |
| Ironwood Pharmaceuticals, Inc. — Class A<sup>\*</sup> | 1840 | 22798 |
| Pacira BioSciences, Inc.<sup>\*</sup> | 517 | 19961 |
| **Total Consumer, Non-cyclical** |  | 541322 |
| **Utilities - 6.1%** |  |  |
| OGE Energy Corp. | 3108 | 122922 |
| Black Hills Corp. | 1457 | 102485 |
| Spire, Inc. | 798 | 54950 |
| Avista Corp. | 1052 | 46646 |
| ALLETE, Inc. | 710 | 45802 |
| Pinnacle West Capital Corp. | 543 | 41290 |
| **Total Utilities** |  | 414095 |
| **Energy - 5.7%** |  |  |
| Pioneer Natural Resources Co. | 1159 | 264704 |
| CNX Resources Corp.<sup>\*</sup> | 5066 | 85312 |
| Ranger Oil Corp. — Class A | 847 | 34244 |
| **Total Energy** |  | 384260 |
| **Technology - 4.1%** |  |  |
| Science Applications International Corp. | 768 | 85194 |

---

---

| | |
|:---|:---|
| <br> **Small Cap Value Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 93.9% (continued)** | **COMMON STOCKS<sup>†</sup> - 93.9% (continued)** | **COMMON STOCKS<sup>†</sup> - 93.9% (continued)** |
| **Technology - 4.1% (continued)** |  |  |
| MACOM Technology Solutions Holdings, Inc.<sup>\*</sup> | 923 | $58131 |
| Conduent, Inc.<sup>\*</sup> | 10165 | 41169 |
| Silicon Laboratories, Inc.<sup>\*</sup> | 253 | 34324 |
| Power Integrations, Inc. | 453 | 32489 |
| Amkor Technology, Inc. | 1288 | 30886 |
| **Total Technology** |  | 282193 |
| **Basic Materials - 4.1%** |  |  |
| Huntsman Corp. | 3321 | 91261 |
| Ashland, Inc. | 710 | 76346 |
| Avient Corp. | 1900 | 64144 |
| Commercial Metals Co. | 992 | 47914 |
| **Total Basic Materials** |  | 279665 |
| **Communications - 2.7%** |  |  |
| Ciena Corp.<sup>\*</sup> | 1787 | 91101 |
| Infinera Corp.<sup>\*</sup> | 8638 | 58220 |
| Gray Television, Inc. | 2889 | 32328 |
| **Total Communications** |  | 181649 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $5,915,509) |  | 6372766 |
| **CONVERTIBLE PREFERRED STOCKS<sup>†††</sup> - 0.0%** |  |  |
| **Industrial - 0.0%** |  |  |
| Thermoenergy Corp.<sup>\*,1</sup> | 6250 | – |
| **Total Convertible Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $5,968) |  | – |
| **RIGHTS<sup>†</sup> - 0.2%** |  |  |
| **Basic Materials - 0.2%** |  |  |
| Pan American Silver Corp.<sup>\*</sup> | 17705 | 10109 |
| **Total Rights** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $–) |  | 10109 |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 3.7%** |  |  |
| SPDR S&P Biotech ETF<sup>\*</sup> | 1782 | 147906 |
| iShares Russell 2000 Value ETF | 757 | 104973 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $268,059) |  | 252879 |
| **MONEY MARKET FUND<sup>†</sup> - 1.2%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>2</sup> | 79618 | 79618 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $79,618) |  | 79618 |
| **Total Investments - 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,269,154) |  | $6715372 |
| **Other Assets & Liabilities, net - 1.0%** |  | 70322 |
| **Total Net Assets - 100.0%** |  | $6785694 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>1</sup>* | *PIPE (Private Investment in Public Equity) - Stock issued by a company in the secondary market as a means of raising capital more quickly and less expensively than through registration of a secondary public offering.* |
| *<sup>2</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*plc — Public Limited Company* <br> *REIT — Real Estate Investment Trust*

 

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted <br> Prices** | **Level 2<br> Significant <br> Observable <br> Inputs** | **Level 3<br> Significant <br> Unobservable <br> Inputs** | **Total** |
| Common Stocks | $6372766 | $– | $– | $6372766 |
| Convertible Preferred Stocks |  |  | – \* |  |
| Rights | 10109 |  |  | 10109 |
| Exchange-Traded Funds | 252879 |  |  | 252879 |
| Money Market Fund | 79618 | – | – | 79618 |
| Total Assets | $6715372 | $– | $– | $6715372 |

---

*<sup>\*</sup>* *Security has a market value of $0.*

---

| | |
|:---|:---|
| <br> **SMid Cap Value Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 99.0%** | **COMMON STOCKS<sup>†</sup> - 99.0%** | **COMMON STOCKS<sup>†</sup> - 99.0%** |
| **Financial - 24.1%** | **Financial - 24.1%** | **Financial - 24.1%** |
| Unum Group | 228069 | $9357671 |
| Prosperity Bancshares, Inc. | 108788 | 7906712 |
| BOK Financial Corp. | 64412 | 6685321 |
| Physicians Realty Trust REIT | 382791 | 5538986 |
| First Merchants Corp. | 132480 | 5446253 |
| Texas Capital Bancshares, Inc.<sup>\*</sup> | 83797 | 5053797 |
| Old Republic International Corp. | 178191 | 4303312 |
| Alexandria Real Estate Equities, Inc. REIT | 27079 | 3944598 |
| Axis Capital Holdings Ltd. | 70346 | 3810643 |
| Hancock Whitney Corp. | 77597 | 3754919 |
| Stifel Financial Corp. | 61030 | 3562321 |
| Sun Communities, Inc. REIT | 24554 | 3511222 |
| Old National Bancorp | 186883 | 3360156 |
| Voya Financial, Inc. | 50320 | 3094177 |
| Apple Hospitality REIT, Inc. | 191498 | 3021839 |
| First American Financial Corp. | 57283 | 2998192 |
| Gaming and Leisure Properties, Inc. REIT | 46248 | 2409058 |
| Trustmark Corp. | 64832 | 2263285 |
| SVB Financial Group<sup>\*</sup> | 9334 | 2148127 |
| STAG Industrial, Inc. REIT | 62191 | 2009391 |
| Wintrust Financial Corp. | 23588 | 1993658 |
| United Bankshares, Inc. | 49223 | 1993039 |
| First Hawaiian, Inc. | 76443 | 1990576 |
| VICI Properties, Inc. REIT | 58115 | 1882926 |
| United Community Banks, Inc. | 52768 | 1783558 |
| Heritage Insurance Holdings, Inc.<sup>\*</sup> | 146821 | 264278 |
| **Total Financial** |  | 94088015 |
| **Industrial - 23.8%** |  |  |
| Curtiss-Wright Corp. | 37616 | 6281496 |
| Graphic Packaging Holding Co. | 279720 | 6223770 |
| Kirby Corp.<sup>\*</sup> | 90242 | 5807073 |
| Valmont Industries, Inc. | 17431 | 5763909 |
| Knight-Swift Transportation Holdings, Inc. | 99408 | 5209973 |
| Littelfuse, Inc. | 23620 | 5201124 |
| Johnson Controls International plc | 76754 | 4912256 |
| MDU Resources Group, Inc. | 160895 | 4881554 |
| Terex Corp. | 111278 | 4753796 |
| Arcosa, Inc. | 81506 | 4429036 |
| Enovis Corp.<sup>\*</sup> | 63654 | 3406762 |
| Daseke, Inc.<sup>\*</sup> | 576933 | 3282749 |
| PGT Innovations, Inc.<sup>\*</sup> | 161297 | 2896894 |
| GATX Corp. | 27068 | 2878411 |
| Mercury Systems, Inc.<sup>\*</sup> | 62061 | 2776609 |
| Teledyne Technologies, Inc.<sup>\*</sup> | 6674 | 2668999 |
| Altra Industrial Motion Corp. | 42912 | 2563992 |
| Park Aerospace Corp. | 174887 | 2345235 |
| Plexus Corp.<sup>\*</sup> | 22485 | 2314381 |
| Summit Materials, Inc. — Class A<sup>\*</sup> | 77120 | 2189437 |
| Advanced Energy Industries, Inc. | 24186 | 2074675 |
| Sonoco Products Co. | 34129 | 2071972 |
| EnerSys | 26876 | 1984524 |
| Esab Corp. | 41571 | 1950511 |
| Stoneridge, Inc.<sup>\*</sup> | 82637 | 1781654 |
| Coherent Corp.<sup>\*</sup> | 37023 | 1299507 |
| AZEK Company, Inc.<sup>\*</sup> | 52347 | 1063691 |
| **Total Industrial** |  | 93013990 |
| **Consumer, Non-cyclical - 13.3%** |  |  |
| Bunge Ltd. | 95532 | 9531227 |
| Ingredion, Inc. | 87551 | 8573869 |
| Euronet Worldwide, Inc.<sup>\*</sup> | 66598 | 6285519 |
| Encompass Health Corp. | 96089 | 5747083 |
| Henry Schein, Inc.<sup>\*</sup> | 59134 | 4723033 |
| Integer Holdings Corp.<sup>\*</sup> | 53596 | 3669182 |
| Central Garden & Pet Co. — Class A<sup>\*</sup> | 100456 | 3596325 |
| Quest Diagnostics, Inc. | 15093 | 2361149 |
| Azenta, Inc.<sup>\*</sup> | 33889 | 1973018 |
| ICF International, Inc. | 19374 | 1918995 |
| Jazz Pharmaceuticals plc<sup>\*</sup> | 7906 | 1259505 |
| Ironwood Pharmaceuticals, Inc. — Class A<sup>\*</sup> | 101303 | 1255144 |
| Pacira BioSciences, Inc.<sup>\*</sup> | 26794 | 1034516 |
| **Total Consumer, Non-cyclical** |  | 51928565 |
| **Consumer, Cyclical - 9.1%** |  |  |
| H&E Equipment Services, Inc. | 143776 | 6527430 |
| MSC Industrial Direct Company, Inc. — Class A | 75691 | 6183955 |
| Methode Electronics, Inc. | 102055 | 4528180 |
| Ralph Lauren Corp. — Class A | 31603 | 3339489 |
| Alaska Air Group, Inc.<sup>\*</sup> | 75819 | 3255668 |
| UniFirst Corp. | 11005 | 2123855 |
| PVH Corp. | 28203 | 1990850 |
| Marriott Vacations Worldwide Corp. | 13418 | 1805929 |
| Whirlpool Corp. | 11942 | 1689316 |
| Leggett & Platt, Inc. | 52314 | 1686080 |
| Meritage Homes Corp.<sup>\*</sup> | 12155 | 1120691 |
| Lakeland Industries, Inc.<sup>\*</sup> | 82219 | 1093512 |
| **Total Consumer, Cyclical** |  | 35344955 |
| **Technology - 7.9%** |  |  |
| Evolent Health, Inc. — Class A<sup>\*</sup> | 244973 | 6878842 |
| Science Applications International Corp. | 54403 | 6034925 |
| Teradyne, Inc. | 59776 | 5221434 |
| Leidos Holdings, Inc. | 45214 | 4756061 |
| MACOM Technology Solutions Holdings, Inc.<sup>\*</sup> | 50130 | 3157187 |
| Silicon Laboratories, Inc.<sup>\*</sup> | 20880 | 2832789 |
| Power Integrations, Inc. | 25140 | 1803041 |
| **Total Technology** |  | 30684279 |
| **Basic Materials - 6.8%** |  |  |
| Westlake Corp. | 54340 | 5572024 |
| Huntsman Corp. | 189411 | 5205014 |
| Reliance Steel & Aluminum Co. | 22854 | 4626564 |
| Ashland, Inc. | 41548 | 4467656 |
| Avient Corp. | 109330 | 3690981 |
| Nucor Corp. | 22336 | 2944108 |
| **Total Basic Materials** |  | 26506347 |
| **Energy - 5.9%** |  |  |
| Pioneer Natural Resources Co. | 72588 | 16578373 |
| Diamondback Energy, Inc. | 16407 | 2244150 |
| Kinder Morgan, Inc. | 112598 | 2035772 |
| Patterson-UTI Energy, Inc. | 116563 | 1962921 |

---

---

| | |
|:---|:---|
| <br> **SMid Cap Value Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 99.0% (continued)** | **COMMON STOCKS<sup>†</sup> - 99.0% (continued)** | **COMMON STOCKS<sup>†</sup> - 99.0% (continued)** |
| **Energy - 5.9% (continued)** |  |  |
| HydroGen Corp.<sup>\*,†††,1</sup> | 1265700 | $1 |
| **Total Energy** |  | 22821217 |
| **Utilities - 4.9%** |  |  |
| OGE Energy Corp. | 186889 | 7391460 |
| Pinnacle West Capital Corp. | 84650 | 6436786 |
| Black Hills Corp. | 52292 | 3678219 |
| Spire, Inc. | 22032 | 1517124 |
| **Total Utilities** |  | 19023589 |
| **Communications - 3.2%** |  |  |
| Ciena Corp.<sup>\*</sup> | 92219 | 4701325 |
| Infinera Corp.<sup>\*</sup> | 624066 | 4206205 |
| Fox Corp. — Class B | 126041 | 3585866 |
| **Total Communications** |  | 12493396 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $334,370,238) |  | 385904353 |
| **CONVERTIBLE PREFERRED STOCKS<sup>†††</sup> - 0.0%** |  |  |
| **Industrial - 0.0%** |  |  |
| Thermoenergy Corp.<sup>\*,2</sup> | 1652084 | 5 |
| **Total Convertible Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,577,635) |  | 5 |
| **RIGHTS<sup>†</sup> - 0.1%** |  |  |
| **Basic Materials - 0.1%** |  |  |
| Pan American Silver Corp.<sup>\*</sup> | 516551 | 294951 |
| **Total Rights** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $–) |  | 294951 |
| **MONEY MARKET FUND<sup>†</sup> - 1.1%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>3</sup> | 4425221 | 4425221 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,425,221) |  | 4425221 |
| **Total Investments - 100.2%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $340,373,094) |  | $390624530 |
| **Other Assets & Liabilities, net - (0.2)%** |  | (622269) |
| **Total Net Assets - 100.0%** |  | $390002261 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>1</sup>* | *Affiliated issuer.* |
| *<sup>2</sup>* | *PIPE (Private Investment in Public Equity) - Stock issued by a company in the secondary market as a means of raising capital more quickly and less expensively than through registration of a secondary public offering.* |
| *<sup>3</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*plc — Public Limited Company* <br> *REIT — Real Estate Investment Trust*

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable <br> Inputs** | **Total** |
| Common Stocks | $385904352 | $— | $1 | $385904353 |
| Convertible Preferred Stocks |  |  | 5 | 5 |
| Rights | 294951 |  |  | 294951 |
| Money Market Fund | 4425221 |  |  | 4425221 |
| Total Assets | $390624524 | $— | $6 | $390624530 |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments result in that company being considered an affiliated issuer, as defined in the 1940 Act.

---

| | |
|:---|:---|
| <br> **SMid Cap Value Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value <br> 09/30/22** | **Additions** | **Reductions** | **Realized Gain <br> (Loss)** | **Change in <br> Unrealized<br> Appreciation<br> (Depreciation)** | **Value<br> 12/31/22** | **Shares<br> 12/31/22** |
| **Common Stock** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;HydroGen Corp. <sup>\*</sup> | $2 | $– | $– | $– | $(1) | $1 | 1265700 |

---

\* Non-income producing security.

---

| | |
|:---|:---|
| <br>**StylePlus—Large Core Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 19.6%** | **COMMON STOCKS<sup>†</sup> - 19.6%** | **COMMON STOCKS<sup>†</sup> - 19.6%** |
| **Technology - 5.1%** | **Technology - 5.1%** | **Technology - 5.1%** |
| Microsoft Corp. | 9961 | $2388661 |
| Apple, Inc. | 18224 | 2367844 |
| QUALCOMM, Inc. | 4055 | 445807 |
| Applied Materials, Inc. | 3861 | 375984 |
| Skyworks Solutions, Inc. | 4118 | 375273 |
| NXP Semiconductor N.V. | 2275 | 359518 |
| Microchip Technology, Inc. | 5083 | 357081 |
| Texas Instruments, Inc. | 2134 | 352580 |
| Hewlett Packard Enterprise Co. | 21261 | 339325 |
| International Business Machines Corp. | 2292 | 322920 |
| KLA Corp. | 841 | 317082 |
| NetApp, Inc. | 5243 | 314895 |
| HP, Inc. | 10866 | 291969 |
| Broadcom, Inc. | 495 | 276770 |
| Seagate Technology Holdings plc | 4839 | 254580 |
| Adobe, Inc.<sup>\*</sup> | 700 | 235571 |
| ON Semiconductor Corp.<sup>\*</sup> | 3368 | 210062 |
| Qorvo, Inc.<sup>\*</sup> | 2266 | 205390 |
| Micron Technology, Inc. | 3294 | 164634 |
| NVIDIA Corp. | 979 | 143071 |
| **Total Technology** |  | 10099017 |
| **Consumer, Non-cyclical - 4.6%** |  |  |
| Philip Morris International, Inc. | 5744 | 581350 |
| Bristol-Myers Squibb Co. | 7636 | 549410 |
| Gilead Sciences, Inc. | 6128 | 526089 |
| Quest Diagnostics, Inc. | 2886 | 451486 |
| Hershey Co. | 1936 | 448320 |
| Pfizer, Inc. | 8651 | 443277 |
| Johnson & Johnson | 2458 | 434206 |
| Vertex Pharmaceuticals, Inc.<sup>\*</sup> | 1481 | 427683 |
| Hologic, Inc.<sup>\*</sup> | 5698 | 426267 |
| Incyte Corp.<sup>\*</sup> | 5181 | 416138 |
| Altria Group, Inc. | 9059 | 414087 |
| Tyson Foods, Inc. — Class A | 5999 | 373438 |
| Organon & Co. | 13287 | 371106 |
| Amgen, Inc. | 1312 | 344584 |
| Merck & Company, Inc. | 3053 | 338730 |
| General Mills, Inc. | 3479 | 291714 |
| UnitedHealth Group, Inc. | 534 | 283116 |
| Regeneron Pharmaceuticals, Inc.<sup>\*</sup> | 392 | 282824 |
| AbbVie, Inc. | 1700 | 274737 |
| United Rentals, Inc.<sup>\*</sup> | 714 | 253770 |
| FleetCor Technologies, Inc.<sup>\*</sup> | 1308 | 240253 |
| Campbell Soup Co. | 3698 | 209861 |
| Eli Lilly & Co. | 553 | 202310 |
| Procter & Gamble Co. | 822 | 124582 |
| Coca-Cola Co. | 1925 | 122450 |
| PepsiCo, Inc. | 667 | 120500 |
| **Total Consumer, Non-cyclical** |  | 8952288 |
| **Industrial - 2.7%** |  |  |
| Lockheed Martin Corp. | 1110 | 540004 |
| Emerson Electric Co. | 4968 | 477226 |
| 3M Co. | 3914 | 469367 |
| General Dynamics Corp. | 1882 | 466943 |
| Otis Worldwide Corp. | 5674 | 444331 |
| Textron, Inc. | 5873 | 415808 |
| Snap-on, Inc. | 1749 | 399629 |
| Packaging Corporation of America | 3108 | 397544 |
| Sealed Air Corp. | 7892 | 393653 |
| Keysight Technologies, Inc.<sup>\*</sup> | 2035 | 348128 |
| Masco Corp. | 6760 | 315489 |
| Allegion plc | 2547 | 268097 |
| Fortune Brands Innovations, Inc. | 2379 | 135865 |
| A O Smith Corp. | 2353 | 134686 |
| Masterbrand, Inc.<sup>\*</sup> | 2379 | 17961 |
| **Total Industrial** |  | 5224731 |
| **Consumer, Cyclical - 1.9%** |  |  |
| Home Depot, Inc. | 2230 | 704368 |
| McDonald's Corp. | 2390 | 629837 |
| Lowe's Companies, Inc. | 2684 | 534760 |
| Yum! Brands, Inc. | 3525 | 451482 |
| PACCAR, Inc. | 3762 | 372325 |
| NVR, Inc.<sup>\*</sup> | 74 | 341331 |
| Cummins, Inc. | 1324 | 320792 |
| Tesla, Inc.<sup>\*</sup> | 1294 | 159395 |
| Bath & Body Works, Inc. | 3317 | 139778 |
| Walmart, Inc. | 791 | 112156 |
| **Total Consumer, Cyclical** |  | 3766224 |
| **Energy - 1.7%** |  |  |
| Exxon Mobil Corp. | 8848 | 975935 |
| Marathon Petroleum Corp. | 4112 | 478596 |
| Valero Energy Corp. | 3749 | 475598 |
| Occidental Petroleum Corp. | 6969 | 438977 |
| Kinder Morgan, Inc. | 19140 | 346051 |
| Phillips 66 | 2714 | 282473 |
| Chevron Corp. | 1571 | 281979 |
| **Total Energy** |  | 3279609 |
| **Communications - 1.6%** |  |  |
| Alphabet, Inc. — Class C<sup>\*</sup> | 13733 | 1218529 |
| Cisco Systems, Inc. | 13301 | 633659 |
| Amazon.com, Inc.<sup>\*</sup> | 7439 | 624876 |
| VeriSign, Inc.<sup>\*</sup> | 1902 | 390747 |
| Meta Platforms, Inc. — Class A<sup>\*</sup> | 2508 | 301813 |
| **Total Communications** |  | 3169624 |
| **Financial - 1.3%** |  |  |
| Visa, Inc. — Class A | 3428 | 712201 |
| Mastercard, Inc. — Class A | 1250 | 434663 |
| Goldman Sachs Group, Inc. | 1087 | 373254 |
| Berkshire Hathaway, Inc. — Class B<sup>\*</sup> | 1145 | 353690 |
| JPMorgan Chase & Co. | 2545 | 341284 |
| Bank of New York Mellon Corp. | 5394 | 245535 |
| Prologis, Inc. REIT | 1120 | 126258 |
| **Total Financial** |  | 2586885 |
| **Basic Materials - 0.5%** |  |  |
| LyondellBasell Industries N.V. — Class A | 4406 | 365830 |
| Dow, Inc. | 6790 | 342148 |
| FMC Corp. | 1007 | 125674 |
| Mosaic Co. | 2512 | 110202 |
| CF Industries Holdings, Inc. | 1187 | 101132 |
| **Total Basic Materials** |  | 1044986 |
| **Utilities - 0.2%** |  |  |
| FirstEnergy Corp. | 10410 | 436595 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $38,903,576) |  | 38559959 |

---

---

| | |
|:---|:---|
| <br>**StylePlus—Large Core Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **MUTUAL FUNDS<sup>†</sup> - 78.0%** | | |
| Guggenheim Strategy Fund III<sup>1</sup> | 2768017 | $66598495 |
| Guggenheim Strategy Fund II<sup>1</sup> | 2172035 | 52215714 |
| Guggenheim Ultra Short Duration Fund — Institutional Class<sup>1</sup> | 3559134 | 34310050 |
| **Total Mutual Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $157,670,161) |  | 153124259 |
| **MONEY MARKET FUND<sup>†</sup> - 0.8%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>2</sup> | 1584196 | 1584196 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,584,196) |  | 1584196 |
| **Total Investments - 98.4%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $198,157,933) |  | $193268414 |
| **Other Assets & Liabilities, net - 1.6%** |  | 3066176 |
| **Total Net Assets - 100.0%** |  | $196334590 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | | | |
| **Description** | **Number of <br> Contracts** | <br>**Expiration Date** |<br>**Notional Amount** |<br>**Value and<br> Unrealized**<br> **Appreciation<sup>\*\*</sup>** |
| **Equity Futures Contracts Purchased<sup>†</sup>** |  |  |  |  |
| S&P 500 Index Mini Futures Contracts | 50 | Mar 2023 | $9653750 | $135446 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | | | | | |
| **Counterparty** | **Index** | **Type** | **Financing Rate** | <br>**Payment<br> Frequency**  | <br>**Maturity Date** |<br>**Units** |<br>**Notional Amount** |<br>**Value and <br> Unrealized Appreciation** |
| **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** |  |  |  |  |  |  |
| Wells Fargo Bank, N.A. | S&P 500 Total <br> Return<br> Index | Pay | 4.64% (Federal Funds Rate + 0.31%) | At Maturity | 01/29/24 | 18323 | $149842929 | $2221517 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs — See Note 3.* |
| *<sup>1</sup>* | *Affiliated issuer.* |
| *<sup>2</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*plc — Public Limited Company* <br> *REIT — Real Estate Investment Trust*

*See Sector Classification in Other Information section.*

 

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1 <br> Quoted<br> Prices** | **Level 2 <br> Significant <br> Observable <br> Inputs** | **Level 3 <br> Significant <br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $38559959 | $— | $— | $38559959 |
| Mutual Funds | 153124259 |  |  | 153124259 |
| Money Market Fund | 1584196 |  |  | 1584196 |
| Equity Futures Contracts\*\* | 135446 |  |  | 135446 |
| Equity Index Swap Agreements\*\* |  | 2221517 |  | 2221517 |
| Total Assets | $193403860 | $2221517 | $— | $195625377 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

---

| | |
|:---|:---|
| <br>**StylePlus—Large Core Fund**<br>|  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)***<br>| December 31, 2022 |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments ("GI"), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the "Short Term Investment Vehicles"), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2022, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126822000340/gug84768.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value <br> 09/30/22** | **Additions** | **Reductions** | **Realized Gain<br> (Loss)** | **Change in <br> Unrealized Appreciation (Depreciation)** | **Value <br> 12/31/22** | **Shares<br> 12/31/22** | **Investment <br> Income** |
| **Mutual Funds** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund II | $57201913 | $7205104 | $(12410984) | $(459394) | $679075 | $52215714 | 2172035 | $704941 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund III | 67311123 | 840573 | (1659994) | (63265) | 170058 | 66598495 | 2768017 | 837648 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Ultra Short Duration Fund — Institutional Class | 33794274 | 338537 | – | – | 177239 | 34310050 | 3559134 | 335397 |
|  | $158307310 | $8384214 | $(14070978) | $(522659) | $1026372 | $153124259 |  | $1877986 |

---

---

| | |
|:---|:---|
| **StylePlus—Mid Growth Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 22.2%** | **COMMON STOCKS<sup>†</sup> - 22.2%** | **COMMON STOCKS<sup>†</sup> - 22.2%** |
| **Industrial - 5.8%** | **Industrial - 5.8%** | **Industrial - 5.8%** |
| Builders FirstSource, Inc.<sup>\*</sup> | 3298 | $213974 |
| Lincoln Electric Holdings, Inc. | 1388 | 200552 |
| Eagle Materials, Inc. | 1467 | 194891 |
| Carlisle Companies, Inc. | 823 | 193940 |
| Donaldson Company, Inc. | 3153 | 185617 |
| Louisiana-Pacific Corp. | 3042 | 180086 |
| Simpson Manufacturing Company, Inc. | 1809 | 160386 |
| Toro Co. | 1269 | 143651 |
| Acuity Brands, Inc. | 866 | 143418 |
| Littelfuse, Inc. | 585 | 128817 |
| UFP Industries, Inc. | 1619 | 128306 |
| Mueller Industries, Inc. | 2074 | 122366 |
| nVent Electric plc | 2744 | 105562 |
| Hubbell, Inc. | 435 | 102086 |
| Axon Enterprise, Inc.<sup>\*</sup> | 588 | 97567 |
| Middleby Corp.<sup>\*</sup> | 656 | 87838 |
| Sealed Air Corp. | 1749 | 87240 |
| TopBuild Corp.<sup>\*</sup> | 556 | 87008 |
| Masco Corp. | 1774 | 82793 |
| Jabil, Inc. | 1043 | 71132 |
| EMCOR Group, Inc. | 473 | 70056 |
| Trex Company, Inc.<sup>\*</sup> | 1641 | 69463 |
| Esab Corp. | 1473 | 69113 |
| Universal Display Corp. | 618 | 66769 |
| Lennox International, Inc. | 272 | 65071 |
| Graco, Inc. | 940 | 63225 |
| Fortune Brands Innovations, Inc. | 1044 | 59623 |
| AECOM | 660 | 56054 |
| Curtiss-Wright Corp. | 333 | 55608 |
| AGCO Corp. | 323 | 44797 |
| Otis Worldwide Corp. | 542 | 42444 |
| Applied Industrial Technologies, Inc. | 329 | 41464 |
| Silgan Holdings, Inc. | 794 | 41161 |
| Knight-Swift Transportation Holdings, Inc. | 758 | 39727 |
| Owens Corning | 451 | 38470 |
| Masterbrand, Inc.<sup>\*</sup> | 1044 | 7882 |
| **Total Industrial** |  | 3548157 |
| **Technology - 4.6%** |  |  |
| Fair Isaac Corp.<sup>\*</sup> | 344 | 205912 |
| Cirrus Logic, Inc.<sup>\*</sup> | 2125 | 158270 |
| Lattice Semiconductor Corp.<sup>\*</sup> | 2343 | 152014 |
| Power Integrations, Inc. | 2041 | 146381 |
| CommVault Systems, Inc.<sup>\*</sup> | 2322 | 145915 |
| Genpact Ltd. | 3146 | 145723 |
| Synaptics, Inc.<sup>\*</sup> | 1238 | 117808 |
| ACI Worldwide, Inc.<sup>\*</sup> | 4971 | 114333 |
| ExlService Holdings, Inc.<sup>\*</sup> | 663 | 112332 |
| Concentrix Corp. | 816 | 108659 |
| Dynatrace, Inc.<sup>\*</sup> | 2798 | 107163 |
| Diodes, Inc.<sup>\*</sup> | 1394 | 106139 |
| Maximus, Inc. | 1347 | 98775 |
| MACOM Technology Solutions Holdings, Inc.<sup>\*</sup> | 1537 | 96800 |
| Lumentum Holdings, Inc.<sup>\*</sup> | 1722 | 89837 |
| Qualys, Inc.<sup>\*</sup> | 790 | 88662 |
| Rambus, Inc.<sup>\*</sup> | 2389 | 85574 |
| Teradata Corp.<sup>\*</sup> | 2458 | 82736 |
| Qorvo, Inc.<sup>\*</sup> | 721 | 65351 |
| NetApp, Inc. | 1063 | 63844 |
| Manhattan Associates, Inc.<sup>\*</sup> | 516 | 62642 |
| Microchip Technology, Inc. | 829 | 58237 |
| HP, Inc. | 2092 | 56212 |
| SiTime Corp.<sup>\*</sup> | 543 | 55180 |
| Amkor Technology, Inc. | 2205 | 52876 |
| Skyworks Solutions, Inc. | 578 | 52673 |
| NXP Semiconductor N.V. | 293 | 46303 |
| Onto Innovation, Inc.<sup>\*</sup> | 649 | 44190 |
| ON Semiconductor Corp.<sup>\*</sup> | 692 | 43160 |
| Seagate Technology Holdings plc | 817 | 42982 |
| CACI International, Inc. — Class A<sup>\*</sup> | 137 | 41181 |
| **Total Technology** |  | 2847864 |
| **Consumer, Non-cyclical - 3.5%** |  |  |
| United Therapeutics Corp.<sup>\*</sup> | 770 | 214129 |
| Neurocrine Biosciences, Inc.<sup>\*</sup> | 1414 | 168888 |
| Halozyme Therapeutics, Inc.<sup>\*</sup> | 2900 | 165010 |
| Quest Diagnostics, Inc. | 948 | 148305 |
| Darling Ingredients, Inc.<sup>\*</sup> | 2306 | 144332 |
| Hologic, Inc.<sup>\*</sup> | 1887 | 141166 |
| Exelixis, Inc.<sup>\*</sup> | 6575 | 105463 |
| Shockwave Medical, Inc.<sup>\*</sup> | 503 | 103422 |
| Jazz Pharmaceuticals plc<sup>\*</sup> | 632 | 100684 |
| QuidelOrtho Corp.<sup>\*</sup> | 1106 | 94751 |
| Repligen Corp.<sup>\*</sup> | 533 | 90242 |
| Service Corporation International | 1232 | 85180 |
| Medpace Holdings, Inc.<sup>\*</sup> | 394 | 83690 |
| H&R Block, Inc. | 2251 | 82184 |
| Globus Medical, Inc. — Class A<sup>\*</sup> | 1080 | 80212 |
| Incyte Corp.<sup>\*</sup> | 851 | 68353 |
| Masimo Corp.<sup>\*</sup> | 324 | 47936 |
| Bruker Corp. | 658 | 44974 |
| LHC Group, Inc.<sup>\*</sup> | 251 | 40584 |
| Acadia Healthcare Company, Inc.<sup>\*</sup> | 488 | 40172 |
| Lantheus Holdings, Inc.<sup>\*</sup> | 763 | 38883 |
| AMN Healthcare Services, Inc.<sup>\*</sup> | 369 | 37941 |
| **Total Consumer, Non-cyclical** |  | 2126501 |
| **Consumer, Cyclical - 3.2%** |  |  |
| Wyndham Hotels & Resorts, Inc. | 2284 | 162872 |
| Brunswick Corp. | 2106 | 151801 |
| Boyd Gaming Corp. | 2658 | 144941 |
| Yum! Brands, Inc. | 1013 | 129745 |
| Crocs, Inc.<sup>\*</sup> | 1099 | 119165 |
| Tempur Sealy International, Inc. | 3310 | 113632 |
| AutoNation, Inc.<sup>\*</sup> | 1011 | 108480 |
| Watsco, Inc. | 424 | 105745 |
| Williams-Sonoma, Inc. | 890 | 102279 |
| Churchill Downs, Inc. | 453 | 95778 |
| Deckers Outdoor Corp.<sup>\*</sup> | 227 | 90609 |
| Academy Sports & Outdoors, Inc. | 1671 | 87794 |
| Wingstop, Inc. | 614 | 84499 |
| Casey's General Stores, Inc. | 342 | 76728 |
| Asbury Automotive Group, Inc.<sup>\*</sup> | 391 | 70087 |
| YETI Holdings, Inc.<sup>\*</sup> | 1378 | 56925 |

---

---

| | |
|:---|:---|
| **StylePlus—Mid Growth Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 22.2% (continued)** | **COMMON STOCKS<sup>†</sup> - 22.2% (continued)** | **COMMON STOCKS<sup>†</sup> - 22.2% (continued)** |
| **Consumer, Cyclical - 3.2% (continued)** |  |  |
| Murphy USA, Inc. | 197 | $55069 |
| Polaris, Inc. | 531 | 53631 |
| Mattel, Inc.<sup>\*</sup> | 2925 | 52182 |
| Choice Hotels International, Inc. | 356 | 40100 |
| BJ's Wholesale Club Holdings, Inc.<sup>\*</sup> | 603 | 39894 |
| **Total Consumer, Cyclical** |  | 1941956 |
| **Financial - 1.8%** |  |  |
| Cathay General Bancorp | 3411 | 139135 |
| Evercore, Inc. — Class A | 1232 | 134387 |
| Wintrust Financial Corp. | 1358 | 114778 |
| Ameris Bancorp | 2355 | 111015 |
| Interactive Brokers Group, Inc. — Class A | 1440 | 104184 |
| Annaly Capital Management, Inc. REIT | 4741 | 99940 |
| United Community Banks, Inc. | 2300 | 77740 |
| First Horizon Corp. | 2829 | 69310 |
| Kinsale Capital Group, Inc. | 247 | 64596 |
| Selective Insurance Group, Inc. | 481 | 42621 |
| RenaissanceRe Holdings Ltd. | 230 | 42373 |
| CubeSmart REIT | 996 | 40089 |
| Jefferies Financial Group, Inc. | 1147 | 39319 |
| Rexford Industrial Realty, Inc. REIT | 519 | 28358 |
| **Total Financial** |  | 1107845 |
| **Energy - 1.6%** |  |  |
| Antero Midstream Corp. | 17281 | 186462 |
| DT Midstream, Inc. | 2959 | 163514 |
| PDC Energy, Inc. | 2374 | 150701 |
| NOV, Inc. | 4765 | 99541 |
| ONEOK, Inc. | 1398 | 91849 |
| Targa Resources Corp. | 1220 | 89670 |
| Matador Resources Co. | 1536 | 87921 |
| Occidental Petroleum Corp. | 1099 | 69226 |
| Southwestern Energy Co.<sup>\*</sup> | 10309 | 60308 |
| **Total Energy** |  | 999192 |
| **Basic Materials - 1.2%** |  |  |
| Steel Dynamics, Inc. | 2226 | 217418 |
| Olin Corp. | 3804 | 201383 |
| Reliance Steel & Aluminum Co. | 690 | 139684 |
| Ingevity Corp.<sup>\*</sup> | 1845 | 129962 |
| RPM International, Inc. | 549 | 53500 |
| **Total Basic Materials** |  | 741947 |
| **Utilities - 0.3%** |  |  |
| OGE Energy Corp. | 1771 | 70043 |
| National Fuel Gas Co. | 721 | 45639 |
| Essential Utilities, Inc. | 872 | 41621 |
| **Total Utilities** |  | 157303 |
| **Communications - 0.2%** |  |  |
| Calix, Inc.<sup>\*</sup> | 822 | 56249 |
| Nexstar Media Group, Inc. — Class A | 316 | 55310 |
| VeriSign, Inc.<sup>\*</sup> | 214 | 43964 |
| **Total Communications** |  | 155523 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $13,425,481) |  | 13626288 |
| **MUTUAL FUNDS<sup>†</sup> - 72.3%** |  |  |
| Guggenheim Strategy Fund II<sup>1</sup> | 896828 | 21559736 |
| Guggenheim Strategy Fund III<sup>1</sup> | 870651 | 20947868 |
| Guggenheim Ultra Short Duration Fund — Institutional Class<sup>1</sup> | 209884 | 2023283 |
| **Total Mutual Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $45,578,298) |  | 44530887 |
| **MONEY MARKET FUND<sup>†</sup> - 10.0%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>2</sup> | 6185266 | 6185266 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,185,266) |  | 6185266 |
| **Total Investments - 104.5%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $65,189,045) |  | $64342441 |
| **Other Assets & Liabilities, net - (4.5)%** |  | (2761029 |
| **Total Net Assets - 100.0%** |  | $61581412 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | | | |
| **Description** | **Number of Contracts** | <br>**Expiration Date** |<br>**Notional Amount** |<br>**Value and Unrealized**<br> **Appreciation (Depreciation)<sup>\*\*</sup>** |
| **Equity Futures Contracts Purchased<sup>†</sup>** |  |  |  |  |
| NASDAQ-100 Index Mini Futures Contracts | 2 | Mar 2023 | $440920 | $1812 |
| S&P 500 Index Mini Futures Contracts | 3 | Mar 2023 | 579225 | (386) |
| S&P MidCap 400 Index Mini Futures Contracts | 5 | Mar 2023 | 1221650 | (11844) |
|  |  |  | $2241795 | $(10418) |

---

---

| | |
|:---|:---|
| **StylePlus—Mid Growth Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | **Total Return Swap Agreements** | | | | | |
| **Counterparty** | **Index** | **Type** | **Financing Rate** | <br>**Payment Frequency** | <br>**Maturity Date** |<br>**Units** |<br>**Notional Amount** |<br>**Value and Unrealized Appreciation** |
| **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** | **OTC Equity Index Swap Agreements<sup>††</sup>** |  |  |  |  |  |
| Wells Fargo Bank, N.A. | Russell MidCap Growth Index Total Return | Pay | 4.61% (Federal Funds Rate + 0.28%) | At Maturity | 01/29/24 | 11574 | $47388701 | $877529 |

---

*<sup>\*</sup>* *Non-income producing security.*

*<sup>\*\*</sup>* *Includes cumulative appreciation (depreciation).* 

*<sup>†</sup>* *Value determined based on Level 1 inputs — See Note 3.*

*<sup>††</sup>* *Value determined based on Level 2 inputs — See Note 3.*

*<sup>1</sup>* *Affiliated issuer.*

*<sup>2</sup>* *Rate indicated is the 7-day yield as of December 31, 2022.*

*plc — Public Limited Company*

*REIT — Real Estate Investment Trust*

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br>Quoted<br>Prices** | **Level 2<br>Significant<br>Observable<br>Inputs** | **Level 3<br>Significant<br>Unobservable<br>Inputs** | **Total** |
| Common Stocks | $13626288 | $— | $— | $13626288 |
| Mutual Funds | 44530887 |  |  | 44530887 |
| Money Market Fund | 6185266 |  |  | 6185266 |
| Equity Futures Contracts\*\* | 1812 |  |  | 1812 |
| Equity Index Swap Agreements\*\* |  | 877529 |  | 877529 |
| Total Assets | $64344253 | $877529 | $— | $65221782 |
| **Investments in Securities (Liabilities)** | **Level 1<br>Quoted<br>Prices** | **Level 2<br>Significant<br>Observable<br>Inputs** | **Level 3<br>Significant<br>Unobservable<br>Inputs** | **Total** |
| Equity Futures Contracts\*\* | $12230 | $— | $— | $12230 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments ("GI"), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the "Short Term Investment Vehicles"), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2022, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126822000340/gug84768.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

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| | |
|:---|:---|
| **StylePlus—Mid Growth Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

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**Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:**

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value 09/30/22** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 12/31/22** | **Shares 12/31/22** | **Investment Income** |
| **Mutual Funds** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund II | $22990350 | $7768059 | $(9259918) | $(329249) | $390494 | $21559736 | 896828 | $230700 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Strategy Fund III | 24117173 | 1267183 | (4464971) | (164667) | 193150 | 20947868 | 870651 | 267098 |
| &nbsp;&nbsp;&nbsp;&nbsp;Guggenheim Ultra Short Duration Fund — Institutional Class | 1992867 | 19964 | – | – | 10452 | 2023283 | 209884 | 19780 |
|  | $49100390 | $9055206 | $(13724889) | $(493916) | $594096 | $44530887 |  | $517578 |

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| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

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| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 0.2%** | **COMMON STOCKS<sup>†</sup> - 0.2%** | **COMMON STOCKS<sup>†</sup> - 0.2%** |
| **Financial - 0.2%** | **Financial - 0.2%** | **Financial - 0.2%** |
| MSD Acquisition Corp. — Class A<sup>\*,1</sup> | 626308 | $6325711 |
| AfterNext HealthTech Acquisition Corp. — Class A<sup>\*,1</sup> | 611700 | 6129234 |
| TPG Pace Beneficial II Corp.<sup>\*,1</sup> | 604770 | 5941865 |
| Conyers Park III Acquisition Corp. — Class A<sup>\*,1</sup> | 570000 | 5620200 |
| Waverley Capital Acquisition Corp. 1 — Class A<sup>\*,1</sup> | 451200 | 4521024 |
| Acropolis Infrastructure Acquisition Corp. — Class A<sup>\*,1</sup> | 397100 | 3935261 |
| Blue Whale Acquisition Corp. I — Class A<sup>\*,1</sup> | 330700 | 3237553 |
| Pershing Square Tontine Holdings, Ltd. — Class A<sup>\*,†††,1</sup> | 9249470 | 925 |
| **Total Financial** |  | 35711773 |
| **Communications - 0.0%** |  |  |
| Figs, Inc. — Class A<sup>\*</sup> | 198762 | 1337668 |
| Vacasa, Inc. — Class A<sup>\*</sup> | 361641 | 455668 |
| **Total Communications** |  | 1793336 |
| **Industrial - 0.0%** |  |  |
| BP Holdco LLC<sup>\*,†††,2</sup> | 532 | 323 |
| Vector Phoenix Holdings, LP<sup>\*,†††</sup> | 532 | 127 |
| API Heat Transfer Parent LLC<sup>\*,†††</sup> | 73183 | 7 |
| **Total Industrial** |  | 457 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $42,840,226) |  | 37505566 |
| **PREFERRED STOCKS<sup>††</sup> - 5.5%** |  |  |
| **Financial - 5.5%** |  |  |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.90%<sup>\*</sup> | 49600000 | 43413144 |
| &nbsp;&nbsp;&nbsp;4.70% | 2184000 | 40163760 |
| &nbsp;&nbsp;&nbsp;4.38% | 1774000 | 30211220 |
| Equitable Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.95%<sup>\*</sup> | 70950000 | 66884565 |
| &nbsp;&nbsp;&nbsp;4.30% | 1839200 | 32535448 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88%<sup>\*</sup> | 89450000 | 76256125 |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*</sup> | 26450000 | 23041124 |
| First Republic Bank |  |  |
| &nbsp;&nbsp;&nbsp;4.25% | 3357425 | 55162493 |
| &nbsp;&nbsp;&nbsp;4.50% | 812800 | 14028928 |
| &nbsp;&nbsp;&nbsp;4.13% | 711090 | 11377440 |
| Markel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.00%<sup>\*</sup> | 82610000 | 79925175 |
| Charles Schwab Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00%<sup>\*</sup> | 73350000 | 58492957 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.38%<sup>\*</sup> | 28318707 | 34318292 |
| &nbsp;&nbsp;&nbsp;6.13%<sup>\*</sup> | 11550000 | 11333437 |
| &nbsp;&nbsp;&nbsp;4.13% | 558511 | 9327134 |
| Bank of New York Mellon Corp. |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;3.75%<sup>\*</sup> | 65200000 | 52515787 |
| MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.85%<sup>\*</sup> | 53200000 | 49409500 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.65%<sup>\*</sup> | 37250000 | 31895312 |
| W R Berkley Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% | 1448221 | 25676959 |
| &nbsp;&nbsp;&nbsp;4.25% | 173779 | 3218387 |
| Arch Capital Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.55% | 1537290 | 26548998 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% | 908000 | 23562600 |
| American Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% | 1161045 | 21583827 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.80%<sup>\*</sup> | 25830000 | 21043745 |
| Public Storage |  |  |
| &nbsp;&nbsp;&nbsp;4.63% | 1089465 | 20819676 |
| RenaissanceRe Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;4.20% | 1253775 | 20348768 |
| Kuvare US Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% <sup>4</sup> | 15650000 | 15806500 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;9.25%<sup>\*</sup> | 13350000 | 14184375 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% | 712000 | 12039920 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% | 558400 | 11274096 |
| Selective Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.60% | 538000 | 9011500 |
| Globe Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% | 336900 | 6030510 |
| Depository Trust & Clearing Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.38%<sup>\*,4</sup> | 4750000 | 3752500 |
| **Total Financial** |  | 955194202 |
| **Government - 0.0%** |  |  |
| CoBank ACB |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 12/31/70<sup>\*</sup> | 3300000 | 2799476 |
| **Industrial - 0.0%** |  |  |
| API Heat Transfer Intermediate<sup>\*,†††</sup> | 9 | – |
| **Total Preferred Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,189,447,692) |  | 957993678 |
| **WARRANTS<sup>†</sup> - 0.0%** |  |  |
| Conyers Park III Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/12/28<sup>\*,1</sup> | 190000 | 28310 |
| Ginkgo Bioworks Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 08/01/26<sup>\*</sup> | 100946 | 20189 |
| Acropolis Infrastructure Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 03/31/26<sup>\*,1</sup> | 132366 | 15884 |
| AfterNext HealthTech Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 203900 | 15292 |
| MSD Acquisition Corp. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 05/13/23<sup>\*,1</sup> | 125260 | 9395 |
| Waverley Capital Acquisition Corp. 1 — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 04/30/27<sup>\*,††,1</sup> | 150400 | 6031 |
| Blue Whale Acquisition Corp. I — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/09/23<sup>\*,1</sup> | 82674 | 5895 |
| Pershing Square Tontine Holdings, Ltd. — Class A |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/24/25<sup>\*,†††,1</sup> | 1027718 | 103 |
| **Total Warrants** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,295,606) |  | 101099 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 0.2%** | | |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 400000 | 42172000 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $43,466,305) |  | 42172000 |
| **MUTUAL FUNDS<sup>†</sup> - 0.4%** |  |  |
| Guggenheim Strategy Fund II<sup>2</sup> | 1124907 | 27042754 |
| Guggenheim Ultra Short Duration Fund — Institutional Class<sup>2</sup> | 2754769 | 26555977 |
| Guggenheim Strategy Fund III<sup>2</sup> | 606460 | 14591428 |
| **Total Mutual Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $70,569,136) |  | 68190159 |
| **MONEY MARKET FUNDS<sup>†</sup> - 2.5%** |  |  |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>5</sup> | 310706016 | 310706016 |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.17%<sup>5</sup> | 123722531 | 123722531 |
| Federated Hermes U.S. Treasury Cash Reserves Fund — Institutional Shares, 3.82%<sup>5</sup> | 6430723 | 6430722 |
| **Total Money Market Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $440,859,269) |  | 440859269 |
|  | **Face<br> Amount<sup>~</sup>** |  |
| **CORPORATE BONDS<sup>††</sup> - 31.1%** |  |  |
| **Financial - 14.1%** |  |  |
| Pershing Square Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 10/01/31 | 104800000 | 78834752 |
| &nbsp;&nbsp;&nbsp;3.25% due 11/15/30<sup>4</sup> | 64600000 | 50295622 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.62% due 06/03/30<sup>4</sup> | 93835000 | 75847132 |
| &nbsp;&nbsp;&nbsp;3.05% due 03/03/36<sup>3,4</sup> | 16600000 | 12006879 |
| Reliance Standard Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 05/07/25<sup>4</sup> | 93191000 | 87472739 |

---

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| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

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| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | |
| **Financial - 14.1% (continued)** |  |  |
| Nationwide Mutual Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.35% due 04/30/50<sup>4</sup> | 111750000 | $83467959 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 02/01/61<sup>4</sup> | 94150000 | 57431500 |
| &nbsp;&nbsp;&nbsp;3.95% due 05/15/60<sup>4</sup> | 33870000 | 22182598 |
| &nbsp;&nbsp;&nbsp;4.13% due 12/15/51<sup>3,4</sup> | 3600000 | 2932560 |
| Wilton RE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% <sup>3,4,6</sup> | 93150000 | 80655791 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/31 | 54554000 | 46796421 |
| &nbsp;&nbsp;&nbsp;5.30% due 01/15/29 | 28165000 | 26653666 |
| &nbsp;&nbsp;&nbsp;3.25% due 01/15/32 | 4150000 | 3317447 |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/30 | 475000 | 416012 |
| Fairfax Financial Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 03/03/31 | 61210000 | 50151316 |
| &nbsp;&nbsp;&nbsp;5.63% due 08/16/32<sup>4</sup> | 13100000 | 12295827 |
| Fidelity National Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.40% due 06/15/30 | 48875000 | 41254308 |
| &nbsp;&nbsp;&nbsp;2.45% due 03/15/31 | 17490000 | 13342392 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 01/15/27 | 34850000 | 29094006 |
| &nbsp;&nbsp;&nbsp;3.25% due 07/15/27 | 30100000 | 25319037 |
| Safehold Operating Partnership, LP |  |  |
| &nbsp;&nbsp;&nbsp;2.85% due 01/15/32 | 39904000 | 30284926 |
| &nbsp;&nbsp;&nbsp;2.80% due 06/15/31 | 30138000 | 23129592 |
| Host Hotels & Resorts, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 09/15/30 | 44458000 | 36689762 |
| &nbsp;&nbsp;&nbsp;2.90% due 12/15/31 | 20200000 | 15452275 |
| Maple Grove Funding Trust I |  |  |
| &nbsp;&nbsp;&nbsp;4.16% due 08/15/51<sup>4</sup> | 77700000 | 52068783 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 10/15/32 | 40440000 | 30411398 |
| &nbsp;&nbsp;&nbsp;2.63% due 10/15/31 | 27400000 | 20901802 |
| &nbsp;&nbsp;&nbsp;6.50% due 01/20/43 | 720000 | 701459 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.96% due 05/13/31<sup>3</sup> | 29530000 | 24331414 |
| &nbsp;&nbsp;&nbsp;2.52% due 04/22/31<sup>3</sup> | 19520000 | 15972960 |
| &nbsp;&nbsp;&nbsp;4.49% due 03/24/31<sup>3</sup> | 10750000 | 10040032 |
| Global Atlantic Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 10/15/51<sup>3,4</sup> | 38300000 | 29171876 |
| &nbsp;&nbsp;&nbsp;3.13% due 06/15/31<sup>4</sup> | 28750000 | 21093970 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.59% due 04/29/31<sup>3</sup> | 56740000 | 46211094 |
| &nbsp;&nbsp;&nbsp;4.68% (SOFR + 0.73%, Rate Floor: 0.00%) due 10/24/24<sup>◊</sup> | 1660000 | 1644601 |
| &nbsp;&nbsp;&nbsp;1.73% due 07/22/27<sup>3</sup> | 1650000 | 1445592 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/30 | 57971000 | 49237142 |

---

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| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | |
| **Financial - 14.1% (continued)** |  |  |
| Nippon Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 01/21/51<sup>3,4</sup> | 45350000 | $36393272 |
| &nbsp;&nbsp;&nbsp;2.90% due 09/16/51<sup>3,4</sup> | 10380000 | 8302236 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 04/15/29<sup>4</sup> | 32550000 | 25892881 |
| &nbsp;&nbsp;&nbsp;5.50% due 11/15/25<sup>4</sup> | 20100000 | 18102460 |
| Ares Finance Company II LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 06/15/30<sup>4</sup> | 53085000 | 43792429 |
| National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.33% due 08/21/30<sup>4</sup> | 22400000 | 17052650 |
| &nbsp;&nbsp;&nbsp;2.99% due 05/21/31<sup>4</sup> | 19350000 | 15146685 |
| &nbsp;&nbsp;&nbsp;3.35% due 01/12/37<sup>3,4</sup> | 14550000 | 11064652 |
| First American Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/15/30 | 40560000 | 33967457 |
| &nbsp;&nbsp;&nbsp;2.40% due 08/15/31 | 11875000 | 8677464 |
| Macquarie Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.69% due 06/23/32<sup>3,4</sup> | 31550000 | 24210035 |
| &nbsp;&nbsp;&nbsp;2.87% due 01/14/33<sup>3,4</sup> | 17350000 | 13310620 |
| &nbsp;&nbsp;&nbsp;5.03% due 01/15/30<sup>3,4</sup> | 800000 | 752374 |
| &nbsp;&nbsp;&nbsp;1.63% due 09/23/27<sup>3,4</sup> | 720000 | 613290 |
| &nbsp;&nbsp;&nbsp;1.34% due 01/12/27<sup>3,4</sup> | 570000 | 496786 |
| OneAmerica Financial Partners, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 10/15/50<sup>4</sup> | 54430000 | 38728727 |
| Bain Capital, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.41% due 04/15/41<sup>†††</sup> | 36000000 | 23787360 |
| &nbsp;&nbsp;&nbsp;3.72% due 04/15/42<sup>†††</sup> | 20300000 | 13819834 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/01/31<sup>4</sup> | 46650000 | 35606799 |
| CBS Studio Center |  |  |
| &nbsp;&nbsp;&nbsp;6.81% (30 Day Average SOFR + 3.00%, Rate Floor: 3.00%) due 01/09/24<sup>◊,†††</sup> | 34100000 | 34441000 |
| Sumitomo Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 04/15/81<sup>3,4</sup> | 39700000 | 33119265 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>4</sup> | 39450000 | 32180548 |
| Belrose Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.33% due 08/15/30<sup>4</sup> | 38150000 | 28890489 |
| Assurant, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 01/15/32 | 36760000 | 27187978 |
| &nbsp;&nbsp;&nbsp;6.75% due 02/15/34 | 1450000 | 1451056 |
| Stewart Information Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.60% due 11/15/31 | 37100000 | 28430740 |
| NFP Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 08/15/28<sup>4</sup> | 17334000 | 14288052 |
| &nbsp;&nbsp;&nbsp;7.50% due 10/01/30<sup>4</sup> | 11950000 | 11237585 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp;2.10% due 02/11/32<sup>3,4</sup> | 33400000 | 25146625 |

---

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| | | |
|:---|:---|:---|
| Standard Chartered plc |  |  |
| &nbsp;&nbsp;&nbsp;4.64% due 04/01/31<sup>3,4</sup> | 27625000.0 | 24824846.0 |
| Americo Life, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 04/15/31<sup>4</sup> | 32210000.0 | 24494566.0 |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 02/15/31<sup>4</sup> | 18748000.0 | 15409731.0 |
| &nbsp;&nbsp;&nbsp;5.63% due 07/15/32<sup>4</sup> | 8350000.0 | 7236245.0 |
| &nbsp;&nbsp;&nbsp;4.88% due 09/15/27<sup>4</sup> | 1938000.0 | 1782185.0 |
| Trustage Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/32<sup>4</sup> | 26450000.0 | 22802499.0 |
| Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.02% due 11/18/36<sup>3</sup> | 15650000.0 | 11635262.0 |
| &nbsp;&nbsp;&nbsp;2.96% due 11/16/40 | 16600000.0 | 10960399.0 |
| Dyal Capital Partners III |  |  |
| &nbsp;&nbsp;&nbsp;4.40% due 06/15/40<sup>†††</sup> | 26750000.0 | 21960145.0 |
| Hunt Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/15/29<sup>4</sup> | 25000000.0 | 21012810.0 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 03/15/29<sup>4</sup> | 17588000.0 | 15303319.0 |
| &nbsp;&nbsp;&nbsp;4.38% due 05/15/31<sup>4</sup> | 6241000.0 | 5305783.0 |
| Manulife Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.48% due 05/19/27 | 17800000.0 | 15975135.0 |
| &nbsp;&nbsp;&nbsp;4.06% due 02/24/32<sup>3</sup> | 4815000.0 | 4384204.0 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 10/31/82<sup>3</sup> | 19200000.0 | 19968000.0 |
| Brookfield Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 03/30/51 | 18720000.0 | 11882417.0 |
| &nbsp;&nbsp;&nbsp;4.70% due 09/20/47 | 9750000.0 | 7835915.0 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/52<sup>3,4</sup> | 15980000.0 | 14766074.0 |
| &nbsp;&nbsp;&nbsp;4.35% due 04/05/42<sup>4</sup> | 4950000.0 | 4060728.0 |
| Everest Reinsurance Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 10/15/50 | 27760000.0 | 18789257.0 |
| Societe Generale S.A. |  |  |
| &nbsp;&nbsp;&nbsp;2.89% due 06/09/32<sup>3,4</sup> | 21150000.0 | 16271273.0 |
| &nbsp;&nbsp;&nbsp;1.79% due 06/09/27<sup>3,4</sup> | 1630000.0 | 1402468.0 |
| Central Storage Safety Project Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.82% due 02/01/38<sup>7</sup> | 18387680.0 | 16530344.0 |
| GA Global Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 01/06/32<sup>4</sup> | 17480000.0 | 13837080.0 |
| &nbsp;&nbsp;&nbsp;1.25% due 12/08/23<sup>4</sup> | 1650000.0 | 1583126.0 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/27/82<sup>3</sup> | 13100000.0 | 13619243.0 |
| &nbsp;&nbsp;&nbsp;2.44% due 03/11/24 | 1600000.0 | 1544741.0 |
| Kemper Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.40% due 09/30/30 | 19241000.0 | 14959363.0 |
| KKR Group Finance Company VIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 08/25/50<sup>4</sup> | 22210000.0 | 14847796.0 |
| AmFam Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.81% due 03/11/31<sup>4</sup> | 19050000.0 | 14801291.0 |
| QBE Insurance Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.88% <sup>3,4,6</sup> | 15700000.0 | 14800047.0 |
| ABN AMRO Bank N.V. |  |  |
| &nbsp;&nbsp;&nbsp;2.47% due 12/13/29<sup>3,4</sup> | 18000000.0 | 14555296.0 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | |
| **Financial - 14.1% (continued)** |  |  |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 10/01/50<sup>3</sup> | 17050000 | $14388325 |
| Assured Guaranty US Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.60% due 09/15/51 | 13780000 | 8966063 |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/31 | 6270000 | 5277096 |
| Lincoln National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 06/15/50 | 18680000 | 13903418 |
| Kennedy-Wilson, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 03/01/29 | 16062000 | 12729887 |
| PartnerRe Finance B LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/01/50<sup>3</sup> | 13970000 | 12088230 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 05/30/29 | 11125000 | 10598837 |
| Penn Mutual Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.80% due 04/29/61<sup>4</sup> | 14970000 | 9872809 |
| KKR Group Finance Company X LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 12/15/51<sup>4</sup> | 15150000 | 9589357 |
| Accident Fund Insurance Company of America |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 08/01/32<sup>4</sup> | 9000000 | 9211693 |
| Sumitomo Mitsui Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.22% due 09/17/31 | 11900000 | 9177786 |
| Western & Southern Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 04/28/61<sup>4</sup> | 13360000 | 8913634 |
| Fidelity & Guaranty Life Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/01/25<sup>4</sup> | 8050000 | 7931713 |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/15/27 | 8142000 | 7709618 |
| Ceamer Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.92% due 05/15/38<sup>†††</sup> | 7500000 | 7169325 |
| CNO Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 10/07/26<sup>4</sup> | 7400000 | 6488241 |
| Cooperatieve Rabobank UA |  |  |
| &nbsp;&nbsp;&nbsp;4.66% due 08/22/28<sup>3,4</sup> | 6200000 | 5950639 |
| NFL Trust XI SPV |  |  |
| &nbsp;&nbsp;&nbsp;3.53% due 10/05/35<sup>†††</sup> | 7000000 | 5660270 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.52% due 11/03/32<sup>3</sup> | 6900000 | 5365915 |
| Deloitte LLP |  |  |
| &nbsp;&nbsp;&nbsp;7.33% due 11/20/26<sup>†††</sup> | 4800000 | 5043264 |
| Cushman & Wakefield US Borrower LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/15/28<sup>4</sup> | 4682000 | 4468313 |
| Horace Mann Educators Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 12/01/25 | 4560000 | 4369890 |
| Brookfield Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.45% due 04/15/50 | 6820000 | 4307504 |
| HS Wildcat LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.83% due 12/31/50<sup>†††</sup> | 4993960 | 3732436 |

