RiverNorth/DoubleLine Strategic Income Fd Cl R (RNDLX) NPORT-P RiverNorth Core Opportunity Fund (Dec 2019 report)

RiverNorth Core Opportunity Fund
SCHEDULE OF INVESTMENTS
December 31, 2019 (Unaudited)
Shares/Description			Value
CLOSED-END FUNDS - 67.65%
	378,618	Aberdeen Emerging Markets Equity Income Fund, Inc.	$	2,885,069
	890,925	Aberdeen Total Dynamic Dividend Fund		7,973,779
	608,039	AllianzGI NFJ Dividend Interest & Premium Strategy Fund		7,904,507
	77,607	BlackRock Credit Allocation Income Trust		1,084,946
	40,042	BlackRock Floating Rate Income Strategies Fund, Inc.		538,164
	105,710	BlackRock Floating Rate Income Trust		1,360,488
	231,171	BlackRock Global Opportunities Equity Trust		2,540,569
	208,165	Blackrock International Growth		1,226,092
	162,691	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		2,054,787
	2,430	Brookfield Global Listed Infrastructure Income Fund, Inc.		33,899
	345,430	Clough Global Opportunities Fund		3,260,859
	20,657	Cohen & Steers Infrastructure Fund, Inc.		541,213
	63,386	Cornerstone Strategic Value Fund, Inc.		710,557
	17,750	Cornerstone Total Return Fund, Inc.		195,073
	27,061	Eagle Growth & Income Opportunities Fund		460,849
	147,575	Eaton Vance Limited Duration Income Fund		1,955,369
	84,837	Gabelli Dividend & Income Trust		1,862,172
	41,276	Highland Global Allocation Fund/CEF		385,518
	132,894	Highland Income Fund		1,651,872
	95,015	Invesco Dynamic Credit Opportunities Fund		1,078,420
	54,969	Invesco Municipal Opportunity Trust		679,417
	173,849	Kayne Anderson MLP/Midstream Investment Co.		2,421,717
	14,352	Neuberger Berman High Yield Strategies Fund, Inc.		177,247
	90,715	NexPoint Credit Strategies Fund		1,606,563
	355,394	Nuveen Credit Strategies Income Fund		2,725,872
	38,527	Nuveen Intermediate Duration Quality Municipal Term Fund		534,755
	67,645	Nuveen Quality Municipal Income Fund		987,617
	60,315	PGIM Global High Yield Fund, Inc.		905,931
	193,320	PIMCO Energy & Tactical Credit Opportunities Fund		3,189,780
	17,991	Putnam Municipal Opportunities Trust		236,582
	67,808	Royce Micro-Cap Trust, Inc.		579,080
	169,543	Royce Value Trust, Inc.		2,504,150
	45,418	Source Capital, Inc.		1,757,222
	587,935	Sprott Focus Trust, Inc.		4,327,202
	423,610	Templeton Global Income Fund		2,596,729
	19,399	Tortoise Essential Assets Income Term Fund		317,950
	21,359	Tortoise MLP Fund, Inc.		234,095
	100,290	Voya Emerging Markets High Income Dividend Equity Fund		801,317
	90,184	Voya Global Equity Dividend and Premium Opportunity Fund		558,239
	75,531	Western Asset Emerging Markets Debt Fund, Inc.		1,077,827
	136,190	Western Asset Global High Income Fund, Inc.		1,364,624
	426,331	Western Asset High Income Opportunity Fund, Inc.		2,161,498
TOTAL CLOSED-END FUNDS
(Cost $67,231,073)				71,449,616
BUSINESS DEVELOPMENT COMPANIES - 1.54%
	157,820	Barings BDC, Inc.		1,622,390
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $1,538,934)				1,622,390

Shares/Description			Value
COMMON STOCKS - 4.52%
	13,110	Agba Acquisition, Ltd.(a)	$	134,924
	6,581	Amplitude Healthcare Acquisition Corp.(a)		66,205
	35,274	Big Rock Partners Acquisition Corp.(a)		373,904
	1,922	Brooge Holdings, Ltd.(a)		16,971
	29,944	Churchill Capital Corp. II(a)		322,757
	2,646	CIIG Merger Corp.(a)		26,883
	9,711	Far Point Acquisition Corp., Class A(a)		100,023
	75,837	Gordon Pointe Acquisition Corp.(a)		803,114
	9,077	Greenvision Acquisition Corp.(a)		91,587
	1,323	Healthcare Merger Corp.(a)		13,693
	5,163	Landcadia Holdings II, Inc.(a)		52,250
	41,844	Leisure Acquisition Corp.(a)		436,015
	12,752	LF Capital Acquisition Corp., Class A(a)		131,601
	10,614	LIV Capital Acquisition Corp.(a)		106,792
	10,753	Merida Merger Corp. I(a)		104,734
	82,651	Opes Acquisition Corp.(a)		869,489
	32,603	Pure Acquisition Corp.(a)		338,093
	19,571	South Mountain Merger Corp.(a)		201,386
	37,631	Tiberius Acquisition Corp.(a)		393,244
	18,162	VectoIQ Acquisition Corp.(a)		187,430
TOTAL COMMON STOCKS
(Cost $4,394,824)				4,771,095
EXCHANGE TRADED FUNDS - 17.69%
	178,753	Invesco FTSE RAFI Emerging Markets Portfolio		3,986,192
	42,200	Invesco FTSE RAFI US 1000 Portfolio		5,347,162
	16,000	SPDR® S&P 500® ETF Trust		5,149,760
	33,904	Vanguard® FTSE Developed Markets ETF		1,493,810
	60,746	Vanguard® FTSE Emerging Markets ETF		2,701,375
TOTAL EXCHANGE TRADED FUNDS
(Cost $14,478,940)				18,678,299
PREFERRED STOCKS - 1.03%
	42,535	PennantPark Investment Corp., 5.500%, 10/15/2024		1,091,873
TOTAL PREFERRED STOCKS
(Cost $1,062,582)				1,091,873

Shares/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 0.58%
United States - 0.58%
	24,155	TriplePoint Venture Growth BDC Corp.	5.75%	07/15/2022		613,646
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $603,875)						613,646

Shares/Description			Value
RIGHTS - 0.02%(a)
	35,274	Big Rock Partners Acquisition Corp., Strike Price 0.01, Expires 12/31/2049		8,818
	56,421	Pensare Acquisition Corp., Strike Price 11.50, Expires 08/08/2022		16,362
TOTAL RIGHTS
(Cost $35,880)				25,180

Shares/Description			Value
WARRANTS - 0.21%(a)
	17,637	Big Rock Partners Acquisition Corp., Strike Price 11.50, Expires 12/01/2022	$	2,734
	18,195	Brooge Holdings, Ltd., Strike Price 11.50, Expires 07/14/2023		13,463
	3,237	Far Point Acquisition Corp., Strike Price 11.50, Expires 06/03/2025		4,176
	75,837	Gordon Pointe Acquisition Corp., Strike Price 11.50, Expires 07/30/2024		27,301
	14,758	Immunovant, Inc., Strike Price 11.50, Expires 04/01/2024		29,516
	26,164	Legacy Acquisition Corp., Strike Price 11.50, Expires 12/01/2022		14,066
	20,922	Leisure Acquisition Corp., Strike Price 11.50, Expires 12/28/2022		21,602
	12,752	LF Capital Acquisition Corp., Strike Price 11.50, Expires 06/28/2023		5,483
	5,376	Merida Merger Corp. I, Strike Price 11.50, Expires 11/07/2026		2,680
	82,651	Opes Acquisition Corp., Strike Price 11.50, Expires 01/16/2023		14,877
	28,195	Pensare Acquisition Corp., Strike Price 11.50, Expires 08/08/2022		9,304
	16,301	Pure Acquisition Corp., Strike Price 11.50, Expires 04/17/2023		16,073
	37,631	Tiberius Acquisition Corp., Strike Price 11.50, Expires 04/10/2023		42,899
	19,178	Trident Acquisitions Corp., Strike Price 11.50, Expires 06/14/2021		1,918
	18,162	VectoIQ Acquisition Corp., Strike Price 11.50, Expires 06/12/2023		10,716
TOTAL WARRANTS
(Cost $215,915)				216,808
SHORT-TERM INVESTMENTS - 7.28%
Money Market Fund - 7.28%
	7,693,019	State Street Institutional Trust (7 Day Yield 1.54%)		7,693,019
TOTAL SHORT-TERM INVESTMENTS
(Cost $7,693,019)				7,693,019
TOTAL INVESTMENTS-100.52%
(Cost $97,255,042)				106,161,926
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.52)%				(545,991	)
NET ASSETS - 100.00%			$	105,615,935

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments.

RiverNorth/DoubleLine Strategic Income Fund
SCHEDULE OF INVESTMENTS
December 31, 2019 (Unaudited)
Shares/Description			Value
CLOSED-END FUNDS - 23.60%
	483,297	Advent Convertible and Income	$	7,515,268
	665,306	AllianceBernstein Global High Income Fund, Inc.		8,070,162
	135,549	AllianceBernstein National Municipal Income Fund, Inc.		1,894,975
	534,193	Ares Dynamic Credit Allocation Fund, Inc.		8,199,862
	2,581,302	BlackRock Credit Allocation Income Trust		36,086,602
	1,459,258	BlackRock Debt Strategies Fund, Inc.		16,343,690
	105,909	BlackRock Floating Rate Income Trust		1,363,049
	319,462	BlackRock Multi-Sector Income Trust		5,162,506
	86,189	BlackRock MuniHoldings California Quality Fund, Inc.		1,205,784
	181,484	BlackRock MuniYield California Quality Fund, Inc.		2,578,888
	19,367	BlackRock MuniYield New York Quality Fund, Inc.		253,514
	215,595	BlackRock MuniYield Quality Fund III, Inc.		2,910,532
	822,034	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		10,382,289
	735,248	Eaton Vance Floating-Rate Income Trust		10,087,603
	2,735,743	Eaton Vance Limited Duration Income Fund		36,248,595
	641,239	Eaton Vance Senior Floating-Rate Trust		8,688,788
	1,041,304	Eaton Vance Senior Income Trust		6,674,759
	652,809	First Trust High Income Long/Short Fund		10,281,742
	835,317	Highland Income Fund		10,382,990
	1,365,178	Invesco Dynamic Credit Opportunities Fund		15,494,770
	1,765,145	Invesco Senior Income Trust		7,572,472
	234,044	Morgan Stanley Emerging Markets Debt Fund, Inc.		2,265,546
	91,639	Neuberger Berman High Yield Strategies Fund, Inc.		1,131,742
	1,595,294	Nuveen AMT-Free Quality Municipal Income Fund		22,940,328
	1,790,170	Nuveen Credit Strategies Income Fund		13,730,604
	344,762	Nuveen Floating Rate Income Opportunity Fund		3,444,172
	588,778	Nuveen Global High Income Fund		9,644,184
	2,390,400	Nuveen Quality Municipal Income Fund		34,899,840
	922,310	PGIM Global High Yield Fund, Inc.		13,853,096
	680,214	PGIM High Yield Bond Fund, Inc.		10,475,296
	394,464	Putnam Municipal Opportunities Trust		5,187,202
	3,387,061	Templeton Global Income Fund		20,762,684
	2,865,792	Voya Prime Rate Trust		14,357,618
	2,457,294	Western Asset Emerging Markets Debt Fund, Inc.		35,065,585
	1,677,258	Western Asset Global High Income Fund, Inc.		16,806,125
	7,721,929	Western Asset High Income Opportunity Fund, Inc.		39,150,180
	3,156,612	Western Asset Inflation-Linked Opportunities & Income Fund		36,427,302
TOTAL CLOSED-END FUNDS
(Cost $470,326,268)				487,540,344
BUSINESS DEVELOPMENT COMPANIES - 0.22%
	450,876	Barings BDC, Inc.		4,635,005
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $4,517,237)				4,635,005
COMMON STOCKS - 0.00%(a)
	12,164	Frontera Energy Corp.		91,595

Shares/Description			Value
	1,662	McDermott International, Inc.(b)	$	1,125
TOTAL COMMON STOCKS
(Cost $1,089,240)				92,720
OPEN-END FUNDS - 1.49%
	3,215,543	RiverNorth/Oaktree High Income Fund, Class I(c)		30,774,681
TOTAL OPEN-END FUNDS
(Cost $31,378,242)				30,774,681
PREFERRED STOCKS - 1.81%
	333,994	Allianzgi Convertible & Income Fund, Series A, 5.625%(d)		8,794,062
	150,000	GDL Fund, Series C, 4.000%, 03/26/2025(e)		7,681,500
	315,636	Hercules Capital, Inc., 5.250%, 04/30/2025		8,145,618
	176,329	Kayne Anderson MLP/Midstream Investment Co., Series F, 3.500%, 04/15/2020		4,427,621
	156,840	New Mountain Finance Corp., 5.750%, 10/01/2023		4,137,189
	165,169	PennantPark Investment Corp., 5.500%, 10/15/2024(b)		4,239,888
TOTAL PREFERRED STOCKS
(Cost $36,031,143)				37,425,878

Shares/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 0.95%
United States - 0.95%
	34,855	MVC Capital, Inc.	6.25%	11/30/2022		877,649
	195,082	Portman Ridge Finance Corp.	6.13%	09/30/2022		4,918,993
	115,013	THL Credit, Inc.	6.75%	12/30/2022		2,909,829
	189,913	THL Credit, Inc.	6.13%	10/30/2023		4,983,317
	237,249	TriplePoint Venture Growth BDC Corp.	5.75%	07/15/2022		6,027,192
						19,716,980
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $19,249,774)						19,716,980

Principal Amount/Description			Rate	Maturity	Value
FOREIGN CORPORATE BONDS - 4.76%
Argentina - 0.17%
$	750,000	Banco Macro SA(e)(f)	6.75%	11/04/2026		609,636
	650,000	Cia General de Combustibles SA(f)	9.50%	11/07/2021		544,635
	150,000	Pampa Energia SA(g)	9.13%	04/15/2029		129,802
	500,000	Pampa Energia SA(f)	7.50%	01/24/2027		427,765
	150,000	Pampa Energia SA(f)	9.13%	04/15/2029		129,802
	885,583	Stoneway Capital Corp.(f)	10.00%	03/01/2027		562,984
	300,000	Telecom Argentina SA(g)	8.00%	07/18/2026		288,940
	100,000	YPF SA(g)	8.50%	06/27/2029		91,285
	700,000	YPF SA(f)	8.50%	07/28/2025		660,047
	200,000	YPF SA(f)	6.95%	07/21/2027		178,570
						3,623,466
Australia - 0.21%
	1,000,000	APT Pipelines, Ltd.(g)	4.25%	07/15/2027		1,074,800
	650,000	Commonwealth Bank of Australia(g)	4.32%	01/10/2048		703,645
	110,000	Macquarie Group, Ltd.(e)(g)	3M US L + 1.02%	11/28/2023		112,594
	705,000	Macquarie Group, Ltd.(e)(g)	3M US L + 1.33%	03/27/2024		740,832
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)	3.38%	04/30/2025		516,874

Principal Amount/Description			Rate	Maturity	Value
$	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)	3.63%	04/28/2026	$	523,957
	710,000	Westpac Banking Corp.(e)	3M US L + 0.72%	05/15/2023		715,180
						4,387,882
Austria - 0.07%
	200,000	JBS Investments II GmbH(g)	7.00%	01/15/2026		217,930
	500,000	JBS Investments II GmbH(g)	5.75%	01/15/2028		528,175
	600,000	Klabin Austria GmbH(f)	7.00%	04/03/2049		657,300
						1,403,405
Brazil - 0.14%
	1,450,000	Banco do Brasil SA(d)(e)(f)	6.25%	Perpetual Maturity		1,473,940
	1,050,000	CSN Islands XII Corp.(d)(f)	7.00%	Perpetual Maturity		968,305
	300,000	CSN Resources SA(g)	7.63%	04/17/2026		320,053
	200,000	Nexa Resources SA(f)	5.38%	05/04/2027		214,372
						2,976,670
British Virgin Islands - 0.09%
	300,000	C10 Capital SPV, Ltd.(d)(e)(f)	3M US L + 4.71%	Perpetual Maturity		297,000
	100,000	C5 Capital SPV, Ltd.(d)(e)(f)	3M US L + 4.28%	Perpetual Maturity		98,000
	800,000	Radiant Access, Ltd.(d)	4.60%	Perpetual Maturity		799,445
	600,000	Sinopec Capital 2013, Ltd.(f)	3.13%	04/24/2023		611,255
						1,805,700
Canada - 0.33%
	205,000	1011778 BC ULC / New Red Finance, Inc.(g)	5.00%	10/15/2025		212,090
	525,000	Bank of Montreal(e)	3.80%	12/15/2032		548,021
	490,000	Bank of Nova Scotia	3.40%	02/11/2024		513,360
	140,000	Bombardier, Inc.(g)	6.00%	10/15/2022		140,308
	1,500,000	Canacol Energy, Ltd.(f)	7.25%	05/03/2025		1,585,388
	310,000	Cenovus Energy, Inc.	5.40%	06/15/2047		361,742
	165,000	Garda World Security Corp.(g)	8.75%	05/15/2025		172,011
	185,000	GFL Environmental, Inc.(g)	5.13%	12/15/2026		194,968
	120,000	GFL Environmental, Inc.(g)	8.50%	05/01/2027		132,222
	600,000	Gran Tierra Energy, Inc.(g)	7.75%	05/23/2027		562,714
	105,000	Kronos Acquisition Holdings, Inc.(g)	9.00%	08/15/2023		100,581
	85,000	MEG Energy Corp.(g)	7.00%	03/31/2024		85,708
	740,000	Nutrien, Ltd.	4.20%	04/01/2029		815,675
	145,000	Parkland Fuel Corp.(g)	5.88%	07/15/2027		155,418
	55,000	Telesat Canada / Telesat LLC(g)	6.50%	10/15/2027		57,439
	280,000	Tervita Corp.(g)	7.63%	12/01/2021		282,380
	750,000	TransCanada PipeLines, Ltd.	4.25%	05/15/2028		832,732
						6,752,757
Cayman Islands - 0.43%
	200,000	Banco Bradesco SA(f)	5.75%	03/01/2022		211,264
	910,000	Banco BTG Pactual SA(e)(g)	7.75%	02/15/2029		965,155
	600,000	Banco BTG Pactual SA(e)(f)	7.75%	02/15/2029		636,366
	200,000	Banco Mercantil del Norte SA/Grand Cayman(d)(e)(g)	7.50%	Perpetual Maturity		213,752
	1,650,000	Banco Mercantil del Norte SA/Grand Cayman(d)(e)(f)	7.63%	Perpetual Maturity		1,766,383
	200,000	Banco Safra SA(f)	4.13%	02/08/2023		205,585
	1,000,000	CK Hutchison Capital Securities 17, Ltd.(d)(e)(f)	4.00%	Perpetual Maturity		1,009,494

Principal Amount/Description			Rate	Maturity	Value
$	200,000	Comunicaciones Celulares SA Via Comcel Trust(f)	6.88%	02/06/2024	$	205,419
	200,000	Global Aircraft Leasing Co., Ltd.(g)(h)	6.50% (7.25%)	09/15/2024		209,190
	624,000	Gran Tierra Energy International Holdings, Ltd.(f)	6.25%	02/15/2025		563,628
	200,000	Grupo Aval, Ltd.(f)	4.75%	09/26/2022		209,064
	879,868	Interoceanica IV Finance, Ltd.(f)(i)	0.00%	11/30/2025		809,479
	200,000	Latam Finance, Ltd.(g)	7.00%	03/01/2026		216,869
	200,000	Latam Finance, Ltd.(f)	6.88%	04/11/2024		211,719
	900,000	Latam Finance, Ltd.(f)	7.00%	03/01/2026		975,911
	166,828	Lima Metro Line 2 Finance, Ltd.(g)	5.88%	07/05/2034		193,580
	71,200	Transocean Guardian, Ltd.(g)	5.88%	01/15/2024		72,979
	210,000	Transocean Poseidon, Ltd.(g)	6.88%	02/01/2027		223,088
						8,898,925
Chile - 0.44%
	600,000	AES Gener SA(e)(g)	7.13%	03/26/2079		630,775
	600,000	AES Gener SA(e)(g)	6.35%	10/07/2079		615,900
	200,000	AES Gener SA(e)(f)	7.13%	03/26/2079		210,258
	300,000	AES Gener SA(e)(f)	6.35%	10/07/2079		307,950
	200,000	Colbun SA(f)	3.95%	10/11/2027		208,627
	900,000	Empresa de Transporte de Pasajeros Metro SA(g)	5.00%	01/25/2047		1,024,600
	330,400	Empresa Electrica Angamos SA(f)	4.88%	05/25/2029		340,962
	700,000	Empresa Electrica Guacolda SA(f)	4.56%	04/30/2025		637,922
	300,000	Empresa Nacional de Telecomunicaciones SA(f)	4.88%	10/30/2024		318,851
	200,000	Engie Energia Chile SA(f)	4.50%	01/29/2025		212,454
	1,400,000	Geopark, Ltd.(f)	6.50%	09/21/2024		1,463,595
	650,000	GNL Quintero SA(f)	4.63%	07/31/2029		691,670
	200,000	Inversiones CMPC SA(f)	4.75%	09/15/2024		212,468
	200,000	Sociedad Quimica y Minera de Chile SA(f)	4.38%	01/28/2025		210,383
	750,000	Transelec SA(f)	3.88%	01/12/2029		769,956
	200,000	VTR Finance BV(g)	6.88%	01/15/2024		204,917
	1,000,000	VTR Finance BV(f)	6.88%	01/15/2024		1,024,585
						9,085,873
China - 0.01%
	200,000	Agile Group Holdings, Ltd.(d)(e)	6.88%	Perpetual Maturity		200,070
Colombia - 0.14%
	300,000	Banco Bilbao Vizcaya Argentaria Colombia SA(f)	4.88%	04/21/2025		321,503
	200,000	Banco de Bogota SA(f)	5.38%	02/19/2023		211,917
	600,000	Bancolombia SA(e)	4.63%	12/18/2029		609,750
	100,000	Ecopetrol SA	5.88%	09/18/2023		110,938
	200,000	Fideicomiso PA Pacifico Tres(f)	8.25%	01/15/2035		231,250
	150,000	Gilex Holding Sarl(g)	8.50%	05/02/2023		161,502
	750,000	Gilex Holding Sarl(f)	8.50%	05/02/2023		807,506
	200,000	SURA Asset Management SA(f)	4.88%	04/17/2024		215,585
	200,000	Tecnoglass, Inc.(f)	8.20%	01/31/2022		216,962
						2,886,913
Dominican Republic - 0.05%
	600,000	Aeropuertos Dominicanos Siglo XXI SA(f)	6.75%	03/30/2029		664,714

Principal Amount/Description			Rate	Maturity	Value
$	300,000	Banco de Reservas de la Republica Dominicana(g)	7.00%	02/01/2023	$	316,503
						981,217
France - 0.04%
	725,000	BNP Paribas SA(g)	3.38%	01/09/2025		752,793
Great Britain - 0.35%
	710,000	Anglo American Capital PLC(g)	4.50%	03/15/2028		760,684
	500,000	AstraZeneca PLC	6.45%	09/15/2037		706,700
	790,000	Barclays PLC(e)	3M US L + 1.38%	05/16/2024		799,430
	760,000	Credit Agricole SA/London(g)	3.75%	04/24/2023		795,007
	1,230,000	HSBC Holdings PLC(e)	3M US L + 1.38%	09/12/2026		1,246,395
	350,000	Imperial Brands Finance PLC(g)	3.50%	07/26/2026		352,174
	730,000	Lloyds Banking Group PLC(e)	3M US L + 1.21%	11/07/2028		762,317
	200,000	MARB BondCo PLC(f)	7.00%	03/15/2024		208,917
	500,000	MARB BondCo PLC(f)	6.88%	01/19/2025		531,857
	455,000	Royal Bank of Scotland Group PLC(e)	3M US L + 1.48%	05/15/2023		466,114
	450,000	Vedanta Resources Finance II PLC(g)	9.25%	04/23/2026		447,676
	200,000	Vedanta Resources Finance II PLC(f)	9.25%	04/23/2026		198,967
						7,276,238
Guatemala - 0.04%
	200,000	Energuate Trust(g)	5.88%	05/03/2027		207,069
	600,000	Energuate Trust(f)	5.88%	05/03/2027		621,209
						828,278
Hong Kong - 0.04%
	600,000	CNOOC Finance 2013, Ltd.	3.00%	05/09/2023		610,623
	200,000	RKP Overseas Finance, Ltd.(d)	7.95%	Perpetual Maturity		192,547
						803,170
India - 0.11%
	400,000	Adani Ports & Special Economic Zone, Ltd.(f)	3.95%	01/19/2022		409,944
	200,000	Indian Oil Corp., Ltd.	5.75%	08/01/2023		217,543
	950,000	Network i2i, Ltd.(d)(e)(g)	5.65%	Perpetual Maturity		940,025
	800,000	Vedanta Resources, Ltd.(f)	6.13%	08/09/2024		730,491
						2,298,003
Indonesia - 0.17%
	1,000,000	Pertamina Persero PT(f)	4.88%	05/03/2022		1,055,384
	1,000,000	Perusahaan Listrik Negara PT(f)	5.50%	11/22/2021		1,060,400
	1,334,000	Star Energy Geothermal Wayang Windu, Ltd.(f)	6.75%	04/24/2033		1,414,657
						3,530,441
Ireland - 0.19%
	760,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust	3.50%	01/15/2025		783,362
	205,000	Avolon Holdings Funding, Ltd.(g)	5.25%	05/15/2024		224,371
	490,000	Avolon Holdings Funding, Ltd.(g)	3.95%	07/01/2024		511,242
	200,000	C&W Senior Financing DAC(g)	7.50%	10/15/2026		217,036
	1,400,000	C&W Senior Financing DAC(f)	6.88%	09/15/2027		1,500,314
	715,000	Shire Acquisitions Investments Ireland DAC	2.88%	09/23/2023		728,528
						3,964,853
Isle Of Man - 0.04%
	800,000	Gohl Capital, Ltd.	4.25%	01/24/2027		840,147

