RiverNorth/DoubleLine Strategic Income Fd Cl R (RNDLX) NPORT-P RiverNorth/Oaktree High Income Fund (Jun 2020 report)

RiverNorth Core Opportunity Fund

SCHEDULE OF INVESTMENTS

June 30, 2020 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 66.15%
	378,618	Aberdeen Emerging Markets Equity Income Fund, Inc.	$	2,290,639
	365,986	Aberdeen Total Dynamic Dividend Fund		2,818,092
	257,821	AllianzGI NFJ Dividend Interest & Premium Strategy Fund		2,882,439
	64,802	BlackRock Floating Rate Income Trust		711,526
	47,118	BlackRock Global Opportunities Equity Trust		443,852
	257,187	BlackRock Resources & Commodities Strategy Trust		1,576,556
	65,064	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		750,839
	104,389	Calamos Long/Short Equity & Dynamic Income Trust		1,615,942
	45,857	Clough Global Equity Fund		488,377
	261,567	Clough Global Opportunities Fund		2,278,249
	30,621	Duff & Phelps Utility and Corporate Bond Trust, Inc.		286,306
	206,529	Eagle Growth & Income Opportunities Fund		2,788,141
	179,655	Eaton Vance Limited Duration Income Fund		2,024,712
	86,772	First Trust Energy Income and Growth Fund		938,873
	72,229	First Trust New Opportunities MLP & Energy Fund		310,585
	98,071	Highland Global Allocation Fund		631,577
	145,923	Highland Income Fund		1,174,680
	45,839	Invesco Dynamic Credit Opportunities Fund		407,967
	113,658	NexPoint Credit Strategies Fund		1,195,682
	58,848	Nuveen AMT-Free Quality Municipal Income Fund		817,987
	26,823	Nuveen California AMT-Free Quality Municipal Income Fund		400,467
	27,628	Nuveen California Quality Municipal Income Fund		394,252
	248,044	Nuveen Credit Strategies Income Fund		1,448,577
	130,248	Nuveen Quality Municipal Income Fund		1,826,077
	25,705	Nuveen Real Estate Income Fund		192,016
	63,888	PGIM Global High Yield Fund, Inc.		812,655
	102,192	PIMCO Energy & Tactical Credit Opportunities Fund		721,475
	21,923	Royce Global Value Trust, Inc.		253,649
	195,750	Royce Micro-Cap Trust, Inc.		1,409,400
	161,805	Royce Value Trust, Inc.		2,029,035
	95,369	Source Capital, Inc.		3,155,121
	598,439	Sprott Focus Trust, Inc.		3,530,790
	57,754	Templeton Global Income Fund		310,139
	91,903	Voya Emerging Markets High Income Dividend Equity Fund		570,718
	759,484	Voya Global Equity Dividend and Premium Opportunity Fund		3,668,308
	111,065	Voya International High Dividend Equity Income Fund		458,698
	34,680	Western Asset Emerging Markets Debt Fund, Inc.		427,258
	256,263	Western Asset Global High Income Fund, Inc.		2,370,433
	249,688	Western Asset High Income Opportunity Fund, Inc.		1,153,559
	23,149	Western Asset Managed Municipals Fund, Inc.		278,019
TOTAL CLOSED-END FUNDS
(Cost $57,432,234)				51,843,667
BUSINESS DEVELOPMENT COMPANIES - 1.60%
	157,820	Barings BDC, Inc.		1,253,091
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $1,538,934)				1,253,091
COMMON STOCKS - 6.65%
	13,110	Agba Acquisition, Ltd.(a)		120,481
	6,581	Amplitude Healthcare Acquisition Corp.(a)		66,600

Shares/Description			Value
	77,930	Bain Capital Specialty Finance, Inc.	$	863,464
	29,944	Churchill Capital Corp. II(a)		364,718
	2,646	CIIG Merger Corp.(a)		27,121
	9,711	Far Point Acquisition Corp., Class A(a)		99,441
	104,118	Golub Capital BDC, Inc.		1,212,975
	9,077	Greenvision Acquisition Corp.(a)		93,947
	1,323	Healthcare Merger Corp.(a)		13,653
	9,409	InterPrivate Acquisition Corp.(a)		95,595
	5,163	Landcadia Holdings II, Inc.(a)		89,113
	12,752	LF Capital Acquisition Corp., Class A(a)		136,446
	10,614	LIV Capital Acquisition Corp.(a)		108,794
	10,753	Merida Merger Corp. I(a)		105,272
	359,206	Oaktree Specialty Lending Corp.		1,605,651
	19,571	South Mountain Merger Corp.(a)		207,453
TOTAL COMMON STOCKS
(Cost $4,991,196)				5,210,724
EXCHANGE TRADED FUNDS - 7.16%
	118,753	Invesco FTSE RAFI Emerging Markets Portfolio		2,053,239
	83,924	Pershing Square Holdings Ltd.		1,972,214
	40,000	Vanguard® FTSE Emerging Markets ETF		1,584,400
TOTAL EXCHANGE TRADED FUNDS
(Cost $5,775,925)				5,609,853
PREFERRED STOCKS - 0.88%
	30,606	PennantPark Investment Corp., 5.500%, 10/15/2024		688,635
TOTAL PREFERRED STOCKS
(Cost $764,357)				688,635

Shares/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 1.33%
United States - 1.33%
	4,420	Monroe Capital Corp.	5.75%	10/31/2023		100,599
	17,788	Portman Ridge Finance Corp.	6.13%	09/30/2022		428,691
	4,687	THL Credit, Inc.	6.75%	12/30/2022		114,550
	16,590	TriplePoint Venture Growth BDC Corp.	5.75%	07/15/2022		399,322
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $978,965)						1,043,162

Principal Amount/Description			Rate	Maturity	Value
CONVERTIBLE CORPORATE BONDS - 3.48%
$	848,323	BlackRock Capital Investment Corp.	5.00%	06/15/2022	$	748,348
	190,456	BlackRock TCP Capital Corp.	4.63%	03/01/2022		186,651
	500,000	Hercules Capital, Inc.	4.38%	02/01/2022		488,380
	852,978	New Mountain Finance Corp.	5.75%	08/15/2023		802,865
	500,000	Sixth Street Specialty Lending, Inc.	4.50%	08/01/2022		504,565
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $2,531,379)						2,730,809

Shares/Description			Value
RIGHTS - 0.01%(a)
	35,274	Big Rock Partners Acquisition Corp., Strike Price 11.50, Expires 12/31/2049	$	9,877
TOTAL RIGHTS
(Cost $13,114)				9,877
WARRANTS - 1.52%(a)
	17,637	Big Rock Partners Acquisition Corp., Strike Price 11.50, Expires 12/01/2022		7,937
	18,195	Brooge Energy, Ltd., Strike Price 11.50, Expires 07/14/2023		8,916
	3,237	Far Point Acquisition Corp., Strike Price 11.50, Expires 06/03/2025		1,619
	75,837	Gordon Pointe Acquisition Corp., Strike Price 11.50, Expires 07/30/2024		165,309
	37,631	International General Insurance Holdings, Ltd., Strike Price 11.50, Expires 01/17/2025		12,791
	26,164	Legacy Acquisition Corp., Strike Price 11.50, Expires 12/01/2022		12,820
	20,922	Leisure Acquisition Corp., Strike Price 11.50, Expires 12/28/2022		19,457
	12,752	LF Capital Acquisition Corp., Strike Price 11.50, Expires 06/28/2023		11,477
	5,376	Merida Merger Corp. I, Strike Price 11.50, Expires 11/07/2026		2,688
	18,162	Nikola Corp., Strike Price 11.50, Expires 06/11/2023		602,978
	82,651	Opes Acquisition Corp., Strike Price 11.50, Expires 01/16/2023		338,869
	19,178	Trident Acquisitions Corp., Strike Price 11.50, Expires 06/14/2021		8,822
TOTAL WARRANTS
(Cost $167,698)				1,193,683
SHORT-TERM INVESTMENTS - 12.66%
Money Market Fund - 12.66%
	9,924,681	State Street Institutional Trust (7 Day Yield 0.12%)		9,924,681
TOTAL SHORT-TERM INVESTMENTS
(Cost $9,924,681)				9,924,681
TOTAL INVESTMENTS - 101.44%
(Cost $84,118,483)			$	79,508,182
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.44)%				(1,128,883	)
NET ASSETS - 100.00%			$	78,379,299

^(a) Non-income producing security.

See Notes to Quarterly Schedule of Investments. 

RiverNorth/DoubleLine Strategic Income Fund

SCHEDULE OF INVESTMENTS

June 30, 2020 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 21.37%
	313,088	Advent Convertible and Income Fund	$	4,095,191
	1,529,663	AllianceBernstein Global High Income Fund, Inc.		15,449,596
	419,379	Ares Dynamic Credit Allocation Fund, Inc.		5,003,191
	1,244,860	BlackRock Debt Strategies Fund, Inc.		11,614,544
	398,716	BlackRock Floating Rate Income Strategies Fund, Inc.		4,457,645
	176,163	BlackRock Floating Rate Income Trust		1,934,270
	1,022,827	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		11,803,424
	525,934	Eaton Vance Floating-Rate Income Trust		5,995,648
	2,683,681	Eaton Vance Limited Duration Income Fund		30,245,085
	578,265	Eaton Vance Senior Income Trust		3,082,152
	716,639	First Trust High Income Long/Short Fund		9,509,800
	111,655	First Trust Senior Floating Rate 2022 Target Term Fund		922,270
	835,840	Highland Income Fund		6,728,512
	1,387,928	Invesco Dynamic Credit Opportunities Fund		12,352,559
	2,024,713	Invesco Senior Income Trust		7,005,507
	1,335,239	Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.		7,544,100
	557,122	Nuveen AMT-Free Quality Municipal Income Fund		7,743,996
	2,499,497	Nuveen Credit Strategies Income Fund		14,597,062
	578,989	Nuveen Dividend Advantage Municipal Income Fund		8,846,952
	563,544	Nuveen Floating Rate Income Fund		4,451,998
	406,824	Nuveen Floating Rate Income Opportunity Fund		3,193,568
	689,783	Nuveen Global High Income Fund		9,139,625
	1,445,261	Nuveen Quality Municipal Income Fund		20,262,559
	892,908	PGIM Global High Yield Fund, Inc.		11,357,790
	718,549	PGIM High Yield Bond Fund, Inc.		9,506,403
	670,579	Templeton Emerging Markets Income Fund		5,264,045
	3,522,491	Templeton Global Income Fund		18,915,777
	1,270,463	Western Asset Emerging Markets Debt Fund, Inc.		15,652,104
	1,844,973	Western Asset Global High Income Fund, Inc.		17,066,000
	1,294,606	Western Asset High Income Fund II, Inc.		8,026,557
	7,522,487	Western Asset High Income Opportunity Fund, Inc.		34,753,890
	138,083	Western Asset High Yield Defined Opportunity Fund, Inc.		1,929,020
	4,785,804	Western Asset Inflation-Linked Opportunities & Income Fund		52,452,412
TOTAL CLOSED-END FUNDS
(Cost $401,966,182)				380,903,252
BUSINESS DEVELOPMENT COMPANIES - 0.20%
	450,876	Barings BDC, Inc.		3,579,956
TOTAL BUSINESS DEVELOPMENT COMPANIES
(Cost $4,509,757)				3,579,956
COMMON STOCKS - 0.47%
	12,164	Frontera Energy Corp.		30,252
	715,266	Golub Capital BDC, Inc.		8,332,849
	1,662	McDermott International, Inc.(a)(b)		–
TOTAL COMMON STOCKS
(Cost $8,304,250)				8,363,101

Shares/Description			Value
OPEN-END FUNDS - 1.63%
	3,285,296	RiverNorth/Oaktree High Income Fund, Class I(c)	$	29,055,484
TOTAL OPEN-END FUNDS
(Cost $31,073,100)				29,055,484
PREFERRED STOCKS - 1.46%
	333,397	Allianzgi Convertible & Income Fund, Series A, 5.625%(d)		8,561,635
	305,811	Hercules Capital, Inc., 5.250%, 04/30/2025		7,629,984
	188,696	New Mountain Finance Corp., 5.750%, 10/01/2023		4,528,704
	233,620	PennantPark Investment Corp., 5.500%, 10/15/2024		5,256,450
TOTAL PREFERRED STOCKS
(Cost $26,071,093)				25,976,773

Shares/Description			Rate	Maturity	Value
BUSINESS DEVELOPMENT COMPANY NOTES - 1.11%
United States - 1.11%
	194,239	Portman Ridge Finance Corp.	6.13%	09/30/2022		4,681,160
	179,152	THL Credit, Inc.	6.75%	12/30/2022		4,378,475
	208,354	THL Credit, Inc.	6.13%	10/30/2023		4,929,656
	237,249	TriplePoint Venture Growth BDC Corp.	5.75%	07/15/2022		5,710,583
TOTAL BUSINESS DEVELOPMENT COMPANY NOTES
(Cost $19,904,219)						19,699,874

Principal Amount/Description			Rate	Maturity	Value
FOREIGN CORPORATE BONDS - 4.55%
Argentina - 0.08%
$	150,000	AES Argentina Generacion SA(e)	7.75%	02/02/2024		109,125
	600,000	Banco Macro SA(e)(f)	6.75%	11/04/2026		492,390
	150,000	Capex SA(e)	6.88%	05/15/2024		111,172
	150,000	Pampa Energia SA(g)	9.13%	04/15/2029		121,810
	450,000	Pampa Energia SA(e)	9.13%	04/15/2029		365,432
	575,629	Stoneway Capital Corp.(e)(h)	10.00%	03/01/2027		197,153
						1,397,082
Australia - 0.18%
	1,000,000	APT Pipelines, Ltd.(g)	4.25%	07/15/2027		1,117,818
	475,000	Commonwealth Bank of Australia(g)	4.32%	01/10/2048		561,249
	530,000	Macquarie Group, Ltd.(f)(g)	3M US L + 1.33%	03/27/2024		569,471
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)	3.38%	04/30/2025		516,612
	500,000	Sydney Airport Finance Co. Pty, Ltd.(g)	3.63%	04/28/2026		524,609
						3,289,759
Bermuda - 0.02%
	400,000	Ooredoo International Finance, Ltd.(e)	3.25%	02/21/2023		417,508
Brazil - 0.25%
	650,000	Banco do Brasil SA(d)(e)(f)	6.25%	Perpetual Maturity		572,487
	600,000	CSN Islands XI Corp.(g)	6.75%	01/28/2028		514,500
	1,050,000	CSN Islands XII Corp.(d)(e)	7.00%	Perpetual Maturity		782,570
	300,000	CSN Resources SA(g)	7.63%	04/17/2026		259,875

Principal Amount/Description			Rate	Maturity	Value
$	200,000	Globo Comunicacao e Participacoes SA(g)	4.88%	01/22/2030	$	181,200
	850,000	Nexa Resources SA(g)	6.50%	01/18/2028		863,175
	950,000	Oi SA(i)	10.00% (4.00%)	07/27/2025		793,488
	550,000	Unigel Luxembourg SA(e)	8.75%	10/01/2026		445,500
						4,412,795
British Virgin Islands - 0.07%
	400,000	C10 Capital SPV, Ltd.(d)(e)(f)	3M US L + 4.71%	Perpetual Maturity		370,400
	200,000	C5 Capital SPV, Ltd.(d)(e)(f)	3M US L + 4.28%	Perpetual Maturity		155,000
	800,000	Radiant Access, Ltd.(d)	4.60%	Perpetual Maturity		794,452
						1,319,852
Canada - 0.34%
	405,000	Bank of Montreal(f)	3.80%	12/15/2032		436,236
	355,000	Bank of Nova Scotia	1.63%	05/01/2023		363,532
	140,000	Bombardier, Inc.(g)	6.00%	10/15/2022		98,343
	1,000,000	Canacol Energy, Ltd.(e)	7.25%	05/03/2025		1,013,655
	270,000	CCL Industries, Inc.(g)	3.05%	06/01/2030		276,792
	165,000	Garda World Security Corp.(g)	8.75%	05/15/2025		167,576
	130,000	GFL Environmental, Inc.(g)	4.25%	06/01/2025		131,381
	185,000	GFL Environmental, Inc.(g)	5.13%	12/15/2026		191,937
	72,000	GFL Environmental, Inc.(g)	8.50%	05/01/2027		78,467
	600,000	Gran Tierra Energy, Inc.(g)	7.75%	05/23/2027		272,625
	175,000	Kronos Acquisition Holdings, Inc.(g)	9.00%	08/15/2023		168,200
	205,000	Mattamy Group Corp.(g)	4.63%	03/01/2030		197,153
	51,000	MEG Energy Corp.(g)	7.00%	03/31/2024		43,865
	265,000	MEG Energy Corp.(g)	7.13%	02/01/2027		220,944
	400,000	MEGlobal Canada ULC(g)	5.00%	05/18/2025		432,172
	200,000	MEGlobal Canada ULC(g)	5.88%	05/18/2030		226,734
	470,000	Nutrien, Ltd.	4.20%	04/01/2029		545,701
	145,000	Parkland Corp.(g)	5.88%	07/15/2027		150,773
	55,000	Telesat Canada / Telesat LLC(g)	6.50%	10/15/2027		54,268
	175,000	Tervita Corp.(g)	7.63%	12/01/2021		137,868
	750,000	TransCanada PipeLines, Ltd.	4.25%	05/15/2028		863,312
						6,071,534
Cayman Islands - 0.33%
	310,000	Banco BTG Pactual SA(f)(g)	7.75%	02/15/2029		314,650
	600,000	Banco BTG Pactual SA(e)(f)	7.75%	02/15/2029		606,000
	200,000	Banco Mercantil del Norte SA/Grand Cayman(d)(f)(g)	7.50%	Perpetual Maturity		188,288
	1,150,000	Banco Mercantil del Norte SA/Grand Cayman(d)(e)(f)	7.63%	Perpetual Maturity		1,098,986
	1,000,000	CK Hutchison Capital Securities 17, Ltd.(d)(e)(f)	4.00%	Perpetual Maturity		1,002,469
	155,000	Global Aircraft Leasing Co., Ltd.(g)(i)	6.50% (7.25%)	09/15/2024		104,237
	624,000	Gran Tierra Energy International Holdings, Ltd.(e)	6.25%	02/15/2025		277,487
	200,000	Grupo Aval, Ltd.(g)	4.38%	02/04/2030		191,188
	783,651	Interoceanica IV Finance, Ltd.(e)(j)	0.00%	11/30/2025		721,939
	700,000	Itau Unibanco Holding SA Island(d)(f)(g)	4.63%	Perpetual Maturity		577,937
	200,000	Latam Finance, Ltd.(g)(h)	7.00%	03/01/2026		55,500
	200,000	Latam Finance, Ltd.(e)(h)	6.88%	04/11/2024		57,500
	900,000	Latam Finance, Ltd.(e)(h)	7.00%	03/01/2026		249,750
	161,494	Lima Metro Line 2 Finance, Ltd.(g)	5.88%	07/05/2034		190,976

Principal Amount/Description			Rate	Maturity	Value
$	210,000	Transocean Poseidon, Ltd.(g)	6.88%	02/01/2027	$	181,650
						5,818,557
Chile - 0.35%
	600,000	AES Gener SA(f)(g)	6.35%	10/07/2079		604,125
	200,000	AES Gener SA(e)(f)	7.13%	03/26/2079		206,853
	900,000	Empresa de Transporte de Pasajeros Metro SA(g)	5.00%	01/25/2047		1,048,765
	1,000,000	Empresa Electrica Guacolda SA(e)	4.56%	04/30/2025		828,477
	1,600,000	Geopark, Ltd.(e)	6.50%	09/21/2024		1,476,872
	650,000	GNL Quintero SA(e)	4.63%	07/31/2029		698,724
	750,000	Transelec SA(e)	3.88%	01/12/2029		789,233
	600,000	VTR Finance NV(e)	6.88%	01/15/2024		613,752
						6,266,801
China - 0.29%
	200,000	Agile Group Holdings, Ltd.(d)(f)	6.88%	Perpetual Maturity		193,492
	300,000	Agile Group Holdings, Ltd.(d)	7.88%	Perpetual Maturity		296,549
	295,000	Agile Group Holdings, Ltd.(d)(f)	7.75%	Perpetual Maturity		286,835
	200,000	Baidu, Inc.	3.43%	04/07/2030		217,668
	200,000	Central China Real Estate, Ltd.	7.25%	04/24/2023		197,737
	700,000	Central China Real Estate, Ltd.	7.25%	07/16/2024		676,289
	750,000	CIFI Holdings Group Co., Ltd.(d)(f)	5.38%	Perpetual Maturity		734,032
	400,000	JD.com, Inc.	3.38%	01/14/2030		429,558
	650,000	Sinopec Group Overseas Development 2018, Ltd.(g)	2.70%	05/13/2030		670,455
	500,000	Tencent Holdings, Ltd.(g)	2.39%	06/03/2030		501,161
	350,000	Yuzhou Properties Co., Ltd.	8.30%	05/27/2025		347,373
	600,000	Yuzhou Properties Co., Ltd.	7.38%	01/13/2026		565,384
						5,116,533
Colombia - 0.12%
	350,000	Credivalores-Crediservicios SAS(g)	8.88%	02/07/2025		279,125
	200,000	Credivalores-Crediservicios SAS(e)	9.75%	07/27/2022		164,247
	400,000	Credivalores-Crediservicios SAS	8.88%	02/07/2025		319,000
	150,000	Gilex Holding Sarl(g)	8.50%	05/02/2023		148,073
	750,000	Gilex Holding Sarl(e)	8.50%	05/02/2023		740,366
	600,000	Tecnoglass, Inc.(e)	8.20%	01/31/2022		585,309
						2,236,120
Dominican Republic - 0.05%
	600,000	Aeropuertos Dominicanos Siglo XXI SA(e)	6.75%	03/30/2029		543,156
	300,000	Banco de Reservas de la Republica Dominicana(g)	7.00%	02/01/2023		302,628
						845,784
Great Britain - 0.24%
	710,000	Anglo American Capital PLC(g)	4.50%	03/15/2028		779,574
	565,000	Barclays PLC(f)	3M US L + 1.38%	05/16/2024		560,043
	510,000	Credit Agricole SA/London(g)	3.75%	04/24/2023		546,210
	930,000	HSBC Holdings PLC(f)	3M US L + 1.38%	09/12/2026		915,547
	350,000	Imperial Brands Finance PLC(g)	3.50%	07/26/2026		374,744
	530,000	Lloyds Banking Group PLC(f)	3M US L + 1.21%	11/07/2028		576,259
	450,000	Vedanta Resources Finance II PLC(g)	9.25%	04/23/2026		320,850
	200,000	Vedanta Resources Finance II PLC(e)	9.25%	04/23/2026		142,600
						4,215,827

Principal Amount/Description			Rate	Maturity	Value
Guatemala - 0.02%
$	300,000	Energuate Trust(e)	5.88%	05/03/2027	$	295,818
Hong Kong - 0.04%
	200,000	CNOOC Finance 2013, Ltd.	3.00%	05/09/2023		208,940
	200,000	RKP Overseas Finance, Ltd.(d)	7.95%	Perpetual Maturity		182,857
	400,000	RKPF Overseas, Ltd.(d)(f)	7.75%	Perpetual Maturity		380,000
						771,797
India - 0.11%
	200,000	Adani Ports & Special Economic Zone, Ltd.(e)	3.95%	01/19/2022		202,314
	200,000	Indian Oil Corp., Ltd.	5.75%	08/01/2023		216,322
	950,000	Network i2i, Ltd.(d)(f)(g)	5.65%	Perpetual Maturity		924,350
	800,000	Vedanta Resources, Ltd.(e)	6.13%	08/09/2024		555,697
						1,898,683
Indonesia - 0.12%
	450,000	Bayan Resources Tbk PT(e)	6.13%	01/24/2023		423,879
	1,000,000	Perusahaan Perseroan Persero PT Perusahaan Listrik Negara(e)	5.50%	11/22/2021		1,047,625
	589,550	Star Energy Geothermal Wayang Windu, Ltd.(e)	6.75%	04/24/2033		615,309
						2,086,813
Ireland - 0.11%
	760,000	AerCap Ireland Capital DAC / AerCap Global Aviation Trust	3.50%	01/15/2025		713,767
	600,000	C&W Senior Financing DAC(e)	6.88%	09/15/2027		596,037
	640,000	Shire Acquisitions Investments Ireland DAC	2.88%	09/23/2023		678,267
						1,988,071
Israel - 0.08%
	100,000	Delek & Avner Tamar Bond, Ltd.(g)	5.08%	12/30/2023		99,792
	100,000	Delek & Avner Tamar Bond, Ltd.(g)	5.41%	12/30/2025		98,344
	1,100,000	Israel Electric Corp., Ltd.(g)	5.00%	11/12/2024		1,236,142
						1,434,278
Jamaica - 0.00%(k)
	61,466	Digicel Group 0.5, Ltd.(g)(i)	8.00% (8.00%)	04/01/2025		16,903
Japan - 0.10%
	550,000	Mitsubishi UFJ Financial Group, Inc.(f)	3M US L + 0.74%	03/02/2023		547,934
	1,325,000	Sumitomo Mitsui Financial Group, Inc.(f)	3M US L + 0.74%	01/17/2023		1,321,060
						1,868,994
Luxembourg - 0.07%
	600,000	JSL Europe SA(e)	7.75%	07/26/2024		595,500
	550,000	Millicom International Cellular SA(e)	6.25%	03/25/2029		587,023
						1,182,523
Malaysia - 0.04%
	200,000	CIMB Bank Bhd(f)	3M US L + 0.78%	10/09/2024		195,292
	400,000	Malayan Banking Bhd(f)	3.91%	10/29/2026		406,070
	200,000	TNB Global Ventures Capital Bhd	3.24%	10/19/2026		213,032
						814,394

