# EDGAR Filing Document

**Accession Number:** 0000864508
**File Stem:** 0001752724-23-011806
**Filing Date:** 2023-1
**Character Count:** 162396
**Document Hash:** 145085c47eabc043f48ac92447768546
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-011806.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-011806

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cavanal Hill Funds
- **CENTRAL INDEX KEY:** 0000864508
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06114
- **FILM NUMBER:** 23550841

**BUSINESS ADDRESS:**
- **STREET 1:** 4400 EASTON COMMONS #200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219
- **BUSINESS PHONE:** 800-762-7085

**MAIL ADDRESS:**
- **STREET 1:** 4400 EASTON COMMONS #200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN PERFORMANCE FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAN PLUS FUNDS
- **DATE OF NAME CHANGE:** 19900910

## Series and Classes Contracts Data

### Strategic Enhanced Yield Fund (Series ID: S000060080)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000196700 | Class A       | AAENX           |
| C000196701 | Institutional | AIENX           |
| C000196702 | Investor      | APENX           |

## Nport-Ex

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Limited Duration Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Asset Backed Securities (33.2%)** | **Asset Backed Securities (33.2%)** | |
| $145342 | Bayview Financial Mortgage Pass-Through Trust, Series 2005-C, Class M3, 4.68% (US0001M + 98 bps), 6/28/44, Callable 12/28/22 @ 100\* | $144899 |
| 570718 | CDC Mortgage Capital Trust, Series 2002-HE1, Class A, 4.66% (US0001M + 62 bps), 1/25/33, Callable 12/25/22 @ 100\* | 557047 |
| 511415 | CIT Mortgage Loan Trust, Series 2007-1, Class 1A, 5.37% (US0001M + 135 bps), 10/25/37, Callable 7/25/23 @ 100\*(a) | 507581 |
| 9 | Citigroup Mortgage Loan Trust, Inc., Series 2005-WF1, Class A5, 5.01%, 11/25/34, Callable 12/25/22 @ 100\*(b) | 8 |
| 651676 | CLI Funding VIII LLC, Series 2021-1A, Class B, 2.38%, 2/18/46(a) | 539388 |
| 228 | Countrywide Asset-Backed Certificates, Series 2002-S1, Class A5, 5.08%, 5/25/32, Callable 12/25/22 @ 100\*(b)(c) | 226 |
| 1347475 | Driven Brands Funding LLC, Series 2019-2A, Class A2, 3.98%, 10/20/49, Callable 10/20/24@ 100\*(a) | 1194464 |
| 806000 | Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100\*(a) | 699855 |
| 457984 | Fremont Home Loan Trust, Series 2004-3, Class 10A1, 5.46% (US0001M + 188 bps), 11/25/34, Callable 12/25/22 @ 100\* | 337720 |
| 1303572 | Goodgreen Trust, Series 2021-1A, Class A, 2.63%, 4/15/55, Callable 10/15/38 @ 100\*(a) | 1071840 |
| 345000 | Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100\*(a) | 309035 |
| 19 | IMC Home Equity Loan Trust, Series 1998-1, Class A6, 7.02%, 6/20/29(b)(c) | 18 |
| 773225 | Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100\*(a) | 672283 |
| 31141 | Lendingpoint Asset Securitization Trust, Series 2021-A, Class A, 1.00%, 12/15/28, Callable 12/15/22 @ 100\*(a) | 31086 |
| 196824 | NMEF Funding LLC, Series 2021-A, Class A2, 0.81%, 12/15/27, Callable 8/15/23 @ 100\*(a) | 193516 |
| 1544899 | NovaStar Mortgage Funding Trust, Series 2003-2, Class M2, 6.79% (US0001M + 278 bps), 9/25/33, Callable 12/25/22 @ 100\* | 1547489 |
| 335120 | RAAC Trust, Series 2007-SP1, Class M1, 4.90% (US0001M + 86 bps), 3/25/37, Callable 12/25/22 @ 100\* | 331526 |
| 73631 | Residential Asset Mortgage Products, Inc., Series 2002-RS2, Class AI5, 5.05%, 3/25/32, Callable 12/25/22 @ 100\* | 66416 |
| 1505 | Saxon Asset Securities Trust, Series 2003-3, Class AF6, 4.25%, 12/25/33, Callable 12/25/22 @ 100\*(b)(c) | 1411 |
| 1531917 | Sonic Capital LLC, Series 2021-1A, Class A2I, 2.19%, 8/20/51, Callable 8/20/25 @ 100\*(a) | 1253995 |
| 50303 | Soundview Home Equity Loan Trust, Series 2005-B, Class M2, 6.07%, 5/25/35, Callable 12/25/22 @ 100\*(b)(c) | 45399 |
| 352603 | Structured Asset Investment Loan Trust, Series 2003-BC2, Class A1, 4.72% (US0001M + 68 bps), 4/25/33, Callable 12/25/22 @ 100\* | 350399 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Asset Backed Securities, continued:** | **Asset Backed Securities, continued:** | **Asset Backed Securities, continued:** | |
| $| 686853 | Structured Asset Investment Loan Trust, Series 2005-HE3, Class M1, 4.74% (US0001M + 72 bps), 9/25/35, Callable 12/25/22 @ 100\* | $666866 |
|  | 160599 | Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2004-6XS, Class A5A, 6.03%, 3/25/34, Callable 12/25/22 @ 100\*(b)(c) | 157459 |
|  | 1323000 | Taco Bell Funding LLC, Series 2016-1A, Class A23, 4.97%, 5/25/46, Callable 5/25/23 @ 100\*(a) | 1269138 |
|  | 539696 | Textainer Marine Containers VII, Ltd., Series 2020-1A, Class A, 2.73%, 8/21/45, Callable 12/20/22 @ 100\*(a) | 486745 |
|  | 844063 | Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100\*(a) | 773663 |
|  | 646813 | ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100\*(a) | 529664 |
| Total Asset Backed Securities (Cost $15,454,025) | Total Asset Backed Securities (Cost $15,454,025) | Total Asset Backed Securities (Cost $15,454,025) | 13739136 |
| **Mortgage Backed Securities† (31.1%)** | **Mortgage Backed Securities† (31.1%)** | **Mortgage Backed Securities† (31.1%)** |  |
| Alt-A - Adjustable Rate Mortgage Backed Securities (0.8%) | Alt-A - Adjustable Rate Mortgage Backed Securities (0.8%) | Alt-A - Adjustable Rate Mortgage Backed Securities (0.8%) |  |
|  | 79545 | Bear Stearns Alternative Trust, Series 2006-1, Class 21A2, 3.45%, 2/25/36, Callable 12/25/22 @ 100\*(b) | 59871 |
|  | 9004 | Bear Stearns Alternative Trust, Series 2005-5, Class 26A1, 4.20%, 7/25/35, Callable 12/25/22 @ 100\*(b) | 6417 |
|  | 9918 | Countrywide Alternative Loan Trust, Series 2005-24, Class 1A1, 3.00% (12MTA + 131 bps), 7/20/35, Callable 12/19/22 @ 100\* | 8029 |
|  | 965 | Deutsche Mortgage Securities, Inc., Series 2006-ABR, Class A1B1, 4.12% (US0001M + 10 bps), 10/25/36, Callable 12/25/22 @ 100\* | 817 |
|  | 1714 | Deutsche Mortgage Securities, Inc., Series 2003-4XS, Class A6A, 5.32%, 10/25/44, Callable 12/25/22 @ 100\*(b)(c) | 1609 |
|  | 3296 | Deutsche Mortgage Securities, Inc., Series 2006-AB4, Class A1A, 6.01%, 10/25/36, Callable 12/25/22 @ 100\*(b) | 2852 |
|  | 3059 | First Horizon Alternative Mortgage Securities, Series 2004-AA3, Class A1, 3.77%, 9/25/34, Callable 12/25/22 @ 100\*(b) | 2724 |
|  | 14912 | Master Adjustable Rate Mortgage Trust, Series 2004-13, Class 2A1, 4.03%, 4/21/34, Callable 12/21/22 @ 100\*(b) | 13958 |
|  | 225605 | Nomura Asset Acceptance Corp., Series 2005-AR4, Class 3A1, 4.04%, 8/25/35, Callable 12/25/22 @ 100\*(b) | 224871 |
|  | 23966 | Residential Accredit Loans, Inc., Series 2004-QA4, Class NB21, 4.07%, 9/25/34, Callable 12/25/22 @ 100\*(b) | 21811 |
|  | 13669 | Residential Accredit Loans, Inc., Series 2006-QA1, Class A21, 4.60%, 1/25/36, Callable 12/25/22 @ 100\*(b) | 10540 |
|  |  |  | 353499 |
| Alt-A - Fixed Rate Mortgage Backed Securities (1.2%) | Alt-A - Fixed Rate Mortgage Backed Securities (1.2%) | Alt-A - Fixed Rate Mortgage Backed Securities (1.2%) |  |
|  | 10531 | Chaseflex Trust, Series 2005-1, Class 2A4, 5.50%, 2/25/35, Callable 12/25/22 @ 100\* | 8614 |

---

See notes to schedule of portfolio of investments.

**- 1 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Limited Duration Fund |
| **November 30, 2022 (Unaudited)**  | Continued |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |  |
| Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: |  |
| $| 14465 | Citigroup Mortgage Alternative Loan Trust, Series 2006-A3, Class 1A5, 6.00%, 7/25/36, Callable 12/25/22 @ 100\* | $12632 |
|  | 11478 | Countrywide Alternative Loan Trust, Series 2005-J13, Class 2A3, 5.50%, 11/25/35, Callable 12/25/22 @ 100\* | 7962 |
|  | 15491 | Countrywide Alternative Loan Trust, Series 2006-2CB, Class A3, 5.50%, 3/25/36, Callable 12/25/22 @ 100\* | 6807 |
|  | 16437 | Countrywide Alternative Loan Trust, Series 2006- 31CB, Class A16, 6.00%, 11/25/36, Callable 12/25/22 @ 100\* | 10029 |
|  | 16027 | Countrywide Alternative Loan Trust, Series 2006-43CB, Class 1A4, 6.00%, 2/25/37, Callable 12/25/22 @ 100\* | 9142 |
|  | 117861 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 12/25/22 @ 100\* | 53156 |
|  | 55294 | Countrywide Alternative Loan Trust, Series 2004-J8, Class 2A1, 7.00%, 8/25/34, Callable 12/25/22 @ 100\* | 49464 |
|  | 109 | Master Alternative Loans Trust, Series 2004-3, Class 1A1, 5.00%, 3/25/19, Callable 12/25/22 @ 100\* | 102 |
|  | 699 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 12/25/22 @ 100\* | 586 |
|  | 2947 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/22 @ 100\* | 2842 |
|  | 257705 | Master Alternative Loans Trust, Series 2004-3, Class 5A1, 6.50%, 3/25/34, Callable 12/25/22 @ 100\* | 252191 |
|  | 19091 | Master Alternative Loans Trust, Series 2004-1, Class 3A1, 7.00%, 1/25/34, Callable 12/25/22 @ 100\* | 18876 |
|  | 2765 | Master Alternative Loans Trust, Series 2004-3, Class 8A1, 7.00%, 4/25/34, Callable 12/25/22 @ 100\* | 2759 |
|  | 101 | Residential Accredit Loans, Inc., Series 2004-QS13, Class CB, 5.00%, 9/25/19, Callable 12/25/22 @ 100\* | 101 |
|  | 5570 | Residential Accredit Loans, Inc., Series 2004-QS6, Class A1, 5.00%, 5/25/19, Callable 12/25/22 @ 100\* | 5183 |
|  | 21840 | Residential Accredit Loans, Inc., Series 2006-QS6, Class 1A2, 6.00%, 6/25/36, Callable 12/25/22 @ 100\* | 17494 |
|  | 40571 | Residential Asset Securitization Trust, Series 2006-A9CB, Class A5, 6.00%, 9/25/36, Callable 3/25/24 @ 100\* | 13298 |
|  | 24586 | Residential Asset Securitization Trust, Series 2007-A5, Class 2A3, 6.00%, 5/25/37, Callable 12/25/22 @ 100\* | 14134 |
|  | 7678 | Wells Fargo Mortgage Backed Securities Trust, Series 2005-1, Class 2A3, 5.50%, 2/25/35, Callable 12/25/22 @ 100\* | 7455 |
|  |  |  | 492827 |
| Prime Adjustable Rate Mortgage Backed Securities (2.7%) | Prime Adjustable Rate Mortgage Backed Securities (2.7%) | Prime Adjustable Rate Mortgage Backed Securities (2.7%) |  |
|  | 234 | Adjustable Rate Mortgage Trust, Series 2005-1, Class 2A22, 3.34%, 5/25/35(b) | 232 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| Prime Adjustable Rate Mortgage Backed Securities, continued: | Prime Adjustable Rate Mortgage Backed Securities, continued: |  |
| $327920 | American Home Mortgage Investment Trust, Series 2006-2, Class 3A2, 6.70%, 6/25/36, Callable 12/25/22 @ 100\*(b)(c) | $55442 |
| 253437 | Banc of America Funding Corp., Series 2015-R3, Class 4A1, 4.17% (US0001M + 15 bps), 3/27/37(a) | 252161 |
| 4150 | Bank of America Mortgage Securities, Series 2006-A, Class 2A1, 2.84%, 2/25/36, Callable 12/25/22 @ 100\*(b) | 3661 |
| 3977 | Bank of America Mortgage Securities, Series 2004-E, Class 1A1, 3.31%, 6/25/34, Callable 12/25/22 @ 100\*(b) | 3593 |
| 2709 | Bank of America Mortgage Securities, Series 2006-B, Class 2A1, 3.87%, 11/20/46, Callable 12/20/22 @ 100\*(b) | 2374 |
| 4716 | Bank of America Mortgage Securities, Series 2003-H, Class 2A3, 4.05%, 9/25/33, Callable 12/25/22 @ 100\*(b) | 4296 |
| 4551 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-6, Class 1A1, 3.77%, 9/25/34, Callable 12/25/22 @ 100\*(b) | 4047 |
| 10429 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-4, Class 1A1, 4.13%, 10/25/36, Callable 12/25/22 @ 100\*(b) | 9074 |
| 2555 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2004-10, Class 15A1, 4.25%, 1/25/35, Callable 12/25/22 @ 100\*(b) | 2393 |
| 3385 | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1, 5.23% (H15T1Y + 230 bps), 10/25/35, Callable 12/25/22 @ 100\* | 3105 |
| 4185 | Bear Stearns Mortgage Securities, Inc., Series 1997-6, Class 1A, 6.43%, 3/25/31, Callable 12/25/22 @ 100\*(b) | 4113 |
| 8919 | Chase Mortgage Finance Corp., Series 2007-A2, Class 10A1, 3.72%, 7/25/37, Callable 12/25/22 @ 100\*(b) | 7331 |
| 4941 | Citigroup Mortgage Loan Trust, Inc., Series 2005-3, Class 2A2A, 3.84%, 8/25/35(b) | 4705 |
| 3217 | Countrywide Home Loans, Series 2003-60, Class 2A1, 2.12%, 2/25/34, Callable 12/25/22 @ 100\*(b) | 2910 |
| 220 | Countrywide Home Loans, Series 2003-42, Class 1A1, 3.99%, 9/25/33, Callable 12/25/22 @ 100\*(b) | 177 |
| 6624 | Countrywide Home Loans, Series 2003-58, Class 2A2, 4.11%, 2/19/34, Callable 12/19/22 @ 100\*(b) | 6288 |
| 23693 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-AR28, Class CB3, 3.41%, 11/25/32, Callable 12/25/22 @ 100\*(b) | 12666 |
| 19953 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-AR7, Class 2A1, 3.54%, 11/25/34, Callable 12/25/22 @ 100\*(b) | 19011 |
| 4899 | First Horizon Mortgage Pass-Through Trust, Series 2005-AR4, Class 2A1, 3.93%, 10/25/35, Callable 12/25/22 @ 100\*(b) | 4529 |
| 24308 | GMAC Mortgage Corp. Loan Trust, Series 2005-AR6, Class 3A1, 3.60%, 11/19/35, Callable 12/19/22 @ 100\*(b) | 19929 |

---

See notes to schedule of portfolio of investments.

**- 2 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Limited Duration Fund |
| **November 30, 2022 (Unaudited)**  | Continued |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |  |
| Prime Adjustable Rate Mortgage Backed Securities, continued: | Prime Adjustable Rate Mortgage Backed Securities, continued: |  |
| $4711 | GSR Mortgage Loan Trust, Series 2005-AR7, Class 2A1, 3.06%, 11/25/35, Callable 12/25/22 @ 100\*(b) | $4609 |
| 16095 | GSR Mortgage Loan Trust, Series 2005-AR2, Class 1A2, 3.19%, 4/25/35, Callable 12/25/22 @ 100\*(b) | 14491 |
| 59272 | Harborview Mortgage Loan Trust, Series 2004-10, Class 3A1B, 3.75%, 1/19/35, Callable 12/19/22 @ 100\*(b) | 51951 |
| 3060 | Harborview Mortgage Loan Trust, Series 2005-14, Class 3A1A, 3.88%, 12/19/35, Callable 12/19/22 @ 100\*(b) | 2850 |
| 18598 | Indymac Index Mortgage Loan Trust, Series 2006-AR13, Class A1, 3.33%, 7/25/36, Callable 12/25/22 @ 100\*(b) | 13831 |
| 31713 | Indymac Index Mortgage Loan Trust, Series 2006-AR19, Class 1A2, 3.39%, 8/25/36, Callable 12/25/22 @ 100\*(b) | 23740 |
| 8343 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 1A, 3.45%, 8/25/34, Callable 12/25/22 @ 100\*(b) | 7445 |
| 18861 | Indymac Index Mortgage Loan Trust, Series 2004-AR4, Class 3A, 3.76%, 8/25/34, Callable 12/25/22 @ 100\*(b) | 17207 |
| 1449 | JPMorgan Mortgage Trust, Series 2006-A5, Class 3A4, 3.52%, 8/25/36, Callable 12/25/22 @ 100\*(b) | 1177 |
| 463307 | LSTAR Securities Investment, Ltd., Series 2021-1, Class A, 5.92% (US0001M + 180 bps), 2/1/26, Callable 1/2/23 @ 100\*(a) | 458674 |
| 6224 | Merrill Lynch Mortgage Investors Trust, Series 2004-1, Class 2A2, 3.01%, 12/25/34, Callable 12/25/22 @ 100\*(b) | 5725 |
| 711 | Merrill Lynch Mortgage Investors Trust, Series 2004-A1, Class 2A2, 3.11%, 2/25/34, Callable 12/25/23 @ 100\*(b) | 646 |
| 7082 | Merrill Lynch Mortgage Investors Trust, Series 2004-A2, Class 1A, 3.73%, 7/25/34, Callable 6/25/25 @ 100\*(b) | 6522 |
| 1784 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 3A, 3.65%, 8/25/34, Callable 1/25/27 @ 100\*(b) | 1701 |
| 5000 | Morgan Stanley Mortgage Loan Trust, Series 2004-6AR, Class 2A2, 3.81%, 8/25/34, Callable 2/25/26 @ 100\*(b) | 4803 |
| 20299 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-18, Class 1A2, 3.52%, 12/25/34, Callable 12/25/22 @ 100\*(b) | 17668 |
| 2092 | Structured Adjustable Rate Mortgage Loan Trust, Series 2004-1, Class 3A1, 4.10%, 2/25/34, Callable 12/25/22 @ 100\*(b) | 1914 |
| 5638 | Structured Asset Mortgage Investments, Inc., Series 2005-AR7, Class 1A1, 3.06%, 12/27/35, Callable 12/25/22 @ 100\*(b) | 5658 |
| 9978 | Structured Asset Securities Corp., Series 2003-24A, Class 1A3, 3.77%, 7/25/33, Callable 12/25/22 @ 100\*(b) | 9551 |
| 3135 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR3, Class A2, 3.10%, 6/25/34, Callable 12/25/22 @ 100\*(b) | 2850 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |  |
| Prime Adjustable Rate Mortgage Backed Securities, continued: | Prime Adjustable Rate Mortgage Backed Securities, continued: | Prime Adjustable Rate Mortgage Backed Securities, continued: |  |
| $| 42020 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR14, Class 1A1, 3.33%, 11/25/36, Callable 12/25/22 @ 100\*(b) | $36658 |
|  | 1177 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR8, Class 1A1, 3.68%, 8/25/46, Callable 12/25/22 @ 100\*(b) | 1022 |
|  | 6571 | Washington Mutual Mortgage Pass-Through Certificates, Series 2006-AR10, Class 1A2, 3.74%, 9/25/36, Callable 12/25/22 @ 100\*(b) | 5858 |
|  | 3880 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-AR10, Class A1B, 4.86% (US0001M + 84 bps), 7/25/44, Callable 12/25/22 @ 100\* | 3426 |
|  |  |  | 1122014 |
| Prime Fixed Mortgage Backed Securities (11.8%) | Prime Fixed Mortgage Backed Securities (11.8%) | Prime Fixed Mortgage Backed Securities (11.8%) |  |
|  | 489711 | Angel Oak Mortgage Trust, Series 2021-5, Class A1, 0.95%, 7/25/66, Callable 9/25/23 @ 100\*(a)(b) | 382482 |
|  | 547417 | Angel Oak Mortgage Trust, Series 2019-6, Class A1, 2.62%, 11/25/59, Callable 12/25/22 @ 100\*(a)(b) | 516920 |
|  | 10128 | Citigroup Mortgage Loan Trust, Inc., Series 2003-1, Class WA2, 6.50%, 6/25/31, Callable 12/25/22 @ 100\* | 9681 |
|  | 61178 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 1CB2, 6.75%, 8/25/34, Callable 12/25/22 @ 100\* | 57050 |
|  | 10027 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM2, Class 2CB3, 8.00%, 8/25/34, Callable 12/25/22 @ 100\* | 9979 |
|  | 3445 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-7, Class 5A1, 5.00%, 10/25/19, Callable 12/25/22 @ 100\* | 3289 |
|  | 57421 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-23, Class 1A11, 6.00%, 10/25/33 | 52601 |
|  | 9163 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-8, Class 5A1, 6.50%, 4/25/33, Callable 12/25/22 @ 100\* | 8845 |
|  | 14973 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-1, Class 1A1, 7.00%, 2/25/33, Callable 12/25/22 @ 100\* | 14597 |
|  | 33785 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-10, Class 2B1, 7.50%, 5/25/32, Callable 12/25/22 @ 100\* | 9671 |
|  | 183625 | Credit Suisse First Boston Mortgage Securities Corp., Series 2002-34, Class 1A1, 7.50%, 12/25/32, Callable 12/25/22 @ 100\* | 185628 |
|  | 581613 | GS Mortgage-Backed Securities, Series 2022-PJ1, Class A8, 2.50%, 5/28/52, Callable 2/25/46 @ 100\*(a)(b) | 497370 |
|  | 435316 | GS Mortgage-Backed Securities Corp. Trust, Series 2019-PJ2, Class A8, 4.00%, 11/25/49, Callable 1/25/24 @ 100\*(a)(b) | 410370 |
|  | 16011 | GSR Mortgage Loan Trust, Series 2003-3F, Class 2A1, 4.50%, 4/25/33, Callable 12/25/22 @ 100\* | 14481 |
|  | 20210 | GSR Mortgage Loan Trust, Series 2005-8F, Class 3A4, 6.00%, 11/25/35, Callable 1/25/35 @ 100\* | 8691 |

---

See notes to schedule of portfolio of investments.