---

---

| | | |
|:---|:---|:---|
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.65% <sup>3,6</sup> | 2450000.0 | 1978375.0 |
| &nbsp;&nbsp;&nbsp;1.22% due 12/06/23 | 1650000.0 | 1592768.0 |
| Fort Knox Military Housing Privatization Project |  |  |
| &nbsp;&nbsp;&nbsp;5.82% due 02/15/52<sup>4</sup> | 1851678.0 | 1777903.0 |
| &nbsp;&nbsp;&nbsp;4.66% (1 Month USD LIBOR + 0.34%) due 02/15/52<sup>◊,4</sup> | 1662884.0 | 1187550.0 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;3.61% due 09/12/34<sup>3,4</sup> | 3550000.0 | 2938407.0 |
| Enstar Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.10% due 09/01/31 | 1670000.0 | 1219492.0 |
| &nbsp;&nbsp;&nbsp;4.95% due 06/01/29 | 1250000.0 | 1145540.0 |
| KKR Group Finance Company III LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 06/01/44<sup>4</sup> | 2710000.0 | 2351809.0 |
| Old Republic International Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.85% due 06/11/51 | 3229000.0 | 2214618.0 |
| New York Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;4.28% (SOFR + 0.22%) due 02/02/23<sup>◊,4</sup> | 2070000.0 | 2069533.0 |
| Home Point Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>4</sup> | 2991000.0 | 2068247.0 |
| American National Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.14% due 06/13/32<sup>4</sup> | 2000000.0 | 1891364.0 |
| Transatlantic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 11/30/39 | 1265000.0 | 1567863.0 |
| Jackson National Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 01/12/25<sup>4</sup> | 1650000.0 | 1531342.0 |
| Brighthouse Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.00% due 04/12/24<sup>4</sup> | 1620000.0 | 1525457.0 |
| Danske Bank A/S |  |  |
| &nbsp;&nbsp;&nbsp;0.98% due 09/10/25<sup>3,4</sup> | 1660000.0 | 1515568.0 |
| Western Group Housing, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 03/15/57<sup>4</sup> | 1469268.0 | 1502914.0 |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;2.67% due 06/07/31<sup>4</sup> | 1550000.0 | 1196136.0 |
| &nbsp;&nbsp;&nbsp;2.65% due 10/04/31<sup>4</sup> | 400000.0 | 305582.0 |
| Lloyds Banking Group plc |  |  |
| &nbsp;&nbsp;&nbsp;3.51% due 03/18/26<sup>3</sup> | 1580000.0 | 1501053.0 |
| Ares Finance Company IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/01/52<sup>4</sup> | 2450000.0 | 1490249.0 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.08% due 04/19/28<sup>3</sup> | 1580000.0 | 1489486.0 |
| BNP Paribas S.A. |  |  |
| &nbsp;&nbsp;&nbsp;1.32% due 01/13/27<sup>3,4</sup> | 1640000.0 | 1433402.0 |
| Mizuho Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.51% due 09/13/28<sup>3</sup> | 1400000.0 | 1400256.0 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | |
| **Financial - 14.1% (continued)** |  |  |
| Blackstone Holdings Finance Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.20% due 01/30/52<sup>4</sup> | 2150000 | $1371612 |
| Selective Insurance Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 03/01/49 | 1510000 | 1292433 |
| ING Groep N.V. |  |  |
| &nbsp;&nbsp;&nbsp;1.73% due 04/01/27<sup>3</sup> | 1360000 | 1200171 |
| Iron Mountain Information Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/32<sup>4</sup> | 1417000 | 1177102 |
| Hartford Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.10% due 10/01/41 | 1165000 | 1175895 |
| Mid-Atlantic Military Family Communities LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.24% due 08/01/50<sup>4</sup> | 1087287 | 973302 |
| Atlas Mara Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; due 12/31/21<sup>†††,7,8</sup> | 2127812 | 714945 |
| F&G Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;2.30% due 04/11/27<sup>4</sup> | 790000 | 694412 |
| Atlantic Marine Corporations Communities LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.37% due 12/01/50<sup>7</sup> | 749139 | 667164 |
| Pacific Beacon LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.51% due 07/15/36<sup>4</sup> | 500000 | 476418 |
| Swiss Re Finance Luxembourg S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/02/49<sup>3,4</sup> | 300000 | 276222 |
| Markel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 11/01/47 | 350000 | 273515 |
| Pine Street Trust I |  |  |
| &nbsp;&nbsp;&nbsp;4.57% due 02/15/29<sup>4</sup> | 250000 | 231190 |
| Peachtree Corners Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.98% due 02/15/25<sup>4</sup> | 215000 | 207535 |
| **Total Financial** |  | 2476330672 |
| **Consumer, Non-cyclical - 4.1%** |  |  |
| Altria Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 02/04/51 | 67650000 | 42370591 |
| &nbsp;&nbsp;&nbsp;3.40% due 05/06/30 | 32920000 | 28138442 |
| &nbsp;&nbsp;&nbsp;4.45% due 05/06/50 | 6120000 | 4333536 |
| CoStar Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 07/15/30<sup>4</sup> | 89110000 | 72775217 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 11/15/31 | 30265000 | 23866021 |
| &nbsp;&nbsp;&nbsp;2.90% due 05/15/30 | 19810000 | 16231668 |
| &nbsp;&nbsp;&nbsp;5.30% due 08/15/29 | 4300000 | 4157113 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.98% due 09/25/50 | 41450000 | 27123077 |
| &nbsp;&nbsp;&nbsp;4.70% due 04/02/27 | 17390000 | 16669900 |
| Smithfield Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 09/13/31<sup>4</sup> | 39050000 | 27928830 |
| &nbsp;&nbsp;&nbsp;3.00% due 10/15/30<sup>4</sup> | 15400000 | 11725453 |
| &nbsp;&nbsp;&nbsp;5.20% due 04/01/29<sup>4</sup> | 850000 | 776475 |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>4</sup> | 37328000 | 27859753 |
| &nbsp;&nbsp;&nbsp;4.63% due 06/01/30<sup>4</sup> | 14190000 | 11414815 |
| Becle, SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 10/14/31<sup>4</sup> | 44100000 | 34265700 |
| JBS USA LUX S.A. / JBS USA Food Company / JBS USA Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 05/15/32<sup>4</sup> | 29125000 | 22334525 |
| &nbsp;&nbsp;&nbsp;4.38% due 02/02/52<sup>4</sup> | 10200000 | 7210628 |
| &nbsp;&nbsp;&nbsp;5.13% due 02/01/28<sup>4</sup> | 2250000 | 2131589 |
| Triton Container International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/31<sup>4</sup> | 34700000 | 27012584 |
| Royalty Pharma plc |  |  |
| &nbsp;&nbsp;&nbsp;3.55% due 09/02/50 | 39710000 | 25376814 |
| Medline Borrower, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 04/01/29<sup>4</sup> | 29591000 | 23849162 |
| Catalent Pharma Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.13% due 02/15/29<sup>4</sup> | 19570000 | 15582123 |
| &nbsp;&nbsp;&nbsp;3.50% due 04/01/30<sup>4</sup> | 9500000 | 7501105 |
| California Institute of Technology |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 09/01/2119 | 31896000 | 20315813 |
| Emory University |  |  |
| &nbsp;&nbsp;&nbsp;2.97% due 09/01/50 | 30000000 | 20276716 |
| Yale-New Haven Health Services Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 07/01/50 | 32350000 | 19351609 |
| Kimberly-Clark de Mexico SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;2.43% due 07/01/31<sup>4</sup> | 22650000 | 18106636 |
| Universal Health Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 10/15/30<sup>4</sup> | 18660000 | 14850992 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/01/25<sup>4</sup> | 12825000 | 12325338 |
| Prime Security Services Borrower LLC / Prime Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/31/27<sup>4</sup> | 13450000 | 11609833 |
| Transurban Finance Company Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.45% due 03/16/31<sup>4</sup> | 14400000 | 11326716 |
| Spectrum Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 03/15/31<sup>4</sup> | 13475000 | 10480314 |
| &nbsp;&nbsp;&nbsp;5.50% due 07/15/30<sup>4</sup> | 717000 | 632777 |
| TriNet Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 03/01/29<sup>4</sup> | 12470000 | 10252834 |
| US Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 04/15/25<sup>4</sup> | 8464000 | 8375408 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 06/01/26 | 8915000 | 7964661 |
| WW International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 04/15/29<sup>4</sup> | 12900000 | 6444711 |
| Central Garden & Pet Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 04/30/31<sup>4</sup> | 7732000 | 6400743 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | | |
| **Consumer, Non-cyclical - 4.1% (continued)** |  |  |  |
| OhioHealth Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.04% due 11/15/50 |  | 9100000 | $6384570 |
| Syneos Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 01/15/29<sup>4</sup> |  | 7000000 | 5574415 |
| Johns Hopkins University |  |  |  |
| &nbsp;&nbsp;&nbsp;2.81% due 01/01/60 |  | 8750000 | 5463369 |
| HCA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 07/15/51 |  | 6175000 | 3961679 |
| &nbsp;&nbsp;&nbsp;3.50% due 09/01/30 |  | 1600000 | 1379962 |
| Duke University |  |  |  |
| &nbsp;&nbsp;&nbsp;2.83% due 10/01/55 |  | 7894000 | 5324732 |
| Children's Hospital Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.59% due 02/01/50 |  | 7100000 | 4321653 |
| Children's Health System of Texas |  |  |  |
| &nbsp;&nbsp;&nbsp;2.51% due 08/15/50 |  | 6500000 | 3881630 |
| APi Group DE, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/15/29<sup>4</sup> |  | 4150000 | 3439603 |
| Sotheby's/Bidfair Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.88% due 06/01/29<sup>4</sup> |  | 3900000 | 3274831 |
| CPI CG, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 03/15/26<sup>4</sup> |  | 3332000 | 3274281 |
| Wisconsin Alumni Research Foundation |  |  |  |
| &nbsp;&nbsp;&nbsp;3.56% due 10/01/49 |  | 3775000 | 2571839 |
| Providence St. Joseph Health Obligated Group |  |  |  |
| &nbsp;&nbsp;&nbsp;2.70% due 10/01/51 |  | 4250000 | 2513115 |
| Memorial Sloan-Kettering Cancer Center |  |  |  |
| &nbsp;&nbsp;&nbsp;2.96% due 01/01/50 |  | 3500000 | 2318693 |
| Tenet Healthcare Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/15/28<sup>4</sup> |  | 2056000 | 1839587 |
| Beth Israel Lahey Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.08% due 07/01/51 |  | 2700000 | 1664266 |
| Quanta Services, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.95% due 10/01/24 |  | 1660000 | 1528726 |
| Aetna, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 12/15/37 |  | 1150000 | 1233486 |
| Reynolds American, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.15% due 09/15/43 |  | 1340000 | 1195189 |
| Molina Healthcare, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 06/15/28<sup>4</sup> |  | 1290000 | 1177241 |
| Humana, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.65% due 08/03/23 |  | 1000000 | 974210 |
| Triton Container International Limited / TAL International Container Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 03/15/32 |  | 1050000 | 810653 |
| AmerisourceBergen Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.74% due 03/15/23 |  | 358000 | 354984 |
| **Total Consumer, Non-cyclical** |  |  | 723812936 |
| **Industrial - 3.3%** |  |  |  |
| Boeing Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.81% due 05/01/50 |  | 114650000 | 106300711 |
| &nbsp;&nbsp;&nbsp;5.71% due 05/01/40 |  | 68110000 | 64947140 |
| &nbsp;&nbsp;&nbsp;5.04% due 05/01/27 |  | 7150000 | 7071190 |
| FLNG Liquefaction 3 LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;3.08% due 06/30/39<sup>†††</sup> |  | 66638655 | 51023885 |
| TD SYNNEX Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 08/09/31 |  | 40600000 | 30751912 |
| &nbsp;&nbsp;&nbsp;2.38% due 08/09/28 |  | 20500000 | 16537934 |
| Cellnex Finance Company S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 07/07/41<sup>4</sup> |  | 68935000 | 47151540 |
| Vontier Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 04/01/31 |  | 34250000 | 24747954 |
| &nbsp;&nbsp;&nbsp;2.40% due 04/01/28 |  | 19150000 | 15301531 |
| Flowserve Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 10/01/30 |  | 22340000 | 18621723 |
| &nbsp;&nbsp;&nbsp;2.80% due 01/15/32 |  | 19800000 | 14831092 |
| Dyal Capital Partners IV |  |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/22/41<sup>†††</sup> |  | 41800000 | 32065198 |
| Acuity Brands Lighting, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.15% due 12/15/30 |  | 34050000 | 26148660 |
| Stadco LA, LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 05/15/56<sup>†††</sup> |  | 31000000 | 21365200 |
| Owens Corning |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 06/01/30 |  | 21890000 | 19450120 |
| GATX Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/30/30 |  | 14265000 | 12640726 |
| &nbsp;&nbsp;&nbsp;3.50% due 06/01/32 |  | 1650000 | 1381360 |
| &nbsp;&nbsp;&nbsp;4.70% due 04/01/29 |  | 400000 | 379934 |
| Weir Group plc |  |  |  |
| &nbsp;&nbsp;&nbsp;2.20% due 05/13/26<sup>4</sup> |  | 12815000 | 11364929 |
| TFI International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 01/05/33<sup>†††</sup> |  | 14000000 | 10904320 |
| Artera Services LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.03% due 12/04/25<sup>4</sup> |  | 8490000 | 7072934 |
| Norfolk Southern Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.10% due 05/15/21 |  | 9100000 | 6293294 |
| Hillenbrand, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 03/01/31 |  | 7650000 | 6273000 |
| Mueller Water Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/15/29<sup>4</sup> |  | 5750000 | 5052812 |
| Virgin Media Vendor Financing Notes III DAC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/28 | GBP | 5000000 | 4866417 |
| Huntington Ingalls Industries, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.04% due 08/16/28 |  | 5150000 | 4244879 |
| Penske Truck Leasing Company, LP / PTL Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;1.70% due 06/15/26<sup>4</sup> |  | 1620000 | 1417155 |
| Trimble, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.15% due 06/15/23 |  | 1155000 | 1146976 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | | |
| **Industrial - 3.3% (continued)** |  |  |  |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/29<sup>4</sup> |  | 677000 | $536541 |
| Howmet Aerospace, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.95% due 02/01/37 |  | 525000 | 509642 |
| Adevinta ASA |  |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 11/15/27 | EUR | 417000 | 394134 |
| Martin Marietta Materials, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.65% due 07/15/23 |  | 360000 | 350718 |
| JELD-WEN, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 05/15/25<sup>4</sup> |  | 300000 | 280603 |
| Fortune Brands Innovations, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/25/52 |  | 300000 | 225227 |
| Carlisle Companies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.55% due 09/01/23 |  | 220000 | 212874 |
| Hexcel Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.20% due 02/15/27 |  | 180000 | 166233 |
| Canadian National Railway Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.71% due 07/15/36 |  | 110000 | 121266 |
| **Total Industrial** |  |  | 572151764 |
| **Consumer, Cyclical - 3.2%** |  |  |  |
| Marriott International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 06/15/30 |  | 38685000 | 36097512 |
| &nbsp;&nbsp;&nbsp;2.85% due 04/15/31 |  | 33790000 | 27362556 |
| &nbsp;&nbsp;&nbsp;3.50% due 10/15/32 |  | 25885000 | 21532787 |
| &nbsp;&nbsp;&nbsp;2.75% due 10/15/33 |  | 25150000 | 19187134 |
| Delta Air Lines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 05/01/25<sup>4</sup> |  | 46725000 | 47750181 |
| Alt-2 Structured Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 05/14/31<sup>◊,†††</sup> |  | 53386849 | 47053567 |
| Delta Air Lines Inc. / SkyMiles IP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/20/25<sup>4</sup> |  | 45200000 | 44096297 |
| Hyatt Hotels Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 04/23/30 |  | 23885000 | 23364908 |
| &nbsp;&nbsp;&nbsp;5.63% due 04/23/25 |  | 18750000 | 18605331 |
| &nbsp;&nbsp;&nbsp;1.30% due 10/01/23 |  | 1660000 | 1613611 |
| Hilton Domestic Operating Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 05/01/29<sup>4</sup> |  | 34089000 | 29486985 |
| &nbsp;&nbsp;&nbsp;4.00% due 05/01/31<sup>4</sup> |  | 5900000 | 4936117 |
| &nbsp;&nbsp;&nbsp;3.63% due 02/15/32<sup>4</sup> |  | 1900000 | 1521520 |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/20/27<sup>4</sup> |  | 35057259 | 34853992 |
| Choice Hotels International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 01/15/31 |  | 40900000 | 34669044 |
| Ferguson Finance plc |  |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 06/02/30<sup>4</sup> |  | 17904000 | 15180123 |
| &nbsp;&nbsp;&nbsp;4.65% due 04/20/32<sup>4</sup> |  | 5200000 | 4732326 |
| Warnermedia Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.14% due 03/15/52<sup>4</sup> |  | 27350000 | 19882532 |
| British Airways Class A Pass Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2.90% due 03/15/35<sup>4</sup> |  | 15153927 | 12335704 |
| &nbsp;&nbsp;&nbsp;4.25% due 11/15/32<sup>4</sup> |  | 5210321 | 4660817 |
| 1011778 BC ULC / New Red Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 10/15/30<sup>4</sup> |  | 13135000 | 10636854 |
| &nbsp;&nbsp;&nbsp;3.88% due 01/15/28<sup>4</sup> |  | 6940000 | 6208146 |
| American Airlines Class AA Pass Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 10/15/29 |  | 8498715 | 7336833 |
| &nbsp;&nbsp;&nbsp;3.20% due 06/15/28 |  | 5324300 | 4617352 |
| &nbsp;&nbsp;&nbsp;3.00% due 10/15/28 |  | 3852680 | 3338269 |
| &nbsp;&nbsp;&nbsp;3.15% due 02/15/32 |  | 159919 | 132342 |
| Steelcase, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 01/18/29 |  | 17427000 | 15182577 |
| Whirlpool Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.60% due 05/15/50 |  | 16920000 | 13449681 |
| Walgreens Boots Alliance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.10% due 04/15/50 |  | 15178000 | 11165618 |
| WMG Acquisition Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 02/15/31<sup>4</sup> |  | 12444000 | 9943876 |
| Air Canada |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 08/15/26<sup>4</sup> |  | 8650000 | 7661588 |
| Levi Strauss & Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 03/01/31<sup>4</sup> |  | 6100000 | 4841509 |
| Allison Transmission, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 01/30/31<sup>4</sup> |  | 5411000 | 4450548 |
| Delta Air Lines, Inc. / SkyMiles IP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 10/20/28<sup>4</sup> |  | 3800000 | 3571898 |
| JB Poindexter & Company, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/15/26<sup>4</sup> |  | 2850000 | 2750250 |
| United Airlines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 04/15/26<sup>4</sup> |  | 1750000 | 1622121 |
| Brunswick Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.10% due 04/01/52 |  | 2030000 | 1458746 |
| PulteGroup, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 05/15/33 |  | 1400000 | 1396575 |
| HP Communities LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;5.86% due 09/15/53<sup>4</sup> |  | 1420000 | 1349621 |
| Lear Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 05/15/49 |  | 1360000 | 1113492 |
| NVR, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 05/15/30 |  | 1200000 | 1007391 |
| JetBlue Class A Pass Through Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 11/15/32 |  | 130369 | 115906 |
| **Total Consumer, Cyclical** |  |  | 562274237 |
| **Communications - 2.3%** |  |  |  |
| Level 3 Financing, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 01/15/29<sup>4</sup> |  | 34600000 | 25335539 |
| &nbsp;&nbsp;&nbsp;4.25% due 07/01/28<sup>4</sup> |  | 30998000 | 24417125 |
| &nbsp;&nbsp;&nbsp;3.88% due 11/15/29<sup>4</sup> |  | 20300000 | 16019448 |
| &nbsp;&nbsp;&nbsp;3.75% due 07/15/29<sup>4</sup> |  | 13950000 | 10035214 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | |
| **Communications - 2.3% (continued)** |  |  |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |
| &nbsp;&nbsp;&nbsp;2.80% due 04/01/31 | 53050000 | $41299836 |
| &nbsp;&nbsp;&nbsp;3.90% due 06/01/52 | 21650000 | 13592443 |
| &nbsp;&nbsp;&nbsp;2.25% due 01/15/29 | 2500000 | 2012193 |
| British Telecommunications plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 11/23/81<sup>3,4</sup> | 47450000 | 37328592 |
| &nbsp;&nbsp;&nbsp;4.25% due 11/23/81<sup>3,4</sup> | 8250000 | 6901781 |
| &nbsp;&nbsp;&nbsp;9.63% due 12/15/30 | 2310000 | 2766292 |
| Vodafone Group plc |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 06/04/81<sup>3</sup> | 40375000 | 29966782 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;4.95% due 05/19/50 | 39600000 | 28805755 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.55% due 03/15/52<sup>4</sup> | 29625000 | 22967849 |
| Altice France S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>4</sup> | 17600000 | 13195480 |
| &nbsp;&nbsp;&nbsp;5.13% due 01/15/29<sup>4</sup> | 2290000 | 1721876 |
| Virgin Media Secured Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 08/15/30<sup>4</sup> | 17850000 | 14912336 |
| Go Daddy Operating Company LLC / GD Finance Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 03/01/29<sup>4</sup> | 16888000 | 14138497 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 02/15/31<sup>4</sup> | 14175000 | 9244018 |
| &nbsp;&nbsp;&nbsp;4.13% due 12/01/30<sup>4</sup> | 5741000 | 4052170 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 04/15/26 | 13850000 | 12692294 |
| VeriSign, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.70% due 06/15/31 | 13162000 | 10719349 |
| Sirius XM Radio, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 07/01/30<sup>4</sup> | 12010000 | 9910772 |
| LCPR Senior Secured Financing DAC |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>4</sup> | 10838000 | 8978288 |
| Radiate Holdco LLC / Radiate Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/26<sup>4</sup> | 11415000 | 8386600 |
| Virgin Media Vendor Financing Notes IV DAC |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/28<sup>4</sup> | 6450000 | 5637992 |
| McGraw-Hill Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>4</sup> | 6033000 | 5069952 |
| Lamar Media Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 01/15/31 | 3876000 | 3204396 |
| UPC Broadband Finco BV |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/31<sup>4</sup> | 3450000 | 2869693 |
| Corning, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 11/15/57 | 2500000 | 1938283 |
| Interpublic Group of Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 03/01/41 | 1950000 | 1368238 |
| &nbsp;&nbsp;&nbsp;2.40% due 03/01/31 | 350000 | 276259 |
| Ziggo BV |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 01/15/30<sup>4</sup> | 1958000 | 1638396 |
| Koninklijke KPN N.V. |  |  |
| &nbsp;&nbsp;&nbsp;8.38% due 10/01/30 | 1140000 | 1272946 |
| Match Group Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 08/01/30<sup>4</sup> | 1250000 | 1020460 |
| Virgin Media Finance plc |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/30<sup>4</sup> | 850000 | 681751 |
| Motorola Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 09/01/44 | 360000 | 324138 |
| **Total Communications** |  | 394703033 |
| **Energy - 1.3%** |  |  |
| BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% <sup>3,6</sup> | 114865000 | 100506875 |
| Galaxy Pipeline Assets Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 09/30/40<sup>4</sup> | 43921000 | 33959191 |
| &nbsp;&nbsp;&nbsp;2.94% due 09/30/40<sup>4</sup> | 20010071 | 16066035 |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 08/01/29<sup>4</sup> | 38356000 | 32301122 |
| Midwest Connector Capital Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/01/29<sup>4</sup> | 15975000 | 14431741 |
| NuStar Logistics, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30 | 13028000 | 12046532 |
| &nbsp;&nbsp;&nbsp;5.63% due 04/28/27 | 1799000 | 1682168 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/01/30<sup>4</sup> | 8000000 | 6620000 |
| DT Midstream, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 04/15/32<sup>4</sup> | 3250000 | 2855271 |
| &nbsp;&nbsp;&nbsp;4.13% due 06/15/29<sup>4</sup> | 550000 | 472510 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 04/15/32 | 2530000 | 2843647 |
| &nbsp;&nbsp;&nbsp;4.00% due 06/01/52 | 290000 | 217856 |
| Halliburton Co. |  |  |
| &nbsp;&nbsp;&nbsp;7.45% due 09/15/39 | 1100000 | 1240393 |
| Enterprise Products Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.10% due 02/15/45 | 1340000 | 1204256 |
| Magellan Midstream Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 03/01/50 | 1600000 | 1170832 |
| Enbridge Energy Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/15/45 | 1040000 | 1161653 |
| ONEOK Partners, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 09/15/43 | 680000 | 645590 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/15/50 | 850000 | 632925 |
| **Total Energy** |  | 230058597 |
| **Basic Materials - 1.2%** |  |  |
| Newcrest Finance Pty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.25% due 05/13/30<sup>4</sup> | 48900000 | 40809282 |
| &nbsp;&nbsp;&nbsp;4.20% due 05/13/50<sup>4</sup> | 26390000 | 18641236 |
| Anglo American Capital plc |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 04/01/30<sup>4</sup> | 21100000 | 20946730 |
| &nbsp;&nbsp;&nbsp;2.63% due 09/10/30<sup>4</sup> | 18000000 | 14628329 |
| &nbsp;&nbsp;&nbsp;3.95% due 09/10/50<sup>4</sup> | 14140000 | 10326930 |
| &nbsp;&nbsp;&nbsp;2.88% due 03/17/31<sup>4</sup> | 70000 | 57156 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 31.1% (continued)** | | | |
| **Basic Materials - 1.2% (continued)** |  |  |  |
| Alcoa Nederland Holding BV |  |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 03/31/29<sup>4</sup> |  | 8600000 | $7629564 |
| &nbsp;&nbsp;&nbsp;5.50% due 12/15/27<sup>4</sup> |  | 6525000 | 6287886 |
| &nbsp;&nbsp;&nbsp;6.13% due 05/15/28<sup>4</sup> |  | 2800000 | 2758336 |
| Minerals Technologies, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/01/28<sup>4</sup> |  | 18630000 | 16591878 |
| Valvoline, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 06/15/31<sup>4</sup> |  | 18300000 | 15015699 |
| Yamana Gold, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 08/15/31 |  | 14350000 | 10715474 |
| &nbsp;&nbsp;&nbsp;4.63% due 12/15/27 |  | 3000000 | 2808220 |
| Reliance Steel & Aluminum Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.15% due 08/15/30 |  | 12040000 | 9481066 |
| INEOS Quattro Finance 2 plc |  |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 01/15/26 | EUR | 8500000 | 7714763 |
| Steel Dynamics, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.40% due 06/15/25 |  | 5950000 | 5579197 |
| Nucor Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.00% due 06/01/25 |  | 5000000 | 4653185 |
| Southern Copper Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 07/27/35 |  | 1250000 | 1451888 |
| Albemarle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.45% due 12/01/44 |  | 1500000 | 1355457 |
| ArcelorMittal S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 03/01/41 |  | 1000000 | 964300 |
| **Total Basic Materials** |  |  | 198416576 |
| **Technology - 1.1%** |  |  |  |
| Broadcom, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.93% due 05/15/37<sup>4</sup> |  | 33182000 | 28946824 |
| &nbsp;&nbsp;&nbsp;4.15% due 11/15/30 |  | 19480000 | 17457044 |
| &nbsp;&nbsp;&nbsp;3.19% due 11/15/36<sup>4</sup> |  | 3135000 | 2251833 |
| &nbsp;&nbsp;&nbsp;2.60% due 02/15/33<sup>4</sup> |  | 1660000 | 1245991 |
| CDW LLC / CDW Finance Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.57% due 12/01/31 |  | 42240000 | 34807289 |
| Oracle Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 03/25/51 |  | 38750000 | 27607021 |
| &nbsp;&nbsp;&nbsp;6.13% due 07/08/39 |  | 1190000 | 1183658 |
| Qorvo, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 10/15/29 |  | 21000000 | 18569040 |
| &nbsp;&nbsp;&nbsp;3.38% due 04/01/31<sup>4</sup> |  | 8675000 | 6969833 |
| Leidos, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.30% due 02/15/31 |  | 20050000 | 15359412 |
| &nbsp;&nbsp;&nbsp;4.38% due 05/15/30 |  | 2650000 | 2389662 |
| MSCI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.63% due 09/01/30<sup>4</sup> |  | 17718000 | 14728087 |
| &nbsp;&nbsp;&nbsp;3.88% due 02/15/31<sup>4</sup> |  | 1769000 | 1470791 |
| CGI, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.30% due 09/14/31 |  | 16050000 | 12186659 |
| Booz Allen Hamilton, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 09/01/28<sup>4</sup> |  | 4550000 | 4031130 |
| Microchip Technology, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.97% due 02/15/24 |  | 1650000 | 1566886 |
| Skyworks Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.90% due 06/01/23 |  | 500000 | 490109 |
| **Total Technology** |  |  | 191261269 |
| **Utilities - 0.5%** |  |  |  |
| AES Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;3.95% due 07/15/30<sup>4</sup> |  | 27890000 | 24598980 |
| &nbsp;&nbsp;&nbsp;3.30% due 07/15/25<sup>4</sup> |  | 3750000 | 3535877 |
| NRG Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;2.45% due 12/02/27<sup>4</sup> |  | 26000000 | 21542426 |
| Alexander Funding Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;1.84% due 11/15/23<sup>4</sup> |  | 14400000 | 13794506 |
| Enel Finance America LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 07/12/41<sup>4</sup> |  | 19800000 | 11877573 |
| Clearway Energy Operating LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 02/15/31<sup>4</sup> |  | 9430000 | 7829248 |
| Entergy Texas, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;1.50% due 09/01/26 |  | 1650000 | 1434390 |
| Indiana Michigan Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.05% due 03/15/37 |  | 1310000 | 1350288 |
| Nevada Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.65% due 04/01/36 |  | 1180000 | 1285810 |
| Southern Power Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 07/15/43 |  | 1350000 | 1216891 |
| Consolidated Edison Company of New York, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.10% due 06/15/33 |  | 1080000 | 1033540 |
| Dominion Energy, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.30% (3 Month USD LIBOR + 0.53%) due 09/15/23<sup>◊</sup> |  | 1030000 | 1027963 |
| Atmos Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.63% due 03/09/23 |  | 800000 | 794115 |
| OGE Energy Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;0.70% due 05/26/23 |  | 360000 | 353619 |
| IPALCO Enterprises, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 05/01/30 |  | 212000 | 188335 |
| **Total Utilities** |  |  | 91863561 |
| **Collateralized Loan Obligations - 0.0%** |  |  |  |
| Fontainbleau Vegas |  |  |  |
| &nbsp;&nbsp;&nbsp;2.29% (1 Month Term SOFR + 5.65%, Rate Floor: 5.65%) due 09/30/25<sup>◊</sup> |  | 5263449 | 5277976 |
| **Total Corporate Bonds** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,796,518,236) |  |  | 5446150621 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8%** |  |  |  |
| **Collateralized Loan Obligations - 16.5%** |  |  |  |
| LCCM Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 A, 5.77% (1 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 11/15/38<sup>◊,4</sup> |  | 98500000 | 94445760 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 AS, 6.12% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/15/38<sup>◊,4</sup> | 36950000 | $34824241 |
| &nbsp;&nbsp;&nbsp;2021-FL3 B, 6.52% (1 Month USD LIBOR + 2.20%, Rate Floor: 2.20%) due 11/15/38<sup>◊,4</sup> | 21450000 | 20270020 |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-CRE6 B, 6.22% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 11/15/38<sup>◊,4</sup> | 44000000 | 41926438 |
| &nbsp;&nbsp;&nbsp;2021-CRE4 C, 5.62% (30 Day Average SOFR + 1.81%, Rate Floor: 1.70%) due 07/15/35<sup>◊,4</sup> | 25982000 | 24767778 |
| &nbsp;&nbsp;&nbsp;2021-CRE6 C, 6.62% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 11/15/38<sup>◊,4</sup> | 22825000 | 21530982 |
| &nbsp;&nbsp;&nbsp;2019-CRE2 AS, 5.82% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/36<sup>◊,4</sup> | 17461429 | 17272196 |
| &nbsp;&nbsp;&nbsp;2021-CRE5 D, 7.32% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 07/15/36<sup>◊,4</sup> | 14350000 | 13088675 |
| &nbsp;&nbsp;&nbsp;2019-CRE2 B, 6.02% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 05/15/36<sup>◊,4</sup> | 11575000 | 11237524 |
| &nbsp;&nbsp;&nbsp;2021-CRE4 D, 6.42% (30 Day Average SOFR + 2.61%, Rate Floor: 2.50%) due 07/15/35<sup>◊,7</sup> | 5600000 | 5370235 |
| &nbsp;&nbsp;&nbsp;2019-CRE3 B, 5.92% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/15/34<sup>◊,7</sup> | 4410000 | 4371750 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-FL2 A, 5.34% (1 Month Term SOFR + 1.01%, Rate Floor: 0.90%) due 02/15/38<sup>◊,4</sup> | 58600454 | 57861537 |
| &nbsp;&nbsp;&nbsp;2020-FL3 AS, 5.67% (30 Day Average SOFR + 1.86%, Rate Floor: 1.75%) due 11/15/37<sup>◊,4</sup> | 23550000 | 22891789 |
| &nbsp;&nbsp;&nbsp;2020-FL2 B, 5.84% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 02/15/38<sup>◊,4</sup> | 16000000 | 15560827 |
| &nbsp;&nbsp;&nbsp;2020-FL3 C, 6.47% (30 Day Average SOFR + 2.66%, Rate Floor: 2.55%) due 11/15/37<sup>◊,4</sup> | 16125000 | 15392237 |
| &nbsp;&nbsp;&nbsp;2020-FL3 B, 6.07% (30 Day Average SOFR + 2.26%, Rate Floor: 2.15%) due 11/15/37<sup>◊,4,7</sup> | 10600000 | 10295172 |
| &nbsp;&nbsp;&nbsp;2020-FL2 C, 6.09% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 02/15/38<sup>◊,4,7</sup> | 5360000 | 5160817 |
| &nbsp;&nbsp;&nbsp;2020-FL2 AS, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 02/15/38<sup>◊,4,7</sup> | 5200000 | 5100439 |
| Cerberus Loan Funding XXX, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A A, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/33<sup>◊,4</sup> | 100000001 | 97817890 |
| &nbsp;&nbsp;&nbsp;2020-3A B, 6.58% (3 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 01/15/33<sup>◊,4</sup> | 10200000 | 9777808 |
| Woodmont Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A A1A, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/15/32<sup>◊,4</sup> | 83000000 | 82250087 |
| &nbsp;&nbsp;&nbsp;2020-7A B, 6.68% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 01/15/32<sup>◊,4</sup> | 13500000 | 13060661 |
| &nbsp;&nbsp;&nbsp;2020-7A A2, 6.33% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/15/32<sup>◊,4</sup> | 7000000 | 6849752 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| Cerberus Loan Funding XXXII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A, 5.70% (3 Month USD LIBOR + 1.62%, Rate Floor: 1.62%) due 04/22/33<sup>◊,4</sup> | 65000000 | $62475471 |
| &nbsp;&nbsp;&nbsp;2021-2A C, 6.93% (3 Month USD LIBOR + 2.85%, Rate Floor: 2.85%) due 04/22/33<sup>◊,4</sup> | 20925000 | 19410769 |
| &nbsp;&nbsp;&nbsp;2021-2A B, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/22/33<sup>◊,4</sup> | 19200000 | 18180259 |
| HERA Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 5.94% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 02/18/38<sup>◊,4</sup> | 49562000 | 46143659 |
| &nbsp;&nbsp;&nbsp;2021-FL1 AS, 5.64% (1 Month USD LIBOR + 1.30%, Rate Floor: 1.30%) due 02/18/38<sup>◊,4</sup> | 28000000 | 26163704 |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.29% (1 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 02/18/38<sup>◊,4</sup> | 19200000 | 17946518 |
| &nbsp;&nbsp;&nbsp;2021-FL1 A, 5.39% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 02/18/38<sup>◊,7</sup> | 10000000 | 9649236 |
| Golub Capital Partners CLO 33M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-33A AR2, 6.62% (3 Month USD LIBOR + 1.86%, Rate Floor: 1.86%) due 08/25/33<sup>◊,4</sup> | 104600000 | 97437002 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A A2, 5.46% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 04/15/30<sup>◊,4</sup> | 23000000 | 22129195 |
| &nbsp;&nbsp;&nbsp;2021-3A B, 5.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 07/20/29<sup>◊,4</sup> | 22500000 | 21302561 |
| &nbsp;&nbsp;&nbsp;2021-1A A2, 5.49% (3 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 04/20/29<sup>◊,4</sup> | 19000000 | 18443610 |
| &nbsp;&nbsp;&nbsp;2021-2A B, 6.08% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 05/20/29<sup>◊,4</sup> | 10500000 | 10030538 |
| &nbsp;&nbsp;&nbsp;2021-1A B, 6.04% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 04/20/29<sup>◊,4</sup> | 7100000 | 6808653 |
| &nbsp;&nbsp;&nbsp;2021-2A C, 7.08% (3 Month USD LIBOR + 2.40%, Rate Floor: 2.40%) due 05/20/29<sup>◊,4</sup> | 7000000 | 6663274 |
| ABPCI Direct Lending Fund CLO II LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.84% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/20/32<sup>◊,4</sup> | 83450000 | 80399427 |
| Cerberus Loan Funding XXXI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/32<sup>◊,4</sup> | 68987961 | 67852295 |
| &nbsp;&nbsp;&nbsp;2021-1A C, 6.68% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 04/15/32<sup>◊,4</sup> | 12000000 | 11393968 |
| Golub Capital Partners CLO 36M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-36A A, 5.83% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 02/05/31<sup>◊,4</sup> | 76300000 | 74721193 |
| ABPCI Direct Lending Fund CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A1R, 5.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/20/31<sup>◊,4</sup> | 50650000 | 49317946 |
| &nbsp;&nbsp;&nbsp;2021-5A A2R, 6.14% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/20/31<sup>◊,4</sup> | 15975000 | 15221237 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| THL Credit Lake Shore MM CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.78% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 04/15/33<sup>◊,4</sup> | 33500000 | $32685588 |
| &nbsp;&nbsp;&nbsp;2021-1A BR, 6.08% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 04/15/33<sup>◊,4</sup> | 30400000 | 28826894 |
| KREF Funding V LLC |  |  |
| &nbsp;&nbsp;&nbsp; 6.07% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/25/26<sup>◊,†††</sup> | 61764895 | 61465336 |
| &nbsp;&nbsp;&nbsp; 0.15% due 06/25/26<sup>†††,9</sup> | 313636364 | 12545 |
| ABPCI Direct Lending Fund CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1A2, 5.94% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 07/20/33<sup>◊,4</sup> | 59500000 | 57205995 |
| &nbsp;&nbsp;&nbsp;2021-1A B12, 6.24% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 07/20/33<sup>◊,4</sup> | 2500000 | 2347243 |
| ABPCI Direct Lending Fund IX LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A1R, 5.76% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/18/31<sup>◊,4</sup> | 34150000 | 33172569 |
| &nbsp;&nbsp;&nbsp;2021-9A A2R, 6.16% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/18/31<sup>◊,4</sup> | 26000000 | 24946329 |
| Cerberus Loan Funding XXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A AR, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/31<sup>◊,4</sup> | 55700000 | 54879684 |
| &nbsp;&nbsp;&nbsp;2021-1A BR, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 04/15/31<sup>◊,4</sup> | 3250000 | 3170638 |
| CHCP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 A, 5.49% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/15/38<sup>◊,4</sup> | 26274365 | 25495753 |
| &nbsp;&nbsp;&nbsp;2021-FL1 AS, 5.74% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/38<sup>◊,4</sup> | 22250000 | 21346156 |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 6.09% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 02/15/38<sup>◊,4,7</sup> | 6600000 | 6303528 |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.54% (1 Month Term SOFR + 2.21%, Rate Floor: 2.10%) due 02/15/38<sup>◊,4,7</sup> | 2950000 | 2734272 |
| Fortress Credit Opportunities IX CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A2TR, 5.88% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 10/15/33<sup>◊,4</sup> | 46200000 | 43326568 |
| &nbsp;&nbsp;&nbsp;2021-9A BR, 6.03% (3 Month USD LIBOR + 1.95%, Rate Floor: 1.95%) due 10/15/33<sup>◊,4</sup> | 6700000 | 6145915 |
| &nbsp;&nbsp;&nbsp;2021-9A A1TR, 5.63% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 10/15/33<sup>◊,4</sup> | 3450000 | 3299072 |
| FS Rialto |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 C, 6.38% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 11/16/36<sup>◊,4</sup> | 31150000 | 29451300 |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.38% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 05/16/38<sup>◊,4</sup> | 15665000 | 14923615 |
| &nbsp;&nbsp;&nbsp;2021-FL3 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/16/36<sup>◊,7</sup> | 8000000 | 7613849 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| Owl Rock CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A A1R, 6.28% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/20/33<sup>◊,4</sup> | 36500000 | $34873852 |
| &nbsp;&nbsp;&nbsp;2021-4A A2R, 6.58% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 08/20/33<sup>◊,4</sup> | 16750000 | 15654661 |
| ABPCI Direct Lending Fund CLO VII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-7A A1R, 5.79% (3 Month USD LIBOR + 1.43%, Rate Floor: 1.43%) due 10/20/31<sup>◊,4</sup> | 39500000 | 38066983 |
| &nbsp;&nbsp;&nbsp;2021-7A A2R, 6.21% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 10/20/31<sup>◊,4</sup> | 8250000 | 7820057 |
| Fortress Credit Opportunities XI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-11A A1T, 5.38% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/31<sup>◊,4</sup> | 44300000 | 43270012 |
| &nbsp;&nbsp;&nbsp;2018-11A C, 6.58% (3 Month USD LIBOR + 2.50%, Rate Floor: 0.00%) due 04/15/31<sup>◊,4</sup> | 2300000 | 2155197 |
| Cerberus Loan Funding XXXIII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A, 5.64% (3 Month USD LIBOR + 1.56%, Rate Floor: 1.56%) due 07/23/33<sup>◊,4</sup> | 34500000 | 33068974 |
| &nbsp;&nbsp;&nbsp;2021-3A B, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 07/23/33<sup>◊,4</sup> | 9500000 | 8702557 |
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A B, 5.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/20/33<sup>◊,4</sup> | 35900000 | 34524840 |
| &nbsp;&nbsp;&nbsp;2021-9A C, 6.04% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 01/20/33<sup>◊,4</sup> | 3900000 | 3641973 |
| Cerberus Loan Funding XXXV, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 09/22/33<sup>◊,4</sup> | 30750000 | 29320964 |
| &nbsp;&nbsp;&nbsp;2021-5A B, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 09/22/33<sup>◊,4</sup> | 8000000 | 7490776 |
| ACRES Commercial Realty Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.33% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 06/15/36<sup>◊,4</sup> | 13092000 | 12402071 |
| &nbsp;&nbsp;&nbsp;2021-FL1 D, 6.98% (1 Month USD LIBOR + 2.65%, Rate Floor: 2.65%) due 06/15/36<sup>◊,4</sup> | 11750000 | 11133970 |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 6.58% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/15/37<sup>◊,7</sup> | 10100000 | 9751862 |
| &nbsp;&nbsp;&nbsp;2021-FL2 AS, 6.08% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 01/15/37<sup>◊,7</sup> | 3500000 | 3345217 |
| LCM XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-24A BR, 5.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 0.00%) due 03/20/30<sup>◊,4</sup> | 24200000 | 23351807 |
| &nbsp;&nbsp;&nbsp;2021-24A CR, 6.14% (3 Month USD LIBOR + 1.90%, Rate Floor: 0.00%) due 03/20/30<sup>◊,4</sup> | 13050000 | 12078943 |
| Golub Capital Partners CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16A A1R2, 5.97% (3 Month USD LIBOR + 1.61%, Rate Floor: 1.61%) due 07/25/33<sup>◊,4</sup> | 26750000 | 25627351 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2021-16A A2R2, 6.16% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 07/25/33<sup>◊,4</sup> | 9000000 | $8590318 |
| Madison Park Funding XLVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-48A B, 5.68% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/19/33<sup>◊,4</sup> | 27500000 | 26590789 |
| &nbsp;&nbsp;&nbsp;2021-48A C, 6.23% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 04/19/33<sup>◊,4</sup> | 5900000 | 5591592 |
| Golub Capital Partners CLO 49M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-49A BR, 6.14% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 08/26/33<sup>◊,4</sup> | 21695000 | 19843386 |
| &nbsp;&nbsp;&nbsp;2021-49A CR, 6.84% (3 Month USD LIBOR + 2.60%, Rate Floor: 2.60%) due 08/26/33<sup>◊,4</sup> | 12600000 | 10997596 |
| BDS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL9 C, 6.24% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 11/16/38<sup>◊,4</sup> | 19500000 | 18203851 |
| &nbsp;&nbsp;&nbsp;2020-FL5 B, 6.24% (1 Month Term SOFR + 1.91%, Rate Floor: 1.80%) due 02/16/37<sup>◊,7</sup> | 4400000 | 4318580 |
| &nbsp;&nbsp;&nbsp;2021-FL9 D, 6.59% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 11/16/38<sup>◊,7</sup> | 4400000 | 4024814 |
| &nbsp;&nbsp;&nbsp;2020-FL5 AS, 5.79% (1 Month Term SOFR + 1.46%, Rate Floor: 1.35%) due 02/16/37<sup>◊,7</sup> | 3200000 | 3146057 |
| Golub Capital Partners CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-17A A1R, 6.01% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/30<sup>◊,4</sup> | 29900000 | 29415378 |
| BCC Middle Market CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 10/15/33<sup>◊,4</sup> | 30450000 | 29398787 |
| Neuberger Berman Loan Advisers CLO 40 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-40A B, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/16/33<sup>◊,4</sup> | 26700000 | 25731116 |
| &nbsp;&nbsp;&nbsp;2021-40A C, 5.83% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 04/16/33<sup>◊,4</sup> | 2000000 | 1868480 |
| MidOcean Credit CLO VII |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A BR, 5.68% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/15/29<sup>◊,4</sup> | 27500000 | 26503606 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-4A A2RR, 5.78% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/24/29<sup>◊,4</sup> | 25500000 | 24992397 |
| STWD Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-FL1 B, 6.04% (1 Month Term SOFR + 1.71%, Rate Floor: 1.60%) due 07/15/38<sup>◊,4</sup> | 11210000 | 10959933 |
| &nbsp;&nbsp;&nbsp;2019-FL1 C, 6.39% (1 Month Term SOFR + 2.06%, Rate Floor: 1.95%) due 07/15/38<sup>◊,7</sup> | 8800000 | 8540491 |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.43% (1 Month USD LIBOR + 2.10%, Rate Floor: 2.10%) due 04/18/38<sup>◊,7</sup> | 2820000 | 2630241 |
| &nbsp;&nbsp;&nbsp;2019-FL1 AS, 5.84% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 07/15/38<sup>◊,7</sup> | 2200000 | 2162170 |
| BSPDF Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 C, 6.57% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 10/15/36<sup>◊,4</sup> | 15300000 | 14277440 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 6.12% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 10/15/36<sup>◊,7</sup> | 6500000 | $6126817 |
| &nbsp;&nbsp;&nbsp;2021-FL1 D, 7.07% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 10/15/36<sup>◊,7</sup> | 3500000 | 3107684 |
| Madison Park Funding LIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-53A B, 5.74% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35<sup>◊,4</sup> | 24000000 | 22834049 |
| Venture XIV CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-14A CRR, 6.99% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 08/28/29<sup>◊,4</sup> | 22725000 | 21942846 |
| Magnetite XXIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-29A B, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 01/15/34<sup>◊,4</sup> | 15100000 | 14575141 |
| &nbsp;&nbsp;&nbsp;2021-29A C, 5.73% (3 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 01/15/34<sup>◊,4</sup> | 7700000 | 7228721 |
| Apres Static CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A A2R, 5.78% (3 Month USD LIBOR + 1.70%, Rate Floor: 0.00%) due 10/15/28<sup>◊,4</sup> | 21750000 | 21400778 |
| NewStar Fairfield Fund CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A A1N, 5.51% (3 Month USD LIBOR + 1.27%, Rate Floor: 1.27%) due 04/20/30<sup>◊,4</sup> | 21171638 | 20863785 |
| Golub Capital Partners CLO 54M L.P |  |  |
| &nbsp;&nbsp;&nbsp;2021-54A B, 6.38% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 08/05/33<sup>◊,4</sup> | 21000000 | 19586820 |
| Marathon CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-5A A2R, 6.13% (3 Month USD LIBOR + 1.45%, Rate Floor: 0.00%) due 11/21/27<sup>◊,4</sup> | 18020137 | 17894738 |
| &nbsp;&nbsp;&nbsp;2017-5A A1R, 5.55% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/27<sup>◊,4</sup> | 519506 | 518294 |
| AMMC CLO XIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-14A A2R2, 5.76% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 07/25/29<sup>◊,4</sup> | 18290000 | 17968336 |
| Recette CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A BRR, 5.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 0.00%) due 04/20/34<sup>◊,4</sup> | 9800000 | 9308694 |
| &nbsp;&nbsp;&nbsp;2021-1A CRR, 5.99% (3 Month USD LIBOR + 1.75%, Rate Floor: 0.00%) due 04/20/34<sup>◊,4</sup> | 9200000 | 8417856 |
| Anchorage Capital CLO 6 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A CRR, 6.28% (3 Month USD LIBOR + 2.20%, Rate Floor: 2.20%) due 07/15/30<sup>◊,4</sup> | 18585000 | 17641252 |
| Neuberger Berman Loan Advisers CLO 32 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-32A BR, 5.63% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 01/20/32<sup>◊,4</sup> | 14100000 | 13628956 |
| &nbsp;&nbsp;&nbsp;2021-32A CR, 5.93% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 01/20/32<sup>◊,4</sup> | 4200000 | 3932899 |
| BSPRT Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL7 C, 6.62% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 12/15/38<sup>◊,7</sup> | 7250000 | 6903691 |
| &nbsp;&nbsp;&nbsp;2021-FL6 C, 6.37% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 03/15/36<sup>◊,7</sup> | 5550000 | 5221721 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL7 B, 6.37% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 12/15/38<sup>◊,7</sup> | 4875000 | $4685241 |
| Owl Rock CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A B1, 6.50% (3 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 06/21/32<sup>◊,4</sup> | 17450000 | 16809065 |
| KREF |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.33% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 02/15/39<sup>◊,4</sup> | 16600000 | 15863279 |
| Owl Rock CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A ALR, 5.79% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 04/20/33<sup>◊,4</sup> | 15600000 | 15068001 |
| Dryden 36 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2020-36A CR3, 6.13% (3 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 04/15/29<sup>◊,4</sup> | 15200000 | 14567695 |
| GPMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-FL2 C, 6.70% (1 Month USD LIBOR + 2.35%, Rate Floor: 2.35%) due 02/22/36<sup>◊,4</sup> | 13587897 | 13543177 |
| Golub Capital Partners CLO 25M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-25A AR, 5.91% (3 Month USD LIBOR + 1.38%, Rate Floor: 1.38%) due 05/05/30<sup>◊,4</sup> | 13078511 | 12856307 |
| Octagon Investment Partners 49 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A B, 5.63% (3 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 01/15/33<sup>◊,4</sup> | 12800000 | 12328187 |
| Greystone Commercial Real Estate Notes |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 C, 6.32% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 07/15/39<sup>◊,4</sup> | 12000000 | 11042752 |
| Lake Shore MM CLO III LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A1R, 5.56% (3 Month USD LIBOR + 1.48%, Rate Floor: 1.48%) due 10/17/31<sup>◊,4</sup> | 10000000 | 9798668 |
| Neuberger Berman CLO XVI-S Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16SA BR, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 04/15/34<sup>◊,4</sup> | 10200000 | 9719892 |
| Golub Capital Partners CLO 54M, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-54A A, 6.06% (3 Month USD LIBOR + 1.53%, Rate Floor: 1.53%) due 08/05/33<sup>◊,4</sup> | 10000000 | 9533537 |
| Neuberger Berman Loan Advisers CLO 47 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-47A B, 5.63% (3 Month Term SOFR + 1.80%, Rate Floor: 1.80%) due 04/14/35<sup>◊,4</sup> | 9000000 | 8561020 |
| Boyce Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A B1, 5.74% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35<sup>◊,4</sup> | 8800000 | 8388266 |
| Cerberus Loan Funding XXXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A A, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/22/33<sup>◊,4</sup> | 7880261 | 7845283 |
| Dryden 37 Senior Loan Fund |  |  |
| &nbsp;&nbsp;&nbsp;2015-37A Q, due 01/15/31<sup>4,10</sup> | 10000000 | 7772664 |
| ACRE Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL4 B, 5.74% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 12/18/37<sup>◊,7</sup> | 3100000 | 2960778 |
| &nbsp;&nbsp;&nbsp;2021-FL4 C, 6.09% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 12/18/37<sup>◊,7</sup> | 3100000 | 2917296 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |
| HGI CRE CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 5.83% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 09/17/36<sup>◊,7</sup> | 5000000 | $4697005 |
| &nbsp;&nbsp;&nbsp;2021-FL2 C, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 09/17/36<sup>◊,7</sup> | 1000000 | 945384 |
| Owl Rock CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A A, 6.48% (3 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 05/20/31<sup>◊,4</sup> | 5650000 | 5528099 |
| Shackleton CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-8A BR, 5.54% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 10/20/27<sup>◊,4</sup> | 5510000 | 5414755 |
| VOYA CLO |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A BR, 6.23% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 06/07/30<sup>◊,4</sup> | 4950000 | 4671173 |
| Stratus CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A B, 5.64% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 12/29/29<sup>◊,4</sup> | 4500000 | 4311970 |
| Atlas Senior Loan Fund III Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A BR, 5.95% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 11/17/27<sup>◊,4</sup> | 4300000 | 4222591 |
| Elmwood CLO 19 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-6A B1, 6.67% (3 Month Term SOFR + 3.05%, Rate Floor: 3.05%) due 10/17/34<sup>◊,4</sup> | 4000000 | 3997074 |
| Northwoods Capital XII-B Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-12BA B, 6.62% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 06/15/31<sup>◊,4</sup> | 4000000 | 3770923 |
| MF1 Multifamily Housing Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL6 D, 6.88% (1 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 07/16/36<sup>◊,7</sup> | 3800000 | 3553434 |
| BRSP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 D, 7.04% (1 Month USD LIBOR + 2.70%, Rate Floor: 2.70%) due 08/19/38<sup>◊,7</sup> | 3800000 | 3495065 |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2012-3A SUB, due 01/14/32<sup>4,10</sup> | 8920000 | 2666188 |
| Wellfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A A2R, 5.82% (3 Month USD LIBOR + 1.58%, Rate Floor: 1.58%) due 10/20/28<sup>◊,4</sup> | 2500000 | 2443184 |
| Allegro CLO VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A C, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 06/13/31<sup>◊,4</sup> | 2500000 | 2336722 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-FL7 B, 7.82% (1 Month Term SOFR + 3.91%, Rate Floor: 3.91%) due 10/19/39<sup>◊,7</sup> | 2000000 | 1986029 |
| TRTX Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-FL3 B, 6.19% (1 Month Term SOFR + 1.86%, Rate Floor: 1.75%) due 10/15/34<sup>◊,7</sup> | 1500000 | 1444158 |
| &nbsp;&nbsp;&nbsp;2019-FL3 A, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 10/15/34<sup>◊,7</sup> | 411464 | 406938 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-1A INC, due 10/15/30<sup>4,10</sup> | 10575071 | 1750280 |
| Diamond CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A CR, 6.76% (3 Month USD LIBOR + 2.40%, Rate Floor: 2.40%) due 04/25/29<sup>◊,4</sup> | 1385209 | 1370868 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | | |
| **Collateralized Loan Obligations - 16.5% (continued)** |  |  |  |
| Newfleet CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A A1R, 5.19% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/28<sup>◊,4</sup> |  | 584857 | $582899 |
| Treman Park CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A SUB, due 10/20/28<sup>4,10</sup> |  | 6859005 | 410374 |
| Venture XIII CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2013-13A SUB, due 09/10/29<sup>4,10</sup> |  | 3700000 | 269193 |
| Great Lakes CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A SUB, due 10/15/29<sup>4,10</sup> |  | 461538 | 169509 |
| Babson CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2014-IA SUB, due 07/20/25<sup>4,10</sup> |  | 1300000 | 61100 |
| Atlas Senior Loan Fund IX Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2018-9A SUB, due 04/20/28<sup>4,10</sup> |  | 1200000 | 59208 |
| Avery Point II CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2013-3X COM , due 01/18/25<sup>10</sup> |  | 2375019 | 17005 |
| OHA Credit Partners IX Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2013-9A ACOM, due 10/20/25<sup>4,10</sup> |  | 1808219 | 1971 |
| Copper River CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>†††,7,10</sup> |  | 1500000 | 587 |
| **Total Collateralized Loan Obligations** |  |  | 2890184940 |
| **Financial - 2.6%** |  |  |  |
| Strategic Partners Fund VIII LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.68% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26<sup>◊,†††</sup> |  | 51900000 | 51941001 |
| &nbsp;&nbsp;&nbsp; 6.33% (1 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 03/10/26<sup>◊,†††</sup> |  | 21900000 | 21917301 |
| Madison Avenue Secured Funding Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.07% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 01/17/23<sup>◊,†††,4</sup> |  | 70150000 | 70150000 |
| KKR Core Holding Company LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.00% due 08/12/31<sup>†††</sup> |  | 82344832 | 69918174 |
| HV Eight LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27<sup>◊,†††</sup> | EUR | 51600000 | 55264003 |
| HarbourVest Structured Solutions IV Holdings, LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 6.12% (3 Month USD LIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26<sup>◊,†††</sup> |  | 19956425 | 19962611 |
| &nbsp;&nbsp;&nbsp; 2.58% (3 Month EURIBOR + 2.45%, Rate Floor: 2.45%) due 09/15/26<sup>◊,†††</sup> | EUR | 11100000 | 11888187 |
| Project Onyx |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.99% (3 Month Term SOFR + 2.40%, Rate Floor: 2.30%) due 01/26/27<sup>◊,†††</sup> |  | 31000000 | 31033150 |
| Thunderbird A |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50% due 03/01/37<sup>†††</sup> |  | 21650699 | 21109432 |
| Ceamer Finance LLC |  |  |  |
| &nbsp;&nbsp;&nbsp; 3.69% due 03/22/31<sup>†††</sup> |  | 22568371 | 20675110 |
| Lightning A |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.50% due 03/01/37<sup>†††</sup> |  | 21167980 | 20638781 |
| Bib Merchant Voucher Receivables Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp; 4.18% due 04/07/28<sup>†††</sup> |  | 18472160 | 17749529 |
| Nassau LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.98% due 08/15/34<sup>4</sup> |  | 12950968 | 12319278 |
| Aesf Vi Verdi, LP |  |  |  |
| &nbsp;&nbsp;&nbsp; 5.82% (3 Month USD LIBOR + 2.15%, Rate Floor: 2.15%) due 11/25/24<sup>◊,†††</sup> |  | 7705292 | 7710121 |
| &nbsp;&nbsp;&nbsp; 2.15% (3 Month EURIBOR + 2.15%, Rate Floor: 2.15%) due 11/25/24<sup>◊,†††</sup> | EUR | 3871856 | 4146788 |
| Oxford Finance Funding |  |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.10% due 02/15/28<sup>4</sup> |  | 10666127 | 10548242 |
| Industrial DPR Funding Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 5.24% due 04/15/26<sup>4</sup> |  | 2181535 | 2135291 |
| **Total Financial** |  |  | 449106999 |
| **Transport-Aircraft - 2.2%** |  |  |  |
| AASET Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.95% due 11/16/41<sup>4</sup> |  | 64924383 | 51857104 |
| &nbsp;&nbsp;&nbsp;2021-2A, 2.80% due 01/15/47<sup>4</sup> |  | 23114195 | 18604031 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.35% due 01/16/40<sup>4</sup> |  | 16352593 | 13098947 |
| &nbsp;&nbsp;&nbsp;2019-1, 3.84% due 05/15/39<sup>4</sup> |  | 7707258 | 5029127 |
| &nbsp;&nbsp;&nbsp;2017-1A, 3.97% due 05/16/42<sup>4</sup> |  | 4656929 | 3611474 |
| &nbsp;&nbsp;&nbsp;2019-2, 3.38% due 10/16/39<sup>4</sup> |  | 1961469 | 1451541 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Transport-Aircraft - 2.2% (continued)** |  |  |
| Castlelake Aircraft Structured Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.47% due 01/15/46<sup>4</sup> | 53144618 | $44643605 |
| Navigator Aircraft ABS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.77% due 11/15/46<sup>4</sup> | 44840459 | 37663820 |
| Sprite Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.75% due 11/15/46<sup>4</sup> | 34077456 | 29500390 |
| Lunar Structured Aircraft Portfolio Notes |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.64% due 10/15/46<sup>4</sup> | 36280428 | 29080951 |
| AASET US Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-2A, 4.45% due 11/18/38<sup>4</sup> | 35060491 | 27797041 |
| Sapphire Aviation Finance II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.23% due 03/15/40<sup>4</sup> | 27811992 | 21029148 |
| KDAC Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.21% due 12/15/42<sup>4</sup> | 27761132 | 20960210 |
| Sapphire Aviation Finance I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.25% due 03/15/40<sup>4</sup> | 24753064 | 19184368 |
| MAPS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.21% due 05/15/43<sup>4</sup> | 17070767 | 15237109 |
| WAVE LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/44<sup>4</sup> | 19218514 | 14539857 |
| Falcon Aerospace Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.60% due 09/15/39<sup>4</sup> | 11321902 | 9167600 |
| &nbsp;&nbsp;&nbsp;2017-1, 4.58% due 02/15/42<sup>4</sup> | 4431267 | 4019273 |
| Castlelake Aircraft Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.13% due 06/15/43<sup>4</sup> | 12643156 | 11081563 |
| &nbsp;&nbsp;&nbsp;2016-1, 4.45% due 08/15/41 | 63644 | 55404 |
| Raspro Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-1A, 5.17% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/24<sup>◊,4</sup> | 10637384 | 10502768 |
| Slam Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.42% due 06/15/46<sup>4</sup> | 1359300 | 1104912 |
| Stripes Aircraft Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2013-1 A1, 7.85% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 03/20/23<sup>◊,†††</sup> | 73954 | 71477 |
| **Total Transport-Aircraft** |  | 389291720 |
| **Whole Business - 1.5%** |  |  |
| Arbys Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.24% due 07/30/50<sup>4</sup> | 95355125 | 80590909 |
| SERVPRO Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.39% due 04/25/51<sup>4</sup> | 29845500 | 23345329 |
| &nbsp;&nbsp;&nbsp;2022-1A, 3.13% due 01/25/52<sup>4</sup> | 23323750 | 19043818 |
| Taco Bell Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.29% due 08/25/51<sup>4</sup> | 23334300 | 18746030 |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.97% due 05/25/46<sup>4</sup> | 14505750 | 13913393 |
| Wingstop Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.84% due 12/05/50<sup>4</sup> | 25245000 | 21334045 |
| &nbsp;&nbsp;&nbsp;2022-1A, 3.73% due 03/05/52<sup>4</sup> | 10274250 | 8829865 |
| ServiceMaster Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 3.34% due 01/30/51<sup>4</sup> | 28787250 | 21570373 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.84% due 01/30/51<sup>4</sup> | 9628500 | 7713189 |
| Domino's Pizza Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.15% due 04/25/51<sup>4</sup> | 9191035 | 7347249 |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.12% due 07/25/47<sup>4</sup> | 7905750 | 7245027 |
| Wendy's Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.78% due 06/15/49<sup>4</sup> | 12312300 | 11326183 |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.08% due 06/15/49<sup>4</sup> | 1524250 | 1351562 |
| DB Master Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.35% due 05/20/49<sup>4</sup> | 7636478 | 6962818 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.79% due 11/20/51<sup>4</sup> | 6682500 | 5147837 |
| Sonic Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.64% due 08/20/51<sup>4</sup> | 11443150 | 8278101 |
| Applebee's Funding LLC / IHOP Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.19% due 06/05/49<sup>4</sup> | 3356100 | 3297664 |
| **Total Whole Business** |  | 266043392 |
| **Net Lease - 0.9%** |  |  |
| STORE Master Funding I-VII |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 3.96% due 10/20/46<sup>4</sup> | 27434316 | 25379648 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 25.8% (continued)** | | |
| **Net Lease - 0.9% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.32% due 10/20/46<sup>4</sup> | 11127949 | $10186479 |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 6.11% due 08/15/62<sup>4</sup> | 20228265 | 18996301 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.28% due 07/15/60<sup>4</sup> | 9991321 | 8720191 |
| Capital Automotive REIT |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.48% due 02/15/50<sup>4</sup> | 22074520 | 19232547 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.76% due 08/15/51<sup>4</sup> | 6590375 | 4880529 |
| CARS-DB4, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.81% due 02/15/50<sup>4</sup> | 19915294 | 16316535 |
| &nbsp;&nbsp;&nbsp;2020-1A, 3.25% due 02/15/50<sup>4</sup> | 3411814 | 2906637 |
| CMFT Net Lease Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.91% due 07/20/51<sup>4</sup> | 10050000 | 8268134 |
| &nbsp;&nbsp;&nbsp;2021-1, 3.04% due 07/20/51<sup>4</sup> | 5050000 | 3895910 |
| &nbsp;&nbsp;&nbsp;2021-1, 3.44% due 07/20/51<sup>4</sup> | 3215000 | 2512821 |
| &nbsp;&nbsp;&nbsp;2021-1, 2.51% due 07/20/51<sup>4</sup> | 3000000 | 2470936 |
| Oak Street Investment Grade Net Lease Fund Series |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.26% due 11/20/50<sup>4</sup> | 15000000 | 13177943 |
| STORE Master Funding I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2015-1A, 4.17% due 04/20/45<sup>4</sup> | 9567622 | 8975508 |
| New Economy Assets Phase 1 Sponsor LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.41% due 10/20/61<sup>4</sup> | 10000000 | 8215148 |
| CF Hippolyta LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.60% due 07/15/60<sup>4</sup> | 4355308 | 3433534 |
| STORE Master Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 3.70% due 06/20/51<sup>4</sup> | 3556128 | 2653341 |
| Capital Automotive LLC |  |  |
| &nbsp;&nbsp;&nbsp;2017-1A, 4.18% due 04/15/47<sup>4</sup> | 268497 | 257505 |
| **Total Net Lease** |  | 160479647 |
| **Collateralized Debt Obligations - 0.7%** |  |  |
| Anchorage Credit Funding 4 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A AR, 2.72% due 04/27/39<sup>4</sup> | 108450000 | 92448159 |
| Anchorage Credit Funding 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A1R, 2.87% due 01/28/39<sup>4,7</sup> | 39003649 | 34098492 |
| Anchorage Credit Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-13A C2, 3.65% due 07/27/39<sup>7</sup> | 1950000 | 1566751 |
| **Total Collateralized Debt Obligations** |  | 128113402 |
| **Single Family Residence - 0.7%** |  |  |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>4</sup> | 21640000 | 19204864 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>4</sup> | 20340000 | 17853598 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>4</sup> | 13010000 | 11272984 |
| &nbsp;&nbsp;&nbsp;2021-SFR1, 2.19% due 08/17/38<sup>4</sup> | 8174000 | 6861714 |
| Home Partners of America Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2, 2.65% due 12/17/26<sup>4</sup> | 46910069 | 38795406 |
| &nbsp;&nbsp;&nbsp;2021-3, 2.80% due 01/17/41<sup>4</sup> | 15572020 | 12903444 |
| Tricon Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-SFR1, 2.59% due 07/17/38<sup>4</sup> | 7000000 | 5953861 |
| **Total Single Family Residence** |  | 112845871 |
| **Infrastructure - 0.4%** |  |  |
| VB-S1 Issuer LLC - VBTEL |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 4.29% due 02/15/52<sup>4</sup> | 40900000 | 35890273 |
| Secured Tenant Site Contract Revenue Notes Series |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 3.97% due 06/15/48<sup>4</sup> | 20888510 | 20665659 |
| SBA Tower Trust |  |  |
| &nbsp;&nbsp;&nbsp; 6.56% due 01/15/28<sup>4</sup> | 3766000 | 3771900 |
| Hotwire Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.66% due 11/20/51<sup>4</sup> | 4025000 | 3338946 |
| **Total Infrastructure** |  | 63666778 |
| **Transport-Container - 0.3%** |  |  |
| Textainer Marine Containers VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.73% due 08/21/45<sup>4</sup> | 51186766 | 46344979 |
| MC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.63% due 11/05/35<sup>4</sup> | 10890000 | 9466235 |
| **Total Transport-Container** |  | 55811214 |
| **Insurance - 0.0%** |  |  |
| JGWPT XXIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2011-1A, 4.70% due 10/15/56<sup>4</sup> | 2379412 | 2225264 |
| JGWPT XXIV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2011-2A, 4.94% due 09/15/56<sup>4</sup> | 1728924 | 1619682 |
| 321 Henderson Receivables VI LLC |  |  |
| &nbsp;&nbsp;&nbsp;2010-1A, 5.56% due 07/15/59<sup>4</sup> | 776396 | 750898 |
| **Total Insurance** |  | 4595844 |
| **Total Asset-Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,868,673,888) |  | 4520139807 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount~** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2%** | | |
| **Residential Mortgage-Backed Securities - 9.5%** |  |  |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-RPL5, 3.02% (WAC) due 08/25/60<sup>◊,4</sup> | 70660223 | 67516027 |
| &nbsp;&nbsp;&nbsp;2021-RPL7, 1.93% (WAC) due 07/27/61<sup>◊,4</sup> | 61583426 | 55594142 |
| &nbsp;&nbsp;&nbsp;2021-RPL4, 1.80% (WAC) due 12/27/60<sup>◊,4</sup> | 41508912 | 37923389 |
| &nbsp;&nbsp;&nbsp;2021-RPL1, 1.67% (WAC) due 09/27/60<sup>◊,4</sup> | 28278827 | 26678820 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-R1, 3.13% due 01/29/70<sup>4,11</sup> | 81095080 | 71824817 |
| &nbsp;&nbsp;&nbsp;2021-C, 1.62% due 03/01/61<sup>4,11</sup> | 67988810 | 61106099 |
| &nbsp;&nbsp;&nbsp;2021-HE1, 5.43% (30 Day Average SOFR + 1.50%, Rate Floor: 0.00%) due 01/25/70<sup>◊,4</sup> | 7500000 | 7231726 |
| FKRT |  |  |
| &nbsp;&nbsp;&nbsp; 2.21% due 11/30/58<sup>†††,7</sup> | 117200000 | 112497936 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-5, 1.79% due 06/25/26<sup>4,11</sup> | 63865183 | 57828556 |
