Lord Abbett Trust I NPORT-P Lord Abbett Emerging Markets Equity Fund (Apr 2022 report)

Lord Abbett
Quarterly Portfolio Holdings Report

Lord Abbett
Climate Focused Bond Fund
Emerging Markets Equity Fund
International Growth Fund
Mid Cap Innovation Growth Fund
Short Duration High Yield Fund

For the period ended April 30, 2022

Schedule of Investments (unaudited)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
LONG-TERM INVESTMENTS 93.54%
ASSET-BACKED SECURITIES 2.34%
Automobiles 0.96%
Tesla Auto Lease Trust 2019-A C†	2.68%	1/20/2023	$	125,000	$	124,990
Tesla Auto Lease Trust 2021-A B†	1.02%	3/20/2025		100,000		95,949
Total						220,939
Other 1.38%
Aqua Finance Trust 2021-A C†	3.14%	7/17/2046		110,000		96,809
GoodLeap Sustainable Home Solutions Trust 2022-1GS A†	2.70%	1/20/2049		145,159		132,884
Sunrun Demeter Issuer 2021-2A A†	2.27%	1/30/2057		99,266		88,415
Total						318,108
Total Asset-Backed Securities (cost $581,031)						539,047
CONVERTIBLE BONDS 0.78%
Auto Manufacturers 0.18%
Lucid Group, Inc.†	1.25%	12/15/2026		12,000		8,340
NIO, Inc. (China)(a)	0.50%	2/1/2027		8,000		6,280
Tesla, Inc.	2.00%	5/15/2024		2,000		28,035
Total						42,655
Energy-Alternate Sources 0.53%
Enphase Energy, Inc.	Zero Coupon	3/1/2026		30,000		28,380
NextEra Energy Partners LP†	Zero Coupon	6/15/2024		14,000		13,041
Plug Power, Inc.	3.75%	6/1/2025		3,000		12,635
SolarEdge Technologies, Inc. (Israel)(a)	Zero Coupon	9/15/2025		23,000		26,852
SunPower Corp.	4.00%	1/15/2023		16,000		16,960
Sunrun, Inc.	Zero Coupon	2/1/2026		30,000		23,100
Total						120,968
Internet 0.07%
RealReal, Inc. (The)	1.00%	3/1/2028		28,000		16,814
Total Convertible Bonds (cost $214,176)						180,437
	Dividend Rate		Shares
CONVERTIBLE PREFERRED STOCKS 0.07%
Electric: Utilities
Algonquin Power & Utilities Corp. (Canada)(a) (cost $16,000)	7.75%			320		15,078

See Notes to Schedule of Investments. 1

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
CORPORATE BONDS 63.66%
Agriculture 0.29%
Darling Ingredients, Inc.†	5.25%		4/15/2027	$	67,000	$	67,083
Apparel 0.43%
Chanel Ceres plc(b)	0.50%		7/31/2026	EUR	100,000		99,379
Auto Manufacturers 0.91%
Ford Motor Co.	3.25%		2/12/2032	$	35,000		28,502
Hyundai Capital Services, Inc. (South Korea)(a)	1.25%		2/8/2026		200,000		180,345
Total							208,847
Auto Parts & Equipment 0.68%
Aptiv plc (Ireland)(a)	4.35%		3/15/2029		35,000		34,286
BorgWarner, Inc.	3.375%		3/15/2025		65,000		64,482
Dana, Inc.	4.25%		9/1/2030		68,000		58,406
Total							157,174
Banks 9.26%
ABN AMRO Bank NV (Netherlands)†(a)	2.47% (1 Yr. Treasury CMT + 1.10%	)#	12/13/2029		200,000		175,724
AIB Group plc(b)	2.875% (5 Yr. EUSA + 3.30%	)#	5/30/2031	EUR	100,000		101,043
Bank Hapoalim BM (Israel)†(a)	3.255% (5 Yr. Treasury CMT + 2.16%	)#	1/21/2032	$	200,000		182,000
Bank of Ireland Group plc(b)	0.375% (1 Yr. EUSA + .77%	)#	5/10/2027	EUR	100,000		96,309
Bank of Nova Scotia (The) (Canada)(a)	0.65%		7/31/2024	$	125,000		117,242
Bank of Nova Scotia (The) (Canada)(a)	2.375%		1/18/2023		80,000		79,980
Barclays plc(b)	1.70% (5 Yr. GUKG + 1.75%	)#	11/3/2026	GBP	100,000		118,045
CaixaBank SA(b)	1.25% (5 Yr. EUSA + 1.63%	)#	6/18/2031	EUR	100,000		96,872
Citigroup, Inc.	1.678% (SOFR + 1.67%	)#	5/15/2024	$	125,000		123,190
Danske Bank A/S(b)	0.75% (1 Yr. EUAMDB + .88%	)#	6/9/2029	EUR	100,000		94,262
Industrial & Commercial Bank of China Ltd. (Luxembourg)(a)	2.875%		10/12/2022	$	200,000		200,016
Intesa Sanpaolo SpA(b)	0.75%		3/16/2028	EUR	100,000		94,996

2 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Banks (continued)
JPMorgan Chase & Co.	0.768% (SOFR + .49%	)#	8/9/2025	$	111,000	$	103,974
Kreditanstalt fuer Wiederaufbau (Germany)(a)	0.75%		9/30/2030		150,000		125,071
Kreditanstalt fuer Wiederaufbau (Germany)(a)	2.00%		10/4/2022		112,000		112,244
Landesbank Baden-Wuerttemberg(b)	1.50%		2/3/2025	GBP	100,000		119,945
Standard Chartered plc (United Kingdom)†(a)	1.214% (1 Yr. Treasury CMT + .88%	)#	3/23/2025	$	200,000		189,500
Total							2,130,413
Beverages 0.18%
PepsiCo, Inc.	2.875%		10/15/2049		50,000		40,698
Biotechnology 0.23%
Amgen, Inc.	3.00%		2/22/2029		56,000		52,599
Building Materials 0.59%
Eco Material Technologies, Inc.†	7.875%		1/31/2027		45,000		43,624
Johnson Controls International plc/Tyco Fire & Security Finance SCA	1.75%		9/15/2030		46,000		38,537
Owens Corning, Inc.	3.95%		8/15/2029		55,000		53,888
Total							136,049
Chemicals 0.67%
Sociedad Quimica y Minera de Chile SA (Chile)†(a)	3.50%		9/10/2051		200,000		153,559
Commercial Services 1.16%
Global Payments, Inc.	3.20%		8/15/2029		75,000		68,369
Global Payments, Inc.	3.75%		6/1/2023		30,000		30,148
Massachusetts Institute of Technology	3.959%		7/1/2038		75,000		76,781
Techem Verwaltungsgesellschaft 674 mbH(b)	6.00%		7/30/2026	EUR	87,920		91,516
Total							266,814
Computers 0.36%
Apple, Inc.	3.00%		6/20/2027	$	85,000		83,604
Distribution/Wholesale 0.42%
Rexel SA(b)	2.125%		6/15/2028	EUR	100,000		96,947
Diversified Financial Services 1.43%
CDP Financial, Inc. (Canada)(a)	1.00%		5/26/2026	$	250,000		230,257
LeasePlan Corp. NV(b)	0.25%		2/23/2026	EUR	100,000		98,848
Total							329,105

See Notes to Schedule of Investments. 3

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Electric 10.98%
Audax Renovables SA(b)	4.20%		12/18/2027	EUR	100,000	$	82,126
Clearway Energy Operating LLC†	3.75%		2/15/2031	$	70,000		60,307
Drax Finco plc(b)	2.625%		11/1/2025	EUR	100,000		103,675
E.ON SE(b)	0.35%		2/28/2030	EUR	100,000		93,296
EDP - Energias de Portugal SA(b)	1.875% (5 Yr. EUSA + 2.08%	)#	3/14/2082	EUR	100,000		84,929
Enel Finance International NV (Netherlands)†(a)	2.25%		7/12/2031	$	200,000		165,919
Energia Group NI FinanceCo plc/Energia Group ROI Holdings DAC(b)	4.00%		9/15/2025	EUR	100,000		99,818
Engie SA(b)	0.375%		6/21/2027	EUR	100,000		97,637
JSW Hydro Energy Ltd. (India)†(a)	4.125%		5/18/2031	$	193,000		168,271
Korea East-West Power Co. Ltd.†(c)	3.60%		5/6/2025		200,000		199,876
Leeward Renewable Energy Operations LLC†	4.25%		7/1/2029		102,000		91,630
Liberty Utilities Finance GP 1†	2.05%		9/15/2030		75,000		62,466
MidAmerican Energy Co.	3.95%		8/1/2047		65,000		60,305
NextEra Energy Capital Holdings, Inc.	1.90%		6/15/2028		111,000		98,405
NextEra Energy Operating Partners LP†	4.50%		9/15/2027		55,000		52,168
Northern States Power Co/MN	2.60%		6/1/2051		50,000		37,351
Orsted A/S(b)	1.50%		11/26/2029	EUR	100,000		102,068
Pattern Energy Operations LP/Pattern Energy Operations, Inc.†	4.50%		8/15/2028	$	79,000		73,969
Ren Finance BV(b)	0.50%		4/16/2029	EUR	100,000		93,633
Scottish Hydro Electric Transmission plc(b)	1.50%		3/24/2028	GBP	200,000		230,368
Solar Star Funding LLC†	5.375%		6/30/2035	$	82,549		88,225
Southwestern Public Service Co.	3.75%		6/15/2049		50,000		44,604
Statnett SF(b)	0.518%		6/30/2023	SEK	2,000,000		201,213
TenneT Holding BV(b)	0.125%		11/30/2032	EUR	100,000		85,677
Tucson Electric Power Co.	1.50%		8/1/2030	$	60,000		48,657
Total							2,526,593
Electrical Components & Equipment 0.93%
Schneider Electric SE(b)	1.841%		10/13/2025	EUR	100,000		107,245
Signify NV(b)	2.375%		5/11/2027	EUR	100,000		105,927
Total							213,172

4 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Electronics 0.28%
Hubbell, Inc.	3.50%		2/15/2028	$	65,000	$	63,331
Energy-Alternate Sources 5.98%
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energ (India)†(a)	6.25%		12/10/2024		200,000		203,040
Alerion Cleanpower SpA(b)	3.125%		12/19/2025	EUR	75,000		79,865
Cullinan Holdco Scsp†(b)	4.625%		10/15/2026	EUR	100,000		96,509
EEW Energy from Waste GmbH(b)	0.361%		6/30/2026	EUR	100,000		97,822
Enviva Partners LP/Enviva Partners Finance Corp.†	6.50%		1/15/2026	$	70,000		71,407
ERG SpA(b)	1.875%		4/11/2025	EUR	100,000		105,239
Greenko Dutch BV (Netherlands)†(a)	3.85%		3/29/2026	$	194,000		177,103
Renewable Energy Group, Inc.†	5.875%		6/1/2028		59,000		62,552
Scatec ASA†(b)	1.971% (3 Mo. EURIBOR + 2.50%	)#	8/19/2025	EUR	100,000		98,638
Sunnova Energy Corp.†	5.875%		9/1/2026	$	73,000		66,893
Sweihan PV Power Co. PJSC (United Arab Emirates)†(a)	3.625%		1/31/2049		200,000		175,215
TerraForm Power Operating LLC†	4.75%		1/15/2030		80,000		72,149
Topaz Solar Farms LLC†	5.75%		9/30/2039		69,067		70,274
Total							1,376,706
Engineering & Construction 0.20%
IEA Energy Services LLC†	6.625%		8/15/2029		49,000		44,897
Environmental Control 1.48%
FCC Servicios Medio Ambiente Holding SAU(b)	1.661%		12/4/2026	EUR	100,000		101,394
Madison IAQ LLC†	5.875%		6/30/2029	$	58,000		47,343
Paprec Holding SA†(b)	3.50%		7/1/2028	EUR	100,000		98,219
Seche Environnement SA(b)	2.25%		11/15/2028	EUR	100,000		94,391
Total							341,347
Food 0.66%
Co-Operative Group Ltd.(b)	5.125%		5/17/2024	GBP	100,000		122,023
Sysco Corp.	2.40%		2/15/2030	$	35,000		30,759
Total							152,782
Forest Products & Paper 0.17%
Suzano Austria GmbH (Brazil)(a)	3.125%		1/15/2032		49,000		39,642

See Notes to Schedule of Investments. 5

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Health Care-Services 0.28%
Kaiser Foundation Hospitals	3.15%		5/1/2027	$	67,000	$	65,172
Insurance 0.44%
PartnerRe Ireland Finance DAC(b)	1.25%		9/15/2026	EUR	100,000		102,259
Investment Companies 0.39%
CBRE Global Investors Open-Ended Fund SCA SICAV-SIF Pan European Core Fund(b)	0.90%		10/12/2029	EUR	100,000		89,852
Machinery-Diversified 0.72%
Mueller Water Products, Inc.†	4.00%		6/15/2029	$	56,000		50,198
nVent Finance Sarl (Luxembourg)(a)	2.75%		11/15/2031		42,000		36,218
Xylem Inc/NY	2.25%		1/30/2031		90,000		78,050
Total							164,466
Metal Fabricate-Hardware 0.38%
Advanced Drainage Systems, Inc.†	5.00%		9/30/2027		90,000		87,077
Mining 0.41%
Novelis Sheet Ingot GmbH†(b)	3.375%		4/15/2029	EUR	100,000		95,392
Miscellaneous Manufacturing 1.59%
Alstom SA(b)	0.25%		10/14/2026	EUR	100,000		98,015
Pentair Finance Sarl (Luxembourg)(a)	3.15%		9/15/2022	$	110,000		110,031
Pentair Finance Sarl (Luxembourg)(a)	4.50%		7/1/2029		60,000		59,966
Wabtec Transportation Netherlands BV(b)	1.25%		12/3/2027	EUR	100,000		97,949
Total							365,961
Multi-National 8.87%
Asian Development Bank(b)	2.45%		1/17/2024	AUD	105,000		73,708
Asian Development Bank (Philippines)(a)	3.125%		9/26/2028	$	135,000		135,662
Asian Infrastructure Investment Bank (The)(b)	0.20%		12/15/2025	GBP	30,000		35,245
Asian Infrastructure Investment Bank (The) (China)(a)	0.50%		5/28/2025	$	150,000		138,559
European Bank for Reconstruction & Development (United Kingdom)(a)	1.625%		9/27/2024		230,000		223,257
European Investment Bank (Luxembourg)(a)	2.125%		4/13/2026		200,000		194,030
European Investment Bank (Luxembourg)(a)	2.375%		5/24/2027		75,000		72,874
European Union(b)	1.25%		2/4/2043	EUR	100,000		96,868
Inter-American Development Bank	0.58% (SOFR + 2.80%	)#	4/12/2027	$	200,000		200,111
Inter-American Investment Corp.	2.625%		4/22/2025		75,000		74,056