**- 3 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Limited Duration Fund |
| **November 30, 2022 (Unaudited)**  | Continued |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |  |
| Prime Fixed Mortgage Backed Securities, continued: | Prime Fixed Mortgage Backed Securities, continued: | Prime Fixed Mortgage Backed Securities, continued: |  |
| $| 543506 | JPMorgan Mortgage Trust, Series 2020-4, Class A3A, 2.50%, 11/25/50, Callable 1/25/30 @ 100\*(a)(b) | $441119 |
|  | 420836 | JPMorgan Mortgage Trust, Series 2017-2, Class A4, 3.00%, 5/25/47, Callable 12/25/32 @ 100\*(a)(b) | 349256 |
|  | 9211 | Lehman Mortgage Trust, Series 2005-3, Class 1A3, 5.50%, 1/25/36, Callable 12/25/22 @ 100\* | 4835 |
|  | 1550000 | NewRez Warehouse Securitization Trust, Series 2021-1, Class D, 5.44% (US0001M + 140 bps), 5/25/55, Callable 5/25/24 @ 100\*(a) | 1493175 |
|  | 4325 | Residential Funding Mortgage Securities I, Series 2005-S7, Class A1, 5.50%, 11/25/35, Callable 12/25/22 @ 100\* | 3389 |
|  | 12219 | Residential Funding Mortgage Securities I, Series 2003-S9, Class A1, 6.50%, 3/25/32, Callable 12/25/22 @ 100\* | 11599 |
|  | 58528 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/22 @ 100\* | 55364 |
|  | 342324 | Verus Securitization Trust, Series 2020-1, Class A1, 2.42%, 1/25/60, Callable 1/25/23 @ 100\*(a)(b) | 321301 |
|  |  |  | 4861693 |
| Subprime Mortgage Backed Securities (1.6%) | Subprime Mortgage Backed Securities (1.6%) | Subprime Mortgage Backed Securities (1.6%) |  |
|  | 109144 | Towd Point Mortgage Trust, Series 2017-1, Class A1, 2.75%, 10/25/56, Callable 11/25/23 @ 100\*(a)(b) | 107078 |
|  | 218596 | Towd Point Mortgage Trust, Series 2017-2, Class A1, 2.75%, 4/25/57, Callable 3/25/24 @ 100\*(a)(b) | 215264 |
|  | 352770 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 12/25/25 @ 100\*(a)(b) | 335215 |
|  |  |  | 657557 |
| U.S. Government Agency Mortgage Backed Securities (13.0%) | U.S. Government Agency Mortgage Backed Securities (13.0%) | U.S. Government Agency Mortgage Backed Securities (13.0%) |  |
|  | 149561 | Fannie Mae, Series 2013-68, Class 10A1, 1.00%, 3/25/42 | 123614 |
|  | 11320 | Fannie Mae, 1.67% (US0012M + 133 bps), 1/1/35, Pool #805386 | 11175 |
|  | 41111 | Fannie Mae, Series 2012-31, Class PA, 2.00%, 4/25/41 | 39562 |
|  | 34415 | Fannie Mae, Series 2012-96, Class PD, 2.00%, 7/25/41 | 33796 |
|  | 128000 | Fannie Mae, Series 2013-18, Class 10A1, 2.00%, 12/25/42 | 112669 |
|  | 1 | Fannie Mae, 2.08% (H15T1Y + 195 bps), 12/1/22, Pool #303247 | 1 |
|  | 85089 | Fannie Mae, Series 2013-73, Class 10A1, 2.25%, 6/25/42 | 77930 |
|  | 84952 | Fannie Mae, Series 2013-74, Class 10A1, 2.25%, 6/25/42(b) | 80106 |
|  | 63114 | Fannie Mae, Series 2011-118, Class 10A1, 3.00%, 11/25/41 | 58491 |
|  | 125522 | Fannie Mae, Series 2014-1, Class AB, 3.00%, 6/25/43 | 119161 |
|  | 467904 | Fannie Mae, Series 2018-83, Class LC, 3.00%, 11/25/48 | 428081 |
|  | 582 | Fannie Mae, 3.70% (H15T1Y + 222 bps), 6/1/32, Pool #725286 | 575 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |  |
| U.S. Government Agency Mortgage Backed Securities, continued: | U.S. Government Agency Mortgage Backed Securities, continued: |  |
| $576716 | Fannie Mae, Series 2003-W14, Class 2A, 4.00%, 1/25/43, Callable 12/25/22 @ 100\*(b) | $535756 |
| 21701 | Fannie Mae, 4.29% (H15T1Y + 229 bps), 2/1/30, Pool #556998 | 21355 |
| 353856 | Fannie Mae, Series 2003-W16, Class AF5, 4.40%, 11/25/33, Callable 12/25/22 @ 100\*(b)(c) | 339090 |
| 2094 | Fannie Mae, Series 2001-W4, Class AF6, 5.11%, 1/25/32, Callable 12/25/22 @ 100\*(b)(c) | 2094 |
| 4394 | Fannie Mae, Series 2001-W2, Class AF6, 6.09%, 10/25/31, Callable 12/25/22 @ 100\*(b)(c) | 4419 |
| 5762 | Fannie Mae, Series 2001-W1, Class AF6, 6.40%, 7/25/31, Callable 12/25/22 @ 100\*(b)(c) | 6110 |
| 1000 | Fannie Mae, Series 1996-42, Class LL, 7.50%, 9/25/26 | 1009 |
| 744166 | Fannie Mae Grantor Trust, Series 2003-T4, Class 2A5, 4.45%, 9/26/33, Callable 12/26/22 @ 100\*(b)(c) | 718239 |
| 876313 | Fannie Mae REMIC Trust, Series 2004-W10, Class A6, 5.75%, 8/25/34, Callable 12/25/22 @ 100\* | 880498 |
| 46656 | Freddie Mac, Series 4146, Class 10A1, 1.50%, 10/15/42 | 44510 |
| 381677 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 361724 |
| 61469 | Freddie Mac, Series 3982, Class MD, 2.00%, 5/15/39 | 58827 |
| 124588 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 113414 |
| 187272 | Freddie Mac, Series 4272, Class YG, 2.00%, 11/15/26 | 182721 |
| 106499 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 102078 |
| 374702 | Freddie Mac, Series 4374, Class GA, 3.00%, 9/15/36 | 351082 |
| 265449 | Freddie Mac, Series T-67, Class 1A1C, 3.40%, 3/25/36, Callable 12/25/22 @ 100\*(b) | 264377 |
| 2737 | Freddie Mac, 3.85% (US0006M + 152 bps), 4/1/36, Pool #1N0148 | 2761 |
| 2142 | Freddie Mac, 4.00%, 9/1/33, Pool #N31025 | 2094 |
| 1122 | Government National Mortgage Assoc., 1.75% (H15T1Y + 150 bps), 12/20/27, Pool #80141 | 1097 |
| 3959 | Government National Mortgage Assoc., 1.75% (H15T1Y + 150 bps), 11/20/29, Pool #876947 | 3790 |
| 321250 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 285792 |
| 22 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/23, Pool #8123 | 22 |
| 781 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/25, Pool #8580 | 772 |
| 1237 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 1/20/25, Pool #8585 | 1223 |
| 575 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 3/20/26, Pool #8832 | 561 |
| 1110 | Government National Mortgage Assoc., 2.63% (H15T1Y + 150 bps), 3/20/29, Pool #80263 | 1078 |
| 6341 | Government National Mortgage Assoc., 2.88% (H15T1Y + 150 bps), 5/20/34, Pool #80916 | 6216 |
| 59 | Government National Mortgage Assoc., 6.50%, 12/15/25, Pool #414856 | 61 |

---

See notes to schedule of portfolio of investments.

**- 4 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Limited Duration Fund |
| **November 30, 2022 (Unaudited)**  | Continued |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |  |
| U.S. Government Agency Mortgage Backed Securities, continued: | U.S. Government Agency Mortgage Backed Securities, continued: |  |
| 16 | Government National Mortgage Assoc., 7.00%, 4/20/24, Pool #1655 | $16 |
| 20 | Government National Mortgage Assoc., 7.00%, 11/20/26, Pool #2320 | 20 |
| 77 | Government National Mortgage Assoc., 7.50%, 3/15/24, Pool #376439 | 77 |
|  |  | 5378044 |
| Total Mortgage Backed Securities (Cost $14,316,599) | Total Mortgage Backed Securities (Cost $14,316,599) | 12865634 |
| **Corporate Bonds (13.4%)** | **Corporate Bonds (13.4%)** |  |
| Aerospace & Defense (2.3%) | Aerospace & Defense (2.3%) |  |
| 920000 | Boeing Co. (The), 7.95%, 8/15/24 | 951057 |
| Banks (2.7%) | Banks (2.7%) |  |
| 1057740 | Southtrust Bank/Georgia, 7.74%, 5/15/25 | 1113115 |
| Capital Markets (2.5%) | Capital Markets (2.5%) |  |
| 1116000 | Goldman Sachs Group, Inc. (The), 1.30%, 11/15/24, Callable 2/15/23 @ 100\* | 1029019 |
| 2000000 | Lehman Brothers Holdings, Inc., 6.00%, 7/19/12, MTN (d) | 7000 |
|  |  | 1036019 |
| Insurance (1.5%) | Insurance (1.5%) |  |
| 670000 | Athene Global Funding, 1.72%, 1/7/25 (a) | 620035 |
| IT Services (2.6%) | IT Services (2.6%) |  |
| 1206000 | Western Union Co. (The), 1.35%, 3/15/26, Callable 2/15/26 @ 100\* | 1050311 |
| Tobacco (1.8%) | Tobacco (1.8%) |  |
| 806000 | BAT Capital Corp., 3.22%, 9/6/26, Callable 6/7/26 @ 100\* | 746356 |
| Total Corporate Bonds (Cost $7,105,732) | Total Corporate Bonds (Cost $7,105,732) | 5516893 |
| **Taxable Municipal Bonds (3.0%)** | **Taxable Municipal Bonds (3.0%)** |  |
| Georgia (2.4%) | Georgia (2.4%) |  |
| 985000 | State of Georgia, Build America Bonds, GO, Series H, 4.50%, 11/1/25 | 988444 |
| Pennsylvania (0.6%) | Pennsylvania (0.6%) |  |
| 250000 | Philadelphia Authority for Industrial Development Revenue, 3.96%, 4/15/26 | 245867 |
| Total Taxable Municipal Bonds (Cost $1,284,460) | Total Taxable Municipal Bonds (Cost $1,284,460) | 1234311 |
| **U.S. Government Agency Securities (6.4%)** | **U.S. Government Agency Securities (6.4%)** |  |
| Federal Farm Credit Banks | Federal Farm Credit Banks |  |
| 1000000 | 1.23%, 9/10/29, Callable 12/15/22 @ 100\* | 802110 |
| 400000 | 3.83% (SOFR + 2 bps), 7/13/23 | 399989 |
| 475000 | 3.86% (SOFR + 5 bps), 2/13/24 | 475004 |
| 350000 | 3.87% (SOFR + 6 bps), 10/8/24 | 349696 |
|  |  | 2026799 |
| Federal Home Loan Banks | Federal Home Loan Banks |  |
| 35000 | 0.90%, 8/27/26, Callable 2/27/23 @ 100\* | 30903 |
| 370000 | 1.00%, 6/30/25, Callable 12/30/22 @ 100\*(b) | 344351 |
| 249000 | 3.63%, 7/26/24, Callable 1/26/23 @ 100\* | 243693 |
|  |  | 618947 |
| Total U.S. Government Agency Securities (Cost $2,875,639) | Total U.S. Government Agency Securities (Cost $2,875,639) | 2645746 |
| **U.S. Treasury Obligations (7.5%)** | **U.S. Treasury Obligations (7.5%)** |  |
| U.S. Treasury Notes | U.S. Treasury Notes |  |
| 942000 | 4.13%, 9/30/27 | 952082 |
| 2161000 | 4.25%, 9/30/24 | 2153065 |
| Total U.S. Treasury Obligations (Cost $3,106,274) | Total U.S. Treasury Obligations (Cost $3,106,274) | 3105147 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Investment in Affiliates (5.0%)** | **Investment in Affiliates (5.0%)** |  |
| 2054307 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(e) | $2054307 |
| Total Investment in Affiliates (Cost $2,054,307) | Total Investment in Affiliates (Cost $2,054,307) | 2054307 |
| Total Investments (Cost $46,197,036) — 99.6% | Total Investments (Cost $46,197,036) — 99.6% | 41161174 |
| Other assets in excess of liabilities — 0.4% | Other assets in excess of liabilities — 0.4% | 162409 |
| Net Assets - 100.0% | Net Assets - 100.0% | $41323583 |

---

See notes to schedule of portfolio of investments.

**- 5 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Limited Duration Fund |
| **November 30, 2022 (Unaudited)**  | Concluded |

---

(a) Represents
 a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration
 under the Securities Act of 1933, as amended. The security has been deemed liquid according
 to the policies and procedures adopted by the Board of Trustees.

(b) The
 rate for certain asset-backed and mortgage-backed securities may vary based on factors relating
 to the pool of assets underlying the security. The rate presented is the rate in effect at
 November 30, 2022.

(c) Step
 Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate
 at a specified date. The rate shown is the rate in effect at November 30, 2022.

(d) Issuer
 has defaulted on the payment of interest.

(e) Money
 market investment. The rate presented on the Schedule of Portfolio Investments is the rate
 in effect at November 30, 2022.

\* Represents next call date. Additional subsequent call dates and amounts may apply to this security.

† Mortgage
 backed securities are classified based on the characteristics of their underlying collateral,
 the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors.
 The fixed or variable rate nature of securities interest payments to which the fund is entitled
 may not coincide with the payment nature of the collateral underlying the securities.

---

| | |
|:---|:---|
| 12MTA | 12 Month Treasury Average |
| GO | General Obligation |
| H15T1Y | 1 Year Treasury Constant Maturity Rate |
| LIBOR | London Interbank Offered Rate |
| MTN | Medium Term Note |
| REMIC | Real Estate Mortgage Investment Conduits |
| SOFR | Secured Overnight Financing Rate |
| US0001M | 1 Month US Dollar LIBOR |
| US0006M | 6 Month US Dollar LIBOR |
| US0012M | 12 Month US Dollar LIBOR |

---

See notes to schedule of portfolio of investments.

**- 6 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Asset Backed Securities (18.0%)** | **Asset Backed Securities (18.0%)** |  |
| $308867 | CLI Funding VI LLC, Series 2020-3A, Class A, 2.07%, 10/18/45(a) | $265560 |
| 115600 | CLI Funding VIII LLC, Series 2022-1A, Class A1, 2.72%, 1/18/47(a) | 96945 |
| 247500 | DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @ 100\*(a) | 212014 |
| 270875 | Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25 @ 100\*(a) | 221656 |
| 280000 | Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100\*(a) | 243126 |
| 250000 | Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100\*(a) | 223938 |
| 286807 | Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45(a) | 264714 |
| 145725 | MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 9/20/25 @ 100\*(a) | 137409 |
| 250000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100\*(a) | 232895 |
| 231433 | Textainer Marine Containers VII, Ltd., Series 2A, Class A, 2.23%, 4/20/46, Callable 4/20/23 @ 100\*(a) | 196102 |
| 300000 | Vantage Data Centers LLC, Series 2020-1A, Class A2, 1.65%, 9/15/45, Callable 9/15/23 @ 100\*(a) | 261381 |
| 232538 | VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100\*(a) | 204630 |
| 228125 | Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100\*(a) | 209098 |
| 146547 | Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100\*(a) | 106715 |
| Total Asset Backed Securities (Cost $3,313,065) | Total Asset Backed Securities (Cost $3,313,065) | 2876183 |

---

---

| | | |
|:---|:---|:---|
| **Mortgage Backed Securities† (13.5%)** | **Mortgage Backed Securities† (13.5%)** | **Mortgage Backed Securities† (13.5%)** |
| Alt-A - Fixed Rate Mortgage Backed Securities (1.5%) | Alt-A - Fixed Rate Mortgage Backed Securities (1.5%) | Alt-A - Fixed Rate Mortgage Backed Securities (1.5%) |
| 44410 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/22 @ 100\* | 30776 |
| 2637 | Countrywide Alternative Loan Trust, Series 2005-3CB, Class 1A4, 5.25%, 3/25/35, Callable 12/25/22 @ 100\* | 2208 |
| 7814 | Countrywide Alternative Loan Trust, Series 2004-5CB, Class 1A1, 6.00%, 5/25/34, Callable 12/25/22 @ 100\* | 7605 |
| 62032 | Countrywide Alternative Loan Trust, Series 2006-J8, Class A2, 6.00%, 2/25/37, Callable 12/25/22 @ 100\* | 27977 |
| 6437 | Master Alternative Loans Trust, Series 2004-1, Class 4A1, 5.50%, 2/25/34, Callable 12/25/22 @ 100\* | 6034 |
| 3768 | Master Alternative Loans Trust, Series 2004-13, Class 12A1, 5.50%, 12/25/19, Callable 12/25/22 @ 100\* | 2663 |
| 6839 | Master Alternative Loans Trust, Series 2004-4, Class 1A1, 5.50%, 5/25/34, Callable 12/25/22 @ 100\* | 6461 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: |  |
| $| 147 | Master Alternative Loans Trust, Series 2005-1, Class 5A1, 5.50%, 1/25/20, Callable 12/25/22 @ 100\* | $123 |
|  | 12871 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/22 @ 100\* | 11895 |
|  | 6434 | Master Alternative Loans Trust, Series 2003-7, Class 6A1, 6.50%, 12/25/33, Callable 12/25/22 @ 100\* | 6255 |
|  | 11254 | Master Alternative Loans Trust, Series 2004-4, Class 8A1, 6.50%, 5/25/34, Callable 12/25/22 @ 100\* | 10588 |
|  | 20782 | Master Alternative Loans Trust, Series 2004-6, Class 6A1, 6.50%, 7/25/34, Callable 12/25/22 @ 100\* | 19655 |
|  | 380 | Nomura Asset Acceptance Corp., Series 2005-WF1, Class 2A5, 5.66%, 3/25/35, Callable 12/25/22 @ 100\*(b)(c) | 367 |
|  | 31906 | Ocwen Residential MBS Corp., Series 1998-R1, Class B1, 3.02%, 10/25/40, Callable 12/25/22 @ 100\*(a)(b) | 20990 |
|  | 2 | Residential Accredit Loans, Inc., Series 2003-QS18, Class A1, 5.00%, 9/25/18, Callable 12/25/22 @ 100\* | 2 |
|  | 20948 | Residential Accredit Loans, Inc., Series 2006-QS12, Class 1A2, 6.50%, 9/25/36, Callable 12/25/22 @ 100\* | 9921 |
|  | 33909 | Residential Asset Securitization Trust, Series 2005-A14, Class A5, 5.50%, 12/25/35, Callable 12/25/22 @ 100\* | 17105 |
|  | 40022 | Residential Asset Securitization Trust, Series 2006-A8, Class 1A1, 6.00%, 8/25/36, Callable 12/25/22 @ 100\* | 26198 |
|  | 30917 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-6, Class 1CB, 6.50%, 8/25/35, Callable 12/25/22 @ 100\* | 26487 |
|  |  |  | 233310 |
| Prime Adjustable Rate Mortgage Backed Securities (2.8%) | Prime Adjustable Rate Mortgage Backed Securities (2.8%) | Prime Adjustable Rate Mortgage Backed Securities (2.8%) |  |
|  | 4227 | Banc of America Funding Trust, Series 2004-B, Class 5A1, 4.08%, 11/20/34, Callable 12/20/22 @ 100\*(b) | 3991 |
|  | 2652 | Bear Stearns ARM Trust, Series 2004-9, Class 12A3, 3.84%, 11/25/34, Callable 12/25/22 @ 100\*(b) | 2634 |
|  | 1123 | Bear Stearns ARM Trust, Series 2003-7, Class 4A, 3.92%, 10/25/33, Callable 12/25/22 @ 100\*(b) | 1119 |
|  | 10052 | CHL Mortgage Pass-Through Trust, Series 2004-2, Class 2A1, 2.75%, 2/25/34, Callable 12/25/22 @ 100\*(b) | 8534 |
|  | 9017 | HomeBanc Mortgage Trust, Series 2006-1, Class 1A1, 2.72%, 4/25/37, Callable 12/25/22 @ 100\*(b) | 7307 |
|  | 2600 | JPMorgan Mortgage Trust, Series 2006-A2, Class 2A1, 3.03% (US0003M + 101 bps), 4/25/36, Callable 12/25/22 @ 100\* | 2198 |
|  | 15500 | JPMorgan Mortgage Trust, Series 2005-A1, Class 3A4, 3.53%, 2/25/35, Callable 12/25/22 @ 100\*(b) | 14390 |
|  | 13854 | JPMorgan Mortgage Trust, Series 2006-A6, Class 1A4L, 3.64%, 10/25/36, Callable 12/25/22 @ 100\*(b) | 10362 |

---

See notes to schedule of portfolio of investments.