| &nbsp;&nbsp;&nbsp;2021-8, 1.74% (WAC) due 09/25/26<sup>◊,4</sup> | 34573589 | 30975885 |
| &nbsp;&nbsp;&nbsp;2022-1, 3.72% due 02/25/27<sup>4,11</sup> | 8596524 | 8037777 |
| Legacy Mortgage Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-GS2, 1.75% due 04/25/61<sup>4,11</sup> | 41389167 | 37411300 |
| &nbsp;&nbsp;&nbsp;2021-GS3, 1.75% due 07/25/61<sup>4,11</sup> | 36981242 | 33427126 |
| &nbsp;&nbsp;&nbsp;2021-GS5, 2.25% due 07/25/67<sup>4,11</sup> | 23495765 | 21032165 |
| Towd Point Revolving Trust |  |  |
| &nbsp;&nbsp;&nbsp; 4.83% due 09/25/64<sup>7</sup> | 81500000 | 78451818 |
| Morgan Stanley ABS Capital I Incorporated Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-NC5, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 10/25/36<sup>◊</sup> | 26145678 | 12713744 |
| &nbsp;&nbsp;&nbsp;2007-HE5, 4.73% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 03/25/37<sup>◊</sup> | 27305092 | 12123062 |
| &nbsp;&nbsp;&nbsp;2006-HE6, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 09/25/36<sup>◊</sup> | 23484914 | 8857817 |
| &nbsp;&nbsp;&nbsp;2006-HE5, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 08/25/36<sup>◊</sup> | 13467257 | 7015346 |
| &nbsp;&nbsp;&nbsp;2006-HE4, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 06/25/36<sup>◊</sup> | 8480020 | 4424353 |
| &nbsp;&nbsp;&nbsp;2006-HE5, 4.89% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 08/25/36<sup>◊</sup> | 8069480 | 4135050 |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.52% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 01/25/37<sup>◊</sup> | 8311077 | 4045513 |
| &nbsp;&nbsp;&nbsp;2007-HE3, 4.50% (1 Month USD LIBOR + 0.11%, Rate Floor: 0.11%) due 12/25/36<sup>◊</sup> | 5725840 | 2944542 |
| &nbsp;&nbsp;&nbsp;2007-NC3, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 05/25/37<sup>◊</sup> | 3534622 | 2464989 |
| &nbsp;&nbsp;&nbsp;2007-HE6, 4.45% (1 Month USD LIBOR + 0.06%, Rate Floor: 0.06%) due 05/25/37<sup>◊</sup> | 2528678 | 2198757 |
| &nbsp;&nbsp;&nbsp;2007-HE3, 4.52% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/36<sup>◊,4</sup> | 2085611 | 1305799 |
| &nbsp;&nbsp;&nbsp;2006-HE6, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 09/25/36<sup>◊</sup> | 2976961 | 1118743 |
| LSTAR Securities Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.92% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/01/26<sup>◊,7</sup> | 39566798 | 35281239 |
| &nbsp;&nbsp;&nbsp;2021-2, 5.82% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 03/02/26<sup>◊,7</sup> | 23183548 | 22788641 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 9.5% (continued)** |  |  |
| OSAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL1, 2.12% due 05/25/65<sup>4,11</sup> | 61057986 | $56357882 |
| Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-FRE1, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 04/25/37<sup>◊</sup> | 53777206 | 50171987 |
| JP Morgan Mortgage Acquisition Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.52% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/36<sup>◊</sup> | 64303383 | 38232046 |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.51% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 12/25/36<sup>◊</sup> | 11864561 | 6361187 |
| &nbsp;&nbsp;&nbsp;2006-WMC3, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 08/25/36<sup>◊</sup> | 1875456 | 1314062 |
| NYMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-SP1, 5.25% due 07/25/62<sup>4,11</sup> | 42377699 | 40799668 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-OPT5, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 07/25/36<sup>◊</sup> | 33385104 | 31499126 |
| GSAMP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-NC1, 4.52% (1 Month USD LIBOR + 0.13%, Rate Floor: 0.13%) due 12/25/46<sup>◊</sup> | 25887879 | 13743518 |
| &nbsp;&nbsp;&nbsp;2006-HE8, 4.62% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 01/25/37<sup>◊</sup> | 10107000 | 8048840 |
| &nbsp;&nbsp;&nbsp;2006-NC2, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 06/25/36<sup>◊</sup> | 12391343 | 6845197 |
| &nbsp;&nbsp;&nbsp;2007-NC1, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 12/25/46<sup>◊</sup> | 5775964 | 2847196 |
| Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA4, 4.73% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 05/25/47<sup>◊</sup> | 16067973 | 13475719 |
| &nbsp;&nbsp;&nbsp;2007-OH3, 4.97% (1 Month USD LIBOR + 0.58%, Rate Cap/Floor: 10.00%/0.58%) due 09/25/47<sup>◊</sup> | 6569667 | 5612943 |
| &nbsp;&nbsp;&nbsp;2006-43CB, 6.00% (1 Month USD LIBOR + 0.50%, Rate Cap/Floor: 6.00%/6.00%) due 02/25/37<sup>◊</sup> | 6225734 | 3567322 |
| &nbsp;&nbsp;&nbsp;2007-OA7, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 05/25/47<sup>◊</sup> | 2396656 | 2006062 |
| &nbsp;&nbsp;&nbsp;2007-OH3, 4.83% (1 Month USD LIBOR + 0.44%, Rate Cap/Floor: 10.00%/0.44%) due 09/25/47<sup>◊</sup> | 653048 | 548145 |
| NovaStar Mortgage Funding Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-2, 4.59% (1 Month USD LIBOR + 0.20%, Rate Cap/Floor: 11.00%/0.20%) due 09/25/37<sup>◊</sup> | 23698476 | 22807667 |
| &nbsp;&nbsp;&nbsp;2007-1, 4.52% (1 Month USD LIBOR + 0.13%, Rate Cap/Floor: 11.00%/0.13%) due 03/25/37<sup>◊</sup> | 2895456 | 1910664 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2007-AMC1, 4.55% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 12/25/36<sup>◊,4</sup> | 21476145 | 11931545 |
| &nbsp;&nbsp;&nbsp;2006-WF1, 5.03% due 03/25/36 | 14670183 | 7372474 |
| &nbsp;&nbsp;&nbsp;2007-AMC3, 4.57% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 03/25/37<sup>◊</sup> | 6175653 | 5071379 |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.02% (WAC) due 03/25/67<sup>◊,4</sup> | 13557790 | 12159408 |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.20% (WAC) due 03/25/67<sup>◊,4</sup> | 13327410 | 11817097 |
| Structured Asset Securities Corporation Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2008-BC4, 5.02% (1 Month USD LIBOR + 0.63%, Rate Floor: 0.63%) due 11/25/37<sup>◊</sup> | 21261259 | 20372725 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 9.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2006-BC4, 4.73% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 12/25/36<sup>◊</sup> | 2130819 | $2062348 |
| &nbsp;&nbsp;&nbsp;2006-BC6, 4.56% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 01/25/37<sup>◊</sup> | 137913 | 135017 |
| &nbsp;&nbsp;&nbsp;2006-OPT1, 4.65% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 04/25/36<sup>◊</sup> | 6300 | 6272 |
| ACE Securities Corporation Home Equity Loan Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-NC1, 5.00% (1 Month USD LIBOR + 0.62%, Rate Floor: 0.62%) due 12/25/35<sup>◊</sup> | 16761000 | 14731035 |
| &nbsp;&nbsp;&nbsp;2007-ASP1, 4.79% (1 Month USD LIBOR + 0.40%, Rate Floor: 0.40%) due 03/25/37<sup>◊</sup> | 8354297 | 3299805 |
| &nbsp;&nbsp;&nbsp;2007-WM2, 4.60% (1 Month USD LIBOR + 0.21%, Rate Floor: 0.21%) due 02/25/37<sup>◊</sup> | 6400632 | 2834813 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM3, 4.35% (WAC) due 04/25/67<sup>◊,4</sup> | 11841208 | 10938572 |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 5.71% due 08/25/67<sup>4,11</sup> | 9897569 | 9481888 |
| Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-AR10, 4.73% (1 Month USD LIBOR + 0.34%, Rate Floor: 0.34%) due 12/25/36<sup>◊</sup> | 8265788 | 7139165 |
| &nbsp;&nbsp;&nbsp;2006-AR9, 2.88% (1 Year CMT Rate + 0.83%, Rate Floor: 0.83%) due 11/25/46<sup>◊</sup> | 8968929 | 7099428 |
| &nbsp;&nbsp;&nbsp;2006-AR9, 2.89% (1 Year CMT Rate + 0.84%, Rate Floor: 0.84%) due 11/25/46<sup>◊</sup> | 4010011 | 3165855 |
| &nbsp;&nbsp;&nbsp;2006-7, 4.05% due 09/25/36 | 5350947 | 1536185 |
| &nbsp;&nbsp;&nbsp;2006-8, 4.17% due 10/25/36 | 346396 | 122488 |
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.56% (WAC) due 02/25/50<sup>◊,4</sup> | 11217528 | 10664770 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.41% (WAC) due 02/25/50<sup>◊,4</sup> | 8628868 | 8242911 |
| IXIS Real Estate Capital Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.50% (1 Month USD LIBOR + 0.11%, Rate Floor: 0.11%) due 05/25/37<sup>◊</sup> | 32937009 | 8323722 |
| &nbsp;&nbsp;&nbsp;2006-HE1, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 03/25/36<sup>◊</sup> | 11785897 | 6020904 |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.62% (1 Month USD LIBOR + 0.23%, Rate Floor: 0.23%) due 05/25/37<sup>◊</sup> | 6250973 | 1579744 |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.55% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 05/25/37<sup>◊</sup> | 5870805 | 1483684 |
| &nbsp;&nbsp;&nbsp;2007-HE1, 4.45% (1 Month USD LIBOR + 0.06%, Rate Floor: 0.06%) due 05/25/37<sup>◊</sup> | 4884238 | 1234201 |
| SPS Servicer Advance Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-T2, 1.83% due 11/15/55<sup>4</sup> | 20000000 | 18123974 |
| Credit Suisse Mortgage Capital Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL9, 2.44% (WAC) due 02/25/61<sup>◊,4</sup> | 18946528 | 17370973 |
| American Home Mortgage Investment Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-1, 2.08% due 05/25/47<sup>9</sup> | 128076604 | 15092726 |
| Citigroup Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-A, 6.17% due 09/25/62<sup>4,11</sup> | 14852624 | 14516241 |
| GCAT 2022-NQM5 Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 5.71% due 08/25/67<sup>4,11</sup> | 14609562 | 14389110 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-8, 6.13% due 09/25/67<sup>4,11</sup> | 14234049 | 13796946 |
| Merrill Lynch Mortgage Investors Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE2, 4.91% (1 Month USD LIBOR + 0.52%, Rate Floor: 0.52%) due 02/25/37<sup>◊</sup> | 32515610 | 9694363 |
| &nbsp;&nbsp;&nbsp;2006-HE6, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 11/25/37<sup>◊</sup> | 8236829 | 4015637 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 9.5% (continued)** |  |  |
| Cascade Funding Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-RM2, 4.00% (WAC) due 10/25/68<sup>◊,7</sup> | 8545352 | $8224460 |
| &nbsp;&nbsp;&nbsp;2019-RM3, 2.80% (WAC) due 06/25/69<sup>◊,7</sup> | 4983933 | 4810886 |
| RALI Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-QO4, 4.77% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 05/25/47<sup>◊</sup> | 4107440 | 3551297 |
| &nbsp;&nbsp;&nbsp;2006-QO2, 4.83% (1 Month USD LIBOR + 0.44%, Rate Floor: 0.44%) due 02/25/46<sup>◊</sup> | 16536210 | 3503416 |
| &nbsp;&nbsp;&nbsp;2007-QO2, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 02/25/47<sup>◊</sup> | 7527349 | 2726649 |
| &nbsp;&nbsp;&nbsp;2006-QO2, 4.93% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 02/25/46<sup>◊</sup> | 5362610 | 1167154 |
| &nbsp;&nbsp;&nbsp;2006-QO6, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 06/25/46<sup>◊</sup> | 4715292 | 1073213 |
| &nbsp;&nbsp;&nbsp;2007-QO3, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 03/25/47<sup>◊</sup> | 840388 | 713703 |
| Ameriquest Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-M3, 4.55% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 10/25/36<sup>◊</sup> | 27219281 | 8866893 |
| &nbsp;&nbsp;&nbsp;2006-M3, 4.49% (1 Month USD LIBOR + 0.10%, Rate Floor: 0.10%) due 10/25/36<sup>◊</sup> | 11433926 | 3724748 |
| Bear Stearns Asset-Backed Securities I Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE9, 4.53% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.28%) due 11/25/36<sup>◊</sup> | 11387761 | 10959854 |
| ABFC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-WMC1, 5.64% (1 Month USD LIBOR + 1.25%, Rate Floor: 1.25%) due 06/25/37<sup>◊</sup> | 15627261 | 10798791 |
| First NLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-4, 5.17% (1 Month USD LIBOR + 0.78%, Rate Cap/Floor: 14.00%/0.78%) due 02/25/36<sup>◊</sup> | 9029683 | 8750111 |
| &nbsp;&nbsp;&nbsp;2005-1, 4.85% (1 Month USD LIBOR + 0.46%, Rate Cap/Floor: 14.00%/0.46%) due 05/25/35<sup>◊</sup> | 2262971 | 1882352 |
| Securitized Asset-Backed Receivables LLC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-WM4, 4.55% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 11/25/36<sup>◊</sup> | 30572356 | 8956120 |
| &nbsp;&nbsp;&nbsp;2006-HE2, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 07/25/36<sup>◊</sup> | 3377427 | 1388118 |
| Master Asset-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-WMC4, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 10/25/36<sup>◊</sup> | 10841325 | 3476206 |
| &nbsp;&nbsp;&nbsp;2006-NC2, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 08/25/36<sup>◊</sup> | 7836783 | 3117870 |
| &nbsp;&nbsp;&nbsp;2006-WMC3, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 08/25/36<sup>◊</sup> | 5789283 | 2027753 |
| &nbsp;&nbsp;&nbsp;2007-WMC1, 4.55% (1 Month USD LIBOR + 0.16%, Rate Floor: 0.16%) due 01/25/37<sup>◊</sup> | 5983188 | 1688517 |
| HarborView Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-14, 4.64% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 01/25/47<sup>◊</sup> | 6785827 | 5784582 |
| &nbsp;&nbsp;&nbsp;2006-12, 4.72% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 01/19/38<sup>◊</sup> | 5071272 | 4432793 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM9, 6.45% due 09/25/62<sup>4,11</sup> | 9755619 | 9707942 |
| Fremont Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-E, 4.51% (1 Month USD LIBOR + 0.12%, Rate Floor: 0.12%) due 01/25/37<sup>◊</sup> | 11921610 | 5345935 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 9.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2006-D, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 11/25/36<sup>◊</sup> | 10598722 | $3871959 |
| First Franklin Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-FF16, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 12/25/36<sup>◊</sup> | 20852336 | 8895194 |
| Securitized Asset-Backed Receivables LLC Trust 2007-BR2 |  |  |
| &nbsp;&nbsp;&nbsp;2007-BR2, 4.57% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 02/25/37<sup>◊,4</sup> | 10478203 | 8745715 |
| Merrill Lynch Alternative Note Asset Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-A1, 4.85% (1 Month USD LIBOR + 0.46%, Rate Floor: 0.46%) due 01/25/37<sup>◊</sup> | 19535347 | 6170699 |
| &nbsp;&nbsp;&nbsp;2007-A1, 4.69% (1 Month USD LIBOR + 0.30%, Rate Floor: 0.30%) due 01/25/37<sup>◊</sup> | 7408130 | 2318167 |
| Asset-Backed Securities Corporation Home Equity Loan Trust Series AEG |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE1, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.60%) due 01/25/36<sup>◊</sup> | 8595642 | 8283873 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊,7</sup> | 9140239 | 8263272 |
| Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series |  |  |
| &nbsp;&nbsp;&nbsp;2005-W4, 5.15% (1 Month USD LIBOR + 0.76%, Rate Floor: 0.76%) due 02/25/36<sup>◊</sup> | 9917388 | 7505149 |
| Long Beach Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-8, 4.71% (1 Month USD LIBOR + 0.32%, Rate Floor: 0.32%) due 09/25/36<sup>◊</sup> | 14837373 | 4154242 |
| &nbsp;&nbsp;&nbsp;2006-6, 4.89% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 07/25/36<sup>◊</sup> | 4595869 | 1856384 |
| &nbsp;&nbsp;&nbsp;2006-8, 4.57% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 09/25/36<sup>◊</sup> | 3959818 | 1104829 |
| Option One Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-5, 4.61% (1 Month USD LIBOR + 0.22%, Rate Floor: 0.22%) due 05/25/37<sup>◊</sup> | 7354387 | 4428238 |
| &nbsp;&nbsp;&nbsp;2007-2, 4.64% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 03/25/37<sup>◊</sup> | 5076457 | 2456760 |
| Credit-Based Asset Servicing and Securitization LLC |  |  |
| &nbsp;&nbsp;&nbsp;2006-CB2, 4.77% (1 Month USD LIBOR + 0.38%, Rate Floor: 0.38%) due 12/25/36<sup>◊</sup> | 7113145 | 6615658 |
| Lehman XS Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-2N, 4.57% (1 Month USD LIBOR + 0.18%, Rate Floor: 0.18%) due 02/25/37<sup>◊</sup> | 4926290 | 4349568 |
| &nbsp;&nbsp;&nbsp;2007-15N, 4.89% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.00%) due 08/25/37<sup>◊</sup> | 1359953 | 1210436 |
| &nbsp;&nbsp;&nbsp;2006-10N, 4.81% (1 Month USD LIBOR + 0.42%, Rate Floor: 0.42%) due 07/25/46<sup>◊</sup> | 318605 | 290181 |
| WaMu Asset-Backed Certificates WaMu Series |  |  |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.56% (1 Month USD LIBOR + 0.17%, Rate Floor: 0.17%) due 07/25/47<sup>◊</sup> | 5122069 | 3641383 |
| &nbsp;&nbsp;&nbsp;2007-HE4, 4.64% (1 Month USD LIBOR + 0.25%, Rate Floor: 0.25%) due 07/25/47<sup>◊</sup> | 3459898 | 2092930 |
| WaMu Mortgage Pass-Through Certificates Series Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA6, 2.86% (1 Year CMT Rate + 0.81%, Rate Floor: 0.81%) due 07/25/47<sup>◊</sup> | 4764037 | 3793067 |
| &nbsp;&nbsp;&nbsp;2006-AR13, 2.93% (1 Year CMT Rate + 0.88%, Rate Floor: 0.88%) due 10/25/46<sup>◊</sup> | 1458614 | 1212290 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 9.5% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2006-AR11, 2.97% (1 Year CMT Rate + 0.92%, Rate Floor: 0.92%) due 09/25/46<sup>◊</sup> | 665082 | $558854 |
| American Home Mortgage Assets Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-4, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 10/25/46<sup>◊</sup> | 7021983 | 3744982 |
| &nbsp;&nbsp;&nbsp;2006-6, 4.58% (1 Month USD LIBOR + 0.19%, Rate Floor: 0.19%) due 12/25/46<sup>◊</sup> | 2178894 | 1758061 |
| Deutsche Alt-A Securities Mortgage Loan Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2006-AR4, 4.65% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 12/25/36<sup>◊</sup> | 9837051 | 3466124 |
| &nbsp;&nbsp;&nbsp;2007-OA2, 2.82% (1 Year CMT Rate + 0.77%, Rate Floor: 0.77%) due 04/25/47<sup>◊</sup> | 2210621 | 1864096 |
| GSAA Home Equity Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-5, 4.75% (1 Month USD LIBOR + 0.36%, Rate Floor: 0.36%) due 03/25/36<sup>◊</sup> | 12909851 | 4776322 |
| &nbsp;&nbsp;&nbsp;2007-7, 4.93% (1 Month USD LIBOR + 0.54%, Rate Floor: 0.54%) due 07/25/37<sup>◊</sup> | 64101 | 60777 |
| Impac Secured Assets CMN Owner Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-2, 4.89% (1 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 03/25/36<sup>◊</sup> | 5392658 | 4739819 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM8, 6.10% due 09/25/62<sup>4,11</sup> | 4145200 | 4067748 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-2, 2.38% (WAC) due 08/25/66<sup>◊,4</sup> | 7108000 | 3902615 |
| ASG Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2010-3, 3.17% (1 Month USD LIBOR + 0.29%, Rate Cap/Floor: 10.50%/0.29%) due 12/28/45<sup>◊,4</sup> | 2709628 | 2475332 |
| Morgan Stanley Capital I Incorporated Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-HE1, 4.97% (1 Month USD LIBOR + 0.58%, Rate Floor: 0.58%) due 01/25/36<sup>◊</sup> | 1864821 | 1776702 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-8, 6.13% due 09/25/67<sup>4,11</sup> | 1628158 | 1598677 |
| Countrywide Asset-Backed Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2005-15, 5.06% (1 Month USD LIBOR + 0.68%, Rate Floor: 0.68%) due 03/25/36<sup>◊</sup> | 1152953 | 1124750 |
| Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.68% (WAC) due 01/26/60<sup>◊,4</sup> | 986853 | 942787 |
| Structured Asset Investment Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-3, 4.54% (1 Month USD LIBOR + 0.15%, Rate Floor: 0.15%) due 06/25/36<sup>◊</sup> | 355808 | 339817 |
| &nbsp;&nbsp;&nbsp;2004-BNC2, 5.59% (1 Month USD LIBOR + 1.20%, Rate Floor: 1.20%) due 12/25/34<sup>◊</sup> | 295269 | 288430 |
| Nomura Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-4R, 2.22% (1 Month USD LIBOR + 0.43%, Rate Floor: 0.43%) due 03/26/36<sup>◊,4</sup> | 649079 | 582011 |
| Impac Secured Assets Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-2, 4.73% (1 Month USD LIBOR + 0.34%, Rate Cap/Floor: 11.50%/0.34%) due 08/25/36<sup>◊</sup> | 571383 | 513887 |
| Alliance Bancorp Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-OA1, 4.87% (1 Month USD LIBOR + 0.48%, Rate Floor: 0.48%) due 07/25/37<sup>◊</sup> | 553565 | 452787 |
| UCFC Manufactured Housing Contract |  |  |
| &nbsp;&nbsp;&nbsp;1997-2, 7.38% due 10/15/28 | 167794 | 165609 |
| Morgan Stanley Re-REMIC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2010-R5, 2.18% due 06/26/36<sup>4</sup> | 124853 | 108859 |
| Morgan Stanley Resecuritization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2014-R9, 3.18% (1 Month USD LIBOR + 0.14%, Rate Floor: 0.14%) due 11/26/46<sup>◊,4</sup> | 74212 | 73345 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Residential Mortgage-Backed Securities - 9.5% (continued)** |  |  |
| Irwin Home Equity Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-1, 6.35% due 08/25/37<sup>4</sup> | 608 | $587 |
| **Total Residential Mortgage-Backed Securities** |  | 1658254149 |
| **Government Agency - 7.6%** |  |  |
| Uniform MBS 30 Year |  |  |
| &nbsp;&nbsp;&nbsp; due 02/01/23<sup>17</sup> | 1137056933 | 1065849880 |
| Fannie Mae |  |  |
| &nbsp;&nbsp;&nbsp;2.40% due 03/01/40 | 27004000 | 19315205 |
| &nbsp;&nbsp;&nbsp;3.83% due 05/01/49 | 19000000 | 16082373 |
| &nbsp;&nbsp;&nbsp;2.27% due 10/01/41 | 16935000 | 11302906 |
| &nbsp;&nbsp;&nbsp;3.42% due 09/01/47 | 12366861 | 10419414 |
| &nbsp;&nbsp;&nbsp;2.57% due 08/01/51 | 12327488 | 9152022 |
| &nbsp;&nbsp;&nbsp;2.07% due 10/01/50 | 12984305 | 9038760 |
| &nbsp;&nbsp;&nbsp; due 12/25/43<sup>12,14</sup> | 11664319 | 8811113 |
| &nbsp;&nbsp;&nbsp;2.00% due 09/01/50 | 11649846 | 8007981 |
| &nbsp;&nbsp;&nbsp;2.31% due 10/01/41 | 9435000 | 6344242 |
| &nbsp;&nbsp;&nbsp;1.76% due 08/01/40 | 9360000 | 6272439 |
| &nbsp;&nbsp;&nbsp;2.17% due 03/01/51 | 8638000 | 5825035 |
| &nbsp;&nbsp;&nbsp;2.44% due 10/01/51 | 8500000 | 5407267 |
| &nbsp;&nbsp;&nbsp;2.10% due 07/01/50 | 7391476 | 5167748 |
| &nbsp;&nbsp;&nbsp;2.43% due 12/01/51 | 7401000 | 5004479 |
| &nbsp;&nbsp;&nbsp;2.49% due 12/01/39 | 6680994 | 4985062 |
| &nbsp;&nbsp;&nbsp;2.41% due 12/01/41 | 7100000 | 4839448 |
| &nbsp;&nbsp;&nbsp;3.05% due 03/01/50 | 5963870 | 4798972 |
| &nbsp;&nbsp;&nbsp; due 10/25/43<sup>12,14</sup> | 5840322 | 4435312 |
| &nbsp;&nbsp;&nbsp;2.94% due 03/01/52 | 5771768 | 4407536 |
| &nbsp;&nbsp;&nbsp;2.51% due 10/01/46 | 5633368 | 4266450 |
| &nbsp;&nbsp;&nbsp;4.07% due 05/01/49 | 4658721 | 4170824 |
| &nbsp;&nbsp;&nbsp;2.52% due 12/01/41 | 5260672 | 3961820 |
| &nbsp;&nbsp;&nbsp;2.17% due 10/01/50 | 5116543 | 3581375 |
| &nbsp;&nbsp;&nbsp;2.99% due 01/01/40 | 4429000 | 3461310 |
| &nbsp;&nbsp;&nbsp;3.50% due 02/01/48 | 3802455 | 3252592 |
| &nbsp;&nbsp;&nbsp;4.24% due 08/01/48 | 3400000 | 3090314 |
| &nbsp;&nbsp;&nbsp;2.54% due 12/01/39 | 3668665 | 2847234 |
| &nbsp;&nbsp;&nbsp;2.42% due 10/01/51 | 3426890 | 2456965 |
| &nbsp;&nbsp;&nbsp;2.36% due 01/01/42 | 3500000 | 2361592 |
| &nbsp;&nbsp;&nbsp;2.96% due 10/01/49 | 2821551 | 2212110 |
| &nbsp;&nbsp;&nbsp;3.26% due 11/01/46 | 2349163 | 1967363 |
| &nbsp;&nbsp;&nbsp;2.92% due 03/01/50 | 2333989 | 1813883 |
| &nbsp;&nbsp;&nbsp;2.69% due 02/01/52 | 2467757 | 1810033 |
| &nbsp;&nbsp;&nbsp;2.51% due 07/01/50 | 2351128 | 1732626 |
| &nbsp;&nbsp;&nbsp;2.62% due 12/01/51 | 2314031 | 1685922 |
| &nbsp;&nbsp;&nbsp;2.93% due 03/01/52 | 2073065 | 1590367 |
| &nbsp;&nbsp;&nbsp;2.34% due 09/01/39 | 2130653 | 1541923 |
| &nbsp;&nbsp;&nbsp;2.68% due 04/01/50 | 1897193 | 1443646 |
| &nbsp;&nbsp;&nbsp;3.46% due 08/01/49 | 1654897 | 1388171 |
| &nbsp;&nbsp;&nbsp;3.74% due 02/01/48 | 1232383 | 1076830 |
| &nbsp;&nbsp;&nbsp;4.05% due 09/01/48 | 1139383 | 1025946 |
| &nbsp;&nbsp;&nbsp;2.32% due 07/01/50 | 1356452 | 963799 |
| &nbsp;&nbsp;&nbsp;2.25% due 10/01/50 | 1250393 | 905525 |
| &nbsp;&nbsp;&nbsp;3.96% due 06/01/49 | 946972 | 801338 |
| &nbsp;&nbsp;&nbsp;3.60% due 10/01/47 | 912683 | 783093 |
| &nbsp;&nbsp;&nbsp;3.01% due 04/01/42 | 1050000 | 761319 |
| &nbsp;&nbsp;&nbsp;4.00% due 12/01/38 | 768631 | 737155 |
| &nbsp;&nbsp;&nbsp;2.65% due 12/01/51 | 986160 | 715211 |
| &nbsp;&nbsp;&nbsp;3.18% due 09/01/42 | 837483 | 700134 |
| &nbsp;&nbsp;&nbsp;3.50% due 12/01/46 | 731706 | 678659 |
| &nbsp;&nbsp;&nbsp;3.63% due 01/01/37 | 702897 | 622410 |
| &nbsp;&nbsp;&nbsp;3.91% due 07/01/49 | 664254 | 596390 |
| &nbsp;&nbsp;&nbsp;4.50% due 03/01/48 | 590068 | 577802 |
| &nbsp;&nbsp;&nbsp;3.36% due 12/01/39 | 681125 | 559983 |
| &nbsp;&nbsp;&nbsp;3.50% due 12/01/45 | 598783 | 557218 |
| &nbsp;&nbsp;&nbsp;4.00% due 01/01/46 | 565534 | 541691 |
| &nbsp;&nbsp;&nbsp;2.75% due 11/01/31 | 609861 | 536591 |
| &nbsp;&nbsp;&nbsp;3.50% due 11/01/47 | 555394 | 514829 |
| &nbsp;&nbsp;&nbsp;2.56% due 05/01/39 | 593563 | 451887 |
| &nbsp;&nbsp;&nbsp;3.00% due 07/01/46 | 496106 | 444358 |
| &nbsp;&nbsp;&nbsp;4.50% due 02/01/45 | 311415 | 305922 |
| &nbsp;&nbsp;&nbsp;4.33% due 09/01/48 | 328309 | 305446 |
| &nbsp;&nbsp;&nbsp;4.22% due 04/01/49 | 315000 | 277665 |
| &nbsp;&nbsp;&nbsp;5.00% due 12/01/44 | 251427 | 253363 |
| &nbsp;&nbsp;&nbsp;3.50% due 08/01/43 | 216482 | 202406 |
| &nbsp;&nbsp;&nbsp;5.00% due 05/01/44 | 200957 | 201463 |
| &nbsp;&nbsp;&nbsp;4.50% due 05/01/47 | 173887 | 170819 |
| &nbsp;&nbsp;&nbsp;2.06% due 09/01/36 | 140000 | 100554 |
| &nbsp;&nbsp;&nbsp;2.28% due 01/01/51 | 69391 | 49476 |
| Fannie Mae-Aces |  |  |
| &nbsp;&nbsp;&nbsp;1.47% (WAC) due 03/25/35<sup>◊,9</sup> | 210834782 | 21996688 |
| Freddie Mac Seasoned Credit Risk Transfer Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.00% due 11/25/59 | 11748477 | 9670776 |
| &nbsp;&nbsp;&nbsp;2.00% due 05/25/60 | 9597681 | 7934577 |
| FARM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2.18% (WAC) due 01/25/51<sup>◊,4</sup> | 10882964 | 8993270 |
| Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;3.26% due 09/01/45 | 2156791 | 1836733 |
| &nbsp;&nbsp;&nbsp;5.00% due 09/01/52 | 1141210 | 1146470 |
| &nbsp;&nbsp;&nbsp;4.50% due 08/01/52 | 1173072 | 1137855 |
| &nbsp;&nbsp;&nbsp;1.96% due 05/01/50 | 1548717 | 1029669 |
| &nbsp;&nbsp;&nbsp;3.50% due 01/01/44 | 853095 | 797932 |
| &nbsp;&nbsp;&nbsp;4.00% due 02/01/46 | 617248 | 588520 |
| &nbsp;&nbsp;&nbsp;4.00% due 01/15/46 | 536326 | 527453 |
| &nbsp;&nbsp;&nbsp;4.00% due 11/01/45 | 500874 | 480610 |
| &nbsp;&nbsp;&nbsp;3.00% due 08/01/46 | 527772 | 473227 |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/48 | 234296 | 229918 |
| Freddie Mac Multifamily Structured Pass Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;0.64% (WAC) due 12/25/24<sup>◊,9</sup> | 41690257 | 373040 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Government Agency - 7.6% (continued)** |  |  |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;0.13% due 05/25/46<sup>4,9</sup> | 555623146 | $13280 |
| **Total Government Agency** |  | 1339753014 |
| **Commercial Mortgage-Backed Securities - 1.9%** |  |  |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 6.32% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 09/15/36<sup>◊,4</sup> | 60050000 | 55844602 |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 5.97% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 09/15/36<sup>◊,4</sup> | 52000000 | 48649796 |
| &nbsp;&nbsp;&nbsp;2019-XL, 6.45% (1 Month Term SOFR + 2.11%, Rate Floor: 2.11%) due 10/15/36<sup>◊,4</sup> | 6162500 | 5929757 |
| &nbsp;&nbsp;&nbsp;2022-LP2, 6.30% (1 Month Term SOFR + 1.96%, Rate Floor: 1.96%) due 02/15/39<sup>◊,4</sup> | 5848857 | 5446330 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-NYAH, 6.16% (1 Month USD LIBOR + 1.84%, Rate Floor: 1.84%) due 06/15/38<sup>◊,4</sup> | 14350000 | 13593735 |
| &nbsp;&nbsp;&nbsp;2016-JP3, 3.40% (WAC) due 08/15/49<sup>◊</sup> | 10290000 | 8498905 |
| &nbsp;&nbsp;&nbsp;2021-NYAH, 6.51% (1 Month USD LIBOR + 2.19%, Rate Floor: 2.19%) due 06/15/38<sup>◊,4</sup> | 8000000 | 7478068 |
| &nbsp;&nbsp;&nbsp;2016-JP3, 1.33% (WAC) due 08/15/49<sup>◊,9</sup> | 59788323 | 2327338 |
| SMRT |  |  |
| &nbsp;&nbsp;&nbsp;2022-MINI, 6.29% (1 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 01/15/39<sup>◊,4</sup> | 32500000 | 30219790 |
| Life Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-BMR, 6.67% (1 Month USD LIBOR + 2.35%, Rate Floor: 2.35%) due 03/15/38<sup>◊,4</sup> | 19167918 | 18085684 |
| &nbsp;&nbsp;&nbsp;2021-BMR, 6.07% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 03/15/38<sup>◊,4</sup> | 5160593 | 4882160 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-ESH, 6.57% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 07/15/38<sup>◊,4</sup> | 12202403 | 11682036 |
| &nbsp;&nbsp;&nbsp;2021-ESH, 6.02% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 07/15/38<sup>◊,4</sup> | 6296440 | 6043716 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-GC43, 0.62% (WAC) due 11/10/52<sup>◊,9</sup> | 218649230 | 6942944 |
| &nbsp;&nbsp;&nbsp;2019-GC41, 1.04% (WAC) due 08/10/56<sup>◊,9</sup> | 103380484 | 4771102 |
| &nbsp;&nbsp;&nbsp;2016-C2, 1.73% (WAC) due 08/10/49<sup>◊,9</sup> | 32488458 | 1487916 |
| &nbsp;&nbsp;&nbsp;2016-P4, 1.90% (WAC) due 07/10/49<sup>◊,9</sup> | 28283143 | 1378945 |
| &nbsp;&nbsp;&nbsp;2016-P5, 1.38% (WAC) due 10/10/49<sup>◊,9</sup> | 25315638 | 993515 |
| &nbsp;&nbsp;&nbsp;2016-GC37, 1.65% (WAC) due 04/10/49<sup>◊,9</sup> | 17252847 | 701861 |
| &nbsp;&nbsp;&nbsp;2015-GC35, 0.72% (WAC) due 11/10/48<sup>◊,9</sup> | 28495612 | 461367 |
| &nbsp;&nbsp;&nbsp;2015-GC29, 1.02% (WAC) due 04/10/48<sup>◊,9</sup> | 18411966 | 340778 |
| &nbsp;&nbsp;&nbsp;2016-C3, 1.00% (WAC) due 11/15/49<sup>◊,9</sup> | 10063432 | 304352 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C38, 0.97% (WAC) due 07/15/50<sup>◊,9</sup> | 65601079 | 2122759 |
| &nbsp;&nbsp;&nbsp;2016-BNK1, 1.72% (WAC) due 08/15/49<sup>◊,9</sup> | 34912421 | 1637235 |
| &nbsp;&nbsp;&nbsp;2017-RB1, 1.20% (WAC) due 03/15/50<sup>◊,9</sup> | 33126333 | 1327700 |
| &nbsp;&nbsp;&nbsp;2016-C32, 4.73% (WAC) due 01/15/59<sup>◊</sup> | 1400000 | 1297848 |
| &nbsp;&nbsp;&nbsp;2017-C42, 0.86% (WAC) due 12/15/50<sup>◊,9</sup> | 34188115 | 1165110 |
| &nbsp;&nbsp;&nbsp;2016-C35, 1.88% (WAC) due 07/15/48<sup>◊,9</sup> | 22901514 | 1136357 |
| &nbsp;&nbsp;&nbsp;2015-NXS4, 1.02% (WAC) due 12/15/48<sup>◊,9</sup> | 37750074 | 884246 |
| &nbsp;&nbsp;&nbsp;2017-RC1, 1.39% (WAC) due 01/15/60<sup>◊,9</sup> | 17161571 | 786765 |
| &nbsp;&nbsp;&nbsp;2016-NXS5, 1.42% (WAC) due 01/15/59<sup>◊,9</sup> | 22269251 | 715293 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Commercial Mortgage-Backed Securities - 1.9% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2015-C30, 0.88% (WAC) due 09/15/58<sup>◊,9</sup> | 28972802 | $544101 |
| &nbsp;&nbsp;&nbsp;2015-P2, 0.93% (WAC) due 12/15/48<sup>◊,9</sup> | 22419900 | 498220 |
| &nbsp;&nbsp;&nbsp;2016-C37, 0.81% (WAC) due 12/15/49<sup>◊,9</sup> | 11633562 | 264105 |
| &nbsp;&nbsp;&nbsp;2015-NXS1, 1.07% (WAC) due 05/15/48<sup>◊,9</sup> | 8098561 | 143707 |
| BENCHMARK Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-B14, 0.78% (WAC) due 12/15/62<sup>◊,9</sup> | 108603163 | 3448411 |
| &nbsp;&nbsp;&nbsp;2020-IG3, 3.13% (WAC) due 09/15/48<sup>◊,4</sup> | 5232000 | 3245364 |
| &nbsp;&nbsp;&nbsp;2018-B2, 0.41% (WAC) due 02/15/51<sup>◊,9</sup> | 107548022 | 1668038 |
| &nbsp;&nbsp;&nbsp;2018-B6, 0.41% (WAC) due 10/10/51<sup>◊,9</sup> | 60491446 | 882800 |
| &nbsp;&nbsp;&nbsp;2018-B6, 4.61% (WAC) due 10/10/51<sup>◊</sup> | 750000 | 658831 |
| GS Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-GC45, 0.67% (WAC) due 02/13/53<sup>◊,9</sup> | 153250475 | 4985958 |
| &nbsp;&nbsp;&nbsp;2019-GC42, 0.81% (WAC) due 09/01/52<sup>◊,9</sup> | 69397989 | 2687944 |
| &nbsp;&nbsp;&nbsp;2017-GS6, 1.01% (WAC) due 05/10/50<sup>◊,9</sup> | 41195804 | 1464601 |
| &nbsp;&nbsp;&nbsp;2017-GS6, 3.87% due 05/10/50 | 521000 | 452940 |
| &nbsp;&nbsp;&nbsp;2015-GC28, 0.97% (WAC) due 02/10/48<sup>◊,9</sup> | 14842203 | 225192 |
| GS Mortgage Securities Corporation Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-UPTN, 3.25% (WAC) due 02/10/37<sup>◊,4</sup> | 5350000 | 4684113 |
| &nbsp;&nbsp;&nbsp;2020-DUNE, 5.67% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 12/15/36<sup>◊,4</sup> | 3750000 | 3630056 |
| &nbsp;&nbsp;&nbsp;2020-DUNE, 6.22% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 12/15/36<sup>◊,4</sup> | 1000000 | 943873 |
| JPMDB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C7, 0.83% (WAC) due 10/15/50<sup>◊,9</sup> | 125926009 | 3670290 |
| &nbsp;&nbsp;&nbsp;2016-C4, 3.64% (WAC) due 12/15/49<sup>◊</sup> | 2650000 | 2233657 |
| &nbsp;&nbsp;&nbsp;2016-C4, 0.75% (WAC) due 12/15/49<sup>◊,9</sup> | 81618352 | 1898190 |
| &nbsp;&nbsp;&nbsp;2016-C2, 1.49% (WAC) due 06/15/49<sup>◊,9</sup> | 23781885 | 879083 |
| &nbsp;&nbsp;&nbsp;2017-C5, 0.89% (WAC) due 03/15/50<sup>◊,9</sup> | 7573186 | 203857 |
| COMM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-COR3, 0.44% (WAC) due 05/10/51<sup>◊,9</sup> | 196140919 | 3723755 |
| &nbsp;&nbsp;&nbsp;2015-CR26, 0.90% (WAC) due 10/10/48<sup>◊,9</sup> | 76704440 | 1477665 |
| &nbsp;&nbsp;&nbsp;2015-CR24, 0.69% (WAC) due 08/10/48<sup>◊,9</sup> | 39925907 | 566505 |
| &nbsp;&nbsp;&nbsp;2015-CR23, 0.86% (WAC) due 05/10/48<sup>◊,9</sup> | 35844880 | 550645 |
| &nbsp;&nbsp;&nbsp;2015-CR27, 0.91% (WAC) due 10/10/48<sup>◊,9</sup> | 25478993 | 510209 |
| &nbsp;&nbsp;&nbsp;2013-CR13, 0.72% (WAC) due 11/10/46<sup>◊,9</sup> | 34561914 | 176235 |
| &nbsp;&nbsp;&nbsp;2014-LC15, 1.05% (WAC) due 04/10/47<sup>◊,9</sup> | 8989772 | 76278 |
| DBGS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-C1, 4.63% (WAC) due 10/15/51<sup>◊</sup> | 7588000 | 6680336 |
| KKR Industrial Portfolio Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-KDIP, 5.87% (1 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 12/15/37<sup>◊,4</sup> | 6562500 | 6144475 |
| BANK |  |  |
| &nbsp;&nbsp;&nbsp;2020-BN25, 0.44% (WAC) due 01/15/63<sup>◊,9</sup> | 140000000 | 3443790 |
| &nbsp;&nbsp;&nbsp;2017-BNK6, 0.77% (WAC) due 07/15/60<sup>◊,9</sup> | 39426426 | 1042214 |
| &nbsp;&nbsp;&nbsp;2017-BNK4, 1.34% (WAC) due 05/15/50<sup>◊,9</sup> | 10792715 | 474130 |
| CSAIL Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-C15, 1.03% (WAC) due 03/15/52<sup>◊,9</sup> | 94533326 | 4073498 |
| &nbsp;&nbsp;&nbsp;2015-C1, 0.82% (WAC) due 04/15/50<sup>◊,9</sup> | 49122812 | 606903 |
| &nbsp;&nbsp;&nbsp;2016-C6, 1.86% (WAC) due 01/15/49<sup>◊,9</sup> | 4874238 | 228695 |
| UBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C2, 1.08% (WAC) due 08/15/50<sup>◊,9</sup> | 39302178 | 1460453 |
| &nbsp;&nbsp;&nbsp;2017-C5, 1.07% (WAC) due 11/15/50<sup>◊,9</sup> | 42443082 | 1393075 |
| CD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-CD6, 0.88% (WAC) due 11/13/50<sup>◊,9</sup> | 40986221 | 1141761 |
| &nbsp;&nbsp;&nbsp;2016-CD1, 1.37% (WAC) due 08/10/49<sup>◊,9</sup> | 29419259 | 1045649 |
| &nbsp;&nbsp;&nbsp;2016-CD2, 0.56% (WAC) due 11/10/49<sup>◊,9</sup> | 29798993 | 484770 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 20.2% (continued)** | | |
| **Commercial Mortgage-Backed Securities - 1.9% (continued)** |  |  |
| CD Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-CD4, 1.23% (WAC) due 05/10/50<sup>◊,9</sup> | 25818276 | $1022435 |
| &nbsp;&nbsp;&nbsp;2017-CD3, 0.97% (WAC) due 02/10/50<sup>◊,9</sup> | 32046469 | 964012 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-C2, 0.76% (WAC) due 12/15/51<sup>◊,9</sup> | 57473944 | 1968121 |
| CGMS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-B1, 0.74% (WAC) due 08/15/50<sup>◊,9</sup> | 59435764 | 1637170 |
| JPMCC Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-JP6, 1.03% (WAC) due 07/15/50<sup>◊,9</sup> | 47957519 | 1539173 |
| JPMBB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-C27, 1.15% (WAC) due 02/15/48<sup>◊,9</sup> | 66865352 | 1245320 |
| &nbsp;&nbsp;&nbsp;2013-C12, 0.36% (WAC) due 07/15/45<sup>◊,9</sup> | 24917029 | 14165 |
| Morgan Stanley Bank of America Merrill Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-C27, 0.87% (WAC) due 12/15/47<sup>◊,9</sup> | 61619175 | 1050601 |
| CFCRE Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C3, 0.98% (WAC) due 01/10/48<sup>◊,9</sup> | 36653220 | 892913 |
| Bank of America Merrill Lynch Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-BNK3, 1.01% (WAC) due 02/15/50<sup>◊,9</sup> | 21271608 | 700989 |
| DBJPM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2017-C6, 0.91% (WAC) due 06/10/50<sup>◊,9</sup> | 20444386 | 599618 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-UBS9, 4.60% (WAC) due 03/15/49<sup>◊</sup> | 275000 | 234885 |
| SG Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2016-C5, 1.88% (WAC) due 10/10/48<sup>◊,9</sup> | 5139494 | 229349 |
| WFRBS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2013-C12, 0.91% (WAC) due 03/15/48<sup>◊,4,9</sup> | 796891 | 18 |
| **Total Commercial Mortgage-Backed Securities** |  | 333851151 |
| **Military Housing - 1.2%** |  |  |
| Freddie Mac Military Housing Bonds Resecuritization Trust Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2015-R1, 4.49% (WAC) due 11/25/55<sup>◊,4</sup> | 112190519 | 100894998 |
| &nbsp;&nbsp;&nbsp;2015-R1, 4.44% (WAC) due 11/25/52<sup>◊,4</sup> | 21223481 | 19119428 |
| &nbsp;&nbsp;&nbsp;2015-R1, 4.32% (WAC) due 10/25/52<sup>◊,4</sup> | 13350742 | 11465014 |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 11/25/55<sup>◊,4,9</sup> | 168931758 | 10914275 |
| Capmark Military Housing Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-RILY, 6.15% due 07/10/51<sup>†††,4</sup> | 12694452 | 11947130 |
| &nbsp;&nbsp;&nbsp;2008-AMCW, 6.90% due 07/10/55<sup>†††,4</sup> | 8133170 | 8593996 |
| &nbsp;&nbsp;&nbsp;2007-AETC, 5.75% due 02/10/52<sup>†††,4</sup> | 7200658 | 6819455 |
| &nbsp;&nbsp;&nbsp;2007-ROBS, 6.06% due 10/10/52<sup>†††,4</sup> | 4552455 | 4273207 |
| &nbsp;&nbsp;&nbsp;2006-RILY, 2.09% (1 Month USD LIBOR + 0.37%, Rate Floor: 0.37%) due 07/10/51<sup>◊,†††,4</sup> | 6809313 | 4270869 |
| &nbsp;&nbsp;&nbsp;2007-AET2, 6.06% due 10/10/52<sup>†††,4</sup> | 2990657 | 2710164 |
| GMAC Commercial Mortgage Asset Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2007-HCKM, 6.11% due 08/10/52<sup>†††,4</sup> | 21610521 | 21392903 |
| &nbsp;&nbsp;&nbsp;2005-DRUM, 5.47% due 05/10/50<sup>†††,4</sup> | 4391468 | 3777848 |
| &nbsp;&nbsp;&nbsp;2002-MEAD, 6.85% due 05/10/37<sup>†††,4</sup> | 3147002 | 3351211 |
| &nbsp;&nbsp;&nbsp;2005-BLIS, 5.25% due 07/10/50<sup>†††,4</sup> | 2500000 | 1991650 |
| **Total Military Housing** |  | 211522148 |
| **Total Collateralized Mortgage Obligations** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,967,035,318) |  | 3543380462 |
| **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 10.4%** |  |  |
| U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 11/15/32 | 503176000 | 513475384 |
| &nbsp;&nbsp;&nbsp;2.63% due 05/31/27 | 244730000 | 230686705 |
| &nbsp;&nbsp;&nbsp;2.38% due 03/31/29 | 4200000 | 3819047 |
| &nbsp;&nbsp;&nbsp;1.50% due 10/31/24 | 2100000 | 1989668 |
| &nbsp;&nbsp;&nbsp;1.50% due 01/31/27 | 1200000 | 1083422 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 10.4% (continued)** | | | |
| &nbsp;&nbsp;&nbsp;1.38% due 11/15/31 |  | 347000 | $282426 |
| U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;2.00% due 08/15/51<sup>,13</sup> |  | 800000000 | 523812496 |
| &nbsp;&nbsp;&nbsp;2.38% due 11/15/49 |  | 900000 | 650461 |
| U.S. Treasury Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp; due 02/15/46<sup>12,14</sup> |  | 354745000 | 136101672 |
| &nbsp;&nbsp;&nbsp; due 05/15/44<sup>12,14</sup> |  | 302165000 | 124020941 |
| &nbsp;&nbsp;&nbsp; due 11/15/51<sup>12,14</sup> |  | 275000000 | 88398313 |
| &nbsp;&nbsp;&nbsp; due 02/15/52<sup>12,14</sup> |  | 143820000 | 46225110 |
| &nbsp;&nbsp;&nbsp; due 11/15/44<sup>12,14</sup> |  | 70650000 | 28251706 |
| &nbsp;&nbsp;&nbsp; due 08/15/51<sup>12,14</sup> |  | 43990000 | 14300083 |
| &nbsp;&nbsp;&nbsp;2.88% due 08/15/45 |  | 2630000 | 2117561 |
| U.S. Treasury Strip Principal |  |  |  |
| &nbsp;&nbsp;&nbsp; due 02/15/51<sup>12,14</sup> |  | 310000000 | 102029807 |
| **Total U.S. Government Securities** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,263,679,475) |  |  | 1817244802 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 6.6%** |  |  |  |
| **Consumer, Cyclical - 1.6%** |  |  |  |
| MB2 Dental Solutions LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.42% (1 Month Term SOFR + 6.00%, Rate Floor: 7.00%) due 01/29/27<sup>†††</sup> |  | 60024672 | 58947919 |
| &nbsp;&nbsp;&nbsp;10.42% (1 Month Term SOFR + 6.00%, Rate Floor: 7.00%) due 01/29/27<sup>†††</sup> |  | 16498061 | 16202111 |
| Packers Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.54% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 03/09/28 |  | 35942596 | 31292703 |
| Zephyr Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.21% (1 Month GBP SONIA + 4.75%, Rate Floor: 5.44%) due 07/23/25 | GBP | 23950000 | 23596772 |
| Verisure Holding AB |  |  |  |
| &nbsp;&nbsp;&nbsp;5.38% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 03/27/28 | EUR | 18453721 | 18297585 |
| &nbsp;&nbsp;&nbsp;3.75% (6 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 07/20/26 | EUR | 2790000 | 2813815 |
| Pacific Bells LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.34% (3 Month Term SOFR + 4.50%, Rate Floor: 5.00%) due 11/10/28 |  | 21586894 | 20219796 |
| Mavis Tire Express Services TopCo Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.50% (1 Month Term SOFR + 4.00%, Rate Floor: 5.75%) due 05/04/28 |  | 16242303 | 15464946 |
| BCP V Modular Services Holdings IV Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.70% (3 Month EURIBOR + 4.50%, Rate Floor: 4.50%) due 12/15/28 | EUR | 14800000 | 14711710 |
| Flamingo |  |  |  |
| &nbsp;&nbsp;&nbsp;5.64% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 03/24/28 | EUR | 14654688 | 14272979 |
| CNT Holdings I Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.24% (3 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 11/08/27 |  | 13937351 | 13466965 |
| Loire Finco Luxembourg SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 04/21/27 |  | 14055241 | 13094846 |
| BGIS (BIFM CA Buyer, Inc.) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26 |  | 12191534 | 11612436 |
| New Trojan Parent, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.55% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 01/06/28 |  | 13839250 | 9514484 |
| Adevinta ASA |  |  |  |
| &nbsp;&nbsp;&nbsp;5.20% (3 Month EURIBOR + 3.00%, Rate Floor: 3.00%) due 06/26/28 | EUR | 8983333 | 9347304 |
| Fertitta Entertainment LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 01/27/29 |  | 3078844 | 2921453 |
| SP PF Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.88% (1 Month USD LIBOR + 4.50%, Rate Floor: 4.50%) due 12/22/25 |  | 3330789 | 2176471 |
| PAI Holdco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.16% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 10/28/27 |  | 2154605 | 1889330 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 6.6% (continued)** | | | |
| **Consumer, Cyclical - 1.6% (continued)** |  |  |  |
| Rent-A-Center, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.69% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.75%) due 02/17/28 |  | 491250 | $472214 |
| **Total Consumer, Cyclical** |  |  | 280315839 |
| **Consumer, Non-cyclical - 1.4%** |  |  |  |
| Quirch Foods Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.99% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 10/27/27<sup>†††</sup> |  | 38422171 | 34964176 |
| Bombardier Recreational Products, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.38% (1 Month USD LIBOR + 2.00%, Rate Floor: 2.00%) due 05/24/27 |  | 33398990 | 32271774 |
| PetIQ LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.75%) due 04/13/28 |  | 27909024 | 25118121 |
| National Mentor Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.33% ((1 Month USD LIBOR + 3.75%) and (3 Month USD LIBOR + 3.75%), Rate Floor: 4.50%) due 03/02/28 |  | 27853527 | 19389118 |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 03/02/28 |  | 538426 | 374803 |
| Southern Veterinary Partners LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 5.00%) due 10/05/27 |  | 18348178 | 17537739 |
| Mission Veterinary Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;7.37% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/27/28<sup>†††</sup> |  | 19058750 | 16962287 |
| Sigma Holding BV (Flora Food) |  |  |  |
| &nbsp;&nbsp;&nbsp;3.74% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/02/25 | EUR | 17000000 | 15710571 |
| Women's Care Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.87% (6 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 01/17/28 |  | 15836296 | 14777323 |
| Nidda Healthcare Holding GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;5.39% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 08/21/26 | EUR | 12766306 | 12476442 |
| Blue Ribbon LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.12% (1 Month USD LIBOR + 6.00%, Rate Floor: 6.75%) due 05/08/28 |  | 13921875 | 10319590 |
| HAH Group Holding Co. LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.43% (1 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/29/27 |  | 10818499 | 10291097 |
| Confluent Health LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 11/30/28 |  | 8577142 | 7262009 |
| Elsan SAS |  |  |  |
| &nbsp;&nbsp;&nbsp;5.43% (3 Month EURIBOR + 3.35%, Rate Floor: 3.35%) due 06/16/28 | EUR | 4500000 | 4520724 |
| Pearl Intermediate Parent LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 02/14/25 |  | 4738776 | 4440470 |
| Elanco Animal Health, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.87% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 08/02/27 |  | 4543604 | 4355454 |
| Spectrum Brands, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.60% (3 Month USD LIBOR + 2.00%, Rate Floor: 2.50%) due 03/03/28 |  | 2603418 | 2551350 |
| IQVIA, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.20% (3 Month EURIBOR + 2.00%, Rate Floor: 2.00%) due 03/07/24 | EUR | 1835451 | 1960455 |
| Kronos Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.48% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/26 |  | 488391 | 463361 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 6.6% (continued)** | | | |
| **Consumer, Non-cyclical - 1.4% (continued)** |  |  |  |
| Aveanna Healthcare LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;4.25% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 07/17/28 |  | 172210 | $133893 |
| **Total Consumer, Non-cyclical** |  |  | 235880757 |
| **Industrial - 1.1%** |  |  |  |
| United Airlines, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.11% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 04/21/28 |  | 40380750 | 39797652 |
| Mileage Plus Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;10.00% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27 |  | 27450000 | 28198012 |
| American Bath Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 11/23/27 |  | 22700559 | 19822128 |
| TransDigm, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 12/09/25 |  | 14613273 | 14417163 |
| &nbsp;&nbsp;&nbsp;6.98% (3 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/30/25 |  | 4075171 | 4027125 |
| Merlin Buyer, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28 |  | 18489913 | 17288069 |
| Hunter Douglas, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.86% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/26/29 |  | 19651250 | 17212333 |
| CapStone Acquisition Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.13% (1 Month USD LIBOR + 4.75%, Rate Floor: 5.75%) due 11/12/27<sup>†††</sup> |  | 8618451 | 8252167 |
| Air Canada |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (3 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 08/11/28 |  | 8282689 | 8168802 |
| Fugue Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp;5.20% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 08/30/24 | EUR | 7766000 | 8026336 |
| DXP Enterprises, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.95% (6 Month Term SOFR + 5.25%, Rate Floor: 6.25%) due 12/23/27 |  | 5813839 | 5515880 |
| Service Logic Acquisition, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.41% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 10/29/27 |  | 4486592 | 4239830 |
| Hillman Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.14% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 07/14/28 |  | 3476195 | 3366938 |
| Dispatch Terra Acquisition LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.98% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 03/27/28 |  | 3835242 | 3221603 |
| IFCO Management GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;3.73% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 05/29/26 | EUR | 2870000 | 2898771 |
| Filtration Group Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.40% (1 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 03/31/25 | EUR | 2701158 | 2789307 |
| AI Convoy Luxembourg SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.53% (6 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 01/18/27 | EUR | 1846832 | 1879073 |
| Icebox Holdco III, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.23% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.25%) due 12/22/28 |  | 1944364 | 1788815 |
| YAK MAT (YAK ACCESS LLC) |  |  |  |
| &nbsp;&nbsp;&nbsp;13.64% (3 Month USD LIBOR + 10.00%, Rate Floor: 10.00%) due 07/10/26 |  | 7240000 | 760200 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 6.6% (continued)** | | | |
| **Industrial - 1.1% (continued)** |  |  |  |
| API Heat Transfer |  |  |  |
| &nbsp;&nbsp;&nbsp;14.67% (3 Month USD LIBOR, Rate Floor: 0.00%) (in-kind rate was 14.67%) due 01/01/24<sup>†††,15</sup> |  | 57283 | $29214 |
| &nbsp;&nbsp;&nbsp;14.67% (3 Month USD LIBOR, Rate Floor: 0.00%) (in-kind rate was 14.67%) due 10/02/23<sup>†††,15</sup> |  | 10220 | 8687 |
| **Total Industrial** |  |  | 191708105 |
| **Technology - 0.9%** |  |  |  |
| Datix Bidco Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.69% (6 Month GBP SONIA + 4.50%, Rate Floor: 5.19%) due 04/28/25<sup>†††</sup> | GBP | 45800000 | 54077442 |
| Planview Parent, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.73% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 12/17/27 |  | 27288077 | 25265758 |
| RLDatix |  |  |  |
| &nbsp;&nbsp;&nbsp;8.95% (6 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 04/27/25<sup>†††</sup> |  | 19781561 | 19320650 |
| Team.Blue Finco SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;5.90% (3 Month EURIBOR + 3.70%, Rate Floor: 3.70%) due 03/30/28 | EUR | 16802288 | 16893165 |
| Peraton Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 02/01/28 |  | 14722710 | 14351550 |
| Project Boost Purchaser LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.00%) due 05/29/26 |  | 6116831 | 5891304 |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/01/26 |  | 3339699 | 3212890 |
| Aston FinCo SARL |  |  |  |
| &nbsp;&nbsp;&nbsp;8.20% (1 Month GBP SONIA + 4.75%, Rate Floor: 4.75%) due 10/09/26<sup>†††</sup> | GBP | 5713290 | 6354239 |
| &nbsp;&nbsp;&nbsp;8.63% (1 Month USD LIBOR + 4.25%, Rate Floor: 4.25%) due 10/09/26<sup>†††</sup> |  | 631150 | 523855 |
| Athenahealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/15/29 |  | 6040659 | 5438768 |
| Apttus Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.66% (3 Month USD LIBOR + 4.25%, Rate Floor: 5.00%) due 05/08/28 |  | 4464321 | 4162979 |
| Boxer Parent Co., Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;5.90% (1 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 10/02/25 | EUR | 3992157 | 3998784 |
| Emerald TopCo, Inc. (Press Ganey) |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 07/24/26 |  | 736731 | 673188 |
| **Total Technology** |  |  | 160164572 |
| **Financial - 0.8%** |  |  |  |
| Higginbotham Insurance Agency, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;9.63% (1 Month USD LIBOR + 5.25%, Rate Floor: 6.00%) due 11/25/26<sup>†††</sup> |  | 28555748 | 27724776 |
| HighTower Holding LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.28% (3 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 04/21/28 |  | 22564375 | 20608721 |
| Jane Street Group LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 01/26/28 |  | 20959793 | 20311297 |
| Nexus Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 11/09/26 |  | 17396094 | 16631884 |
| Orion Advisor Solutions, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.16% (3 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 09/24/27 |  | 17327736 | 15746580 |
| Cross Financial Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.44% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.75%) due 09/15/27 |  | 8535393 | 8378939 |
| Jones Deslauriers Insurance Management, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Canada Banker Acceptance Rate + 4.25%, Rate Floor: 5.00%) due 03/27/28 | CAD | 11823514 | 8123725 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | | **Face<br> Amount<sup>~</sup>** | **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 6.6% (continued)** | | | |
| **Financial - 0.8% (continued)** |  |  |  |
| Alter Domus |  |  |  |
| &nbsp;&nbsp;&nbsp;8.06% (1 Month Term SOFR + 3.50%, Rate Floor: 4.25%) due 02/17/28 |  | 7641303 | $7412064 |
| Trans Union LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.75%) due 12/01/28 |  | 7133073 | 7053825 |
| Duff & Phelps |  |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (1 Month Term SOFR + 3.75%, Rate Floor: 3.75%) due 04/09/27 |  | 3382520 | 3153151 |
| **Total Financial** |  |  | 135144962 |
| **Basic Materials - 0.3%** |  |  |  |
| INEOS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;4.65% (1 Month EURIBOR + 2.75%, Rate Floor: 2.75%) due 01/29/26 | EUR | 31100000 | 31074019 |
| Trinseo Materials Operating S.C.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;6.88% (1 Month USD LIBOR + 2.50%, Rate Floor: 2.50%) due 05/03/28 |  | 10933500 | 10154488 |
| GrafTech Finance, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.50%) due 02/12/25 |  | 8705065 | 8596252 |
| Illuminate Buyer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 06/30/27 |  | 7249498 | 6929723 |
| **Total Basic Materials** |  |  | 56754482 |
| **Communications - 0.3%** |  |  |  |
| Syndigo LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.84% (1 Month USD LIBOR + 4.50%, Rate Floor: 5.25%) due 12/15/27 |  | 22516290 | 20264661 |
| Xplornet Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;8.38% (1 Month USD LIBOR + 4.00%, Rate Floor: 4.50%) due 10/02/28 |  | 9875000 | 7636634 |
| Authentic Brands |  |  |  |
| &nbsp;&nbsp;&nbsp;7.92% (1 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 12/21/28 |  | 6952172 | 6717536 |
| UPC Broadband Holding BV |  |  |  |
| &nbsp;&nbsp;&nbsp;7.24% (1 Month USD LIBOR + 2.93%, Rate Floor: 2.93%) due 01/31/29 |  | 5730575 | 5587310 |
| McGraw Hill LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (3 Month USD LIBOR + 4.75%, Rate Floor: 5.25%) due 07/28/28 |  | 4968888 | 4666084 |
| Radiate Holdco LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.63% (1 Month USD LIBOR + 3.25%, Rate Floor: 4.00%) due 09/25/26 |  | 2441085 | 1973983 |
| Zayo Group Holdings, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.38% (1 Month USD LIBOR + 3.00%, Rate Floor: 3.00%) due 03/09/27 |  | 1652094 | 1333587 |
| Flight Bidco, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 07/23/25 |  | 732077 | 672369 |
| SFR Group S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;7.77% (3 Month USD LIBOR + 3.69%, Rate Floor: 3.69%) due 02/02/26 |  | 612869 | 566395 |
| **Total Communications** |  |  | 49418559 |
| **Energy - 0.1%** |  |  |  |
| ITT Holdings LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 07/10/28 |  | 13274963 | 13075838 |
| Venture Global Calcasieu Pass LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;7.01% (1 Month USD LIBOR + 2.63%, Rate Floor: 2.63%) due 08/19/26<sup>†††</sup> |  | 12016661 | 12046703 |
| **Total Energy** |  |  | 25122541 |
| **Utilities - 0.1%** |  |  |  |
| Hamilton Projects Acquiror LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;9.23% (3 Month USD LIBOR + 4.50%, Rate Floor: 5.50%) due 06/17/27 |  | 15795529 | 15525742 |
| **Bank Loans - 0.0%** |  |  |  |
| Athenahealth Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;due 02/15/29 |  | 257246 | 256269 |
| **Total Senior Floating Rate Interests** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,267,371,766) |  |  | 1150291828 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **FEDERAL AGENCY BONDS<sup>††</sup> - 1.2%** | | |
| Tennessee Valley Authority |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 09/15/65 | 138205000 | $119020349 |
| &nbsp;&nbsp;&nbsp;4.63% due 09/15/60 | 42258000 | 39277290 |
| &nbsp;&nbsp;&nbsp;5.38% due 04/01/56 | 8960000 | 9434056 |
| &nbsp;&nbsp;&nbsp; due 09/15/53<sup>9,14</sup> | 1612000 | 323092 |
| &nbsp;&nbsp;&nbsp; due 09/15/55<sup>9,14</sup> | 1612000 | 290971 |
| &nbsp;&nbsp;&nbsp; due 09/15/56<sup>9,14</sup> | 1612000 | 275225 |
| &nbsp;&nbsp;&nbsp; due 03/15/57<sup>9,14</sup> | 1612000 | 268100 |
| &nbsp;&nbsp;&nbsp; due 09/15/57<sup>9,14</sup> | 1612000 | 261160 |
| &nbsp;&nbsp;&nbsp; due 09/15/58<sup>9,14</sup> | 1612000 | 247814 |
| &nbsp;&nbsp;&nbsp; due 03/15/59<sup>9,14</sup> | 1612000 | 241400 |
| &nbsp;&nbsp;&nbsp; due 09/15/59<sup>9,14</sup> | 1612000 | 235151 |
| &nbsp;&nbsp;&nbsp; due 09/15/60<sup>9,14</sup> | 1612000 | 223135 |
| &nbsp;&nbsp;&nbsp; due 09/15/54<sup>9,14</sup> | 1020000 | 194009 |
| &nbsp;&nbsp;&nbsp; due 03/15/61<sup>9,14</sup> | 1020000 | 138048 |
| &nbsp;&nbsp;&nbsp; due 09/15/61<sup>9,14</sup> | 1020000 | 134481 |
| &nbsp;&nbsp;&nbsp; due 09/15/62<sup>9,14</sup> | 1020000 | 127129 |
| &nbsp;&nbsp;&nbsp; due 03/15/63<sup>9,14</sup> | 1020000 | 123838 |
| &nbsp;&nbsp;&nbsp; due 09/15/63<sup>9,14</sup> | 1020000 | 120632 |
| &nbsp;&nbsp;&nbsp; due 09/15/64<sup>9,14</sup> | 1020000 | 114467 |
| &nbsp;&nbsp;&nbsp; due 03/15/65<sup>9,14</sup> | 1020000 | 113821 |
| &nbsp;&nbsp;&nbsp; due 09/15/65<sup>9,14</sup> | 1020000 | 110441 |
| Tennessee Valley Authority Principal Strips |  |  |
| &nbsp;&nbsp;&nbsp; due 01/15/48<sup>12,14</sup> | 38400000 | 10304294 |
| &nbsp;&nbsp;&nbsp; due 12/15/42<sup>12,14</sup> | 23785000 | 8434660 |
| &nbsp;&nbsp;&nbsp; due 01/15/38<sup>12,14</sup> | 15800000 | 7362373 |
| &nbsp;&nbsp;&nbsp; due 09/15/65<sup>12,14</sup> | 3500000 | 378963 |
| &nbsp;&nbsp;&nbsp; due 09/15/39<sup>12,14</sup> | 570000 | 240887 |
| &nbsp;&nbsp;&nbsp; due 04/01/56<sup>12,14</sup> | 540000 | 94733 |
| Federal Farm Credit Bank |  |  |
| &nbsp;&nbsp;&nbsp;3.00% due 03/08/32 | 4100000 | 3546197 |
| &nbsp;&nbsp;&nbsp;2.04% due 12/22/45 | 2870000 | 1614504 |
| &nbsp;&nbsp;&nbsp;3.11% due 08/05/48 | 1500000 | 1097618 |
| &nbsp;&nbsp;&nbsp;2.43% due 01/29/37 | 720000 | 546331 |
| &nbsp;&nbsp;&nbsp;2.90% due 12/09/41 | 720000 | 506223 |
| &nbsp;&nbsp;&nbsp;2.84% due 06/01/46 | 720000 | 476572 |
| &nbsp;&nbsp;&nbsp;2.60% due 09/06/39 | 250000 | 176650 |
| &nbsp;&nbsp;&nbsp;2.59% due 12/30/41 | 180000 | 121499 |
| &nbsp;&nbsp;&nbsp;2.74% due 11/01/39 | 144000 | 103930 |
| &nbsp;&nbsp;&nbsp;2.59% due 08/24/46 | 140000 | 88567 |
| &nbsp;&nbsp;&nbsp;3.67% due 02/26/44 | 70000 | 57702 |
| Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;2.05% due 08/19/50 | 2010000 | 1077444 |
| &nbsp;&nbsp;&nbsp;2.02% due 10/05/45 | 720000 | 406290 |
| &nbsp;&nbsp;&nbsp;2.25% due 09/15/50 | 360000 | 202131 |
| Federal Home Loan Bank |  |  |
| &nbsp;&nbsp;&nbsp;2.45% due 08/16/41 | 540000 | 356065 |
| &nbsp;&nbsp;&nbsp;3.63% due 06/22/43 | 350000 | 287654 |
| **Total Federal Agency Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $325,464,450) |  | 208755896 |
| **MUNICIPAL BONDS<sup>††</sup> - 0.8%** |  |  |
| **New York - 0.3%** |  |  |
| Westchester County Local Development Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.85% due 11/01/50 | 40000000 | 27601140 |
| Port Authority of New York & New Jersey Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.14% due 02/15/51 | 23045000 | 16304591 |
| **Total New York** |  | 43905731 |
| **California - 0.2%** |  |  |
| California Statewide Communities Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;7.14% due 08/15/47 | 10500000 | 11114027 |
| California Public Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.07% due 10/15/40 | 8000000 | 5754430 |
| &nbsp;&nbsp;&nbsp;2.55% due 01/01/40 | 3600000 | 2607507 |
| Oakland Unified School District/Alameda County General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;2.87% due 08/01/35 | 7405000 | 5770625 |
| &nbsp;&nbsp;&nbsp;3.12% due 08/01/40 | 600000 | 442793 |
| San Mateo Foster City School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;3.06% due 08/01/44 | 6125000 | 4311073 |
| California State University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.98% due 11/01/51 | 5000000 | 3459363 |
| Oakland Redevelopment Agency Successor Agency Tax Allocation |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 09/01/39 | 1100000 | 948173 |
| Hillsborough City School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 09/01/37<sup>14</sup> | 1000000 | 456787 |
| &nbsp;&nbsp;&nbsp; due 09/01/39<sup>14</sup> | 1000000 | 401687 |
| **Total California** |  | 35266465 |
| **Texas - 0.2%** |  |  |
| Dallas Fort Worth International Airport Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.09% due 11/01/40 | 13800000 | 10727557 |
| City of San Antonio Texas Electric & Gas Systems Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.91% due 02/01/48 | 10500000 | 7390255 |
| Wylie Independent School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 08/15/46<sup>14</sup> | 8885000 | 2966560 |
| Central Texas Regional Mobility Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.17% due 01/01/41 | 3000000 | 2232456 |
| Central Texas Turnpike System Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.03% due 08/15/41 | 3150000 | 2231412 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount<sup>~</sup>** | **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 0.8% (continued)** | | |
| **Texas - 0.2% (continued)** |  |  |
| Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.42% due 09/01/50 | 2500000 | $1693765 |
| Harris County-Houston Sports Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 11/15/45<sup>14</sup> | 2850000 | 917477 |
| &nbsp;&nbsp;&nbsp; due 11/15/41<sup>14</sup> | 1500000 | 603901 |
| Harris County Cultural Education Facilities Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.34% due 11/15/37 | 1500000 | 1211609 |
| Dallas/Fort Worth International Airport Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.92% due 11/01/50 | 1300000 | 909918 |
| Grand Parkway Transportation Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.31% due 10/01/49 | 1000000 | 695756 |
| **Total Texas** |  | 31580666 |
| **Illinois - 0.0%** |  |  |
| State of Illinois General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;5.65% due 12/01/38 | 5200000 | 5092803 |
| &nbsp;&nbsp;&nbsp;6.63% due 02/01/35 | 1820000 | 1897925 |
| City of Chicago Illinois General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;6.31% due 01/01/44 | 4500000 | 4512484 |
| **Total Illinois** |  | 11503212 |
| **Mississippi - 0.1%** |  |  |
| Medical Center Educational Building Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.92% due 06/01/41 | 11800000 | 8298391 |
| **Alabama - 0.0%** |  |  |
| Auburn University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.68% due 06/01/50 | 6500000 | 3862618 |
| **North Carolina - 0.0%** |  |  |
| Inlivian Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.02% due 01/01/38 | 4125000 | 3458660 |
| **Ohio - 0.0%** |  |  |
| County of Franklin Ohio Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 11/01/50 | 4000000 | 2410223 |
| **Washington - 0.0%** |  |  |
| Central Washington University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.95% due 05/01/40 | 1750000 | 1948451 |
| **Arizona - 0.0%** |  |  |
| Northern Arizona University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.09% due 08/01/39 | 2350000 | 1770782 |
| **Florida - 0.0%** |  |  |
| County of Miami-Dade Florida Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 10/01/41<sup>14</sup> | 4100000 | 1642296 |
| **Oklahoma - 0.0%** |  |  |
| Tulsa Airports Improvement Trust Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.10% due 06/01/45 | 1000000 | 693598 |
| Oklahoma Development Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.65% due 08/15/30 | 450000 | 389899 |
| **Total Oklahoma** |  | 1083497 |
| **Pennsylvania - 0.0%** |  |  |
| Pennsylvania Economic Development Financing Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp; due 01/01/41<sup>14</sup> | 995000 | 395676 |
| **Idaho - 0.0%** |  |  |
| Boise State University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.06% due 04/01/40 | 250000 | 181191 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $196,309,317) |  | 147307859 |
| **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.1%** |  |  |
| Panama Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 04/16/50 | 22700000 | 17112047 |
| Bermuda Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;3.38% due 08/20/50<sup>4</sup> | 8400000 | 5941826 |
| **Total Foreign Government Debt** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $33,804,477) |  | 23053873 |
| **SENIOR FIXED RATE INTERESTS<sup>†††</sup> - 0.0%** |  |  |
| **Industrial - 0.0%** |  |  |
| CTL Logistics |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 10/10/42 | 6992578 | 5356035 |
| **Total Senior Fixed Rate Interests** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,992,578) |  | 5356035 |
| **COMMERCIAL PAPER<sup>††</sup> - 0.2%** |  |  |
| Becton Dickinson & Co Ltd |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 01/03/23<sup>4,16</sup> | 20000000 | 19995000 |
| Cintas Corporation No. 2 |  |  |
| &nbsp;&nbsp;&nbsp;4.45% due 01/03/23<sup>4,16</sup> | 9000000 | 8997775 |
| &nbsp;&nbsp;&nbsp;3.56% due 01/03/23<sup>4,16</sup> | 6000000 | 5998517 |
| **Total Commercial Paper** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $34,991,292) |  | 34991292 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Contracts/<br>Notional<br> Value** | **Contracts/<br>Notional<br> Value** | **Value** |
| **OTC OPTIONS PURCHASED<sup>††</sup> - 0.1%** | | | |
| **Call Options on:** | | |  |
| **Interest Rate Options** | | |  |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 510300000 | $2162677 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 506250000 | 2145513 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 510300000 | 1901602 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 508900000 | 1896385 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 253750000 | 1075405 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 251100000 | 1064174 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 207200000 | 878124 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley Capital Services LLC 10Y-2Y SOFR CMS CAP<br> Expiring June 2024 with strike price of $0.10 | USD | 207200000 | 772119 |
| **Total Interest Rate Options** |  |  | 11895999 |
| **Total OTC Options Purchased** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $12,606,709) |  |  | 11895999 |
| **Total Investments - 105.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $21,561,925,740) |  |  | $18455390245 |
| **Other Assets & Liabilities, net - (5.3)%** |  |  | (920706455) |
| **Total Net Assets - 100.0%** |  |  | $17534683790 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | | | |
| **Description** | **Number of Contracts** | <br>**Expiration Date** |<br>**Notional Amount** |<br>**Value and Unrealized<br> Depreciation<sup>\*\*</sup>** |
| **Interest Rate Futures Contracts Purchased<sup>†</sup>** | **Interest Rate Futures Contracts Purchased<sup>†</sup>** |  |  |  |
| 3-Month SOFR Futures Contracts | 4570 | Mar 2024 | $1090459125 | $(2910982) |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | **Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>** | | | | | |
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed Rate** | **Payment Frequency** | <br>**Maturity Date** | <br>**Notional Amount** | <br>**Value** | <br>**Upfront Premiums Paid** | <br>**Unrealized Depreciation<sup>\*\*</sup>** |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 3.45% | Annually | 09/26/32 | $237700000 | $(2119744) | $2141 | $(2121885) |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 2.81% | Annually | 07/05/32 | 700000000 | (42149751) | 5603 | (42155354) |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 2.78% | Annually | 07/18/27 | 2220000000 | (93110907) | 9334 | (93120241) |
|  |  |  |  |  |  |  | $(137380402) | $17078 | $(137397480) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | | | |
| **Counterparty** | **Currency** | **Type** | **Quantity** | <br>**Contract Amount** | <br>**Settlement Date** | <br>**Unrealized Appreciation (Depreciation)** |
| Barclays Bank plc | GBP | Sell | 75155000 | 93,136,585 USD | 01/17/23 | $2247358 |
| Barclays Bank plc | EUR | Buy | 16650000 | 17,718,180 USD | 01/17/23 | 131218 |
| Citibank, N.A. | CAD | Buy | 3545000 | 2,597,420 USD | 01/17/23 | 21822 |
| JPMorgan Chase Bank, N.A. | EUR | Buy | 2355000 | 2,503,710 USD | 01/17/23 | 20935 |
| Barclays Bank plc | GBP | Buy | 250000 | 301,715 USD | 01/17/23 | 625 |
| Bank of America, N.A. | CAD | Sell | 14820000 | 10,934,187 USD | 01/17/23 | (15648) |
| Barclays Bank plc | EUR | Sell | 4000000 | 4,278,228 USD | 03/31/23 | (31766) |
| Barclays Bank plc | EUR | Sell | 266085000 | 283,464,778 USD | 01/17/23 | (1787926) |
|  |  |  |  |  |  | $586618 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | |
|:---|:---|
| *<sup>~</sup>* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *<sup>1</sup>* | *Special Purpose Acquisition Company (SPAC).* |
| *<sup>2</sup>* | *Affiliated issuer.* |
| *<sup>3</sup>* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *<sup>4</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $8,069,832,048 (cost $9,229,208,939), or 46.0% of total net assets.* |
| *<sup>5</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>6</sup>* | *Perpetual maturity.* |
| *<sup>7</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $466,866,506 (cost $49,009,500), or 2.7% of total net assets — See Note 6.* |
| *<sup>8</sup>* | *Security is in default of interest and/or principal obligations.* |
| *<sup>9</sup>* | *Security is an interest-only strip.* |
| *<sup>10</sup>* | *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.* |
| *<sup>11</sup>* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2022. See table below for additional step information for each security.* |
| *<sup>12</sup>* | *Security is a principal-only strip.* |
| *<sup>13</sup>* | *All or a portion of this security is pledged as futures collateral at December 31, 2022.* |
| *<sup>14</sup>* | *Zero coupon rate security.* |
| *<sup>15</sup>* | *Payment-in-kind security.* |
| *<sup>16</sup>*<br> *<sup>17</sup>* | *Rate indicated is the effective yield at the time of purchase.*<br> *Security is unsettled and does not have stated effective rate.* |