Principal Amount/Description			Rate	Maturity	Value
Israel - 0.07%
$	100,000	Delek & Avner Tamar Bond, Ltd.(g)	5.08%	12/30/2023	$	104,337
	100,000	Delek & Avner Tamar Bond, Ltd.(g)	5.41%	12/30/2025		105,487
	1,100,000	Israel Electric Corp., Ltd.(g)	5.00%	11/12/2024		1,211,886
						1,421,710
Jamaica - 0.00%(a)
	608,591	Digicel Group Two, Ltd.(g)(h)	7.13% (2.00%)	04/01/2024		94,645
Japan - 0.09%
	805,000	Mitsubishi UFJ Financial Group, Inc.(e)	3M US L + 0.74%	03/02/2023		807,542
	1,100,000	Sumitomo Mitsui Financial Group, Inc.(e)	3M US L + 0.74%	01/17/2023		1,105,779
						1,913,321
Luxembourg - 0.19%
	1,200,000	JSL Europe SA(f)	7.75%	07/26/2024		1,296,714
	200,000	Millicom International Cellular SA(g)	6.63%	10/15/2026		221,830
	450,000	Millicom International Cellular SA(g)	6.25%	03/25/2029		497,178
	550,000	Millicom International Cellular SA(f)	6.25%	03/25/2029		607,662
	200,000	Minerva Luxembourg SA(f)	6.50%	09/20/2026		213,321
	1,050,000	Minerva Luxembourg SA(f)	5.88%	01/19/2028		1,104,453
						3,941,158
Malaysia - 0.04%
	200,000	CIMB Bank Bhd(e)	3M US L + 0.78%	10/09/2024		200,557
	600,000	Malayan Banking Bhd(e)	3.91%	10/29/2026		610,626
						811,183
Mauritius - 0.02%
	400,000	UPL Corp., Ltd.(f)	3.25%	10/13/2021		401,742
Mexico - 0.44%
	200,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(e)(g)	5.95%	10/01/2028		214,821
	500,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(d)(e)	8.50%	Perpetual Maturity		530,468
	1,450,000	BBVA Bancomer SA(e)(f)	5.13%	01/18/2033		1,466,363
	650,000	Braskem Idesa SAPI(g)	7.45%	11/15/2029		693,719
	200,000	Cemex SAB de CV(f)	7.75%	04/16/2026		217,870
	1,453,500	Cometa Energia SA de CV(f)	6.38%	04/24/2035		1,585,674
	1,200,000	Credito Real SAB de CV SOFOM ER(d)(e)(f)	9.13%	Perpetual Maturity		1,265,634
	800,000	Docuformas SAPI de CV(g)	10.25%	07/24/2024		813,340
	306,136	Fermaca Enterprises S RL	6.38%	03/30/2038		333,978
	600,000	Financiera Independencia SAB de CV SOFOM ENR(f)	8.00%	07/19/2024		561,255
	200,000	Grupo Bimbo SAB de CV(d)(e)(f)	5.95%	Perpetual Maturity		212,520
	1,400,000	Unifin Financiera SAB de CV(d)(e)(f)	8.88%	Perpetual Maturity		1,290,702
						9,186,344
Netherlands - 0.22%
	400,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(g)	7.95%	05/11/2026		425,643

Principal Amount/Description			Rate	Maturity	Value
$	345,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(f)	7.95%	05/11/2026	$	367,117
	200,000	Metinvest BV(f)	7.75%	10/17/2029		205,201
	600,000	Minejesa Capital BV(f)	4.63%	08/10/2030		622,464
	335,000	NXP BV / NXP Funding LLC / NXP USA, Inc.(g)	3.88%	06/18/2026		355,475
	600,000	Petrobras Global Finance BV	5.75%	02/01/2029		677,850
	950,000	Petrobras Global Finance BV	6.90%	03/19/2049		1,116,036
	200,000	Syngenta Finance NV	4.38%	03/28/2042		177,956
	600,000	Syngenta Finance NV(f)	5.68%	04/24/2048		624,913
						4,572,655
New Zealand - 0.03%
	645,000	Bank of New Zealand(g)	3.50%	02/20/2024		674,177
Panama - 0.07%
	200,000	Aeropuerto Internacional de Tocumen SA(f)	5.63%	05/18/2036		236,252
	200,000	Cable Onda SA(g)	4.50%	01/30/2030		210,970
	400,000	Empresa de Transmision Electrica SA(g)	5.13%	05/02/2049		456,378
	300,000	Global Bank Corp.(e)(g)	3M US L + 3.30%	04/16/2029		322,875
	200,000	Global Bank Corp.(f)	4.50%	10/20/2021		206,482
						1,432,957
Paraguay - 0.02%
	400,000	Telefonica Celular del Paraguay SA(g)	5.88%	04/15/2027		428,639
Peru - 0.08%
	100,000	Banco BBVA Peru SA(f)	5.00%	08/26/2022		106,282
	500,000	Banco Internacional del Peru SAA Interbank(f)	3.38%	01/18/2023		505,833
	400,000	Inkia Energy, Ltd.(f)	5.88%	11/09/2027		417,744
	200,000	Nexa Resources Peru SAA(f)	4.63%	03/28/2023		207,835
	200,000	Orazul Energy Egenor SCA(f)	5.63%	04/28/2027		206,320
	130,000	Scotiabank Peru SAA(e)(f)	3M US L + 3.856%	12/13/2027		134,596
						1,578,610
Philippines - 0.05%
	600,000	BDO Unibank, Inc.	2.95%	03/06/2023		606,076
	400,000	Union Bank of the Philippines	3.37%	11/29/2022		409,826
						1,015,902
Singapore - 0.21%
	715,000	BOC Aviation, Ltd.(e)(g)	3M US L + 1.13%	09/26/2023		719,672
	1,200,000	DBS Group Holdings, Ltd.(d)(e)	3.60%	Perpetual Maturity		1,211,304
	197,640	LLPL Capital Pte, Ltd.(g)	6.88%	02/04/2039		230,475
	600,000	Medco Oak Tree Pte, Ltd.(f)	7.38%	05/14/2026		612,353
	400,000	ONGC Videsh Vankorneft Pte, Ltd.	3.75%	07/27/2026		410,319
	400,000	Oversea-Chinese Banking Corp., Ltd.(f)	4.25%	06/19/2024		425,838
	750,000	United Overseas Bank, Ltd.(d)(e)	3.88%	Perpetual Maturity		764,855
						4,374,816
South Korea - 0.03%
	550,000	Korea Expressway Corp.(e)(g)	3M US L + 0.70%	04/20/2020		550,465

Principal Amount/Description			Rate	Maturity	Value
Spain - 0.10%
$	800,000	AI Candelaria Spain SLU(g)	7.50%	12/15/2028	$	899,278
	250,000	AI Candelaria Spain SLU(f)	7.50%	12/15/2028		281,025
	800,000	Banco Santander SA(e)	3M US L + 1.09%	02/23/2023		805,543
						1,985,846
Switzerland - 0.04%
	750,000	Credit Suisse Group AG(e)(g)	3M US L + 1.24%	06/12/2024		759,363
TOTAL FOREIGN CORPORATE BONDS
(Cost $94,695,453)						98,440,334
U.S. CORPORATE BONDS - 4.70%
Advertising - 0.04%
	645,000	Interpublic Group of Cos., Inc.	5.40%	10/01/2048		790,488
Aerospace/Defense - 0.06%
	590,000	Lockheed Martin Corp.	4.70%	05/15/2046		752,146
	220,000	TransDigm, Inc.(g)	6.25%	03/15/2026		238,586
	75,000	TransDigm, Inc.	6.38%	06/15/2026		79,684
	135,000	TransDigm, Inc.(g)	5.50%	11/15/2027		136,766
						1,207,182
Agriculture - 0.09%
	645,000	Altria Group, Inc.	4.80%	02/14/2029		718,601
	1,120,000	BAT Capital Corp.	3.46%	09/06/2029		1,133,709
						1,852,310
Airlines - 0.04%
	740,000	Delta Air Lines, Inc.	3.80%	04/19/2023		767,962
Auto Manufacturers - 0.11%
	150,000	Ford Motor Co.	7.45%	07/16/2031		178,076
	185,000	General Motors Co.(e)	3M US L + 0.80%	08/07/2020		185,290
	865,000	General Motors Financial Co., Inc.(e)	3M US L + 0.99%	01/05/2023		860,359
	955,000	Volkswagen Group of America Finance LLC(g)	4.25%	11/13/2023		1,017,609
						2,241,334
Auto Parts & Equipment - 0.01%
	160,000	Panther BF Aggregator 2 LP / Panther Finance Co., Inc.(g)	6.25%	05/15/2026		172,700
Banks - 0.22%
	655,000	Bank of America Corp.(e)	3M US L + 1.21%	02/07/2030		720,096
	300,000	BBVA Bancomer SA(e)(f)	5.40%	11/12/2029		303,857
	1,080,000	Citigroup, Inc.(e)	3M US L + 1.10%	05/17/2024		1,094,869
	890,000	Goldman Sachs Group, Inc.(e)	3M US L + 1.17%	05/15/2026		899,875
	750,000	Morgan Stanley(e)	3M US L + 1.34%	07/22/2028		797,151
	320,000	Wells Fargo & Co.(e)	3M US L + 1.17%	06/17/2027		331,983
	345,000	Wells Fargo & Co.(e)	3M US L + 1.17%	10/30/2030		347,315
						4,495,146
Beverages - 0.06%
	140,000	Anheuser-Busch InBev Worldwide, Inc.	4.90%	02/01/2046		165,825
	550,000	Anheuser-Busch InBev Worldwide, Inc.	4.60%	04/15/2048		626,783
	175,000	Constellation Brands, Inc.	3.15%	08/01/2029		177,111
	210,000	Cott Holdings, Inc.(g)	5.50%	04/01/2025		219,888
						1,189,607
Building Materials - 0.03%
	183,000	Builders FirstSource, Inc.(g)	5.63%	09/01/2024		190,701

Principal Amount/Description			Rate	Maturity	Value
$	375,000	Owens Corning	4.40%	01/30/2048	$	362,989
						553,690
Chemicals - 0.04%
	660,000	DuPont de Nemours, Inc.	5.42%	11/15/2048		815,895
Coal - 0.02%
	180,000	Peabody Energy Corp.(g)	6.00%	03/31/2022		175,950
	180,000	SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp.(g)	7.50%	06/15/2025		173,549
						349,499
Commercial Services - 0.06%
	195,000	MPH Acquisition Holdings LLC(g)	7.13%	06/01/2024		189,148
	270,000	Refinitiv US Holdings, Inc.(g)	6.25%	05/15/2026		295,137
	165,000	United Rentals North America, Inc.	6.50%	12/15/2026		181,651
	160,000	United Rentals North America, Inc.	5.25%	01/15/2030		172,504
	307,000	Verscend Escrow Corp.(g)	9.75%	08/15/2026		336,556
						1,174,996
Containers and Packaging - 0.02%
	355,000	Packaging Corp. of America	3.40%	12/15/2027		371,563
Distribution/Wholesale - 0.01%
	160,000	Performance Food Group, Inc.(g)	5.50%	10/15/2027		171,404
Diversified Financial Services - 0.27%
	813,000	Air Lease Corp.	3.75%	02/01/2022		837,164
	180,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)	6.63%	07/15/2026		193,783
	100,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)	9.75%	07/15/2027		107,059
	760,000	American Express Co.	2.50%	08/01/2022		768,948
	220,000	Capital One Financial Corp.(e)	3M US L + 0.72%	01/30/2023		220,353
	690,000	Charles Schwab Corp.	3.55%	02/01/2024		727,901
	855,000	Discover Financial Services	4.10%	02/09/2027		921,076
	140,000	Nationstar Mortgage Holdings, Inc.(g)	8.13%	07/15/2023		148,485
	275,000	NFP Corp.(g)	6.88%	07/15/2025		276,372
	165,000	Springleaf Finance Corp.	6.63%	01/15/2028		186,557
	75,000	Springleaf Finance Corp.	5.38%	11/15/2029		78,424
	745,000	Synchrony Financial	3.95%	12/01/2027		782,799
	265,000	Tempo Acquisition LLC / Tempo Acquisition Finance Corp.(g)	6.75%	06/01/2025		274,272
						5,523,193
Electric - 0.36%
	240,000	Calpine Corp.(g)	5.25%	06/01/2026		250,457
	85,000	Calpine Corp.(g)	4.50%	02/15/2028		85,860
	155,000	Calpine Corp.(g)	5.13%	03/15/2028		158,596
	55,000	Duke Energy Corp.	3.75%	09/01/2046		56,811
	485,000	Duke Energy Corp.	3.95%	08/15/2047		512,961
	535,000	Duke Energy Progress LLC	4.15%	12/01/2044		603,868
	315,000	General Electric Co.	5.88%	01/14/2038		381,666
	715,000	Georgia Power Co.	2.20%	09/15/2024		715,225
	1,100,000	ITC Holdings Corp.	3.25%	06/30/2026		1,134,517
	275,000	Monongahela Power Co.(g)	5.40%	12/15/2043		355,262
	375,000	NextEra Energy Capital Holdings, Inc.	3.55%	05/01/2027		398,316
	705,000	Oncor Electric Delivery Co. LLC	3.10%	09/15/2049		698,960
	590,000	PSEG Power LLC	3.85%	06/01/2023		619,203
	335,000	Southern California Edison Co.	4.00%	04/01/2047		352,189

Principal Amount/Description			Rate	Maturity	Value
$	1,000,000	Virginia Electric & Power Co.	3.50%	03/15/2027	$	1,069,393
						7,393,284
Electronics - 0.02%
	390,000	Arrow Electronics, Inc.	3.88%	01/12/2028		399,492
Engineering & Construction - 0.03%
	215,000	AECOM	5.13%	03/15/2027		231,737
	400,000	SBA Tower Trust(g)	3.17%	04/11/2022		404,309
						636,046
Entertainment - 0.04%
	150,000	Cedar Fair LP(g)	5.25%	07/15/2029		161,902
	160,000	Eldorado Resorts, Inc.	6.00%	04/01/2025		168,734
	210,000	Lions Gate Capital Holdings LLC(g)	6.38%	02/01/2024		219,977
	220,000	Live Nation Entertainment, Inc.(g)	4.75%	10/15/2027		228,107
	95,000	Scientific Games International, Inc.(g)	7.25%	11/15/2029		103,488
						882,208
Environmental Control - 0.04%
	130,000	Clean Harbors, Inc.(g)	4.88%	07/15/2027		137,066
	685,000	Waste Management, Inc.	4.00%	07/15/2039		767,017
						904,083
Food - 0.21%
	135,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(g)	4.63%	01/15/2027		135,088
	145,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(g)	5.88%	02/15/2028		154,331
	245,000	Aramark Services, Inc.(g)	5.00%	04/01/2025		256,023
	215,000	B&G Foods, Inc.	5.25%	04/01/2025		221,539
	120,000	B&G Foods, Inc.	5.25%	09/15/2027		121,350
	40,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	5.88%	07/15/2024		41,210
	25,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	5.75%	06/15/2025		25,948
	230,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	6.75%	02/15/2028		254,578
	150,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	6.50%	04/15/2029		166,969
	675,000	Kroger Co.	3.40%	04/15/2022		694,098
	850,000	NBM US Holdings, Inc.(g)	7.00%	05/14/2026		922,575
	55,000	Pilgrim's Pride Corp.(g)	5.75%	03/15/2025		56,964
	210,000	Pilgrim's Pride Corp.(g)	5.88%	09/30/2027		227,451
	235,000	Post Holdings, Inc.(g)	5.50%	03/01/2025		246,652
	80,000	Post Holdings, Inc.(g)	5.50%	12/15/2029		85,452
	734,000	Smithfield Foods, Inc.(g)	4.25%	02/01/2027		755,391
						4,365,619
Hand/Machine Tools - 0.01%
	90,000	Colfax Corp.(g)	6.00%	02/15/2024		95,813
	200,000	Colfax Corp.(g)	6.38%	02/15/2026		218,250
						314,063
Healthcare-Products - 0.01%
	160,000	Avantor, Inc.(g)	9.00%	10/01/2025		179,138
Healthcare-Services - 0.11%
	360,000	Anthem, Inc.	2.38%	01/15/2025		360,583
	70,000	Centene Corp.(g)	4.25%	12/15/2027		72,142
	165,000	Centene Corp.(g)	4.63%	12/15/2029		174,190
	135,000	Eagle Holding Co. II LLC(g)(h)	7.75% (8.50%)	05/15/2022		137,317
	145,000	HCA, Inc.	5.38%	09/01/2026		161,860

Principal Amount/Description			Rate			Maturity		Value
$	350,000	HCA, Inc.		4.13	%		06/15/2029	$	371,582
	405,000	Select Medical Corp.(g)		6.25	%		08/15/2026		439,164
	200,000	Tenet Healthcare Corp.(g)		5.13	%		11/01/2027		211,500
	210,000	WellCare Health Plans, Inc.(g)		5.38	%		08/15/2026		224,039
	85,000	West Street Merger Sub, Inc.(g)		6.38	%		09/01/2025		84,999
									2,237,376
Home Furnishings - 0.02%
	312,000	Tempur Sealy International, Inc.		5.50	%		06/15/2026		329,347
Insurance - 0.20%
	90,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(g)		6.75	%		10/15/2027		96,552
	715,000	Athene Global Funding(g)		3.00	%		07/01/2022		727,399
	785,000	AXA Equitable Holdings, Inc.		3.90	%		04/20/2023		822,624
	125,000	GTCR AP Finance, Inc.(g)		8.00	%		05/15/2027		130,356
	1,190,000	Liberty Mutual Group, Inc.(g)		3.95	%		10/15/2050		1,238,049
	340,000	Prudential Financial, Inc.		3.91	%		12/07/2047		365,512
	685,000	Willis North America, Inc.		4.50	%		09/15/2028		755,007
									4,135,499
Internet - 0.03%
	350,000	Expedia Group, Inc.		3.80	%		02/15/2028		356,970
	235,000	Netflix, Inc.(g)		4.88	%		06/15/2030		239,107
	125,000	Uber Technologies, Inc.(g)		7.50	%		09/15/2027		128,558
									724,635
Investment Companies - 0.51%
	5,000,000	Business Development Corp. of America(g)		5.38	%		05/30/2023		5,065,080
	5,000,000	FS KKR Capital Corp.		4.75	%		05/15/2022		5,175,248
	230,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp.		6.25	%		05/15/2026		245,381
	125,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp.(g)		5.25	%		05/15/2027		128,141
									10,613,850
Leisure Time - 0.04%
	400,000	Royal Caribbean Cruises, Ltd.		3.70	%		03/15/2028		411,473
	325,000	Viking Cruises, Ltd.(g)		5.88	%		09/15/2027		347,945
									759,418
Machinery-Diversified - 0.02%
	390,000	John Deere Capital Corp.		3.45	%		01/10/2024		410,944
Manufactured Goods - 0.00%(a)
	105,000	Gates Global LLC / Gates Global Co.(g)		6.25	%		01/15/2026		107,000
Media - 0.20%
	300,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		5.75	%		02/15/2026		317,061
	155,000	CCO Holdings LLC / CCO Holdings Capital Corp.(g)		4.75	%		03/01/2030		158,391
	105,000	Cengage Learning, Inc.(g)		9.50	%		06/15/2024		91,131
	735,000	Charter Communications Operating LLC / Charter Communications Operating Capital		4.91	%		07/23/2025		809,646
	165,000	Clear Channel Worldwide Holdings, Inc.(g)		5.13	%		08/15/2027		172,120
	695,000	Comcast Corp.		3.95	%		10/15/2025		758,505
	390,000	CSC Holdings LLC		5.25	%		06/01/2024		421,038
	180,000	Diamond Sports Group LLC / Diamond Sports Finance Co.(g)		5.38	%		08/15/2026		182,417
	100,000	DISH DBS Corp.		5.88	%		11/15/2024		102,396

Principal Amount/Description			Rate	Maturity	Value
$	265,000	Gray Television, Inc.(g)	7.00%	05/15/2027	$	294,971
	55,000	iHeartCommunications, Inc.	6.38%	05/01/2026		59,778
	35,000	iHeartCommunications, Inc.	8.38%	05/01/2027		38,740
	125,000	iHeartCommunications, Inc.(g)	5.25%	08/15/2027		131,019
	95,000	iHeartCommunications, Inc.(g)	4.75%	01/15/2028		97,551
	90,000	Nexstar Broadcasting, Inc.(g)	5.63%	07/15/2027		95,009
	255,000	Sirius XM Radio, Inc.(g)	5.38%	07/15/2026		271,502
	115,000	Sirius XM Radio, Inc.(g)	5.50%	07/01/2029		124,555
						4,125,830
Mining - 0.08%
	450,000	Freeport-McMoRan, Inc.	5.40%	11/14/2034		472,420
	1,200,000	Freeport-McMoRan, Inc.	5.45%	03/15/2043		1,245,120
						1,717,540
Oil & Gas - 0.22%
	625,000	Brooklyn Union Gas Co.(g)	4.49%	03/04/2049		717,646
	715,000	CNOOC Finance 2015 USA, LLC	3.75%	05/02/2023		744,287
	400,000	CNOOC Finance 2015 USA, LLC	3.50%	05/05/2025		418,342
	200,000	CNPC General Capital, Ltd.(f)	3.40%	04/16/2023		205,665
	170,000	Diamondback Energy, Inc.	2.88%	12/01/2024		171,940
	205,000	Gulfport Energy Corp.	6.38%	05/15/2025		130,773
	140,000	Hilcorp Energy I LP / Hilcorp Finance Co.(g)	6.25%	11/01/2028		133,399
	65,000	Indigo Natural Resources LLC(g)	6.88%	02/15/2026		61,264
	630,000	Marathon Petroleum Corp.	5.13%	12/15/2026		713,512
	170,000	Oasis Petroleum, Inc.	6.88%	03/15/2022		164,050
	145,000	Parsley Energy LLC / Parsley Finance Corp.(g)	5.63%	10/15/2027		153,606
	140,000	QEP Resources, Inc.	5.63%	03/01/2026		136,888
	130,000	Sunoco LP / Sunoco Finance Corp.	5.50%	02/15/2026		135,245
	110,000	Sunoco LP / Sunoco Finance Corp.	6.00%	04/15/2027		117,680
	110,000	Transocean, Inc.(g)	7.25%	11/01/2025		108,074
	345,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		359,990
						4,472,361
Packaging & Containers - 0.06%
	215,000	Berry Global, Inc.(g)	5.63%	07/15/2027		231,131
	185,000	Flex Acquisition Co., Inc.(g)	6.88%	01/15/2025		186,848
	776,000	WRKCo, Inc.	3.75%	03/15/2025		819,554
						1,237,533
Pharmaceuticals - 0.22%
	700,000	AbbVie, Inc.	4.70%	05/14/2045		784,541
	60,000	Bausch Health Cos., Inc.(g)	5.75%	08/15/2027		65,211
	155,000	Bausch Health Cos., Inc.(g)	7.00%	01/15/2028		170,787
	125,000	Bausch Health Cos., Inc.(g)	5.00%	01/30/2028		128,611
	155,000	Bausch Health Cos., Inc.(g)	7.25%	05/30/2029		177,374
	125,000	Bausch Health Cos., Inc.(g)	5.25%	01/30/2030		129,938
	1,110,000	Becton Dickinson and Co.	2.89%	06/06/2022		1,128,314
	620,000	Bristol-Myers Squibb Co.(g)	4.35%	11/15/2047		739,425
	355,000	Cigna Corp.(e)	3M US L + 0.89%	07/15/2023		357,130
	340,000	Cigna Corp.	4.90%	12/15/2048		406,542
	330,000	CVS Health Corp.	5.05%	03/25/2048		390,510
	125,000	Valeant Pharmaceuticals International, Inc.(g)	7.00%	03/15/2024		130,261
						4,608,644