Principal Amount/Description			Rate	Maturity	Value
Mauritius - 0.07%
$	900,000	UPL Corp., Ltd.(d)(f)	5.25%	Perpetual Maturity	$	821,250
	400,000	UPL Corp., Ltd.(e)	3.25%	10/13/2021		399,930
						1,221,180
Mexico - 0.46%
	700,000	Alpha Holding SA de CV(g)	9.00%	02/10/2025		626,500
	200,000	Alpha Holding SA de CV(e)	9.00%	02/10/2025		179,000
	500,000	Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand(d)(f)	8.50%	Perpetual Maturity		481,765
	650,000	BBVA Bancomer SA(e)(f)	5.13%	01/18/2033		606,999
	650,000	Braskem Idesa SAPI(g)	7.45%	11/15/2029		609,577
	300,000	Braskem Idesa SAPI(e)	7.45%	11/15/2029		281,343
	400,000	Cemex SAB de CV(e)	7.75%	04/16/2026		409,304
	522,500	Cometa Energia SA de CV(e)	6.38%	04/24/2035		546,167
	1,200,000	Credito Real SAB de CV SOFOM ER(d)(e)(f)	9.13%	Perpetual Maturity		1,029,600
	301,619	Fermaca Enterprises S RL(e)	6.38%	03/30/2038		321,978
	800,000	Mexarrend SAPI de CV(g)	10.25%	07/24/2024		683,000
	200,000	Mexarrend SAPI de CV(e)	10.25%	07/24/2024		170,750
	750,000	Operadora de Servicios Mega SA de CV Sofom ER(g)	8.25%	02/11/2025		696,656
	600,000	TV Azteca SAB de CV	8.25%	08/09/2024		264,687
	200,000	Unifin Financiera SAB de CV(e)	7.38%	02/12/2026		149,988
	200,000	Unifin Financiera SAB de CV(e)	8.38%	01/27/2028		148,875
	1,400,000	Unifin Financiera SAB de CV(d)(e)(f)	8.88%	Perpetual Maturity		920,514
						8,126,703
Netherlands - 0.29%
	400,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(g)	7.95%	05/11/2026		406,000
	745,000	AES Andres BV / Dominican Power Partners / Empresa Generadora de Electricidad It(e)	7.95%	05/11/2026		756,175
	200,000	Ajecorp BV(e)	6.50%	05/14/2022		197,703
	950,000	Braskem Netherlands Finance BV(e)	5.88%	01/31/2050		838,613
	256,500	Indo Energy Finance II BV(e)	6.38%	01/24/2023		241,007
	800,000	Metinvest BV(e)	7.75%	10/17/2029		751,292
	335,000	NXP BV / NXP Funding LLC / NXP USA, Inc.(g)	3.88%	06/18/2026		375,428
	700,000	Petrobras Global Finance BV	6.90%	03/19/2049		738,850
	200,000	Syngenta Finance NV	4.38%	03/28/2042		182,323
	600,000	Syngenta Finance NV(e)	5.68%	04/24/2048		609,331
						5,096,722
New Zealand - 0.03%
	520,000	Bank of New Zealand(g)	3.50%	02/20/2024		564,784
Panama - 0.05%
	200,000	Aeropuerto Internacional de Tocumen SA(e)	5.63%	05/18/2036		215,500
	150,000	Banco de Credito del Peru/Panama(e)(f)	7.043% - 3M US L	04/24/2027		159,750
	300,000	Global Bank Corp.(f)(g)	3M US L + 3.30%	04/16/2029		308,250
	200,000	Multibank, Inc.(e)	4.38%	11/09/2022		201,805
						885,305

Principal Amount/Description			Rate	Maturity	Value
Peru - 0.17%
$	100,000	Banco BBVA Peru SA(e)	5.00%	08/26/2022	$	106,101
	200,000	Banco de Credito del Peru(g)	3.13%	07/01/2030		199,050
	300,000	Camposol SA(g)	6.00%	02/03/2027		295,338
	200,000	Credicorp, Ltd.(g)	2.75%	06/17/2025		199,430
	1,150,000	Hunt Oil Co. of Peru LLC Sucursal Del Peru(e)	6.38%	06/01/2028		1,121,250
	1,450,000	Peru LNG Srl(e)	5.38%	03/22/2030		1,145,225
						3,066,394
Philippines - 0.06%
	600,000	BDO Unibank, Inc.	2.95%	03/06/2023		614,935
	400,000	Union Bank of the Philippines	3.37%	11/29/2022		414,599
						1,029,534
Singapore - 0.23%
	715,000	BOC Aviation, Ltd.(f)(g)	3M US L + 1.13%	09/26/2023		694,086
	800,000	DBS Group Holdings, Ltd.(d)(f)	3.60%	Perpetual Maturity		804,250
	200,000	Indika Energy Capital III Pte, Ltd.(e)	5.88%	11/09/2024		179,990
	400,000	Medco Bell Pte, Ltd.(g)	6.38%	01/30/2027		343,209
	600,000	Medco Oak Tree Pte, Ltd.(e)	7.38%	05/14/2026		560,514
	400,000	ONGC Videsh Vankorneft Pte, Ltd.	3.75%	07/27/2026		412,642
	200,000	PSA Treasury Pte, Ltd.	2.13%	09/05/2029		207,292
	400,000	United Overseas Bank, Ltd.(f)	2.88%	03/08/2027		406,094
	500,000	United Overseas Bank, Ltd.(d)(f)	3.88%	Perpetual Maturity		507,340
						4,115,417
South Korea - 0.01%
	200,000	Korea East-West Power Co., Ltd.(g)	1.75%	05/06/2025		206,379
Spain - 0.11%
	1,100,000	AI Candelaria Spain SLU(e)	7.50%	12/15/2028		1,114,916
	800,000	Banco Santander SA(f)	3M US L + 1.09%	02/23/2023		789,817
						1,904,733
Switzerland - 0.05%
	500,000	Credit Suisse Group AG(f)(g)	3M US L + 1.24%	06/12/2024		502,722
	450,000	Walnut Bidco PLC(e)	9.13%	08/01/2024		459,972
						962,694
Thailand - 0.01%
	200,000	PTTEP Treasury Center Co., Ltd.(g)	2.59%	06/10/2027		204,975
TOTAL FOREIGN CORPORATE BONDS
(Cost $82,780,351)						81,151,246
U.S. CORPORATE BONDS - 5.37%
Advertising - 0.03%
	560,000	Interpublic Group of Cos., Inc.	5.40%	10/01/2048		618,045
Aerospace/Defense - 0.08%
	405,000	Lockheed Martin Corp.	4.70%	05/15/2046		553,752
	350,000	Northrop Grumman Corp.	5.15%	05/01/2040		467,310
	30,000	TransDigm, Inc.(g)	8.00%	12/15/2025		31,661
	220,000	TransDigm, Inc.(g)	6.25%	03/15/2026		220,242
	75,000	TransDigm, Inc.	6.38%	06/15/2026		68,682
	135,000	TransDigm, Inc.	5.50%	11/15/2027		118,222
	90,000	Triumph Group, Inc.	7.75%	08/15/2025		68,062
						1,527,931

Principal Amount/Description			Rate	Maturity	Value
Agriculture - 0.14%
$	795,000	Altria Group, Inc.	4.80%	02/14/2029	$	927,381
	1,270,000	BAT Capital Corp.	3.46%	09/06/2029		1,353,506
	315,000	Pyxus International, Inc.(g)(h)	8.50%	04/15/2021		303,975
						2,584,862
Airlines - 0.02%
	215,000	Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets, Ltd.(g)	6.50%	06/20/2027		216,075
	125,000	Southwest Airlines Co.	4.75%	05/04/2023		129,156
						345,231
Apparel - 0.02%
	310,000	William Carter Co.(g)	5.50%	05/15/2025		320,269
Auto Manufacturers - 0.13%
	110,000	Ford Motor Co.	9.00%	04/22/2025		119,144
	200,000	Ford Motor Credit Co. LLC	5.75%	02/01/2021		201,686
	200,000	Ford Motor Credit Co. LLC	4.39%	01/08/2026		189,907
	865,000	General Motors Financial Co., Inc.(f)	3M US L + 0.99%	01/05/2023		834,077
	25,000	General Motors Financial Co., Inc.	3.95%	04/13/2024		25,876
	560,000	Hyundai Capital America(g)	2.65%	02/10/2025		563,539
	355,000	Volkswagen Group of America Finance LLC(g)	4.25%	11/13/2023		388,910
						2,323,139
Auto Parts & Equipment - 0.01%
	105,000	Clarios Global LP / Clarios US Finance Co.(g)	6.25%	05/15/2026		108,745
Banks - 0.21%
	300,000	BBVA Bancomer SA(e)(f)	5.40%	11/12/2029		294,000
	855,000	Citigroup, Inc.(f)	3M US L + 1.10%	05/17/2024		856,054
	720,000	Goldman Sachs Group, Inc.(f)	3M US L + 1.17%	05/15/2026		715,142
	350,000	JPMorgan Chase & Co.(f)	1D US SOFR + 2.04%	04/22/2031		370,444
	500,000	Morgan Stanley(f)	3M US L + 1.34%	07/22/2028		563,022
	470,000	Wells Fargo & Co.(f)	3M US L + 1.17%	06/17/2027		509,896
	490,000	Wells Fargo & Co.(f)	3M US L + 1.17%	10/30/2030		524,085
						3,832,643
Beverages - 0.05%
	550,000	Anheuser-Busch InBev Worldwide, Inc.	4.60%	04/15/2048		643,130
	115,000	Constellation Brands, Inc.	3.15%	08/01/2029		123,523
	35,000	Constellation Brands, Inc.	2.88%	05/01/2030		37,170
	85,000	Keurig Dr Pepper, Inc.	3.80%	05/01/2050		97,413
						901,236
Building Materials - 0.06%
	180,000	Builders FirstSource, Inc.(g)	6.75%	06/01/2027		184,804
	140,000	Builders FirstSource, Inc.(g)	5.00%	03/01/2030		131,928
	360,000	Carrier Global Corp.(g)	3.38%	04/05/2040		351,360
	130,000	Griffon Corp.	5.75%	03/01/2028		128,700
	275,000	Owens Corning	4.40%	01/30/2048		287,052
						1,083,844
Chemicals - 0.11%
	215,000	DuPont de Nemours, Inc.	5.42%	11/15/2048		285,591
	780,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.(g)	9.00%	07/01/2028		815,100
	700,000	Sasol Financing USA LLC	5.88%	03/27/2024		626,500

Principal Amount/Description			Rate	Maturity	Value
$	200,000	Sasol Financing USA LLC	6.50%	09/27/2028	$	177,832
						1,905,023
Coal - 0.01%
	110,000	Peabody Energy Corp.(g)	6.00%	03/31/2022		71,844
	170,000	SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp.(g)	7.50%	06/15/2025		144,213
						216,057
Commercial Services - 0.06%
	140,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)	6.63%	07/15/2026		147,454
	160,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(g)	9.75%	07/15/2027		168,879
	80,000	Jaguar Holding Co. II / PPD Development LP(g)	5.00%	06/15/2028		82,050
	195,000	MPH Acquisition Holdings LLC(g)	7.13%	06/01/2024		182,078
	45,000	RELX Capital, Inc.	3.00%	05/22/2030		48,790
	125,000	United Rentals North America, Inc.	6.50%	12/15/2026		131,488
	160,000	United Rentals North America, Inc.	5.25%	01/15/2030		165,570
	197,000	Verscend Escrow Corp.(g)	9.75%	08/15/2026		212,824
						1,139,133
Computers - 0.15%
	545,000	Apple, Inc.	4.65%	02/23/2046		747,456
	515,000	Dell International LLC / EMC Corp.(g)	6.10%	07/15/2027		595,709
	110,000	DXC Technology Co.	4.00%	04/15/2023		115,523
	240,000	DXC Technology Co.	4.13%	04/15/2025		255,806
	780,000	Flexential Intermediate Corp.(g)	11.25%	08/01/2024		778,537
	190,000	NetApp, Inc.	1.88%	06/22/2025		192,695
						2,685,726
Distribution/Wholesale - 0.01%
	160,000	Performance Food Group, Inc.(g)	5.50%	10/15/2027		154,693
Diversified Financial Services - 0.26%
	813,000	Air Lease Corp.	3.75%	02/01/2022		822,098
	220,000	Capital One Financial Corp.(f)	3M US L + 0.72%	01/30/2023		216,152
	690,000	Charles Schwab Corp.	3.55%	02/01/2024		757,297
	1,055,000	Discover Financial Services	4.10%	02/09/2027		1,153,891
	140,000	Nationstar Mortgage Holdings, Inc.(g)	8.13%	07/15/2023		144,033
	95,000	Navient Corp.	5.00%	03/15/2027		80,009
	265,000	NFP Corp.(g)	6.88%	07/15/2025		255,122
	165,000	Springleaf Finance Corp.	6.63%	01/15/2028		163,629
	745,000	Synchrony Financial	3.95%	12/01/2027		779,070
	265,000	Tempo Acquisition LLC / Tempo Acquisition Finance Corp.(g)	6.75%	06/01/2025		269,138
						4,640,439
Electric - 0.39%
	210,000	Arizona Public Service Co.	3.35%	05/15/2050		224,867
	155,000	Calpine Corp.(g)	5.13%	03/15/2028		151,842
	55,000	Duke Energy Corp.	3.75%	09/01/2046		62,389
	485,000	Duke Energy Corp.	3.95%	08/15/2047		568,175
	535,000	Duke Energy Progress LLC	4.15%	12/01/2044		655,368
	175,000	Entergy Corp.	2.80%	06/15/2030		184,694
	105,000	FirstEnergy Corp.	2.25%	09/01/2030		105,444
	240,000	General Electric Co.	5.88%	01/14/2038		268,801
	715,000	Georgia Power Co.	2.20%	09/15/2024		750,891
	1,100,000	ITC Holdings Corp.	3.25%	06/30/2026		1,206,770
	275,000	Monongahela Power Co.(g)	5.40%	12/15/2043		385,004

Principal Amount/Description			Rate	Maturity	Value
$	500,000	NextEra Energy Capital Holdings, Inc.	2.25%	06/01/2030	$	514,751
	65,000	PG&E Corp.	5.00%	07/01/2028		64,919
	370,000	Pinnacle West Capital Corp.	1.30%	06/15/2025		375,808
	255,000	PSEG Power LLC	3.85%	06/01/2023		275,565
	1,000,000	Virginia Electric and Power Co.	3.50%	03/15/2027		1,135,516
						6,930,804
Electrical Components & Equipment - 0.01%
	175,000	Energizer Holdings, Inc.(g)	4.75%	06/15/2028		172,107
Electronics - 0.02%
	390,000	Arrow Electronics, Inc.	3.88%	01/12/2028		408,891
Engineering & Construction - 0.02%
	400,000	SBA Tower Trust(g)	3.17%	04/11/2022		404,396
Entertainment - 0.09%
	150,000	Cedar Fair LP(g)	5.25%	07/15/2029		135,872
	160,000	Colt Merger Sub, Inc.(g)	6.25%	07/01/2025		159,152
	160,000	Eldorado Resorts, Inc.	6.00%	04/01/2025		166,983
	210,000	Lions Gate Capital Holdings LLC(g)	6.38%	02/01/2024		205,404
	150,000	Live Nation Entertainment, Inc.(g)	6.50%	05/15/2027		154,781
	220,000	Live Nation Entertainment, Inc.(g)	4.75%	10/15/2027		189,773
	135,000	Scientific Games International, Inc.(g)	7.25%	11/15/2029		108,228
	305,000	Six Flags Theme Parks, Inc.(g)	7.00%	07/01/2025		316,628
	180,000	Twin River Worldwide Holdings, Inc.(g)	6.75%	06/01/2027		171,641
						1,608,462
Environmental Control - 0.03%
	610,000	Waste Management, Inc.	4.00%	07/15/2039		630,362
Food - 0.21%
	100,000	B&G Foods, Inc.	5.25%	04/01/2025		100,850
	80,000	B&G Foods, Inc.	5.25%	09/15/2027		80,275
	185,000	Campbell Soup Co.	2.38%	04/24/2030		191,979
	40,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	5.88%	07/15/2024		40,613
	25,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	5.75%	06/15/2025		25,375
	230,000	JBS USA LUX SA / JBS USA Finance, Inc.(g)	6.75%	02/15/2028		243,471
	63,000	Kraft Heinz Foods Co.	3.95%	07/15/2025		67,359
	75,000	Kraft Heinz Foods Co.	5.00%	07/15/2035		82,583
	205,000	Kraft Heinz Foods Co.	5.20%	07/15/2045		222,557
	825,000	Kroger Co.	3.40%	04/15/2022		860,186
	90,000	Mondelez International, Inc.	2.13%	04/13/2023		93,277
	210,000	Mondelez International, Inc.	1.50%	05/04/2025		214,265
	130,000	Pilgrim's Pride Corp.(g)	5.88%	09/30/2027		130,327
	180,000	Post Holdings, Inc.(g)	4.63%	04/15/2030		176,967
	684,000	Smithfield Foods, Inc.(g)	4.25%	02/01/2027		699,731
	465,000	Sysco Corp.	3.30%	02/15/2050		435,670
	25,000	US Foods, Inc.(g)	6.25%	04/15/2025		25,547
						3,691,032
Food Service - 0.02%
	275,000	Aramark Services, Inc.(g)	6.38%	05/01/2025		284,489
Healthcare-Products - 0.04%
	145,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(g)	7.38%	06/01/2025		147,628

Principal Amount/Description			Rate	Maturity	Value
$	505,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(g)	7.25%	02/01/2028	$	514,585
						662,213
Healthcare-Services - 0.12%
	265,000	Anthem, Inc.	2.38%	01/15/2025		281,021
	235,000	HCA, Inc.	5.38%	09/01/2026		256,432
	120,000	HCA, Inc.	4.13%	06/15/2029		132,489
	85,000	Health Care Service Corp. A Mutual Legal Reserve Co.(g)	3.20%	06/01/2050		87,013
	85,000	LifePoint Health, Inc.(g)	6.75%	04/15/2025		87,975
	145,000	LifePoint Health, Inc.(g)	4.38%	02/15/2027		137,387
	45,000	Molina Healthcare, Inc.(g)	4.38%	06/15/2028		45,197
	935,000	Radiology Partners, Inc.(g)	9.25%	02/01/2028		883,575
	155,000	Select Medical Corp.(g)	6.25%	08/15/2026		157,043
	130,000	West Street Merger Sub, Inc.(g)	6.38%	09/01/2025		126,180
						2,194,312
Insurance - 0.17%
	125,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer(g)	6.75%	10/15/2027		124,789
	520,000	Athene Global Funding(g)	3.00%	07/01/2022		532,837
	785,000	Equitable Holdings, Inc.	3.90%	04/20/2023		840,588
	160,000	GTCR AP Finance, Inc.(g)	8.00%	05/15/2027		165,269
	340,000	Prudential Financial, Inc.	3.91%	12/07/2047		387,039
	835,000	Willis North America, Inc.	4.50%	09/15/2028		975,366
						3,025,888
Internet - 0.03%
	350,000	Expedia Group, Inc.	3.80%	02/15/2028		336,548
	125,000	Uber Technologies, Inc.(g)	7.50%	09/15/2027		125,287
						461,835
Investment Companies - 0.54%
	5,000,000	Business Development Corp. of America(g)	5.38%	05/30/2023		4,455,228
	5,000,000	FS KKR Capital Corp.	4.75%	05/15/2022		4,961,162
	180,000	Icahn Enterprises LP / Icahn Enterprises Finance Corp.	5.25%	05/15/2027		174,262
						9,590,652
Leisure Time - 0.02%
	50,000	Carnival Corp.(g)	11.50%	04/01/2023		54,122
	55,000	Viking Cruises, Ltd.(g)	13.00%	05/15/2025		58,265
	290,000	Viking Cruises, Ltd.(g)	5.88%	09/15/2027		173,329
						285,716
Lodging - 0.03%
	200,000	Boyd Gaming Corp.(g)	4.75%	12/01/2027		172,068
	30,000	Hilton Domestic Operating Co., Inc.(g)	5.38%	05/01/2025		30,019
	30,000	Hilton Domestic Operating Co., Inc.(g)	5.75%	05/01/2028		30,431
	275,000	MGM Resorts International	6.75%	05/01/2025		273,475
						505,993
Machinery-Construction & Mining - 0.00%(k)
	80,000	BWX Technologies, Inc.(g)	4.13%	06/30/2028		80,100
Machinery-Diversified - 0.01%
	240,000	John Deere Capital Corp.	3.45%	01/10/2024		263,594
Manufactured Goods - 0.01%
	105,000	Gates Global LLC / Gates Corp.(g)	6.25%	01/15/2026		104,168

Principal Amount/Description			Rate	Maturity	Value
Media - 0.10%
$	105,000	Cengage Learning, Inc.(g)	9.50%	06/15/2024	$	73,883
	485,000	Charter Communications Operating LLC / Charter Communications Operating Capital	4.91%	07/23/2025		556,527
	165,000	Clear Channel Worldwide Holdings, Inc.(g)	5.13%	08/15/2027		158,690
	320,000	Comcast Corp.	3.40%	04/01/2030		365,146
	135,000	Diamond Sports Group LLC / Diamond Sports Finance Co.(g)	5.38%	08/15/2026		98,539
	245,000	Gray Television, Inc.(g)	7.00%	05/15/2027		251,774
	35,000	iHeartCommunications, Inc.	8.38%	05/01/2027		32,137
	90,000	Nexstar Broadcasting, Inc.(g)	5.63%	07/15/2027		90,228
	130,000	Scripps Escrow, Inc.(g)	5.88%	07/15/2027		123,395
						1,750,319
Mining - 0.04%
	195,000	Arconic Corp.(g)	6.13%	02/15/2028		195,502
	400,000	Freeport-McMoRan, Inc.	5.45%	03/15/2043		393,354
	80,000	Novelis Corp.(g)	4.75%	01/30/2030		76,599
						665,455
Oil & Gas - 0.37%
	95,000	Apache Corp.	4.38%	10/15/2028		83,931
	715,000	Brooklyn Union Gas Co.(g)	4.49%	03/04/2049		890,517
	715,000	CNOOC Finance 2015 USA, LLC	3.75%	05/02/2023		761,589
	390,000	East Ohio Gas Co.(g)	3.00%	06/15/2050		391,273
	110,000	EOG Resources, Inc.	4.38%	04/15/2030		131,203
	100,000	EQT Corp.	6.13%	02/01/2025		99,826
	265,000	Exxon Mobil Corp.	2.61%	10/15/2030		283,140
	165,000	Exxon Mobil Corp.	4.23%	03/19/2040		200,096
	175,000	Gulfport Energy Corp.	6.38%	05/15/2025		87,929
	430,000	Halliburton Co.	2.92%	03/01/2030		408,661
	140,000	Hilcorp Energy I LP / Hilcorp Finance Co.(g)	6.25%	11/01/2028		112,848
	65,000	Indigo Natural Resources LLC(g)	6.88%	02/15/2026		60,655
	800,000	Kosmos Energy, Ltd.(e)	7.13%	04/04/2026		705,872
	630,000	Marathon Petroleum Corp.	5.13%	12/15/2026		725,489
	175,000	NiSource, Inc.	3.60%	05/01/2030		200,364
	170,000	Oasis Petroleum, Inc.	6.88%	03/15/2022		28,581
	145,000	Occidental Petroleum Corp.	4.10%	02/01/2021		146,305
	75,000	Occidental Petroleum Corp.	8.00%	07/15/2025		75,469
	110,000	Occidental Petroleum Corp.	3.50%	08/15/2029		80,949
	145,000	Parsley Energy LLC / Parsley Finance Corp.(g)	5.63%	10/15/2027		143,161
	265,000	PBF Holding Co. LLC / PBF Finance Corp.(g)	9.25%	05/15/2025		283,384
	140,000	QEP Resources, Inc.	5.63%	03/01/2026		89,342
	110,000	Sunoco LP / Sunoco Finance Corp.	6.00%	04/15/2027		109,151
	135,000	Transocean, Inc.(g)	8.00%	02/01/2027		76,444
	220,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		209,328
	95,000	WPX Energy, Inc.	5.88%	06/15/2028		91,200
	95,000	WPX Energy, Inc.	4.50%	01/15/2030		84,128
						6,560,835
Packaging & Containers - 0.06%
	185,000	Flex Acquisition Co., Inc.(g)	6.88%	01/15/2025		179,101
	185,000	Silgan Holdings, Inc.(g)	4.13%	02/01/2028		183,844