---

*BofA — Bank of America*

*CAD — Canadian Dollar*

*CME — Chicago Mercantile Exchange*

*CMS — Constant Maturity Swap*

*CMT — Constant Maturity Treasury*

*EUR — Euro*

*EURIBOR — European Interbank Offered Rate*

*GBP — British Pound*

*LIBOR — London Interbank Offered Rate*

*plc — Public Limited Company*

*REMIC — Real Estate Mortgage Investment Conduit*

*REIT — Real Estate Investment Trust*

*SARL — Société à Responsabilité Limitée*

*SOFR — Secured Overnight Financing Rate*

*SONIA — Sterling Overnight Index Average*

*WAC — Weighted Average Coupon*

 

*See Sector Classification in Other Information section.*

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $37504184 | $— | $1382 | $37505566 |
| Preferred Stocks |  | 957993678 | — \* | 957993678 |
| Warrants | 95218 | 6031 | 103 | 101352 |
| Exchange-Traded Funds | 42172000 |  |  | 42172000 |
| Mutual Funds | 68190159 |  |  | 68190159 |
| Money Market Funds | 440859269 |  |  | 440859269 |
| Corporate Bonds |  | 5167409872 | 278740749 | 5446150621 |
| Asset-Backed Securities |  | 4034485674 | 485654133 | 4520139807 |
| Collateralized Mortgage Obligations |  | 3361754093 | 181626369 | 3543380462 |
| U.S. Government Securities |  | 1817244802 |  | 1817244802 |
| Senior Floating Rate Interests |  | 894877602 | 255414226 | 1150291828 |
| Federal Agency Bonds |  | 208755896 |  | 208755896 |
| Municipal Bonds |  | 147307859 |  | 147307859 |
| Foreign Government Debt |  | 23053873 |  | 23053873 |
| Senior Fixed Rate Interests |  |  | 5356035 | 5356035 |
| Commercial Paper |  | 34991292 |  | 34991292 |
| Options Purchased |  | 11895999 |  | 11895999 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 2421958 |  | 2421958 |
| Total Assets | $588820830 | $16662198629 | $1206792997 | $18457812456 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Interest Rate Futures Contracts\*\* | $2910982 | $— | $— | $2910982 |
| Interest Rate Swap Agreements\*\* |  | 137397480 |  | 137397480 |
| Forward Foreign Currency Exchange Contracts\*\* |  | 1835340 |  | 1835340 |
| Unfunded Loan Commitments (Note 5) |  |  | 642706 | 642706 |
| Total Liabilities | $2910982 | $139232820 | $642706 | $142786508 |

---

*\** *Security has a market value of $0.*

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at December 31, 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $223100961 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Asset-Backed Securities | 129415916 | Yield Analysis | Yield | 6.0%-6.8% | 6.5% |
| Asset-Backed Securities | 70162545 | Third Party Pricing | Broker Quote |  |  |
| Asset-Backed Securities | 55264003 | Third Party Pricing | Vendor Price |  |  |
| Asset-Backed Securities | 7710708 | Model Price | Purchase Price |  |  |
| Collateralized Mortgage Obligations | 112497936 | Model Price | Market Comparable Yields | 7.7% |  |
| Collateralized Mortgage Obligations | 69128433 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Common Stocks | 932 | Model Price | Liquidation Value |  |  |
| Common Stocks | 450 | Enterprise Value | Valuation Multiple | 2.7x-11.8x | 5.3x |
| Corporate Bonds | 196531237 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | 81494567 | Yield Analysis | Yield | 6.1%-6.4% | 6.2% |
| Corporate Bonds | 714945 | Model Price | Purchase Price |  |  |
| Senior Fixed Rate Interests | 5356035 | Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Senior Floating Rate Interests | 67056724 | Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | 176310799 | Yield Analysis | Yield | 10.2%-10.9% | 10.6% |
| Senior Floating Rate Interests | 12046703 | Third Party Pricing | Vendor Price |  |  |
| Warrants | 103 | Model Price | Liquidation Value |  |  |
| Total Assets | $1206792997 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $642706 | &nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |

---

*\** *Inputs are weighted by the fair value of the instruments.*

Significant changes in a quote, yield, market comparable yields, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security. Any remaining Level 3 securities held by the Fund and excluded from the table above, were not considered material to the Fund.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had securities with a total value of $17,486,142 transfer into Level 3 from Level 2 due to a lack of observable inputs and had securities with a total value of $78,427,782 transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

**Summary of Fair Value Level 3 Activity**

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | | | **Liabilities** |
| | **Asset-Backed Securities** | **Collateralized Mortgage Obligations** | **Corporate Bonds** | **Senior Floating Rate Interests** | **Warrants** | **Common Stocks** | **Senior Fixed Rate Interests** |<br>**Total<br> Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $529446053 | $179915422 | $465953250 | $332581132 | $103 | $1382 | $5402287 | $1513299629 | $(1043263) |
| Purchases/(Receipts) | 75628867 |  |  | 3687744 |  |  |  | 79316611 | (2732) |
| (Sales, maturities and paydowns)/Fundings | (127017846) | (189887) | (189672856) | (20685260) |  |  | (58893) | (337624742) | 158930 |
| Amortization of premiums/discounts | 307614 | (13597) | (6437) | 418670 |  |  |  | 706250 | 2014 |
| Total realized gains (losses) included in earnings | (13491235) | (22163) | (35799831) | (905727) |  |  |  | (50218956) | (101041) |
| Total change in unrealized appreciation (depreciation) included in earnings | 20780680 | 1936594 | 38266623 | 1259307 |  |  | 12641 | 62255845 | 343386 |
| Transfers into Level 3 |  |  |  | 17486142 |  |  |  | 17486142 |  |
| Transfers out of Level 3 | - | - | - | (78427782) | - | - | - | (78427782) | - |
| Ending Balance | $485654133 | $181626369 | $278740749 | $255414226 | $103 | $1382 | $5356035 | $1206792997 | $(642706) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2022 | $(331421) | $1936594 | $(763195) | $3308005 | $- | $- | $12641 | $4162624 | $97842 |

---

---

| | |
|:---|:---|
| **Total Return Bond Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Coupon Rate at Next Reset Date** | **Next Rate Reset Date** | **Future Reset Rate** | **Future Reset Date** |
| BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70 | 6.13% | 01/30/25 |  |  |
| BRAVO Residential Funding Trust 2021-C, 1.62% due 03/01/61 | 4.62% | 09/26/24 | 5.62% | 09/26/25 |
| Citigroup Mortgage Loan Trust 2022-A, 6.17% due 09/25/62 | 9.17% | 09/25/25 | 10.17% | 09/25/26 |
| GCAT Trust 2022-NQM5, 5.71% due 08/25/67 | 6.71% | 10/01/26 |  |  |
| Legacy Mortgage Asset Trust 2021-GS3, 1.75% due 07/25/61 | 4.75% | 05/26/24 | 5.75% | 05/26/25 |
| Legacy Mortgage Asset Trust 2021-GS5, 2.25% due 07/25/67 | 5.25% | 11/26/24 | 6.25% | 11/26/25 |
| Legacy Mortgage Asset Trust 2021-GS2, 1.75% due 04/25/61 | 4.75% | 04/26/24 | 5.75% | 04/26/25 |
| NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62 | 8.25% | 07/01/25 | 9.25% | 07/01/26 |
| OBX Trust 2022-NQM8, 6.10% due 09/25/62 | 7.10% | 10/01/26 |  |  |
| OBX Trust 2022-NQM9, 6.45% due 09/25/62 | 7.45% | 11/01/26 |  |  |
| OSAT Trust 2021-RPL1, 2.12% due 05/25/65 | 5.12% | 06/26/24 | 6.12% | 06/26/25 |
| PRPM LLC 2022-1, 3.72% due 02/25/27 | 6.72% | 02/25/25 | 7.72% | 02/25/26 |
| PRPM LLC 2021-5, 1.79% due 06/25/26 | 4.79% | 06/26/24 | 5.79% | 06/26/25 |
| Verus Securitization Trust 2022-8, 6.13% due 09/25/67 | 7.13% | 10/01/26 |  |  |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments ("GI"), result in that company being considered an affiliated issuer, as defined in the 1940 Act.

The Fund may invest in certain of the underlying series of Guggenheim Strategy Funds Trust, including Guggenheim Strategy Fund II and Guggenheim Strategy Fund III, (collectively, the "Short Term Investment Vehicles"), each of which are open-end management investment companies managed by GI. The Short Term Investment Vehicles, which launched on March 11, 2014, are offered as short term investment options only to mutual funds, trusts, and other accounts managed by GI and/or its affiliates, and are not available to the public. The Short Term Investment Vehicles pay no investment management fees. The Short Term Investment Vehicles' annual report on Form N-CSR dated September 30, 2022, is available publicly or upon request. This information is available from the EDGAR database on the SEC's website at https://www.sec.gov/Archives/edgar/data/1601445/000182126822000340/gug84768.htm. The Fund may invest in certain of the underlying series of Guggenheim Funds Trust, which are open-end management investment companies managed by GI, are available to the public and whose most recent annual report on Form N-CSR is available publicly or upon request.

Transactions during the period ended December 31, 2022, in which the company is an affiliated issuer, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Name** | **Value 09/30/22** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 12/31/22** | **Shares 12/31/22** | **Investment Income** |
| **Common Stocks** | **Common Stocks** |  |  |  |  |  |  |  |
| BP Holdco LLC <sup>\*</sup> | $323 | $– | $– | $– | $– | $323 | 532 | $– |
| **Mutual Funds** |  |  |  |  |  |  |  |  |
| Guggenheim Strategy Fund II | 26646371 | 317794 |  |  | 78589 | 27042754 | 1124907 | 316235 |
| Guggenheim Strategy Fund III | 14383324 | 183798 |  |  | 24306 | 14591428 | 606460 | 183082 |
| Guggenheim Ultra Short Duration Fund — Institutional Class | 26156766 | 262028 | – | – | 137183 | 26555977 | 2754769 | 259601 |
|  | $67186784 | $763620 | $– | $– | $240078 | $68190482 |  | $758918 |

---

*\** *Non-income producing security.*

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value** |
| **MONEY MARKET FUNDS<sup>†</sup> - 2.0%** | | |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 3.90%<sup>1</sup> | 6661947 | $6661947 |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.17%<sup>1</sup> | 3783487 | 3783487 |
| **Total Money Market Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $10,445,434) |  | 10445434 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 41.7%** | | |
| **Collateralized Loan Obligations - 33.4%** |  |  |
| Lake Shore MM CLO III LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A1R, 5.56% (3 Month USD LIBOR + 1.48%, Rate Floor: 1.48%) due 10/17/31<sup>◊,2</sup> | $11350000 | 11121488 |
| HERA Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 AS, 5.64% (1 Month USD LIBOR + 1.30%, Rate Floor: 1.30%) due 02/18/38<sup>◊,2</sup> | 5000000 | 4672090 |
| &nbsp;&nbsp;&nbsp;2021-FL1 A, 5.39% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 02/18/38<sup>◊</sup> | 4250000 | 4100925 |
| BXMT Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-FL2 A, 5.34% (1 Month Term SOFR + 1.01%, Rate Floor: 0.90%) due 02/15/38<sup>◊,2</sup> | 3843913 | 3795444 |
| &nbsp;&nbsp;&nbsp;2020-FL2 AS, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 02/15/38<sup>◊,2</sup> | 2550000 | 2501177 |
| &nbsp;&nbsp;&nbsp;2020-FL3 AS, 5.67% (30 Day Average SOFR + 1.86%, Rate Floor: 1.75%) due 11/15/37<sup>◊,2</sup> | 2500000 | 2430126 |
| ABPCI Direct Lending Fund CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A1R, 5.74% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/20/31<sup>◊,2</sup> | 8250000 | 8033032 |
| Palmer Square Loan Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A B, 6.08% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 05/20/29<sup>◊,2</sup> | 4500000 | 4298802 |
| &nbsp;&nbsp;&nbsp;2021-1A A1, 5.14% (3 Month USD LIBOR + 0.90%, Rate Floor: 0.90%) due 04/20/29<sup>◊,2</sup> | 2273736 | 2248875 |
| &nbsp;&nbsp;&nbsp;2022-1A A2, 5.46% (3 Month Term SOFR + 1.60%, Rate Floor: 1.60%) due 04/15/30<sup>◊,2</sup> | 1000000 | 962139 |

---

---

| | | |
|:---|:---|:---|
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-3A AR, 5.10% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 04/19/29<sup>◊,2</sup> | 6250457 | 6166580 |
| Golub Capital Partners CLO 49M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-49A AR, 5.77% (3 Month USD LIBOR + 1.53%, Rate Floor: 1.53%) due 08/26/33<sup>◊,2</sup> | 6250000 | 5993699 |
| CHCP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 A, 5.49% (1 Month Term SOFR + 1.16%, Rate Floor: 1.05%) due 02/15/38<sup>◊,2</sup> | 6099406 | 5918657 |
| ABPCI Direct Lending Fund IX LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A A1R, 5.76% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/18/31<sup>◊,2</sup> | 5700000 | 5536856 |
| LCM XXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-24A AR, 5.22% (3 Month USD LIBOR + 0.98%, Rate Floor: 0.98%) due 03/20/30<sup>◊,2</sup> | 5593578 | 5523658 |
| ABPCI Direct Lending Fund CLO VII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-7A A1R, 5.79% (3 Month USD LIBOR + 1.43%, Rate Floor: 1.43%) due 10/20/31<sup>◊,2</sup> | 5500000 | 5300466 |
| FS Rialto |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/16/36<sup>◊</sup> | 5500000 | 5234521 |
| Shackleton CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-8A A1R, 5.16% (3 Month USD LIBOR + 0.92%, Rate Floor: 0.00%) due 10/20/27<sup>◊,2</sup> | 5070551 | 5027926 |
| LCCM Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 A, 5.77% (1 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 11/15/38<sup>◊,2</sup> | 4100000 | 3931245 |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 6.22% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 12/13/38<sup>◊,2</sup> | 1000000 | 949101 |
| Carlyle Global Market Strategies CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-4A A1RR, 5.08% (3 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 01/15/31<sup>◊,2</sup> | 4927378 | 4867853 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 41.7% (continued)** | | |
| **Collateralized Loan Obligations - 33.4% (continued)** |  |  |
| Cerberus Loan Funding XXXV, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-5A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 09/22/33<sup>◊,2</sup> | $5000000 | $4767637 |
| Golub Capital Partners CLO 54M, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-54A A, 6.06% (3 Month USD LIBOR + 1.53%, Rate Floor: 1.53%) due 08/05/33<sup>◊,2</sup> | 4750000 | 4528430 |
| Parliament CLO II Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A, 6.03% (3 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 08/20/32<sup>◊,2</sup> | 4500000 | 4426587 |
| Owl Rock CLO IV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-4A A1R, 6.28% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 08/20/33<sup>◊,2</sup> | 4500000 | 4299516 |
| Golub Capital Partners CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-16A A1R2, 5.97% (3 Month USD LIBOR + 1.61%, Rate Floor: 1.61%) due 07/25/33<sup>◊,2</sup> | 4250000 | 4071635 |
| BRSP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL1 B, 6.24% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 08/19/38<sup>◊,2</sup> | 4250000 | 3955176 |
| Madison Park Funding XLVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-48A B, 5.68% (3 Month USD LIBOR + 1.45%, Rate Floor: 1.45%) due 04/19/33<sup>◊,2</sup> | 4000000 | 3867751 |
| Golub Capital Partners CLO 33M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-33A AR2, 6.62% (3 Month USD LIBOR + 1.86%, Rate Floor: 1.86%) due 08/25/33<sup>◊,2</sup> | 3750000 | 3493200 |
| MidOcean Credit CLO VII |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A A1R, 5.12% (3 Month USD LIBOR + 1.04%, Rate Floor: 0.00%) due 07/15/29<sup>◊,2</sup> | 3146615 | 3103873 |
| Cerberus Loan Funding XXX, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-3A A, 5.93% (3 Month USD LIBOR + 1.85%, Rate Floor: 1.85%) due 01/15/33<sup>◊,2</sup> | 3000000 | 2934537 |

---

---

| | | |
|:---|:---|:---|
| ABPCI Direct Lending Fund CLO II LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.84% (3 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/20/32<sup>◊,2</sup> | 3000000 | 2890333 |
| BDS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL8 C, 5.89% (1 Month USD LIBOR + 1.55%, Rate Floor: 1.55%) due 01/18/36<sup>◊,2</sup> | 2000000 | 1864121 |
| &nbsp;&nbsp;&nbsp;2021-FL8 D, 6.24% (1 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/18/36<sup>◊,2</sup> | 1000000 | 917427 |
| Woodmont Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-7A A1A, 5.98% (3 Month USD LIBOR + 1.90%, Rate Floor: 1.90%) due 01/15/32<sup>◊,2</sup> | 2750000 | 2725153 |
| Cerberus Loan Funding XXXI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/32<sup>◊,2</sup> | 2455088 | 2414672 |
| Cerberus Loan Funding XXXII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-2A A, 5.70% (3 Month USD LIBOR + 1.62%, Rate Floor: 1.62%) due 04/22/33<sup>◊,2</sup> | 2500000 | 2402903 |
| THL Credit Lake Shore MM CLO I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.78% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 04/15/33<sup>◊,2</sup> | 2250000 | 2195301 |
| Venture XIV CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-14A ARR, 5.77% (3 Month USD LIBOR + 1.03%, Rate Floor: 1.03%) due 08/28/29<sup>◊,2</sup> | 2210190 | 2180586 |
| ABPCI Direct Lending Fund CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1A2, 5.94% (3 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 07/20/33<sup>◊,2</sup> | 2250000 | 2163252 |
| Cerberus Loan Funding XXXIII, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A, 5.64% (3 Month USD LIBOR + 1.56%, Rate Floor: 1.56%) due 07/23/33<sup>◊,2</sup> | 2250000 | 2156672 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 41.7% (continued)** | | |
| **Collateralized Loan Obligations - 33.4% (continued)** |  |  |
| Cerberus Loan Funding XXXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-6A A, 5.48% (3 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 11/22/33<sup>◊,2</sup> | $2063878 | $2054717 |
| Cerberus Loan Funding XXVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A AR, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 04/15/31<sup>◊,2</sup> | 2000000 | 1970545 |
| Fortress Credit Opportunities XI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-11A A1T, 5.38% (3 Month USD LIBOR + 1.30%, Rate Floor: 0.00%) due 04/15/31<sup>◊,2</sup> | 1800000 | 1758149 |
| LoanCore Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-CRE2 AS, 5.82% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/36<sup>◊,2</sup> | 1135902 | 1123592 |
| &nbsp;&nbsp;&nbsp;2018-CRE1 AS, 5.82% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 05/15/28<sup>◊,2</sup> | 592312 | 591121 |
| Madison Park Funding LIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2022-53A B, 5.74% (3 Month Term SOFR + 1.75%, Rate Floor: 1.75%) due 04/21/35<sup>◊,2</sup> | 1750000 | 1664983 |
| Allegro CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-3A A, 5.24% (3 Month USD LIBOR + 1.17%, Rate Floor: 1.17%) due 10/16/31<sup>◊,2</sup> | 1500000 | 1457215 |
| Wellfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2020-2A A1R, 5.30% (3 Month USD LIBOR + 1.06%, Rate Floor: 0.00%) due 10/20/29<sup>◊,2</sup> | 1462990 | 1445851 |
| BCC Middle Market CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A A1R, 5.58% (3 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 10/15/33<sup>◊,2</sup> | 1250000 | 1206847 |
| STWD Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 04/18/38<sup>◊,2</sup> | 1000000 | 936585 |
| Greystone Commercial Real Estate Notes |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL3 B, 5.97% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 07/15/39<sup>◊,2</sup> | 1000000 | 925125 |

---

---

| | | |
|:---|:---|:---|
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-9A X, 4.74% (3 Month USD LIBOR + 0.50%, Rate Floor: 0.50%) due 01/20/33<sup>◊,2</sup> | 857143.0 | 854346 |
| ACRE Commercial Mortgage Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL4 AS, 5.44% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 12/18/37<sup>◊,2</sup> | 850000.0 | 816351 |
| Fortress Credit Opportunities VI CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-6A A2R, 5.51% (3 Month USD LIBOR + 1.60%, Rate Floor: 0.00%) due 07/10/30<sup>◊,2</sup> | 250000.0 | 245102 |
| &nbsp;&nbsp;&nbsp;2018-6A A1TR, 5.27% (3 Month USD LIBOR + 1.36%, Rate Floor: 0.00%) due 07/10/30<sup>◊,2</sup> | 227734.0 | 223608 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-2A X, 4.89% (3 Month USD LIBOR + 0.65%, Rate Floor: 0.65%) due 07/20/32<sup>◊,2</sup> | 375000.0 | 374137 |
| Golub Capital Partners CLO 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-17A A1R, 6.01% (3 Month USD LIBOR + 1.65%, Rate Floor: 0.00%) due 10/25/30<sup>◊,2</sup> | 350000.0 | 344327 |
| Newfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A A1R, 5.19% (3 Month USD LIBOR + 0.95%, Rate Floor: 0.00%) due 04/20/28<sup>◊,2</sup> | 246255.0 | 245431 |
| Marathon CLO V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2017-5A A1R, 5.55% (3 Month USD LIBOR + 0.87%, Rate Floor: 0.00%) due 11/21/27<sup>◊,2</sup> | 89163.0 | 88955 |
| **Total Collateralized Loan Obligations** |  | 178300409 |
| **Whole Business - 2.6%** |  |  |
| Applebee's Funding LLC / IHOP Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 4.19% due 06/05/49<sup>2</sup> | 5346000.0 | 5252916 |
| Domino's Pizza Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2018-1A, 4.33% due 07/25/48<sup>2</sup> | 4310400.0 | 3985361 |
| Taco Bell Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.95% due 08/25/51<sup>2</sup> | 3217500.0 | 2718862 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 41.7% (continued)** | | |
| **Whole Business - 2.6% (continued)** |  |  |
| Wingstop Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.84% due 12/05/50<sup>2</sup> | $1336500 | $1129449 |
| SERVPRO Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.88% due 10/25/49<sup>2</sup> | 970000 | 859192 |
| **Total Whole Business** |  | 13945780 |
| **Transport-Container - 1.8%** |  |  |
| Triton Container Finance VIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.86% due 03/20/46<sup>2</sup> | 6171563 | 5145626 |
| CLI Funding VIII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.64% due 02/18/46<sup>2</sup> | 2641863 | 2252648 |
| Textainer Marine Containers VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.68% due 02/20/46<sup>2</sup> | 1792000 | 1505155 |
| &nbsp;&nbsp;&nbsp;2020-1A, 2.73% due 08/21/45<sup>2</sup> | 670081 | 606698 |
| **Total Transport-Container** |  | 9510127 |
| **Financial - 1.5%** |  |  |
| Madison Avenue Secured Funding Trust Series |  |  |
| &nbsp;&nbsp;&nbsp;2022-1, 6.13% (1 Month Term SOFR + 1.85%, Rate Floor: 0.00%) due 10/12/23<sup>◊,†††,2</sup> | 4075000 | 4075000 |
| Station Place Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-SP1, 6.13% (1 Month Term SOFR + 1.85%, Rate Floor: 0.00%) due 10/12/23<sup>◊,†††,2</sup> | 4075000 | 4075000 |
| **Total Financial** |  | 8150000 |
| **Net Lease - 1.4%** |  |  |
| Oak Street Investment Grade Net Lease Fund Series |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 1.85% due 11/20/50<sup>2</sup> | 6504764 | 5773183 |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.98% due 03/15/61<sup>2</sup> | 2141371 | 1785361 |
| **Total Net Lease** |  | 7558544 |
| **Transport-Aircraft - 0.8%** |  |  |
| Raspro Trust |  |  |
| &nbsp;&nbsp;&nbsp;2005-1A, 5.17% (3 Month USD LIBOR + 0.93%, Rate Floor: 0.93%) due 03/23/24<sup>◊,2</sup> | 4727726 | 4667897 |
| **Collateralized Debt Obligations - 0.2%** |  |  |
| Anchorage Credit Funding 3 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-3A A1R, 2.87% due 01/28/39<sup>2</sup> | 1234307 | 1079078 |
| **Total Asset-Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $233,439,436) |  | 223211835 |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS<sup>††</sup> - 25.7%** | | |
| **Financial - 10.5%** |  |  |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;4.38% (SOFR Compounded Index + 0.56%) due 08/19/24<sup>◊,2</sup> | 11000000 | 10731106 |
| F&G Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;0.90% due 09/20/24<sup>2</sup> | 9700000 | 8863669 |
| Credit Suisse AG NY |  |  |
| &nbsp;&nbsp;&nbsp;4.45% (SOFR Compounded Index + 0.39%) due 02/02/24<sup>◊</sup> | 5250000 | 5022465 |
| Macquarie Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;1.20% due 10/14/25<sup>2,3</sup> | 5250000 | 4817879 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.61% (SOFR + 0.70%) due 01/24/25<sup>◊</sup> | 2600000 | 2561430 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.62% (SOFR + 0.69%) due 01/25/26<sup>◊</sup> | 2550000 | 2492597 |
| Jackson National Life Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 01/12/25<sup>2</sup> | 2600000 | 2413023 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;4.78% (SOFR Compounded Index + 0.96%) due 03/11/24<sup>◊</sup> | 2400000 | 2396190 |
| Starwood Property Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 12/31/24<sup>2</sup> | 2550000 | 2394490 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;4.77% (SOFR + 0.95%) due 02/18/26<sup>◊</sup> | 2400000 | 2362385 |
| FS KKR Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 02/14/25<sup>2</sup> | 2450000 | 2296414 |
| Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 10/15/26<sup>2</sup> | 2650000 | 2271480 |
| American Equity Investment Life Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/15/27 | 2150000 | 2035824 |
| GA Global Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;1.63% due 01/15/26<sup>2</sup> | 1300000 | 1154167 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 01/15/27 | 1150000 | 952166 |
| Brighthouse Financial Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;4.50% (SOFR + 0.76%) due 04/12/24<sup>◊,2</sup> | 900000 | 891252 |
| Peachtree Corners Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;3.98% due 02/15/25<sup>2</sup> | 650000 | 627432 |
| ING Groep N.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.74% (3 Month USD LIBOR + 1.00%) due 10/02/23<sup>◊</sup> | 500000 | 501229 |
| First American Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.60% due 11/15/24 | 500000 | 491756 |
| Fidelity & Guaranty Life Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 05/01/25<sup>2</sup> | 400000 | 394122 |
| Apollo Management Holdings, LP |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 05/30/24<sup>2</sup> | 350000 | 339535 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **CORPORATE BONDS<sup>††</sup> - 25.7% (continued)** | | |
| **Financial - 10.5% (continued)** |  |  |
| Reliance Standard Life Global Funding II |  |  |
| &nbsp;&nbsp;&nbsp;3.85% due 09/19/23<sup>2</sup> | $200000 | $197396 |
| **Total Financial** |  | 56208007 |
| **Technology - 4.3%** |  |  |
| Microchip Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.67% due 09/01/23 | 8070000 | 7919537 |
| HCL America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.38% due 03/10/26<sup>2</sup> | 7300000 | 6454735 |
| CDW LLC / CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.67% due 12/01/26 | 4300000 | 3817618 |
| Infor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.45% due 07/15/23<sup>2</sup> | 2600000 | 2539061 |
| Qorvo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.75% due 12/15/24<sup>2</sup> | 2050000 | 1887947 |
| **Total Technology** |  | 22618898 |
| **Industrial - 3.8%** |  |  |
| Ryder System, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.35% due 09/01/25 | 4820000 | 4575920 |
| IP Lending V Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 04/02/26<sup>†††,2</sup> | 4700000 | 4312250 |
| Berry Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.95% due 02/15/24 | 2150000 | 2036931 |
| &nbsp;&nbsp;&nbsp;1.65% due 01/15/27 | 1100000 | 940798 |
| TD SYNNEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.25% due 08/09/24 | 2400000 | 2228975 |
| Silgan Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.40% due 04/01/26<sup>2</sup> | 2350000 | 2073293 |
| Vontier Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.80% due 04/01/26 | 2150000 | 1816856 |
| Jabil, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.70% due 04/15/26 | 650000 | 575995 |
| &nbsp;&nbsp;&nbsp;4.25% due 05/15/27 | 600000 | 567345 |
| Penske Truck Leasing Company LP / PTL Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;2.70% due 11/01/24<sup>2</sup> | 900000 | 848363 |
| Weir Group plc |  |  |
| &nbsp;&nbsp;&nbsp;2.20% due 05/13/26<sup>2</sup> | 440000 | 390212 |
| **Total Industrial** |  | 20366938 |
| **Consumer, Non-cyclical - 3.3%** |  |  |
| Triton Container International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;0.80% due 08/01/23<sup>2</sup> | 3100000 | 2991714 |
| &nbsp;&nbsp;&nbsp;2.05% due 04/15/26<sup>2</sup> | 2200000 | 1911970 |
| &nbsp;&nbsp;&nbsp;1.15% due 06/07/24<sup>2</sup> | 1700000 | 1572190 |
| Global Payments, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;1.50% due 11/15/24 | 5700000 | 5291237 |
| Element Fleet Management Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.60% due 04/06/24<sup>2</sup> | 4900000 | 4641859 |
| Spectrum Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/15/25 | 700000 | 692079 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 06/01/26 | 538000 | 480649 |