Principal Amount/Description			Rate	Maturity	Value
Pipelines - 0.19%
$	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.(g)	5.75%	03/01/2027	$	64,379
	265,000	Cheniere Energy Partners LP	5.25%	10/01/2025		276,814
	130,000	Cheniere Energy Partners LP	5.63%	10/01/2026		137,718
	435,000	Enable Midstream Partners LP	4.40%	03/15/2027		434,350
	675,000	Energy Transfer Operating LP	4.75%	01/15/2026		730,792
	180,000	Hess Midstream Operations LP(g)	5.13%	06/15/2028		182,475
	598,000	Kinder Morgan Energy Partners LP	6.95%	01/15/2038		791,621
	180,000	ONEOK, Inc.	3.40%	09/01/2029		183,010
	735,000	Sabine Pass Liquefaction LLC	5.00%	03/15/2027		808,856
	345,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.(g)	5.50%	03/01/2030		354,919
						3,964,934
REITS - 0.43%
	555,000	Alexandria Real Estate Equities, Inc.	4.00%	01/15/2024		591,258
	1,000,000	American Tower Corp.	3.38%	10/15/2026		1,039,527
	705,000	American Tower Corp.	3.60%	01/15/2028		740,578
	685,000	Boston Properties LP	3.40%	06/21/2029		715,623
	800,000	Crown Castle International Corp.	3.70%	06/15/2026		845,538
	900,000	Crown Castle International Corp.	3.65%	09/01/2027		952,160
	1,000,000	Digital Realty Trust LP	3.70%	08/15/2027		1,059,398
	313,000	ESH Hospitality, Inc.(g)	5.25%	05/01/2025		324,216
	345,000	Essex Portfolio LP	3.00%	01/15/2030		349,089
	165,000	Iron Mountain, Inc.(g)	4.88%	09/15/2029		167,990
	265,000	MPT Operating Partnership LP / MPT Finance Corp.	5.25%	08/01/2026		280,572
	715,000	Public Storage	3.39%	05/01/2029		759,251
	355,000	Simon Property Group LP	2.45%	09/13/2029		349,389
	695,000	Welltower, Inc.	3.95%	09/01/2023		733,491
						8,908,080
Retail - 0.12%
	235,000	Beacon Roofing Supply, Inc.(g)	4.88%	11/01/2025		236,665
	105,000	Carvana Co.(g)	8.88%	10/01/2023		110,972
	665,000	Dollar Tree, Inc.	4.00%	05/15/2025		711,314
	235,000	Golden Nugget, Inc.(g)	6.75%	10/15/2024		243,810
	335,000	Home Depot, Inc.	3.90%	06/15/2047		378,486
	325,000	McDonald's Corp.	4.45%	03/01/2047		373,048
	120,000	PetSmart, Inc.(g)	7.13%	03/15/2023		117,900
	121,000	PetSmart, Inc.(g)	5.88%	06/01/2025		123,571
	185,000	Staples, Inc.(g)	7.50%	04/15/2026		192,284
						2,488,050
Semiconductors - 0.03%
	670,000	Marvell Technology Group, Ltd.	4.20%	06/22/2023		707,513
Software - 0.02%
	70,000	CDK Global, Inc.(g)	5.25%	05/15/2029		75,162
	155,000	Dun & Bradstreet Corp.(g)	6.88%	08/15/2026		171,372
	190,000	Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho(g)	10.00%	11/30/2024		205,834
						452,368
Special Purpose Banks - 0.01%
	160,000	Caesars Resort Collection LLC / CRC Finco, Inc.(g)	5.25%	10/15/2025		165,800

Principal Amount/Description			Rate	Maturity	Value
Telecommunications - 0.28%
$	940,000	AT&T, Inc.	5.25%	03/01/2037	$	1,122,275
	160,000	CenturyLink, Inc.(g)	5.13%	12/15/2026		163,221
	150,000	Cincinnati Bell, Inc.(g)	7.00%	07/15/2024		157,686
	120,000	CommScope, Inc.(g)	5.50%	03/01/2024		125,350
	30,000	CommScope, Inc.(g)	6.00%	03/01/2026		31,969
	345,000	Corning, Inc.	4.38%	11/15/2057		355,012
	155,000	Frontier Communications Corp.(g)	8.00%	04/01/2027		162,262
	190,000	Gogo Intermediate Holdings LLC / Gogo Finance Co., Inc.(g)	9.88%	05/01/2024		201,083
	100,000	GTT Communications, Inc.(g)	7.88%	12/31/2024		75,721
	1,175,000	Intelsat Jackson Holdings SA(g)	8.50%	10/15/2024		1,072,675
	260,000	Level 3 Financing, Inc.	5.38%	01/15/2024		264,983
	180,000	Level 3 Financing, Inc.(g)	4.63%	09/15/2027		184,617
	215,000	Sprint Capital Corp.	6.88%	11/15/2028		232,060
	200,000	Sprint Corp.	7.13%	06/15/2024		216,167
	315,000	Sprint Spectrum Co. LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC(g)	4.74%	03/20/2025		334,497
	720,000	Verizon Communications, Inc.	4.40%	11/01/2034		834,271
	305,000	Verizon Communications, Inc.	4.27%	01/15/2036		344,911
						5,878,760
Toys/Games/Hobbies - 0.04%
	812,000	Hasbro, Inc.	3.50%	09/15/2027		805,748
Transportation - 0.05%
	715,000	CSX Corp.	3.80%	11/01/2046		748,607
	330,000	FedEx Corp.	4.75%	11/15/2045		347,077
						1,095,684
Trucking & Leasing - 0.02%
	305,000	Penske Truck Leasing Co. LP / PTL Finance Corp.(g)	4.20%	04/01/2027		327,005
TOTAL U.S. CORPORATE BONDS
(Cost $91,775,620)						97,024,821
CONVERTIBLE CORPORATE BONDS - 0.25%
	5,000,000	New Mountain Finance Corp.	5.75%	08/15/2023		5,262,139
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $5,021,718)						5,262,139
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.27%
	400,000	Banco Nacional de Desenvolvimento Economico e Social(f)	4.75%	05/09/2024		425,670
	200,000	Costa Rica Government International Bond(f)	10.00%	08/01/2020		207,577
	800,000	Dominican Republic International Bond(g)	6.40%	06/05/2049		879,748
	400,000	Export Import Bank of Thailand(e)	3M US L + 0.90%	11/20/2023		402,577
	1,000,000	Indonesia Government International Bond(f)	3.75%	04/25/2022		1,033,970
	200,000	Israel Government International Bond	2.88%	03/16/2026		209,339

Principal Amount/Description			Rate	Maturity	Value
$	285,000	Mexico Government International Bond	4.15%	03/28/2027	$	305,805
	875,000	Mexico Government International Bond	3.75%	01/11/2028		910,656
	400,000	Perusahaan Penerbit SBSN Indonesia III(g)	4.15%	03/29/2027		429,864
	700,000	Philippine Government International Bond	4.20%	01/21/2024		755,751
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $5,369,186)						5,560,957
BANK LOANS - 1.31%(e)
Canada - 0.02%
	415,000	Kronos Acquisition Intermediate, Inc., First Lien - Initial Term Loan	1M US L + 4.00%, 1.00% Floor	05/15/2023		408,568
Ireland - 0.03%
	525,000	ION Trading Technologies S.A.R.L., First Lien - 2018 Initial Dollar Term Loan(j)	3M US L + 4.00%, 1.00% Floor	11/21/2024		504,000
Jersey - 0.02%
	479,370	Capri Acquisitions BidCo, Ltd., First Lien - Initial Dollar Term Loan	3M US L + 3.00%	11/01/2024		475,715
Luxembourg - 0.03%
	578,550	Travelport Finance Luxembourg Sarl, First Lien - Initial Term Loan	3M US L + 5.00%	05/29/2026		542,680
United Kingdom - 0.01%
	250,000	Connect Finco SARL, First Lien - B Term Loan(j)	1M US L + 4.50%, 1.00% Floor	12/11/2026		251,855
United States - 1.20%
	475,687	Acrisure LLC, First Lien - 2017-2 Refinancing Term Loan	3M US L + 4.25%, 1.00% Floor	11/22/2023		477,768
	460,000	Air Medical Group Holdings, Inc., First Lien - 2018 New Term Loan(j)	L + 4.25%, 1.00% Floor	03/14/2025		447,350
	1,273,737	Air Methods Corp., First Lien - Initial Term Loan	3M US L + 3.50%, 1.00% Floor	04/22/2024		1,119,564
	1,213,896	American Tire Distributors, Inc., First Lien - Initial Term Loan	1M US L + 7.50%, 1.00% Floor	09/02/2024		1,089,472
	481,549	AssuredPartners, Inc., First Lien - 2017 September Refinancing Term Loan	1M US L + 3.50%	10/22/2024		483,776
	287,825	Athenahealth, Inc., First Lien - B Term Loan	3M US L + 4.50%	02/11/2026		289,743
	560,000	Avaya, Inc., First Lien - Tranche B Term Loan	1M US L + 4.25%	12/15/2024		551,180
	49,201	Aventiv Technologies LLC, First Lien - Initial Term Loan	1M US L + 4.50%, 1.00% Floor	11/01/2024		36,868
	295,000	BellRing Brands LLC, First Lien - B Term Loan	1M US L + 5.00%, 1.00% Floor	10/21/2024		298,873

Principal Amount/Description			Rate	Maturity	Value
$	892,734	BI-LO LLC, First Lien - Initial Term Loan(j)	3M US L + 8.00%, 1.00% Floor	05/31/2024	$	827,640
	153,442	Blackhawk Network Holdings, Inc., First Lien Term Loan	1M US L + 3.00%	06/15/2025		153,730
	1,024,691	Cengage Learning, Inc., First Lien - 2016 Refinancing Term Loan	1M US L + 4.25%, 1.00% Floor	06/07/2023		982,514
	493,112	CHG Healthcare Services, Inc., First Lien - 2017 New Term Loan	1M US L + 3.00%, 1.00% Floor	06/07/2023		497,118
	489,693	Cvent, Inc., First Lien Term Loan	1M US L + 3.75%, 1.00% Floor	11/29/2024		490,060
	538,633	Dhanani Group, Inc., First Lien Term Loan	1M US L + 3.75%	07/20/2025		525,167
	425,646	Equinox Holdings, Inc., First Lien - Incremental B-1 Term Loan	1M US L + 3.00%, 1.00% Floor	03/08/2024		428,002
	470,443	Filtration Group Corp., First Lien - Initial Dollar Term Loan	1M US L + 3.00%	03/29/2025		472,993
	700,000	Flex Acquisition Co., Inc., First Lien - Incremental B-2018 Term Loan(j)	L + 3.25%	06/29/2025		696,500
	1,069,222	Forterra Finance LLC, First Lien - Replacement Term Loan	1M US L + 3.00%, 1.00% Floor	10/25/2023		1,048,730
	480,000	Granite US Holdings Corp., First Lien - B Term Loan	3M US L + 5.25%	09/30/2026		482,400
	485,734	Greeneden U.S. Holdings I LLC, First Lien - Tranche B-3 Dollar Term Loan	1M US L + 3.25%	12/01/2023		488,010
	1,381,528	Gulf Finance LLC, First Lien - Tranche B Term Loan	1M US L + 5.25%, 1.00% Floor	08/25/2023		1,088,077
	468,987	Hayward Industries, Inc., First Lien - Initial Term Loan	1M US L + 3.50%	08/05/2024		466,642
	472,142	Hyland Software, Inc., First Lien - 2018 Refinancing Term Loan	1M US L + 3.50%, 0.75% Floor	07/01/2024		475,499
	494,492	IRB Holding Corp., First Lien	3M US L + 3.25%, 1.00% Floor	02/05/2025		498,304
	329,158	Klockner Pentaplast of America, Inc., First Lien - Dollar Term Loan	3M US L + 4.25%, 1.00% Floor	06/30/2022		297,641
	303,475	Lower Cadence Holdings LLC, First Lien - Initial Term Loan	1M US L + 4.00%	05/22/2026		301,011
	168,372	McDermott International, Inc., First Lien - Facility Term Loan(j)	3M US L + 10.00%, 1.00% Floor	10/21/2021		172,371
	437,633	McDermott International, Inc., First Lien Term Loan	3M US L + 5.00%, 1.00% Floor	05/09/2025		259,954
	1,144,236	Minotaur Acquisition, Inc., First Lien - B Term Loan	1M US L + 5.00%	03/27/2026		1,129,933
	498,326	Misys, Ltd., First Lien - Dollar Term Loan	3M US L + 3.50%, 1.00% Floor	06/13/2024		495,904
	217,236	Mitchell International, Inc., First Lien - Initial Term Loan	1M US L + 3.25%	11/29/2024		215,913
	476,426	MLN US HoldCo LLC, First Lien - B Term Loan	1M US L + 4.50%	11/30/2025		452,207
	1,150,000	MPH Acquisition Holdings LLC, First Lien - Initial Term Loan	3M US L + 2.75%, 1.00% Floor	06/07/2023		1,136,649
	105,000	Parexel International (West Street Merger), First Lien - Initial Term Loan	1M US L + 2.75%	09/27/2024		103,294
	1,040,000	Peak 10 Holding Corp., First Lien - Initial Term Loan(j)	3M US L + 3.50%	08/01/2024		870,069
	394,987	Ply Gem Midco, Inc., First Lien - Initial Term Loan	1M US L + 3.75%	04/12/2025		395,355
	366,975	Project Alpha Intermediate Holding, Inc., First Lien Term Loan	3M US L + 3.50%, 1.00% Floor	04/26/2024		368,353

Principal Amount/Description			Rate	Maturity	Value
$	553,095	Radiology Partners, Inc., First Lien - B Term Loan(j)	3M US L + 4.75%	07/09/2025	$	556,784
	456,650	Refinitiv US Holdings, Inc., First Lien - Initial Dollar Term Loan	1M US L + 3.25%	10/01/2025		461,102
	565,000	Solenis Holdings LLC, First Lien - Initial Dollar Term Loan	3M US L + 4.00%	06/26/2025		560,480
	440,837	Sophia LP, First Lien - B Term Loan	3M US L + 3.25%, 1.00% Floor	09/30/2022		442,413
	995,000	Team Health Holdings, Inc., First Lien - Initial Term Loan(j)	1M US L + 2.75%, 1.00% Floor	02/06/2024		810,303
	489,535	United Natural Foods, Inc., First Lien - Initial Term Loan	1M US L + 4.25%	10/22/2025		420,694
	365,375	Verscend Holding Corp., First Lien - B Term Loan	1M US L + 4.50%	08/27/2025		368,724
	420,918	Vertafore, Inc., First Lien - Initial Term Loan	1M US L + 3.25%	07/02/2025		416,972
	165,000	Zelis Cost Management Buyer, Inc., First Lien - B Term Loan	1M US L + 4.75%	09/30/2026		166,118
						24,818,224
TOTAL BANK LOANS
(Cost $26,925,012)						27,001,042
COLLATERALIZED LOAN OBLIGATIONS - 2.08%
		Adams Mill CLO, Ltd.
	500,000	Series 2014-1A(e)(g)	3M US L + 3.50%	07/15/2026		500,498
		AIMCO CLO
	500,000	Series 2018-AA(e)(g)	3M US L + 2.55%	04/17/2031		466,195
		AIMCO CLO 10, Ltd.
	1,000,000	Series 2019-10A(e)(g)	3.55% - 3M US L	07/22/2032		958,183
		Apidos CLO XII
	500,000	Series 2018-12A(e)(g)	3M US L + 2.60%	04/15/2031		479,339
		Apidos CLO XX
	500,000	Series 2018-20A(e)(g)	3M US L + 2.95%	07/16/2031		488,212
		Apidos CLO XXI
	500,000	Series 2018-21A(e)(g)	3M US L + 2.45%	07/18/2027		484,557
	1,000,000	Series 2018-21A(e)(g)	3M US L + 8.25%	07/18/2027		907,259
		Apidos CLO XXIV
	1,000,000	Series 2018-24A(e)(g)	3M US L + 5.80%	10/20/2030		965,658
		Avery Point VI CLO, Ltd.
	500,000	Series 2018-6A(e)(g)	3M US L + 1.05%	08/05/2027		499,497
		Babson CLO, Ltd.
	500,000	Series 2018-IA(e)(g)	3M US L + 2.60%	01/20/2031		477,131
		Barings CLO, Ltd.
	500,000	Series 2017-1A(e)(g)	3M US L + 3.60%	07/18/2029		500,156
	500,000	Series 2018-4A(e)(g)	3M US L + 5.82%	10/15/2030		479,039
	1,000,000	Series 2019-1A(e)(g)	3M US L + 6.68%	04/15/2031		1,002,177
	500,000	Series 2019-2A(e)(g)	3.85% - 3M US L	04/15/2031		500,622
		Beechwood Park CLO, Ltd.
	500,000	Series 2019-1A(e)(g)	3M US L + 7.50%	01/17/2033		499,798
		BlueMountain CLO, Ltd.
	500,000	Series 2018-3A(e)(g)	3M US L + 2.60%	04/20/2031		465,773
		Buttermilk Park CLO, Ltd.
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.75%	10/15/2031		962,696
		Canyon Capital CLO, Ltd.
	500,000	Series 2017-1A(e)(g)	3M US L + 3.60%	07/15/2030		500,156
	1,000,000	Series 2018-1A(e)(g)	3M US L + 2.75%	01/30/2031		914,279

Principal Amount/Description			Rate	Maturity	Value
$	1,500,000	Series 2018-1A(e)(g)	3M US L + 5.50%	01/30/2031	$	1,365,178
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.75%	07/15/2031		919,675
	500,000	Series 2018-1A(e)(g)	3M US L + 2.80%	07/15/2031		483,169
	500,000	Series 2018-1RA(e)(g)	3M US L + 3.00%	07/15/2030		490,567
		Canyon CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 2.90%	07/15/2031		485,880
		Carlyle Global Market Strategies CLO, Ltd.
	1,000,000	Series 2018-2RA(e)(g)	3M US L + 5.35%	05/15/2031		867,192
	500,000	Series 2018-3A(e)(g)	3M US L + 2.85%	07/28/2028		489,003
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 3.00%	04/15/2030		489,322
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.80%	04/15/2030		970,498
		Cook Park CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 2.60%	04/17/2030		476,908
		Dorchester Park CLO DAC
	500,000	Series 2018-1A(e)(g)	3M US L + 2.40%	04/20/2028		488,316
	875,000	Series 2018-1A(e)(g)	3M US L + 5.00%	04/20/2028		846,296
		Dryden 57 CLO, Ltd.
	500,000	Series 2018-57A(e)(g)	3M US L + 2.55%	05/15/2031		474,520
		Dryden 60 CLO, Ltd.
	1,000,000	Series 2018-60A(e)(g)	3M US L + 3.00%	07/15/2031		978,325
		Elmwood CLO II, Ltd.
	1,000,000	Series 2019-2A(e)(g)	3M US L + 2.10%	04/20/2031		1,004,196
		Fillmore Park CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 2.90%	07/15/2030		487,398
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.40%	07/15/2030		945,054
		Gilbert Park CLO, Ltd.
	1,000,000	Series 2017-1A(e)(g)	3M US L + 6.40%	10/15/2030		1,007,467
		Goldentree Loan Management US CLO, Ltd.
	500,000	Series 2018-3A(e)(g)	3M US L + 2.85%	04/20/2030		484,572
		Myers Park CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 3.05%	10/20/2030		490,411
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.50%	10/20/2030		940,569
		Neuberger Berman CLO XXIII, Ltd.
	1,000,000	Series 2018-23A(e)(g)	3M US L + 5.75%	10/17/2027		981,118
		PPM CLO 3, Ltd.
	1,000,000	Series 2019-3A(e)(g)	3.70% - 3M US L	07/17/2030		1,000,245
		Stewart Park CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 2.60%	01/15/2030		468,989
		Symphony CLO XVII, Ltd.
	1,500,000	Series 2018-17A(e)(g)	3M US L + 2.65%	04/15/2028		1,486,232
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2017-1A(e)(g)	3M US L + 3.75%	04/18/2029		500,393
	500,000	Series 2018-1A(e)(g)	2.90% - 3M US L	07/15/2030		465,669
	2,000,000	Series 2018-1A(e)(g)	5.50% - 3M US L	07/15/2030		1,808,242
	1,000,000	Series 2018-1A(e)(g)	3M US L + 3.00%	07/18/2031		895,724
	1,000,000	Series 2018-2A(e)(g)	3M US L + 5.75%	07/15/2030		899,308
	1,000,000	Series 2018-3A(e)(g)	3M US L + 6.22%	10/22/2031		820,339
		Tryon Park CLO, Ltd.
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.95%	04/15/2029		989,495
		VERDE CLO, Ltd.
	1,000,000	Series 2019-1A(e)(g)	3.80% - 3M US L	04/15/2032		1,001,244
		Voya CLO, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 2.80%	04/18/2031		473,244
	1,000,000	Series 2018-2A(e)(g)	3M US L + 2.75%	07/15/2031		963,297
	1,000,000	Series 2018-2A(e)(g)	3M US L + 5.25%	07/15/2031		935,542

Principal Amount/Description			Rate	Maturity	Value
		Webster Park CLO, Ltd.
$	1,000,000	Series 2018-1A(e)(g)	5.50% - 3M US L	07/20/2030	$	947,694
		Westcott Park CLO, Ltd.
	1,000,000	Series 2019-1A(e)(g)	3M US L + 3.25%	07/20/2028		999,848
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $44,783,111)						42,872,364
EQUITY - LINKED NOTES - 0.00%(a)
	263,093	Inverpamplona SA(i)(k)	0.00%	12/30/2028		11,250
TOTAL EQUITY - LINKED NOTES
(Cost $11,250)						11,250
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 19.32%
		Aaset 2019-2 Trust
	496,550	Series 2019-2(g)	3.38%	10/16/2026		497,788
		AASET, Ltd.
	748,749	Series 2018-1A(g)	3.84%	09/16/2023		753,753
		Adjustable Rate Mortgage Trust
	376,327	Series 2005-1(e)	4.60%	05/25/2035		382,476
	3,282,651	Series 2005-10(e)	4.37%	01/25/2036		2,823,599
	210,868	Series 2005-7(e)	4.15%	10/25/2035		188,329
		ALM XII, Ltd.
	500,000	Series 2018-12A(e)(g)	3M US L + 2.65%	04/16/2027		500,366
		Alternative Loan Trust
	282,805	Series 2005-20CB	5.50%	07/25/2035		272,219
	102,531	Series 2005-54CB	5.50%	11/25/2035		86,298
	523,844	Series 2005-6CB	5.50%	04/25/2035		533,333
	234,395	Series 2005-85CB(e)	21.63% - 3.67 x 1M US L	02/25/2036		311,918
	1,109,909	Series 2005-85CB(e)	1M US L + 1.10%	02/25/2036		961,765
	294,518	Series 2005-86CB	5.50%	02/25/2036		252,698
	531,107	Series 2005-9CB(e)(l)	5.05% - 1M US L	05/25/2035		58,265
	299,046	Series 2005-9CB(e)	1M US L + 0.50%	05/25/2035		276,309
	284,343	Series 2006-12CB(e)	1M US L + 5.75%	05/25/2036		223,914
	1,393,579	Series 2006-15CB	6.50%	06/25/2036		1,036,456
	165,108	Series 2006-30T1	6.25%	11/25/2036		150,250
	140,611	Series 2006-32CB	5.50%	11/25/2036		114,911
	302,624	Series 2006-36T2(e)	28.06% - 4.6 x 1M US L	12/25/2036		486,451
	1,085,678	Series 2007-19	6.00%	08/25/2037		878,711
	3,811,896	Series 2007-20	6.25%	08/25/2047		3,159,699
	1,016,656	Series 2007-23CB(e)(l)	6.50% - 1M US L	09/25/2037		310,832
	1,064,747	Series 2007-23CB(e)	1M US L + 0.50%	09/25/2037		588,326
		American Home Mortgage Investment Trust
	170,373	Series 2007-A(g)(m)	6.60%	01/25/2037		73,623
		AmeriHome GMSR Issuer Trust
	3,100,000	Series 2019-GT1(g)	4.68%	11/25/2026		3,051,249
		Applebee's Funding LLC / IHOP Funding LLC
	750,000	Series 2019-1A(g)	4.19%	06/05/2024		761,257
		AREIT Trust
	1,265,000	Series 2019-CRE3(e)(g)	1M US L + 2.65%	07/14/2022		1,269,114