6 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Multi-National (continued)
International Bank for Reconstruction & Development	0.441% (SOFR + .18%	)#	6/15/2026	$	200,000	$	200,054
International Bank for Reconstruction & Development	0.495% (SOFR + .29%	)#	11/22/2028		220,000		220,166
International Finance Corp.	0.372% (SOFR + .09%	)#	6/30/2023		50,000		49,971
International Finance Corp.	0.372% (SOFR + .09%	)#	4/3/2024		230,000		229,911
International Finance Corp.	2.00%		10/24/2022		97,000		97,165
Total							2,041,637
Municipal 1.07%
Transport for London(b)	2.125%		4/24/2025	GBP	200,000		246,761
Packaging & Containers 0.82%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance plc†(b)	3.00%		9/1/2029	EUR	100,000		86,450
OI European Group BV(b)	2.875%		2/15/2025	EUR	100,000		102,434
Total							188,884
Pharmaceuticals 0.69%
Eli Lilly & Co.(b)	0.50%		9/14/2033	EUR	100,000		89,299
Pfizer, Inc.	2.625%		4/1/2030	$	75,000		68,915
Total							158,214
Real Estate 1.31%
Blackstone Property Partners Europe Holdings Sarl(b)	1.625%		4/20/2030	EUR	100,000		88,640
Canary Wharf Group Investment Holdings plc†(b)	2.625%		4/23/2025	GBP	100,000		120,003
Signa Development Finance SCS†(b)	5.50%		7/23/2026	EUR	100,000		93,741
Total							302,384
REITS 2.07%
Alexandria Real Estate Equities, Inc.	2.00%		5/18/2032	$	22,000		18,077
Digital Dutch Finco BV(b)	1.00%		1/15/2032	EUR	100,000		83,506
Equinix, Inc.(b)	1.00%		3/15/2033	EUR	100,000		84,716
Equinix, Inc.	1.55%		3/15/2028	$	50,000		42,683
Goodman U.S. Finance Five LLC†(c)	4.625%		5/4/2032		28,000		28,009	(d)
HAT Holdings I LLC/HAT Holdings II LLC†	3.75%		9/15/2030		71,000		61,346

See Notes to Schedule of Investments. 7

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
REITS (continued)
Kilroy Realty LP	4.75%	12/15/2028	$	45,000	$	45,741
Piedmont Operating Partnership LP	3.15%	8/15/2030		75,000		65,863
Weyerhaeuser Co.	6.875%	12/15/2033		40,000		46,477
Total						476,418
Retail 0.45%
Walmart, Inc.	1.80%	9/22/2031		122,000		104,126
Semiconductors 0.63%
Analog Devices, Inc.	2.95%	4/1/2025		63,000		62,234
Micron Technology, Inc.	2.703%	4/15/2032		34,000		28,312
NXP BV/NXP Funding LLC/NXP USA, Inc. (Netherlands)†(a)	3.40%	5/1/2030		60,000		54,786
Total						145,332
Software 0.38%
Fiserv, Inc.	3.20%	7/1/2026		90,000		87,238
Telecommunications 1.05%
Switch Ltd.†	3.75%	9/15/2028		83,000		77,929
Verizon Communications, Inc.	3.875%	2/8/2029		55,000		54,305
Vmed O2 UK Financing I plc†(b)	4.50%	7/15/2031	GBP	100,000		109,012
Total						241,246
Transportation 2.12%
Central Japan Railway Co. (Japan)(a)	2.20%	10/2/2024	$	200,000		195,174
Ferrovie dello Stato Italiane SpA(b)	0.375%	3/25/2028	EUR	100,000		95,543
Getlink SE(b)	3.50%	10/30/2025	EUR	100,000		104,824
Hamburger Hochbahn AG(b)	0.125%	2/24/2031	EUR	100,000		91,238
Total						486,779
Water 2.70%
Aegea Finance Sarl†(c)	6.75%	5/20/2029	$	200,000		196,977
American Water Capital Corp.	2.80%	5/1/2030		100,000		91,476
Bazalgette Finance plc(b)	2.75%	3/10/2034	GBP	100,000		119,197
Canal de Isabel II Gestion SA(b)	1.68%	2/26/2025	EUR	100,000		105,393
Essential Utilities, Inc.	2.40%	5/1/2031	$	60,000		51,431
United Utilities plc (United Kingdom)(a)	6.875%	8/15/2028		50,000		57,202
Total						621,676
Total Corporate Bonds (cost $16,449,668)						14,651,615

8 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
FLOATING RATE LOANS(e) 2.32%
Building & Construction 0.34%
Refficiency Holdings LLC 2021 Term Loan	4.514% (1 Mo. LIBOR + 3.75%	)	12/16/2027	$	33,130	$	32,909
Refficiency Holdings LLC 2021 Delayed Draw Term Loan(f)	3.75% - 4.51% (1 Mo. LIBOR + 3.75%	)	12/16/2027		6,451		6,408
Thermostat Purchaser III, Inc. Delayed Draw Term Loan(f)	4.50% (3 Mo. LIBOR + 4.50%	)	8/31/2028		5,985		5,940
Thermostat Purchaser III, Inc. Term Loan	5.25% (3 Mo. LIBOR + 4.50%	)	8/31/2028		33,933		33,679
Total							78,936
Building Materials 0.07%
Zurn Holdings, Inc. 2021 Term Loan B	3.014% (1 Mo. LIBOR + 2.25%	)	10/4/2028		16,997		16,970
Electric: Generation 0.13%
ExGen Renewables IV, LLC 2020 Term Loan	3.50% (3 Mo. LIBOR + 2.50%	)	12/15/2027		31,280		31,236
Environmental 0.60%
Bingo Industries Ltd Term Loan (Australia)(a)	4.00% (3 Mo. LIBOR + 3.50%	)	7/8/2028		29,850		29,365
Denali Water Solutions Term Loan B	5.256% (3 Mo. LIBOR + 4.25%	)	3/25/2028		61,630		59,319
EWT Holdings III Corp. 2021 Term Loan	3.313% (1 Mo. LIBOR + 2.50%	)	4/1/2028		49,625		49,491
Total							138,175
Integrated Energy 0.17%
Esdec Solar Group B.V. Term Loan B (Netherlands)(a)	6.50% (6 Mo. LIBOR + 5.00%	)	8/30/2028		40,392		39,685

See Notes to Schedule of Investments. 9

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Machinery 0.41%
Array Technologies, Inc. Term Loan B	3.75% (3 Mo. LIBOR + 3.25%	)	10/14/2027	$	57,783	$	56,266
Generac Power Systems, Inc. 2019 Term Loan B	2.55% (1 Mo. LIBOR + 1.75%	)	12/13/2026		37,590		37,581
Total							93,847
Multi-Line Insurance 0.13%
Filtration Group Corporation 2018 1st Lien Term Loan	3.764% (1 Mo. LIBOR + 3.00%	)	3/29/2025		29,442		29,062
Personal & Household Products 0.27%
AI Aqua Merger Sub, Inc. 2021 1st Lien Term Loan B	4.545% (1 Mo. SOFR + 3.75%	)	7/31/2028		62,500		61,667
Support: Services 0.20%
Element Materials Technology Group US Holdings Inc. 2022 USD Delayed Draw Term Loan B(f)	–	(g)	6/30/2029		9,790		9,774
Element Materials Technology Group US Holdings Inc. 2022 USD Term Loan	–	(g)	4/12/2029		35,762		35,702
Total							45,476
Total Floating Rate Loans (cost $539,300)							535,054
FOREIGN GOVERNMENT OBLIGATIONS 16.15%
Canada 1.23%
Province of Ontario Canada(b)	1.55%		11/1/2029	CAD	89,000		60,607
Province of Ontario Canada(b)	1.85%		2/1/2027	CAD	145,000		106,250
Province of Quebec Canada(b)	1.85%		2/13/2027	CAD	158,000		115,936
Total							282,793
France 1.47%
Action Logement Services(b)	0.50%		10/30/2034	EUR	200,000		178,312
French Republic Government Bond OAT†(b)	0.50%		6/25/2044	EUR	95,000		76,532
Societe Du Grand Paris EPIC(b)	0.30%		9/2/2036	EUR	100,000		84,130
Total							338,974

10 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Germany 2.65%
Bundesrepublik Deutschland Bundesanleihe(b)	Zero Coupon	8/15/2030	EUR	394,000	$	389,014
Bundesrepublik Deutschland Bundesanleihe(b)	Zero Coupon	8/15/2050	EUR	281,258		222,029
Total						611,043
Italy 0.15%
Italy Buoni Poliennali Del Tesoro†(b)	1.50%	4/30/2045	EUR	45,000		35,355
Japan 2.49%
Development Bank of Japan, Inc.†(a)	1.75%	2/18/2025	$	200,000		193,296
Japan Bank for International Cooperation(a)	1.625%	1/20/2027		200,000		186,893
Japan Finance Organization for Municipalities†(a)	1.50%	1/27/2025		200,000		192,464
Total						572,653
Netherlands 1.61%
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV(a)	2.75%	2/20/2024		200,000		199,993
Nederlandse Waterschapsbank NV(a)	1.00%	5/28/2030		200,000		169,877
Total						369,870
Norway 0.85%
Kommunalbanken AS(a)	2.125%	2/11/2025		200,000		195,684
South Korea 1.70%
Industrial Bank of Korea†(a)	0.625%	9/17/2024		200,000		188,543
Korea Water Resources Corp.(a)	3.875%	5/15/2023		200,000		202,028
Total						390,571
Spain 1.27%
Adif Alta Velocidad(b)	0.55%	4/30/2030	EUR	100,000		96,085
Autonomous Community of Madrid Spain(b)	0.419%	4/30/2030	EUR	150,000		142,689
Spain Government Bond†(b)	1.00%	7/30/2042	EUR	66,000		54,978
Total						293,752
Sweden 2.47%
Kommuninvest I Sverige AB(a)	0.375%	6/19/2024	$	200,000		189,913
Kommuninvest I Sverige AB†(a)	1.625%	4/24/2023		200,000		198,929
Sweden Government International Bond†(b)	0.125%	9/9/2030	SEK	1,000,000		89,625	(d)
Sweden Government International Bond(b)	0.125%	9/9/2030	SEK	1,000,000		89,626
Total						568,093

See Notes to Schedule of Investments. 11

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
United Kingdom 0.26%
United Kingdom Gilt(b)	0.875%	7/31/2033	GBP	53,000	$	59,276
Total Foreign Government Obligations (cost $4,290,596)						3,718,064
MUNICIPAL BONDS 2.50%
Government Guaranteed 0.08%
Metropolitan Government of Nashville & Davidson Co	2.611%	7/1/2036		20,000		17,496
Revenue - Utilities - Other 0.19%
City of Corpus Christi TX Utility System Revenue	1.966%	7/15/2030		50,000		43,705
Sales Tax 0.16%
Dallas Area Rapid Transit A	2.534%	12/1/2036		45,000		36,998
Tax Revenue 0.09%
Regional Transportation District Sales Tax Revenue	2.337%	11/1/2036		25,000		20,097
Taxable Revenue - Water & Sewer 1.77%
City of Aurora CO Water Revenue	2.348%	8/1/2036		30,000		24,422
City of Dallas TX Waterworks & Sewer System Revenu	2.772%	10/1/2040		75,000		63,365
City of Los Angeles CA Wastewater System Revenue	5.713%	6/1/2039		50,000		58,109
City of Philadelphia PA Water & Wastewater Revenue	1.734%	11/1/2028		40,000		35,315
City of San Francisco CA Public Utilities Commissi	6.00%	11/1/2040		100,000		116,012
New York City Municipal Water Finance Authority	5.75%	6/15/2041		50,000		61,102
San Diego County Water Authority	1.951%	5/1/2034		60,000		49,416
Total						407,741
Transportation 0.21%
Metropolitan Transportation Authority	5.175%	11/15/2049		45,000		48,484
Total Municipal Bonds (cost $685,753)						574,521

12 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 1.51%
JPMorgan Chase Commercial Mortgage Securities Trust 2021-1440 B†	2.304% (1 Mo. LIBOR + 1.75%	)#	3/15/2036	$	110,000	$	107,474
NYO Commercial Mortgage Trust 2021-1290 A†	1.65% (1 Mo. LIBOR + 1.10%	)#	11/15/2038		50,000		49,061
One Bryant Park Trust 2019-OBP A†	2.516%		9/15/2054		100,000		89,676
VNDO Mortgage Trust 2012-6AVE C†	3.448%	#(h)	11/15/2030		100,000		100,315
Total Non-Agency Commercial Mortgage-Backed Securities (cost $362,903)							346,526
U.S. TREASURY OBLIGATIONS 4.21%
U.S. Treasury Bond	2.25%		2/15/2052		75,000		64,418
U.S. Treasury Note	1.875%		2/15/2032		460,000		420,110
U.S. Treasury Note	2.50%		3/31/2027		495,000		485,119
Total U.S. Treasury Obligations (cost $1,021,561)							969,647
Total Long-Term Investments (cost $24,160,988)							21,529,989
SHORT-TERM INVESTMENTS 3.23%
Repurchase Agreements 3.23%
Repurchase Agreement dated 4/29/2022, 0.00% due 5/2/2022 with Fixed Income Clearing Corp. collateralized by $773,900 of U.S. Treasury Note at 2.375% due 5/15/2029; value: $757,852; proceeds: $742,975 (cost $742,975)					742,975		742,975
Total Investments in Securities 96.77% (cost $24,903,963)							22,272,964
Less Unfunded Loan Commitments (0.09%) (cost $22,072)							(21,948	)
Net Investments in Securities 96.68% (cost $24,881,891)							22,251,016
Other Assets and Liabilities – Net(i) 3.32%							765,258
Net Assets 100.00%						$	23,016,274

AUD	Australian Dollar.
CAD	Canadian Dollar.
EUR	Euro.
GBP	British Pound.
SEK	Swedish Krona.
CMT	Constant Maturity Rate.
EUAMDB	EUR Mid-Market Swap Rate.
EURIBOR	Euro Interbank Offered Rate.
EUSA	Euro Swap Rate.
GUKG	UK Generic government yield.
LIBOR	London Interbank Offered Rate.
REITS	Real Estate Investment Trusts.
SOFR	Secured Over Night Financing Rate.