---

---

| | | |
|:---|:---|:---|
| General Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.09% (3 Month USD LIBOR + 1.01%) due 10/17/23<sup>◊</sup> | 200000 | 200433 |
| **Total Consumer, Non-cyclical** |  | 17782131 |
| **Consumer, Cyclical - 1.6%** |  |  |
| Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.64% due 03/15/25<sup>2</sup> | 5700000 | 5420486 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;1.80% due 10/01/24 | 3500000 | 3279538 |
| **Total Consumer, Cyclical** |  | 8700024 |
| **Communications - 1.2%** |  |  |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.95% due 03/15/25<sup>2</sup> | 2400000 | 2286757 |
| T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.63% due 04/15/26 | 1600000 | 1466258 |
| &nbsp;&nbsp;&nbsp;2.25% due 02/15/26 | 600000 | 545785 |
| Paramount Global |  |  |
| &nbsp;&nbsp;&nbsp;4.75% due 05/15/25 | 982000 | 966757 |
| Cogent Communications Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.50% due 05/01/26<sup>2</sup> | 681000 | 618649 |
| Sprint Spectrum Company LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.74% due 03/20/25<sup>2</sup> | 506250 | 500281 |
| **Total Communications** |  | 6384487 |
| **Utilities - 0.9%** |  |  |
| Alexander Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;1.84% due 11/15/23<sup>2</sup> | 4300000 | 4119193 |
| AES Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.30% due 07/15/25<sup>2</sup> | 300000 | 282870 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 06/15/24<sup>2</sup> | 275000 | 264862 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.79% (SOFR Compounded Index + 0.54%) due 03/01/23<sup>◊</sup> | 100000 | 99956 |
| **Total Utilities** |  | 4766881 |
| **Basic Materials - 0.1%** |  |  |
| Anglo American Capital plc |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 04/01/25<sup>2</sup> | 450000 | 444971 |
| **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $147,367,580) |  | 137272337 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 24.0%** |  |  |
| **Residential Mortgage-Backed Securities - 19.1%** |  |  |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL1, 1.67% (WAC) due 09/27/60<sup>◊,2</sup> | 5621695 | 5303621 |
| &nbsp;&nbsp;&nbsp;2021-RPL7, 1.93% (WAC) due 07/27/61<sup>◊,2</sup> | 2445404 | 2207577 |
| &nbsp;&nbsp;&nbsp;2020-RPL5, 3.02% (WAC) due 08/25/60<sup>◊,2</sup> | 2106842 | 2013093 |
| &nbsp;&nbsp;&nbsp;2021-RPL4, 1.80% (WAC) due 12/27/60<sup>◊,2</sup> | 1388922 | 1268947 |
| &nbsp;&nbsp;&nbsp;2020-NQM1, 1.21% due 05/25/65<sup>2,4</sup> | 1238791 | 1123074 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 24.0% (continued)** | | |
| **Residential Mortgage-Backed Securities - 19.1% (continued)** |  |  |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-C, 1.62% due 03/01/61<sup>2,4</sup> | $8135413 | $7311841 |
| &nbsp;&nbsp;&nbsp;2022-R1, 3.13% due 01/29/70<sup>2,4</sup> | 2896253 | 2565172 |
| &nbsp;&nbsp;&nbsp;2021-HE1, 4.78% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 01/25/70<sup>◊,2</sup> | 1090856 | 1074736 |
| &nbsp;&nbsp;&nbsp;2021-HE2, 4.78% (30 Day Average SOFR + 0.85%, Rate Floor: 0.00%) due 11/25/69<sup>◊,2</sup> | 497042 | 491279 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-5, 1.79% due 06/25/26<sup>2,4</sup> | 3691629 | 3342691 |
| &nbsp;&nbsp;&nbsp;2022-1, 3.72% due 02/25/27<sup>2,4</sup> | 3481592 | 3255300 |
| &nbsp;&nbsp;&nbsp;2021-RPL2, 2.24% (WAC) due 10/25/51<sup>◊,2</sup> | 2000000 | 1711515 |
| &nbsp;&nbsp;&nbsp;2021-8, 1.74% (WAC) due 09/25/26<sup>◊,2</sup> | 1871897 | 1677109 |
| NYMT Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-SP1, 1.67% due 08/25/61<sup>2,4</sup> | 7660025 | 6865274 |
| &nbsp;&nbsp;&nbsp;2022-SP1, 5.25% due 07/25/62<sup>2,4</sup> | 1928450 | 1856640 |
| Legacy Mortgage Asset Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-GS4, 1.65% due 11/25/60<sup>2,4</sup> | 3431354 | 3067259 |
| &nbsp;&nbsp;&nbsp;2021-GS3, 1.75% due 07/25/61<sup>2,4</sup> | 3332014 | 3011788 |
| &nbsp;&nbsp;&nbsp;2021-GS2, 1.75% due 04/25/61<sup>2,4</sup> | 1564808 | 1414416 |
| &nbsp;&nbsp;&nbsp;2021-GS5, 2.25% due 07/25/67<sup>2,4</sup> | 1037799 | 928983 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-5, 1.37% (WAC) due 09/25/66<sup>◊,2</sup> | 2273848 | 1723463 |
| &nbsp;&nbsp;&nbsp;2020-5, 1.22% due 05/25/65<sup>2,4</sup> | 1873726 | 1699835 |
| &nbsp;&nbsp;&nbsp;2021-6, 1.89% (WAC) due 10/25/66<sup>◊,2</sup> | 2032009 | 1628890 |
| &nbsp;&nbsp;&nbsp;2021-4, 1.35% (WAC) due 07/25/66<sup>◊,2</sup> | 1057500 | 788032 |
| &nbsp;&nbsp;&nbsp;2021-3, 1.44% (WAC) due 06/25/66<sup>◊,2</sup> | 662484 | 523926 |
| &nbsp;&nbsp;&nbsp;2019-4, 2.85% due 11/25/59<sup>2,4</sup> | 477295 | 452753 |
| &nbsp;&nbsp;&nbsp;2020-1, 2.42% due 01/25/60<sup>2,4</sup> | 355832 | 334987 |
| &nbsp;&nbsp;&nbsp;2019-4, 2.64% due 11/25/59<sup>2,4</sup> | 236548 | 224379 |
| OSAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL1, 2.12% due 05/25/65<sup>2,4</sup> | 7063263 | 6519549 |

---

---

| | | |
|:---|:---|:---|
| FKRT |  |  |
| &nbsp;&nbsp;&nbsp;2.21% due 11/30/58<sup>†††,5</sup> | 4550000.0 | 4367454.0 |
| NRZ Advance Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-T2, 1.48% due 09/15/53<sup>2</sup> | 4150000.0 | 3996885.0 |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.02% (WAC) due 03/25/67<sup>◊,2</sup> | 4448401.0 | 3989583.0 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊</sup> | 2470335.0 | 2233317.0 |
| &nbsp;&nbsp;&nbsp;2021-HB5, 0.80% (WAC) due 02/25/31<sup>◊,2</sup> | 1673717.0 | 1613697.0 |
| Towd Point Revolving Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.83% due 09/25/64<sup>5</sup> | 3250000.0 | 3128447.0 |
| Structured Asset Securities Corporation Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2008-BC4, 5.02% (1 Month USD LIBOR + 0.63%, Rate Floor: 0.63%) due 11/25/37<sup>◊</sup> | 2218326.0 | 2125619.0 |
| LSTAR Securities Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 5.92% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/01/26<sup>◊,5</sup> | 1381459.0 | 1231830.0 |
| &nbsp;&nbsp;&nbsp;2021-2, 5.82% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 03/02/26<sup>◊,5</sup> | 844850.0 | 830459.0 |
| New Residential Advance Receivables Trust Advance Receivables Backed Notes |  |  |
| &nbsp;&nbsp;&nbsp;2020-T1, 1.43% due 08/15/53<sup>2</sup> | 2000000.0 | 1930058.0 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.50% (WAC) due 10/25/59<sup>◊,2</sup> | 1194537.0 | 1100256.0 |
| &nbsp;&nbsp;&nbsp;2018-2A, 3.50% (WAC) due 02/25/58<sup>◊,2</sup> | 717276.0 | 669669.0 |
| CSMC |  |  |
| &nbsp;&nbsp;&nbsp;2021-NQM8, 2.41% (WAC) due 10/25/66<sup>◊,2</sup> | 1717607.0 | 1395366.0 |
| Soundview Home Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-OPT5, 4.67% (1 Month USD LIBOR + 0.28%, Rate Floor: 0.28%) due 07/25/36<sup>◊</sup> | 1367573.0 | 1290317.0 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-1, 3.29% (WAC) due 12/25/66<sup>◊,2</sup> | 1527291.0 | 1256853.0 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-2, 3.25% (WAC) due 03/25/58<sup>◊,2</sup> | 497366.0 | 475994.0 |
| &nbsp;&nbsp;&nbsp;2017-6, 2.75% (WAC) due 10/25/57<sup>◊,2</sup> | 411721.0 | 392638.0 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 24.0% (continued)** | | |
| **Residential Mortgage-Backed Securities - 19.1% (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;2017-5, 4.99% (1 Month USD LIBOR + 0.60%, Rate Floor: 0.00%) due 02/25/57<sup>◊,2</sup> | $158269 | $156626 |
| Credit Suisse Mortgage Capital Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2021-RPL9, 2.44% (WAC) due 02/25/61<sup>◊,2</sup> | 881234 | 807952 |
| Morgan Stanley ABS Capital I Incorporated Trust |  |  |
| &nbsp;&nbsp;&nbsp;2006-NC1, 4.96% (1 Month USD LIBOR + 0.57%, Rate Floor: 0.57%) due 12/25/35<sup>◊</sup> | 780950 | 767384 |
| Argent Securities Incorporated Asset-Backed Pass-Through Certificates Series |  |  |
| &nbsp;&nbsp;&nbsp;2005-W2, 5.12% (1 Month USD LIBOR + 0.74%, Rate Floor: 0.74%) due 10/25/35<sup>◊</sup> | 670762 | 649455 |
| Ellington Financial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-2, 1.49% (WAC) due 10/25/65<sup>◊,2</sup> | 443939 | 391322 |
| &nbsp;&nbsp;&nbsp;2020-2, 1.64% (WAC) due 10/25/65<sup>◊,2</sup> | 255725 | 227670 |
| CSMC Series |  |  |
| &nbsp;&nbsp;&nbsp;2014-2R, 3.34% (1 Month USD LIBOR + 0.20%, Rate Floor: 0.20%) due 02/27/46<sup>◊,2</sup> | 623223 | 614834 |
| Banc of America Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-R2, 4.65% (1 Month USD LIBOR + 0.26%, Rate Floor: 0.26%) due 04/29/37<sup>◊,2</sup> | 504357 | 491804 |
| Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.38% (WAC) due 01/26/60<sup>◊,2</sup> | 507261 | 482863 |
| SG Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-1, 3.68% (WAC) due 03/27/62<sup>◊,2</sup> | 470875 | 421632 |
| CIT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2007-1, 5.74% (1 Month USD LIBOR + 1.35%, Rate Floor: 1.35%) due 10/25/37<sup>◊,2</sup> | 408878 | 406544 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-NQM1, 1.38% (WAC) due 09/27/60<sup>◊,2</sup> | 386529 | 336828 |
| Cascade Funding Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-RM3, 2.80% (WAC) due 06/25/69<sup>◊,5</sup> | 171860 | 165893 |

---

---

| | | |
|:---|:---|:---|
| Starwood Mortgage Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp;2020-1, 2.28% (WAC) due 02/25/50<sup>◊,2</sup> | 59253 | 55953 |
| **Total Residential Mortgage-Backed Securities** |  | 102391331 |
| **Commercial Mortgage-Backed Securities - 4.9%** |  |  |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-VOLT, 5.97% (1 Month USD LIBOR + 1.65%, Rate Floor: 1.65%) due 09/15/36<sup>◊,2</sup> | 10250000 | 9589623 |
| &nbsp;&nbsp;&nbsp;2022-LP2, 5.90% (1 Month Term SOFR + 1.56%, Rate Floor: 1.56%) due 02/15/39<sup>◊,2</sup> | 2460233 | 2316732 |
| JP Morgan Chase Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-NYAH, 5.86% (1 Month USD LIBOR + 1.54%, Rate Floor: 1.54%) due 06/15/38<sup>◊,2</sup> | 2700000 | 2571249 |
| Life Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-BMR, 5.42% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 03/15/38<sup>◊,2</sup> | 2408277 | 2288912 |
| WMRK Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-WMRK, 7.77% (1 Month Term SOFR + 3.44%, Rate Floor: 3.44%) due 11/15/27<sup>◊,2</sup> | 2100000 | 2092095 |
| MHP |  |  |
| &nbsp;&nbsp;&nbsp;2022-MHIL, 5.60% (1 Month Term SOFR + 1.26%, Rate Floor: 1.26%) due 01/15/27<sup>◊,2</sup> | 1457488 | 1373485 |
| BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FILM, 5.42% (1 Month USD LIBOR + 1.10%, Rate Floor: 1.10%) due 08/15/36<sup>◊,2</sup> | 1500000 | 1349224 |
| Morgan Stanley Capital I Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-H3, 0.82% (WAC) due 07/15/51<sup>◊,6</sup> | 43307390 | 1313894 |
| Citigroup Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-GC41, 1.04% (WAC) due 08/10/56<sup>◊,6</sup> | 24614401 | 1135977 |
| BENCHMARK Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2019-B14, 0.78% (WAC) due 12/15/62<sup>◊,6</sup> | 34555552 | 1097222 |

---

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
| | **Face<br> Amount** | **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 24.0% (continued)** | | |
| **Commercial Mortgage-Backed Securities - 4.9% (continued)** |  |  |
| JPMDB Commercial Mortgage Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp;2018-C8, 0.67% (WAC) due 06/15/51<sup>◊,6</sup> | $23826135 | $466282 |
| KKR Industrial Portfolio Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-KDIP, 5.32% (1 Month USD LIBOR + 1.00%, Rate Floor: 1.00%) due 12/15/37<sup>◊,2</sup> | 487500 | 462564 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2015-NXS1, 2.63% due 05/15/48 | 37005 | 36927 |
| **Total Commercial Mortgage-Backed Securities** |  | 26094186 |
| **Total Collateralized Mortgage Obligations** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $139,871,871) |  | 128485517 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 2.5%** |  |  |
| **Industrial - 1.3%** |  |  |
| LTI Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 09/08/25 | 3023754 | 2888623 |
| Hunter Douglas, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.86% (3 Month Term SOFR + 3.50%, Rate Floor: 4.00%) due 02/26/29 | 2388000 | 2091625 |
| Mileage Plus Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.00% (3 Month USD LIBOR + 5.25%, Rate Floor: 6.25%) due 06/21/27 | 1980000 | 2033955 |
| **Total Industrial** |  | 7014203 |
| **Technology - 0.8%** |  |  |
| Dun & Bradstreet |  |  |
| &nbsp;&nbsp;&nbsp;7.64% (1 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 02/06/26 | 2245915 | 2221457 |
| VT TopCo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 4.50%) due 08/01/25 | 1606827 | 1553271 |

---

---

| | | |
|:---|:---|:---|
| MACOM Technology Solutions Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.63% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 05/17/24 | 244787 | 243563 |
| Boxer Parent Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.13% (1 Month USD LIBOR + 3.75%, Rate Floor: 3.75%) due 10/02/25 | 86581 | 82754 |
| **Total Technology** |  | 4101045 |
| **Consumer, Non-cyclical - 0.3%** |  |  |
| Pearl Intermediate Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 4.25%) due 02/14/25 | 1378626 | 1291842 |
| Outcomes Group Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.98% (3 Month USD LIBOR + 3.25%, Rate Floor: 3.25%) due 10/24/25 | 295891 | 285721 |
| **Total Consumer, Non-cyclical** |  | 1577563 |
| **Energy - 0.1%** |  |  |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.13% (1 Month USD LIBOR + 2.75%, Rate Floor: 3.25%) due 07/10/28 | 485850 | 478562 |
| **Communications - 0.0%** |  |  |
| Flight Bidco, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.88% (1 Month USD LIBOR + 3.50%, Rate Floor: 3.50%) due 07/23/25 | 196915 | 180855 |
| **Total Senior Floating Rate Interests** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $13,980,634) |  | 13352228 |
| **COMMERCIAL PAPER<sup>††</sup> - 3.1%** |  |  |
| Cintas Corporation No. 2 |  |  |
| &nbsp;&nbsp;&nbsp;3.56% due 01/03/23<sup>2,7</sup> | 8100000 | 8097998 |
| McCormick & Co, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.25% due 01/03/23<sup>2,7</sup> | 5000000 | 4998819 |
| Dollar General Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.45% due 01/03/23<sup>2,7</sup> | 3230000 | 3229201 |
| **Total Commercial Paper** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $16,326,018) |  | 16326018 |
| **Total Investments - 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $561,430,973) |  | $529093369 |
| **Other Assets & Liabilities, net - 1.0%** |  | 5117830 |
| **Total Net Assets - 100.0%** |  | $534211199 |

---

**Centrally Cleared Interest Rate Swap Agreements<sup>††</sup>**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Floating Rate Type** | **Floating Rate Index** | **Fixed Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Value** | **Upfront Premiums Paid** | **Unrealized Appreciation (Depreciation)<sup>\*\*</sup>** |
| BofA Securities, Inc. CME | Receive | U.S. Secured Overnight Financing Rate | 1.10% | Annually | 01/10/25 | $137000000 | $8818646 | $433 | $8818213 |
| BofA Securities, Inc. CME | Receive | 3-Month USD LIBOR | 1.66% | Quarterly | 03/16/31 | 4500000 | 682991 | 275 | 682716 |
| BofA Securities, Inc. CME | Pay | U.S. Secured Overnight Financing Rate | 2.79% | Annually | 07/18/27 | 12000000 | (501321) | 321 | (501642) |
|  |  |  |  |  |  |  | $9000316 | $1029 | $8999287 |

---

---

| | |
|:---|:---|
| *<sup>\*\*</sup>* | *Includes cumulative appreciation (depreciation).* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *<sup>†††</sup>* | *Value determined based on Level 3 inputs — See Note 3.* |
| *<sup>◊</sup>* | *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *<sup>1</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |
| *<sup>2</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $418,801,075 (cost $444,840,087), or 78.4% of total net assets.* |
| *<sup>3</sup>* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *<sup>4</sup>* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at December 31, 2022. See table below for additional step information for each security.* |
| *<sup>5</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $9,724,083 (cost $10,198,107), or 1.8% of total net assets — See Note 6.* |
| *<sup>6</sup>* | *Security is an interest-only strip.* |
| *<sup>7</sup>* | *Rate indicated is the effective yield at the time of purchase.* |

---

---

| |
|:---|
| *BofA — Bank of America* |
| *CME — Chicago Mercantile Exchange* |
| *LIBOR — London Interbank Offered Rate* |
| *plc — Public Limited Company* |
| *SOFR — Secured Overnight Financing Rate* |
| *WAC — Weighted Average Coupon* |

---

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br>Significant<br>Observable<br>Inputs** | **Level 3<br>Significant<br>Unobservable<br>Inputs** | **Total** |
| Money Market Funds | $10445434 | $— | $— | $10445434 |
| Asset-Backed Securities |  | 215061835 | 8150000 | 223211835 |
| Corporate Bonds |  | 132960087 | 4312250 | 137272337 |
| Collateralized Mortgage Obligations |  | 124118063 | 4367454 | 128485517 |
| Senior Floating Rate Interests |  | 13352228 |  | 13352228 |
| Commercial Paper |  | 16326018 |  | 16326018 |
| Interest Rate Swap Agreements\*\* |  | 9500929 |  | 9500929 |
| Total Assets | $10445434 | $511319160 | $16829704 | $538594298 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1<br> Quoted<br> Prices** | **Level 2<br>Significant<br>Observable<br>Inputs** | **Level 3<br>Significant<br>Unobservable<br>Inputs** | **Total** |
| Interest Rate Swap Agreements\*\* | $— | $501642 | $— | $501642 |
| Unfunded Loan Commitments (Note 5) |  |  | 1550 | 1550 |
| Total Liabilities | $— | $501642 | $1550 | $503192 |

---

*\*\** *This derivative is reported as unrealized appreciation/depreciation at period end.*

---

| | |
|:---|:---|
| **Ultra Short Duration Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value Hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at December 31, 2022** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $8150000 | &nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Collateralized Mortgage Obligations | 4367454 | &nbsp;&nbsp;Model Price | Market Comparable Yields | 7.7% |  |
| Corporate Bonds | 4312250 | &nbsp;&nbsp;Third Party Pricing | Vendor Price |  |  |
| Total Assets | $16829704 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $1550 | &nbsp;&nbsp;Model Price | Purchase Price |  |  |

---

Significant changes in a quote or market comparable yields would generally result in significant changes in the fair value of the security.

The Fund's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended December 31, 2022, the Fund had securities with a total value of $8,150,000 transfer into Level 3 from Level 2 due to a lack of observable inputs.

**Summary of Fair Value Level 3 Activity**

Following is a reconciliateion of Level 3 assets for which significant unobservable inputs were used to determine fair value for the period ended December 31, 2022:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | | **Liabilities** |
| | **Asset-Backed Securities** | **Collateralized Mortgage Obligations** | **Corporate Bonds** |<br>**Total Assets** | **Unfunded Loan Commitments** |
| Beginning Balance | $5347691 | $4327633 | $4448673 | $14123997 | $(2326) |
| Purchases/(Receipts) |  |  |  |  |  |
| (Sales, maturities and paydowns)/Fundings | (5350000) |  |  | (5350000) |  |
| Amortization of premiums/discounts |  | 6 |  | 6 |  |
| Total realized gains (losses) included in earnings |  |  |  |  |  |
| Total change in unrealized appreciation (depreciation) included in earnings | 2309 | 39815 | (136423) | (94299) | 776 |
| Transfers into Level 3 | 8150000 |  |  | 8150000 |  |
| Transfers out of Level 3 |  |  |  |  |  |
| Ending Balance | $8150000 | $4367454 | $4312250 | $16829704 | $(1550) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at December 31, 2022 | $— | $39815 | $(136423) | $(96608) | $776 |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Fund. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Fund are scheduled to increase, none are scheduled to decrease.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Coupon Rate at Next Reset Date** | **Next Rate Reset Date** | **Future Reset <br> Rate** | **Future Reset <br> Date** |
| BRAVO Residential Funding Trust 2022-R1, 3.13% due 01/29/70 | 6.13% | 01/30/25 |  |  |
| BRAVO Residential Funding Trust 2021-C, 1.62% due 03/01/61 | 4.62% | 09/26/24 | 5.62% | 09/26/25 |
| CSMC Trust 2020-NQM1, 1.21% due 05/25/65 | 2.21% | 09/26/24 |  |  |
| Legacy Mortgage Asset Trust 2021-GS3, 1.75% due 07/25/61 | 4.75% | 05/26/24 | 5.75% | 05/26/25 |
| Legacy Mortgage Asset Trust 2021-GS4, 1.65% due 11/25/60 | 4.65% | 08/26/24 | 5.65% | 08/26/25 |
| Legacy Mortgage Asset Trust 2021-GS5, 2.25% due 07/25/67 | 5.25% | 11/26/24 | 6.25% | 11/26/25 |
| Legacy Mortgage Asset Trust 2021-GS2, 1.75% due 04/25/61 | 4.75% | 04/26/24 | 5.75% | 04/26/25 |
| NYMT Loan Trust 2021-SP1, 1.67% due 08/25/61 | 4.67% | 08/26/24 | 5.67% | 08/26/25 |
| NYMT Loan Trust 2022-SP1, 5.25% due 07/25/62 | 8.25% | 07/01/25 | 9.25% | 07/01/26 |
| OSAT Trust 2021-RPL1, 2.12% due 05/25/65 | 5.12% | 06/26/24 | 6.12% | 06/26/25 |
| PRPM LLC 2022-1, 3.72% due 02/25/27 | 6.72% | 02/25/25 | 7.72% | 02/25/26 |
| PRPM LLC 2021-5, 1.79% due 06/25/26 | 4.79% | 06/26/24 | 5.79% | 06/26/25 |
| Verus Securitization Trust 2020-1, 2.42% due 01/25/60 | 3.42% | 01/26/24 |  |  |
| Verus Securitization Trust 2019-4, 2.64% due 11/25/59 | 3.64% | 10/26/23 |  |  |
| Verus Securitization Trust 2019-4, 2.85% due 11/25/59 | 3.85% | 10/26/23 |  |  |
| Verus Securitization Trust 2020-5, 1.22% due 05/25/65 | 2.22% | 10/26/24 |  |  |

---

---

| | |
|:---|:---|
| **World Equity Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 99.2%** | **COMMON STOCKS<sup>†</sup> - 99.2%** | **COMMON STOCKS<sup>†</sup> - 99.2%** |
| **Financial - 18.9%** | **Financial - 18.9%** | **Financial - 18.9%** |
| Chubb Ltd. | 1911 | $421567 |
| ANZ Group Holdings Ltd.<sup>\*</sup> | 25300 | 407570 |
| Travelers Companies, Inc. | 2110 | 395604 |
| Banco Bilbao Vizcaya Argentaria S.A.<sup>††</sup> | 64300 | 387498 |
| Westpac Banking Corp.<sup>††</sup> | 24100 | 381553 |
| Cboe Global Markets, Inc. | 3025 | 379547 |
| Aon plc — Class A | 1261 | 378476 |
| MetLife, Inc. | 5225 | 378133 |
| AXA S.A.<sup>††</sup> | 13100 | 365098 |
| National Australia Bank Ltd.<sup>††</sup> | 17900 | 363447 |
| Banco Santander S.A.<sup>††</sup> | 120500 | 360497 |
| Nippon Building Fund, Inc. REIT<sup>††</sup> | 80 | 357693 |
| Principal Financial Group, Inc. | 4217 | 353891 |
| Japan Real Estate Investment Corp. REIT<sup>††</sup> | 80 | 351333 |
| Prudential Financial, Inc. | 3303 | 328516 |
| Willis Towers Watson plc | 1300 | 317954 |
| Gaming and Leisure Properties, Inc. REIT | 5970 | 310977 |
| AvalonBay Communities, Inc. REIT | 1831 | 295743 |
| Aflac, Inc. | 3964 | 285170 |
| Truist Financial Corp. | 5900 | 253877 |
| Intesa Sanpaolo SpA<sup>††</sup> | 110500 | 244931 |
| DBS Group Holdings Ltd.<sup>††</sup> | 7100 | 179766 |
| Societe Generale S.A.<sup>††</sup> | 6000 | 150580 |
| ORIX Corp.<sup>††</sup> | 9200 | 147240 |
| Mediobanca Banca di Credito Finanziario SpA<sup>††</sup> | 14100 | 135558 |
| Annaly Capital Management, Inc. REIT | 6309 | 132994 |
| Marsh & McLennan Companies, Inc. | 700 | 115836 |
| SEI Investments Co. | 1900 | 110770 |
| Western Union Co. | 8000 | 110160 |
| Credit Agricole S.A.<sup>††</sup> | 8000 | 84199 |
| PNC Financial Services Group, Inc. | 500 | 78970 |
| **Total Financial** |  | 8565148 |
| **Consumer, Non-cyclical - 16.6%** |  |  |
| Johnson & Johnson | 4457 | 787329 |
| Novartis AG<sup>††</sup> | 5800 | 525010 |
| Merck & Company, Inc. | 4354 | 483076 |
| UnitedHealth Group, Inc. | 907 | 480873 |
| Imperial Brands plc<sup>††</sup> | 16900 | 420777 |
| Amgen, Inc. | 1598 | 419699 |
| J M Smucker Co. | 2610 | 413581 |
| Becton Dickinson and Co. | 1494 | 379924 |
| Colgate-Palmolive Co. | 4723 | 372125 |
| AbbVie, Inc. | 2235 | 361199 |
| Automatic Data Processing, Inc. | 1459 | 348497 |
| Kellogg Co. | 4324 | 308042 |
| Gilead Sciences, Inc. | 3473 | 298157 |
| AmerisourceBergen Corp. — Class A | 1685 | 279221 |
| Dai Nippon Printing Company Ltd.<sup>††</sup> | 12100 | 243049 |
| CVS Health Corp. | 2600 | 242294 |
| CSL Ltd.<sup>††</sup> | 900 | 175501 |
| Kikkoman Corp.<sup>††</sup> | 2600 | 136835 |
| WH Group Ltd.<sup>††,1</sup> | 221400 | 129133 |
| Brambles Ltd.<sup>††</sup> | 14800 | 121373 |
| McKesson Corp. | 300 | 112536 |
| Unilever plc<sup>††</sup> | 2200 | 111055 |
| Abbott Laboratories | 1006 | 110449 |
| PepsiCo, Inc. | 500 | 90330 |
| Hormel Foods Corp. | 1958 | 89187 |
| General Mills, Inc. | 941 | 78903 |
| **Total Consumer, Non-cyclical** |  | 7518155 |
| **Consumer, Cyclical - 14.1%** |  |  |
| Home Depot, Inc. | 1999 | 631404 |
| McDonald's Corp. | 1949 | 513620 |
| Lowe's Companies, Inc. | 2080 | 414419 |
| O'Reilly Automotive, Inc.<sup>\*</sup> | 475 | 400914 |
| Sumitomo Corp.<sup>††</sup> | 24100 | 400558 |
| Yum! Brands, Inc. | 2931 | 375403 |
| Genuine Parts Co. | 2112 | 366453 |
| Dollar General Corp. | 1463 | 360264 |
| PACCAR, Inc. | 3545 | 350849 |
| TJX Companies, Inc. | 4400 | 350240 |
| Ferguson plc<sup>\*</sup> | 2600 | 330122 |
| Ulta Beauty, Inc.<sup>\*</sup> | 600 | 281442 |
| Aisin Corp.<sup>††</sup> | 9000 | 238600 |
| Canadian Tire Corporation Ltd. — Class A | 2119 | 221520 |
| Toromont Industries Ltd. | 2900 | 209345 |
| Lear Corp. | 1500 | 186030 |
| Hasbro, Inc. | 2332 | 142275 |
| Tesla, Inc.<sup>\*</sup> | 1029 | 126752 |
| LKQ Corp. | 1800 | 96138 |
| Dollarama, Inc. | 1600 | 93609 |
| Tractor Supply Co. | 400 | 89988 |
| Cummins, Inc. | 354 | 85771 |
| Darden Restaurants, Inc. | 600 | 82998 |
| **Total Consumer, Cyclical** |  | 6348714 |
| **Technology - 13.7%** |  |  |
| Microsoft Corp. | 5436 | 1303662 |
| Apple, Inc. | 9624 | 1250446 |
| Texas Instruments, Inc. | 2889 | 477320 |
| Broadcom, Inc. | 662 | 370144 |
| Intel Corp. | 12888 | 340630 |
| Analog Devices, Inc. | 2056 | 337246 |
| Dell Technologies, Inc. — Class C | 7780 | 312912 |
| Paychex, Inc. | 2600 | 300456 |
| Broadridge Financial Solutions, Inc. | 1958 | 262627 |
| Seiko Epson Corp.<sup>††</sup> | 16100 | 234206 |
| Ricoh Company Ltd.<sup>††</sup> | 29300 | 222974 |
| Hewlett Packard Enterprise Co. | 12401 | 197920 |
| SCSK Corp.<sup>††</sup> | 12100 | 183128 |
| Jack Henry & Associates, Inc. | 992 | 174155 |
| NXP Semiconductor N.V. | 900 | 142227 |
| Electronic Arts, Inc. | 800 | 97744 |
| **Total Technology** |  | 6207797 |
| **Industrial - 12.3%** |  |  |
| AP Moller - Maersk A/S — Class B<sup>††</sup> | 200 | 447811 |
| General Dynamics Corp. | 1560 | 387051 |
| Lockheed Martin Corp. | 779 | 378976 |

---

---

| | |
|:---|:---|
| **World Equity Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 99.2% (continued)** | | |
| **Industrial - 12.3% (continued)** |  |  |
| Northrop Grumman Corp. | 672 | $366650 |
| Waste Connections, Inc. | 2681 | 355394 |
| Packaging Corporation of America | 2754 | 352264 |
| TE Connectivity Ltd. | 3000 | 344400 |
| Snap-on, Inc. | 1500 | 342735 |
| Nippon Yusen K.K.<sup>††</sup> | 13800 | 325366 |
| 3M Co. | 2690 | 322585 |
| Amcor plc | 26243 | 312554 |
| Aurizon Holdings Ltd.<sup>††</sup> | 108600 | 275141 |
| Mitsui OSK Lines Ltd.<sup>††</sup> | 9700 | 242347 |
| Nordson Corp. | 908 | 215850 |
| Waste Management, Inc. | 1250 | 196100 |
| United Parcel Service, Inc. — Class B | 1118 | 194353 |
| Canadian National Railway Company | 1220 | 144971 |
| CCL Industries, Inc. — Class B | 3000 | 128197 |
| Illinois Tool Works, Inc. | 538 | 118521 |
| Brother Industries Ltd.<sup>††</sup> | 5000 | 75557 |
| Republic Services, Inc. — Class A | 378 | 48758 |
| **Total Industrial** |  | 5575581 |
| **Energy - 9.8%** |  |  |
| Shell plc<sup>††</sup> | 20300 | 572126 |
| TotalEnergies SE<sup>††</sup> | 7900 | 496167 |
| Eni SpA<sup>††</sup> | 31000 | 441033 |
| Repsol S.A.<sup>††</sup> | 21600 | 343987 |
| Suncor Energy, Inc. | 10678 | 338827 |
| Equinor ASA<sup>††</sup> | 9100 | 327085 |
| Imperial Oil Ltd. | 6474 | 315437 |
| ENEOS Holdings, Inc.<sup>††</sup> | 80000 | 272394 |
| Galp Energia SGPS S.A. — Class B<sup>††</sup> | 19000 | 256456 |
| Keyera Corp. | 10000 | 218610 |
| Parkland Corp. | 9900 | 217302 |
| Idemitsu Kosan Company Ltd.<sup>††</sup> | 9000 | 210674 |
| Ampol Ltd.<sup>††</sup> | 9800 | 188387 |
| Tourmaline Oil Corp. | 2500 | 126187 |
| Exxon Mobil Corp. | 1000 | 110300 |
| **Total Energy** |  | 4434972 |
| **Communications - 5.6%** |  |  |
| Alphabet, Inc. — Class C<sup>\*</sup> | 7445 | 660595 |
| Amazon.com, Inc.<sup>\*</sup> | 5328 | 447552 |
| Verizon Communications, Inc. | 11031 | 434622 |
| Motorola Solutions, Inc. | 1134 | 292243 |
| Liberty Global plc — Class C<sup>\*</sup> | 12480 | 242486 |
| Cisco Systems, Inc. | 4163 | 198325 |
| Telstra Group Ltd.<sup>††</sup> | 50500 | 136579 |
| FactSet Research Systems, Inc. | 250 | 100303 |
| **Total Communications** |  | 2512705 |
| **Basic Materials - 5.2%** |  |  |
| Rio Tinto plc<sup>††</sup> | 6700 | 471471 |
| LyondellBasell Industries N.V. — Class A | 3798 | 315348 |
| South32 Ltd.<sup>††</sup> | 111100 | 304606 |
| International Paper Co. | 8193 | 283723 |
| Nippon Steel Corp.<sup>††</sup> | 15900 | 275843 |
| Air Products and Chemicals, Inc. | 878 | 270652 |
| JFE Holdings, Inc.<sup>††</sup> | 21700 | 251760 |
| Nutrien Ltd. | 2600 | 189879 |
| **Total Basic Materials** |  | 2363282 |
| **Utilities - 3.0%** |  |  |
| SSE plc<sup>††</sup> | 13100 | 269337 |
| Duke Energy Corp. | 2475 | 254900 |
| EDP - Energias de Portugal S.A.<sup>††</sup> | 46500 | 231914 |
| Southern Co. | 2975 | 212445 |
| National Grid plc<sup>††</sup> | 11700 | 140124 |
| Fortis, Inc. | 3403 | 136216 |
| Consolidated Edison, Inc. | 1059 | 100933 |
| **Total Utilities** |  | 1345869 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $44,322,745) |  | 44872223 |
| **EXCHANGE-TRADED FUNDS<sup>†</sup> - 0.4%** |  |  |
| iShares MSCI EAFE ETF | 1413 | 92749 |
| SPDR S&P 500 ETF Trust | 229 | 87577 |
| **Total Exchange-Traded Funds** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $185,242) |  | 180326 |
| **MONEY MARKET FUND<sup>†</sup> - 0.5%** |  |  |
| Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 3.93%<sup>2</sup> | 211003 | 211003 |
| **Total Money Market Fund** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $211,003) |  | 211003 |
| **Total Investments - 100.1%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $44,718,990) |  | $45263552 |
| **Other Assets & Liabilities, net - (0.1)%** |  | (25737) |
| **Total Net Assets - 100.0%** |  | $45237815 |

---

---

| | |
|:---|:---|
| *<sup>\*</sup>* | *Non-income producing security.* |
| *<sup>†</sup>* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *<sup>††</sup>* | *Value determined based on Level 2 inputs — See Note 3.* |
| *<sup>1</sup>* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $129,133 (cost $130,139), or 0.3% of total net assets.* |
| *<sup>2</sup>* | *Rate indicated is the 7-day yield as of December 31, 2022.* |

---

*plc — Public Limited Company* <br> *REIT — Real Estate Investment Trust*

---

| | |
|:---|:---|
| **World Equity Income Fund** |  |
| **SCHEDULE OF INVESTMENTS *(Unaudited)*** | December 31, 2022 |

---

*See Sector Classification in Other Information section.*

The following table summarizes the inputs used to value the Fund's investments at December 31, 2022 (See Note 3 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Assets)** | **Level 1 Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| Common Stocks | $31664466 | $13207757 | $— | $44872223 |
| Exchange-Traded Funds | 180326 |  |  | 180326 |
| Money Market Fund | 211003 |  |  | 211003 |
| Total Assets | $32055795 | $13207757 | $— | $45263552 |

---

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

**Note 1 – Organization, Consolidation of Subsidiary and Significant Accounting Policies**

**Organization**

Guggenheim Funds Trust (the "Trust"), a Delaware statutory trust, is registered with the SEC under the Investment Company Act of 1940 ("1940 Act"), as an open-ended investment company of the series type. Each series, in effect, is representing a separate fund (each, a "Fund"). The Trust may issue an unlimited number of authorized shares. The Trust accounts for the assets of each Fund separately.

This report covers the following funds (collectively, the "Funds"):

---

| | |
|:---|:---|
| **Fund Name** | **Investment Company Type** |
| Alpha Opportunity Fund | Diversified |
| Capital Stewardship Fund | Diversified |
| Core Bond Fund | Diversified |
| Diversified Income Fund | Diversified |
| Floating Rate Strategies Fund | Diversified |
| High Yield Fund | Diversified |
| Large Cap Value Fund | Diversified |
| Limited Duration Fund | Diversified |
| Macro Opportunities Fund | Diversified |
| Market Neutral Real Estate Fund | Diversified |
| Municipal Income Fund | Diversified |
| Risk Managed Real Estate Fund | Diversified |
| Small Cap Value Fund | Diversified |
| SMid Cap Value Fund | Diversified |
| StylePlus—Large Core Fund | Diversified |
| StylePlus—Mid Growth Fund | Diversified |
| Total Return Bond Fund | Diversified |
| Ultra Short Duration Fund | Diversified |
| World Equity Income Fund | Diversified |

---

For information on the Funds' policy regarding valuation of investments and other significant accounting policies, please refer to the Funds' most recent semi-annual or annual shareholder report.

**Consolidation of Subsidiary** 

The Consolidated Schedule of Investments of the Macro Opportunities Fund includes the accounts of a wholly-owned and controlled Cayman Islands subsidiary (the "Subsidiary"). Significant inter-company accounts and transactions have been eliminated in consolidation for the Fund.

The Fund may invest up to 25% of its total assets in its Subsidiary, which acts as an investment vehicle in order to effect certain investments consistent with the Fund's investment objective and policies.

**Significant Accounting Policies** 

The Funds operate as investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

**(a) Valuation of Investments** 

The Board of Trustees of the Funds (the "Board") has adopted policies and procedures for the valuation of the Funds' investments (the "Valuation Procedures"). The U.S. Securities and Exchange Commission (the "SEC") adopted Rule 2a-5 under the 1940 Act ("Rule 2a-5") which establishes requirements for determining fair value in good faith and became effective September 8, 2022. Rule 2a-5 also defines "readily available market quotations" for purposes of the 1940 Act and establishes requirements for determining whether a fund must fair value a security in good faith.

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

Pursuant to Rule 2a-5, the Board has designated Security Investors, LLC and Guggenheim Partners Investment Management, LLC (the "Adviser") as the valuation designee to perform fair valuation determinations for the Funds with respect to all Fund investments and/or other assets. As the Funds' valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the "Valuation Designee Procedures") reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim's investment management, fund administration, legal and compliance departments (the "Valuation Committee"), in determining the fair value of the Funds' securities and/or other assets.

Valuations of the Funds' securities and other assets are supplied primarily by pricing services appointed pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued for reasonableness. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Designee Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the pricing services. If the pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Adviser.

Equity securities listed or traded on a recognized U.S. securities exchange or the National Association of Securities Dealers Automated Quotations ("NASDAQ") National Market System shall generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the New York Stock Exchange ("NYSE"). The values of foreign securities are determined as of the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00 p.m. Investments in foreign securities may involve risks not present in domestic investments. The Adviser will determine the current value of such foreign securities by taking into consideration certain factors which may include those discussed above, as well as the following factors, among others: the value of the securities traded on other foreign markets, ADR trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products that are tied to foreign securities. In addition, under the Valuation Designee Procedures, the Adviser is authorized to use prices and other information supplied by a third party pricing vendor in valuing foreign securities.

Open-end investment companies are valued at their net asset value as of the close of business, on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

U.S. Government securities are valued by independent pricing services, the last traded fill price, or at the reported bid price at the close of business.

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using an independent pricing service.

Typically, loans are valued using information provided by an independent third party pricing service that uses broker quotes, among other inputs. If the pricing service cannot or does not provide a valuation for a particular loan, or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Adviser.

Exchange-traded options are valued at the mean of the bid and ask prices on the principal exchange on which they are traded. Over-the-counter ("OTC") options and options on swaps are valued using a price provided by a pricing service.

The value of futures contracts are valued on the basis of the last sale price at the 4:00 p.m. price on the valuation date. In the event that the exchange for a specific futures contract closes earlier than 4:00 p.m., the futures contract is valued at the official settlement price of the exchange. However, the underlying securities from which the futures contract value is derived are monitored until 4:00 p.m. to determine if fair valuation would provide a more accurate valuation.

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

The value of interest rate swap agreements entered into by a Fund is valued on the basis of the last sale price on the primary exchange on which the swap is traded.

The value of credit default swap agreements entered into by a Fund is accounted for using the unrealized appreciation ordepreciation on the agreements that is determined by marking the agreements to the last quoted value of the index that the swap pertains to at the close of the NYSE. The swap's market value is then adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreements.

The value of other swap agreements entered into by a Fund will generally be valued using an evaluated price provided by a third party pricing vendor.

Forward foreign currency exchange contracts are valued daily based on the applicable exchange rate of the underlying currency.

Investments for which market quotations are not readily available are fair-valued as determined in good faith by the Adviser. Valuations in accordance with these methods are intended to reflect each security's (or asset's or liability's) "fair value". Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. In connection with futures contracts and other derivative investments, such factors may include obtaining information as to how (a) these contracts and other derivative investments trade in the futures or other derivative markets, respectively, and (b) the securities underlying these contracts and other derivative investments trade in the cash market.

The Funds may acquire an interest in a special purpose acquisition company ("SPAC") in an initial public offering or a secondary market transaction. SPAC investments carry many of the same risks as investments in initial public offering securities, such as erratic price movements, greater risk of loss, lack of information about the issuer, limited operating and little public or no trading history, and higher transaction costs. An investment in a SPAC is typically subject to a higher risk of dilution by additional later offerings of interests in the SPAC or by other investors exercising existing rights to purchase shares of the SPAC and interests in SPACs may be illiquid and/or be subject to restrictions on resale. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring the equity securities of one or more existing companies (or interests therein) via merger, combination, acquisition or other similar transactions. Unless and until an acquisition is completed, a SPAC generally invests its assets (less a portion retained to cover expenses) in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. SPAC investments are also subject to the risk that a significant portion of the funds raised by the SPAC may be expended during the search for a target acquisition or merger and that the SPAC may have limited time in which to conduct due diligence on potential business combination targets. Because SPACs are in essence blank check companies without operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity's management to identify and complete a profitable acquisition. Among other conflicts of interest, the economic interests of the management, directors, officers and related parties of a SPAC can differ from the economic interests of public shareholders, which may lead to conflicts as they evaluate, negotiate and recommend business combination transactions to shareholders. This risk may become more acute as the deadline for the completion of a business combination nears. There is no guarantee that the SPACs in which the Funds invest will complete an acquisition or that any acquisitions that are completed will be profitable.

**Note 2 – Financial Instruments and Derivatives** 

As part of their investment strategy, the Funds may utilize short sales and a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

**Short Sales** 

A short sale is a transaction in which a Fund sells a security it does not own. If the security sold short decreases in price between the time the Fund sells the security and closes its short position, the Fund will realize a gain on the transaction. Conversely, if the security increases in price during the period, the Fund will realize a loss on the transaction. The risk of such price increases is the principal risk of engaging in short sales.

**Derivatives** 

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used to increase investment flexibility (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why a Fund uses derivative instruments, how these derivative instruments are accounted for and their effects on the Fund's financial position and results of operations.

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

The Funds may utilize derivatives for the following purposes:

**Duration:** the use of an instrument to manage the interest rate risk of a portfolio.

**Hedge:** an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

**Income**: the use of any instrument that distributes cash flows typicallybased upon some rate of interest.

**Index Exposure:** the use of an instrument to obtain exposure to a listed or other type of index.

**Leverage:** gaining total exposure to equities or other assets on the long and short sides at greater than 100% of invested capital.

**Speculation:** the use of an instrument to express macro-economic and other investment views.

For any Fund whose investment strategy consistently involves applying leverage, the value of the Fund's shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Fund's use of leverage, through borrowings or instruments such as derivatives, may cause the Fund to be more volatile and riskier than if they had not been leveraged.

**Options Purchased and Written** 

A call option on a security gives the purchaser of the option the right to buy, and the writer of a call option the obligation to sell, the underlying security. The purchaser of a put option has the right to sell, and the writer of the put option the obligation to buy, the underlying security at any time during the option period. The risk associated with purchasing options is limited to the premium originally paid.

The risk in writing a call option is that a Fund may incur a loss if the market price of the underlying security increases and the option is exercised. The risk in writing a put option is that a Fund may incur a loss if the market price of the underlying security decreases and the option is exercised. In addition, there may be an imperfect correlation between the movement in prices of options and the underlying securities where a Fund may not be able to enter into a closing transaction because of an illiquid secondary market; or, for OTC options, a Fund may be at risk because of the counterparty's inability to perform.

**Futures Contracts**

A futures contract is an agreement to purchase (long) or sell (short) an agreed amount of securities or other instruments at a set price for delivery at a future date. There are significant risks associated with a Fund's use of futures contracts, including (i) there may be an imperfect or no correlation between the changes in market value of the underlying asset and the prices of futures contracts; (ii) there may not be a liquid secondary market for a futures contract; (iii) trading restrictions or limitations may be imposed by an exchange; and (iv) government regulations may restrict trading in futures contracts. When investing in futures, there is minimal counterparty credit risk to a Fund because futures are exchange-traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees against default. Securities held as collateral are noted on the Schedules of Investments.

**Swap Agreements** 

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing OTC swaps, a fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value. Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. For a fund utilizing centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that a fund or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

Total return swaps involve commitments where single or multiple cash flows are exchanged based on the price of an underlying reference asset (such as index or basket) or a fixed or variable interest rate. Index swaps will usually be computed based on the current index value as of the close of regular trading on the NYSE or other exchange, with the swap value being adjusted to include dividends accrued, financing charges and/or interest associated with the swap agreement. When utilizing a total return index swap the Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying index declines in value.

Interest rate swaps involve the exchange by the Funds with another party for their respective commitment to pay or receive a fixed or variable interest rate on a notional amount of principal. Interest rate swaps are generally centrally-cleared, but central clearing does not make interest rate swap transactions risk free.

Credit default swaps are instruments which allow for the full or partial transfer of third party credit risk, with respect to a particular entity or entities, from one counterparty to the other. A fund enters into credit default swaps as a "seller" or "buyer" of protection primarily to gain or reduce exposure to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller 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. The notional amount reflects the maximum potential amount the seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit event occurs on a credit default swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the default recovery of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the fund selling the credit protection. For a fund utilizing centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, a fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which a fund is selling credit protection, the default of a third party issuer.

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, 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.

**Forward Foreign Currency Exchange Contracts** 

A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount equal to the change in exchange rates during the term of the contract. The contracts can be used to hedge or manage exposure to foreign currency risks with portfolio investments or to gain exposure to foreign currencies.

The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Funds may be exposed to risk if the counterparties cannot meet the contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.

In conjunction with short sales and the use of derivative instruments, the Funds are required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Funds use margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Funds as collateral.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions of investment grade or better. The Trust monitors the counterparty credit risk.

**Foreign Investments** 

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets.A fund's indirect and direct exposure to foreign currencies subjects the Fund to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Funds may incur transaction costs in connection with conversions between various currencies. The Funds may, but are not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

The Funds may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer's financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Funds.

**Reverse Repurchase Agreements** 

Each of the Funds may enter into reverse repurchase agreements. Under a reverse repurchase agreement, a Fund sells securities and agrees to repurchase them at a particular price at a future date. In the event the buyer of securities under a reverse repurchase agreement files for bankruptcy or becomes insolvent, such buyer or its trustee or receiver may receive an extension of time to determine whether to enforce the Fund's obligation to repurchase the securities, and the Fund's use of the proceeds of the reverse repurchase agreement may effectively be restricted pending such decision.

**Note 3 – Fair Value Measurement** 

In accordance with U.S. GAAP, fair value is defined as the price that the Funds would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

Rule 2a-5 sets forth a definition of "readily available market quotations," which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that "a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable."

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

Independent pricing services are used to value a majority of the Funds' investments. When values are not available from a pricing service, they will be determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis. A significant portion of the Funds' assets and liabilities are categorized as Level 2, as indicated in this report.

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

Quotes from broker-dealers, adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Funds' assets and liabilities, i.e. prices provided by a broker-dealer or other market participant who has not committed to trade at that price. Although quotes are typically received from established market participants, the Funds may not have the transparency to view the underlying inputs which support the market quotations. Significant changes in a quote would generally result in significant changes in the fair value of the security.

Certain fixed income securities are valued by obtaining a monthly quote from a broker-dealer, adjusted for fluctuations in criteria such as credit spreads and interest rates.

Certain loans and other securities are valued using a single daily broker quote or a price from a third party vendor based on a single daily or monthly broker quote.

The inputs or methodologies selected and applied for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

**Note 4 – Federal Income Tax Information**

The Funds intend to comply with the provisions of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Funds from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Funds' tax returns are evaluated to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Funds' tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Funds' financial statements. The Funds' U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

The Macro Opportunities Fund intends to invest up to 25% of its assets in its Subsidiary which is expected to provide the Fund with exposure to the commodities markets within the limitations of the U.S. federal income tax requirements under Subchapter M of the Internal Revenue Code. The Fund has received a private letter ruling from the IRS that concludes that the income the Fund receives from the Subsidiary will constitute qualifying income for purposes of Subchapter M of the Internal Revenue Code. The Subsidiary will be classified as a corporation for U.S. federal income tax purposes. A foreign corporation, such as the Subsidiary, will generally not be subject to U.S. federal income taxation unless it is deemed to be engaged in a U.S. trade or business. If, during a taxable year, the Subsidiary's taxable losses (and other deductible items) exceed its income and gains, the net loss will not pass through to the Fund as a deductible amount for U.S. federal income tax purposes and cannot be carried forward to reduce future income from the Subsidiary in subsequent years.

At December 31, 2022, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Tax Cost** | **Tax Unrealized Appreciation** | **Tax Unrealized Depreciation** | **Net Tax Unrealized Appreciation (Depreciation)** |
| Alpha Opportunity Fund | $30930008 | $2687662 | $(1556344) | $1131318 |
| Capital Stewardship Fund | 178069747 | 10988772 | (7792192) | 3196580 |
| Core Bond Fund | 1469016147 |  | (218454710) | (218454710) |
| Diversified Income Fund | 8598493 | 114584 | (1112109) | (997525) |
| Floating Rate Strategies Fund | 1209373177 |  | (77850518) | (77850518) |
| High Yield Fund | 200667744 | 482295 | (27450269) | (26967974) |
| Large Cap Value Fund | 34910543 | 8091572 | (1461943) | 6629629 |
| Limited Duration Fund | 4397707095 |  | (348478559) | (348478559) |
| Macro Opportunities Fund | 6462934499 | 58631783 | (899627757) | (840995974) |
| Market Neutral Real Estate Fund | 48786640 | 4157130 | (1681805) | 2475325 |
| Municipal Income Fund | 62791156 | 1647577 | (8596095) | (6948518) |
| Risk Managed Real Estate Fund | 432726439 | 30136490 | (47032477) | (16895987) |
| Small Cap Value Fund | 6289729 | 935481 | (509838) | 425643 |
| SMid Cap Value Fund | 340564818 | 69313881 | (19254169) | 50059712 |
| StylePlus—Large Core Fund | 198966172 | 3949991 | (7290786) | (3340795) |
| StylePlus—Mid Growth Fund | 66079249 | 1291157 | (2160854) | (869697) |
| Total Return Bond Fund | 21561989018 |  | (3246320617) | (3246320617) |
| Ultra Short Duration Fund | 561431094 | 9662082 | (33000520) | (23338438) |
| World Equity Income Fund | 44971445 | 3410394 | (3118287) | 292107 |

---

**Note 5 – Unfunded Loan Commitments** 

Pursuant to the terms of certain loan agreements, certain Funds held unfunded loan commitments as of December 31, 2022. The Funds are obligated to fund these loan commitments at the borrower's discretion.

The unfunded loan commitments as of December 31, 2022, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Borrower** | **Maturity Date** | **Face Amount\*** | **Value** |
| **Core Bond Fund** | **Core Bond Fund** |  |  |  |
|  | Lightning A | 03/01/37 | 2152667 | $– |
|  | Thunderbird A | 03/01/37 | 2124222 | – |
|  |  |  |  | $– |
| **Floating Rate Strategies Fund** | **Floating Rate Strategies Fund** |  |  |  |
|  | Athenahealth Group, Inc. | 02/15/29 | 1061956 | $105813 |
|  | Aveanna Healthcare LLC | 06/29/28 |  |  |
|  | Dermatology Intermediate Holdings III, Inc. | 04/02/29 | 91967 | 2529 |
|  | Hillman Group, Inc. | 07/14/28 | 800000 | 25144 |
|  | Osmosis Holdings Australia II Pty Ltd. | 07/31/28 | 185185 | 11111 |
|  | TGP Holdings LLC | 06/29/28 | 187431 | 38424 |
|  |  |  |  | $183021 |

---

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **High Yield Fund** |  |  |  |  |
| Confluent Health LLC | 11/30/28 |  | 38207 | $5858 |
| TGP Holdings LLC | 06/29/28 |  | 14365 | 2945 |
|  |  |  |  | $8803 |
| **Limited Duration Fund** |  |  |  |  |
| Fontainbleau Vegas | 09/30/25 |  | 4796926 | $– |
| Lightning A | 03/01/37 |  | 4052078 |  |
| Thunderbird A | 03/01/37 |  | 3998536 | – |
|  |  |  |  | $– |
| **Macro Opportunities Fund** |  |  |  |  |
| Avalara, Inc. | 10/19/28 |  | 1600000 | $22467 |
| Care BidCo | 05/04/28 | EUR | 9200000 | 700776 |
| Confluent Health LLC | 11/30/28 |  | 424093 | 65026 |
| Fontainbleau Vegas | 09/30/25 |  | 21186423 |  |
| Galls LLC | 01/31/24 |  | 115780 | 2731 |
| Higginbotham Insurance Agency, Inc. | 11/25/26 |  | 3490307 | 101568 |
| Lightning A | 03/01/37 |  | 22033176 |  |
| Lightning B | 03/01/37 |  | 4431961 |  |
| Polaris Newco LLC | 06/04/26 |  | 1751274 | 150095 |
| Schur Flexibles GmbH | 09/30/26 | EUR | 214755 | 8050 |
| TGP Holdings LLC | 06/29/28 |  | 13106 | 2687 |
| The Facilities Group | 11/30/27 |  | 1495302 | 34604 |
| Thunderbird A | 03/01/37 |  | 21742039 |  |
| Thunderbird B | 03/01/37 |  | 4373399 |  |
| TK Elevator Midco GmbH | 01/29/27 | EUR | 8634279 | 643690 |
| VT TopCo, Inc. | 08/01/25 |  | 124468 | 4148 |
|  |  |  |  | $1735842 |
| **Total Return Bond Fund** |  |  |  |  |
| Athenahealth Group, Inc. | 02/15/29 |  | 771739 | $76896 |
| Aveanna Healthcare LLC | 07/17/28 |  | 402830 | 86608 |
| Confluent Health LLC | 11/30/28 |  | 714463 | 109549 |
| CTL Logistics | 08/10/42 |  | 692113 | 161982 |
| Fontainbleau Vegas | 09/30/25 |  | 20986552 |  |
| Higginbotham Insurance Agency, Inc. | 11/25/26 |  | 6495475 | 189018 |
| Hillman Group, Inc. | 07/14/28 |  | 593496 | 18653 |
| Lightning A | 03/01/37 |  | 36532020 |  |
| Thunderbird A | 03/01/37 |  | 36049301 | – |
|  |  |  |  | $642706 |
| **Ultra Short Duration Fund** |  |  |  |  |
| VT TopCo, Inc. | 08/01/25 |  | 46518 | $1550 |

---

\* The face amount is denominated in U.S. dollars unless otherwise indicated.