Principal Amount/Description			Rate	Maturity	Value
$	626,000	WRKCo, Inc.	3.75%	03/15/2025	$	694,734
						1,057,679
Pharmaceuticals - 0.29%
	100,000	AbbVie, Inc.	4.70%	05/14/2045		125,433
	285,000	Bausch Health Cos., Inc.(g)	6.25%	02/15/2029		286,960
	1,015,000	Becton Dickinson and Co.	2.89%	06/06/2022		1,050,603
	595,000	Bristol-Myers Squibb Co.(g)	4.35%	11/15/2047		792,352
	355,000	Cigna Corp.(f)	3M US L + 0.89%	07/15/2023		356,952
	340,000	Cigna Corp.	4.90%	12/15/2048		450,166
	290,000	CVS Health Corp.	5.05%	03/25/2048		377,840
	787,000	Eli Lilly and Co.	2.25%	05/15/2050		756,964
	620,000	Merck & Co., Inc.	3.40%	03/07/2029		715,759
	215,000	Upjohn, Inc.(g)	1.65%	06/22/2025		219,440
						5,132,469
Pipelines - 0.19%
	73,000	Antero Midstream Partners LP / Antero Midstream Finance Corp.(g)	5.75%	03/01/2027		57,900
	80,000	Cheniere Energy Partners LP	5.25%	10/01/2025		79,816
	130,000	Cheniere Energy Partners LP	5.63%	10/01/2026		129,119
	275,000	Enable Midstream Partners LP	4.40%	03/15/2027		253,734
	775,000	Energy Transfer Operating LP	4.75%	01/15/2026		846,991
	175,000	EQM Midstream Partners LP(g)	6.50%	07/01/2027		179,695
	180,000	Hess Midstream Operations LP(g)	5.13%	06/15/2028		173,405
	598,000	Kinder Morgan Energy Partners LP	6.95%	01/15/2038		793,452
	180,000	ONEOK, Inc.	3.40%	09/01/2029		175,729
	335,000	Sabine Pass Liquefaction LLC	5.00%	03/15/2027		375,074
	170,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.(g)	5.50%	03/01/2030		164,315
	120,000	Western Midstream Operating LP	3.10%	02/01/2025		113,974
						3,343,204
REITS - 0.33%
	555,000	Alexandria Real Estate Equities, Inc.	4.00%	01/15/2024		614,090
	705,000	American Tower Corp.	3.60%	01/15/2028		788,130
	885,000	Boston Properties LP	3.40%	06/21/2029		977,592
	800,000	Crown Castle International Corp.	3.70%	06/15/2026		892,927
	200,000	Crown Castle International Corp.	3.65%	09/01/2027		223,102
	120,000	Equinix, Inc.	1.80%	07/15/2027		120,724
	198,000	ESH Hospitality, Inc.(g)	5.25%	05/01/2025		191,857
	94,000	MPT Operating Partnership LP / MPT Finance Corp.	5.25%	08/01/2026		97,798
	190,000	National Retail Properties, Inc.	2.50%	04/15/2030		181,879
	660,000	Public Storage	3.39%	05/01/2029		762,751
	55,000	Realogy Group LLC / Realogy Co.-Issuer Corp.(g)	7.63%	06/15/2025		55,000
	75,000	Simon Property Group LP	2.45%	09/13/2029		74,431
	795,000	Welltower, Inc.	3.95%	09/01/2023		856,874
						5,837,155
Retail - 0.20%
	27,000	Asbury Automotive Group, Inc.(g)	4.50%	03/01/2028		26,274
	27,000	Asbury Automotive Group, Inc.(g)	4.75%	03/01/2030		26,393
	235,000	Beacon Roofing Supply, Inc.(g)	4.88%	11/01/2025		210,365
	60,000	Carvana Co.(g)	8.88%	10/01/2023		60,356
	120,000	Costco Wholesale Corp.	1.75%	04/20/2032		122,267
	450,000	Dollar Tree, Inc.	4.00%	05/15/2025		507,044
	235,000	Golden Nugget, Inc.(g)	6.75%	10/15/2024		169,200

Principal Amount/Description			Rate	Maturity	Value
$	335,000	Home Depot, Inc.	3.90%	06/15/2047	$	410,384
	195,000	IRB Holding Corp.(g)	6.75%	02/15/2026		186,919
	165,000	McDonald's Corp.	3.60%	07/01/2030		190,174
	325,000	McDonald's Corp.	4.45%	03/01/2047		395,973
	35,000	Nordstrom, Inc.(g)	8.75%	05/15/2025		37,696
	190,000	PetSmart, Inc.(g)	7.13%	03/15/2023		187,728
	66,000	PetSmart, Inc.(g)	5.88%	06/01/2025		66,370
	185,000	Staples, Inc.(g)	7.50%	04/15/2026		145,757
	650,000	Target Corp.	3.38%	04/15/2029		752,113
	55,000	Yum! Brands, Inc.(g)	7.75%	04/01/2025		59,434
						3,554,447
Semiconductors - 0.12%
	225,000	Broadcom, Inc.(g)	3.15%	11/15/2025		239,175
	300,000	Lam Research Corp.	2.88%	06/15/2050		310,942
	645,000	Marvell Technology Group, Ltd.	4.20%	06/22/2023		693,845
	305,000	Micron Technology, Inc.	2.50%	04/24/2023		316,991
	170,000	Texas Instruments, Inc.	1.75%	05/04/2030		172,930
	355,000	Xilinx, Inc.	2.38%	06/01/2030		366,472
						2,100,355
Software - 0.05%
	155,000	Dun & Bradstreet Corp.(g)	6.88%	08/15/2026		164,663
	190,000	Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho(g)	10.00%	11/30/2024		198,095
	435,000	Oracle Corp.	3.85%	04/01/2060		511,716
						874,474
Special Purpose Banks - 0.01%
	160,000	Caesars Resort Collection LLC / CRC Finco, Inc.(g)	5.25%	10/15/2025		139,442
Telecommunications - 0.34%
	500,000	AT&T, Inc.	4.30%	02/15/2030		584,615
	1,140,000	AT&T, Inc.	5.25%	03/01/2037		1,410,785
	160,000	CenturyLink, Inc.(g)	5.13%	12/15/2026		159,849
	145,000	CenturyLink, Inc.(g)	4.00%	02/15/2027		140,681
	345,000	Corning, Inc.	4.38%	11/15/2057		398,870
	155,000	Frontier Communications Corp.(g)(h)	8.00%	04/01/2027		157,585
	120,000	Gogo Intermediate Holdings LLC / Gogo Finance Co., Inc.(g)	9.88%	05/01/2024		101,713
	80,000	GTT Communications, Inc.(g)	7.88%	12/31/2024		42,250
	1,245,000	Intelsat Jackson Holdings SA(g)(h)	8.50%	10/15/2024		752,534
	180,000	Level 3 Financing, Inc.(g)	4.63%	09/15/2027		181,862
	255,000	Level 3 Financing, Inc.(g)	4.25%	07/01/2028		255,938
	150,000	T-Mobile USA, Inc.(g)	3.50%	04/15/2025		163,784
	80,000	T-Mobile USA, Inc.(g)	1.50%	02/15/2026		80,194
	500,000	Verizon Communications, Inc.	3.15%	03/22/2030		566,336
	720,000	Verizon Communications, Inc.	4.40%	11/01/2034		895,634
	155,000	Zayo Group Holdings, Inc.(g)	4.00%	03/01/2027		147,371
	85,000	Zayo Group Holdings, Inc.(g)	6.13%	03/01/2028		82,809
						6,122,810
Transportation - 0.12%
	345,000	Burlington Northern Santa Fe LLC	3.05%	02/15/2051		376,346
	660,000	CSX Corp.	3.80%	11/01/2046		750,510
	330,000	FedEx Corp.	4.75%	11/15/2045		364,276
	30,000	Kenan Advantage Group, Inc.(g)	7.88%	07/31/2023		26,509
	500,000	Union Pacific Corp.	3.70%	03/01/2029		584,671
						2,102,312

Principal Amount/Description			Rate	Maturity	Value
Trucking & Leasing - 0.02%
$	405,000	Penske Truck Leasing Co. LP / PTL Finance Corp.(g)	4.20%	04/01/2027	$	437,644
Water - 0.02%
	355,000	Essential Utilities, Inc.	2.70%	04/15/2030		371,859
TOTAL U.S. CORPORATE BONDS
(Cost $93,182,196)						95,742,489
CONVERTIBLE CORPORATE BONDS - 0.72%
	5,871,438	BlackRock TCP Capital Corp.	4.63%	03/01/2022		5,754,147
	91,897	Digicel Group 0.5, Ltd.(d)(g)(i)	7.00%	12/31/2049		7,811
	1,500,000	Goldman Sachs BDC, Inc.	4.50%	04/01/2022		1,492,500
	6,000,000	New Mountain Finance Corp.	5.75%	08/15/2023		5,647,500
TOTAL CONVERTIBLE CORPORATE BONDS
(Cost $12,564,066)						12,901,958
FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES - 0.40%
	200,000	Abu Dhabi Government International Bond(g)	2.50%	04/16/2025		211,162
	200,000	Abu Dhabi Government International Bond(g)	3.13%	04/16/2030		220,863
	200,000	Dominican Republic International Bond(g)	4.50%	01/30/2030		181,900
	800,000	Dominican Republic International Bond(g)	6.40%	06/05/2049		736,000
	600,000	Export Import Bank of Thailand(f)	3M US L + 0.90%	11/20/2023		591,141
	200,000	Guatemala Government Bond(g)	5.38%	04/24/2032		221,500
	900,000	Indonesia Government International Bond	3.85%	10/15/2030		1,003,412
	285,000	Mexico Government International Bond	4.15%	03/28/2027		305,484
	875,000	Mexico Government International Bond	3.75%	01/11/2028		912,472
	200,000	Mexico Government International Bond	4.75%	04/27/2032		221,000
	400,000	Mexico Government International Bond	5.00%	04/27/2051		432,400
	200,000	Peruvian Government International Bond	2.39%	01/23/2026		208,100
	200,000	Philippine Government International Bond	2.46%	05/05/2030		210,182
	200,000	Qatar Government International Bond(e)	3.88%	04/23/2023		214,978
	400,000	Qatar Government International Bond(e)	3.38%	03/14/2024		429,157
	400,000	Saudi Government International Bond(g)	2.90%	10/22/2025		425,180
	200,000	Saudi Government International Bond(e)	2.38%	10/26/2021		203,268

Principal Amount/Description			Rate	Maturity	Value
$	400,000	Saudi Government International Bond(e)	2.88%	03/04/2023	$	418,006
TOTAL FOREIGN GOVERNMENT BONDS AND NOTES, SUPRANATIONALS AND FOREIGN AGENCIES
(Cost $6,903,828)						7,146,205
BANK LOANS - 1.10%(f)
Canada - 0.09%
	940,000	Kronos Acquisition Intermediate, Inc., First Lien  - Initial Term Loan	2M US L + 4.00%, 1.00% Floor	05/15/2023		898,231
	655,000	Titan Acquisition, Ltd., First Lien  - Initial Term Loan	3M US L + 3.00%	03/28/2025		601,784
						1,500,015
Ireland - 0.03%
	522,306	ION Trading Technologies S.A.R.L., First Lien  - 2018 Initial Dollar Term Loan	3M US L + 4.00%, 1.00% Floor	11/21/2024		504,958
Luxembourg - 0.02%
	577,100	Travelport Finance Luxembourg Sarl, First Lien  - Initial Term Loan	3M US L + 5.00%	05/29/2026		384,952
United States - 0.96%
	1,270,471	Air Methods Corp., First Lien  - Initial Term Loan	3M US L + 3.50%, 1.00% Floor	04/22/2024		1,054,224
	1,210,844	American Tire Distributors, Inc., First Lien  - Initial Term Loan	1M US L + 7.50%, 1.00% Floor	09/02/2024		809,534
	560,000	Avaya, Inc., First Lien  - Tranche B Term Loan	1M US L + 4.25%	12/15/2024		518,840
	1,440,468	BI-LO LLC, First Lien  - Initial Term Loan(l)	3M US L + 8.00%, 1.00% Floor	05/31/2024		1,433,864
	750,000	Castle US Holding Corp., First Lien  - Initial Dollar Term Loan	3M US L + 3.75%	01/29/2027		688,125
	1,022,036	Cengage Learning, Inc., First Lien  - 2016 Refinancing Term Loan	3M US L + 4.25%, 1.00% Floor	06/07/2023		832,959
	783,447	Cvent, Inc., First Lien Term Loan	1M US L + 3.75%	11/29/2024		679,640
	113,345	Dhanani Group, Inc., First Lien Term Loan	1M US L + 3.75%	07/20/2025		105,552
	1,066,232	Forterra Finance LLC, First Lien  - Replacement Term Loan	1M US L + 3.00%, 1.00% Floor	10/25/2023		1,039,576
	457,659	Global Medical Response, Inc., First Lien  - 2018 New Term Loan	3M US L + 4.25%, 1.00% Floor	03/14/2025		439,067
	777,600	Granite US Holdings Corp., First Lien  - B Term Loan	3M US L + 5.25%	09/30/2026		684,288
	1,374,583	Gulf Finance LLC, First Lien  - Tranche B Term Loan	1M US L + 5.25%, 1.00% Floor	08/25/2023		899,204
	273,316	Klockner Pentaplast of America, Inc., First Lien  - Dollar Term Loan	3M US L + 4.25%, 1.00% Floor	06/30/2022		257,308
	302,713	Lower Cadence Holdings LLC, First Lien  - Initial Term Loan	1M US L + 4.00%	05/22/2026		270,928
	437,633	McDermott International, Inc., First Lien Term Loan(h)	3M US L + 6.00%	05/09/2025		160,559
	46,341	McDermott Technology , Inc., First Lien  - Facility (Superpriority DIP) Term Loan	3M US L + 9.00%, 1.00% Floor	10/21/2020		46,179

Principal Amount/Description			Rate	Maturity	Value
$	112,090	McDermott Technology Americas, Inc., First Lien  - Refinanced Term Loan	3M US L + 9.00%, 1.00% Floor	10/21/2020	$	111,698
	1,141,353	Minotaur Acquisition, Inc., First Lien  - B Term Loan	1M US L + 5.00%	03/27/2026		1,060,505
	495,642	Misys, Ltd., First Lien  - Dollar Term Loan	3M US L + 3.50%, 1.00% Floor	06/13/2024		435,603
	1,135,000	Mitchell International, Inc., Second Lien  - Initial Term Loan	1M US L + 7.25%	12/01/2025		1,015,825
	475,223	MLN US HoldCo LLC, First Lien  - B Term Loan	1M US L + 4.50%	11/30/2025		392,358
	1,150,000	MPH Acquisition Holdings LLC, First Lien  - Initial Term Loan	3M US L + 2.75%, 1.00% Floor	06/07/2023		1,096,651
	1,034,694	Peak 10 Holding Corp., First Lien  - Initial Term Loan	3M US L + 3.50%	08/01/2024		836,809
	532,304	Radiology Partners, Inc., First Lien  - B Term Loan	3M US L + 4.25%	07/09/2025		497,327
	562,139	Solenis Holdings LLC, First Lien  - Initial Dollar Term Loan	3M US L + 4.00%	06/26/2025		542,231
	230,000	Solenis Holdings LLC, Second Lien  - Initial Term Loan	3M US L + 8.50%	06/26/2026		201,195
	989,897	Team Health Holdings, Inc., First Lien  - Initial Term Loan	1M US L + 2.75%, 1.00% Floor	02/06/2024		764,701
	260,000	TIBCO Software, Inc., Second Lien	1M US L + 7.25%	03/03/2028		252,039
						17,126,789
TOTAL BANK LOANS
(Cost $21,117,224)						19,516,714
COLLATERALIZED LOAN OBLIGATIONS - 2.56%
		Adams Mill CLO, Ltd.
	500,000	Series 2014-1A(f)(g)	3M US L + 3.50%	07/15/2026		476,061
		AIMCO CLO
	500,000	Series 2018-AA(f)(g)	3M US L + 2.55%	04/17/2031		454,750
		AIMCO CLO 10, Ltd.
	1,000,000	Series 2019-10A(f)(g)	3.55% - 3M US L	07/22/2032		967,501
		Apidos CLO XII
	500,000	Series 2018-12A(f)(g)	3M US L + 2.60%	04/15/2031		432,994
		Apidos CLO XX
	500,000	Series 2018-20A(f)(g)	3M US L + 2.95%	07/16/2031		466,119
		Apidos CLO XXI
	500,000	Series 2018-21A(f)(g)	3M US L + 2.45%	07/18/2027		455,149
	1,000,000	Series 2018-21A(f)(g)	3M US L + 8.25%	07/18/2027		664,644
		Apidos CLO XXIV
	1,000,000	Series 2018-24A(f)(g)	3M US L + 5.80%	10/20/2030		807,269
		Apres Static CLO 2, Ltd.
	500,000	Series 2020-1A(f)(g)	3M US L + 4.85%	04/15/2028		487,631
		Avery Point VI CLO, Ltd.
	500,000	Series 2018-6A(f)(g)	3M US L + 1.05%	08/05/2027		494,678
		Babson CLO, Ltd.
	500,000	Series 2018-IA(f)(g)	3M US L + 2.60%	01/20/2031		439,066
		Barings CLO, Ltd.
	500,000	Series 2017-1A(f)(g)	3M US L + 3.60%	07/18/2029		494,543
	500,000	Series 2018-4A(f)(g)	3M US L + 5.82%	10/15/2030		432,268
	1,000,000	Series 2019-1A(f)(g)	3M US L + 6.68%	04/15/2031		905,801
	500,000	Series 2019-2A(f)(g)	3.85% - 3M US L	04/15/2031		486,910

Principal Amount/Description			Rate	Maturity	Value
		Beechwood Park CLO, Ltd.
$	500,000	Series 2019-1A(f)(g)	3M US L + 7.50%	01/17/2033	$	488,627
		BlueMountain CLO, Ltd.
	500,000	Series 2018-3A(f)(g)	3M US L + 2.60%	04/20/2031		423,559
		Buttermilk Park CLO, Ltd.
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.75%	10/15/2031		864,113
		Canyon Capital CLO, Ltd.
	500,000	Series 2017-1A(f)(g)	3M US L + 3.60%	07/15/2030		481,929
	1,000,000	Series 2018-1A(f)(g)	3M US L + 2.75%	01/30/2031		889,564
	1,500,000	Series 2018-1A(f)(g)	3M US L + 5.50%	01/30/2031		1,252,309
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.75%	07/15/2031		858,504
	500,000	Series 2018-1A(f)(g)	3M US L + 2.80%	07/15/2031		454,290
	500,000	Series 2018-1RA(f)(g)	3M US L + 3.00%	07/15/2030		461,107
		Canyon CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 2.90%	07/15/2031		452,797
		Carlyle Global Market Strategies CLO, Ltd.
	1,034,035	Series 2018-2RA(f)(g)	3M US L + 5.35%	05/15/2031		770,484
	500,000	Series 2018-3A(f)(g)	3M US L + 2.85%	07/28/2028		449,639
		Chenango Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 3.00%	04/15/2030		468,217
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.80%	04/15/2030		867,349
		Cook Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 2.60%	04/17/2030		455,746
		Crown Point CLO IV, Ltd.
	500,000	Series 2018-4A(f)(g)	3M US L + 1.90%	04/20/2031		473,065
		Dorchester Park CLO DAC
	500,000	Series 2018-1A(f)(g)	3M US L + 2.40%	04/20/2028		460,238
	875,000	Series 2018-1A(f)(g)	3M US L + 5.00%	04/20/2028		770,468
		Dryden 57 CLO, Ltd.
	500,000	Series 2018-57A(f)(g)	3M US L + 2.55%	05/15/2031		453,814
		Dryden 60 CLO, Ltd.
	1,000,000	Series 2018-60A(f)(g)	3M US L + 3.00%	07/15/2031		935,873
		Dryden 77 CLO, Ltd.
	800,000	Series 2020-77A(f)(g)	3M US L + 5.14%	05/20/2031		795,182
		Elmwood CLO II, Ltd.
	1,000,000	Series 2019-2A(f)(g)	3M US L + 2.10%	04/20/2031		988,353
		Fillmore Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 2.90%	07/15/2030		469,018
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.40%	07/15/2030		866,718
		Gilbert Park CLO, Ltd.
	1,000,000	Series 2017-1A(f)(g)	3M US L + 6.40%	10/15/2030		918,599
		Goldentree Loan Management US CLO, Ltd.
	1,000,000	Series 2018-3A(f)(g)	3M US L + 2.85%	04/20/2030		927,812
		Longfellow Place CLO, Ltd.
	496,848	Series 2017-1A(f)(g)	3M US L + 1.34%	04/15/2029		481,740
		Myers Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 3.05%	10/20/2030		472,902
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.50%	10/20/2030		860,419
		Neuberger Berman CLO XXIII, Ltd.
	1,000,000	Series 2018-23A(f)(g)	3M US L + 5.75%	10/17/2027		921,338
		PPM CLO 3, Ltd.
	1,000,000	Series 2019-3A(f)(g)	3.70% - 3M US L	07/17/2030		970,178
		Stewart Park CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 2.60%	01/15/2030		456,764
		Symphony CLO XVII, Ltd.
	1,500,000	Series 2018-17A(f)(g)	3M US L + 2.65%	04/15/2028		1,394,549

Principal Amount/Description			Rate	Maturity	Value
		Thayer Park CLO, Ltd.
$	500,000	Series 2017-1A(f)(g)	3M US L + 6.10%	04/20/2029	$	441,464
		THL Credit Wind River CLO, Ltd.
	500,000	Series 2017-1A(f)(g)	3M US L + 3.75%	04/18/2029		473,906
	500,000	Series 2018-1A(f)(g)	2.90% - 3M US L	07/15/2030		444,868
	2,000,000	Series 2018-1A(f)(g)	5.50% - 3M US L	07/15/2030		1,656,242
	1,000,000	Series 2018-1A(f)(g)	3M US L + 3.00%	07/18/2031		823,077
	1,000,000	Series 2018-2A(f)(g)	3M US L + 5.75%	07/15/2030		839,479
	1,000,000	Series 2018-3A(f)(g)	3M US L + 6.22%	10/22/2031		753,047
		Tryon Park CLO, Ltd.
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.95%	04/15/2029		881,781
		Venture XX CLO, Ltd.
	1,000,000	Series 2017-20A(f)(g)	3M US L + 1.90%	04/15/2027		960,000
		VERDE CLO, Ltd.
	1,000,000	Series 2019-1A(f)(g)	3.80% - 3M US L	04/15/2032		968,627
		VOYA CLO 2017-2
	1,000,000	Series 2017-2A(f)(g)	3M US L + 6.02%	06/07/2030		860,977
		Voya CLO, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 2.80%	04/18/2031		439,081
	1,000,000	Series 2018-2A(f)(g)	3M US L + 2.75%	07/15/2031		918,863
	1,000,000	Series 2018-2A(f)(g)	3M US L + 5.25%	07/15/2031		842,799
	500,000	Series 2018-3A(f)(g)	3M US L + 6.20%	10/20/2031		432,070
	500,000	Series 2018-4A(f)(g)	3M US L + 5.95%	07/14/2031		427,010
		Webster Park CLO, Ltd.
	1,000,000	Series 2018-1A(f)(g)	5.50% - 3M US L	07/20/2030		855,038
		Westcott Park CLO, Ltd.
	1,000,000	Series 2019-1A(f)(g)	3M US L + 3.25%	07/20/2028		945,276
TOTAL COLLATERALIZED LOAN OBLIGATIONS
(Cost $50,618,105)						45,684,253
EQUITY - LINKED NOTES - 0.00%(k)
	263,093	Inverpamplona SA(j)(m)	0.00%	12/30/2028		11,250
TOTAL EQUITY - LINKED NOTES
(Cost $11,250)						11,250
NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS - 22.64%
		Aaset Trust
	474,298	Series 2019-2(g)	3.38%	10/16/2026		429,073
		AASET, Ltd.
	513,749	Series 2018-1A(g)	3.84%	09/16/2023		445,109
		ABFC Trust
	3,460,789	Series 2007-WMC1(f)	1M US L + 1.25%	06/25/2037		2,815,987
		Adjustable Rate Mortgage Trust
	366,304	Series 2005-1(f)	4.09%	05/25/2035		364,583
	3,085,706	Series 2005-10(f)	4.02%	01/25/2036		2,903,686
	150,173	Series 2005-7(f)	3.44%	10/25/2035		132,104
		Alternative Loan Trust
	250,484	Series 2005-20CB	5.50%	07/25/2035		229,821
	96,832	Series 2005-54CB	5.50%	11/25/2035		78,958
	491,735	Series 2005-6CB	5.50%	04/25/2035		491,028
	215,528	Series 2005-85CB(f)	21.63% - 3.67 x 1M US L	02/25/2036		313,143
	1,020,569	Series 2005-85CB(f)	1M US L + 1.10%	02/25/2036		832,777