See Notes to Schedule of Investments. 13

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2022, the total value of Rule 144A securities was $6,056,156, which represents 26.31% of net assets.
#	Variable rate security. The interest rate represents the rate in effect at April 30, 2022.
(a)	Foreign security traded in U.S. dollars.
(b)	Investment in non-U.S. dollar denominated securities.
(c)	Securities purchased on a when-issued basis.
(d)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.
(e)	Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at April 30, 2022.
(f)	Security partially/fully unfunded.
(g)	Interest rate to be determined.
(h)	Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool.
(i)	Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts and futures contracts as follows:

Open Forward Foreign Currency Exchange Contracts at April 30, 2022:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Australian dollar	Sell	Toronto Dominion Bank	5/25/2022	107,000	$	77,482	$	75,630		$	1,852
British pound	Sell	State Street Bank and Trust	6/7/2022	100,000		131,001		125,743			5,258
British pound	Sell	Toronto Dominion Bank	6/7/2022	1,040,000		1,387,007		1,307,729			79,278
Canadian dollar	Sell	Bank of America	7/20/2022	368,000		291,466		286,376			5,090
Euro	Sell	Bank of America	6/10/2022	12,000		13,223		12,681			542
Euro	Sell	Bank of America	6/10/2022	78,000		85,192		82,426			2,766
Euro	Sell	Bank of America	6/10/2022	89,000		94,136		94,049			87
Euro	Sell	Morgan Stanley	6/10/2022	5,339,000		5,855,175		5,641,910			213,265
Euro	Sell	Morgan Stanley	6/10/2022	108,000		118,781		114,127			4,654
Euro	Sell	State Street Bank and Trust	6/10/2022	80,000		86,462		84,539			1,923
Euro	Sell	Toronto Dominion Bank	6/10/2022	204,000		223,179		215,574			7,605
Swedish krona	Sell	State Street Bank and Trust	7/21/2022	3,784,000		397,703		386,274			11,429
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts										$	333,749

14 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

CLIMATE FOCUSED BOND FUND April 30, 2022

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
British pound	Buy	Bank of America	6/7/2022	13,000	$	16,361	$	16,347		$	(14	)
British pound	Buy	Morgan Stanley	6/7/2022	20,000		26,038		25,149			(889	)
British pound	Buy	State Street Bank and Trust	6/7/2022	72,000		94,911		90,535			(4,376	)
British pound	Buy	State Street Bank and Trust	6/7/2022	8,000		10,399		10,060			(339	)
Euro	Buy	Bank of America	6/10/2022	40,000		44,068		42,269			(1,799	)
Euro	Buy	Morgan Stanley	6/10/2022	26,000		29,069		27,475			(1,594	)
Euro	Buy	Morgan Stanley	6/10/2022	70,000		77,503		73,972			(3,531	)
Euro	Buy	State Street Bank and Trust	6/10/2022	132,000		145,023		139,489			(5,534	)
Euro	Buy	State Street Bank and Trust	6/10/2022	94,000		102,515		99,333			(3,182	)
Euro	Buy	State Street Bank and Trust	6/10/2022	103,000		111,777		108,844			(2,933	)
Euro	Buy	State Street Bank and Trust	6/10/2022	57,000		61,582		60,234			(1,348	)
Unrealized Depreciation on Forward Foreign Currency Exchange Contracts										$	(25,539	)

Open Futures Contracts at April 30, 2022:

Type	Expiration	Contracts	Position	Notional Amount			Notional Value			Unrealized Appreciation
Euro-Bund	June 2022	2	Short	EUR	(335,916	)	EUR	(307,180	)	$	30,315
U.S. 10-Year Ultra Treasury Note	June 2022	8	Short	$	(1,114,545	)	$	(1,032,000	)		82,545
U.S. 2-Year Treasury Note	June 2022	1	Short		(214,514	)		(210,813	)		3,701
U.S. 5-Year Treasury Note	June 2022	14	Short		(1,643,770	)		(1,577,406	)		66,364
Total Unrealized Appreciation on Open Futures Contracts										$	182,925

Type	Expiration	Contracts	Position	Notional Amount		Notional Value		Unrealized Depreciation
Euro-Bobl	June 2022	2	Long	EUR	267,224	EUR	254,360	$	(13,571	)
Euro-Buxl	June 2022	1	Long		207,422		170,980		(38,444	)
U.S. Ultra Treasury Bond	June 2022	3	Long	$	552,498	$	481,313		(71,185	)
Total Unrealized Depreciation on Open Futures Contracts								$	(123,200	)

See Notes to Schedule of Investments. 15

Schedule of Investments (unaudited)(concluded)

CLIMATE FOCUSED BOND FUND April 30, 2022

The following is a summary of the inputs used as of April 30, 2022 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1			Level 2			Level 3		Total
Long-Term Investments
Asset-Backed Securities	$	–		$	539,047		$	–	$	539,047
Convertible Bonds		–			180,437			–		180,437
Convertible Preferred Stocks		–			15,078			–		15,078
Corporate Bonds
REITS		–			448,409			28,009		476,418
Remaining Industries		–			14,175,197			–		14,175,197
Floating Rate Loans		–			535,054			–		535,054
Less Unfunded Commitments		–			(21,948	)		–		(21,948	)
Foreign Government Obligations		–			3,628,439			89,625		3,718,064
Municipal Bonds		–			574,521			–		574,521
Non-Agency Commercial
Mortgage-Backed Securities		–			346,526			–		346,526
U.S. Treasury Obligations		–			969,647			–		969,647
Short-Term Investments
Repurchase Agreements		–			742,975			–		742,975
Total	$	–		$	22,133,382		$	117,634	$	22,251,016
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets	$	–		$	333,749		$	–	$	333,749
Liabilities		–			(25,539	)		–		(25,539	)
Futures Contracts
Assets		182,925			–			–		182,925
Liabilities		(123,200	)		–			–		(123,200	)
Total	$	59,725		$	308,210		$	–	$	367,935

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.

16 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

EMERGING MARKETS EQUITY FUND April 30, 2022

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 96.47%
COMMON STOCKS 96.47%
Australia 1.68%
Metals & Mining
BHP Group Ltd.		2,412	$	80,598
Austria 0.90%
Banks
Erste Group Bank AG		1,390		43,279
Brazil 7.03%
Electric: Utilities 0.82%
Equatorial Energia SA		7,600		39,415
Electrical Equipment 0.94%
WEG SA		7,426		45,211
Health Care Providers & Services 0.39%
Hapvida Participacoes e Investimentos SA		10,448		18,533
Insurance 1.96%
BB Seguridade Participacoes SA		18,318		94,222
Internet & Direct Marketing Retail 0.95%
MercadoLibre, Inc.*		47		45,761
Oil, Gas & Consumable Fuels 1.97%
Petroleo Brasileiro SA ADR		6,972		94,610
Total Brazil				337,752
Canada 1.86%
Banks 0.87%
Bank of Nova Scotia (The)		657		41,604
Metals & Mining 0.99%
Capstone Copper Corp.*		10,468		47,669
Total Canada				89,273
China 26.25%
Automobiles 2.82%
BYD Co. Ltd. Class H		4,654		135,439
Banks 2.14%
China Construction Bank Corp. Class H		70,800		50,438
Industrial & Commercial Bank of China Ltd. Class H		86,687		52,255
				102,693

Investments	Shares		U.S. $ Fair Value
China (continued)
Beverages 1.14%
Kweichow Moutai Co. Ltd. Class A		100	$	27,688
Wuliangye Yibin Co. Ltd. Class A		1,100		26,883
				54,571
Construction Materials 0.52%
China Resources Cement Holdings Ltd.		30,000		24,892
Electrical Equipment 1.05%
Contemporary Amperex Technology Co. Ltd. Class A*		826		50,497
Entertainment 2.02%
NetEase, Inc.		5,073		97,175
Household Durables 0.60%
Haier Smart Home Co. Ltd. Class H		8,100		28,616
Independent Power & Renewable Electricity Producers 0.66%
China Longyuan Power Group Corp. Ltd. Class H		16,486		31,798
Interactive Media & Services 4.89%
Tencent Holdings Ltd.		4,989		235,106
Internet & Direct Marketing Retail 6.15%
Alibaba Group Holding Ltd.*		8,206		100,094
JD.com, Inc. Class A*		2,907		90,636
Meituan Class B*		3,141		67,301
Pinduoduo, Inc. ADR*		878		37,833
				295,864
Life Sciences Tools & Services 0.56%
WuXi AppTec Co. Ltd. Class H		900		12,241
Wuxi Biologics Cayman, Inc.*		2,000		14,762
				27,003
Real Estate Management & Development 1.35%
ESR Cayman Ltd.*		21,400		64,962
Semiconductors & Semiconductor Equipment 1.36%
LONGi Green Energy Technology Co. Ltd. Class A		2,000		20,286
Silergy Corp.		509		45,317
				65,603

See Notes to Schedule of Investments. 17

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS EQUITY FUND April 30, 2022

Investments	Shares		U.S. $ Fair Value
China (continued)
Textiles, Apparel & Luxury Goods 0.99%
ANTA Sports Products Ltd.		4,156	$	47,763
Total China				1,261,982
Egypt 0.73%
Banks
Commercial International Bank Egypt SAE		14,576		35,193
France 1.43%
Textiles, Apparel & Luxury Goods
LVMH Moet Hennessy Louis Vuitton SE		106		68,596
Hong Kong 0.82%
Insurance
AIA Group Ltd.		4,000		39,295
India 17.39%
Automobiles 0.68%
Maruti Suzuki India Ltd.		328		32,851
Banks 4.08%
Federal Bank Ltd.		21,425		26,594
ICICI Bank Ltd. ADR		5,638		107,347
State Bank of India		9,717		62,409
				196,350
Beverages 1.23%
United Spirits Ltd.*		5,272		59,107
Capital Markets 0.49%
UTI Asset Management Co.Ltd.		2,271		23,342
Chemicals 0.79%
Asian Paints Ltd.		905		38,148
Health Care Providers & Services 0.96%
Apollo Hospitals Enterprise Ltd.		797		46,152
Hotels, Restaurants & Leisure 1.02%
Jubilant Foodworks Ltd.		6,925		48,903
Information Technology Services 1.69%
Infosys Ltd. ADR		4,095		81,368
Life Sciences Tools & Services 0.70%
Divi’s Laboratories Ltd.		577		33,776

Investments	Shares		U.S. $ Fair Value
India (continued)
Oil, Gas & Consumable Fuels 2.59%
Reliance Industries Ltd.		3,436	$	124,494
Real Estate Management & Development 0.85%
Phoenix Mills Ltd. (The)		2,886		40,732
Wireless Telecommunication Services 2.31%
Bharti Airtel Ltd.*		11,569		111,031
Total India				836,254
Indonesia 3.30%
Banks 1.86%
Bank Mandiri Persero Tbk PT		145,452		89,313
Diversified Telecommunication Services 1.44%
Telkom Indonesia Persero Tbk PT		218,026		69,482
Total Indonesia				158,795
Japan 0.47%
Semiconductors & Semiconductor Equipment
Lasertec Corp.		170		22,712
Mexico 6.01%
Banks 1.99%
Grupo Financiero Banorte SAB de CV Class O		14,470		95,521
Consumer Finance 0.92%
Gentera SAB de CV*		56,933		44,220
Food & Staples Retailing 0.95%
Wal-Mart de Mexico SAB de CV		12,961		45,832
Transportation Infrastructure 2.15%
Grupo Aeroportuario del Pacifico SAB de CV Class B		6,719		103,397
Total Mexico				288,970
Netherlands 2.56%
Oil, Gas & Consumable Fuels 1.92%
Shell plc		3,448		92,565
Semiconductors & Semiconductor Equipment 0.64%
ASML Holding NV		54		30,647
Total Netherlands				123,212

18 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

EMERGING MARKETS EQUITY FUND April 30, 2022

Investments	Shares		U.S. $ Fair Value
Peru 0.63%
Banks
Intercorp Financial Services, Inc.		1,109	$	30,309
Saudi Arabia 0.87%
Banks
Saudi National Bank (The)		1,998		41,878
Singapore 1.91%
Banks
United Overseas Bank Ltd.		4,289		91,811
South Africa 4.23%
Banks 0.91%
Absa Group Ltd.		4,070		43,970
Food & Staples Retailing 1.33%
Clicks Group Ltd.		3,237		63,709
Metals & Mining 1.99%
Anglo American plc		1,635		72,416
Sibanye Stillwater Ltd.		6,662		23,048
				95,464
Total South Africa				203,143
South Korea 6.85%
Electrical Equipment 0.52%
LG Energy Solution*		75		24,900
Life Sciences Tools & Services 0.55%
Samsung Biologics Co. Ltd.*		40		26,384
Semiconductors & Semiconductor Equipment 1.19%
SK Hynix, Inc.		654		57,309
Technology Hardware, Storage & Peripherals 4.59%
Samsung Electronics Co. Ltd.		4,139		220,582
Total South Korea				329,175
Taiwan 8.70%
Electrical Equipment 0.68%
Voltronic Power Technology Corp.		750		32,813
Entertainment 0.38%
Sea Ltd. ADR*		220		18,207

Investments	Shares		U.S. $ Fair Value
Taiwan (continued)
Semiconductors & Semiconductor Equipment 7.64%
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		1,670	$	155,193
Taiwan Semiconductor Manufacturing Co. Ltd.		11,737		212,236
				367,429
Total Taiwan				418,449
Thailand 1.08%
Food & Staples Retailing
CP ALL PCL		25,100		47,635
CP ALL PCL		2,204		4,156
				51,791
United Arab Emirates 1.14%
Banks
Abu Dhabi Commercial Bank PJSC		19,823		54,797
United States 0.63%
Information Technology Services
Globant SA*		141		30,455
Total Common Stocks 96.47% (cost $4,820,520)				4,637,719
Other Assets and Liabilities – Net(a) 3.53%				169,843
Net Assets 100.00%			$	4,807,562

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts as follows:

See Notes to Schedule of Investments. 19

Schedule of Investments (unaudited)(concluded)

EMERGING MARKETS EQUITY FUND April 30, 2022

Open Forward Foreign Currency Exchange Contracts at April 30, 2022:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency	U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
Indonesian rupiah	Sell	State Street Bank and Trust	5/9/2022	188,158,001	$	12,990	$	12,979	$	11

The following is a summary of the inputs used as of April 30, 2022 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Brazil	$	337,752	$	–	$	–	$	337,752
Canada		89,273		–		–		89,273
China		37,833		1,224,149		–		1,261,982
India		188,715		647,539		–		836,254
Indonesia		69,482		89,313		–		158,795
Mexico		288,970		–		–		288,970
Peru		30,309		–		–		30,309
South Africa		63,709		139,434		–		203,143
South Korea		24,900		304,275		–		329,175
Taiwan		173,400		245,049		–		418,449
United States		30,455		–		–		30,455
Remaining Countries		–		653,162		–		653,162
Total	$	1,334,798	$	3,302,921	$	–	$	4,637,719
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets	$	–	$	11	$	–	$	11
Liabilities		–		–		–		–
Total	$	–	$	11	$	–	$	11

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

20 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

INTERNATIONAL GROWTH FUND April 30, 2022

Investments	Shares		U.S. $ Fair Value
LONG-TERM INVESTMENTS 97.43%
COMMON STOCKS 97.43%
Australia 2.92%
Capital Markets 1.18%
Macquarie Group Ltd.		139	$	20,011
Equity Real Estate Investment Trusts 1.00%
Goodman Group		1,023		17,026
Metals & Mining 0.74%
BHP Group Ltd.		373		12,464
Total Australia				49,501
Austria 1.51%
Banks
BAWAG Group AG†*		304		14,435
Erste Group Bank AG		357		11,116
				25,551
Canada 4.50%
Aerospace & Defense 0.51%
CAE, Inc.*		359		8,537
Banks 1.42%
Royal Bank of Canada		238		24,038
Chemicals 0.85%
Nutrien Ltd.		147		14,445
Metals & Mining 0.80%
Capstone Copper Corp.*		2,952		13,443
Oil, Gas & Consumable Fuels 0.92%
Pembina Pipeline Corp.		413		15,628
Total Canada				76,091
China 7.85%
Automobiles 1.39%
BYD Co. Ltd. Class H		808		23,514
Electrical Equipment 0.36%
Contemporary Amperex Technology Co. Ltd. Class A*		100		6,113
Entertainment 1.08%
NetEase, Inc.		955		18,293
Interactive Media & Services 2.51%
Tencent Holdings Ltd.		902		42,507