Principal Amount/Description			Rate	Maturity	Value
		Atlas Senior Loan Fund X, Ltd.
$	500,000	Series 2018-10A(e)(g)	3M US L + 1.09%	01/15/2031	$	496,735
		Atrium Hotel Portfolio Trust
	1,309,000	Series 2018-ATRM(e)(g)	1M US L + 3.40%	06/15/2021		1,316,518
		Atrium IX
	500,000	Series 2017-9A(e)(g)	3M US L + 3.60%	05/28/2030		500,351
		Atrium XIII
	1,000,000	Series 2017-13A(e)(g)	3M US L + 6.05%	11/21/2030		983,925
		Atrium XIV LLC
	1,000,000	Series 2018-14A(e)(g)	3M US L + 5.65%	08/23/2030		960,747
		BAMLL Commercial Mortgage Securities Trust
	683,000	Series 2019-AHT(e)(g)	4.24%	03/15/2021		686,453
		Banc of America Funding Corp.
	148,939	Series 2008-R2(g)	6.00%	09/25/2037		152,367
		Banc of America Funding Trust
	176,712	Series 2006-2	5.50%	03/25/2036		175,465
	4,314,345	Series 2010-R5(e)(g)	6.00%	10/26/2037		4,153,428
		Bancorp Commercial Mortgage Trust
	605,000	Series 2019-CRE5(e)(g)	1M US L + 1.50%	01/15/2022		605,630
	1,312,000	Series 2019-CRE5(e)(g)	1M US L + 2.35%	02/15/2022		1,315,238
		BANK
	463,000	Series 2018-BN10(e)	4.08%	01/15/2028		491,188
	463,000	Series 2018-BN13(e)	4.55%	07/15/2028		511,040
	203,000	Series 2019-BN17(e)	4.52%	04/15/2029		219,125
		Barclays Commercial Mortgage Trust
	697,000	Series 2019-C3	3.90%	05/15/2029		744,596
	697,000	Series 2019-C3	4.10%	05/15/2029		743,802
		BBCMS Trust
	3,000,000	Series 2018-CBM(e)(g)	1M US L + 3.15%	07/15/2020		3,020,706
		BCAP, LLC Trust
	137,305	Series 2007-AA2(e)	7.50%	04/25/2037		118,943
	89,086	Series 2007-AA2	6.00%	04/25/2037		72,239
	6,126,135	Series 2010-RR6(e)(g)	6.00%	07/26/2036		4,839,886
		Bear Stearns ALT-A Trust
	1,097,201	Series 2004-11(e)	3.70%	11/25/2034		1,079,535
	1,131,323	Series 2005-3(e)	3.94%	04/25/2035		1,071,951
	8,801,748	Series 2006-3(e)	4.16%	05/25/2036		7,712,786
	1,126,153	Series 2006-6(e)	3.94%	11/25/2036		1,022,715
		Bear Stearns Asset-Backed Securities Trust
	2,129,453	Series 2006-AC1(m)	6.25%	02/25/2036		1,563,750
		Bellemeade Real Estate, Ltd.
	4,500,000	Series 2019-2A(e)(g)	1M US L + 1.45%	04/25/2029		4,503,958
		BENCHMARK Mortgage Trust
	203,000	Series 2019-B10	3.75%	03/15/2029		205,333
		BF Mortgage Trust
	705,000	Series 2019-NYT(e)(g)	1M US L + 3.00%	12/15/2020		711,004
		BHP Trust
	761,000	Series 2019-BXHP(e)(g)	1M US L + 2.56768%	08/15/2021		759,162
		Braemar Hotels & Resorts Trust
	688,000	Series 2018-PRME(e)(g)	1M US L + 2.90%	06/15/2035		690,651
		BX Trust
	760,000	Series 2019-MMP(e)(g)	1M US L + 2.79211%	08/15/2021		762,362

Principal Amount/Description			Rate	Maturity	Value
		BX Trust 2019-OC11
$	1,990,000	Series 2019-OC11(g)	4.08%	12/09/2029	$	1,926,449
		CAL Funding III, Ltd.
	816,667	Series 2018-1A(g)	3.96%	02/25/2028		819,401
		Cantor Commercial Real Estate Lending
	652,000	Series 2019-CF1(e)(g)	4.12%	04/15/2024		653,475
		Carbon Capital VI Commercial Mortgage Trust
	680,000	Series 2019-FL2(e)(g)	1M US L + 2.85%	11/15/2021		685,420
		Carrington Mortgage Loan Trust
	1,986,082	Series 2006-NC4(e)	1M US L + 0.16%	10/25/2036		1,857,807
		Cascade MH Asset Trust 2019-MH1
	4,601,000	Series 2019-MH1(e)(g)	5.99%	11/25/2044		4,638,116
		Castlelake Aircraft Securitization Trust
	2,964,487	Series 2018-1(g)	6.63%	06/15/2025		2,977,916
		Castlelake Aircraft Structured Trust
	705,236	Series 2019-1A(g)	3.97%	04/15/2026		718,204
	2,750,000	Series 2019-1A(g)(i)	0.00%	04/15/2039		2,715,625
		CF Trust
	1,518,000	Series 2019-MF1(e)(g)	1M US L + 2.95%	08/21/2021		1,521,766
		Chase Mortgage Finance Trust
	13,391,993	Series 2007-S2	6.00%	03/25/2037		10,743,251
	493,379	Series 2007-S3	5.50%	05/25/2037		124,627
		CIM Trust
	12,000,000	Series 2016-1RR(e)(g)	7.78%	07/26/2055		12,118,428
	12,000,000	Series 2016-2RR B2(e)(g)	8.23%	02/25/2056		12,087,144
	12,000,000	Series 2016-3RR B2(e)(g)	7.99%	02/27/2056		12,109,404
	11,430,000	Series 2016-3RR B2(e)(g)	11.09%	01/27/2057		11,759,756
	3,362,447	Series 2017-6 A1(e)(g)	3.02%	06/25/2057		3,370,869
		Citicorp Mortgage Securities Trust
	607,507	Series 2007-1	6.00%	01/25/2037		601,922
	3,115	Series 2007-2	5.50%	02/25/2037		3,122
		Citigroup Commercial Mortgage Trust
	3,808,697	Series 2014-GC25(e)(l)	0.99%	10/10/2047		154,102
	866,000	Series 2015-GC27(e)(g)	4.43%	01/10/2025		822,747
	400,000	Series 2015-GC31(e)	4.06%	06/10/2025		401,356
	420,000	Series 2015-GC35(e)	4.50%	11/10/2025		429,793
	5,380,709	Series 2015-GC35(e)(l)	0.85%	11/10/2048		178,371
	480,000	Series 2016-GC36(g)	2.85%	01/10/2026		416,284
	464,000	Series 2017-C4(e)	4.10%	10/12/2027		487,119
	463,000	Series 2018-B2(e)	4.28%	03/10/2028		493,032
	515,000	Series 2018-C5(e)	4.72%	06/10/2028		545,083
	901,000	Series 2019-SST2(e)(g)	1M US L + 1.60%	02/15/2022		903,996
	901,000	Series 2019-SST2(e)(g)	1M US L + 2.00%	02/15/2022		903,987
		Citigroup Mortgage Loan Trust
	816,017	Series 2006-WF1(m)	4.87%	03/25/2036		565,246
	1,274,990	Series 2007-OPX1(m)	6.33%	01/25/2037		637,155
	506,313	Series 2008-AR4(e)(g)	4.44%	11/25/2038		507,693
		CitiMortgage Alternative Loan Trust
	595,541	Series 2007-A1	6.00%	01/25/2037		595,750
	117,306	Series 2007-A1(e)(l)	5.40% - 1M US L	01/25/2037		17,050
	85,388	Series 2007-A3(e)	6.00%	03/25/2037		86,242
	196,505	Series 2007-A3(e)(l)	5.40% - 1M US L	03/25/2037		34,517
	679,775	Series 2007-A4	5.75%	04/25/2037		663,027
	611,011	Series 2007-A6	5.50%	06/25/2037		581,467

Principal Amount/Description			Rate	Maturity	Value
		CLI Funding VI LLC
$	941,173	Series 2019-1A(g)	3.71%	05/18/2029	$	945,163
		COMM Mortgage Trust
	887,000	Series 2013-CR11(e)	5.11%	09/10/2023		948,966
	500,000	Series 2016-GCT(e)(g)	3.46%	08/10/2021		494,820
		Commercial Mortgage Pass-Through Certificates
	242,400	Series 2014-CR19(e)	4.75%	08/10/2024		255,610
	400,000	Series 2014-CR20(e)	4.51%	10/10/2024		419,470
	8,629,084	Series 2014-UBS4(g)(l)	3.75%	08/10/2024		1,578,241
	11,000	Series 2014-UBS4(e)(g)	0.00%	08/10/2047		1
	3,369,085	Series 2015-CR22(e)(l)	0.94%	03/10/2025		118,007
	4,690,350	Series 2015-CR26(e)(l)(n)	0.95%	09/10/2025		209,702
	419,000	Series 2015-LC23(e)	4.65%	10/10/2025		443,969
	249,000	Series 2016-DC2(e)	4.64%	02/10/2026		258,817
		Commercial Mortgage Trust
	659,000	Series 2012-CR4(e)(g)	4.59%	11/15/2022		276,442
		CORE Mortgage Trust
	540,000	Series 2019-CORE(e)(g)	1M US L + 1.90%	12/15/2020		540,587
	540,000	Series 2019-CORE(e)(g)	1M US L + 2.35%	12/15/2020		542,749
		Countrywide Home Loan Mortgage Pass-Through Trust
	2,493,299	Series 2005-HYB7(e)	3.43%	11/20/2035		2,298,137
	41,242	Series 2005-J4	5.50%	11/25/2035		40,026
	2,125,261	Series 2006-18	6.00%	12/25/2036		1,800,203
	324,614	Series 2007-17	6.00%	10/25/2037		294,391
	329,297	Series 2007-3	6.00%	04/25/2037		272,075
	362,709	Series 2007-7	5.75%	06/25/2037		300,420
		Credit Suisse First Boston Mortgage Securities Corp.
	74,621	Series 2005-10	5.50%	11/25/2035		70,390
	2,138,051	Series 2005-11	6.00%	12/25/2035		2,073,893
	68,505	Series 2005-8	5.50%	08/25/2025		69,235
	4,673,778	Series 2005-9	6.00%	10/25/2035		2,495,022
		Credit Suisse Mortgage Capital Certificates
	3,745,662	Series 2006-2	5.75%	03/25/2036		3,242,631
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2(m)	5.70%	09/25/2036		1,296,025
	145,633	Series 2007-1(e)	5.90%	05/25/2037		60,200
		CSAIL Commercial Mortgage Trust
	5,375,870	Series 2015-C1(e)(l)	0.84%	01/15/2025		191,573
	419,000	Series 2015-C4(e)	4.58%	11/15/2025		442,126
	214,000	Series 2018-C14(e)	4.89%	10/15/2028		234,008
		CSMC Mortgage-Backed Trust
	184,340	Series 2006-1	6.00%	02/25/2036		114,984
	24,521	Series 2006-4	5.50%	05/25/2021		21,980
	799,720	Series 2006-5	6.25%	06/25/2036		309,377
	100,594	Series 2006-9	6.00%	11/25/2036		80,428
	2,121,918	Series 2007-1	6.00%	02/25/2037		1,846,909
	11,101	Series 2007-2	5.00%	03/25/2037		10,799
	545,817	Series 2007-3(e)	5.84%	04/25/2037		237,085
	32,489	Series 2007-4	6.00%	06/25/2037		28,556
	604,000	Series 2017-CALI(e)(g)	3.78%	11/10/2024		620,126
	253,000	Series 2017-CHOP(e)(g)	1M US L + 1.90%	07/15/2032		252,652
	253,000	Series 2017-CHOP(e)(g)	1M US L + 3.30%	07/15/2032		253,755
	835,061	Series 2018-RPL2(g)(m)	4.03%	08/25/2062		836,968
	1,667,088	Series 2018-RPL8(e)(g)	4.13%	07/25/2058		1,681,794

Principal Amount/Description			Rate	Maturity	Value
		DB Master Finance LLC
$	995,000	Series 2019-1A(g)	3.79%	02/20/2024	$	1,018,924
		DBUBS Mortgage Trust
	468,000	Series 2017-BRBK(e)(g)	3.53%	10/10/2024		462,117
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	316,173	Series 2005-6(e)(l)	5.08% - 1M US L	12/25/2035		48,743
	138,580	Series 2005-6(e)	1M US L + 1.40%	12/25/2035		116,425
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	168,294	Series 2006-PR1(e)(g)	12.12% - 1M US L	04/15/2036		163,590
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A(e)(g)	3M US L + 5.75%	08/15/2031		957,805
	500,000	Series 2018-40A(e)(g)	3M US L + 3.10%	08/15/2031		494,926
		Earnest Student Loan Program
	35,000	Series 2016-D(g)	0.00%	05/25/2025		863,153
		Ellington Financial Mortgage Trust
	985,652	Series 2018-1(e)(g)	4.39%	10/25/2058		1,002,489
		First Horizon Alternative Mortgage Securities Trust
	872,979	Series 2005-FA6	5.50%	09/25/2035		739,502
	136,369	Series 2007-FA2	6.00%	04/25/2037		91,502
		First Horizon Mortgage Pass-Through Trust
	1,351,012	Series 2007-AR3(e)	4.20%	11/25/2037		1,120,425
		Fontainebleau Miami Beach Trust
	2,000,000	Series 2019-FBLU(e)(g)	4.10%	12/10/2024		1,873,268
		Fontainebleau Miami Beach Trust 2019-FBLU
	1,122,000	Series 2019-FBLU(g)	4.10%	12/10/2024		1,102,894
		GAIA Aviation, Ltd.
	750,000	Series 2019-1(g)(m)	3.97%	12/15/2026		751,900
	500,000	Series 2019-1(g)(m)	7.00%	12/15/2026		499,123
		Global SC Finance IV, Ltd.
	415,700	Series 2018-1A(g)	4.29%	05/17/2028		427,532
		Great Wolf Trust
	3,084,000	Series 2019-WOLF(e)(g)	1M US L + 3.13%	12/15/2024		3,083,053
		GS Mortgage Securities Trust
	294,806	Series 2011-GC3(e)(g)(l)(n)	0.66%	03/10/2021		1,340
	2,224,952	Series 2011-GC5(e)(g)(l)(n)	1.33%	08/10/2044		34,114
	3,986,000	Series 2014-GC26(e)(g)	4.51%	11/10/2047		3,492,276
	438,000	Series 2015-GC34	2.98%	10/10/2025		393,886
	7,234,483	Series 2015-GS1(e)(l)(n)	0.79%	11/10/2025		286,710
	656,000	Series 2017-GS6	3.87%	05/10/2027		689,162
	1,954,000	Series 2018-TWR(e)(g)	1M US L + 3.92%	07/15/2021		1,971,519
		GSAA Home Equity Trust
	2,452,736	Series 2006-13(e)	6.04%	07/25/2036		1,307,058
	553,066	Series 2006-18(m)	5.68%	11/25/2036		252,849
	173,783	Series 2006-6(e)	5.69%	03/25/2036		82,577
	937,466	Series 2007-2(m)	6.10%	03/25/2037		343,890
		GSCG Trust
	628,000	Series 2019-600C(g)	3.76%	09/06/2024		629,280
	1,303,000	Series 2019-600C(e)(g)	4.12%	09/06/2024		1,235,239
		GSR Mortgage Loan Trust
	287,342	Series 2005-AR4(e)	4.66%	07/25/2035		293,949
	1,554,203	Series 2006-2F	5.25%	02/25/2036		1,165,313
	488,869	Series 2007-2F	5.75%	02/25/2037		843,507
	2,888,650	Series 2007-2F	6.00%	03/25/2037		2,462,303

Principal Amount/Description			Rate	Maturity	Value
$	1,194,011	Series 2007-AR2(e)	4.25%	05/25/2037	$	1,015,520
		Halcyon Loan Advisors Funding, Ltd.
	250,000	Series 2013-2A(e)(g)	3M US L + 2.70%	08/01/2025		249,596
		Harley Marine Financing LLC
	946,973	Series 2018-1A(g)	5.68%	05/15/2022		846,198
		Hawaii Hotel Trust
	1,391,000	Series 2019-MAUI(e)(g)	1M US L + 2.75%	05/15/2021		1,395,131
		Hayfin Kingsland X, Ltd.
	500,000	Series 2019-1A(e)(g)	3M US L + 2.25%	04/28/2031		500,804
		Helios Issuer, LLC Series
	1,322,667	Series 2017-1A(g)	4.94%	09/20/2023		1,379,126
		Highbridge Loan Management 2013-2, Ltd.
	500,000	Series 2017-2A(e)(g)	3M US L + 6.60%	10/20/2029		493,693
		Highbridge Loan Management, Ltd.
	500,000	Series 2018-2016(e)(g)	3M US L + 2.90%	07/20/2030		469,153
		Horizon Aircraft Finance III, Ltd.
	994,048	Series 2019-2(g)	3.43%	11/15/2026		990,471
		HPLY Trust
	650,159	Series 2019-HIT(e)(g)	1M US L + 3.15%	11/15/2021		650,970
	1,295,661	Series 2019-HIT(e)(g)	1M US L + 3.90%	11/15/2021		1,297,277
		HPS Loan Management, Ltd.
	500,000	Series 2017-17(e)(g)	3M US L + 1.26%	05/06/2030		499,179
		HSI Asset Loan Obligation Trust
	12,198	Series 2007-2	5.50%	09/25/2037		11,075
		IMT Trust
	360,000	Series 2017-APTS(e)(g)	1M US L + 1.10%	06/15/2034		359,518
		IndyMac IMJA Mortgage Loan Trust
	1,222,123	Series 2007-A1	6.00%	08/25/2037		839,229
		IndyMac IMSC Mortgage Loan Trust
	4,751,473	Series 2007-F2	6.50%	07/25/2037		2,694,268
		IndyMac Index Mortgage Loan Trust
	1,859,592	Series 2005-AR31(e)	3.81%	01/25/2036		1,780,493
	1,091,502	Series 2005-AR35(e)	3.59%	02/25/2036		991,750
	2,749,306	Series 2006-AR25(e)	3.49%	09/25/2036		2,630,643
		Invitation Homes
	995,000	Series 2018-SFR1(e)(g)	1M US L + 1.25%	03/17/2020		993,974
	650,000	Series 2018-SFR1(e)(g)	1M US L + 1.45%	03/17/2020		649,670
		JOL Air, Ltd.
	936,987	Series 2019-1(g)	3.97%	04/15/2026		951,530
		JP Morgan Alternative Loan Trust
	293,319	Series 2005-S1	6.00%	12/25/2035		274,421
	3,870	Series 2006-S1	5.00%	02/25/2021		3,795
	170,948	Series 2006-S3(m)	6.12%	08/25/2036		164,655
		JP Morgan BB Commercial Mortgage Securities Trust
	400,000	Series 2014-C21(e)	4.66%	07/15/2024		413,649
	867,000	Series 2014-C23(e)(g)	3.36%	10/15/2024		738,237
	388,000	Series 2014-C26(e)	4.37%	12/15/2024		408,097
	5,074,699	Series 2015-C28(e)(l)(n)	1.06%	03/15/2025		185,780
	542,000	Series 2015-C28	3.99%	03/15/2025		564,227
	8,952,306	Series 2015-C30(e)(l)(n)	0.52%	07/15/2025		220,417
	3,781,358	Series 2015-C31(e)(l)(n)	0.91%	08/15/2025		141,997
	414,000	Series 2016-C1(e)	4.74%	02/15/2026		440,280
		JP Morgan Chase Commercial Mortgage Securities Trust
	72,885	Series 2006-LDP8(e)(l)(n)	0.30%	05/15/2045		23
	4,000,000	Series 2007-CH1(m)	4.89%	11/25/2036		4,270,954

Principal Amount/Description			Rate	Maturity	Value
$	1,157,000	Series 2011-C3(e)(g)	5.66%	03/15/2021	$	1,125,783
	2,483,537	Series 2012-C8(e)(l)(n)	1.76%	09/15/2022		95,515
	1,000,000	Series 2014-C20(e)(g)	4.60%	06/15/2024		934,436
	119,000	Series 2016-JP2(e)	3.79%	07/15/2026		120,335
	1,010,000	Series 2018-WPT(g)	5.54%	07/05/2023		1,040,664
	887,000	Series 2019-COR4(e)	4.44%	12/10/2028		966,264
	704,000	Series 2019-MFP(e)(g)	1M US L + 3.00%	07/15/2021		706,863
	235,000	Series 2019-UES(g)	4.34%	05/05/2024		247,661
	1,135,000	Series 2019-UES(e)(g)	4.45%	05/05/2024		1,142,411
		JP Morgan Mortgage Acquisition Corp.
	286,696	Series 2006-CH2(m)	5.46%	09/25/2029		229,023
		JP Morgan Mortgage Trust
	1,136,954	Series 2007-S3	6.00%	07/25/2037		926,434
		JP Morgan Resecuritization Trust
	1,254,226	Series 2011-1(e)(g)	6.00%	06/26/2037		1,165,488
		LB-UBS Commercial Mortgage Trust
	434,402	Series 2006-C7(e)(g)(l)(n)	0.71%	11/15/2038		106
		LCM 28, Ltd.
	1,000,000	Series 2018-28A(e)(g)	3M US L + 5.75%	10/20/2030		950,646
		LCM Loan Income Fund I Income Note Issuer, Ltd.
	500,000	Series 2018-27A(e)(g)	3M US L + 5.60%	07/16/2031		459,541
		LCM XIV LP
	1,000,000	Series 2018-14A(e)(g)	3M US L + 2.75%	07/20/2031		937,198
	750,000	Series 2018-14A(e)(g)	3M US L + 5.50%	07/20/2031		667,329
		LCM XVII LP
	1,000,000	Series 2018-17A(e)(g)	3M US L + 6.00%	10/15/2031		872,220
		LCM XX LP
	1,000,000	Series 2018-20A(e)(g)	3M US L + 5.45%	10/20/2027		966,264
		Lehman Mortgage Trust
	5,357,106	Series 2006-1(e)	5.33%	02/25/2036		5,396,230
	607,549	Series 2006-6	5.50%	10/25/2036		523,231
	3,891,592	Series 2006-7(e)	1M US L + 0.25%	11/25/2036		304,204
	3,891,592	Series 2006-7(e)(l)(n)	7.75% - 1M US L	11/25/2036		720,552
	1,426,128	Series 2006-8(e)	1M US L + 0.42%	12/25/2036		497,102
	1,426,128	Series 2006-8(e)(l)(n)	6.58% - 1M US L	12/25/2036		354,269
	703,804	Series 2007-10	6.00%	01/25/2038		735,311
	326,557	Series 2007-10	6.50%	01/25/2038		208,091
		Lehman XS Trust
	69,521	Series 2006-5(m)	5.89%	04/25/2036		68,342
		LoanCore Issuer, Ltd.
	1,193,000	Series 2019-CRE3(e)(g)	1M US L + 2.50%	04/15/2024		1,197,172
		MACH 1 Cayman 2019-1, Ltd.
	1,480,469	Series 2019-1(g)	3.47%	08/15/2026		1,484,183
		Madison Park Funding XIV, Ltd.
	1,000,000	Series 2018-14A(e)(g)	3M US L + 2.95%	10/22/2030		977,672
	1,000,000	Series 2018-14A(e)(g)	3M US L + 5.80%	10/22/2030		939,592
		MBRT 2019-MBR
	584,000	Series 2019-MBR(e)(g)	1M US L + 2.54949%	11/25/2021		583,836
	1,406,000	Series 2019-MBR(e)(g)	1M US L + 2.90%	11/25/2021		1,399,255
		Mello Warehouse Securitization Trust
	750,000	Series 2019-1(e)(g)	1M US L + 5.50%	05/14/2021		752,830
		Merrill Lynch Alternative Note Asset Trust
	746,826	Series 2007-F1	6.00%	03/25/2037		225,655