Principal Amount/Description			Rate	Maturity	Value
$	269,820	Series 2005-86CB	5.50%	02/25/2036	$	224,983
	485,477	Series 2005-9CB(f)(n)	5.05% - 1M US L	05/25/2035		56,102
	273,354	Series 2005-9CB(f)	1M US L + 0.50%	05/25/2035		242,702
	269,169	Series 2006-12CB(f)	1M US L + 5.75%	05/25/2036		210,098
	1,320,022	Series 2006-15CB	6.50%	06/25/2036		972,947
	146,333	Series 2006-30T1	6.25%	11/25/2036		129,799
	132,138	Series 2006-32CB	5.50%	11/25/2036		103,700
	293,449	Series 2006-36T2(f)	28.06% - 4.6 x 1M US L	12/25/2036		561,380
	1,028,373	Series 2007-19	6.00%	08/25/2037		769,802
	3,651,652	Series 2007-20	6.25%	08/25/2047		2,859,094
	949,455	Series 2007-23CB(f)(n)	6.50% - 1M US L	09/25/2037		322,584
	994,368	Series 2007-23CB(f)	1M US L + 0.50%	09/25/2037		396,429
		American Home Mortgage Investment Trust
	168,158	Series 2007-A(g)(o)	6.60%	01/25/2037		62,658
		AmeriHome GMSR Issuer Trust
	3,100,000	Series 2019-GT1(g)	4.68%	11/25/2026		2,449,785
		Applebee's Funding LLC / IHOP Funding LLC
	750,000	Series 2019-1A(g)	4.19%	06/05/2024		665,685
		AREIT Trust
	1,265,000	Series 2019-CRE3(f)(g)	1M US L + 2.65%	07/14/2022		1,113,523
		Atlas Senior Loan Fund X, Ltd.
	496,310	Series 2018-10A(f)(g)	3M US L + 1.09%	01/15/2031		487,568
		Atrium Hotel Portfolio Trust
	1,309,000	Series 2018-ATRM(f)(g)	1M US L + 3.40%	06/15/2021		1,001,342
		Atrium IX
	500,000	Series 2017-9A(f)(g)	3M US L + 3.60%	05/28/2030		470,945
		Atrium XIII
	1,000,000	Series 2017-13A(f)(g)	3M US L + 6.05%	11/21/2030		864,423
		Atrium XIV LLC
	1,000,000	Series 2018-14A(f)(g)	3M US L + 5.65%	08/23/2030		877,781
		Atrium XV
	1,000,000	Series 2018-15A(f)(g)	3M US L + 3.00%	01/23/2031		930,480
		BAMLL Commercial Mortgage Securities Trust
	683,000	Series 2019-AHT(f)(g)	2.68%	03/15/2021		593,890
		Banc of America Funding Corp.
	80,896	Series 2008-R2(g)	6.00%	09/25/2037		82,560
		Banc of America Funding Trust
	134,503	Series 2006-2	5.50%	03/25/2036		131,674
	3,736,142	Series 2010-R5(f)(g)	6.00%	10/26/2037		3,554,987
		Bancorp Commercial Mortgage Trust
	605,000	Series 2019-CRE5(f)(g)	1M US L + 1.50%	01/15/2022		568,020
	1,312,000	Series 2019-CRE5(f)(g)	1M US L + 2.35%	02/15/2022		1,164,774
		BANK
	463,000	Series 2018-BN10(f)	4.08%	01/15/2028		477,258
	10,291,000	Series 2018-BN12(f)(g)(n)	1.50%	05/15/2061		886,048
	463,000	Series 2018-BN13(f)	4.70%	07/15/2028		489,713
		BANK 2020-BNK27
	16,875,000	Series 2020-BN27(f)(n)	0.72%	04/15/2030		1,013,749
		BBCMS Trust
	3,000,000	Series 2018-CBM(f)(g)	1M US L + 3.55%	07/15/2020		2,448,100
		BCAP, LLC Trust
	131,724	Series 2007-AA2(f)	7.50%	04/25/2037		103,173
	85,465	Series 2007-AA2	6.00%	04/25/2037		66,307

Principal Amount/Description			Rate	Maturity	Value
$	6,044,162	Series 2010-RR6(f)(g)	4.82%	07/26/2036	$	4,697,474
		Bear Stearns ALT-A Trust
	1,078,928	Series 2004-11(f)	3.54%	11/25/2034		1,004,148
	1,042,837	Series 2005-3(f)	3.46%	04/25/2035		953,066
	8,438,684	Series 2006-3(f)	3.54%	05/25/2036		7,054,686
	1,058,933	Series 2006-6(f)	3.94%	11/25/2036		780,952
		Bear Stearns Asset-Backed Securities Trust
	2,044,941	Series 2006-AC1(o)	6.25%	02/25/2036		1,407,842
		Bellemeade Real Estate, Ltd.
	1,469,148	Series 2019-2A(f)(g)	1M US L + 1.45%	04/25/2029		1,468,626
		Benchmark 2018-B4 Mortgage Trust
	1,589,000	Series 2018-B4(f)(g)	2.96%	07/15/2028		1,052,714
		Benchmark 2019-B12 Mortgage Trust
	528,000	Series 2019-B12(f)(g)	3.56%	07/15/2024		507,010
		Benchmark 2020-B17 Mortgage Trust
	954,000	Series 2020-B17(f)	3.37%	03/15/2030		868,315
		BF Mortgage Trust
	705,000	Series 2019-NYT(f)(g)	1M US L + 3.00%	12/15/2020		614,306
		BHP Trust
	761,000	Series 2019-BXHP(f)(g)	1M US L + 2.57%	08/15/2021		633,043
		BX Trust
	1,360,000	Series 2019-MMP(f)(g)	1M US L + 2.79%	08/15/2021		1,271,877
	3,626,000	Series 2019-OC11(f)(g)	4.08%	12/09/2029		3,252,635
		CAL Funding III, Ltd.
	766,667	Series 2018-1A(g)	3.96%	02/25/2028		769,924
		Cantor Commercial Real Estate Lending
	1,113,000	Series 2019-CF1(f)(g)	4.12%	04/15/2024		1,029,311
		Cantor Commercial Real Estate Lending 2019-CF1
	266,000	Series 2019-CF1(f)(g)	4.14%	04/15/2024		255,019
		Carbon Capital VI Commercial Mortgage Trust
	680,000	Series 2019-FL2(f)(g)	1M US L + 2.85%	11/15/2021		586,068
		Carrington Mortgage Loan Trust
	1,776,974	Series 2006-NC4(f)	1M US L + 0.16%	10/25/2036		1,670,201
		Cascade MH Asset Trust
	4,601,000	Series 2019-MH1(f)(g)	5.99%	11/25/2044		4,513,771
		Castlelake Aircraft Securitization Trust
	2,916,842	Series 2018-1(g)	6.63%	06/15/2025		1,841,216
		Castlelake Aircraft Structured Trust
	642,337	Series 2019-1A(g)	3.97%	04/15/2026		566,395
	2,750,000	Series 2019-1A(g)	0.00%	04/15/2039		1,091,083
		CF Trust
	1,518,000	Series 2019-MF1(f)(g)	1M US L + 2.95%	08/21/2021		1,357,915
		Chase Mortgage Finance Trust
	12,732,950	Series 2007-S2	6.00%	03/25/2037		9,660,173
	422,757	Series 2007-S3	5.50%	05/25/2037		99,114
		CIM Trust
	12,000,000	Series 2016-1RR(f)(g)	6.68%	07/26/2055		10,731,600
	12,000,000	Series 2016-2RR B2(f)(g)	6.60%	02/25/2056		10,704,000
	12,000,000	Series 2016-3RR B2(f)(g)	6.59%	02/27/2056		10,824,000
	11,430,000	Series 2016-3RR B2(f)(g)	12.06%	01/27/2057		10,907,649

Principal Amount/Description			Rate	Maturity	Value
		Citicorp Mortgage Securities Trust
$	534,559	Series 2007-1	6.00%	01/25/2037	$	522,520
	707	Series 2007-2	5.50%	02/25/2037		707
		Citigroup Commercial Mortgage Trust
	3,768,699	Series 2014-GC25(f)(n)	1.14%	10/10/2047		131,741
	866,000	Series 2015-GC27(f)(g)	4.57%	01/10/2025		572,909
	400,000	Series 2015-GC31(f)	4.19%	06/10/2025		381,987
	5,353,041	Series 2015-GC35(f)(n)	0.99%	11/10/2048		151,946
	344,000	Series 2016-GC36(g)	2.85%	01/10/2026		218,380
	464,000	Series 2017-C4(f)	4.10%	10/12/2027		495,825
	463,000	Series 2018-B2(f)	4.28%	03/10/2028		472,718
	515,000	Series 2018-C5(f)	4.88%	06/10/2028		465,993
	901,000	Series 2019-SST2(f)(g)	1M US L + 1.60%	02/15/2022		860,594
	901,000	Series 2019-SST2(f)(g)	1M US L + 2.00%	02/15/2022		858,305
	1,433,000	Series 2020-555(g)	3.62%	12/10/2029		929,951
		Citigroup COmmercial Mortgage Trust 2019-SMRT
	1,000,000	Series 2019-SMRT(f)(g)	4.90%	01/10/2024		1,004,613
		Citigroup Commercial Mortgage Trust 2020-GC46
	2,000,000	Series 2020-GC46(g)	2.60%	02/15/2030		1,148,584
		Citigroup Mortgage Loan Trust
	788,817	Series 2006-WF1(o)	4.83%	03/25/2036		517,276
	1,224,628	Series 2007-OPX1(o)	6.33%	01/25/2037		577,698
	309,103	Series 2008-AR4(f)(g)	3.79%	11/25/2038		310,840
		CitiMortgage Alternative Loan Trust
	545,926	Series 2007-A1	6.00%	01/25/2037		540,852
	107,533	Series 2007-A1(f)(n)	5.40% - 1M US L	01/25/2037		20,222
	79,406	Series 2007-A3(f)	6.00%	03/25/2037		76,585
	182,739	Series 2007-A3(f)(n)	5.40% - 1M US L	03/25/2037		36,384
	629,845	Series 2007-A4	5.75%	04/25/2037		607,956
	566,252	Series 2007-A6	5.50%	06/25/2037		544,941
		CLI Funding VI LLC
	892,977	Series 2019-1A(g)	3.71%	05/18/2029		897,788
		CLNC 2019-FL1, Ltd.
	1,037,000	Series 2019-FL1(f)(g)	1M US L + 1.55%	12/19/2025		943,668
		COMM Mortgage Trust
	887,000	Series 2013-CR11(f)	5.28%	09/10/2023		922,512
	500,000	Series 2016-GCT(f)(g)	3.58%	08/10/2021		459,440
		Commercial Mortgage Pass-Through Certificates
	242,400	Series 2014-CR19(f)	4.89%	08/10/2024		235,034
	8,629,084	Series 2014-UBS4(g)	3.75%	08/10/2024		1,543,408
	11,000	Series 2014-UBS4(f)(g)	0.00%	08/10/2047		1
	3,279,825	Series 2015-CR22(f)(n)	1.03%	03/10/2025		99,638
	916,000	Series 2015-CR25(f)	4.69%	08/10/2025		858,460
	4,605,771	Series 2015-CR26(f)(n)	1.08%	09/10/2025		180,735
	419,000	Series 2015-LC23(f)	4.80%	10/10/2025		412,410
		Commercial Mortgage Trust
	659,000	Series 2012-CR4(f)(g)	4.75%	11/15/2022		195,888
		CORE Mortgage Trust
	540,000	Series 2019-CORE(f)(g)	1M US L + 1.90%	12/15/2020		515,439
	540,000	Series 2019-CORE(f)(g)	1M US L + 2.35%	12/15/2020		515,375
		Countrywide Home Loan Mortgage Pass-Through Trust
	2,241,545	Series 2005-HYB7(f)	3.40%	11/20/2035		1,875,582
	37,578	Series 2005-J4	5.50%	11/25/2035		36,099

Principal Amount/Description			Rate	Maturity	Value
$	1,893,872	Series 2006-18	6.00%	12/25/2036	$	1,582,207
	299,000	Series 2007-17	6.00%	10/25/2037		267,105
	306,729	Series 2007-3	6.00%	04/25/2037		237,892
	325,887	Series 2007-7	5.75%	06/25/2037		252,429
		Credit Suisse First Boston Mortgage Securities Corp.
	72,352	Series 2005-10	5.50%	11/25/2035		65,227
	2,012,996	Series 2005-11	6.00%	12/25/2035		1,856,904
	68,505	Series 2005-8	5.50%	08/25/2025		66,822
	4,504,819	Series 2005-9	6.00%	10/25/2035		2,122,504
		Credit Suisse Mortgage Capital Certificates
	3,030,641	Series 2006-2	5.75%	03/25/2036		2,412,861
		CSAB Mortgage-Backed Trust
	8,781,274	Series 2006-2(o)	5.70%	09/25/2036		1,004,447
	141,928	Series 2007-1(f)	5.90%	05/25/2037		53,313
		CSAIL 2016-C6 Commercial Mortgage Trust
	1,362,000	Series 2016-C6(f)(g)	5.09%	05/15/2026		1,014,729
		CSAIL Commercial Mortgage Trust
	5,312,736	Series 2015-C1(f)(n)	0.98%	01/15/2025		164,464
	419,000	Series 2015-C4(f)	4.73%	11/15/2025		387,563
	214,000	Series 2018-C14(f)	5.06%	10/15/2028		192,619
		CSMC Mortgage-Backed Trust
	170,996	Series 2006-1	6.00%	02/25/2036		98,259
	22,496	Series 2006-4	5.50%	05/25/2021		19,934
	793,784	Series 2006-5	6.25%	06/25/2036		297,188
	97,251	Series 2006-9	6.00%	11/25/2036		75,162
	2,100,331	Series 2007-1	6.00%	02/25/2037		1,745,995
	9,519	Series 2007-2	5.00%	03/25/2037		9,174
	529,880	Series 2007-3(f)	5.84%	04/25/2037		233,435
	29,599	Series 2007-4	6.00%	06/25/2037		23,888
	604,000	Series 2017-CALI(f)(g)	3.90%	11/10/2024		622,505
	253,000	Series 2017-CHOP(f)(g)	1M US L + 1.90%	07/15/2032		209,056
	253,000	Series 2017-CHOP(f)(g)	1M US L + 3.30%	07/15/2032		197,716
	789,543	Series 2018-RPL2(g)(o)	4.30%	08/25/2062		802,748
		DB Master Finance LLC
	992,500	Series 2019-1A(g)	3.79%	02/20/2024		1,030,365
		DBGS 2018-BIOD Mortgage Trust
	861,313	Series 2018-BIOD(f)(g)	1M US L + 2.00%	05/15/2035		800,761
		DBJPM 16-C1 Mortgage Trust
	1,309,000	Series 2016-C1(f)	3.50%	03/10/2026		1,160,729
		Deutsche Alt-A Securities, Inc. Mortgage Loan Trust
	295,402	Series 2005-6(f)(n)	5.08% - 1M US L	12/25/2035		58,240
	129,477	Series 2005-6(f)	1M US L + 1.40%	12/25/2035		95,428
		Deutsche Mortgage Securities, Inc. Mortgage Loan Trust
	161,493	Series 2006-PR1(f)(g)	12.12% - 1M US L	04/15/2036		164,003
		Dryden 38 Senior Loan Fund
	1,000,000	Series 2018-38A(f)(g)	3M US L + 5.60%	07/15/2030		833,172
		Dryden 40 Senior Loan Fund
	1,000,000	Series 2018-40A(f)(g)	3M US L + 5.75%	08/15/2031		844,823
	500,000	Series 2018-40A(f)(g)	3M US L + 3.10%	08/15/2031		468,186
		Earnest Student Loan Program
	35,000	Series 2016-D(g)	0.00%	05/25/2025		502,395
		Ellington Financial Mortgage Trust
	803,896	Series 2018-1(f)(g)	4.39%	10/25/2058		825,694

Principal Amount/Description			Rate	Maturity	Value
		First Horizon Alternative Mortgage Securities Trust
$	813,764	Series 2005-FA6	5.50%	09/25/2035	$	658,577
	130,718	Series 2007-FA2	6.00%	04/25/2037		81,948
		First Horizon Mortgage Pass-Through Trust
	1,057,283	Series 2007-AR3(f)	4.07%	11/25/2037		801,508
		Fontainebleau Miami Beach Trust
	2,748,000	Series 2019-FBLU(f)(g)	4.10%	12/10/2024		2,114,767
		GAIA Aviation, Ltd.
	637,627	Series 2019-1(g)(o)	3.97%	12/15/2026		543,579
	426,597	Series 2019-1(g)(o)	7.00%	12/15/2026		232,051
		Global SC Finance IV, Ltd.
	392,050	Series 2018-1A(g)	4.29%	05/17/2028		394,741
		Great Wolf Trust
	3,084,000	Series 2019-WOLF(f)(g)	1M US L + 3.13%	12/15/2024		2,628,187
		GS Mortgage Securities Trust
	216,388	Series 2011-GC3(f)(g)(n)	0.81%	03/10/2021		366
	2,195,586	Series 2011-GC5(f)(g)(n)	1.49%	08/10/2044		20,635
	3,986,000	Series 2014-GC26(f)(g)	4.66%	11/10/2047		2,536,586
	7,189,211	Series 2015-GS1(f)(n)	0.92%	11/10/2025		254,347
	1,954,000	Series 2018-TWR(f)(g)	1M US L + 3.92%	07/15/2021		1,704,677
	636,000	Series 2020-GC45	3.41%	12/13/2029		632,928
		GSAA Home Equity Trust
	2,361,654	Series 2006-13(f)	6.04%	07/25/2036		1,135,008
	541,371	Series 2006-18(o)	5.68%	11/25/2036		223,747
	169,648	Series 2006-6(f)	5.69%	03/25/2036		73,959
	920,706	Series 2007-2(o)	6.10%	03/25/2037		328,112
		GSCG Trust
	628,000	Series 2019-600C(g)	3.76%	09/06/2024		598,824
	1,303,000	Series 2019-600C(f)(g)	4.12%	09/06/2024		1,096,162
		GSR Mortgage Loan Trust
	245,661	Series 2005-AR4(f)	3.34%	07/25/2035		241,836
	1,414,524	Series 2006-2F	5.25%	02/25/2036		986,350
	331,808	Series 2007-2F	5.75%	02/25/2037		693,584
	2,746,180	Series 2007-2F	6.00%	03/25/2037		2,253,683
	1,102,287	Series 2007-AR2(f)	3.71%	05/25/2037		859,257
		Halcyon Loan Advisors Funding, Ltd.
	250,000	Series 2013-2A(f)(g)	3M US L + 2.70%	08/01/2025		241,434
		Harley Marine Financing LLC
	931,973	Series 2018-1A(g)	5.68%	05/15/2022		772,128
		Hawaii Hotel Trust
	1,391,000	Series 2019-MAUI(f)(g)	1M US L + 2.75%	05/15/2021		1,158,596
		Hayfin Kingsland X, Ltd.
	500,000	Series 2019-1A(f)(g)	3M US L + 2.25%	04/28/2031		491,754
		Helios Issuer, LLC Series
	1,290,723	Series 2017-1A(g)	4.94%	09/20/2023		1,267,304
		Highbridge Loan Management, Ltd.
	500,000	Series 2017-2A(f)(g)	3M US L + 6.60%	10/20/2029		455,308
	2,000,000	Series 2018-2015(f)(g)	3M US L + 5.10%	02/05/2031		1,638,380
	500,000	Series 2018-2016(f)(g)	3M US L + 2.90%	07/20/2030		450,752
		Horizon Aircraft Finance III, Ltd.
	970,238	Series 2019-2(g)	3.43%	11/15/2026		841,778
		HPLY Trust
	572,076	Series 2019-HIT(f)(g)	1M US L + 3.15%	11/15/2021		470,275
	1,140,054	Series 2019-HIT(f)(g)	1M US L + 3.90%	11/15/2021		827,067
		HSI Asset Securitization Corp. Trust
	9,520,901	Series 2006-HE1(f)	1M US L + 0.14%	10/25/2036		4,265,227

Principal Amount/Description			Rate	Maturity	Value
		IMT Trust
$	325,349	Series 2017-APTS(f)(g)	1M US L + 1.10%	06/15/2034	$	297,278
		IndyMac IMJA Mortgage Loan Trust
	1,140,389	Series 2007-A1	6.00%	08/25/2037		717,485
		IndyMac IMSC Mortgage Loan Trust
	4,734,519	Series 2007-F2	6.50%	07/25/2037		2,427,814
		IndyMac Index Mortgage Loan Trust
	1,778,281	Series 2005-AR31(f)	3.56%	01/25/2036		1,648,954
	1,039,475	Series 2005-AR35(f)	3.40%	02/25/2036		946,437
	2,384,524	Series 2006-AR25(f)	3.41%	09/25/2036		2,140,575
		Invitation Homes
	995,000	Series 2018-SFR1(f)(g)	1M US L + 1.25%	03/17/2037		981,519
	650,000	Series 2018-SFR1(f)(g)	1M US L + 1.45%	03/17/2037		634,751
		JOL Air, Ltd.
	902,456	Series 2019-1(g)	3.97%	04/15/2026		781,701
		JP Morgan Alternative Loan Trust
	258,752	Series 2005-S1	6.00%	12/25/2035		236,470
	1,846	Series 2006-S1	5.00%	02/25/2021		1,783
	132,438	Series 2006-S3(o)	6.12%	08/25/2036		126,545
		JP Morgan BB Commercial Mortgage Securities Trust
	400,000	Series 2014-C21(f)	4.81%	07/15/2024		373,927
	2,086,000	Series 2014-C23(f)(g)	3.36%	10/15/2024		1,262,159
	388,000	Series 2014-C26(f)	4.52%	12/15/2024		365,549
	4,519,012	Series 2015-C28(f)(n)	1.11%	03/15/2025		160,298
	1,470,000	Series 2015-C28	3.99%	03/15/2025		1,389,164
	8,868,823	Series 2015-C30(f)(n)	0.66%	07/15/2025		189,407
	3,685,593	Series 2015-C31(f)(n)	1.03%	08/15/2025		123,674
		JP Morgan Chase Commercial Mortgage Securities Trust
	58,966	Series 2006-LDP8(a)(f)(n)	0.29%	05/15/2045		0
	4,000,000	Series 2007-CH1(o)	4.85%	11/25/2036		4,215,137
	1,157,000	Series 2011-C3(f)(g)	5.85%	03/15/2021		441,515
	2,343,697	Series 2012-C8(f)(n)	1.92%	09/15/2022		74,425
	1,010,000	Series 2018-WPT(g)	5.54%	07/05/2023		944,851
	887,000	Series 2019-COR4(f)	4.44%	12/10/2028		921,451
	704,000	Series 2019-MFP(f)(g)	1M US L + 3.00%	07/15/2021		634,417
	235,000	Series 2019-UES(g)	4.34%	05/05/2024		236,510
	1,135,000	Series 2019-UES(f)(g)	4.45%	05/05/2024		990,716
		JP Morgan Mortgage Acquisition Corp.
	273,583	Series 2006-CH2(o)	5.46%	09/25/2029		219,083
		JP Morgan Mortgage Acquisition Trust 2006-RM1
	2,709,994	Series 2006-RM1(f)	1M US L + 0.24%	08/25/2036		1,533,757
		JP Morgan Mortgage Trust
	1,077,536	Series 2007-S3	6.00%	07/25/2037		804,980
		JP Morgan Resecuritization Trust
	1,094,781	Series 2011-1(f)(g)	6.00%	06/26/2037		1,008,520
		JPMDB Commercial Mortgage Securities Trust 2020-COR7
	421,000	Series 2020-COR7(f)	3.73%	03/13/2030		418,593
		LB-UBS Commercial Mortgage Trust
	421,749	Series 2006-C7(f)(g)(n)	0.88%	11/15/2038		91
		LCM 28, Ltd.
	1,000,000	Series 2018-28A(f)(g)	3M US L + 5.75%	10/20/2030		835,431