**- 7 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | Continued |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| Prime Adjustable Rate Mortgage Backed Securities, continued: | Prime Adjustable Rate Mortgage Backed Securities, continued: | Prime Adjustable Rate Mortgage Backed Securities, continued: |  |
| $| 170886 | JPMorgan Mortgage Trust, Series 2005-A6, Class 3A3, 4.18%, 9/25/35, Callable 12/25/22 @ 100\*(b) | $151041 |
|  | 149917 | LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 7.62% (US0001M + 350 bps), 5/1/24(a) | 148418 |
|  | 113362 | WinWater Mortgage Loan Trust, Series 2014-1, Class A1, 3.91%, 6/20/44, Callable 12/20/22 @ 100\*(a)(b) | 105022 |
|  |  |  | 455016 |
| Prime Fixed Mortgage Backed Securities (4.2%) | Prime Fixed Mortgage Backed Securities (4.2%) | Prime Fixed Mortgage Backed Securities (4.2%) |  |
|  | 2044 | American Home Mortgage Investment Trust, Series 2005-2, Class 5A1, 5.56%, 9/25/35, Callable 12/25/22 @ 100\*(b)(c) | 1710 |
|  | 70392 | Angel Oak Mortgage Trust, Series 2019-5, Class A1, 2.59%, 10/25/49, Callable 12/25/22 @ 100\*(a)(b) | 65975 |
|  | 12205 | Chase Mortgage Finance Corp., Series 2007-S2, Class 2A1, 5.50%, 3/25/37, Callable 12/25/22 @ 100\* | 1030 |
|  | 5318 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 | 5063 |
|  | 5048 | Citigroup Mortgage Loan Trust, Inc., Series 2004-NCM1, Class 1A3, 6.75%, 7/25/34, Callable 12/25/22 @ 100\* | 4794 |
|  | 372 | Countrywide Home Loans, Series 2004-J6, Class 1A2, 5.25%, 8/25/24, Callable 12/25/22 @ 100\* | 365 |
|  | 6541 | Countrywide Home Loans, Series 2005-29, Class A1, 5.75%, 12/25/35, Callable 12/25/22 @ 100\* | 3445 |
|  | 4015 | Credit Suisse First Boston Mortgage Securities Corp., Series 2004-1, Class 4A1, 5.00%, 2/25/19, Callable 12/25/22 @ 100\* | 3638 |
|  | 10064 | Credit Suisse First Boston Mortgage Securities Corp., Series 2003-27, Class 8A1, 6.00%, 11/25/33, Callable 12/25/22 @ 100\* | 9472 |
|  | 214496 | Flagstar Mortgage Trust, Series 2021-4, Class A5, 2.50%, 6/1/51, Callable 12/25/41 @ 100\*(a) (b) | 183294 |
|  | 11781 | Galton Funding Mortgage Trust, Series 2017-1, Class A21, 3.50%, 7/25/56, Callable 3/25/26 @ 100\*(a)(b) | 10875 |
|  | 124952 | GS Mortgage-Backed Securities Corp. Trust, Series 2020-PJ3, Class A14, 3.00%, 10/25/50, Callable 12/25/43 @ 100\*(a)(b) | 103811 |
|  | 132987 | GSR Mortgage Loan Trust, Series 2004-13F, Class 2A1, 4.25%, 11/25/34, Callable 12/25/22 @ 100\* | 121571 |
|  | 96 | GSR Mortgage Loan Trust, Series 2004-10F, Class 2A4, 5.00%, 8/25/19, Callable 12/25/22 @ 100\* | 95 |
|  | 446 | GSR Mortgage Loan Trust, Series 2003-2F, Class 3A1, 6.00%, 3/25/32, Callable 12/25/22 @ 100\* | 420 |
|  | 1007 | Prime Mortgage Trust, Series 2004-CL1, Class 1A1, 6.00%, 2/25/34, Callable 12/25/22 @ 100\* | 964 |
|  | 20341 | RAMP Trust, Series 2005-SL2, Class A3, 7.00%, 2/25/32, Callable 1/25/29 @ 100\* | 16021 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| Prime Fixed Mortgage Backed Securities, continued: | Prime Fixed Mortgage Backed Securities, continued: | Prime Fixed Mortgage Backed Securities, continued: |  |
| $| 7262 | Structured Asset Mortgage Investments, Inc., Series 1999-2, Class 3A, 6.75%, 5/25/29, Callable 12/25/22 @ 100\* | $6869 |
|  | 42 | Structured Asset Securities Corp., Series 1997-2, Class 2A4, 7.25%, 3/28/30, Callable 12/28/22 @ 100\* | 40 |
|  | 676 | Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S11, Class 1A, 5.00%, 11/25/33, Callable 12/25/22 @ 100\* | 641 |
|  | 239 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 2/25/23 @ 100\* | 229 |
|  | 153412 | Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 8/25/38 @ 100\*(a)(b) | 131191 |
|  |  |  | 671513 |
| Subprime Mortgage Backed Securities (0.7%) | Subprime Mortgage Backed Securities (0.7%) | Subprime Mortgage Backed Securities (0.7%) |  |
|  | 32413 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 2/25/25 @ 100\*(a)(b) | 31155 |
|  | 85011 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 10/25/26 @ 100\*(a)(b) | 81052 |
|  |  |  | 112207 |
| U.S. Government Agency Mortgage Backed Securities (4.3%) | U.S. Government Agency Mortgage Backed Securities (4.3%) | U.S. Government Agency Mortgage Backed Securities (4.3%) |  |
|  | 1715 | Fannie Mae, 2.11% (US0012M + 186 bps), 1/1/37, Pool #906675 | 1672 |
|  | 56969 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 53108 |
|  | 51971 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 47548 |
|  | 25466 | Fannie Mae, Series 2015-12, Class PC, 2.50%, 7/25/44 | 24344 |
|  | 107322 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 98215 |
|  | 103507 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30 | 100720 |
|  | 1365 | Fannie Mae, 3.88% (US0012M + 163 bps), 9/1/33, Pool #739372 | 1342 |
|  | 82 | Fannie Mae, 6.00%, 4/1/35, Pool #735503 | 85 |
|  | 557 | Fannie Mae, Series 2001-55, Class PC, 6.50%, 10/25/31 | 574 |
|  | 8516 | Fannie Mae, Series 2003-W2, Class 1A2, 7.00%, 7/25/42, Callable 12/25/22 @ 100\* | 8953 |
|  | 304 | Fannie Mae, Series 2002-T1, Class A3, 7.50%, 11/25/31, Callable 12/25/22 @ 100\* | 318 |
|  | 53413 | Freddie Mac, Series 4220, Class KC, 1.50%, 5/15/32 | 50620 |
|  | 29660 | Freddie Mac, Series 4076, Class QC, 2.00%, 11/15/41 | 28136 |
|  | 44361 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 42232 |
|  | 170210 | Freddie Mac, Series 3908, Class B, 2.50%, 6/15/39 | 153647 |
|  | 6532 | Freddie Mac, 5.37% (H15T1Y + 225 bps), 8/1/34, Pool #755230 | 6365 |
|  | 230 | Freddie Mac, Series 1714, Class K, 7.00%, 4/15/24, Callable 1/15/23 @ 100\* | 230 |
|  | 515 | Freddie Mac, Series 1904, Class D, 7.50%, 10/15/26, Callable 1/15/23 @ 100\* | 525 |

---

See notes to schedule of portfolio of investments.

**- 8 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | Continued |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| U.S. Government Agency Mortgage Backed Securities, continued: | U.S. Government Agency Mortgage Backed Securities, continued: |  |
| 68839 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | $61241 |
| 3094 | Government National Mortgage Assoc., Series 2010-98, Class MG, 3.00%, 8/20/39 | 3082 |
| 3233 | Government National Mortgage Assoc., 7.00%, 3/15/26, Pool #419128 | 3232 |
| 36 | Government National Mortgage Assoc., 7.00%, 3/20/27, Pool #2394 | 37 |
| 53 | Government National Mortgage Assoc., 8.00%, 10/20/24, Pool #1884 | 54 |
| 26 | Government National Mortgage Assoc., 8.00%, 2/20/26, Pool #2171 | 27 |
| 594 | Government National Mortgage Assoc., 8.00%, 4/20/26, Pool #2205 | 600 |
| 2100 | Government National Mortgage Assoc., 8.00%, 5/20/26, Pool #2219 | 2133 |
|  |  | 689040 |
| Total Mortgage Backed Securities (Cost $2,435,758) | Total Mortgage Backed Securities (Cost $2,435,758) | 2161086 |
| **Corporate Bonds (24.1%)** | **Corporate Bonds (24.1%)** |  |
| Aerospace & Defense (1.3%) | Aerospace & Defense (1.3%) |  |
| 225000 | Boeing Co. (The), 3.25%, 2/1/28, Callable 1/12/27 @ 100\* | 205034 |
| Airlines (1.3%) | Airlines (1.3%) |  |
| 205500 | United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27 | 202904 |
| Banks (2.8%) | Banks (2.8%) |  |
| 310000 | Bank of America Corp., 1.90% (SOFR + 153 bps), 7/23/31, Callable 7/23/30 @ 100, MTN \* | 240896 |
| 250000 | Wells Fargo & Co., 2.88% (TSFR3M + 143 bps), 10/30/30, Callable 10/30/29 @ 100, MTN \* | 214364 |
|  |  | 455260 |
| Capital Markets (1.7%) | Capital Markets (1.7%) |  |
| 290000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 \* | 275446 |
| Diversified Telecommunication Services (1.8%) | Diversified Telecommunication Services (1.8%) |  |
| 310000 | AT&T, Inc., 4.35%, 3/1/29, Callable 1/12/28 @ 100 \* | 296580 |
| Electric Utilities (1.6%) | Electric Utilities (1.6%) |  |
| 275000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 1/9/27 @ 100 \* | 250093 |
| Electrical Equipment (1.3%) | Electrical Equipment (1.3%) |  |
| 250000 | Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100 \* | 204266 |
| Financial Services (0.3%) | Financial Services (0.3%) |  |
| 43371 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 43313 |
| Food Products (1.7%) | Food Products (1.7%) |  |
| 300000 | Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 \*(a) | 269883 |
| Health Care Providers & Services (3.3%) | Health Care Providers & Services (3.3%) |  |
| 225000 | Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 \* | 194313 |
| 370000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 \* | 341947 |
|  |  | 536260 |
| Hotels, Restaurants & Leisure (1.0%) | Hotels, Restaurants & Leisure (1.0%) |  |
| 180000 | Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 \* | 164412 |
| Household Durables (2.4%) | Household Durables (2.4%) |  |
| 400000 | Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 \* | 391146 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Corporate Bonds, continued:** | **Corporate Bonds, continued:** | |
| Insurance (1.8%) | Insurance (1.8%) |  |
| $300000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | $286255 |
| Semiconductors & Semiconductor Equipment (1.8%) | Semiconductors & Semiconductor Equipment (1.8%) |  |
| 24000 | Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 \*(a) | 17389 |
| 301000 | Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 \* | 269465 |
|  |  | 286854 |
| Total Corporate Bonds (Cost $4,450,386) | Total Corporate Bonds (Cost $4,450,386) | 3867706 |
| **Taxable Municipal Bonds (7.7%)** | **Taxable Municipal Bonds (7.7%)** |  |
| Arizona (1.5%) | Arizona (1.5%) |  |
| 250000 | City of Glendale Arizona, Certificate participation, 0.90%, 7/1/24 | 234775 |
| Colorado (1.7%) | Colorado (1.7%) |  |
| 150000 | Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 0.86%, 11/1/23, GNMA: GOV. NATL MTGE ASSOCIATION | 144331 |
| 150000 | Colorado Housing and Finance Authority Revenue, Series I-1, Class I, 1.11%, 5/1/25, GNMA: GOV. NATL MTGE ASSOCIATION | 137527 |
|  |  | 281858 |
| New York (1.7%) | New York (1.7%) |  |
| 300000 | New York City Housing Development Corp. Revenue, Series L, 2.84%, 11/1/28, Continuously Callable @ 100 | 270716 |
| Rhode Island (2.4%) | Rhode Island (2.4%) |  |
| 400000 | Rhode Island Convention Center Authority Revenue, 3.15%, 5/15/25 | 383149 |
| Wisconsin (0.4%) | Wisconsin (0.4%) |  |
| 65000 | Public Financial Authority Revenue, 4.45%, 10/1/25, Insured by: AGC(a) | 64198 |
| Total Taxable Municipal Bonds (Cost $1,316,154) | Total Taxable Municipal Bonds (Cost $1,316,154) | 1234696 |
| **U.S. Government Agency Securities (7.4%)** | **U.S. Government Agency Securities (7.4%)** |  |
| Federal Farm Credit Banks | Federal Farm Credit Banks |  |
| 240000 | 1.32%, 9/9/30, Callable 12/15/22 @ 100 \* | 192389 |
| 250000 | 2.32%, 1/26/32, Callable 1/26/23 @ 100 \* | 210182 |
|  |  | 402571 |
| Federal Home Loan Banks | Federal Home Loan Banks |  |
| 250000 | 0.88%, 8/16/28, Callable 2/16/23 @ 100 \*(b) | 216103 |
| 220000 | 1.25%, 3/17/31, Callable 12/17/22 @ 100 \*(b) | 183505 |
| 200000 | 1.38%, 10/28/31, Callable 1/28/23 @ 100 \*(b) | 164229 |
| 225000 | 2.50%, 4/25/25, Callable 1/25/23 @ 100 \*(b) | 219827 |
|  |  | 783664 |
| Total U.S. Government Agency Securities (Cost $1,271,423) | Total U.S. Government Agency Securities (Cost $1,271,423) | 1186235 |
| **U.S. Treasury Obligations (27.7%)** | **U.S. Treasury Obligations (27.7%)** |  |
| U.S. Treasury Notes | U.S. Treasury Notes |  |
| 400000 | 3.13%, 8/31/29 | 383938 |
| 899000 | 4.13%, 9/30/27 | 908622 |
| 1224000 | 4.13%, 11/15/32 | 1266840 |
| 1881000 | 4.25%, 9/30/24 | 1874093 |
| Total U.S. Treasury Obligations (Cost $4,428,767) | Total U.S. Treasury Obligations (Cost $4,428,767) | 4433493 |

---

See notes to schedule of portfolio of investments.

**- 9 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Moderate Duration Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Investment in Affiliates (10.4%)** | **Investment in Affiliates (10.4%)** | |
| 1670873 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(d) | $1670873 |
| Total Investment in Affiliates (Cost $1,670,873) | Total Investment in Affiliates (Cost $1,670,873) | 1670873 |

---

---

| | |
|:---|:---|
| Total Investments (Cost $18,886,426) — 108.8% | 17430272 |
| Liabilities in excess of other assets — (8.8)% | (1403279) |
| Net Assets -100.0% | $16026993 |

---

---

| | |
|:---|:---|
| (a) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
| (b) | The rate for certain asset-backed and mortgage-backed securities may vary based on factors relating to the pool of assets underlying the security. The rate presented is the rate in effect at November 30, 2022. |
| (c) | Step Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate at a specified date. The rate shown is the rate in effect at November 30, 2022. |
| (d) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022. |
| \* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
| † | Mortgage backed securities are classified based on the characteristics of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the collateral underlying the securities. |

---

---

| | |
|:---|:---|
| AGC | Assured Guaranty Corporation |
| GNMA | Government National Mortgage Association |
| H15T1Y | 1 Year Treasury Constant Maturity Rate |
| LIBOR | London Interbank Offered Rate |
| MTN | Medium Term Note |
| SOFR | Secured Overnight Financing Rate |
| US0001M | 1 Month US Dollar LIBOR |
| US0003M | 3 Month US Dollar LIBOR |
| US0012M | 12 Month US Dollar LIBOR |

---

See notes to schedule of portfolio of investments.