Principal Amount/Description			Rate	Maturity	Value
		Morgan Stanley Bank of America Merrill Lynch Trust
$	3,247,790	Series 2012-C5(e)(g)(l)(n)	1.44%	07/15/2022	$	94,930
	450,000	Series 2014-C19	4.00%	12/15/2024		464,309
	380,000	Series 2015-C25(e)	4.53%	09/15/2025		406,025
	350,000	Series 2015-C27(e)	4.53%	11/15/2025		359,828
		Morgan Stanley Capital I Trust
	2,957,936	Series 2011-C1(e)(g)(l)(n)	0.34%	09/15/2020		7,130
	1,375,510	Series 2016-UB11 XA(e)(l)(n)	1.62%	08/15/2026		101,935
	1,000,000	Series 2018-SUN(e)(g)	1M US L + 3.05%	07/15/2020		1,003,428
		Morgan Stanley Mortgage Loan Trust
	2,103,733	Series 2005-3AR(e)	3.99%	07/25/2035		1,972,903
	3,651,822	Series 2006-11	6.00%	08/25/2036		3,325,842
	952,906	Series 2006-7(e)	5.04%	06/25/2036		802,976
	1,043,289	Series 2006-7	6.00%	06/25/2036		879,136
	423,020	Series 2007-3XS(m)	5.70%	01/25/2047		241,636
		Morgan Stanley Re-REMIC Trust
	275,694	Series 2011-R1(e)(g)	5.94%	02/26/2037		293,647
		Mosaic Solar Loan Trust
	139,198	Series 2017-1A(g)	4.45%	06/20/2042		144,682
	514,966	Series 2018-1A(g)	4.01%	08/20/2030		529,149
	733,438	Series 2018-2GS(g)	4.20%	10/21/2030		760,232
		MRCD 2019-MARK Mortgage Trust
	614,000	Series 2019-PARK(g)	2.72%	12/15/2024		559,587
		MSCG Trust
	2,154,000	Series 2018-SELF(e)(g)	1M US L + 3.05%	10/15/2020		2,161,733
		Navient Private Education Refi Loan Trust
	500,000	Series 2018-A(g)	3.68%	11/17/2025		509,387
		New Residential Mortgage Loan Trust
	3,967,038	Series 2019-RPL1(g)(m)	4.34%	02/26/2024		3,989,745
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	1,239,887	Series 2005-AP3(e)	5.32%	08/25/2035		802,485
		OCTAGON INVESTMENT PARTNERS 20-R, Ltd.
	1,000,000	Series 2019-4A(e)(g)	3M US L + 6.80%	05/12/2031		1,001,618
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A(e)(g)	3M US L + 8.09%	07/15/2030		869,184
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A(e)(g)	3M US L + 2.85%	07/25/2030		475,804
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 3.00%	07/17/2030		478,471
	1,000,000	Series 2018-1A(e)(g)	3M US L + 5.75%	07/17/2030		913,118
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A(e)(g)	3M US L + 7.00%	02/14/2031		995,272
		Octagon Investment Partners XXII, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 5.45%	01/22/2030		449,046
		OHA Credit Funding 1, Ltd.
	500,000	Series 2018-1A(e)(g)	3M US L + 3.05%	10/20/2030		490,428
		OHA Credit Funding 3, Ltd.
	1,000,000	Series 2019-3A(e)(g)	3.55% - 3M US L	07/20/2032		1,002,753

Principal Amount/Description			Rate	Maturity	Value
		One Market Plaza Trust
$	688,000	Series 2017-1MKT(g)	4.14%	02/10/2024	$	690,084
		PHH Alternative Mortgage Trust
	1,047,025	Series 2007-2	6.00%	05/25/2037		974,290
		PR Mortgage Loan Trust
	10,594,957	Series 2014-1(e)(g)	5.90%	09/25/2047		10,296,572
		Pretium Mortgage Credit Partners I LLC
	792,998	Series 2019-NPL2(g)(m)	3.84%	12/25/2058		795,493
		Prime Mortgage Trust
	43,091	Series 2006-1	5.50%	06/25/2036		44,354
	86,377	Series 2006-DR1(g)	5.50%	05/25/2035		75,843
		Primose Funding LLC
	1,000,000	Series 2019-1A(g)	4.48%	07/30/2026		1,014,901
		RBSGC Structured Trust
	203,715	Series 2008-B(g)	6.00%	06/25/2037		202,406
		Residential Accredit Loans, Inc.
	1,697,716	Series 2005-QS17	6.00%	12/25/2035		1,662,781
	4,375,148	Series 2006-QA5(e)	1M US L + 0.22%	07/25/2036		2,702,218
	2,427,480	Series 2006-QS10	6.50%	08/25/2036		2,401,217
	903,696	Series 2006-QS4	6.00%	04/25/2036		872,841
	1,412,132	Series 2006-QS6	6.00%	06/25/2036		1,348,992
	1,542,265	Series 2006-QS7	6.00%	06/25/2036		1,434,099
	81,080	Series 2006-QS7(e)	1M US L + 0.40%	06/25/2036		62,068
	243,240	Series 2006-QS7(e)(l)(n)	5.60% - 1M US L	06/25/2036		34,977
	102,682	Series 2006-QS8(e)	1M US L + 0.45%	08/25/2036		81,423
	308,047	Series 2006-QS8(e)(l)(n)	5.55% - 1M US L	08/25/2036		41,586
	2,257,839	Series 2007-QS3	6.50%	02/25/2037		2,124,198
	66,757	Series 2007-QS6	6.25%	04/25/2037		64,244
	9,406	Series 2007-QS6(e)	55.00% - 8.33 x 1M US L	04/25/2037		19,684
	3,217,780	Series 2007-QS9	6.50%	07/25/2037		3,058,315
	331,999	Series 2008-QR1	6.00%	08/25/2036		287,923
		Residential Asset Securitization Trust
	502,025	Series 2006-A1	6.00%	04/25/2036		397,696
	1,056,034	Series 2006-A2	6.00%	05/25/2036		744,493
	905,720	Series 2006-A6	6.50%	07/25/2036		405,106
	360,121	Series 2006-A8	6.00%	08/25/2036		311,578
	153,620	Series 2006-A8	6.50%	08/25/2036		78,470
	325,129	Series 2006-A8(e)(l)(n)	5.90% - 1M US L	08/25/2036		86,442
	1,520,530	Series 2007-A1	6.00%	03/25/2037		886,433
	78,629	Series 2007-A6	6.00%	06/25/2037		67,632
	2,762,593	Series 2007-A7	6.00%	07/25/2037		1,688,740
		Residential Funding Mortgage Securities I Trust
	891,351	Series 2006-S3	5.50%	03/25/2036		862,222
	1,616,576	Series 2006-S6	6.00%	07/25/2036		1,603,657
	359,948	Series 2007-S3	6.00%	03/25/2037		336,412
	279,106	Series 2007-S6	6.00%	06/25/2037		260,803
		Sequoia Mortgage Trust
	2,047,426	Series 2007-3(e)	3.99%	07/20/2037		1,930,300
		SERVPRO Master Issuer LLC
	500,000	Series 2019-1A(g)	3.88%	10/25/2026		503,266
		SLIDE
	3,147,705	Series 2018-FUN(e)(g)	1M US L + 3.00%	06/15/2021		3,162,643
		SMB Private Education Loan Trust
	500,000	Series 2018-B(e)(g)	1M US L + 0.72%	08/15/2027		499,587

Principal Amount/Description			Rate	Maturity	Value
		SoFi Consumer Loan Program, LLC
$	42,978	Series 2017-2(g)	3.28%	02/25/2026	$	43,151
		Sofi Professional Loan Program 2018-A LLC
	32,412	Series 2018-A(g)	0.00%	02/25/2042		2,419,000
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D(g)	3.61%	09/25/2040		305,491
	56,760	Series 2019-B(g)	0.00%	08/17/2048		2,098,511
		Sprite, Ltd.
	342,238	Series 2017-1(g)	4.25%	12/15/2024		346,940
		Stack Infrastructure Issuer LLC
	991,667	Series 2019-1A(g)	4.54%	02/26/2024		1,038,752
	750,000	Series 2019-2A(g)	3.08%	10/25/2024		749,482
		Start, Ltd.
	747,204	Series 2018-1(g)	4.09%	05/15/2025		763,627
	1,183,036	Series 2019-1(g)	4.09%	03/15/2026		1,207,583
	4,400,000	Stru Jpm-2411 Coll	2.26%	01/25/2030		4,339,280
		Structured Adjustable Rate Mortgage Loan Trust
	790,523	Series 2005-15(e)	3.99%	07/25/2035		630,877
		Structured Asset Securities Corp.
	215,838	Series 2005-RF1(e)(g)	1M US L + 0.35%	03/25/2035		197,465
	217,057	Series 2005-RF1(e)(g)(l)(n)	3.19%	03/25/2035		33,598
		Sunrun Atlas Issuer 2019-2 LLC
	1,250,000	Series 2019-2(g)	3.61%	10/30/2027		1,244,538
		TAL Advantage, LLC
	728,413	Series 17-1A(g)	4.50%	04/20/2042		739,402
		TBW Mortgage-Backed Trust
	1,368,396	Series 2006-2	7.00%	07/25/2036		438,587
		Textainer Marine Containers V, Ltd.
	759,236	Series 2017-1A(g)	3.72%	01/20/2026		762,304
		Textainer Marine Containers VII, Ltd.
	473,333	Series 2019-1A(g)	3.96%	10/20/2026		477,019
		Thunderbolt II Aircraft Lease, Ltd.
	4,553,571	Series 2018-A(g)(m)	5.07%	09/15/2038		4,586,439
		TRIP Rail Master Funding, LLC
	259,798	Series 2017-1A(g)	2.71%	07/15/2021		260,156
		UBS Commercial Mortgage Trust
	464,000	Series 2017-C6(e)	4.15%	12/15/2027		490,431
	656,000	Series 2017-C7(e)	4.59%	01/15/2028		692,108
		UBS-Barclays Commercial Mortgage Trust
	839,000	Series 2013-C5(e)(g)	4.08%	02/10/2023		805,375
		Vantage Data Centers Issuer, LLC
	736,250	Series 2018-1A(g)	4.07%	02/15/2023		759,428
		VB-S1 Issuer, LLC
	3,000,000	Series 2018-1A(g)	5.25%	02/15/2023		3,014,670
		Velocity Commercial Capital Loan Trust
	3,849,008	Series 2017-2(e)(g)	3.07%	07/25/2026		3,871,374
	768,085	Series 2018-2(e)(g)	4.05%	09/25/2024		780,761
	1,379,849	Series 2019-1(e)(g)	3.94%	01/25/2027		1,404,201
	397,711	Series 2019-1(e)(g)	4.01%	07/25/2027		404,959
	394,913	Series 2019-1(e)(g)	4.12%	11/25/2027		401,962
		Vericrest Opportunity Loan Trust
	860,347	Series 2019-NPL3(g)(m)	3.97%	03/25/2022		866,913

Principal Amount/Description			Rate	Maturity	Value
		Wachovia Bank Commercial Mortgage Trust
$	44,106	Series 2006-C29(e)(l)(o)	0.31%	11/15/2048	$	0
		Wachovia Mortgage Loan Trust, LLC Series Trust
	760,599	Series 2005-B(e)	4.25%	10/20/2035		755,567
		Washington Mutual Alternative Mortgage Pass-Through Certificates
	1,474,234	Series 2005-1	6.00%	03/25/2035		1,503,312
	61,031	Series 2005-9	5.50%	11/25/2035		53,966
	466,495	Series 2006-5	6.00%	07/25/2036		422,234
		Washington Mutual Mortgage Pass-Through Certificates Trust
	884,315	Series 2006-2	6.00%	03/25/2036		898,027
		WAVE 2019-1 LLC
	982,100	Series 2019-1(g)	3.60%	09/15/2027		969,823
		WAVE LLC
	968,800	Series 2019-1(g)	6.41%	09/15/2027		962,987
		Wells Fargo Alternative Loan Trust
	531,015	Series 2007-PA2(e)	1M US L + 0.43%	06/25/2037		441,139
	531,015	Series 2007-PA2(e)(l)(n)	6.07% - 1M US L	06/25/2037		65,944
	203,029	Series 2007-PA3	5.75%	07/25/2037		197,785
	702,672	Series 2007-PA3	6.25%	07/25/2037		677,486
	3,643,539	Series 2007-PA5	6.25%	11/25/2037		3,626,206
		Wells Fargo Commercial Mortgage Trust
	158,000	Series 2014-LC16(g)	3.94%	06/15/2024		123,878
	420,000	Series 2015-C31(e)	4.61%	11/15/2025		443,492
	380,000	Series 2015-NXS3(e)	4.49%	09/15/2025		399,960
	420,000	Series 2015-NXS4(e)	4.60%	11/15/2025		448,342
	655,000	Series 2015-SG1	4.05%	08/15/2025		694,482
	1,000,000	Series 2016-C33(g)	3.12%	03/15/2059		922,699
	5,628,945	Series 2016-C37(e)(g)(l)(n)	1.60%	12/15/2049		428,456
	695,000	Series 2016-LC25(e)	4.42%	11/15/2026		750,579
	518,000	Series 2018-C45	4.73%	06/15/2028		549,948
	165,000	Series 2018-C46(e)	4.98%	08/15/2051		180,690
	523,000	Series 2018-C47(e)	4.94%	10/15/2028		563,097
	436,000	Series 2018-C48(e)	5.12%	12/15/2028		486,402
	901,000	Series 2019-C49	4.55%	02/15/2029		985,755
	901,000	Series 2019-C49(e)	4.87%	02/15/2029		970,534
		WF-RBS Commercial Mortgage Trust
	2,046,215	Series 2012-C9(e)(g)(l)(n)	1.90%	11/15/2045		87,612
	3,600,179	Series 2014-C21(e)(l)(n)	1.04%	08/15/2047		138,271
	4,358,113	Series 2014-C22(e)(l)(n)	0.81%	09/15/2057		132,989
	2,621,440	Zephyrus Capital Aviation Tl	4.61%	10/15/2038		2,631,016
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $402,448,991)						399,189,850
U.S. GOVERNMENT BONDS AND NOTES - 7.59%
	8,990,000	U.S. Treasury Bonds	2.38%	05/15/2027		9,315,854
	8,605,000	U.S. Treasury Bonds	2.25%	08/15/2027		8,841,539
	7,740,000	U.S. Treasury Bonds	2.25%	11/15/2027		7,951,635
	2,996,183	U.S. Treasury Bonds	0.88%	01/15/2029		3,182,687
	3,420,000	U.S. Treasury Bonds	2.38%	05/15/2029		3,552,596
	640,000	U.S. Treasury Bonds	2.75%	11/15/2042		682,434

Principal Amount/Description			Rate	Maturity	Value
$	4,930,000	U.S. Treasury Bonds	3.13%	02/15/2043	$	5,586,635
	3,940,000	U.S. Treasury Bonds	3.63%	08/15/2043		4,827,648
	3,870,000	U.S. Treasury Bonds	3.75%	11/15/2043		4,835,528
	11,010,000	U.S. Treasury Bonds	2.75%	11/15/2047		11,796,751
	4,640,000	U.S. Treasury Notes	2.75%	08/15/2021		4,724,763
	10,760,000	U.S. Treasury Notes	2.88%	10/15/2021		11,001,098
	12,075,000	U.S. Treasury Notes	1.75%	11/30/2021		12,111,336
	4,140,000	U.S. Treasury Notes	2.50%	01/15/2022		4,214,480
	7,000,000	U.S. Treasury Notes	2.63%	02/28/2023		7,213,742
	7,500,000	U.S. Treasury Notes	2.50%	03/31/2023		7,704,818
	7,350,000	U.S. Treasury Notes	2.75%	04/30/2023		7,612,755
	4,550,000	U.S. Treasury Notes	1.63%	05/31/2023		4,548,005
	7,750,000	U.S. Treasury Notes	2.13%	09/30/2024		7,899,257
	8,475,000	U.S. Treasury Notes	2.25%	10/31/2024		8,690,418
	4,050,000	U.S. Treasury Notes	2.75%	02/28/2025		4,256,130
	6,820,000	U.S. Treasury Notes	3.00%	09/30/2025		7,279,027
	915,000	U.S. Treasury Notes	2.63%	01/31/2026		958,931
	7,903,404	United States Treasury Inflation Indexed Bonds	0.13%	10/15/2024		7,950,362
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $153,766,828)						156,738,429
MUNICIPAL BONDS - 0.02%
	120,000	Missouri Highway & Transportation Commission, Revenue Bonds	5.06%	05/01/2024		133,961
	165,000	State of California, General Obligation Bonds	7.55%	04/01/2039		264,983
TOTAL MUNICIPAL BONDS
(Cost $368,589)						398,944
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 11.81%
		Banc of America Funding 2007-A Trust
	3,608,893	Series 2007-A(e)	1M US L + 0.21%	02/20/2047		3,309,251
		Chase Mortgage Finance Trust Series 2007-S4
	5,964,398	Series 2007-S4	6.00%	06/25/2037		4,546,697
		Connecticut Avenue Securities Trust
	5,000,000	Series 2019-R05(e)(g)	1M US L + 4.10%	07/25/2039		5,253,685
		Fannie Mae Pool
	5,500,000	Series 2019-	2.14%	10/01/2029		5,362,076
	3,000,000	Series 2019-	2.37%	12/01/2029		2,979,677
	2,944,954	Series 2019-	3.00%	07/01/2034		3,032,621
		Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates
	16,100,000	Series 2013-K713(g)(l)(n)	0.10%	05/20/2020		485
	7,400,000	Series 2013-K713(g)(i)	0.00%	05/25/2020		7,264,720
		Federal Home Loan Mortgage Corp. Pool
	256,109	Series Pool #G01840	5.00%	07/01/2035		282,706
	95,961	Series Pool #G04817	5.00%	09/01/2038		105,861

Principal Amount/Description			Rate	Maturity	Value
		Federal Home Loan Mortgage Corp. REMICS
$	1,228,387	Series 2003-2722(e)	9.89% - 1M US L	12/15/2033	$	1,465,954
	237,966	Series 2005-R003	5.50%	10/15/2035		266,744
	1,723,410	Series 2006-3244(e)(l)(n)	6.66% - 1M US L	11/15/2036		366,401
	83,759	Series 2007-3261(e)	6.43% - 1M US L	01/15/2037		15,162
	199,215	Series 2007-3262(e)(l)(n)	6.40% - 1M US L	01/15/2037		25,371
	773,544	Series 2007-3301(e)(l)(n)	6.10% - 1M US L	04/15/2037		143,299
	580,255	Series 2007-3303(e)(l)(n)	6.10% - 1M US L	04/15/2037		107,208
	177,955	Series 2007-3382(e)(l)(n)	6.00% - 1M US L	11/15/2037		18,774
	482,522	Series 2007-3384(e)(l)(n)	6.31% - 1M US L	08/15/2036		88,196
	188,973	Series 2007-3384(e)(l)(n)	6.39% - 1M US L	11/15/2037		22,748
	221,619	Series 2008-3417(e)(l)(n)	6.18% - 1M US L	02/15/2038		22,877
	236,825	Series 2008-3423(e)(l)(n)	5.65% - 1M US L	03/15/2038		26,752
	4,628,549	Series 2008-3423(e)(l)(n)	6.00% - 1M US L	03/15/2038		46,873
	1,699,042	Series 2009-3510(e)(l)(n)	6.75% - 1M US L	02/15/2037		316,996
	413,779	Series 2009-3523(e)(l)(n)	6.00% - 1M US L	04/15/2039		65,057
	82,215	Series 2009-3524	3.57%	06/15/2038		84,720
	14,368	Series 2009-3549(e)(l)	5.80% - 1M US L	07/15/2039		1,563
	987,048	Series 2009-3560(e)(l)(n)	6.40% - 1M US L	11/15/2036		126,618
	390,898	Series 2010-3641	4.50%	03/15/2040		424,434
	489,772	Series 2010-3726(e)(l)(n)	6.05% - 1M US L	09/15/2040		75,591
	2,465,496	Series 2010-3728(e)(l)(n)	4.45% - 1M US L	09/15/2040		231,321
	750,000	Series 2010-3779	3.50%	12/15/2030		784,624
	154,232	Series 2010-3779	4.00%	12/15/2030		163,371
	483,128	Series 2010-3779	4.50%	12/15/2040		530,974
	78,997	Series 2011-3786(e)	9.50% - 1M US L	01/15/2041		87,707
	1,233,587	Series 2011-3795	4.00%	01/15/2041		1,299,892
	69,792	Series 2011-3798(e)	9.50% - 1M US L	11/15/2040		74,647
	511,824	Series 2011-3808	3.50%	02/15/2031		528,641
	39,198	Series 2011-3809(e)	9.50% - 1M US L	02/15/2041		41,979
	889,971	Series 2011-3815(e)(l)(n)	5.85% - 1M US L	02/15/2041		130,213
	426,504	Series 2011-3824	3.50%	03/15/2031		449,064
	487,562	Series 2011-3824(e)(l)(n)	7.10% - 1M US L	08/15/2036		105,409
	556,133	Series 2011-3863	5.50%	08/15/2034		609,548
	646,114	Series 2011-3864(e)	9.20% - 1M US L	05/15/2041		749,466
	617,236	Series 2011-3871	5.50%	06/15/2041		708,107
	594,402	Series 2011-3872(e)(l)(n)	5.95% - 1M US L	06/15/2041		81,227
	3,031,169	Series 2011-3910	5.00%	08/15/2041		3,402,135
	2,761,530	Series 2011-3924(e)(l)(n)	6.00% - 1M US L	09/15/2041		359,297
	307,762	Series 2011-3925(l)(n)	3.00%	09/15/2021		5,455
	3,754,672	Series 2012-3(e)(l)(n)	5.95% - 1M US L	02/25/2042		676,846
	4,047,557	Series 2012-4057	4.00%	06/15/2042		4,391,278
	3,587,024	Series 2013-4170(e)	4.05% - 1M US L	01/15/2033		3,512,110
	10,586,245	Series 2013-4218	2.50%	02/15/2043		10,168,387
	7,053,317	Series 2013-4239(i)	0.00%	07/15/2043		5,555,537
	4,777,666	Series 2014-4413	3.50%	11/15/2044		4,951,260
	3,467,491	Series 2015-4434	3.00%	02/15/2045		3,462,601
	3,384,885	Series 2015-4440	2.50%	02/15/2045		3,241,550
		Federal Home Loan Mortgage Corp. Strips
	2,588,634	Series 2017-358	3.00%	10/15/2047		2,622,321
		Federal National Mortgage Association Pool
	71,418	Series Pool #555743	5.00%	09/01/2033		78,749
	86,720	Series Pool #735382	5.00%	04/01/2035		95,642
	233,162	Series Pool #735383	5.00%	04/01/2035		257,064
	157,166	Series Pool #735484	5.00%	05/01/2035		173,286

Principal Amount/Description			Rate	Maturity	Value
$	75,140	Series Pool #AH4437	4.00%	01/01/2041	$	77,907
	4,039,638	Series Pool #BM4094	3.00%	10/01/2046		4,063,435
	8,213,633	Series Pool #BM5299	3.00%	12/01/2046		8,409,059
	4,032,616	Series Pool #CA1875	3.50%	06/01/2048		4,177,188
	10,941,738	Series Pool #MA2777	3.00%	03/01/2043		11,269,546
		Federal National Mortgage Association REMICS
	81,790	Series 2004-46(e)	6.00% - 1M US L	03/25/2034		8,361
	274,242	Series 2006-101(e)(l)	6.58% - 1M US L	10/25/2036		51,494
	811,027	Series 2006-123(e)(l)	6.32% - 1M US L	01/25/2037		151,754
	3,936,904	Series 2006-92(e)(l)(n)	6.58% - 1M US L	10/25/2036		703,893
	94,665	Series 2007-102(e)(l)	6.40% - 1M US L	11/25/2037		16,450
	82,970	Series 2007-108(e)(l)	6.36% - 1M US L	12/25/2037		9,088
	18,058	Series 2007-30(e)(l)	6.11% - 1M US L	04/25/2037		1,974
	379,532	Series 2007-38(e)(l)(n)	6.08% - 1M US L	05/25/2037		39,998
	11,781	Series 2007-51(e)(l)	6.10% - 1M US L	06/25/2037		1,064
	42,291	Series 2007-53(e)(l)	6.10% - 1M US L	06/25/2037		4,835
	544,030	Series 2007-57(e)(l)(n)	6.62% - 1M US L	10/25/2036		90,010
	108,605	Series 2007-68(e)(l)(n)	6.65% - 1M US L	07/25/2037		12,794
	651,588	Series 2008-3(e)(l)	6.46% - 1M US L	02/25/2038		132,880
	241,640	Series 2008-56(e)(l)(n)	6.06% - 1M US L	07/25/2038		29,506
	35,898	Series 2008-81	5.50%	09/25/2038		38,882
	352,830	Series 2009-111	5.00%	01/25/2040		385,968
	168,239	Series 2009-111(e)(l)(n)	6.25% - 1M US L	01/25/2040		21,094
	997,986	Series 2009-12(e)(l)(n)	6.60% - 1M US L	03/25/2036		161,918
	33,729	Series 2009-28(e)	6.00% - 1M US L	04/25/2037		4,036
	421,062	Series 2009-41	4.50%	06/25/2039		439,388
	92,616	Series 2009-42(e)(l)	6.00% - 1M US L	06/25/2039		12,424
	224,804	Series 2009-47(e)(l)(n)	6.10% - 1M US L	07/25/2039		21,416
	120,491	Series 2009-62(e)(l)	6.10% - 1M US L	08/25/2039		11,469
	66,228	Series 2009-66(e)	5.80% - 1M US L	02/25/2038		8,294
	49,128	Series 2009-68(e)(l)	5.25% - 1M US L	09/25/2039		3,624
	287,327	Series 2010-11(e)(l)(n)	4.80% - 1M US L	02/25/2040		24,037
	41,873	Series 2010-111(e)(l)	6.00% - 1M US L	10/25/2040		3,646
	131,647	Series 2010-112	4.00%	10/25/2040		135,232
	174,404	Series 2010-115(e)(l)(n)	6.60% - 1M US L	11/25/2039		24,369
	2,044,114	Series 2010-115(e)(l)(n)	6.00% - 1M US L	10/25/2040		363,089
	4,769,317	Series 2010-123(e)(l)(n)	6.05% - 1M US L	11/25/2040		875,838
	812,652	Series 2010-15(e)(l)(n)	4.95% - 1M US L	03/25/2040		102,581
	120,126	Series 2010-34(e)(l)	4.93% - 1M US L	04/25/2040		12,708
	69,263	Series 2010-4(e)(l)	6.23% - 1M US L	02/25/2040		10,755
	98,426	Series 2010-58(e)	12.47% - 1M US L	06/25/2040		115,209
	3,249,951	Series 2010-75	4.50%	07/25/2040		3,479,463
	247,684	Series 2010-9(e)(l)(n)	4.75% - 1M US L	02/25/2040		18,670
	57,781	Series 2010-9(e)	5.30% - 1M US L	02/25/2040		6,709
	14,759	Series 2010-90(e)(l)	6.00% - 1M US L	08/25/2040		1,611
	433,370	Series 2011-16	3.50%	03/25/2031		453,133
	672,209	Series 2011-25	3.00%	04/25/2026		683,883
	449,062	Series 2011-29	3.50%	04/25/2031		462,185
	275,241	Series 2011-48(e)	9.20% - 1M US L	06/25/2041		291,537
	477,272	Series 2011-5(e)(l)(n)	6.40% - 1M US L	11/25/2040		38,438
	3,792,135	Series 2012-106(e)(l)(n)	6.16% - 1M US L	10/25/2042		652,942
	1,194,654	Series 2012-124(e)	7.79% - 1M US L	11/25/2042		1,243,064
	9,795,601	Series 2012-128(e)	6.00% - 1M US L	11/25/2042		9,330,269
	228,265	Series 2012-29(e)(l)(n)	6.00% - 1M US L	04/25/2042		29,829
	883,129	Series 2012-32(l)	5.00%	04/25/2042		140,733
	3,822,124	Series 2012-65(e)(l)(n)	5.98% - 1M US L	06/25/2042		635,908
	3,290,061	Series 2013-19(e)	5.40% - 1M US L	03/25/2043		3,134,338