Principal Amount/Description			Rate	Maturity	Value
		LCM Loan Income Fund I Income Note Issuer, Ltd.
$	500,000	Series 2018-27A(f)(g)	3M US L + 5.60%	07/16/2031	$	415,534
		LCM XIV LP
	1,000,000	Series 2018-14A(f)(g)	3M US L + 2.75%	07/20/2031		829,083
	750,000	Series 2018-14A(f)(g)	3M US L + 5.50%	07/20/2031		523,501
		LCM XVII LP
	1,000,000	Series 2018-17A(f)(g)	3M US L + 6.00%	10/15/2031		726,293
		LCM XX LP
	1,000,000	Series 2018-20A(f)(g)	3M US L + 5.45%	10/20/2027		754,355
		Legacy Mortgage Asset Trust
	13,400,000	Series 2019-GS3(g)(o)	4.25%	04/25/2059		13,376,936
		Lehman Mortgage Trust
	4,563,007	Series 2006-1(f)	5.24%	02/25/2036		4,543,139
	559,507	Series 2006-6	5.50%	10/25/2036		451,952
	3,851,540	Series 2006-7(f)	1M US L + 0.25%	11/25/2036		138,268
	3,851,540	Series 2006-7(f)(n)	7.75% - 1M US L	11/25/2036		699,124
	1,394,286	Series 2006-8(f)	1M US L + 0.42%	12/25/2036		313,926
	1,394,286	Series 2006-8(f)(n)	6.58% - 1M US L	12/25/2036		433,338
	689,926	Series 2007-10	6.00%	01/25/2038		714,757
	315,862	Series 2007-10	6.50%	01/25/2038		180,167
		Lehman XS Trust
	51,531	Series 2006-5(o)	5.89%	04/25/2036		51,346
		LoanCore Issuer, Ltd.
	1,193,000	Series 2019-CRE3(f)(g)	1M US L + 2.50%	04/15/2024		1,089,806
		MACH 1 Cayman, Ltd.
	1,421,875	Series 2019-1(g)	3.47%	08/15/2026		1,200,591
		Madison Park Funding XIV, Ltd.
	1,000,000	Series 2018-14A(f)(g)	3M US L + 2.95%	10/22/2030		925,361
	1,000,000	Series 2018-14A(f)(g)	3M US L + 5.80%	10/22/2030		842,698
		MBRT 2019-MBR
	584,000	Series 2019-MBR(f)(g)	1M US L + 2.55%	11/25/2021		508,648
	1,406,000	Series 2019-MBR(f)(g)	1M US L + 2.90%	11/25/2021		1,000,817
		Mello Warehouse Securitization Trust
	2,500,000	Series 2019-1(f)(g)	1M US L + 5.50%	05/14/2021		2,455,987
		Merrill Lynch Alternative Note Asset Trust
	733,024	Series 2007-F1	6.00%	03/25/2037		191,179
		MFT Trust 2020-ABC
	2,010,000	Series 2020-ABC(f)(g)	3.48%	02/10/2030		1,735,222
		MKT Mortgage Trust
	250,000	Series 2020-525M(f)(g)	2.94%	02/12/2030		220,373
		Morgan Stanley Bank of America Merrill Lynch Trust
	3,129,101	Series 2012-C5(f)(g)(n)	1.58%	07/15/2022		69,519
	350,000	Series 2015-C27(f)	4.68%	11/15/2025		327,120
		Morgan Stanley Capital Barclays Bank Trust 2016-MART
	1,250,000	Series 2016-MART(g)	3.31%	09/13/2021		1,184,699
		Morgan Stanley Capital I Trust
	1,177,000	Series 2007-IQ15(f)(g)	6.34%	06/11/2049		1,139,057
	951,740	Series 2011-C1(f)(g)(n)	0.65%	09/15/2020		365
	1,361,371	Series 2016-UB11 XA(f)(n)	1.75%	08/15/2026		88,307
	1,000,000	Series 2018-SUN(f)(g)	1M US L + 3.05%	07/15/2020		847,662
		Morgan Stanley Capital I Trust 2017-CLS
	576,000	Series 2017-CLS(f)(g)	1M US L + 2.60%	11/15/2019		559,792

Principal Amount/Description			Rate	Maturity	Value
		Morgan Stanley Mortgage Loan Trust
$	1,959,468	Series 2005-3AR(f)	3.44%	07/25/2035	$	1,755,418
	3,487,838	Series 2006-11	6.00%	08/25/2036		3,094,369
	882,534	Series 2006-7(f)	5.00%	06/25/2036		730,826
	994,169	Series 2006-7	6.00%	06/25/2036		807,239
	412,459	Series 2007-3XS(o)	5.70%	01/25/2047		233,559
		Morgan Stanley Re-REMIC Trust
	238,268	Series 2011-R1(f)(g)	5.94%	02/26/2037		234,594
		Mosaic Solar Loan Trust
	126,184	Series 2017-1A(g)	4.45%	06/20/2042		129,106
��	474,062	Series 2018-1A(g)	4.01%	08/20/2030		480,592
		Mosaic Solar Loan Trust 2020-1
	8,900,000	Series 2020-1A(g)	0.00%	04/20/2046		3,066,686
		MSCG Trust
	2,154,000	Series 2018-SELF(f)(g)	1M US L + 3.05%	10/15/2020		2,030,232
		Natixis Commercial Mortgage Securities Trust 2018-FL1
	426,222	Series 2018-FL1(f)(g)	1M US L + 2.35%	06/15/2035		398,572
		Navient Private Education Refi Loan Trust
	500,000	Series 2018-A(g)	3.68%	11/17/2025		509,304
		Nomura Asset Acceptance Corp. Alternative Loan Trust
	1,175,507	Series 2005-AP3(f)	5.32%	08/25/2035		723,564
		Ocagon Investment Partners 20-R, Ltd.
	1,500,000	Series 2019-4A(f)(g)	3M US L + 6.80%	05/12/2031		1,358,220
		Octagon Investment Partners 26, Ltd.
	1,000,000	Series 2018-1A(f)(g)	3M US L + 8.09%	07/15/2030		675,743
		Octagon Investment Partners 29, Ltd.
	2,000,000	Series 2020-1A(f)(g)	3M US L + 7.25%	01/24/2033		1,837,786
		Octagon Investment Partners 37, Ltd.
	500,000	Series 2018-2A(f)(g)	3M US L + 2.85%	07/25/2030		440,534
		Octagon Investment Partners 44, Ltd.
	1,000,000	Series 2019-1A(f)(g)	3M US L + 3.65%	07/20/2032		968,930
		Octagon Investment Partners 47, Ltd.
	500,000	Series 2020-1A(f)(g)	3M US L + 3.35%	04/20/2031		500,050
		Octagon Investment Partners XVI, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 3.00%	07/17/2030		445,328
	1,000,000	Series 2018-1A(f)(g)	3M US L + 5.75%	07/17/2030		844,902
		Octagon Investment Partners XXI, Ltd.
	1,000,000	Series 2019-1A(f)(g)	3M US L + 7.00%	02/14/2031		914,461
		Octagon Investment Partners XXII, Ltd.
	970,000	Series 2018-1A(f)(g)	3M US L + 1.90%	01/22/2030		908,265
	500,000	Series 2018-1A(f)(g)	3M US L + 5.45%	01/22/2030		416,063
		OHA Credit Funding 1, Ltd.
	500,000	Series 2018-1A(f)(g)	3M US L + 3.05%	10/20/2030		468,288
		OHA Credit Funding 3, Ltd.
	1,000,000	Series 2019-3A(f)(g)	3.55% - 3M US L	07/20/2032		954,407

Principal Amount/Description			Rate	Maturity	Value
		OHA Credit Funding 5, Ltd.
$	2,000,000	Series 2020-5A(f)(g)	3M US L + 6.25%	04/18/2033	$	1,819,880
		One Market Plaza Trust
	688,000	Series 2017-1MKT(g)	4.14%	02/10/2024		684,800
		PHH Alternative Mortgage Trust
	933,470	Series 2007-2	6.00%	05/25/2037		855,748
		PR Mortgage Loan Trust
	10,139,438	Series 2014-1(f)(g)	5.91%	09/25/2047		9,902,530
		Pretium Mortgage Credit Partners I LLC
	560,068	Series 2019-NPL2(g)(o)	3.84%	12/27/2058		561,715
		Prime Mortgage Trust
	37,706	Series 2006-1	5.50%	06/25/2036		37,332
	82,168	Series 2006-DR1(g)	5.50%	05/25/2035		67,657
		Primose Funding LLC
	995,005	Series 2019-1A(g)	4.48%	07/30/2026		1,006,507
		Prosper Marketplace Issuance Trust Series 2018-1
	1,490,669	Series 2018-1A(g)	4.87%	06/17/2024		1,487,489
		PRPM 2019-4 LLC
	2,819,790	Series 2019-4A(g)(o)	3.35%	11/25/2024		2,834,412
		PRPM LLC
	13,000,000	Series 2020-1A(g)(o)	3.97%	02/25/2023		12,298,094
		RBSGC Structured Trust
	188,792	Series 2008-B(g)	6.00%	06/25/2037		180,493
		Residential Accredit Loans, Inc.
	1,549,891	Series 2005-QS17	6.00%	12/25/2035		1,513,570
	4,227,229	Series 2006-QA5(f)	1M US L + 0.22%	07/25/2036		2,398,606
	2,225,299	Series 2006-QS10	6.50%	08/25/2036		2,233,954
	823,086	Series 2006-QS4	6.00%	04/25/2036		786,007
	1,307,058	Series 2006-QS6	6.00%	06/25/2036		1,200,882
	1,402,921	Series 2006-QS7	6.00%	06/25/2036		1,289,491
	73,754	Series 2006-QS7(f)	1M US L + 0.40%	06/25/2036		50,577
	221,263	Series 2006-QS7(f)(n)	5.60% - 1M US L	06/25/2036		35,103
	93,971	Series 2006-QS8(f)	1M US L + 0.45%	08/25/2036		64,744
	281,914	Series 2006-QS8(f)(n)	5.55% - 1M US L	08/25/2036		46,480
	2,045,921	Series 2007-QS3	6.50%	02/25/2037		1,920,249
	61,500	Series 2007-QS6	6.25%	04/25/2037		58,873
	8,665	Series 2007-QS6(f)	55.00% - 8.33 x 1M US L	04/25/2037		17,058
	3,012,859	Series 2007-QS9	6.50%	07/25/2037		2,730,678
	320,042	Series 2008-QR1	6.00%	08/25/2036		271,181
		Residential Asset Securitization Trust
	477,603	Series 2006-A1	6.00%	04/25/2036		352,095
	1,010,264	Series 2006-A2	6.00%	05/25/2036		667,593
	896,559	Series 2006-A6	6.50%	07/25/2036		360,016
	357,976	Series 2006-A8	6.00%	08/25/2036		296,816
	153,933	Series 2006-A8	6.50%	08/25/2036		72,873
	325,919	Series 2006-A8(f)(n)	5.90% - 1M US L	08/25/2036		114,429
	1,484,307	Series 2007-A1	6.00%	03/25/2037		850,880
	74,341	Series 2007-A6	6.00%	06/25/2037		60,233
	2,677,909	Series 2007-A7	6.00%	07/25/2037		1,546,284
		Residential Funding Mortgage Securities I Trust
	810,762	Series 2006-S3	5.50%	03/25/2036		766,895
	1,431,658	Series 2006-S6	6.00%	07/25/2036		1,331,403
	326,031	Series 2007-S3	6.00%	03/25/2037		292,018

Principal Amount/Description			Rate	Maturity	Value
$	243,624	Series 2007-S6	6.00%	06/25/2037	$	234,263
		Sapphire Aviation Finance II, Ltd.
	494,167	Series 2020-1A(g)	3.23%	03/15/2027		409,590
		Sequoia Mortgage Trust
	1,774,492	Series 2007-3(f)	3.68%	07/20/2037		1,579,081
		SMB Private Education Loan Trust
	454,693	Series 2018-B(f)(g)	1M US L + 0.72%	08/15/2027		444,582
		SoFi Consumer Loan Program, LLC
	18,712	Series 2017-2(g)	3.28%	02/25/2026		18,765
		SoFi Professional Loan Program Trust
	50,000	Series 2020-A(g)	0.00%	05/15/2046		2,604,465
		Sofi Professional Loan Program, LLC
	32,412	Series 2018-A(g)	0.00%	02/25/2042		1,742,009
		SoFi Professional Loan Program, LLC
	300,000	Series 2017-D(g)	3.61%	09/25/2040		307,728
	56,760	Series 2019-B(g)	0.00%	08/17/2048		1,841,481
		Sprite, Ltd.
	326,013	Series 2017-1(g)	4.25%	12/15/2024		290,718
		Stack Infrastructure Issuer LLC
	986,667	Series 2019-1A(g)	4.54%	02/26/2024		1,036,753
	750,000	Series 2019-2A(g)	3.08%	10/25/2024		738,074
		Start, Ltd.
	726,650	Series 2018-1(g)	4.09%	05/15/2025		658,329
	824,567	Series 2019-1(g)	4.09%	03/15/2026		731,856
		Structured Adjustable Rate Mortgage Loan Trust
	738,832	Series 2005-15(f)	3.61%	07/25/2035		544,258
		Structured Asset Securities Corp.
	206,385	Series 2005-RF1(f)(g)	1M US L + 0.35%	03/25/2035		181,067
	207,605	Series 2005-RF1(f)(g)(n)	4.70%	03/25/2035		37,518
		Sunnova Sol Issuer LLC
	999,062	Series 2020-1A(g)	3.35%	01/30/2030		980,309
		Sunrun Atlas Issuer LLC
	1,235,720	Series 2019-2(g)	3.61%	10/30/2027		1,251,803
		TAL Advantage, LLC
	677,858	Series 17-1A(g)	4.50%	04/20/2042		686,246
		TBW Mortgage-Backed Trust
	1,368,694	Series 2006-2	7.00%	07/25/2036		372,707
		Textainer Marine Containers VII, Ltd.
	453,333	Series 2019-1A(g)	3.96%	10/20/2026		462,053
		Thunderbolt II Aircraft Lease, Ltd.
	4,464,286	Series 2018-A(g)(o)	5.07%	09/15/2038		2,771,098
		Towd Point Mortgage Trust 2019-SJ2
	3,310,000	Series 2019-SJ2(f)(g)	4.25%	11/25/2058		3,336,335
		Trimaran Cavu 2019-1, Ltd.
	1,700,000	Series 2019-1A(f)(g)	3M US L + 4.15%	07/20/2032		1,653,915
		TRIP Rail Master Funding, LLC
	177,154	Series 2017-1A(g)	2.71%	07/15/2021		177,458
		UBS Commercial Mortgage Trust
	464,000	Series 2017-C6(f)	4.15%	12/15/2027		453,793
		UBS-Barclays Commercial Mortgage Trust
	989,000	Series 2013-C5(f)(g)	4.24%	02/10/2023		425,494
		Vantage Data Centers Issuer, LLC
	732,500	Series 2018-1A(g)	4.07%	02/15/2023		754,674

Principal Amount/Description			Rate	Maturity	Value
		VB-S1 Issuer LLC
$	500,000	Series 2020-1A(g)	3.03%	06/15/2025	$	509,460
		VB-S1 Issuer, LLC
	3,000,000	Series 2018-1A(g)	5.25%	02/15/2023		3,039,710
		Velocity Commercial Capital Loan Trust
	667,028	Series 2018-2(f)(g)	4.05%	09/25/2024		682,762
	1,335,650	Series 2019-1(f)(g)	3.94%	01/25/2027		1,326,035
	397,711	Series 2019-1(f)(g)	4.01%	07/25/2027		380,845
	394,913	Series 2019-1(f)(g)	4.12%	11/25/2027		368,593
		Wachovia Bank Commercial Mortgage Trust
	39,272	Series 2006-C29(a)(f)(n)	0.46%	11/15/2048		0
		Wachovia Mortgage Loan Trust, LLC Series Trust
	574,575	Series 2005-B(f)	4.04%	10/20/2035		550,138
		Washington Mutual Alternative Mortgage Pass-Through Certificates
	1,385,541	Series 2005-1	6.00%	03/25/2035		1,396,500
	59,272	Series 2005-9	5.50%	11/25/2035		52,470
	447,059	Series 2006-5	6.00%	07/25/2036		391,049
		Washington Mutual Mortgage Pass-Through Certificates Trust
	852,062	Series 2006-2	6.00%	03/25/2036		863,898
		WAVE LLC
	955,764	Series 2019-1(g)	3.60%	09/15/2027		867,259
	947,484	Series 2019-1(g)	6.41%	09/15/2027		490,151
		Wells Fargo Alternative Loan Trust
	446,942	Series 2007-PA2(f)	1M US L + 0.43%	06/25/2037		352,992
	446,942	Series 2007-PA2(f)(n)	6.07% - 1M US L	06/25/2037		62,192
	173,984	Series 2007-PA3	5.75%	07/25/2037		164,273
	616,184	Series 2007-PA3	6.25%	07/25/2037		603,639
	3,143,505	Series 2007-PA5	6.25%	11/25/2037		3,076,987
		Wells Fargo Commercial Mortgage Trust
	158,000	Series 2014-LC16(g)	3.94%	06/15/2024		128,707
	420,000	Series 2015-NXS4(f)	4.83%	11/15/2025		382,972
	1,000,000	Series 2016-C33(g)	3.12%	03/15/2059		702,727
	5,628,945	Series 2016-C37(f)(g)(n)	1.60%	12/15/2049		391,197
	695,000	Series 2016-LC25(f)	4.57%	11/15/2026		713,478
	518,000	Series 2018-C45	4.73%	06/15/2028		480,006
	523,000	Series 2018-C47(f)	5.10%	10/15/2028		492,188
	436,000	Series 2018-C48(f)	5.29%	12/15/2028		449,544
	901,000	Series 2019-C49	4.55%	02/15/2029		952,010
		Wells Fargo Commercial Mortgage Trust 2015-C28
	1,539,000	Series 2015-C28(f)	4.24%	05/15/2025		1,035,393
		Wells Fargo Commercial Mortgage Trust 2015-NXS4
	1,245,000	Series 2015-NXS4(f)	3.83%	11/15/2025		1,041,066
		WF-RBS Commercial Mortgage Trust
	2,008,740	Series 2012-C9(f)(g)(n)	2.05%	11/15/2045		67,558
	3,556,760	Series 2014-C21(f)(n)	1.19%	08/15/2047		116,746
	4,304,365	Series 2014-C22(f)(n)	0.96%	09/15/2057		113,621
	636,000	Series 2014-C23(f)(g)	4.14%	10/15/2057		524,429
		Willis Engine Structured Trust V
	988,737	Series 2020-A(g)	3.23%	03/15/2028		744,883

Principal Amount/Description			Rate	Maturity	Value
$	2,381,407	Zephyrus Capital Aviation Tl	4.61%	10/15/2038	$	2,185,734
TOTAL NON-AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $440,851,963)						403,525,039
U.S. GOVERNMENT BONDS AND NOTES - 6.35%
	1,055,000	U.S. Treasury Bonds	2.25%	08/15/2027		1,185,206
	5,770,000	U.S. Treasury Bonds	2.25%	11/15/2027		6,499,477
	2,300,000	U.S. Treasury Bonds	1.63%	08/15/2029		2,509,695
	6,780,000	U.S. Treasury Bonds	0.63%	05/15/2030		6,760,402
	3,350,000	U.S. Treasury Bonds	1.13%	05/15/2040		3,319,313
	630,000	U.S. Treasury Bonds	2.75%	11/15/2042		807,237
	4,600,000	U.S. Treasury Bonds	3.13%	02/15/2043		6,238,570
	2,530,000	U.S. Treasury Bonds	3.63%	08/15/2043		3,696,320
	3,870,000	U.S. Treasury Bonds	2.75%	11/15/2047		5,062,368
	3,620,000	U.S. Treasury Bonds	1.25%	05/15/2050		3,476,331
	7,335,000	U.S. Treasury Notes	1.75%	11/30/2021		7,500,181
	5,310,000	U.S. Treasury Notes	0.13%	05/31/2022		5,306,681
	11,620,000	U.S. Treasury Notes	0.25%	06/15/2023		11,645,419
	4,520,000	U.S. Treasury Notes	2.13%	09/30/2024		4,880,276
	5,245,000	U.S. Treasury Notes	2.25%	10/31/2024		5,698,918
	1,180,000	U.S. Treasury Notes	2.75%	02/28/2025		1,315,792
	11,430,000	U.S. Treasury Notes	0.25%	05/31/2025		11,416,605
	4,410,000	U.S. Treasury Notes	3.00%	09/30/2025		5,025,333
	1,070,000	U.S. Treasury Notes	2.63%	01/31/2026		1,204,168
	4,050,000	U.S. Treasury Notes	2.25%	03/31/2026		4,482,844
	4,400,000	U.S. Treasury Notes	1.63%	10/31/2026		4,727,594
	10,430,000	U.S. Treasury Notes	0.50%	05/31/2027		10,442,426
TOTAL U.S. GOVERNMENT BONDS AND NOTES
(Cost $109,607,588)						113,201,156
MUNICIPAL BONDS - 0.02%
	120,000	Missouri Highway & Transportation Commission, Revenue Bonds	5.06%	05/01/2024		136,081
	165,000	State of California, General Obligation Bonds	7.55%	04/01/2039		294,540
TOTAL MUNICIPAL BONDS
(Cost $366,511)						430,621
U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES - 14.96%
		Banc of America Funding
	3,372,529	Series 2007-A(f)	1M US L + 0.21%	02/20/2047		2,983,584
		Chase Mortgage Finance Trust
	5,643,958	Series 2007-S4	6.00%	06/25/2037		3,992,706
		ChaseFlex Trust Series
	5,591,842	Series 2007-M1(f)	1M US L + 0.23%	08/25/2037		4,228,859
		Citigroup Mortgage Loan Trust
	9,590,900	Series 2018-A(f)(g)	4.25%	01/25/2068		9,234,185
		Connecticut Avenue Securities Trust
	5,000,000	Series 2019-R05(f)(g)	1M US L + 4.10%	07/25/2039		4,540,528

Principal Amount/Description			Rate	Maturity	Value
		Deephaven Residential Mortgage Trust
$	6,613,000	Series 2020-1(f)(g)	3.66%	03/25/2024	$	6,306,196
	4,000,000	Series 2020-1(f)(g)	4.54%	03/25/2024		3,714,627
		Fannie Mae Interest Strip
	12,642,511	Series 2014-419(n)	3.50%	04/25/2044		1,837,518
		Fannie Mae Pool
	3,000,000	Series Pool #BL4424	2.14%	10/01/2029		3,229,878
	3,000,000	Series Pool #BL5156	2.37%	12/01/2029		3,281,725
	3,934,747	Series Pool #MA3987	2.50%	04/01/2040		4,105,432
		Fannie Mae REMICS
	11,803,082	Series 2014-1(f)(n)	5.90% - 1M US L	02/25/2044		2,322,411
	4,300,000	Series 2020-45		07/25/2040		4,571,438
		Federal Home Loan Mortgage Corp. Pool
	232,038	Series Pool #G01840	5.00%	07/01/2035		266,482
	86,425	Series Pool #G04817	5.00%	09/01/2038		99,158
		Federal Home Loan Mortgage Corp. REMICS
	1,135,175	Series 2003-2722(f)	9.89% - 1M US L	12/15/2033		1,471,611
	214,953	Series 2005-R003	5.50%	10/15/2035		250,416
	1,573,633	Series 2006-3244(f)(n)	6.66% - 1M US L	11/15/2036		375,828
	77,551	Series 2007-3261(f)(n)	6.43% - 1M US L	01/15/2037		18,075
	162,457	Series 2007-3262(f)(n)	6.40% - 1M US L	01/15/2037		26,973
	754,598	Series 2007-3301(f)(n)	6.10% - 1M US L	04/15/2037		153,812
	522,510	Series 2007-3303(f)(n)	6.10% - 1M US L	04/15/2037		111,819
	174,475	Series 2007-3382(f)(n)	6.00% - 1M US L	11/15/2037		26,880
	432,005	Series 2007-3384(f)(n)	6.31% - 1M US L	08/15/2036		93,738
	185,445	Series 2007-3384(f)(n)	6.39% - 1M US L	11/15/2037		20,938
	210,455	Series 2008-3417(f)(n)	6.18% - 1M US L	02/15/2038		28,567
	3,906,373	Series 2008-3423(f)(n)	6.00% - 1M US L	03/15/2038		32,008
	204,100	Series 2008-3423(f)(n)	5.65% - 1M US L	03/15/2038		25,219
	1,597,794	Series 2009-3510(f)(n)	6.75% - 1M US L	02/15/2037		348,686
	388,759	Series 2009-3523(f)(n)	6.00% - 1M US L	04/15/2039		73,201
	76,159	Series 2009-3524(n)	3.55%	06/15/2038		81,880
	13,530	Series 2009-3549(f)(n)	5.80% - 1M US L	07/15/2039		2,003
	888,174	Series 2009-3560(f)(n)	6.40% - 1M US L	11/15/2036		139,776
	347,302	Series 2010-3641	4.50%	03/15/2040		396,716
	443,252	Series 2010-3726(f)(n)	6.05% - 1M US L	09/15/2040		81,385
	2,055,177	Series 2010-3728(f)(n)	4.45% - 1M US L	09/15/2040		272,616
	731,563	Series 2010-3779	3.50%	12/15/2030		794,293
	137,233	Series 2010-3779	4.00%	12/15/2030		151,034
	471,815	Series 2010-3779	4.50%	12/15/2040		535,428
	78,218	Series 2011-3786(f)	9.50% - 1M US L	01/15/2041		87,197
	1,086,628	Series 2011-3795	4.00%	01/15/2041		1,170,416
	69,792	Series 2011-3798(f)	9.50% - 1M US L	11/15/2040		78,302
	464,114	Series 2011-3808	3.50%	02/15/2031		499,253
	39,198	Series 2011-3809(f)	9.50% - 1M US L	02/15/2041		51,991
	822,582	Series 2011-3815(f)(n)	5.85% - 1M US L	02/15/2041		166,620
	379,562	Series 2011-3824	3.50%	03/15/2031		411,042
	448,865	Series 2011-3824(f)(n)	7.10% - 1M US L	08/15/2036		109,202
	500,225	Series 2011-3863	5.50%	08/15/2034		570,944
	635,682	Series 2011-3864(f)	9.20% - 1M US L	05/15/2041		808,500
	564,894	Series 2011-3871	5.50%	06/15/2041		660,041
	546,731	Series 2011-3872(f)(n)	5.95% - 1M US L	06/15/2041		95,789
	2,958,111	Series 2011-3910	5.00%	08/15/2041		3,487,048
	2,505,956	Series 2011-3924(f)(n)	6.00% - 1M US L	09/15/2041		473,276
	171,508	Series 2011-3925(n)	3.00%	09/15/2021		2,043