**- 10 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Bond Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Asset Backed Securities (13.5%)** | **Asset Backed Securities (13.5%)** |  |
| $825000 | Aligned Data Centers Issuer LLC, Series 2021-1A, Class A2, 1.94%, 8/15/46, Callable 8/15/24 @ 100\*(a) | $696143 |
| 17033 | Bear Stearns Asset Backed Securities, Inc., Series 2003-AC7, Class A1, 5.50%, 1/25/34, Callable 12/25/22 @ 100\*(b)(c) | 14184 |
| 490105 | BRE Grand Islander Timeshare Issuer LLC, Series 2019-A, Class B, 3.78%, 9/26/33, Callable 5/25/26 @ 100\*(a) | 458512 |
| 1100000 | CoreVest American Finance Trust, Series 2021-2,Class B, 2.38%, 7/15/54, Callable 7/15/31 @ 100\*(a) | 832884 |
| 990000 | DB Master Finance LLC, Series 2021-1A, Class A2I, 2.05%, 11/20/51, Callable 5/20/24 @100\*(a) | 848056 |
| 98500 | Domino's Pizza Master Issuer LLC, Series 2021-1A, Class A2I, 2.66%, 4/25/51, Callable 10/25/25@100\*(a) | 80602 |
| 1490000 | Flexential Issuer, Series 2021-1A, Class A2, 3.25%, 11/27/51, Callable 11/25/25 @ 100\*(a) | 1293777 |
| 1500000 | Hi-Fi Music Ip Issuer II L.P, Series 2022-1A, Class A2, 3.94%, 2/1/62, Callable 1/2/23 @ 100\*(a) | 1343629 |
| 968035 | Horizon Aircraft Finance III, Ltd., Series 2019-2, Class A, 3.43%, 11/15/39(a) | 740717 |
| 664875 | Jack In The Box Funding LLC, Series 2022-1A, Class A2I, 3.45%, 2/26/52, Callable 2/25/25 @ 100\*(a) | 578078 |
| 928477 | Longtrain Leasing III LLC, Series 2015-1A, Class A2, 4.06%, 1/15/45(a) | 856955 |
| 641507 | MVW LLC, Series 2019-2A, Class A, 2.22%, 10/20/38, Callable 9/20/25 @ 100\*(a) | 604899 |
| 515000 | Sabey Data Center Issuer LLC, Series 2020-1, Class A2, 3.81%, 4/20/45, Callable 11/20/23 @ 100\*(a) | 479763 |
| 1036150 | Sonic Capital LLC, Series 2020-1A, Class A2I, 3.85%, 1/20/50, Callable 1/20/24 @ 100\*(a) | 915932 |
| 914375 | Stack Infrastructure Issuer LLC, Series 2019-1A, Class A2, 4.54%, 2/25/44, Callable 2/25/23 @ 100\*(a) | 892698 |
| 18159 | Structured Asset Securities Corp., Series 2003-AL2, Class A, 3.36%, 1/25/31, Callable 12/25/22 @ 100\*(a) | 16632 |
| 643200 | Taco Bell Funding LLC, Series 2018-1A, Class A2II, 4.94%, 11/25/48, Callable 11/25/25 @ 100\*(a) | 596279 |
| 791532 | Textainer Marine Containers VIII, Ltd., Series 2AA, Class A, 2.10%, 9/20/45, Callable 12/20/22 @ 100\*(a) | 686019 |
| 900812 | TIF Funding II LLC, Series 2021-1A, Class A, 1.65%, 2/20/46, Callable 2/20/23 @ 100\*(a) | 735818 |
| 466518 | TRP-TRIP Rail Master Funding LLC, Series 2021-2, Class A, 2.15%, 6/19/51, Callable 6/17/23 @ 100\*(a) | 396669 |
| 90835 | VR Funding LLC, Series 2020-1A, Class A, 2.79%, 11/15/50, Callable 11/15/23 @ 100\*(a) | 79934 |
| 1095000 | Wendy's Funding LLC, Series 2019-1A, Class A2I, 3.78%, 6/15/49, Callable 3/15/24 @ 100\*(a) | 1003670 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Asset Backed Securities, continued:** | **Asset Backed Securities, continued:** | **Asset Backed Securities, continued:** |  |
| $| 682201 | Willis Engine Structured Trust III, Series 17, Class A, 4.69%, 8/15/42, Callable 7/15/27 @ 100\*(a)(b) | $559499 |
|  | 879283 | Willis Engine Structured Trust VI, Series 2021-A, Class A, 3.10%, 5/15/46, Callable 5/15/29 @ 100\*(a) | 640290 |
|  | 523375 | ZAXBY'S Funding LLC, Series 2021-1A, Class A2, 3.24%, 7/30/51, Callable 7/30/25 @ 100\*(a) | 428584 |
| Total Asset Backed Securities (Cost $18,323,012) | Total Asset Backed Securities (Cost $18,323,012) | Total Asset Backed Securities (Cost $18,323,012) | 15780223 |
| **Mortgage Backed Securities† (10.3%)** | **Mortgage Backed Securities† (10.3%)** | **Mortgage Backed Securities† (10.3%)** |  |
| Alt-A - Adjustable Rate Mortgage Backed Securities (0.0%^) | Alt-A - Adjustable Rate Mortgage Backed Securities (0.0%^) | Alt-A - Adjustable Rate Mortgage Backed Securities (0.0%^) |  |
|  | 53493 | Bear Stearns Alternative-A Trust, Series 2006-6, Class 32A1, 3.58%, 11/25/36, Callable 5/25/29 @ 100\*(b) | 28282 |
|  | 2836 | JPMorgan Alternative Loan Trust, Series 2006-S4, Class A6, 6.21%, 12/25/36, Callable 12/25/22 @100\*(b)(c) | 2699 |
|  |  |  | 30981 |
| Alt-A - Fixed Rate Mortgage Backed Securities (0.9%) | Alt-A - Fixed Rate Mortgage Backed Securities (0.9%) | Alt-A - Fixed Rate Mortgage Backed Securities (0.9%) |  |
|  | 6323 | Bank of America Alternative Loan Trust, Series 2006-4, Class CB1, 6.50%, 5/25/46, Callable 12/25/22 @ 100\* | 5505 |
|  | 26647 | Chaseflex Trust, Series 2005-2, Class 1A1, 6.00%, 6/25/35, Callable 12/25/22 @ 100\* | 18466 |
|  | 20765 | Chaseflex Trust, Series 2007-1, Class 1A3, 6.50%, 2/25/37, Callable 12/25/22 @ 100\* | 7521 |
|  | 42343 | Countrywide Alternative Loan Trust, Series 2005-46CB, Class A3, 5.50%, 10/25/35, Callable 12/25/22 @ 100\* | 30861 |
|  | 5738 | Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.00%, 10/25/34, Callable 12/25/22 @ 100\* | 5713 |
|  | 21174 | Countrywide Alternative Loan Trust, Series 2006-8T1, Class 1A4, 6.00%, 4/25/36, Callable 12/25/22 @ 100\* | 10197 |
|  | 146021 | Countrywide Alternative Loan Trust, Series 2007-9T1, Class 1A7, 6.00%, 5/25/37, Callable 12/25/22 @ 100\* | 74837 |
|  | 175008 | Countrywide Alternative Loan Trust, Series 2006-36T2, Class 2A4, 6.25%, 12/25/36, Callable 12/25/22 @ 100\* | 78821 |
|  | 10985 | Master Alternative Loans Trust, Series 2005-3, Class 1A1, 5.50%, 4/25/35, Callable 10/25/25 @ 100\* | 9975 |
|  | 35299 | Master Alternative Loans Trust, Series 2004-3, Class 3A1, 6.00%, 4/25/34, Callable 12/25/22 @ 100\* | 34049 |
|  | 12871 | Master Alternative Loans Trust, Series 2004-6, Class 7A1, 6.00%, 7/25/34, Callable 12/25/22 @ 100\* | 11895 |
|  | 13200 | Master Alternative Loans Trust, Series 2005-3, Class 7A1, 6.00%, 4/25/35, Callable 5/25/24 @ 100\* | 10952 |
|  | 720 | Master Alternative Loans Trust, Series 2003-7, Class 5A1, 6.25%, 11/25/33, Callable 12/25/22 @ 100\* | 706 |
|  | 5759 | Master Alternative Loans Trust, Series 2004-3, Class 2A1, 6.25%, 4/25/34, Callable 12/25/22 @ 100\* | 5595 |

---

See notes to schedule of portfolio of investments.

**- 11 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Bond Fund |
| November 30, 2022 (Unaudited) | Continued |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares or** | **Shares or** | | | |
| **Principal** | **Principal** | | | |
| **Amount** | **Amount** | <br>**Security Description** | **Value** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** |
| Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: | Alt-A - Fixed Rate Mortgage Backed Securities, continued: |
| $| 690466 | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2013-C11, Class A3, 3.96%, 8/15/46, Callable 8/15/23 @ 100\* | $| 683892 |
|  |  |  |  | 988985 |
| Prime Adjustable Rate Mortgage Backed Securities (2.3%) | Prime Adjustable Rate Mortgage Backed Securities (2.3%) | Prime Adjustable Rate Mortgage Backed Securities (2.3%) | Prime Adjustable Rate Mortgage Backed Securities (2.3%) | Prime Adjustable Rate Mortgage Backed Securities (2.3%) |
|  | 418271 | GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A6, 2.50%, 2/25/52, Callable 1/25/42 @ 100\*(a)(b) |  | 357012 |
|  | 904464 | GS Mortgage-Backed Securities Trust, Series 2021-PJ7, Class A8, 2.50%, 1/25/52, Callable 4/25/45 @ 100\*(a)(b) |  | 773458 |
|  | 3583 | JPMorgan Mortgage Trust, Series 2006-A4, Class 3A1, 3.27%, 6/25/36, Callable 12/25/22 @ 100\*(b) |  | 2547 |
|  | 107221 | JPMorgan Mortgage Trust, Series 2005-A6, Class 2A4, 4.24%, 8/25/35, Callable 12/25/22 @ 100\*(b) |  | 97981 |
|  | 713890 | LSTAR Securities Investment, Ltd., Series 2019-4, Class A1, 7.62% (US0001M + 350 bps), 5/1/24(a) |  | 706751 |
|  | 9227 | Merrill Lynch Mortgage Investors Trust, Series 2004-HB1, Class A3, 3.67%, 4/25/29, Callable 12/25/22 @ 100\*(b) |  | 8271 |
|  | 865957 | Starwood Mortgage Residential Trust, Series 2021-5, Class A1, 1.92%, 9/25/66, Callable 10/25/24 @ 100\*(a)(b) |  | 693526 |
|  | 3708 | Structured Adjustable Rate Mortgage Loan Trust, Series 2006-5, Class 4A1, 3.60%, 6/25/36, Callable 12/25/22 @ 100\*(b) |  | 2457 |
|  |  |  |  | 2642003 |
| Prime Fixed Mortgage Backed Securities (4.3%) | Prime Fixed Mortgage Backed Securities (4.3%) | Prime Fixed Mortgage Backed Securities (4.3%) | Prime Fixed Mortgage Backed Securities (4.3%) | Prime Fixed Mortgage Backed Securities (4.3%) |
|  | 285980 | Arroyo Mortgage Trust, Series 2019-3, Class A1, 2.96%, 10/25/48, Callable 12/25/22 @ 100\*(a)(b) |  | 261319 |
|  | 2327 | Chase Mortgage Finance Corp., Series 2002-S4, Class A23, 6.25%, 3/25/32, Callable 12/25/22 @ 100\* |  | 2109 |
|  | 97441 | Chaseflex Trust, Series 2006-2, Class A5, 4.45%, 9/25/36, Callable 12/25/22 @ 100\*(b) |  | 85238 |
|  | 1257322 | CIM Trust, Series 2021-J2, Class A4, 2.50%, 4/25/51, Callable 9/25/40 @ 100\*(a)(b) |  | 1075207 |
|  | 14462 | Citigroup Mortgage Loan Trust, Inc., Series 2005-1, Class 3A1, 6.50%, 4/25/35 |  | 13768 |
|  | 2000 | Countrywide Home Loans, Series 2004-8, Class 1A3, 5.50%, 7/25/34, Callable 12/25/22 @ 100\* |  | 1872 |
|  | 3151 | Countrywide Home Loans, Series 2004-18, Class A1, 6.00%, 10/25/34, Callable 12/25/22 @ 100\* |  | .2955 |
|  | 3041 | Countrywide Home Loans, Series 2004-21, Class A10, 6.00%, 11/25/34, Callable 12/25/22 @ 100\* |  | 2737 |
|  | 92134 | Credit Suisse First Boston Mortgage Securities Corp., Series 2005-9, Class 3A1, 6.00%, 10/25/35, Callable 12/25/22 @ 100\* |  | 30628 |
|  | 101 | First Nationwide Trust, Series 2001-3, Class 1A1, 6.75%, 8/21/31 |  | 94 |
|  | 732 | GMAC Mortgage Corp. Loan Trust, Series 2003-GH2, Class A4, 5.50%, 10/25/33, Callable 12/25/22 @ 100\*(b)(c) |  | 717 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or** | **Shares or** | | |
| **Principal** | **Principal** | | |
| **Amount** | **Amount** | <br>**Security Description** |<br>**Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| Prime Fixed Mortgage Backed Securities, continued: | Prime Fixed Mortgage Backed Securities, continued: | Prime Fixed Mortgage Backed Securities, continued: |  |
| $| 894543 | GS Mortgage-Backed Securities Trust 2022-Mm1, Series 2022-MM1, Class A8, 2.50%, 7/25/52, Callable 4/25/39 @ 100\*(a)(b) | $759383 |
|  | 12359 | JPMorgan Mortgage Trust, Series 2006-A2, Class 3A2, 2.75%, 4/25/36, Callable 12/25/22 @ 100\*(b) | 10316 |
|  | 992371 | JPMorgan Mortgage Trust, Series 2019-6, Class A5, 3.50%, 12/25/49, Callable 4/25/23 @ 100\*(a)(b) | 896140 |
|  | 16922 | JPMorgan Mortgage Trust, Series 2004-S2, Class 4A5, 6.00%, 11/25/34, Callable 12/25/22 @ 100\* | 14765 |
|  | 848092 | Mello Mortgage Capital Acceptance Trust, Series 2021-MTG2, Class A10, 2.50%, 6/25/51, Callable 4/25/41 @ 100\*(a)(b) | 724527 |
|  | 3631 | Nomura Asset Acceptance Corp., Series 2003-A1, Class A2, 6.00%, 5/25/33, Callable 12/25/22 @ 100\* | 3438 |
|  | 85262 | RAAC, Series 2004-SP2, Class A22, 6.00%, 1/25/32, Callable 12/25/22 @ 100\* | 74203 |
|  | 36540 | TBW Mortgage Backed Pass-Through Certificates, Series 2006-2, Class 7A1, 7.00%, 7/25/36, Callable 12/25/22 @ 100\* | 4918 |
|  | 161318 | Washington Mutual Mortgage Pass-Through Certificates, Series 2005-3, Class 1CB5, 5.50%, 5/25/35, Callable 12/25/22 @ 100\* | 137528 |
|  | 3297 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-CB1, Class 4A, 6.00%, 6/25/34, Callable 12/25/22 @ 100\* | 3154 |
|  | 21450 | Washington Mutual Mortgage Pass-Through Certificates, Series 2004-RA1, Class 2A, 7.00%, 3/25/34, Callable 2/25/23 @ 100\* | 20605 |
|  | 681831 | Wells Fargo Mortgage Backed Securities Trust, Series 2021-2, Class A3, 2.50%, 6/25/51, Callable 8/25/38 @ 100\*(a)(b) | 583072 |
|  | 232159 | Wells Fargo Mortgage Backed Securities Trust, Series 2019-3, Class A1, 3.50%, 7/25/49, Callable 6/25/23 @ 100\*(a)(b) | 212710 |
|  | 97132 | WinWater Mortgage Loan Trust, Series 2015-1, Class A1, 3.50%, 1/20/45, Callable 12/20/22 @ 100\*(a)(b) | 87644 |
|  |  |  | 5009047 |
| Subprime Mortgage Backed Securities (0.4%) | Subprime Mortgage Backed Securities (0.4%) | Subprime Mortgage Backed Securities (0.4%) |  |
|  | 215189 | Towd Point Mortgage Trust, Series 2017-6, Class A1, 2.75%, 10/25/57, Callable 12/25/25 @ 100\*(a)(b) | 204481 |
|  | 86434 | Towd Point Mortgage Trust, Series 2018-1, Class A1, 3.00%, 1/25/58, Callable 2/25/25 @ 100\*(a)(b) | 83079 |
|  | 240865 | Towd Point Mortgage Trust, Series 2018-2, Class A1, 3.25%, 3/25/58, Callable 10/25/26 @ |  |
|  |  | 100\*(a)(b) | 229649 |
|  |  |  | 517209 |
| U.S. Government Agency Mortgage Backed Securities (2.4%) | U.S. Government Agency Mortgage Backed Securities (2.4%) | U.S. Government Agency Mortgage Backed Securities (2.4%) |  |
|  | 243160 | Fannie Mae, Series 2012-111, Class EC, 2.00%, 12/25/41 | 219640 |
|  | 108629 | Fannie Mae, Series 2013-23, Class AB, 2.00%, 2/25/43 | 96204 |
|  | 393597 | Fannie Mae, Series 2020-54, Class TA, 2.00%, 5/25/43 | 360856 |

---

See notes to schedule of portfolio of investments.

**- 12 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Bond Fund |
| November 30, 2022 (Unaudited) | Continued |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| U.S. Government Agency Mortgage Backed Securities, continued: | U.S. Government Agency Mortgage Backed Securities, continued: |  |
| $132565 | Fannie Mae, Series 2012-30, Class CB, 2.25%, 10/25/41 | $121504 |
| 8079 | Fannie Mae, 2.43% (H15T1Y + 231 bps), 12/1/27, Pool #422279 | 7893 |
| 154453 | Fannie Mae, Series 2, Class JD, 2.50%, 2/25/50 | 130264 |
| 95199 | Fannie Mae, Series 2010-100, Class LA, 2.50%, 7/25/40 | 88746 |
| 157700 | Fannie Mae, Series 2012-111, Class QC, 2.50%, 5/25/42 | 144151 |
| 38978 | Fannie Mae, Series 2014-61, Class P, 2.50%, 7/25/44 | 35661 |
| 205570 | Fannie Mae, Series 2014-33, Class PE, 3.00%, 4/25/43 | 196050 |
| 215394 | Fannie Mae, Series 2015-59, Class LM, 3.00%, 7/25/45 | 197118 |
| 351923 | Fannie Mae, Series 2018-M12, Class A1, 3.55%, 8/25/30 | 342448 |
| 10184 | Fannie Mae, Series 2002-W11, Class AF5, 4.98%, 11/25/32, Callable 12/25/22 @ 100\*(b)(c) | 9512 |
| 182 | Fannie Mae, 5.00%, 8/1/33, Pool #730856 | 188 |
| 87 | Fannie Mae, 5.00%, 7/1/35, Pool #832198 | 89 |
| 119 | Fannie Mae, 5.50%, 2/1/33, Pool #683351 | 123 |
| 76 | Fannie Mae, 5.50%, 9/1/34, Pool #725773 | 79 |
| 941 | Fannie Mae, Series 1998-36, Class ZB, 6.00%, 7/18/28 | 957 |
| 167 | Fannie Mae, Series 1993-82, Class H, 7.00%, 5/25/23 | 166 |
| 19769 | Fannie Mae Whole Loan, Series 2003-W6, Class 6A, 3.57%, 8/25/42, Callable 12/25/22 @ 100\*(b) | 18960 |
| 74753 | Freddie Mac, Series 4019, Class GB, 2.00%, 12/15/41 | 68049 |
| 81328 | Freddie Mac, Series 4461, Class EA, 2.00%, 7/15/37 | 77425 |
| 159643 | Freddie Mac, Series 3913, Class PC, 2.50%, 3/15/41 | 153015 |
| 1111 | Freddie Mac, 3.13% (H15T1Y + 213 bps), 4/1/24, Pool #409624 | 1093 |
| 96797 | Freddie Mac, Series 3721, Class PE, 3.50%, 9/15/40 | 91830 |
| 35572 | Freddie Mac, Series 3780, Class MK, 3.50%, 10/15/40 | 33760 |
| 250 | Freddie Mac, Series 2610, Class VB, 5.50%, 7/15/24 | 250 |
| 187 | Freddie Mac, 6.00%, 7/1/35, Pool #A36085 | 191 |
| 862 | Freddie Mac, Series 2148, Class ZA, 6.00%, 4/15/29 | 876 |
| 518 | Freddie Mac, 6.50%, 2/1/36, Pool #G08113 | 544 |
| 5829 | Freddie Mac, Series 2036, Class PD, 6.50%, 3/15/28 | 6017 |
| 149152 | Government National Mortgage Assoc., Series 2013-69, 2.00%, 9/20/42 | 132689 |
| 216808 | Government National Mortgage Assoc., Series 2009-94, Class KB, 3.00%, 9/16/39 | 207618 |
| 87047 | Government National Mortgage Assoc., Series 2011-46, Class GJ, 3.25%, 1/16/41(b) | 83289 |
| 10887 | Government National Mortgage Assoc., Series 2009-93, Class HG, 4.00%, 9/16/39 | 10694 |
| 153 | Government National Mortgage Assoc., 7.00%, 9/15/23, Pool #347688 | 153 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities†, continued:** | **Mortgage Backed Securities†, continued:** | |
| U.S. Government Agency Mortgage Backed Securities, continued: | U.S. Government Agency Mortgage Backed Securities, continued: |  |
| 2773 | Government National Mortgage Assoc., 7.00%, 7/15/29, Pool #490215 | $2811 |
| 533 | Government National Mortgage Assoc., 7.50%, 11/15/23, Pool #354701 | 533 |
|  |  | 2841446 |
| Total Mortgage Backed Securities (Cost $13,604,128) | Total Mortgage Backed Securities (Cost $13,604,128) | 12029671 |
| **Corporate Bonds (23.7%)** | **Corporate Bonds (23.7%)** |  |
| Aerospace & Defense (1.4%) | Aerospace & Defense (1.4%) |  |
| 1750000 | Boeing Co. (The), 3.25%, 2/1/28, Callable 1/12/27 @ 100 \* | 1594707 |
| Airlines (1.9%) | Airlines (1.9%) |  |
| 1100407 | Alaska Airlines 2020-1, 4.80%, 8/15/27 (a) | 1045368 |
| 1182413 | United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27 | 1167478 |
|  |  | 2212846 |
| Banks (3.4%) | Banks (3.4%) |  |
| 2475000 | Bank of America Corp., 3.31% (SOFR + 158 bps), 4/22/42, Callable 4/22/41 @ 100 \* | 1857658 |
| 1350000 | JPMorgan Chase & Co., 2.52% (SOFR + 204 bps), 4/22/31, Callable 4/22/30 @ 100 \* | 1113016 |
| 1350000 | Wells Fargo & Co., 3.07% (SOFR + 253 bps), 4/30/41, Callable 4/30/40 @ 100 \* | 989437 |
|  |  | 3960111 |
| Beverages (0.6%) | Beverages (0.6%) |  |
| 800000 | PepsiCo, Inc., 2.75%, 3/19/30, Callable 12/19/29 @ 100 \* | 710268 |
| Capital Markets (1.3%) | Capital Markets (1.3%) |  |
| 1600000 | Goldman Sachs Group, Inc., 3.50%, 11/16/26, Callable 11/16/25 @ 100 \* | 1519702 |
| Diversified Financial Services (0.7%) | Diversified Financial Services (0.7%) |  |
| 850000 | Korea Development Bank, 2.75%, 3/19/23 | 845019 |
| Electric Utilities (0.8%) | Electric Utilities (0.8%) |  |
| 1000000 | Entergy Mississippi LLC, 3.25%, 12/1/27, Callable 1/9/27 @ 100 \* | 909431 |
| Electrical Equipment (0.9%) | Electrical Equipment (0.9%) |  |
| 1250000 | Emerson Electric Co., 2.20%, 12/21/31, Callable 9/21/31 @ 100 \* | 1021327 |
| Equity Real Estate Investment Trusts (REITs) (0.8%) | Equity Real Estate Investment Trusts (REITs) (0.8%) |  |
| 1100000 | SBA Tower Trust, 1.88%, 1/15/26, Callable 1/15/25 @ 100 \*(a) | 967401 |
| Financial Services (0.1%) | Financial Services (0.1%) |  |
| 65057 | JBG/Rockville NCI Campus LLC, Series 2010-A, 3.90%, 7/15/23 (a) | 64969 |
| Food Products (1.8%) | Food Products (1.8%) |  |
| 1059000 | Conagra Brands, Inc., 4.60%, 11/1/25, Callable 1/9/25 @ 100 \* | 1045279 |
| 320000 | Mars, Inc., 0.88%, 7/16/26, Callable 6/16/26 @ 100 \*(a) | 279969 |
| 825000 | Mars, Inc., 3.20%, 4/1/30, Callable 1/1/30 @ 100 \*(a) | 742179 |
|  |  | 2067427 |
| Health Care Providers & Services (2.6%) | Health Care Providers & Services (2.6%) |  |
| 1000000 | Ascension Health, Series B, 2.53%, 11/15/29, Callable 8/15/29 @ 100 \* | 863613 |
| 590000 | Montefiore Medical Center, 2.15%, 10/20/26, Callable 4/20/26 @ 100 \* | 539131 |
| 1050000 | Partners Healthcare Syst, Inc., Series 2020, 3.19%, 7/1/49, Callable 1/1/49 @ 100 \* | 747679 |
| 890000 | Sutter Health, 3.70%, 8/15/28, Callable 5/15/28 @ 100 \* | 822522 |
|  |  | 2972945 |

---

See notes to schedule of portfolio of investments.