EUR - Euro

**Note 6 – Restricted Securities**

The securities below are considered illiquid and restricted under guidelines established by the Board:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Restricted Securities** | **Acquisition Date** | **Cost** | **Value** |
| **Core Bond Fund** | **Core Bond Fund** |  | | |
|  | Central Storage Safety Project Trust |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82% due 02/01/38 | 03/20/18 | $917008 | $806358 |
|  | Copper River CLO Ltd. |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>2</sup> | 05/09/14 | 819000 | 274 |
|  |  |  | $1736008 | $806632 |
| **Floating Rate Strategies Fund** | **Floating Rate Strategies Fund** |  |  |  |
|  | Mirabela Nickel Ltd. |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp; due 06/24/19<sup>3</sup> | 12/31/13 | $1160811 | $25596 |

---

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| **High Yield Fund** |  |  |  |
| Mirabela Nickel Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; due 06/24/19<sup>3</sup> | 12/31/13 | $252369 | $5562 |
| **Limited Duration Fund** |  |  |  |
| Cascade Funding Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2018-RM2 4.00% (WAC) due 10/25/68<sup>1</sup> | 11/02/18 | $5888438 | $5672042 |
| Cascade Funding Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-RM3 2.80% (WAC) due 06/25/69<sup>1</sup> | 06/25/19 | 1374735 | 1327141 |
| CFMT LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022-HB9 3.25% (WAC) due 09/25/37<sup>1</sup> | 09/23/22 | 2031326 | 2009985 |
| Copper River CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>2</sup> | 05/09/14 |  | 196 |
| FKRT |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.21% due 11/30/58 | 09/24/21 | 25699906 | 24668916 |
| LSTAR Securities Investment Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-1 5.92% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/01/26<sup>1</sup> | 02/04/21 | 7137539 | 6364458 |
| LSTAR Securities Investment Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-2 5.82% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 03/02/26<sup>1</sup> | 03/17/21 | 4952569 | 4868208 |
| Towd Point Revolving Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83% due 09/25/64 | 03/17/22 | 18499844 | 17808081 |
|  |  | $65584357 | $62719027 |
| **Macro Opportunities Fund** |  |  |  |
| Atlas Mara Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; due 12/31/21<sup>3</sup> | 10/01/15 | $6243950 | $1559880 |
| CFMT LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022-HB9 3.25% (WAC) due 09/25/37<sup>1</sup> | 09/23/22 | 7419732 | 7295246 |
| Copper River CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>2</sup> | 05/09/14 |  | 3189 |
| FKRT |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.21% due 11/30/58 | 09/24/21 | 33849876 | 32491938 |
| Mirabela Nickel Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; due 06/24/19<sup>3</sup> | 12/31/13 | 1710483 | 37708 |
| Secured Tenant Site Contract Revenue Notes Series |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2018-1A 4.70% due 06/15/48 | 05/25/18 | 6507961 | 6431641 |
|  |  | $55732002 | $47819602 |
| **Total Return Bond Fund** |  |  |  |
| ACRE Commercial Mortgage Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL4 B, 5.74% (1 Month USD LIBOR + 1.40%, Rate Floor: 1.40%) due 12/18/37<sup>1</sup> | 01/21/21 | $3100000 | $2960778 |
| ACRE Commercial Mortgage Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL4 C, 6.09% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 12/18/37<sup>1</sup> | 01/21/21 | 3100000 | 2917296 |
| ACRES Commercial Realty Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL2 B, 6.58% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 01/15/37<sup>1</sup> | 12/07/21 | 10100000 | 9751862 |
| ACRES Commercial Realty Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL2 AS, 6.08% (1 Month USD LIBOR + 1.75%, Rate Floor: 1.75%) due 01/15/37<sup>1</sup> | 12/07/21 | 3500000 | 3345217 |
| Anchorage Credit Funding 3 Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021-3A A1R, 2.87% due 01/28/39 | 12/24/20 | 39003649 | 34098492 |
| Anchorage Credit Funding Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2021-13A C2, 3.65% due 07/27/39 | 06/30/21 | 1950000 | 1566751 |
| Atlantic Marine Corporations Communities LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.37% due 12/01/50 | 02/02/17 | 763766 | 667164 |

---

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| Atlas Mara Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; due 12/31/21<sup>3</sup> | 10/01/15 | 2828684 | 714945.0 |
| BDS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020-FL5 B, 6.24% (1 Month Term SOFR + 1.91%, Rate Floor: 1.80%) due 02/16/37<sup>1</sup> | 07/27/20 | 4343055 | 4318580.0 |
| BDS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL9 D, 6.59% (1 Month USD LIBOR + 2.25%, Rate Floor: 2.25%) due 11/16/38<sup>1</sup> | 10/01/21 | 4400000 | 4024814.0 |
| BDS Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020-FL5 AS, 5.79% (1 Month Term SOFR + 1.46%, Rate Floor: 1.35%) due 02/16/37<sup>1</sup> | 06/08/20 | 3152985 | 3146057.0 |
| BRSP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL1 D, 7.04% (1 Month USD LIBOR + 2.70%, Rate Floor: 2.70%) due 08/19/38<sup>1</sup> | 07/12/21 | 3800000 | 3495065.0 |
| BSPDF Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL1 B, 6.12% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 10/15/36<sup>1</sup> | 10/06/21 | 6500000 | 6126817.0 |
| BSPDF Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL1 D, 7.07% (1 Month USD LIBOR + 2.75%, Rate Floor: 2.75%) due 10/15/36<sup>1</sup> | 10/06/21 | 3500000 | 3107684.0 |
| BSPRT Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL7 C, 6.62% (1 Month USD LIBOR + 2.30%, Rate Floor: 2.30%) due 12/15/38<sup>1</sup> | 12/09/21 | 7250000 | 6903691.0 |
| BSPRT Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL6 C, 6.37% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 03/15/36<sup>1</sup> | 03/15/21 | 5550000 | 5221721.0 |
| BSPRT Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL7 B, 6.37% (1 Month USD LIBOR + 2.05%, Rate Floor: 2.05%) due 12/15/38<sup>1</sup> | 12/09/21 | 4875000 | 4685241.0 |
| BXMT Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020-FL3 B, 6.07% (30 Day Average SOFR + 2.26%, Rate Floor: 2.15%) due 11/15/37<sup>1</sup> | 10/20/20 | 10600000 | 10295172.0 |
| BXMT Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020-FL2 C, 6.09% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 02/15/38<sup>1</sup> | 09/25/20 | 5305301 | 5160817.0 |
| BXMT Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2020-FL2 AS, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 02/15/38<sup>1</sup> | 06/03/20 | 5142201 | 5100439.0 |
| Cascade Funding Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2018-RM2, 4.00% (WAC) due 10/25/68<sup>1</sup> | 11/02/18 | 8538235 | 8224460.0 |
| Cascade Funding Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-RM3, 2.80% (WAC) due 06/25/69<sup>1</sup> | 06/25/19 | 4983904 | 4810886.0 |
| Central Storage Safety Project Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82% due 02/01/38 | 02/02/18 | 18955873 | 16530344.0 |
| CFMT LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>1</sup> | 09/23/22 | 8351005 | 8263272.0 |
| CHCP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL1 B, 6.09% (1 Month Term SOFR + 1.76%, Rate Floor: 1.65%) due 02/15/38<sup>1</sup> | 02/12/21 | 6562079 | 6303528.0 |
| CHCP Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL1 C, 6.54% (1 Month Term SOFR + 2.21%, Rate Floor: 2.10%) due 02/15/38<sup>1</sup> | 02/12/21 | 2950000 | 2734272.0 |
| Copper River CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2007-1A INC, due 01/20/21<sup>2</sup> | 05/09/14 |  | 587.0 |
| FKRT |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.21% due 11/30/58 | 09/24/21 | 117199571 | 112497936.0 |
| FS Rialto |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL3 B, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 11/16/36<sup>1</sup> | 10/21/21 | 8000000 | 7613849.0 |
| FS Rialto Issuer LLC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2022-FL7 B, 7.82% (1 Month Term SOFR + 3.91%, Rate Floor: 3.91%) due 10/19/39<sup>1</sup> | 11/18/22 | 1985217 | 1986029.0 |

---

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

---

| | | | |
|:---|:---|:---|:---|
| HERA Commercial Mortgage Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL1 A, 5.39% (1 Month USD LIBOR + 1.05%, Rate Floor: 1.05%) due 02/18/38<sup>1</sup> | 02/10/21 | 10000000 | 9649236 |
| HGI CRE CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL2 B, 5.83% (1 Month USD LIBOR + 1.50%, Rate Floor: 1.50%) due 09/17/36<sup>1</sup> | 09/17/21 | 5000000 | 4697005 |
| HGI CRE CLO Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL2 C, 6.13% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 09/17/36<sup>1</sup> | 09/17/21 | 1000000 | 945384 |
| LoanCore Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-CRE4 D, 6.42% (30 Day Average SOFR + 2.61%, Rate Floor: 2.50%) due 07/15/35<sup>1</sup> | 09/16/21 | 5602185 | 5370235 |
| LoanCore Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-CRE3 B, 5.92% (1 Month USD LIBOR + 1.60%, Rate Floor: 1.60%) due 04/15/34<sup>1</sup> | 07/27/20 | 4360653 | 4371750 |
| LSTAR Securities Investment Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-1 5.92% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%)due 02/01/26<sup>1</sup> | 02/04/21 | 39566798 | 35281239 |
| LSTAR Securities Investment Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-2 5.82% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 03/02/26<sup>1</sup> | 03/17/21 | 23183548 | 22788641 |
| MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL6 D, 6.88% (1 Month USD LIBOR + 2.55%, Rate Floor: 2.55%) due 07/16/36<sup>1</sup> | 06/10/21 | 3800000 | 3553434 |
| STWD Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-FL1 C, 6.39% (1 Month Term SOFR + 2.06%, Rate Floor: 1.95%) due 07/15/38<sup>1</sup> | 01/05/21 | 8791165 | 8540491 |
| STWD Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-FL2 C, 6.43% (1 Month USD LIBOR + 2.10%, Rate Floor: 2.10%) due 04/18/38<sup>1</sup> | 04/19/21 | 2820000 | 2630241 |
| STWD Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-FL1 AS, 5.84% (1 Month Term SOFR + 1.51%, Rate Floor: 1.40%) due 07/15/38<sup>1</sup> | 08/14/20 | 2191924 | 2162170 |
| Towd Point Revolving Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83% due 09/25/64 | 03/17/22 | 81499312 | 78451818 |
| TRTX Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-FL3 B, 6.19% (1 Month Term SOFR + 1.86%, Rate Floor: 1.75%) due 10/15/34<sup>1</sup> | 01/05/21 | 1494835 | 1444158 |
| TRTX Issuer Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-FL3 A, 5.59% (1 Month Term SOFR + 1.26%, Rate Floor: 1.15%) due 10/15/34<sup>1</sup> | 07/23/20 | 408555 | 406938 |
|  |  | $496009500 | $466866506 |
| **Ultra Short Duration Fund** |  |  |  |
| Cascade Funding Mortgage Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2019-RM3 2.80% (WAC) due 06/25/69<sup>1</sup> | 06/25/19 | $171842 | $165893 |
| FKRT |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.21% due 11/30/58 | 09/24/21 | 4549983 | 4367454 |
| LSTAR Securities Investment Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-1 5.92% (1 Month USD LIBOR + 1.80%, Rate Floor: 1.80%) due 02/01/26<sup>1</sup> | 02/04/21 | 1381459 | 1231830 |
| LSTAR Securities Investment Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2021-2 5.82% (1 Month USD LIBOR + 1.70%, Rate Floor: 1.70%) due 03/02/26<sup>1</sup> | 03/17/21 | 844850 | 830459 |
| Towd Point Revolving Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.83% due 09/25/64 | 03/17/22 | 3249973 | 3128447 |
|  |  | $10198107 | $9724083 |

---

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

*<sup>1</sup>* *Variable rate security. Rate indicated is the rate effective at December 31, 2022. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.*

*<sup>2</sup>* *Security has no stated coupon. However, it is expected to receive residual cash flow payments on defined deal dates.*

*<sup>3</sup>* *Security is in default of interest and/or principal obligations.*

**Note 7 – Market Risks**

The value of, or income generated by, the investments held by the Funds are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting individual companies, or from broader influences, including real or perceived changes in prevailing interest rates (which have since risen and may continue to rise), changes in inflation rates or expectations about inflation rates (which are currently elevated relative to normal conditions), adverse investor confidence or sentiment, changing economic, political (including geopolitical), social or financial market conditions, increased instability or general uncertainty, environmental disasters, governmental actions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, actual or threatened wars or other armed conflicts (such as the current Russia-Ukraine conflict and its risk of expansion or collateral economic and other effects) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country or geographic region could adversely affect the value, yield and return of the investments held by the Funds in a different country or geographic region, economy, and market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Funds' investments and performance of the Funds.

**OTHER INFORMATION *(Unaudited)***

**Sector Classification**

Information in the Schedule of Investments is categorized by sectors using sector-level Classifications defined by the Bloomberg Industry Classification System, a widely recognized industry classification system provider. Each Fund's registration statement has investment policies relating to concentration in specific sectors/industries. For purposes of these investment policies, the Funds usually classify sectors/industries based on industry-level Classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

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

  - **Street Address 1:** 702 King Farm Blvd., Suite 200

  - **City:** Rockville

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Guggenheim Macro Opportunities Fund

- **b. EDGAR series identifier (if any):** S000043989

- **c. LEI of Series:** 5493008Z4PZUFJR0MW94

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $5751143704.24

**Total Liabilities:** $104942238.03

**Net Assets:** $5646201466.21

**Amount of Assets Invested in Other Investment Companies:** $28220443.27

**Cash Not Reported:** $11637846.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6820.98455705 | **1-Year:** 150391.96465052 | **5-Year:** 527363.26010808 | **10-Year:** 89699.79173908 | **30-Year:** 321785.83730697

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

- **3-Month:** 3920.29530569 | **1-Year:** 97956.42298355 | **5-Year:** 746736.39122053 | **10-Year:** 328031.74883090 | **30-Year:** 149337.79059590