Principal Amount/Description			Rate	Maturity	Value
$	3,368,489	Series 2012-3(f)(n)	5.95% - 1M US L	02/25/2042	$	650,916
	3,409,321	Series 2013-4170(f)	4.05% - 1M US L	01/15/2033		3,566,670
	10,719,264	Series 2013-4218	2.50%	02/15/2043		11,348,271
	6,567,678	Series 2013-4239(j)	0.00%	07/15/2043		5,984,098
	4,861,887	Series 2014-4413	3.50%	11/15/2044		5,158,885
	3,519,830	Series 2015-4434	3.00%	02/15/2045		3,909,904
	3,427,417	Series 2015-4440	2.50%	02/15/2045		3,637,598
		Federal Home Loan Mortgage Corp. Strips
	2,396,227	Series 2017-358	3.00%	10/15/2047		2,552,650
		Federal National Mortgage Association Pool
	64,358	Series Pool #555743	5.00%	09/01/2033		73,728
	78,585	Series Pool #735382	5.00%	04/01/2035		90,263
	212,124	Series Pool #735383	5.00%	04/01/2035		243,619
	141,722	Series Pool #735484	5.00%	05/01/2035		162,722
	65,826	Series Pool #AH4437	4.00%	01/01/2041		68,841
		Federal National Mortgage Association REMICS
	71,623	Series 2004-46(f)(n)	6.00% - 1M US L	03/25/2034		8,473
	257,007	Series 2006-101(f)(n)	6.58% - 1M US L	10/25/2036		59,148
	747,104	Series 2006-123(f)(n)	6.32% - 1M US L	01/25/2037		163,750
	3,644,764	Series 2006-92(f)(n)	6.58% - 1M US L	10/25/2036		778,662
	89,623	Series 2007-102(f)(n)	6.40% - 1M US L	11/25/2037		16,938
	80,081	Series 2007-108(f)(n)	6.36% - 1M US L	12/25/2037		13,278
	16,146	Series 2007-30(f)(n)	6.11% - 1M US L	04/25/2037		2,603
	369,864	Series 2007-38(f)(n)	6.08% - 1M US L	05/25/2037		48,825
	11,486	Series 2007-51(f)(n)	6.10% - 1M US L	06/25/2037		1,511
	38,544	Series 2007-53(f)(n)	6.10% - 1M US L	06/25/2037		5,288
	502,573	Series 2007-57(f)(n)	6.62% - 1M US L	10/25/2036		104,086
	92,667	Series 2007-68(f)(n)	6.65% - 1M US L	07/25/2037		15,168
	607,426	Series 2008-3(f)(n)	6.46% - 1M US L	02/25/2038		137,303
	178,308	Series 2008-56(f)(n)	6.06% - 1M US L	07/25/2038		24,276
	34,616	Series 2008-81	5.50%	09/25/2038		39,161
	311,630	Series 2009-111	5.00%	01/25/2040		355,920
	151,000	Series 2009-111(f)(n)	6.25% - 1M US L	01/25/2040		23,969
	946,307	Series 2009-12(f)(n)	6.60% - 1M US L	03/25/2036		206,723
	33,188	Series 2009-28(f)(n)	6.00% - 1M US L	04/25/2037		4,764
	354,990	Series 2009-41	4.50%	06/25/2039		385,896
	85,505	Series 2009-42(f)(n)	6.00% - 1M US L	06/25/2039		14,378
	192,987	Series 2009-47(f)(n)	6.10% - 1M US L	07/25/2039		17,480
	104,283	Series 2009-62(f)(n)	6.10% - 1M US L	08/25/2039		13,202
	62,251	Series 2009-66(f)(n)	5.80% - 1M US L	02/25/2038		9,894
	47,449	Series 2009-68(f)(n)	5.25% - 1M US L	09/25/2039		5,509
	192,452	Series 2010-11(f)(n)	4.80% - 1M US L	02/25/2040		24,460
	37,749	Series 2010-111(f)(n)	6.00% - 1M US L	10/25/2040		5,194
	115,557	Series 2010-112	4.00%	10/25/2040		119,583
	130,088	Series 2010-115(f)(n)	6.60% - 1M US L	11/25/2039		17,269
	1,871,890	Series 2010-115(f)(n)	6.00% - 1M US L	10/25/2040		397,543
	4,356,254	Series 2010-123(f)(n)	6.05% - 1M US L	11/25/2040		911,788
	716,655	Series 2010-15(f)(n)	4.95% - 1M US L	03/25/2040		111,279
	108,240	Series 2010-34(f)(n)	4.93% - 1M US L	04/25/2040		13,815
	64,530	Series 2010-4(f)(n)	6.23% - 1M US L	02/25/2040		12,195
	86,582	Series 2010-58(f)	12.47% - 1M US L	06/25/2040		111,413
	2,909,089	Series 2010-75	4.50%	07/25/2040		3,260,751
	219,364	Series 2010-9(f)(n)	4.75% - 1M US L	02/25/2040		23,111
	55,176	Series 2010-9(f)(n)	5.30% - 1M US L	02/25/2040		8,124
	14,441	Series 2010-90(f)(n)	6.00% - 1M US L	08/25/2040		1,989

Principal Amount/Description			Rate	Maturity	Value
$	382,673	Series 2011-16	3.50%	03/25/2031	$	413,709
	578,686	Series 2011-25	3.00%	04/25/2026		602,981
	404,505	Series 2011-29	3.50%	04/25/2031		433,744
	128,373	Series 2011-48(f)	9.20% - 1M US L	06/25/2041		139,552
	387,604	Series 2011-5(f)(n)	6.40% - 1M US L	11/25/2040		36,985
	3,468,959	Series 2012-106(f)(n)	6.16% - 1M US L	10/25/2042		740,676
	1,194,654	Series 2012-124(f)	7.79% - 1M US L	11/25/2042		1,464,119
	9,795,601	Series 2012-128(f)	6.00% - 1M US L	11/25/2042		11,005,885
	200,479	Series 2012-29(f)(n)	6.00% - 1M US L	04/25/2042		26,855
	759,839	Series 2012-32(n)	5.00%	04/25/2042		121,002
	3,503,550	Series 2012-65(f)(n)	5.98% - 1M US L	06/25/2042		673,994
	3,162,403	Series 2013-19(f)	5.40% - 1M US L	03/25/2043		3,361,427
	9,646,208	Series 2013-51(f)	5.40% - 1M US L	04/25/2043		10,025,418
	1,533,094	Series 2015-59	3.00%	06/25/2041		1,552,654
	10,446,806	Series 2015-79	3.00%	11/25/2045		11,198,842
	1,614,432	Series 2015-9	3.00%	01/25/2045		1,729,917
	12,280,414	Series 2016-72	3.00%	10/25/2046		12,348,125
	2,784,269	Series 2018-21(j)	0.00%	04/25/2048		2,624,324
	2,050,939	Series 2018-27	3.00%	12/25/2047		2,149,487
	2,419,471	Series 2018-36	3.00%	06/25/2048		2,539,833
	3,835,019	Series 2019-12	3.00%	04/25/2049		4,017,585
		FMC GMSR Issuer Trust
	500,000	Series 2019-GT1(f)(g)	5.66%	05/25/2024		404,909
	5,000,000	Series 2019-GT2(f)(g)	4.72%	09/25/2024		3,733,109
		Freddie Mac Pool
	2,762,120	Series Pool #RB5022	3.00%	11/01/2039		2,912,017
		Freddie Mac REMICS
	5,117,690	Series 2011-3972(f)(n)	5.90% - 1M US L	12/15/2041		967,512
	4,429,245	Series 2017-4703	3.50%	07/15/2047		4,871,733
		Government National Mortgage Association
	55,693	Series 2004-83(f)(n)	6.08% - 1M US L	10/20/2034		10,820
	47,485	Series 2008-6(f)(n)	6.46% - 1M US L	02/20/2038		9,666
	45,207	Series 2008-67(f)(n)	6.00% - 1M US L	08/20/2038		7,743
	709,904	Series 2008-69(f)(n)	7.63% - 1M US L	08/20/2038		164,440
	63,167	Series 2009-10(f)(n)	6.65% - 1M US L	02/16/2039		12,546
	897,263	Series 2009-35	4.50%	05/20/2039		1,011,834
	3,637,979	Series 2009-58(f)(n)	6.25% - 1M US L	06/20/2039		620,211
	50,624	Series 2009-6(f)(n)	5.95% - 1M US L	02/20/2038		6,769
	1,681,003	Series 2009-75	5.00%	09/20/2039		1,927,205
	4,016,738	Series 2010-121(f)(n)	6.00% - 1M US L	09/20/2040		771,660
	69,368	Series 2010-61(f)(n)	6.55% - 1M US L	09/20/2039		12,679
	123,677	Series 2010-98(f)(n)	5.67%	03/20/2039		14,546
	2,543,393	Series 2011-148	3.50%	11/16/2041		2,763,503
	556,054	Series 2011-69(j)	0.00%	05/20/2041		544,805
	1,717,039	Series 2011-71	4.50%	02/20/2041		1,916,943
	1,117,698	Series 2011-71(f)(n)	5.40% - 1M US L	05/20/2041		195,302
	356,403	Series 2011-72(f)(n)	6.15% - 1M US L	05/20/2041		78,990
	1,825,837	Series 2011-89(f)(n)	5.45% - 1M US L	06/20/2041		312,653
	327,871	Series 2012-105(f)(n)	6.20% - 1M US L	01/20/2041		15,242
	4,868,746	Series 2013-113(f)(n)	6.25% - 1M US L	03/20/2043		660,090
	6,671,620	Series 2013-122(f)(n)	6.10% - 1M US L	08/16/2043		1,197,705
	4,091,191	Series 2013-148(f)(n)	5.68% - 1M US L	10/16/2043		927,373
	7,133,507	Series 2013-186(f)(n)	6.25% - 1M US L	02/16/2043		1,112,687
	4,437,283	Series 2014-156(f)(n)	6.25% - 1M US L	10/20/2044		833,134
	8,908,385	Series 2014-4(f)(n)	6.10% - 1M US L	01/16/2044		1,516,160
	10,175,589	Series 2014-41(f)(n)	6.10% - 1M US L	03/20/2044		2,130,242
	5,971,137	Series 2014-5(f)(n)	6.15% - 1M US L	07/20/2043		918,686

Principal Amount/Description			Rate	Maturity	Value
$	5,755,357	Series 2014-95(f)(n)	6.25% - 1M US L	06/16/2044	$	1,216,509
	16,763,247	Series 2018-97(f)(n)	6.20% - 1M US L	07/20/2048		2,157,403
	21,600,881	Series 2019-22(f)(n)	5.60% - 1M US L	02/20/2045		4,455,594
	17,250,030	Series 2019-92(f)(n)	6.10% - 1M US L	07/20/2049		2,270,316
	23,970,806	Series 2020-47(f)(n)	6.00% - 1M US L	05/20/2044		4,569,864
		JP Morgan Resecuritization Trust
	3,128,486	Series 2014-6(f)(g)	1M US L + 0.21%	07/27/2046		2,733,843
		Legacy Mortgage Asset Trust
	13,310,000	Series 2019-GS7(g)(o)	4.50%	11/25/2059		12,927,259
		LHOME Mortgage Trust
	4,250,000	Series 2020-RTL1(g)(o)	3.72%	10/25/2022		3,952,212
	3,750,000	Series 2020-RTL1(g)(o)	4.95%	10/25/2022		3,618,709
		Mello Warehouse Securitization Trust
	3,500,000	Series 2019-1(f)(g)	1M US L + 3.50%	05/14/2021		3,423,637
	5,680,000	Series 2019-2(f)(g)	1M US L + 3.25%	10/25/2021		5,451,202
		Residential Mortgage Loan Trust
	3,250,000	Series 2020-1(f)(g)	4.67%	02/25/2024		2,887,204
		Toorak Mortgage Corp., Ltd.
	3,500,000	Series 2019-2(o)	4.21%	09/25/2022		3,310,110
TOTAL U.S. GOVERNMENT / AGENCY MORTGAGE BACKED SECURITIES
(Cost $314,489,032)						266,586,067

Shares/Description			Value
WARRANTS - 0.00%(b)
	219,520	Oas SA, Strike Price 1.00, Expires 05/16/2039(m)		0
TOTAL WARRANTS
(Cost $0)				0
SHORT-TERM INVESTMENTS - 14.81%
Money Market Fund - 14.67%
	261,489,822	State Street Institutional Trust (7 Day Yield 0.12%)		261,489,822

Principal Amount/Description			Rate	Maturity	Value
U.S. Treasury - 0.14%
	2,250,000	United States Treasury Bill(p)	0.16%	11/27/2020		2,248,603
	185,000	United States Treasury Bill(p)	1.54%	11/05/2020		184,906
						2,433,509
TOTAL SHORT-TERM INVESTMENTS
(Cost $263,922,358)						263,923,331
TOTAL INVESTMENTS - 99.72%
(Cost $1,888,243,073)					$	1,777,398,769
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.28%						5,052,475
NET ASSETS - 100.00%					$	1,782,451,244

Investment Abbreviations:

LIBOR - London Interbank Offered Rate

SOFR - Secured Overnight Financing Rate Data

Libor Rates:

1M US L - 1 Month LIBOR as of June 30, 2020 was 0.16%

2M US L - 2 Month LIBOR as of June 30, 2020 was 0.23%

3M US L - 3 Month LIBOR as of June 30, 2020 was 0.30%

1D SOFR - 1 Day SOFR as of June 30, 2020 was 0.10%

(a)	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.
(b)	Non-income producing security.
(c)	Affiliated company. See Note 9 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)	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 (The "Board"). As of June 30, 2020, the aggregate fair value of those securities was $36,844,187, representing 2.07% of net assets.
(f)	Variable rate investment. Interest rates reset periodically. Interest rate shown reflects the rate in effect at June 30, 2020. 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.
(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 $414,040,241, which represents approximately 23.23% of net assets as of June 30, 2020.
(h)	Security is currently in default.
(i)	Pay-in-kind securities - Rate paid in-kind is shown in parenthesis.
(j)	Issued with a zero coupon.  Income is recognized through the accretion of discount.
(k)	Less than 0.005%.
(l)	All or a portion of this position has not settled as of June 30, 2020. 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.
(m)	The Level 3 assets were a result of unavailable quoted prices from an active market or the unavailability of other significant observable inputs.
(n)	Interest only securities.
(o)	Step up bond. Coupon changes periodically based upon a predetermined schedule. Interest rate disclosed is that which is in effect at June 30, 2020.
(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

June 30, 2020 (Unaudited)

Shares/Description			Value
CLOSED-END FUNDS - 11.22%
	32,676	BlackRock Debt Strategies Fund, Inc.	$	304,867
	19,511	BrandywineGLOBAL - Global Income Opportunities Fund, Inc.		225,157
	50,612	Eaton Vance Limited Duration Income Fund		570,397
	61,831	Highland Income Fund		497,740
	44,738	Invesco Dynamic Credit Opportunities Fund		398,168
	215,950	Invesco Senior Income Trust		747,187
	15,529	NexPoint Credit Strategies Fund		163,365
	49,325	PGIM Global High Yield Fund, Inc.		627,414
	32,911	PGIM High Yield Bond Fund, Inc.		435,413
	61,469	Western Asset Global High Income Fund, Inc.		568,588
	128,787	Western Asset High Income Opportunity Fund, Inc.		594,996
TOTAL CLOSED-END FUNDS
(Cost $5,972,160)				5,133,292
COMMON STOCKS - 0.06%
	947	DBI Investors, Inc.(a)(b)		1,345
	2,675	PHI Group, Inc.(a)(b)		21,748
	629	Phi, Inc.(a)(b)		5,114
	3,002	Ultra Petroleum Corp.(b)		57
TOTAL COMMON STOCKS
(Cost $265,094)				28,264
PREFERRED STOCKS - 0.19%
	116	DBI Investors Inc., 10.000%(a)(b)(c)(d)		39
	101	Sequa Corp., 7.000%(a)(b)(c)		88,265
TOTAL PREFERRED STOCKS
(Cost $112,039)				88,304

Principal Amount/Description			Rate	Maturity	Value
BANK LOANS - 36.54%
Canada - 0.50%
$	235,932	GFL Environmental, Inc., First Lien  - Effective Date Incremental Term Loan(e)	3M US L + 3.00%, 1.00% Floor	05/30/2025		230,034
Denmark - 0.74%
	229,305	Nets Holdco 4 ApS, First Lien  - Facility B1E Term Loan(e)	3M EUR L + 3.25%	02/06/2025		248,961
	81,941	TDC A/S, First Lien  - Facility B3 Term Loan(e)	1M EUR L + 3.00%	06/04/2025		89,456
						338,417

Principal Amount/Description			Rate	Maturity	Value
Finland - 0.22%
$	100,000	Mascot Bidco Oy, First Lien  - Facility B Term Loan(e)	6M EUR L + 4.50%	03/30/2026	$	102,133
France - 1.56%
	98,500	Altice France S.A., First Lien  - USD TLB-13 Incremental Term Loan(e)	1M US L + 4.00%	08/14/2026		95,105
	100,000	CAB, First Lien  - Facility B Term Loan(e)	6M EUR L + 3.75%	04/25/2026		108,698
	300,000	Constantin Investissement 4 S.A.S., First Lien  - Facility B Term Loan(e)	6M EUR L + 3.00%	04/22/2024		323,332
	194,000	Numericable U.S. LLC, First Lien  - USD TLB-11 Term Loan(e)	1M US L + 2.75%	07/31/2025		184,530
						711,665
Germany - 0.56%
	157,130	CTC AcquiCo GmbH, First Lien  - Facility B2 Term Loan(e)	3M US L + 2.75%	03/07/2025		148,357
	100,000	Marcel Lux IV SARL, First Lien  - Facility B2 (EUR) Term Loan(e)	3M EUR L + 3.50%	03/16/2026		108,324
						256,681
Great Britain - 1.93%
	175,772	Formula One Management, Ltd., First Lien  - Facility B3 Term Loan(e)	1M US L + 2.50%, 1.00% Floor	02/01/2024		167,973
	210,000	Franklin UK Midco, Ltd., First Lien  - Facility B1 Term Loan(e)	6M EUR L + 3.50%	12/18/2024		197,889
	300,000	Genesis Care Finance Pty, Ltd., First Lien  - Facility B2 Term Loan(e)	3M EUR L + 3.00%	10/30/2025		319,690
	181,182	Lernen Bidco, Ltd., First Lien  - Facility B1 (EUR) Term Loan(e)	6M EUR L + 4.25%	10/25/2025		197,959
						883,511
Luxembourg - 1.66%
	250,000	AI Convoy S.a r.l., First Lien  - Facility B Term Loan(e)	L + 3.50%, 1.00% Floor	01/18/2027		239,687
	146,250	Altice Financing S.A., First Lien  - October 2017 USD Term Loan(e)	1M US L + 2.75%	01/31/2026		138,572
	249,375	Camelot U.S. Acquisition 1 Co., First Lien  - Initial Term Loan(e)	L + 3.25%	10/30/2026		242,167
	134,181	Intelsat Jackson Holdings S.A., First Lien  - DIP Term Loan(e)(f)	L + 5.50%, 1.00% Floor	07/14/2021		136,571
						756,997
Netherlands - 1.43%
	39,500	NEP Group, Inc., First Lien  - Initial Euro Term Loan(e)	3M EUR L + 3.50%	10/20/2025		38,221
	283,418	Peer Holdings III B.V., First Lien  - Facility B Term Loan(e)	6M EUR L + 3.25%	03/07/2025		304,050
	250,000	Sigma Holdco B.V., First Lien  - Facility B4 (GBP) Term Loan(e)	1M US L + 4.00%	07/02/2025		295,613
	17,820	Sunshine Investments B.V., First Lien  - Facility B3 Term Loan(e)	L + 3.25%	03/28/2025		17,374
						655,258
Sweden - 0.48%
	200,000	Verisure Holding AB, First Lien  - Facility B1F Term Loan(e)	6M EUR L + 3.50%	10/21/2022		220,536
United States - 27.46%
	245,207	Access CIG LLC, First Lien  - B Term Loan(e)	1M US L + 3.75%	02/27/2025		234,225
	334,523	Acuity Specialty Products, Inc., First Lien  - Initial Term Loan(e)	3M US L + 4.00%, 1.00% Floor	08/12/2024		284,344

Principal Amount/Description			Rate	Maturity	Value
$	147,375	Adtalem Global Education, Inc., First Lien  - B Term Loan(e)	1M US L + 3.00%	04/11/2025	$	138,164
	250,000	AI Aqua Merger Sub, Inc., First Lien  - Sixth Amendment Initial Incremental Term Loan(e)	L + 5.25%, 1.00% Floor	12/13/2023		248,750
	38,700	AI Aqua Merger Sub, Inc., First Lien  - Tranche B-1 Term Loan(e)	3M US L + 3.25%, 1.00% Floor	12/13/2023		37,297
	241,207	American Renal Holdings, Inc., First Lien  - B Term Loan(e)	1M US L + 5.00%	06/21/2024		227,941
	237,112	American Rock Salt Co. LLC, First Lien  - Initial Term Loan(e)	1M US L + 3.75%, 1.00% Floor	03/21/2025		232,666
	147,375	Amynta Agency Borrower, Inc., First Lien  - B Term Loan(e)	1M US L + 4.50%	02/28/2025		129,322
	146,291	Applied Systems, Inc., First Lien  - Closing Date Term Loan(e)	3M US L + 3.25%, 1.00% Floor	09/19/2024		142,667
	250,000	AssuredPartners, Inc., First Lien  - 2020 June Incremental Term Loan(e)	L + 4.50%, 1.00% Floor	02/12/2027		246,563
	143,331	Asurion LLC, First Lien  - Amendment No. 14 Replacement B-4 Term Loan(e)	1M US L + 3.00%	08/04/2022		139,927
	246,875	Atlantic Aviation FBO, Inc., First Lien  - B Term Loan(e)	1M US L + 3.75%	12/06/2025		233,297
	166,678	Aveanna Healthcare LLC, First Lien  - Initial Term Loan(e)	3M US L + 4.25%, 1.00% Floor	03/18/2024		148,622
	179,798	BCP Renaissance Parent LLC, First Lien  - Initial Term Loan(e)	3M US L + 3.50%, 1.00% Floor	10/31/2024		151,673
	196,000	Beacon Roofing Supply, Inc., First Lien  - Initial Term Loan(e)	1M US L + 2.25%	01/02/2025		187,214
	146,625	Belron Finance US LLC, First Lien  - Initial B Term Loan(e)	3M US L + 2.50%	11/07/2024		142,410
	97,500	Big River Steel LLC, First Lien  - Closing Date Term Loan(e)	3M US L + 5.00%, 1.00% Floor	08/23/2023		92,229
	244,387	Boing US Holdco, Inc., First Lien  - B Term Loan(e)	1M US L + 3.25%, 1.00% Floor	10/03/2024		229,724
	246,250	Bracket Intermediate Holding Corp., First Lien  - Initial Term Loan(e)	3M US L + 4.25%	09/05/2025		229,628
	246,875	Brookfield WEC Holdings, Inc., First Lien  - Initial (2020) Term Loan(e)	1M US L + 3.00%, 0.75% Floor	08/01/2025		239,160
	100,000	Carnival Corp., First Lien  - B Term Loan(e)(f)	L + 7.50%, 1.00% Floor	06/30/2025		96,750
	203,559	Cengage Learning, Inc., First Lien  - 2016 Refinancing Term Loan(e)	3M US L + 4.25%, 1.00% Floor	06/07/2023		165,900
	246,875	CentralSquare Technologies LLC, First Lien  - Initial Term Loan(e)	1M US L + 3.75%	08/29/2025		218,588
	248,750	CenturyLink, Inc., First Lien  - B Term Loan(e)	L + 2.25%	03/15/2027		235,397
	103,002	CEOC LLC, First Lien  - B Term Loan(e)	1M US L + 2.00%	10/07/2024		102,664
	244,397	Charter Communications Operating LLC, First Lien  - B-2 Term Loan(e)	1M US L + 1.75%	02/01/2027		235,859
	96,837	Charter NEX US, Inc., First Lien  - Initial Term Loan(e)	1M US L + 2.75%, 1.00% Floor	05/16/2024		93,125
	146,984	Cogeco Communications II LP, First Lien  - B Term Loan(e)	1M US L + 2.00%	01/03/2025		141,059
	245,625	Covia Holdings Corp., First Lien  - Initial Term Loan(e)(g)	3M US L + 4.00%, 1.00% Floor	06/01/2025		141,005
	172,543	Cypress Intermediate Holdings III, Inc., First Lien  - Initial Term Loan(e)	1M US L + 3.00%, 1.00% Floor	04/29/2024		167,439
	250,000	Delta Air Lines, Inc., First Lien (e)	L + 4.75%	04/29/2023		246,016
	147,001	EG Group, Ltd., First Lien  - Additional Facility Term Loan(e)	6M US L + 4.00%	02/07/2025		138,427
	250,000	Ellie Mae, Inc., First Lien (e)(f)	L + 3.75%	04/17/2026		243,312