Principal Amount/Description			Rate	Maturity	Value
$	9,646,208	Series 2013-51(e)	5.40% - 1M US L	04/25/2043	$	8,963,274
	1,981,959	Series 2015-59	3.00%	06/25/2041		2,001,336
	10,291,466	Series 2015-79	3.00%	11/25/2045		10,394,177
	1,793,210	Series 2015-9	3.00%	01/25/2045		1,835,014
	18,080,381	Series 2016-72	3.00%	10/25/2046		17,126,692
	3,316,879	Series 2018-21(i)	0.00%	04/25/2048		2,800,671
	2,572,613	Series 2018-27	3.00%	12/25/2047		2,592,063
	2,953,567	Series 2018-36	3.00%	06/25/2048		3,026,656
	4,455,491	Series 2019-12	3.00%	04/25/2049		4,563,891
		FMC GMSR Issuer Trust
	500,000	Series 2019-GT1(e)(g)	5.66%	05/25/2024		512,300
	5,000,000	Series 2019-GT2(e)(g)	4.72%	09/25/2024		4,962,763
		Freddie Mac Pool
	5,330,445	Series 2019-	3.00%	08/01/2034		5,489,253
	2,987,333	Series 2019-	3.00%	11/01/2039		3,054,800
		Freddie Mac REMICS
	2,943,413	Series 2019-4934	2.50%	11/15/2040		2,945,342
		Government National Mortgage Association
	60,772	Series 2004-83(e)(l)	6.08% - 1M US L	10/20/2034		10,094
	52,479	Series 2008-6(e)(l)	6.46% - 1M US L	02/20/2038		9,048
	49,231	Series 2008-67(e)	6.00% - 1M US L	08/20/2038		7,512
	774,583	Series 2008-69(e)(l)(n)	7.63% - 1M US L	08/20/2038		164,130
	66,322	Series 2009-10(e)(l)	6.65% - 1M US L	02/16/2039		12,839
	995,578	Series 2009-35	4.50%	05/20/2039		1,079,684
	4,040,324	Series 2009-58(e)(l)(n)	6.25% - 1M US L	06/20/2039		586,095
	55,947	Series 2009-6(e)	5.95% - 1M US L	02/20/2038		5,734
	1,879,187	Series 2009-75	5.00%	09/20/2039		2,069,789
	4,511,184	Series 2010-121(e)(l)(n)	6.00% - 1M US L	09/20/2040		812,171
	77,342	Series 2010-61(e)	6.55% - 1M US L	09/20/2039		12,277
	146,983	Series 2010-98(e)(l)(n)	5.69%	03/20/2039		17,566
	640,893	Series 2011-69(i)	0.00%	05/20/2041		585,137
	1,906,686	Series 2011-71	4.50%	02/20/2041		2,043,074
	1,235,336	Series 2011-71(e)(l)(n)	5.40% - 1M US L	05/20/2041		196,023
	381,612	Series 2011-72(e)	6.15% - 1M US L	05/20/2041		65,473
	2,018,747	Series 2011-89(e)(l)(n)	5.45% - 1M US L	06/20/2041		295,616
	432,260	Series 2012-105(e)(l)(n)	6.20% - 1M US L	01/20/2041		18,506
	5,549,192	Series 2013-113(e)(l)(n)	6.25% - 1M US L	03/20/2043		752,100
	7,390,942	Series 2013-122(e)(l)(n)	6.10% - 1M US L	08/16/2043		1,317,393
	4,465,196	Series 2013-148(e)(l)(n)	5.68% - 1M US L	10/16/2043		748,220
	7,936,737	Series 2013-186(e)(l)(n)	6.25% - 1M US L	02/16/2043		1,068,960
	4,983,634	Series 2014-156(e)(l)(n)	6.25% - 1M US L	10/20/2044		814,495
	9,959,734	Series 2014-4(e)(l)(n)	6.10% - 1M US L	01/16/2044		1,763,632
	6,807,537	Series 2014-5(e)(l)(n)	6.15% - 1M US L	07/20/2043		904,223
	6,134,164	Series 2014-95(e)(l)(n)	6.25% - 1M US L	06/16/2044		1,139,568
	7,957,462	Series 2018-153(e)(l)(n)	6.15% - 1M US L	11/20/2048		1,139,181
	21,917,277	Series 2018-164(e)(l)(n)	6.10% - 1M US L	12/20/2048		3,048,829
	19,173,881	Series 2018-97(e)(l)(n)	6.20% - 1M US L	07/20/2048		3,009,791
	21,567,966	Series 2019-92(e)(l)(n)	6.10% - 1M US L	07/20/2049		2,848,839
		Mello Warehouse Securitization Trust 2019-2
	5,680,000	Series 2019-2(e)(g)	1M US L + 3.25%	10/25/2021		5,632,972

Principal Amount/Description			Rate	Maturity	Value
		Toorak Mortgage Corp., Ltd.
$	3,500,000	Series 2019-2(m)	4.21%	09/25/2022	$	3,509,364
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $293,182,644)						243,965,317

Shares/Description			Value
WARRANTS - 0.00%(b)
	219,520	Oas SA, Strike Price 1.00, Expires 05/16/2039(k)		0
TOTAL WARRANTS
(Cost $0)				0
SHORT-TERM INVESTMENTS - 19.11%
Money Market Fund - 18.90%
	390,404,950	State Street Institutional Trust (7 Day Yield 1.54%)		390,404,950

Principal Amount/Description			Rate	Maturity	Value
U.S. Treasury - 0.21%
	3,860,000	United States Treasury Bill(p)	1.54%	09/10/2020		3,819,065
	570,000	United States Treasury Bill(p)	1.54%	11/05/2020		562,678
						4,381,743
TOTAL SHORT-TERM INVESTMENTS
(Cost $394,785,535)						394,786,693
TOTAL INVESTMENTS-99.29%
(Cost $2,075,725,841)						2,051,437,748
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.71%						14,712,835
NET ASSETS - 100.00%					$	2,066,150,583

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

Libor Rates:

1M US L - 1 Month LIBOR as of December 31, 2019 was1.76%

3M US L - 3 Month LIBOR as of December 31, 2019 was1.91%

(a)	Less than 0.005%.
(b)	Non-income producing security.
(c)	Affiliated company. See Note 6 to Notes to Quarterly Schedule of Investments.
(d)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(e)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(f)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees. As of December 31, 2019, the aggregate fair value of those securities was $50,395,473, representing 2.44% of net assets.
(g)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $357,015,427, which represents approximately 17.28% of net assets as of December 31, 2019.
(h)	Pay-in-kind securities - Rate paid in-kind is shown in parenthesis.
(i)	Issued with a zero coupon. Income is recognized through the accretion of discount.
(j)	All or a portion of this position has not settled as of December 31, 2019. The interest rate shown represents the stated spread over the London Interbank Offered Rate ("LIBOR" or "L") or the Euro Interbank Offered Rate ("EURIBOR" or "E") or the applicable LIBOR/EURIBOR floor; the Fund will not accrue interest until the settlement date, at which point LIBOR/EURIBOR will be established.
(k)	The level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
(l)	Interest only security.
(m)	Step bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at December 31, 2019.
(n)	Interest only securities.
(o)	Security does not have a market value or rate. Security will not be entitled to distributions in respect of principal or interest other than excess interest paid with respect to the mortgage loans.
(p)	Rate shown represents the bond equivalent yield to maturity at date of purchase.

See Notes to Quarterly Schedule of Investments.

RiverNorth/Oaktree High Income Fund
SCHEDULE OF INVESTMENTS
December 31, 2019 (Unaudited)
Shares/Description			Value
CLOSED-END FUNDS - 16.22%
	16,571	BlackRock Debt Strategies Fund, Inc.	$	185,595
	19,114	BlackRock Floating Rate Income Strategies Fund, Inc.		256,892
	36,542	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		461,525
	18,324	Eaton Vance Floating-Rate Income Trust		251,405
	50,612	Eaton Vance Limited Duration Income Fund		670,609
	27,400	Highland Global Allocation Fund		255,916
	61,829	Highland Income Fund		768,534
	181,661	Invesco Senior Income Trust		779,326
	7,198	NexPoint Credit Strategies Fund		127,477
	170,928	Nuveen Credit Strategies Income Fund		1,311,018
	49,877	PGIM Global High Yield Fund, Inc.		749,152
	42,554	PGIM High Yield Bond Fund, Inc.		655,332
	18,484	Western Asset Emerging Markets Debt Fund, Inc.		263,767
	55,592	Western Asset Global High Income Fund, Inc.		557,032
	203,408	Western Asset High Income Opportunity Fund, Inc.		1,031,279
TOTAL CLOSED-END FUNDS
(Cost $8,012,995)				8,324,859
COMMON STOCKS - 0.05%
	947	DBI Investors, Inc.(a)(b)		3,987
	2,675	PHI Group, Inc.(b)		17,164
	629	Phi, Inc.(b)		4,036
	3,002	Ultra Petroleum Corp.(b)		318
TOTAL COMMON STOCKS
(Cost $265,093)				25,505
PREFERRED STOCKS - 0.19%
	116	DBI Investors Inc., 10.000%(a)(b)(c)(d)		117
	95	Sequa Corp., 7.000%(a)(b)(c)		95,000
TOTAL PREFERRED STOCKS
(Cost $106,039)				95,117

	Principal Amount/Description		Rate	Maturity	Value
BANK LOANS - 36.06%(e)
Canada - 0.58%
$	295,911	GFL Environmental, Inc., First Lien - Effective Date Incremental Term Loan	1M US L + 3.00%, 1.00% Floor	05/30/2025	296,888
Denmark - 0.68%
	229,305	Nets Holdco 4 ApS, First Lien - Facility B1E Term Loan	3M EUR L + 3.25%	02/06/2025	256,776

Principal Amount/Description			Rate	Maturity	Value
$	81,941	TDC A/S, First Lien - Facility B3 Term Loan	1M EUR L + 2.75%	06/04/2025	$	92,524
						349,300
Finland - 0.22%
	100,000	Mascot Bidco Oy, First Lien - Facility B Term Loan	3M EUR L + 4.50%	03/30/2026		112,116
France - 1.45%
	99,000	Altice France S.A., First Lien - USD TLB-13 Incremental Term Loan	1M US L + 4.00%	08/14/2026		99,382
	100,000	CAB, First Lien - Facility B Term Loan	3M EUR L + 3.75%	04/25/2026		112,675
	300,000	Constantin Investissement 4 S.A.S., First Lien - Facility B Term Loan	3M EUR L + 3.00%	04/22/2024		337,206
	195,000	Numericable U.S. LLC, First Lien - USD TLB-11 Term Loan	1M US L + 2.75%	07/31/2025		193,985
						743,248
Germany - 1.33%
	190,000	Alpha Group, SARL, First Lien - Facility B Term Loan	3M EUR L + 3.75%	01/31/2025		211,392
	120,000	Befesa S.A., First Lien - Facility B Term Loan	6M EUR L + 2.50%	07/09/2026		136,330
	157,130	CTC AcquiCo GmbH, First Lien - Facility B2 Term Loan	3M US L + 2.75%	03/07/2025		155,048
	59,149	EG Group Limited Tlb1, First Lien	L + 3.50%	07/31/2025		66,795
	100,000	Marcel Lux IV SARL, First Lien - Facility B2 (EUR) Term Loan	3M EUR L + 3.50%	03/16/2026		112,591
						682,156
Great Britain - 3.29%
	98,746	EG Group, Ltd., First Lien - Facility B (EUR) Term Loan	3M US L + 4.00%	02/07/2025		109,995
	175,772	Formula One Management, Ltd., First Lien - Facility B3 Term Loan	1M US L + 2.50%, 1.00% Floor	02/01/2024		176,898
	210,000	Franklin UK Midco, Ltd., First Lien - Facility B1 Term Loan	3M EUR L + 3.75%	12/18/2024		238,024
	130,000	Froneri International PLC, First Lien - Facility B3 Term Loan	2M US L + 2.75%	01/31/2025		172,630
	300,000	Genesis Specialist Care Finance UK, Ltd., First Lien - Facility B2 Term Loan	3M EUR L + 3.00%	10/30/2025		339,877
	181,182	Lernen Bidco, Ltd., First Lien - Facility B1 (EUR) Term Loan	6M EUR L + 4.25%	10/25/2025		205,417
	250,000	LGC Science Holdings, Ltd., First Lien - Facility B3 Term Loan	1M US L + 3.50%	03/08/2023		250,000
	149,837	Richmond UK Holdco, Ltd., First Lien - Facility B Term Loan	1M US L + 4.25%	03/03/2024		196,491
						1,689,332
Luxembourg - 0.93%
	147,000	Altice Financing S.A., First Lien - October 2017 USD Term Loan	1M US L + 2.75%	01/31/2026		146,541
	300,000	Neuraxpharm Holdco S.A.R.L., First Lien - Facility B2 Term Loan	3M EUR L + 3.75%	08/24/2023		331,464
						478,005
Netherlands - 1.38%
	39,600	NEP Group, Inc., First Lien - Initial Euro Term Loan	3M EUR L + 3.50%	10/20/2025		44,281
	283,418	Peer Holdings III B.V., First Lien - Facility B Term Loan	3M EUR L + 3.25%	03/07/2025		317,291

Principal Amount/Description			Rate	Maturity	Value
$	250,000	Sigma Holdco B.V., First Lien - Facility B4 (GBP) Term Loan	1M US L + 4.00%	07/02/2025	$	328,963
	18,000	Sunshine Investments B.V., First Lien - Facility B3 Term Loan(f)	L + 3.25%	03/28/2025		18,056
						708,591
Sweden - 0.44%
	200,000	Verisure Holding AB, First Lien - Facility B1F Term Loan	3M EUR L + 3.50%	10/21/2022		225,896
United States - 25.76%
	246,458	Access CIG LLC, First Lien - B Term Loan	1M US L + 3.75%	02/27/2025		246,663
	335,380	Acuity Specialty Products, Inc., First Lien - Initial Term Loan	3M US L + 4.00%, 1.00% Floor	08/12/2024		261,093
	147,750	Adtalem Global Education, Inc., First Lien - B Term Loan	1M US L + 3.00%	04/11/2025		148,119
	38,900	AI Aqua Merger Sub, Inc., First Lien - Tranche B-1 Term Loan	1M US L + 3.25%, 1.00% Floor	12/13/2023		37,895
	195,006	Air Medical Group Holdings, Inc., First Lien - 2018 Term Loan	1M US L + 3.25%, 1.00% Floor	04/28/2022		191,624
	242,451	American Renal Holdings, Inc., First Lien - B Term Loan	1M US L + 5.00%	06/21/2024		231,000
	237,727	American Rock Salt Co. LLC, First Lien - Initial Term Loan	1M US L + 3.75%, 1.00% Floor	03/21/2025		239,510
	147,750	Amynta Agency Borrower, Inc., First Lien - B Term Loan	1M US L + 4.50%	02/28/2025		138,516
	146,666	Applied Systems, Inc., First Lien - Closing Date Term Loan	3M US L + 3.25%, 1.00% Floor	09/19/2024		147,388
	143,788	Asurion LLC, First Lien - Amendment No. 14 Replacement B-4 Term Loan	1M US L + 3.00%	08/04/2022		144,822
	247,500	Atlantic Aviation FBO, Inc., First Lien - B Term Loan	1M US L + 3.75%	12/06/2025		250,750
	87,945	Avantor Funding, Inc., First Lien - Initial B-2 Euro Term Loan	1M EUR L + 3.25%	11/21/2024		99,882
	167,109	Aveanna Healthcare LLC, First Lien - Initial Term Loan	1M US L + 4.25%, 1.00% Floor	03/18/2024		161,678
	180,713	BCP Renaissance Parent LLC, First Lien - Initial Term Loan	3M US L + 3.50%, 1.00% Floor	10/31/2024		161,173
	196,500	Beacon Roofing Supply, Inc., First Lien - Initial Term Loan	1M US L + 2.25%	01/02/2025		197,707
	147,375	Belron Finance US LLC, First Lien - Initial B Term Loan	3M US L + 2.25%	11/07/2024		148,174
	97,750	Big River Steel LLC, First Lien - Closing Date Term Loan	3M US L + 5.00%, 1.00% Floor	08/23/2023		97,964
	245,011	Boing US Holdco, Inc., First Lien - B Term Loan	1M US L + 3.25%, 1.00% Floor	10/03/2024		240,315
	62,873	Boyd Gaming Corp., First Lien - Refinancing B Term Loan	1W US L + 2.25%	09/15/2023		63,393
	246,875	Bracket Intermediate Holding Corp., First Lien - Initial Term Loan	3M US L + 4.25%	09/05/2025		245,949
	247,500	Brookfield WEC Holdings, Inc., First Lien - Initial Term Loan	1M US L + 3.50%, 0.75% Floor	08/01/2025		249,588
	245,000	Caesars Resort Collection LLC, First Lien - B Term Loan	1M US L + 2.75%	12/23/2024		245,791
	127,075	Canyon Valor Companies, Inc., First Lien - Initial Euro Term Loan	1M EUR L + 3.00%	06/16/2023		143,432
	204,087	Cengage Learning, Inc., First Lien - 2016 Refinancing Term Loan	1M US L + 4.25%, 1.00% Floor	06/07/2023		195,687
	248,125	CentralSquare Technologies LLC, First Lien - Initial Term Loan	1M US L + 3.75%	08/29/2025		237,624

Principal Amount/Description			Rate	Maturity	Value
$	294,000	CenturyLink, Inc., First Lien - Initial B Term Loan	1M US L + 2.75%	01/31/2025	$	295,654
	105,243	CEOC LLC, First Lien - B Term Loan	1M US L + 2.00%	10/07/2024		106,107
	245,011	Charter Communications Operating LLC, First Lien - B-2 Term Loan	1M US L + 1.75%	02/01/2027		246,850
	98,237	Charter NEX US, Inc., First Lien - Initial Term Loan	1M US L + 3.00%, 1.00% Floor	05/16/2024		98,053
	149,163	CHG Healthcare Services, Inc., First Lien - 2017 New Term Loan	1M US L + 3.00%, 1.00% Floor	06/07/2023		150,375
	147,750	Cogeco Communications II LP, First Lien - B Term Loan	1M US L + 2.25%	01/03/2025		148,470
	246,875	Covia Holdings Corp., First Lien - Initial Term Loan	3M US L + 4.00%, 1.00% Floor	06/01/2025		191,656
	172,987	Cypress Intermediate Holdings III, Inc., First Lien - Initial Term Loan	1M US L + 2.75%, 1.00% Floor	04/29/2024		173,771
	1,400	David's Bridal, Inc. Takeback Tl(a)	L + 8.00%	01/18/2024		1,400
	147,376	EG Group, Ltd., First Lien - Additional Facility Term Loan	3M US L + 4.00%	02/07/2025		147,085
	97,003	ExamWorks Group, Inc., First Lien - B-1 Term Loan	1M US L + 3.25%, 1.00% Floor	07/27/2023		97,791
	97,475	Explorer Holdings, Inc., First Lien - Initial Term Loan	2M US L + 3.75%, 1.00% Floor	05/02/2023		98,449
	246,250	Flynn Restaurant Group LP, First Lien - Initial Term Loan	1M US L + 3.50%	06/27/2025		237,170
	125,000	Flynn Restaurant Group LP, Second Lien - Initial Term Loan	1M US L + 7.00%	06/29/2026		115,625
	246,875	Franklin Square Holdings LP, First Lien - Initial Term Loan	1M US L + 2.25%	08/01/2025		248,418
	136,988	Gentiva Health Services, Inc., First Lien - Closing Date Initial Term Loan	1M US L + 3.75%	07/02/2025		137,887
	216,055	Globallogic Holdings, Inc., First Lien - Initial Term Loan	1M US L + 3.25%	08/01/2025		217,675
	200,584	Golden Nugget, Inc., First Lien - Initial B Term Loan	3M US L + 2.75%, 0.75% Floor	10/04/2023		201,541
	115,737	Graftech International, Ltd., First Lien - Initial Term Loan	1M US L + 3.50%, 1.00% Floor	02/12/2025		115,593
	161,346	Greeneden U.S. Holdings I LLC, First Lien - Tranche B-3 Dollar Term Loan	1M US L + 3.25%	12/01/2023		162,101
	98,000	Greenrock Finance, Inc., First Lien - Initial USD B Term Loan	3M US L + 3.50%, 1.00% Floor	06/28/2024		97,679
	147,750	Hub International, Ltd., First Lien - Initial Term Loan	3M US L + 2.75%	04/25/2025		147,893
	655,807	Jaguar Holding Co. II, First Lien - 2018 Term Loan	1M US L + 2.50%, 1.00% Floor	08/18/2022		660,204
	99,250	JBS USA Lux S.A., First Lien - New Term Loan	1M US L + 2.00%	05/01/2026		100,284
	77,600	Learfield Communications LLC, First Lien - Initial Term Loan	1M US L + 3.25%, 1.00% Floor	12/01/2023		69,025
	229,558	Life Time Fitness, Inc., First Lien - 2017 Refinancing Term Loan	3M US L + 2.75%, 1.00% Floor	06/10/2022		230,527
	290,737	McAfee LLC, First Lien - B USD Term Loan	1M US L + 3.75%	09/30/2024		292,372
	496,250	Natgasoline LLC, First Lien - Initial Term Loan	3M US L + 3.50%	11/14/2025		499,352
	10,000	Navicure, Inc., First Lien - Initial Term Loan	L + 4.00%	10/22/2026		10,069
	246,263	NVA Holdings, Inc., First Lien - B-3 Term Loan	3M US L + 2.75%, 1.00% Floor	02/02/2025		246,288
	97,500	Onvoy LLC, First Lien - Initial Term Loan	1M US L + 4.50%, 1.00% Floor	02/10/2024		88,481