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000136521 | -0.23%               | 2.98%                | -0.10%               |
| Class ID C000136522 | -0.33%               | 2.92%                | -0.17%               |
| Class ID C000136523 | -0.24%               | 3.01%                | -0.06%               |
| Class ID C000155969 | -0.23%               | 2.98%                | -0.14%               |
| Class ID C000152104 | -0.24%               | 3.01%                | -0.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24064115.11            | $1408051.69                                |
| Month 2  | $-29675609.40            | $175759996.16                              |
| Month 3  | $-61919351.62            | $27255869.69                               |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Lehman XS Trust                                                           | Lehman XS Trust Series                                                                | CUSIP: 52522GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3932022 | PA      | $3673231.56   | 0.07%             | 2036-12-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                          | LPL Holdings, Inc.                                                                    | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     14788000 | PA      | $12867038.80  | 0.23%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEBER INC                                                                 | Weber-Stephen Products LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       421812 | PA      | $358540.63    | 0.01%             | 2027-10-30      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| WILTON RE LTD                                                             | Wilton RE Ltd.                                                                        | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |     31350000 | PA      | $27145024.50  | 0.48%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PARTNERRE FINANCE B LLC                                                   | PartnerRe Finance B LLC                                                               | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |      6460000 | PA      | $5589832.77   | 0.10%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                                                   | Reinsurance Group of America, Inc.                                                    | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |       300400 | NS      | $7795380.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Lightning A Unfunded                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     22033176 | PA      | $0.22         | 0.00%             | 2037-03-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | 20-Year Interest Rate Swap                                                            | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |     18750000 | NC      | $991566.73    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                                            | Castlelake Aircraft Structured Trust                                                  | CUSIP: 14856GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2538516 | PA      | $1942066.31   | 0.03%             | 2046-01-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                                            | Palmer Square Loan Funding Ltd.                                                       | CUSIP: 69701CAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      3400000 | PA      | $3170983.14   | 0.06%             | 2030-04-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |      -620000 | NC      | $-4970.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IXIS Real Estate Capital Trust                                            | IXIS Real Estate Capital Trust                                                        | CUSIP: 45073DAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24162536 | PA      | $6106416.54   | 0.11%             | 2037-05-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| AI CONVOY & CY SCA                                                        | AI Convoy Luxembourg SARL                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |      1153168 | PA      | $1173299.51   | 0.02%             | 2027-01-18      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| SBKSCP                                                                    | TPG Pace Beneficial II Corp.                                                          | CUSIP: SBKSCP682<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       807638 | NS      | $7935043.35   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GSAA Home Equity Trust                                                    | GSAA Home Equity Trust                                                                | CUSIP: 362334BS2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10506897 | PA      | $5699718.18   | 0.10%             | 2036-03-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| FLAMINGO LUX I SARL                                                       | Flamingo                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |      7945312 | PA      | $7738361.18   | 0.14%             | 2028-03-24      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DIR              |  | US        |    107500000 | NC      | $4946594.60   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| WOMENS CARE HOLDINGS INC                                                  | Women's Care Holdings, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     30911712 | PA      | $28844645.71  | 0.51%             | 2028-01-17      | Variable      | 7.87%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -2060000 | NC      | $9138.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DIR              |  | US        |    -22032000 | NC      | $-1096664.83  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FT 1 INC                                                                  | Targus Inc                                                                            | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |        12773 | NS      | $4849.01      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | ITRAXX.EUR.38.V1                                                                      | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DCR              |  | US        |   -116000000 | OU      | $-533176.35   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                      | FirstKey Homes Trust                                                                  | CUSIP: 33767JBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13550000 | PA      | $11893620.90  | 0.21%             | 2037-10-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                  | Occidental Petroleum Corp.                                                            | CUSIP: 674599DK8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |      2850000 | PA      | $2262706.23   | 0.04%             | 2044-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AASET 2018-2 Trust                                                        | AASET US Ltd.                                                                         | CUSIP: 04546KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13247037 | PA      | $10502660.23  | 0.19%             | 2038-11-18      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 54251MAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10038300 | PA      | $3102208.20   | 0.05%             | 2036-05-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| ONTARIO T-BILL                                                            | Ontario T-Bill                                                                        | CUSIP: 6832Z5JD3<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |       600000 | PA      | $442285.84    | 0.01%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |    164200000 | NC      | $695887.81    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| IMAGEFIRST HOLDINGS LLC                                                   | ImageFIRST Holdings LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6742158 | PA      | $6337628.73   | 0.11%             | 2028-04-27      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| RASPRO TRUST                                                              | Raspro Trust                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     15020380 | PA      | $14830296.80  | 0.26%             | 2024-03-23      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA VEND FIN IV                                                  | Virgin Media Vendor Financing Notes IV DAC                                            | CUSIP: 92770QAA5<br>LEI: 635400ZZNJSEA4CAJR23 | Long             | DBT              | CORP              | US        |      3650000 | PA      | $3190491.57   | 0.06%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -180000 | NC      | $189.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities                                             | Fortress Credit Opportunities IX CLO Ltd.                                             | CUSIP: 34961JBG8<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-O            | CORP              | KY        |     35000000 | PA      | $32294321.50  | 0.57%             | 2033-10-15      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| ACCIDENT FUND INS CO AM                                                   | Accident Fund Insurance Company of America                                            | CUSIP: 00452AAA8<br>LEI: 2549009NUX96RJZ6DQ30 | Long             | DBT              | CORP              | US        |      3000000 | PA      | $3070564.32   | 0.05%             | 2032-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                          | CSC Holdings LLC                                                                      | CUSIP: 126307BF3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      3275000 | PA      | $2135743.04   | 0.04%             | 2031-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                      | Bank of America Corp.                                                                 | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13850000 | NS      | $11729991.86  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Whale Acquisition Corp.                                              | Blue Whale Acquisition Corp.                                                          | CUSIP: SBP818Y98<br>LEI: N/A                  | N/A              | DE               |  | US        |       119424 | NS      | $8514.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman CLO Ltd                                                  | Neuberger Berman Loan Advisers CLO 32 Ltd.                                            | CUSIP: 64132DAQ1<br>LEI: 5493007YBEOXQIHH3C54 | Long             | ABS-O            | CORP              | KY        |     11500000 | PA      | $10646517.15  | 0.19%             | 2032-01-20      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |       320000 | NC      | $539.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sprite Limited                                                            | Sprite Ltd.                                                                           | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18030400 | PA      | $15608672.07  | 0.28%             | 2046-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Acres PLC                                                                 | ACRES Commercial Realty Ltd.                                                          | CUSIP: 00500JAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      8350000 | PA      | $8032993.92   | 0.14%             | 2037-01-15      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Home Equity Loan Trust                                                    | Home Equity Loan Trust                                                                | CUSIP: 43710XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7122666 | PA      | $6645162.88   | 0.12%             | 2037-04-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| CONFLUENT HEALTH LLC                                                      | Confluent Health LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4533037 | PA      | $3837986.43   | 0.07%             | 2028-11-30      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| SCHUR FLEXIBLES GMBH                                                      | Schur Flexibles GmbH                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |       787500 | PA      | $626938.40    | 0.01%             | 2027-09-28      | Variable      | 3.47%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                      | FirstKey Homes Trust                                                                  | CUSIP: 33767JBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13250000 | PA      | $11758985.45  | 0.21%             | 2037-10-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |       750000 | NC      | $6880.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAVERGLASS SAS                                                            | Saverglass                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |      3700000 | PA      | $3623440.08   | 0.06%             | 2029-02-19      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| EG GROUP LTD                                                              | EG Finco Ltd.                                                                         | CUSIP: N/A<br>LEI: 2138003OUK4UQHRJLT65       | Long             | LON              | CORP              | GB        |       955000 | PA      | $1033690.52   | 0.02%             | 2025-02-07      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DIR              |  | GB        |     66950000 | NC      | $249485.16    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                                    | Equitable Holdings, Inc.                                                              | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |       616000 | NS      | $10897040.00  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       690000 | NC      | $-1526.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DHANANI GROUP INC                                                         | Dhanani Group, Inc.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     14633182 | PA      | $14486850.00  | 0.26%             | 2027-06-10      | Variable      | 10.44%                | No            |                  3 | On Loan: No      |
| FS Rialto Issuer Ltd                                                      | FS Rialto Issuer LLC                                                                  | CUSIP: 30327MAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6950000 | PA      | $6896617.75   | 0.12%             | 2037-06-19      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                     | Tenet Healthcare Corp.                                                                | CUSIP: 88033GDG2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |       975000 | PA      | $872372.48    | 0.02%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BREITLING HOLDINGS SARL                                                   | Breitling Financing SARL                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |      3800000 | PA      | $3924007.71   | 0.07%             | 2028-10-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| FIRSTDIGITAL COMMUNICATIONS LLC                                           | FirstDigital Communications LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10550000 | PA      | $10299842.62  | 0.18%             | 2026-12-17      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                            | WaMu Asset-Backed Certificates WaMu Series                                            | CUSIP: 92926SAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24076836 | PA      | $9174728.80   | 0.16%             | 2037-04-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      4300000 | NC      | $-31747.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec JPY / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | JP        |     -3050000 | NC      | $41185.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QORVO INC                                                                 | Qorvo, Inc.                                                                           | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |     11220000 | PA      | $9921172.80   | 0.18%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                                            | Babson CLO Ltd.                                                                       | CUSIP: 05618HAE5<br>LEI: 549300SCEOLR3BTPYX35 | Long             | ABS-O            | CORP              | KY        |     11900000 | PA      | $559300.00    | 0.01%             | 2025-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                                         | Higginbotham Insurance Agency, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2579537 | PA      | $2504472.37   | 0.04%             | 2026-11-25      | Variable      | 9.63%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      3411765 | NC      | $36383.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 542514RL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3775788 | PA      | $3072764.28   | 0.05%             | 2036-02-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                                                      | TGP Holdings LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |        13106 | PA      | $10419.10     | 0.00%             | 2028-06-29      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| ONEX CORPORATION                                                          | Moran Foods LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       538794 | PA      | $312500.74    | 0.01%             | 2024-10-01      | Variable      | 15.48%                | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                                         | Accuride Corp.                                                                        | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | LON              | CORP              | US        |      6961543 | PA      | $5836836.15   | 0.10%             | 2023-11-17      | Variable      | 9.98%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                                | Morgan Stanley ABS Capital I Incorporated Trust                                       | CUSIP: 61750SAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19582237 | PA      | $9237824.39   | 0.16%             | 2036-10-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| SERVICE LOGIC ACQUISITION INC                                             | Service Logic Acquisition, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4444249 | PA      | $4199814.87   | 0.07%             | 2027-10-29      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| PARTNERRE LTD                                                             | PartnerRe Ltd.                                                                        | CUSIP: EP0597732<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |       208352 | NS      | $3921184.64   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange CAD/JPY                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |    -26100000 | NC      | $-628564.28   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                       | Bank of Nova Scotia                                                                   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |      4650000 | PA      | $4834311.40   | 0.09%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | Overnight Tokyo Average Rate                                                          | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |   5720000000 | OU      | $-61414.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                                                 | Atlas CC Acquisition Corp.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       520062 | PA      | $435739.32    | 0.01%             | 2028-05-25      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                                   | LCPR Senior Secured Financing DAC                                                     | CUSIP: 50201DAA1<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | US        |      2070000 | PA      | $1935450.00   | 0.03%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HARBOURVEST STRUCTURED SOLUTIONS IV HOLDINGS LP                           | HarbourVest Structured Solutions IV Holdings, LP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     12900000 | PA      | $13816000.86  | 0.24%             | 2026-09-15      | Variable      | 2.58%                 | No            |                  3 | On Loan: No      |
| LOIRE FINCO LUXEMBOURG SARL                                               | Loire Finco Luxembourg SARL                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |      7705412 | PA      | $7178901.49   | 0.13%             | 2027-04-21      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| KKR SIGMA AGGREGATOR LP                                                   | Sigma Holding BV (Flora Food)                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |     12019549 | PA      | $11107881.35  | 0.20%             | 2025-07-02      | Variable      | 3.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley ReRemic Trust                                              | Morgan Stanley Re-REMIC Trust                                                         | CUSIP: 61759HBA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       556301 | PA      | $485041.56    | 0.01%             | 2036-06-26      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DIR              |  | US        |     82100000 | NC      | $347943.91    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                                                  | Compass Minerals International, Inc.                                                  | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |      1820000 | PA      | $1747200.00   | 0.03%             | 2027-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                                                      | Wabash National Corp.                                                                 | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |      5857000 | PA      | $4987738.56   | 0.09%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MIDCAP FUNDING XLVI TRUST                                                 | Midcap Funding XLVI Trust                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     43400000 | PA      | $43423436.00  | 0.77%             | 2023-11-22      | Variable      | 7.67%                 | No            |                  3 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange NZD/JPY                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -4250000 | NC      | $-1000.96     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     15000000 | NC      | $184166.82    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                    | GSAA Home Equity Trust                                                                | CUSIP: 36249BAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       483959 | PA      | $458867.08    | 0.01%             | 2037-07-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management LLC                             | Guggenheim Strategy Fund II                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |       757299 | NS      | $18205467.98  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -360000 | NC      | $-3572.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                       | Delta Air Lines, Inc.                                                                 | CUSIP: 247361ZX9<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     10536000 | PA      | $10767167.53  | 0.19%             | 2025-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                                     | Government of Japan                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JP        |    832000000 | PA      | $6338682.44   | 0.11%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                  | OBX Trust                                                                             | CUSIP: 67117YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4794583 | PA      | $4642840.65   | 0.08%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       810000 | NC      | $-2472.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                      | Bank of America Corp.                                                                 | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      5800000 | NS      | $5691250.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                                                     | Carriage Services, Inc.                                                               | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4575000 | PA      | $3632999.04   | 0.06%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      4970000 | NC      | $-17223.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK                                                   | Great Lakes Dredge & Dock Corp.                                                       | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |     15785000 | PA      | $12271259.00  | 0.22%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Li                                            | Sapphire Aviation Finance II Ltd.                                                     | CUSIP: 80307AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9117555 | PA      | $5338489.82   | 0.09%             | 2040-03-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                                                   | Standard Industries, Inc.                                                             | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     11025000 | PA      | $8984543.38   | 0.16%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management LLC                             | Guggenheim Strategy Fund III                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |       735286 | NS      | $17690985.47  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -670000 | NC      | $5565.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CEAMER FINANCE II LLC                                                     | Ceamer Finance LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     11050000 | PA      | $10562805.50  | 0.19%             | 2038-05-15      | Fixed         | 6.92%                 | No            |                  3 | On Loan: No      |
| ACI WORLDWIDE INC                                                         | ACI Worldwide, Inc.                                                                   | CUSIP: 004498AB7<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | DBT              | CORP              | US        |       400000 | PA      | $387500.00    | 0.01%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3270000 | NC      | $-32522.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                   | Dryden 50 Senior Loan Fund                                                            | CUSIP: 262430AA9<br>LEI: 5493008NBEE3C4AF3K95 | Long             | ABS-O            | CORP              | KY        |      7895000 | PA      | $3124367.30   | 0.06%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR US NEWCO INC                                                  | TK Elevator US Newco, Inc.                                                            | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |      3000000 | PA      | $2662620.00   | 0.05%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                | Verus Securitization Trust 2022-8                                                     | CUSIP: 924922AC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4933813 | PA      | $4782303.57   | 0.08%             | 2067-09-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP LLC                                                    | First Brands Group LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7393064 | PA      | $6979052.79   | 0.12%             | 2027-03-30      | Variable      | 8.37%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       570000 | NC      | $6602.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                                            | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                | CUSIP: 35563CAB4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |     64466228 | PA      | $4165008.28   | 0.07%             | 2055-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Blackstone Strategic Credit Fu                                            | Blackstone Strategic Credit Fund                                                      | CUSIP: 09257R101<br>LEI: 549300YESIF051NRED20 | Long             | EC               | RF                | US        |      1057934 | NS      | $11192941.72  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstkey Homes Trust                                                      | FirstKey Homes Trust                                                                  | CUSIP: 33767JBA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8550000 | PA      | $7408456.16   | 0.13%             | 2037-10-19      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| MIRABELA NICKEL LTD                                                       | Mirabela Nickel Ltd.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | AU        |      1885418 | PA      | $37708.36     | 0.00%             | 2019-06-24      | Variable      | 9.50%                 | Yes           |                  3 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                  | Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp. | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000000 | PA      | $4514750.00   | 0.08%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange EUR/GBP                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     11000000 | NC      | $1.53         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1400000 | NC      | $14621.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -4000000 | NC      | $-1169.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       390000 | NC      | $3409.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Security Investors LLC                                                    | Guggenheim Alpha Opportunity Fund - Institutional Class                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |      1017008 | NS      | $26686286.30  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                  | HAH Group Holding Co. LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       760058 | PA      | $723004.81    | 0.01%             | 2027-10-29      | Variable      | 9.43%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                                    | Mauser Packaging Solutions Holding Co.                                                | CUSIP: 57763RAA5<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |      6550000 | PA      | $6418725.16   | 0.11%             | 2024-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PARADOCS HOLDING SARL                                                     | Alter Domus                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |      3840770 | PA      | $3725546.95   | 0.07%             | 2028-02-17      | Variable      | 8.06%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |      2540000 | NC      | $17202.53     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TCP Waterman CLO LLC                                                      | TCP Waterman Clo LLC                                                                  | CUSIP: 87233GAG5<br>LEI: 549300YFKQJL35BDIM44 | Long             | ABS-O            | CORP              | US        |      2724245 | PA      | $2696283.69   | 0.05%             | 2028-12-15      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange USD/CAD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    -20500000 | NC      | $-163412.06   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                      | Bank of America Corp.                                                                 | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |       293475 | NS      | $5150486.25   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC                                                    | Penn Entertainment, Inc.                                                              | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6975000 | PA      | $5510275.53   | 0.10%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                                                  | MB2 Dental Solutions LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7647750 | PA      | $7510560.72   | 0.13%             | 2027-01-29      | Variable      | 10.42%                | No            |                  3 | On Loan: No      |
| CENGAGE LEARNING INC                                                      | Cengage Learning, Inc.                                                                | CUSIP: 15137NAA1<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | DBT              | CORP              | US        |      5039000 | PA      | $4805946.25   | 0.09%             | 2024-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       740000 | NC      | $-5422.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                                   | NYMT Loan Trust                                                                       | CUSIP: 62956BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13981266 | PA      | $13460641.34  | 0.24%             | 2062-07-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| CP ATLAS BUYER INC                                                        | American Bath Group LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     13749487 | PA      | $12006051.74  | 0.21%             | 2027-11-23      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| BASIC ENERGY SERVICES INC                                                 | Basic Energy Services, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      1438000 | PA      | $43140.00     | 0.00%             | 2023-10-15      | Fixed         | 10.75%                | No            |                  3 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec NZD / Deliver JPY                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | JP        |      2300000 | NC      | $-68186.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASSURANT INC                                                              | Assurant, Inc.                                                                        | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |       258000 | NS      | $5209020.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      1380000 | NC      | $11544.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -410000 | NC      | $1755.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    -13000000 | NC      | $-82217.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      2310000 | NC      | $19881.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                                             | Boyne USA, Inc.                                                                       | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10820000 | PA      | $9576179.33   | 0.17%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1950000 | NC      | $15936.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PLANVIEW PARENT INC                                                       | Planview Parent, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     21389622 | PA      | $19804437.42  | 0.35%             | 2027-12-17      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                              | Voya CLO Ltd.                                                                         | CUSIP: 44986TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     28970307 | PA      | $4794875.51   | 0.08%             | 2030-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      2710000 | NC      | $-11716.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PFP III                                                                   | PFP Ltd.                                                                              | CUSIP: 69290LAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      1789911 | PA      | $1675338.85   | 0.03%             | 2038-04-14      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Alliance Bancorp Trust                                                    | Alliance Bancorp Trust                                                                | CUSIP: 01852TAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2029739 | PA      | $1660217.24   | 0.03%             | 2037-07-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -11400000 | NC      | $-69270.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -240000 | NC      | $-491.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 75114NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     30674404 | PA      | $6981577.15   | 0.12%             | 2046-06-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP                                                     | Eisner Advisory Group                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10922625 | PA      | $10267267.50  | 0.18%             | 2028-07-28      | Variable      | 9.69%                 | No            |                  3 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Thunderbird A                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     13057961 | PA      | $12731511.77  | 0.23%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Avalara, Inc.                                                             | Avalara, Inc.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |     -1600000 | PA      | $-22467.15    | -0.00%            | 2028-10-19      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| BEACON ROOFING SUPPLY IN                                                  | Beacon Roofing Supply, Inc.                                                           | CUSIP: 073685AH2<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |      4589000 | PA      | $3813419.17   | 0.07%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                                                | Air Canada                                                                            | CUSIP: 008911BJ7<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |      3550000 | PA      | $2289435.93   | 0.04%             | 2029-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HSI Asset Securitization Corpo                                            | HSI Asset Securitization Corporation Trust                                            | CUSIP: 40430FAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5934083 | PA      | $4218982.65   | 0.07%             | 2037-01-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | NO        |      -500000 | NC      | $5271.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                                     | McGraw-Hill Education, Inc.                                                           | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     26800000 | PA      | $22162729.00  | 0.39%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                                                               | U.S. Treasury Bonds                                                                   | CUSIP: 912803GA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    164620000 | PA      | $53513973.26  | 0.95%             | 2051-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -490000 | NC      | $3640.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GALLS                                                                     | Galls LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       408028 | PA      | $398403.85    | 0.01%             | 2024-01-31      | Variable      | 10.98%                | No            |                  3 | On Loan: No      |
| KDAC Aviation Finance Limited                                             | KDAC Aviation Finance Ltd.                                                            | CUSIP: 48244XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     40778018 | PA      | $30788219.37  | 0.55%             | 2042-12-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GR                                                  | Cogent Communications Group, Inc.                                                     | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |      3750000 | PA      | $3674730.34   | 0.07%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec CHF / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      4619553 | NC      | $2495.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN ROCK SALT COMPANY LLC                                            | American Rock Salt Company LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2711727 | PA      | $2542244.37   | 0.05%             | 2028-06-09      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                      | GCAT Trust                                                                            | CUSIP: 36168WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9779422 | PA      | $9368702.46   | 0.17%             | 2067-08-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     -4500000 | NC      | $-4177.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUEBEC T-BILL                                                             | Quebec T-Bill                                                                         | CUSIP: 09852UAM5<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |       475000 | PA      | $350058.73    | 0.01%             | 2023-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CARPENTER TECHNOLOGY                                                      | Carpenter Technology Corp.                                                            | CUSIP: 144285AL7<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |      8315000 | PA      | $7907814.45   | 0.14%             | 2028-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                                             | U.S. Treasury Bills                                                                   | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3600000 | PA      | $3596874.73   | 0.06%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR CORE HOLDING COMPANY LLC                                              | KKR Core Holding Company LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     23976300 | PA      | $20358036.19  | 0.36%             | 2031-08-12      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     -4500000 | NC      | $-107.85      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    -15000000 | NC      | $-17088.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      6260000 | NC      | $31495.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                                       | Charles Schwab Corp.                                                                  | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     18700000 | NS      | $14912315.00  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                                                           | Slam Ltd.                                                                             | CUSIP: 78449AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3262320 | PA      | $2651788.88   | 0.05%             | 2046-06-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| CAMELIA BIDCO LIMITED                                                     | Camelia Bidco Banc Civica                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     12975000 | PA      | $13567909.82  | 0.24%             | 2024-10-14      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| SHO HOLDING I CORP                                                        | SHO Holding I Corp.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |        60373 | PA      | $45279.89     | 0.00%             | 2024-04-27      | Variable      | 9.64%                 | No            |                  3 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange NZD/JPY                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    -30500000 | NC      | $-889295.05   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BCC Middle Market CLO                                                     | BCC Middle Market CLO LLC                                                             | CUSIP: 05550GAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9000000 | PA      | $8689296.60   | 0.15%             | 2033-10-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Lightning A                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     12766824 | PA      | $12447652.94  | 0.22%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |      3090000 | NC      | $18338.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                                       | Artera Services LLC                                                                   | CUSIP: 73939VAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     14385000 | PA      | $11983999.65  | 0.21%             | 2025-12-04      | Fixed         | 9.03%                 | No            |                  2 | On Loan: No      |
| ONEX CORPORATION                                                          | Moran Foods LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |        53562 | PA      | $43385.61     | 0.00%             | 2024-04-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |       690000 | NC      | $3546.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                                             | Goldentree Loan Management US CLO 4 Ltd.                                              | CUSIP: 38137YAW1<br>LEI: 549300H67V5FL4RU1Z53 | Long             | ABS-O            | CORP              | KY        |      2000000 | PA      | $1848562.00   | 0.03%             | 2031-04-24      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Aequi Acquisition Corp                                                    | Aequi Acquisition Corp.                                                               | CUSIP: 00775W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       999157 | NS      | $9791738.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Avenue Secured Funding                                            | Madison Avenue Secured Funding Trust                                                  | CUSIP: 55662QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20750000 | PA      | $20750000.00  | 0.37%             | 2023-01-17      | Floating      | 5.07%                 | No            |                  3 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | RLDatix                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3400533 | PA      | $3321300.99   | 0.06%             | 2025-04-27      | Variable      | 8.95%                 | No            |                  3 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                   | Goldman Sachs & Co. LLC                                                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -13810327 | PA      | $-13810327.39 | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |     -3230000 | NC      | $-26342.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UPC BROADBAND FINCO BV                                                    | UPC Broadband Finco BV                                                                | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |     20200000 | PA      | $16802259.00  | 0.30%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    -15000000 | NC      | $-101294.68   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD                                | Pershing Square Holdings Ltd.                                                         | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |     33500000 | PA      | $25200040.00  | 0.45%             | 2031-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Cengage Learning Holdings II I                                            | Cengage Learning Holdings II, Inc.                                                    | CUSIP: 15136X102<br>LEI: 5493003VGPEJMW28UG24 | Long             | EC               | CORP              | US        |        21660 | NS      | $242332.08    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATLAS CC ACQUISITION CORP                                                 | Atlas CC Acquisition Corp.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2556969 | PA      | $2142382.16   | 0.04%             | 2028-05-25      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     11000000 | NC      | $96.91        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GRANITE GENERATION LLC                                                    | Granite Generation LLC                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       668327 | PA      | $647755.91    | 0.01%             | 2026-11-09      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                        | Vodafone Group plc                                                                    | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     16875000 | PA      | $12292256.25  | 0.22%             | 2081-06-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -2190000 | NC      | $-11687.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      2320000 | NC      | $15863.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                                             | American Home Mortgage Assets Trust                                                   | CUSIP: 008684AD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7677975 | PA      | $6182536.65   | 0.11%             | 2046-12-25      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |   -832000000 | NC      | $-314392.09   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -985000 | NC      | $-5213.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KREF FUNDING V LLC                                                        | KREF Funding V LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     73636363 | PA      | $2945.45      | 0.00%             | 2026-06-25      | Fixed         | 0.15%                 | No            |                  3 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                                  | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                            | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8750000 | PA      | $7500170.74   | 0.13%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Treman Park CLO Ltd                                                       | Treman Park CLO Ltd.                                                                  | CUSIP: 89473MAD4<br>LEI: 549300E4DX3Q8L455K94 | Long             | ABS-O            | CORP              | KY        |      6518010 | PA      | $389972.56    | 0.01%             | 2028-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AASET 2021-1 Trust                                                        | AASET Trust                                                                           | CUSIP: 00038PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19107492 | PA      | $15261742.65  | 0.27%             | 2041-11-16      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGE PARTNERS                                                    | TransMontaigne Partners Limited Partnership / TLP Finance Corp.                       | CUSIP: 89376VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       700000 | PA      | $602000.00    | 0.01%             | 2026-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SYNEOS HEALTH INC                                                         | Syneos Health, Inc.                                                                   | CUSIP: 87166BAA0<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | DBT              | CORP              | US        |      1600000 | PA      | $1274152.00   | 0.02%             | 2029-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Jol Air                                                                   | JOL Air Ltd.                                                                          | CUSIP: 46651NAA2<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | KY        |     10562805 | PA      | $8628883.20   | 0.15%             | 2044-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| LTI HOLDINGS INC                                                          | LTI Holdings, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3875361 | PA      | $3691281.49   | 0.07%             | 2026-07-24      | Variable      | 9.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |    162650000 | NC      | $689318.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      2530000 | NC      | $26723.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT BOOST PURCHASER LLC                                               | Project Boost Purchaser LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6690285 | PA      | $6443613.79   | 0.11%             | 2026-05-29      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| ANTA INTERNATIONAL GROUP HOLDINGS LTD                                     | Mascot Bidco Oy                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FI        |      2575000 | PA      | $2541243.98   | 0.05%             | 2026-03-30      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| CELTIC INTERMEDIATE CORP                                                  | National Mentor Holdings, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       479283 | PA      | $333633.40    | 0.01%             | 2028-03-02      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DIR              |  | DE        |     92814000 | NC      | $5383122.90   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |  -1651055045 | NC      | $-204675.14   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                              | Mileage Plus Holdings LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     13725000 | PA      | $14099006.25  | 0.25%             | 2027-06-21      | Variable      | 10.00%                | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Thunderbird B Unfunded                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      4373399 | PA      | $0.04         | 0.00%             | 2037-03-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                                            | TeamSystem SpA                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | IT        |     11750000 | PA      | $11884375.60  | 0.21%             | 2028-02-15      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                                                       | Boxer Parent Company, Inc.                                                            | CUSIP: N/A<br>LEI: 5493006T045HLTF7YX04       | Long             | LON              | CORP              | US        |      1805970 | PA      | $1726146.50   | 0.03%             | 2025-10-02      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |      1100000 | NC      | $9026.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ARDIAN SAS                                                                | Florida Food Products LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     12857456 | PA      | $11700284.75  | 0.21%             | 2028-10-18      | Variable      | 9.38%                 | No            |                  2 | On Loan: No      |
| CONGRUEX GROUP LLC                                                        | Congruex Group LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4229313 | PA      | $4102433.61   | 0.07%             | 2029-05-03      | Variable      | 9.99%                 | No            |                  2 | On Loan: No      |
| SP PF PARENT CORP                                                         | SP PF Buyer LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     15228928 | PA      | $9951190.84   | 0.18%             | 2025-12-22      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange EUR/CAD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     11000000 | NC      | $14315.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | Datix Bidco Ltd.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      4225000 | PA      | $5002886.24   | 0.09%             | 2026-04-27      | Variable      | 9.94%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1032040 | NC      | $3485.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     -1678000 | NC      | $-13325.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      -670000 | NC      | $-1020.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CTEC JV SARL                                                              | CTEC III GmbH                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |      3800000 | PA      | $3819290.99   | 0.07%             | 2029-03-16      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| FENDER MUSICAL INSTRUMENTS CORP                                           | Fender Musical Instruments Corp.                                                      | CUSIP: N/A<br>LEI: 549300G8G1R16J8L5Q60       | Long             | LON              | CORP              | US        |      3516719 | PA      | $2830958.60   | 0.05%             | 2028-12-01      | Variable      | 8.42%                 | No            |                  2 | On Loan: No      |
| BCP V MODULAR SERVICES FINANCE PLC                                        | BCP V Modular Services Holdings IV Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      8200000 | PA      | $8151082.79   | 0.14%             | 2028-12-15      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3850000 | NC      | $-55724.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -490000 | NC      | $3599.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                                                   | SBA Communications Corp.                                                              | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |      3100000 | PA      | $2577619.00   | 0.05%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                                                       | First Republic Bank                                                                   | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |       699775 | NS      | $12078116.50  | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                      | OneMain Finance Corp.                                                                 | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     11750000 | PA      | $8767140.54   | 0.16%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WW INTERNATIONAL INC                                                      | WW International, Inc.                                                                | CUSIP: 98262PAA9<br>LEI: SGT8R1MU6ESIC7UJC518 | Long             | DBT              | CORP              | US        |      7050000 | PA      | $3522109.50   | 0.06%             | 2029-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange NZD/JPY                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -4250000 | NC      | $-56077.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| B RILEY FINANCIAL INC                                                     | B Riley Financial, Inc.                                                               | CUSIP: 05580M702<br>LEI: N/A                  | Long             | EP               | CORP              | US        |          401 | NS      | $9784.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T                                            | STWD Ltd.                                                                             | CUSIP: 78485KAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     11900000 | PA      | $11230379.86  | 0.20%             | 2038-11-15      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| NEXT LIMITED PARTNERSHIP INC                                              | SFR Group S.A.                                                                        | CUSIP: N/A<br>LEI: 5493001ZMCICV4N02J21       | Long             | LON              | CORP              | FR        |       432000 | PA      | $400861.44    | 0.01%             | 2026-08-14      | Variable      | 8.65%                 | No            |                  2 | On Loan: No      |
| OCULUS INTERMEDIATE INC                                                   | CNT Holdings I Corp.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6867010 | PA      | $6635248.28   | 0.12%             | 2027-11-08      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                  | United Wholesale Mortgage LLC                                                         | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      7150000 | PA      | $5687683.43   | 0.10%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                     | Level 3 Financing, Inc.                                                               | CUSIP: 527298BT9<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      7600000 | PA      | $5467213.22   | 0.10%             | 2029-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| West CLO Ltd                                                              | West CLO Ltd.                                                                         | CUSIP: 95168RAC2<br>LEI: 254900Y23DE747A9HN36 | Long             | ABS-O            | CORP              | KY        |      5300000 | PA      | $6837.00      | 0.00%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                      | Bank of America Corp.                                                                 | CUSIP: 06055H608<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |       271500 | NS      | $4534050.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     11600000 | NC      | $50958.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IP Lending LLC                                                            | IP Lending I LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     15347531 | PA      | $13927884.53  | 0.25%             | 2025-09-08      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| Credit Suisse Mortgage Trust                                              | CSMC Trust                                                                            | CUSIP: 12597XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3802039 | PA      | $3632857.77   | 0.06%             | 2060-08-25      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      -172000 | NC      | $-962.32      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                  | United Wholesale Mortgage LLC                                                         | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |     12600000 | PA      | $11347810.49  | 0.20%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |    -48183933 | NC      | $-257131.77   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FRONT RANGE TOPCO INC                                                     | Zayo Group Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6146447 | PA      | $4961473.78   | 0.09%             | 2027-03-09      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA                                                  | Papa John's International, Inc.                                                       | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |      7025000 | PA      | $5865875.00   | 0.10%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -440000 | NC      | $-2475.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                                      | JBS USA LUX S.A. / JBS USA Food Company / JBS USA Finance, Inc.                       | CUSIP: 46590XAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6500000 | PA      | $4595008.08   | 0.08%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Merit                                                                     | MHP 2022-MHIL                                                                         | CUSIP: 55293DAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8744927 | PA      | $8065676.88   | 0.14%             | 2027-01-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| AESF VI VERDI                                                             | Aesf Vi Verdi, LP                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      1653079 | PA      | $1770460.48   | 0.03%             | 2024-11-25      | Variable      | 2.15%                 | No            |                  3 | On Loan: No      |
| SERVICE CORP INTL                                                         | Service Corporation International                                                     | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |      3160000 | PA      | $2568785.74   | 0.05%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP                                                  | Holly Energy Partners Limited Partnership / Holly Energy Finance Corp.                | CUSIP: 435765AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3710000 | PA      | $3645044.95   | 0.06%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ZEPHYR BIDCO LTD                                                          | Zephyr Bidco Ltd.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     20850000 | PA      | $20542492.75  | 0.36%             | 2025-07-23      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                   | Jane Street Group / JSG Finance, Inc.                                                 | CUSIP: 47077WAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9650000 | PA      | $8299000.00   | 0.15%             | 2029-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FT 1 INC                                                                  | Targus Inc                                                                            | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |        12773 | NS      | $376.68       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| POST HOLDINGS INC                                                         | Post Holdings, Inc.                                                                   | CUSIP: 737446AQ7<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      1725000 | PA      | $1488226.50   | 0.03%             | 2030-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                  | OBX 2022-NQM9 Trust                                                                   | CUSIP: 67118LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8400000 | PA      | $8177556.24   | 0.14%             | 2062-09-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| MI WINDOWS AND DOORS LLC                                                  | MI Windows And Doors LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2447280 | PA      | $2416689.00   | 0.04%             | 2027-12-18      | Variable      | 7.92%                 | No            |                  2 | On Loan: No      |
| FT 1 INC                                                                  | Targus Inc                                                                            | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |        12773 | NS      | $1.28         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BSPRT Issuer, Ltd.                                                        | BSPRT Issuer Ltd.                                                                     | CUSIP: 05602CAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      1600000 | PA      | $1496503.52   | 0.03%             | 2038-12-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| ICEBOX HOLDCO III INC                                                     | Icebox Holdco III, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1187899 | PA      | $1092867.08   | 0.02%             | 2028-12-22      | Variable      | 8.23%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | NO        |     -2280000 | NC      | $21103.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                                                    | Ameriquest Mortgage Securities Trust                                                  | CUSIP: 03076MAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32106352 | PA      | $10458679.57  | 0.19%             | 2036-10-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Hull Street CDO Ltd                                                       | Hull Street CLO Ltd.                                                                  | CUSIP: 444838AG1<br>LEI: 549300W5TZ4WI4ZLP434 | Long             | ABS-O            | CORP              | KY        |      3885030 | PA      | $3840180.01   | 0.07%             | 2026-10-18      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| ATLAS MARA LTD                                                            | Atlas Mara Ltd.                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | VG        |      4642499 | PA      | $1559879.65   | 0.03%             | 2021-12-31      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| VT TOPCO INC                                                              | VT TopCo, Inc.                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       152419 | PA      | $147339.17    | 0.00%             | 2025-08-01      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      2450000 | NC      | $-19643.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                                            | CFMT LLC                                                                              | CUSIP: 12530GAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8650000 | PA      | $7295245.65   | 0.13%             | 2037-09-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Federated Hermes U.S. Treasury                                            | Federated Hermes U.S. Treasury Cash Reserves Fund - Institutional Shares              | CUSIP: 60934N682<br>LEI: 25490003NTA1P9CI5X97 | Long             | STIV             | RF                | US        |      1301928 | NS      | $1301927.56   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COBANK ACB                                                                | CoBank ACB                                                                            | CUSIP: 19075QAD4<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |     20000000 | NS      | $16966519.40  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -2500000 | NC      | $-16917.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                   | GLP Capital Limited Partnership / GLP Financing II, Inc.                              | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      6950000 | PA      | $6577063.00   | 0.12%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CHCP 2021-FL1 Ltd.                                                        | CHCP Ltd.                                                                             | CUSIP: 12546JAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5500000 | PA      | $5113282.90   | 0.09%             | 2038-02-15      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 75116AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13056696 | PA      | $4729557.15   | 0.08%             | 2047-02-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | Sterling Overnight Interbank Average Rate                                             | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      4491000 | OU      | $-645744.17   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                              | AES Corp.                                                                             | CUSIP: 00130HCC7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |      9760000 | PA      | $8608320.00   | 0.15%             | 2030-07-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PROJECT ALPHA INTERMEDIATE HOLDING INC                                    | Qlik Technologies, Inc. - Class B                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        43738 | NS      | $4.37         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CITIGROUP INC                                                             | Citigroup, Inc.                                                                       | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     13100000 | NS      | $11411672.00  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                                                  | SK Invictus Intermediate II Sarl                                                      | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     11525000 | PA      | $9450500.00   | 0.17%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4200000 | NC      | $23266.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION HOLDINGS INC                                         | CapStone Acquisition Holdings, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1440676 | PA      | $1379446.89   | 0.02%             | 2027-11-12      | Variable      | 9.13%                 | No            |                  3 | On Loan: No      |
| Citibank, N.A.                                                            | Foreign Exchange NOK/SEK                                                              | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |     39000000 | NC      | $14876.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |      1560000 | NC      | $-10627.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                                                  | 1011778 BC ULC / New Red Finance, Inc.                                                | CUSIP: 68245XAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     10660000 | PA      | $8632574.60   | 0.15%             | 2030-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Asset High Income Oppo                                            | Western Asset High Income Opportunity Fund, Inc.                                      | CUSIP: 95766K109<br>LEI: 549300S7N70O2ERKYG47 | Long             | EC               | RF                | US        |       521729 | NS      | $2060829.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Military Housing B                                            | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                | CUSIP: 35563CAT5<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |    156182607 | PA      | $9188535.13   | 0.16%             | 2052-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange EUR/GBP                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      4700000 | NC      | $6.99         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -1800000 | NC      | $-20771.04    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUIRCH FOODS HOLDINGS LLC                                                 | Quirch Foods Holdings LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     19509282 | PA      | $17753446.72  | 0.31%             | 2027-10-27      | Variable      | 8.99%                 | No            |                  3 | On Loan: No      |
| TEAM BLUE FINCO SARL                                                      | Team.Blue Finco SARL                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |     10339869 | PA      | $10395793.10  | 0.18%             | 2028-03-30      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      -357000 | NC      | $-2154.47     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                              | United Airlines, Inc.                                                                 | CUSIP: N/A<br>LEI: K1OQBWM7XEOO08LDNP29       | Long             | LON              | CORP              | US        |     25117500 | PA      | $24754803.30  | 0.44%             | 2028-04-21      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                         | Magnetite XXIX Ltd.                                                                   | CUSIP: 55955KAG9<br>LEI: 549300XSCWZTP19VRZ67 | Long             | ABS-O            | CORP              | KY        |      8800000 | PA      | $8381565.28   | 0.15%             | 2034-01-15      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| OMNITRACS HOLDINGS LLC                                                    | Polaris Newco LLC                                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |     -1751274 | PA      | $-150095.49   | -0.00%            | 2026-06-04      | Variable      | 1.56%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -12000000 | NC      | $-58089.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                  | Hilton Domestic Operating Company, Inc.                                               | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |      4150000 | PA      | $3323320.00   | 0.06%             | 2032-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                                            | JP Morgan Mortgage Acquisition Trust                                                  | CUSIP: 46630BAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21710376 | PA      | $11668888.29  | 0.21%             | 2036-12-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -250000 | NC      | $-129.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4100000 | NC      | $37475.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamond CLO 2018-1, LLC                                                   | Diamond CLO Ltd.                                                                      | CUSIP: 25256LAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5000000 | PA      | $4922156.50   | 0.09%             | 2030-07-22      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                       | Medline Borrower, LP                                                                  | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     20825000 | PA      | $16784117.00  | 0.30%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                                      | FS Rialto                                                                             | CUSIP: 30323CAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     36500000 | PA      | $33654357.80  | 0.60%             | 2036-11-16      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                                          | AMC Networks, Inc.                                                                    | CUSIP: 00164VAF0<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |     10200000 | PA      | $6355594.50   | 0.11%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -340000 | NC      | $2814.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange AUD/CAD                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    -29000000 | NC      | $-197237.71   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investo                                            | Merrill Lynch Mortgage Investors Trust Series 2007-HE2                                | CUSIP: 59024LAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1657891 | PA      | $494314.55    | 0.01%             | 2037-02-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| ADEVINTA ASA                                                              | Adevinta ASA                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | NO        |      3433000 | PA      | $3244749.38   | 0.06%             | 2027-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NFM & J LLC                                                               | The Facilities Group                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |     -1495302 | PA      | $-34603.90    | -0.00%            | 2027-11-30      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| Whitehorse Ltd                                                            | WhiteHorse X Ltd.                                                                     | CUSIP: 96525XAA9<br>LEI: 549300UT33WDDDZEYN84 | Long             | ABS-O            | CORP              | KY        |      4999970 | PA      | $4683967.59   | 0.08%             | 2027-04-17      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | Foreign Exchange NOK/SEK                                                              | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |     39000000 | NC      | $57621.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NFM & J LLC                                                               | The Facilities Group                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6976167 | PA      | $6814726.32   | 0.12%             | 2027-11-30      | Variable      | 10.27%                | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                                    | BP Capital Markets plc                                                                | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | US        |     39360000 | PA      | $34440000.00  | 0.61%             | N/A             | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| SYNDIGO LLC                                                               | Syndigo LLC                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     24912603 | PA      | $22421342.84  | 0.40%             | 2027-12-15      | Variable      | 8.84%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | SE        |      -330000 | NC      | $749.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      3420000 | NC      | $-14116.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATD New Holdings Inc                                                      | ATD New Holdings, Inc.                                                                | CUSIP: 04683P100<br>LEI: 5493001F45YR8KICVO87 | Long             | EC               | CORP              | US        |        42478 | NS      | $2973460.00   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -27075382 | NC      | $-21967.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASTON FINCO SARL                                                          | Aston FinCo SARL                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |     12805650 | PA      | $14242260.64  | 0.25%             | 2026-10-09      | Variable      | 8.20%                 | No            |                  3 | On Loan: No      |
| ADT SEC CORP                                                              | ADT Security Corp.                                                                    | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |      5150000 | PA      | $4376618.63   | 0.08%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       150000 | NC      | $-955.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VECTOR PHOENIX HOLDINGS (CAYMAN) LP                                       | Vector Phoenix Holdings, LP                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |        37539 | NS      | $8969.91      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SHERWOOD FINANCING PLC                                                    | Sherwood Financing plc                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |     15600000 | PA      | $13428831.53  | 0.24%             | 2026-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOLRR Aircraft 2021-1 Limited                                             | Lunar Structured Aircraft Portfolio Notes                                             | CUSIP: 83438LAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |      5361332 | PA      | $4106740.62   | 0.07%             | 2046-10-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                                     | Government of Japan                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JP        |   1375000000 | PA      | $10476917.46  | 0.19%             | 2023-01-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |    164200000 | NC      | $611881.45    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |    -79500000 | NC      | $2377286.74   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| LTI HOLDINGS INC                                                          | LTI Holdings, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2329255 | PA      | $2225160.77   | 0.04%             | 2025-09-08      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange USD/SEK                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     12100000 | NC      | $4767.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                                                   | Superior Plus Limited Partnership / Superior General Partner, Inc.                    | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      4800000 | PA      | $4104000.00   | 0.07%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                                  | British Telecommunications plc                                                        | CUSIP: 11102AAF8<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |      5250000 | PA      | $4392042.32   | 0.08%             | 2081-11-23      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| ORION ADVISOR SOLUTIONS INC                                               | Orion Advisor Solutions, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     21242752 | PA      | $19304351.12  | 0.34%             | 2027-09-24      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| Great Lakes CLO Ltd                                                       | Great Lakes CLO Ltd.                                                                  | CUSIP: 39055RAE2<br>LEI: 254900GKX01S4T3NFH46 | Long             | ABS-O            | CORP              | KY        |      1500000 | PA      | $550905.15    | 0.01%             | 2029-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NFM & J LLC                                                               | NFM & J LLC                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      8342030 | PA      | $8148980.99   | 0.14%             | 2027-11-30      | Variable      | 10.13%                | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     -4250000 | NC      | $-959.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DISPATCH TERRA ACQUISITION LLC                                            | Dispatch Terra Acquisition LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10267214 | PA      | $8624459.75   | 0.15%             | 2028-03-27      | Variable      | 8.98%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                  | Builders FirstSource, Inc.                                                            | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |       800000 | PA      | $751396.96    | 0.01%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                     | Molina Healthcare, Inc.                                                               | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      1770000 | PA      | $1615284.30   | 0.03%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                                            | Golub Capital Partners CLO 49M Ltd.                                                   | CUSIP: 38178GAG5<br>LEI: 254900NUVOJAHAT10W61 | Long             | ABS-O            | CORP              | KY        |     18100000 | PA      | $16007513.30  | 0.28%             | 2033-08-26      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                                           | Global Atlantic Finance Co.                                                           | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22350000 | PA      | $17023275.11  | 0.30%             | 2051-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange EUR/CAD                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      3750000 | NC      | $80196.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FARMER MAC                                                                | Farmer Mac                                                                            | CUSIP: 313148850<br>LEI: 549300MS654K78GYF580 | Long             | EP               | CORP              | US        |       378000 | NS      | $8151570.00   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | Datix Bidco Ltd.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      1000000 | PA      | $1180730.17   | 0.02%             | 2025-04-28      | Variable      | 6.69%                 | No            |                  3 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 75114NAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7981062 | PA      | $1871025.81   | 0.03%             | 2046-06-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| INGEVITY CORP                                                             | Ingevity Corp.                                                                        | CUSIP: 45688CAB3<br>LEI: 5493009UTFC4B5IMGF87 | Long             | DBT              | CORP              | US        |      1000000 | PA      | $859865.20    | 0.02%             | 2028-11-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ILPEA PARENT INC                                                          | ILPEA Parent, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3626909 | PA      | $3427428.80   | 0.06%             | 2028-06-22      | Variable      | 8.89%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     -1350000 | NC      | $-7069.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC                                                  | Allison Transmission, Inc.                                                            | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |      2925000 | PA      | $2405812.50   | 0.04%             | 2031-01-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                         | Post Holdings, Inc.                                                                   | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |      1300000 | PA      | $1176389.50   | 0.02%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cerberus                                                                  | Cerberus Loan Funding XXXVI, LP                                                       | CUSIP: 15674UAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9000000 | PA      | $8836245.90   | 0.16%             | 2033-11-22      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                                                    | Clearway Energy Operating LLC                                                         | CUSIP: 18539UAD7<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     11373000 | PA      | $9442421.54   | 0.17%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                                                  | MB2 Dental Solutions LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7315054 | PA      | $7183832.87   | 0.13%             | 2027-01-29      | Variable      | 10.42%                | No            |                  3 | On Loan: No      |
| BOXER PARENT CO INC                                                       | Boxer Parent Company, Inc.                                                            | CUSIP: 103186AB8<br>LEI: 5493006T045HLTF7YX04 | Long             | DBT              | CORP              | US        |       375000 | PA      | $364691.82    | 0.01%             | 2025-10-02      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                              | GS Mortgage Securities Corporation Trust                                              | CUSIP: 36258PAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8256000 | PA      | $7048915.83   | 0.12%             | 2037-02-10      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      2960000 | NC      | $-5883.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1890000 | NC      | $6124.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DIR              |  | GB        |     66950000 | NC      | $283737.45    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |      2060000 | NC      | $18324.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                                    | Equitable Holdings, Inc.                                                              | CUSIP: 29452EAA9<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |     24550000 | NS      | $23143285.00  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DIR              |  | US        |    107500000 | NC      | $4926050.21   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Capmark Military Housing Trust                                            | Capmark Military Housing Trust                                                        | CUSIP: 14070AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5521214 | PA      | $5003379.04   | 0.09%             | 2052-10-10      | Fixed         | 6.06%                 | No            |                  3 | On Loan: No      |
| Madison Park Funding Ltd                                                  | Madison Park Funding XLVIII Ltd.                                                      | CUSIP: 55821UAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      7500000 | PA      | $7060854.75   | 0.13%             | 2033-04-19      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| OMNITRACS HOLDINGS LLC                                                    | Polaris Newco LLC                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     16879300 | PA      | $15432634.66  | 0.27%             | 2026-06-04      | Variable      | 7.67%                 | No            |                  3 | On Loan: No      |
| NFP CORP                                                                  | NFP Corp.                                                                             | CUSIP: 65342RAF7<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |      4150000 | PA      | $3902592.31   | 0.07%             | 2030-10-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       300000 | NC      | $2883.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                               | 3-Month SOFR Futures Contracts                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1470 | NC      | $-936232.49   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR LOGISTICS LP                                                       | NuStar Logistics, LP                                                                  | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |     17895000 | PA      | $16546874.99  | 0.29%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                           | Venture XIV CLO Ltd.                                                                  | CUSIP: 92328GBC9<br>LEI: 5493002O60L75PP6F022 | Long             | ABS-O            | CORP              | KY        |      8000000 | PA      | $7724654.40   | 0.14%             | 2029-08-28      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley IXIS Real Estat                                            | Morgan Stanley IXIS Real Estate Capital Trust                                         | CUSIP: 617463AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16684583 | PA      | $5705181.28   | 0.10%             | 2036-11-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| ALBERTA T-BILL                                                            | Alberta T-Bill                                                                        | CUSIP: 01306BAY0<br>LEI: LQPXMHHNJKIPJYE53543 | Long             | DBT              | NUSS              | CA        |      1000000 | PA      | $735968.38    | 0.01%             | 2023-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MSD Acquisition Corp                                                      | MSD Acquisition Corp.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       833026 | NS      | $8413562.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | Foreign Exchange NOK/SEK                                                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    113000000 | NC      | $12314.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -500000 | NC      | $-2617.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AB Private Credit Investors LL                                            | ABPCI Direct Lending Fund CLO VII, LP                                                 | CUSIP: 00085KAW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7950000 | PA      | $7318378.86   | 0.13%             | 2031-10-20      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                                            | Public Storage                                                                        | CUSIP: 74460W552<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |       571245 | NS      | $10916491.95  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4100000 | NC      | $68041.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU LAS VEGAS                                                   | Fontainbleau Vegas Unfunded                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      5313577 | PA      | $5328242.05   | 0.09%             | 2025-09-30      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| CROSS FINANCIAL CORP                                                      | Cross Financial Corp.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3343485 | PA      | $3282199.16   | 0.06%             | 2027-09-15      | Variable      | 8.44%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NZD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     21550000 | NC      | $53303.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QUEBEC T-BILL                                                             | Quebec T-Bill                                                                         | CUSIP: 09852UAU7<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |      4000000 | PA      | $2945380.67   | 0.05%             | 2023-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                          | LPL Holdings, Inc.                                                                    | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |      5500000 | PA      | $4675821.92   | 0.08%             | 2031-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -100000 | NC      | $213.48       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -3170000 | NC      | $-10598.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONFLUENT HEALTH LLC                                                      | Confluent Health LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       558208 | PA      | $472617.73    | 0.01%             | 2028-11-30      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Acres PLC                                                                 | ACRES Commercial Realty Ltd.                                                          | CUSIP: 00500JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5250000 | PA      | $5071059.00   | 0.09%             | 2037-01-15      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION HOLDINGS INC                                         | CapStone Acquisition Holdings, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     24558352 | PA      | $23514622.05  | 0.42%             | 2027-11-12      | Variable      | 9.13%                 | No            |                  3 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                                                  | SCIL IV LLC / SCIL USA Holdings LLC                                                   | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10675000 | PA      | $9047062.50   | 0.16%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Diamond CLO 2019-1 LLC                                                    | Diamond CLO Ltd.                                                                      | CUSIP: 25257AAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |       796194 | PA      | $787951.33    | 0.01%             | 2029-04-25      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                                                  | United Wholesale Mortgage LLC                                                         | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |      4550000 | PA      | $3917055.46   | 0.07%             | 2027-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SPECTRUM BRANDS INC                                                       | Spectrum Brands, Inc.                                                                 | CUSIP: 84762LAW5<br>LEI: 549300VU3EH2E73C1Q04 | Long             | DBT              | CORP              | US        |      4726000 | PA      | $4170853.94   | 0.07%             | 2030-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange AUD/JPY                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     -4500000 | NC      | $-106.44      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                                             | American Home Mortgage Assets Trust                                                   | CUSIP: 02660WAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6779823 | PA      | $5717274.98   | 0.10%             | 2046-05-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |     -3932000 | OU      | $90025.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       450000 | NC      | $-4698.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                                              | VT TopCo, Inc.                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4146928 | PA      | $4008710.70   | 0.07%             | 2025-08-01      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Ace Securities Corp.                                                      | ACE Securities Corporation Home Equity Loan Trust Series                              | CUSIP: 00442JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10788363 | PA      | $4260896.30   | 0.08%             | 2037-03-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SWEDEN (KINGDOM OF)                                                       | Kingdom of Sweden                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | SE        |     50000000 | PA      | $4789965.58   | 0.08%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -22678922 | NC      | $-129201.88   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                  | Hilton Domestic Operating Company, Inc.                                               | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |       525000 | PA      | $509250.00    | 0.01%             | 2028-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |       460000 | NC      | $1694.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      6071000 | OU      | $-829845.05   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      5178000 | OU      | $-83840.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                    | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc           | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       172000 | PA      | $136314.70    | 0.00%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DXP ENTERPRISES INC                                                       | DXP Enterprises, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     12871648 | PA      | $12211976.44  | 0.22%             | 2027-12-23      | Variable      | 9.95%                 | No            |                  2 | On Loan: No      |
| SCHUR FLEXIBLES GMBH                                                      | Schur Flexibles GmbH                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | DE        |      -214755 | PA      | $-8050.14     | -0.00%            | 2026-09-30      | Variable      | 9.50%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -290000 | NC      | $-1613.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SCHUR FLEXIBLES GMBH                                                      | Schur Flexibles GmbH                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |        71585 | PA      | $73984.63     | 0.00%             | 2026-09-30      | Fixed         | 11.94%                | No            |                  2 | On Loan: No      |
| VT TOPCO INC                                                              | VT TopCo, Inc.                                                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |      -124468 | PA      | $-4148.52     | -0.00%            | 2025-08-01      | Variable      | 3.75%                 | No            |                  3 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -570000 | NC      | $5217.65      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Corporate High Yield                                            | BlackRock Corporate High Yield Fund, Inc.                                             | CUSIP: 09255P107<br>LEI: 97ZR60BLU36N5VJMH054 | Long             | EC               | RF                | US        |       931935 | NS      | $8145111.90   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CML - CBS STUDIOS                                                         | CBS Studio Center                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     22000000 | PA      | $22220000.00  | 0.39%             | 2024-01-09      | Variable      | 6.80%                 | No            |                  3 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | NO        |      -520000 | NC      | $5422.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -6050000 | NC      | $50628.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       290000 | NC      | $1473.68      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LoanCore 2019-CRE2 Issuer, Ltd                                            | LoanCore Issuer Ltd.                                                                  | CUSIP: 53946JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     11227951 | PA      | $11106271.17  | 0.20%             | 2036-05-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Commodity Exchange, Inc.                                                  | Gold 100 oz. Futures Contracts                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |          389 | NC      | $2796698.07   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |       428000 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                                            | BRAVO Residential Funding Trust                                                       | CUSIP: 10568PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25424739 | PA      | $22518347.66  | 0.40%             | 2070-01-29      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                    | Bank of New York Mellon Corp.                                                         | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     20550000 | NS      | $16552138.47  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| RENT-A-CENTER INC                                                         | Rent-A-Center, Inc.                                                                   | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |      1450000 | PA      | $1172975.05   | 0.02%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                                                  | Virgin Media Secured Finance plc                                                      | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | US        |      7950000 | PA      | $6641628.75   | 0.12%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                                   | GLP Capital Limited Partnership / GLP Financing II, Inc.                              | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     22640000 | PA      | $19420592.00  | 0.34%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DIR              |  | DE        |     72235000 | NC      | $5555379.31   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    -30000000 | NC      | $-26787.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                                                          | Paramount Global                                                                      | CUSIP: 92556HAC1<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     10340000 | PA      | $7521502.84   | 0.13%             | 2050-05-19      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                                             | Cable One, Inc.                                                                       | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     12575000 | PA      | $9867800.68   | 0.17%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PACKERS HOLDINGS LLC                                                      | Packers Holdings LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     22726554 | PA      | $19786420.14  | 0.35%             | 2028-03-09      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                                             | U.S. Treasury Bills                                                                   | CUSIP: 912796V48<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      5000000 | PA      | $4934811.75   | 0.09%             | 2023-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP                                                     | Eisner Advisory Group                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1208870 | PA      | $1136338.14   | 0.02%             | 2028-07-28      | Variable      | 9.69%                 | No            |                  2 | On Loan: No      |
| First NLC Trust                                                           | First NLC Trust                                                                       | CUSIP: 32115BAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6648473 | PA      | $3095520.38   | 0.05%             | 2037-08-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | Foreign Exchange CAD/JPY                                                              | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3750000 | NC      | $-47342.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 54251RAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2503113 | PA      | $1004375.71   | 0.02%             | 2036-07-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL                                                  | First American Financial Corp.                                                        | CUSIP: 31847RAG7<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |     11760000 | PA      | $9848552.53   | 0.17%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       420000 | NC      | $2691.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec JPY / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |  12415167540 | NC      | $979104.95    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BIB MERCHANT VOUCHER RECEIVABLES LTD                                      | Bib Merchant Voucher Receivables Ltd.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     13206731 | PA      | $12690083.64  | 0.22%             | 2028-04-07      | Fixed         | 4.18%                 | No            |                  3 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                                                | J.P. Morgan Securities LLC                                                            | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Short            | RA               | CORP              | US        |    -19339470 | PA      | $-19339470.13 | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                  | Prudential Financial, Inc.                                                            | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |      2750000 | PA      | $2502500.00   | 0.04%             | 2052-03-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 54251UAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16658692 | PA      | $4664183.75   | 0.08%             | 2036-09-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Cerberus                                                                  | Cerberus Loan Funding XXXIII, LP                                                      | CUSIP: 15674PAE7<br>LEI: 54930000UKAI7FBHXD27 | Long             | ABS-O            | CORP              | KY        |      5900000 | PA      | $5230083.32   | 0.09%             | 2033-07-23      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| ARCLINE FM HOLDINGS LLC                                                   | Arcline FM Holdings LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     20935000 | PA      | $19853288.55  | 0.35%             | 2028-06-23      | Variable      | 9.48%                 | No            |                  2 | On Loan: No      |
| Cerberus                                                                  | Cerberus Loan Funding XXXV, LP                                                        | CUSIP: 15674RAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5150000 | PA      | $4665310.84   | 0.08%             | 2033-09-22      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| ONEX CORPORATION                                                          | Moran Foods LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       411446 | PA      | $333271.51    | 0.01%             | 2024-04-01      | Variable      | 11.73%                | No            |                  2 | On Loan: No      |
| American Money Management Corp                                            | AMMC CLO XI Ltd.                                                                      | CUSIP: 001747AE4<br>LEI: 5493004OOK6VXHQ8DQ60 | Long             | ABS-O            | CORP              | KY        |      5650000 | PA      | $1753765.65   | 0.03%             | 2031-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1600000 | NC      | $-8328.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -880000 | NC      | $-7118.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MADISON INDUSTRIES US HOLDINGS CORP                                       | Filtration Group Corp.                                                                | CUSIP: N/A<br>LEI: 549300ZA0D9WN5ECE978       | Long             | LON              | CORP              | US        |      1250619 | PA      | $1291431.04   | 0.02%             | 2025-03-31      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| ENDO INTERNATIONAL PLC                                                    | Endo Luxembourg Finance Company I SARL                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | LU        |      7653125 | PA      | $6103367.19   | 0.11%             | 2028-03-27      | Variable      | 13.50%                | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1510000 | NC      | $-3350.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    -15000000 | NC      | $-170214.41   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GALLS                                                                     | Galls LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3470834 | PA      | $3384063.28   | 0.06%             | 2025-01-31      | Variable      | 11.19%                | No            |                  3 | On Loan: No      |
| FIRST REPUBLIC BANK                                                       | First Republic Bank                                                                   | CUSIP: 33616C761<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |       328975 | NS      | $5263600.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                 | Block, Inc.                                                                           | CUSIP: 852234AN3<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |      9711000 | PA      | $8675807.40   | 0.15%             | 2026-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |       440000 | NC      | $3057.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MSCI INC                                                                  | MSCI, Inc.                                                                            | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |       883000 | PA      | $734148.28    | 0.01%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -4700000 | NC      | $-32544.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -190000 | NC      | $1412.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PROJECT ALPHA INTERMEDIATE HOLDING INC                                    | Qlik Technologies, Inc. - Class A                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |          177 | NS      | $266674.12    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      3810000 | NC      | $44183.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                                                   | CNO Financial Group, Inc.                                                             | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |       324000 | NS      | $5478840.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      -240000 | NC      | $-1701.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -830000 | NC      | $-5090.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1AA PTT                                                   | American Airlines Class AA Pass Through Trust                                         | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1037315 | PA      | $858434.98    | 0.02%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Diamond CLO 2019-1 LLC                                                    | Diamond CLO Ltd.                                                                      | CUSIP: 25257AAU8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5500000 | PA      | $5254928.25   | 0.09%             | 2029-04-25      | Floating      | 7.76%                 | No            |                  2 | On Loan: No      |
| CAMIN CARGO CONTROL INC                                                   | Camin Cargo Control, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6562602 | PA      | $6414220.68   | 0.11%             | 2026-06-04      | Variable      | 10.88%                | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      3275000 | NC      | $29248.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                                      | Kaiser Aluminum Corp.                                                                 | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13250000 | PA      | $10649687.50  | 0.19%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                                                    | GSAA Home Equity Trust                                                                | CUSIP: 362382AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7585952 | PA      | $2398798.03   | 0.04%             | 2036-06-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| ZIGGO BV                                                                  | Ziggo BV                                                                              | CUSIP: 98955DAA8<br>LEI: 213800TQASLF9JXH5J59 | Long             | DBT              | CORP              | NL        |      5164000 | PA      | $4321080.28   | 0.08%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 75115FAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3918650 | PA      | $3664507.48   | 0.06%             | 2046-10-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | Foreign Exchange USD/JPY                                                              | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3000000 | NC      | $-39.03       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                                                   | VZ Secured Financing BV                                                               | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |     15050000 | PA      | $12229952.22  | 0.22%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 761118WA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3182638 | PA      | $720251.41    | 0.01%             | 2046-02-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| NFP CORP                                                                  | NFP Corp.                                                                             | CUSIP: 65342RAD2<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |     28700000 | PA      | $23656807.01  | 0.42%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Structured                                            | Castlelake Aircraft Securitization Trust                                              | CUSIP: 14856CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10846956 | PA      | $9507216.75   | 0.17%             | 2043-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -410000 | NC      | $-4738.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHECKERS HOLDINGS INC                                                     | Checkers Drive-In Restaurants, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3261671 | PA      | $2641953.56   | 0.05%             | 2024-04-25      | Variable      | 8.99%                 | No            |                  2 | On Loan: No      |
| DEUCE FINCO PLC                                                           | Deuce FinCo plc                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |      7350000 | PA      | $7068332.93   | 0.13%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -1500000 | NC      | $-10140.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      8500000 | NC      | $42090.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     -9000000 | NC      | $42822.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                           | U.S. Treasury Notes                                                                   | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     18300000 | PA      | $18285703.13  | 0.32%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | JP        |      6700000 | NC      | $-147777.43   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                     | Level 3 Financing, Inc.                                                               | CUSIP: 527298BQ5<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      2600000 | PA      | $2051752.01   | 0.04%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FT 1 INC                                                                  | Targus Inc                                                                            | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |        12773 | NS      | $123.64       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DIR              |  | US        |    164200000 | NC      | $611881.45    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange USD/CAD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    -20500000 | NC      | $-41092.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -3100000 | NC      | $-17290.72    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SITECORE HOLDING III A/S                                                  | Sitecore Holding III A/S                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |      3210419 | PA      | $3179682.96   | 0.06%             | 2026-03-12      | Variable      | 11.72%                | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -2290000 | NC      | $-18422.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      3600000 | NC      | $-24130.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                          | CIFC Funding 2017-II Ltd.                                                             | CUSIP: 12550YAU8<br>LEI: 2549005S1LQJ8MBPXW05 | Long             | ABS-O            | CORP              | KY        |      8100000 | PA      | $7206565.14   | 0.13%             | 2030-04-20      | Floating      | 7.34%                 | No            |                  2 | On Loan: No      |
| LMRK Issuer Co. LLC                                                       | Secured Tenant Site Contract Revenue Notes Series                                     | CUSIP: 50209LAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6507746 | PA      | $6431640.73   | 0.11%             | 2048-06-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -820000 | NC      | $1060.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                                         | Higginbotham Insurance Agency, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     12764735 | PA      | $12393280.75  | 0.22%             | 2026-11-25      | Variable      | 9.63%                 | No            |                  3 | On Loan: No      |
| Falcon Aerospace Ltd                                                      | Falcon Aerospace Ltd.                                                                 | CUSIP: 30610GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5766012 | PA      | $4668870.09   | 0.08%             | 2039-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| OCTAGON LOAN FUNDING LTD                                                  | Octagon Loan Funding Ltd.                                                             | CUSIP: 67590TAC5<br>LEI: 549300HJJWTCMWFILG24 | Long             | ABS-O            | CORP              | KY        |     19435737 | PA      | $5423056.52   | 0.10%             | 2031-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       950000 | NC      | $-4290.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCPR SR SECURED FIN DAC                                                   | LCPR Senior Secured Financing DAC                                                     | CUSIP: 50201DAD5<br>LEI: 549300LE5FM8IKMXSP90 | Long             | DBT              | CORP              | IE        |     16250000 | PA      | $13461632.60  | 0.24%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      4830000 | NC      | $-35610.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NCR CORP                                                                  | NCR Corp.                                                                             | CUSIP: 62886EAZ1<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |     11425000 | PA      | $9425625.00   | 0.17%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAB SELAS                                                                 | CAB SELAS                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | FR        |      4100000 | PA      | $3517560.24   | 0.06%             | 2028-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       720000 | NC      | $-1145.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AFTERNEXT HEALTHTECH ACQUI-A                                              | AfterNext HealthTech Acquisition Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       298533 | NS      | $22389.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WAMU Asset-Backed Certificates                                            | WaMu Asset-Backed Certificates WaMu Series                                            | CUSIP: 92926SAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18346336 | PA      | $6957658.98   | 0.12%             | 2037-04-25      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| EUROPEAN STABILITY MECHANISM                                              | European Stability Mechanism Treasury Bill                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | LU        |      5000000 | PA      | $5353004.18   | 0.09%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     11600000 | NC      | $33089.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    -15000000 | NC      | $-28855.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 761118VY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       213333 | PA      | $45197.46     | 0.00%             | 2046-02-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -590000 | NC      | $4767.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                             | TransDigm, Inc.                                                                       | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |       225000 | PA      | $228327.75    | 0.00%             | 2025-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Acropolis Infrastructure Acqui                                            | Acropolis Infrastructure Acquisition Corp.                                            | CUSIP: 005029103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       578278 | NS      | $5730734.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON INC                                                        | Kennedy-Wilson, Inc.                                                                  | CUSIP: 489399AN5<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |       250000 | PA      | $190625.00    | 0.00%             | 2030-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PGT INNOVATIONS INC                                                       | PGT Innovations, Inc.                                                                 | CUSIP: 69336VAB7<br>LEI: 549300LRW9WM59C1S579 | Long             | DBT              | CORP              | US        |      5240000 | PA      | $4387150.70   | 0.08%             | 2029-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -3500000 | NC      | $-23147.12    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Figs Inc                                                                  | Figs, Inc.                                                                            | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        55695 | NS      | $374827.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MERLIN BUYER INC                                                          | Merlin Buyer, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     11011363 | PA      | $10295624.00  | 0.18%             | 2028-12-14      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | 20-Year Interest Rate Swap                                                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DIR              |  | US        |     24141000 | NC      | $4340465.13   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange AUD/CAD                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     -4200000 | NC      | $-5317.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                                             | American Home Mortgage Assets Trust                                                   | CUSIP: 02660UAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5161946 | PA      | $3570140.45   | 0.06%             | 2046-10-25      | Floating      | 2.99%                 | No            |                  2 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                                         | Higginbotham Insurance Agency, Inc.                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |     -3490307 | PA      | $-101567.94   | -0.00%            | 2026-11-25      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4000000 | NC      | $26289.60     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -600000 | NC      | $-3645.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | 3-Month USD LIBOR                                                                     | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |   -180000000 | OU      | $27496636.20  | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                                            | Palmer Square Loan Funding Ltd.                                                       | CUSIP: 69702BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      8300000 | PA      | $7570599.32   | 0.13%             | 2029-07-20      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                                  | Liberty Mutual Group, Inc.                                                            | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |     36940000 | PA      | $22533400.00  | 0.40%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MANITOBA T-BILL                                                           | Province of Manitoba Canada T-Bill                                                    | CUSIP: 56347PEJ3<br>LEI: 5493003QILFOB3JRKE30 | Long             | DBT              | NUSS              | CA        |       381000 | PA      | $281132.99    | 0.00%             | 2023-01-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort                                            | LCCM Trust                                                                            | CUSIP: 50202KAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5750000 | PA      | $5343441.65   | 0.09%             | 2038-12-13      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | 3-Month CZK PRIBOR                                                                    | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |  -1100000000 | OU      | $-224225.31   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                    | CCO Holdings LLC / CCO Holdings Capital Corp.                                         | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14265000 | PA      | $10944535.95  | 0.19%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -1050000 | NC      | $-14565.62    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                          | Illuminate Buyer LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3237829 | PA      | $3095007.89   | 0.05%             | 2027-06-30      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      5987568 | NC      | $-53386.18    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                   | Zayo Group Holdings, Inc.                                                             | CUSIP: 98919VAA3<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |       700000 | PA      | $516999.00    | 0.01%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                          | CSC Holdings LLC                                                                      | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     20950000 | PA      | $14787138.50  | 0.26%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DYAL CAPITAL PARTNERS IV LP                                               | Dyal Capital Partners IV                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      3832500 | PA      | $2939949.08   | 0.05%             | 2041-02-22      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |      -310000 | NC      | $-2401.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                                                          | Marathon CLO V Ltd.                                                                   | CUSIP: 56576UAC3<br>LEI: 635400LRBGQZIPTCBI09 | Long             | ABS-O            | CORP              | KY        |      5500000 | PA      | $257400.00    | 0.00%             | 2027-11-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -810000 | NC      | $-8772.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BCPE EMPIRE HOLDINGS INC                                                  | BCPE Empire Holdings, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     16731000 | PA      | $16249983.75  | 0.29%             | 2026-06-11      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| BERKLEY (WR) CORPORATION                                                  | W R Berkley Corp.                                                                     | CUSIP: 084423870<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |       878365 | NS      | $15573411.45  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                                                  | Cerberus Loan Funding XXX, LP                                                         | CUSIP: 15674JAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     14500000 | PA      | $13975216.00  | 0.25%             | 2033-01-15      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange AUD/JPY                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     -4500000 | NC      | $-15193.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                                                  | Performance Food Group, Inc.                                                          | CUSIP: 71376LAD2<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |       304000 | PA      | $304000.00    | 0.01%             | 2025-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |    664200000 | OU      | $-27857776.77 | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec JPY / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | JP        |    -11000000 | NC      | $149109.51    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MATTERHORN BUYER LLC                                                      | Hearthside Group Holdings LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4975263 | PA      | $4410222.22   | 0.08%             | 2025-05-23      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| LoanCore 2022-CRE7 Issuer Ltd.                                            | LoanCore Issuer Ltd.                                                                  | CUSIP: 53946PAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      6400000 | PA      | $6156748.16   | 0.11%             | 2037-01-17      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| LEGENDS HOSPITALITY HOLD                                                  | Legends Hospitality Holding Company LLC / Legends Hospitality Co-Issuer, Inc.         | CUSIP: 52473NAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2775000 | PA      | $2469750.00   | 0.04%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |      3890000 | NC      | $34993.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO INC                                                       | Sirius XM Radio, Inc.                                                                 | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |      8900000 | PA      | $7344369.00   | 0.13%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |    -23700000 | OU      | $3288979.35   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange EUR/USD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |      3750000 | NC      | $30776.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DURAN GROUP HOLDING GMBH                                                  | Duran Group Holding GMBH                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |        81858 | PA      | $83179.89     | 0.00%             | 2024-12-20      | Variable      | 6.34%                 | No            |                  3 | On Loan: No      |
| XPLORNET COMMUNICATIONS INC                                               | Xplornet Communications, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |     25110907 | PA      | $19419017.51  | 0.34%             | 2028-10-02      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING III A/S                                                  | Sitecore Holding III A/S                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |      3928877 | PA      | $4167572.82   | 0.07%             | 2026-03-12      | Variable      | 9.02%                 | No            |                  3 | On Loan: No      |
| DENALI CAPITAL CLO XI LTD                                                 | Denali Capital CLO XI Ltd.                                                            | CUSIP: 24823DAW6<br>LEI: 254900ENG873HFQYVK56 | Long             | ABS-O            | CORP              | KY        |      2500000 | PA      | $2450665.00   | 0.04%             | 2028-10-20      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                                                  | British Telecommunications plc                                                        | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |     28200000 | PA      | $22184747.96  | 0.39%             | 2081-11-23      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                                            | Palmer Square Loan Funding Ltd.                                                       | CUSIP: 69701CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     26200000 | PA      | $24821644.20  | 0.44%             | 2030-04-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      6975000 | OU      | $-1236795.21  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NZD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      4300000 | NC      | $2155.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                                  | New Enterprise Stone & Lime Company, Inc.                                             | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |      5350000 | PA      | $4943077.07   | 0.09%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                   | Goldman Sachs Group, Inc.                                                             | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     20500000 | NS      | $17064268.88  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                                | Morgan Stanley ABS Capital I Incorporated Trust                                       | CUSIP: 61750FAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4356535 | PA      | $1632254.36   | 0.03%             | 2036-09-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | 20-Year Interest Rate Swap                                                            | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DIR              |  | GB        |     18750000 | NC      | $6694955.43   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -2620000 | NC      | $-36399.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    -52760000 | NC      | $-55706.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                                   | Alcoa Nederland Holding BV                                                            | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |      4900000 | PA      | $4347077.39   | 0.08%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BLUE RIBBON LLC (USA)                                                     | Blue Ribbon LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     16914872 | PA      | $12538148.72  | 0.22%             | 2028-05-08      | Variable      | 10.12%                | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/SEK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4000000 | NC      | $23788.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Thunderbird A Unfunded                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     21742039 | PA      | $0.22         | 0.00%             | 2037-03-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-1 AA PTT                                                  | American Airlines Class AA Pass Through Trust                                         | CUSIP: 023761AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1087418 | PA      | $967537.12    | 0.02%             | 2029-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GIBSON BRANDS INC                                                         | Gibson Brands, Inc.                                                                   | CUSIP: N/A<br>LEI: 549300KU4ACNZQGB7J14       | Long             | LON              | CORP              | US        |      8237750 | PA      | $6013557.50   | 0.11%             | 2028-08-11      | Variable      | 9.13%                 | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      2120000 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MARKEL CORP                                                               | Markel Corp.                                                                          | CUSIP: 570535AW4<br>LEI: 549300SCNO12JLWIK605 | Long             | EP               | CORP              | US        |     32370000 | NS      | $31317975.00  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                                  | New Enterprise Stone & Lime Company, Inc.                                             | CUSIP: 644274AH5<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     10989000 | PA      | $9757910.35   | 0.17%             | 2028-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                                           | U.S. Treasury Notes                                                                   | CUSIP: 91282CFQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     23000000 | PA      | $22934414.12  | 0.41%             | 2024-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      -950000 | NC      | $6493.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-1 AA PTT                                                  | United Airlines Class AA Pass Through Trust                                           | CUSIP: 90931CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1005170 | PA      | $889076.69    | 0.02%             | 2031-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -410000 | NC      | $-3143.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-1 AA PTT                                                  | American Airlines Class AA Pass Through Trust                                         | CUSIP: 02376UAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2326734 | PA      | $2076911.71   | 0.04%             | 2028-01-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange NZD/USD                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |    -31000000 | NC      | $-285414.40   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | 1D Euro Short Term Rate                                                               | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      6017000 | OU      | $-531825.27   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GreenPoint Mortgage Funding Tr                                            | GreenPoint Mortgage Funding Trust                                                     | CUSIP: 39539KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |            1 | PA      | $0.60         | 0.00%             | 2047-02-25      | Floating      | 4.55%                 | No            |                  3 | On Loan: No      |