Principal Amount/Description			Rate	Maturity	Value
$	96,753	ExamWorks Group, Inc., First Lien - B-1 Term Loan(e)	3M US L + 3.25%, 1.00% Floor	07/27/2023	$	94,879
	245,625	Flynn Restaurant Group LP, First Lien  - Initial Term Loan(e)	1M US L + 3.50%	06/27/2025		226,794
	125,000	Flynn Restaurant Group LP, Second Lien  - Initial Term Loan(e)	1M US L + 7.00%	06/29/2026		102,708
	246,250	Franklin Square Holdings LP, First Lien  - Initial Term Loan(e)	1M US L + 2.25%	08/01/2025		238,862
	250,000	Froneri International, Ltd., First Lien  - Facility B2 Term Loan(e)	L + 2.25%	01/29/2027		235,783
	136,988	Gentiva Health Services, Inc., First Lien  - B Term Loan(e)	1M US L + 3.25%	07/02/2025		133,221
	194,509	Global Medical Response, Inc., First Lien  - 2018 Term Loan(e)	3M US L + 3.25%, 1.00% Floor	04/28/2022		187,750
	216,055	Globallogic Holdings, Inc., First Lien  - Initial Term Loan(e)	1M US L + 2.75%	08/01/2025		207,862
	115,737	Graftech International, Ltd., First Lien  - Initial Term Loan(e)	1M US L + 3.50%, 1.00% Floor	02/12/2025		113,085
	159,679	Greeneden U.S. Holdings I LLC, First Lien  - Tranche B-3 Dollar Term Loan(e)	1M US L + 3.25%	12/01/2023		154,261
	97,751	Greenrock Finance, Inc., First Lien  - Initial USD B Term Loan(e)	3M US L + 3.50%, 1.00% Floor	06/28/2024		91,177
	154,090	Jaguar Holding Co. I LLC, First Lien  - 2018 Term Loan(e)	1M US L + 2.50%, 1.00% Floor	08/18/2022		152,549
	99,000	JBS USA Lux S.A., First Lien  - New Term Loan(e)	3M US L + 2.00%	05/01/2026		95,068
	33,000	JetBlue Airways Corp., First Lien (e)(f)	L + 5.25%, 1.00% Floor	06/12/2024		32,390
	77,400	Learfield Communications LLC, First Lien  - Initial Term Loan(e)	1M US L + 3.25%, 1.00% Floor	12/01/2023		58,785
	228,971	Life Time Fitness, Inc., First Lien  - 2017 Refinancing Term Loan(e)	3M US L + 2.75%, 1.00% Floor	06/10/2022		204,787
	39,268	McAfee LLC, First Lien  - B USD Term Loan(e)	1M US L + 3.75%	09/30/2024		38,357
	250,000	Mileage Plus Holdings LLC, First Lien  - B Term Loan(e)(f)	L + 5.25%, 1.00% Floor	06/25/2027		248,464
	250,000	NASCAR Holdings LLC, First Lien  - Initial Term Loan(e)	L + 2.75%	10/19/2026		240,179
	243,750	Natgasoline LLC, First Lien  - Initial Term Loan(e)	3M US L + 3.50%	11/14/2025		235,219
	10,000	Navicure, Inc., First Lien  - Initial Term Loan(e)	L + 4.00%	10/22/2026		9,625
	97,000	Onvoy LLC, First Lien  - Initial Term Loan(e)	1M US L + 4.50%, 1.00% Floor	02/10/2024		92,029
	147,226	PetVet Care Centers LLC, First Lien  - Initial Term Loan(e)	1M US L + 2.75%	02/14/2025		140,601
	250,000	PG&E Corp., First Lien (e)(f)	L + 4.50%, 1.00% Floor	06/23/2025		246,000
	249,375	Pug LLC, First Lien  - USD B Term Loan(e)	L + 3.50%	02/12/2027		218,827
	234,695	Recess Holdings, Inc., First Lien  - Initial Term Loan(e)	1M US L + 3.75%, 1.00% Floor	09/30/2024		195,187
	250,000	Recorded Books, Inc., First Lien  - Initial Term Loan(e)	L + 4.25%	08/29/2025		243,437
	194,150	Ring Container Technologies Group LLC, First Lien  - Initial Term Loan(e)	1M US L + 2.75%	10/31/2024		186,141
	250,000	Sotera Health Holdings LLC, First Lien  - Initial Term Loan(e)	L + 4.50%, 1.00% Floor	12/11/2026		244,870
	220,928	St. George's University Scholastic Services LLC, First Lien (e)	1M US L + 3.25%	07/17/2025		214,300

Principal Amount/Description			Rate	Maturity	Value
$	250,000	T-Mobile USA, Inc., First Lien (e)	L + 3.00%	04/01/2027	$	249,886
	199	Toys R Us Tl2(d)	9.50%    (12.50%)	03/08/2024		196
	85,236	Trans Union LLC, First Lien  - 2019 Replacement B-5 Term Loan(e)	1M US L + 1.75%	11/16/2026		81,773
	172,924	TransDigm, Inc., First Lien  - Tranche E Refinancing Term Loan(e)	1M US L + 2.25%	05/30/2025		156,212
	247,500	Tunnel Hill Partners LP, First Lien  - Initial Term Loan(e)	3M US L + 3.50%	02/06/2026		225,844
	250,000	UFC Holdings LLC, First Lien  - B-1 Term Loan(e)(f)	1M US L + 3.25%, 1.00% Floor	04/29/2026		239,791
	250,000	Ultimate Software Group, Inc., First Lien  - 2020 Incremental Term Loan(e)(f)	L + 4.00%, 0.75% Floor	05/04/2026		247,481
	35,761	Vestcom Parent Holdings, Inc., First Lien  - L/C Collaterilized Term Loan(e)	3M US L + 3.00%, 1.00% Floor	12/19/2023		33,615
	227,681	Windstream Services Tl(a)(e)	L + 4.00%	12/31/2049		157,100
	132,005	YI LLC, First Lien  - Initial Term Loan(e)	3M US L + 4.00%, 1.00% Floor	11/07/2024		114,184
	250,000	Zayo Group Holdings, Inc., First Lien  - Initial Dollar Term Loan(e)	L + 3.00%	03/09/2027		238,113
						12,568,756
TOTAL BANK LOANS
(Cost $17,816,722)						16,723,988
HIGH YIELD DEBT- 50.25%
Australia - 0.35%
	40,000	Mineral Resources, Ltd.(h)	8.13%	05/01/2027		42,616
	120,000	Nufarm Australia, Ltd. / Nufarm Americas, Inc.(h)	5.75%	04/30/2026		116,227
						158,843
Canada - 1.69%
	70,000	1011778 BC ULC / New Red Finance, Inc.(h)	4.38%	01/15/2028		68,732
	30,000	Baytex Energy Corp.(h)	8.75%	04/01/2027		14,775
	55,000	Bombardier, Inc.(h)	6.13%	01/15/2023		37,884
	36,000	Cascades, Inc.(h)	5.75%	07/15/2023		36,401
	35,000	Cascades, Inc./Cascades USA, Inc.(h)	5.13%	01/15/2026		35,635
	65,000	Cascades, Inc./Cascades USA, Inc.(h)	5.38%	01/15/2028		66,178
	45,000	Eldorado Gold Corp.(h)	9.50%	06/01/2024		48,089
	25,000	First Quantum Minerals, Ltd.(h)	7.25%	05/15/2022		24,531
	20,000	First Quantum Minerals, Ltd.(h)	7.25%	04/01/2023		19,226
	85,000	GFL Environmental, Inc.(h)	5.13%	12/15/2026		88,187
	60,000	goeasy, Ltd.(h)	5.38%	12/01/2024		58,319
	50,000	Mattamy Group Corp.(h)	4.63%	03/01/2030		48,086
	45,000	MEG Energy Corp.(h)	7.00%	03/31/2024		38,705
	55,000	MEG Energy Corp.(h)	7.13%	02/01/2027		45,856
	35,000	Precision Drilling Corp.	7.75%	12/15/2023		24,103
	15,000	Precision Drilling Corp.(h)	7.13%	01/15/2026		9,203
	70,000	Telesat Canada / Telesat LLC(h)	4.88%	06/01/2027		68,819
	50,000	Vermilion Energy, Inc.(h)	5.63%	03/15/2025		42,432
						775,161
Cayman Islands - 0.34%
	105,000	Global Aircraft Leasing Co., Ltd.(d)(h)	6.50% (7.25%)	09/15/2024		70,612
	66,800	Transocean Guardian, Ltd.(h)	5.88%	01/15/2024		59,101

Principal Amount/Description			Rate	Maturity	Value
$	30,000	Transocean Poseidon, Ltd.(h)	6.88%	02/01/2027	$	25,950
						155,663
Denmark - 0.25%
	100,000	DKT Finance ApS(i)	7.00%	06/17/2023		112,168
France - 1.49%
	100,000	Altice France SA(i)	5.88%	02/01/2027		118,624
	120,000	Altice France SA(h)	5.50%	01/15/2028		121,403
	100,000	Banijay Entertainment SASU(h)	3.50%	03/01/2025		107,700
	100,000	Constantin Investissement 3 SASU(i)	5.38%	04/15/2025		113,206
	100,000	Faurecia SE	3.13%	06/15/2026		110,325
	100,000	Rexel SA	2.63%	06/15/2024		112,124
						683,382
Germany - 1.26%
	100,000	IHO Verwaltungs GmbH(d)(i)	3.75%    (4.50%)	09/15/2026		110,247
	120,000	Nidda Healthcare Holding GmbH(i)	3.50%	09/30/2024		133,383
	100,000	Techem Verwaltungsgesellschaft 674 mbH(i)	6.00%	07/30/2026		115,298
	100,000	Tele Columbus AG(i)	3.88%	05/02/2025		105,356
	100,000	WEPA Hygieneprodukte GmbH(i)	2.88%	12/15/2027		110,315
						574,599
Great Britain - 1.06%
	100,000	Arqiva Broadcast Finance PLC	6.75%	09/30/2023		128,868
	55,000	Connect Finco SARL / Connect US Finco LLC(h)	6.75%	10/01/2026		52,079
	100,000	Nomad Foods Bondco PLC(i)	3.25%	05/15/2024		113,520
	100,000	Synlab Bondco PLC(e)(h)	3M EUR L + 4.75%	07/01/2025		112,619
	20,000	Tronox Finance PLC(h)	5.75%	10/01/2025		18,573
	60,000	Virgin Media Finance PLC(h)	5.00%	07/15/2030		58,881
						484,540
Ireland - 0.90%
	200,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.(h)	5.25%	08/15/2027		196,662
	10,000	Avolon Holdings Funding, Ltd.(h)	5.50%	01/15/2023		9,421
	70,000	Avolon Holdings Funding, Ltd.(h)	3.95%	07/01/2024		61,297
	20,000	Endo Dac / Endo Finance LLC / Endo Finco, Inc.(h)	9.50%	07/31/2027		21,254
	100,000	Virgin Media Vendor Financing Notes III DAC(h)	4.88%	07/15/2028		124,990
						413,624
Isle Of Man - 0.24%
	100,000	Playtech PLC	3.75%	10/12/2023		111,334
Italy - 1.17%
	100,000	Bormioli Pharma Bidco SpA(e)(i)	3M EUR L + 3.50%	11/15/2024		100,942
	100,000	Guala Closures SpA(e)(h)	3M EUR L + 3.50%	04/15/2024		110,929
	100,000	LKQ Italia Bondco SpA(i)	3.88%	04/01/2024		116,693
	200,000	Telecom Italia SpA(h)	5.30%	05/30/2024		208,877
						537,441
Jersey - 0.51%
	100,000	CPUK Finance, Ltd.(i)	4.25%	08/28/2022		118,780
	100,000	LHC3 PLC(d)(h)	4.13%    (9.00%)	08/15/2024		112,967
						231,747
Luxembourg - 2.61%
	100,000	Altice Financing SA(h)	3.00%	01/15/2028		103,642

Principal Amount/Description			Rate	Maturity	Value
$	100,000	Altice France Holding SA(h)	4.00%	02/15/2028	$	101,890
	45,000	ArcelorMittal SA	3.60%	07/16/2024		44,623
	55,000	ArcelorMittal SA	4.55%	03/11/2026		55,587
	15,000	ArcelorMittal SA	7.25%	10/15/2039		17,945
	100,000	ARD Finance SA(d)(h)	5.00%    (5.75%)	06/30/2027		108,362
	100,000	Cirsa Finance International Sarl(i)	4.75%	05/22/2025		98,937
	85,000	Dana Financing Luxembourg Sarl(h)	5.75%	04/15/2025		86,585
	100,000	Lincoln Financing SARL(i)	3.63%	04/01/2024		103,326
	100,000	Monitchem HoldCo 3 SA(i)	5.25%	03/15/2025		114,418
	100,000	Motion Finco Sarl(i)	7.00%	05/15/2025		115,860
	100,000	Summer BC Holdco B SARL(i)	5.75%	10/31/2026		107,322
	100,000	Swissport Financing Sarl(i)	9.00%	02/15/2025		22,830
	100,000	Telenet Finance Luxembourg Notes Sarl(i)	3.50%	03/01/2028		114,383
						1,195,710
Netherlands - 2.31%
	100,000	Intertrust Group BV(i)	3.38%	11/15/2025		112,433
	100,000	Sigma Holdco BV(i)	5.75%	05/15/2026		109,930
	100,000	Sunshine Mid BV(i)	6.50%	05/15/2026		111,575
	100,000	Telefonica Europe BV(c)(e)	4.38%	Perpetual Maturity		116,282
	100,000	Trivium Packaging Finance BV(h)	3.75%	08/15/2026		110,909
	200,000	UPC Holding BV(h)	5.50%	01/15/2028		193,283
	100,000	ZF Europe Finance BV	2.00%	02/23/2026		104,404
	45,000	Ziggo Bond Co. BV(h)	5.13%	02/28/2030		44,726
	145,000	Ziggo Bond Co. BV(h)	3.38%	02/28/2030		153,947
						1,057,489
Sweden - 0.45%
	100,000	Intrum AB(i)	3.00%	09/15/2027		94,701
	100,000	Verisure Midholding AB(i)	5.75%	12/01/2023		113,011
						207,712
United States - 35.62%
	60,000	Acadia Healthcare Co., Inc.	5.13%	07/01/2022		60,048
	55,000	Acadia Healthcare Co., Inc.	6.50%	03/01/2024		56,173
	135,000	Acadia Healthcare Co., Inc.(h)	5.50%	07/01/2028		135,844
	50,000	ACCO Brands Corp.(h)	5.25%	12/15/2024		50,807
	20,000	Acrisure LLC / Acrisure Finance, Inc.(h)	8.13%	02/15/2024		20,841
	35,000	Acrisure LLC / Acrisure Finance, Inc.(h)	10.13%	08/01/2026		37,707
	60,000	Adient US LLC(h)	7.00%	05/15/2026		62,198
	75,000	AES Corp.	6.00%	05/15/2026		78,549
	45,000	Albertsons Cos. Inc / Safeway, Inc. / New Albertsons LP / Albertsons LLC(h)	5.88%	02/15/2028		46,506
	105,000	Allied Universal Holdco LLC / Allied Universal Finance Corp.(h)	6.63%	07/15/2026		110,591
	105,000	American Axle & Manufacturing, Inc.	6.88%	07/01/2028		104,341
	65,000	Amsted Industries, Inc.(h)	4.63%	05/15/2030		64,350
	60,000	Apache Corp.	4.75%	04/15/2043		48,383
	10,000	Apache Corp.	4.25%	01/15/2044		7,541
	65,000	APX Group, Inc.(h)	6.75%	02/15/2027		60,887
	10,000	Aramark Services, Inc.(h)	6.38%	05/01/2025		10,345
	30,000	Aramark Services, Inc.(h)	5.00%	02/01/2028		28,569
	40,000	Archrock Partners LP / Archrock Partners Finance Corp.(h)	6.88%	04/01/2027		37,796
	50,000	Archrock Partners LP / Archrock Partners Finance Corp.(h)	6.25%	04/01/2028		45,890
	100,000	Arconic Corp.(h)	6.13%	02/15/2028		100,257

Principal Amount/Description			Rate	Maturity	Value
$	11,000	Asbury Automotive Group, Inc.(h)	4.50%	03/01/2028	$	10,704
	13,000	Asbury Automotive Group, Inc.(h)	4.75%	03/01/2030		12,708
	30,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp.(h)	7.00%	11/01/2026		19,307
	20,000	Ascent Resources Utica Holdings, LLC / ARU Finance Corp.(h)	10.00%	04/01/2022		17,112
	55,000	ASGN, Inc.(h)	4.63%	05/15/2028		53,807
	100,000	Axalta Coating Systems LLC(i)	4.25%	08/15/2024		111,928
	92,000	Bausch Health Cos., Inc.(h)	6.13%	04/15/2025		93,443
	55,000	Bausch Health Cos., Inc.(h)	7.00%	01/15/2028		56,743
	195,000	Bausch Health Cos., Inc.(h)	5.00%	01/30/2028		183,834
	5,000	Bausch Health Cos., Inc.(h)	6.25%	02/15/2029		5,034
	85,000	Berry Global, Inc.(h)	4.50%	02/15/2026		83,953
	30,000	Berry Petroleum Co. LLC(h)	7.00%	02/15/2026		24,407
	35,000	Block Communications, Inc.(h)	4.88%	03/01/2028		34,655
	65,000	Boyd Gaming Corp.	6.38%	04/01/2026		61,873
	10,000	Boyd Gaming Corp.	6.00%	08/15/2026		9,336
	65,000	Boyd Gaming Corp.(h)	4.75%	12/01/2027		55,922
	65,000	Brink's Co.(h)	5.50%	07/15/2025		66,367
	45,000	Buckeye Partners LP(h)	4.50%	03/01/2028		42,412
	5,000	Callon Petroleum Co.	6.13%	10/01/2024		1,716
	45,000	Callon Petroleum Co.	6.38%	07/01/2026		15,010
	45,000	Calpine Corp.(h)	5.13%	03/15/2028		44,083
	75,000	Cardtronics, Inc. / Cardtronics USA, Inc.(h)	5.50%	05/01/2025		73,023
	35,000	Carnival Corp.(h)	11.50%	04/01/2023		37,885
	55,000	Carriage Services, Inc.(h)	6.63%	06/01/2026		58,015
	100,000	Catalent Pharma Solutions, Inc.(h)	2.38%	03/01/2028		106,732
	100,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.50%	05/01/2026		103,859
	25,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.00%	02/01/2028		25,838
	15,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	5.38%	06/01/2029		15,842
	120,000	CCO Holdings LLC / CCO Holdings Capital Corp.(h)	4.75%	03/01/2030		122,966
	130,000	Cedar Fair LP(h)	5.25%	07/15/2029		117,755
	65,000	Central Garden & Pet Co.	5.13%	02/01/2028		67,766
	165,000	CenturyLink, Inc.(h)	5.13%	12/15/2026		164,844
	25,000	CF Industries, Inc.	5.15%	03/15/2034		26,791
	30,000	ChampionX Corp.	6.38%	05/01/2026		27,985
	35,000	Change Healthcare Holdings LLC / Change Healthcare Finance, Inc.(h)	5.75%	03/01/2025		34,644
	30,000	Cheniere Energy Partners LP	5.25%	10/01/2025		29,931
	35,000	Cheniere Energy Partners LP(h)	4.50%	10/01/2029		34,232
	65,000	Churchill Downs, Inc.(h)	5.50%	04/01/2027		63,369
	40,000	CIT Group, Inc.(e)	1D US SOFR + 3.827%	06/19/2024		39,154
	10,000	Citgo Holding, Inc.(h)	9.25%	08/01/2024		9,975
	150,000	CITGO Petroleum Corp.(h)	6.25%	08/15/2022		149,533
	20,000	CITGO Petroleum Corp.(h)	7.00%	06/15/2025		20,075
	30,000	Clean Harbors, Inc.(h)	5.13%	07/15/2029		31,203
	75,000	Cleveland-Cliffs, Inc.(h)	6.75%	03/15/2026		72,562
	120,000	Colt Merger Sub, Inc.(h)	6.25%	07/01/2025		119,364
	40,000	CommScope Technologies LLC(h)	6.00%	06/15/2025		38,732
	135,000	CommScope Technologies LLC(h)	5.00%	03/15/2027		122,001
	5,000	CommScope, Inc.(h)	5.50%	03/01/2024		5,062
	30,000	CommScope, Inc.(h)	6.00%	03/01/2026		30,829
	35,000	CommScope, Inc.(h)	7.13%	07/01/2028		35,091

Principal Amount/Description			Rate	Maturity	Value
$	50,000	Comstock Resources, Inc.	9.75%	08/15/2026	$	46,917
	85,000	Comstock Resources, Inc.	9.75%	08/15/2026		79,581
	45,000	Continental Resources, Inc.	5.00%	09/15/2022		44,350
	130,000	Covanta Holding Corp.	6.00%	01/01/2027		132,101
	62,000	CrownRock LP / CrownRock Finance, Inc.(h)	5.63%	10/15/2025		55,761
	115,000	CSC Holdings LLC(h)	5.75%	01/15/2030		120,278
	85,000	CSC Holdings LLC(h)	4.63%	12/01/2030		82,990
	20,000	Cushman & Wakefield US Borrower LLC(h)	6.75%	05/15/2028		20,937
	35,000	CVR Energy, Inc.(h)	5.75%	02/15/2028		30,712
	20,000	Dana, Inc.	5.38%	11/15/2027		19,900
	30,000	Dana, Inc.	5.63%	06/15/2028		29,856
	145,000	DaVita, Inc.(h)	4.63%	06/01/2030		144,293
	155,000	Delta Air Lines, Inc.(h)	7.00%	05/01/2025		160,165
	15,000	Delta Air Lines, Inc.	7.38%	01/15/2026		14,527
	100,000	Diamond BC BV(i)	5.63%	08/15/2025		107,041
	35,000	DISH DBS Corp.	7.75%	07/01/2026		37,169
	40,000	DISH DBS Corp.(h)	7.38%	07/01/2028		39,950
	45,000	Edgewell Personal Care Co.(h)	5.50%	06/01/2028		46,378
	80,000	Encompass Health Corp.	4.50%	02/01/2028		76,865
	100,000	Energizer Gamma Acquisition BV(i)	4.63%	07/15/2026		115,151
	85,000	EnerSys(h)	4.38%	12/15/2027		84,628
	100,000	ESH Hospitality, Inc.(h)	5.25%	05/01/2025		96,897
	55,000	ESH Hospitality, Inc.(h)	4.63%	10/01/2027		51,793
	10,000	Ford Motor Credit Co. LLC(e)	3M US L + 0.43%	11/02/2020		9,893
	55,000	Ford Motor Credit Co. LLC	5.09%	01/07/2021		55,085
	20,000	Ford Motor Credit Co. LLC	3.34%	03/18/2021		19,857
	55,000	Ford Motor Credit Co. LLC(e)	3M US L + 0.81%	04/05/2021		52,791
	20,000	Ford Motor Credit Co. LLC(e)	3M US L + 0.88%	10/12/2021		18,982
	25,000	Ford Motor Credit Co. LLC	5.60%	01/07/2022		25,266
	30,000	Ford Motor Credit Co. LLC(e)	3M US L + 3.14%	01/07/2022		28,811
	45,000	Ford Motor Credit Co. LLC(e)	3M US L + 1.27%	03/28/2022		42,085
	30,000	Ford Motor Credit Co. LLC	3.34%	03/28/2022		29,166
	65,000	Ford Motor Credit Co. LLC(e)	3M US L + 1.08%	08/03/2022		59,334
	50,000	Ford Motor Credit Co. LLC	4.25%	09/20/2022		49,198
	90,000	Ford Motor Credit Co. LLC(e)	3M US L + 1.235%	02/15/2023		79,917
	25,000	Ford Motor Credit Co. LLC	5.13%	06/16/2025		25,119
	145,000	Frontier Communications Corp.(g)(h)	8.00%	04/01/2027		147,419
	35,000	Go Daddy Operating Co. LLC / GD Finance Co, Inc.(h)	5.25%	12/01/2027		35,693
	115,000	Golden Nugget, Inc.(h)	6.75%	10/15/2024		82,800
	55,000	Goodyear Tire & Rubber Co.	9.50%	05/31/2025		59,022
	75,000	Greystar Real Estate Partners LLC(h)	5.75%	12/01/2025		75,765
	55,000	Grinding Media, Inc. / Moly-Cop AltaSteel, Ltd.(h)	7.38%	12/15/2023		54,896
	95,000	H&E Equipment Services, Inc.	5.63%	09/01/2025		96,178
	100,000	Herc Holdings, Inc.(h)	5.50%	07/15/2027		100,468
	75,000	Hess Midstream Operations LP(h)	5.63%	02/15/2026		74,383
	5,000	Hess Midstream Operations LP(h)	5.13%	06/15/2028		4,817
	40,000	Howmet Aerospace, Inc.	6.88%	05/01/2025		43,489
	60,000	HUB International, Ltd.(h)	7.00%	05/01/2026		60,060
	105,000	Hunt Cos., Inc.(h)	6.25%	02/15/2026		95,855
	40,000	IAA, Inc.(h)	5.50%	06/15/2027		41,444
	10,000	iHeartCommunications, Inc.	8.38%	05/01/2027		9,182
	110,000	iHeartCommunications, Inc.(h)	5.25%	08/15/2027		105,511
	25,000	Illuminate Buyer LLC / Illuminate Holdings IV, Inc.(h)	9.00%	07/01/2028		26,125