Principal Amount/Description			Rate	Maturity	Value
$	147,601	PetVet Care Centers LLC, First Lien - Initial Term Loan	1M US L + 2.75%	02/14/2025	$	146,057
	97,503	Playa Resorts Holding B.V., First Lien - Initial Term Loan	1M US L + 2.75%, 1.00% Floor	04/29/2024		97,503
	235,297	Recess Holdings, Inc., First Lien - Initial Term Loan	1M US L + 3.75%, 1.00% Floor	09/30/2024		234,806
	99,250	Refinitiv US Holdings, Inc., First Lien - Initial Euro Term Loan	3M EUR L + 4.00%	10/01/2025		112,399
	194,150	Ring Container Technologies Group LLC, First Lien - Initial Term Loan	1M US L + 2.75%	10/31/2024		195,023
	91,970	RPI Finance Trust, First Lien - Initial B -6 Term Loan	1M US L + 2.00%	03/27/2023		92,847
	147,375	Scientific Games International, Inc., First Lien - Initial B-5 Term Loan	1M US L + 2.75%	08/14/2024		147,979
	247,500	Sedgwick Claims Management Services, Inc., First Lien - Initial Term Loan	1M US L + 3.25%	12/31/2025		247,964
	232,379	St. George's University Scholastic Services LLC, First Lien	1M US L + 3.50%	07/17/2025		234,848
	147,000	Strategic Materials Holding Corp., First Lien - Initial Term Loan	3M US L + 3.75%, 1.00% Floor	11/01/2024		119,805
	85,456	Trans Union LLC, First Lien - 2019 Replacement B-5 Term Loan	1M US L + 1.75%	11/16/2026		85,908
	438,989	Transdigm, Inc., First Lien - 2018 New Tranche E Term Loan	1M US L + 2.50%	05/30/2025		440,885
	248,125	Tunnel Hill Partners LP, First Lien - Initial Term Loan	1M US L + 3.50%	02/06/2026		247,505
	291,961	Uniti Group, Inc., First Lien - Shortfall Term Loan	1M US L + 5.00%, 1.00% Floor	10/24/2022		287,461
	35,761	Vestcom Parent Holdings, Inc., First Lien - L/C Collaterilized Term Loan	1M US L + 4.00%, 1.00% Floor	12/19/2023		33,973
	227,681	Windstream Services LLC, First Lien - 2016 Tranche B-6 Term Loan(g)	1M US L + 4.00%, 0.75% Floor	03/29/2021		218,755
	132,344	YI LLC, First Lien - Initial Term Loan	3M US L + 4.00%, 1.00% Floor	11/07/2024		123,962
						13,227,262
TOTAL BANK LOANS
(Cost $18,820,130)						18,512,794
HIGH YIELD DEBT- 34.31%
Australia - 0.28%
	40,000	Mineral Resources, Ltd.(h)	8.13%	05/01/2027		43,993
	100,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.(h)	5.75%	04/30/2026		98,785
						142,778
Canada - 0.72%
	5,000	Baytex Energy Corp.(h)	5.63%	06/01/2024		4,565
	36,000	Cascades, Inc.(h)	5.75%	07/15/2023		37,005
	35,000	Cascades, Inc./Cascades USA, Inc.(h)	5.13%	01/15/2026		36,050
	40,000	Cascades, Inc./Cascades USA, Inc.(h)	5.38%	01/15/2028		41,200
	45,000	Eldorado Gold Corp.(h)	9.50%	06/01/2024		48,619
	25,000	First Quantum Minerals, Ltd.(h)	7.25%	05/15/2022		25,162
	20,000	First Quantum Minerals, Ltd.(h)	7.25%	04/01/2023		20,747
	60,000	goeasy, Ltd.(h)	5.38%	12/01/2024		61,225
	35,000	Precision Drilling Corp.	7.75%	12/15/2023		35,014
	15,000	Precision Drilling Corp.(h)	7.13%	01/15/2026		14,293

Principal Amount/Description			Rate	Maturity	Value
$	50,000	Vermilion Energy, Inc.(h)	5.63%	03/15/2025	$	47,333
						371,213
Cayman Islands - 0.21%
	105,000	Global Aircraft Leasing Co., Ltd.(d)(h)	6.50% (7.25%)	09/15/2024		109,825
Denmark - 0.23%
	100,000	DKT Finance ApS(i)	7.00%	06/17/2023		119,096
Finland - 0.08%
	40,000	Nokia Oyj	4.38%	06/12/2027		41,774
France - 0.47%
	100,000	Altice France SA(i)	5.88%	02/01/2027		126,613
	100,000	Constantin Investissement 3 SASU(i)	5.38%	04/15/2025		116,280
						242,893
Germany - 0.72%
	120,000	Nidda Healthcare Holding GmbH(i)	3.50%	09/30/2024		139,575
	100,000	Techem Verwaltungsgesellschaft 674 mbH(i)	6.00%	07/30/2026		121,495
	100,000	Tele Columbus AG(i)	3.88%	05/02/2025		109,938
						371,008
Great Britain - 0.61%
	100,000	Arqiva Broadcast Finance PLC	6.75%	09/30/2023		141,578
	35,000	Connect Finco SARL / Connect US Finco LLC(h)	6.75%	10/01/2026		37,319
	100,000	Nomad Foods Bondco PLC(i)	3.25%	05/15/2024		115,426
	20,000	Tronox Finance PLC(h)	5.75%	10/01/2025		20,433
						314,756
Ireland - 0.70%
	200,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.(h)	5.25%	08/15/2027		210,874
	10,000	Avolon Holdings Funding, Ltd.(h)	5.50%	01/15/2023		10,810
	100,000	Virgin Media Receivables Financing Notes I DAC(i)	5.50%	09/15/2024		136,600
						358,284
Italy - 1.09%
	100,000	Bormioli Pharma Bidco SpA(e)(i)	3M EUR L + 3.50%	11/15/2024		101,144
	100,000	Guala Closures SpA(e)(h)	3M EUR L + 3.50%	04/15/2024		113,713
	100,000	LKQ Italia Bondco SpA(i)	3.88%	04/01/2024		126,472
	200,000	Telecom Italia SpA(h)	5.30%	05/30/2024		215,498
						556,827
Jersey - 0.49%
	100,000	CPUK Finance, Ltd.(i)	4.25%	08/28/2022		135,270
	100,000	LHC3 PLC(d)(h)	4.13% (9.00%)	08/15/2024		116,265
						251,535
Luxembourg - 1.34%
	105,000	Altice Luxembourg SA(i)	6.25%	02/15/2025		122,313
	100,000	ARD Finance SA(d)(h)	5.00% (5.75%)	06/30/2027		113,410
	85,000	Dana Financing Luxembourg Sarl(h)	5.75%	04/15/2025		89,073
	100,000	Samsonite Finco Sarl(i)	3.50%	05/15/2026		116,652
	100,000	SES SA(c)(e)	5.63%	Perpetual Maturity		126,133
	100,000	Telenet Finance Luxembourg Notes Sarl(i)	3.50%	03/01/2028		121,645
						689,226

Principal Amount/Description			Rate	Maturity	Value
Netherlands - 1.54%
$	100,000	Intertrust Group BV(i)	3.38%	11/15/2025	$	118,067
	100,000	InterXion Holding NV(h)	4.75%	06/15/2025		121,571
	100,000	Sigma Holdco BV(i)	5.75%	05/15/2026		113,369
	100,000	Trivium Packaging Finance BV(h)	3.75%	08/15/2026		119,164
	200,000	UPC Holding BV(h)	5.50%	01/15/2028		203,120
	100,000	Ziggo Bond Co. BV(i)	4.63%	01/15/2025		115,395
						790,686
Sweden - 0.23%
	100,000	Verisure Midholding AB(i)	5.75%	12/01/2023		115,923
United States - 25.60%
	65,000	Acadia Healthcare Co., Inc.	5.13%	07/01/2022		65,670
	10,000	Acadia Healthcare Co., Inc.	5.63%	02/15/2023		10,184
	55,000	Acadia Healthcare Co., Inc.	6.50%	03/01/2024		57,154
	50,000	ACCO Brands Corp.(h)	5.25%	12/15/2024		52,208
	25,000	Acrisure LLC / Acrisure Finance, Inc.(h)	8.13%	02/15/2024		27,235
	45,000	Acrisure LLC / Acrisure Finance, Inc.(h)	10.13%	08/01/2026		48,594
	40,000	Adient US LLC(h)	7.00%	05/15/2026		43,675
	80,000	AES Corp.	6.00%	05/15/2026		85,348
	30,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC	5.75%	03/15/2025		31,137
	95,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(h)	4.63%	01/15/2027		95,062
	35,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(h)	5.88%	02/15/2028		37,252
	45,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(h)	6.63%	07/15/2026		48,446
	85,000	AmeriGas Partners LP / AmeriGas Finance Corp.	5.63%	05/20/2024		92,012
	20,000	AmWINS Group, Inc.(h)	7.75%	07/01/2026		22,160
	30,000	Apergy Corp.	6.38%	05/01/2026		31,735
	30,000	Aramark Services, Inc.(h)	5.00%	02/01/2028		31,668
	40,000	Archrock Partners LP / Archrock Partners Finance Corp.(h)	6.88%	04/01/2027		42,393
	20,000	Archrock Partners LP / Archrock Partners Finance Corp.(h)	6.25%	04/01/2028		20,650
	35,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.(h)	7.00%	11/01/2026		28,012
	30,000	ASGN, Inc.(h)	4.63%	05/15/2028		30,892
	30,000	Avis Budget Car Rental LLC / Avis Budget Finance, Inc.	5.50%	04/01/2023		30,612
	100,000	Axalta Coating Systems LLC(i)	4.25%	08/15/2024		116,001
	35,000	B&G Foods, Inc.	5.25%	04/01/2025		36,065
	197,000	Bausch Health Cos., Inc.(h)	6.13%	04/15/2025		203,957
	55,000	Bausch Health Cos., Inc.(h)	7.00%	01/15/2028		60,602
	40,000	Bausch Health Cos., Inc.(h)	5.00%	01/30/2028		41,155
	40,000	Bausch Health Cos., Inc.(h)	5.25%	01/30/2030		41,580
	85,000	Berry Global, Inc.(h)	4.50%	02/15/2026		87,469
	30,000	Berry Petroleum Co. LLC(h)	7.00%	02/15/2026		27,873
	20,000	BMC East LLC(h)	5.50%	10/01/2024		20,858
	65,000	Boyd Gaming Corp.	6.38%	04/01/2026		70,056
	10,000	Boyd Gaming Corp.	6.00%	08/15/2026		10,766
	60,000	Boyd Gaming Corp.(h)	4.75%	12/01/2027		62,436

Principal Amount/Description			Rate	Maturity	Value
$	55,000	Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL(h)	5.75%	05/15/2026	$	58,128
	25,000	Builders FirstSource, Inc.(h)	6.75%	06/01/2027		27,477
	10,000	Callon Petroleum Co.	6.13%	10/01/2024		10,215
	60,000	Callon Petroleum Co.	6.38%	07/01/2026		61,047
	80,000	Calpine Corp.(h)	4.50%	02/15/2028		80,810
	20,000	Calpine Corp.(h)	5.13%	03/15/2028		20,464
	90,000	Cardtronics, Inc. / Cardtronics USA, Inc.(h)	5.50%	05/01/2025		93,637
	55,000	Carriage Services, Inc.(h)	6.63%	06/01/2026		58,732
	100,000	Catalent Pharma Solutions, Inc.(i)	4.75%	12/15/2024		115,678
	30,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.88%	04/01/2024		31,075
	30,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.50%	05/01/2026		31,682
	25,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.00%	02/01/2028		26,279
	15,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.38%	06/01/2029		16,040
	145,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	4.75%	03/01/2030		148,173
	20,000	Cedar Fair LP(h)	5.25%	07/15/2029		21,587
	25,000	Centene Corp.(h)	5.38%	06/01/2026		26,577
	50,000	Centene Corp.(h)	4.25%	12/15/2027		51,530
	70,000	Centene Corp.(h)	4.63%	12/15/2029		73,899
	50,000	Central Garden & Pet Co.	5.13%	02/01/2028		51,892
	50,000	CenturyLink, Inc.	5.63%	04/01/2025		53,232
	60,000	CenturyLink, Inc.(h)	5.13%	12/15/2026		61,208
	25,000	CF Industries, Inc.	5.15%	03/15/2034		27,984
	40,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.(h)	5.75%	03/01/2025		41,200
	38,000	Chaparral Energy, Inc.(h)	8.75%	07/15/2023		16,976
	60,000	Cheniere Corpus Christi Holdings LLC	7.00%	06/30/2024		69,269
	35,000	Cheniere Corpus Christi Holdings LLC	5.13%	06/30/2027		38,746
	30,000	Cheniere Energy Partners LP	5.25%	10/01/2025		31,337
	35,000	Cheniere Energy Partners LP(h)	4.50%	10/01/2029		36,031
	35,000	Churchill Downs, Inc.(h)	5.50%	04/01/2027		37,165
	40,000	Citgo Holding, Inc.(h)	9.25%	08/01/2024		43,000
	90,000	CITGO Petroleum Corp.(h)	6.25%	08/15/2022		91,462
	15,000	Clean Harbors, Inc.(h)	5.13%	07/15/2029		16,132
	15,000	Clearway Energy Operating LLC	5.00%	09/15/2026		15,530
	100,000	Clearway Energy Operating LLC(h)	4.75%	03/15/2028		101,500
	5,000	CommScope Technologies LLC(h)	6.00%	06/15/2025		5,018
	30,000	CommScope Technologies LLC(h)	5.00%	03/15/2027		28,276
	70,000	CommScope, Inc.(h)	5.50%	03/01/2024		73,121
	75,000	CommScope, Inc.(h)	5.50%	06/15/2024		76,126
	5,000	CommScope, Inc.(h)	6.00%	03/01/2026		5,328
	50,000	Comstock Resources, Inc.	9.75%	08/15/2026		45,494
	100,000	Cott Corp.(i)	5.50%	07/01/2024		117,165
	110,000	Covanta Holding Corp.	6.00%	01/01/2027		116,363
	50,000	CrownRock LP / CrownRock Finance, Inc.(h)	5.63%	10/15/2025		51,125
	20,000	Dana, Inc.	5.38%	11/15/2027		20,650
	85,000	DaVita, Inc.	5.13%	07/15/2024		87,302
	15,000	Diamond Sports Group LLC / Diamond Sports Finance Co.(h)	5.38%	08/15/2026		15,201
	25,000	Diamond Sports Group LLC / Diamond Sports Finance Co.(h)	6.63%	08/15/2027		24,359

Principal Amount/Description			Rate	Maturity	Value
$	35,000	DISH DBS Corp.	7.75%	07/01/2026	$	37,143
	105,000	Eldorado Resorts, Inc.	6.00%	04/01/2025		110,731
	90,000	Encompass Health Corp.	4.50%	02/01/2028		93,429
	100,000	Energizer Gamma Acquisition BV(i)	4.63%	07/15/2026		119,090
	45,000	EnerSys(h)	4.38%	12/15/2027		44,555
	75,000	ESH Hospitality, Inc.(h)	5.25%	05/01/2025		77,687
	45,000	ESH Hospitality, Inc.(h)	4.63%	10/01/2027		45,646
	50,000	Extraction Oil & Gas, Inc.(h)	7.38%	05/15/2024		31,396
	45,000	FirstCash, Inc.(h)	5.38%	06/01/2024		46,706
	40,000	Frontier Communications Corp.(h)	8.50%	04/01/2026		40,574
	35,000	Frontier Communications Corp.(h)	8.00%	04/01/2027		36,640
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.(h)	5.25%	12/01/2027		36,902
	115,000	Golden Nugget, Inc.(h)	6.75%	10/15/2024		119,311
	75,000	Greystar Real Estate Partners LLC(h)	5.75%	12/01/2025		77,999
	50,000	Grinding Media, Inc. / Moly-Cop AltaSteel, Ltd.(h)	7.38%	12/15/2023		51,062
	45,000	Gulfport Energy Corp.	6.63%	05/01/2023		38,039
	75,000	H&E Equipment Services, Inc.	5.63%	09/01/2025		78,781
	45,000	HAT Holdings I LLC / HAT Holdings II LLC(h)	5.25%	07/15/2024		47,400
	115,000	HCA, Inc.	5.38%	02/01/2025		127,410
	35,000	HCA, Inc.	5.88%	02/15/2026		39,865
	40,000	HCA, Inc.	5.38%	09/01/2026		44,651
	85,000	Herc Holdings, Inc.(h)	5.50%	07/15/2027		89,677
	65,000	Hertz Corp.(h)	6.00%	01/15/2028		65,120
	75,000	Hess Midstream Operations LP(h)	5.63%	02/15/2026		78,241
	30,000	Hess Midstream Operations LP(h)	5.13%	06/15/2028		30,412
	60,000	HUB International, Ltd.(h)	7.00%	05/01/2026		63,602
	100,000	Hunt Cos., Inc.(h)	6.25%	02/15/2026		98,982
	40,000	IAA, Inc.(h)	5.50%	06/15/2027		42,574
	15,000	iHeartCommunications, Inc.	8.38%	05/01/2027		16,603
	110,000	iHeartCommunications, Inc.(h)	5.25%	08/15/2027		115,296
	35,000	Ingles Markets, Inc.	5.75%	06/15/2023		35,743
	50,000	Intelsat Jackson Holdings SA(h)	8.00%	02/15/2024		51,417
	100,000	IQVIA, Inc.(i)	2.88%	09/15/2025		115,527
	15,000	Iron Mountain, Inc.(h)	5.25%	03/15/2028		15,628
	105,000	Iron Mountain, Inc.(h)	4.88%	09/15/2029		106,903
	30,000	Itron, Inc.(h)	5.00%	01/15/2026		31,173
	105,000	Jaguar Holding Co. II / Pharmaceutical Product Development LLC(h)	6.38%	08/01/2023		108,641
	25,000	JBS USA LUX SA / JBS USA Finance, Inc.(h)	6.50%	04/15/2029		27,828
	55,000	JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.(h)	5.50%	01/15/2030		59,177
	90,000	KAR Auction Services, Inc.(h)	5.13%	06/01/2025		93,788
	135,000	Kennedy-Wilson, Inc.	5.88%	04/01/2024		138,711
	20,000	Korn Ferry(h)	4.63%	12/15/2027		20,150
	75,000	Lamar Media Corp.	5.75%	02/01/2026		79,631
	25,000	Laredo Petroleum, Inc.	5.63%	01/15/2022		24,320
	30,000	Laredo Petroleum, Inc.	6.25%	03/15/2023		28,213
	75,000	Level 3 Financing, Inc.	5.25%	03/15/2026		78,139
	55,000	Level 3 Financing, Inc.(h)	4.63%	09/15/2027		56,411
	65,000	Live Nation Entertainment, Inc.(h)	4.75%	10/15/2027		67,395
	60,000	Masonite International Corp.(h)	5.38%	02/01/2028		63,486
	35,000	Matador Resources Co.	5.88%	09/15/2026		35,176
	140,000	Mauser Packaging Solutions Holding Co.(h)	5.50%	04/15/2024		144,563

Principal Amount/Description			Rate	Maturity	Value
$	5,000	MEDNAX, Inc.(h)	5.25%	12/01/2023	$	5,123
	60,000	MEDNAX, Inc.(h)	6.25%	01/15/2027		61,651
	75,000	Mercer International, Inc.	7.38%	01/15/2025		80,952
	40,000	Mercer International, Inc.	5.50%	01/15/2026		40,801
	95,000	MGM Resorts International	5.50%	04/15/2027		105,626
	70,000	MPH Acquisition Holdings LLC(h)	7.13%	06/01/2024		67,899
	30,000	MPT Operating Partnership LP / MPT Finance Corp.	5.50%	05/01/2024		30,825
	40,000	MSCI, Inc.(h)	4.00%	11/15/2029		40,624
	45,000	Nabors Industries, Inc.	5.50%	01/15/2023		43,313
	70,000	NCR Corp.	6.38%	12/15/2023		71,896
	50,000	NCR Corp.(h)	5.75%	09/01/2027		53,366
	40,000	NCR Corp.(h)	6.13%	09/01/2029		43,479
	40,000	New Enterprise Stone & Lime Co., Inc.(h)	6.25%	03/15/2026		42,014
	110,000	Nexstar Broadcasting, Inc.(h)	5.63%	07/15/2027		116,122
	85,000	Novelis Corp.(h)	6.25%	08/15/2024		89,356
	40,000	Novelis Corp.(h)	5.88%	09/30/2026		42,657
	30,000	Oasis Petroleum, Inc.	6.88%	01/15/2023		29,400
	15,000	Oasis Petroleum, Inc.(h)	6.25%	05/01/2026		12,488
	5,000	Olin Corp.	5.63%	08/01/2029		5,290
	75,000	Olin Corp.	5.00%	02/01/2030		76,264
	40,000	Outfront Media Capital LLC / Outfront Media Capital Corp.	5.63%	02/15/2024		41,083
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(h)	5.00%	08/15/2027		20,987
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(h)	4.63%	03/15/2030		20,387
	15,000	PDC Energy, Inc.	6.13%	09/15/2024		15,231
	40,000	PDC Energy, Inc.	5.75%	05/15/2026		40,001
	40,000	Performance Food Group, Inc.(h)	5.50%	06/01/2024		41,117
	45,000	Performance Food Group, Inc.(h)	5.50%	10/15/2027		48,207
	55,000	Pilgrim's Pride Corp.(h)	5.75%	03/15/2025		56,964
	110,000	Plantronics, Inc.(h)	5.50%	05/31/2023		107,799
	60,000	Platform Specialty Products Corp.(h)	5.88%	12/01/2025		62,924
	60,000	Post Holdings, Inc.(h)	5.50%	03/01/2025		62,975
	10,000	Post Holdings, Inc.(h)	5.00%	08/15/2026		10,581
	15,000	Post Holdings, Inc.(h)	5.75%	03/01/2027		16,122
	40,000	PQ Corp.(h)	5.75%	12/15/2025		41,917
	40,000	Prestige Brands, Inc.(h)	6.38%	03/01/2024		41,683
	10,000	Prestige Brands, Inc.(h)	5.13%	01/15/2028		10,500
	16,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(h)	9.25%	05/15/2023		16,810
	155,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(h)	5.75%	04/15/2026		168,757
	35,000	PTC, Inc.	6.00%	05/15/2024		36,604
	35,000	Quicken Loans, Inc.(h)	5.75%	05/01/2025		36,254
	50,000	Quicken Loans, Inc.(h)	5.25%	01/15/2028		51,866
	100,000	Refinitiv US Holdings, Inc.(h)	4.50%	05/15/2026		122,518
	58,146	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu	5.75%	10/15/2020		58,292
	70,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu(h)	7.00%	07/15/2024		72,494
	25,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer, LLC(h)	5.13%	07/15/2023		25,646
	95,000	Ryman Hospitality Properties, Inc.(h)	4.75%	10/15/2027		98,263
	120,000	Scientific Games International, Inc.(i)	3.38%	02/15/2026		139,746

Principal Amount/Description			Rate	Maturity	Value
$	40,000	Scotts Miracle-Gro Co.(h)	4.50%	10/15/2029	$	40,989
	35,000	Signature Aviation US Holdings, Inc.(h)	5.38%	05/01/2026		36,923
	100,000	Silgan Holdings, Inc.	3.25%	03/15/2025		115,108
	90,000	Sirius XM Radio, Inc.(h)	4.63%	07/15/2024		94,688
	35,000	Sirius XM Radio, Inc.(h)	5.38%	04/15/2025		36,238
	5,000	Sirius XM Radio, Inc.(h)	5.50%	07/01/2029		5,415
	30,000	SM Energy Co.	5.00%	01/15/2024		28,662
	30,000	SM Energy Co.	5.63%	06/01/2025		28,563
	30,000	Sonic Automotive, Inc.	6.13%	03/15/2027		31,360
	10,000	Southwestern Energy Co.	4.95%	01/23/2025		9,197
	20,000	Southwestern Energy Co.	7.75%	10/01/2027		18,574
	40,000	Spectrum Brands, Inc.(h)	5.00%	10/01/2029		41,414
	75,000	Sprint Communications, Inc.	11.50%	11/15/2021		85,824
	100,000	Sprint Communications, Inc.	6.00%	11/15/2022		105,053
	80,000	Sprint Corp.	7.88%	09/15/2023		88,433
	50,000	Sprint Corp.	7.13%	06/15/2024		54,042
	90,000	SS&C Technologies, Inc.(h)	5.50%	09/30/2027		96,244
	45,000	Standard Industries, Inc.(h)	5.50%	02/15/2023		45,843
	40,000	Stevens Holding Co., Inc.(h)	6.13%	10/01/2026		43,814
	65,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.	5.75%	03/01/2025		66,977
	40,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.	5.88%	03/01/2027		41,714
	65,000	Summit Materials LLC / Summit Materials Finance Corp.	6.13%	07/15/2023		66,138
	30,000	Summit Materials LLC / Summit Materials Finance Corp.(h)	5.13%	06/01/2025		30,912
	60,000	SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp.(h)	7.50%	06/15/2025		57,850
	5,000	Talen Energy Supply LLC(h)	7.25%	05/15/2027		5,270
	25,000	Talen Energy Supply LLC(h)	6.63%	01/15/2028		25,571
	35,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.88%	04/15/2026		37,253
	30,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.38%	02/01/2027		31,181
	100,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.(h)	5.50%	03/01/2030		102,875
	70,000	Tenet Healthcare Corp.	6.75%	06/15/2023		77,056
	120,000	Tenet Healthcare Corp.	5.13%	05/01/2025		123,900
	65,000	Tenet Healthcare Corp.(h)	6.25%	02/01/2027		70,037
	15,000	Tenet Healthcare Corp.(h)	5.13%	11/01/2027		15,863
	50,000	Tennant Co.	5.63%	05/01/2025		52,396
	50,000	Tenneco, Inc.	5.38%	12/15/2024		47,396
	35,000	T-Mobile USA, Inc.	6.00%	04/15/2024		36,225
	55,000	Tms International Holding Corp.(h)	7.25%	08/15/2025		49,890
	40,000	TPC Group, Inc.(h)	10.50%	08/01/2024		40,383
	20,000	TransDigm, Inc.	6.50%	07/15/2024		20,669
	35,000	TransDigm, Inc.	6.50%	05/15/2025		36,473
	70,000	TransDigm, Inc.(h)	6.25%	03/15/2026		75,914
	50,000	TransDigm, Inc.(h)	5.50%	11/15/2027		50,654
	45,000	TreeHouse Foods, Inc.(h)	6.00%	02/15/2024		46,725
	40,000	TriMas Corp.(h)	4.88%	10/15/2025		41,275
	50,000	Tronox, Inc.(h)	6.50%	04/15/2026		51,636
	100,000	UGI International LLC(h)	3.25%	11/01/2025		118,798
	10,113	Ultra Resources, Inc.(d)	11.00% (11.00%)	07/12/2024		1,669
	15,000	United Rentals North America, Inc.	6.50%	12/15/2026		16,514
	105,000	United Rentals North America, Inc.	4.88%	01/15/2028		109,523
	40,000	Univar Solutions USA, Inc.(h)	5.13%	12/01/2027		41,825