Investments	Shares		U.S. $ Fair Value
China (continued)
Internet & Direct Marketing Retail 2.51%
JD.com, Inc. Class A*		894	$	27,874
Meituan Class B†*		678		14,527
				42,401
Total China				132,828
Denmark 5.96%
Air Freight & Logistics 0.97%
DSV A/S		100		16,395
Biotechnology 1.04%
Genmab A/S*		50		17,582
Electric: Utilities 0.59%
Orsted A/S†		90		9,957
Pharmaceuticals 3.36%
Novo Nordisk A/S Class B		498		56,885
Total Denmark				100,819
France 14.46%
Aerospace & Defense 1.68%
Airbus SE		110		12,042
Thales SA		128		16,387
				28,429
Beverages 1.37%
Pernod Ricard SA		112		23,115
Chemicals 1.73%
Air Liquide SA		169		29,238
Information Technology Services 0.90%
Capgemini SE		75		15,269
Life Sciences Tools & Services 0.79%
Sartorius Stedim Biotech		41		13,416
Personal Products 2.06%
L’Oreal SA		96		34,926
Professional Services 0.87%
Teleperformance		41		14,715
Software 0.80%
Dassault Systemes SE		307		13,577
Textiles, Apparel & Luxury Goods 4.26%
Hermes International		17		20,962

See Notes to Schedule of Investments. 21

Schedule of Investments (unaudited)(continued)

INTERNATIONAL GROWTH FUND April 30, 2022

Investments	Shares		U.S. $ Fair Value
France (continued)
LVMH Moet Hennessy Louis
Vuitton SE		79	$	51,124
				72,086
Total France				244,771
Germany 2.58%
Chemicals 1.27%
Symrise AG		181		21,538
Pharmaceuticals 0.82%
Merck KGaA		75		13,914
Semiconductors & Semiconductor Equipment 0.49%
Infineon Technologies AG		289		8,203
Total Germany				43,655
Hong Kong 2.00%
Insurance
AIA Group Ltd.		3,442		33,813
India 5.54%
Banks 1.56%
ICICI Bank Ltd. ADR		1,386		26,389
Chemicals 0.61%
Asian Paints Ltd.		246		10,369
Information Technology Services 0.72%
Infosys Ltd. ADR		609		12,101
Oil, Gas & Consumable Fuels 1.58%
Reliance Industries Ltd.		740		26,812
Wireless Telecommunication Services 1.07%
Bharti Airtel Ltd.*		1,891		18,149
Total India				93,820
Indonesia 1.14%
Banks
Bank Rakyat Indonesia Persero Tbk PT		57,943		19,306
Italy 0.83%
Beverages
Davide Campari-Milano N.V.		1,246		14,059

Investments	Shares		U.S. $ Fair Value
Japan 10.11%
Auto Components 0.78%
Denso Corp.		216	$	13,164
Building Products 0.78%
Daikin Industries Ltd.		86		13,142
Electrical Equipment 0.90%
Fuji Electric Co. Ltd.		347		15,216
Electronic Equipment, Instruments & Components 1.66%
Keyence Corp.		70		28,140
Health Care Equipment & Supplies 1.13%
Hoya Corp.		193		19,154
Household Durables 1.53%
Sony Group Corp.		299		25,804
Machinery 0.85%
Ebara Corp.		314		14,421
Professional Services 1.12%
Recruit Holdings Co. Ltd.		524		19,012
Semiconductors & Semiconductor Equipment 0.73%
Lasertec Corp.		93		12,425
Specialty Retail 0.63%
Fast Retailing Co. Ltd.		23		10,590
Total Japan				171,068
Netherlands 3.55%
Information Technology Services 0.50%
Adyen NV†*		5		8,386
Semiconductors & Semiconductor Equipment 3.05%
ASML Holding NV		91		51,646
Total Netherlands				60,032
Norway 1.62%
Machinery 0.62%
AutoStore Holdings Ltd.*		4,732		10,554
Oil, Gas & Consumable Fuels 1.00%
Equinor ASA		499		16,866
Total Norway				27,420

22 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

INTERNATIONAL GROWTH FUND April 30, 2022

Investments	Shares		U.S. $ Fair Value
Singapore 1.30%
Banks
DBS Group Holdings Ltd.		910	$	22,077
South Korea 1.15%
Technology Hardware, Storage & Peripherals
Samsung Electronics Co. Ltd.		364		19,399
Spain 1.81%
Diversified Telecommunication Services 1.04%
Cellnex Telecom SA†		378		17,619
Electric: Utilities 0.77%
Iberdrola SA		1,135		13,042
Total Spain				30,661
Sweden 3.97%
Building Products 0.86%
Nibe Industrier AB B Shares		1,494		14,648
Electronic Equipment, Instruments & Components 0.99%
Hexagon AB B Shares		1,297		16,735
Machinery 2.12%
Atlas Copco AB A Shares		367		16,639
Epiroc AB Class A		947		19,198
				35,837
Total Sweden				67,220
Switzerland 11.75%
Capital Markets 0.69%
Partners Group Holding AG		11		11,654
Chemicals 1.43%
Sika AG		79		24,131
Food Products 3.07%
Nestle SA Registered Shares		402		51,896
Life Sciences Tools & Services 1.25%
Lonza Group AG*		36		21,227
Pharmaceuticals 3.26%
Roche Holding AG		149		55,251
Textiles, Apparel & Luxury Goods 2.05%
Cie Financiere Richemont SA Class A		167		19,404
On Holding AG Class A*		612		15,282
				34,686
Total Switzerland				198,845

Investments	Shares		U.S. $ Fair Value
Taiwan 4.19%
Semiconductors & Semiconductor Equipment
Taiwan Semiconductor Manufacturing Co. Ltd. ADR		278	$	25,835
Taiwan Semiconductor Manufacturing Co. Ltd.		2,494		45,098
				70,933
United Kingdom 6.42%
Beverages 2.42%
Diageo plc		820		40,909
Capital Markets 0.50%
London Stock Exchange Group plc		86		8,479
Personal Products 1.13%
Unilever plc		412		19,154
Pharmaceuticals 2.37%
AstraZeneca plc		300		40,032
Total United Kingdom				108,574
United States 2.27%
Electrical Equipment 1.75%
Schneider Electric SE		206		29,555
Trading Companies & Distributors 0.52%
Ferguson plc		70		8,781
Total United States				38,336
Total Common Stocks 97.43% (cost $1,851,621)				1,648,779
Other Assets and Liabilities – Net(a) 2.57%				43,413
Net Assets 100.00%			$	1,692,192

ADR	American Depositary Receipt.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2022, the total value of Rule 144A securities was $64,924, which represents 3.84% of net assets.
*	Non-income producing security.
(a)	Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts as follows:

See Notes to Schedule of Investments. 23

Schedule of Investments (unaudited)(concluded)

INTERNATIONAL GROWTH FUND April 30, 2022

Open Forward Foreign Currency Exchange Contracts at April 30, 2022:

Forward Foreign Currency Exchange Contracts

Transaction Type

Counterparty

Expiration Date

Foreign Currency

U.S. $ Cost on Origination Date

U.S. $ Current Value

Unrealized Appreciation

Indonesian rupiah

Sell

State Street Bank and Trust

5/9/2022

30,406,796

$

2,099

$

2,097

$2

The following is a summary of the inputs used as of April 30, 2022 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Canada	$	76,091	$	–	$	–	$	76,091
India		38,490		55,330		–		93,820
Switzerland		15,282		183,563		–		198,845
Taiwan		25,835		45,098		–		70,933
Remaining Countries		–		1,209,090		–		1,209,090
Total	$	155,698	$	1,493,081	$	–	$	1,648,779
Other Financial Instruments
Forward Foreign Currency Exchange Contracts
Assets	$	–	$	2	$	–	$	2
Liabilities		–		–		–		–
Total	$	–	$	2	$	–	$	2

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

24 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)

MID CAP INNOVATION GROWTH FUND April 30, 2022

Investments	Shares		Fair Value
LONG-TERM INVESTMENTS 97.41%
COMMON STOCKS 97.41%
Aerospace & Defense 3.28%
Axon Enterprise, Inc.*		605	$	67,881
L3Harris Technologies, Inc.		279		64,801
TransDigm Group, Inc.*		200		118,962
Total				251,644
Banks 1.55%
Popular, Inc.		534		41,646
Signature Bank		156		37,791
SVB Financial Group*		81		39,499
Total				118,936
Beverages 1.53%
Constellation Brands, Inc. Class A		477		117,385
Biotechnology 7.43%
Argenx SE ADR*		260		74,703
Cytokinetics, Inc.*		1,775		70,769
Genmab A/S ADR*		814		28,637
Horizon Therapeutics plc*		1,114		109,796
Intellia Therapeutics, Inc.*		669		32,801
Krystal Biotech, Inc.*		826		50,064
Seagen, Inc.*		450		58,955
Vertex Pharmaceuticals, Inc.*		529		144,533
Total				570,258
Building Products 1.19%
Johnson Controls International plc		1,523		91,182
Capital Markets 3.78%		��
Ameriprise Financial, Inc.		149		39,558
KKR & Co., Inc.		1,220		62,183
MSCI, Inc.		139		58,554
Raymond James Financial, Inc.		959		93,464
TPG, Inc.*		1,434		36,424
Total				290,183

Investments	Shares		Fair Value
Communications Equipment 2.61%
Arista Networks, Inc.*		1,732	$	200,167
Construction & Engineering 0.77%
Quanta Services, Inc.		507		58,802
Electrical Equipment 2.83%
AMETEK, Inc.		868		109,594
Rockwell Automation, Inc.		424		107,132
Total				216,726
Electronic Equipment, Instruments & Components 3.28%
CDW Corp./DE		320		52,218
Cognex Corp.		869		58,770
Teledyne Technologies, Inc.*		178		76,816
Trimble, Inc.*		952		63,498
Total				251,302
Entertainment 2.00%
Live Nation Entertainment, Inc.*		1,465		153,649
Equity Real Estate Investment Trusts 1.62%
SBA Communications Corp.		359		124,612
Health Care Equipment & Supplies 6.88%
Cooper Cos., Inc. (The)		126		45,491
DexCom, Inc.*		199		81,307
Edwards Lifesciences Corp.*		1,017		107,578
IDEXX Laboratories, Inc.*		109		46,922
Insulet Corp.*		257		61,421
iRhythm Technologies, Inc.*		489		60,328
Lantheus Holdings, Inc.*		1,883		125,050
Total				528,097
Health Care Providers & Services 1.54%
Centene Corp.*		1,466		118,086
Health Care Technology 1.35%
Doximity, Inc. Class A*		1,342		53,506
Inspire Medical Systems, Inc.*		245		50,411
Total				103,917

See Notes to Schedule of Investments. 25

Schedule of Investments (unaudited)(continued)

MID CAP INNOVATION GROWTH FUND April 30, 2022

Investments	Shares		Fair Value
Hotels, Restaurants & Leisure 4.22%
Chipotle Mexican Grill, Inc.*		96	$	139,739
Planet Fitness, Inc. Class A*		1,406		112,522
Vail Resorts, Inc.		280		71,165
Total				323,426
Household Durables 0.44%
Sonos, Inc.*		1,478		33,728
Industrial Conglomerates 1.02%
Roper Technologies, Inc.		167		78,477
Information Technology Services 5.22%
Cloudflare, Inc. Class A*		1,049		90,361
Endava plc ADR*		621		62,472
GoDaddy, Inc. Class A*		922		74,507
MongoDB, Inc.*		194		68,856
WEX, Inc.*		628		104,399
Total				400,595
Interactive Media & Services 0.98%
Match Group, Inc.*		951		75,272
Internet & Direct Marketing Retail 0.30%
Etsy, Inc.*		247		23,018
Life Sciences Tools & Services 0.38%
Agilent Technologies, Inc.		247		29,460
Machinery 1.78%
Evoqua Water Technologies Corp.*		1,506		62,785
Middleby Corp. (The)*		479		73,713
Total				136,498
Oil, Gas & Consumable Fuels 2.78%
Cheniere Energy, Inc.		1,568		212,950
Personal Products 0.37%
Olaplex Holdings, Inc.*		1,931		28,386
Pharmaceuticals 1.24%
Intra-Cellular Therapies, Inc.*		1,874		94,843

Investments	Shares		Fair Value
Professional Services 1.23%
Robert Half International, Inc.		960	$	94,378
Road & Rail 0.55%
J.B. Hunt Transport Services, Inc.		248		42,371
Semiconductors & Semiconductor Equipment 8.58%
Diodes, Inc.*		619		45,206
Enphase Energy, Inc.*		664		107,170
Entegris, Inc.		805		89,669
KLA Corp.		211		67,364
Lattice Semiconductor Corp.*		837		40,209
Marvell Technology, Inc.		1,217		70,683
Monolithic Power Systems, Inc.		255		100,021
Rambus, Inc.*		3,720		92,665
SolarEdge Technologies, Inc. (Israel)*(a)		181		45,324
Total				658,311
Software 16.22%
Bill.com Holdings, Inc.*		471		80,405
Crowdstrike Holdings, Inc. Class A*		714		141,915
CyberArk Software Ltd. (Israel)*(a)		531		83,441
Datadog, Inc. Class A*		912		110,151
Five9, Inc.*		431		47,453
Fortinet, Inc.*		262		75,721
HubSpot, Inc.*		210		79,680
Jamf Holding Corp.*		3,140		96,712
Palo Alto Networks, Inc.*		343		192,519
Paycom Software, Inc.*		358		100,766
Qualtrics International, Inc. Class A*		3,830		71,008
Trade Desk, Inc. (The) Class A*		1,642		96,747
Zscaler, Inc.*		337		68,323
Total				1,244,841

26 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

MID CAP INNOVATION GROWTH FUND April 30, 2022

Investments	Shares		Fair Value
Specialty Retail 5.66%
Dick’s Sporting Goods, Inc.		422	$	40,689
O’Reilly Automotive, Inc.*		207		125,556
Tractor Supply Co.		623		125,503
Ulta Beauty, Inc.*		360		142,848
Total				434,596
Technology Hardware, Storage & Peripherals 1.54%
Pure Storage, Inc. Class A*		4,035		118,226

Investments	Shares		Fair Value
Textiles, Apparel & Luxury Goods 3.26%
Crocs, Inc.*		1,077	$	71,545
Lululemon Athletica, Inc. (Canada)*(a)		503		178,379
Total				249,924
Total Common Stocks 97.41% (cost $8,064,516)				7,474,246
Other Assets and Liabilities – Net 2.59%				199,038
Net Assets 100.00%			$	7,673,284

ADR	American Depositary Receipt.
*	Non-income producing security.
(a)	Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of April 30, 2022 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Common Stocks
Technology Hardware, Storage & Peripherals	$	–	$	118,226	$	–	$	118,226
Remaining Industries		7,356,020		–		–		7,356,020
Total	$	7,356,020	$	118,226	$	–	$	7,474,246

(1)	Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)	See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