**- 13 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Bond Fund |
| November 30, 2022 (Unaudited) | Continued |

---

---

| | | |
|:---|:---|:---|
| **Shares or**<br>**Principal**<br>**Amount** | <br>**Security Description** |<br>**Value** |
| **Corporate Bonds, continued:** | **Corporate Bonds, continued:** |  |
| Hotels, Restaurants & Leisure (1.4%) | Hotels, Restaurants & Leisure (1.4%) |  |
| $735000 | Hyatt Hotels Corp., 4.38%, 9/15/28, Callable 6/15/28 @ 100 \* | $671351 |
| 1200000 | Starbucks Corp., 3.75%, 12/1/47, Callable 1/6/47 @ 100 \* | 935583 |
|  |  | 1606934 |
| Household Durables (0.9%) | Household Durables (0.9%) |  |
| 1120000 | Harman International Industries, Inc., 4.15%, 5/15/25, Callable 2/15/25 @ 100 \* | 1095209 |
| Insurance (0.9%) | Insurance (0.9%) |  |
| 1100000 | Jackson National Life Global Funding, 2.65%, 6/21/24 (a) | 1049601 |
| Interactive Media & Services (1.0%) | Interactive Media & Services (1.0%) |  |
| 1300000 | Meta Platforms, Inc., 3.85%, 8/15/32, Callable 5/15/32 @ 100 \*(a) | 1157433 |
| IT Services (0.6%) | IT Services (0.6%) |  |
| 770000 | Western Union Co. (The), 6.20%, 11/17/36 | 752717 |
| Oil, Gas & Consumable Fuels (0.7%) | Oil, Gas & Consumable Fuels (0.7%) |  |
| 900000 | Marathon Oil Corp., 4.40%, 7/15/27, Callable 4/15/27 @ 100 \* | 868565 |
| Semiconductors & Semiconductor Equipment (1.9%) | Semiconductors & Semiconductor Equipment (1.9%) |  |
| 97000 | Broadcom, Inc., 3.19%, 11/15/36, Callable 8/15/36 @ 100 \*(a) | 70278 |
| 2178000 | Broadcom, Inc., 4.15%, 11/15/30, Callable 8/15/30 @ 100 \* | 1949817 |
| 325000 | Intel Corp., 3.25%, 11/15/49, Callable 5/15/49 @ 100 \* | 225900 |
|  |  | 2245995 |
| Total Corporate Bonds (Cost $32,560,155) | Total Corporate Bonds (Cost $32,560,155) | 27622607 |
| **Taxable Municipal Bonds (8.8%)** | **Taxable Municipal Bonds (8.8%)** |  |
| Kentucky (0.5%) | Kentucky (0.5%) |  |
| 750000 | Lexington-Fayette Urban County Airport Board Corp. Revenue, 2.84%, 7/1/31 | 645897 |
| Michigan (0.1%) | Michigan (0.1%) |  |
| 190000 | Michigan State Housing Development Authority Revenue, Series B, 2.72%, 10/1/35, Continuously Callable @100 | 172319 |
| Oklahoma (2.0%) | Oklahoma (2.0%) |  |
| 500000 | Grand River Dam Authority Revenue, Series B, 4.55%, 6/1/39, Continuously Callable @100 | 468902 |
| 450000 | The University of Oklahoma Revenue, Series C, 2.45%, 7/1/32, Continuously Callable @100 | 365087 |
| 1650000 | University of Oklahoma Health Sciences Center General Revenue, Series A, 3.87%, 7/1/32, Continuously Callable @100 | 1518114 |
|  |  | 2352103 |
| Oregon (0.7%) | Oregon (0.7%) |  |
| 1000000 | State of Oregon, GO, Series O, 1.70%, 8/1/32, Continuously Callable @100 | 766823 |
| Pennsylvania (1.0%) | Pennsylvania (1.0%) |  |
| 1110000 | City of Bethlehem, GO, Series C, 5.15%, 11/1/34, Pre-refunded 11/1/24 @ 100, AGM | 1120884 |
| Texas (3.3%) | Texas (3.3%) |  |
| 1000000 | Arlington Independent School District, GO, 5.00%, 2/15/26, PSF-GTD | 1016318 |
| 1000000 | Arlington Independent School District, GO, 5.00%, 2/15/27, PSF-GTD | 1020846 |

---

---

| | | |
|:---|:---|:---|
| **Shares or**<br>**Principal**<br>**Amount** | <br>**Security Description** |<br>**Value** |
| **Taxable Municipal Bonds, continued:** | **Taxable Municipal Bonds, continued:** |  |
| Texas, continued: | Texas, continued: |  |
| 1250000 | Northwest Independent School District, GO, 1.78%, 2/15/31, Continuously Callable @100, TX PERMANENT SCHOOL FUND GUARANTEED | $999729 |
| 785000 | Texas Transportation Commission State Highway Fund Revenue, 5.18%, 4/1/30 | 805214 |
|  |  | 3842107 |
| Washington (1.2%) | Washington (1.2%) |  |
| 1200000 | County of King WA Sewer Revenue, Series B, 1.86%, 1/1/33, Continuously Callable @100 | 923830 |
| 585000 | Pierce County School District No 10 Tacoma, GO, 1.90%, 12/1/33, SCH BD GTY | 431764 |
|  |  | 1355594 |
| Total Taxable Municipal Bonds (Cost $11,785,705) | Total Taxable Municipal Bonds (Cost $11,785,705) | 10255727 |
| **U.S. Government Agency Securities (13.0%)** | **U.S. Government Agency Securities (13.0%)** |  |
| Federal Farm Credit Banks | Federal Farm Credit Banks |  |
| 750000 | 1.32%, 9/9/30, Callable 12/15/22 @ 100 \* | 601216 |
| 1625000 \* | 2.00%, 9/27/33, Callable 12/15/22 @ 100 | 1260267 |
| 1565000 | 2.13%, 4/19/34, Callable 12/15/22 @ 100 \* | 1222394 |
| 1408000 | 2.15%, 3/7/36, Callable 12/15/22 @ 100 \* | 1028349 |
| 1350000 \* | 2.23%, 3/12/35, Callable 12/15/22 @ 100 | 1008121 |
| 1150000 | 2.32%, 1/26/32, Callable 1/26/23 @ 100 \* | 966835 |
| 1220000 | 2.75%, 2/2/37, Callable 2/2/23 @ 100 \* | 950238 |
|  |  | 7037420 |
| Federal Home Loan Banks | Federal Home Loan Banks |  |
| 1100000 | 1.00%, 10/29/29, Callable 1/29/23 @ 100 \*(b) | 941869 |
| 1000000 | 1.00%, 2/11/36, Callable 11/2/23 @ 100 \*(b) | 726019 |
| 1345000 | 1.25%, 10/8/30, Callable 12/15/22 @ 100 \* | 1065916 |
| 3000000 | 1.25%, 3/24/33, Callable 12/24/22 @ 100 \*(b) | 2431728 |
| 1170000 | 1.50%, 2/25/36, Callable 2/25/23 @ 100 \*(b) | 853099 |
|  |  | 6018631 |
| Federal Home Loan Mortgage Corporation | Federal Home Loan Mortgage Corporation |  |
| 897506 | Series 4893, 2.50%, 5/15/49 | 793660 |
| Federal National Mortgage Association | Federal National Mortgage Association |  |
| 876 | 551 Series 2018-94, 3.50%, 1/25/49 | 822804 |
| 479287 | Series 2022-35, 4.00%, 3/25/47 | 464221 |
|  |  | 1287025 |
| Total U.S. Government Agency Securities (Cost $16,595,456) | Total U.S. Government Agency Securities (Cost $16,595,456) | 15136736 |
| **U.S. Treasury Obligations (25.6%)** | **U.S. Treasury Obligations (25.6%)** |  |
| U.S. Treasury Bonds | U.S. Treasury Bonds |  |
| 6270000 | 1.75%, 8/15/41 | 4348588 |
| 9415000 | 2.00%, 8/15/51 | 6344827 |
|  |  | 10693415 |
| U.S. Treasury Notes | U.S. Treasury Notes |  |
| 3715000 | 3.13%, 8/31/29 | 3565820 |
| 7491000 | 4.13%, 9/30/27 | 7571177 |
| 3808000 | 4.13%, 11/15/32 | 3941280 |
| 4000000 | 4.25%, 9/30/24 | 3985312 |
|  |  | 19063589 |
| Total U.S. Treasury Obligations (Cost $32,736,003) | Total U.S. Treasury Obligations (Cost $32,736,003) | 29757004 |
| **Investment in Affiliates (5.0%)** | **Investment in Affiliates (5.0%)** |  |
| 5805552 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(d) | 5805552 |
| Total Investment in Affiliates (Cost $5,805,552) | Total Investment in Affiliates (Cost $5,805,552) | 5805552 |
| Total Investments (Cost $131,410,011) — 99.9% | Total Investments (Cost $131,410,011) — 99.9% | 116387520 |
| Other assets in excess of liabilities — 0.1% | Other assets in excess of liabilities — 0.1% | 76288 |
| Net Assets -100.0% | Net Assets -100.0% | $116463808 |

---

See notes to schedule of portfolio of investments.

**- 14 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Bond Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

(a) Represents
 a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration
 under the Securities Act of 1933, as amended. The security has been deemed liquid according
 to the policies and procedures adopted by the Board of Trustees.

(b) The
 rate for certain asset-backed and mortgage-backed securities may vary based on factors relating
 to the pool of assets underlying the security. The rate presented is the rate in effect at
 November 30, 2022.

(c) Step
 Bond: Coupon rate is set for an initial period and then increased to a higher coupon rate
 at a specified date. The rate shown is the rate in effect at November 30, 2022.

(d) Money
 market investment. The rate presented on the Schedule of Portfolio Investments is the rate
 in effect at November 30, 2022.

\* Represents next call date. Additional subsequent call dates and amounts may apply to this security.

---

| | |
|:---|:---|
| ^ | Represents less than 0.05%. |

---

† Mortgage
 backed securities are classified based on the characteristics of their underlying collateral,
 the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors.
 The fixed or variable rate nature of securities interest payments to which the fund is entitled
 may not coincide with the payment nature of the collateral underlying the securities.

---

| | |
|:---|:---|
| AGM | Assured Guaranty Municipal Corporation |
| GO | General Obligation |
| H15T1Y | 1 Year Treasury Constant Maturity Rate |
| LIBOR | London Interbank Offered Rate |
| PSF-GTD | Public School Fund Guaranteed |
| SCH BD GTY | School Board Guaranty |
| SOFR | Secured Overnight Financing Rate |
| US0001M | 1 Month US Dollar LIBOR |

---

See notes to schedule of portfolio of investments.

**- 15 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Strategic Enhanced Yield Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Mortgage Backed Securities† (21.4%)** | **Mortgage Backed Securities† (21.4%)** |  |
| Prime Fixed Mortgage Backed Securities (2.2%) | Prime Fixed Mortgage Backed Securities (2.2%) |  |
| $354239 | Brean Asset Backed Securities Trust, Series 2021-RM1, Class M1, 1.60%, 10/25/63, Callable 9/25/27 @ 100\*(a) | $194831 |
| U.S. Government Agency Mortgage Backed Securities (19.2%) | U.S. Government Agency Mortgage Backed Securities (19.2%) |  |
| 90000 | Fannie Mae, 2.13%, 4/24/26 | 84339 |
| 311630 | Fannie Mae, 4.50%, 10/1/52, Pool #MA4784 | 302580 |
| 270000 | Fannie Mae, 5.50%, 12/1/52, Pool #MA4842 | 273133 |
| 448595 | Freddie Mac, 4.00%, 11/1/52, Pool #SD8265 | 423325 |
| 310565 | Freddie Mac, 5.00%, 10/1/52, Pool #SD8258 | 308527 |
| 269487 | Government National Mortgage Assoc., 3.50%, 10/20/52, Pool #MA8345 | 249620 |
|  |  | 1641524 |
| Total Mortgage Backed Securities (Cost $1,951,849) | Total Mortgage Backed Securities (Cost $1,951,849) | 1836355 |
| **Corporate Bonds (38.0%)** | **Corporate Bonds (38.0%)** |  |
| Aerospace & Defense (4.1%) | Aerospace & Defense (4.1%) |  |
| 180000 | Embraer Netherlands Finance BV, 5.40%, 2/1/27 | 172800 |
| 90000 | Howmet Aerospace, Inc., 5.90%, 2/1/27 | 89100 |
| 90000 | The Boeing Co., 5.04%, 5/1/27, Callable 1/3/27 @ 100 \* | 89001 |
|  |  | 350901 |
| Automobiles (1.4%) | Automobiles (1.4%) |  |
| 90000 | Ford Motor Co., 3.25%, 2/12/32, Callable 12/11/31 @ 100 \* | 71456 |
| 45000 | General Motors Co., 5.40%, 10/15/29, Callable 8/15/29 @ 100 \* | 43324 |
|  |  | 114780 |
| Banks (6.2%) | Banks (6.2%) |  |
| 90000 | Bank of America Corp., 3.42% (US0003M + 104 bps), 12/20/28, Callable 12/20/27 @ 100 \* | 81932 |
| 90000 | Bank of America Corp., 5.56% (US0003M + 79 bps), 3/5/24, Callable 5/3/23 @ 100 \* | 89874 |
| 90000 | Citigroup, Inc., 4.60%, 3/9/26 | 88632 |
| 90000 | JPMorgan Chase & Co., 3.63%, 12/1/27, Callable 1/12/26@100 \* | 84359 |
| 90000 | JPMorgan Chase & Co., 6.40%, 5/15/38 | 98840 |
| 90000 | Wachovia Corp., 5.50%, 8/1/35 | 88229 |
|  |  | 531866 |
| Capital Markets (4.0%) | Capital Markets (4.0%) |  |
| 180000 | Morgan Stanley, 4.43% (US0003M + 163 bps), 1/23/30, Callable 1/23/29 @ 100, MTN \* | 169805 |
| 90000 | The Goldman Sachs Group, Inc., 4.04% (SOFR + 82 bps), 9/10/27, Callable 10/9/26 @ 100 \* | 84975 |
| 90000 | The Goldman Sachs Group, Inc., 4.25%, 10/21/25 | 88149 |
|  |  | 342929 |
| Chemicals (2.2%) | Chemicals (2.2%) |  |
| 200000 | Orbia Advance Corp. SAB de CV, 4.00%, 10/4/27, Callable 4/7/27 @ 100 \*(b) | 182308 |
| Construction Materials (4.6%) | Construction Materials (4.6%) |  |
| 200000 | Celulosa Arauco y Constitucion SA, 4.50%, 8/1/24, Callable 1/5/24 @ 100 \* | 196508 |
| 200000 | St. Marys Cement, Inc., 5.75%, 1/28/27, Callable 10/28/26 @ 100 \*(b) | 199545 |
|  |  | 396053 |
| Diversified Telecommunication Services (2.1%) | Diversified Telecommunication Services (2.1%) |  |
| 90000 | AT&T, Inc., 4.42% (US0003M + 118 bps), 6/12/24 | 90415 |
| 90000 | Verizon Communications, Inc., 5.71% (US0003M + 110 bps), 5/15/25, Callable 3/15/25 @ 100 \* | 90189 |
|  |  | 180604 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Corporate Bonds, continued:** | **Corporate Bonds, continued:** | |
| Health Care Providers & Services (1.0%) | Health Care Providers & Services (1.0%) |  |
| $90000 | CVS Health Corp., 4.30%, 3/25/28, Callable 12/25/27 @100 \* | $87470 |
| Metals & Mining (5.0%) | Metals & Mining (5.0%) |  |
| 90000 | Cleveland-Cliffs, Inc., 4.88%, 3/1/31, Callable 1/3/26 @ 102 \*(b) | 78075 |
| 90000 | Commercial Metals Co., 3.88%, 2/15/31, Callable 2/15/26 @102 \* | 74540 |
| 90000 | Freeport-McMoRan, Inc., 4.25%, 3/1/30, Callable 1/3/25 @102 \* | 80192 |
| 200000 | Indonesia Asahan Aluminium Persero PT, 4.75%, 5/15/25, Callable 4/15/25 @ 100 \*(b) | 195525 |
|  |  | 428332 |
| Oil, Gas & Consumable Fuels (5.0%) | Oil, Gas & Consumable Fuels (5.0%) |  |
| 90000 | Kinder Morgan Energy Partners LP, 5.63%, 9/1/41 | 82186 |
| 90000 | Occidental Petroleum Corp., 6.13%, 1/1/31, Callable 1/7/30 @ 100 \* | 91314 |
| 180000 | Petroleos Mexicanos, 6.50%, 3/13/27 | 163041 |
| 90000 | Range Resources Corp., 8.25%, 1/15/29, Callable 1/15/24 @104 \* | 93127 |
|  |  | 429668 |
| Road & Rail (0.5%) | Road & Rail (0.5%) |  |
| 45000 | CSX Corp., 3.25%, 6/1/27, Callable 1/3/27 @ 100 \* | 42375 |
| Specialty Retail (0.5%) | Specialty Retail (0.5%) |  |
| 45000 | Lowe's Cos., Inc., 4.50%, 4/15/30, Callable 1/15/30 @100 \* | 43560 |
| Technology Hardware, Storage & Peripherals (0.5%) | Technology Hardware, Storage & Peripherals (0.5%) |  |
| 45000 | Apple, Inc., 3.95%, 8/8/52, Callable 8/2/52 @ 100 \* | 39150 |
| Wireless Telecommunication Services (0.9%) | Wireless Telecommunication Services (0.9%) |  |
| 90000 | T-Mobile USA, Inc., 3.38%, 4/15/29, Callable 4/15/24 @ 102 \* | 79506 |
| Total Corporate Bonds (Cost $3,213,728) | Total Corporate Bonds (Cost $3,213,728) | 3249502 |
| **U.S. Government Agency Securities (1.0%)** | **U.S. Government Agency Securities (1.0%)** |  |
| Federal Home Loan Banks | Federal Home Loan Banks |  |
| 90000 | 3.25%, 11/16/28 | 86885 |
| Total U.S. Government Agency Securities (Cost $84,854) | Total U.S. Government Agency Securities (Cost $84,854) | 86885 |
| **U.S. Treasury Obligations (28.9%)** | **U.S. Treasury Obligations (28.9%)** |  |
| U.S. Treasury Bonds | U.S. Treasury Bonds |  |
| 560000 | 1.88%, 2/15/51 | 366144 |
| 180000 | 4.50%, 2/15/36 | 195525 |
| 360000 | 4.75%, 2/15/41 | 399094 |
|  |  | 960763 |
| U.S. Treasury Notes | U.S. Treasury Notes |  |
| 360000 | 1.13%, 2/28/27 | 320822 |
| 180000 | 2.00%, 8/15/25 | 169994 |
| 270000 | 2.38%, 5/15/29 | 247820 |
| 450000 | 2.50%, 5/15/24 | 436500 |
| 360000 | 2.88%, 5/15/32 | 336150 |
|  |  | 1511286 |
| Total U.S. Treasury Obligations (Cost $2,422,057) | Total U.S. Treasury Obligations (Cost $2,422,057) | 2472049 |

---

See notes to schedule of portfolio of investments.