Principal Amount/Description			Rate	Maturity	Value
$	75,000	US Foods, Inc.(h)	5.88%	06/15/2024	$	77,406
	43,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	04/01/2026		45,231
	5,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		5,217
	70,000	ViaSat, Inc.(h)	5.63%	09/15/2025		72,246
	20,000	VICI Properties LP / VICI Note Co., Inc.(h)	4.25%	12/01/2026		20,637
	20,000	VICI Properties LP / VICI Note Co., Inc.(h)	4.63%	12/01/2029		20,937
	105,000	Watco Cos. LLC / Watco Finance Corp.(h)	6.38%	04/01/2023		106,881
	20,000	Weatherford International, Ltd.(h)	11.00%	12/01/2024		21,675
	35,000	William Carter Co.(h)	5.63%	03/15/2027		37,706
	108,000	WMG Acquisition Corp.(h)	4.13%	11/01/2024		125,336
	90,000	Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.(h)	5.13%	10/01/2029		96,806
						13,141,581
TOTAL HIGH YIELD DEBT
(Cost $17,201,250)						17,617,405

Shares/Description			Value
RIGHTS - 0.00%(b)(j)
	198	DBI Investors, Inc., Strike Price 0.01, Expires 12/31/2049(a)		834
TOTAL RIGHTS
(Cost $11,231)				834
WARRANTS - 0.00%(b)(j)
	394	David's Bridal, Strike Price 219.47, Expires 01/18/2024(a)		–
	210	Ultra Petroleum Corp, Strike Price 0.01, Expires 07/14/2025		7
TOTAL WARRANTS
(Cost $650)				7
SHORT-TERM INVESTMENTS - 12.96%
	6,655,210	State Street Institutional Trust (7 Day Yield 1.54%)		6,655,210
TOTAL SHORT-TERM INVESTMENTS
(Cost $6,655,210)				6,655,210
TOTAL INVESTMENTS-99.79%
(Cost $51,072,598)				51,231,731
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.13%				67,000
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.08%				42,931
NET ASSETS - 100.00%			$	51,341,662

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

Libor Rates:

1W US L - 1 Week LIBOR as of December 31, 2019 was 1.91%

1M US L - 1 Month LIBOR as of December 31, 2019 was1.76%

2M US L - 2 Month LIBOR as of December 31, 2019 was 1.83%

3M US L - 3 Month LIBOR as of December 31, 2019 was1.91%

1M EUR L - 1 Month EURIBOR as of December 31, 2019 was-0.44%

3M EUR L - 3 Month EURIBOR as of December 31, 2019 was-0.38%

6M EUR L - 6 Month EURIBOR as of December 31, 2019 was-0.32%

(a)	The level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
(b)	Non-income producing security.
(c)	Security has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.
(d)	Pay-in-kind securities - Rate paid in-kind is shown in parenthesis.
(e)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at December 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.
(f)	All or a portion of this position has not settled as of December 31, 2019. The interest rate shown represents the stated spread over the London Interbank Offered Rate ("LIBOR" or "L") or the Euro Interbank Offered Rate ("EURIBOR" or "E") or the applicable LIBOR/EURIBOR floor; the Fund will not accrue interest until the settlement date, at which point LIBOR/EURIBOR will be established.
(g)	Security is currently in default.
(h)	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities have been deemed liquid under procedures approved by the Fund's Board of Directors and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $10,166,115, which represents approximately 19.80% of net assets as of December 31, 2019.
(i)	Securities were purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under procedures approved by the Fund's Board of Directors. As of December 31, 2019, the aggregate fair value of those securities was $2,894,480, representing 5.64% of net assets.
(j)	Less than 0.005%.

See Notes to Quarterly Schedule of Investments.

OUTSTANDING FORWARD FOREIGN CURRENCY CONTRACTS
Counterparty	Settlement Date	Fund Receiving	U.S. $ Value at December 31, 2019		Fund Delivering	U.S. $ Value at December 31, 2019		Unrealized Appreciation/ (Depreciation)
State Street Boston	1/8/2020	USD		3,602,460	EUR		3,640,304		(37,844	)
State Street Boston	1/8/2020	USD		684,133	GBP		695,863		(11,730	)
State Street Boston	1/8/2020	USD		3,811,583	EUR		3,849,027		(37,444	)
State Street Boston	1/8/2020	USD		414,703	GBP		418,885		(4,182	)
								$	(91,200	)

RiverNorth Funds	Notes to Quarterly Schedule of Investments
	December 31, 2019 (Unaudited)

1. ORGANIZATION

The RiverNorth Funds (the “Trust” or “Funds”) was established under the laws of Ohio by an Agreement and Declaration of Trust dated July 18, 2006 (the “Trust Agreement”). The Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust Agreement permits the Board of Trustees (the “Board” or “Trustees”) to authorize and issue an unlimited number of shares of beneficial interest of a separate series without par value. All classes of shares for each of the Funds have identical rights to earnings, assets and voting privileges, except for class-specific expenses and exclusive rights to vote on matters affecting only individual classes. The Funds are considered investment companies and therefore follow the Investment Company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services Investment Companies.

The RiverNorth Core Opportunity Fund (the “Core Opportunity Fund”) was organized as a diversified series of the Trust on July 18, 2006 and commenced investment operations on December 27, 2006. The Core Opportunity Fund offers two series of shares, Class I Shares and Class R Shares. The investment adviser to the Core Opportunity Fund is RiverNorth Capital Management, LLC (the “Adviser”). The investment objective of the Core Opportunity Fund is to seek long-term capital appreciation and income.

The RiverNorth/DoubleLine Strategic Income Fund (the “Strategic Income Fund”) is a diversified series of the Trust and commenced investment operations on December 30, 2010. The Strategic Income Fund offers two series of shares, Class I Shares and Class R Shares. The investment adviser to the Strategic Income Fund is RiverNorth Capital Management, LLC. The Strategic Income Fund’s sub-adviser is DoubleLine Capital, LP (“DoubleLine”). The investment objective of the Strategic Income Fund is current income and overall total return.

The RiverNorth/Oaktree High Income Fund (the “High Income Fund”) is a diversified series of the Trust and commenced investment operations on December 28, 2012. The High Income Fund offers two series of shares, Class I Shares and Class R Shares. The investment adviser to the High Income Fund is RiverNorth Capital Management, LLC. The High Income Fund’s sub-adviser is Oaktree Capital Management, L.P. (“Oaktree Capital,” and with DoubleLine, each a “Sub-Adviser” or collectively, the “Sub-Advisers”). The investment objective of the High Income Fund is overall total return consisting of long-term capital appreciation and income.

2. SIGNIFICANT ACCOUNTING POLICIES

The following is a summary of significant accounting policies followed by the Funds. These policies are in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements during the reporting period. Management believes the estimates and security valuations are appropriate; however, actual results may differ from those estimates, and the security valuations reflected in the financial statements may differ from the value the Funds ultimately realize upon sale of the securities. The Schedules of Investments have been prepared as of the close of the New York Stock Exchange (“NYSE”) on December 31, 2019.

Security Valuation: The Funds’ assets and other financial instruments are generally valued at their fair value using market quotations. If a market value quotation is unavailable a security may be valued at its estimated fair value as described in Note 3.

Security Transactions and Related Income: The Funds follow industry practice and record security transactions on the trade date basis. The specific identification method is used for determining gains or losses for financial statements and income tax purposes. Dividend income is recorded on the ex-dividend date or for certain foreign securities, when the information becomes available to the Funds and interest income and expenses are recorded on an accrual basis. Discounts and premiums on securities purchased are amortized or accreted using the effective interest method. Withholding taxes on foreign dividends have been provided for in accordance with the Funds’ understanding of the applicable country’s tax rules and rates. The ability of issuers of debt securities held by the Funds to meet their obligations may be affected by economic and political developments in a specific country or region. Settlement on bank loan transactions may be in excess of seven business days. Interest only stripped mortgage backed securities (“IO Strips”) are securities that receive only interest payments from a pool of mortgage loans. Little to no principal will be received by the Funds upon maturity of an IO Strip. Periodic adjustments are recorded to reduce the cost of the security until maturity, which are included in interest income.

Foreign Currency Translation:The books and records of the Funds are maintained in U.S. dollars. Investment valuations and other assets and liabilities initially expressed in foreign currencies are converted each business day into U.S. dollars based upon current exchange rates. Prevailing foreign exchange rates may generally be obtained at the close of the NYSE (normally, 4:00 p.m. Eastern time). The portion of realized and unrealized gains or losses on investments due to fluctuations in foreign currency exchange rates is not separately disclosed and is included in realized and unrealized gains or losses on investments, when applicable.

Foreign Securities:The Funds may directly purchase securities of foreign issuers. Investing in securities of foreign issuers involves special risks not typically associated with investing in securities of U.S. issuers. The risks include possible revaluation of currencies, the ability to repatriate funds, less complete financial information about companies and possible future adverse political and economic developments. Moreover, securities of many foreign issuers and their markets may be less liquid and their prices more volatile than those of securities of comparable U.S. issuers.

Other: The Funds hold certain investments which pay dividends to their shareholders based upon available funds from operations. It is possible for these dividends to exceed the underlying investments’ taxable earnings and profits resulting in the excess portion of such dividends being designated as a return of capital. Distributions received from investments in securities that represent a return of capital or capital gains are recorded as a reduction of the cost of investments or as a realized gain, respectively.

Principal Investment Risks:All mutual funds carry a certain amount of risk. For more information on the related risks of investing in the Funds please refer to the prospectus of each Fund.

3. SECURITIES VALUATION AND FAIR VALUE Measurements

Fair value is defined as the price that a Fund might reasonably expect to receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP establishes a three-tier hierarchy 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 including using such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below.

• Level 1 – Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that a Fund has the ability to access at the measurement date;

• Level 2 – Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

• Level 3 – Significant unobservable prices or inputs (including the Funds’ own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

Equity securities, including common stocks, rights and warrants, closed-end funds, exchange-traded funds, preferred stocks and business development companies are generally valued by using market quotations, but may be valued on the basis of prices furnished by a pricing service when the Adviser or a Sub-Adviser believes such prices more accurately reflect the fair market value of such securities. Securities that are traded on any stock exchange are generally valued by the pricing service at the last quoted sale price. Lacking a last sale price, an exchange traded security is generally valued by the pricing service at its last bid price. Securities traded in the NASDAQ over-the-counter market are generally valued by the pricing service at the NASDAQ Official Closing Price. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Funds will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2 security. When market quotations are not readily available, when the Adviser or a Sub-Adviser determines that the market quotation or the price provided by the pricing service does not accurately reflect the current fair value, or when restricted or illiquid securities are being valued, such securities are valued as determined in good faith by the Adviser, Sub-Adviser, or valuation committee in conformity with guidelines adopted by and subject to review by the Board. These securities will be categorized as Level 3 securities.

Investments in mutual funds, including short term investments and open-end funds, are generally priced at the ending net asset value (NAV) provided by the service agent of the funds. These securities will be categorized as Level 1 securities.

Domestic and foreign fixed income securities, including foreign and U.S. corporate bonds, convertible corporate bonds, U.S. Government bonds and notes, foreign government bonds and notes, supranationals and foreign agencies, non-agency collateralized mortgage obligations, U.S. Government/Agency mortgage backed securities, business development company notes, bank loans, collateralized loan obligations, municipal bonds, and high yield debt, as well as non-exchange traded derivatives, including forward foreign currency contracts, are normally valued on the basis of quotes obtained from brokers and dealers or independent pricing services. Foreign currency positions, including forward foreign currency contracts, are priced at the mean between the closing bid and asked prices at 4:00 p.m. Eastern time. Prices obtained from independent pricing services typically use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Data used to establish quotes includes analysis of cash flows, pre-payment speeds, default rates, delinquency assumptions and assumptions regarding collateral and loss assumptions. These securities will be classified as Level 2 securities.

Short-term investments in fixed income securities, with maturities of less than 60 days when acquired, or which subsequently are within 60 days of maturity, are valued by using the amortized cost method of valuation, which the Board has determined will represent fair value. These securities will be classified as Level 2 securities.

In accordance with the Funds’ good faith pricing guidelines, the Adviser, Sub-Adviser, or valuation committee is required to consider all appropriate factors relevant to the value of securities for which it has determined other pricing sources are not available or reliable as described above. No single standard exists for determining fair value, because fair value depends upon the circumstances of each individual case. As a general principle, the current fair value of an issue of securities being valued by the Adviser, Sub-Adviser, or valuation committee would appear to be the amount which the owner might reasonably expect to receive for them upon their current sale. Methods which are in accordance with this principle may, for example, be based on (i) a multiple of earnings; (ii) discounted cash flow models; (iii) weighted average cost or weighted average price; (iv) a discount from market of a similar freely traded security (including a derivative security or a basket of securities traded on other markets, exchanges or among dealers); or (v) yield to maturity with respect to debt issues, or a combination of these and other methods. Good faith pricing is permitted if, in the Adviser’s, a Sub-Adviser’s, or the valuation committee’s opinion, the validity of market quotations appears to be questionable based on factors such as evidence of a thin market in the security based on a small number of quotations, a significant event occurs after the close of a market but before a Funds’ NAV calculation that may affect a security’s value, or the Adviser or a Sub-Adviser is aware of any other data that calls into question the reliability of market quotations.

Good faith pricing may also be used in instances when the bonds the Funds invest in default or otherwise cease to have market quotations readily available. Investments in foreign securities, junk bonds or other thinly traded securities are more likely to trigger good faith pricing than other securities.

The following is a summary of the inputs used at December 31, 2019 in valuing the Funds’ assets and liabilities:

Core Opportunity Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	71,449,616	$	–	$	–	$	71,449,616
Business Development Companies		1,622,390		–		–		1,622,390
Common Stocks		4,771,095		–		–		4,771,095
Exchange Traded Funds		18,678,299		–		–		18,678,299
Preferred Stocks		1,091,873		–		–		1,091,873
Business Development Company Notes		613,646		–		–		613,646
Rights		25,180		–		–		25,180
Warrants		216,808		–		–		216,808
Short-Term Investments		7,693,019		–		–		7,693,019
Total	$	106,161,926	$	–	$	–	$	106,161,926

Strategic Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	487,540,344	$	–	$	–	$	487,540,344
Business Development Companies		4,635,005		–		–		4,635,005
Common Stocks		92,720		–		–		92,720
Open-End Funds		30,774,681		–		–		30,774,681
Preferred Stocks		37,425,878		–		–		37,425,878
Business Development Company Notes		19,716,980		–		–		19,716,980
Foreign Corporate Bonds		–		98,440,334		–		98,440,334
U.S. Corporate Bonds		–		97,024,821		–		97,024,821
Convertible Corporate Bonds		–		5,262,139		–		5,262,139
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		5,560,957		–		5,560,957
Bank Loans		–		27,001,042		–		27,001,042
Collateralized Loan Obligations		–		42,872,364		–		42,872,364
Equity - Linked Notes		–		–		11,250		11,250
Non-Agency Collateralized Mortgage Obligations		–		399,189,850		–		399,189,850
U.S. Government Bonds and Notes		–		156,738,429		–		156,738,429
Municipal Bonds		–		398,944		–		398,944
U.S. Government / Agency Mortgage Backed Securities		–		243,965,317		–		243,965,317
Warrants		–		–		–		–
Short-Term Investments		390,404,950		4,381,743		–		394,786,693
Total	$	970,590,558	$	1,080,835,940	$	11,250	$	2,051,437,748

High Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	8,324,859	$	–	$	–	$	8,324,859
Common Stocks		318		21,200		3,987		25,505
Preferred Stocks		–		–		95,117		95,117
Bank Loans		–		18,511,394		1,400		18,512,794
High Yield Debt		–		17,617,405		–		17,617,405
Rights		–		–		834		834
Warrants		7		–		–		7
Short-Term Investments		6,655,210		–		–		6,655,210
Total	$	14,980,394	$	36,149,999	$	101,338	$	51,231,731

High Income Fund (continued)
	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2			Level 3		Total
Liabilities
Forward Foreign Currency Contracts	$	–	$	(91,200	)	$	–	$	(91,200	)
Total	$	–	$	(91,200	)	$	–	$	(91,200	)

* Refer to each Fund’s Schedule of Investments for a listing of securities by type.

** Other financial instruments are derivative instruments reflected in the Schedule of Investments.

The changes of the fair value of investments for which the Funds have used Level 3 inputs to determine the fair value are as follows:

Asset Type	Balance as of September 30, 2019		Accrued Discount/ premium			Realized Gain/ (Loss)			Change in Unrealized Appreciation/ Depreciation			Purchases		Sales Proceeds			Transfer into Level 3		Transfer Out of Level 3(a)			Balance as of December 31, 2019		Net change in unrealized appreciation/ (depreciation) included in the Statements of Operations attributable to Level 3 investments held at June 30, 2019
Strategic Income Fund
U.S. Corporate Bonds	$	5,050,000	$	1,285		$	-		$	13,795		$	-	$	-		$	-	$	(5,065,080	)	$	-	$	-
Equity-Linked Notes		11,250		-			-			-			-		-			-		-			11,250		-
	$	5,061,250	$	1,285		$	-		$	13,795		$	-	$	-		$	-	$	(5,065,080	)	$	11,250	$	-
High Income Fund
Common Stocks	$	30,185	$	-		$	620		$	(156,896	)	$	152,982	$	(1,704	)	$	-	$	(21,200	)	$	3,987	$	(143,577	)
Preferred Stocks		92,000		-			-			(10,864	)		13,981		-			-		-			95,117		(10,864	)
Bank Loans		20,361		(443	)		-			46,909			6,440		(71,867	)		-		-			1,400		44,582
High Yield Debt		-		2,463			(45,531	)		43,295			-		(227	)		-		-			-		-
Rights		-		-			-			(10,397	)		11,231		-			-		-			834		(10,397	)
Warrants		3,714		-			1,352			(1,352	)		-		(3,714	)		-		-			-		(28,912	)
	$	146,260	$	2,020		$	(43,559	)	$	(89,305	)	$	184,634	$	(77,512	)	$	-	$	(21,200	)	$	101,338	$	(149,168	)

(a) Transferred from Level 3 to Level 2 because of available, observable market data.

The Table below provides additional information about the Level 3 Fair Value Measurements as of December 31, 2019:

Quantitative Information about Level 3 Fair Value Measurements

Strategic Income Fund

Asset Class	Fair Value (USD)		Valuation Technique	Unobservable Inputs(a)
Equity-Linked Notes	$	11,250	Vendor Price	Broker Quote

High Income Fund

Asset Class	Fair Value (USD)		Valuation Technique	Unobservable Inputs(a)
Common Stocks	$	3,987	Vendor Price	Broker Quote
Preferred Stocks		95,117	Last Transaction Price	Transaction Price
Bank Loans		1,400	Vendor Price	Broker Quote
Rights		834	Vendor Price	Broker Quote

^(a) A change to the unobservable input may result in a significant change to the value of the investment as follows:

Unobservable Input	Impact to Value if Input Increases	Impact to Value if Input Decreases
Broker Quote	Increase	Decrease
Transaction Price	Increase	Decrease

4. Derivative Financial Instruments

The following discloses the Funds’ use of derivative instruments. The Funds’ investment objectives not only permit the Funds to purchase investment securities, they also allow the Funds to enter into various types of derivative contracts such as total return swap contracts and forward foreign currency contracts. In doing so, the Funds will employ strategies in differing combinations to permit them to increase, decrease, or change the level or types of exposure to market factors. Central to those strategies are features inherent to derivatives that make them more attractive for this purpose than equity or debt securities; they require little or no initial cash investment, they can focus exposure on only certain selected risk factors, and they may not require the ultimate receipt or delivery of the underlying security (or securities) to the contract. This may allow the Funds to pursue their objectives more quickly and efficiently than if they were to make direct purchases or sales of securities capable of affecting a similar response to market factors.

Market Risk Factors: In pursuit of their investment objectives, the Funds may seek to use derivatives to increase or decrease their exposure to the following market risk factors:

Foreign Exchange Rate Risk: Foreign exchange rate risk relates to the change in the U.S. dollar value of a security held that is denominated in a foreign currency. The value of a foreign currency denominated security will decrease as the dollar appreciates against the currency, while the value of the foreign currency denominated security will increase as the dollar depreciates against the currency.

Risk of Investing in Derivatives

The Funds’ use of derivatives can result in losses due to unanticipated changes in the market risk factors and the overall market. Derivatives may have little or no initial cash investment relative to their market value exposure and therefore can produce significant gains or losses in excess of their cost. This use of embedded leverage allows the Funds to increase their market value exposure relative to their net assets and can substantially increase the volatility of the Funds’ performance.

Additional associated risks from investing in derivatives also exist and potentially could have significant effects on the valuation of the derivative and the Funds. Typically, the associated risks are not the risks that the Funds are attempting to increase or decrease exposure to, per their investment objectives, but are the additional risks from investing in derivatives.

Examples of these associated risks are liquidity risk, which is the risk that the Funds will not be able to sell the derivative in the open market in a timely manner, and counterparty credit risk, which is the risk that the counterparty will not fulfill its obligation to the Funds.

Forward Foreign Currency Contracts

The Funds may engage in currency transactions with counterparties to hedge the value of portfolio securities denominated in particular currencies against fluctuations in relative value, to gain or reduce exposure to certain currencies, or to generate income or gains. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price on a future date. During the three months ended December 31, 2019, the High Income Fund engaged in forward foreign currency contracts. The contracts are marked-to-market daily and the change in value is recorded by the High Income Fund as an unrealized gain or loss. When a forward foreign currency contract is extinguished, through either delivery or offset by entering into another forward foreign currency contract, the High Income Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was extinguished.

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

5. loan participations and assignments

The High Income Fund may invest in direct debt instruments which are interests in amounts owed to lenders or lending syndicates by corporate, governmental, or other borrowers. The High Income Fund will normally invest in corporate debt issuers in North America and Europe. The High Income Fund investments in loans may be in the form of participations in loans or assignments of all or a portion of loans from third parties. A loan is often administered by a bank or other financial institution (the “lender”) that acts as agent for all holders. The agent administers the terms of the loan, as specified in the loan agreement. The High Income Fund may invest in multiple series or tranches of a loan, which may have varying terms and carry different associated risks. The High Income Fund will generally purchase assignments of these loans, in which case it will typically become a lender for purposes of the relevant loan agreement with direct contractual rights against the borrower, including the right to receive payments of principal and interest. When purchasing participation interests in a loan, the High Income Fund generally has no right to enforce compliance with the terms of the loan agreement with the borrower. As a result, the High Income Fund may be subject to the credit risk of both the borrower and the lender that is selling the loan agreement. The High Income Fund may enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments represent a future obligation in full, even though a percentage of the notional loan amounts may not be utilized by the borrower. When investing in a loan participation, the High Income Fund has the right to receive payments of principal, interest and any fees to which they are entitled only from the lender selling the loan agreement and only upon receipt of payments by the lender from the borrower. The High Income Fund may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a floating rate loan. In certain circumstances, the High Income Fund may receive a penalty fee upon the prepayment of a floating rate loan by a borrower. At December 31, 2019, the Strategic Income Fund and High Income Fund had $3,946,515 and $17,955, respectively, in unsettled domestic and foreign loan commitments.

6. AFFILIATED COMPANIES

Funds may invest in certain securities that are considered securities issued by affiliated companies. As defined by the Investment Company Act of 1940, an affiliated person, including an affiliated company, is one in which a Fund owns 5% or more of the outstanding voting securities, or a company which is under common ownership or control with the Fund. The purchases, sales, dividend income, capital gains, shares and value of investment in affiliated companies for the three months ended December 31, 2019 were as follows:

Security Name	Share Balance as of September 30, 2019		Purchases		Purchases In-Kind		Sales		Sales In-Kind		Share Balance as of December 31, 2019		Market Value as of December 31, 2019		Dividends		Change in Unrealized Gain (Loss)			Realized Gain/Loss
RiverNorth/Oaktree High Income Fund		3,159,165		56,378		-		-		-		3,215,543	$	30,774,681	$	534,517	$	(836,272	)	$	-
													$	30,774,681	$	534,517	$	(836,272	)	$	-