See Notes to Schedule of Investments. 27

Schedule of Investments (unaudited)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
LONG-TERM INVESTMENTS 100.05%
ASSET-BACKED SECURITIES 3.92%
Other
AMMC CLO Ltd. 2021 24A E†	7.633% (3 Mo. LIBOR + 6.57%	)#	1/20/2035	$	250,000	$	243,579	(a)
Carlyle US CLO Ltd. 2019-3A CR†	4.263% (3 Mo. LIBOR + 3.20%	)#	10/20/2032		250,000		244,489	(a)
CIFC Funding Ltd. 2013-4A DRR†	4.025% (3 Mo. LIBOR + 2.80%	)#	4/27/2031		250,000		245,000	(a)
Neuberger Berman Loan CLO Ltd. 2020 36A ER†	7.813% (3 Mo. LIBOR + 6.75%	)#	4/20/2033		350,000		344,458	(a)
Total Asset-Backed Securities (cost $1,089,068)							1,077,526
CONVERTIBLE BONDS 0.92%
Airlines 0.10%
American Airlines Group, Inc.	6.50%		7/1/2025		20,000		27,990
Commercial Services 0.13%
Chegg, Inc.	Zero Coupon		9/1/2026		45,000		35,145
Media 0.20%
Liberty Media Corp-Liberty Formula One	1.00%		1/30/2023		16,000		27,142
World Wrestling Entertainment, Inc.	3.375%		12/15/2023		12,000		28,614
Total							55,756
Oil & Gas 0.49%
Antero Resources Corp.	4.25%		9/1/2026		9,000		73,110
Pioneer Natural Resources Co.	0.25%		5/15/2025		28,000		61,768
Total							134,878
Total Convertible Bonds (cost $212,397)							253,769
CORPORATE BONDS 83.31%
Advertising 0.71%
Clear Channel Worldwide Holdings, Inc.†	5.125%		8/15/2027		85,000		79,987
National CineMedia LLC†	5.875%		4/15/2028		40,000		34,447
Outfront Media Capital LLC/Outfront Media Capital Corp.†	6.25%		6/15/2025		80,000		81,105
Total							195,539

28 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Aerospace/Defense 2.25%
Bombardier, Inc. (Canada)†(b)	7.125%		6/15/2026		$	59,000	$	54,351
Howmet Aerospace, Inc.	6.875%		5/1/2025			80,000		84,706
Spirit AeroSystems, Inc.†	5.50%		1/15/2025			35,000		34,694
TransDigm, Inc.	5.50%		11/15/2027			452,000		415,058
Triumph Group, Inc.†	8.875%		6/1/2024			28,000		29,010
Total								617,819
Agriculture 0.39%
Kernel Holding SA (Ukraine)†(b)	6.50%		10/17/2024			200,000		108,250
Airlines 2.45%
Air Canada (Canada)†(b)	3.875%		8/15/2026			65,000		60,175
American Airlines Group, Inc.†	3.75%		3/1/2025			38,000		33,971
American Airlines Inc/AAdvantage Loyalty IP Ltd.†	5.50%		4/20/2026			41,000		40,689
American Airlines, Inc.†	11.75%		7/15/2025			199,000		229,234
Delta Air Lines, Inc.	4.375%		4/19/2028			45,000		42,174
Hawaiian Airlines 2013-1 Class A Pass Through Certificates	3.90%		1/15/2026			68,363		62,746
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.†	5.75%		1/20/2026			66,817		65,255
United Airlines, Inc.†	4.375%		4/15/2026			145,000		140,143
Total								674,387
Apparel 0.13%
Under Armour, Inc.	3.25%		6/15/2026			40,000		36,861
Auto Manufacturers 2.45%
Ford Motor Co.	4.346%		12/8/2026			240,000		230,670
Ford Motor Co.	6.625%		10/1/2028			185,000		191,972
Ford Motor Credit Co. LLC	3.815%		11/2/2027			200,000		182,243
JB Poindexter & Co., Inc.†	7.125%		4/15/2026			69,000		69,216
Total								674,101
Auto Parts & Equipment 0.05%
Clarios Global LP†	6.75%		5/15/2025			13,000		13,277
Banks 0.93%
Bank of Ireland Group plc(c)	0.375% (1 Yr. EUSA + .77%	)#	5/10/2027		EUR	100,000		96,309
Citigroup, Inc.	3.875% (5 Yr. Treasury CMT + 3.42%	)#	–	(d)	$	45,000		40,762
Citigroup, Inc.	5.95% (3 Mo. LIBOR + 4.07%	)#	–	(d)		27,000		27,068

See Notes to Schedule of Investments. 29

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Banks (continued)
Goldman Sachs Group, Inc. (The)	4.125% (5 Yr. Treasury CMT + 2.95%	)#	–	(d)	$	75,000	$	67,355
Texas Capital Bancshares, Inc.	4.00% (5 Yr. Treasury CMT + 3.15%	)#	5/6/2031			25,000		23,971
Total								255,465
Building Materials 0.68%
Eco Material Technologies, Inc.†	7.875%		1/31/2027			70,000		67,860
SRM Escrow Issuer LLC†	6.00%		11/1/2028			35,000		33,658
Standard Industries Inc/NJ†	5.00%		2/15/2027			90,000		85,380
Total								186,898
Chemicals 1.33%
ASP Unifrax Holdings, Inc.†	5.25%		9/30/2028			45,000		39,746
CVR Partners LP/CVR Nitrogen Finance Corp.†	6.125%		6/15/2028			55,000		53,978
Rain CII Carbon LLC/CII Carbon Corp.†	7.25%		4/1/2025			61,000		58,798
SCIH Salt Holdings, Inc.†	4.875%		5/1/2028			25,000		21,641
Tianqi Finco Co. Ltd.	3.75%		11/28/2022			200,000		191,000
Total								365,163
Coal 1.24%
Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.†	7.50%		5/1/2025			100,000		100,397
Coronado Finance Pty Ltd. (Australia)†(b)	10.75%		5/15/2026			71,000		76,329
Natural Resource Partners LP/NRP Finance Corp.†	9.125%		6/30/2025			79,000		80,766
Peabody Energy Corp.†	6.375%		3/31/2025			35,000		34,350
Warrior Met Coal, Inc.†	7.875%		12/1/2028			47,000		49,243
Total								341,085
Commercial Services 3.29%
AA Bond Co. Ltd.(c)	6.50%		1/31/2026		GBP	100,000		122,630
Ahern Rentals, Inc.†	7.375%		5/15/2023		$	24,000		22,680
Alta Equipment Group, Inc.†	5.625%		4/15/2026			60,000		55,854
AMN Healthcare, Inc.†	4.625%		10/1/2027			18,000		17,304
Block, Inc.†	2.75%		6/1/2026			85,000		77,618
Hertz Corp. (The)†	4.625%		12/1/2026			59,000		53,858
Hertz Corp. (The)†	5.50%		10/15/2024			22,000		330
Hertz Corp. (The)	6.25%		10/15/2022			2,000		30
IPD 3 BV(c)	5.50%		12/1/2025		EUR	100,000		103,853

30 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Commercial Services (continued)
Legends Hospitality Holding Co. LLC/Legends Hospitality Co-Issuer, Inc.†	5.00%	2/1/2026	$	63,000	$	59,201
PeopleCert Wisdom Issuer plc†(c)	5.75%	9/15/2026	EUR	100,000		102,794
Prime Security Services Borrower LLC/Prime Finance, Inc.†	5.75%	4/15/2026	$	60,000		57,629
Sabre GLBL, Inc.†	7.375%	9/1/2025		14,000		14,188
Sabre GLBL, Inc.†	9.25%	4/15/2025		33,000		35,263
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.†	4.625%	11/1/2026		65,000		62,312
WASH Multifamily Acquisition, Inc.†	5.75%	4/15/2026		122,000		118,801
Total						904,345
Computers 0.43%
Booz Allen Hamilton, Inc.†	3.875%	9/1/2028		23,000		21,216
Booz Allen Hamilton, Inc.†	4.00%	7/1/2029		14,000		12,932
Dell International LLC/EMC Corp.	6.02%	6/15/2026		35,000		37,000
Science Applications International Corp.†	4.875%	4/1/2028		50,000		47,879
Total						119,027
Cosmetics/Personal Care 0.12%
Coty, Inc.†	5.00%	4/15/2026		18,000		17,121
Coty, Inc.†	6.50%	4/15/2026		15,000		14,606
Total						31,727
Distribution/Wholesale 0.59%
American Builders & Contractors Supply Co., Inc.†	4.00%	1/15/2028		76,000		70,977
Avient Corp.†	5.75%	5/15/2025		12,000		12,135
H&E Equipment Services, Inc.†	3.875%	12/15/2028		90,000		78,501
Total						161,613
Diversified Financial Services 3.11%
Alliance Data Systems Corp.†	4.75%	12/15/2024		22,000		21,370
Alliance Data Systems Corp.†	7.00%	1/15/2026		50,000		50,823
Ally Financial, Inc.	5.75%	11/20/2025		25,000		25,709
Enova International, Inc.†	8.50%	9/15/2025		30,000		29,890
Global Aircraft Leasing Co. Ltd. PIK 7.25% (Cayman Islands)†(b)	6.50%	9/15/2024		23,517		20,113
Jefferson Capital Holdings LLC†	6.00%	8/15/2026		68,000		63,511
Kane Bidco Ltd.(c)	6.50%	2/15/2027	GBP	100,000		116,947
Navient Corp.	5.875%	10/25/2024	$	50,000		49,688
Navient Corp.	6.75%	6/25/2025		120,000		119,936

See Notes to Schedule of Investments. 31

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date		Principal Amount			Fair Value
Diversified Financial Services (continued)
Navient Corp.	6.75%		6/15/2026		$	60,000	$	59,064
OneMain Finance Corp.	3.50%		1/15/2027			100,000		87,988
OneMain Finance Corp.	8.25%		10/1/2023			88,000		91,323
OneMain Finance Corp.	8.875%		6/1/2025			88,000		92,411
PRA Group, Inc.†	7.375%		9/1/2025			26,000		26,934
Total								855,707
Electric 1.95%
Calpine Corp.†	5.125%		3/15/2028			50,000		45,481
DPL, Inc.	4.35%		4/15/2029			40,000		36,656
Elwood Energy LLC	8.159%		7/5/2026			13,765		13,991
FirstEnergy Corp.	2.05%		3/1/2025			75,000		71,019
NextEra Energy Operating Partners LP†	3.875%		10/15/2026			35,000		33,074
NextEra Energy Operating Partners LP†	4.50%		9/15/2027			40,000		37,940
NRG Energy, Inc.†	3.75%		6/15/2024			75,000		74,408
Talen Energy Supply LLC	6.50%		6/1/2025			111,000		41,233
Vistra Corp.†	7.00% (5 Yr. Treasury CMT + 5.74%	)#	–	(d)		29,000		28,258
Vistra Corp.†	8.00% (5 Yr. Treasury CMT + 6.93%	)#	–	(d)		35,000		35,284
Vistra Operations Co. LLC†	5.50%		9/1/2026			120,000		119,700
Total								537,044
Electrical Components & Equipment 0.38%
EnerSys†	4.375%		12/15/2027			35,000		32,540
WESCO Distribution, Inc.†	7.125%		6/15/2025			70,000		72,801
Total								105,341
Electronics 0.36%
Imola Merger Corp.†	4.75%		5/15/2029			31,000		28,870
Sensata Technologies BV†	5.00%		10/1/2025			70,000		69,564
Total								98,434
Energy-Alternate Sources 0.72%
Cullinan Holdco Scsp†(c)	4.625%		10/15/2026		EUR	100,000		96,509
Enviva Partners LP/Enviva Partners Finance Corp.†	6.50%		1/15/2026		$	23,000		23,462
TerraForm Power Operating LLC†	5.00%		1/31/2028			60,000		56,149
YPF Energia Electrica SA (Argentina)†(b)	10.00%		7/25/2026			23,000		21,548
Total								197,668

32 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Engineering & Construction 0.36%
Brundage-Bone Concrete Pumping Holdings, Inc.†	6.00%	2/1/2026	$	72,000	$	67,414
Weekley Homes LLC/Weekley Finance Corp.†	4.875%	9/15/2028		35,000		30,976
Total						98,390
Entertainment 2.57%
Affinity Gaming†	6.875%	12/15/2027		55,000		51,588
Banijay Entertainment SASU(c)	3.50%	3/1/2025	EUR	100,000		101,220
Boyne USA, Inc.†	4.75%	5/15/2029	$	29,000		26,937
Buena Vista Gaming Authority†	13.00%	4/1/2023		20,000		21,348
Caesars Entertainment, Inc.†	6.25%	7/1/2025		84,000		85,021
Caesars Resort Collection LLC/CRC Finco, Inc.†	5.75%	7/1/2025		13,000		13,290
International Game Technology plc†	4.125%	4/15/2026		200,000		188,820
Mohegan Gaming & Entertainment†	8.00%	2/1/2026		38,000		33,787
Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance In†	8.50%	11/15/2027		25,000		27,438
Pinewood Finance Co. Ltd.†(c)	3.625%	11/15/2027	GBP	100,000		115,460
Scientific Games International, Inc.†	8.625%	7/1/2025	$	16,000		16,781
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.†	7.75%	4/15/2025		25,000		25,800
Total						707,490
Food 1.34%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC†	3.25%	3/15/2026		179,000		163,548
Lamb Weston Holdings, Inc.†	4.875%	5/15/2028		50,000		48,700
Nathan’s Famous, Inc.†	6.625%	11/1/2025		18,000		18,042
Performance Food Group, Inc.†	5.50%	10/15/2027		55,000		53,442
Post Holdings, Inc.†	5.625%	1/15/2028		58,000		54,933
SEG Holding LLC/SEG Finance Corp.†	5.625%	10/15/2028		30,000		29,358
Total						368,023
Forest Products & Paper 0.22%
Resolute Forest Products, Inc. (Canada)†(b)	4.875%	3/1/2026		64,000		61,128
Health Care-Products 0.38%
Avantor Funding, Inc.(c)	2.625%	11/1/2025	EUR	100,000		103,071
Health Care-Services 4.66%
Acadia Healthcare Co., Inc.†	5.50%	7/1/2028	$	80,000		78,033
Air Methods Corp.†	8.00%	5/15/2025		70,000		57,329
Centene Corp.	2.45%	7/15/2028		140,000		122,319
CHS/Community Health Systems, Inc.†	5.625%	3/15/2027		155,000		147,930