| MAPS LTD                                                                  | MAPS Ltd.                                                                             | CUSIP: 56564RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |      4371326 | PA      | $3901779.49   | 0.07%             | 2043-05-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Thunderbird B                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      2626601 | PA      | $2521537.24   | 0.04%             | 2037-03-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| CD&R SMOKEY BUYER INC                                                     | CD&R Smokey Buyer, Inc.                                                               | CUSIP: 12510CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       950000 | PA      | $815214.00    | 0.01%             | 2025-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATKORE INC                                                                | Atkore, Inc.                                                                          | CUSIP: 047649AA6<br>LEI: 52990002TI38AM4RPV48 | Long             | DBT              | CORP              | US        |      6875000 | PA      | $5895312.50   | 0.10%             | 2031-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HARSCO CORP                                                               | Harsco Corp.                                                                          | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |      4075000 | PA      | $3217483.77   | 0.06%             | 2027-07-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVICES CORP                                          | Mavis Tire Express Services TopCo Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      9864434 | PA      | $9392322.54   | 0.17%             | 2028-05-04      | Variable      | 8.50%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                                            | Alternative Loan Trust                                                                | CUSIP: 126680AA5<br>LEI: 549300QTQ6MX6ER06N64 | Long             | ABS-MBS          | CORP              | US        |      6459829 | PA      | $5407040.25   | 0.10%             | 2047-05-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Copper River CLO Ltd                                                      | Copper River CLO Ltd.                                                                 | CUSIP: 217563AC9<br>LEI: 5493005HHHXVM8NBWY47 | Long             | ABS-O            | CORP              | KY        |      8150000 | PA      | $3188.61      | 0.00%             | 2021-01-20      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| HOME POINT CAPITAL INC                                                    | Home Point Capital, Inc.                                                              | CUSIP: 43734LAA4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |     11576000 | PA      | $8004690.44   | 0.14%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC                                                    | Match Group Holdings II LLC                                                           | CUSIP: 57665RAN6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |      7700000 | PA      | $6864242.00   | 0.12%             | 2028-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GLOVES BUYER INC                                                          | Protective Industrial Products, Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3230149 | PA      | $2939436.01   | 0.05%             | 2027-12-29      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| PAR PHARMACEUTICAL INC                                                    | Par Pharmaceutical, Inc.                                                              | CUSIP: 69888XAA7<br>LEI: 549300KK5WR4MGN4YT97 | Long             | DBT              | CORP              | US        |      1825000 | PA      | $1386953.75   | 0.02%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PPP INTERMEDIATE HOLDINGS LLC                                             | Permian Production Partners LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       573522 | NS      | $470288.04    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| ALTICE FRANCE SA                                                          | Altice France S.A.                                                                    | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     13250000 | PA      | $9934097.27   | 0.18%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                                                  | SLM Corp.                                                                             | CUSIP: 78442PGE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8857000 | PA      | $7532433.97   | 0.13%             | 2026-11-02      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                                                 | Qorvo, Inc.                                                                           | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |      9225000 | PA      | $7411724.78   | 0.13%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC                                                       | TreeHouse Foods, Inc.                                                                 | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |      7575000 | PA      | $6438750.00   | 0.11%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ADEVINTA ASA                                                              | Adevinta ASA                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NO        |      2123333 | PA      | $2209362.78   | 0.04%             | 2028-06-26      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                                                | Atlas Senior Loan Fund IX Ltd.                                                        | CUSIP: 04941WAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9600000 | PA      | $473664.00    | 0.01%             | 2028-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                       | Kinetik Holdings, LP                                                                  | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |      6100000 | PA      | $5720476.30   | 0.10%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                      | WR Grace Holdings LLC                                                                 | CUSIP: 92943GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7906000 | PA      | $7005743.78   | 0.12%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENERSYS                                                                   | EnerSys                                                                               | CUSIP: 29275YAB8<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |      1900000 | PA      | $1892286.00   | 0.03%             | 2023-04-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| API HEAT TRANSFER THERMASYS CORP                                          | API Heat Transfer                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1380520 | PA      | $704065.01    | 0.01%             | 2024-01-01      | Variable      | 7.34%                 | No            |                  3 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      -830000 | NC      | $-5204.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Company, Inc.             | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15975000 | PA      | $13518604.13  | 0.24%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                                                         | Waste Pro USA, Inc.                                                                   | CUSIP: 94107JAA1<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |       600000 | PA      | $529860.00    | 0.01%             | 2026-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      1920000 | NC      | $19796.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BACH FINANCE LTD                                                          | Fugue Finance BV                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | NL        |      9279690 | PA      | $9590768.71   | 0.17%             | 2024-08-30      | Variable      | 5.20%                 | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO                                             | ABPCI Direct Lending Fund CLO I LLC                                                   | CUSIP: 00086ABC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      5550000 | PA      | $5039699.15   | 0.09%             | 2033-07-20      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                                     | McGraw-Hill Education, Inc.                                                           | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |      4550000 | PA      | $3823683.50   | 0.07%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                | Arcosa, Inc.                                                                          | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |      9400000 | PA      | $8151497.73   | 0.14%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                                       | Hotwire Funding LLC                                                                   | CUSIP: 44148JAC3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |     11750000 | PA      | $9579239.20   | 0.17%             | 2051-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| ONEAMERICA FINL PARTNERS                                                  | OneAmerica Financial Partners, Inc.                                                   | CUSIP: 682441AB6<br>LEI: 5493009S1SVD6UNUDB08 | Long             | DBT              | CORP              | US        |     11550000 | PA      | $8218203.03   | 0.15%             | 2050-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                                  | Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.           | CUSIP: 864486AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       660000 | PA      | $627132.58    | 0.01%             | 2027-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | RLDatix                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       912001 | PA      | $893305.26    | 0.02%             | 2026-04-27      | Variable      | 12.20%                | No            |                  3 | On Loan: No      |
| Western Asset Institutional U.S. Treasury Reserves - Institutional Shares | Western Asset Institutional U.S. Treasury Reserves - Institutional Shares             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |      7447179 | NS      | $7447178.54   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN BRAND INTELLECT                                                  | Hawaiian Brand Intellectual Property Ltd. / HawaiianMiles Loyalty Ltd.                | CUSIP: 41984LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      6495000 | PA      | $5877975.00   | 0.10%             | 2026-01-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO                                             | ABPCI Direct Lending Fund IX LLC                                                      | CUSIP: 000806AN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     11550000 | PA      | $10668728.07  | 0.19%             | 2031-11-18      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investo                                            | Merrill Lynch Mortgage Investors Trust Series 2007-HE2                                | CUSIP: 59024LAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4074086 | PA      | $1214309.96   | 0.02%             | 2037-02-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                                                         | Eagle Parent Corp.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3176000 | PA      | $3112480.00   | 0.06%             | 2029-04-02      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| EQT VII NO1 LP                                                            | Sitecore USA, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4104291 | PA      | $4064997.52   | 0.07%             | 2026-03-12      | Variable      | 11.72%                | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     11000000 | NC      | $4754.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                                                     | BofA Securities, Inc.                                                                 | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |     -6121351 | PA      | $-6121350.60  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -1070000 | NC      | $-10359.37    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       770000 | NC      | $3994.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOURVEST STRUCTURED SOLUTIONS IV HOLDINGS LP                           | HarbourVest Structured Solutions IV Holdings, LP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     23234292 | PA      | $23241494.43  | 0.41%             | 2026-09-15      | Variable      | 6.12%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      1050000 | NC      | $-6280.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -7560000 | NC      | $-73731.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CLEARWATER PAPER CORP                                                     | Clearwater Paper Corp.                                                                | CUSIP: 18538RAJ2<br>LEI: 549300HCVV19GXN4P292 | Long             | DBT              | CORP              | US        |      5539000 | PA      | $4866985.70   | 0.09%             | 2028-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERSHING SQUARE TONTINE HOLDINGS LTD                                      | Pershing Square Tontine Holdings, Ltd. - Class A                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      6864930 | NS      | $686.49       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PACTIV EVERGREEN GROUP                                                    | Pactiv Evergreen Group Issuer Incorporated/Pactiv Evergreen Group Issuer LLC          | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8436000 | PA      | $7483578.81   | 0.13%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                  | Occidental Petroleum Corp.                                                            | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     12735000 | PA      | $13810470.75  | 0.24%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                                             | Parkland Corp.                                                                        | CUSIP: 70137WAL2<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |     20000000 | PA      | $16550000.00  | 0.29%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NIDDA MIDCO SARL                                                          | Nidda Healthcare Holding GmbH                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |      7897239 | PA      | $7717929.40   | 0.14%             | 2026-08-21      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec CAD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |      2201549 | NC      | $12925.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSCENDIA HOLDINGS INC                                                  | Transcendia Holdings, Inc.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       557598 | PA      | $401470.41    | 0.01%             | 2024-05-30      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                                          | VB-S1 Issuer LLC - VBTEL                                                              | CUSIP: 91823ABA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39650000 | PA      | $32929428.09  | 0.58%             | 2052-02-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| BIFM CA BUYER INC                                                         | BGIS (BIFM CA Buyer, Inc.)                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |      6721725 | PA      | $6402442.73   | 0.11%             | 2026-06-01      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| TSG ENTERTAINMENT FINANCE LLC TSGE_17-1                                   | TSGE                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     42342819 | PA      | $39171764.93  | 0.69%             | 2031-09-25      | Fixed         | 6.25%                 | No            |                  3 | On Loan: No      |
| Taco Bell Funding, LLC                                                    | Taco Bell Funding LLC                                                                 | CUSIP: 87342RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2669625 | PA      | $2560608.19   | 0.05%             | 2046-05-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| BCP V MODULAR SERVICES FINANCE PLC                                        | BCP V Modular Services Finance II plc                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |      9000000 | PA      | $8048623.75   | 0.14%             | 2028-10-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Nassau 2019 CFO LLC                                                       | Nassau LLC                                                                            | CUSIP: 63172DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12499190 | PA      | $11889535.89  | 0.21%             | 2034-08-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -380000 | NC      | $-4374.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROMULUS INTERMEDIATE HOLDINGS 2 INC                                       | Pearl Intermediate Parent LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6368354 | PA      | $5967466.52   | 0.11%             | 2025-02-14      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                                                    | Brundage-Bone Concrete Pumping Holdings, Inc.                                         | CUSIP: 66981QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       525000 | PA      | $478614.13    | 0.01%             | 2026-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                                           | HGI CRE CLO Ltd.                                                                      | CUSIP: 40390JAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      1200000 | PA      | $1100330.28   | 0.02%             | 2036-09-17      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                                                      | TGP Holdings LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |       -13106 | PA      | $-2686.68     | -0.00%            | 2028-06-29      | Variable      | 3.25%                 | No            |                  3 | On Loan: No      |
| NEW BRUNSWICK T-BILL                                                      | Province of New Brunswick Canada T-Bill                                               | CUSIP: 6426Z8BY0<br>LEI: 549300POZA55ZTGSOU44 | Long             | DBT              | NUSS              | CA        |     13000000 | PA      | $9565283.88   | 0.17%             | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     -5170000 | NC      | $-22305.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange USD/SEK                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     12100000 | NC      | $121291.37    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                                            | Castlelake Aircraft Securitization Trust                                              | CUSIP: 14855JAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1541091 | PA      | $1341572.64   | 0.02%             | 2041-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SCHUR FLEXIBLES GMBH                                                      | Schur Flexibles GmbH                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |       404966 | PA      | $418541.78    | 0.01%             | 2026-09-30      | Fixed         | 12.20%                | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NZD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      3290000 | NC      | $12829.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investo                                            | Merrill Lynch Mortgage Investors Trust Series 2007-HE2                                | CUSIP: 59024LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7078715 | PA      | $2110369.59   | 0.04%             | 2037-02-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FINASTRA GROUP HOLDINGS LTD                                               | Misys Ltd.                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2365595 | PA      | $2086644.03   | 0.04%             | 2024-06-13      | Variable      | 6.87%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     12060000 | NC      | $32161.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GREENWAY HEALTH LLC (DELAWARE)                                            | Greenway Health LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3427708 | PA      | $2310275.06   | 0.04%             | 2024-02-16      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                                                   | Standard Industries, Inc.                                                             | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |      6552000 | PA      | $4930401.62   | 0.09%             | 2031-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       720000 | NC      | $1862.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -250000 | NC      | $-1090.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 54251RAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4324070 | PA      | $1739722.66   | 0.03%             | 2036-07-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                                            | JP Morgan Mortgage Acquisition Trust                                                  | CUSIP: 46629VAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5344977 | PA      | $4603022.81   | 0.08%             | 2036-11-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| NCR CORP                                                                  | NCR Corp.                                                                             | CUSIP: 62886EAV0<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |        25000 | PA      | $23376.38     | 0.00%             | 2029-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |     -2050000 | NC      | $-9157.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WILTON RE FINANCE LLC                                                     | Wilton Re Finance LLC                                                                 | CUSIP: 97263BAA1<br>LEI: 54930013IJH3HK0K5051 | Long             | DBT              | CORP              | US        |     11815000 | PA      | $11690915.44  | 0.21%             | 2033-03-30      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                 | Block, Inc.                                                                           | CUSIP: 852234AJ2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     12240000 | PA      | $9908280.00   | 0.18%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      -480000 | NC      | $-3948.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN EQUITY INVESTME                                                  | American Equity Investment Life Holding Co.                                           | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |      4813000 | PA      | $4557405.25   | 0.08%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENEO HOLDINGS LLC                                                        | Teneo Holdings LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6300542 | PA      | $6048520.48   | 0.11%             | 2025-07-11      | Variable      | 9.67%                 | No            |                  2 | On Loan: No      |
| VALCOUR PACKAGING LLC                                                     | Valcour Packaging LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6268500 | PA      | $5140170.00   | 0.09%             | 2028-10-04      | Variable      | 7.98%                 | No            |                  3 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                                   | Midwest Connector Capital Company LLC                                                 | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18763000 | PA      | $16950406.95  | 0.30%             | 2029-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                                                       | MidOcean Credit CLO VII                                                               | CUSIP: 59801WAT3<br>LEI: 5493004MLF21SFT7F415 | Long             | ABS-O            | CORP              | KY        |     21000000 | PA      | $19746972.00  | 0.35%             | 2029-07-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| GINKGO BIOWORKS HOLDINGS INC                                              | Ginkgo Bioworks Holdings, Inc.                                                        | CUSIP: 37611X118<br>LEI: N/A                  | N/A              | DE               |  | US        |       128004 | NS      | $25600.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -381000 | NC      | $-1662.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Guggenheim Partners Investment Management LLC                             | Guggenheim Ultra Short Duration Fund - Institutional Class                            | CUSIP: 40169J523<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4802939 | NS      | $46300334.41  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                                                  | Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.           | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11350000 | PA      | $9647301.49   | 0.17%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QUEBEC T-BILL                                                             | Quebec T-Bill                                                                         | CUSIP: 09852UA60<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | NUSS              | CA        |       670000 | PA      | $494593.70    | 0.01%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange EUR/USD                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     10750000 | NC      | $41894.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PERSHING SQUARE HOLDINGS                                                  | Pershing Square Holdings Ltd.                                                         | CUSIP: 71531QAD3<br>LEI: U7LC4KOKCTZ0YWGI2G56 | Long             | DBT              | CORP              | GG        |     13500000 | PA      | $10510695.00  | 0.19%             | 2030-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.                                             | Anchorage Credit Funding 4 Ltd.                                                       | CUSIP: 03329TAL8<br>LEI: 549300VR9XUOV1E0U888 | Long             | ABS-O            | CORP              | KY        |      4250000 | PA      | $3431380.30   | 0.06%             | 2039-04-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |      1520000 | NC      | $13822.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| API HEAT TRANSFER PARENT LLC                                              | API Heat Transfer Intermediate                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |          218 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ALTICE FRANCE SA                                                          | Altice France S.A.                                                                    | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     11760000 | PA      | $8967352.80   | 0.16%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      4750000 | NC      | $12458.24     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -210000 | NC      | $-1963.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -50000000 | NC      | $15754.40     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -2920000 | NC      | $-19042.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                                                  | Hilton Domestic Operating Company, Inc.                                               | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     15900000 | PA      | $13302417.00  | 0.24%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NAVACORD CORP                                                             | Jones Deslauriers Insurance Management, Inc.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |      5254684 | PA      | $3610399.34   | 0.06%             | 2028-03-27      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| AVALARA INC                                                               | Avalara, Inc.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     16000000 | PA      | $15775328.42  | 0.28%             | 2028-10-19      | Variable      | 11.83%                | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -1300000 | NC      | $2819.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange AUD/JPY                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |    -29000000 | NC      | $-439327.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AfterNext HealthTech Acquisiti                                            | AfterNext HealthTech Acquisition Corp.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       895600 | NS      | $8973912.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SMITHFIELD FOODS INC                                                      | Smithfield Foods, Inc.                                                                | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |      7000000 | PA      | $5329751.14   | 0.09%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |       780000 | NC      | $3068.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXUS BUYER LLC                                                           | Nexus Buyer LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1024005 | PA      | $979020.29    | 0.02%             | 2026-11-09      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                                    | Mauser Packaging Solutions Holding Co.                                                | CUSIP: 12429TAD6<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |       800000 | PA      | $777877.73    | 0.01%             | 2024-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                                                    | Argent Securities Trust                                                               | CUSIP: 04012XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9198215 | PA      | $6042394.64   | 0.11%             | 2036-06-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     17670000 | NC      | $139500.90    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                             | Citigroup Mortgage Loan Trust                                                         | CUSIP: 17330VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4950875 | PA      | $4838746.90   | 0.09%             | 2062-09-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| FLIGHT BIDCO INC                                                          | Flight Bidco, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1000000 | PA      | $903330.00    | 0.02%             | 2026-07-23      | Variable      | 11.88%                | No            |                  2 | On Loan: No      |
| US FOODS INC                                                              | US Foods, Inc.                                                                        | CUSIP: 90290MAC5<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      4203000 | PA      | $4159007.54   | 0.07%             | 2025-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                                   | Alcoa Nederland Holding BV                                                            | CUSIP: 013822AE1<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |     15125000 | PA      | $14575368.84  | 0.26%             | 2027-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                | DaVita, Inc.                                                                          | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      5928000 | PA      | $4424362.80   | 0.08%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       535000 | NC      | $4201.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| YAK HOLDING III LLC                                                       | YAK MAT (YAK ACCESS LLC)                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     12220199 | PA      | $1283120.90   | 0.02%             | 2026-07-10      | Variable      | 13.64%                | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION                                                     | Flowserve Corp.                                                                       | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |     10270000 | PA      | $8560657.81   | 0.15%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OPTION CARE HEALTH INC                                                    | Option Care Health, Inc.                                                              | CUSIP: 68404LAA0<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | DBT              | CORP              | US        |      7736000 | PA      | $6766756.56   | 0.12%             | 2029-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VERTICAL TOPCO SARL                                                       | TK Elevator Midco GmbH                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |      4615721 | PA      | $4599369.02   | 0.08%             | 2027-01-29      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                 | Boeing Co.                                                                            | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     16010000 | PA      | $14844085.36  | 0.26%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BP HOLDCO LLC                                                             | BP Holdco LLC                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        37539 | NS      | $22763.27     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ASCEND PERFORMANCE MATERIALS HOLDINGS INC                                 | Ascend Performance Materials Operations LLC                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1481704 | PA      | $1391690.82   | 0.02%             | 2026-08-27      | Variable      | 8.83%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                                                  | Jones Deslauriers Insurance Management, Inc.                                          | CUSIP: 48020RAA3<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |      1700000 | PA      | $1674251.92   | 0.03%             | 2030-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Asset Backed Securities Corp H                                            | Asset-Backed Securities Corporation Home Equity Loan Trust                            | CUSIP: 04544PAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       149858 | PA      | $147040.93    | 0.00%             | 2036-07-25      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd                                                   | OHA Credit Partners IX Ltd.                                                           | CUSIP: 67105VAQ7<br>LEI: 549300WS1N2FZ02EYH25 | Long             | ABS-O            | CORP              | KY        |      4219178 | PA      | $4598.90      | 0.00%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                  | HAH Group Holding Co. LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7940000 | PA      | $7552925.00   | 0.13%             | 2027-10-29      | Variable      | 9.43%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE6 Issuer, Ltd                                            | LoanCore Issuer Ltd.                                                                  | CUSIP: 53948HAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     11300000 | PA      | $10260694.93  | 0.18%             | 2038-11-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                         | Iron Mountain, Inc.                                                                   | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     25025000 | PA      | $21687068.65  | 0.38%             | 2032-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                          | Altria Group, Inc.                                                                    | CUSIP: 02209SBK8<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |      1670000 | PA      | $1182517.20   | 0.02%             | 2050-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ONEX CORPORATION                                                          | Save-A-Lot                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        22703 | NS      | $7560.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PLATINUM SECURITIES KY                                                    | Platinum for Belize Blue Investment Company LLC                                       | CUSIP: 727665AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      1900000 | PA      | $1595202.00   | 0.03%             | 2040-10-20      | Variable      | 2.10%                 | No            |                  3 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      -560000 | NC      | $-1745.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -550000 | NC      | $-4802.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC BELLS LLC                                                         | Pacific Bells LLC                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     18649585 | PA      | $17468506.65  | 0.31%             | 2028-11-10      | Variable      | 9.34%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                        | Kennedy-Wilson, Inc.                                                                  | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |     16825000 | PA      | $12664895.93  | 0.22%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -2020000 | NC      | $-18297.63    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN VETERINARY COMPANY LLC                                           | Southern Veterinary Partners LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     13166611 | PA      | $12585041.98  | 0.22%             | 2027-10-05      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |       220000 | NC      | $1312.59      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | CDX.NA.IG.33.V1                                                                       | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DCR              |  | US        |     70000000 | OU      | $487832.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DIR              |  | DE        |     92814000 | NC      | $2761171.95   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CELTIC INTERMEDIATE CORP                                                  | National Mentor Holdings, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     20876663 | PA      | $14532454.20  | 0.26%             | 2028-03-02      | Variable      | 8.33%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                                          | ITT Holdings LLC                                                                      | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |     38952000 | PA      | $32803037.28  | 0.58%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                              | Voya CLO Ltd.                                                                         | CUSIP: 92915UAQ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     16500000 | PA      | $14655836.25  | 0.26%             | 2030-06-07      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange EUR/USD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |      3750000 | NC      | $29306.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NZD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      5430000 | NC      | $14261.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                                             | TopBuild Corp.                                                                        | CUSIP: 89055FAB9<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |      5550000 | PA      | $4550471.97   | 0.08%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                   | Dryden 41 Senior Loan Fund                                                            | CUSIP: 26244LAA2<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-O            | CORP              | KY        |     11700000 | PA      | $2705800.50   | 0.05%             | 2031-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       800000 | NC      | $4095.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1100000 | NC      | $2310.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Whale Acquisition Corp I                                             | Blue Whale Acquisition Corporation I                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       477700 | NS      | $4676683.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC                                    | Integrated Power Services Holdings, Inc.                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3476741 | PA      | $3355055.01   | 0.06%             | 2028-11-22      | Variable      | 8.88%                 | No            |                  3 | On Loan: No      |
| MONROE CAPITAL CLO LTD                                                    | Monroe Capital CLO Ltd.                                                               | CUSIP: 610333AY2<br>LEI: 549300P18F17MYF55L44 | Long             | ABS-O            | CORP              | KY        |      1453597 | PA      | $1434691.18   | 0.03%             | 2026-10-22      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | Foreign Exchange CAD/JPY                                                              | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3750000 | NC      | $-1114.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL GARDEN & PET CO                                                   | Central Garden & Pet Co.                                                              | CUSIP: 153527AP1<br>LEI: 5493004DVZLD37DJ0H83 | Long             | DBT              | CORP              | US        |      5300000 | PA      | $4387472.50   | 0.08%             | 2031-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                                            | JP Morgan Mortgage Acquisition Trust                                                  | CUSIP: 46630BAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7472903 | PA      | $4006598.17   | 0.07%             | 2036-12-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                  | BX Commercial Mortgage Trust                                                          | CUSIP: 05609VAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19750000 | PA      | $18366875.90  | 0.33%             | 2036-09-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| RADIATE HOLDCO / FINANCE                                                  | Radiate Holdco LLC / Radiate Finance, Inc.                                            | CUSIP: 75026JAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7054000 | PA      | $5182573.80   | 0.09%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                     | Level 3 Financing, Inc.                                                               | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     21627000 | PA      | $17035587.90  | 0.30%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     -3112449 | NC      | $-2665.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IXIS Real Estate Capital Trust                                            | IXIS Real Estate Capital Trust                                                        | CUSIP: 45073DAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17118817 | PA      | $4326260.63   | 0.08%             | 2037-05-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | Wells Fargo & Co.                                                                     | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     25750000 | NS      | $22538073.75  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                                                  | Neuberger Berman Loan Advisers CLO 40 Ltd.                                            | CUSIP: 64134JAG8<br>LEI: 549300Y2YE54ON4DJE28 | Long             | ABS-O            | CORP              | KY        |      4050000 | PA      | $3741607.49   | 0.07%             | 2033-04-16      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       630000 | NC      | $7156.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd                                            | LoanCore Issuer Ltd.                                                                  | CUSIP: 53946CAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20500000 | PA      | $19658895.25  | 0.35%             | 2035-07-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                                                  | Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp. | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12632000 | PA      | $12732524.57  | 0.23%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PLATINUM EQUITIES LLC                                                     | Pelican Products, Inc.                                                                | CUSIP: N/A<br>LEI: 5493008CRWH2WFODTF44       | Long             | LON              | CORP              | US        |      6325908 | PA      | $5630057.74   | 0.10%             | 2028-12-29      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| QBE INSURANCE GROUP LTD                                                   | QBE Insurance Group Ltd.                                                              | CUSIP: 74728GAE0<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |      7550000 | PA      | $7117220.26   | 0.13%             | N/A             | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| TLWND 2019-1                                                              | GAIA Aviation Ltd.                                                                    | CUSIP: 87404LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6913328 | PA      | $5719027.05   | 0.10%             | 2044-12-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |      4640000 | NC      | $47785.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -490000 | NC      | $-2899.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AIR 20-1 A PPT                                                    | British Airways Class A Pass Through Trust                                            | CUSIP: 11044MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7839386 | PA      | $7012609.45   | 0.12%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                   | Goldman Sachs & Co. LLC                                                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |    -24591616 | PA      | $-24591615.70 | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE GLOBAL MARKET STRATEGIES CGMS_13-3A                               | Carlyle Global Market Strategies CLO Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      4938326 | PA      | $594771.98    | 0.01%             | 2030-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                          | DT Midstream, Inc.                                                                    | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5250000 | PA      | $4510327.50   | 0.08%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     11250000 | NC      | $35300.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      3880000 | NC      | $24489.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley IXIS Real Estat                                            | Morgan Stanley IXIS Real Estate Capital Trust                                         | CUSIP: 617463AD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21870668 | PA      | $7479882.33   | 0.13%             | 2036-11-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                                                 | Anchorage Capital CLO 6 Ltd.                                                          | CUSIP: 03328QBG5<br>LEI: 54930064GO7DB3TVDY21 | Long             | ABS-O            | CORP              | KY        |     17350000 | PA      | $16399763.06  | 0.29%             | 2030-07-15      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3750000 | NC      | $-24271.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TEMPUR SEALY INTL INC                                                     | Tempur Sealy International, Inc.                                                      | CUSIP: 88023UAJ0<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |       375000 | PA      | $294384.38    | 0.01%             | 2031-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                            | WaMu Asset-Backed Certificates WaMu Series                                            | CUSIP: 93363XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2044442 | PA      | $1236705.05   | 0.02%             | 2047-07-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS                                                  | Wyndham Hotels & Resorts, Inc.                                                        | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |       700000 | PA      | $628040.00    | 0.01%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Finance of America HECM Buyout                                            | Finance of America HECM Buyout                                                        | CUSIP: 317380AD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3850000 | PA      | $3721078.52   | 0.07%             | 2026-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |    -30000000 | NC      | $-157693.33   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                                                  | Terraform Global Operating, LP                                                        | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |      8285000 | PA      | $7767187.50   | 0.14%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CD&R FIREFLY 4 LTD                                                        | CD&R Firefly Bidco Ltd.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      3350000 | PA      | $3694314.56   | 0.07%             | 2025-06-23      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| PETIQ INC                                                                 | PetIQ LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     14282756 | PA      | $12854480.04  | 0.23%             | 2028-04-13      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE                                                      | Michaels Companies, Inc.                                                              | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |      3114000 | PA      | $2505308.51   | 0.04%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MEDICAL SOLUTIONS PARENT HOLDINGS INC                                     | Medical Solutions Parent Holdings, Inc.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2257335 | PA      | $2110133.98   | 0.04%             | 2028-11-01      | Variable      | 7.88%                 | No            |                  2 | On Loan: No      |
| GALLS                                                                     | Galls LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       104374 | PA      | $101764.47    | 0.00%             | 2025-01-31      | Variable      | 11.16%                | No            |                  3 | On Loan: No      |
| Carlyle Global Market Strategi                                            | Carlyle Global Market Strategies CLO Ltd.                                             | CUSIP: 14309WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      6400000 | PA      | $1912960.00   | 0.03%             | 2032-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAPPHIRE AVIATION FINANCE I LI                                            | Sapphire Aviation Finance I Ltd.                                                      | CUSIP: 80306AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     16680883 | PA      | $12928184.65  | 0.23%             | 2040-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| 24-7 INTOUCH INC                                                          | 24-7 Intouch, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |      2215481 | PA      | $2043781.50   | 0.04%             | 2025-08-25      | Variable      | 9.13%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -7560000 | NC      | $-37269.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -2449062 | NC      | $17919.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                             | Citigroup Mortgage Loan Trust, Inc.                                                   | CUSIP: 17312EAD8<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |     10116003 | PA      | $8307092.56   | 0.15%             | 2037-03-25      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      -250000 | NC      | $503.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     45125782 | NC      | $-28450.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RXR ACQUISITION CORP- CL A                                                | RXR Acquisition Corp.                                                                 | CUSIP: 74981W115<br>LEI: N/A                  | N/A              | DE               |  | US        |       217453 | NS      | $326.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PERATON HOLDING CORP                                                      | Peraton Corp.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7895247 | PA      | $7696207.75   | 0.14%             | 2028-02-01      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| Eaton Vance Ltd Duration Incom                                            | Eaton Vance Limited Duration Income Fund                                              | CUSIP: 27828H105<br>LEI: NZ7KR43H6Z5W1GY0QX46 | Long             | EC               | RF                | US        |       286492 | NS      | $2690159.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMWINS GROUP INC                                                          | AmWINS Group, Inc.                                                                    | CUSIP: 031921AB5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |      4065000 | PA      | $3447716.50   | 0.06%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Security Investors LLC                                                    | Guggenheim Risk Managed Real Estate Fund - Institutional Class                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | US        |      1931465 | NS      | $56997536.49  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAFTECH INTERNATIONAL LTD.                                               | GrafTech Finance, Inc.                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3379917 | PA      | $3337668.00   | 0.06%             | 2025-02-12      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 761118VZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5947913 | PA      | $1294543.12   | 0.02%             | 2046-02-25      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQ  / KIK CUSTOM                                                  | Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.                         | CUSIP: 50106GAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2991000 | PA      | $2460097.50   | 0.04%             | 2027-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |       310000 | NC      | $2669.08      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                                            | Golub Capital Partners CLO 16 Ltd.                                                    | CUSIP: 38178EAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9300000 | PA      | $8513712.90   | 0.15%             | 2033-07-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     64384973 | NC      | $50406.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WMG ACQUISITION CORP                                                      | WMG Acquisition Corp.                                                                 | CUSIP: 92933BAR5<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |       851000 | PA      | $680025.59    | 0.01%             | 2031-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERTICAL TOPCO SARL                                                       | Vertical (TK Elevator)                                                                | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | DE        |     -8634279 | PA      | $-643690.15   | -0.01%            | 2027-01-29      | Variable      | 0.90%                 | No            |                  3 | On Loan: No      |
| Dryden Senior Loan Fund                                                   | Dryden 37 Senior Loan Fund                                                            | CUSIP: 26249YAG6<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-O            | CORP              | KY        |      9500000 | PA      | $7384030.80   | 0.13%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                                       | NuStar Logistics, LP                                                                  | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |       450000 | PA      | $420775.88    | 0.01%             | 2027-04-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                                                  | BXMT Ltd.                                                                             | CUSIP: 12434LAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     15640000 | PA      | $15058801.96  | 0.27%             | 2038-02-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING CO LLC                                                  | HAH Group Holding Co. LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6018295 | PA      | $5724902.84   | 0.10%             | 2027-10-29      | Variable      | 9.43%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | SE        |      -200000 | NC      | $1188.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3000000 | NC      | $-43757.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GMAC Commercial Mortgage Asset                                            | GMAC Commercial Mortgage Asset Corp.                                                  | CUSIP: 38011SAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9000000 | PA      | $9011610.00   | 0.16%             | 2044-09-10      | Fixed         | 6.36%                 | No            |                  3 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -7020000 | NC      | $-60650.35    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -29000000 | NC      | $-221118.85   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |  -1100000000 | NC      | $-365148.53   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOUNDLAND T-BILL                                                       | Newfoundland T-Bill                                                                   | CUSIP: 65134AAD1<br>LEI: 549300CLWWW48GTPOJ49 | Long             | DBT              | NUSS              | CA        |       750000 | PA      | $553245.17    | 0.01%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange AUD/NZD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     -4250000 | NC      | $-14953.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                                            | JP Morgan Mortgage Acquisition Trust                                                  | CUSIP: 46630BAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3159805 | PA      | $1687966.19   | 0.03%             | 2036-12-25      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                                                  | BXMT Ltd.                                                                             | CUSIP: 12434LAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      8000000 | PA      | $7572335.20   | 0.13%             | 2038-02-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| RESONETICS LLC                                                            | Resonetics LLC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1789020 | PA      | $1699569.00   | 0.03%             | 2028-04-28      | Variable      | 8.41%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2020-2A PTT                                                    | Air Canada Class A Pass Through Trust                                                 | CUSIP: 00909DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      2795997 | PA      | $2640139.54   | 0.05%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |      -510000 | NC      | $-3720.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DP HOLDCO LP                                                              | Duff & Phelps                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4335129 | PA      | $4041163.47   | 0.07%             | 2027-04-09      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| STRIPES 2013 AIRCRAFT 1 LIMITED                                           | Stripes Aircraft Ltd.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |       360124 | PA      | $348062.98    | 0.01%             | 2023-03-20      | Variable      | 7.85%                 | No            |                  3 | On Loan: No      |
| NM Z PARENT INC                                                           | Zep, Inc.                                                                             | CUSIP: N/A<br>LEI: NU75S1Y8UH3706J5CS61       | Long             | LON              | CORP              | US        |      3672376 | PA      | $3161915.43   | 0.06%             | 2024-08-12      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| PPP INTERMEDIATE HOLDINGS LLC                                             | Permian Production Partners LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1137860 | PA      | $1132170.82   | 0.02%             | 2025-11-24      | Variable      | 6.20%                 | No            |                  3 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |      1100000 | NC      | $6371.92      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC                                                     | HighTower Holding LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     18661500 | PA      | $17044107.80  | 0.30%             | 2028-04-21      | Variable      | 8.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                                            | JP Morgan Chase Commercial Mortgage Securities Trust 2021-NYAH                        | CUSIP: 46654EAN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15000000 | PA      | $13897309.50  | 0.25%             | 2038-06-15      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| AASET 2017-1 Trust                                                        | AASET Trust                                                                           | CUSIP: 000366AA2<br>LEI: 549300UGVCXV1Y1NM635 | Long             | ABS-O            | CORP              | US        |     17553041 | PA      | $13612481.95  | 0.24%             | 2042-05-16      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -630000 | NC      | $-5176.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN (GOVERNMENT OF)                                                     | Government of Japan                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | JP        |   1100000000 | PA      | $8380620.34   | 0.15%             | 2023-01-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -2300000 | NC      | $13656.89     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                                             | Master Asset-Backed Securities Trust                                                  | CUSIP: 55291KAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10177766 | PA      | $3564862.14   | 0.06%             | 2036-08-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec CAD / Deliver USD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |     11800000 | NC      | $72636.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TWILIO INC                                                                | Twilio, Inc.                                                                          | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |     15100000 | PA      | $11979660.50  | 0.21%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PAI HOLDCO INC                                                            | PAI Holdco, Inc.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      5923189 | PA      | $5193926.13   | 0.09%             | 2027-10-28      | Variable      | 8.16%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                            | WaMu Asset-Backed Certificates WaMu Series Trust                                      | CUSIP: 93363XAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2863364 | PA      | $1730744.71   | 0.03%             | 2047-07-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| MINERVA PARENT LIMITED                                                    | Minerva Bidco Ltd.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |     11000000 | PA      | $12156515.96  | 0.22%             | 2025-07-30      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | Foreign Exchange USD/JPY                                                              | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -3000000 | NC      | $-24063.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MIDWEST VETERINARY PARTNERS LLC                                           | Mission Veterinary Partners                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     21235500 | PA      | $18899595.00  | 0.33%             | 2028-04-27      | Variable      | 7.87%                 | No            |                  3 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | Swiss Average Rate O/N                                                                | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |     20250000 | OU      | $29837.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       270000 | NC      | $1427.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      7500000 | NC      | $19723.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                                                             | TopBuild Corp.                                                                        | CUSIP: 89055FAC7<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |      8850000 | PA      | $7191598.50   | 0.13%             | 2032-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       750000 | NC      | $-5469.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.                                    | Pershing Square Tontine Holdings, Ltd.                                                | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | N/A              | DE               |  | US        |       762770 | NS      | $76.28        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CARE BIDCO SAS                                                            | Care BidCo                                                                            | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | FR        |     -9200000 | PA      | $-700775.54   | -0.01%            | 2028-05-04      | Variable      | 0.90%                 | No            |                  3 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -170000 | NC      | $-609.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                             | Citigroup, Inc.                                                                       | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     30600000 | NS      | $26086500.00  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                       | CDW LLC / CDW Finance Corp.                                                           | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     14000000 | PA      | $11536506.94  | 0.20%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      1530000 | NC      | $-2772.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 54251RAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13886443 | PA      | $5609073.13   | 0.10%             | 2036-07-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| BERKLEY (WR) CORPORATION                                                  | W R Berkley Corp.                                                                     | CUSIP: 084423888<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |       115042 | NS      | $2130577.84   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| ONTARIO T-BILL                                                            | Ontario T-Bill                                                                        | CUSIP: 6832Z5JB7<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |      2015000 | PA      | $1487829.37   | 0.03%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                     | Toronto-Dominion Bank                                                                 | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |      6300000 | PA      | $6552000.00   | 0.12%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                                  | Prime Security Services Borrower LLC / Prime Finance, Inc.                            | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7300000 | PA      | $6301247.58   | 0.11%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ACRE COMMERCIAL MORTGAGE TRUST                                            | ACRE Commercial Mortgage Ltd.                                                         | CUSIP: 00489TAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      7350000 | PA      | $6962101.55   | 0.12%             | 2037-12-18      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| BILLIKEN BUYER INC                                                        | EyeCare Partners LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      8064062 | PA      | $6761716.41   | 0.12%             | 2028-11-15      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | CA        |      2070000 | NC      | $-1234.27     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      -600000 | NC      | $-4215.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RED FIBER PARENT LLC                                                      | Cincinnati Bell, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       992500 | PA      | $972650.00    | 0.02%             | 2028-11-22      | Variable      | 7.67%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT LLC                                                | Fertitta Entertainment LLC                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1216200 | PA      | $1154027.41   | 0.02%             | 2029-01-27      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities                                             | Fortress Credit Opportunities IX CLO Ltd.                                             | CUSIP: 34961JBC7<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-O            | CORP              | KY        |      2950000 | PA      | $2766523.28   | 0.05%             | 2033-10-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| RINCHEM COMPANY LLC                                                       | Rinchem Company LLC                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3532250 | PA      | $3329145.63   | 0.06%             | 2029-03-02      | Variable      | 9.18%                 | No            |                  3 | On Loan: No      |
| ACROPOLIS INFRASTRUCTURE - A                                              | Acropolis Infrastructure Acquisition Corp.                                            | CUSIP: 005029111<br>LEI: N/A                  | N/A              | DE               |  | US        |       192759 | NS      | $23131.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLS                                                                     | Galls LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       361798 | PA      | $352753.14    | 0.01%             | 2025-01-31      | Variable      | 11.16%                | No            |                  3 | On Loan: No      |
| DRYDEN SENIOR LOAN FUND DRSLF_15-37A                                      | Dryden Senior Loan Fund                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | KY        |      1897598 | PA      | $458212.99    | 0.01%             | 2031-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |       520000 | NC      | $5582.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas                                            | Washington Mutual Mortgage Pass-Through Certificates WMALT Series Trust               | CUSIP: 939346AB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3915247 | PA      | $3091040.10   | 0.05%             | 2046-11-25      | Floating      | 2.89%                 | No            |                  2 | On Loan: No      |
| IP Lending LLC                                                            | IP Lending II Ltd.                                                                    | CUSIP: 44988WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7450000 | PA      | $7114750.00   | 0.13%             | 2025-07-15      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| TWIN PALMS PACIFIC TRUST                                                  | Del Monte Foods, Inc.                                                                 | CUSIP: N/A<br>LEI: 549300U9K7TD84Q24R17       | Long             | LON              | CORP              | US        |      3094674 | PA      | $2998924.79   | 0.05%             | 2029-05-16      | Variable      | 8.67%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                                                           | TripAdvisor, Inc.                                                                     | CUSIP: 896945AA0<br>LEI: 549300XVG45PT5BART17 | Long             | DBT              | CORP              | US        |      1800000 | PA      | $1778462.78   | 0.03%             | 2025-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      -515000 | NC      | $-786.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                                           | HGI CRE CLO Ltd.                                                                      | CUSIP: 40390JAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      1600000 | PA      | $1481963.68   | 0.03%             | 2036-09-17      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| NFP CORP                                                                  | NFP Corp.                                                                             | CUSIP: 65342RAE0<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |      3950000 | PA      | $3362618.17   | 0.06%             | 2028-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec JPY / Deliver USD                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    238735600 | NC      | $52834.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Waverley Capital Acquisition C                                            | Waverley Capital Acquisition Corporation 1                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       786700 | NS      | $7882734.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Dynamic Credit Allocation                                            | Ares Dynamic Credit Allocation Fund, Inc.                                             | CUSIP: 04014F102<br>LEI: 549300BZI16VZUT2N044 | Long             | EC               | RF                | US        |       384500 | NS      | $4456355.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange CAD/JPY                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |    -26100000 | NC      | $-854.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                                                  | Prime Security Services Borrower LLC / Prime Finance, Inc.                            | CUSIP: 74166MAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1900000 | PA      | $1866388.56   | 0.03%             | 2024-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange CAD/JPY                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |    -27500000 | NC      | $-47853.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                    | AthenaHealth Group, Inc.                                                              | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     26650000 | PA      | $19639242.33  | 0.35%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-2 AA PTT                                                  | American Airlines Class AA Pass Through Trust                                         | CUSIP: 02376AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1210320 | PA      | $1044853.76   | 0.02%             | 2029-10-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -2980000 | NC      | $-19735.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |       330000 | NC      | $-2208.09     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVS GROUP GMBH                                                            | AVS Group GmbH                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |      3750000 | PA      | $3731123.49   | 0.07%             | 2026-09-10      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| ZEPHYR BIDCO LTD                                                          | Zephyr Bidco Ltd.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      1540417 | PA      | $1379894.51   | 0.02%             | 2026-07-23      | Variable      | 10.96%                | No            |                  2 | On Loan: No      |
| FAGE INTL / FAGE  USA                                                     | FAGE International S.A. / FAGE USA Dairy Industry, Inc.                               | CUSIP: 30257WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      5232000 | PA      | $4853412.48   | 0.09%             | 2026-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                       | Medline Borrower, LP                                                                  | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |      7200000 | PA      | $5718744.00   | 0.10%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wave USA                                                                  | WAVE LLC                                                                              | CUSIP: 94354KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7245847 | PA      | $5481879.45   | 0.10%             | 2044-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      -475000 | NC      | $-2898.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                                             | Master Asset-Backed Securities Trust                                                  | CUSIP: 57645JAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9561313 | PA      | $2902259.03   | 0.05%             | 2036-08-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | NO        |       500000 | NC      | $-1937.80     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      -470000 | NC      | $-2228.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                                                            | HB Fuller Co.                                                                         | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |      5250000 | PA      | $4646250.00   | 0.08%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |     -1000000 | NC      | $-1416.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                            | Long Beach Mortgage Loan Trust                                                        | CUSIP: 54251UAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      4514192 | PA      | $1259504.79   | 0.02%             | 2036-09-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Seligman Municipal Series Trus                                            | Seligman Municipal Series Trust Florida Fund                                          | CUSIP: 816351506<br>LEI: N/A                  | Long             | EC               | RF                | US        |         1661 | NS      | $863720.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond CLO 2018-1, LLC                                                   | Diamond CLO Ltd.                                                                      | CUSIP: 25256LAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      4572648 | PA      | $4562655.19   | 0.08%             | 2030-07-22      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NZD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      3250000 | NC      | $23807.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY GLOBAL PLC                                                        | Telenet Finance Luxembourg Notes SARL                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |      7000000 | PA      | $6300000.00   | 0.11%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sapphire Aviation Finance I Li                                            | Sapphire Aviation Finance II Ltd.                                                     | CUSIP: 80307AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       559973 | PA      | $423405.66    | 0.01%             | 2040-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | 20-Year Interest Rate Swap                                                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DIR              |  | US        |     24141000 | NC      | $1699376.97   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CONVERGINT TECHNOLOGIES GROUP HOLDINGS INC                                | DG Investment Intermediate Holdings 2, Inc.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2487275 | PA      | $2375347.44   | 0.04%             | 2028-03-31      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| Falcon Aerospace Ltd                                                      | Falcon Aerospace Ltd.                                                                 | CUSIP: 30605YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3838675 | PA      | $3313494.01   | 0.06%             | 2042-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                      | Howmet Aerospace, Inc.                                                                | CUSIP: 013817AK7<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |      2925000 | PA      | $2839435.62   | 0.05%             | 2037-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| First NLC Trust                                                           | First NLC Trust                                                                       | CUSIP: 32115BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5041750 | PA      | $2346107.25   | 0.04%             | 2037-08-25      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                                           | Venture XIII CLO Ltd.                                                                 | CUSIP: 92329PAC9<br>LEI: 549300ZVVNSDW7WU0O73 | Long             | ABS-O            | CORP              | KY        |     13790000 | PA      | $1003291.45   | 0.02%             | 2029-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                                      | FS Rialto                                                                             | CUSIP: 30319YAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8850000 | PA      | $8316907.86   | 0.15%             | 2038-05-16      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| VERISURE CAYMAN 2                                                         | Verisure Holding AB                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |      1070000 | PA      | $1060946.77   | 0.02%             | 2028-03-27      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                                       | FS KKR Capital Corp.                                                                  | CUSIP: 302635AL1<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |     21000000 | PA      | $17664444.63  | 0.31%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                                        | Kennedy-Wilson, Inc.                                                                  | CUSIP: 489399AL9<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |        25000 | PA      | $19813.67     | 0.00%             | 2029-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                                                  | MB2 Dental Solutions LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     20509651 | PA      | $20141737.89  | 0.36%             | 2027-01-29      | Variable      | 10.42%                | No            |                  3 | On Loan: No      |
| 3G SPECIAL SITUATIONS FUND V LP                                           | Hunter Douglas, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     20947500 | PA      | $18347705.78  | 0.32%             | 2029-02-26      | Variable      | 7.86%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                 | Boeing Co.                                                                            | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     16010000 | PA      | $15266535.14  | 0.27%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| IMPRIVATA INTERMEDIATE HOLDINGS INC                                       | Imprivata, Inc.                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4837875 | PA      | $4654954.95   | 0.08%             | 2027-12-01      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                                                   | Asbury Automotive Group, Inc.                                                         | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |      4472000 | PA      | $3768286.08   | 0.07%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JB POINDEXTER & CO INC                                                    | JB Poindexter & Company, Inc.                                                         | CUSIP: 730481AJ7<br>LEI: 549300W6P81HOZZGPQ16 | Long             | DBT              | CORP              | US        |     11725000 | PA      | $11314625.00  | 0.20%             | 2026-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Telos CLO Ltd                                                             | Telos CLO Ltd.                                                                        | CUSIP: 87970UBA3<br>LEI: 549300S94NIRW4K03T89 | Long             | ABS-O            | CORP              | KY        |      2987839 | PA      | $2975550.54   | 0.05%             | 2027-01-17      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                                                        | BSPRT Issuer Ltd.                                                                     | CUSIP: 05601HAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     18425000 | PA      | $17321230.11  | 0.31%             | 2036-03-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| SHO HOLDING I CORP                                                        | SHO Holding I Corp.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      3594843 | PA      | $2696131.98   | 0.05%             | 2024-04-27      | Variable      | 9.66%                 | No            |                  3 | On Loan: No      |
| Residential Accredit Loans, In                                            | RALI Series Trust                                                                     | CUSIP: 75114NAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5035370 | PA      | $1198823.93   | 0.02%             | 2046-06-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| VERISURE CAYMAN 2                                                         | Verisure Holding AB                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | SE        |      3051053 | PA      | $3077096.21   | 0.05%             | 2026-07-20      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                                   | Global Partners Limited Partnership / GLP Finance Corp.                               | CUSIP: 37954FAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7750000 | PA      | $7099542.50   | 0.13%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DYAL CAPITAL PARTNERS IV LP                                               | Dyal Capital Partners IV                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |      7117500 | PA      | $5459905.43   | 0.10%             | 2041-02-22      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| Golub Capital Partners CLO Ltd                                            | Golub Capital Partners CLO Ltd.                                                       | CUSIP: 38175BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     20000000 | PA      | $18437032.00  | 0.33%             | 2031-02-05      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -2750000 | NC      | $-2727.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAFTECH FINANCE INC                                                      | GrafTech Finance, Inc.                                                                | CUSIP: 384311AA4<br>LEI: 1Z010BU876CF2HDBIN43 | Long             | DBT              | CORP              | US        |     10000000 | PA      | $8212226.20   | 0.15%             | 2028-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AP VIII DUKE HOLDINGS GP LLC                                              | Vectra Co.                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2470242 | PA      | $1935434.41   | 0.03%             | 2025-03-08      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | RLDatix                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      8500000 | PA      | $10036206.48  | 0.18%             | 2024-10-28      | Variable      | 6.69%                 | No            |                  3 | On Loan: No      |
| Commodity Exchange, Inc.                                                  | Silver Futures Contracts                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |          571 | NC      | $8315831.73   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRAW HILL LLC                                                           | McGraw Hill LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1068370 | PA      | $1003263.65   | 0.02%             | 2028-07-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations C                                            | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares              | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |      6757310 | NS      | $6757310.47   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CPI CG INC                                                                | CPI CG, Inc.                                                                          | CUSIP: 12598FAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      4269000 | PA      | $4195050.29   | 0.07%             | 2026-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/SEK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4000000 | NC      | $72269.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AEQUI ACQUISITION CORP-CL A                                               | Aequi Acquisition Corp.                                                               | CUSIP: 00775W110<br>LEI: N/A                  | N/A              | DE               |  | US        |       333052 | NS      | $9325.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                                                  | Cheplapharm Arzneimittel GmbH                                                         | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |      8085000 | PA      | $6760677.00   | 0.12%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                                                              | US Foods, Inc.                                                                        | CUSIP: 90290MAD3<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |      6550000 | PA      | $5815876.00   | 0.10%             | 2029-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -4700000 | NC      | $-33997.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HAMILTON PROJECTS ACQUIROR LLC                                            | Hamilton Projects Acquiror LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7785086 | PA      | $7652116.71   | 0.14%             | 2027-06-17      | Variable      | 9.23%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec CAD / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      5250000 | NC      | $15346.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Lightning B Unfunded                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      4431961 | PA      | $0.04         | 0.00%             | 2037-03-01      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |     11250000 | NC      | $51048.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVA SCOTIA T-BILL                                                        | Nova Scotia T-Bill                                                                    | CUSIP: 66980KAR1<br>LEI: 5493002W033HJBDP3481 | Long             | DBT              | NUSS              | CA        |       830000 | PA      | $611424.03    | 0.01%             | 2023-01-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US                                                    | Cushman & Wakefield US Borrower LLC                                                   | CUSIP: 23166MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5303000 | PA      | $5060971.08   | 0.09%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -5000000 | NC      | $-42077.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HINDALCO INDUSTRIES LTD                                                   | Novelis Sheet Ingot GmbH                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | DE        |      4500000 | PA      | $4093616.79   | 0.07%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                                | DaVita, Inc.                                                                          | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |      9649000 | PA      | $7761913.13   | 0.14%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | JP        |      7600000 | NC      | $-158888.51   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP                                                      | Kaiser Aluminum Corp.                                                                 | CUSIP: 483007AJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       650000 | PA      | $567206.74    | 0.01%             | 2028-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                                                    | Ameriquest Mortgage Securities Trust                                                  | CUSIP: 03076MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     19819785 | PA      | $11379468.27  | 0.20%             | 2036-10-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | 6-Month EURIBOR                                                                       | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |    -13439000 | OU      | $-35651.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -1430000 | NC      | $-4943.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN FINANCIAL GROUP                                                  | American Financial Group, Inc.                                                        | CUSIP: 025932864<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |       270159 | NS      | $5022255.81   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -200000 | NC      | $766.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                                                  | Rocket Mortgage LLC / Rocket Mortgage Company-Issuer, Inc.                            | CUSIP: 74841CAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     21650000 | PA      | $16524913.06  | 0.29%             | 2031-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                  | Rogers Communications, Inc.                                                           | CUSIP: 775109CD1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |      9800000 | PA      | $7597803.39   | 0.13%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAIN INFRA                                                   | Atlantica Sustainable Infrastructure plc                                              | CUSIP: 04916WAA2<br>LEI: 549300ITBBGKJ651R879 | Long             | DBT              | CORP              | GB        |      1550000 | PA      | $1374050.77   | 0.02%             | 2028-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEWFOUNDLAND T-BILL                                                       | Newfoundland T-Bill                                                                   | CUSIP: 65134AA90<br>LEI: 549300CLWWW48GTPOJ49 | Long             | DBT              | NUSS              | CA        |       985000 | PA      | $726871.86    | 0.01%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | Sterling Overnight Interbank Average Rate                                             | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      6504000 | OU      | $-1663347.76  | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      2030000 | NC      | $11190.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -290000 | NC      | $-73.90       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                                                   | Iron Mountain Information Management Services, Inc.                                   | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1726000 | PA      | $1433789.01   | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Inc                                                | Morgan Stanley ABS Capital I Incorporated Trust                                       | CUSIP: 61753VAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3830866 | PA      | $1268869.15   | 0.02%             | 2037-02-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | JP        |      1000000 | NC      | $-56613.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                  | Prudential Financial, Inc.                                                            | CUSIP: 744320888<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |       202225 | NS      | $3670383.75   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange AUD/JPY                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |    -29000000 | NC      | $-13210.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | 6-Month Australian Bank Bill Rate                                                     | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |     37450000 | OU      | $26518.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE                                                      | JBS USA LUX S.A. / JBS USA Food Company / JBS USA Finance, Inc.                       | CUSIP: 46590XAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3400000 | PA      | $2777462.52   | 0.05%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |   -209420000 | NC      | $-1401233.40  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                                            | Castlelake Aircraft Securitization Trust                                              | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |      5769028 | PA      | $4875598.63   | 0.09%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4000000 | NC      | $60636.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                  | Charter Communications Operating LLC / Charter Communications Operating Capital       | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3500000 | PA      | $2197392.58   | 0.04%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                         | Iron Mountain, Inc.                                                                   | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |       925000 | PA      | $760294.50    | 0.01%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | U.S. Secured Overnight Financing Rate                                                 | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        |      7583000 | OU      | $-345814.30   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NEWFOUNDLAND T-BILL                                                       | Newfoundland T-Bill                                                                   | CUSIP: 65134AAH2<br>LEI: 549300CLWWW48GTPOJ49 | Long             | DBT              | NUSS              | CA        |      9000000 | PA      | $6635816.93   | 0.12%             | 2023-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver CAD                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |      -939000 | NC      | $-6098.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lehman XS Trust                                                           | Lehman XS Trust Series                                                                | CUSIP: 525229AE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2522288 | PA      | $2297269.00   | 0.04%             | 2046-07-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities LLC                                                | 6-Month Budapest Interbank Offering Rate                                              | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | N/A              | DIR              |  | US        | -18000000000 | OU      | $550282.06    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MILEAGE PLUS HLDINGS LLC                                                  | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.            | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17731143 | PA      | $17628334.82  | 0.31%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange EUR/GBP                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      4700000 | NC      | $154455.27    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange NZD/USD                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |    -31000000 | NC      | $-194345.15   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                     | HUB International Ltd.                                                                | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |      8500000 | PA      | $7423750.74   | 0.13%             | 2029-12-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       410000 | NC      | $-388.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ONTARIO T-BILL                                                            | Ontario T-Bill                                                                        | CUSIP: 6832Z5JF8<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |       357000 | PA      | $262719.61    | 0.00%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -1510000 | NC      | $256.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange USD/CAD                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -2750000 | NC      | $-327.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      1510000 | NC      | $13213.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | Datix Bidco Ltd.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |       461709 | PA      | $452244.13    | 0.01%             | 2026-04-27      | Variable      | 12.20%                | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      1830000 | NC      | $9508.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                                                | Atlas Senior Loan Fund IX Ltd.                                                        | CUSIP: 04941VAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     10250000 | PA      | $9919657.88   | 0.18%             | 2028-04-20      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| DURAN GROUP HOLDING GMBH                                                  | Duran Group Holding GMBH                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |       416090 | PA      | $422809.37    | 0.01%             | 2024-03-29      | Variable      | 5.65%                 | No            |                  3 | On Loan: No      |
| Bank of Montreal, Chicago Branch                                          | Bank of Montreal                                                                      | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Short            | RA               | CORP              | US        |    -12214941 | PA      | $-12214940.94 | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver CHF                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | CH        |      5000000 | NC      | $-10196.16    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HEALTHCHANNELS INTERMEDIATE HOLDCO LLC                                    | ScribeAmerica Intermediate Holdco LLC (Healthchannels)                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      4703612 | PA      | $3257251.24   | 0.06%             | 2025-04-03      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| MASTR Asset Backed Securities                                             | Master Asset-Backed Securities Trust                                                  | CUSIP: 57645JAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8038781 | PA      | $2440040.02   | 0.04%             | 2036-08-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| FIRST REPUBLIC BANK                                                       | First Republic Bank                                                                   | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |      1139250 | NS      | $18717877.50  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -350000 | NC      | $-3536.98     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE BENELUX PARTICIPATIONS SA                                       | Holding SOCOTEC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | FR        |      7078500 | PA      | $6636093.75   | 0.12%             | 2028-06-30      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Treman Park CLO Ltd                                                       | Treman Park CLO Ltd.                                                                  | CUSIP: 89473MAB8<br>LEI: 549300E4DX3Q8L455K94 | Long             | ABS-O            | CORP              | KY        |     12400000 | PA      | $741892.00    | 0.01%             | 2028-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                          | CSC Holdings LLC                                                                      | CUSIP: 126307BD8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |      2715000 | PA      | $1461145.13   | 0.03%             | 2030-12-01      | Fixed         | 4.62%                 | No            |                  3 | On Loan: No      |
| THL Credit Lake Shore MM CLO I                                            | THL Credit Lake Shore MM CLO I Ltd.                                                   | CUSIP: 510800AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9900000 | PA      | $9099729.54   | 0.16%             | 2033-04-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                                                  | BXMT Ltd.                                                                             | CUSIP: 05608XAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      7350000 | PA      | $7035566.27   | 0.12%             | 2037-11-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Acquisition                                            | JP Morgan Mortgage Acquisition Trust                                                  | CUSIP: 46629KAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8594002 | PA      | $5993721.99   | 0.11%             | 2036-08-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Cerberus                                                                  | Cerberus Loan Funding XXVI, LP                                                        | CUSIP: 15673YAS8<br>LEI: 549300U8RSYT04O8Z019 | Long             | ABS-O            | CORP              | KY        |      4000000 | PA      | $3782210.80   | 0.07%             | 2031-04-15      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS & CO. LLC                                                   | Goldman Sachs & Co. LLC                                                               | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Short            | RA               | CORP              | US        |     -2473388 | PA      | $-2473387.66  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      2610000 | NC      | $-10653.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                                                   | Global Partners Limited Partnership / GLP Finance Corp.                               | CUSIP: 37954FAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2200000 | PA      | $2089179.51   | 0.04%             | 2027-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -850000 | NC      | $-6482.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                                                  | Jefferies Finance LLC / JFIN Company-Issuer Corp.                                     | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000000 | PA      | $18761790.00  | 0.33%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec CAD / Deliver JPY                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | JP        |      2510000 | NC      | $-70558.02    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HEALTHEQUITY INC                                                          | HealthEquity, Inc.                                                                    | CUSIP: 42226AAA5<br>LEI: 529900LRJU1RAFQHM467 | Long             | DBT              | CORP              | US        |      6900000 | PA      | $6029910.00   | 0.11%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                                                  | Nationwide Mutual Insurance Co.                                                       | CUSIP: 638671AN7<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |     21150000 | PA      | $15797291.59  | 0.28%             | 2050-04-30      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BNPP IP CLO LTD                                                           | BNPP IP CLO Ltd.                                                                      | CUSIP: 05580HAE9<br>LEI: 54930038CI4SMKCMEM78 | Long             | ABS-O            | CORP              | KY        |      5945346 | PA      | $3020235.64   | 0.05%             | 2025-10-30      | Floating      | 9.66%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    -11000000 | NC      | $-81493.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |     -4560000 | NC      | $-31476.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Waverley Capital Acquisition Corp.                                        | Waverley Capital Acquisition Corp.                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       262232 | NS      | $10515.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd                                            | LoanCore Issuer Ltd.                                                                  | CUSIP: 53947XAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      8250000 | PA      | $7524848.10   | 0.13%             | 2036-07-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| TGP HOLDINGS III LLC                                                      | TGP Holdings LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       198788 | PA      | $158036.81    | 0.00%             | 2028-06-29      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| UK TOPCO                                                                  | Chrome Bidco                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | FR        |      4800000 | PA      | $4305451.43   | 0.08%             | 2028-05-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | Foreign Exchange EUR/CAD                                                              | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     11000000 | NC      | $872.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange NZD/JPY                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    -30500000 | NC      | $-25844.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Credit Allocation In                                            | BlackRock Credit Allocation Income Trust                                              | CUSIP: 092508100<br>LEI: WU48CSUCFTU86AQUYZ93 | Long             | EC               | RF                | US        |       736817 | NS      | $7441851.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                       | JPMorgan Chase & Co.                                                                  | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     16800000 | PA      | $16397697.96  | 0.29%             | 2033-09-14      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| JELD-WEN INC                                                              | JELD-WEN, Inc.                                                                        | CUSIP: 475795AE0<br>LEI: 549300XWE6NM0N1HFW16 | Long             | DBT              | CORP              | US        |       100000 | PA      | $93534.45     | 0.00%             | 2025-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |      -460000 | NC      | $2316.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | SE        |      -860000 | NC      | $2572.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                   | Starwood Property Trust, Inc.                                                         | CUSIP: 85571BAY1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     19000000 | PA      | $16626433.36  | 0.29%             | 2027-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS PPV LLC                                                     | Hampton Roads PPV LLC                                                                 | CUSIP: 409322AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16735000 | PA      | $14235097.25  | 0.25%             | 2053-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC                                                | Applebee's Funding LLC / IHOP Funding LLC                                             | CUSIP: 03789XAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2079000 | PA      | $2042800.45   | 0.04%             | 2049-06-05      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                              | GS Mortgage Securities Corporation Trust                                              | CUSIP: 36258BAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2750000 | PA      | $2595650.20   | 0.05%             | 2036-12-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| MINERALS TECHNOLOGIES IN                                                  | Minerals Technologies, Inc.                                                           | CUSIP: 603158AA4<br>LEI: 549300D3I1QU67GP6403 | Long             | DBT              | CORP              | US        |     11230000 | PA      | $10001438.00  | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANITOBA T-BILL                                                           | Province of Manitoba Canada T-Bill                                                    | CUSIP: 56347PEL8<br>LEI: 5493003QILFOB3JRKE30 | Long             | DBT              | NUSS              | CA        |       939000 | PA      | $691823.54    | 0.01%             | 2023-01-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange AUD/JPY                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     -3000000 | NC      | $-2271.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| METLIFE INC                                                               | MetLife, Inc.                                                                         | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     12200000 | NS      | $11330750.00  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange EUR/GBP                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     11000000 | NC      | $160397.95    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -2300000 | NC      | $20966.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange AUD/JPY                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     -3000000 | NC      | $-25855.93    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Falcon Aerospace Ltd                                                      | Falcon Aerospace Ltd.                                                                 | CUSIP: 30605YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13396259 | PA      | $12150749.61  | 0.22%             | 2042-02-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |      2240000 | NC      | $-4604.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       690000 | NC      | $-4211.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                               | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              |  | US        |      8860000 | NC      | $42338.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver GBP                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      -230000 | NC      | $-1619.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS THEME PARKS                                                     | Six Flags Theme Parks, Inc.                                                           | CUSIP: 83001WAC8<br>LEI: 5493003MX0ZXTM8EVY68 | Long             | DBT              | CORP              | US        |      2757000 | PA      | $2775780.63   | 0.05%             | 2025-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -3720000 | NC      | $-29554.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOTHEBY'S/BIDFAIR HLD                                                     | Sotheby's/Bidfair Holdings, Inc.                                                      | CUSIP: 83600GAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9400000 | PA      | $7893182.07   | 0.14%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal, Chicago Branch                                          | Bank of Montreal                                                                      | CUSIP: N/A<br>LEI: NQQ6HPCNCCU6TUTQYE16       | Short            | RA               | CORP              | US        |    -14794562 | PA      | $-14794561.81 | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -2560000 | NC      | $-8309.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO                                             | ABPCI Direct Lending Fund CLO V Ltd.                                                  | CUSIP: 000807AS6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9200000 | PA      | $8545132.96   | 0.15%             | 2031-04-20      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| NAVACORD CORP                                                             | Jones Deslauriers Insurance Management, Inc.                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |     34333995 | PA      | $23590274.12  | 0.42%             | 2028-03-27      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                                                    | Ameriquest Mortgage Securities Trust                                                  | CUSIP: 03076MAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13347203 | PA      | $4348022.19   | 0.08%             | 2036-10-25      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| PS HOLDINGS INDEPENDENT VOTING COMPANY LTD                                | Pershing Square Holdings Ltd.                                                         | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | DBT              | CORP              | GG        |      1600000 | PA      | $1245712.00   | 0.02%             | 2030-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |       250000 | NC      | $624.53       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI                                                  | PetSmart, Inc. / PetSmart Finance Corp.                                               | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2800000 | PA      | $2535419.57   | 0.04%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                  | Corebridge Financial, Inc.                                                            | CUSIP: 21871XAN9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     10750000 | PA      | $9933372.70   | 0.18%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING III A/S                                                  | Sitecore Holding III A/S                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |      4029658 | PA      | $3991078.92   | 0.07%             | 2026-03-12      | Variable      | 11.72%                | No            |                  3 | On Loan: No      |
| KUVARE US HOLDINGS INC                                                    | Kuvare US Holdings, Inc.                                                              | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | EP               | CORP              | US        |     19150000 | NS      | $19341500.00  | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                                            | AASET Trust                                                                           | CUSIP: 00255UAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3751347 | PA      | $1616480.83   | 0.03%             | 2040-01-16      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| GALLS                                                                     | Galls LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |      -115780 | PA      | $-2730.99     | -0.00%            | 2024-01-31      | Variable      | 1.12%                 | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -630000 | NC      | $-5933.84     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      1405000 | NC      | $12489.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                                            | Wells Fargo Commercial Mortgage Trust                                                 | CUSIP: 94989HAF7<br>LEI: 5493002S7XBI8CVRR075 | Long             | ABS-MBS          | CORP              | US        |        96395 | PA      | $96190.94     | 0.00%             | 2048-05-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PLAYTIKA HOLDING CORP                                                     | Playtika Holding Corp.                                                                | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |      8750000 | PA      | $6868312.50   | 0.12%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FIRST KEY REVOLVING TRUST 2021-1                                          | FKRT                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |     33850000 | PA      | $32491938.00  | 0.58%             | 2058-11-30      | Fixed         | 2.21%                 | Yes           |                  3 | On Loan: No      |
| SMRT                                                                      | SMRT                                                                                  | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10000000 | PA      | $9298397.00   | 0.16%             | 2039-01-15      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| KVK CLO Ltd                                                               | KVK CLO Ltd.                                                                          | CUSIP: 48274GAB8<br>LEI: 5493007VGL59COTLZY21 | Long             | ABS-O            | CORP              | KY        |     11900000 | PA      | $2074170.00   | 0.04%             | 2028-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                                      | FS Rialto Issuer LLC                                                                  | CUSIP: 30328DAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      6150000 | PA      | $6129253.59   | 0.11%             | 2037-08-17      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     12465000 | NC      | $89707.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| APTTUS CORP                                                               | Apttus Corp.                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      6154005 | PA      | $5738609.66   | 0.10%             | 2028-05-08      | Variable      | 8.66%                 | No            |                  2 | On Loan: No      |
| RENT-A-CENTER INC/TX                                                      | Rent-A-Center, Inc.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     10448184 | PA      | $10043317.01  | 0.18%             | 2028-02-17      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| FT 1 INC                                                                  | Targus Inc                                                                            | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |        12773 | NS      | $1.28         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver NOK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |      3210000 | NC      | $-22604.79    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investo                                            | Merrill Lynch Mortgage Investors Trust Series                                         | CUSIP: 59024LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5123976 | PA      | $1527687.17   | 0.03%             | 2037-02-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -730000 | NC      | $-8196.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITADEL ENTERPRISE AMERICAS LLC                                           | Ceamer Finance LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      5817840 | PA      | $5329781.68   | 0.09%             | 2031-03-22      | Fixed         | 3.69%                 | No            |                  3 | On Loan: No      |
| TENET HEALTHCARE CORP                                                     | Tenet Healthcare Corp.                                                                | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |       550000 | PA      | $511631.97    | 0.01%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FR REFUEL LLC                                                             | FR Refuel LLC                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     21115122 | PA      | $20164941.07  | 0.36%             | 2028-11-08      | Variable      | 9.19%                 | No            |                  2 | On Loan: No      |
| API HEAT TRANSFER THERMASYS CORP                                          | API Heat Transfer Parent LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1763707 | NS      | $176.37       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VanEck Gold Miners ETF/USA                                                | VanEck Gold Miners ETF                                                                | CUSIP: 92189F106<br>LEI: 54930031TORTKAM9TJ98 | Long             | EC               | RF                | US        |      1430590 | NS      | $41000709.40  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange EUR/CAD                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      3750000 | NC      | $308.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |      2480000 | NC      | $22874.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities                                             | Fortress Credit Opportunities IX CLO Ltd.                                             | CUSIP: 34961JBJ2<br>LEI: 2549008RD44HDM6DNP14 | Long             | ABS-O            | CORP              | KY        |      7750000 | PA      | $6816103.30   | 0.12%             | 2033-10-15      | Floating      | 8.03%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING III A/S                                                  | Sitecore Holding III A/S                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |      4911096 | PA      | $5209466.02   | 0.09%             | 2026-03-12      | Variable      | 9.02%                 | No            |                  3 | On Loan: No      |
| Morgan Stanley Mortgage Loan T                                            | Morgan Stanley Mortgage Loan Trust                                                    | CUSIP: 61748JAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8384696 | PA      | $2504651.10   | 0.04%             | 2036-08-25      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| First Franklin Mtg Loan Asset                                             | First Franklin Mortgage Loan Trust                                                    | CUSIP: 320275AE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7605149 | PA      | $3265302.06   | 0.06%             | 2036-12-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                                       | Station Casinos LLC                                                                   | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |      3800000 | PA      | $3048258.50   | 0.05%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Conyers Park III Acquisition C                                            | Conyers Park III Acquisition Corp.                                                    | CUSIP: 21289P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       832100 | NS      | $8204506.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | Foreign Exchange USD/NOK                                                              | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DFE              |  | US        |      4200000 | NC      | $30345.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                                     | Bausch Health Companies, Inc.                                                         | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     15600000 | PA      | $9922252.55   | 0.18%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                                                  | Scientific Games Holdings Limited Partnership/Scientific Games US FinCo, Inc.         | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      3500000 | PA      | $2956450.00   | 0.05%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.                                             | Citigroup Global Markets, Inc.                                                        | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Short            | RA               | CORP              | US        |    -22129388 | PA      | $-22129387.64 | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM GROUP INC                                                       | TransDigm, Inc.                                                                       | CUSIP: N/A<br>LEI: 88Q84GB3X55CF5OC7582       | Long             | LON              | CORP              | US        |     13157502 | PA      | $13002374.57  | 0.23%             | 2025-05-30      | Variable      | 6.98%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | Foreign Exchange AUD/CAD                                                              | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |     -4200000 | NC      | $-10078.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       250000 | NC      | $-253.78      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LASERAWAY INTERMEDIATE HOLDINGS II LLC                                    | LaserAway Intermediate Holdings II LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |     12409189 | PA      | $12129981.92  | 0.21%             | 2027-10-14      | Variable      | 9.76%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver EUR                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -1070000 | NC      | $-9627.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RADIATE HOLDINGS LP                                                       | Radiate Holdco LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      7645859 | PA      | $6182823.83   | 0.11%             | 2026-09-25      | Variable      | 7.63%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                                       | Datix Bidco Ltd.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      9112505 | PA      | $8900183.73   | 0.16%             | 2025-04-28      | Variable      | 8.95%                 | No            |                  3 | On Loan: No      |
| BILLIKEN BUYER INC                                                        | EyeCare Partners LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2145066 | PA      | $1708909.74   | 0.03%             | 2027-02-18      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| NCR CORP                                                                  | NCR Corp.                                                                             | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |      6350000 | PA      | $5310652.32   | 0.09%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC                                                | Navigator Aircraft ABS Ltd.                                                           | CUSIP: 63943BAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5910603 | PA      | $4827368.45   | 0.09%             | 2046-11-15      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                                            | CURRENCY CONTRACT - Rec USD / Deliver JPY                                             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |  -1375000000 | NC      | $-108371.24   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONFLUENT HEALTH LLC                                                      | Confluent Health LLC                                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |      -424093 | PA      | $-65026.20    | -0.00%            | 2028-11-30      | Variable      | 4.00%                 | No            |                  3 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |       160000 | NC      | $603.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                  | Host Hotels & Resorts, LP                                                             | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |     24000000 | PA      | $19806430.32  | 0.35%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                                                             | Cable One, Inc.                                                                       | CUSIP: 12685JAE5<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |      5750000 | PA      | $4516625.00   | 0.08%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                       | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |      1360000 | NC      | $11646.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       390000 | NC      | $3601.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDINGS INC                                           | Kronos Acquisition Holdings, Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      2029014 | PA      | $1925027.10   | 0.03%             | 2026-12-22      | Variable      | 8.48%                 | No            |                  2 | On Loan: No      |
| ENDO LUX FIN CO I SARL                                                    | Endo Luxembourg Finance Company I SARL / Endo US, Inc.                                | CUSIP: 29280BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |      4400000 | PA      | $3337965.75   | 0.06%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AUXEY HOLDCO LTD                                                          | Alexander Mann                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |      3000000 | PA      | $3418157.64   | 0.06%             | 2025-06-16      | Variable      | 8.46%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -2150000 | NC      | $20750.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver SEK                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |       630000 | NC      | $-218.64      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |       920000 | NC      | $5231.72      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                                                        | Wendy's Funding LLC                                                                   | CUSIP: 95058XAE8<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |       380000 | PA      | $342284.24    | 0.01%             | 2048-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GSAMP Trust                                                               | GSAMP Trust                                                                           | CUSIP: 3622MGAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     18560923 | PA      | $9853737.63   | 0.17%             | 2046-12-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec CAD / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     14112000 | NC      | $37559.12     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KREF FUNDING V LLC                                                        | KREF Funding V LLC                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |     15051327 | PA      | $14978328.29  | 0.27%             | 2026-06-25      | Variable      | 6.07%                 | No            |                  3 | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | Wells Fargo & Co.                                                                     | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |       982000 | NS      | $18058980.00  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |     -1200000 | NC      | $9119.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec AUD / Deliver USD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |      2670000 | NC      | $26523.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BDS Ltd                                                                   | BDS Ltd.                                                                              | CUSIP: 05493NAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      2700000 | PA      | $2465559.27   | 0.04%             | 2038-11-16      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange CAD/JPY                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |    -27500000 | NC      | $-525513.61   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Marathon CLO LTD                                                          | Marathon CLO V Ltd.                                                                   | CUSIP: 56576QAQ1<br>LEI: 635400LRBGQZIPTCBI09 | Long             | ABS-O            | CORP              | KY        |      7920233 | PA      | $7865117.68   | 0.14%             | 2027-11-21      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| FT 1 INC                                                                  | Targus Inc                                                                            | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |        12773 | NS      | $376.68       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| THUNDERBIRD 2022-1                                                        | Lightning B                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |      2568039 | PA      | $2465317.65   | 0.04%             | 2037-03-01      | Fixed         | 7.50%                 | No            |                  3 | On Loan: No      |
| AVERY POINT CLO LTD AVERY_13-3A                                           | Avery Point II CLO Ltd.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | KY        |      6270000 | PA      | $44893.20     | 0.00%             | 2025-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec SEK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | SE        |      -100000 | NC      | $828.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange AUD/CAD                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |    -29000000 | NC      | $-145867.61   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                            | WaMu Asset-Backed Certificates WaMu Series Trust                                      | CUSIP: 933631AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7457099 | PA      | $3387931.50   | 0.06%             | 2037-01-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| INGENOVIS HEALTH INC                                                      | CCRR Parent, Inc.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      1866750 | PA      | $1772628.47   | 0.03%             | 2028-03-06      | Variable      | 8.14%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | Foreign Exchange USD/CAD                                                              | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |     -2750000 | NC      | $-2078.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                                                   | Booz Allen Hamilton, Inc.                                                             | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |     11800000 | PA      | $10454359.03  | 0.19%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | 10Y-2Y SOFR CMS CAP                                                                   | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DIR              |  | US        |     80550000 | NC      | $341374.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. Morgan Securities PLC                                                | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: K6Q0W1PS1L1O4IQL9C32       | N/A              | DIR              |  | US        |    -22032000 | NC      | $-539836.88   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                                                   | CARS-DB4, LP                                                                          | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21105000 | PA      | $16889580.16  | 0.30%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec NOK / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | NO        |     -1260000 | NC      | $12079.42     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2                                            | BX Commercial Mortgage Trust                                                          | CUSIP: 056054AK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1989000 | PA      | $1903867.42   | 0.03%             | 2036-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limi                                            | Labrador Aviation Finance Limited 2016-1A                                             | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9480688 | PA      | $7466420.64   | 0.13%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec USD / Deliver AUD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |     -4900000 | NC      | $-24890.96    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARAMARK SERVICES INC                                                      | Aramark Services, Inc.                                                                | CUSIP: 038522AR9<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |      1200000 | PA      | $1185252.00   | 0.02%             | 2025-05-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                                                         | Foreign Exchange EUR/USD                                                              | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |     10750000 | NC      | $22739.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Vacasa Inc                                                                | Vacasa, Inc.                                                                          | CUSIP: 91854V107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       503817 | NS      | $634809.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HYATT HOTELS CORP                                                         | Hyatt Hotels Corp.                                                                    | CUSIP: 448579AJ1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |      6530000 | PA      | $6387810.36   | 0.11%             | 2030-04-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                                                       | Boxer Parent Company, Inc.                                                            | CUSIP: N/A<br>LEI: 5493006T045HLTF7YX04       | Long             | DBT              | CORP              | US        |      8500000 | PA      | $8643563.24   | 0.15%             | 2025-10-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                                       | United Airlines, Inc.                                                                 | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |      1700000 | PA      | $1480182.69   | 0.03%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SCHUR FLEXIBLES GMBH                                                      | Schur Flexibles GmbH                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DE        |       274888 | PA      | $284102.88    | 0.01%             | 2026-09-30      | Fixed         | 11.30%                | No            |                  2 | On Loan: No      |
| TEXGEN POWER LLC                                                          | Texgen Power LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       180169 | NS      | $4684394.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ALCOA NEDERLAND HOLDING                                                   | Alcoa Nederland Holding BV                                                            | CUSIP: 013822AC5<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |      7450000 | PA      | $7339144.00   | 0.13%             | 2028-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQ  / KIK CUSTOM                                                  | Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc.                         | CUSIP: 50106GAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5500000 | PA      | $4757500.00   | 0.08%             | 2026-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MATTERHORN BUYER LLC                                                      | Hearthside Group Holdings LLC                                                         | CUSIP: N/A<br>LEI: 549300B7GQ818BSKC852       | Long             | LON              | CORP              | US        |      6653844 | PA      | $5885324.66   | 0.10%             | 2025-05-23      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort                                            | LCCM Trust                                                                            | CUSIP: 50190FAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28865000 | PA      | $27389935.00  | 0.49%             | 2038-11-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| SELECTIVE INSURANCE GROU                                                  | Selective Insurance Group, Inc.                                                       | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |       246000 | NS      | $4120500.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                    | Venture Global Calcasieu Pass LLC                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |      5471685 | PA      | $5485363.87   | 0.10%             | 2026-08-19      | Variable      | 7.01%                 | No            |                  3 | On Loan: No      |
| Acres PLC                                                                 | ACRES Commercial Realty Ltd.                                                          | CUSIP: 00103CAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      7250000 | PA      | $6869896.28   | 0.12%             | 2036-06-15      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | US        |       480000 | NC      | $1248.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR CANADA                                                                | Air Canada                                                                            | CUSIP: N/A<br>LEI: 4B4HI3CGXMBDC0G6BM51       | Long             | LON              | CORP              | CA        |      6188161 | PA      | $6103073.62   | 0.11%             | 2028-08-11      | Variable      | 8.13%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                                            | Sabre GLBL, Inc.                                                                      | CUSIP: 78573NAF9<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      8222000 | PA      | $7901670.88   | 0.14%             | 2025-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUNT COS INC                                                              | Hunt Companies, Inc.                                                                  | CUSIP: 445587AE8<br>LEI: 549300ODPWDNCH5TKM49 | Long             | DBT              | CORP              | US        |     13700000 | PA      | $11515020.02  | 0.20%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust                                                        | AASET Trust                                                                           | CUSIP: 00258BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      3783784 | PA      | $2756350.26   | 0.05%             | 2047-01-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                                             | GoldenTree Loan Management US CLO 1 Ltd.                                              | CUSIP: 38138JAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      9950000 | PA      | $8716493.53   | 0.15%             | 2033-01-20      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                              | GS Mortgage Securities Corporation Trust                                              | CUSIP: 36258BAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7340000 | PA      | $6861800.47   | 0.12%             | 2036-12-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| BlackRock Debt Strategies Fund                                            | BlackRock Debt Strategies Fund, Inc.                                                  | CUSIP: 09255R202<br>LEI: Y02PFSGMGNYKWM70AJ95 | Long             | EC               | RF                | US        |       324670 | NS      | $2986964.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MSD ACQUISITION CORP-A                                                    | MSD Acquisition Corp.                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       166604 | NS      | $12495.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Resecuritization Trust                                             | Nomura Resecuritization Trust                                                         | CUSIP: 65540WCC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1751157 | PA      | $1570211.99   | 0.03%             | 2036-03-26      | Floating      | 2.22%                 | No            |                  2 | On Loan: No      |
| WAMU Asset-Backed Certificates                                            | WaMu Asset-Backed Certificates WaMu Series                                            | CUSIP: 93363XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6829425 | PA      | $4855177.79   | 0.09%             | 2047-07-25      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T                                            | STWD Ltd.                                                                             | CUSIP: 78486BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |      3750000 | PA      | $3537194.63   | 0.06%             | 2038-04-18      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| API HEAT TRANSFER THERMASYS CORP                                          | API Heat Transfer                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |       246299 | PA      | $209354.51    | 0.00%             | 2023-10-02      | Variable      | 7.34%                 | No            |                  3 | On Loan: No      |
| BSPDF 2021-FL1 Issuer Ltd                                                 | BSPDF Issuer Ltd.                                                                     | CUSIP: 055731AJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     19975000 | PA      | $17735996.26  | 0.31%             | 2036-10-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                                     | CURRENCY CONTRACT - Rec USD / Deliver NZD                                             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              |  | US        |     -1500000 | NC      | $-10566.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONYERS PARK III ACQUISITI-A                                              | Conyers Park III Acquisition Corp.                                                    | CUSIP: 21289P110<br>LEI: N/A                  | N/A              | DE               |  | US        |       277366 | NS      | $41327.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                                         | CURRENCY CONTRACT - Rec EUR / Deliver USD                                             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              |  | US        |      2350000 | NC      | $19621.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                                                  | Virgin Media Finance plc                                                              | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | US        |     21400000 | PA      | $17164084.00  | 0.30%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | 5-Year Interest Rate Swap                                                             | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DIR              |  | DE        |     72235000 | NC      | $2020308.21   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU LAS VEGAS                                                   | Fontainbleau Vegas Unfunded                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     21186423 | PA      | $0.21         | 0.00%             | 2025-09-30      | Variable      | 2.29%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                    | CURRENCY CONTRACT - Rec GBP / Deliver EUR                                             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              |  | GB        |     -2000000 | NC      | $-8068.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                                          | Foreign Exchange NOK/SEK                                                              | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | N/A              | DFE              |  | US        |    113000000 | NC      | $54883.83     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                                                 | CURRENCY CONTRACT - Rec GBP / Deliver USD                                             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |       590000 | NC      | $-442.95      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** Jim Howley

**Name of Signer:** Jim Howley

**Title:** CFO