**- 16 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Strategic Enhanced Yield Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Investment in Affiliates (16.8%)** | **Investment in Affiliates (16.8%)** | |
| 1434724 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(c) | $1434724 |
| Total Investment in Affiliates (Cost $1,434,724) | Total Investment in Affiliates (Cost $1,434,724) | 1434724 |
| Total Investments (Cost $9,107,212) — 106.1% | Total Investments (Cost $9,107,212) — 106.1% | 9079515 |
| Liabilities in excess of other assets — (6.1)% | Liabilities in excess of other assets — (6.1)% | (521991) |
| Net Assets -100.0% | Net Assets -100.0% | $8557524 |

---

(a) Represents a restricted security, purchased under Rule 144A,
Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed illiquid according
to the policies and procedures adopted by the Board of Trustees. At November 30, 2022, illiquid securities were 2.3% of the Fund's net
assets.

(b) Represents a restricted security, purchased under Rule 144A,
Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according
to the policies and procedures adopted by the Board of Trustees.

(c) Money market investment. The rate presented on the Schedule
of Portfolio Investments is the rate in effect at November 30, 2022.

\* Represents next call date. Additional subsequent call dates and amounts may apply to this security.

† Mortgage backed securities are classified based on the characteristics
of their underlying collateral, the fixed vs. variable nature of the obligations, and the credit standing of the mortgagors. The fixed
or variable rate nature of securities interest payments to which the fund is entitled may not coincide with the payment nature of the
collateral underlying the securities.

---

| | |
|:---|:---|
| LIBOR | London Interbank Offered Rate |
| MTN | Medium Term Note |
| SOFR | Secured Overnight Financing Rate |
| US0003M | 3 Month US Dollar LIBOR |

---

See notes to schedule of portfolio of investments.

**- 17 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Ultra Short Tax-Free Income Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Municipal Bonds (97.7%)** | **Municipal Bonds (97.7%)** | |
| Illinois (10.7%) | Illinois (10.7%) |  |
| $300000 | Cook County School District No 81 Schiller Park, GO, 5.00%, 12/1/23 | $306991 |
| 405000 | Cook County School District No 88 Bellwood, GO, 4.00%,12/1/22, BAM | 405008 |
| 170000 | Grundy Kendall & Will Counties Community High School District No 111 Minooka, GO, 4.00%, 5/1/23 | 170875 |
| 130000 | Henry County Community Unit School District No 229 Kewanee, GO, Series B, 3.00%, 12/1/22, AGM | 129999 |
| 200000 | Henry County Community Unit School District No 229 Kewanee, GO, Series B, 3.00%, 12/1/23, AGM | 200455 |
| 100000 | Sangamon Logan & Menard Counties Community Unit School Dist No 15 Williamsville, GO, 5.00%, 12/1/22, BAM | 100005 |
| 345000 | Village of Franklin Park IL, GO, 3.00%, 7/1/23, AGM | 345601 |
| 230000 | Village of Libertyville IL, GO, Series A, 3.00%, 12/15/22 | 229965 |
| 250000 | Village of Libertyville IL, GO, Series A, 3.00%, 12/15/23 | 250331 |
| 175000 | Village of Libertyville IL, GO, Series B, 4.00%, 5/1/23 | 175879 |
| 170000 | West Chicago Park District, GO, Series B, 3.00%, 12/1/22, BAM | 170000 |
| 250000 | Yorkville-Bristol Sanitation District, GO, 5.00%, 12/15/23, AGM | 255630 |
|  |  | 2740739 |
| Indiana (4.0%) | Indiana (4.0%) |  |
| 500000 | Indianapolis-Marion County Public Library, GO, 3.00%, 7/1/23, ST INTERCEPT | 499946 |
| 510000 | Lafayette School Corp., GO, 3.00%, 1/15/23, ST INTERCEPT | 509793 |
|  |  | 1009739 |
| Iowa (2.0%) | Iowa (2.0%) |  |
| 510000 | East Mills Community School District, GO, 5.00%, 5/1/23, BAM | 515174 |
| Kansas (0.6%) | Kansas (0.6%) |  |
| 155000 | City of Olathe KS, GO, Series 233, 3.00%, 10/1/23 | 155438 |
| Kentucky (11.8%) | Kentucky (11.8%) |  |
| 200000 | Kentucky Association of Counties Finance Corp. Revenue, 2.00%, 2/1/23 | 199601 |
| 885000 | Kentucky Interlocal School Transportation Association, Certificate participation, 1.25%, 3/1/23, ST INTERCEPT | 879972 |
| 555000 | Kentucky State Property & Building Commission Revenue, 5.00%, 8/1/23 | 563490 |
| 395000 | Leslie County School District Finance Corp. Revenue, 1.00%, 12/1/22, ST INTERCEPT | 394967 |
| 615000 | Mason County School District Finance Corp. Revenue, 2.00%, 9/1/23, ST INTERCEPT | 610655 |
| 355000 | Pulaski County School District Finance Corp. Revenue, 3.00%, 4/1/23, ST INTERCEPT | 355227 |
|  |  | 3003912 |
| Michigan (2.9%) | Michigan (2.9%) |  |
| 150000 | Central Michigan University Revenue, 5.00%, 10/1/23 | 152560 |
| 295000 | Charter Township of Brownstown MI, GO, 4.00%, 5/1/23 | 296604 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Municipal Bonds, continued:** | **Municipal Bonds, continued:** | |
| Michigan, continued: | Michigan, continued: |  |
| 285000 | City of Gibraltar MI, GO, 3.00%, 11/1/23, BAM | $285735 |
|  |  | 734899 |
| Mississippi (0.8%) | Mississippi (0.8%) |  |
| 200000 | County of Jackson MS Revenue, 1.45%, 6/1/23, Callable 3/1/23 @ 100\*(a) | 200000 |
| Missouri (2.7%) | Missouri (2.7%) |  |
| 200000 | County of Dunklin MO Revenue, 3.00%, 12/1/22 | 199998 |
| 185000 | Nixa Public Schools, Certificate participation, 4.00%, 4/1/23 | 185795 |
| 300000 | Polk County Reorganized School District No 1, GO, 4.00%, 3/1/23 | 300985 |
|  |  | 686778 |
| Nevada (2.1%) | Nevada (2.1%) |  |
| 525000 | Washoe County School District, GO, Series A, 5.00%, 6/1/23 | 531513 |
| North Dakota (0.8%) | North Dakota (0.8%) |  |
| 200000 | City of Horace ND, GO, 3.00%, 5/1/23 | 199464 |
| Ohio (26.9%) | Ohio (26.9%) |  |
| 180000 | American Municipal Power, Inc. Revenue, 2.00%, 3/2/23 | 179551 |
| 350000 | American Municipal Power, Inc.Revenue, 3.50%, 6/22/23 | 350621 |
| 350000 | American Municipal Power, Inc. Revenue, 4.25%, 10/27/23 | 352020 |
| 1000000 | City of Brecksville OH, GO, 4.00%, 9/21/23 | 1006663 |
| 300000 | City of Garfield Heights OH, GO, 3.88%, 6/15/23 | 300377 |
| 305000 | City of Huber Heights OH, GO, 5.00%, 11/14/23 | 309781 |
| 375000 | City of Trenton OH, GO, 4.00%, 11/7/23 | 377341 |
| 279000 | City of Vandalia OH, GO, 3.75%, 8/23/23 | 279724 |
| 500000 | City of Willoughby OH, GO, 5.00%, 8/10/23 | 507331 |
| 500000 | County of Lucas OH, GO, 3.88%, 10/13/23 | 503987 |
| 645000 | County of Miami OH, GO, 3.25%, 7/27/23 | 643933 |
| 600000 | County of Trumbull OH, GO, 3.63%, 7/20/23 | 600825 |
| 405000 | Township of Blendon OH, GO, 5.00%, 11/16/23 | 411386 |
| 525000 | Village of Bratenahl OH, GO, 3.25%, 8/10/23 | 522999 |
| 500000 | Village of Oakwood OH / Cuyahoga County, GO, 4.00%, 9/14/23 | 503723 |
|  |  | 6850262 |
| Pennsylvania (2.3%) | Pennsylvania (2.3%) |  |
| 580000 | Borough of Lewistown PA, GO, 4.00%, 12/15/23, BAM | 587833 |
| Rhode Island (1.2%) | Rhode Island (1.2%) |  |
| 300000 | Rhode Island Health And Educational Building Corp., GO, 4.00%, 5/15/23, AGM | 301876 |
| Tennessee (4.9%) | Tennessee (4.9%) |  |
| 255000 | County of Fayette TN, GO, 2.00%, 3/1/23 | 254524 |
| 1000000 | Montgomery County Public Building Authority Revenue, 1.92%, 11/1/27, Callable 1/1/23 @ 100\*(a) | 1000000 |
|  |  | 1254524 |
| Texas (21.7%) | Texas (21.7%) |  |
| 680000 | Austin Texas Hotel Occupancy Tax Revenue, 1.88%, 11/15/29, Continuously Callable @100(a) | 680000 |
| 290000 | Barbers Hill Independent School District, GO, 5.00%, 2/15/23 | 291369 |
| 195000 | Brazoria County Municipal Utility District No 28, GO, Series A, 2.00%, 9/1/23, BAM | 193514 |
| 420000 | Broaddus Independent School District, GO, Series A, 4.00%, 2/15/23, PSF-GTD | 421177 |
| 300000 | City of Edinburg Texas, GO, 5.00%, 3/1/23, AGM | 301822 |

---

See notes to schedule of portfolio of investments.

**- 18 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Ultra Short Tax-Free Income Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Municipal Bonds, continued:** | **Municipal Bonds, continued:** | |
| Texas, continued: | Texas, continued: |  |
| $100000 | City of Elgin Texas, GO, 4.00%, 7/15/23, AGM | $100850 |
| 100000 | City of Elgin Texas, GO, 4.00%, 7/15/23, AGM | 100850 |
| 375000 | City of Haltom City Texas, GO, Series A, 5.00%, 2/1/23 | 376484 |
| 220000 | City of Talty TX, GO, 3.00%, 3/15/23, AGM | 220130 |
| 400000 | East Cedar Creek Fresh Water Supply District Revenue, 3.00%, 1/1/23, AGM | 399845 |
| 180000 | Fort Bend County Municipal Utility District No 139, GO, 4.00%, 3/1/23, AGM | 180573 |
| 220000 | Fulshear Municipal Utility District No 3A, GO, 4.00%, 9/1/23,AGM | 221991 |
| 675000 | Galveston County Municipal Utility District No 56, GO, 4.50%, 12/1/22, AGM | 675022 |
| 375000 | Harris County Municipal Utility District No 278, GO, 4.00%, 9/1/23, BAM | 378478 |
| 450000 | Harris County Municipal Utility District No 449, GO, 3.00%, 9/1/23, AGM | 450805 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | <br> **Value** |
| **Municipal Bonds, continued:** | **Municipal Bonds, continued:** | |
| Texas, continued: | Texas, continued: |  |
| 250000 | Kaufman County Municipal Utility District No 14, GO, 2.00%, 3/1/23, AGM | $249025 |
| 300000 | San Patricio Municipal Water District Revenue, 3.00%, 7/10/23, AGM | 300514 |
|  |  | 5542449 |
| Washington (1.3%) | Washington (1.3%) |  |
| 340000 | State of Washington, Certificate Participation, Series B, 5.00%, 7/1/23 | 344777 |
| Wisconsin (1.0%) | Wisconsin (1.0%) |  |
| 250000 | County of Eau Claire WI, GO, Series A, 4.00%, 9/1/23 | 252690 |
| Total Municipal Bonds (Cost $25,064,767) | Total Municipal Bonds (Cost $25,064,767) | 24912067 |
| **Investment in Affiliates (1.3%)** | **Investment in Affiliates (1.3%)** |  |
| 329345 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(b) | 329345 |
| Total Investment in Affiliates (Cost $329,345) | Total Investment in Affiliates (Cost $329,345) | 329345 |
| Total Investments (Cost $25,394,112) — 99.0% | Total Investments (Cost $25,394,112) — 99.0% | 25241412 |
| Other assets in excess of liabilities — 1.0% | Other assets in excess of liabilities — 1.0% | 242448 |
| Net Assets -100.0% | Net Assets -100.0% | $25483860 |

---

(a) Interest rate is determined by the Remarketing Agent. The rate
presented is the rate in effect at November 30, 2022.

(b) Money market investment. The rate presented on the Schedule
of Portfolio Investments is the rate in effect at November 30, 2022.

\* Represents next call date. Additional subsequent call dates and amounts may apply to this security.

---

| | |
|:---|:---|
| AGM | Assured Guaranty Municipal Corporation |
| BAM | Build America Mutual Assurance Company |
| GO | General Obligation |
| PSF-GTD | Public School Fund Guaranteed |

---

See notes to schedule of portfolio of investments.

**- 19 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Mid Cap Diverse Leadership Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Security Description** | **Value** |
| **Common Stocks (95.0%)** | **Common Stocks (95.0%)** |  |
| Aerospace & Defense (0.6%) | Aerospace & Defense (0.6%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;276 | Mercury Systems, Inc.(a) | $14026 |
| Air Freight & Logistics (1.4%) | Air Freight & Logistics (1.4%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;23 | Expeditors International of Washington, Inc. | 2669 |
| &nbsp;&nbsp;&nbsp;&nbsp;704 | Gxo Logistics, Inc.(a) | 32990 |
|  |  | 35659 |
| Airlines (0.1%) | Airlines (0.1%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;266 | JetBlue Airways Corp.(a) | 2117 |
| Auto Components (0.4%) | Auto Components (0.4%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;241 | BorgWarner, Inc. | 10245 |
| Banks (3.0%) | Banks (3.0%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2424 | Regions Financial Corp. | 56261 |
| &nbsp;&nbsp;&nbsp;&nbsp;100 | Webster Financial Corp. | 5434 |
| &nbsp;&nbsp;&nbsp;&nbsp;53 | Wintrust Financial Corp. | 4846 |
| &nbsp;&nbsp;&nbsp;&nbsp;175 | Zions Bancorp | 9068 |
|  |  | 75609 |
| Biotechnology (2.7%) | Biotechnology (2.7%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;126 | Exact Sciences Corp.(a) | 5664 |
| &nbsp;&nbsp;&nbsp;&nbsp;486 | Neurocrine Biosciences, Inc.(a) | 61751 |
|  |  | 67415 |
| Capital Markets (3.2%) | Capital Markets (3.2%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;181 | LPL Financial Holdings, Inc. | 42844 |
| &nbsp;&nbsp;&nbsp;&nbsp;33 | MSCI, Inc., Class A | 16758 |
| &nbsp;&nbsp;&nbsp;&nbsp;312 | Nasdaq, Inc. | 21360 |
|  |  | 80962 |
| Chemicals (3.7%) | Chemicals (3.7%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;192 | Albemarle Corp. | 53374 |
| &nbsp;&nbsp;&nbsp;&nbsp;464 | Axalta Coating Systems, Ltd.(a) | 12454 |
| &nbsp;&nbsp;&nbsp;&nbsp;252 | Celanese Corp., Class A | 27039 |
|  |  | 92867 |
| Commercial Services & Supplies (0.2%) | Commercial Services & Supplies (0.2%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;106 | Stericycle, Inc.(a) | 5526 |
| Communications Equipment (1.3%) | Communications Equipment (1.3%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;237 | Arista Networks, Inc.(a) | 33014 |
| Construction & Engineering (0.3%) | Construction & Engineering (0.3%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;230 | MDU Resources Group, Inc. | 7243 |
| Consumer Finance (1.7%) | Consumer Finance (1.7%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1107 | Synchrony Financial | 41601 |
| Containers & Packaging (1.6%) | Containers & Packaging (1.6%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;343 | AptarGroup, Inc. | 36406 |
| &nbsp;&nbsp;&nbsp;&nbsp;87 | Ball Corp. | 4879 |
|  |  | 41285 |
| Diversified Financial Services (0.6%) | Diversified Financial Services (0.6%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;230 | Voya Financial, Inc. | 15175 |
| Electric Utilities (1.7%) | Electric Utilities (1.7%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;91 | Alliant Energy Corp. | 5123 |
| &nbsp;&nbsp;&nbsp;&nbsp;529 | Xcel Energy, Inc. | 37147 |
|  |  | 42270 |
| Electrical Equipment (1.9%) | Electrical Equipment (1.9%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;85 | Acuity Brands, Inc. | 16005 |
| &nbsp;&nbsp;&nbsp;&nbsp;418 | nVent Electric PLC | 16724 |
| &nbsp;&nbsp;&nbsp;&nbsp;120 | Regal-Beloit Corp. | 15733 |
|  |  | 48462 |
| Electronic Equipment, Instruments & Components (1.5%) | Electronic Equipment, Instruments & Components (1.5%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;201 | CDW Corp. | 37917 |
| Energy Equipment & Services (2.4%) | Energy Equipment & Services (2.4%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2087 | Baker Hughes Co. | 60565 |
| Entertainment (2.5%) | Entertainment (2.5%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;286 | Electronic Arts, Inc. | 37403 |
| &nbsp;&nbsp;&nbsp;&nbsp;2612 | Playtika Holding Corp.(a) | 24683 |
|  |  | 62086 |
| Equity Real Estate Investment Trusts (REITs) (6.2%) | Equity Real Estate Investment Trusts (REITs) (6.2%) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1342 | Healthpeak Properties, Inc. | 35241 |
| &nbsp;&nbsp;&nbsp;&nbsp;1807 | Omega Healthcare Investors, Inc. | 54716 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Security Description** | **Value** |
| **Common Stocks, continued:** | **Common Stocks, continued:** |  |
| Equity Real Estate Investment Trusts (REITs), continued: | Equity Real Estate Investment Trusts (REITs), continued: |  |
| 938 | Welltower, Inc. | $66626 |
|  |  | 156583 |
| Food & Staples Retailing (0.2%) | Food & Staples Retailing (0.2%) |  |
| 22 | Casey's General Stores, Inc. | 5346 |
| Food Products (1.9%) | Food Products (1.9%) |  |
| 269 | Conagra Brands, Inc. | 10217 |
| 227 | Darling Ingredients, Inc.(a) | 16305 |
| 302 | Kellogg Co. | 22031 |
|  |  | 48553 |
| Health Care Equipment & Supplies (2.0%) | Health Care Equipment & Supplies (2.0%) |  |
| 303 | Hologic, Inc.(a) | 23076 |
| 17 | IDEXX Laboratories, Inc.(a) | 7240 |
| 86 | West Pharmaceutical Services, Inc. | 20181 |
|  |  | 50497 |
| Health Care Providers & Services (3.2%) | Health Care Providers & Services (3.2%) |  |
| 96 | DaVita Healthcare Partners, Inc.(a) | 7078 |
| 699 | Encompass Health Corp. | 40877 |
| 138 | Guardant Health, Inc.(a) | 7223 |
| 1190 | Oak Street Health, Inc.(a) | 25728 |
|  |  | 80906 |
| Hotels, Restaurants & Leisure (2.7%) | Hotels, Restaurants & Leisure (2.7%) |  |
| 188 | Aramark | 7821 |
| 426 | Hilton Worldwide Holdings, Inc. | 60756 |
|  |  | 68577 |
| Household Products (1.1%) | Household Products (1.1%) |  |
| 187 | The Clorox Co. | 27798 |
| Independent Power and Renewable Electricity Producers (0.7%) | Independent Power and Renewable Electricity Producers (0.7%) |  |
| 572 | AES Corp. | 16542 |
| Insurance (4.5%) | Insurance (4.5%) |  |
| 71 | Principal Financial Group, Inc. | 6367 |
| 51 | Reinsurance Group of America, Inc. | 7365 |
| 768 | The Hartford Financial Services Group, Inc. | 58652 |
| 938 | Unum Group | 39565 |
|  |  | 111949 |
| Internet & Direct Marketing Retail (2.1%) | Internet & Direct Marketing Retail (2.1%) |  |
| 389 | Etsy, Inc.(a) | 51383 |
| IT Services (5.5%) | IT Services (5.5%) |  |
| 369 | Akamai Technologies, Inc.(a) | 35003 |
| 956 | Genpact, Ltd. | 44081 |
| 824 | Switch, Inc., Class A | 28222 |
| 880 | Teradata Corp.(a) | 30052 |
|  |  | 137358 |
| Life Sciences Tools & Services (1.1%) | Life Sciences Tools & Services (1.1%) |  |
| 201 | Azenta, Inc. | 12102 |
| 39 | Bio-Rad Laboratories, Inc., Class A(a) | 16174 |
|  |  | 28276 |
| Machinery (5.8%) | Machinery (5.8%) |  |
| 401 | Allison Transmission Holdings, Inc. | 17965 |
| 1040 | Gates Industrial Corp. PLC(a) | 12085 |
| 474 | Otis Worldwide Corp. | 37015 |
| 985 | Pentair PLC | 45083 |
| 204 | The Timken Co. | 15500 |
| 168 | The Toro Co. | 18646 |
|  |  | 146294 |
| Media (1.5%) | Media (1.5%) |  |
| 17 | Cable One, Inc. | 12313 |
| 90 | New York Times Co. | 3299 |
| 651 | The Interpublic Group of Cos., Inc. | 22368 |
|  |  | 37980 |
| Mortgage Real Estate Investment Trusts (REITs) (0.8%) | Mortgage Real Estate Investment Trusts (REITs) (0.8%) |  |
| 1893 | AGNC Investment Corp. | 18911 |
| Multiline Retail (1.9%) | Multiline Retail (1.9%) |  |
| 1125 | Kohl's Corp. | 36090 |

---

See notes to schedule of portfolio of investments.