See Notes to Schedule of Investments. 33

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Health Care-Services (continued)
Global Medical Response, Inc.†	6.50%		10/1/2025	$	52,000	$	50,443
Hadrian Merger Sub, Inc.†	8.50%		5/1/2026		46,000		45,577
HCA, Inc.†	3.125%		3/15/2027		75,000		70,625
HCA, Inc.	5.375%		9/1/2026		235,000		240,793
ModivCare, Inc.†	5.875%		11/15/2025		85,000		83,403
Molina Healthcare, Inc.†	4.375%		6/15/2028		89,000		83,309
Tenet Healthcare Corp.†	4.875%		1/1/2026		205,000		200,952
Tenet Healthcare Corp.†	6.125%		10/1/2028		80,000		76,937
US Acute Care Solutions LLC†	6.375%		3/1/2026		25,000		24,311
Total							1,281,961
Home Builders 1.35%
Century Communities, Inc.	6.75%		6/1/2027		30,000		30,365
Forestar Group, Inc.†	3.85%		5/15/2026		111,000		100,104
Meritage Homes Corp.	5.125%		6/6/2027		25,000		24,531
Meritage Homes Corp.	6.00%		6/1/2025		17,000		17,319
New Home Co., Inc. (The)†	7.25%		10/15/2025		51,000		48,291
Picasso Finance Sub, Inc.†	6.125%		6/15/2025		11,000		11,219
Shea Homes LP/Shea Homes Funding Corp.†	4.75%		2/15/2028		60,000		53,780
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.	5.875%		6/15/2024		50,000		50,833
Tri Pointe Homes, Inc.	5.25%		6/1/2027		35,000		33,861
Total							370,303
Insurance 0.30%
Global Atlantic Fin Co.†	4.70% (5 Yr. Treasury CMT + 3.80%	)#	10/15/2051		20,000		18,187
Radian Group, Inc.	4.875%		3/15/2027		65,000		62,808
Total							80,995
Internet 0.27%
Cogent Communications Group, Inc.†	3.50%		5/1/2026		45,000		42,541
Millennium Escrow Corp.†	6.625%		8/1/2026		20,000		18,507
Uber Technologies, Inc.†	7.50%		5/15/2025		12,000		12,406
Total							73,454
Iron-Steel 0.51%
Baffinland Iron Mines Corp./Baffinland Iron Mines LP (Canada)†(b)	8.75%		7/15/2026		20,000		20,351
Cleveland-Cliffs, Inc.†	6.75%		3/15/2026		70,000		73,456
United States Steel Corp.	6.875%		3/1/2029		45,000		45,836
Total							139,643

34 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Leisure Time 2.03%
Carnival Corp.†	4.00%	8/1/2028	$	30,000	$	27,045
Carnival Corp.†	10.50%	2/1/2026		110,000		121,135
CWT Travel Group, Inc.†	8.50%	11/19/2026		48,980		48,613
Life Time, Inc.†	5.75%	1/15/2026		34,000		33,036
Lindblad Expeditions LLC†	6.75%	2/15/2027		46,000		45,198
Royal Caribbean Cruises Ltd.†	5.375%	7/15/2027		148,000		136,209
Royal Caribbean Cruises Ltd.†	5.50%	4/1/2028		64,000		58,509
Royal Caribbean Cruises Ltd.†	9.125%	6/15/2023		56,000		57,884
Royal Caribbean Cruises Ltd.†	11.50%	6/1/2025		27,000		29,385
Total						557,014
Lodging 2.17%
Boyd Gaming Corp.	4.75%	12/1/2027		65,000		61,511
Full House Resorts, Inc.†	8.25%	2/15/2028		51,000		50,566
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc†	5.00%	6/1/2029		35,000		31,642
Marriott Ownership Resorts, Inc.	4.75%	1/15/2028		90,000		82,924
MGM Resorts International	4.75%	10/15/2028		60,000		55,194
MGM Resorts International	5.50%	4/15/2027		71,000		69,243
MGM Resorts International	5.75%	6/15/2025		15,000		14,920
Travel and Leisure Co.†	6.625%	7/31/2026		110,000		112,752
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.†	4.25%	5/30/2023		14,000		13,739
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.†	5.25%	5/15/2027		95,000		87,503
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.†	5.50%	3/1/2025		17,000		16,471
Total						596,465
Machinery: Construction & Mining 0.23%
Manitowoc Co., Inc. (The)†	9.00%	4/1/2026		62,000		64,239
Machinery-Diversified 0.34%
Clark Equipment Co.†	5.875%	6/1/2025		53,000		53,783
Granite US Holdings Corp.†	11.00%	10/1/2027		39,000		40,322
Total						94,105
Media 3.53%
AMC Networks, Inc.	4.75%	8/1/2025		60,000		58,010
CCO Holdings LLC/CCO Holdings Capital Corp.†	5.375%	6/1/2029		115,000		109,114
Diamond Sports Group LLC/Diamond Sports Finance Co.†	5.375%	8/15/2026		30,000		11,137
DISH DBS Corp.	5.875%	11/15/2024		50,000		48,562
DISH DBS Corp.	7.75%	7/1/2026		78,000		73,467

See Notes to Schedule of Investments. 35

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Media (continued)
Entercom Media Corp.†	6.50%		5/1/2027		$	45,000	$	38,758
Gray Television, Inc.†	7.00%		5/15/2027			50,000		51,750
Nexstar Media, Inc.†	5.625%		7/15/2027			115,000		112,033
Radiate Holdco LLC/Radiate Finance, Inc.†	4.50%		9/15/2026			70,000		64,562
Sirius XM Radio, Inc.†	3.125%		9/1/2026			115,000		106,074
Virgin Media Vendor Financing Notes III DAC(c)	4.875%		7/15/2028		GBP	100,000		114,664
Virgin Media Vendor Financing Notes IV DAC (Ireland)†(b)	5.00%		7/15/2028		$	200,000		181,963
Total								970,094
Mining 2.86%
Compass Minerals International, Inc.†	4.875%		7/15/2024			32,000		31,722
FMG Resources August 2006 Pty Ltd. (Australia)†(b)	4.50%		9/15/2027			114,000		108,156
FMG Resources August 2006 Pty Ltd. (Australia)†(b)	5.125%		5/15/2024			27,000		27,305
Freeport-McMoRan, Inc.	4.55%		11/14/2024			70,000		71,029
Hecla Mining Co.	7.25%		2/15/2028			73,000		73,827
Hudbay Minerals, Inc. (Canada)†(b)	4.50%		4/1/2026			115,000		106,463
Kaiser Aluminum Corp.†	4.625%		3/1/2028			56,000		51,471
New Gold, Inc. (Canada)†(b)	6.375%		5/15/2025			21,000		21,376
Novelis Corp.†	3.25%		11/15/2026			96,000		87,710
Taseko Mines Ltd. (Canada)†(b)	7.00%		2/15/2026			39,000		38,755
Vedanta Resources Ltd. (India)†(b)	6.125%		8/9/2024			200,000		167,897
Total								785,711
Miscellaneous Manufacturing 0.95%
FXI Holdings, Inc.†	7.875%		11/1/2024			59,000		58,239
General Electric Co.	4.156% (3 Mo. LIBOR + 3.33%	)#	–	(d)		97,000		92,016
LSB Industries, Inc.†	6.25%		10/15/2028			49,000		48,084
Trinity Industries, Inc.	4.55%		10/1/2024			62,000		61,695
Total								260,034
Oil & Gas 16.68%
Aethon United BR LP/Aethon United Finance Corp.†	8.25%		2/15/2026			118,000		121,762
Antero Resources Corp.†	8.375%		7/15/2026			16,000		17,261
Baytex Energy Corp. (Canada)†(b)	8.75%		4/1/2027			62,000		65,657
Berry Petroleum Co. LLC†	7.00%		2/15/2026			127,000		123,430
California Resources Corp.†	7.125%		2/1/2026			134,000		136,556
Callon Petroleum Co.	6.125%		10/1/2024			46,000		45,478
Callon Petroleum Co.	6.375%		7/1/2026			84,000		81,172

36 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate	Maturity Date	Principal Amount		Fair Value
Oil & Gas (continued)
Callon Petroleum Co.†	9.00%	4/1/2025	$	30,000	$	31,840
Centennial Resource Production LLC†	5.375%	1/15/2026		147,000		143,859
Centennial Resource Production LLC†	6.875%	4/1/2027		30,000		29,982
Chesapeake Energy Corp.†	5.50%	2/1/2026		50,000		49,635
Citgo Holding, Inc.†	9.25%	8/1/2024		75,000		74,628
CITGO Petroleum Corp.†	6.375%	6/15/2026		45,000		44,804
CITGO Petroleum Corp.†	7.00%	6/15/2025		65,000		64,670
Civitas Resources, Inc.†	5.00%	10/15/2026		137,000		130,332
Colgate Energy Partners III LLC†	7.75%	2/15/2026		119,000		124,807
Crescent Energy Finance LLC†	7.25%	5/1/2026		133,000		131,242
CrownRock LP/CrownRock Finance, Inc.†	5.625%	10/15/2025		47,000		47,058
Earthstone Energy Holdings LLC†	8.00%	4/15/2027		78,000		77,853
Encino Acquisition Partners Holdings LLC†	8.50%	5/1/2028		115,000		115,419
EQT Corp.†	3.125%	5/15/2026		45,000		42,477
EQT Corp.	6.625%	2/1/2025		70,000		72,946
Geopark Ltd. (Colombia)†(b)	5.50%	1/17/2027		200,000		180,523
Gulfport Energy Operating Corp.†	8.00%	5/17/2026		58,512		60,292
Laredo Petroleum, Inc.	9.50%	1/15/2025		150,000		153,962
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.†	6.00%	8/1/2026		62,000		62,072
Matador Resources Co.	5.875%	9/15/2026		187,000		183,835
MEG Energy Corp. (Canada)†(b)	7.125%	2/1/2027		150,000		152,602
Murphy Oil Corp.	6.375%	7/15/2028		35,000		35,642
Nabors Industries Ltd.†	7.25%	1/15/2026		56,000		54,804
Nabors Industries, Inc.	5.75%	2/1/2025		33,000		31,600
Nabors Industries, Inc.†	7.375%	5/15/2027		20,000		20,430
Nabors Industries, Inc.†	9.00%	2/1/2025		40,000		41,513
Oasis Petroleum, Inc.†	6.375%	6/1/2026		120,000		120,724
Occidental Petroleum Corp.	5.55%	3/15/2026		375,000		384,802
Occidental Petroleum Corp.	6.95%	7/1/2024		50,000		52,505
Occidental Petroleum Corp.	8.00%	7/15/2025		30,000		32,365
PBF Holding Co. LLC/PBF Finance Corp.	7.25%	6/15/2025		43,000		41,604
PBF Holding Co. LLC/PBF Finance Corp.†	9.25%	5/15/2025		134,000		139,168
PDC Energy, Inc.	5.75%	5/15/2026		110,000		107,166
Penn Virginia Holdings LLC†	9.25%	8/15/2026		109,000		111,861
Precision Drilling Corp. (Canada)†(b)	6.875%	1/15/2029		41,000		39,828
Precision Drilling Corp. (Canada)†(b)	7.125%	1/15/2026		82,000		82,351
Range Resources Corp.	4.875%	5/15/2025		147,000		145,716
SM Energy Co.	5.625%	6/1/2025		107,000		104,740

See Notes to Schedule of Investments. 37

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Oil & Gas (continued)
SM Energy Co.	6.625%		1/15/2027	$	25,000	$	24,905
SM Energy Co.	6.75%		9/15/2026		25,000		24,907
Southwestern Energy Co.	5.375%		2/1/2029		30,000		29,675
Southwestern Energy Co.	5.95%		1/23/2025		19,000		19,297
Tap Rock Resources LLC†	7.00%		10/1/2026		85,000		85,976
Turkiye Petrol Rafinerileri AS (Turkey)†(b)	4.50%		10/18/2024		200,000		190,780
W&T Offshore, Inc.†	9.75%		11/1/2023		95,000		94,491
Total							4,583,004
Oil & Gas Services 2.62%
Bristow Group, Inc.†	6.875%		3/1/2028		35,000		34,347
Exterran Energy Solutions LP/EES Finance Corp.	8.125%		5/1/2025		50,000		50,196
Oceaneering International, Inc.	4.65%		11/15/2024		104,000		100,744
TechnipFMC plc (United Kingdom)†(b)	6.50%		2/1/2026		84,000		87,034
USA Compression Partners LP/USA Compression Finance Corp.	6.875%		4/1/2026		59,000		57,898
USA Compression Partners LP/USA Compression Finance Corp.	6.875%		9/1/2027		38,000		37,189
Weatherford International Ltd.†	6.50%		9/15/2028		25,000		25,275
Weatherford International Ltd.†	11.00%		12/1/2024		120,000		123,772
Welltec International ApS (Denmark)†(b)	8.25%		10/15/2026		200,000		203,065
Total							719,520
Packaging & Containers 0.68%
Mauser Packaging Solutions Holding Co.†	5.50%		4/15/2024		50,000		48,881
Pactiv LLC	7.95%		12/15/2025		40,000		39,255
Sealed Air Corp.†	5.50%		9/15/2025		50,000		51,187
Silgan Holdings, Inc.	4.125%		2/1/2028		14,000		13,076
Trident TPI Holdings, Inc.†	9.25%		8/1/2024		36,000		35,423
Total							187,822
Pharmaceuticals 0.13%
Option Care Health, Inc.†	4.375%		10/31/2029		38,000		34,204
Pipelines 2.81%
Antero Midstream Partners LP/Antero Midstream Finance Corp.†	7.875%		5/15/2026		52,000		54,447
Buckeye Partners LP	3.95%		12/1/2026		41,000		38,796
Buckeye Partners LP†	4.125%		3/1/2025		12,000		11,520
Buckeye Partners LP	6.375% (3 Mo. LIBOR + 4.02%	)#	1/22/2078		85,000		70,486
Cheniere Energy Partners LP	4.50%		10/1/2029		40,000		38,354

38 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date		Principal Amount		Fair Value
Pipelines (continued)
Delek Logistics Partners LP/Delek Logistics Finance Corp.†	7.125%		6/1/2028		$	45,000	$	43,100
Energy Transfer LP	6.50% (5 Yr. Treasury CMT + 5.69%	)#	–	(d)		74,000		70,493
Northriver Midstream Finance LP (Canada)†(b)	5.625%		2/15/2026			98,000		95,734
PBF Logistics LP/PBF Logistics Finance Corp.	6.875%		5/15/2023			65,000		64,930
Plains All American Pipeline LP	6.125% (3 Mo. LIBOR + 4.11%	)#	–	(d)		90,000		75,825
Rattler Midstream LP†	5.625%		7/15/2025			40,000		40,104
Venture Global Calcasieu Pass LLC†	3.875%		8/15/2029			35,000		31,983
Western Midstream Operating LP	3.95%		6/1/2025			141,000		136,178
Total								771,950
Real Estate 0.78%
Canary Wharf Group Investment Holdings plc(c)	3.375%		4/23/2028		GBP	100,000		117,416
Vivion Investments Sarl(c)	3.00%		8/8/2024		EUR	100,000		97,068
Total								214,484
REITS 4.42%
Blackstone Mortgage Trust, Inc.†	3.75%		1/15/2027		$	85,000		77,670
HAT Holdings I LLC/HAT Holdings II LLC†	3.375%		6/15/2026			68,000		62,538
HAT Holdings I LLC/HAT Holdings II LLC†	6.00%		4/15/2025			74,000		75,205
IIP Operating Partnership LP	5.50%		5/25/2026			50,000		49,983
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.†	4.25%		2/1/2027			70,000		64,431
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.†	5.25%		10/1/2025			58,000		57,056
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer†	5.875%		10/1/2028			90,000		87,422
SBA Communications Corp.	3.875%		2/15/2027			105,000		99,771
Service Properties Trust	4.35%		10/1/2024			147,000		136,401
Service Properties Trust	4.50%		6/15/2023			40,000		39,060
Service Properties Trust	4.50%		3/15/2025			28,000		25,381
Starwood Property Trust, Inc.†	3.75%		12/31/2024			84,000		80,939
Starwood Property Trust, Inc.†	4.375%		1/15/2027			65,000		60,706
VICI Properties LP/VICI Note Co., Inc.†	3.50%		2/15/2025			103,000		99,010
VICI Properties LP/VICI Note Co., Inc.†	3.75%		2/15/2027			35,000		32,312
VICI Properties LP/VICI Note Co., Inc.†	4.25%		12/1/2026			50,000		47,439
VICI Properties LP/VICI Note Co., Inc.†	4.625%		6/15/2025			8,000		8,000
VICI Properties LP/VICI Note Co., Inc.†	5.625%		5/1/2024			36,000		36,585
XHR LP†	6.375%		8/15/2025			75,000		75,994
Total								1,215,903