Principal Amount/Description			Rate	Maturity	Value
$	35,000	Ingles Markets, Inc.	5.75%	06/15/2023	$	35,284
	190,000	Intelsat Jackson Holdings SA(g)(h)	8.00%	02/15/2024		193,010
	100,000	International Game Technology PLC(i)	2.38%	04/15/2028		101,386
	55,000	Iron Mountain, Inc.(h)	5.25%	03/15/2028		54,852
	15,000	Iron Mountain, Inc.(h)	5.00%	07/15/2028		14,691
	105,000	Iron Mountain, Inc.(h)	4.88%	09/15/2029		102,217
	20,000	Iron Mountain, Inc.(h)	5.25%	07/15/2030		19,647
	30,000	Itron, Inc.(h)	5.00%	01/15/2026		29,994
	25,000	JBS USA LUX SA / JBS USA Finance, Inc.(h)	6.50%	04/15/2029		26,589
	55,000	JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.(h)	5.50%	01/15/2030		56,468
	90,000	KAR Auction Services, Inc.(h)	5.13%	06/01/2025		88,884
	45,000	Kennedy-Wilson, Inc.	5.88%	04/01/2024		44,915
	90,000	Kraft Heinz Foods Co.	6.88%	01/26/2039		111,405
	125,000	Kraft Heinz Foods Co.	6.50%	02/09/2040		150,787
	30,000	Kraft Heinz Foods Co.(h)	5.50%	06/01/2050		32,087
	95,000	Kraton Polymers, LLC / Kraton Polymers Capital Corp.(h)	7.00%	04/15/2025		95,808
	10,000	L Brands, Inc.(h)	9.38%	07/01/2025		10,037
	105,000	L Brands, Inc.	7.50%	06/15/2029		91,790
	25,000	L Brands, Inc.	6.95%	03/01/2033		17,464
	75,000	Lamar Media Corp.	5.75%	02/01/2026		77,545
	20,000	Lamar Media Corp.(h)	4.00%	02/15/2030		19,194
	125,000	Laredo Petroleum, Inc.	9.50%	01/15/2025		86,524
	75,000	Level 3 Financing, Inc.	5.25%	03/15/2026		77,450
	20,000	Level 3 Financing, Inc.(h)	4.63%	09/15/2027		20,207
	15,000	Live Nation Entertainment, Inc.(h)	6.50%	05/15/2027		15,478
	55,000	Marriott Ownership Resorts, Inc.(h)	6.13%	09/15/2025		56,478
	45,000	Masonite International Corp.(h)	5.38%	02/01/2028		46,089
	145,000	Mauser Packaging Solutions Holding Co.(h)	5.50%	04/15/2024		142,733
	5,000	MEDNAX, Inc.(h)	5.25%	12/01/2023		4,988
	65,000	MEDNAX, Inc.(h)	6.25%	01/15/2027		65,225
	75,000	Mercer International, Inc.	7.38%	01/15/2025		74,852
	60,000	Mercer International, Inc.	5.50%	01/15/2026		56,589
	63,000	MGM Resorts International	5.50%	04/15/2027		60,998
	115,000	MPH Acquisition Holdings LLC(h)	7.13%	06/01/2024		107,380
	30,000	MPT Operating Partnership LP / MPT Finance Corp.	5.50%	05/01/2024		30,497
	80,000	MTS Systems Corp.(h)	5.75%	08/15/2027		73,685
	45,000	Murphy Oil Corp.	5.88%	12/01/2027		39,642
	30,000	Nabors Industries, Ltd.(h)	7.25%	01/15/2026		18,525
	30,000	Nabors Industries, Ltd.(h)	7.50%	01/15/2028		18,544
	62,000	Nationstar Mortgage Holdings, Inc.(h)	6.00%	01/15/2027		59,007
	70,000	NCR Corp.	6.38%	12/15/2023		71,320
	50,000	NCR Corp.(h)	5.75%	09/01/2027		50,114
	80,000	NCR Corp.(h)	6.13%	09/01/2029		80,526
	55,000	New Enterprise Stone & Lime Co., Inc.(h)	6.25%	03/15/2026		55,471
	130,000	Nexstar Broadcasting, Inc.(h)	5.63%	07/15/2027		130,329
	165,000	Nielsen Finance LLC / Nielsen Finance Co.(h)	5.00%	04/15/2022		164,703
	35,000	Northern Oil and Gas, Inc.(d)	8.50%    (9.50%)	05/15/2023		30,024
	40,000	Novelis Corp.(h)	5.88%	09/30/2026		40,047
	80,000	Oasis Petroleum, Inc.	6.88%	03/15/2022		13,450
	45,000	Oasis Petroleum, Inc.	6.88%	01/15/2023		7,650
	45,000	Occidental Petroleum Corp.	4.10%	02/01/2021		45,405

Principal Amount/Description			Rate	Maturity	Value
$	5,000	Occidental Petroleum Corp.	4.85%	03/15/2021	$	4,984
	60,000	Occidental Petroleum Corp.(e)	3M US L + 1.25%	08/13/2021		57,341
	25,000	Occidental Petroleum Corp.	3.13%	02/15/2022		24,068
	10,000	Occidental Petroleum Corp.	2.60%	04/15/2022		9,578
	135,000	Occidental Petroleum Corp.	2.70%	08/15/2022		125,927
	155,000	Occidental Petroleum Corp.(e)	3M US L + 1.45%	08/15/2022		142,659
	55,000	Occidental Petroleum Corp.	4.40%	04/15/2046		38,440
	25,000	Occidental Petroleum Corp.	4.40%	08/15/2049		17,467
	40,000	Oceaneering International, Inc.	6.00%	02/01/2028		28,142
	20,000	Olin Corp.	5.63%	08/01/2029		18,426
	105,000	Olin Corp.	5.00%	02/01/2030		93,168
	100,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(h)	7.38%	06/01/2025		101,812
	50,000	Ortho-Clinical Diagnostics, Inc. / Ortho-Clinical Diagnostics SA(h)	7.25%	02/01/2028		50,949
	40,000	Outfront Media Capital LLC / Outfront Media Capital Corp.	5.63%	02/15/2024		40,204
	35,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(h)	6.25%	06/15/2025		35,383
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(h)	5.00%	08/15/2027		18,034
	20,000	Outfront Media Capital LLC / Outfront Media Capital Corp.(h)	4.63%	03/15/2030		18,366
	55,000	Par Pharmaceutical, Inc.(h)	7.50%	04/01/2027		56,625
	45,000	PBF Holding Co. LLC / PBF Finance Corp.(h)	9.25%	05/15/2025		48,122
	30,000	PDC Energy, Inc.	6.13%	09/15/2024		28,010
	40,000	PDC Energy, Inc.	5.75%	05/15/2026		36,526
	40,000	Performance Food Group, Inc.(h)	5.50%	06/01/2024		39,746
	25,000	Performance Food Group, Inc.(h)	5.50%	10/15/2027		24,171
	25,000	PG&E Corp.	5.00%	07/01/2028		24,969
	95,000	PG&E Corp.	5.25%	07/01/2030		95,712
	55,000	Pilgrim's Pride Corp.(h)	5.75%	03/15/2025		54,920
	25,000	Plantronics, Inc.(h)	5.50%	05/31/2023		21,859
	60,000	Platform Specialty Products Corp.(h)	5.88%	12/01/2025		60,768
	10,000	Post Holdings, Inc.(h)	5.00%	08/15/2026		10,057
	180,000	Post Holdings, Inc.(h)	4.63%	04/15/2030		176,967
	40,000	PowerTeam Services LLC(h)	9.03%	12/04/2025		40,975
	40,000	PQ Corp.(h)	5.75%	12/15/2025		40,446
	10,000	Prestige Brands, Inc.(h)	5.13%	01/15/2028		9,875
	150,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(h)	5.75%	04/15/2026		155,789
	90,000	Prime Security Services Borrower LLC / Prime Finance, Inc.(h)	6.25%	01/15/2028		85,022
	100,000	Primo Water Corp.(i)	5.50%	07/01/2024		113,740
	40,000	QEP Resources, Inc.	5.38%	10/01/2022		30,541
	5,000	Quicken Loans LLC(h)	5.75%	05/01/2025		5,124
	85,000	Quicken Loans LLC(h)	5.25%	01/15/2028		88,647
	45,000	QVC, Inc.	4.75%	02/15/2027		43,712
	100,000	Refinitiv US Holdings, Inc.(h)	4.50%	05/15/2026		117,369
	70,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu(h)	7.00%	07/15/2024		70,361
	90,000	Rite Aid Corp.(h)	6.13%	04/01/2023		87,671
	15,000	Royal Caribbean Cruises, Ltd.(h)	10.88%	06/01/2023		15,422
	35,000	Royal Caribbean Cruises, Ltd.(h)	11.50%	06/01/2025		36,513
	95,000	Ryman Hospitality Properties, Inc.(h)	4.75%	10/15/2027		84,236
	20,000	Sabre GLBL, Inc.(h)	9.25%	04/15/2025		21,162
	55,000	Scotts Miracle-Gro Co.(h)	4.50%	10/15/2029		56,755

Principal Amount/Description			Rate	Maturity	Value
$	35,000	Signature Aviation US Holdings, Inc.(h)	5.38%	05/01/2026	$	35,126
	100,000	Silgan Holdings, Inc.	3.25%	03/15/2025		113,286
	30,000	Sirius XM Radio, Inc.(h)	4.63%	07/15/2024		30,853
	5,000	Sirius XM Radio, Inc.(h)	5.50%	07/01/2029		5,300
	25,000	Six Flags Entertainment Corp.(h)	5.50%	04/15/2027		22,375
	30,000	Six Flags Theme Parks, Inc.(h)	7.00%	07/01/2025		31,144
	30,000	SM Energy Co.	5.00%	01/15/2024		16,310
	30,000	SM Energy Co.	5.63%	06/01/2025		16,009
	50,000	Sonic Automotive, Inc.	6.13%	03/15/2027		49,678
	10,000	Southwestern Energy Co.	6.20%	01/23/2025		8,594
	20,000	Southwestern Energy Co.	7.75%	10/01/2027		17,463
	100,000	Spectrum Brands, Inc.(h)	5.00%	10/01/2029		99,106
	85,000	Springleaf Finance Corp.	7.75%	10/01/2021		88,632
	20,000	Springleaf Finance Corp.	8.88%	06/01/2025		21,421
	120,000	SS&C Technologies, Inc.(h)	5.50%	09/30/2027		122,753
	110,000	Station Casinos LLC(h)	4.50%	02/15/2028		92,744
	40,000	Stevens Holding Co., Inc.(h)	6.13%	10/01/2026		41,942
	110,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.	5.75%	03/01/2025		110,401
	40,000	Suburban Propane Partners LP/Suburban Energy Finance Corp.	5.88%	03/01/2027		39,742
	30,000	Summit Materials LLC / Summit Materials Finance Corp.(h)	5.13%	06/01/2025		29,734
	95,000	SunCoke Energy Partners LP / SunCoke Energy Partners Finance Corp.(h)	7.50%	06/15/2025		80,590
	50,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp.(h)	6.00%	03/01/2027		44,500
	35,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.88%	04/15/2026		34,732
	100,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.38%	02/01/2027		96,731
	20,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.	5.00%	01/15/2028		18,866
	100,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp.(h)	5.50%	03/01/2030		96,656
	135,000	Tenet Healthcare Corp.	5.13%	05/01/2025		130,438
	140,000	Tenet Healthcare Corp.(h)	6.25%	02/01/2027		139,387
	15,000	Tenet Healthcare Corp.(h)	5.13%	11/01/2027		14,844
	75,000	Tenet Healthcare Corp.(h)	4.63%	06/15/2028		73,664
	75,000	Tennant Co.	5.63%	05/01/2025		76,023
	55,000	Tms International Holding Corp.(h)	7.25%	08/15/2025		45,100
	90,000	TPC Group, Inc.(h)	10.50%	08/01/2024		80,728
	20,000	TransDigm, Inc.	6.50%	07/15/2024		19,298
	35,000	TransDigm, Inc.	6.50%	05/15/2025		32,819
	105,000	TransDigm, Inc.(h)	8.00%	12/15/2025		110,813
	70,000	TransDigm, Inc.(h)	6.25%	03/15/2026		70,077
	75,000	TransDigm, Inc.	5.50%	11/15/2027		65,679
	1,000	TreeHouse Foods, Inc.(h)	6.00%	02/15/2024		1,023
	40,000	TriMas Corp.(h)	4.88%	10/15/2025		40,182
	45,000	Tronox, Inc.(h)	6.50%	04/15/2026		42,183
	60,000	Uber Technologies, Inc.(h)	7.50%	05/15/2025		60,712
	100,000	UGI International LLC(h)	3.25%	11/01/2025		111,226
	10,214	Ultra Resources, Inc.(d)	11.00%    (11.00%)	07/12/2024		587
	85,000	United Continental Holdings, Inc.	4.25%	10/01/2022		72,383
	15,000	United Rentals North America, Inc.	6.50%	12/15/2026		15,779
	105,000	United Rentals North America, Inc.	4.88%	01/15/2028		107,789
	65,000	Univar Solutions USA, Inc./Washington(h)	5.13%	12/01/2027		65,865
	15,000	Univision Communications, Inc.(h)	9.50%	05/01/2025		15,975

Principal Amount/Description			Rate	Maturity	Value
$	20,000	Univision Communications, Inc.(h)	6.63%	06/01/2027	$	19,175
	40,000	US Foods, Inc.(h)	6.25%	04/15/2025		40,875
	43,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	04/01/2026		41,649
	30,000	USA Compression Partners LP / USA Compression Finance Corp.	6.88%	09/01/2027		28,545
	85,000	ViaSat, Inc.(h)	5.63%	09/15/2025		81,609
	20,000	VICI Properties LP / VICI Note Co., Inc.(h)	4.25%	12/01/2026		19,223
	20,000	VICI Properties LP / VICI Note Co., Inc.(h)	4.63%	12/01/2029		19,534
	60,000	VICI Properties LP / VICI Note Co., Inc.(h)	4.13%	08/15/2030		57,319
	30,000	Weatherford International, Ltd.(h)	11.00%	12/01/2024		21,000
	35,000	William Carter Co.(h)	5.63%	03/15/2027		36,152
	108,000	WMG Acquisition Corp.(h)	4.13%	11/01/2024		125,134
	40,000	Wolverine World Wide, Inc.(h)	6.38%	05/15/2025		42,075
	80,000	XPO Logistics, Inc.(h)	6.25%	05/01/2025		83,950
						16,302,132
TOTAL HIGH YIELD DEBT
(Cost $23,791,133)						23,001,545

Shares/Description			Value
RIGHTS - 0.00%(b)(j)
	198	DBI Investors, Inc., Strike Price 0.01, Expires 12/31/2049(a)		89
TOTAL RIGHTS
(Cost $11,231)				89
WARRANTS - 0.00%(b)(j)
	4	David's Bridal, Strike Price 219.47, Expires 01/18/2024(a)		–
	210	Ultra Petroleum Corp, Strike Price 0.01, Expires 07/14/2025		2
TOTAL WARRANTS
(Cost $650)				2
SHORT-TERM INVESTMENTS - 2.28%
	1,041,188	State Street Institutional Trust (7 Day Yield 0.12%)		1,041,188
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,041,188)				1,041,188
TOTAL INVESTMENTS - 100.54%
(Cost $49,010,217)				46,016,672
CASH SEGREGATED AT CUSTODIAN FOR FORWARD FOREIGN CURRENCY CONTRACTS - 0.11%				50,000
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.65)%				(295,401	)
NET ASSETS - 100.00%			$	45,771,271

Investment Abbreviations:

EURIBOR - Euro Interbank Offered Rate

LIBOR - London Interbank Offered Rate

SOFR - Secured Overnight Financing Rate

Libor Rates:

1M US L - 1 Month LIBOR as of June 30, 2020 was 0.16%

3M US L - 3 Month LIBOR as of June 30, 2020 was 0.30%

6M US L - 6 Month LIBOR as of June 30, 2020 was 0.37%

1M EUR L - 1 Month EURIBOR as of June 30, 2020 was -0.51%

3M EUR L - 3 Month EURIBOR as of June 30, 2020 was -0.42%

6M EUR L - 6 Month EURIBOR as of June 30, 2020 was -0.31%

1D SOFR - 1 Day SOFR as of June 30, 2020 was 0.10%

(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 June 30, 2020. 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 June 30, 2020. 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 Trustees and may normally be sold to qualified institutional buyers in transactions exempt from registration. Total fair value of Rule 144A securities amounts to $14,013,889, which represents approximately 30.62% of net assets as of June 30, 2020.
(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 Trustees (The "Board"). As of June 30, 2020, the aggregate fair value of those securities was $3,136,504, representing 6.85% 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 June 30, 2020		Fund Delivering	U.S. $ Value at June 30, 2020		Unrealized Appreciation/ (Depreciation)
State Street Boston	7/2/2020	EUR		8,356,718	USD		8,331,479	$	25,239
State Street Boston	7/2/2020	USD		2,555,299	EUR		2,553,195		2,104
State Street Boston	7/2/2020	USD		382,839	GBP		376,874		5,965
State Street Boston	7/2/2020	USD		308,049	GBP		304,255		3,794
State Street Boston	7/2/2020	USD		134,903	GBP		132,441		2,462
								$	39,564
State Street Boston	7/2/2020	EUR		45,651	USD		46,020	$	(369	)
State Street Boston	7/2/2020	EUR		173,786	USD		174,417		(631	)
State Street Boston	7/2/2020	USD		5,316,813	EUR		5,327,357		(10,544	)
State Street Boston	8/4/2020	USD		300,339	GBP		303,134		(2,795	)
State Street Boston	8/4/2020	USD		2,460,450	EUR		2,466,387		(5,937	)
State Street Boston	8/4/2020	USD		5,221,541	EUR		5,234,139		(12,598	)
State Street Boston	8/4/2020	USD		377,751	GBP		381,267		(3,516	)
								$	(36,390	)

RiverNorth Funds Notes to Quarterly Schedule of Investments

June 30, 2020 (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 June 30, 2020.

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 June 30, 2020 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	$	51,843,667	$	–	$	–	$	51,843,667
Business Development Companies		1,253,091		–		–		1,253,091
Common Stocks		5,210,724		–		–		5,210,724
Exchange Traded Funds		5,609,853		–		–		5,609,853
Preferred Stocks		688,635		–		–		688,635
Business Development Company Notes		1,043,162		–		–		1,043,162
Convertible Corporate Bonds		–		2,730,809		–		2,730,809
Rights		9,877		–		–		9,877
Warrants		1,193,683		–		–		1,193,683
Short-Term Investments		9,924,681		–		–		9,924,681
Total	$	76,777,373	$	2,730,809	$	–	$	79,508,182

Strategic Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	380,903,252	$	–	$	–	$	380,903,252
Business Development Companies		3,579,956		–		–		3,579,956
Common Stocks		8,363,101		–		–		8,363,101
Open-End Funds		29,055,484		–		–		29,055,484
Preferred Stocks		25,976,773		–		–		25,976,773
Business Development Company Notes		19,699,874		–		–		19,699,874
Foreign Corporate Bonds		–		81,151,246		–		81,151,246
U.S. Corporate Bonds		–		95,742,489		–		95,742,489
Convertible Corporate Bonds		–		12,901,958		–		12,901,958
Foreign Government Bonds and Notes, Supranationals and Foreign Agencies		–		7,146,205		–		7,146,205
Bank Loans		–		19,516,714		–		19,516,714
Collateralized Loan Obligations		–		45,684,253		–		45,684,253
Equity - Linked Notes		–		–		11,250		11,250
Non-Agency Collateralized Mortgage Obligations		–		403,525,039		–		403,525,039
U.S. Government Bonds and Notes		–		113,201,156		–		113,201,156
Municipal Bonds		–		430,621		–		430,621
U.S. Government / Agency Mortgage Backed Securities		–		266,586,067		–		266,586,067
Warrants		–		–		–		–
Short-Term Investments		261,489,822		2,433,509		–		263,923,331
Total	$	729,068,262	$	1,048,319,257	$	11,250	$	1,777,398,769

High Income Fund
	Valuation Inputs
Investments in Securities at Value*	Level 1		Level 2		Level 3		Total
Closed-End Funds	$	5,133,292	$	–	$	–	$	5,133,292
Common Stocks		57		–		28,207		28,264
Preferred Stocks		–		–		88,304		88,304
Bank Loans		–		16,566,888		157,100		16,723,988
High Yield Debt		–		23,001,545		–		23,001,545
Rights		–		–		89		89
Warrants		2		–		–		2
Short-Term Investments		1,041,188		–		–		1,041,188
Total	$	6,174,539	$	39,568,433	$	273,700	$	46,016,672

High Income Fund (continued)
	Valuation Inputs
Other Financial Instruments**	Level 1		Level 2			Level 3		Total
Assets
Forward Foreign Currency Contracts	$	–	$	39,564		$	–	$	39,564
Liabilities
Forward Foreign Currency Contracts		–		(36,390	)		–		(36,390	)
Total	$	–	$	3,174		$	–	$	3,174

* 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 June 30, 2020		Net change in unrealized appreciation/ (depreciation) included in the Statements of Operations attributable to Level 3 investments held at June 30, 2020
Strategic Income Fund
U.S. Corporate Bonds	$	5,050,000	$	3,893		$	-		$	(598,665	)	$	-	$	-		$	-	$	(4,455,228	)	$	-	$	-
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		$	(153,877	)	$	152,982	$	(1,703	)	$	-	$	-		$	28,207	$	(153,877	)
Preferred Stocks		92,000		2,463			(45,531	)		19,618			19,981		(227	)		-		-			88,304		(23,677	)
Bank Loans		20,361		(443	)		-			(23,673	)		227,681		(66,826	)		-		-			157,100		(70,581	)
Rights		-		-			-			(11,142	)		11,231		-			-		-			89		(11,142	)
Warrants		3,714		-			1,352			(1,352	)		-		(3,714	)		-		-			-		-
	$	146,260	$	2,020		$	(43,559	)	$	(170,426	)	$	411,875	$	(72,470	)	$	-	$	-		$	273,700	$	(259,277	)

(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 June 30, 2020:

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	$	28,207	Vendor Price	Broker Quote
Preferred Stocks		88,304	Last Transaction Price	Transaction Price
Bank Loans		157,100	Vendor Price	Broker Quote
Rights		89	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 nine months ended June 30, 2020, 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 June 30, 2020, the High Income Fund had $1,110,679 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 June 30, 2020 were as follows:

Security Name	Market Value as of September 30, 2019		Purchases		Sales		Market Value as of June 30, 2020		Share Balance as of June 30, 2020		Dividends		Change in Unrealized Gain (Loss)			Realized Gain/Loss
RiverNorth/Oaktree High Income Fund	$	30,156,442	$	1,149,370	$	-	$	29,055,484		3,285,269	$	1,149,370	$	(2,250,328	)	$	-
							$	29,055,484		3,285,296	$	1,149,370	$	(2,250,328	)	$	-