**- 20 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Mid Cap Diverse Leadership Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Security Description** | **Value** |
| **Common Stocks, continued:** | **Common Stocks, continued:** |  |
| Multiline Retail, continued: | Multiline Retail, continued: |  |
| 519 | Nordstrom, Inc. | $10883 |
|  |  | 46973 |
| Multi-Utilities (3.1%) | Multi-Utilities (3.1%) |  |
| 1998 | CenterPoint Energy, Inc. | 62158 |
| 266 | Public Service Enterprise Group, Inc. | 16106 |
|  |  | 78264 |
| Oil, Gas & Consumable Fuels (2.5%) | Oil, Gas & Consumable Fuels (2.5%) |  |
| 1414 | EQT Corp. | 59968 |
| 23 | ONEOK, Inc. | 1539 |
|  |  | 61507 |
| Professional Services (3.8%) | Professional Services (3.8%) |  |
| 326 | Booz Allen Hamilton Holding Corp. | 34686 |
| 88 | Leidos Holdings, Inc. | 9621 |
| 334 | ManpowerGroup, Inc. | 29232 |
| 128 | Science Applications International Corp. | 14094 |
| 43 | Verisk Analytics, Inc. | 7900 |
|  |  | 95533 |
| Real Estate Management & Development (0.5%) | Real Estate Management & Development (0.5%) |  |
| 81 | Jones Lang LaSalle, Inc.(a) | 13622 |
| Semiconductors & Semiconductor Equipment (1.7%) | Semiconductors & Semiconductor Equipment (1.7%) |  |
| 579 | ON Semiconductor Corp.(a) | 43541 |
| Software (3.2%) | Software (3.2%) |  |
| 276 | Dropbox, Inc., Class A(a) | 6503 |
| 656 | Fortinet, Inc.(a) | 34873 |
| 115 | Hubspot, Inc.(a) | 34848 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Security Description** | **Value** |
| **Common Stocks, continued:** | **Common Stocks, continued:** |  |
| Software, continued: | Software, continued: |  |
| 298 | Informatica, Inc., Class A(a) | $5120 |
|  |  | 81344 |
| Specialty Retail (1.3%) | Specialty Retail (1.3%) |  |
| 22 | O'Reilly Automotive, Inc.(a) | 19020 |
| 50 | RH(a) | 14341 |
|  |  | 33361 |
| Technology Hardware, Storage & Peripherals (2.3%) | Technology Hardware, Storage & Peripherals (2.3%) |  |
| 353 | HP, Inc. | 10604 |
| 1250 | Western Digital Corp.(a) | 45938 |
|  |  | 56542 |
| Textiles, Apparel & Luxury Goods (3.5%) | Textiles, Apparel & Luxury Goods (3.5%) |  |
| 479 | Hanesbrands, Inc. | 3219 |
| 168 | Lululemon Athletica, Inc.(a) | 63892 |
| 522 | Tapestry, Inc. | 19716 |
|  |  | 86827 |
| Trading Companies & Distributors (0.5%) | Trading Companies & Distributors (0.5%) |  |
| 308 | Air Lease Corp. | 11895 |
| Water Utilities (0.6%) | Water Utilities (0.6%) |  |
| 92 | American Water Works Co., Inc. | 13962 |
| Total Common Stocks (Cost $2,254,333) | Total Common Stocks (Cost $2,254,333) | 2384368 |
| **Investment in Affiliates (3.5%)** | **Investment in Affiliates (3.5%)** |  |
| 88400 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(b) | 88400 |
| Total Investment in Affiliates (Cost $88,400) | Total Investment in Affiliates (Cost $88,400) | 88400 |
| Total Investments (Cost $2,342,733) — 98.5% | Total Investments (Cost $2,342,733) — 98.5% | 2472768 |
| Other assets in excess of liabilities — 1.5% | Other assets in excess of liabilities — 1.5% | 38158 |
| Net Assets -100.0% | Net Assets -100.0% | $2510926 |

---

(a) Non-income
 producing security.

(b) Money
 market investment. The rate presented on the Schedule of Portfolio Investments is the rate
 in effect at November 30, 2022.

See notes to schedule of portfolio of investments.

**- 21 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Opportunistic Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Security Description** | **Value** |
| **Common Stocks (84.6%)** | **Common Stocks (84.6%)** |  |
| Aerospace & Defense (5.5%) | Aerospace & Defense (5.5%) |  |
| 3171 | General Dynamics Corp. | $800329 |
| 2760 | Huntington Ingalls Industries, Inc. | 640209 |
| 1727 | Northrop Grumman Corp. | 920992 |
|  |  | 2361530 |
| Automobiles (0.6%) | Automobiles (0.6%) |  |
| 1236 | Tesla, Inc.(a) | 240649 |
| Beverages (6.2%) | Beverages (6.2%) |  |
| 5117 | Constellation Brands, Inc., Class A | 1316860 |
| 7331 | PepsiCo, Inc. | 1359974 |
|  |  | 2676834 |
| Biotechnology (6.8%) | Biotechnology (6.8%) |  |
| 4372 | AbbVie, Inc. | 704679 |
| 13710 | PTC Therapeutics, Inc.(a) | 568828 |
| 1038 | Regeneron Pharmaceuticals, Inc.(a) | 780265 |
| 2760 | Vertex Pharmaceuticals, Inc.(a) | 873264 |
|  |  | 2927036 |
| Chemicals (1.2%) | Chemicals (1.2%) |  |
| 7504 | Corteva, Inc. | 503969 |
| Construction & Engineering (2.1%) | Construction & Engineering (2.1%) |  |
| 10545 | AECOM | 896325 |
| Diversified Financial Services (2.4%) | Diversified Financial Services (2.4%) |  |
| 3297 | Berkshire Hathaway, Inc., Class B(a) | 1050424 |
| Electric Utilities (6.4%) | Electric Utilities (6.4%) |  |
| 10147 | American Electric Power Co., Inc. | 982230 |
| 22913 | FirstEnergy Corp. | 944932 |
| 9671 | NextEra Energy, Inc. | 819134 |
|  |  | 2746296 |
| Food & Staples Retailing (3.1%) | Food & Staples Retailing (3.1%) |  |
| 2498 | Costco Wholesale Corp. | 1347047 |
| Food Products (1.2%) | Food Products (1.2%) |  |
| 5846 | Lamb Weston Holdings, Inc. | 508017 |
| Health Care Providers & Services (7.9%) | Health Care Providers & Services (7.9%) |  |
| 6887 | Cardinal Health, Inc. | 552131 |
| 9170 | CVS Health Corp. | 934239 |
| 2888 | McKesson Corp. | 1102292 |
| 1446 | UnitedHealth Group, Inc. | 792061 |
|  |  | 3380723 |
| Hotels, Restaurants & Leisure (1.3%) | Hotels, Restaurants & Leisure (1.3%) |  |
| 2066 | McDonald's Corp. | 563584 |
| Insurance (3.1%) | Insurance (3.1%) |  |
| 10095 | American International Group, Inc. | 637096 |
| 6307 | Prudential Financial, Inc. | 681345 |
|  |  | 1318441 |
| Interactive Media & Services (1.6%) | Interactive Media & Services (1.6%) |  |
| 6958 | Alphabet, Inc., Class C(a) | 705889 |
| Internet & Direct Marketing Retail (1.4%) | Internet & Direct Marketing Retail (1.4%) |  |
| 6198 | Amazon.com, Inc.(a) | 598355 |
| IT Services (1.6%) | IT Services (1.6%) |  |
| 2214 | Accenture PLC, Class A | 666259 |
| Machinery (1.9%) | Machinery (1.9%) |  |
| 8260 | Westinghouse Air Brake Technologies Corp. | 835003 |
| Oil, Gas & Consumable Fuels (5.4%) | Oil, Gas & Consumable Fuels (5.4%) |  |
| 13529 | Devon Energy Corp. | 927007 |
| 7382 | Exxon Mobil Corp. | 821912 |
| 2355 | Pioneer Natural Resources Co. | 555756 |
|  |  | 2304675 |
| Pharmaceuticals (5.2%) | Pharmaceuticals (5.2%) |  |
| 6865 | Johnson & Johnson | 1221970 |
| 9011 | Merck & Co., Inc. | 992291 |
|  |  | 2214261 |
| Semiconductors & Semiconductor Equipment (2.2%) | Semiconductors & Semiconductor Equipment (2.2%) |  |
| 1712 | Broadcom, Inc. | 943363 |

---

---

| | | |
|:---|:---|:---|
| **Shares** | **Security Description** | **Value** |
| **Common Stocks, continued:** | **Common Stocks, continued:** |  |
| Software (8.8%) | Software (8.8%) |  |
| 6248 | Microsoft Corp. | $1594115 |
| 5794 | Palo Alto Networks, Inc.(a) | 984401 |
| 2836 | Salesforce, Inc.(a) | 454469 |
| 19447 | Tenable Holdings, Inc.(a) | 742486 |
|  |  | 3775471 |
| Technology Hardware, Storage & Peripherals (5.9%) | Technology Hardware, Storage & Peripherals (5.9%) |  |
| 10403 | Apple, Inc. | 1539956 |
| 33483 | Pure Storage, Inc.(a) | 977369 |
|  |  | 2517325 |
| Wireless Telecommunication Services (2.8%) | Wireless Telecommunication Services (2.8%) |  |
| 7853 | T-Mobile US, Inc.(a) | 1189415 |
| Total Common Stocks (Cost $33,651,949) | Total Common Stocks (Cost $33,651,949) | 36270891 |
| **Investment Companies (1.9%)** | **Investment Companies (1.9%)** |  |
| 9410 | ProShares UltraPro Short QQQ | 389386 |
| 28950 | ProShares UltraPro Short S&P 500 | 411090 |
| Total Investment Companies (Cost $873,329) | Total Investment Companies (Cost $873,329) | 800476 |
| **Investment in Affiliates (13.4%)** | **Investment in Affiliates (13.4%)** |  |
| 5759399 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(b) | 5759399 |
| Total Investment in Affiliates (Cost $5,759,399) | Total Investment in Affiliates (Cost $5,759,399) | 5759399 |
| Total Investments (Cost $40,284,677) — 99.9% | Total Investments (Cost $40,284,677) — 99.9% | 42830766 |
| Other assets in excess of liabilities — 0.1% | Other assets in excess of liabilities — 0.1% | 28081 |
| Net Assets -100.0% | Net Assets -100.0% | $42858847 |

---

See notes to schedule of portfolio of investments.

**- 22 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Opportunistic Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

(a) Non-income
producing security.

(b) Money
market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022.

See notes to schedule of portfolio of investments.

**- 23 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | World Energy Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Common Stocks (90.3%)** | **Common Stocks (90.3%)** | |
| Chemicals (2.9%) | Chemicals (2.9%) |  |
| 3500 | Albemarle Corp. | $972965 |
| 3000 | Linde PLC. | 1009440 |
| 27000 | Livent Corp.(a) | 755730 |
|  |  | 2738135 |
| Construction & Engineering (0.1%) | Construction & Engineering (0.1%) |  |
| 1500 | Ameresco, Inc.(a) | 98280 |
| Electric Utilities (0.1%) | Electric Utilities (0.1%) |  |
| 46 | ALLETE, Inc. | 3045 |
| 151 | Duke Energy Corp. | 15089 |
| 24 | Eversource Energy | 1989 |
| 79 | Fortis, Inc. | 3183 |
| 11 | IDACORP, Inc. | 1216 |
| 31 | MGE Energy, Inc. | 2232 |
| 478 | NextEra Energy, Inc. | 40487 |
| 66 | Otter Tail Corp. | 3935 |
| 209 | The Southern Co. | 14137 |
| 23 | Xcel Energy, Inc. | 1615 |
|  |  | 86928 |
| Electrical Equipment (1.6%) | Electrical Equipment (1.6%) |  |
| 140000 | Ballard Power Systems, Inc.(a) | 854000 |
| 5000 | Bloom Energy Corp., Class A(a) | 106450 |
| 60000 | Vestas Wind Systems A/S ADR | 507000 |
|  |  | 1467450 |
| Energy Equipment & Services (19.3%) | Energy Equipment & Services (19.3%) |  |
| 465 | Baker Hughes Co. | 13494 |
| 105474 | Halliburton Co. | 3996410 |
| 50000 | Noble Corp. PLC(a) | 1856500 |
| 100000 | Patterson-UTI Energy, Inc. | 1795000 |
| 65729 | Schlumberger NV. | 3388330 |
| 34176 | Tenaris SA ADR | 1178047 |
| 50000 | Valaris, Ltd.(a) | 3300500 |
| 60000 | Weatherford International PLC(a) | 2604000 |
|  |  | 18132281 |
| Gas Utilities (0.0%^) | Gas Utilities (0.0%^) |  |
| 34 | Brookfield Infrastructure Corp., Class A | 1594 |
| 20 | Chesapeake Utilities Corp. | 2394 |
| 81 | National Fuel & Gas Co. | 5365 |
|  |  | 9353 |
| Independent Power and Renewable Electricity Producers (0.0%^) | Independent Power and Renewable Electricity Producers (0.0%^) |  |
| 132 | Ormat Technologies, Inc. | 11937 |
| 15 | Sunnova Energy International, Inc.(a) | 342 |
| 86 | TransAlta Corp. | 804 |
|  |  | 13083 |
| Multi-Utilities (0.1%) | Multi-Utilities (0.1%) |  |
| 40 | CMS Energy Corp. | 2443 |
| 496 | Dominion Resources, Inc. | 30310 |
| 61 | DTE Energy Co. | 7077 |
| 601 | National Grid PLC ADR | 37022 |
| 212 | Sempra Energy | 35232 |
| 36 | WEC Energy Group, Inc. | 3569 |
|  |  | 115653 |
| Oil, Gas & Consumable Fuels (65.1%) | Oil, Gas & Consumable Fuels (65.1%) |  |
| 65000 | APA Corp. | 3045250 |
| 20000 | BP PLC ADR | 718000 |
| 57000 | Cameco Corp. | 1389660 |
| 1793 | Canadian Natural Resources, Ltd. | 107078 |
| 9000 | Cheniere Energy, Inc. | 1578240 |
| 33000 | Chesapeake Energy Corp. | 3415500 |
| 3245 | Chevron Corp. | 594841 |
| 100000 | Comstock Resources, Inc. | 1835000 |
| 25202 | ConocoPhillips | 3112699 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Common Stocks, continued:** | **Common Stocks, continued:** |  |
| Oil, Gas & Consumable Fuels, continued: | Oil, Gas & Consumable Fuels, continued: |  |
| 60000 | Coterra Energy, Inc. | $1674600 |
| 50000 | Devon Energy Corp. | 3426000 |
| 16000 | Diamondback Energy, Inc. | 2368320 |
| 35245 | Enbridge, Inc. | 1455266 |
| 17090 | EOG Resources, Inc. | 2425584 |
| 31712 | Exxon Mobil Corp. | 3530814 |
| 20000 | Hess Corp. | 2878200 |
| 100000 | Marathon Oil Corp. | 3063000 |
| 18461 | Marathon Petroleum Corp. | 2248734 |
| 90000 | Occidental Petroleum Corp. | 6254100 |
| 21307 | ONEOK, Inc. | 1425864 |
| 8949 | Phillips 66 | 970430 |
| 12000 | Pioneer Natural Resources Co. | 2831880 |
| 3586 | Shell PLC ADR | 209673 |
| 250000 | Southwestern Energy Co.(a) | 1730000 |
| 100000 | Suncor Energy, Inc. | 3287000 |
| 28437 | TC Energy Corp. | 1264878 |
| 5578 | The Williams Cos., Inc. | 193557 |
| 10302 | Valero Energy Corp. | 1376553 |
| 105000 | Woodside Energy Group, Ltd. ADR | 2648100 |
|  |  | 61058821 |
| Semiconductors & Semiconductor Equipment (1.0%) | Semiconductors & Semiconductor Equipment (1.0%) |  |
| 3000 | SolarEdge Technologies, Inc.(a) | 896580 |
| Water Utilities (0.1%) | Water Utilities (0.1%) |  |
| 282 | American States Water Co. | 27633 |
| 412 | American Water Works Co., Inc. | 62525 |
| 38 | California Water Service Group. | 2468 |
| 609 | Essential Utilities, Inc. | 29378 |
| 49 | Middlesex Water Co. | 4579 |
| 11 | The York Water Co. | 503 |
|  |  | 127086 |
| Total Common Stocks (Cost $63,764,359) | Total Common Stocks (Cost $63,764,359) | 84743650 |
| **Corporate Bonds (5.2%)** | **Corporate Bonds (5.2%)** |  |
| Energy Equipment & Services (1.0%) | Energy Equipment & Services (1.0%) |  |
| $400000 | Schlumberger Holdings Corp., 3.90%, 5/17/28, Callable 2/17/28 @ 100 \*(b) | 376918 |
| 600000 | Valaris, Ltd., 8.25%, 4/30/28, Callable 4/30/23 @ 104\* | 594633 |
|  |  | 971551 |
| Oil, Gas & Consumable Fuels (4.2%) | Oil, Gas & Consumable Fuels (4.2%) |  |
| 1100000 | Baker Hughes Holdings LLC / Baker Hughes Co-Obligor, Inc., 3.34%, 12/15/27, Callable 9/15/27 @ 100 \* | 1024674 |
| 725000 | Enbridge, Inc., 1.60%, 10/4/26, Callable 4/9/26 @ 100 \* | 636692 |
| 300000 | Enbridge, Inc., 4.00%, 10/1/23, Callable 1/7/23 @ 100 \* | 296595 |
| 550000 | Matador Resources Co., 5.88%, 9/15/26, Callable 12/27/22 @ 103 \* | 538937 |
| 400000 | Range Resources Corp., 8.25%, 1/15/29, Callable 1/15/24 @ 104 \* | 413900 |
| 1100000 | Shell International Finance BV, 2.75%, 4/6/30, Callable 6/1/30 @ 100 \* | 972607 |
|  |  | 3883405 |
| Total Corporate Bonds (Cost $5,028,802) | Total Corporate Bonds (Cost $5,028,802) | 4854956 |

---

See notes to schedule of portfolio of investments.

**- 24 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | World Energy Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Investment Companies (3.2%)** | **Investment Companies (3.2%)** | |
| 16000 | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares | $2929760 |
| Total Investment Companies (Cost $3,116,824) | Total Investment Companies (Cost $3,116,824) | 2929760 |

---

---

| | | |
|:---|:---|:---|
| **Investment in Affiliates (1.0%)** | **Investment in Affiliates (1.0%)** | |
| 974394 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(c) | 974394 |
| Total Investment in Affiliates (Cost $974,394) | Total Investment in Affiliates (Cost $974,394) | 974394 |

---

---

| | |
|:---|:---|
| Total Investments (Cost $72,884,379) — 99.7% | 93502760 |
| Other assets in excess of liabilities — 0.3% | 324845 |
| Net Assets - 100.0% | $93827605 |

---

The Adviser has determined that 45.0% of the Fund's net assets comprise securities of issuers which are either foreign domiciled or derive more than 50% of its assets, revenue or income outside of the United States.

---

| | |
|:---|:---|
| (a) | Non-income producing security. |
| (b) | Represents a restricted security, purchased under Rule 144A, Section 4(2), which is exempt from registration under the Securities Act of 1933, as amended. The security has been deemed liquid according to the policies and procedures adopted by the Board of Trustees. |
| (c) | Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022. |
| \* | Represents next call date. Additional subsequent call dates and amounts may apply to this security. |
| ^ | Represent less than 0.05%. |

---

ADR American Depositary Receipt

See notes to schedule of portfolio of investments.