See Notes to Schedule of Investments. 39

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Retail 4.59%
1011778 BC ULC/New Red Finance, Inc. (Canada)†(b)	3.50%		2/15/2029	$	54,000	$	47,756
Bath & Body Works, Inc.	6.694%		1/15/2027		40,000		41,379
Bath & Body Works, Inc.†	9.375%		7/1/2025		32,000		36,039
BCPE Ulysses Intermediate, Inc. PIK 8.50%†	7.75%		4/1/2027		55,000		47,094
Golden Goose SpA†(c)	4.875% (3 Mo. EURIBOR + 4.88%	)#	5/14/2027	EUR	100,000		102,976
GPS Hospitality Holding Co. LLC/GPS Finco, Inc.†	7.00%		8/15/2028	$	60,000		45,682
Guitar Center, Inc.†	8.50%		1/15/2026		69,000		69,237
IRB Holding Corp.†	7.00%		6/15/2025		50,000		51,517
Ken Garff Automotive LLC†	4.875%		9/15/2028		28,000		25,517
Lithia Motors, Inc.†	4.625%		12/15/2027		80,000		76,295
Murphy Oil USA, Inc.	5.625%		5/1/2027		107,000		105,665
Nordstrom, Inc.	4.00%		3/15/2027		60,000		55,679
Party City Holdings, Inc.†	6.125%		8/15/2023		17,000		15,585
Party City Holdings, Inc.†	6.625%		8/1/2026		20,000		16,300
Party City Holdings, Inc.†	8.75%		2/15/2026		27,000		24,849
Penske Automotive Group, Inc.	3.50%		9/1/2025		75,000		72,472
PetSmart, Inc./PetSmart Finance Corp.†	4.75%		2/15/2028		250,000		232,851
Sally Holdings LLC/Sally Capital, Inc.†	8.75%		4/30/2025		50,000		52,502
Specialty Building Products Holdings LLC/SBP Finance Corp.†	6.375%		9/30/2026		48,000		46,856
Staples, Inc.†	7.50%		4/15/2026		78,000		74,614
Staples, Inc.†	10.75%		4/15/2027		24,000		21,295
Total							1,262,160
Software 0.34%
PTC, Inc.†	3.625%		2/15/2025		65,000		63,052
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.†	3.875%		2/1/2029		35,000		31,024
Total							94,076
Telecommunications 2.01%
Sprint Capital Corp.	6.875%		11/15/2028		100,000		109,911
Sprint Corp.	7.625%		2/15/2025		135,000		143,757
Sprint Corp.	7.625%		3/1/2026		70,000		76,103
Switch Ltd.†	3.75%		9/15/2028		57,000		53,518
T-Mobile USA, Inc.†	2.25%		2/15/2026		140,000		128,952
Vodafone Group plc (United Kingdom)(b)	3.25% (5 Yr. Treasury CMT + 2.45%	)#	6/4/2081		45,000		40,551
Total							552,792

40 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Total Trucking & Leasing 0.37%
Fly Leasing Ltd. (Ireland)†(b)	7.00%		10/15/2024	$	60,000	$	52,951
Fortress Transportation and Infrastructure Investors LLC†	6.50%		10/1/2025		52,000		49,629
Total							102,580
Toys/Games/Hobbies 0.08%
Mattel, Inc.†	3.375%		4/1/2026		21,000		20,445
Transportation 0.08%
Carriage Purchaser, Inc.†	7.875%		10/15/2029		25,000		21,970
Water 0.09%
Solaris Midstream Holdings LLC†	7.625%		4/1/2026		25,000		25,657
Total Corporate Bonds (cost $23,811,177)							22,898,438
FLOATING RATE LOANS(e) 11.03%
Aerospace/Defense 0.08%
Cobham Ultra SeniorCo S.a.r.l USD Term Loan B	–	(f)	11/17/2028		21,716		21,578
Auto Parts & Equipment 0.31%
Chassix Inc. 2017 1st Lien Term Loan	6.50% (3 Mo. LIBOR + 5.50% (6 Mo. LIBOR + 5.50%	) )	11/15/2023		94,329		85,074
Automakers 0.21%
Drive Chassis HoldCo, LLC 2019 2nd Lien Term Loan	7.739% (3 Mo. LIBOR + 6.75%	)	4/10/2026		57,998		57,636
Building & Construction 0.16%
Centuri Group, Inc Term Loan B	3.01% (3 Mo. LIBOR + 2.50%	)	8/27/2028		27,343		27,072
USIC Holdings, Inc. 2021 2nd Lien Term Loan	7.264% (1 Mo. LIBOR + 6.50%	)	5/14/2029		16,454		16,372
Total							43,444
Building Materials 0.10%
Oscar AcquisitionCo, LLC Term Loan B	–	(f)	4/29/2029		28,000		26,892
Cable & Satellite Television 0.09%
Intelsat Jackson Holdings S.A. 2021 Exit Term Loan B (Luxembourg)(b)	–	(f)	2/1/2029		25,956		25,258

See Notes to Schedule of Investments. 41

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Commercial Services 0.25%
Element Materials Technology Group US Holdings, Inc. 2022 USD Term Loan	–	(f)	4/12/2029	$	7,631	$	7,618
SSH Group Holdings, Inc. 2018 1st Lien Term Loan	5.256% (3 Mo. LIBOR + 4.25%	)	7/30/2025		42,736		41,187
Vaco Holdings, LLC 2022 Term Loan	–	(f)	1/21/2029		18,346		18,357
Total							67,162
Diversified Capital Goods 0.07%
Tank Holding Corp. 2022 Term Loan	6.842% (1 Mo. SOFR + 6.00%	)	3/31/2028		20,300		19,995	(g)
Diversified Financial Services 0.18%
Armor Holding II LLC 2021 Term Loan B	5.203% (3 Mo. LIBOR + 4.50%	)	12/11/2028		50,000		49,958
Electric: Generation 0.08%
Lightstone Holdco LLC 2018 Term Loan B	4.989% (3 Mo. LIBOR + 3.75%	)	1/30/2024		23,377		21,771
Electric: Integrated 0.23%
Helix Gen Funding, LLC Term Loan B	4.75% (1 Mo. LIBOR + 3.75%	)	6/3/2024		63,060		61,355
Lightstone Holdco LLC 2018 Term Loan C	4.989% (3 Mo. LIBOR + 3.75%	)	1/30/2024		1,318		1,227
Total							62,582
Electronics 0.07%
Altar Bidco, Inc. 2021 2nd Lien Term Loan	6.40% (1 Mo. LIBOR + 5.60%	)	2/1/2030		20,038		19,813
Energy: Exploration & Production 0.34%
Kestrel Acquisition, LLC 2018 Term Loan B	5.25% (1 Mo. LIBOR + 4.25%	)	6/2/2025		54,716		52,801
Parkway Generation, LLC Term Loan B	–	(f)	2/18/2029		35,088		35,022
Parkway Generation, LLC Term Loan C	–	(f)	2/18/2029		4,912		4,898
Total							92,721
Forestry/Paper 0.17%
Sylvamo Corporation Term Loan B	–	(f)	8/18/2028		46,951		46,188

42 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Gaming 0.16%
Alterra Mountain Company Term Loan B1	3.514% (1 Mo. LIBOR + 2.75%	)	7/31/2024	$	17,722	$	17,656
TopGolf International, Inc. Term Loan B	7.00% (1 Mo. LIBOR + 6.25%	)	2/9/2026		24,560		24,998
Total							42,654
Gas Distribution 0.48%
AL GCX Holdings, LLC Term Loan B	–	(f)	4/20/2029		21,500		21,480
Freeport LNG Investments, LLLP Term Loan B	–	(f)	12/21/2028		40,000		39,822
Lucid Energy Group II Borrower, LLC 2021 Term Loan	5.00% (1 Mo. LIBOR + 4.25%	)	11/24/2028		72,118		71,591
Total							132,893
Health Facilities 0.98%
EyeCare Partners, LLC 2021 Incremental Term Loan	4.756% (3 Mo. LIBOR + 3.75%	)	11/15/2028		50,000		49,394
Medical Solutions Holdings, Inc. 2021 1st Lien Term Loan	4.506% (3 Mo. LIBOR + 3.50%	)	11/1/2028		17,882		17,748
Medical Solutions Holdings, Inc. 2021 Delayed Draw Term Loan(h)	3.50%		11/1/2028		3,406		3,380
NAPA Management Services Corporation Term Loan B	–	(f)	2/23/2029		35,833		35,549
SCP Eye Care Services, LLC 2021 Delayed Draw Term Loan(h)	4.50%		3/16/2028		5,934		5,916
SCP Eye Care Services, LLC 2021 Term Loan	6.00% (3 Mo. LIBOR + 4.50%	)	3/16/2028		33,980		33,874
Summit Behavioral Healthcare LLC 1st Lien Term Loan	5.50% (3 Mo. LIBOR + 4.75%	)	11/24/2028		25,000		24,563
Surgery Center Holdings, Inc. 2021 Term Loan	4.50% (1 Mo. LIBOR + 3.75%	)	8/31/2026		100,000		99,222
Total							269,646
Health Services 0.48%
Gainwell Acquisition Corp. Term Loan B	–	(f)	10/1/2027		40,000		39,950
Horizon Therapeutics USA Inc. 2021 Term Loan B2	–	(f)	3/15/2028		50,000		49,487

See Notes to Schedule of Investments. 43

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Health Services (continued)
National Mentor Holdings, Inc. 2021 Term Loan	4.50% (1 Mo. LIBOR + 3.75%	)	3/2/2028	$	41,763	$	40,232
National Mentor Holdings, Inc. 2021 Term Loan C	4.76% (3 Mo. LIBOR + 3.75%	)	3/2/2028		1,264		1,217
Total							130,886
Integrated Energy 0.17%
CPV Shore Holdings, LLC Term Loan	4.52% (1 Mo. LIBOR + 3.75%	)	12/29/2025		25,069		24,158
Oregon Clean Energy, LLC Term Loan	4.75% (1 Mo. LIBOR + 3.75%	)	3/1/2026		24,549		23,604
Total							47,762
Investments & Miscellaneous Financial Services 0.36%
Fender Musical Instruments Corporation 2021 Term Loan B	–	(f)	12/1/2028		60,342		60,040
Hudson River Trading LLC 2021 Term Loan	–	(f)	3/20/2028		39,899		39,438
Total							99,478
Machinery 0.06%
CMBF LLC Term Loan	6.50% (1 Mo. LIBOR + 6.00%	)	8/2/2028		16,490		16,036
Media: Content 0.64%
NEP/NCP Holdco, Inc. 2018 2nd Lien Term Loan	7.764% (1 Mo. LIBOR + 7.00%	)	10/19/2026		50,000		48,385
Playtika Holding Corp 2021 Term Loan	–	(f)	3/13/2028		40,000		39,638
Univision Communications, Inc. 2022 Term Loan B	–	(f)	1/31/2029		90,000		89,072
Total							177,095
Medical Products 0.68%
Athenahealth, Inc. 2022 Delayed Draw Term loan(h)	1.75%		2/15/2029		7,246		7,160
Athenahealth, Inc. 2022 Term Loan B	–	(f)	2/15/2029		42,754		42,246
MedAssets Software Intermediate Holdings, Inc. 2021 Term Loan	4.50% (3 Mo. LIBOR + 4.00%	)	12/18/2028		62,761		62,416
Physician Partners LLC Term Loan	4.80%		12/26/2028		74,960		74,460
Total							186,282

44 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Metals/Mining (Excluding Steel) 0.25%
Alpha Metallurgical Resources, Inc. 2019 Term Loan	10.00% (3 Mo. LIBOR + 8.00%	)	6/14/2024	$	22,063	$	22,118
Peabody Energy Corporation 2018 Term Loan	3.499% (1 Mo. LIBOR + 2.75%	)	3/31/2025		49,819		47,147
Total							69,265
Oil Field Equipment & Services 0.21%
Ulterra Drilling Technologies, LP Term Loan B	6.014% (1 Mo. LIBOR + 5.25%	)	11/26/2025		59,312		57,211
Personal & Household Products 0.44%
Gibson Brands Inc. 2021 Term Loan	5.75% (3 Mo. LIBOR + 5.00%	)	8/11/2028		40,425		39,566
MND Holdings III Corp 2018 1st Lien Term Loan	4.506% (3 Mo. LIBOR + 3.50%	)	6/19/2024		82,247		81,424
Total							120,990
Pharmaceuticals 0.28%
Canopy Growth Corporation Term Loan (Canada)(b)	7.00% (3 Mo. LIBOR + 6.00%	)	3/18/2026		12,464		12,378
Grifols Worldwide Operations USA, Inc. USD 2019 Term Loan B	–	(f)	11/15/2027		50,000		48,935
LSCS Holdings, Inc. 2021 1st Lien Term Loan	5.264% (1 Mo. LIBOR + 4.50%	)	12/16/2028		15,946		15,829
Total							77,142
Real Estate Investment Trusts 0.09%
Washington Prime Group, L.P. 2021 Take-back Exit Term Loan	6.75% (1 Mo. LIBOR + 6.00%	)	10/20/2025		24,442		24,595
Recreation & Travel 0.42%
Bulldog Purchaser Inc. 2018 Term Loan	4.258% (3 Mo. LIBOR + 3.75%	)	9/5/2025		15,765		15,157
Motion Finco Sarl USD Term Loan B1 (Luxembourg)(b)	4.256% (3 Mo. LIBOR + 3.25%	)	11/12/2026		26,967		26,470
Motion Finco Sarl Delayed Draw Term Loan B2 (Luxembourg)(b)	4.256% (3 Mo. LIBOR + 3.25%	)	11/12/2026		3,571		3,505