**- 25 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Hedged Income Fund |
| November 30, 2022 (Unaudited) | |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Common Stocks+ (101.3%)** | **Common Stocks+ (101.3%)** | |
| Aerospace & Defense (2.7%) | Aerospace & Defense (2.7%) |  |
| 10200 | Raytheon Technologies Corp. | $1006944 |
| Beverages (9.0%) | Beverages (9.0%) |  |
| 9400 | PepsiCo, Inc. | 1743794 |
| 25200 | The Coca-Cola Co. | 1602972 |
|  |  | 3346766 |
| Biotechnology (5.7%) | Biotechnology (5.7%) |  |
| 13200 | AbbVie, Inc. | 2127576 |
| Capital Markets (6.5%) | Capital Markets (6.5%) |  |
| 1800 | BlackRock, Inc. | 1288800 |
| 12300 | Morgan Stanley. | 1144761 |
|  |  | 2433561 |
| Chemicals (3.3%) | Chemicals (3.3%) |  |
| 24000 | Dow, Inc. | 1223280 |
| Communications Equipment (3.3%) | Communications Equipment (3.3%) |  |
| 24600 | Cisco Systems, Inc. | 1223112 |
| Containers & Packaging (2.6%) | Containers & Packaging (2.6%) |  |
| 7200 | Packaging Corp. of America | 978408 |
| Diversified Telecommunication Services (3.3%) | Diversified Telecommunication Services (3.3%) |  |
| 31700 | Verizon Communications, Inc. | 1235666 |
| Electric Utilities (12.5%) | Electric Utilities (12.5%) |  |
| 17000 | American Electric Power Co., Inc. | 1645600 |
| 18600 | Duke Energy Corp. | 1858698 |
| 28100 | FirstEnergy Corp. | 1158844 |
|  |  | 4663142 |
| Electrical Equipment (2.9%) | Electrical Equipment (2.9%) |  |
| 11300 | Emerson Electric Co. | 1082201 |
| Electronic Equipment, Instruments & Components (2.4%) | Electronic Equipment, Instruments & Components (2.4%) |  |
| 26200 | Corning, Inc. | 894206 |
| Equity Real Estate Investment Trusts (REITs) (5.8%) | Equity Real Estate Investment Trusts (REITs) (5.8%) |  |
| 6400 | Crown Castle International Corp. | 905152 |
| 38400 | STAG Industrial, Inc. | 1263744 |
|  |  | 2168896 |
| Health Care Providers & Services (3.4%) | Health Care Providers & Services (3.4%) |  |
| 15700 | Cardinal Health, Inc. | 1258669 |
| Hotels, Restaurants & Leisure (2.8%) | Hotels, Restaurants & Leisure (2.8%) |  |
| 3800 | McDonald's Corp. | 1036602 |

---

---

| | | |
|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** | **Security Description** | **Value** |
| **Common Stocks+, continued:** | **Common Stocks+, continued:** | |
| Household Products (2.4%) | Household Products (2.4%) |  |
| 6100 | The Procter & Gamble Co. | $909876 |
| Oil, Gas & Consumable Fuels (14.5%) | Oil, Gas & Consumable Fuels (14.5%) |  |
| 38900 | Coterra Energy, Inc. | 1085699 |
| 21600 | ONEOK, Inc. | 1445472 |
| 15800 | Phillips 66 | 1713352 |
| 5000 | Pioneer Natural Resources Co. | 1179950 |
|  |  | 5424473 |
| Pharmaceuticals (9.1%) | Pharmaceuticals (9.1%) |  |
| 19100 | AstraZeneca PLC ADR | 1298227 |
| 18900 | Merck & Co., Inc. | 2081268 |
|  |  | 3379495 |
| Semiconductors & Semiconductor Equipment (3.0%) | Semiconductors & Semiconductor Equipment (3.0%) |  |
| 2000 | Broadcom, Inc. | 1102060 |
| Specialty Retail (2.5%) | Specialty Retail (2.5%) |  |
| 2900 | The Home Depot, Inc. | 939571 |
| Trading Companies & Distributors (3.6%) | Trading Companies & Distributors (3.6%) |  |
| 15700 | MSC Industrial Direct Co., Inc. | 1347531 |
| Total Common Stocks (Cost $35,996,148). | Total Common Stocks (Cost $35,996,148). | 37782035 |
| **Purchased Options (1.3%)^** | **Purchased Options (1.3%)^** |  |
| 136 | American Electric Power Co., Inc. | 25840 |
| 120 | Duke Energy Corp. | 26400 |
| 10 | S&P 500 Index | 57350 |
| 40 | SPDR S&P 500 ETF Trust | 21400 |
| 393 | SPDR S&P 500 ETF Trust | 328548 |
| 200 | Verizon Communications, Inc. | 21000 |
| Total Purchased Options (Cost $1,330,243). | Total Purchased Options (Cost $1,330,243). | 480538 |
| **Investment in Affiliates (3.9%)** | **Investment in Affiliates (3.9%)** |  |
| 1468086 | Cavanal Hill Government Securities Money Market Fund, Select Shares, 3.67%(a) | 1468086 |
| Total Investment in Affiliates (Cost $1,468,086) | Total Investment in Affiliates (Cost $1,468,086) | 1468086 |
| Total Investments (Cost $38,794,477) — 106.5% | Total Investments (Cost $38,794,477) — 106.5% | 39730659 |
| Liabilities in excess of other assets — (6.5)% | Liabilities in excess of other assets — (6.5)% | (2426409) |
| Net Assets - 100.0% | Net Assets - 100.0% | $37304250 |

---

(a) Money market investment. The rate presented on the Schedule of Portfolio Investments is the rate in effect at November 30, 2022. <br> + All or a portion of each common stock has been pledged as collateral for outstanding call options written.

ADR American Depositary Receipt <br> ETF Exchange Traded Fund <br> ^ See Options table below for more details.

See notes to schedule of portfolio of investments.

**- 26 -**

---

| | |
|:---|:---|
| **Schedule of Portfolio Investments** | Hedged Income Fund |
| November 30, 2022 (Unaudited) | Concluded |

---

At November 30, 2022, the Fund's exchange traded options purchased were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Put/<br> Call** | **Strike Price** | **Expiration<br> Date** | **Contracts** | **Notional<br> Amount(a)** | **Fair Value** |
| American Electric Power Co., Inc. | Put | 80.00 USD | 5/19/23 | 136 | $10880 | $25840 |
| Duke Energy Corp. | Put | 90.00 USD | 4/21/23 | 120 | 10800 | 26400 |
| S&P 500 Index | Put | 3500.00 USD | 4/21/23 | 10 | 35000 | 57350 |
| SPDR S&P 500 ETF Trust | Put | 360.00 USD | 3/17/23 | 40 | 14400 | 21400 |
| SPDR S&P 500 ETF Trust | Put | 373.00 USD | 3/17/23 | 393 | 146589 | 328548 |
| Verizon Communications, Inc. | Put | 35.00 USD | 4/21/23 | 200 | 7000 | 21000 |
| Total (Cost $1,330,243) |  |  |  |  |  | $480538 |

---

At November 30, 2022, the Fund's exchange traded options written were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Strike Price** | **Expiration<br> Date** | **Contracts** | **Notional<br> Amount(a)** | **Fair Value** |
| Abbvie, Inc. Call | 165.00 USD | 12/16/22 | 36 | $5940 | $(3960) |
| Abbvie, Inc. Call | 125.00 USD | 6/16/23 | 6 | 750 | (22800) |
| Abbvie, Inc. Call | 115.00 USD | 1/19/24 | 90 | 10350 | (442800) |
| American Electric Power Co., Inc. Call | 97.50 USD | 1/20/23 | 96 | 9360 | (29472) |
| AstraZeneca PLC Call | 65.00 USD | 12/23/22 | 187 | 12155 | (62645) |
| BlackRock, Inc. Call | 670.00 USD | 12/16/22 | 17 | 11390 | (59160) |
| Broadcom, Inc. Call | 550.00 USD | 12/30/22 | 20 | 11000 | (40000) |
| Cardinal Health, Inc. Call | 77.00 USD | 12/23/22 | 153 | 11781 | (58140) |
| Cisco Systems, Inc. Call | 50.00 USD | 12/16/22 | 240 | 12000 | (18480) |
| Coca-Cola Co. The Call | 64.00 USD | 12/16/22 | 66 | 4224 | (4290) |
| Coca-Cola Co. The Call | 57.50 USD | 2/17/23 | 186 | 10695 | (125550) |
| Coterra Energy, Inc. Call | 31.00 USD | 12/16/22 | 389 | 12059 | (5835) |
| Dow, Inc. Call | 53.00 USD | 12/2/22 | 235 | 12455 | (705) |
| Emerson Electric Co. Call | 85.00 USD | 1/20/23 | 110 | 9350 | (125400) |
| Home Depot, Inc. The Call | 330.00 USD | 12/23/22 | 28 | 9240 | (15260) |
| McDonald's Corp. Call | 280.00 USD | 12/30/22 | 37 | 10360 | (7696) |
| Merck Co., Inc. Call | 85.00 USD | 2/17/23 | 150 | 12750 | (372750) |
| Merck Co., Inc. Call | 97.50 USD | 6/16/23 | 35 | 3413 | (55020) |
| Morgan Stanley Call | 92.00 USD | 12/2/22 | 1 | 92 | (155) |
| Morgan Stanley Call | 96.00 USD | 12/16/22 | 122 | 11712 | (11468) |
| MSC Industrial Direct Co. Call | 85.00 USD | 12/16/22 | 153 | 13005 | (38250) |
| ONEOK, Inc. Call | 60.00 USD | 1/20/23 | 124 | 7440 | (102052) |
| ONEOK, Inc. Call | 70.00 USD | 1/20/23 | 87 | 6090 | (15660) |
| Packaging Corp. of America Call | 135.00 USD | 12/16/22 | 70 | 9450 | (28700) |
| PepsiCo, Inc. Call | 192.50 USD | 12/16/22 | 94 | 18095 | (1692) |
| Phillips 66 Call | 95.00 USD | 1/20/23 | 10 | 950 | (14640) |
| Phillips 66 Call | 95.00 USD | 2/17/23 | 144 | 13680 | (233280) |
| Procter Gamble Co. The Call | 142.00 USD | 12/23/22 | 60 | 8520 | (45600) |
| Raytheon Technologies Corp. Call | 95.00 USD | 12/30/22 | 100 | 9500 | (38500) |
| Total (Premiums $(1947093)) |  |  |  |  | $(1979960) |

---

(a) Notional
 amount is expressed as the number of contracts multiplied by the strike price of the underlying
 asset.

See notes to schedule of portfolio of investments.

**- 27 -**

**1.** **Restricted Securities:** 

A restricted security is a security that has been purchased through a private offering and cannot be resold to the general public without prior registration under the Securities Act of 1933 (the "1933 Act") or pursuant to the resale limitations provided by Rule 144 under the 1933 Act or an exemption from the registration requirements of the 1933 Act. Whether a restricted security is illiquid is determined pursuant to guidelines established by the Board. Not all restricted securities are considered illiquid. The illiquid, restricted securities held as of November 30, 2022 are identified below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Security** | **Acquisition<br> Date** | **Acquisition<br> Cost** | **Principal<br> Amount** | **Fair<br> Value** |
| **Strategic Enhanced Yield Fund:** |  |  |  |  |
| Brean Asset Backed Securities Trust, Series 2021-RM1, M1, 1.60%, 10/25/63 | &nbsp;&nbsp;3/25/21 | 323881 | 354239 | 194831 |

---

2. Affiliated
 Transactions:

A summary of each Fund's investment in an affiliated money market fund (Government Securities Money Market Fund, Select Shares) for the period ending November 30, 2022 is noted below:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Fund** | **Fair Value**<br>**8/31/22** |<br>**Purchases** |<br>**Sales** | **Net Realized<br> Gains/**<br>**(Losses)** | **Net Change in <br>Unrealized<br> Appreciation/**<br>**(Depreciation)** | **Fair Value**<br>**11/30/22** | **Shares as of**<br>**11/30/22** | **Dividend**<br>**Income** |
| Limited Duration Fund | $1667001 | $6917395 | $(6530089) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $2054307 | 2054307 | $12703 |
| Moderate Duration Fund | 816231 | 5417668 | (4563026) |  |  | 1670873 | 1670873 | 8427 |
| Bond Fund | 6466384 | 22977258 | (23638090) |  |  | 5805552 | 5805552 | 25057 |
| Strategic Enhanced Yield Fund | 456996 | 4511404 | (3533676) |  |  | 1434724 | 1434724 | 7393 |
| Ultra Short Tax-Free Income Fund | 20027 | 4439422 | (4130104) |  |  | 329345 | 329345 | 2920 |
| Mid Cap Diverse Leadership Fund | 40468 | 181069 | (133137) |  |  | 88400 | 88400 | 368 |
| Opportunistic Fund | 3531733 | 10216628 | (7988962) |  |  | 5759399 | 5759399 | 30650 |
| World Energy Fund | 712430 | 20420868 | (20158904) |  |  | 974394 | 974394 | 9724 |
| Hedged Income Fund | 941095 | 3706864 | (3179873) | - | - | 1468086 | 1468086 | 7700 |
|  | $14652365 | $78788576 | $(73855861) | $- | $- | $19585080 | 19585080 | $104942 |

---

**- 28 -**

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Cavanal Hill Funds

- **b. Investment Company Act file number:** 811-06114

- **c. CIK number of Registrant:** 0000864508

- **d. LEI of Registrant:** 5493008U4I3BDPVDR774

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

  - **Street Address 1:** 4400 Easton Commons

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43219

  - **Telephone number:** 800-762-7085

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

- **a. Name of Series:** Strategic Enhanced Yield Fund

- **b. EDGAR series identifier (if any):** S000060080

- **c. LEI of Series:** 549300SNHFS6766I4K33

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $9184063.31

**Total Liabilities:** $634893.10

**Net Assets:** $8549170.21

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5.98304719 | **1-Year:** -276.32992841 | **5-Year:** -832.78773798 | **10-Year:** -679.05388812 | **30-Year:** -230.00704561

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

- **3-Month:** -0.98685951 | **1-Year:** -42.38976310 | **5-Year:** -200.46734704 | **10-Year:** -129.92511881 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196702 | -2.83%               | -1.02%               | -0.26%               |
| Class ID C000196701 | -2.75%               | -1.01%               | -0.25%               |
| Class ID C000196700 | -2.87%               | -0.92%               | -0.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-878.57                 | $-307408.13                                |
| Month 2  | $-108862.87              | $-18138.61                                 |
| Month 3  | $-1303386.86             | $1253186.29                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States of America                                                                      | U S TREASURY NOTE                               | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    360000 | PA      | $336150.00    | 3.93%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL METALS COMPANY                                                                     | COMMERCIAL METALS CO                            | CUSIP: 201723AP8<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | DBT              | CORP              | US        |     90000 | PA      | $74539.70     | 0.87%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                                   | VERIZON COMMUNICATIONS INC                      | CUSIP: 92343VEP5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90188.75     | 1.05%             | 2025-05-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC.                                                                         | FREEPORT MCMORAN INC                            | CUSIP: 35671DCF0<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     90000 | PA      | $80192.18     | 0.94%             | 2030-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY BOND                               | CUSIP: 912810QN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    360000 | PA      | $399093.75    | 4.67%             | 2041-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION STRIP     | CUSIP: 31364HZ34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.01         | 0.00%             | 2023-10-25      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC.                                                                                | CITIGROUP INC                                   | CUSIP: 172967KJ9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88632.19     | 1.04%             | 2026-03-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CSX Corporation                                                                               | CSX CORP                                        | CUSIP: 126408HH9<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42375.41     | 0.50%             | 2027-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Embraer Netherlands Finance B.V.                                                              | EMBRAER NETHERLANDS FINANCE BV                  | CUSIP: 29082HAB8<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    180000 | PA      | $172800.00    | 2.02%             | 2027-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 31418ELY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    270000 | PA      | $273133.24    | 3.19%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                         | WACHOVIA CORP                                   | CUSIP: 929903AM4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88229.37     | 1.03%             | 2035-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORPORATION                                                              | OCCIDENTAL PETROLEUM CORP                       | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91313.55     | 1.07%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Celulosa Arauco y Constitucion S.A.                                                           | CELULOSA ARAUCO Y CONSTITUCION SA               | CUSIP: 151191AZ6<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $196507.68    | 2.30%             | 2024-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA, INC.                                                                            | T MOBILE USA INC                                | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79506.17     | 0.93%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC.                                                                         | HOWMET AEROSPACE INC                            | CUSIP: 013817AJ0<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89100.00     | 1.04%             | 2027-02-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION STRIP     | CUSIP: 31364HV87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.02         | 0.00%             | 2023-09-25      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                   | BANK OF AMERICA CORP                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     90000 | PA      | $81931.76     | 0.96%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY BOND                               | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    560000 | PA      | $366143.75    | 4.28%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS COMPANY                                                                        | GENERAL MOTORS CO                               | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43324.56     | 0.51%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ST. MARYS CEMENT INC. (CANADA)                                                                | ST MARYS CEMENT INC CANADA                      | CUSIP: 78478EAA6<br>LEI: 5493009981WBHS86CJ89 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $199544.83    | 2.33%             | 2027-01-28      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY BOND                               | CUSIP: 912810FT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180000 | PA      | $195525.00    | 2.29%             | 2036-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES TRUST                                                           | BREAN ASSET BACKED SECURITIES TRUST 2021 RM1    | CUSIP: 10638CAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    354239 | PA      | $194831.35    | 2.28%             | 2063-10-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORPORATION                                                                   | RANGE RESOURCES CORP                            | CUSIP: 75281ABJ7<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93127.50     | 1.09%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENERGY PARTNERS, L.P.                                                           | KINDER MORGAN ENERGY PARTNERS LP                | CUSIP: 494550BK1<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82185.79     | 0.96%             | 2041-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                                        | LOWE S COS INC                                  | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43560.10     | 0.51%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                                                            | FORD MOTOR CO                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     90000 | PA      | $71455.79     | 0.84%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                                | MORGAN STANLEY                                  | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    180000 | PA      | $169804.55    | 1.99%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY NOTE                               | CUSIP: 9128286T2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $247819.92    | 2.90%             | 2029-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                                 | GOLDMAN SACHS GROUP INC THE                     | CUSIP: 38141GYH1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84975.41     | 0.99%             | 2027-09-10      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY NOTE                               | CUSIP: 912828K74<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180000 | PA      | $169994.53    | 1.99%             | 2025-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC.                                                                                     | AT T INC                                        | CUSIP: 00206RGD8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90415.62     | 1.06%             | 2024-06-12      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| THE FEDERAL HOME LOAN BANKS                                                                   | FEDERAL HOME LOAN BANK                          | CUSIP: 3130AFFX0<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |     90000 | PA      | $86884.82     | 1.02%             | 2028-11-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY NOTE                               | CUSIP: 912828WJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $436500.00    | 5.11%             | 2024-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC.                                                                         | CLEVELAND CLIFFS INC                            | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $78075.00     | 0.91%             | 2031-03-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION          | CUSIP: 3132DWFE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    448595 | PA      | $423325.59    | 4.95%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PT Indonesia Asahan Aluminium (Persero)                                                       | INDONESIA ASAHAN ALUMINIUM PERSERO PT           | CUSIP: 74445PAE2<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | CORP              | ID        |    200000 | PA      | $195525.00    | 2.29%             | 2025-05-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| THE BOEING COMPANY                                                                            | BOEING CO THE                                   | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89000.46     | 1.04%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Cavanal Hill Funds: Cavanal Hill Government Securities Money Market Fund; Select Class Shares | CAVANAL HILL GOVERNMENT SECURITIES MONEY MARKET | CUSIP: 14956P810<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1434724 | NS      | $1434723.73   | 16.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Petroleos Mexicanos                                                                           | PETROLEOS MEXICANOS                             | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    180000 | PA      | $163041.26    | 1.91%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Orbia Advance Corporation S.A.B. de CV                                                        | ORBIA ADVANCE CORP SAB DE CV                    | CUSIP: 59284BAF5<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $182307.80    | 2.13%             | 2027-10-04      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                          | JPMORGAN CHASE CO                               | CUSIP: 46625HRX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84359.34     | 0.99%             | 2027-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    311630 | PA      | $302579.61    | 3.54%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                          | JPMORGAN CHASE CO                               | CUSIP: 46625HHF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     90000 | PA      | $98839.40     | 1.16%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                                   | FEDERAL HOME LOAN MORTGAGE CORPORATION          | CUSIP: 3132DWE74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    310565 | PA      | $308526.78    | 3.61%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORPORATION                                                                        | CVS HEALTH CORP                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87470.30     | 1.02%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                   | BANK OF AMERICA CORP                            | CUSIP: 06051GHE2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89873.60     | 1.05%             | 2024-03-05      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                                                                    | APPLE INC                                       | CUSIP: 037833EQ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     45000 | PA      | $39149.55     | 0.46%             | 2052-08-08      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                                 | GOLDMAN SACHS GROUP INC THE                     | CUSIP: 38141GVR2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88149.21     | 1.03%             | 2025-10-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                      | U S TREASURY NOTE                               | CUSIP: 912828ZB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    360000 | PA      | $320821.88    | 3.75%             | 2027-02-28      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                         | FEDERAL NATIONAL MORTGAGE ASSOCIATION           | CUSIP: 3135G0K36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90000 | PA      | $84339.16     | 0.99%             | 2026-04-24      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association 2                                                    | GOVERNMENT NATIONAL MORTGAGE CORPORATION        | CUSIP: 36179XHW9<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    269487 | PA      | $249619.93    | 2.92%             | 2052-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Cavanal Hill Funds

**Signature:** Denise Lewis

**Name of Signer:** Denise Lewis

**Title:** Treasurer