See Notes to Schedule of Investments. 45

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Recreation & Travel (continued)
NASCAR Holdings, Inc Term Loan B	3.264% (1 Mo. LIBOR + 2.50%	)	10/19/2026	$	50,000	$	49,886
Travel Leaders Group, LLC 2018 Term Loan B	4.764% (1 Mo. LIBOR + 4.00%	)	1/25/2024		21,995		20,844
Total							115,862
Restaurants 0.17%
Miller’s Ale House, Inc. 2018 Term Loan	5.42% - 7.25% (Prime Rate + 3.75% (1 Mo. LIBOR + 4.75%	) )	5/30/2025		48,879		47,706
Software/Services 1.13%
Anastasia Parent, LLC 2018 Term Loan B	4.756% (3 Mo. LIBOR + 3.75%	)	8/11/2025		24,646		21,930
Applied Systems, Inc. 2021 2nd Lien Term Loan	6.506% (3 Mo. LIBOR + 5.50%	)	9/19/2025		24,117		24,160
Banff Merger Sub Inc 2021 USD 2nd Lien Term Loan	6.264% (1 Mo. LIBOR + 5.50%	)	2/27/2026		17,648		17,480
Imprivata, Inc. Term Loan	4.514% (1 Mo. LIBOR + 3.75%	)	12/1/2027		53,879		53,706
Magenta Buyer LLC 2021 USD 1st Lien Term Loan	6.23% (3 Mo. LIBOR + 5.00%	)	7/27/2028		59,762		59,015
Peraton Corp. Term Loan B	–	(f)	2/1/2028		60,000		59,677
Renaissance Holding Corp. 2018 1st Lien Term Loan	4.014% (1 Mo. LIBOR + 3.25%	)	5/30/2025		34,754		34,496
Riverbed Technology, Inc. 2021 PIK Exit Term Loan PIK 2.00%	7.00% (3 Mo. LIBOR + 6.00%	)	12/8/2026		51,911		40,876
Total							311,340
Specialty Retail 0.39%
Birkenstock GmbH & Co. KG USD Term Loan B (Germany)(b)	–	(f)	4/28/2028		60,000		58,387
Crocs Inc Term Loan B	3.50% (3 Mo. SOFR + 3.50%	)	2/20/2029		50,000		48,938
Total							107,325

46 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
Support: Services 0.75%
Aramark Services, Inc. 2018 Term Loan B3	2.514% (1 Mo. LIBOR + 1.75%	)	3/11/2025	$	40,000	$	39,471
AVSC Holding Corp. 2020 Term Loan B1	4.25% (3 Mo. LIBOR + 3.25%	)	3/3/2025		29,016		27,103
Kingpin Intermediate Holdings LLC 2018 Term Loan B	4.50% (1 Mo. LIBOR + 3.50%	)	7/3/2024		24,540		24,338
Sabre GLBL Inc. 2022 Term Loan B	–	(f)	6/30/2028		24,187		24,138
Stonepeak Taurus Lower Holdings LLC 2022 2nd Lien Term Loan	–	(f)	1/28/2030		26,167		25,644
Syniverse Holdings, Inc. 2018 1st Lien Term Loan	6.038% (3 Mo. LIBOR + 5.00%	)	3/9/2023		26,791		26,579
Verscend Holding Corp. 2021 Term Loan B	–	(f)	8/27/2025		39,920		39,874
Total							207,147
Theaters & Entertainment 0.46%
City Football Group Limited Term Loan (United Kingdom)(b)	4.598% (3 Mo. LIBOR + 3.50%	)	7/21/2028		56,355		55,017
Equinox Holdings, Inc. 2017 1st Lien Term Loan	4.006% (3 Mo. LIBOR + 3.00%	)	3/8/2024		13,857		13,158
Equinox Holdings, Inc. 2020 Term Loan B2	10.006% (3 Mo. LIBOR + 9.00%	)	3/8/2024		13,618		13,618
Vue International Bidco p.l.c. 2019 EUR Term Loan B (United Kingdom)(c)	4.75% (6 Mo. EURIBOR + 4.75%)		7/3/2026	EUR	51,659		45,298
Total							127,091
Transportation 0.02%
Echo Global Logistics, Inc. Term Loan	4.514% (1 Mo. LIBOR + 3.75%	)	11/23/2028	$	4,483		4,377
Trucking & Delivery 0.07%
Carriage Purchaser, Inc. 2021 Term Loan B	5.014% (1 Mo. LIBOR + 4.25%	)	9/30/2028		19,715		19,555
Total Floating Rate Loans (cost $3,038,545)							3,032,410

See Notes to Schedule of Investments. 47

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Investments	Interest Rate		Maturity Date	Principal Amount		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 0.76%
BFLD 2019-DPLO F†	3.094% (1 Mo. LIBOR + 2.54%	)#	10/15/2034	$	33,000	$	31,897
Great Wolf Trust 2019-WOLF B†	1.888% (1 Mo. LIBOR + 1.33%	)#	12/15/2036		15,000		14,719
Great Wolf Trust 2019-WOLF D†	2.487% (1 Mo. LIBOR + 1.93%	)#	12/15/2036		27,000		26,172
Great Wolf Trust 2019-WOLF E†	3.286% (1 Mo. LIBOR + 2.73%	)#	12/15/2036		17,000		16,351
JP Morgan Chase Commercial Mortgage Securities Trust 2021-1440 E†	4.404% (1 Mo. LIBOR + 3.85%	)#	3/15/2036		100,000		96,499
KKR Industrial Portfolio Trust 2021-KDIP D†	1.804% (1 Mo. LIBOR + 1.25%	)#	12/15/2037		7,500		7,297
KKR Industrial Portfolio Trust 2021-KDIP E†	2.104% (1 Mo. LIBOR + 1.55%	)#	12/15/2037		7,500		7,289
KKR Industrial Portfolio Trust 2021-KDIP F†	2.604% (1 Mo. LIBOR + 2.05%	)#	12/15/2037		7,500		7,255
Total Non-Agency Commercial Mortgage-Backed Securities (cost $210,853)							207,479

	Dividend Rate		Shares
PREFERRED STOCKS 0.11%
Commercial Banks
Synovus Financial Corp.(cost $31,620)	6.30% (3 Mo. LIBOR + 3.35%	)#		1,200		29,760
Total Long-Term Investments (cost $28,393,660)						27,499,382
				Principal Amount
SHORT-TERM INVESTMENTS 5.91%
Repurchase Agreements 5.91%
Repurchase Agreement dated 4/29/2022, 0.00% due 5/2/2022 with Fixed Income Clearing Corp. collateralized by $1,692,100 of U.S. Treasury Note at 2.375% due 5/15/2029; value: $1,657,011; proceeds: $1,624,492 (cost $1,624,492)			$	1,624,492		1,624,492
Total Investments in Securities 105.96% (cost $30,018,152)						29,123,874
Less Unfunded Loan Commitments (0.06%) (cost $16,422)						(16,457	)
Net Investments in Securities 105.90% (cost $30,001,730)						29,107,417
Other Assets and Liabilities – Net(i) (5.90)%						(1,622,332	)
Net Assets 100.00%					$	27,485,085

48 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

EUR	Euro.
GBP	British Pound.
CMT	Constant Maturity Rate.
EURIBOR	Euro Interbank Offered Rate.
EUSA	Euro Swap Rate.
LIBOR	London Interbank Offered Rate.
PIK	Payment-in-kind.
REIT	Real Estate Investment Trusts.
SOFR	Secured Over Night Financing Rate.

†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At April 30, 2022, the total value of Rule 144A securities was $16,134,718, which represents 58.68% of net assets.
#	Variable rate security. The interest rate represents the rate in effect at April 30, 2022.
(a)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.
(b)	Foreign security traded in U.S. dollars.
(c)	Investment in non-U.S. dollar denominated securities.
(d)	Security is perpetual in nature and has no stated maturity.
(e)	Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at April 30, 2022.
(f)	Interest rate to be determined.
(g)	Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Floating Rate Loans categorized as Level 3 are valued based on a single quotation obtained from a dealer. Accounting principles generally accepted in the United States of America do not require the Fund to create quantitative unobservable inputs that were not developed by the Fund. Therefore, the Fund does not have access to unobservable inputs and cannot disclose such inputs in the valuation.
(h)	Security partially/fully unfunded.
(i)	Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swaps as follows:

Credit Default Swaps on Indexes - Sell Protection at April 30, 2022⁽¹⁾:

Referenced Indexes*	Swap Counterparty	Fund Receives (Quarterly	)	Termination Date	Notional Amount	Payments Upfront	(2)	Unrealized Appreciation/ (Depreciation	)(3)	Credit Default Swap Agreements Payable at Fair Value	(4)
Markit CMBX.NA.A.6	Citigroup Global Markets Inc.	2.000%		5/11/2063	22,000	$(2,135)		$139		$(1,996)

*	The Referenced Index is for the Credit Default Swaps on Indexes, which is comprised of a basket of commercial mortgage-backed securities.
(1)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities.
(2)	Upfront payments received/paid are presented net of amortization.
(3)	Total unrealized appreciation on Credit Default Swaps in Indexes amounted to $139. Total unrealized depreciation on Credit Default Swaps on Indexes amounted to $0.
(4)	Includes upfront payments received.

See Notes to Schedule of Investments. 49

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

Open Forward Foreign Currency Exchange Contracts at April 30, 2022:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency		U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
British pound	Sell	State Street Bank and Trust	6/7/2022		390,000	$	520,211	$	490,399	$	29,812
British pound	Sell	State Street Bank and Trust	6/7/2022		93,000		120,876		116,941		3,935
Euro	Sell	Bank of America	6/10/2022		103,000		110,525		108,844		1,681
Euro	Sell	Credit Agricole	6/10/2022		106,000		117,836		112,014		5,822
Euro	Sell	Morgan Stanley	6/10/2022		710,000		778,643		750,282		28,361
Euro	Sell	State Street Bank and Trust	6/10/2022		92,000		99,431		97,220		2,211
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts										$	71,822

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency		U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Depreciation
British pound	Buy	Bank of America	6/7/2022		7,000	$	8,810	$	8,802	$	(8	)
Euro	Buy	Bank of America	6/10/2022		97,000		107,713		102,503		(5,210	)
Euro	Buy	Morgan Stanley	6/10/2022		91,000		99,105		96,163		(2,942	)
Euro	Buy	Toronto Dominion Bank	6/10/2022		96,000		106,121		101,447		(4,674	)
Euro	Buy	Toronto Dominion Bank	6/10/2022		197,000		215,521		208,177		(7,344	)
Euro	Sell	Morgan Stanley	6/10/2022		92,000		97,199		97,220		(21	)
Euro	Sell	State Street Bank and Trust	6/10/2022		188,000		197,867		198,666		(799	)
Unrealized Depreciation on Forward Foreign Currency Exchange Contracts										$	(20,998	)

Open Futures Contracts at April 30, 2022:

Type	Expiration	Contracts	Position	Notional Amount		Notional Value		Unrealized Depreciation
U.S. 2-Year Treasury Note	June 2022	7	Short	$(1,474,721	)	$(1,475,688	)		$	(967	)
U.S. 5-Year Treasury Note	June 2022	1	Short	(112,475	)	(112,672	)			(197	)
Total Unrealized Depreciation on Open Futures Contracts									$	(1,164	)

50 See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

SHORT DURATION HIGH YIELD FUND April 30, 2022

The following is a summary of the inputs used as of April 30, 2022 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1			Level 2			Level 3		Total
Long-Term Investments
Asset-Backed Securities	$	–		$	–		$	1,077,526	$	1,077,526
Convertible Bonds		–			253,769			–		253,769
Corporate Bonds		–			22,898,438			–		22,898,438
Floating Rate Loans
Diversified Capital Goods		–			–			19,995		19,995
Remaining Industries		–			3,012,415			–		3,012,415
Less Unfunded Commitments		–			(16,457	)		–		(16,457	)
Non-Agency Commercial
Mortgage-Backed Securities		–			207,479			–		207,479
Preferred Stocks		29,760			–			–		29,760
Short-Term Investments
Repurchase Agreements		–			1,624,492			–		1,624,492
Total	$	29,760		$	27,980,136		$	1,097,521	$	29,107,417
Other Financial Instruments
Credit Default Swap Contracts
Assets	$	–		$	–		$	–	$	–
Liabilities		–			(1,996	)		–		(1,996	)
Forward Foreign Currency Exchange Contracts
Assets		–			71,822			–		71,822
Liabilities		–			(20,998	)		–		(20,998	)
Futures Contracts
Assets		–			–			–		–
Liabilities		(1,164	)		–			–		(1,164	)
Total	$	(1,164	)	$	48,828		$	–	$	47,664

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

See Notes to Schedule of Investments. 51

Schedule of Investments (unaudited)(concluded)

SHORT DURATION HIGH YIELD FUND April 30, 2022

A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.

Investment Type	Asset- Backed Securities			Floating Rate Loans
Balance as of August 1, 2021	$	–		$	90,592
Accrued Discounts (Premiums)		31			2
Realized Gain (Loss)		–			(977	)
Change in Unrealized Appreciation (Depreciation)		(11,542	)		(131	)
Purchases		1,089,037			65,244
Sales		–			(99,639	)
Transfers into Level 3		–			–
Transfers out of Level 3		–			(35,096	)
Balance as of April 30, 2022	$	1,077,526		$	19,995
Change in unrealized appreciation/ depreciation for the period ended April 30, 2022, related to Level 3 investments held at April 30, 2022	$	(11,542	)	$	97

52 See Notes to Schedule of Investments.

Notes to Schedule of Investments (unaudited)

1. ORGANIZATION  

Lord Abbett Trust I (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified, open-end management investment company and was organized as a Delaware statutory Trust on January 30, 2020. The Trust’s predecessor corporation was organized on May 1, 2001. The Trust currently consists of the following five funds separately, a “Fund” and collectively, the “Funds”). Lord Abbett Climate Focused Bond Fund (“Climate Focused Bond Fund”) Lord Abbett Emerging Markets Equity Fund (“Emerging Markets Equity Fund) Lord Abbett International Growth Fund (“International Growth Fund”) Lord Abbett Mid Cap Innovation Growth Fund (“Mid Cap Innovation Growth Fund”) and Lord Abbett Short Duration High Yield Fund (“Short Duration High Yield Fund”). Emerging Markets Equity Fund commenced operations on March 2, 2022, International Growth Fund commenced operations on June 18, 2021 and the Innovation Growth Fund commenced operations on December 28, 2020. Climate Focused Bond Fund’s investment objective is total return. Mid Cap Innovation Growth Fund’s investment objective is to seek capital appreciation. Emerging Markets Equity Fund’s and International Growth Fund’s investment objective is to seek long-term capital appreciation. Short Duration High Yield Fund’s investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.

2. SIGNIFICANT ACCOUNTING POLICIES  

(a)

Investment Valuation–Under procedures approved by the Funds’ Board of Trustees (the “Board”), Lord, Abbett & Co. LLC (“Lord Abbett”), the Funds’ investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Funds to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. When valuing foreign equity securities that meet certain criteria, the Board has approved the use of an independent fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that correlate to the fair-valued securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Fixed income securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Floating rate loans are valued at the average of bid and ask quotations obtained from dealers in loans on the basis of prices supplied by independent pricing services. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used.

53

Notes to Schedule of Investments (unaudited)(continued)

	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values, yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and may employ techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.
	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
(b)	Fair Value Measurements–Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

•	Level 1 –	unadjusted quoted prices in active markets for identical investments;
•	Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and
•	Level 3 –	significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

A summary of inputs used in valuing each Fund’s investments and other financial instruments as of April 30, 2022 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments.

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

54

Notes to Schedule of Investments (unaudited)(concluded)

3. FEDERAL TAX INFORMATION  

It is the policy of each Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on each Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax returns. The statutes of limitations on each Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.

4. SECURITIES LENDING AGREEMENT  

The Funds have established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Funds’ securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.

The initial collateral received by the Funds is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.

As of April 30, 2022 the funds did not loan any securities.

55

QPHR-TRI-3Q

(06/22)